Note 9C

Terms and rights attached to the equity shares of the Company

Every shareholder is entitled to attend and vote at the meeting of the shareholders, to receive dividends distributed and also has a right in the residual interest of the assets of the company. Every shareholder is also entitled to right of inspection of documents as provided in the Companies Act, 2013.

21. FINANCIAL INSTRUMENTS AND RELATED DISCLOSURES

This section gives an overview of the significance of financial instruments for the Company and provides additional information on balance sheet items that contain financial i nstruments.

The details of significant accounting policies, including the criteria for recognition, the basis of measurement and the basis on which

income and expenses are recognised in respect of each class of Financial asset, Financial liability and equity instrument are disclosed in Note 1 to the financial statements.

Below are the methodologies and assumptions used to determine fair values for the above financial instruments which are not recorded

and measured at fair value in the Company’s financial statements. These fair values were calculated for disclosure purposes only. The below methodologies and assumptions relate only to the instruments in the above tables.

Other financial assets measured at amortised cost

For other financial assets that have a short-term maturity (less than twelve months), the carrying amounts, which are net of impairment,

are a reasonable approximation of their fair value. Such instruments include: cash, cash equivalents, other bank balances, Trade and Other receivables and Security Deposits.

Debt Securities, Subordinated Liabilities and Other Borrowings measured at amortised cost

The fair values of debts are estimated using a discounted cash flow model based on observable future cash flows based on terms,

discounted at a rate that reflects market risks..

Other financial liabilities measured at amortised cost

For other financial liabilities that have a short-term maturity (less than twelve months), the carrying amounts are a reasonable

approximation of their fair value.

Such instruments include: Trade & Other payables and Security Deposits .

ii) Fair value hierarchy

All financial instruments for which fair value is recognised or disclosed are categorised within the fair value hierarchy, described as

follows, based on the lowest level input that is insignificant to the fair value measurements as a whole.

Level 1: Quoted (unadjusted) prices in active markets for identical assets or liabilities. Level 2: Valuation techniques for which the lowest level inputs that has a significant effect on the fair value measurement are observable, either directly or indirectly. Level 3: Valuation techniques for which the lowest level input which has a significant effect on fair value measurement is not based on observable market data.

The carrying amounts of cash and cash equivalents, other bank balance (other than cash and cash equivalents), trade payables and

other financial liabilities approximates the fair values due to their short- term nature. Investment in equity instruments and gold stock is measured at cost only, as it is assumed or valued by management that the current value of the investment is carrying cost only.

There are no transfers between any levels for fair value measurements.

Financial risk management objectives and policies

The company principle financial liabilities comprise trade and other payables. The man purpose of financial liabilities is to finance the company operation. The company financial assets include trade and other receivables and cash and cash bank balances.

The company is exposed to market risk, credit risk and liquidity risk. The board provide the guidance for overall risk- management, as well as policies covering specific areas such as credit risk, liquidity risk and investment of excess liquidity 1 Market risk

Market risk is the risk that changes in market prices, such as foreign exchange rates, interest rates and equity price will affect the company's income or the value of its holding of financial instruments. The objective of the market risk management is to manage and control market risk exposures with acceptable parameters while optimizing the return. The sensitivity analysis excludes the impact of movements in the market variables on the carrying value of the post employment benefit obligations and on the non-financial assets and liabilities. The sensitivity of the relevant profit and loss item is the effect of the assumed changes in respective market risk. Financial instruments affected by market risk includes borrowings, deposit, and other financial in struments. i. Interest rate risk

This refer to risk to company's cash flow and profit on account of movement in market interest rates.

The company is not exposed to interest rate risk as it doesn't have any borrowings.

ii. Foreign Currency risk

Currency risk is the risk that the fair value or future cash flow fluctuate because of changes in market prices. The company is not exposed to foreign currency risk as no transaction made in any other currency other than rup ee. iii Credit Risk

Credit risk is the risk of financial loss to the company if a customer or counterparty to a financial instrument fails to meet its contractual obligations and arises principally from the company's receivables from customers, loans and deposits given, investments and balances at bank. The company measures the expected credit loss of trade receivables based on financial conditions/market practices, credit track record in the market, analysis of historical bad debts and past dealings for extension of credit to customers. Individual credit limits are set accordingly. The company monitors the payment track record of the customers and ageing of receivables. Outstanding customer receivables are regularly monitored. The company considers the concentration of risk with respect to trade receivables as low, as its customers are located in several jurisdictions and industries and operate in largely independent markets. The company has also taken advances and security deposits from some of its customers, which mitigate the credit risk to an extent. Ageing analysis of trade receivables has been considered from the date the invoice falls due.

2 Liquidity risk

Liquidity risk is defined as the risk of the company will not able to settle or meet its obligations on time or at reasonable price. For the company liquidity risk arises from obligations on account of financial liabilities- borrowings, trade payable and other financial liabilities. The company's approach to managing liquidity is to ensure, as far as possible, that is always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to company's reputation.

Exposure to liquidity risk

The table below provides details regarding the contractual maturities of financial liabilities at the reporting date

Capital risk Management

The company manages its capital structure and makes necessary adjustments in light of changes in economic conditions and the

requirement of financial covenants. To maintain the or adjust the capital structure, the company may adjust the dividend payment to shareholder, return capital to shareholder, issue new shares or raise/ retire debt. The primary objective of the company's capital management is to maximize the shareholder's value.

For the purpose of the company's capital management, equity includes issued capital, securities premium and other reserves. Net debt

includes loans less cash and bank balance. The company manages capital by monitoring gearing ratio which is net debt divided by equity plus net debt.__

Note No.- 25 Disclosure pursuant to Accounting Standard - 15 ‘Employee Benefits’

i) Contribution to Provident Fund (Defined Contribution)

Under the rules of these schemes, the Company is required to make contribution towards Employees Provident Fund and Employees State Insurance Scheme.

ii) Defined employee benefits and other long term benefit schemes(Gratuity)

Note No.- 26: Disclosure of CSR Expenditure

The provisions of Section 135 of The Companies Act, 2013, related to Corporate Social Responsibility is not applicable on the company.

8 Other statutory information for the year ended 31 March 2025

(i) The Company does not have any transaction with companies struck off under Section 248 of the Companies Act, 2013

(ii) The Company do not have any benami property, where any proceeding has been initiated or pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

(iii) The Company has not been declared wilful defaulter by any bank or financial institution or Government or any Government authority or other lender, in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India.

(iv) The Company does not have any charge or satisfaction which is yet to be registered with Registrar of Companies beyond the statutory period.

(v) The Company do not have any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income in the tax assessments under the Income-tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income-tax Act, 1961)

(vi) The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.

(vii The Company has complied with the number of layers prescribed under Clause (87) of

) Section 2 of the Companies Act, 2013 read with the Companies (Restriction on number of Layers) Rules, 2017 from the date of their implementation.

(vii Utilization of borrowed funds and share premium

i)

(a) To the best of our knowledge and belief, other than the details mentioned below, the Company have not advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) to or in any other person(s) or entity(ies), including foreign entities (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, directly or indirectly lend or invest in other

persons or entities identified in any manner whatsoever by or on behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(b) To the best of our knowledge and belief, other than the details mentioned below, no funds have been received by the Company from any person(s) or entity(ies), including foreign entities "Funding Parties"), with the understanding, whether recorded in writing or otherwise, that the Company shall, directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever ("Ultimate Beneficiaries") by or on behalf of the Funding Party or provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

2

9 Rounding of Amounts

All amounts disclosed in the financial statements and notes are presented in INR lakhs and has been rounded off to two decimals as per the requirements of Division II of Schedule III to the Companies Act, 2013, unless otherwise stated

3

0 Segment reporting

The Company is primarily engaged in a single business segment of Broking & Dealing in Securities and related services. All the activities of the company revolves around the main business. As such there are no separate reportable segments as per Ind AS - 108 “Operating Segment”.

The Company earns its entire “revenue from external customers” in India being Company's country of domicile. All the assets are located in India. During the year, revenue from none of the customer amounted to more than 10% of the total revenue (31st March 2024 - Nil).

3

1 Commitments

Estimated amount of contracts remaining to be executed on capital or other account (net of advances already made) and not provided for is Rs. Nil (previous year Rs Nil).

3

2 Going concern

The company draw attention to the note in the financial statements regarding Going Concern, where the NSE has temporarily suspended trading terminals due to Net Worth issues during the year ended March 31, 2025. However, the Company's is in process of resolving the matter with the relevant authority, restoring normal business operations, and other measures mentioned in the aforementioned note, the financial statements have been prepared on a going-concern basis.

3 Prior year

3 Comparatives

Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classifications / disclosures.