Khazanchi Jewellers Ltd Directors Report

To,

The Members of

M/s. KHAZANCHI JEWELLERS LIMITED

(Formerly Known as KHAZANCHI JEWELLERS PRIVATE LIMITED)

Your directors have pleasure in presenting the 30th Annual Report on the business and operations of the Company and the accounts for the Financial Year ended 31-March-2025.

FINANCIAL SUMMARY OR HIGHLIGHTS / PERFORMANCE OF THE COMPANY:

(In Cr)

PARTICULARS	31-March-2025	31-March-2024
Sales	1,772.53	821.53
EBITDA	64.92	41.78
Finance Cost	3.73	4.80
Depreciation	0.34	0.27
Profit before Tax	60.86	36.71
Less: Tax	15.93	9.39
Profit after Tax	44.92	27.32

During the financial year (FY) 2024-2025, the company has achieved a total income of Rs. 1772.53 Crore as compared to Rs.

821.52 Crore in the financial year 2023-2024. The profit before tax for 2024-2025 stood at Rs. 60.86 Crore compared to Rs.36.71

Crore in the financialyear 2023-2024. The profit after tax for

2024-2025 stood at Rs. 44.92 Crore compared to Rs. 27.32 Crore in the financial year 2023-2024

DIVIDEND:

The Directors are pleased to recommend a Final Dividend of

Rs.0.50/- (5%) per equity share of face value of Rs.10/- each For

The Year Ended31-March-2025. Additionally, during the year, an

Interim Dividend of Rs.0.50/- per equity share was declared in the Board Meeting held on 12-November-2024

The final dividend, if approved, would be paid to members whose names appear in the Register of Members as on the record date fixed for this purpose. The dividend payment is based upon the parameters mentioned in the Dividend Distribution Policy approved by the Board.

Pursuant to Regulation 43A of SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015 ("the Listing

Regulations"), the Dividend Distribution Policy duly approved by the Board is available on the website of the Company and can be accessed at https://www.khazanchi.co.in/policies.html

TRANSFER OF UNCLAIMED DIVIDEND AND UNCLAIMED SHARES: In accordance with the provisions of Sections 124 and 125 of the Act and Investor Education and Protection Fund (Accounting, Audit, Transfer and Refund) Rules, 2016 ("IEPF Rules"), dividends which remain unpaid or unclaimed for a period of seven consecutive years from the date of transfer to the Unpaid Dividend Account shall be transferred by the Company to the Investor Education and Protection Fund ("IEPF"). In terms of the foregoing provisions of the Act, there was no dividend which remained outstanding or remained to be paid and required to be transferred to the IEPF by your Company during the year ended 31-March-2025

TRANSFER TO RESERVES:

The Board does not propose to transfer any amount to general reserve and has decided to retain the entire amount of profit for the Financial Year 2024-25 as appearing in the statement of profit and loss account for the purpose of business growth.

SHARE CAPITAL:

During the year under review, the Company has not altered/ modified its Authorised Share Capital

A. AUTHORISED CAPITAL

The authorised capital of the Company stood at Rs.

25,00,00,000/- (Rupees Twenty five crore only) divided into 2,50,00,000 (Two crore fifty lakhs only) Equity shares of Rs. 10/- (Rupees Ten) each.

B. PAID UP CAPITAL

The Paid up share capital of the Company stood at Rs. 24,74,69,000/- (Rupees Twenty four crore seventy four lakhs sixty nine thousand only) divided into 2,47,46,900 (Two crore forty seven lakhs forty six thousand nine hundred only) Equity shares of Rs. 10/- (Rupees Ten) each.

OTHER DISCLOSURES W.R.T. SHARE CAPITAL:

Your directors state that no disclosure or reporting is required in respect of the following items as there were no transactions on these items during the year under review:

a. Issue of equity shares with differential rights as to dividend, voting, or otherwise.

b. Issue of shares (including sweat equity shares) to employees of the Company under any scheme.

c. Issued any securities that are convertible into equity shares at a future date and nor any such shares are outstanding previously. d. Shares having voting rights not exercised directly by the employees and for the purchase of which or subscription to which loans was given by the company.

e. Buyback of any of its securities

DEPOSITS:

The Company has not accepted nor renewed any deposits falling within the purview of section 73 of Companies Act, 2013 read with Companies (Acceptance of Deposits) Rules, 2014 as amended from time to time, during the year under the review and therefore details mentioned in Rule 8(5)(v) & (vi) of Companies (Accounts) Rules, 2014 relating to deposits covered under chapter V is not required to be given.

BRIEF DESCRIPTION OF THE COMPANYS WORKING DURING THE YEAR/STATE OF COMPANYS AFFAIR & NATURE OF CHANGE IN BUSINESS:

The company is dealing in gold jewellery, bullion, diamonds and related products. There is no change in the nature of business during the year as compared to previous year

MATERIAL CHANGES AND COMMITMENTS:

No material changes and commitments, affecting the financial position of the company which have occurred between the end of the financial year of the company to which the financial statements relate and till the date of this report. and material

PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS

During the year under review, the company has not given loans, guarantees and investments covered under the provisions of Section 186 of the Act.

MANAGEMENT DISCUSSION & ANALYSIS REPORT

Pursuant to Regulation 34(2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements),

Regulations, 2015, a Management Discussion and Analysis Report is given above in Annexure - A

CORPORATE SOCIAL RESPONSIBILITY (CSR)

In accordance with the requirements of Section 135 of the Act, the Company has formulated a Corporate Social Responsibility Policy (CSR Policy) which is available on the website of the Company at https://www.khazanchi.co.in/policies.html

An Annual Report on CSR activities of the Company during the financial year 2024-25 as required to be given under Section

135 of the Act read with Rule 8 of the Companies (Corporate Social Responsibility Policy) Rules, 2014 has been provided as an Annexure - B to this Report.

RELATED PARTY TRANSACTIONS

The transaction entered with the related party transactions was in arms length basis and were carried out in the ordinary course of business during Financial Year 2024-25 and disclosure for same is given in Form AOC – 2 in Annexure – C

The Company has adopted policy on Related Party Transactions and can be accessed on the Companys website at https:// www.khazanchi.co.in/policies.html

VIGIL MECHANISM / WHISTLE-BLOWER POLICY FOR DIRECTORS AND EMPLOYEES.

The Company has formulated a comprehensive Whistle-blower Policy in line with the provisions of Section 177(9) and Section 177(10) of the Companies Act, 2013 with a view to enable the stakeholders, including Directors, individual employees to freely communicate their concerns about illegal or unethical practices and to report genuine concerns to the Audit Committee of the Company. The mechanism provides adequate safeguards against victimisation of Directors or employees who avail of the mechanism. The Vigil Mechanism policy has been placed on the website of the Company at https://www.khazanchi.co.in/policies.html

DISCLOSURE OF ORDERS PASSED BY REGULATORS OR COURTS OR TRIBUNAL: orders have been passed by any Nosignificant

Regulator or Court or Tribunal which can have an impact on the going concern status and the Companys operations in future.

ANNUAL RETURN

Pursuant to the amendments to Section 134(3)(a) and Section 92(3)oftheActreadwithRule12oftheCompanies(Management and Administration) Rules, 2014, the Annual Return (Form MGT-

7) for the financial year ended 31-March-2025 will be made available on the Companys website and can be accessed at https://www.khazanchi.co.in/annual-return.html

CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO:

Information pursuant to the provisions of Section 134 of the Companies Act, 2013 and the rules framed thereunder, relating to conservation of energy, technology absorption, foreign exchange earnings and outgo, forms part of this Report and is given at Annexure - D

DETAILS OF SUBSIDIARY/ JOINT VENTURES / ASSOCIATE COMPANIES:

The company is not having any Subsidiary / Joint Ventures / Associate Companies.

POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION AND OTHER DETAILS

The Company has, on the recommendation of the Nomination & Remuneration Committee, framed and adopted a Nomination and Remuneration Policy in terms of the Section 178 of the Act. The policy, inter alia, lays down the principles relating to appointment, cessation, remuneration and evaluation of directors, key managerial personnel and senior management personnel of the Company. The Nomination & Remuneration Policy of the Company is available on the website of the Company at https://www.khazanchi.co.in/policies.html

DIRECTORS & KEY MANAGERIAL PERSON:

The details of Directors, change in Directors and Key Managerial Person are mentioned below

S. No.	DIN / PAN	NAME	DESIGNATION
1.	07605326	Mr. Rajesh Mehta	Chairman and Jt. Managing Director
2.	01234768	Mr. Tarachand Mehta	Managing Director
3.	01642002	Mr. Goutham	Director
4.	10307277	Mrs. Rithika Bohra	Non Executive Director
5.	10332355	Mr. Tanuj Jain Susilkumar	Independent Director
6.	08102162	Mr. Naressh M Jain	Independent Director
7.	ANEPA9529R	Mr. Aashish Mehta	Chief Executive officer
8.	ABBPV5557B	Mr. Vikas Mehta	Chief Financial officer
9.	IAVPS9412R	Mrs. Sakshi Jain	Company Secretary

Appointment/Cessation/ change in designation of directors and KMP:

Name	DIN / PAN	Designation	Date of appointment
Mr. Rajesh Mehta	07605326	Appointed as Additional / Jt. Managing Director redesignated from the position of COO	12-November-2024
Mr. Rajesh Mehta	07605326	Designated as Chairman	11-February-2025
Mr. Tanuj Jain Susilkumar	10332355	Appointed as Additional cum Independent Director	12-November-2024
Mrs. Bijal Yogesh Durgavale	07403891	Resignation as Independent Director	12-November-2024
Mrs. Rithika Bohra	10307277	Regularization as Director	12-September-2024

Note: a) Mrs. Rithika Bohra director, retires by rotation at the ensuing annual general meeting and is eligible for reappointment.

Number Of Meetings Of The Board Of Directors:

5 Board Meetings were held during the Current Financial year and the gap between two meetings was not more than 120 days. The date of the meetings and the attendance of directors as given below

Date	Tarachand Mehta	Goutham	Naressh M Jain	Bijal Yogesh Durgavale	Rithika Bohra	Tanuj Jain Susilkumar	Rajesh Mehta
17-May-2024					X	NA	NA
09-August-2024						NA	NA
12-November-2024						NA	NA
11-February-2025				NA
28-March-2025				NA			x

COMMITEE DETAILS

A. AUDIT COMMITTEE

Terms of Reference

• Recommendation for appointment, remuneration and terms of appointment of auditors of the Company.

• Review and monitor the Auditors independence and performance and effectiveness of audit process

• Review with the Management the quarterly Financial Statements and the annual Financial Statements and the Auditors

Report thereon, before submission to the Board for approval, with particular reference to:

• matters required to be included in the Directors responsibility statement to be included in the boards report in terms of

Clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013.

• disclosure of any related party transactions.

• modified opinion(s) in the draft audit report

• Approval or any subsequent modification of transactions of the Company with related parties.

• Scrutiny of inter-corporate loans and investments.

• Valuation of undertakings or assets of the Company, wherever it is necessary.

• Evaluation of internal financial controls and risk management systems.

• Monitoring the end use of funds raised through public offers and related matters.

• To review the functioning of the whistle blower mechanism.

COMPOSITION, NAME OF MEMBERS AND CHAIRMAN

In terms of Section 177 of the Companies Act, 2013 read with Rule 6 of the Companies (Meetings of Board and its Powers) Rules, 2014, the Audit Committee of the Board of Directors consisting of below mentioned Directors as a practice of good governance:

(i) Mr. Naressh M Jain (DIN: 08102162) - Chairman (Independent Director) (ii) Mr. Tanuj Jain Susilkumar (DIN: 10332355) – Member (Independent Director) (iii) Mrs Rithika Bohra (DIN: 10307277) – Member (Non-executive Director) Note: (committee was re-constituted in Board meeting held on 12.11.2024)

Date	Naressh M Jain	Tanuj jain Susilkumar	Rithika Bohra	Bijal Yogesh Durgavale	Tarachand Mehta
17-May-2024		NA	NA
09-August-2024		NA	NA
12-November-2024		NA			NA
11-February-2025				NA	NA
28-March-2025				NA	NA

B. NOMINATION AND REMUNERATION COMMITTEE:

Terms of Reference

• Formulation of the criteria for determining qualifications, positive attributes and independence of a Director and recommend to the Board a policy, relating to the remuneration of the Directors, Key Managerial Personnel and other employees;

• For every appointment of an independent Director, the Nomination and Remuneration Committee shall evaluate the balance of skills, knowledge and experience on the Board and on the basis of such evaluation, prepare a description of the role and capabilities required of an

Independent Director. The person recommended to the Board for appointment as an Independent Director shall have the capabilities identified in such description.

• Formulation of criteria for evaluation of Independent Directors and the Board;

• Devising a policy on Board diversity;

• Identifying persons who are qualified to become Directors and who may be appointed in Senior Management in accordance with the criteria laid down and recommend to the Board their appointment and removal.

• Whether to extend or continue the term of appointment of the Independent Director, on the basis of the report of performance evaluation of Independent Directors.

• Recommend to the Board all remuneration, in whatever form, payable to Senior Managemen

COMPOSITION, NAME OF MEMBERS AND CHAIRMAN

In terms of Section 178 of the Companies Act, 2013 read with Rule 6 of the Companies (Meetings of Board and its Powers) Rules, 2014, the Company has constituted Nomination &

Remuneration Committee of the Board of Directors consisting of below mentioned Independent Directors as a practice of good governance:

(i) Mr. Naressh M Jain (DIN: 08102162) - Chairman (Independent Director) (ii) Mr.T anuj Jain Susilkumar (DIN: 10332355) – Member (Independent Director)

(iii)Mrs. Rithika Bohra (DIN: 10307277) – Member (Non-executive Director)

Note: (committee was re-constituted in Board meeting held on 12-November-2024)

Date	Naressh M Jain	Tanuj jain Susilkumar	Rithika Bohra	Bijal Yogesh Durgavale
09-August-2024		NA
12-November-2024		NA
11-February-2025				NA
28-March-2025				NA

C. STAKEHOLDERS RELATIONSHIP COMMITTEE:

In terms of section 178 of the Companies Act, 2013 read with Rule 6 of the Companies (Meetings of Board and its Powers) Rules, 2014 and Regulation 20 (1) of the SEBI

(Listing Obligations and Disclosure Requirement), 2015, the Company has constituted Stakeholders Relationship Committee of the Board of Directors and one meeting was conducted on 11-February-2025 and all directors were present: (i) Mr. Naressh M Jain (DIN: 08102162) - Chairman (Independent Director) (ii) Mr. Tanuj Jain Susilkumar (DIN: 10332355) – Member (Independent Director) (iii)Mrs. Rithika Bohra (DIN: 10307277) – Member (Non-executive Director) Note: (committee was re-constituted in Board meeting held on 12-November-2024)

MEETING OF INDEPENDENT DIRECTORS

In terms of requirements under Schedule IV of the Companies

Act, 2013 and Regulation 25 (3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a separate meeting of the Independent Directors was held on 11-February-2025The Independent Directors at the meeting, inter alia, reviewed the following.

• Performance of Non-Independent Directors and Board as a whole.

• Performance of the Chairman of the Company, taking into account the views of Executive Directors and Non-Executive Director.

• Assessed the quality, quantity and timeliness of flow of information between the Company Management and the Board that is necessary for the Board to effectively and reasonably perform their duties.

• Assessed the quality, quantity and timeliness of flow of information between the Company Management and the Board that is necessary for the Board to effectively and reasonably perform their duties.

All the Independent Directors of the Company have registered themselves with the Indian Institute of Corporate Affairs (‘IICA) towards the inclusion of their names in the data bank and they meet the requirements -assessment test.proficiencyself

The Company has received declarations of independence in accordance with the provisions of the Act as well as the LODR Regulations from all the Independent Directors

DECLARATION OF INDEPENDENT DIRECTORS

Pursuant to the provisions of Section 149 of the Act, the Independent Directors have submitted declarations that each of them meets the criteria of independence as provided in Section 149(6) of the Act along with Rules framed thereunder and Regulation 16(1)(b) of the SEBI Listing Regulations. There has been no change in the circumstances affecting their status as independent directors of the Company.

In the opinion of the Board, there has been no change in the circumstances which may affect their status as Independent

Directors of the Company and the Board is satisfied of the integrity, expertise, and experience (including proficiency in terms of Section 150(1) of the Act and applicable rules thereunder) of all Independent Directors on the Board. In terms of Rule 6 of the Companies (Appointment and Qualification of Directors) Rules, 2014, all Independent Directors of the Company have enrolled themselves on the Independent Directors Databank as on the date of this Report.

In accordance with the provisions of Regulation 25(7) of the

SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015, the Company has conducted familiarization programme for its Independent Director The details of such familiarization programme for Independent Directors have been disclosed on the website of the Company https://www. khazanchi.co.in/policies.html

SECRETARIAL STANDARDS

The Company has complied with the applicable provisions of Secretarial Standards 1 and 2 issued by the Institute of

Company Secretaries of India and notified by Ministry of

Corporate Affairs.

NON-EXECUTIVE DIRECTORS COMPENSATION AND DISCLOSURES:

None of the Independent/Non-Executive Directors have any pecuniary relationship or transactions with the Company which in the Judgement of the Board may affect the independence of the Directors.

PARTICULARS OF EMPLOYEES:

The information required under Section 197 of the Companies

Act, 2013 and the Rules made thereunder are annexed to this Report as Annexure- E.

AUDITORS AND AUDIT REPORTS

A. STATUTORY AUDITORS:

The shareholders of the company at the 28th Annual General Meeting held on 05-July-2023 appointed M/s. PSDY & Associates, FRN: 010625S Chartered Accountants, Pondicherry as the Statutory Auditors of the Company to hold office till conclusion of the Annual General Meeting to be held in the financial year 2027-2028. The Company has received confirmation from them that their appointment is within the limits specified under the Act and are eligible to continue as Auditors of the Company.

The Statutory Auditors have issued an unmodified opinion on the financialstatements of the Company For

The Year EndedMarch 31, 2025 and the Auditors Report for the year under review does not contain any qualification, reservation, adverse remark or disclaimer. The notes on financial statements referred to in the Auditors Report are self-explanatory and do not call for any further comments. The Statutory Auditors have not reported any instance of fraud committed in the Company by its officers or employees to the Audit Committee under

Section 143(12) of the Act.

The Auditors have not reported any frauds under subsection (12) of section 143 of the Companies Act, 2013.

B. SECRETARIAL AUDITORS

The Board of Directors, pursuant to the provisions of Section 204 of the Companies Act, 2013, appointed M/s. AK Jain and associates, Company Secretary in Practice, as the Secretarial Auditor of the Company, to carry out the Secretarial Audit for the Financial Year 2024-25. Secretarial Audit Report, issued by the Secretarial Auditor in Form No. MR-3 forms part of this Report and is annexed herewith as Annexure - F.

C. INTERNAL AUDITORS

The Board of Directors had appointed Mr. Mohanraj Perumal, Chartered Accountants as the Internal Auditor of the Company pursuant to the provisions of Section 138 of the Companies Act, 2013 for the Financial Year 2024-2025.

D. COST AUDIT

Your Company is not required to maintain cost records as specified under Section 148 of the Act and is not required to appoint Cost Auditors.

RISK MANAGEMENT POLICY:

The Company has a Proper Risk Management Policy towards Operations and Administrative affairs of the Company. The Directors review the Policy at regular intervals of time and ensure Proper Implementation of the Policy Formulated https:// www.khazanchi.co.in/policies.html

LISTING OF EQUITY SHARES:

Your Companys shares were listed with BSE Limited (BSE SME platform) on 07-August-2023. Your Company paid the Listing

Fees for the financial year 2025-26.

SEXUAL HARRASMENT OF WOMEN AT WORKPLACE:

The Company has zero tolerance towards sexual harassment at the workplace. During the Financial Year 2024-25, the Company has not received any complaints of sexual harassment. The company has formed Internal Complaint Committee to address issues pertaining to sexual harassment at work place, during the period under the review no complaint has been received to Internal Complaint Committee. During the year there were no complaints received or pending.

As per the notification of Ministry of Corporate affairs effective from 14-July-2025 the following disclosure is also being made:

a. Number of sexual harassment complaints received - NIL b. Number of complaints disposed of - NIL c. Number of cases pending for more than 90 days – NIL

BOARD EVALUATION:

The performance evaluation of Independent Directors was carried out by the entire Board of Directors, excluding the Director being evaluated. The criteria for evaluation was formulated in the Remuneration Policy of the Company and for the year 2024-25, the Independent Directors were evaluated, on the basis of a few parameters comprising of attendance at meetings either in person or through video / teleconferencing, participation in discussions on various items on the agenda, dealing with respect to conflict of interest situation and any specific ideas and contribution to the long term business strategy of the Company.

MATERNITY BENEFIT COMPLIANCE

The Company confirms that it has complied with the provisions of the Maternity Benefit Act, 1961 during the year under review, and has ensured that all eligible women employees received the benefits mandated under the Act.

ADEQUACY OF INTERNAL FINANCIAL CONTROLS AND COMPLIANCE WITH LAWS

The Company has in place adequate internal financial controls with reference to financial statements. During the year under review, such controls were tested and no reportable material weakness in the design or operation were observed

OTHER DISCLOSURES

During the year under review, your Company has:

(a) not made any application and no proceeding is pending under the Insolvency and Bankruptcy Code, 2016.

(b) not made any application for One Time Settlement (OTS) with any Banks or Financial Institution, hence there has been no disclosure pertaining to any details regarding the difference in valuation between a one-time settlement and valuation for obtaining loans from banks or financial institutions (c) The Company is covered under criteria of Regulation 15(2) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, and is not required to provide ‘Report on Corporate Governance (d) not paid any remuneration or commission to Managing Director or the Whole-time Directors of the Company from any of the subsidiary companies of the Company – Not applicable (e) Pursuant to Regulation 34(3) and Schedule V Para C clause (10) (i) of the SEBI (Listing Obligations and Disclosure

Requirements) Regulations,2015relatingtocertificateof non disqualification of directors is not applicable to the company as company has listed its specified securities on the SME Exchange.

(f) met all debt obligations and did not default in servicing any debts. (g) no agreements binding under clause 5A of paragraph A of Part A of Schedule III of the SEBI Listing Regulations, 2015.

DIRECTORS RESPONSIBILITY STATEMENT:

To the best of their knowledge, belief and according to the information and explanations obtained by them, your Directors make the following statements in terms of Section 134(3)(c) of the Companies Act, 2013: a) In the preparation of the annual accounts, the applicable accounting standards have been followed and that no material departures have been made for the same. b) appropriate accounting policies have been selected and applied consistently, and have made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company and of the Profit of the Company For The Year Ended31-

March-2025 c) proper and sufficientcare have been taken for maintenance of adequate accounting records in accordance with the provisions of this Act for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities, d) the annual accounts have been prepared on a going concern basis e) The Internal Financial Controls had been laid down, to be followed by the Company and that such Internal Financial

Controls are adequate and were operating effectively; and f) the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

CODEOFPRACTICESANDPROCEDURESFORFAIRDISCLOSURE OF UNPUBLISHED PRICE SENSITIVE INFORMATION

The Board has formulated Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information ("Fair Disclosure Code") for fair disclosure of events and occurrences that could impact price discovery in the market for the Companys securities and to maintain the uniformity, transparency and fairness in dealings with all stakeholders and ensure adherence to applicable laws and regulations. The copy of the same is available on the website of the Company at https://www.khazanchi.co.in/policies.html

GREEN INITIATIVES

In commitment to keep in line with the Green Initiatives and going beyond it, electronic copy of the Notice of 30th Annual General Meeting of the Company including the Annual Report for FY 2024-25 are being sent to all Members whose e-mail addresses are registered with the Company / Depository Participant(s).

ACKNOWLEDGEMENTS:

Your Directors take this opportunity to acknowledge all stakeholders of the Company viz members, customers, suppliers, bankers, business partners/associates, financial institutions and various regulatory authorities for their consistent support/encouragement to the Company.

FOR AND BEHALF OF THE BOARD OF DIRECTORS

KHAZANCHI JEWELLERS LIMITED

(Formerly Known as Khazanchi Jewellers Private Limited)

RAJESH MEHTA

CHAIRMAN AND JT. MANAGING DIRECTOR

DIN: 07605326

PLACE: CHENNAI

DATE: 14-August-2025