Siddha Ventures Ltd Management Discussions

I) INDUSTRY STRUCTURE AND DEVELOPMENTS

The Indian Capital Industry has observed a value growth in the last five years. Industries like Automobiles, Retailing, Fertilizers, Commercials, Metals, cement, Transportation, banking realty, Telecommunications and others have undergone rapid changes in its business environment. It has emerged as one of the most stable and sustainable of all emerging markets and is often crowned as a safe investment destination.

II) OPPORTUNITIES AND THREATS

The slowdown economy could have an impact in the market.

III) SEGMENT-WISE PERFORMANCE

The primary segment of the Company mainly consists of investments and trading in quoted and unquoted equities broking or sub-broking. The Company operates only in lndia which is the only reportable geographical segment. There being no secondary reportable segments, no segmental information has been provided.

IV) OUTLOOK

As of March 2025, the Indian capital market has a neutral outlook and is expected to be resilient to global economic and geopolitical shocks. The Indian stock market will continue to be influenced by global economic trends, fiscal policies, and sector-specific developments. Investors will likely focus on sectors demonstrating resilience and growth potential while remaining cautious about those facing structural challenges.

Issues of debentures floatation of mega issues, fast growth of mutual funds leading to larger mobilisation of saving from the capital market etc. The government has recently permitted the financial institution and companies also to become members of the stock exchanges.

India remains a bright spot for global investors thanks to its robust macroeconomic fundamentals. Indias economy is on track to reach 6.5 percent growth in the fiscal year 2024-25 and will hit 7 percent in 2026.

With these learnings we have developed a more optimistic future outlook, we believe that we are well-positioned to meet the challenges and generate sustainable long-term growth.

V) RISKS AND CONCERNS

Industry is always facing the risk of adverse effects on business on account of both Internal & external factors. The capability of execution and completion of mandates remains a challenge on account of various factors. Many mid-market participants to cope up with fast growing and changing landscape in the financial market. It is also facing risk of Insider trading, Lack of transparency, Oversubscription of shares & Problems related to the settlement mechanism.

The capital market also poses major challenges as of taming derivatives, regulatory overhang, the demise of proprietary trading, sustained volatility and increased concentration etc. So there is a requirement for further development in Capital Market.

The business of the Company may be affected by factors affecting capital markets such as price and volume volatility, Interest rates, currency exchange rates, foreign investment, government policy changes, political and economic developments and economic performance abroad.

VI) INTERNAL CONTROL SYSTEM

The Company is involved in the business of broking- sub broking, trading and investment company. The Company has developed well internal control systems to conduct its business within the framework of Regulations. The present structure & systems are adequate and commensurate to the size of operations of your company.

VII) DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE

The operation basic business activities of the company are investment and trading quoted and unquoted equities, broking. The Company has not done any broking activity during the year and its income came from dividend.

VIII) MATERIAL DEVELOPMENTS IN HUMAN RESOURCES/INDUSTRIAL RELATIONS FRONT INCLUDING NUMBER OF PEOPLE EMPLOYED

The employee strength of the company and its subsidiary is adequate. The company has already put in adequate processes, facilities, infrastructure and environment enabling the employees to function in an appropriate manner. There are no significant developments in this regard during last financial year.

IX) DISCLOSURE OF ACCOUNTING TREATMENT

Your company follows Accounting Standards as prescribed by Institute of Chartered Accountants of India (ICAI) for preparation of financial statements; there is no other such different treatment followed for the same.

X) STATUTORY COMPLIANCE

The Chief Financial Officer and Managing Director makes a declaration at each Board Meeting regarding compliance with provisions of various statutes after obtaining confirmation from respective units of the Company. The Company Secretary ensures compliance with Company Law, SEBI and other corporate laws applicable to the Company.

For and on behalf of the Board of Directors
SIDDHA VENTURES LIMITED
SD/-	SD/-
LAXMIPAT SETHIA DIN: 00413720 MANAGING DIRECTOR	SIDDHARTH SETHIA DIN:00038970 DIRECTOR
Date: 30.05.2025 Place: Kolkata