Garodia Chemical Ltd Management Discussions

The company is in the manufacturing business of Chemicals. The Company has suffered heavy losses in the past few years due to hefty competition from China Market and has suspended its manufacturing activities as well. Due to which your Company could not do anything but to wait for the market and other conditions to revive.

Opportunities & Threats:

Due to the heavy competition and hefty losses, the Company has stopped its manufacturing activities and closed its plant as well. The Company is now waiting for an opportunity to make good all the losses and restart its manufacturing activities.

Segment Wise Operational Performance:

This reporting does not apply to the Company since your Company has revenues/losses coming from only one segment. The management of the Company is planning to come out of this situation.

Outlook:

Your Company, keeping pace with the overall market scenario, has grown signi icantly in the past years. However, the inancial performance of the Company has been declining in the past inancial years. The Management expects to improve the growth in the coming years, subject to the favourable market conditions, and stable economic policies.

Risks And Concerns:

All the promises which management is making depends on the strength of the shareholders and the con idence, which they have bestowed on the management. There were many complaints received by us from the shareholders, but the Company has now complied with all the compliances and all complaints of shareholders were solved.

Internal Control Systems and Their Adequacy:

The Company has in place adequate internal control systems covering all its operations. Proper accounting records highlight the economy and ef iciency of operations, safeguarding of assets against unauthorized use or losses, and the reliability of inancial and operational information. Some of the signi icant features of internal control system are: Financial and Commercial functions have been structured to provide adequate support and control the business.

The Risk Management policy has been adopted by the Company.

The Company has an Internal Audit System conducted by the internal auditor of the Company. Standard operating procedures and guidelines are reviewed periodically to ensure adequate control.

Discussion On Financial Performance with Respect to Operational Performance:

The company has incurred huge losses and inancial liabilities, however, is con ident to come out of all the problems and will try to restart its manufacturing activities in the near future.

Human Resources:

Your Company continuously endeavors to improve the work environment for its employees. Competitive compensation package, innovative and challenging environment to work, transportation facilities, etc., are some of the steps taken by the Company for the welfare of its employees.

Discussion On Financial Performance with Respect to Operational Performance: Results Of Operations:

1. Net Revenue from Operations:

(In Rupees)

Particulars	FY 2024-25	FY 2023-24	Change	% of Change
Sale of Products & Other Operating Revenue	Nil	Nil	Nil	Nil

1. Other Income

(In Rupees)

Particulars	FY 2024-25	FY 2023-24	Change	% of Change
Other Income	-	75	Nil	Nil

2. Gross Pro it

(In Rupees)

Particulars	FY 2024-25	FY 2023-24	Change	% of Change
Revenue from Operations	Nil	Nil	Nil	Nil
Less: Cost of Consumption Gross Profit	Nil	Nil	Nil	Nil
Changes in Inventory	Nil	Nil	Nil	Nil

3. Pro it before Tax

(In Rupees)

Particulars	FY 2024-25	FY 2023-24	Change	% of Change
Profit Before Tax	(20,76,622)	(13,10,909)	-	-

4. Total Comprehensive Income (After Taxation)

(In Rupees)

Particulars	FY 2024-25	FY 2023-24	Change	% of Change
Total Comprehensive Income (After Taxation)	(20,76,622	(13,10,909)	-	-

Key Financial Ratios:

Particulars of Ratio	31.03.2025	31.03.2024
1. Debtors Turnover Ratio = Average Accounts Receivable/Net Credit Sales	-	-
2. Inventory Turnover Ratio = Sales/Average Inventory	-	-
3. Interest Coverage Ratio= EBIT/Interest Expense	-	-
4. Current Ratio = Current Assets/Current Liabilities	3.43	067
5. Debt Equity Ratio =Total Liabilities/Total share holders Equity	(1.03)	(1.00)
6. Operating Profit Margin (%)	-	-
7. Net Profit Margin (%) = Net income / sales	-	-

Details pertaining to Net-worth of the Company:

(In Rupees)

Particulars	31.03.2025	31.03.2024
Net-worth	(4,69,71,275)	(4,48,94,653)

Cautionary Statement:

Statements in the Management Discussion & Analysis Report describing the Companys expectations, opinion, and predictions may please be considered as “forward looking statements” only. Actual results could differ from those expressed or implied. Companys operations should be viewed in light of changes in market conditions, prices of raw materials, economic developments in the country and such other factors.

For and on behalf of the Board

For and on behalf of Garodia Chemicals Limited

SD/-

Ravindra Subhash Salunkhe

Chairperson & Managing director

DIN: 06753149

Address: 149/156, Garodia Shopping Centre,

Garodia Nagar, Ghatkopar East, Mumbai,

Maharashtra, India, 400077

Date: September 04, 2025

Place: Mumbai