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Inox Leisure Ltd.

BSE:532706  |  NSE:INOXLEISUREQ  |  58888:inll  |  IND:Film/TV Production & Distribution  |  ISIN code:INE312H01016  |  SECT:Media & Entertainment

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You can view the entire text of Chairman's speech of Inox Leisure Ltd.
Chairman's Speech
Mar 2007
Dear Shareholders,



We look back with satisfaction on an eventful and successful FY 2006-07

- a landmark year for INOX, both strategically and operationally. Our

stakeholders and employees have good reason to be proud of last years

accomplishments:



- Our turnover for the year ended March 31,2007 went up by 49% Y-o-Yto

Rs. 16248 lacs



- Our properties under operation went up to 14 in FY 06-07 from 9 at

the beginning of the year.



- Footfalls were up 48% to 9283496 in FY 06-07 from 6268669 in FY 05-06



- We declared a maiden dividend of 10%



As INOX Leisure Ltd. continues to expand with tremendous momentum, what

sets us apart is a deep commitment to innovation and the ability to tap

into the needs and aspirations of our patrons.



In 2006, INOX Leisure Ltd. successfully navigated different market

environments without losing momentum in meeting our goals. It was also

a year that validated the strategies we began implementing more than

five years ago - widening our reach geographically, while maintaining

strict operating discipline and keeping a keen eye on the bottom line.



Our acquisition of Calcutta Cinema Private Limited (CCPL) marked the

beginning of the consolidation phase in the multiplex industry. This

merger has now been approved by the High Courts of both Gujarat and

Kolkatta, and is now awaiting the completion of procedural formalities.

Our partnership with the Pantaloon Group is the first of its kind in

India and INOX at Milan Mall, Santacruz will be the 1 st single screen

from INOX and the first property launched as a result of this tie up.



We are accustomed to setting the pace for this industry when it comes

to big ideas and innovations. That will not change, and neither will

our commitment to building long-term, sustainable value for our

stockholders.



We have big opportunities ahead of us and an enormous responsibility

towards stockholders, customers and employees. We are committed to

making the most of your investment and to delivering industry- leading

innovation and performance.



In closing, I would like to thank you on behalf of the Board of

Directors for your trust and support. We will do everything in our

power to live up to the expectations placed in us for 2007.



Sincerely,



P. K. Jain

Chairman

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