D-Link India Ltd

Esteemed Shareholders, Colleagues, and Partners,

with a sense of measured reflection that I present the It is Annual Report for D-Link (India) Limited for the fiscal year 2024-25. This past year has been characterized by a dynamic interplay of global shifts and robust domestic momentum, each presenting both opportunities and complexities.

The global economic landscape in 2024-25 has continued to evolve amidst persistent geopolitical uncertainties and fluctuating macroeconomic indicators. While certain regions have demonstrated resilience, the overall growth trajectory remains moderate, influenced by ongoing inflationary pressures and evolving trade dynamics. The technology sector, despite these headwinds, has shown a degree of stability, with projections indicating a steady, albeit cautious, growth in global IT spending. This environment necessitates a prudent approach, emphasizing operational efficiency, supply chain resilience, and adaptable strategies to mitigate external volatilities. We have keenly observed the increasing focus on cybersecurity globally, as sophisticated threats continue to emerge, underscoring the critical importance of secure networking infrastructure.

In stark contrast to some global trends, India has continued its impressive growth trajectory, cementing its position as one of the fastest-growing major economies. The fiscal year 2024-25 has seen India's GDP growth remain robust, driven by strong domestic demand, government-led infrastructure development, and a burgeoning digital economy. The "Digital India" initiative continues to be a transformative force, with significant advancements in digital public infrastructure, including the widespread adoption of the Uni_ed Payments Interface (UPI) and Aadhaar. This digital momentum is not merely con_ned to urban centers; it is steadily permeating into Tier 2 and Tier 3 cities and rural areas, creating an expansive market for digital connectivity and services. The government's increased emphasis and allocation towards Artificial Intelligence (AI) and further digital transformation initiatives signal a clear national commitment to technological advancement and inclusive growth. For D-Link India, this vibrant domestic landscape represents a foundational opportunity, as the demand for reliable and advanced networking solutions continues to escalate across all sectors.

The networking industry is at the cusp of significant technological shifts, driven by the relentless pursuit of faster, more secure, and more intelligent connectivity. We are closely monitoring the maturation and adoption of next-generation technologies: O High Speed Wi-FI: The advent of high speed Wi-Fi promises substantial improvements in speed, capacity, and efficiency, particularly crucial for high-density environments and bandwidth-intensive applications. We are strategically positioning our product portfolio to align with this evolution.

O 5G and Private 5G Networks: The ongoing rollout of 5G infrastructure, coupled with the increasing interest in private 5G networks for enterprises, is opening new avenues for ultra-reliable, low-latency connectivity, vital for IoT deployments, industrial automation, and real-time applications.

O AI-Powered Networking: The integration of Artificial Intelligence and Machine Learning into network management is transforming operational paradigms. AI-driven automation, predictive maintenance, and intelligent network optimization are becoming imperative for enhancing performance and reducing downtime.

O IoT: As the proliferation of IoT devices continues, the trend necessitates robust edge networking solutions to ensure real-time analytics and efficient data flow.

O Cybersecurity: With the increasing sophistication of cyber threats and the expanding attack surface due to interconnected devices, robust cybersecurity solutions, are no longer an option but a critical necessity.

D-Link India remains committed to investing in research and development to ensure our offerings are at the forefront of these technological advancements, providing our customers with cutting-edge, secure, and high-performance networking solutions.

Looking ahead to the next fiscal year, D-Link India will continue to operate with a conservative yet progressive mindset. Our strategy is firmly anchored on several key pillars:

O Innovation and Product Leadership: We will continue to enhance our product portfolio, incorporating the latest technologies, advanced cybersecurity features, and AI-driven capabilities, to meet the evolving demands of both consumer and enterprise segments.

O Market Expansion: We aim to further penetrate the burgeoning Indian market, particularly focusing on expanding our reach into underserved regions and capitalizing on the increasing digital adoption across various industries.

O Customer Centricity: Our commitment to providing exceptional customer service and support remains unwavering. We believe that strong customer relationships are the bedrock of sustainable growth.

O Operational Excellence: We will continue to optimize our operational efficiencies, strengthen our supply chain, and manage our resources prudently to navigate potential economic fluctuations.

O Talent Development: Investing in our human capital remains a priority, fostering a culture of continuous learning and innovation to equip our team for future challenges.

While the global economic outlook presents its share of complexities, India's digital growth story provides a strong foundation for optimism. We are confident in our strategic direction and our ability to adapt to the evolving market dynamics.

We extend our sincere gratitude to our shareholders for their continued trust, our dedicated employees for their unwavering commitment, and our partners for their invaluable collaboration. Together, we look forward to building a connected and secure future.

Warm regards,

Sincerely,

Chairman