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Apollo Sindoori Hotels Ltd.

BSE: 532752 Sector: Services
NSE: APOLSINHOT ISIN Code: INE451F01024
BSE 05:30 | 01 Jan Apollo Sindoori Hotels Ltd
NSE 00:00 | 15 Nov 739.50 -73.95
(-9.09%)
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Apollo Sindoori Hotels Ltd. (APOLSINHOT) - Chairman Speech

Company chairman speech

It gives me an immense pleasure to welcome you at the 20th Annual General Meeting andto place before you the

Annual Report of your Company for the financial year 2017-18. I am delighted to informthat Apollo Sindoori Hotels

Limited continued to pursue our focused strategy which delivered a sustainable growthand returns for shareholders. We remained committed to our vision to be the mostsuccessful organization in the Food Service Industry.

The Annual Report for the year ended 31st March 2018 along with AGM Notice Directors'report and the Audited Financials of the company have already been circulated to you. Withyour permission I take them as read. We have tried our best to show consistentperformance during the years despite increase in raw material prices and minimum wages toemployees.

In a challenging external environment your company performed well and deliveredanother year of consistent competitive and responsible growth. During the year theCompany recorded sales of Rs. 140 crores as compared to previous year which is 132 Crores.EBITA for 2017-18 10.25 Crores as compared to 10.45 Crores for FY 2016-17 and Exceptionalitems were recorded for Rs. 80 Lakhs during the FY 2017-18. PAT increase profit to Rs.7.02 Crores as compared to profit of Rs. 6.7 Crores for the last financial year.

Business Initiatives:-

• Instant Feedback system was implemented successfully across all our unitsthrough which now we are to monitor customer's feedback and take remedial action toimprove the customer service.

• Focusing on marketing to increase the brand value by participating in conference& exhibitions like. Consortium of Accredited Healthcare Organisation (CAHOCON)

• We are exploring new projects with Alliance Tire Group Hindustan AeronauticalLimited National Institute of Fashion Technologies Bangalore.

• We are also in the process of exploring more business opportunities acrossvarious sectors to spread our business wings PAN India.

I wish to place on record the deep appreciation of the valuable contribution of theentire management team and other employees at all levels without which the progressachieved would have been unattainable. We have a proven track record of success and webelieve we are well positioned to capitalize on the growth opportunities in front of us. Iam energized by the opportunity ahead as we look to become the number-one HospitalityCompany.

We remain committed to you our shareholders and thank you for your continuedconfidence and support.

I acknowledge the valuable guidance support and co-operation received from theDirectors on the Board of the Company and thankful to the Banks.

With Warm Regards
Chairman