2.8 Provisions and Contingent liabilities

Provisions are recognized when the Company has a present obligation (legal or constructive)
as a result of a past event, it is probable that an outflow of resources embodying economic
benefits will be required to settle the obligation and a reliable estimate can be made of the
amount of the obligation. Provisions are measured at the best estimate of the expenditure
required to settle the present obligation at the Balance Sheet date.

Contingent liabilities are disclosed when there is a possible obligation arising from past events,
the existence of which will be confirmed only by the occurrence or non-occurrence of one
or more uncertain future events not wholly within the control of the company or a present
obligation that arises from past events where it is either not probable that an outflow of
resources will be required to settle the obligation or a reliable estimate of the amount cannot
be made.

2.9 Income Taxes & Deferred Taxes

Tax expense recognized in Standalone Statement of Profit and Loss comprises the sum of
deferred tax and current tax.

Current tax is determined as the tax payable in respect of taxable income for the year and
is computed in accordance with relevant tax regulations. Current income tax relating to
items recognized outside profit or loss is recognized outside profit or loss (either in other
comprehensive income or in equity).

Deferred tax is recognize on temporary differences between the carrying amount of asset and
liabilities in the financial statement and the corresponding tax bases used in computation of
taxable profit under Income Tax Act, 1961.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in
the year when the asset is realized or the liability is settled, based on tax rates (and tax laws)
that have been enacted or substantively enacted at the reporting date. Deferred tax relating
to items recognized outside profit or loss is recognized outside profit or loss (either in other
comprehensive income or in equity).

Deferred tax assets and deferred tax liabilities are off set, if a legally enforceable right exists to
set off current tax assets against current tax liabilities and the deferred taxes relate to the same
taxable entity and the same taxation authority.

2.10 Cash and Cash Equivalents

Cash and cash equivalents are short-term [three months or less from the date of acquisition],
highly liquid investments that are readily convertible into cash and which are subject to an
insignificant risk of changes in value.

2.11 Functional & Presentation Currency

These Financial Statements are presented in Indian Rupees [INR], which is also Company’s
Functional Currency.

2.12 Earnings per share

The Company presents basic and diluted earnings per share [''''EPS"] data for its equity shares.

Basic EPS is calculated by dividing the net profit for the period attributable to equity
shareholders of the Company by the weighted average number of equity shares outstanding
during the period.

Diluted EPS is calculated by dividing the net profit for the period attributable to equity
shareholders and the weighted average number of equity shares outstanding for the effects of
all dilutive potential equity shares.

2.13 Operating lease

Lease arrangements where the risks and rewards incidental to ownership of an asset
substantially remain with the lesser, are recognized as operating lease. Operating lease
payments are recognized on a straight line basis over the lease term in the statement of profit
and loss, unless the lease agreement explicitly states that increase is on account of inflation.

2.14 Cash Flow Statement

Cash flows are reported using indirect method as set out in Ind AS -7 "Statement of Cash
Flows”, whereby profit / [loss] before tax is adjusted for the effects of transactions of non-cash
nature and any deferrals or accruals of past or future cash receipts or payments. The cash
flows from operating, investing and financing activities of the Company are segregated based
on the available information.

The net cash flow from operating activities is determined by adjusting net profit or loss for the
effects of:

[i] Changes during the year in inventories and operating receivables and payables,

[ii] Non-cash items such as depreciation, provisions, deferred taxes, and unrealized foreign
exchange gains and losses, and

[iii] All other items for which the cash effects are on investing or financing cash flows

2.15 Financial instruments

A financial instrument is any contract that gives rise to a financial asset of one entity and a
Financial Liability or equity instrument of another entity.

(i) Financial assets:

Initial recognition and measurement

All financial assets are recognized initially at fair value plus, in the case of financial assets
not recorded at fair value through statement of profit and loss, transaction costs that are
attributable to the acquisition of the financial asset

Financial assets are classified, at initial recognition, as financial assets measured at fair value
or as financial assets measured at amortized cost.

Subsequent Measurement

For purpose of subsequent measurement financial assets are classified in two broad categories: -

(i) Financial Assets at fair value

00 Financial assets at amortized cost

Where assets are measured at fair value, gains and losses are either recognized entirely in the
statement of profit and loss, or recognized in other comprehensive income.

A financial asset that meets the following two conditions is measured at amortized cost:

• Business Model Test: The objective of the company''s business model is to hold the financial
asset to collect the contractual cash flows.

• Cash flow characteristics test: The contractual terms of the financial asset give rise on
specified dates to cash flows that are solely payment of principal and interest on the principal
amount outstanding.

A financial asset that meets the following two conditions is measured at fair value through OCI:-

• Business Model Test: The financial asset is held within a business model whose objective is
achieved by both collecting contractual cash flows and selling financial assets.

• Cash flow characteristics test: The contractual terms of the financial asset give rise on
specified dates to cash flows that are solely payment of principal and interest on the principal
amount outstanding.

All other financial assets are measured at fair value through profit and loss.

(ii) Financial Liabilities

All financial liabilities are initially recognized at fair value and, in the case of loans and
borrowings and payables, net of directly attributable transaction costs. Financial liabilities are
classified as measured at amortized cost or fair value through profit and loss (FVTPL).

A financial liability is classified as FVTPL if it is classified as held for trading, or it is a derivative
or is designated as such on initial recognition. Financial Liabilities at FVTPL are measured at
fair value and net gain or losses, including any interest expense, are recognized in statement of
profit and loss.

Other financial liabilities are subsequently measured at amortized cost using the effective
interest method. Interest expense and foreign exchange gains and losses are recognized in
statement of profit and loss. Any gain or loss on de-recognition is also recognized in statement
of profit and loss.

2.16 Fair Value Measurement

Fair value is the price that would be received to sell an asset or paid to transfer a liability in
an orderly transaction between market participants at the measurement date. The fair value

measurement is based on the presumption that the transaction to sell the asset or transfer the
liability takes place either:

[i] In the principal market for the asset or liability, or

[ii] In the absence of a principal market, in the most advantageous market for the asset or
liability.

The principal or the most advantageous market must be accessible by the Company. The fair value
of an asset or a liability is measured using the assumptions that market participants would use
when pricing the asset or liability, assuming that market participants act in their economic best
interest.

A fair value measurement of a non-financial assettakes into account a market participant''s ability to
generate economic benefits by using the asset in its highest and best use or by selling it to another
market participant that would use the asset in its highest and best use.

All assets and liabilities for which fair value is measured or disclosed in the financial statements
are categorized within the fair value hierarchy, described as follows, based on the lowest level input
that is significant to the fair value measurement as a whole:

Level 1 — Quoted [unadjusted] market prices in active markets for identical assets or liabilities.

Level 2 — Valuation techniques for which the lowest level input that is significant to the fair value
measurement is directly or indirectly observable.

Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value
measurement is unobservable.

For the purpose of fair value disclosures, the Company determines classes of assets and liabilities
on the basis of the nature, characteristics and risks of the asset or liability and the level of the fair
value hierarchy as explained above.

Note 20: Valuation of Inventory

There is no inventory held by company during the year.

Note 21: Loans and Advances

In the opinion of the Board of directors the value on realization of loans, advances and current
assets in the ordinary course of business is not less than the amount at which they are stated in the
Balance Sheet and provisions for all known liabilities has been made.

Company has given advances against purchase of property to various third parties during the
previous years. Following are the details of amount o/s as on 31.03.2026:

Further, the company has given loans to various parties during the current year and previous years.
As per the signed agreement between company and the party, interest is to be paid on quarterly
basis, if not paid within the timelines as agreed in the agreement, then interest on interest @12%
shall carry for the period of delay. Following are the details of amount o/s on 31.03.2026 for various
parties:

Among the companies mentioned above, the Company has not received any amount towards
repayment of loan or interest accrued from SSPN Finance Ltd., Maa Pahari Mercantiles Pvt. Ltd.,
and M R C Agrotech Ltd. since F.Y 2023-24.

However, Transactions are through Banking Channels and nothing in Cash

Company have sent multiple Demand/ Recovery Notice(s) via Email & Speed- Post demanding
payment of all the Total Dues, etc and also has engaged the professional services of an Advocate/
Lawyer to send Legal Notices, to file Recovery Suits, etc., and we have send Legal Notices to the
said Parties.

The matters/ issues are under constant Follow-up.

Management has stated that all of the above are Considered Good.

Note 22: Amount due to entities registered under MSMED Act

Note 23:

Balance of sundry debtors, creditors and loans & advances are subject to direct confirmations,
reconciliations and adjustments, which are made available.

Note 24: Discounting of security deposits for leases

Security deposits for leases have been recognized at discounted value and the difference between
undiscounted and discounted value has been recognized as ‘Prepaid expense for Rent’, which has
been amortized over respective lease term as rent expense under ''Finance Cost''. The discounted
value of the security deposits is increased over the period of lease term by recognizing the notional
interest income under ''other income''.

Management has observed that the tenure of lease term of Security Deposit for rent expense has
expired in the FY 2020-21. Hence, it has come to the original cost i.e., Rs. 5,00,000 in the F.Y.2020-21.

Previous Year’s figures have been regrouped & rearranged wherever found necessary to confirm
current year''s classification.

Note 29: Related Party Disclosure

In accordance with Ind AS - 24 "Related party disclosures" along with aggregate amount of
transactions as identified and certified by the management are given as follows:

Operating segments are defined as components of an enterprise for which discrete financial
information is available that is evaluated regularly by the chief operating decision maker, in deciding
how to allocate resources and assessing performance. The Company''s chief operating decision
maker is the Directors. The Company has functioned under a single line of operations and has not
diversified business operations, so there is no separate business/geographical segment as per Ind
AS 108, ‘Operating Segments’.

The decrease in the current ratio during the year was primarily attributable to a higher increase in
current liabilities, particularly current tax liabilities and trade payables, as compared to the increase
in current assets. Although current assets increased during the year, the proportionately larger rise
in short-term obligations resulted in a decline in the current ratio.

Return on Equity

The increase in Return on Equity during the year was primarily by higher Profit After Tax, due to
increase in revenue from operations and improved operating efficiency, which led to a stronger
profit margin. This resulted in better utilization of shareholders'' funds, thereby improving ROE
compared to the previous year.

Net Profit Ratio

The increase in net profit ratio during the year was primarily due to higher profit after tax driven
by improved revenue from operations and better control over overall expenses. This resulted
in improved profitability margins despite increase in cost base, leading to better efficiency in
conversion of revenue into net profit.

The Net Capital Turnover Ratio decreased during the year primarily due to a proportionately
higher increase in net working capital compared to revenue from operations. Although revenue
from operations increased during the year, the increase in current assets, particularly cash and
other financial assets, led to higher working capital, resulting in lower efficiency in utilization of
net capital employed.

Return on Capital Employed Ratio

The Return on Capital Employed increased during the year , mainly due to higher earnings before
interest and tax (EBIT). This improvement was driven by growth in revenue from operations and
better cost efficiency, resulting in improved profitability and more efficient utilization of capital
employed.

2.8 Provisions and Contingent liabilities

Provisions are recognized when the Company has a present obligation (legal or constructive) as a result of a
past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the
obligation and a reliable estimate can be made of the amount of the obligation. Provisions are measured at the
best estimate of the expenditure required to settle the present obligation at the Balance Sheet date.

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of
which will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not
wholly within the control of the company or a present obligation that arises from past events where it is either not
probable that an outflow of resources will be required to settle the obligation or a reliable estimate of the amount
cannot be made.

2.9 Income Taxes & Deferred Taxes

Tax expense recognized in Standalone Statement of Profit and Loss comprises the sum of deferred tax and
current tax.

Current tax is determined as the tax payable in respect of taxable income for the year and is computed in
accordance with relevant tax regulations. Current income tax relating to items recognized outside profit or loss is
recognized outside profit or loss (either in other comprehensive income or in equity). Deferred tax is recognize
on temporary differences between the carrying amount of asset and liabilities in the financial statement and the
corresponding tax bases used in computation of taxable profit under Income Tax Act, 1961.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the

asset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or
substantively enacted at the reporting date. Deferred tax relating to items recognized outside profit or loss is
recognized outside profit or loss (either in other comprehensive income or in equity).

Deferred tax assets and deferred tax liabilities are off set, if a legally enforceable right exists to set off current tax
assets against current tax liabilities and the deferred taxes relate to the same taxable entity and the same
taxation authority.

2.10Cash and Cash Equivalents

Cash and cash equivalents are short-term (three months or less from the date of acquisition), highly liquid
investments that are readily convertible into cash and which are subject to an insignificant risk of changes in
value.

2.11 Functional & Presentation Currency

These Financial Statements are presented in Indian Rupees (INR), which is also Company’s Functional
Currency.

2.12 Earnings per share

The Company presents basic and diluted earnings per share (“EPS”) data for its equity shares.

Basic EPS is calculated by dividing the net profit for the period attributable to equity shareholders of the
Company by the weighted average number of equity shares outstanding during the period.

Diluted EPS is calculated by dividing the net profit for the period attributable to equity shareholders and the
weighted average number of equity shares outstanding for the effects of all dilutive potential equity shares.

2.13 Operating lease

Lease arrangements where the risks and rewards incidental to ownership of an asset substantially remain with
the lesser, are recognized as operating lease. Operating lease payments are recognized on a straight line basis
over the lease term in the statement of profit and loss, unless the lease agreement explicitly states that increase
is on account of inflation.

2.14 Cash Flow Statement

Cash flows are reported using indirect method as set out in Ind AS -7 “Statement of Cash Flows”, whereby profit /
(loss) before tax is adjusted for the effects of transactions of non-cash nature and any deferrals or accruals of
past or future cash receipts or payments. The cash flows from operating, investing and financing activities of the
Company are segregated based on the available information.

The net cash flow from operating activities is determined by adjusting net profit or loss for the effects of:

(i) Changes during the year in inventories and operating receivables and payables,

(ii) Non-cash items such as depreciation, provisions, deferred taxes, and unrealized foreign exchange
gains and losses, and

(iii) All other items for which the cash effects are on investing or financing cash flows

2.15 Financial instruments

A financial instrument is any contract that gives rise to a financial asset of one entity and a Financial Liability or
equity instrument of another entity.

(i) Financial assets:

Initial recognition and measurement

All financial assets are recognized initially at fair value plus, in the case of financial assets not recorded at fair
value through statement of profit and loss, transaction costs that are attributable to the acquisition of the financial
asset.

Financial assets are classified, at initial recognition, as financial assets measured at fair value or as financial
assets measured at amortized cost.

Subsequent Measurement

For purpose of subsequent measurement financial assets are classified in two broad categories: -

(i) Financial Assets at fair value

(ii) Financial assets at amortized cost

Where assets are measured at fair value, gains and losses are either recognized entirely in the statement of
profit and loss, or recognized in other comprehensive income.

A financial asset that meets the following two conditions is measured at amortized cost:

• Business Model Test:

The objective of the company’s business model is to hold the financial asset to collect the contractual cash
flows.-

• Cash flow characteristics test:

The contractual terms of the financial asset give rise on specified dates to cash flows that are solely
payment of principal and interest on the principal amount outstanding.

A financial asset that meets the following two conditions is measured at fair value through OCI:-

• Business Model Test:

The financial asset is held within a business model whose objective is achieved by both collecting
contractual cash flows and selling financial assets.

• Cash flow characteristics test:

The contractual terms of the financial asset give rise on specified dates to cash flows that are solely
payment of principal and interest on the principal amount outstanding.

All other financial assets are measured at fair value through profit and loss.

(ii) Financial Liabilities

All financial liabilities are initially recognized at fair value and, in the case of loans and borrowings and payables,
net of directly attributable transaction costs. Financial liabilities are classified as measured at amortized cost or
fair value through profit and loss (FVTPL).

A financial liability is classified as FVTPL if it is classified as held for trading, or it is a derivative or is designated as
such on initial recognition. Financial Liabilities at FVTPL are measured at fair value and net gain or losses,
including any interest expense, are recognized in statement of profit and loss.

Other financial liabilities are subsequently measured at amortized cost using the effective interest method.
Interest expense and foreign exchange gains and losses are recognized in statement of profit and loss. Any gain
or loss on de-recognition is also recognized in statement of profit and loss.

2.16 Fair Value Measurement

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date. The fair value measurement is based on the
presumption that the transaction to sell the asset or transfer the liability takes place either:

(i) In the principal market for the asset or liability, or

(ii) In the absence of a principal market, in the most advantageous market for the asset or liability.

The principal or the most advantageous market must be accessible by the Company. The fair value of an asset or
a liability is measured using the assumptions that market participants would use when pricing the asset or
liability, assuming that market participants act in their economic best interest.

A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate
economic benefits by using the asset in its highest and best use or by selling it to another market participant that
would use the asset in its highest and best use.

All assets and liabilities for which fair value is measured or disclosed in the financial statements arecategorized
within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair
value measurement as a whole:

Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or liabilities.

Level 2 — Valuation techniques for which the lowest level input that is significant to the fair value measurement
is directly or indirectly observable.

Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value measurement
is unobservable.

For the purpose of fair value disclosures, the Company determines classes of assets and liabilities on the basis
of the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy as explained
above.

Note 20: Valuation of Inventory

There is no inventory held by company during the year.

Note 21: Loans and Advances

In the opinion of the Board of directors the value on realization of loans, advances and current assets in the ordinary
course of business is not less than the amount at which they are stated in the Balance Sheet and provisions for all known
liabilities has been made.

Company has given advances against purchase of property to various third parties during the previous years. Following
are the details of amount o/s as on 31.03.2024:

Note 23:

Balance of sundry debtors, creditors and loans & advances are subject to direct confirmations, reconciliations and
adjustments, which are made available.

Note 24: Discounting of security deposits for leases

Security deposits for leases have been recognized at discounted value and the difference between undiscounted and
discounted value has been recognized as ‘Prepaid expense for Rent’, which has been amortized over respective lease
term as rent expense under ‘Finance Cost’. The discounted value of the security deposits is increased over the period of
lease term by recognizing the notional interest income under ‘other income’.

Management has observed that the tenure of lease term of Security Deposit for rent expense has expired in the FY 2020¬
21. Hence, it has come to the original cost i.e., Rs. 5,00,000 in the F.Y.2020-21.

Reasons for Deviation in Ratios for more than 25% as compared to the preceding year:

Current Ratio

During the Current Year, Loans and Advances against purchase of property, etc. has been recovered from third parties.
Thus, there is decline in Non-Current Assets and increase in Current Assets (Cash & Cash Equivalents) and therefore
leading to rise in current ratio.

Return on Equity

The ratio has improved significantly due to better performance by the company. This is because of growth in gross profit by
approx. 25% and reduction in other expenses by 60% during the current financial year, resulting in rise of Net Profit after
Tax by 45% and therefore provides better return to Equity Shareholders.

Net Capital Turnover Ratio

There has been increase in Revenue From Operation by around 50% as compared to the preceding year due to which the
ratio has improved and thereby resulting in Higher Net Capital turnover Ratio.

Return on Equity and Return on Capital Employed Ratio

There is drastic reduction in other expenses of the company. This is majorly due to reduction in management &
consultancy fees by around 90%, but decrease in gross profit results into decrease in net profit of the company. Hence,
the net profit ratio and return on capital employed has fallen..

As per our Report of even date attached

F_or g. K. K_edia & C_o. For Decorous Investment & Trading Co. Ltd.

Chartered Accountants

Raj Kumar Gupta Amit Gupta

wTd & CFO Director

Kanishka Agarwal DIN: 00074532 DIN: 00074483

Partner

M No 544129 Preetika Mishra-A32490

Pl_ace: N_ew D_elhi Company Secretary cum Compliance Officer

Date : 21.05.2024

1. Decorous Investment & Trading Co. Limited ("the Company") was incorporated on November 22, 1982 to Invest in properties, debentures, securities, and to do the business of promoters, investment consultants etc. Certificate of Commencement of Business was issued on December 15,1982.

2. At the meeting of Board & Shareholders held on 23rd Day of August, 2014 & 29th day of September, 2014 respectively. MOA& AOA were amended and Certificate of Registration of the Special Resolution Confirming Alteration of Object Clause(s) dated 17.11.2014 received from ROC and the company is now carrying on the principal business of Gems & Jewellery, Bullion, etc.

3. The company has one class of equity shares having a par value of Rs. 10/- per share. Each shareholder is eligible for one vote per share held. In the event of liquidation, the equity shareholders shall be eligible to receive any of the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding. The amount distributed will be in proportion to the number of equity shares held by the shareholders.

4. Related Party Disclosures

a) Name of the Related Parties: Key Management Personnel

1. Sh. P.N. Baidya - Director

2. Sh. Raj Kumar Gupta-WTD& CFO

3. Smt Lalita Mittal - Director

4. Sh. Pankaj Aggarwal - Director

5. Sh. Amit Gupta - Director

6. Sh. Mohit Kumar - CS

Enterprises over which Key Management Personnel / Shareholders/ Relatives have significant influence

b) Transactions with Related Parties

Nature of Transaction Key Management Enterprises over which Key Personnel Management Personnel/ Shareholders/ Relatives have significant influence

Loan/Advances received - -

Loan/Advances repaid - -

Balance outstanding as at - - year end

5. Quantitative Details & Business

The Company is carrying on the principal business of Gems & Jewellery and sale & purchase of Bullion, Commodities, etc,.

6. Earning Per Share

Basic earning per share is calculated by dividing the net profit / loss for the year attributable to equity Shareholders by weighted average number of equity shares outstanding during the year.

For calculating diluted earning per share, the net profit/loss for the year attributable to equity shareholders and the weighted average number of shares outstanding during the year are adjusted for the effects of all diluted potential equity shares.

7. Post Balance Sheet Events

Material events occurring after the Balance Sheet are taken into cognizance/ consideration.

8. Loans & Advances

In the opinion of the Board all the Current Assets, Loans & Advances have a value on realization in ordinary course of business at least equal to the amount at which these are stated.

9. Segment Reporting

Income of company are primarily from Gems & Jewellery business and also from purchase & sale of bullion commodities, etc.

10. Previous year's figures

Previous years figures have been regrouped / rearranged / reclassified wherever necessary to correspond with the current year classification / disclosures.

1. Decorous Investment & Trading Co. Limited ( "the Company") was incorporated on November 22, 1982 to Invest in shares, stock, debentures, securities, properties and to do the business of promoters, investment consultants etc. Certificate of Commencement of Business was issued on December 15, 1982.

2. The company has one class of equity shares having a par value of Rs. 10/- per share. Each shareholder is eligible for one vote per share held. In the event of liquidation, the equity shareholders shall be eligible to receive any of the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding. The amount distributed will be in proportion to the number of equity shares held by the shareholders.

3. Related Party Disclosures

a) Name of the Related Parties :

Key Management Personnel :

1. Sh. P.N. Baidya - Director

2. Sh. N. N. Prasad - Director

3. Sh. D S Bhandari - Director

4. Sh. Raj Kumar Gupta - Director

Enterprises over which Key Management Personnel/Shareholders/Relatives have significant influence

1. Buckingham Ind. Ltd.

2. P R Holdings Ltd.

3. Jacks Aviation P. Ltd.

4. Dune Leasing & Finance Ltd.

5. A C E C India Pvt. Ltd.

4. Earning Per Share

Basic earning per share is calculated by dividing the net profit / loss for the year attributable to equity Shareholders by weighted average number of equity shares outstanding during the year.

For calculating diluted earning per share, the net profit/loss for the year attributable to equity shareholders and the weighted average number of shares outstanding during the year are adjusted for the effects of all diluted potential equity shares.

5. Post Balance Sheet Events

Material events occurring after the Balance Sheet are taken into cognizance.

6. Loans & Advances

In the opinion of the Board all the Current Assets, Loans & Advances have a value on realization in ordinary course of business at least equal to the amount at which these are stated except stock of sharesdebentures.

Certain loans/unsecured loans has been considered as Advances against shares to be purchased/sold.

7. Segment Reporting

Income of company are primarily from financing and investing activities. There are no other reportable segment.

8. Previous year figures

Previous year figures have been regrouped / reclassified wherever necessary to correspond with the current year classification/disclosure.

1. Decorous Investment & Trading Co. Limited ( "the Company") was incorporated on November 22,1982 to Invest in shares, stock, debentures, securities, properties and to do the business of promoters, investment consultants etc. Certificate of Commencement of Business was issued on December 15, 1982.

2. Related Party Disclosure

a) Name of the Related Parties :

Key Management Personnel

1. Sh. P.N. Baidya-Director

2. Sh. N. N. Prasad-Director

3. Sh. D S Bhandari- Director

Enterprises over which Key Management Personnel / Shareholders/ Relatives have significant influence

1. Buckingham Ind. Ltd

2. Duncan MAcneill Const. & Dev. Ltd

3. P R Holdings Ltd

4. Jacks Aviation P Ltd

5. Dune Leasing & Finance Ltd

6. William lacks & Co India Ltd

7. A C E C India Pvt. Ltd.

3. Earning Per Share

Basic earning per share is calculated by dividing the net profit / loss for the year attributable to equity Shareholders by weighted average number of equity shares outstanding during the year.

For calculating diluted earning per share, the net profit/loss for the year attributable to equity shareholders and the weighted average number of shares outstanding during the year are adjusted for the effects of all diluted potential equity shares.

4. Post Balance Sheet Events

Material events occurnng after the Balance Sheet are taken into cognizance.

5. Loans & Advances

In the opinion of the Board all the Current Assets, Loans & Advances have a value on realization in ordinary course of business at least equal to the amount at which these are stated except stock of sharesdebentures.

Certain loans/unsecured loans has been considered as Advances against shares to be purchased/sold.

6. Segment Reporting

There is no reportable income segment.

7. Previous year figures

Previous year figures have been regrouped / reclassified wherever necessary to correspond with the current year classification / disclosure.

1. Decorous Investment & Trading Co. Limited ( "the Company") was incorporated on November 22, 1982 to Invest in shares, stock, debentures, securities, properties and to do the business of promoters, investment consultants etc. Certificate of Commencement of Business was issued on December 15,1982.

2. Related Party Disclosure

a) Name of the Related Parties :

Key Management Personnel

1. Sh. P.N. Baidya-Director

2. Sh. N. N. Prasad-Director

3. Sh. D S Bhandari- Director

Enterprises over which Key Management Personnel / Shareholders/ Relatives have significant influence

1. Buckingham Ind. Ltd

2. Duncan MAcneill Const. & Dev. Ltd

3. P R Holdings Ltd

4. Jacks Aviation P Ltd

5. Dune Leasing & Finance Ltd

6. William Jacks & Co India Ltd

7. A C E C India Pvt. Ltd.

3. Earning Per Share

Basic earning per share is calculated by dividing the net profit / loss for the year attributable to equity Shareholders by weighted average number of equity shares outstanding during the year.

For calculating diluted earning per share, the net profit/loss for the year attributable to equity shareholders and the weighted average number of shares outstanding during the year are adjusted for the effects of all diluted potential equity shares.

4. Post Balance Sheet Events

Material events occurring after the Balance Sheet are taken into cognizance.

5. Loans & Advances

In the opinion of the Board all the Current Assets, Loans & Advances have a value on realization in ordinary course of business at least equal to the amount at which these are stated except stock of sharesdebentures.

Certain loans/unsecured loans has been considered as Advances against shares to be purchased/sold.

6. Segment Reporting

There is no reportable income segment.

7. Previous year figures

The financial statements for the year ended March 31, 2011 had been prepared as per then applicable pre- revised Schedule VI to the Companies Act, 1956. Consequent to the notification of Revised Schedule VI under the Companies Act, 1956, the financial statements for the year ended march 31, 2012 are prpared as per Revised Schedule VI. Accordingly, the Previous year figures have also been reclassified to conform to this year s classifiction. the adoption of revised Schedule VI for the previous year does not impact recognition and measurement principles followed for the preparation of financial statements.