Gujarat Lease Financing Ltd Management Discussions.

Industry structure and developments

The Company had discontinued its business operation a very long back and as such not carried on any new business during the year under review. However due to Covid-19 Virus Pandemic from March, 25, 2020 onwards, the activities of the Company closed due to lockdown imposed by the Government affected to some extent. However, there is no major impact of Industry structure and developments on a Company.

Opportunities and Threats

As the business of the Company had been stopped since 2000, the management is not looking for suitable business opportunities to restart any operation right now. Considering the present condition of the Company there is no threats to the Company.

Segment–wise or product-wise performance

At present, the Company does not have any product manufacturing activities or provide any services and hence it was not required to provide segment wise or product wise performance of the Company.


The Company do not envisage any new business opportunity in the near future.

Risks and concerns

The Company does not have any operational activities and income, however the Company has income from other sources viz. interest on investments which may attract interest rate risk. The Company has made diversified investment in fixed deposit to mitigate risks posed by external environment.

Internal control systems and their adequacy

During the year under review, the Company has appointed external independent person to carry out internal audit of the Company. The Internal Audit Reports are reviewed by the Audit Committee of the Board from time to time and no weakness was found in the existing internal control system. The present internal control mechanism is adequate looking to the size and the nature of the business of the Company. The Company has also laid down adequate internal financial controls.

Discussion on financial performance with respect to operational performance

The Company does not have any operational activities, as such the financial performance of the Company are not comparable with the operational performance during the year under review.

Material developments in Human Resources

The Company has duly appointed Key Managerial Personnel in compliance of the Companies Act, 2013 and Rules made there under as well as SEBI (LODR) Regulations,2015 during the year under review..

Cautionary statement

Statements in this Management Discussion and Analysis describing the Companys objectives, projections, estimates and expectations may be forward looking within the meaning of applicable laws and regulations. Actual results may differ from those expressed or implied.