CCME Global Ltd Management Discussions

ECONOMIC AND INDUSTRY OVERVIEW

The Indian economy continued to demonstrate resilience during FY 2025-26, supported by domestic consumption, infrastructure spending and policy continuity. Against this backdrop, the Company undertook a significant strategic transformation during the year — transitioning from its erstwhile biotechnology and agri-input (probiotics and aquaculture products) business under the name Genesis IBRC India Limited, toward a diversified business model spanning Fast-Moving Consumer Goods (FMCG), commodities and minerals trading, under its new identity, CCME Global Limited.

This repositioning reflects the Boards assessment that the Companys traditional business had limited scale and profitability, and that entry into FMCG, commodities and minerals offers a broader addressable market, quicker revenue realisation and access to emerging trade opportunities, including in overseas markets.

COMPANY OVERVIEW AND BUSINESS TRANSFORMATION

During the year under review, the following key corporate developments took place:

• Change of name: Shareholders approved, through postal ballot concluded on March 5, 2026, the change of the Companys name from Genesis IBRC India Limited to CCME Global Limited, together with a corresponding change in the objects clause of the Memorandum of Association to permit the new business lines. The Company received inprinciple approval from BSE Limited on March 12, 2026.

• Change in business focus: The Companys shareholders approved a strategic diversification into FMCG products, commodities and minerals, with an intended investment outlay of up to ^30 crore, alongside an increase in authorised share capital to support the expansion.

• Capital raise: The Company completed a preferential allotment of 3,22,50,000 fully paid-up equity shares of face value ^10 each, at par, to 11 investors (comprising promoter and non-promoter allottees), raising gross proceeds of ^32.25 crore. The allotment was approved by the Preferential Issue Committee on March 26, 2026, with listing approval received shortly thereafter.

• Change in management/statutory auditors: The Company effected changes in its management/board during the year and received the resignation of its erstwhile statutory auditors in June 2026, necessitating appointment of new statutory auditors in accordance with applicable provisions of the Companies Act, 2013.

• Companys Offices: The Companys registered office is situated at Eluru, Andhra Pradesh, and its corporate office is located at Andheri (East), Mumbai.

OPPORTUNITIES AND THREATS

Opportunities

• Entry into FMCG, commodities and minerals opens access to markets with faster inventory turnover and broader customer bases compared to the Companys earlier niche biotechnology segment.

• Fresh equity capital raised through the preferential issue provides working capital to scale the new business lines.

• Potential to leverage new managements trade relationships, including opportunities cited in overseas/Middle East markets.

Threats

• The Company is at a nascent stage in its new business lines and has no established track record, brand presence, supply chain or customer base in FMCG, commodities or minerals trading.

• Commodity and mineral trading businesses are exposed to price volatility, working-capital intensity and counterparty/credit risk.

• Execution risk associated with a complete business pivot, including the risk that deployment of the newly raised capital may be delayed or may not generate the anticipated returns.

• Intense competition from established, better-capitalised players in the FMCG and commodities trade.

BUSINESS PERFORMANCE

During FY 2025-26, the Company remained in a transition phase and continued to evaluate and develop its business strategy. The financial performance for the year reflects the limited scale of operating activities during the transition period. As per the reported standalone financial information, the Company recorded revenue from operations of approximately ^0.04 crore during FY 2025-26, compared with no operating revenue reported in FY 2024-25. The Company reported a loss for the year, reflecting the expenses incurred in maintaining the corporate structure and pursuing its strategic initiatives during the period.

The Companys management recognises that the present financial performance does not yet reflect the potential of the proposed business model. The immediate focus is therefore on developing an operating platform capable of generating sustainable revenues and improving profitability over the medium to long term.

FINANCIAL PERFORMANCE

The key financial parameters of the Company for FY 2025-26, based on the standalone financial statements, are summarised below:

The Company incurred a loss during FY 2025-26 primarily in the context of its limited operating activity and expenses associated with its corporate and strategic activities. The comparative FY 2024-25 performance included a significant amount of other income, and therefore the year-on-year comparison of profitability should be viewed in that context. Managements priority is to progressively transition the Company from a limited-operations phase toward an operating business model with stronger revenue visibility and sustainable earnings.

BUSINESS OUTLOOK

The Companys outlook is centred on building a diversified business platform with a focus on FMCG, commodities and minerals and related commercial opportunities.

The management intends to focus on:

• Identification of commercially viable business opportunities;

• Development of sustainable revenue streams;

• Establishment of appropriate sourcing and distribution capabilities;

• Expansion into suitable domestic and international markets;

• Strategic partnerships and business relationships;

• Evaluation of inorganic growth opportunities where commercially justified;

• Prudent deployment of capital; and

• Strengthening of systems, governance and internal controls.

The Company believes that its proposed business transition provides a platform for future growth. Nevertheless, the timing and extent of such growth will depend on successful execution of the Companys business plans, market conditions and availability of appropriate opportunities.

RISK MANAGEMENT

Risk management forms an integral part of the Companys business planning and decision-making process. The Company seeks to identify, assess and manage risks relating to its operations, finances, regulatory compliance, markets, counterparties and strategic initiatives.

Given the Companys proposed entry into new business segments, particular attention will be given to:

• Counterparty and credit risk;

• Commodity-price risk;

• Foreign-exchange risk;

• Liquidity and working-capital risk;

• Regulatory and compliance risk;

• Operational and supply-chain risk;

• Information and cyber-security risk; and

• Strategic and execution risk.

The management and Board will periodically review the principal risks and take appropriate measures based on the nature and scale of the Companys operations.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company maintains an internal control framework commensurate with the nature and scale of its operations. The internal control systems are designed to provide reasonable assurance regarding the effectiveness and efficiency of operations, safeguarding of assets, reliability of financial reporting and compliance with applicable laws and regulations. As the Company expands its operations and enters new business areas, management intends to further strengthen internal processes, financial controls, reporting systems and monitoring mechanisms. The Board and its Committees, wherever applicable, periodically review the effectiveness of the Companys internal control framework.

HUMAN RESOURCES

Human resources remain an important element in the successful execution of the Companys strategic plans. During the transition phase, the Company continues to focus on developing an appropriate organisational structure and strengthening its managerial and professional capabilities. As the scale of operations increases, the Company expects to recruit and retain personnel with relevant expertise in FMCG, distribution, commodities, minerals, finance, technology and other functional areas. The Company recognises the importance of a professional, ethical and performance-oriented work culture and seeks to provide an environment that encourages accountability, collaboration and continuous improvement.

CAPITAL AND FINANCIAL RESOURCES

The Company continues to evaluate its capital requirements in line with its strategic objectives. During FY 2025-26, the Company undertook corporate actions relating to its capital structure and fund-raising capabilities. Public disclosures indicate that a preferential allotment of equity shares was completed in March 2026, resulting in an increase in the Companys paid-up equity share capital. The Company intends to deploy financial resources prudently and in accordance with its stated business objectives. Any future fund-raising or capital deployment will be undertaken subject to applicable statutory and regulatory approvals and the Companys financial requirements.

INTERNAL AND EXTERNAL ENVIRONMENT

The Company operates in an environment influenced by domestic economic growth, consumer demand, global trade conditions, commodity-price movements, foreign exchange rates, regulatory developments and technological changes. The management believes that Indias long-term consumption and infrastructure growth prospects continue to offer opportunities across the sectors targeted by the Company. At the same time, the Company recognises that the transition into new business segments will require disciplined execution, appropriate capital allocation and development of operational capabilities.

CAUTIONARY STATEMENT

Statements in this Management Discussion and Analysis describing the Companys objectives, expectations, estimates or predictions may constitute "forward-looking statements" within the meaning of applicable securities laws and regulations. These statements are based on certain assumptions and expectations concerning future events and are subject to various risks and uncertainties. Actual results may differ materially from those expressed or implied due to factors including changes in economic conditions, market conditions, commodity prices, regulations, competition, business risks and other factors beyond the Companys control. The Company undertakes no obligation to publicly update or revise any forwardlooking statement, whether as a result of new information, future events or otherwise, except as may be required under applicable laws and regulations.

CONCLUSION

FY 2025-26 represented an important transition phase for CCME Global Limited. While the Companys operating revenues remained modest and the Company reported a loss during the year, significant steps were taken towards redefining the Companys business profile and creating a platform for future growth. The management remains committed to implementing the Companys strategic objectives in a disciplined and sustainable manner. The immediate focus will be on converting the Companys strategic initiatives into tangible operating businesses, building revenue visibility, strengthening financial performance and creating sustainable long-term value for shareholders and other stakeholders. The Company will continue to evaluate business opportunities prudently and remains focused on strengthening its operational, financial and governance framework as it progresses into the next phase of its development.