r) Provisions, contingent assets and contingent liabilities

Provisions are recognised when the Company has a present legal or constructive obligation as a result of
past events, it is probable that an outflow of resources will be required to settle the obligation and the amount
can be reliably estimated. Provisions are not recognised for future operating losses.

Provisions are measured at the present value of management's best estimate of the expenditure required to
settle the present obligation at the end of the reporting period. The discount rate used to determine the
present value is a pre tax rate that reflects current market assessments of the time value of money and the
risks specific to the liability. The increase in the provision due to the passage of time is recognised as
interest expense.

Contingent liability is disclosed for:

• Possible obligations which will be confirmed only by future events not wholly within the control of the
Company or

• Present obligations arising from past events where it is not probable that an outflow of resources will be
required to settle the obligation or a reliable estimate of the amount of the obligation cannot be made.

Contingent assets are not recognized. However, when inflow of economic benefit is probable, related asset
is disclosed.

s) Earnings per share

Basic earnings per share is calculated by dividing the net profit or loss for the period attributable to equity
shareholders (after deducting attributable taxes) by the weighted average number of equity shares outstanding
during the period. The weighted average number of equity shares outstanding during the period is adjusted
for events including a bonus issue.

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

t) Significant management judgment in applying accounting policies and estimation uncertainty

The preparation of the Company's financial statements requires management to make judgments, estimates
and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the
related disclosures.

Significant management judgments and estimates

The following are significant management judgments and estimates in applying the accounting policies of
the Company that have the most significant effect on the financial statements.

Recognition of deferred tax assets - The extent to which deferred tax assets can be recognised is based on
an assessment of the probability of the future taxable income against which the deferred tax assets can be
utilised.

Evaluation of indicators for impairment of assets - The evaluation of applicability of indicators of impairment
of assets requires assessment of several external and internal factors which could result in deterioration of
recoverable amount of the assets.

Recoverability of advances/receivables - At each balance sheet date, based on historical default rates
observed over expected life, the management assesses the expected credit loss on outstanding receivables
and advances.

Defined benefit obligation (DBO) - Management's estimate of the DBO is based on a number of critical
underlying assumptions such as standard rates of inflation, medical cost trends, mortality, discount rate and
anticipation of future salary increases. Variation in these assumptions may significantly impact the DBO
amount and the annual defined benefit expenses.

Fair value measurements - Management applies valuation techniques to determine the fair value of financial
instruments (where active market quotes are not available). This involves developing estimates and
assumptions consistent with how market participants would price the instrument. Management uses the
best information available. Estimated fair values may vary from the actual prices that would be achieved in
an arm's length transaction at the reporting date

Useful lives of depreciable/amortizable assets - Management reviews its estimate of the useful lives of
depreciable/amortizable assets at each reporting date, based on the expected utility of the assets.
Uncertainties in these estimates relate to technical and economic obsolescence.

u) Revenue recognition

The Company derives revenues primarily from sale of manufactured goods, traded goods and related services.

The core principle of Ind AS 115 is that an entity should recognise revenue to depict the transfer of promised
goods or services to customers in an amount that reflects the consideration to which the entity expects to be
entitled in exchange for those goods or services. Specifically, the standard introduces a 5-step approach to
revenue recognition:

Revenue is recognized on satisfaction of performance obligation upon transfer of control of products to
customers in an amount that reflects the consideration the Company expects to receive in exchange for
those products.

Step 1: Identify the contract(s) with a customer
Step 2: Identify the performance obligation in contract
Step 3: Determine the transaction price

Step 4: Allocate the transaction price to the performance obligations in the contract

Step 5: Recognise revenue when (or as) the entity satisfies a performance obligation

The Company evaluates the arrangement with customers, considering underlying substance and terms and
conditions of the arrangements. Revenue is accounted either on gross or net basis based on the expected
discounts to be offered to customers.

Interest Income

Interest income is recognised on an accrual basis using the effective interest method.

Dividend

Dividends are recognised at the time the right to receive the payment is established.

v) Accounting policy for Lease :

Company as a lessee :

The Company applies a single recognition and measurement approach for all leases, except for short-term
leases and leases of low value assets. The Company recognises lease liabilities to make lease payments
and right-of-use assets representing the right to use the underlying assets.

The Company recognises right-of-use asset representing its right to use the underlying asset for the lease
term at the lease commencement date. The cost of the rightof- use asset measured at inception shall
comprise of the amount of the initial measurement of the lease liability adjusted for any lease payments
made at or before the commencement date plus any initial direct costs incurred and an estimate of costs to
be incurred by the lessee in dismantling and removing the underlying asset or restoring the underlying asset
which it is located. The right-of- use assets is subsequently measured at cost less any accumulated
depreciation, accumulated impairment losses, if any and adjusted for any remeasurement of the lease liability.
The right-of-use assets is depreciated using the straight-line method from the commencement date over the
shorter of lease term or useful life of rightof- use asset. The estimated useful lives of right-of-use assets are
determined on the same basis as those of property, plant and equipment. Right-of-use assets are tested for
impairment whenever there is any indication that their carrying amounts may not be recoverable. Impairment
loss, if any, is recognised in the Statement of Profit and Loss.

Leases where the lessor effectively retains substantially all the rights and benefits of ownership of the
leased assets are classified as operating leases. At the date of commencement of lease the Company
recognizes a right-of-use asset (ROU) and a corresponding lease liability for all lease arrangements in which
it is a lease except for leases with a term of twelve months or less and low value leases. For these short term
and low value leases the Company recognizes the lease payments as an operating expense on a straight¬
line basis over the term of the lease.

The right to use assets are initially recognized at cost which comprises initial amount of the lease liability
adjusted for any lease payment made at or prior to the date of the commencement date of the lease plus any
initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated
depreciation and impairment losses.

Right-to- use assets are depreciated from the commencement date on straight line basis over lesser of the
lease period or the useful life of the asset.

Lease liability is initially measured at amortized cost at the present value of the future lease payments. The
lease payments are discounted using the interest rate implicit in the lease or, if not readily determinable
using the incremental borrowing rate for the Company.

The Company measures the lease liability at the present value of the lease payments that are not paid at the
commencement date of the lease. The lease payments are discounted using the interest rate implicit in the
leases if that rate can be readily determined.

Company as a lessor:

Leases in which the Company does not transfer substantially all the risks and rewards incidental to ownership
of an asset are classified as operating leases. Rental income arising is accounted for on a straight-line basis
over the lease terms. Initial direct costs incurred in negotiating and arranging an operating lease are added
to the carrying amount of the leased asset and recognised over the lease term on the same basis as rental
income. Contingent rents are recognised as revenue in the period in which they are earned.

w) Operating Segment

The managing committee is considered to be the ‘Chief Operating Decision Maker’ (CODM) as defined in
IND AS 108. The Operating Segment is the level at which discrete financial information is available. The
CODM allocates resources and assess performance at this level. The Company has identified the below
operating segments:

a) Jewellery Manufacturing Activity.

b) Investment Activity.

(b) Terms/ rights attached to equity shares

The company has only one class of equity shares having par value of ' 2 per share. Each holder of equity shares
is entitled to one vote per share. The company declares and pays dividends in Indian rupees. The dividend
proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General
Meeting.

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.

(c) Details of shareholders holding more than 5% shares in the Company (as per the register of members of
the Company are as under)

e) Final & Interim Dividend on Equity Shares

The Board of Directors have declared 1 st interim dividends of ' 1.00/- (i.e. 50%) per equity share of ' 2/- each on
August 09, 2024 for the Financial Year ended March 31,2025 on 106795122 equity shares.

The Board of Directors have declared 2nd interim dividends of ' 1.00/- (i.e. 50%) per equity share of ' 2/- each on
February 07, 2025 for the Financial Year ended March 31,2025 on 106795122 equity shares.

Dividends declared by the Company are based on profits available for distribution. On May 26 2025, the Board of
Directors of the Company have proposed a final dividend of ' 1 (50%) per equity share of ' 2/- each, in respect of
the year ended March 31, 2025 subject to the approval of shareholders at the Annual General Meeting, and if
approved, would result in cash outflow of approximately ' 1067.95 Lakhs

a) Capital Redemption Reserve

The Company has recognised Capital Redemption Reserve on buyback of equity shares from its retained earnings.
The amount in Capital Redemption Reserve is equal to nominal amount of the equity shares bought back.

b) Capital Reserves

Capital redemption reserve was created on forfeiture of share warrant application money. The balance will be
utilised in accordance with the provision of the Companies Act, 2013.

2/ (i) (a) as pei ii iu as 19 Employee benefits , me disclosures as denned in me Accounting otanoaio aie given below.

Defined Contribution Plan :

Contribution to Provident Fund is ' 3.81 lakhs (Previous year ' 3.22 lakhs ), EOIC and Labour Welfare Fund includes
' 1.08 lakhs (Previous year ' 4.00 lakhs).

Defined Benefit Plan :

Gratuity and Leave Encashment:

The Company makes partly annual contribution to the Employees' Group Gratuity-cum-Life Assurance Scheme of the
Life Insurance Corporation of India, a funded benefit plan for qualifying employees. The scheme provides for lump sum
payment to vested employees at retirement, death while in employment or on termination of employment of an amount
equivalent to 15 days service for each completed year of service or part thereof depending on the date of joining. The
benefit vests after five years of continuous service.

27(ii) SHARE - BASED PAYMENTS

Goldiam International Ltd Employee stock option scheme- 2024- “Goldiam-Employee stock option scheme- 2024” was
approved by the Nomination and Remmunaration Committe on 06th March 2025. The Company has granted 83,333
options to eligible employee of the company.

The fair value of the share options is estimated at the grant date using the Black- Scholes option pricing model, taking
into account the terms and conditions upon which the share options were granted. However, the above performance
condition is only considered in determining the number of instruments that will ultimately vest.

Options have been granted with vesting period that shall commence after minimum 1 year from the grant date and it
may extend upto maximum of 4 years (as mentioned in below table) on the basis of graded vesting and are exercisable
for a period of 5 years once vested.

Note 34 - Financial Instruments / Forward Contracts:
a) Forward Contracts :

The Company is exposed to foreign currency fluctuations on foreign currency assets and forecasted cash flow
denominated in foreign currency. The Company limits the effects of foreign exchange rate fluctuations by following
established risk management policies. The Company enters into forward contracts, where the counterparty is a
Bank. The forward contracts are not used for trading or speculation purposes.

Note 35 - Segment Information:

The managing committee is considered to be the ‘Chief Operating Decision Maker’ (CODM) as defined in IND AS 1(
The Operating Segment is the level at which discrete financial information is available. The CODM allocates resourc
and assess performance at this level. The Company has identified the below operating segments:

a) Jewellery Manufacturing Activity.

b) Investment Activity.

1) Revenue and expenses have been identified to a segment on the basis of relationship to operating activities
the segment. Revenue and expenses which relate to enterprise as a whole and are not allocable to a segment
reasonable basis have been disclosed as “Unallocable”.

2) Segment assets and Segment Liabilities represents assets and liabilities in respective segments. Tax relat

The carrying value of trade receivables, securities deposits, insurance claim receivable, loans given, cash and cash
equivalents and other financial assets recorded at amortised cost, is considered to be a reasonable approximation of
fair value.

The carrying value of borrowings, trade payables and other financial liabilities recorded at amortised cost is considered
to be a reasonable approximation of fair value.

ii) Risk management :

The Company’s activities expose it to market risk, liquidity risk and credit risk. This note explains the sources of
risk which the entity is exposed to and how the entity manages the risk and the related impact in the financial
statements:

A) Credit Risk

Credit risk is the risk that a customer or counterparty to a financial instrument will fail to perform or pay amounts
due to the Company causing financial loss. It arises from cash and cash equivalents, deposits with banks and
financial institutions, security deposits, loans given and principally from credit exposures to customers relating to
outstanding receivables. The Company’s maximum exposure to credit risk is limited to the carrying amount of
financial assets recognised at reporting date.

The Company continuously monitors defaults of customers and other counterparties, identified either individually
or by the Company, and incorporates this information into its credit risk controls. Where available at reasonable
cost, external credit ratings and/or reports on customers and other counterparties are obtained and used. The
Company’s policy is to deal only with creditworthy counterparties.

In respect of trade and other receivables, the Company is not exposed to any significant credit risk exposure to
any single counterparty or any company of counterparties having similar characteristics. The Company has very
limited history of customer default, and considers the credit quality of trade receivables that are not past due or
impaired to be good.

The credit risk for cash and cash equivalents, mutual funds, bank deposits, loans and derivative financial instruments
is considered negligible, since the counterparties are reputable organisations with high quality external credit
ratings.

Company provides for expected credit losses on financial assets by assessing individual financial instruments for
expectation of any credit losses. Since the assets have very low credit risk, and are for varied natures and
purpose, there is no trend that the company can draws to apply consistently to entire population. For such
financial assets, the Company’s policy is to provides for 12 month expected credit losses upon initial recognition
and provides for lifetime expected credit losses upon significant increase in credit risk. The Company does not
have any expected loss based impairment recognised on such assets considering their low credit risk nature,
though incurred loss provisions are disclosed under each sub-category of such financial assets.

Detail of trade receivables that are past due (Refer note number - 9)

B) Liquidity risk

Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability
of funding through an adequate amount of committed credit facilities to meet obligations when due. Due to the
nature of the business, the Company maintains flexibility in funding by maintaining availability under committed
facilities.

Management monitors rolling forecasts of the Company’s liquidity position and cash and cash equivalents on the
basis of expected cash flows. The Company takes into account the liquidity of the market in which the entity
operates. In addition, the Company’s liquidity management policy involves projecting cash flows in major currencies
and considering the level of liquid assets necessary to meet these, monitoring balance sheet liquidity ratios
against internal and external regulatory requirements and maintaining debt financing plans.

C) Market risk - foreign exchange

The Company is exposed to foreign exchange risk arising from foreign currency transactions, primarily with
respect to US Dollar. Foreign exchange risk arises from recognised assets and liabilities denominated in a currency
that is not the Company’s functional currency. The Company, as per its overall strategy, uses forward contracts
to mitigate its risks associated with fluctuations in foreign currency, and such contracts are not designated as
hedges under Ind AS 109. The Company does not use forward contracts and swaps for speculative purposes.

Sensitivity

The sensitivity to profit or loss from changes in the exchange rates arises mainly from financial instruments
denominated in USD. In case of a reasonably possible change in ‘/USD exchange rates of /- 3% (previous year
/- 3%) at the reporting date, keeping all other variables constant, there would have been an impact on profits of
' 892.39 Lakhs (previous year ' 870.49 Lakhs).

Sensitivity

The sensitivity to profit or loss in case of a reasonably possible change in interest rates of /- 50 basis points
keeping all other variables constant, would have resulted in an impact on profits by ' 8.61 Lakhs as borrowing
of current year is at Fixed rate (previous year ' NIL Lakhs).

ii) Assets

The Company’s financial assets are carried at amortised cost and are at fixed rate only. They are, therefore,
not subject to interest rate risk since neither the carrying amount nor the future cash flows will fluctuate
because of a change in market interest rates.

E) Price risk

Exposure from investments in mutual funds:

The Company’s exposure to price risk arises from investments in mutual funds held by the Company and classified
in the balance sheet as fair value through profit or loss. To manage its price risk arising from investments in
mutual funds, the Company diversifies its portfolio. Diversification of the portfolio is done in accordance with the
limits set by the Company.

Sensitivity

The sensitivity to profit or loss in case of an increase in price of the instrument by 5% keeping all other variables
constant would have resulted in an impact on profits by ' 6106.11 lakhs (previous year ' 3737.78 lakhs).

Exposure from trade payables:

The Company’s exposure to price risk also arises from trade payables of the Company that are at unfixed prices,
and, therefore, payment is sensitive to changes in gold prices.

The Company applies fair value hedge for the gold purchased whose price is to be fixed in future. Therefore,
there will no impact of the fluctuation in the price of the gold on the Company’s profit for the period.

Note 38 - Capital Management & Ratios

The Company’ s capital management objectives are:

(i) to ensure the Company’s ability to continue as a going concern

(ii) to provide an adequate return to shareholders

The Company monitors capital on the basis of the carrying amount of equity less cash and cash equivalents as
presented on the face of balance sheet.

Note 40 -Disclosure with respect to Stock Submitted to Bank:

The Company has taken Working Capital Loan from Banks, the requirement of submission of Stock Statement is not
stipulated in sanction letter issued by the bank.

Note 41 - Revenue from Contract with Customer

Ind AS 115 requires the estimated variable consideration to be estimated and constrained to prevent over- recognition
of revenue. Based on the recent practice and based on the verbal contract with the customers the company has
provided variable consideration in the form of Discount which is generally offered to customers which is as under

The Company has recognised ' 1272.65 lakhs in current year (' 1802.95 lakhs in previous year) towards performance
obligations for goods supplied to customers.

Note 42 - Contingent Liabilities Not Provided For

Note-1 The Municipal Corporation of Greater Mumbai (MCGM) has filed an appeal before the Hon’ble High Court of
Judicature at Bombay against the order of the Small Causes Court, which had rejected MCGM’s claim for property tax.
The outstanding property tax demand, based on the capital value assessed by the office of the Assistant Assessor and
Collector, Brihanmumbai Mahanagarpalika, amounts to ' 1,957.42 lakhs as of 31st March 2025 (Previous year:
' 292.21 lakhs). The Company has not provided for this liability in the books, as it is currently in the process of seeking
legal advice regarding the maintainability and merit of the said claim.

43 The Company has incurred ' 154.23 lakhs (previous year ' 134.62 Lakhs) towards Corporate Social Responsibility
activities. It is included in in the Statement of Profit and Loss. Further, no amount has been spent on construction
/ acquisition of an asset of the Company and the entire amount has been spent in cash.

44 One of the Subsidiary Company, namely Diagold Designs Limited has been converted from Public Limited Company
to Limited Liability Partnership firm as per the Rules and Regulations of Ministry of Corporate Affairs. The said
Company was convereted in to Limited Liability Partnership Firm on 28th March, 2025 . Since the approval was
received at the end of the financial year, the disclosures with respect to Limited Liability Partnership firm has not
been incorporated in the current financial statement.

45 (i) The Company does not have any Benami property, where any proceeding has been initiated or pending

against the Company for any Benami property.

(ii) The Company does not have any transaction with companies struck off.

(iii) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the
statutory period,

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

(v) The Company has not been declared wilful defaulter by any bank or financial institution or government or
any government authority.

(vi) 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.

(vii) 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

I 11 f i KVA f DAnATimoi’iAr'

(viii) The Company does not have any transaction which is not recorded in the books of accounts that has been
surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961
(such as, search or survey or any other relevant provisions of the Income Tax Act, 1961

46 All assets and liabilities have been classified as current or non-current as per the Company’s normal operating
cycle and other criteria set out in the Schedule III to the Companies Act, 2013. Based on the nature of products
and the time between the acquisition of assets for processing and their realisation in cash and cash equivalents,
the Company has ascertained its operating cycle as 12 months for the purpose of current - non current classification
of assets and liabilities.

47 The previous year’s figures have been regrouped and rearranged wherever necessary to make in compliance
with the current financial year.

The accompanying notes are an integral part of these standalone financial statements.

As per our attached report of even date. For and on behalf of the Board Directors of Goldiam Internationa! Limited

For Pulindra Patel & Co. Anmol R. Bhansali Rashesh M. Bhansali

Chartered Accountants Director Executive Chairman

ICAI Firm Registration No. 115187W DIN-07931599 DIN-00057931

Pulindra Patel Pankaj Parkhiya Darshana Faldu

Mem No. : 048991 Company Secretary Chief Financial Officer

Place : Mumbai

Date : May 26, 2025