This report discusses and analyses the business performance for the year ended 31st March, 2025.
1) INDUSTRY STRUCTURE AND DEVELOPMENT
The Company has been deploying its resources productively; it has invested in various subsidiaries and is focusing on scaling up their operation.
2) OUTLOOK
The Companys business prospects are closely linked to the economic environment prevailing locally and escalating geopolitical hostilities. The Companys performance has been steadily improving and the outlook very promising with the addition of Fintech business. The Company is likely to grow with accelerated momentum in the coming year.
3) OPPORTUNITES AND THREATS
A company might identify the growing demand for products as an opportunity and assess its potential to increase market share. Conversely, it might identify increased competition in its core market as a threat and analyze the impact on its profitability..
4) INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY
The Company has adequate internal control and Internal Audit Systems commensurate with its size and nature of business. To make the internal control system more effective and project specific, a comprehensive internal audit manual is in place with guidelines for internal auditors.
5) DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE
During the year under review the Company has gained a profit of Rs. 122.90 Lakhs (Rupees one Hundred Twenty-Two point Nine Zero lakhs Only) (previous year profit of Rs. 6.32 lakhs (Rupees Six Point Thirty-Two Lakhs Only) after providing depreciation.
6) RISK AND CONCERNS
The Company recognizes that managing business risk is an integral part of generating substantial and sustainable shareholder value. This positive interpretation of risk reflects the new understanding of the connection between well managed risk and improved performance. Hence the Management has always been proactive on risk identification and its mitigation.
7) MATERIAL DEVELOPMENTS IN HUMAN RESOURCES INCLUDING NUMBER OF PEOPLE EMPLOYED:
The Company did not appoint any employee during the year. Therefore, the requirement for material developments in Human resources does not arises
8) CAUTIONARY STATEMENT
The statements in report of the Board of Directors and the Management Discussion & Analysis Report describing the Companys outlook, estimates or predictions may be forward looking statements within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied since the Companys operations are influenced by many external and internal factors beyond the control of the Company. The Company takes no responsibility for keeping the Members updated on changes in these factors except as may be statutorily required from time to time.
For and on behalf of the Board |
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For Nidhi Granites Limited |
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Sd/- |
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Devan Pandya |
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Place: Mumbai |
DIN: 09065430 |
Date: 20th June 2025 |
Chairperson |
Regd. Office: |
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503, Madhu Industrial Park, |
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Mogra Cross Road, |
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Next to Apollo Chambers, Andheri East, |
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Mumbai - 400 069. |
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CIN: L51900MH1981PLC025677 |
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Email: nglindia2021@gmail.com |
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Website: www.nidhigranites.com |
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