Shree Securities Ltd. के अकाउंट के लिये नोट

Mar 31, 2024

Provisions, contingent liabilities and contingent assets

Provisions are recognised only when:

(i) an entity has a present obligation (legal or constructive) as a result of a past event; and

(ii) it is probable that an outflow of resources embodying economic benefits will be required
to settle the obligation; and

(iii) a reliable estimate can be made of the amount of the obligation

Provision is measured using the cash flows estimated to settle the present obligation and when the effect of time value of money is
material, the carrying amount of the provision is the present value of those cash flows. Reimbursement expected in respect of
expenditure required to settle a provision is recognised only when it is virtually certain that the reimbursement will be received.
Contingent liability is disclosed in case of:

(i) a present obligation arising from past events, when it is not probable that an outflow of
resources will be required to settle the obligation; and

(ii) a present obligation arising from past events, when no reliable estimate is possible.

Contingent assets are disclosed where an inflow of economic benefits is probable. Provisions, contingent liabilities and contingent assets
are reviewed at each Balance Sheet date.

Where the unavoidable costs of meeting the obligations under the contract exceed the economic benefits expected to be received under
such contract, the present obligation under the contract is recognised and measured as a provision.

Contingent assets are not recognised in the financial statements.

XVII. Statement of Cash Flows

Statement of Cash Flows is prepared segregating the cash flows into operating, investing and financing activities. Cash flow from
operating activities is reported using indirect method adjusting the net profit for the effects of:

i. changes during the period in operating receivables and payables transactions of a noncash nature;

ii. non-cash items such as depreciation, provisions, deferred taxes, unrealised foreign currency gains and losses, and undistributed profits
of associates and joint ventures; and

iii. all other items for which the cash effects are investing or financing cash flows

Cash and cash equivalents (including bank balances) shown in the Statement of Cash Flows exclude items which are not available for
general use as on the date of Balance Sheet.

Note: 28 The Company does not have any transactions with companies struck off under section 248 of the
companies Act, 2013 as on the Balance Sheet date

Note: 29 To the best of the knowledge and belief of the management, as on the date of balance sheet, no funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of
funds) by the company to or in any other person(s), 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.

^Note: 30 Financial risk management

The Company is a Non-Banking Financial Company registered with the Reserve Bank of India. On account of it''s business activities it is exposed to various financial risks associated with financials products such as credit or
default risk, market risk, interest rate risk, liquidity risk and inflationary risk. However, the Company has a robust financial risk management system in place to identify, evaluate, manage and mitigate various risks associated
with its financial products to ensure that desired financial objectives are met. The Company''s senior management is responsible for establishing and monitoring the risk management framework within its overall risk
management objectives and strategies, as approved by the Board of Directors. Such risk management strategies and objectives are established to identify and analyse potential risks faced by the Company, set and monitor
appropriate risk limits and controls, periodically review the changes in market conditions and assess risk management performance. Any change in Company''s risk management objectives and policies needs prior approval of it''s
Board of Directors.

Market risk:

Market risk is a form of systematic risk associated with the day-to-day fluctuation in the market prices of shares and securities and such market risk affects all securities and investors in the same manner. These daily price
fluctuations follows its own broad trends and cycles and are more news and transaction driven rather than fundamentals and many a times, it may affect the returns from an investment. Market risks majorly comprises of two
types - interest rate risk and other price risk, such as equity price risk and commodity risk. Financial instruments affected by market risks include borrowings and investments

Note: 31 The Company does not have any transactions not recorded in books of accounts that has been surrendered or disclosed as income during the year and previous year in the tax assessments under the Income Tax Act, 1961.

Note: 32 The Company has not traded or invested in any crypto currency or virtual currency during the year and previous year.

Note: 33 There has been no fraud by the Company or on the Company during the year and previous year.

Note: 34 The company has made Investment in Un-quoted Equity Shares of BRG Iron and Steel Co Private Limited to the extent of 3,05,46,667 equity shares of face value of ^10/- each, amounting to ^45,82,00,005/-. However pursuant
to order of the Honb''le National Company Law Tribunal, Kolkata Bench, dated 28th February, 2022, the investment in equity shares of BRG Iron and Steel Co Private Limited has been extinguished. Consequently the loss of
^45,82,00,005/- has been recognised in the Statement of Profit and Loss.

Note: 35 Previous year figures have been regrouped and re-arranged, wherever necessary, to confirm to the current year''s classification
As per our Report of even date.

FOR R K KANKARIA & CO For and on Behalf of the Board of Directors

Chartered Accountants Shree Securities Limited

Firm Reg. No : 321093E

Bhavya Dhiman Vaishali Kumari Shaw

Managing Director Director

DIN:09542964 DIN:08804508

CA. RAJESH KUMAR KANKARIA
(Partner)

M. No. : 082796

Varsha Maniar Shubham Gupta

Dated: 30.05.2024 Company Secretary Chief Financial Officer

Place :Kolkata PAN : BVQPA6577A

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Mar 31, 2015

A. TERMS/ RIGHTS ATTACHED TO EQUITY SHARES

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

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

As per the records of the Company, including its Register of Members and other declarations received from the shareholders regarding beneficial interest, the above shareholders represents legal ownership of shares

B. SHARES ISSUED FOR CONSIDERATION OTHER THAN CASH

Out of the above 74800000 (P.Y. 74800000) Equity Shares have been issued for consideration other than cash.

Based on the information / documents available with the Company, no creditor is covered under Micro, Small and Medium Enterprise Development Act, 2006. As a result, no interest provision / payments have been made by the Company to such creditors, if any, and no disclosures thereof are made in these accounts.

ii Loans & advances balances are subject to confirmation by the respective parties.

The management has assessed that there is no impairment of Fixed Assets requiring

iii provision in the Accounts. Accordingly, there is no debit to the Statement of Profit & Loss for the impairment of Assets.

iv Deferred Taxation :

Company has carry forward losses under Income Tax Laws but in the absence of virtual certainty of sufficient future taxable income, in the opinion of management, deferred tax assets has not been recognized by way of prudence in accordance with AS-22 " Accounting For Taxes On Income " issued by the Institute of Chartered Accountants of India. However, the company will recognize the deferred tax liabilities/assets on the timing differences for the period in which there is virtual certainty of future income.

v Segment Report :

The Company is engaged in the business of Non-Banking Financial Services and there are no separate reportable segments as per Accounting Standard 17.

vi Related Party Disclosure :

As per accounting standard 18 the information for related parties is given below:

Name of the related parties

vii The Company has Complied this information based on the current information in its possession. As at 31.03.2015, No supplier has intimated the Company about its status as a Micro or Small enterprise or its Registration with the appropriate authority under Micro, Small and Medium Enterprise Development Act, 2006. Amount due to Micro Small and Medium Entries as on 31.03.2015 Rs. NIL ( P.Y. Rs. NIL )

viii The Financial Statements and Notes on Accounts has been prepared as per the Companies Act, 2013 with their Schedule as the same is effective from 1st April, 2014.

ix Effective from 1st April, 2014, the Company has charged depreciation based on the useful life of the assets as per the requirement of Schedule II of the Companies Act, 2013. It has recomputed the depreciation on various fixed assets in accordance with and in the manner prescribed with Part C of Schedule II of the Companies Act, 2013. The aggregate difference between the depreciation so computed as per the companies Act, 2013 till 31st March, 2014 and the depreciation charged in the accounts till 31st March, 2014 has been debited to the opening balance of profit & Loss Account.

Deferred Tax assets arising there on has been debited to or credited to against the opening balance of Profit & Loss Account.

X The company has made 100% provision in respect of certain Loans & Advances which is considered as loss asset by the management.

xi No provisions has been made for fall, if any, in the market value of quoted securities or break- up value of unquoted securities, held as Investments, diminution where, if any, is not permanent in nature.

xii The management has assessed that there is no impairment of Fixed assets requiring provisions in the accounts. Accordingly, there is no debit to the Profit & Loss Account for the impairment of assets.

xiii No provision has been made on account of leave salary as there are no leave to the credit of employees as at the end of the year.

xiv No provision has been made on account of gratuity as there are no employees who have completed the required number of years as per the Payment of Gratuity Act, 1972.

xv Previous Year figures have been regrouped, rearranged or recasted wherever considered necessary.

xvi Particulars required to be furnished by the NBFCs as per paragraph 13 of Non- Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 issued by the RBI are given as per Annexure attached hereto.

Notes :-

1. As defined in paragraph 2 (1) (xii) of the Non - Banking Financial Companies Acceptance of Public Deposit (Reserve Bank) Directions, 1998

2. Provisioning norms shall be applicable as prescribed in Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007.

3. All Accounting Standards and Guidance Notes issued by ICAI are applicable including for valuation of Investments and other assets as also assets acquired in satisfaction of debt. However, Market value in respect of quoted Investment and break-up/fair value/NAV in respect on unquoted investments should be disclosed irrespective of whether they are classified as long term or current in (4) above.

fi1l Please read the instructions given below very carefully. If the form is not filed as per instructions, the same will be rejected.

4. The nomination can be made by individuals only. Non individuals including society, trust, body corporate, partnership firm, Karta of Hindu Undivided Family, holder of power of attorney cannot nominate.

5. If the Shares are held jointly all joint holders shall sign (as per the specimen registered with the Company) the nomination form.

6. A nomination must be witnessed by two witnesses. A nomination form not witnessed by two witnesses will be rejected.

7. A minor can be nominated and in that case the name and address of the Guardian shall be given by the holder.

8. The nominee shall not be a trust, society, body corporate, partnership firm, Karta of Hindu Undivided Family, or a power of attorney holder. A non-resident Indian can be a nominee on reparable basis.

9. Transfer of Shares in favor of a nominee shall be a valid discharge by the Company against the legal heir(s).

10. Only one person can be nominated for a given folio.

11. Details of all holders in a folio need to be filed; else the nomination will be rejected.

12. The nomination will be registered only when it is complete in all respects including the signature of (a) all registered holders (as per specimen lodged with the Company) and (b) the nominee/guardian.

13. Whenever the Shares in the given folio are entirely transferred or dematerialised, then this nomination will stand rescinded.

14. The intimation regarding nomination / nomination form shall be filled in duplicate with the Registrars & Transfer Agents of the Company who will return one copy thereof to the Shareholders.

15. Upon receipt of a duly executed nomination form, the Registrars & Transfer Agent of the Company will register the form and allot a registration number. The registration number and folio no. should be quoted by the nominee in all future correspondence.

16. The Company will not entertain any claims other than those of a registered nominee.

17. The nomination can be varied or cancelled by executing fresh nomination form.

18. For shares held in dematerialized form nomination is required to be filled with the Depository Participant.

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Mar 31, 2014

1 Based on the information / documents available with the Company, no creditor is covered under Micro, Small and Medium Enterprise Development Act, 2006. As a result, no interest provision/payments have been made by the Company to such creditors, if any, and no disclosures thereof are made in these accounts.

2 Loans, advances and sundry creditors balances are subject to confirmation by the respective parties

3 The management has assessed that there is no impairment of Fixed Assets requiring

provision in the Accounts. Accordingly, there is no debit to the Statement of Profit & Loss for the impairment of Assets.

4 Deferred Taxation :

No Provision has been made for Deferred Tax Assets in respect of unaborbed long term capital loss in view of uncertainity that the said asset will be realised in the future.

5 Segment Report :

The Company is engaged in the business of Non-Banking Financial Services and

there are no separate reportable segments as per Accounting Standard 17.

6 Related Party Disclosure :

As per accounting statndard 18 the information for related parties is given below:

Name of the related parties

ASSOCIATES

SUBSIDIARIES:-

1. Avit Exim Limited

2. Coolhut Traders Limited

3. Fabert Merchandise Limited

4. Footflash Trading Limited

5. Gabarial Enclave Limited

6. Gritty Marketing Limited

7. Jatashiv Developers Limited

8. Pawanshiv Niketan Limited

KEY MANAGEMENT PERSONNEL ( KMP )

1. Basant Kumar Sharma RELATIVES OF ( K M P )

7 The Company has Complied this information based on the current information in its possession. As at 31.03.2014, No supplier has intimated the Company about its status as a Micro or Small enterprise or its Registration with the appropriate authority under Micro, Small and Medium Enterprise Development Act, 2006. Amount due to Micro Small and Medium Enterprises as on 31.03.2014 RS. NIL ( PY RS NIL )

8 No provision has been made on account of leave salary as there are no leave to the credit of employees as at the end of the year.

9 No provision has been made on account of gratuity as there are no employees who have completed the required number of years as per the Payment of Gratuity Act, 1972.

10 Previous Year figures have been regrouped, rearranged or recasted wherever considered necessary.

11 Particulars required to be furnished by the NBFCs as per paragraph 13 of Non- Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 issued by the RBI are given as per Annexure-B attached hereto.

Note :

1 The above cash flow statement has been prepared under the indirect Method as set out in the Accounting Standard - 3 on Cash Flow Statements

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Mar 31, 2013

1 Based on the information / documents available with the Company, no creditor is covered under Micro, Small and Medium Enterprise Development Act, 2006. As a result, no interest provision/payments have been made by the Company to such creditors, if any, and no disclosures thereof are made in these accounts.

2 Loans, advances and sundry debtors and sundry creditors balances are subject to confirmation by the respective parties

3 The management has assessed that there is no impairment of Fixed Assets requiring provision in the Accounts. Accordingly, there is no debit to the Statement of Profit & Loss for the impairment of Assets.

4 Deferred Taxation :

No Provision has been made for Deferred Tax Assets in respect of unaborbed long term capital loss in view of uncertainty that the said asset will be realised in the future.

5 Segment Report :

The Company is engaged in the business of Non-Banking Financial Services and there are no separate reportable segments as per Accounting Standard 17.

6 Related Party Disclosure :

As per accounting statndard 18 the information for related parties is given below:

Name of the related parties

ASSOCIATES

SUBSIDIARIES:-

1. Avit Exim Limited

2. Coolhut Traders Limited

3. Fabert Merchandise Limited

4. Footflash Trading Limited

5. Gabarial Enclave Limited

6. Gritty Marketing Limited

7. Jatashiv Developers Limited

8. Pawanshiv Niketan Limited

KEY MANAGEMENT PERSONNEL ( KMP )

1. Basant Kumar Sharma RELATIVES OF ( K M P )

RELATED PARTY TRANSACTION

7 The Company has Complied this information based on the current information in its possession. As at 31.03.2013, No supplier has intimated the Company about its status as a Micro or Small enterprise or its Registration with the appropriate authority under Amount due to Micro Small and Medium Enterises as on 31.03.2013 '' NIL ( PY '' NIL )

8 No provision has been made on account of leave salary as there are no leave to the credit of employees as at the end of the year.

11 Previous Year figures have been regrouped, rearranged or recasted wherever considered necessary.

12 Particulars required to be furnished by the NBFCs as per paragraph 13 of Non-Banking Financial (Non- Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 issued by the RBI are given as per Annexure-B attached hereto.

TERMS/ RIGHTS ATTACHED TO EQUITY SHARES

The Company has only one class of equity share having par value of ''10 /- per share . Each holder of Equity share is entitled to one vote per share

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

As per the records of the Company , including its Register of Members and other declarations received from the shareholders regarding beneficial interest , the above shareholders represents legal ownership of shares

SHARES ISSUED FOR CONSIDERATION OTHER THAN CASH

Out of the above 74800000 (P.Y. 74800000) Equity Shares have been issued for consideration other than cash

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Mar 31, 2012

1 Based on the information / documents available with the Company, no creditor is covered under Micro, Small and Medium Enterprise Development Act, 2006. As a result, no interest provision/payments have been made by the Company to such creditors, if any, and no disclosures thereof are made in these accounts.

2 Loans, advances and sundry debtors and sundry creditors balances are subject to confirmation by the respective parties

3 The management has assessed that there is no impairment of Fixed Assets requiring provision in the Accounts. Accordingly, there is no debit to the Profit & Loss Account for the impairment of Assets.

4 Deferred Taxation :

The Principal components of Deferred Tax Liabilities/(Assets) are :

No Provision has been made for Deferred Tax Assets in respect of assessed unabsorbed speculation losses and unaborbed long term capital loss in view on uncertainity that the said asset will be realised in the future.

5 Segment Report :

The Company is engaged in the business of Non-Banking Financial Services and there are no separate reportable segments as per Accounting Standard 17.

6 Related Party Disclosure :

As per accounting statndard 18 the information for related parties is given below:

Name of the related parties

ASSOCIATES

SUBSIDIARIES:-

1. Avit Exim Limited

2. Coolhut Traders Limited

3. Fabert Merchandise Limited

4. Footflash Trading Limited

5. Gabarial Enclave Limited

6. Gritty Marketing Limited

7. Jatashiv Developers Limited

8. Pawanshiv Niketan Limited

KEY MANAGEMENT PEROSNNEL ( KMP )

1. Basant Kumar Sharma RELATIVES OF ( K M P )

7 The Company has Complied this information based on the current information in its possession. As at 31.03.2012, No supplier has intimated the Company about its status as a Micro or Small enterprise or its Registration with the appropriate authority under

Amount due to Micro Small and Medium Enterises as on 31.03.2012 Rs. NIL (PY Rs. NIL )

8 No provision has been made on account of leave salary as there are no leave to the credit of employees as at the end of the year.

9 During the year the following companies have become Wholly Owned Subsidiaries of the company:

Name of the Company Date of becoming WOS

1. Avit Exim Limited 02.01.2012

2. Coolhut Traders Limited 02.01.2012

3. Fabert Merchandise Limited 02.01.2012

4. Footflash Trading Limited 02.01.2012

5. Gabarial Enclave Limited 02.01.2012

6. Gritty Marketing Limited 05.01.2012

7. Jatashiv Developers Limited 29.03.2012

8. Pawanshiv Niketan Limited 30.03.2012

10 Provisioning as per AS 29 Amount

TAXATION

Opening 69,949

Add: Additions 80,637

Less: Adjustments (64,111)

Closing 86,475

11 Previous Year figures have been regrouped, rearranged or recasted wherever considered necessary.

12 Particulars required to be furnished by the NBFCs as per paragraph 13 of Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank) Directions, 2007 issued by the RBI are given as per Annexure-B attached hereto.

13 Till 31s1 March, 2011 the Company was using pre revised Schedule VI to the Companies Act 1956, for preparation and presentation of its financial statements. During the year ended 31St March, 2012 the Revised Schedule VI notified under the Companies Act, 1956

TERMS/ RIGHTS ATTACHED TO EQUITY SHARES

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

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

As per the records of the Company , including its Register of Members and other declarations received from the shareholders regarding beneficial interest , the above shareholders represents legal ownership of shares

SHARES ISSUED FOR CONSIDERATION OTHER THAN CASH

Out of the above 74800000 (P.Y. 74800000) Equity Shares have been issued for consideration other than cash