Mitshi India Ltd Management Discussions

<dhhead>MANAGEMENT DISCUSSION AND ANALYSIS REPORT </dhhead>

Compliance with Code of Business Conduct and Ethics

As provided under Regulation 34(3) of SEBI (LODR) regulations, 2015, the Board Members and the Senior Management Personnel have confirmed compliance with the Code of Conduct and Ethics for the year ended March 31, 2025.

Mitshi India Limited envisions a strategic transformation in its core operations, with a focus on expanding its footprint in the trading of fruits and vegetable products and enhancing its software solutions portfolio. The company is committed to leveraging technology and innovation to streamline supply chains, improve customer engagement, and explore new market opportunities both domestically and internationally.

I am beholden to each and every one of you, for having respond your trust and confidence in the management and promoters of your company. Your management has never lost hope for a bright future, and your continued patience has been a tremendous support to encourage us to make untiring and strenuous efforts to search for new avenues of business and today.

It was declared by the promoters /Management that days are not far when all and each of you is going to be rewarded for your patience in the form of dividends and capital appreciation too, unless any unforeseen circumstances disturb our plans/operations. We are trying to survive this unforeseen event and despite of the same your company is back in performance, timely we have published our view and updated to Investors and shareholders through platform of BSE Ltd Your company has achieved sales of Rs. 457.67lacs as compared to Rs. 2023.58 lakhs of last FY. Your company is trying hard to achieve better results.

The Company has adequate internal control system, commensurate with the size of its operations. Adequate records and documents are maintained as required by laws. The Company’s audit Committee reviewed the internal control system. All efforts are being made to make the internal control systems more effective.

Management indents to focus more on business of Software during the year besides its regular operations, which we have already planned.

Your company is trying hard and putting up all its resources for Value Addition to its Shareholders and Investors and economy in general.

Mitshi India is exploring opportunities beyond its traditional domains, including agro-based products, e-commerce, and logistics, aiming to build a more resilient and multi-pronged business model.

S - The Company maintains a zero-debt profile, enhancing financial stability and investor confidence. W - Return on capital employed has been falling, pointing to inefficient capital utilization. O - Growing demand for tech-enabled agriculture solutions offers a scalable growth path. T Larger players in agri-trading and tech services may challenge market share.

Your company will employ sizable people to look after the various activities and all round development of your company.

Statement in this Management’s Discussion and Analysis detailing the Company’s objectives, projections, estimates, estimates, expectations or predictions are "forward-looking statements" within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied.

Important factors that could make a difference to the Companyfs operations include global and Indian demand-supply conditions, finished goods prices, feedstock availability and prices, cyclical demand and pricing in the Company’s principal markets, changes in Government regulations, tax regimes, economic developments within India and the countries within which the Company conducts business and other factors such as litigation and labour negotiations.