Dear Valued Shareholders,

Ladies and gentlemen, esteemed shareholders, board members, and honored guests,

It is with great gratitude and pride that I address you at the 33^rd  Annual General Meeting of M-Tech Innovations Limited for the Financial Year 2024-25. Your presence here today reflects your commitment and support, and I thank you for joining us for this important moment of reflection and progress.

I am pleased to share the significant achievements and milestones we have reached as a company over the past year. Despite facing numerous challenges in 2024-25, our resilience, innovation, and the dedication of our employees have allowed us to sustain our turnover.

Our relentless focus on innovation has allowed us to continually develop new products and solutions, expanding our range of offerings. However, our company is now focusing on the development of biometric cards and dynamic CVV cards to offer highly secure products. Additionally, the Automobile division is advancing in-mould technology.

The financial year 2024–25 was a challenging one, marked by reduced revenues and increased operating costs. The Company recorded a total income of ₹83.61 crores and a Profit before Tax of ₹49.74 lakhs. Key factors impacting performance included lower sales, continued investment in R&D, rising manpower costs, and forex fluctuations. Despite this, we remained profitable and resilient.

Your Board has recommended a final dividend of 5% for the year, subject to shareholder approval.

During the year, we continued to focus on innovation. We are developing new products like biometric cards, dynamic CVV cards, RFID-enabled solutions, and prepaid applications. We have successfully launched pilgrim prepaid service project at Vaishno devi Katra. A major highlight was the commissioning of a 429 kW rooftop solar plant, which now supplies nearly 30% of our energy requirements through green energy.

We deeply appreciate the steadfast support of all our stakeholders—shareholders, partners, bankers, lenders, vendors, creditors, and customers. Your confidence in us fuels our drive to surpass expectations every day. I also want to express heartfelt gratitude to our dedicated employees, whose relentless effort and commitment have played a crucial role in establishing us as a leader in the industry.

I would also like to extend my sincere thanks to the Board members for their invaluable support, guidance, and oversight. Through our collective efforts, we have cultivated a culture of strong governance throughout the organization and effectively fulfilled our responsibilities as a Board.

With the unwavering support and trust of all our stakeholders, I am dedicated to shaping a future-ready organization. Our focus will be on purposeful growth, delivering innovative products and services, and embracing technological advancements, including digitalization and automation, across all areas of our business

In closing, I take great pride in our achievements and look forward to the future with optimism. As we advance, we will remain committed to pursuing excellence, enhancing customer satisfaction, fostering sustainable growth, and delivering value to our shareholders. Let us move forward together on this path to a prosperous future.

Thanking You.    

Warms Regards,

Vijay M. Gandhi

Chairman & Managing Director