1 Corporate Information
Julien Agro Infratech Limited (formerly Silverpoint Infratech Limited) (the Company) is a Public Limited Company
domiciled in India and incorporated under the provisions of the Companies Act. Its shares are listed on one stock
exchange in India. The Company is in the business of providing land development, construction services and other
related services for civil & structural construction and infrastructure sector projects. The registered office of the
Company is located at 85 Bentick Street 5th Floor, Yashoda Chamber, Room No. 6 Kotkata • 700001.
The standalone financial statements were approved and authorised for issue in accordance with the resolution of
the Company's Board of Directors on 28th May 2025.
ttff Basis of Preparation
• The standalone financial statements of the Company for the year ended 31 March, 2025 have been prepared in
accordance with Indian Accounting Standards ("Ind AS”) notified under 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 to the financial statements.
The preparation of financial statements require judgements, estimates and assumptions to be made that affect
the reported amount of assets and liabilities including contingent liabilities on the date of the financial
statements and the reported amount of revenues and expenses during the reporting period. Difference between
actual results and estimates are recognized in the period prospectively in which the results are known/
materialized.
These financial statements have been prepared on a historical cost basis, except for
• Certain financial assets and liabilities (including derivative financial instruments) measured at fair value /
amortized cost.
• Defined benefit plans plan assets measured at fair value.
• Certain biological assets (including unplucked green leaves) which are measured at fair value less cost to sell,
(refer accounting policy regarding financial instruments).
The financial statements are presented in INR and all values are rounded to the nearest lakhs (INR 00,000), except
when otherwise indicated.
The Company has prepared the financial statements on the basis that it wilt continue to operate as a going
concern.
## Material Accounting Policies
Ý Current and Non-Current classification
The Company segregates assets and liabilities into current and non-current categories for presentation in the
balance sheet after considering its normal operating cycle and other criteria set out in Ind AS 1, “Presentation of
Financial Statements”. For this purpose, current assets and liabilities include the current portion of non-current
assets and liabilities respectively.
Deferred tax assets and liabilities are always classified as non-current.
The operating cycle is the time between the acquisition of assets for processing and their realization in cash and
cash equivalents. The Company has identified period up to twelve months as its operating cycle.
• Foreign Currencies
Functional and presentation currency
The financial statements are presented in INR, which is the Company's functional currency. Foreign currency
transactions are initially recorded at functional currency spot rates at the date the transaction first qualifies for
recognition.
• Property, Plant and Equipment
Property, plant and equipment are carried at cost of acquisition, less accumulated depreciation and accumulated
impairment, if any. Cost comprises purchase price and directly attributable cost of bringing the asset to its
working condition for the intended use. When significant parts of plant and equipment are required to be replaced
at intervals, the Company depreciates them separately based on their specific useful lives. Likewise, when a
major inspection is performed, its cost is recognised in the carrying amount of the plant and equipment as a
replacement if the recognition criteria are satisfied. All other repair and maintenance costs are recognised in the
Statement of Profit and Loss as incurred. The present value of the expected cost for the decommissioning of an
asset after its use is included in the cost of the respective asset if the recognition criteria for a
provision are met. Material items such as spare parts, stand-by equipment and service equipment are classified as
PPE when they meet the definition of PPE as specified in Ind AS 16 Property, Plant and Equipment.
An item of Property, Plant and Equipment and any significant part initially recognised is derecognised upon
disposal or when no future economic benefits are expected from its use or disposal. Gains or losses arising from
derecognition of the asset are measured as the difference between the net disposal proceeds and the carrying
amount of the asset and are recognized in the Statement of Profit and Loss when the asset is derecognized.
Depreciation on Property, Plant and Equipment other than land is provided on the Straight Line Method to allocate
their cost, net of their residual values on the basis of useful lives prescribed in the Schedule II of the Companies
Act, 2013.
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