Weizmann Ltd Management Discussions

The conflict in West Asia has caused acute disruption of global supply chains. This has posed a big challenge for the global economy - higher prices and lower global growth. Merchant Shipping has been severely impaired. In this environment, monetary policy in every country faces a difficult trade-off and more so for India as it is highly dependent on crude oil imports and has also had the adverse effect on exports through sea. This has necessitated anchoring inflation expectations through policy tightening while reducing its impact on growth forgone. Also, equity valuations stand corrected. In the scenario of the turmoil in global financial markets, the US dollar has rallied well against most global currencies.

Despite the gloomy global scenario, on the domestic front, the Indian economy remained resilient in 2025-26. Real GDP is estimated to grow by 7.6 per cent on year to year, as per the Estimates of the new GDP series (base year 2022-23). Private consumption and fixed investment contributed significantly to overall growth, while net external demand remained softened. On the supply side, estimated real GVA growth of 7.7 per cent was driven by buoyant services sector and robust manufacturing activity.

In the above environment, the Governments focus on scaling up domestic manufacturing in several strategic and frontier sectors announced in the Union Budget 2026-27 , GST rationalization, promises well for Indias maintaining the growth trajectory. Taking all these factors into consideration and on the assumption that the adverse impact of the conflict would remain contained in the near term, real GDP growth for 2026-27 is projected at 6.9 per cent.

Both Direct tax and Indirect tax mainly GST collections were buoyant, reflecting the Indian entities all round growth and compliance despite the challenges.

The company continues its focus on job work for Export by Customers and Domestic Markets for textile products. During the year under review the revenue from sale of services Rs.115.50 crore as against Rs.110.17 crore in the previous year. The sale of products registered Rs. 11.18 crore as against Rs. 7.08 Crore in the previous year.

The Profit before Tax for the year was Rs.9.39 crore as against Rs.11.21 crore in the previous year.

The Company has an effective system of internal controls to ensure that all its assets are properly safeguarded and protected against loss from unauthorized use or disposal.

Further all the internal control system is practiced by the company to ensure that all transactions are authorized, recorded and reported correctly. The system is commensurate with the nature of business and the size of the operation. The company also has an internal audit system so as to ensure that systems are strengthened and improved on a continuous basis.

The Company has an Audit Committee of Directors which reviews the adequacy of internal controls.

The company has a team of able and experienced professionals. The work culture and value system in the company is designed to provide each employee the adequate space, freedom and guidance to bring out their full potential and provide personal growth opportunities within the organization.