Golkonda Aluminium Extrusions Ltd Management Discussions.

(A) Industry Structure:

The Company does not have any aluminium manufacturing operations as the production is closed since July 2013. The Company sold its land & building and other substantially whole of assets in financial year 2016-17, pursuant to resolution passed through postal ballot by members of the Company on 18th March, 2016.

Pursuant to the special resolution passed in the AGM held on 17th November, 2018 with regard to the reduction of share capital of the Company, the capital of the Company was reduced by 70% of existing equity shares and by 55% of the existing preference shares, pursuant to the approval of the scheme of reduction of share capital of the company by NCLT vide its order dated 16th September, 2019.

The promoters are in discussions with the management regarding future business plans of the company. Hence, the industry structure is not being discussed in the current circumstances.

(B) Risk, Concerns, Opportunities and Threats

Same as above, and company is re-evaluating its business options.

(C) Internal Control Systems and Their Adequacy

The Company has internal control system commensurate with its size and nature of business to ensure that all assets are safeguarded and protected against unauthorised use and that all transactions are authorised, recorded and correctly reported. The audit observations and corrective action taken thereon are periodically reviewed by the independent audit committee to ensure effectiveness of the internal control system.

(D) Financial and operational results

The Company had stopped production in July 2013. Hence, there were no operations in the year ended 31.03.2020.

(E) Human Resource/Industrial Relations

As the production of the Company is discontinued with effect from July, 2013 there are no workmen. The Company has settled all the pending issues with the workmen by entering into mutual agreements with them and also paid all the amounts payable to workmen.

(F) Outlook

The Board of Directors and the Management of the Company are pursuing various available options to rehabilitate the Company and considering future business plans for the Company.

(G) Cautionary Statement

The statements in this section describe the Companys objectives, projections, estimates, expectations and predictions, which may be "forward looking statements" within the meaning of the applicable laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make difference to the Companys operations include economic conditions affecting demand/supply and price conditions in the domestic and overseas markets in which the Company operates, changes in the Government regulations, tax laws and other incidental factors.