Disputed Transaction - Bombay Stock Exchange:

An amount of ? 16.01 Lacs paid to the Bombay Stock Exchange on account of an erroneous trade dated 1st April 2013 involving the purchase of 1,00,000 equity shares of Ashutosh Paper Mills Ltd. has been excluded from trade receivables.

The company has filed a legal case in respect of this transaction, which is currently pending adjudication in court. The amount had been written off in the books of accounts in earlier years. The disputed shares are currently lying in the company's demat account.

(ii) Rights, preference and restrictions attached to equity shares

The Company has only one class of equity shares having par value of ^10 per share. Each holder of equity shares is entitled to one vote per share. 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 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. The equity shareholders have all other rights as available to the equity shareholders as per the provisions of Companies Act, 2013 read together with the Memorandum of Association and Articles of Association of the Company as applicable.

Notes for variation in ratios by more than 25%

a. The variance in the current ratio is due to higher amount of current liabilities during the current year.

b. During the year, the company fully repaid the loan, resulting in a closing balance of zero. This led to a 100% decrease compared to the previous year

c. Debt service coverage ratio is not applicable due to zero debt

d. The variance in the Return on Equity ratio is primarily due to an increase in revenue as compared to expenses during the current year, resulting in higher net profit earned by the Company

e. The Inventory Turnover Ratio is not applicable as the Company has not held any inventory during the current or previous financial year

f. The variance in the trade receivables turnover ratio is due to higher amount of sales achieved by the Company, collections of which are due in the next year.

g. The variance in the trade payables turnover ratio is due to higher amount of operations cost incurred by the Company during the current year.

h. The variance in the Net profit ratio is primarily due to gain on sale of investment property during the year.

i. The variance in the return on capital employed is due to primarily due to a significant increase in operating profits and gain on sale of investment property during the year.

Terms and conditions of transactions with related parties

The transactions with related parties are made on terms equivalent to those that prevail in arm's length transactions. Outstanding balances at the end of the period are unsecured and interest free and settlement occurs in cash. There have been no guarantees provided or received for any related party receivables or payables.

34. Disclosure relating to employee benefits pursuant to Ind AS 19 - Employee Benefits

a) Defined contribution plans

The Company provides for gratuity for employees in India as per the Payment of Gratuity Act, 1972. Employees who are in continuous service for a period of 5 years are eligible for gratuity. The amount of gratuity payable on retirement/termination is the employees last drawn basic salary per month computed proportionately for 15 days salary multiplied for the number of years of service.

b) Defined benefit plans

1. Gratuity

The Company provides for gratuity for employees in India as per the Payment of Gratuity Act, 1972. Employees who are in continuous service for a period of 5 years are eligible for gratuity. The amount of gratuity payable on retirement/termination is the employees last drawn basic salary per month computed proportionately for 15 days salary multiplied for the number of years of service.

35. Subsequent events

There were no significant events after the end of the reporting period which require any adjustment or disclosure in the financial statements

36. Fair value measurement

I. Accounting classification and fair values

The following table shows the carrying amount and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy:

II. Valuation techniques used to determine fair value

Specific valuation techniques used to value financial instruments include :

1. Quoted equity investments - Quoted closing price on stock exchange

2. Mutual fund - net asset value of the scheme

3. Alternative investment funds - net asset value of the scheme

4. Unquoted equity investments - price multiples of comparable companies.

5. Private equity investment fund - Net Asset Value of the audited financials of the funds.

6. Real estate fund - Net Asset Value, based on the independent valuation report or financial statements of the company

III. Financial instruments not measured at fair value

Financial assets not measured at fair value includes cash and cash equivalents, trade receivables, loans and other financial assets. These are financial assets whose carrying amounts approximate fair value, due to their short-term nature.

Additionally, financial liabilities such as trade payables and other financial liabilities are not measured at FVTPL, whose carrying amounts approximate fair value, because of their short-term nature.

35. Capital management

For the purpose of the Company's capital management, capital includes issued equity share capital, security premium and all other equity reserves attributable to the equity holders of the Company. The Company manages its capital to ensure that the Company will be able to continue as going concern while maximizing the return to stakeholders through optimization of debt and equity balance. Further its objective is to maintain an adequate capital base so as to maintain creditor and market confidence and to sustain future development.

36. Contingent liabilities and commitments A) Contingent liabilities

There are no contingent liabilities as on March 31,2025.

37. Capital work in progress includes following pre-operative expenses pending allocations:

There are no Capital Work in Progress as on March 31, 2025.

38. Events occurring after the Balance sheet date

No adjusting or significant non-adjusting events have occurred between the reporting date and date of authorization of these financial statements.

39. Details of Crypto currency or Virtual currency

The Company has not traded or invested in Crypto currency or virtual currency during the reporting period.

40. Relationship with struck off companies

The Company does not have any transaction with companies struck off under section 248 of Companies Act, 2013 or section 560 of Companies Act, 1956 and hence no disclosure is required.

41. Benami property transactions

The Company does not hold any benami property and no proceedings have been initiated or pending against the Company under Benami Transactions Prohibition Act 1988 (45 of 1988) and the rules made thereunder.

42. Corporate Social Responsibility

The Company is not covered under section 135 of Companies Act 2013.

43. Compliance with number of layers of companies

The Company has one subsidiary company, namely NDA Commodity Brokers Private Limited. The Company is in compliance with the provisions regarding the number of layers as prescribed under clause (87) of section 2 of the Companies Act, 2013 read with the Companies (Restriction on Number of Layers) Rules, 2017.

44. Wilful defaulter

As on March 31,2025 the Company has not been declared wilful defaulter by any bank/financial institution or

other lender.

45. Undisclosed Income

The Company does not have 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 ( such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

46. Loans and advances and end use of funds

The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understand that Intermediary shall:

a) 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

b) Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

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:

a) 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

b) Provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

47. Information pursuant to the provisions of Section 22 of Micro, Small and Medium Enterprises Development Act, 2006 During the year company has not paid any interest in terms of the section 18 of the above mentioned act. No principal amount or interest amount are due at the end of this accounting year which is payable to any Micro, Small or Medium enterprises as defined in the Micro, Small and Medium Enterprises Development Act, 2006.

48. The Company has prepared these financial statements as per the format prescribed by Revised-Amended Schedule III to the Companies Act, 2013 ('the schedule') issued by Ministry of Corporate Affairs. Previous year figures have been recast /restated, regrouped, rearranged, reclassified to conform to the classification of the current year.

49. Shares pledge by Clients as margin in Futures & option and Capital market have been repledge with our clearing member M/s Globe Capital Market Ltd. and also Lying with the our different beneficiary account in Depository have not been taken in our books of accounts, as the beneficial ownership belongs to the clients only and also Tds on Dividend Received on these share does not belongs to dividend income of the company as beneficial owner of these share are clients of the company hence such dividend income has been credited to respective clients.

50. The accounts of certain Sundry Debtors and Creditors, Advances Received from customers

and Advance paid to suppliers are subject to confirmation / reconciliation and adjustment, if any. The Management does not expect any material difference affecting the current year's financial statements. In the opinion of the management, the current assets, loans and advances are expected to realize at least the amount at which they are stated, if realized in the ordinary course of business and provision for all known liabilities have been adequately made in the books of accounts.

51. The Entire operation of the company relates to only one reportable segment therefore segment reporting by Ind As 108 is not required

52. The Current Period refers to the period April 01,2024 to March 31,2025. (Previous year refers to

April 01, 2023 to March 31,2024). The figures appearing in the financial statements have been rounded off to nearest lacs as per amendment made in Such-III of Company Act and are in agreement with the books of accounts or group of account.

53. Previous year figures have been regrouped or reclassified, wherever to conform to the current year's presentation.