kinetic trust ltd Management discussions

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

This Annual Report 2022-23 of Kinetic Trust Limited is made up of the strategic report which includes Report of Board of Directors, Management Discussion and analysis; and the corporate governance report, the financial statements, notes and additional information as required under the Companies Act, 2013 (‘THE ACT) and the Securities and Exchange Board of India (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 (‘LISTING REGULATIONS).

CAUTIONARY STATEMENT

Statements in this Annual Report, particularly those that relate to Management Discussion and Analysis, describing the Companys objectives, projections, estimates and expectations, may constitute ‘forward-looking statements within the meaning of applicable laws and regulations. Although the expectations are based on reasonable assumptions, the actual results might differ.

The year 2022-23 had witnessed several past pace events, punctuated by significant and unpredictable political and economic changes. With global economic recoveries still remaining subdued, the popular disclosure over relentless news of unconventional monetary policy support has now started to pave way for a prudent physical fiscal policy in countries like USA, UK and Japan.

ENVIRONMENT AND SAFETY

The company is conscious of the need for clean and safe environment.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has proper and adequate systems of internal controls commensurate with its size and nature of operations that provides reasonable assurance that all assets are safeguarded, transactions are authorized, recorded and reported properly and applicable statutes and corporate policies are duly complied with. The Internal Audit function reviews the execution of all ongoing projects involving significant expenditure to ensure that project management controls are adequate.

The Audit committee of the Board of Directors is actively engaged in reviewing and overseeing adequacy and effectiveness of internal control systems, financial disclosures and suggests improvements for strengthening them, and reviewing your Companys risk management policies, so that vision and mission of the Company can be achieved.

CAUTIONARY STATEMENT

Statement in this Management Discussion and Analysis describing the companys objective, projections, estimates, expectations or predictions may be "forward looking statements" within the meaning of applicable laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the companys operations, economic conditions, changes in the Government regulations, tax laws and other statutes and other incidental factors.

For and on behalf of the Board

Sd/ -

Rajesh Arora

Director

DIN: 00662396