Turner Industries Ltd Management Discussions

SHAREHOLDERS:

a. Means of Communication :

(i) The Quarterly Un-Audited (Provisional) Results and the Annual Audited Financial results of the company are sent to the stock exchanges immediately after they are approved by the Board and are also published in one vernacular news paper viz.makkal Kural and one English news paper viz.Trinity Mirror Also they are uploaded on the companys website.

The results are published in accordance with the guidelines of the Stock Exchanges.

(ii) In line with the existing provisions of the Listing Agreement, the Company has created a separate e-mail address viz.laserdiamonds@yahoo.co.in to receive complaints and grievances of the investors.

b. Share Transfers Agents:

M/S. CAMEO CORPORATE SERVICES LIMITED

Subramanian Building No.1, Club House Road, 5th floor, Chennai 600 002.

c. Share Transfer System:

All physical share transfers are effected within 15days of lodgment, subject to the documents being in order. The Board has delegated the authority for approval of transfer, transmission etc. to a committee comprising of two Non Executive Directors and one executive director. A summary of transfer/transmission of shares so approved by the committee is placed before the Board.

d. Postal Ballot:

During the year under review, there were no resolution passed through postal ballot.

Additional shareholders information :

a) Annual General Meeting Date : 30th September 2025

Venue: "City Centre, Old No.186 New No. 232, Purasawalkam High Road, B-28, Basement, Kilpauk, Chennai - 600 010.

Time : 11.30 a.m thru AV/OVCM

b) Financial Calendar

Financial Year: April 01 to March 31 for the financial year 2024-25, the tentative dates for declaration of Quarterly unaudited results will be by June 2025, September 2025, December 2025 and March 2026

c) Book Closure:

The register of members and share transfer books of the company shall remain closed from 24th September 2025 to 30th September 2025 (both days inclusive) (both days inclusive).

d) Dividend Payment Date:

As there is no declaration of dividend, dividend payment date does not arise.

e) Listing in stock exchanges and stock codes

The names of stock exchanges at which the equity shares are listed and respective stock codes are as under:

BSE Limited (Stock Code No.531164)

The ISIN number allotted to the company for demat of shares are as under.

NSDL: INE995E01015

F)Stock data:

High/Low of Market price of Companys equity shares traded on the Stock Exchanges, during the financial year ended on March 31,2025 was as follows:

BSE Limited
Month	High	Low
April 2024	0.63	0.54
May 2024	0.63	0.60
June 2024	0.63	0.60
July 2024	0.63	0.60
August 2024	0.63	0.60
September 2024	0.63	0.60
October 2024	0.63	0.60
November 2024	0.63	0.60
December 2024	0.63	0.60
January 2025	0.63	0.60
February 2025	0.63	0.60
March 2025	0.63	0.60

g) Outstanding GDRs/ADRs/Warrants/Convertible instruments and their impact on equity. NIL

h) Plant Location NIL

i) Address for correspondence

City Centre, B-28, Basement, Door No. 232 (Old No. 186), Purasawalkam High Road, Kilpauk, Chennai 600 010.

j) Shares held in electronic form

Shareholders holding shares in the electronic form may give instruction regarding bank details, which they wish to incorporate on their dividend warrants to their depository participants. As per the regulations of NSDL and CDSL the company is required to print the bank details on the dividend warrants, as furnished by these depositories to the Company.

4. Disclosures:

The company has not entered into any transaction of a material nature with the Promoters, the Directors or the Management, their relatives etc. that may have any potential conflict with the interests of the company.

The company has complied with the requirements of the stock exchanges, SEBI and other statutory authorities on all matters related to capital markets during the last three years. There were no penalties imposed nor any strictures issued on the Company by the Stock Exchanges, SEBI or any other statutory authority relating to the above

MANAGEMENTSDISCUSSIONANDANALYSIS

1. OVERALL REVIEW & INDUSTRY OUT LOOK

The industry has been in the developing stage due to the post pandemic and the Development of Asian and domestic market in the last of couple of years has changed the dynamic and Asian markets contribution are more in the global market. The overall review of the Trading of Diamonds are well fetched globally. The trend of export of Diamonds is expected to continue

2. OPPORTUNITIES

The Development of Asian and Domestic market, the trading activities for the cut and polished diamondsaremoreprofitableandpresentlythecompanyisconcentratingontradingandexportingofcut and polished Diamonds only

3. RISK MANAGEMENT

Risk evaluation and management is an on going process in the company

4. INTERNAL CONTROL SYSTEMS AND ADEQUACY

The Company has adequate internal control mechanism commensurating with the size of operations of the company. The management continuously reviews the internal control system and procedures. Critical review is also done to reduce non value added paper work.

5. HUMAN RESOURCE AND INDUSTRIAL RELATIONS

Your company continues to have cordial relations with its employees.

6. CAUTIONARY STATEMENT

Certain statements in this report on "Managements Discussion and Analysis "are forward looking statements and which have been issued as required by applicable Securities Laws and regulations. There are several factors