Corporate Information

Indo Thai Securities Limited (“ITSL” or “the Company”) carries on the business as stock and share brokers on the National Stock Exchange of India Limited (“NSE”) and the BSE Limited (“BSE”); depository participants and other related ancillary services. On September 14, 1995 ITSL received a certificate of registration from the Securities and Exchange Board of India (“SEBI”) under sub-section 1 of section 12 of the Securities and Exchange Board of India Act, 1992 to carry on the business as a stock broker. Accordingly, all provisions of the Securities and Exchange Board of India Act, 1992, and Rules and Regulations relating thereto are applicable to the Company. On November 2,2011 the Equity shares of the Company were listed on the NSE and the BSE.

1.1 Terms/rights attached to equity shares:

The company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share.The dividend, in case proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

2.1 Details of amounts due to Micro, Small and Medium Enterprise under the head current liabilities, based on the information available with the Company and relied upon by the auditors-Nil (Previous Year - Nil).

*Non Current Investments are valued at cost

- Market value of quoted non current investment is Rs. 70,71,688/-

3.DEFERRED TAX ASSET

In accordance with the Accounting Standard-22 Accounting for Taxes on Income’issued by the Institute of Chartered Accountants of India, the Company has provided for the Provision for Deferred Tax during the year, as under-

4.1 During the year, the Company had specified banknotes or other denomination note and the details of Specified Bank Notes (SBN) held and transacted during the period from 8th November 2016,to 30th December 2016,is given below:

For the purposes of this clause, the term ‘Specified Bank Notes’ shall have the same meaning provided in the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs number S.O. 3407(E), dated the 8th November, 2016.

Defined Benefit Plans :

Company has made an arrangement with Life Insurance Corporation for Gratuity Benefits. Now the company makes annual contributions to the Employees’ Group Gratuity-cum-Life Assurance Scheme of the Life Insurance Corporation of India,a funded defined benefit plan for eligible employees. The present value of the defined benefit obligation and the related current service cost were measured using the Projected Unit Credit Method, with actuarial valuations.

5. Securities are normally held by the Company in its own name except securities pledged with exchange. Securities, which are not registered in the name of the Company, are held by the company with valid transfer documents.

6. Securities received from clients as collateral for margins are held by the Company in its own name in a fiduciary capacity.

7. The company’s operations predominantly consist of “Broking of shares/securities & other related activities”. As per the definition of Business Segment and Geographical Segment contained in Accounting Standard 17”Segment Reporting”, the management is of the opinion that the Company’s operation comprise of operating in Primary and Secondary market and incidental activities thereto, there is neither more than one reportable business segment nor more than one reportable geographical segment, and, therefore, segment information as per Accounting Standard 17 is not required to be disclosed.

8. The Company has taken office premises on operating lease at various locations. Lease rents in respect of the same have been charged to Profit and Loss account.The agreements are executed for a period ranging from one to five years with a renewable clause. Some agreements have a clause for a minimum lock-in period,The agreements also have a clause for termination by either party giving a prior notice period between 30 to 90 days. The minimum future Lease rentals outstanding as at March 31,2018,are as under:

9. The company has Two wholly owned subsidiary company i.e. Indo Thai Realties Ltd and IndoThai Globe Fin (IFSC) Ltd.

10. The Board has been recommended a dividend @ 10% i.e. Rs, 1/- per equity share of Rs. 10/-each for the financial year ended March 31,2018, subject to the approval of shareholders in the ensuing Annual General Meeting. According to revised AS 4 - ‘Contingencies and events occurring after the balance sheet date’ as notified, the company has not accounted proposed dividend (including tax) as a liability for the year ended March 31,2018. Due to said changes in accounting policy the Reserve & Surplus is overstated and provisions are understated to that extend.

11. Additional information pursuant to provisions of paragraph 5 of schedule III of the Companies Act, 2013.

12. Previous year’s figures have been reclassified regrouped and rearranged wherever found necessary to make them comparable with current year

13. In the opinion of the management, a 11 current assets, loans and advances would be realizable at least an amount equal to the amount at which they are stated in the Balance Sheet. Also there is no impairment of fixed assets.

14. Corporate Social Responsibility (CSR Activity): In pursuance to section 135 of the Companies Act, 2013 Section 135 of the Companies Act, 2013 and Rules made under it prescribed that every company having a net worth of Rs. 500 crore or more, or turnover of Rs. 1000 crore or more or a net profit of Rs. 5 crore or more during any financial year shall ensure that the company spends, in every financial year, at least 2% of of the average net profit made during the three immediately preceding financial year, in pursuance of its Corporate Social Responsibility (CSR) Policy. The provision to CSR as prescribed under the Companies Act, 2013 are applicable to IndoThai Securities Limited.

As per the Companies Act, 2013,the Company is required to spend Rs. 8,37,950/-(Previous year Rs.7,00,267/-) towards CSR Activity. Company has made provision of this amount.

Amount Spent during the period: Rs. 7,00,267/- (Previous year :Rs.2,48,000/-)

15. Disclosure of loans/advances in its subsidiaries and associates etc. As required under regulation 34(3) of SEBI (LODR) regulation 2015.