Aakash Exploration Services Ltd Management Discussions.

i) Industry Structure and Development

The Management team comprising one of the Director is looking after day to day management of the company.

ii) Opportunities and Threats

There is a considerable scope of growth in the business for which the management will puts all efforts to increase the business of the company.

iii) Outlook

Aakash Exploration got a "Certificate of Commitment" from Central Vigilance Commission for adopting the integrity pledge and is committed to uphold highest standard of integrity and good governance and to follow ethical practices in conducting its activities. Company is committed to making investments in technology innovation and drilling in a phased manner. The Company is actively pursuing Rig services, Mobile Air Compressor, Mobile Pumping and Mobile Streaming services across the India. These can add to the production / life cycle of the wells and help the Company in achieving its volume growth objectives in the coming years. iv) Risk & Concerns

? Scarcity of skilled personnel in market.

? Material Risk as not being able to procure right configuration units in timely manner. ? Dependency on few clients. v) Internal Control system and their adequacy The Company has a proper and adequate system of internal control and ensures that all assets are safeguard and protected against from unauthorized use or disposition, which has been looked after by Vipul Haria, Managing Director of the Company. vi) Financial performance with respect to operational performance

The Financial performance of the Company for the year 2019-20 is described in the

Directors Report under the head overview of Companys financial performance. vii) Human Resources/ Industrial Relations Relation between management and the employees at all level remained healthy and cordial throughout the year. The management and the employees are dedicated to achieve the corporate objectives and the targets set before the company. viii) As there are no Significant Change (i.e. change of 25% or more) in the Key financial ratios, the details of the same are not been provided. ix) Cautionary Statement

Statement in this management Discussion and Analysis describing the companys objectives, projections, estimated and expectations are "forward looking statements"

Actual results might differ, materially from those anticipated because of changing ground realities.

For Aakash Exploration Services Limited
Date: 28/08/2020
Place: Ahmedabad
Vipul N. Haria Hemang N. Haria
Chairman Managing Whole Time
Director Director
DIN: 01690638 DIN: 01690627