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Inditrade Capital Ltd.

BSE: 532745 Sector: Financials
NSE: N.A. ISIN Code: INE347H01012
BSE 13:10 | 08 Dec 34.15 -0.50
(-1.44%)
OPEN

34.25

HIGH

35.35

LOW

33.40

NSE 05:30 | 01 Jan Inditrade Capital Ltd
OPEN 34.25
PREVIOUS CLOSE 34.65
VOLUME 25371
52-Week high 45.00
52-Week low 24.45
P/E 27.76
Mkt Cap.(Rs cr) 80
Buy Price 34.65
Buy Qty 1.00
Sell Price 34.70
Sell Qty 90.00
OPEN 34.25
CLOSE 34.65
VOLUME 25371
52-Week high 45.00
52-Week low 24.45
P/E 27.76
Mkt Cap.(Rs cr) 80
Buy Price 34.65
Buy Qty 1.00
Sell Price 34.70
Sell Qty 90.00

Inditrade Capital Ltd. (INDITRADECAP) - Chairman Speech

Company chairman speech

It is a new day. A new world. A new normal. The world has changedrapidly and what we have witnessed weathered and traversed in the past two years hastransformed our perspective towards our lives as a human being.

Dear Shareholders

With great pleasure I extend a warm welcome to you on the occasion ofthe 28th Annual General Meeting of Inditrade Capital Limited on behalf of theBoard of Directors and Team Inditrade. It is my privilege to address you all. During thistempestuous phase due to COVID-19 Pandemic I hope you and your families are keepinghealthy and safe.

It is a new day. A new world. A new normal. The world has changedrapidly and what we have witnessed weathered and traversed in the past two years hastransformed our perspective towards our lives as a human being. There have been manyuncertainties and difficulties in all spheres of life and businesses have been affectedglobally.

We are now witnessing the dawning of a new era a historical stage. Ourlives have changed and the change is now irreversible. The pandemic not only shocked usbecause it made us face the unimaginable but also temporarily took away what we consideredto be ours forever and took for granted like the freedom to move around to travel tomeet physically work in our offices to go to the theatres or just simply go forshopping. It made us feel vulnerable made us realise that we are not invincible. We tookrefuge in our homes and merged our analogue and digital lives into a single life. Asindividuals families and companies large or small we had to lose the fear ofdigitalisation.

A gradual return of normalcy towards the end of FY 2021-22 has broughtsome cheer. While at this stage it is extremely difficult to comment on the futureconsidering the significant geo-political uncertainties and economic challenges we arehoping to bounce back in FY 2022-23. The last financial year i.e. FY 2021-22 was a yearof consolidation and now we expect FY 2022-23 to be a year of re-energising and regainingthe growth momentum in all our business segments.

From the very beginning of the current fiscal FY 2022-23 the Companyhas returned to "business as usual". We are fully geared up to continue our workin the chosen fields and contribute to the accelerated growth of the economy.

At Inditrade we continue to pursue our vision of being an activeparticipant in nation-building by contributing and strengthening various initiatives atgrassroot level and enabling and empowering customers through various businesses leadingto a positive impact on their lives and livelihood and the society at large. We continueto work with the weaker segments of the society having limited access to largeinstitutional funds and unfortunately due to the COVID-19 pandemic this access has beenlimited even further impacting their economic conditions adversely. All our lendingverticals like Micro Financing MSME Financing Agri-Commodity Financing cater to theseaspiring and growing segments of underserved population. We believe that in apost-pandemic world our customers' needs will be even more and we have to be ready formeeting their requirements and aspirations in the most efficient manner.

While our various lending businesses have continued to help customersInditrade Scalerator an initiative launched in FY 2020-21 has now scaled up exponentiallyand is helping customers to get business loans and financial products from multipleservice providers including but not limited to Inditrade. The rapid growth of thissegment reconfirmed our belief that the need of this segment of customers goes much beyondthe financing and servicing capability of any single organisation.

The other initiative taken during FY 2020-21 Inditrade Rural Marketingoperating under the Boonbox brand has been nurturing and developing a carefully craftedecosystem and has not only been instrumental in bringing consumer durables to customersbut also has been facilitating the financing of the same. This business is making rapidstrides in fulfilling the aspirations of rural India.

Through Scalerator and Boonbox we are now connected to our customersnot only for catering to their financing needs through lending but also to provide a widearray of services which rarely reached them. And since we have gone beyond pure lendingthe logo of the Company was modified from "Financing Progress" to "Let'sProgress" in order to reflect the paradigm shift in our relationship with thecustomers with a sense of togetherness in their journey of economical progress.

From the very beginning of the current fiscal FY 2022-23 the Companyhas returned to "business as usual". We are fully geared up to continue our workin the chosen fields and contribute to the accelerated growth of the economy. We willcontinue to optimise operational efficiency and upgrade the skills. Driven by passionateindividuals we try to make a difference to the lives of customers and communities we workwith.

Inditrade Community Foundation promoted by the Company continues towork with various communities in and around our areas of operations furthering educationamongst students from economically backward segments of the society and providing reliefduring unfortunate natural calamities. We will continue to strengthen this Foundation andcontinue to serve the community.

On behalf of the Board I wish to express my gratitude to you ourshareholders clients business partners financial institutions and regulators for theircontinued support. The effort and determination with which Team Inditrade effectivelyhandled the challenges for the past two years for delivering satisfaction to thecustomers gives me the assurance that the Company will continue to thrive and providesustainable value to all its stakeholders and I acknowledge their support andcontribution. I would also like to express my gratitude to the management team for theirefforts and commitment in making the organisation based on values and empowered through ajoint vision for the future. I look forward to sharing with you many more milestones inthe years to come.

Thank you all for the trust and support.

Wishing you all the very best

Sudip Bandyopadhyay

.