Q. Provision and Contingent Liabilities:

Provisions involving substantial degree of estimation in measurement, are recognized
when the present obligation of or past events gives rise to a probable outflow embodying
economic benefits on settlement and the amount of obligation can be reliably estimated.
A contingent liability is a possible obligation that arises from past events whose
existence will be confirmed by the occurrence or non-occurrence of one or more
uncertain future events beyond the control of the company or a present obligation that is
not recognized because it is not probable that an outflow of resources will be required to
settle the obligation. Contingent liability also arises in extremely rare cases where there
is a liability that cannot be recognized because it cannot be measured reliably. The
contingent liability to be reported for the year have been reported in accordance with the
requirement, if any. Contingent Assets are neither recognised nor disclosed in the
Financial Statements. Provisions and Contingent Liabilities are reviewed at each Balance
Sheet date and adjusted to reflect the current best estimates.

R. Segment Reporting:

(a) Business Segments:

Based on the guiding principles given in Accounting Standard 17 (AS - 17) on Segment
Reporting issued by ICAI, the Company has only one reportable Business Segment,
which is Manufacturing of Saree. Accordingly, the figures appearing in these financial
statements relate to the Company's single Business Segment.

(b) Geographical Segments:

The Company activities / operations are confined to India and as such there is only one
geographical segment. Accordingly, the figures appearing in these financial statements
relate to the Company's single geographical segment.

S. Prior Period Items:

Prior Period and Extraordinary items and Changes in Accounting Policies having
material impact on the financial affairs of the Company are disclosed in financial
statements.

T. Events Occurring after Balance Sheet dates:

No significant events which could affect the financial position as on 31.03.2025 to a
material extent have been reported by the Assessee, after the balance sheet date till the
signing of report.

31.EARNING PER SHARE:

Earnings per Share is calculated by dividing the Profit after Tax, attributable to the Equity
Shareholders by the weighted average number of Equity Shares Outstanding during the
year as below:

Note: The Board of Directors of the Company has approved the issue of 1,38,34,059 Bonus
Equity Shares to its existing shareholders in the ratio of 424:100 (i.e. 424 new Bonus Equity
Share of face value of Rs. 10/- each on existing 100 Equity Share of face value of Rs. 10/- each)
in its meeting held on September 28, 2024 and the same was approved by the Shareholders of
the Company on September 28, 2024. Accordingly, 1,38,34,059 Bonus Equity Shares were issued
and allotted on October 16, 2024 and hence, Basic & Diluted Earnings Per Share has been
adjusted against for the current and previous periods and presented in accordance with AS 20,
"Earnings Per Share".

32.DEFERRED TAXATION:

In view of Accounting Standards 22 "Accounting for Taxes on Income" [Companies
accounting Standard rules 2006 as amended notified under sec 211(3c)]. Deferred Tax
Liability for the year amounting to Rs. 8.27 Lakhs/- (P.Y. Rs. 1.23 Lakhs/-) has been
recognized in the Profit & Loss Account.

(b) Earnings & Expenditure in Foreign Currency:

Earnings in Foreign Currency - NIL (P.Y. NIL)

Expenditure in Foreign Currency - NIL (P.Y. NIL)

34. Contingent Liability

The provision for Contingent Liability not provided for amounts to Rs. 405.19 Lakhs
relating to an appeal filed with the Joint Commissioner of Income Tax (Appeals).

35. Corporate Social Responsibility

As per Section 135 of the Companies Act, 2013, a company, meeting the applicability
threshold, needs to spend at least 2% of its average net profit for the immediately
preceding three financial years on corporate social responsibility (CSR) activities. The
areas for CSR activities are eradication of hunger and malnutrition, promoting education,
art and culture, healthcare, destitute care and rehabilitation, environment sustainability,
disaster relief, and rural development projects. A CSR committee has been formed by the
company as per the Act. The funds were primarily utilized through the year on these
activities which are specified in Schedule VII of the Companies Act, 2013.

36. Deferred IPO Expenses:

The Company has incurred an amount of ?30.63 lakhs as Deferred IPO Expenses, which
is disclosed under Other Current Assets in the Balance Sheet.

These expenses pertain to the proposed Initial Public Offering (IPO) of the Company and
include, but are not limited to:

• Advances paid to Merchant Bankers and other intermediaries

• Auditor's fees specifically related to IPO certification and reporting

• Legal and professional charges

• Filing fees and other regulatory costs

In accordance with applicable accounting standards and provisions of the Companies
Act, 2013 (including Section 52(2)(c)), these expenses are considered capital in nature and
will be adjusted against the Securities Premium Account upon successful completion of
the IPO.

No portion of these expenses has been routed through the Profit and Loss account during
the year.

37. Trade Payables and payable for purchase of property, plant and equipments include the
following dues to micro and small enterprises covered under "The Micro, Small and
Medium Enterprises Development Act, 2006" (MSMED) to the extent such parties have
been identified from the available information.

38. Other Regulatory Information:

(i) The company does not have any proceedings initiated or are pending against the
company for holding any benami property under the Benami Transactions (Prohibition)
Act, 1988 (45 of 1988) and rules made thereunder.

(ii) The Company has not traded or invested in Crypto currency during the financial period.

(iii) The company has neither been declared as a wilful defaulter nor has received any show
cause notice from any bank or financial institution or government or any government
authority.

(iv) The Company does not own any immovable property whose title deeds are not
registered in the name of the Company.

(v) The Company does not have transactions with any struck off company during the

period.

(vi) The Company has not filed any Scheme of Arrangements in terms of sections 230 to 237
of the Companies Act, 2013 with any Competent Authority.

(vii) The Company does not have any such transaction which is not recorded in the books
of accounts that has been surrendered or disclosed as income during the year ended
March 31, 2025 and March 31, 2024 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).

(viii) Utilisation of Borrowed Fund & Share Premium

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.

The Company has not advanced 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.

(ix) No satisfaction or charge is pending for registration with registrar of companies.

(x) The Company has not revalued any of its Property Plant and Equipment during the
year and not hold any intangible asset.

(xi) The Company is filing monthly returns with the Financial Institutions and the same are
in agreement with the Books of Accounts.

(xii) The Company has complied with the number of layers for it's holding in downstream
companies prescribed under clause (87) of Section (2) of The Companies Act, 2013 read
with Companies (Restriction on number of Layers) Rules, 2017

39. Figures are rounded off to the nearest Rupee in Lakhs, unless otherwise stated.

40. Previous Year's/Period figure has been regrouped / rearranged wherever necessary.

For J B S & Company ^FOR & ^ON behalf of the board of directors

FRN NO: 323734E
Chartered Accountants

PRABHU LOHIA GYANESH LOHIA NARAIN PRASAD LOHIA

CA Sudhanshu Sen

jyj No* 306354 Managing Director Chief Financial Officer Director

Din no. Din no. Din no.

Partner 02621416 02621425 00452515

Place: Ko lkata

Date:

SWETA AGARWAL
Company Secretary