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Satra Properties (India) Ltd.

BSE: 508996 Sector: Infrastructure
NSE: N.A. ISIN Code: INE086E01021
BSE 00:00 | 26 May 0.57 0
(0.00%)
OPEN

0.57

HIGH

0.57

LOW

0.57

NSE 05:30 | 01 Jan Satra Properties (India) Ltd
OPEN 0.57
PREVIOUS CLOSE 0.57
VOLUME 95
52-Week high 1.33
52-Week low 0.45
P/E
Mkt Cap.(Rs cr) 10
Buy Price 0.59
Buy Qty 905.00
Sell Price 0.57
Sell Qty 110.00
OPEN 0.57
CLOSE 0.57
VOLUME 95
52-Week high 1.33
52-Week low 0.45
P/E
Mkt Cap.(Rs cr) 10
Buy Price 0.59
Buy Qty 905.00
Sell Price 0.57
Sell Qty 110.00

Satra Properties (India) Ltd. (SATRAPROPERTIES) - Chairman Speech

Company chairman speech

Dear Shareholders

It is a matter of immense pleasure and privilege to be amongst our most trusted andvalued supporters; our shareholders.

Reforms are key to progress as has been ably demonstrated by our visionary PrimeMinister Shri Narendra Modi. During the past year we have witnessed significant changesin economy particularly real estate and construction industry through the policies andregulations announced time to time by our Government. The ongoing transition as thepolicies are being enforced called for change and adaptation to the reforms for whichyour Company has been prepared. As the RERA and GST acts continue to guide the businessit has enthused a positive trend because of transparency regarding approvals possessiontimelines and interest on defaults they offer.

We feel that success is derived from the ability to lead motivate inspire delegateand empower. What excites me is how we transformed our self into a passion-driven approachon how we can make a difference every day at work.

The growth and development in rural and urban infrastructure has seen acceleration inthe last year. This undoubtedly will result in impetus to the real estate sector alongsideimproved infrastructure & connectivity. Since the demand for affordable housingfragment is the key-driving factor of real estate business in Mumbai the Company eyes onvarious opportunities for the same. We are committed to our judicious expansion planswhile diligently pursuing new developments into the real estate sector thereby increasingour revenue and market share. More impressive is the fact that your company is trying toreduce the debts substantially thereby adding considerable value to the Company. Throughthis alone we will gain confidence of our investors and also the end users. Carefulplanning and smart experience to tide over difficult business cycles has been our forteand this has come to the fore during the last financial year.

Lastly I am grateful to our stakeholders customers vendors lenders and bankers forreposing their faith in us employees for their resolve and unstinted devotion ourMembers on the Board for their wisdom and continuous support and you our shareholders forreposing trust & faith. Thank you for your support and we hope you continue yourassociation with us.

Regards

Praful N. Satra

Chairman and Managing Director