Notes to Accounts of Market Creators Ltd.

Mar 31, 2024

2.3 Contingent Liability (Bank Guarantee)

Bank Guarantee available in the Company is Rs. 5.50 Crores, Out of which Rs.2.7875 Crores used as on
31st March, 2024.

3.2 Title Deed of the Immovable Property - Office occupied in the name of Company.

3.3 Details of Dues to Micro, Small & Medium Enterprises as defined under MSMED Act, 2006 -
Not Applicable

Note:

Debt Equity Ratio = Debt [Borrowings Accrued interest)/ Equity (Equity share capital Other Equity)

Net worth = Equity share capital Other Equity

Debt to Service Coverage Ratio - Profit before interest and Tax / interest expense

Total debt to Total assets - (Total debt (Debt securities Borrowings (other than debt securities) Deposits
Subordinated liabilities) / Total assets

3.7 The company does not have any Benami property, where any proceeding has been initiated or pending
against the company for holding any Benami property.

3.8 The company is not declared as wilful defaulter by any bank or financial Institution or any other lender.

3.9 There is no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to
237ofthe Companies Act, 2013.

3.10 Income not recorded in the Books : The company has no such transaction which is not recorded in the
books of accounts that has been surrendered or disclosed as income during the year in the tax assessments
under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax
Act, 1961.

3.11 The company have not traded or invested in Crypto currency or Virtual Currency during the year.

3.12 The company does not have any transactions with companies which is struck off under the Companies
Act.

3.13 The company does not have any charges or satisfaction which is yet to be registered with ROC beyond
the statutory period.

3.14 The company have 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.

3.15 The company have 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

3.16 Borrowing

Utilisation of borrowings

(a) The Company has used the borrowings from banks and financial institutions for the specific purpose
for which it was taken at the balance sheet date.

(b) The quarterly returns/statements of current assets filed by the Company with banks or financial
institutions in relation to secured borrowings wherever applicable, are in agreement with the books of
accounts.

3.17 Loan and Advances:

Where Loan and Advances in the nature of loans are granted to promoters, directors, KMPs (Key managerial
personnel) and the related parties ( as defined under Companies Act 2013 ), either severally or jointly with
any other person, that are
(a) Repayable on demand

fbl Without specifying anv terms or Deriod of reDavment

3.18 Based on our examination which included test checks, the company has used 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 software. Internal control
system was sufficient to manage it. However, report generated are not as per the requirement due to the
software glitch.

2.18 No any employee was in receipt of remuneration which in the aggregate more than or equal to Rs.1.20
Crore per annum or Rs.8.50 Lacs per month.

2.19 In the opinion of the Board, loans and advances and current assets are of the value stated, if realized, in
the ordinary course of business.

2.20 The information under the schedule of the Companies Act, 2013 are given to the extent applicable.

2.21 The company is engaged primarily in the broking business and accordingly there are no separate
reportable segments, as per Accounting Standard -17 Segment Reporting.”

2.22 Related Party Disclosure (as required by AS-18)

List of Related Parties

(a) Key Management Personnel and their Relatives

For SHAH & TALATI For And on behalf of the Board

Chartered Accountants

ICAI Registration No : 120183W

Dr. J. H. Shah, Chairman & CEO
Kalpesh J. Shah,

CA Vimal R Talati CFO

(Membership No. 047375) Rashmikant Acharya, Director

UDIN : 24047375BKDHYU1310 Place : Vadodara

Place: Nadiad Date: 17/05/2024

Date: 17/05/2024

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Mar 31, 2014

The previous period figures have been regrouped /reclassified, wherever necessary to conform to the current period presention following amended schedule VI of the Companies Act 1956.

1. No any employee was in receipt of remuneration which in the aggregate more than or equal to Rs.24.00 Lacs per annum or Rs.2.00 Lacs per month.

2. In the opinion of the Board, loans and advances and current assets are of the value stated, if realized, in the ordinary course of business.

3. The information under clauses 3, and 4 part-M of schedule VI of the Companies Act, 1956 are given to the extent applicable.

4. The company is engaged primarily in the broking business and accordingly there are no separate reportable segments, as per Accounting Standard -17 Segment Reporting."

5. Related Party Disclosure (as required by AS-18)

a List of Related Parties

(a) Associates and relatives (b) Key Management Personnel

J. Harklsondas & Co Dr. Jayantilal H.Shah - Whole time Director

Mani Market Creators Ltd Mr. Rashmikant Acharya - Whole time Director

H.D.Shah (HUF) Mr. Kalpesh J.Shah - Whole time Director

J. H.Shah (HUF) Mrs.Neela J. Shah Mr. Bhadra S. Shah

K. J. Shah (HUF) Mrs. Bins Acharya Mr. Kamlesh Bhagat

Y. H.Shah Mrs.Vaishali Mrs .Mita N. Shah K. Shah

Y. H. Shah (HUF) Ms. Priyanka Mr. Shailesh Acharya H. Shah

Y. Y. Shah Mr. Sanjay Christy

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Mar 31, 2013

The Company has only one class of shares refered to as equity shares having a par value Rs. of 10/-. Each holder of equity shares is entitled to one vote per share. There are no any change (i.e. issue of shares, Bought back, etc.) in number of shares at the beginning and at the end of the year.

In accordance with The Accounting standard -22 "Accounting For Taxes on Income" issued by ICAI the Company has considered Deferred tax assets and liability arising on account of timing differences as on year end. Hence provision for deferred taxes are made at the end of the year.

1.1 Other non current assets includes miscellaneous expenditure to the extent not written off.

1.2

No any employee was in receipt of remuneration which in the aggregate more than or equal to Rs.24.00 Lacs per annum or Rs.2r00 Lacs per month.

1.3

In the opinion of the Board, loans and advances and current assets are of the value stated, if realized, in the ordinary course of business.

1.4

The information under clauses 3, and 4 part-ll of schedule VI of the Companies Act, 1956 are given to the extent applicable.

1.5

The company is engaged primarily in the broking business and accordingly there are no separate reportable segments, as per Accounting Standard -17 Segment Reporting.

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Mar 31, 2012

The previous period figures have been regrouped/reclassified, wherever necessary to conform to the current period presentation following amended schedule VI of the Companies Act 1956.

1.1 SHARE CAPITAL

Particular As at 31 March 2011 2012 2011 Authorised

Equity Shares of 10 each 100,00,000(Previous year 1,00,00,000 equity shares 10,00,00,000 10,00,00,000

Issued Subscribed and paid up Equity Shares of 10 each 49,98,762 (Previous year 49,98,762) equity shares 4,98,87,620 4,99,87,620

Subscribed but not fully paid up Equity Shares of 10 each, 2.5 each paid up 3,095 3,095 1,238 (Previous year 1,238) equity shares

Total 4,99,90,715 4,99,90,715

The Company has only one class of shares referred to as equity shares having a par value of 10/- Each holder of equity shares is entitled to one vote per share. There are no any change (i.e. issue of shares, Bought back, etc.) in number of shares at the beginning and at the end of the year.

Shares in the company held by each shareholder holding more than 5 percent shares specifying the number of shares are as follows.

Name of Shareholder Equity Shares As at 31 March As at 31 March 2011 No. of %of No. of % of Shares Holding held Shares Holding held

Dr. Jayantilal H Shah (Chairman) 21,19,491 42.40 20,57,352 41.16

Mr. Rashmikant Acharya 13,38,200 (Whole Time Director) 26.77 13,38,200 26.77

1.2 RESERVES AND SURPLUS

Amt. in Particular As at 31 March, 31 2012 2011

Surplus

Opening balance 60,95,426.68 51,54,327.97 ( ) Net Profile/(Net Loss)

For the current 2,90,991.03 9,41,098.71

In accordance with The Accounting standard -22 "Accounting For Taxes on Income" issued by ICAI the Company has considered Deferred tax assets and liability arising on account of timing differences as on 31.03.2012.

1.3 TRADE PAYABLES

1.4 OTHER CURRENT LIABILITIES

1.5 SHORT TERM PROVISIONS

1.6 Fixed Assets: See next page

1.7 Non current Investment 1.8 No any employee was in receipt of remuneration which in the aggregate more than or equal to Rs.24.00 Lacs per annum or Rs 2.00 Lacs per month.

1.9 In the opinion of the Board, loans and advances and current assets are of the value stated, if realized in the ordinary course of business.

1.10 The information under clauses 3,and 4part -ii schedule vi of the Companies Act, 1956 are given to the extent applicable.

1.11 The company is engaged primarily in the broking business and accordingly there are no separate reportable segments, as per Accounting Standard -17 Segment Reporting.

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Mar 31, 2010

4. Particulars of expenditure incurred on employees who were in receipt of remuneration which in the aggregate was not less than Rs.24.00 Lacs per annum or Rs.2.00 Lacs per month.

No. of employees None

i) Salaries Nil

ii) Other perquisites Nil

2. Auditors Remuneration:

2009-10(Rs.) 2008-2009(Rs.)

(a)As an auditor 15,000.00 10,000.00

(b)In any other matter Nil Nil

3. In the opinion of the Board, loans and advances and current assets are of the value stated, if realized, in the ordinary course of business.

4. The information under clauses 3, and 4 part-II of schedule VI of the Companies Act, 1956 are given to the extent applicable.

5. Disputed Income Tax demand in respect of appeals has been filed : NIL

6. Previous Years figures have been regrouped and rearranged wherever necessary.

7. DEFERRED TAX

(a) In accordance with The Accounting standard -22 "Accounting For Taxes on Income" issued by ICAI the Company has considered Deferred tax assets and liability arising on account of timing differences as on 31.03.2010.

8. The company is engaged primarily in the broking business and accordingly there are no separate reportable segments, as per Accounting Standard -17 Segment Reporting."