Sumeru Industries Ltd Management Discussions

ANNEXURE-III

Your Directors have pleasure in presenting the Management Discussion and Analysis Report for the year ended on 31st March, 2026.

Sumeru Industries Limited is engaged in the business of providing consultancy services. Though, this year the Company has not earned any order.

The Company is in continuous process of identifying new business opportunities.

The Company has ventured into the business of construction and development in partnership with AALPS Infraspace LLP. However, the project initiated by LLP stopped and Company has received back significant amount of money injected in the LLP.

As the Company has not carried out any business activities during the financial year under review, no operational income was earned under any business segment. Hence, segment-wise performance reporting is not applicable for the year.

Considering the size and scale of operations of the Company, adequate internal control systems are in place to provide reasonable assurance regarding safeguarding of assets and protection against unauthorized use or disposition.

During the financial year under review, the Company did not undertake any business operations and, accordingly, there was no operational revenue generated by the Company. The financial performance of the Company primarily comprises other income, administrative expenses, statutory compliance costs and other incidental financial transactions, if any.

As on 31st March, 2026, the Company had 4 employees including Company Secretary, Chief Financial Officer and Managing Director, where Managing Director doesnt draw any salary from the Company. The industrial relations remain cordial.

There is no significant change (i.e., change of 25% or more as compared to the immediately previous financial year) in the key financial ratios, e.g. Debtors Turnover, Inventory Turnover, Interest Coverage Ratio, Current Ratio, Debt Equity Ratio, Operating Profit Margin, Net Profit Margin or any sector specific equivalent ratio. Hence, no detailed explanation is required.

During the financial year under review, the Company did not carry out any business operations and accordingly reported no operational income. As a result, the Return on Net Worth is not comparable with the previous year and reflects the impact of administrative and statutory expenses incurred during the year.