WEBVTT 1 00:00:09.358 --> 00:00:13.079 You're right, right. 2 00:00:13.079 --> 00:00:26.190 So, good afternoon, everyone I am hungry are completed refrain, compliance officer, company, join this meeting from the registered office of the company situated New Delhi, India. 3 00:00:26.190 --> 00:00:40.075 And I welcome all of you on your case on the 27th amendment general meeting of Moneybox, finance, limited through video conferencing mode has 20 provision of companies at 2013, and listing regulation and various other. He should be a ministry of corporate affairs and Sandy. 4 00:00:43.500 --> 00:00:52.530 The notice of video conferencing was sent by an electronic mood to all the shareholders on August 32,021 by. 5 00:00:52.530 --> 00:00:56.039 Whose email IDs with registered with the company. 6 00:00:56.039 --> 00:01:02.100 And the Depository cut off date as on August, 27, 2020, back. 7 00:01:02.100 --> 00:01:14.819 1st went to the, the facility to join the meeting through was provided shareholders of the company on 1st come 1st, serve basis. Only as the meeting is conducted through. 8 00:01:14.819 --> 00:01:18.090 The attendance through proxies are not. 9 00:01:18.090 --> 00:01:30.510 But then this is to inform that all the members, joining the meeting meeting, I put on mute more by default to avoid the noise and disturbance during the proceeding of the meeting for smooth and seamless conduct of the meeting. 10 00:01:32.219 --> 00:01:39.420 Once the question and answer session begins the name of the shareholders who have Pre registered them. So, for speaking. 11 00:01:39.420 --> 00:01:45.180 Will be announcing thereafter microphone was speaking facility will be unmuted by the host. 12 00:01:45.180 --> 00:01:53.459 Once this shareholder unmuted here she is requested to turn on their camera and start speaking by mentioning their name Folio number and the location. 13 00:01:53.459 --> 00:02:06.209 From where he or she is joining the meeting if for any reason, he, or she is unable to join to redo the speaker shareholder, we continue to speak to audio mode. Only if there is any connectivity issue. 14 00:02:07.435 --> 00:02:21.264 The next year will give right to speak once the, uh, if there is any connectivity issue at this speaker, and we will request next shareholder next speaker to join. And once the normal connectivity is restored for earliest speaker. 15 00:02:21.569 --> 00:02:27.270 He, or she will again requested to speak after other Pre register, speaker, complete their time. 16 00:02:27.270 --> 00:02:30.479 I request mechanical. 17 00:02:30.479 --> 00:02:43.800 Chairman of the board to proceed as chairman for the 27th conventional meeting as per the records of registering transfer agent and only confirmation from the host of the meeting column for the meeting is being present. 18 00:02:45.300 --> 00:02:55.530 But, like, all these statutory registers are available for inspection by members as per the process mentioned in the notice. 19 00:02:56.639 --> 00:03:01.830 Thank you. Yeah. Oh, very good afternoon. 20 00:03:01.830 --> 00:03:07.770 I am promotion for valuable, independent director, and chairman of the audit committee of the company. 21 00:03:07.770 --> 00:03:11.669 Joining this meeting from, by residents in. 22 00:03:11.669 --> 00:03:16.530 And welcome all our team shareholders and directors to the 27. 23 00:03:16.530 --> 00:03:19.889 And was general meeting of money, Box, finance, limited. 24 00:03:19.889 --> 00:03:25.139 Conducted through the video conferencing mode on account of 19. 25 00:03:25.139 --> 00:03:32.009 Pandemic I sincerely think all of you for attending the meeting and sincerely wish you and your family. 26 00:03:32.009 --> 00:03:38.189 Oh, very safe and healthy time. I would like to request everyone to please have patients. 27 00:03:38.189 --> 00:03:41.879 During the conduct of the meeting to make it a very successfully. 28 00:03:41.879 --> 00:03:47.430 Since the requisite forum for the meeting is present, I would like to call this meeting to order. 29 00:03:47.430 --> 00:03:53.009 I would like to introduce directors of your company present in the meeting for the video conferencing. 30 00:03:53.009 --> 00:04:01.680 Uh, Mr. who CEO and whole time director has joined from the corporate office of the company situated at home. 31 00:04:01.680 --> 00:04:08.370 Uh, Mr. and whole time director and chief financial officer of the company. 32 00:04:08.370 --> 00:04:12.629 Joined from the registered office of the company situated at New Delhi. 33 00:04:12.629 --> 00:04:23.279 Mr. non executive director and tier person of stakeholders and relation committee and joined from registered office of the company's situated that New Delhi. 34 00:04:24.600 --> 00:04:30.928 Mr. non executive director joined from registered office of the company situated at new daily. 35 00:04:30.928 --> 00:04:39.988 Uh, miss Retina actually, we should nothin independent director and chairperson of nomination and remuneration committee of the company. 36 00:04:39.988 --> 00:04:43.019 Is, uh, joining from. 37 00:04:43.019 --> 00:04:46.259 Uh, as of now, there is a. 38 00:04:46.259 --> 00:04:50.968 Slight technical problem. So the moment she is able to join. 39 00:04:50.968 --> 00:04:57.329 We will welcome her as well apart from the directors and company's secretary of the company. Mr. 40 00:04:57.329 --> 00:05:01.348 Uh, is available here with us. 41 00:05:01.348 --> 00:05:05.968 I will come him as well. Now I'd be requesting Mr. the f*** that good 1. 42 00:05:05.968 --> 00:05:09.059 And whole time director to proceed. 43 00:05:09.059 --> 00:05:12.389 With the financial and operational highlights of the company. 44 00:05:12.389 --> 00:05:15.449 Over to you. Mr. Thank you sir. 45 00:05:15.449 --> 00:05:24.269 Hi, good afternoon. Everyone I would like to welcome you all to the 27th GM of your company. 46 00:05:24.269 --> 00:05:33.298 And the 3rd agent after the change of management, I hope all of you annually, or any other ones have come out of the pending safely and doing with. 47 00:05:34.319 --> 00:05:39.449 I would like to begin with mention the fact that despite last financially are being 1 host. 48 00:05:39.449 --> 00:05:43.709 Difficult here both professionally personally for most of us. 49 00:05:43.709 --> 00:05:46.949 Your company has come out of the crisis with the reasonably. 50 00:05:46.949 --> 00:05:51.509 Performance going to the numbers. 51 00:05:51.509 --> 00:05:58.709 Your company assets under management drew by 111 to 61.22 girls. 52 00:05:58.709 --> 00:06:07.019 Despite the fact that each 1, we could not grow. Really? Because was. 53 00:06:07.019 --> 00:06:10.829 0 days versus so by X1, we could only. 54 00:06:10.829 --> 00:06:17.668 Okay by we can only manage our portfolio levels. So all the growth, which has actually come. 55 00:06:17.668 --> 00:06:22.108 The, the 2nd, half of last year. 56 00:06:22.108 --> 00:06:27.298 On active customer brace grew by 136% to 6,800. 57 00:06:27.298 --> 00:06:31.559 As we are in more than 4,000 customer in the last year. 58 00:06:31.559 --> 00:06:38.788 Branches number 100% as we open 11, 2 branches in flat, 75 days. 59 00:06:38.788 --> 00:06:43.199 From 1st, October to 15th, December. 60 00:06:43.199 --> 00:06:50.038 So, we added almost 11 branches, you know, top of, you know, existing branches. 61 00:06:50.038 --> 00:06:54.478 By growing on employee strength, uh, by 88. 62 00:06:54.478 --> 00:06:58.019 It is noticeable that, um. 63 00:06:58.019 --> 00:07:02.069 In your company, there has not been a single retrenchment you to go with. 64 00:07:02.069 --> 00:07:05.579 In fact, we added almost 100 employees last year. 65 00:07:06.749 --> 00:07:12.238 A big, uh, success was in bringing new well known lenders. 66 00:07:12.238 --> 00:07:16.889 Wherein we go the base from just 2 in September 20, or you can say. 67 00:07:16.889 --> 00:07:22.738 From the last day, or 2 to, you know, growing by, uh, going to by 7 times. 68 00:07:22.738 --> 00:07:36.088 To 14 lenders, so, despite, you know, the code situation where, you know, lenders, we're all tracking the performance of companies. Uh, we were able to bring in New lenders, all institutional investors last year. 69 00:07:36.088 --> 00:07:43.139 Total income rose to 192%, uh, which is again a great feed, you know, given the situation last year. 70 00:07:43.139 --> 00:07:52.468 You know, of negative growth in GDP loss, after tax reduced by 16.52.87. 71 00:07:52.468 --> 00:08:01.528 Um, what is here I would like to mention that, you know, if we had not failed the covered situation. 72 00:08:01.528 --> 00:08:08.579 We would have a very negative loss or maybe, you know, some profit, which we initially estimated. 73 00:08:08.579 --> 00:08:16.678 Uh, but because of run down in the portfolio and 0, disbursments, you know, this could not happen. Actually, we had a monthly loss of just. 74 00:08:16.678 --> 00:08:21.449 Relaxing after last year, but this group, because of, you know, all these factors. 75 00:08:21.449 --> 00:08:27.928 Um, so I would like to mention there is nothing to worry here because, you know, all the, you'll see the opex. 76 00:08:27.928 --> 00:08:31.588 But, uh, it will be higher at this stage. 77 00:08:31.588 --> 00:08:37.649 But I would like to mention that, you know, at this stage of the company when every time and employee grow. 78 00:08:37.649 --> 00:08:41.249 For a service company, like, so like us. 79 00:08:41.249 --> 00:08:45.119 This opex is actually kind of Catholics because. 80 00:08:45.119 --> 00:08:50.188 You know, in the 1st, month when employee starts generating in a new loans. 81 00:08:50.188 --> 00:08:53.548 The income is what the next year. 82 00:08:53.548 --> 00:08:59.038 Maybe, um, are you facing some problem in my voice? 83 00:09:00.509 --> 00:09:03.778 And this is very low, very low. 84 00:09:03.778 --> 00:09:07.109 Okay, no, we are able to hear you. Yeah, it's clear. 85 00:09:07.109 --> 00:09:11.009 Okay, I would like to I will try to be louder. 86 00:09:11.009 --> 00:09:17.849 So, lost reduced and, you know, I was telling that, you know, when a new employee joins in company like this. 87 00:09:17.849 --> 00:09:22.349 Although he generates business in the 1st month, but. 88 00:09:22.349 --> 00:09:25.828 That income from that loan. 89 00:09:25.828 --> 00:09:31.139 2 next 2 years. So initially you may see that opex is high, but it is actually not. 90 00:09:31.139 --> 00:09:34.438 It is, it is just a timing gap. 91 00:09:34.438 --> 00:09:40.349 So that is to be understood in economics of your company are very strong. 92 00:09:40.349 --> 00:09:43.589 And they will only improve what a period of time as. 93 00:09:43.589 --> 00:09:47.129 Cost of that reduces efficiency increases. 94 00:09:47.129 --> 00:09:54.479 So, that's that's 1, part of it, uh, debt to equity has been very comfortable at 1.86 times. 95 00:09:54.479 --> 00:10:04.769 Capital and liquidity at 39.4, uh, you know, given much ahead or much above the rba prescribed line of 17. 96 00:10:04.769 --> 00:10:12.509 The biggest factor of all are cumulative collection efficiencies today at 99.6%. 97 00:10:12.509 --> 00:10:20.308 As on March, 21, monthly collection efficiency, as high as, you know, 99.2%. 98 00:10:20.308 --> 00:10:25.558 Uh, percentage stood at point 1 1%. 99 00:10:25.558 --> 00:10:30.958 Which is possibly the lowest in India and lowest in the industry segment. I would say more like. 100 00:10:30.958 --> 00:10:40.739 Kind of unheard number, uh, the credit goes to our underwriting, uh, standards and the effort of the team. 101 00:10:40.739 --> 00:10:45.928 So, it's important to mention here. We are in the locked down situation. Most of. 102 00:10:47.188 --> 00:10:55.019 The peers have a collection efficiency of around 20 we have, we will, we stood at 80 persons, so the quality control is. 103 00:10:55.019 --> 00:10:59.519 Very, very high we're going to, uh. 104 00:10:59.519 --> 00:11:03.389 Beyond the, beyond the, the financial numbers. 105 00:11:03.389 --> 00:11:10.438 Going, uh, to the possibility to shareholders this, the area, which we are capturing to. 106 00:11:10.438 --> 00:11:13.589 Is a really, really large possibility. 107 00:11:13.589 --> 00:11:17.458 So, just to give you 1 number as for. 108 00:11:17.458 --> 00:11:22.769 The 200 plus in India and this MFA bracket, which happens to. 109 00:11:22.769 --> 00:11:27.899 Loan raising from 10,000 to 50,000 is 2 large, 60 girls. 110 00:11:27.899 --> 00:11:33.028 Whereas loan segment, which is 50,000 to 10. 111 00:11:33.028 --> 00:11:41.308 Is only 91,000 codes so, as for most of the reports, the gap in this segment is about 8 black codes. 112 00:11:41.308 --> 00:11:47.969 So, as a company, you see the opportunity for the marketplace is. 113 00:11:47.969 --> 00:11:52.198 Is anonymous there is a demand at every end. 114 00:11:52.198 --> 00:11:58.168 So, um, for many, many years to come, but I would not be wrong to say for decades to come. 115 00:11:58.168 --> 00:12:04.379 A possibility never dies, it's inside table demand and where there's a long way to go. 116 00:12:04.379 --> 00:12:08.908 So, there there was this part upon, you know, the opportunity is. 117 00:12:08.908 --> 00:12:17.129 Available, uh, the 2nd part is performance, which over the last 2 and a half years of existence. We have proved that. 118 00:12:17.129 --> 00:12:23.519 99% kind of efficiency with, you know, less than 25%. 119 00:12:23.519 --> 00:12:27.719 Uh, this is a great fee to achieve, you know, where we have. 120 00:12:27.719 --> 00:12:36.418 Phase the recession like situation, we had a GDP decline of 25% in Q1. 7 include 2. 121 00:12:36.418 --> 00:12:40.769 After all that, our collection efficiencies to very, very high level. 122 00:12:40.769 --> 00:12:47.249 So these 2 code waves, you know, after 1st phase, and after 2nd way we have realized. 123 00:12:47.249 --> 00:12:52.948 That the strength of our underwriting and collection processes. 124 00:12:52.948 --> 00:12:57.418 Is much above then we are really are taught and it gives us. 125 00:12:57.418 --> 00:13:02.099 A lot of strength to grow from, you know. 126 00:13:02.099 --> 00:13:07.349 Uh, you know, this to, you know, a very large size, because. 127 00:13:07.349 --> 00:13:10.528 You know, if we can sustain in 1 of the most. 128 00:13:10.528 --> 00:13:20.489 I would say, um, the place scenario for the last decade, and maybe not wrong in the last century. You know, there is a, this is. 129 00:13:20.489 --> 00:13:28.288 This is a proof that, you know, there is this, you know, deep requirement and, you know, business can grow here. 130 00:13:28.288 --> 00:13:33.958 Um, beyond this, you know, performance and opportunity, you're. 131 00:13:33.958 --> 00:13:46.019 The competitive strength of your company remains very efficient. Uh, we are much below in terms of our lending rates, even compared to the largest. 132 00:13:46.019 --> 00:13:52.259 Players in the industry so, um, so that way is, you know, we are tackling the competition. Well. 133 00:13:52.259 --> 00:13:56.399 You know, why is remain, you know, very good unit economics. 134 00:13:56.399 --> 00:14:02.969 Our strategy is quite different, which we keep on telling again and again that. 135 00:14:02.969 --> 00:14:08.458 You will find your company to be changing the landscape of being, you know. 136 00:14:08.458 --> 00:14:13.798 You know, as we appoint, it'll start appointed impact opposite of each of our. 137 00:14:13.798 --> 00:14:20.308 So, you know, make it a loan plus kind of thing, where, you know, uh, borrowers are not just giving money. 138 00:14:20.308 --> 00:14:24.839 But they are guided on how to grow their business, how to improve efficiencies. 139 00:14:24.839 --> 00:14:34.889 You know, uh, and support, like, you know, in livestock cases, vaccination insurance, you know, how we can help them, you know, to get the best out of. 140 00:14:34.889 --> 00:14:40.109 Things I will best of the, you know, support, which is provided by the government. 141 00:14:41.153 --> 00:14:55.823 So that's the part of it what we did last year, uh, things are improving, uh, q3rd wave was, uh, yes, very, very, very depressing. You know, in the disbursements have to be stopped. 142 00:14:57.089 --> 00:15:04.798 Uh, you know, be at, at corporate level, we have lost, you know, some of our loved ones. 143 00:15:04.798 --> 00:15:11.668 But having said that, um, you know, what market has, uh, realized and, um. 144 00:15:11.668 --> 00:15:14.698 The confidence which is improving month on month. 145 00:15:14.698 --> 00:15:17.788 That, you know, that, you know, we are on the right path. 146 00:15:17.788 --> 00:15:24.479 So, you know, um, very recently, you know, we have been nominated by. 147 00:15:24.479 --> 00:15:30.568 And large foundation very, very round foundation to do a 2 year impact study on. 148 00:15:30.568 --> 00:15:39.418 You know, just just during this month, we got assumption, which is a reasonable yet. 149 00:15:39.418 --> 00:15:52.109 Bad sanction from 1 of the scheduled banks. So, this is the 1st scheduled bank, uh, Linda on our books and, uh, we, you know, incoming once we are looking at. 150 00:15:52.109 --> 00:15:55.678 Much larger relationships, so the. 151 00:15:55.678 --> 00:16:01.528 So, we are getting top up from our existing vendors, uh, you know, the lender is growing. 152 00:16:01.528 --> 00:16:05.339 Um, we plan to. 153 00:16:05.339 --> 00:16:08.428 Open at least 8 new branches this year. 154 00:16:08.844 --> 00:16:22.104 So, making the total to 30, uh, though, I would agree that, you know, had There'll be no go with, uh, the branch extension on the annual expansion would have been, you know, a much larger scale. 155 00:16:22.644 --> 00:16:31.703 Um, but possibly you would agree with us that, you know, given these, uh, stoppages of business and, you know, some kind of. 156 00:16:31.889 --> 00:16:35.219 Assessment that, you know, how do we, it could come. 157 00:16:35.219 --> 00:16:39.599 But, you know, week by week, we are not realizing that, you know, things that are more centered. 158 00:16:39.599 --> 00:16:45.178 Um, but, uh, but, yes, so, uh, so we still believe that. 159 00:16:45.178 --> 00:16:51.778 You know, there would be at least 150% growth, um, in the, and we are targeting at least 1 particular plus. 160 00:16:51.778 --> 00:17:01.109 In the coming year, in terms of when we hire the better, let's see. But then that should be the minimum number, which we are targeting asset management. 161 00:17:01.109 --> 00:17:05.848 Along with the UN in own book, plus the managed book, it is. 162 00:17:06.443 --> 00:17:13.584 Um, so these are the, you know, broad, uh, guidelines, uh, for your business. 163 00:17:13.943 --> 00:17:23.874 Um, I assure you, you know, uh, we are getting a very, very positive response, um, from our stakeholders partners employee. 164 00:17:24.419 --> 00:17:32.068 And, you know, times this is this is not just a start, you know, uh, there's a lot lot, uh. 165 00:17:33.118 --> 00:17:36.929 Good times that had part of the company. 166 00:17:36.929 --> 00:17:42.088 Uh, make an impact on the society, so that's, um. 167 00:17:42.088 --> 00:17:46.588 That's all from my side. Do you have any questions. 168 00:17:46.588 --> 00:17:57.239 Hello. 169 00:17:58.679 --> 00:18:02.219 Yeah. 170 00:18:02.219 --> 00:18:05.548 Thank you. 171 00:18:05.548 --> 00:18:11.519 For this a nice presentation of the year that we have witnessed, and also the. 172 00:18:11.519 --> 00:18:14.548 Future plans for the current here, which we have. 173 00:18:14.548 --> 00:18:17.548 Also expand, including the covered situation. 174 00:18:17.548 --> 00:18:24.568 Uh, which has resulted in some slowdown, but effectively, if you are looking at the parameters. 175 00:18:24.568 --> 00:18:29.489 Uh, including the capital is, and the way forward. 176 00:18:29.489 --> 00:18:32.638 I think all our risk team shareholders should be. 177 00:18:32.638 --> 00:18:35.759 They convinced that the way forward is. 178 00:18:35.759 --> 00:18:42.989 May I now request is to please read the auditors report and also explain the legal aspects of 14. 179 00:18:42.989 --> 00:18:57.628 Including the voting would like to inform that, uh, that has joined us and do some technical issues. She joined us in the attendee list. 180 00:18:57.628 --> 00:19:05.009 So, we would like to welcome, like, 2. 181 00:19:05.009 --> 00:19:08.638 Welcome. 182 00:19:08.638 --> 00:19:13.259 Ma'am, who is also the independent director on your company? 183 00:19:13.259 --> 00:19:17.939 And also the chair person of the nomination, and renovation committee are very warm. 184 00:19:22.169 --> 00:19:27.628 Over to you, for the auditors report. 185 00:19:30.473 --> 00:19:45.324 As for the companies of 2013 and applicable secretarial standards issued by Institute of companies, a great rest of India, the auditors report, and secretary audit report are required to be read only been there or qualification of adverse observation, or comments in the report. 186 00:19:46.318 --> 00:19:59.459 And I'm happy to say that there are no qualifications or observation comments in the audit report, that secretarial audit report hands with the permission of the members. These reports for 2020. 187 00:19:59.459 --> 00:20:05.548 Would like to, or would like to say, are given a special ego thing. 188 00:20:05.663 --> 00:20:17.903 As for the companies, as for the provision of companies at 2013 and other application laws, your company has provided E boarding facility to facility to join this. 27th. Annual general meeting was made 1st, come 1st, serve basis. 189 00:20:18.653 --> 00:20:21.324 Voting to show of hands is not allowed. 190 00:20:23.038 --> 00:20:35.669 And that's what the companies and other applicable the reason your company has provided remote invoicing facility from September 21 for September 21, 2021, 2, September 23 2021. 191 00:20:35.814 --> 00:20:36.384 As, 192 00:20:36.503 --> 00:20:50.003 and the voting rights and level to those who are the shareholders the company has a part of date that is September 17 2021 shareholder who have no class detail go through remote facility because there were during the continuation of this meeting, 193 00:20:50.003 --> 00:20:51.354 or within 15 minutes. 194 00:20:51.354 --> 00:20:55.644 15 minutes from the conclusion of this meeting through the case maybe. 195 00:20:59.278 --> 00:21:05.398 Shareholder who have already voted through remote voting are not entitled to vote at the meeting. 196 00:21:32.278 --> 00:21:37.828 Thank you miss 1 up here with the permission of all the members notice of. 197 00:21:37.828 --> 00:21:41.038 Be here by taking this rate I take the. 198 00:21:41.038 --> 00:21:45.058 Agenda items as per the notice to the members of the. 199 00:21:45.058 --> 00:21:48.088 Item number 1, number 2 are. 200 00:21:48.088 --> 00:21:53.669 In the ordinary business item, number 1 is to receive consider and adopt. 201 00:21:53.669 --> 00:21:56.729 The auditors, financial statements, including. 202 00:21:56.729 --> 00:22:04.048 Audited consolidated financial statements of the company for the financial year end date 31st of March 2021. 203 00:22:04.048 --> 00:22:07.919 And the report of board of directors of the company and auditors, they're on. 204 00:22:09.689 --> 00:22:13.709 Item number 2 is appointment of. 205 00:22:13.709 --> 00:22:19.469 Day numbers, 0797376ASA, director level to. 206 00:22:19.469 --> 00:22:22.769 Retire by rotation and. 207 00:22:23.788 --> 00:22:29.098 Being eligible, uh, offers himself for free appointment. 208 00:22:29.098 --> 00:22:33.328 Item number 32 item number 5 and special businesses. 209 00:22:33.328 --> 00:22:39.209 Item number 3 is to approve offer revision in the recommendation of Mr. a good 1. 210 00:22:39.209 --> 00:22:42.929 03140. 211 00:22:42.929 --> 00:22:46.648 Full time director and CEO who CEO of the company. 212 00:22:46.648 --> 00:22:54.239 Item number 4 is to approve upload revision in the remuneration of. 213 00:22:54.239 --> 00:23:02.009 0020609fulltimedirectorand CEO of the company and item number 5 is. 214 00:23:02.009 --> 00:23:06.358 To approve reappointment and remuneration to be paid to. Mr. 215 00:23:06.358 --> 00:23:11.909 080 to 167 and 9 as a whole time director of the company. 216 00:23:21.118 --> 00:23:24.269 Y, know you are on mute. Please, you'll have to unmute. 217 00:23:26.638 --> 00:23:35.219 Thank you so now I request the shareholder to come forward and ask their questions who have registered them. So, with us previously. 218 00:23:35.219 --> 00:23:42.179 Further due to time constraint, requesting shareholder to some of the queries and concerns in within 2 minutes. 219 00:23:42.179 --> 00:23:52.679 So, as per the request receive, I would like to call Mr. requesting host to unmute. 220 00:23:52.679 --> 00:23:55.769 So, for me what you are not. 221 00:23:55.769 --> 00:24:07.769 Move forward showing there. 222 00:24:11.068 --> 00:24:16.558 Now, he's on mute him. 223 00:24:17.818 --> 00:24:23.489 Yeah, good afternoon, sir, I just have to ask what are the strategy planning if. 224 00:24:23.489 --> 00:24:28.588 Uh, of company, if with the 3rd wave comes in this. 225 00:24:28.588 --> 00:24:33.898 Secondly, how the company's maintaining such a good collection. 226 00:24:33.898 --> 00:24:40.288 Even during this pandemic, when PR, percentage of has been increasing in our all industries. 227 00:24:42.269 --> 00:24:45.298 I just have blocked these 2 questions. Yes. 228 00:24:45.298 --> 00:24:56.338 Thank you, thank you. Mr. just to respond to your 1st query. You know, as we said, we are very, very cautious of the 3rd way and. 229 00:24:56.338 --> 00:24:59.489 That's 1 reason you see that, you know, we have not. 230 00:24:59.489 --> 00:25:12.749 Done branch extension, you know, even in the, you know, uh, now the way we see that, uh, you know, apparently 3rd wave is behind this, you know, few cases will come. 231 00:25:12.749 --> 00:25:27.449 I hear in there, but, uh, you know, possibly we feel that, you know, given the vaccination drive, which has happened throughout India, um, a situation like, uh, secondary, uh, is not. 232 00:25:27.449 --> 00:25:39.898 Uh, so keeping that in mind, we are a bit cautious. You know, I'm being cautious, um, in the 1st half and see, you know, how things are shaping up. 233 00:25:39.898 --> 00:25:44.939 Uh, for the 2nd half, we remain positive, so we are not. 234 00:25:44.939 --> 00:25:49.318 Going for long in terms of branch extension the way. 235 00:25:49.318 --> 00:25:52.648 We thought would be good, um, given, you know. 236 00:25:52.648 --> 00:25:57.538 You know, the food is factor, but, uh, we will expand slowly. 237 00:25:57.538 --> 00:26:00.538 You know, based on our data points, so. 238 00:26:00.538 --> 00:26:04.679 So, yes, we are cost and we are cautious of that fact. 239 00:26:04.679 --> 00:26:07.949 So, I hope that answers the question that, you know. 240 00:26:07.949 --> 00:26:13.828 What we have thought about 3rd way is not to be, you know, extremely aggressive. 241 00:26:13.828 --> 00:26:17.759 Branch extension, because, you know, if there is a locked down, then. 242 00:26:17.759 --> 00:26:25.108 The, there's a, you know, pressure on the company because of the new branch design on the locked down at the same time. 243 00:26:26.759 --> 00:26:38.159 And, okay, to answer your 2nd question, in terms of collection. So I would, uh, as I would say, you know, uh, great credit goes to the underwriting process. Uh. 244 00:26:38.159 --> 00:26:43.798 The rules, which we have followed throughout, you know, not just, you know, uh, uh. 245 00:26:43.798 --> 00:26:48.778 But preventable console, so, um. 246 00:26:48.778 --> 00:26:51.959 The key factor here is that. 247 00:26:51.959 --> 00:26:55.378 You know, Moneybox funds. 248 00:26:55.378 --> 00:26:58.888 For 1, for the businesses. 249 00:26:58.888 --> 00:27:02.788 So, there is no concept of a personal loan. 250 00:27:02.788 --> 00:27:07.769 All the money goes into expansion or business, and secondly, we focus on the assumptions. 251 00:27:07.769 --> 00:27:13.618 So, if you see our portfolio, which is, like, you know, 5th is into livestock. 252 00:27:13.618 --> 00:27:18.358 So, all, you know, lockdown comes. 253 00:27:18.358 --> 00:27:30.719 You know, you still buy, uh, for the family and, and that's about the same thing. You know, the, our borrowers are still learning, even during the worst of the lockdown similarly, Europe. 254 00:27:30.719 --> 00:27:34.199 And, you know, 66, 7 of the portfolio, right? 255 00:27:34.199 --> 00:27:42.179 Another about 10% is to get out. Now that's again, we need the worst of the lockdown. This is our open. 256 00:27:42.179 --> 00:27:53.939 Even on the balance of the portfolio, which is, like, you know, basic garments, you know, sheet metal businesses, very, very small manufacturers, uh, you know, into sheet metal, et cetera. 257 00:27:53.939 --> 00:27:58.588 Uh, all across the board, uh, portfolios, intersection services. 258 00:27:58.588 --> 00:28:05.308 So, even if there is no, very, very deep locked down, these businesses recover very, very fast. 259 00:28:05.308 --> 00:28:14.368 Because these are the basic needs so so 1 is the, how it tells us 1 is the segment of customer, which we catered to. 260 00:28:14.368 --> 00:28:20.094 Uh, 2nd is our connection process so, I mean, uh, the team is highly motivated. 261 00:28:20.453 --> 00:28:33.564 Uh, you know, we have 0, retrenchment in fact, the salary increments, bonuses, everything was on place, you know, um, even last year initially. So, team is always motivated and, you know, which helps in, you know. 262 00:28:33.929 --> 00:28:38.669 The collection and the result is there. 263 00:28:38.669 --> 00:28:45.628 The processes are made that, you know, that you don't get into frauds, you know. 264 00:28:45.628 --> 00:28:49.078 The processes I would say, you know, ensure that that. 265 00:28:49.078 --> 00:29:00.929 We assess each customer based on, you know, almost 250 data points. So all these things ensure, you know, multiple touch points, you know, assessment. 266 00:29:00.929 --> 00:29:06.838 The the way we do that, you know, everyone there is no. 267 00:29:06.838 --> 00:29:11.128 It's all, you know, owning their houses so, so system. 268 00:29:11.128 --> 00:29:20.969 In terms of being the guys are also credit background for almost 2 decades. The systems are such that, you know, which ensures that money will come back. 269 00:29:20.969 --> 00:29:25.199 So, I hope that clarifies if you have any more. 270 00:29:29.519 --> 00:29:33.959 Secondly, thank you, sir, thank you. Thank you. 271 00:29:33.959 --> 00:29:41.909 Secondly, I would like to call Mr. cancel requesting host to unmute. Mr. 272 00:29:45.179 --> 00:29:51.179 this company from the starting of the company 273 00:29:51.179 --> 00:29:55.019 Just want to know the, what are the future expansion plan of the. 274 00:29:56.338 --> 00:30:09.298 And the 2nd, 3rd, 1, uh, companies currently entire 2 entire 10 company will start with. 275 00:30:09.298 --> 00:30:12.479 Okay. 276 00:30:12.479 --> 00:30:21.358 Thank you amazing. Just 3rd. Uh, so basically on your 1st question, in terms of, uh, you know, future. 277 00:30:21.358 --> 00:30:33.864 Expansion, as I said that, you know, given the track record that we doubled our portfolio in a 521, uh, we will more than double the portfolio in talking to. So aspirations are high. 278 00:30:33.864 --> 00:30:38.723 Uh, you know, even in our annual report, uh, we have given a. 279 00:30:39.538 --> 00:30:44.249 Target of, you know, reaching a kind of, you know, for digital. 280 00:30:44.249 --> 00:30:48.239 By by a final before, so. 281 00:30:48.239 --> 00:30:52.019 Um, and in terms of branch extension also. 282 00:30:52.019 --> 00:30:58.618 You know, that we want to reject a project number 2 and a half to 3 years. 283 00:30:58.618 --> 00:31:04.318 So, extension plans are high and, you know, there is a market, you know, which. 284 00:31:04.318 --> 00:31:08.068 Justifies this kind of growth. 285 00:31:08.068 --> 00:31:12.689 And the processes, the numbers, the performance will ensure that. 286 00:31:13.493 --> 00:31:14.304 On your 2nd, 287 00:31:14.304 --> 00:31:19.193 question of tier 2 cities on Microsoft teams uh, 288 00:31:19.284 --> 00:31:21.534 I think this is a difficult, 289 00:31:21.683 --> 00:31:22.074 uh, 290 00:31:22.104 --> 00:31:22.374 thing, 291 00:31:22.374 --> 00:31:22.824 because, 292 00:31:22.854 --> 00:31:23.273 you know, 293 00:31:23.334 --> 00:31:29.634 our model is such that we want to cater to a tier 3 and beyond kind of segment. 294 00:31:29.939 --> 00:31:36.148 So so Metro is relatively unlikely which you will see. 295 00:31:36.148 --> 00:31:39.989 So, because there is a set of customer we want to look at it to. 296 00:31:39.989 --> 00:31:46.679 Um, you know, as a policy, we also do land livestock customer in, you know, metropolitan or. 297 00:31:46.679 --> 00:31:57.929 Because there could be some issues with which they should do that. So, it's, it's not really a macro city is not the, not in the scheme of things. 298 00:31:57.929 --> 00:32:01.499 As of now, okay, thank you. 299 00:32:01.499 --> 00:32:08.548 I would like to call Mr. amarjeet Singh requesting host. 300 00:32:08.548 --> 00:32:16.409 To unmute. Mr. and you say. 301 00:32:27.838 --> 00:32:39.929 And he's saying is not present in the meeting. 302 00:32:39.929 --> 00:32:43.378 So, we will call the next speaker. 303 00:32:43.673 --> 00:32:55.433 I would like to call Mr. Jason margin requesting forced to unmute. Mr. shareholder below. 304 00:32:55.733 --> 00:33:06.564 I'm meeting with company Jeremy annual reports finance. 305 00:33:06.594 --> 00:33:14.064 All projections was called special college by asking you to, 306 00:33:14.064 --> 00:33:24.023 to me finance department name achieve or finance 307 00:33:31.943 --> 00:33:32.544 communicate. 308 00:33:32.544 --> 00:33:45.263 Quaker corona was 15 and 309 00:33:47.963 --> 00:33:48.114 2. 310 00:33:48.114 --> 00:34:02.993 he company or or finance 311 00:34:12.954 --> 00:34:13.643 to attorney, 312 00:34:15.503 --> 00:34:22.253 new compliance or or shared water. 313 00:34:25.224 --> 00:34:32.034 How to calculate or just shareholder, 314 00:34:32.903 --> 00:34:45.563 Milky or chairman monitors kukar, 315 00:34:46.014 --> 00:34:48.923 monitor documents, 316 00:34:51.893 --> 00:34:56.483 keep monitoring it as a minor issue incomplete. 317 00:35:27.628 --> 00:35:34.498 Thank you bought that you are taking happening. 318 00:35:36.809 --> 00:35:43.139 I would like to call Mr. requesting host to unmute miss. 319 00:35:52.498 --> 00:35:56.458 Miss. 320 00:36:01.349 --> 00:36:05.969 Does that have you but. 321 00:36:23.728 --> 00:36:34.199 Somewhere attendees where we are not able to see. 322 00:36:34.199 --> 00:36:39.748 Several. 323 00:36:39.748 --> 00:36:42.958 And we will be there, but I need that. But. 324 00:36:42.958 --> 00:36:47.278 Old Navy. 325 00:36:47.278 --> 00:36:50.458 Can you unmute that? 326 00:36:50.458 --> 00:36:54.599 2nd email. 327 00:37:03.268 --> 00:37:09.719 And actually I will. 328 00:37:09.719 --> 00:37:17.338 Hi, please. Go ahead. So, uh, so do you do, uh, the time constraint. 329 00:37:18.414 --> 00:37:23.364 I think she is no, she is not, uh, due to time constraint we cannot allow. 330 00:37:23.364 --> 00:37:34.373 And if you shareholder say speaker rest of them, if there are any queries, I have received message from that, uh, she has joined, but she's on mute. 331 00:37:35.574 --> 00:37:48.503 So, can we check the list now? That's where she is. Can we ask? Can we ask a post on mute? Yeah, sure sure. Please. Uh, uh, sir, can you unmute? 332 00:37:48.503 --> 00:37:51.353 Uh, but, uh. 333 00:37:51.688 --> 00:37:59.099 Uh, we should not on man. She is an attendee list. Actually she is director, but you do some technical reason she joined as attendee. 334 00:37:59.099 --> 00:38:02.579 By this again she is right. 335 00:38:09.239 --> 00:38:16.019 Hello, I think she, she's not in the list. 336 00:38:17.909 --> 00:38:30.780 yeah right now i'm raising your hand can we uh can we can you hear me hello can you hear me now 337 00:38:30.780 --> 00:38:36.809 Yes, please. Yeah, please. Go ahead. Yeah, I, uh, I, uh. 338 00:38:36.809 --> 00:38:44.190 I have seen it we can't hear you. Now again, we have lost you. 339 00:38:57.480 --> 00:39:01.380 Then we can't hear you so, in the interest of time. 340 00:39:01.380 --> 00:39:08.789 Can we move ahead? Can we move ahead? 341 00:39:08.789 --> 00:39:17.250 Yes, we can, but let us try once more if he's able to connect. Sure sure, sure. Yes. I think. 342 00:39:18.539 --> 00:39:23.190 Saturday, so we are able to we are not able to hear you as of now. 343 00:39:32.579 --> 00:39:38.639 Okay, I think we are, she's on unmute, but we are not able to hear. 344 00:39:38.639 --> 00:39:43.050 You can type her question if he wants and then. 345 00:39:58.829 --> 00:40:02.789 If you can please type your question, because we are not able to hear you. 346 00:40:02.789 --> 00:40:16.409 Pushing types. Okay. 347 00:40:19.409 --> 00:40:22.590 No, we are able to hear only, you. 348 00:40:22.590 --> 00:40:30.030 Not miss the time. Okay. 349 00:40:30.030 --> 00:40:35.010 Then we can, yes, unfortunately, we are not able to. 350 00:40:35.010 --> 00:40:39.510 Yeah, you can. 351 00:40:39.510 --> 00:40:50.304 Yeah, please, go ahead. So due to, uh, due to time constraint, we can allow the few shareholders speaker rest of them are requested to send their concern. 352 00:40:50.304 --> 00:40:58.554 So, queries via email, add info, activate moneybooks, finance dot com we will reply all your queries and concern within your course of time. 353 00:41:00.869 --> 00:41:03.960 So, requesting chairman's are to proceed. 354 00:41:03.960 --> 00:41:10.769 Thank you miss 1. okay. I, on my own behalf and also on behalf of all the directors. 355 00:41:10.769 --> 00:41:16.139 Would like to test on record or sincere gratitude to all of the shareholders. 356 00:41:16.139 --> 00:41:19.650 For sparing their valuable time and attending this. 357 00:41:19.650 --> 00:41:25.079 27th, and for their very active participation, this meeting. 358 00:41:25.079 --> 00:41:31.320 Please note that the E voting will remain open for 15 minutes from the conclusion of this meeting. 359 00:41:31.320 --> 00:41:37.050 Company security and compliance officer of the companies hereby authorized to declare the voting. 360 00:41:38.125 --> 00:41:39.085 Over to you as well, 361 00:41:41.815 --> 00:41:54.355 so shall be declared shortly and will be intimidated to stock exchange and SDN and same will also be uploaded on company's website and should also be displayed on the notice board of the company. 362 00:41:54.690 --> 00:41:59.849 I hereby declared this meeting is close. Thank you. Thank you. Everyone. 363 00:41:59.849 --> 00:42:05.070 Thank you all Thank you. And that's it. Thank you very much. 364 00:42:05.070 --> 00:42:07.349 Thank you thank you. Give me 1.