Ethical Compliance

KHANDWALA SECURITIES

KHANDWALA SECURITIES

Revenue

55.6%

Debt

3%

Liquidity

1.4%

Revenue

Debt

Liquidity

55.6%

Non Compliant
Questionable
Compliant

Compliant

INR Crores

  Income From Capital Market Operations
₹0.35

  Corporate Advisory Services
₹3.52

Questionable

INR Crores

  Brokerage
₹4.65

  Other Income
₹0.02

Non Compliant

INR Crores

  Interest Income
₹0.16

INR Crores

Revenue from Questionable Sources:₹4.67
Revenue from Non Compliant Sources:₹0.16
Total:₹4.84
Total Revenue:₹8.70

Formula

Revenue from Questionable & Non Compliant Sources

Total Revenue

≤ 0.03 or 3%

Calculation

₹4.84

₹8.70

= 55.6%

non-compliant

Rationale

The sum of revenue from questionable and non-compliant sources should not exceed 3% of the total revenue. This ensures that the company has tolerable reliance on unethical sources of revenue.