76358531360

GOLECHHA GLOBAL FINANCE LTD
Regd. Office: 522, Tobacco House, 1, Old Court House Corner, Kolkata - 700 001
Tel. : 91-33-2248 3331, 2230 7018, 2213 1698, 4005 2446
E-mail: [email protected]/[email protected]
CIN : L65191WB1991PLC201747
To Date: 06.09.2022
The Secretary,
Listing Department,
The BSE Limited,
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai – 400 001
Dear Sir,
Sub: -Submission of Annual Report for the Financial Year - 2020-21

Ref: Regulation 34(1) of SEBI (Listing Obligation and Disclosure Requirements), Regulations, 2015
Ref: Scrip ID: 531360
Pursuant to Regulation 34(1) of the Securities and Exchange Board of India (Listing Obligations and
Disclosure Requirements), Regulations, 2015, we are enclosing here with, Annual Report of the
Company along with Notice of Annual General Meeting of the Company for the Financial Year 2021-22
This is for your information and records.
Thanking you.
For Golechha Global Finance Limited

GYAN Digitally signed by
GYAN SWAROOP
SWAROOP GARG
Date: 2022.09.06
GARG 21:07:59 +05'30'
Gyan Swaroop Garg
Managing Director
DIN: 00602659
31st
ANNUAL REPORT
2021-22
GOLECHHA GLOBAL FINANCE LIMITED

INDEX
Contents : Page No.
Corporate Information 02
Notice 03
Directors Report 15
Secretarial Auditors Report 27
Management Discussion and Analysis Report 32
Independent Auditors Report 35
Balance Sheet 44
Statement of Profit & Loss Account 45
Cash Flow Statement 46
Schedules forming part of accounts 48
1
CORPORATE INFORMATION
BOARD OF DIRECTORS
 Sri. Gyan Swaroop Garg : Managing Director
 Sri. Divya Garg : Director
 Sri. Mihir Ranjan Pal : Whole Time Director & CFO
 Sri. Devendra Kumar Garg : Independent Director
 Smt. Durga Ramakrishnan : Independent Director
Ms. Aditi Bajaj : Company Secretary

Audit Committee:
 Sri. Devendra Kumar Garg : Chairman
 Smt. Durga Ramakrishnan : Member
 Sri. Divya Garg : Member
Shareholder's Relationship committee
 Sri. Divya Garg : Chairman
 Sri. Devendra Kumar Garg : Member
Nomination and Remuneration Committee
 Sri. Devendra Kumar Garg : Chairman
 Sri. Divya Garg : Member
STATUTORY AUDITORS : B D S & Co.
Chartered Accountants
Kolkata
INTERNAL AUDITORS : Goyal Y.K & Associates
Kolkata
REGISTERED OFFICE : 522, Tobacco House, (5th Floor) No. 1,
Old Court House Corner, Kolkata,
West Bengal - 700001
CIN : L65191WB1991PLC201747
BANKERS : ICICI Limited
LISTED AT : The BSE Limited
REGISTRARS & SHARE TRANSFER AGENTS : M/s. Cameo Corporate services Ltd
No.1, Club House Road
Subramanian Building
Chennai - 600002
SECRETARIAL AUDITOR : M/s. Disha Dugar
Company Secretary
2, Synagogue Street,
2nd Floor, Kolkata - 700 001
2
NOTICE
Notice is hereby given that the Thirty First Annual General Meeting of the members of the Company
will be held on Wednesday the 28th September, 2022 at 11.00 A.M through Video Conference ("VC")/
Other Audio Visual Means ("OAVM") facility to transact the following business:
ORDINARY BUSINESS:
1. To receive, consider and adopt the Audited Balance Sheet of the Company as at 31st March,
2022 and the Statement of Profit and Loss Account for the financial year ended and Cash
Flow Statement for the year ended along with the Report of Directors and the Auditors
thereon.
2. To appoint a Director in the place of Mr. Divya Garg, who retires by rotation and being
eligible offers himself for re-appointment.
By The Order Of The Board

Sd/-
Gyan Swaroop Garg
Place : Kolkata Chairman & Managing Director
Date : 12.08.2022 (DIN: 00602659)
3
NOTES FOR MEMBERS

1. In view of the continuing Covid-19 pandemic, the Ministry of Corporate Affairs has permitted
the holding of the Annual General Meeting through Video conferencing mode, without the
physical presence of the Members at a common venue. In compliance with the provisions of
the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements)
Regulations,2015 and MCA Circulars dated May 5 2022, read with circulars dated December8,
2021 ; June 23, 2021December 31, 2020;April 8, 2020 ; September 28, 2020;June 15, 2020
;April 13, 2020 and the Securities and Exchange Board of India Circulars dated May 13,
2022;January 15, 2021 and May 12, 2020 the AGM of the Company is being held through
Video conferencing (VC).
2. Pursuant to the provisions of the Act, a Member entitled to attend and vote at the AGM is
entitled to appoint a proxy to attend and vote on his/her behalf and the proxy need not be a
Member of the Company. Since this AGM is being held pursuant to the MCA Circulars through
VC, physical attendance of Members has been dispensed with. Accordingly, the facility for
appointment of proxies by the Members will not be available for the AGM and hence the
Proxy Form and Attendance Slip are not annexed to this Notice.
3. The Additional Information pursuant to 1.2.5 of the Secretarial Standard on General Meetings
(SS- 2) regarding Director seeking appointment mentioned in Item No. 2 is also annexed
hereto.
4. Institutional / Corporate Shareholders (i.e. other than individuals / HUF, NRI, etc.) are required
to send a scanned copy of its Board or governing body Resolution/Authorization etc.,
authorizing its representative to attend the AGM through VC on its behalf and to vote through
remote e-voting. The said Resolution/Authorization shall be sent to the Scrutinizer by email
through its registered email address to calp [email protected] or [email protected]
5. The Register of Members and Transfer Books of the Company will be closed from Thursday,
22 nd September, 2022, to Wednesday 28th September, 2022 (both days inclusive).
6. Members can avail the facility of nomination in respect of shares held by them in physical
form pursuant to the provisions of Section 72 of the Companies Act, 2013. Members desiring
to avail this facility may send their nomination in the prescribed Form No. SH-13 duly filled in
to RTA of the Company. Members holding shares in electronic form may contact their
respective Depository Participants for availing this facility.
7. The Securities and Exchange Board of India (SEBI) has made it mandatory for all companies
to use the bank account details furnished by the Depositories and the bank account details
maintained by the Registrar and Transfer Agents for payment of dividend to Members
electronically. The Company has extended the facility of electronic credit of dividend directly
to the respective bank accounts of the Member(s) through the Electronic Clearing Service
(ECS)/National Electronic Clearing Service (NECS)/Real Time Gross Settlement (RTGS)/
Direct Credit, etc. As directed by SEBI, the Members holding shares in physical form are
requested to submit particulars of their bank account along with the original cancelled cheque
bearing the name of the Member to RTA/Company to update their Bank Account details.
Members holding shares in demat form are requested to update their Bank Account details
with their respective Depository Participant.
8. SEBI has decided that securities of listed companies can be transferred only in dematerialised
form. In view of the above and to avail various benefits of dematerialisation, Members are
advised to dematerialise the shares held by them in physical form.
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9. Pursuant to Sections 101 and 136 of the Companies Act, 2013 read with the Rules framed
thereunder, the Notice calling the Annual General Meeting along with the Annual Report
2021-22 would be sent by electronic mode to those Members whose e-mail addresses are
registered with the Depository or the Company/RTA. Members are requested to support this
Green Initiative by registering/updating their e-mail addresses with the Depository Participant
(in case of Shares held in dematerialised form) or with RTA (in case of Shares held in physical
form). For any communication, the Members may also send requests to the Company's
email id: [email protected].
10. Members desirous of getting any information about the accounts and / or operations of the
company are requested to write to the company at least seven days before the date of the
Meeting to enable the company to keep the information ready at the Meeting.
11. In Compliance with the MCA circulardatedMay 5, 2022 and SEBI Circular dated May 13,
2022, Notice of the AGM along with the Annual Report 2021-22 is being sent only through
electronic mode to those Members whose email addresses are registered with the Company.
Members may note that the Notice and Annual Report 2021-22 will also be available on the
website of the Company www.golechhaglobal.com, website of BSE i.ewww.bseindia.com
and on the website of CDSL, www.evotingindia.com.
12. Members attending the AGM through VC shall be counted for the purpose of reckoning the
quorum under Section 103 of the Act.
13. Since the AGM will be held through VC, the Route Map is not annexed in this Notice.
14. Members are requested to :-
(a) intimate to RTA, changes, if any, in their registered addresses at an early date, in case
of shares held in physical form;
(b) intimate to the respective Depository Participant, changes, if any, in their registered
addresses at an early date, in case of shares held in dematerialised form;
(c) quote their folio numbers/Client ID/DP ID in all correspondence;
(d) Consolidate their holdings into one folio in case they hold Shares under multiple folios
in the identical order of names; and
(e) register their Permanent Account Number (PAN) with their Depository Participants, in
case of Shares held in dematerialised form and RTA/ Company, in case of Shares held
in physical form, as directed by SEBI.
(f) CDSL e-Voting System - For e-voting and Joining Virtual meetings.
(g) As you are aware, in view of the situation arising due to COVID-19 global pandemic, the
general meetings of the companies shall be conducted as per the guidelines issued by
the Ministry of Corporate Affairs (MCA) vide Circular No. 2/2022 dated May 5, 2022,
Circular No. 14/2020 dated April8, 2020, Circular No. 17/2020 dated April 13, 2020,
Circular No. 33/2020 dated September28, 2020, Circular No. 39/2020 dated December
31, 2020, Circular No. 10/2021 dated June 23, 2021,Circular No. 20/2021 dated
December 08, 2021 The forthcoming AGM will thus be held through video conferencing
(VC) or other audio visual means (OAVM). Hence, Members can attend and participate
in the ensuing AGM through VC/OAVM
(h) Pursuant to the provisions of Section 108 of the Companies Act, 2013 read with Rule 20
of the Companies (Management and Administration) Rules, 2014 (as amended) and
Regulation 44 of SEBI (Listing Obligations & Disclosure Requirements) Regulations
2015 (as amended), and MCA Circulars dated May 5, 2022,April 08, 2020, April 13,
5
2020, May 05, 2020 and vide Circular No. 02/2021 dated 13th January, 2021 the
Company is providing facility of remote e-voting to its Members in respect of the business
to be transacted at the AGM. For this purpose, the Company has entered into an
agreement with Central Depository Services (India) Limited (CDSL) for facilitating voting
through electronic means, as the authorized e-Voting's agency. The facility of casting
votes by a member using remote e-voting as well as the e-voting system on the date of
the AGM will be provided by CDSL.
(i) The Members can join the AGM in the VC/OAVM mode 15 minutes before and after the
scheduled time of the commencement of the Meeting by following the procedure
mentioned in the Notice. The facility of participation at the AGM through VC/OAVM will
be made available to atleast 1000 members on first come first served basis. This will
not include large Shareholders (Shareholders holding 2% or more shareholding),
Promoters, Institutional Investors, Directors, Key Managerial Personnel, the Chairpersons
of the Audit Committee, Nomination and Remuneration Committee and Stakeholders
Relationship Committee, Auditors etc. who are allowed to attend the AGM without
restriction on account of first come first served basis.
(j) The attendance of the Members attending the AGM through VC/OAVM will be counted
for the purpose of ascertaining the quorum under Section 103 of the Companies Act,
2013.
(k) Pursuant to MCA Circular No. Circular No. 2/2022 dated May 5, 2022 ,14/2020 dated
April 08, 2020, the facility to appoint proxy to attend and cast vote for the members is
not available for this AGM. However, in pursuance of Section 112 and Section 113 of the
Companies Act, 2013, representatives of the members such as the President of India or
the Governor of a State or body corporate can attend the AGM through VC/OAVM and
cast their votes through e-voting.
(l) In line with the Ministry of Corporate Affairs (MCA) Circular No. 2/2022 dated May 5,
2022, Circular No. 17/2020 dated April 13, 2020, the Notice calling the AGM has been
uploaded on the website of the Company at www.golechhaglobal.com. The Notice can
also be accessed from the websites of the Stock Exchanges i.e. BSE Limited at
www.bseindia.com. The AGM Notice is also disseminated on the website of CDSL
(agency for providing the Remote e-Voting facility and e-voting system during the AGM)
i.e. www.evotingindia.com.
The AGM has been convened through VC/OAVM in compliance with applicable provisions
of the Companies Act, 2013 read with MCA Circular No. 2/2022 dated May 5, 2022 ,
Circular No. 14/2020 dated April 8, 2020, MCA Circular No. 17/2020 dated April 13,
2020, MCA Circular No. 20/2020 dated May 05, 2020,vide MCA Circular No. 02/2021
dated 13th January, 2021In continuation of this SEBI Circular dated May 13, 2022
allowed companies to convene AGM VC/OAVM
THE INTRUCTIONS OF SHAREHOLDERS FOR E-VOTING AND JOINING VIRTUAL
MEETINGS ARE AS UNDER:
(i) The voting period begins on Sunday, September 25, 2022 at 9.00 hrs and ends on
Tuesday, September 27 at 17.00 hrs. During this period shareholders' of the Company,
holding shares either in physical form or in dematerialized form, as on the cut-off dateie,
Wednesday, September 21, 2022, may cast their vote electronically. The e-voting module
shall be disabled by CDSL for voting thereafter.
(ii) Shareholders who have already voted prior to the meeting date would not be entitled to
vote at the meeting venue.
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(iii) Pursuant to SEBI Circular No. SEBI/HO/CFD/CMD/CIR/P/2020/242 dated
09.12.2020,under Regulation 44 of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, listed entities are required
to provide remote e-voting facility to its shareholders, in respect of all shareholders'
resolutions. However, it has been observed that the participation by the public non-
institutional shareholders/retail shareholders is at a negligible level.
Currently, there are multiple e-voting service providers (ESPs) providing e-voting facility
to listed entities in India. This necessitates registration on various ESPs and maintenance
of multiple user IDs and passwords by the shareholders.
In order to increase the efficiency of the voting process, pursuant to a public consultation,
it has been decided to enable e-voting to all the demat account holders, by way of a
single login credential, through their demat accounts/ websites of Depositories/
Depository Participants. Demat account holders would be able to cast their vote without
having to register again with the ESPs, thereby, not only facilitating seamless
authentication but also enhancing ease and convenience of participating in e-voting
process.
(iv) In terms of SEBI circular no. SEBI/HO/CFD/CMD/CIR/P/2020/242 dated December 9,
2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding
securities in demat mode are allowed to vote through their demat account maintained
with Depositories and Depository Participants. Shareholders are advised to update their
mobile number and email Id in their demat accounts in order to access e-Voting facility.
Pursuant to above said SEBI Circular, Login method for e-Voting and joining virtual
meetings for Individual shareholders holding securities in Demat mode CDSL/NSDL is
given below:
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Type of
Login Method
shareholders
Individual 1) Users who have opted for CDSL Easi / Easiest facility, can login
Shareholders through their existing user id and password. Option will be made
holding available to reach e-Voting page without any further authentication.
securities in The URL for users to login to Easi / Easiest are https://
Demat mode web.cdslindia.com/myeasi/home/login or visit www.cdslindia.com
with CDSL and click on Login icon and select New System Myeasi.
2) After successful login the Easi / Easiest user will be able to see the
e-Voting option for eligible companies where the evoting is in
progress as per the information provided by company. On clicking
the evoting option, the user will be able to see e-Voting page of the
e-Voting service provider for casting your vote during the remote e-
Voting period or joining virtual meeting & voting during the meeting.
Additionally, there is also links provided to access the system of all
e-Voting Service Providers i.e. CDSL/NSDL/KARVY/LINKINTIME,
so that the user can visit the e-Voting service providers' website
directly.
3) If the user is not registered for Easi/Easiest, option to register is
available at https://web.cdslindia.com/myeasi/Registration/
EasiRegistration
4) Alternatively, the user can directly access e-Voting page by provid-
ing Demat Account Number and PAN No. from a e-Voting link avail-
able on www.cdslindia.com home page or click on https://
evoting.cdslindia.com/Evoting/EvotingLogin The system will authen-
ticate the user by sending OTP on registered Mobile & Email as
recorded in the Demat Account. After successful authentication, user
will be able to see the e-Voting option where the evoting is in progress
and also able to directly access the system of all e-Voting Service
Providers.
Individual 1) If you are already registered for NSDL IDeAS facility, please visit
Shareholders the e-Services website of NSDL. Open web browser by typing the
holding following URL: https://eservices.nsdl.com either on a Personal Com-
securities in puter or on a mobile. Once the home page of e-Services is launched,
demat mode click on the "Beneficial Owner" icon under "Login" which is avail-
with NSDL able under 'IDeAS' section. A new screen will open. You will have to
enter your User ID and Password. After successful authentication,
you will be able to see e-Voting services. Click on "Access to e-
Voting" under e-Voting services and you will be able to see e-Voting
page. Click on company name or e-Voting service provider name
and you will be re-directed to e-Voting service provider website for
casting your vote during the remote e-Voting period or joining virtual
meeting & voting during the meeting.
2) If the user is not registered for IDeAS e-Services, option to register
is available at https://eservices.nsdl.com. Select "Register Online
for IDeAS "Portal or click at https://eservices.nsdl.com/SecureWeb/
8
IdeasDirectReg.jsp
3) Visit the e-Voting website of NSDL. Open web browser by typing the follow-
ing URL: https://www.evoting.nsdl.com/ either on a Personal Computer or
on a mobile. Once the home page of e-Voting system is launched, click on
the icon "Login" which is available under 'Shareholder/Member' section. A
new screen will open. You will have to enter your User ID (i.e. your sixteen
digit demat account number hold with NSDL), Password/OTP and a Verifi-
cation Code as shown on the screen. After successful authentication, you
will be redirected to NSDL Depository site wherein you can see e-Voting
page. Click on company name or e-Voting service provider name and you
will be redirected to e-Voting service provider website for casting your vote
during the remote e-Voting period or joining virtual meeting & voting during
the meeting
Individual Youcan also login using the login credentials of your demat account through
Shareholders your Depository Participant registered with NSDL/CDSL for e-Voting facil-
(holding ity. After Successful login, you will be able to see e-Voting option. Once you
securities in click on e-Voting option, you will be redirected to NSDL/CDSL Depository
demat mode) site after successful authentication, wherein you can see e-Voting feature.
login through Click on company name or e-Voting service provider name and you will be
their Depository redirected to e-Voting service provider website for casting your vote during
Participants the remote e-Voting period or joining virtual meeting & voting during the
meeting.
Important note: Members who are unable to retrieve User ID/ Password are advised to use Forget
User ID and Forget Password option available at abovementioned website.
Helpdesk for Individual Shareholders holding securities in demat mode for any technical issues related
to login through Depository i.e., CDSL and NSDL
Login type Helpdesk details

Individual Shareholders holding Members facing any technical issue in login can contact CDSL
securities in Demat mode with helpdesk by sending a request at
CDSL [email protected] contact at 022- 23058738
and 22-23058542-43
Individual Shareholders holding Members facing any technical issue in login can contact NSDL
securities in Demat mode with helpdesk by sending a request at [email protected] or call at
NSDL toll free no.: 1800 1020 990 and 1800 22 44 30
9
(v) Login method for e-Voting and joining virtual meetings for Physical shareholders and shareholders
other than individual holding in Demat form.
1) The shareholders should log on to the e-voting website www.evotingindia.com.
2) Click on “Shareholders” module.
3) Now enter your User ID
a. For CDSL: 16 digits beneficiary ID,
b. For NSDL: 8 Character DP ID followed by 8 Digits Client ID,
c. Shareholders holding shares in Physical Form should enter Folio Number registered
with the Company.
4) Next enter the Image Verification as displayed and Click on Login.
5) If you are holding shares in demat form and had logged on to www.evotingindia.com and
voted on an earlier e-voting of any company, then your existing password is to be used.
6) If you are a first-time user follow the steps given below:
For Physical shareholders and other than individual shareholders holding

shares in Demat.
PAN Enter your 10 digit alpha-numeric *PAN issued by Income Tax Department
(Applicable for both demat shareholders as well as physical shareholders)
 Shareholders who have not updated their PAN with the Company/
Depository Participant are requested to use the sequence number sent by
Company/RTA or contact Company/RTA.
Dividend Enter the Dividend Bank Details or Date of Birth (in dd/mm/yyyy format) as
Bank recorded in your demat account or in the company records in order to login.
Details  If both the details are not recorded with the depository or company, please
OR Date enter the member id / folio number in the Dividend Bank details field.
of Birth
(DOB)
(vi) After entering these details appropriately, click on “SUBMIT” tab.

(vii) Shareholders holding shares in physical form will then directly reach the Company selection
screen. However, shareholders holding shares in demat form will now reach 'Password Creation'
menu wherein they are required to mandatorily enter their login password in the new password
field. Kindly note that this password is to be also used by the demat holders for voting for
resolutions of any other company on which they are eligible to vote, provided that company opts
for e-voting through CDSL platform. It is strongly recommended not to share your password with
any other person and take utmost care to keep your password confidential.
(viii) For shareholders holding shares in physical form, the details can be used only for e-voting on
the resolutions contained in this Notice.
(ix) Click on the EVSN for the relevant <Company Name> on which you choose to vote.
(x) On the voting page, you will see "RESOLUTION DESCRIPTION" and against the same the
option "YES/NO" for voting. Select the option YES or NO as desired. The option YES implies
that you assent to the Resolution and option NO implies that you dissent to the Resolution.
10
(xi) Click on the "RESOLUTIONS FILE LINK" if you wish to view the entire Resolution details.
(xii) After selecting the resolution, you have decided to vote on, click on "SUBMIT". A confirmation
box will be displayed. If you wish to confirm your vote, click on "OK", else to change your vote,
click on "CANCEL" and accordingly modify your vote.
(xiii) Once you "CONFIRM" your vote on the resolution, you will not be allowed to modify your vote.
(xiv) You can also take a print of the votes cast by clicking on "Click here to print" option on the Voting
page.
(xv) If a demat account holder has forgotten the login password then Enter the User ID and the
image verification code and click on Forgot Password & enter the details as prompted by the
system.
(xvi) Additional Facility for Non - Individual Shareholders and Custodians -For Remote Voting
only.
 Non-Individual shareholders (i.e. other than Individuals, HUF, NRI etc.) and Custodians are
required to log on to www.evotingindia.com and register themselves in the “Corporates”
module.
 A scanned copy of the Registration Form bearing the stamp and sign of the entity should
be emailed to [email protected].
 After receiving the login details a Compliance User should be created using the admin
login and password. The Compliance User would be able to link the account(s) for which
they wish to vote on.
 The list of accounts linked in the login should be mailed to
[email protected] and on approval of the accounts they would be able to
cast their vote.
 A scanned copy of the Board Resolution and Power of Attorney (POA) which they have
issued in favour of the Custodian, if any, should be uploaded in PDF format in the system
for the scrutinizer to verify the same.
 Alternatively Non Individual shareholders are required to send the relevant Board Resolution/
Authority letter etc. together with attested specimen signature of the duly authorized signatory
who are authorized to vote, to the Scrutinizer and to the Company at the email address viz;
[email protected] (designated email address by company), if they have voted from
individual tab& not uploaded same in the CDSL e-voting system for the scrutinizer to verify
the same.
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INSTRUCTIONS FOR SHAREHOLDERS ATTENDING THE AGM THROUGH VC/OAVM & E-VOTING
DURING MEETING ARE AS UNDER:
1. The procedure for attending meeting & e-Voting on the day of the AGM is same as the instructions
mentioned above for e-voting.
2. The link for VC/OAVM to attend meeting will be available where the EVSN of Company will be
displayed after successful login as per the instructions mentioned above for e-voting.
3. Shareholders who have voted through Remote e-Voting will be eligible to attend the meeting.
However, they will not be eligible to vote at the AGM.
4. Shareholders are encouraged to join the Meeting through Laptops / IPads for better experience.
5. Further shareholders will be required to allow Camera and use Internet with a good speed to
avoid any disturbance during the meeting.
6. Please note that Participants Connecting from Mobile Devices or Tablets or through Laptop
connecting via Mobile Hotspot may experience Audio/Video loss due to Fluctuation in their
respective network. It is therefore recommended to use Stable W i-Fi or LAN Connection to
mitigate any kind of aforesaid glitches.
7. Shareholders who would like to express their views/ask questions during the meeting may register
themselves as a speaker by sending their request in advance atleast 6 days prior to meeting
mentioning their name, demat account number/folio number, email id, mobile number at (company
email id). The shareholders who do not wish to speak during the AGM but have queries may
send their queries in advance 6 days prior to meeting mentioning their name, demat account
number/folio number, email id, mobile number at [email protected]. These queries
will be replied to by the company suitably by email.
8. Those shareholders who have registered themselves as a speaker will only be allowed to express
their views/ask questions during the meeting.
9. Only those shareholders, who are present in the AGM through VC/OAVM facility and have not
casted their vote on the Resolutions through remote e-Voting and are otherwise not barred from
doing so, shall be eligible to vote through e-Voting system available during the AGM.
10. If any Votes are cast by the shareholders through the e-voting available during the AGM and if
the same shareholders have not participated in the meeting through VC/OAVM facility, then the
votes cast by such shareholders shall be considered invalid as the facility of e-voting during the
meeting is available only to the shareholders attending the meeting.
PROCESS FOR THOSE SHAREHOLDERS WHOSE EMAIL/MOBILE NO. ARE NOT REGISTERED
WITH THE COMPANY/DEPOSITORIES.
1. For Physical shareholders- please provide necessary details like Folio No., Name of
shareholder, scanned copy of the share certificate (front and back), PAN (self attested scanned
copy of PAN card), AADHAR (self attested scanned copy of Aadhar Card) by email to Company/
RTA email id.
2. For Demat shareholders -, Please update your email id & mobile no. with your respective
Depository Participant (DP)
3. For Individual Demat shareholders - Please update your email id & mobile no. with your
respective Depository Participant (DP) which is mandatory while e-Voting & joining virtual
meetings through Depository.
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If you have any queries or issues regarding attending AGM & e-Voting from the CDSL e-
Voting System, you can write an email to [email protected] or contact at 022-
23058738 and 022-23058542/43.
All grievances connected with the facility for voting by electronic means may be addressed to
Mr. RakeshDalvi, Sr. Manager, (CDSL, ) Central Depository Services (India) Limited, A Wing,
25th Floor, Marathon Futurex, Mafatlal Mill Compounds, N M Joshi Marg, Lower Parel (East),
Mumbai - 400013 or send an email to [email protected] or call on 022-
23058542/43.
i. The voting rights of Members shall be in proportion to the shares held by them in the paid up
equity share capital of the Company as on September, 21, 2022.
ii. The Scrutinizer, after scrutinising the votes cast at the meeting through remote e-voting and
during AGM will, not later than 48 hours from the conclusion of the Meeting, make a
consolidated scrutinizer's report and submit the same to the Chairman. The results declared
along with the consolidated scrutinizer's report shall be placed on the website of the Company
www.golechhaglobal.com and on the website of CDSL www.cdslindia.com. The results shall
simultaneously be communicated to the Stock Exchanges.
13
ADDITIONAL INFORMATION
Information pursuant to 1.2.5 of the Secretarial Standard on General Meetings (SS- 2) regarding
Director seeking appointment / re-appointment
(Pursuant to Regulation 36(3) of SEBI (Listing Obligation and Disclosure
requirements) Regulation, 2015)
Name of the Director Divya Garg
Date of Birth 17.07.1987
Date of Appointment on the Board 26.04.2010
Qualification, Experience & Expertise He is B.Com (Hons) and Chartered Accountant with 10
years' experience in finance. He was appointed as Non-
Executive Director in 2010 and is due to be reappointed
on retirement by rotation.
Terms & Conditions Mr. Divya Garg was appointed as a non-executive director
of appointment of the Company, liable to retirement by rotation.
Directorship in other companies (Excluding NIL

private limited comp-anies, foreign compa-nies
and section 25 Companies)
Last Remuneration Drawn NIL
Shareholding NIL
Disclosure of relationships between Directors Son of Mr. GyanSwaroopGarg, Managing

Interse Director of the Company.
No. of board meetings attended during the year 4 out of 4
Membership / Chairmanships of Committees in NIL

other Companies.

Sd/-
Gyan Swaroop Garg
Chairman & Managing Director
Place : Kolkata (DIN: 00602659)
Date : 12.08.2022
14
DIRECTORS’ REPORT
Your Directors hereby present the Thirty First Annual Report together with Audited Financial
Statements for the year ended 31st March, 2022.
FINANCIAL SUMMARY OR HIGHLIGHTS/PERFORMANCE OF THE COMPANY:
The financial highlights for the current year in comparison to the previous year are as under:
(Rupees In Lakhs)
PARTICULARS Current Year Previous year
(2021-22) (2020-21)
Total Income 119.69 90.32
Total Expenditure 66.17 49.18
Profit before tax 53.52 41.14
Provision for taxation (Current, previous Years and Deferred Tax) 13.39 10.62
Profit after taxation 40.13 30.52
Add: Balance brought forward from previous year 192.42 169.36
Profit available for appropriation 40.12 199.88
Appropriations:
Taxes of earlier years: 8.02 6.10
Transfer to statutory reserve - -
Balance in Surplus 224.55 192.42
FINANCIAL PERFORMANCE :
During the year under review, the interest income from loans granted was Rs.119.36 Lacs as against
Rs. 90.32 lakhs for the previous year. The operations of the Company have resulted in Profit after Tax
of Rs.40.12 lakhs as against Rs. 30.52 Lacs in the previous year.
TRANSFERS TO RESERVES:
Company did not transfer any amount to reserves, However as per the RBI Act, 1934, Company had
transferred a sum of Rs. 8.02 lakhs i.e. 20% of its net profit for the year 2021-22to Reserve Fund in
terms of Sec 45-1c of the RBI Act, 1934.
COMPANIES WHICH HAVE BECOME OR CEASED TO BE ITS SUBSIDIARIES, JOINT VENTURES
OR ASSOCIATE COMPANIES DURING THE YEAR:
Your Company does not have any subsidiaries, joint ventures or associate companies during the
year.
DIVIDEND:
W ith a view to conserve resources for long term needs of the Company, your Directors do not
recommend any dividend for the financial year 2021-22.
CHANGE IN THE NATURE OF BUSINESS:
There is no change in the nature of business during the FY 2021-22.
STATUTORY AUDITORS:
M/s. BDS& Co., Chartered Accountants (Firm Registration No.326264E), were appointed as Statutory
Auditors of the Company for a period of 5 Years from the Conclusion of 29 th Annual General Meeting
of the Company till the conclusion of 34thAnnual General Meeting of the Company.
15
The Independent Auditors report given by M/s. BDS & Co., Chartered Accountants, the Statutory
Auditors of the Company on Financial Statements of the Company does not contain any qualification,
reservation or adverse remark.
REPORTING OF FRAUDS
During the year under review, there was no instance of fraud, which required the Statutory Auditors to
report to the Audit Committee and /or Board under Section 143(12) of the Companies Act, 2013 and
the rules made thereunder.
AUDITORS REPORT:
The auditors have given their report on the Annual Accounts of the Company and there is no reservation
or qualification made by them. The notes given in the Auditors Report are self-explanatory and needs
no further clarification.
The Statutory Auditors have not reported any incident of fraud to the Audit Committee of the Company
under sub-section (12) of section 143 of the Companies Act, 2013, during the year under review.
INTERNAL AUDITORS:
The Board of Directors based on the recommendation of the Audit Committee have appointed M/s. V.
Goyal & Associates, Chartered Accountants, Kolkata (ICAI Firm Registration No 312136E), as the
Internal Auditors for the F.Y 2022-23.
SECRETARIAL AUDITORS & SECRETARIAL AUDIT REPORT:
Pursuant to provisions of Section 204 of the Companies Act, 2013, read with Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014 the Board has appointed. Ms. DishaDugar,
Practicing Company Secretaries, to conduct Secretarial Audit for 2021-22. The Secretarial Audit Report,
pursuant to Section 204(1) of the Companies Act, 2013, for the financial year ended 31 st March, 2022
is given in 'Annexure III' attached hereto and forms part of this Report. The Secretarial Audit Report
does not contain any qualification, reservation or adverse remark on the Company.
MAINATANANCE OF COST RECORDS:
Company is not required to maintain cost records as specified by the Central Government under sub-
section (1) of section 148 of the Companies Act, 2013
DETAILS OF DIRECTORS OR KEY MANAGERIAL PERSONNEL WHO WERE APPOINTED OR
HAVE RESIGNED DURING THE YEAR:
In accordance with the provisions of Companies Act, 2013 Mr. Divya Garg Director of the Company, is
liable to retire at the ensuing AGM and being eligible offers himself for re-appointment. The Board of
Directors recommended his re-appointment for the consideration of members of the Company at
ensuing AGM.
Except for the above mentioned there were no other changes in the office of Directors or Key Managerial
personnel during the Reporting period.
DECLARATION GIVEN BY INDEPENDENT DIRECTORS:
Every Independent Director, at the first meeting of the Board in which he participates as a Director
andthereafter at the first meeting of the Board in every financial year, gives a declaration that he
meets thecriteria of independence as provided under the Companies Act, 2013 and the Company has
taken the note of the same.
MEETING OF INDEPENDENT DIRECTORS:
During the year under review, the Independent Directors met on 11.02.2022 inter alia, to discuss
 Evaluation of the performance of Non-Independent Directors and the Board of Directors as a
whole;
16
 Evaluation of the performance of the Chairman of the Company, taking into account the views of
the Executive and Non-Executive Directors.
 Evaluation of the quality, content and timelines of flow of information between the Management
and the Board that is necessary for the Board to effectively and reasonably perform its duties.
 All the Independent Directors were present at the Meeting
NUMBER OF MEETINGS OFTHE BOARD DURING THE YEAR
The Board of Directors of the Company met 4 (Four times)and gap between two Board meetings did
not exceed 120 days.
28.06.2021 12.08.2021 13.11.2021 11.02.2022
COMMITTEES OF THE BOARD:

Details of Committees of the Board, their composition and attendance are provided in Annexure-I to
this report.
FIXED DEPOSITS:
The Company has not accepted any deposits within the meaning of Section 73 of the Companies Act,
2013 and the Companies (Acceptance of deposits) Rules, 2014.
PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186 OF THE
COMPANIES ACT, 2013:
The Company, being a non-banking finance Company registered with the Reserve Bank of India and
engaged in the business of giving loans and is exempt from complying with the provisions of section
186 of the Companies Act, 2013. Accordingly, the disclosures of the loans given as required under the
aforesaid section have not been given in this Report.
CHANGE IN NATURE OF BUSINESS
There is no change in the nature of business during the period under review.
MATERIAL CHANGES AND COMMITMENTS:
There were no material changes and commitments affecting the financial position of the Company
occurred between the end of the financial year of the Company to which the financial statements
relate and the date of the report.
DIRECTORS' RESPONSIBILITY STATEMENT:
Pursuant to Section 134 (5) of the Companies Act, 2013, your Directors confirm that to the best of
their knowledge and belief and according to the information and explanation obtained by them,
i) In the preparation of the annual accounts, the applicable accounting standards have been
followedalong with proper explanation relating to material departures;
ii) Such accounting policies as mentioned in the notes to the financial statements have been
selectedandapplied consistently and judgments and estimates that are reasonable and prudent
made soas to give a true and fair view of the state of affairs of the Company at the end of the
financial year 2021-22 and of the profit of the Company for that period;
iii) Proper and sufficient care has been taken for the maintenance of adequate accounting recordin
accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of
theCompany and for preventing and detecting fraud and other irregularities;
iv) The annual accounts for the year 2021-22 have been prepared on a going concern basis.
v) That proper internal financial controls were in place and that the financial controls were adequate
and were operating effectively.
17
vi) That systems to ensure compliance with the provisions of all applicable laws were in place
andwere adequate and operating effectively.
REMUNERATION POLICY
The Board has, on the recommendation of the Nomination and Remuneration Committee framed a
policy for selection and appointment of Directors and Senior Management personnel and fix their
remuneration. The Remuneration Policy is posted on the website of the Company at the link:
www.golechhaglobal.com
VIGIL MECHANISM/ WHISTLE BLOWER POLICY:
Your Company believes in promoting a fair, transparent, ethical and professional work environment.
The Board of Directors of the Company has established a Whistle Blower Policy & Vigil Mechanism in
accordance with the provisions of the Companies Act, 2013 and the SEBI (Listing Obligation and
Disclosure Requirements), Regulations, 2015 for reporting the genuine concerns or grievances or
concerns of actual or suspected, fraud or violation of the Company's code of conduct. The said
Mechanism is established for directors and employees to report their concerns. The policy provides
the procedure and other details required to be known for the purpose of reporting such grievances or
concerns.
The details of the Whistle Blower Policy & Vigil Mechanism and other polices of the Company are
posted on the website of the Company www.golechhaglobal.com.
CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES PURSUANT TO PROVISIONS OF
SECTION 188(1) OF COMPANIES ACT, 2013:
A related party transaction was enteredwith related parties as specified in section 188 (1) of the Act,
during the financial year 2021-22. However the transaction was at arm's length basis. The requisite
details of the related party transactions entered into during the financial year are provided as Annexure
-II to this report
A suitable disclosure as required by the Accounting Standards (AS 18) has been made in the notes to
the Financial Statements. All the related party transactions were placed before the Audit Committee
and to the Board for their approval, whenever required.
DEVELOPMENT AND IMPLEMENTATION OF RISK MANAGEMENT POLICY FOR THE COMPANY
INCLUDING IDENTIFICATION THEREIN OF ELEMENTS OF RISK, IF ANY, WHICH IN THE OPINION
OF THE BOARD MAY THREATEN THE EXISTENCE OF THE COMPANY:
The Company has risk management mechanism in place which mitigates the risk at appropriate
situations and there are no elements of risk, which in the opinion of Board of Directors may threaten
the existence of the Company. A detailed description of the risks & threats has been disclosed in the
Management Discussion Analysis Report forming part of the Annual Report.
ENERGY CONSERVATION, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND
OUTGO:
Information Information required under section 134(3)(m) read with Rule, 8 of the Companies (Accounts)
Rules, 2014, of the Companies Act, 2013 has not been given as the same is not applicable owing to
the nature of activities and there was no foreign earnings and outgo during the year under review.
EXTRACT OF ANNUAL RETURN:
Copy of Annual Return MGT-7 is available on the website of the Company www.goelchhaglobal.com.
LISTING:
Your Company's shares are listed on the BSE Limited and the listing fees for Financial Year 2022-23
is paid.
18
PERFORMANCE EVALUATION:
Pursuant to the provisions of the Companies Act, 2013 and of the of the Securities and Exchange
Board of India (Listing Obligations And Disclosure Requirements) Regulations, 2015, the Board has
carried out the annual performance evaluation of its own performance, the Directors individually as
well as the evaluation of the working of its Audit, Nomination and Remuneration and Compliance
Committees.
A structured questionnaire was prepared after taking into consideration inputs received from the
Directors, covering various aspects of the Board's functioning such as adequacy of the composition of
the Board and its Committees, Board culture, execution and performance of specific duties, obligations
and governance.
A separate exercise was carried out to evaluate the performance of individual Directors including the
Chairman& Managing Director of the Board, who were evaluated on parameters such as level of
engagement and contribution, independence of judgments, safeguarding the interest of the Company
and its minority shareholders etc.
The performance evaluation of the Independent Directors was carried out by the entire Board. The
performance evaluation of the Chairman and the Non Independent Directors was carried out by the
Independent Directors who also reviewed the performance of the Secretarial Department. The Directors
expressed their satisfaction with the evaluation process.
DETAILS IN RESPECT OF ADEQUACY OF INTERNAL FINANCIAL CONTROLS WITH REFERENCE
TO THE FINANCIAL STATEMENTS:
The Company has in place proper and adequate internal control systems commensurate with the
nature of its business, size and complexity of its operations. Internal control systems comprising of
policies and procedures designed to ensure reliability of financial reporting, timely feedback on
achievement of operational and strategic goals, compliance with policies, procedure, applicable laws
and regulations, and that all assets and resources acquired are used economically.
MANAGEMENT DISCUSSION AND ANALYSIS REPORT:
Pursuantto the provisions of Schedule V to SEBI (Listing Obligation and Disclosure Requirements)
Regulations, 2015 a report on Management Discussion & Analysis is herewith annexed as "Annexure
V" to this report.
HUMAN RESOURCES:
Your Company considers its Human Resources as the key to achieve its objectives. Keeping this in
view, yourCompany takes utmost care to attract and retain quality employees. The employees are
sufficientlyempowered and such work environment propels them to achieve higher levels of
performance. Theunflinching commitment of the employees is the driving force behind the Company's
vision. Your Companyappreciates the spirit of its dedicated employees.
PARTICULARS OF EMPLOYEES:
The information required pursuant to Section 197 read with Rule 5 of the Companies (Appointment
and Remuneration of Managerial Personnel) Rules, 2014 in respect of employees of the Company is
herewith annexed as Annexure -IV to this report.
CORPORATE GOVERNANCE
The Corporate Governance is not applicable to the Company as per SEBI Circular CIR/CFD/POLICY
CELL/7/2014 dated 15th September, 2014 and as such this disclosure is not applicable.
DETAILS ABOUT THE CORPORATE SOCIAL RESPONSIBILITY POLICY DEVELOPED AND
IMPLEMENTED BY THE COMPANY
The Company does not meet the Criteria as specified in Section 135 of the Companies Act, 2013
regarding Corporate Social Responsibility.
19
SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS:
There are no significant material orders passed by the Regulators / Courts which would impact the
going concern status of the Company and its future operations.
DISCLOSURE UNDERTHE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION,
PROHIBITION AND REDRESSAL) ACT, 2013.
The Company has in place an Anti-Sexual Harassment Policy in line with the requirements of the
Sexual Harassment of Women at the Workplace (Prevention, Prohibition & Redressal) Act, 2013.
Internal Complaints Committee (ICC) has been set up to redress complaints received regarding sexual
harassment. All employees (permanent, contractual, temporary, trainees) are covered under this policy.
The following is a summary of sexual harassment complaints received and disposed off during
the financial year 2021-22:
 No. of complaints received: Nil
 No. of complaints disposed off:Nil
INSIDER TRADING REGULATIONS
The Company has adopted an 'Code of Conduct to Regulate, Monitor and Report Trading by Insiders
' ("the Code") in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015 (The PIT
Regulations).
The Code is applicable to Promoters, Member of Promoter's Group, all Directors and such Designated
Employees who are expected to have access to unpublished price sensitive information relating to
the Company. The Company Secretary is the Compliance Officer for monitoring adherence to the
SEBI (Prohibition of Insider Trading) Regulations, 2015.
The Company has also formulated 'The Code of Practices and Procedures for Fair Disclosure of
Unpublished Price Sensitive Information (UPSI)' in compliance with the SEBI (PIT) Amendment
Regulations, 2018. This Code is displayed on the Company's website viz. www.golechhaglobal.com.
.ACKNOWLEDGEMENTS:
Your directors place on record their appreciation for the sense of commitment and sincerity shown by
the employees .They also place on record their deep admiration and acknowledge with gratitude for
the support and co-operation extended by the clients, bankers, investors and shareholders at large
for their unwavering support throughout the year.
Sd/-
Gyan Swaroop Garg
(DIN: 00602659)
Place : Kolkata
Date : 12.08.2022
20
Annexure - I
COMMITTEES OF THE COMPANY
1. AUDIT COMMITEE :
The Audit Committee consists of two Independent Directors and one Non-executive Director. It
provides assistance to the Board of Directors in fulfilling its oversight responsibilities. The Audit
committee has been entrusted with the responsibilities as laid down under Section 177 of the
Companies Act, 2013 and Regulation 18 of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, to the extent applicable and
required.
COMPOSITION :
The committee consists of the following members:
Name of the Director Category No. of meetings

Attended
Devendra Kumar Garg Chairman 4
Durga Ramakrishnan Member 4
Divya Garg Member 4
Meetings during the year :

During the Financial year ended 31st March, 2022, the Audit Committee met 4 times as follows,
and all the members were present in each of such meetings.
28.06.2021 12.08.2021 13.11.2021 11.02.2022
All recommendations made by the audit committee during the year were accepted by the Board.
Terms of Reference:
The terms of reference of the Audit Committee are as per the guidelines set out in the Securities
and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations,
2015 entered into with Stock Exchanges read with Section 177 of the Companies Act, 2013 and
includes such other functions as may be assigned to it by the Board from time to time.
The terms of reference of the Audit Committee are as under:
 Overview of Company's financial reporting process and disclosure of its financial information to
ensure that the financial statements are correct, sufficient and credible.
 Recommending to the Board, the appointment, re-appointment and if required, the replacement
or removal of auditors and fixation of audit fee.
 Approval of payment to statutory auditors for any other services rendered by them.
 Reviewing, with the management, the annual financial statements before submission to the
Board for approval, with particular reference to:
 Mattersrequired to be included in the Director's Responsibility Statement to be included in
the Board's report in terms of clause (c) of sub-section 3 of Section 134 of the Companies
Act, 2013
21
 Changes, if any, in accounting policies and practices and reasons for the same.
 Major accounting entries involving estimates based on the exercise of judgment by
management.
 Significant adjustments made in the financial statements arising out of audit finding.
 Compliance with listing and other legal requirements relating to financial statements.
 Disclosure of any related party transactions.
 Review of draft Auditors Report, in particular qualifications / remarks / observations made by
the Auditors on the financial statements.
 Management Discussion and Analysis of financial conditions and results of operations.
 Review of Statement of significant related party transactions submitted by the management.
 Review of management letters/letters of internal control weaknesses issued by the statutory
auditors.
 Review of internal audit reports relating to internal control weaknesses.
 Review of appointment, removal and terms of remuneration of the Internal Auditor.
 Reviewing, with the management, the quarterly financial statements before submission to the
Board for approval.
 Review of the financial statements of subsidiary Companies.
 Review and monitor the auditor's independence, performance, and effectiveness of audit process.
 Approval or any subsequent modification of transactions of the Company with related parties.
 Scrutiny of inter-corporate loans and investments.
 Valuation of undertakings or assets of the Company, wherever necessary.
 Evaluation of internal financial controls and risk management systems.
 To look into the reasons for substantial defaults in the payment to the shareholders (in case of
non-payment of declared dividends) and creditors.
 Reviewing, with the management, the statement of uses / application of funds raised through an
issue (public issue, rights issue, preferential issue, etc.), the statement of funds utilized for purposes
other than those stated in the offer document/ prospectus/notice and the report submitted by the
monitoring agency monitoring the utilization of proceeds of a public or rights issue and making
appropriate recommendations to the Board to take up steps in this matter.
 Reviewing, with the management, performance of statutory and internal auditors, adequacy of
the internal control systems.
 Reviewing the adequacy of internal audit function, if any, including the structure of the internal
audit department, staffing and seniority of the official heading the department, reporting structure
coverage and frequency of internal audit.
 Discussion with internal auditors of any significant findings and follow up there on.
 Reviewing the risk management policies, practices and the findings of any internal investigations
by the internal auditors into matters where there is suspected fraud or irregularity or a failure of
internal control systems of a material nature and reporting the matter to the Board.
 Discussion with statutory auditors before the audit commences, about the nature and scope of
audit as well as post audit discussion to ascertain any area of concerns.
22
 To review the functioning of the Whistle Blower Mechanism
 Approval of appointment / reappointment, remuneration of CFO (or any other person heading the
finance function or discharging that function) after assessing the qualifications, experience &
background, etc. of the candidate
 Carrying out any other function as may be mentioned in the terms of reference of the Audit
Committee. The Audit Committee discharges its functions and obligations on regular basis and
on the occurrence of the events.
 Reviewing the utilization of loans and/ or advances from/investment by the holding company in
the subsidiary exceeding rupees 100 crore or 10% of the asset size of the subsidiary, whichever
is lower including existing loans / advances / investments existing as on the date of coming into
force of this provision
2. NOMINATION AND REMUNERATION COMMITTEE :
The Nomination and Remuneration Committee has been formed in compliance with Regulation
19 on SEBI (LODR) of the Listing Regulation 2015 and pursuant to Section 178 of the Companies
Act, 2013 comprising of 2 Independent Directors and one Non Executive Director.
Details of composition of the Nomination and Remuneration Committee and the attendance by
each Member of the Nomination and Remuneration Committee are as under:
S.No Name Designation

1 Devendra Kumar Garg Chairman
2 Durga Ramakrishnan Member
3 Divya Garg Member
Meetings during the year:

During the Financial year ended 31st March, 2022, the Nomination Remuneration Committee met
1 time as follows, and all the members were present in each of such meetings.
11.02.2022
Terms of Reference:
 Formulation of the criteria for determining qualifications, positive attributes and independence
of a director and recommend to the Board a policy, relating to the remuneration of the
directors, key managerial personnel and other employees.
 Formulation of criteria for evaluation of Independent Directors and the Board. Devising a
policy on Board diversity.
 Identifying persons who are qualified to become directors and who may be appointed in
senior management in accordance with the criteria laid down, and recommend to the Board
the reappointment and removal.
 To recommend/review remuneration of Key Managerial Personnel based on their performance
and defined assessment criteria.
 To decide on the elements of remuneration package of all the Key Managerial Personnel
i.e.salary, benefits, bonus, stock options, pensions, etc.
 Recommendation of fee / compensation if any, to be paid to Non-Executive Directors,
including Independent Directors of the Board.
23
 Payment / revision of remuneration payable to Managerial Personnel.
 While approving the remuneration, the committee shall take into account financial position
of the Company, trend in the industry, qualification, experience and past performance of the
appointee.
 The Committee shall be in a position to bring about objectivity in determining the remuneration
package while striking the balance between the interest of the Company and shareholders.
 Any other functions / powers / duties as may be entrusted by the Board from time to time.
The Company has adopted a Policy relating to the remuneration for Directors, Key Managerial
Personnel and other employees of the Company which is disclosed on the website of the Company
at the link: www.golechhaglobal.com.
The committee under the guidance of Board has formulated the criteria and frame work for the
performance evaluation of every Director of the Board including independent Directors and identified
the ongoing training and education programs to ensure that the independent Directors are provided
with adequate information regarding the business, the industry and their legal responsibilities
and duties.
3. STAKEHOLDERS RELATIONSHIP COMMITTEE
The Stakeholders Relationship Committee has been formed in compliance of Regulation 20 of
the SEBI (LODR) and pursuant to Section 178(5) of the Companies Act 2013. The Stakeholders
Relationship Committee consists of three members comprising of twoIndependent Directors and
one Non-Executive Director.
Terms of reference :
 Resolving the grievances of the security holders of the Company including complaints related
to transfer/transmission of shares, non-receipt of annual report, non-receipt of declared
dividends, issue of new/duplicate certificates, general meetings etc.
 Review of measures taken for effective exercise of voting rights by shareholders.
 Review of adherence to the service standards adopted by the Company in respect of various
services being rendered by the Registrar & Share Transfer Agent.
 Review of the various measures and initiatives taken by the Company for reducing the
quantum of unclaimed dividends and ensuring timely receipt of dividend warrants/annual
reports/statutory notices by the shareholders of the company
Composition
S.No Name Designation

1 Mr. Divya Garg Chairman
2 Mr. Devendra Kumar Garg Member
3 Mrs. Durga Ramakrishnan Member
Mrs. Aditi Todi, Company Secretary of the Company has been appointed as Compliance officer of
the company
24
The company has registered itself under SEBI Compliant Redressal System (SCORES) for faster
and transparent processing of Investor Grievance. The details of Complaints receive and resolved
during the year is as follows:
1 Pending at the beginning of the year 0

2 Received during the year 0
3 Disposed of during the year 0
4 Remaining unresolved at the end of the year 0
There are no outstanding complaints as on 31st March, 2022.

Sd/-
Gyan Swaroop Garg
Place : Kolkata (DIN: 00602659)
Date : 12.08.2022
25
Annexure - II
FORM NO. AOC -2
(Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies
(Accounts) Rules, 2014.
Form for Disclosure of particulars of contracts/arrangements entered into by the company with related
parties referred to in sub section (1) of section 188 of the Companies Act, 2013 including certain arm's
length transaction under third proviso thereto.
1. Details of contracts or arrangements or transactions not at Arm’s length basis.
SL. Particulars Details
No.
a) Name (s) of the related party & nature of relationship NA
b) Nature of contracts/arrangements/transaction NA
c) Duration of the contracts/arrangements/transaction NA
d) Salient terms of the contracts or arrangements or transaction including the value, if any NA
e) Justification for entering into such contracts or arrangements or transactions’ NA
f) Date of approval by the Board NA
g) Amount paid as advances, if any NA
h) Date on which the special resolution was passed in General meeting as required
under first proviso to section 188 NA
2. Details of contracts or arrangements or transactions at Arm’s length basis.

S. Name (s) of Nature of Duration of Salient terms of the Date of Amount Justification
No. the related contracts/ the contracts/ contracts or approval by paid as for entereing
party & nature arrange- arrange- arrangements or the Board advances, into Contract
of relationship ments/ ments/ transaction including if any
transaction transaction the value, if any
1 G.S Garg HUF Lease 1 st August, Leasing of property 28.06.2021 NA The property is
Sri G yan Rent Paid 2021 to 31 s t for registered office taken on lease
Swaroop Garg, July, 2022 of the company 522, for a period of
Managing Di- Tobacco House, (5th twelve months
rec tor of the Floor) No.1, Old for the purpose
Company is the Court House Corner, of registered of-
karta of HUF Kolkata, W est Ben- fice of the Com-
gal - 700001 pany.

Sd/-
Gyan Swaroop Garg
Place : Kolkata
Date : 12.08.2022
(DIN: 00602659)
26
Annexure - III
FORM NO. MR-3
SECRETARIAL AUDIT REPORT
FOR THE FINANCIAL YEAR ENDED 31st MARCH 2022
[Pursuant to section 204(1) of the Companies Act, 2013 and rule No.9 of the Companies
(Appointment and Remuneration Personnel) Rules, 2014]
To,
The Members,
522, Tobacco House, (5th floor) No. 1,
Old Court House Corner Kolkata
WB 700001 IN
I have conducted the secretarial audit of the compliance of applicable statutory provisions and the
adherence to good corporate practices by GOLECHHA GLOBAL FINANCE LIMITED, hereinafter
called the (Company). Secretarial Audit was conducted in a manner that provided me a reasonable
basis for evaluating the corporate conducts/statutory compliances and expressing my opinion thereon.
Based on my verification of the GOLECHHA GLOBAL FINANCE LIMITED books, papers, minute
books, forms and returns filed and other records maintained by the company and also the information
provided by the Company, its officers, agents and authorized representatives during the conduct of
secretarial audit, I hereby report that in my opinion, the company has, during the audit period covering
the financial year ended on 31st March, 2022 complied with the statutory provisions listed hereunder
and also that the Company has proper Board-processes and compliance-mechanism in place to the
extent, in the manner and subject to the reporting made hereinafter:
I have examined the books, papers, minute books, forms and returns filed and other records maintained
by GOLECHHA GLOBAL FINANCE LIMITED, ("the Company") for the financial year ended on 31st
March, 2022 according to the provisions of:
(i) The Companies Act, 2013 (the Act) and the rules made there under
(ii) The Securities Contracts (Regulation) Act, 1956 ('SCRA') and the rules made there under;
(iii) Foreign Exchange Management Act, 1999 and the rules and regulations made there under;
(iv) The following Regulations and Guidelines prescribed under the Securities and Exchange Board
of India Act, 1992 ('SEBI Act'):-
(a) The Securities and Exchange Board of India (Substantial Acquisition of Shares and
Takeovers) Regulations, 2011;
(b) The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations,
2015;
(c) The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements)
Regulations, 2018;
(d) Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018
(v) Corporate Governance Voluntary Guidelines- 2009 issued by the Ministry of Corporate Affairs,
Government of India;
(vi) The Reserve Bank of India Act, 1934;
I have also examined compliance with the applicable clauses of the following:
(i) Secretarial Standards issued by The Institute of Company Secretaries of India.
27
(ii) The Listing Obligations and Disclosure Requirements (LODR), Regulations, 2015.
During the period under review the Company has complied with the provisions of the Co. Act, Rules,
Regulations, Guidelines, Standards, etc.
I further report that

The Board of Directors of the Company is duly constituted with proper balance of Executive Directors,
Non-Executive Directors and Independent Directors. The changes in the composition of the Board of
Directors that took place during the period under review were carried out in compliance with the
provisions of the Act. Adequate notice is given to all directors to schedule the Board Meetings, agenda
and detailed notes on agenda were sent at least seven days in advance, and a system exists for
seeking and obtaining further information and clarifications on the agenda items before the meeting
and for meaningful participation at the meeting. Majority decision is carried through while the dissenting
members' views are captured and recorded as part of the minutes.
I further report that there are adequate systems and processes in the company commensurate with
the size and operations of the company to monitor and ensure compliance with applicable laws, rules,
regulations and guidelines.
Place: Kolkata
Date: 12.08.2022
Name of Company Secretary In Practice: Disha Dugar

FCS No. 8128
C P No.: 10895
UDIN: F008128D000785740
28
ANNEXURE A
SECRETARIAL AUDIT REPORT
FOR THE FINANCIAL YEAR ENDED 31st MARCH 2022
[Pursuant to section 204(1) of the Companies Act, 2013 and rule No.9 of the Companies
(Appointment and Remuneration Personnel) Rules, 2014]
To,
The Members,
GOLECHHA GLOBAL FINANCE LIMITED,
522, Tobacco House, (5th floor) No. 1,
Old Court House Corner,
Kolkata 700001
Management’s Responsibility
1. It is the responsibility of management of the Company to maintain Secretarial Records, devise
proper systems to ensure compliance with the provisions of all applicable laws and regulations
and to ensure that the systems are adequate and operate effectively.
Auditor’s Responsibility
1. Our responsibility is to express an opinion on these secretarial records, standards and procedures
followed by the Company with respect to secretarial compliances.
2. We believe that audit evidence and information obtained from the Company’s management is
adequate and appropriate for us to provide a basis for our opinion.
3. Wherever required, we have obtained the management’s representation about the compliance of
laws, rules and regulations and happening of events etc.
Disclaimer
1. The Secretarial Audit Report is neither an assurance as to future viability of the Company nor of
the efficacy or effectiveness with which the management has conducted affairs of the Company.
2. We have not verified the correctness and appropriateness of financial records and Books of
Accounts of the Company.

Sd/-
Disha Dugar
Company Secretary in practice
Place : Kolkata
FCS No. 8128
Date : 12.08.2022
C P NO.: 10895
29
Annexure - IV
Report on Managerial Remuneration

As per Section 197 of the Companies Act 2013, Read with Rule 5 of The Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014
(A) Details pertaining to remuneration as required under Section 197 (12) of the Companies Act,
2013 read with Rule 5(1) of the (Appointment and Remuneration of Managerial Personnel)
Rules 2014.
i) The percentage increase in remuneration of each Director, Chief Financial Officer during the financial
year 2021-22, ratio of the remuneration of each Director to the median remuneration of the
employees of the company for the financial year 2021-22, and the comparison of remuneration of
each Key Managerial Personnel (KMP) against the performance of the Company are as under:
Sr. Name of Director / KMP Remuneration of % increase in Ratio of

No. and Designation Director & KMP Remuneration in remuneration of
for the financial the Financial each Director/to
year (Rs. in Lakhs) year median
2021-22 2021-22 remuneration
1. Gyan Swaroop Garg
Managing Director 2. 4 No Change 1
2. Mihir Ranjan Pal
Whole Time Director & 3.0 No Change 1.25
CFO
3. Divya Garg
Director Nil NA NA
4. Devendra Kumar Garg Nil NA NA
5. Durga Ramakrishnan Nil NA NA
6. Aditi Bajaj Todi 2.4 No Change 1
ii) The median remuneration of employees' of the Company during the financial year:
The median remuneration of employees' of the Company during the financial year is 120000
iii) The percentage increase in the median remuneration of employees in the financial year:
The percentage increase in the median remuneration of employees in the Financial year ending
March 31, 2022 is Nil.
iv) The number of permanent employees on the rolls of Company as at March 31, 2022:
There were 6 permanent employees on the rolls of Company as on 31st March, 2022
v) Average percentile increase already made in the salaries of employees other than the managerial
personnel in the last financial year and its comparison with the percentile increase in the
managerial remuneration and justification thereof and point out if there are any exceptional
circumstances for increase in the managerial remuneration:
There is no average increase in the salaries of employees during the F.Y 2021-22
30
The Company affirms that remuneration to the Directors and Key Managerial Personnel is as
per the remuneration policy of the Company.
There are no employees who are in receipt of remuneration more than Rs. One Crore and Two Lakh
per annum or Rs. Eight Lakhs and Fifty Thousand per month.
Statement of Particulars of Employees Pursuant to Provisions of Rule 5(2) of Section 197(12)
of the Companies Act 2013 read with Companies (Appointment and Remuneration of Managerial
Personnel) Rules 2014
Whether
Qualifica- Date of The Last
Nature Of tion and CTC Employee
Sl. Name of the com- Employment
Desig- (Per is relative
No. Employee Employ- experience mence- age held before
nation annum) of any
ment of ment of joining the
Director or
employee employ- company
Manager of
ment
the
Company
1 Gautam Execu-
Regular Graduate 2017 62 - 3,99,000 No
Chatterjee tive
2 Mihir Ranjan W hole Appointed M.com., &

Pal Time by LLB
Director Members Graduate 14.12.2017 62 - 3,00,000 No
and for period
CFO of Three
Years
3 Gyan Swaroop Manag- Appointed Chartered Father of

Garg ing by Accountant Divya Gag,
Director Members and Cost 26.04.2010 61 - 2,40,000 Director of
for period Accountant the
of Three Company
Years
4 M.M Assis-
Regular Graduate 2017 67 - 1,50,500 No
Saiduallah tant
5 Shanker Peon Regular NA 2015 68 - 1,01,500 No

Roy
6 Aditi Bajaj CS Regular CS 11.06.2019 38 Sunway Opus 2,40,000 No

Todi Interrational
Pvt. Ltd.,

Sd/-
Gyan Swaroop Garg
(DIN: 00602659)
Place : Kolkata
Date : 12.08.2022
31
Annexure - V
MANAGEMENT DISCUSSION & ANALYSIS REPORT
INDUSTRIAL STRUCTURE AND DEVELOPMENT

There has been a rapid expansion of the global financial system, spurred by differential regulation,
technological and financial progress, and innovative business models. In this milieu, the footprint of
non-bank financial intermediaries (NBFIs) has expanded considerably, accounting for almost half the
global financial assets in 2020 (FSB, 2021). In emerging market economies (EMEs) like India, non-
banks have established themselves as an integral and indispensable part of the financial landscape.
They further the financial inclusion agenda by complementing the mainstream banking system. They
are adept at gauging the differential needs of their customers and offer tailored financial products and
solutions (RBI, 2021). Non-banks have also hopped on the 'digital bandwagon', which is transforming
India's financial sector, particularly since the COVID-19 pandemic. Having benefitted from lighter and
differential regulation vis-à-vis banks, non-banks foster innovation and spur competitiveness in the
financial sector, ultimately benefitting the consumers.
Non-banking financial companies (NBFCs), which existed in India from the pre-independence period,
got a fillip after the bank nationalisations in 1969 and 1980 following which banks accorded higher
priority to developmental objectives. It was left to the private sector to cater to retail financial and
investment activities and NBFCs filled this vacuum (IMF, 1998). The rapid growth of the NBFC2 sector
in India in recent times has important implications for financial stability. As the largest borrowers from
the financial system, NBFCs are meshed into a web of inter-linkages with banks, capital markets and
other financial entities (FSR, 2021). Considering this increasing interconnectedness, the existing
regulations governing NBFCs were overhauled. The Reserve Bank is set to implement Scale Based
Regulation (SBR) and Prompt Corrective Action (PCA) Framework for NBFCs from October 2022.
These regulations aim at creating a strong and resilient financial system while ensuring that the
diversity and flexibility of NBFCs are preserved.
The profitability of the NBFC sector improved in Q3:2021-22 compared to the corresponding quarter
in 2020-21 as economy shook off the impact of the second wave with relatively fewer operational
disruptions. NBFCs-ND-SI, the largest segment in NBFCs, experienced robust growth in fund and
fee-based income, which gave fillip to their profitability. On the other hand, while the income of NBFCs-
D grew only marginally, profits grew on the back of declining interest expenses.
OPPORTUNITY & THREATS
Though India accounts for less than 1 per cent of the global NBFI assets, the share of NBFI sector in
India's GDP has steadily increased over time. Around 45 per cent of the NBFI sector (in terms of asset
size) in India comprise entities which engage in credit intermediation involving maturity and liquidity
transformation and are, therefore, important from a financial stability standpoint. Based on supervisory
data, in quarter-ending December 2021, the consolidated balance sheet of NBFCs grew at a faster
pace than the corresponding period in the previous year. The bottom lines of the NBFC sector also
improved in Q2 and Q3: 2021-22 with the waning of the second wave of COVID-19. On the other
hand, asset quality of the sector deteriorated in Q3:2021-22, which could be partly attributed to NBFCs
adapting to the changes in IRACP norms as well as rolling back of regulatory dispensation under
Resolution Framework - 2.0 for individuals and small businesses.
With strong capital buffers, adequate provisions, and sufficient liquidity on their books, NBFCs are
poised for expansion. Nevertheless, going forward, as the economy recovers, NBFCs need to be
wary of rising borrowing costs on account of normalisation of monetary policy. Further, while NBFCs
have largely realigned their business models by leveraging digital channels to improve their accessibility
32
and acquisition of new customers, this might prove to be a challenge for smaller NBFCs which may
have to ramp up their technological capabilities. NBFCs also need to remain more vigilant about
cybercrimes. Another challenge is to build upon strong governance and risk management standards
to gain stakeholder confidence.
SEGMENT WISE OR PRODUCT WISE PERFORMANCE:
Your company is not dealing in any kind of product as the company's principal business is lending
business onlyand during the year under review, the interest income from loans granted was Rs.119.36
Lacs as against Rs. . 90.32 Lacs for the previous year. The operations of the Company have resulted
in Profit after Tax of Rs.40.13Lacs as against Rs30.52Lacs in the previous year. The operations of the
Company have resulted in Profit after Tax of Rs40.13 Lacs as against Rs. 30.52Lacs in the previous
year, which is on account of the employee benefit expenses and other expenses.
OUTLOOK
Non-banking financial companies (NBFCs) have established themselves as anintegral part of the
financial landscape. Using supervisory data, this article evaluatesthe performance of non-banking
financial company (NBFC) sector in 2021-22 (up toQ3:2021-22) following the second wave of the
pandemic on a number of parameters.
Highlights:
The consolidated balance sheet of the NBFC sector exhibited double digitgrowth in the quarter-ending
December 2021.
 The gap between the spreads of AAA/AA- rated NBFC bonds began to reducefrom January
2021 onwards and reached pre-covid levels in December 2021indicating growing market
confidence in the sector.
 NBFCs continued to provide maximum credit to industrial sector followed byretail, services, and
agriculture. The sectoral credit distribution remained largelyunchanged in 2021-22 (up to end-
December 2021) as compared to endDecember 2020. All sectors witnessed high credit growth
on account of baseeffect and resumption of economic activities.
 The profitability of the NBFC sector improved in Q3:2021-22 compared to thecorresponding
quarter in 2020-21. NBFCs continue to maintain adequateprovisions and their capital position
remains strong.
Financial entities have generally emerged resiliently from the pandemic and are expanding their
business as the economic recovery takes hold. Their asset quality has improved and capital positions
remained strong. Macro stress tests reveal that SCBs would be able to withstand adverse
macroeconomic circumstances. Also, any negative shock to house prices is not likely to significantly
impact banks' capital positions. Sensitivity analysis shows that credit concentration risk and equity
price risk may not be substantial but banks, especially PSBs, having substantial unrealised losses in
their books at the beginning of the interest rate tightening cycle, portends risks to their financial health
going forward. Network analysis results suggest that contagion losses have increased during H2:2021-
22.
RISK AND CONCERNS
The Company's risk philosophy involves the developing and maintaining a healthy portfolio within its
risk appetite and the regulatory framework. While the Company is exposed to various types of risk,
the most important among them are credit risk, market risk (which includes liquidity risk and price risk)
33
and operational risk. The measurement, monitoring and management of risk remains key focus areas
for the Company which manages this risk by maintaining prudent and commercial business practices.
INTERNAL CONTROL SYSTEM AND THEIR ADEQUACY
The Company has in place proper and adequate internal control systems commensurate with the
nature of its business, size and complexity of its operations. Internal control systems comprising of
policies and procedures designed to ensure reliability of financial reporting, timely feedback on
achievement of operational and strategic goals, compliance with policies, procedure, applicable laws
and regulations, and that all assets and resources acquired are used economically.
FINANCIAL PERFORMANCE WITH RESPECT TO OPERATIONAL PERFORMANCE:
(In Lakhs)
Particulars 2021-22 2020-21
Total Income 119.69 90.32
Total Expenses 66.17 49.18
Profit Before Taxation 53.52 41.14
Profit after Tax 40.13 30.52
Earnings per Equity share - Basic & Diluted 0.73 0.55
KEY FINANCIAL RATIOS:

S.No Particulars 2021-22 2020-21
1 Debtors Turnover NA NA
2 Inventory Turnover 0.11 NA
3 Debt to Equity Ratio NA NA
4 Interest Coverage Ratio NA NA
5 Current Ratio 150.17 134.23
6 Operating Profit Margin 44.71% 45.55%
7 Net Profit Margin 33.61% 33.79%
8 Return on Net Worth 4.23% 3.36%
MATERIAL DEVELOPMENTS IN HUMAN RESOURCES:

Your Company considers its Human Resources as the key to achieve its objectives. Keeping this in
view, your Company takes utmost care to attract and retain quality employees. The employees are
sufficiently empowered and such work environment propels them to achieve higher levels of
performance. The unflinching commitment of the employees is the driving force behind the Company's
vision. Your Company appreciates the spirit of its dedicated employees. There is no material
development in the human resources employed in the FY 2021-22 and there are no material
developments in the human resources utilized in the Company.
34
B D S & Co.
CHARTERED ACCOUNTANTS
Head office: 35A, Raja Basanta Roy Road, 2nd Floor, Kolkata -700 029
Ph (Off.) : 033 2466 2517, 033 2419 7736, [email protected]
INDEPENDENT AUDITORS’ REPORT
The Members,
Golechha Global Finance Limited,
Report on the Standalone Financial Statements
Opinion
We have audited standalone financial statements of Golechha Global Finance Limited ("the
Company"), which comprise of the balance sheet as at March 31, 2022, the statement of Profit and
Loss and statement of cash flows for the year then ended, and notes to the financial statements,
including a summary of significant accounting policies and other explanatory information.
In our opinion and to the best of our information and according to the explanations given to us, the
aforesaid standalone financial statements give the information required by The Companies Act, 2013
("The Act") in the manner so required and give a true and fair view in conformity with the accounting
principles generally accepted in India, of the state of affairs of the Company as at March 31, 2022,
profit and its cash flows for the year ended on that date.
Basis for Opinion
We conducted our audit of the standalone financial statements in accordance with the Standards on
Auditing (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 Standalone
Financial Statements 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
independent requirement that are relevant to our audit of the standalone financial statements under
the provisions of the Companies Act,2013 and the rules made there under, and we have fulfilled our
other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our opinion.
Key Audit Matters
Key audit matters are those matters that, in our professional judgment, were of most significance in
our audit of the standalone financial statements of the current period. These matters were addressed
in the context of our audit of the standalone financial statements as a whole, and in forming our
opinion thereon, and we do not provide a separate opinion on these matters.
35
B D S & Co.
Management's Responsibility for the Financial Statements

The Company's Board of Directors is responsible for the matters stated in section 134(5) of the
Companies Act, 2013 ("the Act") with respect to the preparation of these standalone that give a true
and fair view of the financial position, financial performance and cash flows of the Company in
accordance with the accounting principles generally accepted in India, including the accounting
Standards specified under section 133 of the Act. This financial controls, that were operating effectively
for ensuring the accuracy and completeness of the accounting records, relevant to the preparation
and presentation of the financial statement that give a true and fair view and are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, management is 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 management either intends to liquidate the Company or
to cease operations, or has no realistic alternative but to do so.
Board of Directors are also responsible for overseeing the Company's financial reporting process.
Auditor's Responsibilities for the Audit of the standalone Financial Statements
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
skepticism throughout the audit. We also:
a) 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.
b) 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
Companies Act, 2013, 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.
c) Evaluate the appropriateness of accounting policies used and the reasonableness of
accounting estimates and related disclosures made by management.
d) 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
36
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.
e) 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.
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 of the current period
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.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditor's Report) Order, 2020 issued by the Central Government
of India in terms of sub-section (11) of section 143 of the Act, we give in the Annexure ('Annexure
A') a statement on the matters specified in paragraphs 3 and 4 of the Order.
2. As required by Section 143 (3) of the Act, we report that:
a. We have sought and obtained all the information and explanations which to the best of our
knowledge and belief were necessary for the purpose of our audit.
b. In our opinion proper books of account as required by law have been kept by the Company
so far as it appears from our examination of those books.
c. The Balance Sheet, Statement of Profit and Loss and the Cash Flow Statement dealt with
by this Report are in agreement with the books of account.
d. In our opinion, the aforesaid financial statements comply with the Accounting Standards
specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules,
2014.
e. On the basis of written representations received from the Directors as on March 31, 2022,
and taken on record by the Board of Directors, none of the directors is disqualified as on
March 31, 2022, from being appointed as a director in terms of Section 164(2) of the Act.
37
f. With respect to the adequacy of the internal financial controls over financial reporting of the
Company and the operating effectiveness of such controls, refer to our separate report in
"Annexure B”.
g. With respect to the other matters to be included in the Auditor's Report under section 197(16)
of the Ac .: In our opinion and as per the information and explanations provides to us, the
Company has paid/ provided for managerial remuneration in accordance with the requisite
approvals mandated by provision of section 197 read with schedule V to the Act.
h. With respect to the matters to be included in the Auditors Report in accordance with Rule 11
of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our
information and according to the explanations given to us:-
i. The Company has disclosed the impact of pending litigation on its financial position in its
financial statement-refer note no.19 to the financial statements:
ii. The company has made provision, as required under the applicable law or IND AS, for
material foreseeable losses, if any, on long term contracts including derivative contracts.
iii. There were no amounts which were required to be transferred to the Investor Education
and Protection Fund by the Company.
For B D S & Co.

Sd/-
[Bharat D. Sarawgee]
Partner
Membership No. 061505
Dated : 30th day of May, 2022 Firm Regn No. 326264E
Place : Kolkata
38
B D S & Co.
“ANNEXURE A" TO THE INDEPENDENT AUDITORS' REPORT

Referred to in paragraph (1) under the heading 'Report on Other Legal & Regulatory
Requirement' of our report of even date to the standalone Ind AS financial statements of the
Company for the year ended March 31st, 2022.
1) In respect of Property, Plant and Equipment : The company does not have any property, plant
& equipments and hence clause (i) of the Order is not applicable.
2) In respect of Inventory and working capital limits:
a) As informed to us, physical verification of inventory has been conducted at reasonable intervals
by the management and no material discrepancy of 10% or more for each class of inventory
were noticed on such verification and discrepancies noticed on such verification have been
properly dealt with in the books of accounts. In our opinion the coverage and procedure of
such verification by the management is appropriate in relation to the size of the company
and nature of its business.
b) The company has not been sanctioned any working capital limits, hence, clause ii(b) of the
Order is not applicable.
3) In respect of Loans, Guarantee and Advances given:
a) The company being a Non Banking Finance Company having principal business of granting
loans, clause (a) & (e) of the order are not applicable.
b) The terms and conditions of the loans and advances granted by the company are not prejudicial
to the company's interest.
c) Loans granted by the company are repayable on demand and no schedule for repayment of
loans and interest has been stipulated.
d) As informed to us, there is no overdue amount for more than ninety days in respect of loans
granted by the company.
e) The company has not granted any loans or advances in the nature of loans either repayable
on demand or without specifying any terms or period of repayment, to Promoters, related
parties as defined in clause (76) of section 2 of the Companies Act, 2013;
4) In respect of compliance of provisions of Section 185 and 186 of the Act:
According to the information and explanations given to us and on the basis of our examination
of the books of account the company has complied with the provisions of section 185 and 186
of the Companies Act, 2013 in respect of Loans, investments, guarantees and security as far
as the same is applicable .
5) In respect of deposits: The Company has not accepted any deposits or amounts which are
deemed to be deposits during the year as per the directives issued by the Reserve Bank of India
and the provisions of Sections 73 to 76 or any other relevant provisions of the Act and the
Companies (Acceptance of Deposit) Rules, 2015 with regard to the deposits accepted from the
public are not applicable.
39
B D S & Co.
6) Maintenance of costing records: This clause is not applicable to the company.

7) In respect of Statutory Liabilities:
a) According to the records of the company, undisputed statutory dues including Provident
Fund, Investor Education and Protection Fund, Employees' State Insurance, Income-tax,
Gst, Sales-tax, Service Tax, Goods and Service tax, Custom Duty, Excise Duty, value added
tax, cess and any other statutory dues to the extent applicable, have generally been regularly
deposited with the appropriate authorities.
b) According to the information and explanations given to us there were no outstanding statutory
dues as on 31st March,2022 for a period of more than six months from the date they became
payable.
c) According to the information and explanations given to us, there is no amount payable in
respect of income tax, Goods & Service Tax , service tax, sales tax, customs duty, excise
duty, value added tax and cess whichever applicable, which have not been deposited on
account of any disputes.
8) Surrendered or disclosed as income in the tax assessments:
According to the information and explanations given to us , and on the basis of our examination
of records of the Company , there has been no instances where transactions not recorded in the
books have been surrendered or disclosed as income during the year in the tax assessments
under the Income Tax Act, 1961.There is no previously unrecorded income which is required to
be recorded in the books of accounts.
9) Default in repayment of borrowings: In our opinion and according to the information and
explanations given by the management, we are of the opinion that the Company has not borrowed
any funds from any lender during the year .Hence clause (ix) of the Order is not applicable.
10) Funds raised and utilisation: Based on our audit procedures and according to the information
given by the management, the company has not raised any money by way of initial public offer
or further public offer (including debt instruments) during the year. The company has not made
any preferential allotment or private placement of shares or fully or partly convertible debentures
during the year under review.
11) Fraud and whistle-blower complaints: According to the information and explanations given to
us, we report that:-
a) No fraud by the company or any fraud on the Company by its officers or employees has been
noticed or reported during the year.
b) No report under sub-section (12) of section 143 of the Companies Act has been filed by the
auditors in Form ADT-4 as prescribed under rule 13 of Companies (Audit and Auditors)
Rules, 2014 with the Central Government;
c) The company has not received any whistle blower complained during the year.
12) Nidhi Company: The company is not a Nidhi Company. Therefore, clause (xii) of the order is not
applicable to the company.
40
B D S & Co.
13) Related Party Transactions: According to the information and explanations given to us, all
transactions with the related parties are in compliance with sections 177 and 188 of Companies
Act, 2013 wherever applicable and the details have been disclosed in the Financial Statements
etc. as required by the applicable accounting standards.
14) Internal Audit: The company does have an internal audit system commensurate with the size
and nature of its business. Reports of the Internal Auditors for the period under audit were
considered by the statutory auditor.
15) Non Cash Transactions: According to the information and explanations given to us and based
on our examination of the records of the company, the company has not entered into non-cash
transactions with directors or persons connected with them during the year.
16) Registration under RBI act: According to information and explanations given to us, the company
is duly registered under section 45-IA of the Reserve Bank of India Act, 1934 as a Non Banking
Finance Company.
17) Cash Losses: The company has not incurred cash losses in the financial year and in the
immediately preceding financial year.
18) Resignation of Statutory Auditors: There has been no instance of any resignation of the statutory
auditors occurred during the year.
19) Material uncertainty on meeting liabilities: On the basis of the financial ratios, ageing and
expected dates of realisation of financial assets and payment of financial liabilities, other
information accompanying the financial statements, plans of the board of directors and
management, we are of the opinion that no material uncertainty exists as on the date of the audit
report, that the company is capable of meeting its liabilities existing at the date of balance sheet
as and when they fall due within a period of 1 year from the balance sheet date. We, however,
state that this is not an assurance as to future viability of the company. We further state that our
reporting is based on the facts up to the date of audit report and we neither give any guarantee
nor assurance that all liabilities falling due within a period of one year from the balance sheet
date will get discharged by the company as and when they fall due.
20) Transfer to fund specified under Schedule VII of Companies Act, 2013: Provisions of sub-
section (5) of section 135 of the Companies Act; are not applicable to the company , hence,
clause (xx) is not applicable.
21) This being the standalone financial results of the company, clause (xxi) of the Order is not
applicable to the company.
For B D S & Co.
Sd/-
Partner
Dated : 30th day of May, 2022 Membership No. 061505
Place : Kolkata Firm Regn No. 326264E
41
B D S & Co.
Annexure B referred to in paragraph 2(f) under the heading ‘Report on other legal and regulatory
requirements’ of our report of even date Report on Internal Financial Controls under Clause (i)
of sub-section 3 of section 143 of the Companies Act, 2013 (the ‘Act’)
We have audited the internal financial controls over financial reporting of Golechha Global Finance
Ltd. (the 'Company') as of 31 March 2022 in conjunction with our audit of the standalone Ind AS
financial statements of the Company for the year ended on that date.
Management’s Responsibility for Internal Financial Controls
The Company's Management is responsible for establishing and maintaining internal financial controls
based on the internal control over financial reporting criteria established by the Company considering
the essential components of internal control stated in the Guidance Note on Audit of Internal Financial
Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India. These
responsibilities include the design, implementation and maintenance of adequate internal financial
controls that were operating effectively for ensuring the orderly and efficient conduct of its business,
including adherence to the Company's policies, the safeguarding of its assets, the prevention and
detection of frauds and errors, the accuracy and completeness of the accounting records, and the
timely preparation of reliable financial information, as required under the Act.
Auditors’ Responsibility
Our responsibility is to express an opinion on the Company's internal financial controls over financial
reporting with reference to these standalone Ind AS financial statements based on our audit. We
conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls
Over Financial Reporting (the 'Guidance Note') and the Standards on Auditing as specified under
section 143(10) of the Act, to the extent applicable to an audit of internal financial controls and, both
issued by the Institute of Chartered Accountants of India. Those Standards and the Guidance Note
require that we comply with ethical requirements and plan and perform the audit to obtain reasonable
assurance about whether adequate internal financial controls over financial reporting with reference
to these standalone Ind AS financial statements was established and maintained and if such controls
operated effectively in all material respects.
Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal
financial controls over financial reporting with reference to these standalone Ind AS financial statements
and their operating effectiveness.
Our audit of internal financial controls over financial reporting included obtaining an understanding of
internal financial controls over financial reporting with reference to these standalone Ind AS financial
statements, assessing the risk that a material weakness exists, and testing and evaluating the design
and operating effectiveness of internal control based on the assessed risk. The procedures selected
depend on the auditor's judgement, including the assessment of the risks of material misstatement of
the financial statements, whether due to fraud or error.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our audit opinion on the internal financial controls over financial reporting with reference to these
standalone Ind AS financial statements.
42
B D S & Co.
Meaning of internal financial controls over financial reporting with reference to these Standalone
Ind AS Financial Statements
A Company's internal financial control over financial reporting with reference to these standalone Ind
AS financial statements is a process designed to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of financial statements for external purposes in accordance
with generally accepted accounting principles. A Company's internal financial control over financial
reporting with reference to these standalone Ind AS financial statements includes those policies and
procedures that:
i. Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect
the transactions and dispositions of the assets of the Company;
ii. Provide reasonable assurance that transactions are recorded as necessary to permit
preparation of financial statements in accordance with generally accepted accounting
principles, and that receipts and expenditures of the Company are being made only in
accordance with authorisations of Management and Directors of the Company; and
iii. Provide reasonable assurance regarding prevention or timely detection of unauthorised
acquisition, use, or disposition of the Company's assets that could have a material effect
on the financial statements.
Inherent limitations of internal financial controls over financial reporting with reference to these
standalone Ind AS Financial Statements
Because of the inherent limitations of internal financial controls over financial reporting with reference
to these standalone Ind AS financial statements, including the possibility of collusion or improper
management override of controls, material misstatements due to error or fraud may occur and not be
detected. Also, projections of any evaluation of the internal financial controls over financial reporting
with reference to these standalone Ind AS financial statements to future periods are subject to the risk
that the internal financial control over financial reporting with reference to these standalone Ind AS
financial statements may become inadequate because of changes in conditions, or that the degree of
compliance with the policies or procedures may deteriorate.
Opinion
In our opinion, the Company has, in all material respects, an adequate internal financial controls over
financial reporting with reference to these standalone Ind AS financial statements and such internal
financial controls over financial reporting with reference to these standalone Ind AS financial statements
were operating effectively as at 31 March 2022, based on the internal control over financial reporting
criteria established by the Company considering the essential components of internal control stated
in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the
Institute of Chartered Accountants of India.
For B D S & Co.
Sd/-
Partner
Dated : 30th day of May, 2022 Membership No. 061505
Place : Kolkata Firm Regn No. 326264E
43
BALANCE SHEET AS AT 31ST MARCH, 2022
(IN RUPEES)
PARTICULARS NOTE FIGURES AS AT FIGURES AS AT
NO. 31/03/2022 31/03/2021
ASSETS
Financial Assets
Cash and Cash Equivalents 4 308.08 153.56
Loans 5 77,292.37 91,627.06
Inventories 6 17,605.81 -
Other Financial Assets 175.38 150.00
Total Financial Assets 95,381.63 91,930.62
Non - Financial Assets
Current Tax Asset(Net) 325.93 325.93
325.93 325.93
Total Assets 95,707.57 92,256.55
LIABLITIES AND EQUITY
LIABLITIES
Financial Liablities
Payables 7 204.58 719.25
Total Financial Liablities 204.58 719.25
Non- Financial Liablities

Other Liabilities 8 0.25 31.00
Current Tax Liabilities (net) 9 387.18 382.58
Provisions 10 249.90 273.74
Total Non - Financial Liablities 637.33 687.31
Equity
Equity Share Capital 11 55,000.00 55,000.00
Other Equity 12 39,865.65 35,849.99
Total Equity 94,865.65 90,849.99
TOTAL Liablities and Equity 95,707.57 92,256.55
Summary of significant accounting policies 3

The accompanying notes are an integral part of the financial statements.
In terms of our report of even date annexed For Golechha Global Finance Limited
For B D S & Co.
Sd/- Sd/- Sd/-

[Bharat D. Sarawgee] Gyan Swaroop Garg Mihir Ranjan Pal
Partner Chairman & Managing Director Wholetime Director & CFO
Membership No. 061505 (DIN: 00602659) (DIN: 05322461)
Firm Regn No. 326264E
UDIN: 21061505AAAANG2125
Sd/-
Aditi Bajaj Todi
Place : Kolkata Company Secretary
Dated: 30th day of May, 2022
44
STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31st MARCH, 2022
(IN RUPEES)
S. No PARTICULARS NOTE FIGURES FOR THE YEAR FIGURES FOR THE YEAR
NO. 31/03/2022 31/03/2021
Revenue from Operations

Interest Income 13 11,936.39 9,032.05
Other Income 14 31.94 -
I TOTAL INCOME 11,968.33 9,032.05
II EXPENSES:
Pruchase of Shares 19,966.84 -
Changes in Inventories 15 (17,605.81) -
Employee Benefit Expenses 16 1,754.27 2,796.11
Other Expenses 17 2,502.27 2,121.50
TOTAL EXPENSES 6,617.57 4,917.61
IV PROFIT BEFORE TAX (I-II) 5,350.76 4,114.44
V TAX EXPENSE
a Current Tax 1,338.64 1,062.10
b Deferred Tax - 1,338.64 - 1,062.10
VI PROFIT AFTER TAX 4,012.12 3,052.34
Other Comprehensive Income / (Loss)
Items that will not be reclassified to profit - -
or loss
Tax Impact on Above - -
Items that will be reclassified to profit or
loss in subsequent period - -
Tax Impact on Above - -
Other Comprehensive Income / (Loss)
for the year - -
Total Comprehensive Income / (Loss)
for the year 4,012.12 3,052.34
VII EARNING PER EQUITY SHARE
a Basic 0.73 0.55
b Diluted 0.73 0.55
Summary of significant accounting policies 3
The accompanying notes are an integral part of the financial statements.
In terms of our report of even date annexed
For B D S & Co.
Chartered Accountants For Golechha Global Finance Limited
Sd/- Sd/- Sd/-

UDIN : 21061505AAAANG2125 Sd/-
Place : Kolkata Aditi Bajaj Todi
Dated: 30th day of May, 2022 Company Secretary
45
CASH FLOW STATEMENT
Cash Flow Statement In Pursuant To Regulation 34(2) of the SEBI
(Listing Obligations And Disclosure Requirements) Regulations, 2015
For the year ended 31st March, 2022
PARTICULARS Year Ended 31/03/2022 Year Ended 31/3/2021
A CASH FLOW FROM OPERATING ACTIVITIES
Net Profit/ (Loss) before tax 5,350.76 4,114.44

Depreciation - -
Dividend Income - -
Interest Paid - -
Operating Profit/(loss) Before Working capital changes 5,350.76 4,114.44
Changes in working capital :
Increase /(decrease) in other financial libilities (514.67) (172.47)
Increase /(decrease) in non financial libilities/Provisions (54.59) (11.51)
Increase /(decrease) in short term borrowing -
Decrease/(Increase) in loans and advances 14,334.70 (2,655.20)
Decrease/(Increase) in Cureent tax assets - -
Decrease/(Increase) in Inventories (17,605.81) -
Decrease/(Increase) in Trade receivable - -
Decrease/(Increase) in Financial Assets (25.38) (150.00)
Decrease/(Increase) in Other Financial Assets - -
Cash generated from operations 1,485.02 1,125.27
Direct taxes paid (net of refunds) (1,330.49) (1,011.00)
Net cash flow from/used in operating activities (A) 154.52 114.27
B Cash flow from investing activities
Purchase of Equity Investment - -
Sale of Equity Investment - -
Placement of Fixed Deposit - -
Net cash used in investing activities (B) - -
C Cash flow fromfinaning activities
Interest Paid - -
Net cash from financing activities ( c) - -
Net increase/(decrease) in cash and cash equivalents (A+B+C) 154.52 114.27
Cash and cash eqnivalents at the beginning of the year 153.56 39.29
Cash and cash equivalents at the end of the year 308.08 153.56
Cash & Cash Equivalents Comprise:
Cash on Hand 134.01 41.93
Balances with banks in Current Account 174.07 111.63
Total 308.08 153.56
In terms of our report of even date annexed For Golechha Global Finance Limited
For B D S & Co.
Sd/- Sd/- Sd/-

UDIN : 21061505AAAANG2125
Sd/-
Place : Kolkata
Aditi Bajaj Todi
Dated: 30th day of May, 2022 Company Secretary
46
A. Equity Share Capital
Particulars Note No. Number Amount
As at march 31, 2021 5,500.00 55,000.00
As at march 31, 2022 5,500.00 55,000.00
B. Other Equity for the year Ended 31st March, 2022
Particulars Note No. Reserves and Surplus Other Total

Securities Capital Statutory Retaining Other other
Premium reseve reseve fund earnings Comprihensive equity
Income
As at April 1, 2021 8,422.05 3,538.00 4,647.85 19,242.09 - 35,849.99
Profit for the year - - - 4,012.12 - 4,012.12
Other comprehensive income/(loss) for the year - - - - - -
Total comprehensive Income / loss for the year - - - 4,012.12 - 4,012.12
Transection with owners in their capacity as owners:

- Issue of equity share and debenture, net of - - - - - -
- transaction cost -
- Other Appropriations - - - 3.55 - (3.55)
- Transfers to statutory reserve fund - - 802.00 (802.00) - -
As at March 31, 2022 8,422.05 3,538.00 5,449.85 22,455.76 - 39,858.56
47
Notes to standalone financial statements for the year ended 31 March 2021
1. Corporate information
Golechha Global Finance Ltd. ('the Company', 'GGFL ') is a company limited by shares, incorporated
on 18th April,1991 and domiciled in India. The Company is engaged in the business of lending.. The
Company has its registered office at 522, Tobacco House, (5th floor) No. 1, Old Court House Corner
Kolkata Kolkata-700 001, West Bengal, India and its principal place of business at the same address.
The Company is a Non deposit taking non-banking financial company (NBFC) registered with the
Reserve Bank of India (RBI) , with Registration No. 07.00107. RBI, vide the circular - 'Harmonisation
of different categoriesof NBFCs' issued on 22 February 2019, with a view to provide NBFCs with
greater operational flexibility and harmonisation of different categories of NBFCs into fewer categories
based on the principle of regulation by activity, merged the three categories of NBFCs viz. Asset
Finance Companies (AFC), Loan Companies (LCs) and Investment Companies (ICs) into a new
category called NBFC - Investment and Credit Company (NBFC-ICC). Accordingly, the Company has
been reclassified as NBFC Investment and Credit Company (NBFC-ICC).The audited financial
statements were subject to review and recommendation of Audit Committee and approval of Board of
Directors.
2. Basis of preparation
The financial statements 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
and notified under section 133 of the Companies Act, 2013 (the Act) along with other relevant provisions
of the Act and the Master Direction - Non-Banking Financial Company- Non Systemically Important
Non-Deposit taking Company (Reserve Bank) Directions, 2016 ('the NBFC Master Directions') issued
by RBI. The financial statements have been prepared on a going concern basis. The Company uses
accrual basis of accounting except in case of significant uncertainties.
2.1 Presentation of financial statements
The Company presents its Balance Sheet in order of liquidity. The Company generally reports financial
assets and financial liabilities on a gross basis in the Balance Sheet. They are offset and reported net
only when Ind AS specifically permits the same or it has an unconditional legally enforceable right to
offset the recognised amounts without being contingent on a future event. Similarly, the Company
offsets incomes and expenses and reports the same on a net basis when permitted by Ind AS specifically
unless they are material in nature.
2.2 Critical accounting estimates and judgments
The preparation of the Company's financial statements requires Management to make use of estimates
and judgments. In view of the inherent uncertainties and a level of subjectivity involved in measurement
of items, it is possible that the outcomes in the subsequent financial years could differ from those on
which the Management's estimates are based. Accounting estimates and judgments are used in various
line items in the financial statements.
3. Summary of significant accounting policies
This note provides a list of the significant accounting policies adopted in the preparation of these
financial statements. These policies have been consistently applied to all the years presented, unless
otherwise stated.
3.1 Revenue Recognition
(i) Interest income
Interest income is calculated by applying effective interest rate.
48
3.2 Expenditures
(i) Finance costs
Borrowing costs on financial liabilities are recognised using the Effective interest rate.
(ii) Other Expenses
Other expenses which are not directly linked to the sourcing of financial assets are recognised in the
Statement of Profit and Loss on an accrual basis.
3.3 Cash and cash equivalents
Cash and cash equivalents include cash on hand, other short term, highly liquid investments with
original maturities of three months or less that are readily convertible to known amounts of cash and
which are subject to an insignificant risk of changes in value.
3.4 Inventories
Since inventory of shares and securities acquired for trading are financial instruments, they are
recognised at fair value through statement of profit and loss account (FVTPL) as per IND AS 109
3.5 Financial instruments
A financial instrument is defined as any contract that gives rise to a financial asset of one entity and a
financial liability or equity instrument of another entity. Trade receivables and payables, loan receivables,
investments in securities and subsidiaries, debt securities and other borrowings, preferential and
equity capital etc. are some examples of financial instruments. All the financial instruments are
recognised on the date when the Company becomes party to the contractual provisions of the financial
instruments. For tradable securities, the Company recognises the financial instruments on settlement
date.
3.6 Financial assets
Financial assets include cash, or an equity instrument of another entity, or a contractual right to
receive cash or another financial asset from another entity. Few examples of financial assets are loan
receivables, investment in equity and debt instruments, trade receivables and cash and cash
equivalents.
3.6.1 Classification and subsequent measurement.
The Company has applied Ind As 109 and classifies its financial assets in the following measurement
categories: - Fair value through profit or loss (FVTPL)
- Fair value through other comprehensive income (FVOCI); or
- Amortised cost
Fair value through profit or loss; Assets that do not meet the criteria for amortised cost or FVOCI are
measured at fair value through profit or loss; A gain or loss on a debt investment that is subsequently
measured at fair value through profit or loss and is not part of a hedging relationship is recognised in
statement of profit and loss in the period in which it arise, unless it arises from debt instruments that
were designated at fair value or which are not held for trading. Interest income from these financial
assets is included in 'interest income' using the effective interest rate method.
Fair value option for financial assets; The Company may also irrevocably designate financial assets
at fair value through profit or loss if doing so significantly reduces or eliminates an accounting mismatch
created by assets and liabilities being measured on different bases.
Amortised Cost; Assets that are held for collection of contractual cash flows where those cash flows
represent solely payments of principal and interest ('SPPI,), and that are not designated at FVTPL,
are measured at amortised cost. The carrying amount of these assets.
49
Is adjusted by any expected credit loss allowance recognise and measured. Interest income from
these financial assets is recognised using the effective interest rate method.
However, the loans granted by the company are in the nature of repayable on demand and the time
period of the same is uncertain and as a result, amortised cost of loans has not been taken.
3.6.2 Interest Income
Interest income is calculated by applying the effective interest rate to the gross carrying amount of
financial assets, except for:
a) Purchased or originated credit impaired (POCI) financial assets, for which the original credit
-adjusted effective interest rate is applied to the amortised cost of that financial assets.
b) Financial assets that are not 'POCI' but have subsequently become credit-impaired (or 'stage
3'), for which interest revenue is calculated by applying the effective interest rate to their
amortised cost (i,e net of the expected credit loss provision).
The effective interest rate is the exactly discounts estimated future cash payments or receipts through
the expected life of the financial assets or liability to the gross carrying amount of a financial assets
(i,e, its amortised cost before any impairment allowance) or to the amortised cost of a financial liability.
The calculation does not consider expected credit losses and includes transaction cost, premiums or
discounts and fees and points paid or received that are integral to the effective interest rate, such as
origination fees. For FVOCI financial assets -assets that are credit impared at intial recognition- the
company calculates the credit-adjusted effective interest rate, which is calculated based on the
amortised cost of the financial assets instead of its gross carrying amount and incorporates the impact
of expected credit losses in estimated future cash flows.
3.6.3 Equity instruments
Equity instruments are instruments that meet the definition of equity from the issuer's perspective;
that is, instruments that do not contain a contractual obligation to pay and that do not contain a
contractual obligation to pay and that evidence a residual interest in the issuer's net assets. The
Company subsequently measures all equity investments at fair value. W here the company's
management has elected to present fair value gains and losses on equity investments in other
comprehensive income, there is no subsequent reclassification of fair values gains and losses to
profit or loss following the derecognition of the investment. Changes in the fair value of financial
assets at fair value through profit or loss are recognised in net gain/loss on fair value changes in the
statement of profit and loss. Impairment losses (and reversal of impairment losses) on equity
investments measured at FVOIC are not reported separately from other changes in fair value.
Gains and losses on equity investments at FVTPL are included in the statement of Profit and Loss.
3.6.4 Impairment
The Company assesses on a forward looking basis the expected credit losses (ECL) associated with
its debit instruments carried at amortised cost and FVOCI and with the exposure arising from loan
commitments and financial guarantee contracts. The Company recognizes a loss allowance for such
losses at each reporting date.
The measurements of ECL reflects:
- An unbiased probability-weighted amount that is determined by evaluating a range of possible
outcome;
- The time value of money; and
- Reasonable and supportable information that is available without undue cost or effort at the
reporting date about pat events, current conditions and forecasts of future economic
conditions.
50
The measurement of the ECL allowance is an area that requires the use of complex models and
significant assumptions about future economic condition and credit behaviour (e.g. the likelihood of
customers defaulting and the resulting losses.)
3.6.5 Write-off policy
The Company writes off financial assets, in whole or in part, when it has exhausted all practical
recovery efforts and has concluded there is no reasonable expectation of recovery. Indicators that
there is no reasonable expectation of recovery include (i) ceasing enforcement activity and (ii) where
the company's recovery method is foreclosing on collateral and the value of the collateral is such that
there is no reasonable expectation of recovering in full.
3.6.6 Derecognition other than on a modification
Financial assets, or a portion thereof, are derecognised when the contractual rights to receive the
cash flows from the assets have expired, or when they have been transferred and either (i) the Company
transfers substantially all the risk and rewards of ownership, or (ii) the Company neither transfer nor
retains substantially all the risks and rewards of ownership and the company has not retained control.
The company directly reduces the gross carrying amount of a financial assets when there is no
reasonable expectation of recovering a financial assets in its entirely or a portion thereof.
3.7 Borrowing costs
Borrowing costs, which are directly attributable to the acquisition/ construction of property plant and
equipment, till the time such assets are ready for intended use, are capitalised as part of the assets.
Other borrowing costs are recognised as an expenses in the year in which they are incurred. Brokerage
costs directly attributable to a borrowing are expensed over the tenure of the borrowing.
3.8 Financial liabilities
Financial liabilities include liabilities that represent a contractual obligation to deliver cash or another
financial assets to another entity, or a contract that may or will be settled in the entities own equity
instruments. Few examples of financial liabilities are trade payables, debt securities and other
borrowings and subordinated debts.
3.9.1 Initial measurement
All financial liabilities are recognised initially at fair value and, in the case of borrowings and payables,
net of directly attributable transaction costs. The Company's financial liabilities include trade payables,
other payables, debt securities and other borrowings.
3.9.2 Subsequent measurement
After After initial recognition, all financial liabilities are subsequently measured at amortised cost using
the EIR [Refer note no. 3.1(i)]. Any gains or losses arising on derecognition of liabilities are recognised
in the Statement of Profit and Loss.
3.9.3 Derecognition
The Company derecognises a financial liability when the obligation under the liability is discharged,
cancelled or expired.
3.10 Offsetting of financial instruments
Financial assets and financial liabilities are offset and the net amount is reported in the Balance Sheet
only if there is an enforceable legal right to offset the recognised amounts with an intention to settle on
a net basis or to realise the assets and settle the liabilities simultaneously.
51
3.10.1 Taxes
(i) Current tax
Current tax assets and liabilities are measured at the amount expected to be recovered from or paid
to the taxation authorities, in accordance with the Income Tax Act, 1961 and the Income Computation
and Disclosure Standards (ICDS) prescribed therein. The tax rates and tax laws used to compute the
amount are those that are enacted or substantively enacted, at the reporting date. Current tax relating
to items recognised outside profit or loss is recognised in correlation to the underlying transaction
either in OCI or directly in other equity. Management periodically evaluates positions taken in the tax
returns with respect to situations in which applicable tax regulations are subject to interpretation and
establishes provisions where appropriate.
3.10.2 Deferred tax
Deferred tax is provided using the Balance Sheet approach on temporary differences between the tax
bases of assets and liabilities and their carrying amounts for financial reporting purposes at the reporting
date. Deferred tax liabilities are recognised for all taxable temporary differences and deferred tax
assets are recognised for deductible temporary differences to the extent that it is probable that taxable
profits will be available against which the deductible temporary differences can be utilised. The carrying
amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no
longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax
asset to be utilised. Unrecognised deferred tax assets, if any, are reassessed at each reporting date
and are recognised to the extent that it has become probable that future taxable profits will allow the
deferred tax asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year
when the asset is realised or the liability is settled, based on tax rates (and tax laws) that have been
enacted or substantively enacted at the reporting date.
Deferred tax relating to items recognised outside profit or loss is recognised either in OCI or in other
equity. Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists to
set off current tax assets against current tax liabilities and the deferred taxes relate to the same
taxable entity and the same taxation authority.
3.11 Impairment of non-financial assets
An assessment is done at each Balance Sheet date to ascertain whether there is any indication that
an asset may be impaired. If any such indication exists, an estimate of the recoverable amount of
asset is determined. If the carrying value of relevant asset is higher than the recoverable amount, the
carrying value is written down accordingly.
3.12 Provisions and contingent liabilities
The company creates a provision when there is present obligation as a result of a past event that
probably requires an outflow of resources and a reliable estimate can be made of the amount of the
obligation. A disclosure for a contingent liability is made when there is a possible obligation or a
present obligation that may, but probably will not, require an outflow of resources. The Company also
discloses present obligations for which a reliable estimate cannot be made. W hen there is a possible
obligation or a present obligation in respect of which the likelihood of outflow of resources is remote,
no provision or disclosure is made.
3.13 Retirement and other employee benefits
3.13.1 Short-term obligations
Liabilities for wages and salaries, including non-monetary benefits that are expected to be Settled
wholly within 12 months after the period in which the employees render the related service are
recognised in respect of employees' services up to the end of the reporting period and are measured
at the amounts expected to be paid when the liabilities are settled.
52
3.13.2 Post - employment obligations

3.13.3 defined benefit plans : These are not yet applicable because none of the employee qualiy
for those benefits as at 31st March, 2022.
3.15 Fair value measurement
The Company measures its qualifying financial instruments at fair value on each Balance Sheet date.
Fair value is the price that would be received against sale of an asset or paid to transfer a liability in an
orderly transaction between market participants at the measurement date. The fair value measurement
is based on the presumption that the transaction to sell the asset or transfer the liability takes place in
the accessible principal market or the most advantageous accessible market as applicable. The
Company uses valuation techniques that are appropriate in the circumstances and for which sufficient
data is available to measure fair value, maximising the use of relevant observable inputs and minimising
the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed
in the financial statements are categorised within the fair value hierarchy into Level I, Level II and
Level III based on the lowest level input that is significant to the fair value measurement as a whole.
For detailed information on the fair value hierarchy, refer note no. 47 and 48. For assets and liabilities
that are fair valued in the financial statements on a recurring basis, the Company determines whether
transfers have occurred between levels in the hierarchy by re-assessing categorisation (based on the
lowest level input that is significant to the fair value measurement as a whole) at the end of each
reporting period. For the purpose of fair value disclosures, the Company has determined classes of
assets and liabilities on the basis of the nature, characteristics and risks of the asset or liability and
the level of the fair value hierarchy.
53

(IN RUPEES)
NOTE Particulars Figures For Figures For
No. The Year The Year
31/03/2022 31/03/2021
4. Cash and Cash Equivalents
Cash on Hand 134.01 41.93
Balance with Banks in current accounts 174.07 111.63
308.08 153.56
5. Loans
(Unsecured,considered good,unless
otherwise stated)
Short Term Demand Loans
Unsecured, Considered Good 77,292.37 91,627.06
Considered Doubtful - -
77,292.37 91,627.06
6. INVENTORIES:
Stock of shares & securities ( acquired for Trading) Quantity Value Quantity Value
FVTPL
Jaiprakash Associates Ltd 1,50,721 1,254.00 - -
Jaypee Infratech Ltd 3,00,000 825.00 - -
Samrat Pharmachem Ltd 29,968 14,528.49 - -
Yash Management & Setellite Ltd 94,988 998.32 - -
17,605.81 -
7. Trade Payables
Trade Paybles ageing Schedule
Particulars Outstanding for following periods from date of payments
Current Reporting Period Less Than 1 1-2 years 2-3 years More than 3 Total
2021-2022 year years
a) Undisputed Dues
i) Dues to MSME - - - - -
ii)Dues to Others 90 - - - 90.00
Total (a) 90 - - - 90.00
b) Disputed Dues
ii)Dues to Others - - - - -
Total (b) - - - - -
GRAND TOTAL (a+b) 90 - - - 90.00
54
Particulars Outstanding for following periods from date of payments
Previous Reporting Period Less Than 1 1-2 years 2-3 years More than 3 Total
2020-2021 year years
a) Undisputed Dues
ii)Dues to Others 349 - - - 348.75
Total (a) 349 - - - 348.75
b) Disputed Dues
ii)Dues to Others - - - - -
Total (b) - - - - -
GRAND TOTAL (a+b) 349 - - - 348.75
(IN RUPEES)
31/03/2022 31/03/2021
8 Other Liabilities
Statutory Payable to Government 0.25 31.00
0.25 31.00
9. Current Tax Liability (Net)
Provision for Taxation 1,338.64 1,062.10
Less: TDS 951.46 387.18 679.52 382.58
387.18 382.58
10. Provisions
Contigent Provision Against Standard Assets 196.80 228.74
Other Provisions 53.10 45.00
249.90 273.74
11. Equity Share Capital
(1) AUTHORISED:
11,000,000 Equity Shares of Rs.10/- each 1,10,000.00 1,10,000.00
(2) ISSUED, SUBSCRIBED & PAID UP
5500000(L.Y.5500000) Equity shares of Rs.10/-each 55,000.00 55,000.00
Add: Addition/ Deletion - -
GRAND TOTAL 55,000.00 55,000.00
55
1 Reconciliation of Number of Shares outstanding and amount of share capital as at 31st March,
2022 is as under:
Particulars As at 31st March, 2022 As at 31st March, 2021
No. of Amount No. of Amount
Shares Shares
Number of Shares at the begining of the year 55,00,000.00 5,50,00,000 55,00,000.00 5,50,00,000
Number of Shares at the end of the year 55,00,000.00 5,50,00,000 55,00,000.00 5,50,00,000
2. Equity shareholders holding more than 5% equity shares as on 31/03/2022:
Name As at 31/03/2022 As at 31/03/2021

% Amount % Amount
Advani Private Limited 46.57 25,61,100.00 46.57 25,61,100.00

Ballygunje Commercial Services Pvt Ltd 7.27 4,00,000.00 11.82 6,50,000.00
Focal Point Properties Pvt Ltd 11.74 6,45,700.00 11.74 6,45,700.00
Shareholding of Promoter
Sl. Name of the Promoter % Shares held as on Shares held as on

No change 31/03/2022 31/03/2022
during
the year
No. of % of No. of % of
Shares shares Shares shares
1 Advani Private Limited NIL 25,61,200 46.57 25,61,200 46.57
3. Terms & Conditions attached
a All the equity shares carry equal rights and obligations including for dividend and with respect
to voting.
b The company has issued only one class of Share Capital, that is Equity Shares having face
value of Rs.10/- each.Each Holder of Equity Shares is entitled to one vote per share.
c In the event of Liquidation of the company,the holder of equity shares will be entitled to receive
any of the remaining assets of the company, after distribution of all preferential amounts.The
distribution will be in proportion to the number of equity shares held by the shareholders.
56
(IN RUPEES)
Sl. PARTICULARS FIGURES AS AT FIGURES AS AT
No. 31/03/2022 31/03/2021
12 Other Equity
(i) Security Premium
At the Beginning of The Year 8,422.05 8,422.05
Additions during the Year - -
At the end of the Accounting Year (i) 8,422.05 8,422.05
(ii) Retained Earnings

Additions during the Year 4,012.12 3,052.34
At the end of the Accounting Year 23,254.21 19,987.90
ALLOCATIONS AND
APPROPRIATIONS
Taxes for Earlier Year (3.55) 135.34
Transfer to Statutory Reserve
u/s.45IC of RBI Act. 802.00 798.46 610.47 745.81
At the end of the Accounting Year (ii) 22,455.76 19,242.09
Other Reserves
(iii) Reserve Fund in terms of
section 45-IC(1) of the Reserve
Bank of India Act,1934
Additions during the Year 802.00 610.47
At the end of the Accounting Year (iii) 5,449.85 4,647.85
(iv) Capital Reserves

Additions during the Year - -
At the end of the Accounting Year (iv) 3,538.00 3,538.00
GRAND TOTAL (i+ii+iii+iv) 39,865.65 35,849.99
Nature & Purpose of other equity

(i) Securities Premium
Securities Premium is used to record the premium on issue of shares. It can be utilised only for
limited purposes in accordance with the provisions of the Companies Act,2013.
(ii) Retained Earnings
Retained earnings represents the surplus in profit and loss account and appropriations.
(iii) Reserve Fund in terms of section 45-IC(1) of the Reserve Bank of India Act,1934
Reserve fund is created as per the terms of section 45-IC(1) of the Reserve Bank of India Act,1934
as a statutory reserve.
(iv) Capital Reserves
The reserve is created bases on statutory requirement under the Companies Act,2013.This is not
available for distribution as dividend but can be utilised for issue of bonus shares.
57

(IN RUPEES)
31/03/2022 31/03/2021
13 Income from operations
Interest on Loans 9,930.66 9,032.05
Sale of Shares 2,005.74 -
11,936.39 9,032.05
14 OTHERS INCOME
Reversal of Contingent Provision Against Standard Asset 31.94 -
31.94 -
15 CHANGES IN INVENTORIES OF FINISHED GOODS
At the beginning of the year - -
At the end of the year 17,605.81 -
(17,605.81) -
16 EMPLOYEE BENEFITS EXPENSE
Salaries 1,476.00 2,662.00
Staff Welfare Expenses 278.27 134.11
1,754.27 2,796.11
17 OTHER EXPENSES:
ADMINISTARTIVE EXPENSE
Accounting Charges 30.00 30.00
Advertisement 17.22 19.64
Annual General Meeting Expenses 213.39 -
Auditors Remuneration for Statutory Audit 53.10 45.00
Bank Charges 1.51 0.68
Conveyance expenses 287.75 205.36
Contingent Provision on Standard Assets - 5.49
Depository Charges 76.71 62.68
Filing Fees 5.30 8.56
General Expenses 184.66 150.22
Interest on TDS 0.34 -
Listing Fees 354.00 354.00
Miscellaneous Expenses - 200.00
Office Maintainance Expenses 223.93 167.58
Postage & Courier Exp. 166.27 70.78
Printing & Stationery 105.68 82.30
Professional charges 335.83 320.65
Rent, Rates &Taxes 309.54 308.10
Registrar Fees 36.52 65.71
Shares Transaction Expenses 17.22 -
Travelling Expenses 83.31 24.75
TOTAL 2,502.27 2,121.50
58
Key Ratios
Sl. Particulars YEAR % YEAR Numerator Denominator Reason for

No. ENDED CHANGE ENDED Variance
31/03/2022 W.R.T 31/03/2021
Y.E.31/03/
2021
1 Current Ratio 150.17 0.12 134.23 Current Current -
Assets Liabilities
2 Debt-Equity Ratio Not Not Not Total Debt Shareholder's -
Applicable Applicable Applicable (Non-current Equity
borrowings +
Current
Borrowings +
Total Lease
Liability)
3 Debt Service Not Not Not Net Profit Interest -
Coverage Ratio Applicable Applicable Applicable after taxes + payments+
Exception Long term
items + Non- Principal
cash Repayment+
operating Lease
expenses Payments
(depreciation)+
Finance
Costs+other
adjustements
(loss on sale
of PPE)
4 Return on Equity 0.04 -0.04 0.04 Net Profit Average -
Ratio after taxes Share's
Holder equity
5 Inventory turnover 0.11 - 0.00 Sale of Average There was
ratio Products inventory no inventory
as on 31/03/
2021 ,
hence NA
6 Trade Receivables There is no There is no There is Sale of Trade -
turnover ratio trade trade no trade Products Receivables
receivable, receivable, receivable,
hence, not hence, not hence, not
applicable applicable applicable
7 Trade payables There is no There is no There is Purchase of Trade -
turnover ratio trade trade no trade Goods Payables
receivable, receivable, receivable,
hence, not hence, not hence, not
8 Net capital turnover 0.13 0.27 0.10 Revenue Working Due to
ratio from Capital improved
Operations financials
during the
year, ratio
has
improved.
59
9 Net profit ratio 0.34 -0.01 0.34 Net Profit Revenue -

after taxes from
Oprerations
10 Return on Capital 0.06 0.25 0.05 Earnings "Capital Due to

employed before interest employed improved
and taxes (Tangible Net financials
(Loss before worth + Total during the
taxes+Finance Debt)" Total year, ratio
costs) Debt means has
improved.
11 Return on There being There being There Investment Cost of -
investment no no being no Gain Investment.
investment, investment, investment,
not not not
60
18. The company does not have any deferred tax asset/ liability as on 31st March, 2022.
19. Earning Per Share (EPS):
Basic EPS is calculated by dividing the profit for the year attributable to equity holders of the
company by the weighted average number of equity shares outstanding during the year.
Diluted EPS is calculated by dividing the profit attributable to equity holders of the company by
the weighted average number of equity shares outstanding during the year plus the weighted
average number of equity shares that would be issued on conversion of all the dilutive potential
equity shares into equity shares of the company.
The following reflects the income and share data used in the basic and diluted EPS computations:-
Particulars 31/03/2022 31/03/2021

Net Profit After Tax –Rs. in Lacs attributable to
Equity shareholders (A) 4012.12 3052.34
Total Number of Equity Shares outstanding as on
the balance sheet date (B) 55,00,000/- 55,00,000/-
Basic & Diluted EPS in Rs. (A/B) 0.73 0.55
20. Segment Information

The company operates in a single reportable segment i.e. financing, since the nature of the
loans are exposed to similar risk and return profiles hence they are collectively oprating under a
single segment. The company operates in a single geographical segment ie.domestic.
21. All the leases obtained by the company are of Short Term nature and hence ,right to use/ lease
liability have not been recognized in the financial statements.
22. Related Party Disclosure [AS-18]:
(As indentified by the management and relied upon by the Auditors)
Name of Nature of Nature of Amount Amount
the party Relation Transaction (Rs. in Lacs) (Rs. in Lacs)
31/03/2022 31/03/2021
Gyan Swaroop Garg Chairman cum Remuneration Paid 240.00 240.00
Managing Director
Advani Private Limited Associate company Temporary Advance 4396.63 3512.00
Taken & Refunded
Outstanding Balance Nil Nil
G.S.Garg (HUF) CMD is the Karta Rent Paid 300 300.00
of the HUF
Outstanding Balance Cr.71.00
Punit Garg & Nephew of Professional Charges 300.00 300.00
Associates Managing Director Paid
Outstanding Balance Cr.67.50 Cr.278.00
Aditya Dhanuka Son in Law Salary Paid - 1200.00
of the CMD
61
23. No proceedings have been initiated or pending against the company for holding any benami
property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made
there under.
24. Relationship with struck off companies:-

A summary of the major risk faced by the company, its measurement monitoring and management
are described as under:
Name of the Nature of transactions Balance Relationship with the Struck

struck off with Struck-off Company Outstanding off company, if any, to be
Company disclosed
NIL Investment in securities NIL NIL
NIL Receivables NIL NIL
NIL Payables NIL NIL
INDIANA Shares held by struck off Shares Held NIL

INTERNATIONAL company 3900 having
PRIVATE nominal
LIMITED value of
(U51109TN200 Rs.39,000/-
0PTC044111)
Other outstanding NIL NIL
balances (to be specified)
25. The company has neither received nor granted any funds from/to any person(s) or entity, including
foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise)
that the company shall directly or indirectly lend or invest in other persons or entities identified in
any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or provide
any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
62
26. Risk Management Objectives and policies
A summary of the major risk faced by the company, its measurement monitoring and management
are described as under:
Executive
Nature of Risk Arising From Measurement,monitoring and
Governance
management of risk
Structure
Liquidity and Liquidity risk arises from Board Liquidity and funding risk is:
funding risk mismatches in the timing of appointed  measured by identifying gaps in
cash flows. Asset the structural and dynamic
Funding risk arises: Liability liquidity statements.
Committee
 when long term assets (ALCO)  monitored by
cannot be funded at the - assessment of the gap between
expected term resulting visibility of funds and the near
in cash flow misma- term liabilities given current
tches; liquidity conditions and evolving
 amidst volatile market regulatory directions for NBFCs.
conditions impacting - a constant calibration of sources
sourcing of funds from of funds in line with emerging
banks and money market conditions in banking and
markets. money markets.
- periodic reviews by ALCO relating
to the liquidity position and stress
tests assuming varied 'what if'
scenarios and comparing
probable gaps with the liquidity
buffers maintained by the
Company.
Interest Interest rate risk stems Board Interest rate risk is:
rate risk from movements in market appointed  measured using Valuation at Risk
factors, such as interest Asset ('VaR'), and modified duration
rates, credit spreads which Liability analysis and other measures,
impacts the investments, Committee including the sensitivity of net
income and the value of interest income.
portfolios
 monitored by assessment of
probable impacts of interest rate
sensitivities under simulated
stress test scenarios given range
of probable interest rate
movements on both fixed and
floating assets and liabilities.
 managed by the Company's
treasury team under the guidance
of ALCO.
63
Credit risk Credit risk is the risk of Board Credit risk is:
financial loss arising out of appointed  measured as the amount at risk
a customer or counterparty Risk due to repayment default of a
failing to meet their Management customer or counterparty to the
repayment obligations to Committee Company. Various matrics such
the Company as EMI default rate, overdue
position, collection efficiency,
customers non performing loans
etc. are used as leading indicators
to assess credit risk.
 monitored by Risk Management
Committee using level of credit
exposures, portfolio monitoring,
repurchase rate, bureau data of
portfolio performance and
industry, geographic, customer
and portfolio concentration risks.
 managed by a robust control
framework by the risk department
which continuously align credit
policies, obtaining external data
from credit bureaus and reviews
of portfolios and delinquencies by
senior and middle Management
team comprising of risk, analytics,
collection and fraud containment
along with business. The same is
periodically reviewed by the
Board appointed Risk
Management committee.
Liqudity and funding risk

The company’s ALCO monitors asset liability mismatches to ensure that there are no imbalances or
excessive concentrations on either side of the Balance Sheet.
The company continuously monitors liquidity in the market; and as a part of its ALCO strategy, the
company maintains a liquidity buffer to reduce the risk.
In terms of our report of even date annexed

For B D S & Co. For Golechha Global Finance Limited
Sd/-
Sd/- Sd/-
Partner Gyan Swaroop Garg Mihir Ranjan Pal
Membership No. 061505 Chairman & Managing Director Wholetime Director & CFO
Firm Regn No. 326264E (DIN: 00602659) (DIN: 05322461)
UDIN : 21061505AAAANG2125 Sd/-
Aditi Bajaj Todi
Place : Kolkata
Company Secretary
Dated: 30th day of May, 2022
64
Schedule to the Balance Sheet as on 31ST MARCH, 2022

(as required in terms of Paragraph 9BB of
Non-Banking Financial Companies Prudential Norms (Reserve Bank) Directions, 1998
(Rs. in Lakhs)
Particulars Amount Out Amount
standing overdue
Liabilities side :
(1) Loans and advances availed by the NBFCs inclusive
of interest accrued thereon but not paid:
(a) Debentures : Secured NIL NIL
: Unsecured NIL NIL
(other than falling within the meaning of public deposits*)
(b) Deferred Credits NIL NIL
(c) Term Loans NIL NIL
(d) Inter-corporate loans and borrowing NIL NIL
(e) Commercial Paper NIL NIL
(f) Public Deposits* NIL NIL
(g) Other Loans (specify nature)* NIL NIL
*Please see Note 1 below
(2) Break-up of (1)(f) above (Outstanding public deposits
inclusive of interest accrued thereon but not paid):
(a) In the form of Unsecured debentures NIL NIL
(b) In the form of partly secured debentures i.e. NIL NIL
debentures where there is a shortfall in the value
of security
(c) Other public deposits NIL NIL
* Please see Note 1 below
Assets side :
Amount outstanding
(3) Break-up of Loans and Advances including bills
receivables [other than those included in (4) below] :
(a) Secured NIL
(b) Unsecured 774.67
(4) Break up of Leased Assets and stock on hire and
hypothecation loans counting towards EL/HP activities
(i) Lease assets including lease rentals under sundry debtors: NIL
(a) Financial lease NIL
(b) Operating lease NIL
(ii) Stock on hire including hire charges under sundry debtors: NIL
(a) Assets on hire NIL
(b) Repossessed Assets NIL
65
(iii) Hypothecation loans counting towards EL/HP activities NIL

(a) Loans where assets have been repossessed NIL
(b) Loans other than (a) above
(5) Break-up of Investments :
Current Investments :
1. Quoted :
(i) Shares : (a) Equity NIL
(b) Preference NIL
(ii) Debentures and Bonds NIL
(iii) Units of mutual funds NIL
(iv) Government Securities NIL
(v) Others (please specify) NIL
2. Unquoted :
(i) Shares : (a) Equity NIL
(b) Preference NIL
(ii) Debentures and Bonds NIL
(iii) Units of mutual funds NIL
(iv) Government Securities NIL
(v) Others (Please specify) NIL
Long Term investments :
1. Quoted :
(i) Share : (a) Equity -
(b) Preference -
(ii) Debentures and Bonds -
(iii) Units of mutual funds -
(iv) Government Securities -
(v) Others (Please specify) -
2. Unquoted :
(i) Shares : (a) Equity -
(b) Preference -
(ii) Debentures and Bonds -
(iii) Units of mutual funds -
(iv) Government Securities -
(v) Others (Please specify) -
(6) Borrower group-wise classification of all leased assets, stock-on-hire and loans and
advances :
Category Amount net of provisions
Secured Unsecured Total
1. Related Parties **
(a) Subsidiaries NIL NIL NIL
(b) Companies in the same group NIL NIL NIL
(c) Other related parties NIL NIL NIL
2. Other than related parties NIL 774.67 774.67
Total NIL 774.67 774.67
66
(7) Investor group-wise classification of all investments (current and long term) in shares
and securities (both quoted and unquoted):
Category Market Value / Break Book Value

up or fair value or NAV (Net of Provisions)
1. Related Parties **
(a) Subsidiaries NIL NIL
(b) Companies in the same group NIL NIL
(c) Other related parties NIL NIL
2. Other than related parties NIL NIL
Total NIL NIL
(8) Other information

Particulars Amount
(i) Gross Non-Performing Assets
(a) Related parties NIL
(b) Other than related parties NIL
(ii) Net Non-Performing Assets
(a) Related parties NIL
(b) Other than related parties NIL
(iii) Assets acquired in satisfaction of debt NIL
67
LEFT BLANK
68
NOTE
69
BOOK-POST
If undelivered please return to :

Regd Off: 522, Tobacco House, (5th Floor) No.1,
Old Court House Corner, Kolkata, West Bengal 700 001

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GOLECHHA GLOBAL FINANCE LTD

Sub: -Submission of Annual Report for the Financial Year - 2020-21

Ref: Scrip ID: 531360

This is for your information and records.

For Golechha Global Finance Limited

GOLECHHA GLOBAL FINANCE LIMITED

Secretarial Auditors Report 27

Management Discussion and Analysis Report 32

Independent Auditors Report 35

Statement of Profit & Loss Account 45

Cash Flow Statement 46

Schedules forming part of accounts 48

Ms. Aditi Bajaj : Company Secretary

By The Order Of The Board

NOTES FOR MEMBERS

Login type Helpdesk details

For Physical shareholders and other than individual shareholders holding

(vi) After entering these details appropriately, click on “SUBMIT” tab.

Date of Birth 17.07.1987

Date of Appointment on the Board 26.04.2010

Directorship in other companies (Excluding NIL

Last Remuneration Drawn NIL

Disclosure of relationships between Directors Son of Mr. GyanSwaroopGarg, Managing

Membership / Chairmanships of Committees in NIL

By The Order Of The Board

28.06.2021 12.08.2021 13.11.2021 11.02.2022

COMMITTEES OF THE BOARD:

Name of the Director Category No. of meetings

Devendra Kumar Garg Chairman 4

Durga Ramakrishnan Member 4

Divya Garg Member 4

Meetings during the year :

28.06.2021 12.08.2021 13.11.2021 11.02.2022

S.No Name Designation

Meetings during the year:

S.No Name Designation

1 Pending at the beginning of the year 0

There are no outstanding complaints as on 31st March, 2022.

By The Order Of The Board

2. Details of contracts or arrangements or transactions at Arm’s length basis.

By The Order Of The Board

I further report that

Name of Company Secretary In Practice: Disha Dugar

By The Order Of The Board

Report on Managerial Remuneration

Sr. Name of Director / KMP Remuneration of % increase in Ratio of

2 Mihir Ranjan W hole Appointed M.com., &

3 Gyan Swaroop Manag- Appointed Chartered Father of

5 Shanker Peon Regular NA 2015 68 - 1,01,500 No

6 Aditi Bajaj CS Regular CS 11.06.2019 38 Sunway Opus 2,40,000 No

By The Order Of The Board

INDUSTRIAL STRUCTURE AND DEVELOPMENT

KEY FINANCIAL RATIOS:

MATERIAL DEVELOPMENTS IN HUMAN RESOURCES:

INDEPENDENT AUDITORS’ REPORT

Management's Responsibility for the Financial Statements

For B D S & Co.

“ANNEXURE A" TO THE INDEPENDENT AUDITORS' REPORT

6) Maintenance of costing records: This clause is not applicable to the company.

LIABLITIES AND EQUITY