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Shreyas Shipping & Logistics Ltd.

BSE: 520151 Sector: Infrastructure
NSE: SHREYAS ISIN Code: INE757B01015
BSE 00:00 | 24 Jun 173.65 0
(0.00%)
OPEN

176.15

HIGH

177.40

LOW

168.50

NSE 00:00 | 24 Jun 170.30 -3.95
(-2.27%)
OPEN

178.95

HIGH

178.95

LOW

168.00

OPEN 176.15
PREVIOUS CLOSE 173.65
VOLUME 7251
52-Week high 229.00
52-Week low 46.10
P/E 10.79
Mkt Cap.(Rs cr) 381
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 176.15
CLOSE 173.65
VOLUME 7251
52-Week high 229.00
52-Week low 46.10
P/E 10.79
Mkt Cap.(Rs cr) 381
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Shreyas Shipping & Logistics Ltd. (SHREYAS) - Chairman Speech

Company chairman speech

Dear Shareholders

The financial year 2019-20 was one of the most challenging years of the last decade.Geo- political instability economic slowdowns and changes in Government policies werecritical factors that had an impact on the global trade and industry. In the wake of theCovid-19 pandemic the challenging business environment got exacerbated and the outlookfor the global shipping industry was changed to 'negative' from 'stable' according to aMoody's report.

The Transworld Group as always has been unrelenting in facing the challenges. ShreyasShipping continued to be "India's Coastal Leader" despite the challengingbusiness environment and increased competition. Our broad array of services across Shipowning Feeder Liner Coastal Multimodal Logistics 3 PL Projects Conventional cargoetc. provides a capability to offer end to end stitched solutions from first mile to lastmile. We ended the financial year with 12 operating vessels with a capacity of 22794TEUs.

Our key characteristics and inherent strengths like tenacity to change resiliencerobust business continuity plan technology adaptation unmatched services and mostimportantly efficient and hardworking team kept our flag flying high. We were able toenvisage the adverse business environment during the year and we took the adequatestrategic measures of cutting costs which helped reduce the overall financial pressure onthe company.

During the financial year we introduced a host of digital offerings for our customers.Our ERP digitalization project is on the verge of a successful implementation. With Go -Live of most of the modules there is going to be a paradigm digital transformation in ourprocesses and the ease of customer interfaces. This digital platform will bringscalability faster turnaround time and better customer service.

Our Corporate Responsibility initiatives continue to impact people and the environmentacross locations. The most heartening factor has been the enthusiastic involvement of eachone of our staff members and even their families through the volunteering programme inthese selfless acts of service. Our Organizational purpose of 'Delivering Prosperity' toall continues to be our motivating force driving our CR initiatives. The number of livestouched and socio - environmental transformation driven by our CR team in the domains ofhealth food & water security stewardship of marine environment education arts& civic engagement gender equity and inclusion continues to increase and expand.

These initiatives resulted in your Company achieving various accolades. During the yearwe were accredited as a 'Great Place to Work' in India and UAE apart from CSR LabelCertification and many other accolades in trade forums which is a testimony of ourworkplace culture customer centricity and values.

The disruptions and challenges provide a great opportunity to further evolve grow andestablish our footprint and as we go forward. I would like to emphasize that the effortsof our staff members and support from their families for their commitment and zealdemonstrated during these unprecedented times has been heartening.

I would also like to extend my gratitude to the Transworld Anchors - our seafarersstaff from our field Operations - Warehouse Transport Port operations Admin teams. Whenthe world was in lockdown and working from home these Transworld Anchors were out onemergencies relentlessly working in the field ensuring on-time deliverables to ourcustomers.

Best Wishes

S. Ramakrishnan

Executive Chairman