m) Provisions and Contingencies

A provision is recognized when there is a present obligation
as a result of past event and it is probable that there will be an
outflow of resources in respect of which a reliable estimate can be
made. Contingent liabilities are disclosed when there is a possible
obligation arising from past events, the existence of which will be
confirmed only by the occurrence or non-occurrence of one or
more uncertain future events not wholly within the control of the
Company or a present obligation that arises from past events where
it is either not probable that an outflow of resources will be required
to settle or a reliable estimate of the amount cannot be made.
Information on contingent liability is disclosed in the Notes to the
Financial Statements. Contingent assets are not recognised.

c) Deferred tax

Management reviewed the deferred tax assets/liabilities on temporary differences between the tax base of assets and liabilities and their
carrying amounts for financial reporting purpose at reporting date and in view of virtual uncertainty of taxable profits, the deferred tax (net
assets) on temporary differences for the reporting financial year i.e. 01.04.2021 to 31.03.2022 has not been considered.

31 Leases

The Company has leased facilities under cancellable operating lease arrangements with a lease term ranging from one to five years, which are
subject to renewal at mutual consent thereafter. The cancellable arrangements can be terminated by either party after giving due notice. The lease
rent expenses recognised during the year amounts to ? 4.56 lakhs ( Previous year: ? 2.59 lakhs)

The Company has leased facilities under cancellable operating lease arrangements with a lease term ranging from one to five years, which are
subject to renewal at mutual consent thereafter. The cancellable arrangements can be terminated by either party after giving due notice. The lease
rent expenses recognised during the year amounts to ? 8,48,700 ( Previous year: ? 10,45,200)

32 Segment Information as required by Ind AS - 108 'Operating Segments'

The Company is in the business of capital market activities which comprises of proprietary trading in securities and derivatives, merchant
banking, having similar economic characteristics which is regularly reviewed by the Chief Operating Decision Maker for assessment of Company's
performance and resource allocation. Hence, the Company has only one reportable segment under Ind-AS 108 'Operating Segments' .

34 Financial risk management objectives
Financial risk factors

The Company's activities expose it to a variety of financial risks: market risk( equity price risk), credit risk and liquidity risk. The Company's
primary focus is to foresee the unpredictability of capital markets and seek to minimize potential adverse effects on its financial performance.
The risk management policies are established to ensure timely identification and evaluation of risks, setting acceptable risk thresholds, identifying
and mapping controls against these risks, monitor the risks and their limits, improve risk awareness and transparency.

I. Market risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. The
Company is exposed in the ordinary course of its business to risks related to equity price flactuations and interest rates.

(a) Equity price risk

Equity Price Risk is related to the change in market reference price of the investments in equity securities. The fair value of some of the
Company's investments measured at fair value through other comprehensive income exposes the Company to equity price risks. These
investments are subject to changes in the market price of securities.

The following details the Company's sensitivity to a 5% movement in the fair value of such equity instruments as at the end of the
reporting period(s): -

II. Credit risk

Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in financial loss to the Company.
Credit risk encompasses of both, the direct risk of default and the risk of deterioration of creditworthiness as well as concentration
risks. Currently company is not exposed to credit risk as it has zero trade receivables.

III. Liquidity risk

Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The objective of liquidity risk management is to
maintain sufficient liquidity and ensure that funds are available for use as per requirements. The Company generates sufficient cash
flow for operations, which together with the available cash and cash equivalents and short term investments provide liquidity in the
short-term and long-term.

35 Financial instruments

A Capital management

"The Company manages its capital to ensure that the Company will be able to continue as a going concern while maximising the return
to stakeholders through efficient allocation of capital towards expansion of business, opitimisation of working capital requirements and
deployment of surplus funds into various investment options.

The Company's capital requirement is mainly to fund its capacity expansion and repayment of principal and interest on its borrowings. The
principal source of funding of the Company has been, and is expected to continue to be, cash generated from its operations supplemented
by funding from borrowings from banks and other parties.

The Company monitors its capital using gearing ratio, which is net debt divided to total equity. Net debt includes, interest bearing loans and
borrowings less cash and cash equivalents, bank balances other than cash and cash equivalents while equity includes all capital and reserves
of the Company.

* FVTOCI - Fair Value Through Other Comprehensive Income
#FVPL- Fair Value through Profit and loss

The fair value of financial assets and liabilities are included at the amount at which the instrument could be exchanged in a current
transaction between willing parties in an orderly market transaction, other than in a forced or liquidation sale.

Fair value hierarchy

Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices)
or indirectly (i.e. derived from prices).

Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs)

*The variances (Adverse) in the (i) current ratio is due to larger increase in the short term borrowing in comparision to hte smaller increase in stock-
in-trade due to diminution in the valuation, decrease in trade receivales etc. (ii) Debt Equity ratio is due to large increase in borrowings & decrese in
equity due to absence of profit or loss suffered during the year and (iii) Debt Service coverage ratio is due to abesence of profit before finace cost
(interest) and depreciation.

**The variances (Adverse) in the (i) Net Capital Turnover ratio and Inventory Turnover ratio is due to decrease in revenue from operations (ii) Net
Profit ratio, Return on capital employed, Return on Investment is due to absence of profit or loss suffered during the year resulting in decrease in
share solders equity.

***The company is primarily engaged in the business of trading of securities which is high volatility segment, the Margin depends on fluctuation of
market prices of securities held by the company.

37 Valuatiion of Property, Plant & Equipment, intangible Asset

The company has not revalued its property, plant & machinery and Intangible Assets or both during the current or previous year

38 Loans or advances to specified persons

No loans or advances in the nature of loan are granted to prmoters, directors, KMPS, and the related parties (as defined under Companies Act, 2013)
either severally or jointly with other person, that are repayable on demand or without speciifyng any terms or period of repayments.

39 Details of Benami property held

No proceedings have been intiated on or pending against the company for holding benami property under the Benami Transactions (Prohibition)
Act, 1988(45 of 1988) and rules made thereunder.

40 Borrowing secured against current assets

Company has not obtained any borrowings against current assets during the year.

41 Wilful Defaulter

The company has not been declared wilful defaulter by any bank or financial institution or other lender.

42 Relationship with struck off companies

The company has no transactions with the companies struck off under section 248 of the companies Act, 2013 or section 560 of the companies act,
1956.

43 Registration of charges or satisfaction with registration of Companies(ROC)

There are no charges or satisfaction yet to be registered with Registrar of Companies (ROC) beyond the statutory Period.

44 Compliance with number of layers of companies

The companies has complied with number of layers prescribed under the section 2(87) of the Companies Act, 2013 read with companies (Restriction
on number of Layers) Rules, 2017

45 Compliance with approved scheme(s) of Amalgamation

The company has not entered into any schemes of arrangemnet which has an accounting impact on current or Previous financial year.

46 Utilisation of borrowed funds and Share premium

No funds 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 entities ("Intermediaries”) with the understanding, whether recorded in writing or
otherwise, that the Intermediary shall lend or invest in party identified by or on behalf of the Company (Ultimate Beneficiaries). The Company has
not received any fund from any party(Funding Party) with the understanding that the Company shall whether, directly or indirectly lend or invest in
other persons or entities identified by or on behalf of the Company ("Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf
of the Ultimate Beneficiaries

47 Undisclosed income

There is no income surrendered or disclosed as income during the cureent or previous year in the tax assessments under the income Tax
Act,1961,that has not been recorded previously in the books of Account.

48 Details of crypto currency or virtual currency

The company has not traded or invested in crypto curency or virtual currency during the current or previous year.

49 Utilisation of Borrowings availed from banks and financial institutions

The borrowings obtained by the company from the banks and financial institutions have been applied for the purposes for which such loans were
taken.

50 Previous year figures have been regrouped/rearranged, wherever considered necessary to conform to current year's classification.

See accompanying notes to the financial statements 1 to 50

As per our report of even date

For Satya Prakash Garg & Co. For and on behalf of the Board of Directors

Chartered Accountants Mefcom Capital Markets Limited

Firm's registration No. 017544N

Satya Prakash Garg Vijay Mehta Priyanka Mehta

Partner Managing Director Director

M. No.083816 DIN : 00057151 DIN : 00058291

Place : New Delhi Debashis K Mohanty Rachita Aggarwal

Dated : May 23, 2025 Chief Financial Officer Company Secretary