Significant Accounting Policies

1.1 Basis of preparation of financial statements

s^th^e^ccou^0O,nJ^^{)ncem basis In} accordance with Generally Accepted Accounting Principles in India (GAAP) and comply m all mat«*nal

r,'* - - ~

1.2 Historical Cost Convention

finana^stetements'are^n^stert^h^raTof^re^ousyear.^baSlS ^ ^ ^h'^S,°^riCal “^{nventon The} accounting policies adopted in the preparation of

1.3 Use of estimates

disclosuref ^ rontingenMiab!li ti« ^Uhat^nf\h⁶ ™^anagem*^{nt to make estimates and} assumptions that affect the reported amounts of assets and liabilities

from these estates* Z* *" '**** * '^{1¥#rMJ# 3nd eXpcnses for me Actual resu,ts} <*"*

y uch accounting estimates is recognized prospectively in current and future periods.

1.4 Property, plant and equipment

c^dtld^te purd^M Historical cost includes expenditure that is directly attributable to the acquisition of the items.

“ of costal °' h""⁹'"⁹ ^ ^a"^d ^

assoa^ed^^ftettem^M flwToTh^^OToanv^d^h^msf TZ?*"* Z ' ^PPE' ^{35 appr}°^pda,e’ " ^ls <ha. future economic beneMs

asset is derecognised when r^la^d AlZer reoa^n? T ^b* ^{meaSUred reliably The} “"*« ^{amount of any} component accounted for as a separate

incurred. * ^{P a}"^{d ma,ntenance are} barged to the Statement of Profit and Loss during the reporting penod in which they are

1.5 Depreciation

ready^oMheiMmendecTuse ^d^sramouted on n^' "t 'h'h⁶ T'T ^{presciibe<i under Part C of} Schedule II to the Ad Depreciation commences when the assets are
of assets are same as those prescn““ch_edu'e ^to the" °' ^aCqU'^Si“°ⁿ““ ^da,e °^{f sale/ dlsdosal}' ^Ma™gement believes that useful We

1.6 Inventories

Inventories are valued at lower of cost or estimated net realisable value. As on 31st March Company does not have any inventory in its books.

1.7 Revenue recognition

^l^^r®!°⁹™^{Sedt0 the e}j^rte"^{t that rt is} Potable that the economic benefits will flow to the Company and the revenue can be reliably measured regardless of
aa»unt awtradually ^AneiHems^nd^xdudir^ptoeTo^duties^liKted on^eh^dlh^govem^mh ^ ^rec8'^wab^^{e ne(} 01 discounts, returns a *d rebate^talun^muj

sLnffiSnt un^nti^r^ing^ery^'ih^s^^ °^f “"*** ^N° ^{revenue is recognised ,f there are}

b) Interest income is accrued on a time proportion basis, by reference to the principal outstanding and the applicable effective interest rate.

c) Dividend income from investments is recognised when the shareholder's rights to receive payment have been established.

1.8 Investments

a) Company does not have any long term investment as on 31st March 2024.

b) Current investments are stated at lower of cost and fair market value determined on an individual investment basis Lonn term ^

provision for diminution other than temporary in the value of such investments. investment basis. Long-term investments are stated at cost less

1.9 Borrowing costs

r^7c,r_to^ar^ⁿe^d^r ^{that me COmPany inCUrS in <}“⁰ⁿ ^ ^the °' ^ ^and * <° ». effect interest

1.10 Employee benefits

Company does not provided any Employee benefit provision in financials as company does not cross the required limit of no of Employees.

(fl) Post-employment Obligations
(I) Short-term Obligations

1.11 Accounting for taxes on income

a) Current tax is determined as the amount of tax payable in respect of taxable income for the year as per the provisions of the Income Tax Act, 1961

b) Deferred tax is recognized, subject to consideration of prudence, on timing difference, being the difference between taxable incomes and accountina income that

onginate in one penod and are capable of reversal in one or more subsequent penods and measured using relevant enacted tax rates. ⁹

1.12 Operating lease

A. Where Co is lessee

tT* ^{aSSeta under wtlich a}" ^{the risk and rewards} °^f ownership are effectively retained by the lessor are classified as operating leases. Lease payments under
operating leases are recognized as an expense on accrual basis in accordance with the respective lease agreements. ^V

B. Where Co It lessor

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

1.13 Foreign currency transactions

Transactions in foreign currencies are recognised at the prevailing exchange rates on the transaction dates. Realised gains and losses on settlement of foreign currency
transactions are recognised in the Statement of Profit and Loss.

Monetary foreign currency assets and liabilities at the year-end are translated at the year-end exchange rates and the resultant exchange differences are recognised in
the Statement of Profit and Loss.

1.14 Eamlngs per share

Basic eamlngs per share are computed by dividing the profit / (loss) after tax by the weighted average number of equity shares outstanding during the year The
weighted average number of equity shares outstanding during the year is adjusted for the events for bonus issue, bonus element in a rights issue to existing
shareholders, share split and reverse share split (consolidation of shares): Diluted earnings per share is computed by dividing the profit / (loss) after tax as adjusted for
dividend, interest and other charges to expense or income (net off any attributable taxes) relating to the dilutive potential equity shares, by the weighted average number
of equity shares considered for deriving basic earnings per share and the weighted average number of equity shares which could have been issued on conversion of all
dilutive potential equity shares.