Apt Packaging Ltd Management Discussions.

Management Discussion and Analysis Report as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Listing Regulations) is annexed with this report.

Industries Structure and Development :-

During the year overall performance of the company is down as compared to previous year. Company is planning to widen the customer base and try to mitigate from the problem and minimize the risk.

Opportunities :-

Focus on the reduction in overall cost and increase in production would impact on the positive performance of the company in upcoming year.

Threats:-

After tremendous burden of the compliance in various laws and GST, it is difficult to concentrate on the company cash flow.

Risk and Concern :-

The replacement of obsolete machineries at Aurangabad plant.

By Order of the Board
Place:- Aurangabad Arvind Machhar Sandeep Machhar
Date:- 14th August, 2019 Managing Director Director
DIN:- 00251843 DIN:- 00251892