Pursuant to the regulation 34 read with the Schedule V of the SEBI (Listing obligations and Disclosures Requirements) Regulations, 2015 you’re Directors wish to report as follows:
Industry Structure and Development
Indian granite industry is one of the world’s major producers of granite, Indian granite is well placed among various come up during this year and the competition has become fierce.
Opportunities
The Granite continues to be in demand in developed world due to its natural characteristics and aesthetic look.
Risk and Threats
Competition from new granite processing countries like China & Brazil along with existing establishment
Segment Wise Performance
The Company currently operates in only one Segment.
Outlook
The company will continue consolidate its position being unforeseen circumstances and subject to currency fluctuation.
Internal Control System and Their Adequacy
The Company has a proper and adequate system of internal control commensurate with its size & nature of business.
Human Resources Development
The industrial relations remained cordial throughout the year.
Cautionary Statement
Certain statements in the directors’ report and management discussion and analysis report reflecting the company’s projections, estimates, objectives and expectations may constitute ‘forward looking statements’ within the meaning of applicable laws and regulations. Actual results may differ from such projections, estimates, objectives and expectations due to economic and climatic conditions effecting government regulations, policies, taxations and other factors on which the Company does not have any direct control.
For and on behalf of Board | ||
Anil Kawar | Noratmal Kawar | |
Date: 05/09/2023 | ||
DIN: 00464523 | DIN: 00464435 | |
Place: Jodhpur | ||
Director | Managing Director |
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.