From The Chairman's Desk
It has been nothing short of an eventful year. Your company made attempts to restartits broking business but failed and upon further introspection and studying the brokingindustry the Company's senior management has decided to exit the broking industry andcompany has decided to complete its surrender of the membership of the National StockExchange of India.
We always want to look ahead and push ourselves to reinvent and reinnovate. We tookthis opportunity to be introspective and realised our core strenghts. We do not see theserestrictions as a hurdle but an opportunity to explore new markets and new fields. Yourcompany is planning to enter the management consulting and fund syndication space. Webelieve that with over 50 years of combined management experience in the capital marketsand corporate space in India enable us to be competent in this field. Your company willalso lay the groundwork for SME and start up growth. We believe that new innovation isnecessary and a great driver for growth. We are also looking at acquisitions and mergersin many verticals to strengthen our core and unlock value for you the shareholder.
Your company has decided to book all the losses of broking business and venture intodifferent business through investments in subsidiaries company.
I assure you that 2014 -15will be nothing short of a spectacular year for your companyand for us as individuals.
Alka Securities Limited