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Arshiya Ltd.

BSE: 506074 Sector: Others
NSE: ARSHIYA ISIN Code: INE968D01022
BSE 00:00 | 23 May 21.10 -0.80
(-3.65%)
OPEN

22.45

HIGH

22.50

LOW

20.85

NSE 00:00 | 23 May 21.00 -1.00
(-4.55%)
OPEN

22.50

HIGH

22.50

LOW

20.85

OPEN 22.45
PREVIOUS CLOSE 21.90
VOLUME 15910
52-Week high 39.44
52-Week low 18.85
P/E
Mkt Cap.(Rs cr) 553
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 22.45
CLOSE 21.90
VOLUME 15910
52-Week high 39.44
52-Week low 18.85
P/E
Mkt Cap.(Rs cr) 553
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Arshiya Ltd. (ARSHIYA) - Chairman Speech

Company chairman speech

" We at 'Arshiya' have always been unique in our business strategies and ourapproaches which has been proven to be ahead of time."

1 hope you and your family are safe and healthy in these difficult times of COVID -19pandemic. Undoubtedly previous year has been a great economic and resilience test -however your Company has managed to maintain the sustainable growth and its monopolisticpresence.

Your Company was the first to introduce India's first Free Trade and Warehousing Zone(FTWZ) in Panvel. We at 'Arshiya' have been always unique in our business strategies andour approaches which has been proven to be ahead of time. Your Company has providedforemost integrated supply chain and logistics infrastructure solutions. As the Companyfalls under the premise of the SEZ law the FTWZs offers' immense benefits to thecompanies with import export and trading activities out of India. The FTWZs allowsflexibility towards end-distribution through duty deferment higher inventory visibilityreduced buffer stocks and overall lower product costs enabling flexible and hassle-freere-export in addition to other advantages.

The previous year due to the continued impact of the Covid-19 pandemic resulted instagnant economic performance foreign exchange rate fluctuations and a downturn in somesectors globally and have posed challenges to economic growth.

Your Company generated operating revenues of Rs. 220.64 Crores in financial year2020-21. I am happy to announce the completion of construction of Warehouse no 7 in theprevious financial year wherein your Company has been associated with Ascendas (nowCapitaLand) which Is a globally prominent infrastructure / real estate investor. We havealready taken a step ahead and Initiated the due diligence for the commencement ofconstruction of warehouse 8 in coming financial year.

With our perseverance your company under its wholly owned subsidiary Arshiya NorthernFTWZ Limited having Free trade warehousing zone (FTWZ) at Khurja (Uttar Pradesh) has beendeclared as Multi Purpose SEZ in March 2021. This will increase the suite of servicesprovided by Arshiya Group to include manufacturing (i.e. assembly of mobile telephoneother electronics devices and Defence sector for availing off-set benefits) services alongwith FTWZ services already offered to our customers.

Given the Governments push toward an Atmanirbhar India (PLI scheme) as well as a globalpush of multinationals to have a 'China - Plus One' strategy the Company sees this as astrategic foray into offering assembly-like manufacturing services to Global MarqueeClients in multiple sectors.

Your Company has moved a similar application for conversion of Arshiya Panvel FTWZServices Private Limited has also been made to be declared as a Multi-Purpose SEZ.

Arshiya's FTWZ has developed a huge interest from Global & Indian business housesthat shall enable them to leverage India's cost and skill arbitrage and be able to tapinto India's market potential with far more ease and efficiency.

Your Company has been very focussed we expect that advanced economies will recoverfaster supported by fiscal stimulus and vaccination mechanisms. Industries have seenvaried impact for continuity of operations supply chains and consumer demand.

Your Company's customer base has been always geographically diversified as we operateon a pan India basis. This mitigates risks arising from geopolitical and currencyvolatility to a certain degree also as a key achievement has been making Its presence Inthe ‘Defence sector' which Is very niche sector to be part of.

During the past year amidst travel restrictions and lock- downs instituted by variousgovernments across geographies your Company ensured safety and wellbeing of all itsemployees and facilitated a seamless transition for employees to work from homesupported with processes and tools for remote working communication and collaboration.

The strategic diversification seamless continuity of delivery and operations andinvestments in improving offerings and sales enabled the Company to increase operatingrevenue in a year which is part of the annual reports where the global economy wascontracting.

In the year ahead your Company intends to energise the business development functionby inducting professionals resulting in a steady warehouse build and fill-out. Debtreduction is another item high on the management agenda. In a post GST era and armed withour new multi-purpose SEZ approval we intend to target new addressable markets such ase-commerce and assembly style manufacturing. Data Centres is a medium-term growth agenda.We hope all the above actions will generate good shareholder value and make your Company aforce to reckon with in the high potential niche business areas of scaled warehousing anddata centres.

I would like to extend my gratitude to our management team staff and businessassociates for their contribution and commitment towards Arshiya Group.

I take this opportunity to also record my appreciation for my fellow directors forguiding the Company amidst this challenging operating environment. We recognize thedifficult period that the entire economy has witnessed in the past few quarters and thepredominance of individual retail investors in our investor base.

Last but not least on behalf of the entire Board of Directors and the management teamI would like to thank you for your continued trust guidance and support.

AJayS Mittal

Chairman and Managing Director

.