Hasti Finance Ltd Management Discussions

The company is a public limited company carrying on business of providing financial services to the public. Company has its registered office in Chennai, Tamilnadu. The company is listed on BSE Limited. Financial statements of the company are prepared in accordance with the Indian Generally Accepted Accounting Principles (GAAP). GAAP comprises mandatory accounting standards as prescribed under Section 133 of the Companies Act, 2013 (the Act) read with Rule 7 of the Companies (Accounts) Rules, 2014 and guidelines issued by the Securities and Exchange Board of India (SEBI). Accounting policies have been consistently applied, except where a newly-issued accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use.

INDUSTRY STRUCTURE AND DEVELOPMENT:

Hasti Finance Limited is a Non-Deposit Accepting Non-Banking Finance Company. The main functions of the company are to offer loans to its customers i.e. both retail customers and corporate customers. The organization is making efforts to increase the business of the company by expanding its customer base in different areas.

OPPORTUNITY AND THREATS, OUTLOOK, RISK AND CONCERNS:

The company is a finance company and the financing is a fast growing industry in the present scenario. It also involves high level of risk and competition in the market and to overcome such situations the company is adopting different types of marketing strategies to enhance its business activities.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The company has adequate internal control system with regard to purchase of fixed assets, investment, income, etc. The internal control system is supplemented by well documented policies and guidelines which are periodically reviewed by the top management.

FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE:

During the year, the Income of the Company was Rs. 45024.52 and the Profit/ Loss after Tax was Rs. (815,542.85) (Previous Year: Income Rs. 45024.52 and Profit after Tax of Rs. (51109.86). The Companys Net Worth as on March 31, 2025, stood at Rs 11,89,420 as against 20,35,027.95 last year

MATERIAL DEVELOPMENT IN HUMAN RESOURCES / INDUSTRIAL RELATIONS FRONT, INCLUDING NUMBER OF PEOPLE EMPLOYED: Not applicable

INVESTMENT IN OTHER COMPANY:+

During the year Company has made investments in other Body Corporate. The Company has investments in the following companies:

DETAILS OF ANY CHANGE IN RETURN ON NET WORTH AS COMPARED TO THE IMMEDIATELY PREVIOUS FINANCIAL YEAR ALONG WITH A DETAILED EXPLANATION

The Companys Net Worth as on March 31, 2025 stood at (amount in hundred) Rs. 1189425.74 as against (amount in hundred) Rs. 2035028 last year.

CAUTIONARY STATEMENT:

Statements in the Managements Discussion and Analysis describing the Companys projections, estimates expectations or predictions within the meaning of applicable securities laws and regulations. These forward-looking statements are based on certain assumptions and expectations of future events over which the Company exercises no control. The Company cannot guarantee that these assumptions and expectations are accurate or will be realized. Actual results may differ materially from such estimates, projections, etc. whether expressed or implied.

FORWARD LOOKING STATEMENT:

The company is planning to expand its business by enhancing its customer base and by adopting different marketing strategies to capture a huge market area.