priya ltd Management discussions

The information required in compliance of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and forming a part of the Directors’ Report for the year ended 31^st March, 2023.

OVERVIEW OF THE ECONOMY:

Electronics sector growth is accelerated by increased consumer spending around the world. As developing economies grow, consumer demand for electronics also grows. Countries that produce electronics now have strong consumer bases that can afford new electronic products. At the same time, increased competition is driving the costs of electronics production down, making products even cheaper for individuals.

OPPORTUNITIES AND THREATS:

I) OPPORTUNITIES

As of now there is no opportunities in business due to no operation activity in Company and Non Performing Assets (NPA) bank accounts of the Company and the Company net worth becoming Negative day by day. During the financial year no operation in business and in coming future period the company not foreseeing any opportunities in business till settlement of all outstanding dues of the banks and Financial Institutions.

II) THREATS

Due to non-operation of business and NPA bank accounts of the Company, will face much more complications in business.

SEGMENT-WISE PERFORMANCE

As per Accounting standard AS-17, the business of the Company falls under only one segment of business; hence segment report is not applied.

FUTURE OUTLOOK

All business segment affects very badly and global revival of that is the major responsibility and much more efforts required are at individual and economical level.

RISK AND CONCERNS

In this period company lost all important clients resulting losses in business. The hardware business is very customer specific and it is very difficult to regain business once it is lost. We are not sure whether we can revive hardware business also due to the One Time Settlement (OTS) proposed with Banks at present.

INDUSTRY OUTLOOK

Extremely challenging times ahead to sustain existing business due to company bank accounts are NPA and received notices from DRT.

DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE

During the year under the review no revenue in the current and previous year. During the year the Company has incurred Net loss of Rs. 397.29 Lakhs as against Net loss of Rs. 404.70 Lakhs in the previous year.

The Earning per share (EPS) of the Company was negative for current year as well as previous year.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

Commensurate with the size and nature of operations, the Company has adequate system of internal control and procedures covering all financial and operating functions. It believes that a good internal control framework is one of the most indispensable factors of Corporate Governance. The audit committee supervises all aspects of internal functioning and advise corrective action as and when required.

INDUSTRIAL RELATIONS AND HUMAN RESOURSE DEVELOPMENT

Industrial Relations continued to be harmonious and cordial throughout the year. The Company always valued its Human Resources and believes in unlimited potential of each employee.

CAUTIONARY STATEMENT

Statement in this management discussion analysis describing the Company’s objectives, projections, estimates, expectations may be forward looking within the meaning of applicable securities-laws and regulations. Actual results may differ materially from those expressed in the statement. Important factors that could make difference to Company’s operations include economic conditions affecting the domestic market and the overseas markets in which the Company operates, changes in the Government regulations, tax laws and other statutes and other incidental factors.