You are here » Home » Companies » Company Overview » Bridge Securities Ltd

Bridge Securities Ltd.

BSE: 530249 Sector: Financials
NSE: N.A. ISIN Code: INE958C01017
BSE 00:00 | 12 Aug 9.88 -0.14
(-1.40%)
OPEN

10.00

HIGH

10.00

LOW

9.52

NSE 05:30 | 01 Jan Bridge Securities Ltd
OPEN 10.00
PREVIOUS CLOSE 10.02
VOLUME 7859
52-Week high 71.15
52-Week low 7.71
P/E
Mkt Cap.(Rs cr) 3
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 10.00
CLOSE 10.02
VOLUME 7859
52-Week high 71.15
52-Week low 7.71
P/E
Mkt Cap.(Rs cr) 3
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Bridge Securities Ltd. (BRIDGESECURITIE) - Director Report

Company director report

Dear Members

Your directors have pleasure in presenting this 26th Annual Report togetherwith the Audited Financial Statements of your Company for the year ended March 31 2021.

FINANCIAL RESULTS

During the year under review the Company has shown notable performance. The extractsof financial results 2020-21 are as under:

Particulars 2020-21 2019-20
Total Revenue 21325473 15733329
Total Expenses 8882051 23468629
Profit / (Loss) Before Taxation 12443422 (7735300)
Provision for Income Tax 198 134
Provision for Deferred Tax NIL NIL
Profit after Taxation 12443224 (7735433)

HIGHLIGHTS OF PERFORMANCE

The income from operations during the year is Rs. 21299990 as against Rs.15552680 in the previous year. The Company made a profit before tax of Rs. 12443422as against the Loss of Rs. 7735300 in the previous year.

CHANGE IN THE NATURE OF THE BUSINESS IF ANY

During the period under review and till the date of Board's Report there was no changein the nature of Business.

DISCLOSURES UNDER SECTION 134 (3) (l) OF THE COMPANIES ACT 2013

No material changes and commitments which could affect your Company's financialposition have occurred between the end of the financial year of your Company i.e. 31stMarch 2021 and date of this Report i.e. 28th May 2021.

TRANSFER TO RESERVES

During the year The Board of Directors has not recommended transfer of any amount toreserves.

DIVIDEND

Your Directors intend to plough back available resources for the financial requirementsand express their inability to recommend any dividend for the financial year.

SHARE CAPITAL

The paid up Equity Share Capital as on 31st March 2021 was Rs. 33613000.During the year under review your Company has not issued shares with differential votingrights nor granted stock options nor sweat equity. There was no change in your Company'sShare Capital during the year under review. The Promoter and Promoter Group are holding2140358 shares equivalent to 63.68% of the total Issued and Paid-up Share Capital.

PLEDGE OF SHARES

None of the equity shares of the Directors of Your Company are pledged with any banksor financial institutions.

SUBSIDIARIES JOINT VENTURE AND ASSOCIATE COMPANY

The Company has no subsidiary Associate Companies and joint venture Company.

PARTICULARS OF LOANS GUARANTEES OR INVESTMENTS UNDER SECTION 186 OF THE COMPANIES ACT2013

The Company has not given any Loan or Guarantee and carried out any Investment coveredunder Section 186 of the Companies Act 2013 read with the Companies (Meetings of Boardand its Powers) Rules 2014.

PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES

The members may note that your Company has not entered into the following kinds ofrelated party transactions:

All related Party Transactions entered during the year were in the ordinary course ofbusiness and on arm's length basis. No material Related Party Transactions were enteredduring the year by your Company. Accordingly the disclosure of Related Party Transactionsto be provided under section 134 (3) (h) of the Companies Act 2013 in form AOC-2 is notapplicable.

CORPORATE SOCIAL RESPONSIBILITY INITIATIVES

The criteria prescribed for the applicability of Corporate Social Responsibility underSection 135 of the Companies Act 2013 are not applicable to the Company and therefore thecompany has no corporate social responsibility committee of the Board.

BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

The Board consist of Four (5) Directors and (1) CFO and (1) Company Secretary Mr. RajanBharatkumar Shah (CFO) Mr. Dashrathbhai Prahladbhai Thakkar (Non-Executive andIndependent Director) Mr. Hemant Pravinchandra Shah (Non-Executive and IndependentDirector) Mr. Pragnesh Ratilal Shah (Managing Director) Ms. Jayshreeben Hemantbhai Shah(Non-Executive and Independent Director) Mr. Vishal Pragneshbhai Shah (ExecutiveDirector) and Mr. Ashish Kailashnath Sharda (Company Secretary) There has been no changein composition of Board.

Retirement by Rotation

Pursuant to Section 152 (6) of the Companies Act 2013 and in terms of the Articles ofAssociation of your Company Mr. Pragnesh R. Shah (DIN: 00144888) Managing Director ofyour Company retires by rotation at the forthcoming Annual General Meeting beingeligible he offers himself for re-appointment.

Declaration by Independent Directors

Your Company has received declarations from all the Independent Directors of yourCompany confirming that they meet with the criteria of independence as prescribed bothunder Sub-Section 6 of Section 149 of the Companies Act 2013 and under Regulation 16(1)(b) of the SEBI (LODR) Regulations 2015 and pursuant to Regulation 25 of the saidRegulations that they are not aware of any circumstance or situation which exist or maybe reasonably anticipated that could impair or impact their ability to discharge theirduties with an objective independent judgment and without any external influence. TheIndependent Directors have also confirmed that they have complied with

Schedule IV of the Act and the Company's Code of Conduct.

Further the Independent Directors have also submitted their declaration in compliancewith the provision of Rule 6(3) of Companies (Appointment and Qualification of

Directors) Rules 2014 which mandated the inclusion of an Independent Director's namein the data bank of Indian Institute of Corporate Affairs ("IICA") for a periodof one year or five years or life time till they continue to hold the office of anindependent director. None of the directors of your Company are disqualified under theprovisions of Section 164(2) of the Companies Act 2013. Your directors have madenecessary disclosures as required under various provisions of the Companies Act 2013 andthe SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. In theopinion of the Board all the independent directors are persons of integrity and possessrelevant expertise and experience. Regarding proficiency the Company has adoptedrequisite steps towards the inclusion of the names of all Independent Directors in thedata bank maintained with the Indian

Institute of Corporate Affairs Manesar (‘IICA'). Accordingly the IndependentDirectors of the Company have registered themselves with the IICA for the said purpose. Interms of Section 150 of the Act read with Rule 6 (4) of the Companies (Appointment &Qualification of Directors) Rules 2014 certain Independent Directors are required toundertake online proficiency self-assessment test conducted by the IICA within a period ofone (1) year from the date of inclusion of their names in the data bank. Those IndependentDirectors who have to undertake online proficiency self-assessment test will appear forthe same.

Annual Board Evaluation

Pursuant to the provisions of the Companies Act 2013 and as per SEBI (LODR)Regulations 2015 the performance evaluation of the Independent Directors was carried outby the entire Board. The performance evaluation of the Chairman and the Non IndependentDirectors was carried out by the Independent Directors. The Board also carried out annualperformance evaluation of the working of its Audit Nomination and Remuneration as well asStakeholders Relationship Committee. The Directors expressed their satisfaction with theevaluation process.

Key Managerial Personnel

The following persons have been designated as Key Managerial Personnel of your Companypursuant to Section 2(51) and Section 203 of the Act read with Rule 8(5) (iii) of theCompanies (Accounts) Rules 2014 framed there under.

1. Mr. Pragnesh R. Shah -Managing Director and Chairman

2. Mr. Rajan B. Shah -CFO

3. Mr. Ashish K. Sharda -Company Secretary and Compliance Officer

None of the Key Managerial Personnel have resigned during the year under review. Noneof the Directors have attained the age of 75 years.

BOARD MEETINGS

The Board met 4 times during the financial year ended 31st March 2021.

Board Meetings were held on 26.06.2020 27.07.2020 06.11.2020 and 02.02.2021.

The intervening gap between any two consecutive meetings of the Board did not exceedone hundred and twenty days as prescribed under the Companies Act 2013 and the SEBI(LODR) Regulations 2015.

PARTICULARS OF EMPLOYEES:

There is no employee in the Company drawing remuneration in excess of limit prescribedin the Rule 5 (2) of the Companies (Appointment and Remuneration of Managerial Personnel)Rules 2014 for which information is required to be furnished under section 134 of theCompanies Act 2013 read with Companies (Particulars of Employees) Rules 1975 as amended.

DIRECTORS' RESPONSIBILITY STATEMENT:

Pursuant to Section 134 (5) of the Companies Act 2013 your Directors' confirm thefollowing:

(A) That in preparation of the annual accounts the applicable accounting standards hadbeen followed along with proper explanation relating to material departures;

(B) That the Directors have selected such accounting policies and applied themconsistently and made judgments and estimates that are reasonable and prudent so as togive a true and fair view of the state of affairs of the Company at the end of thefinancial year ended on 31st March 2021 and of the profit of the company forthe that year.

(C) That the Directors have taken proper and sufficient care for maintenance ofadequate accounting records for the year ended 31st March 2021 in accordancewith the provisions of the Companies Act 2013 for safeguarding the assets of the companyand for prevention and detection of fraud and other irregularities.

(D) That the Directors have prepared the accounts for the financial year ended 31stMarch 2021 on a going concern basis.

(E) That the Directors had laid down internal financial controls to be followed by theCompany and that such internal financial control is adequate and operating effectively.

(F) The Director had devised proper systems to ensure compliance with the provisions ofall applicable laws and such systems were adequate and operating effectively.

NON- EXECUTIVE DIRECTORS' COMPENSATION AND DISCLOSURES:

None of the Independent / Non-Executive Directors has any pecuniary relationship ortransactions with the Company which in the Judgment of the Board may affect theindependence of the Directors.

COMMITTEES OF THE BOARD

Following are the three committees constituted by the Board:

1. Audit Committee.

2. Stakeholders Relationship Committee and 3. Nomination & Remuneration Committee.

The Composition of Board Committees as on March 31 2021 was as under

1. Audit Committee

The Audit Committee of the Company consists of Mr. Dashrathbhai P Thakkar(Non-Executive & Independent Director) Mr. Hemant P Shah (Non-Executive &Independent Director) and Mrs. Jayshreeben Hemantbhai Shah (Non-Executive &Independent Director). The constituted Audit Committee meets the requirements underSection 177 of the Companies Act 2013.

The Chairman of the Committee is Mr. Dashrathbhai P Thakkar an Independent Directornominated by the Board.

The terms of reference of the Audit Committee inter alia include overseeing financialreporting process reviewing the financial statements and recommending appointment ofAuditors.

2. Nomination and Remuneration Committee

Nomination and Remuneration Committee of the Company consists of three Directorsnamely Mr. Dashrathbhai P Thakkar (Non-Executive & Independent Director) Mr. Hemant PShah (Non-Executive & Independent Director) and Mrs. Jayshreeben Hemantbhai Shah(Non-Executive & Independent Director).

The Chairman of the Committee is Mr. Dashrathbhai P Thakkar an Independent Directornominated by the Board.

The Committee's scope of work includes identifying the persons who are qualified tobecome directors and who may be appointed in senior management and recommend to the Boardtheir appointment and removal and carry out evaluation of every director's performancedeciding on remuneration of Directors. The Nomination and Remuneration Committee of theCompany meets the requirements under Section 178 (1) of the Companies Act 2013.

3. Stakeholders Relationship Committee (SRC)

The Company has a Stakeholders Relationship Committee comprising of Mr. Hemant P Shah(Non-Executive & Independent Director) Mrs. Jayshreeben H Shah (Non-Executive &Independent Director) and Mr. Dashrathbhai P Thakkar (Non-Executive & IndependentDirector). The Committee inter alia approves issue of duplicate share certificates andoversees and reviews all matters connected with the securities transfer. The Committeealso looks into Redressal of shareholders complaints like transfer/transmission of sharesnon- receipt of Annual Report non receipt of declared dividends etc. During the year nilcomplaints were received from investors in respect of share transfers. The constitutedStakeholder Relationship Committee also meets the requirements under Section 178(5) of theCompanies Act 2013.

The Chairman of the Committee is Mr. Hemant P Shah an Independent Director nominatedby the Board.

STATUTORY AUDITORS & THEIR FFES & OBSERVATION IN REPORTS

? Statutory Auditors

Your Company's Auditors M/s Bhaumik Shah & Co. Chartered Accountants Ahmedabadbearing registration number 137162W who retire at the forthcoming Annual General Meeting(AGM) of your Company are eligible for re-appointment. It is proposed to re-appoint themfrom the conclusion of 26th AGM till the conclusion of 27th AGM.Your Company has received a written confirmation from M/s Bhaumik Shah & Co CharteredAccountants Ahmedabad to the effect that their appointment if made would satisfy thecriteria provided in Section 141 of the Companies Act 2013 and the Rules framed thereunder for re-appointment as Auditors of your Company.

The Auditors have also furnished a declaration confirming their independence as well astheir arm's length relationship with your Company as well as declaring that they have nottaken up any prohibited non-audit assignments for your Company. The Audit Committeereviews the independence of the Auditors and the effectiveness of the Audit process.

? Observations of Statutory Auditors' in Report

The Report given by the Auditors on the financial statements of your Company is part ofthe Annual Report. There has been no qualification reservation adverse remark ordisclaimer given by the Auditors in their Report. The observations contained in the Auditreport submitted by M/s Bhaumik Shah & Co. Chartered Accountant Ahmedabad areself-explanatory and does not require any further explanation.

? Fees paid to statutory auditors

During the year ended 31st March 2021 your Company have paid aconsolidated sum of Rs. 30000 to the Statutory Auditor.

INDIAN ACCOUNTING STANDARDS (IND-AS)

Your Company has followed the relevant Accounting Standards notified by the Companies(Indian Accounting Standards) Rules 2015 while preparing its Standalone Annual FinancialStatements.

EXTRACT OF ANNUAL RETURN

Pursuant to the provisions of Section 92(3) of the Companies Act 2013 read with Rule12 of the Companies (Management and Administration) Rules 2014 the extract of the AnnualReturn in Form MGT 9 of your Company for the financial year ended 31st

March 2021 is annexed herewith as "Annexure I".

SECRETARIAL AUDITORS & THEIR OBSERVATION IN REPORTS

? Secretarial Audit

In terms of the provisions of Section 204 of the Act read with the Companies(Appointment and Remuneration of Managerial Personnel) Rules 2014 the Board hasappointed M/s Amrish Gandhi & Associates Company Secretaries in Practice asSecretarial Auditors for conducting Secretarial Audit of your Company for the financialyear ended 31st March 2021.

Pursuant to provisions of sub-section (1) of Section 204 of the Companies Act 2013 the

Company is required to annex with its Board's Report a secretarial audit report heretoattached as "Annexure-II" given by the Company Secretary in practice.

? Observation in Secretarial Audit Report

The Secretarial Audit Report does not contain any reservation qualification or adverseremark. The observations contained in the Audit report submitted by M/s Amrish Gandhi

& Associates Company Secretaries in Practice Ahmedabad are self-explanatory anddoes not require any further explanation

COMPLIANCE OF SECRETARIAL STANDARDS

The Board of Directors affirms that your Company has complied with the applicableSecretarial Standards (SS) issued by the Institute of Companies Secretaries of India (SS1and SS2) respectively relating to Meetings of the Board its Committees and GeneralMeeting which have mandatory application during the year under review.

DISCLOSURE ABOUT COST AUDIT

Cost Audit is not applicable to your Company.

REPORTING OF FRAUDS BY AUDITORS

During the year under review neither the statutory auditors nor the secretarialauditors have reported to the Audit Committee of the Board under Section 143 (12) of theAct any instances of fraud committed against your Company by its officers or employeesthe details of which would need to be mentioned in this Report.

SIGNIFICANT & MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALSIMPACTING THE GOING CONCERN STATUS OF THE COMPANY

No significant and material orders were passed by any Regulator(s) or Court(s) orTribunal(s) which would impact the going concern status of the company.

MATERIAL CHANGES AND COMMITMENTS IF ANY AFFECTING THE FINANCIAL POSITION OF THECOMPANY WHICH HAVE OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR OF THE COMPANY TO WHICHTHE FINANCIAL STATEMENTS RELATE AND THE DATE OF THE REPORT:

No material changes and commitment affecting the financial position of the Companyoccurred between the end of the financial year to which this financial statements relateand the date of this report.

INTERNAL AUDITOR

Pursuant to the provisions of Section 138 of the Companies Act 2013 and the Companies(Accounts) Rules 2014 your Company has appointed M/s MITALI MODI & CO. CharteredAccountants as Internal Auditors of your Company for the financial year 2021-22.

INTERNAL CONTROL SYSTEMS

? Internal Audit and its Adequacy

To maintain independence and objectivity in its functions the internal audit functionreports directly to the Audit Committee of the Board.

The audit plan aims to evaluate the efficacy and adequacy of the internal controlsystem and compliance thereof robustness of internal processes policies and accountingprocedures compliance with laws and regulations.

Based on the reports of internal audit function process owners undertake correctiveaction in their respective areas. Significant audit observations and corrective actionsthereon are presented to the Audit Committee of the Board.

? Internal Controls over Financial Reporting

We believe that these internal control systems provide among other things areasonable assurance that transactions are executed with Management authorization and thatthey are recorded in all material respects to permit preparation of financial statementsin conformity with established accounting principles and that the assets of your Companyare adequately safeguarded against significant misuse or loss.

? Adequacy of internal controls with reference to the financial statement

The company has adequate internal financial control system commensurate with the sizeof the company and the nature of its business with regards to purchase of fixed assets.The activities of the company do not involve purchase of inventories and sale of goods andservices. For the purposes of effective internal financial control the Company hasadopted various procedures for ensuring the orderly and efficient conduct of its businessincluding adherence to company's policies the safeguarding of its assets the preventionand detection of frauds and errors the accuracy and completeness of the accountingrecords and the timely preparation of reliable financial information.

The procedures are also reviewed by the Statutory Auditors and the Directors of theCompany from time to time. There has also been proper reporting mechanism implemented inthe organization for reporting any deviation from the procedures.

INSURANCE:

The Company does not have any major fixed assets and accordingly it is not required totake any insurance policy.

PUBLIC DEPOSITS

The Company has not accepted any fixed deposits during the financial year under review.

MD AND CFO CERTIFICATION

Certificate from Mr. Pragnesh Ratilal Shah (Managing Director) and Mr. RajanBharatkumar Shah (CFO) pursuant to provisions of SEBI (Listing Obligations and DisclosureRequirements) Regulations 2015 for the year under review was placed before the Board ofDirectors of your Company at its meeting held on 28th May 2021. Thecertificate is attached and form part of this Report.

CERTIFICATION FROM COMPANY SECRETARY IN PRACTICE

M/s Amrish Gandhi & Associates Company Secretaries in Practice Ahmedabad hasissued a certificate as required under the SEBI (LODR) Regulations 2015 confirming thatnone of the Directors on the Board of your Company have been debarred or disqualified frombeing appointed or continuing as Director of companies by the SEBI / Ministry of CorporateAffairs or any such statutory Authority. The certificate is attached and form part of thisReport.

ANNUAL SECRETARIAL COMPLIANCE REPORT

As per the limit prescribed in Regulation 15 of SEBI (Listing Obligation &Disclosure Requirements) Regulations 2015 the Company is not required to submit AnnualSecretarial Compliance Report for the period ended on 31st March 2021. Ascompany is not falling under the eligibility criteria the company claiming the exemptionunder Regulation 15(2) of SEBI (Listing obligation & Disclosure Requirements)Regulations 2015.

MANAGEMENT DISCUSSION AND ANALYSIS

As required under the Schedule V (B) of SEBI (LODR) Regulations 2015 report on

"Management Discussion and Analysis" is attached and form part of this AnnualReport.

CORPORATE GOVERNANCE

As per Regulation 15(2) of SEBI (Listing Obligations and Disclosure Requirements)Regulations 2015 the Compliance with the Corporate Governance Provisions shall not applyin respect of the listed entity having paid up Equity Share Capital not exceeding RupeesTen Crores and Net worth not exceeding Rupees Twenty-Five Crores as on the last day of theprevious financial year.

RISK MANAGEMENT POLICY

At Present the Company has not identified any element of risk which may threaten theexistence of the Company.

Your Company has not formed Risk Management Committee since it is not applicable underRegulation 21 of the SEBI (LODR) Regulations 2015.

EVENT BASED DISCLOSURES

During the year under review the Company has not taken up any of the followingactivities:

1. Issue of sweat equity share: NA

2. Issue of shares with differential rights: NA

3. Issue of shares under employee's stock option scheme: NA

4. Disclosure on purchase by Company or giving of loans by it for purchase of itsshares: NA

5. Buy back shares: NA

6. Disclosure about revision: NA

7. Preferential Allotment of Shares: NA

DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION PROHIBITIONAND REDRESSAL) ACT 2013

Your Company believes in providing a safe supportive and friendly workplaceenvironment a workplace where our values come to life through the supporting behaviours.Positive workplace environment and a great employee experience are integral part of ourculture. Your Company believes in providing and ensuring a workplace free fromdiscrimination and harassment based on gender.

Your Company educates its employees as to what may constitute sexual harassment and inthe event of any occurrence of an incident constituting sexual harassment; your Companyprovides the mechanism to seek recourse and redressal to the concerned individualsubjected to sexual harassment.

CONSERVATION OF ENERGY TECHNOLOGY ABSORPTION FOREIGN EXCHANGE EARNINGS AND OUTGO:

Section 134(3) (m) of the Companies Act 2013 read with a Companies (Disclosure ofparticulars in the report of the Board of Directors) Rules 8 is not applicable since thecompany does not have any manufacturing activities.

There has been no expenditure and /or earning in foreign exchange.

VIGIL MECHANISM / WHISTLE BLOWER POLICY

The Company has in place the whistle blower mechanism for directors employees with aview to provide for adequate safeguards against victimization of stakeholders and providefor direct access to the Chairperson of the Audit Committee in appropriate cases.

Whistle Blower Policy is the vigil mechanism instituted by your Company to reportconcerns about unethical behaviour in compliance with the requirements of the

Companies Act 2013 and the SEBI (LODR) Regulations 2015. The Board's Audit

Committee oversees the functioning of this policy. Protected disclosures can be made bya whistle blower through several channels to report actual or suspected frauds andviolation of your Company's Code of Conduct and / or Whistle Blower Policy. Details of theWhistle Blower Policy have been disclosed on your Company's website.

HUMAN RESOURCES

There are no employees in your company except Company Secretary and the affairs aremanaged by the Directors.

ENVIRONMENT AND SAFETY

Your Company is conscious of the importance of environmentally clean and safeoperations. Your Company's policy requires conduct of operations in such a manner so asto ensure safety of all concerned compliances of environmental regulations andpreservation of natural resources.

ENHANCING SHAREHOLDERS VALUE

Your Company believes that its Members are among its most important stakeholders.Accordingly your Company's operations are committed to the pursuit of achieving highlevels of operating performance and cost competitiveness consolidating and building forgrowth enhancing the productive asset and resource base and nurturing overall corporatereputation. Your Company is also committed to creating value for its other stakeholders byensuring that its corporate actions positively impact the socio-economic and environmentaldimensions and contribute to sustainable growth and development.

GREEN INITIATIVES

Electronic copies of the Annual Report 2020-21 and Notice of the 26th AnnualGeneral Meeting are sent to all members whose email addresses are registered with yourCompany / RTA.

For members who have not registered their email addresses physical copies of theAnnual Report were being sent under Section 101 of the Companies Act 2013 in thepermitted mode. However in view of Covid 19 pandemic the Ministry of Corporate Affairsvide its circular no. 17 / 2020 dated 13th April 2020 and circular no. 20/2020 dated 5th May 2020 and SEBI vide its circular bearing reference no.SEBI/HO/CFD/CMD1/ CIR/P/2020/79 dated 12th May 2020 has dispensed with therequirement of sending hard copy of full annual report to the shareholders. AccordinglyMembers who have not registered their email address with the Company or the RTA arerequested to download the copy of the Annual Report from the website of the Company &from the website of BSE limited i.e. www.bseindia.com.

Your Company provides e-voting facility to all its members to enable them to cast theirvotes electronically on all resolutions set forth in the Notice. This is pursuant to theSection 108 of the Companies Act 2013 and Rule 20 of the Companies (Management andAdministration) Amendment Rules 2015.

LISTING WITH STOCK EXCHANGES

Your Company is listed with only one Stock Exchange i.e. BSE Limited and your Companyhas duly paid the listing fees to the Exchange.

CORPORATE INSOLVENCY RESOLUTION PROCESS INITIATED UNDER THE INSOLVENCY AND BANKRUPTCYCODE 2016 (IBC):

There is no application filed for corporate insolvency resolution process by afinancial or operational creditor or by the company itself under the IBC before the NCLT.

CODE OF CONDUCT

The Chairman of the Board Meetings has given a declaration that all Directors andsenior Management Personnel concerned affirmed compliance with the code of conduct withreference to the year ended March 31 2021.

CODE OF CONDUCT FOR THE PREVENTION OF INSIDER TRADING:

The Board of Directors has adopted the Insider Trading Policy in accordance with therequirements of the SEBI (Prohibition of Insider Trading) Regulation 2015. The InsiderTrading Policy of the Company lays down guidelines and procedures to be followed anddisclosures to be made while dealing with shares of the Company as well as theconsequences of violation. The policy has been formulated to regulate monitor and ensurereporting of deals by employees and to maintain the highest ethical standards of dealingin Company securities. The Insider Trading Policy of the Company covering code ofpractices and procedures for fair disclosure of unpublished price sensitive informationand code of conduct for the prevention of insider trading is available on our website.

ACKNOWLEDGEMENT

Your Directors wish to place on record and acknowledge their appreciation for thecontinued support and co-operation received from Government agencies and the Shareholders.

CAUTIONARY STATEMENT

Statements in the Board's Report and the Management Discussion & Analysisdescribing your Company's objectives expectations or forecasts may be forward-lookingwithin the meaning of applicable securities laws and regulations. Actual results maydiffer materially from those expressed in the statement

By Oder of the Board

For Bridge Securities Limited

Pragnesh R Shah

Chairman & Managing Director

DIN: 00144888

Address: Haveli Shreeji ParkNr. Ramji Mandir

Punit Marg Maninagar Ahmedabad 380008

Date: 28th May 2021

Place: Ahmedabad

.