Ashirwad Steels & Industries Ltd Management Discussions

As per SEBI disclosure regulation 34(3) and schedule V (clause-B) (For the Financial Year ended 31^stMarch,2025)

During the financial year 2024-2025; the company did not have any trading or industrial business and hence the company has nothing to report under this head.

For the reasons and facts as stated above in sub para (a),the company has nothing to report under this head.

For the reasons and facts as stated above in sub para (a),the company has nothing to report under this head.

For the reasons and facts as stated above in sub para (a),the company has nothing to report under this head.

The company s business of making investments in shares and securities and lending of money which carry certain degree of risk which cannot be assessed or quantified as it depends on several unpredictable reasons and factors.

The Company has proper and adequate system of internal controls commensurate with its size and nature of operations to provide reasonable assurance that all assets are safeguarded, transactions are authorized, recorded and reported properly and applicable statutes are duly complied with. The Company has constituted an Audit Committee to monitor the adequacy and efficacy of internal control systems.

The adequacy of these compliances and their effectiveness is subject to statutory audit and the same has been adequately reported by the Auditors in their report as required under the relevant provisions of the Companies Act, 2013. The Company also has an Internal Audit System.

During the financial year 2024-2025, the Company s operational financial performance has been satisfactory, the Company s revenue from operations stood at Rs. 173.76 lacs (previous year Rs. 158.52 lacs) and the other income stood at Rs. 249.49 lacs (previous year Rs. 281.42 lacs) and hence the total income stood at Rs. 423.25 lacs (previous year Rs. 439.94 lacs). The Other Comprehensive Income (OCI) for the year stood as Rs. -3.25 lacs, (net of taxes) (previous year Rs. 21.31 lacs). The total comprehensive income for the year stood at Rs. 225.39 lacs (previous year Rs. 246.82 lacs).

Your Directors recognize the value of employees as valuable assets. Developing, motivating, and retaining talented employees is a key responsibility and policy of your Company s management. The total no. of people employed by the company was seven as on year end.

The reader of the relevant statements mentioned herein above must read and understand the same with due understanding and necessary caution as they may be forward looking and prone to change in the dynamic economic environment and tax regime.