Manor Estates & Industries Ltd Management Discussions

1. FORWARD-LOOKING STATEMENTS

Work on the companys real estate project is moving at a slower than expected pace, however, final layout permission is expected to be received in the current year.

2. OPPORTUNITIES & THREATS:

The companys project is receiving good enquiries from perspective customers however NRI investments in the real estate sector in the area of the companys project is lukewarm due to current geopolitics.

Your directors are working to substantially increase your companys market capitalisation and are also considering inorganic alternatives.

The company is also examining purchase of real estate assets in peripheral areas of major metro cities which have huge potential for value appreciation in the near term.

Your directors aim to achieve maximum value addition by astute use of the companys resources. However, geopolitics can alter any situation and crumple every pie in the oven.

3. OUTLOOK:

Your company has been following the philosophy of providing the highest quality products and services at the lowest possible prices. Your companys philosophy to provide high class quality products i.e. full value for money, to consumers would greatly benefit in the long run. Your company will continue to follow this philosophy in the new operations too.

4. RISKS AND CONCERNS:

The company has no secured or unsecured loans. The company does not foresee any area of risk or concern. However, the outcome of the real estate activities depends on the continued robust growth of this sector.

5. INTERNAL CONTROL SYSTEMS:

The company has proper and adequate systems of internal controls in order to ensure that all assets are safeguarded against loss from unauthorized use or disposition and that all transactions are authorized recorded and reported correctly. An Audit Committee headed by a non-executive independent director is in place to review various areas of the control systems.

6. DISCUSSION OF FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE:

The details of the financial performance of the Company are appearing in the Balance Sheet, Profit & Loss Account and other financial statements etc. appearing separately. Highlights for the year 2024-25 are as under:

Particulars	Amount (Rs. in lakhs)
Gross income for the year 2024 - 2025	150.16
Provision for taxation	5.65
Profit after tax/ (Loss)	59.79
Paid up equity share capital as on 31st March, 2025	823.50

The financial performance of the Company has been explained in the Directors Report appearing separately.

7. HUMAN RESOURCES:

At present the company has no employees other than the key managerial personnel.

8. CAUTIONARY STATEMENT:

Certain statements in the Management Discussion and Analysis describing the companys views about the industry, expectations/predictions, objectives etc, may be forward looking within the meaning of applicable laws and regulations. Actual results may differ materially from those expressed in the statement. Companys operations may inter-alia affect with the supply and demand situations, input prices and their availability, changes in Government regulations, tax laws and other factors such as Industrial relations and economic developments etc. Investors should bear the above in mind.

9. INDUSTRY STRUCTURE AND DEVELOPMENTS:

The real estate structure is the most recognised sector, globally. It comprises: housing, hospitality, commercial and retail. The growth of this sector is complemented by the change in the corporate environment and the demand for office spaces as well as urban and semi-urban accommodations. The real estate sector is dominated by the housing segment which makes approximately 80% of the real estate sector.