Comfort Commotrade Ltd Management Discussions

GLOBAL ECONOMIC REVIEW

In 2024, the global economy displayed strong resilience, achieving a GDP growth of 3.3% as it continued recovering from past disruptions like the COVID-19 pandemic, supply chain shocks, and geopolitical tensions. This recovery was aided by easing inflation and more supportive monetary policies in key economies. However, regional disparities were evident advanced economies posted modest growth of 1.8% due to high interest rates and subdued investment, while emerging markets and developing economies grew more robustly at 4.3%, fueled by strong consumption, investment, and favorable commodity conditions.

Despite positive signs such as moderating inflation and renewed efforts in trade cooperation, global economic sentiment remained cautious due to ongoing risks, including trade uncertainties, geopolitical tensions, and conflicts in regions like Eastern Europe and the Middle East.

Looking ahead to 2025, the global economy is expected to grow steadily, influenced by potential trade deals among major economies such as the United States, United Kingdom, European Union, and China which could reinvigorate global trade and investment flows and progress toward conflict resolution, which could stabilize energy markets and enhance investor confidence.

Table: Region-wise GDP Growth Rate (%)

REGIONS	PROJECTIONS
	2024	2025	2026
World Economy	3.3	2.8	3.0
Advanced Economies (AEs)	1.8	1.4	1.5
United States	2.8	1.8	1.7
Euro Area	0.9	0.8	1.2
Germany	-0.2	0.0	0.9
Japan	0.1	0.6	0.6
United Kingdom	1.1	1.1	1.4
Emerging Market and Developing Economies (EMDEs)	4.3	3.7	3.9
China	5.0	4.0	4.0
India	6.5	6.2	6.3
Russia	4.1	1.5	0.9

(Source: IMF World Economic Outlook April 2025)

Performance of Major Economies:

1. United States: The U.S. economy is projected to experience a gradual slowdown, with GDP growth expected to decline to 1.8% in 2025 and further to 1.7% in 2026, compared to 2.8% in 2024. This deceleration reflects the impact of sustained policy uncertainty, ongoing trade tensions, and a softening demand environment.

2. China: Chinas economic growth is expected to moderate to 4.0% in both 2025 and 2026, following a stronger performance of 5.0% in 2024. Despite fiscal expansion and a strong carryover from the previous year, uncertainties surrounding trade policy and the implementation of new tariffs are anticipated to dampen growth prospects.

3. European Union: Spain is emerging as the EUs standout performer to 2.5% in 2025, while Germany and France struggle with structural constraints and policy uncertainty. Italy remains in gentle recovery mode, and the general Eurozone outlook is modest, with growth weighing in at about 1% this year-still vulnerable to external shocks.

4. Japan: Japans growth is projected to improve to 0.6% in 2025, up from 0.1% in 2024. This uptick is underpinned by robust private consumption, supported by real wage gains that are expected to outpace inflation, thereby enhancing household purchasing power.

5. United Kingdom: Growth in the UK is forecast to remain modest at 1.1% in 2025, constrained by limited momentum from 2024, the effects of newly introduced tariffs, rising gilt yields, and softening private consumption. Higher inflation, driven by regulated prices and energy costs, further pressures household spending.

INDIAN ECONOMIC OVERVIEW

In 2024, India retained its position as the worlds fifth-largest economy and continued to lead as the fastest- growing among major global economies. With a robust GDP growth rate of 6.5%, India is projected to maintain its strong performance with growth forecasts of 6.2% in 2025 and 6.3% in 2026. On its current path, India is expected to become the third-largest economy by 2027. This sustained momentum is driven by resilient domestic consumption, significant government capital expenditure, and a thriving services sector. These pillars of growth have helped India outperform many advanced and emerging economies, reinforcing investor confidence and l economic stability.

Chart: Indias GDP growth rate, highest amongst peers

The Indian economy has been digitalizing at a remarkable pace over the last decade. According to the State of Indias Digital Economy Report 2024, India is the 3^rd largest digitalized country in the world in terms of economywide digitalization, and 12^th among the G20 countries in the level of digitalization of individual users.

Table: India is the third largest digitalized country in the world

Rank Country	CHIPS (Economy) Score
1 United States	65.1
2 China	62.3
3 India	39.1
4 United Kingdom	28.8
5 Germany	23.8

(Source: State of India Digital Economy Report 2024)

Table: India is ranked 12^th among the G20

Rank Country	CHIPS (User) Score
1 United States	64.6
2 United Kingdom	57.7
3 Australia	55.8
4 Canada	54.1
5 Germany	50.8
6 China	50.3
7 South Korea	49.7
8 France	46.4
9 Saudi Arabia	46.1
10 Japan	41.6
11 Argentina	40.9
12 India	39.4
13 Italy	39.0
14 Turkey	37.9

(Source: State of India Digital Economy Report 2024)

The Union Budget 2025-26 reflects a growth-oriented yet fiscally prudent approach, with a clear focus on enhancing domestic demand, improving infrastructure, and enabling inclusive development. The fiscal deficit is targeted to decline to 4.4% of GDP, reinforcing fiscal consolidation. Key announcements include a significant increase in capital expenditure to 511.21 lakh crore, aimed at accelerating infrastructure creation and crowding in private investment. The budget also emphasizes support for agriculture, MSMEs, and startups through targeted credit facilities, ease-of-doing-business measures, and dedicated funds. Strategic investments in healthcare, education, digital infrastructure, and green energy transition further underline the governments long-term development priorities. These measures are expected to sustain macroeconomic stability while creating a more enabling environment for industry growth, investment, and innovation.

Despite these headwinds, the outlook for the Indian economy remains positive. Continued policy support, strong internal demand, and ongoing sectoral reforms are expected to sustain growth. Strategic trade partnerships such as the anticipated India-UK trade agreement will further enhance Indias global economic integration and competitiveness. India is well-positioned to navigate global challenges and advance toward becoming a leading economic powerhouse.

CAPITAL MARKETS: A GLOBAL STANDOUT WITH ROOM TO GROW

Indias capital markets entered FY 2025-26 with robust momentum and a healthy pipeline of upcoming public offerings. Domestic equity fund inflows also surged, with FY 2024-25 seeing record net inflows of 54.17 lakh crore into equity mutual funds, supporting strong market momentum. Equity capital mobilization doubled to Rs 3.71 lakh crore, driven by significant IPO activity and a resurgence in Qualified Institutional Placements. Simultaneously, debt fundraising touched a historic high of 511.12 lakh crore, underscoring the depth and resilience of Indias capital markets.

The Indian capital markets serve as a vital conduit for channeling household savings into productive investments, facilitating efficient capital allocation from savers to borrowers. This function has been instrumental in supporting the countrys economic growth.

Indias domestic equity market has expanded significantly in recent years, reflecting strong investor confidence. With a market capitalization now exceeding $4.0 trillion, India stands as the fourth-largest equity market in the world.

Rank Country	Market Cap (US $ Trillion)
1 United States	64.219
2 China	9.641
3 Japan	5.578
4 India	4.632
5 United Kingdom	4.009

However, several structural and operational challenges remain, such as:

1. A substantial portion of household savings remains outside the capital markets, highlighting the need for greater financial inclusion and investor education.

2. Frequent regulatory changes and evolving compliance requirements demand continuous adaptation.

3. While the equity market is vibrant, the corporate debt segment remains relatively shallow, limiting diversification and long-term funding options.

4. As markets become increasingly digital, strengthening technological infrastructure and safeguarding against cyber threats are critical priorities.

Indias capital markets remain a cornerstone of its financial ecosystem, with tremendous potential for further growth. Addressing these challenges through targeted reforms and enhanced investor engagement will be key to sustaining their momentum and ensuring broader participation in the countrys economic success.

EQUITY MARKETS: CATALYST FOR CAPITAL FORMATION AND ECONOMIC GROWTH

Equity markets serve as a cornerstone of the Indian economy by enabling capital formation, supporting wealth creation, and promoting overall economic development. These markets provide a vital platform for companies to raise long-term capital through the issuance of shares, which is subsequently deployed for business expansion, technological advancement, and other strategic initiatives.

For investors, equity markets offer a range of investment opportunities with the potential for returns through dividends and capital appreciation. The presence of a well-functioning secondary market ensures liquidity, allowing investors to buy and sell securities with ease. This liquidity not only enhances investor confidence but also benefits companies by attracting broader participation and facilitating efficient pricing of securities.

Importantly, equity markets play a pivotal role in efficient capital allocation, channelling financial resources toward enterprises that demonstrate high productivity and growth potential, as determined by market dynamics.

In doing so, they contribute significantly to the nations economic progress by aligning investor interests with corporate growth.

COMMODITY MARKET OVERVIEW AND STRATEGIC RELEVANCE

Beyond equities, the Indian financial markets provide a wide array of investment avenues that contribute to portfolio diversification and risk mitigation. One such avenue is commodity trading, which plays an increasingly vital role in financial planning and corporate strategy. While commodity trading in India has a legacy of over a century, it was institutionalized through formal legal frameworks only in 2003.

Commodities refer to physical goods used in everyday life and traded on standardized exchanges. These include a broad spectrum of assets such as agricultural produce (grains, pulses), energy resources (crude oil, natural gas), and precious materials (metals, diamonds). Unlike equities, commodity trading typically involves larger contract sizes and higher transaction values, making it a distinct and strategically significant segment of the capital market.

Indias commodity derivatives market is mature and well-regulated, offering significant opportunities for trading companies. Key exchanges facilitating these trades include the Multi Commodity Exchange of India Ltd. (MCX) and the National Commodity & Derivatives Exchange Limited (NCDEX). Both operate under the regulatory oversight of the Securities and Exchange Board of India (SEBI) and fall within the ambit of the Ministry of Finance.

NOTIONAL VALUE:

in billion USD (US$)
Particulars	2023	2024	2025	2026	2027
Agricultural Products	13.77	13.86	13.85	13.84	13.93
Energy Products	326.70	330.30	339.50	347.30	354.00
Industrial Metals	142.80	167.30	173.50	182.00	177.50
Precious Metals	323.30	327.90	328.80	338.00	345.80
Total	806.60	839.40	855.60	881.10	891.20

Notes: Data was converted from local currencies using average exchange rates of the respective year.

(Source: Statista Market Insights)

The nominal value in the Commodities market is projected to reach US$142.85tn in 2025. It is expected to show an annual growth rate (CAGR 2025-2029) of 2.64% resulting in a projected total amount of US$158.54tn by 2029. The average price per contract in the Commodities market amounts to 0.00 in 2025. From a global comparison perspective, it is shown that the highest nominal value is reached United States (US$60.23tn in 2025).

In the Commodities market, the number of contracts is expected to amount to 7.37bn by 2029.

Source: Statista Market Insights

STOCK BROKING SECTOR

The Indian broking industry is very diverse with many intermediaries forming a part of the market infrastructure. Over the years, more efficient players have grown considerably in size, thus gaining healthy market share across parameters. The Indian broking industry exhibits a remarkable diversity, encompassing numerous intermediaries that contribute to the market infrastructure. In the past few years, many new digital and discount broking companies have entered the market resulting in severe competition and low brokerage rates.

Retail broking businesses continue to improve their market share through digital initiatives. The rise of discount brokers has made it easy to invest in financial markets via zero brokerage, e-KYC and user-friendly mobile-based platforms which has made stock buying as seamless and intuitive as shopping online. Quick and paperless on boarding, UPI-based fund transfers, and a stable and scalable product have enabled equity participation for every Indian.

This digital transformation has democratized equity investing, enabling broader participation from across the country. Brokers with scalable and stable technology stacks have gained significant traction, offering investors a reliable and simplified trading experience.

One of the most tangible outcomes of this transformation is the exponential rise in the number of demat accounts in India. A demat (dematerialized) account is essential for holding shares and securities in electronic form, and serves as the foundational step for participating in capital markets.

In recent years, demat account openings have surged driven by heightened retail interest, improved financial literacy, and the availability of user-friendly investment platforms. As of FY 2025, India recorded over 192.4 million demat accounts, with 41.1 million new accounts opened in the financial year, the highest annual addition to date in absolute terms. The monthly average of new demat account openings also hit a new peak, standing at 3.42 million surpassing previous years and underlining the sustained enthusiasm among retail investors.

(Source: https://www.angelone.in/news/192-4-million-demat-accounts-in-fy25-record-41-1-million-added-> in-a-single-year/)

ABOUT COMFORT COMMOTRADE LIMITED

The Company was originally incorporated in Mumbai as "Comfort Commotrade Private Limited" on November 05, 2007 under the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Maharashtra, Mumbai. Our Company was subsequently converted into Public Limited Company and consequently the name was changed to "Comfort Commotrade Limited" vide Fresh Certificate of Incorporation dated May 21, 2012 issued by the Registrar of Companies, Maharashtra, Mumbai. Further the Equity Shares of the Company were initially listed on SME Platform of BSE Limited. However, post migration, the Equity Shares are now listed on BSE Main Board vide BSE notice dated April 26, 2016. The Company has altered its Main Object at the Extra-Ordinary General Meeting held on March 24, 2021.

The Company is currently engaged in the business of Commodity Broking and is a Member of both Multi Commodity Exchange (MCX) and National Commodity and Derivatives Exchange (NCDEX). We provide traders and investors with seamless access to a wide range of dynamic market opportunities supported by reliable and transparent trading experiences across multiple commodity segments.

OUR KEY OFFERINGS

We are committed to delivering a comprehensive and value-driven trading experience for our clients. Our offerings are tailored to meet the evolving needs of commodity market participants · from individual traders to institutional investors · by combining market expertise with cutting-edge technology.

* Wide Range of Commodities

We offer our customers with a robust trading platform and a comprehensive suite of services across a broad range of commodities, including bullion (gold, silver), energy (crude oil, natural gas) metals, food grains (rice, maize), spices, oil and oil seeds and others. It allows you to tap into global and domestic market trends, ensuring flexibility and variety in your trading portfolio.

* Expert Insights

Make smarter trading decisions with confidence·backed by insights from our seasoned research team.

We provide:

• Real-time market analysis and updates

• Regular commodity outlook reports

• In-depth research and forecasts based on technical and fundamental analysis

Whether youre hedging, speculating, or investing, our insights help you stay ahead in a constantly evolving market environment.

* Seamless Trading Platforms

Trade with confidence on platforms built for speed, security, and a seamless user experience. Our advanced technology infrastructure enables real-time execution with minimal latency, intuitive interfaces across desktop and mobile, powerful charting tools, and robust security protocols. Designed to simplify even the most complex trading processes, our systems empower you to focus on strategy while we handle the rest.

Risk Management Support

Protect your capital and optimize your strategies with our customized risk management solutions. Our team works closely with clients to monitor market volatility and pricing trends, and manage margin requirements and trading limits. By leveraging portfolio diversification and aligning risk strategies with your specific goals and market positions, we help you navigate uncertainty with greater confidence and control.

MARKET AWARENESS & FINANCIAL LITERACY INITIATIVES

Under the guidance of MCX, our Company actively undertakes various initiatives aimed at enhancing awareness and participation in the commodity markets. Our Company has organized various programmes in Mumbai, Delhi, Hyderabad and Rajasthan(Jhunjhunu). These initiatives are designed to promote financial inclusion and elevate financial literacy among key stakeholders targeting farmers and producers, traders and processors, importers, exporters and other participants in the commodity ecosystem across the value chain.

These programs highlight the benefits of commodity trading and educate participants on how to effectively engage with the market to hedge risks, improve price discovery, and enhance overall financial well-being.

SUBSIDIARY COMPANIES

The Company has one Wholly Owned Subsidiary Company viz. Anjali Trade Link FZE which has been duly incorporated as a Free Zone Establishment with limited liability pursuant to Emiri Decree No. (6) of 1995 of H.H. Sheikh Dr. Sultan Bin Mohammed AI-Qasimi Ruler of Sharjah and Implementing Rules and Regulations issued thereunder by the Hamriyah Free Zone Authority and registered in the FZE Register in U.A.E. incorporated on January 28, 2014. The Company is engaged in General Trading and as more particularly described in, and subject to, the License issued by the Hamriyah Free Zone Authority.

SWOT ANALYSIS

During the year, our Company grappled with many challenges, exacerbated by tightened market conditions and higher borrowing costs. Regulatory pressures intensified with stringent compliance requirements, impacting operational flexibility and increasing costs.

STRENGHTS

• Strong Focus on Customer Relatinship Building

• Innovative Financial Products

• Experienced Management Team

• Independent and insightful research

WEAKNESSES

• Limited Geographical Presence

• Dependence upon growth on the Commodity Broking Industry

• Reliance on Existing Customer Base

OPPORTUNITIES

• Leveraging Technology to Enhance Processes and Best Practices

• Rising Purchasing Power and Growing Interest in Investment Options

• Recovery in Economic Activity

THREATS

• Stringent Economic Measures by the Government.

• Increased Competition from Foreign Financial Firms Entering the Indian Market.

• Slowdown in Global Liquidity Flows

DEVELOPMENT OF HUMAN RESOURCES

The strength of the company lies in the capabilities and dedication of its people. Recognizing this, the Company prioritizes building a dynamic, skilled and motivated workforce that drives innovation and operational excellence.

As of March 31, 2025, it had a total workforce of 15 employees. The Directors extend their sincere appreciation for the contributions of employees at all levels. With a focus on building a dynamic and motivated workforce, the Company continues to invest in attracting new talent, nurturing their growth, and unlocking their potential through upskilling and internal mobility.

The HR policies and practices are built on the Groups core values of Integrity, Passion, Speed, Commitment and Seamlessness. It promotes a respectful, safe, and productive work environment while aiming to boost employee engagement and performance. As the Company scales its operations, it remains committed to talent development, employee well-being, equal opportunities, and fostering a performance-driven culture that supports long-term success.

FINANCIAL HIGHLIGHTS

(Rs. in lakh, except EPS)
PARTICULARS	STANDALONE		CONSOLIDATED
	2024-2025	2023-2024	2024-2025	2023-2024
Revenue from Operations	3332.17	3185.37	3506.94	3185.37
Other operating Income	36.34	40.98	36.50	41.15
Total Income	3368.51	3226.35	3543.44	3226.52
Less: Total Expenditure	2733.56	886.34	2939.22	963.96
Profit before Tax	634.95	2340.00	604.22	2262.56
Less: Current Tax Expenses	213.67	107.07	213.67	107.07
Less: Deferred Tax	(44.38)	483.92	(44.38)	483.92
Less: Tax of earlier years	4.71	0.49	4.71	0.49
Profit for the year before other comprehensive income/loss	460.95	1748.52	430.22	1671.08
Profit for the year after other comprehensive income/loss	457.89	1750.02	427.16	1672.58
Earnings Per Share (EPS) (Basic & Diluted)	4.60	17.45	4.29	16.68

During the year under review, your Companys total revenue from operations on standalone basis has changed to 3332.17 lakh as compared to 3,185.37 lakh in the previous financial year. However, the Company has made net profit before other comprehensive income/loss amounting to 460.95 lakh as compared to 1,748.53 lakh in the previous financial year.

During the year under review, your Companys total revenue from operations on consolidated basis has changed to 3506.94 lakh as compared to 3,185.37 lakh in the previous financial year. However, the Company has made net profit before other comprehensive income/loss amounting to 430.22 lakh as compared to 1,671.08 lakh in the previous financial year.

Details of significant changes, if any, in the Key Financial Ratios, along with the detailed explanation are provided in the accompanying financial statements which form part of this Annual Report.

INTERNAL CONTROL SYSTEM AND ADEQUACY

The Company has a strong organizational structure and internal control system that ensures efficient operations, compliance with laws and policies, and protection of resources. These controls align business processes, financial reporting, and regulatory requirements, reflecting high standards of corporate governance. A standardized internal control framework operates across the organization to safeguard assets and ensure authorised, policy- compliant transactions. The Company continuously reviews its systems, policies, and technologies to identify improvements and enhance operational efficiency and reporting.

The Audit Committee of the Company reviews and recommends the unaudited quarterly financial results and the annual audited financial statements of your Company to the Board for approval. Your Company has appointed M/s. ASHP & Co. LLP, a firm of Chartered Accountants to conduct independent financial and operational internal audit in accordance with the scope as defined by the Audit Committee. The reports from the Internal Auditors are reviewed by the Audit Committee on periodic basis.

Key components of this system include:

• Comprehensive Policies and Procedures: The Company maintains well-defined policies covering crucial activities, including financial closure, automated processes and entity-level controls. These policies are continuously tested for effectiveness and compliance as part of an ongoing management review process, reinforcing a culture of accountability within a structured governance framework.

• Delegation of Authority: A clear, hierarchical delegation of authority specifies approval limits for revenue and expenditure decisions. These limits undergo regular reviews to ensure they align with evolving business needs, supporting agile decision-making in both daily operations and strategic initiatives.

• Strategic Business Planning: The Company operates with precisely crafted business plans, incorporating annual evaluations, financial forecasting and operational roadmaps. Progress is monitored by the board, ensuring agility and adaptability in response to market dynamics.

• Governance Oversight: Several Board Committees, predominantly comprising Independent Directors, are responsible for overseeing internal controls and governance practices. Their work ensures that corporate governance standards remain aligned with best practices.

Together, these measures demonstrate the Companys commitment to maintaining rigorous internal controls, boosting regulatory compliance and driving continuous improvements in operational efficiency and governance across all business functions.

RISK AND CONCERNS

As per the Oxford Dictionary - "Risk is Exposure to the possibility of loss, injury, or other adverse or unwelcome circumstance; a chance or situation involving such a possibility". Risk in simple terms implies the possibility of something uncertain happening.

Given the nature of its operations, Comfort Commotrade is inherently exposed to various types of risks, making effective risk management a critical element of its business strategy and long-term sustainability.

Pursuant to Section 134 (3) (n) of the Companies Act, 2013, the Company has implemented a comprehensive risk management framework that is periodically reviewed by the Board. This approach relies on a clear understanding of the risk landscape, consistent monitoring, and continuous evaluation to strengthen resilience and informed decision-making.

Some key risks that affect the Companys overall governance include:

1. Competition Risk:

For Commodity Traders, the potential risk from inside the industry can be intensified competition within the securities industry. Externally, significant threats arise from other financial institutions, expanding into commodity-related services. To remain competitive, the company emphasizes on delivering a compelling price-value proposition and cost- effective trading. Continued innovation and a resilient presence in the market are also crucial for sustaining long-term success.

2. Commodity Price Volatility Risk:

Fluctuations in global commodity prices, driven by factors such as weather events, geopolitical developments, and shifts in supply and demand, can materially affect cost structures and profit margins. To mitigate these risks, the Company employs hedging strategies to manage price volatility and inflationary pressures. Structured to share risk naturally with customers. Monitor market trends to anticipate and act on price movements.

3. Technology Risk:

Technology risk refers to the potential for technology-related failures or issues that can negatively impact an organization, project, or system. The management periodically reviews various technology risks such as protecting sensitive customer data, identify theft, cyber-crimes, data leakage, business continuity, access controls, etc. While the Company has put in place processes, systems and tools and is actively monitoring suspicious activities.

4. Operational Risk:

Operational risk refers to the potential for financial loss, liability, or reputational damage arising from failures in the operation of trade processing or management systems. This L includes issues such as system malfunctions, human error, or inadequate processes.

A breach in the companys systems or those of its clients or third-party providers can lead to unauthorized access, theft of sensitive information. To reduce operational risk, the company should implement a robust internal control framework that includes regular ] system audits, process automation, and staff training.

5. Regulatory and Compliance Risk:

Failure to uphold ethical standards or non-compliance with laws related to consumer protection, fair lending, or data privacy may harm the Companys reputation. Such failures can significantly damage the Companys reputation and erode stakeholder trust. The Company will implement strong corporate governance practices, ensure transparency in disclosures, and promote a culture of integrity and accountability. Ongoing training, compliance monitoring, and clear ethical guidelines will support adherence to legal and regulatory requirements.

6. Credit Risk:

The brokerage business of securities trading organizations includes the risk of losses from overdraft by clients and the risk of losses from the absence of client confirmation relating to agency transactions. Margin trading is like using borrowed funds from brokers to trade financial securities, which act as collateral for the loan.

FUTURE OUTLOOK

The Indian Stock and Commodity Trading sector continues to evolve as one of the most vibrant and fast- evolving segments of the financial services industry, underpinned by increasing market participation, regulatory reforms, and rapid technological advancements. FY 2024-25 is poised to be a transformative year, shaped by both domestic macroeconomic factors and global economic shifts.

Furthermore, the increased adoption of algorithmic and Al-driven trading platforms, along with initiatives by exchanges to expand derivative instruments and longer trading hours, are likely to enhance market depth and efficiency. However, potential headwinds include global geopolitical uncertainties, interest rate trajectories in developed markets, and volatility in crude oil and other key global commodities.

Against this backdrop, Comfort Commotrade Limited operates in the Indian stock broking and commodity trading ecosystem, offering a diversified suite of services including equity and commodity trading, stock broking, portfolio management, research, and advisory services. The company leverages its deep market expertise, robust risk management systems, and cutting-edge digital platforms to deliver value to its clients.

Key Strategic Focus Areas:

1. Broader Market Participation

Increasing engagement from both institutional and retail investors is enhancing market depth and contributing to lower volatility, creating a more stable trading environment.

2. Digital and Technological Excellence

Ongoing investments in research tools and trading systems are sharpening decision-making and execution efficiency. Mobile-first platforms with real-time analytics and customizable alerts are improving accessibility and user experience. Robust cybersecurity and data protection frameworks are being strengthened to build trust and ensure regulatory compliance.

3. Client-Centric Growth Strategy

The company is targeting Tier II and Tier III cities through franchise models and localized outreach, expanding beyond metro markets. To attract institutional investors, it is offering customized research and thematic investment baskets, driving margin expansion and revenue diversification.

4. Educational and Awareness Initiatives

Company is focused in initiating various programmes for spreading awareness and improving the participation in the commodities markets and including financial inclusion, and raising the financial literacy levels among the various market participants

5. Risk Management and Compliance Strengthening

We have implemented advanced real-time trade surveillance tools, supported by rigorous internal audit systems to ensure strict compliance with SEBI, BSE, and MCX regulations. Our operations adhere to best practices in risk governance and data management, reinforcing a strong framework for integrity and accountability.

Our Company is well-positioned to capitalize on the evolving landscape of the Indian trading sector. With a clear strategic vision, client-focused approach, and investments in technology and talent, the company aims to deliver sustainable growth and create long-term value for stakeholders today and beyond.

CAUTIONARY

The statements made in this Report describing the Companys objectives, projections, estimates, expectations are the "forward looking statements" within the meaning of applicable securities laws and regulations and are subject to certain risks and uncertainties like regulatory changes, local, political and economic developments and other factors. The achievements of results are subject to risks, uncertainties and even inaccurate assumptions. Should know or unknown risks or uncertainties materialize or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated or projected.