Amarnath Securities Ltd. — Interim / Quarterly Report 2026

May 29, 2026

AMARNATH SECURITIES LIMITED
Regd. Office: Sarthak 1/104, Opp. City Centre, Near Swastik Cross Road, Navrangpura, Ahmedabad - 380009
Web: https://www.amarnathsecurities.org/ Email: amarnathsecurities@gmail.com
CIN: L67120GJ1994PLC023254

Friday, 29th May 2026

To
Corporate Services Department
The BSE Limited
P.J. Towers, 1st Floor, Dalal Street,
Mumbai – 400001

Ref.: Amarnath Securities Limited (Scrip Code: 538465)

Sub: Outcome of the Board Meeting

Dear Sir / Madam,

Pursuant to regulation 29 and regulation 30 of SEBI (Listing Obligation and disclosure Requirement) Regulation 2015 we would like to inform you that the Board of Directors in their meeting held today i.e. May 29, 2026 which commenced at 8.00 p.m. and concluded at 10.30 p.m. has considered and approved the below:

• The statement of Audited financial result for the quarter and the financial year ended March 31, 2026
• Audit Report from Statutory Auditor for the quarter and Year ended March 31, 2026.

This above information is also available on the company’s website and on the website of the stock Exchange at www.bseindia.com.

Request you to kindly take the information on your records.

FOR AMARNATH SECURITIES LIMITED

CHETAN
BALUBHA
I PATEL

Digitally signed
by CHETAN
BALUBHAI PATEL
Date: 2026.05.29
22:51:09 +05'30'

CHETAN PATEL
WHOLE-TIME DIRECTOR
DIN NO. 0355608

Corporate Office: A9, ground floor, Ellora park, near Damani Zapa, Killa Pardi, Valsad, Killa Pardi, Valsad, Pardi, Gujarat, India, 396125

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AMARNATH SECURITIES LIMITED
CIN No. L67120GJ1994PLC023254
Reg. Office:- 1/104, Sarthak, Opp. C.T. Centre, B/H. Swastik Cross Road, C.G. Road, Ahmadabad - 38009.
Corporate Office: All, ground floor, Ellora park, near Damani Zapa, Killa Pardi ,Valsad,Killa Pardi, Valsad, Pardi, Gujarat, India, 396125
A Statement of Standlone Audited Financial Results for the Quarter/year ended 31st March, 2026
(Rs. in Lacs)

Particulars		Quarter ended on			Year ended on
(Refer Notes Below)	31.03.2026	31.12.2025	31.03.2025	31.03.2026	31.03.2025
		(Audited)	(Unaudited)	(Audited)	(Audited)	(Audited)
1	Revenue from operations
	Interest Income	0.00	9.59	9.62	0.28	38.93
	Dividend Income	0.00	-	-	0.05	-
	Total revenue from operations	0.00	9.59	9.62	0.33	38.93
2	Other income	80.68	-	0.00	80.68	-
3	Total Income (1+2)	80.69	9.59	9.62	81.01	38.93
4	Expenses
	Finance Cost	0.86	0.44	0.59	2.78	2.16
	Fees and Commission Expense	4.17	-	-	4.17	4.17
	Loss on derecognition of FA (at amortized cost)	539.52	-	-	539.52	-
	Employee Benefits Expenses	40.26	0.58	-	41.07	2.70
	Depreciation, amortization and impairment	-	-	-	-	-
	Other expenses	33.54	3.08	1.22	14.38	2.66
	Total Expenses	618.36	4.10	1.81	601.92	11.69
5	Profit / (Loss) before exceptional items and tax (3-4)	-537.67	5.49	7.81	-520.91	27.24
6	Exceptional items
7	Profit / (Loss) before tax (5+6)	-537.67	5.49	7.81	-520.91	27.24
8	Tax expense:
	Current tax	-4.36	1.32	2.13	-	7.30
	Earlier Year tax	-	-	-	-	0.67
	Profit (Loss) for the period from continuing operations (7-8)	-533.31	4.17	5.68	-520.91	19.27
	Profit/(loss) from discontinuing operations before Tax	-	-	-	-	-
	Tax expense of discontinuing operations	-	-	-	-	-
12	Profit/(loss) from Discontinuing operations (after tax) (10-11)	-	-	-	-	-
13	Profit / (Loss) for the period (9+12)	-533.31	4.17	5.68	-520.91	19.27
14	Other Comprehensive Income
	Items that will not be reclassified subsequently to profit or loss	-	-	-	-	-
	Income tax relating to items that will not be reclassified to profit or loss	-	-	-	-	-
	Items that will be reclassified subsequently to profit or loss	-	-	-	-	-
	Income tax relating to items that will be reclassified to profit or loss	-	-	-	-	-
	Other Comprehensive Income, net of tax	-	-	-	-	-
15	Total Comprehensive Income for the period (13+14)	-533.31	4.17	5.68	-520.91	19.27
16	Paid-up equity shares capital (Face Value per share Rs. 10/-)	30.002	30.002	30.002	30.002	30.002
17	Reserves excluding Revaluation Reserves
18	Earnings Per Share of Rs. 10/- each (for continuing operations)
	- Basic	-17.78	0.14	0.19	-17.36	0.64
	- Diluted	-17.78	0.14	0.19	-17.36	0.64
	Earnings Per Share of Rs. 10/- each (for discontinued operations)
	- Basic	-	-	-	-	-
	- Diluted	-	-	-	-	-
20	Earnings Per Share of Rs. 10/- each (for discontinued & continuing operations)
	- Basic	-17.78	-0.76	0.19	-17.36	0.64
	- Diluted	-17.78	-0.76	0.19	-17.36	0.64
	Debt Equity ratio		-
22	Debt service coverage ratio		-
23	Interest service coverage ratio		-

For and on behalf of the Board of Directors of Amarnath Securities Limited

CHITIAN
BALUMBIA
SCHOOL
CHITIAN
BHU

Chetan Patel
Chief Financial Officer
Place: Ahmedabad
Date: 29/05/2026

Kinnari Chetan Patel
Whole-time Director

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AMARNATH SECURITIES LIMITED
CIN No. L57120GJ1994PLC023254
Reg. Office:- 1/104, Sarthak, Opp. C.T. Centre, B/H. Swastik Cross Road, C.G. Road, Ahmadabad - 38009.
Corporate Office: A9, ground floor, Ellora park, near Damani Zapa, Killa Pardi ,Valsad,Killa Pardi, Valsad, Pardi; Gujarat, India, 396125
Statement of Financial Results for the year ended 31st March, 2026
(Rs. in Lacs)

| Sr. No. | Particulars | 31.03.2026
(Audited) | as at 31-3-2025
(Audited) |
| --- | --- | --- | --- |
| | ASSETS | | |
| 1 | Financial Assets | - | - |
| | Cash and cash equivalents | 3.48 | 0.34 |
| | Bank balance other than (a) above | - | - |
| | Derivative Financial Instruments | - | - |
| | Receivables | - | - |
| | (i) Trade Receivables | - | - |
| | (ii) Other Receivables | - | - |
| | Loans | 2.50 | 540.32 |
| | Investments | 0.51 | 0.51 |
| | Other Financial Assets | - | 0.53 |
| | Total Financial Assets | 6.49 | 541.70 |
| 2 | Non Financial Assets | | |
| | Inventories | - | - |
| | Current tax assets (Net): | - | - |
| | Deferred tax Assets (Net): | - | - |
| | Investment Property | - | - |
| | Biological assets other than bearer plants | - | - |
| | Property, Plant and Equipment | - | - |
| | Capital work in progress | - | - |
| | Intangible assets under development | - | - |
| | Right of Use | - | - |
| | Current Intangible Assets | - | - |
| | Other non financial Assets | - | - |
| | Total Non Financial Assets | - | - |
| | TOTAL ASSETS | 6.49 | 541.70 |
| | EQUITY AND LIABILITIES | | |
| 1 | Equity | | |
| | Equity share capital | 300.02 | 300.02 |
| | Other Equity | (373.06) | 147.85 |
| | Total Equity attributable to owners of parent | (73.04) | 447.87 |
| | Non controlling Interest | - | - |
| 2 | Liabilities | | |
| 2.1 | Financial Liabilities | | |
| | Derivative Financial Instruments: | | |
| | Payables | | |
| | (i) Trade Payables | | |
| | (i) total outstanding dues of micro enterprises and small enterprises | - | - |
| | (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | | |
| | (ii) Other Payables | | |
| | (i) total outstanding dues of micro enterprises and small enterprises | - | - |
| | (ii) total outstanding dues of creditors other than micro enterprises and small enterprises | 1.05 | 0.69 |
| | Debt Securities | - | - |
| | Borrowings (Other than Debt Securities) | 68.10 | 85.35 |
| | Lease Liabilities | - | - |
| | Subordinated Liabilities | - | - |
| | Other Financial Liabilities | - | - |
| Total Financial Liabilities | 69.18 | 86.04 | |
| 2.2 | Non Financial Liabilities | | |
| | Current financial Liabilities (Net): | | |
| | Provisions | 10.38 | 7.80 |
| | Deferred tax Liabilities (Net): | - | - |
| | Other Non Financial Liabilities | - | - |
| | Total Non Financial Liabilities | 10.38 | 7.80 |
| | Total Liabilities | 79.53 | 93.84 |
| | TOTAL EQUITY AND LIABILITIES | 6.49 | 541.70 |

For and on behalf of the Board of Directors of
Amarnaath Securities Limited

Chetan Patel
Chief Financial Officer

Place: Ahmedabad
Date: 29/05/2026

Kinnari Chetan Patel
Whole-time Director

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AMARNATH SECURITIES LIMITED
CIN No. L67120GJ1994PLC023254
Reg. Office:- 1/104, Sarthak, Opp. C.T. Centre, B/H. Swastik Cross Road, C.G. Road, Ahmadabad - 38009.
Corporate Office: Unit No 705, Minerva Estate, A Wing, O2 Commercial Tower Mulund West - 400080.
Cash flow for the year ended 31st March, 2026
(Rs. In lakhs)
Particulars	As at March 31, 2026	As at March 31, 2025
A CASH FLOW FROM OPERATING ACTIVITIES
Net (Loss) \ Profit before tax
Adjustments for :
Finance Cost
Net gain on fair value changes
Depreciation
Changes in Working Capital:-
Adjustment for (Increase) / Decrease in Operating Assets and liabilities
Provision
Other Financial & Non-Financial Assets
Long/Short term Loans & Advances
Trade payables & Other Liabilities
Other Financial & Non-Financial Liabilities
Cash generated from Operations
Direct taxes paid
NET CASH GENERATED FROM OPERATING ACTIVITIES	(520.91)
2.78
-
-
2.58
0.53
537.82
0.36
(17.24)
5.93
-
5.93	27.24
2.16
-
-
6.89
1.30
(38.73)
(0.33)
7.45
5.98
(7.97)
(2.00)
B CASH FLOW FROM INVESTING ACTIVITIES
Property, Plant and Equipment
Purchase of /additions in investments measured at FVTPL
NET CASH USED IN INVESTING ACTIVITIES	-
-
-	-
-
-
C CASH FLOW FROM FINANCING ACTIVITIES
Short Term/Long Term Borrowing
Finance Cost
NET CASH USED IN FINANCING ACTIVITIES	(2.78)
(2.78)	(2.16)
(2.16)
NET INCREASE/(DECEREASE) IN CASH AND CASH EQUIVALENTS
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year	3.14
0.34
3.48	(4.16)
4.50
0.34
Components of Cash & Cash Equivalents
Cash on Hand
Balances with banks:
a) In current account
Total Cash and Bank Equivalents (As per Note 10)	0.16
3.33
3.48	0.28
0.06
0.34
a) The figures for quarter ended on 31st March, 2026 are the balancing figures between the audited figures in respect of the full financial year ended on 31st March, 2026 and the year to date figures up to the third quarter of the financial year.
b) The Company is operating only in one segment i.e. Finance and Investment. Hence segment reporting is not given.
c) The above financial results have been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) as amended, prescribed under Section 133 of the Companies Act, 2013, read with relevant rules issued thereunder.
d) The Company does not have any subsidiary / associate.
e) The above results have been reviewed by audit committee and approved by Board of Directors of Company at its meeting held on 29 May, 2026
For and on behalf of the Board of Directors of
Amarnath Securities Limited

Cathy
Kinnari Chetan Patel
White-Time Director

Please: Ahmedabad
Date: 29/05/2025 | | |

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CA

INDIA

H K Shah & Co.

CHARTERED ACCOUNTANTS

Independent Auditor's Report on Quarterly and Year to Date Financial Results of the Company pursuant to the Regulation 33 and 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended

To

The Board of Directors,

AMARNATH SECURITIES LIMITED

[CIN: L67120GJ1994PLC023254]

Ahmedabad

Report on the Audit of Financial Results

Qualified Opinion

We have audited the accompanying financial results of AMARNATH SECURITIES LIMITED (“the company”) for the quarter and year ended March 31, 2026, attached herewith, being submitted by the company pursuant to the requirements if regulation 33 and 52 read with Regulation 63(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“the Listing Regulations”).

In our opinion and to the best of our information and according to the explanations given to us, these financial results, except for the effects of the matter described in the ‘Basis for Qualified Opinion’ section of this report:

• are prepared and presented in accordance with the requirements of Regulation 33 and Regulation 52 read with Regulation 63(2) of Listing Regulations; and
• give true and fair view in conformity with the recognition/regulation and measurement principles laid down in the applicable Indian Accounting Standards and other accounting principle generally accepted in India, of the net loss and other comprehensive income and other financial information of the company for the quarter and year ended.

Basis for Qualified Opinion

1. We have not received documents regarding RBI compliances from the auditee NBFC company until the issue of this report. Hence, we are unable to determine the possible effects of the same, if any.
2. In the absence of a whole-time Company Secretary during the year under audit, we are unable to determine any extent or effects of possible consequential secretarial non-compliances, if any, arising from the absence of a Company Secretary during the year.

We conducted our audit in accordance with the Standards on Auditing (“the SAs”) specified under section 143(10) of the Companies Act, 2013. Our responsibilities under those Standards are further described in the ‘Auditor’s Responsibilities for the Audit of the Financial Results’ section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI) together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

H K SHAH & CO.
FRN 109583 W
C&AG No. WRO: 510
RBI UCN 122900
UDAYAM UDAYAM-GJ-01-0094455

GSTIN 24AACFH1917R1Z6 | PAN AACFH1917R | FRN 109583W | UDAYAM UDYAM-GJ-01-0094455

079-27544995 / 27542785
+91-9909919785
+91-9714744995

hkshahandco@gmail.com
www.hkshahandco.com

Head Office
403+404 SARAP Building,
Opp. Navjivan Press, Off Ashram Road,
Nr. Income Tax, Ahmedabad - 380014

Branch Gujarat, Maharashtra, Tamil Nadu & Uttar Pradesh Offices

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Other Matters

1. We draw attention to audited financial results, which indicates that the Company's net worth is negative as at the reporting date.

2. We have been appointed during the current year to fill in the casual vacancy caused by the resignation of the outgoing auditor dated February 3, 2026. Further, the standalone financial statements for the year ended March 2025 have been audited by the predecessor auditor whose audit report dated May 30, 2025 has expressed an unmodified opinion.

3. The annual financial results include the results for the quarter ended March 31, 2026 and the corresponding quarter ended in the previous year being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the relevant financial year which were subject to limited review by us.

Management's Responsibilities for the Financial Results

The Company's Management and Board of Directors are responsible for the matters stated in section 134(5) of the Act with respect to the preparation of these Standalone Financial Statements that give a true and fair view of the financial position, financial performance including other comprehensive income, cash flows and changes in equity of the Company in accordance with the Ind AS and the accounting principles generally accepted in India. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone Financial Statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Standalone Financial Statements, the Management and Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Financial Results

Our objectives are to obtain reasonable assurance about whether the Standalone Financial Statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Standalone Financial Statements.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the Standalone Financial Statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

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• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial controls system in place and the operating effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

• Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Standalone Financial Statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the Standalone Financial Statements, including the disclosures, and whether the Standalone Financial Statements represent the underlying transactions and events in a manner that achieves fair presentation.

Materiality is the magnitude of misstatements in the standalone financial statements that, individually or in aggregate, make it probable that the economic decisions of a reasonably knowledgeable user of the standalone financial statements may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work: and (ii) to evaluate the effect of any identified misstatements in the standalone financial statements.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the Standalone Financial Statements for the financial ended March 31, 2026, and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

For H K Shah & Co.,
Chartered Accountants
FRN.: 109583W

Prerak Shah
Partner M.No.: 181302
Place: Ahmedabad
Date: May 30, 2026
UDIN: 26181302 SCLERA1231

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AMARNATH SECURITIES LIMITED
Regd. Office : Sarthak 1/104, Opp. City Centre, Near Swastik Cross Road, Navrangpura, Ahmedabad - 380009
Web.: https://www.amarnathsecurities.org/ Email: amarnathsecurities@gmail.com
CIN: L67120GJ1994PLC023254

Friday, 29th May 2026

To
Corporate Services Department
The BSE Limited
P.J. Towers, 1st Floor, Dalal Street,
Mumbai – 400001

Ref.: Amarnath Securities Limited (Scrip Code: 538465)

Subject: Submission of Statement on Impact of Audit Qualifications for the Financial Year ended March 31, 2026

Dear Sir / Madam,

Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/56/2016 dated May 27, 2016 and subsequent amendments / Master Circulars issued by SEBI, please find enclosed herewith the “Statement on Impact of Audit Qualifications” in respect of the Audit Report containing modified opinion(s) issued by the Statutory Auditors on the Audited Financial Results of the Company for the Financial Year ended March 31, 2026.

The said statement has been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on 29.05.2026.

The details as required under the aforesaid SEBI Circular are enclosed herewith as Annexure – I.

Kindly take the same on your records.

THANKING YOU

FOR AMARNATH SECURITIES LIMITED

CHETAN Dignally signed
by CHETAN
BALUBH AYATEL
Date: 2026.05.29
AI PATEL 22:51:52 +05'00'

CHETAN PATEL
WHOLE-TIME DIRECTOR
DIN NO. 0355608

Corporate Office: A9, ground floor, Ellora park, near Damani Zapa, Killa Pardi, Valsad, Killa Pardi, Valsad, Pardi, Gujarat, India, 396125

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AMARNATH SECURITIES LIMITED
Regd. Office: Sarthak 1/104, Opp. City Centre, Near Swastik Cross Road, Navrangpura, Ahmedabad - 380009
Web: http://www.amarnathsecurities.org Email: amarnathsecurities@gmail.com
CIN: L67120GJ1994PLC023254

ANNEXURE - I

Statement on Impact of Audit Qualifications

(For Audit Report with Modified Opinion)

Submitted along-with Annual Audited Financial Results (Standalone)

I. Sl. No.	Particulars	Audited Figures (as reported before adjusting for qualifications) (Figures in lakhs)	Adjusted Figures (audited figures after adjusting for qualifications) (Figures in Lakhs)
1	Turnover / Total Income	81.01	81.01
2	Total Expenditure	601.92	601.92
3	Net Profit / (Loss)	(520.91)	(520.91)
4	Earnings Per Share	-17.36	-17.36
5	Total Assets	6.49	6.49
6	Total Liabilities	6.49	6.49
7	Net Worth	(73.04)	(73.04)
8	Any other financial item(s) (as felt appropriate by management)	NA	NA

II. Audit Qualification (each audit qualification separately)

a. Details of Audit Qualification:

1. We have not received documents regarding RBI compliances from the auditee NBFC company until the issue of this report. Hence, we are unable to determine the possible effects of the same, if any.

2. In the absence of a whole-time Company Secretary during the year under audit, we are unable to determine any extent or effects of possible consequential secretarial non-compliances, if any, arising from the absence of a Company Secretary during the year.

b. Type of Audit Qualification:

• Qualified Opinion / Disclaimer of Opinion / Adverse Opinion : Qualified

Corporate Office: A9, ground floor, Ellora park, near Damani Zapa, Killa Pardi, Valsad, Killa Pardi, Valsad, Pardi, Gujarat, India, 396125

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AMARNATH SECURITIES LIMITED
Regd. Office : Barthak 1/104, Opp. City Centre, Near Swastik Cross Road, Navrangpura, Ahmedabad - 380009
Web : https://www.amarnathsecurities.org/ Email : amarnathsecurities@gmail.com
CIN: L671200J1994PLC003254

c. Frequency of Qualification:

• Whether appeared first time / repetitive / since how long continuing : First Time

d. For Audit Qualification(s) where the impact is quantified by the auditor: NA

e. For Audit Qualification(s) where the impact is not quantified by the auditor:

(i) Management’s estimation on the impact of audit qualification: NA

(ii) If management is unable to estimate the impact, reasons for the same:

1. The management confirms that the periodic RBI returns required to be filed during the previous financial year have been duly submitted. However, with respect to certain other RBI-related compliances and historical regulatory filings, the relevant records and information are presently being obtained from the erstwhile Promoters and management of the Company.

The Company is in the process of ascertaining the status of such compliances and reconciling the available records. Upon receipt and verification of the requisite information and supporting documents, the management shall update the auditors regarding the compliance status and take necessary correctives actions, if any, as may be required.

Accordingly, the management is presently unable to provide a conclusive confirmation regarding the status of all historical RBI compliances pending receipt of the aforesaid information from the erstwhile Promoters.

1. The Company is in the process of identifying and appointing a suitable candidate for the vacant position. Management has undertaken efforts to shortlist qualified candidates; however, despite ongoing recruitment initiatives, the Company has not yet been able to identify a candidate who is both suitable for the role and available to join immediately.

The recruitment process is actively continuing, and Management is committed to filling the position at the earliest opportunity. The Company shall complete the appointment upon finalization of a suitable candidate and ensure compliance with all applicable statutory requirements.

Management believes that this is a temporary situation and is taking all reasonable steps to resolve the matter expeditiously.

(iii) Auditor’s Comments on (i) or (ii) above:

As mentioned in our report on even date.

Corporate Office: A9, ground floor, Ellora park, near Damani Zapa, Killa Pardi ,Valsad,Killa Pardi, Valsad, Pardi, Gujarat, India, 396125

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AMARNATH SECURITIES LIMITED
Regd Office : Sarthak 1/104, Opp. City Centre, Near Swastik Cross Road, Navrangpura, Ahmedabad - 380009
Web : https://www.amarnathsecurities.org/ Email : amarnathsecurities@gmail.com
CIN: L67120GJ1994PLC023284

III. Signatories

Name & Designation	Signature
Kinnari Patel
Whole-time Director	K. Patel
Chetan Patel
CFO	C. Patel
Sanjay Rajkumar Dua
Audit Committee Chairman	S. Dua
Prerak Shah
Statutory Auditor	P. R.

Place: Mumbai
Date: 29.05.2026

Corporate Office: A9, ground floor, Ellora park, near Damani Zapa, Killa Pardi, Valsad, Killa Pardi, Valsad, Pardi, Gujarat, India, 396125