Landmarc Leisure Corporation Ltd Management Discussions

The Company is into the business of trading.

The key issues of the Management Discussion and Analysis are given hereunder:

Industry Structure and Development

The recent global economic situation has witnessed immense highs and lows including some unfortunate happenings. Timing is the most important factor while trading. This fluctuates on rapid basis. According to experts most of the time markets have overvalued or undervalued. With the help of Indian market today one need to test ones financial knowledge, analytical capabilities, thought process and mental strength.

Segment-wise or product-wise performance

The Company is into following Segments:

1. Packaged Bottle Business

2. Motion Pictures Business

3. Consultancy

Outlook

Landmarc Leisure Corporation Limited remains confident of the long-term growth prospects & opportunities ahead of it in its business.

Risk and Concerns

The major risk and concerns for the Company is changes in government policy. Also, there is general market risk due to volatile geo political situation.

Financial Performance:

The Company reported a Net Loss after tax of Rs. 65.41 (Rs. In Lakhs) for F.Y. 2025-26, compared to a Net Profit after tax of Rs. 25.47 (Rs. In Lakhs) in F.Y. 2024-25.

Internal control system and adequacy

The system of internal control has been established to provide reasonable assurance of safeguarding assets, maintenance of proper accounting records in compliance with applicable Laws and Regulations to ensure reliability of financial statements and reports. The Statutory Auditors and the Audit Committee review all financial statements and ensure adequacy of internal control systems.

Opportunities and Threats

The strength of a company is known from sound advices. It also depends on the Government policiesof taxation. Introduction of GST may give a big boost to the market.

Risks Management

Risk evaluation and management of risk is an ongoing process in the company.

Human Resources

Since your Company is in the trading industry, the criticality of talented man-power and their retention needs no emphasis. Your company is in the process of working out a comprehensive plan to attract, motivate and retain highly skilled and technically competent man-power.

Details of Significant Changes in Key Financial Ratios along with detailed explanations therefor

Details of significant changes (25% or more as compared to the immediately previous Financial

Year) in key financial ratios in 2025-26

Particulars	Variation (%) Increase/ (Decrease) over previous Financial Year
Debtors Turnover Ratio	The Debtors Turnover Ratio for the year stood at 0.06 times, as compared to 2.37 times in the immediately preceding financial year. The decline due to significant reduction in Turnover.
Inventory Turnover Ratio	The Inventory Turnover Ratio for the year stood at 1.47 times, as compared to 21.79 times in the immediately preceding financial year. The ratio declined by 93.25% during the year, indicating a decrease in the efficiency of inventory utilisation and turnover.
Interest Coverage Ratio	Not Applicable as the Company does not have Interest expenses in the current year.
Current Ratio	The Current Ratio for the year was 3.36 times as compared to 2.00 times in the immediate previous financial year. There is change in this ratio by 68% due to Increase in net cash flow for the year and reduction in payables.
Debt Equity Ratio	The Debt-Equity Ratio decreased from 0.16 times in FY 2024-25 to 0.03 times in FY 2025-26, representing a decrease of 81.25%.
	The decline indicates a substantial reduction in the companys dependence on debt relative to shareholders equity. This may be attributed to repayment of borrowings, an increase in shareholders funds, or both. The lower ratio indicates reduced financial leverage and lower financial risk.
Operating Profit Margin (%)	The Operating Profit Margin declined by 141.67%, from 3.72% to -1.55%.
	The Operating Profit Margin declined from 3.72% to -1.55%, indicating that the company moved from making an operating profit to incurring an operating loss.
Net Profit Margin (%)	The Net Profit Margin for the year was -943.86% as compared to 22.06% in the immediate previous financial year.
	The decline may be attributed to increased operating and finance costs, higher depreciation or impairment expenses, exceptional losses, and/or a significant reduction in revenue.

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

The Return on Net Worth decreased from 1.00% in FY 2024-25 to -1.86% in FY 2025-26.

The negative RONW indicates that the company was unable to generate a positive return on shareholders funds and incurred a net loss during FY 2025-26. The decline may be attributed to lower profitability, increased operating and finance costs, and other losses, which adversely affected the return generated on the shareholders net worth.

Cautionary Statement

Statements in the Management discussion and analysis describing the companys objectives, projections, estimates and expectations may be "forward looking statements" within the meaning of applicable laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the companys operations include economic conditions affecting demand/supply and prices, conditions in the domestic and overseas markets in which the company operates/ going to operate, changes in government regulations, tax laws and other statutes and other incidental factors.