WSFX Global Pay Limited — AGM Information 2019

Sep 25, 2019

Wall Street Finance limited

113-122. 1st Floor, A· Wing, Chm\amanr Plaza. Andherl KUlla Road, Chakala. Andhf>fl (East), Mumb,li 99 CIN No L99999MH1986PLC039660

C +-91 2'1 62709600

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Date: 2s'h September, 2019

BSE Limited

listing Department, Phi raze Jeejeebhoy Towers, Da lal Street, M umbai -400 001

SCRIP CODE: 511147

Company: Wall Street Finance Limited Subject: Proceedings of the 32nd Annual General Meeting of the Company

Dear Sir(s):

This is in continuation of earlier letter dated 29¹¹¹August, 2019 regarding convening of 32nd Annual General Meeting of the Company on 24th September, 2019 at Kilachand Conference Room, 2nd Floor, IMe Building, IMe Marg, Churchgate, Mumbai - 400020 at 2.30 p.m.

Please find attached herewith the summary of proceeding of the 32nd Annual General Meeting of the Company held yesterday enclosed as Annexure - I in compliance of Regulation 30 of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015, including amendments ('listing Regulations, 2015').

The voting results and other details in prescribed format as required under Regulation 44 of the Listing Regulations, 2015 will be published separately.

You are requested to kindly take the above on record.

Thanking You, For Wall Street Finn~_1,j

Chaitali Desai Company Secretary

Wall Street Finance Limited \ 13122,15\ Floor, 'A" Wing, Chlnl amanl Plaza AndhE,'fl Kurla Road, Chakala, Andhen (East), Mumbal 99 CIN No L99999MH1986PLC039660

C .. 91 2162709000

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Annexure - I

Summary of the proceedings of the 32nd Annual General Meeting of the Company held on 24th September. 2019

32t>d Annual General Meeting of the Company was held on Tuesday, 241k September, 2019 at Kilachand Conference Room, 2nd Floor, IMe Building, IMe Marg, Churchgate, Mumbai - 400020 at 2.30 p.m. and concluded at 3.30 p.m.

Mr. Dilip Modi, Chairman occupied the chair and welcomed the shareholders and after ascertaining the requisite quorum being present, ca lled the meeting in order.

Mr. Dilip Modi, Chairman alongwith Mr. N. Srikrishna, Whole Time Director and Chief Executive Officer of the Company made a presentation at the meeting and the same is enclosed as Annexure - A.

Thereafter, on the invitation, some of the members raised queries. The Chairman and Senior Management replied satisfactorily to the queries in de:tail as raised by the members.

The members were briefed about the objective of passing of the resolutions . Thereafter, the members were informed that the Company had provided the facility to members to exercise their right to vote on all the resolutions through remote e-voting in compliance of relevant provisions of the Companies Act. 2013 read with rules made thereunder and listing regulations, 201S. It was informed that the members who have not casted their votes through remote e-voting can cast their votes by fi lling up the ballot paper (poll) provided to them.

The following items of business as included in the notice convening the 32"" Annual General Meeting were transacted:

• (1) To receive, consider and adopt:
• (a) The Audited Financial Statements of the Company for the financial year ended 31'~ March, 2019, including Balance Sheet as at 31" March, 2019 and the Statement of Profit and loss Account and Cash Flow Statement along with the report of the Board of Directors and Auditors thereon; and
• (b) The Audited Consolidated Financial Statements of the Company for the financial year ended 31\$1 March, 2019, including Balance Sheet as at 311t March, 2019 and the Statement of Profit and loss Account and Cash Flow Statement along with the report of the Auditors thereon.
• (2) To declare dividend at the rate of Rs. 1.50 per equity share.
• (3) To consider and appoint a Director in place of Mr. Ramesh Venkataraman (DIN: 035450BO), who ret ires by rotation at this Annual General Meeting and being eligible offers himself for reappointment.

Wall Street Finance Limited 113122, ls1 rioor, "A" Wing. ChlnlamaOI Plala. Andherl KUlla Road, Chakala, Andhefl (East). Mumba' 99 CIN No 199999MH1986PLC039660 C t91 'l161709600 ,nfO(ii,wsiK III

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• (4) Re-appointment of Mr. Brij Gopal Oaga (DIN : 00004858) as an Independent Director for a second term of five consecutive years on the Board of the Company commencing from 241h September, 2019 to 23'd September, 2024.
• (5) Re-appointment of Mr. Madhukar Raghunath Sardar (DIN: 03067522) as an Independent Director for a second term of five consecutive years on the Board of the Company commencing from 24th September, 2019 to 23'd September, 2024.
• (6) Re-appointment of Mr. Sudip Bandyopadhyay (DIN: 00007382) as an Independent Director for a second term of five consecutive years on the Board of the Company commencing from 24th September, 2019 to 23'd September, 2024.
• (7) Payment of Remuneration to Mr. Ramesh Venkataraman (DIN :03545080), Non-Executive Non-Independent Director.
• (8) Increase the borrowing limits of the Company from Rs. 65 Crores to Rs. 80 Crores.

The members were informed that the consolidated results of rem ote e-voting and physical poll would be announced within 48 hours of the conclusion of the meeting.

Mr. Dharmesh Zaveri, Practicing Company Secretary was appointed as the scrutinizer to scrutinize the remote e-voting and the voting through ballot paper in a fair and transparent manner. Mr. Dharmesh Zaved took charge of ballot box and conducted the polling process as required under the relevant provisions of the Companies Act, 2013 and rules made thereunder.

The Chairman authorized the Company Secretary to declare the results of voting and place the same on the website of the Company and BSE Limited.

This is for your information and record.

Yours Faithfully, For Wall Street Fin e limited

Company Secretary

FY 2019 Highlights

FY 2019 Highlights
				Rs. In Lakhs
Building a Profitable, Scalable &	Particulars	FY 2017-18	FY 2018-19	% Growth
Asset lite Forex Tech Company	Gross Turnover	1,72,640	2,56,042	48%
• Launch of Digital Platform & App for Corporate & Agent Partners	Revenue from Operation - Forex	1,812.24	2,387.79	32%
	Revenue from Operation - MTSS	1,638.16
	Other Income	413.85	277.74
• Launch of WSFx Smart Currency Card & Smart App	Total Revenue	3,864.25	2,665.53	-31%
	Total Expenses	4,151.80	2,658.38	-36%
	Profit Before Tax	(287.55)	7.15	102%
• Profitable in First Year of Forex Standalone business. PAT of 12.17 Lakhs	(+) Exceptional Items *	3,821.66	-
	(-) Tax Expense	852.89	(5.02)
• Proposed Dividend of 15%	Profit After Tax	2,681.22	12.17
	* sale of MTSS business
	# Previous year figures are not comparative as the Company had sol			d its MTSS busines s

Remittance GTO YOY

Card GTO YOY

38%

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The Forex Industry

Estimated Market Size – Retail Forex USD 25 Billion App. • Foreign Currency – App. 8 Billion \$ • Forex Cards – App 3.5 Billion \$ • Outward Remittances – App. 13.5 Billion \$

Annual Growth Rate est. 10-15%

Products

Key Segments

• Students

• Corporate Leisure Millennials Education

Source : RBI Website

Competitive Landscape

Building a Digital Forex Ecosystem

Live

transparent

To be Launched

Smart Agent

B2C Platform

Under Development

WSFx Smart Currency Card and Smart App

• Multicurrency Forex and INR Card
• Worldwide acceptance at 31.4 million VISA merchant outlets
• International and domestic acceptance
• Wallet to Wallet transfer
• Remote Reload facility
• Encash to INR wallet
• 24X7 access to your funds
• Safe and Secure
• Live • Live forex rates
• Generate PIN
• Monitor transaction history
• Transfer between wallets
• Check wallet balances
• Temporarily card blocking

Digital Advantage

Omni Channel Process Automation

Forex Business Growth

565.84 590.04 543.83 688.08 820.42 0 100 200 300 400 500 600 700 800 900 Q1/18-19 Q2/18-19 Q3/18-19 Q4/18-19 Q1/19-20 (Gross Revenue in - INR Lakhs) Gross Revenue Growth Quarter on Quarter 1812.24 2371.27 FY 17-18 FY 18-19 31% Gross Revenue Growth YOY

Notes:

• The growth on both charts are pegged on Q1/2018-19 as the base year and growth are shown on the base year
• Prepaid cards has segment seasonality and hence the spike in Q2 is seen in the above graph

Future Plans

- B2C Platform & App Focus on Priority Segment of Student , Leisure & Corporate

- Wholesale Platform Integrated Expense Management Platform for Corporate encompassing Travel, Forex, Business Expense Management

Credit Solutions

Leverage customer base using data analytics

Thank You

Disclaimer

The material in this presentation has been prepared by Wall Street Finance Limited and is general background information about Wall Street's activities current as at the date of this presentation. This information is given in summary form and does not purport to be complete. Information in this presentation, including forecast financial information, should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities and does not take into account your particular investment objectives, financial situation or needs. Before acting on any information you should consider the appropriateness of the information having regard to these matters and in particular, you should seek independent financial advice. This presentation may contain forward looking statements including statements regarding our intent, belief or current expectations with respect to Wall Street's businesses and operations, market conditions, results of operation and financial condition and specific provisions. Readers are cautioned not to place undue reliance on these forward looking statements. Wall Street does not undertake any obligation to publicly release the result of any revisions to these forward looking statements to reflect events or circumstances after the date hereof to reflect the occurrence of unanticipated events. While due care has been used in the preparation of forecast information, actual results may vary in a materially positive or negative manner. Forecasts and hypothetical examples are subject to uncertainty and contingencies outside Wall Street's control. Past performance is not a reliable indication of future performance.