BSEL ALGO Ltd Management Discussions

This Management Discussion and Analysis report provides analysis of the operating performance of the Companys business as well as discussion on the business of the Company, outlook, risk and opportunities. Statements in this Management Discussion & Analysis Report describing the Companys objectives, projections, estimates and expectation may be "forward statements" within the meaning of applicable laws and regulations and actual results may differ.

Company Overview:

BSEL Algo Limited (formerly known as BSEL Infrastructure Realty Limited) has diversified its business portfolio from real estate development to advanced technology-based financial services. The Company has developed its own proprietary algorithmic trading software and is engaged in algo trading in F&O derivatives, commodity trading, and uses algorithms for investment in equities. The Company continues to maintain a presence in the real estate sector.

Industry Overview:

Indias infrastructure and real estate industry continues to play a key role in the nations progress, supported by proactive government measures aimed at stimulating construction activities.

At the same time, the artificial intelligence (AI) industry is emerging as one of the fastest-growing sectors globally. Continuous research and innovation are driving the adoption of advanced technologies across various verticals, including healthcare, retail, finance, and manufacturing. The integration of AI into financial markets especially in algorithmic trading is transforming market efficiency, execution speed, and data-driven decision-making.

Global Overview:

With open-market policies and a liberal investment environment, India has experienced robust infrastructure growth and increased investor participation.

The global AI market is expected to witness significant growth, driven by heavy R&D investments by leading players. Asia Pacific, led by China and India, is expected to be the fastest-growing region due to rapid economic development and technology adoption.

India Overview:

Indias real estate sector, supported by healthy demand and quality supply, remains a key growth driver. In 2019 and beyond, office space, residential projects, and emerging asset classes have continued to attract strong investor interest. On the technology front, the Government of India has launched the IndiaAI Mission, a national-level initiative to strengthen the AI ecosystem and enhance the competitiveness of Indian AI-driven startups and enterprises. This policy environment provides a favorable backdrop for the Companys expansion in the algorithmic trading domain.

Review of financial and operating performance:

During the financial year ending March 2025, the Company has Consolidated profit after tax is Rs.997.38 Lacs.

1. Paid-up Share Capital:

The Company has a paid-up capital as on 31st March 2025 consisting of 8,66,16,840 equity shares of Rs. 10 each.

2. Reserves and Surplus:

Companys Consolidated Reserves and Surplus stood 383.81 Crores, as compare to last year Reserves and Surplus 375.68 Crores. However, the overall Consolidated net worth of the Company is 470.43 Crores.

3. Secured Loan:

The Company has not accepted secured loan as on March 31, 2025

Business Analysis:

The Companys core business operations now focus on proprietary algorithmic trading, leveraging its in-house developed algo software to trade in F&O derivatives, commodities, and equities. The Company also undertakes research and development to create and enhance trading algorithms, software systems, and related technologies for both proprietary and client use. Alongside, the Company continues selective real estate activities in line with market opportunities.

Opportunities and Threats:

Technology is reshaping every industry, offering opportunities for disruption and growth. Algorithmic trading, supported by AI, enables faster execution, improved accuracy and better risk management, positioning the Company to capitalize on this trend. However, competition, rapid technological changes, and evolving regulations remain potential challenges.

Risks:

The Company is exposed to interest rate risk, currency fluctuations, credit risk, market volatility, and regulatory risks. A periodic internal audit ensures a robust risk management framework is in place.

Outlook:

The Company aims to expand its algo trading volumes, enhance software capabilities, and diversify its investment strategies, thereby increasing revenues and profitability while maintaining prudent risk controls.

Internal Controls and its Adequacy:

The Company maintains adequate internal controls to ensure that transactions are properly authorized, recorded, and reported, and that assets are safeguarded against unauthorized use or disposition. Operational and fraud risk controls are in place across the organization. A dedicated internal control department oversees continuous monitoring and improvement of these systems.

		For and on behalf of the Board of Directors
		BSEL ALGO LIMITED
	Sd/-	Sd/-
	Mr. Santosh Sambhu Tambe	Ms. Anamika Jeevan Kamble
Place: Navi Mumbai	Managing Director	Director
Date: 8th July, 2025	(DIN: 09668177)	(DIN: 09824238)