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05-September-2014

Chairman’s Speech Delivered by Dr. Rikhab C. Jain on the occasion of 35th Annual General Meeting of T. T. Limited held on Wednesday 3rd September, 2014 at Talkatora Indoor Stadium, New Delhi.

In the year under review 2013-14, Company has achieved turnover of Rs.743 Crores against 502 Crores during the preceding year. Profit after tax has been about Rs.9.00 Crores. Board has recommended dividend @10% and will be paid very soon.

Your Board has already decided to put up another Spinning Unit of 25000 Spindles at Rajula, Gujarat to be commenced in 2017.

I am happy to share news that your Company has been awarded “Silver Trophy” for the Second Highest Exports of yarn from India to be delivered by the Cotton Textiles Export Promotion Council of India. Your Company missed first place by few crores only. The Textile Minister shall be awarding us the trophy on 12th September, 2014 in Mumbai. With your good wishes, next year Company would get first place amongst yarn exporters from India.

This has been achieved due patronage of our Customers spread across 62 countries. We are now targeting to 100 countries to sell our yarn. In the current year, your Company is likely to touch a turnover of Rs.1000 Crore mark.

Your Company has been awarded with the prestigious “India’s Small Giants Award” by honourable cabinet minister for MSME Shri Kalraj Mishra. The same was awarded in a glittering ceremony in Delhi on July 11th evening. The Indian Small Giants Award has been constituted by India SME Forum and NDTV Profit.

Around 1500 share holders were present in the meeting.

Company has also been awarded for second consecutive year “Top 100 SME Award for 2014”. Company has been selected “TOP 100 SME of the country out of 70000 nominations received.

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