Relic Technologies Ltd Management Discussions

This Management Discussion and Analysis report provides the analysis of financials and business of previous year future budget, expectation, planning of the company and may contain "forward looking statements" within the meaning of applicable laws and regulations and actual results may differ.

Industry overview

During FY 2024-25 the Company was engaged in the business of stock broking and insurance broking. The capital markets have seen ups and downs in the year and during the last year the market returns for investors were mixed.

Review of financial and operating performance

During the FY 2024-25, the Company could post a revenue of Rs. 166.32 lakhs on standalone basis. In view of the mandatory and essential costs to be incurred by the Company as well as one time exception items of Impairment for

Fair Value of Investments, the Company has posted loss of Rs. 171.87 lakhs during the year FY 2024-25.

1. Paid up share capital: The Company paid-up capital stood at Rs. 3.60 crores as on 31^st March 2025 consisting of 36,00,000 equity shares of Rs. 10 each.

2. Reserves and Surplus

Reserves and Surplus stood at Rs. 642.85 lakhs as compared to last year Reserves and Surplus Rs. 199.28 lakhs owing to increase in share application monies for preferential allotment of shares during the year for which allotment was done on 5^th April 2025.

3. Secured/ Unsecured Loan: The Company has not taken any secured of unsecured loans.

4. Turnover: During FY 2024-25, the Company posted a revenue of Rs. 166.32 lakhs on standalone basis and Rs.197.59 lakhs on Consolidated basis.

5. Profits /Loss: In view of the mandatory and essential costs to be incurred by the Company as well as one time exception items of Impairment for Fair Value of Investments, the Company has posted loss of Rs. 171.87 lakhs during the year FY 2024-25 on standalone basis and a loss of Rs.148.74 lakhs on consolidated basis.

BUSINESS ANALYSIS

During FY 2024-25 the Company was engaged in the business of stock broking and insurance broking. The

Company is proposing to change its main object to pursue the business of health and wellness, subject to approval of the shareholders.

Opportunities and risks

Opportunities

India offers vast opportunities for the healthcare and wellness products business, driven by a large and increasingly health-conscious population, growing lifestyle-related ailments, and a surge in demand for preventive and holistic healthcare solutions. The expanding middle class, rising disposable incomes, and increased digital access have further boosted consumption of wellness products, including supplements, fitness goods, organic foods, and Ayurvedic remedies. Government initiatives promoting traditional medicine systems like AYUSH and public health schemes have also created a supportive environment for growth, making India one of the most promising markets for healthcare and wellness businesses.

Risks

The healthcare and wellness products business in India faces risks despite its growth potential. Regulatory challenges, including complex compliance requirements and frequent policy changes, can hinder smooth operations. The market is also highly competitive, with both domestic and international players, leading to price pressures. Outlook: Indias healthcare & wellness sector is poised for sustained expansion, driven by consumer health awareness, digital adoption, personalized offerings, and institutional support. Continued innovation, regulatory clarity, and rural market outreach will be critical to realizing its full potential.

Internal Controls and its adequacy: The Company has been reviewing its internal control systems and processes continuously and company has a strong internal controls for continuously monitoring all operations. The Company had 6 employees on its rolls as on 31^st March 2025. There were no significant changes in the key financial ratios. The Return on Net Worth for the FY 2024-25 was negative.