m) Provisions, Contingent Liabilities and Contingent Assets:

(i) Provisions are recognized only when there is a present obligation as a
result of past events and when a reliable estimate of the amount of
obligation can be made.

(ii) Contingent liability is disclosed for

(a) Possible obligations which will be confirmed only by future events not
wholly within the control of the Company or

(b) Present obligations arising from past events where it is not probable that
an outflow of resources will be required to settle the obligation or a reliable
estimate of the amount of the obligation cannot be made.

(iii) Contingent Assets are not recognized in the financial statements since
this may result in the recognition of income that may never be realised.

n) Segment Reporting:

The Company has generated its revenue from the business of fashion jewellery,
as permitted under the ancillary Object Clause of its Memorandum of
Association (MOA). Hence, segment reporting is not applicable.

o) Impairment of Assets:

The Company assesses at each Balance Sheet date whether there is any
indication that an asset may be impaired. If any such indication exists, the
Company estimates the recoverable amount of the assets. If such recoverable
amount of the asset or the recoverable amount of the cash generating unit to
which the asset belongs is less than it carrying amount, the carrying amount is
reduced to its recoverable amount. The reduction is treated as an impairment
loss and is recognized in the Profit and Loss Account. If at the Balance Sheet
date there is an indication that if a previously assessed impairment loss no
longer exists, the recoverable amount is reassessed and the asset is reflected at
the recoverable amount.

2} Terms/ Right attached to Equity Shares

The Company has only one class of equity shares having a par value of Rs. 10 per share.Each holder of
equity shares is entitled to one vote per share and the equity shares will rank pari passu with each
other in all respects.

The Board of Directors has not declared any dividend during the reporting period due to continues loss.

In event of liquidation of the Company, the holders of equity shares would be entitled to receive remaining
assets of the Company, after distribution of all preferential amounts. The Distribution will be in proportion
to the number of equity shares held by the shareholders.

3} Aggregate number of shares issued for consideration other than cash and shares bought back during the period
of five years immediately preceding the year end:

i) Shares allotted as fully pa)d pursuant to contract(s) without payment being received in cash during the FY 20-21 to 25-
Nil

ii) Shares issue.d in aggregate number and class of shares allotted by way of bonus shares during the FY 20-21 to 25-20

Nil

*

iii} Shares bought back during the financial year 2020-21 to 2025-26:

Nil

iv) Shares issued under employee stock option plan (ESOP) during the financial year 2020-21 to 2025-26:

Nil

v) Shares reserved for issue under options: •

Note 20: Disclosure pursuant to accounting standard 15- Employee benefits

As company is having number of employees below prescribed limit for applicability of PF, hencB provisions
of this acts are not applicable to the company .

Note 21: Operating tease

The Company entered into few operation arrangement for its godown & offices premises for a period ranging from
1 to 3 years and, is renewable on a periodic basis at the option of the lesser and /or lessee. Under this arrangement,
generally refundable deposits interest free has been given. Disclosure in respect ol premises taken on non-cancellable
lease are as follows.

Nate 22: Contingent liabilities, capital and other commitment

(a) Contingent liabilities; There is no known claims against the company to be reported as contingent liabilities as at
balance sheet date.

(b) Capital and other commitment: There is no known capital and other commitment to be reported as at
balance sheet date.

(c) The Company's net worth has been fully eroded due to accumulated losses losses including the loss for the year.

However, the accounts are presented on the basis applicable to "going concern" assumption is on the basis of
foreseeable future.

Note 23; Income & Expenditure in foreign currency

There are no transaction in foreign currency entered into by the company during the year.

Note 24: Revaluation Of PPE Based On The Valuation By A Registered Valuer

Company do not have revaluation of Property, Plant and Equipment, so this clause not applicable

Note 25; Loans Of Advafl-CesinJhe Nature Of loans Are Granted To Promoters^ Directors, Kmps And The Related Parties

Comapany has not given any loan to propoters, directors and KMPs and related parlies.

%

Note 26^ Capital-Work-In Progress (Cwip)

Company do not have any Capital work In progress so this clause not applicable to company._