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HOV Services Ltd.

BSE: 532761 Sector: IT
NSE: HOVS ISIN Code: INE596H01014
BSE 15:40 | 19 Feb 263.25 -10.20
(-3.73%)
OPEN

264.00

HIGH

272.40

LOW

263.00

NSE 15:43 | 19 Feb 265.25 -10.80
(-3.91%)
OPEN

276.25

HIGH

277.00

LOW

262.25

OPEN 264.00
PREVIOUS CLOSE 273.45
VOLUME 1883
52-Week high 396.60
52-Week low 133.70
P/E 258.09
Mkt Cap.(Rs cr) 330
Buy Price 264.60
Buy Qty 100.00
Sell Price 0.00
Sell Qty 0.00
OPEN 264.00
CLOSE 273.45
VOLUME 1883
52-Week high 396.60
52-Week low 133.70
P/E 258.09
Mkt Cap.(Rs cr) 330
Buy Price 264.60
Buy Qty 100.00
Sell Price 0.00
Sell Qty 0.00

HOV Services Ltd. (HOVS) - Chairman Speech

Company chairman speech

Dear Member

With great pleasure I welcome you to the 29th Annual General Meeting ofYour Company.

This past year have been both challenging and incredibly eventful for your Company.

On February 22 2017 the Board of Directors' of your Company sought approval onbusiness combination through postal ballot by way of special resolutions as stated inthe Notice of Postal Ballot dated March 8 2017. The voting results were declared on April8 2017 whereby the members' of the Company had approved the resolutions with requisitemajority of 99.999%.

And on July 12 2017 Exela Technologies Inc. ("Exela") (NASDAQ:XELA)(NASDAQ:XELAW) (NASDAQ:XELAU) had closed the previously announced business combinationwith SourceHOV Holdings Inc. ("SourceHOV") and Novitex Holdings Inc.("Novitex") to become one of the largest global providers of transactionprocessing and enterprise information management solutions serving over 3500 clientsincluding more than 60% of the Fortune 100 across more than 50 countries provideservices at nearly 1200 onsite client facilities and through approximately 150 deliverycenters strategically located throughout the Americas Europe and Asia.

Above all I am pleased to inform you that with the closure of above statedcombination your Company got more strengthened.

I am thankful to each one of you for showing trust and confidence in the management ofthe Company. By & large your Company's management is completely geared towardsaccomplishing new milestone diversifying Company's growth and enhancing shareholdersvalue.

I would like to acknowledge efforts made by each and every member of our HOVS familyfor their dedication towards work relentless efforts overcoming challenges and support.

Lastly on behalf of Company's Board of Directors will place on record sincere thanksto each and applicable Authorities and Regulators.

We look forward for continued support of all our shareholders' of the Company. Togetherwe can succeed!

Best regards and thank you all.

Sunil Rajadhyaksha

Chairman & Executive Director