Pune e-Stock Broking Ltd

Dear Shareholders,

I am delighted to address you today as we reflect on another transformative year for our company in the dynamic landscape of India's financial markets. FY24 has been marked by significant achievements and milestones like listing of the company on BSE SME platform on 15th March 2024, underscoring our commitment to growth, innovation, and above all, our unwavering dedication to serving your capital market needs with integrity and excellence.

Despite the challenges posed by economic challenges, war situations & volatility in the markets, I am pleased to report that PESB has delivered a robust performance across all key metrics. Our revenue grew by 90%, driven by increased trading volumes, new client acquisitions, improved client servicing & product offerings. This growth is a testament to the trust and confidence you, our shareholders, have placed in us, and I assure you that we remain steadfast in our pursuit of sustainable value creation.

In the past year, we have made substantial investments in technology and infrastructure to enhance our service offerings. Our state-of-the-art trading platforms have empowered our clients with real-time market insights and seamless execution capabilities, positioning us as a level playing company within the industry. Furthermore, our expanded research capabilities have enabled us to provide insightful market analysis and investment recommendations, ensuring that our clients are well-informed in their financial decisions.

Corporate governance continues to be at the heart of our operations, underpinned by our commitment to transparency, accountability, and ethical conduct. We have strengthened our internal controls and compliance framework to align with regulatory requirements and best practices, safeguarding the interests of all stakeholders.

Looking ahead, we are cautiously optimistic about the future prospects of the Indian economy and financial markets. As we navigate through evolving market dynamics, we remain focused on driving sustainable growth and creating long-term value for our shareholders. Our strategic initiatives for the coming year include expansion into new markets, product diversification, enhancing customer experience, etc.

Before concluding, I would like to extend my heartfelt gratitude to our dedicated employees whose hard work and commitment have been instrumental in our success. We value our people the most, they being our greatest assets. With future vision in mind, we are shaping our organization's culture in a manner, which promotes greatest employee satisfaction. I would also like to thank our esteemed clients for their continued trust and loyalty, as well as our regulatory authorities and business partners for their invaluable support.

In closing, I am confident that with our strong fundamentals, dedicated team, and strategic vision, PESB is well-positioned to capitalize on emerging opportunities and navigate through challenges, delivering sustained value and prosperity to our shareholders.

Thank you for your continued confidence in PESB- YOUR TRUST IS OUR CAPITAL.

Warm regards,