Mega Nirman & Industries Ltd Management Discussions

The Management Discussion and Analysis Report of your company for the financial year ended on 31^st March, 2024 are as under:

The Company is involved in the business of acquiring, dealing in other precious metals, precious stones, jewelry and buying, selling and dealing, wholesale and retailing, in precious metals, precious stones, jewelry and articles made of precious metals, precious stones articles of virtue and objects of art.

Company has recently started working on EV (Electric Vehicle) charging.

We have also applied for a trademark under the name Megacharge. MegaCharge offers comprehensive EV charging solutions including public charging stations with battery swapping and Level 2 AC charging, residential and fast DC chargers, and an app that integrates various charging stations.

During the current financial year the Company has made turnover of Rs. 23.97 Lakhs.

Mega Nirman & Industries Limited has very strategically build the business to achieve profitable growth while maintaining a healthy Balance Sheet. In times like now, the Company is ahead in the game to not only follow through on the existing growth plans but capitalise on the market opportunity aiming for superior results.

• Increased scalability in adjacent categories

• Advent of new digital platforms

• Advanced manufacturing facilities

• Reinforcing the deep discounting proposition

• Replicability and scalability across developing countries

• Business-friendly government policies

Threats:

• Low-cost end-to-end business model being adopted by existing or new competitors.

• Increase in cyber threats.

A comparative table showing synopsis of FY 2024 vs. FY 2023 is provided below:

(Rs. In Lakhs)

A comparative table showing synopsis of FY 2024 vs. FY 2023 is provided below:

(Rs. In Lakhs)

The Company has mainly one reportable business segment; hence no further disclosure is required under Indian Accounting Standard (Ind AS) 108 on Operating segment.

Please refer to Para 12 of the Boards Report

Please refer to Para 13 of the Boards Report

Please refer to Para 18(xi) of the Boards Report

The statements made in this report describe MNILs objectives, expectations and projections that may be forward looking statements. The actual results might differ materially from those expressed or implied depending on the economic conditions, government policies and other incidental factors, which are beyond the control of the Companies Management.