Tranway21 Technologies Ltd Management Discussions

INDIAN ECONOMIC SCENARIO

India continues to remain one of the fastest-growing major economies and has strengthened its position as a global hub for technology, digital services and IT-enabled business solutions. The continued adoption of digital technologies, cloud computing, artificial intelligence, automation, cybersecurity and data-driven business models has created significant opportunities for the Indian IT and technology services sector.

The Indian IT and technology services industry continues to play an important role in the countrys economic growth, supported by increasing digitalisation across businesses and government institutions, growing demand for technology-enabled solutions and Indias skilled workforce. The IT staffing and technology consulting segments are also witnessing continued demand as organisations increasingly seek specialised talent and technology capabilities to support their digital transformation initiatives.

The outlook for the technology sector remains positive, supported by technological advancements, increasing enterprise technology spending and the growing adoption of digital platforms and solutions.

INDUSTRY STRUCTURE, DEVELOPMENTS AND OUTLOOK

Your Company is engaged in IT Consulting, Software Development Services, Staffing and Recruitment Services for its clients. The Company provides staffing and recruitment solutions across various industry segments, including Telecom, IT, Automobiles, Services, Manufacturing and Engineering, among others. The staffing and recruitment business enables clients to access relevant and specialised talent in line with their workforce requirements and supports them in identifying, evaluating and onboarding suitable professionals for technology and other business roles.

The staffing and recruitment industry is evolving towards a more skills-focused and technology- enabled model. The increasing adoption of Artificial Intelligence, cloud computing, cybersecurity, data analytics, automation and other emerging technologies is creating demand for specialised professionals with relevant technical and domain capabilities. At the same time, organisations are increasingly seeking flexible workforce solutions and access to specialised talent to support their changing business requirements. These developments provide

opportunities for the Company to strengthen its staffing and recruitment services and cater to the evolving talent requirements of its clients.

The Companys Quality Assurance Engineering services provide support across industries through a range of services covering hardware, software, testing infrastructure and testing products. The Company also provides SAP Solutions encompassing a broad spectrum of consulting, implementation and support services relating to cloud-based and on-premise implementations, thereby assisting clients in supporting, maintaining and managing their technology environments.

During the financial year 2025-26, the Company continued to focus on strengthening its service capabilities, expanding its customer base and responding to changing requirements in the IT services, staffing and recruitment markets. The Company seeks to leverage emerging technologies and evolving digital requirements to provide competitive and value-added solutions to its clients.

The Company remains focused on expanding and diversifying its business activities, strengthening existing client relationships, enhancing its staffing and recruitment capabilities and developing multiple revenue streams. The Company believes that these initiatives will support sustainable business growth and create long-term value for its stakeholders.

OPPORTUNITIES, THREATS AND CHALLENGES

The continuing digitalisation of businesses and the increasing adoption of technology across industries provide significant opportunities for the Company. Organisations are increasingly investing in digital platforms, technology infrastructure, cloud solutions, cybersecurity, automation and specialised technology talent to enhance operational efficiency and address evolving business requirements.

The Company continues to explore opportunities arising from changing customer requirements and the increasing demand for specialised IT consulting, software development, staffing, recruitment and technology support services. The current hiring environment is increasingly skills-focused, with employers giving greater preference to specialised technology capabilities, AI readiness and candidates who can adapt to changing business requirements. This provides opportunities for the Company to strengthen its staffing and recruitment capabilities and provide clients with faster access to specialised and future-ready talent.

At the same time, the industry remains highly competitive and is subject to rapid technological changes. The Company is required to continuously enhance its service capabilities, retain skilled professionals and adapt to changing market and customer requirements. The Company remains

focused on strengthening its technology capabilities, operational efficiency and service offerings to effectively address these challenges.

RISKS AND CONCERNS OVER THE BUSINESS OF THE COMPANY

The Companys business and profitability may be affected by competition from existing and prospective service providers operating in the IT consulting, software development and staffing segments.

The Company may also be exposed to risks arising from changes in market conditions, technological developments, pricing pressures, employee costs, availability of skilled candidates, employee attrition, changing compensation expectations, recruitment turnaround requirements, regulatory requirements and changes in Government policies and applicable laws.

The IT services industry is characterised by intense competition, rapid technological developments and changing customer expectations. Increased competition may result in pricing pressure, vendor consolidation and higher costs of acquiring and retaining customers and skilled professionals, which may impact the Companys growth and profitability.

The Company continuously monitors these risks and seeks to mitigate them through diversification of services, strengthening customer relationships, improving operational efficiencies, developing its human resources and maintaining appropriate internal processes and controls.

INTERNAL CONTROL SYSTEM AND PLANNING

The Company maintains adequate internal control systems commensurate with the size, scale and complexity of its operations. These controls are designed to provide reasonable assurance regarding the accuracy and reliability of financial reporting, safeguarding of assets, recording of transactions, prevention and detection of fraud and errors, operational efficiency and compliance with applicable laws and regulations.

The internal control framework is periodically reviewed by the management to ensure that it remains appropriate and effective in view of the Companys evolving business requirements.

The adequacy of the Companys internal financial controls and related matters has been considered and reported upon by the Statutory Auditors, as applicable, in their report forming part of the Annual Report.

MATERIAL DEVELOPMENTS IN HUMAN RESOURCES / INDUSTRIAL RELATIONS

Human resources continue to remain one of the key assets of the Company. The Company continues to focus on attracting, developing and retaining skilled and competent professionals to support its business objectives and future growth.

The Company endeavours to provide its employees with a professional, inclusive and stimulating work environment that encourages learning, innovation and professional development. Training and development initiatives are undertaken to enhance the technical, functional and managerial capabilities of employees and to enable them to respond effectively to changing business and technological requirements.

The Company continues to maintain cordial and healthy relations with its workforce. The management remains committed to employee engagement, productivity, quality and professional development.

During the financial year 2025-26, industrial relations remained stable, harmonious and cordial, with continued focus on improving productivity and quality.

FINANCIAL PERFORMANCE

The financial performance of the Company for the financial year ended 31 March 2026 is reflected in the financial statements forming part of this Annual Report.

The Companys performance during the year should be read in conjunction with the Audited Financial Statements, notes thereto and the relevant disclosures contained in the Annual Report.

KEY FINANCIAL RATIOS

The key financial ratios of the Company, together with the comparative figures and explanations for significant changes, wherever applicable, are provided in the relevant section of the Annual Report and/or the financial statements forming part thereof.

CAUTIONARY STATEMENT

Statements made in this Management Discussion and Analysis Report describing the Companys objectives, expectations, estimates, projections and outlook may constitute forward-looking statements within the meaning of applicable laws and regulations.

These statements are based on certain assumptions, expectations and estimates concerning the Companys business, the industry and the economic environment in which it operates. Actual results may differ materially from those expressed or implied due to various factors, including changes in economic conditions, market dynamics, competition, technology, Government policies, regulatory requirements and other risks and uncertainties.

The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information or otherwise, except as may be required under applicable laws and regulations.

	For and on behalf of
	Tranway21 Technologies Limited
	Sd/-
	Kalavathy Bylappa
	Chairman and Managing Director
	DIN:03550060
Date: 07-09-2026
Place: Bangalore