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Franklin Leasing & Finance Ltd.

BSE: 539839 Sector: Financials
NSE: N.A. ISIN Code: INE399S01010
BSE 00:00 | 19 Mar 19.65 0
(0.00%)
OPEN

19.65

HIGH

19.65

LOW

19.65

NSE 05:30 | 01 Jan Franklin Leasing & Finance Ltd
OPEN 19.65
PREVIOUS CLOSE 19.65
VOLUME 8000
52-Week high 33.95
52-Week low 18.20
P/E 163.75
Mkt Cap.(Rs cr) 31
Buy Price 18.50
Buy Qty 4000.00
Sell Price 19.70
Sell Qty 8000.00
OPEN 19.65
CLOSE 19.65
VOLUME 8000
52-Week high 33.95
52-Week low 18.20
P/E 163.75
Mkt Cap.(Rs cr) 31
Buy Price 18.50
Buy Qty 4000.00
Sell Price 19.70
Sell Qty 8000.00

Franklin Leasing & Finance Ltd. (FRANKLINLEASING) - Chairman Speech

Company chairman speech

Dear Shareowners

With great joy I am welcoming you to the Company's 24TH Annual General Meeting. ThisAGM assumes immense significance as it is our first AGM post the IPO (Initial PublicOffering) of the Company. We Must record our sincere thanks and appreciation to all thosewho applied in our in our IPO and have stood by us with their investments. A wonderfulbenefit of this opportunity was the addition of a number of new shareowners into the FLFL(FRANKLIN LEASING AND FINANCE LIMITED) family and I along with the Board and all theexisting shareowners warmly welcome them and look forward to a bright future together witheveryone's strong support and participation.

In order to augment our capital base for providing Seasonal Loans to farmers/ tradersyour Company came out with its Initial Public Offering of 42 24000 equity shares withface value of Rs. 10/-each at a price of Rs. 15/- (including securities premium of Rs. 5)The shares were allotted to successful allottees on 9th April 2016 and listed on the SMEPlatform of BSE for trading from 13th April 2016. The Listing of the Company was animportant milestone and the next step is to take the Company to a higher level of growthand operational scale. As of being listed the Company's public profile raises withcustomers suppliers investors financial institutions etc. and at the same time it addedmore Responsibilities and more compliance which we are sure to take care with the supportof our team.

The Company did quite well in FY 2015-16 reporting a rise in its revenues and profitsas can be seen from the Annual Report. Looking at the overall picture and businessenvironment I feel we have made good progress in FY 2015- 16 inspire of the fact thatyour Company's Board and management had intensively invested its time and resources toroll out the Company's IPO successfully. Now we should be able to post even betterresults next year as we are all set to strongly focus on taking our business to higherlevels of operational excellence and growth. This gives me the confidence to say that withNature's blessings team's hard work and your support; we shall be able to report betterresults for the next year. To proceed the Board believes that the Company will need tofollow a very sharp business strategy so that it will possible for the Company to competewith others and fulfill the needs of the society. The endeavour of the Company'smanagement is always striving towards the optimal results and strengthening therelationship with the society. With your support I am confident of leveragingopportunities and overcoming challenges to report exciting success in the coming times aswell. Thank you once again for the ample support to the Company and your solid belief inthe Board and the Management.

Warm Regards

Pawan Dalmia

Chairman