Notes to Accounts of Inani Securities Ltd.

Mar 31, 2024

I. Provisions, contingent liabilities and contingent assets:

A provision is recognised if, as a result of a past event, the Company has a present legal or constructive obligation
that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the
obligation. Provision is recognised at the best estimates of the expenditure required to settle the present obligation
at the balance sheet date. If the effect of the time value of money is material, provisions are discounted using a pre¬
tax rate that reflects, when appropriate, the risks specific to the liabilities.

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, is disclosed as a contingent liability.
Contingent liabilities are also 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.

Claims against the Company where the possibility of any outflow of resources in settlement is remote, are not
disclosed as contingent liabilities.

Contingent assets are not recognised in financial statements since this may result in the recognition of income that
may never be realised. However, when the realisation of income is virtually certain, then the related asset is not a
contingent asset and is recognised.

K. Revenue:

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the company and the
revenue can be reliably measured, regardless of when the payment is being made. Revenue is measured at the fair
value of the consideration received or receivable, taking into account contractually defined terms of payment net of
taxes or duties collected on behalf of the government. The specific recognition criteria described below must also
be met before revenue is recognized.

ii. a) Brokerage income and transaction charges are recognized on the trade date of the transaction upon
confirmation of the transaction by the exchanges

b) Trading income is recognized when a legally binding contract is executed.

c) . Depository & related income is accounted on accrual basis.

d) Depository transaction charges are recognized on completion of respective transaction. Annual maintenance
charges for depository accounts are accounted as and when the services are rendered

e) Income from portfolio management fees is recognized on the basis of agreements entered into with the clients
and when the right to receive income is established.

iii. Rental income:

Rental income is recognised as part of other income on a straight-line basis over the term of the lease except where
the rentals are structured to increase in line with expected general inflation.

iv. Dividend:

Dividend from investment is recognised as revenue when right to receive the payments is established.

v. Interest income:

Interest income is recognized using the effective interest rate method. The effective interest rate is the rate that
exactly discounts estimated future cash receipts through the expected life of the financial asset to the gross carrying
amount of a financial asset. While calculating the effective interest rate, the company estimates the expected cash
flows by considering all the contractual terms of the financial instruments but does not consider the expected credit
losses.

L. Income tax:

Income tax comprises current and deferred tax. It is recognised in profit or loss except to the extent that it relates to
a business combination or to an item recognised directly in equity or in other comprehensive income.

Current tax:

Current tax comprises the expected tax payable or receivable on the taxable income or loss for the year and any
adjustment to the tax payable or receivable in respect of previous years. The amount of current tax reflects the best
estimate of the tax amount expected to be paid or received after considering the uncertainty, if any, related to
income taxes. It is measured using tax rates (and tax laws) enacted or substantively enacted by the reporting date.

Current tax assets and current tax liabilities are offset only if there is a legally enforceable right to set off the
recognised amounts, and it is intended to realise the asset and settle the liability on a net basis or simultaneously.

Deferred tax:

Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and
liabilities for financial reporting purposes and the corresponding amounts used for taxation purposes. Deferred tax
is also recognised in respect of carried forward tax losses and tax credits.

Deferred tax assets are recognised to the extent that it is probable that future taxable profits will be available
against which they can be used. Deferred tax assets - unrecognised or recognised, are reviewed at each reporting
date and are recognised/ reduced to the extent that it is probable/ no longer probable respectively that the related tax
benefit will be realised.

Deferred tax is measured at the tax rates that are expected to apply to the period when the asset is realised or the
liability is settled, based on the laws that have been enacted or substantively enacted by the reporting date.

The measurement of deferred tax reflects the tax consequences that would follow from the manner in which the
Company expects, at the reporting date, to recover or settle the carrying amount of its assets and liabilities.

Deferred tax assets or liabilities are offset if there is a legally enforceable right to offset current tax liabilities and
assets, and they relate to income taxes levied by the same tax authority on the same taxable entity, or on different
taxable entities, but they intend to settle current tax liabilities and assets on net basis or their tax assists and
liabilities will be realised simultaneously.

Minimum alternate tax Credit Entitlement:

Minimum alternate tax (MAT) paid in a year is charged to the statement of profit and loss as current tax. The
Company recognizes a deferred tax asset on the MAT credit available only to the extent that there is convincing
evidence that the Company will pay normal income tax during the specified period, i.e., the period for which MAT
credit is allowed to be carried forward. The Company reviews the deferred tax asset created on MAT credit
entitlement asset at each reporting date and writes down the asset to the extent the Company does not have
convincing evidence that it will pay normal tax during the specified period.

M: Borrowing costs:

Borrowing cost are interest and other costs (including exchange differences relating to foreign currency borrowings
to the extent that they are regarded as an adjustment to interest cost) incurred in connection with the borrowing of
funds. Borrowing costs directly attributable to acquisition or construction of asset which necessarily take a
substantial period of time to get ready for their intended use are capitalised as part of cost of asset. Other borrowing
costs are recognised as an expense in the period in which they are incurred.

N: Earnings per share:

The basic earnings per share (‘EPS’) is computed by dividing the net profit / (loss) after tax for the year attributable
to the equity shareholders by the weighted average number of equities shares outstanding during the year.

For the purpose of calculating diluted earnings per share, net profit/(loss) after tax for the year attributable to the
equity shareholders and the weighted average number of equities shares outstanding during the year are adjusted
for the effects of all dilutive potential equity shares.

O: Foreign currency transactions:

In preparing the standalone financial statements of the Company, transactions in currencies other than the
Company’s functional currency (i.e., foreign currencies) are recognised at the rates of exchange prevailing at the
dates of the transactions. At the end of each reporting period, monetary items denominated in foreign currencies are
translated at the rates prevailing at that date. Non-monetary items carried at fair value that are denominated in
foreign currencies are translated at the rates prevailing at the date when the fair value was determined. Non¬
monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange
rate as at the date of initial transactions.

Exchange differences on monetary items are recognised in the statement of profit and loss in the period in which
they arise.

P: Cash and cash equivalents:

Cash and cash equivalents in the balance sheet comprise cash at bank and in hand and short-term deposits with
banks that are readily convertible into cash which are subject to insignificant risk of changes in value and are held
for the purpose of meeting short-term cash commitments.

As per out Report of even date attached

For G D Upadhyay & Co. For and on Behalf of the Board

Chartered Accountant

Firm Regd No.005834S Sd/-

Lakshmikanth Inani

(G.D. Upadhyay) Managing Director

Partner Din No:00461829

Membership No. 027187

Date: 28/05/2024 Sd/-

Place: Hyderabad, Telangana. Vishnukanth Inani

UDIN: 24027187BKERTQ8888 Whole Time Director

Din No: 00571377

13.2. The Company has obtained a term loan of Rs.51,73,238/- from ICICI Bank for Purchase of Flat in
Bangalore & the same is secured by mortgage of Flat which is repayable in 120 months with 10.60 % as
ROI.

13.3. The Company has also obtained a Car Loan of 10,25,000/- from HDFC Bank for purchase of Car which is
Repayable in 36 Months with 8.51% as ROI, The same has been closed during the year as Tenure of
loan is completed.

13.4. Working capital Loan from HDFC Bank is secured against mortgage of FDR worth Rs.1.80 Crores and
Overdraft Limit to the tune of Rs.161. Lakhs and 25 Lakhs of Clean OD and Rs.97 Lakhs of OD against
FDR worth RS.125 Lakhs is obtained from TMB and BG Limit of 300 Lakhs against FDR and collateral
property located in Mumbai in the name of Director Shri Vishnukanth Inani.

13.5. Deposit includes deposit received from client as security deposit for their trades.

13.6. The Company has not defaulted on repayments of Interest and Loans Investment as at Balance Sheet Date.

34. Approval of Financial Statements:

The Financial Statements were approved for issue by the Board of Directors on 28/05/2024.

35. Corporate Social Responsibility expenditure:

As per Section 135 of the Act, a Company meeting the applicability threshold, needs to spend at least 2%
of its average net profit for the immediately preceding three financial years on CSR activities. Corporate
social responsibility are not applicable to the company for the year ended 31^st March 2024.

36. Dividend paid and proposed:

No Dividends on equity shares were declared and paid by the Company during the year.

37. Capital Management:

The Company’s policy is to maintain a strong capital base so as to maintain investor, creditor and
market confidence and to sustain future development of the business. Management monitors the
return on capital as well as the level of dividends to ordinary shareholders.

The Company monitors capital using a ratio of ‘adjusted net debt’ to ‘total equity’. For this purpose,
adjusted net debt is defined as total liabilities, comprising interest-bearing loans and borrowings
and obligations under finance leases, less cash and cash equivalents. Adjusted equity comprises all
components of equity.

D. Other Statutory Information

(i) The Company did not have any transactions with companies struck off under section 248 of the Companies Act,
2013 or Section 560 of Companies Act, 1956 during the financial year.

(ii) No transactions to report against the following disclosure requirements as notified by MCA pursuant to
amended Schedule III:

(a) Crypto Currency or Virtual Currency

(b) Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and rules made
thereunder

(c) Registration of charges or satisfaction with Registrar of Companies

(d) Approved scheme(s) of Arrangements

(e) Number of layers of companies

(f) Undisclosed income

(g) Revaluation of PPE and intangible assets

(h) Title Deeds of immovable properties not held in name of the company

(i) Wilful defaulter

(iii) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including
foreign entities (Intermediaries)with the understanding that the 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.

(iv) 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

39. Event after the reporting period:

No significant adjusting even occurred between the balance Sheet date and date of the approval of these
financial statement by the Board of Directors of the Company requiring adjustment or disclosure.

40. Information with regard to other matters specified in Schedule III to the Act is either nil or not applicable to
the Company for the year.

41. The figures for the previous period have been regrouped / rearranged wherever necessary to conform to the
current period’s classification in order to comply with the requirements of the amended Schedule III to the
Companies Act, 2013 effective 1^st April, 2023.

Sd/- For and on Behalf of the Board

For G D Upadhyay & Co.

Chartered Accountant, Sd/-

Firm Regd No.005834S

Lakshmikanth Inani

(G D Upadhyay) Managing Director

Partner Din No.00461829

Membership No. 027187

Date: 28/05/2024 Sd/-

Place: Hyderabad, Telangana Vishnukanth Inani

UDIN: 24027187BKERTQ8888 Whole Time Director.

Din No.00571377

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Mar 31, 2014

1.1 Capital Advances include an amount of Rs.13,036,319/- paid to M/s. Mantri Developers for purchase of flat at Banglore.

1.2 Other Deposit includes deposits paid towards amenities i.e. Electricity, Telephone etc.

2.1 Provident fund for eligible employees is managed by the company in line with the Provident Fund and Miscellaneous Act, 1952. The plan guarantees interest at the rate notified by the Provident Fund Authorities. The contribution by the employer and employee together with the interest accumulated thereon are payable to employees at the time of their seperation from the company or Retierment which ever is earlier.

Sundry Debtors, Loans and Advances and Creditors are subject to confirmation and reconciliation

The company does not have whole time Company Secretary, as per requirements of Section 383A of the Companies Act, 1956.Hence, the accounts have not been signed by the company Secretary.

In the opinion of the Board of Directors, Current Assets and Loans and Advances have the value at which these are stated in the Balance Sheet, if, realized in the ordinary course of business, unless otherwise stated and adequate provisions of all known liabilities have been made and are not in excess of the amount reasonably required

The accounting policies adopted for segment reporting are in conformity with the accounting policies adopted for the company.

The turnover of Depositary Participant Segment is less than 10% of total turnover; hence there is no reportable segment as per Accounting Standard – 17 issued by the Institute of Chartered Accountants of India.

The company operates in only one segment i.e. ''India''. Hence separate information on geographical segment is not required.

Figures in brackets in these notes are in respect of previous year.

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Mar 31, 2013

1. General Information :

Inani securities limited a company incorporated in the year 1994 under companies act 1956, is listed on Bombay stock exchange.The company commenced its operations as an independent provider of information analysis and research covering Indian businesses, financial markets and economy to institutional clients. Over a period Inani Securities Ltd expanded its services offerings in the financial services space offering equity/ currency in NSE/BSE and MCX-SX, depository participant services, portfolio management services and distribution of mutual funds, bonds etc., The Company has its presence in the states of Andhra Pradesh and Maharashtra. The Company is one of the oldest and reliable players in the Indian Financial service space.

1.1 During the year there was no fresh issue of equity shares, hence balance at the begining of the year and at the end of the year remains the same i.e. 50,21,900 shares.

1.2 Details of shares held by shareholders holding more than 5% of the aggregate shares in the company.

2.1 The Company has obtained a term loan of Rs. 12,20,000/- from M/s. Alphera financial Services for purchase of motor car for use of directors, it is secured against mortagage of motor car which is repayable in 36 months with 10.01 % of ROI

2.2 The Company has obtained a term loan of Rs. 81.64 Lac from ICICI Bank for purchase of office at Bangalore, it is secured by mortagage of office which is repayable in 120 months with 10.75% as ROI., As the office was sold during the year the Bank loan was repaid and account was closed

2.3 Deposits includes deposits received from clients as security deposits for their trades.

3.1 Working capital loan from HDFC bank is secured aganist pledge of equity shares belonging to the directors, relatives & associated concerns and aganist mortagage of FDR worth Rs. 2.30 Crores.

4.1 As confirmed by the management, there are no dues above Rs. 1.00 Lakh outstanding for more than 45 days to Micro and Small Scale Undertakings.

5.1 Other Payable includes Statutory Dues and outstanding Liabilities

6.1 HDFC Short Term Mutual Funds amounting to Rs. 50,00,000/- has been mortagaged in HDFC bank for obtaining the cash credit limits and the NAV of these mutual funds as on 31/03/2013 is Rs. 65.49/- Lakhs.

7.1 Capital Advances include an amount of Rs.49,88,379/- paid to M/s. Mantri Developers for purchase of office at Banglore.

7.2 Other Deposit includes deposits paid towards aminities i.e. Electricity, Telephone etc.

8.1 Held as lien by banks aganist bank guarantees and Deposits with Banks''Includes deposits of Rs. 170.74 Lakhs (Previous year Rs. 403.95 Lakhs) with maturity of more than 12 months.

9.1 Other Advances include advances to Y. Ashwin amounting to Rs. 1,08,99,715/- which is overdue and the case is pending in the Court for recovery of the same.

10.1 Other Non Operating Income includes income from Rent and Commission received

11.1 Provident fund for eligible employees is managed by the company in line with the Provident Fund and Miscellaneous Act, 1952. The plan guarantees interest at the rate notified by the Provident Fund Authorities. The contribution by the employer and employee together with the interest accumulated thereon are payable to employees at the time of their seperation from the company or Retierment which ever is earlier.

I. Sundry Debtors, Loans and Advances and Creditors are subject to confirmation and reconciliation.

II. The company does not have whole time Company Secretary, as per requirements of Section 383A of the Companies Act, 1956.Hence, the accounts have not been signed by the company Secretary.

III. In the opinion of the Board of Directors, Current Assets and Loans and Advances have the value at which these are stated in the Balance Sheet, if, realized in the ordinary course of business, unless otherwise stated and adequate provisions of all known liabilities have been made and are not in excess of the amount reasonably required

IV. The accounting policies adopted for segment reporting are in conformity with the accounting policies adopted for the company.

The turnover of Depository Participant Segment is less than 10% of total turnover; hence there is no reportable segment as per Accounting Standard -17 issued by the Institute of Chartered Accountants of India.

The company operates in only one segment i.e. ''India''. Hence separate information on geographical segment is not required.

V. Figures in brackets in these notes are in respect of previous year.

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Mar 31, 2012

I. General Information :

Inani securities limited a company incorporated under companies act 1956, is listed on Bombay stock exchange, The company is a member of National Stock exchange, Bombay Stock exchange, MCX Stock Exchange and also depository Participant with CDSL the main activity of company is to deal in shares and securities, and provide DP services to its clients. The company has its presence in the states of Andhra Pradesh and Maharashtra. The Company is engaged in Stock broking & Depositary Participant Segments. The other activities such as Trading in Securities, DP services are incidental to Stock Broking activity.

1.1 During the year there was no fresh issue of equity shares, hence balance at the begining of the year and at the end of the year remains the same i.e. 50,21,900/- shares.

2.1 The Company has obtained a term loan of Rs. 12,20,000/- from M/s. Alphera financial Services for purchase of motor car for use of directors, it is secured against mortgage of motor car which is repayable in 36 months with 10.01% of ROI

2.2 The Company has obtained a term loan of Rs. 81.64 Lac from ICICI Bank for purchase of office at Bangalore, it is secured by mortgage of flat which is repayable in 120 months with 10.75% as ROI

3.1 Working capital loan from HDFC bank is secured against pledge of equity shares belonging to the directors, relatives & associated concerns and against mortgage of FDR worth Rs. 2.00 Crores.

3.2 Deposits includes deposits received from clients as security deposits for their trades.

4.1 As confirmed by the management, there are no dues above Rs. 1.00 Lakh outstanding for more than 45 days to Micro and Small Scale Undertakings.

5. Other Payable includes Statutory Dues and outstanding Liabilities

6. HDFC Short Term Mutual Funds amounting to Rs. 50,00,000/- has been mortgaged in HDFC bank for obtaining the cash credit limits and the NAV of these mutual funds as on 31/03/2012 is Rs. 65.49/- Lakhs.

7. Capital Advances include an amount of Rs.10,098,772 paid to M/s. Mantri Developers for purchase of office at Banglore.

8. Other Deposit includes deposits paid towards amenities i.e. Electricity, Telephone etc.

9. Held as lien by banks against bank guarantees and Deposits with Banks Includes deposits of Rs. 403.95 Lakhs (Previous year Rs. 437.33 Lakhs) with maturity of more than 12 months.

10. Other Advances include advances to Y. Ashwin amounting to Rs. 10,899,715 which is overdue and the case is pending in the court for recovery of the same.

11. Other Non Operating Income includes income from Rent and Bad Debits Recovered

12. Provident fund for eligible employees is managed by the company in line with the Provident Fund and Miscellaneous Act, 1952. The plan guarantees interest at the rate notified by the Provident Fund Authorities. The contribution by the employer and employee together with the interest accumulated thereon are payable to employees at the time of their separation from the company or retirement which ever is earlier.

13. NOTES ON ACCOUNTS : 31/03/2012 31/03/2011

i) Contingent Liabilities : a) Uncalled Liability on account of 10000 partly paid right shares of HSE Securities limited NIL Rs. 75,000/-

b) Not provided for Bank Guarantee issued by the Banks. Rs. 393.00 Lacs Rs. 418.00 Lacs

ii. Sundry Debtors, Loans and Advances and Creditors are subject to confirmation and reconciliation.

iii. In the opinion of the Board of Directors, Current Assets and Loans and Advances have the value at which these are stated in the Balance Sheet, if, realized in the ordinary course of business, unless otherwise stated and adequate provisions of all known liabilities have been made and are not in excess of the amount reasonably required

iv. The accounting policies adopted for segment reporting are in conformity with the accounting policies adopted for the company.

The turnover of Depositary Participant Segment is less than 10% of total turnover; hence there is no reportable segment as per Accounting Standard - 17 issued by the Institute of Chartered Accountants of India.

The company operates in only one segment i.e. 'India'. Hence separate information on geographical segment is not required.

v. Figures in brackets in these notes are in respect of previous year.

vi. The financial statements for the year ended March 31, 2011 had been prepared as per the applicable, pre-revised Schedule VI to the Companies Act, 1956. Consequent to the notification of Revised Schedule VI under the Companies Act, 1956, the financial statements for the year ended March 31,2012 are prepared as per Revised Schedule VI. Accordingly, the previous year figures have also been reclassified to conform to this years classification. The adoption of Revised Schedule VI for previous year figures does not impact recognition and measurement principles followed for preparation of financial statements.

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Mar 31, 2011

31/03/2011 31/03/2010

1) Contingent Liabilities :

a) Uncalled Laiability on account of 10000 partly paid right shares of HSE Securities limited 75000 NIL

b) Not provided for Bank Guarantees issued by the Banks. 418 Lacs 451 Lacs

2) Secured Loans

Loan from HDFC Bank is secured against pledge of equity shares belonging to the Directors, Relatives & Group Company and against mortgage of FDR worth Rs.2 Crores.

Loan from TMB Ltd. is secured by way of pledge of FDR worth Rs.50 Lacs.

3) Sundry Debtors, Loans and Advances and Creditors are subject to Confirmation and reconciliation.

4) in the opinion of the Board of Directors, Current Assets and loans and Advances have the value at which these are stated in the Balance Sheet, if, realized in the ordinary course of business, unless otherwise stated and adequate provisions of all known liabilities have been made and are not in excess of the amount reasonably required.

5) As confirmed by the management, there are no dues above Rs. 1.00 Lakh outstanding for more than 45 days to Micro and Small Scale Undertakings.

6) Cash and Bank balance includes Rs. 66,012/- for unclaimed dividend declared in the year 2007-08.

7) The Company is engaged in Stock broking & Depositary Participant Segments. The other activities such as Trading in Securities, Investment banking are incidental to Stock Broking activity.

8) The turnover of Depository Participant Segmeent is less than 10% of total turnover: hence there is no reportable segment as per Accounting Standard -17 issued by the Institute of Chartered Accountants of india.

9) The company operates in only one Country i.e. India,. Hence separate information on geographical segment is not required. The accounting policies adopted for segment reporting are in line with the accounting policies adopted for preparation of financial information of the Company.

10) Related Party Disclosure as per Accounting Standard -18:

(The information is given as compiled and certified by the management).

Sl.No Associate Concerns

1 M/s. INANI COMMODITIES & FINANCE LIMITED

Key Management Personnel

1 Sri. LAKSHMIKANTH INANI

2 Sri. RAMAKANTH INANI

3 Sri. VISHNUKANTH INANI

Relatives of Key Management Personnel

1 Mrs. ANITA INANI

2 Mrs. CHAMPA DEVI INANI

11. Value of Imports on CIF Basis NIL NIL

12. Expenditure in Foreign Currency NIL NIL

13. Earnings in Foreign Currency NIL NIL

14. Figures in brackets in these notes are in respect of previous year.

15. Figures of previous have been regrouped/rearranged/reclassified, wherever considered necessary to confirm to current years presentation.

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Mar 31, 2010

1) Contingent Liabilities not provided for in respect of: Bank Guarantees issued by the Banks Rs.451.00 Lacs Rs. 428.00 Lacs

2) Secured Loans:

a) Loan from HDFC Bank is secured against pledge of equity shares belonging to the Directors, Relatives & Group Company.

3) In the opinion of the Board of Directors, Current Assets and loans and Advances have the value at which these are stated in the Balance Sheet, if, realized in the ordinary course of business, unless otherwise stated and adequate provisions of all known liabilities have been made and are not in excess of the amount reasonably required.

4) As confirmed by the management, there are no dues above Rs. 1.00 Lakh outstanding for more than 45 days to Micro and Small Scale Undertakings.

5) Cash and Bank balance includes Rs.66,012/- for unclaimed dividend declared in the year 2007-08

6) The Company is engaged in Stock broking & Depositary Participant Segments. The other activities such as Trading in Securities, Investment banking are incidental to

Stock Broking activity.

7) The turnover of Depository Participant Segmeent is less than 10% of total turnover:

hence there is no reportable segment as per Accounting Standard -17 issued by the Institute of Chartered Accountants of india.

8) The company operates in only one segement i.e. India,. Hence separate information on geographical segment is not required. The accounting policies adopted for segment reporting are in line with the accounting policies adopted for repafation of financial information of the Company.

9) Deferred Tax comprises of the following:

10) Related Party Disclosure as per Accounting Standard -18: (The information is given as compiled and certified by the management).

Sl.No Associate Concerns

1 M/s. INANI COMMODITIES & FINANCE LIMITED

Directors/Key Management Personnel

1 Sri. LAKSHMIKANTH INANI

2 Sri. RAMKANTH INANI

3 Sri. VISHNUKANTH INANI

Relatives of Key Management Personnel

1 ANITA INANI

2 CHAMPA DEVI INANI