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Kalyan Jewellers India Ltd.
 
March 2019

Description of state of companies affair

During the Financial Year 2018-19, the Company has registered net revenue from operations ofRs. 74,481.66 Million, as compared to Rs. 82,971.37 Million in the previous year. Profit before Tax for the year under review was 694.79 Million and Profit after Tax for the year under review was Rs. 499.77 Million.

Details regarding foreign exchange earnings and outgo

During the year under review, the Company has earned 68 Millionin foreign exchange.

Disclosures in director’s responsibility statement

Directors hereby declare and confirm that: (i)              in the preparation of the annual accounts, the applicable accounting standards have been followed along with proper explanation relating to material departures;   (ii)            the directors have selected such accounting policies and applied them consistently and 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 at the end of the financial year and of the profit and loss of the company for that period;   (iii)           the directors have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of Companies Act, 2013 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;   (iv)           the directors have prepared the annual accounts on a going concern basis; and   (v)             the directors have devised proper systems to ensure compliance with the provisions of all applicable laws and such systems are adequate and operating effectively.

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