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Pecos Hotels & Pubs Ltd.

BSE: 539273 Sector: Services
NSE: N.A. ISIN Code: INE484S01010
BSE 00:00 | 27 Jun 41.45 0
(0.00%)
OPEN

41.45

HIGH

41.45

LOW

41.45

NSE 05:30 | 01 Jan Pecos Hotels & Pubs Ltd
OPEN 41.45
PREVIOUS CLOSE 41.45
VOLUME 1000
52-Week high 67.95
52-Week low 20.50
P/E
Mkt Cap.(Rs cr) 5
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 41.45
CLOSE 41.45
VOLUME 1000
52-Week high 67.95
52-Week low 20.50
P/E
Mkt Cap.(Rs cr) 5
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Pecos Hotels & Pubs Ltd. (PECOSHOTELS) - Chairman Speech

Company chairman speech

Dear Shareholders

It gives me immense pleasure to place before you the 16th Annual Report ofPecos Hotels and Pubs Limited. The financial year 2020-21 was perhaps one of the mostdifficult years the company has faced since its inception.

The COVID pandemic and subsequent lockdown led to a complete closure of operations for6 months of the financial year. As the unlock process began unfortunately the alcoholindustry was one of the last to 'unlock'. Even as the unlock process began there werefurther restrictions on operations that hampered the speed at which the outlets couldreturn to pre-covid levels of business.

Despite facing such odds your company thanks to its loyal customers and dedicatedstaff who were able to return to pre-covid business levels at all units in only 5 monthsafter unlocking. However this was not enough and we are forced to declare a loss for thefinancial year.

Looking ahead your company is cautiously optimistic. The business environment remainsrobust with tremendous potential however the recent surge in COVID cases and subsequentrestrictions have once again dampened the spirits in the sector. Once again we are facedwith severe restrictions on operations. We are encouraged by the increasing consumerconfidence after multiple vaccines were announced and hope this wave of optimism continuesand we can return our outlets to pre-covid levels even faster than the preceding year.

I trust that all our shareholders are now vaccinated if not please do take thevaccine as it is our one sure shot to overcoming this virus. Please continue to stay safe.

At this juncture I would like to place on record my sincere appreciation to all ourloyal customers staff and vendors who have stood by your company even during our mostdifficult times.

Yours Sincerely SD/-

Liam Norman Timms Whole Time Director (DIN:06453032)

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