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Palred Technologies Ltd.

BSE: 532521 Sector: IT
NSE: PALREDTEC ISIN Code: INE218G01033
BSE 00:00 | 18 Jun 144.10 -2.10
(-1.44%)
OPEN

146.10

HIGH

149.15

LOW

136.05

NSE 00:00 | 18 Jun 142.75 -2.25
(-1.55%)
OPEN

145.00

HIGH

148.70

LOW

135.10

OPEN 146.10
PREVIOUS CLOSE 146.20
VOLUME 6580
52-Week high 170.90
52-Week low 13.02
P/E 252.81
Mkt Cap.(Rs cr) 140
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 146.10
CLOSE 146.20
VOLUME 6580
52-Week high 170.90
52-Week low 13.02
P/E 252.81
Mkt Cap.(Rs cr) 140
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Palred Technologies Ltd. (PALREDTEC) - Chairman Speech

Company chairman speech

Dear Shareholders

I take pleasure in presenting the Twentieth Annual Report of your Company. I use thisopportunity to present the financial performance of the Company in the year and what wesee for the future. After the sale of business in October 2013 the Company has investedinto Palred Electronics Private Limited (PEP) which owns PTron a Mobile Accessoriesbrand Palred Retail Private Limited which operates www.LatestOne.com a mobileaccessories focused ecomsite and Palred Technology Services Private Limited (PTS) aCompany focused on end to end solutions for e-commerce companies.

The Company's main focus this year has been building PTron brand. PTron brand offers abouquet of mobile accessories products to meet the needs of its consumers. PTron sellsproducts like bluetooth headsets portable bluetooth speakers wired headsets chargersand cables smart watches networking products and many more. The strength of PTron isthat it has a wide range of products whose quality is backed by warranty but offers themat competitive prices in the branded accessories category for the mid-market. The Companysells PTron brand through large ecommerce marketplaces like Amazon & Flipkart throughLatestOne. com & PTron.in and also through Physical Distribution / Retail Channelsacross the Country.

LatestOne.com faced many challenges during the year because of high advertisement costsand competition from heavily funded market place business. As a result we had to downsizeour in house IT Company and fulfilment services businesses to focus on building the brandof PTron.

As always we will update the stake holders investors employees customers vendorsand also keep them posted about the developments from time to time. Your Company hasalways been actively contributing to social causes as a part of its Corporate SocialResponsibility.

On behalf of Management and staff I would like to thank every shareholder of PalredTechnologies Limited for your continued commitment support and confidence. We lookforward to your continued support and encouragement in future as well.

Thank you

Palem Srikanth Reddy

Chairman & Managing Director