Kiduja India Ltd Management Discussions

Kiduja India Limited ("the Company") is a Non-Banking Finance Company "NBFC" registered with the Reserve Bank of India as a Non-deposit taking NBFC classified as an Investment and Credit Company (NBFC-ICC) in the Base Layer under the RBI Scale Based Regulation framework.

The Companys business is primarily dependent on investments in the capital markets and, accordingly, its performance is influenced by prevailing market conditions. Volatility in domestic and global financial markets, geopolitical developments, changes in interest rates, economic uncertainty and other macroeconomic factors may adversely affect the value and returns from the Companys investment portfolio.

The Company has borrowings in the ordinary course of its business. The management continues to monitor its liquidity position, investment portfolio and financial obligations with a view to ensuring timely servicing of its obligations and mitigating the financial risks arising from market volatility. The Company continues to evaluate investment opportunities having regard to prevailing market conditions and its risk management framework.

The Companys business activity falls within a single business segment i.e. Investment and dealing in Shares and Securities. More detailed information on the business and financial performance of the Company is covered in the Boards Report which is a part of this integrated annual report.

Outlook: The Company will continue to focus on its investment activities while maintaining a prudent approach to liquidity, leverage, market risk and regulatory compliance. The outlook remains dependent on capital market conditions and the broader economic environment.

The Company is exposed to specific risks which are peculiar to its business and the environment within which it operates including economic cycle, market risk and credit risks. Managing risk effectively also helps in achieving the desired outcome, while fixing responsibility and accountability. The Company especially focuses on improving sensitivity to assessment of risks and improving methods of computation of risk weights and capital charges. The risk assessment and mitigation procedure are reviewed by the Board periodically.

The Company has an effective internal control system, commensurate with its size and nature to ensure smooth business operations, in order to provide reasonable assurance that all assets are safeguarded and protected from any kind of loss or misuse, transactions are authorized, recorded, and reported properly and that all applicable statutes and corporate policies are duly complied with.

Total Profit after Tax for the financial year ended on 31st March 2026 stood at Rs.22,275.07 thousand as against loss of Rs.62,586.08 thousand for the financial year ended on 31^st March 2025.

The Company believes that employees are key to achieve the Companys objectives and strategies. The Company provides to its employees a fair and equitable work environment and support from their peers with a view to develop their capabilities leaving them with the freedom to act and to take responsibilities for the task assigned. They provide employees outstanding career development opportunities and reward to the staff for their good performance and loyalty to the organization.

As on 31st March 2026, the permanent employee of the Company was 2 persons. Considering the size and nature of operations of the Company, there were no material issues on the Industrial Relations front.

At the beginning of the financial year, there were also 2 permanent employees.

Details of significant changes (i.e. change of 25% or more as compared to the immediately previous financial year) in key financial ratios:

• Debtors Turnover - N.A.

• Inventory Turnover - N.A.

• Interest Coverage Ratio - N.A.

• Current Ratio - N.A.

• Debt Equity Ratio - N.A.

• Operating Profit Margin (%) - N.A.

• Net Profit Margin (%) - N.A.

Details of any change in Return on Net Worth as compared to the immediately previous financial year along with a detailed explanation thereof

During the year under review the net worth of your Company was negative and as such it is not possible to compute the Return on Net Worth. However, for FY 2025-26 your Company has made a Profit of Rs. 22,275.07 thousand and for the preceding year FY 2024-25 had made loss of Rs.62,586.08 thousand.

Statement in Management Discussion and Analysis may be forward looking within the meaning of applicable securities laws and regulations. Many factors may affect the actual results, which could be different from what the Directors envisage in terms of future performance and outlook. The Company assumes no responsibilities in respect of the forward-looking statements herein, which may undergo changes in future on the basis of subsequent developments, information, or events.