2.10 Provision, Contingent Liabilities and Contingent Assets
A provision is recognized when an enterprise has a present obligation as a result of past event and it is probable that
an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made.
Liabilities which are material and whose future outcome cannot be ascertained with reasonable certainty, are treated
as contingent and disclosed by way of Notes to the financial statements,
2.11 Segment Information
The Company is engaged in a single business segment - retail business of jewellery and ornaments made from gold
and diamonds and operates primarily in one geographical area. Therefore, segment reporting, as required under
Accounting Standard ( AS) 17 - "Segment Reporting," is not applicable to the Company,
C. Rights, preferences and restrictions attached to Equity shares
The company has issued only one class of equity shares having a par value of Rs.10 per share. F.ach shareholder ot
equity share is entitled to one vote per share. Dividend is subject to approval of the shareholders in the ensuing annual
general meeting. In the event of liquidation of the company, the holders of equity shares will be entitled to receive
remaining assets of the company, after distribution of all preferential accounts, if any. The distribution will be in the
proportion to the number of equity shares held by the share holders.
E. Details of issue/buy back of Equity shares in last 5 financial years
1, Company has issued 4.16.876 Bonus Equity Shares on June 10. 2022 in the ratio of 1:4 i.e. for every 4 equity shares I
bonus equity share.
2. Company has issued 2.08.438 Bonus Equity Shares on June 17, 2022 in the ratio of I :t0 i.e. for every 10 equity
shares 1 bonus equity share.
3 Company has issued 7,00,000 Equity Shares on January 01,2023 for cash price of? 50 per equity shares including
securities premium of ? 40 per equity shares.
4. Company has issued 29,92,814 Bonus Equity Shares on January 06.2023 in the ratio of 1:1 i.e. for every' I equity
share I bonus equity share.
30. Additional information to financial statements:
a. Corporate social responsibility activities
As per Section 135 ofthe Companies Act. 20L3: Every company having net worth of rupees five hundred
crore or more, or turnover of rupees one thousand crore or more or a net profit of rupees five crore or
more during the immediately preceding financial year shall constitute a Corporate Social Responsibility
Committee of ihe Board consisting of three or more directors, out of which at leasi one director shall be
an independent director.
Provisions of section 135 of Companies Act. 2013 is not applicable to the company.
b. Undisclosed income
The Company has not surrendered or disclosed as income any transactions not recorded in the books of
accounts in the course of tax assessments under the Income Tax Act. 1961 (such as. search or survey or
any other relevant provisions of the Income Tax Act, 1961).
c. Details of cry pto currency or virtual currency
The Company has neither traded nor invested in crypto currency or virtual currency. Further, the Company
has also not received any deposits or advances from any person for the purpose of trading or investing in
crypto currency or virtual currency.
g. Events occurring alter the balance sheet date
Subsequent to the balance sheet date of March 31, 2025, the Company received trading approval from the
Bombay Stock Exchange on May 09. 2025. Pursuant to this, the Company issued and allotted 30.00,000 equity
shares at a price of Rs. 54 per equity share (including a premium of Rs. 44 per equity share) aggregating to Rs.
1620 lakhs. The company’s share were listed on the BSE's SME platform on May 12, 2025. The objects of the
issue is repayment of secured loans obtained from Indusind Bank Limited & Arka Finance Limited and for
general corporate purpose.
These events do not relate to conditions existing as at the balance sheet date and hence, have not been
recognized in the financial statements for the year ended March 31. 2025. However, as they are material in
nature, they have been disclosed to ensure completeness and relevance of the financial statements.
"As per our report of even date attached" \
For Mardia & Associates Fifrlpnd on behalf of the Board of Directors of
Chartered Accountants Mgnkvj Jewellers Limited
Firm Reg Number: 007888S /Q\ VoJ ^ *
j) . , / Kumari M
ManagitW Directo\(,yl^^^y^MVhofe-time Director
v 'S DIN: 01730747 ^^=*5=^/DIN: 0960^>98
Manish Mardia * , A
Proprietor ClOl^OCb H- Cl. gH ^
M.No 205307 Mayank Girishbhai Garach Vaneeta Khanna
UD!N: 25205307BMKYGR7472 Chief Financial Officer Company Secretary
PAN: BNOPG5776M M.No: 46971
Place : Chennai Place: Chennai
Date : 02/06/2025 Date : 024)6/2025
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