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Vishal Bearings Ltd.

BSE Live

Jul 03, 15:40
26.15 -1.35 (-4.91%)
Volume
No Data Available
3,375
  • Prev. Close

    27.50

  • Open Price

    26.15

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    27.50 (6750)

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Vishal Bearings is not listed on NSE

Annual Report

For Year :
2018

Chairman's Speech

Dear shareholders,

It is truly a proud moment for us to meet after a year of fantastic achievements. The reflect the strength and vitality of our company’s products and brands.

It is a great honour and privilege for me to preside over the 27th Annual General Meeting of your Company and on behalf of the Board of Directors, I welcome you all to this special occasion. I thank you all for making it convenient to attend the meeting and for your continued support and goodwill, which is essential for the success of your Company.

At VBL, we truly believe that a satisfied customer is the best business strategy of all. Because, in their success lies our sustenance. We recognize the fact that it is the most difficult path to tread - for customer satisfaction is relative; as there can be no real measure for the intangible. Moreover, customer satisfaction is a dynamic parameter, it changes between customers and for the same customer, it changes between time periods. Despite these realities, we continue to stay focused on this course, for when a customer expresses satisfaction, it provides us with energy to achieve more.

Our company’s performance in the last fiscal illustrates the opportunities and challenges facing our industry. The phenomenal impact that climate issues are having on businesses around the world is creating exciting and viable new opportunities.

During the year 2017-18, your Company continued to implement mission driven strategies by efficiently implementing the projects and continuing to invest in technology, infrastructure and talent, which are the critical inputs for the future of your Company.

Your Company’s management has always been willing to take that extra step for maximizing shareholders’ return. The Board of Directors of your Company has recommended an Interim dividend of Re. 0.50 per equity share paid in December 20, 2017 for the financial year 2017-18.

Our People are our greatest assets. I thank the respective teams across the Company for their diligence and dedication and look forward to the achievement of greater goals.

In our journey, the members of the Board have been a great source of strength and support. I thank them sincerely for their active involvement, support and guidance to the Company’s Management Team and to me personally.

Thank you for your support for over last 27 years and we hope you continue your association with us forever.

Best Wishes,

Hiralal Changela

Chairman