Sanblue Corporation Ltd Management Discussions

“ANNEXURE-C”

A. Industry structure and developments

During the financial year 2024-25, the Indian textile and garment industry witnessed a steady revival, supported by export growth, policy interventions, and domestic consumption. The sector benefited from initiatives like the PLI Scheme and the PM MITRA Parks, which encouraged infrastructure development and investment. Technological advancements, adoption of sustainable practices, and skill development programs further enhanced competitiveness. The Company continues to align its operations with evolving market trends and government initiatives to strengthen its position in the textile value chain.

B. Opportunities and Threats

Rising domestic consumption and growth offer strong potential for market expansion. Policy support and infrastructure development are creating a favorable environment for scaling operations and sales. Despite facing challenges such as high raw material costs, labour shortages, and global competition, the industry remains poised for growth, with projections indicating significant expansion in both export and domestic markets.

The Company is mainly doing single segments activities; hence the requirement of segment-wise reporting is not applicable.

C. Risks and Concerns

The textile industry continues to face risks related to volatility in raw material prices, especially cotton, and increasing operational costs. Labour shortages, global competition, and changing trade policies may also impact production efficiency and export performance. Sustained focus on innovation, cost optimization, and policy compliance is essential to mitigate these challenges.

D. Internal Finance Control Systems their adequacy

The Company has an adequate system of internal controls to ensure accuracy of accounting records, compliance with all laws & regulations

Financial Performance with respect to Operational Performance

• Share Capital

The paid up equity share capital of the Company as on March 31,2025 stands at Rs. 49995750 divided into 4999575 equity shares of Rs. 10/- each fully paid up

• Net Worth

During the end of the year ,the Equity and other Equity of the Company are Rs 5277.12 lacs as compare to Rs. 5646.24 lacs of previous year.

• Secured Loans

During the year under review, Company has not obtained any secured loan.

• Total Income

During the end of the year, total income of the Company are Rs 241.66 lacs as compare to Rs. 204.52 lacs of previous year.

E. Human Resources

Human Resources There has been no material development on the Human Resource/ Industrial Relations front during the year. As on 31st March 2025 the Company has limited employees only.

	For and on behalf of the Board
	Sanblue Corporation Limited
	(Jose Daniel)
Dat : 12/08/2025	Chairman & Managing Director
Place : Ahmedabad	DIN:03532474