Swastika Investmart Ltd

Dear Stakeholders,

I am honored to share with you a comprehensive overview of our financial performance and strategic initiatives for FY 2023-24. This document represents more than just numbers and figures; it embodies the collective efforts, dedication, and resilience of every individual associated with Swastika. Throughout this year, Swastika has achieved notable milestones, marking it as a period of significant growth for our organization. Our steadfast commitment to prioritizing technological advancement, quality services, and infrastructural modernization, alongside our dedication to sustainability and operational excellence, has solidified our position on a robust foundation.

Financial Highlights 2023-24

I am pleased to share that the fiscal year 2023-24 has been exceptional for our company's financial performance. The Board of Directors has recommended a 20% dividend, marking the 20th consecutive year of dividend distribution, a testament to our consistent growth and shareholder value creation. Throughout the year, we have faced numerous global and domestic challenges that tested our resilience and adaptability. Despite these hurdles, I am proud to say that FY 2023-24 has been a milestone year for us. We achieved our highest-ever consolidated revenues of 11,417.38 Lakh, reflecting a 29% growth, and recorded a profit after tax of 1,228.50 Lakh, showing a 100% year-over-year growth. On a standalone basis, our revenue reached 11,092.23 Lakh, with a 30% growth, and our Profit after Tax hit an all-time high of 1,211.45 Lakh, registering a 104% year-over-year growth.

Furthermore, our strategic partnerships with leading Fin-tech companies have empowered us to offer advanced tools to our clients, enhancing their decision-making capabilities in investment and trading activities. To fuel our next phase of growth, our Promoter group members and our strategic investor, Share India AlgoPlus Private Limited (a wholly-owned subsidiary of Share India Securities Limited), have committed an aggregate investment of 32.97 crore during this year. This investment will be facilitated through the issuance of fully convertible equity warrants on a preferential basis to enhance our business activities. We believe that with this funding, the company will optimize its capacities, consolidate its market share, and reach new heights in both existing and new product categories.

Customer-Centric Initiatives

At the heart of our operations lies a steadfast commitment to serving our clients' needs with excellence. We have expanded our service offerings to include:

1. uTrade Algos: Algo trading services with exchange-approved strategies through our uTrade Algos products.

2. WealthBags: A curated portfolio product backed by a team of experienced research analysts. It highlights our dedication to providing tailored solutions to our clients. With the support of our team of analysts, WealthBags offers investors the opportunity to build diversified, long-term, and short-term portfolios, tapping into market trends and opportunities identified by industry experts.

Operational Breakthroughs

To streamline communication channels with our branches and authorized persons, facilitating quicker issue resolution and enhancing overall service efficiency, we have developed a system known as Swift Communication. Through this centralized communication channel, we are committed to providing seamless experiences to our branches and authorized persons, ensuring that their needs are met with utmost priority and responsiveness. Additionally, our technology team has made significant upgrades to our in-house software for clients and our team.

Milestones and Successes

Having set targets last year, I'm proud to highlight several notable achievements. Our Investment Banking division has launched 4 SME IPOs, all of which have been listed successfully. Furthermore, we have a promising pipeline with a large number of potential IPOs in various stages of development, indicative of our strong market position and ability to identify and capitalize on opportunities. In addition to our IPO successes, our team has been actively engaged in a range of pre-IPOs and equity deals, valuations, and other advisory transactions including private equity advisory, preferential allotments, and open offers.

Furthermore, a curated portfolio product WealthBags, supported by our experienced team of research analysts, stands as a significant achievement for us. It reflects our unwavering commitment to innovation and client-centric solutions

Empowering Communities

Our company's CSR efforts, environmental initiatives, and ethical governance align with our ESG responsibilities. We're proud of our progress in sustainable solutions, impacting health, education, sanitation, and positively impacting the lives of our stakeholders. As we enter in fourth decade, we're eager to continue this journey with our employees and communities. Upholding values and transparency, our board's report reflects our commitment to accountability and best practices.

Journey Ahead

Looking ahead, we are excited to embark on a new phase of growth and expansion. For FY2024-25, our key focus areas will be to strengthen our capabilities across the entire value chain of the business, as we introduce more products and service offerings, leading to expanding revenue streams and better margins. We also focus on strengthening our presence in the investment banking sector by opening 15 more branches across different geographies to tap the huge potential in this segment. Additionally, we are committed to exploring opportunities in the Margin Trading Facility (MTF).

Through strategic partnerships, technological advancements, and a persistent pursuit of excellence, we are confident in our ability to navigate the evolving landscape of the financial markets and deliver sustainable value to our stakeholders.

Heartfelt Thanks

My gratitude goes out to all of you our loyal shareholders who have stood by us all along and our new investors who have come on board most recently, as we come together to reflect on the journey that has led us to this point. Furthermore, we acknowledge and celebrate the exceptional dedication and hard work of the entire Swastika Team. Their relentless efforts have delivered unparalleled service and contributed to our remarkable performance. Each member of our team embodies our values and commitment to excellence, and we are immensely proud of their contributions to our success.

With the continued support of our valued partners and the dedication of our exceptional team, we are confident in our ability to navigate challenges, seize opportunities, and build a brighter future for Swastika and all those we serve.

Thank You!