Notes to Accounts of Marvel Decor Ltd.

Mar 31, 2025

The Balance Sheet, Statement of Profit and Loss and Statement of Changes in equity are prepared and presented in the format prescribed in the
Schedule III to the Companies Act, 2013 (“the Act"). The disclosure requirements with respect to items in the Balance Sheet and Statement of
Profit and Loss, as prescribed in the Schedule III to the Act, are presented by way of notes forming part of the financial statements along with the
other notes required to be disclosed under the notified Accounting Standards and the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015.

38. Cash Flow statement

Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effects of transactions of a non-cash nature, any
deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing
cash flows. The cash flows from operating, investing and financing activities of the Company are segregated.

39. There is no Micro, Small and Medium Enterprises as defined under Micro, Small & Medium Enterprises Development Act, 2006 to which
Company owes dues which are outstanding for a period more than 45 days as on Balance Sheet Date.

The above information regarding Micro, Small and Medium Enterprises has been determined on the basis of information availed with the Company
and has been duly relied by the auditors of the Company.

40. Necessary disclosures as per requirements of Accounting Standard (AS)- 18 on ‘Related Party Disclosure'' are made as under: -

41. Based on the financials and other applicable thresholds prescribed under the relevant provisions, the Company does not meet the criteria for
mandatory Corporate Social Responsibility (CSR) obligations for the Financial Year 2024-25. Accordingly, the provisions relating to CSR are not
applicable to the Company for the said financial year.

42. Provisions of Accounting Standard (AS) - 17 on ‘Segment Reporting'' are not been applicable to the Company.

43. Balance shown under head Sundry Debtors, Creditors, Loans and Advances are subject to confirmation.

44. In the opinion of Board of Directors and to the best of their knowledge and belief, the realizable value of Current Assets, Loans and Advances
would not be less than the amount at which they are stated in the Balance Sheet.

45. Previous Year''s Figures have been re- arranged or re- grouped wherever considered necessary.

46. Figures have been rounded off to the nearest rupees.

47. Figures in brackets indicate negative (-) figures (if any)

For Chetan Agarwal Co.

(Chartered Accountants)

Chetan L. Agarwal
(Partner)

Membership No: 107547

Firm Reg. No. 120447W

At Jamnagar as on 30-05-2025

UDIN For Standalone : 25107547BMICTR1317

UDIN For Consolidated : 25107547BMICTS2125

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Mar 31, 2023

1. In the opinion of the management, the current assets, loans and advances are approximately of the value stated if realized, in the ordinary course of business. The provision of all known liabilities is adequate and not in excess of the amount reasonably necessary.

2. Previous year''s figures are regrouped and rearranged whenever necessary to make them comparable to those for the current year and also for the better presentation of financial statements.

3. Balance with sundry debtors, sundry creditors, loans and advances are subject to confirmation & reconciliation.

4. The Company has constituted CSR committee as required under section 135 of the Act, together with relevant rules as prescribed in Companies

(Corporate Social Responsibility Policy) Rules, 2014 (‘CSR Rules''). Based on these rules the provisions of Corporate Social Responsibilities are not applicable to Company for FY 2022-23.

5. Provisions of Accounting Standard (AS) - 17 on ‘Segment Reporting'' are not been applicable to the Company.

6. Balance shown under head Sundry Debtors, Creditors, Loans and Advances are subject to confirmation.

7. In the opinion of Board of Directors and to the best of their knowledge and belief, the realizable value of Current Assets, Loans and Advances would not be less than the amount at which they are stated in the Balance Sheet.

8. Previous Year''s Figures have been re- arranged or re- grouped wherever considered necessary.

9. Figures have been rounded off to the nearest rupees.

10. Figures in brackets indicate negative (-) figures (if any)

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Mar 31, 2018

1. Preliminary expenses

As per section 35D of Income Tax Act, 1961 expenses of preliminary expense were calculated as follows:

Preliminary expenses are allowed as deduction of one fifth of the qualifying expenditure is in each of five successive year subject to maximum five percent of capital employed as on last day of previous year. Deduction of preliminary expenses is calculated as follows:

2. Presentation of Financial Statements

The Balance Sheet, Statement of Profit and Loss and Statement of Changes in equity are prepared and presented in the format prescribed in the Schedule III to the Companies

Act, 2013 (“the Act”). The disclosure requirements with respect to items in the Balance

Sheet and Statement of Profit and Loss, as prescribed in the Schedule III to the Act, are presented by way of notes forming part of the financial statements along with the other notes required to be disclosed under the notified Accounting Standards and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

3. Cash Flow statement

Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Company are segregated.

4. There is no Micro, Small and Medium Enterprises as defined under Micro, Small & Medium Enterprises Development Act, 2006 to which Company owes dues which are outstanding for a period more than 45 days as on Balance Sheet Date.

The above information regarding Micro, Small and Medium Enterprises has been determined on the basis of information availed with the Company and has been duly relied by the auditors of the Company.

5. Necessary disclosures as per requirements of Accounting Standard (AS)- 18 on ''Related Party Disclosure'' are made as under: -

6. Provisions of Accounting Standard (AS) - 17 on ''Segment Reporting'' are not been applicable to the Company.

7. Balance shown under head Sundry Debtors, Creditors, Loans and Advances are subject to confirmation.

8. In the opinion of Board of Directors and to the best of their knowledge and belief, the realizable value of Current Assets, Loans and Advances would not be less than the amount at which they are stated in the Balance Sheet.

9. During the year the company has issued 46,16,000 equity shares at Rs. 10 per share by way of initial public offer at National Stock Exchange. Proceeds of initial public offer is utilized in the following manner:

Particulars

1) To meet the working capital requirements of Company

2) Repayment of Unsecured Loans of Promoters/Directors

3) General Corporate Purpose

4) Issue Expenses

10. Previous Year''s Figures have been re-arranged or re- grouped wherever considered necessary.

11. Figures have been rounded off to the nearest rupees.

12. Figures in brackets indicate negative (-) figures (if any)