Optiemus Infracom Ltd Management Discussions

ECONOMIC OVERVIEW Global Economy

The global economy in 2024 demonstrated cautious stability, characterized by modest but consistent growth. Global growth is projected at 3.3% both in 2025 and 2026, below the historical (200019) average of 3.7%. Developed economies are expected to witness a marginal improvement in growth, increasing from 1.6% in 2023 to 1.7% and 1.8% in 2024 and 2025, respectively. Advanced economies are expected to achieve their inflation targets more swiftly compared to emerging markets and developing economies.

F.Y. 202425 commenced against the backdrop of a global economy demonstrating notable resilience in the face of persistent headwinds. While the world continued to manage the aftermath of the COVID19 pandemic and navigate complex geopolitical tensionsincluding the Russia Ukraine war and the Israel Gaza conflictthe broader macroeconomic landscape showed signs of stability and gradual recovery. Inflationary pressures have continued to ease across most regions, with global inflation expected to moderate from 6.8% in 2023 to 5.9% in 2024, and further to 4.5% in 2025. Global headline inflation is expected to decline to 4.2% in 2025 and to 3.5% in 2026, advanced economies are on track to return to their targeted inflation levels sooner than developing counterparts, supported by improved supply chain efficiencies and prudent monetary tightening by central banks.

However, the global outlook remains vulnerable to downside risks. Rising geopolitical frictions, uncertain trade policies, and protectionist tendencies continue to weigh on investor sentiment and may hamper tradeled growth. As Government realign policy priorities amid heightened uncertainty, global growth, while stabilizing, is expected to remain subdued relative to historical benchmarks.

Indian Economy

India is poised to lead the global economy once again, with the International Monetary Fund (IMF) projecting it to remain the fastest growing major economy over the next two years. India is projected to remain the fastestgrowinglargeeconomyfor2025and2026,reaffirmingits dominance in the global economic landscape. According to the IMFs World Economic Outlook, Indias economy is expected to grow by 6.2% in 2025 and 6.3% in 2026, maintaining a solid lead over global and regional peers. In contrast, the IMF projects global economic growth to be much lower, at 2.8% in 2025 and 3.0% in 2026, highlighting Indias exceptional outperformance.

Indian economy continues to be the fastestgrowing large economy, though the pace of growth has slightly moderated for F.Y. 202425. According to the Government estimates, the economy grew 6.5% in F.Y. 202425, compared to 9.2% growth in F.Y. 202324. 9.4% growth in the construction sector and 7.2% growth in the services sector have been the main contributors to GDP growth in F.Y. 202425.

According to the Reserve Bank of India (RBI), CPI inflation is forecasted to decline further to 4% in F.Y. 202526. However, continued uncertainty in global financial markets, coupled with volatility in energy prices and adverse weather events, presents upside risks to the inflation trajectory. Considering has stayed within the comfort band of RBI, the bank reduced REPO rate by 25 bps in February 2025 for the first time in five years and by a further 25 bps in April 2025 monetary policy. Additionally, in June 2025,

RBI again cut down the REPO rate for the third time by another 50 bps, taking the effective REPO rate to 5.5%. RBI projects the Indian economy to grow at 6.7% for F.Y. 202526. This growth will be achieved on the back of improvements in the manufacturing sector and government impetus to growth through the budget like reduction in direct taxes and investments in infrastructure.

Indias economic outlook for 2025 and 2026 remains one of the brightest among major global economies, as highlighted by the IMF. Despite global uncertainties and downward revisions in growth forecasts for other large economies, India is set to maintain its leadership in global economic growth. Supported by strong fundamentals and strategic government initiatives, the country is wellpositioned to navigate the challenges ahead. With reforms in infrastructure, innovation and financial inclusion, India continues to enhance its role as a key driver of global economic activity. The IMFs projections reaffirm Indias resilience, further solidifying its importance in shaping the global economic future.

INDUSTRY OVERVIEW

Telecommunication and Allied Products

India is the worlds secondlargest telecommunications market. The total subscriber base, wireless subscriptions as well as wired broadband subscriptions have grown consistently. The Indian mobile economy is growing rapidly and will contribute to Indias Gross Domestic Product (GDP) according to a report prepared by GSM Association (GSMA) in collaboration with Boston Consulting Group (BCG). India is already the worlds secondlargest telecommunications market, with a subscriber base of 1.16 to

1.20 billion. This growth is fuelled by government policies, strong consumer demand and the liberalization of the sector, including Foreign Direct Investment (FDI). Indias digital economy is set to reach 20% of national income by 202930, driven by IT, telecom and electronics manufacturing, with a 13.42% share expected in F.Y. 2025.

Over the next five years, rise in mobilephone penetration and decline in data costs will add 500 million new internet users in India, creating opportunities for new business.

The liberal and reformist policies of the Government of India have been instrumental along with strong consumer demand in the rapid growth of the Indian telecom sector. The Government has enabled easy market access to telecom equipment, a fair and proactive regulatory framework, that has ensured the availability of telecom services to consumers at affordable prices. The deregulation of FDI norms have made the sector one of the fastest growing and the top five employment opportunity generator in the country.

The Government has fasttracked reforms in the telecom sector and continues to be proactive in providing room for growth for telecom companies. The Union Cabinet approved Rs. 12,195 Crore (US$ 1.65 billion) PLI Scheme for Telecom & Networking products under the Department of Telecommunications. In the Union Budget 202526, the Department of Telecommunications and IT was allocated Rs. 81,005.24

Crore (US$ 9.27 billion). India ranks third in "Annual investment in telecommunication services" and

"Domestic market size.

On the Wearables segment, the Indian market is the 3^rd largest market globally & one of the fastest growing markets. Indias wearable device market grew by 2.1% yearoveryear (YoY) to 25.6 million units after growing by at least double digits consecutively since 2017 according to the recent data from the International Data Corporations (IDC) India Monthly Wearable Device Tracker. The wearables market is expected to experience a more moderate growth trajectory.

Wearables market is expected to experience lucrative growth opportunities due to technological advancements and innovations. The global wearable technology market was valued at USD 61.30 billion in 2022 and is expected to expand at a Compound Annual Growth Rate (CAGR) of 14.6% from 2023 to

2030. Wearable Technology Market was valued at USD 70 billion in 2022 and is poised to grow from USD

91.5 billion in 2023 to USD 286.28 billion by 2031, growing at a CAGR of 15.2% in the forecast period

(20242031).

The hearable market size has grown rapidly in recent years. It will grow from $30.22 billion in 2024 to $35.28 billion in 2025 at a CAGR of 16.8%. The growth in the historic period can be attributed to an increase in the use of infotainment devices, an increase in the adoption of smart headphones, an increase in jackless mobile phones, an increasing adoption rate of hearable devices and a rise in demand for miniaturized wearable electronic devices.

Further, the movement in consumer choice from wired to wireless headphones is expected to impact the industry substantially. Wireless communication via bluetooth technology has been a breakthrough for hearables. The Global Hearables market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2032. It is estimated to reach USD 143.80 billion by 2032, growing at a CAGR of 16.6% during the forecast period (2024 2032).

OPPORTUNITIES

Indias telecom sector is experiencing rapid growth, driven by government policies and increasing internet penetration, positioning the country as a global digital leader. Indias digital economy is set to reach

20% of national income by 202930, driven by IT, telecom and electronics manufacturing, with a 13.42% share expected in F.Y. 2025. India is the secondlargest telecommunication market in the world with over 1203.69 million subscribers. The mobile phone market in India has grown exponentially in the past decade and with the emergence of smartphones, the growth has increased substantially. The Indian smartphone industry and other electronics products looks fertile with new brands entering the market and making space with the existing ones. With budget phones a big hit with the educated middle class, more and more brands are jostling for space in the segment. At the same time, more expensive models are also gaining popularity. The telecom industry today is among the top five employment opportunity generators in India, creating over four million direct and indirect jobs over the next few years. Increase in smartphone sales and internet usage along with the governments efforts to increase the penetration of technology in rural regions have made this possible.

Indias electronics manufacturing industry is on the roll and is perhaps the most successful example of the Governments Make in India initiative. Huge domestic consumption of mobile phones and allied products and policy reforms are expected to drive domestic value addition too, which remains a concern.

This can also create a demand for electronics manufacturing services specifically for the Indian mobile manufacturing industry. According to the India Brand Equity Foundation (IBEF) knowledge centre, India is today the second largest mobile phone manufacturing hub after China. At the current pace, India is expected to surpass China in the next few years as the countrys mobile handset market is expected to grow nearly five times faster than the worlds largest smartphone market, China, where growth has decelerated.

The Government of India has fasttracked reforms in the manufacturer of electronics products and continues to be proactive in providing room for growth for manufacturing companies. During the last five financial years, the Government of India launched various Production Linked Incentive Scheme ("PLI

Scheme") to boost domestic manufacturing and attract large investments in mobile phones, hearable and wearable manufacturing and specified electronic components. The PLI Scheme offers a production linked incentive to the manufacturer upon fulfilling of the target specifiedunder the said scheme. The Scheme would tremendously boost the electronics manufacturing landscape and establish India at the global level in electronics sector. The mobile, hearable and wearable manufacturing industry is very positive about the move and this scheme will help to meet the targets under National Policy on Electronics 2019 (NPE 2019). This will certainly lead to companies moving their supply chains to India. This will not only spur manufacturing but will also make India an exportled global manufacturing hub for mobile phones. Looking ahead to 2025 and beyond, the wearables market is expected to experience a more moderate growth trajectory. Hearables remained the largest category within the wearables market and grew by 8.9% in 2024. This growth is set to continue in the coming years, driven by emerging markets and regular refresh cycles. Innovations such as openear designs and ongoing reductions in average selling prices (ASP) are fueling this categorys expansion.

THREATS

The mobile phone and allied products industry has become increasingly larger from last few years as a result of more affordable cellular phones as well as lower service costs. Companies are competing in an advance technology and communication sector in which success attracts customers to buy their products and services. The market is very competitive because they offer the same products and services, but has different physical attributes to the phones and different costs, which buyers have choices to choose from. Companies want to provide the best products and services to attract buyers by lowering cost and improving products, which makes the mobile phone industry very competitive. The main factors of competitive rivalry includes:

• Cost: Customers wants better products at a lower cost.

• Technology Obsolescence: Rapid advancements in mobile technology necessitate continuous innovation. Failure to keep up with technological trends such as 5G, AI, and advanced camera systems may result in loss of market share.

• Intense Market Competition: The threat of new entrants, the threat of substitute products or services and the bargaining power of suppliers.

Smart electronic devices and accessories worn on the body are prominent players in the Internet of Things (IoT). Wearables enable objects to exchange data through the Internet with a manufacturer, operator and/or other connected devices, without requiring human intervention. But, as everything is computerrelated, these devices also pose security threats. The main factors of competitive rivalry for hearable and wearable sector includes:

• Increased competition can lead to reduced market share and pressure on pricing, potentially affecting profit margins. to Research and Development (R&D) to keep pace • TheCompanymayfacesignificant with technological innovation and consumer expectations.

• Failure to adapt to changing consumer preferences could lead to reduced sales and loss of market relevance.

• Difficulties in integrating new technologies or ensuring interoperability with other devices can impact user experience.

• Disruptions, such as those caused by geopolitical tensions or natural disasters, can affect production timelines and increase costs.

Despite the challenges mentioned above, the manufacturing and trading of mobile phones and related products continue to grow, driven by various promotional schemes introduced by the Government of India to boost electronic manufacturing within the country.

SEGMENTWISE PERFORMANCE

The Companys standalone operations comprise of only one segment viz. Telecommunication and allied products.

During the F.Y. 202425, the telecommunication sector demonstrated varied performance across its segments. The mobile services segment experienced solid growth, fueled by the continued expansion of 5G networks and increased consumer demand for highspeed data. This growth was particularly notable in emerging markets where smartphone adoption remains strong. Overall, while traditional segments faced challenges, the sectors performance was bolstered by advancements in technology and shifts in consumer and enterprise needs, leading to a generally positive outlook for F.Y. 202425. The Companys segment also saw positive momentum, supported by increased investments in hearable and wearable and IoT technologies. Also, the Company is continuously involved in analysing the market trends and searching for business opportunities in the market.

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Further, to boost the countrys manufacturing and attract large investments, the Government of India has introduced various PLI Schemes and other schemes like PMP (Phased Manufacturing Programme) for Hearable and Wearable category. The PLI and PMP Schemes are expected to drive Indias transformation into a global manufacturing hub by resulting in rapid expansion of manufacturing scale by various industries and making it competitive through a robust component ecosystem which was previously lacking. Concessions in customs duty will be given by the Government to certain consumer electronic devices to promote manufacturing across wearables, hearables and specific mobile phone components.

Also, the wholly owned subsidiaries of the Company viz. Optiemus Electronics Limited ("OEL") and GDN Enterprises Private Limited ("GDN") have been selected under the PLI Scheme launched by the Ministry of Electronics and Information Technology and Department of Telecommunication, respectively. OEL has been selected for manufacturing of mobile phones & IT Products and GDN has been selected for manufacturing of Telecom and Networking Products, which will also be advantageous for the Company. OEL has also won the prestigious award for "Best Use of Technology to Enhance Manufacturing Operations (Electronic Manufacturing)" at the 3.0 Technology Excellence Award Manufacturing Edition 2024!

OUTLOOK

India is projected to emerge as the worlds thirdlargest economy in the coming years, powered by robust GDP growth. The Indian electronics industry is the fastest growing in the world and India continues to add more mobile connections every month than any other country in the world. The telecom boom in the country provides great opportunity to handset manufacturers and the hottest segment for these manufacturers is the entry level segment. Mobile has become increasingly pervasive and indispensable, with consumers in the world over enthusiastically embracing its potential. For smartphone, there are 6.64

Billionplus users. For smartwatch, the user number is estimated to amount to 229.51 million in 2027. The total cumulative shipments of smartphones in the country are expected to reach 1.7 billion till 2026, creating a market of about USD 250 billion, of which, nearly 840 million 5G devices are expected to be sold in a span of four years. There is dominance of smartphones as the communications hub for social media, video consumption, communications, and business applications, as well as traditional voice. India is already a base for worldwide quality manufacturing of mobile phones. The sale of mobile handset has increased enormously, the inflow of FDI provided in roads for many companies which started their production in India. Indias electronics manufacturing sector is consistently evolving to make a mark globally. The need to implement fintech, ehealth and elearning will drive this rising demand for smartphones, which is anticipated to stimulate higher Internet adoption rates.

Hearables Market size is estimated to reach over USD 98,558.20 Million by 2031 from a value of USD 35,391.79 Million in 2023 and is projected to grow by USD 39,594.92 Million in 2031, growing at a CAGR of 13.7% from 2024 to 2031.

The global wearabletechnologymarketisexperiencingsignificantgrowth. In 2024, the market was valued at USD 157.30 billion and is projected to reach USD 1,695.46 billion by 2032, with a CAGR of 34.9%.

BUSINESS REVIEW

The Company is engaged into the business of trading of telecommunication and allied products. One of its Wholly Owned Subsidiary viz. GDN is engaged into the business of manufacturing of said products and the other Wholly Owned Subsidiary viz. OEL is engaged into the business of manufacturing of telecommunication and allied products including hearable & wearable and IT hardware products.

With agile policies and an antifragile mindset, India is propelling inclusive growth in the mobile sector and is steadily emerging as an ideal development model for the world. With Apple, the massive mobility firm, turning to India to manufacture its products, we are all set to foresee a humongous opportunity of growth in the mobility industry.

At OEL and GDN, we are committed towards manufacturing of high quality components, investing in research and development, enabling connectivity solutions and collaborating with mobile device manufacturers. We drive innovation, enhance user experience and propel the mobility industry forward into a future of increased connectivity and technological advancement.

Health, fitness, entertainment and gaming! Hearables & wearables continuously impact our lives by intricate functioning of microprocessors, batteries, influencing smaller boards and batteries requires precision workmanship. Future smart wearable technology will be powered by haptic types: grasp, wear and touch. OEL is one of the pioneers in this industry, continues to partner with large organisations and provide them with endtoend manufacturing services.

The manufacturing industry is experiencing robust growth due to growing capacity utilization, the PLI

Scheme and the "Make in India" initiative. Global trends of supply chain diversification coupled with geopolitical tensions and fluctuating tariffs, are creating new business opportunities. As an electronics manufacturing and trading group, we are ready to enter the future techdriven world, equipped with one of the most modern infrastructure and technology. We give our customers the best products possible through our inhouse manufacturing, aiding to the governments ‘Make in India initiative.

Further, during the financial year, the Company has incorporated a new Company viz. Optiemus

Unmanned Systems Private Limited ("OUS") as its Wholly Owned Subsidiary. OUS has also showcased various drones under Agriculture and Defence category. Leveraging its local expertise and infrastructure, OUS will cater to a wide range of sectorsincluding telecommunications, defense, homeland security and civil aviation—empowering Indian organizations with costeffective, precise and innovative solutions tailored for spectrum analysis and monitoring.

In furtherance towards the main object, OUS has also established its partnership with some Indian and foreign Companies who are leading provider of advanced dronebased spectrum analyzers and manufacture of drones.

Further, the Joint Venture and Subsidiary of the Company viz. Bharat Innovative Glass Technologies Private Limited ("BIGTech"), is setting up its manufacturing facility at Tamil Nadu. BIGTech will be the

Indias first facility to produce highquality, finished coverglass parts for helping meet growing manufacturer demand in India.

RISK AND MITIGATION FRAMEWORK

The Company identified the following major risks involved in the business of the Company:

1. Strategic Risks

Strategic risks include wide range of external and internal factors, including changes in the political landscape, challenges in organisational growth such as market penetration and globalization, technological obsolescence, loss of intellectual property, fluctuating economic conditions, competitive pressures, and the loss of key customers or suppliers affecting trade volumes. Additionally, high dependency on China for critical products/components sourcing poses a significant risk.

Mitigation

• Diversify product portfolio across brands and markets to reduce dependency on specific segments.

• Conduct periodic competitive analysis and adapt strategies to market and economic shifts.

• Strengthen IP protection and legal oversight to safeguard proprietary assets.

• Identify and develop alternate sourcing markets to reduce dependency on China.

2. Operational Risks

Operational risks arise from several areas, including revenue concentration due to a limited customer base, challenges in cost optimization, retention of skilled manpower, effective working capital and inventory management, risks of inventory obsolescence, compliance with contractual obligations, maintaining quality standards and staying aligned with evolving regulations related to import duties and taxation.

Mitigation

• Conduct monthly physical stock checks to ensure inventory accuracy and accountability at warehouses and outlets.

• Establish alternate supplier relationships to reduce dependency and ensure supply continuity.

• Conduct regular workforce planning and retention programs for key roles.

3. Financial and Reporting Risks

Liquidity constraints, forex fluctuations and commodity price changes can impact cash flow and financial stability.

Mitigation

• Introduce robust credit evaluation processes before onboarding customers and partners.

• Implement fraud detection tools and protocols for financial transactions.

• Use currency hedging strategies to manage foreign exchange risks related to imports.

4. Compliance Risks

Failure to meet regulatory requirements can lead to penalties, fines and operational restrictions.

Mitigation

• Maintain a centralized compliance calendar and reporting system to track and meet all regulatory obligations.

• Periodically update internal policies to reflect legal and regulatory changes.

• Conduct internal compliance audits and training for all relevant departments.

5. Cyber Security Risk

Cyber threats and data breaches may compromise sensitive information and disrupt operations.

Mitigation

• Deploy updated antivirus, firewall, and intrusion detection systems across all networks.

• Conduct regular cybersecurity training and awareness sessions for all employees.

• Establish an incident response team with clear protocols for data breaches.

• Regularly review and upgrade IT systems to keep pace with evolving business technology needs.

Further, for the purpose of risk identification and risk reduction, the Company has a definedselfgoverned risk policy and risk management & mitigation framework. Additionally, it has established the Risk Management Committee, who monitors and reviews the strategic risk management plans of the Company as a whole and provides necessary directions on the same, which evaluates the Companys performance on a regular basis in relation to the important risks arising from a dynamic business environment and identified by the management based on their vast experience and subjectmatter expertise. The business also makes an effort to spot new risks that could impact its profitability and position in the market and it comes up with plans to deal with these risks as soon as possible.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has an effective internal control system commensurate with the size of its operations. At the same time, it adheres to local statutory requirements for orderly and efficient conduct of business.

The Board reviews the adequacy and effectiveness of the internal control from time to time. The Board, in consultation with the Internal Auditors and Audit Committee, monitors and controls the major financial risk exposures. The Companys philosophy towards internal controls is based on the principle of healthy growth with a proactive approach to risk management.

The Audit Committee reviews the effectiveness of the internal control system from time to time.

A Wholetime Director and CFO Certificate, forming part of the Corporate Governance Report, confirm existence and effectiveness of internal controls and reiterate their responsibilities to report deficiencies to the Audit Committee and rectify the same. The Companys Code of Conduct requires compliance with law and Company policy and also covers matters, such as financial integrity, avoiding conflicts of interest, work place behaviour, dealings with external parties and responsibilities to the community.

The Company, on a regular basis, stores and maintains all the relevant data and information as a back up to avoid any possible risk of losing important business data. A qualified and Independent Audit Committee of the Board comprising of all Independent Directors of the Company reviews the internal audit reports, adequacy of internal controls and risk management framework on quarterly basis.

DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE

The financial statements have been prepared in compliance with the requirements of the Companies Act,

2013, guidelines issued by the Securities and Exchange Board of India (SEBI). Our management accepts responsibility for the integrity and objectivity of these financial statements, as well as for the various estimates and judgments used therein. The estimates and judgments relating to the financial statements have been made on a prudent and reasonable basis, so that the financial statementsreflectin a true and fair manner of the form and substance of transactions and reasonably present our state of affairs, profits and cash flows for the year.

The Companys Standalone financial performance from operations is given as below: i. Revenue and operating expenses

During the Financial Year 202425, the Company earned revenue from operations of Rs. 59,153.05

Lakhs. The total expenditure stood at Rs. 57,199.64 Lakhs. Further, the net profit of Rs. 2,224.04 Lakhs generated during the financial year. ii. Operating profit before finance charges, depreciation and amortization and exceptional items

(EBITDA)

During the financial year 202425, the Company earned profit from its operations before finance charges, depreciation and amortisation and exceptional items of Rs. 3,387.55 Lakhs. iii. Depreciation and amortisation

The Depreciation and amortisation charges during the financial year 202425 was Rs. 26.65 Lakhs. iv. Profit before/ after tax

The profit before tax was Rs. 3,269.51 Lakhs and net profit after tax and adjustments was Rs. 2,224.04 Lakhs during the financial year 202425. Total Comprehensive Income for the period stood at Rs. 2,229.53 Lakhs.

DETAIL OF KEY FINANCIAL RATIOS (STANDALONE)

Particulars	202425	202324	% Change	Reason for change of 25% or more
Debtors Turnover (times)	2.48	2.82	(12.19)	N.A.
Inventory Turnover	1151.78	624.36	84.47	Due to substantial decrease in average
(times)		change		inventories, there is a significant
				in Inventory turnover ratio.
Interest Coverage Ratio				N.A.
(times)
Current Ratio (times)	1.89	3.11	(39.11)	Due to substantial decrease in Current
				assets, there is a significant change in
				Current ratio.
Debt Equity Ratio (times)				N.A.
Operating Profit Margin	4.58%	8.64%	(46.95)	A substantial decrease in revenue has led
(%)				to a significant change in the operating
				profit margin.
Net Profit Margin (%)	5.53%	6.62%	(16.49)	The substantial decrease in revenue
	decline in the net			has led to a significant
				profit margin, indicating reduced overall
				profitability.
Return on Net Worth (%)	3.78%	5.93%	(36.31)	Due to substantial increase in total
		change		investments, there is a significant
				in Return on investment.

HUMAN RESOURCES/ INDUSTRIAL RELATIONS

‘Humankind is the Greatest Resource

At Optiemus, people are at the core of its business strategy. The Companys endeavour has always been to build an organisation where its people are always engaged and empowered to do their best. The Companys culture is focused on customercentricity collaborative team work, result orientation, entrepreneurial mindset and developing people. The Companys HR strategy also aims to create a future ready pool of talent across all levels.

The Company recognizes and appreciates the contribution of all its employees in its growth path. The Company strives to retain talent by facilitating career growth through job enrichment and empowerment, as it believes that the pool of the human resource is the biggest asset of the organization. The Company maintains a cordial relationship with its employees through a constructive work environment in support of productive gains.

The Company finds it imperative to follow policies and procedures in order to facilitate an unbiased and safe working environment. The Company has put in place Grievance Redressal Procedures and adopted a Policy on Sexual Harassment as per the provisions of the Prevention of Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 ("POSH"). The Company has undertaken awareness sessions on POSH regularly to ensure all employees/concerned persons are educated on their rights and responsibilities. The Company has an Internal Complaint Committee to ensure that adequate preventive measures are taken and grievances in this regard, if any, are effectively addressed. During the year under review, no complaint relating to sexual harassment was received.

ENVIRONMENT, HEALTH AND SAFETY (EHS)

As a responsible organization, Environment, Health and Safety (EHS) remains a focus area in the business for Optiemus. The EHS benchmarks and rules are strictly followed across all the Company processes. Health and safety concerns of the employees are addressed with comprehensive measures and the initiatives expand beyond the Company facilities to cover the communities around the locations.

For maintaining an efficient workspace and to continue sustainable growth, the Company is implementing the suggested measures.

CAUTIONARY STATEMENT

The statement in the Management Discussion and Analysis Report describing the Companys objectives, projections, estimates and expectations are forward looking statements within the meaning of applicable laws and regulations and which the management believes are true to the best of its knowledge at the time of preparation. Actual results may differ substantially or materially from such expectations whether expressed or implied and hence, the Company and the Management shall not be held liable for any loss, which may arise as a result of any action taken based on the information contained herein. Several factors operations. couldmakesignificant These include climatic and economic conditions affecting demand and supply, government regulations and taxation, natural calamities over which the Company does not have any direct control.