GANGES SECURITIES LIMITED

CIN – L74120UP2015PLC069869 REGD. OFFICE - P.O. HARGAON, DIST SITAPUR (U.P.), PIN – 261 121 Phone No. (05862) 256220-221; Fax No.: (05862) 256 225

E-mail – [email protected]; Website-www.birla-sugar.com

August 14, 2024

The Secretary National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor Plot No. C/1, G Block Bandra- Kurla Complex, Bandra (E) Mumbai 400 051

The Dy. General Manager Corporate Relationship Department BSE Ltd. 1st Floor, New Trading Ring, Rotunda Building P.J. Towers, Dalal Street, Fort, Mumbai-400 001

Symbol : GANGESSECU

Stock Code : 540647

Dear Sir,

Sub: Outcome of Board Meeting held on August 14, 2024

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. August 14, 2024 has inter-alia considered and approved the following:

• a. the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter year ended June 30, 2024. A copy of Unaudited Financial Results along with Auditor's Limited Report thereon is enclosed for your records;
• b. appointment of M/s MR & Associates, Practising Company Secretaries as Secretarial Auditors of the Company for the financial year 2024-25. M/s M R & Associates is a firm of Practising Company Secretaries set up in 1996 and is engaged in practice of corporate laws for over 27 years.

The meeting commenced at 4:30 p.m. and concluded at 5:10 p.m.

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

Thanking you

Yours faithfully, For Ganges Securities Limited Vijaya Agarwala VIJAYA AGARWALA Digitally signed by VIJAYA AGARWALA Date: 2024.08.14 17:24:44 +05'30'

Company Secretary ACS 38658

Encl.: a/a

GANGES SECURITIES LIMITED

Registered Office: P.O. Hargaon, District Sitapur, Uttar Pradesh - 261 121 Phone (05862) 256220; Fax (05862) 256225, CIN : L74120UP2015PLC069869 'Web-site : www.birla-sugar.com, E-mail : [email protected]

GANGES SECURITIES LIMITED Registered Offce: P.0. Hargaon, District Sitapur, Uttar Pradesh - 261 121

Phone (05862) 256220; Fax (05862) 256225, CIN : L74120UP2015PLC069869 'Web-site : www.birla-sugar.com, E-mail : gangessccurities @birlasugar.org

Notes:

• 1. The figures of the quarter ended 31 March 2024 are the balancing figures between the audited figures in respect of full financial year ended 31 March 2024 and the published yoar to date reviewed figures upto the end of the third quarter ended 31 December 2023,
• 1. The Company has only one business segment i.. Investing Busincss and as such segment reporting as required by Ind AS 108 *Operating Segments" is not applicable.
• 1. The results of the company have been propared in accordance with Indian Accounting Standards ("Ind AS") as prescribed under section 133 of Companics Act, 2013 read with companies (Indian Accounting Standard) Rules, 2015 and relevent amendment rules there afier
• 1. The above results have been reviewed by the Audit Committec and approved by the Board of Directors at its meeting held on 14 August, 2024. The Limited Review of the same has been carried out by the statatory auditors, pursuant o Regulation 33 of SEBI (LODR) Regulation 2015, as amended.
• 1. The figure of the provious periods has been regrouped / reclassified, wherever necossary, to conform to the classification for the quarter ended 30 June 2024,

For and on behalf of the Board of Directors Ganges Securities \LLWM E

Urvi Mittal Place: Kolkata Managing Director Date: 14th August, 2024 DIN: ^02780842

Chartered Accountants

5-A, Nandalal Jew Road, Kolkata-700026 (India) Phone : +91 33 2476 5068 « E-mail : [email protected]

Independent Auditor's Limited Review Report on the Quarterly Unaudited Standalone Financial Results of Ganges Securities Limited for the quarter ended June 30, 2024, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to 'The Board of Directors Ganges Securities Limited

• 1. Wehave reviewed the accompanying statement of unaudited standalone financial results of M/s. Ganges Securities Limited (the 'Company') for the quarter ended June 30, 2024 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the Listing Regulation').
• 1. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors in their meeting held on August 14, 2024, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India (ICAI). This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
• 1. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the applicable Indian Accounting Standards ('Ind AS") specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued there under and other recognized accounting practices and policies, has not disclosed the information requ.;red to be disclosed in terms of the Listing Regulation, including the manner in which it is to be disclosed, or that it contains any material misstatement.
• 1. The figures for the quarter ended March 31, 2024 as reported in the Statement, being the balancing figure between the audited figures in respect of the full financial year ended on March 31, 2024 and the published unaudited year to date figures up to the third quarter ended December 31, 2023. Also, the figures up to end of the third quarter had only been reviewed by us, as required under the Listing regulations and not subjected to audit.

ForJKVS&CO Chartered Accountants Firm Registration No. 318086E

(Roou So.-.-&- ' Utsav Saraf Partner / Membership No. 306932

=~ ' UDIN: 24306932BKFCM02168 Place: Kolkata Dated: Augyst 14, 2024

GANGES SECURITIES LIMITED

Registered Office: P.O. Hargaon, District Sitapur, Uttar Pradesh - 261 121 Phone (05862) 256220; Fax (05862) 256225, CIN : L74120UP201 SPLC069869 'Web-site : www.birla-sugar.com, E-mail : gangessecurities@birlasugar org

GANGES SECURITIES LIMITED Registered Office: P.O. Hargaon, District Stapur, Uttar Pradesh - 261 121

Phone (05862) 256220; Fax (05862) 256225, CIN : L74120UP2015PLC069869 'Website : wwrw. birla-sugar.com, E-mail : [email protected]

Notes:

• 1. The figures of the quarter ended 31 March 2024 are the balancing figures between the audited figures in respect of full financial year ended 31 March 2024 and the published year to date reviewed figures upto the end of the third quarter ended 31 December 2023.
• 1. These consolidated financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) as per the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to time) notified under Section 133 of the Companies Act, 2013 (*Act') and other relevant provisions of the Act and comprise the financial results of the Company and Cinnatolliah Tea Limited, being wholly owned subsidiary of the Company.
• 1. The above results have been reviewed by the Audit Committee and approved by the Board of Dircctors at its meeting held on 14 August, 2024. The Limited Review of the same has been carried out by the stafutory auditors, pursuant to Regulation 33 of SEBI (LODR) Regulation 2015, as amended
• 1. The figure of the previous periods has been regrouped / reclassified, wherever necessary, to conform to the classification for the quarter ended 30 June 2024,

Ganges Securities Limited

For and on behalf of the Board of Directors

Chartered Accountants

5-A, Nandalal Jew Road, Kolkata-700026 (India) Phone : +91 33 2476 5068 + E-mail : [email protected]

Independent Auditor's Limited Review Report on the Quarterly Unaudited Consolidated Financial Results of Ganges Securities Limited for the quarter ended June 30, 2024, pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to The Board of Directors Ganges Securities Limited

• 1. We have reviewed the accompanying unaudited consolidated financial results of M/s. Ganges Securities Limited ("the Holding Company") and its subsidiary (the Holding Company and its subsidiary together referred to as "the Group") for the quarter ended June 30, 2024 which are included in the accompanying 'Consolidated Statement" of profit and loss for the quarter ended June 30, 2024 ("the Statement"). The statement is being submitted by the Holding Company pursuant to the requirement of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ("the Regulation").
• 1. This Statement, which is the responsibility of the Holding Company's Management and approved by the Holding Company's Board of Directors in their meeting held on August 14, 2024, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under section 133, of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review.
• 1. We conducted our review of the Statement in accordance with the Standard on Review Engagement (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity," issued by Institute of Chartered Accountants of India (ICAI). This Standard requires that we plan and perform the review to obtain moderate assurance as to whether the statement s free of material misstatement. A review is substantially less in scope than an audit conducted in accordance with the Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

1. The Statement includes the financial results of the following entity:

1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review report of other auditor in respect of one subsidiary referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the applicable Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013, as amended read with relevant rules issued there under and other recognized accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Regulation, read with the Circular, including the manner in which itis to be disclosed, or that it contains any material misstatement.

6. Other Matters:

We did not review the interim financial statement of one ("1") subsidiary included in the statement, whose interim financial statement reflect total revenue of Rs. 706.70 Lakhs, total net profit of Rs. 115.62 Lakhs and total comprehensive profit of Rs. 77.49 Lakhs for the quarter ended 30 June 2024 and as considered in the consolidated unaudited financial results. This financial result has been reviewed by other auditor, whose results has been furnished to us by the management. Our conclusion in so far as it relates to the amount and disclosures included in respect of this subsidiary is based solely on the report of the other auditor and procedure performed by us as stated in paragraph 3 above.

ForJKVS&CO Chartered Accountants Firm Registration No. 318086E

(€N &A.m{r -

Utsav Saraf Partner Membership No. 306932 UDIN: 24306932BKFCMP4322

Place: Kolkata Dated: August 14, 2024