On behalf of the Board of Cybermate Infotek Limited I thank each of our stakeholdersfor having reposed confidence on the management of the Company through thick andthin journey during the financial year 2016-17. Your faith and trust in the Companyhas given a scope for the Directors to put in their best abilities and steer the Companythrough better decisions.
FY2016-17 witnessed many disruptions in business across the globe due to protectioniststance in developed countries geo political instability continued weakening of commodityprices currency fluctuations and recession in certain large market economies therebycausing a general down trend in overall business scenario. Further Indian business haswitnessed several upheavals during the last fiscal including a massive first of its kinddemonetization there by triggering a paradigm shift to Digital economy. However yourcompany had an exciting and growth oriented financial year as we could achieve close to400% increase in revenue from operations compared to the last year. Your company iscontinuously working on the motto "Rebuild Reform & Reinvent" to meet thenew business challenges in the evolving Digital world economy.
I assure all the stakeholders that your Company has always laid emphasis on honoringits statutory obligations and has followed all procedures both statutory and mandatory innature.
The Board of your company looks forward for your support in the coming years to enableus steer the company to the next level thereby making our relationship rewarding.
With warm regards & best wishes
Chairman and Managing Director