Netlink Solutions India Ltd Management Discussions

1. Industrial Structure and Outlook

India is witnessing significant growth and transformation across its manufacturing, engineering, technology and industrial sectors, supported by increasing investments in infrastructure, domestic manufacturing capabilities, technological advancement and supply-chain localisation. The demand for advanced materials and precision-engineered products is expected to remain supported by growth in automotive, infrastructure, aerospace and defence, oil & gas, medical, railways, electrical, industrial and other technology-intensive sectors.

In line with these emerging opportunities, the Company has expanded its objects to cover a broader range of activities relating to the manufacturing, processing, refining, importing, exporting, storing, trading, distributing and dealing in tungsten-based products and related materials. The expanded objects also include research, design, development, technological innovation and allied manufacturing activities such as pilot plants, sintering, grinding, pressing, manufacturing and packaging.

2. Company Overview

Netlink Solutions (India) Limited is focused on creating opportunities across technology-enabled services and emerging industrial and manufacturing segments. The Companys business objects provide it with a diversified framework to undertake activities in software and web-based solutions, information and data processing services, technology-related solutions and other allied activities. The Company continues to evaluate opportunities that can leverage its existing capabilities while supporting sustainable and long-term business growth.

During the year, the Companys objects were expanded to provide a broader scope for undertaking activities in the specialised materials and engineering sector. The amended objects include the manufacturing, processing, refining, importing, exporting, storing, trading, distributing and dealing in tungsten-based products and related materials, including tungsten scrap, ammonium paratungstate, tungsten trioxide, cobalt metal powder, tungsten metal powder, tungsten carbide powder, fused tungsten carbide powder and ready-to-press powders, along with related parts, tools and allied products.

The expanded objects further provide for research, design, development, scale-up and technological innovation in relation to these products, including activities relating to pilot plants, sintering, grinding, pressing, manufacturing and packaging. The Company is also authorised to undertake domestic and international marketing, supply-chain management, logistics and after-sales services associated with such products.

The Companys expanded scope enables it to explore opportunities serving a wide range of industries, including automotive, industrial engineering, aerospace and defence, oil & gas, outer-space and nuclear applications, medical equipment, railways, electrical instruments and equipment, machinery and other specialised sectors. The Company may also consider strategic collaborations, partnerships, joint ventures and other business arrangements where commercially viable and aligned with its objectives.

3. Opportunities, Threats, Risk and Concerns Opportunities

The Companys expanded objects provide opportunities to diversify into specialised, high-value segments, particularly tungsten-based products and advanced materials, catering to sectors such as automotive, aerospace & defence, industrial engineering, oil & gas, nuclear, medical, railway and electrical industries.

The Company also has opportunities in technology and software solutions, including web-based services, data processing and programming. Strategic partnerships, joint ventures and technical collaborations may further support access to new markets, capabilities and growth opportunities.

Threats, Risk and Concerns:

The Company may face competition from established domestic and international manufacturers and suppliers possessing greater technical expertise, manufacturing capacity, financial resources, established customer relationships and distribution networks.

The proposed expansion into new business segments involves execution and operational risks, particularly as the Company develops capabilities and establishes its presence in specialized manufacturing and advanced materials.

Technology-related activities are subject to rapidly changing technologies, cybersecurity risks, data protection requirements and evolving customer expectations. The Company will therefore need to continuously strengthen its technological capabilities and human resources to remain competitive.

4. Segment-wise or product-wise performance

The Companys business activity is bifurcated in four segments namely Software Division, Info Media, Exhibition Management and Treasury Management. Accordingly, the performance is given below:

Particulars	31.03.2026	31.03.2025
Segment Revenue
Software Development	4.81	5.18
Info Media	0.00	636.15
Exhibition Management	0.00	-
Treasury	337.53	291.82
Unallocated	3.47	2.79
Total	345.81	935.94
Segment Results
Software Development	(13.72)	(2.17)
Info Media	(0.68)	532.61
Exhibition Management	(13.75)	(15.00)
Treasury	333.74	283.83
Unallocated	118.17	108.57
Profit Before Tax	187.42	690.70
Segment Asset
Software Development	0.34	0.50
Info Media	0.29	1.14
Exhibition Management	0.00	13.75
Treasury	3,199.59	3034.09
Unallocated	39.56	46.32
Total	3,239.78	3,095.81
Segment Liabilities
Software Development	0.26	0.03
Info Media	0.00	0.08
Exhibition Management	0.00	0.00
Treasury	0.11	1.34
Unallocated	1.16	59.04
Total	1.53	60.48

5. Internal Control Systems and their Adequacy

The Company is committed to maintaining an effective internal control framework designed to ensure orderly and efficient conduct of business, safeguarding of assets, prevention and detection of frauds and irregularities, and compliance with applicable policies and procedures.

The internal control system is designed to ensure the reliability and accuracy of financial and operational information, proper recording of transactions and accountability of assets. The Company continues to strengthen its processes, policies and controls in line with the requirements of its business and operational needs.

As part of the audit process, the Statutory Auditors review the adequacy and effectiveness of relevant internal controls and financial reporting processes. Their observations, wherever applicable, are placed before the Audit Committee for review and appropriate action.

6. Discussion on financial Operational with respect to Performance.

Share Capital

The paid-up share capital of the company as on March 31, 2026, stands at Rs. 2,52,92,250 divided into 25,29,225 equity shares of Rs. 10/- each fully paid up.

Reserves and Surplus

The Reserves and Surplus are Rs. 2,985.34 Lakhs as on the end of the financial year 2025-26.

Total Income

The total income during the year was Rs. 345.81 Lakhs.

Profit / Loss

Profit after tax for the year was Rs. 202.93 Lakhs during the year as against the Profit of Rs. 535.32 Lakhs in the previous year.

7. Material developments in Human Resources / Industrial Relations front, including number of people employed.

Human resources continue to be an important asset of the Company. The Company endeavours to maintain a positive, professional and supportive work environment that encourages accountability, initiative and responsible performance. The management places emphasis on effective utilisation and continuous development of human resources in line with the evolving requirements of the business.

Employee relations remained cordial and harmonious throughout the year, and the Company did not experience any significant work stoppage or loss of working days during the year. The Company continues to focus on maintaining an efficient and committed workforce to support its business objectives.

As on March 31, 2026, the Company had 3 permanent employees on its rolls.

8. Details of significant changes (i.e. change of 25% or more as compared to the immediately previous financial year) in key financial ratios, along with detailed explanations therefore, including:

Particulars	FY 2025-26	FY 2024-25
Debtors Turnover (times)	-	-
Inventory Turnover (times)	-	-
Interest Coverage Ratio (times)	-	-
Current Ratio (times)	43.56	399.03
Debt Equity Ratio (times)	-	-
Operating Profit Margin (%)	-	-
Net Profit Margin (%)	58.68%	57.20%
Return on Net Worth (%)	5.89%	22.76%

As the Company does not have any debt on its balance sheet, Debtors turnover, Debt Equity and Interest Coverage ratios are not applicable and have not been calculated.

The change in Current Ration from 399.03 in previous year to 43.56 in FY 2025-26, Net Profit Margin from 57.20% in previous year to 58.68 % in FY 2025-26 and Return on Net Worth (%) from 22.76% in previous year to 5.89 % in FY 2025-26 are decreased due to decrease in earning before interest & taxes.

CAUTIONARY STATEMENT

Statements in this Management Discussion and Analysis containing objectives, projections, estimates, expectations and other forward-looking statements are based on current assumptions and are subject to applicable laws and regulations. Actual results may differ materially due to various risks and uncertainties.

Key factors include economic conditions, industry demand and supply, input costs, competition, technological changes, government policies and regulations, taxation, foreign exchange fluctuations, litigation and industrial relations. The Company undertakes no obligation to update such statements except as required by applicable laws.