Annexure 7
Your Directors present before you the Companys Management Discussion and Analysis Report for the year ended on 31.03.2025.
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.
FINANCIAL PERFORMANCE
During the year the company earned other income of Rs. 100.20 lakhs out of which Rs. 46.73 lakhs was on account of sale of flats . The company made a profit of Rs. 8.83 lacs 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 able to make sale of 2 flats due to technical reasons, which has now got resolved .We are hopeful that during 2025-26, we shall be able to sell most of the flats. Also we would be able to take up another block of flats for renovation and try to complete it by the year end.
2)Sale of Land
We were not able to sell any land during the year due to the same being categorized as industrial land by banks.The State Government has recently converted our factory land into residential land and therefore , we shall be able to dispose of a good portion of the land during 2025-26.
INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY
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 Non- Executive Independent Director. The Company has appointed external firms of Chartered Accountants as Internal Auditors.
DEVELOPMENTS IN HUMAN RESOURCES / INDUSTRIAL RELATIONS
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.
FORWARD LOOKING STATEMENT.
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: 14, Minto Road | By order of The Board of Directors | of Triveni Glass Limited |
Prayagraj - 211002(U.P.) | ||
Sd/- | Sd/- | |
J.K. Agrawal | A.K. Dhawan | |
Place: Prayagraj | Managing Director | Director (Finance) |
Date: | DIN: 00452816 | DIN: 00694401 |
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