Aureate Tradde Ltd Management Discussions

In compliance of Regulation 34(3) and 54(f) read with Schedule V of Securities Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, The Management s views on the Company s Performance and outlook are discussed below:

1. Overall & Business Review:

Aureate Tradde Limited is engaged in the Inventory-based model, which means we purchase and maintain stock in advance, enabling us to efficiently serve a wide array of customers, including small, medium, and large enterprises. By offering a diverse range of products, we cater to wide range of customer base and increase our ability to meet the varied needs of the industries we serve.

Our Company was originally incorporated as a Private Limited Company under the name of MM9 Polytrade Private Limited under the provisions of the Companies Act, 2013 vide fresh Certificate of Incorporation issued by Central Registration Centre dated on August 03, 2018. Subsequently, the name of our Company was changed to Aureate Tradde Private Limited pursuant to the resolution passed by the shareholders at Extra-Ordinary General Meeting held on June 05, 2023 vide fresh Certificate of Incorporation issued by RoC Mumbai dated July 14, 2023. Further, pursuant to the resolution passed by the shareholders at Extra-Ordinary General Meeting held on February 10,2025, the Company was converted into a Public Limited Company, and its name was changed from Aureate Tradde Private Limited to Aureate Tradde Limited vide a fresh Certificate of Incorporation consequentto the conversion was issued by the Central Processing Centre dated April 22,2025.

At present, we are primarily involved in domestic B2B market for trading and distribution of polymer, petrochemicals, Lithium-ion cells and Sodium-ion cells. Additionally, we also operate in B2B and B2C segment for trading and distribution of Electric Vehicle Chargers. Through our strong relationships with suppliers and customers, we have built a reliable and efficient custome. Our business is based on prudent inventory management, disciplined financial control, strict Quality Assurance Standards and a deep understanding of our customers needs.

At present, our Company is the sole and exclusive distributor of Sodium-ion Cells in PAN India, for a well-established international Manufacturing Company i.e. Jianghu Highstar Battery Manufacturing Co., Ltd. specialized in the R&D, production, and sales of secondary chemical power and related compounds.

Our Company is procuring quality products of polymers and other petro chemical products from well-established vendors for stance Lyondellbasell .

2. Economic Outlook:

The Company s diversified product portfolio comprising polymers and petrochemicals, lithium-ion and sodium-ion cells, and electric vehicle chargers enables it to cater to diverse industrial and emerging mobility segments. Its inventory-led, asset-light business model, supported by established supplier relationships and efficient inventory management, facilitates operational flexibility and wider market reach.

The Company s exclusive Pan-India distribution rights for sodium-ion cells, along with its presence in the electric mobility segment, provides significant opportunities for business expansion and revenue diversification. The Company s emphasis on product quality, prudent inventory management, financial discipline and strong customer relationships is expected to support sustainable growth and long-term value creation.

3. OPPORTUNITIES AND STRENGTH:

> Diversified Product Portfolio

As our Company serves a broad product offering across different sectors, including polymers, petrochemicals, EV Vehicle chargers, lithium-ion and sodium-ion cells. This diversification allows us to tap into multiple high-growth industries, reducing dependency on any single market and ensuring stable revenue streams.

> Established Relationships with Suppliers and Customers

Our Company has built strong, long-term relationships with suppliers and customers, which provides a competitive edge in terms of favorable terms, repeated business, and customer loyalty. These relationships help strengthen our reputation in the market.

> Adaptability and Flexibility

Our Company has shown the ability to adapt by entering new and growing sectors like EV Vehicle chargers. This flexibility helps us stay competitive and prepared for future changes in technology and market demand.

4. THREATS AND RISK:

> Intense Competition

The market is becoming increasingly competitive, with both local distributors and international manufacturers competing for market share, leading to aggressive pricing strategies and a wide range of choices for customers.

> Supply Chain Disruptions-

Our reliance on international suppliers for materials and finished goods, exposes us to potential threat of supply chain disruptions. Global shortages, geopolitical tensions or natural disasters could significantly impact production schedules and product availability.

> Regulatory and Policy Risks

Changes in government regulations, import duties, or local manufacturing incentives can directly impact our costs, profitability and ability to compete. For instance, changes in GST laws, import duties or subsidy schemes for electric vehicles and energy storage could disrupt business plans.

5. Product wise performance:

During the financial year under review, the Company continued its operations across its principal business verticals, namely polymers and petrochemicals, lithium-ion and sodium-ion cells, and electric vehicle chargers. The Company s product portfolio enabled it to cater to customers across the plastics, electric mobility and e-mobility infrastructure sectors.

The Company continues to focus on strengthening its presence across these segments through efficient sourcing, prudent inventory management and expansion of its customer and supplier network. The addition and development of sodium-ion cells and EV charging solutions provide further opportunities for product diversification and future business growth.

6. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The Company has strong internal control procedures in place that are commensurate with its size and operations. This ensures that all transactions are authorized, recorded and reported correctly. Regular internal audit and checks are carried out to ensure the robustness of the system.

7. FINANCIAL PERFORMANCE:

During the year under review, the Company has total operational Income of Rs. 1,51,93,33,000/- and the Company has earned profit of Rs. 2,57,42,000/- during the year ended 31.03.2026.

The Board assures that the management will leave no efforts untouched to increase the profitability of the company gradually and to maintain the consistency of attained results in the fourth coming years.

Particulars	As on 31st March, 2026	As on 31st March, 2025
Revenue from Operations	15029.93	17440.60
Other Income	163.40	221.38
Total Income	15193.33	17661.98
Profit/(Loss) Before Tax	709.05	346.04
Debt Equity Ratio	1.85	2.47
Current Ratio	1.19	1.31
Interest Coverage Ratio	6.80	3.62
Net Profit Margin	4.45%	4.45%

8. COMPETITION:

We operate in a highly competitive market, across multiple sectors, including polymers, petrochemicals, lithium-ion and sodium-ion cells and EV vehicle chargers. Our primary competitors include other distributors of polymer products and associated materials. In the rapidly growing EV segment, we also compete with companies supplying EV chargers and batteries.

We intend to continue competing and capturing market share, by focusing on efficient distribution, strong customer relationships, diverse range of products and commitment to high-quality products will help us stay ahead and continue to grow.

Our aim is to provide branded, standardized and uniform quality products at competitive prices to our consumers. There is no listed company which is dealing in similar business segments/ products as are our Company. However, since majority of our revenue of operations is derived from Polymers & other petro chemicals, thereby, we are considering Bhavik Enterprises Limited as our Peer Competitor. Accordingly, it is not possible to provide a comparison of key performance indicators of industry with our Company.

9. HUMAN RESOURCES:

Human resource is an asset to any industry. We believe that our employees are the key to the success of our business and hence we have a structured organization plan to take care of the growth and motivation aspects of our team. Our manpower is a prudent mix of experienced and young personnel which gives us the dual advantage of stability and growth. Our work processes and skilled resources together with our strong management team have enabled us to successfully implement our growth plans.

10. CAUTIONARY STATEMENTS:

All statements made in Management and Discussion Analysis have been made in good faith. Many unforeseen factors may come into play and affect the actual results, which may be different from what the management envisages in terms of performance and outlook. Factors such as economic conditions affecting demand/supply and priced conditions in domestic & international markets in which the Company operates, and changes in Government regulations, tax laws, other statues and other incidental factors, may affect the final results and performance of the Company.

By order of the Board of Directors
For Aureate Tradde Limited

Sd/-	Sd/-
Kalash Kevin Shah	Punit Devendrabhai Shah
Managing Director	Director
DIN:07611397	DIN:08638245

Date: 07.09.2026
Place: Mumbai