1) Financial Performance:- During the year ended on 31st March, 2026 companys performance was challenging and turnovers was down when compared to previous year. Company is facing serious market problem as downward trend in business still persists.
2) Material Developments in Human Resources:- Human Resources are facing new technology challenges day by day. All repetitive works is being replaced by Machine technology. Artificial Intelligence has totally shaken many industries and industry will witness more such dynamics in days to come. Now everyone has to upgrade themselves by more studies and trainings.
3) Industry Structure & Redevelopment:- Market is witnessing new business challenges in many sectors of industries. New onslaught by technology is making traditional business difficult to survive. New competition and dynamism is forcing old players out of market. Daily improvements and up gradation has become need of the hour.
4) Segment wise performance:- Company is in trading sector and in investment business. Company continues to face tough competition from unorganized sector in trading business. The main reason is high cost of GST rates which has put organized sector in deep trouble unorganized sector.
5) However, government has to seriously improve the scenario by bringing GST rates at reasonable level. Company is doing reasonable good in other sector.
6) Opportunity & Threats:- Country faced huge challenges due to disturbances at borders. Government spending on defense sector will increase. Inflation is also rising. The world is facing war threats. The situation remains challenging.
7) Further outlook:- World is facing new challenges from New Geo Political reasons are emerging and there is hope that peace will be restored. Economic conditions are depending on world politics. US is putting tariff and new economic war has been forced on the country. Self Reliance has become very important tool for any country nowadays.
8) Internal Control Systems and their adequacy:- Company is having adequate internal control systems. Audit committee also monitors internal control systems periodically. Board is also ensuring proper internal control systems from time to time.
9) Risk & Concern:- As inflation is a challenge RBI is reluctant to decrease interest cost. High input costs is worrisome and it is affecting business prospects of the company. 10) Details of significant changes (i.e. change of 25% or more as compared to the immediately previous year financial year) in key financial ratios, along with detailed explanations therefore, including
| Particulars | 2025-26 | 2024-24 | % Variance | Reason of Variance |
| Current Ratio | 2.53 | 1.93 | 31% | The increase in the Current Ratio is primarily attributable to a significant increase in current loans and advances, coupled with a reduction in current liabilities, resulting in an improvement in the Companys short-term liquidity position. |
| Debt- Equity Ratio | 0.06 | 0.00 | 1193% | The increase in the Debt-Equity Ratio is mainly on account of higher non-current borrowings during the year, while the equity base remained substantially unchanged. |
| Debt Service Coverage Ratio | 2.20 | -4.67 | -147% | The Debt Service Coverage Ratio improved primarily due to improvement in operating profitability during the year, despite higher finance costs, resulting in positive debt servicing capacity as compared to the previous year. |
| Return on Equity Ratio | (0.002) | (0.002) | -1% | There is no significant variation in the Return on Equity Ratio as the Company continued to report losses during both the current and previous financial years. |
| Inventory turnover ratio | 10.60 | 6.65 | 60% | The increase in the Inventory Turnover Ratio is mainly attributable to higher revenue from operations and purchases during the year, leading to improved inventory utilisation. |
| Trade receivables turnover ratio | N/A | N/A | N/A | Not Applicable, as the Company did not have any trade receivables during the reporting periods. |
| Trade payables turnover ratio | 11.15 | N/A | 100% | The ratio is reported for the current year due to recognition of trade payables during the year, whereas no trade payables existed in the previous year; accordingly, comparison is not meaningful. |
| Net capital turnover ratio | 0.454 | 0.486 | -6% | There is no material variation in the ratio. The marginal decline is attributable to changes in revenue from operations and working capital during the year. |
| Net profit ratio | -2% | -3% | -41% | The improvement in the Net Profit Ratio is primarily attributable to higher operating income and improved operating performance during the year, although the Company continued to incur a net loss. |
| Return on Capital employed | 0.50% | -0.19% | -369% | The improvement in Return on Capital Employed is mainly due to positive earnings before interest and tax during the current year as against negative EBIT in the previous year. |
| Return on investment | N/A | N/A | N/A | Not Applicable, as the Company did not have income-generating investments requiring disclosure of this ratio. |
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