Pan India Corporation Ltd Management Discussions

OVERVIEW

The Financial Statements are prepared in accordance with Indian Accounting Standards (Ind AS) under historical cost convention on the accrual basis as per the provisions of the Companies Act, 2013 (‘the Act) (‘to the extend notified) and the guidelines issued by the Securities and Exchange Board of India (SEBI). The Ind AS is prescribed under Section 133 of the Act, read with Rule 3 of the Companies (Indian Accounting Standard) Rules, 2015 and relevant amendment rules issued thereafter. The company has adopted all the Ind AS Standards w.e.f April 01, 2017, the same being the transition date and adoption was carried out in accordance with Ind AS 101. Accordingly, Financial Statement for the year ended March 31, 2025 have been prepared in accordance with Ind AS prescribed under Section 133 of the Companies Act, 2013 and other accounting principles generally accepted in India. Previous periods figures (i.e. prepared in accordance with GAAP) have been restated as per Ind AS to make them comparable. The management of PAN INDIA CORPORATION LIMITED accepts responsibility for the integrity and objectivity of these financial statements.

INDUSTRIAL STRUCTURE & DEVELOPMENTS

Changing economic and business conditions, rapid technology, innovation and adoption and globalization are creating an increasingly competitive market environment that is driving corporations to transform the manner in which they operate. Companies in this environment are now focusing even more on their business objectives such as revenue growth, profitability and asset efficiency.

OPPORTUNITIES AND THREAT, OUTLOOK & AREA OF CONCERN

Growth in the Indian economy and demand creates unprecedented opportunities for company to invest significantly in each of its core businesses.

Outlook for the overall industries is positive. In keeping with the philosophy of continuous consumer centric approach which is the hall mark of any organization, several developmental activities have been planned for the next fiscal year.

RISK MANAGEMENT & CONCERNS

Risk in cost of raw materials, environmental liabilities, tax laws, labour relations, litigation and significant changes in the Global political and economical environment exert tremendous influence on the performance of the company.

The Company has laid down procedures to inform Board Members about the risk assessment and minimization procedures.

HUMAN RESOURCE DEVELOPMENT AND INDUSTRIAL RELATIONS

The Company believes that the employees are the backbone of the Company. Congenial and safe work atmosphere, appropriate recognition and rewards, constant communication, focus on meeting customer needs and change management through training are the hallmarks for development of human resources of the company. Every employee is aware of the challenges posed by the current economic environment. Employee morale has remained high even during difficult times. The employees have co-opted fully with the management in implementing changes as required by the market. And it is providing an opportunity to all the employees to utilize their full potential and grow in the Organization. There was no strike or labor unrest during the last financial year.

There are 3employees in the company as on 31^st March, 2025.

INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY

The Company has adequate internal control procedures commensurate with the size of the Company and the nature of its business. These systems are designed to ensure that all the assets of the company are safeguarded and protected against any loss and that all the transactions are properly authorized recorded and reported.

The internal audit is entrusted to M/s R. Mahajan & Associates, a firm of Chartered Accountants. The main thrust of internal audit is to test and review controls, appraisal of risks and business practices.

The Audit Committee of the Board of Directors actively reviews the adequacy and effectiveness of internal control systems and suggests improvements to strengthen the same. The Board of Directors has framed a policy which ensures the orderly and efficient conduct of its business, safeguarding of its assets, to provide greater assurance regarding prevention and detection of frauds and accuracy and completeness of the accounting records of the company.

Further your company has adequate internal financial control with reference to its financial statements.

FINANCIAL REVIEW AND ANALYSIS

The financial performance of the Company for the financial year ended March 31, 2025 is given as under: -

PERFORMANCE	Year ended 31-03-2025 (Amount in Lakhs)
Revenue	4.20
Expenditure	398.35
Profit/ (Loss) before tax	(394.15)
Deferred Tax	(0.01)
Previous Tax	-
Current Year Tax	-
Prior period Adjustment of Tax	Nil
Profit/(Loss) for the year	(394.14)

CAUTIONARY STATEMENT:

Certain Statements in the “Management Discussion and Analysis” describing the Companys objectives, expectations or predictions may be “forward looking statements” within the meaning of applicable laws or regulations. These Statements are based on certain assumptions and expectations of future events. Actual results could differ materially from those expressed or implied due to various risk & uncertainties. Important factors that could make a difference to the Companys operations include changes in Govt. regulations, tax regimes, economic developments and other factors such as litigation. The company does not undertake to update these statements.

By Order of the Board of Directors

For Pan India Corporation Limited

	Sd/-	Sd/-
	Vijay Pal Shukla	Pawan Sharma
	Managing Director	Director
Date:- 04.07.2025 Place: - New Delhi	DIN: - 01379220	DIN: - 10774235

DETAILS OF TOP 10 EMPLOYEES IN TERMS OF REMUNERATION DRAWN AS PER PROVISIONS OF SECTION 197(12) OF THE ACT READ WITH RULES 5(2) AND 5(3) OF THE COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014

S. No. Name and Age of the Employee	Designation of the Employee	Remuneration Received (Amount in Rs.)	Qualifications and experience of the employee	Date of commencement of employment	The last employment held by such employee before joining the company	The percentage of equity shares held by the employee within the meaning of clause (iii) of sub-rule (2) of rule 2 of Companies (Appointment and Remuneration) Rules, 2014	Whether any such employee is a relative of any director or manager of the company and if so, name of such director or manager
1 Vijay Pal Shukla	Managing Director	13,05, 000	Graduate	01.10.2022	Nil	Nil	No
4 Geetika Sehgal	Company Secretary	3,60, 000	Company Secretary	01.09.2023	Nil	Nil	No
5 Mr. Deepak Kumar Chauhan	Chief Financial Officer	2,45 ,000	Graduate	01.06.2023	Nil	Nil	No

DETAILS PERTAINING TO REMUNERATION AS REQUIRED UNDER SECTION 197(12) OF THECOMPANIES ACT, 2013 READ WITH RULE 5(1) OF THE COMPANIES (APPOINTMENT ANDREMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014

Name of Director/KMP and designation	Remuneration of Director/KMP for financial year 2024-25	Ratio of remuneration of each Director/KMP to median remuneration of employees	% increase in Remuneration of each director CFO,CEO, CS or Manager
Mr. Vijay Pal Shukla (MD)	13,05,000	3.625:1	Nil
Mrs. Geetika Sehgal (CS)	3,60,000	1:1	Nil
Mr. Deepak Kumar Chauhan	2,45,000	0.68:1	Nil

1. Median remuneration of employees of the Company is Rs 3,60,000/-

2. There is an increase in the median remuneration of employees of Pan India Corporation Limited.

3. There were 3 permanent employees on the rolls of Company as on March 31, 2025;

4. It is hereby affirmed that the remuneration paid is as per the as per the Remuneration Policy of the company.

By Order of the Board of Directors For Pan India Corporation Limited

	Sd/-	Sd/-
	Vijay Pal Shukla	Pawan Sharma
	Managing Director	Director
Date:- 04.07.2025 Place: - New Delhi	DIN: - 01379220	DIN: - 10774235