Tag: technology

  • Shaping the Future: Shrikaa Jadiga’s Visionary Approach to GCP Cloud Adoption”

    Shrikaa Jadiga

    In today’s digital age, businesses must swiftly adopt emerging technologies for success. GCP Cloud Migration offers crucial benefits, as revealed by recent data showing a 53% faster revenue growth for companies embracing cloud technologies. To facilitate this, businesses are seeking dynamic leaders like Shrikaa Jadiga to navigate the complexities of GCP Cloud Migration and modernization. With a proven track record of driving innovation and delivering high-performance solutions, Shrikaa’s expertise in data engineering and cloud architecture is unparalleled. Presently working with Fortune 50 home improvement company, she empowers organizations to unlock the full potential of the Google Cloud Platform (GCP), driving agility, scalability, and sustainable growth.

    So, what makes Shrikaa Jadiga an exceptional asset to any organization? It is her multifaceted contributions across a spectrum of projects and initiatives. Her leadership shines through in endeavours such as spearheading the migration of data analysis and reporting dashboards from MicroStrategy to Apache Superset and Google Looker platforms, significantly enhancing operational efficiency and accessibility. Furthermore, her pivotal role in migrating data pipelines from Hadoop 2.0 to 3.0 and from on-premises Hadoop to Google Cloud Platform underscores her unwavering commitment to leveraging the latest technologies for optimal outcomes.

    She has also been instrumental in building Sales and Performance dashboards, facilitating informed decision-making and enhancing customer programs. Her leadership in transitioning applications to GCP Cloud highlights her strategic vision and dedication to staying at the forefront of technological advancements.

    During her tenure at GSK Solutions, Shrikaa demonstrated effective communication with stakeholders and leadership, ensuring transparency on project status and deliverables. As a senior member, she collaborated closely with business engagement teams to define dashboards and reporting solutions tailored to diverse and complex business needs. Shrikaa’s expertise in analytics facilitated the design of interactive scorecards and dashboards, enabling efficient business analysis. Additionally, she played a key role in establishing and maintaining design and development best practices, ensuring efficiency and consistency in project execution. Her contributions extended to data modelling, warehousing, and database management, where she developed dynamic dashboards and statistical reporting using MicroStrategy software. Shrikaa’s involvement in project architecture design underscored her commitment to ensuring robust and efficient systems.

    She says, “As a firm believer in the power of collaboration and transparency, I’ve witnessed firsthand the transformative impact it can have on project success. By fostering open communication with stakeholders and embracing a multidisciplinary approach, we pave the way for innovation and excellence.”

    At Almondz Global Securities Ltd., her meticulous analysis of project documentation and interaction with clients facilitated understanding of business requirements. Her proficiency in SQL queries and interpretation of test data ensured successful execution of projects within Agile development processes. Shrikaa’s leadership in migrating data analysis and reporting dashboards and transitioning applications to GCP Cloud reflected her dedication to enhancing accessibility and functionality while leveraging cutting-edge technologies.

    Shrikaa is a seasoned professional with expertise in data engineering and cloud architecture. With a Bachelor’s in Computer Science and multiple master’s degrees, she stands out in her field. Shrikaa holds certifications like Google Cloud Certified Professional Data Engineer and MicroStrategy Certified: Enterprise Analyst and Project Architect. She’s skilled in various programming languages like Python, Scala, and Java, focusing on data modeling, warehousing, and database management. Shrikaa is adept at handling both structured and unstructured data, and she excels in architecting data pipelines for real-time streaming and batch processing, using technologies like Apache Spark and Cloud services. Additionally, she’s proficient in Continuous Integration/Continuous Deployment (CI/CD) integrations, ensuring scalable, secure, and reliable cloud architectures.

    Shrikaa’s professional journey has been nothing short of exceptional, particularly in the field of GCP Cloud Migration and Modernization. Holding key positions such as Cloud Architect and Technical Lead, she has led teams with precision and delivered outstanding solutions. Shrikaa’s commitment to clear communication with stakeholders and leadership has been instrumental in her success. Her impressive achievements are a testament to her dedication and expertise. With a proven track record of innovation and successful migrations, Shrikaa continues to make significant contributions to the field of data engineering and cloud architecture, demonstrating her unwavering dedication and skill at every turn.

  • Navigating the Cloud: The Leadership of Amrish Solanki in Data Analytics

    Amrish Solanki

    In today’s business world cloud technology is not merely an option but an essential strategy to survive and grow. It is a transformative IT paradigm that offers seamless access to servers , network, storage, development tools and applications that empowers organizations to align technology infrastructure with evolving business need. Having said that, the significance of Cloud data specialist like Amrish Solanki becomes readily apparent. An expert with extra-ordinary industry experience coupled with strong educational background he is someone with the capacity to transform the business growth to a whole new level with his knowledge and skills.

    Domain expertise that spans over 15 years, coupled with remarkable achievements across diverse sectors, makes Amrish stand out from the rest. From banking to mortgage and from energy to real estate, he has contributed significantly to several sectors with his technology acumen. His proficiency in technologies related to large-scale distributed data processing, coupled with a focus on security and cost optimization across AWS, Microsoft Azure, and GCP, consistently delivers advanced solutions for cloud computing. Especially, his mastery extends to securing sensitive data and implementing encryption measures, ensuring the highest standards of data protection.

    Currently employed at EPAM Systems Inc, as a Senior Delivery Manager, Amrish takes the lead in overseeing and driving the development of scalable and cost-effective data analytics platforms in the cloud. Leveraging his extensive expertise in data analysis, architecture, and product development, he serves as a catalyst for innovation across a multitude of industries. Through his strategic guidance and hands-on approach, Amrish ensures that these platforms not only meet the diverse needs of clients but also remain at the forefront of technological advancements, empowering organizations to derive maximum value from their data assets.

    Amrish contributed significantly to the establishment of operational data stores grounded on the MISMO canonical Mortgage Industry model. Through this endeavour, he not only bolsters data security but also achieves substantial operational cost savings. Amrish’s expertise shines through in his adept orchestration of complex projects, as evidenced by his seamless migration of servers and data to AWS. Furthermore, during his tenure at GSK Solutions Inc, he showcased his ingenuity by spearheading the development of predictive maintenance models tailored specifically for the oil and gas industry. In doing so, he harnessed the power of cloud platforms to deliver innovative solutions that address critical industry needs.

    Amrish highlights the crucial role of intelligence and information analysis in today’s corporate landscape, stressing its essential significance. With a dedicated focus on enhancing operational efficiency and gaining competitive advantages through meticulous data evaluation, Amrish emphasizes the paramount importance of these practices in driving organizational success. He actively imparts his extensive knowledge and expertise to aspiring professionals within the technology sector, fostering a culture of learning and innovation. Additionally, his involvement as a judge for esteemed international awards, such as the Globee Awards, demonstrates his unwavering commitment to nurturing excellence and driving forward innovation within the global technology community.

    Amrish’s illustrious career is underpinned by a robust educational background, holding graduate degree in Computer Information. His commitment to continuous learning is evident through a myriad of certifications, providing him a competitive edge in the industry. Furthermore, Amrish actively contributes to the tech community through publications and mentorship, emphasizing the critical importance of data-driven practices in today’s corporate landscape.

    Beyond project implementations, Amrish exhibits exceptional project management skills, ensuring timely delivery of cloud data solutions within budget constraints. His meticulous attention to detail and rigorous testing methodologies minimizes disruptions to business operations, enabling organizations to harness the full potential of cloud computing.

    Amrish Solanki’s influence transcends borders, making a significant impact on the US tech sector and beyond. His dedication to excellence and innovation continues to reshape industries, driving organizations towards a data-driven future. In the dynamic landscape of cloud computing, Amrish Solanki remains a pivotal figure, guiding organizations towards success through his unparalleled expertise and passion for innovation. As Amrish himself reflects, “I am privileged to have contributed to groundbreaking projects that have reshaped industries. Collaborating with talented teams, we’ve implemented transformative solutions that drive efficiency, security, and innovation. It’s incredibly rewarding to witness the positive impact these initiatives have on organizations and their stakeholders.”

  • Navigating the Cloud: The Leadership of Amrish Solanki in Data Analytics

    Amrish Solanki

    In today’s business world cloud technology is not merely an option but an essential strategy to survive and grow. It is a transformative IT paradigm that offers seamless access to servers , network, storage, development tools and applications that empowers organizations to align technology infrastructure with evolving business need. Having said that, the significance of Cloud data specialist like Amrish Solanki becomes readily apparent. An expert with extra-ordinary industry experience coupled with strong educational background he is someone with the capacity to transform the business growth to a whole new level with his knowledge and skills.

    Domain expertise that spans over 15 years, coupled with remarkable achievements across diverse sectors, makes Amrish stand out from the rest. From banking to mortgage and from energy to real estate, he has contributed significantly to several sectors with his technology acumen. His proficiency in technologies related to large-scale distributed data processing, coupled with a focus on security and cost optimization across AWS, Microsoft Azure, and GCP, consistently delivers advanced solutions for cloud computing. Especially, his mastery extends to securing sensitive data and implementing encryption measures, ensuring the highest standards of data protection.

    Currently employed at EPAM Systems Inc, as a Senior Delivery Manager, Amrish takes the lead in overseeing and driving the development of scalable and cost-effective data analytics platforms in the cloud. Leveraging his extensive expertise in data analysis, architecture, and product development, he serves as a catalyst for innovation across a multitude of industries. Through his strategic guidance and hands-on approach, Amrish ensures that these platforms not only meet the diverse needs of clients but also remain at the forefront of technological advancements, empowering organizations to derive maximum value from their data assets.

    Amrish contributed significantly to the establishment of operational data stores grounded on the MISMO canonical Mortgage Industry model. Through this endeavour, he not only bolsters data security but also achieves substantial operational cost savings. Amrish’s expertise shines through in his adept orchestration of complex projects, as evidenced by his seamless migration of servers and data to AWS. Furthermore, during his tenure at GSK Solutions Inc, he showcased his ingenuity by spearheading the development of predictive maintenance models tailored specifically for the oil and gas industry. In doing so, he harnessed the power of cloud platforms to deliver innovative solutions that address critical industry needs.

    Amrish highlights the crucial role of intelligence and information analysis in today’s corporate landscape, stressing its essential significance. With a dedicated focus on enhancing operational efficiency and gaining competitive advantages through meticulous data evaluation, Amrish emphasizes the paramount importance of these practices in driving organizational success. He actively imparts his extensive knowledge and expertise to aspiring professionals within the technology sector, fostering a culture of learning and innovation. Additionally, his involvement as a judge for esteemed international awards, such as the Globee Awards, demonstrates his unwavering commitment to nurturing excellence and driving forward innovation within the global technology community.

    Amrish’s illustrious career is underpinned by a robust educational background, holding graduate degree in Computer Information. His commitment to continuous learning is evident through a myriad of certifications, providing him a competitive edge in the industry. Furthermore, Amrish actively contributes to the tech community through publications and mentorship, emphasizing the critical importance of data-driven practices in today’s corporate landscape.

    Beyond project implementations, Amrish exhibits exceptional project management skills, ensuring timely delivery of cloud data solutions within budget constraints. His meticulous attention to detail and rigorous testing methodologies minimizes disruptions to business operations, enabling organizations to harness the full potential of cloud computing.

    Amrish Solanki’s influence transcends borders, making a significant impact on the US tech sector and beyond. His dedication to excellence and innovation continues to reshape industries, driving organizations towards a data-driven future. In the dynamic landscape of cloud computing, Amrish Solanki remains a pivotal figure, guiding organizations towards success through his unparalleled expertise and passion for innovation. As Amrish himself reflects, “I am privileged to have contributed to groundbreaking projects that have reshaped industries. Collaborating with talented teams, we’ve implemented transformative solutions that drive efficiency, security, and innovation. It’s incredibly rewarding to witness the positive impact these initiatives have on organizations and their stakeholders.”

  • Deepfakes in a democratic country like India a big concern: PM Modi

    Deepfakes In A Democratic Country Like India A Big Concern: PM Modi

    Deepfakes In A Democratic Country Like India A Big Concern: PM ModiIANS

    Prime Minister Narendra Modi on Friday said artificial intelligence (AI) presents a huge opportunity but there is a significant risk of misuse, especially deepfakes, if such a powerful technology is placed in unskilled hands.

    Responding to a question from Microsoft Co-founder and billionaire philanthropist Bill Gates on how India looks at AI which is a huge opportunity but comes with its own challenges, PM Modi said proper training is must to handle technologies like AI.

    “I have engaged with leading minds on AI and its risks. I suggested that we should start with clear watermarks on AI-generated content to prevent misinformation. Proper sources of AI-generated content should also be mentioned,” PM Modi emphasised.

    Deepfakes in a vast democratic country like India, which is going into general elections, is a real issue.

    “Someone can even misuse my voice to deceive people and such a deepfake can trigger widespread uproar. We need to think about creating robust dos and don’ts on deepfakes,” the Prime Minister told Gates.

    Using AI as a magic tool or asking ChatGPT to write letters is a great injustice to this wonderful technology as we should rather compete with AI to improve ourselves and innovate further to solve real life problems, according to the Prime Minister.

    “India has a myriad of languages and dialects and we need to push AI to recognise and adapt to those to help people,” PM Modi told Microsoft Co-founder.

    “I constantly present new challenges to AI whenever I get a chance to speak to a machine or a robot, fostering its growth and adaptability,” the Prime Minister said.

    India has democratised technology

    PM Modi said technology is meant to empower people from all strata of the society and India has achieved democratisation of new technologies like artificial intelligence (AI) to help millions of people especially in rural parts of the country.

    Mizoram rail bridge collapse: PM Modi condoles deaths, announces compensation

    PM ModiIANS

    PM Modi also said that for him, the best use of technology is in areas like healthcare, agriculture and education.

    “We have established 2 lakh ‘Ayushman Arogya Mandir’ across the country where people can get quality healthcare from medical specialists from best hospitals with the use of modern technology,” PM Modi told Gates.

    Launched under the umbrella of Ayushman Bharat, Ayushman Arogya Mandir scheme has the goal to provide comprehensive, affordable and quality healthcare services to citizens across urban and rural areas.

    The Namo Drone Didi and Lakhpati Didi initiatives are integral to the Prime Minister Modi’s vision of fostering economic empowerment and financial autonomy among women, especially in rural areas.

    “When I speak to women involved in the ‘Namo Drone Didi’ initiative, they feel so happy that they could not ride a bicycle but now, they are using drones in the fields and have become innovators of modern agricultural methods,” PM Modi emphasised.

    The Prime Minister further said that he will not let digital divide affect people in the country and India’s Digital Public Infrastructure (DPI) is a shining example for the world.

    “I want to give the best education to children with the use of new technologies. We should embrace digital technology to enhance daily life for everyone,” PM Modi added.

    Their conversation delved into the transformative role of technology in healthcare, showcasing India’s innovative use of drones to empower the ‘Nari Shakti.’

    They also explored India’s remarkable success in combating the Covid-19 pandemic with indigenously developed and produced vaccines, highlighting the nation’s self-reliance in crucial healthcare solutions.

    Moreover, they touched upon India’s proactive stance in addressing climate change, underscoring the country’s commitment to sustainable development.

    (With inputs from IANS)

  • Started my career on shop floor of auto plant: Anand Mahindra to Elon Musk

    anand mahindra, mahindra group, anand mahindra message and massage, bajaj auto md rajiv bajaj, lessons on management

    Anand Mahindra, chairman and managing director of Mahindra GroupReuters file

    Mahindra Group Chairman Anand Mahindra, on Friday, revealed that he started his career on the shop floor of an auto plant, as he responded to Tesla and SpaceX CEO Elon Musk.

    The X owner posted that many movies exist about a lone inventor in a garage having a “eureka” moment, but “almost none about manufacturing, so it’s underappreciated by the public.”

    “Compared to the insane pain of reaching high-volume, positive-margin production, prototypes are a piece of cake,” said the tech billionaire.

    Mahindra responded, saying that he couldn’t agree more.

    “I started my career on the shop floor of an auto plant. And have never stopped being in awe of the relentless effort and non-stop problem solving that goes into making products at high volume,” he posted.

    Anand Mahindra

    Anand Mahindra, chairman of Mahindra & MahindraReuters

    “The heroes of manufacturing do indeed deserve to have films made about them. More so because the films we make of our cars being manufactured get large viewership on YouTube. So there’s certainly an audience out there looking for more,” Mahindra further said.

    A follower reached, saying that “manufacturing is under-represented in pop culture and there are hundreds of tales to tell.”

    Founded in 1945, the Mahindra Group is one of the largest companies with 260,000 employees in over 100 countries. It has a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume.

    (With inputs from IANS)

  • Crypto exchange FTX CEO Sam Bankman-Fried sentenced to 25 years in prison

    Crypto exchange FTX

    Crypto exchange FTXIANS

    Sam Bankman-Fried, the co-founder and CEO of collapsed crypto exchange FTX, was on Thursday sentenced to 25 years in prison in the US for seven counts of conspiracy and fraud charges.

    Judge Lewis Kaplan ordered a 240-month sentence and a 60-month sentence to be served consecutively, reports The Verge.

    “On obstruction of justice, I find that Bankman-Fried’s text to the former general counsel did, in fact, constitute attempted witness tampering. I make 3 perjury findings based on trial testimony,” the judge said.

    The customers of FTX lost $8 billion and Bankman-Fried “falsely testified about when he learned of the missing $8 billion”.

    Sam Bankman Fried

    Sam Bankman Fried arrested in BahamasIANS

    Bankman-Fried is already in custody and has been residing in the Metropolitan Detention Center (MDC) since August 11, 2023.

    Last November, the FTX CEO was found guilty on all seven counts related to fraud and money laundering.

    The US Attorney’s office at the Southern District of New York had said in a statement that he perpetrated one of the biggest financial frauds in American history — a multibillion-dollar scheme designed to make him the ‘King of Crypto’.

    “While the cryptocurrency industry might be new and the players like Sam Bankman-Fried might be new, this kind of corruption is as old as time. This case has always been about lying, cheating, and stealing, and we have no patience for it,” said US Attorney Damian Williams.

    FTX — once the world’s second-largest cryptocurrency exchange — filed for bankruptcy in November 2022.

    (With inputs from IANS)

  • ‘Unacceptable, unwarranted’: India again slams US’ remarks on Arvind Kejriwal

    'Unacceptable, unwarranted': India again slams US' remarks on Arvind Kejriwal

    ‘Unacceptable, unwarranted’: India again slams US’ remarks on Arvind KejriwalIANS

    Calling the US State Department’s remarks on the arrest of Delhi Chief Minister Arvind Kejriwal “unwarranted”, India on Thursday said that any such external imputation on the electoral and legal process is completely unacceptable.

    US State Department Spokesperson Matthew Miller reiterated on Wednesday its call for “fair, transparent, timely legal processes” as India summoned an American diplomat and lodged a strong protest over the remarks.

    Addressing a weekly media briefing, Ministry of External Affairs spokesperson, Randhir Jaiswal, said that “yesterday, India had lodged its strong objection and protest with a senior official from the US embassy with regard to the comments made by the State Department”.

    “The recent remarks by the State Department are unwarranted. Any such external imputation on the electoral and legal process is completely unacceptable,” Jaiswal said in response to a question.

    Delhi CM Arvind Kejriwal

    New Delhi : Enforcement Directorate (ED) produces Delhi CM Arvind Kejriwal before Rouse Avenue in the liquor policy case, in New Delhi on Friday, March 22, 2024. (Photo: IANS)IANS

    Asserting that in India, legal processes are driven only by the rule of law, Jaiswal said that anyone who has a similar ethos, especially fellow democracies, should have no difficulty in appreciating this fact.

    He further said that India is proud of its independent and robust democratic institutions and is committed to protecting them from any form of “undue external influences”.

    “Mutual respect and understanding form the foundation of international relations and states are expected to be respectful of the sovereignty and internal affairs of others,” Jaiswal said.

    The meeting at the foreign ministry’s South Block office with Gloria Berbena, the US Acting Deputy Chief of Mission in Delhi, lasted 45 minutes with India objecting strongly to the US stance on the Aam Aadmi Party (AAP) convenor.

    After Manish Sisodia and Sanjay Singh, Kejriwal was the third AAP leader who was arrested by the Enforcement Directorate in connection with the alleged liquor policy scam.

    Earlier, India summoned a senior diplomat from the German Embassy and lodged a strong protest over comments on Kejriwal, saying that the Chief Minister is entitled to a fair and impartial trial

    India called it a “blatant interference” in the country’s internal matters.

    (With inputs from IANS)

  • X users with 2,500 verified subscribers to get Premium free

    X premium

    X premiumIANS

    Billionaire Elon Musk on Thursday said that X users who have 2,500 verified subscriber followers will get Premium features for free.

    The Tesla and SpaceX CEO also mentioned that those with over 5,000 verified subscriber followers will get Premium+ for free.

    “Going forward, all X accounts with over 2,500 verified subscriber followers will get Premium features for free and accounts with over 5000 will get Premium+ for free,” the X owner posted.

    The announcement was welcomed by his followers, with some users asking for clarification.

    “This is indeed excellent news. However, I would like to seek clarification: Are you referring to verified followers, or are you discussing subscribers within the context of X subscriptions? If it’s the second option, it seems like I only need 4,796 more subscribers,” one follower commented.

    Elon Musk

    Elon MuskIANS

    Another posted that one may have 100,000 followers but if “subscribers among them is less than 2,500, you don’t get your premium for free.”

    There are over 550 million monthly users on X platform.

    Earlier, in a bid to take on OpenAI’s ChatGPT, Musk said that X platform will soon allow its ‘Grok’ AI chatbot to more paying subscribers.

    (With inputs from IANS)

  • Visually impaired students to get Smart Vision glasses

    Smart Vision glasses

    Visually impaired students to get Smart Vision glassesIANS

    Nearly 30 students with zero vision will get Smart Vision glasses, a device developed by Bengaluru-based startup.

    The tech is attached to a pair of glasses assisting visually impaired (VI) persons in reading, object recognition, face recognition, or as a walking assistant with the help of artificial intelligence and machine learning.

    All one needs is a mobile phone, and Bluetooth neckband provided with the glasses.

    'International White Cane Day' celebrated in Kashmir

    ‘International White Cane Day’ celebrated in KashmirIANS

    “The Shakuntala Mishra Rehabilitation University (SMRU) has witnessed prolonged protests due to unavailability of learning materials. With these glasses, the unsighted will no longer have to struggle for books in Braille or be dependent on a scribe,” said Jitendra Maurya , a visually impaired student.

    The glasses provided by the university in collaboration with Chennai based nonprofit Help and blind Foundation will help a VI person to read printed material written in over 50 scripts without any assistance and enhances their chance of giving a good performance in their exams.

    V S Mishra, head, department of VI at SMRU, said, “Through these glasses, a completely blind student can know the environment around him. These glasses collect information from surroundings and convey it to the VI person in verbal format.”

    These glasses also have a flashlight to help VI students to read books and identify other objects at night.

    To avoid fraud, face detection facilities have also been provided through which students can store photos of teachers, friends, employees, family members, and other people living around them in these smart glasses and whenever that person comes in front of or around, the glasses will recognise them and speak out their name.

    “This type of technology will give new dimensions of success to VI students,” Mishra said.

    (With inputs from IANS)

  • Resolutions of the Annual General Meeting of Detection Technology

    Detection Technology

    Detection Technology Plc firm announcement 27 March 2024 at 16:45 (EET)

    Resolutions of the Annual General Meeting of Detection Technology

    The Annual General Meeting of Detection Technology Plc was held on 27 March 2024 in Espoo, Finland. The Annual General Meeting adopted the monetary statements and resolved to discharge the members of the Board of Directors and the President and CEO from legal responsibility for the monetary 12 months 1 January – 31 December 2023.

    Use of the revenue proven on the stability sheet and the distribution of funds

    The Annual General Meeting resolved {that a} dividend of EUR 0.23 per share for the monetary 12 months 2023 is paid. The dividend shall be paid to shareholders who’re registered in the firm’s register of shareholders, maintained by Euroclear Finland Ltd, on the document date for fee, 2 April 2024. It was resolved that the dividend is paid on 9 April 2024.

    The Board of Directors and the Auditor

    The Annual General Meeting resolved that the Board of Directors consists of six (6) members. Marion Björkstén, Richard Ingram, Henrik Roos and Hannu Syrjälä have been re-elected whereas Amy Chen and Jyrki Vainionpää have been elected as new members to the Board of Directors.

    Authorised Public Accounting agency KPMG Oy Ab was elected as the Auditor of the firm, and Petri Kettunen, Authorised Public Accountant, will act as the Responsible Auditor.

    It was resolved that an annual fastened remuneration of the members of the Board of Directors is paid as follows: annual price of EUR 69,000 to be paid to the Chair, EUR 51,000 to the Vice Chair, and EUR 39,000 to different members of the Board of Directors. It was additionally resolved that the members of the Board of Directors be paid a meeting-specific price as follows: EUR 1,000 to the Chair of the Board of Directors and EUR 500 to the members of the Board of Directors per every assembly held in the dwelling nation of the respective member, and EUR 1,500 to the Chair of the Board of Directors and EUR 1,000 to the members of the Board of Directors per every assembly held elsewhere than in the dwelling nation of the respective member.

    An elected member of the Board of Directors could, at his/her discretion, select to obtain the annual fastened remuneration partly in firm shares and partly in money in order that roughly 40% of the annual fastened remuneration is paid in Detection Technology Plc’s shares. The quantity of shares forming the above remuneration portion, which might be payable in shares, might be decided based mostly on the share worth in the public buying and selling maintained by Nasdaq Helsinki Ltd, calculated as the commerce quantity weighted common citation of the share throughout the one-month interval instantly following the date on which the interim report of January-March 2024 of the firm is printed.

    It was resolved that the members of the Audit Committee and the Remuneration Committee could be paid a gathering price of EUR 500 per assembly. The journey bills of the members of the Board of Directors are compensated in accordance with the firm’s journey guidelines. It was resolved that the remuneration for the Auditor is paid in response to the Auditor’s affordable bill.

    Authorization of the Board of Directors to resolve on repurchase of personal shares and on a share situation and a problem of particular rights entitling to shares

    The Board of Directors was approved to resolve on the repurchase of a most of 732,795 shares in the firm in a single or a number of tranches through the use of funds in the unrestricted shareholders’ fairness. The personal shares could also be repurchased aside from in proportion to the shareholdings of the shareholders, if the Board of Directors deems that there are weighty monetary causes for such directed repurchase, in public buying and selling organized by Nasdaq Helsinki Oy for the market value shaped at the second of buy. The authorization revokes all earlier unused authorizations on the repurchase of shares and is legitimate till the closing of the subsequent Annual General Meeting, nonetheless, not than till 30 June 2025.

    The Board of Directors was approved to resolve on the share situation and the issuance of particular rights entitling to shares as referred to in Chapter 10 Section 1 of the Finnish Limited Liability Companies Act in a single or a number of components, both in opposition to fee or with out fee. The combination quantity of shares to be issued, together with the shares to be obtained based mostly on particular rights, shall not exceed 1,465,593 shares, which corresponds to roughly 10% of the present quantity of all shares in the firm. The Board of Directors could resolve to situation both new shares or to switch treasury shares probably held by the firm.

    The new shares, the particular rights referred to in Chapter 10 Section 1 of the Finnish Limited Liability Companies Act and the personal shares held by the firm could also be issued and transferred to the shareholders in proportion to their present shareholdings in the firm or in deviation from the shareholders’ pre-emptive rights by manner of a directed situation if there’s a weighty monetary purpose for the firm to take action. The deviation from the shareholders’ pre-emptive rights could also be carried out for instance so as to develop the firm’s capital construction, to finance or perform acquisitions, investments or different enterprise transactions, or to make use of the shares as an element of an incentive scheme. A directed share situation could also be executed with out consideration provided that there’s an particularly weighty monetary purpose for the firm to take action, bearing in mind the pursuits of the firm and all its shareholders.

    The Board of Directors may additionally, based mostly on the authorization, resolve on a share situation to the firm itself with out consideration in order that the quantity of personal shares held by the firm after the situation doesn’t exceed 10 % of all shares in the firm. The personal shares held by the firm and its subsidiaries shall be included in the quantity as set out in Chapter 15 Section 11 Subsection 1 of the Finnish Limited Liability Companies Act.

    The Board of Directors is permitted to resolve on all different issues associated to the issuance of shares and particular rights. The authorization is legitimate till the closing of the subsequent Annual General Meeting, nonetheless, not than till 30 June 2025. The authorization revokes all earlier unused authorizations of the Board of Directors to resolve on the issuance of shares and issuance of particular rights entitling to shares.

    The minutes of the Annual General Meeting might be obtainable on the firm’s web site at www.deetee.com newest on 10 April 2024.


    Neel Achary