1.9 Provisions, Contingent Liabilities and Contingent Assets

Provisions are recognized when there is a present obligation (legal or constructive) as
a result of a past event, it is probable that an outflow of resources embodying
economic benefits will be required to settle the obligation and there is a reliable
estimate of the amount of the obligation. When a provision is measured using the
cash flows estimated to settle the present obligation, its carrying amount is the
present value of those cash flows (when the effect of the time value of money is
material). Contingent liabilities are disclosed when there is a possible obligation arising
from past events, the existence of which will be confirmed only by the occurrence or
non-occurrence of one or more uncertain future events not wholly within the control
of the company or a present obligation that arises from past events where it is either
not probable that an outflow of resources will be required to settle the obligation or a
reliable estimate of the amount cannot be made.

1.10 Leases

Policy Applicable from April 1, 2019

The Company accounts for each lease component within the contract as a lease
separately from non-lease components of the contract and allocates the consideration
in the contract to each lease component on the basis of the relative stand -alone price
of the lease component and the aggregate stand-alone price of the non-lease
components.

The Company recognises right-of-use asset representing its right to use the underlying
asset for the lease term at the lease commencement date. The cost of the right-of-use
asset measured at inception shall comprise of the amount of the initial measurement
of the lease liability adjusted for any lease payments made at or before the
commencement date less any lease incentives received, plus any initial direct costs
incurred and an estimate of costs to be incurred by the lessee in dismantling and
removing the underlying asset or restoring the underlying asset or site on which it is
located. The right-of-use assets is subsequently measured at cost less any
accumulated depreciation, accumulated impairment losses, if any and adjusted for any
remeasurement of the lease liability. The right-of-use assets is depreciated using the
straight-line method from the commencement date over the shorter of lease term or
useful life of right-of-use asset. The estimated useful lives of right-of use assets are
determined on the same basis as those of property, plant and equipment. Right-of-use
assets are tested for impairment whenever there is any indication that their carrying

amounts may not be recoverable. Impairment loss, if any, is recognised in the
statement of profit and loss.

The Company measures the lease liability at the present value of the lease payments
that are not paid at the commencement date of the lease. The lease payments are
discounted using the interest rate implicit in the lease, if that rate can be readily
determined. If that rate cannot be readily determined, the Company uses incremental
borrowing rate. For leases with reasonably similar characteristics, the Company, on a
lease by lease basis, may adopt either the incremental borrowing rate specific to the
lease or the incremental borrowing rate for the portfolio as a whole. The lease
payments shall include fixed payments, variable lease payments, residual value
guarantees, exercise price of a purchase option where the Company is reasonably
certain to exercise that option and payments of penalties for terminating the lease, if
the lease term reflects the lessee exercising an option to terminate the lease. The
lease liability is subsequently remeasured by increasing the carrying amount to reflect
interest on the lease liability, reducing the carrying amount to reflect the lease
payments made and remeasuring the carrying amount to reflect any reassessment or
lease modifications or to reflect revised in -substance fixed lease payments. The
company recognises the amount of the re-measurement of lease liability due to
modification as an adjustment to the right-of-use asset and statement of profit and
loss depending upon the nature of modification. Where the carrying amount of the
right-of-use asset is reduced to zero and there is a further reduction in the
measurement of the lease liability, the Company recognises any remaining amount of
the re -measurement in statement of profit and loss.

Short-term leases having a lease term of 12 months or less and low value leases are
accounted for in the statement of profit and loss as a revenue item.

Nature and purpose of other equity

(a) Retained Earnings:

Retained earnings are the profits that the Company has earned till date, less any transfers to general reserve,
dividends or other distributions paid to shareholders.

(b) FVTOCI Equity Investments:

The company has elected to recognise changes in the fair value of certain investments in equity securities in other
comprehensive income. These changes are accumulated within the FVTOCI Equity Investments reserve within
equity. The company transfers amount from this reserve to retained earnings when the relevant equity securities
are derecognised.

Note: In view of nature of business and various components of financial statements, other Ratios as mentioned in
Schedule III are not applicable to the Company or has no relevance or not practical to be calculated.

Note 23: Dues to micro & small enterprises

The Company has called for complete information from all the vendors regarding their status as small-scale/micro
industrial undertaking. Based on information received regarding the status of the vendors there are no amounts
outstanding for more than Rs.1,00,000/- for more than 30 days.

The carrying amounts of trade receivables, cash and bank balances, loans, and trade payables are considered to be approximately equal to
the fair value.

Valuation techniques used to determine fair value

Significant valuation techniques used to value financial instruments include:
o Use of quoted market price or dealer quotes for similar instruments
o Using discounted cash flow analysis.

The fair values computed above for assets measured at amortised cost are based on discounted cash flows using a current borrowing rate.
They are classified as level 2 fair values in the fair value hierarchy due to the use of unobservable inputs.

Note 25: Segment Reporting

The Company is engaged mainly in trading activities and as such there are no other reportable segment as defined by
Indian Accounting Standard 108 on "Operating Segments" issued by the Institute of Chartered Accountants of India.

Note 30: Details of benami property held

There has been no proceedings initiated or pending against the Company for holding any benami property under the
Benami Transactions (Prohibitions) Act, 1988 (45 of 1988) and the rules made thereunder.

Note 31: Wilful defaulter

The Company has not been declared wilful defaulter by any bank or financial institution or other lender.

Note 32: Compliance with number of layers of companies

The Company does not have any subsidiary(s), therefore Section 2 of the Companies Act, 2013 read with Companies
(Restriction on number of Layers) Rules, 2017 relating to Layers of Companies is not applicable.

Note 33: Undisclosed income

The Company does not have any transaction not recorded in the books of accounts that has been surrendered or
disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey
or any other relevant provisions of the Income Tax Act, 1961).

Note 34: Intangible assets under development

There are no Intangible assets under development as on March 31, 2025.

Note 35: Security of current assets against borrowings

The Company does not have borrowings from banks or financial institutions on the basis of security of current assets.
Note 36: Compliance with approved scheme(s) of arrangements

No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the
Companies Act, 2013.

Note 37: Details of crypto currency or virtual currency

The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial year ended on
March 31, 2025.

Note 38: Title deeds of immovable property not held in name of the company

The Company does not have any immovable property (other than properties where the Company is the lessee and the
lease agreements are duly executed in favour of the lessee) whose title deeds are not held in the name of the
Company.

Note 39: Utilisation of borrowed funds/share premium/any other source of funds

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 or entity, including foreign entities ("Intermediaries") with the
understanding (whether recorded in writing or otherwise) that the Intermediary shall, whether, directly or indirectly
lend or invest in other persons/entities identified in any manner whatsoever by or on behalf of the Company ('ultimate
beneficiaries') or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries of the Company in
the ordinary course of business .

Accordingly, no further disclosures, in this regard, are required.

The Company has 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 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 provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

Note 40 : Previous year figures

Previous year figures have been re-grouped / re-classified / restated wherever necessary to confirm the current year
classification.

For and on behalf of the Board of Directors of
DJS Stock and Shares Limited
CIN: L67120MH1994PLC442993

Bhawani Singh Shekhawat Aniruddh Parashar Khushboo Vasudev

Managing Director Director & CFO Company Secretary

DIN: 06970102 DIN: 02576496 Membership: ACS51287

Mumbai
May 29, 2025