Notes to Accounts of Eighty Jewellers Ltd.

Mar 31, 2025

viii) Provision for Current and Deferred Tax

Deferred tax resulting from "timing difference" between taxable and accounting income is
accounted for using the tax rates and laws that are enacted or substantively enacted as on the
Balance Sheet date. Deferred tax asset or liability is recognised only when and to the extent that
there is virtual certainty that the asset will be realised in future.

ix) Previous year figures have been re-grouped/re-arranged wherever necessary to make them
comparable with current year figures.

x) The closing cash balance as on 31/03/2025 has been taken as certified by the management.

xi) There is no claim against the company not acknowledged as debt.

xii) There is no amount due and outstanding to be credited to Investor Education and protection
fund.

xiii) There is no such event occurred after the date of Balance-sheet of Material value which needs
disclosure in this account.

xiv) In the opinion of management the current assets, loans and advances have the value at which
they are stated in the balance-sheet, if any, if realised in the ordinary course of business.

xv) Since the company is engaged in the single segment item, segmental reporting in terms of
Accounting Standard 17 is not applicable.

xvi) In accordance with the accounting standard (AS-28) on "Impairment of assets" the management
during the year carried out an exercise of identifying the assets that may have been impaired in
respect of each cash generating unit in accordance with the said accounting standard. On the
basis of the review carried out by the management the assets there was no impairment loss on
fixed assets during the year ended 31/03/2025.

xvii) Micro, small and medium enterprise
The disclosures regarding is as under:-

a) Amount due and outstanding to the suppliers as at the end of the accounting year: Nil

b) Interest paid during the year:- Nil

c) Interest payable at the end of the accounting year:- Nil

d) Interest accrued and unpaid at the end of the accounting year have not been given :- Nil

xviii) i) In terms of Accounting Standard-18, the following transactions were entered into with the
related parties during the year under report :

For SEVGHAL & SEWAK For aud on behalf of the Board of Directors

Chartered Accountants
FRN: 011501C

sd/- sd/- sd/-

(CA R.K.PRADHAN) Nikesb Bardia Nitin Kumar Bardia

Partner Manning Director CFO & WTD

M, No.: 420169 DIN: 01008682 DIN: 01515731

Date: May 28^th. 2025

Place: Raipur (CG) sd/-

UDIN ;25420169BMKTCL5091 Rishika Vernia

(Company Secretary)

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Mar 31, 2024

Significant Accounting Policies and Notes on Accounts for the year ended 31.03.2024 OVERVIEW

EIGHTY JEWELLERS LIMITED (the Company)Formerly Known as Eighty Jewellers Pvt. Ltd.), is a company incorporated under The Companies Act, 1956 at A.T.Palace, Kotwali Chowk, Sadar Bazar, Raipur (C.G) vide Corporate Identification Number (CIN) L27205CT2010PLC022055 dated 15th September, 2010.It was further converted to Public Limited on 28th October, 2021. Significant Accounting Policies

i) Basis for preparation of Financial Statements

The financial statements have been prepared under the historical cost convention on accrual basis. The financial statements have been prepared to comply in all material respects with the mandatory Accounting standards issued by the Institute of Chartered Accountants of India and relevant provisions of The Companies Act. 2013. The accounting and reporting policies of the Company used in the preparation of these financial statements confirms to Generally Accepted Accounting Principles in India ("Indian GAAP")

ii) Revenue Recognition

Revenue is recognised only when it can be reliably measured and it is reasonable to expect ultimate collection. Revenue from operations includes sale of goods.

iii) Provisions

A provision is recognized when an enterprise 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 a reliable estimate can be made. Provisions are not discounted to the present value and are determined on the basis of best management estimate required to settle the obligation at the balance sheet date. These are further reviewed at each balance sheet date and are adjusted to reflect the current best management estimates.

iv) Estimates

The preparation of financial statements are in conformity with the generally accepted accounting principles in India ( Indian GAAP) requires estimates and assumptions to be made that affect the reported amount of assets and Liabilities on the date of financial statements and the reported amount of revenues and expenses during the reporting period. Difference between the actual result and estimates are recognized in the period in which the results are known/ materialized.

v) Plant Machinery & Equipment''s

Tangible assets

Fixed assets are carried at cost less accumulated depreciation and impairment (if any). Cost comprises of the purchase price and any attributable cost of bringing the assets to its working conditions for its intended use. The cost of internally constructed assets includes cost directly related to their construction.

Depreciation

Depreciation on tangible assets is provided on written down value (WDV) at the rates and in the manner prescribed In Schedule II of the Companies Act, 2013.

vi) Contingent Liabilities

Contingent Liabilities are generally not provided for in the accounts. However, there is no Contingent Liability.

vii) Investments

The current investments are carried at lower of cost and quoted/fair value.

viii) Provision for Current and Deferred Tax

Deferred tax resulting from "timing difference" between taxable and accounting income is accounted for using the tax rates and laws that are enacted or substantively enacted as on the Balance Sheet date. Deferred tax asset or liability is recognised only when and to the extent that there is virtual certainty that the asset will be realised in future.

ix) Previous year figures have been re-grouped/re-arranged wherever necessary to make them comparable with current year figures.

x) The closing cash balance as on 31/03/2024 has been taken as certified by the management.

xi) There is no claim against the company not acknowledged as debt.

xii) There is no amount due and outstanding to be credited to Investor Education and protection fund.

xiii) There is no such event occurred after the date of Balance-sheet of Material value which needs disclosure in this account.

xiv) In the opinion of management the current assets, loans and advances have the value at which they are stated in the balance-sheet, if any, if realised in the ordinary course of business.

xv) Since the company is engaged in the single segment item, segmental reporting in terms of Accounting Standard 17 is not applicable.

xvi) In accordance with the accounting standard (AS-28) on "Impairment of assets" the management during the year carried out an exercise of identifying the assets that may have been impaired in respect of each cash generating unit in accordance with the said accounting standard. On the basis of the review carried out by the management the assets there was no impairment loss on fixed assets during the year ended 31/03/2024.

xvii) Micro, small and medium enterprise The disclosures regarding is as under:-

a) Amount due and outstanding to the suppliers as at the end of the accounting year : Nil

b) Interest paid during the year :- Nil

c) Interest payable at the end of the accounting year :- Nil

d) Interest accrued and unpaid at the end of the accounting year have not been given :- Nil

The above information is based on the confirmation received from the suppliers as regards their status under the Act. However, all the suppliers have not confirmed about their status and the company is making efforts to get the confirmation from the suppliers as regards their status under the Act.

xviii) In terms of Accounting Standard-18, the following transactions were entered into with the related parties during the year under report :

a) Loan from Directors/Related Parties (Amount in Rs.)
Name of Director/Relative of Director	Opening Balance	Interest Paid	Closing Balance
Nikesh Bardia	23,35,730.00	66,140.00	59,526.00
Nitin Kumar Bardia	1,19,07,972.47	11,16,820.00	55,13,624.47
Tilokchand Bardia	2,86,210.00	7,728.00	0.00