Trio Mercantile & Trading Ltd Management Discussions

1) Financial Performance :- During the year ended on 31st March, 2025 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.

However, government has to seriously improve the scenario by bringing GST rates at reasonable level. Company is doing reasonable good in other sector.

5) 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.

6) 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.

7) 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.

8) Risk & Concern :- As inflation is a challenge RBI is reluctant to decrease interest cost. High input costs is worrisome and its is affecting business prospects of the company.

9) 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 :

10) Details of any change in Return on Networth as compared to the immediately previous financial year along with a detailed explanation thereof.

Annual Net worth of the company / shareholders equity capital