Asia Pack Ltd Management Discussions.

Global economy:

In response to disruptions from the global pandemic, many central banks in emerging market and developing economies employed asset purchase programs for the first time in their history. These programs were successful in lowering bond yields without triggering currency depreciations. Despite the pandemic, the global economy is set to expand by 5.6% in 2021, its strongest growth in 80 years. This recovery is uneven and largely reflects sharp rebounds in some major economies. The global outlook is subject to significant downside risks, including the possibility of additional COVID-19 waves and financial stress amid high debt levels of Emerging Market and Developing Economies (EMDEs). Policy makers will need to support the recovery while safeguarding price stability, fiscal sustainability and to continue efforts towards promoting growth-enhancing reforms.

Indian Economy:

Indias GDP growth stands at 7.3 percent for financial year 2020-21 and the Reserve Bank of Indias projections indicate a strong revival of the economy with GDP growth expected to be at 10.5 per cent for financial year 2021-22. This trend is already visible in quarterly GDP movement during 2020-21, with GDP moving from a contraction of 24 percent in Q1-21 to a growth of 1.6 per cent during Q4-21 despite the disruptions caused by the ongoing second wave of the pandemic. However, we need to review and monitor with great caution, the short-to-medium term impact of the second and a probable third wave of the pandemic while continuing to work on more efficient ways of tackling its economic impact.

Industry structure and developments:

Real estate sector is one of the most globally recognized sectors. It comprises of four sub sectors - housing, retail, hospitality, and commercial. The growth of this sector is well complemented by the growth in the corporate environment and the demand for office space as well as urban and semi-urban accommodations.

It is also expected that this sector will incur more non-resident Indian (NRI) investments in both the short term and the long term.

Opportunities:

1. Implement the new technologies in an effective way.

2. Weakening of the competition.

3. Strategic real estate visibility.

4. An effective use of the new ways of communication.

5. International real estate strategy.

Threats:

1. Take on high levels of risk.

2. Changes of the real estate positioning environment.

3. Changes in the real estate market.

4. Changes of the potential buyers preferences.

5. Eventual legal modifications.

The applicability of this model will depend on the particular necessities of every real estate, but it can also be used for:

1. Exploring possible solutions to different problems.

2. Detecting which are the weaknesses of the real estate.

3. Increasing the individual and collective level of productivity.

4. Taking more accurate decisions.

5. Modifying strategies.

6. Discovering new opportunities of this business.

7. Strengthening individual and collective abilities.

8. Managing the real estates resources in a better way.

9. Speeding up the internal and external managing processes.

10. Getting to the potential clients in a more effective way.

Segment-wise or product-wise performance:

The Board has clearly mentioned the performance of product-wise service in Point VI of Note 23: Additional and other information of the Financial Statement.

Outlook:

As the real estate sector continues to tackle the existing issues created by the aftershocks of the liquidity crisis and resulting disruption of COVID19, we see an opportunity for well established players in the industry. The start of FY2021 may be muted due to the lockdown and subsequent impact on economy, but we believe our strong project pipeline and healthy balance sheet will help maintain operational performance going ahead. The pace of consolidation in the sector is also expected to accelerate further and we expect to gain market share. Also, amidst CODIV19 and prevailing liquidity crunch, the visibility on business development is getting stronger and we hope to add several projects to our portfolio in FY2021. Our focus on real estate market, strong brand and existing portfolio leaves us on a strong foot to take advantage of this opportunity.

By Order of the Board of Directors
For Asia Pack Limited
Sd/- Sd/-
Name: Prakash Chandra Purohit Name: Pushpendra Jain
Designation: Director Designation: Additional Director
DIN : 01383197 DIN : 03228950
Date: 12th August, 2021 Address: Village-Uper Ki Oden, Teh- Nathdwara, Address: 8-9, Pragati Nagar, Shobhagpura,
Place: Nathdwara Rajsamand, Rajasthan, India , PIN-313301 Udaipur, Rajasthan, India, PIN-313011