Notes to Accounts of Krishna Capital & Securities Ltd.

Mar 31, 2024

5.7. Provisions

Provisions are recognized when the Company has a present obligation (legal or constructive) as a result of a past
event, it is probable that an outflow of resources embodying economic benefit will be required to settle the
obligation and a reliable Estimate can be made of the amount of the obligation. When the Company expects some
or all of a provision to be reimbursed, the reimbursement is recognized as a separate asset but only when the
reimbursement is virtually certain, the expense relating to a provision is presented in the consolidated statement
of Profit and loss net of any reimbursement.

5.8. Contingent Liabilities

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by
the occurrence or non-occurrence of one or more uncertain future events beyond the control of the Company or
a present obligation that is not recognized because it is not probable that an outflow of resources will be required
to settle the obligation. A contingent liability also arises in extremely rare cases where there is a liability that
cannot be recognized because it cannot be measured reliably. The Company does not recognize a contingent
liability but discloses its existence in the financial statements.

5.9. Earnings per share:

Basic Earnings per Share is calculated by dividing the net profit/ loss for the year attributable to ordinary equity
holders by the weighted average number of equities shares outstanding during the year.

For the purpose of calculating diluted earnings per share, the net profit/ loss for the period attributable to
ordinary equity holders and the weighted average number of equities shares outstanding during the year are
adjusted for the effects of all dilutive potential equity shares, if any.

6. SIGNIFICANT ACCOUNTING JUDGEMENTS, ESTIMATES AND ASSUMPTIONS

The preparation of financial statements in conformity with the Ind AS requires the management to make judgments,
estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities and the
accompanying disclosure and the disclosure of contingent liabilities, at the end of the reporting period. Estimates and
underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period
in which the estimates are revised and future periods are affected. Although these estimates are based on the
management''s best knowledge of current events and actions, uncertainty about these assumptions and estimates could
result in the outcomes requiring a material adjustment to the carrying amounts of assets or liabilities in future periods.

In particular, information about significant areas of estimation, uncertainty and critical judgments in applying accounting
policies that have the most significant effect on the amounts recognized in the financial statements is included in the
following notes:

6.1. Business Model Assessment

Classification and measurement of financial assets depends on the results of the SPPI and the business model
test. The Company determines the business model at a level that reflects how groups of financial assets are
managed together to achieve a particular business objective. This assessment includes judgement reflecting all
relevant evidence including how the performance of the assets is evaluated and their performance measured, the
risks that affect the performance of the assets and how these are managed and how the managers of the assets
are compensated. The Company monitors financial assets measured at Amortised cost or fair value through other
comprehensive income that are derecognised prior to their maturity to understand the reason for their disposal
and whether the reasons are consistent with the objective of the business for which the asset was held.
Monitoring is part of the Company''s continuous assessment of whether the business model for which the
remaining financial assets are held continues to be appropriate and if it is not appropriate whether there has
been a change in business model and so a prospective change to the classification of those assets.

6.2. Fair value measurement:

When the fair values of financial assets and financial liabilities recorded in the balance sheet cannot be measured
based on quoted prices in active markets, their fair value is measured using various valuation techniques. The
inputs to these models are taken from observable markets where possible, but where this is not feasible, a
degree of judgment is required in establishing fair values. Judgments include considerations of inputs such as
liquidity risk, credit risk and volatility. Changes in assumptions about these factors could affect the reported fair
value of financial instruments.

6.3. Effective Interest Rate (EIR) method:

The Company''s EIR methodology, recognizes interest income / expense using a rate of return that represents the
best estimate of a constant rate of return over the expected behavioral life of loans given / taken and recognised
the effect of potentially different interest rates at various stages and other characteristics of the product life cycle
(including prepayments and penalty interest and charges).

This estimation, by nature, requires an element of judgement regarding the expected behavior and life-cycle of
the instruments, as well expected changes to India''s base rate and other fee income/ expense that are integral
parts of the instrument.

Note: 26: FAIR VALUE MEASUREMENT

26.1. Valuation Principle

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction
in the principal (or most advantageous) market at the measurement date under current market conditions (i.e.,
an exit price), regardless of whether that price is directly observable or estimated using a valuation technique. In
order to show how fair values have been derived, financial instruments are classified based on a hierarchy of
valuation techniques, as explained below.

26.2. Valuation Techniques
Equity Instruments

Quoted equity instruments on recognised stock exchanges are valued at Level 1 hierarchy being the unadjusted
quoted price as at the reporting date.

Unquoted equity instruments are valued at Level 3 hierarchy being unobservable inputs that are significant to the
measurement as a whole. Accordingly, the valuation technique involves the Net worth of the investee company.

Mutual Funds

Units held in funds are measured based on their published net asset value (NAV), taking into account redemption
and/or other restrictions. Such instruments are generally Level 2.

Foreign Exchange Contracts

Foreign exchange contracts include foreign exchange forward and swap contracts, interest rate swaps and over-
the- counter foreign exchange options. These instruments are valued by either observable foreign exchange rates,
observable or calculated forward points and option valuation models. With the exception of contracts where a
directly observable rate is available which are disclosed as Level 1, the Company classifies foreign exchange
contracts as Level 2 financial instruments when no unobservable inputs are used for their valuation or the
unobservable inputs used are not significant to the measurement (as a whole).

During the year there were no transfers between level 1 and level 2. Similarly, there were no transfers from or
transfer to level 3.

Note: 27: Ministry of Corporate Affairs (“MCA”) notifies new standard or amendments to the existing standards under Companies
(Indian Accounting Standards) Rules as issued from time to time. During the year ended 31st March, 2024, MCA has
not notified any new standards or amendments to the existing standards applicable to the Company.

Note: 28: The company uses an accounting software for maintaining its books of account which has a feature of recording audit
trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the
accounting software, except that audit trail feature is not enabled for certain direct changes to the data for users with
the certain privileged access right to the ERP application. Further, no instance of audit trail feature being tempered
with was noted in respect of the accounting software. Presently, the log has been activated at the application and the
privileged access to ERP continues to be restricted to limited set of users who necessarily require this access for
maintenance and administration of the database.

Note: 29: Additional Regulatory Information Required by Schedule III

a. Details of benami property held

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

b. Willful defaulter

The Company has not been declared willful defaulter by any bank or financial institution or any lender.

c. Relationship with struck off companies

The Company has no transactions with the companies struck off under Companies Act, 2013 or Companies Act,
1956.

d. Compliance with number of layers of companies

The Company has complied with the number of layers prescribed under the Companies Act, 2013.

e. Compliance with approved scheme(s) of arrangements

The Company has not entered into any scheme of arrangement which has an accounting impact on current or
previous financial year

f. Utilisation of borrowed funds and share premium

The Company has not advanced or loaned or invested (either from borrowed funds or share premium or any other
sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the
understanding that the Intermediary shall:

i. 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

ii. provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries

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:

i. 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

ii. provide any guarantee, security or the like on behalf of the ultimate beneficiaries

a. Undisclosed Income

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

b. Details of crypto currency or virtual currency

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

c. Valuation of PP&E, intangible asset and investment property

The Company has not revalued its property, plant and equipment or intangible assets or both during the
current or previous year.

d. Registration of charges or satisfaction with Registrar of Companies

There are no charges or satisfaction which are yet to be registered with the Registrar of Companies beyond
the statutory period.

Note: 30: - EVENTS OCCURRED AFTER THE BALANCE SHEET DATE

The company evaluates events and transactions that occur subsequent to the balance sheet date but prior to the
approval of the standalone financial statements to determine the necessity for recognition and/or reporting of
any of these events and transactions in the standalone financial statements. As of May 24, 2024, there were no
subsequent events to be recognized or reported that are not already previously disclosed.

For, Rinkesh Shah & Co. For and on Behalf of the Board of Director

(Chartered Accountants) Krishna Capital & Securities Limited

FRN: 129690W

SD/- SD/- SD/- SD/-

Rinkesh Shah Ashok Agrawal Vinod Agrawal Shweta Saparia

(Partner) Managing Director Director Company Secretary

Membership No: 131783 Din No: 00944735 Din No: 00413378 Membership No: A57041

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Mar 31, 2015

1. Corporate Information

Krishna Capital & Securities Limited (KCSL) is a Public Company domiciled in India incorporated under Companies Act, 1956. The company is engaged in the business of lending of capital and trading of securities.

2. Balance of Sundry Debtors, Creditors, Loans & Advances are subject to confirmation.

3. Cash balance & Closing Stock are physically taken, Valued & Certified by the Management.

4. Contingent Liabilities is NIL

5. There is a Book debt Tirupati Finlease Limited in respect of that Rs 19,01,351/- is outstanding to receive since long period, but the matter is lying with the court & according to the legal expert the company will definitely going to receive that amount so there is no need to have provision on the same

6. The Company's Investment as per Schedule 5 in quoted Share's quotation is not available

7. The company is holding equity Shares of Tirupati Finlease Limited of Rs 15,00,000/- which are long term in the nature. According to Accounting Standard-13 "Valuation of Investment' these are required to value at cost except there is reduction in the value other than temporary in the nature. There is reduction in the value of Investment of these share but it could not recognizable as well it is not incorporated because of legal court case is pending.

8. Figures of the previous period have been regrouped, whereever necessary, to make them comparable with the Current Year Figures.

9. Based on the information available with the company there are no outstanding dues to small-scale undertaking as at the year end.

10. Director's Gross Remuneration Amounted to Rs. CY 6,00,000 (PY 6,00,000)

11. Earning Per Share

a The amount used as the numerator in calculating basic and diluted earning per share is the net profit attributable to the shareholders of KRISHNA CAPITAL & SECURITIES LTD disclosed in the Profit & Loss Account

b The weighted average number of equity shares used as the denominator in calculating both basic and diluted earnings per share is 31,58,400

12. Disclosure Regarding Derivative Instruments and Unhedged Foreign Currency Exposure The outstanding foreign currency derivative contracts as at 31st March, 2015 in respect of various types of derivative hedge instruments and nature of risk being hedged are NIL

13. Previous Year's Figure have been regrouped & rearranged whereever considered necessary

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Mar 31, 2014

1 Balance of Sundry Debtors, Creditors, Loans & Advances are subject to confirmation.

2 Cash balance & Closing Stock are physically taken, Valued & Certified by the Management.

3 Contingent Liabilities is NIL

4 There is a Book debt Tirupati Finlease Limited in respect of that Rs 19,01,351/- is outstanding to receive since long period, but the matter is lying with the court & according to the legal expert the company will definitely going to receive that amount so there is no need to have provision on the same

5 The Company's Investment as per Schedule 18 in quoted Share's quotation is not available

6 The company is holding equity Shares of Tirupati Finlease Limited of Rs 15,00,000/- which are long term in the nature. According to Accounting Standard-13 "Valuation of Investment' these are required to value at cost except there is reduction in the value other than temporary in the nature.

There is reduction in the value of Investment of these share but it could not recognizable as well it is not incorporated because of legal court case is pending.

7 Figures of the previous period have been regrouped, whereever necessary, to make them comparable with the Current Year Figures.

8 Based on the information available with the company there are no outstanding dues to small- scale undertaking as at the year end.

9 Director's Gross Remuneration Amounted to Rs. CY 6,00,000 (PY 6,00,000)

10 Provision for tax is based on the assessable profits of the company computed in accordance with the Income Tax Act, 1961.

a CIF Value of Imports NIL

b FOB Value of Exports NIL

c Exp. In Foreign Currency NIL

d Earning in Foreign NIL

11 Earning Per Share

a The amount used as the numerator in calculating basic and diluted earning per shares is the net profit attributabatle to the shareholders of KRISHNA CAPITAL & SECURITIES LTD disclosed in the Profit & Loss Account.

b The weighted average number of equity shares used as the denominator in calculating both basic and diluted earnings per shares is 31,58,400

12 Figures have been rounded off to nearest rupee

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Mar 31, 2013

1 Balance of Sundry Debtors, Creditors, Loans & Advances are subject to confirmation.

2 Cash balance & Closing Stock are physically taken, Valued & Certified by the Management.

3 Contingent Liabilities is NIL

4 There is a Book debt Tirupati Finlease Limited in respect of that Rs 19,01,351/- is outstanding to receive since long period, but the matter is lying with the court & according to the legal expert the company will definitely going to receive that amount so there is no need to have provision on the same

5 The Company's Investment as per Schedule 18 in quoted Share's quotation is not available

6 The company is holding equity Shares of Tirupati Finlease Limited of Rs 15,00,000/- which are long term in the nature. According to Accounting Standard-13 "Valuation of Investment' these are required to value at cost except there is reduction in the value other than temporary in the nature.

There is reduction in the value of Investment of these share but it could not recognizable as well it is not incorporated because of legal court case is pending.

7 Figures of the previous period have been regrouped, whereever necessary, to make them comparable with the Current Year Figures.

8 Based on the information available with the company there are no outstanding dues to small- scale undertaking as at the year end.

9 Director's Gross Remuneration Amounted to Rs. CY 6,00,000 (PY 6,00,000)

10 Provision for tax is based on the assessable profits of the company computed in accordance with the Income Tax Act, 1961.

a CIF Value of Imports NIL

b FOB Value of Exports NIL

c Exp. In Foreign Currency NIL

d Earning in Foreign Exchange NIL

11 Earning Per Share

a The amount used a the numerator in calculating basic and diluted earning per shares is the net profit attributabatle to the shareholders of KRISHNA CAPITAL & SECURITIES LTD disclosed in the Profit & Los Account.

b The weighted average number of equity shares used as the denominator in calculating both basic and diluted earnings per shares is 31,58,400

12 Members Shareholding 5% or more of Issued & Subscribed Equity Share as on 31/03/2013

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Mar 31, 2012

1 Balance of Sundry Debtors, Creditors, Loans & Advances are subject to confirmation.

2 Cash balance & Closing Stock are physically taken, Valued & Certified by the Management.

3 Contingent Liabilities is NIL

4 There is a Book debt Tirupati Finlease Limited in respect of that Rs 19,01,351/- is outstanding to receive since long period, but the matter is lying with the court & according to the legal expert the company will definitely going to receive that amount so there is no need to have orovision on the same

5 The Company's quoted Share's [Long Term Investment] quotation is not available

6 The company is holding equity Shares of Tirupati Finlease Limited of Rs 15,00,000/- which are long term in the nature. According to Accounting Standard-13 "Valuation of Investment' these are required to value at cost except there is reduction in the value other than temporary in the nature.

There is reduction in the value of Investment of these share but it could not recognizable as well it is not incorporated because of legal court case is pending.

7 Figures of the previous period have been regrouped, whereever necessary, to make them comparable with the Current Year Figures.

8 Based on the information available with the company there are no outstanding dues to small- scale undertaking as at the year end.

9 Director's Gross Remuneration Amounted to Rs. CY 6,00,000 (PY 6,00,000)

10 Proviion for tax is based on the assessable profits of the company omputed in accordance with the Income Tax Act, 1961.

a CIF Value of Imports NIL

b FOB Value of Exports NIL

c Exp. In Foreign Currency NIL

d Earning in Foreign NIL

11 Earning Per Share

a The amount used a the numerator in calculating basic and diluted earning per shares is the net profit attributabatle to the shareholders of KRISHNA CAPITAL & SECURITIES LTD disclosed in the Profit & Los Account.

b The weighted average number of equity shares used as the denominator in calculating both basic and diluted earnings per shares is 31,58,400

12 Figures have been rounded off to nearest rupee.

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Mar 31, 2011

1. Balance of sundry debtors,creditors, loans & advances are subject to confirmation.

2. Cash Balance & Closing Stock are Physically taken, Valued & Certified by the Management.

3. Contingent Liabilities is N I L.

4. There is a Book debt Tirupati Finance Leasing Limited in respect of that Rs 19,01,351/- is outstanding to receive since long period, but the matter is lying with the court & according to the legal expert the company will definitely going to receive that amount so there is no need to have provision on the same.

5. The company's quoted Share's [Long Term Investment] quotation is not available.

6. The company is holding equity Shares of Tirupati Finance leasing limited of Rs 15,00,000/-, which are long term in the nature. According to Accounting Standard-13 "Valuation of Investment" these are required to value at Cost except there is reduction in the value other than temporary in the nature. There is reduction in the value of Investment of these share but it could not recognizable as well it is not incorporated because of legal court case is pending.

7. Figures of the previous period have been regrouped, wherever necessary, to make them comparable with the Current Year figures.

8. Based on the information available with the company there are no outstanding Dues to small-scale undertaking as at the year end.

9. Director's Gross Remuneration Amounted to Rs. 600000(420000)/-

10. Earning Per Share:

a) The amount used as the numerator in calculating basic and diluted earning per shares is the net profit attributabatle to the shareholders of KRISHNA CAPITAL & SECURITIES LTD disclosed in the Profit and Loss Account.

b) The weighted average number of equity shares used as the denominator in calculating both basic and diluted earnings per shares is 3158400.

11. Additional Information pursuant to provisions of para 3,4C and 4D of part II of the Schedule VI of the companies Act, 1956 are not applicable due to nature of business of the company.