SIGNIFICANT ACCOUNTING POLICIES:

I. Basis of Accounting

A. The financial statements of the Company have been prepared in accordance with the Generally Accepted Accounting Principles in India (Indian GAAP). The Company has prepared these financial statements to comply, in all material respects, with the Accounting Standards notified under Section 133 of the Companies Act, 2013, read together with Paragraph 7 of the Companies (Accounts) Rules, 2014. The financial statements have been prepared on an accrual basis and under the historical cost convention.

B. The Company follows the accrual system of accounting in the preparation of its accounts, except where otherwise stated.

II. Property, Plant and Equipment

The cost of an item of Property, plant and equipment comprises:

I. its purchase price, including import duties and non-refundable purchase taxes, after deducting trade discounts and rebates

II. any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

III. the initial estimate of the costs of dismantling, removing the item and restoring the site on which it is located, referred to as decommissioning, restoration and similar liabilities.

Subsequent expenditure related to an item of Property, Plant and Equipment is recognised in the carrying amount of such item when that cost is incurred and the recognition principles are met.

The gain or loss arising from the derecognition of an item of Property, Plant and Equipment is included in the Statement of Profit and Loss when the item is derecognized. Such gains are not classified as revenue as defined in AS-9, Revenue Recognition.

The gain or loss arising from the derecognition of an item of Property, Plant and Equipment is determined as the difference between the net disposal proceeds, if any, and the carrying amount of the item.

III. Depreciation

Depreciation on Property, Plant and Equipment is provided using the Written Down Value (WDV) method based on the useful lives of assets prescribed under Schedule II to the Companies Act, 2013. The depreciable amount of an asset is determined after deducting its residual value.

Depreciation of an asset begins when it is available for use, i.e., when it is in the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation of an asset ceases at the earlier of the date that the asset is retired from active use and held for disposal, and the date that the asset is derecognised

IV. Revaluation of Fixed Assets

No Revaluation of Fixed Assets has been done the financial Year.

V. Lease Transactions

Leases where the lessor effectively retains substantially all the risks and rewards of ownership of the leased assets are classified as operating leases. Operating lease payments are recognised as an expense in the Statement of Profit and Loss on a basis that reflects the time pattern of such payments appropriately.

VI. Investment

Investments that are readily realisable and intended to be held for not more than one year from the date on which such investments are made are classified as current investments. All other investments are classified as long-term investments.

VII. Inventories

Inventories are valued at the lower of cost and net realisable value. Cost of finished goods is determined by including direct materials, labor, other expenses and an appropriate proportion of overheads based on normal operating capacity. Cost of finished goods is determined using the FIFO method. Net realisable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and costs necessary to make the sale. Cost of raw materials, stores and spares is determined on a FIFO basis. By-products are valued at net realisable value

VIII. Revenue Recognition

Revenue is recognised in accordance with Accounting Standard (AS) 9 - Revenue Recognition. Revenue from the sale of goods is recognised when significant risks and rewards of ownership are transferred to the buyer

there is no significant uncertainty regarding the amount of consideration and its ultimate collection. Revenue from services is recognised as and when services are rendered. Interest income is recognised on a time proportion basis and dividend income is recognised when the right to receive payment is established. Sales have been stated net of taxes and duties.

IX. Government Grants and subsidies

Grants and subsidies from the Government are recognised when there is reasonable assurance that (i) the Company will comply with the conditions attached to them, and (ii) the grant/subsidy will be received.

Where the grant or subsidy relates to revenue, it is recognised as income on a systematic basis in the Statement of Profit and Loss over the periods necessary to match it with the related costs which it is intended to compensate.

Where the grant relates to an asset, it is recognised as deferred income and released to income in equal amounts over the expected useful life of the related asset.

Where the Company receives non-monetary grants, the asset is accounted for on the basis of its acquisition cost. In case a non-monetary asset is given free of cost, it is recognised at a nominal value.

Government grants of the nature of promoters' contribution are credited to Capital Reserve and treated as part of shareholders' funds.

X. Foreign Currency Transactions

Transactions denominated in foreign currency are normally recorded at the exchange rate prevailing on the date of the transaction.

Monetary items denominated in foreign currency at the year-end and not covered under forward exchange contracts are translated at the year-end rates.

Any income or expense arising on account of exchange differences between the date of the transaction and the date of settlement, or on translation, is recognised in the Statement of Profit and Loss except where such differences relate to the acquisition of fixed assets, in which case they are adjusted to the carrying cost of such assets.

XI. Provisions

Provisions are recognised where the Company has a legal or constructive obligation as a result of past events, and where a reliable estimate can be made of the amount of the obligation, and it is probable that an outflow of economic benefits will be required to settle the obligation. These are reviewed at each Balance Sheet date and adjusted to reflect the current best estimate.

XII. Earnings Per Share

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period. The weighted average number of equity shares outstanding during the period is adjusted for events such as bonus issues and the bonus element in a rights issue to existing shareholders.

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

XIII. Proposed Dividend

No Dividend is proposed for the year.

XIV. Employee benefits plan

i. Provision for gratuity has not been made as no employee has completed the qualifying period of service required for entitlement of the benefit. This is not in compliance with Accounting Standard (AS) 15 issued by ICAI, as the Company has not determined the liability as required by the revised AS-15. However, additional liability, if any, will be provided subsequently. The quantum of such liability is presently unascertainable.

ii. As the Company has not separately invested any gratuity liability in specific Government Bonds/Securities, there is no change in plan assets.

iii. Provisions relating to Provident Fund are applicable to the Company, and the Company has determined its liability towards contribution to the Provident Fund as at the year-end. The Company has deducted and contributed the required amount to the Provident Fund Scheme.

iv. Disclosures as required by the revised AS-15 have not been provided in view of Notes (i), (ii) and (iii) above.

XV. Taxes on Income

Tax expense comprises both current tax and deferred tax. Current tax is provided on the taxable profit of the year at the applicable tax rates. Deferred tax reflects the impact of timing differences between taxable income and accounting income for the year and the reversal of timing differences of earlier years.

XVI. Contingent Liability

Liabilities that are material and whose future outcome cannot be reasonably ascertained are treated as contingent liabilities and are not provided for but are disclosed by way of notes to the accounts. No contingent liability exists as at the end of the financial year.

XVII. Employee Stock Option Scheme

The Company has instituted ATL ESOP 2024 pursuant to the approval of the shareholders obtained onSeptember 30, 2024, in accordance with the provisions of Section 62(1)(b) of the Companies Act, 2013 andthe SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The Scheme is intended to attract, motivate and retain employees and to align employee interests with the long-term growth objectives of the Company.

Accounting Policy

The Company accounts for employee stock options using the Intrinsic Value Method in accordance with the Guidance Note on Accounting for Employee Share-based Payments issued by the Institute of Chartered Accountants of India.

The intrinsic value of the options represents the excess of the market price of the Company's equity shares on the date of grant over the exercise price payable by the employees.

The exercise price under ATL ESOP 2024 is ?10 per option. The closing market price of the Company's equity shares on the grant date was ?96.10 per share.

Accordingly, the intrinsic value of each option granted was ?86.10 per option.

Employee compensation cost in respect of the options granted is being amortized over the respective vesting period of the grants in accordance with the accounting policy of the Company.

No options vested or were exercised during the financial year ended March 31, 2026 and consequently no equity shares were allotted under the Scheme during the year.