Earnings Call Overview
• Date: June 3, 2024
• Transcript available on the company's website
• Key management present: Managing Director and CEO, CFO, Whole-Time Director
• Communication signed by Vaishali Kondbhar, Company Secretary and Compliance Officer
Financial Performance
• Q4 FY24 Results:
• Operating revenue: Rs. 9.1 million (down from Rs. 33.2 million in Q4 FY23)
• Net loss: Rs. 60.4 million (due to ESOP expenditures and subsidiary impairment)
• FY24 Results:
• Total revenue: Rs. 64.7 million (down from Rs. 147.4 million in FY23)
• Operating EBITDA loss: Rs. 149.1 million
Strategic Focus
• Shift towards corporate clients due to startup funding slowdown
• No new startups being onboarded; focus on achieving EBITDA profitability
• Interest in data science and AI initiatives to enhance revenue
Product Development
• Positive feedback on Signal Analytics app from focus groups
• Refinement of product based on user feedback
• Exploration of direct-to-consumer and school collaboration strategies
Operational Adjustments
• Streamlined operations and discontinued non-profitable projects
• Slower-than-expected growth in corporate services due to adoption hesitance
Future Opportunities
• Ongoing discussions for potential acquisitions, but cautious approach
• Focus on long-term investments in existing projects (Mihup and Woovly)
• Cash runway of 10 to 12 months with Rs. 8 Crores in cash
Revenue Distribution
• Current revenue sources: 32% from startups, 64% from corporates, 4% from government
• Strategic shift away from reliance on startups and government contracts
Shareholder Concerns
• Commitment to navigating challenges and maintaining technical competence
• Most ESOP options exercised; completion expected by end of financial year
IPO Plans
• No current plans for IPOs for startups (Kid Stop Press, Woovly, Mihup)
• Startups in early revenue stages; significant funding levels not yet reached
• Ongoing discussions regarding potential mergers and acquisitions
Conclusion
• Management invited further questions from participants at the end of the call.

Notification and Access
• Date of notification: November 15, 2023
• Earnings call held on: November 10, 2023
• Transcript available on the company's website
• Communication signed by: Vaishali Kondbhar, Company Secretary and Compliance Officer
Financial Performance Highlights
• Q2 FY24 operating revenue: INR 21.1 million (down from INR 43 million in Q2 FY23)
• Negative operating EBITDA: INR 36.6 million
• Net loss: INR 45.3 million (influenced by ESOP expenses and increased depreciation)
• Revenue composition for H1 FY24:
• 32% from startups
• 61% from corporates
• 7% from government
Strategic Shift
• Focus on corporate segment due to challenges in the startup sector
• Emphasis on data science and AI for future growth
• Acknowledgment of time needed for transition to corporate focus
Portfolio Company Updates
• Mihup: Growth in AI solutions
• Woovly: Expansion in social commerce
• Snaphunt: Developments in remote talent marketplace
Financial Queries and Insights
• Woovly's valuation: Raised funds at USD 21 million post-money valuation
• Current cash position: Decreased to INR 10 crores
• Monthly burn rate: Estimated at INR 95 lakhs to INR 1 crore (10-month runway)
Corporate Engagement and Strategy
• Shift towards corporate clients to ensure cash flow
• Challenges with government projects acknowledged
• Expectation to stabilize corporate revenue by Q1 of the next financial year
• Restructuring process to streamline operations
Management's Commitment
• Assurance of promoters' commitment to long-term goals
• Emphasis on innovation and providing turnkey solutions
• Management's confidence in long-term prospects despite cash reserve concerns
Conclusion
• Management thanked participants and wished them well for Diwali celebrations.

Announcement Details
• Date of announcement: June 5, 2023
• Transcript availability: Earnings call held on May 31, 2023
• Key participants: Managing Director, CEO, CFO, group presidents, moderated by Ernst & Young
• Communication signed by: Vaishali Kondbhar, Company Secretary and Compliance Officer
Financial Performance Highlights
• Q4 Performance:
• Operating revenue: INR 33.2 million (79.1% YoY increase, 15.1% sequential decline)
• Adjusted EBITDA loss: INR 23.5 million (improved from INR 44.2 million YoY)
• FY '23 Performance:
• Total revenue: INR 147.4 million (83% increase)
• Net losses: INR 116.4 million (decreased from INR 128.3 million in FY '22)
• Revenue breakdown: 34% from startups, 39% from corporates, 27% from governments
Strategic Focus
• Shift towards corporate clients and data science to sustain revenue growth
• Challenges in startup sector due to funding slowdown
• Emphasis on improving top-line revenue and profitability
Portfolio and Investment Updates
• Fair value of portfolio investments decreased due to fundraising slowdown
• Updates on portfolio companies: Fortigo, Rype Fintech, Mihup
• Fortigo acquisition by a strategic partner; equity shareholders to receive buy-back
Investor Inquiries and Management Responses
• Signal Analytics Development:
• Progress acknowledged; market sluggishness affecting timelines
• X-Pand component ready for market integration
• Concerns on Valuations:
• Fortigo's reduced valuation discussed; product revenue growth ramping up
• Shift from startups to services for enhanced profitability
• Future Strategies:
• Focus on later-stage startups with revenue visibility
• Minority stakes in future investments to reduce time commitment
Operational Insights
• Startups facing cash burn and challenges in achieving breakeven
• Cautious spending due to tight funding conditions expected in the next six months
• Significant reduction in cash reserves attributed to operational expenses and expansion
Conclusion
• Management committed to navigating current challenges
• No buyback plans at this time; focus on strengthening sales team and delivery
• Invitation for further questions via email; gratitude expressed to participants