1.2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

1.2.1 Statement of Compliance

The Financial Statements have been prepared in accordance with IND AS notified under the companies (Indian
Accounting Standard) Rules, 2015. The Company has adopted Indian Accounting Standard from April 1,2016 and
accordingly these standalone financial statements have been prepared with IND ASs notified by section 133 of
Companies Act, 2013 read with relevant rules issued there under from time to time, to the extent applicable to the
Company.

1.2.2 Basis of preparation of Financial statements

These financial statements are prepared in accordance with Indian Accounting Standards (IND AS), under the
historical cost convention on the accrual basis except for certain financial instruments which are measured at fair
values, the provisions of the Companies Act , 2013 (‘the Act’) (to the extent notified) and guidelines issued by the
Securities and Exchange Board of India (SEBI). The IND AS are prescribed under Section 133 of the Act read with
Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and the relevant amendment rules issued
thereafter.

Accounting policies have been consistently applied except where a newly issued Indian accounting standard is
initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto
in use.

1.2.3 Use of Estimates

The preparation of the financial statements in conformity with IND AS requires management to make estimates,
judgments and assumptions. These estimates, judgments and assumptions affect the application of accounting
policies and the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities at
the date of the financial statements and reported amounts of revenues and expenses during the period. Appropriate
changes in estimates are made as management becomes aware of changes in circumstances surrounding the
estimates. Changes in estimates are reflected in the financial statements in the period in which changes are made
and, if material, their effects are disclosed in the notes to the financial statements.

1.2.3.1 Useful lives of property, plant and equipment & capital work in progress

The Company reviews the useful life of property, equipment & Capital work in progress at the end of each reporting
period or more frequently. The reassessment may result in change in depreciation expenses in future periods.

1.2.3.2 Provisions and contingent liabilities

A provision is recognized when the company has a present obligation as a result of past event and it is probable
than an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can
be made. Provisions are discounted to its present value and are determined based on best estimate required to
settle the obligation at the balance sheet date. These are reviewed at each balance sheet date adjusted to reflect
the current best estimates. Contingent liabilities are not recognized or disclosed in the financial statements. A
contingent asset is neither recognized nor disclosed in the financial statements.

1.2.3.3 Recent Accounting Pronouncements

The Ministry of Corporate Affairs (MCA) notifies new standards and amendments to existing standards under the
Companies (Indian Accounting Standards) Rules, as amended from time to time.

Ind AS 117 - Insurance Contracts and amendments to Ind AS 116 - Leases (relating to sale and leaseback
transactions) were notified and are effective from April 1,2024. The Company has evaluated the applicability of these
pronouncements and concluded that there is no significant impact on its financial statements for the year ended
March 31,2025.

On May 9, 2025, the MCA notified amendments to Ind AS 21 - The Effects of Changes in Foreign Exchange Rates.
These amendments provide enhanced guidance on assessing currency exchangeability and estimating exchange
rates when exchangeability is lacking. The amendments are effective for annual periods beginning on or after April
1,2025. The Company is currently assessing the potential impact of these amendments on its financial statements.

1.2.4 Impairment of Assets

1.2.4.1 Financial assets (other than at fair value)

The company assesses at each balance sheet date whether a financial asset or a group of financial assets is
impaired. Ind AS 109 requires expected credit losses to be measured through a loss allowance. The company
recognizes lifetime expected losses for all contract assets and/or all trade receivables that do not constitute a
financing transaction.

1.2.5 Income Taxes

Income tax expense comprises current and deferred income tax. Income tax expense is recognized in net profit
in the statement of profit and loss except to the extent that it relates to items recognized directly in equity, in which
case it is recognized in other comprehensive income.

Deferred income tax assets and liabilities are recognized for all temporary differences arising between the tax bases
of assets and liabilities and their carrying amounts in the financial statements. Deferred tax assets are reviewed
at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will
be realized.

The company offsets current tax assets and current tax liabilities, where it has a legally enforceable right to set
off the recognized amounts and where it intends either to settle on a net basis, or to realize the asset and settle
the liability simultaneously.

1.2.6 Property, plant and equipment

Property, plant and equipment are stated at cost, less accumulated depreciation /amortization and impairment, if
any. Costs directly attributable to acquisition are capitalized until the property, plant and equipment are ready for
use, as intended by management. The cost of property, plant & equipment also includes initial estimates of
dismantling cost and restoring the site to its original position, on which the site is located.

Property, plant and equipment and intangible assets with finite life are evaluated for recoverability whenever there
is an indication that their carrying amounts may not be recoverable. If any such indication exists, the recoverable
amount (i.e. higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis
unless the asset does not generate cash flows that are largely independent of those from other assets. In such
cases, the recoverable amount is determined for the cash generating unit (CGU) to which the asset belongs. If the
recoverable amount of an asset (or CGU) is estimated to be less than its carrying amount, the carrying amount
of the asset (or CGU) is reduced to its recoverable amount. An impairment loss is recognized in the statement of
profit or loss. A previously recognized impairment loss is reversed only if there has been a change in the assumptions
used to determine the asset’s recoverable amount since the last impairment loss was recognized. The reversal is
limited so that the carrying amount of the asset does not exceed its recoverable amount, nor exceed the carrying
amount that would have been determined, net of depreciation, had no impairment loss been recognized for the asset
in prior years. Such reversal is recognized in the statement of profit or loss.

1.2.7 Investment Properties

Investment properties are measured initially at cost, including transaction costs. Subsequent to initial recognition,
investment properties are stated at cost less accumulated depreciation and accumulated impairment loss, if any.

1.2.8 Financial Instrument

The company recognizes financial assets and financial liabilities when it becomes a party to the contractual

Notes to the Standalone Financial Statements

provisions of the instrument. All financial assets (Except Net Investments) and financial liabilities (Except Borrowings)
are recognized at fair value on initial recognition, except for trade receivables and security deposits, which are
initially measured at transaction price. Transaction costs that are directly attributable to the acquisition or issue of
financial assets and financial liabilities that are not at fair value through profit or loss are added to the fair value
on initial recognition.

Financial liabilities are subsequently carried at amortized cost using the effective interest method, except for
contingent consideration recognized in a business combination, which is subsequently measured at fair value
through profit and loss.

For trade and other payables maturing within one year from the balance sheet date, the carrying amounts are
approximately at fair value due to the short maturity of these instruments.

1.2.9 Borrowings

Preference Shares are separated into equity and liability components based on the terms of the issue / contract.
On issuance of the preference shares, the fair value of the liability component is determined using a market rate
for an equivalent instrument. This amount is classified as financial liability and it is measured at amortized cost
method until it is extinguished on conversion or redemption. The reminder of the proceeds is recognized and
included in equity component is not re-measured in subsequent years.