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Shrenik Ltd.

BSE: 0 | NSE: SHRENIK |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE632X01030 | SECTOR: Miscellaneous

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Sep 23, 15:58
1.60 0.05 (3.23%)
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Annual Report

For Year :
2018

Chairman's Speech

Esteemed Stakeholders,

“Gratitude is the purest sentiment that arises from the human spirit and I, Shrenik Vimawala take this Annual Report (2017-2018) as a “Stage” to lay down my thankfulness to one and all associated with the Company. The attainment of every dreamt dream is an outcome of the eternal support we have received through our Suppliers, Employees, Customers, Bankers and the Shareholders of course! Here’s a heartfelt gratefulness to each and every stakeholder of the Company for all of their support with a hopefulness of us being at the receiving end of this support in the coming decades as well.

The Journey of the previous 365 days has been one of the most fulfilling ones resulting in the inception of transformation phase of the Company. In the Fifth Year of its Incorporation the Company came up with Initial Public Offering of Issue size amounting to Rs. 21,60,00,000/- and got its Equity Shares listed on the Emerge SME Platform of National Stock Exchange of India Limited as on 18th July, 2017. In the first four months of Listing, the Company stood first in the NIFTY SME EMERGE INDEX with the highest weightage of 9.50%. I sincerely thank all the shareholders for investing their “trust and faith” in the Company. Keeping the invested trust as the most treasured asset, I on behalf of the Company ensure to take this trust to the highest level possible in the coming years.

Apart from getting the Equity shares listed, the Company also added two new Companies in its Suppliers Portfolio which are Shah Pulp & Paper Mills Limited and N R Agarwal Industries Limited in terms of getting their distributorship. Aside from the new agencies received, the Company continues to serve Ballarpur Industries Limited, Tamilnadu Newsprint and Papers Limited and Asia Pulp and Paper (Indonesia & China) as their distributors. It is with the support of the suppliers that the Company can serve quality products to its customers on time. I once again express my gratitude towards every Supplierof the Company.

While suppliers guide our way in this Paper Journey, Customers deliver us the pleasant vibes of being in the Paper Industry now and forever. The customer satisfaction is our ultimate goal and we shall be persistent in our efforts in maintaining the top most level of customer satisfaction. I am thankful to each and every customer associated with the Company who lead us towards growth.

The growth phase, as we are experiencing currently, can hardly be running smoothly unless we are backed up with the Financial Assistance of all our Lending Institutes. Their assistance is and will be one of the most valued ones by the Company.

I would like to appreciate each and every employee of the Company for the efforts they put day in and day out for growth of the Company. Employees are the key to a Company’s success and I aspire for a growth that spreads across every Employee of the Company.

At the finishing portion of this report, I would like to share that it was truly written by Warren Bennis, “The Manager accepts the Status Quo, the Leader challenges it.” Being challenged in Life is unavoidable but winning over it is one of the options. There shall always be a room left, a scope left for improvement and growth, all we need to do is keep challenging ourselves to the new Limits and experience the fulfillment so derived.

Keep challenging you Limits!

With warm regards Sd/-

ShrenikVimawala

Chairman and Managing Director