frontline financial services ltd Management discussions

The following discussion and analysis should be read in conjunction with Frontline Financial Services Limited s ( Company ) audited standalone financial statements and related notes for the year ended March 31, 2023 included in this Annual Report.

1. Industry & Business Overview

The Company has been engaged in providing Trading of Construction Material during the Financial Year under review. The Company has been successful in booking a profit of Rs. 5,03,777.

2. Risk and Concern

Bullish trend in Equity Markets, Commodities and Real estate may affect volume and profitability of Government Securities business. Changes in rate of Interest may affect Companys Profitability.

3. Internal Control System and their adequacy

The internal control system is looked after by Directors themselves, who also looked after the day to day affairs to ensure compliance of guide lines and policies, adhere to the management instructions and policies to ensure improvements in the system. The Internal Audit reports are regularly reviewed by the management.

4. Environmental Issues

As the company is not in the field of manufacture, the matter relating to produce any harmful gases and the liquid effluents are not applicable.

5. Financial Performance with Respect to Operation Performance

The Company has all the plans for tight budgetary control on key operational performance indication with judicious deployment of funds without resorting to any kind borrowing where ever possible.

6. Cautionary Statement

Statement in this report on Management Discussion and Analysis may be forward looking statements within the meaning of applicable security laws or regulations. These statements are based on certain assumptions and expectations of future events. Actual results could however, differ materially, from those expressed or implied. Important factors that could make a difference to the companys operations include global and domestic demand supply conditions, finished goods prices, raw material cost and availability and changes in government regulation and tax structure, economic development within India and the countries with which the company has business contacts and other factors such as litigation and industrial relations.

The Company assumes no responsibility in respect of forward - looking statements, which may be amended or modified in future on the basis of subsequent developments, information or events.

For and on behalf of Board,

Frontline Financial Services Limited

	Sd/-	Sd/-
	Viki Shah	Sandeep Mathur
	Director	Managing Director
	DIN: 07823247	DIN: 08173027
Place: Ahmedabad
Date: 04-09-2023

Registered Office:

Office No. 803, Eighth Floor Wallstreet II, Ellisbridge, Ahmedabad- 380006, Gujarat Mail: compliance@frontlinefsl.com Website: www.frontlinefsl.com