1 Significant Accounting Policies
1.1 Basis of preparation of financial statements
The financial statements are prepared on going concern basis in accordance with Generally Accepted Accounting Principles in India (GAAP) and comply in all matenal
A“°unting Standards specified under section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules 2014 and
Companies (Accounting Standards) Amendment Rules, 2016 and the relevant provisions of the Companies Act, 2013.
1.2 Historical Cost Convention
1.3 Use of estimates
^draur^^Mnttngent'llabllibM^T^Tth^dat^nf'th^ ™ana9eman' to make estimates and assumptions that affect the reported amounts of assets and liabilities
from these estimates Anv reukinn t h da 6 °fthe financia statements and the reported amount of revenue and expenses for the year. Actual results could differ
from these estimates. Any revision to such accounting estimates is recognized prospectively in current and future periods
1.4 Property, plant and equipment
1.5 Depreciation
ready for their intended^ LTcomputed on p^drata'b^fs'from'^^^Jtal^^utei^tin'ft d't ^ f Af °eprecia,ion commences when the assets are
of assets are same as those prescribed in Schedule II to the Act. ^ acquisition till the date of sale/ disposal. Management believes that useful life
1.6 Inventories
Inventories are valued at lower of cost or estimated net realisable value. As on 31s. March Company does no. have any inventory in its books
1.7 Revenue recognition
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Comnanv
when the payment is being made. Revenue is measured at the fair value of the consideration received^ evfn“® can be rellab|y measured, regardless of
account contractually defined terms and excluding taxes or duties collected on behalf of the government b 6 °f dlscounts' retums and abates taking into
a) Sales are recognised when substantial risk and rewards of ownership are transferred tn rnstnm^r « „„ .
significant uncertainties regarding recovery of the amount due, associated costs or the possible return of g^d^ k""* °f C°ntracL No revenue is ^cognised if there are
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a) Company does not have any long term investment as on 31st March 2024.
pLis^r to dfmS oZr to tem'^ry1n“ e vaTuJ of' sTc^s'^nf °" ^ indiVidUa'investment tesis- Long-term investments are stated at cos. less
1.9 Borrowing costs
tor-»“™— - - Ý“»«**.«»— -
1.10 Employee beneflU
(II) Post-employment Obligations
(I) Short-term Obligations
1.11 Accounting fortaxes on Income
1.12 Operating lease "
A.Where Co Is lessee - — <•
. Ý *
Lease of assets under which all the risk and rewards of ownership are effectively retained hv the , .
operating leases are recognized as an expense on accrual basis in accordaeni:mh“^e^seeSrg^LlSSffied " 163568 Le3Se paymen,s und-
B.Where Co Is lessor
Leases in which the Company does not transfer substantially all the risks and reward. nf u .
operating lease is recognised on a straight line basis over the term of the relevant lease h'P °f an asset are dassified as operating leases. Rental income from
1.13 Foreign currency transactions
transactions are recognised in the St^t^moTprofit anrLosasin9 eXCha"9e rates on ,he transactlon dates- Realised gains and losses on settlement of foreign currency
the Statement of Profit an^ Loss^ ^ llab"itieS 3t the y6ar'end are transla,ed at ,he year-end exchange rates and the resultant exchange differences are recognised in
1.14 Earnings per share
^eTcJde3"6^"^ °^tanding during thTje^Ts'^u^^torlhreVT'?6 °* ^ ***'** 0UtStandi"9 durin9 *e year. The
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