(A) Notes to Accounts:

1) Contingent Liability: Performance Bank Gaurantee to Clients: Rs.12,00,000/-;

Bid Security/Earnest Money Deposit in form of Bank Gaurantee to Clients: Rs.24,88,076/-

2) The balances of sundry debtors, sundry creditors, loans and advances are subject to confirmation.

3) As explained to us, the provisions of Provident Fund Act, ESI Act, and Gratuity Act are applicable to the Company and have been dealt accordingly.

4) According to the information available with the Company, there are no amounts as at 31st March, 2018, due to suppliers who constitute a “Micro, Small and Medium Enterprises” as per MSMED Act, 2006.

5) The Board of Directors is of the opinion that all the liabilities have been adequately provided for.

6) Earnings per Share (EPS)

7) Where the external evidence in the form of cash memos, bill, stamped receipt etc. were not available, the internal vouchers prepared and authorized by the company have been relied on.

8) During the period under audit, Insurance policy premium amount is charged to P&L account as consistent policy to charge in the year in which it is paid.

9) As explained by the management, there is no warranty liability, hence the provision for the same is not provided for.

10) Deferred Tax Liability:

As per Accounting Standard 22 on “Accounting for taxes on Income “ issued by the Institute of Chartered Accountant of India, Deferred Tax assets/liabilities are as follows:

P.N.: Deferred tax is measured based on the tax rates and the tax laws enacted by the Finance Act, 2018 @26%.

11) Related Party Disclosures:

Relationships:

Key Management Personnel:

Alpit P Gor Jayshree P Gor Pravinchandra K Gor

Manish Joshi (CFO) (w.e.f 15th March 2017)

Sobha Bharti (CS) (15th March 2017 to 1st September 2017)

Parth Panya (CS) (w.e.f 01st September 2017)

Relatives of Key Management Personel:

Vaishali Gor (Wife of Alpit Gor)

Companies under the same management or relative of KMP having significant influence:

Riddhi World Wide Express VJO E-Solutions OPC Pvt Ltd Riddhi Infocom Solutions LLP

Related Party with whom Control Exists

1. Subsidiary Companies

RCSPL Share Broking Pvt Ltd RCSPL Multicommodities Pvt Ltd Vibhin Online Services Pvt Ltd.

2. Step Down Subsidiary Company

RCSPL Share Broking IFSC Pvt Ltd

12) Share Issue Expenses:

During the year ended 31st March, 2018, the Company has completed the initial public offer (IPO), pursuant to which 950,000 equity shares of Rs. 10/- each were allotted, at an issue price of Rs. 130/-, consisting of fresh issue of 950,000 equity shares.

The equity shares of the company were listed on Bombay Stock Exchange (BSE) at SME via ID RIDDHICORP and Script Code 540590 on 22nd June, 2017.

The gross proceeds from the IPO aggregated to Rs. 12,35,00,000 and the corresponding issue related expenses (inclusive of service tax) stood at Rs 55,41,000.