Sahasra Electronic Solutions Ltd

I am pleased to share that we have established a dedicated Research & Development (R&D) unit with the goal of transitioning from an Original Equipment Manufacturer (OEM) to an Original Design Manufacturer (ODM).

Since its inception in February 2023, Sahasra Electronic Solutions Limited has demonstrated remarkable growth, surpassing Rs. 100 crores in revenue within just 3 financial years—primarily driven by PCB assembly exports. The fiscal year 2024-25 marked a pivotal phase for our company as we pursued several bold initiatives, including the assembly of laptops, tablets, energy meters, and camera modules. Additionally, we entered into an export agreement with a French company for laptops destined for the European market. However, due to cash flow constraints on their part, this collaboration did not yield the expected results, impacting our growth targets. Furthermore, geopolitical uncertainties and concerns over potential trade barriers contributed to a marginal decline in revenue.

Despite these temporary challenges, our company remains fundamentally strong. Our customers continue to place their trust in us, and we anticipate a substantial increase in volume orders for FY 2025-26 and beyond. To mitigate risks associated with dependence on select geographies, we have proactively explored business opportunities across high- potential international markets. Additionally, we have strategically shifted focus to emerging sectors such as renewable energy, e- mobility, IT hardware, and strategic electronics, which we believe will

One of our key strategic objectives last year was to strengthen our presence in semiconductor packaging. drive sustainable revenue growth in the years ahead.

I am pleased to share that we have established a dedicated Research & Development (R&D) unit with the goal of transitioning from an Original Equipment Manufacturer (OEM) to an Original Design Manufacturer (ODM). We have successfully developed several products for our customers and are actively working on new innovations with strong volume prospects. Earlier this year, we were honored to receive formal recognition from the Department of Science & Technology for our R&D unit—a testament to our commitment to technological excellence. As we continue to expand our team of highly skilled professionals, we are confident in our ability to develop a range of memory and storage solutions catering to both domestic and export markets.

One of our key strategic objectives last year was to strengthen our presence in semiconductor packaging. I am pleased to inform you that Sahasra Electronic Solutions Limited now holds over 72.70% shareholding in Sahasra Semiconductors Private Limited (SSPL). Since its operational launch last year, SSPL has successfully packaged memory semiconductors, QFN packages, and SOP packages, marking a significant milestone in India's semiconductor industry. SSPL is the first company in India to commence ATMP/OSAT operations for memory semiconductors and the first domestic manufacturer of LED ICs, which were previously 100% imported from China. While we have made modest beginnings in this domain, our aspirations remain high, and we aim to capture substantial market share in the coming years. Moreover, we are actively working with partners in Europe and the USA to export memory and other domestically packaged ICs to the global market.

Historically, our core focus has been Electronics Manufacturing Services (EMS) for overseas clients.

However, recognizing the immense potential of India's electronics sector, we have expanded production capacity at our new plant in Bhiwadi, Rajasthan, which became operational in January this year. As our business continues to scale, we plan to enhance this facility with additional SMT production and testing lines to cater to the domestic market.