Notes to Accounts of Peeti Securities Ltd.

Mar 31, 2024

22. Capital management

The Company''s policy is to maintain a strong capital base so as to safeguard its ability to continue as
a going concern, so that it can continue to provide returns for shareholders and benefits for other
stakeholders and for the future development of the Company In order to maintain or achieve an
optimal capital structure, the Company may adjust the amount of dividend payment, return on capital
to shareholders or issue of new shares.

L A

23. Contingent liabilities and commitments

There are no contingent liabilities and commitments as on 31 March 2024. (31 March 2023 -
Rs.Nil)

24. Earnings per share

Basic earnings per share is calculated by dividing:

- the profit attributable to owners of the group

- by the weighted average number of equity shares outstanding during the financial year, adjusted for
bonus elements in equity shares issued during the year and excluding treasury shares

The Company does not have any potentially dilutive equity shares outstanding during the year.

25. Leases
Operating leases

The Company has entered into conducting agreements for factory/ office premises classified under
operating lease. Operating lease payments are recognised as an expense in the Statement of Profit
and Loss as “Rent ” in Note 21 to the financial statements on the following basis, as applicable:minimum
fixed rent payabale as per lease agreement. The Company has given refundable interest free security
deposits in accordance with lease/ leave and license agreement.

26. Assets and liabilities relating to employee benefits

For details about the related employee benefit expenses, see Note 20.

The Company operates the following post-employment defined benefit plan:

The Company has a defined benefit gratuity plan in India, governed by the Payment of Gratuity Act,
1972 (Plan A). Plan A entitles an employee, who has rendered at least five years of continuous
service, to gratuity at the rate of fifteen days wages for every completed year of service or part thereof
in excess of six months, based on the rate of wages last drawn by the employee concerned. This
defined benefit plans expose the Company to actuarial risks, such as longevity risk, currency risk,
interest rate risk and market (investment) risk.

A

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A. Funding

The Company expects to pay INR 2.47 Lakhs in contributions to its defined benefit plans in 2023-24.

B. Reconciliation of the net defined benefit (asset) liability

The following table shows a reconciliation from the opening balances to the closing balances for the
net defined benefit (asset) liability and its components.

Plan A

Reconciliation of present value of defined benefit obligation for Gratuity

28. Financial instruments - Fair values and risk management
B. Financial risk management

The Company has exposure to the following risks arising from financial instruments:

a) credit risk

b) liquidity risk

c) market risk

Risk management framework

The Company''s board of directors has overall responsibility for the establishment and oversight of the
Company''s risk management framework. The Company''s risk management policies are established
to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls and
to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly
to reflect changes in market conditions and the Company''s activities. The Company, through its training
and management standards and procedures, aims to maintain a disciplined and constructive control
environment in which all employees understand their roles and obligations

The Company''s Board oversees how management monitors compliance with the Company''s risk
management policies and procedures, and reviews the adequacy of the risk management framework
in relation to the risks faced by the Company. The Board is assisted in its oversight role by internal
audit. Internal audit undertakes both regular and ad hoc reviews of risk management controls and
procedures, the results of which are reported to the audit committee.

a) Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial
instrument fails to meet its contractual obligations, and arises principally from the Company''s receivables
from customers; loans and investments in debt securities

The carrying amounts of financial assets represent the maximum credit risk exposure.

Trade receivables and loans

The Company''s exposure to credit risk is influenced mainly by the individual characteristics of each
customer. However, management also considers the factors that may influence the credit risk of its
customer base, including the default risk associated with the industry in which customers operate.

Cash and cash equivalents

The Company holds cash and cash equivalents of INR 336.98 Lakhs at 31 March 2024 (31 March
2023: INR 349.93 Lakhs). The credit risk on liquid funds is limited because the counterparties are
banks with high credit ratings assigned by international credit rating agencies.

b) Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated
with its financial liabilities that are settled by delivering cash or another financial asset. The Company''s
approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to
meet its liabilities when they are due, under both normal and stressed conditions, without incurring
unacceptable losses or risking damage to the Company''s reputation. The Company uses activity-
based costing to cost its products and services, which assists it in monitoring cash flow requirements
and optimising its cash return on investments.

-\

The Company aims to maintain the level of its cash and cash equivalents at an amount in excess of
expected cash outflows on financial liabilities (other than trade payables) over the next six months.
The Company also monitors the level of expected cash inflows on trade receivables and loans together
with expected cash outflows on trade payables and other financial liabilities.

Exposure to liquidity risk

The following are the remaining contractual maturities of financial liabilities at the reporting date. The
amounts are gross and undiscounted, and include contractual interest payments and exclude the
impact of netting agreements

The interest payments on variable interest rate loans in the table above reflect market forward interest
rates at the reporting date and these amounts may change as market interest rates change.

Except for these financial liabilities, it is not expected that cash flows included in the maturity analysis
could occur significantly earlier, or at significantly different amounts.

c) Market risk

Market risk is the risk that changes in market prices - such as foreign exchange rates, interest rates
and equity prices - will affect the Company''s income or the value of its holdings of financial instruments.
The objective of market risk management is to manage and control market risk exposures within
acceptable parameters, while optimising the return.

Interest rate risk

The Company adopts a policy of ensuring that between 80 and 90% of its interest rate risk exposure is
at a fixed rate. This is achieved partly by entering into fixed-rate instruments and partly by borrowing at
a floating rate instruments.

Exposure to interest rate risk

The interest rate profile of the Company''s interest-bearing financial instruments as reported to
management is as follows:

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

31. The Company has not taken any loans from the banks and other financial institutions on the basis of
security of current assets.

32. The company has not been declared the wilful defaulter by any bank, financial institution, government,
or government authority.

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

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

35. "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:

directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by
or on behalf of the group (Ultimate Beneficiaries) or provide any guarantee, security or the like to or
on behalf of the ultimate beneficiaries.

36. 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:

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

37. 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.

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

39. The Company has not revalued its property, plant and equipment (including right-of-use assets) or
intangible assets or both during the current or previous year.

Notes for change in the ratio more than 25% as compared to the preceding year

A. Due to decrease in "Current Liabilities" in the current year.

B. Due to decrease in "Profit for the year" in the current year.

C. Due to decrease in "Trade Payables " in the current year.

D. Due to decrease in "Earnings before interest and taxes" in current year.

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

The notes 1 to 40 are an integral part of the financial statements.

For MKPS & Associates For and on behalf of the Board

Chartered Accountants PEETI SECURITIES LIMITED

Firm Registration No. 302014E

Sd/- Sd/- Sd/- Sd/-

CA. Vikash Modi Sandeep Peeti Rajesh Pitty Priyanka Khandelwal

Partner Chairman and Managing Director Whole time Director and CFO Company Secretary

M. No. : 216468 DIN : 00751377 DIN : 00488722

UDIN: 24216468BKBUER7133

Place: Hyderabad
Date: 30.05.2024

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Mar 31, 2014

1. Estimated amount of Contracts to be executed on capital account and not 31-03-2014 31-03-2013 provided for

2. Contingent liabilities and commitments NIL NIL (to the extent not provided for)

(i) Contingent Liabilities

(a) Claims against the Company not acknowledged as debts

(b) Guarantees NIL NIL

(c) Other money for which the company is contingently liable NIL NIL

(ii) Commitments NIL NIL

(a) Estimated amount of contracts remaining to be executed on capital amount and not provided for

(b) Uncalled liability on shares and other investments partly paid NIL NIL

(c) Other Commitments NIL NIL

3. Segment Repoting: Disclosures requirements of Accounting Standard -17 are not applicable for the Company for the current financial year 2013-14. As the Company has been operating in a single Segment i.e., Trading in Textiles.

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Mar 31, 2013

1. No additional provision has been made in current year for Gratuity as existing provision is sufficient to meet any Contingent payment to be made on this account.

2 Segment Reporting: Disclosures requirements of Accounting Standards -17 are not applicable for the Company for the Current Year 2012-13, as the Company has been operating in a single segment i.e., Trading in Textiles

i) No amount is due to Small Scale Industrial Undertaking to whom the company owes a sum exceeding Rs.1,00,000/- for more than 30-days

ii) This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company.

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Mar 31, 2012

1 Additional information pursuant to the provision of Part-II of Schedule-VI to the Companies Act. 1956 to the extent applicable

2 Segment Reporting: Disclosures requirements of Accounting Standards -17 are not applicable for the Company for the Current Year 2011-12, as the Company has been operating in a single segment i.e., Manufacturing and Trading in Textiles

3 The financial statements for the year ended 31st March, 2011 had been prepared as per the then applicable, pre- revised Schedule VI to the Companies Act,1956. Consequent to the notification under the Companies Act,1956, the financial statements for the year ended 31st March, 2012 are prepared under revised Schedule VI. Accordingly, the previous year figures have also been reclassified to conform to this year's classification.

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Mar 31, 2011

1.Contingent Liabilities:

a) Claims against Company not acknowledged as debts: NIL NIL

b) Liability on partly paid-up shares : NIL NIL

c) Contracts Remaining to be Executed on Capital Accounts : NIL NIL

2. Value of imports on CIF basis : NIL NIL

3. Expenditure in Foreign Currency : NIL NIL

4. Earnings in Foreign Currency NIL NIL

5 Discloures in accordance with Section 22 of Micro Small and Medium Enterprises Development Act 2006.

i) No amount is due to Small Scale Industrial Undertaking to whom the company owes a sum exceeding Rs. 1, 00,000/- for more than 30 days.

ii) This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act. 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company.

6. Related Party Disclosure:

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

List of Related Parties;

Name of Relation Name of Related Party

1. Wife Of Managing Director 1 Nisha Peeti

2. Wife of Executive Director 2. Sonika Peeti

Directors & Key Managerial Personnel.

1. Sandeep Peeti

2. Rajesh Peeti

Other Associates and Related Concerns

1. Peeti & Co

7 Segment Reporting: Disclosures requirements of Accounting Standard -17 are not applicable for the Company lor the current year 2010-2011. As the Company has been operating in a single Segment i.e. Manufacturing & Trading in Textiles.

8. No additional provision has been made in current year for Gratuity as existing provision is sufficient to meet any Contingent payment to be made on this account.

9. Previous Year's Figures have been regrouped, rearranged and reclassified wherever necessary.

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Mar 31, 2010

1. Contingent Liabilities:

a) Claims against Company not acknowledged as debts : NIL ( Previous year NIL )

b) Liability on partly paid-up shares NIL ( Previous year NIL )

c) Contracts Remaining to be Executed on Capital Accounts NIL ( Previous year NIL )

2. Value of imports on CIF basis NIL NIL

3. Expenditure in Foreign Currency NIL NIL

4. Earnings in Foreign Currency NIL NIL

5. Quantity Particulars as required Under Part II of Schedule VI of the Companies Act, 956.

i) No amount is due to Small Scale Industrial Undertaking to whom the company owes a sum exceeding Rs. 1, 00,000/- for more than 30 days.

ii) This information as required to be disclosed under the Micro, Small and Medium Enterprises Development Act, 2006 has been determined to the extent such parties have been identified on the basis of information available with the Company.

6. Related Party Disclosure:

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

List of Related Parties:

Name of Relation Name of Related Party

1. Wife Of Managing Director 1. Nisha Peeti

2. Wife of Executive Director 2. Sonika Peeti

Directors & Key Managerial Personnel.

1. Sandeep Peeti

2. Rajesh Peeti

Other Associates and Related Concerns

1. Peeti & Co

7. Segment Reporting: Disclosures requirements of Accounting Standard -17 are not applicable for the Company for the current year 2009-2010. As the Company has been operating in a single Segment i.e. Manufacturing & Trading in Textiles.

8. Prior Year Expenditure debited to Profit & loss Account represents expenses pertaining to prior years of Rs. 15,246/-.

9.No additional provision has been made in current year for Gratuity as existing provision is sufficient to meet any Contingent payment to be made on this account.

10. Generic Names of Principal Products/Service of the company

Description

PRODUCTS i). Finishing Cloths