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Vakrangee Ltd.

BSE: 511431 | NSE: VAKRANGEE |

Represents Equity.Intra - day transactions are permissible and normal trading is done in this category
Series: EQ | ISIN: INE051B01021 | SECTOR: Computers - Software Medium & Small

BSE Live

Apr 07, 16:00
18.80 0.85 (4.74%)
Volume
AVERAGE VOLUME
5-Day
347,522
10-Day
312,973
30-Day
433,654
750,254
  • Prev. Close

    17.95

  • Open Price

    17.10

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

NSE Live

Apr 07, 15:59
18.95 0.90 (4.99%)
Volume
AVERAGE VOLUME
5-Day
975,723
10-Day
1,191,485
30-Day
1,716,877
2,808,560
  • Prev. Close

    18.05

  • Open Price

    17.15

  • Bid Price (Qty.)

    18.95 (336173)

  • Offer Price (Qty.)

    0.00 (0)

Annual Report

For Year :
2018 2017 2014 2013 2012 2011 2010 2009 2008

Chairman's Speech

Dear Shareholders, It gives me immense pleasure to report that your Company reported impressive financial results for the year ended 31st March,2007. The key financial achievements during the year are: 1 Sales of Rs. 11 7.10 Crores 2 EBIDTof Rs. 52.01 Crores 3 Net Profit of Rs. 24.38 Crores 4 EPS of Rs. 12.73 This is a landmark year. During the year we crossed the revenue of Rs. 100 Crores which is a milestone in your Companys growth. The growth achieved during the year was on account of increased productivity, ability to capitalize on each and every opportunity and relentless effort of all the stakeholders of the Company. To reinstate our commitment to share our prosperity with stakeholders, we recommend dividend of Rs. 1.50 per share (15%) for financial year 2006-07. There have been many noteworthy events during the year. Predominant among them are: We were included in The Economic Times ET 500 best companies in India. We were included in The Business World 100 Best Mid Size Companies in India (July 16,2007 Issue). During the year,we successfully completed a preferential allotment of 22,50,000 warrants (convertible into 1 share against 1 warrant within 1 8 months from the date of issue) and 17,50,000 equity shares at Rs.241/per share and raised an amount of Rs.96.40 Crores(Rs.47.60 Crores already received and Rs. 48.80 Crores will be received in current financial year) The Flls increased their stake in the Company and as on date Flls stake in your Company is about to touch the present 24% limit. The response of domestic and international investors is reflective of the confidence in your Companys growth potential. Your Company has always invested an extra effort to improve its management capability. In the last financial year we had the honour of inducting Mr. Pradip P Shah (an eminent personality of finance world) on our board. This year we are privileged to have Mr. R.M. Joshi (Ex-Executive Director of Securities and Exchange Board of India) on our board. Strengthening our board is a continuous process and we will continue to take initiatives for empowering our board to the next level. During the year,your Company installed a state of the art High Speed Variable Data Printing System with capacity to print 2 1 80 impressions per minute (2.4 million pages per day). It makes me proud to state that this is the worlds fastest variable data printing machine and first one in Asia. Mr. N. Gopalaswami, Honble Chief Election Commissioner of India inaugurated this Digital Printing Facility. Building strong capabilities is an ongoing and important agenda for your Company. Keeping this in view,your Company has opened two business development centers in its owned premises in Delhi and Lucknow. We have plans to have presence in 1 0 cities of India within a short span of time. During the year your Company invested Rs.2.10 Crores in Vakrangee Electronics Limited (VEL) by subscribing 21,00,000 shares of Rs. 1O/- each. VEL is a Company, which is developing new improved Electronic Election Machine. The Management has decided (Subject to your approval) to transfer its software products Viz. Document Management System, Human Capital Management and School ERP to its Wholly Owned Subsidiary. This decision has been taken to put renewed focus on these products. Management is confident that this transfer will unlock value for all the shareholders of the company in the years to come. Your Company bagged the assignment to handle PFO (Public Facilitation Office) & Directors Identification Number (DIN) of ROC for 22locations through TCS / CMC Ltd. This has also proved the capabilities, commitment and efficiency of your Company to handle large-scale Document Management and e-Governance projects in a time bound & mission critical manner. The Election Commission, one of our very old and satisfied clients, has reaffirmed its trust in our capabilities of timely execution of the assignment as per the service levels by entrusting further assignments of Election Photo Identity Card (EPIC) for Maharashtra, Chhattisgarh and Electoral Photo roll for Madhya Pradesh and Gujarat. The end to end services in ail the works related to document management and e-Governance are highly appreciated by our customers. Your Company is poised to become one stop Document Lifecycle Management Company through the three strategic business units (SBUs) namely Document Management Services, Printing Management Service and IT and IT enabled services. Concept of paperless office is now not only the prerogative of the private sector but is also gaining momentum in Government sector as well. Introduction of Right to Information Act has added further fuel to this concept. As per the provision of the RTI Act, Government / Government agencies implementation of RTI has necessitated the conversion of all historical data and documents into electronic form and keep future records in electronic form. In other words, existence of Foolproof document management system in place is a must and we are in an advantageous position to grab the opportunity, with necessary expertise, experience and infrastructure at our disposal. There are boundless opportunities opening up for your Company and your Company is out to exploit these opportunities in the best possible manner. Thus the growth of your Company is continuously fuelled,adding value for all stakeholders. I wish to thank our staff at all levels for their value based commitment and diligent discharge of their assigned functions, which have contributed collectively to our Companys success in completing assignment well within time. Before I conclude,! must thank all of you for your continued support and confidence reposed in the Company. I would also like to place on record my sincere appreciation of the support extended by all customers, business associates, Flls and bankers of the Company. Needless to mention I look forward to the continued cooperation of one and all in the years to come. With best wishes, Sincerely, Dinesh Nandwana Chairman & Managing Director