Jindal Capital Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

(A) Retained earnings

Retained earnings are the profits that the company has earned till date, less any transfers to generate reserve, dividends or other distributions paid to shareholders.

(B) Statutory Reserve Fund

Statutory reserve is a mandatory fund, legally required to be set aside by a company to cover future obligations, ensure financial stability, and protect stakeholders like depositors or policyholders. These funds are not freely distributable as dividends and are reported on financial statements to demonstrate compliance with legal requirements.

All financial instruments for which fair value is recognised or disclosed are categorised within the fair value hierarchy, described as follows, based 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 Level 3 : Valuation techniques for which the lowest level input which has a significant effect on fair value measurement is not based on observable

The following table provides the fair value measurement hierarchy of the Company’s assets and liabilities, other than those whose fair values are close approximations of their carrying values.

For cash and cash equivalents, trade receivables, other receivables, short term borrowing, trade payables and other current financial liabilities the The fair values of the Company’s long-term interest free security deposits are determined by applying discounted cash flows (‘DCF’) method,

22. 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 filing of the Memorandum. Disclosure under the Micro, Small and Medium Enterprises Development Act, 2006 (''MSMED Act) However, as the suppliers did not quote their respective Entrepreneurs Memorandum Number, if any, allotted to them. The Company has sought information from its vendor''s/ service providers/ Other suppliers regarding their status under the Micro Small & Medium Enterprises Act., 2006 however in the absence of any such confirmation from those parties no amount is classified as payable to MSME Registered entities:

23. The company is engaged in the business of non-banking financial activity. Since all the activities relate to main activity, in the opinion of the management, there is only one business segment in terms of Ind AS-108 on segment reporting issued by ICAI

27. Prior Year Comparatives

The previous year''s figures are regrouped, rearranged, or recast wherever necessary to conform to this year''s classification.

28. Disclosures required under Section 22 of the Micro, Small and Medium Enterprises

Development Act,

2006:

Based on the information available with the Company, the balance due to micro and small enterprises as defined under the MSMED Act, 2006 is Rs. 89522/- (Previous year Rs.63720) and no interest has been paid or is payable under the terms of the MSMED Act, 2006

29. Disclosure of details as required by revised para13 of Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 2007, earlier para 9BB of Non- Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998

30. Financial risk management

This note presents the information about the Company''s exposure to financial risks, the Company''s objectives, policies and processes for measuring and managing risk and the Company''s management of capital.

The Company has exposure to the following risks arising from financial instruments:

• Credit risk;

• Liquidity risk and

• Market risk

Financial Risk management framework The Board of Directors has overall responsibility for the establishment and oversight of the Company''s risk management framework. Financial risk management within the Company is governed by policies and guidelines approved by the management. The Board has established a Risk Management Committee which is responsible for developing and monitoring the Company''s risk management policies. Company policies and guidelines cover areas such as cash management, investment of excess funds and raising of debt and are managed by segregated functions within the Company.

The Company''s risk management policies and procedures are established to identify and analyses the risks faced by the Company, to set appropriate risk limits and controls, and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company''s activities. The Company, through its training and management standards and procedures, aims to maintain a disciplined and constructive control environment in which all employees and stakeholders understand their roles and obligations.

Different types of risks arising from financial instruments as identified by the Company above have been explained below:

(i) Credit risk

The 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 receivable from clients and exchange and trading members, loan and advances, investments other than the quoted securities given. Credit risk in respect of quoted securities is expected to have a direct correlation with the quoted market prices and risk.

The Company is exposed to the risk that third parties that owe money or securities will not perform their obligations. Such third parties include clients, trading members, exchanges, clearing houses, and other financial intermediaries. These parties may default on their obligations owed to the Company due to insolvency, lack of liquidity, operational failure, government or other regulatory intervention or other reasons. In these circumstances, the Company is exposed to risks arising, for example, from holding securities of third parties; executing securities trades that fail to settle at the required time due to non-delivery by the counterparty trading members, exchanges, clearing houses or other financial intermediaries. Significant failures by third parties to timely perform their obligations owed could materially and adversely affect the Company''s financial position, and ability to borrow in the credit markets and ability to operate the business.

For the risk management purposes, the Company considers and consolidates all elements of credit risk exposures such as individual obligator default risk, country and sector risk. Management / mitigation of credit risk

The Company operates in a highly regulated environment which limits its credit risk against exchanges and clearing houses. The Company collects upfront margins in form of funds and/or securities/commodities from clients and trading members against their trading positions. The

Company monitors positions, margins, mark to market losses and risks on real time basis through risk management systems and policies specially designed to mitigate the credit risk.

The Company''s Board of Directors has delegated responsibility for the oversight of credit risk to the Risk Management Committee ("the Committee"). The Committee is responsible for management of the Company''s credit risk, including the following:

(i) Formulating credit policies in consultation with business units, covering collateral requirements, credit assessment, risk grading and reporting, documentary and legal procedures, and compliance with regulatory and statutory requirements.

(ii) Establishing the organizational structure for the approval of new customers or counter parties. Authorization limits are allocated to business unit credit officers or the Arbitrager as appropriate.

(iii) Providing advice, guidance and specialist skills to business units through periodic reviews to promote best practices throughout the Company in the management of credit rick

(iv) The Committee assesses the credit worthiness of client or counterparties, prior to taking exposure on them. Accordingly, limits are assigned and the monitoring mechanism ensures that exposure to single client does not cross the laid down threshold limits. Collateral securities are also collected from clients to cover the exposure.

(v) Limiting concentrations of exposure to counterparties, geographies and industries (for loans and advances and similar exposures), and by issuer, credit rating bond, market liquidity and country (for investment securities and trading assets).

(vi) Reviewing compliance of business units with agreed exposure limits, including those for selected industries, country risk and product types. Regular reports on the credit quality of local portfolios are provided to the management, which may require appropriate corrective action to be taken.

The Board of Directors has also constituted Audit Committee, which is responsible for evaluation of internal financial controls and risk management systems. The company conducts regular internal audits of various business units to identify scope of improvement/enhancement of the Company''s processes, quality control, fraud prevention and legal compliance. The internal audit reports are reviewed by audit committee and also placed with the Board.

(ii) Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting obligations associated with its financial liabilities that are settled by delivering cash or another financial asset.

The Company require sufficient liquidity to meet their obligations. Individual companies are generally responsible for their own fund management, including the short-term investment of surpluses and the raising of loans to cover deficits from third parties/companies.

The Company''s primary liquidity requirements are to finance the working capital needs, which are typically towards margin maintenance at various exchanges. The principal portion of the working capital requirement is utilized by :

(a) depositing funds with banks to obtain term deposits and guarantees towards margins payable to the exchanges/clearing houses;

(b) payments to stock exchanges/clearing houses towards settlement obligations;

(c) payment towards purchase of various trading assets; and

(d) meeting expenses incurred for operations.

Management of liquidity risk

Working capital requirements fluctuate on a regular basis depending on the business requirements. The Company''s approach to managing liquidity is to ensure, as far as possible to have sufficient funds to meet its liabilities when due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company''s reputation.

To fund the working capital requirements, the Company currently relies principally on internal accruals and short term credit facilities from banks and financial institutions against pledge of derivative assets, term deposits, receivables from clients and investments carried at fair value through profit and loss. By maintaining sufficient liquid funds and drawing facilities with banks, the Company comfortably meets the foreseeable liabilities in the present and immediate future, as well as unforeseeable contingencies.

Central treasury receives information from business units regarding the liquidity profile of their financial assets and liabilities and projected cash flows. Central treasury maintains surplus funds in cash and cash equivalents including term deposits with banks and in investment securities for which there is an active and liquid market. These assets can be

readily sold to meet liquidity requirements. Hence, the Company believes that the above monetary mechanism adequately addresses the liquidity risk. .

(iii) Market risk

The Company participates in trading and investing in various asset classes such as equity, debt securities, commodities, foreign currency and derivatives. These assets classes experience volatility due to economic growth levels, inflation, prices, interest rates, foreign exchange rates and other macro-economic factors. Any changes in market prices of these asset classes will affect the Company''s income or the value of its holdings of financial instruments.

The Company segregates its exposure to market risks between price risk, interest rate risk and currency risk. Management of market risks:

The objective of market risk management is to manage and minimize market risk exposures within acceptable parameters, while optimizing the return on risk. The Company''s exposure to market risk is determined by a number of factors, including size, composition and diversification of positions held and market volatility.

(a) Price risk

Trading and investment portfolios include proprietary positions taken in equities, fixed income securities, commodities, foreign currency and their derivatives mainly for availing arbitrage opportunities. All financial assets and liabilities are accounted on fair value basis. Management actively monitors its market risk by reviewing the effectiveness of arbitrage and setting outstanding position limits. The Company manages market risk with central oversight, analysis and formation of risk policy, specific maximum risk levels to which the individual trader must adhere to and real time continuous monitoring by the senior management.

In respect of the proprietary positions, the Company is exposed to volatility in the price of the underlying securities.

(b) Interest rate risk

Interest rate risk arises from movements in interest rates which could have effects on the Company''s net income or financial position. Changes in interest rates may cause variations in interest income and expenses resulting from interest-bearing assets and liabilities. Interest rate risk is the risk that the fair value or the future cash flows of a financial instrument will fluctuate because of changes in market interest rates.

The Company''s exposure to interest rate risk relates to the loans taken from banks, investment in term deposits placed with banks, investment in debt securities and investments of its excess funds in liquid instruments. A majority of the financing of the Company has come from overdraft facility with banks. The business of the Company is exposed to fluctuation in interest rate for the following activities:

(i) Term deposits placed with banks are generally for short term on fixed interest rates;

(ii) Facilities availed from banks and other financial institutions generally include shortterm working capital loans on floating interest rates;

(iii) Interest paid by Company on clients'' funds earmarked as fixed margin are generally for short term on fixed interest rates.

Management of Interest Rate Risk

Interest rate risk is managed principally through monitoring interest rate gaps and by having preapproved limits for re-pricing bands. However, the Company does not use derivative financial instruments to hedge its interest rate risk.

The Company''s investments in majority of term deposits with banks are for both short and long duration, and therefore do not expose the Company to significant interest rate risk. Further significant portion of exposure on term deposits with banks is offset with clients'' funds earmarked as margins on fixed rate basis. The interest rates on the overdraft facility availed are marginally higher than the interest rates on term deposits with the banks and generally linked to the term deposit rates with the bank. Accordingly, there is limited interest rate risk exposure on the company.

The Company''s exposure to the risk of changes in market interest rates relates primarily to the Company''s short-term and long-term debt obligations with floating / fixed interest rates, which are included in loans and borrowings. The loans and borrowings represent loans and borrowing taken both fixed and floating interest rate.

(c) Currency risk

The Company is not significantly exposed to currency risk as there is no mismatch between the currencies in which sales of services, purchase of goods/services and borrowings are dominated and the respective functional currencies of Company. Further, the functional currency of the Company is primarily the Indian Rupee and do not expose the Company to significant currency risk. The Company considers the valuation changes in foreign currency derivatives it trades in as part of investment/price risk as those derivatives are exchange traded, managed and monitored based on exchange price and are settled in near term in Indian Rupees.

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Mar 31, 2024

pTnpr NOTES ON ACCOUNTS			(Rs. in Thousands)
	Particulars	As at 31.03.2024	As at 31.03.2023
	20. COMMITMENTS (a) Estimated amount of contracts Remaining to be executed on Capital Account and not provided for:	NIL	NIL
	(b) Letters of Credit opened in favour of inland/ overseas suppliers:	NIL	NIL
	21. Contingent Liabilities not provided for: - (excluding matters separately dealt with in other notes) (a) Counter Guarantees Issued to bankers in respect of guarantees Issued by them (b) Guarantees issued on behalf of Ltd. Co''s	NIL NIL	NIL NIL
	22. Value of Imports on CIF Basis	NIL	NIL
	23. Earning in Foreign Currency	NIL	NIL
	24. Expenditure in Foreign Currency	NIL	NIL

25. In the opinion of the Board, all Financial Assets, Loans & Advances (Except w ere ^ otherwise) collectively have a value on realization in the ordinary course of business at east equ amount at which they are stated.

26. The company is engaged in the business of non-banking financial activity. Since all the ^a^^ti''^ _|pc|

to main activity, in the opinion of the management, there is only one business segmen i

AS-108 on segment reporting issued by ICAI.

31. Disclosure of details as required by revised para 13 of Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 2007, earlier para 9BB of Non- Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998.

32. Figures are rounded off to nearest thousands.

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Mar 31, 2015

1 Corporate information

The Company was incorporated in the name of Jindal Capital Limited on June 20,1994.The Company was engaged in trading and investments in shares and other securities;providing loans & advances and other related activities.

2 Prior Year Comparatives

The previous year's figures are regrouped, rearranged, or recast wherever necessary to conform to this year's classification.

3 Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006

Based on the information available with the Company, the balance due to micro and small enterprises as defined under the MSMED Act, 2006 is Rs. Nil (Previous year Rs. Nil) and no interest has been paid or is payable under the terms of the MSMED Act, 2006

4 Related party transactions

Key Management Personnel (KMP):-

- Pawan Jindal

- Sarita Agarwal

Relatives of KMP's:-

- Shray Jindal (son of Director)

- Paridhi Jindal

Enterprises owned or significantly influenced by KMP or their Relatives

-PKJ securities Private limited

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Mar 31, 2014

1 Corporate information

The Company was incorporated in the name of Jindal Capital Limited on June 20,1994.The Company was engaged in trading and investments in shares and other securities;providing loans & advances and other related activities.

2 Prior Year Comparatives

The previous year''s figures are regrouped, rearranged, or recast wherever necessary to conform to this year''s classification.

3 Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006

Based on the information available with the Company, the balance due to micro and small enterprises as defined under the MSMED Act, 2006 is Rs. Nil (Previous year Rs. Nil) and no interest has been paid or is payable under the terms of the MSMED Act, 2006

4 Related party transactions

Key Management Personnel (KMP):-

Pawan Jindal - Sarita Agarwal

Relatives of KMP''s:-

Shray Jindal (son of Director)

Enterprises owned or significantly influenced by KMP or their Relatives

PKJ securities Private limited

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Mar 31, 2013

1 Corporate information

The Company was incorporated in the name of Jindal Capital Limited on June 20,1994.The Company was engaged in trading and investments in shares and other securities providing loans & advances and other related activities.

2 Prior Year Comparatives

The previous year''s figures are regrouped, rearranged, or recast wherever necessary to conform to this year''s classification.

3 Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006

Based on the information available with the Company, the balance due to micro and small enterprises as defined under the MSMED Act, 2006 is Rs. Nil (Previous year Rs. Nil) and no interest has been paid or is payable under the terms of the MSMED Act, 2006

4 Related party transactions

Key Management Personnel (KMP)

- Pawan Jindal

- Sarita Agarwal

Enterprises owned or significantly influenced by KMP or their Relatives

- PKJ securities Private limited

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Mar 31, 2012

1 Corporate information

The Company was incorporated in the name of Jindal Capital Limited on June 20,1994.The Company was engaged in trading and investments in shares and other securities; providing loans & advances and other related activities. During the year the company was amalgamated with Scan Services Private limited.This scheme of amalgamation was approved by Hon'ble Delhi High Court and is operative with effect from April 1,2011.

2 Scheme of Amalgamation

Amalgamation of Scan Services Pvt Ltd (the Transferor Company) with Jindal Capital Ltd (the Transferee Company) in terms of the Scheme of Amalgamation framed under sections 391 and 394 of the Companies Act, 1956, was approved by the Hon'ble High Court of Delhi at New Delhi vide its order dated 1st December, 2011.

II. The Salient features of the Scheme of Amalgamation are as follows:

a) All assets and liabilities including Income Tax and all other statutory liabilities, if any, of the Transferor Company will be transferred to and vest in the Transferee Company with effect from the Appointed Date- 1st April, 2011.

b) All the employees of the Transferor Company in service on the Effective Date, if any, shall become the employees of the Transferee Company on and from such date without any break or interruption in service and upon terms and conditions not less favorable than those subsisting in the Transferor Company on the said date.

c) The Appointed Date for Amalgamation is 1st day of April, 2011.

The Transferee Company will issue and allot 2 (two) Equity Shares of Rs. 10 each of the Transferee Company, credited as fully paid up, for every 5 (five) Equity Shares of Rs. 2 each held in the Transferor Company.

Any fraction of share arising out of the aforesaid share exchange process, if any, will be rounded off to nearest whole number.

III. Prior to the amalgamation, the Transferor Company was engaged in trading and investments in shares and other securities; providing loan & advances and other related activities.

IV. In terms of the Scheme of Amalgamation, as approved by the Hon'ble Delhi High Court, the amalgamation is operative with effect from the Appointed Date-lst April, 2011. Hence, it has been given effect to in the present audited accounts for the year ended 31st March, 2012. Accordingly, the present audited accounts of the Transferee Company consists of financial figures of the Transferee Company for the year of the Transferor Company for the year ended 31st March, 2012-

V. In terms of the Scheme, the Transferee Company will issue and allot 40,00,000 Equity Shares of Rs. 10 each to the members of the Transferor Company, in exchange of 100% share capital of the Transferor Company after the cancellation of cross holding, if any.

VI. The Scheme of Amalgamation has been accounted for under the Pooling of Interests Method as prescribed under the Accounting Standard-14 (AS-14). Accordingly, all the assets, liabilities and reserves of the Transferor Company have been recorded in the Company's books at their existing carrying amounts and in the same form. Inter- company balances, if any, has been cancelled. The following accounting treatment has been given to some of the amalgamation issues:

b) Surplus/deficit arising out of Amalgamation being the difference between the paid up value of the Equity Shares of the Transferor Company and paid up value of new Equity Shares to be issued by the Transferee Company has been adjusted in combined Reserves and Surplus of the Transferee Company and the resultant figure is debited to Goodwill account as per the following:

3 Prior Year Comparatives

Revised Schedule VI to the Companies Act,1956 has been introduced by MCA vide Notification No. 50447(E) dated 28/02/2011. The New Schedule becomes effective for Balance Sheet and Statement of Profit and Loss to be prepared for the financial year commencing on or after 1/04/201l.Therefore the previous year's figures are regrouped, rearranged, or recast wherever necessary to conform to this year's classification.

Since the Scheme of Amalgamation has been given effect to in the current year accounts as explained in Note No 3, the current year figures are not comparable with the previous year figures.

4 Disclosures required under Section 22 of the Micro. Small and Medium Enterprises Development Act, 2006

Based on the information available with the Company, the balance due to micro and small enterprises as defined under the MSMED Act. 2006 is Rs. Nil (Previous year Rs. Nil) and no interest has been paid or is payable under the terms of the MSMED Act, 2006

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Mar 31, 2010

1. Particulars of company wise investments including investments held as stock-in-trade are disclosed. As per the legal advice obtained, the company is an investment company in terms of the proviso to section 372 (10) of the companies Act, 1956. Accordingly, particulars of only those investments, which exist on the date of the Balance Sheet, have been disclosed.

2. The Company has debited Rs. 14,516/- to profit & loss account towards Deferred Tax Liability for the current year ended 31.03.2010 in compliance with the- Accounting Standard relating to "Accounting for taxes on income -AS-22 issued by the Institute of Chartered Accountants of India made mandatory w.e.f 01.04.2001.

3. Related Party Disclosures

Key Management Personnel:

Mr. Pawan Jindal (Director)

Mrs. Santa Aggarwal (Director)

Enterprises owned or significantly influenced by key, management personnel or their relatives.

Related Enterprises;

PKJ Securities Pvt. Ltd. Scan Services Pvt. Ltd. PKJ Fabrics Pvt. Ltd.

4. The figures for the previous period have been regrouped, wherever necessary, to make them comparable with those of the current year.

5. Additional information pursuant to Schedule VI Part-II of the Companies Act, 1956