Notes to Accounts of Interiors & More Ltd.

Mar 31, 2025

1.12 Provisions/Contingencies

(a) Provision involving substantial degree of estimation in measurements is recognized when there is a present obligation as a result
of past events and it is probable that there will be an outflow of resources.

(b) Contingent Liabilities are shown by way of notes to the Accounts in respect of obligations where, based on the evidence available,
their existence at the Balance Sheet date is considered not probable. (refer Annexure to note 1.12 for further details)

(c) A Contingent Asset is not recognized in the Accounts.

1.13 Segment Reporting

A. Business Segments :

Based on the guiding principles given in Accounting Standard 17 (AS - 17) on Segment Reporting issued by ICAI, the Company
has only one reportable Business Segment which is engaged in business of manufacturing of artificial flower and interior decor
items in India. Accordingly, the figures appearing in these financial statements relate to the Company’s single Business Segment.

B. Geographical Segments

The Company activities / operations are confined to India and as such there is only one geographical segment. Accordingly, the
figures appearing in these financial statements relate to the Company’s single geographical segment.

1.14 Foreign Currency Transactions

Foreign exchange transactions are recorded at the rate prevailing on the date of respective transaction. Monetary assets and liabilities
denominated in foreign currencies as at the balance sheet date are translated at the closing exchange rates on that date. Non monetary
items which are carried in terms of historical cost denominated in a foreign currency are reported using the exchange rate at the date of
transacion. Exchange diffrences arising on foreign exchange transactions settled during the year and on restatement as at the balance
sheet date are recognized in the statement of profit and loss for the year. (refer Annexure to Note 1.14 for further details)

1.15 Balance Confirmations

Balance of Debtors & Creditors & Loans & advances Taken & giving are subject to confirmation and subject to consequential
adjustments, if any. Debtors & creditors balance has been shown separately and the advances received and paid from/to the parties
is shown as advance from customer and advance to suppliers. Details of MSE Trade Payables are provided by the management as per
data available with the management.

1.16 Regrouping

Previous years figures have been regrouped and reclassified wherever necessary to match with current year grouping and classifiaction.

1.17 Pandemic (Covid-19) impact

The World Health Organization announced a global health emergency because of a new strain of coronavirus (“COVID-19”) and
classified its outbreak as a pandemic on 11 March 2020. On 24 March 2020, the Indian government announced a strict 21-day lockdown
across the country to contain the spread of the virus. The management has made an assessment of the impact of COVID-19 on the
Company''s operations, financial performance and position for the year ended 31 December 2023 and has concluded that no there is
no significant impact which is required to be recognized in the financial statements. Accordingly, no adjustments are required to be
made to the financial statements.

Notes:

A. The Authorised Share Capital of the company was increased from 60,00,000 Equity Shares of H10/- each to 80,00,000 Equity
Shares of H10/- each vide resolution passed in EGM dated 08^th August, 2023

B. The company issued 34,30,000 equity shares of H10/- each as bonus shares in the ratio of 2:1 (i.e. 2 (Two) Fully paid Bonus Shares
of H10/- each will be allotted against the holding of 1 (One) equity shares of the Company) vide EGM resolution passed on 16^th
June, 2023 and alloted on 17^th June, 2023.

C. The company alloted 18,50,400 Equity Shares of H10/- on 20^th February, 2024, issued at premium of H227 each, including of
premium of H217 each, for a consideration in cash through its Initial Public Offer.

2B: Term/Rights attached to Equity Shares

The Company has only one class of equity shares having a par value of Rs 10 per share. Holder of each equity share is entitled to one
vote. The Company declares and pays dividends in Indian Rupees. The dividend proposed by the board of directors is subject to the
approval of shareholders at the ensuing Annual General Meeting.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company,
after distribution of all preferential amounts. The distribution to equity shareholders will be in proportion to the number of equity
shares held by the shareholders.

1. Current Ratio decreased by 48.92% in for the year ended 31.03.2025 as compared to F.Y. 2023-24 due to increase in Current Liabilities
for the F.Y. 2024-25.

2. Debt-Equity Ratio increased by 1655.30% in for the year ended 31.03.2025 as compared to F.Y. 2023-24 due to increase in Debt for the
F.Y. 2024-25.

3. Inventory Turnover Ratio increased by 45.18% in the year ended 31.03.2025 as compared to F.Y. 2023-24 due to increase in COGS
during the year ended 31.03.2025.

4. Trade Payables Turnover Ratio increased by 102.38% in the year ended 31.03.2025 as compared to F.Y. 2023-24 due to increase in Net
Purchase during the year ended 31.03.2025.

5. Working Capital Turnover Ratio increased by 31.43% in the year ended 31.03.2025 as compared to F.Y. 2023-24 due to increase in Net
Sales for the year ended 31.03.2025.

6. Return on Investment increased by 102.37% in the year ended 31.03.2025 as compared to F.Y. 2023-24 due to increase in Market Value
of Shares during the year ended 31.03.2025.

NOTE 31.

No transactions to report against the following disclosure requirements as notified by MCA pursuant to amended
Schedule III:

a) Crypto Currency or Virtual Currency

b) Benami Property held under Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder

c) Registration of charges or satisfaction with Registrar of Companiesd) Relating to borrowed funds

d) Relating to borrowed funds

i) Wilful defaulter

ii) Utilisation of borrowed funds & share premium

iii) Borrowings obtained on the basis of security of current assets

iv) Discrepancy in utilisation of borrowings

v) Current maturity of long term borrowings

e) There are no layer of companies, hence no disclosures are required.

f) There is no scheme of arrangement approved in terms of section 230 to 237 of Companies Act, 2013.

g) There are no loans and advances in the nature of loans that are granted to promoters, directors, KMP’s and other related parties either
severally or jointly with anyother person that are repayable on demand.

h) The company does not have any transaction not recorded in the books of accounts that has been surrendered or disclosed as income
during the year in the income tax assessments under the Income tax Act, 1961.

i) The company has not advanced or loaned or invested funds to anyother person(s) or entity(ies), including foreign entities
(intermediaries) with the understanding that the intermediaries shall:

(i) Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the
company (ultimate beneficiery) or

(ii) Provide any guarantee, security or the like to or on behalf of the Ultimate beneficieries

j) The company has not received from any person(s) or entity(ies), including (funding party) with the understanding that the company
shall:

(i) Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the
company (ultimate beneficiery) or

(ii) Provide any guarantee, security or the like to or on behalf of the Ultimate beneficieries

1. The Company undertakes the following activities in the nature of Corporate social responsibility (CSR) :

a. Education to children and essential vocational skill training that enhance employment or special education among women,
elderly and the differently-abled persons.

b. Promotion of animal welfare and ensure ethical treatment and protection of animals in society.

c. Eradicating poverty, hunger and malnutrition, promoting health care which includes sanitation and preventinve health care.

In terms of our report of even date annexed For and on behalf of the Board of Directors of

INTERIORS & MORE LIMITED

For, Jay Gupta and Associates

(Erstwhile Known as Gupta Agarwal & Associates)

Chartered Accountants Manish Mohan Tibrewal Rahul Jhunjhunwala

FRN: 329001E Managing Director Director & CFO

DIN : 05164854 DIN : 00527214

Jay Shanker Gupta Jatin Dhanjibhai Amareliya

(Partner) Company Secretary & Compliance Officer

Membership No. 059535
UDIN: 25059535BMHCBC8528

Place : Kolkata Place : Mumbai

Date : May 26, 2025 Date : May 26, 2025

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Mar 31, 2024

1.12 Provisions/Contingencies

(a) Provision involving substantial degree of estimation in measurements is recognized when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources.

(b) Contingent Liabilities are shown by way of notes to the Accounts in respect of obligations where, based on the evidence available, their existence at the Balance Sheet date is considered not probable.

(c) A Contingent Asset is not recognized in the Accounts.

1.13 Segment Reporting

A. Business Segments :

Based on the guiding principles given in Accounting Standard 17 (AS - 17) on Segment Reporting issued by ICAI, the Company has only one reportable Business Segment which is engaged in business of manufacturing of artificial flower and interior decor items in India. Accordingly, the figures appearing in these financial statements relate to the Company''s single Business Segment.

B. Geographical Segments

The Company activities / operations are confined to India and as such there is only one geographical segment. Accordingly, the figures appearing in these financial statements relate to the Company''s single geographical segment.

1.14 Foreign Currency Transactions

Foreign exchange transactions are recorded at the rate prevailing on the date of respective transaction. Monetary assets and liabilities denominated in foreign currencies as at the balance sheet date are translated at the closing exchange rates on that date. Non monetary items which are carried in terms of historical cost denominated in a foreign currency are reported using the exchange rate at the date of transacion. Exchange diffrences arising on foreign exchange transactions settled during the year and on restatement as at the balance sheet date are recognized in the statement of profit and loss for the year.

1.17 Balance Confirmations

Balance of Debtors & Creditors & Loans & advances Taken & giving are subject to confirmation and subject to consequential adjustments, if any. Debtors & creditors balance has been shown separately and the advances received and paid from/to the parties is shown as advance from customer and advance to suppliers. Details of MSME Trade Payables are provided by the management as per data available with the management.

1.18 Regrouping

Previous years figures have been regrouped and reclassified wherever necessary to match with current year grouping and classifiaction.

1.19 Pandemic (Covid-19) impact

The World Health Organization announced a global health emergency because of a new strain of coronavirus ("COVID-19") and classified its outbreak as a pandemic on 11 March 2020. On 24 March 2020, the Indian government announced a strict 21-day lockdown across the country to contain the spread of the virus. The management has made an assessment of the impact of COVID-19 on the Company''s operations, financial performance and position for the year ended 31 December 2023 and has concluded that no there is no significant impact which is required to be recognized in the financial statements. Accordingly, no adjustments are required to be made to the financial statements.

a. The Authorised Share Capital of the company was increased from 11,00,000 Equity Shares of Rs.10/- each to 20,00,000 Equity Shares of Rs. 10/- each vide resolution passed in EGM dated 05th October, 2020.

b. The company alloted 7,70,000 Equity Shares of Rs.10/- on 11th January, 2021, issued at par for a consideration in cash.

c. The Authorised Share Capital of the company was further increased from 20,00,000 Equity Shares of Rs.10/- each to 60,00,000 Equity Shares of Rs. 10/- each vide resolution passed in EGM dated 09th January, 2023. Further the Authorised Share Capital of the company was increased from 60,00,000 Equity Shares of Rs.10/- each to 80,00,000 Equity Shares of Rs. 10/- each vide resolution passed in EGM dated 08th August, 2023

d. The company issued 34,30,000 equity shares of Rs. 10/- each as bonus shares in the ratio of 2:1 (i.e. 2 (Two) Fully paid Bonus Shares of Rs.10/- each will be allotted against the holding of 1 (One) equity shares of the Company) vide EGM resolution passed on 16th June, 2023 and alloted on 17th June, 2023. The effect of bonus shares are considered for calculation of EPS.

e. The company alloted 18,50,400 Equity Shares of Rs.10/- on 20th February, 2024, issued at premium of Rs. 227 each, including of premium of Rs. 217 each, for a consideration in cash.

2B: Term/rights attached to equity shares:

The Company has only one class of equity shares having a par value of Rs 10 per share. Holder of each equity share is entitled to one vote. The Company declares and pays dividends in Indian Rupees. The dividend proposed by the board of directors is subject to the approval of shareholders at the ensuing Annual General Meeting.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution to equity shareholders will be in proportion to the number of equity shares held by the shareholders.

II. Defined benefit plans

Gratuity

The Company should provide for gratuity for employees in India as per the Payment of Gratuity Act, 1972. Employees who are in continuous service for a period of 5 years are eligible for gratuity. The amount of gratuity payable on retirement/ termination is the employees last drawn basic salary per month computed proportionately for 15 days salary multiplied for the number of years of service, subject to a payment ceiling of INR 20,00,000/-.

Based on the actuarial valuation obtained in this respect, the following table sets out the details of the employee benefit obligation as at balance sheet date:

IV. Sensitivity analysis method

Significant actuarial assumptions for the determination of the defined benefit obligation are discount rate and expected salary increase rate. Effect of change in mortality rate is negligible. Please note that the sensitivity analysis presented below may not be representative of the actual change in the defined benefit obligation as it is unlikely that the change in assumption would occur in isolation of one another as some of the assumptions may be correlated.

The accompanying notes 1.1 to1.23 are an integral part of the Financial Statement

^{In terms of our re}p^{ort of even date annexed} For and on behalf of the Board of Directors of

For Jay Gupta and Associates ^For INTERI^ORS & ^MORE LI^MIT^ED

(Erstwhile Gupta Agarwal & Associates) Chartered Accountants

^Firm''^{s Re}g^{istration No: 329001E} Ekta Tibrewal Manish Mohanlal

Jay Shanker Gupta ^Director Tibrewal

P_art_ner DIN: 01289275 Managing Director

Membership No: 059535 ^{DIN: 05164854}

UDIN: 24059535BKBIZO4440 Date: 28/05/2024

Place: Kolkata ^{kuntal Panka}j ^Sharma Rajat Singhal

Company Secretary & Director & CEO

^Compliance DIN: 09660995

DIN: 01289275

Date: 23/08/2024 Place: Mumbai