Notes to Accounts of Rajasthan Securities Ltd.

Mar 31, 2025

(6) Provisions and Contingent Liabilities:

Current tax provision is computed for income calculated after considering allowances
and exemptions under the provisions of the applicable Income Tax Laws. Current tax
assets and current tax liabilities are off set, and presented as net.

Provisions - Provisions are recognized when the Company has a present legal or
constructive obligation as a result of past events; it is probable that an outflow of
resources will be required to settle the obligation; and the amount has been reliably
estimated. If the effect of the time value of money is material, provisions are 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 recognized as a finance cost.

Contingent liabilities Contingent liabilities are disclosed when there is a possible
obligation arising from past events, 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 Company. A present obligation that arises from past events where it is
either not probable that an outflow of resources will be required to settle or reliable
estimate of the amount cannot be made, is termed as contingent liability. There is no
contingent liability at the year end.

(7) Earnings per share

Basic earnings per share is computed by dividing the profit/(loss) after tax (including the
post tax effect of extraordinary items, if any) by the weighted average number of equity
shares outstanding during the year. The numbers of equity shares are adjusted for
share splits and bonus shares, as appropriate.

(8) Cash flow statement

Cash flows are reported using the indirect method, whereby profit before tax is adjusted
for the effects of transactions of non-cash nature and any deferrals or accruals of past or
future cash receipts or payments. The cash flows from operating, investing and
financing activities of the Company are segregated based on the available information.

(9) Event occurring after Balance Sheet Date

No material events have occurred after the balance sheet date.

(10) Related Parties Disclosure

In accordance with the requirements of Ind AS 24, on Related Party Disclosures, name
of the related party, related party relationship, transactions and outstanding balances
including commitments where control exists and with whom transactions have taken
place during reported year, are as detailed below:

(11) In the opinion of the Board there are no contingent liabilities & Commitments
during the year in terms of:-

a. Claims against the company not acknowledged as debts.

b. Guarantees.

c. Any Other Sum for which the company is contingently liable.

d. Estimated amount of contracts remaining to be executed on capital account and
not provided for.

e. Uncalled liability on shares and other investments partly paid.

f. Or any other commitments.

(12) Accounting Policies which are not specifically referred to above are consistent with the
generally accepted accounting practices.

(13) There was no employee of the Company during the year drawing remuneration @
Rs.10200000/- P.A. or more if employed for whole of the year or Rs. Rs. 850000/- P.M.
or more if employed for part of the year.

(14) (a) Company has not advanced or loan or invested funds ( either borrowed funds or

share premium or any other source or kind of funds) to any other persons or entity
(ies), including foreign entities ( intermediaries) with the understanding that the
intermediary shall directly or indirectly lend or invest in other persons or entities
identified in any manner whatsoever by or on behalf of the company ( ultimate
Beneficiaries) or provided any guarantee, security or the like to or on behalf of the
ultimate Beneficiaries.

(b) Company has not received any fund from any person(s) or entity (ies), including
foreign entities (Funding Part) with the understanding that the company shall
directly or indirectly lend or invest in other persons or entities identified in any
manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries)
or provided any guarantee, security or the like to or on behalf of the Ultimate
beneficiaries.

(15) Company as well as its Directors does not appear in the RBI list of defaulters/ RBI list of
willful defaulters during the current year.

(16) In the opinion of the management, Company has not undertaken any transactions with
companies struck off under section 248 of the Companies Act, 2013 or section 560 of
Companies Act, 1956.

(17) Company does not have any subsidiary company; hence provisions prescribed in
clause (87) of section 2 of Companies Act 2013, read with Companies (Restriction on
number of Layers) Rules 2017, are not applicable to company.

(18) The Company does not have any un-recorded or un-disclosed income during the year,
in which assessments of tax has been conducted under the Income Tax Act, 1961.

(19) Company has not traded or invested in Crypto currency or Virtual Currency during the
financial year under review as such no other disclosure with regard to crypto currency is
required to be given

(20) The provisions of section 135 of Companies Act 2013, "Corporate Social
Responsibility" are not applicable on Company.

(21) Borrowing Cost

(a) Interest and other borrowing costs attributable to qualifying assets are
capitalized. Other interest and borrowing costs are charged to revenue.

(b) The Company has no borrowings from banks or financial institutions on the basis
of security of current assets and therefore the provisions of Section 77 of
Companies Act, 2013 and rules made thereunder in respect of creation or
satisfaction of charge is not applicable on the company

(c) Company has not granted any loans or advances to Promoters, Directors, KMPs
and Related Parties, either severally or jointly with any other person, during the
year.

(22) Segment Reporting as defined in IndAS-108, is not applicable to the Company as the
Company at present is involved in only one business segment i.e. natural gases and
has only one Geographical segment i.e. India.

(23) Figures of the previous year have been regrouped and rearranged wherever
necessary, to make them comparable with the current year figures.

NOTE:

1. Details of Benami Properties Held :

Where any proceedings have been initiated or pending against the company for holding any
benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the
rules made thereunder, the company shall disclose the following:

In the opinion of the management Company does not hold any Benami property as defiend
under the “Benami Transactions (Prohibition) Act, 1988 and Rules made thereunder, No
proceedings have been initiated or are pending against the company for holding any Benami
property under the “Benami Transactions (Prohibition) Act, 1988 and Rules made thereunder.

2. Wilful Defaulter:

Where a company is a declared wilful defaulter by any bank or financial Institution or other
lender, following details shall be given:

Company as well as none of Directors of the Company appear in the RBI list of defaulters/ RBI
list of willfull defaulters as on 31.03.2025

3. Relationship with Struck off Companies:

Where the company has any transactions with companies struck off under section 248 of the
Companies Act, 2013 or section 560 of Companies Act, 1956, the Company shall disclose the
following detail

In the opinon of the management, Company has not undertaken any transactions with
companies struck off under section 248 of the Companies Act, 2013 or section 560 of
Companies Act, 1956.

4. Company has not availed any credit facilityas such there is no requirment to file form for
creation and satisfication of charges as per sec 164 of the companies Act. 2013.

5. Compliance with number of layers of companies:

Where the company has not complied with the number of layers prescribed under clause (87)
of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017, the
name and CIN of the companies beyond the specified layers and the relationship/extent of
holding of the company in such downstream companies shall be disclosed

Company has complied with the provisions of clause (87) of section 2 of the Act read with
Companies (Restriction on number of Layers) Rules, 2017 with regard to layers of
subsidiaries prescribed under the Act.

6. Company has not surrendered or disclosed any undisclosed income during the year in the tax
assessment under the Income Tax Act 1961

7. Company has not traded or invested in Crypto currency or Virtual Currency during the
financial year under review as such no other disclosure with regard to crpto currency is
required to be given.

8. The provisions of section 135 of Companies Act 2013, "Corporate Social Responsibility" are
not applicable on Company.

Note: There are no instruments issued by the Company which have effect of diluation of basic
eanring per shares.

As per our report of even date

FOR RAHUL S GUPTA & ASSOCIATES FOR RAJASTHAN GASES LIMITED
CHARTERED ACCOUNTANTS
(FRN 131447W)

Sd/- Sd/- Sd/-

(RAHUL GUPTA) (NIKHILESH KHANDELWAL) (DEEPA PIMPLIKAR)

PARTNER MANAGING DIRECTOR DIRECTOR

MEMBERSHIP NO. 133745 DIN: 06945684 DIN: 07941295

UDIN:25133745BMNTXU9823

Sd/- Sd/-

Neha Jain Prashant Soni

Company Secretary CFO

(Mem.: A43694)

Place : Nagpur Place : Nagpur

Date: May 30, 2025

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Mar 31, 2023

(6) Provisions and Contingent Liabilities:

Provisions - Provisions are recognized when the Company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount has been reliably estimated. If the effect of the time value of money is material, provisions are 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 recognized as a finance cost.

Contingent liabilities - Contingent liabilities are disclosed when there is a possible obligation arising from past events, 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 Company. A present obligation that arises from past events where it is either not probable that an outflow of resources will be required to settle or reliable estimate of the amount cannot be made, is termed as contingent liability. There is no contingent liability at the year end.

(7) Earnings pershare

Basic earnings pershare is computed by dividing the profit/(loss) aftertax (including the post tax effect of extraordinary items, if any) by the weighted average number of equity shares outstanding during the year. The numbers of equity shares are adjusted for share splits and bonus shares, as appropriate.

(8) Cash flow statement

Cash flows are reported using the indirect method, whereby profit before tax is adjusted for the effects of transactions of non-cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows from operating, investing and financing activities of the Company are segregated based on the available information.

(9) Event occurring after Balance Sheet Date

No material events haveoccurred afterthe balance sheet date.

(10) Related Parties Disclosure

There are no related parties as required under Ind AS 24 "Related Party Disclosures" issued by the Institute of CharteredAccountants of India.

(11) In the opinion of the Board there are no contingent liabilities & Commitments during the year in terms of:-

a. Claims against the company not acknowledged as debts.

b. Guarantees.

c. Any Other Sum for which the company is contingently liable.

d. Estimated amount of contracts remaining to be executed on capital account and not provided for.

e. Uncalled liability on shares and other investments partly paid.

f. Or any other commitments.

(12) Accounting Policies which are not specifically referred to above are consistent with the generally accepted accounting practices.

(13) There was no employee of the Company during the year drawing remuneration @ Rs.10200000/- P.A. or more if employed for whole of the year or Rs. Rs. 850000/- P.M. More if employed for part of the year.

(14) (a) Company has not advanced or loan or invested funds (either borrowed funds or

share premium or any other source or kind of funds) to any other persons or entity (ies), including foreign entities (intermediaries) with the understanding that the intermediary shall directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company ( ultimate Beneficiaries) or provided any guarantee, security or the like to or on behalf of the ultimate Beneficiaries.

(b) Company has not received any fund from any person(s) or entity (ies), including foreign entities (Funding Part) with the understanding that the company shall directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or provided any guarantee, security or the like to or on behalf of the Ultimate beneficiaries.

(15) Company as well as its Directors does not appear in the RBI list of defaulters/ RBI list of willful defaulters during the currentyear.

(16) In the opinion of the management, Company has not undertaken any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of CompaniesAct, 1956.

(17) Company does not have any subsidiary company; hence provisions prescribed in clause (87) of section 2 of Companies Act 2013, read with Companies (Restriction on numberof Layers) Rules 2017, are not applicable to company.

(18) The Company does not have any un-recorded or un-disclosed income during the year, in which assessments of tax has been conducted under the Income TaxAct, 1961.

(19) Company has not traded or invested in Crypto currency or Virtual Currency during the financial year under review as such no other disclosure with regard to crypto currency is required to be given.

(20) The provisions of section 135 of Companies Act 2013, "Corporate Social Responsibility" are not applicable on Company.

(21) Borrowing Cost

(a) Interest and other borrowing costs attributable to qualifying assets are capitalized. Other interest and borrowing costs are charged to revenue.

(b) The Company has no borrowings from banks or financial institutions on the basis of security of current assets and therefore the provisions of Section 77 of Companies Act, 2013 and rules made thereunder in respect of creation or satisfaction of charge is not applicable on the company

(c) Company has not granted any loans or advances to Promoters, Directors, KMPs and Related Parties, either severally or jointly with any other person, during the year.

(22) Segment Reporting as defined in IndAS-108, is not applicable to the Company as the Company at present is involved in only one business segment i.e. natural gases and has only one Geographical segment i.e. India.

(23) Figures of the previous year have been regrouped and rearranged wherever necessary, to make them comparable with the current yearfigures.

As per our report of even date

FOR R. K. MALPANI & ASSOCIATES FOR RAJASTHAN GASES LIMITED CHARTERED ACCOUNTANTS (FRN. 002759C)

(RAKESH JHALANI) (NIKHILESH KHANDELWAL) (GAURI BHAGAT)

PARTNER DIRECTOR DIRECTOR

MEMBERSHIP NO. 074142 DIN: 06945684 DIN: 06950001

UDIN: 23074142BGZFGN3625

Place : Mumbai Date: May, 30,2023

1 Details of Benami Properties Held : Where any proceedings have been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder, the company shall disclose the following:

In the opinion of the management Company does not hold any Benami property as defiend under the “Benami Transactions (Prohibition) Act, 1988 and Rules made thereunder, No proceedings have been initiated or are pending against the company for holding any Benami property under the “Benami Transactions (Prohibition)Act, 1988 and Rules made thereunder.

2 Wilful Defaulter: Where a company is a declared wilful defaulter by any bank or financial Institution or other lender, following details shall be given:

Company as well as none of Directors of the Company appear in the RBI list of defaulters/ RBI list of willfull defaulters as on 31.03.2023

3 Relationship with Struck off Companies: Where the company has any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of CompaniesAct, 1956, the Company shall disclose the following detail

In the opinon of the management, Company has not undertaken any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of CompaniesAct, 1956.

4 Company has not availed any credit facility as such there is no requirment to file form for creation and satisfication of charges as per sec 164 of the companiesAct. 2013.

5 Compliance with number of layers of companies: Where the company has not complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017, the name and CIN of the companies beyond the specified layers and the relationship/extent of holding of the company in such downstream companies shall be disclosed

Company has one subsidary namely "Rarity Agencies Limited" and has complied with the provisions of clause (87) of section 2 of theAct read with Companies (Restriction on number of Layers) Rules, 2017 with regard to layers of subsidiaries prescribed under theAct.

6 Following Ratios to be disclosed : 11 Ratios are needs to be given explaining the items included in numerator and denominator for computing the above ratios. Further explanation shall be provided for any change in the ratio by more than 25% as compared to the preceding year.

7. Company has not surrendered or disclosed any undisclosed income during the year in the tax assessment under the Income TaxAct 1961

8. Company has not traded or invested in Crypto currency or Virtual Currency during the financial year under review as such no other disclosure with regard to crpto currency is required to be given.

9. The provisions of section 135 of Companies Act 2013, "Corporate Social Responsibility" are not applicable on Company.

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Mar 31, 2015

1.1 Terms/ Rights attached to Equity Shares

The Company has Equity Shares having par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share.

In Absence of any intimation from the vendors with regard to their registration (Filing of Memorandum) under "The Micro, Small and Medium Enterprises Development Act 2006" and considering the company has been extended credit period by its Creditors and payments being released on a timely basis, there is no Liability towards interest on delayed payments during the year under the said Act. There is no outstanding Interest in this regard, Brought Forward from Previous Years.

** Previous year figures have been re-grouped and reacted, where-ever necessary.

Notes:

1. The above cash flow statement has been prepared under the "indirect Method' as set out in the accounting standard 3 "Cash Flow Statement'.

2. Previous year figure have been regrouped/ rearranged/ re-casted wherever necessary to make them comparable with those of current year.

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Mar 31, 2014

1. Terms/ Rights attached to Equity Shares

The Company has Equity Shares having par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share.

2. In Absence of any intimation from the vendors with regard to their registration (Filing of Memorandum) under "The Micro, Small and Medium Enterprises Development Act 2006" and considering the company has been extended credit period by its Creditors and payments being released on a timely basis, there is no Liability towards interest on delayed payments during the year under the said Act. There is no outstanding Interest in this regard, Brought Forward from Previous Years.

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Mar 31, 2013

(A) In opinion of the Board of Directors, the aggregate value of current assets, loans & advances on realization in ordinary course of business shall not be less than the amount at which these are stated in the Balance Sheet.

(B) Cash flow are reported using the indirect method as specified in AS - 3 issued by the Institute of Chartered Accountants of India, thereby profit after tax is adjusted for the effects of transactions of a non- cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows from operating, financing and investing activities of the company are segregated.

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Mar 31, 2012

In Absence of any intimation from the vendors with regard to their registration(Filing of Memorandum) under ''The Micro, Small and Medium Enterprises Development Act 2006" and considering the company has been extended credit period by its Creditors and payments being released on a timely basis, there is no Liability towards interest on delayed payments during the year under the said Act. There is no outstanding Interest in this regard, Brought Forward from Previous Years.

1.1 Terms/ Rights attached to Equity Shares

The Company has Equity Shares having par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share.