అకౌంట్స్ గమనికలుJayatma Enterprises Ltd.

Mar 31, 2025

Note 13.1 : Equity share capital

During the period of five financial years immediately preceding the Balance Sheet date,

(i) The Company has not allotted any fully paidup equity shares by way of bonus shares;

(ii) The Company has not allotted any equity shares pursuant to any contract without payment being received in cash;

(iii) The company has not bought back any equity shares

Note 13.5 : Right, Preferences and Restrictions :

- The Company has issued only one class of shares referred to as equity shares having a par value of Rs.10/-. Each holder of equity share is entitled to one vote per share.

- In the event of liquidation, the Equity Share holders are eligible to receive the remaining Assets of the Company after distribution of all preferential amount, in proportion to their share holding.

- Company has not alloted any bonus shares, shares without consideration in cash and/or bought back any equity shares during the period of last five years.

Securities Premium

Securities premium reserve is created due to premium on issue of shares. These reserve is utilised in accordance with the provisions of the Companies, Act, 2013

General Reserve

General Reserve is a free reserve created by the Company by transfer from Retained earnings for appropriation purposes.

Other Reserves

Other reserve is includes state subsidy

Retained Earnings (Includes Other Comprehensive Income)

The retained earnings reflect the profit of the Company earned till date net of appropriations. The amount that can be distributed by the Company as dividends to its equity shareholders is determined based on the balance in this reserve, after considering the requirements of the Companies Act, 2013

Note 29 : Contingent Liabilities and Commitments
Particular	As At March 31, 2025	As At March 31, 2024
A. Contingent Liabilities not provided for in respect of
(i) Claim against the company not acknowledged as debt
- Income Tax (Refer note (i) below)	0	0
- Custom Duty	0	0
- Service Tax/ GST	0	0
- Employee	0	0
(ii) Custom Duty (Import under Advance Licenses Export Obligation Pending)	0	0
Total	0	0

B Capital Commitments

Estimated amount of contract remaining to the executed on capital accounts : NIL Note : 30 Disclosure of Employee Benefit Expenses

During the year under audit the company has charged Rs. 13.68 lakhs (PY: Rs. 12.10 lakhs) lakhs in profit and loss account considering as short-term employee benefit expense. Further according to the management of the company, the company had not entered into formal plans or formal agreement between company and individual employee, group of employees or their representative other than those provided in short term employee benefit expense. Further in the opinion of the company is not under legislative requirement or through industry arrangements whereby the company is required to contribute to statutory plans. Further in the view of the company, there are no informal practices that give rise to constructive obligations other than those provided in short term employee benefit expenses

Note : 31 Segment Reporting

a. Segment Information

Operating segments are reported in a manner consistent with the internal reporting to the chief operating decision maker (CODM). The Managing Director of the Company being the CODM, assesses the financial performance and position of the Company and makes strategic decisions. The CODM primarily uses earnings before interest, tax, depreciation and amortization (EBITDA) as performance measure to assess the performance of the operating segments.

b. Description of Segment

The company is engaged in single business segment i.e. warehousing rental services income.

d. Extent of reliance on major customer

The Revenues earned by the company from its business activities are from major customer for the year ended 31^st March 2025 is Rs. 62.96 Lacs. The corresponding figures for the year ended 31^st March 2024 is Rs. 54.75 Lacs.

Note 33: Capital Management

he Company manages its capital to ensure that entities in the Company will be able to continue as going oncerns while maximizing the return to stakeholders through the optimization of the debt and equity alance. The capital structure of the Company consists of net debt (borrowings offset by cash and bank alances) and total equity of the Company.

Note : 34 Disclosure of Financial Instruments A. Financial Instrument by Category

This section gives an overview of the significance of financial instruments for the Company and provides additional information on balance sheet items that contain financial instruments. The details

of significant accounting policies, including the criteria for recognition, the basis of measurement and the basis on which income and expenses are recognised in respect of each class of financial asset, financial liability and equity instrument are disclosed in Note-4.1 to the financial statements.

(i) . Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or liabilities;

(ii) . Level 2 — Inputs other than quoted prices included within Level 1, that are observable for the

asset or liability, either directly or indirectly; and

(iii) . Level 3 - Inputs which are unobservable inputs for the assets or liability.

Note 35 : Financial Risk Management

The Company''s board of directors has overall responsibility for the establishment and oversight of the Company''s risk management framework. The board has established the Audit Committee, which is responsible for developing and monitoring the Company''s risk management policies. The Committee holds regular meetings and report to board on its activities.

The Company''s risk management policies are established to identify and analyses the risks faced by the Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the

Company''s activities. The Company, through its training and management standards and procedures, aims to maintain a disciplined and constructive control environment in which all employees understand their roles and obligations.

The audit committee oversees how management monitors compliance with the Company''s risk management policies and procedures, and reviews the adequacy of the risk management framework in relation to the risks faced by the Company. The audit committee is assisted in its oversight role by internal audit. Internal audit undertakes both regular and ad hoc reviews of risk management controls and procedures, the results of which are reported to the audit committee.

(a) Credit risk

Credit risk is the risk of financial loss to the company if a customer or counterparty to a financial instrument fails to meet its contractual obligations. The company is exposed to the credit risk from its trade receivables, unbilled revenue, investments, cash and cash equivalents, bank deposits and other financial assets. The maximum exposure to credit risk is equal to the carrying value of the financial assets. The objective of managing counterparty credit risk is to prevent losses in financial assets.

Trade and other receivables-

Trade receivables comprise a widespread customer base. Management evaluates credit risk relating to customers on an ongoing basis. If customers are independently rated, these ratings are used. Otherwise, if there is no independent rating, risk control assesses the credit quality of the customer, taking into account its financial position, past experience and other factors For trade receivables, No Provision required because No Credit losses expected

Cash and Cash Equivalents

Credit risk on cash and cash equivalents and other deposits with banks is limited as the Company generally invests in deposits with banks with high credit ratings assigned by external credit rating agencies; accordingly, the Company considers that the related credit risk is low. Impairment on these items is measured on the 12-month expected credit loss basis.

(b) Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company''s approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company''s reputation.

The Company''s treasury maintains flexibility in funding by maintaining liquidity through investments in liquid funds and other committed credit lines. Management monitors rolling forecasts of the group''s liquidity position (comprising the undrawn borrowing facilities below) and cash and cash equivalents on the basis of expected cash flow.

Liquidity Table

The Company''s remaining contractual maturity for its non-derivative financial liabilities with agreed repayment periods is given below. 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. The tables include both interest and principal cash flows. The contractual maturity is based on the earliest date on which the Company may be required to pay.

(c) Market Risk

Market risk is the risk arising from changes in market prices - such as foreign exchange rates and interest rates will affect the Company''s income or the value of its holdings of financial

instruments. Market risk is attributable to all market risk sensitive financial instruments including foreign currency receivables and payables and long term debt. The Company is exposed to market risk primarily related to foreign exchange rate risk, interest rate risk and the market value of the investments. Thus, the exposure to market risk is a function of investing and borrowing activities and revenue generating and operating activities in foreign currency.

(i) . Foreign Currency Risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. The Company has significant foreign currency exposure. To mitigate this risk, foreign exchange exposure against exports are partly hedged by entering into forward cont

(ii) . Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of the Company''s financial instruments will fluctuate because of changes in market interest rates.

The Company is exposed to risk due to interest rate fluctuation on its non-current and current borrowings with floating interest rate. Interest rate risk is determined by current market interest rates, projected debt servicing capability and view on future interest rate. Such interest rate risk is actively evaluated and is managed through portfolio diversification and exercise of prepayment/refinancing options where considered necessary.

(iii) . Price Risk

Exposure

The Company''s exposure to securities price risk arises from investments held in mutual funds and classified in the balance sheet at fair value through profit or loss. To manage its price risk arising from such investments, the Company diversifies its portfolio. Further these are all debt base securities for which the exposure is primarily on account of interest rate risk. Quotes (NAV) of these investments are available from the mutual fund houses.

Profit for the year would increase/decrease as a result of gains/losses on these securities classified as at fair value through profit or loss.

The company has no any suppliers who have registered themselves under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act, 2006). The above mentioned information has been NIL.

Note 37 : Un-hedged Foreign Currency Exposure

The company has not foreign currency transaction so Un-hedged Foreign Currency Exposure is not arised and also Company does not enter into forward exchange contracts to hedge against its foreign currency exposures relating to the underlying transactions and firm commitments. The company does not enter into any derivative instruments for trading or speculative purpose. The foreign currency exposure not hedged as at 31st March, 2025 are as under:

1. Details of benami property held:

The Company does not have any benami property. No proceedings have been initiated on or are pending against the Company for holding benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder.

2. Struck off:

The Company has no transactions with Companies struck off under Companies Act, 2013 or Companies Act, 1956

3. Charge to be registered with ROC:

The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

4. Wilful defaulter:

The Company has not been declared wilful defaulter by any bank or financial institution or other lender or government or any government authority.

5. Details of crypto currency or virtual currency:

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

6. Undisclosed income:

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.)

7. Loans or Advances in the nature of loans are granted to promoters, directors, KMPs and the related parties

The Company has not granted any Loans or Advances in nature of loans to promoters, directors, KMPs and the related parties during the year.

8. Borrowings obtained on the basis of security of current assets

The Company has not been sanctioned any working capital limits in excess of five crore rupees, in aggregate, from banks on the basis of security of current assets, during the year.

9. Approved scheme of arrangements

The Company has not entered into any scheme of arrangement approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

10. Utilization of Borrowed funds and share premium:

(a) During the year, no funds have been advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) by the company to any other persons or entities, including foreign entities with the understanding whether recorded in writing or otherwise that the Intermediary shall 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 to or on behalf of the Ultimate Beneficiaries.

(b) During the year, the company has not received any fund from any persons or entities, including foreign entities (Funding Parties) with the understanding whether recorded in writing or otherwise that the company shall 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.

11. Compliance with number of layers of companies

The Company has complied with the number of layers prescribed under section 2(87) of the Act read with Companies (Restriction on number of Layers) Rules, 2017.

12. Title Deeds of Immovable Property

Based on audit procedures performed for the purpose of reporting the true and fair view of the financial statements and according to information and explanations given by the management the title deeds of immovable properties included in property plant and equipment are held in the name of the Company.

Note 39: Statement of Management

The non-current financial assets, current financial assets and other current assets are good and recoverable and are approximately of the values, if realized in the ordinary courses of business unless and to the extent stated otherwise in the Accounts. Provision for all known liabilities is adequate and not in excess of amount reasonably necessary. There are no contingent liabilities during the year.

Balance Sheet, Statement of Profit and Loss, cash flow statement and change in equity read together with Notes to the accounts thereon, are drawn up so as to disclose the information required under the Companies Act, 2013 as well as give a true and fair view of the statement of affairs of the Company as at the end of the year and financial performance of the Company for the year under review.

Note 40 :

The figures for the previous year have been regrouped / reclassified wherever necessary to make them comparable with the figures for the current year.

The financial statements are approved for issue by the Audit Committee and the Board of Directors at their respective meetings conducted on 15^th May, 2025

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Mar 31, 2024

a) Provisions:

Provisions are recognized if, as a result of a past event, the Company has a present legal or
constructive obligation that can be estimated reliably, and it is probable that an outflow of
economic benefits will be required to settle the obligation. If the effect of the time value of money
is material, provisions are discounted using a current pre tax rates that reflects, where appropriate,
the risks specific to the liability. Where discounting is used, the increase in the provision due to the
passage of time is recognized as a finance cost.

Onerous Contracts:

Present obligations arising under onerous contracts are recognised and measured as provisions. An
onerous contract is considered to exist when a contract under which the unavoidable costs of meeting
the obligations exceed the economic benefits expected to be received from it.

b) Contingent Liabilities:

Contingent liability is a possible obligation arising from past events and the existence of which will be
confirmed only by the occurrence or non-occurrence of one or more uncertain future events not
wholly within the control of the Company or a present obligation that arises from past events but is
not recognised because it is not possible that an outflow of resources embodying economic benefit
will be required to settle the obligations or reliable estimate of the amount of the obligations cannot
be made. The Company discloses the existence of contingent liabilities in other notes to financial
statements. Means Contingent liabilities are not recognised in the financial statements.

Contingent assets usually arise from unplanned or other unexpected events that give rise to the
possibility of an inflow of economic benefits. Contingent assets are not recognised though are
disclosed, where an inflow of economic benefits is probable.

4.7. Revenue Recognition

• Revenue is recognised to the extent that it is probable that the economic benefits will flow to the
Company and the revenue can be reliably measured, regardless of when the payment is being made.
Revenue is measured at the fair value of the consideration received or receivable, taking into account
contractually defined terms of payment and excluding taxes or duties collected on behalf of the
Government.

• The Company recognizes revenue when the amount of revenue can be reliably measured, it is
probable that future economic benefits will flow to the entity and specific criteria have been met
for each of the Company''s activities as described below. The Company bases its estimates on
historical results, taking into consideration the type of customer, the type of transaction and the
specific of each arrangement.

Sale of Goods

Revenue from the sale of goods is recognized when significant risks and rewards of ownership are
transferred to customers and the Company retains neither continuing managerial involvement to
the degree usually associated with ownership nor effective control over the goods sold. Revenue
from the sale of goods is measured at the fair value of the consideration received or receivables,
net of returns and allowances, trade discounts and volume rebates.

Sale of Services

Revenue from services is recognized in the accounting period in which the services are rendered
and when invoices are raised.

Interest Income

For all debt instruments measured either at amortised cost or at fair value through other
comprehensive income (FVTOCI), interest income is recorded using the effective interest rate (EIR).
EIR is the rate that exactly discounts the estimated future cash receipts over the expected life of the
financial instrument or a shorter period, where appropriate to the gross carrying amount of the
financial asset. When calculating the effective interest rate, the Company estimates the expected
cash flows by considering all the contractual terms of the financial instrument ( for example,
prepayment, extension, call and similar options ) but does not consider the expected credit losses.

Dividend Income

Dividend income from investments is recognized when the Company''s right to receive payment has
been established.

4.8. Leases

At inception of contract, the Group assesses whether the Contract is, or contains, a lease. A
contract is, or contains, a lease if the contract conveys the right to control the use of an identified
asset for a period of time in exchange for consideration. At inception or on reassessment of a
contract that contains a lease component, the Group allocates consideration in the contract to each
lease component on the basis of their relative standalone price.

As a lessee

i) Right-of-use assets

The Group recognizes right-of-use assets at the commencement date of the lease. Right-of-
use assets are measured at cost, less any accumulated depreciation and impairment losses,
and adjusted for any re measurement of lease liabilities. The cost of right-of-use assets
includes the amount of lease liabilities recognised, initial direct costs incurred, lease
payments made at or before the commencement date less any lease incentives received and
estimate of costs to dismantle. Right- of-use assets are depreciated on a straight-line basis
over the shorter of the lease term and the estimated useful lives of the assets.

The Group presents right-to-use assets that do not meet the definition of investment
property in ''Property, plant and equipment''.

ii) Lease Liabilities

At the commencement date of the lease, the Group recognises lease liabilities measured at
the present value of lease payments to be made over the lease term. In calculating the
present value of lease payments, the Group generally uses its incremental borrowing rate at
the lease commencement date if the discount rate implicit in the lease is not readily
determinable.

After the commencement date, the amount of lease liabilities is increased to reflect the
accretion of interest and reduced for the lease payments made. The carrying amount is
remeasured when there is a change in future lease payments arising from a change in index
or rate. In addition, the carrying amount of lease liabilities is remeasured if there is a
modification, a change in the lease term, a change in the lease payments or a change in the
assessment of an option to purchase the underlying asset.

The Group presents lease liabilities under financial liabilities in the Balance Sheet.

iii) Short term leases and leases of low value of assets

The Group applies the short-term lease recognition exemption to its short-term leases. It
also applies the lease of low- value assets recognition exemption that are considered to be
low value. Lease payments on short-term leases and leases of low value assets are
recognised as expense on a straight-line basis over the lease term.

As a lessor

Leases in which the Group does not transfer substantially all the risks and rewards of
ownership of an asset are classified as operating leases. Rental income from operating lease
is recognised on a straight-line basis over the term of the relevant lease. 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.

Leases are classified as finance leases when substantially all of the risks and rewards of
ownership transfer from the Group to the lessee. Amounts due from lessees under finance
leases are recorded as receivables at the Group''s net investment in the leases. Finance lease
income is allocated to accounting periods so as to reflect a constant periodic rate of return
on the net investment outstanding in respect of the lease.

4.9. Foreign Currency Translation

• Foreign currency transactions are translated into the functional currency using the spot rates
of exchanges at the dates of the transactions.

• Foreign Currency Monetary assets and liabilities denominated in foreign currencies are
translated at the functional currency spot rate of exchanges at the reporting date.

• Foreign exchange gains and losses resulting from the settlement of such transactions and
from the translation of monetary assets and liabilities are recognised in profit or loss in the
year in which they arise.

Non-monetary items are not retranslated at period end and are measured at historical cost
(translated using the exchange rate at the transaction date).

4.10. Borrowing Costs

• Borrowing Costs consist of interest and other costs that an entity incurs in connection with
the borrowings of funds.

• Borrowing costs directly attributable to the acquisition or construction of a qualifying asset
are capitalised as a part of the cost of that asset that necessarily takes a substantial period of
time to complete and prepare the asset for its intended use. The Company considers a
period of twelve months or more as a substantial period of time.

All other borrowing costs are recognised in the statement of profit and loss in the period in which
they are incurred.

4.11. Employee Benefits

a) Short Term Employee Benefits

Short term employee benefit obligations are measured on an undiscounted basis and are expensed as
the related services are provided. Liabilities for wages and salaries, including non-monetary benefits
that are expected to be settled wholly within twelve months as at the end of the period in which the
employees render the related service are recognised in respect of employees'' services up to the end
of the reporting period.

b) Other Long Term Employee Benefits

The known liabilities for earned leaves that are not expected to be settled wholly within twelve
months are measured as the present value of the expected future payments to be made in respect of
services provided by employees up to the end of the reporting period using the projected unit credit
method.

c) Post-Employment Benefits

• Defined Benefit Plans

The known liability, if any, recognised in the balance sheet in respect of defined benefit plans
is the present value of the defined benefit obligation at the end of the reporting period less
the fair value of plan assets. The Company''s net obligation in respect of defined benefit plans
is calculated separately for each plan by estimating the amount of future benefit that
employees have earned in the current and prior periods. The defined benefit obligation is

calculated annually by Actuaries using the projected unit credit method. In other cases, such
expenditure are charged to Statement of Profit and Loss Account considering it as Short
Term Benefits.

• Defined Contribution Plan

Defined contributions, if any, to Statutory Schemes are charged to the statement of profit and
loss of the ye

d) Termination Benefit

Expenditure incurred on Voluntary Retirement Scheme is charged to the statement of profit and
loss immediately.

4.12. Income Taxes

Income tax comprises current and deferred tax. It is recognized in the statement of profit and loss
except to the extent that it relates to an item recognized directly in equity or in other
comprehensive income.

i) Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from
''profit before tax'' as reported in the statement of profit and loss because of items of income
or expense that are taxable or deductible in other years and items that are never taxable or
deductible. The Company''s current tax is calculated using tax rates that have been enacted
or substantively enacted by the end of the reporting period.

ii) Deferred Tax

Deferred tax assets and liabilities shall be measured at the tax rates that are expected to
apply to the period when the asset is realized or the liability is settled based on tax rates
and tax laws that have been enacted or substantively enacted by the end of the
reporting period.

• Deferred tax is recognized in respect of temporary differences between the carrying amounts of
assets and liabilities for financial reporting purposes and the corresponding amounts used for taxation
purposes (i.e. taxbase). Deferred tax is also recognized for carry forward of unused tax losses and
unused tax credits.

• Deferred tax assets are recognized to the extent that it is probable that taxable profit will be available
against which the deductible temporary differences, and the carry forward of unused tax credits and
unused tax losses can be utilised.

• The carrying amount of deferred tax assets is reviewed at the end of each reporting period. The
Company reduces the carrying amount of a deferred tax asset to the extent that it is no longer
probable that sufficient taxable profit will be available to allow the benefit of part or that entire
deferred tax asset to be utilised. Any such reduction is reversed to the extent that it becomes
probable that sufficient taxable profit will be available.

• Deferred tax relating to items recognised outside the statement of profit and loss is recognised either
in other comprehensive income or in equity. Deferred tax items are recognized in correlation to the
underlying transaction either in other comprehensive income or directly inequity.

• Deferred tax assets and liabilities are offset when there is a legally enforceable right to setoff current
tax assets against current tax liabilities and when they relate to income taxes levied by the same
taxation authority and the Company intends to settle its current tax assets and liabilities on a net
basis.

4.13. Derivative financial instruments

Derivatives are initially recognised at fair value at the date the derivative contracts are entered into
and are subsequently re-measured to their fair value at the end of each reporting period.
Derivatives are carried as financial assets when the fair value is positive and as financial liabilities
when the fair value is negative.

4.14. Earnings per share

Basic earnings per share is calculated by dividing the net profit or loss for the period attributable to
ordinary shareholders by the weighted average number of ordinary shares outstanding during the
period.

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

4.15. Fair Value Measurement

A number of the accounting policies and disclosures of the Company require the measurement of fair
values, for both financial and non-financial assets and liabilities.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an
orderly transaction between market participants at the measurement date. The fair value
measurement is based on the presumption that the transaction to sell the asset or transfer the liability
takes place either:

• In the principal market for the asset or liability, or

• In the absence of a principal market, in the most advantageous market for the asset or liability.

The principal or the most advantageous market must be accessible by the Company. The fair value of
an asset or a liability is measured using the assumptions that market participants would use when
pricing the asset or liability, assuming that market participants act in their economic best interest. A
fair value measurement of a non-financial asset takes into account a market participant''s ability to
generate economic benefits by using the asset in its highest and best use or by selling it to another
market participant that would use the asset in its highest and best use.

The Company uses valuation techniques that are appropriate in the circumstances and for which
sufficient data are available to measure fair value, maximizing the use of relevant observable inputs
and minimizing the use of unobservable inputs.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are
categorised within the fair value hierarchy, described as follows, based on the input that is significant
to the fair value measurement as a whole:

• Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or liabilities;

• Level 2 — Inputs other than quoted prices included within Level 1, that are observable for the

asset or liability, either directly or indirectly; and

• Level 3 — Inputs which are unobservable inputs for the asset or liability.

External valuers are involved for valuation of significant assets and liabilities. Involvement of external
valuers is decided by the management of the Company considering the requirements of Ind AS and
selection criteria include market knowledge, reputation, independence and whether professional
standards are maintained.

4.16. Current / non- current classification

The Company presents assets and liabilities in the balance sheet based on current/non-current
classification. An asset is classified as current when it is:

• Expected to be realized or intended to be sold or consumed in normal operating cycle;

• Held primarily for the purpose of trading;

• Expected to be realized within twelve months after the reporting period ; or

• Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least
twelve months after the reporting period.

All the other assets are classified as non-current.

A liability is classified as current when:

• It is expected to be settled in normal operating cycle;

• It is held primarily for the purpose of trading;

• It is due to be settled within twelve months as per the reporting period ; or

• There is no unconditional right to defer the settlement of the liability for at least twelve months after
the reporting period.

The Company classifies all other liabilities as non-current.

Deferred tax assets and liabilities are classified as non-current assets and non-current liabilities
respectively for the year ended 31^st March, 2023.

4.17. Cash and cash equivalent

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term
deposits with an original maturity of three months or less, which are subject to an insignificant risk
of change in value.

4.18. Investment properties

• Investment property, if any, is property (comprising land or building or both) held to earn rental income or
for capital appreciation or both, but not for sale in ordinary course of business, used in the production
or supply of goods or services or for administrative purposes.

• Upon initial recognition, an investment property is measured at cost. Subsequently they are stated in the
balance sheet at cost, less accumulated depreciation/amortization and accumulated impairment
losses, if any.

• Any gain or loss on disposal of investment property is determined as the difference between net
disposal proceeds and the carrying amount of the property and is recognized in the statement of profit
and loss.

• The depreciable investment property i.e., buildings, are depreciated on a straight line method at a rate
determined based on the useful life as provided under Schedule II of the Act.

• Leasehold land if any, is amortised on a straight line basis over the period of lease.

• Investment properties are derecognised either when they have been disposed off or when they are
permanently withdrawn from the use and no future economic benefit is expected from their disposal.

The net difference between the net disposal proceeds and the carrying amount of the asset is recognised
in profit or loss in the period of derecognition.

4.19. Non-current assets (or disposal groups) held for sale and discontinued operations

• Non-current assets (or disposal groups) are classified as held for sale if their carrying amount will be
recovered principally through a sale transaction rather than through continuing use and a sale is
considered highly probable. They are measured at the lower of the carrying amount and the fair
value less cost to sell.

• An impairment loss, if any, is recognized for any initial or subsequent write-down of the asset (or
disposal group) to fair value less costs to sell. A gain is recognized for any subsequent increases in fair
value less costs to sell of an asset (or disposal group), but not in excess of any cumulative impairment
loss previously recognised. A gain or loss not previously recognised by the date of the sale of the non¬
current asset (or disposal group) is recognised at the date of de-recognition.

• Non-current assets (including those that are part of a disposal group) are not depreciated or
amortised while they are classified as held for sale. Non-current assets (or disposal group), if any,
classified as held for sale are presented separately in the balance sheet. Any profit or loss, if any,
arising from the sale or Remeasurement of discontinued operations is presented as part of a single
line item in statement of profit and loss.

4.20. Cash dividend distribution to equity holders

The Company recognizes a liability to make cash distributions to equity holders of the Company
when the distribution is authorized and the distribution is no longer at the discretion of the
Company. Final dividends on shares are recorded as a liability on the date of approval by the
shareholders and interim dividends are recorded as a liability on the date of declaration by the
Company''s Board of Directors.

Securities Premium

Securities premium reserve is created due to premium on issue of shares. These reserve is utilised in
accordance with the provisions of the Companies, Act, 2013

General Reserve

General Reserve is a free reserve created by the Company by transfer from Retained earnings for
appropriation purposes.

Other Reserves

Other reserve is includes state subsidy

Retained Earnings (Includes Other Comprehensive Income)

The retained earnings reflect the profit of the Company earned till date net of appropriations. The amount
that can be distributed by the Company as dividends to its equity shareholders is determined based on the
balance in this reserve, after considering the requirements of the Companies Act, 2013

During the year under audit the company has charged Rs. 12.10 lakhs (PY: Rs. 9.67 lakhs) lakhs in profit and
loss account considering as short-term employee benefit expense. Further according to the management of
the company, the company had not entered into formal plans or formal agreement between company and
individual employee, group of employees or their representative other than those provided in short term
employee benefit expense. Further in the opinion of the company is not under legislative requirement or
through industry arrangements whereby the company is required to contribute to statutory plans. Further in
the view of the company, there are no informal practices that give rise to constructive obligations other than
those provided in short term employee benefit expenses.

a. Segment Information

Operating segments are reported in a manner consistent with the internal reporting to the chief
operating decision maker (CODM). The Managing Director of the Company being the CODM,
assesses the financial performance and position of the Company and makes strategic decisions.
The CODM primarily uses earnings before interest, tax, depreciation and amortization (EBITDA)
as performance measure to assess the performance of the operating segments.

Note 33: Capital Management

The Company manages its capital to ensure that entities in the Company will be able to continue as going
concerns while maximizing the return to stakeholders through the optimization of the debt and equity
balance. The capital structure of the Company consists of net debt (borrowings offset by cash and bank
balances) and total equity of the Company.

Note : 34 Disclosure of Financial Instruments
A. Financial Instrument by Category

This section gives an overview of the significance of financial instruments for the Company and provides
additional information on balance sheet items that contain financial instruments. The details of
significant accounting policies, including the criteria for recognition, the basis of measurement and the
basis on which income and expenses are recognised in respect of each class of financial asset, financial
liability and equity instrument are disclosed in Note-4.1 to the financial statements.

(i) . Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or liabilities;

(ii) . Level 2 — Inputs other than quoted prices included within Level 1, that are observable for the asset

or liability, either directly or indirectly; and

(iii) . Level 3 - Inputs which are unobservable inputs for the assets or liability.

Note 35 : Financial Risk Management

The Company''s board of directors has overall responsibility for the establishment and oversight of the
Company''s risk management framework. The board has established the Audit Committee, which is
responsible for developing and monitoring the Company''s risk management policies. The Committee holds
regular meetings and report to board on its activities.

The Company''s risk management policies are established to identify and analyses the risks faced by the
Company, to set appropriate risk limits and controls and to monitor risks and adherence to limits. Risk
management policies and systems are reviewed regularly to reflect changes in market conditions and the
Company''s activities. The Company, through its training and management standards and procedures, aims to
maintain a disciplined and constructive control environment in which all employees understand their roles
and obligations.

The audit committee oversees how management monitors compliance with the Company''s risk management
policies and procedures, and reviews the adequacy of the risk management framework in relation to the risks
faced by the Company. The audit committee is assisted in its oversight role by internal audit. Internal audit
undertakes both regular and ad hoc reviews of risk management controls and procedures, the results of
which are reported to the audit committee.

Credit risk is the risk of financial loss to the company if a customer or counterparty to a financial
instrument fails to meet its contractual obligations. The company is exposed to the credit risk from
its trade receivables, unbilled revenue, investments, cash and cash equivalents, bank deposits and
other financial assets. The maximum exposure to credit risk is equal to the carrying value of the
financial assets. The objective of managing counterparty credit risk is to prevent losses in financial
assets.

Trade and other receivables-

Trade receivables comprise a widespread customer base. Management evaluates credit risk relating
to customers on an ongoing basis. If customers are independently rated, these ratings are used.
Otherwise, if there is no independent rating, risk control assesses the credit quality of the customer,
taking into account its financial position, past experience and other factors For trade receivables, No
Provision required because No Credit losses expected

Cash and Cash Equivalents

Credit risk on cash and cash equivalents and other deposits with banks is limited as the Company
generally invests in deposits with banks with high credit ratings assigned by external credit rating
agencies; accordingly, the Company considers that the related credit risk is low. Impairment on
these items is measured on the 12-month expected credit loss basis.

(b) Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations
associated with its financial liabilities that are settled by delivering cash or another financial asset.
The Company''s approach to managing liquidity is to ensure, as far as possible, that it will have
sufficient liquidity to meet its liabilities when they are due, under both normal and stressed
conditions, without incurring unacceptable losses or risking damage to the Company''s reputation.

The Company''s treasury maintains flexibility in funding by maintaining liquidity through investments
in liquid funds and other committed credit lines. Management monitors rolling forecasts of the
group''s liquidity position (comprising the undrawn borrowing facilities below) and cash and cash
equivalents on the basis of expected cash flow.

Liquidity Table

The Company''s remaining contractual maturity for its non-derivative financial liabilities with agreed
repayment periods is given below. 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.
The tables include both interest and principal cash flows. The contractual maturity is based on the
earliest date on which the Company may be required to pay.

Market risk is the risk arising from changes in market prices - such as foreign exchange rates and
interest rates will affect the Company''s income or the value of its holdings of financial instruments.
Market risk is attributable to all market risk sensitive financial instruments including foreign
currency receivables and payables and long term debt. The Company is exposed to market risk
primarily related to foreign exchange rate risk, interest rate risk and the market value of the
investments. Thus, the exposure to market risk is a function of investing and borrowing activities
and revenue generating and operating activities in foreign currency.

(i) . Foreign Currency Risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will
fluctuate because of changes in foreign exchange rates. The Company has significant foreign
currency exposure. To mitigate this risk, foreign exchange exposure against exports are partly
hedged by entering into forward cont

(ii) . Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of the Company''s financial
instruments will fluctuate because of changes in market interest rates.

The Company is exposed to risk due to interest rate fluctuation on its non-current and current
borrowings with floating interest rate. Interest rate risk is determined by current market
interest rates, projected debt servicing capability and view on future interest rate. Such
interest rate risk is actively evaluated and is managed through portfolio diversification and
exercise of prepayment/refinancing options where considered necessary.

(iii) . Price Risk

Exposure

The Company''s exposure to securities price risk arises from investments held in mutual
funds and classified in the balance sheet at fair value through profit or loss. To manage its
price risk arising from such investments, the Company diversifies its portfolio. Further
these are all debt base securities for which the exposure is primarily on account of interest
rate risk. Quotes (NAV) of these investments are available from the mutual fund houses.

The company has not any suppliers who have registered themselves under the Micro, Small and Medium
Enterprises Development Act, 2006 (MSMED Act, 2006). The above mentioned information has been NIL.

Note 37 : Un-hedged Foreign Currency Exposure

The company has not foreign currency transaction so Un-hedged Foreign Currency Exposure is not arised and also
Company does not enter into forward exchange contracts to hedge against its foreign currency exposures
relating to the underlying transactions and firm commitments. The company does not enter into any
derivative instruments for trading or speculative purposes.

1. Details of benami property held:

The Company does not have any benami property. No proceedings have been initiated on or are
pending against the Company for holding benami property under the Benami Transactions
(Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder.

2. Struck off:

The Company has no transactions with Companies struck off under Companies Act, 2013 or
Companies Act, 1956

3. Charge to be registered with ROC:

The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond
the statutory period.

4. Wilful defaulter:

The Company has not been declared wilful defaulter by any bank or financial institution or other
lender or government or any government authority.

5. Details of crypto currency or virtual currency:

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

6. Undisclosed income:

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.)

7. Loans or Advances in the nature of loans are granted to promoters, directors, KMPs and the related
parties

The Company has not granted any Loans or Advances in nature of loans to promoters, directors, KMPs
and the related parties during the year.

8. Borrowings obtained on the basis of security of current assets

The Company has not been sanctioned any working capital limits in excess of five crore rupees, in
aggregate, from banks on the basis of security of current assets, during the year.

9. Approved scheme of arrangements

The Company has not entered into any scheme of arrangement approved by the Competent Authority
in terms of sections 230 to 237 of the Companies Act, 2013.

10. Utilization of Borrowed funds and share premium:

(a) During the year, no funds have been advanced or loaned or invested funds (either borrowed
funds or share premium or any other sources or kind of funds) by the company to any other
persons or entities, including foreign entities with the understanding whether recorded in writing
or otherwise that the Intermediary shall 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 to or on behalf of the Ultimat

Beneficiaries.

(b) During the year, the company has not received any fund from any persons or entities, including
foreign entities (Funding Parties) with the understanding whether recorded in writing or
otherwise that the company shall 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.

11. Compliance with number of layers of companies

The Company has complied with the number of layers prescribed under section 2(87) of the Act read
with Companies (Restriction on number of Layers) Rules, 2017.

12. Title Deeds of Immovable Property

Based on audit procedures performed for the purpose of reporting the true and fair view of the
financial statements and according to information and explanations given by the management the
title deeds of immovable properties included in property plant and equipment are held in the name
of the Company.

Note 40 : Statement of Management

The non-current financial assets, current financial assets and other current assets are good and recoverable and
are approximately of the values, if realized in the ordinary courses of business unless and to the extent stated
otherwise in the Accounts. Provision for all known liabilities is adequate and not in excess of amount reasonably
necessary. There are no contingent liabilities during the year.

Balance Sheet, Statement of Profit and Loss, cash flow statement and change in equity read together with Notes to
the accounts thereon, are drawn up so as to disclose the information required under the Companies Act, 2013 as
well as give a true and fair view of the statement of affairs of the Company as at the end of the year and financial
performance of the Company for the year under review.

Note 41 :

The figures for the previous year have been regrouped / reclassified wherever necessary to make them
comparable with the figures for the current year.

The financial statements are approved for issue by the Audit Committee and the Board of Directors at their
respective meetings conducted on 20^th May, 2024

As per our attached report of even date.

For and on behalf of

VKJD & ASSOCIATES For Jayatma Enterprises Limited

Chartered Accountants
F.R.N. : 128985W

Sd/- Sd/-

(Nirav Shah) (Pathik Patwari)

(Chairman/Managing Director) (Director)

DIN:00397336 DIN: 02428297

Sd/-

(CA JIGNASHU K. SHAH) Sd/- Sd/-

Partner (Vaibhav Jardosh) (Kruti Shah)

M.No.: 117481 (CFO) (CS)

UDIN: 24117481BKEGBZ1005

Date : 20^th May, 2024
Place: Ahmedabad

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Mar 31, 2015

1 Corporate Information

JAYATMA SPINNERS LIMITED is a public limited company domicile in India and incorporated under the provision of the Companies Act, 1956. The Company's main operation is trading activity and lease and license fees and has revenue from other operations such as Warehouse Charges, interest and dividend income.

2.c. During the year 2284000 Equity Shares of Rs. 10 each are issued at Rs.18 with Rs.8/- per share Security Premium. On receipt of the full consideration value,allotment of 2284000 equity shares were made and equity shares were issued at Rs.10/- each with Security Premium of Rs.8/- each.

d. The offer was made preferential to the Promoters and from the public.

e. The Equity Shares so alloted shall rank pari passu in all respects with the existing shares of the Company and elligible for dividend, if any declared by the Company from time to time.

f. Money received towards Equity Shares are under process of utilisation for various projects of the Company.

g. Terms/rights attached to the equity shares :

* The Company has issued only one class of shares referred to as equity shares having a par value of Rs.10/-. Each holder of equity share is entitled to one vote per share.

h. In the event of liquidation, the Equity Share holders are eligible to receive the remaining Assets of the Company after distribution of all statutory amount, in proportion to their share holding.

i. Company has not alloted any bonus shares, shares without consideration in cash and/or bought back any equity shares during the period of last five years.

3. : Additional Information pursuant to Schedule III to the Companies Act, 2013 is given as under so far as applicable to the Company.

A. Contingent Liability

Contingent Liability not provided for in respect of:

Particulars Amount Rs.

No

1 Legal Proceeding Claim not acknowledged as debts 3900000/-

C. Impairment of Assets

The carrying amounts of assets are reviewed at each balance sheet date. If there is any indication of impairment based internal/external factors. An impairment loss will be recognised wherever the carrying amount of an asset exceeds its estimated recoverable amount. The recoverable amount is greater of the assets' net selling price and value in use. In assessing the value in use the estimated future cash flows are discounted to the present value at the weighted average cost of capital. During the year there are no impairment losses of the Company.

D. Foreign Currency Transactions

Earnings in Foreign Currency:

E. Related Party Disclosures

As per the Accounting Standard on "Related Party Disclosures" (AS 18) issued by the Institute of Chartered Accountants of India, the related parties and the details of transaction with them are as follows:

Particulars

1 Key Managerial Person Kalyan J. Shah ,Nirav K Shah,

Fenil Shah, Premal Joshi and Ashini Shah

2 Relatives of Key Managerial Apurva Shah Person

3 Associate No Transactions during the year

G. Current Liability related to Micro, Small and Medium Enterpries :

The Company has not received information from vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure relating to amount unpaid to as at year end together with interest paid/payable under this act have not been given.

The Company is making efforts to get confirmation from the vendors as regards their status under the Act.

H. In the opinion of the Board of Directors, all items of Current Assets, Loans and Advances continue to have a realizable value of at least the amounts at which they are stated in the Balance Sheet, unless otherwise stated.

I. Balances of Trade Receivables and Loans & Advances are subject to confirmation and are as per books of account only. However, in the opinion of management the reconciliation will not have any material impact on profitability of the Company for the year.

J. Earnings Per Share

The earnings considered in ascertaining the Company's EPS represent profit for the year after tax. Basic EPS is computed and disclosed using the weighted average number of equity shares outstanding during the year.

K. In compliance of Accounting Standard 22 on "Accounting for taxes on Income" issued by Institute of Chartered Accountants of India, the Company has provided Accumulated net deferred tax liability in respect of timing difference as on 31st March, 2015. The item - wise details of deferred tax liability as on 31.03.2015 are as under:

L. The previous year figures have been accordingly regrouped/ re-classified to conform to the current year's classification.

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Mar 31, 2014

1 Corporate Information

1 JAYATMA SPINNERS LIMITED is a public limited company domicile in India and incorporated under the provision of the Companies Act, 1956. The Company''s main operation is Trading activity and rental activity and has revenue from other operations such as Warehouse Charges,interest and commission income.

2 Details of shareholders holding more than 5% shares in the Company :

There are no shareholders holding more than 5% shares in the Company

c Terms/rights attached to the equity shares :

The Company has issued only one class of shares referred to as equity shares having a par value of RS. 10/- each holder of equity share is entitled to one vote per share.

3 CONTINGENT LIABILITY

Contingent liability not provided for in respect of:

Particulars Amount RS.

Claim against the Company not acknowledged as debts 390000/-

4 IMPAIRMENT OF ASSETS

The carrying amounts of assets are reviewed at each balance sheet date, if there is any indication of impairment based internal/external factors. An impairment loss will be recognised wherever the carrying amount of an asset exceeds its estimated recoverable amount. The recoverable amount is greater of the assets'' net selling price and value in use. In assessing the value in use the estimated future cash flows are discounted to the present value at the weighted average cost of capital. During the year there is no impairment losses of the Company.

5 FOREIGN CURRENCY TRANSACTIONS

There is no Foreign Exchange Earning & Out go during the Year

6 RELATED PARTY DISCLOSURE

As per the Accounting Standard on "Related Party Disclosures" (AS 18) issued by the Institute of Chartered Accountants of India, the related parties and the details of transaction with them are as follows:

Particulars

1 Key Managerial Personnel Nirav K. Shah, Fenil Shah Kalyan Shah

2 Relatives of Key Managerial Apurva K Shah, Ashok J. Shah Personnel

3 Associate No Transactions during the year

7 CURRENT LIABILITY RELATED TO MICRO, SMALL AND MEDIUM ENTERPRISES

The Company has not received information from vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure relating to amount unpaid to as at year end together with interest paid/payable under this act have not been given.

The Company is making efforts to get confirmation from the vendors as regards their status under the Act.

8 In the opinion of the Board of Directors, all items of Current Assets, Loans and Advances continue to have a realizable value of at least the amounts at which they are stated in the Balance Sheet, unless otherwise stated.

9 Balances of Trade Receivables and Loans & Advances are subject to confirmation and are as per books of account only. However, in the opinion of management, the reconciliation will not have any material impact on profitability of the Company for the year.

10 EARNINGS PER SHARE

The earnings considered in ascertaining the Company''s EPS represent profit for the year after tax. Basic EPS is computed and disclosed using the weighted average number of equity shares outstanding during the year.

11 The Previous year''s figures have been regrouped/reclassified wherever necessary to correspond with the current year''s classification/ disclosure.

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Mar 31, 2013

Note-1 Corporate Information

JAYATMA SPINNERS LIMITED is a public limited company domicile in India and incorporated under the provision of the Companies Act, 1956. The Company''s main operation is Trading activity and rental activity and has revenue from other operations such as Warehouse Charges,interest and commission income.

31.3.2013 31.3.2012 Rupees Rupees

NOTE-2 CONTINGENT LIABILITY

Contingent liability not provided for in respect of:

Claim against the Company not acknowledged as debts 390000 -

NOTE-3 CAPITAL AND OTHER COMMITMENT

To the exent not provided for :

A. Estimated amount of contracts remaining to be executed on capital account and not provided for -

B. Guarantees -

C. Others -

NOTE-4 IMPAIRMENT OF ASSETS

The carrying amounts of assets are reviewed at each balance sheet date, if there is any indication of impairment based internal/external factors. An impairment loss will be recognised wherever the carrying amount of an asset exceeds its estimated recoverable amount. The recoverable amount is greater of the assets'' net selling price and value in use. In assessing the value in use the estimated future cash flows are discounted to the present value at the weighted average cost of capital. During the year there is no impairment losses of the Company.

NOTE-5 CURRENT LIABILITY RELATED TO MICRO, SMALL AND MEDIUM ENTERPRISES

The Company has not received information from vendors regarding their status under the Micro, Small and Medium Enterprises Development Act, 2006 and hence disclosure relating to amount unpaid to as at year end together with interest paid/payable under this act have not been given.

The Company is making efforts to get confirmation from the vendors as regards their status under the Act.

NOTE-6

In the opinion of the Board of Directors, all items of Current Assets, Loans and Advances continue to have a realizable value of at least the amounts at which they are stated in the Balance Sheet, unless otherwise stated

NOTE-7

Balances of Trade Receivables and Loans & Advances are subject to confirmation and are as per books of account only. However, in the opinion of management, the reconciliation will not have any material impact on profitability of the Company for the year.

NOTE-8 EARNINGS PER SHARE

The earnings considered in ascertaining the Company''s EPS represent profit for the year after tax. Basic EPS is computed and disclosed using the weighted average number of equity shares outstanding during the year.

NOTE-9

The Previous year''s figures have been regrouped/reclassified wherever necessary to correspond with the current year''s classification/disclosure.

---

Mar 31, 2012

1. Corporate Information :

Jayatma Spinners Ltd is a publiq limited company domiciled in India and incorporated under the provisions of the Companies Ad,1958. The Company's main operation is dealing in Yam and has its revenue from other operations such as Warehouse Charges and other Rent Charges of Equipment.

NOTE "2": SEGMENT REPORTING

As more than 90% of revenue for the Company comes from a Primary Domestic single segment of Warehouse income, segment reporting as required under Accounting Standard-17, issued by The Institute of Chartered Accountants of India (ICAI) is not applicable.

NOTE "3": RELATED PARTY DISCLOSURES

As per Accounting Standard - 18 on "Related Parly Disclosures" issued by the Institute of Chartered Accountants of India, the related parties and the details of transactions with them are as follows:

1. Key Managerial Personnel Nirav K. Shah, Fenil Shah, Ashok Gandhi.

2. Relatives Apurva K. Shah, Aahok J. Shah

3. Associate Jayatma Informatics P Ltd., Jayatma Comtex Pvt. Ltd., Giriraj Cotton Ltd., Santaram Spinners Ltd., Niyati Tex P. Ltd.

NOTE "4":

In the opinion of the Board of Directors, all items of Current Assets, Loans and Advances continue to have a realizable value of at least the amounts at which they are stated In the Balance Sheet, unless otherwise stated.

NOTE "5":

Balances of Trade Receivables, Loans & Advances and Trade Receivables ire subject to confirmation and are as per books of account only. However, in the opinion of management, the reconciliation will not have any material impact on profitability of the Company for the year.

NOTE "6":

The Revised Schedule VI has become effective from 1st April, 2011 for the preparation of financial statements. This has significantly impacted the disclosures and presentation made in the financial statements. Previous Years's figures have been regrouped / reclassified wherever necessary fo correspond with the current year's classification/disclosure Financial Data has been provided to the extent it is applicable to the Company.