Advance Lifestyles Ltd Management Discussions.
Pursuant to Regulation 34 read with Schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, detailed review of operations, performance and future outlook of the Company is given hereunder:
a. INDUSTRY STRUCTURE AND DEVELOPMENTS:
The growth in Real Estate Sector is at a very slow pace than expected few years ago and has slowed down. Risk factors also seem to be emerging. In textile, only Spinning Units have succeeded, Composite Units have failed to improve their performance.
b. OPPORTUNITIES AND THREATS:
The Real Estate market has reached to a saturation point. Much will depend on how the Sector reacts to REAL ESTATE REGULATORY Frame work, proposed by the Govt. of India. In textile, the vagaries of monsoon will decide the Cotton prices and ultimately Yarn / Fabric prices and overall market.
c. SEGMENT WISE OR PRODUCT WISE OR PRODUCT-WISE PERFORMANCE:
In view of no major activity in either of the Sector, during the year under review, there is nothing to report.
The Company is contemplating in purchasing a running unit or setting up a textile unit.
e. RISKS AND CONCERNS:
The risks are always attached to a business decision. The Management will have cautious and conservative approach while taking decisions.
f. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:
The Company has adequate system of internal control considering the restricted activities.
g. DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE:
In view of no major activity, there is nothing to report.
h. MATERIAL DEVELOPMENTS IN HUMAN RESOURCES / INDUSTRIAL RELATIONS FRONT, INCLUDING NUMBER OF PEOPLE EMPLOYED:
There is no change number of employees in the employment and therefore nothing is there to report.
g) Disclosures regarding Directors seeking appointment/re-appointment:
|Name of the Director||MR. SOM DUTT VYAS|
|Director Identification Number (DIN)||00026670|
|Date of Birth||18.08.1941|
|Date of Appointment on Board||16.01.2015|
|Qualification||A rich experience of more than 40 years in Commodities, Textile Exports and Marketing.|
|Shareholding in the Company||4910 Equity Shares|
|List of Directorships held in other Companies (excluding foreign, private and Section 8 Companies)||1. Phulchand Exports Private Limited|
|2. PHULCHAND EXIM PRIVATE LIMITED|
|Memberships/Chairmanships of Audit and Stakeholders Relationship Committees across Public Companies||Member-Audit Committee, Nomination, Remuneration Committee, and Member Stakeholders Relationship Committee of Advance Lifestyles Limited.|