JCT Ltd

- Napoleon Bonaparte

The past year and a half have been a quite challenging time for the global economy. Virtually every company in every industry was affected in one way or another, and some have been drastically altered. Obviously, Micro Technologies was also not immune to the adverse effects of the global economic downturn and we too bore the brunt, albeit quite stoically. As our fundamentals are always strong, we were able to withstand the pulls, pressures and predicaments of this horrendous fiscal tsunami.

Despite all the inclement conditions, your company had made several deep inroads and impressive achievements. Let me share some of the major achievements of your company with you:

Micro Technologies won prestigious contracts for 'Aadhhar' and 'Safe City' Projects, got empanelled with Navaratna PSUs & Public Sector Banks for providing security solutions, received ISO 14001:2004 Certification and , Capability Maturity Model Integration (CMMIR) recognition from the Software Engineering Institute (SEI) of the prestigious Carnegie Mellon University in Pittsburgh, Pennsylvania, USA. This recognition is a tribute to Micro Tech's all-round best practices.

Our R & D Unit got the recognition from the Department of Scientific & Industrial Research (DSIR), Ministry of Science & Technology, and Government of India. It is among the very few R&D Units in the country to get such recognition.

We have recently formed a joint venture with the Aakash Universal Limited, the flagship company of the Aakash Group to promote our 'Micro ATM Black Box' ( 'Micro ABB') in the banking sector through our subsidiary Micro Secure Solutions Limited (MSSL)

I have been impressed with the breadth and quality of our product portfolio, and the commitment and talent of our people. These are significant competitive advantages that position us to lead the industry and win in the marketplace.

Product launches

To every problem that confronts our society, we came out with an effective solution. Micro Technologies had launched four major security products namely 'Micro Eye,' 'Micro Rise Up', 'Micro Sales Force Management System' and 'Micro Portable Black Box' to meet the growing demands in these respective segments.

Micro Technologies has also received some prestigious awards and made significant achievements. That is why, despite the current turbulent economic climate, I am optimistic about Micro Technologies' prospects to lead the era in the security domain. I see underneath the surface turmoil, this moment presents a rich and transformational opportunity to all of us.

Acknowledgments

I would like to express my sincere thanks to our Founder Chairman Dr. P Sekhar [Currently Chairman Emeritus] for his outstanding helmsman ship during his time with the Company.

I would like to extend my heartfelt thanks to my Board of Directors and the Managing Committee for their continued wise stewardship and strategic guidance. I thank the Management for its steadfast commitment.

I want to thank all our employees for their hard work and dedication throughout fiscal 2012-13 which enabled us to navigate a tough and challenging environment. And my immense thanks to our customers, partners and all our stakeholders for their continued cooperation and support.

And finally, please remember that tough times never last, but tough people do. Micro Technologies is made of not only talented people but also tough people. And together with such people, we will achieve great success in the coming year.

Lastly as late Dr. Martin Luther King Jr said that we must accept finite disappointment, but never lose infinite hope. The greater the difficulty, the more glory in surmounting it. Skillful pilots gain their reputation from storms and tempests. We too will outlast the current storm and emerge triumphantly soon.

Best Regards,

Aditya Sekhar

Chairman & Managing Director