Univa Foods Ltd Management Discussions

ANNEXURE-VII

For the Financial Year ended 31st March, 2026

Y our Directors present the Management Discussion and Analysis Report for the financial year ended March 31, 2026, pursuant to Regulation 34(2)(e) read with Schedule V of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

(a) INDUSTRY STRUCTURE AND DEVELOPMENTS

The food products and distribution sector in India continues to evolve with changing consumer preferences, increasing urbanisation, growth in organised retail and digital commerce, and improving supply chain infrastructure. The sector offers opportunities for businesses engaged in food products, trading and distribution activities, supported by growing consumer demand and an expanding domestic market.

The Company continues to evaluate business opportunities within its permitted objects and remains focused on strengthening its operations in a prudent and sustainable manner.

(b) OPPORTUNITIES AND THREATS OPPORTUNITIES

• Growing demand for food and consumer products.

• Expansion of organised retail and digital distribution channels.

• Opportunities for expansion into new products and markets.

• Increasing consumer preference for branded and quality products.

• Improvement in logistics and distribution infrastructure.

THREATS

• Intense competition from organised and unorganised market participants.

• Fluctuation in input and operating costs.

• Changes in consumer preferences.

• Regulatory and compliance requirements.

• General economic and market uncertainties.

(c) SEGMENT-WISE / PRODUCT-WISE PERFORMANCE

The Company operates in a single business segment. Accordingly, separate segment-wise reporting is not applicable during the financial year under review.

During the financial year 2025-26, the Company recorded revenue from operations of Rs. 15.00 lakhs as against Nil in the previous financial year.

(d) OUTLOOK

The Company remains focused on improving operational efficiency, strengthening its financial position and exploring suitable business opportunities for sustainable growth. The management will continue to adopt a prudent approach towards business expansion, cost management and deployment of resources.

The Company remains cautiously optimistic about its future prospects and will continue to evaluate opportunities that are aligned with its business objectives and long-term interests of stakeholders.

(e) RISKS AND CONCERNS

The Companys operations are subject to various risks, including market risk, competition, changes in consumer demand, regulatory and compliance risk, operational risk and general economic uncertainties.

The management periodically reviews the risks associated with the business and takes appropriate measures to mitigate such risks to the extent possible.

(f) INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has adequate internal control systems commensurate with the size, nature and complexity of its operations. The internal control framework is designed to ensure safeguarding of assets, accuracy and reliability of accounting records, compliance with applicable laws and regulations and timely preparation of financial information.

The adequacy and effectiveness of the internal control systems are periodically reviewed and necessary corrective measures are taken wherever required.

(g) DISCUSSION ON FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE

During the financial year 2025-26, the Company recorded revenue from operations of Rs. 15.00 lakhs as compared to Nil in the previous financial year. Total expenditure during the year stood at Rs. 27.88 lakhs as compared to Rs. 22.84 lakhs in the previous financial year.

The Company reported a net loss of Rs. 12.86 lakhs for the financial year 2025-26 as compared to a net loss of Rs. 20.84 lakhs in the previous financial year. The Company continues to focus on improving operational efficiency, strengthening its financial position and exploring suitable business opportunities.

(h) MATERIAL DEVELOPMENTS IN HUMAN RESOURCES / INDUSTRIAL RELATIONS

Human resources continue to be an important part of the Companys operations. The Company endeavors to maintain a professional and conducive work environment and encourages integrity, responsibility and effective performance.

Industrial relations remained cordial during the financial year under review. The Company had one permanent employee as on March 31, 2026.

CAUTIONARY STATEMENT

Statements made in this Management Discussion and Analysis Report describing the Companys objectives, expectations, estimates or projections may constitute forward-looking statements within the meaning of applicable laws and regulations. Actual results may differ materially from those expressed or implied due to economic conditions, market developments, regulatory changes and other factors beyond the control of the Company.

I. DETAILS OF SIGNIFICANT CHANGES (I.E. CHANGE OF 25% OR MORE AS COMPARED TO THE IMMEDIATELY PREVIOUS FINANCIAL YEAR) IN KEY FINANCIAL RATIOS, ALONG WITH DETAILED EXPLANATIONS THEREFOR:

The details of significant changes of 25% or more in the key financial ratios, together with explanations thereof, wherever applicable, are provided in the Notes to the Financial Statements forming part of this Annual Report.

II. DETAILS OF ANY CHANGES IN RETURN ON NET WORTH AS COMPARED TO THE IMMEDIATELY PREVIOUS FINANCIAL YEAR ALONG WITH A DETAILED EXPLANATION THEREOF:

The details of change in Return on Net Worth as compared to the immediately preceding financial year, together with explanations thereof, wherever applicable, are provided in the Notes to the Financial Statements forming part of this Annual Report.

III. DISCLOSURE OF ACCOUNTING TREATMENT:

The Company has followed the applicable Accounting Standards in the preparation of its financial statements. No accounting treatment different from that prescribed under the applicable Accounting Standards has been followed during the financial year under review.

CONCLUSION

The Company remains committed to strengthening its operations, improving financial performance and pursuing sustainable business opportunities through prudent management and effective risk controls, with a view to creating long-term value for its stakeholders.

	By Order of the Board of Directors
	For Univa Foods Limited
	Sd/-
	Deepak Babulal Kharwad
	Chairperson and Director
Place: Mumbai	(DIN: 08134487)
Date: 11-08-2026