Dugar Housing Developments Ltd Management Discussions.

The management of DUGAR HOUSING DEVELOPMENTS LIMITED presents its analysis covering performance of the Company for the year 2018-2019 and the business out look for the future.The business out look performance is based on the current business environment and do not include any economic variation.

OVERVIEW:

The fiscal year 2018-2019 continued to be subdued for property development business as the Indian economy did not progress much.There were continued challenges and uncertainties in the Real Estate business with high interest rates and negative customer sentiments. The real estate market and customer sentiments work in tandem with the growth of the Indianeconomy. Demonetisation, GST and RERA ACT has considerably slowed down the Industry. The Management and Directors will review business planand existing status of the Company and take necessary action based on the same, in the best interest of the Company and its stake holders.

RISK MANAGEMENT:

The Companys risk management is based on various risks and proper risks assessment and strategic measures by continuous monitoring the procedural establishment for this purpose which are in line with normal industrial practice.

INTERNAL CONTROL SYSTEM

Keeping in mind the size of the Company the business control procedure ensures maximum efficiency and compliance. The procedure also produces well documented policies, authorization and approval etc.

REGULATORY AND LEGAL RISKS

The Company has adequate system and controls to mitigate various risks.

Managerial Development and Human Resources and Industrial Relation

There are no material changes in Human resources front during the year under review.

CAUTIONARY STATEMENT

The Management Discussion and Analysis Report contains forwarding looking statements based up on the data available with the Company, assumptions with regard to global economic conditions, the Government policies etc. The Company cannot guarantee the accuracy of assumptions and perceived performance of the Company in future. Therefore, it is cautioned that the actual results may materially differ from those expressed or implied in the report.

For and on behalf of the Board ofDirectors
DUGAR HOUSING DEVELOPMENTS LIMITED
Sd/-
T. PADAM DUGAR
Whole time Director
DIN: 01735878
Place: Chennai
Date: 31st August, 2019