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Kings Infra Ventures Ltd.

BSE: 530215 Sector: Infrastructure
NSE: N.A. ISIN Code: INE050N01010
BSE 00:00 | 26 Nov 35.50 -0.45
(-1.25%)
OPEN

35.95

HIGH

36.25

LOW

35.15

NSE 05:30 | 01 Jan Kings Infra Ventures Ltd
OPEN 35.95
PREVIOUS CLOSE 35.95
VOLUME 103049
52-Week high 37.50
52-Week low 20.95
P/E 37.37
Mkt Cap.(Rs cr) 83
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 35.95
CLOSE 35.95
VOLUME 103049
52-Week high 37.50
52-Week low 20.95
P/E 37.37
Mkt Cap.(Rs cr) 83
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Kings Infra Ventures Ltd. (KINGSINFRA) - Chairman Speech

Company chairman speech

Dear Shareholder

Greetings from Kings Infra !!!

I have great pleasure in welcoming you to the 32nd Annual General Meeting of ourCompany. The year just gone by had been a challenging period for the businesses acrossIndia.

It has not been any different for your Company too as it had to re-forge its visionand goals not to just remain relevant to the times but also to thrive in a fast-changingeconomic scenario.

The COVID-19 pandemic caused major disruption in the societies around the world andinflicted severe damage on the global

economy. The lockdown period enforced in

India had some impact on the seafood industry on the export sector. But the proactivesteps initiated by the Central Government the State Government and the Government bodiesensured all support for the smooth functioning of seafood export sector enabling us toresume operations by mid of May 2020.

The sea food business was affected due to the slowdown of cargo movements delayedpayments and difficulty in getting orders. The cancellation of key seafood trade eventsacross the world and a delay in aquaculture harvests due to shortage of labour added tothe woes of the industry. These unanticipated developments dented our operations andaffected the turnover and the ultimate profitability of the Company.

As we look ahead to the FY 2020-21 the period ahead promises to be exciting andproductive. Company' order books are full for the entire season and the Company expectsturnover of Rs. 75 crores for the rest of the 9 months in this financial year. India hasbeen a major supplier of Vannamei and other shrimps to Japan and our Company has startedgetting regular orders from the Japanese market for its products.

The Company is launching its domestic vertical with a B2B platform 'King Fresh' and hasstarted receiving orders from the domestic market. The demand for packaged and frozen

products has spiked as households look to stock up on non-perishable food at theexpense of fresh seafood options. At the same time online distributors are reportingincreased interest as home-bound consumers explore retail alternatives.

The supports from Governments Banks and new opportunities in fund raising and theproactive measures adopted by the Company as mentioned above will help Kings Infra todouble its export turnover this year and the Company is on track for an exponential growthin its various vertical and leadership position in introducing innovation and introductionof new technologies in the sector to overcome the adverse impact of the Covid-19 pandemic.

As per the directives of the Central Government Banks are providing additionalfinancial support even without collaterals and at reduced interest rates. The Company hasreceived timely support from its Bankers.

Government of India's vision is to take Indian seafood exports to Rs 1 lakh crore by2025. To achieve the target GOI has envisaged increasing the aquaculture production byadopting species diversification use of technology to improve the productivity and newmarketing strategies with extensive digital campaigns and buyer-seller meets. The Companyhas finalized a POC agreement with one of the Fortune 500 Japanese technology companiesfor introducing precision aquaculture utilizing AI and IOT solutions.

Sustainable aquaculture is the way forward for the country to establish itself as aglobal leader as the world emerges out of this pandemic. The Company is fully focused onSustainability and traceability in Aquaculture production and is a technology leader inthis space.

The FY20-21 looks quite promising for the Company as we work out new strategies extendour foot prints into new markets introduce new technologies and forge excitingpartnerships with global leaders.

On behalf of the Board of Directors of Kings Infra Ventures Limited I want to thankyou for reposing your confidence in the Company and its Management and look forward toyour continued support at all times in the days ahead.

Yours sincerely Sd/-

Shaji Baby John

Chairman & Managing Director

.