SKM EGG PRODUCTS - AGM UPDATES

The twentieth AGM of company held today in Erode at 4.15 PM. About 70 shared holders participated in the event .

Key takeaways 

·        Management is optimistic about the present business environment and confident about the bright future of the company.

·        Company is planning to increase its production capacity from 7000 tons to 10000 tons

 using internal accruals.

·        Management discussed various  ways to expand capacity and reached some viable options  for the same . The final decision will be declared in near future once it get board approval.

·        Company expecting Rs.300 Cr turnover and better margin  in this FY  and  confident to reach Rs.500 Cr top line in two years.

·        At present major markets are Japan and EU Countries and company getting lot of enquiries from new markets like Russia,South Africa, Middle East ..etc 

·        Company completed almost all formalities for BSE listing and one certificate from its banker( SBI) is pending which is expected to receive in another 2-3 months .

Posted in: Investment Guru