m) Provisions
Provision is recognised when an enterprise has a present obligation (legal or constructive) as a result of a past event 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 management estimates required to settle the obligation at the balance sheet date,
supplemented by experience of similar transactions. These are reviewed at the balance sheet date and adjusted to reflect the
current management estimates.
n) Contingent Liabilities and Assets
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 or a reliable estimate of the amount cannot be made, is termed as a contingent liability. The existence of a
contingent liability is disclosed in the notes to the financial statements.
Contingent assets are neither recognised nor disclosed.
o) Earnings Per Share
Basic earnings per share is calculated by dividing the net profit or loss for the period attributable to equity shareholders by the
weighted average number of equity shares outstanding during the year.
Diluted earnings per share is computed using the weighted average number of equity shares and dilutive potential equity shares
outstanding during the year. For the purpose of calculating diluted earnings per share, the net profit or loss for the period
attributable to equity shareholders and the weighted average number of shares outstanding during the year are adjusted for the
effects of all dilutive potential equity shares.
p) Cash Flow Statement
Cash flow are reported using Indirect Method, where by profit/(loss) before tax is adjusted for the effect of transaction of non cash
nature and any deferrals or accruals of past or future cash receipt or payments and items of income or expenses associated with
investing or financing cash flow. The cash flow from operating, Investing & financing activities of the company is segregated
based on the available information.
q) Ind AS 117 — Insurance Contracts The amendments introduces a new Accounting Standard, Ind AS 117 in place of existing Ind
AS 104 (Insurance Contracts). This amendment is applicable mainly to issuers of Insurance contracts and re-insurance contracts.
The Company does not expect this amendment to have any significant impact in its financial statements.
(F) Terms/rights attached to equity shares:
Thecompany has only oneclass of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to onevote per share. Thedividend, in case
proposed by the Board of Directors is subject tothe approval of theshareholders in the ensuing Annual General Meeting, except in case of interim dividend. In theeventof
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.
(j) The company has alloted 9,80,319 Equity warrants convertible into equity shares at an issue price of Rs. 94 per warrants (25% of issue price of RS. 376/-) and 14,60,000 Equity warrants
convertible into equity shares at an issue price of Rs.125 (25% of issue price of Rs. 500/-). Balance amount of Rs.282 per warrant was received against 4,30,819 warrants (out of 9,80,319 Equity
warrants) and Rs. 375 per warrant was received against 3,57,200 warrants (out of 14,60,000 Equity warrants) during the financial year 2024-25 and shares alloted during the year under
consideration.
(k) The company has alloted 9,04,000 Equity Shares on prefrenti'al basis at an issue price of Rs. 500 per Equity Shares dated 14-Jan-25 during the financial year 2024-25 and
shares alloted during the year under consideration.
The Company has followed simplified methodof ECLin case of Trade receivables and the Company recognises lifetime expected losses for all trade receivables that do not constitute a
financing transaction. At each reporting date, the Company assesses the impairment requirements.
Other financial assets considered to have a low credit risk:
Credit risk on cash and cash equivalents is limited as wegenerally invest in deposits with banks and stock exchanges with high credit ratings assigned by international and domestic
credit rating agencies. Investments comprise of Quoted Equity instruments and Mutual Funds which are market tradeable.
b) Liquidity Risk
Liquidity represents the ability of theCompany to generate sufficient cash flow to meetits financial obligations on time, both in normal and in stressed conditions, without having to
liquidate assets or raise funds at unfavourable terms thus compromising its earnings and capital. The Company aims to maintain the level of its cash and cash equivalents and other
highly marketable investments at an amount in excess of expected cash outflow on financial liabilities. Funds required for short period is taken care by borrowings through utilizing
overdraft facility.
c) Market Risk
Market risk arises when movements in market factors (foreign exchange rates, interest rates and equity prices) impact the Company's income or the market value ofits portfolios. The
Company, in its course of business, is exposed to market risk due to change in equity prices, interest rates and foreign exchange rates. The objective of market risk management is to
maintain an acceptable level of market risk exposure while aiming to maximize returns. The Company classifies exposures to market risk into either trading or non-trading portfolios.
Both the portfolios are managed using the following sensitivity analyses:
i) Equity Price Risk
The Company exposure to price risk arising form investment and security in trade held by thecompany and is classified in the balance sheet through fair value through profit &loss
account. Company has investment in Exchange Traded Funds & equity shares under various scheme and its exposure.
The below sensitivity depicts a scenario where a 10% movement in equity prices, everything else remaining constant, would result in an exchange obligation for both Traded and Non-
traded (client) positions and their impact on statement of profit and loss account
46. Revenue From Contract With Customers
The Company derives revenue primarily from the share broking business. Its other major revenue sources are the Interest income.
1. Disaggregate revenue information
The table below presents disaggregate revenues from contracts with customers for the year ended 31 March 2025 and 31 March 2024. The Company believes that this disaggregation
best depicts how the nature, amount, timing and uncertainty of revenue and cash flows are affected by market and other economic factors.
Nature of Services
(a) Broking Income - Income from services rendered as a broker is recognised upon rendering of the services, in accordance with the terms of contract.
(b) Interest Income - Interest is earned on delayed payments from clients and amounts funded to them as well as term deposits with banks..Interest income is recognised on a time
proportion basis taking into account the amount outstanding from customers or on the financial instrument and the rate applicable.
(c) Depository Income-Income from services rendered on behalf of depository is recognised upon rendering of the services, in accordance with the terms of contract."
Fair value hierarchy
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction in the principal (or most advantageous) market at the
measurement date under current market conditions (i.e., an exit price), regardless of whether that price is directly observable or estimated using a valuation technique.
Level 1 - The fair value hierarchy have been valued using quoted prices for instruments in an active market.
Level 2 - Inputs other than quoted prices included within Level 1 that are observable either directly (i.e. as prices) or indirectly (i.e. derived from prices).
Level3-Inputs that are unobservable. This category includes all instruments for which thevaluation technique includes inputs that are not observable and theunobservable
inputs have a significant effect on the instrument's valuation.
49. Event After Reporting Date
There have been no events after the reporting date that require disclosure in these financial statements.
50. Additional regulatory information required by Schedule III
Details of benami property held
No proceedings have been initiated on or are pending against the Company for holding benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of1988) and Rules made thereunder.
Title deeds of immovable properties not held in name of the company
There are no immovable properties which are not held in name of the company.
Valuation of Property, Plant and Equipment, intangible asset and investment property
The Company has not revalued any of its property, plant and equipment (including right-of-use assets) or intangible assets
during the current year or previous year.
Borrowings from Banks or Financial institution on the basis of Security of Current Assets
The company have outstanding loans of Rs. .41 Lakhs as on 31st March, 2025 (Previous Year 218.30 Lakhs)
Wilful defaulter
The Company has not been declared wilful defaulter by any bank or financial institutions or government or any government
authority.
Relationship with struck off companies
The Company has no transactions with the companies struck off under Companies Act, 2013 or Companies Act, 1956.
Ratios
Additional regulatory information required under (WB) (xvi) of Division III of Schedule III amendment, disclosure of ratios, is not
applicable to the Company as it is in broking business and not an NBFC registered under Section 45-IA of Reserve Bank of India
Act, 1934. Other general ratios are:
#Net debt of the company is negative.
**The year-over-year reduction in ROI is largely driven by the prior year's realization of an exceptional item, which inflated the comparative base.
***a significant rise of over 100% in trade receivables compared to the previous year has resulted in an increase in the debtor turnover ratio in terms of days.
$ The sharp reduction in ROE is primarily a result of the newly issued equity shares.
#The debt-to-equity ratio is negative primarily due to substantial balances held with banks as margin money or security against borrowings, guarantees, and other commitments.
Compliance with number of layers of companies
The Company has complied with the number of layers prescribed under the Companies Act, 2013.
Compliance with approved scheme(s) of arrangements
The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial year.
Undisclosed income
There is no income surrendered or remaining to be disclosed as income during the current or previous year in the tax assessments under the Income Tax Act, 1961.
Details of crypto currency or virtual currency
The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.
Registration of charges or satisfaction with Registrar of Companies
As at March 31, 2025, the register of charges of the Company as available in records of the Ministry of Corporate Affairs (MCA) includes charges that were created/modified since the inception of the
Company. The Company is in the continuous process of filing the charge satisfaction e-form with MCA, within the timelines, as and when it receives NOCs from the respective charge holders.
As per our report of even date attached For and on behalf of board of directors of Indo Thai Securities Limited
For SPARK & Associates Chartered Accountants LLP
Chartered Accountants Dhanpal Doshi Parasmal Doshi
Firm Reg No. 005313C/C400311 Managing Director Chairman & Whole Time Director
DIN: 00700492 DIN: 00051460
Shruti Sikarwar
Chandresh Singhvi Deepak Sharma Company Secretary &
Partner Chief Financial Officer Compliance Officer
Membership No. 436593
Place: Indore
Date: May 30th, 2025
UDIN: 25436593BMJHUO5716
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