Terms / Right Attached to Equity Shares

The Company has only one class of equity shares having a face value of INR 10 each. Each holder of an equity share is entitled to one vote per share. The Company declares and pays dividends in Indian rupees, if any. The dividend proposed by the board of directors, if any is subject to the approval of the shareholders in the ensuing annual general meeting.

In the event of liquidation of the company, the holder of equity shares will be entitled to receive any of the remaining assets of the company, after distribution of all preferential amounts. However, no such preferential amounts exist currently. The distribution will be in the number of equity shares held by the shareholders at the time of liquidation

The Company is exposed primarily to credit, liquidity, and fluctuations in foreign currency exchange rates and interest rate risks, which may adversely impact the fair value of its financial instruments. The Company has a risk management policy which covers risks associated with the financial assets and liabilities. The risk management policy is approved by the Board of Directors. The focus of the risk management committee is to assess the unpredictability of the financial environment and to mitigate potential adverse effects on the financial performance of the Company.

(A) Market risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Such changes in the values of financial instruments may result from changes in the foreign currency exchange rates, interest rates, credit, liquidity and other market changes.

(i) Foreign currency risk

The company is not significantly exposed to the fluctuation in foreign currency exchange rate. The company export goods outside India for which bills are issued in US $ and payment of the same will be received on letter date. The company carries the risk of fluctuation in foreign currency exchange rate on export transaction.

(ii) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of change in market interest rates. The management is responsible for the monitoring of the Company' interest rate position. Various variables are considered by the management in structuring the Company's borrowings to achieve a reasonable and competitive cost of funding.

(B) Credit risk

Credit risk is the risk of financial loss arising from counter party failure to repay or service debt according to the contractual terms or obligations. Credit risk encompasses of both, the direct risk of default and the risk of deterioration of creditworthiness as well as concentration of risks. Credit risk is controlled by analyzing credit limits and creditworthiness of customers on a continuous basis to whom the credit has been granted after obtaining necessary approvals for credit.

Financial instruments that are subject to concentrations of credit risk principally consist of trade receivables, investments, cash and cash equivalents and other financial assets. None of the other financial instruments of the Company result in material concentration of credit risk.

(C) Liquidity risk

Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time or at reasonable price. Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding through an adequate amount of credit facilities to meet obligations when due. The Company’s finance team is responsible for liquidity, funding as well as settlement management. In addition, processes and policies related to such risks are overseen by senior management. Management monitors the Company’s liquidity position through rolling forecasts on the basis of expected cash flows.

The tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Company can be required to pay. In the table below, borrowings include both interest and principal cash flows.

35. RELATED PARTY TRANSACTIONS

(i) List of related parties as per the requirements of Ind-AS 24 - Related Party Disclosures |Name of Related Party

a) Details of Related Parties -Subsidiary Company

Swamsarita Trading Pvt. Ltd.

-Key Managerial Personnel

Mahendra M Chordia, Sunny Chordia, Sanket Dangi, Rajul Chordia, Deepak Suthar, Dhruvin Bharat Shah, Umang Mitul Mehta and Deep Shailesh Lakhani

-Relative of Key Managerial Personnel

Seema R Chordia, Rajendra Chordia, Nishita Chordia and Asha Chordia

-Enterprises owned or significantly influenced by KMP

M/s Swarnsarita Jewellers

b) Compensation of key management personnel of the Company

Key management personnel are those individuals who have the authority and responsibility for planning and exercising power to directly or indirectly control the activities of the Company and its employees. The Company includes the members of the Board of Directors which include independent directors (and its sub-committees) and Executive Committee to be key management personnel for the purposes of Ind AS 24 Related Party Disclosures.

c) Transactions with key management personnel of the Company

The Company enters into transactions, arrangements and agreements involving directors, senior management and their business associates, or close family members, in the ordinary course of business under the same commercial and market terms, interest and commission rates that apply to non-related parties.

(vii) Terms and conditions of transactions with related parties

The sales to and purchases from related parties are made on terms equivalent to those that prevail in arm's length transactions. Outstanding balances at the year end are unsecured and interest free and settlement occurs in cash. There have been no guarantees provided or received for any related party receivables and payables. For the year ended March 31, 2025, the group has not recorded any impairment of receivables relating to amount owed by related parties. This assessment is undertaken each financial year through examining the financial position of the related party and market in which the related party operates.

36. SEGMENT REPORTING

The company is engaged in the business of Gold and diamond jewellery. The company has only one reporting business segment, which is Gold and diamnond jewellerybusiness and only one reportable geographical segment. The company is also engaged in investment of shares and securities but it is not a business acivity. Accordingly, these financial statements are reflective of the information required as per Ind AS 108 "Operating Segments” notified under section 133 of the Companies Act, 2013, there are no reportable segment applicable to the company.

Details of the Case of Income tax

Liabilities in respect of Income tax matters for which the Company has gone in further appeal for AY 12-13 & AY 17-18 and exclusive of the effect of similar matter in respect of pending assessments.

Details of the Case of WBVAT

Sales tax matter in respect of which company filed appeal under section 84 for AY 2018-19

The Company is contesting the demands and the management, including its tax advisors, believe that its position will likely be upheld in the appellate process. No tax expenses has been accrued in the financial statements for the tax demand raised. The management believes that the ultimate outcome of this proceeding will not have a material adverse effect on the company's financial position and results of operations.

38 Contribution on CSR Activities

The Company contributes 2% of the Net surplus after tax to Corporate Social Responsibility (CSR) activities as per provisions of the Companies Act, 2013. The amount spent on Corporate Social Responsibility (CSR) activities are based on the approvals received from the Corporate Social Responsibility (CSR) Committee.

Gross amount required to be spent by the company during the year is ?16.30 Lakhs (2023-2024: 17.30 Lakhs)

For the purpose of the company's capital management, capital includes issued equity capital 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 in light 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 shareholders, return capital to shareholders 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 includes within debt, interest bearing loans and borrowings, trade and other payables, less cash and cash equivalents and other bank balances.

In order to achieve this overall objective, the Company’s capital management, amongst other things, aims to ensure that it meets financial covenants attached to the borrowings that define capital structure requirements.

40. Other Statutory Information :

a) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

b) 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

c) The Company does not have any benami property, where any proceeding has been initiated or pending against the Company for holding any benami property

d) The Company has not been declared wilful defaulter by bank or financials institution or lender during the year.

e) Utilisation of Borrowed funds and share premium:

i) No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person or entity, including foreign entities (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, whether, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

ii) No funds have been received by the Company from any person or entity, including foreign entities (‘Funding Parties’), with the understanding, whether recorded in writing or otherwise, that the Company shall, whether, 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 provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

f) End use of Borrowed Funds

i) The Company has used the borrowings from banks or other financial institution for the specific purpose for which it was taken at the balance sheet date.

ii) The Company has taken borrowings from banks or other financial institution on the basis of security of Current assets during the current financial year or previous financial year.

iii) The Company has taken secured borrowings during the current financial year or previous financial year and the Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

g) No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

I. Lease Liability

In the currerrt year, the company has recognized Interest on Lease Liability and Amortization of Right to Use Asset as per Ind AS 116 "Lease’ in the profit and loss statement as under: i.Ghterest on lease liability of Rs. 0.75 Lakhs

II. Amortization cf Right to use Asset of Rs. 5.44 Lakhs

iii. UOtal Outstanding Cash Outflow for Lease as per the agreement is Rs 7.50 Lakhs

iv. llhe Carrying amount of Right to use Asset as on 31st March, 2025 is Rs. 6.35 Lakhs

2. Employees benefits

i. Defined contribution plans

The employee benefits payable after twelve months or more of rendering the service are classified as long-term employee benefits. A defined contribution plan is a post-employment benefit plan under which the Company pays specified contribution to a government administered scheme and has no obligation to pay any further amounts. The Company makes specified monthly contributions towards provident fund and employee state insurance, which are defined contribution plans, at the prescribed rates. The Company's contribution is recognized as an expense in the Statement of profit and loss during the period in which the employee renders the related service.

ii. Defined Benefit Plans Gratuity

The Company's liabilities under the Payment of Gratuity Act are determined on the basis of actuarial valuation carried out by an independent actuary, made at the end of each financial year using the projected unit credit method. Obligation is measured at the present value of estimated future cash flows using a discounted rate that is determined by reference to market yields at the Balance Sheet date on Government bonds, where the terms of the Government bonds are consistent with the estimated terms of the defined benefit obligation. These benefits are settled at the time of cessation of service by the employee due to retirement etc.

3. Previous years Figures are regrouped and restated wherever required.