xi) 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 arc not recognized but disclosed in Financial Statements. Contingent Assets arc neither recognized nor disclosed in the financial
statements.

xii) 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 statement of profit and loss. The I
company has provided for the provision as per AS-15
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. Hie company has not provided for the provision as per AS-15

xiii) 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 J
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.

ix) Cash Flow

Cash Hows are reported using indirect method, whereby profit before Lax is adjusted for the effects of transactions of non - cash nature, any deferrals or
accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. Cash flows
from operating, investing and financing activities of the Company are segregated accordingly.

2.B Changes In Accounting Policies In The Years Covered In The Financials

There was no change in accounting policies, which needs to be adjusted in the Financial Statement, except:-

1) Accounting of retirement benefits was accounted on cash basis which is not as per AS-15 (Revised) “Employee benefits”, how ever during the restatement
Company has accounted such retirement benefits basis actuarial valuation certificate

32 Additional regulatory and other information as required by the Schedule III to the Companies Act 2013

') 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.

n) Ihe Company has granted any loan or advance in the nature of loan to promoters, directors, KMPs and other related parties that are reparable on demand or without specifying any
terms or period of repayment

ml i'here are no proceedings initiated or are pending agamst the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and
rules made thereunder

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

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

vi) 1 he 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 die Company.

vu) 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

i\) 1 he 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
otherw ise) 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.

xix) Examination of Books of Accounts

The list of books of accounts maintained ts based on information provided by the assessee and is not exhaustive. The information in audit report is based on our examination of books
of accounts presented to us at the time of audit and as per the information and explanation provided by the assessed at the time of audit

xx) The restated financial statements were approved by the Board of directors on 02nd July 2024

xxi) Reclassification of previous year figures upon complying with Schedule TO Amendments___

"As Per Our Report of Even Date" ^^{or ant}* ^on behalf ol the boai d

For A B C D & Co M's Jeyyam Global f oods limited

Chartered Accountants

FRN: 016415S — —--

iff „ faf \0A Shripal Veeramrhand Sanghvi Amit Agarwal —---r

— / j \ r\ Whole time director Managing Director

'yY/f/fV' i^\ /S) DIN: 07788214 DIN: 01653009

c GLteci-

Vinay Kumar Bachhawat ^K__^ l Jr V J^J/T

M No 214520 Chinnaponnu Devarajan Khtifa .^glrwai

UDIN: 24214520BKCWUY2456 Chief Financial Officer Companyfajcrctary

Date: 02-07-2024 ^M- ^{No: A,S689}

Place: Chennai_____________—