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Rich Universe Network Ltd Management Discussions

19
(-4.23%)
Jul 8, 2024|12:00:00 AM

Rich Universe Network Ltd Share Price Management Discussions

ECONOMIC OVERVIEW

The governments efforts to revive economic activity through stimulus packages and policy reforms contributed to a positive investment climate. The stock market witnessed a mix of volatility and upward trends, reflecting investor sentiment and market dynamics. The implementation of various reforms, such as the introduction of the National Infrastructure Pipeline and the privatization of state-owned enterprises, created new avenues for investment and trading. However, the trading sector also faced challenges due to global uncertainties, fluctuations in commodity prices, and geopolitical tensions. The Indian governments focus on digitalization and technology-driven initiatives provided opportunities for companies engaged in online trading platforms.

OUTLOOK

Looking ahead, we remain optimistic about the long-term prospects of the share trading industry in India. We believe that by diversifying our revenue streams by exploring new business opportunities and expanding our service portfolio will help us reduce our dependence on share trading alone and create additional avenues for sustainable growth.

FINANCIAL PERFORMANCE

During the current financial year, our company faced certain challenges that impacted our profitability. We generated less profit compared to the previous year, primarily due to various external and internal factors affecting the market conditions and our operations. The decline in profits can be attributed to the following key factors:

Market Volatility: The stock market witnessed increased volatility during the current financial year, which affected our trading activities. Fluctuations in share prices and overall market uncertainty led to lower trading volumes and reduced profit margins. We encountered challenges in effectively managing the risk associated with volatile market conditions.

Lower Trading Activity: The overall trading activity in the market experienced a slowdown, resulting in decreased transaction volumes. This had a direct impact on our revenue generation. The reduced trading activity was influenced by factors such as economic uncertainties, regulatory changes, and investor sentiment.

OPPORTUNITIES AND STRENGTHS

The company will continue to adapt to market dynamics, optimize our operations, and explore growth opportunities to enhance our profitability. With our strong market presence, experienced team, and strategic initiatives, we are confident in our ability to navigate through the ever-changing business landscape and drive long-term success.

BUSINESS OVERVIEW

The company enjoys a strong reputation among its shareholders nationwide. The company has developed a fresh vision and a clear focus. In the upcoming years, the company has formulated a strategy to expand and diversify its business operations.

RISKS AND CONCERNS

The volatility of the Indian Stock Market keeping in view numerous companies applying for Initial Public Offer may tend to shift the preference of the investors from low risk to High risk shares.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has satisfactory internal control system. The Company has an adequate system of internal controls to ensure accuracy of accounting records, compliance with all laws & regulations and compliance with all rules, procedures & guidelines prescribed by the management. An internal audit is carried out by eminent professional. An internal team of inspection also regularly visits office of the Company for ensuring regulatory compliance. Post audit reviews are also carried out to ensure follow up on the observations made.

HUMAN CAPITAL

The company recognizes that its success is deeply embedded in the success of the human resources. The company has significantly scaled up its activities through investment in people and infrastructure. The company nurtures its employees through healthy working atmosphere that ensures equal opportunity for growth and challenge to all the equal opportunity for growth and challenge to all employees.

The company believes in creating business leaders by employing best talent in the industry, providing opportunities, empowerment by delegations, training and taking care of their growth.

Incentives are given to the employees such as Work from Home in order to keep them safe and at the same time adhering to the directions issued by the Government of India. This has resulted in increased productivity of the employees as well as reduced overhead costs of the company.

DISCLOSURES

During the year, the Company has not entered into any transactions of material nature with its promoters, the directors or the management, relatives etc. that may have potential conflict with the interest of the Company at large.

All the transactions with related party(ies) are made in ordinary course of business and on arms length basis.

CAUTIONERY STATEMENT

The statements made in this report describe the companys objectives and projections that may be forward looking statement within the meaning of applicable laws and regulations. The actual result might differ materially from those expressed or implied depending on the economic conditions, government policies and other incidental factors which are beyond the control of the company. The company is not under any obligation to publicly amend, modify or revise any forward looking statements on the basis of any subsequent developments, information or events.

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RISK DISCLOSURE ON DERIVATIVES
  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
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