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Allied Digital Services Ltd.

BSE: 532875 Sector: IT
NSE: ADSL ISIN Code: INE102I01027
BSE LIVE 15:57 | 08 Dec 33.50 0.20
(0.60%)
OPEN

33.70

HIGH

34.20

LOW

33.00

NSE LIVE 15:31 | 08 Dec 33.55 0.30
(0.90%)
OPEN

33.80

HIGH

34.45

LOW

32.90

OPEN 33.70
PREVIOUS CLOSE 33.30
VOLUME 18919
52-Week high 64.80
52-Week low 25.85
P/E 59.82
Mkt Cap.(Rs cr) 181.64
Buy Price 0.00
Buy Qty 0.00
Sell Price 33.50
Sell Qty 180.00
OPEN 33.70
CLOSE 33.30
VOLUME 18919
52-Week high 64.80
52-Week low 25.85
P/E 59.82
Mkt Cap.(Rs cr) 181.64
Buy Price 0.00
Buy Qty 0.00
Sell Price 33.50
Sell Qty 180.00

Allied Digital Services Ltd. (ADSL) - Chairman Speech

Company chairman speech

Mr. Nitin Shah

On behalf of Allied Digital Services Limited I welcome you all at this function of 9thAnnual General Meeting. The challenging economic environment globally with the strongripple effect on the domestic front and the economic meltdown affecting all industries andpeople across the board and many companies. Dearth of quality projects topped by liquiditydraught and palpable strain on the margin and payments left many companies reeling undersevere pressure. Your beloved company did not compromise on its now fabled high businessprudence moral ethics and continuous adaptation and research on technology up gradationand weathered all adverse situations to emerge as a Market leader and Winners in the CitySurveillance & Smart Cities.

GLOBAL MARKET:

A strong wind of global recession leaving a crippling effect on the economic growth andprosperity of the human beings. This pan global atmosphere is directly interfering andposing a positive threat to further technological innovations and implementations. ManyIndian companies however by default have emerged as a prominent global players. It maybe heartening to all of you to be enlightened with the fact that your company has emergedas a very strategic global player with its conspicuous growing global presence in moredeveloped economies. There is more a reason to cheer and look forward and assume this newrole aggressively in the light of the fact that the company has strived too hard tonurture and develop its workforce and which is the USP of your company to corneropportunities. The company has efficiently and profitably utilized the rapid transition inthe IT Technology to newer way of computing prominent one of which is "CloudTechnology in the virtual environment" which proved itself to come handy and acropper to reap the benefit in the ever growing IT Infrastructure business. Continuous inHouse Research and Development in exploring and adding value to the latest IT buzzterminologies like Internet of Things (IoT's] Big Data Analytics Social Media andsecurity et.al. has placed your company to an enviable position compared to its peersglobally. I assure you that your company is now ready to be in the Driver's seat andcommitted to scale the newer heights to secure the position of the company to a veryrespectable position.

Indian Market:

Business scenario in India has grown increasingly tougher in last couple of yearsprecisely for the onset of rising interest rates regimen from financing institutionsmainly banks sluggish market pressure on margin et. al. leaving a choking effect on theoverall business prospect. However New Central Govt." Make in India" initiativehas pumped in much needed timely supply of oxygen aiming to create "DigitalIndia". Refreshing novel ideas of concepts like "Smart City" Automatione-governance etc. and other Real Time initiatives has promised to create a vast space forIT Infrastructure companies like us evidenced from the increase in number of businessenquiries. Plethora of never before opportunities is knocking the doors which can betranslated into a very sustainable profitable business.

Allied Digital Services Limited:

Your company is fully geared up to reap the benefit of the opportunities thrown open bythe " Make in India" initiative of the new Govt. We consider it as a majorparadigm shift from the hitherto prevalent business scene available to the ITinfrastructure companies operating in India and ready to grab benefits of such initiative.Rapid transformation of the company over last three years has placed the company in aposition to encash all the opportunities thrown open by the "Digital India"initiative of the Govt. To begin with the company has successfully bagged the most iconicRs. 224 crores worth project Pune City Surveillance Project which is first of the Govtinitiative in Smart City. We take this august forum to happily announce that the Projectentailing installation and activation of 1400 Hi-tech Cameras has since been successfullycompleted and inaugurated by the Hon'ble Chief Minister of Maharastra Shri DevendraFadnavis. The robust Digital Backbone across 640 sq. kms. Of area of Pune Pimpri andChinchwad area along with GIS GPS and Intelligent Actionable Video Analytics Software arethe key highlights of this project. Central Command and Control Centre at Commissioner ofPune Police Office is fully operational 24x7 and the Police Dept finding it extremelyhandy and useful to unravel and solve crimes in the city. This opens the much cherishedflood gates to implement more "smart City" projects across Pan India. In thekind words of the Hon'ble Chief Minister Shri Devendra Fadnavis this project fulfillsthe stringent benchmark of International standard.

Buoyed by the success stories in India Your beloved company has been doing very wellinto International Arena and receiving major contracts in USA UK Europe Middle Eastand African markets. More viable business enquiries are on the pipeline. It will not be anexaggerated statement to put in place that your company has carved a niche in the ITInfrastructure domain and poised to take a giant leap forward to take this company whichwas created out of the sweat and blood of your Promoters to a newer height.

In recognition to the milestone achievements it is raining various accolades to yourcompany. The company has bagged "Best Smart City Surveillance Project of thecountry" Award by Elets Technomedia Best Managed Service Provider Globally Award byLANDESK for the third consecutive year. Your Chairman was awarded the "Entrepreneurof the Year in Service Business Security 2015" by Entrepreneur India. These are theprominent ones in the long list of Awards.

I conclude with a promise that as a Chairman and Managing Director of the company andmy team is poised to take your company to the new height of glory and pride. I promisethat you will invariably take immense pride in announcing that you are the privilegedshare holder of Allied Digital Services Limited.

With Best Wishes

NITINSHAH

CHAIRMAN & MANAGING DIRECTOR

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