Notes to Accounts of Aayush Art and Bullion Ltd.

Mar 31, 2025

2.10 Earnings per share:

Basic earnings/ (loss) per share are calculated by dividing the net profit/ (loss) for the period attributable to equity shareholders by the
weighted average number of equity shares outstanding during the period. The weighted average number of equity shares outstanding
during the period are adjusted for any bonus shares issued during the period and also after the Balance Sheet date but before the date
the financial statements are approved by the Board of Directors.

For the purpose of calculating diluted earnings/ (loss) per share, the net profit/ (loss) for the period attributable to equity shareholders
The number of equity shares and potentially dilutive equity shares are adjusted for bonus shares as appropriate. The dilutive potential

Contract assets are initially recognised for revenue from sale of goods. Contract liabilities are on account of the upfront
revenue received from customer for which performance obligation has not yet been completed.

3.Perfomance obligation

The performance obligation is satisfied when control of the goods or services are transferred to the customers based on the
contractual terms. Payment terms with customers vary depending upon the contractual terms of each contract.

31 Financial risk management

The Company has exposure to the following risks arising from financial instruments:

(i) Market risk

(a) Interest rate risk;

(b) Commodity risk;

(ii) Credit risk and;

(iii) Liquidity risk

Risk management framework

The Company’s activities expose it to a variety of financial risks, including market risk . The Company’s primary risk management focus is to minimize potential adverse effects of risks
on its financial performance. The Company’s risk management assessment policies and processes are established to identify and analyse the risks faced by the Company, to
set appropriate risk limits and controls, and to monitor such risks and compliance with the same. Risk assessment and management ofthese policies and processes are reviewed regularly
to reflect changes in market conditions and the Company’s activities. The Board of Directors and the Audit Committee are responsible for overseeing these policies and processes.

(i) Market risk

Market risk is the risk of changes in the market prices on account of foreign exchange rates, interest rates and Commodity prices, which shall affect the Company''s income or the value of
its holdings of its financial instruments . The objective of market risk management is to manage and control market risk exposure within acceptable parameters, while optimising the
returns.

(a) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company’s exposure to
market risk for changes in interest rates relates to borrowings from banks and others.

Interest rate sensitivity - variable rate instruments

A reasonably possible change of 100 basis points in interest rates at the reporting date would have increased /(decreased) equity and profit or loss by amounts shown below.
This analysis assumes that all other variables, in particular, foreign currency exchange rates, remain constant. This calculation also assumes that the change occurs at the
balance sheet date and has been calculated based on risk exposures outstanding as at that date.

A. Trade receivables

The Company’s exposure to credit risk is influenced mainly by the individual characteristics of each customer. The demographics of the customer , including the default risk of the
industry has an influence on credit risk assessment. Credit risk managed through credit approvals ..establishing credit limits and continuously monitoring the creditor thiness of customers
to which the Company grants credit terms in the normal course of business.

However, the company doesnot expect any losses from non-performance by these counter-parties apart from those already given in financials, and does not have any significant
concentration of exposures.

B. Cash and cash equivalents

The Company holds cash and cash equivalents with creditworthy banks of ^76.92 lacs. The credit worthiness of such banks is evaluated by the management on an on-going basis and is
considered to be good.

(iii) Liquidity risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. The Company has been taking measures to ensure that the Company’s cash
flow from business borrowing is sufficient to meet the cash requirements for the Company’s operations. The Company managing its liquidity needs by monitoring forecasted cash inflows
and outflows in day to day business. Liquidity needs are monitor endonvarious time bands, on a day to day and week to week basis, as well as on the basis of a rolling 30 day projections.
Net cash requirements are compared to available working capital facilities in order to determine head room or any shortfalls. Presently company’s objective is to maintain sufficient cash
to meet its operational liquidity requirements.

40 Additional regulatory information

(i) The Company does not have any benami property held in its name. 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 the Rules made thereunder.

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

(iii) There is no income surrendered or disclosed as income during the year in tax assessments under the Income Tax Act, 1961 (such as search or survey), that has not been recorded in
the books of account.

(iv) The Company has not traded or invested in cryptocurrency or virtual currency during the year.

(v) The Company does not have any charges or satisfaction of charges which are yet to be registered with the Registrar of Companies beyond the statutory period.

(vi) The Company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person or entity, including

foreign entities ("Intermediaries") with the understanding (whether recorded in writing or otherwise) that the Intermediary shall, whether directly or indirectly lend or invest in other
persons/entities identified in any other manner whatsoever by or on behalf of the Company (''ultimate beneficiaries'') or provide any guarantee, security or the like 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 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.

(viii) The Company does not have any transactions with companies struck off.

(ix) The Company has complied with the requirement with respect to the number of layers as prescribed under section 2(87) of the Companies Act, 2013 read with the Companies
(Restriction on number of layers) Rules, 2017.

Signed for the purpose of Identification.

For Kapish Jain & Associates For and on behalf of the Board of Directors

Chartered Accountants AAYUSH ART AND BULLION LIMITED

Firm''s Registration No. 022743N (Formerly known as AKM Creations Limited)

Sd/- Sd/-

Maulik Rajendrabhai Shah Piyush Parmar

Managing Director Director

Sd/- DIN: 07578813 DIN : 09634827

Amit Kumar Madheshia

Partner Sd/-

Membership No.: 521888 Pankaj Kumar Rawat

UDIN: Company Secretary

PAN : AVMPR0513N

Place : New Delhi
Date: 30 May 2025

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Mar 31, 2023

2.14 Provision, Contingent Liabilities and Contingent Assets:

A provision is recognised when the company has a present obligation as a result of past event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which reliable estimate can be made.If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, when appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognized as a finance cost.Contingent Assets and Contingent Liabilities are not recognized in the financial statements.

c. Terms/rights attached to equity shares

The Company has only one class of equity shares having par value of Rs. 10. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividend in Indian rupees.

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 distributions will be in proportion to the number of equity shares held by shareholder.

29 Financial risk management

The Company has exposure to the following risks arising from financial instruments:

(i) Market risk

(a) Interest rate risk;

(b) Commodity risk;

(ii) Credit risk and ;

(iii) Liquidity risk

Risk management framework

The Company’s activities expose it to a variety of financial risks, including market risk. The Company’s primary risk management focus is to minimize potential adverse effects of risks on its financial performance. The Company’s risk management assessment policies and processes are established to identify and analyse the risks faced by the Company, to set appropriate risk limits and controls, and to monitor such risks and compliance with the same. Risk assessment and management of these policies and processes are reviewed regularly to reflect changes in market conditions and the Company’s activities. The Board of Directors and the Audit Committee are responsible for overseeing these policies and processes.

(i) Market risk

Market risk is the risk of changes in the market prices on account of foreign exchange rates, interest rates and Commodity prices, which shall affect the Company''s income or the value of its holdings of its financial instruments . The objective of market risk management is to manage and control market risk exposure within acceptable parameters, while optimising the returns.

(a) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Company’s exposure to market risk for changes in interest rates relates to borrowings from banks and others.

(ii) 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 and arises principally from the company''s receivables from customer. The Company establishes an allowance for doubtful debts, impairement and expected credit loss that represents it estimate an allowance for doubtful debts, impairment and expected credit loss that represents its estimate on epected credit loss.

A. Trade receivables

The Company’s exposure to credit risk is influenced mainly by the individual characteristics of each customer. The demographics of the customer , including the default risk of the industry has an influence on credit risk assessment. Credit risk managed through credit approvals ,establishing credit limits and continuously monitoring the creditor thiness of customers to which the Company grants credit terms in the normal course of business.

However, the company doesnot expect any losses from non-performance by these counter-parties apart from those already given in financials, and does not have any significant concentration of exposures.

B. Cash and cash equivalents

The Company holds cash and cash equivalents with creditworthy banks of ?285.90 thousands. The credit worthiness of such banks is evaluated by the management on an ongoing basis and is considered to be good.

(iii) Liquidity risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. The Company has been taking measures to ensure that the Company’s cash flow from business borrowing is sufficient to meet the cash requirements for the Company’s operations. The Company managing its liquidity needs by monitoring forecasted cash inflows and outflows in day to day business. Liquidity needs are monitor endonvarious time bands, on a day to day and week to week basis, as well as on the basis of a rolling 30 day projections. Net cash requirements are compared to available working capital facilities in order to determine head room or any shortfalls. Presently company’s objective is to maintain sufficient cash to meet its operational liquidity requirements.

The below table summaries the maturity profile of the Company’s financial liability____

Particulars Carrying amount Contractual cash outflow

As at 31st March Total 1 year or less 1 -2 year 2-5 years > 5 years

Trade payable _0.71__0.71 _0.71

Other financial _7.40 _7.40 7.40

Other current _8.90 _8.90 8.90

Particulars Carrying amount Contractual cash outflow

As at 31st March Total 1 year or less 1 -2 year 2-5 years > 5 years

Trade payable _-__-_ _-__-__-__-_

Other financial _-__-_ 0.00 0.00 0.00 0.00

Other current _3.59 _3.59 3.59 0.00 0.00 0.00

30 The Company has not experienced any significant impact due to Covid-19 and as such on its liquidity position; the Company continues to be well geared to meet its funding needs. The Management believes that there will be no significant impact of this outbreak in continuing operations, financial position and in ability to continue as a going concern. The Company shall also continue to closely monitor any material changes arising of future economic conditions and potential impact on its business.

31 The financial statements were approved for issue by the Board of Directors on 30th May, 2023.

32 The Company did not have any long- term contracts including derivative contracts for which there were any material foreseeable losses.

33 There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the Company.

34 Previous year’s figures have been re-arranged or re- grouped wherever consider necessary.

35 Figures have been rounded off to the nearest thousands of rupees.

36 Figures in brackets indicate negative (-) figures.

37 The company does not have transactions with the companies struck off under section 248 of Companies Act ,2013.

Signed for the purpose of Identification.

For RKJS & Co LLP For and on behalf of the Board of Directors

Chartered Accountants CIN: U17291DL2009PLC196375

ICAI LLPIN : 323001E/E300058

Shalvi Sagar Patwa Sagar Amar Patwa

Managing Director Director

Narendra Kumar Patil DIN: 08869050 DIN : 06818710

Partner

Membership No.: 056113 Ayush Dholani

UDIN: Company Secretary

PAN : FXKPD3273A

Place : Mumbai Place : Mumbai

Date: 30 May 2023 Date: 30 May 2023