Notes to Accounts of GACM Technologies Ltd.

Mar 31, 2025

Terms/ rights attached to equity shares_

The Company has two class of equity shares (Ordinary Equity shares and Equity shares having Differential Voting Rights) par value of Rs. 1 per share._

In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

Voting Rights_

(a) Ordinary Equity shares Rs. 1/- each per share One equity share is entitled to one vote

(b) Equity shares having Differential Voting Rights ?

1/- each per share Thousand equity shares is entitled to one vote

* During the Financial Year 2024-25, the Company has issued rights at 1 : 1 and allotted 34,02,87,057 ordinary equity shares of face value of Rs. 1 each fully paid up at an issue price of Rs. 1/- per share. (Previous Year 2023-24, the Company has allotted 11,12,75,857 ordinary equity shares of face value of Rs. 1 each fully paid up at an issue price of Rs. 1/- per share. Out of the issue 1,39,75,857 shares were issued against conversion of Unsecured loan amount of Rs 139,75,857 and balance shares of 9,73,00,000 were issued against cash.)

** During the Financial Year 2024-25, the Company has issued rights at 1 : 1 and allotted 5,91,09,227 equity shares with differential voting rights shares of face value of Rs. 1 each fully paid up at an issue price of Rs. 1/- per share. (Previous Year 2023-24,, the Company has allotted 10,60,439 equity shares with differential voting rights of face value of Rs. 1 each fully paid up at an issue price of Rs. 14/- per share with a premium of Rs. 13/- per share. Out of the issue 885,439 shares were issued against conversion of unsecured loan amount of Rs 1,23,96,146 and balance shares of 175,000 were issued against cash of Rs. 24,50,000.)

(b) Capital Commitments :

There were no capital comitments during the year

No 25 : Tax Expense

Deferred tax is provided on timing differences at the balance sheet date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes.

In view of carry forward of losses under tax laws in the current period, the Company is unable to demonstrate virtual certainty as required by the Explanation in Ind AS 12 ‘Accounting for taxes on income’. Accordingly, no deferred tax asset has been recognized as at the year-end as there is no virtual certainty supported by convincing evidence that sufficient future taxable income will be available against which such deferred tax asset can be realized.

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

Level 2 inputs are inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3 inputs are unobservable inputs for the asset or liability.

There have been no transfers between the levels during the period.

Financial instruments carried at amortised cost such as trade receivables, other financial assets, borrowings, trade payables and other financial liabilities are considered to be same as their fair values, due to short term nature.

Forfinancialasets&JliabilitiesJthatae^easuredalfirv^

No 30. Financial risk management objectives and policies

The Company’s principal financial liabilities comprise borrowings, trade and other payables. The main purpose of these financial liabilities is to finance and support Company''s operations. The Company’s principal financial assets include trade and other receivables and cash and cash equivalents and other bank balances that derive directly from its operations.

The Company is exposed to market risk, credit risk and liquidity risk. The Company’s senior management oversees the management of these risks. The Company’s senior management advises on financial risks and the appropriate financial risk governance framework for the Company. The Company''s financial risk activities are governed by appropriate policies and procedures and that financial risks are identified, measured and managed in accordance with the Company’s policies and risk objectives. The Board of Directors reviews and agrees policies for managing each of these risks, which are summarised below.

A. Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises two types of risk: interest rate risk and other price risk, such as equity price risk and commodity risk. Financial instruments affected by market risk include loans, borrowings and security deposits.

B. Credit risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables) and from its investing activities (short term bank deposits). The Company only deals with parties which has good credit rating / worthiness given by external rating agencies or based on companies internal assessment.

C. Liquidity risk

Liquidity risk refers to the risk that the Company can not meet its financial obligation. The objective of liquidity risk management is to maintain sufficient liquidity and ensured that funds are available for use as per requirements. The Company manages liquidity risk by maintaining adequate reserves, banking facilities and reserves borrowing facilities, by continuously monitoring forecast and actual cash flows, and by matching the maturity profiles of financial assets and liabilities.

No 33. Capital management

For the purpose of the Company’s capital management, capital includes issued equity capital, share premium and all other equity reserves attributable to the equity holders of the Company. The primary objective of the Company’s capital management is to maximise the shareholder value. The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares. The Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt. The Company includes within net debt, interest bearing loans & borrowings, less cash and cash equivalents.

In order to achieve this overall objective, the Company''s capital management, amongst other things, aims to ensure that it meets financial covenants attached to the interest-bearing loans and borrowings that define capital structure requirements. Breaches in meeting the financial covenants would permit the bank to immediately call loans and borrowings. There have been no breaches in the financial covenants of any interest-bearing loans and borrowing in the current year.

No changes were made in the objectives, policies or processes for managing capital during the years ended March 31, 2025 and March 31, 2024.

No 31 Significant event after the reporting period

There were no significant adjusting event that accrued subsequent to the reporting period which may require an adjustment to the balance sheet.

No 32 Corporate social responsibility (CSR)

As per Section 135 of the Companies Act, 2013, a company does not meeting the applicability threshold, and hence no need to spend on corporate social responsibility (CSR) activities.

No 33 Other Statutory Information

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

2. The Company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

3. The Company does not have any charges or satisfaction yet to be registered with ROC beyond the statutory period.

4. The Company do not have any transactions with Crypto Currency or Virtual Currency where the Company has traded or invested in Crypto Currency or Virtual Currency during

5. The Company has not advanced or loaned or invested funds to any other persons or entities, including foreign entities (Intermediaries) with the understanding that the

(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.

6. The Company has not received any fund from any persons or entities, including foreign entities (Funding Party) with the understanding (whether recorded in writing or

(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.

7. The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority.

8. The Company does not have any 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.

No 34 Earnings Per Share

Basic EPS amounts are calculated by dividing the profit for the year attributable to equity holders by the weighted average number of Equity shares outstanding during the year.

Diluted EPS amounts are calculated by dividing the profit attributable to equity holders (after adjusting for interest on the convertible debentures) by the weighted average number of Equity shares outstanding during the year plus the weighted average number of Equity shares that would be issued on conversion of all the dilutive potential Equity shares into Equity Shares.

No 36 Loans, Advances, and Sundry Debtors stated in the Balance sheet are, in the opinion of the management are realizable in the ordinary course of business. No 37 Previous year figures

Previous year figures have been regrouped / reclassified wherever necessary to confirm to the current year classification.

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Mar 31, 2024

2 >16 Provisions audGlbntiorgcdcie^ ,

Provisions arc recognised when the Company has a pLosojii obligation (legal or constructive) as a result of a past event, it is probable that an outflow of resources embodying economic benefits w ill be required to settle ihe 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, foe example; under an insurance contract ihe reimbursement is recognised as a separate asset, hut only when the reimbursement is virtually certain.

The expense relating to ei provision is presented in the statement of profit and loss net of any reimbursement. If the effect of the lime value of money is material, provisions arc discounted using a current pre-tax rate that reflects, when appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost.

A provision for onerous contracts is recognised when the expected benefits to be derived by the Company from a contract are lower than the unavoidable cost of meeting its obligations under the contract. The provision is measured at ihe present value of the lower of the expected cost of terminating the contract and the expected net cost of continuing with the contract. Before a provision is established, the Company recognises any impairment loss on the assets associated with that contrast.

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or iinn-occurrence of one or more uncertain future events beyond tile control of the Company or a present obligation that is not recognized because it is not probable that an outflow of resources will he 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 hut discloses its existence in the standalone financial statements.

Provisions and contingent liability are reviewed at each balance sheet.

2.17 Burrowing rusts

Borrow ing costs eonsi si of interest and other costs that an entity incurs in connect ion with the borrowing of funds including interest expense calculated using the effective interest method, finance charges in respect of assets acquired on IInance lease. Borrowing cost also includes exchange differences to the extent regarded as an adjustment to the borrowing costs. Borrowing costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a substantial period of time to get ready lor its intended use or sale are capitalised as pari of the cost of the asset until such Lime as Ihe assets arc substantially ready for the intended use or sale. All other borrowing costs are expensed in Ihe year In which they occur,

2.18 Related party transactions

The transactions with related parties are made on terms equivalent to those that prevail in arm''s length transactions. Outstanding balances at the period-end are unsecured and settlement occurs in cash or credit as per the terms of the arrangement. Impair merit nssessmeni is undertaken each financial year through examining the financial position of the .related party and ihe market in which Ihe related party operates,

2.19 financial instruments

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

Kiri linedal assets

Initial recognition and measurement

All financial assets are recognised initially at fair value plus, in the case of financial assets not recorded at fair value 111 rough profit or loss, transaction costs that are attributable to Ihe acquisition of the financial asset Subsequent measurement nf financial assets: All recognised financial assets are subsequently measured in their entirely at either amortized cost or fair value, depending on the classification financial assets.

f ollowing are the categories of financial instrument:

a) Financial assets at amortized cost.

b) “Financial assets at fair value through other comprehensive income (FVTOC1)"

c) f inancial assets at fair value through profit or loss (FVTPL) ft) Financial assets at amortized cost

Financial assetsare subsequently measured at amortized cost using the effective interest rale method if'' these financial assets are held within a business whose objective is to hold these assets in order to collect contractual cash flows and (he contractual terms of the financial asset give rise on spec filed dates to cash flows that are solely payments of principal and interest on the principal amount outstanding, b) 1''rnancial assets at lair value through oilier comprehensive income (FVTCJC1) "

Debt financial assels measured al FVOCI:

Debt instruments are subsequently measured at fair value through olher comprehensive income if it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and the contractual terms of llie financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on I he principal amount outstanding.

Equity Instruments designated at FVOCfi

On Initial recognition, the C ompany makes an irrevocable election on an insmiment-by-insimmeru basis to present the subsequent changes in fair value in other comprehensive income pertaining to investments in equity instruments, other than equity investment which arc held for trading. Subsequently, they arc measured at fair value with gains and losses arising from changes In fair value recognised in other comprehensive income and accumulated in the ‘Reserve for equity instruments through other comprehensive income’. The cum illative gain or loss is not reclassified to profit or loss on disposal of the investments.

cl financial assets at fair value through profit or loss (f''V''fPL)

Investments in equity instruments are classified as at FVTPL. unless the Company irrevocably elects on initial recognition to present subsequent changes in fair value in other comprehensive income for investments in equity instruments which are not held for trading. Oilier financial assets such as unquoted Mutual funds arc measured tit fair value through profit or loss unless it is measured at amortized cost or ut fair value through oilier comprehensive income on initial recognition.

I >o recognition

& fin^c ial asset (ory where appli^a bio, a part of a financi al assbt oir part of a grou p of simi lajjj* financial assets) is primarily derecognized (i.e.. removed from the Company’s balance sheet) when:

a) the rights to receive cash flows from the asset have expired, or

h) the Company has transferred its rights to receive cash flows from the asset, and

i. the Company has transferred substantially all (he risks and rewards of the asset, or

ii. the Company has neither transferred nor retained substantially all the risks and rewards of the asset but has transferred control of the asset.

When the Company has transferred its rights to receive cash flows from an asset or has entered into a pass-Lh rough arm n gem cut, it evaluates if’and to what extent it has retained the risks and rewards of ownership. When it has neither transferred nor retained substantially all of the risks and rewards, of the asset, nor transferred control of the asset, the Company continues to recognize the transferred asset to (lie extent of the Company’s continuing involvement. In that case, the Company also recognises an associated liability. The transferred assets and the associated liability arc meastired on a basis that reflects the rights and obligations that the Company has retained. Continuing involvement that takes the form of a guarantee over the transferred asset is measured al the lower of the original carrying amount of the asset and the maximum amount of consideration that the Company could be required to repay.

1 m pair m cn t oflinaniial iisst-ts

Jn accordance with Ind AS 109. the Company applies expected credit loss (‘ECL) model for measurerr^iu and recognition of j&nfratnnem loss on the following financial assets and credit risk exposure:

a) f inancial assets (hat are deb! instruments, and arc measured at amortized cost e.g., loans,

deposils, trade receivables and bank balance

b) financial assels that are debt instalments and arepleasured at I V IOCS, e) financial guarantee contracts which arc no! measured as at FVTPL,

"The Company follows ''simplified approach’ for recognition of impairment loss allowance on trade receivables. The application of simplified approach docs not require (lie Company lo track changes in credit risk. Rather, it recognises impairment loss allowance based on lifetime f CLs at each reporting date, right from its initial recognition. ”

"For recognition of impairment loss on oilier financial assets and risk exposure, the Company determines that whether there lias been a significant increase in the credit risk since initial recognition. IT credit risk lias not increased significantly, 12-month ECL is used to provide lor impairmenf loss. Ho we vet, iT credit risk has increased significantly, lifetime ECL is used, If, in a subsequent period, credit quality of the instrument improves such that ihere is no longer a significant increase in credit risk since initial recognition, then the entity reverts lo recognising impairment loss a I Iowa nee based on 12-month ECL,

Lifetime ECL are (he expected credit losses resulting from ail possible default events over the expected life of a financial inshli ment. The 12-month EC i is a portion pf the I i I el i me ECL which rcsulls from do raid I events that are possible within 12 months after the reporting date. "

ECL is the difference between all contractual cash flows that arc due lo the Company in accordance with ilic contract and all the cash llous that the cntilv expects to receive (i.e., all cash shortfalls), discounted at the original LIE. When estimating (he cash Mows, an cnlity is required lo consider:

i} All contractual terms of the financial i n strum ent (including prepayment, extension, call

and similar options) over the expected fife of the financial instrument. However, in rare cases when the expected life of the financial instrument cannot be estimated reliably, then the entity is required to use the remaining contractual term of the financial instrument

ii) ii) Cash flows from the sale of collateral held or other credit enhancements that are integral lo the contractual terms.

ECL impairment loss allowance (or reversal) recognized during the period is recognized as income/ expense in tine Statement of Profit and Loss. 1 his amount is reflected under the head "other expenses’ in the Statement of Profit and Loss. In the balance sheet. ECL is presented as an allowance, i.e., as an integral part of (lie measurement of those assets in the balance sheet. The allowance reduces (he net carrying amount. UnfiJ the asset meets write-off criteria, the Company docs not reduce impairment allowance from the gross canying amount.

Offsetting:

Financial assets and financial liabilities arc offset and the net amount is reported in the standalone balance sheet if there is a currently enforceable legal right to offset l be recognised amounts and there is an intention tosetiloon a not basis, to realize the assets and settle the liabilities simultaneously

Financial Liabilities

Initial recognition and measurement

Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings, payables. All financial liabilities arc recognised initially at lair value and, in the ease oMoans and borrowings and payables, net oI'' directly attributable transaction costs. I hc Company''s financial liabilities include trade and other payables, loans and borrowings.

So bseq uent niea su tern e n <

"The measurement of financial liabilities depends on their classification, as described bekm:" Financial liabilities at lair value through profit or loss

Financial liabilities at fair value through profit or loss include financial liabilities designated upon initial recognition as at fair value through profit or loss.

Financial liabilities designated upon initial recognition at fair value through profit or Joss are designated as such at the initial date of recognition and only iff lie criteria in Ind AS 109 arc satisfied. For liabilities designated as FV I’PL. lair value gains/ losses attributable to changes in own credit risk arc recognized in OCI. These gains/ losses are net subsequently transferred to P&L. However, the Company may transfer the cumulative gain or loss within equity. All other changes in the fair value of such liability are recognised ill the statement of profit or loss. The Company has not designated any financial liability as at fair value through profit and loss,

Gains or losses on liabilities held for trading are recognised in Ihc profit or loss.

l-’iuancial liabilities designated upon initial recognition at fair value through profit or loss arc designated as such at the initial dale of‘recognition, and only if the criteria in Ind AS 109 arc satisfied. For liabilities designated as IVTPL. fair value gains/ losses attributable to changes in own credit risk are recognized in OCI, These gains/ loss arc not subsequently transferred to P&L. I lowcver. the Group may transfer the cumulative gain or loss within equity. All other changes in the lair value of such liability are recognised in the statement of profit or loss.

Loans and borrowings

''Hiis is the category most relevant to the Company, After initial recognition, interest’bearing loans and borrowings arc subsequently measured at amortized cost using the EIR method. Gains and losses arc recognised in profit or loss when the liabilities are derecognized as well as through the L1R amortization process. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the MIR. The Fill amortization is included as finance costs in (lie statement of profit and loss.

Dorecugnilinn

"A financial liability is derecognized when the obligation wider the liability is discharged or cancelled or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as the de-recognition of the original liability and the recognition of a new liability. Hie difference in I he respective carrying amounts is recognised in I lie statement of profit and loss,

"financial guarantee con! me Is issued by ihc Company ate those contracts that require a payment to be made to reimburse the holder fora loss it incurs because the specified debtor fails to make a payment when due in accordance with the terms of a debt instrument. Financial guarantee con! racts are recognised initially as a liability at fair value, adjusted for transaction eosi.s that arc directly Attributable to the issuance of the guarantee. Subsequently, the liability is measured at I lie higher of the amount of loss allowance determined as per impairment requirements of Ind AS 109 and the amount recognised less cumulative amortization.

Reclassification of financial assels

The Company determines classification of financial assets and liabilities on initial recognition. After initial recognition, no reclassification is made for financial assels which are equity instruments and financial [labilities. For financial assets which are debt instruments, a reclassification is made only if there is a change in Ihc business model for managing those assets. Changes to the business model are expected to be infrequent. ''1''hc Company''s senior management determines change in Ihc business model as a result of external or internal changes which are significant to the Company''s operations. Such changes arc evident to external parties. A change in the business model occurs when the Company either begins or ceases to perform an activity that is significant to ils operations. If the Company reclassifies financial assets, it applies the reclassification prospectively from the reclassification date which is the first day of the immediately next reporting period following the change in business model. The Company docs not restate any previously recognised gains, losses (including impairment gains or losses) or interest.

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Mar 31, 2016

Note 1 Employee Benefits

Gratuity:

The following table sets set out the status of the gratuity plan as required under Accounting standard (AS) 15 “Employee Benefits” prescribed by Companies (Accounting Standards) Rules, 2006, (''the Rules''):

Discount rate: The discount rate is based on the gross redemption yield on medium to long term risk free investments.

Salary escalation: The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority, promotion and other relevant factors such as supply and demand factors in the employment market.

Attrition rate: The attrition rate is the expected employee turnover for the future periods, adjusted to the current economic environment.

Note 2Tax Expense

Deferred tax is provided on timing differences at the balance sheet date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. The deferred tax assets / (liability), net as on 31 March, 2016 comprises of:

The company has operating lease for office premise, which is renewable on periodical basis and cancelable at its option. Lease expenses on such operating lease recognized in the Profit and Loss account on a straight line basis over the lease term.

Note 3 Amounts payable to Micro, Small and Medium enterprises

“Disclosure under Section 22 of the Micro, Small and Medium enterprises Development Act, 2006 (MSMED) Based on the information available with the Company, no creditors have been identified as “supplier” within the meaning of “Micro, Small and Medium Enterprises Development (MSMED) Act, 2006”.

Note 4 Related Party Disclosures

A. List of related parties

i) Wholly Owned Subsidiaries 1. Stampede Enterprises India Private Limited

2. Stampede Technologies Pte. Limited

3. Stampede Financials Pte. Limited

ii) Associate Companies 1. Proseed India Limited (formerly Green Fire Agri Commodities Limited)

2. Kling Holdings Limited (formerly Stampede Holdings Ltd.)

3. SpaceNet Enterprises India Limited (formerly Northgate Com Tech Limited)

4. Social Media India Limited

5.Blueshark Derivate Trading Private Limited

iii) Key Managerial Personnel 1. Mr. Venkat S. Meenavalli, Chairman

2. Mr. Dasi Emmanuel, Executive Director

iv) Persons having Substantial Interest in Voting Power Mrs. M. Usha Rani

B. Non Executive Directors and Independent Directors on the Board of the Company Name of the personnel Relationship

Mr. Venkat Srinivas Meenavalli Chairmam and Non-Executive Director

Mr. Emmanuel Dasi Executive Director

Mr. P. Parthasarathi Director Finance (CFO)

Mr. K. Avinash Independent Director (from 25.03.205)

Mrs.M.V. Laxmi Non Executive and Women Director (from 31.03.2016)

Mr. R. Vivek Kumar__Non Executive Independent Director_

The Company has instituted the following employee stock option plan for all eligible employees, in pursuance to the respective special resolution approved by the shareholders. All the plan options shall be administered by the compensation committee, which shall determine the employees eligible for receiving options, the number of options to be granted, the exercise price, the vesting period and the exercise period. The vesting period is determined for the options issued on the date of the grant.

The exercise price of the options granted under the ESOP Plan is defined as the closing market price of the underlying equity share, preceding the date of grant of options on the stock exchange having the highest trading volume of such shares.

In the case of termination of the employment, all non-vested options would stand cancelled. Options that have vested but have not been exercised can be exercised within the time prescribed under each option agreement approved by the compensation committee, which shall not be beyond the initial exercise period, failing which they would stand cancelled.

Note 5 There are no outstanding dues to Investor and Education Protection Fund as on 31 March 2016. Note 26 Foreign Currency Earnings and Outgo:

Note 6 Previous year figures

Previous year figures have been regrouped / reclassified wherever necessary to confirm to the current year classification.

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Mar 31, 2015

Note 1 Contingent Liabilities and Capital Commitments

For the year ended For the year ended Particulars 31 March 2015 31 March 2014

Contingent Liabilities Nil Nil

Capital Commitments Nil Nil

Note 2 Segment Information

The company operates in only one business segment i.e. securities and currencies broking and trading through recognized stock exchanges in India.

Discount rate: The discount rate is based on the gross redemption yield on medium to long term risk free investments.

Salary escalation: The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority, promotion and other relevant factors such as supply and demand factors in the employment market.

Attrition rate: The attrition rate is the expected employee turnover for the future periods, adjusted to the current economic environment.

Note 3 Tax Expense

Deferred tax is provided on timing differences at the balance sheet date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. The deferred tax assets / (liability), net as on 31 March, 2015 comprises of:

Note 4 Leases

The company has operating lease for office premise, which is renewable on periodical basis and cancelable at its option. Lease expenses on such operating lease recognised in the Profit and Loss account on a straight line basis over the lease term.

Note 5 Amounts payable to Micro, Small and Medium enterprises

The Ministry of Micro, Small and Medium Enterprises has issued an office Memorandum dated 26 August 2008 which recommends that the Micro and Small Enterprises should mention in their correspondence with its customers the Entrepreneurs Memorandum Number as allocated after fling of the Memorandum. Accordingly, the disclosure in respect of the amounts payable to such enterprises as at 31 March, 2015 has been made in the financial statements based on information received and available with the Company. Further in view of the management, the impact of interest, if any, that may be payable in accordance with the provisions of the Act is not expected to be material. The Company has not received any claim for interest from any supplier under the said Act.

Note 6

There are no outstanding dues to Investor and Education Protection Fund as on 31 March 2015.

Note 7

During the F.Y.2013-14 There was an incident of Fire Accident at the then Registered office of the Company on 10th February, 2014 wherein extensive damage took place to the Data Processing Equipments, Records and Vouchers. The company has a system of maintaining records including agreements etc., in soft copies. Further the company has a disaster recovery policy, accordingly maintains of site backup of system data. The company has commenced its operation normally through recovery of application software, database and soft copies from of site. The Company is of view that this incident does not affect recoverability of sums /its obligations and accordingly does not affect the going concern concept.

Note 8 Previous year figures

Previous year figures have been regrouped / reclassified wherever necessary to confirm to the current year classification.

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Mar 31, 2011

1. Figures have been rounded off to the nearest rupee. Previous year's figures have been regrouped / rearranged wherever necessary.

2. Contingent Liabilities: 2010-11 2009-10

Rs. Rs.

i. Towards Guarantees issued by Bank 25,00,000 25,00,000

ii. Interest claims by the Clients disputed by the Company not acknowledged as debts as on 31.03.2011 is Rs. 42, 37,959/- (Previous Year Rs. 33,09,709/-)

3. Segment Information:

The company operates in only one business segment i.e. securities broking and trading through stock exchanges in India.

4. Employee Benefits:

i. No provision for Gratuity to employees is provided in the books of account as there is no employee eligible for this benefit.

ii. As there is no policy for payment of earned leave encashment to its employees, no provision has been made in the books of accounts.

5. Tax Expense:

i. As the Company does not have any taxable income for the current year, no provision for current income tax has been made in books of accounts.

ii. As there is no virtual certainty in utilizing the deferred tax asset, the deferred tax asset has not recognised in the books of accounts.

6. Leases:

The company has operating lease for office premise, which is renewable on periodical basis and cancelable at its option. Rental expense for operating lease recognised in Profit and Loss Account for the year is Rs. 14,19,000/- (Previous Year Rs. 14,19,000/-)

7. Related Party Disclosures:

A. List of Related Parties

1 Associate Companies

1. Northgate Technologies Ltd

2. Stampede Holdings Ltd

3. Bio Ethanol Agro Industries Ltd.

4. GUV Holdings Private Ltd.

5. VAR Quant Tech Securities Private Limited

2 Key Management Personnel Mr. G. Venkatappaiah

3 Persons having substantial Venkat S. Meenavalli (Till 08.11.2010) interest in voting power

B. Non Executive Directors and Independent Directors on the Board of the Company

S.No. Name of the Personnel Relationship

1. A. Veerabhadra Rao Independent Director

2. D.V.S.S. Lakshminarayana Independent Director

9. There are no outstanding dues to Investor Education and Protection Fund as on 31.03.2011.

C. The other particulars as required under part II of schedule VI of the Companies Act, 1956 are not given as the same are not applicable to the Company for this year.

10. The Schedules referred to in Balance Sheet and Profit and Loss Account form an integral part of the accounts.

11. Additional information required under Part-IV of Schedule-VI of the Companies Act, 1956 is given in Annexure.

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Mar 31, 2010

1. Figures have been rounded off to the nearest rupee. Previous years figures have been regrouped / rearranged wherever necessary.

2. Contingent Liabilities: 2009-10 2008-09 Rs. Rs.

i. Towards Guarantees issued by Bank 25,00,000 25,00,000

ii. Interest claims by the Clients disputed by the Company not acknowledged as debts as on 31.03.2010 is Rs. 33,09,709/-

3. The company has commenced Securities trading operations with due approval of respective authorities and exchanges in April 2009. Hence previous year figures of operations are not comparable with that of the current year.

4. Segment Information:

The company operates in only one business segment i.e. securities broking and trading through stock exchanges in India.

5. Employee Benefits:

i. No provision for Gratuity to employees is provided in the books of account as there is no employee eligible for this benefit.

ii. As there is no policy for payment of earned leave encashment to its employees, no provision has been made in the books of accounts.

6. Tax Expense:

i. As the Company does not have any taxable income for the current year, no provision for current income tax has been made in books of accounts.

ii. As there is no virtual certainty in utilizing the deferred tax asset, the deferred tax asset has not recognised in the books of accounts.

7. Leases:

The company has operating lease for office premise, which is renewable on periodical basis and cancelable at its option. Rental expense for operating lease recognised in Profit and Loss Account for the year is Rs. 14,19,000/- (Previous Year Rs. 7,68,626/-)

8. Related Party Disclosures:

A. List of Related Parties

1 Associate Companies 1. Northgate Technologies Ltd

2. Stampede Holdings Private Ltd

3. Bio Ethanol India Ltd.

4. Green FireAgri Commodities Private Ltd.

5. GUV Holdings Private Ltd.

6. VAR Quant Tech Securities Private Limited

2 Key Management Personnel

1. Mr. G Venkatappaiah

3 Persons having substantial

1. Mr. VenkatS. Meenavalli

interest in voting power

B. Non Executive Directors and Independent Directors on the Board of the Company

S.No. Name of the Personnel Relationship

1. A. Veerabhadra Rao Independent Director

2. D.V.S.S. Lakshminarayana Independent Director

10. There are no outstanding dues to Investor and Education and Protection Fund as on 31.03.2010.

11. The Schedules referred to in Balance Sheet and Profit and Loss Account form an integral part of the accounts.

12. Additional information required under Part-IV of Schedule-VI of the Companies Act, 1956 is given inAnnexure.