(iii) Rights attached to equity shares:
The company has only one class of Equity Shares having at par value of INR 10/- per share. Each equity holder is entitled to one vote per share and has a right to receive dividend as recommended by Board of Directors subject to necessary approval from the shareholders except in case of interim Dividend During the Period , the per share interim dividend paid to equity shareholders was Rs. 3.00 (previous year Rs.2.00) and final Dividend for FY 20232024 paid to equity shareholders is Rs.1.00 (previous year Rs.1.00) 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
a) Salaries, wages and bonus includes an amount of Rs. 107.50 Lakhs (PY Rs.111.00 Lakhs) paid to the Directors as Remuneration as per Schedule V of the Companies Act, 2013
b) Provident Fund : Company pays fixed contribution to Provident Fund at predetermined rates to the EPF fund maintained by Employees' Provident Fund Organisation, Government of India. Company obligation is limited to payment of contribution at the pre determined rates. The settlement to the employees shall be made by the EPF organisation.
c) Gratuity: Payable to employees, who render continuous service of 5 years or more, on separation, @15 days of last drawn pay of each completed year of service.
d) Leave encashment: Leave encashment amount is paid to the employees at the end of the each calendar year.
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Note No.30
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)
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Contingent Liabilities and commitments (to the extent not provided for) (Rupees in Lakhs):
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Sl
no.
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Particulars
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As at
31st March, 2025
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As at
31st March, 2024
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1
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Bank Guarantees in favour of Clearing Corporations of Stock Exchanges issued by Banks on behalf of the Company against 50% of Cash Margin i. e . Fixed Deposit Receipts
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4,525.00
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4,525.00
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2
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Cases against the Company not acknowledged as debts (See Note No. 30.1(a))
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19.82
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19.82
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3
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Income tax Demands pending in appeals (See Note No. 30.1(b))
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-
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3.78
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4
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Show cause notices from Service tax department for which the Company has filed replies
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115.29
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115.29
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5
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Service tax demands, pending in appeal (See Note No. 30.1(c))
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539.77
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539.77
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30.1
(a) Demands against the Company not acknowledged as debts, amounting to Rs.19.82 Lakhs are pending at various courts/forums
(b) During the Financial Year 2023-2024, the Appeal has been disposed off by giving complete relief to the Company and a consequential order also has been passed giving effect to the appellate order.
(c) Service tax demands against the Company;
(i) The Company has deposited an amount of Rs. Rs.13.49 Lakhs as a condition precedent of hearing the appeal before The Commissioner (Appeals) in case of order dated 09.01.2017. However the appeal has been disposed off by the learned Commissioner (Appeals) in favour of Revenue on 21.05.2018. The Company has filed an appeal against the order passed by the Commission (Appeals) before CESTAT by depositing additional Pre-deposit of Rs.4.50 Lakhs on 01.08.2018
Note No.31
Provision for Taxation has been made after taking into account, the difference between depreciation in the accounts and the depreciation allowable as per the Income Tax Act, 1961 and other deductions / additions allowable/disallowable under the Income Tax Act, 1961.
The Company elected to exercise the option permitted under section 115BAA of the Income Tax Act, 1961 as introduced by the Taxation Laws (Amendment) Ordinance, 2019. Accordingly, the Company has recognised provision for Income Tax and remeasured its deferred tax assets and liabilities, basis the rate prescribed in the said section.
Note No.33
Defined Benefit Plan - Gratuity
The Company provides gratuity benefit to its employees, which is funded with Life Insurance Corporation of India. The following table sets out the funded status of the defined benefit scheme and the amounts recognised in the financial statements:
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Note No.35
Segment Reporting 1. Business Segment:
(i) The business segment has been considered as the primary segment.
(ii) The Company's primary business segments are reflected based on principal business activities, the nature of service, the differing risks and returns, the organisation structure and the internal financial reporting system
(iii) The Company's primary business comprises of two business segments viz., Stock Broking & DP Operations and E-Governance Operations
(iv) Segment revenue, results, assets and liabilities include amounts identifiable to each segments allocated on a reasonable basis.
(v) The accounting policies adopted for segment reporting are in line with the accounting policies adopted for preparation of financial information
2. Geographical Segment
Further the Company has no geographical segments which are subject to different risk and returns. Hence, no separate disclosure in terms of Indian Accounting Standard 108 on segment reporting is considered necessary.
NOTE: The turnover ratios are calculated considering the company's nature of industry which is service-oriented.
Explanations for change in the ratio by more than 25% as compared to the ratio of preceding year:
The decrease in the Debt-Equity ratio is due to repayment of loan
The decrease in debt service coverage ratio is due to repayment of loan during 2024-25
The increase in the Return of Equity (ROE) ratio is due to increase in the revenue from operation
The increase in the Net Profit ratio is due to increase in the revenue from operation
The increase in the Return on Capital Employed ratio is due to increase in the revenue from operation
The increase in the Reurn on Investment ratio is due to increase in the revenue from operation
Note No.37
Previous Period figures have been regrouped/reclassified wherever necessary to confirm to the current year's classification/disclosures.
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