KYC is one time exercise with a SEBI registered intermediary while dealing in securities markets (Broker/ DP/ Mutual Fund etc.). | No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.   |   Prevent unauthorized transactions in your account – Update your mobile numbers / email ids with your stock brokers. Receive information of your transactions directly from exchange on your mobile / email at the EOD | Filing Complaint on SCORES - QUICK & EASY a) Register on SCORES b) Mandatory details for filing complaints on SCORE - Name, PAN, Email, Address and Mob. no. c) Benefits - speedy redressal & Effective communication   |   BSE Prices delayed by 5 minutes... << Prices as on Apr 02, 2025 >>  ABB India 5313.15  [ -1.38% ]  ACC 1964.5  [ 0.67% ]  Ambuja Cements 534.45  [ 0.95% ]  Asian Paints Ltd. 2306.65  [ -0.38% ]  Axis Bank Ltd. 1084.85  [ -0.05% ]  Bajaj Auto 8071.4  [ 0.97% ]  Bank of Baroda 231.5  [ 1.25% ]  Bharti Airtel 1754.75  [ 1.79% ]  Bharat Heavy Ele 212.5  [ 0.33% ]  Bharat Petroleum 286.85  [ 0.72% ]  Britannia Ind. 5036.5  [ 2.79% ]  Cipla 1452.7  [ 0.56% ]  Coal India 397.25  [ -0.21% ]  Colgate Palm. 2366.75  [ 0.70% ]  Dabur India 495.5  [ -0.42% ]  DLF Ltd. 683.1  [ 3.19% ]  Dr. Reddy's Labs 1149.75  [ -0.23% ]  GAIL (India) 183.55  [ -1.48% ]  Grasim Inds. 2617.75  [ 0.00% ]  HCL Technologies 1527.45  [ -0.13% ]  HDFC Bank 1797.4  [ 1.70% ]  Hero MotoCorp 3782.2  [ 0.50% ]  Hindustan Unilever L 2238.35  [ 0.21% ]  Hindalco Indus. 661.25  [ -0.35% ]  ICICI Bank 1331.45  [ 1.05% ]  IDFC L 108  [ -1.77% ]  Indian Hotels Co 830.5  [ 3.08% ]  IndusInd Bank 702.4  [ 2.88% ]  Infosys L 1549.85  [ 1.46% ]  ITC Ltd. 408.95  [ 0.57% ]  Jindal St & Pwr 909.9  [ 0.98% ]  Kotak Mahindra Bank 2154.55  [ 0.43% ]  L&T 3421.65  [ -0.41% ]  Lupin Ltd. 2009.4  [ 2.71% ]  Mahi. & Mahi 2637.7  [ 0.03% ]  Maruti Suzuki India 11715.05  [ 2.09% ]  MTNL 44.73  [ -1.67% ]  Nestle India 2210.6  [ -0.96% ]  NIIT Ltd. 123.45  [ -0.60% ]  NMDC Ltd. 70.2  [ 0.65% ]  NTPC 351.9  [ -0.07% ]  ONGC 250.45  [ 0.93% ]  Punj. NationlBak 97.34  [ 1.15% ]  Power Grid Corpo 286.7  [ -0.88% ]  Reliance Inds. 1251.1  [ -0.11% ]  SBI 775.85  [ 0.56% ]  Vedanta 457.3  [ 0.01% ]  Shipping Corpn. 170  [ -0.09% ]  Sun Pharma. 1714.25  [ 1.02% ]  Tata Chemicals 851.95  [ 1.42% ]  Tata Consumer Produc 1062.55  [ 7.12% ]  Tata Motors 671.8  [ 0.06% ]  Tata Steel 154.65  [ 1.01% ]  Tata Power Co. 378.25  [ 0.93% ]  Tata Consultancy 3545  [ -0.15% ]  Tech Mahindra 1423.65  [ 2.11% ]  UltraTech Cement 11255.4  [ -1.06% ]  United Spirits 1434.1  [ 2.07% ]  Wipro 263.65  [ 0.38% ]  Zee Entertainment En 102.1  [ 0.55% ]  

Company Information

Indian Indices

  • Sensex
    76617.44

    + 592.93
    (+ 0.78 %)

  • NSE Index
    23332.35

    + 166.65
    (+ 0.71 %)

  • BSE 100LCTMC
    8616.26

    + 68.22
    (+ 0.80 %)

  • BSE Auto
    47960.19

    + 392.18
    (+ 0.82 %)

  • BSE Bharat22
    8143.71

    -4.30
    (-0.05 %)

  • BSE CPSE
    3566.48

    + 4.50
    (+ 0.13 %)

  • BSE DFRGI
    1414.63

    + 10.51
    (+ 0.75 %)

  • BSE DSI
    941.18

    + 5.05
    (+ 0.54 %)

  • BSE EVI
    880.18

    + 4.83
    (+ 0.55 %)

  • BSE Infra
    564.28

    + 3.71
    (+ 0.66 %)

  • BSE IPO
    13481.01

    + 41.16
    (+ 0.31 %)

  • BSE LVI
    1702.48

    + 11.68
    (+ 0.69 %)

  • BSE Metal
    30678.32

    + 129.29
    (+ 0.42 %)

  • BSE Midcap
    41667.65

    + 567.77
    (+ 1.38 %)

  • BSE Momen
    1967.26

    + 27.17
    (+ 1.40 %)

  • BSE Oil&Gas
    25362.04

    + 71.68
    (+ 0.28 %)

  • BSE PBI
    18028.27

    + 188.40
    (+ 1.06 %)

  • BSE Power
    6539.95

    + 36.05
    (+ 0.55 %)

  • BSE Quality
    1666.08

    + 11.39
    (+ 0.69 %)

  • BSE Realty
    6632.01

    + 231.74
    (+ 3.62 %)

  • BSE Sensex50
    24352.04

    + 183.18
    (+ 0.76 %)

  • BSE Smallcap
    47136.15

    + 464.22
    (+ 0.99 %)

  • BSE SME IPO
    85419.99

    + 1523.55
    (+ 1.82 %)

  • BSE_Bankex
    59149.79

    + 499.98
    (+ 0.85 %)

  • BSE_CDS
    54405.02

    + 1386.47
    (+ 2.62 %)

  • BSE_CGS
    61893.92

    + 90.97
    (+ 0.15 %)

  • BSE_FMCG
    19519.41

    + 217.15
    (+ 1.12 %)

  • BSE_HCS
    41122.77

    + 287.71
    (+ 0.70 %)

  • BSE_IT
    35642.16

    + 326.82
    (+ 0.93 %)

  • BSE_PSU
    18161.96

    + 60.31
    (+ 0.33 %)

  • BSE100ESG
    388.67

    + 3.78
    (+ 0.98 %)

  • BSE150MC
    14468.58

    + 203.40
    (+ 1.43 %)

  • BSE200
    10551.72

    + 94.38
    (+ 0.90 %)

  • BSE200EQUALW
    11944.91

    + 114.50
    (+ 0.97 %)

  • BSE250LMC
    9984.88

    + 91.17
    (+ 0.92 %)

  • BSE250SC
    6071.42

    + 55.71
    (+ 0.93 %)

  • BSE400MSC
    10816.35

    + 133.91
    (+ 1.25 %)

  • BSE500
    33459.65

    + 305.66
    (+ 0.92 %)

  • BSECMINSURAN
    1924.55

    + 22.69
    (+ 1.19 %)

  • BSEDollex30
    7347.28

    + 44.80
    (+ 0.61 %)

  • BSEINTERNECO
    2596.67

    + 57.38
    (+ 2.26 %)

  • BSENAT
    24428.65

    + 207.71
    (+ 0.86 %)

  • BSEPOWENERGY
    3651.69

    + 8.40
    (+ 0.23 %)

  • BSESELECTBG
    3948.13

    + 17.96
    (+ 0.46 %)

  • BSESELIPO
    4237.58

    + 63.35
    (+ 1.52 %)

  • BSESEN606535
    31877.15

    + 245.92
    (+ 0.78 %)

  • BSESENSEX60
    31490.98

    + 243.26
    (+ 0.78 %)

  • BSESENSEXEW
    74064.13

    + 536.11
    (+ 0.73 %)

  • BSESensexN30
    36013.02

    + 276.26
    (+ 0.77 %)

  • BSESensexN50
    77892.55

    + 983.12
    (+ 1.28 %)

  • BSETECk
    17250.13

    + 200.75
    (+ 1.18 %)

  • DOLLEX
    2051.95

    + 15.01
    (+ 0.74 %)

  • Dollex 100
    2951.79

    + 20.26
    (+ 0.69 %)

  • CNX 100
    23901.85

    + 188.05
    (+ 0.79 %)

  • CNX 200
    12927.85

    + 118.55
    (+ 0.92 %)

  • CNX Auto
    21408.85

    + 173.60
    (+ 0.81 %)

  • CNX Bank
    51348.05

    + 520.55
    (+ 1.02 %)

  • CNX Commo
    8445.45

    + 37.25
    (+ 0.44 %)

  • CNX Consum
    10827.55

    + 165.15
    (+ 1.54 %)

  • CNX DOI
    5821.5

    + 35.80
    (+ 0.61 %)

  • CNX Energy
    33463.7

    + 174.55
    (+ 0.52 %)

  • CNX Fin
    24750.05

    + 220.65
    (+ 0.89 %)

  • CNX FMCG
    53702.6

    + 600.85
    (+ 1.13 %)

  • CNX HighBeta
    3362.1

    + 38.70
    (+ 1.16 %)

  • CNX Infra
    8434.5

    + 45.00
    (+ 0.53 %)

  • CNX IT
    36283.5

    + 302.85
    (+ 0.84 %)

  • CNX LVI
    23517.45

    + 228.45
    (+ 0.98 %)

  • CNX Media
    1517.55

    + 9.25
    (+ 0.61 %)

  • CNX Metal
    9080.05

    + 63.20
    (+ 0.70 %)

  • CNX Midcap
    52053.2

    + 823.60
    (+ 1.60 %)

  • CNX MNC
    26101.3

    + 165.95
    (+ 0.63 %)

  • CNX Pharma
    20952.85

    + 181.05
    (+ 0.87 %)

  • CNX PSE
    9315.25

    + 11.05
    (+ 0.11 %)

  • CNX PSU Bank
    6300.85

    + 46.45
    (+ 0.74 %)

  • CNX Realty
    854.65

    + 29.80
    (+ 3.61 %)

  • CNX Shar 500
    6688.45

    + 59.25
    (+ 0.89 %)

  • CNX Smallcap
    16162.45

    + 179.50
    (+ 1.12 %)

  • CNX SSI
    30883.9

    + 304.15
    (+ 0.99 %)

  • CNX500
    21265.65

    + 194.90
    (+ 0.92 %)

  • CPSE
    6062.95

    -23.50
    (-0.38 %)

  • LIX 15
    6529.75

    + 56.25
    (+ 0.86 %)

  • LIX15 Midcap
    13179.3

    + 293.10
    (+ 2.27 %)

  • N500MC502525
    14667.4

    + 145.45
    (+ 1.00 %)

  • N500MOM50
    47877.9

    + 984.00
    (+ 2.09 %)

  • N500MUCIFFTT
    12982.55

    + 102.60
    (+ 0.79 %)

  • N500MUCIMFTT
    13789.9

    + 111.70
    (+ 0.81 %)

  • N5HMFMQVLv50
    28531.65

    + 253.10
    (+ 0.89 %)

  • NI 15
    10644.85

    + 113.25
    (+ 1.07 %)

  • NIF Mobility
    18481.95

    + 219.25
    (+ 1.20 %)

  • NIF100A30
    16554.4

    + 160.05
    (+ 0.97 %)

  • NIF200A30
    22437.9

    + 375.70
    (+ 1.70 %)

  • NIF200MOME30
    28129.7

    + 474.15
    (+ 1.71 %)

  • NIF500LMSECW
    16062

    + 170.15
    (+ 1.07 %)

  • NIF500LOWV50
    20064.75

    + 191.35
    (+ 0.96 %)

  • NIF500QLTY50
    17384.1

    + 159.60
    (+ 0.92 %)

  • NIF500VAL50
    13372.8

    + 70.00
    (+ 0.52 %)

  • NIFALV30
    25108.75

    + 284.30
    (+ 1.14 %)

  • NIFAQLV30
    20692.35

    + 140.90
    (+ 0.68 %)

  • NIFAQVLV30
    19006.2

    + 109.80
    (+ 0.58 %)

  • NIFCOREHOUSE
    14890.7

    + 164.25
    (+ 1.11 %)

  • NIFCORPMAATR
    33338.3

    + 182.85
    (+ 0.55 %)

  • NIFEVNAA
    2679.25

    + 26.25
    (+ 0.98 %)

  • NIFFINSEREXB
    26281.35

    + 237.25
    (+ 0.91 %)

  • NIFFS2550
    26467.4

    + 205.40
    (+ 0.78 %)

  • NIFINDIADIGI
    8290.5

    + 136.85
    (+ 1.67 %)

  • NIFINDIAMANU
    13072.3

    + 104.05
    (+ 0.80 %)

  • NIFINDIANAC
    10611.45

    + 215.10
    (+ 2.06 %)

  • NIFMC150M50
    55730.65

    + 1076.75
    (+ 1.97 %)

  • NIFMC150Q50
    22001.7

    + 306.50
    (+ 1.41 %)

  • NIFMCSELECT
    11606.45

    + 222.55
    (+ 1.95 %)

  • NIFMICCAP250
    20988.6

    + 142.90
    (+ 0.68 %)

  • NIFMIDSMLFS
    15086.7

    + 195.55
    (+ 1.31 %)

  • NIFMIDSMLHC
    40267.35

    + 211.20
    (+ 0.52 %)

  • NIFMIDSMLITT
    9235

    + 129.20
    (+ 1.41 %)

  • NIFMSINDCONS
    18389.95

    + 259.15
    (+ 1.42 %)

  • NIFNONCYCSMR
    15116.85

    + 256.70
    (+ 1.72 %)

  • NIFQLV30
    16147.8

    + 122.70
    (+ 0.76 %)

  • NIFSC250Q50
    24222.05

    + 247.25
    (+ 1.03 %)

  • NIFTOP15EW
    9650.35

    + 53.95
    (+ 0.56 %)

  • NIFTOP20EW
    8621.7

    + 53.65
    (+ 0.62 %)

  • NIFTOTALMAR
    11951.25

    + 108.50
    (+ 0.91 %)

  • Nifty CD
    35633.7

    + 873.70
    (+ 2.51 %)

  • Nifty CM
    3448.6

    + 73.45
    (+ 2.17 %)

  • NIFTY DEF
    6332.05

    -4.00
    (-0.06 %)

  • Nifty Health
    13581.15

    + 106.20
    (+ 0.78 %)

  • Nifty IPO
    1825.45

    + 7.10
    (+ 0.39 %)

  • Nifty LMC250
    14804.4

    + 162.35
    (+ 1.10 %)

  • Nifty MCap50
    14665.95

    + 244.25
    (+ 1.69 %)

  • Nifty MSC400
    17757.25

    + 223.15
    (+ 1.27 %)

  • NIFTY OILGAS
    10584.15

    + 26.00
    (+ 0.24 %)

  • Nifty PBI
    25610.6

    + 187.85
    (+ 0.73 %)

  • Nifty Rural
    13898.7

    + 101.25
    (+ 0.73 %)

  • Nifty SCap50
    7751.35

    + 98.05
    (+ 1.28 %)

  • NIFTY SME
    13103.43

    + 189.83
    (+ 1.47 %)

  • Nifty TG25
    15082.75

    + 227.80
    (+ 1.53 %)

  • Nifty TL
    20394.55

    + 247.90
    (+ 1.23 %)

  • Nifty100 EWI
    30294.25

    + 276.45
    (+ 0.92 %)

  • Nifty100LV30
    18695.05

    + 119.75
    (+ 0.64 %)

  • Nifty200Q30
    19079.5

    + 128.40
    (+ 0.67 %)

  • Nifty50 EWI
    29215.55

    + 208.80
    (+ 0.71 %)

  • NIFTY500EW
    12748

    + 128.25
    (+ 1.01 %)

  • NiftyAlpha50
    46082.55

    + 784.00
    (+ 1.73 %)

  • NiftyHousing
    10817.4

    + 85.95
    (+ 0.80 %)

  • NiftyMCap150
    19200.75

    + 269.35
    (+ 1.42 %)

  • NiftySCap250
    15179.75

    + 149.65
    (+ 0.99 %)

  • NIFTYTOP10EW
    9233.7

    + 55.00
    (+ 0.59 %)

  • NiftyTourism
    8782.7

    + 178.45
    (+ 2.07 %)

  • NMSC400MQ100
    44220.8

    + 704.00
    (+ 1.61 %)

  • NSC250MQ100
    42162.45

    + 475.15
    (+ 1.13 %)

  • NSEMID
    63087.1

    + 715.00
    (+ 1.14 %)

  • NSEQuality30
    5194.6

    + 27.10
    (+ 0.52 %)

  • NV 20
    12429.9

    + 73.35
    (+ 0.59 %)

Global Indices

  • DOW Jones
    42225.32

    + 235.36
    (+ 0.56 %)

  • Nasdaq
    17601.05

    + 151.16
    (+ 0.87 %)

  • S&P 500
    5670.97

    + 37.90
    (+ 0.67 %)

  • Nikkei 225
    34799.82

    -926.05
    (-2.59 %)

  • Hang Seng
    22821.74

    -380.79
    (-1.64 %)

  • Shanghai Composite
    3350.93

    + 0.80
    (+ 0.02 %)

  • Straits Times
    3942.58

    -11.63
    (-0.29 %)

  • FTSE 100
    8578.18

    -56.62
    (-0.66 %)

Forex

  • USDINR 85.6024
    0.02
    GBPINR 110.5584
    -0.16
  • JPYINR 57.0900
    0.59
    EURINR 92.3901
    0.07

AARTECH SOLONICS LTD.

02 April 2025 | 12:00

Industry >> Power - Transmission/Equipment

Select Another Company

ISIN No INE01C001026 BSE Code / NSE Code 542580 / AARTECH Book Value (Rs.) 9.92 Face Value 5.00
Bookclosure 30/09/2024 52Week High 105 EPS 0.41 P/E 125.94
Market Cap. 165.65 Cr. 52Week Low 50 P/BV / Div Yield (%) 5.26 / 0.00 Market Lot 1.00
Security Type Other

ACCOUNTING POLICY

You can view the entire text of Accounting Policy of the company for the latest year.
Year End :2024-03 

1. SIGNIFICANT ACCOUNTING POLICIES1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS:

The financial statements of the company have been prepared in accordance with Indian Accounting Standards (lND AS). The financial statements have been prepared to comply in all material respects with the Indian accounting standards notified under the Companies (Indian Accounting Standards) Rules, 2015, (as amended and as applicable from time to time) and the relevant provisions of the Companies Act, 2013. The financial statements have been prepared on an accrual basis and under the historical cost convention on Going Concern basis.

The accounting policies adopted in the preparation of financial statements are consistent for all the periods presented. The financial statements are presented in INR which is the functional currency, and all values are rounded to the nearest lakh (^ 1,00,000) except when otherwise indicated. The financial statements were authorised for issue in accordance with a resolution of the Board of Directors on May 30, 2024.

1.2 CURRENT VERSUS NON-CURRENT CLASSIFICATION

All assets and liabilities have been classified as current or non-current as per the Company's operating cycle. Based on the nature of the business and the time between the acquisition of assets for processing and their realization in cash and cash equivalents, the Company has ascertained its operating cycle as 12 months for the purpose of current or non-current classification of assets and liabilities. Deferred tax assets and liabilities are classified as non-current assets and liabilities.

1.3 PROPERTY, PLANT & EQUIPMENT

property, plant, and equipment are stated at cost of acquisition less accumulated depreciation and impairment losses, if any. The cost includes taxes, duties, freight, and other incidental expenses related to the acquisition and installation of the respective assets. Subsequent expenditure related to an item of property, plant, and equipment is added to its book value only if it increases the future economic benefits from the existing assets beyond its previously assessed standard of performance.

Depreciation on property, plant, and equipment is provided on a straight-line basis over the useful lives of assets estimated by the management, taking into account the nature of the asset on technical evaluation of the useful life which may not necessarily be in alignment with the indicative useful lives prescribed by Schedule II to the Companies Act 2013. The following useful lives are considered:

Asset Name:

Useful Life

Land

-

Building

30 Years

Plant & Machinery

15 Years

Electrification

10 Years

Office Equipment

5 Years

Computer & Accessories

3 Years

Testing Equipment

15 Years

Furniture & Fixtures

10 Years

Vehicles

8 Years

Tools

15 Years

If significant parts of property, plant, and equipment have different useful lives, they are accounted for as separate items (major components) of property, plant, and equipment. Items of property, plant, and equipment that have been retired from active use and are held for disposal are stated at the lower of their carrying value and estimated net realizable value and are disclosed separately in the financial statements. Any gain or loss on disposal of an item of property, plant, and equipment is recognized in the Statement of Profit and Loss. Capital work-in-progress includes the cost of property, plant, and equipment that are not ready for intended use at the balance sheet date. Advances paid towards the acquisition of property, plant, and equipment outstanding at each balance sheet date are classified as capital advances under "Other Non-Current Assets".

1.4 INTANGIBLE ASSETS:

Intangible assets comprise software and technical know-how. Intangible assets are stated at cost of acquisition less accumulated amortization and impairment losses, if any. These intangible assets are amortized on a straight-line basis based on the basis of their useful lives which, in management's estimate, represent the period during which economic benefits will be derived from their use. Currently the entity holds no intangible assets.

1.5 INVESTMENT PROPERTY:

Investments in land or buildings (including property under construction) which are held to earn rentals and/or for capital appreciation are classified as investment property. Investment properties are initially measured at cost including transaction costs. Subsequent to initial recognition, investment properties are stated at cost net of accumulated depreciation and accumulated impairment losses, if any. The cost comprises the purchase price, borrowing costs if capitalization criteria are met, and directly attributable cost of bringing the investment property to its working condition for the intended use.

Depreciation on investment property is provided on a straight-line basis over the useful lives of assets estimated by the management. Such classes of investment properties and their estimated useful lives are as under:

Asset Name: Useful Life

Land Nil

Investment properties are derecognized either when they have been disposed of or when they are permanently withdrawn from use and no future economic benefit is expected from their disposal. On disposal of an investment property, the difference between its carrying amount and net disposal proceeds is recognized in the Statement of Profit and Loss.

1.6 REVENUE RECOGNITION:

Revenue is recognized when control of the goods or services is transferred to the customer at an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. Revenue is stated exclusive of Goods and Services Tax and net of trade and quantity discount.

Revenue from the sale of products is recognized on transfer of control of products to the customers, which is usually on dispatch or delivery of goods. When the outcome of a project contract can be estimated reliably, revenue from project contracts is recognized under the percentage-of-completion method based on the percentage of costs incurred to date compared to the total estimated contract costs. An expected loss on the project contract is recognized as an expense immediately. Contract revenue earned in excess of billing has been

reflected as -Contract assets" and billing in excess of contract revenue has been reflected under "Contract liabilities” in the balance sheet.

Revenue from services represents Service income other than from services which are incidental to the sale of products and projects. Revenue from services is recognized as per the terms of the contract with the customer using the proportionate completion method. Revenue from services rendered over a period of time is recognized on a straight-line basis over the period of the performance obligation.

1.7 INVENTORIES:

Inventories comprise all costs of purchase, conversion, and other costs incurred in bringing the inventories to their present location and condition. Raw materials, work-in-progress, finished goods, and traded goods are carried at the lower of cost and net realizable value. Cost is determined on the basis of First in First Out Method (FIFO). The net realizable value of work-in-progress and finished goods is determined with reference to the estimated selling price less estimated cost of completion and estimated costs necessary to make the sale of related finished goods. Raw materials held for the production of finished goods are not written down below cost except in cases where material prices have declined and it is estimated that the cost of the finished product will exceed its net realizable value.

1.8 EMPLOYEES BENEFITS:(al Short-term Employee Benefits

All employee benefits that are payable within twelve months of rendering the service are classified as shortterm employee benefits. These include salaries, wages, short-term compensated absences, and the expected cost of ex-gratia payments. Such benefits are recognized in the period during which the employee provides the related service.

(bl Post-employment and Other Lont-term Benefits

Defined Contribution Plans: The Company's superannuation scheme and employee state insurance scheme are defined contribution plans. Contributions under these schemes are recognized as expenses in the Statement of Profit and Loss during the period in which the employee renders the related service.

Defined Benefit Plans and Other Long-term Benefits: The Company's gratuity, pension, medical benefit, and retirement gift schemes are defined benefit plans. Other long-term benefits include leave wages, retention bonuses, silver jubilee, and star awards. The present value of the obligation under these defined benefit plans and other long-term benefits is determined through actuarial valuation using the Projected Unit Credit Method. This method recognizes each period of service as giving rise to an additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation. For funded plans, the fair value of the plan assets is subtracted from the gross obligation under the defined benefit plans to recognize the obligation on a net basis. Provident fund is considered a defined benefit plan since any additional obligations due to investment risk and interest rate risk must be met by the Company.

For defined benefit plans, remeasurements, which include actuarial gains and losses, the return on plan assets (excluding amounts included in net interest on the net defined benefit liability or asset), and any changes in the effect of asset ceiling (where applicable), are recognized in Other Comprehensive Income (OCl) and reflected in retained earnings. These remeasurements are not reclassified to profit or loss. For other long-term benefits, all remeasurements, including actuarial gains or losses, are charged to the Statement of Profit and Loss.

The Company recognizes the following items in the net defined benefit obligation as expenses in the Statement of Profit and Loss:

- service cost, including current service cost, past service cost, and gains and losses on curtailments and settlements.

- Net interest expense or income.

Provision for leave wages, pension, medical benefits, retention bonuses, silver jubilee, and star awards expected to be utilized within the next 12 months is treated as short-term employee benefits, while those expected to be utilized beyond 12 months are treated as long-term employee benefits. For presentation purposes, the allocation between short-term and long-term provisions is determined by an actuary.

1.9 LEASES:

The Company's lease asset class consist of leases for Office building. The Company assesses whether a contract is (or contains) a lease at inception of a contract. A contract is (or contains) a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. to assess whether a contract conveys the right to control the use of an identified asset, the Company assesses whether:

1. The contract involves the use of an identified asset.

2. The Company has substantially all the economic benefits from the use of the asset through the period of the lease.

3. The Company has the right to direct the use of the asset.

Where the Company is the lessee:

At the date of commencement of the lease, the Company recognizes a Right-of-Use asset (ROU) and a corresponding lease Liability for all lease arrangements in which it is a lessee except for leases with a term of twelve months or less (short-term leases) and leases of low-value assets. For these short-term and low value asset leases, the Company recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease.

The ROU assets are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated depreciation and impairment losses, if any. ROU assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease term and the useful life of the underlying asset.

The Lease liability is initially measured at the present value of the future lease payments. The lease payments are discounted using the interest rate implicit in the lease or;

if not readily determinable, using the incremental borrowing rate. Lease payments included in the measurement of the lease liability comprise fixed lease payments (including in-substance fixed payments), less any lease incentives receivable, variable lease payments that depend on an index or a rate, and payments of penalties for terminating the lease if the lease term reflects the exercise of an option to terminate the lease. The Lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect the lease payments made.

Where the Company is the lessor:

Leases in which the Company does not transfer substantially all the risks and rewards of ownership of an asset is classified as operating leases. Rental income from operating lease contracts is recognized on a straight-line basis over the lease term.

1.10 IMPAIRMENT OF NON-FINANCIAL ASSETS:

The Company assesses at each reporting date whether there is an indication that an asset may be impaired. If any indication exists, or when an annual impairment testing for an asset is required, the Company estimates the asset's recoverable amount. The recoverable amount is the higher of an asset's or Cash Generating Unit's (CGU) fair value less costs of disposal and its value in use. When the carrying amount of an asset or CGU exceeds its recoverable amount, the asset is considered impaired and is written down to in assessing value in use, the estimated future cash flows are discounted to their present value using a pretax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. ln determining fair value less costs of disposal, recent market transactions are taken into account. If no such transactions can be identified, an appropriate valuation model is used.

1.11 FOREIGN CURRENCY TRANSACTIONS:

The Company is exposed to currency fluctuations on foreign currency transactions. Transactions in foreign currency are recorded at the exchange rate prevailing on the transaction date. Exchange differences on settled transactions are recognized in the Statement of Profit and Loss.

Translation: Monetary assets and liabilities in foreign currency at year-end are translated at the closing exchange rate, with resultant exchange differences recognized in the Statement of Profit and Loss. Nonmonetary items are stated using the exchange rate at the date of transaction or when fair value was determined.

1.12 FAIR VATUE MEASUREMENT:

The Company measures financial instruments at fair value at each balance sheet date. 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:

- in the principal market for the asset or liability

- ln 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 to 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. The 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.

Assets and liabilities measured at fair value are categorized within the fair value hierarchy;

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

- Level 2: Valuation techniques with directly or indirectly observable inputs

- Level 3: Valuation techniques with unobservable inputs.

Transfers between levels in the hierarchy are reassessed at each reporting period. The Company uses various methods and assumptions, including discounted cash flow analysis and market prices, to determine fair value. All methods are approximations and may differ from actual realized values.

1.13 FINANCIAL INSTRUMENTS:

A financial instrument is any contract that results in a financial asset for one entity and a financial liability or equity instrument for another entity.

Financial Assets

Initial Recognition and Measurement: On initial recognition, financial assets are recognized at fair value, except for trade receivables which are recognized at transaction price as they do not contain a significant financing component. For financial assets recognized at fair value through profit and loss (FWPL), transaction costs are recognized in the Statement of Profit and Loss. For other financial assets, transaction costs are included in the acquisition value.

Subsequent Measurement: Financial assets are classified into the following categories for subsequent measurement:

(a) Financial assets at amortized cost: Financial assets are measured at amortized cost if held within a business model aimed at holding these assets to collect contractual cash flows, and the contractual terms give rise to cash flows that are solely payments of principal and interest. After initial measurement, these assets are measured at amortized cost using the Effective Interest Rate (EIR) method. Amortized cost takes into account discounts, premiums, and fees that are integral to the EIR. EIR amortization is included in finance income in the Statement of Profit and Loss. Impairment losses are recognized in the Statement of Profit and Loss. This category typically includes trade and other receivables, loans, and other financial

(b) Financial assets including derivatives at fair value through profit or loss (FVTPL): These financial assets are measured at fair value through profit and loss unless they are measured at amortized cost or FWOCI upon initial recognition. Transaction costs for these assets are immediately recognized in the Statement of

(c) Financial assets at fair value through other comprehensive income (FVTOCI): Derivative instruments in this category are measured at fair value initially and at each reporting date. Changes in fair value are recognized in Other Comprehensive Income (OCI).

(d) Equity instruments: Equity investments in subsidiaries and associates are measured at cost. Derecognition: A financial asset is derecognized primarily when;

(a) The right to receive cash flows from the asset has expired, or

(b) The Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a pass-through arrangement; and either (i) the Company has transferred substantially all the risks and rewards of the asset, or (ii) the Company has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset.

Upon derecognition of a financial asset, the difference between the carrying amount and the consideration received is recognized in the Statement of Profit and Loss,

Impairment of Financial Assets: The Company uses the expected credit loss (ECL) model for impairment of financial assets such as deposits, trade receivables, contract assets, and other financial assets resulting from transactions within the scope of Ind AS 115. The simplified approach is used for trade receivables and contract assets, recognizing impairment based on lifetime ECLS. For other financial assets, the Company assesses whether there has been a significant increase in credit risk since initial recognition. If credit risk has not increased significantly, twelve-month ECL is used; otherwise, lifetime ECL is applied. If credit quality improves, impairment loss allowance reverts to twelve-month ECL. ECL is the difference between contractual cash flows and the cash flows expected to be received, discounted at the original EIR.

ECL impairment loss allowance (or reversal) is recognized in the Statement of Profit and Loss under 'Other expenses.'

Financial Liabilities

Initial Recognition and Measurement: Financial liabilities are classified at initial recognition as financial liabilities at fair value through profit or loss (FWPL), payables, or derivatives designated as hedging instruments. They are recognized at fair value, with transaction costs recognized in the Statement of Profit and Loss for FVTPL liabilities, and included in the acquisition or issue value for other financial liabilities.

Subsequent Measurement: Financial liabilities, including derivatives, designated at FVTPL are measured at fair value. Other financial liabilities, such as deposits, are measured at amortized cost using the EIR method. For trade and other payables maturing within one year, the carrying amount approximates fair value. Derecognition: A financial liability is derecognized when the obligation is discharged, cancelled, or expired. An exchange or modification of terms with the same lender that results in substantially different terms is treated as derecognition of the original liability and recognition of a new one. The difference in carrying amounts is recognized in the Statement of Profit and Loss.

Offsetting of Financial Instruments: Financial assets and liabilities are offset and the net amount reported in the balance sheet if there is a legally enforceable right to offset and an intention to settle on a net basis or to realize the assets and settle the liabilities simultaneously.

1.14 TAXES ON INCOME:

Income-tax expense includes both current tax and deferred tax.

- Current Tax: This is calculated based on the taxable profit for the year in accordance with the relevant provisions of the Income Tax Act, 1961. It is recognized in the Statement of Profit and Loss unless it relates to items recognized in Other Comprehensive Income (OCI) or directly in equity. ln such cases, current tax is also recognized in OCI or equity. Advance taxes and provisions for current income taxes are presented in the balance sheet after offsetting advance tax paid and income tax provisions arising in the same tax.

-Deferred Tax: Deferred Tax reflects the Tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. It is recognized using the balance sheet method at the Tax rates that have been enacted or substantively enacted by the balance sheet date. Deferred Tax assets are recognized to the extent that it is probable that future taxable profits will be available against which the deductible temporary differences can be utilized. These assets are reviewed at each balance sheet date and written down when it is no longer probable that sufficient taxable profits will be available. Deferred Tax related to items recognized outside profit or loss is also recognized outside profit or loss, either in OCI or directly in equity.

1.15 PROVISIONS AND CONTINGENCIES:

Provisions are recognized when the company has a present obligation (legal or constructive) as a result of past events, and it is probable that an outflow of resources will be required to settle the obligation, and a reliable estimate can be made of the amount. Provisions are discounted to their present value when the effect of time value of money is material.

Contingent Liabilities are disclosed when there is a possible obligation that arises from past events, the existence of which will be confirmed by the occurrence or non-occurrence of future events not wholly within the control of the company, or a present obligation that arises from past events where it is not probable that an outflow of resources will be required or the amount of the obligation cannot be measured Contingent Assets are not recognized in the financial statements.

1.16 EARNINGS PER SHARE:

Basic earnings per share is calculated by dividing the net profit attributable to equity shareholders by the weighted average number of equities shares outstanding during the year.

Diluted earnings per share adjusts the net profit and the weighted average number of shares for the effects of all dilutive potential equity shares.

1.17 CASH & CASH EQUIVALENTS:

Cash and cash equivalents comprise cash, cheques in hand, cash at bank, and short-term deposits with maturities of three months or less. Deposits with maturities over three months are classified as "Other bank balances."

1.18 GOVERNMENT GRANTS AND SUBSIDIES:

Government grants and subsidies are recognized when there is reasonable assurance that the company will comply with the conditions attached and that the grant or subsidy will be received. Revenue-related grants are recognized in the Statement of Profit and Loss on a systematic basis over the periods necessary to match them with the related costs they are intended to compensate. Asset-related grants are deducted from the carrying amount of the asset.

1.19 NON-CURRENT ASSETS HELD FOR SALE ANO DISCONTINUED OPERATIONS:

Non-current assets or disposal groups are classified as "held for sale" if:

- A decision has been made to sell,

- They are available for immediate sale in their present condition,

- They are being actively marketed,

- Sale is expected within 12 months of the balance sheet date.

Such assets are measured at the lower of their carrying amount and fair value less costs to sell and are not depreciated or amortized.

A discontinued operation is a component that has been disposed of or is classified as held for sale and represents a separate major line of business or geographical area of operations. The results of discontinued operations are presented separately in the Statement of Profit and Loss.

1.20 SIGNIFICANT ACCOUNTING JUDGEMENTS, ESTIMATES AND ASSUMPTIONS:

The preparation of financial statements in accordance with indAS requires management to make estimates and assumptions that affect reported amounts of revenue, expenses, assets, and liabilities. Actual results may differ from these estimates. Any revisions to accounting estimates are recognized prospectively.

KEY ASSUMPTIONS AND ESTIMATING UNCERTAINTY:

These assumptions and estimates have a significant risk of causing material adjustments to the carrying amounts of assets and liabilities within the next financial year. The Company bases its assumptions and estimates on parameters available when the financial statements were prepared. Circumstances may change due to market changes or other developments beyond the Company's control, and such changes are reflected in the assumptions when they occur.

a. TAXES:

Significant management judgment is required to determine the amount of deferred tax assets that can be recognized, based on the likely timing and level of future taxable profits together with future tax planning strategies.

b. PROVISIONS:

Significant estimates are involved in determining provisions related to liquidated damages, onerous contracts, warranty costs, asset retirement obligations, and legal and regulatory proceedings, Provisions for onerous sales contracts are made when total contract costs exceed expected contract revenue. The provision for warranty, liquidated damages, and onerous contracts is based on the best estimate required

to settle the present obligation at the end of the reporting period. Legal proceedings often involve complex issues and substantial uncertainties, requiring considerable judgement in determining the probability of a present obligation and estimating the obligation amount reliably. Internal and external counsel are generally involved in this determination process. Estimates are revised periodically.

c. PROPERTY, PLANT, AND EQUIPMENT AND INTANGIBLE ASSETS:

Depreciation charges are based on estimates of an asset's expected useful life and residual value. These estimates are determined by management when the asset is acquired and reviewed periodically, including at each financial year-end. They are based on historical experience with similar assets and anticipated future events, such as changes in technology.

d. EMPLOYEE BENEFITS:

The Company's obligation for employee benefits is determined based on actuarial valuations, which involve making various assumptions that may differ from actual developments in the future. These include the determination of the discount rate, future salary increases, and mortality rates. These liabilities are highly sensitive to changes in these assumptions, and all assumptions are reviewed at each reporting date. The discount rate is based on government bond interest rates, and mortality rates are based on publicly available tables for India. Future salary increases and gratuity increases are based on expected future inflation rates.

e. IMPAIRMENT OF NON-FINANCIAL ASSETS:

The Company assesses at each balance sheet date whether there is any indication that an asset or group of assets (cash-generating unit) may be impaired. If any indication exists, the Company estimates the recoverable amount, which is the greater of the asset's net selling price and its value in use. Estimated future cash flows are discounted to present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. If the recoverable amount is less than the carrying amount, an impairment loss is recognized in the Statement of Profit and Loss. If an impairment loss no longer exists, the recoverable amount is reassessed and the asset is reflected at the recoverable amount, subject to a maximum of depreciable historical cost had no impairment been recognized.

f. IMPAIRMENT OF FINANCIAL ASSETS:

The Company assesses impairment on financial assets based on the Expected Credit Loss (ECL) model. The provision matrix is based on historically observed default rates over the expected life of the financial assets and is adjusted for forward-looking estimates. At each reporting date, the historical default rates are updated and changes in forward-looking estimates are analyzed.