Reliance Securities Limited Annual Report 2018- 2019
I I I
REUANCE SECURITIES LIMITED FINANC-JAL STATEMENT AS A1"MARCH 31, 2019 Palhak I-l.1). Associates Chaiion;:d ACCOLinlJ3nts
INDEPENDENT AUDITORS' REPORT
TO THE MEMBERS Of RELIANCE SECURITIES UM ITEO
Opinion
We have audited the J(companyu,g Ind AS finanC1a1 staterrie-nts of Reliance Securities limited("tM Compan'(''),which comp;iS
In o~r opm1on a:nd to the best o{ our informc1tion ,;1nd acc0tding to the explanatiOM given to vs, the aforcss\id Ind AS fu1anc1al <;t,i'ltem-ents giye the informaoon ,e-qvi1ed by the Companie, Act, 2-013("the Act'") in the 111c1Mer s-o teqt,tired and give a true and fair view 11, collformily with the Indian Actot•l'lt•ng Standards pre-icribed unde1· sect/011 13) of the Act read with th~ Compt1n1es !Indian Accounting, Standards) Rules, 20lS. as amended, ('"Ind AS"I and other accounting p;inciples gene~ally accepted in lndl;,,, of the sr<,m~ of affairs of the Company ,>S ;tt March 31, 2019; and its profit ~nd tot;al Comprehensive Income, Change in E:qu1tv and its cash Rows for the ye;,r ended on tha, date
Basis tor opinion
we COlldvcred our audrl of the Ind AS f?n.i,~cial st,llements in accordance with tht St.l1)ct;vds on Auditing specifi ed under Section 143(10l of the ;.'\ti, Our respot1sibilities under t,1ose St.incfords 3re fur1her dcs IC:ey audit matters Key aud,t matters 3re those maners that, m our professional Judgment, were of most slgnifie,,.nce 1n our audit of the Ind AS flnanciat statements of the turt(!nt pc:riod. These matters were addressecl lo the context of ovr .)vd1l of tJle Ind AS financial ;ta1eme nts a~ a whole, ond 1n forming our opinion thcr~on, and we do not provide- a .sep.iNrte opinion °'" 1hese matters Ht.ad Office: ti 14·81 s, Tulsiani Chamber$. 2,2, l{Jll~lt Pol!!I Mtrrtllll • 400 021. lndla. 1al.: + 9? 22 3022 8508 rax. ~ g, 22 3022 .B509. URL: V/WW,lild.ind in Pa Lhak I-1.1). Associates,, key Audit Matter How Qur iludit ~ddressed the key audit matter M3tke1 Linked Oebeillures (MLD) The CompanY' has non-convert, ble dcbentur(.>s W '---·-Provi.sfo------~~c-,-~~--+------ns a nd contingent liabilities in relation to ------l t;ix positions Refer note no. 34 of the Ind AS financial statemcrit. We hav~ involvl'd out t,)x ex.perts to g3in .in undel"\tanding of 1he cufrMt status of tht tax ('~SCS .ind The comp,:1ny ha> received variou,s demands and monrtored changes in. the dispute-s by reading external show cause uolires from the stt\!lc~ IM, dep:irtme-nt opinions received by the Company if any, where in respect of v.atious matte-I'S. relevant, 10 ~u.abllsh that the iil)( provisions had been appropn:ttely adjusted to ,enect I.he latest enernal The management have made jodgmcots rel;1ting to. developments 1he likelthood of an obfigation ,nisu1g ~n(l whethe, For legal. regulatory and t.aK maners our procedures there is a need to ,e.:ognize a provision or disdose J hlQvde1H1ngent li ability. We therefore foc~cd on this art-.i as 3 ,esoh of unceflalmv and p-otentlal material • tesbog key C(lnc1ols ;ur,oundlng litigation, imp.act. regulatory and ttlx S)fQCe 8asE!d on the evide.nce obtained, while noting the inhtrt.'nt uncertainty with suc:h legal, re-gulatory Md tilX maners, we determlned the level ol provisioning ,ind di.$¢1<>Sutc of ((Xlli08:.:f\l lf.»bihtiCS ~s. .'.ll 31 M.i,ch 2019 to be .appropriate. A.ssociates Pathak II.D. ,, Other Information 1he CompanYs Board of Directors is responSible- for the Qther information rhe other 1ntormation comprises the lnf()(mation included ir\ the ...0 1rector's Report" including Annexures to Oire Ovr opinion on thl!' Ind AS fln;incial statements does not cover the othet ioformauon and wa do not express any form of assur.)/\te condusion thereon. In connection w1~ our audit of , h e In~ AS financial stati::me,m, our responsibility is 10 re.a d the 01her information Md, 11'1 doing so. con~ider whether the other information is flliJtenal:v inconsistent with the Ind AS finanaal stalcmc-fllS or O\lt knowledge obt.1ir1ed 1n thi> a udit or othttwi:;e appears to be mattflJlly misst.ited If. based on the work we hil vt" performed, we eooclude that there is a m.ite,IJI mmtat.emtnl of this oth~I' information: we are required to report that fact w e have nothing lO report In this '°egard. RcspcMlbilhles of management for the Ind AS financi.tl statements The Company's 8C>Md of Director> 1s responsible for {he matter~ stated In Secuon 13415) of the Ac.t with respect to the prepMMioo oi these Ind AS fi npnci,'ll .statemenh thilt give a rrue and faif view of the f,n;incial position, fint1n<:it11 performance, change in equity and cash ffows of the compan'( in ;m:ord.:inc.e with lhe accounting p.rmtiples generally accepted in h'ldlil, tnduding th~ lndi.-.n Accovnong Stand:1rds (Ind AS) specified under section J 33 of the Att~ read witli th~ Companies (Indian Accountiog St.)odardsJ Rule<;, 2015, as amcnde,d.This responsibility ;)ISO il'\dudes maintf:Mn<:e of adequate acoou,nlng records in (lccordance with tbe prov1~1on of the Act iol' s.ifegvatding the autlS of 1he Companv and for pre venting .iM de tecting fraud:. al'ld other irregularities: :.cfc<:ltOfl (I nd application of the .'lpprop, iate accOot'!ting policies; m.'lklng judgements and estimates. that arc reawn.ible and prudent; and des~gn, lmplement.itu)n and maintenJn~ of adequate intcrn:,I f1nanda1 control$, that were operating effo-c:tivel'( fQt ensuring tht accuracy af\cl c:omp!eteness of the accountmg records. r('lc•,.int to the prepar.ation ;)nd presentation of the Ind AS fin:,ocial statements lhM give ;,i uue and rai, view Mid ,lre free from m;iteri;il misstatement, whether dve to fr;,ud or error. In preparing the Ind AS financial ~t Auditor's respontibilltles for the audit of l he Ind AS financial statcme-nts Our objcttives am to obtam reasoo;;ible assurance about whe1htr the Ind AS rin..ancial statements as a whole ;m: fre-e from malenal misst,nt-ment, whether du~ to fravd or error, and to issve iln auditor'i report that il'lclvdes our opinion, Rc,1sonable as.surance is a hiS,h level of assurance, but is not~ guarantee that an audit oondvcted in accordance wi1h SN, will always dt't~ct a ma1erial misstatcmt," \vheo lt e.Kists. Misstatements can arise fro m fraud or t:trOt i1nd are considered m,:uemil if, individually or 10 the aggregate. they coutd f e(IS01to)biy be expecte-tl to ,nnuence the economit de<:IS,1ons of users tt1ken on the b;isis of these Ind AS fln:inci.11 sta~ements. ' Pathak I I.D. Associates c;f'-'11• 11 R· • • • As p~rl of (In audit ill accordar\Ce wHh SAs. we ~x<-rcise i:,rofessional jvclgintnt and maintain pl'ofess,onat scepticism throughout the audit We also: • ldcntifv ,:md assess t.he ris~ of mJte(ial misstatement of the Ind AS financMI statements, whNher due to fraud or ~«01, design and perform avdh pmcedurla!s respon$1ve to those risk!., Jnd obtain audit evidence that is suffkient .lnd appropriate to provlde a basis for ovr opinion. the nsk of not detecting .l matettal misstatement resvlr1ng from fravd is higher thal'\ for one resvlt,ng from error. a> fr.;iud may involve collusion, forgery, intentional om1ss~ons, m,srPpresentations, or ,he override or internal conuol. , Obu~in ;m understandint: of lmernal conttol rtlt?VMH to the audit in order to design audit p,oc.edures th~l clre ;)ppropriate in the c1rcumstanc~s • Evaluate th~ app-ror>rfateness of t1«ount!ng policie!> vscd ;md 1he rea:.On.)blene,;s of accountrfl'lt e.s.tima1es al'!d related {11sdo-;,ures mad!? b\' mJn;igement • Contlu • EvalvJte thP overall present~ti-On, structure a11d cootent of the Ind AS fu,ancial statcrr,cnts, lnc;l-.iding the disclosures, and whethi:r the Ind AS financial 51.lteme.nts reprtSCl''II 1he underlying tr.li'IS;tr.tions and events in .:t manner that achieve,; f.'ttr presentation Materiality is the m.,gnitude of niisstJtements in the Ind AS financial statemenls that, mdividv;1lly or 1n aggregate, makes it probable th.a.I the ecooonuc dem,,on':> of a Wr te>n,01un1ca1e with tho!.e charged with iovern;ince 1e We also provid~ tho~e charged v.nth governance with a statement that we have comp.lied with re levant ethical reqtiirements rega(ding tndeJ)endeoce~ and to communicate with them all rel.ateonships aod othe-r matter!. that may reasonabty be tho1.1ght to heaf on O\ir independence, Jnd where ap-plic.abtc, rt"lated sa,feguards. From lhe maners communkated w11h those charted \vith govemanre, we detem11ne tho;c mimers that were of o,ost slgruficance in the- <'lvd,t of the Ind AS fin,1ncial sutements-of the current pe1iod ,1nd Me therefore the key iiudit matters, \W: describe these m;mer.> In out auditot's report unle-">S lttw or regul;ition preduch:!. putilic disclosure about the matter or when, io e11ttemely ram cucumstances, we QI 111~.1~1 0001 Palhak H.D. ,,_ Associates ' ' determinl' th.it .i l'n3ltet shovld not be communicated in ou1 fC>POfl bec,.use the adverse con,sequences of doing so would reason.:ibly be ?.xpectt!d to outweigh the pt1bhc interest benefits of suchcommu;iication. Re port on Other legal a,nd Regu1a,ory Requirements 1 As required by the Compani~ rAvdit0t's Reoon) Order, 2016 l"the Order"'), issued by the Ce11va1 Government of India in terms of sub~section fl l) or sectiofl 143 of the Companies Acl, 2013, we grve In "Annexvre A" a sta1e-men t oo the matters Sl)C(ifeed 111 p-1,agrt1phs 3 and ~ of the Order, to Lhe extent applicabte 2 As required by Section 143{3) of lh~ A<:t, we re-port 1ha1. a) We htWt sought ,,nd obtilined .all the information and C1tplaM1101lS which ro the b~t ol our knowledge and belief w<:(ti: nece·» -,1"Y for the purposes of our audit; b• In ovr op1n1on, p(op-er books of account as reqwrcd bv I.aw have been kept by the Company so far as appears from our ex;,m,n.illon of those books. c:J The Balance Sheet, the St•ntment of l'tofit aod loss(lnduding Other Com;,rctiefls1ve lncomeJ,!he Clsh Flow Statement and the stawmenl of ch;,nge ln equltv dealt wilh by thi; report are In 3,greeme-nt with thE>- books of account. dt In our opinion, the- Jfore)ai(I Ind AS financial statemen.LS compfy with the Indian Accounting Standards specified under section 13) of the Act, read wi1h 1he Companies flndi,1n Ac<.oun6ng m1ndacd.s.) Rules, 20 IS, as armmdcd e) On the bai.is of the wrltttn repre-sentations rec~ived fr'Ol')"1 ci,e direct.ors ,u on 3ln March, 1 2019taken on {C<:e>rd by che 8oatd of Ditectots, none of the dire r) w1,h respect to 1he ade-quacv or the Internal fl,1anc1al controls with refc (c,oce to finandal statements of the Comp.any and th~ oper~ting effpcuveness of suc.h controls, fefer to our sc;>t1<<1te A.epoct In ''AnneKure 8" g) \1/ith ,e~ptc-l to the other mam!'rs to be included in the Auim0t's Steport tn accordance with the requirements of st-ctlon 191(16) of the Act. as emended: In ovr opinion and to the best of CHI( iflfo:mauon and according to the ~xpi.-nat!ons given to us, the remuner.:,tlon paid by the- Companv to itS ditector:, during ;_he year is in accordtmct>- w,th lhe p-roviSions of section 197 of the Act. h) With respect to tht.• othc, l'uJncrs robe 1nduded in the Auditor'~ Report in ,'t<;cordance with Rules 11 of the Companies (AucJit ;ind Auditors! Rules, 2014, in our of)(nion l,l1ld to the best of our information and accordil'\g to the eKpl,rnl'!tlons given to us: L The Company has disclosed the uripdc.t of pending litlgatiol\s on it s financiill position in its Ind AS financial-statements m note 34tQ 1he Ind AS financial statements: n The Comp~nv dld not have any long•tetm contracts lll(lvdlng derivatlVe comracts for which there were anv m;,nertal fore.seeab1e loss.rs; Patl1ak 1--I.D. Associales ;\ m. ThN<- wtre l'lO .:imovnt-s whic-.h were reqwred to be transferred- to the lnv 1v. During the yea; the disdo~urc rel:,wd to Specille,cf Bani< No;;~$ as defined in the Notit'ic.mon 5.0. 3407(E> dated 8th November, 2016 of the- Mi,,,suy of FlnJnce Is not applicable to the CompJny. for Pathak H.0 & Associates Chanefe(! A(COUfltill\(5, firm Registrati01'1'10,107783W Mumbai 11 Oate: April 30 ', 2019. Pathak H.D. Associates " Annexure A TO THE INOEPENOENT AUDI TOAS' REPORT ON THE IN D AS FI NANCIAl STATEMENTS OF REllANCE SECURITIES LIMITED {Reftr'r'ed to In ?Jh'lgr.'lph l under 'Reoort on Other Legal an 11 liHespectofits fixed assets: .i) The CompJny has maintained proper records showmg full particular'S ,ncluding qvamU;uiYe dtt.1-1ls Md s,tu.:iiion o,f fixed asset> on the bas.is of available inform:nioo exCt'Pl for In s-ome assets whc1 b) As explained 10 u~. all the fixed assets of the Company have ~een phys1(illly venfted by the mtin.:igeme.nt ma phM~d pcrloQl<:al manner, which in our opinion I:, rNson,;1t,le, h,;w1ng regard to the site of tht COi1'1pilrW .incl n ,'.l ivre of ,rs assets. No material discrepancies wc:re nooct-d on ;:uch physical venfication. c) In our opinion ,Ml-d .-ccor 2J hl O\fr opinion the inventories (securities} t,.cM,' been •1eti f1ed with thP. Demat holding statt:menls d,.:fing the ye;,r by the Ma.nagement at reasonable i-n!Ctv.tls and .:is expl~lned ;o us no material di.sacpandcs wc:re 1lOtic:ed on physiC.ll verltication. l) According 10 1he inforrnation olf\d expla,1l cl l1ons given 10 us, the Company has not gr:1ntcd tiny lo.ios, -secured or un.s.:cuted 10 any compani~s, firms, limited 1i3b1ht\' pannerships or other parties. coveted i,, the rrglster maintained under Section 139 or the Act Con.sequ,entfv. rhe provisions of clause (iii) (.il to cl3use illl) lc>ot parc1graph 3 of the Order arc uol tJpplicable to tl'le Companv 4l In our opinion and ae<;Ofdi.ng to th<- iflfotm,won and explanations given to us, the COfllf.)(tnv h3S (:omphed with the provisioni. or 5<.•ction 1136 or , ho Companies Act, 2013 in respect or g.1~1'11 of loans.. making inve-stment,s and providint gv;,)r:intees. ;u1d securities. The Company ha.s l'\Ol gr,lOled 51 According to the iMotmi1:l1on and e1t9lanat1ons given to us, the Company h;lS t10, ;lCCept.ed any deposit from the public. Tt\('rCfote, the provistons of Clause (vi of paragraph 3 of the- O,{ler 1s not applicable to the Company. 61 Accorc!!ng to 1he Information and explanations giv..:•n to us, the Central Governmem ha'> not prescribed ma,ntenanoe oi 7) In respect of Statulo1v dues-: al According to the records of the comp,1ny, undl-sputed statutory dues indudmg Prov1d<:nt hmd, Employees' State Insurance, Goods aod Service Tt1 x (GST), Ce.!,,s and other materiill >tatutO(y dues have gene-rally be-en tC(l:vlarly depOS(ltd wtth t1 pproprJ;ite authorities. Howewt in rcspe ~.....B·~ ••so~~. ~ v,u'-'~P-1 S. ~~ro•~~ '· !1 I ._ Palhak H.D. Associates " arnounlS payJble in ,e,specl of the afore~a ,d dues., were outstanding as at Marci'\ 31. 2019fof ii period of more than s•x. mo-nths. r,om the ditte or becornmg payable. b) D<:l3ils of dues of Se"'1ce Tax hns nnt been deposited as on March 31, 2019ori .iccovnt of di.iputes .!re given below: Name o f TNature of IAmo unt Period to ,\l'htch Forum w here Statue Oues (Rs. ;n Lakh) . amount relates ..dls~te ls pending Service Tax Demand, 2007•200f , CESTAT lntet'tsr. and i1U to i:>enaltv 2011-tl Servtce Tax Demand 926 July 2012 l0 Cornmis:sioo.er or June 2017 CGST .service lax Ot>m,)1ld 484 October 2014 to Com11\i SSioner or ~~ptember 2015 CGST Servu;.-e Tax ~mand 928 2005-2006 l0 Commis$loner or 20 10•11 CGST 8J In ot11 C>")iOiOr'\ omd .icco 91 According 10 the information and explanahol\S givcl'\ to o '.i, the tfrm lo,v1s ,,,ised r!uring the year were, p(ltn.:i fooe, t,een applied for the p~rpose fo, whu:h loans were r;.lsecl 10) During the course of o,,r t Ki)O"lul ,We>n of f he books and records of the Company cauied out in accordance with ttie genc-r ally accepted ill1 d1t11lg pt(IC(lce 1n India and according to the inforn1at1on and explanations gi11en to u~. we h~ve neither come auoss any inst.a.nee o( material fr,1,ud by the Company or on ihe Company by its officers o. ciop1ovees has bee<1 noiiced or repor1ed during the course of ou< audit, nor ha ve w;: been informed of any wch (."!Se bt 1hc m,:1 nagement. 11) tn our opinion a,,c ;u;cording to the information and cl(?lcl Mtioos eh•eo to us, the Company ha.s paid/ p,ovideo managctla:I remuoe,at1()0 In accocdance with the requisite approv.tb ffic'lfld3tecJ bv the provisiolls of secti-on 197 ttad with Schedulf' V 10 the Companies Act, 2013. 12) In our opinion company is not a nidh; c:ompMy, lh1.'ff,ifort>. the provis.ions of clause h1ii) of pa,.igraph 3 of 1he Order are not apphcable to the company 13} In ou, opinic>n Mtcl a<:cording to the Information and explanations given to us the Company', transactions with its rclat~(I p.inv .:ire In <;ompl!ance with Sections '177 and 188 of the C-0-mp.tnJQi Act, 2013, wh-crc applic.il)le, .ind d et,,l1ls of rela1ed party trnnsactlon:-. have b<.'t'n da~closcd i" 1he Ind AS financial statem~nh a~ requited by the 3ppllc..1ble accounting standards 141 lo our opinion and according to the inforrnat,on .-nd exptanq~()n$ g>Ven 10 us, the Company ha:; made private placement of Market linked lltbtnturcs (M lO's ► " Pathab f-I.D. Associates - r , 1, 1:,1 In our opiruon and <1ccording to the information and e,q:ilanatiMS given to us, during the year, the Company has not l'ntertd , oto any noo•C<1Sh 1ransacdom with i!s directors ot persons connecte d with him and he.nee reporting under dause (1'Vt of Pa,.igraph l of the Order is nor applicable to the Company 161 In our opinion <1nd ,c1ccordlng ro lnforma11on and eicplanations pro11ided to os, th(' Company I> not requir~d to be regisU:red under stctioo 4S·IA of the Reserve Bank of India Act. l934 r.o, Pathak H.O & Associates Ch Mumbai 11 Date: April 30 ', 2019 ,!I!!. Patha.k H.D. Associates n .r ANNEXURE "8" TO THE INDEP£NOEN r AUDITORS' REPORT ON THE IND AS FINANCIAL STATEMENTS OF RELIANCE SECURJTIES UMITEO (R@forted to in p.3ragraph 2 (fl under "Report 011 Other legal a nd Regulatory Requirements" of our report of even date) Report on the Internal Fi nancia• Controls 1.11,der Clause (I) of Sub-section 3 of Section 143 of the Companies Act, l013 {"1he Act") We have audited tt\c lntemal ~in;u1dal Conttol with referc-nct- to fi1h'l 1, c:ii11 statements of Reliance Se~uritles limited ("the company") as of Jl" March. 2019in conJ unction wllh o-ur audit of the Ind AS financial stawment-sof the Compafly for Ll,e vear then ended. Management Respon.sibility for tht lntetnal flnanc1a1 Controls The Comp~n(s m;iMgemeot is respons,bie for cstabhshir.g and m,;1in1a1ning internal financial ec,otrol\ based on 1h£ internal control with rererente m finarmal )tilttmeot$ "llerta eitablished by ihe Cqmpany considering the essenliill oom.ponen1s of interna1co ntrol stated in the Guidance Note on Audit of fnttrnal r.1n,,r'IC1al Controls over finandal Rel)OrMg (the- "Gv1tjance Note") issued by the 1n.stiH1te o f C.'hartered Accouota,1ts of Ind.a Thes~ re.;pon.sibilltie~ 1nel\1de the design, lmplementa61>a .tn-d maln~f:nance of aclequat(' ll'\te roJf r,n;indal c.ontra-ls that w~re Qpcr;iting effe(':tlvely for ensurir>g the ordtr1v a:ncl effide-m conduct of its business, !ndvding adherence to Compaov·s poUcles, ihe safeguarding of its assets. ti~ prevention and detection of frauds a!'ld er Auditor's Responsibility Our responsibility l~ l{l e)(press an op1n1on on the Company's: intern;,! financlat controls with r('ferMce to financial statements ba~ed on our .iud1t we conducted our audit in ~,coordance with the Guidance Note ;ind the Standar~ on Auditing, p(esuibed under section 143(10) of the Companies Act, 2013 to the ex~ent .;ipplicable to an audit of intt?rMI tioane1aJ controls. Those Suind.trds and ihe Guldante Notl' require tha, we comply with ethical requu emtnti and pfan and perfotm the <'lvtht to obtain reasonable assut<'lnCt' .-bovt whether adequate intemal fin.ln-Ci31 c.o-nrrols with reference to nn.iineia1 s1,:1tements was establishe-d 111d m.)1 01a1n~d and if such controls opcr<'Jted efiectl11e ly 1n all material r(.>$p t'C:.b, Our audll involves perfo,ming p, ,l/lL ' - Associales Pathal< J-l. D. ., ,, Meaning of Internal Flnanc.ial Controls w ith refe,enc~ to finMclal S13tements A Coir.p;uw's 111temal flnancial control with rtf('(ence to fln,'.lnc,;,I %:nements is a proct>ss dc~gnL'd to provide reasonable .assurt1nce rei_::~rdu1g the reliability of financial rt>pOrlJng ,:md th-e nrep Inherent limitations of Internal fin.Jncial contt0ls with reference to financia l suuemc,us Because of the ,nhcrtnt limitat,onS, of internal financial controls with teft'rence to financial ;tatements. indudin.r the- possibil,tv of C()!h.islon or ,mproper management o·.1erflde of controls, material inIssIatements due to error or fr.tuU may occur and not be detected Also, p Opinion In our opIn1on, T() the best of our Information and &CCOfd1ng lO the explanations given to vs. the Comp,'lny has, in all m.t1te1lal :espe~s. i!n adequate internal fin.incicll oontt()IS sys,em with referenct to finJnOal statements and such int-.e1 ncll fin.;incial controls with refe1ence to fin~nci.il Sl?ttemems were opcrat111g effec1ively as at March 31, 2019.- b3sed ()n the internal control wlttl reference to financial ~ta,emcots ttHerla established by the Company consicterlog Ihe essential com·ponents of imett\al control stated in the Gvldance Note. For 9athak H.0 & Associates Chartered Accountant$ firm Registt<"11Ionno.107783W,:'ic~;;,,,~ M ukcsh Mc.Ma r. . r, Re.lianc:e Securities Limited &8f&11CI} S~t N M M.-cti J;t, 201, (f 1!'1 lakh> , Portic:\llar, ...... M:>rcb l !,i 201! m!$b~i.a:a:u Al!!!!I Q:11 21>11 AS.SETS --~ "'111fkial A~ ,., ~ an:! c:llsb ecui,,,,11:,,ts l S,221 5,3S7 ),l8C> (o> 81,\k ~bnoc«hertllcn (11)~ • 26,S6? ,t,,. ?6-,638 (<) 0et.v«~ l!ll;tll(IIII lnwume111Jl: l (d) A«aY«tes ' (1) Tr:lde f\"Oef\~lw.5 • 12,190 17, 198 ,.,,,,, (il} 01:tlor 111.'Ci'(;ib~ t,l!ll c,, l3.95S ,,,..,"" (0 ""'111\~"lle l'T'.s •' , .127 3,SOO (9) other ~noal --.u l.'121 t900 "'"l,7t'iS NQr,.fi11anelal Afffts • (o) J11~¢illl!1 ,. 615 l,6J9 (>) Cllll'effl U!II ll~ (~) It "'592 ,,. (<) 0,C(¢t~ ta:t ,11lf.tt$ (.net) ,., "' (d) lr1~1KP,OPtlt( "ll "' C•J Ftoperty, p"1111t n ~i:m-:111 ,so" ill" (0 ~ti• ln~blc ~ " e:,s ,.... '" ,., 1,◄ 19 (0) 01:flet ro,,Mal'lt~ ;es,;ct'; ,". '" "' Joto.I Meet, 6.s,397 ,.,,.,. 63,635 l.1A81Lmes ANO EQUITY U "ilfUTIH Finand11I Ullbilltl~ C•> ~ t\111in~ lnW\lmellts 2.78" 12 ('l ..,., .. " (I) Nl!e c:~bles (i) t«# o..(st,)lltlil'lg tlllti Cf m',O,C. ct!terl)ltt.eS aru: .smll "" ~"'"""'(ii) \O\,il o~n9 ~ d O'l)Clton: o:ller tnan mkro c,-~~nsmal en~o!lse$ 2S,S2'J 29.632 l1, S-,gr.l'iunt-i«o11n!ln9 i:eb:,ieHrc IICIII:$ to the (,l'l,)Mlilt st.>temeMS tto5l Tiie &<~11>"'9 noc4'$ rom1 an ,11w,ir-=I ~It d ttic f'i111tlldat %llemtff$ A$ !)tr OU• /IWl<:he Fot ~ti- H,. D. ti. Altoeilltftt Frw ~nd °" behatf of thl: Go6rd of Oifector, O..G ~1Nr O..a,, 0111: OT22)999 ,h-t,l.c l1 -:J.v.,.,<.-..,,,t1~;, _.....,N~hifflhrtlihla - fl&::c : ~ I Coo-o;,ny 5e N ... For the year ended For t ho ye:ir ended Partlculars No. March 31, 2019 March 31, 2018 A Revenue from operations Interest lnconle i? 6,-00J S,9S9 N.'.CS al'!d C0l'!l,O)iSSI0n Income 2$ 181732 11,187 Net g,aSl oo rair Vlllue-Changes 29 3,sn 2,331 Total Revenue from OIX!raUons 28,~7 25,177 8 Other Income 30 1S3 llS C Total I ncome (A + 8) 28,760 2-S,.!i.6_2 Expenses Finance oosts 31 2,72.2 2,208 Fees llnd commls:sioo e:icpense 2.1~ 2,206 Employee ~ .ncfits El (VI) Other Comprthenstve Income Items that wUI not be redassiTKtd to profit or Cc,ss 1 Rc·tneo$Urernent of PQ6t retirement benefit ObliglttiOl'I galn/(loss) (SI) (57) Tax. on &bOve II 12 Other Com prehensive Income (4-0) (45} (VU) To~I Comprehensive Income for the year 2,24f 665 Earnings per equity &h~ro (Amount In') 36 Basic. 1.09 1.28 DIiuted 1.0-1 1.28 Significant accounting policies Md notes to the finandul stat1?Jt1Cnts 1 to 52 As per our attached ~ Cf even date For Pathak H. o. & Associates For and on behblf of the Soard of()ircd:Ol'S Chartered Accoontants firm registration No. 107783W - - .,..-t.vJt\.. ~~ - & •ssq, '{v-~ ~ AmitBapnJ Mukesh Mehta ~~aMUMBJ·<,~ ~Kw .. •~f ~ Oir1\~rt.,.._,,_,.~-"! r~~!- Ashish TO-rilKhia- Plbct : Mvmbal COMpany secretarv Date : Apfl 3o, i011) Membership No. 'F33l/1 Reliance. s«urttles Umlted St-.atement of cash flow for year tnded March 3 1, 2019 f!'or tl'te. ye&r ended For ttie yea, ended M;arth 31, 2019 Mi!lrd, 31, 2018 A. ca.m nows ttom •~ting activities Net PTofit bci;fore tiix as per statt:mettt of prom and loss 2,161 )00 ~ (PrOfit)ILOH on S Ch ~nges In a$$4ts llnd libbtlitict {lnc~;uic:)l'Dccrea$e in L-.tnt ba!aitlces ntv. conSIOOted asQSI\ and c;:iVI cqtMlllelltS S.,628 (5,'102) {lnc~as,eyDeereasie in b'ade r«elvabtl:$ 3,]96 3,S99 {[flcrease:voecreaSie 1n. ln111;n«)Oo, (156) t,02,) {lncreaw)/ ~.,lo.,15 (1,110) (12,845) {tncrc11!le)/ Oeuew: ti othe1 frlanclal asSE"tS ,,.113 {1,135) {tncrease)I OOO'e~ i'I OVIQr non fir.;)(IQa :iucts .. 659 lncre.,seJ (~)., dcriv.,.Jves inslrt.lMMts (net) 2,783 ( 12) fn~.i~/ (Deacase) ir'l trade l)ayables (4,103) 2.219 tm:re11te/ (~c) ir'l other ~anclal l!abllltles (HS) 169 focrellt# (Dec:rtn;e} kl prcviSlon (16) .. focrease,1 (DeCJ'ea.Se) ~ other noo-ffl;il'Q;:il li.il:ili!ics Cl,!l§l 771 cash now.s from/ (uscd in) opcr:iti ng arti oJiHes 12,643 (S,543) ~en\ of tax!!S (11et OI N'!fl.lflds) (490} ()99} Net casli flows ftOn'I / (used In) OP4r.rtin9 ,11ctivitics (A) 1~153 (5;]42) e, cash Rows- from i n..-effi ng actiV'lties Furch&~ el property plitnt arid en~ment I\ lnt:mgbk': lls-.::e!~ (7-i9) (1,HS} sa:eot~asool:S 10 5 P\lfd'la;c ci i~rncnt ~ty ( 1'1} Pu1d'lll~ C( lnwstt1'8'1ts (3,127) (3,5110) Sillec Proocedi: from 11!10tmer1t Of eq11ity Sh.Ires 16,000 (Repayt'l'le!'lt to)/ Borrowing from lirw11~ ins Net Cuh flows from / (used In) flNndng ;i(tivitles (() (8,175) 7,151 Net lnueasct / (dct«-H,c) in cash« cash ectuivaJenl'S (A +B+C) 3,639 294 Opening balance! of cash and Clish eq utva!cints 1,582 t,288 5,221 1,582 6t,ur1u,...t C" 3- ,::,," Q.r; ·o~ .. ReUancc Securities l.imi.tc:d StatemcntofC11$h Flow tor ynrerided Hardi 31, 2019 F« the yc:ir c,n.d,ed For the- year ended P:irticulus Moirch 31, 20 19 March :u., 2018 a) Obst! and c&Sh equivalents ,o.,_,,1s-e Qid'I in 1..-id (~775) S.221 5,357 Tomi cash alld cash equivalecr\U 5,211 1582 b) Net d,ebl te«lOIICillatloo This. sect$On sets rut an ,r.... - 1i of net debt .vid thi: rr.o¥crm:nt?i in n« debt for each or lfle " rlOds - ,ese-ited Afat Asal Partlwlar5 .... M.a.rth 31 20 1° --· .. A- ril 01 20 17 CilSh and ash eq.iNo1~ts S,221 S,3$7 3,280 Debt (10,933} ,a,621) . soo..l'(les . , Borrcwlll,.,.. ..., 16 <197 1)6..41:C Nclc!~l ' 14.-! 15 'll 761 133 145 Cash a.IMS bank Partlc;ula.f$ Oe«>t &ecutftl9;: lk>trowU1!1f TOU-1 overdraft Net debt as at April l, 1011 1,280 . (36,425) ( 33,145) c,.,..,,, 1,077 (2h21J 9,rrn P,3JJ l~ere,;t expo,lle . . _!,209 2,10$ Il'!Wtst ""d . . .t57 12 157 Net debt il5 :tt M.ardl 31 l OUl 5 357 12 621 '26 497 113 7&1 C.i ih flows (136) (7,755} 17,503 9,612 I,m i:!lt expe,ttSe . . 2.m 2,7U Jrurest paio . . (2,531) (2,531) Ottlet non-caSh mO'ltffltnts • Far v:iloe lld·".. menls . ,55, . 15- ~etdebtuatMaf'dlJ' 2019 5 221 110 933 .. , (14 515 c) Tlle aboYe St.ltement of~ FlllWs hM tJt:m ~an:d 1-nd('i" lhe lnellrect m«tr«I as~ out In mo AS • 7 0t1 St¥.emeM of CWl iqc,ws oot1r.e<1 under sealon L33 of tho Ccnip,,n~M. 2013 (tl-.e Act) {CCt'npaoies (Indian Accounting St.,ricfutdl;} Rull!$., 2015}. as amendE (,f} Agores ~ br~ 1r.d~GGt. ~ - ~ .ic00lf'\llh~ i,g Mtd form .an k'lteoral part Of me nna11e1at stltemonts ~ per OIJt attacf'Je-11 rtl)QM q ( i:vcn cblc ,or Pathak H. 0. & A.s$0d&tes '°'" and 01'1 beMlt ol thi., 80.ird of Directws Chlilt$'edFm•;;~~ AcCOUnt;Jnt'S ~ m~r KUkffh Mehtll P11rtrll-r A ·· Mefli>ersht, NQ.. • (143-fi9S 01ft: (17223999 11 ,(~~.{,_ J ,, As!ti,J:,.l\!ethhta ~ ~ : MUl'lt,,11 cump,any sem~tafY Oil~ : April 30, 2(ll9 l i.uteme'lt o, <~ !I II\ .,quify 11.fqrpty$1,i1,-U PMtlc:ull~ No. otdlares Al'l'IO'JI\C a.tllnee u at April l, 201• 21.00.00.000 "21,,reQ ,2!WQttln f!:Ntysll~C«fUi htenoe- As $t M1tr hlJlnce ~IS •t ,\pl11 J, 2011 $,00.00,(l(IC) 0-Qt! !n $fl!)' !llire ?29! 16.00.00,000 lG'·"",000 &lili,,n(,14$ lilt MIIKl'l ll, 201S ll,OMQ,000 l.1890 Mo,o<&nu Amount b lance ill$ ai Aptll l, 201• 1,S0.00.000 ,.,. Chat!Q(S In (Sllty S.,ltln<:'$ l\f llt MIIN'l'lll, :Mi l t z..l!o,99:ogo :z,soo hS.m:enttAptil I, )01'1 (IIB1ge, '" ssu(Y l .~ 100))00 htanee As. M March ll, 2018 ;.so,001000 {:l!, Re'Pl'l'V6 a nd Sur '"" ....an: ....,.,., Oeben\1.1,. OPtioM CQmPffNl°""'n ~ ToOI Partl0Ul11rs Capitlll r- •~ptlon C-iln'm-lll Cjijljlilnlll119 it!OMI!! hlanee U llt ,\pril l, 2017 ,..., {15,&lS) ··-. . (U) (ll,242) Add: T111ns'(,rlll)m~tofProli\01"1l.c,s,, . . tJ6 . . . . '",, l'r!Jft 1(11' ~ )Oil . . . . I i4S' ' ' -~ ,,.,11 .... -- "' ' ,,. . (U,303) t,oral , .. , llS,-U$) ,.. , f;;,i•"'•• • • 1)1:11,nn,rf Ril NOTES 1 Coro0tate Information Re!i&ince St 2.01 Basis c)f prem:ir11ition of fi nandal statements {I) ComplJanoo with Ind AS These nne,oe1a1 statements have been p~ed Ill accordoncc with the Indian ACC01.l'ltlng sta11dilro$ ((1'1($ AS) normed under seam 1.33 d tflc C¢mVaries Aa, 2013 ('the Act') [C.ompa.11es (llldill11 A«lo\!1'1Ung 9".aodards) R\lles, 201s, as nn-1ctided and otfler relevant provisioos of the ~ t◊ the extent notified and ~ plical:lle as 'IJCII as ~~IC&tlte gL'klance ncte and pronouncements of the .lllsUtute ci Olartered Ao:ourtllnt.s Of India (!CAI). These financial stah~.tl'll'rltS ~ trie first r.na1)Cial sta«!ments of the oomp,1,.,y uilder Ind AS. Refer note SI for an ei,r,plai'lllti()I) <:A how the o-arvs1t1on from previous GAAP to Incl AS i'li,s ,/ff!4.ed the CO!Tlpw)nys flrancial po:sition, r.naooa1performance and <:ash flow::. (U) Historic.al Co.st Convention TIie financial statements have bttn prev.,red Qll. a historlcal cost basis, except fur u,,e f¢110tting: • Certain fwi~noal asseu and uai.ies (mdudlf'IQ derivatives: lriS'tn.lments) are me;;sured at fau value. • Denned benefit !)!ans - plan assets mc1m1r«1 a~ rair value. • Share booed P3)'menu 2.0 2 Fina ncial instruments Initial recognition a nd meas:ure.inent Anandal assets and fir..incltll liat>ititles are recogMEd \"1'len the ~ tily ~ a paltY to the conttaaval prov!sms of the instrwnetit. Reg,J!ar wav purdla Al lnttial recognlt>On, the ()()fllf.>01iy meawres a flnancli!I asset or finatiCial liabillty at Its fair value i)lus Of' mm.us, .. the ca9C <'A a l'inanclal asset or financial hobllity 1'10/: at fatr value throogh profit w JQss:, transaction cos.s wt are incremental and direaJy -.tr1tutable to the acqUISltlon 01 issl.'t: or the flnandal asset o, firwmcial h!bi!ity, st.di as fees and oommiSSiOJIS. Ttaosactton costs or nnanc1a1 ass& and finaindal liabifftics d!lrried at rait value tt('Oygh profit 0t loss au~ expensed in profit or loss. When the rac vait1:e of tlnaooal assets and liabilities (lilrers lrOITI the tran~on plice on lnltlal recognitlof\ the entity reoognlres the difference ~s folkw.o$: (b) VJh~ the fWft V'a!ue ls e---!denoed by .ti (l..iote(t p,ice In an actlVe mark.ct for e-, ickntkal asset or i.'lbi!ily (i.e. a l.el,,el 1 input) or based on:, valuation rechnlque tNt uses only data f«im: observatie tMrkets, U'IC differetice Is tecognnod as~ 9bitl « loss. (b) In ;)t oU!er «-SeS, the aiflereoce 1s deferrro ""d the timing or rerognltl0f1 of defer~ When the co:np.'my revises the esutna(eS of future cash flow:;, the carrying amot.Slt of tt-.e ~ tlnandal assets or fWtndal li;,bdlty I$ od.NS(«t to rtllect the new fflmate d1soountt-d l.$ng me Original elfectJW! ir(Crest; tl!!e. My Changes .re nzcognsied ill prohtor toss. ll.EUANCE SECURITIES LIMITED Note-s to the flnandal statements 2.03 Flnand al assets (i) aassific.ation and w bscquent m,eafuremtnt The oompanv hasal)p!itd Ind AS 109 a~ cl3S:$1t'.es as financial assets 1n the fol!owinq measure.inent categories~ • Fair vMJie throvgll prdlt <;< los.s (FVPl), • Fair va\Je through other oornprcllcnsi\'·t<: income (FVOO): or • AmOrtised (X)$l Debt instn.imcnts oeb't lns-.nments are those mstrW1'1entS Ula< meet tfle det'rnltlon 01 a flnandal l!abfuy from the $Suer'$ l)el'Spectlve. sucn as loans, government and corporate bonds and traoo n:ceNilb!es,. Cl;lssirie.'JtiOn and sa.ib$equent me.w.iremeni: d debt instruments depend on: (I) the compa,ny's t1Jsiness modd for nunllging the 81$$e(: an(I (ii) tt-.c a.Sil RtYn (ha;,act:ertv.lcs of ttle assel Based oo these factots, the oompall'f dnssif!M il'S debt itl6l11.1me!lts Jnto one of the followlng thre~ measur·esri,e,lt categodes: Ml0«112d C25.t: Assets that at~ he.U ro, OOIICC1i¢0 « COl'lt'iactua! ~Sh flows \\Tiet~ those Cti$h AoW'$ represent ~ly payments of ~ dpal and fnterest ~Pl') and th~ net d~nhted bl FVPL, a,e measured & amonizcd ('QSt.. Tile carrying amount d these 1 .w assets IS adjusted by any expected credit k>ss a!low...-ice rccognited and measured as descnbed ,n notio 45. lnteiest Income from these n11andal assets is recogriled using the effective Interest r<'lte mcthO(J. ~ ~ ~b Q1.ber mmprf!lcreiw: irn: fii\tlnc:ia! amts that ate held for col!eaion of OOtltrtl(:t.vait ash flews and fer seltllg ttie ll$selS, Wllefe the assets' cash flows: represent st,;ely p,J)•metits <;t p,lncipal and Interest, ard thilt ene not Sf21: Where ttr loss. Financial assets with t'ffll:cddcd derivatives ;ue cons;dered In their entin:?tv wren dete.-mining y,mether ther cash flowf &re ~ IY' payment of pnnclpal and .-ib!lrc:st. The oc,mp,'HlY (ecttssi!'ies debt tll\'eStments wtioo and onty \'!he(! itS bUSfness m:>def for ma~Jging dlose as...ers changes. The> reclMSificst,on takes plec.e from the start of the first reporting periOd f<'.llo,..hlg the change. Such ch&.1ges llrt e)(j)e(!ed to be ...erv lflfreqoent and ,'IO(le ooc«ted Interest Income lnt!!l'est Income Is calctklted by appfyinr., the tf't"ecti•te interest ,ate to the gross carrying wioont Of finar\Cia! assets, ecoept for: -') Pt.W b) flnancliY assets, that are subse!Quet1tly ~ c,·C(!it·i~!red (or 'stage 3'), for which interest r~'(!(IU!? .is calcu\ated by aa,plymg the eff'~ Interest rate to tn!!lr amornzed cost (i.e. net of U'le e>epeeted a edlt loss provlslO'l}, Toe effective lntettst rate- is the r&+.c that ,ex;,ctty di$00unts esttmated future C1Jsh rw,•mer1ti= 01 receipts through the expt.':ded lite or the financial asset or Onanc1:11 llabibty to the gross atrryftlg &iinount cf a flnandal asset (1,e, ris omorti1Jed cost" before any impanmenl nllo'n-bnce) 01 to the amortlled cost of a flnafld~I liiibllity. llle ea1cu1at1on ooes not consider expected Cr'edlt losses ar,ci 11cludes trans-,ction costs, p1emi!.w'r6 or dlscoont:s arid fees and POints roiO ¢t 1ecetved that are lntegr.,1 to the tnective interest rate, such as ongination fees, Equity instru.menb Equity Instruments &re instn.lil'le:1'11;$ that .1-ieet the deflf'l;'!lon of equity from the 1$$Uet'S perspective; that is, l1'CSlrvments that cb not contain a contractual obl9Jtioo to PbY ttl'IO lhat evfderu. a tesldual interest in the i~1'$ net aisse?S. The com03'lv svb$eq.lently measures al ~u:v ,~e~ at fair va,Jue. ChalliJCS in the fair value Gah'IS al'ld losses on equity 1rr,,-estmerits al FVPL ate lf'lduded kl: the statement of prof'if o, 105s. (ii) Impairment The ~ny assesses on a forward IOO!i:inQ b (iii) Df!re«:ognltlon ot fl nanciail in ftr,umcnt:s 'Fiin(lnci-,1 2,04 Finandal Liabillti85 (I) a as.slflcatlon and subsequent m,easurement Ln both the airrent and prior period, financial liabilities ~rt d~fied as subseQuentlV measured at amortized cost. except ror: • FinSG'ldal llat>i11t1es .u fair value throlql profit ot loss: this class!fcabon is applied to denv.,:Uves, tlna,11C1al liebl!it1es held for trading ~n!t Olller rinalY.'Jal uaomt1es cJesigMted as Stich at lnltlal recognition. Gains or tosses on financial lfabi!itieS • f1naoc1a1 llabihtles arising from tilt tra:nsfcr or lin~,ci~I as~I.$ wli(tl did not qua,Wy for de•recognibOI\, whe«:l,y • nnanclal !iamw 1s tecos,,i zed for the conslderatloo received for the transfer, ln $IMecNet\t periods, the company recop!\Qcs ;,.,y exp(W!St itlcuo-ed on ttie flnat1Cial llabaity. M-arket , toked 6eb (ii) Dt:rttognlUOn finandal liabilities ;,re dereoogniltd w!len tl\ey are extlngulst'.ed I.e. \'fflcn the oblig.'ltiO,i\ ~ In the oontraa- fS discNlrgCIJ, cancelled or expires. The exchange bctvK-en the ooinpany ~ ns original lenders cf debt 1r1struments with s1.1b$.t;!MiaUy different terms, as wen as substantial modifications d too terms of txiStlng l'iriaocial nabi!ltles, are accOtlrlted fol' as an exth~ishment of the 2.05 DC!f'ivativcs and ha'lgi~ activities Der1.,.att.. e> are tnmaHv rec~lzed at fair value oo I.ht The mcthocl or rcoogniting the tesu!til'lg fair value gain or loss depentts on whedlet the detNadW! cs designtited and Quallfles as a ~Q 1f\StnJme~ 8n(J if so, the narure of ttte Item being rcdged, Derlvattve-s that are not de5ign;1ted u hc:dges 1lie oompooy eiurs into certain del1vatrve contr.scts to t-.edge NSk$ \~Id, ;n-e not des.gn~d .is hedge!$. Suc:tl (X)fltraas are accoontcd for at fair \'31lue ttln:11J~-proiit .or los;s. RELIANCE SECURITIES UMJTED Notes to the tlnanclal sta~mertts 2.06 Revenu. Recognjtjon ReverRJe IS measured at fa:8 vatt:e oi the con5':ferM!on reccivtd or reeeiv.,ble. Revtl'NC iS re(.O(JMecJ v;hen (or as) trie C«nl)aoY siitisfle$.., 1)1:f'fo,m\:tnce obligation by transfen1ng a !)tOfnl::ecl good or se~ {i,e. an asset) to a c1.1£tome1. M cl$j;Cf iS tmMff!l' (I) Brokerage- fee income ReVef'IJe recognition fo, brokerage fees can be divided into the followir,g two ~egorieS: &) 8'¢keragie fees - "'1e¥ t1me • Fees eamoo f« the ptO'J&on of seMces ¥t rccog~ ove, tune as ctt.e wsi:omer simultaooou~ roccivts ~rd COo$l.ll'nes lh!'t t>enetits, as the sie1w.es are rendered. 'Tlles,e include brokerage (tie$ w!'lir:fl. i$ theed at lneepilon Irrespective of number b) 8roke,r.,ge rees - !)()inf in lime • R.evenue from ccn-.ract with a.,stomcr 1s rro:ignl,;ed p(lirn ln time as performance ob!i!)ation satisfied, n,C'$C inclvele brOk~age fees which Is ct'larged oer tranS3ctlOI\ executed, (ii) I nterest im;omt Interest Income IS recogniz«I using the dkct,.,,c intel'est !'ate (refe,- no-te 2.03) (ff) Dividend income Dividerid lnoome IS rec-ognlred In the statement of profit or ~:;s Q4'l the date that Che comparr('S right to receive pa)•1net1t is estabfished, It Is pr&.>ab>e that the economoc benetlts associated with tt'le divide,"1 v,m ''°'"" to the enttrv arid the .tmOI.Slt or $vi(1end c;)n be rdi;!lbty ~ed. lhls Is generally when the shareholders approve the cli•t.derd. (iii) Delay p.iymcnt interest Delay paymem Interest is rtOOQn.scd on on ~I~ (iv) tnfra,strut;tun:: ond reJ:ource management tees (v) Income from trading In derlvadves Derivatl...es are intua!ly reoogn1zed at rw v.,luc til ~ie da,,.e the defflative contracts are eotercd inCO, and are su~ertfv re-- 11\l'>,.asu(e.d to theft fair vstue at the end of eadl re.porting periO(I. llle n.'!Sult:Sng gain or loss is roo:,g~ In me statement of prcf1t and ,l....(ISS immedlately. other payments made ln connection with ~ e oererred tax Odcrrcd irooome tax is f)tO\'lded In full, usmg me liability method, on tt«()Ori.ry 1x:,t ~med for ti it arises from W!itial reCOQl'lltlon of an as.set or llabllity t1 a transoctm ~ U'la,n f 1)1.JS¥'1eSS combfnati:on tl:lat at the timt: ¢f Ul:C tta/'l$<1~tlon affects netthel' acoounmg l)ft:)fit nor taxa!)fe 1)(oflt (tax loss). Deferred mcomc tax is determi1'll!CI 1,61ng taie rates (and laws) th!lt htwe t-een enacted or s1.&..1antlait enacted b·f tflc et1d 01 the repo,tlog per1od and are elCpt'ctr.ld to opiity when the 1etated deferred tnoomc t.tx tts;et i$ ~alil.ed ot the deferred lr11:on1e l!,x &abaity is- settled. Oeferrod tax assets tire reoogni?ed f°' al dedl.Jct!l),e temporary diffl'f"Cnot:S and onused tax losses o"'Y i it ,s prob3~ that Mt.ft! taxable amouMS will be .:wail.,t,ic to vcmte tho&e temporary differences and kmcs. Oeltrred taK assets and l!at.-illlles are offset when there is ;, regally enrorcea~ rlgllt to offset c1.1ncnt t.'IK ~sets and llabM!es alld when the defett"«l l&X bala.'\CeS relate to the same taxation authority. O,irtent tax as.sets and ta,c liabilities t11t: ()(fsiel v1here me entltv has a IC9<"1!1Y enfortt.'lble rtght to offset and iotends ekhet to settle Qfl tl net MsiS, or to reail:e tlvJ asset aoo settle tM liabl!itv simultaneously. Current and deferred ta)( is recos,'lited i(l t)(Ofit or loss, except to the e,cttflt that 1t rel~es to ltans recognired in- otne, ~henswe income or directly In eQlity. ln this case, the W iS also recognized ln other oomprchensi\•e iooome or di~• in eqoily, ~'I. 2,0 8 Leases Looses in which ti $.'ig(llricant portion cf the risks and rewords ¢f OWl'le1sh1p are not transferrod to the t.O«ll)a(fy as lessee arc dtl~ed as operating leb:ScS, P;:t}-1'1'1~ made under operating le.:,scs (net Of ~ Incentives tece.vl'd from the iessn.-) are Cha,rged tO' ,crofil Oc los.s on a straght-linc b* ove1 the pertod d the lease unless the i,0ymcms are structured to inc~se in lifle Wlth expected gene~ inl\atioo to compensate for lhe ICS'SOt'll e:xpeae6 lnllatlOnalVOOSt Wlcrl!!IISCS, 2.09 ImpafnMnt of -,sscts JntMgible assets that have an ll'lOOfllllte useful life ate not subr.ct to amor&alien and are tested anl'llr.l!!y for Impairment,. or more frequently if events or Changes In drcumstiti\CCS ln(Sieate that they might be- !mpairect Other asscts &rt- ltstt 2..10 cash and cash equi 1,1aJcnts cash aoo ca.sh equl\lftrrts Include$ (Mil at bankS aoo on h,:,nd, che:(lues oo hand, sttort.·tci:m del'.)OSits 1~th an onqi"',1 mbturitv ct tf1~ months ct less, whlch arc wbicct to an ins1grJflcant risk of ch;,1-.ges il'l vallie. For ~ l)'.:rpose c,f p,esemat1on In the statement cf <:.!1:lh flows, cash and cash f!QUivMel'll.$ indl.des cash on hond, ~ held at call with floonoo! instit!.lti00$, Cl1'1ef' stiort•te:rm, bghly lquid il'l'Yestments with onglnaili m3turiUes d three montl'ts or le$$ that ~e readily convertible to known amol#lt$ ot cash aAd Vlh~h .:,re SWject.to an ins19nrlcant risk. cl chal'l!)eS in value, and bank. 011erdr'art:s.. 2.11 Property, plant and e,quipme.nt Freetiold land iS calTied at hisrorictil Cl0$l, Al other t~ms of property, pl11nt and equipment arc itated at Mtorlc,:,I cost ICS$ depredation. ttlstorical oost ridudei ¢l Subsequent COS\$ a1e induded 1n the asset's c:nrvi,19 i:,rnounL or recogrdred ;,s 3 ~1&:e ~ as approi:Nte, only \\tleo II fS p,oboolc that future economic beneftls .as!lOciatcd with the Trl:ICISiliOf1 to Ind AS On transmcn to Ind AS, the ~ny Nls ~ectcd to continue w.ltl\ t~ ai:rr,11'lg "~ Of &II ¢f its piope1ty, plant and equrpment tecogni200 as at Aprd 01, iOH measured as per the prevlws GAAP .and use that carrying villJc as the d~C¢$l or U'le property, Olant llncf e TIie estimat .,. useful 11\ An asset's carrying amount 1S wnttm ®"Tl ,mmedi;:,tcly to !ts reoovtr~e amount Ir tti.e asset's carryl~ amount is 9rrotcr thlln its esttmateo recoverable amount. Gains and losses on disposols are d~ rmined ~, c:ompa11ng pmoeeos wltn cany1ng amount and are rcoognited in the limeme,t of profc or toss, ASseu t<.J6li!'IQ up to Rs. S,000 a(e fully depreefated at the ome of acquston. 2..1l Jnt., ngiblc Assett lnttifl(Jible M9et$ ere reCl>;lhlzed ,\tlere ,. I> probable that tire fl.lt\ll'(! economic benefit e,ttrlb11tab!e to the assets w,n flow to the company ttlxf Expenditure Incurred on aca!.iSiliotVdevelO(lt'Oent or lf'Car,glble a<»ets whdl are not puVrt'tl(fy lo vse at Ule reporting date is disclosed under intangible assets under devtlooment. 11\e co«\Pa"Y amort12es Intangible assets on a strn~-ir'lc basis <,.-er the usefi, l!Yes of the asse(S commenong from the rnortih Ill which ttie ~S#t is nrst put to use. The company l)ro'ndoS p1o+rt1C1JJ r;lep(edatlOtl from tne day the asset Is put to use, lhe estimated usefuf lives for the bcklw assets arc; u seful llfe 6 Years Assets costing up to Rs. S,000 .ore rullvOCOreCiat-ed at the ume of ac.ql.l!Slbon. Tn<1nsitlon to l od AS Do tra~on to J/'ld AS, the oomoanv h-,s elected to oonlinue w"ittl tl\e carrying value- of all of il:s. ine»nt;iible 8$Sets tecognlzed as at M ill Ol, 2017 meastred as ~r che previous GAAP ~ d 1,se th!IC. wrylrig va!i,e as the deenied cost of the inttngib!ie assets. RELIANCE S ECURITTES U MlTEO (',ot~ to the fina ncial st.attments 2.13 Investment properties Pr<>ve:1ty that IS held for long-term tental yields or fOI' c.:ip,tal appreciation or botl\. &1¥J thM is riot Investment properties aN:!' dcpre 2.14 Off·Mtting fin3ncial instruments Arlanoa! assets and tiabihties arc off:.ct O(ld the net 8(rt;\lnt is ,epc,ted In the balance s."leet where there ,s a ieg.<,11y enforceable 11ght to offset the recognizeo amounts ;)nd there is tm inrent«:,n ro setue oo a net ~ a reahze the asset -,nd se.flle ttte liahllity s!multaneou;?y. The legally enforttable rigflt must 1xit be oontingel'!t on tUWre events and roost be enforceable n the normal ()OUl'Se of bUSinessand In the event cf default, 1nso!ver,:y or bankruptcy of the (0!1'11).'tf'IY « tt'le oo-.tntes-party. 2,15 lnvcntqri« Anarid:al lrlstrumMtS Mid as inverl:ory aii m~sured at fair \'atue throt1::1h {lroilt or lcr;s. 2.16 Borrqwing cost:J. General and spec!tk bom),.,,~g costs thiat are- drectly attribcJb>ble to the aGQU6itlon, oonstroc:t!on or prodiJctioo d., Jnv~nY,mt Income e.,med ()11.he temporar·( investment of specific borrowings pending- their C)(J)enClfhs'e on qua!lfy!ng aSSE'!S is deducted from the borrowing costs e!:ig.ible for a,pitblitetlOI\. 2.17 Provision5-, O>ntingt!nt Liabilities and Conunoent Asset Provlslons- Prqvl$ Contingait liobili(y is a ()0$$ible ob!igatlffl tha. arises rrom past events or Contingen t ff5etl A contingent ~$:;et iJ ll £)0~e asset that ansies from past eY'CfltS ;,nd whocs:e ~i$'.tnce w!II be ccnflrmed oolv by the «cu11et1ce « no:i-o1.-c1Jt1ence d o,-.e Or' mote uncetta!n future L"\-.:nts nx woolly withm tr1e control of the compairvf, A ¢0ntingenl 11sset IS noi: roo,gnisccl however dlsctosec1 In the nnancial s.tatements., if any. RELIANCE SECURITIES UMITED Notes to the nnandal statement& 2.18 l!mpl,c;,yct'l benf!fits (i) Short•tcm, obligati()nS: Uabllitles for salaries, 1ncll.dng other lfiOl'ICl3ty bf'l(I no~n)O(letary benefits that are expected to be stttlo::f wl)Olfy within l2 months after tile epd of the period In 'hfllch tl'I'! cmplo-r't'es render the related ser,,lee ate feo:>gnlSed In respect of cmpk.Ytecs' SCl'\lieeS up t<> the end or the l'epomtig period and are meast1red at the amounts expected t◊ be pa!(I when the "1bl!lties are settfecl. (Ii) Post-employment o bllgatSons The ccimpany operates the fOl!owing PoSt-tmpl()yment schemes: (&) G"-'ttllty; and (b) P«wkrent fulld.. Oeflned Bene.fits plans Gratuity Obl!gatlons The liability er .a:I.Set tetOQl'lllOO in the balance .sheet W\ respect of defined benefit 9fat1J>'ty plans 1s the present v.,1-JC or ll'le def,ned beoctit oblig.rtion ~ the end ~ the reporting per'-od less the fair value or j:A-,n timts. The- ddlned benefit ct:iiglttion t5 ,c;3ICUlated annually by aau..,·ies using the project«;, unit cre:tir method. The present value Of the oenr.e(J benefit obllgauon de:nomb1ated in INR iS (iii) Other long tem, employee b8ncfitobli9ation: Leave encashm~nt ~ liabililit$ for eamed leave a,e not expected to be settled ,..,hci!V !Mlhln 12 months after tM e,'ld of the penod rn which the employees ,ender the retatect seMC.e. They are therefOf't' me;,sured as the presen( valued ~e?>llgatton under such plan 1s determ:ncd b"'9Cd on actvariM va!ualiOI\. 2 ,19 Dividend$ Provision is made fo, lhe bmouni of any <.SV~nd ao:rue , being ;:1opl'Op1i&tcly ~uthOrued and no longer ol the (ll,:icrtnon of the entity, oo « before the end of the r<:pc.tit'lg pedOO bur no( diStnbuted at the end or the l'ej)Ol1tng period. for au f:quity mstn..1rm:nts {In lhe nature of eq;ilt-/) meilSUred at ~iOd cmt, klt.eIest e,cperrses (refc, nore 26A) IS recotded using the effoctf\.'e inlert$t r.,te (EIR). EIR IS the rate ·that exactlv di900l.lnts the e$lirt1Med future cash payments over the expected l!fe of Cle flnill'lci.al instrument. When calcuiatlng the elfecuw ~ terest rate, the ~ 1\y e~the expected aish flaws l'!v «itlSideriflg all the contractulll tmns or lhe rinanc;lal instrument. lrt:erest expernY.! • .. ed ill final'll::e cost In the ment of profit 11t1d IOss ~~ ~o>)t\llesl/JJ, ~( ~11 :' i_ ;;1' ~IJl·'Bl'l)l'V' 1·, J wt+• 1 °i c)_. ,,ff/, ~$.1, ¥ ~..1 ~71 ....q_..,,,, ~-illtu 11:.t~~··4 REUANCE SECURm es llM'ITU> Notu to the finand.al statements 2.20 Earnings per share (a) Basic eamil'9S per stT,are £a, l'dtlgs per sN11e 1$ OO)lated by dYIClng tM profit attributab~ to owners of the ¢0f'l"()3ny by the v,e;ghted average mmber d e(ltl{Y shares outst:lncirlg duflng th~ fiMf'ldal Year, adjusted (01 oonus. element In equit'/ shares issued dtring the Year (t-AAe 40), {b) Oiluted e;:im1ngs per$ha,e DIiuted earnings per :mare adjusts the figures I.ISCd in the (lcttrminat(on ot basic eamlogs per flare to take into ti«ovtit the alter Income tax effea. of Interest and other f!l'l<'lntillQ costs ass~led \'tith (Ii!~ potential equity stw.es. and the weighted lh'tfa9! number of aM!tlonal equity stlares that woold have been outsmnding a~mmg the COl'l'llers!cn cl all dlloove 1X1tt'l'ltiol equity Sl\:lres. 2..21 Foreign camern:y translaUOns Jniti<1I r0cognition On 1Mtal reco;,,ibon, all roreigo ce,1rreocy trens&ctions ~ recorded b'( applymg to the foreign t\l'l'rtncy amoul'l the spot cxcNlngc: rate between the h.f1ctloool 0.1rrency and the fo,;-eign cvrren,ey at the date of the transact~ ~ub~quent recognltlon As at ~ rtp0,til'l9 4.'lte, r«elgn airrency monetary items arc tr.u1slMed V$1ng the closlng rate and non·monel~· items that ate measured In ttrms EXdlange gains and losses an~iog on the :-.etUement ct monet.ary a.ems or on transl;,ting nlOMtaty Items at rates dlfferoot from tflOSie at which they were translated on initl.'11 rooog1,iti0fl (h.Jrlng the year er Wl previous finam:itil mements: are te((9'1ised in profit or loss in the year In wtllch tney anse. 2.21 Funrtlona.l and pn!:&ent.rtion c;urren<.y Th<= financial staterneru are ~tecl in llldioo Rupees: &tScl ~II amounts dlSdosed 1r, the f1Mncia1 Statements aoo notes have been rounded ()If \!Vto to the nearest Lakh & ziero dedm:1ls (as per the f«1ui1esnent or Schedule Ul) unless OO)er,-Jise r.tated. 2.22 Oftkal accounting cs.timlltff and ftJdQements The preparat'!Cfl of oo,1$0lic1.~ted tlnandal statements In accordance wit It h'l(f AS requires use of est1mMCS t'ln{t-as$U~iors for some Items, which m91l' M~ an eifect oo r.he!r te«191'11tlon and me;,Sl#"CnlCI'( In the balance 9:leet and ~cmcnt ~ ptotlt or loss. 1hc actual a:rnoonts ,e0,15e(j I'll(!)' &!'et trom these estimates. Estimates and underfying 8'$.$umpbC(ls are reviewed oo an ongc#lg t,a;,i$. RevlslOns to acco~ting estxn To13, 5,221 5 57 3,280 Note. 4 - Bank balance ot her t ha" cash and cash -ulvalents abov• Asat , , Particul ars ...... • - •101 2D17 March 31 20· -- •• h '!1 1. 2018 Fixed dCpo$it ti«ou.nts • He~ ;:,s kn (rcftr note'&') 8,329 15,171 16,019 • He1d as margin mooey (refer note 'b') 15,652 16,746 10,529 • Hekt as security with Oirect~e or EN01<:ement (refer note 'c') Ill 113 113 ·Others l,468 6() " Total 2 6,562 32.,390 26688 In respect of balances with 8an1;s in F-O(ed Oq;o:sit 30CWMS Jl:)c')w. Includes: (~) A$. 8.329 t.akh (Miln:h 31, 2018 • Rs.1.S,41L Laid! and Apnl 1, 2017 • R$. 16,019 Lilkh) kept as deposit with 00,ll,k fot isSuillQ or Bark Gl.!arantee to meet the margin requi'ement (c) Rs.. tiJ ~ (March 31, 2018 - Rs.113 Lakh .aM Apnl 1, 2017 • Rs. 113 l..iKh) lr.ei,t M-deposn \\1th D!rectaate ofEnforci:mcnt. Note 5 - Derl'vattve ftnanclal lnstrumetlt5 The oompc,riy emers Into derr.•attves for nsk mana,gcmc:!.'ll purp-v$CS.. Oerivalives held for nsk m3na~ putl)OSes lnduae hedges that either mee1 the hedge accoonting ro:;uirernMts or ~es that ate ecooom,c hl:dges:. but the company has ~ 00( to apply hccl{lc aoool.l'ttll'IQ reQllrernents.. "'The !.311.e b«ow .sl!ows the fair valuc..-s of ctcriYMive fir1cu'lda1 i!Wluments recorded as assets tosettie,- 'M~h their oouonal amounts "The 1'10l}Ofl11I amo11'1ts Indicate itle value of tra:isadions out:sli.lf'ldi'lg tit the. y-ear end and are not 1ndlc.ltive of eill'ler ttle ma:-tet t!Sk ix aeoit "'~ Fafr value Of PartkWars Notional amounts .,.... l nde): lin ked derivatives AS at March 31, 2019 ()ptiO!'IS P1,r (ha,secl 393 l ,.... 393 1 As at Man:h 31, 2018 Options Pl.l'(hh:S«l . . ..., ' . AS at Apr1101, 2017 OplfOns PUn:hiised . . Total . . Jhe compaf'IY tS e)Q:)OS0d to ccrtllin nsk$ iel~l'l9 to !ts on9()1ng bL>slness ooeraticns. Tbc primary risks managed umg defWatJYc ~ Strome!'\($ ~ l-lttk.et finked det,enlut!S. The <;0mpany'$ riSk mafl.'lgel'flent strat't?g'( ¥id how It tS ap~ed' tv manage ~~reexplained in Note 46 lteliance Securitie s limited flnanda) statements for the yc;,rended March 31, 2019 {tin l&kh) Nota6 . Recmva • b l.. Asat As at , Particul.M'5 0 . ... Mardi 31 2019 March 31 l0• ii "l 2017 ( i ) Trade reoetvables (a) SOOJred CMSit;tefed good 11,091 16,329 23,070 (b) unsecured Ct)o$i(te(ed 900CI !,099 W) 202 Consick:red <1<11A.,trvl 2,295 1,174 3 17 Less : ~nt loss allowanoe (<.l95) ( 1.714) (317) Tt>:a! (i) 12 190 17 198 "73 2n (U) Other receivables lJt\6tt'11t't?d oonsi'deted good • Receivttble • R;elbtcd part;e!l 459 . - Receivable • Others '22 461 . • RbreivOblC l Total (i ) 1 191 481 . Tobll (i+ ii} U,381 17679 ~ A.econciH.ition of impairment allowance on tra08 and othet' n;c,eivables: Im0a1rment allowance measured as ..e r "tnera.l a roach Amount l~nt eHowaoce as at P4:t1I 1, 2011 3 17 Add/(less}: chonges during lhe 11nar1!£al year 2,ca1~201s 1457 llnpaln'oent allowance as at He,di )1, l0l8 l.,'14 Ad'"' les.s-\: cru-es dur1-- the --- ;,r 521 lmn~irmcnt: allowance as at MiJ 31 2019 2,295 Reliance Securities Limited Notes to the ftneuidal statements (fin lakh) Note 7 • Loans AS3t Asat As at Particulars Mar(h 111 2n19 March 3• 2018 ---n101 2011 At amortised oost (i) Inl£r corpo(ate deposit$ 7,500 . . ii\ SEBJ Ma..,.,in Trbd~ Fundintt 6,455 12.&15 . Total (A) .. Gross 13,955 12,845 . t.essl: r ...... , irment loss allowance . . . Total (A). Net 13 955 r.,-s4s . B Secvred by t.angibte assets 6,455 12,845 . lJnsecurecJ 7,500 . . Lessl: l"""' lrment loss allowanoe . . . Total (B) - Net 13,955 P84S . C (i) Public SC(:to( . . . (ii)OtMrs Related parties . . lndMdual 5,726 9,Ml . HUf 59 81 . flim . . . co.-ov 8 170 3,623 . TotaJ (C) .. Groff 13,955 12,845 . Less): I=irment loss bllowance . . . Total ( Cl - Net 13,955 f-i- 845 . R•lbnc. Se A$ ff l'llll , 20 9 As at Karch '31 2018 , r11 t 20 17 I!] Jn1en,ill l';lltlflg gt ade Total ,, ., Total ... Tot,J St ., ... 2 SI> 3 .. ~ •• Sbne 2 '-t PetfOrMillQ 111~hgrade 7,SOO t,SOO ...... Non• PfJfOl'fflil'IO indivi:luallv inr"'red ...... Toe u 7 500 . . 1~ ...... AMl""IS Of man-"' DIC Ol'O,:S C&'" ~- " mount of m tCf" COl'IIOr.stc -...OSlts P.tr'tiCulars As~H.arc~l9~ Tot,! AsatM~ ~018 Total Stiine 1 2 e 3 SUoel ., St.\a~J Openi~ l:;,h1nc:e ...... Ntw ~ cng1nate<1 or OlttctlaSied 7,500 . . 7,500 . . .,..., l§E:d or ren;1k1 ...... ctosino balance 7500 . . ,,soo . . . . Rec~iliation of fCL bal&nec iuatM.irdl31 2019 PartlCUJar$ Total ~at M.llrch 3 2011 Total Sta l Staoc 2 StaoeJ S l Sb 2 sta,oe 3 ~!I l:)a1anoc ...... ,~ asset:. oril)NtEd or l'AJl'(Nli:Sed ...... Assets <1ere"""lllsed or ..._... .. '.d ...... ~ sw,g oiu.ancc ...... ~e,cUrlt,~,s , :! a:., ~.::_ii"' q,s , '0'~ . . • • .. i ' ,.~ ~ M " ~ 8 ' . ' ' ' •• t a~~3 " NN ; . . ' • -'i: ' l~•• I~a ~1 . i. .-~ ' ' ' • -~ ~ " 1l :; -.. . . ' "' . .. ~· N .!!B • cf 'fl .~ - .J ! I "!I ~ i) ~ 8 M . . M•• M ' . . .- 8 ' ' ; il-. a a 1~ :!l N E: 0 . ' ' N • 2;~- . ;.! ;;;S i:m~ ~ ~ J;B ~ f!: ;:; . • • i! ;," ' ' :."' %" • •• is '-' 1;:i ~- r. ;; - ".~g ·-~- il • • (i ~Ii ~l? a.: "' "' ~ . •1; ' .. s~ .. ~ Ii i •~ 1• l?j M M ts ; . . . . • • . ' a ' ·i ~ ~ -N ' !! ' ' ' . :.:. . . . ~r~ " M" t l! I~ ~ ea • "',:' , .;"' • . . ' • .,; . • • ' ~ --• Ii -,;;- ~ lf a 11 :l f ~s 6 < i ii • !I " ~ • "• •. ~. r·" • I~ ·Ji :. • !Jg 5 ~r a.i ::J 7i' : 1 .5 ••- ...•< ti ~ ~ t . ~ .. 0 ii ·• i :r- o '"'I 0 ~I ;I f • • 8 ID~ ilJ:! < ii• S -~ < ~ a. ~·- ti «i ~ --~·. j § s ;ii .ll s , "ii J: ... " 0 "".& t -0 ~ il j ~ :;, u ~t;~ 'f i ;,; .8 s ~e . a l! I • i a ;~ .• 8 i;. i "'i ~ afi - i ~ 'e r• .. 0 :i .0 .- i j tt "'11 ,, • [jj ..,~ " z z "- :. c,,,J;a. zS~ ~ : !i Ja : llcl.wlcb SO:utltlcs Um!~Cd Note, to tile llnnncie,;l ,ti,l;e1•1e" b Nott I . ~ tme"b At C.lr value throu~ A< Pllrtlc:ukti, _,ortbed ~l co~sl.°""' ve Pro(;\ .,,cl lo;,, ·SIIO!Oliil ""' AJi :it Kwdl 3 1, 20H llW~~ equity ~ {UnqlJClb:d} fAl!l'v i h#'esC'I' Rd~ Monet Jn'.nir.n.co.-rc IJmtedot ( 10 . . - -l iwo:,tment pl~' At '* V-..C ttll"Ollllh .. Other T- 1 ...... ef!!Oftil!Od~ QC1mprtMrdl_,. Pront :i,!d Jc»s Subtotal AHllM~n:fl :U, 201• tnv~irl cqu!tv lhofff~11oC:,td) t.;utv s~ of Ro::~c ~l.m-w. -l'"'cw,,cnt if! cltbtntur-e (Unq...:,mf) 3,50,000. 0,00;,i, lteak,el,~ ~1,~~ ..i KIii - S'ri,Q111 ~ ltd d f 1003 cld'I . . Tout{l) • G,ou: . . 3,5' ""'00 . "-5·-00 1 . . . I • ' 111 • mMI ~ ~~.,e I . . To W'A' • Net . . , soo . 1. 500 l~ IT ~! in.. M ~ · t ... -.II. . . l SO> . l ,SOO . l,500 Tot.. ( A) • Gtou . "''' . ~-"• lm""~ l lOZII~ I . . . Tot... !Al • NIii . . . 3500 . 00 c~crn «J.Sde lo,:h !~Cft;!. ft tf'ldb . ,- , "" foti,I <•) . Gros, . . . 3,,,500 •- •: 1-- rw,:,1>1 ~ll~ nQP . . '·"". . . . . 3500 TO!lll (8 ) • Met . I , ... K(lit rl'unti/t.l;ll •~ 1(1,19 !!111.,,,.!~-h:oo~.-~d~ISlOtr li"ole ~!i. A;~j),&,4~0: I~/A.;;f ry- ~'>;~• ~'; J,1UM3A~ ~'I ". "' ,;i.\ ~1 a ." ~"'.;, ~ • -It ~ ..,_,,) ·1~~'·:i/..P.}_(.t"t>~ D ~ ,~1~•.1- --t-1 •- - ' ' ' ' ' ' ' ~ I m m • M '' • ' ' ,: ' ' ' •• • ~ ~ 121"1,_ •• • • ~ " ' ' . ' ' ' 't i • I_.. ' ' ' ' ' I ,.- ► ~ • !:: • a ' ' ' .,r M ! ! ' ' • • ' ' ,. ' ' ' ' ,1 •• •~ a::>-1-- +-1 -~ ~ • • • M tt •• • ' ' ' ' ' ' • .... .•~ i t . a.~ ' ' ' IC 1-=1 M "' 3 ► ► a {" , 1 !i- ~.••• 1::. ~l ~ <~ ! • i.! I if[j i 1rl i g-1• 1 IL §I :• ali I! i ' ' ' " ' ' ' " N f~f ' ' ' •~- ' ' ' • § , § ~ . 8 .. ..; ' ' ' " I F • " ' ' ' •• ' ' ' • ' ' •• !! • • • • g • ~ N N • • ' ' ' • ' ' ' ' ' ~• ••• • • 0 8 ~ . ~ 8 • -~ •• ..; l .... ' ~- .. " g• • J ' ' . ~-1 ' ' . ' ;; " ' i ~ • " ' . ' " -· ' "• '' g • ~ ~- gN ~- N • ' . ~-' ' ' ' ' " ~.g1~ ' ~ • •• • < • ' . ! •i , ' ' ' ~= -• . " ;~,-~ ·a ••1• lr•• l· I !. l!. ,!i, rra Ii iJ.ll §}·- e j ~ ,~ t !; 0 fa• i ! i,t: ~• !'aJ- ~ g ' 1 • . f r! ~ - ~i -t i .. ,, r· Ii J. ~ l ~ J ._ £ a~! • 0 5 "' ' •...... • I • •• " ' ' • • • ' -- • ' - ~- - I I • • ' ' •' M C, " ' -- " '" - Iii ·~ , •• • ~ ~ N J; N ~ I• ' ' l! . ' ~ . ' ' ' ' i • •• ' ' ' I . ' I - ,·.- ► • • • • ?l -~ • ' -- ' " .,~ I .?l •• ~ ~ .,• M• -- I• ' ~ ••-~ N• ~ "- ' ' ' -l! - ' . "-· i i !i+-+-1 3 • ,, I ' . ' !• ' . ~= !- I ~ ► ;i 1 lr Iri • 1111•• ~]j·~ ~ri i s It • l! Z I IiF 6 11 II)j : &Ji ~ .,~ • -M~ i" i ,z i M ' ' ~ I s • • • ~ ! • " il ~ N g ;a ' ' ' • i; ' . • •• • ! 1• •l g ; ~ . ' ' • fl i l • J •~ • n • M ' I • ' ' ' ' ' ' • ,g ~ R •• •N ~- M N ¥* " ' M•• ' ' • . ' ' ' fj ' ~• r i < •• • •• I l Ji •~; ' I ' •• ' ' ' i• ~ -~ ! i • • • ► .]•• • ► ll ! Ji ' ' ' ' ' • • • I J • Ii ! i• I ••.'11 " ' "• ' ' ' ' ' ' ' • • l Ji ~ ..• •• i• = ~ ~ •~ e· •NN ~ ~· I:; ' "• " ' ' ' ' • · ti ~ ' I g • 1~ ., 1~ ' ' ' l ' ' Ji • ;~ ... !• ~- I- j 1f • •• > •• • ,~• -a •] a /;_·I • i !l J • '2 T ii t• ir :JC it Ir ~ ~ '11· !. •t,·~ & ,, ·- "j ,. t• iii • - i 0 ·1 i g .ll l • i)i ·! !.: ~Ii ' • a ! ¾l!~ j I•• •8 •2 : iie ''i- ~&i~ l'ii ~18 r 2 E - t: B i ~] •z l i Jijo ~l ~~! - Jzl "" ! '1!~ ""'-i uJ s Reliance Securities Umited Flnandal statements tor the year ended Harth 31, 2019 (t In takh} Noto 9 . Other fina nc,· a1 .... ts ..., As at As at Particu1ars ... ___ _.._ ... 2""9 Marett 31 2018 ·-n1 01 2011 DeJ>OSits • Coosictc1«1 good J,02! 2,lll 1,4165 • Conskfeted do,Jbtful - 2 2 Le!.s: i:--0v1s10n for doobtful advances . (2) (2) lntet'e$t {ltc1ued on fixiecl C>epo61t 367 358 300 Interest accrued on SEBJ MTf IObtl ~ 409 . Total 1A27 ., 900 1.765 Rclianoc s«l.ritlcJ lirnlted- ,il"lfllnti11I ~ mf!ntt f~ 0 -.Y'!llr 1!.Wl$d Mllrdl l l, 201' H... 10 l ~ '°" llt•t ..,, P&1t1CUI/IB J h a -vol\le .... ·- f'&,,r . s~ ·-·· M~ll ?018 A 'IOI 2017 0 11i'lll6tv Arno11r1t ~ ntltv Amolilnt Qllftlltitv AlnOlllll • l:q ult-,· ttKCn.lrncsrt:1 ~! P(l'.'1'1!Rt:IO ,0 10,0C.O s . . ti!IIO'JS1.\N l,NttMll I s . l'IIFOSYS llMITfO s . t~IIWI, CCfiSNI.C'l'!OO 2 ,.,.,"''"' ' . . . l1C1 ro,J~l{;S LlO , . . • . . 7,MS .. . . . lO SENlEXl~LTt> I . J'roti1l (A) •• "'"" •• • Uralts In REITs (~ Estllte tiwertment 'fn.i,t) . t'!OtA • flot'lds/ De'-t11tt' !nwwmtenb ltfJ.O,?Cl(IQJ,K m11$ ',"'f<' . . . tO II REL OU'CHX 18052018 L..,.,, . . . ll II.El.CAP M'T!.SO 1(007 1,00..C:C-O . . I< fl.Cl.CA? N"fV so Je,};20\9 1,00,,00 . . . "..."' ... R£1.('/J'liFTU'11':01CH l1 1,00.® ...... REL<:Af'~l(01Al>J7 1,00,W . . . ,. . . . " 11,ELCAl' ~l/1K ilWJ:Sl? 1,00,,00 " .. RfLCAP~NIC070tl7 1,00,,,, . . . . ",, ... lltLO'P N'l\.M 200i11 1,00,W ...... ,.,. . . . :s Ra.OJ> Nm.."" Jt0S11 1,00,oo:> . . Rfl(Ap >.f'llM) 0507l1 t,00,(('0 . . "'100 .. . . 1G II.Et.CAP 1'¥'n>OOi'Q:ll7 1,00,000 . . ., II.fl. HOMfO,O(JtOUS- l,UO/X» . - s ,.. R!LCN' ~1>0 o»n1 1,00,.0:0 . . . !00 ,,." llfl.CAI' IAU.O 010117 1,00,«:0 . !2S Afl '"'1'YSO l80S10'19 t,UU,.0::0 . . . 100 110 IU'Ll'ir'N0 lOll.2019 ,,,.,,,, . . . ,as 1,00,«0 . . . . P.F\tl-!61~8 . "" . RfL8·t6l!l9-JIJ t,OQ,OCO 25" ")) . llFL 8· 110111 1,00,«JO 31 . - Afl•N!f1Y•'1'4o:U 1,00,«.0 ,oo 1()0 . . . ,ru, 1,00,-XO ,. " . - R8.CAl' S,l!,11 U! t,00,«JO . . ,0 12 . Ae.CAP W66 I 1,00,-0I» . " tO . . AfiCAP 11-Wl A•I 1,00,V.O ... H ..,. 60" . - llf.LCAI' s,33? A, t,00.,0:0 . . . . RaCAJ> IN45 t t,00,000 " ,," .," . . 00,CilJ) 0-~(I A. 1,00,000 "'2S " . Ra.CAI' e,.tU 1,00,0QO " . . Aitf'LM•20 • I ),00,0'-'> ." " " 160" . lffll+2~·JU 5,00,0:0 . . ",. . W. FINANCE JUO 2WU020 '" ~0""-"BK 10.99P€Rl'T 10,00,000 1 II' I 11• I 1!• """ ." . " . "2 11 0!01.MW«w.JIN- !Nv, AhO FIN, Jl.50 . Ul;OIW(I( lUO 10.00,000""·"" l J0818N Note 11 • Currcnttt:ut asseu (net) As at Aut Partteuiars .. -~~\.._u, Mardi 31 2018 .. -,;1 -- --·- A(l•r.,rtCC l)oym,ert OI t.ax aM tax deducted at source 592 526 639 (Nel of Pro>Mlon ? ~s U>kh • 1"'11ch 31, l019, '657 Utkh • March 31, 2018, t 1,142 lakh • Apri Ol, 2017) Total 592 526 639 Note 12 • Cx!ferred ta,: .asJetf (net) .... , As at As at Particulars Mard i 31 2019 -1 2018 Anrtl Q t --·- Mln'tnum A!lem:tte Tax Credit 8'4 2S2 ...... 1144 252 ~ &•SSoc ~<\ties I.. ~ 0 ,.,, ) )~- . ,Ji ~ • lf.\}\}.~ J..;.-;i) !> 0- tr G " 0 Rellal'loe securities limited Finantial attitemenU for t he year ended Men:h 3~ 2019 {f In Jakh) Note 13 - lnvestment ptoperty As at As at Particulars .... • .,..: 2017 March 31 2019 Ma rch 31 2o~s GroQ carrying l!lmount Opening gross ~rrying ;,mount / Deemed cost l4 . . . 14 . """"onsClosing gr oss carrymg amount 14 ,. . Accumulated depredation Openln9 accumula ted depredation (0) . . io ,. '"-reciMioo ch..'11Qe Closing ~mulatt:d depreciation ,. -,. . Not carrying ;imount 14 14 . . _,Fair va lue Cf investment 14 ~ Jnvcst1i1ent pr~ ki!J)t as collateral security against th= nia1r1c.el: hMi?d dt'bcntvres (MLO$) (lt,!StaMog as on that date Reliance Securities Limited Fin3nd3I stlltements for the ye,;ir ended Mareft 31, 2019 Note 14-Properly, plan t and equipmtnt (t In lal<.h> t..easehold OMce F\trni ture Data p.-ocessing Partkulars Tot>I lfflnrovemef'lts e"ul- ·-ts and nxtures - ulnments Year ended Mardi 31, 2019 Gross blodt as at APfll 01 2018 762 258 23 1;319 2,362 Add:tlCW\6 160 so u 36') 608 OiS...... ,.'"IS ,,,,, 183 '203 '319 As .-t M'Mdl 31, 2019 836 225 27" 1,504 2,591 Accu.mulate:d ~ation 11$ at April 0.1 2018 (471) (154) (18) (868) (1,511) ~t N4t <;arryir19 amount as at March 31, 2019 255 87 8 6 00 950 le;1schold Off",eo Furnitu~ Data pl'OC$$sin9 hrticulan Totll tm~· emenb ~-ull'l,nenb and fixtures et,ui Year ended Mardi 31., 2018 Gross b6odt as at April 012017 925 272 27 J,,123 2,347 Aclditi¢(1$ 107 37 4 31' 461 o~-- 1269 (St 18 (117 1445 Mat March 3~ 2018 763 258 23 1,320 2,363 A.c;:c;umul;11wd dGprec:iatfon as at AprO 01 2017 (561) (1$6) (22) (759) (1,497) Depredation Charge for the year (175) (48) (<) (22<) (452) 265 SI 116 439 """""'~A.$ 11t Mlln:h 31, 1018 (471) ('53) (18)• (867) (1,510) Net canyin9 amount as ;it Man;h 3l, 2018 292 105 5 453 853 Q •••r1t;,,,J' ,,~,ff-~-~~· .---...,;O◊ i::·o .. \, .. . , "' 3 r,r, t! ,~\'- ' ,\<'";c; r-... 1!,,~,- ,. ~ 15" ' "· ~~--~ii:... / $;;';.,, ~">'?~---· ~.-; /J • ~'... J{J ~,:..,ti_~·,, --~,;;;;;,/J ReHance securities Limited Flnandel statements tor the year ended March 31., 2019 Note 15 - Intangible assets (~ in ll)kht Membership rights or Partkull!lrS Bomb.av Stock Softw;u·• TotaJ !xchan gc Limited Y~.ir c:.ndod M;uc::t, 31, '2019 Gross bl ock as at AprO 01 2018 7$ 2,354 2,429 Adi:Mions . 141 141 Qi--~ . ,13 {J3 As ;it March 31, 2019 15 ~481 2,557 Aocumulated amortlsatton as at Aprfl 01 2018 (7$) (1,324) (1,'99) Amornsatlon ct\arge for the year . (291) (291) Impairment bss for ttM:: )' Netgrry;ng ;imount ;IJ ;it M.irc,:h 31, 2019 . 875 8 75 Membenhlp rlgt,ts of Pattlculars Elomb3y Stot:k Sonw-a,e Total Exchange limlled Year ended M;irch 31., 2018 Gross blodl. as etApl'il 01 2017 75 1,697 1,772 AG:!1tlofls . 657 6$7 01~,..s . . . A$ ;it Marc;h 31, 2018 15 2,354 2,.429 Accumulated amortisation as at April Ol 2017 (75) (1,115) {1,190) Arnoftisation chZiCQC for th Nert-carrying amount as at Haren 31, 2018 . 1 029 1029 Reliance Securities limit«' Fini:inch1J SUlt~ment:s for the year ended M.areh 31, 2019 {°' In fakh) Noto 16, - Other non•finandal assets Asat A.sat Particulars .... ---- March 31 2018 A II 01 2017 C"J)!tal advances • considered good 13'1 91 ••• Actvanct to cmplcvces - - • service tall' paid under protest • C01'$(1ered 9000 - 154 35S • Considered ck>l.1WIJ 961 96t 96! Les.c;: ProvGon for cloubtf-.J, (961) (961) (96!) Attv<1noc to ,-enoorS • Considered good U)< 118 182 • COnstdered dou~ 18 28 40 Less: PfCNISion '°' doubmll advances (18) (28) (40) Prepaid~ 365 JSO 315 Oltlef RtCf:IYi}lJ!e • C01'1$iCJere<,f 9QO(l 14 20 61 • Con9dcrcd cxx,w" 10 132 69 Less: Pl'O\'ISIOn for cbubcfd (10) (132) (69) Total 677 , .. 1,419 Reliance secu11ues Umlted Financi;d st,11temcnts for the year i!mded March 31, 2019 ffote 17 ~ Derivative finand al Instruments (' ln lakh) The -OM1Qany entefs Imo cfe ,~ ...., on1,u amounts 4 fair V.tlUC ur Particu.Jars Llabllltles liabBitles As at Maren 31, 2019 Premium received on optsons ia,667 2,18'! Total 28 2,784 As at Marc::h 31, ?018 ' Premium reoeived on options . . Total . . As at April 1, 2017 Premium received on options 3,7'17 ll 0 I 3797 12 The company is ~xposed to oert.aln risks relatiruJ to Its o,l9Qt'l9 tlUSiness cperado.1s. The. orirr.ary tiskS m:1n:1oed usir,g <,',em•atl\,e insl.11.»neM$ are Market IIN Note 188 • other Pavables A5.1t , As at Particul.iri...... ,, March 31 2019 March 3 1 20 ' 8 2017 {.i} Too,! outsUtl'lding dt.W",s Of mleto enterpnses ~d smal enterp~:> . . . {b) Total olffSlar){jng ell.Jes or c,l.'(litOtS (ltber than mao eOO!fP!ises . . . ~ ~II cnttrpri~ Tota! . . . The infomlMiOn e:; rcq~ \.r'lder tj')f! t,tao, Small aM Medtum lnterpdses Oe\.-elopmMl Act, 2006 (MSHEI> Ad:} has ~ n detcmwted ro tbe ~ sur:h parties have been ldennfied oo the basis of irlormation rtc'O\-ed ft'Om St(l()1iers regarding their stah.Ps under the said clct as ;wanable with the Group and relied upon bv the auditcrs, is os folltwls: Asat .As. at .... Partic:ul;i r$ Mardt 31 2019 2018 A- rn 1 2011 Outstanding p,ll"ldc)al amount and llterest O'Je to wppher-s rcgistcn:d under MSMED Act and rem.ming: unpaid at the )-e.lr end: • PrinCIOOI ami>unt . . • Interest due there-On - . . (l\(Cfe5l ~ other than ll'lder section l6 of M~IEO Ad, to wpplim . - tegiSt""ed under MSt4ED Act. beyond the l.tll)Oil'lted dt,r «irtng the °"'""· l.f't:E:l'est paid under sectiOl'l 16 rl MSNEO Act,. to $UPJ'lliers ,eglstered . . . under MSMEO N:r., bc-(Ord the arppointect (13-y dt.nl9 the t)Mld. Amount of !merest die and i»')'!lble (w001e the prlnclpal has at'eacty - . . been paid tut interest hM riot tieen paid). The amoor.t d irltercst oo:rved and temainlng unpaid at the end of ucti . . . ~ct-cvnUng year. The amount ct rl.l"ther interest rema1rm9 OJe anc: l)&')'ab'.e e¥en ti . . . succeedng years, 1.11til such d&te •A'fl~ the ir,.erest dues as abcwe are actualty paid t"C.> I.he $1'11811 entetpl'lse, tC< tl'I!!. purpose of disa!lowance as o de Note 19 • Debt Securities Asat As at As ;at Particulars March 31, 2019 March 31., 2018 April 01, 2017 At ,.,,r value throu~ profit and loss • SeCU'red • Ma,1(,et linked Debent1.11e (NCOS\ !0933 1 621 . Total (A) 10,933 2,621 . Debt securtties !n Jndia 10,933 2,ru . Debt securities outside India . . . Total (8) ,.. 621 . ' 3 security clall$e in ~pect to debentu,es t-."C&.; M 'tW1'!1:lng t<> R$ l0,933 Lakh (1-lan:h 31,. 2018 • 2,621 Lakh) .are sec11ed by~ of lirst lt'Jfllur1g m~age <>vef the inmevable ;roperty and second Charge oo the present and future book debts and receivables lrtv~)ltie Ma .. ~, "l'Ofilc of Non Conve:ttibfe Deben:tures are as set out below: Series 2n20- 21 2021-22 2022• :Z.3 . 2026- 27 Total RC/180326 136 . . . . . 626 RC/180)1" 626 . ·~ RC/18032.6 73S . . . 73S RC/!8032S/2 Note 20 • Sorrowings (Other than Debt Securldes) ( f In lakh) Nat ure P;,rticufars (Secured/ Notes , unsecured) Asat ..., ... March 31 2019 March 31 2018 A~ IJ 01 2017 At.imortiJcd con Inter CO!l-'(lrate Deposit • n'Om ,elate,,,j partres lklse<1.11ed ; 7,500 6,S00 - Rvm other$ I.Msoo.ittd . 1,150 . Term toan from baflk. S- - V 80) 3,072 9,933 commercial paper- U"tseoJred """""""' Total (A) 8803 26 497 1 !im: &orrowil'l',IS in (nrJi& 8,803. 2(;,497 18,925 Borrowings out-side lndib . . Total (B} to t.i'IUy with ( A) 8803 2 6497 ~ (I) Inter corporate deposit from rt'2ated ~Tty· ReliM(E! Qfj.t31 l.lmlte:I of Rs. 7,500 Lb!(h ( March 31, 2018 & Apnl 01, :Wt7 • WI) cal'l't"ffng Interest ro.-e of 12% p.,1 I\. R.e!iarw:e 1'4lf)r.n Ufe AssetS Management t.i'r'i(ed 0( Rs. NII (March 31, 2018 • 6,$00 lilMl &. Aprl 01, 2011 • Nil) ca1t'(irll) il(Crest rme of 12% p.a. lCO'sare rtOit'J'Ol:J)e on (II) 'teem loan Is secured ~st nxec1 deposits.. The rat'e of intere$l Qn tenn loan vanes from 8.50% to 9.50% and are rq:,a'(tlbfe at maturity r<'lngirg 1..9 to- 12 mcothS. (111) Bank cwerd.lft JS sccu~ ~~st bOOk debt. 11-.e rate of lnte:re$t ~ !)0d( O\'ffl!raft vanes from 10.30% to 11,20% /Jl'IO ore repayable at m1Jti,i(V tal'lging up to 12 months, (N) LAS is $eC!:teO aga1nst shares or dicnts whO M\'e del:it balances IV) Nri. cf unamortised dtstOUO! off 7 l ,lkh (M8rtll 31, 2018 t <'18 lil' Note 21 • SUbordlnated Uabilities (t In lakh) Nature Partitul~rs (Secured/ Notes Asat Asat u n5ttllred) .... March 31 2019 Maret,. 31, 2018 ---111 01 2017 At amortlsed cost 10% Cumulative Reoeenab'.e ~nee Shares of~ 10 coch l\:llVIX'lid-W (CR?S) lklsecured I . . 12,500 12% Non Col'IYCftlble 0.11nlftilwe R~eemal:lle P(eltl'et1ce Shares of, 10 e.actl fully pakl Uj) (NCCRPS) lklsecwed ,, . . 2.SOO o % Noo Total (A) . . 0 6cm:l"inQS in I1'1!1a . . 17,500 8cml~>t1ngs oots Terms o( preference /J'li,i-t!I -i} !0%-C\,ll'WJlatwe Ro:lccmllblt Prcf<:1Cflee Shilt\'S (CRPS) 1s redeemable at ~ titer exl)lly ot 15 -years from the •> • a) 1hc 0% NCt«:CRPS Sl'lr.11 be reoeemed ,1t the ~ of 5 ye3r$ r,om the date of atlotmeat ¢f $hares. faGI NCNCCR.PS Shall be rtclccmed ~l an ailloont cakulilll?d to yield a rerum or I l-.00% p.a.. with from the datt! et rectiPt or ruruis t.0 to the d:11.t ¢ tedemptfoo. b) The NCNCCRPS hOICler'S Sh?.!! be enntled to saJt:il nlJ!ts tl!lcl Qnvllege$ as are a'lat.ll:le to ttiem l.tltler tl'.e compartes Act, 2013 Reliance. Securities Limited Fina ncia l statements for the ye.ar e nded Marcil 31., 2019 (t In lakh) Note 2.2 • Other financial litibilitle,; As •• Asat Asat Particulars 4 March 31 2019 March 3 2018 A.,ril 01 2017 Depos,t:S tecelved from sub brokers 1,007 1,015 990 Interest accrued & due 47 128 . Jnterest accrued & not due. 4 63 47 OMdend pay~ble on O % COmpulsorlly Convertible Preference ShMes of't' 10 each <99 34S 396 Totnl 1 S57 1,,551 1,433 Note 23 • Provisions Asat Particulars ...... , ua ·•. "'1 2 019 Mardi 31 2018 A-ril 01 2017 Provision for grcltW)' 112 92 100 Provision for leave encashmeft . 3A 3A Provision for Phantom Slod: opt;oos 246 208 66 Total , .. 334 200 Note 24 • Other non .fin ancial liabilities As ;;it As tt Asat Particulars March 3• 2019 March 31 2018 A ·1 - .,.,u,. Ptovision ro, e,q,enses 1,639 2,167 t,62S tncome received In advance 2,903 3,6?6 3,9•M ~tutory llabl!ltles 597 6SS 474 Boot overdraft . . 4 Payable to emplovees $6 46 . Others 33 621 34? Total 5,228 7 -165 6,394 Reconciliation of nrovislons other than emnlowee na.. a ble ----Prov1s1on ,or ProviSion ror Phantom Stock e.x-·nses Optk)M As at Apl'u 1, .t:D11 1,625 66 Add: Additions dumg the ye.,r 2,167 142 l ess: Utilised 11.11, 1$SOEO, $t18SCIUB.£0 ANO PAID UP ...... •• 11 312019 flhrc:h 11, ~ lt -01 2'017 Ho. Total ~ 000 1 0 00 000 21b. S 000 0 000 ""000 ,11919; I, r..... ~ """ tlqhlj, ilt"'Ch'd to .oultv .sbaru f i1\ilcV $hi11U.: 'fh:.wn\,$ff, ,,~,son)f Ol'ol (~Ill ~l),•«'ol11111Wng ap;y ...,u-,t t 10-::,c, ,,.:in.&th ltoltltr d tlll>IV ,h:ln iii tlll!llfd to OllC «.te PC1 $~, ...... tn N t•Ml d l!f,Jdillklr.\ cl etw: ocmp.,ny, doe l!O):lcr vi cq.-q '"111CS •fl OIi ~ei, QC! ,ootr,t JI!)' d Ille t'MISn)lg ll'l?!t clthe, OJfll~•,y ·tr.c ~ri, llff11l(ffl!Ci l,C.00 IAl,h,Cuutv S~•d .,,i !~ ~,ir.coa.B1~ Q:i,r.,J Lml:~ on.Marti! J'>. l0l8, o..r «ni.~1:1flh: ~ 250 u,Ch l'.~ li:!n 'C(irwffl~ 0.,,11'1t.Wc ~b-. f':~!O ~IC$ & , . 250 t.1~, um. 0.tnlAl!Mt" At(lto,!'f~b\l P,atnce: 9\l!Y!S d t !O ~ fUtr pliC, .... """'" .._ llkirud to ~~ Urr.brlN•t bt,!;n ~ ril 01 l0.17 it ..tou t blll°""' M •t ...... fqulty ,r..re, Ma,d!l 31 2019 M11rdl SI 2011 ANII O 2017 NO •. ol lllaru .... "' .. l!Dlanu c~ Ul!lted ltn-: hefriJlll ~,,,,"'1d :!J.00,00,000 ..... :u.oo.co.oco .... b~hee """"'·""' 4 , D.n•o lh• tm,:oM )-CW :ZOIS- l&, !)Ul'lillill'/'( 10 41P~ 'rl, ,,,,.:, d d!'OCUIJI; llfl 2nd 1".::iltn lOJ(,, • "'11 o( l 2.50')·- i,.,le'I v,Qt Cl?'tlltu,: frcwn C'o:itd1 At~Ollon II.es~ ~1r o, iu11anu « ~o ta\11 b:t'la ~off 10 ~ 1\1'¥ ~~ and the~ bollll$ "'111Cs "-.il«IM t-t 11111 c.omPMY ~n xth f'lmll 2016. n,e ~id b\111.(;" ?J111<(";wfrj ~ ~ tt.e p,Q.:,m.'tnd J ~ty :ll'IIIIC fo• c.,,.Y I \t()lify~flld t l:l~-'Cl'I tw:~b)'the ~ N1tfl0klt1Scltrlll CO~"( O!'I hlcl >(W'UI 20tfiw.tl'U'lll; ufrt n'lll:flf ~09 ,_,.oi:1in ,,____..,. Pld otRli. lO~ ..., '.I.XU ..Toti ! ,. . > '"' 'IOIOl I, TtfmSlk'ld lltiijM$ ;lttached tbO~ comoull«!l'rCOll\fCrtlbl,: ~(c1ence Sha~ IOCPS) (I) t-,.. ~ ~j'f; ~..:.·1 ~ eruroxi !.O 9.11n ,t)lllS ltr.d 1)11\'1~~$ OS ttt ~111~ to tl°C'l'l llOllff lilt Co111Nn-e5 A(I, l01) (,,) ll"o$ CCPS SMII ~ mm~-rttllle Irr~ ~I:( stl111e:1 r, Ire 0-milfft 1D Yt"~ fnim lhl: (la(,), ,)f ~ Vilrl.l!IQll. ~I $.#1 O'IOC :m:I ffl 9.d'I ~ ~cl CIJrd~ "' ,..,,,. be m.:tlll'ttf iqte!I betWl!!n It.: c~ md !he .;:fd'c~nee ~Mk\~~ ,M ~ ti 9.¢1 (l)m'91"'°'1- (tl) Tl.:~ ;»r,,b-.: l>"IW CCPS m,:~t)o,'I J211, to&¥. f),l.,(Sii< flfl' (fr.(j?$1 ,~m)WU, ~Ul fllllll l!ltd:r.t« 4l'W!lcnl oft.-.: ~-'IOI>' o::,~ef,eon•Oo!M1ilfw: ComWw~ ~o,e~I!! 111\'rt'!'t<'« ~!fl. (Xo«rtPS). (iw) ThU()(,'"5i'.III ,~!lo« 11$CCPSS~t be l l\,fyf.1,1i:ICQu:ty Slltttt« tht (#!!!»f!f to, t"e:)' S (v> ro !TIC e,ee,,t the Corn::,,,"' h~ 1iQt e,~n:1§€4 U op1r.,.1 tO CO ( .... ) The ~ft, hM4 ~~1()111(1 ~ lhtye;, OIi tll 2, The rec;o,,,cilittion CIII" o ..l! lllft"lltt or $1\Mti ~lllnQ 11:lld tbe amount ol ,11_ aipitel t1S M. M$<(;h lll, 20t♦, Mllrctl 3 1, 201• •l'ld April 0 1, .20l't it Ht outllt!OW; 1'11rtlcul&rs Asat .... ~ h J 1 2019 M11rdll1 ·-1a rilO""'l 2017 Ho.otstwa I AIIIOIJnt Ho,or.$haoti - r Amouftt No.ofsh11ru ..,_, a:,s< N\1~• ct Sh~~~ bog1Mil'l9 U(l,(Wl,0:0 .., l,S0,00,00> .,. ,,..,,.,.,...... ~ : ~0-!Mll ffie Ydll - ""' ., "'50"0 000 llllfl'tief cf sh!RS • the end l SO 0"000 ...... ',., """ • The ~ll't hid ,bt:1-d 2.9),00.00), 0 ~ ~ml.lit ~M-Ct¥"tlblk"c ~fk.tdwn~ P~n(t SharH (kt"NC::IU'S) to Jsdlli~ fiN•lt~l l,l(l•U Aari! Ol :t017ii5 •·· NO. ot~re,- hlllH No.ors t Q~ity ,h:anotJ No, otSNl'ft Ho. otiNres-~ .. No.orsht••• .. ,,,.." 2,50,(f),000 JC(l~ ,,o,....,. ,.,., Rcnm~ rn,n.:~llffll:td - kctil,ncc Sceuritics Umitcd Financ1211 state,ments ro, the year ended MaN:lh 31. 2019 f ln 1.akh Note 2.6a • Othtt equity As at Asat AS al Paltitulars . - - - . - M;i··h ""1 2018 A·ri1 01 2017 {I) Qlpftal ll?Sel\ie 2,602 2,602 ,,.,, (i) !wt.,:nod earnings <1Mm (lS,'.WJ) ( tS,825) C•i) Other CO(ll)1e11erisi...e l!'lcome ( 10<) (6<) (19) (t.i) Debenwre Redemption RescM S96 . V) Share bl11.Cd ooti:mi ouwad11) aoet1u11t "'. . Total 110 29S" 1"1 577 P:uticul;irs ...... Mu ·· 3• ,o·- Ma-11~1 2018 (I) Capital l'e!lt.'f\l'e Opening 6lllall(8S ,,.,, 2,002 Add: T111rl!lfer frotn Stalemer,t d PIOlil all() Los-s . . Closi 1-,l.anoes :ml -,---:-602 (II) Retained Nm1ngs Opening &l.lnoos (15,3-91) (15,825) Add : Profit for the ye.:1r ,,,.. 710 Less ! Transfer to Debenture ~rnpt~ ~ (320) (>.76) CloSino 8.atanc,es 'U 42.7 r.m!! (iii) other Comprehensive Ina,me Opening Bbla!lces (61) 0 9) Add Ottier com~~lve ir,comr fur !hi! vmr ( ,W) (<5) Clasi Slllanccs 1104 ' 64 (ilf) ~bMturt, ReoetnptlOft Rese,..... ~nlng Balances 276 . Add: T~nsfer from $tl1t<::mem dPtofitb..161/.1~ 320 276 Clostng ea anQes ••• 276 (v} Share based options outstanding ~ooount . . Openifl9 8.llill'ICU . Add: Sto:k op&.,nt berie:fil from p,ar'er"lt OOfl'llil/'l'f Natvrt and oumose of r1mv1 a) Qlpital resel"t'e Cllr,it.al ~ervd we maitW the rese!W$ cre;.ted dl,llll'l9 bc.JsillC$S comti~ k:< ttle g.111'1 on 1»rga!11 putdl1111e. The Ctlmp11rt(s cal-'.WJ,I rr,:r;C!f"lo b) Oebenture red~mption reserve TIie- ooq111nv Is it!t;ured <1> O'eate a creoennre reOEw'nptjon rcserv,c out of !he ~~ ,,11ctt Is av.,jlclble- tor p:rymont of divdeod ( Cf' the nomue of tt!d~otiM tlf deb~ c) Retained Nrnll'lgs Retat'led earnings rep,eselliS <1GOJ11TJlat«:I deficit in stb~t()r l)""Oflt alld los~ d) OtMr compretienslve lnoomo 00w C~n'ISlfehe.1~ income l\'l)feSEf"lts aa1.1ana1gal:'!s / (lo$ses) .irt;i119 co rr.oogni!iOn d Clerlrie Note 27 • Interest Inootne For tho year ended Fot t he year ended P;arti Note 28 • r,ees and commission & Other opel'ilti.rtg lnoome For the ~ar ended For the year ended PartkuJars Marth3" - -·- Man::h 31 2018 Broker*, wmr1ltGSi:;f'1ano rees 17,718 16,787 Managemer.t fees 1,01'1 400 Total l 17 187 Note 29 • Net galn on fair value c:han,gci For the year ended For the yur2019 end ied PartkuJars ___ __., ..,,1 March 31 2:"-•,. Net gam/ (Joss) on fol31'l(:i8' il'ISt.Jurnents at faff val!re thtOUfltl troflt or loss on nading l)()rtfollo lnvcstmcrits (f-luMI Ful'l(J) l26 Oenvanves ),6'13 1,9 12 . ...ty (67) S2 110 367 0 -1Ne t g:un 0$S)c>n r varue c nges 3 872 2 331 Folir Value ch:,!Jnges: ~alised 3,643 2,131 urreallsed 129 200 , .. ., ,,.e, ga,n OSSJ on Iil1 r v.i ue ngcs ,. 872 Renence securities UmJted Financial stattments (()f the. year ended Maret, 31, 2019 t In Jakh Note 30 • Other lnc:.ome f or the year ended For the year ended Partkulars March 31 .. o,A . - - . - 18 Interest on mme tax,eru, a 46 to In~ income • others - 2 Profit on sate of mutual Md 27 12 ~Ofit on ~ or nxed aS!.et - 3 U!ltiUly written bbck 10 Sl Miscellaneous -,come 16 6 Provl.slon no IOnger recp.1lred 54 Total 153 J.l Note 31 • Fi~nQe Cost For the ye~r ended For the year ended Particulars ·· r·3.t2019 March 31 2018 On ffnancial llabllllles measured at amortised cost: Jnttr corpor.,tc dCl'.)OSICS 678 •S5 Bar'lk twe111'afts 126 318 8ank loons-10119 ti,m, ;,.-1() $hOl't lerm 717 •as Prel'e.·er.ce shares 154 (Sl) 01SC0111t on commercial ~per.; 36S 801 On financial tiabilitie$ measured ;,t fVTPI.: Debenllll'e$ 682 - Total :t,7:U ,, 208 Note 32 • Employee Benefits Expenses For tho ~r ended For the !.~ar~endcd Partkutars Mard\ 3:1 2019 Man;h .• ,,. Salaro(!S, bc'IOtS .i,lel allowances 11,622 10.436 Contrib~OI\ lO l),QYicJent (tlld and Oll'!et ft.l'lds 571 468 Staff welfare eiq:,cnses 237 203 Total 12,430 1,101 Rol ian~c Soc;udties limited Fll\smdal statcml!frts: fo,r tM year ended M;a rdl 31, 2 019 tin lakh Note 33 • Others expenses F Rent. Rat.es and taxes {net) 1,S02 1,350 lt:Sureoce 22• 212 Commuro:;.'.ll)Qn & networking Cl\'lrges 431 3◄8 Mark.!tlng and advertisemo!Yi 7◄ Legal and professlcoal cttarqes 79' 1,102 Races Ol'ICI ~s ,. 164 Repair & rtt.Jl'ltl'n!lflce !18 180 Postage anel dtb totnerS .. 82 Blld detlts \\TiUen--Otr (!'let off prO\'islon \'t11te back ,o l.akh {pre",'10\IS• JeOr Nil} S9 233 rra'J'atinQan d com-eva.1re ~ ,ss 509 Bank Charges :66 181 LO'SS on disea1tmei,t or asse Total n.496 8,600 Reliance securities limited Notes to tho fin.1nda1 st;itements t in laktl. 34 Conti--t liablllUes Particulars ...... March 3"1. 2019 March 31. 2018 Alll"ll l, 2017 Ctalms not iKknOWI""":,,,"' a, ...... & i n resPtct ¢ : t. Go1m:1ntcc'I gh-cn by scfled!~d bal'id (), btll;:,lf of th~ ~;mv l.l)Yl·sds o:il11tt: I 111 ~ll.l~ deposit in favour of llombay Stoel: €i(h.,ngo t.im~cd • Q,sh Segment ,.,_, 1,%0 ,,uo • F11t111-es and Options ~ment 100 100 50 On behalf ,of tile Cornp.iny WNilrds .;oll;it(1r.il $OCUl1t)' (lopmit n fa'IOr.lr o! .National Stock EltGl'lilnge Umlted ~ C,.Sll Scgmc:,,t • nitu,es and Opti i. Unp,rcl 11nd 11ndcclllred dMlktld on 10% OJIN.i!Mi.,e l'edree!Jl"able pn:tfMl!loo shares (lndodcs divi-!cnd distri;Jut:ion ~) l◄,313 iii. Unp11id 11nd undc,d11red dvi:!cnd on 01b rcon- Com-t!rtiblt !loo• ~eComptilsonly Roocem:iblt: Prefcrc.m:e S'Mres ,00 iv. Unpaict and uncled~ drvidend Ofl 12% Non• Co1M?t((ll8 Qm,u\~1.'e Redeen\!lble Pre(m:t1oe Sh:1res {trv.!tAes dM!:lend distrtlutir:ln t.tor) • Ottlcs d 11ims A. se,"ioo rax Demand tec.ei11ed from servlO? tall' author«les ~le!Jlng """ p3yment or senict tax (a) Ser-Jee tax iS dem&!lded on e1e111.11c1t10n of eniplO'(t(lS" ullclcr bu:1iien support se,,.,~. (Pe1bd 2007-01! to 2011-12) '1 I 399 381 (b) Ser,,,oc t11x on re-pa-,,11erit Of at'd rees cOl!e«ed uo~ l>Jsmess $•.iii:«t $Cf\/~ (Pfflod 2009-<>9 a!W 2009-10) 1,l ll (c) service 13:X df!fNj'ldie(I on seMCes prG>A (d) 'SeMro uix <1em11ndcc! on scrvic:cs prOYidcd to V/esletn Union fi'lilncicll 'Serv~. lNC ('Ml) Qn t~ 91Qun:! that R.MEL as al'! ai;,eot provided seM~ on beh.11 of WU t11r1t: 1s l-«l le to SICMoe ta. u!IC1e1 Business /wdiary se;-.;ces {l'tflocl OctQlxJ: 201◄ 1.(1 Segi,t.embe1 2015) ... (d) 'Service t.rt 001n1111t:o:1 cm dcl1w Jll!'/l'iltnt •l'tti.'TESt c:d:lected from me Customers 926 .,, (") DQ-n11nd d ~e ti!x 01'1 mutual rund CIS1l'lbution SE'Mce prQYi4«t t;y foreign cnbt~ ~ ill'fl()rt or servlee (Perkld 20C6•0'J and201H3) • • 8.. Other teg:il Mat'!ttS; ~ITllll!d r11ikd fCf various legal nw.ters from ~ fon#nloocn. ,,. 1,0ll Rellanc.e S...curitie,t limited Note5 to th• fln;a;nd.11 stlttmtnt5 !JI rtf!l1i:nce to ~e Mle I\ {b} • o ~ , d'Nlii, lM Ht'lt't't:ie CESTAT, Mumbai had a!IOt~ tfte Ai,~ In taVOJr Of the COIT,:iolfl'( Vlde Its Jlidgemellt dated 10.APril 2018, lfl refere,u to a~ note A (c} • Other d alfl'\, the Hon'lje High Co1Jrt In tl'.e al)l)eal flled b'{ $en1.ice GX depa,-.inent h.)s held th.lt the \tf'Yioes pro,,ide-d bv R:Ma were if'looed export and (flu$ U'le CO~/\'( had i1t1ll)f 1.n ~nee to not(! Ho , A (d) • Othcrd'ilim, '(ho sen h11$C bQcll l$SI.K!d allogin9 that~~ ~ent ltlte1es.t c.Ollectoo iS !l:1ble to sel'\'t 35 C;i,pit.iil c;ommibTlcnts Ant Ant , Partk:ul&r$ ... Much 3 1, 2019 M.;ircb :u, 2018 AnriJ 1, 2017 1cstm}l!ltcu amou:,t uo contrac..:,; rew,an,ng to - execu,,.,. en cap,_ «cm.W'lt fr~ af ti~\ "' JS:, ,o E.1mJn9sperwre{EPS) '" 11) fllc basic e11min9s per .slMlre IWl..s bffn eekulated based cm the !OllOWlnQ: YC11.rendcd P.irti0l1~1' Vea r • l'Mkd M;ir'dl :U. 201P M.:i"h :h, 20 18 KC"t f)rOfit alter 1i!x avar.able fer eq1.'1ly stlarehoklefS ,.,., 710 Wd~teu "',qr;,;o lll,lll'l;MJr ofih.xcs for o:.itrputation of hi-: EPS 2,l!,10 553 tl,;.$IC EPS" 1,09 1,28 Weighted il\'eraoe IIUll'tlet rA stw.es. fut (Qff'l)ut,,t,on of Oikltcld fPS 2,190 S53 Diluted EPS 1.04 1.u 1>) The rccondli4tion between the buk and tlK- diluted ea rt'II!\9$ pee- Sha 1'1: ts as tollOW$: Yc.:ir c!Mlcd YearerMled P.:irtloul:i.q M;:arch 31, 2019 Marth 31, 2018 13&$c eamwu;;s pc1 sha~ l.09 l,28 DIiuted ear · , ··-· !#lare l.<)4 l.28 The Cotl'l)afY( hir\OC .akcn offiQ: ~ !rider oper~r,g ~. wflidl e,;i..e between 2018 to 2028 (~OIA Y031': 201710 2028). 111'! OOf!Vl'ltted lease rent.Wis In thio fvu.itt ~= Ant Particulars ...... Mardi 31, 1019 March 31, 2018 AJwil J., 2017 1101. 1iltet th.In one year 155 111 L11te1 thM one '(ebr an:! t1ot later ll'litn fhoe '(Nr'S l03 152 361• Later (flan ~ uears . . . A5ilt Part kul.ar.s .. .. March 31 lOUI March 31 2018 Ope,ating tease l»'(l'l'lt:nu, wtilch are mrlmurn le;JGC paymcllt$; ,,.,...,.~secl W'I the St1tement of Profl and Less 11n 1 080 C 0 "'l t E •0 ~ l~ l~ C ..ii! i i I 521 I C C I C !t j • •E I i :Ii~ i @ • • • • • ' . ' ' ' . ' ' • • . . . . ' ' . ' ' ' ' .. . . . §§. ' ' • • • N N • •• . . I-- . ' ' . . . C -;:; •~• ~ =C ~ f C i ... j; ~ .. .! ~ i1 ,t ~ ll • J 0 .,,. l ,, i -., 11 i -z• § "' - i i!C Ci f'': ~ I ~ Ji! i l Ii i~ 3 g Ji I_, ill,a,t-- > ! :;, 3 f e c:::§ ~ 5 8 1 ~.g,E ,a, 1 i!j- 11~.11i! • u ~ .a C• - - al~ ~c:--.,,.B 0 C ~ .a ~i ll'e.!i ,~2'.5~ ·-.t 2'~.i ~: "8 1iillo; .. Jl ~.0·5 .-_g s C > C j Ilrrl 11 (11 u • 'ti !si~~a a o-5 .:; > C ,::i!Z, 5 ~ • aj-sf~. .. r~" .ii ~ .• •Jf ·i~jt &~ ~.l!=1[ 6 ~g ...e ! § s i l~o! 0 I t! o !l~l! o;? 'ii 0 ,; "-~ . ' ' ' ' !I !x.; .. • N t f 1;' ~ir~ 1-1--1----~ l------1 ~------1 ... ~ ' ' . ' . ' ' ' ~ fi- .tPHJ> • X" :t -=~ Kt" "~ ' ' ' ' ' ' ' ' . ' ' . ' ' ' . • ReUat1ct S~uritics Umitcd Hotts to the nnanda~ flateinents t in la.kh F~l1 ow Subsidi.:irics/ AssociatoJ of l Het1111i~ra Olfectcr Slltslfl Fee . . . . s Ashist!T~ ' ()pe,n1119 Balat'!ce . . . . ,. . W1mgi11Cn . . . . . 20 Loan Rel)aid . . . . 10 Ooslng~ . . . . 10 , Relmb-Jrsct!Cnt { Xper15% . of . . Rs,Z...... _• • , ....,ev~ ·.... ~-16,(1{.\ • • •= R11I~ Capital'""""' Umltecl Bt0~&-:1e lnoomc:: 123 116 • Rdianc:e Ww,on U(e Al.$t:t M&na91:mont 1.mltecl (fonncrtf Rf:~ C&;jtlll Azct H11NY,1cmcmt l,imit(XJ) ~•:.--~✓~•~r,,,-p.~ 0-5tnbl.ltl0f'l Jnoomt- Receipts . . 203 201 . . ,, ,~, OPC &. OP AMC Ch-ll'9(!5 . . 0 I • 1 " . 'J • ~s. l,660/ • (~W> ye;. t,30S/ ·) 1..~ <,;,, Reli&11Ce Gencr-.d lnwr.inoo Comp;ir(( umked 'j . ·----.....,~ '~.. 8«:ik.eraoe Income . . I I . . ~ OIStributi)n ltlOClrn.-- Rec:ripts . . ., 3'I . fl.81~ Nippon life tnsuraixe comp,my Ull'd:ed Dh.trt!ctio1, f.ees . . J,0.S I 462 ...... ,,;;. ;s, , l!n;,ltinge lllCOIT'e . . 53 17 . . ti-fl· :(., Reio!burscmm-of £xpcns($ • . I . . . ;U> a- · · (~ /{' Ret.anoe I-IOl'nla' Finance Umlted O OistriLV.ion FCC$ 1 85 * 8rol'.e1age tncon'le 4 R.e«ipt:S . . 53 22 . D?C &. DP AMC C"-~-- ...... ,,, ~-- - .. . ' ' ' ' ' ' I~ ' ..C :I C 0 0 N :i•• ~•• .. ii~ ' . ' ' ' ' ' ' ' ~sl; ~ X 11 ~ &- I~ " l! 8 iR::::~~- 0 0• '5 iii ' ' ' ~ ' • ,., - N . -- ' ' ' ,,l;- • o w " -~ O ► .~ ! £1~ }§ 0 ~~~ ~ 0 ~r s ~ M g § - 0~ N $~~ ~ ,_ ,Q N =s ' :;) N . - N ' J 0. ,.0 "• oi: X ~ 0" ! N .r~ . • ' . !~ ' ' ' ' ' ' ' ' > x ~ C !i •~ ~ E 8 ~ .5 ' • . ' ' ' i ~ ' ' ' ' ' ' X ~ •u ;; ~ ·ij• " -~ ~ ll fl!' •• • i 1 , , 2 ,!i f ~ 00 ; f e ] ,., 0- j I . ' 11 i .. o - jJ f ::, % -• :Sii;' j] li "J ,.~ a Fell,ow sub51dl.arlw/ AHO(l,1U,5 or Kiay Mal\age~nt Pet$0t'lnial &. Hotdinp company Nature of TranS"411ction Kolding Go~ny thek Relatlws 31-st M 31$1 3 M•"" 31st Much 31st M~rch March 1019 2018 1019 2018 2019 2018 llelaru ►'IOnev Sdudons PriWtt.e Litl'.Wted Rcrn~t of f'U lll(E:1111113 . . 3S ,,. . . !Ottfesl lnc'..Oll~ . . . . Ref.a!U ~ ~cti111"1 C'.an~1my Li'™~"' Dis1rl'Jutkll\ Fet:!$ . . 17 . . . 8,Gop Kumar OK& OP At"COl11rg1.~ RJ. 7,8li (~11$ VCU Ri,.6,231/·) . . . . 0 0 Sroi,;er~e Rs. 2,176 (pteYklUS ye,ar Rs. 6.~·) . . . . 0 0 M;wi,shk1.rn;1r ()hi1nt,1k;i OPC l\. ~ A►lC Chi1r9ES Rs. 35,299 (p~yea1 Rs. 3,9'19/·) . . . . 0 0 B~eragc Rs. 250 (pu::VOJ5 ye11r Ri;. (,,5251-) . . . 0 0 ~n~n-,. Dlwu;k,, (Ullf) ()f>C &. ~ AMC Ch¥9e$ fls. J,?«.I (pre.-!Oo.6 year Rs. 906l) . . . . 0 0 &Oktfage Rs. 333 (pu~vbll!: ~r Rs. &\&·) . 0 0 ►\e9l)a Ohaf\l.Aa OPC & OP AMC Ch«gc:$ Rs. 250 (~M Vt¥ R,. 300/·) . . . . 0 • Rs. -=.. ntf>lorevl:,us >,tar Rs, U 455'-' . . . 0 0 .,...~~~ '\ ...... ~ •'"'""""<-- . .... l U), 8-□ t , ~.. ,\,· ', ·-..m,,.) • . - "\; 0.~, . ~ ,.;;• " i( ·- =-""..-r ..,,•_ • r-.)6l§~=~ .,- ' ' ' ' ' ' ' ' ~ z. -~ ► 5 Iii I~ ~-1---~------1 ,1 "' I i °' ~ ...... ' ' . ig -~ 2• z• ftelial\Cle .s«uriti~ Umited N~ to tf1t: f"m~I st.ett1!-'ltflltt ~ In lakh J9 lt1Wtne lei• •> Tll$COMpQMl~tf ot I MlOfflO. Ul'lt eiq,oiue tortlhc yeaN ended M3rcl\ 31; 201') 111'.ld March 31,, 20111"11: Particul_,, Yur t'fllleO 'ftllt tndecl Mardi 31, 2019 ~ rcll 11, 2011 Cu~!lttax m J.Cjustment !n mt>Ea er cur bl R:eamcifietiOn Olfttie-tol.ltJ tax Ch.ii~ ~ taii Partlwlan Ye&rtnded V.ar~d•d ~'(" 31, 2019 M;,crch '1, 1018 T1:x &t lltdia's ff T'°' (ffo:t al the r.m,.-r. whlth 11rc nat Wllble nalc\lldt!IU:1 ~~ ..-o,me ffcn.dclli.,:tj~le~ fer t.lx i:t,rrpOSC .. hrr llll~u:m ~ee rux-k collcn scrieme (11) ." r11!' .-,,lie cl n ,~1 P.trtlculus Yee:rendecl Yur-"ded March 31, "2019,,,.. Much 31, 2018 \Jnuwo ~ ~ ef fO' whlCl1 no det'm-ed t4x II~ tl!IS l:tt!l rKOOf'I~ 9,194 llmtb$Cfb!!d d,/;rc,cbtk Re,-e,v. t(!(l)l)'illon 01"1 ad',~nco ~er,1go plan ?,903 l,676 F;'l~Wtl;a,tflono! 111\'CStmcnts ()1) (39) ~~ ~di!. IC$S nea,;in~ 2,l 40 Auditor's Remune,attoos PartlQll1H$ Ma--...... ,.,.,,. .. .. M:irrt, 31 2018 .\SJ\ticltOfS •hldltfEes 13 1l • TfX .Audit Fc,:s . . OUiet Servied • <:a-Ulica!l.00 1 I 3 3 Rcim~~nt."""" ' Of Ex · · . . Total "' 17 41 Foreign curTfflcy tra1\Sadlons C>et.iis ¢ fc;n:is,, currency tr~ns ere as to5(M'S: Asat Paffi<;ulal'$ .... M.irch ll, 2019 Mllrth 31, 2018 fxpendlture lnci.rred In foreign OJrrency• . . . . .ll'IOOme e¥n0d l"I fon:i!1n wrre~" •2 OIScilwJre of loons J olllv;incc-$ Md in..-esl.mt!nU in itS CWll'I Sha.-es ~tt<> Ao;iul.1tion !il<1r tl!e s«..-,iue,s-itnd Ext1!¥1gc Bonrd af fr.di& (tJS!lno Obllga,oon And Dlsdoovrc ~I.M'ffllert.s) Regulations. 201s. Partk:ul olN: Outstal'ldln" balame Asln .... Mard'l31 l018 Hardt 31, 1017 Marth 3 1, 2019 . -·· I) toans clflU oovains In die nature -0r loans to 9.l~idiafES . i} uei,s &nd advaoces In the nature of loar,:; w ay.ociolcJ . . ii) LCMS 11nd ed\·a11c~s 11'1 the nature of ~n.$ to lirim I o:11r~:11111ies in ....tuch lfn:ctorS .are lrt.er·ested . . . iv) tiwc;tmcnls by !Wice ir'I the Shilres of parent com~ i!nd 9.11;s·•:hary r.ofrl!:iny when lhe OOll"1)ilfW has maOi? a IO.ln Qr ;t(lv.:,11ce In the n;,tw~ of !!);In. . . . • I.OIIM ¥id 111'-'.YICt.'S dOE:S net include Sands and deb~ -13 On aa:ou<1t d inMequate average net p.roliu 111 1m~i11te,y i)fttedlng three l)l'e'tlous ye11rt,. the- C 44 5eo.a'ltl8S ~ from ckttts as(.06ate,al ;,,re 1-.Eid b'( !he Com~,y In 119 O'Ml name !n a fiooo;,rv ap&dty. Relban08 Securities, Limited Notes to tho fin..:1nQ.al ~f.unents ' In lak:h 4S F.alr value measurement • I r ...... , ...d, IIDU uu,1:111 ... .,. -· As at Mar<.h 31 2019 As at March 31 2018 Mat A ril, 2017 FVPL Amoot cost PL A.mo cost PL Amort cost f in:mci.111 ;,sscts Cash arid cash OOIJM31enlS . S,221 . 5,357 . 3,280 8ank bafance OU)P.r than casll lllld ¢119'1 ~i.,a€et'll$ • 26,562 . 32,390 . 26,688 Derivative finarioal lnstrumems 1 . . . ~lvables - I U,190 . 17,.198 . 23,272 (T) Ttade r,.»va~~ (TI) Ck.her rc«"ivables 1,191 -181 Loans . 13,955 . 12,845 . . .tnvestments 3,t:n . 3,500 3,.500 Other ti!\111\(ial &$$el$ l,'Q7 - 2,900 . 1,765 Total financial assets 312" 605% 3 5(10 71. 171 'JS00 ssoo, Rnancial liabilrtics OcrivtJtiVI;! fin.:,lldol mstrumc,its 2,.784 12 Payables (f) T,ad:! payallles. (i) \01111Out.sltlr ' ' ' . ' ' N ' ' ' " i ..t ~ ~ N N ' ill-~- ' ' - ' NN .- ,, "j -t ~ s Q E a Ie e ' i J; ,;. ; ;;" • ,c • 0 "'• f ~ ~ ~ i ,"e ! ~ i;n :'.§ •n• .~ ! • ~" t D ~·~~~ .. i% i:! ~ i s.~ i I .i! • ~ ! . i Ii • " . -:<: 11 n • ir j!=~ i ] Ji ~ ; I ..~ 'ii-- z ,= ,:, ~ I E c: ~ a c ei • J ~ ~ ,E~ ~ ';; ~ 2: C • ~ 'O j i:: .. · l ;-= gi lli - r• C ~ • lj . ·-~ ~i ffii !l;~i '.g i! C ~ • ,! ,!i" ~ 1! ~ 8i!? l z!i - ~ " " Reliance SKurities Limited Notes to the flna!M:lal rut-einents t' inlakh {b) -~ at MMCh_~lLl9_~ _ 1~tsanH ,.,a, tt1t!i; m41;a5,ur9g at amort1s-cost ror wtiich fair v.JJuas .ir• dJsclosed le~l1 lcvcl 2 levd 3 Total Finandal ;incts Cilstl and Gl~ EOulvalet'lts . . 5,221 5,221 8,,nk tlilt.,n,;e otht.v ltlan ash and c.a9' eq.i~ abo\-e . ~ .lo2 26,56.1 Rtceivab~ . (1) Trade recelw-ables . 12,190 12,190 - . (U)...... ()tjl(f" t'OO?fV.ibles . 1,)91 t, J!H • Inter COIOOrate deooSits . . 7,StlO 7,500 • S.E81M:in;ln l'(i(le fvnclno 6,•SS 6,-4SS Other nt'lar Total nn.incial MHts . . 54 '° S4' F1nanc:1a, ti.abilities T~ p.ry,1i>lc$ {,) io1a 011t.it,111l(tng duir:s (I m1cro ('ntl:rp,i9e§ ~sm,,11 ~ntclrP11S$$ . . (Ii) tow ootstan<1r9 dues « credto•s ott1e,· tll¥I mxro en(erprtses ancl srM1 erite1C11Ses . 25,529 2>,S29 8orro.. ,ngs (Othet lfian aoot seo.!Nei) - lr.b:r Ctxpar.,tc DcpQSit . . 7,500 7,500 • Tenn~n from batik - soo soo • Bank O'V0'd~ft . . . . • lo.!in 11~ :d111res (I.AS) . . . . Comn~J~r 81)) 803 Other fin:irw:i:tl llnhiitm . . 1,557 l,SS7 ~lllNQS . . 3S889 35889 ,5-,..cuovo,,:,, C: ,',,:'1 ,i 11 ~~. 4,3 0-I< ~~ . i; , a; ~ S~§ ~ =- ii . ,.; ,, ti ' ' ~~~~a :'., ~ "'Ill ::i f"- q, """' ... ~ '- i ~ '~ Ji ~ 1' s ~ sf ·3 -ii I);~ S<.; 5lO,.,..iN = MM' al S~i ,." fa - § ~ '.; ' ' ii;' ~,~N~ '.'.l ";\, ., "'ii ~-~ ~-~ " ~ '~ 0\YJ"!le1\a'D 5 ' ' ' ' ' ' ' ' ' ' ' N ' ' ] ' ' ' . ' ' ' t ' ~ ' . ' ~~ ~ ' ' .~ N ' ' ' ' • + • ' ' ' ' ' ' • • + ' ' ' ' . ' ' ' Jl81i.irK• Stairldes llmi?ff Hob:s to tM fin:ind aJ sGlli.ments 'In ls,lc" e) ,ait vah.lc of fin;ind3! ~s.sets and liatiillties-meaSl.lttd ~t amurtiSed Cost As at March 3 1, 2019 201a ~APnTI;loff Vi l\lt j ffitYP.11,11 f'iiriiiue carryi ng Value I Fah' va.tue Ffrianelal asset.t C;,sl) afld cash EQU!va'(,n!s 5,221 S,221 s,m 5,351 3.280 ),260 &I'll~ Qtflcr O\oll'I ( For li,i.attaal asi;eis and fio;ind,11 llablllles ttlat have.i sltort•tet'm maturlt'((less ttliln r,,.~ trorilhs), tl-.e Cillr,l"I) atnOIJ(lts, wt.Char~ Met -Of lmpailtriet11., att a nxisonable .!f)p,a)(im.-Uion af their f;irv;we, S~h _,.sttuments _,.dude:: CilSh ¥Id balaoces, r,aae ,ece~ables, castiand ca<.h eQlliva!er-,IS, batik Cleoosil! deposits givffl tu ~11gt5. deposrts t.,1:cn from $\lb-broilers and t.-ade paya~es. Sud! lW1101.mls tiavc been dMSir.ed as levt'I 3 on the basis tflill l'IO adjustn'lents hiNe bt*.n 1ni!de to the ballmccs in the ~ $hcct. ~ flNnoal as.sets and l,)()llitid thot ~ 1~, ,t fnir v,d~, the t.¥fY'"9 111Tl(Jllnl5 MC ~11! to the bur ~lmis. ¢.(~&-¾;,~; ~cevc;,,;,_;, Cl)~ ~...- 1 • •' :i." •r,,.,;J •.!/]~r : 1 "Q - .,r '.t:!j ~ If. . ~ ii¾ O • ·,JACt~ * Rctianoe Securities Limited Notes to Uie rlnand ;d &t~wn~.t$ , In lakt. 46 f lnandctt risk management A Th~ COi'l)alf(s act!vll!.;s ~se It to matl(et Ii~ l~li~ risi( ;incl cl'ffll ri$k. tn etdef to minimise any advet~ ettects Oil ttie F.noOOIII l)mllfmllr.ce or Ifie '°'"f)il11v, oerivawe llnanciai1 l11wtlrYlentS are u:std for "°"glr,g p11~. This note ex~atns the sources of rnk whict, the enti"' is .. ed to .!nd ll&.'f the ttltil'II fflil"""eS the r1sk: .... Ex re ariSi ,.... MNSlll~ant ••• ...... C;t$h and a.:;h <'IIU.'A\ltt'M, trl!de iind o,:her reocH«llcs, lm'C'ltrnenl:s, deriv~ttvo; fW'ltir a) 0-edtt rlSkmal\ Crcmt nsk. l$ the mk cl suffering F.nancial loss. 9\0ud -any ct tl\e Colfl)arr($ Q.IWX'lletS, dkmls Of mark.et counwi,atties WI to fu!fll tlior O)ntr;,ttu.,l ol:li;~U:::os to the COOl!)afly, The Co~111'l'f it aisu exposed t Credit risk is the sJ"lgle taigdtliSk fo1 me company's busi:~; IN!lil9Crrcrrt thcn:fore (',utlull)' manages ltS ~\11'8 to cmdlt riSk.. Th~ c.TIX!it risk rn11N19ement Md o::i11t.-()! ate oontta1sea a, a 0?'dlt nsk manaigcmcnt b:OOl 'lhlid'l r'eP(lrts regula(ty to tho Board ot ~oq;, e)(p$Ct$d: creditloss measurtoment Jhe Co,np;,rr(s cxpowrc to creca nn iS irlltt.t!!!\C'ecl rna"4'1~ t,,f tt1e lndMi;ji,1111 ch¥.xtcnstu or e!Kf'I l.'l!Stornet, However, maNQement dl;o«)tlpdets, :he fat:ttn that Credi: 11.uaRv d a o.istomet Is ;isSC$$ The C01~&1\'f nas embJs'l'led an ato'Ml!IOO tor 1mp1mterf. U'3t te$)tesents !ts ~ O"«llt IO$$CS 1n re!,pea 01 oade and other recciY4bles. Tiie t1Wli1Qel'l8'1t uses a SC'lll)flf.l0cl ;JOpre.,ch thlrt 'Trade t«eivattes ootstall(l"9 fr;, more lhan 7 dayS In c.iw of brqking ~s-de'll1 ana wtstan6ng for mor, tNnlSO dll)'s fn c.a~ ot tl'll'd party cllstr\butiQn bu:;J"les-s die~' fo1 the pvrpcwe of 00ll"fl11U11bo c( expected a.edit loss for tr;xk: ~ks &od other recet.•a~es, An in'Q.tlrmcnt 1mal~s iS perfurmcd M each n:parting dale en en l'lalvkl!RI ~Is for ,111 ~"-The Comp.11ny evalu:atff ttle (lQll,ccnt nrtion or risk wtth resocictto tf3dc! ,c-ccivllbles as Jow., Cred( rtsk on ash ;:ind c;idi cq.Jiv&!flts el'd ~ deposits wlttl 0001:s" ..-.o C!'XCNll1gcs are lilri'.ed as the Coflllill'l'f geltct"aly ir,.,est in IX'ooslts ~ th oonks w.lh ligh atclil ratings as.lgne-d by extt.f'NII (;((.ldit r11bng .a9«1Cies, aoco«ll'l!J'( tlw Compony considers mat the ~eel o.,d!t risk,,:; low. LO$ll aUowance Rtoondl~tlon ofSoss lM lowanoe nrovitaon: Trade t L05' OW¥1CC ,:,s on I 01 20J7 s in rots 11110,... ance ~ "'LOSS' Write--off policy Tue Compariy writes: orf n.,,nci~I as~• ., wh:'lle Ot In part, ...tien ~ n,1s e,ih;,u:ircd all praroea! reca..ery e(fons ¥id na,; conduded there ~ n!:> f .. iii N • • ' :)I a ..~ '! 0 ~ -- -s 5 . ' 1 8 . ' ' ' ' ~, S , " ' ,>si ' ~ ] ' •" g N " ' ' . ~ ~!~ " - - • • ' '.~ ·~·-,-, ~ •i •" " ... ' "~ ~ • •I• Rdiltn()II Sec:uriti~, l.imitod Notes to ttie nnancial state:me-1¢1 ~ !n lakh c} Mar ket Rlstt Mlllkl't n:.i; If. lhe ri$k tMt I.ho {fr ~ CK Mu'e casl'I fft'M'S of flll¥lo.al .-.smiments 'MIi ~ due ti> Cash flow aoel f'.llrv•h•e lillterest r-ate risk 'fhe W'!'lpanv'S rr,alr, rmeiest r.lle riSk 411$(:t from 1:wg•leml ~s.... ith VAl'l«Jk'! rb1d, l'lhittl ~xpo-;c the a:mp,,,ny !D Ol!m fl01,~ 1ntr.r$ rnt1:i nsl:. Thr, (Qffl~lffl)' r,dicy 1$ to hwg~ Its t!IM'SI rate t1Sk Ol'I "1lD by ~ pm,lb:1'15 Ill fut11r1t & 09IO'I$ ~ on 5peclfied nlk;x$. The COtni:,ar'IY's &ed rate bortol'lhgs an: c;.itn«l ar l'l1Mrtji,cd oo~. l hc( 11rn tncnifofc nat subjc:ct ~ int.crC$t ,~ ~ ,, dclmNI ., lnr:1 A$ 10i', snoo neither ~ CMfYk'l!i amO\ll'lt nor the rut...-e ~h RO'.'l'll l'lil flud\111tc: b.:,r.i1$t of cl change- In m;irt(et lnWea ~. I) Intttt."St rate risk uposure The ~e or the: COfl'O!lnv's t11.1tmrr1ag to mtr.rcst r.itt CM1!P at lhe moof ttie rtPOrtill'J pi:fixl me llCI follcnu: ParticularJ ...... , ..., Marci\ 31,. 2019 Karch. 31, 2018 Af:wll 1, 2017 var.able rate bart0'N'hg Z,6ll - rOO!d ,are bcn"QWlno '·:;;;• 03 26,497 18,925 TO~I &orrowina /cs at the Md ol U'le A¥10flM,g period, the Ci:.n1siny h;,d the fdlCM1ng fub!rcs <1nd opbon:s. conlt-«is <11.titl!ndi!19: As at Ma 31 l u b atM:ud1 31 2018 As..itA 1 2017 P.1rtiailaf'J Units Units Units .... Long NO of (On~cbl Long Short Na of eontntcts Long ,._ conl r&c:ts ltldex.""'"' oµlitln long 3,375 -. - - - - t.ndel< Opti:ul Shott ( 'toe,CIJrit7;~.~ C '\.,. ·\~o, ~I is- ~J * (-":, .2-~ ~ E f2 9 ; 1; 8~ i~ ~ li ti,.!! o! • ~ • !i i ~ ;;• I • jl 8 ;:; ~! " - ~ ei X ~ ~-~8 !! ~ ':S] i~ .5 t .,,• ~ :i! ~ ! J~ ~ 8 ~ it ~ .. i• 1: ~ .s 1 f"ii ,;•6 ti ·"8 ii ,,l! ! j~ so~-- ~ t § 5• '\ii et • C ! R .. ~j ,s• li i~ _; • J: i~ ~ -..i: .i ~,r;yl't ~ "' S• f ;i I Q 1- -ii i il :,; J :;t • ~ ':i~ !~t~ ,~v ~ u~/,,~ ~. t ...... • t sl ~ . ir.~~ -"~, ~ ~ . 8 .!1 li ·:1 - l! ·; [ .l il.-:1 :} Ji V i& § .. s i l 8 ~ l 'l!i 9 . • 2 D 0 .. E i :! ~ ~,i • E ~ ~ I I ie; :i ~ .. ;;;~ ~ j I £. :, ·5 ~ f f if ~ l; I i.,, g { •0 ..0 1! .l:l ~ :! -' • " 8 ~ 'li·~ 8 l -~ " • !I • it ! i I 'II I ~ f 1{ •?S ~ . ~ • &R -' V c .9 . t s ,g j !~• 0 C Jf i:rla " g- • [ ~ ~ C • .i1 ?l o l f >·5. I • ! ••.,, b- t3 B 8 ~ i:e .. ! - a ~ -I!. i~J i I -~ j :g- . • ~~- " • I .ii E ~~ i "• ..,, 5 t.. 2i~ ~" J:i' 2 ~ l • 0 - ~i & ·:: C: .. i= -~~£ e I~ 2 ~$ la l; ... ~ • ii~ ·! • ~ r~: ~ !£ C ~ ea.& i: f [ I ~ i ~ 8 S ; ~uf J! I< ·a (i . : l F-. I.~ a If. ~ ~ C ~ j ii J: .:i I ~ £ "~ • •$ i• • ! ~,1--1------~ ~11-4------1-1-1 ; .. ' "' • :ii. ' ' ' +" s Reli ance ScQ.lritici Llmi.ted Notes to the tlnanclat statements t in lakh -48 Segment reporting The Compbny h;,.s ,cpcrteo :;egmenl mse infQrfl'li,titm as pe, JND AS 108 'Operatfng segment", not!i'led '-'lder the Compan:es (l!Xli8'1 Aoooooling Stanelill'ds) Rt.lies., 2015. n,e operatlOns d the c~a,w are conducted within lrnla, there is no seP (1) 8rdmg Acti'libes; 8r'o1 {i) Proj.l1ietary oacHrig : Proprle(ary Tr.Y.?lng act!Ylbes lnok:des the trading In sect.r1ties b-( the C-omc,any Wl its own nn111e. (■) Ce1taln assets and labllities, which relate to U-ie 00111p.iny OIS e ·whole 6ncJ ~ noc: Allocable to segments on a reasonable basis. h;r.,e been indudcd under "~&IIOCllted" P~rticul.irs Yea,ty 't'c:;,rly AsatMa~h 31 2019 As at Mardi 31, 2018 Segment Revenue a. Brol<.inQ iXX!'Atv 2.4,73S 23,1-46 b. Proprletarv tradinq 3,872. 2,331 C. Unal!CCittecl !53 85 Total 28,760 25,562 $6011\ent RMUtls ~. &'~IOQ i!dMty (<64) (393) b, Pro1.1rictar1 trtldl)(I 2,590 1,187 c. UOOlocated 35 (11) Total 2,161 780 seamen1 Assets e. B:oklnQ actlvlry 65,308 76,9S1 b, ~ Orieta,v tradfl'ICI !,37i' 710 C, !Jnaloc.ited 1,71]. 1,062 ...., 68,391 781723 SeQment uai,mues 6'},5}7 ,>, 9rokinq IKtivity 52,:?◄J b. Prcorietarv tradbu t9SO 223 (. Unafoc.ated . Total 551192 67,800 a) segmem assets lndudes flnanoal and n0t1 finanool ~ oll(f (lrt meaSIS'ed In the same wwt as In tho fin.,ndal :;t.atements. These assetS are allocated 005'<1 1'r! tne <1per11tions ¢f the segmerit. IA'la'io.-..ated assets indude def~ tex asset Wttent tax assets atid unsplit PQrtion or pr¢perty p\.'lnt and eQJ!pmem, intangible assets a!1d ,i•JOStmcnt prnpe,ty as ?e' acaira,:y le\-el of spitting ~ by ttie management.. b) Scgnc:M l~bj\tjC$ iridudeS tinanc!al ark'! oon tlnaodal la-'Jlf!ti:es are mCM"Jf'OO in the $Bme way as In the lvlaiidal SUltcmcnlS, ~ ,~~itles a/'e aiocated based on tfu? operations of tfle sc,g11101t P.1!1:llance Securities Umibed Hot.$$ W, IM f'iNncial .wiu1mcnts t ll'l lokn 4* Employee &enelit:s Tl-ol c~,., ha,s domtitd" N w~, 1ipru p,11.. o ·»:uum1>-"l'r1t1Cs r. irc:ct: The Omc,ny ltrtS II defmctl (l)f(:!'it'l,.tic,-, Dilfl !fl nm:ie« d P'(r•Wt r,1111. ('.cnulbW'.111$ - rra:lc IO pre,1.cltr,t fin:J !n !mu '°' emp~ $I N •·It Ill ! ~ Of llilllk ,;aq, 41& pe1 ,l"Qt.114~ ~ (l)t~~ m;,» 10 ,._!) h rticvh1t ASM Mat ~h-ll, 1Rl!I ~ h. St ,,018 &qi~ certrb.lllof\ to l'fl",,,fdent Fu!ICI (lrdu-:leU n '(),:,rt,til/Wfl w ~ft...., or!* r~ ""lb'~ lkJ'etts l):B.."f!M.'~· Aeftt netie no, n .,. '" a. oenned e e11cnt P1111"1S: Ttll' tmplo-1.-.:,· 9'~ l\ll'ld 'Klleme (t">'IMQ~ by IJ lrun (k,d~t~ Stwn~ l ffll!:ed ~lilY'fl"C.~ Gr.it11ty M'll,,T~nc:e S::heme) Is 8 '11-!(lf'IW btlttCI fl;n. Th! jltllmlt Wue ol ~',lld)fl lie c!etu1r111td bioeO <.n octi.u,·-..1 Y8hMtll)'> IJSW) IN~~ \ml 041i: ~ ~ICtl t'001:!;!0 ~, '8th ~ Ol $@;1Y.(lil - gl""'9 Ilse 10 ~:li>:r>dl vnt ef nttPl;)tt bt'lltf'\I ~tiff"~ "Tld 11'\NJ1rE"!, $,XI! UM ~ac,o~ ~ b~ llp ft tJuf dllg~on fnc o:,-91tJcn lor ~ ,-t =rmc.-y: IS 'C'JOOQl't6e!I In tf'C ""1111' ...;,!Y(>, ~ V'~lV at Ahl xnt Ant Merc:h Jl,, 2019 Mi«h Sl , 2018 J. C:h""SI' 111 P!!"lll Ylli.... • t obllgiltlolt! Harcn :u, 20lt ~ lll!, 2018,., Prtien\ Y:&lut Of OllliQ:&tiOII$ ~t the beQlnnlnc or ~ Vt'3t 341 ~ .. !ntcll:st Cost ,. eu,.,_11;. $tro1U Om " ' 9~tP4Jd (54)" (U>" "(~ Ar.111:111~1(!l~ n)l'l:a on M,,!ffi 11, 20111 u . ~ g•"-" IN r.wuorl'lanMaOts1 b4Mdl 31, 2019 Mwch :U1 2011l "'-rfflS I, lOl!t f air V.Ue or Pllln Amu- ti,. NgiMlng of ~ v,::it 250 e~A>ew"'Ofl fi(,)11~($ "' .,.,,..,_ '' 113" 1!4:'~lt~ ,,.," {Sl) Al:twNlq,11\'ffl:ln >ai 1'~11/tsM:ts • un ~ f w t,fi!rtl.'d lfl/(u~) ,. f,ilr 'llillu" llt Pl111'AUll:U at theeftd of th":! year ,,, lSO tu. Reoondlli!Giot preJ.Mt v-.i, of ~ ,!lgatton ond ,_~ ot ti8WI : A.I at M11rch Jl, 1cltt Mllt(fl l t, 201.t : Matdl Jlt 20 19 Milt(!l l ~ Ud:di:-,- 4t tl'I' ,,._, (It IN )iii< .... ,. ~ W ille ol li\'Jn U~.J Iii: the elld d W Y~• "' ,. fA$iQt) / Llllblllty P.ecognls«I In the l111l11nt"I! Sheet ll"'l "'" A.s 11t M11tthll DH M11rct1 3!,. 201.t : Man:h h' : MaUf l 3l,. 201,S OJ"'111t StMco AmoulK reoolded 11'1 other a,mprehen,mi! "' •t .... Jomm<: tOW r:,atd', )l, lOlt Mardi 31, 2011 ~$UttlfflCIIU (lvrfn;J l-nlf ytll1 dillt to ~Mt$ In rt1WIII lmi.tllllllefl5 £,jl4!,lonct Act1mme:m °" 111.1n U:bf.tv ., IG.-0\\/l.cli!a " MW'NI-GJb Ill-cat>dlJr t2 Pl"" !W<:!I • OU. " lt•ll11,~ kw•ititt l,i""ltid Notes to the: l'ifoendal stlltcl!MIJIIS tin !ekl'o A\ilt Asat A'S .t ... , HWlJ..29U lfmh J:1, 2910 ffil".th iU, 2P lt Mllol(ltS1, 2018 [li'sco(,( ftilCf:. (~ ,nlU'l'I) ltllf.te'~on Pl,)11/tNIS ~•V ""'~/alll I'« SCNkie 4 'f',ll'S r-or ~JOe 'I )Wl'S in!~ 31..0l»i.O"IS ~ .llOO~ Fot"0~SI04'f'l'S 11• 6: ru, ttr,,Oe S 11.i & ~ w,MC1 s lLOO * P,,ll, ,\ l~ >iilr1 ilAd ii~ ,,e;w,1: 11nd ~ ~!ff!\et 3.00"'-0-'. J.o:J'lf, 114, 1/111~0 A.Sutoi;I LIit$ ~n A,uult!d u,e:i: llJ$,O !\S...~Ttld lr-'t$ >cortill','(200611&> 1'•.mt,1lt','{2():.i-OO) ~ VlL • P,11rtscub1n ot «IIOIMlb: fur die Yellt ~lliilY 1or 1)11 vur c!l6cd M11rct1 31, ,.,, ...., ,.. u ":<1"-==~------"'.,_l 0 lt __ _..,.. 1018 ___ ,.,,2017 c._ _ _ _,20H ,... 'N"-=•w=,~r~·llieUGllflnod ,., ""'"'' .... "' "' '" f<1r yt\Jtd (1111, ~~ tht~(lt IN\11;w t')l ;,%,f l:'Jlu,s d Obi 11(11.,,0!'! Thi mW"IQ!k .-cl lV:,C$ of ~p!~S used I.Ill P-~"1'4 IN! ~ -J,y ~~ Cid ro; ~r-;,e (~l'!O to th!: piv.,, )1!11'• ,.. , ..., M~ ~- ~~ Knl• 31, 1013 lip,t 01, 1017 \ol:ttll 31, l0!9 H.-,d, )), 20111 "f)11101. ili!7 ,.,, .ll6 IN- ..., 100.00f\ole 36 250 7 (f ) Ri5": exposure TNl"l'~h 1:s w.l\ned bcflck~,- th! !,ITU(pt) .,~ !J) • lll#l'(ltf 011\.u.._, tht mMt SGlll'lt"i'nd'lfftth IJ'l!de~~I btl()w, """'-'lo6dili,\' I~ cibn l~)Ott' ~111,J,1,e,:t Wfl9 • o~m rate S(,t 'Itch tdenmoe to ix,,,,: y~,: 1f ITT1" ~~ u,1cif;,i,o,to,m ll!K ~ 1h"s Mt m~, tldlal, n~ s,~wtv fl.lld l5 ~•ll~tr'f(I UWOl•\lll Stdbin N~ ~ ~CIC Ud. (nwll!•) ~ ib g,()14> .;r,n.q ~-Ao:ordrw;tf ~ the ~,ti,(' """ ass« .,.,..,lffiMIS IS ~ tit 1h11' Nl11er. TI?-. all! su',ject to 111:m'lt :IU rck "t,ffi, it «,;IA~~ by tilt iMI.Xff. Ol.:mgn lnbo11d~ 11. d1:1n1,,c !n bond rdds w,1 IIXl@it,$ p"hn l::1111~, illllhff.Qh ltlll: 'Ml be p11!1)Nt, ~ t¥f ... inc;,~ h IN Wb:: d :be ~$' ,mt'ts ~mh:11 b'f I.lit itlCUf._., lhf ~'X\,i!y turd if. i10.'!'trf4C~ tllrc<11T1 mu~ unlkr tj 0,111-1) GW.i;t-, S(lltW». ~ ~ of th$ ~n~ 1¥ \l~l '"Natdt"'"""31, 201!1 ' '"" ,. 1,, .., (:$t,Wld ~ni ~kPtioo rcrwrv► ~l):U, 2018 " " Co:!mtd «""!(11. iitf~IJI• fcr!I...-M ., AorilL2017 " " "' OcialM be.J'f:ll: o.1:' • " ReU1:mce securities Limited Not.ff t o t he finllndltl ftbtemc:nts tin tekfl eltcept number or shares & vatire per shares SO Phantom stock options A. (i) The 001111:my hM 91anttd 22,◄ l, 232 (SC!eme 2015) Philmom OptlOn to !tselll)loy,ees In tM tmanoal ~ 2()15-16, E:-i...-..... stodt ...... ,on jWIC!ma 2 Partie1.llars D.lte or <1t ant 1S"thOctoblY 2015 &..154 ~iai Per Phantom stock Ootion t Rs.18.57 llC" ~'ia1t$ -here, i>ote1 Apprci:lilion per Phanwm fflldl Option l:llcess ot 'fat fTlil1'tt « ~art9f't tht ~itll 9f ~)(~,o~· ~~ea ii, um1 of lhe PhNltOfft Steele OptlOfl Scheme Formuh, tor the v.akJ-.ltion of the Co. Ptofn l!c!o,e T.,;c: IPST) X Filttd Mulilllle( 1151 bcttise ~riod a. t11 case ol oon~uatlon of ern!1aymcot : V~r,tcd pt,a,-om Sl«k Optiont ¢kl be exetdsed any t111ie ..., to 3 year from the d:itc of !Mt \-estiri9 d PflllrtOl'I\ $\06. O:)(tlf!S; ilnd b. ;" case or cessatiOn ot @f'JWloyment :l)ffcn-,nt pcnocts dcpen6hg on J:Snd of ~on as per provlSlon of tl>e PhllJttom Stcdt Option :1lhe1ne. Scttkme,nt of Pfiantom Stodt Qn,t IOl'IS W(hti90 rrnm the d."ffC cf ~ ""'"· iii Detail of vesmv. sdlecklltt ar.d cOfldlt!ons .-s;rccntage Date of v-u.tinn l Grant 22.41 .232 • SCheme 201S1 of vatina v~...::,,,. oonditiOn 1st AmivcrialY rrom lhe date cA ,,,aoc ,.., Cont!l'IJed ef(l91()'fment ~Oil 2st A.'lnivers.llY f'rom the date of " rant ,.., rd~ t1¥e of vesting, lstAnnlv from the date of arant '1st AnrivttSlllY from the dlltc d Em"'....,_ stixk o!)tioll detaitl as Optio1 011tsta1\CIJ'l9 at the beg.,.nlng Of the Ye¥ 50,73,499 . Gr'anted doring the year . Sl,99:t96 Elfen:lsed 0',,111119 the y,:»r 4,38,893 ...... d "' ...... the ,__..,. 2.70,895 1,25 997 Orition outstandin11 at ti.e end o4 the vear 4363 711 507 99 Vested ruMa the 12 00 6Sl - PartiaiS;ns DaWof ro1nt tot'I Jul 2017 Base Price Per Pflantom stodl O tlon t Rs.-2],81 , sh~-cs rt!cr oote Appredatlon per Phantom stock Opt,o,n &cr:is i!( 'f4ir tnarket Of share Oil the 00'~ of~ determined i" term of lite Ph111tQff'I !l.i,:r. Pru' Formuto foe ttic nJuaticn of the Co. P«lllt BelOte Tait PST :x FO!lld f'lllltl er I Exerdse Period a.. Jn e,os,c (:( ccrt!rJJlltion of elfllbyft'!e.'lt: Vested Ph¥!tom Stodt Opt1o11i: '""' bQ eKcrOM!d ar.y time up to 3 yea( trom I.he elate of last Yesilfl9 "f'h¥1tQm- mt Optior.s; 1!1'111 b. ln ease ot cessatlOP ,ot emeilO'tl'l'l9nt :Oiff,;:rcnt pcm:l!I Mle1idf'lg '°" ki'ld d cessatil)n as oer cr(MS!on of the Ph O;it:ii:m scllcme~·•,..,--,._ SettJcment of Phantom Stock O tiOfts Relianoc $«1.lritles Limited Notes to t he financ:ial ~tt.:ments tin latll ex<::cpt n11mt;er or sh,ucs & v,if1,1,c per share!: Pera!n ...g e Oi'ltc of vesti- ... 'Grant 51 99 ◄ 96 • Sdleme 2017\ afvest:in"' Yesti--condition 1.51: Amh'f! frum the date Ol .,, 25% Contin.ood eircloyme-:it .:,s Qn 2.'J:Mn~ fr0(1l the elate Of 1e~ect1.'/e date of 'W?stlng, Jst Mnlve from ~ ~e ct " ran"'t 25%""' 4st:AnnlW:> from th; di'lt.c of nnmt 25% The grant ot plwrltom Ol)tion ~ wi (he MIU.re ol for19 tffll1be!'leffls p;ry!'l"ll.'W'lts and a«oro1ngy, the ~rniil "11lu&ticm bis been C. (i) Ct.ring lhd year compafly ~ 91;1r rm..i....,,,,,, stock ·-aon datAThs Mon the balance sl\ee'r date are as folio.., Descrtption • 18•Mar 19 ~ outstaMl!lq .1t the t,egfmlng of th! VNI . Grnr Pa-rticu:lill'I D~M oforimt aast Price ~ r Phantom ~ock Ontion ""tRs.3J.43 ''"' $hare, A recliltioR D$1' Pha-ntom s~ ion O:c,es.,,; of'folt m:11tet ct snafe en ltle date of exero5e' ~mined' In Formul-11 for the vaJLJtition of the CO, l'l'ofl'i Bc:ofot'C' Tax fPSTl X l'iXed l' settlement of Phantom Stock OptiOtls Vlltni11 90 days rrom O'le date of <:Kc:rd11e by caSh. Percentage Date of vesu-· Gta-nt 30.28,43) Scheme 2018' of vesti- - Yes·• -- condition Q:tminuc-J cm,,IOyn~t as on ftg)CCIIYC date ot vestJng. l st AMl\'fl__ , from th! ~ 0( "''ant "" 2st Mi1ive,r~. rrom the dmc of gr{lnt 11% 3st An.,iv-e-·-· frOr'll the~ ot nrant 25% 4:stAn!IIW!-- fromtt'iQ~cf ....~ 1l "" Toe 91'¥1t ol ph;ifffl)m option are i'l the ~ of 101'111 wm bf!ll(U~ payltt«IIS and ac 51 fi, 9111- fl Tr:ill$1tlon 10 t n,:t AS Tl\c ~f:O"klC$ $et Olll In~"~ 2 ~"' been 11-WIM"' P•eNrina lhtM~~I m~emeru 11:w 1r l . JM .u o otio,.., ex«nociOflJ il) Dat!Md eoo:t Incl IS. lOl ~m,ts ~ t111NmJe NXtl~r to ~lecl to o:nt,ni,e w(II Ult Qff'/1119 ~lli fflt d al tof PNpmt, ~ 4n:I t'IIIJ~llltf\l {~t'l9 t~!~ WO~ llt'PIO{IICU) es rtteqlOCII Ill 11".I! !lnaoti~I ~~ ~ ~ Vlt ~ll of trl!JW~ to Ind i'S, fl"--f'!tl a, pf!( Vo! fl'i:"'M ~ .:iml u~ 111~ m ts deemed om 11, «. ti~ cl~ \If !JaMfOll •~' m~~ NOtm1y ;dJ,lstmMU f« dr:~nnusiont>(l lil>i'tl;?S irf'4 Q!i~I gr.am, i: 1q1kl'de. This ~nct'Otl~ lf,:i !It~· ~WngiV4 ~n;;ind!nmr ~'fll:llt p~ «rlttffl by JrvJ1'SJ8 ~ i,-,,1,$40, ~,:,-y. l,(Q)t~, 111e CQ!npa,,y h!Js ~~ w ~ilU't • • or 114 pr~, p.M, :ind e:p~. rl.:llnotrli: aw:r.s ¥'4 ott;twNm pn,p~let 01 i:n:t' cnewm, (;NII> <:b'IV""J _.,~. b) h 11»e ~ C «i !lld AS 1;, ; ci:,.,n:S a,, ,,u_-, !J) ·~ ~ c,tl"°.) (O'lltact Of .-.~!!QCmtr.t «1114~. 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Tlle COOl~f!Y 11M derull to Wt' IN dt--•tcl09'lt:M $11"C',1.lllot's of tt'd AS I')'; pm,~!-f ''°'" 111• d.1!0 d lr.1m'.tl01'1 t:iJnd AS t;) (:1119,iitl~SO<'I anCJ mt/lSUl'1lfMt'lt of tlMttd:tl usieu ltellaonce Seo.irttfcs Umlte11 Not1!'J to ti.fi~ ~Uol'eftltn(f, IN! AS tOl "'(lltru ,m ~Ill)' IQe tet'll," ==~------ASSETS -----...J...,.,,.__-____,~"-;:..;. "~"------"~'-'~•~".;;.;'~·- N'lallCIIII A$tt.MS (11) Cfd',;1'KJ ce6fi,8(),i,,if,.VU "51 5,lS7 (t;,) l!.Tfl lldMO: ether t h.en (,a.) lt(i1,: ,,,,., {C) o«t.-;a!M INl"Ollt lnlllUments "·"' (d) !½«l~IM (0 Tmle rco,,,lt'°ts ?!l,511S 11,1,;e (~) 00-,Ct fWl'l,ffllcs (e) lo.Y$ "' 1U45'" l,:;,:,o (f) imntrr.e-o • 3.Sl9 (9) OltlN"f'IMllCl!l.c«-b '"".,., NM •tl"'1lt'ld;llAuca ,. '·"" (11) l(,.,ftl(O,iE$ S(O ,,. (b) Q.i,°"'t U.O\bil!S{~eQ '" '",,., (Cl oef'C!ffil llJJ(U~ (µtt) • "' (11) ~ $ll'OPCI\V ,. 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