Wardwizard Healthcare Ltd Management Discussions

INDUSTRY STRUCTURE AND DEVELOPMENTS

The Company is currently exploring various business opportunities in the healthcare sector, including medical treatment facilities, multi-speciality hospitals, medical and paramedical educational institutions, research and technology laboratories, healthcare services, pharmacy outlets, ambulance services, home care, and related areas. These initiatives are aimed at serving the best interests of the Company and its stakeholders.

OPPORTUNITIES AND THREAT

The Indian market continues to offer a range of promising opportunities across various sectors. While the Company currently operates on a relatively smaller scale, it remains focused on identifying and evaluating business prospects that are strategically aligned with its current size and long-term vision. In line with the recent change in management, the Company proposes to raise capital to support the execution of its renewed business objectives and strategic initiatives.

SEGMENT-WISE OR PRODUCT-WISE PERFORMANCE

Currently, the Company does not have any products/ segments.

OUTLOOK

The Board of Directors is actively evaluating a range of potential business opportunities that align with the Companys vision for long-term growth and value creation. As part of this strategic review, the Board is considering diverse sectors and emerging business models that leverage market trends, evolving consumer needs, and the Companys inherent capabilities.

This proactive approach is aimed at identifying avenues that are scalable, sustainable, and capable of delivering enhanced value to shareholders. The Company remains open to exploring opportunities in high-growth sectors, with a particular focus on healthcare and allied services, in line with its evolving business strategy. The Board continues to assess the feasibility, risk profile, and potential return on investment of each option, with the intent to chart a robust roadmap for the Companys future.

While the Company is currently at an exploratory stage, the management is confident that, with prudent planning and timely execution, the identified opportunities will contribute meaningfully to the Companys growth trajectory.

The Board of Directors is currently examining various strategic business options available to the Company as part of its efforts to identify new avenues for growth. While these opportunities present potential for value creation, they are still at an exploratory stage and are subject to detailed feasibility assessments.

Given that the Company does not have any active business operations at present, the success of any proposed venture will depend on several external and internal factors, including market conditions, regulatory approvals, availability of financial resources, and the Companys ability to attract the right talent and partnerships. There is also an inherent risk that certain opportunities under evaluation may not materialize or may not deliver the expected outcomes.

The Board is mindful of these uncertainties and is adopting a cautious, risk-assessed approach in evaluating potential business ventures. The Company remains committed to maintaining financial prudence and compliance with applicable laws and regulations while pursuing its strategic objectives.

INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY

The Company currently has adequate internal control systems in place, commensurate with its existing scale of operations and business requirements. These controls are continuously monitored, reviewed, and strengthened on an ongoing basis, and are upgraded as and when necessary to ensure effectiveness and alignment with evolving business needs.

FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE

Your Companys Present performance vis-a-vis the financial performance for the previous year as given below in tabular format.

Particulars	2025-26	2024-25
Total revenue including other income	169.70	41.86
Total Expenditure	192.20	324.35
Profit / (Loss) before tax	(22.50)	(282.48)
Tax Expenses	9.03	(11.16)
Profit / (Loss) after tax	(31.53)	(271.33)
Other Comprehensive Income
(a) Items that will not be reclassified to profit or loss	4.36
(b) Income tax relating to items that will not be reclassified to profit or loss	(1.13)	3.22
Profit (Loss) Total Comprehensive Income for the year	(28.30)	(271.33)

The Board is keen to have a fully equipped HR Department, once the business activity is resumed/started in a normal way. During the year under review, since, there were less business activities and manpower utilization was meagre, there was no such department.

DETAILS OF SIGNIFICANT CHANGES IN KEY FINANCIAL RATIO

Following are significant changes in Key Financial Ration of the Company during the Financial Year 2025-26:

Particulars	2025-26	2024-25
Current Ratio	0.19	0.07
Debt-Equity Ratio	-0.95	-3.35
Debt Service Coverage Ratio	0.01	-0.16
Trade Receivable Turnover Ratio	4.40	299.75
Trade Payable Turnover Ratio	1.75	0.46
Net Capital Turnover Ratio	-1.86	-0.17
Net Profit Ratio	-33.53%	-650.09%
Return on Capital Employed	NA*	-31.54%

NA- Not applicable as the Net-worth and Capital employed is negative at the year end.

DETAILS OF ANY CHANGES IN RETURN ON NET WORTH

Following are details for change in Return on net worth in the financial year 2025-26 as compared to the immediately previous financial year i.e. 2024-25.

Particulars	2025-26	2024-25
Return on Net Worth	-8.33%	-87.16%

Detailed disclosure of accounting treatment during the financial year 2025-26 has been made in Notes to accounts of the financials.

Caution: The views expressed in the Management Discussions and Analysis are based on available information, assessments and judgment of the Board. They are subject to alterations. The Companys actual performance may differ due to national or international ramifications, government regulations, policies, Tax Laws, and other unforeseen factors over which the Company may not have any control.

DATE: AUGUST 31, 2026

PLACE: VADODARA