1 00:00:06,400 --> 00:00:10,480 We are live now. Please start the 2 00:00:08,240 --> 00:00:13,280 meeting. 3 00:00:10,480 --> 00:00:16,400 Yes, we are starting. A very good 4 00:00:13,280 --> 00:00:19,680 afternoon to everyone. 5 00:00:16,400 --> 00:00:22,480 Myself Bajoria, senior VP and executive of 6 00:00:19,680 --> 00:00:26,640 your company. I welcome you all on 7 00:00:22,480 --> 00:00:29,439 behalf of your company to its 107 8 00:00:26,640 --> 00:00:31,679 annual J meeting which is being held 9 00:00:29,439 --> 00:00:34,800 today through video conferencing and 10 00:00:31,679 --> 00:00:36,559 other audio videos. 11 00:00:34,800 --> 00:00:39,120 This is in compliance with the circular 12 00:00:36,559 --> 00:00:41,360 issued by the ministry of corporate a 13 00:00:39,120 --> 00:00:43,200 applicable provisions of the company 14 00:00:41,360 --> 00:00:45,840 2013 15 00:00:43,200 --> 00:00:47,920 safety listing regulation. Company has 16 00:00:45,840 --> 00:00:50,879 taken all reasonable steps to ensure 17 00:00:47,920 --> 00:00:53,199 that the shareholders are provided and 18 00:00:50,879 --> 00:00:54,800 opportunity to participate in the annual 19 00:00:53,199 --> 00:00:57,520 meeting 20 00:00:54,800 --> 00:01:00,239 and go the facility for participating in 21 00:00:57,520 --> 00:01:02,879 the AVM through video conferencing is 22 00:01:00,239 --> 00:01:04,640 being provided by NSDL. 23 00:01:02,879 --> 00:01:07,600 I would like to bring your kind 24 00:01:04,640 --> 00:01:10,400 attention that in terms of the article 25 00:01:07,600 --> 00:01:12,400 58 of the articles of assession company 26 00:01:10,400 --> 00:01:15,600 Mr. Raji Mundra the chairman of the 27 00:01:12,400 --> 00:01:18,240 company shall proceed at the 107th 28 00:01:15,600 --> 00:01:20,880 annual meeting of the company. Before I 29 00:01:18,240 --> 00:01:22,880 hand over the proceedings of the meeting 30 00:01:20,880 --> 00:01:25,759 to the chairman, I would like to 31 00:01:22,880 --> 00:01:28,000 highlight certain points here. 32 00:01:25,759 --> 00:01:31,280 The joining of this meeting has opened 33 00:01:28,000 --> 00:01:34,640 15 minutes before the time scheduled 34 00:01:31,280 --> 00:01:36,400 for this meeting that is 3 p.m. and 35 00:01:34,640 --> 00:01:39,119 shall remain open throughout this 36 00:01:36,400 --> 00:01:41,439 meeting. Members are encouraged to join 37 00:01:39,119 --> 00:01:43,520 the meeting through their laptops and 38 00:01:41,439 --> 00:01:46,240 use their cell phone for a better 39 00:01:43,520 --> 00:01:49,520 experience. Further members are advised 40 00:01:46,240 --> 00:01:52,479 to use internet with a good speed to 41 00:01:49,520 --> 00:01:56,040 avoid any disturbance or disruption 42 00:01:52,479 --> 00:01:56,040 during the meeting. 43 00:01:57,360 --> 00:02:03,520 The register of directors at KMP and the 44 00:02:00,640 --> 00:02:06,240 register of contracts or arrangements 45 00:02:03,520 --> 00:02:08,479 have been made available electronically 46 00:02:06,240 --> 00:02:12,400 for inspection by the members during the 47 00:02:08,479 --> 00:02:15,280 AGM. Members seeking seeking to inspect 48 00:02:12,400 --> 00:02:17,840 such documents can send their request to 49 00:02:15,280 --> 00:02:21,040 security. 50 00:02:17,840 --> 00:02:23,280 employer don't count as the AGM is being 51 00:02:21,040 --> 00:02:25,520 held through video conferencing 52 00:02:23,280 --> 00:02:28,640 conference the facility for appointment 53 00:02:25,520 --> 00:02:31,200 of proxy by the member was not 54 00:02:28,640 --> 00:02:34,160 applicable and hence inspection of proxy 55 00:02:31,200 --> 00:02:36,319 register does not arise the company has 56 00:02:34,160 --> 00:02:38,080 provided the facility to cast the board 57 00:02:36,319 --> 00:02:40,239 electoral 58 00:02:38,080 --> 00:02:43,200 on all resolutions set forth in the 59 00:02:40,239 --> 00:02:46,080 notice conveying this aging members who 60 00:02:43,200 --> 00:02:48,879 have not yet cast their vote for remote 61 00:02:46,080 --> 00:02:51,440 e voting and who are participating in 62 00:02:48,879 --> 00:02:56,040 this meeting will have an opportunity to 63 00:02:51,440 --> 00:02:56,040 cause the vote at the 64 00:02:59,040 --> 00:03:02,920 at the end of the 65 00:03:04,800 --> 00:03:09,440 me the company sorry the company has 66 00:03:07,599 --> 00:03:12,080 provided the facility to cast the boards 67 00:03:09,440 --> 00:03:15,040 electorally on all resolutions set forth 68 00:03:12,080 --> 00:03:18,000 in the what is convening the aim members 69 00:03:15,040 --> 00:03:20,959 who have not yet cast their vote through 70 00:03:18,000 --> 00:03:23,120 remote e voting and who are 71 00:03:20,959 --> 00:03:25,200 participating in the meeting will have 72 00:03:23,120 --> 00:03:27,760 an opportunity to cast their vote at the 73 00:03:25,200 --> 00:03:30,080 end of the at the end of the meeting 74 00:03:27,760 --> 00:03:32,720 through the e voting system provided by 75 00:03:30,080 --> 00:03:35,680 annier when the same is announced by the 76 00:03:32,720 --> 00:03:38,319 chairman with this I now hand over the 77 00:03:35,680 --> 00:03:41,519 proceedings to the chairman I'll request 78 00:03:38,319 --> 00:03:42,879 him to take it forward over to you 79 00:03:41,519 --> 00:03:45,280 chairman 80 00:03:42,879 --> 00:03:48,480 thank you Mr. 81 00:03:45,280 --> 00:03:51,360 Good afternoon ladies and gentlemen. I 82 00:03:48,480 --> 00:03:53,920 extend my hearty welcome to all of you 83 00:03:51,360 --> 00:03:56,879 for the 107th annual general meeting of 84 00:03:53,920 --> 00:03:58,799 your company. Since the requisite quorum 85 00:03:56,879 --> 00:04:01,040 is present, I hereby have I call the 86 00:03:58,799 --> 00:04:03,200 meeting to order. All the directors of 87 00:04:01,040 --> 00:04:05,200 the company are present through video 88 00:04:03,200 --> 00:04:07,120 conferencing from their respective 89 00:04:05,200 --> 00:04:08,879 locations. 90 00:04:07,120 --> 00:04:11,840 The representatives of strategy 91 00:04:08,879 --> 00:04:13,840 auditors, secretarial auditor, the cost 92 00:04:11,840 --> 00:04:16,400 auditor of the company are also present 93 00:04:13,840 --> 00:04:18,720 through video conferencing. In case of 94 00:04:16,400 --> 00:04:21,440 any technical disruption or failure, if 95 00:04:18,720 --> 00:04:24,320 I lose connectivity, Mr. Enk Kakani 96 00:04:21,440 --> 00:04:28,440 shall take the chair and continue the 97 00:04:24,320 --> 00:04:28,440 proceedings of the meeting. 98 00:04:29,759 --> 00:04:33,600 Ladies and gentlemen, the notice 99 00:04:31,440 --> 00:04:35,919 convening with AGM along with the 100 00:04:33,600 --> 00:04:38,240 audited financial statements, board 101 00:04:35,919 --> 00:04:41,040 report, auditor's report for the 102 00:04:38,240 --> 00:04:43,199 financial year 2425 103 00:04:41,040 --> 00:04:45,199 have been with you for some time now. 104 00:04:43,199 --> 00:04:47,120 The auditor's report for the financial 105 00:04:45,199 --> 00:04:49,680 year 106 00:04:47,120 --> 00:04:52,479 2024 and 25 do not contain any 107 00:04:49,680 --> 00:04:58,320 qualifications. I would like to further 108 00:04:52,479 --> 00:05:00,320 add and inform you that 109 00:04:58,320 --> 00:05:02,639 during our last board meeting we have 110 00:05:00,320 --> 00:05:04,160 approved the appointment of Mr. SK 111 00:05:02,639 --> 00:05:07,199 Bhachara 112 00:05:04,160 --> 00:05:11,199 as a full-time director and an interim 113 00:05:07,199 --> 00:05:14,199 CFO with effect from 13th August 2025 114 00:05:11,199 --> 00:05:14,199 and 115 00:05:15,520 --> 00:05:21,919 September 1st September 2025 116 00:05:18,720 --> 00:05:25,280 respectively for a period till 31st 117 00:05:21,919 --> 00:05:27,919 March 26 with your permission I shall 118 00:05:25,280 --> 00:05:29,759 take them as read 119 00:05:27,919 --> 00:05:31,360 in compliance with the provisions of the 120 00:05:29,759 --> 00:05:33,520 companies act and the seisting 121 00:05:31,360 --> 00:05:36,160 regulation Your company has extended 122 00:05:33,520 --> 00:05:38,720 remote e voting facility to its members 123 00:05:36,160 --> 00:05:41,280 to the transact the business set out in 124 00:05:38,720 --> 00:05:44,240 the notice of the AGM. The said remote 125 00:05:41,280 --> 00:05:49,199 e- voting facility was available from 126 00:05:44,240 --> 00:05:52,240 21st September 25 to 24th September 25. 127 00:05:49,199 --> 00:05:54,800 Mr. Atun Kumar La Secretary in practice 128 00:05:52,240 --> 00:05:57,039 has been appointed as the scrutinizer 129 00:05:54,800 --> 00:05:59,919 for scrutinizing the remote e voting 130 00:05:57,039 --> 00:06:02,960 facility as well as for the e voting at 131 00:05:59,919 --> 00:06:06,479 at this in a fair and a transparent 132 00:06:02,960 --> 00:06:08,400 manner. Members who have not cast their 133 00:06:06,479 --> 00:06:10,720 votes through remote e voting facility 134 00:06:08,400 --> 00:06:13,280 and who are present in this meeting will 135 00:06:10,720 --> 00:06:16,400 have an opportunity to cast their votes 136 00:06:13,280 --> 00:06:18,800 through e voting system. At the end of 137 00:06:16,400 --> 00:06:20,720 the meeting, the results would be 138 00:06:18,800 --> 00:06:23,680 declared after considering the e voting 139 00:06:20,720 --> 00:06:25,680 at the AGM and the remote e voting 140 00:06:23,680 --> 00:06:27,600 already done. The results would be 141 00:06:25,680 --> 00:06:29,840 submitted to stock exchange within 48 142 00:06:27,600 --> 00:06:32,479 hours of conclusion of the meeting and 143 00:06:29,840 --> 00:06:34,880 would be placed on the website of the 144 00:06:32,479 --> 00:06:37,680 company. Now I would like to gent you an 145 00:06:34,880 --> 00:06:41,600 overview of the financial performance 146 00:06:37,680 --> 00:06:44,160 and the future outlook of your company. 147 00:06:41,600 --> 00:06:46,720 It gives me great pleasure to welcome 148 00:06:44,160 --> 00:06:50,720 you all for the 107th annual J meeting 149 00:06:46,720 --> 00:06:53,039 of your company. I extend my sincere 150 00:06:50,720 --> 00:06:56,160 gratitude to all the shareholders for 151 00:06:53,039 --> 00:06:58,880 their continued trust support in the 152 00:06:56,160 --> 00:07:01,120 company. Your your presence today is a 153 00:06:58,880 --> 00:07:03,840 testament to the faith you have placed 154 00:07:01,120 --> 00:07:06,160 in us and we truly value our partnership 155 00:07:03,840 --> 00:07:07,680 in the journey. The annual report 156 00:07:06,160 --> 00:07:10,000 together with audited financial 157 00:07:07,680 --> 00:07:12,800 statements and director's report for the 158 00:07:10,000 --> 00:07:15,360 year ended 31st March 25 are already 159 00:07:12,800 --> 00:07:18,400 with you and with your consent I'm 160 00:07:15,360 --> 00:07:21,840 taking them as red. The year under you 161 00:07:18,400 --> 00:07:24,720 has been a period of resilience, growth 162 00:07:21,840 --> 00:07:27,440 and strategic progress for your company. 163 00:07:24,720 --> 00:07:29,680 It has been transformative. 164 00:07:27,440 --> 00:07:32,080 After navigating a prolonged period of 165 00:07:29,680 --> 00:07:35,039 challenges, the company has embarked on 166 00:07:32,080 --> 00:07:39,440 a structured revival path, laying the 167 00:07:35,039 --> 00:07:43,120 foundation of Simplex 2 2.0. Your 168 00:07:39,440 --> 00:07:46,319 vision, our vision for a dynamic, modern 169 00:07:43,120 --> 00:07:48,240 and a thriving enterprise. The landmark 170 00:07:46,319 --> 00:07:51,440 development during the year has been the 171 00:07:48,240 --> 00:07:53,120 successful debt restructuring 172 00:07:51,440 --> 00:07:58,160 through 173 00:07:53,120 --> 00:08:00,000 our lenders NCL and other and others. 174 00:07:58,160 --> 00:08:02,160 This resolution has not only 175 00:08:00,000 --> 00:08:04,800 strengthened the balance sheet but has 176 00:08:02,160 --> 00:08:07,759 also provided renewed financial 177 00:08:04,800 --> 00:08:10,479 stability, a crucial step in res 178 00:08:07,759 --> 00:08:14,080 restoring long-term growth prospects. 179 00:08:10,479 --> 00:08:16,960 The restructuring which encompass debt 180 00:08:14,080 --> 00:08:19,360 resolution, asset rationalization and 181 00:08:16,960 --> 00:08:21,759 project portfolio optimization has 182 00:08:19,360 --> 00:08:24,639 already started yielding positive 183 00:08:21,759 --> 00:08:26,560 outcomes. Operations have stabilized. 184 00:08:24,639 --> 00:08:30,080 The working capital resources have 185 00:08:26,560 --> 00:08:33,599 improved and our stakeholder confidence 186 00:08:30,080 --> 00:08:36,159 is is progressively 187 00:08:33,599 --> 00:08:38,479 being restored. 188 00:08:36,159 --> 00:08:42,159 Another significant milestone was the 189 00:08:38,479 --> 00:08:45,600 successful completion of 190 00:08:42,159 --> 00:08:48,000 rupees 423 crores fundraising through 191 00:08:45,600 --> 00:08:50,000 private placement of equity shares and 192 00:08:48,000 --> 00:08:53,399 convertible 193 00:08:50,000 --> 00:08:53,399 with marquee 194 00:08:53,519 --> 00:08:58,959 investors. 195 00:08:55,920 --> 00:09:02,000 This will strengthen our balance sheet 196 00:08:58,959 --> 00:09:04,399 and will aid in the turnaround strategy 197 00:09:02,000 --> 00:09:06,399 and the growth outlook. The funds will 198 00:09:04,399 --> 00:09:08,000 be utilized to further strengthen a 199 00:09:06,399 --> 00:09:10,320 balance sheet, enhance execution 200 00:09:08,000 --> 00:09:13,600 capabilities and accelerate project 201 00:09:10,320 --> 00:09:16,240 delivery, creating sustained value for 202 00:09:13,600 --> 00:09:17,920 all stakeholders. 203 00:09:16,240 --> 00:09:20,320 The construction and infrastructure 204 00:09:17,920 --> 00:09:23,440 sector remains a key driver for the 205 00:09:20,320 --> 00:09:26,320 economic growth outlook. 206 00:09:23,440 --> 00:09:28,720 The government's unwavering focus on 207 00:09:26,320 --> 00:09:30,560 nation building through initiatives such 208 00:09:28,720 --> 00:09:33,360 as 209 00:09:30,560 --> 00:09:36,399 national infrastructure pipeline, gataki 210 00:09:33,360 --> 00:09:40,760 master plan, national logistics policy, 211 00:09:36,399 --> 00:09:40,760 saga mala, uran 212 00:09:40,880 --> 00:09:46,000 just to name a few present a robust 213 00:09:43,760 --> 00:09:50,080 pipeline of opportunities for industry 214 00:09:46,000 --> 00:09:51,839 players over a with over a century of 215 00:09:50,080 --> 00:09:54,080 proven credentials, strong 216 00:09:51,839 --> 00:09:56,959 pre-qualification cap capabilities and 217 00:09:54,080 --> 00:09:59,279 technical expertise. Simplex is uniquely 218 00:09:56,959 --> 00:10:02,279 positioned to capture these 219 00:09:59,279 --> 00:10:02,279 opportunities. 220 00:10:03,040 --> 00:10:08,720 There would be challenges on the way to 221 00:10:05,120 --> 00:10:11,600 the growth, but we will continue to 222 00:10:08,720 --> 00:10:14,320 navigate these challenges with agility, 223 00:10:11,600 --> 00:10:16,959 leveraging our strength and staying true 224 00:10:14,320 --> 00:10:19,360 to our core values. 225 00:10:16,959 --> 00:10:22,320 As we move forward, we are determined to 226 00:10:19,360 --> 00:10:25,760 transform simplex into a future ready 227 00:10:22,320 --> 00:10:28,800 EPC company align aligning with India's 228 00:10:25,760 --> 00:10:30,959 dynamic growth agenda. Encouragingly, 229 00:10:28,800 --> 00:10:33,360 this transformation has already begun to 230 00:10:30,959 --> 00:10:36,000 bear fruit with the company securing 231 00:10:33,360 --> 00:10:38,720 fresh orders across core sectors, a 232 00:10:36,000 --> 00:10:41,040 testament to market confidence in our 233 00:10:38,720 --> 00:10:44,640 capabilities. 234 00:10:41,040 --> 00:10:47,519 We have been regularly bidding for large 235 00:10:44,640 --> 00:10:51,440 projects on the industrial side, the 236 00:10:47,519 --> 00:10:54,640 road side, the water side and we expect 237 00:10:51,440 --> 00:10:58,320 to achieve success in some of these 238 00:10:54,640 --> 00:11:00,720 standards very shortly. 239 00:10:58,320 --> 00:11:03,120 While we continue to prudently grow in 240 00:11:00,720 --> 00:11:04,640 the areas where we have developed strong 241 00:11:03,120 --> 00:11:06,800 expertise 242 00:11:04,640 --> 00:11:09,120 and the PQ over 100 years, we are 243 00:11:06,800 --> 00:11:12,320 equally focused on exploring new 244 00:11:09,120 --> 00:11:15,360 opportunities within the EPC domain. Our 245 00:11:12,320 --> 00:11:17,519 strategic priorities remain clear to 246 00:11:15,360 --> 00:11:20,079 strengthen execution excellence, 247 00:11:17,519 --> 00:11:22,160 maintain financial discipline, optimize 248 00:11:20,079 --> 00:11:24,720 capital allocation and deliver 249 00:11:22,160 --> 00:11:27,200 sustainable and long-term stakeholder 250 00:11:24,720 --> 00:11:29,920 value. In a sense, our goal is to 251 00:11:27,200 --> 00:11:32,240 balance growth with stability and 252 00:11:29,920 --> 00:11:34,399 resilience and ensuring that the simplex 253 00:11:32,240 --> 00:11:36,800 continues to thrive for a decade to 254 00:11:34,399 --> 00:11:40,160 come. 255 00:11:36,800 --> 00:11:42,320 Before I conclude, I would like to thank 256 00:11:40,160 --> 00:11:45,279 my distinguished board members for their 257 00:11:42,320 --> 00:11:47,680 guidance and support over the years. I 258 00:11:45,279 --> 00:11:49,680 would like to also express my gratitude 259 00:11:47,680 --> 00:11:52,240 to the entire management team and 260 00:11:49,680 --> 00:11:54,399 employees for their hard work, 261 00:11:52,240 --> 00:11:56,800 dedication and commitment. Their 262 00:11:54,399 --> 00:11:59,519 tireless effort has been instrumental in 263 00:11:56,800 --> 00:12:01,440 driving our success. I also extend my 264 00:11:59,519 --> 00:12:03,920 sincere thank to our esteemed 265 00:12:01,440 --> 00:12:07,519 shareholders, clients, business 266 00:12:03,920 --> 00:12:09,120 partners, lenders, rating agencies, and 267 00:12:07,519 --> 00:12:11,839 all other stakeholders for their 268 00:12:09,120 --> 00:12:14,320 continued trust and support. I assure 269 00:12:11,839 --> 00:12:16,320 you that we remain committed to creating 270 00:12:14,320 --> 00:12:18,480 long-term value and delivering 271 00:12:16,320 --> 00:12:20,800 sustainable growth for all our 272 00:12:18,480 --> 00:12:23,839 stakeholders. Together, we have built a 273 00:12:20,800 --> 00:12:26,480 company that is not only resilient and 274 00:12:23,839 --> 00:12:28,639 successful, but also poised for 275 00:12:26,480 --> 00:12:30,880 long-term growth. Thank you for your 276 00:12:28,639 --> 00:12:33,920 attention and I look forward to your 277 00:12:30,880 --> 00:12:38,200 continued support as we embark on the 278 00:12:33,920 --> 00:12:38,200 next pill of our journey. 279 00:12:46,399 --> 00:12:50,320 Thank you for your patience. I I can 280 00:12:48,480 --> 00:12:53,680 only assure you we'll put in our best 281 00:12:50,320 --> 00:12:56,560 efforts going forward and our management 282 00:12:53,680 --> 00:12:59,680 team is quite committed to see that the 283 00:12:56,560 --> 00:13:04,040 turn of this company happens 284 00:12:59,680 --> 00:13:04,040 at the fastest possible pace. 285 00:13:05,360 --> 00:13:10,880 Now I would like to uh invite the 286 00:13:08,800 --> 00:13:12,959 shareholders who have registered and 287 00:13:10,880 --> 00:13:15,760 have provide have been provided specific 288 00:13:12,959 --> 00:13:18,720 links to log to the meeting. We request 289 00:13:15,760 --> 00:13:21,040 speakers to be concise in their speeches 290 00:13:18,720 --> 00:13:23,440 and uh queries and try to conclude 291 00:13:21,040 --> 00:13:26,000 within 3 minutes for the benefit of 292 00:13:23,440 --> 00:13:28,079 other shareholders. There might be 293 00:13:26,000 --> 00:13:31,360 similar questions among shareholders. 294 00:13:28,079 --> 00:13:33,680 All the qu all the answers will be given 295 00:13:31,360 --> 00:13:36,680 at once. We request you not to be 296 00:13:33,680 --> 00:13:36,680 repetitive. 297 00:13:39,360 --> 00:13:49,600 May I uh request Miss Lily Pradhan uh 298 00:13:45,680 --> 00:13:50,720 who has registered as a speaker to to 299 00:13:49,600 --> 00:13:52,800 speak? 300 00:13:50,720 --> 00:13:55,120 Lily Pradhan is not present in the 301 00:13:52,800 --> 00:13:58,160 meeting. Shall we move ahead? 302 00:13:55,120 --> 00:13:59,680 Yes. May I request Mr. Mahesh Kumar 303 00:13:58,160 --> 00:14:03,760 Bhna? 304 00:13:59,680 --> 00:14:05,839 Mr. Mahesh Kumar Gupna 305 00:14:03,760 --> 00:14:08,480 who was also registered as a speaker. 306 00:14:05,839 --> 00:14:11,040 Mahesh Kumar Mahesh Kumar is not present 307 00:14:08,480 --> 00:14:14,240 in the meeting. Shall we move ahead? 308 00:14:11,040 --> 00:14:17,199 Yes. May I request Mr. Santosh Kumar 309 00:14:14,240 --> 00:14:20,399 Saraf who has registered as a speaker. 310 00:14:17,199 --> 00:14:22,720 Mr. Santosh Kumar Saraf 311 00:14:20,399 --> 00:14:25,279 he be unmuted so that he can speak. Mr. 312 00:14:22,720 --> 00:14:28,279 Toshumar 313 00:14:25,279 --> 00:14:28,279 is 314 00:14:29,040 --> 00:14:33,639 a 315 00:14:30,639 --> 00:14:33,639 man. 316 00:14:45,040 --> 00:14:48,040 Sir, 317 00:15:12,000 --> 00:15:15,000 CFO 318 00:15:29,839 --> 00:15:33,480 under construction. 319 00:15:56,959 --> 00:15:59,959 Next 320 00:16:00,000 --> 00:16:03,000 project. 321 00:16:16,399 --> 00:16:19,800 Sir, womanst 322 00:16:47,040 --> 00:16:51,240 Healthy wealthy person. 323 00:16:59,519 --> 00:17:02,680 Festival. for 324 00:17:29,200 --> 00:17:31,280 logo. 325 00:17:41,120 --> 00:17:46,840 Thank you. Thank you for all your kind 326 00:17:43,840 --> 00:17:46,840 words. 327 00:17:48,000 --> 00:17:55,440 So thank you for your support. 328 00:17:52,080 --> 00:17:58,559 May I request Mr. Lokesh Gupta 329 00:17:55,440 --> 00:18:00,640 was registered as speaker API. Mr. 330 00:17:58,559 --> 00:18:03,039 Lokesh Gupta is not present in the 331 00:18:00,640 --> 00:18:06,880 meeting. Shall we move ahead? 332 00:18:03,039 --> 00:18:11,360 May I request Mr. Ji Bakshi who is also 333 00:18:06,880 --> 00:18:13,200 registered as speaker. Mr. Ji Pakshi. 334 00:18:11,360 --> 00:18:15,360 Yes. Very good afternoon chairman and 335 00:18:13,200 --> 00:18:17,520 board of directors myself Jade Bakshi 336 00:18:15,360 --> 00:18:19,200 connecting from the city of Kolkata. 337 00:18:17,520 --> 00:18:20,880 First of all I convey my thanks to our 338 00:18:19,200 --> 00:18:23,039 company secretary for presenting a 339 00:18:20,880 --> 00:18:25,600 detailed and informative annual report 340 00:18:23,039 --> 00:18:27,679 and giving me an opportunity to express 341 00:18:25,600 --> 00:18:29,600 my views. Sir the initial speech was 342 00:18:27,679 --> 00:18:31,679 very much informative about our company 343 00:18:29,600 --> 00:18:33,840 appears. So there remains no questions 344 00:18:31,679 --> 00:18:35,520 to ask. Just want to know how much 345 00:18:33,840 --> 00:18:38,080 percentage of market share are we 346 00:18:35,520 --> 00:18:41,039 enjoying and how much are we better off 347 00:18:38,080 --> 00:18:42,960 than our competitors and uh because this 348 00:18:41,039 --> 00:18:45,440 is now this infrastructure government of 349 00:18:42,960 --> 00:18:48,799 India is supporting. So how much are we 350 00:18:45,440 --> 00:18:51,360 leveraging this uh uh this system the 351 00:18:48,799 --> 00:18:52,960 kindly share and latest technology how 352 00:18:51,360 --> 00:18:55,200 much are we implementing and green 353 00:18:52,960 --> 00:18:56,880 energy which every industry is trying to 354 00:18:55,200 --> 00:18:59,679 implement to reduce our carbon 355 00:18:56,880 --> 00:19:01,600 implementation kindly share and that's 356 00:18:59,679 --> 00:19:04,000 all from my side I wish the company all 357 00:19:01,600 --> 00:19:06,559 the best in the coming years and uh 358 00:19:04,000 --> 00:19:08,720 festive greetings to all present sir in 359 00:19:06,559 --> 00:19:09,840 the today's video conference namaskar 360 00:19:08,720 --> 00:19:13,080 sir 361 00:19:09,840 --> 00:19:13,080 thank you 362 00:19:13,840 --> 00:19:22,160 Now sir Lily Pradhan is present. 363 00:19:17,039 --> 00:19:24,000 May I request Miss Lily Pradhan to Am I 364 00:19:22,160 --> 00:19:24,640 am I? 365 00:19:24,000 --> 00:19:28,080 Yes. 366 00:19:24,640 --> 00:19:30,480 Am I okay? 367 00:19:28,080 --> 00:19:33,200 Yes. Chairman board members and fellow 368 00:19:30,480 --> 00:19:35,840 shareholder myself longstanding 369 00:19:33,200 --> 00:19:38,240 shareholder from Kolkata attending 370 00:19:35,840 --> 00:19:40,000 through video conference. I admire the 371 00:19:38,240 --> 00:19:42,640 secretary's coordination, very good 372 00:19:40,000 --> 00:19:44,720 appreciate your personal genu. Chairman 373 00:19:42,640 --> 00:19:47,280 sir, I am genuinely proud of your 374 00:19:44,720 --> 00:19:50,400 polite, decent, hardworking, patienceful 375 00:19:47,280 --> 00:19:52,240 nature and humbling leadership which 376 00:19:50,400 --> 00:19:54,880 inspire great confidence among 377 00:19:52,240 --> 00:19:57,200 shareholder. I am hopeful that under 378 00:19:54,880 --> 00:19:59,440 your heavy guidance our company will 379 00:19:57,200 --> 00:20:03,039 continue to achieve greater and greater 380 00:19:59,440 --> 00:20:06,080 success in coming year. Thank you. I am 381 00:20:03,039 --> 00:20:09,280 only one question. What is aim and 382 00:20:06,080 --> 00:20:12,640 object of future development by applying 383 00:20:09,280 --> 00:20:15,200 AI technology? Nothing more. Chairman 384 00:20:12,640 --> 00:20:17,200 sir, please consider the valicitation 385 00:20:15,200 --> 00:20:19,760 for rewards. 386 00:20:17,200 --> 00:20:23,039 It's very important for encouragement 387 00:20:19,760 --> 00:20:27,760 and appreciation. Chairman sir, please 388 00:20:23,039 --> 00:20:30,159 listen to me. Long time we are deprived. 389 00:20:27,760 --> 00:20:32,240 Please consider the rewards for 390 00:20:30,159 --> 00:20:35,600 felicitation. Thank you sir. Thank you 391 00:20:32,240 --> 00:20:39,520 so much. members ask a question 392 00:20:35,600 --> 00:20:43,200 depending on the availability of time 393 00:20:39,520 --> 00:20:49,039 may may I request uh 394 00:20:43,200 --> 00:20:49,039 Mr. Khani uh to answer the questions Mr. 395 00:20:58,720 --> 00:21:04,159 request 396 00:21:00,559 --> 00:21:07,039 here to answer the question. 397 00:21:04,159 --> 00:21:09,600 Hello. Now I've been unmuted. 398 00:21:07,039 --> 00:21:10,159 Yes, it is. 399 00:21:09,600 --> 00:21:12,000 Yes, ma'am. 400 00:21:10,159 --> 00:21:14,720 Basically, the question question is 401 00:21:12,000 --> 00:21:17,440 about uh the business of the company. 402 00:21:14,720 --> 00:21:22,000 The order book of the company as of now 403 00:21:17,440 --> 00:21:25,360 is uh 1,500 cr which is very well spread 404 00:21:22,000 --> 00:21:28,799 out uh into several sectors. Roads 405 00:21:25,360 --> 00:21:34,799 contribute 20 uh roads contribute uh 25% 406 00:21:28,799 --> 00:21:40,159 building 24% power 21% piling 16% and 407 00:21:34,799 --> 00:21:44,080 urban inra 14%. And uh the sources are 408 00:21:40,159 --> 00:21:47,600 53% from uh government and 47% from 409 00:21:44,080 --> 00:21:51,360 private sector. Then uh domestic is 410 00:21:47,600 --> 00:21:54,720 about 85% and 15% is overseas. And 411 00:21:51,360 --> 00:21:58,720 looking at the bids already tendered 412 00:21:54,720 --> 00:22:02,000 which are about 1,900 cr uh that gives a 413 00:21:58,720 --> 00:22:06,159 glimpse of the order book uh which may 414 00:22:02,000 --> 00:22:09,840 happen in future. roads 12% building 8% 415 00:22:06,159 --> 00:22:12,720 power 45% piling 5% and industrial 416 00:22:09,840 --> 00:22:15,760 structure 30%. So that is where our 417 00:22:12,720 --> 00:22:18,480 strength always lie and we have PQ in 418 00:22:15,760 --> 00:22:21,360 all the sectors and uh the order book 419 00:22:18,480 --> 00:22:24,000 will be basically uh for about 18 420 00:22:21,360 --> 00:22:26,640 months. So we are concentrating on short 421 00:22:24,000 --> 00:22:28,559 duration medium duration projects piling 422 00:22:26,640 --> 00:22:32,240 are very short duration and others will 423 00:22:28,559 --> 00:22:34,640 be 18 months. So visibility is good and 424 00:22:32,240 --> 00:22:36,640 uh we will be able to uh achieve the 425 00:22:34,640 --> 00:22:39,679 target for this year which is a modest 426 00:22:36,640 --> 00:22:41,600 target of about 1,000 cr and that we 427 00:22:39,679 --> 00:22:43,360 will be able to achieve because the the 428 00:22:41,600 --> 00:22:47,440 working capital infusion has already 429 00:22:43,360 --> 00:22:49,840 taken place. So that was the only 430 00:22:47,440 --> 00:22:53,919 deficiency which we had that has plugged 431 00:22:49,840 --> 00:22:55,440 with the equity issue. So far as uh new 432 00:22:53,919 --> 00:22:56,720 technology is concerned, we are always 433 00:22:55,440 --> 00:22:59,679 up to date with the technology of 434 00:22:56,720 --> 00:23:02,720 construction for minimizing wastages and 435 00:22:59,679 --> 00:23:05,520 uh renewal energy etc because the 436 00:23:02,720 --> 00:23:07,360 projects are spread out throughout the 437 00:23:05,520 --> 00:23:10,640 country in country location outside 438 00:23:07,360 --> 00:23:13,600 location. So whatever power is available 439 00:23:10,640 --> 00:23:17,120 or we have to use sets 440 00:23:13,600 --> 00:23:19,039 then carbon black carbon credit etc 441 00:23:17,120 --> 00:23:21,679 question has not been attended to yet. 442 00:23:19,039 --> 00:23:24,320 we have to first uh put our uh business 443 00:23:21,679 --> 00:23:28,400 onto a uh higher growth and profitable 444 00:23:24,320 --> 00:23:31,520 trajectory. The GST reforms uh will 445 00:23:28,400 --> 00:23:33,200 basically reduce the working capital uh 446 00:23:31,520 --> 00:23:35,520 blockage 447 00:23:33,200 --> 00:23:38,159 otherwise uh it is only pass through 448 00:23:35,520 --> 00:23:41,600 mechanism. We will not be benefited or 449 00:23:38,159 --> 00:23:43,520 will not be adversely affected. 450 00:23:41,600 --> 00:23:45,440 Of course the dividend etc will be 451 00:23:43,520 --> 00:23:48,720 possible only when the company performs 452 00:23:45,440 --> 00:23:50,640 and the loans etc are reasonably repaid. 453 00:23:48,720 --> 00:23:53,039 So that restrictions are no longer in 454 00:23:50,640 --> 00:23:56,240 place. We are looking forward to and 455 00:23:53,039 --> 00:23:58,080 working towards higher growth with 456 00:23:56,240 --> 00:24:01,679 higher profitability 457 00:23:58,080 --> 00:24:04,960 so that company comes to its original 458 00:24:01,679 --> 00:24:07,520 glory as in the past. Thank you. 459 00:24:04,960 --> 00:24:10,159 Thank you Mr. Mr. You want to add 460 00:24:07,520 --> 00:24:11,760 anything to what Mr. Kakani has said? 461 00:24:10,159 --> 00:24:14,720 Almost all the questions have been 462 00:24:11,760 --> 00:24:17,600 answered by Mr. Kakani. 463 00:24:14,720 --> 00:24:20,960 uh only one question left which was not 464 00:24:17,600 --> 00:24:23,679 attended by Mr. coming that is uh San 465 00:24:20,960 --> 00:24:25,200 Shto G asked one question woman 466 00:24:23,679 --> 00:24:28,960 empowerment 467 00:24:25,200 --> 00:24:31,440 already we have number of women staff 468 00:24:28,960 --> 00:24:33,840 who are in senior positions and 469 00:24:31,440 --> 00:24:37,679 contributing to the company and we are 470 00:24:33,840 --> 00:24:42,000 gradually trying to engage more 471 00:24:37,679 --> 00:24:45,279 competent women for our growth in future 472 00:24:42,000 --> 00:24:49,120 test which is in our mind and plan 473 00:24:45,279 --> 00:24:52,880 management is also balancing both woman 474 00:24:49,120 --> 00:24:56,480 and men in the staff 475 00:24:52,880 --> 00:25:00,240 uh employment in future also. This is 476 00:24:56,480 --> 00:25:03,520 only one question left out almost all 477 00:25:00,240 --> 00:25:07,600 questions and markets are enjoying in 478 00:25:03,520 --> 00:25:10,720 operation that is joy. 479 00:25:07,600 --> 00:25:14,240 Now our turnover is not much than what 480 00:25:10,720 --> 00:25:18,240 we perform in earlier years and it is 481 00:25:14,240 --> 00:25:21,440 not much in comparison to the total 482 00:25:18,240 --> 00:25:25,919 construction or infrastructure industry. 483 00:25:21,440 --> 00:25:30,240 It was not exactly calculated the share 484 00:25:25,919 --> 00:25:34,880 but in future years as per our plan we 485 00:25:30,240 --> 00:25:38,880 will regain our participation or market 486 00:25:34,880 --> 00:25:42,960 share in the future years to come. 487 00:25:38,880 --> 00:25:45,600 This is all from my side. 488 00:25:42,960 --> 00:25:48,960 Thank you Mr. Kakani and thank you Mr. 489 00:25:45,600 --> 00:25:51,840 Pritara for answering all the questions. 490 00:25:48,960 --> 00:25:54,799 If you have uh addressed all the 491 00:25:51,840 --> 00:25:57,520 questions have been responded to and if 492 00:25:54,799 --> 00:25:59,440 any further clarifications 493 00:25:57,520 --> 00:26:04,000 are required you are welcome to get in 494 00:25:59,440 --> 00:26:08,360 touch with Mr. S. Khara director and Mr. 495 00:26:04,000 --> 00:26:08,360 Bajora company secretary 496 00:26:12,240 --> 00:26:16,000 the remote e- voting has already been 497 00:26:14,159 --> 00:26:18,960 done on the business set out in the 498 00:26:16,000 --> 00:26:22,000 notice of AGM. Members attending the AGM 499 00:26:18,960 --> 00:26:25,520 today who have not already cast their 500 00:26:22,000 --> 00:26:28,240 vote by remote e- voting may cast their 501 00:26:25,520 --> 00:26:32,080 vote on e voting platform. Now you are 502 00:26:28,240 --> 00:26:35,279 given 15 minutes for e voting. I once 503 00:26:32,080 --> 00:26:38,960 again thank you for for all to all for 504 00:26:35,279 --> 00:26:41,600 participating in the AGN. We are we are 505 00:26:38,960 --> 00:26:44,080 now nearing the end of this meeting. I 506 00:26:41,600 --> 00:26:46,320 request Mr. Abdul Kumar L the 507 00:26:44,080 --> 00:26:50,559 scrutinizer to scrutinize the e voting 508 00:26:46,320 --> 00:26:53,840 in a fair and a transparent manner. 509 00:26:50,559 --> 00:26:57,039 With this the 107th AGM comes to a 510 00:26:53,840 --> 00:27:00,960 conclusion. I thank all the members for 511 00:26:57,039 --> 00:27:03,840 their presence and involvement. the AGM. 512 00:27:00,960 --> 00:27:05,919 I I wish you 513 00:27:03,840 --> 00:27:10,880 all 514 00:27:05,919 --> 00:27:14,240 festive greetings on this uh special Dau 515 00:27:10,880 --> 00:27:16,720 Puja festival which is starting off and 516 00:27:14,240 --> 00:27:19,919 upcoming uh the Bavi festival in 517 00:27:16,720 --> 00:27:23,559 advance. My best wishes to all of you 518 00:27:19,919 --> 00:27:23,559 and all your families. 519 00:27:26,240 --> 00:27:30,240 Mr. Bajura, do all the board members log 520 00:27:28,960 --> 00:27:32,400 off now? 521 00:27:30,240 --> 00:27:35,640 Yes, they can log off now. 522 00:27:32,400 --> 00:27:35,640 Thank you. 523 00:27:35,919 --> 00:27:39,600 Thank you so much. 524 00:27:37,039 --> 00:27:42,840 Shall we conclude the meeting soon? 525 00:27:39,600 --> 00:27:42,840 Yes, please. 526 00:27:43,600 --> 00:27:47,120 Thank you so much everyone. We have 527 00:27:45,360 --> 00:27:49,039 stopped the live streaming. We shall 528 00:27:47,120 --> 00:27:50,559 hereby end the meeting for all. Have a 529 00:27:49,039 --> 00:27:52,720 great day ahead. 530 00:27:50,559 --> 00:27:55,840 Thank you all. Thanks. Thank you. Thank 531 00:27:52,720 --> 00:27:55,840 you very much.