a) Basis of preparation of Financial Statements
The financial Statements have been prepared as of a going concern on historical cost convention and on accrual
method of accounting in accordance with the generally accepted accounting principles.
Corresponding figures for the previous year have been rearranged and regrouped wherever necessary to conform
to the year’s presentations, and figures have been rounded off to the nearest thousands.
In the opinion of the Board, in the ordinary course of business the current assets, loans and advances have a
value on realization at the amount stated in the Balance Sheet.
b) Property, Plant and Equipment
All Property, Plant and Equipment are valued at Cost less depreciation.
c) Depreciation
Depreciation on Property, Plant and Equipment is provided as per rates prescribed in Schedule II of Companies
Act under Written down value method single shift.
d) Borrowing Cost
Borrowing costs (net of income) directly attributable to the acquisition, construction or production of qualifying
assets are capitalized as part of the cost of the assets.
Other borrowings costs are recognized as expenses as and when incurred.
e) Revenue Recognition
Revenue/Income and Cost/Expenditure are generally accounted on accrual as they are earned or incurred.
f) Valuation of Investments
Investments are of Long-term nature and carried at Cost.
The balances of advances, trade receivables, deposits and trade payables are taken on the basis of book figures
in respect of the parties for whom confirmations are not received.
All transactions entered into by the Company with Related Parties during the financial year 2025-26 were in
ordinary course of business and on arms length basis. All the Related Party transactions undertaken by the
Company were in compliance with section 188 of the Companies Act, 2013.
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