1. Corporate Information:

Archidply Decor Limited (the 'Company') is a Listed company domiciled in India incorporated under the provisions of the
Companies Act.. The registered office of the company is atSY NO. 19 KSSIDC Industrial Area Bangalore Road, Katamachanahalli
Chintamani, Chintamani, Kolar, Karnataka, India- 563125.

Company is engaged in the business of manufacturing and trading of:

Wood Based Products: Decorative Laminates, Decorative Veneers, Plywood & Block Board, Pre-laminated Particle Board.

The Company is procuring raw material & trading goods locally as well as imports them. Goods are sold in domestic market.
The company's shares are listed in Bombay Stock Exchange Ltd. (BSE) and National Stock Exchange of India (NSE).

2. Basis of preparation of Financial Statements:

The Financial Statements have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under
Section 133 of the Companies Act 2013 ("the Act"), as notified under the Companies (Indian Accounting Standard) Rules, 2015
and other relevant provision of the Act, to the extent applicable and presentation requirements of Division II of Schedule III to
the Companies Act, 2013, (Ind AS compliant Schedule III), as applicable to the Standalone Financial Statement.

The financial statements have been prepared under historical cost convention and on an accrual basis, except for the following
items which have been measured as required by relevant Ind AS:

a) Financial Instruments classified as fair value through other comprehensive income.

b) The defined benefit loss/(profit) is recognized as at the present value of defined benefit obligation less fair value of
plan assets through other comprehensive income.

Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a
revision to an existing accounting standard requires a change in the accounting policy hitherto in use. The Company's
management evaluates all recently issued or revised accounting standards on an on-going basis.

For the year ended 31st March, 2025, MCA has not notified any new standards or amendments to the existing standards
applicable to the Company.

Where changes are made in presentation, the comparative figures of the previous years are regrouped and re-arranged
accordingly.

3. Accounting Estimates and Assumptions:

The preparation of financial statements in conformity with generally accepted accounting principles requires management to
make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent
liabilities at the date of the financial statements and the results of operations during the reporting year end. Although these
estimates are based upon management's best knowledge of current events and actions, actual results could differ from these
estimates.

4. Equity

a) Ordinary Shares

Ordinary shares are classified as Equity Share capital. Incremental costs directly attributable to the issuance of new
shares and buyback are recognized as a deduction from equity, net of any tax effects.

b) Securities Premium

The amount received in excess of the par value of equity shares has been classified as securities premium.

c) Retained Earnings

Retained earnings represent the amount of accumulated earnings of the company.

OWNED ASSET

a) Property, Plant and Equipment are stated at original cost (net of tax/ duty credit availed) less accumulated
depreciation and impairment losses except freehold land which is carried at cost. Cost includes cost of acquisition,
construction and installation, taxes, duties, freight, other incidental expenses related to the acquisition, trial run
expenses (net of revenue) and pre-operative expenses including attributable borrowing costs incurred during pre-op
erational period.

b) Subsequent costs are included in the asset's carrying amount or recognized as a separate asset, as appropriate, only
when it is probable that future economic benefits associated with the item will flow to the company and the cost of
the item can be measured reliably. The carrying amount of any component as a separate asset is derecognised when
replaced. All other repairs and maintenance are charged to profit and loss during the reporting period in which they
are incurred.

c) Assets which are not ready for their intended use on reporting date are carried as capital work-in-progress at cost,
comprising direct cost and related incidental expenses.

d) The property, plant and equipment are measured as per the historical cost and use that carrying value as the deemed
cost of the property, plant and equipment.

e) Property, Plant and Equipments including continuous process plants are depreciated and/or amortised on
straight-line basis on their useful lives as notified in Schedule II to the Companies Act, 2013. The assets residual values
and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period.

f) Depreciation is provided on a straight-line basis over its estimated useful life and in respect of additions to assets, it
has been charged on pro rata basis with reference to the period when the assets are ready for use. The provision for
depreciation for single shift has been made.

g) Useful lives of the Property, Plant and Equipment as notified in Schedule II to the Companies Act, 2013 are as follows:

Factory Building - 30 years
RCC structure Building - 60 years
Plant and Machinery -15 years
Furniture and Fixtures -10 years
Vehicles - 8 years
Office Equipments - 5 years
Computers - 3 years

LEASED ASSET (RIGHT OF USE ASSETS!

a) The Company's lease asset classes primarily consist of leases for Land and Buildings. The Company assesses whether
a contract is or contains a lease, at the inception of a contract. A contract is, or contains, a lease if the contract conveys
the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether
a contract conveys the right to control the use of an identified asset, the Company assesses whether:

(i) the contract involves the use of an identified asset

(ii) the Company has substantially all of the economic benefits from use of the asset through the period of the
lease and

(iii) the Company has the right to direct the use of the asset.

b) The right-of-use asset is a lessee's right to use an asset over the life of a lease. The Company recognises a right-of-use
asset ('ROU') and a corresponding lease liability for all lease arrangements in which it is a lessee, except for short-term
leases (defined as leases with a lease term of 12 months or less) and leases of low value assets. For these leases of
short-term and low value assets, the Company recognises the lease payments as an operating expense over the term
of the lease.

c) The right-of-use assets are initially recognised at cost, which comprises the initial amount of the lease liability
adjusted for any lease payments made (Deposits and Rentals) at or prior to the commencement date of the lease plus
any initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated
depreciation and impairment losses, if any. Right-of-use assets are depreciated from the commencement date on a
straight-line basis over the shorter of the lease term and useful life of the underlying asset.

6. Lease Property

The Company determines the lease term as the non-cancellable period of a lease, together with both periods covered by an
option to extend the lease if the Company is reasonably certain to exercise that option; and periods covered by an option to
terminate the lease if the Company is reasonably certain not to exercise that option. In assessing whether the Company is
reasonably certain to exercise an option to extend a lease, or not to exercise an option to terminate a lease, it considers all
relevant facts and circumstances that create an economic incentive for the Company to exercise the option to extend the lease,
or not to exercise the option to terminate the lease. The Company revises the lease term if there is a change in the non-cancel
lable period of a lease.

7. Lease Liabilities

Lease liability is initially measured at the present value of future lease payments. Lease payments are discounted using the
interest rate implicit in the lease or, if not readily determinable, using the incremental borrowing rate. Lease liability is subse
quently remeasured by increasing the carrying amount to reflect interest on the lease liability and reducing the carrying
amount to reflect the lease payments made.

A lease liability is remeasured upon the occurrence of certain events such as a change in the lease term or a change in an index
or rate used to determine lease payments. The remeasurement also adjusts the related leased assets.

8. Intangible Assets

Intangible assets acquired by payment e.g.. Goodwill, Trademark and Computer Software are disclosed at cost less
amortization on a straight-line basis over its estimated useful life.

9. Impairment of Assets

At each balance sheet date, the Company reviews the carrying amount of property, plant and equipment to determine
whether there is any indication of impairment loss. If any such indication exists, the recoverable amount of the assets is
estimated in order to determine the extent of impairment loss. The recoverable amount is higher of the net selling price and
the value in use, determined by discounting the estimated future cash flows expected from the continuing use of the asset to
their present value.

10. Inventories

a) Inventories related to raw materials, packing materials, stores & spares are valued at cost on weighted average basis
or net realisable value whichever is lower.

b) Waste & scraps are valued at estimated realizable value.

c) Materials in transit and Semi Finished goods are valued at cost or market value whichever is lower.

d) Finished goods and process stock include all cost of purchases, cost of conversion and other related costs incurred in
bringing the inventories to their present location and condition.

e) Finished goods are valued at cost or net realizable value whichever is lower. Net realizable value is the estimated
selling price in the ordinary course of business less the estimated cost of completion and the estimated costs
necessary to make the sale.

f) Obsolete, defective and unserviceable stocks are duly provided for.

11. Cash Flow Statement

Cash flows are reported using indirect method, whereby profit before tax is adjusted for the effects of transactions of a
non-cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flow from regular revenue
generating, financing and investing activities of the Company is segregated.

Cash and cash equivalents in the balance sheet comprise cash at bank, cash/cheques in hand and short term investments
(excluding pledged term deposits) with an original maturity of less than twelve months.

12. Financial Instruments

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity
instrument of another entity.

A. Financial Assets

(i) Initial Recognition and Measurement

The Company classifies its financial assets as those to be measured subsequently at fair value (either through other
comprehensive income, or through profit or loss) and those to be measured at amortized cost.

(ii) Subsequent Measurement

For purposes of subsequent measurement, financial assets are classified in following categories:

a) Debt instruments measured at amortized cost using the effective interest rate method and losses arising from
impairment are recognized in Profit and Loss if both the following conditions are met:

• The asset is held within a business model whose objective is to hold assets for collecting contractual cash
flows, and

• Contractual terms of the asset give rise on specified dates to cash flows that are solely payments of principal
and interest (SPPI) on the principal amount outstanding.

b) Equity instruments at fair value through other comprehensive income.

c) Equity instruments at fair value through profit or loss (FVTPL)

d) Equity Instruments in subsidiaries are carried at cost, in accordance with option available in Ind AS 27 "Separate
Financial Statements".

(iii) De-Recognition

A financial asset is de-recognized only when the Company has transferred the rights to receive cash flows from the
financial asset, or when it has transferred substantially all the risks and rewards of the asset, or when it has
transferred the control of the asset.

(iv) Impairment of Financial Assets

In accordance with Ind AS 109, the Company applies Expected Credit Loss (ECL) model for measurement and
recognition of impairment loss on the Trade receivables or any contractual right to receive cash or another financial
asset that result from transactions that are within the scope of Ind AS 11 and Ind AS 18.

The Company follows 'simplified approach' for recognition of impairment loss allowance on trade receivables.

The application of simplified approach does not require the Company to track changes in credit risk. Rather, it
recognises impairment loss allowance based on lifetime ECL at each reporting date, right from its initial recognition.

As a practical expedient, the Company uses historically observed default rates over the expected life of the trade
receivables and is adjusted for forward-looking estimates to determine impairment loss allowance on portfolio of its
trade receivables.

B. Financial Liabilities:

i) Classification as debt or equity - Debt and equity instruments are classified as either financial liabilities or as equity
in accordance with the substance of the contractual arrangement.

ii) Equity instruments - An equity instrument is any contract that evidences a residual interest in the assets of an entity
after deducting all of its liabilities. Equity instruments issued by the Company are recognised at the proceeds received,
net of direct issue costs.

iii) Initial Recognition and Measurement -

All Financials Liabilities are recognized net of transaction costs incurred.

iv) Subsequent Measurement -

After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using
the Effective Interest Rate ("EIR") method. Gains and losses are recognised in profit or loss when the liabilities are
derecognised through the EIR amortisation process.

v) De-Recognition -

All Financials Liabilities are removed from balance sheet when the obligation specified in the contract is discharged,
cancelled or expired.

When an existing financial liability is replaced by another from the same lender on substantially different terms, or the
terms of an existing liability are substantially modified, such an exchange or modification is treated as the
de-recognition of the original liability and the recognition of a new liability. The difference in the respective carrying
amounts is recognised in the statement of profit and loss.

13. Revenue Recognition:

Revenue comprises of all economic benefits that arise in the ordinary course of activities of the Company which result in
increase in Equity, other than increases relating to contributions from equity participants. Revenue is recognized to the extent
that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is
measured at the fair value of the consideration received or receivable.

Sale of Goods: As per Ind AS 115 'Revenue from contracts with customers', Revenue from sale of goods is recognised when
control of the products being sold is transferred to the customer and when there are no longer any unfulfilled obligations. The
Performance Obligations in our contracts are fulfilled at the time of dispatch, delivery or upon formal customer acceptance
depending on terms with customers. The Company derives revenue principally from sale of Plywood, Laminates, Decorative
Veneers, MDF and Flush Doors. Revenue shown in the Statement of Profit and Loss are inclusive of the value of
self-consumption, but excludes Goods & Service Tax (GST), inter-transfers, returns, trade discounts, other benefits passed to
customers in kind..

Services: Revenue from Services are recognized as and when the services are rendered. The Company collects Goods & Service
Taxon behalf of the government and therefore, it is notan economic benefit flowing to the Company and hence excluded from
Revenue.

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

Insurance Claims: Insurance Claims are accounted for on acceptance and when there is a reasonable certainty of receiving the
same, on grounds of prudence.

14. Foreign Currency Transactions:

The Company's financial statements are presented in Indian Rupees ('INR'), which is also the Company's functional currency.

Foreign currency transactions are recorded on initial recognition in the functional currency, using the exchange rate at the date
of the transaction. At each balance sheet date, foreign currency monetary items are reported using the closing exchange rate.
Exchange differences that arise on settlement of monetary items or on reporting at each balance sheet date of the Company's
monetary items at the closing rate are recognised as income or expenses in the period in which they arise.

Non-monetary items which are carried at historical cost denominated in a foreign currency are reported using the exchange
rate at the date of the transaction. Non-monetary items measured at fair value in a foreign currency are translated using the
exchange rate at the date when the fair value is determined.

15. Employee Benefits:

Short-term employee benefits are recognized as an expense at the undiscounted amount in the Statement of Profit and Loss
of the year in which the related service is rendered.

Post Employment and Retirement benefits in the form of Gratuity and Leave Encashment are considered as defined benefit
obligations and is provided for on the basis of third party actuarial valuation, using the projected unit credit method, as at the
date of the Balance Sheet. Every Employee who has completed five years or more of service is entitled to Gratuity on terms not
less favorable than the provisions of The Payment of Gratuity Act, 1972.

The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows by
reference to market yields at the end of reporting period on government bonds that have terms approximating to the terms of
the related obligation

Re-measurement gains and losses arising from experience adjustments and changes in actuarial assumptions of the defined
benefit obligation are recognized in the period in which they occur, directly in other comprehensive income. They are included
in retained earnings in the statement of changes in equity and in the balance sheet.

Employee benefits in the form of Provident Fund is considered as defined contribution plan and the contributions to
Employees' Provident Fund Organization established under The Employees' Provident Fund and Miscellaneous Provisions Act
1952 is charged to the Statement of Profit and Loss of the year when the contributions to the respective funds are due. The
Company pays provident fund contributions to publicly administered provident funds as per local regulations.

The Company has no further payment obligations once the contributions have been paid.

16. Borrowing Costs:

Borrowing costs are interest and other costs (including exchange differences relating to foreign currency borrowings to the
extent that they are regarded as an adjustment to interest costs) incurred in connection with the borrowing of funds.

General and specific borrowing costs that are directly attributable to the acquisition or construction of qualifying assets are
capitalised as part of the cost of such assets during the period of time that is required to complete and prepare the asset for
its intended use. A qualifying asset is one that takes necessarily substantial period of time to get ready for its intended use.

All other borrowing costs are expensed in the period in which they are incurred.

17. Accounting for Taxes on Income:

Tax expenses comprise of current tax and deferred tax including applicable surcharge and cess.

Current Income tax is computed using the tax effect accounting method, where taxes are accrued in the same period in which
the related revenue and expenses arise. A provision is made for income tax annually, based on the tax liability computed, after
considering tax allowances and exemptions. Provisions are recorded when it is estimated that a liability due to disallowances
or other matters is probable.

Deferred tax is provided using the balance sheet approach on temporary differences at the reporting date between the tax
bases of assets and liabilities and their carrying amounts for financial reporting purposes at the reporting date. Deferred tax
liabilities are recognised for all taxable temporary differences. Deferred tax assets are recognised for all deductible temporary
differences, the carry forward of unused tax credits and any unused tax losses. Deferred tax assets are recognized to the extent
that it is probable that taxable profits against which the deductible temporary differences, and the carry forward unused tax
credits and unused tax losses can be utilised.

Deferred tax is recognised in the statement of profit and loss, except to the extent that it relates to items recognized in other
comprehensive income. As such, deferred tax is also recognised in other comprehensive income.

Deferred Tax Assets and Deferred Tax Liabilities are offset, if a legally enforceable right exists to set off current tax assets against
current tax liabilities and the Deferred Tax Assets and Deferred Tax Liabilities relate to taxes on income levied by same
governing taxation laws.

18. Contingent Liabilities & Contingent Assets:

Contingent liabilities are not provided for but are disclosed by way of Notes on Accounts. Contingent liabilities is disclosed in
case of a present obligation from past events

(a) when it is not probable that an outflow of resources will be required to settle the obligation;

(b) when no reliable estimate is possible;

(c) unless the probability of outflow of resources is remote.

Contingent assets are neither accounted for nor disclosed by way of Notes on Accounts where the inflow of economic benefits
is probable.

19. Current And Non- Current Classification:

The Normal Operating Cycle for the Company has been assumed to be of twelve months for classification of its various assets
and liabilities into "Current" and "Non-Current".

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

An asset is current when it is

(a) expected to be realised or intended to be sold or consumed in normal operating cycle

(b) held primarily for the purpose of trading

(c) expected to be realised within twelve months after the reporting period

(d) Cash and cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months
after the reporting period.

(e) All other assets are classified as non-current.

A liability is current when

(a) it is expected to be settled in normal operating cycle

(b) it is held primarily for the purpose of trading

(c) it is due to be discharged within twelve months after the reporting period

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

(e) All other liabilities are classified as non-current.

Deferred tax assets and liabilities are classified as non-current assets and liabilities.

20. Earnings Per Share

Earnings per share are calculated by dividing the net profit or loss before OCI for the year attributable to equity shareholders
by the weighted average number of equity shares outstanding during the period. For the purpose of calculating diluted
earnings per share, the net profit or loss before OCI for the period attributable to equity shareholders and the weighted
average number of shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares.

21. Segment Reporting

The company is engaged in the business of manufacturing and trading of wood based products and therefore has only one
reportable segment in accordance with IND AS-108 "Operating Segments".