Dear FSPL Family

We are happy to complete 13 years since inception and 1 year since listing on the BSESME exchange. FY 2018- 2019 was overall a very interesting year but our experience of adecade and half has shown us many such years As the Indian economy's unemployment ratecreeps up (7.6% in May '19) an ongoing issue continues to be the low quality ofemployment that manifests itself in high attrition rates in the labour market and afalling labour force participation rate. Gig economy jobs available via FSPL and ourindustry are a growing and disruptive force in the current urban labour market and canpotentially provide high earning opportunities to disadvantaged urban households. TheStandalone financial highlights of your company are as follows: -

We would like to acknowledge our team for their efforts in ensuring that ‘value'has been delivered to all our stakeholders throughout. We have experienced some teammembers moving on and we continue to wish them the best and will always be there for them.We welcome the new members and will ensure that the development is mutual.

We would like to thank our investors who have always been patient and provide guidanceconstantly on various aspects of our business and organization.

BIMSTEC is a real and live opportunity and we would like to acknowledge the same. TheBay Bengal initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) isan international organization of seven nations of South Asia and South East Asia housing1.5 billion people and having a combined GDP of USD 3.5 trillion (2018). The BIMSTECmember states are Bangladesh India Myanmar Sri Lanka Thailand Nepal and Bhutan thecountries dependent on the Bay of Bengal. Fourteen priority sectors of cooperation havebeen identified.

There are a lot of companies and brands looking to exploit the above opportunity andthus the fieldwork requirement potential is quite high in this region.

Technology and Digitization affects all aspects of life and the same is the case withFieldwork as well. FSPL's capability for adaptability and years of experience withtechnology innovations keeps us poised for greater success. We will continue to seek thesupport of all our stakeholders through our journey.