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companylogoKanani Industries Ltd

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BSE Code : 506184 | NSE Symbol : KANANIIND | ISIN : INE879E01037 | Industry : Diamond Cutting / Jewellery |


Chairman's Speech

Dear Shareholders,

It is our privilege to write to you and present the Annual Report for FY21.

These are challenging times, and I hope you and all other members of your family are safe and in good health.

India's diamond industry witnessed one of its most challenging years during FY 21 with declining sales figures vis-a-vis the previous few years owing to weak domestic demand and falling exports.

We would like to assure the shareholders that your Company has taken every step to ensure safety of the employees and the community We have established world-class safety measures and preventive protocols at all locations. We are taking employees health and safety as the number one priority during the lockdown, unlock and ramp up period.

The world and certainly India has seen significant change - various lockdowns and unlocks continued due to the COVID-19 pandemic. However, slowly but surely, we are trying to come back to what would be the new normal. The impact that this pandemic has had on our lives and livelihoods - right from reduction in GDP to employment uncertainties to supply chain disruptions - would take significant time to undo.

Our performance- We recorded revenues of Rs.77.16 Crores and EBITDA of Rs.52.51 Lacs during the FY 21.

Significant cost control measures, focus on exports helped the Company to improve the operating EBITDA margin during the year under review in spite of lockdown.

Ws express our sincere thanks to all our Customers, Suppliers, Shareholders, Employees, Bankers, Auditors for their continued support in these difficult times.

STAYSAFE

Chairman, Whole-Time Director

   

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