Seasons Textiles Ltd Management Discussions

Seasons Texles Limited (STL) is a widely held flags hip Company of Seasons Group having more than 9000 shareholders and presently its shares are listed on BSE and CSE. STL has been promoted by Late Shri Nanak Singh Wadhwa, Shri Inderjeet Singh Wadhwa and Smt. Neelam Wadhwa, in the year 1986. The Company is progressing well under the able leadership of Shri Inderjeet Singh Wadhwa, CMD of the Company, a recipient of Udyog Patra Award.

BUSINESS OVERVIEW PRODUCTION:

Seasons Texles Limited (STL) is one of the Pioneer Company in India to manufacture furnishing fabrics in organized sector. At present the Company is engaged in manufacture of furnishing fabric, export and trading in furnishing fabric and made-ups. To ensure internao nal quality standards the Company is using the latest technology. The Companys philosophy is to provide a safe, healthy and eco-friendly atmosphere conducive to men and machines. To be compeve, both in export and domesc markets , connuous improvement in producvity and quality and creaon of new designs have always been conside red as the focus areas.

DESIGN:

The Company has In House Design Studio with a talented team of designers who ensure that innovave des igns are created to aract the customers keeping in mind the latest trends and customers taste. The company is having a collecon of more than 25,0 00 designs. During the year the Company has developed about 600 Designs in its own Design Studio for its customers. The Company has been regularly parcipa ng in internaonal fairs and exhibions which enable it t o keep itself abreast with the latest global trends and to show case its designs and manufacturing strengths.

MARKETING AND EXPORTS:

Apart from Indian Market the Company has been exporng its products to USA, Europe, UK, Middle East.

INDUSTRY STRUCTURE AND DEVELOPMENTS:

The Texle Industry in India is one of the largest segments of the Indian economy. It provides direct employment to many million people. Indian home furnishings manufacturers and home furnishings exporters offers a spectacular range of bedspreads, furnishing fabrics, curtains, rugs, durries, carpets, cushion covers, table covers, linen, kitchen accessories, made-ups, bath linen, and other home furnishings accessories to the naon as well as to the world. With the increasing texle industry i n the country, the furnishing fabric market will also connue to flourish. The home furnishing market is ancipate d to witness huge demand with the booming real-estate projects like hotels, hospitals, commercial and big residenal apartments. The Interior Texles segmen t of the home furnishings market includes household texles viz. Carpets and rugs, bedding products, kitchen linen, bathroom furnishings, window treatments, hammocks, table linen, curtains, and upholstery fabrics. It is directly proporonate to the number of houses and the countr ies having largest number of houses namely India, China and USA, in that order, are the largest markets for home furnishings. The global trade of Home texle is expected to grow in the coming years. The majority of home texles are produced in Asia. Lower prices and high- volume products have contributed to the expansion of exports parcularly from India and China.

OUTLOOK:

Indians have well understood the importance of staying one step ahead of developments in the world economic environment. The industry is now preparing itself to take share of opportunies expected to arise out of the market freed from quota restricons and other trade barriers. Business collaboraons with foreign play ers, creaon of buying offices and Governments effort to e nhance quality producon and export are many visibl e signs of Indians coming into force on the global market.

OPPORTUNITIES AND THREATS:

The local texle sector is now at a crical stage w here it should prepare itself to rise and grab the opportunies that are available through liberalizaon of the int ernaonal market. Manufacturers however, were caugh t in inadvertence as new players started to creep on the market at a me when most operators had aenon on imminent opportunies coming from a quota-free mark et. Strategies and policies were mainly targeted towards expansion and modernizaon leaving more space to do mesc players. Now it obviously appears that the la er have had ample freedom to strengthen them and they are now more prepared than export-oriented companies.

INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY:

The Company has adequate systems of internal control in place commensurate with its size and the nature of its operaons. These have been designed to provide reas onable assurance with regard to recording and providing reliable financial and operaonal informaon, comply ing with applicable statutes, safeguarding assets from unauthorized use or losses, execung transacons, p roper authorizaon and ensuring compliance of corpo rate policies. The Company has engaged the services of an independent Chartered Accountant to carry out the internal audit and ensure that recording and reporng are adequate and proper, the internal controls exist in the system and that sufficient measures are taken to update the internal control system. The system also ensures that all transacon is appropriately authorized, recorded an d reported. All these measures are connuously revi ewed by the management and as and when necessary improvements are affected.

MATERIAL DEVELOMENTS IN HUMAN RESOURCES INDUSTRIAL RELATION FRONT, INCLUDING NUMBER OF PEOPLE EMPLOYED:

The company recognizes the importance of human value and ensures that proper encouragement both moral and financial is extended to employees to movate th em. The company enjoyed excellent relaonship with work ers and staff during the last year.

ISSUES AND RISKS:

1. Compeon

As far as domesc market is concerned the unorgani zed sector in furnishing industry has always posed a challenge to the Company. However, the stringent quality control pracces and in-depth knowledge of home furnishing industry puts the company a step ahead from its competors.

2. Foreign Currency Risk

As the Companys sizeable turnover is contributed by exports and it deals in foreign currencies, any devaluaon in INR as compared to USD and EURO may a ffect its Receivables.

3. Management Risk

The Company ensures a well-defined Risk Management Policy to idenfy major risks and their mely migaon to protect the present and futures perform ance of the company. The risks are broadly classified as follows: Market led business risk; Financial risk; Change of trends and designs; Technology Obsolescence risk; Safety, Health & Environment risk; Regulatory issues impacng the industry. The Company has sustained moderate growth in recent periods and plans for rapid growth in the future. This will place significant demand on its managerial and other resources. Connued growth in a compeve environment increased the challenges involved in recruing and retaining skilled personnel. Failure to manage this vital resource effecvely could have an adverse effect on the Companys business prospects. The Company is constantly reviewing its HR pracces and incenv es to maintain its talent pool for keeping their performance at opmum levels. Any change in government policies with respect to exports may impact the working of the Company.

CAUTIONARY STATEMENT:

Investors are cauoned that this discussion contain s forward looking reasonable statements that involve risks and uncertaines including, but not limited to, ris ks inherent in the Companys growth strategy, government policies, taxaon laws, domesc as well as export m arket condions, fluctuaons in exchange rates, depe ndence on availability of qualified and trained manpower and other factors. The discussion and analysis must be read in conjuncon with the Companys financial statements a nd notes on accounts.

	For and on behalf of the Board of Directors
	For Seasons Texles Limited
	Inderjeet Singh Wadhwa
	Managing Director
	DIN: 00052459
Date: May 20, 2025
Place: New Delhi