sai capital ltd share price Management discussions

In terms of Regulation 34 of the Listing Regulations, the Management Discussion and Analysis report on your Companys performance industry trends and other material changes with respect to the Company are as under:

i. Industry Structure and Developments & Outlook, Opportunities & Threats and Discussion on financial performance with respect to operational performance:

The following analysis of Companys financial condition and results of operations should be read in conjunction with our financial statements and the notes thereto contained elsewhere in this report. Some of the statements in this report constitute forward-looking statements, which relate to future events or the Companys future performance or financial condition. The forward-looking statements contained herein involve risks and uncertainties, including statements as to:

• the Companys future operating results;

• the Companys business prospects

• the impact of investments that the Company expect to make;

• the dependence of the Companys future success on the general economy and its impact on the industries in which the Company invests;

• the Companys expected financing operations and investments; and

• the adequacy of the Companys cash resources and working capital;

ii. Segment wise or product wise performance: N.A.

iii. Risk and Concerns: The Company has such risk and concerns similar to the industry in which it operates.

iv. Internal Control Systems and their adequacy: The Company has appropriate Internal Control Systems and they are adequate and commensurate to the size of the business.

v. Material Developments in Human Resources / Industrial Relations front, including number of people employed: There is no material development in Human Resources during the year under review. Number of people employed during the financial year under consideration are 3.

GENERAL DISCLOSURES

Your Directors state that no disclosure or reporting is required in respect of the following items, as there were no transactions/events of such nature during the year under review:

1. Issue of equity shares with differential rights as to dividend, voting or otherwise.

2. Issue of Shares (Including Sweat Equity Shares) to employees of your Company under any scheme.

3. Voting rights which are not directly exercised by the employees in respect of shares for the subscription/ purchase of which loan was given by your Company (as there is no scheme pursuant to which such persons can beneficially hold shares as envisaged under section 67(3)(c) of the Act).

4. Application made or any proceeding pending under the Insolvency and Bankruptcy Code, 2016.

5. One-time settlement of loan obtained from the Banks or Financial Institutions.

6. Revision of financial statements and Directors Report of your Company.

CAUTIONARY STATEMENT

Statements in this Report, particularly those which relate to Management Discussion and Analysis as explained in this Report, describing the Companys objectives, projections, estimates and expectations may constitute ‘forward looking statements within the meaning of applicable laws and regulations. Actual results might differ materially from those either expressed or implied in the statement depending on the circumstances.