gallops enterprise ltd Management discussions

MANAGEMENT DISCUSSION & ANALYSIS REPORT

Industry structure & developments Indian Economy

After completing two phase of pandemic Indian Economy is now at stage of restarting its business and industrial affairs and market is reestablishing its marks with various ongoing circumstances. On the back of a coordinated policy response from both fiscal and monetary sides, India is poised to grow at the fastest pace year-on-year among all major economies.

The Indian real estate sector showing quick recovery form covid cries; after easing covid restrictions stabilization of the commercial segment noticed Most of the offices have started moving towards mixed work arrangements, with a combination of work from office and work from home.

Outlook

While 2021 may still be reeling with a pandemic-affected economy, the plans for a sector-wide recovery have already been laid out. Backed by positive economic fundamentals, healthy demand, and quality supply infusion across sectors, Indias real estate sector is prepared for robust growth. When the second wave of the pandemic erupted as a successive crisis, our faith in the nations resistance didnt waiver, and so, India did overcome the meltdown. From here, the future seems positive now.

Risk & Concerns

After surviving in COVID pandemic for two years individuals and business are facing financial instability. Industry is slowly moving forward and in stage investments and long-term planning of finance is quite uncertain. This current scenario has direct impact on real estate sector.

Segment -wise or product wise performance

There is no reportable segment as per Ind AS-108, as during the year under report the company undertakes its business activities only in "Real Estate" therefore no segment wise disclosures are required.

Internal Control Systems & their adequacy

The company has placed adequate and effective system of internal controls, which are wisely commensurate with the nature of business and its scale of operations. Reviews of the audit plans, significant audit findings, adequacy of internal controls, compliance with accounting standards including any changes in that is a regular course of action of the companys Audit committee. The Statutory Auditors of the Company have also, in their report to members for the financial year ended on 31st March 2022, confirmed the adequacy of internal control system of the Company.

Material Development in Human Resources

The company recognizes the fact that manpower is the most vital resource for any business. The company has been trying its best to provided employee friendly working environment with attractive remunerations. However, going forward company may face challenge in this area.