Unishire Urban Infra Ltd Management Discussions

The purpose of this discussion to provide an understanding of financial statements and a composite summary of performance of our business. :

Management Discussion and Analysis (DA) includes ; Indian Economy Overview Construction Industry Overview Business Overview Business Outlook Financial Resources

Significant developments. subsequent to the last financial year Financial And Operational Performance Internal-Control Systems and adequacy Material Development. in Human Resources Opportunities And Threats Risks and Concerns. -: " /

Discussion On Financial Performance With Respect To Operational Performance Cautionary Statement Indian Economy

Overview:

Our Company Ratna Kamal Holdings Ltd. which was originally incorporated on Twenty Third day of April Nineteen Hundred Ninety-One under the Companies Act, 1956 (No. 1 of 1956) the name of our company Changed to Unishire Urban Infra Limited and this Certificate is issued pursuant to Section 23(1) of the said Act. Given at Kolkata this Twenty Eighth day of October Two Thousand Thirteen. The Corporate Identification Number (CIN) of the Company is L65929WB1941PLC010731. The Authorized Capital of the Company is Rs. 25,00,00,000/- (Rupees Twenty Five Crore only) and Paid-up Capital is Rs. 24,35,85,000/- (Rupees Twenty Four Crore Thirty Five Lakh Eighty Five Thousand only).

Construction Industry Overview

The Construction Industry in India plays a vital role in economic activity after agriculture and: provides employment: to large amount of people. Broadly, construction can be classified into two segments infrastructure and real estate. The infrastructure segment involves construction projects in different sectors - ‘like roads, rails, ports, irrigation, power, etc. Investment in the infrastructure sector plays a crucial role in the growth of the economy of the country development of infrastructure in the country mainly depends upon the spending by GOI in various sub segments of infrastructure.

Business Overview:

Our Company deals with and invest the surplus funds of the Company or in its custody in such manner and in such securities as shall from time to time be thought necessary for the benefit of the Company.

Significant developments subsequent to the last financial year:

After the date of last financial year, i.e. March 31, 2025, the Directors of our Company confirm that, there have not been any significant material developments.

Key factors affecting the Results of Operations:

Our Companys future results of operations could be affected potentially by the following factors:

? Political condition: In case of political instability, government could change the spending pattern on infrastructure. This change in policy framework can affect our business.

? Stringent condition of our contract: Most of our contracts are time bound as well as put a condition of meeting the minimum standard requirement of such ‘construction. Contract may stipulate Penalty condition for non-closure of our project in time. This non completion of project in time could affects our financials. We are subject to blacklisting by the authority for non-full-filing our Commitment.

? Our ability to attract ‘and retain skilled and technical staff: Skilled-and Technical Staffs are required by us for all our projects. We take up various projects based on availability of right mix of man power. Thus our growth is likely to be affected by our ability to attract and retain: skilled and technical manpower.

? Effect of Inflation: We are affected by inflation as it has an impact on the operating cost, staff costs etc. In line with changing inflation rates, we rework our margins so as to absorb the inflationary impact.

Outlook

Your Company believes that by pursuing Innovative business modes, the businesses can be transformed to create sustainable benefits for all and long term value for our stakeholders. The winds of change are now blowing more perceptibly. Inflation, including the house price component, has now been reduced to the lowest level in recallable history. Property buyers are back in force in most cities as enquiries have rebounded, and developers are coming in with the kind of supply that is relevant to demand. We executed transactions with transparency imbibing knowledge keeping our commitment by building partnerships with our clients and that synchronizes our work with our core values. Our approach is object oriented and therefore, we work with core purposes of providing solutions

Risks and Concerns

As an enterprise with presence in different segments of infrastructure industry as well as dealing in investment segments and considering the high levels of economic volatility currently witnessed in the global markets, the Company is exposed to a number of risks that impact our businesses in varying measures. While the management of the company is positive about companys long term outlook, It is imperative to identify and address these risks and at the same time leverage opportunities for achieving the set objectives. The Companys risk management framework is in line with the current best practices and effectively addresses the emerging challenges in a dynamic business environment.

Internal Control Systems and Adequacy

The Company has implemented a comprehensive system of internal controls and risk management systems for achieving operational efficiency, optimal utilization of resources, credible financial reporting and compliance with local laws. The Company continuously upgrades these systems in line with best accounting practices. The Audit Committee of the Board of Directors reviews the effectiveness of internal controls and suggests improvements for strengthening them whenever required. These controls are regularly reviewed by both internal and external agencies for its efficiency and effectiveness. Management information and reporting system for key operational activities form part of overall control mechanism.

Cautionary Statement

Certain statements under "Management Discussion & Analysis" describing the Companys objectives, projections, estimates, expectations or predictions may be forward looking statement within the meaning of applicable securities laws and regulations. Although the expectations are based on reasonable assumptions, the actual results could materially differ from those expressed or implied, since the Companys operations are influenced by many external and internal factors beyond the control of the Company. The Company assumes no responsibility to publicly amend, modify or revise any forward looking statements, on the basis of any subsequent developments, information or events.

Material developments in human resources/industrial relations front, including number of people employed.

Human Resource is a function in organizations designed to maximize employee performance in service of their employers strategic objectives. The Company recognizes that its success is deeply embedded in the success of its human capital. This year the focus largely remained on strategic hiring, capability building through developmental programs and providing talent with an environment that fosters continuous learning, recognition, innovation, leadership development and employee well-being. The human resources function is the prime custodian of the culture at your Company.

By Order of the Board of Directors For Unishire Urban Infra Limited

Sd/-	Sd/-
Chirag	HARISH
Managing Director	Director
DIN: 10728185	DIN: 10871534
Add: Choth Pana, Silana, (5-R)	Add: Dubaldhan,
Ghikan, Sonipat, Haryana, 131408	Jhajjar,
Haryana 124202