INTEGRATED FILING — NBFC



General information about company

Scrip code 540647
NSE Symbol GANGESSECU
MSEI Symbol NOTLISTED
ISIN INE335W01016
Name of company GANGES SECURITIES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 14-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 05-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment INVESTING
Start date and time of board meeting 14-May-2025   18:00:00
End date and time of board meeting 14-May-2025   21:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
(III) Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2024-05-15
Indicate Company website link for updated RPT policy of the Company https://www.birla-sugar.com/Assets/Ganges/Ganges-Securities-Related-Party-Transaction-Policy.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
NOT APPLICABLE


Financial Results — NBFC
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations
(i) Interest Income 5949000 27129000
(ii) Dividend Income 0 51566000
(iii) Rental Income 0 0
(iv) Fees and commission Income 0 0
(v) Net gain on fair value changes 0 0
(vi) Net gain on derecognition of financial instruments under amortised cost category 0 0
(vii) Sale of products (including Excise Duty) 0 0
(viii) Sale of services 0 0
(ix) Other revenue from operations
1 Rental Income 647000 2522000
Total other revenue from operations 647000 2522000
Total Revenue From Operations 6596000 81217000
Other income 1000 1000
Total income 6597000 81218000
2 Expenses
Cost of materials consumed 0 0
Purchases of stock-in-trade 0 0
Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
Employee benefit expense 3737000 10037000
Finance costs 0 0
Depreciation, depletion and amortisation expense 84000 336000
Fees and commission expense 2000 857000
Net loss on fair value changes 0 0
Net loss on derecognition of financial instruments under amortised cost category 0 0
Impairment on financial instruments 0 0
(f) Other expenses
1 Other expenses 9087000 17210000
Total other expenses 9087000 17210000
Total expenses 12910000 28440000
3 Total profit before exceptional items and tax -6313000 52778000
4 Exceptional items 0 0
5 Total profit before tax -6313000 52778000
7 Tax expense
8 Current tax -758000 13924000
9 Deferred tax 0 0
10 Total tax expenses -758000 13924000
11 Net Profit Loss for the period from continuing operations -5555000 38854000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
17 Net profit (loss) from discontinued operation after tax 0 0
14 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
15 Total profit (loss) for period -5555000 38854000
16 Other comprehensive income net of taxes 87881000 1259292000
17 Total Comprehensive Income for the period 82326000 1298146000
18 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
19 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
20 Details of equity share capital
Paid-up equity share capital 100037000 100037000
Face value of equity share capital 10 10
21 Reserves excluding revaluation reserve
22 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings per share from continuing operations -0.56 3.88
Diluted earnings per share from continuing operations -0.56 3.88
ii Earnings per equity share for discontinued operations
Basic earnings per share from discontinued operations 0 0
Diluted earnings per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings per share -0.56 3.88
Diluted earnings per share -0.56 3.88
23 Debt equity ratio
24 Debt service coverage ratio
25 Interest service coverage ratio
26 Disclosure of notes on financial results


Remarks
23 Debt equity ratio
24 Debt service coverage ratio
25 Interest service coverage ratio


Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 52778000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0
Adjustments for decrease (increase) in inventories 0
Adjustments for decrease (increase) in trade receivables, current 0
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 79158000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 65551000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 0
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -180000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 336000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 479000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 0
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items 90000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 145434000
Net cash flows from (used in) operations 198212000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 13801000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 184411000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 0
Proceeds from sales of investment property 0
Purchase of investment property 180470000
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) investing activities -180470000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 0
Interest paid 0
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 0
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 3941000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 3941000
Cash and cash equivalents cash flow statement at beginning of period 560000
Cash and cash equivalents cash flow statement at end of period 4501000




Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Finanical Asset
Cash and cash equivalents 4501000
Bank Balance other than (a) above 162348000
Derivative financial instruments 0
Receivables
(I) Trade Receivables 0
(II) Other Receivables 0
Loans 74800000
Investments 6830642000
Other Financial assets 6867000
Total Financial Assets 7079158000
2 Non Financial Asset
Inventories 0
Current tax assets (Net) 1037000
Deferred tax Assets (Net) 0
Investment Property 4254000
Biological assets other than bearer plants 0
Property, Plant and Equipment 4874000
Capital work-in-progress 0
Intangible assets under development 0
Goodwill 0
Other Intangible assets 0
Other non-financial assets (to be specified) 6303000
Total Non Financial Assets 16468000
Total assets 7095626000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 100037000
Other equity 6510037000
Total equity attributable to owners of parent 6610074000
Non controlling interest
Total equity 6610074000
2 Liabilities
2.1 Financial Liabilities
(a) Derivative financial instruments 0
(b) Payables 0
(I)Trade Payables
(i) total outstanding dues of micro enterprises and small enterprises 0
(ii) total outstanding dues of creditors other than micro enterprises and small enterprises 0
II) Other Payables
(i) total outstanding dues of micro enterprises and small enterprises 0
(ii) total outstanding dues of creditors other than micro enterprises and small enterprises 0
(C ) Debt Securities 0
(d) Borrowings (Other than Debt Securities) 0
(e) Deposits 0
(f) Subordinated Liabilities 0
(g) Other financial liabilities 1390000
Total Financial Liabilities 1390000
2.2 Non-Financial Liabilities
(a) Current tax liabilities (Net) 0
(b) Provisions 1120000
(C ) Deferred tax liabilities (Net) 482989000
(d) Other non-financial liabilities 53000
Total Non Financial Liabilities 484162000
Total liabilities 485552000
Total equity and liabilites 7095626000
Disclosure of notes on assets and liabilities


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets
Net Segment Asset
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities
Net Segment Liabilities
Disclosure of notes on segments


Other Comprehensive Income
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Amount of items that will not be reclassified to profit and loss 266599000 1557742000
Total Amount of items that will not be reclassified to profit and loss 266599000 1557742000
2 Income tax relating to items that will not be reclassified to profit or loss 178815000 298551000
3 Amount of items that will be reclassified to profit and loss
1 Amount of items that will be reclassified to profit and loss 130000 135000
Total Amount of items that will be reclassified to profit and loss 130000 135000
4 Income tax relating to items that will be reclassified to profit or loss 33000 34000
5 Total Other comprehensive income 87881000 1259292000




Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 J K V S & CO. Yes 30-Nov-2017


Financial details
Sr. Particulars Audited Figures (as reported before adjusting for qualifications) Adjusted Figures (audited figures after adjusting for qualifications)
1 Turnover / Total income
2 Total Expenditure
3 Net Profit/(Loss)
4 Earnings Per Share
5 Total Assets
6 Total Liabilities
7 Net Worth


Signatories details

Name of CEO / Managing director
Name of CFO
Name of audit committee chairman
Name of statutory auditor
Name of other signatory, if any, with designation
Place
Date


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity /subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 Ganges Securities limited MRS NANDINI NOPANY Non Executive Chairperson Any other transaction Sitting Fees to Non Executive Directors As approved by the Board of Directors 20000 0 0
2 Ganges Securities limited MR ARUN KUMAR NEWAR Non Executive Independent Director Any other transaction Sitting Fees to Non Executive Directors As approved by the Board of Directors 35000 0 0
3 Ganges Securities limited MR DHIRAJ RAMAKANT Non Executive Independent Director Any other transaction Sitting Fees to Non Executive Directors As approved by the Board of Directors 18000 0 0
4 Ganges Securities limited MR CHHEDI LAL AGARWAL Non Executive Independent Director Any other transaction Sitting Fees to Non Executive Directors As approved by the Board of Directors 35000 0 0
5 Ganges Securities limited MR BRIJ MOHAN AGARWAL Non Executive Director Any other transaction Sitting Fees to Non Executive Directors As approved by the Board of Directors 33000 0 0
6 Ganges Securities limited MRS URVI MITTAL Managing Director Remuneration As approved by the Nomination & Remuneration Committee, Board of Directors and Shareholders of the Company 5600000 0 0
7 Ganges Securities limited MORTON FOODS LIMITED Promoter Group Loan As approved by the Audit Committee and the Board of Directors and the Shareholders 50000000 189800000 74800000 Loan 0.095 12 months Unsecured For meeting working capital requirements
8 Ganges Securities limited MORTON FOODS LIMITED Promoter Group Interest received As approved by the Audit Committee and the Board of Directors 3610000 6313000 1165000
9 Cinnatolliah Tea Ltd MRS NANDINI NOPANY Non Executive Chairperson of the subsidiary Any other transaction Sitting Fees to Non Executive Directors As approved by the Board of Directors of the subsidiary 25000 0 0
10 Cinnatolliah Tea Ltd MR ARUN KUMAR NEWAR Non Executive Director of the subsidiary Any other transaction Sitting Fees to Non Executive Directors As approved by the Board of Directors of the subsidiary 30000 0 0
11 Cinnatolliah Tea Ltd MR DILIP PATODIA Non Executive Director of the subsidiary Any other transaction Sitting Fees to Non Executive Directors As approved by the Board of Directors of the subsidiary 30000 0 0
12 Cinnatolliah Tea Ltd MRS SHRUTI VORA Non Executive Director of the subsidiary Any other transaction Sitting Fees to Non Executive Directors As approved by the Board of Directors of the subsidiary 10000 0 0
13 Cinnatolliah Tea Ltd Mr HARJINDER SINGH KAPOOR WHOLETIME DIRECTOR OF THE SUBSIDIARY Remuneration As approved by the Nomination & Remuneration Committee and Board of Directors of the subsidiary 2942000 98000 196000
14 Cinnatolliah Tea Ltd MR PRIYANKAR GHOSH n CHIEF FINANCIAL OFFICER OF THE SUBSIDIARY UPTO MARCH 12, 2025 Remuneration As approved by the Nomination & Remuneration Committee and Board of Directors of the subsidiary 207000 50000 0
15 Cinnatolliah Tea Ltd MR AMIT SWAIKA CHIEF FINANCIAL OFFICER OF THE SUBSIDIARY WITH EFFECT FROM MARCH 12, 2025 Remuneration As approved by the Nomination & Remuneration Committee and Board of Directors of the subsidiary 130000 0 0
16 Ganges Securities limited VIJAYA AGARWALA COMPANY SECRETARY Remuneration As approved by the Nomination & Remuneration Committee, Board of Directors of the Company 237000 0 0
Total value of transaction during the reporting period 62962000





Format for Disclosing Outstanding Default on Loans and Debt Securities
Sr. No. Particulars Amount Remarks
1. Loans / revolving facilities like cash credit from banks / financial institutions
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
2. Unlisted debt securities i.e. NCDs and NCRPS
A Total amount outstanding as on date
B Of the total amount outstanding, amount of default as on date
3. Total financial indebtedness of the listed entity including short-term and long-term debt