Your Directors have pleasure in presenting the 15^th Annual Report on the business & operations
of the Company with the Audited Financial Statement for the year ended 31^st March, 2025
together with audited standalone financial statements and the report of the directors and the
auditors thereon.

1. FINANCIAL SUMMARY:

2. STATE OF COMPANY AFFAIRS AND FUTURE OUTLOOK

During the year under review, your Company has:

1. Earned Rs.185.25 lacs from sale of Gems and Jewellery as compared to Rs. 145.75 lacs
registering growth of 27.10%.

2. Registered EBIDTA of Rs. 451.88 lacs and PBT of Rs. 254.38 lacs as compared to Rs. 290.88
lacs & Rs. 190.83 lacs during the previous year respectively,

The financial result as reflected in the Statement of Profit & Loss of the Company is self¬
explanatory. The Company has made good progress and will continue to access the path of
success in succeeding financial years and is hopeful for the bright future prospects.

3. FINANCIAL STATEMENT:

Full version of the Annual Report 2024-25 containing complete Balance Sheet, Statement of
Profit & Loss, other statements and notes thereto, including financial statements, prepared as
per the requirements of Schedule III to the Companies Act, 2013, Directors' Report (including
Management Discussion & Analysis and Corporate Governance Certificate) is being sent via
email to all shareholders who have provided their email address(es). Physical copies of Annual
Report will be sent to those shareholders who request for the same.

Full version of Financial Report 2024-25 is also available for inspection at the registered office of
the Company during working hours up to the date of ensuing Annual general meeting (AGM). It
is also available at the Company's website (www.eightyjewels.in)

4. DIVIDEND:

Your Directors feel it prudent to plough back the profit in the interest of the growth of the
Company. Keeping in view the requirement of the funds in future, your Directors have not
recommended any dividend for the year ended 31^st March, 2025.

5. CHANGE IN THE NATURE OF BUSINESS:

There was no change in the business of the company during the year.

6. TRANSFER TO RESERVES:

Your Company has not transferred any amount to the General Reserves Account during the
Financial Year 2024-25

7. SHARE CAPITAL:

Following were the changes during the year:

AUTHORISED CAPITAL

As on March 31, 2025, the Authorised Share Capital of the Company was Rs. 11,00,00,000 (Eleven
Crores Only) divided into 1,10,00,000 (One Crore Ten Lakhs) Equity Shares of Rs. 10/- each.

ISSUED. SUBSCRIBED & PAID-UP CAPITAL

As on March 31, 2024, the total paid-up Equity Share Capital of the company was Rs.
10,19,92,410 (Ten Crore Nineteen Lakhs Ninety Two Thousand Four Hundred Ten) divided into
1,01,99,241 (One Crore One Lakh, Ninty Nine Thousand Two Hundred Forty One) equity shares of
Rs. 10/- each.

There is no change in Share Capital of the Company.

8. BOARD OF DIRECTORS MEETING:

During the year under review, 05 Board meetings were held on 22.05.2024, 06.06.2024,
31.08.2024, 14.11.2024 and 27.03.2025.

Attendance record of directors, for the year 2024-25, is as follows:

9. SEPARATE MEETING OF INDEPENDENT DIRECTOR:

A separate meeting of the Independent Directors was duly convened and held on 19.07.2024
to discuss:

a) Review & Evaluation of the performance of Non-Independent Directors and the Board
of Directors as a whole.

b) Review of the performance of the Chairperson, Executive and Non-Executive Directors
of the Company.

c) Assessment of the quality, quantity and timeliness of flow of information between the
Management and the Board.

10. DECLARATION BY INDEPENDENT DIRECTORS

The Company has received necessary Declaration from each Independent Directors of the
Company as per the provisions of Section 149(7) of the Companies Act, 2013 that they meet
the criteria of Independence laid down in section 149(6) of the Companies Act, 2013 read
with the Rule 4 of Companies (Appointment and Qualification of Directors) Rule, 2014 and
the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

11. FORMAL EVALUATION OF BOARD, ITS COMMITTEES AND INDIVIDUAL DIRECTORS

The Board has carried out annual performance evaluation of its own performance, the directors
individually as well the evaluation of the working of its Audit Committee, Nomination &
Remuneration Committee and Stakeholder Relationship Committee.

12. 1.DIRECTORS' RESPONSIBILITY STATEMENT:

Your Directors make the following statements in terms of Section 134(3)(c) of the Companies
Act, 2013 that—

a. In the preparation of the annual accounts, the applicable accounting standards had been
followed along with proper explanation relating to material departures;

b. The directors had selected such accounting policies and applied them consistently and made
judgments and estimates that are reasonable and prudent so as to give a true and fair view of
the state of affairs of the company at the end of the financial year and of the profit and loss of
the company for that period;

c. The directors had taken proper and sufficient care for the maintenance of adequate accounting
records in accordance with the provisions of this Act for safeguarding the assets of the company
and for preventing and detecting fraud and other irregularities;

d. The directors had prepared the annual accounts on a going concern basis;

e. The internal financial control laid down by the directors are adequate and operating
effectively; and

f. The directors had devised proper systems to ensure compliance with the provisions of all
applicable laws and that such systems were adequate and operating effectively.

13. AUDITORS:

A. STATUTORY AUDITOR:

Pursuant to the provisions of Sections 139, 142 and other applicable provisions, if any, of
the Companies Act, 2013 and the Companies (Audit and Auditors) Rules, 2014 (including any
statutory modification(s) or re-enactment thereof for the time being in force), the Company
has appointed M/s. Singhal and Sewak, Chartered Accountants, Raipur (C.G) (FRN: 011501C)
as the Statutory Auditor of the Company for a period of 5 Financial Year ending on 2026-27.

B. SECRETARIAL AUDITOR:

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has
appointed M/s. Anil Agrawal & Associates, Company Secretaries, Raipur (C.G) (FRN:
P2011CG076000) as the Secretarial Auditor to undertake the Secretarial Audit of the
Company for the Financial Year 2024-25.

C. INTERNAL AUDITOR:

Pursuant to the provisions of Section 138 of the Companies Act, 2013 read with Rule 13 of
the Companies (Accounts) Rules, 2014, and other applicable provisions, if any, of the
Companies Act, 2013 (including any statutory modifications or re-enactments thereof, the
Company has appointed M/s. Kala Parakh & Farishta, Chartered Accountants, Raipur (C.G)
(FRN: 010668C) as the internal Auditors of the Company for the Financial Year 2024-25.

14. AUDITORS' REPORT:

A. STATUTORY AUDITORS' REPORT:

There are no qualifications, reservations, adverse remarks or disclaimers in the statutory
Auditor's Report on the financial statements of the Company for the Financial Year 2024-25
and hence does not require any explanations or comments by the Board.

B. INTERNAL AUDIT REPORT:

The Internal Auditors' M/s. Kala Parakh & Farishta, Chartered Accountants, have issued
clean Internal Audit Report for the year ended March 31, 2025, as per the requirements of
the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015.

C. SECRETARIAL AUDITORS' REPORT:

The Secretarial Audit Report received from the Secretarial Auditors of the Company for the
Financial Year 2024-25 is annexed herewith as "ANNEXURE 01".

There are no qualifications, reservations, adverse remarks or disclaimers in the Secretarial
Auditor's Report on secretarial and other applicable legal compliances to be made by the
Company for the Financial Year 2024-25 and hence does not require any explanations or
comments by the Board.

15. REPORTING OF FRAUDS:

During the year under review, the statutory auditors, the secretarial auditors or the internal
auditors have not reported any instances of fraud committed against Company by its
officers or employees under Section 143 (12) of the Companies Act, 2013 to tne Audit
Committee or the Board of Directors.

16. SECRETARIAL STANDARDS:

The Company has followed the applicable Secretarial Standards, i.e. SS-1 and SS-2, issued by
Institute of Company Secretaries of India relating to 'Meetings of the Board of Directors' and
'General Meetings' respectively.

17. COST RECORD:

Maintenance of Cost record as specified by the Central Government under Section 148 (1) of
Companies Act, 2013, is not required by the Company.

18. PARTICULARS OF CONTRACTS OR ARRANGEMENTS WITH RELATED PARTIES:

All related party transactions that were entered into by the Company during the financial year
2024-25 were on arms length basis and were in the ordinary course of business. There are no
materially significant related party transactions made by the company with promoters,
directors, key managerial personnel or related parties which may have a potential conflict with
the interest of the company at large. The Details of material contracts or arrangement or
transactions is annexed hereunder as "ANNEXURE 02"

The Policy on Materiality of Related Party Transactions, as adopted by the Board of Directors, is
placed on the website of the Company at https://eightviewels.in/policies/.

19. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS UNDER SECTION 186:

During the year under review the Company has not:

• given any loan to any person or other body corporate;

• given any guarantee or provided security in connection with a loan to any other body
corporate or person;

• Acquired by way of subscription, purchase or otherwise, the securities of any other body
corporate.

The Company has made investments and complied with the necessary formalities under the
provisions of Section 186 of the Companies Act, 2013 during the financial year 2024-25.

20. DEPOSITS:

There were no deposits accepted or remaining with the company during the year.

21. INDUSTRIAL RELATIONS:

The Company has maintained good industrial relations on all fronts. Your directors wish to place
on record their appreciation for the honest and efficient services rendered by the employees of
the Company.

22. DIRECTORS & KEY MANAGERIAL PERSONNEL:

The Company has a professional Board with right mix of knowledge, skills and expertise with an
optimum combination of executive, non-executive and independent Directors including one
woman Director. The Board provides strategic guidance and direction to the Company in
achieving its business objectives and protecting the interest of the stakeholders.

During the year, there was no change in Board of Directors. However Company Key Managerial
Personnel Ms. Rishika Verma, Company Secretary & Compliance officer of the Company has
resigned from the position as on 27.03.2025.

Further after the financial year, Ms. Rishika Verma again appointed as Company Secretary &
Compliance Officer of the Company w.e.f 28.05.2025

Pursuant to Section 149, 152 and other applicable provisions of the Companies Act, 2013, one-
third of such of the Directors as are liable to retire by rotation, shall retire every year and, if
eligible, offer themselves for re-appointment at every AGM.

Consequently, Mrs. Ankita Bardia (DIN:09331383), Non- Executive Director of the Company will
retire by rotation at the ensuing Annual General Meeting, and being eligible, offer herself for re¬
appointment in accordance with provisions of the Companies Act.

23. COMMITTEE OF BOARD:

A. AUDIT COMMITTEE

The Board of Directors has constituted Audit Committee comprising of three directors including
two Independent Director and all having financial literacy.

The committee was constituted on 08.12.2021 with the following members:

There is no change in the members of the Committee. The Committee met 5 times during the
year 2024-25 and attendances of the members at these meetings are as follows:

The Functioning and terms of reference of the Audit Committee the role, powers and duties,
quorum for meeting and frequency of meetings, have been devised keeping in view the
requirements of Section 177 and all other applicable provisions of the Companies Act, 2013.

B.NOMINATION AND REMUNERATION COMMITTEE

The Board of Directors has constituted Nomination and Remuneration Committee comprising of
three directors including two Independent Director and one Non-executive director and all having
financial literacy.

The committee was constituted on 08.12.2021 with the following members on the committee:

There is no change in the members of the Committee. The Committee met twice during the year
2024-25 and attendance of the members at these meetings is as follows:

The Functioning and terms of reference of the Nomination and Remuneration Committee the
role, powers and duties, quorum for meeting and frequency of meetings, have been devised
keeping in view the requirements of Section 178 and all other applicable provisions of the
Companies Act, 2013.

The Nomination and Remuneration Policy, as adopted by the Board of Directors, is placed on the
website of the Company at https://eightyjewels.in/policies/

C.STAKEHOLDER RELATIONSHIP COMMITTEE

The Board of Directors has constituted Stakeholder Relationship Committee comprising of three
directors including two Independent Director and all directors having financial literacy.

The committee was constituted on 08.12.2021 with the following members on the committee:

There is no change in the members of the Committee. The Committee met 4 times during the
year 2024-25 and attendance of the members at these meetings is as follows:

The Functioning and terms of reference of the Nomination and Remuneration Committee the
role, powers and duties, quorum for meeting and frequency of meetings, have been devised
keeping in view the requirements of Section 177 and all other applicable provisions of the
Companies Act, 2013.

24. COMPANY'S POLICY ON DIRECTOR'S APPOINTMENT. NOMINATION. REMUNERATION AND
FORMAL EVALUATION:

Pursuant to provisions of Section 178 (1) of the Companies Act, 2013, the Board has, on the
recommendation of the Nomination & Remuneration Committee framed a policy for selection,
nomination, appointment and remuneration of Directors suitably containing the criteria
determining qualifications, positive attributes and independence of a Director. The policy is
attached as "ANNEXURE 03" to the report.

The policy is also uploaded on the Company's website at https://eightviewels.in/policies/.

25. MANAGERIAL REMUNERATION:

The information required pursuant to Section 197 (12) read with Rule 5 (1) of Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014 in respect of employees
of the Company is given in "ANNEXURE 04".

There are no employees in the Company drawing remuneration of more than Rs. 8,50,000/- per
month in any part of the year or Rs. 1,02,00,000/- per annum or in excess of that drawn by the
Managing Director or Whole-time Director or Manager, as prescribed in Rule 5(2) of the
Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2016.

A Statement of Particulars of Employees covered under the provisions of Rule 5(2) of Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014 is enclosed herewith as
"ANNEXURE-05".

26. MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

In terms of the Regulation 34 read with Schedule V of the SEBI (LODR) Regulations, 2015,
Management Discussion and Analysis report forms part of this Annual Report as "ANNEXURE 06".

27. CORPORATE GOVERNANCE:

As per Regulation 15 (2) of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, Para C of Schedule V relating to Corporate Governance Report, shall not apply
to company listed on SME Exchange. Hence, your Company being a company listed on BSE-SME
Platform, preparation of corporate governance report is not applicable.

28. DEMATERIALIZATION OF COMPANY'S SHARES:

Your company has provided the facility to its shareholders for dematerialization of their
shareholding by entering into an agreement with the National Securities Depository Limited
(NSDL) and Central Depository Services (India) Limited (CDSL).

The ISIN number allotted to the company is INE0KSN01014.

29. VOTING THROUGH ELECTRONIC MEANS:

Pursuant to the provisions of Section 108 of the Companies Act, 2013, read with the rules made
thereunder and Regulations 44 of the SEBI (Listing Obligations and Disclosures Requirements),
Regulations, 2015, your Company is taking necessary steps to make available the facility to its
members the facility to exercise their right to vote by electronic means.

30. SERVICES TO SHAREHOLDERS:

All matters relating to transfer/transmission of shares, issue of duplicate share certificates,
payment of dividend, de-materialization and re-materialization of shares and redressal of
investors grievances are carried out by the Company's RTA i.e. M/s. Bigshare Services Private
Limited, Mumbai.

31. WEB LINK FOR ANNUAL REPORT:

The link to address Annual Report is https://eightyjewels.in/Annualreport/

32. INTERNAL FINANCIAL CONTROL:

The Company has in place adequate internal financial controls with reference to financial
statements. During the year, such controls were tested and no reportable material weakness in
the design or operations were observed.

33. INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:

The Company has an internal control system commensurate with the size, scale and complexity of
its operations. The scope and authority of Internal Audit functions have been defined in the
Internal Audit scope of work to maintain its objectivity and independence, the Internal Audit
functions reports to the Chairman of the Audit Committee of the Board. The Internal Audit
department monitors and evaluates the efficacy and adequacy of internal control system in the
Company, its compliance with operating system, accounting procedures and policies of the
Company and its subsidiaries. Based on the report of the Internal Auditors, process owners
undertake corrective actions in their respective areas and thereby strengthen the control.
Significant Audit observations and corrective actions thereon are presented to the Audit
Committee of the Board.

34. CORPORATE SOCIAL RESPONSIBILITY:

The provisions of Section 135 of Companies Act, 2013 are not applicable to the Company.
However management is looking forward to make some corporate social projects.

35. RISK MANAGEMENT POLICY:

A well-defined risk management mechanism covering the risk mapping and trend analysis, risk
exposure, potential impact and risk mitigation process is in place. The objective of the mechanism
is to minimize the impact of risks identified and taking advance actions to mitigate it. The
mechanism works on the principles of probability of occurrence and impact, if triggered. A
detailed exercise is being carried out to identify, evaluate, monitor and manage both business and
non-business risks.

36. VIGIL MECHANISM / WHISTLE BLOWER POLICY:

The Board of Directors have established 'Whistle Blower Policy' and 'Code of Conduct' for the
directors & employees of the Company as required under the provisions of Sec. 177 of the
Companies Act, 2013 read with Rule 7 of the Companies (Meeting of Board and its powers) Rules,
2014.

The said Policy has been properly communicated to all the directors and employees of the
Company through the respective departmental heads and the new employees shall be informed
about the Whistle Blower Policy by the Personnel Department at the time of their joining.

The Whistle Blower Policy is available on the website of the Company at
https://eightyjewels.in/policies/

37. DETAILS OF APPLICATIONS MADE OR ANY PROCEEDING PENDING UNDER THE INSOLVENCY
AND BANKRUPTCY CODE 2016:

There are no applications made during the financial year 2024-25 by or against the company and
there are no proceedings pending under the Insolvency and Bankruptcy Code 2016.

38. DETAILS OF DIFFERENCES BETWEEN AMOUNT OF THE VALUATION DONE AT THE TIME OF
ONE TIME SETTLEMENT AND THE VALUATION DONE WHILE TAKING LOAN FROM THE BANKS OR
FINANCIAL INSTITUTIONS ALONG WITH THE REASONS THEREOF:

Your company has not made any one time settlement with any of its lenders.

39. SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS ORCOURTS:

There are no significant and material orders passed by the Regulators/Courts which would impact
the going concern status of the company and its future operations.

40. MATERIAL CHANGES AND COMMITMENTS AFFECTING THE FINANCIAL POSITION OF THE
COMPANY OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR TO THE DATE OF THIS
REPORT:

There have been no changes or commitments affecting the financial position of the company
have occurred between the end of the financial year to the date of this report.

41. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION.
PROHIBITION AND REDRESSAL) ACT. 2013:

To foster a positive workplace environment, free from harassment of any nature, we have
institutionalized the Anti-Sexual Harassment Initiative (ASHI) framework, through which we
address complaints of sexual harassment at the all workplaces of the Company.

Our policy assures discretion and guarantees non-retaliation to complainants. We follow a
gender-neutral approach in handling complaints of sexual harassment and we are compliant with
the law of the land where we operate. The Company has setup an Internal Complaints Committee
(ICC) for redressal of Complaints.

During the financial year 2024-25, the Company has received NIL complaints on sexual
harassment, out of which NIL complaints have been disposed off and NIL complaints remained
pending as of March 31, 2025.

The Policy on Prevention of Sexual Harassment at Workplace is available on the website of the
Company at https://eightyjewels.in/policies/

42. CHANGES IN STATUS OF SUBSIDIARY, JOINT VENTURES AND ASSOCIATE COMPANIES:

None of the companies has become Subsidiary or Associate of the Company during the Financial
Year 2024-25. Our Company has also not entered into any Joint Venture during the Financial Year
2024-25.

43. PARTICULARS OF CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN
EXCHANGE EARNING AND OUTGO:

The information on conservation of energy, technology absorption and foreign exchange earnings
and outgo stipulated under Section 134(3) (m) of the Companies Act, 2013 read with Rule 8 of
The Companies (Accounts) Rules, 2014, is annexed herewith as "ANNEXURE 07".

44. EXTRACT OF ANNUAL RETURN

The extract of the Annual Return of the company is placed on the website of the company and
link to the same is https://eightviewels.in/annual-report/

45. ACKNOWLEDGEMENTS:

The Board expresses its sincere gratitude to the shareholders, bankers, State and Central
Government authorities and the valued customers for their continued support. The Board also
wholeheartedly acknowledges and appreciates the dedicated efforts and commitment of all
employees of the Company.

FOR AND ON BEHALF OF THE BOARD OF DIRECTORS

PLACE: RAIPUR

I) \ I ! 22nd August. 2025

sd/- sd/-

(Nikesdi Hardia) (Nitin Kumar Bardia)

Chairman & Whole-Time Director &

Managing Director Chief Financial Officer

DIN: 01008682 DIN: OIF 15731