Smartlink Holdings Ltd

It's with immense pride and great pleasure that I present to you the Annual Report of your company for the year ended March 31,2025.

The past year continued to present a dynamic global landscape. While geopolitical tensions persisted in certain regions, we've seen a gradual stabilization, allowing for renewed focus on economic recovery and growth initiatives worldwide.

The networking industry remains exceptionally well-positioned to capitalize on this ongoing upcycle, fuelled by significant investments in cloud infrastructure, advanced cybersecurity solutions, and transformative emerging technologies like generative AI and the continued rollout of 5G.

Largely due to the new Government policy on local manufacturing, India's electronic industry is on a growth path, while in China this began four decades ago. Although the country faced economic challenges at that time, strong government support played a crucial role in transforming it into the world's leading supplier. Today, the Indian Government is actively encouraging local manufacturing, and we have strengthened our commitment by putting more effort into local manufacturing. We have also resumed our software and hardware R&D operations in Bengaluru after a gap of 15 years.

Smartlink Holdings Ltd. achieved another steady year. Our Standalone Revenue from Operations for the year ended 31st March 2025 stood at INR 9,696.51 lakhs, a commendable increase of 9.62% from INR 8,845.45 lakhs in the previous financial year. The Standalone Profit After Tax for the year was INR 253.68 lakhs as against INR 730.51 lakhs in the previous year.

On a Consolidated basis, our Revenue from Operations increased by 8.25% to INR 21,452.63 lakhs from INR 19,817.24 lakhs in the previous year. On a Consolidated basis, Profit After Tax for the year was INR 660.51 lakhs as against INR 705.95 lakhs in the previous year.

SMARTLINK, in collaboration with an international brand in networking products, established a manufacturing Company in Goa in 1993, at a time when the Government of Goa was actively promoting the electronics industry.

Over the past 30+ years, we had formed joint ventures with international brands for the manufacturing of networking products and motherboards. In addition, we had engaged in collaboration ventures for ODM products, namely ATM machines, industrial engineering products, and structured cabling systems.

However, due to evolving government policies, many companies began relying heavily on duty-free imports of finished products. We too have adapted to these changes over time. Today, with extensive experience, a high- capacity manufacturing base and a software R&D centre in Electronic City, Bengaluru, SMARTLINK HOLDINGS Ltd has emerged as a prominent ODM/EMS provider for a wide range of products.

Smartlink Holdings Ltd. which previously operated as an NBFC with strategic investments is now a full-fledged ODM (Original Design Manufacturer) having its own R&D operations in Bengaluru.

DIGISOL is an independent sales, marketing, and support company with a strong nationwide presence. It sources products directly from other vendors or through Smartlink, which manufactures as per specifications.

DIGISOL continues to invest in brand-building through focused marketing, loyalty programs and market-aligned training. We are confident in its ongoing growth as a leading brand in the Indian networking industry.

I wish to once again place on record my sincere appreciation for the Government's proactive initiatives in promoting local manufacturing through Production Linked Incentive (PLI) scheme and by mandating public sector companies to prioritize ‘Made in India' products. These policies are instrumental in fostering a self-reliant and competitive domestic industry.

In conclusion, I express my sincere gratitude to the members of the board, government officials, partners, associates, customers, employees, and shareholders for their continued support in building a thriving future. We remain steadfast in our commitment to building a brighter and more prosperous tomorrow for all our stakeholders.

Thanking you,

Yours sincerely,

Executive Chairman