4.10 Provisions

Provisions are recognized when the Company has 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 a reliable
estimate can be made of the amount of the obligation. When the Company expects some or all of a provision to be reimbursed, for
example, under an insurance contract, the reimbursement is recognized as a separate asset, but only when the reimbursement is
virtually certain. The expense relating to a provision is presented in the statement of profit and loss net of any reimbursement.

If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, when
appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is
recognized as a finance cost.

4.11 Financial instruments

Financial assets

Financial assets are recognised when the Company becomes a party to the contractual provisions of the instrument.

On initial recognition, a financial asset is recognised at fair value, in case of Financial assets which are recognised at fair value
through profit and loss (FVTPL), its transaction cost are recognised in the statement of profit and loss. In other cases, the
transaction cost are attributed to the acquisition value of the financial asset.

Financial assets are subsequently classified and measured at amortised cost: Financial assets that are held within a business
model whose objective is to hold financial assets in order to collect contractual cash flows that are solely payments of principal and
interest, are subsequently measured at amortised cost using the effective interest rate ('EIR') method less impairment, if any. The
amortisation of EIR and loss arising from impairment, if any is recognised in the Statement of Profit and Loss.

fair value through profit and loss (FVTPL): A financial asset not classified as either amortised cost or FVOCI, is classified as FVTPL.
Such financial assets are measured at fair value with all changes in fair value, including interest income and dividend income if
any, recognised as 'other income' in the Statement of Profit and Loss.

fair value through other comprehensive income (FVOCI): Financial assets that are held within a business model whose objective is
achieved by both, selling financial assets and collecting contractual cash flows that are solely payments of principal and interest, are
subsequently measured at fair value through other comprehensive income. Fair value movements are recognized in the other
comprehensive income (OCI). Interest income measured using the EIR method and impairment losses, if any are recognised in the
Statement of Profit and Loss. On derecognition, cumulative gain or loss previously recognised in OCI is reclassified from the equity
to 'other income' in the Statement of Profit and Loss.

Financial assets are not reclassified subsequent to their recognition, except if and in the period the Company changes its business
model for managing financial assets.

Loans:

Loans are initially recognised at fair value. Subsequently, these assets are held at amortised cost, using the effective interest rate
(EIR) method net of any expected credit losses. The EIR is the rate that discounts estimated future cash income through the
expected life of financial instrument.

Derecognition

The Company derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it
transfers the contractual rights to receive the cash flows from the asset.

Impairment of Financial Asset

Expected credit losses are recognized for all financial assets subsequent to initial recognition other than financials assets in FVTPL
category.

For financial assets other than trade receivables, as per Ind AS 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 Companys 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 recognised when the Company becomes a party to the contractual provisions of the instrument. Financial
liabilities are initially measured at the amortised cost unless at initial recognition, they are classified as fair value through profit
and loss. In case of trade payables, they are initially recognised at fair value and subsequently, these liabilities are held at amortised
cost, using the effective interest method.

Subsequent measurement

Financial liabilities are subsequently measured at amortised cost using the EIR method. Financial liabilities carried at fair value
through profit or loss are measured at fair value with all changes in fair value recognised in the Statement of Profit and Loss.
Derecognition

A financial liability is derecognised when the obligation specified in the contract is discharged, cancelled or expires.

4.12 Cash and cash equivalents

Cash and cash equivalent in the balance sheet comprise cash at banks and on hand and short-term deposits which are subject to
an insignificant risk of changes in value.

For the purpose of the statement of cash flows, cash and cash equivalents consist of cash and short-term deposits, as defined
above, as they are considered an integral part of the Company's cash management.

4.13 Earnings per share

Basic earnings per share is computed by dividing the net profit for the period attributable to the equity shareholders of the Company
by the weighted average number of equity shares outstanding during the period. The weighted average number of equity shares
outstanding during the period and for all periods presented is adjusted for events, such as bonus shares, other than the conversion
of potential equity shares that have changed the number of equity shares outstanding, without a corresponding change in
resources.

For the purpose of calculating diluted earnings per share, the net profit for the period attributable to equity shareholders and the
weighted average number of shares outstanding during the period is adjusted for the effects of all dilutive potential equity shares.

4.14 Regarding non-ascertainment as well as non-provision of retirement benefits such as gratuity and leave encashment as
required by Indian accounting standard (ind AS 19) issued by the Institute of Chartered Accountants of India

4.15 Regarding non-ascertainment of impaired assets as required by Indian accounting standard (Ind AS 36) issued by the
Institute of Chartered Accountants of India

The risk management policies of the Company are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls, and to monitor
risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company’s activities.

The Management has overall responsibility for the establishment and oversight of the Company’s risk management framework.

In performing its operating, investing and financing activities, the Company is exposed to the Credit risk, Liquidity risk and Market risk.

Carrying amount of financial assets and liabilities:

For the purpose of the Company's capital management,capital includes issued equity capital, convertible preference shares, share premium and all other equity reserves
attributable to the equity holders of the parent. The primary objective of the Company's capital management is to maximise the shareholder value.

The Company manages its capital structure and makes adjustments inlight of changes in economic conditions and the requirements of the financial covenants. To maintain
or adjust the capital structure, the Company may adjust the dividend payment to share holders, return capital to share holders or issue new shares. The Company monitors
capital using a gearing ratio, which is net debt divided by total capital plus net debt. The Company's policy is to keep optimum gearing ratio.The Company includes with in net
debt, interest bearing loans and borrowings, trade and other payables, less cash and cash equivalents, excluding discontinued operations.

(35. A) Related party relationships and transactions

Ind AS 24 defines a related party as a person or entity that is related to the reporting entity and it includes (a) a person or a close member of that person's family if that
person: (i) has control or joint control over the reporting entity; (ii) has significant influence over the reporting entity; or (iii) is a member of the key management personnel of
the reporting entity or of a parent of the reporting entity. (b) An entity is related to the reporting entity if any of the following conditions apply; (i) The entity and the reporting
entity are members of the same group. (ii) One entity is an associate or joint venture of the other entity.(iii) Both entities are joint ventures of the same third party. (iv) One
entity is a joint venture of a third entity and the other entity is an associate of the third entity. (v) The entity is a post-employment benefit plan for the benefit of employees of
either the reporting entity or an entity related to the reporting entity. If the reporting entity is itself such a plan, the sponsoring employers are also related to the reporting
entity.(vi) The entity is controlled or jointly controlled by a person identified in (a).(vii) A person identified in (a) (i) has significant influence over the entity or is a member of
the key management personnel of the entity (or of a parent of the entity).

The accompanying notes are an integral part of financial statements
As per our report of even date attached

^FOR °M Prakash ^S. ^Cha^p|ot & ^Co. For and on behalf of the Board of Directors of

bartered ^Accountants KACHCHH MINERALS LIMITED

FRN 000127C

MEENU CHAPLOT Devising Hathal Daksh Trivedi

Partner Director Director

M NO 404443 DIN: 09046307 DIN: 05232654

UDIN : 24404443BKCAS N3038

Date : 29.05.2024 Date : 29.05.2024 Date : 29.05.2024

Place: Mumbai Place: Jamnagar Place: Jamnagar