s. AS - 29 Provisions and Contingent Liabilities and Contingent Assets

A Provision should be recognised when an enterprise has a present obligation as a result of a past event or it is probable that an outflow of resources embodying economic
benefits will be required to settle the obligation; and a reliable estimate can be made of the amount of the obligation.

^t* Operating Cycle

Based on the nature of products/activities of the company and the normal time between acquisition of assets and their realisation in cash or cash equivalent, the company
has determined its operating cycle as 2 months for the purpose of classification of its assets and liablities as current and non-current.

b. Terms and rights attached to

(i) The company has only one class of equity shares, par value being 10 per share. Each holder of equity shares is entitled to one vote per share.

(ii) 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 amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

(iii) The company has no holding/ultimate holding company and/or their subsidiaries/associates.

(iv) On 29th June, 2024 1,86,20,160 No. of Equity shares of Face Value of Rs. 10 has been issued as Bonus Shares, by captalising Profit and Loss
Account. Eighty Shares has been issued to shareholder for every one share.The company has not bought back any number of shares during the
period of Five years immediately preceding the reporting date.

(v) The Company has not declared the dividend during the year and in the previous year. Details of shareholders holding more than 5% shares
in the company

Defined contribution plans:

^(a) For the year ended March 31st,2025

The company makes provident fund and employee state insurance scheme contributions which are defined contribution plans, for qualifying employees. Under the schemes, the
company is required to contribute a specified percentage of the payroll costs to fund the benefits. The company recognised Rs. 19.54 lakhs ( March 31, 2024 Rs. 15.54 lakhs ) for
provident fund contributions and employee state insurance scheme contributions in the statement of profit and loss. The contributions payable to these plans by the company are at
rates specified in the rules of the schemes.

For the year ended March 31st,2024

The company makes provident fund and employee state insurance scheme contributions which are defined contribution plans, for qualifying employees. Under the schemes, the
company is required to contribute a specified percentage of the payroll costs to fund the benefits. The company recognised Rs. 15.54 lakhs ( March 31, 2023 Rs. 11.04 lakhs ) for
provident fund contributions and employee state insurance scheme contributions in the statement of profit and loss. The contributions payable to these plans by the company are at
rates specified in the rules of the schemes.

(b) Defined benefit plans:

The Company has a defined benefit gratuity plan. Every employee who has completed five years or more of service gets a gratuity on departure at 15 days salary (last drawn salary) for
each completed year of service. The scheme of gratuity is funded. The following tables summarize the components of net benefit expense recognized in the statement of profit and loss
and the funded status and amounts recognized in the balance sheet for the respective plan.

a) The company has not advanced or loaned or invested any funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(ies),
including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall

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

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

^b) 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

(i) 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

(ii) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

56 The Company has neither Traded nor Invested in Crypto or Foreign Currency during the year ended March 31,2025.

57 The company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017

⁵⁸ Balances of Trade Receivables, Trade Payables, Loans & Advances and other Advances are subject to confirmation.

59 The Company is having single reporting segment hence disclosure as require by the Accounting Standard 17 is not applicable.

60 In the opinion of the Board of Directors, the value of realisation of current assets, advances and deposits in the ordinary course of Business would not be less than the amount at which they

are stated in the financial statement.

61 In the opinion of Board of Directors, provision for all known liabilities have been made in the accounts and there does not exist any other liabilities, contingent or otherwise except
whatever have been accounted for or stated in the Balance Sheet.

62 Revenue from Operation and Purchase are shown net of branch transfers for year ended March 31,2025 and March 31st 2024.

63 Company has not declared any Dividend during the year ending March 31,2025 .

64 The company has not revalued its Property, Plant and Equipment during the year ending March 31,2025 .

For and on behalf of Board of

As per our Report of even date. ^{Pushpa Jewellers} U^mited

^{For Agrawal Uma Shankar} & ^C°. (Formerly known as Pushpa Jewellers Private Limited)

(Chartered Accountants)

Firm Reg. No.: 326700E

CA Uma Shankar Agrawal
(Partner)

Membership No. : 066497 Madhur Tibrewal Mridul Tibrewal Anupam Tibrewal Smita Mondal

UDIN_- 25066497BMHFZF3573 WTD & CFO WTD & CEO Managing Director Company Secretary

Place : Kolkata DIN - 02269488 DIN - 03311402 DIN - 02269542 ACS No. 44279

Date : 21.05.2025