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Sastasundar Ventures Ltd.

BSE: 533259 Sector: Financials
NSE: SASTASUNDR ISIN Code: INE019J01013
BSE LIVE 15:40 | 17 Aug 81.05 81.05
(%)
OPEN

82.00

HIGH

82.00

LOW

81.00

NSE 15:27 | 17 Aug 81.50 0.50
(0.62%)
OPEN

83.50

HIGH

83.50

LOW

81.00

OPEN 82.00
PREVIOUS CLOSE 0.00
VOLUME 665
52-Week high 154.30
52-Week low 43.20
P/E
Mkt Cap.(Rs cr) 258
Buy Price 81.05
Buy Qty 50.00
Sell Price 0.00
Sell Qty 0.00
OPEN 82.00
CLOSE 0.00
VOLUME 665
52-Week high 154.30
52-Week low 43.20
P/E
Mkt Cap.(Rs cr) 258
Buy Price 81.05
Buy Qty 50.00
Sell Price 0.00
Sell Qty 0.00

Sastasundar Ventures Ltd. (SASTASUNDR) - Chairman Speech

Company chairman speech

Dear Shareholders

Few years back we all decided that if we have to exist to do great business we need tosolve the problems of the people. And if we are here to solve the problems of the peoplewe decided to first solve the bigger problems.

We realised that more than a billion people in India do not have access to consistentaffordable healthcare in spite of having expertise in medicine and healthcare science. Werealised that this problem can be solved by digital connectivity. The idea ofSastaSundar.com was thus born and we started working on this.

As we went deep into this idea our conviction about this business got stronger by everyday. We decided to hive off broking and depository services business and focus on thebusiness of technology healthcare.

I see your pains looking at the continuous losses our company is reporting but I hopewe all understand that these losses are to build strong intangibles in terms oftechnology branding distribution network and customer experience.

As you are aware we have signed an agreement to transfer the brand Microsec and 100%shares of Microsec Capital Ltd (demerged entity) and the process of transfer is onsubject to regulatory approval. We have decided to change the name of our holding companyfrom Microsec Financial Services Ltd to SastaSundar Ventures Ltd subject to your approval.The Reserve Bank of India has stipulated that companies having net worth less than Rs.500crores shall not be treated as a systematic investment company. We are making anapplication in our holding company to be registered as a non-banking financial company tohold shares of our business entity and to support financing to our vendors using theplatform of SastaSundar.com.

The innovative model of our business lies in having cash carry business with technologyas its platform connected with a chain of retailers called Health Buddies with a strongportfolio of Digital First Brands.

This is an innovation which will solve one of the biggest problems of India and alsosolve the biggest problem of E-Commerce i.e. Customer Retention and Last Mile Logistic.

Foreseegame.com is our technology based Consumer Engagement Platform which issupporting the development of our own brands and other brands.

We are a technology healthcare company and aiding better health is our purpose.Everyday SastaSundar.com has the opportunity to make a positive impact on the lives ofmillions of people and help them on their path to better health.

The positioning and story lining of our brands have been given in this annual reportand I would request you to read those carefully.

B L Mittal

Chairman & Managing Director