Motor & General Finance Ltd Management Discussions

Managements Discussion & Analysis for the year, as stipulated under Schedule V of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,2015 ("SEBI Listing Regulations), as amended forming part of this Annual Report containing the Industry Structure, Performance, Threats. Outlook, Risk and Concerns, Internal Control systems are given as under : -

Industry Structure, Performance & Development

The company is continuing its business on Renting & Leasing of properties.

Opportunity

The Company has already obtained the members approval through Postal Ballot u/s 180(1)(a) of the Companies Act,2013 for the sale, lease, transfer or otherwise dispose of project, namely, MGF Market Place, Shalimar Place, New Delhi-110088 and A-30, Mohan Cooperative Industrial Estate, Mathura Road, New Delhi-110044. The management is hopeful that by realizing maximum sale proceeds thereof, may strengthen the working and operations of the company.

Risks, Concerns & Threat

The company has an elaborate Risk Management reporting system, which is designed to enable risks to be identified, assessed and mitigated appropriately. The Board has constituted a Risk Management Committee to identify elements of risk in different areas of operations. The Board has formulated a Risk Management Policy for actions associated to mitigate the risks. The Board oversees the Risk Management Report detailing all the risks that the company may face such as Commercial, Operations ans Safety, Human Resource, Compliance and Financial and there is an adequate risk management infrastructure in place, capable of addressing those risks

Business risk evaluation and management is an ongoing process within the company and the assessment is periodically examined by the Board.

Internal Control & their Adequacy

The Motor & General Finance Limited relies on Internal Control Systems(ICS) to ensure that operations are efficient and adhering to the policies, procedures and guidelines in compliance with laws and regulations that are aimed at facilitating risk management and protecting the Companys assets. Your company has an adequate system of Internal control, designed to provide reasonable assurance that assets are safeguarded, transactions are executed in accordance with the managements authorization, and properly recorded. Accounting records are adequate for the preparation of financial statements and other financial information. Besides, the management has put in place a system for review and monitoring of non-performing assets of the company for effecting recoveries.

Human Sources

The company has completed 94 years of its operations and through friendly work environment, the company has been able to tackle the issues and emerged successfully with sheer determination and passion of its dedicated employees who are the most valuable asset of the organization. The company has cordial relation with employees and hence there is mutual respect and admiration for each other. Directors wish to record their appreciation for the cooperation received from all employees.

Disclosure of Accounting Treatment

The financial statements have been prepared in accordance with the applicable accounting standards.

Disclaimer

Certain Statements in the Management Discussions and Analysis describing the companys reviews about the industry, expectations, objectives, etc may be understood within the meaning of applicable laws and regulations. Factors like changes in Government regulations, tax laws and other factors such as industrial relations and economic developments, etc may further influence in companys operations or performance.

COMPLIANCE CERTIFICATE BY CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER UNDER REGULATION 17(8) OF SEBI(LODR) REGULATIONS, 2015

A. We have reviewed Standalone and Consolidated Financial Statements and the Cash Flow Statements for the year and that to the best of our knowledge and belie that :-

1. These statements do not contain any materially untrue statement or omit any material fact or contain statement that might be misleading.

2. These statements together present a true and fair view of the companys affairs and are in compliance with existing accounting standards, applicable laws and regulations.

B. These are to the best of their knowledge and belief, no transactions entered into by the listed entity during the year ended March 31,2025 which are fraudulent , illegal or in violation of the companys code of conduct.

C. We accept responsibility for establishing and maintaining internal control for financial reporting and that we have evaluated the effectiveness of internal control systems of the listed entity pertaining to financial reporting and we have disclosed to the Auditors and the Audit Committee, deficiencies in the design or operation of such internal control, if any, in which we are aware and the steps we have taken or propose to take to rectify these deficiencies.

D. We have indicated to the auditors and the Audit Committee

(1) Significant changes in internal controls over financial reporting during the year

(2) Significant changes in accounting policies during the year and that the same have been disclosed in the notes to the financial statements; and

(3) Instances of significant fraud of which we have become aware and the involvement therein, if any, of the management or an employee having a significant role in the entitys internal control systems over financial reporting.

for THE MOTOR & GENERAL FINANCE LTD	for THE MOTOR & GENERAL FINANCE LTD
(RAJIV GUPTA)		(M.K. MADAN)
CHAIRMAN & MANAGING DIRECTOR & CEO		VICE PRESIDENT & CO. SECRETARY & CFO
DIN:00022964		(ACS-2951)

 

Place: New Delhi

Date: August 11, 2025