Notes to Accounts of Arihants Securities Ltd.

Mar 31, 2024

10. Provision, Contingent Liabilities and Contingent Assets:

Contingent Liabilities, if any, are disclosed by way of Notes to accounts. Provisions involving
substantial degree of estimation in measurement are recognized when there is a present
obligation as a result of past events and it is probable that there will be outflow of resources.
Provision is made in the accounts in respect of those contingencies which are likely to
materialize into liabilities after the year end, till the approval of accounts by the Board of
Directors and which have material effect on the position stated in the balance Sheet.

11. Prior Period Items and Changes in Accounting Policies:

According to the information and explanations given to us and in the opinion of the
management, there are no prior period items significantly affecting the Net Profit or Loss for
the current period or later periods. And also, there is no change in the Accounting Policies
used by the management in the preparation of Financial Statements

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Mar 31, 2015

1. There is no Earning and Expenditure in Foreign Currency during the year

2. Contingencies and Events after the Balance Sheet Date :

According to the information and explanations given to us, there are no Contingencies and Events after the Balance sheet date that require disclosure according to the Accounting Standard 4 on "Contingencies and Events Occurring after the Balance Sheet Date"

3. According to the information and explanations given to us, no impairment of assets is necessary.

4. Related Party Disclosure

According to Accounting Standard 18 on "Related Parties Disclosures", their names, relationship and transactions are as follows;

Name of Party Nature of Relationship

ASL Capital Holdings Private Limited Associate

Ravikant Choudhry Chairman - Key Management Personnel

Nishikant Choudhary Managing Director - Key Management Personnel

5. There are no loans and advances / Investments in its own shares by the company , their subsidiaries , associates, etc.,

There are no loans and advances in the nature of loans where there is no repayment schedule or repayment beyond seven years.

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Mar 31, 2014

1. There is no Earning and Expenditure in Foreign Currency during the year

2. Contingencies and Events after the Balance Sheet Date :

According to the information and explanations given to us, there are no Contingencies and Events after the Balance sheet date that require disclosure according to the Accounting Standard 4 on "Contingencies and Events Occurring after the Balance Sheet Date"

3. According to the information and explanations given to us, no impairment of assets is necessary.

4. There are no loans and advances / Investments in its own shares by the company , their subsidiaries , associates, etc.,

There are no loans and advances in the nature of loans where there is no repayment schedule or repayment beyond seven years.

Note 5: Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classification / disclosure.

Note 6 : As required in terms of paragraph 13 of Non Banking Financial (Non- Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007

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Mar 31, 2012

1. There is no Earning and Expenditure in Foreign Currency during the year

2. Contingencies and Events after the Balance Sheet Date :

According to the information and explanations given to us, there are no Contingencies and Events after the Balance sheet date that require disclosure according to the Accounting Standard 4 on "Contingencies and Events Occurring after the Balance Sheet Date"

3. According to the information and explanations given to us, no impairment of assets is necessary.

4. Related Party Disclosure

According to Accounting Standard 18 on "Related Parties Disclosures", their names, relationship and transactions are as follows;

5. There are no loans and advances / Investments in its own shares by the company , their subsidiaries , associates, etc.,

There are no loans and advances in the nature of loans where there is no repayment schedule or repayment beyond seven years

Note 6: The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements. This has significantly impacted the disclosure and presentation made in the financial statements. Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.

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Mar 31, 2011

1. The company follows mercantile system of accounting and recognized income and expenditure on accrual basis.

2. Fixed Asstes Depreciation

Fixed assets have been depreciated in accordance with Section 205 (2) (d) of the Companies Act, 1956.

3. Loans and Advances are unsecured and those considered doubtful have been fully provided for

4. Provisions is done as per the prudential norms prescribed by the Reserve Bank of India.

5. Other Income includes Rs. 8,908/- interest on Income Tax received from the Income Department for the Assessment Year 2009-10

6. Misce llaneous Expenses includes Rs. 41,914/- towards processing fees and Rs. 24,522/- towrds share register expenses.

7. Advances include Rs. 54,09,250/- towards property advance.

8. Investments Rs. 9,00,000/- represents Land at Sriperumbudur

9. Sundry Creditors include the amount received as advances during the normal course of business.

10. Contingencies and Events after the Balance Sheet Date:

According to the Inforamtion and explanations given to us, there are no contigencies and Events after the Balance sheet date that require disclosure according to the accounting Standard 4 on COntifencies and Events Occurring after the Balance Sheet Date.

11. Directors' Remuneration - Nil

12. Expenditure in foreign currency - Nil

13. Earnings in foreign currency - Nil

14. There are no amounts due to Small Scale Industries in terms of "Micro, Small and Medium Enterprises Development Act, 2006"

15. According to the information and explanations given to us, no impairment of assets is necessary.

16.Revenue Recognition:

a. Revenue from purchase and sale of shares by the Share Segment of the company are recorded on cash basis.

b. Interestincome earned by the Loan Segment is recorded on accrual basis.

c. Dividends are recorded when the right to receive payment is established.

17. Accounting for Leases:

Rentails are expensed with reference to the lease terms and other considerations.

18. Employee Benefits:

According to Accouting Standard 15 on "Employee Benefits", Short term employee benefits for services rendered by the employees are recognized during the period when the services are rendered.

19. Segment Reporting:

As per Accounting Standard 17 on "Segment Reporting", Segment information has been provided in tge annexure to the Financial Statements.

20. Related Party Disclosure:

According to Accouting Standard 18 on "Related Parties Disclosures", their names, relationship and transactions are as follows;

Name of Party Nature of Relationship

ASL Capital Holdings Associate Private Limited

Ravikant Choudhry Chairman - Key Management Personnel

Nishikant Choudhary Managing Director- Key Management Personnel

21. Previous year's figures have been regrouped, rearranged and reclassified wherever found necessary.

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Mar 31, 2010

1. The company follows mercantile system of accounting and recognizes income and expenditure on accrual basis.

2. FixedAssets Depreciation

Fixed assets have been depreciated in accordance with Section 205 (2) (d) of the Companies Act, 1956.

3. Loans and Advances are unsecured and those considered doubtful have been fully provided for

4. Provisioning is done as per the prudential norms prescribed by the Reserve Bank of India.

5. Advances include Rs. 50,00,000/- towards Property advance.

6. Investments Rs. 9,00,000/-represents LandatSriperumbudur

7. PaymenttoALditors

8. Contingencies and Events after the Balance Sheet Date:

According to the information and explanations given to us, there are no Contingencies and Events after the Balance sheet date that require disclosure according to the Accounting Standard 4 on "Contingencies and Events Occurring after the Balance Sheet Date"

9. DirectorsRemuneration - Nil

10. Expenditure in foreign currency - Nil

11. Earnings in foreign currency - Nil

12. There are no amounts due to Small Scale Industries in terms of "Micro, Small and Medium Enterprises Development Act, 2006"

13. According to the information and explanations given to us, no impairment of assets is necessary.

14. Revenue Recognition:

a. Revenue from purchase and sale of shares by the Share Segment of the company are recorded on cash basis.

b. Interest income earned by the Loan Segment is recorded on accrual basis.

c. Dividends are recorded when the right to receive payment is established.

15. Accounting for Leases:

Rentals are expensed with reference to the lease terms and other considerations.

16. Employee Benefits:

According to Accounting Standard 15 on "Employee Benefits", Short term employee benefits for services rendered by the employees are recognized during the period when the services are rendered.

17. Segment Reporting:

As per Accounting Standard 17 on "Segment Reporting", Segment information has been provided in the annexure to the Financial Statements.

18. Previous years figures have been regrouped, rearranged and reclassified wherever found necessary.