Bikewo Green Tech Ltd Management Discussions

1. COMPETITIVE POSITION OF THE COMPANY

a) Industry Structure and Developments

The Indian automobile sector is undergoing a transformational shift towards sustainable mobility solutions. With government initiatives such as FAME-II, Production-Linked Incentive (PLI) for Advanced Chemistry Cell batteries, and increased emphasis on renewable energy integration, the Electric Vehicle (EV) market is witnessing rapid growth. Rising fuel prices, heightened environmental concerns, and consumer preference for cost-efficient transportation are accelerating adoption. Globally too, the EV industry continues to expand, with increasing investments in battery technology and charging infrastructure.

b) Opportunities and Threats Opportunities

• Growing demand for affordable, eco-friendly mobility solutions in India.

• Supportive government policies and subsidies for EVs and green technology.

• Expansion possibilities into Tier-2 and Tier-3 cities.

• Rising ESG focus, opening avenues for green financing and partnerships.

Threats

• Supply chain dependency on imported lithium, cobalt, and other raw materials.

• Intensified competition from established OEMs and emerging startups.

• Rapid technological advancements leading to product obsolescence.

• Regulatory and compliance risks in the evolving EV policy landscape.

c) Segment-wise or Product-wise Performance

The Company operates primarily in the electric two-wheeler segment. During FY 2024-25, Bikewo Green Tech Limited focused on strengthening its product portfolio with enhanced battery efficiency and improved design features. The Company also initiated pilot projects in charging solutions and green technology accessories. Despite industry-wide cost pressures, sales volumes registered growth due to increasing consumer acceptance and dealership network expansion.

d) Outlook

The medium to long-term outlook for the EV industry remains robust. With government support and rising consumer adoption, demand for electric two-wheelers is expected to accelerate. The Company aims to leverage this momentum by expanding manufacturing capacity, investing in R&D for battery technology, and exploring opportunities in export markets. Strategic collaborations with component suppliers and charging infrastructure companies are also being pursued to strengthen competitiveness.

e) Risks and Concerns

The Company faces the following key risks:

• Raw Material Volatility: High dependence on imported lithium and semiconductors.

• Technological Risk: Need for continuous upgradation to meet market expectations.

• Competitive Pressure: Price competition from domestic and international players.

• Policy Changes: Subsidy rationalization or regulatory changes could impact margins.

The Company has put in place a risk management framework to identify, assess, and mitigate such risks on an ongoing basis.

f) Internal Control Systems and Their Adequacy

Bikewo Green Tech Limited has a robust internal control system commensurate with the size and nature of its operations. The internal controls are regularly reviewed by the Internal Audit Team and overseen by the Audit Committee of the Board. Adequate checks and balances are in place to ensure operational efficiency, reliability of financial reporting, and compliance with applicable laws.

g) Discussion on Financial Performance with Respect to Operational Performance

Discussion on Financial Performance with respect to the Operational Performance:

i. Total Income as on 31st March, 2025 is Rs. 2351.96 (in Lakhs)

ii. Share Capital: The Paid-up Share Capital as on 31st March, 2025 is Rs. 1304.33 (in Lakhs)

iii. Net Profit as on 31st March, 2025 is Rs. 65.78 (in Lakhs)

iv. Earnings per Share (EPS) as on 31st March, 2025 is 0.59.

The Earnings per share for the Financial Year 2024-25 is Rs.0.59 Per share (Face value: Rs.10/- each). Your Directors are putting continuous efforts to increase the performance of the company and are hopeful that the performance in coming year will overcome from the present situation.

h) Material Developments in Human Resources / Industrial Relations Front, Including Number of People Employed

The Company recognizes human capital as a critical enabler of growth. Several training and upskilling programs were conducted during the year to enhance technical and managerial capabilities. As on March 31, 2025, the Company had a workforce of 4 employees. The industrial relations environment remained cordial throughout the year. The Company continues to emphasize employee welfare, diversity, and a culture of innovation.

i) Details of significant changes (i.e. change of 25% or more as compared to the immediately previous FY) in key financial ratios, along with detailed explanations:

j) Details of changes in Return on Net Worth as compared to the immediately previous financial year along with a detailed explanation thereof

2. DISCLOSURE OF ACCOUNTING TREATMENT:

The Company has prepared financial statements which comply with Ind-AS applicable for periods ending on March 31, 2025, together with the comparative period data as at and for the year ended March 31, 2025, as described in the summary of significant accounting policies. Primarily, a treatment different from that prescribed in an Accounting Standard has not been followed in the preparation of financial statements. However, as regards amendments to certain accounting standards, the applica

bility / effect on the financial statement has been evaluated and been treated accordingly as explained in Notes to the standalone Financial Statements.

3. CAUTIONARY STATEMENT

This report contains forward-looking statements extracted from reports of Government Authorities / Bodies, Industry Associations etc. available on the public domain which may involve risks and uncertainties including, but not limited to, economic conditions, government policies, dependence on certain businesses and other factors. Actual results, performance or achievements could differ materially from those expressed or implied in such forward-looking statements. This report should be read in conjunction with the financial statements included herein and the notes thereto.