Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 119

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 5
Chunk 119
---
. If we fail to address
the aforementioned risks and challenges, our business may be materially and adversely affected. There is no assurance that we will sustain
profitability or positive cash provided by operating activities. Current capability to maintain sufficient cash provided by operating
activities is not indicative of future operating results.

As of March 31, 2025, we had cash and cash equivalents
of approximately $2.1 million. As of March 31, 2025, our current assets were approximately $3.5 million, and our current liabilities were
approximately $2.6 million. As of March 31, 2024, we had cash and cash equivalents of approximately $2.8 million. As of March 31,
2024, our current assets were approximately $3.4 million, and our current liabilities were approximately $2.7 million. As of
March 31, 2023, our current assets were approximately $2.5 million, and our current liabilities were approximately $3.1 million.
Our current ratio improved from approximately 0.8 times in the year ended March 31, 2023 to approximately 1.3 times in the year ended
March 31, 2024, our current ratio further improved to approximately 1.4 times in the year ended March 31, 2025.

In
view of the current cash and bank balances, funds generated by our operating activities and amounts due to a related party, being Grande
Holding Limited, we believe our Company has sufficient resources to meet the working capital needs in the next 12 months from the
date the audited financial statements are issued. As of March 31, 2025, 2024 and 2023, the amounts due to Grande Holding Limited were
$1,821,726, $1,852,115 and $1,857,845, respectively. However, our ability to meet the liquidity and capital requirements will be subject
to future economic conditions and other factors which are beyond our control.

We
may declare or pay dividends in the foreseeable future. Any future determination related to our dividend policy will be made at the discretion
of our board of directors after considering our financial condition, results of operations, capital requirements, contractual requirements,
business prospects and other factors the board of directors deems relevant, and subject to the restrictions contained in any future financing
instruments.

Cash
Flow

The
following table sets forth a summary of our consolidated cash flows for the years ended