1.11 Provisions and contingencies:

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is
probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable
estimate can be made of the amount of the obligation. Provisions are measured at the best estimate of the expenditure
required to settle the present obligation at the reporting date.

Provisions are determined by discounting the expected future cash flows (representing the best estimate of the
expenditure required to settle the present obligation at the balance sheet date) at a pre-tax rate that reflects current
market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is
recognized as finance cost. Expected future operating losses are not provided for.

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be
confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of
the Company or a present obligation that arises from past events where it is either not probable that an outflow of resources

will be required to settle the obligation or a reliable estimate of the amount cannot be made. Contingent assets are not
recognised in financial statements since this may result in the recognition of income that may never be realised. However,
when the realisation of income is virtually certain, then the related asset is not a contingent asset and its recognition is
appropriate. Where an inflow of economic benefits is probable, the Company discloses a brief description of the nature of the
contingent assets at the end of the reporting period, and, where practicable, an estimate of their financial effect, measured
using the principles set out for provisions in Ind AS 37.

1.12 Employee benefits

(i) Short-term obligations

Short-term employee benefits are recognized as an expense at the undiscounted amount in the Statement of Profit
and Loss for the year in which the related services are rendered. The Company recognises the costs of bonus payments
when it has a present obligation to make such payments as a result of past events and a reliable estimate of the
obligation can be made.

(ii) Post-employment obligations
Defined contribution plan:

Contribution paid/payable to the recognised provident fund and Employee State Insurance Corporation, which is a
defined contribution scheme, is charged to the Statement of Profit and Loss in the period in which they occur.

Defined benefits plan :

Gratuity is post-employment benefit and is in the nature of defined benefit plan. The liability recognised in the Balance
Sheet in respect of gratuity is the present value of defined benefit obligation at the Balance Sheet date together with
the adjustments for unrecognised actuarial gain or losses and the past service costs. The defined benefit obligation is
calculated at or near the Balance Sheet date by an independent actuary using the projected unit credit method.
Actuarial gains and losses comprise experience adjustment and the effects of changes in actuarial assumptions are
recognized in the period in which they occur, directly in other comprehensive income in the period in which they occur
and are not reclassified to the Statement of Profit and Loss.

The Company has funded its Gratuity liability under Company scheme with an Insurer. The retirement benefit obligation
recognised in the balance sheet represents the present value of the defined benefit obligations reduced by the fair
value of the scheme assets. Any asset resulting from this calculation is limited to the present value of any economic
benefits available in the form of refunds from the plans or reductions in future contributions to the scheme.

1.13 Foreign currency translation

(i) Functional and presentation currency

Items included in financial statements of the Company are measured using the currency of the primary economic
environment in which the Company operates ('the functional currency'). The financial statements are presented in
Indian rupee (INR) in lakhs rounded off to two decimal places except when otherwise stated as permitted by Schedule III
to the Companies Act, 2013, which is Company's functional and presentation currency.

(ii) Translation and balances

Foreign currency transactions are translated into the functional currency using the exchange rates at the dates of the
transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the
translation of monetary assets and liabilities denominated in foreign currencies at year end exchange rates are
recognized in profit or loss.

(iii) Translation of subsidiaries

All income and expense items are converted at the average rate of exchange applicable for the period. All assets and
liabilities are translated at the closing rate as on the balance sheet date.

1.14 Dividend Distribution :

Provision is made for the amount of any dividend declared, being appropriately authorized and no longer at the discretion of
the entity, on or before the end of the reporting period but not distributed at the end of the reporting period.

1.15 Earnings per share

a) Basic earnings per share

Basic earnings per share is calculated by dividing the net profit for the period (excluding other comprehensive income)
attributable to equity share holders of the Company by the weighted average number of equity shares outstanding
during the financial year, adjusted for bonus element in equity shares issued during the year.

b) Diluted earnings per share

Diluted earnings per share is computed by dividing the net profit for the period (excluding other comprehensive income)

attributable to equity shareholders by the weighted average number of shares outstanding during the period as
adjusted for the effects of all diluted potential equity shares except where the results are anti-dilutive. Further, when a
subsidiary issue the potential ordinary shares that are convertible into the ordinary shares of the subsidiary, to parties
other than the parent and if these potential ordinary shares of the subsidiary have a dilutive effect on the basic earnings
per share of the reporting entity, they are included in the calculation of diluted earnings per share.

1.16 Borrowing Costs

Expenses related to borrowing cost are accounted using effective interest rate. Borrowing costs are interest and other costs
(including exchange differences relating to foreign currency borrowings to the extent that they are regarded as an
adjustment to interest costs) incurred in connection with the borrowing of funds. Borrowing costs directly attributable to
acquisition or construction of an asset which necessarily take a substantial period of time to get ready for their intended use
are capitalised as part of the cost of that asset. Other borrowing costs are recognised as an expense in the period in which
they are incurred.

1.17 Segment Reporting

An operating segment is a component of the Company that engages in business activities from which it may earn revenues
and incur expenses, whose operating results are regularly reviewed by the company's Chief Operating Decision Maker
("CODM") to make decisions for which discrete financial information is available. Based on the management approach as
defined in Ind AS 108, the CODM evaluates the Company's performance and allocates resources based on an analysis of
various performance indicators by business segments and geographic segments.

1.18 Rounding of amounts

All amounts disclosed in the financial statements and notes have been rounded off to the nearest lakhs as per the
requirements.

1.19 Events after reporting date

Where events occurring after the balance sheet date provide evidence of conditions that existed at the end of the reporting
period, the impact of such events is adjusted within the financial statements. Otherwise, events after the balance sheet date
of material size or nature are only disclosed.

2A. Key accounting estimates and judgements

The preparation of financial statements requires management to make judgments, estimates and assumptions in the
application of accounting policies that affect the reported amounts of assets, liabilities, income and expenses. Actual results
may differ from these estimates. Estimates and underlying assumptions are reviewed on ongoing basis. Any changes to
accounting estimates are recognized prospectively.

Information about critical judgments in applying accounting policies, as well as estimates and assumptions that have the
most significant effect on the amounts recognised in the financial statements are included in the following notes:

(a) Provision and contingent liability:

On an ongoing basis, Company reviews pending cases, claims by third parties and other contingencies. For contingent
losses that are considered probable, an estimated loss is recorded as an accrual in financial statements. Loss
Contingencies that are considered possible are not provided for but disclosed as Contingent liabilities in the financial
statements. Contingencies the likelihood of which is remote are not disclosed in the financial statements. Gain
contingencies are not recognized until the contingency has been resolved and amounts are received or receivable.

(b) Allowance for impairment of financial asset:

Judgements are required in assessing the recoverability of overdue and determining whether a provision against
those is required. Factors considered include the ageing of past dues, value of collateral and any possible actions that
can be taken to mitigate the risk of non-payment.

(c) Recognition of deferred tax assets:

Deferred tax assets are recognized for unused tax-loss carry forwards and unused tax credits to the extent that
realization of the related tax benefit is probable. The assessment of the probability with regard to the realization of the
tax benefit involves assumptions based on the history of the entity and budgeted data for the future.

(d) Defined benefit plans:

The cost of defined benefit plans and the present value of the defined benefit obligations are based on actuarial
valuation using the projected unit credit method. An actuarial valuation involves making various assumptions that may
differ from actual developments in the future. These include the determination of the discount rate, future salary
increases and mortality rates. Due to the complexities involved in the valuation and its long - term nature, a defined
benefit obligation is highly sensitive to changes in these assumptions. All assumptions are reviewed at each reporting
date.

(e) Property, plant and equipment and Intangible Assets:

Management reviews the estimated useful lives and residual values of the assets annually in order to determine the
amount of depreciation to be recorded during any reporting period. The useful lives and residual values as per schedule
II of the Companies Act, 2013 or are based on the Company's historical experience with similar assets and taking into
account anticipated technological changes, whichever is more appropriate.

(f) Business Model assessment:

Classification and measurement of financial assets depends on the results of the business model test. The Company
determines the business model at a level that reflects how Company's financial assets are managed together to
achieve a particular business objective. This assessment includes judgement reflecting all relevant evidence including
how the performance of the assets is evaluated and their performance measured, the risks that affect the performance
of the assets and how these are managed and how the managers of the assets are compensated. The Company
considers the frequency, volume and timing of sales in prior years, the reason for such sales, and its expectations about
future sales activity. However, information about sales activity is not considered in isolation, but as part of a holistic
assessment of how company's stated objective for managing the financial assets is achieved and how cash flows are
realized. Therefore, the Company considers information about past sales in the context of the reasons for those sales,
and the conditions that existed at that time as compared to current conditions.

Monitoring is part of the Company's continuous assessment of whether the business model for which the remaining
financial assets are held continues to be appropriate and if it is not appropriate whether there has been a change in
business model and so a prospective change to the classification of those assets.

(i) De-recognition of financial instruments - In case of transfer of loans through securitization and direct assignment
transactions, the transferred loans are de-recognized and gains/losses are accounted for, only if the Company
transfers substantially all risks and rewards specified in the underlying assigned loan contract. In accordance with
the Ind AS 109, on de-recognition of a financial asset under assigned transactions, the difference between the
carrying amount and the consideration received are recognized in the statement of Profit and Loss .

4. Recent Accounting developments

The Ministry of Corporate Affairs ("MCA") has notified the Companies (Indian Accounting Standards) Amendment Rules,2025,
amending certain Indian Accounting Standards (Ind AS), which are effective from 1 April 2025. The Company has evaluated
these amendments and concluded that they do not have a material impact on its financial statements or material accounting
policy information.

The amendments to Ind AS 12 - Income Taxes relate to the OECD Pillar Two global minimum tax rules. The Company has
assessed these amendments and concluded that they do not have any impact on its financial statements.

The amendments to Ind AS 21 - The Effects of Changes in Foreign Exchange Rates introduce a framework for situations
involving non-exchangeable currencies, requiring entities to assess exchangeability and estimate spot exchange rates when
exchangeability is lacking. Additional disclosures are also required for currencies subject to exchange restrictions.The
Company has assessed these amendments and noted that they do not have any impact on its financial statements.

The amendments to Ind AS 1 - Presentation of Financial Statements clarify the principles for classifying liabilities as current or
non-current, including the treatment of covenant breaches and related disclosure requirements. The Company has
evaluated these amendments and determined that they do not have a significant impact on its financial statements.

The amendments to Ind AS 7 - Statement of Cash Flows and Ind AS 107 - Financial Instruments: Disclosures require enhanced
disclosures relating to supplier finance arrangements, including their terms and conditions, outstanding balances, and
associated liquidity risk considerations. As the Company does not have any material supplier finance arrangements, these
amendments do not have any impact on its financial statements.

The amendments to Ind AS 101 - First-time Adoption of Indian Accounting Standards require additional disclosures for
entities operating in hyperinflationary environments and provide transitional relief relating to lease classification under Ind
AS 116. Since the Company is not a first-time adopter of Ind AS, these amendments are not applicable.

The amendments to Ind AS 115 - Revenue from Contracts with Customers involve technical updates to replace outdated
references to superseded standards. These amendments do not have any impact on the Company's financial statements
The amendments to Ind AS 116 - Leases provide transitional relief for lease arrangements involving land and building
components, permitting classification based on facts and circumstances existing at the date of transition. These
amendments are not applicable to the Company.

20.1 Terms/rights attached to shares

The company has one class of equity shares having a par value of Rs.10 each. Each shareholder is eligible for one vote per share
held. The 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, the equity shareholders are eligible to receive the remaining assets of the
Company after distribution of all preferential amounts, in proportion to their shareholding.

The final dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual
General Meeting.

31 March 2025. The Company believes that this disaggregation best depicts how the nature, amount, timing and
uncertainty of revenue and cash flows are affected by market and other economic factors.

Nature of Services

(a) Broking Income - Income from services rendered as a broker is recognized upon rendering of the services, in
accordance with the terms of contract.

(b) Interest Income - Interest is earned on delayed payments from clients and amounts funded to them as well as loans
as well as term deposits with banks. Interest income is recognized on a time proportion basis taking into account
the amount outstanding from customers or on the financial instrument and the rate applicable.

(c) Depository Income-Income from services rendered on behalf of depository is recognized upon rendering of the
services, in accordance with the terms of contract.

Nature, timing of satisfaction of the performance obligation and significant payment term:

(i) Income from services rendered as a broker is recognized upon rendering of the services.

(ii) Commissions from distribution of financial products are recognized upon allotment of the securities to the applicant or
as the case may be, on issue of the insurance policy to the applicant.

(iii) Interest is earned on delayed payments from clients and amounts funded to them as well as term deposits with banks.

(iv) Interest income is recognized on a time proportion basis taking into account the amount outstanding from customers
or on the financial instrument and the rate applicable

(v) Income from services rendered on behalf of depository is recognized upon rendering of the services, in accordance
with the terms of contract.

The above services are point in time in nature, and no performance obligation remains once the transaction is executed
36 EMPLOYEE BENEFITS

The Company contributes to the following post-employment defined benefit plans

(a) Defined Contribution Plans

Contribution paid/payable to the recognized provident fund and Employee State Insurance Corporation, which is a
defined contribution scheme, is charged to the Statement of Profit and Loss in the period in which they occur.

(b) Defined Benefit Plan :

Gratuity is post-employment benefit and is in the nature of defined benefit plan. The liability recognized in the Balance
Sheet in respect of gratuity is the present value of defined benefit obligation at the Balance Sheet date together with
the adjustments for unrecognized actuarial gain or losses and the past service costs. The defined benefit obligation is
calculated at or near the Balance Sheet date by an independent actuary using the projected unit credit method.
Actuarial gains and losses comprise experience adjustment and the effects of changes in actuarial assumptions are
recognized in the period in which they occur, directly in other comprehensive income. They are included in retained
earnings in the statement of changes in equity and in the balance sheet.

38 The Company had entered into a lease agreement for its Thane branch for a period of five years, with the lease term
scheduled to expire on 4 October 2029. However, pursuant to management's decision to discontinue operations at the
branch, the Thane branch was closed in March 2026.

Accordingly, the lease arrangement has been reassessed under the requirements of Ind AS 116 - Leases. Considering that
the branch operations have ceased and the lease term is no longer expected to continue as originally envisaged, the lease
has been treated as a short-term lease for accounting purposes.

Consequently, no lease liability or right-of-use (ROU) asset has been recognized in the balance sheet, and lease payments,
if any, are recognized as an expense in the statement of profit and loss in accordance with the provisions applicable to
short-term leases under Ind AS 116.

39 Additional Regulatory Information as per Companies Act, 2013

1. The title deeds, comprising all the immovable properties are held in the name of company and no immovable property is
jointly held with others

2. The company has not revalued its Property, Plant and Equipment and Intangible Assets

3. No proceeding have been initiated or are pending against the company for holding any benami property under the
Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.

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

5. The company is not declared willful defaulter by any bank or financial Institution or other lender.

6. The company has not entered into transactions with companies struck off under section 248 of the Companies Act, 2013
or section 560 of Companies Act, 1956.

7. The company has not applied for any Scheme of Arrangements in terms of sections 230 to 237 of the Companies Act, 2013

8. Utilization of Borrowed funds:

(a) No funds have been advanced or loaned or invested (either from borrowed funds or any other sources or kind of funds)
by the company 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, whether, 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) 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, whether, 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 provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries."

9. The Company has not used the borrowings from banks and financial institutions for the purpose other than for which it
was taken.

10. The Company has no transactions relating to previously unrecorded income that have been surrendered or disclosed as
income during the year in the tax assessments under the Income Tax Act, 1961 (43 of 1961).

40 Disclosure relating to various ratios

Additional regulatory information required under clause (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.

Level 1: Category include financial assets and liabilities that are measured in whole or significantly part by reference to
published quotes in an active market.

Level 2: Category include financial assets and liabilities that are measured using a valuation technique based on assumptions
that are supported by prices from observable current market transactions.

Level 3: Category include financial assets and liabilities that are measured using valuation technique based on non-market
observable inputs. This means that fair value are determined in whole or in part using a valuation model based on
assumptions that are neither supported by prices from observable current market transactions in the same
instrument nor are they based on available market data.

2. Financial instruments not measured at fair value

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.

42 Financial risk management

Company has operations in India. Whilst risk is inherent in the Company's activities, it is managed through an integrated risk
management framework, including on-going identification, measurement and monitoring, subject to risk limits and other
controls. This process of risk management is critical to the Company's continuing profitability and each individual within the
Company is accountable for the risk exposures relating to his or her responsibilities. The Company is exposed to credit risk,
liquidity risk and market risk. It is also subject to various operating and business risks.

A. Credit risk

Credit risk is the risk that the Company will incur a loss because its customers or counterparties fail to discharge their
contractual obligation. The Company manages and controls credit risk by setting limits on the amount of risk it is willing to
accept for individual counterparties, and by monitoring exposures in relations to such limits

The maximum exposure to credit risk for each class of financial instruments is the carrying amount of that class of financial
instruments presented in the financial statements. The Company's major classes of financial assets are cash and cash
equivalents, loans, investment in mutual fund units, term deposits, trade receivables and security deposits.

Deposits with banks are considered to have negligible risk or nil risk, as they are maintained with high rate banks/financial
institutions as approved by the Board of directors.

Investments primarily include investment in liquid mutual fund units that are marketable securities of eligible financial
institutions for a specified time period with high credit rating given by domestic credit rating agencies.

The management has established accounts receivable policy under which customer accounts are regularly monitored. The
Company has a dedicated risk management team, which monitors the positions, exposures and margins on a continuous
basis.

The financial instruments covered within the scope of ECL include financial assets measured at amortized cost such as trade
receivables and loans.

Trade Receivables :

The Company applies the Ind AS 109 Simplified approach for trade receivables which requires expected lifetime losses to be
recognized

Inputs considered in the ECL model

In assessing the impairment of financial assets under Expected Credit Loss (ECL) Model, the assets have been segmented into
three stages. The three stages reflect the general pattern of credit deterioration of a financial instrument. The differences in
accounting between stages, relate to the recognition of expected credit losses.

Stage 1 : Trade receivable for which credit risk has not increased significantly and that are also not credit impaired
Stage 2 : Trade receivable for which credit risk has increased significantly but not credit impaired
Stage 3 : Trade receivable for which credit risk has increased significantly and are credit impaired

Loans:

Loans includes Margin Trading Facility(MTF), Loans to staff and loans to subsidiaries for which staged approach is taken into
consideration for determination of ECL.

Stage 1.

All positions in the MTF loan book are considered as stage 1 asset for computation of expected credit loss. For exposures where
there has not been a significant increase in credit risk since initial recognition and that is not credit impaired upon origination.
Margin trading facility, Loans to subsidiaries and loans to staff are considered in stage 1 for determination of ECL. Exposure to
credit risk in stage 1 is computed considering historical probability of default, market movements and macro-economic
environment.

Margin trading facilities are secured by collaterals. As per policy of the Company, margin trading facilities to the extent covered
by collateral and servicing interest on a regular basis is not considered as due/default. Accounts becoming due/default are

fully written off as bad debt against respective receivables and the amount of 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 as bad debts
recovered.

Stage 2.

Exposures under stage 2 include overdues up to 90 days pertaining to principal amount, interest and any other charges on the
MTF loan book which are unsecured. While arriving at the secured position of the client, management would also consider
balance in client's family accounts, securities in other segment and collaterals in form other than the securities while
considering the secured position of the client. At each reporting date, the Company assesses whether there has been a
significant increase in credit risk for financial assets since initial recognition. In determining whether credit risk has increased
significantly since initial recognition, the Company uses days past due information and other qualitative factors to assess
deterioration in credit quality of a financial asset.

For credit exposures where there has been a significant increase in credit risk since initial recognition but that are not credit
impaired, a lifetime ECL is recognized.

Stage 3

Exposures under stage 3 include overdues past 90 days pertaining to principal amount, interest and any other charges on MTF
loan book which are unsecured.

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 to close out market positions.

Ultimate responsibility for liquidity risk management rests with the board of directors, for the management of the Company's
short, medium and long-term funding and liquidity management requirements. The Company manages liquidity risk by
maintaining adequate reserves, banking facilities and reserve borrowing facilities, by continuously monitoring forecast and
actual cash flows, and by matching the maturity profiles of financial assets and liabilities.

C. Market risk

Market Risk is the risk that the fair value or future cash flows of financial instruments will fluctuate due to changes in market
variables such as interest rates, foreign exchange rates, etc. The objective of market risk management is to manage and
control market risk exposures within acceptable parameters, while maximizing the return.

(i) Currency risk

Currency Risk is the risk that the value of a financial instrument will fluctuate due to changes in foreign exchange rates. The
company's all transactions are denominated in Indian rupees only. Hence, the Company is not significantly exposed to
currency rate risk.

(ii) Interest rate risk

Interest rate risk arises from movements in interest rates which could have effects on the Company's net income or financial
position. Changes in interest rates may cause variations in interest income and expenses resulting from interest-bearing
assets and liabilities. Interest rate risk is the risk that the fair value or the future cash flows of a financial instrument will
fluctuate because of changes in market interest rates.

The Company's exposure to interest rate risk relates to the loans taken from banks, investment in term deposits placed with
banks, investment in debt securities and investments of its excess funds in liquid instruments. A majority of the financing of
the Company has come from overdraft facility with banks. The business of the Company is exposed to fluctuation in interest
rate for the following activities:

(i) Term deposits placed with banks are generally for short term on fixed interest rates

(ii) Facilities availed from banks and other financial institutions generally include short term working capital loans on floating
interest rates

Management of Interest Rate Risk

Interest rate risk is managed principally through monitoring interest rate gaps and by having pre-approved limits for re¬
pricing bands. However the Company does not use derivative financial instruments to hedge its interest rate risk.

The Company's investments in majority of term deposits with banks are for both short and long duration, and therefore do not
expose the Company to significant interest rate risk. The interest rates on the overdraft facility availed are marginally higher
than the interest rates on term deposits with the banks and generally linked to the term deposit rates with the
bank.Accordingly, there is limited interest rate risk exposure on the company.

The Company's exposure to the risk of changes in market interest rates relates primarily to the Company's short-term and
longterm debt obligations with floating / fixed interest rates, which are included in loans and borrowings. The loans and
borrowings represent loans and borrowing taken both fixed and floating interest rate.

(iii) Market price risks

The Company is exposed to market price risk, which arises from FVTPL investments. The management monitors the
proportion of these investments in its investment portfolio based on market indices. Material investments within the portfolio
are managed on an individual basis and all buy and sell decisions are approved by the appropriate authority

43 Capital Management
Risk management

The Company's objectives when managing capital are to safeguard their ability to continue as a going concern, so that they
can continue to provide returns for shareholders and benefits for other stakeholders, and maintain an optimal capital
structure to reduce the cost of capital.

45 Operating Segment

The Company determines Operating Segments as components of an entity for which discrete financial information is available
that is evaluated regularly by the chief operating decision-maker (CODM), in deciding how to allocate resources and assessing
performance. The Company's activities revolve around the distribution of Financial Products i.e. Mutual Funds, Bonds,
Insurance, Stock Broking and allied services, etc. Various financial products are aggregated into one reportable segment being
agency nature of the business under "Fees and Commission" in accordance with aggregation criteria. Aggregation is done due
to the similarities of the products and services provided to the customer and similarities in the method used to provide
services. Considering the nature of the Company's business, as well as based on reviews by CODM to make decisions about
resource allocation and performance measurement, there is only one reportable segment in accordance with the
requirements of Ind AS - 108 -''Operating Segments'', prescribed under Companies (Indian Accounting Standards) Rules, 2015.

Note 1: The Ministry of Corporate Affairs has notified Section 135 of the Companies Act, 2013 on Corporate Social
Responsibility with effect from 1 April 2014. As per the provisions of the said section, the Company has undertaken the
following CSR initiatives during the financial year 2025-26. CSR initiatives majorly includes supporting under privileged in
education, medical treatments, etc. and various other charitable and noble aids.

47 Events after Reporting Date

There were no significant events after the end of the reporting period which require any adjustment or disclosure in the
financial statements.

48 Previous year figures have been regrouped/reclassified wherever necessary.