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Uniinfo Telecom Services Ltd.

BSE: 535055 Sector: Telecom
NSE: UNIINFO ISIN Code: INE481Z01011
BSE 05:30 | 01 Jan Uniinfo Telecom Services Ltd
NSE 00:00 | 01 Jul 20.25 -1.05
(-4.93%)
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Uniinfo Telecom Services Ltd. (UNIINFO) - Chairman Speech

Company chairman speech

Greetings

I hope your family and you are keeping well in the midst ofunprecedented challenges created by pandemic COVID-19. Let me take this opportunity to payour sincere gratitude to each and every one working at the frontline to fight thispandemic.

It has been the most challenging year for all of us at UTSL.We haveendeavored to rapidly adapt to the scenario by prioritizing the health and safety of ourcolleagues and at the same time maintaining business continuity.

We are the foot soldiers of active telecom infrastructure working onthousands of sites on monthly basis. Most of our workforce has to daily move to multiplesites for ensuring upgradation optimization and continuity of telecom networks. As thesituation created by pandemic and related restrictions were unthinkable so was thecity-wise unlocking guidelines. It severely hampered our whole way of working as it had tobe reorganized frequently many times on daily basis due to unavailability of materialpublic transport site access and ever changing regulations.

Your company nonetheless kept on moving forward in its journey oftechnology advancement. I am happy to inform that our teams have been on the forefront of5G revolution designing and planning in-building solutions globally. With shift to 5Gtaking place simultaneously across countries opportunity has arisen globally for trustedreliable and technologically advanced telecom service solutions partner. We have greatopportunity to become a leading global telecom service solutions partner due to ourcapabilities experience and global exposure.

Everybody concurs that a robust telecommunications infrastructure is anessential service for delivering connectivity to people homes offices and governments.In adverse situation also it keeps our lives moving in seamless way. The remarkable shiftglobally towards digitization will increase spending on network capacities by operatorswhich in turn has immense possibility to provide strong tailwind to our business. InIndia we have expected upturn of capex cycle in FY21 but pandemic has delayed it. Nowwith ever increasing demand for high-speed connectivity and the impending 5G rolloutsrobust capex is expected sooner than later.

I am sharing with you the annual report for the financial year ending31st March 2021. The consolidated fiscal 2020-21 results are detailed in this AnnualReport. Our revenue from Indian operations is Rs. 40.85 Crores and we incurred a loss ofRs. 3.47 Crores. Our operations were badly hit by the pandemic; while we became profitablein H2 but the extent of damage in H1 was extremely severe which could not be mitigatedthereby leading to losses. The positive aspect has been that we were able to managetopline and client delivery despite of many challenges and stoppage of work for longduration. Our Thailand operations have now started full fledged and its result will showup once the situation normalizes.

I wish to extend my sincere appreciation to our management teamemployees shareholders clients business associates bankers and auditors for theircontributions to the Company. I would also like to thank my fellow directors for theirmotivation and support.

I am grateful for the continued faith shown by our business partnersand shareholders towards our vision of global technology company.

Kishore Kumar Bhuradia
Chairman cum Managing Director

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