Note : - Authorised share capital increased from 20 Lakhs to 600 Lakhs with effective from 25/08/2023 and the company has also issued 3300000 Bonus Shares to the shareholders on 08/09/2023

2.2) Terms/Rights attached to equity shares:

The company has only one class of equity shares having par value of ' 10/- per share. Each holder of equity shares is entitled to one vote per share. 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.

During the period starting from May 2023, the company has shift in a range of business activities, transitioning from trading to grading, manufacturing, and upgrading of its existing stock. The company maintains an inventory of items for trading purposes, including gold old ornaments, gold bars, raw diamonds, precious stones, and precious metals. These materials are consumed in the production process to upgraded finished goods stock.

The company previously conducted its operations within the same line of stock in trading. However, it has since made a strategic decision to convert the respective stock for internal consumption.

26) i) Contingent liability in respect of capital contracts remaining to be executed Nil (PY Nil)

ii) Other Contingent liabilities- ' Nil (PY Nil)

iii) Company did not have provided any corporate guarantee.

27) Debit and Credit balances are subject to confirmation.

28) In the opinion of the Board of Directors, the current assets have value on realization in ordinary course of business at least equal to the amount at which they are stated except as otherwise stated.

30) Micro, Small and Medium Enterprises Development Act, 2006:-

The Company is in the process of compiling information from its suppliers regarding their status under the above act and hence disclosure, if any, of the amount unpaid as at the period end together with the interest paid/payable as required has been to the extent of information available:-

31) Disclosure regarding loans given, investments made and guarantee given pursuant to section 186(4) of the Companies Act, 2013:

a) Loan Given: Nil

b) Investment Made: Nil

c) Guarantee Given: Nil

32) Segment Reporting

The Company does not have more than one business segment and hence segment reporting is not applicable.

35) Previous year's figures have been regrouped / reclassified wherever necessary to correspond with current year's classification.

36) The company has not incurred any Financial Lease obligation during the current financial year.

37) Additional regulatory information required by Schedule III of Companies Act, 2013:

a) Details of Benami property: No proceedings have been initiated or are pending against the Company for holding any Benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.

b) Utilisation of borrowed funds and share premium: The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

a. 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

b. provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries

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:

a. 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

b. provide any guarantee, security or the like on behalf of the ultimate beneficiaries

c) Compliance with number of layers of companies: The Company has complied with the number of layers prescribed under the Companies Act, 2013.

d) Compliance with approved scheme(s) of arrangements: The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial year.

e) The Company has not been declared as a willful defaulter by any bank or financial institution or government or any government authority.

f) Struck off Companies: Details of relationship with Companies struck off under Section 248 of Companies Act, 2013 or Section 560 of the Companies Act, 1956

g) Undisclosed income: There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under the Income Tax Act, 1961, that has not been recorded in the books of account.

h) Details of crypto currency or virtual currency: The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.

i) The figures have been rounded off to the nearest lacs of rupees upto two decimal places. The figure 0.00 wherever stated represents value less than ' 1000/-.