pushpsons industries ltd share price Management discussions

INDUSTRY STRUCTURE AND DEVELOPMENTS:

Your Directors are pleased to present the Management Discussion and Analysis Report for the year ended 31st March, 2023. The Management Discussion and Analysis have been included in consonance with the Code of Corporate Governance as approved by The Securities and Exchange Board of India (SEBI). Investors are cautioned that these discussions contain certain forward looking statements that involve risk and uncertainties including those risks which are inherent in the Companys growth and strategy. The company undertakes no obligation to publicly update or revise any of the opinions or forward looking statements expressed in this report consequent to new information or developments, events or otherwise.

The Indian Textile and Apparel industry has been a significant contributor to the Indian economy and continues to play a pivotal role in Indias growth story through its contribution to industrial output, employment generation and export earnings. India is one of the few countries with a complete and integrated textile value chain having production at each level of textile manufacturing.

The management of the company is presenting herein the overview, opportunities and threats, initiatives by the Company and overall strategy of the company and its outlook for the future. This outlook is based on managements own assessment and it may vary due to future economic and other future developments in the country.

OPPORTUNITIES AND THREATS:

Your company is doing regular efforts for cost reduction and to improve the efficiency and productivity. Once the global demand recession is over, the opportunities for exports should increase and to take full advantage. There are challenges, which in the short term, moderate growth- inflation, high interest rates, depreciating rupee.

OUTLOOK

The company hopes to be benefited from their continuous efforts and expects an increase in demand in the Indian and Exports markets.

RISK & CONCERNS

The company has to meet the stiff competition, exchange rate fluctuation, uncertain customer schedules, aggressive pricing strategy of competitors and changing technology.

HUMAN RESOURCES/INDUSTRIAL RELATIONS

It is the companys belief that Human Resources are the driving force towards progress and success of a Company. The company seeks to motivate and retain its professionals by offering reasonable compensation and opportunity to grow in the organization. The total permanent employees strength was sixteen (No. 16) as on 31st March, 2023. The Industrial relations remained cordial during the year.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has adequate system of internal financial control with reference to financial statements. The Company continues to ensure proper and adequate systems and procedures commensurate with its size and nature of its business.

FORWARD LOOKING AND CAUTIONARY STATEMENT

This report contains forward-looking statements based on certain assumptions and expectations of future events. Actual performance, results or achievements may differ from those expressed or implied in any such forward-looking statements. The Company assumes no responsibility to publicly amend, modify or revise any forward looking.

For and on behalf of the Board of Directors

	Sd/-	Sd/-
	Pankaj Jain	Dinesh Jain
Date: 14/08/2023	(Director & CEO)	(Managing Director)
Place: New Delhi	DIN: 00001923	DIN: 00001912