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INDUSTRY STRUCTURE

Your Company is presently doing fees based activity and looking forward for a revival.

OPPURTUNIES AND THREATS

Todays Indias focus is on Service Sector and overall growth of economy. Though initial forecast for the current year are to be good. The economy growth will decide prospects for the year.

FINANCIAL PERFORMANCE v/s OPERATIONAL PERFORMANCE

Over the last few years the company has incurred significant losses and now the company is improving its financial by doing fees based activity and looking forward for revival. The Company is implementing its business strategies to achieve its long term objects.

Cutting cost on all fronts improving its efficiencies across its operations. This however, needs further improvement.

Redefining business is necessary for growth and remains profitable. PCMIL always tried to harness available opportunities.

INTERNAL CONTROL SUSTEMS AND THEIR ADEQUACY

The company has adequate internal control Systems which specifically focus towards:-

• Efficiency of operations

• Conservation of resources

• Accuracy and promptness of financial reporting

• Regular compliance with statutes and regulations

Your Company is working towards further strengthening of organization structure, authority levels, documented policy guideline/procedures and management review systems.

DEVELOPMENT IN HUMAN RESOURSES

The Companys all relations continued to be harmonious and cordial with focus on improving inter personnel relationship, team building, productivity, quality and safety. The focus is on providing and maintaining a high level of motivation, on leadership development and upgrading of human skills.

CAUTIONARY STATEMENT

Estimates and expectations stated in this Management Discussion and Analysis report may be "forward-looking statement" within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make difference to your Companys operations include economic conditions, changes in Government regulations, tax laws, and other statutes and other incidental factors.

DECLARATION OF COMPLIANCE WITH THE CODE OF CONDUCT

[Pursuant to Regulation 26(3) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015]

To the members of

Premium Capital Market & Investments Limited

This is to confirm that for the year 2017-18, all the Directors and Senior Management Personnel of the Company have affirmed compliance with the Code of Conduct applicable to all the Directors and Senior Management of the Company.

S. K. Bandi

Director

DIN: 00789385