The company s income was Rs.680.54 Lakhs which includes Rs.365.73 Lakhs towards operational income and Rs.314.81 Lakhs as other income (which includes Tax Refunds) and the company earned a pre-tax profit of Rs.269.81 Lakhs.
BUSINESS ANALYSIS OUTLOOK
The business outlook continues to be guarded and uncertain. The business of the Stock Broking is showing signs of uptick due to continued buoyancy in the stock market and the unexpected improved performance of the Corporates.
Both the Global Outlook and the Domestic Outlook continue to exhibit significant volatility. The Company is continuously scanning the environment for opportunities besides keeping a hawkish eye on the ground to avert any unforeseen mishap. Appropriate Risk Management Initiatives are continuously practiced. The Iran War and tensions in the Gulf and current volatility are causing uncertainty in the market.
RISK AND CONCERNS
The company faces the challenge of Contingent Risks which the company is not currently facing but may be exposed too. The Business environment has still not improved due to tougher regulatory conditions and the Company is not contemplating any immediate business plans. The Companies financial position also does not provide any opportunities to undertake any fund based business presently. With the merger of the subsidiary with the parent, the business focus has moved to Stock Broking and Allied
Activities. The Company expects to improve its business in the said activity.
INTERNAL CONTROL AND THEIR ADEQUACY
The company has appropriate and adequate internal control system, which are sufficient for the level of activities carried by it. The internal audit is being carried out by an external firm of Chartered Accountant and their findings are reviewed at reasonable intervals. The Board is of the opinion that the internal control system is adequate to the size of the Company s business. The company has fully computerised and integrated financial and accounting function.
INDUSTRIAL RELATIONS
The Company as on 31st March 2026 has nine employees including Two Wholetime Directors in its payroll. The relationship was cordial.
CAUTIONARY STATEMENTS
Statement in the Management Discussion and Analysis describing the Company s position and expectations may be forward looking statements within the meaning of applicable securities laws and regulation. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the Company s operations include, among others, economic conditions affecting demand/supply and price conditions in the market in which the Company operates, changes in the Government Regulations, tax laws and other statutes and incidental factors.
ANNEXURE PARTICULARS OF EMPLOYEES
a) Information as per Rule 5 (1) of Chapter XIII, Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 The ratio of the remuneration of each Director to the median employee s remuneration and other details in terms of Sub-section 12 of Section 197 of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration Managerial personnel) Rules, 2014 is as under:
| Sr. No. Disclosure Requirement | Disclosure Details | ||
| 1. Ratio of the remuneration of each Director to the median remuneration of the employees of the Company for the financial year. | Director | Title | Ratio |
| Mr. K. Chandramouli | Whole Time Director | 100.94 | |
| Mr. N. R. Divate | Whole Time Director | 100 | |
| 2. Percentage of increase in remuneration of each Director, Chief Financial Officer, Company Secretary or Manger if any, in the financial year | Director / Key Managerial Personnel | Title | % Increase / (Decrease) in remuneration |
| Mr. K. Chandramouli | Whole Time Director | 11.94% | |
| Mr. N. R. Divate | Whole Time Director | 12.47% | |
| Mr. Vinay Kulkarni* | Chief Financial Officer | 6.57% | |
| 3. Percentage of increase / (Decrease) in the median remuneration of employees in the financial year | 0.00% | ||
| 4. Number of permanent employees on the rolls of the Company at the end of the year | 3 (2 Directors + 1 CFO) | ||
| 5. Average percentile increases already made in the salaries of employees other than the Managerial Personnel in the last financial year and its comparison with percentile increase in the managerial remuneration and justification thereof and point out if there are any exceptional circumstances for increase in the managerial remuneration. | Not Applicable | ||
| 6. Affirmations that the remuneration is as per the Remuneration Policy | It is affirmed that the remuneration paid is as per the Remuneration policy of the Company and also in compliance with the relevant statutory provisions. | ||
* Mr. Vinay Kulkarni is not on the roles of the Company and is deputed by Hybrid Systems Limited. a Group Company. His Remuneration is being reimbursed by the Company to the said Group Company.
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