Provisions, Contingent Liabilities and Contingent Assets

A contingent liability exists when there is a possible but not probable obligation, or a present obligation that may, but
probably will not, require an outflow of resources, or a present obligation whose amount cannot be estimated reliably.
Contingent liabilities do not warrant provisions, but are disclosed unless the possibility of outflow of resources is
remote. Contingent assets are neither recognized nor disclosed in the financial statements. However, contingent assets
are assessed continually and if it is virtually certain that an inflow of economic benefits will arise, the asset and related
income are recognized in the period in which the change occurs.

Borrowing Costs:

Borrowing cost includes interest, and other ancillary costs incurred in connection with the arrangement of borrowings
and are charged to revenue. Borrowing costs that are attributable to the acquisition or construction of qualifying assets
are capitalized as part of the cost of such assets. A qualifying asset is one that necessarily takes a substantial period of
time to get ready for its intended use. All other borrowing costs are charged to the Statement of Profit and Loss in the
period in which they are incurred.

Prior Period Expenditure:

The change in estimate due to error or omission in earlier period is treated as prior period items. The items in respect of
which liability has arisen/crystallized in the current year, though pertaining to earlier year is not treated as prior period
expenditure.

Extra Ordinary Items:

The income or expenses that arise from event or transactions which are clearly distinct from the ordinary activities of
the Company and are not recurring in nature are treated as extra ordinary items. The extra ordinary items if any are
disclosed in the statement of profit and loss as a part of net profit or loss for the period in a manner so as the impact of
the same on current profit can be perceived.

Cash Flow Statement:

Cash flows are reported using indirect method, whereby profit before tax is adjusted for the effects transactions of a
non-cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flow from regular
revenue generating, financing and investing activities of the Company is segregated. Cash and cash equivalents in the
balance sheet comprise cash at bank term deposits maturing within 12 months, cash/cheques in hand and short term
investments with an original maturity of three months or less.

Accounting for Government Grants:

The Company has not received any subsidy during the year.

Accounting for Amalgamation:

The company has not entered into any amalgamation contract in the current financial year.

Leases:

There are no leases operating within the company.

Financial Reporting of Interests in Joint Ventures:

This Standard is not applicable in case of the Company as the Company has not entered into any Joint Venture.
Contingencies and Events Occurring after Balance Sheet Date:

Disclosure of contingencies if any as required by the accounting standard is furnished in the Notes on accounts.

Related Party Disclosures:

Details of related parties and transaction are disclosed in Note-37 of the Financial Statements.

Discontinuing Operations:

This Standard is not applicable to our Company since the Company has not discontinued any operations during the year.

Balances of Sundry Debtors, Loan & Advances and Sundry Creditors are subject to confirmation and reconciliation (if
any).

In the opinion of the Board of Directors, the current assets, loans and advances are approximately of the value stated if
realized in the ordinary course of business. The provision for depreciation and for all known liabilities are adequate and
not in excess of the amount reasonably necessary.

For and on behalf of Board of Directors of
M/s QVC Exports Limited

For DOKANIA S. KUMAR & CO.

Firm Registration No. 322919E
Chartered Accountants

Nilesh Kumar Sharma Esanoo Kanjilal

Managing Director Whole-time Director

DIN:01630995 DIN:09802002

(CA Sourav Dokania)

Partner

Membership No.(F) 304128

Place: Kolkata Arun Kumar Mandal Khushboo Singh

Dated: 05.06.2025 Chief Financial Manager Company Secretary

M.No.52761