The Company applies the Ind AS 109 simplified approach to measuring expected credit losses (ECLs) for trade receivables at an amount equal to lifetime ECLs. The ECLs on trade receivables are calculated based on actual historic credit loss experience over the preceding three to five years on the total balance of noncredit impaired trade receivables. The Company considers a trade receivable to be credit impaired when one or more detrimental events have occurred, such as significant financial difficulty of the client or it becoming probable that the client will enter bankruptcy or other financial reorganization. When a trade receivable is credit impaired, it is written off against trade receivables and the amount of the loss is recognized in the statement of profit and loss. Subsequent recoveries of amounts previously written off are credited to the statement of profit and loss.

* The Company has elected to measure investment in subsidiaries at deemed cost as per Ind AS 27.

** The Company has granted stock options to the employees of wholly-owned subsidiary companies where the fair value of the said options are recognized over the vesting period as deemed investment as per Ind AS 102.

*** The Company has made equity investment in Emkay Wealth Advisory Limited and Emkayglobal Financial Services IFSC Private Limited. Both the entities are the wholly owned subsidiaries of the Company. Due to subdued business operations in both theses entities over the past few years, both are incurring losses and as at 31 March 2026, the accumulated losses in Emkay Wealth Advisory Limited amounts to ' 289.28 Lakhs (P.Y. ' 255.39 Lakhs) and in Emkayglobal Financial Services IFSC Private Limited ' 231.96 Lakhs (P.Y. ' 250.13 Lakhs).

The Company has evaluated the carrying value of its equity investment in both these entities as per the requirement of the accounting standards Ind AS 36 and adequate impairment provision on such investment has been recorded for and as on 31 March 2026. Accordingly the Company has made impairment provision of ' 33.30 Lakhs (P.Y. ' 36.00 Lakhs) towards investment in Emkay Wealth Advisory Limited and ' 72.00 Lakhs (P.Y. ' Nil) towards investment in Emkayglobal Financial Services IFSC Private Limited and he same is accounted under impairment on financial instruments (refer note 37).

(B) Terms/rights/restrictions attached to equity shares

The Company has only one class of equity shares having par value of ' 10/- each share. Each holder of equity share is entitled to one vote per share. The Company declares and pay dividends in Indian Rupees. The dividend proposed if any, by the Board of Directors is subject to the approval of shareholders in the ensuing Annual General Meeting except in case of interim dividend.

In the event of liquidation of the Company, the holders of Equity shares will be entitled to receive remaining assets of the Company after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

During the year ended 31 March 2026 dividend recognized as distribution to equity shareholders was ' 4.00 per share being final dividend for the year ended 31 March 2025. The total dividend appropriated amounts to ' 1,023.20 Lakhs (P.Y. ' 371.85 Lakhs).

Nature and purpose of reserve

a) Securities premium

Securities Premium reserve is used to record the premium on issue of shares. The reserve can be utilised only for limited purposes such as issuance of bonus shares, writing off the preliminary expenses in accordance with the provisions of the Companies Act, 2013.

b) Retained earnings

Retained earnings are the profits that the Company has earned till date, less any transfers to general reserve, dividends or other distributions paid to shareholders. It also includes remeasurement gains and losses on defined benefit plans recognised in other comprehensive income (net of taxes).

c) Share application money pending allotment

Share application money pending allotment represents application money received on account of exercise of employees stock options.

d) General reserve

Under the erstwhile Companies Act, 1956, general reserve was created through an annual transfer of net income at a specified percentage in accordance with applicable regulations. Consequent to introduction of Companies Act, 2013, the requirement to mandatorily transfer a specified percentage of the net profit to general reserve has been withdrawn. However, the amount previously transferred to the general reserve can be utilised only in accordance with the specific requirements of Companies Act, 2013. This also includes transfer within equity i.e. transfer from Equity-Settled share-based payment reserve towards the amount recognised for services received from an employee, if the vested equity settled share based payments instruments are later forfeited or not exercised.

e) Money received against share warrants

This represents the portion of consideration received from warrant holders towards equity shares to be issued upon exercise of the warrants. Such amounts are recognised as part of Other Equity until the warrants are exercised, upon which the same is transferred to equity share capital and securities premium, as applicable.

f) Equity-settled share-based payment reserve

This reserve is created by debiting the statement of profit and loss account with value of share options granted to the employees. Once shares are issued by the Company, the amount in this reserve will be transferred to share capital, securities premium or retained earnings.

42. Segment information

Primary Segment - The Chief Operating Decision Maker (CODM) monitors the operating results of the business segment separately for the purpose of making decision about resource allocation and performance assessment. Segment performance is evaluated based on profit or loss and is measured consistently with profit or loss in the financial statements. The operating segment has been identified considering the nature of services, the differing risks and returns, the organization structure and internal financial reporting system. The business segment has been considered as the primary segment for disclosure. The primary business of the Company relates to one business segment namely "Advisory and Transactional Services” comprising of broking and distribution of securities, investment banking and other related financial intermediation services therefore primary business segment reporting as required by Ind AS "Segment Reporting” is not applicable.

(C) i Related parties are identified by management and relied upon by the auditor.

ii No amounts in respect of related parties have been written off/written back.

iii Name of the related party and nature of the related party relationship where control exists have been disclosed irrespective of whether or not there have been transactions and in case of other related parties, the said disclosure has been made wherever transactions have taken place.

iv Figures shown as "0.00” represent amounts that are less than Tl,000 (i.e., less than ^0.01 Lakhs). A dash (“-”) indicates that no transaction occurred during the current/previous year under that particular head.

(D) Terms and conditions of transactions with related parties

i. Salary and other benefits

The amounts disclosed are the amount recognised as an expense during the year which includes short-term benefits. The amounts do not include expense, if any, recognised towards employee stock option expenses, post-employment benefits and other long-term benefits as such expenses are recognised for the Company as a whole and the amounts attributable to related parties are not separately determined.

ii. Advisory fees paid

The Company pays advisory fees to its wholly owned subsidiary incorporated in Singapore at cost plus markup of 9%.

iii. Sitting fees and Commission paid to non-executive and/or independent directors

All the non-executive and/or independent directors were paid sitting fees for attending the board and committees constituted by the Board. Commission to the non-executive and/or independent directors is recognised as an expense during the financial year. No share option has been granted to the non-executive and/or independent directors under the ESOP schemes.

iv. Donation given to Emkay Charitable Foundation These transactions are in the ordinary course of business.

v. Gratuity contribution

Gratuity contribution expense is recognized basis actuary valuation report obtained from actuary appointed for the purpose and relied upon by the auditors.

vi. Purchase of gift and stationery items

These transactions are in the ordinary course of business.

vii. Dividend paid

Final Dividend is paid to all the shareholders whose name/s appear in the register of members as on the record date including related parties of the companies which is approved by the shareholders.

viii. Income from broking and allied activities

The Company collects various charges which include but are not limited to brokerage, account maintenance charges, depository charges, interest on margin trading funding, delayed payment charges, facility fees etc. on the same terms as applicable to the third parties in an arm's length transaction and in the ordinary course of business.

ix. Rent recovery Income

Company has leased premises at Worli, Mumbai which is shared with subsidiaries. The Company recovers the rent from subsidiaries based on actual rent paid and areas utilized by them.

Company also owns property at Dadar, Mumbai which is shared with subsidiaries. The Company recovers the rent from subsidiaries based on available market rent of the said premises and areas utilized by them.

x. Dividend received

Interim Dividend was received from one of the wholly owned subsidiaries of the company. Dividend was issued compliant with relevant law and regulation applicable to the company.

xi. ESOP granted to employees

The Company has granted stock options to employees of one of its subsidiaries. The Company has obtained a valuation report determining value as on the grant date. The excess of options over the exercise price is recognised as a deemed investment in the books of the Company.

xii. Loans taken from related parties

The Company has taken loans from related parties for working capital requirements. The loan is unsecured and for the short-term. The loans carry interest at 12% p.a. (P.Y. 10% p.a.) and is repayable on demand.

xiii. Reimbursement of expenses recovered

In case the Company makes the payment on behalf of related parties then the same is recovered as reimbursement. Also, few expenses spent are recovered basis agreed terms.

xiv. Margin deposit received and repayment for securities trading These transactions are in the ordinary course of business.

xv. Money received against share warrants

Money received for allotment of convertible share warrants on preferential basis from investors post

fund raising approval by Board of Directors and at the Extraordinary General Meeting of the Company. Pursuant to these approvals, equity shares along with share premium, were allotted, on exercise of share warrants as per the terms of the issue.

xvi. Issue of non-convertible debenture

The NCDs are unsecured, issued to eligible investors including related parties on a private placement basis in accordance with the applicable financial reporting framework.

xvii. Trade payable and payable to subsidiary companies

Trade payable outstanding balances and payable to subsidiary companies are unsecured, interest free and require settlement in cash. No guarantee or other security has been given against these payables.

xviii. Trade receivable

Trade receivables outstanding balances are unsecured, interest free and require settlement in cash. No guarantee or other security has been received against these receivables.

45. Statement of corporate social responsibility expenditure

As per Section 135 of the Companies Act, 2013, a Company, meeting the applicability threshold needs to spend at least 2% of its average net profit for the immediately three preceding three financial years on Corporate Social Responsibility (CSR) activities. A CSR committee has been formed by the Company as per Act.

a) The gross amount required to be spent by the Company during the year is ' 47.13 Lakhs (P.Y. ' 12.95 Lakhs)

b) Amount approved to be spent during the year ' 47.13 Lakhs (P.Y. ' 13.00 Lakhs)

e) Details of related party transactions, e.g. contribution to a trust/society/section 8 Company controlled by the Company in relation to CSR expenditure as per Accounting Standard AS 18.

Related party disclosures: Nil (P.Y. Nil)

Others

1. Claims against the Company relate to claims filed against the Company by our customers in the ordinary course of business.

2 Service tax matters in appeal: -The company has received service tax demand order for the period 1-072012 to 30-09-2014 on the income earned from foreign clients located outside India. The company has filed an appeal which is pending before CESTAT.

3 Input credit disallowed as counterparty has not filed the GSTR3B return for the year ended 31 March 2020. The Company has filed an appeal before the commissioner appeals.

4 Input credit disallowed by the department for the year ended 31 March 2021. Company shall be filing appeal before GST Tribunal.

5 Input credit mismatch in GSTR-3B with GSTR-2A for year ending 31 March 2018. The Company has opted for GST amnesty scheme 2024 and paid the disputed GST amount, however interest and penalty waiver by the department is still pending.

48. Share based payments Details of Employee Stock Options ESOP-2005

This scheme was approved by the shareholders at the Extra ordinary General meeting held on 28 January 2006 for grant of 3,81,250 equity shares of ' 10/- each.

ESOP-2007

This scheme was approved by the shareholders at the Extra Ordinary General Meeting held on 11 January 2008 for grant of 24,26,575 equity shares of ' 10/- each.

ESOP- 2010 - Through Trust Route

This scheme was approved by the shareholders at the Annual General Meeting held on 30 August 2010 for grant of 24,41,995 equity shares of ' 10/- each.

ESOP-2018

This scheme was approved by shareholders through postal ballot process on 21 March 2018 for grant of 24,53,403 equity shares of ' 10/- each.

ESOP-2007

The exercise price shall be equal to the latest available closing market price on the date prior to the date on which the Nomination, Remuneration and Compensation Committee finalizes the specific number of Options to be granted to the employees.

ESOP-2010

The exercise price shall be calculated based on latest closing price of the Company's equity shares quoted on the Stock Exchange prior to the date of the grant of Options, which for this purpose shall be date on which the Nomination, Remuneration and Compensation Committee meets to make its recommendations for grant of Options.

ESOP-2018

The exercise price shall be the closing price of the Company's equity shares quoted on the Stock Exchange immediately prior to the date of grant of the Options, which for this purpose shall be the date on which the Nomination, Remuneration and Compensation Committee meets to make its recommendations for the grant of the Options. The Stock Exchange to be selected to determine the closing price shall be in accordance with the SEBI ESOP Regulations. The Committee may, at its sole discretion, consider a discount to such closing price.

b) Defined benefit plan

The Company has defined benefit gratuity plan governed by the Payment of Gratuity Act, 1972. Every employee who has completed five years or more of service is entitled to gratuity on departure at 15 days last drawn salary for each competed year of service or part thereof in excess of six months.

The plan is funded with insurance companies in the form of qualifying insurance policy.

The actuarial risks associated are:

Discount rate

The discount rate for this valuation is based on government bonds having similar terms to duration of liabilities. Due to lack of deep and secondary bond market in India, government bond yields are used to arrive at the discount rate.

Mortality rate

If the actual mortality rate in the future turns out to be more or less than expected, then it may result in an increase/decrease in the liability.

Employee turnover/withdrawal rate

If the actual withdrawal rate in the future turns out to be more or less than expected, then it may result in an increase/decrease in the liability.

Salary escalation rate

More or less than expected increase in the future salary levels may result in an increase/decrease in the liability.

50. Lease

The Company has entered into lease contracts for various properties across India for its office premises used in its operations. There are no variable lease payments, residual agreements, sale and leaseback arrangements and other restrictions. The Company also has certain leases with lease terms of 12 months or less. The Company applies the ‘Short-term lease' recognition exemption for these leases.

53. Trade payables include ' 4.34 Lakhs (P.Y. ' 8.60 Lakhs) and other liabilities under other financial liabilities include ' Nil (P.Y. ' 9.60 Lakhs) being an aggregate of deposits in the Company's bank accounts made directly by clients whose details are awaited. Appropriate accounting treatment is given on a regular basis on receipt of required information.

54. Income includes ' Nil (P.Y. ' 20.32 Lakhs) and expense includes ' 57.20 Lakhs (P.Y. ' 30.95 Lakhs) pertaining to earlier year.

55. Financial risk management

The Company has established a comprehensive system for risk management and internal controls for all its

businesses to manage the risks that it is exposed. The objective of its risk management framework is to ensure

that various risks are identified, measured and mitigated and also that policies, procedures and standards are

established to address these risks and ensure a systematic response in the case of crystallization of such risks.

The Company has exposure to the following risks arising from financial instruments:

a) Credit risk

b) Liquidity risk

c) Market risk

The risk management system features three lines of defence approach.

1. The first line of defence comprises its operational departments, which assume primary responsibility for their own risks and operate within the limits stipulated in various policies approved by the Board or by committees constituted by the Board.

2. The second line of defence comprises specialized departments such as risk management and compliance. They employ specialized methods to identify and assess risks faced by the operational departments and provide them with specialized risk management tools and methods, facilitate and monitor the implementation of effective risk management practices, develop monitoring tools for risk management, internal controls and compliances, report risk related information and promote the adoption of appropriate risk prevention measures.

3. The third line of defence comprises the internal audit and external audit functions. They monitor and conduct periodic evaluations of risk management, internal controls, and compliance activities to ensure the adequacy of risk controls and appropriate risk governance and provide the Board with comprehensive feedback.

a) Credit risk

I t is risk of financial loss that the Company will incur a loss because its customers or counterparties to financial instruments fail to meet its contractual obligation.

The Company's financial assets comprise cash and bank balances, trade receivables, loans, investments, and other financial assets which comprise mainly of income, deposits, advances and other receivables.

The maximum exposure to credit risk at the reporting date is primarily from Company's trade receivable and loans.

Trade receivable:

The Company applies the Ind AS 109 simplified approach to measure expected credit losses (ECLs) for trade receivables at an amount equal to lifetime ECLs. The ECLs on trade receivables are calculated based on actual historic credit loss experience over the preceding three to five years on the total balance of non-credit impaired trade receivables. The Company considers a trade receivable to be credit impaired when one or more detrimental events have occurred, such as significant financial difficulty of the client or it is becoming probable that the client will enter bankruptcy or other financial reorganization. When a trade receivable is credit impaired, it is written off against trade receivables and the amount of the loss is recognized in the income statement. Subsequent recoveries of amounts previously written off are credited to the income statement.

Loans:

Loans comprise of margin trading funding (MTF) for which staged approach is followed for determination of ECL.

Stage 1 : All standard loans in MTF loan book not due or upto 30 days past due (DPD) are considered as Stage 1 assets for computation of expected credit loss.

Stage 2 : Exposure under stage 2 includes under-performing loans having 31 to 90 days past due (DPD). Stage 3 : Exposures under stage 3 include non-performing loans with overdue more than 90 days past due (DPD).

Based on historical data, the company assigns Probability of Default (PD) to stage 1 and stage 2 and applies it to the Exposure at Default (EAD) to compute the ECL. For Stage 3 assets PD is considered as 100%.

The company does not have any loan book which may fall under stage 2 or stage 3.

Other financial assets considered to have a low credit risk:

Credit risk on cash and cash equivalents is limited as we generally invest in deposits with banks with high credit ratings assigned by international and domestic credit rating agencies. Investments comprise of quoted equity instruments, mutual funds which are market tradable. Other financial assets include deposits for assets acquired on lease and with qualified clearing counterparties and exchanges as per the prescribed statutory limits.

b) Liquidity risk

Liquidity risk is the risk that the entity will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The entity's approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the entity's reputation.

Prudent liquidity risk management requires sufficient cash and marketable securities and availability of funds through adequate committed credit facilities to meet obligations when due and close out market positions.

The Company has a view of maintaining liquidity with minimal risks while making investments. The Company invests its surplus funds in short-term liquid assets in bank deposits. The Company monitors its cash and bank balances periodically in view of its short-term obligations associated with its financial liabilities.

c) Market risk

Market risk arises when movements in market factors (foreign exchange rates, interest rates, credit spreads and equity prices) impact the Company's income or market value of its portfolios. The Company, in its course of business, is exposed to market risk due to changes in equity prices, interest rates and foreign exchange rates. The objective of market risk management is to maintain an acceptable level of market risk exposure while aiming to maximize returns.

(i) Equity Price

The Company's exposure to equity price risk arises primarily on account of its proprietary positions and on account of margin bases positions of its clients in equity cash and derivative segments.

The Company's equity price risk is managed in accordance with its Risk Policy approved by the Board.

(ii) Interest rate risk

The Company is exposed to Interest rate risk if the fair value or future cash flows of its financial instruments will fluctuate as a result of changes in market interest rates. Fair value interest rate risk is the risk of changes in fair values of fixed interest bearing investments because of fluctuations in the interest rates.

The Company's interest rate risk arises from interest bearing deposits with bank and loan given to customers. Such instrument exposes the Company to fair value interest rate risk. Management believes that the interest rate risk attached to these financial assets is not significant due to the nature of these financial assets

(iii) Foreign currency risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates.

Foreign currency risk management

I n respect of foreign currency transactions, the Company does not hedge the exposures since the management believes that the same is insignificant in nature and will not have a material impact on the Company.

The Company's exposure to foreign currency risk at the end of the reporting period is as shown as under:

III. Fair value hierarchy:

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction in the principal (or most advantageous) market at the measurement date under current market conditions (i.e., an exit price), regardless of whether that price is directly observable or estimates using a valuation technique.

IV. Valuation techniques used to determine fair value:

• Quoted equity instruments - Quoted closing price on stock exchange.

• Alternative investment funds - Net asset value of the respective schemes.

V. Financial instruments not measured at fair value

Financial assets not measured at fair value include cash and cash equivalents, bank balance other than cash and cash equivalents, trade receivables, loans and other financial assets. These are financial assets whose carrying amounts approximate fair value, due to their short-term nature.

Additionally, financial liabilities such as borrowings, trade payables and other financial liabilities are not measured at FVTPL, whose carrying amounts approximate fair value, because of their short-term nature except lease liabilities which is measured at present value in accordance with relevant Ind AS.

On 31 March 2026 and 31 March 2025 the Company did not hold any financial assets or financial liabilities which could have been categorized as level 3.

Information about Company's performance obligation

The performance obligation in regards of arrangement where fees is charged per transaction executed is recognized at point in time when trade is executed.

Income from advisory services is recognized upon rendering of the services.

60. Capital 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 or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return on capital to shareholders, issue new shares or raise/ repay debt.

For the purpose of Company's capital management, capital includes issued equity capital, and all other equity reserves attributable to the equity holders. The primary objective of the Company's capital management is to maximise the shareholder value and to ensure the Company's ability to continue as a going concern. There is no noncompliance with any covenants of borrowings. No changes were made in objectives, policies or process for managing capital during the years ended 31 March 2026 and 31 March 2025.

61. Money received against share warrants

The Board of Directors of the Company at its meeting held on 22 September 2025, approved raising of funds upto ' 2,27,52,50,000 (Rupees Two Hundred and Twenty Seven Crores Fifty Two Lakhs Fifty Thousand Only) by way of issuance of upto 95,00,000 (Ninety Five Lakhs) convertible warrants ("Warrants”) in one or more tranches at a price of ' 239.50 per warrant ("Warrant Issue Price”) with a right to the Warrant holders to apply for and be allotted 1 (One) Equity Share of the face value of ' 10 each of the Company ("Equity Shares”) at a premium of ' 229.50 per equity share for each Warrant within a period of 18 months from the date of allotment of the Warrants to the below mentioned persons ("Allottees”) on a preferential basis. The same was subsequently approved by the Shareholders of the Company at the Extraordinary General Meeting of the Company ("EOGM”) held on 17 October 2025. The Management Committee (constituted by the Board of Directors of the Company) at its meeting held on October 24, 2025, approved the allotment of 95,00,000 Warrants to the below mentioned persons as per the details set forth below:

* The Warrant holder will be required to make further payments of ' 179.62 for each Warrant, which is equivalent to 75% of the Warrants issue price at the time of exercise of the right attached to Warrants within 18 months from the date of allotment of these warrants to subscribe to equity share(s).

# The Company has received remaining 75% consideration of the issue price of the Warrants for the conversion of 13,50,000 Warrants into equal number of equity shares. Further, the Management Committee of the Company has allotted 13,50,000 equity shares upon exercise of these Warrants at its meetings held on various dates. The relevant details of such exercise and allotment are set forth below:

62. The Board of Directors at their meeting held on May 15, 2026, have recommended a dividend of ' 1.50 per share (on face value of ' 10/- per equity share) for the year ended March 31, 2026, subject to the approval of the members at the ensuing annual general meeting. In terms of Ind AS 10 "Events after the Reporting Period”, the Company has not recognized dividend as a liability at the end of the reporting period.

¹ Debt Equity Ratio = Debt (Borrowings (other than debt securities) Debt securities Accrued interest)/ Equity (Equity share capital Other Equity)

² Debt Service Coverage Ratio = Profit/Loss before exceptional items, interest and tax (excludes unrealized gains/losses and interest costs on leases as per IND AS 116 on Leases)/(Interest expenses (excludes interest costs on leases as per IND AS 116 on Leases) Current maturity of long-term loans)

³ I nterest Service Coverage Ratio = Profit/Loss before exceptional items, interest and tax (excludes unrealized gains/losses and interest costs on leases as per IND AS 116on Leases)/I nterest expenses (excludes interest costs on leases as per IND AS 116 on Leases)

⁴ Net Worth = Equity share capital Other equity

⁵ Current Ratio = Current Assets/Current Liabilities

⁶ Long Term Debt to Working Capital Ratio = Long Term Borrowing/Working Capital

⁷ Bad debt includes provision made on doubtful debts. Accounts receivable includes average trade receivables

⁸ Current Liability Ratio= Current Liabilities/Total Liabilities

⁹ Total Debts to Total Assets= Total Debts (Borrowings Debt Securities)/Total Assets

¹⁰ Debtors Turnover Ratio = Fee and Commission Income /Average Trade Receivables

¹¹ Operating Margin = Profit before tax/Total Revenue from operations

¹² Net Profit Margin= Profit after tax/Total Revenue from operations

54. The company has maintained proper books of account as required by law and the backup of books of account is taken on servers physically located in India on a daily basis.

The Company has used accounting software SunSystem, Tradeplus and Acercross for maintaining its books of account which has a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the software except at database level as mentioned below. Further no instance of audit trail feature being tampered with was noted in respect of accounting softwares where the audit trail has been enabled.

65. The Company's financial statements are presented in Indian Rupees (INR) and all values are rounded to the nearest lac, except when otherwise indicated.

66. Disclosure of Capital to risk-weighted assets (CRAR),Tier I CRAR, Tier II CRAR and Liquidity coverage ratios required under para (WB)(xvi) of Division III of Schedule III to the Act are not applicable to the Company as it is in broking business and not an NBFC registered under section 45-IA of Reserve bank of India Act, 1934.

67. Other statutory information

a) The Company is holding immovable property as disclosed in note no.13. Title deeds of the property are held in the name of the Company.

b) The Company has complied with the requirements of the number of layers prescribed under Section 2(87) of the Companies Act, 2013 read with Companies (Restriction on number of Layers) Rules, 2017.

c) No proceeding has been initiated during the year or pending against the Company for holding any Benami property under the Benami Transactions (Prohibition) Act, 1988 and rules made thereunder.

d) The Company has taken borrowings from Banks on the basis of security of current financial assets and all the quarterly returns filed by the Company with the Banks are in agreement with the financial statements.

e) The Company is not declared a willful defaulter by any bank or financial institution or any other lender.

f) There are no transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

g) The Company does not have any charges or satisfaction which are yet to be registered with ROC beyond the statutory period.

h) The Company has not entered into any scheme or arrangement which has an accounting impact on the current or previous financial year.

i) The Company has not advanced or loaned or invested funds to any other persons or entities, including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

I. 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

II. provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

j) The Company has not received any fund from any persons or entities, including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

I. directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

II. provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries,

k) The Company does not have any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year 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).

l) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

68. Labour code

Pursuant to the notification by the Government of India on November 21, 2025 of four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as "the new Labour Codes”) consolidating 29 existing labour laws. The Company has assessed that there is no material incremental impact due to implementation of the New Labour Codes and the same has been recognised during the year ended March 31, 2026 under "Employee Benefits Expense”. Subsequent to the notification of the Rules under the new Labour Codes by the Government of India on May 9, 2026, the Company would assess the impact thereof and would provide appropriate accounting effect in the relevant periods, as required.

69. Events after reporting date

There have been no events after the reporting date that require disclosure in these financial statements.

70. Approval of financial statements

The financial statements of the Company for the year ended 31 March 2026 were approved for issue by the Board of Directors at their meeting held on 15 May 2026.