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GRAND FOUNDRY LTD.

28 October 2024 | 03:44

Industry >> Steel - Bright Bars

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ISIN No INE534A01028 BSE Code / NSE Code 513343 / GFSTEELS Book Value (Rs.) -1.63 Face Value 4.00
Bookclosure 29/09/2023 52Week High 10 EPS 0.00 P/E 0.00
Market Cap. 25.84 Cr. 52Week Low 7 P/BV / Div Yield (%) -5.21 / 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 :2015-03 
1. Accounting Policies : -

(a) Method of accounting

The financial statement are prepared on accrual basis under the historical cost conventions.

(b) Fixed Assets

Fixed Assets are stated at cost less depreciation. Depreciation is provided on Written Down Value method, and Straight Line Method basis for some assets, as per the Schedule II of the Companies Act, 2013

(c) Borrowing Cost

Borrowing cost include interest, fees and other charges incurred in connection with the borrowing of funds and is considered as revenue expenditure for the year in which it is incurred except for borrowing costs attributed to the acquisition / improvement of qualifying capital assets and incurred till the commencement of commercial use of the asset and which is capitalised as cost of the asset.