Neelkanth Rockminerals Ltd Management Discussions

Pursuant to the regulation 34 read with the Schedule V of the SEBI (Listing obligations and Disclosures Requirements) Regulations, 2015 youre Directors wish to report as follows:

Industry Structure and Development

Indian granite industry is one of the worlds 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 companys 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