Your directors take great pleasure in presenting the THIRTY FIRST Annual Report together with the
Audited Accounts of your Company for the Financial Year ended 31-03-2025.
FINANCIAL HIGHLIGHTS:
The financial results of the company compared to the previous year are summarized as under:
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Particulars
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2024-2025
(In lakhs)
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2023-2024
(In lakhs)
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Revenue from operation
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26.61
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25.75
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Other income
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102.58
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255.15
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Total income
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129.19
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280.90
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Total Expense
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63.01
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134.29
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Profit/loss) before Tax
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66.19
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146.62
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Tax Expense
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|
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Current
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17.37
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43.33
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Deferred Tax
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' -
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-
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Profit / (Loss) After Tax
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48.82
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103.29
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BRIEF DESCRIPTION OF THE COMPANY'S WORKING DURING THE YEAR/STATE OF COMPANY'S
AFFAIRS
Your Company is registered as a Non-Banking Financial Company (NBFC) pursuant to Certificate of
Registration dated April 01st,1998 issued by the Reserve Bank of India under section 45IA of the
Reserve Bank of India Act,1934.
During the year under report, the total income of the Company is Rs. 129.19 lakhs during the year
under review as against Rs. 280.90 lakhs in the previous financial year; and the company has made a
profit before tax of Rs. 66.19 lakhs during the year under review as compared to Profit of Rs. 146.62
lakhs in the previous financial year; The profit after tax and other comprehensive income during the
year under review is at Rs. 48.82 lakhs as compared to profit of Rs. 103.29 lakhs in the previous
financial year.
MATERIAL CHANGES AND COMMITMENTS:
There have been no material changes & Commitments which have occurred between the end of the
financial year of the company to which the balance sheet relates and the date of the report affecting the
financial position of the company.
RESERVES:
The company does not propose carrying any amount to reserves during the financial year.
TRANSFERS TO RESERVE FUND:
Under section 45-IC (1) of Reserve Bank of India ('RBI') Act, 1934, non-banking financial Companies
('NBFCs') are required to transfer a sum not less than 20% of its net profit every year to reserve fund
before declaration of any dividend. Accordingly, in the year 2024-25, Arihant's Securities Limited (the
'Company') has transferred a sum of ^ 9.76 lakh to its reserve fund.
DIVIDEND:
The Board of Directors has not recommended any dividend for the financial year ending on 31st March
2025. Since the Board has considered it financially prudent in the long-term interest of the Company to
re-invest the profits into the business of the Company to build a strong reserve base and grow the
business of the Company.
PARTICULARS OF SUBSIDIARY COMPANY, ASSOCIATE COMPANY AND IOINT VENTURE COMPANY:
The Company does not have any Subsidiary, Joint Venture or Associate Company; hence provisions of
section 129(3) of the Companies Act, 2013 relating to preparation of consolidated financial statements
are not applicable.
INDEPENDENT DIRECTORS AND FAMILIRISATION PROGRAMME
In terms of the provisions of Section 149(7) of the Companies Act, 2013, all the Independent Directors of
the Company have furnished a declaration to the Company stating that they fulfill the criteria of
Independent Director as prescribed under Section 149(6) of the Companies Act, 2013 and are not being
disqualified to act as an Independent Director.
In compliance with Regulation 25 & 16 SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 and amendments made under thereto. the Board has adopted a policy on a
familiarization programme for Independent Directors of the Company. The policy familiarizes the
Independent Directors with the nature of industry in which the Company operates business model of
the Company, their roles, rights, and responsibilities in the Company.
DECLARATION OF INDEPENDENT DIRECTORS:
The Independent Directors have submitted their disclosures to the Board that they fulfill all the
requirements as stipulated in Section 149(6) of the Companies Act, 2013 to qualify themselves to be
appointed as Independent Directors under the provisions of Companies Act, 2013 and the relevant
rules.
BOARD EVALUATION
The Board of Directors of the Company has carried out the annual evaluation of its own performance as
well as the evaluation of the working of its committees and individual Directors. This exercise was
carried out through structured questionnaires formulated by the Nomination & Remuneration
Committee. The questionnaires are circulated to all the directors to seek their response on the
evaluation. The evaluation framework provides for performance parameters and possible paths for
improvements.
The performance evaluation of the Non-Independent Directors, Chairman and the Board were carried
out by the Independent Directors.
The Directors have expressed their satisfaction with the evaluation process and its results.
KEY MANAGERIAL PERSONNEL
The following Directors/Officials of the Company have been designated as Key Managerial Personnel
(KMP) of the Company by the Board of Directors in terms of provisions of Section 203 of the Companies
Act, 2013 and the SEBI Listing Regulations:
1. Mrs. Rajshri Choudhary : Chief Financial Officer
2. Mrs. Nutika Jain : Company Secretary
3. Mr. Nishikant Mohanlal Choudhary : Managing Director
REMUNERATION POLICY OF THE COMPANY
The policy of the Company on directors' appointment and remuneration, including criteria for
determining qualifications, positive attributes, independence of a director and other matters, as
required under Section 178(3) of the Companies Act, 2013, can be viewed on the Company's website
www.arihantssecurities.com. There has been no change in the policy since the last financial year.
COMPLIANCE WITH SECRETARIAL STANDARDS ON BOARD AND GENERAL MEETINGS
During the Financial Year 2024-25, your Company has complied with applicable Secretarial Standards,
namely SS-1 & SS-2 issued by the Institute of Company Secretaries of India
ESTABLISHMENT OF VIGIL MECHANISM/ WHISTLE BLOWER POLICY
Pursuant to Section 177(9) of Companies Act 2013 and Regulation 22 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 the Company has formulated a whistle blower mechanism
for directors and employees to report concerns about unethical behavior, actual or suspected frauds or
violation of the Company's code of conduct and ethics. The Audit Committee of the Board oversees the
functioning of Whistle Blower Policy. The Whistle Blower Policy covering all employees and directors is
available in the Company's website at www.arihantssecurities.com.
SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS
During the year under review, no significant and material orders were passed by the regulators or
courts or tribunals which impact the going concern status and future operations of the Company.
DEPOSITS
The Company being non-deposit taking NBFC, has not accepted any deposits from the public during the
year under review
PARTICULARS OF LOANS, INVESTMENT, GUARANTEE AND SECURITY U/S 186(4) OF THE
COMPANIESACT, 2013
The Company has not given any loans or made investment or provided any guarantee/ security during
the financial year under review. The Company has not given any guarantees other than bank guarantees
in the normal course of business to meet contractual obligations.
LISTING
The Equity Shares of the Company are listed at the Bombay Stock Exchange. The Annual Listing Fees for
the financial year 2024-2025 has been paid to Bombay Stock Exchange.
EXTRACT OF ANNUAL RETURN
Pursuant to the provisions of Section 134(3) (a) of the Companies Act, 2013, the Annual return as per
provisions of Section 92 (3) of the Companies Act, 2013 can be viewed on the website of the company
www.arihantssecurities.com.
RELATED PARTY TRANSACTIONS
All related party transaction that was entered into during the financial year was on an arm's length basis
in the ordinary course of business. There are no 'material' contracts or arrangements or transactions
which were not at arm's length basis and therefore disclosure in form AOC -2 is not required.
All Related Party Transactions are placed before the Audit Committee as also the Board for approval.
Prior omnibus approval of the Audit Committee is obtained for the transactions which are foreseeable
and repetitive nature. For the transactions entered pursuant to the omnibus approval so granted, a
statement giving details of all related party transactions is placed before the Audit Committee and the
board of Directors for their approval on a quarterly basis.
CORPORATE GOVERNANCE:
Your Company is committed to maintaining high standards of Governance. The Report on Corporate
Governance as stipulated under Schedule V of the SEBI (Listing Obligations and Disclosure
Requirements) Regulation, 2015 (“Listing Regulations”), shareholders information together with a
Corporate Governance Compliance Certificate from M/s N.R. Krishnamoorthy & Co, Chartered
Accountants of the Company confirming compliance, forms an integral part of this Report which is
annexed herewith as “ANNEXURE A"
EMPLOYEES
The information as required under the provisions of Section 197(12) of the Companies Act, 2013 and
read with Rule 5(1), 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014, are set out in ANNEXURE-B attached herewith which forms part of this report.
The statement containing such particulars of employees as required in terms of the provisions of
Section 197(12) of the Act read with rules 5(2) and 5(3) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014, forms part of the Annual Report. Pursuant to the
provisions of the Section 136(1) of the Companies Act, 2013, the reports and accounts, as set out
therein, are being sent to all members of the Company, excluding the aforesaid information and the
same is open for inspection at the registered office of the Company during working hours up to the date
of Annual General Meeting and if any member is interested in obtaining such information, may write to
the Company Secretary at the registered office of the Company in this regard.
MANAGEMENT DISCUSSION AND ANALYSIS REPORT:
Pursuant to Regulation 34(2) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read with Schedule-V thereof, the Management Discussion and Analysis report has
been annexed to the Boards Report as ANNEXURE-C and forms part of the Annual Report
CORPORATE SOCIAL RESPONSIBILITY:
As per the provisions of Section 135 of the Companies Act, 2013 read with rules framed thereunder,
certain class of companies is required to spend 2 % of its average net profits of the company made
during 3 immediately preceding financial years on CSR activities. It also provides for formation of CSR
committee of the Board. The rules prescribe the activities qualify under CSR and the manner of spending
the amount. The company is not covered under section 135 of the Companies Act, 2013 and the rules
framed there under for the financial year under review.
AUDITORS:
M/s N.R. Krishnamoorthy & Co, Chartered Accountants having its office at No.11, 1st Floor, Balaji
Apartments, 1, Pinjala Subramania Street, T. Nagar, Chennai 600 017 is the Statutory Auditor of the
Company, and they hold office till the conclusion of the 35th Annual General Meeting to be held in the
calendar year 2030.
• Auditors Report
There were no qualifications, reservations, or adverse remarks in the Auditor's Report for the financial
year ended on March 31st 2025.
SECRETARIAL AUDITOR:
The Board of Directors of the company had appointed Mr. AJAY KUMAR BANTIA, Practicing Company
Secretary (C.P. No-13620), having address at I Floor, No. 30, Raja Bather Street T. Nagar, Chennai, Tamil
Nadu 600017 who has conducted the Secretarial Audit of the Company for the Financial Year 2024¬
2025. The Secretarial Audit report issued by him is attached to this report as ANNEXURE-D.
• Secretarial Audit Report
As there are no qualifications, reservation or adverse remarks or disclaimer made by the Company
secretary in whole time practice in the secretarial audit report, the need to provide explanation or
comments on the same by the Board of Directors does not arise.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION & FOREIGN EXCHANGE EARNINGS
OUTGO:
A. Details of Conservation of Energy: NIL
I.Steps taken or impact on conservation of energy
Il.Steps taken by the company for utilizing alternate sources of energy
Ill.Capital investment on energy conservation equipment
B. Technology Absorption: Nil
I.Efforts made towards technology absorption:
II.Benefits derived as a result of the above efforts:
III. In case of imported technology (imported during the last 3 years reckoned from the
beginning of the financial year):
(a) Details of technology imported:
(b) Year of import:
(c) Whether the technology been fully absorbed:
(d) If not fully absorbed, areas where absorption has not taken place, and the
reasons thereof:
IV. Expenditure incurred on Research and Development:
The Company has not incurred any cost towards undertaking R&D Activity during the period
under review.
C. Foreign Exchange Earnings and Outgo:
Foreign Exchange earned in terms of actual inflows during the year: NIL
Foreign Exchange outgo during the year in terms of actual outflows: NIL
DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION-
PROHIBITION AND REDRESSAL) ACT, 2013
Your company has always believed in providing a safe and harassment-free workplace for every
individual working in the company's premises through various interventions and practices. The
company always endeavors to create and provide an environment that is free from discrimination and
harassment including sexual harassment. The company have a formal Anti Sexual Harassment policy in
line with the requirements of The Sexual Harassment of Workmen at the Workplace (Prevention,
Prohibition & Redressal) Act, 2013. IC has been set up to redress complaints contractual, temporary and
trainees are covered under the policy.
The following is the summary of sexual harassment complaints received and disposed of during the
2024-2025: -
No. of complaints received: NIL
No. of complaints disposed of: NIL
RBI GUIDLINES:
The Company is registered with RBI as an NBFC-ND-NSI. The Company has complied with and continues
to comply with all applicable laws, rules, circulars and regulations, including the Master Direction's
Reserve Bank of India (Non-Banking Financial Company n Scale Based Regulation) Directions, 2023 and
guidelines notified there under.
COMPANY'S VISION AND PHILOSOPHY ON THE CODE OF GOVERNANCE:
The vision of Arihant's Securities Limited is to be a financially sound, profitable, growth oriented and
technology friendly Company committed to building values and maximizing gains for all its
stakeholders, for those doing business with it, and for others associated with it. In its pursuit to attain its
goals, the Company is laying maximum emphasis on the effective system of Corporate Governance
particularly with a view to improving its image, efficiency, effectiveness, and integrity in all its dealings.
The Company's Corporate Governance philosophy is to be ethical in its conduct of its business, to
constantly strive to grow with profits, and to enhance shareholders value to the maximum extent. The
Corporate Governance policies of your Company recognize the accountability of the Board of Directors
vis-a-vis all its constituents viz. Borrowers, Shareholders, Employees, Government & other Regulatory
Authorities, and others dealing with it and doing business with it.
POLICES OF COMPANY
All policies of the company are viewed on the website of the company www.arihantssecurities.com.
DIRECTORS' RESPONSIBILITY STATEMENT:
As per Section 134(3)(c) of the Companies Act, 2013 the Board of Directors hereby confirm the
following statement:
(i) In the preparation of the annual accounts for the financial year ending 31st March 2024,
the applicable accounting standards had been followed along with proper explanation
relating to material departures.
(ii) The directors had selected such accounting policies and applied them consistently and
made judgments and estimates that are reasonable and prudent so as to give a true and fair
view of the situation of the company as at March 31st 2025 and of the profit and loss of the
company for that period.
(iii) The directors had taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of the Companies Act, 2013 for
safeguarding the assets of the company and for preventing and detecting fraud and other
irregularities.
(iv) The directors had prepared the annual accounts on a going concerning basis; and
(v) The directors had laid down internal financial controls to be followed by the company
and that such internal financial controls are adequate and operating effectively and
(vi) The directors had devised proper systems to ensure compliance with the provisions of
all applicable laws and that such systems were adequate and operating effectively.
ACKNOWLEDGEMENT:
Your directors wish to place on record their deep appreciation of the dedication and commitment of
employees to the growth of your company during the year. Your directors also express their sincere
gratitude to the customers, bankers, consultants, Auditors and the shareholders for their continued
patronage and cooperation.
For and on behalf of the Board
ARIHANT'S SECURITIES LIMITED
AARISHA NISHIKANT MOHANLAL CHOUDHARY
MANAGING DIRECTOR DIRECTOR
DIN:08776407 DIN:02142746
Date: 04.09.2025
Place: Chennai
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