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Wonder Fibromats Ltd.

BSE: 535344 Sector: Engineering
NSE: WFL ISIN Code: INE02WG01016
BSE 05:30 | 01 Jan Wonder Fibromats Ltd
NSE 00:00 | 22 Oct 118.65 0
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Wonder Fibromats Ltd. (WFL) - Chairman Speech

Company chairman speech

Dear Shareholders

It brings me immense pleasure to put forth the Eleventh Annual Report of Your CompanyWonder Fibromats Limited for the financial year 2019-20. It gives me immense pleasure toshare with you an update on performance of your Company for the F.Y. 2019-20. This wastransformative year for your Company as the Company got listed on NSE Emerge Platform ofNational Stock Exchange of India Limited on 06th August 2019. Your company hastaken several pre-emptive measures at various operational levels to ensure sustainablereduction in the cost of production with increased level of efficiency and output.

The end of this year was marked by the enormously challenging COVID-19 pandemic whichhas fundamentally altered the world and continues to do so. However your Companycontinued to play on its strengths and posted a stable financial performance. I would liketo extend my sincere gratitude to each and every team member of Wonder Group for theirrelentless efforts who have responded beyond their call of duty during the nationwidelockdown. Our teams have demonstrated a strong sense of responsibility and have ensuredthat we continue with business as usual despite the hardship. Amidst lockdowns we aremoving resolutely to urgently address these challenges.

Our Fan manufacturing business has quickly emerged as a silver flagship and was animmediate success that redefined the highly fragmented Indian fans market by offeringproducts that were premium by design with a strong value proposition in terms of pricing.

Although the world is facing tough times ahead your Company is well-positioned to riseto the occasion. We recognize the benefit of fostering and maintaining strong long-lastingrelationships with our stakeholders through transparent and effective communication and westrive to sustain the established credibility and relationship with them. FY-20 is atestament of the brilliant work of your Company' steam members and their never-endingdedication to providing the finest fans retaining the trust of customers and lookingforward to the future with optimism and innovation. As we move forward into our next yearmay you and your family stay safe and healthy!

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