• Provisions, Contingent Liabilities and Contingent Assets

A provision is recognized in the accounts when there is a present obligation as a result of past event(s) and it is
probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable
estimate can be made. Provisions are determined based on best management estimate required to settle the
obligation as on the date of balance sheet. These are reviewed at each balance sheet date and adjusted to
reflect the current best management estimates. Contingent Liabilities are not recognised but are disclosed in the
Notes. Contingent Assets are neither recognised nor disclosed in the financial statements.

• Impairment of Financial Assets

Investment in Subsidiary:

The core principle in IAS 36 is that an asset must not be carried in the financial statements at more than the
highest amount to be recovered through its use or sale. If the carrying amount exceeds the recoverable amount,
the asset is described as impaired. The entity must reduce the carrying amount of the asset to its recoverable

The core principle in IAS 36 is that an asset must not be carried in the financial statements at more than the
highest amount to be recovered through its use or sale. If the carrying amount exceeds the recoverable amount,
the asset is described as impaired. The entity must reduce the carrying amount of the asset to its recoverable
amount, and recognise that difference as an impairment loss.

18.4 Rights, Preferences and Restrictions attached to Shares :

Equity Shares: The Company has one class of equity shares having a par value of ^10 each. Each shareholder is
eligible for one vote per share held. If any dividend is proposed by the Board of Directors, it shall be subject to
the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. 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.

Nature & Purpose

(A) 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, however the same is not required to be
created under Companies Act, 2013. This reserve can be utilised only in accordance with the specified
requirements of Companies Act, 2013.

(B) . Securities Premium

Securities premium is used to record the premium received on issue of shares. The reserve can be utilised only
for limited purposes in accordance with the provisions of the Companies Act, 2013.

(C) Profit and Loss Account/ Retained earnings

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

(D) Convertible Warrants

During the year the Company has issued 10,00,000 Convertible Warrants and has complied with Section 42 & 62
of the Companies Act, 2013 and SEBI (ICDR) Regulation, 2018 along with other rules, regulations, circulars and
guidelines. The money received on the said warrants have been utilised for the purposes it is raised. The said
warrants will be converted into 1 (One) equity share each on the receipt of full amount on or before the expiry of
18 months from the date of allotment.

Note: 27: Contingent Liabilities and Commitments

i) Counter Guarantees given for the Bank Guarantees issued by the Bank of India for ^ 113.75 Lacs (P.Y. ^ 113.75 Lacs)
in favour of Clearing Corporation, Clearing Member, Stock Exchanges etc. Margin by way of Bank fixed deposits of ^
65.32 Lacs (P.Y. ^ 64.44 Lacs) is given to the bank against the said Bank Guarantees.

ii) In consideration with concept of prudence, no contingent assets are recognized.

Note: 28

Shares (inventory) worth ^ 13.21 Lacs (P.Y. ^ 16.19 Lacs) were pledged with Clearing Member towards margins for
Futures & Options segment as on 31st March, 2025. However, there was no open position as on 31^st March, 2025
hence, the margin was Nil.

Note: 29

Some of the balances of Sundry Debtors, Creditors and Loans and Advances are subject to confirmation and
reconciliation, if any.

Note: 30

Related Party Disclosure: - Related Party transactions during the year:-

Notes:

1) The figures in bracket represent amount of corresponding previous year.

2) Inter Company reimbursement of some common expenses incurred in the ordinary course of business have
not been included in the above.

Note: 31

Information about foreign currency earnings and outgo:-

CIF value of Imports, Expenditure & Earning in foreign exchange: -

Consultancy Fees Income: ^ NIL (P.Y. ^4,62,303/-)

Foreign Travel Expenses: ^ 6,31,112/- (P.Y. ^ 2,50,278/-)

Note: 32

Previous year's figures have been re-grouped/re-classified/re-arranged to correspond with the current year's
classification/disclosure.

As per our report of even date attached.

For Bhatter & Co. For and on behalf of the Board Of Directors

Chartered Accountants

FRN: 131092W Sd/- Sd/-

Ashok Ajmera Ankit Ajmera

Sd/- CEO & Managing Director CFO & Executive Director

D. H. Bhatter DIN: 00812092 DIN: 00200434

(Proprietor)

Mem. No.:016937

UDIN : 25016937BMISXU7720 Sd/-

Place: Mumbai Kaushal Shukla

Date: 29.05.2025 Company Secretary

ICSI M. No.: A39234