58:20 : A K LABH : Good afternoon, say always. I.
58:23 : A K LABH : Think Kumar lap practicing company Secretary of the company, Welcome you all to the thirty fourth annual general meeting of the stakeholders of Square four projects India Limited. Before I hand over to the chairman to start the proceedings of this AGM, I would like to highlight certain points over here.
58:44 : A K LABH : Due to Covid nineteen pandemic, the Ministry of Corporate Affairs and the securities and exchange board of India white their respective circlus have allowed companies to hold the GM through video conferencing or other audio visual means. This AGM is accordingly being held through vc.
59:04 : A K LABH : In compliance with the circulars issued by the Ministry of Corporate Affairs and CB. Further, as per the said circulars, the requirement of sending the fistal copies of annual report for the financial year twenty twenty five twenty twenty six to the shareholders has been dispensed.
59:26 : A K LABH : Accordingly, the annual reports for the financial year twenty twenty five twenty twenty six along with the notice of thirty fourth AGM have been sent by electronic means only to all the stay holders.
59:40 : A K LABH : Whose email IDs were registered with the company's registrar and share transfer agent or depositories. Further, a later providing the wavelength including the exact path where complete details of the annual report of the company is available is also being sent to all those stakeholders who have not registered their email.
1:00:01 : A K LABH : The company or its RTA. All the say holders who have joined this meeting are by default being placed by the host on mute for conducting this meeting smoothly and seamlessly. Now, I would like to request mister Dennis from Anya managing director of the company to chair the meeting.
1:00:23 : A K LABH : Start the proceedings of this EGM.
1:00:27 : Ganesh  : I welcome you all to the thirty first annual journal meeting of square four projects India limited.
1:00:36 : Ganesh  : Participation of shareholders through video conference is being.
1:00:42 : Ganesh  : For the purpose of quorum as per the circular issued by MCA and section one zero three of the company's Act twenty thirteen. At the requisite quorum is present, I can start the meeting to the two order. I now request mister Lab to provide general instruction to the sale holder.
1:01:03 : Ganesh  : Regarding.
1:01:05 : Ganesh  : Participation in.
1:01:07 : A K LABH : Chairman. Facility for joining this AGM through VC or other audio visual means is made available for the say holders on the first and first basis. The stakeholders who have registered themselves as speed up stakeholder for the AGM would be provided opportunity to speak in the ag.
1:01:29 : A K LABH : M when the names will be announced and accordingly the floor will be opened for the stakeholders to ask queries or express their views. Now I would like to request the chairman to continue with the proceedings of the AGM.
1:01:42 : Ganesh  : The company has taken all feasible efforts under the current circumtances to enable stay holders to participate in the AGM through video conference agility and to provide electronics voting facility under the AGM. I thank all the shareholder colleagues on the board, auditors and management team to, for joining.
1:02:03 : Ganesh  : Video conference. Notice of the thirty fourth annual general meeting along the annual report for financial year twenty five twenty six was sent and to the shareholders electronic.
1:02:21 : Ganesh  : Permission.
1:02:28 : Ganesh  : There are certain quality qualification in the strategy of audit report and the secretary auditor report of the company for the financial twenty sixth twenty five twenty six and same as duly explained in the director's report and that does not require any further clarification. Therefore.
1:02:48 : Ganesh  : Kind permission I take the stutory audit report and the secondary report as read. I now take upon the resolution as set forth in the notice of the thirty fourth annual general meeting, please note that this resolution have already been.
1:03:09 : Ganesh  : Proposed through e voting. Ordinary business.
1:03:20 : Ganesh  : And concentrated for the financial year.
1:03:22 : Ganesh  : March thirty one twenty six along with report of.
1:03:25 : Ganesh  : The board of director and auditor there on respondent number resolution number two appointment that Mister.
1:03:34 : Ganesh  : Samantha has a director of the company labeled to retire by rotation. I now request with the.
1:03:41 : Ganesh  : To brief the saler regarding.
1:03:44 : Ganesh  : The voting process.
1:03:45 : A K LABH : Thank you chairman. In compliance with the provisions of the companies at two thousand thirteen and CB listing in relations, the company had provided to all the shareholders holding shares as on the cutoff date of seventeenth September twenty twenty six, either in festival form or in demetalized form, the facility to.
1:04:05 : A K LABH : To exercise the right to vote on resolutions as set out from item number one and item number two in the notice of the thirty fourth AGM through remote evoting platform provided by CDSM. The remote evoting facility was available to all the stakeholders from September twenty twenty sixth n.
1:04:26 : A K LABH : M. Up to twenty third September twenty twenty six five pm. Electronic voting facility at the AGM is being made available to enable members who have not passed their votes through remote evoting to exercise their voting rights again. The evoting window shall be activated upon instructions by the.
1:04:47 : A K LABH : Chairman during the AGM proceedings. The members attending the meeting.
1:04:52 : A K LABH : Who have not tasked their vote by remote evoting and it's a size their right at the AGM through electronic voting facility. Say older stand click on board tab on the VC screen to avail this feature. Say holders may please note that there will be no voting by so of hands. Further since the meeting has.
1:05:15 : A K LABH : Through electronic mode, no proposing and secondary of resolutions will be there. May I now request our chairman to continue with the proceedings of the AGM?
1:05:40 : A K LABH : Mute mister Chairman you have made.
1:05:48 : Ganesh  : Thank you mister Lab. The company has appointed mister Lab, practicing company security to act as.
1:05:57 : Ganesh  : A remote evoting and evoting process at the GM in a fair and transparent manner. The result will be declared on OB four twenty sixth September.
1:06:08 : Ganesh  : Twenty sixth based on his.
1:06:12 : Ganesh  : After considering evoting done today by the members participate in the AGM and also remotely voting already done by the stay holders.
1:06:21 : Ganesh  : The result will be published on the company's website and will also be uploaded on the website of stock exchange BSC. The evoting windows cell now.
1:06:31 : Ganesh  : Be activated for.
1:06:34 : Ganesh  : The sales to vote during the AGM. Now the members are requested to speak and moderate is requested to unmute the speaker one by one.
1:06:46 : A K LABH : Following speakers have already been registered and will speak. The company has received the names of the following.
1:06:55 : A K LABH : Stakeholders as your speaker stakeholders. Now may I invite first mister Manas Benergy? Host, please unmute mister Manas Benergy.
1:07:07 : Manas Banerjee : Good afternoon to everyone. Respected chairman. Present board members and fellow shareholders. Myself Manoj Beenergy joining from Kulkata. So there is support all resolutions now quickly come to my queries. I.
1:07:24 : Manas Banerjee : Have only one query set.
1:07:26 : Manas Banerjee : As a real estate development and construction company, we are operating in a border Indian market that is saying premium real estate growth.
1:07:37 : Manas Banerjee : Why has our company not been able to capitalize on this real estate cycle?
1:07:42 : Manas Banerjee : Are there any active project pipeline or land monetization strategies, planned for FY twenty seven.
1:07:52 : Manas Banerjee : To turn the business around? I have nothing to say, my best wishes for the company's sustained financial growth.
1:08:01 : Manas Banerjee : And prosperity in the coming years. Thank you, sir.
1:08:06 : A K LABH : Thank you mister Benergy. Now may I invite the next speaker mister Kamal Kissour Jaward?
1:08:15 : HOST : Mister Kamal is not here.
1:08:20 : A K LABH : Okay, now let's move to the next speaker. Mister Sitant Java.
1:08:26 : HOST : Mister Srikanth Howard is also not here.
1:08:31 : A K LABH : Okay, now next let's move to next speaker mister Amarandrenathree.
1:08:39 : PRAVEEN KANODIA : Am.
1:08:40 : Amarendra Nath Ray : I audible sir?
1:08:42 : Amarendra Nath Ray : Yes.
1:08:43 : A K LABH : Yeah quite audible Mister, please.
1:08:46 : Amarendra Nath Ray : Respected chairman mister Ganese Singhania team members of the board, I am more than shareholder of square four projects limited India limited joining.
1:08:58 : Amarendra Nath Ray : Annual general meeting through video conferencing from Kulkata. So special thanks to our secretary of department for rendering good eventual service and.
1:09:07 : Amarendra Nath Ray : Thanks to our. Thanks to mister AKK. Who always maintain corial relations with the shareholder and kind cooperation with the sharehold also. Sir, I have some observation. With ninety three point ninety nine percent of intercorporated loan concentrated with a single related party, Sir, what.
1:09:27 : Amarendra Nath Ray : What measures has been has the company put in place to manage the associated credit and liquidity risk and and ensure timely recovery? With second observation since the company's enter other income of rupees, thirty eight point forty three lakhs of rupees in a FY twenty six comes from interesting.
1:09:49 : Amarendra Nath Ray : Sir, I would like to know, how does management plan to diversify its income sources and reduce dependence on interest earning. I have cast my word in favor of all resolutions. I have full trust in our strong and evision management. I wish our companies continued success and prosperity. I believe another leadership of our.
1:10:09 : Amarendra Nath Ray : Honorable mdesir and with the support of our directors officials and staff, our company will reach new high near future. Thank you for patient hearing. Over to you for that processing. Thank you sir.
1:10:20 : Amarendra Nath Ray : Thank.
1:10:21 : A K LABH : You mister Ray for the nice words. Next speaker is miss Lily Paddhan.
1:10:32 : Lily Pradhan : Hellen, am I always? Yes.
1:10:35 : A K LABH : You are audible man.
1:10:36 : Lily Pradhan : Okay. Very good afternoon. Respected chairman, it's board member, and fellow chairholders. Myself Lily Prahan are longstanding speaker from cold Qata attending two video conferences. First of all, I sincerely thanks the board of directors respective chairman respited in the respective CFO. Respective ceretary.
1:10:57 : Lily Pradhan : Team and respected moderators for guiding us. Please must be busy in future for the worldwider participation. I admire secretary's coordination. Chairman said I am genuinely proud of your polite harmbly leadership team and thoughtful nature and vision, which inspired.
1:11:16 : Lily Pradhan : Great confidence among shareholders. I am hopeful that under your evil guidance, our company will call me continue to achieve greater and greater success in coming year. Now I have put some specific questions. First question, what are the key ways that could effect a performance and what mitigation s.
1:11:38 : Lily Pradhan : Strategies are in place? Next, are there any plan current plans to investment in the expanding the our business? What is the, what will be the expected return on such investment? And who, what are the projected timeline for this investment? Nothing more.
1:12:00 : Lily Pradhan : As a woman speaker, I request always to support women's empowerment which is most important and must be cheersed by trusting for dignity and respect. Thank you, thank you so much with warm regards and best to assess to all. Thank you chairman sir. Thank you very sir.
1:12:20 : A K LABH : Thank you mister Gun. Now next and the last speaker is mister Dipayan Pradhan.
1:12:32 : A K LABH : Host is mister Pradham there?
1:12:34 : Dipayan Pradhan : Hello, am I loud and clear?
1:12:36 : A K LABH : Yeah, you are clearly orderable mister Prahan.
1:12:38 : Dipayan Pradhan : Thank you for having me and I'm really grateful to the company for giving me this opportunity and having the meeting on an online platform. I have a couple of questions. How does the board plan to deploy companies capital to generate better returns for shareholders? And what is the board's concrete plan to improve earnings per share.
1:12:59 : Dipayan Pradhan : Network and eventually resume meaningful dividends? Thank you, that will be all from my end.
1:13:06 : Dipayan Pradhan : And I hope the company gets a better result next financial year. Thank you.
1:13:12 : PRAVEEN KANODIA : Thank.
1:13:13 : A K LABH : You Mister. Now, now I would like to request our chairman to please proceed further.
1:13:39 : A K LABH : Mister Chairman sir, you are you are on mute.
1:13:44 : Ganesh  : Thank you stay holders and your generous company has taken.
1:13:48 : Ganesh  : Company has not been able to locate any good project. However, the talks are going on for some good development work and taking any good projects in hand. We are quite hopeful that we will be done around the will very soon, serviceholder may note that he.
1:14:09 : Ganesh  : He voting will end after fifteen minutes from conclusion of this meeting, say shareholders who have not cast their vote yet requested to do so. Whether I authorized.
1:14:21 : Ganesh  : The company secretary to declare the voting result and upload the result on the website of stock action.
1:14:28 : Ganesh  : And on the website of the company within forty eight hours of ending of this meeting, the resolution as that fourth in the notice shall be team to be passed today's subject to received numbers of.
1:14:44 : Ganesh  : The stay holders and participation.
1:14:48 : Ganesh  : This. I also thank all the board members, auditors for their participation. I now request all the board members and auditor to log out of the meeting. I now yearby declare the proceeding of this AGM has closed. Thank you.
1:15:06 : A K LABH : Now I declared the meetings concluded with the vote of thanks to the chair. Thank you everyone. Thank you. Thank you.
1:15:13 : A K LABH : Host, please conclude the meeting.