"We continue to invest in building Sustainable Telecom
Infrastructure, backed by enhanced focus on empowering our people, protecting planet and
process innovation, supported by our growing digital outreach."
DEAR SHAREHOLDERS,
I am happy to welcome you all to the 14th Annual General
Meeting of your company. On behalf of the Board of Directors of Kore Digital Limited, I
thank you and welcome for joining us today. Your presence here is a testimony to your
interest and support to the company.
Despite a challenging economy, during the financial year 2022-23, the
Company recorded satisfactory performance by achieving total Revenue of Rs 2127.45 (lakhs)
and PAT of Rs 322.18 (lakhs). The Company implemented several initiatives encompassing
cost management, supply chain optimization, smart procurement, productivity improvement
which helped in absorbing escalation in input costs, product development etc.
Your Company has maintained its leadership position in the high-end
service segment and will continues to consolidate its preferred supplier status amongst
leading end-use customers. Further, your Company remains confident of fortifying its
market standing in telecom Industry by leveraging its superior qualities, execution
excellence, investments in technology and which will gear us for getting a future ready
need of industry. Your Company is continuously focusing on improving operating
efficiencies and reducing production cost for better financial performance.
Considering company's growing market share, brand image, long
standing relationships and goodwill with its distributors, agents and customers, suppliers
and other stake holders, the business operations of the company are expected to report
better performance in the coming year.
Company's philosophy is to achieve long- term value to serve the
best interest of all stakeholder- shareholders, customers, employees, Government, and the
society.
I wish to thank my colleagues on the Board and team of Kore Digital
Limited for responding positively to an unprecedented challenge and most of all, I thank
our shareholders for the confidence and faith reposed by them in the Board and the
Management team, which has in my view geared up to take on more challenges. I can say this
with confidence that the Company will improve its performance further in the coming years.
This is however only possible through tireless efforts; dedication and commitment of our
team who have helped us reach where we are now and look forward to their continued
commitment in the journey forward.
PERFORMANCE
Total Revenue from operations for the year has been increased to Rs
2127.45 (lakhs) from Rs 1694.45 (lakhs) to the corresponding year. In the Financial Year,
2022-2023 profit after tax of Rs 322.18 (lakhs) as compared to Rs 217.97 (lakhs) for
Financial Year 2021-2022. Despite of inflation in India during the period and growing
competition in Telecom sector, we could achieve an upward movement in overall sales volume
as compared to the previous financial year, we also able to meet profit target by
implementing various business strategies. The cost of raw materials has increased over
period and we are working in best possible way to remain competitive in the market, we are
continuously making efforts to improve the operational efficiency and increase the overall
productivity.
ACKNOWLEDGEMENTS
I extend my sincere thanks for assistance, believe, confidence
cooperation and support which we have received from the customers, suppliers, bankers,
financial institutions, auditors, state and central government, regulators, advisors'
community, and society. I also acknowledge and appreciate our directors and all
stakeholders for their continuous belief and support.
WARM REGARDS
Sd/-
RAVINDRA DOSHI
MANAGING DIRECTOR AND PROMOTER
DIN: 02494055