Vogue Textiles Ltd Management Discussions

INDUSTRY STRUCTURE AND DEVELOPMENT

In the year under review the outlook for the industry as a whole has improved comparing to the previous years but both domestic and overseas markets are yet to pick up a reasonable demand.

FINANCIAL PERFORMANCE

The small demand for the kind of product your company makes and is having stocks, was there during the year, hence sales were improved.

INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY

Your company is committed to ensure that assets are safeguarded and protected against loss from unauthorized use and disposition, and the transactions are authorized and reported correctly. The Company has in place adequate internal control systems to ensure compliance with policies & procedures to ensure accuracy and transparency in financial results.

HUMAN RESOURCE DEVELOPMENT AND INDUSTRIAL RELATIONS

The relations with the employees continued to be cordial during the year and efforts remained to provide a good & harmonious working environment.

OPPORTUNITIES / THREATS / RISK / CONCERNS

Emerging opportunities in newer markets are not that strong at the moment and major markets for Indian textiles,

North America & European Union are not showing encouraging trend due to tariff uncertainties and ongoing conflicts in Europe and West Asia . Unless the established markets get into growth trajectory in coming months, situation continues to be unpredictable.

OUT LOOK

As the business of your Company depends on growth in overseas markets, Company has to keep putting efforts to expand product & country profile which is a gradual process. This current year also seems gloomy due to war between Russia and Ukraine at one hand and in West Asia on the other. Also 50% tariff imposed by the USA will further impact our sales.