gsb finance ltd Management discussions

<dhhead>MANAGEMENT DISCUSSION AND ANALYSIS: </dhhead>

ANNEXURE V

OVERVIEW

Presently, the Target Company does not have any major business activities. The revenue of the Company for the current financial year is from Trading and Commission.

Industry Structure and Developments:

The Trading Companies are effected by transportation. The Government policies and business Scenario improved sentiments of investors, resulting in the steep increase in Sensex and Nifty and decline in Interest rates.

Regulations:

The Money & Capital Market is regulated by stringent rules and regulations of the Securities Exchange Board of India (SEBI), the Stock Exchanges and Reserve Bank of India. This helps in reviving the trust of investors in Indian market in time of crisis.

Opportunities and threats:

The Government is committed to encourage the healthy growth of Capital Market for development of the Economy. The market regulators are also concerned in regaining the confidence of investors Segment wise or product wise performance:

Outlook:

Your Directors are of the opinion that new government’s agenda of development and creating jobs for young generation will stimulate the growth. Considering the huge population and change in consumers’ spending pattern,

Indian economy is bound to grow in coming years.

Risk and concerns:

In the opinion of your Directors, the highest risk is the increasing competition and entry of unorganized players in the market.

Internal control systems and their adequacy:

Considering the scale of activities of the Company, the internal control systems are adequate.

Discussion on financial performance with respect to operational performance:

The financial performance with respect to operational performance of the Company is satisfactory.

Material developments in Human Resources/Industrial Relations front including number of people employed: Industrial relations continued to be harmonious. The employees are the key assets and the backbone of the Company and hence great emphasis has been laid on optimizing their performance. The Company provides employees with fair and equitable work environment and supports them to develop their capabilities. There were total 04 employees (including payroll and others) of the Company as on 31.03.2023.