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Firstobject Technologies Ltd.

BSE: 532379 Sector: IT
NSE: N.A. ISIN Code: INE683B01047
BSE 00:00 | 29 May 1.56 0
(0.00%)
OPEN

1.56

HIGH

1.56

LOW

1.56

NSE 05:30 | 01 Jan Firstobject Technologies Ltd
OPEN 1.56
PREVIOUS CLOSE 1.56
VOLUME 1
52-Week high 9.98
52-Week low 1.48
P/E
Mkt Cap.(Rs cr) 2
Buy Price 1.49
Buy Qty 10.00
Sell Price 1.56
Sell Qty 3.00
OPEN 1.56
CLOSE 1.56
VOLUME 1
52-Week high 9.98
52-Week low 1.48
P/E
Mkt Cap.(Rs cr) 2
Buy Price 1.49
Buy Qty 10.00
Sell Price 1.56
Sell Qty 3.00

Firstobject Technologies Ltd. (FIRSTOBJTECH) - Chairman Speech

Company chairman speech

MESSAGE FROM CHAIRMAN BOARD OF DIRECTORS DR.VIVEK HEBBAR

Ladies and Gentlemen

It gives me immense pleasure to welcome you all on behalf of the Board of Directors inthe 19th Annual General Meeting of Your Company. The Company’s Annual FinancialStatements for the year 2018-19 alongwith the Board’s and Auditors’ Report havebeen circulated amongst the Members. With your permission I take them as read.

Your company had to face severe headwinds caused principally on account ofcompany’s low margin businesses. Stiff competition and pricing pressures haveresulted in the decline of company’s revenue in the year 2018-19. Owing to the highlyprice competitive market the situation of revenue earning is likely to remain the same inthe coming financial year also.

The Company has been constantly working on restructuring of its operations according tobusiness imperatives while it continues to make in-roads into the digital e- Learningcontent and remains a key player in the digital e-Learning content. The company isconstantly innovating and deploying technology to align its processes products(E-Learning) and services with the changing aspirations of its customers. Considering thedisruptive innovation trends Company is pursuing opportunities in Fintech which areunder Lab Stage currently with the company.

We thank all partners and stakeholders of Firstobject for their valuable support andseek their continued guidance in the pursuit of our mission of ‘digital smart classsolutions’ to each and every student in our country.

I thank all my colleagues on the Board for helping me in creating good governanceculture across the organization and fulfilling the responsibilities of Board. I would liketo place on record the sincerity hard work commitment and dedication of the entire teamof Firstobject. I seek your continued support in making the Company more sustainable andresilient to external challenges.

Finally I would like to take this opportunity to thank you as the shareholders of theCompany for your constant support and trust. I would also like to thank our customerssuppliers the Central and the State Governments Regulatory Authorities and our bankerswho have always stood by the Company and I look forward for their continued support in thefuture.

Thank you

Dr. Vivek Hebbar

Chairman