Vogue Textiles Ltd Management Discussions

INDUSTRY STRUCTURE AND DEVELOPMENT

In the year under review the outlook for the industry as a whole has worsened comparing to the previous years in both domestic and overseas markets due to ongoing wars leading to economic volatility and uncertainties.

The small demand for the kind of product your company makes and is having stocks, was there during the year.

Your company is committed to ensure that assets are safeguarded and protected against loss from unauthorized use and disposition, and the transactions are authorized and reported correctly. The Company has in place adequate internal control systems to ensure compliance with policies & procedures to ensure accuracy and transparency in financial results.

The relations with the employees continued to be cordial during the year and efforts remained to provide a good & harmonious working environment.

Global markets are passing through very uncertain times and buyers are reluctant to make commitments.

As the business of your Company depends on growth in overseas markets, the current situations of world trade are not promising at the moment. But still, lets hope for better times going ahead.