Member Info for Longterminvstor

...... received its first order for smart meters for the India Smart Meter Programme, during February 2025. And interestingly, has a manufacturing base in Annur, Tamil Nadu.

Maybe CyanConnode have come across them at some time, over the years, as CyanConnode have been active in Tamil Nadu for a number of years now.

https://tndindia.com/salzer-electronics-receives-its-first-order-for-smart-meters/

Also, Salzer Electronics secured its second order for smart meters in India, during March 2025, this time for Rs 50 crore.

https://energetica-india.net/news/salzer-electronics-secures-inr-50-crore-order-for-smart-meters

The report also confirms that:-

" With an annual production capacity of 4 million smart meters, the company's newly established manufacturing facility is well prepared to meet the increasing demand of India's rapidly evolving energy infrastructure."

So an interesting Company, as they all are in India.

Good Luck all.

LTI.

Good evening Vas and all,

Interestingly, I posted the Q2 FY26 results from Salzer Electronics yesterday, after being given the heads-up from gizmo. But the quote from the Salzer Q&A is very interesting indeed and thank you for sharing, it is appreciated.

https://uk.finance.yahoo.com/news/salzer-electronics-ltd-bom-517059-150112879.html

If I have interpreted the Q&A correctly, Saltzer Electronics have tendered for three separate smart meter tenders, in addition to the Tamil Nadu tender. So could be a busy time for Salzer.

Thanks again Vas.

LTI.

No problem Vas. You are welcome.

LTI.

Good evening Vas,

I would hazard a guess at the answer to your question, to being within paragraph 2:-

From the report,

" The separation of capital outlay from utility balance sheets, combined with predictable tariff-based recovery, reduces financial friction for discoms and strengthens the case for rapid adoption. That directly benefits companies positioned not only to manufacture and install meters, but also to operate and maintain them under long-term service contracts."

It is only my personal opinion.

There is also an interesting passage in paragraph 3, that may also be of interest:-

" What is unfolding in Goa, is a microcosm of a broader trend. Across Asia-Pacific, the number smart meters installed is set to climb from around 857 million in 2024, to 1.3 billion by 2030, with India expected to contribute significantly to that growth. The country's 250 million smart meter target by 2026, may not be met on time, but the direction is clear and irreversible."

The 250 million smart meter target, is electricity meters only, as we know. It does not take into account the smart water or smart gas opportunity. Those opportunities are still under starters orders, in comparison to the smart electricity meter programme, along with street lighting, electric vehicle charging etc..

And taking into account also, that the CyanConnode Group, now have offices in 4 locations, at the moment, namely the UK, Sweden, India and the UAE, which should prove beneficial, in the years to come.

Again, in my opinion Vas.

I hope this helps Vas and Good Luck.

LTI.

...... reports 22% revenue growth in Q2 FY26, driven by smart meters and switchgear:-

https://business-news-today.com/salzer-electronics-posts-double-digit-revenue-growth-in-q2-fy26-as-smart-meter-push-gains-traction/

Good afternoon gizmo,

Thank you for the heads-up, gizmo, it was appreciated. And approximately £2m contribution from smart meters, so far.

Thanks again gizmo and Good Luck.

LTI.

Good afternoon all,

MonteCarlo and Partners installed a total of 536k+ smart meters within their 2 smart meter projects, during the month of October, 2025, with IntelliSmart and Partners installing 231k+ smart meters within their 5 smart meter projects, during the same period. Genus and Partners have also installed 900k+ smart meters, also during the month of October 2025.

HPL, Secure Meters, Adani and Iskraemeco are just some of the other Companies that have contributed to this months installation figures.

Good Luck all.

LTI.

Good afternoon all,

The Awarded section has increased by 403,767 smart meters, to a total of 145,538,019 smart meters for the NSGM projects, overall. The newly Awarded smart meter project is for Puducherry, with the AMISP being Awarded to Apraava Energy.

Good Luck all.

LTI.

...... was last updated on 31st October, 2025, with the total number of smart meters installed so far, to the end of October 2025, totalling 44,920,074, with the total number of smart meters installed during October 2025, reaching 2,269,633.

https://nsgm.gov.in/en/sm-stats-all

Good Luck all.

LTI.

...... for H1 FY2025, were posted on the 8th November, 2024, with revenue posted for the previous 6 month period of £5.6m. With the latest Trading Update for CyanConnode, posted on 22nd October, 2025, showing revenues of £7.4m for H1 FY2026, I am encouraged for the potential of this years H1 FY2026 results, probably delivered, hopefully, sometime during the first 2 weeks of November, 2025.

Any additional information from CyanConnode, in the Financial, Operational and Post-Period Highlights sections, is always welcome and should also be of interest.

Good Luck all.

LTI.

Ooooops, sorry, hopefully should read:-

https://x.com/CyanConnode_Ind/status/1983527492733596093

Good Luck all,

LTI.

....... has posted yesterday, on x.com concerning a newspaper report in the Goa newspaper, the Herald - The Voice of Goa - about progress in connection with the CyanConnode/DigiSmart AMISP smart meter project, in Goa:-

https://x.com/CyanConnode_Ind/status/1983527497233596093

Good afternoon all,

It is good to read that news is being reported about the Goa smart meter project, not only from CyanConnode, but also through the main-stream media. It has been covered before, but it is still good to see.

Thanks to stupidboypike, on ADVFN.

Good Luck all.

LTI.

Good morning Safety1 and all,

Thank you for the heads-up for the potential smart meter programme in Nigeria, it is much appreciated.

Dated June 1st, 2025:-

https://nairametrics.com/2025/06/01/fg-to-deploy-7-million-smart-meters-across-nigeria-to-end-estimated-billing/

The initial 100,000 Omnimesh module order from August 2021, as you have indicated, may indeed have been used in a " Pilot " scheme within Nigeria for an RF solution smart meter project. And as you have also indicated, I also remember Nigeria being detailed on a map of Africa as a potential smart meter market.

The latest details I can remember for CyanConnode, in connection with various African countries, gives a potential market for 45 million smart meters - on Page 16 of the Presentation:-

https://cyanconnode.com/wp-content/uploads/2025/08/CyanConnode-Corporate-presentation-Jul-2025-for-web.pdf

Take care Safety1, thank you for the Nigeria information and Good Luck all.

LTI.

Good afternoon all,

Thanks to nilli on ADVFN, they have posted that John Cronin has commented on LinkedIn, about the IntelliSmart/DGVCL smart meter contract being awarded.

Very interesting indeed.

Good Luck all.

LTI.

..... from the FY2025 Annual Report:-

" CyanConnode has entered into an Open Agreement with IntelliSmart Infrastructure Private Limited ( " IntelliSmart " ), to deploy smart meters on a pan-India basis. Under the agreement, CyanConnode will provide Consumer Indexing, Meter Installation and Operations & Maintenance services, for IntelliSmart's ongoing and upcoming smart meter projects, across India. This agreement marks a significant step in strengthening CyanConnode's role in the execution and long-term management of Advanced Metering Infrastructure deployment, under RDSS."

It sounds to me, with the provision/inclusion of " ..... Consumer Indexing, Meter Installation and Operations & Maintenance Services ..... " within the CyanConnode/IntelliSmart Open Agreement, maybe that includes the CyanConnode Group also offering an AMISP option.

Very interesting.

Good Luck all.

LTI.

.... a contract to roll-out 24 lakh ( 2.4 million ) smart meters, under the Phase 2 project for DGVCL:-

https://x.com/Intelli_Smart/status/1983503468330623054

Good afternoon gizmo,

And thank you for the heads-up on the IntelliSmart press release today for DGVCL, it was much appreciated. And it will be good to see, when CyanConnode's Open Agreement with IntelliSmart, that we were informed of within the FY2025 Annual Report, begins to have some visibility.

I am sure it will be as successful as the original Strategic Framework Agreement, signed in February 2023, between IntelliSmart and CyanConnode.

Good Luck gizmo.

LTI.

..... on x.com, that they have successfully installed over 8 lakh smart meters for APDCL.

https://x.com/Intelli_Smart/status/1983400540156428670

Good morning all,

It is good to see that the IntelliSmart smart meter project in Assam is progressing well.

From the IntelliSmart post on x.com:-

" Assam continues to set an example, not just in IntelliSmart's journey, but in driving India's #SmartMetering revolution. Here's to accelerating progress and powering many more milestone's ahead!"

Good Luck all.

LTI.

Good afternoon Safety1,

Thank you for the heads-up in connection to the Esyasoft Software Delivery Lead. It seems a wide-ranging/experienced position - requiring a Bachelors degree or Masters degree, with 8 years experience, including 3 years as a leader. Also must be fluent in Azerbaijani, English, Russian and other regional languages.

" Near term " would do very nicely for an Azerbaijan contract, Safety1. But as always, we will have to wait and see.

Thanks again Safety1, the information was appreciated.

LTI.

Thank you gizmo, for the latest bit of news on the Goa project, it was appreciated. The next potential Trading Update, possibly in January 2026, may be able to give us a progress report, but it will be early days, for the project.

Thanks again gizmo.

LTI.

Good afternoon Vas,

An interesting report Vas and thank you for sharing. Especially about the Esyasoft early projects, namely Mysore and Indore, where Cyan transitioned from IPv4 in Mysore during 2015, to CyanConnode and IPv6 in Gujarat during 2017 and onto Indore and Esyasoft, during 2018.

https://cyanconnode.com/wp-content/uploads/2022/05/Brochure-A4.pdf

So CyanConnode and Esyasoft have been working together in India, for a number of years now, the first project I am aware of was Indore.

As you have indicated, a relatively new Company when they were first involved with CyanConnode. According to the CyanConnode pdf, released during 2022, CyanConnode and Esyasoft have collaborated on 5 smart meter projects between 2018 and 2022 namely, Indore - 1 & 2, Tamil Nadu, Himachal Pradesh and Assam.

So a very astute move by John Cronin and CyanConnode, in my opinion, to link up with Esyasoft when they did. Especially with the links not only to India, but also the UAE and Azerbaijan, also. Which may prove very interesting indeed. And not forgetting that both CyanConnode and Esyasoft, both have offices in Dubai.

https://esyasoft.com

Thanks again Vas, the report on Esyasoft was appreciated.

Good Luck,

LTI.

Good afternoon Vas,

My personal choice Vas, would be an outcome where CyanConnode UK, still had a large enough stake in India, to see us through to the RoW accounts developing, while having a decent wedge put away in the CyanConnode UK bank account, to benefit CyanConnode UK and CyanConnode share-holders.

Very simplistic I know. But why complicate the situation. I also appreciate that negotiating contracts/a divestment of part of a Company, is a complicated matter, and needs to be negotiated correctly, to make sure both sides/all sides, feel as though they have got a good deal. Including share-holders.

CyanConnode has developed successfully, in my opinion, a blue-print in India, that is potentially now being established globally. The spade-work has been done in India initially and now CyanConnode/CyanConnode India/DigiSmart Networks/ CyanConnode share-holders, should be able to look forward to some financial security, in the coming years.

The building blocks for the next stage of CyanConnode's development, have already started to be positioned and have been for some time. In my opinion.

Good Luck Vas and I hope this helps also.

LTI.