Gajanan Securities Services Ltd Management Discussions

The Management Discussion and Analysis Report have been prepared in compliance with the requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and contain expectations and projections about the strategy for growth. Certain statements in the Management Discussion and Analysis Report are forward looking statements which involve a number of risks and uncertainties that could differ from actual results performance or achievements which such forward looking statements on the basis of any subsequent developments, information or events for which the Company do not bear any responsibility.

The Indian economy has demonstrated remarkable resilience in the face of the deteriorating global situation due to strong macroeconomic fundamentals. Steps to promote ease of doing business, skilled manpower, presence of natural resources, liberal FDI policies, huge domestic market and prospects of healthy GDP growth have made India an attractive destination for foreign investors. Thus, going forward, India is expected to see relatively stronger growth

It is also praiseworthy to note that the Indian financial sector remained largely unaffected amidst the recent turbulence in the US and European sectors. This resilience in Indias financial system is attributable to adequate capitalization & liquidity, healthy asset quality and proactive monitoring & timely interventions by the regulator. The overall outlook for industry remains positive as India treads on its growth trajectory

The Company has one reportable segment i.e. trading in shares, securities and derivatives. During the financial year 2024-25 the investment made by the company in various mutual fund have shown positive growth as compared to the previous year There is a general expectation of further improvement in the economy and investment climate as the stable government is operating in the country and it is expected that there would be more opportunities in the financial markets.

The Company has one reportable segment. At present the country is going through moderate inflationary phase of the economy and it is expected that in coming times the inflation may be even lower. The government is expected to take bold steps to bolster the economy and if this happens there will be more opportunities in the market. But if there is no control on the inflation and the interest rates prevails at a higher level, there would be fewer opportunities in the financial markets.

The outlook of the main financial market is bright as the FIIs are investing considerable amount of money in the Indian Financial Market and domestic Insurance Companies are also investing prudently in the markets particularly in PSU shares which are heavily depressed at present. The benefits of stable government at Centre will accrue to the markets as there will be policy initiatives by the stable government in the changed political environment. Indian Corporate has shown resilience in their operations even in difficult times.

We expect to delivered sustainable performance in coming year despite of market headwinds. Our strategy is to further diversify our business model towards more annuity sources of earningS.

The Company is operating in domestic financial markets. Any adverse changes in the interest rates, inflation and other economic parameters would highly influence the operation of a company.