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Digispice Technologies Ltd.

BSE: 517214 | NSE: DIGISPICE |

Shares falling in the `Trade-to-Trade` or `T-segment` are traded in this series and no intraday is allowed. This means trades can only be settled by accepting or giving the delivery of shares.
Series: BE | ISIN: INE927C01020 | SECTOR: Telecommunications - Equipment

BSE Live

Oct 14, 16:00
45.00 -1.50 (-3.23%)
Volume
AVERAGE VOLUME
5-Day
21,112
10-Day
36,851
30-Day
29,509
22,968
  • Prev. Close

    46.50

  • Open Price

    47.80

  • Bid Price (Qty.)

    45.15 (200)

  • Offer Price (Qty.)

    45.85 (300)

NSE Live

Oct 14, 15:58
45.40 -1.10 (-2.37%)
Volume
AVERAGE VOLUME
5-Day
113,513
10-Day
123,570
30-Day
102,617
144,929
  • Prev. Close

    46.50

  • Open Price

    47.00

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    45.40 (36)

Annual Report

For Year :
2018 2016 2015 2014 2013 2012 2011 2010 2009

Chairman's Speech

2002 was a challenging year for the business. The past year witnessed a sluggish trend in the economy, reduced customer purchases across segments and hence intense competition from established foreign brands and rejuvenated Indian Brands. Even against this backdrop, the Company was able to increase its turnover by 5% over the last year, though the margins came under immense pressure. The Year 2003 promises to be much better both in terms of revenue growth and margins and there are number of reasons for this optimism. The Banking Industry & State Bank of India in particular, which has remained our mainstay in the last several years, has projected increased purchases of IT equipment which augurs positively for our system and solutions as well as service divisions. The Company, in addition to its present offerings, is also evaluating other major thrust areas for future growth where it has the potential to emerge as the industry leader. Spice Net has initiated the first step towards building a service organization for Third Party Service & Maintenance of IT Systems, both Hardware & Software and other durables. The Company is aggressively looking to develop the retail Hardware segment with the support of international players like Olivetti and Wincor Nixdorf who have been in this business for the past several years. Your Company in the year 2002 decided to buy out the 48.22% equity stake held by General Binding Corporation, USA in Spice Systems Ltd. (previously GBC ModiCorp Limited), a leading distributor of presentation and preservation systems that add value to document finishing. This acquisition will further spearhead the Company's foray in Office Automation and I.T. products. The Company is proposing to come out with a Rights Issue of equity shares to meet its enhanced working capital requirements. SpiceCorp Pvt. Ltd., Promoter of the Company has undertaken to subscribe the unsubscribed portion of the Rights Issue, thus also establishing the commitment of the promoters. While concluding, I wish to thank all the shareholders of the Company for their support and all my colleagues on the Board for their contribution and also wish to appreciate the sincere and dedicated services rendered by employees at all levels and I am sure that with their continued support the Company will reach greater heights. (Dilip Modi) Chairman