SPV Global Trading Ltd Management Discussions

<dhhead>MANAGEMENT DISCUSSION AND ANALYSIS </dhhead>

SPV GLOBAL TRADING LIMITED:

SPV Global Trading Limited currently has a spectrum of non-ferrous metals which serves the copper alloy manufacturing industry, which in turn serves many industries such as Automobiles, Electricals, Electronics, horological, coinage, etc.

The details with respect to financial performance has been included in detail in financial statements of the Company and in the Boards’ Report.

I. ECONOMIC & INDUSTRY OVERVIEW:

The global demand for copper continues to grow. World refined usage has more than tripled in the last 50 years, thanks to expanding sectors such as electrical & electronic products, building construction, industrial machinery & equipment, transportation equipment, consumer & general products.

Demand of copper is increasing due to progress of implementation of electric vehicle worldwide with associated charging infrastructure, decarbonization policy push by US and EU and more and more emphasis on green energy to mitigate climate change. The antimicrobial properties of copper are finding newer application in view of global pandemic situation. Copper being the green metal has been considered as a core driver for moving the global economy toward net zero emissions. Copper has been termed as new oil.

II. INDIAN COPPER SCENARIO :

Compared with global markets, India has very limited copper ore reserve contributing about 0.2% of world copper reserves. Mining production is just 0.12% of worlds production, whereas refined copper production is about 2% of worlds production.

Opportunity

Growing copper demand within country

Ready market for copper concentrate in India due to large smelting/refining capacity

Buoyancy in world copper prices

Scope for expansion of mine capacity

Opportunity to explore new deposits

Threat

Volatility in LME Copper price affecting turnover/profitability Increasing cost of inputs Attrition of skilled manpower Risk in existing non-profitable business

Cheaper substitute for copper

However, your Company is aware of the above threats and has worked steadily to strengths its business operations by putting appropriate policies and measures in place and well positioned to counter any adverse threat successfully.

IV. RISKS AND CONCERNS:

The Company has laid down risk management framework keeping the Companys objectives, growth strategy and process complexities arising out of its business operations. Risk management in organization is a continuous process of identifying, assessing and managing all the opportunities, threats and risks faced by the company to achieve its goals. The Board of Directors of your Company have framed a committee which is known as Risk Management Committee. The Board of Directors with the Aid of such Risk Management committee review and monitor Business risks for your Company. Moreover, the management also periodically reviews the policies and procedures and formulates plans for control of identified risks and improvements in the systems.

V. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The Company has internal control systems and procedures commensurate with its size and nature of business. The Company has in place delegation of authority, policies and manuals approved by the Board. The system also meticulously records all the transactions details and ensures regulatory compliance.

VI. SEGMENT WISE OR PRODUCT WISE PERFORMANCE:

The Company is engaged solely in trading activity segment and all activities of the Company revolve around this business.

INCLUDING NUMBER OF PEOPLE EMPLOYED

Manpower

As on 31.3.2026, the manpower of the Company was 7 (Seven).

Employee Relations

During the year, Employee Relations continued to be harmonious and peaceful in all Units of the Company and have contributed immensely towards smooth functioning of the Company.

Human Resource Development

Training and Development, based on identified needs is given due priority by the Company for all levels of employees to increase employee effectiveness, employee utilization and productivity as well as to usher in a culture of innovation and creativity with emphasis on deciphering problem-solving skills. VIII. KEY FINANCIAL RATIOS AND DETAILS OF SIGNIFICANT CHANGES THEREIN (I.E. CHANGE OF

25% OR MORE AS COMPARED TO THE IMMEDIATELY PREVIOUS FINANCIAL YEAR) ALONG WITH DETAILED EXPLANATIONS THEREOF:

During the year under a review there were no significant changes increase from 25 % or more as Compared to the Immediately previous Financial Year.

PREVIOUS FINANCIAL YEAR ALONG WITH A DETAILED EXPLANATION THEREOF:

Return on Net Worth for Financial Year 2025-26 is 193.43 % as against -0.50% in Financial Year 2024-25.

X. DISCLOSURE OF ACCOUNTING TREATMENT:

Your Company has prepared its financial statements for F.Y. 2025-26 in accordance with the Indian Accounting Standards (Ind AS) issued by the Institute of Chartered Accountants of India (ICAI) and as per Section 133 of the Companies Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (India Accounting Standards) (Amendment Rules), 2016. The implementation of Ind AS is a major change in the accounting treatment.

XI. CAUTIONARY STATEMENT:

The Statements in this Management Discussion and Analysis Report describing the Companys objectives, projections, estimates and expectations may be forward looking statements within the meaning of applicable laws and regulations. Actual results might differ materially from those expressed or implied.

The Company is not under any obligation to publicly amend, modify or revise any forward-looking statements based on any subsequent developments, information or events.