Anka India Ltd Management Discussions

The Global Economy remains in an unpredictable state and highlights a multitude of challenges amid the prolonged effects of the overlapping negative shocks of the US tariffs on India, the Russian Federations invasion of Ukraine, and the sharp tightening of the monetary policy. However, amid the global uncertainties, India has outperformed, reflecting the robust of domestic consumption and lesser dependence on global demand.

Forward Looking Statement

Forward-looking statement reflects the current expectations regarding future results of operations. Actual results, performances or achievements could differ materially from those expressed or implied in such forward-looking statements. Shareholders are cautioned not to place undue reliance on these forward-looking statements that speak only as of their dates. This Report should be read in conjunction with the financial statements included herein and the notes thereto.

Business Overview

As you aware that the Company has acquired the Futech Internet Private Limited by swapping of 3,61,54,529 (Three Crore Sixty One Lakh, Fifty- Four Thousand Five Hundred Twenty Nine) Equity Shares of face value of Rs. 10/- (Rupees Ten) each, fully paid-up, ("Equity Share") at an Issue Price of Rs. 17 (Rupees Seventeen only) per equity share of the Company and now Futech Internet Private Limited has become wholly owned subsidiary of the Company which is engaged in the business Advertising & Marketing and having the revenue of Rs 1,296.02 lakhs as on 31/03/2025 and Rs 589.05 Lakhs as on 30/06/2025.

The above swapping of shares to Amit Sharma and Arjit Sachdeva have triggered the obligation to make an Open Offer in terms of Regulation 3(1) and Regulation 4 of SEBI SAST Regulations. Thus, post completion of Open Offer, Amit Sharma and Arjit Sachdeva would be classified in the Promoter Category and existing Promoter & Promoter Group (individuals & entities) would be re-classified as public category of the Company. The new promoters are having immense experience in the field of IT, Advertising & Marketing and their experience will help the Company to achieve its long term objectives and this will lead to achieve new heights.

Further Board has also decided to merge the Futech Internet Private Limited and accordingly is in process to file necessary merger application with the relevant authorities.

The proposed merger aims to consolidate operations, unlock value, achieve economies of scale, and reduce costs by eliminating duplication of functions. It is expected to strengthen the combined entitys market position, enhance growth prospects, improve financial and resource mobilization, and leverage infrastructure, facilities, and human resources more effectively. The merger will simplify legal and regulatory compliances, provide better access to funding, enhance shareholder value, and align business strategies for sustainable growth, ultimately benefiting shareholders, creditors, employees, and all stakeholders.

OPPORTUNITIES AND THREATS

As you are aware of the current recessionary conditions prevailing in the market coupled with the cut throat competition, Continuous change, it becomes difficult to grab the new opportunity. Government Policy on relaxing the Foreign Direct Investment limits in the different areas will allow many Multi-National Companies to enter into the Indian Market, which might pose as a probable risk, since the Company will be competing with the International Players as well.

Future Outlook

As it has been already mentioned above the company is exploring new markets keeping in mind the new objects to be undertaken and efforts are being made to initiate the new ventures as early as possible

Risks & Concerns

Every business faces risks involved in it operations, which could be internal as well as external. The external factors like negative shocks of the pandemic, the Russian

Federations invasion of Ukraine, and the sharp tightening of the monetary policy and the increase in Inflation is affecting every Countrys business directly or indirectly. But at the same time the Company is quite hopeful that things will change in the upcoming days the consumption and Growth of India by laying out friendly business and Industrial Policies.

The Company has a control over its internal factors but may not have much control over such external factors; however it is important to address these risks & concerns to mitigate their overall impact on the business. Realistic risk assessment and Management approach along with the regular monitoring mechanism in the Company ensures that these risks are duly addressed and well managed. High focus on safety of our manpower continuity and proactive Management of related business environment are essential for the risk management in the overall supply chain and business in general.

Internal Control System & Their Adequacy

The Company has adequate system of internal controls to ensure that all activities are monitored and controlled as well as transactions are authorized, recorded and reported correctly. The Company has effective budgetary control system and the actual performance is reviewed with reference to the budget periodically by the Management. The Company ensures adherence to all internal control policies and procedures as well as compliance with all regulatory guidelines, which are supplemented by internal audit regularly. The Audit Committee of the Board meets on quarterly basis and reviews the internal control systems as well as financial statements.

Human Resources/Industrial Relations

The company lays due emphasis on sound Human Resource Management practices and appraisal systems with focus on cordial employer-employee relations to ensure higher level of productivity and operational efficiency. Adequate efforts have been made to strengthen and develop its human resources as a key strength through continuous training inputs and focused development plan.

ANALYSIS OF FINANCIAL PERFORMANCE AND OPERATIONAL PERFORMANCE

The accompanying financial statements have been prepared in accordance with the requirements of the Companies Act, 2013 and Generally Accepted Accounting Principles and Accounting Standards prevailing in India.

A. FINANCIAL CONDITIONS

Fixed Assets

At the end of the year, Companys investment in fixed assets was as under:

Year ended March 31st	2020	2021	2022	2023	2024	2025
Gross Block (Rs. in 000)	58	58	58	228	228	245

The composition and growth of assets was as under: [Rs. in 000]

Particulars	March 31,	March 31,	March 31,	Growth
	2025	2024	2023	%
Land	-	-	-	-
Buildings	-	-	-	-
Plant & Equipments	-	-	-	-
Electrical Fittings &	-	-	-	-
Installations
Office Equipments	245	228	228	7.45%
ERP Software	-	-	-	-
Furniture & Fixtures	-	-	-	-
Vehicles	-	-	-	-
Total	245	228	58	7.45%
Less: Acc. Depreciation	195	140	79	-
Add: CWIP	-	-	-	-
Net Fixed Assets	51	149	17	-

CURRENT ASSETS LOANS & ADVANCES

Inventories

Inventories include stock of raw material, consumables, work-in-progress, finished goods and packing material. Total inventories were as on 31/03/2025 was Rs. 2,250 (In thousand) representing 1.5 % of the fixed assets.

Sundry Debtors

Sundry debtors were Rs. nil lacs as at 31st March, 2025 as against Rs nil lacs as at 31st March, 2024 Debtors as a percentage of total operating revenue were nil % for the current year as against nil% for the previous year.

Cash and Bank Balances

Cash and bank balances were 2.21% of total assets as on 31^st March, 2025 as against 0.61% as on 31^st March, 2024.

Loans & Advances

Loans & Advances, advance taxes and security deposits. Advances recoverable in cash or kind or for value to be received are mainly towards amount paid in advance for value and services to be received in future. Security deposits mainly represent deposit for electricity.

Net Deferred Tax Assets

Deferred tax liabilities of Rs. nil lacs represent closing balance of net deferred tax liabilities after adjusting total deferred tax assets and deferred tax liabilities as on 31.03.2025. It has been calculated in accordance with Accounting Standard -22 "Accounting for Taxes on Income" issued by the Institute of Chartered Accountants of India.

CURRENT LIABILITIES & PROVISIONS

Current Liabilities

Sundry Creditors include amount payable to vendors for supply of goods and services. Advances from customers represent amount for which material has not yet been delivered. Other liabilities include amounts payables to staff/workers for earned leave, bonus, salary and overtime besides taxes.

B. RESULTS OF OPERATIONS

The summary of operating performance for the year is given below:

(Rs.in 000)

Particulars	Year ended		Year ended
	March 31, 2025	March 31, 2024
	Amount	%	Amount	%
INCOME
Income from operations	-	-	-	-
Other income	6,391	100	5,734	100
Total Income	6,391	100	5,734	100
EXPENDITURE
Raw Material Consumed	-	-	-	-
Purchase of Stock in Trade	-	-	-	-
(Increase)/Decrease in stock	-	-	-	-
Finance Cost	25	0.82	-	-
Depreciation	55	1.79	61	4.00
Payment & Benefit to Emp.	240	7.87	210	13.69
Administrative, Selling & Other Expenses	2,731	89.52	1263	82.31
OPERATING EXPENSES	-	-	-	-
EXTRAORDINARY ITEM	-	-	-	-
EBDIT	3,341	100	4200	100

Foreign Exchange Earnings & Outgo: During the year under review the Company earned nil foreign Exchange and nil amount was spend in Foreign Exchange.

Disclosures with respect to demat suspense account/ unclaimed suspense account

The unclaimed shares lying in the possession of the Company are required to be dematerialized and transferred into a special demat account held by the Company. Accordingly unclaimed shares lying with the Company have been transferred and dematerialized in an ‘Unclaimed Suspense Account" of the Company. This Account is being held by the Company purely on behalf of the shareholders entitled for these shares.

It may also be noted that all the corporate benefits accruing on these shares like bonus, split etc., if any, shall also be credited to the said ‘Unclaimed Suspense Account and the voting rights on these shares shall remain frozen until the rightful owner has claimed the shares.

Shareholders, who have not yet claimed their shares are requested to immediately approach the Registrar & Transfer Agents of the Company by forwarding a request letter duly signed by all the shareholders furnishing their complete postal address along with PIN code, a copy of PAN card & proof of address, and for delivery in demat form, a copy of Demat Account Client Master Report duly certified by the Depository Participant (DP) and a recent Demat Account Statement, to enable the Company to release the said shares to the rightful owner.

As per the provisions of Schedule V (f) of SEBI Listing obligation and Disclosure requirement, 2015 the status of equity shares lying in the Suspense Account is given below:

Sl. Particulars No.	No. of Share- holders	No. of equity shares held
1. Aggregate number of shareholders and the
outstanding shares in the suspense account lying at the beginning of the year	185	25,000
2 Number of shareholders who approached listed entity for transfer of shares from suspense account during the year	-	-
3 Number of shareholders to whom shares were transferred from suspense account during the year	-	-
4 Aggregate number of shareholders and the outstanding shares in the suspense account lying at the end of the year	185	25,000