Dear Fellow Members
It gives me immense pleasure to welcome you all to the 24th Annual GeneralMeeting of your Company another eventful year has passed by and I am happy to share mythoughts with you yet again on our performance and prospects.
It was yet another difficult year for the global economy characterized by low growthand geopolitical uncertainties. In this challenging business environment your Companydelivered a resilient performance in 2016-17.
In order to strengthen its roots in the telecom sector your Company entered into amajor handset distribution partnership with the global software leader Blackberry Limitedto distribute and promote blackberry/s devices later this year the Company also succeededin bagging the exclusive licensing agreement for production of Blackberry-branded androidmobile handsets in India Sri Lanka Nepal & Bangladesh.
Further to streamline its business operations and increase operational efficiency theboard entered into a Scheme of Amalgamation with two of its wholly owned subsidiariesthereby accelerating growth expansion and development.
With new explorations and expanded vision your Company is constantly working towardsenhancing value for its shareholders hoping to do better in coming years.
Finally I would like totake this opportunity to acknowledge the dedication andcommitment of our board members employees and other associates whose commitment and hardwork helped deliver another successful year. I would also like to thank you ourShareholders for your continued support.