PAE Chairman Speech
BSE:517230 | IND:Auto Ancl - Batteries | ISIN code:INE766A01018 | SECT:Auto Ancillaries
PREMARKET
BSE
Change:
Volume:
Open:
Prv. Close:
Bid:
()
Offer:
()
NSE
Change:
Volume:
Open:
Prv. Close:
Bid:
()
Offer:
()
You can view the entire text of Chairman's speech of PAE Ltd.
Chairman's Speech
Mar2014 Mar 2015
Dear Shareowners,
I wish to present to you the Sixty fifth Annual Report and Accounts for
the year ended March, 2015.
The year under review has been challenging one, more on the finance
front. The growth in our own branded products seen in earlier years
could not continue due to constraint of finance, which is still
creating the bottleneck.
The streamlining of operation started two years ago is still continuing
and has helped to reduce the expenses substantially.
In the pursuit of raising our own money we had to sell some assets and
were attempting to sell our two Solar Plants of 1 MW each in Rajasthan
& Punjab from our subsidiary Company, Sovox Renewables Private Limited.
The process was completed in June, 2015. Further, in order to meet
working capital finance, the Promoters also have contributed by way of
Preference Capital of Rs.390 Lacs during the year.
I had cautioned in my statement last year that "The Financial Year
ending March, 2015 is not necessarily expected to be great"
unfortunately it has come true. The current year is also passing
through difficult time and does not indicate recovery for sometime to
come however the "Management is striving to come out from the current
situation and hopeful of finding a solution."
Finally, I sincerely thank all our shareholders, business partners,
employees and the last, but not the least, our customers for the
continued support and faith reposed in your Company.
Regards
Arvind R. Doshi
Chairman
I wish to present to you the Sixty fifth Annual Report and Accounts for
the year ended March, 2015.
The year under review has been challenging one, more on the finance
front. The growth in our own branded products seen in earlier years
could not continue due to constraint of finance, which is still
creating the bottleneck.
The streamlining of operation started two years ago is still continuing
and has helped to reduce the expenses substantially.
In the pursuit of raising our own money we had to sell some assets and
were attempting to sell our two Solar Plants of 1 MW each in Rajasthan
& Punjab from our subsidiary Company, Sovox Renewables Private Limited.
The process was completed in June, 2015. Further, in order to meet
working capital finance, the Promoters also have contributed by way of
Preference Capital of Rs.390 Lacs during the year.
I had cautioned in my statement last year that "The Financial Year
ending March, 2015 is not necessarily expected to be great"
unfortunately it has come true. The current year is also passing
through difficult time and does not indicate recovery for sometime to
come however the "Management is striving to come out from the current
situation and hopeful of finding a solution."
Finally, I sincerely thank all our shareholders, business partners,
employees and the last, but not the least, our customers for the
continued support and faith reposed in your Company.
Regards
Arvind R. Doshi
Chairman
Quick Links
PAE Ltd. Quick Links
Stock Summary
Cash Flow Statement
Half Yearly Results
Capital Structure
Chairman's Speech
Company History
Locations
Dividends
Splits
Competitors
Cash Flow Statement
Half Yearly Results
Capital Structure
Chairman's Speech
Company History
Locations
Dividends
Splits
Competitors
Date Sources:Live BSE and NSE Quotes Service: TickerPlant | Corporate Data, F&O Data & Historical price volume data: Dion Global Solutions Ltd.
BSE Quotes and Sensex are real-time and licensed from the Bombay Stock Exchange. NSE Quotes and Nifty are also real time and licenced from National Stock Exchange. All times stamps are reflecting IST (Indian Standard Time).
By using this site, you agree to the Terms of Service and Privacy Policy.