Hindustan Appliances Ltd Management Discussions.

I) Industry Structure and Developments :

There is fierce competition in the business of Leasing and Finance activity and Service activity which is normal for any business.

II) Opportunities and Threats :

The Company sees good opportunity in the areas in which it operates. The Company perceives normal business threats of competition from new entrants.

III) Segment-wise or Product-wise Performance :

The performance of the company in Leasing and Finance activity activity is stable.

IV) Outlook :

The outlook of the Company is positive.

V) Risks and Concerns:

The Company perceives normal business risks and concerns.

VI) Internal Control systems and their adequacy:

The Company has adequate internal control systems.

VII) Discussion on financial performance:

The Company has earned Gross total income of Rs. 46.87 Lakhs for the year under report as against Rs. 53.53 Lakhs in the previous year.

VIII) Material developments in human resources / Industrial Relations front, and number of people employed:

There are no material developments in human resources front. No. of employees : 4

For and on behalf of the Board of Directors
Kalpesh R. Shah Sanjay A. Desai
Managing Director CFO / Director
DIN : 00294115 DIN : 00671414
Sunil H. Shah Niyati Sengar
Director Company Secretary
DIN : 02775683 M. No. : 50803
Place : Mumbai
Date : 26th April, 2019.