Qgo Finance Ltd

Dear Shareholders,

I am delighted to present our 30th Annual Report for Financial Year 2022-23. We have in the past year,provided the best in class assistance and services to our clients, despite the turbulent times witnessed by our sector. We are alive to the flux in the geo-political environment and its consequential impact on our economy, but we continue to stay proactive in all aspects of our working. Your company has ensured good governance, stable and unimpaired decision making, ensured team resilience, preserved business continuity and reinforced customer-centric business., Your company has invested in diversity and inclusivity to meet customer, shareholder and employee aspirations by delivering exemplary performance.

As per the latest projections by the International Monetary Fund (IMF), India's growth is projected to be 6.1 per cent, which is up by 0.2 percentage points since their previous forecast. The report attributed this growth to "momentum from stronger-than-expected growth in the fourth quarter of 2022 as a result of stronger domestic investment. Additionally, the WEO also noted that much of the global growth this year will be contributed by EMDEs like India and China.

Financial Services as an Industry, specifically the NBFC sector has established its vital place in the Indian economy. This was clearly enunciated by the Honourable Finance Minister while presenting the first Budget of Amrit Kaal this year, as an element of the Saptarishi. These are the seven guiding principles, of which one is the Financial Sector. I firmly believe that not only in the near term, but also the medium to long term outlook for the Indian economy will continue to grow from strength to strength..

Through this period we have ensured the wellbeing of our staff and supported our customers. The collaborative culture that we practice and our long-standing relationship with our partners has successfully created value for all our stakeholders.

Total Revenue for the year ended March 31, 2023 was Rs. 11,56,69,275/- as against Rs. 8,38,46,476 for the previous year 2022-23. We set a new benchmark with PAT of Rs. 1,75,98,980/- for the year ended March 31, 2023 as against Rs. 93,26,146 for the previous year, registering a healthy growth. We also made excellent progress in all of our key criteria and continued to strengthen our Balance Sheet.

As we step into the future, the role played by the Government of India and the Reserve Bank of India (RBI) will continue to be crucial. RBI's role in efficiently managing inflation has helped build resilience and stability in the economy.

Nevertheless, our firm belief in India's growth story remains undiminished and enduring as we persevere and continue to build our experience, to be a responsible and trusted partner to contribute in fulfilment of aspirations of the people of our country.

Qgo Finance Limited will continue to align itself with its principle of "Excellence, Empathy, Hard Work, Prudence and Persistence" thus enforcing the foundation of the Company which made it stand strong and flourish even in difficult times.

I take this opportunity to thank every stakeholder, from the employees and management to our business channel partners and shareholders, for their continued support and I am confident that your trust and co-operation will continue to inspire us to scale new horizons in our quest to raise the bar of performance while remaining rooted in the legacy of our Indian ethos.

May we do better as a nation in the future than as in the past. Yours sincerely,

Dear Shareholders,

It gives me immense joy to address you after another eventful year of progress, transition and transformation. To begin with, we acted with speed but also exercised caution at every step. The business of financial services is invariably about the ability to inspire faith, which lies beyond merely being a provider of services. We have been able to do so by nurturing a long-term association with our stakeholders by ensuring that we are accessible and available during their hour of need.

Our customer centric approach reflects the strongest in the way we engage with our customers ensuring maximum flexibility and comfort. Since we operate in a highly dynamic industry our only major differentiator is our customer experience, all other aspects being fairly comparative.

The results are overjoying as we remain steadfast in our resolve to accelerate our efforts in this direction of excellence. The Company's profit after taxes around 47% and revenue by 27.51% grew over the previous financial year. We managed to steer stable business growth with a clear vision and our proactive approach to difficult circumstances backed by a solid foundation, made us stronger.

We have been equally proactive with respect to the contingencies that may arise during our journey towards sustainable long term growth. Since the beginning of our journey, our clarity of purpose has reflected not just in our strategy but also our day to day activities. We have grown our business by being transparent in our disclosures as well as in our engagement with our stakeholders.

We, at Qgo Finance Limited, offer challenging work with a smart, flexible, open and diverse learning environment. We understand the importance of work-life balance with a culture based on teamwork, accountability and continuous improvement where employees feel empowered, recognized, cared for and their achievements celebrated.

We believe that Change is inevitable, change exists as it not only empowers humanity but also enables the people to thrive in novelty. Similarly, our industry also witnessed a wave of changes considering the post pandemic economic

growth of our Country. New operating models around the customers are taking shape and processes are evolving to keep governance in focus. While strengthening our balance sheet and risk management, we are also building a future ready workforce.

The Government's pledge to promote the ease of doing business and faster implementation of large projects have helped India to have a fundamentally sound growth story. Current global transition provides a huge opportunity as we believe that when it comes to making an impact, actions matter.

Looking ahead, I am more confident that Qgo Finance Limited will continue to deliver all its stated commitments during the next phase of our growth as we shift gears towards flawless execution to realize our aspirations.

On a positive note, I would like to take this opportunity to thank every stakeholder and request your continued faith and confidence in us since I am confident in staying on course with our long-term sustainable growth plans.

Warm regards,