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Globe International Carriers Ltd.

BSE: 538385 Sector: Others
NSE: GICL ISIN Code: INE947T01014
BSE 05:30 | 01 Jan Globe International Carriers Ltd
NSE 00:00 | 27 Nov 21.85 0
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Globe International Carriers Ltd. (GICL) - Chairman Speech

Company chairman speech

Dear Valued Stakeholders

At the outset I would like to thank all our esteemed shareholders for theiroverwhelming support and trust reposed in the company. I feel privileged and honored topresent to you the 9th Annual Report of your company for the financial year 2018-19. Overthe years we have created a legacy of trust; and during the year we continued to build onit. The year saw us achieve the exceptional collections and deliveries of projects

Globe International Carriers Limited is one of the pioneers in transportation andlogistics business in India. GICL is the First Logistics Company from Rajasthan to belisted on the National Stock Exchange SME Platform. Our journey in the last three decadeshas been a story of innovation excellence and strategic evolution as we expanded ourfootprint across India. We diversified our services portfolio while achieving significantgrowth throughout these years.

The logistics industry as a whole is very well poised for positive changes as thissector is among the top priorities of the newly elected Government at the Center. TheGovernment has taken several key decisions like establishing a new Logistics Department inthe Ministry of Commerce introduction of the Draft National Logistics Policy and rapidwork on development of roads dedicated freight conidors and a huge emphasis onmulti-modal transport. In the Financial Year 2018- 19 company’s turnover slightlyreduced to Rs. 95.17 as compared to last year turnover of Rs. 105.20 Crores. Overallthere are many positive signs within these numbers and I believe this is an indicationthat our strategy to achieve large scale growth is the right one Your company is alsosimplifying and improving the processes to become a highly connected agile and innovativeorganization where accountability and empowerment go hand in hand.

At GICL we believe in meeting the needs and expectations of our esteemed customers. Weshall achieve this with the help of a motivated and proactive family of employeescommitted towards innovation and continual improvement. We did not just offer services tothe customer in the expectation of generating an income; we provided services that wouldtake the customer’s business ahead - and that made all the difference. We want ourclients to benefit from the solutions we offer our employees to be satisfied with thegrowth and the opportunities within the organization and our business partners speciallyour vendors to be part of our growth. We want our investors to be satisfied that theirinvestment is in a sound company that adheres to the highest levels of financial andcorporate governance and delivers a reasonable rate of return on capital employed. TheBoard remains focused on robust nsk management and endeavors to improve on existingcustomer service levels. We also believe that quality Corporate Governance is critical toachieve our organizational goals and set higher benchmarks in our services. We are lookingforward to continue on our mission of generating sustainable value for our stakeholdersand I would like to place on record my appreciation to the Government of India Bankers tothe Company customers my employees/consultants for their relentless and valuable supportand look forward to receive the same in future also.

Warm Regards

Subhash Agrawal (Chairman & Managing Director)

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