my money securities ltd Management discussions

India entered FY2023 amidst uncertain macroeconomic environment. The threat posed by the Omicron coronavirus subtype quickly subsided but at the same time geopolitical conflicts arose between Russia and Ukraine. In addition to that, Chinas decision to continue lockdown in its cities due to the increasing number of Covid cases had a detrimental impact on the global supply chain. This led to significant increase in oil and food prices which in turn lead to rise in inflation across the global economies. Due to the escalating inflation rates, several central banks have embarked on a course of action to increase interest rates. Notably, the US Federal Reserve responded by raising interest rates 10 times in a span of 14 months, resulting in a rate of 5.25%, the highest level observed in 16 years, in an endeavor to stabilize prices. Similarly, the European Central Bank opted to raise rates for the first time in 11 years. In India, retail inflation, as indicated by the Consumer Price Index, attained an eight-year peak in April 2022 and consistently exceeded the upper tolerance threshold of 6.0% set by the Reserve Bank of India (RBI) for a significant portion of the year. The Monetary Policy Committee (MPC) of the RBI took a unanimous decision during an offcycle meeting in May 2022 to increase the repo rate by 40 basis points. Subsequently, additional rate hikes were implemented, culminating in the sixth continuous rate hike since May 2022. In aggregate, the repo rate was raised by 250 basis points during the fiscal year 2023, reaching a level of 6.5%. Meanwhile, the reverse repo rate remained unchanged at 3.35%. Consequently, retail inflation subsided to a 15-month low of 5.66% in March 2023. In April 2023, the MPC maintained the repo rate at 6.5% while affirming its commitment to a gradual withdrawal of accommodative measures. Indias GDP experienced double-digit growth of 13.1% in Q1FY2023 partially due to the base effect. However, growth slowed down in Q2FY2023 and Q3FY2023, reaching 6.2% and 4.5% respectively, due to high inflation and weakening demand. In Q4FY2023, growth bounced back to 6.1%, pushing the overall growth rate to 7.2% for FY2023. India continues to be one of the fastest growing major economies globally in FY2023. The International Monetary Fund (IMF) revised Indias growth forecast for FY2024 to 5.9% from its previous estimate of 6.1%, citing a slowdown in domestic consumption and challenging external conditions. Additionally, the IMF reduced Indias growth forecast for FY2025 by 50 basis points to 6.3%. Despite these downward revisions, India will still maintain its position as one of the fastest-growing major economies globally. The Indian economy has demonstrated remarkable resilience in the face of the deteriorating global situation due to strong macroeconomic fundamentals. Steps to promote ease of doing business, skilled manpower, presence of natural resources, liberal FDI policies, huge domestic market and prospects of healthy GDP growth have made India an attractive destination for foreign investors. Thus, going forward, India is expected to see relatively stronger growth. Equity Markets Indian markets had a quiet FY2023 with major indices closing flat. The year started with ongoing Russia-Ukraine geopolitical tensions, accelerated monetary tightening by major central banks, volatility in commodity prices etc. Equity markets, which were down during the first quarter, bounced back with Nifty achieving an all-time high of 19000 in the month of March 2023. The key factors that supported the bullish run were relative strong domestic growth, robust corporate earnings, optimistic growth outlook, large inflows into domestic institutional investors etc. Sensex and Nifty closed at 58,992 and 17,360 respectively in March 2023, down from all-time high due to US banking crisis where multiple banks were declared insolvent. Still, India was the second best equity market performer among the emerging markets in FY2023 after South Africa.

Capital Market Business

Broking Business

Our Broking revenue was 7516.71/- thousands And total Income was 2634/- thousands.

In FY2023, 2.5 crores new demat accounts were opened as against 3.5 crores in FY2022. This drop is attributed to various factors like volatile market conditions, tepid IPO markets etc. CDSL, the largest depository in India in terms of number of demat clients, crossed 8 crore mark. The total number of demat accounts, across CDSL and NSDL, stood at 11.45 crores as of 31st March 2023, registering a growth of 28% YoY.

During the financial year, SEBI issued new guidelines for settlement of running accounts of clients funds or securities lying with stock brokers. Under the new guidelines, SEBI decided that the settlement of running account of funds of the client shall be done by the Trading Member after considering the End of the day (EOD) obligation of funds as on the date of settlement across all the exchanges on the first Friday of the quarter for all the clients. Further, clients can also opt for monthly settlement. The new regulation came into effect from October 1, 2022. Indian stock markets also shifted to a shorter trading cycle settlement (T+1) on January 27, 2023 to bring in operational efficiency.

To curb possible misuse of clients funds by brokers, the board of SEBI approved a proposal to introduce a regulatory framework on upstreaming of clients funds by Stock Brokers (SBs)/ non- bank Clearing Members (CMs) to Clearing Corporations (CCs). Under the approved framework, clients funds shall be upstreamed on End of Day basis, so as to ensure that clients funds are not retained by SBs/non-bank CMs. The funds shall be upstreamed only in the form of cash, lien on Fixed Deposit Receipts, or pledge of units of Mutual Fund Overnight Schemes. Further, stock brokers would no longer be allowed to use their clients funds for bank guarantees (BGs) from May 1, 2023 and existing BGs created out of clients funds shall be wound down by September 30, 2023.

We plan to move to "Phygital Business model" which offers best of both the worlds Through enhanced customer experiences, high-quality advisory, digital initiatives, distribution of assets-based products, system-driven trading products, and network expansion, our business aims to increase scale and remain competitive. We have robust dedicated advisory desks for mass-retail and affluent clients. We set ourselves apart from discount brokers as we concentrate on knowledge and advisory.

OUR BUSINESS STREAMS AND OUTLOOK:

The company had undertaken measures to strengthen its capital base December 2010. The Company got Listed on BSE Ltd during the year.

The company has made strategic investments in future business:

Sr. No.	Name of the Company	Business	MMSL Shareholding
1.	MY MONEY CREDITS (P) LTD.	FINANCIAL SERVICES	3.82%

REPORT ON CORPORATE GOVERNANCE

1. CORPORATE GOVERNANCE PHILOSOPHY:

The Mechanism of Corporate Governance is aimed at ensuring the greater transparency and better and timely reporting of the affairs of the Company to its stakeholders. The Element of Corporate Governance contributes in generating the value for its shareholders at large.

My Money Securities Limited believes that good Corporate Governance is vital for achieving long term Corporate Goals and for enhancing Stakeholders value. In this pursuit, your Companys philosophy on Corporate Governance envisages the attainment of highest levels of transparency, accountability and integrity in all facets of its operations. The Company has been practicing the principles of good Corporate Governance over the years. All employees are bound by a code of conduct that sets forth the Companys policies on important issues including with clients, shareholders, National Stock Exchange and Government.

Pursuant to Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") the Company has executed fresh Listing Agreements with the Stock Exchanges The Board of Directors of the Company continues to lay great emphasis on the broad principles of Corporate Governance. Our pursuit towards achieving good governance is an ongoing process in-so-far as compliance with the requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is concerned; the Company is in full Compliance with the norms and disclosure that have to be made in corporate governance format.

COMPOSITION, ATTENDANCE AT THE BOARD MEETINGS AND THE LAST ANNUAL GENERAL MEETING, OUTSIDE DIRECTORSHIP AND OTHER BOARD COMMITTEES

1. BOARD OF DIRECTORS a. COMPOSITION

The Company has optimal combination of executive directors, non-executive directors and independent directors. As on March 31, 2023 the Companys Board comprised of ve Directors, out of which two Executive Promoter Director, one Non-Executive Non Independent Director (Women Director) and two Non-Executive Independent Directors . The Board has no institutional Nominee Director. The Chairman of the Board is Non Executive Independent Director. None of the Directors on the Board: • holds directorships in more than ten public companies; • serves as Director or as Independent Directors (ID) in more than seven listed entities; and • is the Executive Directors serves as IDs in more than three listed entities • holds membership of more than 10 Committees or Chairperson of more than 5 Committees [ Chairperson/ membership of Audit Committee and Stakeholders Relationship Committee have been considered]

• Necessary disclosures regarding Committee positions in other public companies as on March 31, 2023 have been made by the Directors.

The Board has following composition as at March 31, 2023

S. No.	Name of Directors	DIN (s)	Category	Designations
1.	Mr.Sandeep Gupta	00411271	Non Executive	Chairman
			Independent Director
2.	Mr. Vikas Seth	00383194	Executive Director	Managing Director
3.	Mr. Sanjai Seth	00350518	Executive Director	Whole Time Director & CFO
4.	Mrs. Rajni Seth	00350604	Non Executive	Non Independent Director
5.	Mr. Ranjan Srinath	08555186	Non Executive	Independent Director

The Details of Attendance of Directors at Board Meetings & the Last AGM, outside directorships & other Board Committees as on 31^st March, 2023 is tabled hereunder:

BOARD MEETINGS HELD DURING THE FINANCIAL YEAR ENDED 2023

The Board met at least once in every quarter to review the Companys operation and to consider, among other business, the quarterly performance and nancial results of the Company. The gap between any two meetings did not exceed one hundred and twenty days.

The details of Board Meetings held during the financial year 2022-23 are 20^th May 2022, 30^th May 2022 ,30^th June 2022,10^th August 2022, 17^th August 2022, 22^nd August 2022, 20^th October 2022, 28^th October 2022, 14^th November 2022, 27^th December 2022,30^th January 2023, 9^th February 2023, 27^th March 2023.All the Board Meetings were held at the registered office of the Company.

The details of Directors, category of Directors, No. of other Directorship/ Committee membership held by them as on 31st March, 2023 are given below:

S. No. Name of the Director	Date of Appointment	Designation	Category of Directorship	No. of outside Directorship		No. of Committee
				Public	Private	Memberships	Chairmanship
1 Mr. Sandeep Gupta	27.09.2019	Chairman	Non Executive/ Independent	Nil	2	3	Nil
2 Mr Vikas Seth	11.01.1993	Managing Director	Executive Director	Nil	5	Nil	Nil
3 Mr. Sanjai Seth	11.01.1993	Whole Time Director	Executive Director	Nil	5	3	Nil
4 Mrs Rajni Seth	14.08.1994	Director	Non Executive	Nil	Nil	2	Nil
5 Mr. Ranjan Srinath	27.09.2019	Director	Non Executive/Independent	Nil	Nil	Nil	4

The Committees considered for the purpose are those prescribed under Regulation 26(1)(b) of the SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015. None of the Directors on the Board is a member of more than 10 Committees or Chairman of more than 5 Committees across all listed Companies in which he is a Director.

All the relevant information, required to be placed before the Board of Directors as per Regulation 17(7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are duly considered and taken on record / approved by the Board. Further, the Board periodically reviews Compliance Reports in respect of laws and regulations applicable to the Company.

C. SHAREHOLDINGS OF DIRECTORS AS ON MARCH 31, 2023

S. NO.	NAME OF DIRECTOR	SHAREHOLDINGS (NO. OF SHARES)
1	Mr. VIKAS SETH	9,46,850
2	Mr. SANJAI SETH	29,53,600
3	Mr. RANJAN SRINATH	NIL
4	Mrs. RAJNI SETH	7,90,300
5	Mr. SANDEEP GUPTA	10

D. ATTENDANCE RECORD OF THE DIRECTORS AT THE BOARD MEETINGS AND AT THE ANNUAL GENERAL

MEETING IS AS UNDER:

Name of Director	No. of Board Meeting Attended	Attendance at last AGM
Mr. VIKAS SETH	13	Yes
Mr. SANJAI SETH	13	Yes
Mr. RANJAN SRINATH	13	Yes
Mr. SANDEEP GUPTA	13	No
Mrs. RAJNI SETH	13	Yes

E. INDEPENDENT DIRECTORS

Independent Directors are non-executive directors as defined under Regulation 16(1)(b) of the SEBI Listing Regulations and Section 149(6) of the Companies Act, 2013 along with rules framed hereunder. In terms of Regulation 25(8) of the SEBI Listing Regulations, Independent Directors have confirmed that they are not aware of any circumstance or situation which exists or may be reasonably anticipated that could impair or impact their ability to discharge their duties.

Based on the declarations received from the Independent Directors, the Board of Directors has confirmed that they meet the criteria of independence and they are independent of management.

During the year under review, Mr. Sunil kumar Khanna who was appointed as Independent Director of the Company at AGM on 25.09.2022 had resigned w.e.f 28.10.2022 due to the health reasons .

The Company has two Independent Directors having expertise in their respective fields. As on the date of signing of this report both the Independent Directors are registered under the IICA Data Bank and have given a declaration that they meet the criteria of Independence as required under section 149(7) of the Companies Act, 2013, and they maintain the limit of Directorship as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. During the year, a separate meeting of the Independent Directors was held on 11/02/2023 without the attendance of Non Independent Directors. All the Independent Directors attended the said meeting. At this meeting, the Independent Directors inter alia evaluated the performance of the Non-independent Directors and the Board of Directors, as a whole, Evaluation of the quality, content and timelines of flow of information between and Management and the board that it is necessary for the Board to effectively and reasonably perform its duties.

F. FAMILIARISATION PROGRAMME

The Company follows familiarisation programmes through various reports/ codes/ policies for all the Directors. The details of familiarization programme have been posted on the website of the Company under the web link: http:www.mymoneyviews.com

G. PECUNIARY RELATIONSHIP

The independent Directors do not have any material pecuniary relationship or transactions with the Company, its Directors and its senior management personnel which may affect their independence, except for the Sitting fees, drawn for attending the meetings of the Board and Committee(s) thereof.

H. PERFORMANCE EVALUATION OF DIRECTORS

The Nomination and Remuneration Committee of the Board reviewed the criteria laid down for the performance evaluation of all Directors. The performance evaluation has been done by the entire Board of Directors, except the Director concerned being evaluated.

I. BOARDS FUNCTIONING & PROCEDURES

The Board plays a pivotal role in ensuring good governance. Its style of functioning is democratic. The Members of the Board have always had complete freedom to express their opinion and decisions are taken on the basis of a consensus arrived at after detailed discussion. The members are also free to bring up any matter for discussion at the Board Meetings with the permission of the Chairman, accountability are clearly defined. In addition to its primary role of setting corporate goals and monitoring corporate performance, it directs and guides the activities of the management towards the set goals and seeks accountability with a view to ensure that the corporate philosophy and mission viz., to create long term sustainable growth that translates itself into progress, prosperity and the fulfilment of stakeholders aspirations, is accomplished. It also sets standards of corporate behaviour and ensures ethical behaviour at all times and strict compliance with Laws and Regulations.

The items placed at the Meetings of the Board include the following:

• Report on operations of all businesses including progress on ongoing projects.

• Opportunities for expansion, modernization, new projects.

• Financial plans and budgets and updates/ reviews thereof.

• Strategic and business plans and updates/ reviews thereof.

• Minutes of the meetings of the Audit Committee and other committees of the Board.

• Corporate performance against strategic and business plans.

• The unaudited quarterly financial results and the audited annual accounts of the company.

• Financial statements such as cash flow, inventories, sundry debtors, and/or other liabilities or claims of substantial nature.

• Regular assessment of risk and minimization procedure as per Risk Management policy of the Company. Status of borrowings and details of material foreign exchange exposures and the steps taken by the management to limit the risks of adverse exchange rate movement, if any.

• Delegation of powers to the management.

• Any material default in financial obligations to and by the company.

• Review compliance of all laws applicable to the company including the requirements of the Listing Agreement with the Stock Exchanges and steps taken by the company to rectify instances of non-compliances, if any.

• Material communications from Government including show cause notices demand and penalty notices, if any, which are materially important.

• Communication to the Stock exchanges, the Shareholders and the press regarding Companys performance, future plans and other decision/changes of significant importance or of price sensitive nature.

• All the items on the Agenda are accompanied by notes giving comprehensive information on the related subject and in certain matters such as financial/business plans, financial results, detailed presentations are made. The Agenda and the relevant notes are sent in advance separately to each Director to enable the Board to take informed decisions.

• The minutes of the meetings of the Board are individually given to all directors and confirmed at the subsequent Board Meeting. The Minutes of the various Committees of the Board are also individually given to the Board Directors and thereafter tabled for discussion at the subsequent Board Meeting, in compliance with Secretarial Standards issued by the Institute of Company Secretaries of India.

3. COMMITTEES OF THE BOARD

I. AUDIT COMMITTEE

Terms of Reference

The role and terms of reference of the Audit Committee covers the area mentioned under SEBI Regulation 18 of SEBI (LODR) regulations, 2015 and section 177 of the Companies Act, 2013 besides other terms as may be referred by the Board of Directors.

Composition of Audit Committee

The Audit Committee comprises of three directors. Mr. RANJAN SRINATH, Mr. SANJAI SETH & Mr. SANDEEP GUPTA reconstituted on 27/09/2019.

Mr. RANJAN SRINATH & Mr. SANDEEP GUPTA were Non-Executive Independent Directors and Mr. SANJAI SETH is Executive Director. Mr. RANJAN SRINATH has having back ground of Banking and Financial knowledge. He is the Chairman of the Audit Committee.

Meetings and Attendance

The Audit Committee met 13 times during the financial year ended 2022-23 on 20^th May 2022, 30^th May 2022 ,30^th June 2022,10^th August 2022, 17^th August 2022, 22^nd August 2022, 20^th October 2022, 28^th October 2022, 14^th November 2022, 27^th December 2022,30^th January 2023, 9^th February 2023, 27^th March 2023

Sr. No.	Name of the Committee Member	Position	Category	No. of Meeting held	No. of Meetings attended
1.	Mr. Ranjan Srinath	Chairman	Independent & NEC	13	13
2.	Mr. Sanjai Seth	Member	ED	13	13
3.	Mr. Sandeep Gupta	Member	Independent	13	13

ED-Executive Director NEC: Non Executive chairman

The minutes of the Committee are placed before the Board.

Functions of the Audit Committee i) Oversight of the companys financial reporting process and the disclosure of its financial information to ensure that the financial statement is correct, sufficient and credible; ii) Recommendation for appointment, remuneration and terms of appointment of auditors of the company; iii) Approval of payment to statutory auditors for any other services rendered by the statutory auditors; iv) Reviewing, with the management, the annual financial statements and auditors report thereon before submission to the board for approval, with particular reference to: a. Matters required to be included in the Directors Responsibility Statement to be included in the Boards report in terms of clause (c) of subsection 3 of section 134 of the Companies Act, 2013; b. Changes, if any, in accounting policies and practices and reasons for the same; c. Major accounting entries involving estimates based on the exercise of judgment by management; d. Significant adjustments made in the financial statements arising out of audit findings; e. Compliance with listing and other legal requirements relating to financial statements; f. Disclosure of any related party transactions; g. Qualifications in the draft audit report. v) Reviewing, with the management, the quarterly financial statements before submission to the board for approval; vi) 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 utilisation of proceeds of a public or rights issue, and making appropriate recommendations to the Board to take up steps in this matter; vii) Review and monitor the auditors independence and performance, and effectiveness of audit process; viii) Approval or any subsequent modification of transactions of the company with related parties; ix) Scrutiny of inter-corporate loans and investments; x) Valuation of undertakings or assets of the company, wherever it is necessary; xi) Evaluation of internal financial controls and risk management systems; xii) Reviewing, with the management, performance of statutory and internal auditors, adequacy of the internal control systems; xiii) 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; xiv) Discussion with internal auditors of any significant findings and follow up there on; xv) Reviewing 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; xvi) 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 concern; xvii) To look into the reasons for substantial defaults in the payment to the depositors, debenture holders, shareholders (in case of non-payment of declared dividends) and creditors; xviii) To review the functioning of the Vigil Mechanism; xix) Carrying out any other function as is mentioned in the terms of reference of the Audit Committee.

Powers of Audit Committee

(i) To investigate any activity within its terms of reference. (ii) To seek information from any employee.

(iii) To obtain outside legal or other professional advice.

(iv) To secure attendance of outsiders with relevant expertise, if it considers necessary.

Review of information by Audit Committee

The Audit Committee shall mandatorily review the following information:

(i) Management Discussion and Analysis of financial condition and results of operations;

(ii) Statement of significant related party transactions (as defined by the Audit Committee), submitted by management; (iii) Management letters / letters of internal control weaknesses issued by the statutory auditors; (iv) Internal audit reports relating to internal control weaknesses; and (v) The appointment, removal and terms of remuneration of the Chief internal auditor shall be subject to review by the Audit Committee.

(vi) Statement of deviations: a) quarterly statement of deviation(s) including report of monitoring agency, if applicable, submitted to stock exchange(s) in terms of Regulation 32(1) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 . b) Annual statement of funds utilized for purposes other than those stated in the offer document/ prospectus/notice in terms of Regulation 32(7) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

II. STAKEHOLDERS RELATIONSHIP COMMITTEE

Stakeholders Relationship Committee was constituted by the Board on 27th March 2014 consequent to the dissolution of the Shareholders Grievance Committee. The Committees composition and the terms of reference are in compliance with the provisions of the Companies Act, 2013 and Regulation 20(1) & (2) of the SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 which was reconstituted on 27/09/2019.

In the Financial year 2022-23, the Stakeholders Relationship committee duly met four times on 30.05.2022, 10.08.2022, 14.11.2022 and 09.02.2023. The Present composition of the committee is as under;

Sr. No.	Name of the Committee Member	Position	Category	No. of Meeting held	No. of Meetings attended
1.	Mr. Sanjai Seth	Member	ED	4	4
2.	Mr. Ranjan Srinath	Chairman	Independent & NEC	4	4
3.	Mr. Sandeep Gupta	Member	Independent	4	4

ED-Executive Director NEC: Non-Executive chairman

Investor and Shareholders may contact the Address mentioned below:-Address:-My Money Securities Limited 10-A, Underhill Lane, Civil Lines, Delhi-110054, Ph. 011-23924241 Email: Investorgrievance@mymoneyviews.com Website: www.mymoneyviews.com

During the financial ended 31^st March 2023, The Company has not received any Complaints from the Shareholders and no Complaints are pending as on date.

III. NOMINATION AND REMUNERATION COMMITTEE

IV. In terms of section 178 of the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, The Board of Directors of the company already constituted Nomination and Remuneration committee, which was reconstituted on 27/09/2019 .The composition of the Nomination and Remuneration Committee, is as under: In the Financial year 2022-23, the Nomination and Remuneration committee duly met Nine times on 30-06-2022, 10-08-2022, 17-08-2022, 22-08-2022, 20-10-2022, 28-10-2022, 27-12-2022, 30-01-2023, 27-03-2023

The Present composition of the committee is as under;

Sr. No.	Name of the Committee Member	Position	Category	No. of Meeting held	No. of Meetings attended
1.	Mr. Ranjan Srinath	Chairman	Independent & NEC	9	9
2.	Mr. Sandeep Gupta	Member	Independent	9	9
3.	Mrs. Rajni Seth	Member	NED	9	9

NED-Non Executive Director NEC: Non-Executive chairman

The board terms of reference of the Nomination & Remuneration committee are as under:

A. Formulation of the criteria for determining qualification, positive attributes and independence of a director and recommend to the Board a policy, relating to the remuneration of directors, key managerial personnel and other Senior Management positions.

B. Formulation of criteria for evaluation of Independent Directors and the Board. C. Devising a policy on Board diversity.

D. 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 their appointment and removal.

Remuneration Policy:

The Appointment and Remuneration of Directors is governed by the recommendations of the Remuneration and Nomination Committee, resolutions passed by the Board of Directors and Shareholders of the Company,if required. The remuneration policy is directed towards rewarding performance based on the review of achievements.

Details of Remuneration paid of Directors for the financial year 2022-23

S.	Name of Directors	Designation	Salary per annum
No.			(In thousands)
1	SANJAI SETH	Whole Time Director & CFO	1183.00
2	VIKAS SETH	Managing Director	823.00

The Company does not have any stock option scheme and No commission was paid to any Directors during the year 2022-23.

V. RISK MANAGEMENT COMMITTEE

Pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company required to constitute Risk Management Committee for evaluating the risk aspects of the company. The Company has re-constituted the Risk Management Committee on 27/09/2019, consisting of three members and it met Four Times during the financial year 2022-23 on 30.05.2022, 10.08.2022, 14.11.2022 and 09.02.2023. The details are given below.

Sr. No.	Name of the Committee Member	Position	Category	No. of Meeting held	No. of Meetings attended
1.	Ranjan Srinath	Chairman	Independent	4	4
2.	Rajni Seth	Member	NED	4	4
3.	Sanjai Seth	Member	ED	4	4

ED-Executive Director NED: Non Executive Director

4. GENERAL BODY MEETINGS:

Location and time of Last Three Annual General Meetings:

Year	Venue	Date	Time
2022	10-A Under Hill Lane, Delhi-110054 (Conducted via Other Audio Visual Mode/ Video Conferencing)	25/09/2022	12:30 P.M
2021	10-A Under Hill Lane, Delhi-110054 (Conducted via Other Audio Visual Mode/ Video Conferencing)	26/09/2021	12:30 P.M
2020	10-A Under Hill Lane, Delhi-110054 (Conducted via Other Audio Visual Mode/ Video Conferencing)	27/09/2020	12.30 P.M

DISCLOSURES:

The disclosures of related party transactions have been made in Notes to Accounts annexed to the Balance sheet as on 31^st March, 2023.

There has not been any non-compliance, or penalties imposed on the Company by the Stock Exchanges, SEBI or any other statutory authority, on any matter relating to the capital markets, during the last three years.

Pursuant to section 177(9) & (10) of the Companies Act 2013 and the SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 the company has formulated Vigil Mechanism Policy for Vigil mechanism for directors and employees to report to the management about the unethical behavior, fraud or violation of Companies Code of Conduct. The mechanism provides for adequate safeguards against the victimization of the employee and directors who use such mechanism and makes provisions for direct access to the chairman of the Audit Committee in exceptional cases. None of the personnel of the company has been denied access to the Audit committee.

Pursuant to the requirements of SEBI (Prohibition of Insider Trading) Regulation, 2015 as amended, the Company has adopted a ‘Code of Conduct for the Prevention of Insider Trading (The Code). The code is applicable to all Directors and such designated employees who are expected to have access to unpublished price-sensitive information relating to the Company.

Adoption of non-mandatory requirements of the SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 is being reviewed by the board from time to time.

The Board of Directors adopted the Code of Conduct for Board Members and Senior Management personnel. The said code was communicated to the Directors and members of the senior Management & they affirmed their compliance with the said Code. The Code adopted is posted on the Companys website www.mymoneyviews.com.

The Board of Directors adopted the Code for Prevention of Insider Trading as per SEBI (Prohibition of Insider Trading) Regulations, 2015. The said code was communicated to the Directors and members of the senior Management & they affirmed their compliance with the said Code. The Code adopted is posted on the Companys website www.mymoneyviews.com.

A report on Corporate Governance forms part of the Annual Report of the Company and is sent to the shareholders accordingly. The Company also submits a quarterly compliance report on Corporate Governance to the Stock Exchanges within 21 days from the close of the quarter.

In compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company duly places a Certificate signed by Managing Director and Chief Financial Officer of the Company before the Board of Directors.

The Company obtains a certificate from its Secretarial Auditors regarding compliance of conditions of Corporate Governance stipulated under Listing Regulations and the said certificate is attached to the Directors Report and forms a part of the Annual Report. The said certificate is sent to the shareholders and Stock Exchanges along with the Annual Report of the Company.

1. SUBSIDIARY/ MONITORING FRAMEWORK

The Company has no subsidiary company during the financial year ended 31^st March, 2023.

2. POLICY FOR PRESERVATION OF DOCUMENTS

Pursuant to the requirements under Regulation 9 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board has formulated and approved a Document Retention Policy prescribing the manner of retaining the Companys documents and the time period up to certain documents are to be retained.

The policy percolates to all levels of the organization who handle the prescribed categories of documents.

3. MEANS OF COMMUNICATION a) Financial Results :

The Company intimates un-audited as well as audited financial results to the all stock exchanges i.e. BSE Ltd. Immediately after the Board meetings at which they approved. The results of the Company are also published in at least one national and one regional newspaper. The results are published in The Pioneer (English) and Hari Bhoomi (Hindi) as required under the Listing Agreement. The Financial results are also displayed on the companys website www.mymoneyviews.com.

b) News, Release etc.;

The official news releases etc. are displayed on the Companys website www.mymoneyviews.com.

c) Website:

The website www.mymoneyviews.com contains a separate dedicated section for the Companys "Shareholders" where shareholder information is available. The Annual Report, shareholding pattern, Corporate Governance, CS and compliance officer details, RTA details, code of conduct etc.

d) Quarterly results, shareholding pattern, quarterly compliances and all other corporate communication to the Stock Exchange i.e. BSE Ltd are filed electronically.

4. SHARE HOLDER INFORMATION a. Appointment/ Re-appointment of Directors

As required under Regulation 36(3) of the SEBI Listing Regulations and Secretarial Standard 2, particulars of Directors seeking re-appointment at this AGM are given in the Annexure to the Notice of this AGM.

b. Annual General Meeting

Date & Venue of the Annual General Meeting: Saturday, 30^th September 2023, at 5:00 P.M. through Video Conferencing ("VC") / Other Audio Visual Means ("OAVM")

(i) Financial calendar for 2023-24 (Provisional)

Financial Year: 1^st April to 31^st March

Tentative:

Results for the quarter ended 30.06.2023: On or before 14th August, 2023 Results for the quarter ended 30.09.2023: On or before 14th November, 2023 Results for the quarter ended 31.12.2023: On or before 14th February, 2024 Results for the quarter ended 31.03.2024: By end of May 2024

(ii) Book Closure Date

The Register of Members and Share Transfer Books are closed keeping in view the proposed dates of annual general Meeting. For the year under review the above registers/books would closed from Sunday, September 24, 2023 to Saturday, September 30, 2023 (both days inclusive)

(iii) Dividend Payment Date:

The Board of Directors has not recommended any dividend for the financial year 2022-23.

(iv) Address for Correspondence/investor Complaints Registrar and Share Transfer Agents:

M/s MAS Services Limited,

T-34, 2nd Floor, Okhla Industrial Area Phase-II, New Delhi-110 020 Ph. 011-2638 7281-83 Fax; 011-2638 7384, E-mail: info@masserv.com Website: www.masserv.com

Company Register office:

My Money Securities Limited

10-A, Under Hill Lane, Civil Lines, Delhi-110054 Ph. 011- 47087300 , 23930655 ,23937870 Email: mymoneyviews@outlook.com Website: www.mymoneyviews.com

(v) Registrar and transfer Agents, Share Transfer System

All work related to share registry in terms of both Physical and electronic Connectivity is now being maintained at a single point. Your Company has appointed M/s Mas Services Ltd., the Physical Share Transfer Agent of your Company as also the Electronic Registrar of your Company.

Therefore, all correspondences pertaining to share transfers in physical as well as in electronic form and the dematerialization request forms along with the physical share certificates be addressed to:

M/s Mas Services Limited,

T-34, 2nd Floor, Okhla Industrial Area Phase-II, New Delhi-110 020 Ph. 011-2638 7281-83 Fax; 011-2638 7384, E-mail: info@masserv.com

c. Listing of Shares

Listing on Stock Exchanges with their Trading Codes: The Companys scrip is presently listed on one Stock Exchange. The addresses of the Stock Exchanges along with the respective trading codes are as under:

1. Bombay Stock Exchange (BSE Ltd. ) : Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001 (Scrip Code : 538862)

d. E-Voting Facility

E voting facility has been made available for voting on all resolutions at the AGM. The details of the same are given in the notice of the AGM.

e. Stock Code

International Securities Identification Number (ISIN) for NSDL & CDSL: INE232L01018.

f. Stock Market Data

Monthly High & Low quotations of the equity shares of the company traded for the year 2022-23 based upon BSE price data is given below.

Month	High (Rs.)	Low (Rs.)
April, 2022	24.75	24.75
May, 2022	27.20	19.20
June, 2022	19.60	15.70
July, 2022	14.95	13.55
August, 2022	14.96	11.89
September, 2022	11.30	9.76
October, 2022	10.71	8.82
November, 2022	10.47	9.56
December, 2022	9.56	9.56
January, 2023	10.55	10.03
February, 2023	11.03	9.03
March, 2023	9.03	9.03

g. Shareholding Pattern Of The Company An On 31^st March, 2023

S.	Category	No. of Equity	% of
No.		Shares Held	Shareholding
A	Promoters holding	10221900	62.71
	Sub-Total (A)	10221900	62.71
B	Non Promoters Holding
A	Mutual Funds / Banks	Nil	Nil
B	Foreign Institutional Investors	Nil	Nil
C	Any other (specify) Bodies Corporate	4107189	25.20
D	Individual shareholders holding nominal	101596	0.62
	share capital up to Rs. 1 Lakh
E	Individual shareholders holding nominal	1869615	11.46
	share capital in excess of Rs. 1 Lakh
F	Any other	Nil	Nil
G	NRI/OCBs	Nil	Nil
	Sub-Total (B)	6078400	37.29
	Grand Total (A+B)	1,63,00,300	100

h. Distribution Schedule Of Share Holding As On 31^st March, 2023

Share holding of Nominal	No of Share	% of total	Total No of	% of Total
Value of Rs.	Holder	share holder	shares held	shareholding
1 to 5000	399	86.177	23437	0.143
5001 to 10000	10	2.159	8400	0.051
10001 to 20000	6	1.295	8400	0.051
20001 to 30000	2	0.431	5000	0.030
30001 to 40000	1	0.215	3700	0.022
40001 to 50000	2	0.431	10000	0.061
50001 to 100000	5	1.079	43680	0.267
100001 and Above	38	8.207	16197683	99.370
TOTAL	463	100	16300300	100

i. Dematerialization Of Shares

The Equity shares of the company are to be traded compulsorily in Dematerialized form. About 85.22 % of paid-up Equity Shares capital has been in dematerialized as on 31^st March, 2023.The Company had already services of M/s MAS Services Limited, a registry for the transfer and demats of shares. The Equity Shares of the company are in demat segments and are available in the depository system of National Securities Depository Limited and Central Depository Services (India) Limited. The ISIN No. of the Company on both the NSDL and CDSL is INE232L01018.

j. Depository Services

Shareholders may write to the company or to the respective Depositories for any guidance on depository services: National Securities Depository Limited Trade World, A Wing 4^th Floor Kamla Mills Compound Senapati Bapat Marg, Lower Parel, Mumbai 400013 Telephone: 022 24994200 Toll free: 1800 222 990 Email: info@nsdl.co.in Central Depository Services (India) Limited Marathon Futurex, A-Wing, 25th floor, NM Joshi Marg, Lower Parel, Mumbai 400013 Telephones: 1800-22-5533 Email: helpdesk@cdslindia.com