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Silly Monks Entertainment Ltd.

BSE: 535043 Sector: Media
NSE: SILLYMONKS ISIN Code: INE203Y01012
BSE 05:30 | 01 Jan Silly Monks Entertainment Ltd
NSE 00:00 | 31 Mar 25.20 0
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Silly Monks Entertainment Ltd. (SILLYMONKS) - Chairman Speech

Company chairman speech

Silly Monks Entertainment Limited

Dear Shareholders

On 20th Sept 2019 your company finishes 6 years of an amazing journey and enters themost exciting 7th year I am very sure it is going to be the best year our company wouldhave seen till date. With this promise I am excited to present the Annual Report forSilly Monks Entertainment Ltd. It's an opportunity for me to reach out to each of ourstakeholders with the financial reports in addition to the journey we have undertaken onthe roads less travelled. Before going public last year we had the opportunity to engagewith many PE funds and everyone close to us said if we wanted to raise the funds PE shouldbe the way with IPO there would be too many compliances leaving us feeling stifled. Wechose the latter for one reason alone that with PE one needs to work with just 2 or 3heads but when you go public the number varies between 300 - 600 if one is on emergeplatform and the same number changes to multiple of 1000's when you move to the NSEmainboard. For me dealing with more people was important because it gave me a sense ofresponsibility towards so many stakeholders which made me work harder. It gives me a senseof satisfaction when many stakeholders call us or meet us and we are able to share ourjourney listen to their viewpoints and suggestions. It feels like a huge extended familymakes us feel lucky to have the support of so many stakeholders.

At SillyMonks we always believe and continue to push the boundaries of creativity andare forever seeking new avenues to create our footprint onto. The entertainment marketpowered by the internet is expanding at a fast space and we are always looking foropportunities to take a share of the expanded pie. Growth for us has been a combination ofhard work the right strategy and a little bit of luck.

Financially we clocked 35% consolidated growth with a turnover of Rs. 21.21 Crs in FY18-19 and a standalone growth of 32% recording a turnover of Rs.11.23 Crores.

We wish to continue our hunger to grow continuously adding value to ourselves and ourbusiness.

Our promise to our shareholders at the time of going in for an IPO was to create a panIndia presence and by Sept 2018 we had functional offices in Kochi and Chennai and postthat we added an office in Bangalore and Mumbai.

We look forward to some amazing journey and will share the same with you the next timearound!

Thanking you all!

Yours Sincerely

Sanjay Reddy

Chairman & Managing Director

Silly Monks Entertainment Limited