(vi) Provisions and Contingencies

The company creates a provision when there is present obligation as a result of a past event
that probably requires an outflow of resources and a reliable estimate can be made of the
amount of obligation. A disclosure for a contingent liability is made when there is a possible
obligation or a present obligation that probably will not require an outflow of resources or
where a reliable estimate of the obligation cannot be made.

(vii) Employee Benefits

The company has not provided for Gratuity and Leave encashment benefits till 31.03.2023. The
retirement benefits will be debited as and when paid.

(viii) Foreign Currency Transactions

a) Transactions in Foreign Currency are accounted at the exchange rate prevailing on the date
of Transactions. Exchange fluctuations between the transaction date and the settlement
date in respect of Revenue Transactions are recognized in Profit & Loss Account.

b) All export proceeds not realised at the yearend are restated at the rate prevailing at the
year end. The exchange difference arising there from has been recognised as income /
expenses in the Current Year's Profit & Loss A/c along with underlying transaction.

c) The premium or discount arising at the inception of forward exchange contract is amortised
as expense or income over the life of the contract. Exchange differences on such contracts
are recognised in the statement of profit and loss in the year in which the exchange rates
change. Any profit or loss arising on cancellation or renewal of forward exchange contracts
is recognised as income or as expense for the year. None of the forward exchange contracts
are taken for trading or speculation purpose.

(ix) Segment information

Operating Segment Reporting as defined in IndAS108 is not applicable as the company is
primarily engaged only in Broking services in capital market.

(x) Borrowing Costs

Borrowing Costs that are attributable to the acquisition or construction of qualifying assets are
capitalised as part of the cost of such assets. A qualifying asset is one that necessarily takes a
substantial period of time to get ready for its intended use or sale. All other borrowing costs
are charged to revenue.

(xi) Earnings Per Share (EPS)

Basic and diluted EPS is computed by dividing the net profit attributable to equity shareholders
for the year by the weighted average number of equity shares outstanding during the year.