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Bhansali Engineering Polymers Ltd.

BSE: 500052 Sector: Industrials
NSE: BEPL ISIN Code: INE922A01025
BSE 16:01 | 27 Mar 2018 Bhansali Engineering Polymers Ltd
NSE 05:30 | 01 Jan 1970 Bhansali Engineering Polymers Ltd
OPEN 167.40
PREVIOUS CLOSE 165.30
VOLUME 126173
52-Week high 217.40
52-Week low 22.25
P/E 32.32
Mkt Cap.(Rs cr) 2,783
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 167.40
CLOSE 165.30
VOLUME 126173
52-Week high 217.40
52-Week low 22.25
P/E 32.32
Mkt Cap.(Rs cr) 2,783
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Bhansali Engineering Polymers Ltd. (BEPL) - Chairman Speech

Company chairman speech

Dear Shareholders

I am delighted to present 31st Annual Report of the company for FinancialYear 2014-15. It is also the Silver Jubilee Year of your company which completed 25 Yearsof its operations on 21.01.2015. The Financial Year 2014-15 is a landmark year ofprofoundly impressive performance in all facets of our operations. Thanks to therelentless endeavor of all stakeholders who have shown solidarity with the company andcontributed towards achieving its present status by going through all trials andtribulations in the span of last 25 Years. Co-incidentally with the advent of newpolitical Government at the Center heralds a new epoch; as overall transformation ofeconomy is distinctively visible to enable India to become economic superpower by 2025.

Exemplary initiative to change the global environment in favour of India is a challengeunparalleled in the history accepted by the present Indian leadership. Peace is anecessary condition not only for the growth but also for survival of the human race whichis facing biggest threat from terrorism and equally from deteriorating environmentresulting in global warming. These two challenges not only affect our nation but all thecountries alike. Therefore improving relationship with neighbors has come to theCentre-stage of the Indian Foreign policy initiatives.

The faith that Indian economy will grow at an exemplary pace; has been reposed and hugeinvestment from FDIs and FIIs will certainly flow in; upon Government implementing certaineconomic and labour reform policies resulting in ease of business by foreign and domesticinvestors. There is huge potential to invest in the infrastructure development programmeincluding roads bridges power generation etc. In short span of a year the Governmenthas been able to achieve the higher GDP growth rate at about 7.4% lowering the currentaccount deficit at 1.3% and also containing the inflation at 5.2% at CPI level andnegative inflation at WPI level. The present foreign exchange reserve with RBI is at alltime high at about 350 Billion US

Dollars but fear lingers on weakening of INR which is the single source of anxiety notonly for the nation but also for our company as we are heavily dependent on the import forour raw materials. The operational details have been covered in the Board Report and theanalytical aspects thereof will be dealt with by the Managing Director of the company ShriB. M. Bhansali through a separate statement forming part of this Annual Report.

However at the macro level I am happy to observe that your company is able totransform its business practice in conformity with the stringent requirement of highlydemanding MNC customers. Expansion and revamping of the plant facilities are the keyprograms the company has undertaken to implement which will not only contribute towardsbetter financial performance but establish your company as a manufacturer and supplier ofABS at par with global players in terms of quality and service deliverables.

To achieve this position your Managing Director Shri B. M. Bhansali and hismanagerial team has shown exemplary resilience to withstand all challenges in the past andestablish corporate leadership to transform the company by leveraging the growthopportunity to make it highly profitable company in the times to come. No less is acontribution of employees at all levels who have done their very best to enable thecompany to achieve the present position of strength which in times to come will be muchstronger in all respect.

With Best Wishes

M. C. Gupta

Chairman