MPIL Corporation Ltd Management Discussions

The Company does not carry on any manufacturing or sales activity and therefore there are no reportable segments in the Company operations. The surplus funds of the Company are invested in money market instruments which generates investment income. The Company also derives income from lease of its assets and business support services. Details of these incomes are separately disclosed in the financial statements. The revenues are utilized to maintain the assets of the Company.

The company has an appropriate system of internal control. The Company ensures adherence to internal control policies and procedures. Internal audit is conducted on a periodical basis to review internal controls. The Audit Committee of the Board of Directors reviews the reports of the internal audits conducted and the adequacy of internal control systems.

During the year under review, the Company recorded a loss of Rs. (222.76) lakhs before depreciation and tax as compared to loss of Rs. (48.03) lakhs in the previous year. The said loss is due to the reduction of share market price of Foods and Inns Limited in which company has done investments.

During the year, relations with employees remained cordial. As on 31^st March, 2025, the Company had 2 employees on its roll.