Superior Industrial Enterprises Ltd Management Discussions

ANNEXURE-I

FINANCIAL YEAR OF THE COMPANY: The Financial Year of the Company continues to remain twelve month of financial year starting with 1st April of every financial year.

DISCUSSION OF FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE:

FINANCIAL RESULTS (highlights): Attention of the members is drawn to the notification dated March 31, 2023, issued by the Ministry of Corporate Affairs relating to the Companies (Indian Accounting Standards) Amendment Rules, 2023. Pursuant to the said notification, the Company has adopted the amended Indian Accounting Standards (Ind AS) with effect from the financial year under review. Consequently, the financial statements for the previous year (FY 2024-25) have been restated as per the amended Ind AS to facilitate a like-to-like comparison. Financial results of the Company for the year under review are summarized as below, pursuant to Section 129(3) read with the Companies (Accounts) Rules, 2014.

Particulars	Year ended 31-03-2025	Year ended 31-03-2024
	(INR in Lakhs)	(INR in Lakhs)
Total Income	1329.83	1360.09
Less: Total Expenditure	1230.52	1138.66
Profit / (Loss) before Tax	99.31	221.43
Less: Provision for Income tax	19.37	33.62
Profit / (Loss) After Tax	79.94	187.81

a. According to the requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, revenue for the year ended 31st March, 2025 was reported inclusive of Goods and Services Tax (“GST”). As per Ind AS 18, the revenue for the year ended 31st March, 2025 is reported net of GST.

b. There were no material changes and commitments affecting the financial position of the Company which occurred between the end of the financial year to which this financial statement relates on the date of this report.

HINDUSTAN AQUA PRIVATE LIMITED

(INR in Lakhs)

S. No	Particulars	Year ended 31.03.2025	Year ended 31.03.2024
1	Total Income	2082.31	1402.13
2	Less: Total Expenditure	463.98	286.48
3	Profit / (Loss) before Tax	1618.32	1,115.31
4	Less: Current tax	(461.08)	(177.19)
5	Profit / (Loss) After Tax	1,157.24	938.12

BABRI POLYPET PRIVATE LIMITED (INR in Lakhs)

S. No.	Particulars	Year ended 31.03.2025	Year ended 31.03.2024
1	Total Income	3103.60	3033.41
2	Less: Total Expenditure	3006.12	2974.22
3	Profit / (Loss) before Tax	97.48	59.19
4	Less: Provision for Income tax	0.19	0.21
5	Profit / (Loss) After Tax	97.29	58.98

OPERATIONS: Your Company continues to take effective steps in broad basing its range of activities.

INDUSTRY STRUCTURE AND DEVELOPMENT: Your Company deals in the business of manufacturing of corrugated boxes, which is used in packaging of bottles of mineral water and soft drinks.

Industrial Relations in plant generally remained cordial during the year under review. Transitioning from ‘Industrial Relations to ‘Employee Relations, a more focused approach on increased Employee Engagement.

OPPORTUNITY AND THREATS: Our success as an organization depends on our ability to identify opportunities and leverage them while mitigating the risks that arise while conducting our business. The Company is facing price war from its peers which is leading to decrease in the operating profit margin of the Company.

The Company is planning to adopt for cost minimization and cost rationalization techniques in its production to protect its margins which will benefit the Company not in this current economic crisis but in the future period. As the economy is slowly and slowly recovering from its bottoms, Company is also seeing the spurt in demand and the Company is seeing the ray of hope for the times to come.

OUTLOOK, RISK AND CONCERN: Management risks to the business with the overall recessionary phase in the world economy is a continuous challenge for any organization growing in size and enhancing its purpose. The traditional risk factors like client risks, industry segment risks and economic risks are well understood and the means to handle them are also fairly established.

The Company follows a specific, well-defined risk management process that is integrated with operations for identification, categorization and prioritization of operational, financial and strategic business risks. Across the organization, there are teams responsible for the management and mitigation of risks.

FUTURE OUTLOOK: In the current year, your directors are putting up efforts to increase the earning speed and it is hope that the Company will do better in current year as compared to last year.

Further, the Company will continue with its expansions plans by acquisition, investment and other mode of expansion as and when approved by the management of the Company subject to the provisions of the Companies Act, 2013 and other regulatory approvals as applicable.

DISCLOSURE OF ACCOUNTING TREATMENT: In the preparation of financial statements, any treatment different from that prescribed in an Accounting Standard has not been followed.

SEGMENT WISE PERFORMANCE: The Company operates only in one segment.

DECLARATION REGARDING COMPLIANCE BY BOARD MEMBERS AND SENIOR MANAGEMENT PERSONNEL WITH THE COMPANYS CODE OF CONDUCT

This is to confirm that the Company has adopted a Code of conduct for its employees including the Director. I confirm that the Company has in respect of the Financial Year ended 31st March, 2025, received from the Senior Management team of the Company and the members of the Board, a declaration of Compliance with the code of Conduct as applicable to them.

DISCLOSURE OF ACCOUNTING TREATMENT

The financial statements of the Company have been prepared in accordance with the Generally Accepted Accounting Principles in India (Indian GAAP) to comply with the Accounting Standards notified under Section 133 of the Companies Act, 2013 (“the 2013 Act”) and the relevant provisions of the 2013 Act, as applicable. The financial statements have been prepared on going concern basis under the historical cost convention on accrual basis.

The Company has follows to continue with the period of 1st day of April to 31st day of March, each year as its financial year for the purpose of preparation of financial statements under the provisions of Section 2(41) of the Companies Act, 2013.

HUMAN RESOURCES:

During the year under review, Human Resources (HR) continued its transformation initiatives, in a volatile and uncertain business environment, to cater to the organizational requirements. HR continued its catalyst role and enabled the process of change over to global tools to focus on personnel planning for mid and long term. The Company continued its efforts to foster and drive younger generation towards future leadership.

CAUTIONARY FORWARD LOOKING STATEMENTS:

Statements in the Boards Report and the Management Discussion & Analysis describing the Companys objective, expectations or forecasts may be forward looking within the meaning of applicable laws and regulations. Actual results may differ materially from those expressed in the statement.

The Directors express their gratitude to the various Central and State Government Departments for their continued cooperation extended to the Company. The Directors also thank all customers, dealers, suppliers, banks, members and business partners for the excellent support received from them. The Directors would also like to acknowledge the exceptional contribution and commitment of the employees of the Company during the year under review.

	For and on behalf of Board
	Superior Industrial Enterprises Limited
	Sd/-	Sd/-
	Kamal Agarwal	Kusum Sharma
Date: 04-09-2025	Managing Director	Director
Place: New Delhi	DIN: 02644047	DIN: 09692870