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30tr September 2016

Dy. General Manager (Corporatc Rdation llept.)

The Bombay Stock Exchange Ltd.,
l" Floor, New Trading Ring, Rofirnda Bldg,
P. J. Towers, Dalal Streeq Fort,
MUMBAT-4mO0r.
Dear Sir,
Please find enclosed herewith Chairman Speech
September,2A16.

fqr Annual General Meeting held on

30&

Kindly take note ofthe same.

Thanking you
Yours faithfullv

FIBERWEB (INDIA) LIMITED

CSAIRMAN & MANAGING DIRECTOR

Encl: As above

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E.mail fibennebdaman@yahoo.com

Mumbai

:"KIRAN"GroundFloor,l2SBhaudaiiRoad,Matunga(E),Mumbai400019.

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CHAIRMAN SPEECH FOR AGM: 30/09/2016

Dear Shareholders,

I have great pleasur"e in welcoming you all to the 31't Annual General Meeting of

your company, on behalf of the Board of Directors of the company.

Company has Major Breakthrough as Company developed very advance products.

you Shareholders will be pleased to know that after long and hard work of entire

team of our Research & Development Technicians your Company has achieved
Major Breakthrough and developed very advance products.

As you are aware that along with the constant Research

& Development work

Quality has been prime criteria for which your Company is known in the U.S.A.

Market. Your Company's Quality Philosophy is exemplary as

it is an ISO

9001:2008, ISO 14m1:2004 OHSAS 18001:2007 and OEKO-TEX standard 100

Company.

The Company during the year April 2015

turnover of

Rs.

to March 2016, achieved a total

sales

6500 lacs resulting in a net profit of Rs.710.41 lacs, including extra-

ordinary items.

Contd..2/Regd. Office : Air Port Road, Kadaiya, Nani Daman, (U.T.) 396 210.

&Works Phone:91 260222145U1858/0766,Fax:2220758.

E-mail : libenryebdaman@yahoo.com
Mumbai

: "KIRAN" Ground Floor, 128 Bhaudaji Road, Matunga (E), Mumbai4O0 Olg.

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:2:

ln recognition of the efforts in the export field, the Company has been accorded

the status of

STAR IXPORT HOUSE. The company has been able

to secure

prestigious Export orders. The order book of the Company is very healthy and
upto 31't March 2AL7 it is fully booked.

Our company is a tOO% Export Oriented Unit. The products of the company come

under TechnicaUTextile category. There is substantial increase in demand for the

products of the Company and flow of orders. ln view of the increasing demand,

the company proposes to enlarge the manufacturing activities by addition of

enhanced capacity. The company will take up expansion programme soon.

The U.S.A. is a very competitive market and get supply from all over the world
including Local manufacturers. Our team has been able to procure the orders due

to our innovative products.

There is good advantage in getting order for

converted products as against traditional rolled goods. The constant Research

and Development in this field has given your Company better price and bulk
orders.

Contd..3/-

:3:
We are very pleased to announce that our Company's Balance Sheet now has
become very positive, for updation to our shareholders that last year March 2016
in Companies Balance Sheet the net worth was negative with accumulated loss of
Rs.92.28 crores. ln last quarter the Company made some structured deal

with its

creditors and successfully convinced them for settling their dues. The Company
has written back their dues for which Company had already made provisions in
past years

totalworth to Rs. 103.62 crores.

Because of this impact in the Company's Balance Sheet

the net worth becomes

positive Rs. 59.80 crores. This is very much positive for Management to represent

the Company everywhere. Now the Company has very strong balance sheet for
banking and finance purpose. The Company has better standing in Global market

with its business partners.

The Company became a profit making unit after several years. For last 3

to

years, upto March 2015 Company felt very hard time due to Global Recession in

foreign market. ln the last

|'h

years, the

top Management has vouched that

Company must turn around, and all efforts were made in that direction which
have yielded its

fruits. This was entirely due to timely purchase of raw material

from World renowned manufacturer, EXXON MOBIL, on a regular basis.

Contd..4/-

:4:
The machinery manufacturer, Reifenhauser supported the Company technically
all throughout the difficult period. All this resulted in the Company turning the

corner and proving the best exarnple of a debt free Compsny, from a 138 crore

debt to various creditors, financial institutions, Banks and unsecured creditors.

The Company has negotiated with all creditors and settled thern on very
favourable terms and

All this resulted

i.n

paid. The Company has no debt as on 30.06.2016.

the Company turning the corner and proving the best example

of a debt free Compshy, from a 138 crore debt to various creditors. You will be
pleased

to note that the current year has been very successful for the Company.

Normally, the first quarter is dull and last year there was a small loss against
which the Company made a profit of Rs.2.32 crores. ln the present quarter and
balance year, we hope

to make a good progress and better profits, compared to

last year.

thank our entire staff including our Technical, Quality Control and Research and

Development teams for their hard work. We also thank Financial lnstitutions and
Banks for their

support. And Most lmportant, I thank you all our shareholders for

your loyalty and support given to the Company.

Thankyou, N

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CHAIRMAN