a. The Company has issued Rs.1,355.00 Lakhs (Rs.1,355.00 Lakhs) 10.5% Secured Unlisted Redeemable Non Convertible debentures of Rs.1 Lakh each. Out of which Rs.815.00 Lakhs is repayable on 31 March 2027 and Rs.540.00 Lakhs is repayable on 7 October 2027. and is secured by corporate guarantee given by GYFTR Limited (formerly known as LKP Finance Limited).

b. Loan from others is secured against hypothecation over MTF Receivables and all current assets of the borrower. Loan is repayable within 12 months to 15 months from the date of disbursment.

c. Fund based working capital loan and overdraft facility from banks are repayable on demand and is secured against Receivable or lien on fixed deposits and personal guarante of director.

d. Rate of Interest is ranging from 7.68% to 11.45% in respect of borrowings (b) & (c ) above.

e. The Company has complied with the requirements of filing statement of receivables with the bank and these statements were in agreement with the books of accounts during the year ended 31 March 2026 and year ended 31 March 2025

f. The Company has not been declared as a wilfull defaulter by any lender.

g. The Company has utilised the loans for the purpose for which it was availed.

h. The Company does not have any charges or satisfaction of charges which are yet to registered with the Registrar of Companies (ROC) beyond the statutory period

b) Terms/rights attached to equity shares

The Company has issued only one class of equity shares having a par value of Rs.2 per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividend in Indian rupees. The final dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.

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.

f) Employees Stock Option Scheme (ESOP)

The Company had instituted an Employee Stock Option Plan (“ESOP - 2017 or “the Scheme”) as approved by Board of Directors and Shareholders of the Company. Under the Scheme, 38,85,000 Stock Options were granted (Phase I: 37,00,000 & Phase II: 1,85,000) at a price of Rs. 7 per option to the employees of the Company. As per the scheme, 33%, 33% and 34% of the total grant vested at the end of every year from the original grant dates. The options vested were exercisable at any time within a period of one year from the date of vesting and the equity shares arising on exercise of options not subject to any lock in. The scheme has been discontinued during the 2021. Further, the Members of the Company had modified and amended the above ESOP - 2017 and subsequently the Company has granted 4,67,000 options and 11,75,580 options under phase III and phase IV respectively to its employees under the modified LKPS ESOP - 2017, from the lapsed/balance options at a price of Rs. 7 per option. As per the grant, 50% of the option vested after the expiry of 12 months and 50% of the option vested after the expiry of 24 months from the original date of grant. The options are exercisable at any time within a period of three years from the date of vesting and the equity shares arising on exercise of options were not be subject to any lock in. There are no Options outstanding under Phase III as on 31 March, 2024. In phase IV, 16,170 Options were exercised and 15,840 Options were lapsed during the year and 13,365 are outstanding as at 31 March 2026.

Further, the Company has granted 3,50,000 options under Phase V , 1,50,000 options under Phase VI & 8,28,000 options under Phase VII to its employees under the modified LKPS ESOP - 2017, at a price of Rs. 12 per option. As per the grant, 50% of the option shall vest after the expiry of 12 months and 50% of the option shall vest after the expiry of 24 months from the original date of grant. The options vested would be exercisable at any time within a period of three years from the date of vesting and the equity shares arising on exercise of options shall not be subject to any lock in. In Phase V, 15,000 Options were exercised and 20,000 options lapsed during the year, In Phase VI 50,000 Options were exercised and in Phase VII 2,85,000 Options were exercised and 1,00,000 options lapsed during the year. As at 31 March, 2026, there are 1,00,000 Options outstanding in Phase VI and 4,43,000 Options outstanding in Phase VII.

(d) The Company does not have any unrecorded transactions that have been surrenderred or disclosed as income during the year in the tax assessment under Income Tax Act, 1961.

31 Leases-short term

For short-term leases (lease term of 12 months or less) and leases of low-value assets , the Company has opted to recognise a lease expense on a straight-line basis as permitted by Ind AS 116. This expense is presented within note 29 ‘other expenses' forming part of the Financial Statements. Lease rentals of Rs.50.22 lakhs (2025- Rs.41.58 Lakhs) pertaining to short term leases and low value asset has been charged to statement of profit and loss.

(ii) Litigation

The Company has filed various cases for recovery of dues and suits are pending in various courts. The Company has engaged advocates to protect the interest of the Company and expects favourable decision.

(iii) Capital commitments

There are no capital commitments in current year as well as previous year.

(iv) No proceedings are initiated or pending against the Company for holding benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988).

34 Segment Informations

Disclosure under Indian Accounting Standard 108 - ‘Operating Segments' is not required as, in the opinion of the management, the entire business activity falls under one segment, viz., primarily engaged in equity,currency and commodity broking and its related activities. The Company conducts its business only in one Geographical Segment, viz., India.

36 Micro, small and medium enterprises

Trade payables and other payables include amount payable to Micro, Small and Medium Enterprises. Under the Micro, Small and Medium Enterprises Development Act, 2006, (MSMEDA) which came into force from 02 October, 2006, certain disclosures are required to be made relating to Micro, Small and Medium enterprises. On the basis of the information and records available with the management, the following disclosures are made for the amounts due to the Micro, Small and Medium enterprises, who have registered with the competent authorities.

The Company has compiled the relevent information from its suppliers about their coverage under the Mico, Small and Medium Enterperises Development Act, 2006 (MSMED Act).

37 Financial Instruments

i) Financial risk management objective and policies

The Company's principal financial liabilities, comprise debts and borrowings, trade and other payables. The main purpose of these financial liabilities is to finance the Company's operations. The Company's principal financial assets include investments, loans, trade receivables, other receivables, and cash and bank balances that derive directly from its operations.

The Company is exposed to market risk, credit risk and liquidity risk. The Company's management oversees the management of these risks.

a) Market risk:

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risk: interest rate risk, foreign currency risk and other price risk such as equity price risk. Financial instruments affected by market risk include loans and borrowings, deposits, other financial instruments.

1) Interest rate risk:

Interest rate risk can be either fair value interest rate risk or cash flow interest rate risk. Fair value interest rate risk is the risk of changes in fair value of fixed interest bearing investments because of fluctuations in the interest rates. Cash flow interest rate risk is the risk that future cash flows of floating interest bearing investments will vary because of fluctuations in interest rates.

The Company's exposure to the risk of changes in market interest rates relates primarily to the Company's loans from banks and Nonconvertible debentures, hence is not considered for calculation of interest rate sensitivity of the Company.

2) Foreign currency risk:

The Company enters into transactions in currency other than its functional currency and is therefore exposed to foreign currency risk. The Company analyses currency risk as to which balances outstanding in currency other than the functional currency of that Company. The management has taken a position not to hedge this currency risk.

The Company undertakes transactions denominated in foreign currencies, consequently, exposures to exchange rate fluctuations arise. Exchange rate exposures are not hedged considering the insignificant impact and period involved on such exposure.

The Company enters into transactions in currency other than its functional currency and is therefore exposed to foreign currency risk. The Company analysis currency risk as to which balances outstanding in currency other than the functional currency of that Company. The management has taken a position not to hedge this currency risk.

The Company undertakes transactions denominated in foreign currencies, consequently, exposures to exchange rate fluctuations arise. Exchange rate exposures are not hedged considering the insignificant impact and period involved on such exposure.

The Company does not have any foreign currency risk. Hence no sensitivity analysis is required

3) 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, deposits and loans given, investments and balances at bank.

Credit risk on cash and cash equivalents is limited as the Company generally invest in deposits with banks and financial institutions with high credit ratings assigned by credit rating agencies. Investments primarily include investment in equity shares, mutual funds and bonds.

Margin Trading Facilities (MTF)

MTF are secured by collateral. As per the Company's policy, MTF exposures that are fully covered by collateral and where interest obligations are serviced regularly are not considered overdue or in default. Accordingly, such exposures are not considered to have a significant increase in credit risk for ECL assessment purpose.

Trade receivables

The Company applies simplified approach to measure expected credit losses which uses a lifetime expected loss allowance (ECL) for all trade receivables as per IND AS 109.

The application of simplified approach does not require the Company to track changes in credit risk. Rather, it recognises impairment loss allowance based on lifetime ECLs at each reporting date, right from its initial recognition.

To measure the expected credit losses, trade receivables have been grouped based on credit risk characteristics as follows:

- Receivables from Brokerage services (Secured by collaterals mainly in the form of Securities of listed companies)

- Receivables from Depository services (Secured by collaterals mainly in the form of Securities of listed companies)

- Other receivables

Receivables from brokerage and depository services:

The Company services a large customer base having similar credit risk characteristics. Receivables from brokerage and depository services are substantially secured through collateral maintained in customer accounts. Receivables not supported by adequate collateral and outstanding for more than 90 days in case of receivable from brokerage services and outstanding for more than 30 days in case of receivables from depository services are assessed for impairment and Expected Credit Loss (ECL) is recognised based on management's estimate of recoverability, including the status of recovery and legal proceedings, where applicable

Other receivables

Other receivables lying for more than 180 days are assessed for impairment at each reporting date and Expected Credit Loss (ECL) is recognised based on management's estimate of recoverability, including the status of recovery and legal proceedings, where applicable.

b) Liquidity Risk:

Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The Company's principal source of liquidity are cash and cash equivalents and the cash flow i.e. generated from operations. The Company consistently generated strong cash flows from operations which together with the available cash and cash equivalents and current investment provides adequate liquidity in short terms as well in the long term.

ii) Capital Management

For the purpose of Company's capital management, capital includes issued capital and other equity reserves. The primary objective of the Company's Capital Management is to maximize shareholder value. The Company manages its capital structure and makes adjustments in the light of changes in economic environment and the requirements of the financial covenants.

The management assessed that cash and cash equivalents and bank balances, trade receivables, other financial assets, certain investments, trade payables and other current liabilities approximate their fair value largely due to the short-term maturities of these instruments. Difference between carrying amount and fair value of bank deposits, other financial assets, other financial liabilities and borrowings subsequently measured at amortised cost is not significant in each of the year presented.

38 Fair Value Hierarchy :

- Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities.

- Level 2: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly (i.e. prices) or indirectly (i.e. derived from prices).

- Level 3: inputs for the asset or liability that are not based on observable market data (unobservable inputs).

If the inputs used to measure the fair value of an asset or a liability fall into different levels of a fair value hierarchy, then the fair value measurement is categorized in its entirety in the same level of the fair value hierarchy as the lowest level input that is significant to the entire measurement.

The Following table provides the fair value measurement hierarchy of the Company's assets and liabilities.

Financial assets not measured at fair value includes 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 trade payables and other financial liabilities are not measured at FVTPL, whose carrying amounts approximate fair value, because of their short-term nature.

39 Gratuity and other post employment benefit plans

The disclosures of employee benefits as defined in the Ind AS 19 ’’Employee Benefits” are given below:

The gratuity plan is a funded plan and the Company makes contributions to recognised funds in India. The details of post retirement gratuity plan are as follows:

(a) The estimate of future salary increases considered in the actuarial valuation takes into account the rate of inflation, seniority, promotion and other relevant factors, such as supply and demand in the employment market.

(b) Effective 21 November 2025, the Government of India notified the 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 Ministry of Labour & Employment has published draft Central Rules and FAQs on 30 December 2025 to facilitate assessment of the financial Impact arising from these regulatory changes. Under IND AS 19, "Employee Benefits", changes to employee benefit plans arising from the New Labour Codes constitute plan amendments and they are requIred to be treated as past servIce costs and recognised as an expense in the statement of profit and loss. Accordingly, the New Labour Codes has resulted in an estimated increase in provision for employee benefits of Rs.46.56 lakhs and the same has been recognized under the head 'Employee Benefit Expenses' in the year ended 31 March 2026. The Company continues to monitor the finalization of Central/State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting treatment on the basis of such developments, as needed.

49 Information required under Section 186(4) of the Companies Act, 2013

a) There are no loans given, guarantee given and securities provided during the year except loan to staff and margin trading funding as disclosed in notes.

b) There are no investments made other than disclosed in Note 6.

50 During the previous year, the Company sold its immovable property, which has been classified as non-current assets (NCA) held for sale in accordance with Ind AS 105 “Non-Current Assets Held for Sale and Discontinued Operations.” The sale is made to a related party, based on valuation report by an independent valuer, and approved by the shareholders through a postal ballot resolution passed on 30 March 2024. Net gain of Rs. 422.96 lakhs on sale of NCA has been recognised in note 23 "Other income" in the Statement of profit and loss.

52 The Company has not traded or invested in crypto currency or Virtual currency during the year.

53 During the year, the Company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person or entity including foreign entities (intermediaries) with the understanding (whether recorded in writing or otherwise) that the intermediary shall (i) directly or indirectly lend or invest in other person or entities identified in any manner whatsoever by or on behalf of Company (ultimate beneficiaries) or (ii) provide any guarantee, security or the like to or behalf of the ultimate beneficiaries.

54 The Company has not received any fund from any person(s) or entity(ies) including foreign entities (funding party) with the understanding (ehether recorded in writing or otherwise) that the Company shall (i) directly or indirectly lender invest in any manner whatsoever by or on behalf of the funding party (ultimate beneficiaries) or (ii) provide any guarantee, security or the to or behalf of the (ultimate beneficiaries) or (iii) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

55 Additional regulatory information required under (WB) (xvi) of Division III of Schedule III amendment, disclosure of ratios, is 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.

57 Prior Year Comparatives

Previous year's figures have been regrouped / reclassified/rearranged wherever necessary to correspond with the current year's classifications / disclosures. Figures in brackets pertain to previous year.