Notes to Accounts of Gogia Capital Growth Ltd.

Mar 31, 2025

Note 9C

Terms and rights attached to the equity shares of the Company

Every shareholder is entitled to attend and vote at the meeting of the shareholders, to receive dividends distributed and also has a right in the residual interest of the assets of the company. Every shareholder is also entitled to right of inspection of documents as provided in the Companies Act, 2013.

21. FINANCIAL INSTRUMENTS AND RELATED DISCLOSURES

This section gives an overview of the significance of financial instruments for the Company and provides additional information on balance sheet items that contain financial i nstruments.

The details of significant accounting policies, including the criteria for recognition, the basis of measurement and the basis on which

income and expenses are recognised in respect of each class of Financial asset, Financial liability and equity instrument are disclosed in Note 1 to the financial statements.

Below are the methodologies and assumptions used to determine fair values for the above financial instruments which are not recorded

and measured at fair value in the Company’s financial statements. These fair values were calculated for disclosure purposes only. The below methodologies and assumptions relate only to the instruments in the above tables.

Other financial assets measured at amortised cost

For other financial assets that have a short-term maturity (less than twelve months), the carrying amounts, which are net of impairment,

are a reasonable approximation of their fair value. Such instruments include: cash, cash equivalents, other bank balances, Trade and Other receivables and Security Deposits.

Debt Securities, Subordinated Liabilities and Other Borrowings measured at amortised cost

The fair values of debts are estimated using a discounted cash flow model based on observable future cash flows based on terms,

discounted at a rate that reflects market risks..

Other financial liabilities measured at amortised cost

For other financial liabilities that have a short-term maturity (less than twelve months), the carrying amounts are a reasonable

approximation of their fair value.

Such instruments include: Trade & Other payables and Security Deposits .

ii) Fair value hierarchy

All financial instruments for which fair value is recognised or disclosed are categorised within the fair value hierarchy, described as

follows, based on the lowest level input that is insignificant to the fair value measurements as a whole.

Level 1: Quoted (unadjusted) prices in active markets for identical assets or liabilities. Level 2: Valuation techniques for which the lowest level inputs that has a significant effect on the fair value measurement are observable, either directly or indirectly. Level 3: Valuation techniques for which the lowest level input which has a significant effect on fair value measurement is not based on observable market data.

The carrying amounts of cash and cash equivalents, other bank balance (other than cash and cash equivalents), trade payables and

other financial liabilities approximates the fair values due to their short- term nature. Investment in equity instruments and gold stock is measured at cost only, as it is assumed or valued by management that the current value of the investment is carrying cost only.

There are no transfers between any levels for fair value measurements.

Financial risk management objectives and policies

The company principle financial liabilities comprise trade and other payables. The man purpose of financial liabilities is to finance the company operation. The company financial assets include trade and other receivables and cash and cash bank balances.

The company is exposed to market risk, credit risk and liquidity risk. The board provide the guidance for overall risk- management, as well as policies covering specific areas such as credit risk, liquidity risk and investment of excess liquidity 1 Market risk

Market risk is the risk that changes in market prices, such as foreign exchange rates, interest rates and equity price will affect the company''s income or the value of its holding of financial instruments. The objective of the market risk management is to manage and control market risk exposures with acceptable parameters while optimizing the return. The sensitivity analysis excludes the impact of movements in the market variables on the carrying value of the post employment benefit obligations and on the non-financial assets and liabilities. The sensitivity of the relevant profit and loss item is the effect of the assumed changes in respective market risk. Financial instruments affected by market risk includes borrowings, deposit, and other financial in struments. i. Interest rate risk

This refer to risk to company''s cash flow and profit on account of movement in market interest rates.

The company is not exposed to interest rate risk as it doesn''t have any borrowings.

ii. Foreign Currency risk

Currency risk is the risk that the fair value or future cash flow fluctuate because of changes in market prices. The company is not exposed to foreign currency risk as no transaction made in any other currency other than rup ee. iii 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 deposits given, investments and balances at bank. The company measures the expected credit loss of trade receivables based on financial conditions/market practices, credit track record in the market, analysis of historical bad debts and past dealings for extension of credit to customers. Individual credit limits are set accordingly. The company monitors the payment track record of the customers and ageing of receivables. Outstanding customer receivables are regularly monitored. The company considers the concentration of risk with respect to trade receivables as low, as its customers are located in several jurisdictions and industries and operate in largely independent markets. The company has also taken advances and security deposits from some of its customers, which mitigate the credit risk to an extent. Ageing analysis of trade receivables has been considered from the date the invoice falls due.

2 Liquidity risk

Liquidity risk is defined as the risk of the company will not able to settle or meet its obligations on time or at reasonable price. For the company liquidity risk arises from obligations on account of financial liabilities- borrowings, trade payable and other financial liabilities. The company''s approach to managing liquidity is to ensure, as far as possible, that is always have sufficient liquidity to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to company''s reputation.

Exposure to liquidity risk

The table below provides details regarding the contractual maturities of financial liabilities at the reporting date

Capital risk Management

The company manages its capital structure and makes necessary adjustments in light of changes in economic conditions and the

requirement of financial covenants. To maintain the or adjust the capital structure, the company may adjust the dividend payment to shareholder, return capital to shareholder, issue new shares or raise/ retire debt. The primary objective of the company''s capital management is to maximize the shareholder''s value.

For the purpose of the company''s capital management, equity includes issued capital, securities premium and other reserves. Net debt

includes loans less cash and bank balance. The company manages capital by monitoring gearing ratio which is net debt divided by equity plus net debt.__

Note No.- 25 Disclosure pursuant to Accounting Standard - 15 ‘Employee Benefits’

i) Contribution to Provident Fund (Defined Contribution)

Under the rules of these schemes, the Company is required to make contribution towards Employees Provident Fund and Employees State Insurance Scheme.

ii) Defined employee benefits and other long term benefit schemes(Gratuity)

Note No.- 26: Disclosure of CSR Expenditure

The provisions of Section 135 of The Companies Act, 2013, related to Corporate Social Responsibility is not applicable on the company.

8 Other statutory information for the year ended 31 March 2025

(i) The Company does not have any transaction with companies struck off under Section 248 of the Companies Act, 2013

(ii) The Company do not have any benami property, where any proceeding has been initiated or pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

(iii) The Company has not been declared wilful defaulter by any bank or financial institution or Government or any Government authority or other lender, in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India.

(iv) The Company does not have any charge or satisfaction which is yet to be registered with Registrar of Companies beyond the statutory period.

(v) The Company do not have any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income 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)

(vi) The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.

(vii The Company has complied with the number of layers prescribed under Clause (87) of

) Section 2 of the Companies Act, 2013 read with the Companies (Restriction on number of Layers) Rules, 2017 from the date of their implementation.

(vii Utilization of borrowed funds and share premium

i)

(a) To the best of our knowledge and belief, other than the details mentioned below, the Company have not advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) 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, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(b) To the best of our knowledge and belief, other than the details mentioned below, no funds have been received by the Company from any person(s) or entity(ies), including foreign entities "Funding Parties"), 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 ("Ultimate Beneficiaries") by or on behalf of the Funding Party or provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

2

9 Rounding of Amounts

All amounts disclosed in the financial statements and notes are presented in INR lakhs and has been rounded off to two decimals as per the requirements of Division II of Schedule III to the Companies Act, 2013, unless otherwise stated

3

0 Segment reporting

The Company is primarily engaged in a single business segment of Broking & Dealing in Securities and related services. All the activities of the company revolves around the main business. As such there are no separate reportable segments as per Ind AS - 108 “Operating Segment”.

The Company earns its entire “revenue from external customers” in India being Company''s country of domicile. All the assets are located in India. During the year, revenue from none of the customer amounted to more than 10% of the total revenue (31st March 2024 - Nil).

3

1 Commitments

Estimated amount of contracts remaining to be executed on capital or other account (net of advances already made) and not provided for is Rs. Nil (previous year Rs Nil).

3

2 Going concern

The company draw attention to the note in the financial statements regarding Going Concern, where the NSE has temporarily suspended trading terminals due to Net Worth issues during the year ended March 31, 2025. However, the Company''s is in process of resolving the matter with the relevant authority, restoring normal business operations, and other measures mentioned in the aforementioned note, the financial statements have been prepared on a going-concern basis.

3 Prior year

3 Comparatives

Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s classifications / disclosures.

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Mar 31, 2024

NOTES TO THE STANDALONE FINANCIAL STATEMENTS 1) Company overview

Gogia Capital Services Limited (''the Company'') was incorporated in India on June 16th, 1994 under the Companies Act, 1956 with its Registered Office at New Delhi CIN NO. L74899DL1994PLC059674.

This company is engaged in providing Stock and Commodity Broking Services to Corporates and Individuals and the shares of the company are listed on BSE.

1. Significant Accounting Policies2.1 Basis of preparation of financial statements

These financial statements are prepared in accordance with Indian Accounting Standards (IND AS) under the historical cost convention on the accrual basis except for certain financial instruments which are measured at fair values, the provisions of the Companies Act, 2013 (''Act’) (to the extent notified).

The Company has adopted IND AS standards and the adoption was carried out in accordance with IND-AS 101 First time adoption of Indian Accounting Standards. The transition was carried out from Indian Accounting Principles generally accepted in India as prescribed under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 (IGAAP), which was the previous GAAP. Reconciliations and descriptions of the effect of the transition have been summarized in note to accounts.

Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use.

2.2 Use of estimates

The preparation of the financial statements in conformity with IND AS requires management to make estimates, judgments and assumptions. These estimates, judgments and assumptions affect the application of accounting policies and the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the period. Application of accounting policies that require critical accounting estimates involving complex and subjective judgments and the use of assumptions in these financial statements have been disclosed at appropriate places.

Accounting estimates could change from period to period. Actual results could differ from those estimates. Appropriate changes in estimates are made as management becomes aware of changes in circumstances surrounding the estimates. Changes in estimates are reflected in the financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to the financial statements.

2.3 Current versus Non-Current classification

The Company presents assets and liabilities in the balance sheet based on current/ non-current classification. An asset is treated as current when it is:

• Expected to be realized or intended to be sold or consumed in normal operating cycle,

• Held primarily for the purpose of trading,

• Expected to be realized within twelve months after the reporting period, or

• Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period

All other assets are classified as non-current Trade receivables which are expected to be realised within 12 months from the reporting date shall be classified as current. Outstanding more than 12 months shall be shown as noncurrent only unless efforts for its recovery have been made and it is likely that payment shall be received within 12 months from the reporting date. A Judicious decision shall be taken by units in this regard.

A liability is current when:

• It is expected to be settled in normal operating cycle,

• It is held primarily for the purpose of trading,

• It is due to be settled within twelve months after the reporting period, or

• There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period

A payable shall be classified as Trade Payable if it is in respect of the amount due on account of goods purchased or services received in the normal course of business.

Trade payables which are expected to be settled within 12 months from the reporting date shall be shown as current.

The Company classifies all other liabilities as non-current.

Deferred tax assets and liabilities are classified as non-current assets and liabilities.

2.4

a) Revenue recognition

The Company earns revenue mainly from providing Stock and Commodity Broking Services to Corporate and Individuals and trading in shares and securities.

The Company also earns revenue from rendering depository services. Brokerage income is recognized on the trade data of transaction, upon confirmation of transactions by stock exchange and clients. Income from Depository services and penal charges are recognised on the basis of agreements entered into with clients and when the right to receive income is established. Income/Loss from trading is calculated on net of STT (Security Transaction Tax) paid during the year.

Interest income is recognized using the effective interest rate method.

Dividend income is recognized when the shareholder''s right to receive the payment is established which is generally after the shareholder approve the dividend.

b) Employee benefits

i. Short-term obligations

Liabilities for salaries, including non-monetary benefits that are expected to be settled wholly within 12 months after the end of the period in which the employees render the related service are recognised in respect of employees'' services up to the end of the reporting period and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit obligations in the balance sheet.

ii. Other long-term employee benefit obligations

The liabilities for earned leave and sick leave are not expected to be settled wholly within 12 months after the end of the period in which the employees render the related service. They are therefore measured as the present value of expected future payments to be made in respect of services provided by employees up to the end of the reporting period using the projected unit credit method. The benefits are discounted using the market yields at the end of the reporting period that have terms approximating to the terms of the related obligation. Re measurements as a result of experience adjustments and changes in actuarial assumptions are recognised in profit or loss.

The obligations are presented as current liabilities in the balance sheet if the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period, regardless of when the actual settlement is expected to occur.

iii. Post-employment obligations

The Company operates the following post-employment schemes:

(a) Defined benefit plans such as gratuity and

(b) Defined contribution plans such as provident fund.

Defined benefit plans

The Company''s gratuity scheme is a defined benefit plan. A defined benefit plan is a post employment benefit plan. The Company''s net obligation in respect of defined benefit plans is calculated by estimating the amount of future benefits that employee have earned in return for their services in the current and prior periods.

Defined contribution plans

The company''s provident fund scheme is a defined contribution plan. A defined contribution plan is a post employment benefit plan under which an entity pays fixed contributions and will have no obligation to pay further amounts. Obligation for contributions to defined contribution plans are recognised as employees benefit expenses in the statement of Profit and Loss when they are due.

i. Gratuity

Gratuity is a post employment defined benefit plan. The liability recognised in the Balance Sheet in respect of gratuity is the present value of the defined benefit obligation at the Balance Sheet date. The Company''s liability is actuarially determined at the end of each year. Actuarial gains/ losses through re-measurement are recognised in other comprehensive income.

ii. Gratuity obligations

The liability or asset recognised in the balance sheet in respect of gratuity plans is the present value of the defined benefit obligation at the end of the reporting period less the fair value of plan assets. The defined benefit obligation is calculated annually by actuaries using the projected unit credit method.

The present value of the defined benefit obligation denominated in INR is determined by discounting the estimated future cash outflows by reference to market yields at the end of the reporting period on government bonds that have

terms approximating to the terms of the related obligation. The benefits which are denominated in currency other than INR, the cash flows are discounted using market yields determined by reference to high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms approximating to the terms of the related obligation.

The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is included in employee benefit expense in the statement of profit and loss.

Re-measurement gains and losses arising from experience adjustments and changes in actuarial assumptions are recognised in the period in which they occur, directly in other comprehensive income.

They are included in retained earnings in the statement of changes in equity and in the balance sheet. Changes in the present value of the defined benefit obligation resulting from plan amendments or curtailments are recognised immediately in profit or loss as past service cost.

c) Taxes Current Tax

The current tax expense for the period is determined as the amount of tax payable in respect of taxable income for the period, based on the applicable income tax rates. Current tax relating to items recognised in other comprehensive income or equity is recognised in other comprehensive income or equity, respectively.

Deferred Tax

Deferred tax is provided using the liability method on temporary differences between the tax bases of_assets and liabilities and their carrying amounts for financial reporting purposes at the reporting date.

Deferred tax liabilities are recognised for all taxable temporary differences. Deferred tax assets are recognised for all deductible temporary differences and, the carry forward of unused tax credits and any unused tax losses. Deferred tax assets are recognised to the extent that it is probable that taxable profit will be available against which the deductible temporary differences, the carry forward of unused tax credits and unused tax losses can be utilised.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is realised or the liability is settled, based on tax rates (and tax laws) that have been enacted at the reporting date.

Deferred tax relating to items recognised in other comprehensive income or equity is recognised in other comprehensive income or equity, respectively.

Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists to set off current tax assets against current tax liabilities.

d) Property, nlant and equipment

All items of Property, plant and equipment are stated at historical cost less depreciation and impairment if any. Historical cost includes expenditure that is directly attributable to the acquisition of the items until they are ready for use. Subsequent costs are included in the asset''s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the company and the cost of the item can be measured reliably. The carrying amount of any component accounted for as a separate asset is derecognized when replaced. All other repairs and maintenance are charged to profit or loss during the reporting period in which they are incurred. The cost and related accumulated depreciation are eliminated from the financial statements upon sale or retirement of the asset and the resultant gains or losses are recognized in the Statement of Profit and Loss.

i. Depreciation methods / estimated useful lives and residual value

Depreciation is provided on pro rata basis on Straight Line Method over the estimated useful life of the assets based upon the technical evaluation done by the management. The estimates of the useful life of assets are as follows: -

Assets	Useful life
Building	60 Years
Computers	N.A.
Air Conditioners	15 Years
Furniture & Fixture	15 Years
Office equipment	N.A.
Vehicles	10 Years
Generator	20 Years

The assets residual values and useful life are reviewed by the management at the end of each reporting period. The asset carrying amount is written down to its recoverable amount if the assets carrying amount is greater than its estimated recoverable amount.

Intangible assets

Intangible assets are stated at cost less accumulated amortization and impairment. Intangible assets are amortized over their respective individual estimated useful lives on a straight-line basis, from the date that they are available for use.

Depreciation is calculated using the straight-line method to allocate their cost, net of their residual values, over their estimated useful lives as estimated by the management.

ii. Inventories

The Company does not have any inventories since the company is engaged in share and commodity broking services

iii. Provisions, contingent liabilities and contingent assets

A provision is recognized if, as a result of a past event, the company has a present legal or constructive obligation that is reasonably estimable, and it is probable that an outflow of economic benefits will be required to settle the obligation.

Contingent liabilities are disclosed in respect of possible obligations that have risen from past events and the existence of which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the enterprise, or is a present obligation that arises from past events but is not recognised because either it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation, or a reliable estimate of the amount of the obligation cannot be made. A contingent asset is generally neither recognised nor disclosed.

e) Foreign currency transactions

Foreign currency denominated monetary transactions is recorded at the exchange rates prevailing on the date of respective transactions. Realized gains and losses on foreign currency transactions during the year are recognised in Profit and Loss Account.

Foreign-currency denominated monetary assets and liabilities remaining unsettled at the Balance Sheet date are translated at exchange rates in effect at the balance sheet date. The gains or losses resulting from such translations are included in the Statement of Profit and Loss.

f) Financial Instruments Component of Financial Instruments

(i) Financial Assets includes, in particulars, cash and cash equivalents, trade receivables, other current receivables and callable security deposits.

(ii) Financial Liabilities includes, in particulars, borrowings, trade payables and other current Payables.

Initial Recognition:-

The company recognises financial assets and financial liabilities when it becomes a party to the contractual provisions of the instruments. All the financial assets and financial liabilities are recognised at fair value, which represents the transaction cost at the date of transaction.

Subsequent recognition & impairment : Subsequent recognition of financial assets and financial liabilities are at fair value, if the carrying amount is a reasonable approximation of the fair value it is maintained at that value. Any diminution / impairment in value is recognised in statement of profit and loss as impairment gain /loss.

Derecognition of financial assets and financial liabilities.

A financial assets is derecognised when the contractual rights to the cash flow is realised or forfeited. The financial liability is derecognised when the underlying obligation relating to the liability is fulfilled, terminated or extinguished.

g) 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 for its intended use or sale are capitalised as part of the cost of the asset. All other borrowing costs are expensed in the period in which they occur. Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds.

h) Cash and cash equivalents

Cash and cash equivalent in the balance sheet comprise cash at banks and on hand and short-term deposits with an original maturity of three months or less, which are subject to an insignificant risk of changes in value.

For the purpose of the statement of cash flows, cash and cash equivalents consist of cash and short-term deposits, as defined above, net of outstanding bank overdrafts as they are considered an integral part of the Company''s cash management.

i) Cash Flow Statement:

Cash Flows are reported using the indirect method as per Ind AS 07, Statement of Cash Flow.

j) Cash dividend to equity holders

The Company recognises a liability to make cash distributions to equity holders of the Company when the distribution is authorised and the distribution is no longer at the discretion of the Company. As per the corporate laws in India, a distribution is authorised when it is approved by the shareholders. A corresponding amount is recognised directly in equity.

k) Earnings per Share

Basic EPS amounts are calculated by dividing the profit for the year attributable to equity holders of the parent 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 of the parent (after adjusting for interest on the convertible preference shares) 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.

l) Leases

Lease payments under an operating lease are recognised as an expense in the profit and loss account on accrual basis.

m) Impairment of assets

The company assesses, at each reporting date, whether there is an indication that an asset may be impaired. If any indication exists, or when annual impairment testing for an asset is required, the company estimates the asset''s recoverable amount. An asset''s recoverable amount is the higher of an asset''s or cash-generating unit''s (CGU) fair value less costs of disposal and its value in use. Recoverable amount is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or groups of assets. When the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered impaired and is written down to its recoverable amount.

2.5 Adoption of IND-AS

These standalone financial statements for the year ended March 31, 2024 have been prepared in accordance with IND AS. For the purposes of transition to IND AS, the Company has followed the guidance prescribed in IND AS 101 -Adoption of Indian Accounting Standard, with April 1st, 2016 as the transition date and IGAAP as the previous GAAP.

The transition to IND AS has resulted in changes in the presentation of the financial statements, disclosures in the notes thereto and accounting policies and principles. The accounting policies set out in Note 2 have been applied in preparing the standalone financial statements for the year ended March 31, 2024 and the comparative information. An explanation of how the transition from previous GAAP to IND AS has affected the Company''s Balance Sheet, Statement of Profit and Loss, is explained by way of reconciliation between previous GAAP and Ind AS.

Exemptions availed on adoption

a) Deemed Cost: - Ind AS 101 provides an option under Ind AS 16 "Property, Plant and Equipment", to continue with the carrying value of all its property, plant and equipment as recognized in financial statements as on transition date, measured as per the previous GAAP and use that as its deemed cost after making necessary adjustments for decommissioning liabilities instead of measuring at fair value on the transition date.

b) Investment in subsidiaries, joint ventures and associates: - Ind AS 101 provides an option under Ind AS 27 "Separate Financial Statements", to continue with the previous GAAP carrying amount in respect of an entity’s investment in subsidiaries, joint ventures and associates in the entity’s separate financial statements.

The company has accordingly elected to measure such investments in subsidiary as on the transition date at their previous GAAP carrying value

2.6 Reconciliations between previous GAAP and Ind AS

The following reconciliations provide the effect of transition to Ind AS from previous GAAP in accordance with Ind AS 101.

a) Equity as at 1st April, 202 and as at 31st March, 2024

b) Net Profit for the year ended 31st March, 2024.

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Mar 31, 2015

1. Corporate information:

Gogia Capital Services Limited ("the Company") is engaged in the business of share broking and also a Depository Participant. The shares of the company are listed at Bombay Stock Exchange

2. Previous Year Figures

The financial statements for the year ended 31st March, 2014 had been prepared as per then applicable, pre-revised schedule VI to the Companies Act, 1956. Consequent to the notification of Revised Schedule VI of the Companies Act, 1956, the financial statements for the year ended 31st March,2015 are prepared as per revised Schedule VI. Accordingly, the previous year figures have also been reclassified to conform to this year's classification. The adoption of Revised ; Schedule VI for previous year does not impact recognition and measurement principles followed for preparation of financial statements.

3. Use of estimates

The preparation of financial statements requires the management of the company to make estimates & assumptions that effect the reported amounts of incomes and expenses during the year and the reported balances of assets and liabilities and . discloses relating to the contingent liabilities as at the date of financial statements. Examples of such estimates include employee benefits and provisions for income taxes. Although these estimates are based on the management's best knowledge of the current events and actions, uncertainty about these assumptions and estimates could result in outcome requiring adjustments in future.

4. SHARE CAPITAL

a. Terms/rights attached to equity issue

The company has only class of Equity Shares having a par value of Rs.10 per share. Each holder of Fully paid equity is entitled to one vote 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 in proportion to their shareholding. The distribution will be in proportion to the number of equity shares held by the shareholders.

5. STOCK EXCHANGE MEMBERSHIP

The deposits made by the company with the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE) towards acquiring the membership of the exchange is considered as Loans & Advances.

6. Earnings in Foreign Currency were Nil and expenditure in foreign currency on traveling was NIL.

7. Since the company is not a manufacturing company, information required under clause 4C of Part-ll of schedule VI of the Companies Act, 1956 has not been furnished.

8. CONTIGENT LIABILITES

As on 31.03.2015 As on 31.03.2014

Bank Guarantee 2000 Lacs 2000 Lacs

Underwriting commitment NIL NIL

9. RELATED PARTY TRANSATIONS

a) Subsidiary NIL

b) Associate/Joint Venture NIL

c) Key Management Personnel Satish Gogia - M.D.

d) Companies Controlled by Directors/Relatives NIL

* There is no provision for doubtful debts or amounts written off/back during the year in respect of dues form or to related parties.

* The following transactions were carried out with the related parties in the ordinary course of business

* Remuneration to Key Management Personnel - NIL

* Satish Gogia carried trading in Derivatives in his Account.

10. BUSINESS SEGMENT

The Operation of the company relates to only Stock Broking Services and Depository Services.

11. Debit and credit balances of the various parties are subject to confirmation.

12. The figures for the previous year have been rearranged/regrouped wherever necessary so as make them comparable with current year.

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Mar 31, 2014

1. STOCK EXCHANGE MEMBERSHIP

The deposits made by the company with the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE) towards acquiring the membership of the exchange is considered as Loans & Advances.

2. Earnings in Foreign Currency were Nil and expenditure in foreign currency on traveling was NIL.

3. Since the company is not a manufacturing company, information required under clause 4C of Part-ll of schedule VI of the Companies Act, 1956 has not been furnished.

4. CONTIGENT LIABILITES

As on 31.03.2014 As on 31.03.2013

Bank Guarantee 2000 Lacs 2000 Lacs

Underwriting commitment NIL NIL

5. RELATED PARTY TRANSATIONS

a) Subsidiary NIL

b) Associate/Joint Venture NIL

c) Key Management Personnel Satish Gogia - M.D.

d) Companies Controlled by Directors/Relatives NIL

- There is no provision for doubtful debts or amounts written off/back during the year in respect of dues form or to related parties.

- The following transactions were carried out with the related parties in the ordinary course of business

- Remuneration to Key Management Personnel - NIL

- Satish Gogia carried trading in Derivatives in his Account.

6. BUSINESS SEGMENT

The Operation of the company relates to only Stock Broking Services and Depository Services.

7. Debit and credit balances of the various parties are subject to confirmation.

8. The figures for the previous year have been rearranged/regrouped wherever necessary so as make them comparable with current year.

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Mar 31, 2013

1. Corporate information:

Gogia Capital Services Limited ("the Company") is engaged in the business of share broking and also a Depository Participant. The shares of the company are listed at Bombay Stock Exchange

2. Previous Year Figures

The financial statements for the year ended 31s'' March, 2012 had been prepared as per then applicable, pre-revised schedule VI to the Companies Act, 1956, Consequent to the notification of Revised Schedule VI of the Companies AC ,1956, the financial statements for the year ended 31s'' March.2013 are prepared as per revised Schedule VI. Accordingly, the previous year figures have alsc been reclassified to conform to this year''s classification. The adoption of Revised Schedule VI for previous year does not impact recognition and measu''ement principles followed for preparation of financial statements.

3. Use of estimates

The preparation of financial statements requires the management of the ccmpany to make estimates & assumptions that effect the reported amounts of incomes and expenses during the year and the reported balances of assets and liabilities and discloses relating to the contingent liabilities as at the date of financial statements. Examples of such estimates include employee benefits and provisions for income taxes. Although these estimates are based on the management''s best knowledge of the current events and actions, uncertainty about these assumptions and estimates could result in outcome requiring adjustments in future.

4 STOCK EXCHANGE MEMBERSHIP

The deposits made by the company with the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE) towards acquiring the membership of the exchange is considered as Loans & Advances.

5. Earnings in Foreign Currency were Nil, and expenditure in foreign currency on traveling was NIL.

6. Since the company is not a manufacturing company, nformation required under clause 4C of Part-II of schedule VI of the Companies Act, 1956 has not been furnished.

7. CONTIGENT LIABILITIES

As on 31.03.2013 As on 31.03.2012

Bank Guarantee 2000 Lacs 1600 Lacs

Underwriting commitment NIL NIL



8. BUSINESS SEGMENT

The Operation of the company relates to only Stock Broking Services and Depository Services.

9. Debit and credit balances of the various parties are subject to confirmation.

10 The figures for the previous year have been rearranged/regrouped wherever necessary so as make them comparable with current year.

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Mar 31, 2010

1. NOTES TO THE ACCOUNTS FOREIGN CURRENCY TRANSACTIONS

(i) Earnings in Foreign Currency were Nil and expenditure in foreign currency was Nil.

(ii) Since the company is not a manufacturing company, information required under clause 4C of Part-ll of schedule VI of the Companies Act, 1956 has not been furnished.

iii) CONTINGENT LIABILITES

As on 31.03.2010 As on 31.03.2009

Bank Guarantee 900 Lacs 900 Lacs

Underwriting commitment Nil Nil

v) QUANTITATIVE DETAILS

Quantitative Details of securities held as stock in trade : Nil

vii) DEFERRED TAXATION

Deferred tax resulting from timing differences between book profits and tax profits is accounted for under the liability method, at the current rate of tax, to the extent that the timing differences are expected to crystallize.

viii) RELATED PARTY TRANSATIONS

a) Subsidiary Nil

b) Associate / Joint Venture Nil

c) Key Management Personnel Satish Gogia - M.D

d) Companies Controlled by Directors / Relatives Nil

- There is no provision for doubtful debts or amounts written off / back during the year in respect of dues form or to related parties.

- The following transactions were carried out with the related parties in the ordinary course of business.

- Remuneration to Key Management Personnel - Rs. 1,500,000/-

- Rent was paid to Satish Gogia.

- Satish Gogia carried trading in Derivatives in his Account.

ix) BUSINESS SEGMENT

The Operation of the company relates to only Stock Broking Services and Depository Services.

x) Earning Per Share computed in accordance with Accounting Standard 20 issued by the Institute of Chartered Accountants of India.

xi) Debit and credit balances of the various parties are subject to confirmation.

xii) The figures for the previous year have been rearranged / regrouped wherever necessary so as make them comparable with current year.

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Mar 31, 2009

I) SOFTWARE EXPENSES

The cost of software user licenses purchased is charged to revenue in the year the software is acquired.Rs 500,000 has been carried over for the next year as prepaid expenses.

ii) FOREIGN CURRENCY TRANSACTIONS

Earnings in Foreign Currency were Nil and expenditure in foreign currency on traveling was Nil

iii) Since the company is not a manufacturing company, information required under clause 4C of Part-ll of schedule VI of the Companies Act, 1956 has not been furnished.

iv) RELATED PARTY TRANSATIONS

a) Subsidiary Nil

b) Associate/Joint Venture Nil

c) Key Management Personnel satish Gogia - M.D

d) Companies Controlled by Directors / Relatives Nil

- There is no provision for doubtful debts or amounts written off/back during the year in respect c dues form or to related parties.

- The following transactions were carried out with the related parties in the ordinary course c business.

- Remuneration to Key Management Personnel - Rs. 1,875,000/-

- Rent was paid to Satish Gogia.

- Satish Gogia carried trading in Derivatives in his Account.

v) BUSINESS SEGMENT

The Operation of the company relates to only Stock Broking Services and Depository Services.

vi) Debit and credit balances of the various parties are subject to confirmation.

vii) The figures for the previous year have been rearranged / regrouped wherever necessary so as make them comparable with current year.

Signatures to Schedule 1 to 16 forming part of the financial statements and to above notes.