Ambo Agritec Ltd Management Discussions

The report contains forward looking statements, identified by words like plans, will expect, will anticipate, and intends, estimates, projects and so on. All statements that address expectations or projections about the future, but not limited to the companys strategy for growth, product development, market position, expenditure and financial results are forward looking statements. They are based on certain assumption and expectation of future events, the company cannot guarantee that these are accurate or will be realized. The companys actual results, performance or achievement could thus differ from those projected in any forward looking statements. The company assumes no responsibility to publicly amend, modify or revise any such statement on the basis of subsequent development, information or events.

The Company began its journey with manufacturing of biscuits under the brand name “Sunny Biscuits”. The focus was to sell the biscuits in the rural markets of eastern part of India. In just a few years of operation it expanded its production and launched another premium brand of biscuits under the brand name “Happy Bite” for the semi urban markets. The company made a phenomenal growth since its inception, and has excellent market acceptance.

Moving forward, AMBO has focused on new expansions & diversification to drive its business in Indian & overseas markets. Today the product portfolio includes: premium biscuits, potato chips, extruded snacks, edible oils, cakes, salted snacks and specialty packed food items. For enduring steady growth profile, diverse commodities and openings up new markets remains a perennial target for AMBO.

AMBO is recognized as one of the most dependable & trusted business firms from this part of the country. Currently it has several registered brands under its banner i.e. Happy Bite biscuits & chips, AMBO Gold Vanaspati, Happy Heart and Ambo edible oils & Max Health specialty food products.

AMBO is one of the leading manufacturers of biscuits from Eastern India. It has been selling biscuits in its brand "Happy Bite" & "Ambo Biscuits", which have been a perennial favorite since inception. AMBO has operated in the new age sharply ruled by the dazzling pace technology, poised to catch emerging trends thus improving quality standards, where fully automated ovens bake the biscuits round the clock, which are packed in the packaging machines automatically. We believes in giving new & different varieties to our consumers time to time, therefore our R&D team keeps inventing new flavor and variety to cater to the market. Biscuit Packaging Facility. The Companys vision and mission for the future are:

To come up with unique affordable food products in order to meet the necessity of a family just when they need them. Gradually cover all the nostalgic food products to satiate the sentimental reminiscence of Bengali community and spread them across India. We have plans to commence our international presence by 2026 once we complete our food products profile to target the Bengali community living abroad. To strive for excellence in our food products in terms of quality and make our brands most preferred choice for our customers.

The Indian economys growth juggernaut remains intact despite global upheaval. India has now become the worlds fourth largest economy with the highest GDP growth rate among major economies. The Reserve Bank of India has also provided a significant boost to the economy with a 100 bps rate cut in 2025 signaling the central banks strong intent to stimulate credit demand and revive economic activity by lowering bowering costs.

Management has put in place effective Internal Control Systems to provide reasonable assurance for:

Safeguarding Assets and their usage. Maintenance of Proper Accounting Records, and

Adequacy and Reliability of the information used for carrying on Business Operations.

Key elements of the Internal Control Systems are as follows: (I) Existence of Authority Manuals and periodical updating of the same for all Functions. (ii) Existence of clearly defined organizational structure and authority. (iii) Existence of corporate policies for Financial Reporting and Accounting. (v) Existence of Annual Budgets and Long Term Business Plans. (vi) Existence of Internal Audit System. (vii) Periodical review of opportunities and risk factors depending on the Global / Domestic Scenario and to undertake measures as may be necessary.

The Company has appointed an Internal Auditor to ensure compliance and effectiveness of the Internal Control Systems.

The Audit Committee is regularly reviewing the Internal Audit Reports for the auditing carried out in all the key areas of the operations. Additionally the Audit Committee approves all the audit plans and reports for significant issues raised by the Internal and External Auditors. Regular reports on the business development, future plans and projections are given to the Board of Directors. Internal Audit Reports are regularly circulated for perusal of Senior Management for appropriate action as required.

Human Resource Development (HRD) is the framework for helping employees develop their personal and organizational skills, knowledge, and abilities. To enrich the skills of employees and enrich their experience, the Company arranges, Practical Training Courses by Internal and External Faculty. The Industrial Relations encompasses the relationship between the management and workmen. IR plays a significant role in todays working scenario where the harmonious relationship between the employers and employees is needed to have an uninterrupted production.

Statements in the Management Discussion and Analysis and Directors Report describing the Companys strengths, strategies, projections and estimates, are forward-looking statements and progressive within the meaning of applicable laws and regulations. Actual results may vary from those expressed or implied, depending upon economic conditions, Government Policies and other incidental factors. Stakeholders are cautioned not to place undue reliance on the forward looking statements.