BAMPSL Securities Ltd Management Discussions.

We have pleasure in submitting the management discussion & analysis report on the companys business. We have attempted to include discussions on all specified matters to the extent relevant, or within such limits that in our opinion are imposed by the companys own competitive position and market conditions in all areas of the companys operations.

• FORWARD-LOOKING STATEMENTS

This report contains forward-looking statements based on certain assumptions and expectations of future events. The Company, therefore, cannot guarantee that these assumptions and expectations are accurate or will be realized. The Companys actual results, performance or achievements can thus differ materially from those projected in any such forward-looking statements. The Company assumes no responsibility to publicly amend, modify or revise any forward looking statements, on the basis of any subsequent developments, information or events.

• INDUSTRY STRUCTURE AND DEVELOPMENTS

The company is engaged in the business of dealing and investing in shares and other securities along with financial services like spot financing, short term financial accommodation, and in other similar financial sector.

• OPPORTUNITIES AND THREATS

Our strength is our determination and team work, weakness is the low equity base, opportunities are multiples and threats are the vibrations in the economy and government policies.

The financial highlights are as under:

(In Rs.)
2018-2019 12,96,86,101.08
Profit after tax (9,69,272.29)

• SEGMENT WISE REPORTING

During the year under review, Company has achieved all sales through the business of dealing and investing in shares and other securities along with financial services like spot financing, short term financial accommodation, long term financial accommodation, and in other similar financial sector.

• OUTLOOK

As on 31st March, 2019, the issued, subscribed and paid up share capital of the company stood at Rs. 34,03,51,600 comprising 34,035,160 Equity shares of Rs. 10 each. The Sales during the year 2018-19 is Rs.12,96,86,101.08.

• RISKS AND CONCERNS

In any business, risks and prospects are inseparable. As a responsible management, the Companys principal Endeavour is to maximize returns. The Company continues to take all steps necessary to minimize its expenses through detailed studies and interaction with experts.

• INTERNAL CONTROL AND THEIR ADEQUACY

The Company has adequate internal control system, commensurate with the size of its operations. Adequate records and documents are maintained as required by laws.

The Companys audit Committee reviewed the internal control system. All efforts are being made to make the internal control systems more effective. The company has strong internal control system which has contributed all around advantages to the members and all other associates with the affairs of the company.

• DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE

For F.Y. 2018-19, Companys Profit after tax stood at Rs. (9,69,272.29)and the Revenue during the year 2018-19 is Rs.12,96,86,101.08

• MATERIAL DEVELOPMENTS IN HUMAN RESOURCES/INDUSTRIAL RELATIONS FRONT, INCLUDING NUMBER OF PEOPLE EMPLOYED

The Company has sufficient well trained number of staff to handle the day-to-day business operations. Strength of the business of an institution solely depends on the skill and competitiveness of its workforce. The company has specialized personnel in all areas of its operations, which strength is reflected by the financial results under report.

• CAUTIONARY STATEMENT

Statement in this Managements Discussion and Analysis detailing the Companys objectives, projections, estimates, estimates, expectations or predictions are "forward-looking statements" within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied.

DECLARATION AFFIRMING COMPLIANCE OF PROVISIONS OF THE CODE OF CONDUCT

To the best of my knowledge and belief and on the basis of declaration given to me, I hereby affirm that all the Board members and the senior management personnel have fully complied with the provisions of the code of conduct for Directors and Senior Management personnel during the financial year ended 31st March, 2019.

For Bampsl Securities Limited
Sd/-
(Bhisham Kumar Gupta) Place : New Delhi
Managing Director Date : 29-5-2019
00110915