Prashant India Ltd Management Discussions.

(a) Industry Structure and Developments:- Company is a Textile Company

(b) Opportunities and Threats:- The textile industry provides ample opportunities in domestic and as well as export market. However the uncertainty of raw material prices and government policies are detrimental to growth and profitability.

(c) Segmentwise or productwise Performance:- Company operates in two segments (1) Textile and Wind Power Generation. This is mentioned as an annexure to the Balance Sheet.

(d) Outlook:- The directors proposes to revive the company subject to approval of schemes to be approved by BIFR and other competent authorities.

(e) Risks & Concerns :- Company do not foresee any such risk in near future, which will hamper the activities.

(f) Internal control systems and their adequacy:- Company is in the process of implementing various software for better control.

(g) Discussion on financial performance with respect to operational performance;- Company is a sick company and all efforts are being made to make settlements with secured creditors and concerned authorities.

(h) Human Resources Management Initiatives:- The management is keenly interested this field. All the efforts are made to rationalize its manpower and make effective use of the same.

PARTICULARS OF EMPLOYEE:

None of the employee has received remuneration exceeding the limit as stated in rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

EXTRACT OF ANNUAL RETURN:

The details forming part of the extract of the Annual Return in form MGT-9 is annexed herewith as "Annexure II".

INDUSTRIAL RELATIONS:

During the year under review, your Company enjoyed cordial relationship with workers and employees at all levels.

ACKNOWLEDGMENT:

The Directors express their sincere thanks to the employees, customers, suppliers, company’s bankers and members of the company for their continued support.

For & On Behalf of the Board of Directors
Sd/-
Place : Palsana P. M. Gondalia
Date : 14.08.2015 Chairman & Managing Director