Hi All,
My best attempt as a quick transcript notes of 21st AGM 28/DEC/2020. Please bear with me on places needs an improvement. I suggest to go through the video link (https://brightcominvestors.com/forums/topic/brightcom-discussion-general/page/134/#post-9956 ) as well once apart from below points – to nullify the human transcript errors.
Thanks
balajihands
1. 21st AGM Start and Welcome Note from Mr.Manohar
– Decorum of the forum and few rules and guidlines
2. Mr.Vijay welcome on-boarding Mr.Peshwa
– About Mr.Peshwa
– Vast Experience in Consumer, Retail Marketing and Technology, e-commerce which are very important for BCG
– Alumni of IIT-K and IIT-Calcutta
– Chief Sales Marketing Officer – Ampersand group
PNG, Darbur, pepsi, Reliance Retail, Global Com Africa, Sterling Holidays
– launched and relaunched –> Reliance Digital, Hutch, Ariel, Detol, Harpic, babool, Housing.com
(my own addon – for more details –> please check https://www.linkedin.com/in/peshwaacharya/ and http://www.peshwaacharya.com/)
3. Mr.Peshwa on welcome note
– Extremely Grateful to be on board
– Extreme opportunity of BCG as a company practicing Ciesto and CMO (I did not get this point at all – surely it is incorrectly spelled by me)
– all about digital and our company really posed for cast of growth
– all shareholders it is an excellent opportunity
4. Mr.Suresh authorize to proceed the meeting on points
5. Mr.Suresh – key points
– crossed 60,000 shareholders – – last AGM to now – doubled
Thanks to the confidence in us and invite new share holders
– recalls company starting age – along with Mr.Vijay
and compares to present day 3 billion online users and potential
– AI (Artificial Intelligence) based applications today is as exciting as Internet in back those days
across all industry
– BCG started AI based learning algorithms in few areas
lot more to come in future. this is a initial phase.
– BCG is up to date on industry and mgmt. is watching closely;
on AI and market transformation.
– Numbers on this year
– progress-overall performance has been good
– consolidated revenue of 2706.47 C against 2577.72C previous year
– net profit 440Cr similar to last
– more on Annual Report
– Mobile First to AI First world – in a matter of time in future
– Advertisement online is bread and butter of BCG
Paid Services to Free Services debut – is won
6. Mr.Manohar reads on resolutions
7. Share holder questions
8. Mr.Suresh Reply on share holder questions
– Share price on 3 figure number
BCG focus on what company should do and fix problems and has to be done
perception of the company improves by that and numbers are consequence of that
– bonus and dividend
– very small token dividend to start the progress
– Bonus and dividend discuss among board and come back with proposal to the general body
– COVID and Opportunity
– Connecting Advertiser and End User
– venture at times – publisher side
– make solution complete
– plus AI – start looking at potential merger
– Until we finish – outstanding Indian Debt, Outstanding court issues- then we will look at merge
– we confident and relive this issue – huge progress made on this year and guarantee log of actions upcoming
– We grow through acquisitions from 2006/07 to 2010 and further
9. Results will be displayed in the website of the company, CSDL Website and Forwarded to BSE/NSE.
10. 21st AGM concluded.
