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Walchandnagar Industries Ltd.

BSE: 507410 Sector: Engineering
NSE: WALCHANNAG ISIN Code: INE711A01022
BSE 00:00 | 21 Sep 55.90 1.25
(2.29%)
OPEN

55.00

HIGH

56.50

LOW

54.65

NSE 00:00 | 21 Sep 55.95 1.20
(2.19%)
OPEN

55.10

HIGH

56.60

LOW

54.55

OPEN 55.00
PREVIOUS CLOSE 54.65
VOLUME 47113
52-Week high 92.00
52-Week low 43.75
P/E
Mkt Cap.(Rs cr) 213
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 55.00
CLOSE 54.65
VOLUME 47113
52-Week high 92.00
52-Week low 43.75
P/E
Mkt Cap.(Rs cr) 213
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Walchandnagar Industries Ltd. (WALCHANNAG) - Chairman Speech

Company chairman speech

Dear Members

It is my pleasure to welcome you all to the 112th Annual General Meeting andpresent the Annual Report of your company. The year under consideration covers the periodApril 2020 to March 2021.

My sincere wishes that each of you is safe and well in these times. This last year wasfull of uncertainties however we were extremely focused to ensure the safety andwellbeing of all our employees amidst challenges for the operations. We have set upvaccination centres at our campuses across several locations to ensure our operations arenot hindered and all our employees and their families get vaccinated in the near future.

Our leadership team came together and focused on ensuring we were delivering ourproducts as per customer requirements. Our crossfunctional teams have brought the best ofall our capabilities together by working in unison to support and drive the digitaltransformation journey within the Organization. Your company ended FY 2020-21 with totalrevenue of INR 351 Crore. It is through the efforts of our team that we could increase ourrevenue by 9% compared to the previous year even though the first quarter was badlyaffected due to COVID. WIL is confident to continue this momentum & have much-improvedperformances in the next fiscal years. For me it is a matter of pride to see thecommitment and dedication that our employees displayed during this year to serve ourcustomers.

The year FY 20-21 was extremely unpredictable. Nonetheless your Company was successfulin booking orders to the magnitude of approximately INR 200 Cr to end the FY 2020-21 witha healthy order book of INR 762 Cr. As I look ahead I am more optimistic than ever of theenormous opportunity ahead of us. With the opening up of the economy WIL is well poisedto book orders in its diversified sectors with a profitable mix.

We continue to be active in diversified sectors including our strategic Governmentbusinesses & our product businesses to have the desired balance between long gestationprojects & our engineering products. We have successfully made an entry intomanufacturing of Process Equipment for Chemical Fertilizer and Steel Industries.

Human Resource Management has been at the forefront of our initiatives this year. Wehave focussed on the development of talent at all levels of hierarchy to build a line ofleadership that is ready to take up higher responsibilities in the years to come. Ourinitiatives in digitization have enabled us to provide a learning experience for all ouremployees even during the lockdown.

I am extremely grateful to our customers the entire WIL team board membersshareholders and all well-wishers who have supported us with their trust and supportthrough this most challenging year.

Thank You

Chakor L. Doshi Chairman

.