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Pawansut Holdings Ltd.

BSE: 535658 Sector: Financials
NSE: N.A. ISIN Code: INE260M01017
BSE 00:00 | 26 Apr Pawansut Holdings Ltd
NSE 05:30 | 01 Jan Pawansut Holdings Ltd
OPEN 0.95
PREVIOUS CLOSE 0.96
VOLUME 4971
52-Week high 0.96
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 1
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 0.95
CLOSE 0.96
VOLUME 4971
52-Week high 0.96
52-Week low 0.00
P/E
Mkt Cap.(Rs cr) 1
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Pawansut Holdings Ltd. (PAWANSUTHOLDING) - Chairman Speech

Company chairman speech

DEAR SHAREHOLDERS

It is my honour and privilege to interact with you as the Chairman of the Board atPawansut Holdings Limited and present to you your Company's Annual Report for FY19 sharewith you your Company's progress thus far and thoughts for the future.

FY 19 has been a year of structural policy changes and financial reforms. Even thoughthese reforms and changes were perceived as hurdles by some sections India has managed toovercome them with optimism. The country is also moving towards complete technologicalinclusion. This demands an environment in which the transition to digital initiativesempowers our customers to be future ready which at PHL has been the prime focus in2018-19.

We believe the future is getting smarter and innovative. The world is transforming at arapid pace with extraordinary innovations designed to make things easier and life simpler.Everybody expects to stay connected - families friends organizations employeescustomers etc. Social communities are beginning to evolve digitally and are slowlyreplacing traditional modes of contact. As we talk more with our customers it is evidentthat customers' behavioural patterns are changing. We have a mix of customers who want todo things by themselves and others who prefer personalized interactions.

As a step towards being future ready PHL is anticipating the needs of its customersand is keeping digital transformation at the forefront of all developments. Beyond theobvious challenges of the future there is always a mystery of the unknown. Not alltechnological advancements can be predicted but we can explore key factors of change andtheir implications for both customers and us.

The ultimate aim is to serve the customers in the most efficient manner the key tosustainability and scalability. It is a huge market characterised by excellententrepreneurs across the segment and the size of the business units we deal with. It willnot be an exaggeration to mention that we draw our inspiration from their hard work andresilience despite the fact that they have to face numerous challenges for their survivaland growth. We endeavour to work closely with them and become their partner in theirjourney of growth through our financial advice and lending.

PHL is committed towards ensuring that when change happens our customers are equippedto face the challenges and have the necessary tools in place.

The successful journey so far is quite motivating but in the same vein every New Yearcomes with its own set of challenges which we reckon as opportunities.

PHL operates in a dynamic and competitive environment. Competing in this environmentrequires a commitment to customer service excellence and innovation areas where wecontinuously strive to improve.

Our Purpose is clear. We are here to make the financial lives of those who do businesswith us better. Better by listening to our customers and clients and connecting them tothe financial solutions they need. And better by connecting across our company to deliverthose solutions.

Every time we reach a milestone we feel we have just begun...

This enthusiasm to take every challenge as an opportunity has played a vital role inlaying the foundation of this Company.

We are committed to our mission of excellence through endeavours and start this newfinancial year 2018-19 with the same spirit and enthusiasm.

We are aware of the fact that we have miles to go and promises to keep and firmlybelieve that together we can and we will...

PERFORMANCE OF COMPANY

The Company's performance as detailed in this report is very robust in tandem with ourhistory of more than two decades: quality growth. In the business of lending striking thebalance between growth and quality is of paramount importance. It has been a journey whereour resilience and capabilities were tested time and again. It is worth sharing with allof you that every time our resolve got stronger. We have managed to perform well in FY 19.Your company earned Revenue of Rs. 7371234 during 2018-19 as compared to Rs.13936496/- over previous year. The Company has posted a record loss after tax of Rs.(21766)as against profit after tax of Rs. 23229/- over the previous year.

I would like to assure you that all our employees are working extremely hard with greatdedication high energy and strong commitment through the year for your Company. Isincerely thank them all vide this letter. I would also like to thank all our stakeholdersfor reposing their faith in us and thank our regulators for their constant support andguidance. Learning and unlearning on a daily basis remains the main plank of the humanresource development.

I also express my thanks to all our Directors for their invaluable contribution throughtheir guidance and encouragement which have been critical for the success of the Company.

As I look ahead I can foresee a year of exciting prospects and potential. I amconfident that your company will continue with its swift strides on the path of growth andexpansion. Finally I would like to thank every one of you for your constant support andconfidence in our vision. We look forward to continually rewarding your trust andencouragement with outstanding performance in the future too.

Regards

Sd/-

(Ram Kishore Bansal)

Chairman & Managing Director

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