NCC Blue Water Products Ltd Management Discussions.

The Government of Andhra Pradesh has compulsorily acquired almost the entire Project land and facilities of the Company under the Right to Fair Compensation and transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013. In view of the above, the Management of the Company is considering to restructure its activities.

A) Industry Structure and developments:

Not Applicable for reasons stated above.

B) Opportunities and Threats

Not Applicable for reasons stated above.

C) Segment –Wise or Product –wise performance

Not Applicable for reasons stated above.

D) Outlook and Risks and Concerns

Please see the above note

E) Internal Control Systems and their adequacy :

The Company has adequate internal control systems commensurate with the activities of the Company.

F) Discussion on financial performance with respect to operational performance

During the year your Company has net profit of Rs. 377.47 lakhs on the gross turnover of Rs.383.47 lakhs. The Company is exploring various alternatives available for restructuring its business.

The Company has received compensation from Government of Andhra Pradesh in respect of the structures and trees that are existing in the lands situated at Chandanada and Rajayyapeta village, Nakkapalli Mandal, Visakhapatnam District belonging to the company which have been compulsorily acquired by the Govt.of Andhra Pradesh under the provisions of Right to Fair Compensation and transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 for establishing Petroleum, Chemical and Petrochemical Investment Region (PCPIR) Corridor.

G) Material developments in human Resources/Industrial Relations front, including people employed:

During the year under review Sri S.Jogarao, Company Secretary expired on 8.9.2018, Smt.Rajkumari Chhablani has been appointed as Company Secretary and Sri K.Vidya Sagar appointed as Chief Financial Officer of the Company. Except these changes there was no material developments in human Resources/Industrial Relations front, including people employed.