2; Significant Accounting Policies

This note provides a list of the significant accounting policies adopted in the
preparation of these financial statements. These policies have been consistently
applied to all the years presented, unless otherwise stated.

The accounting policies applied in these financial statements are the same as those
applied in the financial statements as at and for the year ended 31 March 2024.

2,1 Basis of Preparation of Financial Statements
U) Compliance with indAS

The financial statements have been prepared in all material aspects, in
accordance with the recognition and measurement principles laid down in
Indian Accounting Standards find AS) as per the Companies (Indian
Accounting Standards) Rules, 2015 notified under Section 133 of Companies
Act, 2013, (the 'Act") and other relevant provisions of the Act.

the financial statements were authorized for issue by the Company's Board
of Directors on May 09, 2025.

(2) Basis of measurement

The Financial Statements have been prepared on the historical cost
convention on accrual basis except for certain financial assets and liabilities
that are measured at fair value, amortised cost or present value, as disclosed

in accounting policies and Defined Benefit Plans where Plan Assets are
measured at fair value at the end of each reporting period:

Historical cost is generally based on the fair value of the consideration given
in exchange for goods and services.

As the Operating cycle cannot be identified in normal course due to the
special nature of the industry, the same has been assumed to have duration
of 12 months. Accordingly, all assets and liabilities have been classified as
current or non-current as per the Company's operating cycle and other
criteria set out in Ind AS-l 'Presentation of Financial Statements' and
Schedule III to the Companies Act, 2013.

(3) Functional and presentation currency

These financial Statements are presented in Indian Rupees (INR|, which Is
also the Company's functional currency. All amounts have been rounded off
to the nearest thousands except share data, unless otherwise stated.

| A) Current vs Non-current Classification

The Company presents assets and liabilities in the balance sheet based an
current/ non-current classification. An asset is treated as Current when it is:

' Expected to be realised or intended to be sold or consumed in normal
operating cycle

* Held primarily for the purpose of trading

* Expected to be realised within twelve months after the reporting period, or

* Cash or cash equivalent unless restricted from being exchanged or used to
settle a liability for at least twelve months after the reporting period

All other assets are classified as non-current,

A liability is current when:

* It is expected to be settled in normal operating cycle

* it is held primarily for the purpose of trading

* it is due to be settled within twelve months after the reporting period, or

* There is no unconditional right to defer the settlement of the liability for at
least twelve months after the reporting period

The Company classifies all other liabilities as non-current,

The operating cycle is the time between the acquisition of assets for
processing and their realization in cash and cash equivalents. Based on the
nature of business and its activities* the company has ascertained its
operating cycle as twelve months for the purpose of Current and Nam
current classification of assets and liabilities.

Deferred tax liability is classified as non-current liability.

2.2 Revenue Recognition

The revenue is recognized when the significant risks and rewards of ownership of
goods are transferred to the buyer, recoverability of consideration fs probable, the
amount of revenue and cost incurred or to be incurred in respect of the transaction
can be measured reliably and there is no continuing managerial involvement over
the goods sold.

Revenue is measured at the transaction price of the consideration received or
receivable duly adjusted for variable consideration and the same represents
amounts receivable For goods and services provided in the normal course of
business. Revenue from sale of goods includes excise duty and are net of discounts,
applicable taxes, rebates and estimated returns.

Interest income from a financial asset is recognised when it is probable that the
economic benefits will flow to the Company and the amount of income can be
measured reliably. interest income is accrued on a time basis, by reference to the
principal outstanding and at the effective interest rate applicable, which is the rate
that exactly discounts estimated future cash receipts through the expected life of
the financial asset to that asset's net carrying amount on initial recognition,

ME IS receivable on Export of Goods is recognized on the basis of claim disbursal by
the relevant authority.

2.3 Property, plant & Equipment

2.3,1 Property, Plant and Equipment acquired separately

Freehold land is stated at cost and not depreciated. Buildings, plant and machinery,
vehicles, furniture and office equipments are stated at cost less accumulated
depreciation and accumulated impairment losses.

Property, Plant & Equipment [PPE) comprises of Tangible assets and Capital Work in
progress (except Right of Use assets). PPE are stated at cost, net of tax/duty credit
availed, if any, after reducing accumulated depreciation and accumulated
impairment Josses, if any; until the date of the Balance Sheet. The cost of PPE
comprises of its purchase price or its construction cost (net of applicable tax credit,
if any), any cost directly attributable to bring the asset into the location and
condition necessary for it to be capable of operating in the manner intended by the
management. Direct costs are capitalized until the asset is ready for use and
includes borrowing cost capitalised in accordance with the Company's accounting
policy.

An item of Property, Plant and Equipment is derecognized upon disposal or when
no future economic benefits are expected to arise from the continued use of the
asset, Any gain or loss arising on the disposal or retirement of an Item of Property,
Plant and Equipment is determined as the difference between the sales proceeds
and the carrying amount of the asset and is recognized in Statement of Profit and
LOSS.

2.3,2 Capital Work in Progress

Properties in the course of construction for production, supply or administrative
purposes are carried at cost, less any recognized impairment loss. Cost includes
professorial fees and, for qualifying assets, borrowing costs capitated in
accordance with the Company's accounting policy. Such properties are classified
and capitalized to the appropriate categories of Property, Plant and Equipment
when completed and ready for intended use. Depreciation of these assets, on the
same basis as other property assets, commences when the assets are ready for
their intended use. _

2,4 Depreciation

Depreciation is recognized so as to write off the cost of assets {other than Freehold
Lard and Capital Work-in-Progress) loss their residual values over their useful lives,
using the Straight-fine method as per the useful life prescribed in Schedule It to the
Companies Act, 2013 is as under:

However in respect oF the following categories of assets, in whose case the life of
the assets has been assessed as under based on nature of the asset, the estimated
usage of the asset, the operating conditions of the asset, past history of
replacement, anticipated technological changes, manufacturers warranties and
maintenance support, etc.:

Useful lives of each class of PPE as prescribed under Part C of Schedule II to the
Companies Act, 2013 and adopted by the company are as under:-

2,5 Intangible Assets

Intangible assets with finite useful life acquired separately, are recognized only if it
is probable that future economic benefits that are attributable to the assets will
flow to the company and the cost of assets can be measured reliably.

intangible assets acquired are initially recorded at cost. Intangible assets with finite
lives are amortized over the useful economic life and assessed for impairment
whenever there is an indication that the intangible asset may be impaired. The
amortization period and the amortization method for an intangible asset with a

2.6 Foreign currencies

Foreign currency transactions are accounted at the exchange rates prevailing on the
date of transaction as announced by the custom authority. Year-end monetary
assets and liabilities are translated at the exchange rate ruling on reporting date.
Exchange differences on settlement/conversion are adjusted to the Statement of
Profit and Loss.

Non-monetary items measured at historical cost/fair value, are translated using the
exchange rate prevailing on the dare of transaction/fair value measurement
respectively.

27 Inventories

Inventories are valued at lower of cost and net realizable value after providing for
obsolescence and other losses, where considered necessary. The basis of
determining the value of each class of inventory is as follows;