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Arihant Superstructures Ltd.

BSE: 506194 Sector: Infrastructure
NSE: ARIHANTSUP ISIN Code: INE643K01018
BSE 00:00 | 06 Dec 186.45 -1.30
(-0.69%)
OPEN

187.00

HIGH

189.75

LOW

184.70

NSE 00:00 | 06 Dec 186.90 -0.05
(-0.03%)
OPEN

192.90

HIGH

192.90

LOW

185.00

OPEN 187.00
PREVIOUS CLOSE 187.75
VOLUME 69451
52-Week high 196.75
52-Week low 26.55
P/E 27.62
Mkt Cap.(Rs cr) 767
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 187.00
CLOSE 187.75
VOLUME 69451
52-Week high 196.75
52-Week low 26.55
P/E 27.62
Mkt Cap.(Rs cr) 767
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Arihant Superstructures Ltd. (ARIHANTSUP) - Chairman Speech

Company chairman speech

Dear Shareholders

The Company and its Board believes that the Housing Sector is poised for an upwardjourney after years of slowdown from 2016 till June 2020. Demonetization implementationof RERA GST reforms financial/NBFC crisis and lastly the Covid-19 were the keycontributors to the slow down. The company with its proven strategy focused on operationskept the construction of projects going & delivering possessions year on year duringthe 2017-20 period. The Company serviced all secured debt in time and repayment (and insome cases prepayment) gaining credibility among the lenders and financial institutions.

With thoughtful strategies and efficient execution the company managed to surpass allits past numbers from top line to bottom line in financial year ending March 2021. At thesame time it reduced the total debt by INR 91 Crores and average rate from 14.42% to11.56% per annum.

The Company is very bullish on this trend of increased demand due to one of the bestaffordability which in turn is a result of an all-time low interest rates in the historyof the country. The central and state government has realized the need to support the realestate sector to boost the economy and the sector did not disappoint. This has furtherhelped the increase in sales momentum. Few key trends are strongly emerging. Firstlydespite uncertainties surrounding employment landscape the housing demand has in factincreased for bigger homes due to Covid-19 and work from home culture. The second isconsolidation of small developers at a rapid pace & the organized reputed developersare gaining larger market share every passing day. The company intends to increase thetotal portfolio from 9.5 million square feet on board with approved plans to 20 millionsquare feet going ahead by way of acquisition of new land parcels for affordable housingprojects on outright basis as well as asset light model or joint venture for middle income& higher income group projects. The acquisition is proposed to be done by internalcash flows & raising of funds by equity expansion in near future. The key identifiedexpansion markets are fast moving markets like Navi Mumbai Panvel Kalyan DombivaliBadlapur and other locations offering similar proposition. The company intends to achieveup to 10% of the total revenue through development management fees for a few selectprojects.

For the scalability to successfully happen the company appointed KPMG in 2018 tostreamline its SOP across all verticals. We have implemented many of the proposals andcontinuously strive to better our systems and processes.

The team & employees have appreciated the HR policies adopted by the company duringthe Covid lockdown and are highly motivated which is reflected in the Company'sperformance. We are happy to be an employer of choice for such performance team. Thecurrent overall employee strength of the company stands at 291 as of 31st March 2021.

The company aims to increase multifold & consistently deliver CAGR across businessdevelopment sales collections construction and possessions in the years ahead. Thecompany is scheduled to do record new launches of 7 new projects / phases in 2021-22. Thecompany has performed progressively in the second third and fourth quarters of FY21 andQ1FY22. The company has set an ambitious target of doubling the total revenue potentialfrom its projects and new acquisitions.

The Company shall work towards wealth creation for each shareholder and continue tohold leadership position in Navi Mumbai (Maharashtra) & Jodhpur (Rajasthan) withcustomer satisfaction and corporate governance as top line ethos.

We at Arihant family would like to thank all our stakeholders' right from vendorsbankers and lenders contractors employees customers and shareholders who continued toencourage us to achieve the best. We are blessed to be in a unique position to benefitfrom the coming upsurge in the real estate sector and we look forward to leading thisrally from the front with all your best wishes.

Ashok Chhajer

Chairman & Managing Director Arihant Superstructures Limited

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