KD Leisures Management Discussions

Your Directors have pleasure in presenting the Management Discussion and Analysis report for the year ended on 31st March, 2022.

Statements in this Management Discussion and Analysis of Financial Condition and Results of Operations of the Company describing the Companys objectives, expectations or predictions may be forward looking within the meaning of applicable securities laws and regulations. Forward looking statements are based on certain assumptions and expectations of future events.

The Company undertakes no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned not to place undue reliance on these forward looking statements that speak only as of their dates.

1. Industry Structure and Developments

The Financial Year 2021-22 was a move forward year ahead of global COVID-19 Pandemic outbreak and impact the world at its steady growth which resulted to fall our economy sharply by 4.9% in 2021, much worse than Financial Crisis during 2008-09. The Directors of the Company are making their continuous efforts to revive the business at its peak. Also, The Board of Directors has always considered the proposals for diversification into the areas from time to time which would be profitable for the Company.

For this purpose, the object clause of the Company which is currently restricted its scope, required to be so made out to cover a wide range of activities to enable your company to consider embarking upon new projects and activities.

2. Opportunities and threats

Our Company is exposed to specific risks that are particular to its business and the environment within which it operates including interest rate volatility, economic cycle, and market risk.

3. Segment-wise or product-wise performance

During the year under review, since Company is being working in a single segment i.e. Hotel & Restaurants, therefore the specific performance does not stand eligible.

4. Outlook

The Board of Directors and the Management of the Company are pursuing various available options to rehabilitate the Company and considering future business plans for the Company.

5. Risks and areas of concern

Our strength is our determination and team work, weakness is the low equity base, opportunities are multiples and threats are the vibrations in the economy and government policies.

In any business, risks and prospects are inseparable also, we operate in very competitive industry. As a responsible management, the Companys principal endeavour is to maximize returns. The Company continues to take all steps necessary to minimize its expenses through detailed studies and interaction with experts.

6. Internal control systems and their adequacy

The Company has carried out the internal audit in-house and has ensure that recording and reporting are adequate and proper, the internal controls exist in the system and that sufficient measures are taken to update the internal control system. The system also ensures that all transaction are appropriately authorised, recorded and reported. Exercises for safeguarding assets and protection against unauthorised use are undertaken from time to time. The Companys audit Committee reviewed the internal control system. All efforts are being made to make the internal control systems more effective. All these measures are continuously reviewed by the management and as and when necessary improvements are affected.

7. Discussion on financial performance with respect to operational performance

The financial statements have been prepared in compliance with the requirements of the Companies Act, 2013 and Generally Accepted Accounting Principles in India. Further, the financial performance during the year under reference has been impressive in terms of sales. Even though there has been a decent increase in the turnover, the volume of profits has also increased as compared to last year.

8. Material developments in human resources/industrial relations front, including number of people employed.

The company recognizes the importance of human value and ensures that proper encouragement both moral and financial is extended to employees to motivate them. The company enjoyed excellent relationship with workers and staff during the last year.

9. Cautionary Statement

The statements in the "Management Discussion and Analysis Report" section describes the Companys objectives, projections, estimates, expectations and predictions, which may be "forward looking statements" within the meaning of the applicable laws and regulations. The annual results can differ materially from those expressed or implied, depending upon the economic and climatic conditions, Government policies and other incidental factors.

For & on behalf of the Board
KD Leisures Limited
Mandeep Singh Thukral Parminder Singh
Managing Director Director
DIN: 09160320 DIN: 09160424
Add: House No. 102-G, Bhai Add: House No. 202M, Street
Date: 01/09/2022 Randhir Singh Nagar, No. 3, Ward No. 3, Dalip Singh
Place: Mumbai Ludhiana-141001-Punjab Nagar, Khana, Ludhiana-