Technofab Engineerin Chairman Speech

Chairman’s Message

Dear Members,

It gives me a great pleasure to welcome you all to the Forty Seventh Annual General Meeting of Technofab Engineering Limited. On behalf of Technofab Engineering''s Board of Directors, I thank each one of you for joining us.

I take this opportunity to brief you about your Company''s performance amongst other things.

Amid the positive macro environment, and led by our continuing efforts, your Company''s operating results for FY18 have shown a distinct improvement over the previous years during which, the Company has had to deal with a stressful economic environment. This year''s performance has reinforced our belief that your Company has what it takes to successfully deliver both top line and bottom line growth.

Needless to say, there are constraints related to the nature of the Company''s business, but given the substantial order backlog and good L1 position, we expect this growth trend to continue in the coming years. Going forward, your Company will continue to focus on its core strength of efficient project management of Turnkey Engineering, Procurement and Construction projects in the water, electrical and industrial sectors both in India and Overseas and at the same time effectively managing working capital cycles.

I would also like to thank all stakeholders, including our vendors, customers, bankers, financial institutions, Central and State government bodies, foreign Government, dealers, business associates, for their continued trust and support.

Sincerely,

Avinash C Gupta

Chairman