Significant Accounting Policies:

• The company has implemented following Accounting Policies for the year under
review and the same have been consistently applied by the Company and are used in the
previous year.

• . Mercantile accounting System: The Company follows the mercantile system of
accounting and recognizes income and expenditure on an accrual basis except for certain
financial instruments which are measured at fair values.

• Accounting Software : Company has maintained accounts on the computerized
Tally Software which is widely used in industry.

• Fixed Assets : Assets are stated at deemed cost less depreciation.

• Depreciation Method :

Depreciation methods, estimated useful lives less residual value

On plant and equipment, the depreciation is provided as per the life specified for continuous
Industrial unit in Schedule II to Companies Act, 2013.

• Investments:

Long-term Investments are valued at cost of acquisition (including cost of purchase,
brokerage, and other related expenses and other related expenses incurred thereon).
However, provision be made for any diminution in value, other than temporary, in which
case the carrying value is reduced to recognize the decline and the same is being reversed
when value of those investments is improved.

• Cash and cash equivalents:

Cash and cash equivalents in the balance sheet and cash flow statement comprise cash at
banks and on hand and short-term deposits with an original maturity of three months or
less, which are subject to an insignificant risk of changes in value

• Deferred tax assets and liabilities: It is classified as non-current assets and
liabilities. The operating cycle is the time between the acquisition of assets for processing
and their realisation in cash and cash equivalents. The Company has identified twelve
months as its operating cycle

• Current versus non-current classification

The Company presents assets and liabilities in the balance sheet based on current/non-
current classification.

An asset is treated as current when it is:

S expected to be realized or intended to be sold or consumed in normal operating
cycle;

S held primarily for the purpose of trading;

S expected to be realized within twelve months after the reporting period; or

S cash or cash equivalent unless restricted from being exchanged or used to settle a
liability for at least twelve months after the reporting period.

All other assets are classified as non-current.

A liability is current when:

S expected to be settled in normal operating cycle;

S held primarily for the purpose of trading;

S due to be settled within twelve months after the reporting period; or

S there is no unconditional right to defer the settlement of the liability for at least
twelve months after the reporting period.

The Company classifies all other liabilities as non-current

• Dues from micro and small enterprises as defined under the Micro, Small and
Medium Enterprises Development (MSMED) Act, 2006.

• The company is under process of identifying dues from Micro, Small and Medium
Enterprises.

• Contingent liabilities and contingent assets:

Contingent liabilities : Contingent liabilities are disclosed when there is a possible
obligation arising from past events, the existence of which will be confirmed only by the
occurrence or non occurrence of one or more uncertain future events not wholly within the
control of the company or a present obligation that arises from past events where it is either
not probable that an outflow of resources will be required to settle or a reliable estimate of
the amount cannot be made.

Contingent assets : Contingent assets are neither recognized nor disclosed in the financial
statements.

B. RECENT INDIAN ACCOUNTING STANDARDS (IND AS) Ministry of Corporate
affairs (MCA) has notified new standards or amendment to the existing standards:

Ministry of Corporate Affairs ("MCA") notifies new standard or amendments to the existing
standards under Companies (Indian Accounting Standards) Rules as issued from time to
time. On March 31, 2023, MCA amended the Companies (Indian Accounting Standards)
Rules, 2015 by issuing the Companies (Indian Accounting Standards) Amendment Rules,
2023, applicable from April 1, 2023.

• Ind AS 1 - Presentation of Financial Statements

The amendments that are required to be disclose by the company have been disclosed their
material accounting policies rather than their significant accounting policies. Accounting
policy information, together with other information, is material when it can reasonably be
expected to influence decisions of primary users of general-purpose financial statements.

The financial statements comprising the Balance Sheet as at March 31, 2024, Profit and Loss
including standalone other comprehensive income, the Cash Flow Statement, the and the
notes to financial statements for the year ended on that date.

The Company's accounts have been prepared in accordance with Indian Accounting
Standards (Ind AS) notified under Section 133 of the Companies Act, 2013 ("the Act") read
with the Companies (Indian Accounting Standards) Rules, 2015 (as amended from time to
time) and presentation requirements of Division II of Schedule III to the Companies Act,
2013, (Ind AS compliant Schedule III), as applicable and other relevant provisions of the Act.

The financial statements have been prepared on a historical cost basis, except for assets and
liabilities which are required to be measured at fair value. The financial statements are
presented in Indian Rupees ("INR") and all values are rounded to the nearest lakhs (INR
00,000), except when otherwise indicated.

The material accounting policies adopted for preparation and presentation of financial
statements have been applied consistently.

The Company has prepared the financial statements on the basis that it will continue to
operate as a going concern.

• IND AS-7 Statement of Cash flow statement.

The statement of cash flows has reported cash flows during the period classified by
operating, investing and financing activities.

The entity has reported cash flows from operating activities using the direct method,
whereby major classes of gross cash receipts and gross cash payments

are disclosed;

• IND AS 8 - Accounting Policies, Changes in Accounting Estimates and Errors :

The definition of a "change in accounting estimates" has been replaced with a definition of
"accounting estimates". Accounting estimates are defined as "monetary amounts in
financial statements that are subject to measurement uncertainty". Entities develop
accounting estimates if accounting policies require items in financial statements to be
measured in a way that involves measurement uncertainty. The Company is in the process
of evaluating the impact of these amendments.

The estimates and judgments used in the preparation of the financial statements are
continuously evaluated by the company and are based on historical experience and various
other assumptions and factors (including expectations of future events) that the company
believes to be reasonable under the existing circumstances.

Differences between actual results and estimates are recognized in the period in which the
results are known/materialised.

The said estimates are based on the facts and events, that existed as at the reporting date, or
that occurred after that date but provide additional evidence about conditions existing as at
the reporting date.

The estimates and judgments that have significant risk of causing a material adjustment to
the carrying amounts of assets and liabilities within the next financial year, are included.

• IND AS 12 - Income Taxes :

The amendments clarify how companies account for deferred tax on transactions such as
leases and decommissioning obligations. The amendments narrowed the scope of the Initial
recognition exemption of Ind AS 12 so that it no longer applies to transactions that, on initial
recognition, give rise to equal taxable and deductible temporary differences. Accordingly,
companies will need to recognise a deferred tax asset and a deferred tax liability for
temporary differences arising on transactions such as initial recognition of a lease and a
decommissioning provision.

Current income tax

Current income tax assets and liabilities are measured at the amount expected to be
recovered from or paid to the taxation authorities. The tax rates and tax laws used to
compute the amount are those that are enacted or substantively enacted, at the reporting
date. Current income tax relating to items recognized outside the Statement of Profit and
Loss is recognized outside the Statement of Profit and Loss (either in OCI or in equity in
correlation to the underlying transaction). Management periodically evaluates whether it is
probable that the relevant taxation authority would accept an uncertain tax treatment that
the Company has used or plan to use in its income tax filings, including with respect to
situations in which applicable tax regulations are subject to interpretation and establishes
provisions, where appropriate.