Integrated Capital Services Ltd Management Discussions

MARKET OVERVIEW

The Company has been rendering Services with focus on Business Structuring, Restructuring and Turnaround. The Company is a Public company incorporated in India and has its registered office in Delhi. The equity shares of the Company are listed on the BSE Limited.

The global economy is facing geo-political challenges amidst rapid technological advancements. The outlook for India is cautiously optimistic.

OPPORTUNITIES AND THREATS

The expertise, experience and knowledge base of the Companys directors and managerial personnel will attract potential business opportunities in areas of Restructuring, Turnaround and Insolvency. The Company had developed relationships with its clients and these have been maintained over the years. These relationships are also sources of business for the Company and its associate companies.

The availability of expert and updated knowledge with the Company had been the single most factor for providing of services to clients. The Company makes constant endeavors for updation of skill sets and development of new skills amongst its employees. The Company also engages with persons and entities who are also in the same field of business.

RISK AND CONCERNS

The Company has, on continuing basis, encouraged greater use of digital technology to improve delivery contents and quality of service. Maintenance and protection of data are major concerns which are addressed on an ongoing basis.

OUTLOOK

The market activity for providing solutions to businesses is expected to grow, which will benefit the Company.

SEGMENT-WISE OR PRODUCT-WISE PERFORMANCE

The company is in a single reportable segment only, i.e., Business Advisory and Consulting Services.

BUSINESS ADVISORY AND CONSULTING SERVICES

The Company is in providing advisory services in areas of Business Structuring, Restructuring and Turnaround.

INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY

The Company has adequate internal control system commensurate with the size and nature of business. All transactions entered into by the Company are subject to checks and balances at various levels of management, are duly authorized and recorded correctly.

The Board of Directors and the Audit Committee of the Board of Directors periodically review the adequacy and effectiveness of internal control systems.

The internal control system is organized and implemented as per principles and criteria set out by the management from time to time. The Company has adopted Internal Finance Control Policy for ensuring orderly and efficient conduct of its business, safeguarding its assets, detecting and preventing frauds and errors, maintaining accurate and complete accounting records, and timely preparation of reliable financial information.

ACCOUNTS OF THE COMPANY

The Company has prepared its annual accounts as at/for the year ended March 31, 2025 in accordance with IND-AS.

Statements of Financial Accounts of the Company are for the year ended March 31, 2025 and is available on the website of the Company, www.raas.co.in.