With great privilege I am here to present the annual report of your company for thefinancial year 2020-21. This year our top line & bottom line have seen an encouragingincrease though small as the country's economy is seeing a little bit of rebound afterthe impact of COVID-19 pandemic. Due to various reasons like central government and stategovernment policy decisions transition and closing period of some ICT education and ITprojects and so on the business activities have seen some upturn but still a long way togo. The global COVID-19 pandemic and the economic fallout associated with this has dealta significant dent on the lives & livelihoods of fellow countrymen. You would bereassured to know that apart from the past FY even during these restrictive times yourcompany has continued to maintain its humane approach of doing business and has likealways exercised high degree of financial prudence. The company has also learnt valuablelessons in the most modern methods of coordination and planning which will continue tomake the organization more efficient going forward.
It is our immense pleasure to share this information to you that your Company'ssubsidiary CSL Infomedia Private Limited has signed an agreement with TataSky Limitedwhich is a leading DTH service provider in India and MXPLAYER a leading OTT platformacross the globe for carrying JAN TV on their respective platforms. We believe thatcoming together of these two exciting brands and services will take JAN TV to the millionplus viewers. Along with this the JAN TV channel is also available on Airtel DTH JIO TVand on other leading OTT platforms free of cost to any of their subscribers.
Like the previous FY your company has not resorted to any new loan from bankingfacility but continued maintain relatively very low levels of debt. The financial healthof your company has remained very satisfactory which can be judged from the variousfinancial ratios like Current Ratio Debt Equity Ratio & Debt Service Coverage Ratio
During this FY the IT and ITeS industry has started to recover albeit slowly. Butthese being essential for the digital revolution efforts both nationally andinternationally will see a rebound quite soon. We have been continuing to serve existingIT clients abroad and at State Government levels. Your company also looks forward toplaying an active role in the renewed push by Government of India for IT education inschools and colleges. The company has of course been successfully completing and handingover labs and facilities from continuing past ICT Education projects in Governmentschools. It is actively engaged with stakeholders at all levels and shall continue to bidfor upcoming suitable tenders that best suit its capacity and the interests of ourshareholders. During this FY the company has bagged three ICT projects worth Rs. 85.04Crores and as envisaged during last FY the company has ventured into Vocational Skillingand Training and has bagged a project worth Rs. 3.32 Crores during this FY under the aegisof Deen Dayal Upadhyay Grameen Kaushal Yojana (DDU-GKY) programme.
Our progress towards venturing into Hospitality sector (Hotel Industry) is good albeitaffected by back-to-back waves of COVID-19 pandemic. The civil construction work of afour-star Heritage Hotel has been completed however due to COVID-19 pandemic the work onfinishing got hampered thus delaying the completion of the project. Our team is workingclosely with world class brands and professionals look to carry out the finishing work ofthe same. Although the project was to be completed near completion by the end of 2020 butthere has been delay due to the lockdown and due to ongoing reworking of developmentplans according to new sentiments and challenges of the hospitality sector. The project ofcold chaining and commodity storage/trading segments have also got delayed due topandemic; however we remain committed to start the project implementation during thecoming FY 2021-22.
Dear shareholder you would also be glad to know that your company has same rate ofdividend in comparison to previous year as we would like our investors to be rewardedfor their continued faith in the company.
Under the CSR initiative your company has yet again been adorned with letter ofappreciation from Government of Rajasthan which is a matter of pride for all of us.
We look forward for continuing support & encouragement from all our stakeholdersbankers & government administration. I would like to place on record my sincerestgratitude for our respected shareholders directors stock exchanges and the entiremanagement team & staff members for their wholehearted cooperation.
Wishing good health and happiness to all.
|Surendra Kumar Surana |
|(Chairman Managing Director and CEO) |