Corporate information
DAULAT SECURITIES LIMITED ( “the Company”) is a public limited company incorporated
and domiciled in India. The registered office of the Company is situated at 86, Canning Street,
The Company’s shares are listed on the BSE Ltd., ( Bombay Stock Exchange ).
SPECIFY THE NATURE OF THE BUSINESS
The Company is doing the Business of Stock Broking and Depository Partcipants.
The financial statements for the year ended 31st March, 2025 was approved for issue by the Board
of Directors of the Company on 30th May, 2025 and is subject to the adoption by the shareholders
Note No. : 2 Significant accounting policies
2.1 Statement of Compliance with Ind AS
In accordance with the notification dated 16th February, 2015, issued by the Ministry of Corporate
Affairs, the Company has adopted Indian Accounting Standards (referred to as “Ind AS”) notified
under the Companies (Indian Accounting Standards) Rules, 2015 (as amended) with effect from 1st
April, 2017 with restatement of previous year figures presented in this financial statements.
Accordingly, the financial statements have been prepared in accordance with Ind AS prescribed
All the Ind AS issued and notified by the Ministry of Corporate Affairs under the Companies
(Indian Accounting Standards) Rules, 2015 (as amended) till the financial statements are approved
for issue by the Board of Directors has been considered in preparing these financial statements.
2.2 Basis of preparation
These financial statements have been prepared in accordance with Ind AS under the historical cost basis
i) Certain financial assets and financial liabilities (including derivative instruments) - measured at fail
Historical cost is generally based on the fair value of the consideration in exchange for goods and ser
All assets and liabilities have been classified as current or non-current as per the Company’s normal c
criteria set out in Schedule III to the Companies Act, 2013. The Company has ascertained its operatin
purpose of current and non-current classification of assets and liabilities.
The financial statements including notes thereon are presented in Indian Rupees (“Rupees”or “Rs.” ),
functional and presentation currency. All amounts disclosed in the financial statements including note
off to the nearest lacs as per the requirement of Schedule III to the Act, unless stated otherwise.
2.3 Revenue recognition
Revenue is recognised to the extent it is probable that economic benefits would flow to the Company
reliably measured, regardless of when the revenue proceeds is received from customers.
Revenue is measured at the fair value of the consideration received/receivable taking into account coi
payment and excluding taxes or duties collected on behalf of the Government.
The specific recognition criteria for revenue recognition are as follows:
a) Sale of goods
Sale of goods is recognised at the time of transfer of substantial risk and rewards of ownership to the
b) Interest income
Interest income is included in “Other Income” in the Statement of Profit and Loss.
c) Dividend Income
Dividend income is recognised when the Company’s right to receive the dividend is established i.e. in
date of declaration by the Board of Directors; whereas in case of final dividend, on the date of approv
d ) All other income are accounted for on accrual basis.
2.4 Expenses
All expenses are accounted for on accrual basis.
2.5 Property, plant and equipment (PPE)
a) All Property, plant and equipment are measured at cost less accumulated depreciation and a
losses , if any.
The cost of an asset includes the purchase cost of materials, including import duties and non-refundat
attributable costs of bringing an asset to the location and condition of its intended use.
Subsequent costs are included in the asset’s carrying amount only when it is probable that future ecor
with the item will flow to the entity and the cost of the item can be measured reliably.
The carrying amount of the replaced part is derecognised. All other repair and maintenance costs are r
Statement of Profit and Loss as incurred.
When parts of an item of property, plant and equipment have different useful lives, they are accountei
(major components) of property, plant and equipment.
The cost and related accumulated depreciation are eliminated from the financial statements upon sale or
asset and the resultant gains or losses are recognized in the Statement of Profit and Loss.
During the year , in terms of Ind AS 36 Impairment of Assets ,the company has determined impairme
of its Assets whereever considered necessary.
b) Depreciation methods, estimated useful lives and residual value
Freehold land is not depreciated.
Lease-hold land are amortised over the lease term.
Depreciation on other items of PPE is provided on a straight-line basis to allocate their cost, net of the
the estimated useful life of the respective asset as specified in Schedule II to the Companies Act, 2013
transmission lines and Mobile phones which are depreciated over a period of five years and three yea
The estimated useful lives are determined based on assessment made by technical experts, in order to
of the assets. The management believes that these estimated useful lives are realistic and reflect fair a
period over which the assets are likely to be used.
The estimated useful lives considered are as follows:
Category Useful life
Buildings ( other than factory building) - 60 Years
Factory Building - 30 Years
Plant & Machinery - 25 Yearsd
Electrical Installation & Equipment (for double shift) - 20 Years
Generator Set ( for Double Shift) - 20 Years
Laboratory Equipment - 10 Years
Weighing Machines, Tools & Implements, Pollution Equipments & Fire fighting equipments - 25 Ye.
Computer & Accessories - 3 Years
Office Equipments including Air Conditioners - 5 Years
Furniture & Fixtures - 10 Years
Motor Cars - 8 Years
Motor Cycles & Scooters - 10 Years
There exists no restrictions or any encumbrances on title by way of any security/ pledge of any proper
against any liabilty of the company
Each item of PPE individually costing Rs. 5,000/- or less is depreciated over a period of one year fro
available for use.
The residual value of an item of PPE is not more than 5% of the original cost of the respective asset.
The estimated useful lives, residual values and depreciation method are reviewed at-least at the end o:
are adjusted ,wherever appropriate.
2.6 Inventories
a) Inventories are valued at lower of cost and net realisable value after providing for obsolescence, if
The cost of inventories is computed on FIFO ( First in First Out) basis.
and the estimated costs necessary to make the sale.
2.7 Leases
The determination of whether an arrangement is (or contains) a lease is based on the substance of the
of the lease. The arrangement is, or contains, a lease if fulfilment of the arrangement is dependent on
the arrangement conveys a right to use the asset even if that right is not explicitly specified in an arrai
a) When the Company is a lessee
A lease is classified at the inception date as a finance lease or an operating lease. Leases under which
and rewards of ownership are transferred to the Company are classified as finance leases.
Payment made under operating leases are recognized as expense in the Statement of Profit and Loss c
over the lease term, unless the receipts are structured to increase in line with expected general inflation t
lessor’s expected inflationary cost increase.
b) When the Company is a lessor
Leases in which the Company does not transfer substantially all the risks and rewards of ownership o
operating leases. Where the escalation of lease rentals is in line with the expected general inflation so
lessor for expected inflationary cost, the increases in the rentals is not straight lined
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