And the webcasting also.
Ten 987-65-4321. Please go ahead sir.
Good afternoon. As the chairman of your company, I have the privilege in chairing this annual general meeting. On behalf of the board of directors of the company, I extend a very warm welcome to all of you to this 41st annual general meeting.
And the 5th AGM of your company being held through video conference. The Ministry of Corporate Affairs and say we have permitted the companies to hold the AGM through the video conferencing or other audio visual means till 30 September 2025.
Accordingly, the 41st AGM of your company is being held through video conferencing. I called the meeting to order as we have the requisite quorum present through VC to conduct the proceedings of this meeting, participation of members through VC is being reckoned for the purpose of quorum as per the circulars issued by MCA.
And as per section one oh three of the company's Act 2013. This meeting is being held through VC in accordance with the circular issued by the MCNC B MCNC B circular is dispensed with the requirement of dispatching the physical copies of the notice and AGM for this AGM. Hence, notice of this meeting along with a annual report has been sent electronically to all.
The members entitled to receive the same. I therefore ladies and gentlemen, with your permission take the notice as read. Before starting the proceedings, let me introduce you all to the directors of your company and other participants attending today's AGM through VC. Mr. HS Venkatesh, Independent Director Chairman of the audit Committee of the company, participating.
From Bangalore. Madam, non executive director of the company participating from Bangalore. Good morning. Mr. Sudhir Kumar Asija, non executive director of the company participating from Bangalore. Mr. Nila Manjunath, Independent Director and Chairman of nomination and remuneration.
Committee of the company participating from Bangalore. Mr. Ragunambia, Director of the company participating from Bangalore. Madam Nicola Niladru, independent director of the company participating from Bangalore. Mr. Krishna Dascus chief executive of the company participating from Bangalore. Mr. V Nirajan chief Financial officer of the company participating from Bangalore.
Mr. Prashant company secretary and compliance officer of the company, participating from Bangalore. Mr. Sri Whatsapp financial advisor participating from Bangalore. I further acknowledge the participation of mr. Rammond Higdere representing mister's KSRN company chartered accountants, statutory audit.
Participating from Bangalore and mr. Vijay Krishna Katie, secretarial auditor participating from Bangalore. As the notice is already read, circulated to all the members, I take the notice of the meeting as read. I am sure that all of you have received the annual report and that you have studied the same. I now request mr. Prashant company secretary to provide general instructions to the members regarding participation in this meeting. Over to you Prashan.
Thank you sir. Good afternoon dear members. The company has enabled the members to participate at the 41st agent through the video conferencing facility provided by CDSM in compliance with the.
We should by the Ministry of copy.
Members have been provided with the facility to exercise their right to vote the electronic means both through remote key voting and key voting at the agent. In accordance with the permissions of the company's act 2013 as the members joining the meeting through VC who have not already cast their votes by means of remote evoting may vote through e voting facility provided by CDSF. The company has appointed mr. Vijay Krishna Katie practicing company sectory as a strudenizer who will collate the voting results of the remote key voting.
And the e voting at the agent for each of the items as per the notice. Members are requested to refer to additional information provided in the notes to agent notice. The register of directors and key key manager personnel, the register of contracts or arrangements have been made available electronically for inspection by the member.
Members seeking to inspect such documents and send the request through CS@MRI.As the agent is being held through VC, the facility for appointment of proxies where the members is not applicable, and hence the proxy register for inspection is not available. The company has requested members to register as speakers during the AGM in case of any queries. Thank you very much. I hand over to the chairman to continue the procedure.
Thanks over to you sir.
Thank you, Prashant. The company has taken all the efforts feasible under the circumstances to enable members to participate and vote on the items being considered at the meeting. Dear shareholders, today as we participate in this 41st AGM of, I warmly welcome each one of you limit. It is always a pleasure to connect with.
With you all and although virtual it is a privilege to be with you on today. On behalf of the board of directors, I thank you for making the time to join us. Your trust and support over the last four decades have given us the confidence to push ourselves past challenges and complexities and deliver consistent value for you year after year.
As you are all aware, by now we have changed our company name from MRO tech Reality Limited to Umia build corn limited. The decision to change the name is part of our strategic plan to expand our business focus. Under the brand Newmia, the company has made a move to add real estate as an active business segment to the existing technology verti.
With nearly two decades of experience in commercial and residential development under my leadership, Brand Omia brings forth the strength to considerably scale up the overall company revenue and growth. I would like to emphasize that our network and telecom year will continue to operate under the well known trusted brand of MRO tech. The new name Omia Bilcon reflects our vision of a hybrid business model where real estate and technology networking segments not only coexist but also complement each other. Our integration.
Approach allows us to leverage technological expertise to enhance real estate development and build infrastructure solutions, creating value across both verticals. The real estate business is expected to generate higher top lines and steady cash flows which will be redeployed to bolster our technology segment. I would encourage all of you to view our website for regular updates and featured news about the company.
Let me now update all of you about the segment wise business and our continued progress and efforts on ensuring growth in each of the verticals. Real estate, the sale of property has planned, the company has successfully executed the sale of the property located at the electronic city and have received the proceeds from the sale.
This is in line with the company's strategy of relocating the company's manufacturing operations to a more cost effective and manufacturing centric location. This 40.5 crow asset monetization will help us to deploy the cash flows effectively into strengthening the company's primary business verticals of real estate and telecom networking infrastructure. The company has launched and commenced construction activities for Omia brick Lane, a residential project located at Candila.
Beach in Goa. The company has obtained the error approval for this project designed as a bootique premium living experience, the project marks Omiya Bilcon's formal real estate entry under the Omia brand into the holiday home segment. Besides this project, the company's had advanced planning to launch projects in the Uber luxury Villa projects in Goa and the bangalore.
The project in Goa will be a beach side luxury villa in Benolium. The company is also in the process of finalizing approval plans for a niche and exclusive uber luxury villa project in North Bangalore. The revenues from operation from real estate business has increased to 15.99.
.6 300000 during the financial year 2020 04:25 as against 1146 .1 600000 for the previous financial year 2020 03:24. The increases attri attributed to the increase in leasing income by way of new tenants.
Products. The products BU has demonstrated good growth. Winter introduction of new products, greater R and D efforts and enhanced tech absorption. Our routers and switches are now well accepted in the market and have proven performance in the telecom broadband markets as well as in government sector.
And the Indian railways. We continue to focus on our product development and R and D efforts to ensure high local content in our products in order to successfully leverage the opportunities of government policies of make in India. Our committed efforts towards local sourcing and indigenous development have reflected in our enhanced sales and customer acceptance.
Towards our products. Your company is a DOT trusted source for telecom products. All our flagship products are TC certified as per mandated by government norms. As an OEM of telecom gear, the company continues to focus on core technology business under the brand name of MRO tech.
Some of the company's notable results are R and D and product development. With our continued focus on make in India, your company invested significantly into R and D and focused on developing indigenous network products. I'm happy to share that the company has developed its own one G switch. The.
The firmware development is complete and the switch hardware will be manufactured from component level at the company's manufacturing facility in electronic city bangalore. The company has received the copyright certificate for the intellectual property rights of the product. With this, the company has added another vital product to its make in India class one category. The development is proof of the company's R and D capabilities and its commitment to make in India. The company.
He is now planning to develop more products in the ten G and 40 G range as part of the product development roadmap. Ponditary state wide area network swarm. Network security. Last year the company's new product, the unified threat Manager device UTM was deployed in pondulitery swarm, connecting all the government departments and end offices.
Government departments access various applications like ERP and E office which are hosted by the state data center. As such network security is a very critical aspect. The project has been running successfully and has gained customer trust and acceptance. The ponditary government has issued an additional order for an.
The 54 sites. The utmiss are gaining much interest in generating several inquiries from tier one internet service providers and system integrators. Defense. The company has developed a network device for a large international defense manufacturer as part of their localization initiative. The device will be fielded in upcoming defense tenders as part of the overall system. The device was recently successfully tested in army field trials in.
In highly challenging conditions of of high altitudes and sub zero temperatures. Your company is confident that the device will be very competitive fit for upcoming army tenders. A winning bid will mean a significant order in value and a foreign into the defense market. Further, the company has targeted the product for foreign markets since there is a good demand for the same in several parts of the world.
Segment revenue and growth figures. The turnover of the company under the products has increased from 1429 .98 legs for the financial year 2324 to 1820 .0 400000 for 2425. That is a growth of about 30 %.
The segmented result from this segment before allocation of plant and machinery corporated office expenditure is 7602 .5 lakhs during the year 2425 as compared to corresponding previous year 2324. Segment result of 606 .90 lakhs.
Your company is managing for solutions, the company is managing, operating and maintaining five projects across the country, which has ensured a robust regular cash flow for your company. With this, your company is operating nearly 1500 links across the country with four network operations centers.
We will continue to focus on turnkey projects, business and network specific areas. Our new product introduction like SD WAN, UTM and cloud services are expected to help in our business development of efforts in the system integration vertical.
During the year we received additional orders of 50 sites for the swarm project. We also received the significant order from rail tell for the supply of TDM stroke IP device for a key railway project. Our efforts are on to secure new projects and business and system integration, which will ensure regular.
Cash flows with a good bottom line. The turnover of the company in this segment for the year 2425 is rupees 14441 .1 100000 as compared to 927 .0 200000 during the corresponding previous year of 2324, which is a growth of 55 %. The segment result during the year 2425 is 833 .3 100000 as compared to 757 .0.
Zero two legs during the corresponding previous year 2324. Your company stands on its promise to deliver. We have proven our ability to constantly innovate and introduce new products to deal with an ever changing technology landscape as well as government policies. Despite the various challenges, we displayed astute business strategy by way of diversification.
And local innovation. The proof of which is seen in higher revenue and growth in all verticals. My special mention to our dedicated and highly professional team ablely led by our CEO Krishna Das, who has always wholeheartedly contributed to the growth of the company. For over 40 years now MRO Tech has earned the trust of the nation by building progress with responsibility. We continue this legacy and our unrelated.
Focus on customers is a particular source of pride. To support our growth strategy, we have fostered a culture that focuses on achieving the highest level of performance. I'm grateful to my colleagues on board for their continued guidance and support. Looking ahead, I'm fully confident that we have the right strategy to pursue real estate business and focus on our enhancing.
Our market footprint as a trusted OEM and solutions provider while delivering superior long term value to our shareholders. Nothing would have been possible but for the relentless cooperation and support extended by the employees at all levels and the entire board places on record its appreciation for the same.
We will now resume with the proceedings. As there are NO qualifications or observations or comments in the independent auditor's report in the standalone and consolidated financial statements and in the Secretary audit report with the consent of the shareholders, we may take the independent auditor's report and secretarial auditors report.
As read. The board of directors has appointed mr. Vijay Krishna Katie practicing company secretary as a scrutinizer to supervise the e voting process. Let me read out the items of business placed before this meeting. Ordinary business.
To receive, consider and adopt the standalone financial statements of the company which include the audited balance sheet as on 31 March 2025. The statement of profit and loss for the financial year ended as on that date and the cash flow statement together with reports of the board of directors and the statutory.
The auditors report their own to receive and adopt the audited consolidated financial statements of the company for the financial year ended 31 March 2025 together with the report of the auditors there on. To reappoint mr. Sudhir Kumar Hasida holding double 0156.
7168 director who retires by rotation and being eligible offers himself for the appointment. Special business to appoint secretary auditor of the company for a period of five consecutive years to consider and increase the limit of the related party transactions. If any member desires to raise any questions pertaining.
To any item on the notice, he or she may do so now by clicking the right hand button on the chat option. Members are requested to keep their questions brief and specific. The moderator, a representative from CDSL will facilitate questions on the video feature. Members may also vote that the company reserves the right to limit the number of members asking questions depending on the availability of time. Members are requested to mention their name and their folio ID or client ID before asking their question.
In the interest of time, consolidated reply will be given at the end. I shall request our CFO and company secretary to take down questions, if any and furnish replies, explanations and observations to the members. I shall now request the moderator to give us general instructions to the members who are present, who wish.
To see clarifications one by one. Over to you sir.
Thank you sir. Today we have three registered speaker. So we have our 1st speaker, mr. Manjit Singh. He is not present in the meeting. So we'll go for 2nd speaker.
Mr. Dilip Kumar join just a minute, let me check. Even he's not present in the meeting, so we'll go for the 3rd speaker, mr. Gunja.
Sir, can you please Hello, sir?
Hello? Am I audible? Yeah, yeah. Hi mr. Meta. Good afternoon. I have a couple of, yeah, I have two questions both on the real estate side and on the products and the technology side. I just wanted to understand.
Large experience on the real estate side under the listed company, would you stick to doing premium projects that you have already announced one in two in one in bangalore? Or would you be also looking at large sized mass housing projects?
That's one. Secondly, you would also be needing some funding around doing projects in the real estate, so how are you going to look at funding them? On the technology product services side, we understand it's a highly competitive industry with.
Lot of large global players into this industry whose R and D budget is far higher than our company's turnover. So how do we plan to compete with them? You also said that we have tied up with a company for the defense product and if we get we'll get a large order.
If you can share what size of that order would be, and lastly, what size or turnover is possible in the next three, four years both in the real estate division as well in the products and technology and services side of it. That's it from my side and I wish you best of luck. Thank you.
Okay, I ask mr. Krishna Das, I see you to answer regarding your electronics and networking products and I will answer on the real estate once he finishes answering you on this. Katie, can you please do the needle? Yeah.
Good afternoon, so regarding your, there are two parts to your question. The 1st one regarding how we are competing with global giants since our R and D will not match up to this. There is a certain you know technology landscape in in terms of.
Of oemiss also when you look at the market, you know, you will have the Cisco and the Junipers who are the tire one. When you look at the pyramid MRO will fit at somewhere in the middle of the pyramid, that is where our products fit in. And below that would be a lot of products like dealink, et cetera, just to give you an OEM landscape. So we fit somewhere in the middle of this whole pyramid, the although our technology and R and D size is smaller.
But the kind of straights we have made in the last one and a half years is quite huge. As our chairman brought out, we have introduced one G switches now which are wholly indigenous and the same framework we call it the MRO operating system, which is the firmware, firm firmware which will again scale up for ten G and 40 g. So we have.
I have put in a lot of effort in the past one and a half years to create a base for indigenous switches. So in the coming years, we'll also be looking at routers. And with the government policy having come in, there is a need for make in India. A lot of contracts and tenders and especially on the government side, they stick to Indian oemiss with you know class one local content, which means about 60 % local content. So in a nutshell, our R and D is moving faster.
Even though it is a small size, it is more agile, we are bringing out newer products. We have technology cooperations where we, you know, also use technology absorption to ensure that gaps are filled in terms of technology. So the product landscape over the past one and a half, two years has increased significantly, which caters to the market demand. We also have enough software, we have an in house software development team.
Which makes network management softwares, which makes UTM front ends. So there is also the MRO cloud which has come into play. So we are integrating hardware plus software, which is a change from being a pure hardware company. We are also moving to the management layer or the software layer.
Yeah, so with all this, we are moving kind of, hand in hand stride and stride with the top companies and due to the make in India initiatives, we are able to, you know, compete in larger projects and compete hand in hand with them. Yeah, I hope that answers that question.
On the real estate front, as you know, we are already getting a rent of about 16 cross per annum, which gives us an asset base of approximately about 275 to 300 cross. This will be leveraged by us to raise money as and when needed. Answering about whether we want to do mass housing projects at the moment we don't want to. We want to focus on luxury and Uber luxury because that is where we will not only make our name, but that is also where we will earn better margin.
For the same amount of effort put in to complete a project. I hope that answers you regarding the real estate also.
There's one more I have missed out on the defense part. Let me just inform you on that part also. We have developed a product which is not in collaboration but for international radio manufacturer. It is for, it is a defense product, a mill grade product and the size et cetera, we will know only when the tenders are out. We have a visibility of the tenders, but it's very premature to put a number to that. But what we want to.
So, you know, highlight and inform our shareholders is that we have reached a stage where we are capable of developing defense products. The product is already validated and tested at high altitude and sub zero temperatures as our CMD has highlighted earlier. So we have developed the capability, the product is good to go on a competitive level and these are army tenders, they take their own time and as and when the.
Tender is out which we expect to happen this year. We will have more visibility on the size and where we stand. Yeah, thank you.
No other questions?
Can go ahead, please? Okay.
Members who are yet to vote are now requested to cast their votes using the e voting facility of CBSL. E voting facility will be available for 30 more minutes from the conclusion of this AGM. The results of the remote e voting and e voting during the AGM will be declared on receipt of scrutinizers report and placed on.
On company's website and send to the stock exchanges. A year by authorized Mr. CFO or mr. Prashant company secretary to receive the scrutinizer's report and place the same accordingly on the website. Now the proceedings of this AGM having been completed on behalf of the board of directors, I thank you all for your active participation in this meeting. A year by declared the proceedings of this 41st AGM as closed. Thank you very much dear members and see you again next year.
Thank you have.
Thank you.