Evexia Lifecare Ltd Management Discussions

ANNEXURE-A GLOBAL ECONOMIC REVIEW

Global growth is projected at 3.3 percent both in 2025 and 2026, below the historical (2000-19) average of 3.7percent. The forecast for 2025 is broadly unchanged from that in the October 2024 World Economic Outlook(WEO), primarily on account of an upward revision in the United States offsetting downward revisions in other major economies. Global headline inflation is expected to decline to 4.2 percent in 2025 and to 3.5 percent in2026, converging back to target earlier in advanced economies than in emerging market and developing economies. Growth in advanced economies was estimated at 1.7% in 2024 (projected at 1.9% in 2025 and 1.8% in 2026). Emerging and developing economies are likely to report a growth decline from 4.4% in 2023 to 4.2% in 2024(projected at 4.2% growth in 2025 and 4.3% in 2026). Global inflation was expected to decline from 6.8% in 2023 to 5.9% in 2024 (projected at 4.2% and 3.5% in 2025 and 2026 respectively). This decline is attributed to the declining impact of previous economic shocks, and labour supply improvements. Monetary policies anchored inflation, preventing wage-price spirals. Global unemployment remained steady at ~ 5% in 2024, and it is projected to hold at around 5% in 2025 before edging down to 4.9% in 2026, according to latest ILO projections.

INDIAN ECONOMIC REVIEW

The Indian economy was projected to grow at 6.5% in FY 2024-25, compared to a revised 9.2% in FY 2023-24. This was a four-year low due to sluggish manufacturing and investments. Indias nominal GDP (at current prices) is estimated to attain a level of H331 trillion in FY 2024-25 (H301 trillion in FY 2023-24). The Indian rupee weakened 2.1% against the US dollar in FY 2024-25, closing at H85.45 on the last trading day of FY 2024-25. In March 2025, the rupee recorded the highest monthly appreciation (over 2%) in the currency since November 2018. Inflationary pressures eased, with CPI inflation averaging 4.8% in FY 2024-25, driven by moderating food inflation and stable global commodity prices.

INDUSTRY STRUCTURE & DEVELOPMENT

The ripple effects of Covid-19 pandemic, the war in Ukraine, geopolitical realignments, the rise of AI, and the devastating consequences of severe climate-change-related weather events have profoundly affected the global economy and energy system. Continued fighting in Ukraine, more than a year after Russias invasion, is now accompanied by the risk of protracted conflict in the Middle East. While some immediate pressures from the global energy crisis have eased, energy markets, geopolitics, and the global economy remain unstable, with the risk of further disruptions ever-present. After a steep decline due to COVID-19, oil demand increased to pre-pandemic levels in 2023 at 101.7 million barrels per day (Mb/d). However, growth may not last long, as peak demand is projected to materialize before 2030. Also, Fossil fuel prices are down from their 2022 peaks, but markets are tense and volatile. Amid this complex backdrop, there are signs of a change in direction. The rise of new clean energy economy, driven by deployment of low-emissions alternatives offers a promising path forward. This has in-turn reduced the rate at which new assets that use fossil fuels are being added to the energy system. The scenario does not eliminate the need for fossil fuel investment, but it diminishes the justification for increased spending. Previously, meeting projected demand in the STEPS scenario implied rising oil and gas investments throughout this decade. However, a more optimistic clean energy outlook and lower projected fossil fuel demand have changed this dynamic. Currently, investment in oil and gas is nearly double the level needed for the Net Zero Emission Scenario by 2030, indicating a significant risk of prolonged fossil fuel use that could jeopardize the 1.5 ?C climate goal. Clean electrification, improvements in efficiency and a switch to lower and zero-carbon fuels are key levers available to emerging and developing economies to reach their national energy and climate targets. Getting on track to meet these targets, including net zero goals, has broad implications for future pathways.

SEGEMENT WISE PERFORMANCE

Our Companys operations belong to a single segment and therefore no segment wise performance given.

OPPORTUNITIES AND THREATS

The Company is exploring possibilities of undertaking activity relating to trading business and commission based activities. Under the present scenario the said segment of activities is appeared to be profitable to the Company. The Company has curtailed expenditure substantially. Due to unorganized Players, recent compliance and increased competition, it has become difficult to maintain strong position in the market.

RISK CONCERNS

Your company has a robust risk management framework which is crucial for ensuring a safe, efficient, and reliable operation. This framework involves identifying, assessing, and mitigating risks to protect both personnel and assets while maintaining operational integrity. By systematically identifying, assessing, and mitigating risks, refineries can protect their workforce, minimize environmental impact, and ensure regulatory compliance. Continuous monitoring and adaptive strategies have aided in maintaining a resilient and robust risk management framework. The risk methodology categorises risks as high, medium, low and risk at radar at multidisciplinary levels.

HUMAN RESOURCES

At Evexia Lifecare, we understand that our employees are the foundation of our success and key to achieving our long-term business goals. We are dedicated to investing in their development by equipping them with essential skills, creating opportunities for growth, and fostering a supportive environment where they can excel. Our commitment to maintaining positive and collaborative relationships with employees across all locations underscores our belief that our people are at the heart of our success. We continuously strive to keep them engaged and motivated, ensuring that they remain inspired and integral to our achievements.

INTERNAL CONTROL SYSTEM AND ITS ADEQUACY

Evexia Lifecare has implemented comprehensive policies and procedures across all financial, operational, and compliance functions. We believe that robust internal controls are essential for effective governance and that our business plans should operate within a well-defined framework of checks and balances. Our internal control system is well-suited to our companys size and business nature, incorporating appropriate monitoring procedures. This system ensures that all processes are supported by documented policies, guidelines, and authorization and approval procedures.

FINANCIAL AND OPERATIONAL PERFORMANCE

Financial and Operational performance is provided in Board of Directors Report and same can be referred in point no 1 of the director reports.

CAUTIONARY STATEMENT

Statement made in this report describing the Companys objectives, projection, estimates and expectations may be "forward-looking statements" within the meaning of applicable laws and regulations. Actual results may differ materially from those expressed or implied. Important factors that could make a difference to the Companys operations include economic conditions affecting the Markets in which company operates; changes in the Government regulations; tax laws and other statutes and incidental factors.