Significant accounting policies and notes to the accounts for the year ended 31 st March, 2015

1 Background

NDA Securities Limited is Formed on 21.09.1992 vide Registraton No. L74899DL1992PLC050366.The Company has trading membership in National Stock Exchange, Bombay Stock Exchange, and it is also a Depository Participant of National Securities Depositaries Ltd. The Script of the company are listed on Bombay Stock Exchange

2 Significant accounting policies

2.1 Basis of brparation of financial statements

The financial statements have been brpared and brsented under the historical cost convention on the accrual basis of accounting except for certain financial instruments which are measured at fair values and comply with the Accounting Standards brscribed by Companies (Accounting Standards) Rules, 2006, as amended, other pronouncements of the Institute of Chartered Accountants of India (ICAI) and the relevant provisions of the Companies Act, 2013 to the extent applicable. Revenue/ Incomes and Expenditures are generally accounted on accrual as they are earned or incurred.

2.2 Use of estimates

The brparation of financial statements in conformity with the generally accepted accounting principles ('GAAP') in India requires management to make estimates and assumptions that affect the reported amounts of income and expenses of the period, assets and liabilities and disclosures relating to contingent liabilities as of the date of the ffinancial statements. Actual results could differ from those estimates. Any revision to accounting estimates is recognised prospectively in future periods.

2.3 Fixed Assets And Debrciation

2.3.1 Fixed assets are stated at cost, less accumulated debrciation. Cost comprises the purchase price and any attributable cost of bringing the asset to its working condition for its intended use. Financing costs relating to acquisition of fixed assets are also included to the extent they relate to the period till such assets are ready to be put to use. Debrciation on Fixed Assets is provided to the extent of debrciable amount on the Straight Line value (SLM) Debrciation is provided based on revised useful life of the assets as brscribed in Schedule II to the Companies Act 2013.

2.3.3 The cost of leasehold land is amortised over the period of the lease. Leasehold improvements and assets acquired on finance lease are amortised over the lease term or useful life, whichever is lower.

2.3.4 "Impairment of Assets: The carrying amounts of Assets are reviewed at each balance Sheet Date if there is any indication of impairment based on internal/ external factors. An asset is impaired when the carrying amount of the asset exceeds the recovarable amount. An impairment loss is charged to the statement of Profit and loss in the year in which an asset is identified as impaired."

2.4 Investments

2.4.1 Long-term investments are carried at cost less any other-than-temporary diminution in value, determined on the specific identification basis.

2.4.2 Current investments are carried at the lower of cost and fair value. The comparison of cost and fair value is carried out separately in respect of each investment.

2.4.3 Profit or loss on sale of investments is determined as the difference between the sale price and carrying value of investment.

2.5 Inventories

2.5.1 Inventories if any are/will stated at cost.

2.6 Cash and cash equivalents

Cash and cash equivalents in the cash flow statement comprises cash in hand and balance in bank in current accounts, Bank overdraft , fixed deposits.

2.7 Tax Expenses

Income tax expense comprises current tax as per Income Tax Act, 1961, fringe benefit tax and deferred tax charge or credit (refecting the tax effects of timing differences between accounting income and taxable income for the period). The deferred tax charge or credit and the corresponding deferred tax liabilities or assets are recognized using the tax rates that have been enacted or substantively enacted by the balance sheet date.

Deferred tax assets are recognized only to the extent there is reasonable certainty that the asset can be realized in future; however, where there is unabsorbed debrciation or carried forward loss under taxation laws, deferred tax assets are recognized only if there is a virtual certainty of realization of such assets. Deferred tax assets are reviewed as at each balance sheet date and written down or written up to refect the amount that is reasonably / virtually certain, as the case may be, to be realized.

2.7 Employee Benenits :Pursuant to the requirements of AS 15 (revised 2005) on "Employee Benefits", issued by the Institute of Chartered Accountants of India (the standard), which has become effective from April 1, 2007, the Company provided for employee benefits as per the revised requirements of the standard for the current Year . In respect of the employee benefits up to Mar 31, 2015, leave encashment and bonus has been paid to employees and long term provision has been made for gratuity Payable as per acturian Certificate

1. "The accounts of certain Sundry Debtors and Creditors, Advances for supplies and are subject to confirmation / reconciliation and adjustment, if any. The Management does not expect any material difference affecting the current year's financial statements .In the opinion of the management, the current assets, loans and advances are expected to realize at least the amount at which they are stated, if realized in the ordinary course of business "

2 The Company has brpared these financial statements as per the format brscribed by Revised Schedule III to the Companies Act, 2013 ('the schedule') issued by Ministry of Corporate Affairs. Previous year figures have been recast/restated, regrouped, rearranged, reclassified to conform to the classification of the current year.

3. "The Current Period refers to the period April 01, 2014 to March 31, 2015. (Previous year refers to April 01, 2013 to March 31, 2014)."

As per our report of even date attached

FOR GUPTA RUSTAGI & AGGARWAL CHARTERED ACCOUNTANTS

(Sanjay Agarwal) Managing Director DIN: 00010639

for and on behalf of the Board For NDA Securities Ltd.

(Deepti Agarwal) Whole Time Director DIN:00049250

[S.C. GUPTA] Partner M. No. 086839 FRN 008084N

(Megha Khatri) Chief Ffinancial Officer

(Vanshika Rastogi) (Company Secretary)

Place : Signed at New Delhi on

date : 28th May., 2015