Venlon Enterprises Ltd Management Discussions

A) Industry structure and development:

Not applicable, as there has been no manufacturing activity since 29 September 2018.

B) Opportunities and Threats: Nil

C) Outlook for the Company:

In the financial year 2021-22 and 22-23, the company discontinued all its operations including that of windmill. Management has initiated a structured plan for orderly disposal of the company s remaining assets.

D) Segment-wise or product wise performance:

The company has stopped operations in all the segments. Hence segment results are not applicable for the company.

E) Risks and concerns: Nil

F) Internal Control systems and their adequacy:

The external auditors have separately provided their opinion on the internal controls over financial reporting which is given as an Annexure to their Audit report. In their opinion, the Company has adequate internal control system over financial reporting and such internal controls over financial reporting were operating effectively.

G) Discussion on financial performance with respect to operation performance:

The Company has ceased all its operations, and accordingly, the Financial Statements have been prepared on other than the going concern basis. The Management intends to systematically realise the remaining assets of the Company to pay off the public shareholders.

H) Material developments in the Human Resources/ Industrial Relations front, including the number of people employed:

There were no material developments.

Number of employees : Nil