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Alka Securities Chairman's Speech > Engineering - Heavy > Chairman's Speech from Alka Securities - BSE: 532166, NSE: N.A
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Alka Securities

BSE: 532166|ISIN: INE921C01031|SECTOR: Finance - General
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Alka Securities is not listed on NSE
Mar 13
Chairman's Speech (Alka Securities) Year : Mar '14
Dear Shareholders,
 
 It has been nothing short of an eventful year. Your company made
 attempts to restart its broking business, but failed and upon further
 introspection and studying the broking industry, theCompany''ssenior
 management hasdecided to exit the broking industry and company has
 decided to complete its surrender of the membership of the National
 Stock Exchange of India.
 
 We always want to look ahead and push ourselves to reinvent and
 reinnovate. We took this opportunity to be introspective and realised
 our core strenghts. We do not see these restrictions as a hurdle but an
 opportunity to explore new markets and new fields. Your company is
 planning to enter the management consulting and fund syndication space.
 We belive that with over 50 years of combined management experience in
 the capital markets and corporate space in India enable us to be
 competant in this field. Your company will also lay the groundwork for
 SME and start up growth.  We believe that new innovation is necessary
 and a great driver for growth. We are also looking at acquistions and
 mergers in many verticals to strengthen our core and unlock value for
 you, the shareholder.
 
 Your company has decided to book all the losses of broking business and
 venture into different busiess through inevstments in subsideries
 company.
 
 I assure you that 2014 -15will be nothing short of a spectacular year
 for your company and for us as individuals.
 
 Mahendra Pandey 
 Chairman
 Alka Securities Limited
Source : Dion Global Solutions Limited
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