We have audited the accompanying standalone Ind AS financial statements of ARIHANT'S SECURITIES
LIMITED which comprises the Balance Sheet as at March 31, 2025, the Statement of Profit and Loss
(including Other Comprehensive Income), Statement of Changes in Equity and statement of cash flows
for the year ended 31st March 2025, and notes to the financial statements, including a summary of
significant accounting policies and other explanatory information attached herewith, being submitted
by the company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of
India (Listing Obligations and Disclosures Requirements) Regulations, 2015, as amended ('Listing
Regulations').
In our opinion and to the best of our information and according to the explanations given to us, the
aforesaid annual financial results:
a. are presented in accordance with the requirements of Regulation 33 of Listing Regulations in
this regard; and
b. give a true and fair view in conformity with the recognition and measurement principles laid
down in the applicable Indian Accounting Standards, and other accounting principles generally
accepted in India, of the state of affairs of the company as at 31st March 2025, net profit and other
comprehensive income and other financial information for the year ended 31st March, 2025.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing specified under section
143(10) of the Companies Act, 2013 (“the Act”). Our responsibilities under those SAs are further
described in the auditor's responsibilities for the audit of the Annual Financial Results section of our
report. We are independent of the company in accordance with the Code of Ethics issued by the Institute
of Chartered Accountants of India together with the ethical requirements that are relevant to our audit
of the financial statement under the provisions of the Act, and the rules thereunder, and we have
fulfilled our other ethical responsibilities in accordance with the requirements and Code of Ethics. We
believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
opinion on the standalone financial statements.
Information Other than the Financial Statements and Auditor's Report Thereon
The Company's Board of Directors is responsible for the other information. The other information
comprises the information included in the Management Discussion and Analysis, Board's Report
including Annexures to Board's Report, Business Responsibility Report, Corporate Governance and
Shareholder's Information, but does not include the consolidated financial statements, financial
statements and our auditor's report thereon.
Our opinion on the financial statements does not cover the other information and we do not express any
form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent with the
financial statements or our knowledge obtained during the course of our audit or otherwise appears to
be materially misstated.
If, based on the work we have performed, we conclude that there is a material misstatement of this
other information, we are required to report that fact. We have nothing to report in this regard.
Responsibilities of management and those charged with governance for the IND AS Financial
Statements
This statement, which includes the Standalone Financial Statements is the responsibilities of the
company's Board of Directors, and has been approved by them for the issuance. The statement has been
complied from the related audited financial statements year ended March 31, 2025. This responsibilities
includes preparation and presentation of the Financial Results for the Year ended March 31, 2025 that
give a true and fair view of the net profit and other comprehensive income and other financial
information in accordance with the recognition and measurement principles laid down in Indian
Accounting Standards prescribed under section 133 of the Act and other accounting principles generally
accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibilities
also includes maintenance of adequate accounting records in accordance with the provisions of the Act
for safeguarding of the assets of the company and preventing and detecting frauds and other
irregularities; selection and application of appropriate accounting policies; making judgements and
estimates that are reasonable and prudent; and the design, implementation and maintenance of
adequate internal financial controls, that were operating effectively for ensuring accuracy and
completeness of the accounting records, relevant to the preparation and presentation of the annual
financial results that give a true and fair view and are free from material misstatement, whether due to
fraud or error.
In preparing the annual financial statements, the Management and the Board of Directors are
responsible for assessing the Company's abilities to continue as a going concern, disclosing, as
applicable, matters related to going concern and using the going concern basis of accounting unless the
board of directors either intends to liquidate the Company or to cease operation or has no realistic
alternative but to do so.
The Company's Board of Directors is responsible for overseeing the company's financial reporting
process.
Auditors' Responsibilities for the Audit of Standalone Annual Financial Statements
Our objectives are to obtain reasonable assurance about whether the annual financial statements as a
whole are free from material misstatements, whether due to fraud or error and to issue an auditor's
report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a
guarantee that an audit conducted in accordance with SAs will always detect a material misstatement
when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on the
basis of these annual financial results.
As part of an audit in accordance with SAs, the exercise professional judgement and maintain
professional skepticism throughout the audit. We also:
• Identify and assess the risks of material misstatement of the annual financial results,
whether due to fraud or error, design and perform audit procedures responsive to those risks,
and obtained audit evidence that is sufficient and appropriate to provide a basis for our opinion.
The risk of not detecting a material misstatement resulting from fraud is higher than for one
resulting from error, as fraud may involve collusion, forgery, intentional omission,
misrepresentation, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we
are also responsible for expressing our opinion through a separate report on the complete set of
financial statements on whether the company has adequate internal financial controls with
reference to financial statements in place and the operating effectiveness of such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness of
accounting estimates and related disclosures in the financial results made by the Management
and Board of Directors.
• Evaluate the appropriateness and reasonableness of disclosures made by the Board of
directors in terms of the requirements specified under Regulation 33 of Listing Regulations.
• Conclude on the appropriateness of the Management and Board of Directors use of the
going concern basis of accounting and, based on audit evidence obtained whether material
uncertainty exists related to events or conditions that may cause significant doubt on the
appropriateness of this assumptions. If we conclude that a material uncertainty exists, we are
required to draw attention in our auditor's report to the related disclosures in financial results
or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the
audit evidence obtained up to the date of our auditor's report. However, future events or
conditions may cause the company to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the annual financial
statements, including the disclosures, and whether the annual financial statements represent
the underlying transactions and events in a manner that achieves fair presentation.
• Obtain sufficient appropriate audit evidence regarding the Financial Statements of the
Company to express an opinion on the Financial Statements.
Materiality is the magnitude of misstatements in the Financial Statements that, individually, or in
aggregate, makes it probable that the economic decisions of reasonably knowledgeable user of the
financial statements may be influenced. We consider quantitative materiality and qualitative factors in
(i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate
the effect of any identified misstatements in financial statements.
We communicate with those charged with governance regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control that we identify during our audit. We also provide those charged with governance with
a statement that we have complied with relevant ethical requirement regarding independence, and to
communicate with them all relationships and other matters that may reasonably be thought to bear on
our independence, and where applicable, related safeguards.
Report on Other Legal and Regulatory Requirements
2. As required by the Companies (Auditor's Report) Order, 2020 (“the Order”) issued by
the Central Government of India in terms of sub-section (11) of section 143 of the Act, we give in
the “Annexure A” a statement on the matters specified in paragraphs 3 and 4 of the Order.
3. As required by Section 143(3) of the Act, we report that:
a. We have sought and obtained all the information and explanations, which to the
best of our knowledge and belief were necessary for the purposes of our audit.
b. In our opinion, proper books of account as required by law have been kept by the
Company, so far as it appears from our examination of those books.
c. The Balance Sheet, Statement of Profit and Loss and Cash Flow Statement dealt
with by this report are in agreement with the books of account.
d. In our opinion, the aforesaid financial statements comply with the Accounting
Standards specified under Section 133 of the Act, read with Rule 7 of the Companies
(Accounts) Rules, 2014.
e. On the basis of written representations received from the directors as on 31st
March, 2025, taken on record by the Board of Directors, none of the directors is
disqualified as on 31st March, 2025, from being appointed as a director in terms of
Section 164(2) of the Act.
f. With respect to the adequacy of the Internal Financial Controls over Financial
Reporting of the company and the operating effectiveness of such controls, refer to our
separate report in “Annexure B”, and
g. With respect to the other matters to be included in the Auditor's Report in
accordance with the requirements of section 197(16) of the Act, as amended:
In our opinion and to the best of our information and according to the explanations given to us, the
remuneration paid by the Company to its directors during year is in accordance with the provision of
section 197 of the Act.
h. With respect to the other matters included in the Auditor's Report in accordance
with Rule 11 of the Companies (Audit and Auditor's) Rules, 2014 and to the best of our
information and according to the explanations given to us:
i. The Company does not have any pending litigations which would impact its financial position
ii. The Company did not have any long-term contracts including derivatives contracts for which there
were any material foreseeable losses.
iii. There has been no delay in transferring amounts, required to be transferred, to the Investor
Education and Protection Fund by the Company.
iv. (a) The Management has represented that, to the best of its knowledge and belief, no funds (which
are material either individually or in the aggregate) have been advanced or loaned or invested (either
from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in
any other person or entity, including foreign entity (“Intermediaries”), with the understanding, whether
recorded in writing or otherwise, that the Intermediary shall, whether, 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 provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries;
(b) The Management has represented, that, to the best of its knowledge and belief, no funds (which
are material either individually or in the aggregate) have been received by the Company from any
person or entity, including foreign entity (“Funding Parties”), with the understanding, whether recorded
in writing or otherwise, that the Company shall, whether, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;
(c) Based on the audit procedures that have been considered reasonable and appropriate in the
circumstances, nothing has come to our notice that has caused us to believe that the representations
under sub-clause (i) and (ii) of Rule 11(e), as provided under (a) and (b) above, contain any material
misstatement.
v. (a) The dividend has not been declared by the Company during the year is in accordance with Section
123 of the Act, as applicable.
(b) The interim dividend has not been declared by the Company during the year.
(c) The Board of Directors of the Company has not proposed any dividend for the year.
vi. The version of accounting software of the company has an audit trial (edit log) facility.
For N R KRISHNAMOORTHY & CO
Chartered Accountants
FRN:001492S
N R KRISHNAMOORTHY, FCA
Partner
Membership No: 020638
UDIN: 25020638BMLCBL1404
Place: Chennai
Date: 29.05.2025
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