2. a) Rights, preferences and restrictions attached with shares

(i) The Company has one class of equity shares having a par value of Rs. 10 per Share. Each Shareholder is eligible for one vote per share held. The dividend proposed (if any) 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(if any). 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.

(ii) 9% Non-Cumulative Preference Shares of Rs. 100 each for cash at par were issued on October 29, 2015 to AMIL Holdings India Private Limited & Quant Employees Welfare Foundation Private Limited. AMIL Holdings India Private Limited has transferred this Shares to QOPPA Trading Private Limited on 30.03.2020. These shares can be redeemed with in a period of 18 months from the date of its allotment either in full or in tranches and have maximum redemption period of 20 years (i.e October 28, 2035).These Shares had been redeemed during the year.

(iii) 9.50% Non-Cumulative Preference Shares of Rs. 100 each for cash at par were issued on September 29, 2016 to Quant Employees Welfare Foundation Private Limited. These shares have been issued for maximum period of 20 years (i.e September 28, 2036). These Shares had been redeemed during the year.

25 Seament Reportina

The segmental reporting disclosure as required by Accounting Standard (AS) - 17 on "Segment Reporting", issued by the Institute of Chartered Accountants of India is not applicable The Company's operations predominantly relate to management and administrative services to the schemes floated by Quant Mutual Fund There is no reportable business / geographic Segment

31 Scheme Expenses - Annual recurring expenses relating to schemes of Quant Mutual Fund - Annual recurring expenses relating to schemes of Quant Mutual Fund which the schemes are unable to bear are borne by the Company

32 The Company does not have any Immovable Property whose title deeds are not held in the name of the Company

33 The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property

34 The Company has utilised funds raised from issue of securities or borrowings from banks and financial institutions for the specific purposes for which they were issued/taken

35 The Company has not obtained any borrowings from banks or financial institutions on the basis of security of current assets

36 The Company has not been declared as a wilful defaulter by any lender who has powers to declare a company as a wilful defaulter at any time during the financial year or after the end of reporting period but before the date when financial statements are approved

37 The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall

(a) 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

(b) provide any guarantee security or the like to or on behalf of the Ultimate Beneficiaries

38 The Company has not received any fund from any person(s) or entity(ies) including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

(b) provide any guarantee security or the like on behalf of the Ultimate Beneficiaries

40 The Company does not have any transactions with struck-off companies

41 The Company does not have any transaction which is not recorded in the books of accounts but has been surrendered or disclosed as income during the year in the tax assessments under the IncomeTax Act, 1961 (suchas, search or survey or any other relevant provisions of the Income Tax Act, 1961)

42 The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year

43 The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Companies Act, 2013 read with Companies (Restriction on number of Layers) Rules, 2017

44 The Company does not have any charges or satisfaction which is yet to be registered with the Registrar of Companies (ROC) beyond the statutory period

45 During the year the company has not made any Foreign Currency Transactions

46 Figures of the previous year have been regrouped / rearranged wherever considered necessary to make them comparable with current year's figures