The key areas of management discussion and analysis are given below;
INDUSTRY STRUCTURE AND DEVELOPMENTS
Company is under process of major change w.r.t. capital structure and business operations. Company has undergone diversification and entered into new Business Segment of Agriculture in the year 2020-2021. Further the Business operations are highly affected due to Nationwide lockdown and COVID 19 pandemic situation.
Management is in process of finding new markets and business avenues keeping in mind current economic conditions.
FINANCIAL PERFORMANCE
The financial performance of the company for the year under review is discussed in detail in the directors report.
SEGMENT WISE PERFORMANCE
As there is no particular operational activity segment wise performance is not applicable.
RISK MANAGEMENT:
To manage risk of an COVID-19 outbreak within the companys premises impacting employee safety & well-being constant communication on building employee awareness, limited working from campus, proper sanitization, appropriate social distancing are already in place.
BUSINESS OUTLOOK
The markets your Company is concerned with are undergoing a massive disruption due to the outbreak of COVID-19. The situation caused by the COVID-19 pandemic continues to evolve and the effects on such markets remain uncertain.
The outlook going forward will depend, in addition to other factors, on how COVID-19 continues to affect the economy.
Decisions made by local governments or public health bodies owing to the COVID-19 pandemic, posing restrictions on physical movement of employees thereby impacting business continuity.
Our team including legal, office administration, IT enablement & IT security teams. are reviewing the situation closely and providing adequate information on the appropriate measures to be taken to remain compliant
INTERNAL CONTROLS
In response to the COVID-19 pandemic, we initiated our business continuity program in March 2020 and facilitated our employees to work remotely/work from home. Our business continuity program and the design of our processes allow for remote execution with accessibility to secure data. There were no changes to our internal control over financial reporting that have materially affected or are reasonably likely to materially affect our internal control over financial reporting during the period covered in this Annual Report
SUBSIDIARIES
Your Company has no subsidiary Companies.