Callista Industries Ltd Management Discussions

FOR THE FINANCIAL YEAR 2024 25

OVERVIEW

The Company has not undertaken any specific business activities during the financial year under review. However, it continues to maintain adequate resources and infrastructure to support its existence and potential future operations. The management remains optimistic and is actively exploring viable business opportunities to initiate suitable operations in the near future.

FINANCIAL PERFORMANCE & REVIEW

During the financial year ended 31 st March, 2025, the Company did not generate any revenue from operations or other income. Consequently, there are no financial records of active business performance for the year. The Company continues to monitor its financial position and ensures prudent utilization of available resources in anticipation of future activities.

SEGMENT WISE PERFORMANCE

As there was no business activity during the year, segment-wise reporting is not applicable.

ECONOMIC OUTLOOK AND BUSINESS ENVIRONMENT

In light of the shift in business direction from the previously intended line of activity, the management is in the process of reassessing its strategy and evaluating new avenues for diversification. Given that no particular business operations have commenced, it is premature to forecast the economic outlook with certainty. However, the overall macroeconomic environment remains encouraging, and the Company is optimistic about identifying and capitalizing on new business opportunities in the upcoming period.

FUTURE OUTLOOK

The Company is well-positioned in terms of internal resources to re-enter business activity when a suitable opportunity is identified. The management remains committed to identifying strategic avenues for sustainable growth and value creation for all stakeholders. Efforts are ongoing to diversify into promising sectors aligned with long-term objectives.

RISK ASSESSMENT AND MITIGATION

Given the absence of active operations, operational risk remains minimal. Nevertheless, management is conscious of the potential challenges involved in entering new business segments. The Company aims to mitigate such risks through careful evaluation of opportunities and prudent financial and operational planning.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company maintains a basic internal control framework appropriate to its current level of activity. These controls are designed to ensure compliance, asset protection, and the integrity of financial and operational information. As the business grows, internal systems will be scaled accordingly.

HUMAN RESOURCE DEVELOPMENT / INDUSTRIAL RELATIONS

Although the Company has limited operational activity, it continues to maintain a small team and endeavors to ensure that any required personnel are adequately trained and aligned with future business goals. The industrial relations climate remains harmonious.

REGULATORY DEVELOPMENTS

During the financial year 2024 25, the suspension of trading in the equity shares of the Company by the stock exchange was revoked. The revocation was pursuant to the Company s compliance with the applicable listing norms and other regulatory requirements. This development is a significant step in the Company s journey towards operational revival and improved governance standards.

Sd/-

Rashmi Ravi Sharma (Managing Director) Date: 05 th November, 2025 Place: Mumbai