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Indo Thai Securities Ltd.

BSE: 533676 Sector: Financials
NSE: INDOTHAI ISIN Code: INE337M01013
BSE 11:58 | 26 Sep 163.00 -0.10
(-0.06%)
OPEN

169.20

HIGH

169.20

LOW

162.00

NSE 11:32 | 26 Sep 163.15 -0.80
(-0.49%)
OPEN

168.80

HIGH

168.80

LOW

163.00

OPEN 169.20
PREVIOUS CLOSE 163.10
VOLUME 759
52-Week high 495.85
52-Week low 83.25
P/E
Mkt Cap.(Rs cr) 163
Buy Price 162.05
Buy Qty 4.00
Sell Price 167.95
Sell Qty 5.00
OPEN 169.20
CLOSE 163.10
VOLUME 759
52-Week high 495.85
52-Week low 83.25
P/E
Mkt Cap.(Rs cr) 163
Buy Price 162.05
Buy Qty 4.00
Sell Price 167.95
Sell Qty 5.00

Indo Thai Securities Ltd. (INDOTHAI) - Chairman Speech

Company chairman speech

Dear Fellow Share owners

It gives me great pleasure to share with you the exceptional performance of our Companyin FY 2020-21. Our revenue and profit numbers have touched new heights strengthening ourposition in the market.

Mr. Parasmal Doshi

(Chairman & Whole Time Director)

As I write to you India and many other parts of the world are in the grip of second oreven third waves of the pandemic much ercer than anything we saw last year. These are difcult times and we must prepare to embrace the radical changes in our lives and the way wework.

COVID-19 hit the world hard to say the least and unprecedented lockdowns disruptedeconomies businesses and society in a manner that we have never seen in our lives. Indiawas no exception but our country has managed to flatten the COVID-19 curve remarkablybetter than many other economies. This was made possible by the government's timely andconsistent interventions to enforce stringent health and safety guidelines. Additionallythe government's huge stimulus package supported businesses and vulnerable communities.

Financial markets also went through extreme volatility owing to stringent lockdowns.However the second half of the year saw a quicker and remarkable recovery due tounlocking of restrictions pick-up in economic activity favorable government reforms andmass disbursement of vaccines to halt the spread of the virus. Financial markets soared toall-time highs reflecting improvement in investor sentiment.

The year 2020-21 has been a roller coaster for the Indian equity markets. From the lowsseen during the end of 2019-20 on account of the Covid-19 induced lockdown the marketsrecovered to reach new highs in the last quarter after vaccines against Covid-19 wereapproved and rolled out. BSE Sensex the benchmark equity index of BSE fell to 25981.24on 23rd March 2020 its lowest value since 26th December 2016 but then rose to52516.76 on 16th February 2021 its highest ever value. It closed trading at 50136.58 on30th March 2021.

In a sign of all-around uncertainty caused by the Covid-19 pandemic the World Bankhas in a rare development opted to project India's economic growth in Financial Year2021-22 as a broad range from 7.5% to 12.5% and not one number as it does normally.

India's Gross Domestic Product (GDP) contracted 7.3% in Financial Year 2020-21 as perprovisional National Income estimates released by the National Statistical Of cemarginally better than the 8% contraction in the economy projected earlier. GDP growth in2019-20 prior to the COVID-19 pandemic was 4%.

As the pandemic spread our topmost priority was to ensure the safety of our employeesand facilitating uninterrupted services and support to our customers. Our technology teamplayed a vital role in providing adequate systems to employees so that they can operatesmoothly out of the safety of their homes. We provided remote working technology andprotocols used video calling and virtual meeting platforms to keep our operationsrunning. During the lockdown our technology platform worked successfully and facilitatedin servicing our customers efficiently.

Even in the midst of the most dif cult time that then world has seen in over a centurywe can look at 'Indo Thai' performance for Financial Year 2020-21 with quiet satisfaction.May this journey of corporate success continue in the coming years.

The Financial Year 2020-21 results are detailed in this Annual report elucidating thegrowth made by your Company. The Company reported Net Profit of Rs. 1030.50 Lakhs in thefinancial year 2020-21 as compared to Net Loss of Rs. 1089.28 Lakhs in the Previous Year.Our Revenue from Operations for the financial year 2020-21 is Rs. 2188.19 Lakhs showinga growth of 133.26% as compared to previous year Revenue from Operations of Rs. 938.10Lakhs. The net worth of our Company has increased to Rs. 5403.75 Lakhs in the financialyear 2020-21 in comparison with Rs. 4359.36 Lakhs in the financial year 2019-20.

For the Equity Broking Segment (NSE & BSE) the Company has recorded a turnover ofRs. 3994.09 Crores in the financial year 2020-21. Further in the F&O Segment theannual turnover of Rs. 12333.06 Crores has been achieved. In the Currency Segment theCompany has recorded a turnover of Rs. 246.01 Crores in the financial year 2020-21. AssetUnder Management (AUM) under Mutual Fund Distributorship Business of your Company hasincreased from Rs. 67.17 Crores in financial year 2019-20 to Rs. 96.47Crores in financialyear 2020-21.

In addition to our business goals and commitment to drive shareholder value yourCompany is focused on playing its role as a responsible corporate citizen. We continue tocontribute towards initiatives that drive societal change in the communities where weoperate while ensuring that our growth is sustainable. Our approach and commitmenttowards Corporate Governance is essential to the delivery of strategic priorities. Westand by the values which forms the foundation stone of our business and Company.

We believe our people and people processes give us the de nitive edge to manage scaleand yet remain nimble to embrace change proactively. On the people front I am delightedto share that our robust people processes that have been the bedrock of our success overthe years continue to evolve and stay contemporary. Human Resource plays a key role indeveloping reinforcing and changing the culture of an organisation. Pay performancemanagement training and development recruitment and on boarding and reinforcing thevalues of the business are all essential elements of business culture covered by humanresource.

Your Board strongly advocates the fact that the growth of a company is backed by thesuccor of its Shareholders and keeping the same in cognizance your Board is jubilant torecommend a nal dividend @10% being Re. 1/- per equity share of Rs. 10/- each for thefinancial year ended 31st March 2021.

To conclude with I would like to convey my heartfelt appreciation towards all theshareholders clients directors employees bankers auditors and all the stakeholdersfor their continued belief support and con dence in the Company. I thank you foraccompanying us on the elating journey ahead. We endeavor to build more capabilities inorder to ensure that we expand our relevance to our stakeholders. Our focus in financialyear 2021-22 will continue to be “Growth” through leveraging our internalstrengths and the huge external opportunities that the economy offers. This is how IndoThai is placed and we are con dent of a better and sustainable future.

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