Priti International Ltd Management Discussions

Industry Structure and Developments

a) The Handicraft Industry:

The Indian handicraft sector is one of the most vibrant and culturally rich contributors to the nations economy. As per the Economic Survey 2025-26, India is home to an estimated 64.66 lakh (approximately 6.47 million) handloom and handicraft artisans and weavers, concentrated largely in Uttar Pradesh, Rajasthan, Assam, Odisha, West Bengal, and Tamil Nadu, with women comprising 64% of total artisans. Traditionally considered a cottage industry, it has evolved into a major revenue generator and exporter.

In FY 2025-26, official government data put Indias handicraft exports (excluding hand-knotted carpets) at Rs.15,855.1 crore, up 6.1% from Rs.14,945.5 crore in FY 2024-25 - roughly USD 1.79 billion at prevailing exchange rates. Growth was broad-based, with exports rising across more than 120 destinations between April 2025 and February 2026, and notable jumps in the UAE (22.3%), Japan (20.6%), Spain (15.5%), Germany (9.9%), and the UK (7.8%).

The broader Indian handicrafts market was valued at USD 4,856.73 million in 2025 and is projected to reach USD 8,299.45 million by 2034, growing at a CAGR of 6.13% from 20262034.

The United States remains the largest single export destination, accounting for about 38.69% of total handicraft exports in FY25. The UAE, UK, Germany, Netherlands, and France round out the other major destinations.

On the policy side, the Comprehensive Handicrafts Cluster Development Scheme (CHCDS), approved for continuation with a total outlay of Rs.160 crore, completed its extended run in March 2026. Indias overall textile and apparel exports (including handicrafts) grew 2.1% in FY 2025-26 to Rs.3,16,334.9 crore, up from Rs.3,09,859.3 crore in FY 2024-25, with the USA and EU together remaining the sectors largest export destinations. The sector also continues to benefit from related skilling and infrastructure programs such as the Samarth scheme and PM MITRA parks.

The sector continues its digital transformation greater e-commerce presence, cluster-based production, and contemporary design integration alongside traditional craft preservation with demand supported by tourism growth and diverse regional raw materials (wood, textiles, leather, metal, stone, jewellery).

b) The Furniture Industry:

The Indian furniture industry has undergone significant transformation, driven by urbanization, rising disposable incomes, evolving consumer lifestyles, and growth of e-commerce channels. Valued at approximately USD 31.51 billion in 2026, it is projected to reach USD 45.52 billion by 2031, growing at a CAGR of 7.63%.

Key trends includeShift towards modular, space-saving, and sustainable furniture solutions, Government support under Make in India and Aatmanirbhar Bharat initiatives, Increasing domestic manufacturing capacity through Production Linked Incentive (PLI) schemes

A notable trend is the growing preference for modular, space-saving, and sustainable furniture solutions. Additionally, government initiatives under the Make in India and Aatmanirbhar Bharat programs, coupled with Production Linked Incentive (PLI) schemes, are encouraging domestic manufacturing and reducing reliance on imports. Organized players are expanding their retail footprint and digital capabilities to tap into both Tier-1 and Tier-2 cities. With rising aspirations among middle-income households and increased traction from institutional and commercial buyers, the industry is poised for robust expansion, albeit with challenges related to raw material costs and supply chain standardization.

The moulded furniture business exhibited a muted performance amid persistent competitive pressure from both unorganized local players and organized industry counterparts. Intense price competition in the entry and mid-range segments posed significant challenges. In response, the Company strategically shifted its focus toward value-added and premium product offerings, aligning with the evolving preferences of the discerning Indian consumer. Simultaneously, we adopted competitive pricing strategies in the entry-level category to safeguard our market share.

The Indian furniture industry is popular in the nation and internationally because of its rich handicraft and attractive traditional art and design. The Indian Furniture market has evolved over time. It has broadened its market from chair and table to designed interiors like wardrobe or sofas. India is a place for unique and excellent creative work of furniture. Furniture has been an essential part of an Indian household for centuries. A major part of the Indian furniture industry accounts in the unorganized sector.

c) Solar Industry:

The company has recently engaged into business of Solar.

The Union Budget 2026-27 allocated a record Rs.32,914.67 crore to the Ministry of New and Renewable Energy, up about 30% over the FY 2025-26 revised estimate, of which Rs.30,539.36 crore was earmarked for solar programs alone - including Rs.22,000 crore for the PM Surya Ghar: Muft Bijli Yojana rooftop scheme, Rs.5,000 crore for the PM-KUSUM scheme, and Rs.1,775 crore for grid-connected large-scale solar projects. This builds on the

Production Linked Incentive (PLI) Scheme for High Efficiency Solar PV Modules, which carries a total outlay of Rs.24,000 crore across two tranches, to ramp up domestic solar module/cell manufacturing and reduce import reliance.

The Indian solar energy industry has emerged as a key pillar in the nations transition to a sustainable and low-carbon energy future. As of March 2026, the country achieved a significant milestone by surpassing 150 GW of installed solar capacity (150.26 GW), comprising utility- scale, rooftop, and off-grid/KUSUM solar installations, with a record 44.61 GW added during FY 2025-26 alone - almost double the 23.83 GW added in FY 2024-25.

Solar generation during April 2025-February 2026 stood at approximately 155.37 TWh, an increase of around 22% over the 127.34 TWh recorded in the corresponding period of the previous year. The industrys structure is now increasingly vertically integrated, with major Indian players establishing end-to-end capabilities from polysilicon to module assembly. Notable developments include Reliance Industries massive Rs.75,000 crore investment in the Jamnagar Giga Complex and Tata Powers Rs.4,300 crore manufacturing project in Tamil Nadu. Domestic solar manufacturing has rapidly scaled, with module manufacturing capacity crossing 100 GW under the Approved List of Models and Manufacturers (ALMM) by August 2025, underpinned by the PLI scheme and customs duties that incentivize domestic production. Indias solar PV exports stood at approximately Rs.94.6 billion (around USD 1.1 billion) in FY 2024-25, with the United States continuing to account for the large majority of export volumes. Policy support remains robust, with regulatory innovations such as Karnatakas Distributed Solar PV Regulations 2025 enabling group net metering and residential solar adoption. However, industry continues to face challenges including high land acquisition costs, limited energy storage infrastructure, and increasing global competition. Management focus remains centered on achieving cost efficiency, backward integration, battery storage expansion, and capital access to fund long-term capacity growth.

Outlook

Priti International Limited continues to consolidate its position as a recognised furniture and lifestyle brand, offering a curated range of interior solutions for modern living. Our designs blend contemporary aesthetics with diverse styles - from natural and minimalist to classic and premium - each crafted with clean lines, refined finishes and attention to detail. Over the years, our furniture and handicraft products have become an integral part of Indian homes and, through our export relationships, of interiors abroad, valued for their strength, durability and craftsmanship.

The financial year under review was marked by a challenging global trade environment, with tariff-related developments, geopolitical uncertainty and cautious purchasing behaviour by overseas customers affecting the flow of export orders. With established relationships across the USA, UK, Spain, Belgium, Holland, Turkey, Netherlands, Germany and other markets, the

Company remains focused on maintaining these long-standing customer relationships and exploring opportunities for repeat orders, while closely monitoring developments in international trade and tariffs. Our marketing approach will continue to centre on participation in international fairs and exhibitions, strengthening our digital presence, and building collaborations with designers and distributors, as we work to sustain and rebuild export momentum going into FY 2026-27.

Given the uncertainty prevailing in export markets, the Company is placing increased emphasis on deepening its presence in the domestic market, including institutional, corporate and government procurement segments, alongside its retail offering of affordable yet premium ready furniture. With manufacturing facilities at Basni, Boranada and Mogra, we cater to a wide product range spanning living room, bedroom, dining and office furniture, as well as decor and textile-based products. This breadth, combined with our capabilities in customisation, sustainable materials and competitive pricing, and our in-house strength in upcycling wood and metal waste into creative decor solutions, continues to support our value proposition across customer segments.

In line with our long-term vision of diversified and sustainable growth, the Company has during the year expanded into the renewable energy space through its Trading of Solar Products vertical. With Indias installed solar capacity having crossed 150 GW and the sector having added a record 44.61 GW during FY 2025-26 alone, this diversification is intended to broaden the Companys business portfolio and allow it to participate in the opportunities emerging from Indias rapidly growing solar sector, while remaining aligned with our sustainability ethos.

As we move into the next financial year, our priorities include rebuilding and expanding our export footprint as global conditions permit, deepening our presence in domestic institutional and retail markets, continuing product innovation, improving operational efficiencies, and growing our newly established solar trading vertical. While the road ahead may continue to present challenges on account of the uncertain global trade environment, the Company believes that its legacy of quality craftsmanship, diversified product portfolio, established customer relationships and new initiatives in renewable energy position it to pursue resilient and sustainable growth and to continue creating long-term value for its stakeholders.

Currently the Company is carrying on its manufacturing units on following locations:

1. F-43 MIA, Phase I Basni Jodhpur, 342005.

2. Khasara No. 20, Opp. Meera Sansthan, Boranada, Jodhpur, 342012

3. Khasara No. 130/2/3/4 Mogra Kallan by The Side Off JIET College Bridge, Pali Road 342008

Recent Government Initiatives:

Pradhan Mantri Vishwakarma Kaushal Samman (PM-VIKAS)

The scheme was approved by the Cabinet Committee on Economic Affairs with a financial outlay of Rs13,000 crore over five years and was launched by the Ministry of MSME on September 17, 2023, covering artisans across 18 traditional trades, offering skill training, toolkit vouchers of up to Rs15,000, and collateral-free loans of up to Rs3 lakh at 5% concessional interest. As of the latest government disclosure, around 30 lakh artisans have registered under the scheme over the past two years, with more than 4.7 lakh loans amounting to Rs41,188 crore sanctioned. Nearly 26 lakh beneficiaries have completed skill verification, with 86% of them having finished basic training. The Ministry has also signed an MoU with Amazon Seller Services to onboard PM Vishwakarma artisans onto e-commerce platforms and promote handmade products under its Karigar initiative.

National Handicraft Development program (NHDP)

NHDP is the flagship scheme for handicraft sector promotion, with an approved outlay of Rs837 crore for FY2022-26, providing financial, technical, design, marketing and infrastructure support to artisans and craft clusters. During 2023-24, 2,325 projects and events were sanctioned under the scheme, benefiting more than 66,000 artisans, with support extended through skill development, cluster development, direct benefit transfers, and marketing events in India and abroad. A complementary scheme, the Comprehensive Handicrafts Cluster Development Scheme (CHCDS), has an outlay of Rs142.5 crore for FY2022-26 and focuses on developing handicraft clusters with modern infrastructure to boost artisan and SME production capacity.

PM Surya Ghar: Muft Bijli Yojana

Launched in February 2024, this scheme targets 1 crore households by FY 2026-27, offering rooftop solar subsidies of up to Rs78,000 per household along with up to 300 units of free electricity per month. The scheme has now crossed 50.06 lakh households benefiting from rooftop solar installations, with the government having released Rs28,024 crore in subsidies via Direct Benefit Transfer, and July 2026 alone recording a record 5.06 lakh households benefited - the highest monthly figure since launch. Around 14.8 GW of rooftop solar capacity has been commissioned under the scheme, and daily installations have risen from about 5,038 per day in October 2025 to nearly 16,328 per day in July 2026.

Furniture Quality Control Order, 2026

Effective from February 2026, this order mandates BIS/ISI certification for several furniture categories, including work chairs, tables, beds and storage units. It is expected to reshape compliance, warranty and after-sales standards across the industry, improve organized players access to institutional and government demand, and push unorganized manufacturers toward formal certification - a development directly relevant to your Companys domestic and institutional furniture business.

Production Linked Incentive (PLI) Scheme for Solar Manufacturing

Aimed at building domestic solar manufacturing capacity, this scheme has seen approximately Rs73,400 crore invested as of mid-2026, supporting expansion of module and cell manufacturing capacity and reducing reliance on imported solar equipment - a relevant tailwind as your Company scales its Trading of Solar Products vertical.

Opportunities and Threats

Opportunities

Rising Demand for Handcrafted and Sustainable Products : Growing consumer preference for eco-friendly, artisanal and ethically sourced furniture supports sustained demand for the Companys products in both domestic and export markets.

Export Relationships Across Established Markets : The Companys existing presence in the USA, UK, Spain, Belgium, Holland, Turkey, Netherlands and Germany, combined with continued government support through PM Vishwakarma, NHDP and ODOP, provides a base from which to pursue repeat orders and rebuild export volumes as global trade conditions stabilise.

Digital and E-commerce Expansion : Online retail channels and collaborations with e- commerce marketplaces offer scope to reach a wider customer base, including Tier-2 and Tier- 3 cities domestically and new geographies internationally.

Product Customisation and Diversification : The Companys capability to offer bespoke, made-to-order furniture and decor solutions strengthens its value proposition across retail, project-based and institutional customer segments.

Growing Institutional and Government Procurement: Increasing furniture demand from corporates, institutions and government departments, supported by the Companys experience in executing government procurement tenders, presents an avenue for scaling domestic revenue with reduced dependence on export markets.

Regulatory Formalisation Favouring Organised Players : The Furniture Quality Control Order, effective February 2026, is expected to accelerate the shift from unorganised to organised, certified manufacturers - a trend that favours established, quality-focused players such as the Company.

Favourable Tax Environment for Handicrafts : The reduction in GST on handicraft products from 18% to 5% improves cost competitiveness for the Companys handicraft and decor offerings in both domestic and export markets.

Diversification into Renewable Energy : The Companys entry into the Trading of Solar Products vertical provides access to a new revenue stream, supported by Indias expanding solar capacity, continued government incentives such as PM Surya Ghar and the PLI scheme for solar manufacturing, and rising demand for solar products from residential and commercial customers.

Threats

Global Trade and Demand Uncertainty : Continued volatility in key export markets on account of tariff-related developments, geopolitical tensions and cautious customer spending may keep export order flows uneven in the near term.

Raw Material Price Volatility : The Companys dependence on wood, metal and textile inputs exposes it to fluctuations in input costs, which may pressure margins if increases cannot be passed on to customers.

Competition from the Unorganised Sector : The continued presence of low-cost, unbranded manufacturers in the domestic furniture market may exert pricing pressure, particularly in price- sensitive retail segments.

Supply Chain and Logistics Risk : Shipping delays, container availability and elevated freight costs can affect the timely execution of export orders and increase landed costs for both inputs and finished goods.

Compliance and Regulatory Costs : Evolving environmental and quality-compliance requirements, including certification norms under the Furniture Quality Control Order, may require additional investment in sourcing, testing and manufacturing processes.

Execution Risk in the Solar Trading Vertical : As a recent entrant to the solar products business, the Company faces risks typical of a new venture, including thin trading margins, dependence on supplier and vendor relationships, exposure to changes in solar policy and subsidy structures, and the time required to establish a track record in a competitive and evolving market.

Risks and Concerns

The Company operates in a dynamic business environment that is subject to various risks which may impact its operational and financial performance, both internal and external, in the undertaking of its day-to-day operations and in pursuit of its longer-term objectives.

Raw Material Price Volatility: The furniture and handicraft industry relies heavily on raw materials such as wood, metals, and textiles. Price fluctuations in these materials, driven by global demand-supply imbalances, seasonal factors, and geopolitical uncertainties, can

significantly impact production costs. Prolonged price increases may compress profit margins if they cannot be fully passed on to customers.

Supply Chain Disruptions: The Companys operations are dependent on timely availability of raw materials and efficient logistics for export fulfillment. Disruptions caused by container shortages, shipping delays, port congestion, and increased freight costs can adversely affect delivery schedules and customer satisfaction, potentially resulting in order cancellations or penalties. Present risk concern is the Tariff increase in US market.

Intense Market Competition: The furniture and handicraft sector faces strong competition from both organized domestic players and small unorganized units offering low-cost alternatives. This competitive environment exerts pricing pressures and demands continuous investments in new product designs, quality enhancement, and innovation to retain and expand market share.

Foreign Exchange Fluctuations: As a significant portion of the Companys revenues comes from exports, fluctuations in currency exchange rates, especially depreciation of foreign currencies against the Indian Rupee, can impact profitability. Although the Company uses hedging mechanisms to mitigate this risk, market volatility can still lead to unforeseen losses.

Global Economic and Trade Policy Risks: Heavy reliance on international markets exposes the Company to risks from global economic downturns, changes in trade agreements, tariff barriers, or alterations in import policies of key destination countries. Any of these factors could lead to a reduction in export demand or increased operational costs.

Environmental and Regulatory Compliance: Stringent environmental norms regarding sourcing of wood and metals, proper waste management, and initiatives for reducing carbon footprint are increasingly becoming mandatory. Ensuring compliance requires continuous monitoring, investments in eco-friendly processes, and adherence to certification requirements, potentially increasing operational expenses.

Risks in Solar Energy Business:

- Execution Challenges: Being a relatively new venture, solar projects are exposed to risks of project delays, site development issues, and technological hurdles that can impact timely completion and revenue realization.

- High Capital Requirements: Solar projects are capital-intensive, requiring significant upfront investments with long payback periods, creating financing and liquidity risks.

- Policy and Regulatory Changes: Shifts in government policies, subsidy structures, or taxation frameworks can affect project viability and returns on investment.

- Competition from Established Players: Larger, well-established companies in the solar sector pose challenges in terms of pricing, technology adoption, and market penetration.

- Supply Chain Constraints: Availability of critical components such as solar panels, inverters, and batteries may be affected due to global supply shortages or price hikes.

- Grid Integration Risks: Issues related to power evacuation, grid connectivity, or regulatory approvals may impact energy distribution and project efficiency.

External Uncontrollable Factors: Despite proactive measures such as supplier

diversification, robust quality checks, foreign currency hedging, and operational efficiency initiatives, certain external factors like geopolitical tensions, natural disasters, pandemics, or abrupt policy changes remain beyond managements control and may adversely influence overall business performance.

Internal Control System and Their Adequacy

The Company has instituted a comprehensive internal control framework designed to ensure effective management of operations, accuracy of financial reporting, and full compliance with applicable laws and regulations. The internal control system is commensurate with the size, scale, and complexity of the Companys business and is structured to safeguard assets, prevent and detect fraud or irregularities, and ensure operational efficiency.

The Company has implemented automated processes and ERP-based systems to enhance accuracy, prevent data inconsistencies, and maintain real-time monitoring of key operational activities. Regular internal audits are conducted by an independent internal audit team, supported by external professionals where necessary, to review the adequacy and effectiveness of existing controls. Findings from these audits are reported to the Audit Committee and senior management, ensuring timely corrective actions and continuous improvement of processes.

Risk management is an integral part of the internal control framework, enabling the identification and mitigation of operational, financial, and compliance-related risks. The Company continuously reviews and upgrades its internal controls to align with evolving business needs, technological advancements, and regulatory requirements. The Board of Directors, along with the Audit Committee, regularly evaluates the adequacy and effectiveness of these controls, ensuring that the system remains robust, reliable, and capable of safeguarding the Companys assets while fostering sustainable growth.

The Statutory Auditors of the Company have reported unmodified opinion on the adequacy and operating effectiveness of the Companys internal financial controls over financial reporting for the FY 2026.

Discussion on Financial performance with respect to operational performance

Revenue from operations decreased to Rs.25.74 crore in FY 2026 compared to Rs.77.06 crore in FY 2025, declining by approximately 66.60%. The decrease was primarily due to lower order inflows and reduced offtake in the Companys wooden and iron handicraft segment, across both domestic and export markets, amid subdued demand conditions during the year, partially offset by growth in the textile handicraft and solar segments.

EBITDA decreased to Rs.1.82 crore in FY 2026 from Rs. 7.01 crore in FY 2025. A decline of 74.04% since last year.

Profit after tax decreased to Rs.0.90 crore in FY 2026 from Rs.4.75 crore in FY 2025. A decline of 81.05% since last year.

PRITI HOME:

The Company has its brand PRITI HOME .

Priti Home is a brand of online Wooden Furniture store for Quality Home & Office Furniture in wide range of varieties and Style.

The Company, through its websites, generates a significant number of customers. As our business in customer focus, we keep developing new ideas to promote our business to all category of customers.

BANGALORE STORE:

The company has presented the offline store in the hub city Bangalore at a prime location at No. 13, 15TH Cross Road, 4th Phase, Sarakki J.P Nagar, Bengaluru, Bengaluru Urban, Karnataka 560078 which offers all the range of furniture products living room, dinning, kitchen, seating etc.

BORANADA STORE:

In previous year, the Company launched its Fourth offline store named Priti Home. This store is strategically located at Boranada, in the heart of the Blue City, Jodhpur, Rajasthan and is set to become a hub for businesses seeking high-quality, stylish, and functional furniture solutions. This Store is situated at Opp. Meera Sansthan, Boranada Main Road, Jodhpur, Rajasthan 342012.

The Company has a robust presence on all major social media platforms, such as Instagram, Facebook, YouTube, LinkedIn, Amazon, Flipkart and other E-Commerce Market Place. We have a young and dedicated team that manages our social media handles, keeping our customers andfollowers updated on our products. And Having the Offline Store is enabling the direct customer interaction resulting in increase in Revenue generation of the Company.

Government and Corporates Procurement Tenders

During the financial year under review, the Company continued to focus on expanding its presence in the government and corporate procurement segment. The Company has successfully executed and fulfilled various furniture orders received from government departments and reputed corporate establishments, thereby strengthening its presence in the furniture segment.

The Company also continued the execution of orders received from prominent institutions and government organisations, including Tata Memorial Centre and CRPF Headquarters, Delhi . These engagements reflect the Companys growing capabilities and presence in the institutional and government procurement segment and are expected to support further business opportunities in the furniture sector.

Airport Furniture segment

During the financial year under review, the Company continued to explore opportunities for diversification and expansion in the Airport Furniture segment, which presents significant growth potential. The Company identified and pursued various opportunities through the Airports Authority of India, including opportunities relating to Begumpet Airport, Kolkata Airport and Vijayawada Airport.

The Companys efforts in this segment reflect its strategic focus on strengthening its presence in institutional and infrastructure-related furniture projects. By leveraging its capabilities and experience, the Company aims to further establish the PRITI brand in the airport furniture segment and explore additional opportunities in this growing sector.

Segment-wise or product-wise performance

The Company is engaged in the business of handicrafts and currently operates in three segments viz.:

A) Wooden and Iron Handicraft;

B) Textile Handicraft; and

C) Solar Items .

A) Wooden and Iron Handicraft:

Revenue from operations decreased to Rs.17.26 crore in FY 2026 compared to Rs. 72.81 crore in FY 2025.

B) Textile Handicraft:

Revenue from operations increased to Rs. 1.04 Crores in FY 2026 compared to Rs. 0.26 crores in FY 2025.

C) Solar Items

Revenue from operations increased to Rs. 7.45 crore in FY 2026 compared to Rs. 3.99 crore in FY 2025.

The Company has provided detailed financial performance of its segments the Segment Reporting section of its Financial Statements, which forms part of this Annual Report.

Changes in Board of Directors and Key Managerial Personnel

During the year under review, Mrs. Leela Lohiya (DIN: 07787328), Non-Executive Director, resigned from the Board of the Company with effect from January 15, 2026. Further, Ms. Rashi Shrimal ceased to be the Company Secretary & Compliance Officer of the Company, and Mr. Prem Karnani was appointed as the Company Secretary & Compliance Officer in her place, with effect from March 07, 2026.

Material Developments in Human Resources/Industrial relations front, including number of people employed:

The Human Resources (HR) function of an organization is vital to the creation and development of good quality and dedicated human capital, essential to the Companys business and operations. The Company has Human Relations policies in place, which are reviewed and updated regularly in line with the Companys strategic plans. The human relations team continually conducts training programs for talent development. The Company aims to develop the potential of every individual associated with it as a part of its business goal.

The Company acknowledges the employees contribution towards leading, thinking, working, creating, processing and dealing to enhanced growth.

The Company values its human resources as the principal drivers of change. The Company focuses on providing individual development and growth in a work culture that encourages teamwork and high performance.

Financial Performance and Analysis

The discussions in this section relate to the financial results pertaining to the year that ended March 31, 2026. Significant accounting policies used in the preparation of the financial statements are disclosed in the notes to the financial statements.

The following table gives an overview of the financial results of the Company:

Rs. in Lakh

Particulars	Current Financial Year (2025-2026)	Previous Financial Year (2024-2025)
Revenue from Operations	2574.34	7706.35
Other Income	256.47	319.86
Total Revenue	2830.80	8026.21
Less: Expenses	2648.42	7325.79
Profit/loss before Depreciation, Finance Costs, Exceptional items and Tax Expense	182.38	700.42
Less: Depreciation/ Amortization/ Impairment	55.33	54.17
Profit /loss before Finance Costs, Exceptional items and Tax Expense	127.05	646.26
Less: Finance Costs	0.37	6.48
Profit /loss before Exceptional items and Tax Expense	126.68	639.77
Add/(less): Exceptional items	0.00	0.00
Add/(less): Extraordinary Items	0.00	0.00
Profit /loss before Tax Expense	126.68	639.77
Less: Tax Expense (Current & Deferred)	36.53	164.38
Profit /loss for the year (1)	90.15	475.39
Total Comprehensive Income/loss (2)	(31.79)	(57.47)
Total (1+2)	58.36	417.92

Ratio Analysis:

The Company has witnessed a significant change in the financial ratios as compared to previous year which are as follows:

S.no.	UNITS	31-Mar-2026	31-Mar-2025
Ratios -Financial Performance
1. Operating Profit Margin	%	4.94	8.39
2. Net Profit Margin	%	3.50	6.17
3. Return on Net Worth	%	1.25	6.84
Ratios -Growth
4. Total Revenue	%	-66.59	13.40
5. EBITDA	%	7.08	47.68
6. Profit After T ax	%	3.50	50.31
Ratios- Balance Sheet
7. Debtors Turnover	Times	5.39	8.82
8. Inventory Turnover	Times	0.48	2.29
9. Interest Coverage Ratio	Times	497.99	99.66
10. Current Ratio	Times	7.85	7.04
11 Debt Equity Ratio	Times	0.00	0.00

Detailed Explanation on Change in Net Worth:

During the Year under review, the Company reported comparatively lower profitability as against the previous financial year, primarily on account of higher input costs and increased expenditure impacting operating margins, consequently, this has resulted in a moderation of the Return on Net Worth during the current year as compared to the previous year.

Date: August 23, 2026	For & on Behalf of Board of Directors of Priti International Limited Sd/- Ritesh Lohiya
Place: Jodhpur	Chairman
	DIN:07787331