Swadeshi Polytex Ltd Management Discussions

ANNEXURE-F

Pursuant to Regulation 34(3) and Para B of Schedule V of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and the amendments thereof, details of the Management discussion and analysis are given below: ECONOMIC REVIEW

Indian Economic Scenario

The Indian economy continued to demonstrate resilient performance amid global uncertainties. The Reserve Bank of India (RBI) projects India to remain one of the fastest-growing major economies in FY 2024-25, driven by robust macroeconomic fundamentals and sustained domestic demand.

Industry Review

The Indian real estate sector has experienced significant growth, driven by rising demand in both office and residential segments. Various initiatives by the Central and State Governments have further supported development in the sector.

The commercial real estate segment maintained strong performance and momentum during the financial year despite macroeconomic challenges. The office space segment showed resilience, with a gradual recovery and improvement in occupancy levels, supported by return-to-office policies. Meanwhile, the retail segment recorded robust growth, fueled by increased consumer spending and higher footfalls.

OPPORTUNITIES, THREATS, RISK AND CONCERNS

As India anticipates the acceleration of policy reforms, the Company remains optimistic about sustained demand for real estate in the medium to long term. The Companys strategically located projects, robust balance sheet, and consistent financial performance even during challenging times position it as a preferred choice among customers and shareholders alike.

BUSINESS OUTLOOK AND OVERVIEW

The Company entered the real estate sector in 2011 and is currently in the process of selling its real estate assets. The proceeds from these sales are intended to be utilized for exploring opportunities in high-growth areas and new industries, in line with the Companys strategic diversification and expansion plans.

MATERIAL DEVELOPMENT IN HUMAN RESOURCES/INDUSTRIAL RELATIONS FRONT

The Human Resources (HR) function plays a key role in aligning human capital development with the Companys strategic objectives. As the Company evaluates and finalizes its future focus areas, it plans to build its human resources accordingly. Industrial relations remain cordial, with no active workforce currently employed due to the cessation of production activities.

INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has established a robust and adequate internal control system to safeguard its assets and ensure protection against any potential losses. All transactions are duly authorized and accurately recorded. The internal controls also ensure that information provided to management is reliable and timely, and that the Company remains fully compliant with all applicable statutory requirements.

The Company has an effective internal financial control system in place, appropriate to its size and business operations. This system ensures accurate and timely financial reporting in line with applicable accounting standards, safeguards assets from unauthorized use or disposal, and ensures compliance with all relevant regulatory laws and Company policies.

Internal Auditors regularly assess the effectiveness of these controls, and recommended improvements are implemented as needed. The Audit Committee of the Board also reviews internal audit reports to ensure continued robustness of the control framework.

FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE AND SEGMENT– WISE OR PRODUCT-WISE PERFORMANCE

The Company has only one segment i.e., Real Estate. The Companys revenue from operations decreased to Rs. 40 Lakhs for the financial year 2024-25, as compared to Rs. 9,925.65 Lakhs in the previous year.

The Company continued its focus on core business activity in Real Estate. The key revenue streams for the Company include sale of lease plot land. The Company continues to maintain its conservative financial profile and funds its requirements largely through internal cash generation.

CAUTIONARY STATEMENT

Statements in the Managements Discussion and analysis report describing the Companys objectives, estimates, expectations or predictions may be ‘forward-looking statements within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that would make a difference to the Companys operations include demand supply conditions, change in Government regulations, tax regimes, economic developments within the country and other statutes and incidental factors.

	By order of the Board
	For Swadeshi Polytex Limited
	Sd/-	Sd/-
	(Hartaj Sewa Singh)	(Gaurav Lodha)
Place: Ghaziabad	Director	Director
Date: 23rd May, 2025	(DIN: 00173286)	(DIN: 03414211)