Tatia Global Venture Ltd Management Discussions

Annexure-A

Tatia Global Vennture Limited was originally incorporated under the name and style as Tatia Intimate Exports Ltd in the year 1994-95. The Companys primary business objectives are in the textile segment as well as in the infrastructure related projects and ventures. The Companys business is positioned both in organic and inorganic growth models. While the primary business objective of the Company has been heavily relied upon, the Company wants to strengthen its base through various projects and ventures, and a major diversification the Company has successfully acquired and holds a tranche of land banks through its wholly owned subsidiaries.

1. OPPORTUNITIES, THREATS, RISKS, CONCERNS AND OUTLOOK

The Companys business, results of operations and financial condition are affected by several risks, so the risk management function is of paramount importance and integral to the functioning of the Company. The objective of the risk management strategy includes ensuring that critical risks are identified, monitored and managed effectively to protect the Companys business.

There exist abundant opportunities for growth. However, slowdown in market activity and cut-throat competition coupled with changes in the policies of the government are areas of concern. However, with the experience and expertise of the Management, the Company would withstand competition and convert threats into opportunities.

The COVID-19 pandemic is considered as the most crucial global health calamity of the 21^st century, and the greatest challenge being faced by humankind. It has rapidly spread around the world, posing enormous health, economic, environmental and social challenges to the entire human population. In view of the adverse developments of COVID-19, the Companys business has also been hit hard.

2. SEGMENT WISE/PRODUCT WISE PERFORMANCE

The Company currently has only one segment in line with the Accounting Standard on Segment Reporting (AS-17). Segment information has been prepared in conformity with the accounting policies adopted for preparing and presenting the financial statements of the Company.

3. INTERNAL CONTROL SYSTEM AND ADEQUACY

The Company has an adequate system of internal control in place. This ensures that assets are safeguarded, and all transactions are authorized, recorded and correctly reported. The internal audit function is empowered to examine the adequacy, relevance and effective control system and compliance with policies, plans and statutory requirements. The top Management and the Audit Committee of the Board review the findings and recommend improvements to the Board.

4. FINANCIAL PERFORMANCE

Since the global pandemic situation has ceased to slow down, we are confident and look forward to the fact that in the financial year 2023-24, we will be able to again see a healthy revival and growth in the turnover. Further, the Company has planned to diversify itself into the field of commodity-trading and expand the business into various types of goods as per the Altered Object Clause of the MOA. The financial performance of the Company has been given in detail separately in the Boards Report.

5. MATERIAL DEVELOPMENTS IN HUMAN RESOURCE

The Company has continuously adopted structures that help attract best external talent and promote internal talent to higher roles and responsibilities Your Company attaches significant importance to continuous upgradation of human resource to achieve a higher level of efficiency for customer satisfaction and growth.

6. CAUTIONARY STATEMENT

This report contains forward looking statements, which may be identified by their use of words like ‘plans, expects, will, anticipates, believes, intends, projects, estimates, or other words of similar meaning. All statements that address expectations or projections about the future, including, but not limited to statements about the Companys strategy for growth, product development, market position, expenditures and financial results are forward- looking statements. Forward-looking statements are based on certain assumptions and expectations of future events. The Company cannot guarantee that these assumptions and expectations are accurate or will be realized. The Companys actual results, performance or achievements could differ materially from those projected in any such forward-looking statement. The Company assumes no responsibility to publicly amend, modify or revise any forward-looking statements, based on any subsequent developments, information or events.

7. KEY FINANCIAL RATIOS

Details of significant changes (i.e. change of 25% or more as compared to the immediately previous financial year) in key financial ratios, along with detailed explanations are included in the Standalone Financial Statements at Note No. 24.

	On behalf of the Board of Directors
	For Tatia Global Vennture Limited
	Sd/-
Place: Chennai	S.P. Bharat Jain Tatia
Date: 30.08.2024	Chairman and Managing Director
	DIN: 00800056