Notes to Accounts of Jonjua Overseas Ltd.

Mar 31, 2024

L PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS:

Provisions are recognised for liabilities that can be measured only by using a substantial degree of estimation, if

- The Company has a present obligation as a result of a past event

- A probable outflow of resources is expected to settle the obligation and

- The amount of the obligation can be easily estimated.

Contingent Liability is disclosed in the case of

- A present obligation arising from a past event, when it is not probable that an outflow of resources will be required to settle the obligation.

- A possible obligation, unless the probability of outflow of resources is remote.

Depending on facts of each case and after due evaluation of relevant legal aspects, claims against the Company not acknowledged as debts
are disclosed as contingent liabilities. In respect of statutory matters, contingent liabilities are disclosed only for those demand(s) that are
contested by the Company.

Contingent Assets are neither recognised nor disclosed.

M. EARNINGS PER SHARE:

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted
average number of equity shares outstanding during the period. The weighted average numbers of equity shares outstanding during the period
are adjusted for events of bonus issue.

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

N. IMPAIRMENT OF ASSETS:

As at each balance sheet date, the carrying amount of assets is tested for impairment so as to determine,

a. The provision for impairment loss, if any, required or

b. The reversal, if any, required of impairment loss recognised in previous periods.

Impairment loss is recognised when the carrying amount of an asset exceeds its recoverable amount.

O. CLASSIFICATION OF ASSETS AND LIABILITIES AS CURRENT AND NON-CURRENT:

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

nim!*^ *""* *"** “ *“^c*"¹ ***¦ to csh tom M w* bW|r (qnub of prtndpal and rtarrs) on V* pTiJ^ nui

.......-*"«*

n-_, j ,^-j a, _*Tj?**^J*^t "¦¦¦id * Far Vafca fra^i Khar tnmpntufra Ingma il h hdd far bolh cniaaine confracfcal adi

^ ij-?r~jTT ¹011 *“ ^alrtT*^:,1¦^, torra o* ®» kmd era gh« m on 1—*-« d^n to ~k kss M «• aoMy

on fte prircial enowi oubbndng.

lniLJj»a n ¦*»&-¦» ¦ktfaimm$. Kir. In Da «apaRa tnancad aurraan
nnaaaa^unUi**»¦*¦ Wan itfipmRorlogfFVTFU:

FWaaK^fcdaaLfcaT* *^1,11 h ¦W ** ** <=Rfljariaa are aAoaquerWy naaarad a hr taka trough profit or tan.

"* ^ ® *" **¦*¦¹¹ • tccaiytv MartiaomaaRobfrvakadaletashodoairtYof tase Irnfrunarti.

“ nrnaitliiiortancUtaaMi:

?¦ f *»<»»*»«*¦< nefti to 5a fra fhandaf mat ppr» tr i franrfoi »q

uamlmlad *»»»''“*- V^fm brdoaanRiiunattorlndAS''HB. Attwralbtay (or a part of a frwoR M^y) b tteacoytoad
from too Cnapanyre Ratanc* Shan teon Ba att^on Racfcd to #¦ ar*ol b (fcc»ia(Rd or tar^ad a txprm.

AUTHORS FETORT / For t an total) of tot bead

Aa par car *aare»a report oloyao dare /

FOR MIN 4 ASSOCIATES - J . l<. -

_v M Jf$f ''''^VYv wWwER SJMGtt JOtUUA MAIMER KAUR JOHJUA RAN81R KAUft JONJUA

V 1/ ?( Cfwxflaamlwi) (WHOtE TK DIRECTOR) (CHIEF FTMANC1AL OFTKl

f\vV/V/\ln\ y*ll DIN Na: 00696224 DM Ha : 1STD86J

^ %=# •
KRSHANUAMC^WA ^===5^

1P*Vm) . CSJASU1NDERKAUR

“ No : 513235 (Company Sacntay)

Placa UOKAU