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Pan Electronics Chairman Speech
BSE:517397 | IND:Electronics - Equipment/Components | ISIN code:INE648E01010 | SECT:Electric/Electronics
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You can view the entire text of Chairman's speech of Pan Electronics India Ltd.
Chairman's Speech
Mar2001 Mar 2011
Dear Shareholders,
On behalf of Board of Directors of the Company, I extend, a very warm
and cordial welcome to all of you for the 28th Annual General Meeting
of your Company.
Your company has recovered from the recession and is making best
efforts to improve sales & margins. With increased competition,
domestic market share has been on the decline. The company is actively
exploring the export markets to improvelprofitability. I am confident
that your company will be able to keep its hold in the long run.
With our best efforts, your Company ended the financial year with a
loss of Rs. 30.16 lakhs. The loss is mainly due to low productivity and
increased raw material costs. Your Company has achieved exports to a
tune of Rs 1.23 lakhs, as against NIL during the previous year.
Your Company is exploring various ways to improve the operational
parameters and reduce the cost to re-establish its market share. As a
yield of efforts, your Company was able to get export orders and is in
advanced stage of finalization for continuous orders.
The Managing Director of the Company has voluntarily waived the drawl
of proposed remuneration of Rs. 50,000 per month from 1 February 2012
till such time remuneration committee deems fit.
I would like to thank the Financial" Institutions, Banks, SIPCOT,
Government Authorities, Suppliers, Customers, Staff and Employees for
the co-operation extended to the Company and most important of all, the
understanding and support the shareholders reposed on us.
I also thank my colleagues on the Board for their precious guidance and
advice which was continuously available to me.
Thank you for attending the meeting.
NanikRohera
Chairman
On behalf of Board of Directors of the Company, I extend, a very warm
and cordial welcome to all of you for the 28th Annual General Meeting
of your Company.
Your company has recovered from the recession and is making best
efforts to improve sales & margins. With increased competition,
domestic market share has been on the decline. The company is actively
exploring the export markets to improvelprofitability. I am confident
that your company will be able to keep its hold in the long run.
With our best efforts, your Company ended the financial year with a
loss of Rs. 30.16 lakhs. The loss is mainly due to low productivity and
increased raw material costs. Your Company has achieved exports to a
tune of Rs 1.23 lakhs, as against NIL during the previous year.
Your Company is exploring various ways to improve the operational
parameters and reduce the cost to re-establish its market share. As a
yield of efforts, your Company was able to get export orders and is in
advanced stage of finalization for continuous orders.
The Managing Director of the Company has voluntarily waived the drawl
of proposed remuneration of Rs. 50,000 per month from 1 February 2012
till such time remuneration committee deems fit.
I would like to thank the Financial" Institutions, Banks, SIPCOT,
Government Authorities, Suppliers, Customers, Staff and Employees for
the co-operation extended to the Company and most important of all, the
understanding and support the shareholders reposed on us.
I also thank my colleagues on the Board for their precious guidance and
advice which was continuously available to me.
Thank you for attending the meeting.
NanikRohera
Chairman
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Stock Summary
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Capital Structure
Chairman's Speech
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Cash Flow Statement
Half Yearly Results
Capital Structure
Chairman's Speech
Company History
Locations
Dividends
Splits
Competitors
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