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EKI Energy Services Ltd.

BSE: 543284 Sector: Others
NSE: N.A. ISIN Code: INE0CPR01018
BSE 00:00 | 25 Nov 1427.90 4.80
(0.34%)
OPEN

1430.00

HIGH

1447.40

LOW

1424.00

NSE 05:30 | 01 Jan EKI Energy Services Ltd
OPEN 1430.00
PREVIOUS CLOSE 1423.10
VOLUME 31604
52-Week high 3149.99
52-Week low 1203.76
P/E 8.37
Mkt Cap.(Rs cr) 3,927
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1430.00
CLOSE 1423.10
VOLUME 31604
52-Week high 3149.99
52-Week low 1203.76
P/E 8.37
Mkt Cap.(Rs cr) 3,927
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

EKI Energy Services Ltd. (EKIENERGY) - Chairman Speech

Company chairman speech

Dear Stakeholders

Eleanor Roosevelt (the First Lady of United States 1933-1945) oncesaid "The future belongs to those who believe in the beauty of theirdreams". For EKI this saying was our foundation stone back in 2008 when we setout to give wings to the dream of restoring the planet and making it greener and safer. Webelieved in a future where life on Earth thrives and the planet itself is protected fromclimate change.

Today 14 years later we can proudly say that we surely are in thefuture that we had dreamt for ourselves back then a future where we have enabledsignificant climate action with our efforts. In doing so we have championed strategicsolutions that directly aide in the reduction / absorption of harmful emissions from theatmosphere.

Over the years we have also consolidated our leadership position inthe global Carbon Credit Markets. Today we are amongst the top five carbon assetmanagement companies in the world and are growing fast to achieve newer heights. None ofthese accomplishments would have been possible without the support of the amazing you allour stakeholders including shareholders clients employees and others.

With your support we have joined the global rigor for climate actionwith our strong efforts and continued commitment to offer best-in-class consultancy andadvisory services for carbon asset management to companies across the world. As the marketevolves further and countries come together in great unison to help revive the planet withtheir net-zero commitments we are super proud to have you all onboard with us as we steerahead for newer achievements.

FY 21-22 has been one of the best years for us. We flagged of the yearwith our BSE listing and creating history in the climate industry by becoming the firstand only carbon asset management company in the world that is listed at the StockExchange. We witnessed a stellar performance on BSE and our IPO was oversubscribed by-3.66 times. This year we also had a strong business momentum driven by higher demandwhich resulted in our revenue growth by 844% EBITDA by 1937% and PAT by 1951%. This iskudos to the efforts and consistent persistence of team EKI and each of you.

Today we contribute to about 85% to 90% of the total carbon creditexports from India. As on date we have mobilized 180+ million credits 87 million of whichwere done in the last year alone and through these credits we enabled businesses globallyto reduce their carbon footprint and also earn additional revenues through the carboncredits.

In the last quarter of the year the carbon market witnessed undercurrents of the Russia-Ukraine war. The market is slowly gaining traction and is expectedto witness growth opportunities from the second quarter of FY 22-23. COP26 had set thepace for this as it fast-tracked the implementation of Article 6. COP27 is expected tofurther operationalize Article 6.2 and 6.4 and this will bring increased cohesion in themarket.

We are now championing the development of credits and backwardintegration of the supply chain through carbon reduction projects that have dual abilitiesof nature restoration and community development. Our green cooking project for examplereplaces traditional mud/three stone cook stoves in rural homes with Improved Cook Stoves(ICS) empowering homes and lives with a cleaner safer cooking alternative while enablingclimate action through the fuel and energy efficient cook stoves. Our focus on Naturebased Solutions is yet another example where we ensure the development of an ecosystemwhere both nature and community resilience are enhanced through our initiatives. In thisquest to harness the power of nature to restore the planet through the conservation ofnature and community upliftment; we have also joined hands with Shell OverseasInvestments B.V (The Netherlands). Today we are a leading developer and supplier ofcarbon credits in the world.

With carbon sustainability advisory services for a wide range ofprojects like bio-methanation renewable power waste management energy efficiency andwater purification we have established our presence in about 15 countries and entered newmarkets like Dubai Switzerland amongst others. In the last 18 months we have alsostarted to generate businesses from countries like Turkey Brazil Kenya Bangladesh SriLanka Indonesia and others. We are fast expanding into other developed markets likeGermany U.S.A Australia & others. We expect our business operations in countrieslike Latin America and Africa to grow in the next 12 to 18 months as we expand our globalpresence to 40+ countries within the same time period. Team EKI has also grown to become a200+ strong team of climate experts. We continue to attract and onboard best talent wholike us are equally passionate about climate.

As the market continues to evolve and propel ahead towards significantgrowth over the next few years we continue to consistently identify projects that helpreduce carbon emissions protect biodiversity and deliver measurable benefits alignedwith the aims of the Kyoto Protocol Paris Agreement and the UN Sustainable DevelopmentGoals. Even as we steer towards this we want to propagate the thought that climateprotection and economic progress are intrinsically interlinked and can go hand in hand.

Your continued support has helped us immensely in this journey. In theyear ahead we aim to maximize the return on your investments through cutting edgesustainable projects and by expanding our customer base. We also plan to increase ourfocus on community development projects and nature based solutions.

With more and more countries committing to work towards a future of netzero emissions businesses around the world are increasingly aiming for carbon neutrality.We are well placed to tap this growing potential a comprehensive bouquet of strategicsolutions. We are working towards new business avenues like waste management EV greenmetallurgy and green hydrogen which can help fast track the stride to a green poweredfuture. Acquisitions / partnerships are also expected to play a bigger role in our newgrowth avenues in global carbon asset management.

At EKI we continue to dream. A dream where the future is greener andthe planet is protected. We know though this may seem distant we know we are all headingto a future where this dream will come true. With an ardent desire to help the planet totransition to a net-zero future we continue to work towards steering this journey with adream to make the impossible possible and make the planet net-zero.

With you all as our patron on this journey and your continued supportwe know that this future will be here sooner than we assume and we can all together leavebehind a safer planet for all our generations to come.

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