Quicktouch Technologies Ltd Management Discussions

COMPANY OVERVIEW

Quicktouch Technologies Limited is a technology-driven company focused on building and developing businesses across Edutech, Information Technology, Fintech and digital solutions. The Company has been pursuing a diversified growth strategy with an emphasis on technology-led businesses, strategic investments and opportunities that offer sustainable long-term value creation.

During FY 2025-26, the Company witnessed a year of strategic transition and business realignment. While the Company faced challenges in obtaining the final authorisation from the Reserve Bank of India for its proposed Payment Aggregator business, it continued to strengthen its existing operations and evaluate alternative growth opportunities. The Company had undertaken the required initiatives pursuant to the in-principle approval received earlier; however, the RBI subsequently rejected the application for final authorisation.

The Companys Edutech and ERP business under the "QuickCampus” brand continues to operate through its wholly owned subsidiary, Quickcampus Private limited (Formerly known as Qtouch Business Solutions Private Limited), enabling focused management and operational development of the business.

The Company is also expanding its presence through its subsidiaries and strategic initiatives. Techquench has emerged as an important growth opportunity, particularly in the education technology segment, with initiatives involving AI and Robotics Labs in educational institutions. During the year, the Company also undertook a strategic acquisition through the Corporate Insolvency Resolution Process (CIRP) with the objective of reviving the acquired business and creating long-term value. Going forward, Quicktouch intends to explore opportunities in electronics and IT hardware trading, technology-enabled services, and other permissible fintech activities, while continuing to strengthen its technology capabilities and subsidiary businesses. The Company remains focused on creating a diversified, resilient and sustainable business platform for future growth.

1. INDUSTRY STRUCTURE AND DEVELOPMENTS

The Indian technology industry continues to remain one of the key drivers of economic growth, supported by rapid digitalisation, increasing enterprise technology spending, adoption of Artificial Intelligence ("AI”), cloud computing, cybersecurity and digital transformation. The industry is undergoing a structural shift from traditional IT services towards AI-led, outcome-oriented and technology-enabled business models. According to NASSCOM, Indias technology sector is expected to cross US$315 billion in FY 2025-26, reflecting continued resilience and increasing focus on innovation and value creation.

AI has emerged as a major growth driver across sectors including education, financial services, healthcare, retail and enterprise services. The Government of Indias IndiaAI Mission, with an approved outlay of approximately Rs.10,372 crore, is further supporting the development of AI infrastructure, talent and innovation. The increasing adoption of AI in real-world applications is creating opportunities for businesses offering practical, affordable and sector-specific technology solutions.

The Edutech sector is also evolving towards experiential and technology- enabled learning, with increasing emphasis on AI, robotics, coding, STEM education and digital learning infrastructure. This presents opportunities for companies providing integrated education technology solutions and AI/Robotics Labs to schools and educational institutions.

The Fintech sector continues to develop rapidly, driven by digital payments, financial inclusion, data-driven services and AI-based applications. At the same time, the sector remains highly regulated, making regulatory compliance, governance, data protection and risk management critical

factors for sustainable growth.

Against this backdrop, Quicktouch Technologies Limited intends to adopt a diversified and opportunity-driven approach, with continued focus on Edutech through its subsidiaries while exploring opportunities in AI and Robotics, electronics and IT hardware trading, technology-enabled services and permissible fintech activities. The Company believes that its technology capabilities and subsidiary-led expansion provide a foundation to participate in Indias evolving digital economy.

Industry Outlook

The outlook for the Indian technology sector remains positive, supported by continued digitalisation, increasing technology adoption, Artificial Intelligence (AI), cloud computing, cybersecurity and expansion of digital infrastructure. Indias technology industry is projected to reach approximately US$315 billion in FY 2025-26, with growth increasingly shifting from traditional scale-driven models towards innovation, AI- enabled solutions and outcome-oriented services.

The next phase of growth is expected to be driven by the industrialisation of AI, increased enterprise adoption of AI-enabled applications, development of data-centre infrastructure and demand for technology products and services. Indias IT spending is projected to grow by 10.6% in 2026, with particularly strong growth expected in software, IT services and data-centre systems.

The Edutech and education technology segment also presents attractive opportunities, particularly in AI, robotics, STEM education, coding and experiential learning. The increasing integration of technology into educational institutions is expected to create demand for AI and Robotics Labs and technology-enabled learning infrastructure.

The electronics and IT hardware ecosystem is also expected to benefit from Indias increasing focus on domestic electronics manufacturing, semiconductor capabilities and digital infrastructure. Government initiatives, including the India Semiconductor Mission 2.0, are intended to strengthen domestic capabilities and supply chains.

Against this backdrop, Quicktouch Technologies Limited intends to adopt a diversified and prudent growth strategy. The Company will continue to strengthen its Edutech business through its subsidiaries, particularly initiatives relating to AI and Robotics, while exploring opportunities in electronics and IT hardware trading, technology-enabled services and permissible fintech activities. Following the RBIs decision regarding the Payment Aggregator application, the Company is evaluating alternative opportunities with greater emphasis on regulatory compliance, scalability and sustainable value creation.

The management remains optimistic about the long-term outlook and believes that the Companys diversified approach will provide multiple avenues for future growth and strengthen its business resilience.

2. OPPORTUNITIES AND THREATS

OPPORTUNITIES	THREATS
The evolving technology landscape in India presents significant opportunities for Quicktouch Technologies Limited to diversify its business and build sustainable sources of growth. The increasing adoption of Artificial Intelligence, Robotics, digital learning, automation and technology-enabled services is creating new avenues across education, financial services, electronics and enterprise technology. Government initiatives are also increasingly focused on AI, robotics and future-skills development, creating a favourable ecosystem for technology-led businesses.	The Company operates in a rapidly evolving and highly competitive technology environment. While the industry presents significant growth opportunities, certain external factors may impact the Companys business, financial performance and future growth.
Key opportunities identified by the Company include:	Key threats identified by the Company include:
• AI & Robotics: Growing demand for AI, robotics and STEM-based learning provides an opportunity to expand AI and Robotics Labs through the Companys subsidiary, Techquench. Government programmes are also promoting AI and robotics skills among students and youth. • Edutech Expansion: The Company sees considerable potential in technology-enabled education, ERP solutions, digital classrooms and experiential learning. The continued development of the QuickCampus business through its subsidiary provides a platform for further expansion. • Electronics & IT Hardware Trading: Increasing digitalisation and demand for computers, networking equipment, smart devices and other technology products provide opportunities for the Company to enter and scale its electronics and IT hardware trading business. • Alternative Fintech Opportunities: Although the proposed Payment Aggregator authorisation was not granted by the RBI, the Company continues to evaluate other permissible and compliant fintech activities, including technology-enabled financial services and digital solutions. • Strategic Acquisitions: The Companys experience in acquiring and reviving businesses through the CIRP route provides an opportunity to identify undervalued or distressed businesses with potential for turnaround and value creation. • Technology Partnerships and New Markets: The Company may explore strategic partnerships, acquisitions and new markets in emerging technology segments to complement its existing capabilities and diversify revenue streams. The Company intends to pursue these opportunities in a prudent, compliance-oriented and phased manner, with emphasis on scalability, sustainable profitability and long-term stakeholder value.
• Regulatory and Compliance Risk: Changes in regulations, particularly in the fintech and financial services sectors, may affect the Companys ability to launch or expand certain business activities. The recent rejection of the Companys proposed Payment Aggregator authorisation by the RBI highlights the importance of regulatory approvals and compliance requirements. • Intense Competition: The technology, Edutech, fintech and electronics markets are highly competitive, with established players and new technology-driven businesses continuously entering the market. This may put pressure on pricing, margins, customer acquisition and market share. • Cybersecurity and Data Privacy: Increasing dependence on digital platforms exposes businesses to cybersecurity threats, data breaches, ransomware, fraud and other technology risks. Cybersecurity and data protection have become significant business and reputational risks for technology and fintech companies. • Rapid Technological Changes: The fast pace of developments in AI, automation, cloud computing and other emerging technologies may make existing products and services obsolete unless the Company continuously invests in technology and innovation. • Availability of Skilled Talent: The availability and retention of skilled professionals, particularly in AI, robotics, software development, cybersecurity and fintech, may impact the Companys ability to execute its growth plans. Skill shortages remain a significant challenge for technology businesses. • Business Integration Risk: The Companys strategy includes acquisitions and revival of businesses through the CIRP route. Delays in integration, operational restructuring or turnaround of acquired entities may affect expected returns. • Market and Economic Conditions: Changes in economic conditions, consumer spending, interest rates, supply-chain disruptions and fluctuations in demand may adversely affect the Companys operations, particularly its proposed electronics and IT hardware trading business. The Company remains committed to prudent risk management, regulatory compliance, technology upgradation, cybersecurity and diversification of its business portfolio to mitigate these risks and build a resilient and sustainable business model.

During FY 2025-26, the Company continued to operate through a diversified business model, with its activities spread across technology- enabled businesses, Edutech and emerging business opportunities. The year was primarily a period of business transition and strategic realignment, particularly following the non-grant of the final RBI authorisation for the proposed Payment Aggregator business.

Edutech Segment

The Edutech and ERP business, including the QuickCampus platform, continues to be operated through the Companys wholly owned subsidiary, Quickcampus Private Limited (Qtouch Business Solutions Private Limited). The business remains focused on providing technology-enabled solutions to educational institutions, including ERP, digital learning and related services.

The Company continues to view Edutech as a strategic growth area, with increasing emphasis on AI, Robotics, STEM education and experiential learning.

AI & Robotics / Education Technology

The Companys subsidiary Techquench witnessed encouraging developments during the year and expanded its presence in the education technology space. The subsidiary undertook strategic acquisitions/initiatives involving educational institutions for establishing AI and Robotics Labs, thereby creating opportunities in emerging areas such as artificial intelligence, robotics, coding and technology-enabled learning.

Fintech and Digital Services

The Company had pursued the Payment Aggregator business pursuant to the in-principle authorisation received from the RBI in the previous year. During FY 2025-26, despite the Company taking steps to fulfil the conditions stipulated under the in-principle approval, the RBI did not grant the final authorisation.

Accordingly, the Company is evaluating other permissible fintech and technology-enabled financial service opportunities with a strong focus on regulatory compliance.

Electronics and IT Hardware

As part of its forward-looking diversification strategy, the Company is exploring opportunities in the trading of electronic goods, IT hardware and related technology products. This segment is expected to complement the Companys existing technology ecosystem and provide an additional avenue for revenue generation.

Strategic Acquisitions

During the year, the Company also pursued acquisition-led growth, including acquisition of an entity through the Corporate Insolvency Resolution Process (CIRP) for revival and value creation. The Company intends to evaluate similar strategic opportunities where it can leverage its management and technology capabilities to unlock potential value.

Overall, FY 2025-26 was a year of transition, consolidation and repositioning. While the Companys traditional revenue streams were impacted during the year, management remains focused on developing scalable businesses across Edutech, AI & Robotics, electronics and IT products, technology services and permissible fintech activities.

The Company believes that this diversified approach will provide a stronger platform for sustainable growth in the coming years.

The outlook for Quicktouch Technologies Limited remains focused on diversification, sustainable growth and technology-led business expansion. FY 2025-26 was a year of significant transition, particularly following the rejection by the Reserve Bank of India of the Companys application for final authorisation for Payment Aggregator operations. While the outcome was a setback, the Company has used the experience to reassess its strategy and identify opportunities that offer greater scalability and sustainable long-term value.

Indias technology ecosystem continues to present significant opportunities, particularly in Artificial Intelligence, digital infrastructure, electronics, education technology and technology-enabled financial services. Government initiatives are supporting the development of AI, semiconductors and advanced electronics, creating a favourable environment for technology-focused businesses.

Going forward, the Company intends to pursue a diversified business approach with focus on the following areas:

• Edutech and AI-led education: The Company will continue to support the growth of its Edutech business through its subsidiary, with emphasis on ERP solutions, digital learning and technology- enabled education.

• AI & Robotics: Through Techquench, the Company intends to expand AI and Robotics Labs and related STEM learning initiatives across educational institutions.

• Electronics and IT Hardware: The Company is evaluating opportunities in trading of electronic goods, IT hardware and related technology products, benefiting from Indias expanding electronics ecosystem.

• Fintech and Digital Services: Following the RBI decision, the Company will explore other permissible fintech activities and technology-enabled financial services, subject to applicable regulatory requirements.

• Strategic Acquisitions: The Company will continue to evaluate acquisition and revival opportunities, including businesses that can be acquired through the CIRP route, where management believes there is potential for turnaround and value creation.

• Technology Expansion: The Company intends to strengthen its technology capabilities and explore strategic partnerships, new products and emerging technology opportunities.

The Company remains cautiously optimistic about its future. Management believes that the combination of its existing technology capabilities, growing subsidiaries, AI and Robotics initiatives, strategic acquisitions and new business opportunities will enable Quicktouch to build a more diversified, resilient and sustainable business model. The Company will continue to pursue growth opportunities with appropriate risk assessment, regulatory compliance and disciplined capital allocation.

RISK AND CONCERNS

The Company operates in a rapidly changing and competitive business environment. As part of its diversified growth strategy, the Company is exposed to various business, financial, regulatory, technological and market-related risks. The management continuously monitors these risks and takes appropriate measures to mitigate their potential impact. The identification and disclosure of material risks and concerns form an important part of the Management Discussion and Analysis under the SEBI framework.

The key risks and concerns applicable to the Company are as follows:

1. Regulatory Risk:

The Company is exploring opportunities in fintech and other regulated activities. Any change in applicable laws, regulations, licensing requirements or regulatory policies may impact the Companys ability to enter or expand into such businesses. The rejection of the proposed Payment Aggregator authorisation by the RBI during FY 2025-26 demonstrates the importance of regulatory approvals for the Companys proposed fintech initiatives.

2. Business Diversification Risk:

The Company is entering and evaluating new business areas, including electronics and IT hardware trading and alternative fintech activities. New businesses may require investment, specialised expertise, appropriate infrastructure and time to achieve scale and profitability.

3. Technology and Cybersecurity Risk:

The Companys businesses are increasingly dependent on technology, digital platforms, software and data. Cyberattacks, data breaches, system failures, technology obsolescence or disruption of IT infrastructure could adversely affect operations and reputation.

4. Competition Risk:

The Edutech, technology, electronics and fintech sectors are highly competitive. Competition from established players and new technology- driven companies may affect pricing, margins, customer acquisition and market share.

5. Acquisition and Integration Risk:

The Companys strategy includes strategic acquisitions, including acquisition through the CIRP route. Delays in integration, restructuring, operational revival or achieving expected synergies may affect the anticipated benefits of such acquisitions.

6. Financial and Liquidity Risk:

The Companys financial performance may be affected by fluctuations in revenue, operating costs, working capital requirements and availability of funds. The management continues to focus on prudent financial management and efficient utilisation of resources.

7. Talent and Human Resource Risk:

The Companys growth in technology, AI, Robotics and fintech-related businesses requires skilled professionals. Retention and availability of appropriately skilled manpower may impact the Companys ability to execute its growth plans.

8. Market and Economic Risk:

Changes in economic conditions, consumer demand, interest rates, supply-chain conditions and overall market sentiment may affect the Companys existing and proposed businesses, particularly electronics and IT hardware trading.

The Company remains committed to strengthening its internal controls, regulatory compliance, technology infrastructure and risk-monitoring processes. The Board and management will continue to review the Companys risk profile periodically and take appropriate measures to minimise the potential impact of identified risks.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has established an adequate and effective internal control system commensurate with the size, scale and nature of its business operations. The internal control framework is designed to ensure proper authorisation and recording of transactions, safeguarding of assets, prevention and detection of errors and fraud, compliance with applicable laws and regulations, and reliability of financial reporting.

The Company has implemented appropriate controls relating to delegation of authority, segregation of duties, financial reporting, accounting processes, system access, documentation and approval mechanisms. These controls are periodically reviewed by the management to ensure their continued effectiveness and alignment with the Companys evolving business requirements.

The Audit Committee periodically reviews the adequacy and effectiveness of the internal control systems, internal audit observations and the implementation of corrective measures, wherever required. The Statutory Auditors also evaluate the internal financial controls over financial reporting as required under the Companies Act, 2013.

Based on the assessment carried out during the year, the management is of the view that the Companys internal financial controls were adequate and operating effectively during FY 2025-26. No material weakness in the design or operation of such controls was observed during the year.

The Company remains committed to continuously strengthening its internal control framework, particularly in view of its diversified business operations, subsidiary-led expansion, strategic acquisitions and proposed entry into new business segments.

MATERIAL DEVELOPMENTS IN HUMAN RESOURCES

The Company considers its employees and human resources to be an important contributor to its continued growth and transformation. During FY 2025-26, the Company continued to focus on building a skilled, accountable and technology-oriented workforce aligned with its evolving business requirements.

With the Company undergoing strategic realignment and exploring new business opportunities, emphasis was placed on strengthening capabilities in areas such as technology, Edutech, AI and Robotics, finance, compliance, business development and operations. The Company also continued to support the development of its subsidiaries and their respective business initiatives.

The growth of Techquench and its expansion into AI and Robotics Labs in educational institutions has created opportunities for specialised manpower in areas including robotics, STEM education, technology implementation and training. The Company recognises that availability of skilled professionals will be critical to successfully execute its future growth plans.

The Company remains committed to maintaining a professional, transparent and performance-oriented work environment, while promoting teamwork, learning and continuous skill development. Appropriate measures are undertaken to ensure compliance with applicable labour laws, employee welfare requirements and workplace policies.

Going forward, the Company intends to further strengthen its human resource capabilities in line with its diversification into electronics and IT hardware, technology-enabled services, AI and Robotics and permissible fintech activities. The management believes that a capable and future- ready workforce will remain a key enabler of the Companys long-term growth strategy.

FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE

Year	Total Revenue	Revenue growth %	Profit after Tax (PAT)	PAT Change %	EPS	EPS Change %
2025-26	44.45	-99.5	-500.11	-189.82	-3.91	-130
2024-25	8,830.30	-27.63	556.88	-17.69	12.43	3.84
2023-24	12201.78	38.8	676.54	5.9	11.97	-30.04

1. DETAILS OF SIGNIFICANT CHANGES (I.E. CHANGE OF 25% OR MORE AS COMPARED TO THE IMMEDIATELY PREVIOUS FINANCIAL YEAR) IN KEY FINANCIAL RATIOS, ALONG WITH DETAILED EXPLANATIONS THEREFORE, INCLUDING:

Changes in the key financial ratios as compared to the immediately previous financial year, details of the same are as follows:

Particular	F.Y. 2024-25	F.Y. 2025-26	% Variance	Reason (if more than 25% change)
(i) Debtors Turnover	2.27	0.74	(67.36)	The decrease is primarily due to lower revenue from operations and an increase in average trade receivables during the year.
(ii) Creditor Turnover	15.57	3.57	(77.08%)	The decrease is mainly attributable to lower purchases during the year and changes in the level of average trade payables.
(iii) Debt Service Coverage Ratio	7.54	(0.39)	(105.15%)	The ratio declined significantly due to negative earnings available for debt servicing during FY 2025-26, coupled with higher finance costs and debt-servicing obligation
(iv) Current Ratio	3.38	5.42	60.47%	The increase is primarily due to a significant increase in current assets, particularly short-term loans and advances and cash balances, relative to current liabilities.
(v) Debt Equity Ratio	0.10	0.68	595.19	The increase is mainly due to a substantial increase in borrowings during the year, including long-term and short-term borrowings, undertaken to support business operations and strategic initiatives.
(vi) Return on Capital Employed (%)	6.05	(3.56)	(158.88)	The decline is primarily due to the loss before interest and tax during FY 2025-26, together with an increase in capital employed.
(vii) Net Profit Ratio (%)	5.98	(36.09)	(703.40)	The decline is mainly attributable to the loss incurred during FY 2025-26, along with a significant reduction in revenue from operations.

2. DETAILS OF ANY CHANGE IN RETURN ON NET WORTH (Rs. in Lakhs)

During FY 2025-26, the Companys Return on Net Worth (RoNW) declined significantly compared to the previous financial year. As per the consolidated financial statements, the RoNW decreased from 6.85% in FY 2024-25 to (5.96%) in FY 2025-26.

Particulars	FY 2024-25	FY 2025-26	Change
Net Profit / (Loss) after Tax	567.60 Lakh	(948.68) Lakh	(267.13%)
Average Shareholders Equity	8,284.61 Lakh	15,913.33 Lakh	92.08%
Return on Net Worth	6.85%	(5.96%)	(12.81 percentage points)

The decline in RoNW was primarily attributable to the loss incurred during FY 2025-26, together with a significant increase in the Companys average shareholders equity. The increase in the equity base reflects the strengthening of the Companys capital structure and deployment of funds towards business expansion, subsidiaries and strategic initiatives.

The negative RoNW during the year should also be viewed in the context of the Companys business transition and restructuring, including the non-grant of final RBI authorisation for the proposed Payment Aggregator business and the Companys continued investment in developing its subsidiaries and exploring new business opportunities.

The Company remains focused on improving profitability and return on shareholders funds through expansion of its Edutech, AI & Robotics, electronics and IT hardware, strategic acquisition and other permissible technology and fintech activities.

Source: Consolidated financial statements and Ratio Working for FY 2025-26. The Ratio Working records RoNW/Return on Equity at (5.96%) for FY 2025-26 against 6.85% for FY 2024-25.

CAUTIONARY STATEMENT

This Management Discussion and Analysis Report contains certain statements concerning the Companys business, objectives, plans, strategies, future prospects and expectations that may constitute forward-looking statements within the meaning of applicable laws and regulations. Such statements are based on the Companys current expectations, assumptions and estimates and are subject to various risks and uncertainties.

Actual results, performance or achievements may differ materially from those expressed or implied in such forward-looking statements due to factors including, but not limited to, changes in economic and market conditions, regulatory and statutory developments, availability of approvals, competition, technological changes, business risks, financial conditions, cybersecurity risks, acquisition and integration risks and other unforeseen factors.

The Companys proposed expansion into Edutech, AI & Robotics, electronics and IT hardware trading, technology-enabled services and permissible fintech activities is subject to market conditions, regulatory requirements and successful execution of its business plans.

The Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable laws and regulations. Accordingly, readers are cautioned not to place undue reliance on such forward-looking statements.

Forward-Looking Statements

Forward-looking statements may include, but are not limited to, projections of revenue, earnings, capital expenditures, cash flows, future economic performance, strategic initiatives, product developments, and market expansion plans—especially related to our growing fintech platform QuickPay, ongoing regulatory approvals, and new international ventures. These statements often use words such as:

"aim," "anticipate," "aspire," "believe," "could," "estimate," "expect," "intend," "may," "plan," "project," "seek," "should," "will," and other expressions of similar nature.

While these statements reflect managements optimistic outlook and are grounded in reasonable assumptions at the time of reporting, they are by nature subject to inherent risks, uncertainties, and changing conditions— both internal and external.

Limitations and Risk Considerations

The Company operates in a dynamic and competitive business environment and its future performance may be influenced by various internal and external factors. The Companys business plans and growth prospects are subject to market conditions, regulatory requirements, availability of resources and successful execution of its strategic initiatives.

Key limitations and risk considerations include:

• Regulatory Limitations: The Companys proposed fintech activities are subject to applicable regulatory approvals and compliance requirements. The rejection of the Payment Aggregator authorisation by the RBI during FY 2025-26 highlights the regulatory risks associated with such businesses.

• Market Competition: The Edutech, technology, AI & Robotics, electronics and fintech sectors are highly competitive. Competition may impact pricing, margins, customer acquisition and market share.

• Technology Risk: Rapid technological developments may require continuous investment in technology, infrastructure and skilled manpower. Cybersecurity incidents, system failures or data breaches may adversely affect operations.

• Execution Risk: The Companys future growth depends on successful implementation of its expansion plans, including development of AI & Robotics initiatives, electronics and IT hardware trading and other technology-enabled businesses.

• Acquisition Risk: Strategic acquisitions, including businesses acquired through the CIRP process, may involve integration, restructuring and operational challenges. The expected benefits may take time to materialise.

• Financial Risk: Expansion into new businesses may require additional working capital and investment. Changes in interest rates, liquidity conditions and availability of financing may affect financial performance.

• Human Resource Risk: The Companys growth plans require skilled professionals in technology, AI, Robotics, Edutech, finance and other specialised areas. Retention and availability of appropriate talent may affect execution.

• Economic and Business Conditions: Changes in economic conditions, customer demand, supply chains and overall market sentiment may impact the Companys existing and proposed businesses.

The Company continues to monitor these risks through appropriate internal controls, management oversight, regulatory compliance and periodic review of business strategies. While the management remains optimistic about the Companys long-term prospects, there can be no assurance that the anticipated opportunities will materialise as expected.

Responsibility and Disclosure

The Management Discussion and Analysis Report has been prepared by the Management of Quicktouch Technologies Limited to provide shareholders and other stakeholders with a fair and balanced view of the Companys business performance, financial position, opportunities, risks and future prospects for FY 2025-26.

The information and statements contained in this Report are based on the Companys records, financial statements and information available to the Management as on the date of this Report. The Management has exercised due care in presenting the information and believes that the disclosures are appropriate and consistent with the Companys operations and circumstances during the year.

The financial information discussed in this Report should be read together with the audited Standalone and Consolidated Financial Statements, including the notes forming part thereof, and the Statutory Auditors Report.

The Company acknowledges that actual results may differ from forwardlooking expectations due to various business, economic, regulatory, technological and other factors. The Company undertakes to make appropriate disclosures of material developments and events in accordance with applicable laws and regulations.

The Management and the Board of Directors remain committed to transparency, good corporate governance, regulatory compliance and protection of stakeholder interests while pursuing the Companys longterm growth strategy.