Proceedings.
Start a webcasting also. Yeah, sure.
Yeah, like on the.
Okay.
10 9, 8, 7.
6, 5, 4, 3.
21, please go ahead.
Morning as the chairman of your company at the privilege in sharing this and and your general meeting.
On behalf of the board of directors of the company extend a very warm welcome to all of you to this 39 and your general meeting, and the 4th AGM of your company being held through video confidence, the ministry of corporate affairs, and say we have committed the companies to hold the annual general meeting through video conferencing and other audio visual.
Still 31st, December 2023 accordingly. The 39 AGM of your company is being held through video conferencing.
I call the meeting to order as we have the requisite quorum to conduct the proceedings of this meeting.
Participation of members through is being recorded for the purpose of column as for the circulars issued by NCA as per section. 103 of the companies at 2013. this meeting is being held through BC in the accordance with the circular issued by the.
Dispensed with the requirement of dispatching the physical copies of notice and annual report 202,223 for this.
Hence notice of this meeting along with the annual report has been sent out electronically to all the members entitled to receive the same.
Hi, therefore, ladies and gentleman 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.
Mr. make a dish independent director chairman of the audit committee of the company participating from Bangalore.
Is that better?
Executive director of the company participating from Bangalore. Good morning. This is independent director of the company participating from.
Name.
We are independent director, chairman of the nomination, and recommendation committee of the company participating from.
This is Nicola independent director of the company participating from Bangalore.
What's up?
The whole of the company participating from Bangalore.
Mr. President the CS chief operating officer of the company participating from that.
Good morning. Mr.
Patient group company, secretary and compliance officer of the company participating from Bangalore.
I have.
They acknowledge the participation of Mr. representing and company charter conference statutory auditors participating from backlog and Mr. veejay Krishna Katie secretarial auditor participating from Bangalore.
As the notice is already circulated to all the members I take the notice of the meeting as read.
I'm sure that all of you have received the annual report and then you have studied the same.
I now request Mr. the company secretary to provide general instructions to the members regarding the participation in this meeting.
Good morning team members, the company has enabled the members to participate at the 39th annual general meeting.
The video conferencing facility provided by CD is in compliance with the applicable surplus issued by the ministry of corporate office, sends the V.
Numbers have been provided with the facility to exercise their right to.
By electronic things, uh, both through reporting and reporting at the AGM in accordance with the provisions.
The company side, unless the, the regulations, the members, joining the meeting to see.
Who have not already cast their role by means of remote you already may cast.
What to facility provided by.
The company has appointed Mr. widget Krishna Katie practicing separately as the.
Who will collect the voting results of the remote voting and the voting and the but.
Each of the items as for the notice members are requested to refer to additional information provided in the notes to notice.
There is a strong characters key manager person, the register of contracts or arrangements have been made available electronically for inspection.
By the numbers during the AGM remember seeing that seeking to inspect such documents can send the request to dot com.
As the agent is being held to, we see the facility for appointment of proxy by the members was not applicable.
And hence the proxy resistance for inspection is not available.
The company has requested members to register as speakers during the annual meeting, in case of any queries.
Thank you very much and I hand out, uh, to segment to continue with the proceedings. Thank you.
By giving a dish, the company has taken all the efforts feasible under the circumstances to enable the members to participate and vote on the items being considered at the meeting.
Your shareholders today, as we participate in this 39th annual general meeting of tech, I normally welcome each 1 of you. It is always a pleasure to connect with all of you and although virtual it is a privilege to be with you today on behalf of the board of directors. I, thank you for making time to join us your.
Over the last 3 decades have given us the confidence to push ourselves past challenges and complexities and deliver consistent value for you year after a year.
Let me begin by giving you updates regarding our continued progress, and the efforts on existing business segments with the focus on ensuring growth in each of the segments.
Solutions the solutions business is being pursued as a key group vertical.
During the financial year, 2223, the company successfully executed the project with, for implementation of multi protocol label, switching, managed network services. 251 sites were commissioned in a timely manner as per the work order, cooking, coal, limited a subsidiary or coal India limit.
Your company now has a proven track record system, integration and Turkey, network projects, implementation, and is required in the market as a strong company in this segment.
With proven experience, professional and knowledgeable solutions team good financial strength and a wide product stack to support.
We are now able to competitively participate in most mid sized vendors in the network domain.
We look at this year as 1, where we will be pitching hard and participating in all viable vendors, the turn of the company for the year 2223 has increased to rupees. 12.11 grows from rupees 7.13 growth during the previous year 2122 under the solution segment. The net solution segment.
During the year 2223 is increased to rupees 5.63 cross from 2.07 rows during the corresponding previous year. 2122.
Your company is now managing operating maintaining 4 major projects across the country, which is insured the raw, robust, regular cash flow.
Ems, the revenue from operations from VMs business got decreased 2 rupees 242.11 legs during the financial year 202,223 as against.
1315.38 legs for the previous financial year. 2122 you do acute shortage and disruption in the supply chain of electronic.
Components the management decided to slow down this segment in the situation improves from supply chain perspectives. I must admit that this was purely due to reasons beyond that control for your company's management.
Products the product vertical for the last few years has been focused on introducing new products and expanding on the product tech based on technology and market demand, and also ensure that necessary standards. And compliances are being meant.
In keeping with the government initiatives on Monday, Barbara, your company remains focused on high local content, led development and upgrade on products.
As we did research and informed in our last AGM, your company indicated new and improved products, and they're switching and routing and these products are today listed on the DoD trusted portal as trusted products tech as a company is listed on the DoD portal as a trusted source of supply for telecom and network products.
As a result we have, we made significant market in roads and our switches and routers are today. We supplied to Taiwan, ISPs and broadband companies in the country.
These products have also cleared stringent railway standards and are being supplied to the railways for various surveillance and signaling applications.
On the product development front, the road map includes 4,200 g switches and unmanaged switches. The development team is also working on introducing network security products, like unified threat manager with the increase, our tech vectors seen in the enterprise and so home networks, the need to secure the networks.
Much greater now, network security has a good technology and business overlap with our core product line and we see it as a good market diversification prospect.
The products do you showed a very robust growth of close to 50% last year with our professional to develop products and buckled by a constant persevering marketing and sales team we are confident of delivering view further growth in the future.
Performance the turnover of the company under the segments product is increased during the year from 1049.22 legs, financial year 2122 to rupees.
1947.39 legs financial year 2223.
The segment result from the segment before allocation of plant in corporate office expenditure is 482.87 legs during the year 202,223 as compared to corresponding figures of 202,122 segment result of 213.58 legs.
Real estate, we're excited to share with you a significant development in a real estate sector portfolio. Perhaps all of you are aware of the youngest benefits of the location of the asset bank on the highway to the airport at backlog. Most enviable 1, a new building comprises to be a game changer for our investment economy strategy.
We are confident in stating that this property possesses immense growth potential and is poised to use substantial and stable rental income from the years to come.
Going forward, your company stands on his promise to deliver despite the various challenges and instabilities seen in the core business we displayed astute business strategy by way of diversification in 2 turnkey projects and the proof is seen in higher revenue and growth.
For over 39 years, now, tech has earned the trust of the nation by building progress with responsibility.
We continue this legacy and a unrelenting focus on customers is a particular source of right?
To support that growth strategy, we have fostered a culture that focuses on achieving the highest levels of performance. I'm inspired by the passion that our employees bring to meet customer needs easily led by the CEO. Mr.
I'm grateful to my colleagues on board for the continued guidance and support looking ahead. I'm fully confident that we have the right strategy and the right talent to advance our leadership in the network EMS and solutions business sectors 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 and record, it's appreciation for the sake.
We will now resume with the proceedings as there are no qualifications observations or comments in the independent auditor report is standalone and consolidated financial statements and in the secretary audit report with the consent of the shareholders. We may take the independent auditor report and secretary auditors report is ready.
The board of directors has appointed Mr. veejay Krishna, Katie, practicing company secretary as the to supervise the 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 March 31st 2023. the statement of profit and loss for the financial year ended hours on that date and the cash flow statement together.
With the reports of the board of directors and the statutory auditors they're on.
To receive consider and adopt the audited consolidated financial statements of the company for the financial year ended 31st, March 2023 together with the report of the auditors. Their own.
To re, Mr. Smith procedure holding then double 0107068directorwhoretiresby rotation and being eligible offers himself for the appointment.
Special business to approve and authorize the board of directors to obtain loans of borrow funds up to an aggregate amount of rupees, 130 roles.
If any member desire to ask 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 the questions brief and specific. The moderator are representative from cdsl will facilitate questions on the video feature.
Members may also note 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 the name and their Folio ID, or client ID before asking the questions 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 furnished replies, explanations and observations to the members. I should now request the moderator to give his general instructions to the members who are present and who wish to seek clarifications 1 by 1.
Uh, thank you, sir. Uh, now we have a 1st speaker shareholder. Uh.
Can you please mute yourself?
Do you go ahead? Hello?
Yes, sir, you are already, but please go ahead.
Hello? Hello? Is it is it that I am, uh, being heard there?
Thank you thank you.
The number star and, uh, good, good, good morning to everyone here.
And, uh, uh, I am very proud to be a shareholder of, uh.
I know that company is really gearing up very well.
To, uh, meet the challenges on, uh, so many fronts.
So, now, firstly, my compliments and my appreciation for the management and, uh, uh, board of directors and are.
For getting out, uh, uh, a very good performance in this year, much better than last year.
Now, sir, I have 1 thing, which is emerging from your talk, is that said, you said that, you know, our real estate business will have very great value. So, can you kindly explain that? Is it that a lot of appreciation in the price of the property that will lead us to get.
Some big amount for the company, or the rental income's only will go up. So have we led entire building whatever was available with us, or yet to be late. Uh, so these are my questions, sir, if you can elaborate on it and EMS business is also being talked about everywhere these days.
So, how much prospects we are seeing from our EMS business uh, thank you very much. Uh, thank you for the opportunity given.
And thank you for cooperation of the secretary department. Thank you.
Over from my side.
Uh, next to speak shareholder, the PR side, he's not present in the meeting so we'll go with the next speaker shareholder.
Uh, which will not delete I'll just request you to unmute yourself.
The Mr. can you unmute yourself?
Mr. can you unmute yourself? Uh, sir, I think is not unmuting himself. So we'll go for next speaker shareholder.
Mr. and the, he's not present in the meeting so.
Once again, we'll just try with the delay. Can you unmute yourself?
I think he has can let it pass. If there's any queries, he can send an email. We can reply.
Okay, then you can go ahead for this. Sir, thank you. Sir.
Thank you for your question and greetings. Mr.
It appears that the question you may have asked has already been addressed with the chairman's piece, but I will recreate the points again.
In a product segment, our development team is actively working on the introduction of network security products.
Such as the unified manager in the solution segments, we are actively pursuing new vendors and opportunities for the moment. The real estate sector we anticipate the substantial increase in stable rental income and to undertake new projects because of the strength of that rental income.
I hope that is enough clarification.
Thank you if there are no further questions.
And then proceed further. Yes, please. Yes please.
And those who are yet to vote are now requested to cast their votes using the voting facility of cdsl.
Rebooting facility will be available for 30 more minutes from the conclusion of this.
The results of the remote voting and voting during the AGM will be declared on scrutinises report and placed on company's website and send to stock exchanges.
A year by authorized Mister CFO or Mr. secretary to receive this organizers 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 declare the proceedings of this 39, 8 GMS closed.
Thank you very much for your members and see you next year.
You everybody, thank you, sir.
Thank you.
You Thank you, thank you.
Okay.
Good.