1. Corporate Information

Bhilwara Technical Textiles Limited ("the Company") is a
public limited company incorporated under the provision
of the Companies Act, 1956, pursuant to the Scheme of
De-merger of 'Strategic Investment Division' of the "M/s.
RSWM Ltd." The Company has its primary listing on the BSE
Limited in India.

The company's main objects envisage carrying on business in
various Textile Products. Currently, the Company is engaged
in the business of trading of yarns. In view of the current
operation and according to the management the company
constitute a single segment and accordingly there are no
reportable segments in accordance with the requirement
of Indian Accounting Standard (Ind AS) 108 on "Operating
Segment Reporting" notified under the Companies (Indian
Accounting Standard) Rules, 2015.

Bhilwara Technical Textiles Limited (BTTL) already holds
substantial stake in equity share capital of BMD Private
Limited which is an Associate Company of BTTL. BMD Private
Limited is a leading manufacturer of high performance
specialized furnishing fabrics for automotives, contract
furnishing, flame retardant fabric & air texturized yarn. BMD
Pvt. Ltd. has also forayed in the Wind Power and Solar Power
Generation which also gives the Company indirect exposure
in the renewable energy sector. BMD has a continuous track
record of good performance and maintains leadership for its
products in OE Segment.

The standalone financial statement for the year ended 31^st
March, 2025 is approved for issue by the Company's Board
of Directors on 16^th May, 2025.

1.1. Statement of Compliance

The financial statements are the separate financial
statement which are prepared in accordance with
Indian Accounting Standards (Ind AS), as prescribed
under section 133 of the Companies Act, 2013('the
Act) (to the extent notified) read with the Rule 3 of the
Companies (Indian Accounting Standard) Rules 2015
as amended and relevant amendment rules issued
thereafter. These Ind AS had been adopted w.e.f. 1
April, 2017 as notified by Ministry of Corporate Affairs

under the Companies (Indian Accounting Standards)
Rules, 2015 as amended.

1.2. Basis of preparation and presentation

The Financial Statements have been prepared on
historical cost basis except for following that are
measured at fair value:

• Certain financial assets and liabilities (including
derivative instruments).

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

1.3. Operating Cycle

The Company's operating cycle is 12 months starting
from 1^st April to 31^st March.

1.4. Functional and Presentation Currency

The financial statements are presented in Indian Rupees,
which is the functional currency of the Company and
the currency of the primary economic environment in
which the Company operates. All values are rounded to
the nearest Lakhs (INR 00,000) except when otherwise
indicated.

1.5. Disclosure of material accounting policy

During the year the company have evaluated the
amendment of disclosing their material accounting
policy in place of significant accounting policy and
the impact of the amendment is insignificant to the
company's financial statement.

2. Accounting Policies:

2.1. Basis of Consolidation

The consolidated financial statement comprises the
financial statement of the Company and its associate
companies. Associates are entities over which the
Company has significant influence. Significant
influence is the power to participate in the financial and
operating decisions of the investee but is not control
or joint control over those policies. Investments in
associates are accounted for using the equity method
of accounting.

2.1.1. Equity Method

Under the equity method of accounting, the
investments are initially recognised at cost and adjusted
thereafter to recognise the group's share of the post¬
acquisition profits or losses of the investee in profit and
loss, and the group's share of other comprehensive
income of the investee in other comprehensive income.
Dividends received or receivable from associates and
joint ventures are recognised as a reduction in the
carrying amount of the investment. When the group's
share of losses in an equity-accounted investment
equals or exceeds its interest in the entity, including
any other unsecured long-term receivables, the group
does not recognise further losses, unless it has incurred
obligations or made payments on behalf of the other
entity. Unrealised gains on transactions between
the group and its associates and joint ventures are
eliminated to the extent of the group's interest in these
entities. Unrealised losses are also eliminated unless
the transaction provides evidence of an impairment
of the asset transferred. Accounting policies of equity
accounted investees have been changed where
necessary to ensure consistency with the policies
adopted by the group.

2.2. Classification of Assets and Liabilities as Current
and Non-Current

Assets are classified as current when any of following
criteria are satisfied:

i. expects to realise the asset, or intends to sell or
consume it, in its normal operating cycle;

ii. holds the asset primarily for the purpose of
trading;

iii. expects to realise the asset within twelve months
after the reporting period;

iv. The asset is cash or a cash equivalent unless the
asset is 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.

Liabilities are classified as current when any of following
criteria are satisfied:

i. expects to settle the liability in its normal operating
cycle;

ii. holds the liability primarily for the purpose of
trading;

iii. liability is due to be settled within twelve months
after the reporting period; or

iv. It does not have an unconditional right to defer
settlement of the liability for at least twelve months
after the reporting period. Terms of a liability that
could, at the option of the counterparty, result in
its settlement by the issue of equity instruments
do not affect its classification.

All other liabilities are classified as non-current.

2.3. Revenue recognition

Revenue from contracts with customers for sale of
goods or services is recognized when the Company
satisfies performance obligation by transferring
promised goods or services to the customer at an
amount that reflects the consideration which the
Company is expected to be entitled to in exchange for
those goods or services.

Sale of goods

Revenue from sale of products is recognized when
the control on the goods have been transferred to the
customer. The performance obligation in case of sale
of product is satisfied at a point in time i.e., when the
material is shipped to the customer or on delivery to
the customer, as may be specified in the contract.

Revenue from the sale of goods is measured at the
transaction price, which is adjusted for, net of returns
and allowances, trade discounts and volume rebates/
claims etc. Sales exclude Value added tax/sales tax /
Service Tax / Goods & Service Tax.

Other Operating Income

Incentives on exports and other Government incentives
related to operations are recognized in books after due
consideration of certainty of utilization/receipt of such
incentives.

Interest income

Interest income from a financial asset is recognized
using Effective Interest Rate (EIR) method.

EIR is the rate that exactly discounts the estimated
future cash payments or receipts over the expected
life of the financial instrument or a shorter period,
where appropriate, to the gross carrying amount of the
financial asset or to the amortized cost of a financial
liability. When calculating the effective interest rate,
the Company estimates the expected cash flows by
considering all the contractual terms of the financial
instrument (for example, prepayment, extension,
call and similar options) but does not consider the
expected credit losses. Interest income which are
earned on temporary investment of borrowings are
deducted from borrowing costs. Any other interest
income is recognized as interest income statement of
Profit and Loss in profit or loss.

Dividend Income

Dividend income is recognized when the Company's
right to receive the payment has been established,
which is generally when shareholders approve the
dividend.

2.4. Inventories

Inventories including goods-in-transit are valued
at lower of cost and estimated net realisable value.
However, Raw materials and other items held for use
in the production of inventories are not written down
below cost if the finished products in which they will be
incorporated are expected to be sold at or above cost.

Traded goods:

Cost includes cost of purchase and other costs incurred
in bringing the inventories to their present location
and condition. Cost is determined on weighted
average basis.

2.5. Property, Plant and Equipment (PPE)

Recognition and measurement:

Property, plant and equipment (PPE) are carried at
cost less accumulated depreciation and accumulated
impairment losses, if any.

The cost of Property, plant and equipment (PPE)
comprises its purchase price including any import
duties and non-refundable taxes and net of any trade
discounts and rebates. It also includes any directly
attributable expenditure on making the asset ready
for its intended use, other incidental expenses, present
value of decommissioning costs (where there is a legal
or constructive obligation to decommission) and
interest on borrowings attributable to acquisition of
qualifying assets up to the date the asset is ready for
its intended use.

The company identifies and determines the cost of
each component/ part of the asset separately, if the
component / part has a cost which is significant to the
total cost of asset and has useful life, that is materially
different from that of remaining assets.

Items of stores and spares that meet the definition of
property, plant & equipment are capitalised at cost
and depreciated over the useful life of asset. Otherwise
such items are classified as inventories.

Subsequent expenditure

Subsequent expenditure on fixed assets after its
purchase / completion is capitalised only if such
expenditure results in an increase in the future
benefits from such asset beyond its previously assessed
standard of performance.

Depreciation

Depreciation is recognized for Property, Plant and
Equipment (PPE) so as to write-off the cost less residual
values over their estimated useful lives. The estimated
useful lives, residual values and depreciation method
are reviewed at the end of each reporting period, with
the effect of any changes in estimate accounted for on
a prospective basis taking into account commercial
and technological obsolescence as well as normal wear
and tear.

Depreciation on tangible assets is provided on Straight
Line Method (SLM) over the useful life of the assets.

For following class of assets, management believes
that the useful lives as given below, best represent
the period over which these assets are expected to
be used.

Residual value in respect of computers provided under
the company employee benefit scheme is considered
in accordance with the said scheme and is higher than
5% of the original cost of the assets.

Depreciation commences when the assets are
available for intended use and is being calculated on
monthly basis.

Impairment

Property, plant and equipment are tested for
impairment whenever events or changes in
circumstances indicate that an asset may be impaired.
If an impairment loss is determined, the remaining
useful life of the asset is also subject to adjustment.

An impairment loss is recognized in the Statement of
Profit and Loss to the extent, asset's carrying amount
exceeds its recoverable amount. The recoverable
amount is higher of an asset's fair value less cost of
disposal and value in use. Value in use is based on
the estimated future cash flows, discounted to their
present value using pre-tax discount rate that reflects
current market assessments of the time value of money
and risk specific to the assets.

The impairment loss recognized in prior accounting
period is reversed if there has been a change in the
estimate of recoverable amount.

De-recognition of PPE

An item of property, plant and equipment and any
significant part initially recognized is derecognized
upon disposal or when no future economic benefits
are expected from its use or disposal. Any gain or loss
arising on de-recognition of the asset (calculated as the

difference between the net disposal proceeds and the
carrying amount of the Property, Plant and Equipment)
is recognized in profit or loss when the Property, Plant
and Equipment is de-recognized.

2.6. Investments in Associates

An associate is an entity over which the Company
has significant influence. Significant influence is the
power to participate in the financial and operating
policy decisions of the investee but is not control or
joint control over those policies. The investment in
associates are carried at cost less impairments. The
cost comprises price paid to acquire investment and
directly attributable cost.

2.7. Foreign currencies

The Company's financial statements are presented
in INR.

Transactions and balances

In preparing the financial statements, transactions
in foreign currencies are recognized at the rates of
exchange prevailing at the dates of the transactions.
Exchange differences arising on foreign exchange
transactions settled during the period are recognized in
the Statement of profit and loss of the period.

At the end of each reporting period, monetary items
denominated in foreign currencies (except financial
instruments designated as hedged instruments) are
translated at the rates prevailing at that date. Exchange
differences on translation of monetary items are
recognized in statement of profit and loss in the period
in which they arise with the exception of the following:

Monetary items that are designated as part of cash
flow hedge instrument are recognized in Other
Comprehensive Income (OCI).

Non-monetary items carried at fair value that are
denominated in foreign currencies are retranslated at
the rates prevailing at the date when the fair value was
determined. Non-monetary that are measured in terms
of historical cost in a foreign currency are translated
using the exchange rates at the dates of the initial
transactions.

immediately in the statement of profit and loss. If the
hedging instrument no longer meets the criteria
for hedge accounting, then hedge accounting is
discontinued prospectively. If the hedging instrument
expires or is sold, terminated or exercised, the cumulative
gain or loss on the hedging instrument recognized in
cash flow hedging reserve till the period hedge was
effective remains in cash flow hedging reserve until
the forecasted transaction occurs. The cumulative gain
or loss previously recognized in the cash flow hedging
reserve is reclassified to the statement of profit and loss
upon the occurrence of related forecasted transaction. If
the forecasted transaction no longer expected to occur,
then the amount accumulated in cash flow hedging
reserve is reclassified to net profit in the statement of
profit and loss.

2.8. Taxation

Income tax expense represents the sum of tax currently
payable and deferred tax.

Income Tax - Current & Deferred

The income tax expense or credit for the period is the
tax payable on the current period's taxable income
based on the applicable income tax rate adjusted
by changes in deferred tax assets and liabilities
attributable to temporary differences and to unused
tax losses.

Deferred income tax is provided in full, using the liability
method on temporary differences arising between the
tax bases of assets and liabilities and their carrying
amount in the financial statement. Deferred income
tax is determined using tax rates (and laws) that have
been enacted or substantially enacted by the end of
the reporting period and are expected to apply when
the related deferred income tax assets is realised or the
deferred income tax liability is settled.

Deferred tax assets are recognized for all deductible
temporary differences and unused tax losses, only
if, it is probable that future taxable amounts will be
available to utilise those temporary differences and
losses.

Deferred tax assets and liabilities are offset when there
is a legally enforceable right to offset current tax assets
and liabilities and when the deferred tax balances
relate to the same taxation authority. Current tax assets

and tax liabilities are off set where the Company has a
legally enforceable right to offset and intends either to
settle on a net basis, or to realize the asset and settle
the liability simultaneously.

Current and deferred tax is recognized in the Statement
of Profit and Loss, except to the extent that it relates to
items recognized in other comprehensive income or
directly in equity. In this case, the tax is also recognized
in other comprehensive income or directly in equity,
respectively.

Minimum Alternate Tax credit is recognised as deferred
tax asset only when and to the extent there is convincing
evidence that the Company will pay normal income tax
during the specified period. Such asset is reviewed at
each Balance Sheet date and the carrying amount of
the MAT credit asset is written down to the extent there
is no longer a convincing evidence to the effect that
the Company will pay normal income tax during the
specified period. Income tax expense represents the sum
of the tax currently payable and deferred tax.

2.9. Employee Benefits

Employee benefits obligation is measured on
discounted basis and are expensed as the related
service is provided. A liability is recognised for the
amount expected to be paid if the Company has a
present legal or constructive obligation to pay this
amount as a result of past service provided by the
employee and the obligation can be estimated reliably.