(e) Terms and rights attached to Equity Shares:

The Company has only one class of Equity Shares having a Face Value of ? 1/- per share. Each holder of Equity Shares is entitled to one vote per share. The Company declares and pays dividend in Indian rupees. In the event of liquidation of the Company, the holders of Equity Shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of Equity Shares held by the shareholders.

Nature and purpose of Reserves

The Reserves are the retained earnings of a Company which are kept aside out of Company’s profits to meet future (known or unknown) obligations. The general reserve is a free Reserve which can be utilized for any purpose after fulfilling certain conditions.

Note:

SEBI/BSE has ordered for Forensic Audit of Books of Accounts and other records of the Company and thereafter BSE has asked for certain clarifications/supporting documents for the observation by the Forensic Auditors in their Report. The Company has filed its’ reply. After the submission of reply and considering the both, i.e. Forensic Audit

Report as well as Company’s reply, BSE has ordered for re-forensic audit in order to clear/settle doubts. Re-forensic Audit has also been carried out by forensic Auditors however the outcome from the BSE on same is yet to come.

Note 21: Corporate Social Responsibility

The Company does not meet the criteria specified in sub section (1) of section 135 of the Companies Act, 2013, read with Companies [Corporate Social Responsibility (CSR)] Rules, 2014. Therefore it is not required to incur any expenditure on account of CSR activities during the year.

Note 22: Segment Reporting -

The company is primarily engaged in the single business of trading in shares and securities and there is no reportable secondary segment i.e. geographical segment. Hence, the disclosure requirement of Accounting Standard-17 “Segment Reporting” as notified by Companies (Accounting Standards) Rules, 2006 (as amended) is not applicable.

Note 23: Disclosure of Related Party Transactions:

Wholly owned Subsidiary : Not Any

Company under same Management : Not Any

Note 26:

There are no Micro and Small Scale Business Enterprises, to whom the Company owes dues, which are outstanding for more than 45 days as at March 31, 2024. This information as required to be disclosed under Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company.

Note 28: Other Notes to Accounts

i. In the opinion of the management, current assets, loans and advances and other receivables are approximately of the value stated, if realized in the ordinary course of business. The provisions of all known liability are ascertained, except for Trade Receivables. Since the receivables are dues for more than one year, we are not certain about the recoveries of the same. The Company is confident of receiving the dues and hence no contingency liabilities have been provided.

ii. Previous year figures have been restated to confirm the classification of the current year.

iii. Balances of Sundry Debtors, Unsecured Loans, and Sundry Creditors are Loans & Advances are subject to reconciliation, since conformations have not been received from them. Necessary entries will be passed on receipt of the same if required.

iv. The Audited Financial Statement, Valuation of the Unquoted Investments are subject to the valuation by Independent Valuer, as per management explanation they are under process to carrying out fair valuation from registered valuer , these are shown its investment value.

v. The disclosure regarding details of specified bank notes held and transacted during 8 November 2016 to 30 December 2016 have not been made since the requirement does not pertain to financial year ended March 31, 2024.

Note 29: Other Statutory Information

a. The Company has not entered into any such transaction which is 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.

b. The Company has complied with the number of layers prescribed under clause (87) of Section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017.

c. The Company is not declared willful defaulter by any bank or financial institution or other lenders.

d. The Company has not traded or invested in crypto currency or virtual currency during the financial year.

e. The Company has not revalued its property, plant and equipment (including right-of-use assets) or intangible assets or both during the year.

f. No proceedings have been initiated or are pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and Rules made there under.

g. No Loans or Advances in the nature of loans are granted to promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013,) either severally or jointly with any other person has been provided

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

i. 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.