May 10, 2021

The Secretary The Dy. General Manager National Stock Exchange of India Ltd. Corporate Relationship Department Exchange Plaza, 5th Floor BSE Ltd. Plot No. C/1, G Block Ist Floor, New Trading Ring, Bandra- Kurla Complex, Rotunda Building Bandra (E) P.J. Towers, Dalal Street, Fort, Mumbai 400 051 Mumbai-400 001

Symbol : GANGESSECU Stock Code : 540647

Dear Sir,

Sub: Outcome of Board Meeting held on May 10, 2021

Ref: Regulation 30, 33(3) of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015

Pursuant to Regulation 30 and 33 of SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. May 10, 2021 has inter-alia transacted the following items of business:

a. Considered and approved the Audited Annual Financial Results (Standalone and Consolidated) of the Company for the financial year ended March 31, 2021. A copy of Audited Financial Results along with Auditors Report thereon and Declaration pursuant to Regulation 33(3)(d) of the Listing Regulations, 2015 is enclosed for your records;
b. The Board of Directors has not recommended any dividend for the year ended March 31, 2021.

The above results are also being made available on the Company's website at www.birla-sugar.com.

The meeting commenced at 6.00 pm and concluded at 07.10 pm.

The above is for your information and dissemination to all concerned.

Thanking you

Yours faithfully, For Ganges Securities Limited

Vjnta Arereldl

Vijaya Agarwala Company Secretary ACS: 38658

Encl: a/a

301, Victory House, 3rd Floor 1, Ganesh Chandra Avenue, Kolkata - 700 013 Phone : 2225-9430/31/32 E-mail : [email protected] Website : www.asnco.in

Independent Auditor's Report on the Quarterly and Year to Date Audited Standalone Financial Results of the Company Pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

To The Board of Directors of Ganges Securities Limited

Report on the audit of the Standalone Financial Results

Opinion

We have audited the accompanying statement of quarterly and year to date Standalone financial results of Ganges Securities Limited (the "Company") for the quarter ended March 31, 2021 and for the year ended March 31, 2021 ("Statement"), attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33o0f 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, the Statement:

i. is presented in accordance with the requirements of the Listing Regulations in this regard; and
ii. gives a true and fair view in conformity with the applicable accounting standards and other accounting principles generally accepted in India, of the net profit/(loss) and other comprehensive income and other financial information of the Company for the quarter ended March 31, 2021 and for the year ended March 31, 2021.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013, as amended ("the Act"). 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 together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act 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 obtained by us is sufficient and appropriate to provide a basis for our opinion.

Management's Responsibilities for the Standalone Financial Results

The Statement has been prepared on the basis of the annual financial statements. The Board of Directors of the Company are responsible for the preparation and presentation of the Statement that gives a true and fair view of the net profit and other comprehensive income of the Company and other financial information in accordance with the applicable accounting standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. 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 Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Statement, the 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 Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole is 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 the Statement.

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

eIdentify and assess the risks of material misstatement of the Statement, 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.
¢ 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 with reference to financial statements 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 the Board of Directors.

¢ Conclude on the appropriateness of the Board of Directors' 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 financial results 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.
eEvaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation.

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.

Other Matter

The Statement includes the results for the quarter ended March 31, 2021 being the balancing figure between the audited figures in respect of the full financial year ended March 31, 2021 and the published unaudited year-to-date figures up to the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.

For Agrawal Subodh & Co. Chartered Accountants FRN: 319260E

Chetan Kumar Nathani Partner Membership No.:310904 UDIN: 21310904AAAAAT6469

Place: Kolkata Date: 10% May 2021.

			GANGES SECURITIES LIMITED
				Registered Office: P.O. Hargaon, District Sitapur, Uttar Pradesh - 261 121
				Phone (05862) 256220; Fax (05862) 256225, CIN : L74120UP2015PLC069869Web-site : www.birla-sugar.com, E-mail : [email protected]

				Statement of Audited Financial Results for the quarter and year ended 31 March 2021		(Zin lakhs)
	Sr, Pavticulavs	31.03.2021	Quarter ended31,12,2029	31.03.2020	Year ended31.03.2021	31.03.2020
No.		(Refer Note 2)(Audited)	(Unaudited)	(Refer Note 2)(Audited)	(Audited)	(Audited)
	1. Revenue from Operations(a) Interest Income	4.51
	(b) Dividend Income	~	4.4421.535	1.1628.17	10.97482.71	3.8271.08
	Total Revenue from Operations2. Other Income	4.51	25.99	29.33	493.68	74.90
	(a) Rental Income	6.28	6.25	8.33	25.03	27.08
	(b) Other IncomeTotal Other Income	-6.28	18.4724.72	0.02	18,58	0.14
	3. Total Income (1+2)	10.79	50.71	8.3537.68	43.61537.29	27.22102.12
	4. Expenses(a) Cost of raw materials consumed
	(b) Purchases of stock-in-trade	--	:-	-	>-	--
	(c) Change in inventories of finishedgoods		-	-	=	-
	(d) Employee benefits expense(e) Finance costs (net)	-	7.	-	-	-
	(f) Fees and Commission Expenses	3.960.91	3:372.38	3.023.12	7,339.61	13.549.07
	(g) Depreciation and amortisation expense(h) Administrative and Other expenses	0.58	0.60	0.52	2.36	2.25
	Total Expenses	18,0223,47	17,7424.09	17.0223.68	49,0368.33	37.9162.77
	5. Profit / (Loss) before exceptional itemsand tax (3-4)	(12.68)	26.62	14.00	468.96	39.35
	6. Exceptional items7. Profit / (Loss) before tax (5+6)	"
	8. Tax expense	(12.68)	26.62	14.00	468.96	39.35
	(i) Current tax	-	_
	(i) Provision for tax related to earlieryears no longer required written back	0.01		-	(1.61)	-
	(iii) Deferred tax	«i	#	-		~
	Total tax expense9. Net Profit / (Loss) after tax (7-8)	0.01(12.69)	:26.62	-14.00	(1.61)470.57	:39.35

	10.) Other Comprehensive Income			(310.88)	879.15	(413.16)
	(i) Items that will not be reclassifiedsubsequently to profit or loss	9.16	520.03
	(net of tax)
	(ii) Items that will be reclassifiedsubsequently to profit or loss	-	-	-	-	-
	(netof tax)TotalOtherComprehensive Income
	11, Total Comprehensive Income	9.16(3.53)	320.03,546.65	(310.88)(296.88)	879.151,349.72	(413.16)(373,81)
	[comprising net profit / (loss) and othercomprehensiveincome](9+10)
12.)	Paid-up EquityShare Capital(Face value per share F 10)	1,000.37	1,000.37	1,000.37	1,000.37	1,000.37
	13, Other Equity				5,465.49
14.	Earnings per equity share (off 10 each)(in %):					4,115.77
	(a) Basic(b) Diluted	(0.13) (0.13)	0.270.27	0.14O14	4.704.70	0.39

	GANGES SECURITIES LIMITED
	Registered Office: P.O. Hargaon, District Sitapur, Uttar Pradesh - 261 121Phone (05862) 256220; Fax (05862) 256225, CIN : L74120UP2015PLC069869
	Web-site : www.birla-sugar.com, E-mail : [email protected]
	Statement of Assets and Liabilities		(Zin lakhs)
Sr. No.	Particulars	As on 31.03.2021(Audited)	As on 31.03.2020
	A. ASSETS1. Financial Assets
			(Audited)
	(a) Cash and Cash Equivalents	527.95	107.05
	(b) Receivables(I) Trade Receivables	=	"
	(ID) Other Receivables(c) Investments	-	9.00
	(d) Other Financial Assets	6,090.051.14	5,210.900,22
	Total Financial Assets2. Non-financial Assets	6,619.14	5,327.17
	(a) Current Tax Assets (net)	41.99	3.14
	(b) Investment Property	50.85	53.21
	(c) Other Non-financial AssetsTotal Non-financial Assets	33.45126.29	29.9086.22
	TOTAL ASSETS	6,745.43	5,413.39
	B. LIABILITIES AND EQUITY1, LIABILITIES
	Financial Liabilities
	(a) Payables(1) Trade Payables
	(i) total outstanding dues of micro enterprises and small enterprises
	(i) total outstanding dues of creditors other than micro enterprises and small enterprises	ie3.10	*
	(b) Subordinated Liabilities	247.12	7.93258.47
	(c) Other Financial LiabilitiesTotai Financial Liabilities	29.25	30.36
	Non-financial Liabilities	279,47	296.76
	(a) Other Non-financial Liabilities	0.10
	Total Non-financial Liabilities	0.10	0.490.49
	Total Liabilities2. EQUITY	279.57	297.25
	(a) Equity Share Capital
	{b) Other Equity	1,000.375,465.49	1,000.374,115.77
	Total Equity	6,465.86	5,116.14
	TOTAL EQUITY AND LIABILITIES	6,745.43	5,413.39

Notes:
--------	--	--	--	--

	GANGES SECURITIES LIMITED
	Registered Office: P.O, Hargaon, District Sitapur, Uttar Pradesh - 26] 121Phone (05862) 255220; Fax (05862) 256225, CIN : L74120UP2015PLC069869
	Web-site : www.birla-sugar.com, E-mail : [email protected]
1,	Statement of Cash Flows for year ended 31 March 2021
	Pacticilars	Year ended	Year ended
		31.03.2021(Audited)	(@ in lakhs)31.03.2020(Audited)
	(A) CASH FLOW FROM OPERATING ACTIVITIES:Profit before tax
	Adjustments for:	468.96	39.35
	Unspent liabilities and excess provision written back	(18.47)	5
	Depreciation expenseFinance Costs	2.36	2.25
	Loss on sale / discard of Property, Plant and Equipment (net)	7.33-	13.543.34
		460,18	58.48
	Working capital adjustments:Decrease / (Increase) in Receivables
	(Increase) in Other Financial Assets	9.00	(9.00)
	(Increase) in Other Non-financial Assets	(0.92)(3.55)	(0.18)(0,64)
	(Decicase) / Increase in Payables	(4.83)	4.07
	(Decrease) in Other Financial Liabilities	(i.11)	=
	(Decrease) in Other Non-financial LiabilitiesCash Generation from Operations	(0.39)	(0.96)
	Income tax paid (net of refund)	458.38	SL77
	Net Cash generated from Operating Activities	(37.27)	(1.41)
	(B) CASH FLOW FROM INVESTING ACTIVITIES:	421.11	50.36
	Proceeds on maturity of Bank deposits	-	44.50
	Net Cash generated from Investing Activities	-	44.50
	(C) CASH FLOW FROM FINANCING ACTIVITIES:Interest paid on Income Tax
	Net Cash used in Financing Activities	(0.21)	>
	Net Changes in Cash & Cash Equivalents (A+B+C)	(0.21)	-
	Cash & Cash Equivalents at the beginning of the yearCash & Cash Equivalents at the end of the year	420.90107.05	94.8612.19

Statement of Cash Flows has been prepared under the "Indirect Method" as set out in Ind AS 7 "Statement of Cash Flows".

The figures of the last quarter for the current year and for the previous year arz the balancing figures between the audited figures in respect year of full financial ended 31 March and the published year to date reviewed figures upto the end of the third quarter ended 31 December,
The Company has only one business segment i.e. Investing Business and as such segment reporting as required by Ind AS 108 "Operating Segments" is not applicable,

1. The possible impacts of COVID-19, if any, have been considered in the above financial results, including internal and external factors known upto the date of approval of these results, to assess the carrying amount of assets and liabilities of the Company. Accordingly as on date, no material impact is anticipated in the aforesaid carrying amounts. However, the impact of COVID-19 may be different from that estimated as at the date of approval of these financial results and the Company will continue to closely monitor any material changes in future economic conditions,
1. The Company is in the process of obtaining necessary approvals from various concemed authorities in respect of the proposed merger of Uttar Pradesh Trading Company Limited (a wholly owned subsidiary) with itself. Pending such approvals, no effect thereof has been considered in these financial results. During the current year, the Company has made an application to Reserve Bank of India for registration as Non Banking Financial Company.
1. The Equity Shares of the Company has been delisted from The Calcutta Stock Exchange Ltd, w.e.f. 26 February 2021.
1. 1. The above audited financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 10 May
1. The figure of the previous periods / year has been regrouped / reclassified; wherever necessary, to conform to the classification for the quarter and year ended 31 March 2021.

Place: Kolkata Date: 10" May, 2021

For and on behalf of the Board of Directors Ganges Securities Limited Santo; a Director DIN: 00055786

301, Victory House, 3rd Floor ], Ganesh Chandra Avenue, Kolkata - 700 013 Phone : 2225-9430/31/32 E-mail : [email protected] Website : www.asnco.in

Independent Auditor's Report on the Quarterly and Year to Date Consolidated Ind AS Financial Results of the Company Pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

To The Board of Directors of Ganges Securities Limited

Report on the audit of the Consolidated Ind AS Financial Results