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IKF Technologies Ltd.

BSE: 532414 Sector: IT
NSE: N.A. ISIN Code: INE052C01027
BSE 00:00 | 04 Feb IKF Technologies Ltd
NSE 05:30 | 01 Jan IKF Technologies Ltd
OPEN 0.28
PREVIOUS CLOSE 0.27
VOLUME 600
52-Week high 0.28
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 12
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.27
Sell Qty 22810.00
OPEN 0.28
CLOSE 0.27
VOLUME 600
52-Week high 0.28
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 12
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.27
Sell Qty 22810.00

IKF Technologies Ltd. (IKFTECHNOLOG) - Chairman Speech

Company chairman speech

Dear Shareholders

The year in review has been truly a watershed year for your Company the industry aswell as the Indian economy both in terms of our consolidated efforts starting to bearfruits and our customers businesses getting back on the tangent of sustained growth.

There is a strong parallel between running a business and playing a game of chess. Thefinal result will almost always depend on the decisions taken during the opening gambitand the middle game. In fact each move that one makes has to be carefully crafted as anelement of a larger plan that takes into account the future environment which is oftendetermined by moves that others make. While there is always some element of uncertaintythat needs to be dealt with but the overall long term growth of an organisation islargely dependent on the design of these very strategic moves. Importantly like in a gameof chess in the corporate world too we need to continuously adjust and realign ourstrategic moves in line with the way the game evolves. Of course one also has to havecapabilities to implement the plans with clockwork precision. We have made our openinggambit and have entered a difficult middle game.

It was challenging year with unprecedented economic uncertainty. India is the world'ssecond-largest telecommunications market with around 1.2 billion subscribers as ofSeptember 2018. FY18 was a decisive year for the Indian Telecom Sector on numerous counts.Industry revenue table continued to remain under pressure with the launch of aggressiveprice offerings by the latest entrant. The continuing disruption hastened consolidationand operators with stretched balance sheets found it difficult to survive. The year sawfinancial stress across the industry ultimately leading to hastening of the eventualconsolidation in the industry.

Revenues from the telecom equipment sector are expected to grow to US$ 26.38 billion by2020. The number of internet subscribers in the country is expected to double by 2021 to829 million and overall IP traffic is expected to grow 4-fold at a CAGR of 30 per cent by2021. The Indian Government is planning to develop 100 smart city projects where IoTwould play a vital role in development of those cities.

Our reputation for excellence and integrity - earned through the consistent delivery ofquality solutions and by adhering the highest standard of business conduct throughprinciples of Corporate Governance continues to be our most valuable assets. As weposition ourselves for the future and our standard of excellence integrity andaccountability will serve us well.

I thank all of you - employees shareholders financers partners and customers - forlending your support to the Company. Hope to continue receiving your good wishes as wemake our moves through difficult times. We are confident of sailing through to our longterm goal and living up to the trust you have reposed on the Company.

Sincerely
Date: 14th August 20 19 Place: Kolkata Sunil Kumar Goyal
Chairman
Din: 00550933

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