Bronze Infra-Tech Ltd Management Discussions.

The purpose of this discussion is to provide an understanding of financial statements and a composite summary of performance of our business. Management Discussion and Analysis (MDA) is structured as follows:

> Overview of Indian Economy

> Construction Industry Overview

> Business Overview

> Risk and Concerns

> Internal Control Systems and adequacy

> Material Development in Human Resources

Overview of Indian Economy

India has emerged as the fastest growing major economy in the world as per the Central Statistics Organisation (CSO) and International Monetary Fund (IMF) and it is expected to be one of the top three economic powers of the worldover the next 10-15 years, backed by its strong democracy and partnerships. The improvement in Indias economic fundamentals has accelerated in the year 2015 with the combined impact of strong government reforms, Reserve Bankof Indias (RBI) inflation focus supported by benign global commodity price.

The long-term growth prospective of the Indian economy is moderately positive due to its young population, corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. The Indian economy has the potential to become the world s 3rd-largest economy by the next decade, and one of the largest economies by mid-century. And the outlook for short-term growth is also good as according to the IMF, the Indian economy is the "bright spot" in the global landscape.

Construction Industry Overview

The Construction Industry in India is the second largest economic activity after agriculture and provides employment to large amount of people. Broadly, construction can be classified into two segments - infrastructure and real estate. The infrastructure segment involves construction projects in different sectors like roads, rails, ports, irrigation, power, etc. Investment in the infrastructure sector plays a crucial role in the growth of the economy of the country. Development of infrastructure in the country mainly depends upon the spending by GOI in various sub-segments of infrastructure.

Business Overview

Our Company was initially incorporated with the object of trading in textiles. Till FY 2012 our Company was engaged in the business of textile trading thereafter we have started construction business and IT Supply activities in the FY 201213. Currently, we sub-contract specific construction, development and execution work related to our project to third party contractors. Currently, we are engaged in the business of Land Development, construction and execution of infrastructure projects. We are currently executing four diversified projects, two of which are land development-based projects, one project for civil work and another project related to supply of IT Equipments. We also started Importing Musical Instruments in our own Brand-named BRONZE for selling throughout India from F.Y 2014-2015. Now days the Company is selling different article like Piano, Digital Keyboards, Guitar/Drum etc. n the construction sector, we provide construction services for various types of civil construction and infrastructure projects. This variety of project types enables us to keep our business diversified and reduces our dependence on any one segment, while providing us with an opportunity to participate in the overall growth in the India infrastructure sector.

Our corporate philosophies are embedded in our customeroriented managementand operations; providing excellence in our products and services; continuous efforts to expand our existing market and create new markets; commitment to care for users through providing even better service after sale.

Opportunities and Threat

The growth of the Company is subject to opportunities and threats as are applicable to the industry from time totime however it seems that selling Musical Instrument, there is a great opportunity in the Indian Market.

Risks and Concerns

Risk is an inherent part of any business. There are various types of risks, which threat the existence of a Company like Credit Risk, Market Risk, Operational Risk, Liquidity Risk, Interest Rate Risk, Strategic Risk, Regulation Risk etc. Your Company aims at enhancing and maximizing shareholders value by achieving appropriate trade-off

Internal Control System & Adequacy

Internal Control Systems has been designed to provide reasonable assurance that assets are safeguarded, transactions are executed in accordances with managements authorization and properly recorded and accounting records are adequate for preparation of financial statements and other financial information. Internal check is conducted on a periodical basis to ascertain the adequacy and effectiveness of internal control systems

Material Development in Human Resources

The Company continues to lay emphasis on developing and facilitating optimum human performance. Performance management was the key word for the Company this year.


During the year the Company has not entered into any transaction of material nature with its promoters, the Directors or the management, their subsidiaries or relatives etc that may have potential conflict with the interest of the Company at large.



The Board of Directors M/s. Bronze Infra-Tech Limited

I have reviewed the financial statements and the cash flow statement for the Financial Year ended 315lMarch, 2021 and to the best of my knowledge and belief, I state that:

a) 1. These statements do not contain any materially untrue statements or omit any material facts or contain any statements that might be misleading.

2. These statements together Present a true and fair view of the Companys affairs and are in compliance with the existing accounting standards, applicable laws and regulations.

b) There are, to the best of my knowledge and belief, no transactions entered into by the Company during the year, which are fraudulent, illegal or violation of the Companys Code of Conduct.

c) I accept responsibility for establishing and maintaining internal controls for financial reporting. 1 have evaluated the effectiveness of the internal control systems of the Company pertaining to the financial reporting and 1 have disclosed to the Auditors and the Audit Committee, deficiencies in the design or operation of such internal controls, if any, of which I are aware and step taken and/or proposed to be taken to rectify these deficiencies.

d) I have also indicated to the Auditors and the Audit Committee:

1) Significant changes, if any, in the Internal Controls over financial reporting during the year.

ii] Significant changes, if any, in accounting policies made during the Year and that the same have been disclosed in the notes to the financial statements; and

e) Instances of significant fraud of which I have become aware and the involvement therein, if any, of the management or an employee having a significant role in the Companys internal control system over financial reporting.



The Members,

Bronze Infra - Tech Limited

a. I have examined the compliance of conditions of Corporate Governance by Bronze Infra Tech Limited (hereinafter referred as Company) for the financial year ended March 31, 2021, as prescribed under Regulations 17 to 27, clauses (b) to (i) of sub-regulation (2) of regulation 46 and paras C, D and E of Schedule Vof Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 201S (hereinafter referred as Listing Regulations).

b. I state that compliance of conditions of Corporate Governance is the responsibility of the management, and our examination was limited to procedures and implementation thereof adopted by the Company for ensuring compliance with conditions of Corporate Governance. It is neither an audit nor an expression of opinion on the financial statements of the Company.

c. In our opinion, and to the best of our information and according to our examination of the relevant records and the explanations given to us, we certify that the Company has complied with the conditions of Corporate Governance as prescribed under Listing Regulations.

d. We further state thatsuch compliance is neither an assurance as to the future viability of the Company nor the efficiency or effectiveness with which the management has conducted the affairs of the Company.

e. This certificate is solely for the purpose of complying with Listing Regulations and may not be suitable for any other purpose.


Ankur Singh

Practicing Company Secretary

M. No.: 60761

COP. No.:22820

Place: New Delhi

Date: 31.08.2021