29. Basic earnings per share
Basic earnings per equity share are calculated by dividing the net profit for the year/period attributable to equity shareholders (after deducting attributable taxes) by weighted average number of equity shares outstanding during the year/period. The weighted average number of equity shares outstanding during the year/period is adjusted for event of fresh issue of shares to the shareholder in accordance with Accounting Standard 20 on Earnings per share as specified under section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 (os amended), the following is the calculation of the basic earnings per shore:
a: The improvement in the current ratio is primarily due to an inc'ease in current assets, including -eceivables and cash equivalents, and a reduction in current liaoilities.
b:Tho significant drop in the dobt-oq j'ty -atio is cue to infusion of equity capital during the year.
c: Improved debt service coverage ratio improved primarily due to an Increase in ooerating profitability and reduction in finance costs.
d: A slight decline in ROE is primarily attributable tc an increase in the equity base cue to capital infusion, while the net profit has romained largely stable. As ROE is calculated as Not Profit dlvidcc by Averago Equity, tno disprooortionato growth betweon the numerator and denominator has led to a marginal decline In the ratio.
e: A marginal decline in inventory turnover, primarily due to higher average inventory levels maintained during tne year, f: The improvement in the interest service coverage ratio is mainly attributable to higher operating earnings.
g: The improvement trade receivables turnover ratio is primarily due to faster realization of dues, strengthened collection mechanisms, and tighter credit controls imolementec during the yean
h. Data for trade payables turnover ratio Is not available, due to insignificant amount of accounts payable during the year.
i. The Net Capital Turnover Ratio declined is primarily due to an increase in ret working capital on account cf higher receivables and inventory levels.
j: The not profit 'atio improved primarily due to higher operating margins and a reduction in finance costs.
k:The return on capital employee (ROCE) fncreasec primarily due tc an Increase In operating pmflt and improved working capital efficiency.
31. Thoro aro no Micro and Small Enterprises, to whom the Company owes duos as at 31 March 2C25. Further no intcrost was paid/ payable during the period to sjch enterorlses. This Information as reculred to oe clsclosed under the Micro. Small and Medium Enterprise Development Act. 2006. has been determined tc the extent such parties nave been ident'fied on the basis of information available with the Company. This has been relied upon oythe statutory auditors oi the Compary.
32. Segment reporting
Primarysegment information
The activities of the company comprises of only one ’business segment’ i.e. trades or business of manufacturing, making, buying and selling in ornaments, articles, bar, coins and jewellers of a I kinds in Gold and Silver. As the company s business falls with single primary business segment .tne financial statements arc reflective of the information rccuired by Accounting Standard -"Segment Reporting-
Secondary segment information
The entire operations of the company are within I ndia which is considered a single segment.The secondary segment reporting based on geographical ocation of its customers Is a so not aoplicaoloto company.
33. Additional disclosures
(i) During the year there were no proceedings have been in'tioted or pend'ng against tne Company Ý'or holding any benami property under the Benami Transactions (Prohibition) Act. 1988 and 'ulcs made thereunder.
(II) The Company has taken short-term cash credit from HDFC banks on tne basis of the security of current assets. It has been used for the purpose of working capital.
(iii) The Company is not declared as wilful defau ter by any oank or financial institution or other lender.
(iv) The Company has not entered into any transaction with comoan'cs struck off under section 248 of the Companies Act. 2013 or section 560 of Comparies Act. 1956.
(v) No charges or satisfaction yet to be registered with ROC beyord the statu tory per od.
(vi) The Company has complied with the number of layers prescribed urder clause (87) cf section 2 of the Act read w th Companies (Restriction on number of Layers) Rules. 2017.
(vii) No Scheme of Arrangements has been approved by tno Competent Authority in terms o'* sections 230 to 237 of tho Companies Act. 2013.
(viii) There are no such transaction or undisclosed income that need to be disclosed in accordance with prcvision of Companies Act. 2013.
(ix) The Company has net tradod or invested in Cryptc currency or virtual currency during tho financial year.
(x) There is no Income earned from any foreign source during the financial year. Accordingly, the income from foreign sources is reflected as NIL in the financial statements.
(xi) Utilisation of borrowed funds and share premium.
(a) 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(s) or entity(ies). including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall:-
i. Directly or indirectly end or invest in other oersons or entit'es identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or
ii. Provide any guarantee, security or the like to or on behalf of tne Ultimate Benefic'ar es;
(b)The Company has not receivec any fund •‘rom any person(s) or entity(ies). including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that tne Company shall
i. Directly or indirectly lend or invest in other persors cr entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or
II. Provide any guarantee, security or the like on beha f of the Ultimate Beoe^ielades.
34. Previous year's figures have been re-arranged or re-grcupeo wherever considered necessary to confirm with the current year's presentation.
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