1 Statement of Compliance
These financial statements have been prepared in accordance with the Indian Accounting standards (Ind AS)
notified under Section 133 of the Companies Act, 2013 (the Act) read with Companies (Indian Accounting
Standards) Rules, 2015, as amended and other relevant provisions of the Act.
2 Accounting Convention
The accounts are prepared under the ‘Historical Cost Convention ’ method.
3 Basis of Accounting
The accounts are prepared as per the ‘Accrual Basis of Accounting ’
The accounts are prepared on going concern basis, as the ban by the SEBI by its order dated November 12,
2007 from accessing the securities market and also prohibiting the Company from buying, selling or otherwise
dealing or associating with the securities market in any manner, whether directly or indirectly, for a period of
five years ends on November 12,2012. The Company has shown its intent to do business of trading in shares
and securities thereafter.
4 Revenue Recognition
(i) Prolit/Losses from Share Trading activity is recognised on ‘FIFO Cost ’ basis on uade dates.
(ii) Dividend income is recognised as and when the dividend is received.
5 Investments
Long-term Investments are stated at cost less provision for diminution, other than temporary,
in the value of the investments
6 Valuation of Stock-in-trade
Trading Stock of Shares is valued at lower of Cost or Market Value. The cost is determined
on the basis of‘FIFO’
7 Deferred Tax
In terms of Accounting standard 22, “Accounting for taxes on income” issued by the Institute
of Chartered Accountants of India, the Deferred Tax Assets have not been created in the accounts
for the year ended 31st March, 2025 as the Company considers that there is no reasonable
certainty of sufficient future taxable income being available against which such tax assets can be
realised/ utilised.
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