Terms / Rights attached to Equity Shares
The Company has one class of equity shares having a par value of Rs. 10 each. Each shareholder is eligible for onevote 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, except in case of interim dividend. In the event of liquidation, the equityshareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts,in proportion to their shareholding.
Nature and purpose of Other Reserves
a) Securities Premium Account
Securities Premium Account is used to record the premium on issue of shares. The reserve will be utilised in accordance with the provisions of The Companies Act, 2013
b) General reserve
The general reserve is a free reserve which is used from time to time to transfer profits from / to retained earnings for appropriation purposes. As the general reserve is createdby a transfer from one component of equity to another and is not an item of other comprehensive income, items included in the general reserve will not be reclassified subsequently to statement of profit and loss.
c) Retained earnings
This reserve represents undistributed accumulated earnings of the Company as on the balance sheet date.
d) ESOP Compensation Reserve
This is an equity account used to record the non-cash cost of employee stock options. It represents the fair value of unvested and vested share options that the company is spreading out as an expense over the vesting period.This reserve is created by debiting the statement of profit and loss account with value of share options granted to the employees. Once shares are issued by the Company, the amount in this reserve will be transferred to share capital, securities premium or retained earnings.
Note : Steps have been taken to identify the suppliers who qualify under the definition of micro and small enterprises, as defined under the Micro, Small and Medium Enterprises Development Act 2006. Since no intimation has been received from the suppliers regarding their status under the said Act as at 31st March 2026, disclosures relating to amounts unpaid as at the year end, if any, have not been furnished. In the opinion of the management, the impact of interest, if any, that may be payable in accordance with the provisions of the Act, is not expected to be material.
18 Segment Reporting
As the company’s business activity fall within a single and primary business segment viz. trading and investment in shares and securities, the segment wise reporting in terms of Ind As-108 ‘Operating Segment’ is not applicable.
20 Other disclosures
i. Title deeds of Immovable Property not held in name of the Company
The Company does not hold any immovable property as on March 31,2026
ii. Revaluation of Property, Plant and Equipment
The Company has not revalued any of its Property, Plant and Equipment during the year ended March 31,2026
iii. Loans or Advances in the nature of loans
The Company has not granted Loans or Advances in the nature of loans to promoters, directors, or KMPs (as defined under the Companies Act, 2013) either severally or jointly. However, the company has granted a loan to a subsidiary company.
iv. Details of Benami Property held
No proceedings have been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.
v. Borrowings from banks or financial institutions on the basis of security of current assets
The Company does not have any borrowings from banks or financial institutions on the basis of security of current assets as on March 31, 2026.
vi. Wilful Defaulter
The Company does not have any borrowings from banks or financial institutions as on March 31, 2026.
vii. Relationship with Struck off Companies
The Company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.
viii. Registration of charges or satisfaction with Registrar of Companies
As on March 31, 2026 no charge has been created against the asset of the Company.
ix. Compliance with number of layers of companies
The Company has not made any kind of investment in any other companies.
x. Compliance with approved Scheme(s) of Arrangements
The Company has not approved any scheme of arrangement in accordance with sections 230 to 237 of the Companies Act, 2013.
xi. Utilisation of Borrowed funds and share premium
A. 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(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall:
(1) 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
(2) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.
B. 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
(1) 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
(2) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
xii. Undisclosed Income
The Company has not recorded any transactions in the books of accounts that has been surrendered or disclosed as income during the year ended March 31,2026 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).
xiii. Corporate Social Responsibility (CSR)
The provision of Section 135 of the Companies Act 2013 is not applicable to the Company.
xiv. Details of Crypto Currency or Virtual Currency
The Company has not traded or invested in Crypto currency or Virtual Currency during the year ended March 31,2026
21 Details of Employee Stock Options Elixir Capital ESOS 2024
This scheme was approved by the shareholders of the Company through the postal ballot process on 22nd January, 2025, for grant of up to 20,00,000 options, convertible into equal number of equity shares of Rs.10/- each. The pool of options is subject to adjustment for any future bonus issue, stock split, consolidation of shares or other corporate action(s).
The activity in Elixir Capital ESOS 2024 during the year ended 31st March, 2026 and 31st March, 2025 is set out below:
* Comprises 62,854 fresh options granted and 7,574 options re-issued during the year out of the pool of options previously lapsed/forfeited. No options were granted, exercised, forfeited or outstanding in the previous year ended 31st March, 2025, as the Scheme was approved only on 22nd January, 2025 and no options had been granted as at that date.
No modifications were made to the Options granted during the year, and there has been no change in the Company’s estimate of the number of Options expected to vest.
Exercise Pricing Formula Elixir Capital ESOS 2024
The Exercise Price shall not be less than the face value of the Equity Shares and shall not exceed the Market Price, as may be decided by the Nomination and Remuneration Committee in each case. Market Price means the latest available closing price on BSE Limited on the date immediately prior to the Relevant Date. The Committee may, at its sole discretion, consider a discount to such Market Price.
22 Financial risk management objectives and policies
The main risks arising from Company’s use of financial instruments are liquidity risk, credit risk and foreign exchange risk. The Company does not hold or issue derivative financial instruments for trading purposes or in the risk management activities. Policies for managing these risks are summarized below.
Liquidity risk
Liquidity risk is the risk that the Company will not meet future financial obligations due to a shortage of funds. The Company’s financing activities are managed centrally by maintaining an adequate level of cash and cash equivalents to finance the Company’s operations. The Company’s surplus funds are also managed centrally by placing them with reputable financial institutions on varying maturities. The Company does not use derivatives and other instruments in its risk management activities.
The table below separates the Company’s financial assets and liabilities into relevant maturity groupings based on their contractual maturities. The amounts disclosed in the table are the contractual undiscounted cash flows. Balances due within 12 months equal their carrying balances as the impact of discounting is not significant.
Credit risk
Credit risk arises from cash and cash equivalents, investments, trade receivables and other financial assets. The Company estimates losses on receivables based on expected losses, including historical experience of actual losses.
There are no significant concentrations of credit risk, whether through exposure to individual customers and/or specific industry sectors. As at March 31, 2026 and 2025 no material financial assets were past due or impaired. The Company only deposits cash with major banks with high quality credit standing and limits exposure to any one counter-party.
Foreign exchange risk:
Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate due to changes in foreign exchange rates. Given the nature of operating activities, the Company has no exposure to the risk of changes in foreign exchange rates.
23 Capital management
The Company considers share capital and all other equity reserves as capital. The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the Company’s needs.
The carrying amounts of current financial assets and current financial liabilities are considered to be the same as their fair values, due to short-term nature.
The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale.
The fair values of long term loans, security deposits and investments were calculated based on cash flows discounted using as current lending rate. They are classified as level 3 fair values in the fair value hierarchy due to the inclusion of unobservable inputs including counter party credit risk.
As the borrowings of the Company are on floating rates the carrying value of the borrowing is equal to fair value. They are classified as level 3 fair values in the fair value hierarchy due to the use of unobservable inputs including own credit risk. In case of non current assets, due to non materiality, the Company has shown the investments at its carrying cost.
For non current items, the difference between the fair value and carrying amount is not material. Accordingly, carrying value has been taken as fair value for such items.
26 Events after the Reporting Period
The Board of Directors have recommended dividend of Rs. 1.25 per fully paid up equity share of Rs. 10/- each, aggregating Rs.72.50 lakhs for the financial year 2025-26, which is based on relevant share capital as on 31st March, 2026.
The actual dividend amount will be dependent on the relevant share capital outstanding as on record date/book closure.
27 The figures for the corresponding previous year have been regrouped/reclassified wherever necessary, to make them comparable.
28 Approval of Financial Statements
The Financial Statements were approved for issue by the Board of Directors on 29th May, 2026
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