iifl-logo-icon 1

Triveni Glass Ltd Management Discussions

Jul 18, 2024|03:40:00 PM

Triveni Glass Ltd Share Price Management Discussions

Annexure -10

Your Directors present before you the Companys Management Discussion and Analysis Report for the year ended on 31.03.2023.

The management of the company is presenting herein the overview, opportunities and threats, initiatives by the company and overall strategy of the company and its outlook for the future. This outlook is based on managements own assessment and it may differ materially from those expressed or impaired depending upon global and Indian demand- supply conditions, changes in government regulations, tax regimes and economic developments within India and overseas. The Covid-19 pandemic did not have any material impact on the Company, as all the manufacturing units of the Company i.e. Rajahmundry were sold to Triveni Pattern Glass Private Limited on 23.02.2020 with the approval of the shareholders on 19.05.2019. The sale of Allahabad (Prayagraj) Closed unit (since 2006) was also approved by the shareholders on 22.03.2020.


During the year the company earned other income of Rs. 4.44 Crores out of which Rs. 3.85 Crores was on account of sale of land and balance is other income. The company made a profit of Rs. 1.67 Crores during the year.

As already mentioned earlier the company has taken up the following two activities:-

1) Refurnishing & Renovation of Officer Flats:-

During the year the second building got completed but we were not able to make any fresh sale of flats due to technical reasons, which are now getting resolved and we are hopeful that during 202324 we shall be able to sell most of the flats. Also we would be able to take up another block for renovation and try to complete it by the year end.

2) Sale of Land

We were able to find buyers for 7 acres of land out of which about 3.90 acres were got registered and payment received. We are hopeful that during 2023-24 we would be able to sell a good part of our land bank, as the issues being faced for slow sale of land will get resolved


The company has a proper and adequate system of internal controls commensurate with its size to ensure that all assets are safeguarded and protected against loss from unauthorized use or disposition and the transactions are authorized, recorded and reported correctly. Proper controls and checks are exercised by the company by following the procedures prescribed in the various manuals. The Audit Committee of the Board reviews Internal Control Systems of the company on periodical basis and is headed by a NonExecutive Independent Director. The Company has appointed external firms of Chartered Accountants as Internal Auditors.


Your company recognizes the value of human resource, and therefore, the human resource policies are framed in such manner that they not only aim at achieving the organizational goal but also recognize, appreciate and develop the individual interest of the employees. The Human Resource Development policies of the company are so framed that it is in the best interest of the organization as well that of as employees of the company.


The Company is focused to create business values for its customers. Statement in this report, particularly those which relate to Management Discussion and Analysis, describing the companys future plans, objectives, projections, estimates and expectations may constitute "forward looking statements" within the meaning of applicable laws and regulations. Actual results might vary materially from those either expressed or implied.

Regd. Off: 1, Kanpur Road

By order of The Board of Directors of Triveni Glass Limited

Prayagraj -211001 (U.P.) Sd/- Sd/-
J.K. Agrawal A.K. Dhawan
Place: Prayagraj Managing Director Director (Finance)
Date: 24-07-2023 DIN: 00452816 DIN: 00694401

Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.