It is my pleasure to welcome you all to the 11th Annual General Meeting of
the Company. Before I make my customary observations, I express my gratitude to all of you
for your continued trust, support and patronage that you have placed in this Company for
years. It is my privilege to present to you the Annual Report of the Company for the
financial year 2020-21 which is the 11th Annual Report of the Company. May I take this
opportunity to brief the stakeholders about the Company's performance during 2020-21 and
the economic scenario under which it had operated.
Due to adverse effect of this CoVid-19 on Tour & Travel industry, the demand from
customer is negligible or we can say almost NIL, hence there are no business operations in
our sector. Due to travel restrictions, there are no bookings for any holiday package.
Therefore your Company has expanded / diversified its line of business. Hence it is also
engaged in Trading Activities of various products.
Your company wants to emerge as one of the largest global trading companies with
international standards of excellence nurturing a blend of quality, business ethics and
proactive enthusiasm to enhance stakeholder's value.
The Company has posted a net profit of Rs. 7.98 Lakhs for the year ended 2020-21.
Further, I am grateful to all our shareholders for your consistent support, and I can
assure you that we in VMV Holidays Limited will continue to strive very hard to be worthy
of your trust.
In a nutshell, we do not just intend to market and sell our service, but to market and
sell a total-quality environment. This will ensure we establish a reputable corporate
image. In conclusion, I thank our Board of Directors, our employees who work so hard to
serve our guests. I also thank other stakeholders for their continued support.
Warm Regards,
VIKRAM BAJAJ
Chairman