Rich Universe Network Ltd Management Discussions

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has an adequate internal control system in place to safeguard assets and protect against losses from any unauthorised use or disposition. The system authorises, records and reports transactions and ensures that recorded data are reliable to prepare financial information and to maintain accountability of assets. The Companys internal controls are supplemented by an extensive programme of internal audits, reviews by the management, and documented policies, guidelines and procedures.

Our Company places significant emphasis on the inspection of process controls, risk monitoring, and fraud prevention methods. Therefore, we have made substantial investments to ensure that our internal audit and control systems are appropriate and sufficient to meet our regulatory requirements and operational scale. Additionally, we strive to minimize operational risk by maintaining comprehensive internal controls, establishing rules and processes to monitor transactions, implementing necessary backup procedures, and developing contingency plans.

To mitigate risks associated with employee and consumer fraud, fire incidents, theft, and burglary, our Company adequately insures the pledged ornaments. Furthermore, we employ both on-site and off-site security surveillance measures to safeguard our branch locations. Additionally, we conduct risk-based internal audits across all branches to assess the adequacy and compliance of internal controls, systems, and procedures.

HUMAN CAPITAL

At Rich Universe, we promote our top performers to managerial positions through fast track promotion. This gives them growth opportunities and new challenges. This also helps us to have role-fit resources who are experts in our internal processes and performance values. This reduces the training time and costs for new joiners.. The company values employee satisfaction and engagement, and strives to maintain and improve Rich Universe Networks Limited the standards that earned it the recognition.

Over the last few years, Rich Universe has enhanced its operational processes, improved its policies and accelerated its performance. These developments have translated into increased profits, enabling your Company to achieve all its goals.

Human Resources (HR) play a crucial role in developing, reinforcing, and enhancing the culture of an organization. We emphasize people-friendly policies and practices and focus on adopting the best HR policies and practices. A strong management team at our Company attracts proficient professionals from various sectors, including BFSI, technology, software, and start-ups. This has helped build a transparent, meritorious, and performance-driven culture in the organization.

DISCLOSURES

Disclosure is crucial for a listed company as it ensures transparency and builds investor confidence. Accurate and timely reporting of financial performance, governance practices, and material risks helps stakeholders make informed decisions. Adhering to regulatory requirements and industry standards for disclosure fosters trust and accountability, while effective communication of strategic goals and operational updates can positively influence market perception. Comprehensive disclosure not only aligns with legal obligations but also supports long-term corporate reputation and investor relations.

CAUTIONERY STATEMENT

Statements in this Management Discussion and Analysis describing the Companys objectives, projections, estimates and expectations may be ‘forward-looking statements within the meaning of applicable laws and regulations. Important developments that could affect the

Companys operations include a downtrend in the financial services industry, global or domestic or both, significant changes in the political and economic environment in India or key markets abroad, tax laws, litigation, labour relations, exchange rate fluctuations, interest and other factors. Actual results might differ substantially or materially from those expressed or implied. This report should be read in conjunction with the financial statements included herein and the notes thereto.