Notes to Accounts of RR Financial Consultants Ltd.

Mar 31, 2024

N Provision and contingencies

The company creates a provision when there exists a present obligation as a result of past event that probably
requires an outflow of resources and a reliable estimate can be made of the amount of the obligation. A
disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may,
but probably will not require an outflow of resources, when there is a possible obligation or a present obligation
in respect of which likelihood of outflow of resources is remote, no provision or disclosure is made.

O Research and Development

Revenue expenditure on research and development is charged as an expense in the year in which it is incurred
under respective heads of accounts. Expenditure which results in the creation of capital assets is capitalised
and depreciation is provided on such assets as applicable.

P Earnings per share

The Basic earning per share is computed by dividing profit or loss attributable to equity shareholders of the
company by weighted average number of equity shares outstanding during the year. The company did not have
any potential dilutive securities in any of the years presented.

Fair value Hierarchy

Level 1 - Quoted prices (unadjusted ) in active markets for identical assets or liabilities that the entity can
access at the measurement date.

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the assets or
liability , either directly(i.e. as prices) or indirectly (i.e. derived from prices).

Level 3 - Inputs for the assets and liabilities that are not based on observable market data
(unobservable inputs).

* The fair value of financial instruments have been calculated in reference to the intermediate
market rate of the stocks available.

FINANCIAL RISK MANAGEMENT OBJECTIVES AND POLICIES

The company''s principal financial liabilities compromise of loans and borrowing, trade and other payables. The
main purpose of these financial liabilities is to finance the company operations. The company financial assets
include loans, trade and other receivables, cash and cash equivalents that derive directly from its operations.

The company is exposed to market risk, interest rate risk, credit risk and liquidity risk. The company''s senior
management oversees the management of these risks.

Market risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate due to changes
in market prices. Such changes in the value of financial instruments may results from changes in the interest rate
risk, credit, liquidity and other market changes.

Interest rate risk

Interest rate risk is the risk that the fair value or future cash flow of financial instruments will fluctuate because of
changes in market interest rates.

Credit risk:

Credit risk is the risk that counterparty will not meet its obligations under a financial instruments or customer
contracts, leading to a financial loss. The company is exposed to credit risk from its operating activities(primarily
trade receivable) and from its investing activities and financial institutions and other financial instruments.

Liquidity risk:

Liquidity risk is the risk that an entity will have difficulties in paying its financial liabilities. The objective of liquidity
risk management is to maintain sufficient liquidity and ensure that funds are available for use as per requirements.

47 SEGMENT REPORTING

As per the management all fees are received from financial services and capital market. Therefore in accordance
with Indian accounting standard 108 on segment reporting, financial services is the only reportable business
segment and cannot be segregated. In the circumstances segment information required by Ind AS 108 of the
Institute of Chartered Accountants of India, is not applicable.

50 FOREIGN CURRENCY TRANSACTION

Expenditure incurred in Foreign Currency Nil

Income in foreign currency Nil

Other information Nil

51 In the opinion of the Board of Directors, all assets other than fixed assets have a value on realization in the
ordinary course of Business at least equal to the amount at which they are stated unless specified otherwise.

52 No provision has been made for amount of ? 3 Crore Paid against claim by a Investor in view of Management
same is recoverable from issuer company.

53 Parties accounts whether are debit or credit are subject to reconciliation and confirmation.

54 Non operative Bank balances whether in debit or credit are subject to confirmation and reconciliation.

55 Non operative Bank balances whether in debit or credit are subject to confirmation and reconciliation.

56 Previous year figures are regrouped and rearrange wherever necessary so as to make them comparable with
those of the current year.

57. Following disclosures shall be made where Loans or Advances in the nature of loans are granted to

promoters, directors, KMPs and the related parties (as defined under Companies Act, 2013,) either severally or
jointly with any other person, that are:

(a) repayable on demand or

(b) without specifying any terms or period of
repayment

59 No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any
other sources or kind of funds) by the Company to or in any other person(s) or entity (ies), including foreign
entities (“Intermediaries”) with the understanding, whether recorded in writing or otherwise, that the
Intermediary shall lend or invest in party identified by or on behalf of the Company (Ultimate Beneficiaries).

60 Company has not received any fund from any party(s) (Funding Party) with the understanding that the
Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or on
behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the
Ultimate Beneficiaries.

61 The Company do not have any Benami Property, where any proceeding has been initiated or pending against
the Company for holding any Benami property.

62 The Company do not have any transactions with the Companies struck off.

63 The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond

statutory period.

64 The Company do not has not invested in Crypto currency or virtual Currency during the financial year .

65 No provision has been made for GST Demand for Financial Year 2017-18 amounting to Rs. 2.58 Lacs as
being contested in Appeal.

66 The Company do not has not have any such transaction which is not recorded in the books of accounts that
have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax
Acts, 1961(such as search or survey or any other relevant provisions of the Income Tax Act , 1961

SIGNED IN TERMS OF OUR
SEPARATE REPORT OF EVEN

FOR AND ON BEHALF OF THE BOARD OF DIRECTORS DATE.

Rajat Prasad Priyanka Singh Kalpana Shiv Kumar Yadav For G.C.Agarwal & Associates

(Managing Director) ( Director) ( Company Secretary) (CFO) Chartered Accountants

DIN:- 00062612 DIN:- 05343056 Firm Regn. No. 017851N

G.C.Agarwal

PLACE: New Delhi Partner

DATED: 18.05.2024 Membership no: 083820

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Jun 30, 2015

1.RELATED PARTY DISCLOSURE

As per Accounting Standard 18, the disclosures of transactions with the related parties are given below :

a List of Related Parties. (as identified and certified by the Management)

S.N Name of the Related Party Relationship o.

1 Shri Raghunandan Prasad Key Managerial Personnel

2 Shri Rajat Prasad Key Managerial Personnel

3 Mrs. P.S.Prasad Key Managerial Personnel

4 Mrs. Minu Tondon Key Managerial Personnel

5 Shri Monojit Bose Key Managerial Personnel

6 Shri Manish Agarwal Key Managerial Personnel

7 Shri Anurag Awasthi Key Managerial Personnel

8 Shri Sumit Kumar Sharma Key Managerial Personnel

9 Shri Tapas Shankar Das Gupta Key Managerial Personnel

10 Shri Tapas Kumar Biswas Key Managerial Personnel

11 Shri Jeetesh Kumar Key Managerial Personnel

12 Shri Sandeep Kumar Dhall Key Managerial Personnel

b Transactions during the year with related parties.

Remuneration Key Managerial Personnel Rs 71,98,456

Amount Due from us as Key Managerial Personnel Rs 79,92,000

Amount Due to us as Associate Company Rs 4,99,673

2. Previous year's figures has bee n regrouped and rearranged wherever consi dered necessary so as to make them comparable with those of the current year.

3. Micro, Small and Medium Enterprises Development Act, 2006

On the basis of information and record available with the Management, the following disclosure pursuant to the above Act are made for the amount due to the Micro and small Enterprises, who have registered with the competent authorities :

4. The accounts of Two Subsidiaries of RR Financial Consultants Ltd, Two Subsidiaries of R R Equity Brokers Private Limited, One Subsidiary of RR Investors Capital Services private limited and One subsidiary of RR Infra Estate Private Ltd., whose financial year closes on 31st March 2015 have been prepared for the year ended on 30th June 2015 for the purpose of consolidation.

5. As per the management all fees are received from financ ial services and capital markets. Therefore, in accord ance with Accounting Standard 17 issued by The Institute of Chartered Accountants of India (AS17) on segment reporting, financial services is the only reportable business segments and cannot be segregated. In the circumstances segment information required by AS 17, cannot be furnished.

6. The management has not provided / account for deferred tax liability / assets in hold! ng company, in accordance with the Accounting Standards 22 issued by The Institute of Chartered Accountants of India (AS22) on 'Accounting for Taxes on Income' as the same is not expected to be realized in the foreseeable future.

7. Foreign Currency Transactions

Expenditure incurred in Foreign Currency Nil

Income in Foreign Currency Nil

Other Receipts Nil

8. Contingent Liabilities and Commitments. (to be extent not provided for)

(i) Contingent Liabilities shall be classified as :

(a) Claims against the company not acknowledged as debts 2043 Lacs

(b) Bank guarantees outstanding*

Against Loan 1300 Lacs

Against Margin of stock Exchange 900 Lacs

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

(i i) Commitments shall be classified as :

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

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

(c) Other commitments (specify nature) . NIL

9. During the year, pursuant to the provisions of Schedule II to the companies Act, 2013 with effect from 1st April 2014, the Company has revised the estimated useful life of the Assets as mentioned in Note no 1(d) (ii & iii). Pursuant to the transition provisions prescribed in Schedule II to the Companies Act, 2013, the Company has fully depreciated the carrying Value of assets (net of residual value), where the remaining useful life of the asset was determined to be Nil as on 1 st April, 2014 and has been adjusted to the opening retained earnings. For the other assets the carrying amount as on 1st April 2014 will be amortized over the remaining useful life of assets. As a result:-

10. An amount of Rs. 15,81,677/- has been recognized to the opening retained earnings as on 1st April, 2014.

11. Depreciation expense for the year ended 30th June is lower by Rs 3,40,948/-

12. All Parties Accounts and bank accounts are subject to confirmation.

13. Balance with Bank in deposit accounts include deposit of 5000000/- ( previous year Rs 5000000/- under lien with IRDA)

14. In one of the subsidiary which is NBFC Management has classified all Advances/Loans given as standard Assets as in its opinion and as per stipulations of contract all advances/Loans including Interest are payable on demand.

15. Extraordinary items for the current year is Rs.1,63,97,052, includes amount paid for claim and damages.

16. No provision has been made for amoun t of Rs 3 Crore Paid against claim by a Investor as same is recoverable from issuer company.

17. No provision has been for Sundry debtors more than 6 month ( as shown In note no 16 ) which includes revenues provided on estimated basis in the earlier years as mentioned in Accounting Policy of the financial statements as steps is being taken by the management to reconcile and recover the amount.

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Jun 30, 2014

Key Management Personnel

RAJAT PRASAD MANAGING DIRECTOR

RAGHUNANDAN PRASAD DIRECTOR

PRIYANKA SINGH DIRECTOR

1 Contingent Liabilities and Commitments

(to be extent not provided for)

(i) Contingent liabilities shall be classified as:

(a) Claims against the company not acknowledged as debts; Nil

(b) Bank guarantees outstanding against Loan for 400 Lacs subsidiary Co.

(c) Bank guarantees outstanding against Stock Exchange 900 Lacs for subsidiary Co.

(d) Other money for which the company is contingently liable Nil

(ii) Commitments shall be classified as:

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

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

(c) Other commitments (specify nature) Nil

2 Segment Reporting

As per the management all fees are received from financial services and capital market. Therefore in accordance with accounting standard 17 on segment reporting, financial services is the only reportable business segment and cannot be segregated. In the circumstances segment information required by AS 17 of the Institute of Chartered Accountants of India, cannot be furnished.

3 Micro, Small and Medium Enterprises Development Act, 2006

On the basis of information and record available with the Management, the following disclosure pursuant to the above Act are made for the amounts due to the Micro and Small Enterprises, who have registered with the competent authorities:

4 Foreign Currency Transaction

Expenditure incurred in Foreign Currency Nil

Income in foreign currency Nil

Other information Nil

35 DEFERRED TAX

The management has not provided / accounted for deferred tax liability / assets in terms of accounting standard (A.S-22) on ''Accounting for Taxes on Income'' issued by the Institute of Chartered Accountants of India as the same is not expected to be realized in the foreseeable future.

5 Parties accounts whether are debit or credit are subject to reconciliati on and confirmation.

6 Inoperative Bank accounts are subjected to confirmation.

Previous year figures are regrouped and rearrange wherever necess ary so as to make them comparable with those of the current year.

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Jun 30, 2013

Basis of Preparation of Financial Statements

The accounts have been prepared on a going conce rn basis according to the hi storical cost convention according to th e accrual system of accounting materially comply with the mandatory accounting statements and standards issued by the Institute of Chartered Accountants of India and the relevant presentational requirements of the Companies Act, 1956. The significant accounting policies followed by the company are as follows:

1 Segment Reporting

As per the management all fees are received from financial services and capital market. Therefore in accordance with acc ounting standard 17 on segment reporting, financial services is the only reportable business segment and cannot be segregated. In the circumstances segment information required by AS 17 of the Institute of Chartered Accountants of India, cannot be furnished.

2 DEFERRED TAX

The management has not provided / accounted for deferred tax liability / assets in terms of accounting standa rd (A.S. – 22) on ''Accounting for Taxes on Income'' issued by the Institute of Chartered Accountants of India as the same is not expected to be realized in the foreseeable future.

3 Parties accounts whether is debit or credit are subject to reconciliation and confirmation.

4 Previous year figures are regrouped and rearrange wherever necessary so as to make them comparable with those of the current year.

nil

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Jun 30, 2011

1. CAPITAL COMMITMENTS AND CONTINGENT LIABILITIES

Provision is made for all known liabilities except contingent liabilities that are disclosed at their estimated value as detail below:-

(a) Bank guarantees outstanding (30 June, 2011 - Rs. 2550 Lac).

(b) Capital commitments net of Advances (30 June, 2011 - Rs. Nil).

2. DEFERRED TAX

The management has not provided / accounted for deferred tax liability / assets in terms of accounting standard (A.S. - 22) on Accounting for Taxes on Income' issued by the Institute of Chartered Accountants of India as the same is not expected to be realized in the foreseeable future.

3. SEGMENT REPORTING

As per the management all fees are received from financial services and capital market. Therefore in accordance with accounting standard 17 on segment reporting, financial services is the only reportable business segment and cannot be segregated. In the circumstances segment information required by AS 17 of the Institute of Chartered Accountants of India, cannot be furnished.

4. RELATED PARTY DISCLOSURES

List of Related Parties (as identified and certified by the Management)

Parties where control exists Relationship

RR Investors Capital Services (P) Ltd Subsidiary

RR Insurance Brokers (P) Ltd Subsidiary

Arix Consultants (P) Ltd Subsidiary

RR Equity Brokers (P) Ltd. Subsidiary

RR Fincap (P) Ltd. Subsidiary

RR Infra Estates (P) Ltd. Subsidiary

Associates Companies

RR Investor Securities Trading (P) Ltd.

RR Commodity Brokers (P) Ltd.

RR IT Solutions (P) Ltd.

RR Information & Investment Research (P) Ltd.

RR Land Estates (P) Ltd.

RR Investor Distribution Company (P) Ltd.

Lakshminarayan Infra Estates Pvt. Ltd.

RR Investor Retail Services (P) Ltd.

Key Management Personnel

Rajat Prasad Managing Director

Raghunandan Prasad Director

5 Share Trading (Net) Rs 64,03,009/- has been shown after deducting purchases of Shares/debenture of Rs. 22,444,616/- from sale of ShareDebenture of Rs 28,847,625/-.

6 Dividend paid amounting of Rs 55,30,350/- was approved by the members in the AGM held on 31-12-2010.

7 Prior Period items of Rs 220.33 Lacs includes amount paid towards amount of Govt. dues of previous years.

8. RECLASSIFICATION

Previous year's figures have been regrouped or rearranged wherever considered necessary so at to make them comparable with those of the current year.

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Jun 30, 2010

1. CAPITAL COMMITMENTS AND CONTINGENT LIABILITIES

Provision is made for all known liabilities except contingent liabilities that are disclosed at their estimated value as detail below:-

(a) Bank guarantees outstanding (30 June, 2010 - X 695 Lac).

(b) Capital commitments net of Advances (30 June, 2010 - Rs. Nil).

2. DEFERRED TAX

The management has not provided / accounted for deferred tax liability / assets in terms of accounting standard (A.S. - 22) on Accounting for Taxes on Income issued by the Institute of Chartered Accountants of India as the same is not expected to be realized in the foreseeable future.

3. SUPPLEMENTARY PROFIT AND LOSS STATEMENT DATA

(a) Capacity and production - Not applicable June30,2010 June 30, 2009

(b) Earnings in foreign exchange- Nil Nil

(c) Expenditure in foreign currency Nil Nil

(d) Payments to auditors -Auditors Fees 16,545 16,545

4. SEGMENT REPORTING

As per the management all fees are received from financial services and capital market. Therefore in accordance with accounting standard 17 on segment reporting, financial services is the only reportable business segment and cannot be segregated. In the circumstances segment information required by AS 17 of the Institute of Chartered Accountants of India, cannot be furnished.

5. RELATED PARTY DISCLOSURES

List of Related Parties (as identified and certified by the Management)

Parties where control exists Relationship

RR Investors Capital Services (P) Ltd Subsidiary

RR Insurance Brokers (P) Ltd Subsidiary

Arix Consultants (P) Ltd Subsidiary

RR Equity Brokers (P) Ltd. Subsidiary

RR Fincap (P) Ltd. Subsidiary

RR Infra Estates (P) Ltd. Subsidiary

Associates Companies

RR Investors Securities Trading (P) Ltd. (Formally Known as RR Share Trading (P) Ltd.)

RR Commodity Brokers (P) Ltd.

RR IT Solutions (P) Ltd.

RR Information & Investment Research (P) Ltd.

Key Management Personnel

Rajat Prasad Managing Director

Raghunandan Prasad Director

6. RECLASSIFICATION

Previous years figures have been regrouped or rearranged wherever considered necessary so at to make them comparable with those of the current year.

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Jun 30, 2009

1. CAPITAL COMMITMENTS AND CONTINGENT LIABILITIES

Provision is made for all known liabilities except contingent liabilities that are disclosed at their estimated value as detail below:-

(a) Bank guarantees outstanding Rs 195 Lac (30 June, 2009 - Rs. 195 Lac).

(b) Capital commitments net of Advances Rs. Nil (30 June, 2009 - Rs.Nil).

2. DEFERRED TAX

The management has not provided / accounted for deferred tax liability / assets in terms of accounting standard (AS. - 22) on Accounting for Taxes on Income’ issued by the Institute of Chartered Accountants of India as the same is not expected to be realized in the foreseeable future.

3. SEGMENT REPORTING

As per the management all fees are received from financial services and capital market. Therefore in accordance with accounting standard 17 on segment reporting, financial services is the only reportable business segment and cannot be segregated. In the circumstances segment information required by AS 17 of the Institute of Chartered Accountants of India, cannot be furnished.

4. RECLASSIFICATION

Previous year’s figures have been regrouped or rearranged wherever considered necessary so at to make them comparable with those of the current year.