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Octal Credit Capital Ltd.

BSE: 538894 Sector: Financials
NSE: N.A. ISIN Code: INE513C01010
BSE 00:00 | 16 May 31.00 -0.35
(-1.12%)
OPEN

29.80

HIGH

32.90

LOW

29.80

NSE 05:30 | 01 Jan Octal Credit Capital Ltd
OPEN 29.80
PREVIOUS CLOSE 31.35
VOLUME 607
52-Week high 138.50
52-Week low 3.61
P/E 36.90
Mkt Cap.(Rs cr) 16
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 29.80
CLOSE 31.35
VOLUME 607
52-Week high 138.50
52-Week low 3.61
P/E 36.90
Mkt Cap.(Rs cr) 16
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Octal Credit Capital Ltd. (OCTALCREDITCAP) - Chairman Speech

Company chairman speech

Dear Shareholders

FY 2020-21 was unprecedented from every perspective and will be remembered as one ofthe most challenging years globally. The extraordinary scenario altered the way weapproach business and prompted us to adapt to new ways of working to navigate thechallenges.

While reconfiguring our operational dynamics with accelerated utilisation of technologyand digitisation we set our sight on emerging opportunities in the financial servicesindustry amid these unprecedented times. We have innovated our client-engagement modelsand operational risk management to continue pursuing those opportunities. All ourinitiatives were powered by our farsighted decision making unwavering focus andleadership agility.

As a result despite challenges we delivered strong performances in FY 2020-21. Wehave also demonstrated disciplined approach and effective risk management framework whichcontinue to guide us and position us to deliver sustainable value for our stakeholders.Robust capitalisation for banks NBFCs and corporates strong liquidity and improvingsectoral outlook have set up a solid foundation for recovery. Despite economic volatilitythe capital markets remain buoyant on the back of strong liquidity.

At Octal we took immediate measures to ensure safety and well-being of our employeesand implemented the 'work from home' policy. They were provided with adequateinfrastructure and requirements to ensure minimalistic disruption to the otherwise smoothoperating business. On an operational front I am happy to state that we did not face anyliquidity challenges owing to our prudent and resilient business model. Our strategieswere aligned to the market situations and we continued to focus on building a good qualitylending portfolio with an equal attention to recoveries and lower NPAs. The pandemichowever did have an impact on our performance. We strongly hope for a quicker vaccinationprogramme to combat this. We will however always run Octal with the notion that we must beprepared to be resilient and durable through any and every kind of environment we face.These challenges have pushed us to set new benchmarks and standards not only forourselves but also for the industry. Through all these efforts we are committed toprepare your company for the future and deliver sustainable value for our variousstakeholders including yourselves.

Having said that we remain optimistic in our approach and continue to closely monitorthe external environment. Our aim is to continue spotting growth opportunities and explorenew avenues to progress. We are confident about leveraging these possibilities withjudicious decision-making to further scale our businesses and build long-termprofitability.

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