SPEECH OF CHAIRMAN AT 28TH AGM HELD ON 29/09/2018

Dear Shareholders,

I am thankful to all shareholders of the company for giving whole hearted support and trusting the Board of directors to diversify the activities of the company.

Your Company has achieved a turn over of Rs. 293 lakhs in the year 2017-18 i.e. a growth of the 1139 % from the year 2016-17 and has earned a profit of Rs. 41.77 lakhs in the year 2017-18 which has turned the negative EPS to Positive and Net Worth of your company has also become positive and there is a turnaround of the company.

In the Current year 2018-19 your company has projected 75% to 100% growth in Turn over and EPS also likely to jump double fold baring any circumstances effected.

Our Products are food based and we anticipate high profit and robust growth in the current year and years to come.

By visualisation and looking to the trend of future growth and planning, foresight, and support of all the employers, stakeholders, and Board of Directors we were able to overcome various challenges to achieve better growth, diversity and profitability.

Shortly we will back on dividend paying list.

And this will help the shareholders to fetch the appreciation of their investment.

I thank all employees, suppliers, bankers, and anyone who have directly or indirectly supported the company for growth and we expect the same cooperation in future also.

KUMAR SHAH
CHAIRMAN

BSE SCRIPT NO :-523782


MITSHI INDIA LTD