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Firstobject Technologies Ltd.

BSE: 532379 Sector: IT
NSE: N.A. ISIN Code: INE683B01047
BSE 00:00 | 19 Mar 10.95 0
(0.00%)
OPEN

11.35

HIGH

11.35

LOW

10.50

NSE 05:30 | 01 Jan Firstobject Technologies Ltd
OPEN 11.35
PREVIOUS CLOSE 10.95
VOLUME 13751
52-Week high 17.45
52-Week low 8.03
P/E
Mkt Cap.(Rs cr) 11
Buy Price 10.30
Buy Qty 1200.00
Sell Price 10.94
Sell Qty 200.00
OPEN 11.35
CLOSE 10.95
VOLUME 13751
52-Week high 17.45
52-Week low 8.03
P/E
Mkt Cap.(Rs cr) 11
Buy Price 10.30
Buy Qty 1200.00
Sell Price 10.94
Sell Qty 200.00

Firstobject Technologies Ltd. (FIRSTOBJTECH) - Chairman Speech

Company chairman speech

Ladies and Gentlemen

It gives me great pleasure in welcoming you all to the 18th Annual General Meeting ofthe Company.The Annual Report for the year ended 31st March 2018 along with the AGMnotice Director's Report and the audited Annual Accounts of the Company have beencirculated to you. With your permission I take them as read.

As your company is going through transition phase we are focusing currently on ourcore strengths and we expect the initiatives taken by our company would lead to fruitionin the conducive macro-economic condition prevailing in the country. We have a revampedproduct portfolio which is highly competitive resilient and is able to meet the highexpectations of our demanding customers. As you are well aware our Company has set astrategic goal to seamlessly shed its low margin bearing traditional IT business servicesareas and migrate to high margin scalable business within IT domain.

We have been witnessing considerable growth in our e-Learning business and hope tocontinue our work in this space with new product introductions. In this financial yearour Company is planning to expand its footprint in India by reaching out to customers insmaller cities and towns through new sales and service points. In FY 2017-18 we continuedto augment our product portfolio with the introduction of new technologies to make ourproducts work on all types of technological platforms.

Gone are the days when educational institutes were started with the sole aim ofknowledge dissemination. The future belongs to educationists who believe in knowledgecreation through high quality education via digital smart-class solutions. In order toachieve this objective the institutes will be required to have a strong focus onproviding world-class ambience and infrastructure in which intellectual capital willthrive and bloom.

Our objective is to transform Firstobject to a global company in digital smart-classsolutions. We are well underway in bringing Firstobject through the transition period andare now seeing the impact of a large number of initiatives implemented over the course ofthe past few years including the effect of new product launches. In the coming years wewill remain dedicated to expanding our business geographically and launching new productsto the benefit of our valuable customers / end users. I'm confident that Firstobject iscapable of demonstrating solid earnings in the years ahead and to grow in the subsequentperiod.

Here I would like to share a happy news that during FY 2017-18 your company had wonINDIA'S MOST TRUSTED BEST COMPANIES AWARDS 2017 from IBC INFOMEDIA (A Division ofInternational Brand Consulting Corporation USA).

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 would like to take this opportunityto thank our Company's stakeholders especially our valued customers employees andsuppliers Central and State Governments Regulatory Authorities investors bankers andfinancial institutions for their continued faith and trust.

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.

I would once again like to express my gratitude to all of you our valued Shareholdersfor your continued support in our shared mission of contributing to India's growth inEducation.

Thank you
Dr. Vivek Hebbar
Chairman Board of Directors