Khazanchi Jewellers Ltd. ಖಾತೆಯ ಉಪಯುಕ್ತ ಮಾಹಿತಿ

Mar 31, 2026

xii) Provisions and Contingent Liabilities and Contingent
Assets

A provision is recognised when the company has a present
obligation as a result of a past event and it is probable
that an outflow of resources will be required to settle the
obligation and in respect of which a reliable estimate
can be made. Provisions are determined based on
management estimate required to settle the obligation
at the balance sheet date . If the effect of the time value
of money is material, provisions are discounted using
a current pre-tax rate that reflects, when appropriate,
the risks specific to the liability. These estimates are
reviewed at each reporting date and adjusted to reflect
the best estimate. The expense relating to a provision
is presented in the statement of profit and loss.
Contingent Liabilities are not recognised but disclosed
in Financial Statements. Contingent Assets are neither
recognised nor disclosed in the financial statements.

xiii) Employee Benefits
Short Term

Short term employee benefits are recognised as an
expense as per the company’s scheme based on
expected obligations.

Post Retirement

Post retirement benefits comprise of provident fund
and gratuity which are accounted as follows :

Provident Fund

This is a defined contribution plan. Contributions

remitted to provident fund authorities in accordance
with the relevant statute/rules are charged to statement
of profit and loss as and when due. The company
has no further obligations other than its monthly
contributions.

Gratuity

This is a defined benefit plan. The liability is determined
based on actuarial valuation using projected unit
credit method. Actuarial gains and losses, comprising
of experience adjustments and the effects of changes
in actuarial assumptions are recognised immediately
in the statement of profit and loss through Other
Comprehensive Income. Such remeasurement is not
reclassified to profit or loss in subsequent period.

xiv) Earnings per Share

Basic earnings per share are calculated by dividing
the net profit or loss for the year attributable to equity
shareholders by the weighted average number of equity
shares outstanding during the year. For the purpose of
calculating diluted earnings per share, the net profit
or loss for the year attributable to equity shareholders
and weighted average number of shares outstanding
during the year are adjusted for the effects of all
dilutive potential equity shareholders through Other
Comprehensive Income

xv) Dividend

The Company recognises dividends in the period in
which they are declared. Dividends are declared and
approved by the Board of Directors and are accounted
for by directly adjusting the retained earnings (surplus
in the statement of profit and loss) at the time of
declaration, in accordance with the provisions of the
Companies Act, 2013. Accordingly, the final dividend
declared by the Board of Directors on August 14, 2025
has been adjusted against Reserves and Surplus during
the financial year 2025-26, and no separate liability has
been created in the books.

xvi) Inventory

Stock is carried at the lower of cost (computed on
Weighted Average basis) or net realizable value. Cost
includes the cost of purchase including duties and
taxes (other than those refundable), inward freight,
and other expenditure directly attributable to the
purchase. Trade discounts and rebates are deducted
in determining the cost of purchase. Net reliable value
is the estimated selling price in the ordinary course of
business less the estimated cost of completion and
selling expenses.

xvii) Advance from Customers

Amounts collected from customers under jewellery
advance/installment schemes are recognised as
a financial liability at the time of collection and
classified under contract liabilities. The accumulated
installments, together with any bonus or incentive
amounts payable by the Company under the terms
of the scheme, are redeemed by the customer in
the form of jewellery upon maturity of the scheme.
Revenue is recognised at the point of such redemption,
when control of the jewellery is transferred to the
customer. The obligation towards bonus or incentive
amounts payable under these schemes is accrued on
a systematic basis over the tenure of the scheme and
recognised as a liability until the scheme matures and
is settled.

xviii) Financial Instruments

Financial assets and financial liabilities are recognised
when the Company becomes a party to the contractual
provisions of the instruments.

A. Financial Assets

(i) Initial Recognition and Measurement
Financial assets are recognised when
the Company becomes a party to the
contractual provisions of the instrument.
On initial recognition, financial assets are
measured at fair value. Transaction costs that
are directly attributable to the acquisition
of financial assets (other than financial
assets at fair value through profit or loss -
‘FVTPL’) are added to from the fair value of
the financial asset on initial recognition.
Transaction costs directly attributable
to the acquisition of financial assets
at FVTPL are recognised immediately
in the Statement of Profit and Loss.
All regular way purchases or sales of financial
assets are recognised and derecognised on
a trade date basis. Regular way purchases
or sales are purchases or sales of financial
assets that require delivery of assets within
the time frame established by regulation or
convention in the marketplace.

(ii) Subsequent Measurement

The Company classifies financial assets into
the following categories:

• Financial assets at amortized cost

• Financial assets at fair value through
other comprehensive income (FVTOCI)

• Financial assets at fair value through
profit or loss (FVTPL)

(iii) Derecognition of Financial Assets

A financial asset is derecognised when:

• The contractual rights to receive cash
flows from the asset have expired; or

• The Company has transferred its rights
to receive cash flows and either

(a) has transferred substantially all the
risks and rewards of the asset, or

(b) has neither transferred nor retained
substantially all the risks and rewards
but has transferred control of the
asset.

B. Financial Liabilities

(i) Initial Recognition and Measurement
Financial liabilities are recognised when the
Company becomes a party to the contractual
provisions of the instrument. All financial
liabilities are initially recognised at fair value,
and in the case of borrowings and payables,
net of directly attributable transaction costs.

(ii) Subsequent Measurement

Financial liabilities are classified as either:

• Financial liabilities at amortized cost; or

• Financial liabilities at fair value through
profit or loss (FVTPL).

C. Derivative Financial Instruments

(i) Recognition and Measurement of Derivatives
The Company enters into derivative
financial instruments, including gold
forward contracts and commodity. Such
derivative financial instruments are initially
recognised at fair value on the date on which
a derivative contract is entered into and are
subsequently re-measured at fair value at

the end of each reporting period. Derivatives
are carried as financial assets when the fair
value is positive and as financial liabilities
(Derivative Liability) when the fair value is
negative.

xix) Fair value measurement

The Company measures financial instruments, such as,
derivatives at fair value at each balance sheet date.

Fair value is the price that would be received to sell
an asset or paid to transfer a liability in an orderly
transaction between market participants at the
measurement date. The fair value measurement is
based on the presumption that the transaction to sell
the asset or transfer the liability takes place either:

. In the principal market for the asset or liability, or

. In the absence of a principal market, in the most

advantageous market for the asset or liability

The fair value of an asset or a liability is measured
using the assumptions that market participants would
use when pricing the asset or liability, assuming that
market participants act in their best economic interest.

A fair value measurement of a non-financial asset takes
into account a market participant’s ability to generate
economic benefits by using the asset in its highest and
best use or by selling it to another market participant
that would use the asset in its highest and best use.

The Company uses valuation techniques that are
appropriate in the circumstances and for which
sufficient data are available to measure fair value,
maximizing the use of relevant observable inputs and
minimizing the use of unobservable inputs.

All assets and liabilities for which fair value is measured
or disclosed in the financial statements are categorized
within the fair value hierarchy, described as follows,
based on the lowest level input that is significant to the
fair value measurement as a whole:

a. Level 1 — Quoted (unadjusted) market prices in
active markets for identical assets or liabilities

b. Level 2 — Valuation techniques for which the lowest
level input that is significant to the fair value
measurement is directly or indirectly observable

c. Level 3 — Valuation techniques for which the
lowest level input that is significant to the fair
value measurement is unobservable

For assets and liabilities that are recognised in
the financial statements on a recurring basis, the
Company determines whether transfers have occurred
between levels in the hierarchy by re-assessing
categorization (based on the lowest level input
that is significant to the fair value measurement
as a whole) at the end of each reporting period.
Involvement of external valuers is decided upon annually
by the Company. At each reporting date, the Company
analyses the movements in the values of assets and
liabilities which are required to be remeasured or
re-assessed as per the accounting policies. For this
analysis, the Company verifies the major inputs applied
in the latest valuation by agreeing the information in
the valuation computation to contracts and other
relevant documents. Other fair value related disclosures
are given in the relevant notes.

xx) Events Occurring after reporting date

Where events occurring after the balance sheet date
provide evidence of conditions that existed at the end
of the reporting period, the impact of such events is
adjusted within the financial statements. Otherwise,
events after the balance sheet date of material size or
nature are only disclosed.

33 Reclassification Of Previous Year Figures Upon Complying With Schedule III
Amendments

Defined benefit plans

The Company has a defined benefit plan in India (unfunded). The Company’s defined benefit gratuity plan is a final
salary plan for employees. The Company recognises actuarial gains and losses as and when the same arises. The charge
in respect of the same is taken to the statement of profit and loss account. Gratuity is paid as and when it is due and is
paid as per Payment of Gratuity Act, 1972.

a) Employee benefits expenses

i) Gratuity

In accordance with applicable Indian laws, the Company provides for gratuity, a defined benefit retirement plan (“the Gra¬
tuity Plan”) covering eligible employees. The Gratuity Plan provides for a lump sum payment to vested employees on retire¬
ment (subject to completion of five years of continuous employment), death, incapacitation or termination of employment
that are based on last drawn salary and tenure of employment. Liabilities with regard to the Gratuity Plan are determined
by actuarial valuation on the reporting date and the Company makes annual contribution to the gratuity fund maintained
by Life Insurance Corporation.

34 The Company has not received any memorandum (as required to be filed by the suppliers with the notified authority
under Micro, Small and Medium Enterprises Development Act, 2006) claiming their status as micro, small or medium
enterprises. Consequently, the amount paid/ payable to these parties is considered to be nil.

35 Financial Risk Management Objectives And Policies

The Company’s financial risk management is an integral part of how to plan and execute its business strategies. The
Company’s financial risk management policy is set by the Managing Board. These risks are categorised into Market
risk, Credit risk & Liquidity risk.

(A) Market risk

Market risk is the risk of loss of future earnings, fair values or future cash flows that may result from a change in
the price of a financial instrument.

The value of a financial instrument may change as a result of changes in the interest rates, foreign currency
exchange rates, and other market changes that affect market risk sensitive instruments. Market risk is attribut¬
able to all market risk sensitive financial instruments including foreign currency receivables, payables and loans
and borrowings.

(i) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate be¬
cause of Interest rates. The Company is not exposed to interest rate risk as all its financial assets or liabilities are
either non-interest bearing or are at a fixed interest rate and carried at amortized cost.

(ii) Foreign currency risk

Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate
because of changes in foreign exchange rates. The Company is exposed to no risk due to no transactions made
by company in foreign currency.

(B) Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument
fails to meet its contractual obligations. Credit risk arises principally from the Company’s trade receivables,
deposits with landlords, cash/deposit held with banks and financial institutions and other financial assets. The
objective of managing counterparty credit risk is to prevent losses in financial assets. The Company assesses
the credit quality of the counterparties, taking into account their financial position, past experience and other
factors

Cash and cash equivalents and balances with banks are considered to have negligible risk or nil risk, as they are
maintained with high rated banks / financial institutions as approved by the Board of directors

(C) Liquidity risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due.
The Company manages its liquidity risk by ensuring, as far as possible, that it will always have sufficient liquid¬
ity to meet its liabilities when due under both normal and stressed conditions, without incurring unacceptable
losses or risk the Company’s reputation.

36 Additional Regulatory Information

(i) The Company has not revalued its Property, Plant and Equipment since the Company has adopted cost model as
its accounting policy to an entire class of Property, Plant and Equipment.

(ii) The Company has not granted any loan or advance in the nature of loan to promoters, directors, KMPs and other
related parties that are repayable on demand or without specifying any terms or period of repayment

(iii) There are no proceedings initiated or are pending against the company for holding any benami property under
the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder

(iv) The Company has been sanctioned working capital limits from banks or financial institutions on the basis of
security of current assets at any point of time during the year.

(v) The Company is not declared as wilful defaulter by any bank or financial Institution or other lender

(vi) The Company did not have any transactions with Companies struck off under Section 248 of Companies Act,

2013 or Section 560 of Companies Act, 1956 considering the information available with the Company.

(vii) The Company do not have any parent company and accordingly, compliance with the number of layers prescribed
under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017 is not
applicable for the year under consideration.

(viii) There are no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to 237 of
the Companies Act, 2013 during the year.

(ix) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any
other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries)
with the understanding (whether recorded in writing or otherwise) that the Intermediary shall (i) directly or
indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the
company (Ultimate Beneficiaries) or (ii) provide any guarantee, security or the like to or on behalf of the Ultimate
Beneficiaries.

(x) The company has also not received any fund from any person(s) or entity(ies), including foreign entities (Funding
Party) with the understanding (whether recorded in writing or otherwise) that the company shall (i) directly or
indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the
Funding Party (Ultimate Beneficiaries) or (ii) provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries.

(xi) The Company do not have any transaction which are not recorded in the books of accounts that has been
surrendered or disclosed as income in the tax assessments under the Income Tax Act, 1961 during any of the year

(xii) The Company did not trade or invest in Crypto Currency or virtual currency during the financial year. Hence,
disclosures relating to it are not applicable.

37 First Time Adoption to IndAS

“The financial statements have been prepared in accordance with the Indian Accounting Standards (Ind AS) notified
under the Companies (Indian Accounting Standards) Rules, 2015, and the relevant amendment rules issued thereun¬
der, as prescribed under Section 133 of the Companies Act, 2013, read with other recognised accounting practices and
policies to the extent applicable.

The Company has adopted Ind AS for the first time with effect from 1st April 2025, with a transition date of 1st April
2024. These financial statements, including the comparatives for the year ended 31st March 2024, have been prepared
in accordance with Ind AS 101 — First-time Adoption of Indian Accounting Standards.”

A 1) Ind AS 101 (First-time Adoption of Indian Accounting Standards) provides a suitable starting point for accounting
in accordance with Ind AS and is required to be mandatory followed by first-time adopter Ind AS 101 allows first¬
time adopters exemptions from the retrospective application of certain requirements under Ind AS. The Company
has applied the following exemptions:

a) Property, Plant and Equipment, as well as Intangible Assets (referred to as “fixed assets” in aggregate) were
carried in the statement of financial position prepared under previous GAAP as at March 31, 2024. The Compa¬
ny has elected to regard such carrying amount as deemed cost as at the date of transition i.e. April 01, 2024.

B The Company does not engage in business activities which are reportable as Operating Segment as per Ind AS 108.
Hence, Reportable segments as per Ind AS 108 “Operating Segments” is not applicable. “

C Deferred Tax:

Ind AS 12 Income Taxes requires accounting for deferred taxes using the balance sheet approach, which focuses on
temporary differences between the carrying amount of an asset or liability in the balance sheet and its tax base. The
application of Ind AS 12 approach has resulted in recognition of deferred tax on temporary due to various temporary
differences consequent to Ind AS transitional adjustments. Consequently, deferred tax assets (net) is reduced by ?3.88
lakhs as at April 01, 2024 and ?2.71 lakhs as at March 31, 2025

D Borrowings and Finance cost

Under the previous GAAP, borrowings were measured at historical cost (transaction amount). Ind AS 109 Financial In¬
struments requires financial liabilities to be initially recognised at fair value, net of transaction costs and subsequently
measured at amortized cost using the Effective Interest Rate (EIR) method. The application of the amortized cost ap¬
proach has resulted in recognition of transaction costs / processing fees being spread over the tenure of the borrowing
as finance cost, rather than being expensed upfront or netted against the borrowing balance. Consequently, the carry¬
ing amount of borrowings (net) has increased by ?0.20 lakhs as at April 01, 2024 (date of transition) and by ?0.38 lakhs
as at March 31, 2025, with a corresponding increase in finance cost of ?0.18 lakhs for the year ended March 31, 2025.

E Remeasurement of Defined benefit Plans

Under previous GAAP, actuarial gains and losses were recognised in the statement of profit and loss. Under Ind AS, the
actuarial gains and losses form part of re-measurement of the net defined benefit liability / asset which is recognised
in other comprehensive income. Consequently, the tax effect of the same has also been recognised in other comprehen¬
sive income under Ind AS instead of the statement of Profit and Loss as a result of this change, the profit for the year
ended March 31, 2025 is increased by ? 2.16 lakhs.

Return on Equity Ratio = Total Comprehensive Income / Average Total Equity
Inventory Turnover Ratio (Average Inventory days) = 365 / (COGS / Average Inventories)

Trade receivables Turnover Ratio (Average Receivables days) = 365 / (Net Revenue from operations / Average Trade
receivables)

Trade Payables Turnover Ratio (Average Payable days) = 365 / (Net Purchase / Average Trade payables)

Net Capital Turnover Ratio = 365/(Net Revenue from operation/ Average working capital)

* Average working capital = ( Average Current assets- Average Current Liability)

Net Profit Ratio = Net Profit After tax / Total Income
Return on Capital employed = (EBIT / (Equity Debt)

Debt service coverage ratio = Earnings available for debt service(PBT Interest Depreciation Non-cash items) / Interest In-
stallments

Interest Coverage Ratio= (Earnings before Interest and tax)/Interest
Return on Assets = Total Comprehensive Income / Average Total Assets

39 Capital Management

The Company’s capital management objectives are:

- to ensure the Company’s ability to continue as a going concern; and

- to provide an adequate return to shareholders through optimization of debts and equity balance.

The Company monitors capital on the basis of the carrying amount of debt as presented on the face the financial
statements. The Company’s objective for capital management is to maintain an optimum overall financial structure

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and
the requirements of the financial covenants.

No changes were made in the objectives, policies or processes for managing capital during the year ended March 31,
2026 and year ended March 31, 2025.

40 There are no significant events occurring after the reporting period that require adjustment to or disclosure in these
financial statements.

41 There are no claims against the Company that have not been acknowledged as debt as at the end of the reporting
period, and there were none in the previous year.

42 Figures for the previous year have been regrouped, recast and reclassified, wherever considered necessary, to conform
to the current year’s presentation.

43 The financial statements were approved by the Audit committee and Board of directors on May 22, 2026

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Mar 31, 2025

x) Provisions and Contingent Liabilities and Contingent
Assets

A provision is recognized when the company has a present
obligation as a result of a past event and it is probable
that an outflow of resources will be required to settle the
obligation and in respect of which a reliable estimate can be
made. Provisions are determined based on management
estimate required to settle the obligation at the balance
sheet date and are not discounted to present value.

Contingent Liabilities are not recognized but disclosed
in Financial Statements. Contingent Assets are neither
recognized nor disclosed in the financial statements.

xi) Employee Benefits
Short Term

Short term employee benefits are recognised as an
expense as per the company’s scheme based on expected
obligations.

Post Retirement

Post retirement benefits comprise of provident fund and
gratuity which are accounted as follows :

Provident Fund

This is a defined contribution plan. Contributions remitted
to provident fund authorities in accordance with the
relevant statute/rules are charged to statement of profit
and loss as and when due. The company has no further
obligations other than its monthly contributions.Presently,
the company has not deducted any amount towards
Provident fund.

Gratuity

This is a defined benefit plan. The liability is determined
based on actuarial valuation using projected unit credit
method. Actuarial gains and losses, comprising of
experience adjustments and the effects of changes in
actuarial assumptions are recognised immediately in the

Compensated Absence

The Company has a policy on compensated absences
which are both accumulating and non-accumulating in
nature. The expected cost of accumulating compensated
absences is determined by actuarial valuation performed
by an independent actuary at each balance sheet date
using projected unit credit method on the additional
amount expected to be paid / availed as a result of the
unused entitlement that has accumulated at the balance
sheet date. Expense on non-accumulating compensated
absences is recognized in the period in which the
absences occur.Presently, the company has not deducted
any amount towards Compensated Absence. The company
has not provided for the provision as per AS-15

ii) Earnings per Share

Basic earnings per share are calculated by dividing
the net profit or loss for the year attributable to equity
shareholders by the weighted average number of equity
shares outstanding during the year. For the purpose of
calculating diluted earnings per share, the net profit or
loss for the year attributable to equity shareholders and
weighted average number of shares outstanding during
the year are adjusted for the effects of all dilutive potential
equity shareholders.

ciii) Dividend

The Company recognizes dividends in the period in which
they are declared.

Interim dividends are declared and approved by the Board
of Directors and are accounted for by directly adjusting
the retained earnings (surplus in the statement of profit
and loss) at the time of declaration, in accordance with the
provisions of the Companies Act, 2013.

Accordingly, the interim dividend declared by the Board
of Directors on 30-September-2024 has been adjusted
against Reserves and Surplus during the financial year
2024-25, and no separate liability has been created in the
books.

iv) inventory

Stock is carried at the lower of cost (computed on Weighted
Average basis) or net realisable value. Cost includes the
cost of purchase including duties and taxes (other than
those refundables), inward frieght, and other expenditure
directly attributable to the purchase. Trade discounts and
rebates are deducted in determining the cost of purchase.
Net realiable value is the estimated selling price in the
ordinary course of business less the estimated cost of
completion and selling expenses.

i) The Company has not revalued its Property, Plant and Equipment since the Company has adopted cost model as its accounting
policy to an entire class of Property, Plant and Equipment.

ii) The Company has not granted any loan or advance in the nature of loan to promoters, directors, KMPs and other related parties
that are repayable on demand or without specifying any terms or period of repayment

iii) There are no proceedings initiated or are pending against the company for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder

iv) The Company has been sanctioned working capital limits from banks or financial institutions on the basis of security of
current assets at any point of time during the year.

v) The Company is not declared as wilful defaulter by any bank or financial Institution or other lenders.

vi) The Company did not have any transactions with Companies struck off under Section 248 of Companies Act, 2013 or Section
560 of Companies Act, 1956 considering the information available with the Company.

vii) The Company do not have any parent company and accordingly, compliance with the number of layers prescribed under
clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017 is not applicable for the
year under consideration.

viii) There are no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to 237 of the Companies
Act, 2013 during the year.

ix) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or
kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether
recorded in writing or otherwise) that the Intermediary shall (i) directly or indirectly lend or invest in other persons or entities
identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or (ii) provide any guarantee,
security or the like to or on behalf of the Ultimate Beneficiaries.

x) The company has also not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with
the understanding (whether recorded in writing or otherwise) that the company shall (i) directly or indirectly lend or invest in
other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or
(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

xi) The Company do not have any transaction which are not recorded in the books of accounts that has been surrendered or
disclosed as income in the tax assessments under the Income Tax Act, 1961 during any of the years.

xii) The Company did not trade or invest in Crypto Currency or virtual currency during the financial year. Hence, disclosures relating
to it are not applicable.

i) The Company has not revalued its Property, Plant and Equipment since the Company has adopted cost model as its accounting
policy to an entire class of Property, Plant and Equipment.

ii) The Company has not granted any loan or advance in the nature of loan to promoters, directors, KMPs and other related parties
that are repayable on demand or without specifying any terms or period of repayment

iii) There are no proceedings initiated or are pending against the company for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder

iv) The Company has been sanctioned working capital limits from banks or financial institutions on the basis of security of
current assets at any point of time during the year.

v) The Company is not declared as wilful defaulter by any bank or financial Institution or other lenders.

vi) The Company did not have any transactions with Companies struck off under Section 248 of Companies Act, 2013 or Section
560 of Companies Act, 1956 considering the information available with the Company.

vii) The Company do not have any parent company and accordingly, compliance with the number of layers prescribed under
clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017 is not applicable for the
year under consideration.

viii) There are no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to 237 of the Companies
Act, 2013 during the year.

ix) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or
kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether
recorded in writing or otherwise) that the Intermediary shall (i) directly or indirectly lend or invest in other persons or entities
identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or (ii) provide any guarantee,
security or the like to or on behalf of the Ultimate Beneficiaries.

x) The company has also not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with
the understanding (whether recorded in writing or otherwise) that the company shall (i) directly or indirectly lend or invest in
other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or
(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

xi) The Company do not have any transaction which are not recorded in the books of accounts that has been surrendered or
disclosed as income in the tax assessments under the Income Tax Act, 1961 during any of the years.

xii) The Company did not trade or invest in Crypto Currency or virtual currency during the financial year. Hence, disclosures relating
to it are not applicable.

35 : As per AS-22 Acounting for Taxes on Income,Deferred Tax Liability has been recognized due to timing difference arising

36 : Events occuring after the reporting period : NA

37 : Claims against the company not acknowledged as debt - NIL (Previous year-nil).

38 : Previous year’s figures have been regrouped, recast and reclassified wherever necessary.

39 : The financial statements were approved by the Audit committed and Board of directors on 23-May-2025

40 : Reclassification of previous year figures upon complying with Schedule III Amendments

The Company is required to comply with the amendments in Schedule III of Companies Act, 2013 notified on 24-March-2021, with
effect from 01-April-2021 Accordingly the Company has complied with the disclosure and presentation requirements as per the
aforesaid amendments and reclassified the items in the previous years, to conform to current year classification.

The accompanying notes are an integral part of these financial statements

“As Per Our Report of Even Date” For and on behalf of the Board

For M/s PSDY & Associates Khazanchi Jewellers Limited

Chartered Accountants
FRN: 010625S

Kushal Raj N Tarachand Mehta Rajesh Mehta Goutham

Partner Managing Director Chairman & Jt. Managing Director

Director

DIN:01234768 DIN: 07605326 DIN:01642002

M No 234239

UDIN: 25234239BMIZKM5753

Date: 23-May-2025 Vikas Mehta Aashish Mehta Sakshi Jain

Place: Chennai Chief Financial Chief Executive Officer Company Secretary

Officer

x) Provisions and Contingent Liabilities and Contingent
Assets

A provision is recognized when the company has a present
obligation as a result of a past event and it is probable
that an outflow of resources will be required to settle the
obligation and in respect of which a reliable estimate can be
made. Provisions are determined based on management
estimate required to settle the obligation at the balance
sheet date and are not discounted to present value.

Contingent Liabilities are not recognized but disclosed
in Financial Statements. Contingent Assets are neither
recognized nor disclosed in the financial statements.

xi) Employee Benefits
Short Term

Short term employee benefits are recognised as an
expense as per the company’s scheme based on expected
obligations.

Post Retirement

Post retirement benefits comprise of provident fund and
gratuity which are accounted as follows :

Provident Fund

This is a defined contribution plan. Contributions remitted
to provident fund authorities in accordance with the
relevant statute/rules are charged to statement of profit
and loss as and when due. The company has no further
obligations other than its monthly contributions.Presently,
the company has not deducted any amount towards
Provident fund.

Gratuity

This is a defined benefit plan. The liability is determined
based on actuarial valuation using projected unit credit
method. Actuarial gains and losses, comprising of
experience adjustments and the effects of changes in
actuarial assumptions are recognised immediately in the

Compensated Absence

The Company has a policy on compensated absences
which are both accumulating and non-accumulating in
nature. The expected cost of accumulating compensated
absences is determined by actuarial valuation performed
by an independent actuary at each balance sheet date
using projected unit credit method on the additional
amount expected to be paid / availed as a result of the
unused entitlement that has accumulated at the balance
sheet date. Expense on non-accumulating compensated
absences is recognized in the period in which the
absences occur.Presently, the company has not deducted
any amount towards Compensated Absence. The company
has not provided for the provision as per AS-15

ii) Earnings per Share

Basic earnings per share are calculated by dividing
the net profit or loss for the year attributable to equity
shareholders by the weighted average number of equity
shares outstanding during the year. For the purpose of
calculating diluted earnings per share, the net profit or
loss for the year attributable to equity shareholders and
weighted average number of shares outstanding during
the year are adjusted for the effects of all dilutive potential
equity shareholders.

ciii) Dividend

The Company recognizes dividends in the period in which
they are declared.

Interim dividends are declared and approved by the Board
of Directors and are accounted for by directly adjusting
the retained earnings (surplus in the statement of profit
and loss) at the time of declaration, in accordance with the
provisions of the Companies Act, 2013.

Accordingly, the interim dividend declared by the Board
of Directors on 30-September-2024 has been adjusted
against Reserves and Surplus during the financial year
2024-25, and no separate liability has been created in the
books.

iv) inventory

Stock is carried at the lower of cost (computed on Weighted
Average basis) or net realisable value. Cost includes the
cost of purchase including duties and taxes (other than
those refundables), inward frieght, and other expenditure
directly attributable to the purchase. Trade discounts and
rebates are deducted in determining the cost of purchase.
Net realiable value is the estimated selling price in the
ordinary course of business less the estimated cost of
completion and selling expenses.

i) The Company has not revalued its Property, Plant and Equipment since the Company has adopted cost model as its accounting
policy to an entire class of Property, Plant and Equipment.

ii) The Company has not granted any loan or advance in the nature of loan to promoters, directors, KMPs and other related parties
that are repayable on demand or without specifying any terms or period of repayment

iii) There are no proceedings initiated or are pending against the company for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder

iv) The Company has been sanctioned working capital limits from banks or financial institutions on the basis of security of
current assets at any point of time during the year.

v) The Company is not declared as wilful defaulter by any bank or financial Institution or other lenders.

vi) The Company did not have any transactions with Companies struck off under Section 248 of Companies Act, 2013 or Section
560 of Companies Act, 1956 considering the information available with the Company.

vii) The Company do not have any parent company and accordingly, compliance with the number of layers prescribed under
clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017 is not applicable for the
year under consideration.

viii) There are no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to 237 of the Companies
Act, 2013 during the year.

ix) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or
kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether
recorded in writing or otherwise) that the Intermediary shall (i) directly or indirectly lend or invest in other persons or entities
identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or (ii) provide any guarantee,
security or the like to or on behalf of the Ultimate Beneficiaries.

x) The company has also not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with
the understanding (whether recorded in writing or otherwise) that the company shall (i) directly or indirectly lend or invest in
other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or
(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

xi) The Company do not have any transaction which are not recorded in the books of accounts that has been surrendered or
disclosed as income in the tax assessments under the Income Tax Act, 1961 during any of the years.

xii) The Company did not trade or invest in Crypto Currency or virtual currency during the financial year. Hence, disclosures relating
to it are not applicable.

i) The Company has not revalued its Property, Plant and Equipment since the Company has adopted cost model as its accounting
policy to an entire class of Property, Plant and Equipment.

ii) The Company has not granted any loan or advance in the nature of loan to promoters, directors, KMPs and other related parties
that are repayable on demand or without specifying any terms or period of repayment

iii) There are no proceedings initiated or are pending against the company for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder

iv) The Company has been sanctioned working capital limits from banks or financial institutions on the basis of security of
current assets at any point of time during the year.

v) The Company is not declared as wilful defaulter by any bank or financial Institution or other lenders.

vi) The Company did not have any transactions with Companies struck off under Section 248 of Companies Act, 2013 or Section
560 of Companies Act, 1956 considering the information available with the Company.

vii) The Company do not have any parent company and accordingly, compliance with the number of layers prescribed under
clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017 is not applicable for the
year under consideration.

viii) There are no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to 237 of the Companies
Act, 2013 during the year.

ix) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or
kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether
recorded in writing or otherwise) that the Intermediary shall (i) directly or indirectly lend or invest in other persons or entities
identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or (ii) provide any guarantee,
security or the like to or on behalf of the Ultimate Beneficiaries.

x) The company has also not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with
the understanding (whether recorded in writing or otherwise) that the company shall (i) directly or indirectly lend or invest in
other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or
(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

xi) The Company do not have any transaction which are not recorded in the books of accounts that has been surrendered or
disclosed as income in the tax assessments under the Income Tax Act, 1961 during any of the years.

xii) The Company did not trade or invest in Crypto Currency or virtual currency during the financial year. Hence, disclosures relating
to it are not applicable.

35 : As per AS-22 Acounting for Taxes on Income,Deferred Tax Liability has been recognized due to timing difference arising

36 : Events occuring after the reporting period : NA

37 : Claims against the company not acknowledged as debt - NIL (Previous year-nil).

38 : Previous year’s figures have been regrouped, recast and reclassified wherever necessary.

39 : The financial statements were approved by the Audit committed and Board of directors on 23-May-2025

40 : Reclassification of previous year figures upon complying with Schedule III Amendments

The Company is required to comply with the amendments in Schedule III of Companies Act, 2013 notified on 24-March-2021, with
effect from 01-April-2021 Accordingly the Company has complied with the disclosure and presentation requirements as per the
aforesaid amendments and reclassified the items in the previous years, to conform to current year classification.

The accompanying notes are an integral part of these financial statements

“As Per Our Report of Even Date” For and on behalf of the Board

For M/s PSDY & Associates Khazanchi Jewellers Limited

Chartered Accountants
FRN: 010625S

Kushal Raj N Tarachand Mehta Rajesh Mehta Goutham

Partner Managing Director Chairman & Jt. Managing Director

Director

DIN:01234768 DIN: 07605326 DIN:01642002

M No 234239

UDIN: 25234239BMIZKM5753

Date: 23-May-2025 Vikas Mehta Aashish Mehta Sakshi Jain

Place: Chennai Chief Financial Chief Executive Officer Company Secretary

Officer

---

Mar 31, 2024

Additional Regulatory Information

i) The Company has not revalued its Property, Plant and Equipment since the Company has adopted cost model as its accounting policy to an entire class of Property, Plant and Equipment.

ii) The Company has not granted any loan or advance in the nature of loan to promoters, directors, KMPs and other related parties that are repayable on demand or without specifying any terms or period of repayment

iii) There are no proceedings initiated or are pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder

iv) The Company has been sanctioned working capital limits from banks or financial institutions on the basis of security of current assets at any point of time during the year.

v) The Company is not declared as wilful defaulter by any bank or financial Institution or other lenders.

vi) The Company did not have any transactions with Companies struck off under Section 248 of Companies Act, 2013 or Section 560 of Companies Act, 1956 considering the information available with the Company

vii) The Company do not have any parent company and accordingly, compliance with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017 is not applicable for the year under consideration.

viii) There are no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013 during the year.

ix) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall (i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or (ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

x) The company has also not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the company shall (i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or (ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

xi) The Company do not have any transaction which are not recorded in the books of accounts that has been surrendered or disclosed as income in the tax assessments under the Income Tax Act, 1961 during any of the years.

xii) The Company did not trade or invest in Crypto Currency or virtual currency during the financial year. Hence, disclosures relating to it are not applicable.

Formula adopted for above Ratios:

Current Ratio = Current Assets / (Total Current Liabilities - Security Deposits payable on Demand - Current maturities of Long Term Debt)

Debt-Equity Ratio = Total Debt / Total Equity

Return on Equity Ratio = Total Comprehensive Income / Average Total Equity

Inventory Turnover Ratio (Average Inventory days) = 365 / (Net Revenue / Average Inventories)

Trade receivables Turnover Ratio (Average Receivables days) = 365 / (Net Revenue / Average Trade receivables)

Trade Payables Turnover Ratio (Average Payable days) = 365 / (Net Revenue / Average Trade payables)

Net Capital Turnover Ratio = (Inventory Turnover Ratio Trade receivables turnover ratio - Trade payables turnover ratio)

Net Profit Ratio = Net Profit / Net Revenue

Return on Capital employed = (Total Comprehensive Income Interest) / (Average of (Equity Total Debt))

Return on Investment (Assets) = Total Comprehensive Income / Average Total Assets

Long term debt to working capital = Long term borrowings / working capital

Bad debt to account receivable ratio = Bad debts / Average of Trade and other receivebles

Current Liability Ratio = Current Liailities (Excluding Current maturity of Long term debts and interest Accrued on borrowings) / Total Liabilities.

Total debt to total assets = (Non current borrowings Current borrowings)/Total Assets.

Interest service coverage ratio = EBIT / Interest on Borrowings

Debt Service coverage ratio = ( Profit or loss before Exceptional items and tax interest on borrowings )/ Interest on borrowings Repayment of Borrowings.

Net worth = Total Assets - Total Liability or Share capital Reserves and surplus.

35: The Company has not received any memorandum (as required to be filed by the suppliers with the notified authority under Micro, Small and Medium Enterprises Development Act, 2006) claiming their status as micro, small or medium enterprises. Consequently, the amount paid/ payable to these parties is considered to be nil.

36: As per AS-22 Acounting for Taxes on Income,Deferred Tax Liability has been recognized due to timing difference arising

37: Events occuring after the reporting period : The Board Directors has decided not to declare any dividends for the period April 2023 to March 2024

38: Claims against the company not acknowledged as debt - NIL (Previous year-nil).

39: Previous year''s figures have been regrouped, recast and reclassified wherever necessary.

40: The financial statements were approved by the Board of directors on 17^th of May 2024

41. Reclassification of previous year figures upon complying with Schedule III Amendments

The Company is required to comply with the amendments in Schedule III of Companies Act, 2013 notified on 24-03-2021, with effect from 01-04-2021. Accordingly the Company has complied with the disclosure and presentation requirements as per the aforesaid amendments and reclassified the following items in the previous years, to conform to current year classification.