Infronics Systems Ltd Management Discussions

1) Business Overview & Strategic Update

During the Financial Year 2024-25, the Company continued its SMS-based enterprise communications business under BSNL contracts serving various banks. Subsequent to the year end (FY 2025-26), these contracts were fully concluded and not renewed. As a result, there are presently no active operating contracts. The management is exploring and researching on developing a technological product, aligned with the Companys capabilities.

• Operations: Financial Year 2024-25 reflected service execution under BSNL contracts; post year end, all such contracts concluded and were not renewed.

• Liquidity: The Company has sufficient cash balances to settle all liabilities as at March 31, 2025 and obligations estimated to arise over the next twelve months. Treasury management remains conservative while strategic options are assessed.

Internal controls: Management believes controls are adequate and commensurate with activities.

Your Company considers the quality of its human resources to be the most important asset and constantly endeavors to attract and recruit best possible talent. Our training programs emphasize a general management perspective to business. The Company continues to empower its people and

provide a stimulating professional environment to its officers to excel in their respective functional disciplines.

The industrial relations of the Company continue to remain harmonious and cordial with focus on improving productivity and quality. The total number of employees as on March 31, 2025 are 3 (Three).

The Net Worth of the company for FY 2024-25 is Rs.3,34,68,421.18/- and the Net Worth for FY 2023-24 is Rs.2,22,31,398/-

The statements made in this report describe the Companys objectives and projections that may be forward looking statements within the meaning of applicable laws and regulations. The actual results might differ materially from those expressed or implied depending on the economic conditions, government policies and other incidental factors, which are beyond the control of the Company.

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.

Infronics Systems Limited ("the Company") is committed to conducting its business in accordance with the applicable laws, rules and regulations and with highest standards of business ethics. The Board of Directors of the Company, in compliance of Regulation 17(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, has laid down the Codes of Conduct for all the Board Members and the Senior Management Personnel of the Company, which have also been posted on the website of the Company viz. www.infronics.in