Wisec Global Ltd Management Discussions

OVERVIEW:

This report is an integral part of the Boards Report and covers management perspective on economic environment, industrial scenario, business performance, opportunities, threats, risks & concern, internal control etc. during the Financial Year 2024-2025. This should be read in conjunction with the Companys Financial Statements, the schedules and notes thereto and other information included elsewhere in the Annual Report.

The Company has prompted a thorough evaluation of our business operations, market opportunities, and strategic direction. After careful consideration, the management has proposed a change in the main object clause of the Company.

The Company remains committed to creating value for its stakeholders. The proposed change in the main object clause is a proactive measure to adapt to market conditions, leverage new opportunities, and drive sustainable growth. We will continue to engage with our stakeholders, keeping them informed of our strategic initiatives and progress.

In conclusion, the decision to change the main object clause reflects our commitment to realigning our business focus, driving innovation, and achieving long-term growth. The management is confident that this strategic shift will position the Company for future success and enhanced shareholder value.

INDUSTRY STRUCTURE AND DEVELOPMENTS

The consultancy industry in India is booming, set to expand steadily by around 8.3% each year from 2021 to 2028, expanding both in size and the scope of services offered. This growth is due to several reasons: Indias developing economy, the increasing number of startups and entrepreneurs, and the challenges businesses are facing in the aftermath of COVID-19. Strengthening the Indian consulting industry requires a focus on innovation, talent development, service quality enhancement, and skills improvement. These efforts will be crucial for Indian firms to compete effectively and sustain growth in the evolving global consulting market. Organisations are being pushed to adopt innovation by disruptive change waves, and generative AI is widely seen as a revolutionary force. Businesses that can quickly adopt this technology will be able to access opportunities with previously unheard-of business value.

Consulting companies are in charge of steering this transition because of their knowledge and ongoing participation in advancing the innovation agenda for their customers. In order to assist customers in transforming the way they do business and incorporate Generative AI into their own working practices, consultants must fully grasp the great potential of this technology.

Being on the cutting edge will open up company value channels that were formerly thought to be far away. It is undeniable that Generative AI has immense potential, despite the fact that the technology is still in its infancy and has its limits.

ECONOMIC ENVIRONMENT:

According to the Services Export Promotion Council (SEPC), the Foreign Direct Investment (FDI) in Indias consultancy services reached a significant milestone of US$ 1.05 billion in the fiscal year 2020, out of a total investment of US$ 8.7 billion between April 2000 and March 2023 (Department for Promotion of Industry and Internal Trade - DPIIT).

Furthermore, Indias exports of professional and management consulting services reached US$ 36.95 billion in the fiscal year 2021-22, showcasing the robust growth and global demand for Indian consulting expertise.

OPPORTUNITIES:

The management is looking for opportunities in various upcoming sectors:

Green Energy: To explore business opportunity to provide consultancy in renewable energy projects (Solar, battery storage, EVs). The opportunity areas would include EV Charging Infrastructure consultancy and solar panel installation and advisory

Information Technology Services: To explore business opportunity to provide information technology services, system integration services and technology consultancy for business automation

THREATS:

The Company has not experienced revenue generation for several consecutive years. This has necessitated a reassessment of our business focus and operational priorities. The Consultancy Industry has undergone significant changes, with increased competition and evolving technology landscapes. Our current business model and offerings have not aligned with these changes, impacting our ability to generate revenue.

FINANCIAL PERFORMANCE:

The Financial Statements for the year ended 31st March, 2025, have been prepared in accordance with the Companies (Indian Accounting Standards) Rule, 2015 (Ind AS) prescribed under section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable.

For the financial year ended 31st March, 2024, revenue at as level stood at Nil.

OUTLOOK:

With Indias growing emphasis on digital transformation, renewable energy, and startups ecosystem, the company can grow if the focus is on specialization, meeting client expectations, improving service quality, enhance consulting skills and focusing on niche areas. Specifically, the focus needs to be on appropriate fiscal and monetary policies, improving educational outcomes, ensuring the economy is resilient to future economic shocks, while also ensuring inflow of investments to support green transitions.

RISK & CONCERNS:

Disruptive technology, the rise of new business models, and the pressures exerted by intense global competition are transforming the marketplace. One of the major challenge is the emerging technologies behind automation and artificial intelligence (AI). Turbulent times generate tremendous change, and this is precisely the reality that management consulting firms are facing today. To adapt to rising marketplace pressures, to get ahead and stay there However, CRISIL said, healthy growth in cost-optimisation deals, along with strong digital solutions, cloud, and automation capabilities, and a wide range of offerings will support the demand scenario.

INTERNAL CONTROL SYSTEM AND ITS ADEQUACY:

In keeping with the size and nature of its business and complexity of its operations, commensurate internal control procedures are implemented by the Company. The guidelines are set by the Audit Committee Members and Board of Directors who are responsible for the internal control system. They carry out periodic reviews of the internal audit plan, verify the adequacy of the control system, marks its audit observations, and monitors the sustainability of the remedial measures.

Observations made in internal audit reports on business processes, systems, procedures and internal controls and implementation status of recommended remedial measures by the Internal Auditors, are presented half yearly to the Audit Committee.

The Companys internal control system is designed to ensure management efficiency, measurability and verifiability, reliability of accounting and management information, compliance with all applicable laws and regulations, and the protection of the Companys assets. This is to timely identify and manage the Companys operational, compliance-related, economic and financial risks.

RESEARCH & DEVELOPMENT:

During the financial year 2024-25, the Company did not allocate any funds towards Research and Development (R&D). This decision was influenced by several strategic considerations, including a focus on optimizing current product lines, improving operational efficiencies, and managing financial resources prudently in response to market conditions. In conclusion, while FY 2024-25 saw a temporary pause in R&D spending, the Company is dedicated to resuming and intensifying its R&D efforts to ensure continued innovation and market leadership in the future.

While there were no expenditures on R&D in FY 2023-24, the Company remains committed to innovation and technological advancement. Plans are in place to resume and potentially increase R&D activities in the coming financial years. The Company is actively exploring partnerships, collaborations, and strategic initiatives to enhance its R&D capabilities and ensure sustained growth and competitiveness.

HUMAN RESOURCES DEVELOPMENT:

Human Resource is Companys greatest asset and your Company believe that in the roadmap for building the future, employee involvement is crucial to be continually creative and drive organizational excellence. The organizational excellence depends on the quality of people employed. Therefore, your Company focus on the culture of recognition, innovation in technology, engagement of right people for the right job and process improvements. Your companys ethics, principles and ideals have fostered a positive work culture among the employees across all its plants and offices.

The employees are treated with respect and dignity at all times and senior management is easily accessible for counseling and redressal of grievances.

KEY FINANCIAL RATIOS:

The Key Financial Ratios for FY 2024-2025 and FY 2023-2024, along with explanation for significant changes (change of 25% or more) are as follows:

Particulars	FY 2024-25	FY 2023-24	% Change
Debtors Turnover	Nil	Nil	-
Inventory Turnover	Nil	Nil	-
Interest Coverage Ratio	3.84	Nil	100%
Current Ratio	0.21	0.44	52.27%
Debt Equity Ratio	-2.73	3.44	179.36%
Operating Profit Margin	Nil	Nil	-
Net Profit Margin	Nil	Nil	-
Return on Net Worth	116.5%	-7854.67%	6842.24%

CAUTIONARY STATEMENT:

Statements in the Management Discussion and Analysis describing the Companys objectives, projections, estimates, expectations may be "forward looking statements" within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the Companys operations include, among others, downtrend in the industry, economic conditions affecting demand/supply and price conditions in the domestic market in which the Company operates, changes in political and economic environment in India, changes in the Government regulations, tax laws and other statutes, litigations and incidental factors.

For and on Behalf of the Board of Directors

For Wisec Global Limited
	Sd/-	Sd/-
Date: 06th September, 2025	Rakesh Rampal	Afrin
Place: Delhi	Whole Time Director	Director
	DIN: 01537696	DIN: 10689215