1.9 Provisions, Contingent Liabilities and Contingent Assets

Provisions are recognized when there is 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 there is a reliable
estimate of the amount of the obligation. When a provision is measured using the
cash flows estimated to settle the present obligation, its carrying amount is the
present value of those cash flows (when the effect of the time value of money is
material). 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.

1.10 Leases

Policy Applicable from April 1, 2019

The Company accounts for each lease component within the contract as a lease
separately from non-lease components of the contract and allocates the
consideration in the contract to each lease component on the basis of the relative
stand -alone price of the lease component and the aggregate stand-alone price of
the non-lease components.

The Company recognises right-of-use asset representing its right to use the
underlying asset for the lease term at the lease commencement date. The cost of
the right-of-use asset measured at inception shall comprise of the amount of the
initial measurement of the lease liability adjusted for any lease payments made at
or before the commencement date less any lease incentives received, plus any
initial direct costs incurred and an estimate of costs to be incurred by the lessee in
dismantling and removing the underlying asset or restoring the underlying asset or
site on which it is located. The right-of-use assets is subsequently measured at cost
less any accumulated depreciation, accumulated impairment losses, if any and
adjusted for any remeasurement of the lease liability. The right-of-use assets is
depreciated using the straight-line method from the commencement date over the

shorter of lease term or useful life of right-of-use asset. The estimated useful lives
of right-of use assets are determined on the same basis as those of property, plant
and equipment. Right-of-use assets are tested for impairment whenever there is
any indication that their carrying amounts may not be recoverable. Impairment
loss, if any, is recognised in the statement of profit and loss.

The Company measures the lease liability at the present value of the lease
payments that are not paid at the commencement date of the lease. The lease
payments are discounted using the interest rate implicit in the lease, if that rate
can be readily determined. If that rate cannot be readily determined, the Company
uses incremental borrowing rate. For leases with reasonably similar characteristics,
the Company, on a lease by lease basis, may adopt either the incremental
borrowing rate specific to the lease or the incremental borrowing rate for the
portfolio as a whole. The lease payments shall include fixed payments, variable
lease payments, residual value guarantees, exercise price of a purchase option
where the Company is reasonably certain to exercise that option and payments of
penalties for terminating the lease, if the lease term reflects the lessee exercising
an option to terminate the lease. The lease liability is subsequently remeasured by
increasing the carrying amount to reflect interest on the lease liability, reducing
the carrying amount to reflect the lease payments made and remeasuring the
carrying amount to reflect any reassessment or lease modifications or to reflect
revised in -substance fixed lease payments. The company recognises the amount
of the re-measurement of lease liability due to modification as an adjustment to
the right-of-use asset and statement of profit and loss depending upon the nature
of modification. Where the carrying amount of the right-of-use asset is reduced to
zero and there is a further reduction in the measurement of the lease liability, the
Company recognises any remaining amount of the re -measurement in statement
of profit and loss.

Short-term leases having a lease term of 12 months or less and low value leases
are accounted for in the statement of profit and loss as a revenue item.

Note: In view of nature of business and various components of financial statements, other Ratios as mentioned
in Schedule III are not applicable to the Company or has no relevance or not practical to be calculated.

Note 24: Dues to micro & small enterprises

The Company has called for complete information from all the vendors regarding their status as small-
scale/micro industrial undertaking. Based on information received regarding the status of the vendors there
are no amounts outstanding for more than Rs.1,00,000/- for more than 30 days.

The carrying amounts of trade receivables, cash and bank balances, loans, and trade payables are considered to be approximately equal to
the fair value.

Valuation techniques used to determine fair value

Significant valuation techniques used to value financial instruments include:
o Use of quoted market price or dealer quotes for similar instruments
o Using discounted cash flow analysis.

The fair values computed above for assets measured at amortised cost are based on discounted cash flows using a current borrowing rate.
They are classified as level 2 fair values in the fair value hierarchy due to the use of unobservable inputs.

Note 26: Segment Reporting

The Company is engaged mainly in the financial services and as such there are no other reportable segment as
defined by Indian Accounting Standard 108 on "Operating Segments" issued by the Institute of Chartered
Accountants of India.

Note 31: Details of benami property held

There has been no proceedings initiated or pending against the Company for holding any benami property under
the Benami Transactions (Prohibitions) Act, 1988 (45 of 1988) and the rules made thereunder.

Note 32: Wilful defaulter

The Company has not been declared wilful defaulter by any bank or financial institution or other lender.

Note 33: Compliance with number of layers of companies

The Company does not have any subsidiary(s), therefore Section 2 of the Companies Act, 2013 read with
Companies (Restriction on number of Layers) Rules, 2017 relating to Layers of Companies is not applicable.

Note 34: Undisclosed income

The Company does not have any transaction not recorded in the books of accounts that has been surrendered or
disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or
survey or any other relevant provisions of the Income Tax Act, 1961).

Note 35: Intangible assets under development

There are no Intangible assets under development as on March 31, 2024.

Note 36: Security of current assets against borrowings

The Company does not have borrowings from banks or financial institutions on the basis of security of current
assets.

Note 37: Compliance with approved scheme(s) of arrangements

No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the
Companies Act, 2013.

Note 38: Details of crypto currency or virtual currency

The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial year ended on
March 31, 2024.

Note 39: Title deeds of immovable property not held in name of the company

The Company does not have any immovable property (other than properties where the Company is the lessee and
the lease agreements are duly executed in favour of the lessee) whose title deeds are not held in the name of the
Company.

Note 40: Utilisation of borrowed funds/share premium/any other source of funds

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, whether, directly or
indirectly lend or invest in other persons/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 of the Company in the ordinary course of business .

Accordingly, no further disclosures, in this regard, are required.

The Company has not received any fund from any person(s) or entity(ies), including foreign entities ("Funding
party") with the understanding (whether recorded in writing or otherwise) that the Company shall 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.

Note 41 : Previous year figures

Previous year figures have been re-grouped / re-classified / restated wherever necessary to confirm the current
year classification.

For and on behalf of the Board of Directors of
DJS Stock and Shares Limited
CIN:L67120TZ1994PLC005030

sd/- sd/- sd/-

Bhawani Singh Shekhawat Aniruddh Parashar Khushboo Vasudev

Director Director & CFO Company Secretary

DIN: 06970102 DIN: 02576496 Membership: ACS51287

Thane

May 29, 2024