Esconet Technologies Ltd

FROM THE DESK OF CHAIRPERSON & MANAGING DIRECTOR

Dear Stakeholders,

It is with great pleasure and a sense of accomplishment that I address you through this 12th annual report of Esconet Technologies Limited. Reflecting on the past fiscal year, I am immensely proud of the milestones we have achieved and the progress we have made in advancing our mission of innovation and excellence in the ever-evolving technology landscape. As the Chairperson of this remarkable organization, I am thrilled to share some heartfelt insights regarding our journey and our future aspirations.

First and foremost, I want to express my sincere gratitude for your continued support and trust in the company. Your commitment as stakeholders has been instrumental in our success, and I assure you that we remain fully dedicated to maximizing value for all involved.

The past year has been exceptionally momentous for Esconet Technologies Limited. Our listing on the NSE Emerge platform marked a significant milestone, one that has been met with enthusiastic response. The oversubscription of our Initial Public Offer by more than 500 times is a testament to the confidence you place in us. This year signifies a brilliant beginning to a new chapter of growth, in a field often characterized by volatility indecision, intricacy, abstruseness and complexity these achievements are indeed extraordinary.

Last one year has been very eventful for the company, wherein we got it listed on NSE Emerge platform. The listing has been very encouraging, and we got good response to our Initial Public Offer, and it was oversubscribed by more than 500 times. It continues and we are writing a new chapter of growth every year, while this year may be regarded as a marvellous start to a new journey. In a domain full of volatility, indecision, intricacy and abstruseness, these triumphs are indeed commendable.

In the coming year, we at Esconet Technologies Limited are focusing on strengthening our human resources to expand our sales and support staff, as well as enhancing our manufacturing facilities to meet increasing demand promptly.

We once again thank all the subscribers and shareholders for this overwhelming success.

At Esconet, we recognize that sustainable growth goes hand in hand with responsible corporate citizenship. We remain steadfast in our commitment to ethical business practices, environmental stewardship, and social responsibility, ensuring that our actions positively impact not just our stakeholders, but also the communities we serve.

I am pleased to report that our company has successfully navigated numerous challenges, achieving respectable growth. This progress is a direct result of the trust and support of our stakeholders, including customers, suppliers, bankers, employees, and shareholders.

As the numbers are satisfactory for the current financial year in line with our performance in the past, at the same time it gives bigger responsibility to perform equally good in the forthcoming financial years also. And we wish to ensure you that the team is ready to undertake the challenge and we expect to produce similarly impressive results in the coming years also.

Looking ahead, the road may be dotted with challenges and uncertainties, but I am confident that with our collective efforts and innovative spirit, we will continue to thrive and carve new paths of success. As we embark on this journey, I urge you, our esteemed shareholders, and partners, to join us in our quest to create value, drive positive change, and shape a better future for all.

In closing, I would like to express my deepest appreciation to our shareholders for their unwavering support and trust in Esconet Technologies Limited. Together, let us chart a course towards greater heights of achievement and prosperity.

Chairman & Managing Director