BACKGROUND

ABans Enterprise Limited (the Company) is a public company limited by shares domiciled in India, incorporated under the provisions of Companies Act, 1956. Its shares are listed on BSE Limited. Its registered office is situated at 36/37/38A, 3rd Floor, 227, Nariman Bhavan Backbay Reclamation, Nariman point, Mumbai - 400021 IN. The Company is engaged in General Trading of commodities (Gold, Guar, Jeera, Soya bean Etc.) and Trading in Derivatives.

a) Remuneration paid to Abhishek Bansal Rs.7,76,072/- ( Py Rs.6,00,000)

b) Remuneration paid to Ruchi Trivedi Rs.1,72,874/-( Py Nil)

c) Remuneration paid to Amit Gupta Rs.4,41,484/-(Py Rs.2,43,952/- )

d) Rent Paid to Abans Finance Private limited Rs.1 96 980 (P.Y.Rs.1,93,060/-)

e) Purchases(excluding VAT/GST) from M/s. Abans Commodities (I) Pvt Ltd Rs 5,60,12,500/-(P.Y. Rs.99 46 710/-) were made during the year

f) Purchases(excluding VAT/GST) from Abans Broking Services Pvt Ltd Rs.1,87,78,750/-(P.Y.NIL) were made during the year

g) Sales (excluding VAT/GST) from M/s. Abans Commodities (I) Pvt Ltd Rs 4,42,70,040/-(P.Y.NIL) were made during the year

h) Loan of Rs.50,000(P. Y.NIL) was given to Mr.Amit Gupta which was repaid during the year

i) Brokerage paid to Abans Securities Private Limited Rs.1,96,603/- (PY.NIL)

j) Balances with Broker- Abans Securities Private Limited (Excl. minimum span Margin required on account of positions O/S as on 31st March-2018) is Rs. 1,38,086/-(P.Y. NIL) (Cr.Balance) as on 31st March-2018

1. SEGMENT REPORTING AS PER IND AS 108 Business Segment:

The Company is Operating in two different business segments i.e. General Trading of commodities (Gold ,Gaur , Jeera ,Soya been etc.) and Trading in Derivatives . Segments have been identified and reported taking into account Nature of products and services, the different risks and returns and the Internal business reporting Systems . The accounting policies adopted for Segment reporting are in line with the accounting policies of the Company

2. Debtors , Creditors , Loans and advances are subject to confirmations and reconciliation.

3. The previous year figures have been regrouped , reclassified , wherever necessary , to confirm to the current year presentation.

4. The Figures are rounded to the nearest value of Rupee.