“Rising together to achieve our goals”

Dear Team,

The previous month kicked off at the ‘Volcano Summit’ in Guatemala, where I had the opportunity to connect with a diverse array of established companies and budding entrepreneurs in the region. During this event, I effectively promoted Pakka’s forthcoming investment initiatives and forged valuable new connections.

Following the summit, I had the opportunity to attend the International Molded Fiber Annual Conference in the United States, where I gained valuable insights into the advancements within this industry.

Additionally, I had the pleasure of networking with numerous vendors, opening up exciting prospects for potential collaborations.

I had the chance to meet with my partner Satish and Guru Prasad Kaipa Ji at our office in Portland, where we had a conversation about the developments in the molded fiber division.

In India, we recently convened a board meeting, during which we gathered valuable insights from our mentors.

At Pakka USA, we’ve kicked off engaging conversations with our customers this month to build anticipation for our upcoming production.

The Jagriti Project is also making significant progress, as we actively gather investment resources and initiate the procurement of numerous machines.

Following a mid-year financial assessment, it has come to our attention that additional efforts are required to strengthen the supply chain for molded fiber and paper to meet our annual objectives.

We are delighted to observe the positive momentum in our share price and appreciate your collective interest in this matter. As stakeholders in Pakka, your acquisition of shares has conferred upon you the status of rightful owners. Now, it is imperative that we collectively direct our efforts toward achieving our goals, ensuring the progress and prosperity of all involved.

During my recent visit to our Bangalore lab, I had the wonderful opportunity to connect with the families of my team members. This experience highlighted the urgency to accelerate our research and development efforts, as well as increase investment in this field. We aim to drive market transformation by innovating and introducing cutting-edge products.

The upcoming months will require dedicated effort and collaboration as we strive to achieve our objectives.

With best wishes,

Yours,

Ved