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Steel City Securities Ltd.

BSE: 538404 Sector: Financials
NSE: STEELCITY ISIN Code: INE395H01011
BSE 05:30 | 01 Jan Steel City Securities Ltd
NSE 00:00 | 20 Feb 29.15 0.45
(1.57%)
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Steel City Securities Ltd. (STEELCITY) - Chairman Speech

Company chairman speech

Dear Shareholders

It gives immense pleasure to present before you the 25th Annual Report of our Company.Silver Jubilee year is a significant landmark and we all feel proud about relentlessjourney of two-and-half decades and leading as a most trusted Financial and E-GovernanceServices company in the Financial Markets PAN India.

FY2019 remained volatile and challenging for the overall markets with variousmacro-level headwinds like US–China trade tensions NBFC liquidity crisis anduncertainties at the political platform. As a result the overall sentiment weighedheavily on the activities at capital market levels. Despite such challenges during theyear we have grown our e-Governance business by 17% YOY.

We have presence in 1000+cities with 8574 franchises as on 31st March 2019. We haveprocessed on an average of 10Lakhs+ PAN cards per month during the last financial year. Wemade significant progress in utilizing our network via e-governance franchise to expandother services that laid the foundations for future growth in revenue profitability andshareholder value.

I am happy to share that our company got migrated to the Main Board of National StockExchange of India on 27th day of June 2019 from Emerge Platform of National StockExchange of India. A long dream of our company has come true by laying a foundation stoneto construct a five storyed corporate office building in the heart of the City atSeethammapeta Visakhapatnam with all amenities to provide the best customer services atall times. This is another mile stone recorded in the history of Steel City SecuritiesLimited.

Today Our Company is recognized as the preferred Financial Services Company amongstothers because of the trust we built and services that we offer to our existing potentialcustomers & our business partners throughout India. The credibility of our esteemedclients and employees is always a key-role in promoting the business at all times. Thework culture and commitment is always on top-priority to maintain the etiquette of theorganization.

We have strengthened our IT infrastructure to cater more E- Governance and Brokingcenters. The Introduction of both Steel city Mobile app and E-Kyc will drive the futuregrowth within broking business PAN India. We are an ISO 9001 Certified Company for morethan a decade. Further we are in the process of complying with ISO 27001 standards whichwill enhance the Cyber and Information Security of our Company.

Lastly I would like to thank all our most valuable Shareholders Business PartnersCustomers and Employees for their continuous and dedicated support in realizing our visionand goals. I would like to extend my gratitude to our Board of Directors for theircontinuous able guidance and support. We will explore every avenue which will help inimproving the growth of our organization. We are totally committed to put our hard anddedicated efforts to maximize the wealth of our stakeholders.

Yours Faithfully

K. Satyanarayana

Executive Chairman