Hindustan Bio Sciences Ltd Management Discussions

Industry structure and developments

The Companys sales decreased compared to the previous year, primarily due to delays in the license renewal process in Sri Lanka. The renewal process impacted our ability to operate at full capacity, which in turn affected revenue generation during the reporting period.

The Board recognizes that reliance on timely regulatory approvals in key markets presents an operational risk. Any recurrence of such delays, in Sri Lanka could lead to extended disruptions, reduced revenue,

Internal control systems and their adequacy The internal control systems are adequate to the size and nature of operations of the company.

Our Company continues to have cordial relations with its employees and other stakeholders.

The Company has complied with the appropriate accounting policies and has ensured that they have been applied consistently. There have been no deviations from the treatment prescribed in the Accounting Standards notified under Section 133 of the Companies Act, 2013.