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Vama Industries Ltd.

BSE: 512175 Sector: Others
NSE: N.A. ISIN Code: INE685D01022
BSE 09:18 | 28 Jan 12.94 0.37
(2.94%)
OPEN

12.60

HIGH

12.94

LOW

12.60

NSE 05:30 | 01 Jan Vama Industries Ltd
OPEN 12.60
PREVIOUS CLOSE 12.57
VOLUME 30124
52-Week high 15.26
52-Week low 5.90
P/E 431.33
Mkt Cap.(Rs cr) 68
Buy Price 12.90
Buy Qty 3107.00
Sell Price 12.94
Sell Qty 4902.00
OPEN 12.60
CLOSE 12.57
VOLUME 30124
52-Week high 15.26
52-Week low 5.90
P/E 431.33
Mkt Cap.(Rs cr) 68
Buy Price 12.90
Buy Qty 3107.00
Sell Price 12.94
Sell Qty 4902.00

Vama Industries Ltd. (VAMAINDUSTRIES) - Chairman Speech

Company chairman speech

Dear Stakeholders

Greetings!

This is indeed the time I feel for me and my team mates on the Board and othercolleagues to share with all of you the journey we have traversed during the year goneby. I take this privileged opportunity to present certain key glimpses of our Company'sperformance its financial position its industry positioning and the variousopportunities before it.

When I peep into my previous year's message I recollect statements made to you asregards our performance and the growth story thereon. The financial figures of 2018-19shows a decreasing trend when compared to financial figures of 2017-18 mainly because ofthe economic slowdown both at national as well as international level coupled withvarious economic and political factors. This slowdown has led to a negative growth for theCompany during the FY ended 31st March 2019. Our business depends largely on governmentorders especially defence sector. As you are aware we were gripped with election maniafor considerable part of the previous Financial Year as we witnessed assembly electionsand general elections that concluded during May 2019. In the said scenario the governmentorders were kept largely on hold which impacted our revenues during the Financial yearunder review.

However in the backdrop of a stable government at state as well as national level wefeel upbeat to state that financial year 2019-20 would be path breaking for the Company.

To have territorial reach we have our offices in Bengaluru and New Delhi also. Ourwholly owned Subsidiary in Singapore is running successfully. As the company has itspresence at the national and international level it helps the Company to bridge its gapbetween the Company and its Clients located overseas.

VAMA has increased the sales and marketing activities for the international marketespecially for the Engineering Services and ITES business. Vama is working on IOT Projectwith Machine to Machine Communication. We are confident that with the increase in salesand marketing activities our international business will grow

VAMA has been implementing projects all over India for Defence and Space sectors and istaking up turnkey projects. Orders which were received from ISRO & CDAC duringprevious year are very significant to us and based on that we shall expand our businessin different territories in India.

We are confident that with the increase in sales and marketing activities ourinternational business will also grow on a sustained note. I hope our strategies willyield positive results in the ensuing years and we will be able to present better andbetter results before you.

I would like to convey my sincere appreciation to the Board of Directors for theirguidance.

I would also like to express my heartiest gratitude to all our stakeholders for theirenduring faith in Vama

Good luck
Sd/-
V. Atchyuta Rama Raju
Chairman and Managing Director
(DIN : 00997493)
Hyderabad

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