Nagpur Power & Industries Ltd Management Discussions

Managements discussion and analysis of the financial condition and results of operations include forward looking statements based on certain assumptions and expectations of future events. The Company cannot assure that these assumptions and expectations are accurate. Although the Management has considered future risks as part of the discussions, future uncertainties are not limited to Management perceptions.

1) Business Review, Industrial Review and Future Outlook

The management of the Company has a majority stake in "The Motwane Manufacturing Company Private Limited" (MMCPL), now a material subsidiary and is looking to develop its business in electrical and electro-mechanical sector. MMCPL is also engaged in manufacturing access control equipments and underground cable fault equipments for which the progress has been satisfactory.

2) Opportunities, Threats, Risks and Concerns

The Company is now operating through its material subsidiary "The Motwane Manufacturing Company Private Limited" ("MMCPL") and is looking to develop it.

MMCPL specialized in designing & manufacturing state-of-the-art Electrical Test & Measurement Products, Entrance Security Control Products. MMCPLs R&D department is actively engaged in developing new products for Indian and international markets.

The Management of the Company meets frequently to take the stock of all the impending and immediate threats to the business and takes necessary steps for positioning of the Company to meet the same in time. Any major threats affecting the Company in general and business environment indirectly affecting the functioning of the Company are discussed with the Board from time to time.

3) Segment Wise/Product Wise Performance

The material subsidiary i.e MMCPL is engaged in 2 segments i.e Electrical and ElectroMechanical. MMCPL has recorded operational revenue of INR 6,217.54 Lakhs during the financial year under review.

4) Internal Control Systems and their adequacy

The Company has adequate internal control systems in place with reference to the financial statements and the size of its business operations. The Audit Committee of the Board periodically reviews the internal control systems with the management, Internal Auditors and Statutory Auditors and the adequacy of internal audit function, significant internal audit findings and follow-ups thereon.

5) Financial Performance / Overview of Operations

During the year under review, the revenue from operation of the Company was NIL.

Subsidiary Company and Consolidated Statements

Your Company has one material subsidiary i.e The Motwane Manufacturing Company Private Limited (MMCPL). During the financial year 2024-25, total revenue of MMCPL was INR 6,271.70 Lakhs as compared to INR 4698.69 Lakhs of previous financial year. The Company made a profit of INR 104.98 Lakhs as compared to loss of INR 58.02 Lakhs of previous financial year.

The Consolidated Financial Statements of your Company for the financial year 2024-25, are prepared in compliance with applicable provisions of the Companies Act, 2013, Accounting Standard and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Consolidated Financial Statements have been prepared on the basis of audited financial statements of the Company, its subsidiary, as approved by their respective Board of Directors.

Pursuant to sub-section (3) of section 129 of the Act, the statement containing the salient features of the financial statement of Companys subsidiary are given in AOC-1 as Annexure to the financial statements. Brief particulars about the business of the Subsidiary are given hereunder.

MMCPL is an R&D based company and has developed various high technology Test & Measurement products, Entrance Security Control and Digital Solutions which have applicability in the domestic and international markets. The companys products are sold primarily to the power sector and energy intensive industries. The company expects gradual pick up in its order book due to growth and reform in the transmission and distribution sector and addition of new products in which the company operates.

6) Material Developments In Human Resources / Industrial Relations, Including Number Of People Employed

The human resource plays a vital role in the growth and success of an organization. The Company has maintained cordial and harmonious relations with its employees.

During the year under review, various training and development workshops were conducted to improve the competency level of employee with an objective to improve the operational performance of individuals. The Company has built a competent team to handle challenging assignments and projects.

The Company has five (05) permanent employees as on March 31, 2025.

7) Details of Significant Changes:

Ratios	2025	2024	Reason for significant change
Debtors Turnover ratio	-	-	Not Applicable
Interest coverage ratio	-	-	Not Applicable
Current ratio	46.58	95.89	Current ratio has been decreased as compared to previous year on account of working capital loan taken during current year.
Debt equity ratio	-	-	Not Applicable
Operating Profit Margin	-	-	Not Applicable
Net Profit Margin %	-	-	Not Applicable
Return on Net worth %	2.48%	-0.06%	Return on net worth has been increased on account of unrealised gain on fair valuation of current and non current investment during the year.
EPS	1.30	-0.04	Eps has been Increased on account of unrealized Gain on fair valuation of current and non-current investment during the year

Cautionary Statement:

This report contains forward- looking statements based on the perceptions of the Company and the data and information available with the company. The company does not and cannot guarantee the accuracy of various assumptions underlying such statements and they reflect Companys current views of the future events and are subject to risks and uncertainties. Many factors like change in general economic conditions, amongst others, could cause actual results to be materially different.

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Place: Mumbai Date: August 14, 2025	On Behalf of the Board of Directors For Nagpur Power And Industries Limited
Registered Office: "Nirmal", 20th Floor, Nariman Point, Mumbai 400021 CIN: L40100MH1996PLC104361 Email: npil investor@khandelwalindia.com Website: www.nagpurpowerind.com	Sd/- Gautam Khandelwal Chairman & Direcor DIN 00270717