1. Basis of Preparation of Financial Statements:
These Financial statements are prepared in accordance with Indian Accounting Standard (Ind
AS), under the historical cost convention on accrual basis except for certain financial
instruments which are measured at fair values (IND AS 109), 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 relevant
amendment rules issued thereafter.
2. Fixed Assets:
The company does not own any fixed assets as at 31st March, 2025
3. Depreciation:
As there is no Fixed Assets during the year, Depreciation is not provided as per Schedule II of the
Companies Act, 2013.
4. Investments:
Long term investments are stated at cost, Provision for diminution in value of long-term
investments are made only if there is a decline other than temporary in the opinion of the
management.
5. Shares & Securities:
All Shares & Securities are recognized at fair value as per IND AS 109 “FINANCIAL
INSTRUMENTS”
6. Financial Statements are prepared based on Indian Accounting Standards
7. Taxes on Income:
Current income tax expense represents the tax on income payable determined according to the
provisions of the Income Tax Act, 1961.
Deferred Tax Expense / Benefit is recognized on timing differences between the taxable income
and accounting income that originate in one period and are capable of reversal in one or more
subsequent periods. Deferred Tax assets and liabilities are measured using the tax rates and tax
laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax
assets consisting of unabsorbed depreciation and carry forward of losses are recognized only to
the extent that there is virtual certainty that sufficient future taxable income will be available to
realize these assets.
8. Earnings per Share:
The Basic earnings per share is computed by dividing the net profit after tax for the period by
the weighted average number of Equity Shares outstanding during the period. Diluted earnings
per share, if any is computed using the weighted average number of equity number of equity
shares and dilutive potential equity shares outstanding during the period except when the
results are anti-dilutive.
9. Impairment of Assets:
Except otherwise than the Financial Assets, Inventories and Deferred Tax Asset, the Carrying
Amounts of all the Assets are reviewed at each balance sheet date to determine any indications
of impairment applying IND AS 36. An asset is treated as impaired when the carrying cost of
assets exceeds its recoverable value. An impairment loss charged to the Profit and Loss Account
in the year in which an asset is identified as impaired. The Impairment loss recognized in prior
accounting periods is reversed if there has been a change in the estimate of recoverable amount.
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