Toyam Sports Ltd Management Discussions

Your directors have pleasure in presenting the management discussion and analysis report for the year ended on March 31, 2023. The Management Discussion and Analysis have been included in consonance with the Code of Corporate Governance as approved by The Securities and Exchange Board of India (SEBI). Investors are cautioned that these discussions contain certain forward-looking statements that involve risk and uncertainties including those risks which are inherent in the Companys growth and strategy. The company undertakes no obligation to publicly update or revise any of the opinions or forward-looking statements expressed in this report consequent to new information or developments, events or otherwise. 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 vary due to future economic and other future developments in the country.

COMPANY OVERVIEW

The Company operates in reportable segments i.e., Finance & Event Business. The business Segments has been identified as separate segment in accordance with Accounting Standard 17 ‘Segment Reporting. The financial statements have been prepared in compliance with the requirements of the Companies Act, 2013, guidelines issued by the Securities and Exchange Board of India (SEBI) and Generally Accepted Accounting Principles (GAAP) in India.

FINANCIAL PERFORMANCE:

The highlight of the financial performance of the Company during the year ended 31^st March, 2023 have been stated in the Directors Report for the year ended 31^st March, 2023. Which appear separately in the Annual Report. The brief details of the performance of the Company during the year under consideration are given as under; Capital Structure: During the year, there has been change in the capital structure of the Company and the paid-up share capital was Rs. 42,60,15,000/- as on 31^st March, 2023.

Standalone Financials

Revenues from operation increased from Rs. 243.15 lakhs to Rs. 339.16 lakhs and profit before interest, tax and depreciation increased from Rs. 107.64 lakhs to loss of Rs. 1222.03 lakhs.

Consolidated financials

Revenues from operation was Rs. 339.16 lakhs in FY 2022-23.

Loss after interest, tax and depreciation is Rs. 1222.22 lakhs in FY 2022-23.

OPPOURTUNITIES & THREATS

The growth of the Company is subject to opportunities and threats as are applicable to the industry from time to time. The Company has risk management policy in place for risk assessment and treatment of the same. The company does not foresee any major threats to its growth and market share in the coming years.

The existing capacity should take care of the companys requirement.

RISK & CONCERN

The Company is mainly exposed to market risk (including liquidity risk), interest risk and credit risk. While risk is an inherent aspect of any business, the Company is conscious of the need to have an effective monitoring mechanism and has put in place appropriate measures for its mitigation including business portfolio risk, financial risk, legal risk and internal process risk.

INTERNAL CONTROL SYSTEM

The Company has a sound internal control system. All transactions are subject to proper scrutiny.

The Management takes immediate corrective action wherever it is being pointed out to help streamline the internal control processes.

HUMAN RESOURCE DEVELOPMENT:

TOYAM has a formulated uniform HR Policies for all employees/workers to define the HR Functions and to Make TOYAM such a place or institution where the people working has defined role and responsibilities with a sense of belongingness among them. During the year under consideration, HR function implemented various initiative to support during the year under consideration, several initiatives through training and motivational programmes were taken to improve employees knowledge, skills and effectiveness to improve productivity and to establish better interest relations among themselves. The relationship with rthe employees has been cordial and they have extended their support to the financial performance of the Company.

CAUTIONARY STATEMENT

Statement made herein describing the Companys expectations is "forward looking statement." The actual results may differ from those expected or predicted since the Companys operations are influenced by many external factors which are beyond the control of the Company. Prime factors that may make difference to the Companys performance include market conditions, economic conditions, Government regulations and Tax Laws, Political situation etc over which the Company does not have any direct control.

DISCLOSURES

During the year the Company has not entered into any transaction of material nature with its promoters, the directors or the management, their subsidiaries or relatives etc, if any, that may have potential conflict with the interest of the Company at large. All details of transaction covered under related party transaction are given in the notes to account.

For and On Behalf of the Board of Directors of Toyam Sports Limited

(Formerly known as Toyam Industries Limited)

Sd/-

Mohamed Ali Rajabali Budhwani Chairman cum Managing Director

(DIN: 01976253)

Date: 05/09/2023

Place: Mumbai