e) Provisions and Contingent Liabilities

Provisions are recognised when the Company has a present obligation as a result of a past event, for which
it is probable that a cash outflow will be required and a reliable estimate can be made of the amount of the
obligation. Contingent liabilities are disclosed when the Company has a possible obligation or a present
obligation and it is probable that a cash outflow will not be required to settle the obligation. Provisions &
Contingent Liabilities are revalued at each Balance Sheet date.

BRIDGE SECURITIES LIMITED

Notes to financial statements for the year ended March 31, 2025
All amounts are in Lacs unless otherwise stated

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.

f) Inventories

The inventories are valued at cost or net realisable value whichever is lower. The Cost is calculated on
weighted average method. Cost comprises expenditure incurred in the normal course of business in
bringing such inventories to its location.

g) Borrowing Costs

Borrowing costs directly attributable to the acquisition, construction or production of an asset that
necessarily takes a substantial period of time to get ready for its intended use or sale are capitalised as part
of the cost of the asset. All other borrowing costs are expensed in the period in which they occur. Borrowing
costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds.
Borrowing cost also includes exchange differences to the extent regarded as an adjustment to the
borrowing costs.

h) Income Taxes

Income tax expense is recognized in the Statement of Profit & Loss except to the extent that it relates to
items recognized directly in equity, in which case it is recognized in other comprehensive income. Provision
for current tax is made at the current tax rates based on assessable income.

Deferred income tax assets and liabilities are recognized for all temporary differences arising between the
tax bases of assets and liabilities and their carrying amounts in the Financial Statements except when the
deferred income tax arises from the initial recognition of goodwill or an asset or liability in a transaction
that is not a business combination and affects neither accounting nor taxable profit or loss at the time of
the transaction. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that
it is no longer probable that the related tax benefit will be realized.

Deferred income tax assets and liabilities are measured using tax rates and tax laws that have been enacted
or substantively enacted by the Balance Sheet date and are expected to apply to taxable income in the
years in which those temporary differences are expected to be recovered or settled. The effect of changes
in tax rates on deferred income tax assets and liabilities is recognized as income or expense in the period
that includes the enactment or the substantive enactment date. A deferred income tax asset is recognized
to the extent that it is probable that future taxable profit will be available against which the deductible
temporary differences and tax losses can be utilized. Deferred income taxes are not provided on the
undistributed earnings of subsidiaries and branches where it is expected that the earnings of the subsidiary
or branch will not be distributed in the foreseeable future. The Company offsets current tax assets and
current tax liabilities, where it has a legally enforceable right to set off the recognized amounts and where it
intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously.

BRIDGE SECURITIES LIMITED

Notes to financial statements for the year ended March 31, 2025
All amounts are in Lacs unless otherwise stated

i) Cash and cash equivalents

Cash and cash equivalent in the balance sheet comprise cash at banks and on hand and short-term deposits
with an original maturity of three months or less, which are subject to an insignificant risk of changes in
value.

For the purpose of the consolidated statement of cash flows, cash and cash equivalents consist of cash and
short-term deposits, as defined above, net of outstanding bank overdrafts as they are considered an
integral part of the Company's cash management.

j) Earnings Per Share:

Basic earnings per share is computed by dividing the net profit for the period attributable to the equity
shareholders of the Company by the weighted average number of equity shares outstanding during the period.
The weighted average number of equity shares outstanding during the period is adjusted for events such as
bonus issue, bonus element in a rights issue, share split, and reverse share split (consolidation of shares) that
have changed the number of equity shares outstanding, without a corresponding change in resources.

k) Current and non-current classification

The Company presents assets and liabilities in the Balance Sheet based on current/non-current
classification.

An asset is classified as current when it is:

a) expected to be realized or intended to be sold or consumed in the normal operating cycle,

b) held primarily for the purpose of trading,

c) expected to be realized within twelve months after the reporting period, or

d) cash or cash equivalents unless restricted from being exchanged or used to settle a liability for at least
twelve months after the reporting period.

A liability is classified as current when:

a) it is expected to be settled in the normal operating cycle,

b) it is due to be settled within twelve months after the reporting period, or

c) There is no unconditional right to defer settlement of the liability for at least twelve months after the
reporting period.

All other liabilities are classified as non-current.

Deferred tax assets and liabilities are classified as noncurrent.

Recent accounting pronouncements

Ministry of Corporate Affairs ("MCA") notifies new standards or amendments to the existing standards under
Companies (Indian Accounting Standards) Rules as issued from time to time. On March 31, 2023, MCA
amended the Companies (Indian Accounting Standards) Amendment Rules, 2023, as below. The effective
date for adoption of this amendment is annual periods beginning on or after April 1, 2023.

BRIDGE SECURITIES LIMITED

Notes to financial statements for the year ended March 31, 2025
All amounts are in Lacs unless otherwise stated

Ind AS 1 - Presentation of Financial Statements - This amendment requires the entities to disclose their
material accounting policies rather than their significant accounting policies. The Company has evaluated the
amendment and the impact of the amendment is insignificant in the financial statements.

Ind AS 8 - Accounting Policies, Changes in Accounting Estimates and Errors - This amendment has introduced
a definition of 'accounting estimates' and included amendments to Ind AS 8 to help entities distinguish
changes in accounting policies from changes in accounting estimates. The Company has evaluated the
amendment and there is no impact on its financial statements.

Ind AS 12 - Income Taxes - This amendment has narrowed the scope of the initial recognition exemption so
that it does not apply to transactions that give rise to equal and offsetting temporary differences. The
Company has evaluated the amendment and there is no impact on its financial statement.

For, Mitali Modi & Co. For and on behalf of the Board of Directors of

Chartered Accountants Bridge Securities Limited

FRN No. 133096W

Sd/- Sd/-

Sd/- Mr. Harshad Panchal Mr. Manish S. Bachani

CA Mitali Hemant Modi Managing Director Director

Proprietor DIN: 03274760 DIN: 08013906

M.No. 140890

UDIN : 25140890BMGDEV3263

Place: Ahmedabad Sd/-

Date: 25/04/2025 Ashish Sharda

Company Secretary