Mathew Easow Research Securities Ltd — Board Meeting, 27-05-2025: Board Meeting

mathew easow

research securities ltd.

Regd. Office: Rajkamal Building, 128, Rashbehari Avenue, 1st Floor, Kolkala. 700 029

CIN: L74910WB1994 PLC064483

Date: 27.05.2025

To

The Secretary

BSE Ltd.

Phirozee Jeejeebhoy Towers

Dalal Street, 251h Floor

Mumbai-400 00 l

Scrip Code: BSE-511688

Sub.: Outcome of Board Meeting held on 27'h May, 2025

({): 033 2464-7022

e-mail : mers.ltd.@gmail.com

web site : www.mersl.co.in

We would like to inform you that Board of Directors at their meeting held on 271h May, 2025 has

inter-alia considered and approved the following:

(I) The Standalone Audited Financial Results of the Company for the quarter and financial year

ended 31st March, 2025, prepared pursuant to Regulation 33 of SEBI (Listing Obligations

and Disclosure Requirements) Regulations, 2015("Listing Regulations"). Enclosed herewith

a copy of the said financial results along with Audit Report dated 27'h May, 2025 of M/s.

GGPS And Associates, Statutory Auditors of the Company.

(2) Undertaking regarding Non-Applicability of Statement of Deviation(s) or Variation(s) under

Regulation 32 of SEBr (Listing Obligations and Disclosure Requirements) Regulations, 2015.

(3) Declaration pursuant to Regulation 33(3)(d) of SEBI (Listing Obligations and Disclosure

Requirements) Regulations, 20 I 5.

Meeting was commenced at 2:00 P.M.(IST)

Meeting was concluded at 3.15 P.M (1ST)

This is for your and records.

Thanking You.

earch Securities Limited

Encl.: As above

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mathew easo ,

research securities ltd.

Regd. Office: Raikamal Building, 128, Rashbahari Avenue. 1st Floor, Kolkata • 700 029

(() : 033 2464-7022

e-mail: mers.ltd.@gmail.com

web site · vvww mersl co in

GIN: L74910WB1994 PLC064483 --------------------------___..J

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STATEMENT OF AUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED MARCH 31, 2025 Quarter ended Yur ended

Particulars 31.03.2025 31.12.2024 31.03.2024 Jl.Ol.20Z5 31.03.2024 !Audited) I Unaudited) (Audited) (Audited) (Audited)

(I) Revenue from Oporatlons lnterPst Income 60.36 83.47 67.19 258.88 246.34

Divtdend Income 0.19 0.21 Sale of Sn•t'll< and 1,200.00 1,200.00

Total tncon•e from Oferations (nett 60.36 113.47 1,267.19 259.07 1,446.55 (II) Other Income 0.45 1.25 7.45 7.64

(Ill (I +II) 60.81 83.47 1,268.44 266.52 1,454.19

(IV) Expenses 37.41 68.06 41.17 162.56 182.28

Purchase o ·Stock-in-trade In Inventories of Stock-in-trade 1,200.00 \,200.00

Employee flenefits Expenses 3.57 3.57 5.36 15.14 17.53 Depreciation, amortization and Impairment 0.35 0.36 0.37 1.45 1 52

Other Expeoses 17.82 8.72 18.16 76.21 44.64 Total Expenses 59.15 80.71 1,265.06 255.36 1,445.97

{V) Profit I (Loss) before ex,eptlomal item and tax (Ill· IV) 1.66 2.76 3.38 11.16 8.22 {VI} Exceptional Items

{VII) Profit I {Loss) before tax (V .. VI) 1.66 2.76 3.38 11.16 8.22 {VIII)

Tax CummtTa> 1.00 1.01 2.80 1.98

Tax ildjustments for earlier years (0.11) (0.11) Deferred Tax 0.17 0.22 0.17 0.22

(IX) Profit I (loss) fOr the period (VII· VIII) 1.60 1.76 2.15 8.30 6.02 (X)

Other Comorehensive Income (XI) Total Income for the period (IX+ X) 1.60 1.76 2.15 8.30 6.02

(XII) Paid-up eqwty share capital (Face 10/-) 665.00 665.00 665.00 665.00 665.00 (XIII) Other Eqully

752.82 744.52 (XN) Per Share (EPS) of Rs.10 each

Basic ( 0.02 0.03 0.03 0.12 0.09

Diluted ( 0.02 0.03 0.03 0.12 0.09

Notal:!

1. The above financial results which have been prepared in accordance with (Indian Accounting Standard) Rules, 2015 (IND AS) prescribed under

section 133 of the Companies Act, 2013 and Regulation 33 of the SEBI (Usting Obligations and Disclosure Requirements) Regulations, 2015 read with

SEBI circular dated July 5, 2016, have been reviewed by the Audit Committee and 01pproved by the Board of Directors at their meeting held on May, 27,

2025 and the audited results for the year ended March 31, 2025 have been duly audited by the sta.tutory auditor of the company.

2. The Company Is engaged In providing assistance to Corporate Bodies through Syndication of loans from various Bodies Corporate/Banks and

Financial Institutions. In term of lnd AS 108 "Operating Segment", the Company has one business segment i.e. Financing Activities and related products

and all other activities revolve around the said business.

3. Figures for the last quarter are balancing figures between Audited Figures in respect of full financial year and the un-audited published year to date

figures upto the third quarter of the finance year.

4. The financial ;re available on the website of the Stock Exchange at www.bseindia.com the Company's website at www.mersl.co.in.

5. Previous periods' figures have been regrouped/rearranged wherever necessary. .--=-

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Place: Kolkata 7 Whole Time Director Dated:May 27, 2(125 (DIN 0008017S)

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MATHEW EASOW RESEARCH SECURITIES LIMITED

STATEMENT OF A SETS AND LIABiliTIES AS AT 31ST MARCH, 2025

In lakhl

Particulars As at March 31, 2025 As at March 31, 2024

ASSETS

(I) Financial Ass t

(a) Cahan ash l:qulvalent 6.04 3.91

(b) Loans 3,594.88 3,696.37

(c) loth r lnanclal a ets 0.33 9.37 3,601.25 3,709.65

(II) I Non Financial Assets

(:l) lnventori 2.22 2.22

(b) Current Ta Assets (N t) 13.01 13.25

(C) Deferred Ta As ets (Net) 8.78 8.95

(d) Property, Plant and Equipment 8.17 9.63

(e) Other Non Financial Assets 1.49 2.28

33.67 36.33

Total Assets 3,634.92 3,745.98

liABILITIES AND EQUITY

LIABIUTIES

{I) Financial Uabilities

(a) Payables

(I) Trade Payables

(i) Total outstanding dues of micro enterprises and small -

enterprises

(ii) Total outstanding dues of creditors other than 17.23 7.21

micro and small enterprises

(II) Other Payables

(i) Total outstanding dues of micro enterprises and small -

enterprises

(ii) Total outstanding dues of creditors other than

micro and small enterprises

(b) Borrowings (Other than Debt Securities) 2,198.37 2,325.47

(c) Other Financial Liabilities

2,215.60 2,332.68

(II) Non Financial Uabilities

{a) Current Tax Uabilities (net)

(b) Provisions

(c) Deferred Tax Liabilities (net)

(d) Other Non Financial liabilities 1.50 3.78

1.50 3.79

(Ill) Equity

(a) Equity Share Capital 665.00 665.00

(b) Other Equity 752.82 744.52

1.417.82 1,409.52

Total Uabilitles and Equity 3,634.92 3,745.98

/

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MATHEW EASOW RESEARCH SECURITIES LIMITED

STATEMENT OF CASH FLOW FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025

Lakh)

For the year ended For the year ended

March 31, 2025 March 31, 2024

A.CASH FLOW FROM OPERATING ACTIVITIES

Profit before Tax 11.16 8.22

Add: Finance Co ts 162.56 182.28

Impairment allowances for doubtful loans

Loans and Advances written off 29.96 10.90

Provision Standard Assets 0.26

Depreciation and amortisation expenses 1.45 193.97 1.52 194.96

205.13 203.18 less: Interest Income on Fixed Deposit/Others

-1.39 Dividend Income from Investments

0.19 0.21 Interest on IT Refund

0.45 -Provisions I Liabilities no longer required written back -

0.64 1.60 Operating Profit before Working Capital changes

204.49 201.58

(Increase)/ Decrease in loans and advances and other assets 81.36 (385.24)

(Increase)/ Decrease in Inventories 1,200.00

Increase/ (Decrease) in Trade and other Payables 10.02 5.55

Increase/ (Decrease) Liabilities/ Provisions (2.28) 89.10 1.82 822.13

Cash generated from Operations 293.59 1,023.71

Less: Direct Taxes paid (Net) 2.44 (13.99)

Net cash flow from Operating activities 291.15 1,037.70

B. CASH FLOW FROM INVESTING ACTIVITIES

Interest on IT Refund 0.45 -

Interest received on Fixed Deposits -1.39

Dividend received 0.19 0.21

Net Cash flow from Investing activities 0.64 1.60

C. CASH FLOW FROM FINANCING ACTIVITIES

Proceeds/( Repayments) from short term borrowings (net) (127.10) (869.90}

Interest and other borrowing cost paid (162.56) (289.66) (182.28) (1,052.18)

Net cash flow from Financing activities (289.66) (1,052.18)

cash and cash equivalents (A+B+C) 2.13 (12.88)

cash and cash equivalents as at April 01 3.91 16.79

cash and Cash equivalents as at March 31 6.04 3.91

Not.e:

1. The above Statement of Cash !=lows has been prepared under the 'Indirect Method' as set out in lnd AS 7, 'Statement of Cash Flows' as notified under Companies Act, 2013.

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GGPS And Associates

INDIA

REG.NO. 032345

CHARTERED ACCOUNTANTS

115, P1 Floor, Vijay Shopping Mall, Bikaner (Raj.) 334001

mail@catarun.com, +91-9530099996

..........................................................................................................................................................................

INDEPENDENT AUDITORS' REPORT

The Board of Directors of Mathew Easow Research Securities Limited

Report on the audit of the Standalone Annual Financial Results

Opinion

We have audited the accompanying standalone financial results of Mathew Easow

Research Securities Limited ('the Company') for the year ended March 31, and

notes thereon (hereinafter referred to as the "Financial Results") attached herewrth,

compiled by the company pursuant to the requirement of Regulation 33 of the SEBI

Obligations and Disclosure Requirements) Regulations, 2015, as amended .. (

Regulations"). The financial result has been initialed by us for the purpose of identrfrcatron.

In our opinion and to the best of our information and according to the explanations given to

us, these Standalone financial results:

1. are presented in accordance with the requirements of Regulation 33 of the Listing

Regulations in this regard; and

11. give a true and fair view in conformity with the recognition and measurement principles laid

down in the applicable Indian Accounting Standards and other accounting principles

generally accepted in India of the net profit for the year ended March 31, 2025 and other

comprehensive income and other financial information for the year ended on that date.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified

under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under

those Standards are further described in the Auditors' Responsibilities for the Audit of the

Financial Results section of our report. We are independent of the Company in accordance

with the Code of Ethics issued by the Institute of Chartered Accountants of India together

with the ethical requirements that are relevant to our audit of the financial results under the

provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our

other accordance with and the Code of Ethics.

We believe that the audrt evrdence we have obtarned rs sufficrent and appropriate to provid

a basis for our opinion on the annual financial results. e

II I

I

I

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REG.NO. 032345

GGPS And Associates

CHARTERED ACCOUNTANTS

115, JS' Floor, Vijay Shopping Mall, Bikaner (Raj.) 33400 I

mail@catarun.com, +91-9530099996

Management's Responsibilities for the Standalone Financial Results

These standalone financial results have been prepared on the basis of the standalone

annual financial statements. The Company's Board of Directors are responsible for the

preparation of these financial results that give a true and fair view of the net profit for the

year ended March 31, 2025 and other comprehensive income and other financial

information of the company in accordance with the recognition and measurement principles

laid down in Indian Accounting Standard prescribed under Section 133 of the Act read with

relevant rules issued thereunder and other accounting principles generally accepted in India

and in compliance with Regulation 33 of the Listing Regulations. This responsibility also

includes maintenance of adequate accounting records in accordance with the provisions of

the Act for safeguarding of the assets of the Company and for preventing and detecting

frauds and other irregularities; selection and application of appropriate accounting policies;

making judgments and estimates that are reasonable and prudent; and design,

implementation and maintenance of adequate internal financial controls that were operating

effectively for ensuring the accuracy and completeness of the accounting records, relevant

to the preparation and presentation of the financial results that give a true and fair view and

are free from material misstatement, whether due to fraud or error.

In preparing the financial results, the Board of Directors are responsible for assessing the

Company's ability to continue as a going concern, disclosing, as applicable, matters related

to going concern and using the going concern basis of accounting unless the Board of

Directors either intends to liquidate the Company or to cease operations, or has no realistic

alternative but to do so.

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

reporting process.

Auditors' Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the financial results as a

whole are free from material misstatement, whether due to fraud or error, and to issue an

auditors' 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 results.

As part of an audit in accordance with SAs, we exercise professional judgment and

maintain professional scepticism throughout the audit. We also:

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REG.NO. 032345

GGPS And Associates

CHARTERED ACCOUNTANTS

115, P1 Floor, Vijay Shopping Mall, Bikaner (Raj.) 33400 I

mail@catarun.com, +91-9530099996

............................................................................................................................................................................

• Identify and assess the risks of material misstatement of the financial results, whether due to

fraud or error, design and perform audit procedures responsive to those risks, and obtain audit

evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not

detecting a material misstatement resulting from fraud is higher than for one resulting from

error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or

the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit

procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we

are also responsible for expressing an opinion whether the company has adequate internal

financial controls with respect to financial statements in place and the operating effectiveness

of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of

accounting estimates and related disclosures made by the Board of Directors.

• Conclude on the appropriateness of the Board of Directors' use of the going concern basis of

accounting and, based on the audit evidence obtained, whether a material uncertainty exists

related to events or conditions that may cast significant doubt on the Company's ability to

continue as a going concern. If we conclude that a material uncertainty exists, we are required

to draw attention in our auditors' report to the related disclosures in the financial results or. if

such disclosures are inadequate, to modify our opinion. Our conclusions are based on the

audit evidence obtained up to the date of our auditors' report. However, future events or

conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the financial results, including the

disclosures, and whether the financial results represent the underlying transactions and events

in a manner that achieves fair presentation.

Materiality is the magnitude of misstatements in the financial results that, individually or in

aggregate, makes it probable that the economic decisions of a reasonably knowledgeable

user of the financial results may be influenced. We consider quantitative materiality and

qualitative factors in (i) planning the scope of our audit work and in evaluating the results of

our work; and (ii) to evaluate the effect of any identified misstatements in the financial

results.

We communicate with those charged with governance regarding, among other matters, the

timing of the audit and significant audit findings, including any significant

defic1enc1es 1n Internal control that we identify during our audit.

W,e also provide. those with governance with a statement that we have complied

w1th relevant eth1cal reqUirements regarding independence, and to communicate with them

relationships and other matters that may reasonably be thought to bear on our

Independence, and where applicable, related safeguards.

J

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l{f.G.NO.

GGPS And Associates

CHARTERED ACCOUNTANT

115, p• Floor, Vijay Shopping Mall, Bikaner (Raj.) 334001

mail@catarun.com, +91 -9530099996

............................................................................................................................................................................

Other Matters

These financial results include the results for the quarter ended March 31, being the

balancing figures between the audited figures in respect of the full financial year and the

published year to date figures upto December 31 of the relevant financial year. These

figures were subject to limited review by us as required under the Listing Regulations.

Place: Kolkata

Date: May 27, 2025

For GGPS AND ASSOCIATES

Chartered O!!_.ntants

Firm 63z345N

(CA T a run Periwal)

Partner

Membership Number: 447670

UDI N-25447670BMIDTA2333

I!

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mathew easow

research securities ltd.

Regd. Office: Rajkamal Building, 128, Rashbehari Avenue, 1st Floor, Kolkata. 700 029

CIN: l74910WB1994 PLC064483

Date: 27th May, 2025

To

The Secretary

BSE Ltd.

Phirozee Jeejeebhoy Towers

Dalal Street, 251h Floor

Mumbai-400 001

Symbol BSE-511688

({) : 033 2464-7022

e-mail : mers.ltd.@gmail.com

web site : www.mersl.co.in

Sub. :Undertaking regarding Non-Applicability of Statement for Deviation(s) or Variation(s)

under Regulation 32 of SEBI (Listing Obligation and Disclosure Requirements)

Regulation, 2015.

Dear Sir/Madam,

This is to inform you that the Regulation 32 of the SEBI (Listing Obligation and Disclosure

Requirements) Regulation, 2015, statement of deviation and variation for proceeds of public

issue, Qualified Institutions Placement (QIP) etc. are not applicable for our Company M/s

Mathew Easaw Research Securities Limited for the quarter and financial year ended 31st

March, 2025.

This is for your information and record

Thanking You,

For Mathew Easaw Research Securities Limited

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mathew easow

. research securities ltd.

Regd. Office : RaJkamal Building, 128, Rashbehari Avenue. 1st Floor, Kolkata _ 700 029

CIN: L74910WB1994 PLC064483

Declaration Requirements) Regulations, 2015

(l) : 033 2464-7022

e-mail : mers.ltd.@gmail.com

web site: www.mersl.co.in

This is to declare that the Statutory Auditor of the Company, M/s. GGPS And Associates., Chartered

Accountants (Firm Registration No. -03234SN) have issued unmodified opinion on Annual Audited

Financial Results for the year ended March 31, 2025 with respect to M/s. Mathew Easow Research

Securities Limited.

Beda Nand ary

Whole time Director (DIN -00080175)

Date : 27.05.2025

Place : Kolkata

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