Gujarat Toolroom Ltd Management Discussions.

a. Industry Structure and Developments:

The real estate sector in the country is one of great importance. India leads the pack of top real estate investment markets in Asia.The sector as a whole has been performing very well over the past decade, especially given the property prices rally experienced in most developed economies. Real Estate sector is not only the biggest contributor to Gross Domestic Product (GDP) of the country but is also the fourth largest sector in terms of Foreign Direct Investment (FDI) inflows in the country.

b. Opportunities and Threats:

Our Companys core business area of operation is in the state of Gujarat. Gujarat is one of the emerging states of India where Real estate development is on high and it is attracting the focus of the industry towards construction. The Companys registered office is situated in Ahmedabad. Ahmedabads real estate market is booming because of to the huge growth of its industrial sector and overall high rate of development, both in commercial and residential terms. It is the largest city of Gujarat, and also its commercial capital. Hence Our Company expects high growth in the upcoming years.

c. Segment wise Performance:

During the year the Company has not achieved a notable progress in its operations but due to its future expansion plans, projects and emerging opportunities your directors expect increase in its revenue and income. Our Companys operations belong to a single segment and therefore no segment wise performance given.

d. Recent Trend and Future Outlook:

The real estate market in which the Company has been operating is developing faster and provides ample growth opportunities. Further due to rise in foreign direct investment in the sector, Company will be able to develop projects at fast pace and looking forward for better development and high investment returns.

e. Risk and Concerns:

Long term market instability and uncertainty may damage the opportunities and prevent the expansion of training and development facilities. The current economic situation may have an adverse impact on construction industry. Infrastructure safety is a challenging task in construction industry. Natural abnormal casualties such as earth quake and floods are uncertain and can prevent the construction boom.

f. Internal Control Systems and their Adequacy:

The Company has adequate systems of internal Controls commensurate with its size and operations to ensure orderly and efficient conduct of business.

g. Financial Performance with respect to operational performance:

The Financial performance of the Company for the year 2018-2019 is described in the Directors Report under the head operations.

h. Material developments in Human Resources/Industrial Relations front, including the number of people employed.

During the year under review, no such initiatives and/or developments in Human Resources/Industrial Relations front has been taken by the Company.

i. Cautionary Statement:

Statement in this Management Discussion and Analysis Report, Describing the Companys objectives, estimates and expectations may constitute Forward Looking Statements within the meaning of applicable laws or regulations. Actual results might differ materially from those either expressed or implied.

Place: Ahmedabad For and on behalf of the Board
Date: 25/05/2019 -SD-
Vishal Shah
Chairman
(DIN: 03279724)