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Veto Switchgears & Cables Ltd.

BSE: 539331 Sector: Engineering
NSE: VETO ISIN Code: INE918N01018
BSE 00:00 | 06 Oct 109.55 0.60
(0.55%)
OPEN

109.45

HIGH

111.95

LOW

107.70

NSE 00:00 | 06 Oct 109.35 0.40
(0.37%)
OPEN

109.50

HIGH

111.85

LOW

109.00

OPEN 109.45
PREVIOUS CLOSE 108.95
VOLUME 7958
52-Week high 136.30
52-Week low 77.00
P/E 8.88
Mkt Cap.(Rs cr) 209
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 109.45
CLOSE 108.95
VOLUME 7958
52-Week high 136.30
52-Week low 77.00
P/E 8.88
Mkt Cap.(Rs cr) 209
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Veto Switchgears & Cables Ltd. (VETO) - Chairman Speech

Company chairman speech

Dear Stakeholders

It is truly an excellent opportunity for learning under your guidance. We are delightedto have you as our stakeholders and on behalf of the Company I would like to welcome youall.

With your fresh thoughts optimistic approaches and gentle behavior we are sure thatthis company is in good hands.

Veto Switchgears and Cables Limited works on one of the principles of Constitution ofIndia which states that 'we are OF the people FOR the people and BY the people' whichmeans the Company is doing great because of its Members for the Society and by theManagement and Employees. We are trying hard to make the lives of our team members /workers better in every way.

"Your attitude is more important than your capabilities. Similarly your decisionis more important than your capabilities!"

Veto's decision to acquire M/s. Vankon Switchgears and Cables Private Limited provedthe above statement absolutely correct. Our one decision proved our capabilities and builtan iconic image in the eyes of our stakeholders.

Last year was a challenging environment for the entire economy and it continued thisyear as well. The pandemic proved that the time does not remain same.

Never complain about the difficulties in life people keep complaining all their lifeand keep blaming the situations around for their Failure In the midst of the Coronacrisis our Company was able to achieve EBIT of Rs. 2325.14 lacs in Financial Year2020-21. In this achievement major contribution is by Lighting & Fittings Segment.

We not only thrive out for best of our team but we also work for the betterment of thesociety. Veto came up and contributed oxygen concentrator of 25 & 1100 Mask to theneedy people.

At the end I would like to thank our management and staff members for their hard workand contribution. Their continuous support during this hard time gave us strength inattaining progressive success and realizing our vision and goals. I would also like totake the opportunity to express my gratitude to our partners suppliers invaluableconsumers our bankers government authorities and to all our shareholders for theunwavering trust and support reposed in us. We will be delighted if you continueaccompanying us in our journey as we work towards building the Veto of tomorrow.

Thanking You

With warm regards

Akshay Kumar Gurnani

Managing Director Cum CEO

DIN:06888193

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