(A) CORPORATE INFORMATION

Rajasthan Securities Ltd. (Formerly known as Rajasthan Gases Limited) (''the Company'') is a
public limited company domiciled in India and incorporated on August 27, 1993, under the
provisions of the Companies Act, 1956. The Company has its registered office located at Shop
No. 107, Plot No. 268, Honey Arjun Kaushlya Tower, C.A. Road, Lakadganj, Nagpur -
440008and its equity shares are listed on the BSE Limited (BSE).

Consequent to the resolutions passed by the members at the 32nd Annual General Meeting
held on September 26, 2025, and subsequent statutory approvals from the Central
Registration Centre, Ministry of Corporate Affairs, the corporate name of the entity has been
formally altered from “Rajasthan Gases Limited" to “Rajasthan Securities Limited." This
strategic realignment reflects the operational shift of the company away from its historical
industrial identity.

To ensure administrative and regulatory alignment with its actual deployment of capital, the
Company has amended its Memorandum of Association (MoA) to completely modify its core
business objects clause. Having remained operationally inoperative within its erstwhile
natural gas business sector for several years, the Company has transitioned its deployment of
available corporate funds into various capital market instruments.

(B) BASIS OF PREPARATION OF FINANCIAL STATEMENTS

These financial statements have been prepared in compliance with the Indian Accounting
Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013 (''the Act''),
read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015, and
subsequent relevant amendment rules. The statements are compiled under the historical cost
convention on an accrual basis, except for certain financial instruments measured at fair
value, the provisions of the Act (to the extent notified), and the regulatory guidelines issued by
the Securities and Exchange Board of India (SEBI).

In accordance with Schedule III of the Companies Act, 2013, all figures presented in the
financial statements have been rounded off to the nearest ''Lacs'', except for Earnings Per
Share (EPS) figures.

(C) CRITICAL ACCOUNTING POLICIES(1) Current versus Non-Current classification

The Company classifies all assets and liabilities into current or non-current categories
based on its normal operating cycle and other structural criteria specified under
Schedule III of the Companies Act, 2013.

(2) Property, Plant and Equipments and Intangible Assets

• Property, Plant and Equipment: Property, plant and equipment are stated at
cost less accumulated depreciation and accumulated impairment losses, if any.
Cost comprises the purchase price and any attributable cost of bringing the asset
to its working condition for its intended use.

• Revaluation: The Company has not revalued its Property, Plant and Equipment
(including Right-of-Use assets) or intangible assets during the year. Hence,
revaluation provisions are not applicable.

• Benami Property: In the opinion of the management, the Company does not
hold any Benami property as defined under the "Benami Transactions
(Prohibition) Act, 1988" and Rules made thereunder. No proceedings have been
initiated or are pending against the company for holding any Benami property
under the said Act.

• Title Deeds: The Company does not hold any freehold land or immovable
properties whose title deeds are not held in the name of the company. Properties
operated under lease frameworks are secured via duly executed lease
agreements in favour of the company.

• Capital Work-in-Progress: The Company does not have any active intangible
assets under development or capital work-in-progress (CWIP).

(3) Recognition of Income and Expenditure

Revenues, income, costs, and expenses are generally recognized and recorded on an
accrual basis as they are earned or incurred.

(4) Employee Benefits (Short-Term)

Liabilities for short-term employee benefits—including wages, salaries, and non¬
monetary benefits expected to be settled wholly within 12 months after the reporting
period—are recognized based on employee services rendered up to the reporting date.
These are measured at the undiscounted amounts expected to be paid during
settlement and are classified under current employee benefit obligations in the Balance
Sheet.

(5) Taxation

• Current Tax: Provision for current tax is computed in accordance with the
provisions of the Income Tax Act, 1961, taking into account applicable
allowances, deductions, and exemptions.

• Deferred Tax: Deferred tax is recognized to reflect the tax effects of timing
differences between taxable income and accounting income that originate in one
financial period and are capable of reversing across one or more subsequent
periods.

(A) CORPORATE INFORMATION

Rajasthan Gases Limited (''the Company'') is a public limited Company domiciled in India and
incorporated on August 27,1993 under the provisions of the Companies Act, 1956 having its
registered office at Amarvilla, Shyam Talkies, Road, Agrashan Chowk, Gandhibagh Nagpur-
440 018. The Company is listed on BSE Ltd.

(B) BASIS OF PREPARATION OF FINANCIAL STATEMENTS

These financial statements are prepared in accordance with Indian Accounting Standard (Ind
AS), under the historical cost convention on accrual basis except for certain financial
instruments which are measured at fair values, the provisions of the Companies Act, 2013
("the Act") (to the extent notified) and guidelines issued by the Securities and Exchange Board
of India (SEBI). The Ind AS are prescribed under Section 133 of the Act read with Rule 3 of the
Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules issued
thereafter. As prescribe in Schedule III of Companies Act, 2013, the company has rounded off
the figures appearing in the financial statement to the nearest “Lacs" except EPS.

(C) CRITICAL ACCOUNTING POLICIES

(1) Current versus Non-Current classification

All assets and liabilities have been classified as current or non-current as per the
Company''s normal operating cycle and other criteria set out in the Schedule to the
Companies Act, 2013.

(2) Property, Plant and Equipments and Intangible Assets

(a) Company does not have any property, plant and equipments, intangible assets
and investment Property; Hence revaluation provisions not applicable.

(b) In the opinion of the management, Company does not hold any Benami property
as defined under the “Benami Transactions (Prohibition) Act, 1988 and Rules
made there under, No proceedings have been initiated or are pending against the
company for holding any Benami property under the “Benami Transactions
(Prohibition) Act, 1988 and Rules made there under.

(c) Company does not have any assets (other than property where company is
lessee and the lease agreements are duly executed in favour of lessee) whose
title deeds are not held in the name of company.

(d) Company does not have any intangible assets under development.

(e) Company does not have any capital work-in-progress.

(3) Recognition of Income and Expenditure

Revenues/Incomes and Costs/Expenditure are generally accounted on accrual, as
they are earned or incurred.

(4) Employee Benefits:

Short term Employee benefits

Liabilities for wages and salaries, including non monetary benefits that are expected to
be settled wholly within twelve months after the end of the period in which the
employees render the related services are recognized in respect of employee service
up to the end of the reporting period and are measured at the amount expected to be
paid when the liabilities are settled. The liabilities are presented as current employee
benefit obligations in the balance sheet.

(5) Taxation:

Provision for Current tax is made according to the provisions of the Income tax Act,
1961.

Deferred tax is recognized as the tax effect of timing differences being the differences
between taxable incomes and accounting income that originated in one period and is
capable of reversal in one or more subsequent period.

(A) CORPORATE INFORMATION

Rajasthan Gases Limited (‘the Company’) is a public limited Company domiciled in India and
incorporated on August 27,1993 under the provisions of the Companies Act, 1956 having its
registered office at 103, Roha Orion, 16th Street Near 33rd Road, Tps III, Bandra West
Mumbai City Maharashtra) 400050. The Company is listed on BSE Stock exchange and The
Calcutta Stock exchange Association Ltd. The company in the past has been engaged in gas
filling, transportation and distribution of gases within the limits of Rajasthan. Now the company
intends for further expansion by setting up warehouse almost measuring 10,000 square feet
area.

(B) BASIS OF PREPARATION OF FINANCIAL STATEMENTS

These financial statements are prepared in accordance with Indian Accounting Standard (Ind
AS), under the historical cost convention on accrual basis except for certain financial
instruments which are measured at fair values, the provisions of the Companies Act, 2013
("theAct") (to the extent notified) and guidelines issued by the Securities and Exchange Board
of India (SEBI). The Ind AS are prescribed under Section 133 of the Act read with Rule 3 of the
Companies (IndianAccounting Standards) Rules, 2015 and relevant amendment rules issued
thereafter. As prescribe in Schedule III of Companies Act, 2013, the company has rounded off
the figures appearing in the financial statement to the nearest “Thousand" except EPS.

(C) CRITICALACCOUNTINGPOLICIES

(1) Current versus Non-Current classification

All assets and liabilities have been classified as current or non-current as per the
Company’s normal operating cycle and other criteria set out in the Schedule to the
CompaniesAct, 2013.

(2) Property, Plant and Equipments and IntangibleAssets

(a) Company does not have any property, plant and equipments, intangible assets
and investment Property; Hence revaluation provisions not applicable.

(b) In the opinion of the management Company does not hold any Benami property
as defined under the “Benami Transactions (Prohibition) Act, 1988 and Rules
made there under, No proceedings have been initiated or are pending against the
company for holding any Benami property under the “Benami Transactions
(Prohibition)Act, 1988 and Rules made there under.

(c) Company does not have any assets (other than property where company is
lessee and the lease agreements are duly executed in favour of lessee) whose
title deeds are not held in the name of company.

(d) Company does not have any intangible assets underdevelopment.

(e) Company does not have any capital work-in-progress.

(3) Recognition of Income and Expenditure

Revenues/Incomes and Costs/Expenditure are generally accounted on accrual, as
they are earned or incurred.

(4) Employee Benefits:

Short term Employee benefits

Liabilities for wages and salaries, including non monetary benefits that are expected to
be settled wholly within twelve months after the end of the period in which the
employees render the related services are recognized in respect of employee service
up to the end of the reporting period and are measured at the amount expected to be
paid when the liabilities are settled. The liabilities are presented as current employee
benefit obligations in the balance sheet.

(5) Taxation:

No Provision for Current tax is made as the management does not envisage any tax
liability according to the provisions of the Income taxAct, 1961.

Deferred tax is recognized as the tax effect of timing differences being the differences
between taxable incomes and accounting income that originated in one period and is
capable of reversal in one or more subsequent period.

(C) CRITICALACCOUNTING POLICIES

(1) Current versus Non-Current classification

All assets and liabilities have been classified as current or non-current as per the

Company''s normal operating cycle and other criteria set out in the Schedule to the

CompaniesAct, 2013.

(2) Property, Plant and Equipments and IntangibleAssets

(a) Company does not have any property, plant and equipments, intangible assets and investment Property; Hence revaluation provisions not applicable.

(b) In the opinion of the management Company does not hold any Benami property as defined under the "Benami Transactions (Prohibition) Act, 1988 and Rules made there under, No proceedings have been initiated or are pending against the company for holding any Benami property under the "Benami Transactions (Prohibition)Act, 1988 and Rules made there under.

(c) Company does not have any assets (other than property where company is lessee and the lease agreements are duly executed in favour of lessee) whose title deeds are not held in the name of company.

(d) Company does not have any intangible assets underdevelopment.

(e) Company does not have any capital work-in-progress.

(3) Recognition of Income and Expenditure

Revenues/Incomes and Costs/Expenditure are generally accounted on accrual, as they are earned or incurred.

(4) Employee Benefits:

Short term Employee benefits

Liabilities for wages and salaries, including non monetary benefits that are expected to be settled wholly within twelve months after the end of the period in which the employees render the related services are recognized in respect of employee service up to the end of the reporting period and are measured at the amount expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit obligations in the balance sheet.

(5) Taxation:

No Provision for Current tax is made as the management does not envisage any tax liability according to the provisions of the Income taxAct, 1961.

Deferred tax is recognized as the tax effect of timing differences being the differences between taxable incomes and accounting income that originated in one period and is capable of reversal in one or more subsequent period.

(a) Basis of Accounting

The accompanying Financial Statements have been prepared to comply in all material aspects with the mandatory Accounting Standards ('AS') issued by the Institute of Chartered Accountants of India ('ICAI'). The company has consistently applied the Accounting policies and is consistent with those used in the previous year. The Company generally follows mercantile system of Accounting recognizing both Income & Expenditure on accrual basis.

(b) Accounting Assumptions

The accounts are prepared on historical cost convention and as a going concern, accounting policies, not specifically referred to otherwise, are consistent with generally accepted accounting principles, unless otherwise stated.

(c) Use of estimates

The preparation of financial statements requires management to make estimates and assumptions that affect the reported statements of assets and liabilities, the disclosure of contingent liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the period reported. Actual results could differ from these estimates and assumptions. Any revision to accounting estimates is recognized prospectively in the current and future periods.

(d) Fixed Assets:

Fixed Assets are stated at cost less accumulated depreciation. Costs includes cost of acquisition and subsequent improvements thereto including borrowing costs, all relevant levies and other incidental expenses incurred to bring the assets to its present location and condition.

(e) Event occurring after Balance Sheet Date

No material events have occurred after the balance sheet date.

(f) Impairment of Assets:

Management periodically assesses using, external and internal sources, whether there is an indication that an asset may be impaired. Impairment occurs where the carrying value exceeds the present value of future cash flows expected to arise from the continuing use of the asset and its eventual disposal. The impairment loss to be expensed is determined as the excess of the carrying amount over the higher of the asset's net sales price or present value as determined above. During the year under consideration, there was no indication, either internal or external as to the impairment of any of the assets.

(g) Contingent Liabilities

Based on the information available, no contingent liabilities have been ascertained at the end of the year. Therefore, no provision for any contingent liability has been provided.

(h) The Company is a Small and Medium Sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 1956. Accordingly, the Company has complied with the Accounting Standards as applicable to a Small and Medium Sized Company.

(i) There was no employee of the company drawing the remuneration of Rs. 6000000/- or more P.A., if employed for whole of the year, or Rs. 500000/- or more P.M., if employed for part of the year.

(I) In opinion of the Board of Directors, the aggregate value of current assets, loans & advances on realization in ordinary course of business shall not be less than the amount at which these are stated in the Balance Sheet.

(m) Cash flow are reported using the indirect method as specified in AS - 3 issued by the Institute of Chartered Accountants of India, thereby profit after tax is adjusted for the effects of transactions of a non- cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows from operating, financing and investing activities of the company are segregated.

(a) Basis of Accounting

The accompanying Financial Statements have been prepared to comply in all material aspects with the mandatory Accounting Standards (''AS'') issued by the Institute of Chartered Accountants of India (''ICAI''). The company has consistently applied the Accounting policies and is consistent with those used in the previous year. The Company generally follows mercantile system of Accounting recognizing both Income & Expenditure on accrual basis.

(b) Accounting Assumptions

The accounts are prepared on historical cost convention and as a going concern, accounting policies, not specifically referred to otherwise, are consistent with generally accepted accounting principles, unless otherwise stated.

(c) Use of estimates

The preparation of financial statements requires management to make estimates and assumptions that affect the reported statements of assets and liabilities, the disclosure of contingent liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the period reported. Actual results could differ from these estimates and assumptions. Any revision to accounting estimates is recognised prospectively in the current and future periods.

(d) Fixed Assets:

Fixed Assets are stated at cost less accumulated depreciation. Costs includes cost of acquisition and subsequent improvements thereto including borrowing costs, all relevant levies and other incidental expenses incurred to bring the assets to its present location and condition.

(e) Event occurring after Balance Sheet Date

No material events have occurred after the balance sheet date.

(f) Impairment of Assets:

Management periodically assesses using, external and internal sources, whether there is an indication that an asset may be impaired. Impairment occurs where the carrying value exceeds the present value of future cash flows expected to arise from the continuing use of the asset and its eventual disposal. The impairment loss to be expensed is determined as the excess of the carrying amount over the higher of the asset''s net sales price or present value as determined above. During the year under consideration, there was no indication, either internal or external as to the impairment of any of the assets.

(g) Contingent Liabilities

Based on the information available, no contingent liabilities have been ascertained at the end of the year. Therefore, no provision for any contingent liability has been provided.

(h) The Company is a Small and Medium Sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 1956. Accordingly, the Company has complied with the Accounting Standards as applicable to a Small and Medium Sized Company.

(i) There was no employee of the company drawing the remuneration of Rs. 6000000/- or more P.A., if employed for whole of the year, or Rs. 500000/- or more P.M., if employed for part of the year.

(j) Foreign Exchange Earning : Nil

Foreign Exchange Outgo : Nil

(k) CIF Value of Import : Nil

(l) In opinion of the Board of Directors, the aggregate value of current assets, loans & advances on realization in ordinary course of business shall not be less than the amount at which these are stated in the Balance Sheet.

(m) Cash flow are reported using the indirect method as specified in AS - 3 issued by the Institute of Chartered Accountants of India, thereby profit after tax is adjusted for the effects of transactions of a non- cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows from operating, financing and investing activities of the company are segregated.

(a) Basis of Accounting

The accompanying Financial Statements have been prepared to comply in all material aspects with the mandatory Accounting Standards (''AS'') issued by the Institute of Chartered Accountants of India (''ICAI''). The company has consistently applied the Accounting policies and is consistent with those used in the previous year. The Company generally follows mercantile system of Accounting recognizing both Income & Expenditure on accrual basis.

(b) Accounting Assumptions

The accounts are prepared on historical cost convention and as a going concern, accounting policies, not specifically referred to otherwise, are consistent with generally accepted accounting principles, unless otherwise stated.

(c) Use of estimates

The preparation of financial statements requires management to make estimates and assumptions that affect the reported statements of assets arid liabilities, the disclosure of contingent liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the period reported. Actual results could differ from these estimates and assumptions. Any revision to accounting estimates is recognised prospectively in the current and future periods.

(d) Fixed Assets:

Fixed Assets are stated at cost less accumulated depreciation. Costs includes cost of acquisition and subsequent improvements thereto including borrowing costs, all relevant levies and other incidental expenses incurred to bring the assets to its present location and condition.

(e) Event occurring after Balance Sheet Date

No material events have occurred after the balance sheet date.

(f) Impairment of Assets:

Management periodically assesses using, external and internal sources, whether there is an indication that an asset may be impaired. Impairment occurs where the carrying value exceeds the present value of future cash flows expected to arise from the continuing use of the asset and its eventual disposal. The impairment loss to be expensed is determined as the excess of the carrying amount over the higher of the asset''s net sales price or present value as determined above. During the year under consideration, there was no indication, either internal or external as to the impairment of any of the assets.

(g) Contingent Liabilities

Based on the information available, no contingent liabilities have been ascertained at the end of the year. Therefore, no provision for any contingent liability has been provided.

(h) The Company is a Small and Medium Sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 1956. Accordingly, the Company has complied with the Accounting Standards as applicable to a Small and Medium Sized Company.

(i) There was no employee of the company drawing the remuneration of Rs. 6000000/- or more P.A., if employed for whole of the year, or Rs. 500000/- or more P.M., if employed for part of the year.

(j) Foreign Exchange Earning : Nil

Foreign Exchange Outgo : Nil

(k) CIF Value of Import : Nil

(a) Basis of Accounting

The accompanying Financial Statements have been prepared to comply in all material aspects with the mandatory Accounting Standards (''AS'') issued by the Institute of Chartered Accountants of India (''ICAI''). The company has consistently applied the Accounting policies and is consistent with those used in the previous year. The Company generally follows mercantile system of Accounting recognizing both Income & Expenditure on accrual basis.

(b) Accounting Assumptions

The accounts are prepared on historical cost convention and as a going concern, accounting policies, not specifically referred to otherwise, are consistent with generally accepted accounting principles, unless otherwise stated.

(c) Presentation and disclosure of financial statements

During the year end 31 March 2012, the revised Schedule VI notified under the Companies Act 1956, has become applicable to the company, for preparation and presentation of its financial statements. The adoption of revised Schedule VI does not impact recognition and measurement principles followed for preparation of financial statements. However, it has significant impact on presentation and disclosure made in the financial statements. The company has also reclassified the previous year figures in accordance with requirements applicable in the current year.

(d) Use of estimates

The preparation of financial statements requires management to make estimates and assumptions that affect the reported statements of assets and liabilities, the disclosure of contingent liabilities on the date of the financial statements and the reported amounts ''of revenues and expenses during the period reported. Actual results could differ from these estimates and assumptions. Any revision to accounting estimates is recognised prospectively in the current and future periods.

(e) Fixed Assets:

Fixed Assets are stated at cost less accumulated depreciation. Costs includes cost of acquisition and subsequent improvements thereto including borrowing costs, all relevant levies and other incidental expenses incurred to bring the assets to its present location and condition.

(e) Event occurring after Balance Sheet Dote

No material events ''nave occurred after the balance sheet date.

(f) Impairment of Assets:

Management periodically assesses using, external and internal sources, whether there is an indication that an asset may be impaired. Impairment occurs where the carrying value exceeds the present value of future cash flows expected to arise from the continuing use of the asset and its eventual disposal. The impairment loss to be expensed is determined as the excess of the carrying amount over the higher of the asset''s net sales price or present value as determined above. During the year under consideration, there was no indication, either '' internal or external as to the impairment of any of the assets.

(f) Contingent Liabilities

Based on the information available, no contingent liabilities have been ascertained at the end of the year. Therefore, no provision for any contingent liability has been provided.

(h) The Company is a Small and Medium Sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 1956. Accordingly, the Company has complied with the Accounting Standards as applicable to a Small and Medium Sized Company,

(i) There was no employee of the company drawing the remuneration of Rs. 6000000/- or more P.A., if employed for whole of the year, or Rs. 500000/- or more P.M., if employed for part of the year.

(j) Foreign Exchange Earning : Nil

Foreign Exchange Outgo : Nil

(k) CIF Value of Import : Nil

(I) In opinion of the Board of Directors, the aggregate value of current assets, loans & advances on realization in ordinary course of business shall not be less than the amount at which these are stated in the Balance Sheet.