II Significant Accounting Policies

1 Basis of Preparation:

The Statement of Assets and Liabilities of the Company as
on March 31, 2025, and the Statement of Profit and Loss
and Statement of Cash Flows for the financial year ended
on March 31, 2025 and the annexure thereto (collectively,
the "Financial Statements") have been compiled by
the management from the Financial Statements of the
Company for the financial year ended on March 31, 2025.

The Financial Statements have been prepared in
accordance with Indian Generally Accepted Accounting
Principles (IGAAP) under historical cost convention on
the accrual basis. GAAP comprises mandatory accounting
standards prescribed by the Companies (Accounting
Standards) Rules, 2021.

2 Use of Estimates:

The preparation of the financial statements in conformity
with Generally Accepted Accounting Principles requires
the Management to make estimates and assumptions
that affect the reported balances of assets and liabilities
and disclosures relating to contingent assets and
liabilities as at the date of the financial statements and
the reported amounts of income and expenses during
the year. Examples of such estimates include provisions
for doubtful debts, income taxes, post - sales customer
support and the useful lives of Property Plant and
Equipments and intangible assets.

3 Revenue Recognition:

Revenue is measured at the fair value of consideration
received or receivable and represents amounts receivable
for goods and services provided in the normal course of
business, net of discounts and other sales-related taxes.
Revenue from the sale of goods relates to the Exports in
Food & Agro Products. Revenue is recognised once the
performance obligation has been met. This is deemed to
be when the goods and services have been collected by, or
delivered to, the customer in accordance with the agreed
delivery terms.

Revenue is recognized to the extent that it is probable that
the economic benefits will flow to the Company and the
revenue can be reliably measured in accordance with AS-
9, Revenue Recognition. Sales are recognized on accrual
basis, and only after transfer of services to the customer.

The following other revenues are recognized and
accounted on their accrual with necessary provisions for
all known liabilities and losses as per AS 9.

Interest Income: Revenue is recognized on the time
proportion basis after taking into account the amount
outstanding and the rate applicable.

Other Income : Other items of income and expenditure
are recognized on accrual basis and as a going concern
basis, and the accounting policies are consistent with the
generally accepted accounting policies.

4 Property Plant and Equipment including
Intangible Assets:

Property, Plant and Equipments are stated at cost,
less accumulated depreciation. Cost includes cost of
acquisition including material cost, freight, installation
cost, duties and taxes, and other incidental expenses,
incurred up to the installation stage, related to such
acquisition. Property, Plant and Equipments purchased
in India in foreign currency are recorded in Rupees,
converted at the exchange rate prevailed on the date
of purchase. Intangible assets that are acquired by the
Company are measured initially at cost. After initial
recognition, an intangible asset is carried at its cost less
any accumulated amortisation and any accumulated
impairment loss.

5 Depreciation / amortisation:

The Company has applied the estimated useful lives as
specified in Schedule II of the Companies Act 2013 and
calculated the depreciation as per the Straight line (SLM)
method. Depreciation on new assets acquired during the
year is provided at the rates applicable from the date of
acquisition to the end of the financial year. In respect of
the assets sold during the year, depreciation is provided
from the beginning of the year till the date of its disposal.
Intangible assets are amortised on a straight-line basis
over the estimated useful life as specified in Schedule II
of the Companies Act 2013. The amortisation expense
on intangible assets with finite lives is recognised in
the statement of profit and loss. In respect of the assets
sold during the year, amortisation is provided from the
beginning of the year till the date of its disposal.

6 Investments:

Investments, which are readily realizable 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.

7 Taxation:

Income Tax expense is accounted for in accordance with
AS-22 "Accounting for Taxes on Income" for both Current
Tax and Deferred Tax stated below:

A. Current Tax:

Provision for current tax is made in accordance with the
provisions of the Income Tax Act, 1961.

B. Deferred Tax:

Deferred tax is recognised, subject to the consideration of
prudence, as the tax effect of timing difference between
the taxable income and accounting income computed for
the current accounting year using the tax rates and tax
laws that have been enacted or substantially enacted by
the balance sheet date.

Deferred tax assets are recognised and carried forward
to the extent that there is a reasonable certainty, except
arising from unabsorbed depreciation and carried
forward losses, that sufficient future taxable income will
be available against which such deferred tax assets can
be realised.

8 Foreign currency transactions: Domestic
Operation:

I. Initial Recognition :

A foreign currency transactions are accounted for in
accordance with AS-11 "The Effects of Changes in Foreign
Exchange Rates", on initial recognition in the reporting
currency, by applying to the foreign currency amount the
exchange rate between the reporting currency and the
foreign currency at the date of the transaction.

II. Measurement :

Foreign currency monetary items are reported using the
closing rate.

Non-monetary items which are carried in terms of
historical cost denominated in a foreign currency are
reported using the exchange rate at the date of the Non¬
monetary items which are carried at fair value or other
similar valuation denominated in a foreign currency are
reported using the exchange rates that existed when the
values were determined.

III. Treatment of Foreign Exchange :

Exchange differences arising on settlement/restatement
of foreign currency monetary assets and liabilities of the
Company are recognised as income or expenses in the
Statement of Profit and Loss

9 Inventories:

Raw materials are carried at the lower of cost and net
realisable value. Cost is determined on a weighted
average basis. Purchased goods-in-transit are carried
at cost. Semi finished goods are carried at the lower of
cost and net realisable value. Finished goods produced or
purchased by the Company are carried at lower of cost
and net realisable value. Cost includes direct material and
labour cost and a proportion of manufacturing overheads.