Kore Digital Ltd

"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 15th 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.

As we reflect on the past year, I am pleased to report that our company has continued to demonstrate resilience, innovation, and growth in an ever-changing market landscape. Despite the challenges posed by global economic uncertainties and rapid industry changes, we have successfully navigated these complexities to deliver strong financial results and strategic progress.

Performance and Achievements

This year has been marked by significant milestones. We have seen robust growth in our key business areas, driven by our commitment to innovation and operational excellence. Our focus on enhancing customer experience, expanding our market presence, and investing in cutting-edge technologies has paid off, as reflected in our improved financial performance.

Total Revenue from operations for the year has been increased to Rs 10508.04 (lakhs) from Rs 2127.45 (lakhs) to the corresponding year. In the Financial Year, 2023-24 profit after tax of Rs 1149.29 (lakhs) as compared to Rs 322.18 (lakhs) for Financial Year 2022-23.

A 400% increase in revenues and 250% plus growth in profitability are remarkable achievements by our Company. Our strategic positioning and dedication to meeting the communication needs of Maharashtra have paid off tremendously. Securing prestigious contracts and expanding infrastructure further underscore our commitment to growth and excellence.

Your Company is engaged with a prestigious clientele including Vodafone Idea Ltd, Bharti Airtel Limited, Reliance Jio, and Tata Teleservices, Kore Digital continues to play a pivotal role in shaping the telecommunications landscape in the region.

Strategic Vision

Our long-term strategy remains centered on sustainable growth, diversification, and value creation for our shareholders. We have made substantial progress in our strategic initiatives, including the expansion into new markets, and the strengthening of our operational capabilities. These efforts are designed to ensure that we remain competitive and well-positioned to capitalize on emerging opportunities.

Sustainability and Responsibility

As part of our commitment to corporate responsibility, we have continued to prioritize sustainability in our operations. This year, we have made significant strides in reducing our environmental impact, enhancing our social responsibility programs, and improving governance practices. We believe that these initiatives not only contribute to the betterment of society but also create long-term value for our shareholders.

Looking Ahead

The year ahead presents both opportunities and challenges. We are confident in our ability to navigate the evolving landscape and deliver sustainable growth. Our strategic priorities for the coming year include further enhancing our customer experience, accelerating our digital transformation, and exploring new avenues for growth

Acknowledgements

I would like to extend my deepest gratitude to our employees, whose dedication and hard work have been instrumental in our success. I also want to thank our management team for their leadership and our Board of Directors for their guidance and support. Finally, I express my sincere appreciation to our shareholders for their continued trust and confidence in our company.

Together, we will continue to build on our strong foundation and work towards achieving our long-term goals.