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Share India Securities Ltd.

BSE: 540725 Sector: Financials
NSE: SHAREINDIA ISIN Code: INE932X01018
BSE 00:00 | 30 Nov 797.15 -0.60
(-0.08%)
OPEN

803.70

HIGH

830.20

LOW

791.05

NSE 00:00 | 30 Nov 795.05 -6.05
(-0.76%)
OPEN

790.10

HIGH

832.65

LOW

790.00

OPEN 803.70
PREVIOUS CLOSE 797.75
VOLUME 2180
52-Week high 930.80
52-Week low 105.65
P/E 23.75
Mkt Cap.(Rs cr) 2,544
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 803.70
CLOSE 797.75
VOLUME 2180
52-Week high 930.80
52-Week low 105.65
P/E 23.75
Mkt Cap.(Rs cr) 2,544
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Share India Securities Ltd. (SHAREINDIA) - Chairman Speech

Company chairman speech

Dear Stakeholder It has been an eventful fiscal year for the financial markets andyour company too. The financial year began with the run-up to the Lok Sabha elections andended with the COVID_19 pandemic. In between Indian financial markets witnessed variousunsettling events including exaconcernbating global trade wars on the international frontand fluctuating domestic growth indicators. At the same time there were sustainedoutflows of capital from the Indian financial markets which were already facing tightliquidity conditions on the back of meltdown in the NBFC sector in FY 19.

All these trials tested the fundamental strengths of players in the market and theirability to survive and grow. Within this ever-changing constantly disrupting industrywith clients getting more tech-oriented and increasing their expectations in terms ofproducts and services your company realised that the mantras for growth would be -technology and scale via consolidation.

Since its inception your company has been witnessing strong organic growth on theback of efficiency technology and customer connect. Share India over the years alsoexpanded the spectrum of products and services and broadened product portfolio by forayinginto investment banking insurance broking and NBFC services. Some of these expansionshave been through strategic acquisitions with perceived synergies. Along the way yourcompany has been investing in technology at various levels. Through its in-house automatedquantitative trading platform based on strategy and deined risk parameters Share Indiahas enabled low latency trading. This is something we at Share India are particularlylooking forward to leveraging as we go ahead.

We do believe that FY 20 has been signifiicant for your company as it achieved a levelof technology and consolidation over the past few years which has made it FUTURE-READY.With the strategic merger of Total Securities Ltd. with Share India synergies are beingwitnessed on many fronts beyond greater financial strength. It has enhanced Share India'soperations in terms of geographical expansion product diversification leadershipenhancement and cost reduction. FY 20 has also been a landmark year for Share India asyour company has moved from BSE SME platform to BSE Main Board.

From where we stand now we look to the future with great eagerness. Share India is nowready to increase its geographical presence in India by opening new branches/franchiseesfor new businesses. We envisage enhancing penetration in the NBFC and insurancebusinesses wherein we foresee huge potential in retail. We also look forward to enteringthe trading segment of international stocks and commodities. As we undertake all thesebold expansion gambits your company will continue to use the latest IT/technology systemsand advance tech-tools. Most importantly rest assured that your company will achieve allthese aspirations while maintaining high levels of RMS.

I would like to take this opportunity to thank everyone who has contributed to bringingShare India to the place it is at today. Our enthusiastic teams who have worked tirelesslyto translate our vision into a reality deserve special acknowledgement here as do ourBoard of Directors who have clearly articulated a vision and provided unequivocalguidance. Above all I would like to thank every stakeholder who has entrusted theirconfidence in us and extended un inching support.

With your continued support and faith in our mission and vision for the future we lookforward to taking off on the back of the accomplishments we have achieved this far.

Thank you.

Parveen Gupta

Chairman & Managing Director

.