Provisions, Contingent Liabilities and Contingent
Assets

The Company creates a provision when there is a
present obligation as a result of past event that probably
require an outflow of resources and a reliable estimate
can be made of the amount of obligation. Provisions are
measured at the best estimate of the expenditure required
to settle the present obligation at the balance sheet date

and are not discounted to the present value. These are
reviewed at each year end and adjusted to reflect the best
current estimate.

A disclosure for a contingent liability is made when there
is a possible obligation or a present obligation that may
or may not require an outflow of resources. When there
is a possible obligation or present obligation in respect of
which the likelihood of outflow of resources is remote, no
provision or disclosure is made.

Contingent Assets are neither recognised nor disclosed in
the financial statements.

Cash and Cash Equivalents

Cash and Cash Equivalents in the balance sheet and
for the purpose of cash flow statement comprise cash
in hand and cash at bank including fixed deposit with
original maturity period of three months and short-term
highly liquid investments with an original maturity of three
months or less as they are considered an integral part of
the Company’s cash management.

Financial Instruments

A Financial instrument is any contract that gives rise to
a financial asset of one entity and a financial liability or
equity instrument of another entity.

Financial Assets

Initial recognition and measurement:

Financial assets are classified, at initial recognition, as
subsequently measured at amortised cost, fair value
through other comprehensive income (OCI), and fair value
through profit or loss.

The classification of financial assets at initial recognition
depends on the financial asset’s contractual cash flow
characteristics and the Company’s business model for
managing them. With the exception of trade receivables
that do not contain a significant financing component
or for which the Company has applied the practical
expedient, the Company initially measures a financial
asset at its fair value plus, in the case of a financial
asset not at fair value through profit or loss, transaction
costs. Trade receivables that do not contain a significant
financing component or for which the Company has
applied the practical expedient are measured at the
transaction price determined under 115.

In order for a financial asset to be classified and measured
at amortised cost or fair value through OCI, it needs to give
rise to cash flows that are 'solely payments of principal
and interest (SPPI)’ on the principal amount outstanding.

This assessment is referred to as the SPPI test and is
performed at an instrument level.

The Company’s business model for managing financial
assets refers to how it manages its financial assets in order
to generate cash flows. The business model determines
whether cash flows will result from collecting contractual
cash flows, selling the financial assets, or both.

Purchases or sales of financial assets that require delivery
of assets within a time frame established by regulation
or convention in the market place (regular way trades)
are recognised on the trade date, i.e., the date that the
Company commits to purchase or sell the asset.”

Financial asset:

Subsequent measurement

For purposes of subsequent measurement, financial
assets are classified in four categories:

a) Debt instruments at amortised cost

b) Debt instruments at fair value through other
comprehensive income (FVTOCI)

c) Debt instruments, derivatives and equity
instruments at fair value through profit or loss
(FVTPL)

d) Equity instruments measured at fair value through
other comprehensive income (FVTOCI)

Debt instruments at amortised cost

A 'debt instrument’ is measured at the amortised cost if
both the following conditions are met:

a) The asset is held within a business model whose
objective is to hold assets for collecting contractual
cash flows, and

b) Contractual terms of the asset give rise on specified
dates to cash flows that are solely payments
of principal and interest (SPPI) on the principal
amount outstanding.

This category is the most relevant to the Company.
After initial measurement, such financial assets are
subsequently measured at amortised cost using the
effective interest rate (EIR) method. Amortised cost
is calculated by taking into account any discount or
premium on acquisition and fees or costs that are
an integral part of the EIR. The EIR amortisation is
included in finance income in the profit or loss. The
losses arising from impairment are recognised in the
profit or loss. This category generally applies to trade
and other receivables.”

Debt instrument at FVTPL

FVTPL is a residual category for debt instruments. Any
debt instrument, which does not meet the criteria for
categorization as at amortized cost or as FVTOCI, is
classified as at FVTPL.

In addition, the Company may elect to designate a debt
instrument, which otherwise meets amortized cost or
FVTOCI criteria, as at FVTPL. However, such election
is allowed only if doing so reduces or eliminates a
measurement or recognition inconsistency. The Company
has not designated any debt instrument as at FVTPL.

Debt instruments included within the FVTPL category are
measured at fair value with all changes recognized in the
P&L.

Equity investments

All equity investments in scope of 109 are measured at
fair value. Equity instruments which are held for trading
and contingent consideration recognised by an acquirer
in a business combination to which 103 applies are
classified as at FVTPL. For all other equity instruments,
the Company may make an irrevocable election to present
in other comprehensive income subsequent changes in
the fair value. The Company makes such election on an
instrument-by-instrument basis. The classification is
made on initial recognition and is irrevocable.

If the Company decides to classify an equity instrument as
at FVTOCI, then all fair value changes on the instrument,
excluding dividends, are recognized in the OCI. There is
no recycling of the amounts from OCI to P&L, even on sale
of investment. However, the Company may transfer the
cumulative gain or loss within equity.

Equity instruments included within the FVTPL category
are measured at fair value with all changes recognized in
the P&L.

De-recognition of financial assets

A financial asset (or, where applicable, a part of a financial
asset or part of a Company of similar financial assets) is
primarily derecognised (i.e. removed from the Company’s
consolidated balance sheet) when:

a) The rights to receive cash flows from the asset have
expired, or

b) The Company has transferred its rights to receive
cash flows from the asset or has assumed an
obligation to pay the received cash flows in full
without material delay to a third party under a 'pass¬
through’ arrangement; and either (a) the Company
has transferred substantially all the risks and

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

When the Company has transferred its rights to receive
cash flows from an asset or has entered into a pass¬
through arrangement, it evaluates if and to what extent it
has retained the risks and rewards of ownership. When
it has neither transferred nor retained substantially all
of the risks and rewards of the asset, nor transferred
control of the asset, the Company continues to recognise
the transferred asset to the extent of the Company’s
continuing involvement. In that case, the Company also
recognises an associated liability. The transferred asset
and the associated liability are measured on a basis that
reflects the rights and obligations that the Company
has retained.

Continuing involvement that takes the form of a guarantee
over the transferred asset is measured at the lower of the
original carrying amount of the asset and the maximum
amount of consideration that the Company could be
required to repay.

Impairment of financial assets

In accordance with Ind-AS 109, the Company applies
Expected Credit Loss (“ECL”) model for measurement
and recognition of impairment loss on the financial
assets measured at amortized cost and financial assets
measured at FVOCI. For financial assets other than
trade receivables, as per 109, the Company recognises
12 month expected credit losses for all originated or
acquired financial assets if at the reporting date the credit
risk of the financial asset has not increased significantly
since its initial recognition. The expected credit losses
are measured as lifetime expected credit losses if the
credit risk on financial asset increases significantly since
its initial recognition. The Company’s trade receivables
do not contain significant financing component and
loss allowance on trade receivables is measured at an
amount equal to life time expected losses i.e. expected
cash shortfall.

The impairment losses and reversals are recognised in
Statement of Profit and Loss.

Financial liabilities:

Initial recognition and measurement

Financial liabilities are classified, at initial recognition, as
financial liabilities at fair value through profit or loss, loans
and borrowings, payables, or as derivatives designated as
hedging instruments in an effective hedge, as appropriate.

ALL financial liabilities are recognised initially at fair value
and, in the case of loans and borrowings and payables,
net of directly attributable transaction costs.

The Company financial liabilities include trade and
other payables, loans and borrowings including bank
overdrafts, financial guarantee contracts and derivative
financial instruments.

The measurement of financial liabilities depends on their
classification, as described below:

Financial liabilities at fair value through profit or loss

Financial liabilities at fair value through profit and loss
include financial liabilities held for trading and financial
liabilities designated upon initial recognition as at fair
value through profit and loss. Financial liabilities are
classified as held for trading if they are incurred for the
purpose of repurchasing in the near term. This category
also includes derivative financial instruments entered
into by the Company that are not designated as hedging
instruments in hedge relationships as defined by 109.
Separated embedded derivatives are also classified as
held for trading unless they are designated as effective
hedging instruments.

Gains or losses on liabilities held for trading are recognised
in the profit and loss.

Financial liabilities designated upon initial recognition at
fair value through profit and loss are designated as such
at the initial date of recognition, and only if the criteria in
109 are satisfied. For liabilities designated as FVTPL, fair
value gains/ losses attributable to changes in own credit
risk are recognized in OCI. These gains/ losses are not
subsequently transferred to P&L. However, the Company
may transfer the cumulative gain or loss within equity. ALL
other changes in fair value of such liability are recognised
in the statement of profit or loss. The Company has not
designated any financial liability as at fair value through
profit and loss.

Loans and borrowings

This is the category most relevant to the Company. After
initial recognition, interest -bearing loans and borrowings
are subsequently measured at amortised cost using the
EIR method. Gains and losses are recognised in profit
or loss when the liabilities are derecognised as well as
through the EIR amortisation process.

Amortised cost is calculated by taking into account any
discount or premium on acquisition and fees or costs
that are an integral part of the EIR. The EIR amortisation
is included as finance costs in the statement of profit
and Loss.

De-recognition

A financial liability is derecognised when the obligation
under the liability is discharged or cancelled or expires.
When an existing financial liability is replaced by another
from the same lender on substantially different terms, or
the terms of an existing liability are substantially modified,
such an exchange or modification is treated as the de¬
recognition of the original liability and the recognition of
a new liability. The difference in the respective carrying
amounts is recognised in the Statement of Profit and Loss.

Offsetting

Financial assets and financial liabilities are offset and
the net amount is presented in the Balance Sheet, if the
Company currently has a legally enforceable right to
offset the recognised amounts and there is an intention to
settle on a net basis, or to realise the assets and settle the
liabilities simultaneously.

Employee stock option plan

The Company operates equity-settled share-based
remuneration plans for its employees. None of the
Company’s plans are cash-settled.

All goods and services received in exchange for the grant
of any share-based payment are measured at their fair
values. Where employees are rewarded using share-
based payments, the fair value of employees’ services is
determined indirectly by reference to the fair value of the
equity instruments granted.

This fair value is determined with the assistance of an
external valuer at the grant date and excludes the impact
of non-market vesting conditions (for example profitability
and sales growth targets and performance conditions).
Non-market vesting conditions are included in assumptions
about the number of options that are expected to become
exercisable. Estimates are subsequently revised if there
is any indication the number of share options expected to
vest differs from previous estimates. Any adjustment to
cumulative share-based compensation resulting from a
revision is recognised in the current period.

Market conditions are taken into account when estimating
the fair value of the equity instruments granted. ALL share-
based remuneration is recognised as an expense in
profit or Loss with a corresponding credit to share based
payment reserve. If vesting periods or other vesting
conditions apply, the expense is allocated over the
vesting period, based on the best available estimate of the
number of share options expected to vest. Upon exercise
of share options, the proceeds received, net of any
directly attributable transaction costs, are allocated to
share capital up to the nominal (or par) value of the shares
issued with any excess being recorded as share premium.

Securities Premium Reserve

Securities premium reserve is used to record the premium on issue of shares. The reserve can be utilised only for limited
purposes such as issuance of bonus shares in accordance with provisions of the Companies Act 2013.

Share Application Money Pending Allotment

The Company has issued Equity shares against the warrants issued last year @ C 1182/- Per Warrants & out of which C 297/-
Per Warrants have been received in last year and Balance C 885/- Per Warrants have been received during the financial year.
Total Warrants issued by the Company is 217000 out of which 49500 warrants paid entire amount in last financial year and
shares have been issued against the same in last financial year, Balance 167500 warrants holder paid the balance amount
during the financial year and shares have been issued against the same. Now no warrants stands pending for conversion into
shares.

Surplus in profit and loss

Retained earnings comprise of the Company’s undistributed profits after taxes and includes re-measurement of defined
benefit plan.

Bank Guarantee

Gold on Lease taken from Digital Gold India Private Limited against the Bank Guarantee of C 750.00 Lakhs issued by the
HDFC Bank Limited. Bank Guarantee issued in Favor of Digital Gold India Private Limited. This BG shall be in addition
and without prejudice to any other indemnity or security or collateral that the Beneficiary may at any time hold for the
performance of any obligations and liabilities owed by the Applicant to the Beneficiary and may be enforced without the
Beneficiary first having recourse to any such indemnity or security or collateral taking any steps or proceedings against
the Applicant. Our liability under this BG shall not be affected by the Beneficiary giving time or other indulgence to the
Applicant, or by the Beneficiary realizing or entering into any compromise with the Applicant.

This BG shall be not be discharged by any change in our constitution or the constitution of the applicant or the Beneficiary.
Partial Drawings are allowed. However, overall liability of bank, shall not exceed the amount of this bank guarantee

2) ICICI Bank Limited:

Primary Security:

Current Assets with First Pari Passu Charge for Gold Metal Loan, Cash Credit Facility, Working Capital Demand Loan,
Bank Guarantee and Rupee Term Loan.

Current Assets with Second Pari Passu Charge for Working Capital Term Loan.

Collateral Security:

Immovable Properties (which are held with SBI Cap Trustee Limited) Details of which are given below) with First Pari
Passu Charge for Gold Metal Loan, Cash Credit Facility, Working Capital Demand Loan, Bank Guarantee and Rupee
Term Loan.

Immovable Properties (which are held with SBI Cap Trustee Limited and Details of which are given below) with Second
Pari Passu Charge for Working Capital Term Loan.

Personal Guarantee:

All the above facilities have been secured against personal guarantee of Mr. Anil Kataria (Whole Time Director),
Mr. Santosh Kataria (Managing Director), Mrs. Renu Kataria (Director), Mr. Ratanlal Kataria (Promoter), Mr. Sanjay Kataria
(Promoter), Mr. Vikas Katraia (Promoter) & Mrs. Suman Devi Kataria (Promoter)

3) State Bank of India Limited:

Primary Security:

Hypothecation: First Pari Passu charge on Co. entire present and future stocks on reciprocal basis comprising Raw
Material, Stock in Process, Finished Goods, consumable stores and spares and receivables at the co.’s Owned or
Leased premises or given for Job Work including goods in transit/shipment.

Collateral Security:

Immovable Properties (which are held with SBI Cap Trustee Limited) details of which are given below.

Personal Guarantee:

All the above facilities have been secured against personal guarantee of Mr. Anil Kataria (Whole Time Director),
Mr. Santosh Kataria (Managing Director), Mrs. Renu Kataria (Director), Mr. Ratanlal Kataria (Promoter), Mr. Sanjay Kataria
(Promoter), Mr. Vikas Kataria (Promoter) & Mrs. Suman Devi Kataria (Promoter)

4) Kotak Mahindra Bank Limited :

For Hypothecation:

First Pari Passu hypothecation charge to be shared with HDFC Bank, ICICI Bank and Other bank on all existing and

future current assets and movable fixed assets of the borrower.

For Mortgage:

1. First Pari Passu equitable/Registered mortgage charge to be shared with HDFC Bank, ICICI Bank and Other bank
on immovable property being Land and Building (which held with SBI Cap Trustee Limited) details of which are
given below.

2. All the above facilities have been secured against personal guarantee of Mr. Anil Kataria (Whole Time Director),
Mr. Santosh Kataria (Managing Director), Mrs. Renu Kataria (Director), Mr. Ratanlal Kataria (Promoter), Mr. Sanjay
Kataria (Promoter), Mr. Vikas Kataria (Promoter) & Mrs. Suman Devi Kataria (Promoter)

Details of Immovable Properties Secured against banking facilities (which held with SBI Cap Trustee Limited.) are as

follows:

1. House Bearing S.No 31/188/71 To 73, Sale Deed Dt 05.02.2007 & 10.04.2007, Dhanji Bai Ka Nohra, Bajajkhana,
Ratlam, 457001,Madhya Pradesh, India owned by Sanjay Kataria and Anil Kataria*

2. No. 101, 102, 201, 202 and 203 M G Road, Yashwant Niwas Road, First Floor And Second Floor, 569/3, M G Road, D
N R 90 Degree, Indore, 452003, Madhya Pradesh, India owned by DP Abhushan Limited*

3. New Mu No 24/116/19, Chandani Chouk Ratlam, 457001, Madhya Pradesh, India owned by Suman Devi Kataria*

4. Showroom at Bhopal Plot No. 06 Teh. Huzur, Ward No. 34, Malviya Nagar, Bhopal - 462011 owned by DP Abhushan
Limited*

5. 138, Chandani Chowk, Ratlam (M.P.)- 457001 owned by Ratanlal Kataria*

6. Survey No. 690/2, 692 & 693, Gopal Goshala Colony Dwarkapuri, Ratlam (M.P.)-457001 owned by Vikas Kataria*

The Company has not defaulted for any loans payable, and there has been no breach of any loan covenants.

33.2.2 Financial risk management

The company’s principal financial liabilities, other than derivatives, comprise loans and borrowings, trade and other payable.
The main purpose of these financial liabilities is to finance the Company’s operations. The Company’s principal financial assets
include trade and other receivables and cash and cash equivalents that derive directly from its operations.

The company is exposed to market risk, credit risk and liquidity risk. The company’s senior management oversees the management
of these risks. It is the Company’s policy that no trading in derivatives for speculative purposes may be undertaken. The Board of
Directors reviews and agrees policies for managing each of these risks, which are summarised below.

A 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, and arises principally from the Company’s exposures to trade receivables (mainly institutional
customers and credit sales), deposits with landlords for store properties taken on leases and other receivables including
balances with banks.

Trade receivables and other deposits

The Company’s retail business is predominantly on 'cash and carry’ basis which is largely through cash and credit card
collections. The credit risk on such credit card collections is minimal, since they are primarily owned by customers’ card
issuing banks. The Company has adopted a policy of dealing with only credit worth counterparties in case of institutional
customers and credit sales and the credit risk exposure for institutional customers and credit sales are managed by the
Company by credit worthiness checks. The Company also carries credit risk on lease deposits with landlords for store
properties taken on leases, for which agreements are signed and property possessions timely taken for store operations. The
risk relating to refunds of deposits after store shut down is managed through successful negotiations or appropriate legal
actions, where necessary.

Other financial assets

The Company maintains exposure in cash and cash equivalents and term deposits with banks. The Cash and cash equivalents
and term deposits are held with the banks with good credit ratings.

The Company’s maximum exposure to credit risk as at 31^st March 2026 and 31^st March 2025 is the carrying value of each
class of financial assets.

B Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial
liabilities that are settled by delivering cash or another financial asset. The Company’s approach to managing liquidity is to
ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and
stressed conditions, without incurring unacceptable losses or risking damage to the Company’s reputation.

The Company regularly monitors the rolling forecasts to ensure it has sufficient cash on an on-going basis to meet operational
needs. Any short term surplus cash generated, over and above the amount required for working capital management and
other operational requirements, is retained as cash and cash equivalents (to the extent required) and any excess is invested
in interest bearing term deposits with appropriate maturities to optimise the cash returns on investments while ensuring
sufficient liquidity to meet its liabilities.

Exposure to liquidity risk

The following are the remaining contractual maturities of financial liabilities at the reporting date. The amounts are gross and
undiscounted, and include estimated interest payments:

C Market risk

i. Market risk

Market risk is the risk that changes in market prices -
such as foreign exchange rates, interest rates and equity
prices - will affect the Company’s income or the value
of its holdings of financial instruments. The objective of
market risk management is to manage and control market
risk exposures within acceptable parameters, while
optimising the return.

ii. Interest rate risk

Interest rate risk can be either fair value interest rate risk
or cash flow interest rate risk. Fair value interest rate risk
is the risk of changes in fair values of fixed interest-bearing
financial assets or borrowings because of fluctuations in
the interest rates, if such assets/borrowings are measured
at fair value through profit or loss. Cash flow interest rate
risk is the risk that the future cash flows of floating interest¬
bearing borrowings will fluctuate because of fluctuations
in the interest rates.

Exposure to interest rate risk

The interest rate profile of the Company’s interest-bearing
financial instruments as reported to the management of
the Company is as follows.

D Commodity Price Risk

The Company is exposed to price risk associated with gold,
its primary raw material. To mitigate this risk, the Company
enters into Gold Metal Loan (GML) arrangements and
Gold on Lease agreements with bullion banks. Under
these schemes, the price of gold is fixed at the time of sale
or within a contractually permitted window, effectively
creating a natural hedge against market fluctuations.

Unhedged/Unfixed Exposure:

As of the reporting date, the details of unfixed gold
liabilities that are exposed to price risk are as follows:

33.3 Capital management

The Company’s policy is to maintain a strong capital base so
as to maintain investor, creditor and market confidence and
to sustain future development of the business. Management
monitors the return on capital as well as the level of dividends
to ordinary shareholders.

The board of directors seeks to maintain a balance between
the higher returns that might be possible with higher levels
of borrowings and the advantages and security afforded
by a sound capital position. The primary objective of the
Company’s Capital Management is to maximise shareholder
value. The Company manages its capital structure and
makes adjustments in the light of changes in the economic
environment and the requirements of the financial covenants,
if any.

The Company monitors capital using a ratio of 'adjusted net
debt’ to 'equity’. For this purpose, adjusted net debt is defined
as total borrowings, comprising interest-bearing loans and
borrowings less cash and cash equivalents. Equity comprises
all components of equity.

Note - The Company has transferred unspent Corporate Social
Responsibility (CSR) amount as at the end of the previous
financial year, to a Fund specified in Schedule VII to the
Companies Act within a period of six months of the expiry of
the financial year in compliance with second proviso to sub¬
section (5) of section 135 of the said Act;

of qualifying employees towards Provident Fund
and Employees State Insurance, which are defined
contribution plans. The Company has no obligations
other than to make the specified contributions. The
contributions are charged to the Statement of Profit
and Loss as they accrue. The amount recognised as an
expense towards contribution to Provident Fund and
other funds for the year aggregated to C 193.18 Lacs (31
March 2025: C 150.78 Lacs) which is shown under notes to
financial statements 26 - 'Employee benefits expenses.

b) Defined benefit plans

Employee gratuity fund scheme is the defined benefit
plan. Provision for gratuity has been made in the accounts
in respect of employees who have completed required
number of years of service as on date of balance sheet
based on Actuarial Valuation Report obtained from
Actuarial Consultant. Gratuity is paid at the time of
retirement of employees. Short Term Employee Benefits
like leave benefit, if any, are paid along with salary and
wages as and when accrued, bonus to employees are
charged to profit and loss account on the basis of actual
payment on year to year basis.

Note: The Disclosure in respect of the amounts payable to
Micro and Small Enterprises have been made in the financial
statements based on the information received and available
with the Company. Further in view of the Management, the
impact of interest, if any, that may be payable in accordance
with the provisions of the Act is not expected to be material.
The Company has not received any claim for interest from any
supplier as at the balance sheet date. These facts have been
relied upon by the auditors.

33.12 Corporate Social Responsibility

Details of the Corporate Social Responsibility Expenditure: -

The Company does not make any CSR transaction with
related party.

Discount Rate:

The rate used to discount post-employment benefit
obligations (both funded and unfunded) shall be
determined by reference to market yields at the end of
the reporting period on high quality corporate bonds. In
countries where there is no deep market in such bonds,
the market yields (at the end of the reporting period) on
government bonds shall be used. The currency and term
of the corporate bonds or government bonds shall be
consistent with the currency and estimated term of the
post-employment benefit obligations.

The estimated term of the Obligation is around 10.66
years. The yields on the government bonds as at the 31¬
03-2026 were 7.25%.

Salary Growth Rate

This is Management’s estimate of the increases in the
salaries of the employees over the long term. Estimated
future salary increases should take account of inflation,
seniority, promotion and other relevant factors such as
supply and demand in the employment market.

The salary escalation assumption reflects the expected
‘average’ over the entire population, as well as over time.
When setting the assumption, companies must consider
what Cumulative Average Growth Rate (CAGR) in salaries
of the existing employees is expected over the duration of
the liabilities.

Rate of Return on Plan Assets

This assumption is required only in case of funded plans.
Interest income on plan assets is calculated using the rate
used to discount the defined benefit obligation.

Withdrawal Rates

This is Management’s estimate of the level of attrition in
the company over the long term. Estimated withdrawal
rates should take into account the broad economic
outlook, type of sector the company operates in and
measures taken by the management to retain/ relieve
the employees.

Mortality Rates

Mortality rate is a measure of the number of deaths (in
general, or due to a specific cause) in population, scaled
to the size of that population, per unit of time.

Reasonableness of Assumptions

The Salary growth rate & Withdrawal rate assumptions
are the expectation of the Management for the future
years. It should be noted that we have not performed
any validation check for appropriateness and adequacy

of assumptions. The importance and broad guidelines
related to assumptions were shared to clients.

The Assumptions provided by the Management have been
accepted since The Management is best aware of the
various factors that affects future trends and since It is
Management responsibility to decide the future trends.

The future accrual is not considered in arriving at the
above cash-flows.

This is Management’s estimate of the increases in the
salaries of the employees over the long term. Estimated
future salary increases should take account of inflation,
seniority, promotion and other relevant factors such as
supply and demand in the employment market.

33.14 Disclosure pursuant with SEBI (Listing
obligation and disclosure requirement, 2015) and
section 186 of the Companies Act,2013

No loans and guarantee have been given by the Company to
any third party or its subsidiary companies.

33.15 Events after the reporting period

The Company has evaluated subsequent events from the
balance sheet date through 21^st May, 2026, the date at which
the financial statement was available to be issued, and
determine that there are no material items to disclose other
than those disclosed.

33.16 Other Statutory information

(a) The Company have not advanced or loaned or investee
funds to any other person(s) or entity(ies), including
foreign entities (Intermediaries) with the understanding
that the Intermediary shall:

(i) Directly or indirectly lend or invest in other persons
or entities identified in any manner whatsoever by oi
on behalf of the company (Ultimate Beneficiaries) or

(ii) Provide any guarantee, security or the like to or or
behalf of the Ultimate Beneficiaries.

(b) The Company have 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 whatsoevei
by or on behalf of the Funding Party (Ultimate
Beneficiaries) or

(ii) Provide any guarantee, security or the like on behah
of the Ultimate Beneficiaries.

(c) The Company does not have any such transaction which
is 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.

33.17 Relationship with Struck off companies

There are no balance outstanding on account of any transaction
with companies struck off under section 248 of the Companies
Act, 2013 or section 560 of Companies Act,1956.

33.18 The Standalone financial statements were
approved for issue by the Board of Directors on 21st
May, 2026.

33.19 Segment Reporting

The Company’s business activity falls within a single
primary business segment of “Jewellery” and one reportable
geographical segment which is “within India”. Accordingly_:
the company is a single segment company in accordance with
Indian Accounting Standard 108 “Operating Segment”.

33.20 The Company has not traded or invested in any crypto
currency or virtual currency during the financial year.

33.21 The Company has not been declared a wilful defaulter
by any bank or financial institution or other lender (as defined
under the Companies Act, 2013) or consortium thereof, in
accordance with the guidelines on wilful defaulters issued by
the Reserve Bank of India.

33.22 The figures for the previous year have been re-grouped/
re-arranged, wherever necessary, to correspond with the
current year classification/disclosure.

33.23 Share Based Payments

The Company has Employee Stock Option Plan (‘ESOP 2024’
or the ‘Plan’) for providing compensation to its employees. As
per the Plan, the Board of Directors of the Company grants
options to the eligible employees of the Company. These
options are equity settled.