Dear Shareholders,
 
 It gives me immense pleasure to address you on the 25th - Silver
 Jubilee AGM of your Company. This is a milestone event and I must admit
 pride, a sense of accomplishment and deep humility surrounding me. It
 is also a special occasion for me personally as I will be completing my
 25 years of service to your Company in various capacities over the
 years. I will continue to serve your Company as long as I believe I am
 adding value to the Company and would like to hand over the reign in
 the very capable hands of younger generation in the near future.
 
 Aksh founded in 1986 with a modest beginning as a copper cable
 manufacturing Company , with continuous innovations has grown steadily
 to become a technology leader and a global player in the Optical Fibre
 (OF) , Optical Fibre Cables (OFC) & FRP rods manufacturing and is now
 knocking the doors of becoming a international technology and service
 provider in the Fibre to Home (FTTH) arena.
 
 Relentless backward integration was the theme now being transformed in
 to forward integration. From being a global supplier of products we now
 look forward to establishing a global presence by establishing new
 plants and providing services internationally.
 
 Developing unique products such as interconnecting cables, ceramic
 armoured cables for Solar and Windmill operations and Air blown FTTH
 cables for FTTH solution has paved the way for Aksh becoming Star
 Export House with export turnover in excess of 75% to 60 countries
 across 6 continents like Japan, China, USA etc making the Company a
 unique Indian Company to do so.
 
 On the domestic front the Company''s turnover continues to grow
 robustly as in the telecom field voice revenue moves to data revenue
 and wireless connectivity to Fibre connectivity . If the last decade
 was wireless the next decade will be Optical Fibre with government
 initiative to connect villages. Moreover the increased usage of
 smartphones, Tablet PCs and proliferation of high bandwidth devices
 will necessitate OFC deployment. Projects like Aadhar and direct money
 transfers to bank accounts require OF initiatives.
 
 I am glad to say that the cultural evolution of Aksh has matched the
 technical growth with excellent and path breaking HR practices,
 Corporate Governance and fair practices recognized through various
 awards.
 
 Aksh has developed soft IPRs and has supervised the first commercial
 vertically integrated triple play FTTH service outside India showing
 exceptional technology transfer and training skillset.
 
 The next decade will see rapid globalization of Aksh and the fruits of
 same shall be available to all the stakeholders.
 
 I take this opportunity to thank all the shareholders for their
 continued trust in the Board of Directors and the Management. I would
 also like to thank all the members of the Board, business associates,
 employees, vendors, suppliers, Government agencies and lenders who have
 always supported the Company.
 
 I have always believed that people are the key to achieve the corporate
 goals and with the volatility in the global economy, people need to
 constantly improve their competencies to meet these challenges. Your
 Company continues to pay a lot of emphasis on their developments.
 
 With best wishes,
 
 Dr. Kailash S Choudhari
 
 (Chairman)