Estimates and underlying assumptions are
reviewed at each Balance sheet date. Revisions
to accounting estimates are recognized in the
period in which the estimates is revised and future
period affected.

The Management believes that the estimates
used in preparation of the Standalone Financial
Statements are prudent and reasonable. Future
results could differ due to these estimates and the
differences between the actual results and the
estimates are recognised in the periods in which
the results are known / materialise.

The following are significant management
judgements in applying the accounting policies of
the Company that have the most significant effect.

i. Recognition of deferred tax assets
and liabilities:

Deferred Tax Assets and Liabilities are
recognised for deductible temporary
differences for which there is probability of
utilization against the future taxable profit.
The Company uses judgement to determine
the amount of Deferred Tax Liability /Asset
that can be recognised, based upon the
likely timing and level of future taxable
profits and business developments.

ii. Useful lives of property plant & equipment
and intangible assets:

The Company uses its technical expertise
along with historical and industry trends
for determining the useful life of an asset/
component of an asset. The charge in respect
of periodic depreciation / amortization
is derived after determining an estimate
of an asset's expected useful life and the
expected residual value at the end of its life.
Management reviews the residual values,
useful lives and methods of depreciation
/ amortization at each reporting period
end and any revision to these is recognised
prospectively in current and future periods.

iii. Employee Benefits:

The defined benefit obligations measured
using actuarial valuation techniques. An
actuarial valuation involves making key

assumption of life expectancies, salary
increases and withdrawal rates. Variation in
these assumptions may impact the defined
benefit obligation.

iv. Impairment of Assets

Significant judgment is involved in
determining the estimated future cash flows
from the Property, Plant and Equipment,
Intangible asset and Goodwill to determine
its value in use to assess whether there is
any impairment in its carrying amount as
reflected in the financials.

v. Contingencies

Management judgement is required
for estimating the possible outflow of
resources, if any, in respect of contingencies,
claim, litigations etc. against the Compa ny as
it is not possible to predict the outcome of
pending matters with accuracy.

c. Historical Cost Convention:-

The Financial Statements have been prepared
on the historical cost basis and on accrual basis
except for the following:

- Net defined benefit (asset)/liability measured
as per actuarial valuation.

- Certain financial instruments that are
measured at fair values at the end of each
reporting period.

Fair value is the price that would be received to
sell an asset or paid to transfer a liability in an
orderly transaction between market participants
at the measurement date under current market
conditions, regardless of whether that price is
directly observable or estimated using another
valuation technique. In determining the fair
value of an asset or a liability, the Company takes
into account the characteristics of the asset or
liability if market participants would take those
characteristics into account when pricing the
asset or liability at the measurement date.

d. Current and non-current classification

Based on the nature of activities of the Company
and the normal time between acquisition of
assets and their realisation in cash or cash

equivalents, the Company has determined its
operating cycle as twelve months for the purpose
of classification of its assets and liabilities as
current and non-current.

All assets and liabilities have been classified as
current and non-current as per the Company's
normal operating cycle and other criteria set
out in the Schedule III of the Act and Ind AS 1,
Presentation of Financial Statements.

For the Purpose of Balance Sheet, an Assets is
classified as current when it satisfies any of the
following criteria:

(i) it is expected to be realised in, or is intended
for sale or consumption in, the Company's
normal operating cycle;

(ii) it is held primarily for the purpose of trading;

(iii) i t is expected to be realised within twelve
months after the reporting date; or

(iv) i t is cash or a cash equivalent unless it is
restricted from being exchanged or used to
settle a liability for at least twelve months
after the reporting date.

All other assets are classified as non-current.

Similarly, a liability is classified as current if:

(i) it is expected to be settled in the Company's
normal operating cycle;

(ii) it is held primarily for the purpose of trading;

(iii) it is due to be settled within twelve months
after the reporting date; or

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

All other liabilities are classified

as non-current.

e. Functional & Presentation Currency

The Company's Standalone Financial Statements
are presented in Indian Rupees, which is also the
Company's functional currency. All amounts have
been rounded off to the nearest Lakhs and up to
two decimals, except where otherwise indicated.

f. Rounding of amounts

All amounts disclosed in the Standalone Financial
Statements and notes have been rounded off
to the nearest lakhs as per the requirement of
Schedule III, unless otherwise stated.

2. Revenue recognition :

Revenue from contracts with customers is recognized
when control of goods or services is transferred to the
customer in an amount that reflects the consideration
the Company expects to be entitled to, excluding taxes
and net of returns, discounts, and other adjustments.

Trading of goods

Revenue from sale of goods is recognized at a point in
time when control of the goods is transferred to the
customer, generally upon dispatch or delivery as per
contract terms. The amount of revenue recognized is
net of returns, trade discounts, volume rebates, and
applicable taxes. Provisions are made for expected
returns based on historical data and contract terms.

Work Contract Services:

Revenue from work contract services is recognized over
time using the output method, based on surveys of
performance completed to date, milestones reached,
or units delivered, provided such output faithfully
depicts the Company's performance in transferring
control of goods or services. This method is used where
performance obligations are satisfied progressively,
and the Company has enforceable right to payment for
work completed to date.

General

The transaction price is determined based on the
contract and may include variable considerations
such as discounts, incentives, and penalties. These
are included only when it is highly probable that
a significant reversal will not occur. No significant
financing component is presumed as the credit terms
are consistent with market practice.

Interest and dividends Income

Revenue shall be recognized on the following bases:

(a) I nterest income is accrued on a time basis, be
reference to the amortized cost and the Effective
Interest Rate (EIR) method as set out in Ind AS 39;
Interest income from Financial Asset is recognized
when it is probable that the economic benefits
will flow to the Company and the amount of
income be measured reliably.

(b) dividends shall be recognised when the
shareholder's right to receive payment
is established.

Revenue is recognised only when it is probable that the
economic benefits associated with the transaction will
flow to the Company; and the amount of the revenue
can be measured reliably.

3. Property, Plant & Equipment :

Tangible Assets

Property, Plant and Equipment are measured at
Historical cost net of tax / duty credit availed,
less accumulated depreciation and accumulated
impairment losses, if any. Historical cost [Net of
Input tax credit received/ receivable] include related
expenditure and pre-operative & project expenses for
the period up to completion of construction/ assets are
ready for its intended use, if the recognition criteria are
met and the present value of the expected cost for the
decommissioning of an asset after its use is included
in the cost of the respective asset, if the recognition
criteria for a provision are met.

Subsequent expenditures relating to property, plant
and equipment are capitalised only when it is probable
that future economic benefits associated with them will
flow to the Company and the cost of the expenditure
can be measured reliably. Repairs and Maintenance
costs are recognised in the Statement of Profit and Loss
when they are incurred.

Gains and losses on disposals, if any, are determined
by comparing proceeds with carrying amount. These
are included in the Statement of Profit and Loss within
Other Income or Other Expenses, as applicable.

Intangible assets:-

Intangible assets purchased are initially measured
at cost. The cost of an Intangible Asset comprises its
purchase price including any costs directly attributable
to making the asset ready for their intended use.

Depreciation methods, estimated useful lives and
residual value:-

Depreciation is charged as per written down value
method on the basis of the expected useful life as
specified in Schedule II to the Act. Depreciation for assets
purchased/sold during the period is proportionately
charged. Depreciation method, useful life & residual
value are reviewed periodically. The residual values and
useful lives are reviewed and adjusted if appropriate at
the end of each reporting period.

4. Impairment Of Assets:-

An asset is treated as impaired when carrying cost of
assets exceeds its recoverable value. The recoverable
amount is measured as the higher of the net selling
price and the value in use determined by the present
value of estimated future cash flows. An impairment
loss is charged off to profit and loss account as and when
asset is identified for impairment. The impairment loss
recognized in prior accounting period is reversed if
there has been a change in the estimate of recoverable
amount. An asset is treated as impaired when carrying
cost of assets exceeds its recoverable value. The
recoverable amount is measured as the higher of the
net selling price and the value in use determined by the
present value of estimated future cash flows.

5. Inventories:-

Inventories have been valued at lower of cost or
net realizable value. Cost is determined on moving
weighted average basis.

Net realizable value represents the estimated selling
price for inventories less all estimated costs of
completion and costs necessary to effect the sale.

Cost of Inventory comprises all costs of purchase
and other costs incurred in bringing the inventory to
the present location and condition. Cost of Work in
progress includes all Costs of Purchases, Conversion
Cost and other cost Incurred in bringing the inventories
to their present location and Condition.

6. Retirement Benefits & Other
Employee Benefits:-

a. Short Term Obligations:

Liabilities for wages and salaries that are expected
to be settled wholly within 12 months after
the end of the period in which the employees
render the related service are recognized in
respect of employees' services up to the end of
the reporting period and are measured by the
amounts expected to be paid when the liabilities
are settled. The liabilities are presented as current
employee benefit obligations in the balance sheet.

b. Long Term Obligations:

Defined Benefit Plan - Gratuity

Gratuity liability is a defined benefit obligation
and is computed on the basis of an actuarial
valuation by an actuary appointed for the purpose
as per the projected unit credit method at the end
of each Financial Year. The liability recognized in
the Standalone Balance Sheet in respect of the
defined benefit gratuity plan is the present value
of the defined benefit obligation at the end of the
reporting period.

As the gratuity plan is unfunded, there are no plan
assets to be deducted from the defined benefit
obligation. The entire liability is recognized in
the Standalone Balance Sheet and is paid out of
the Company's internal resources as and when
it becomes due.

The present value of the defined benefit obligation
is determined by discounting the estimated future
cash outflows using market yields at the end of
the reporting period on government bonds that
have terms approximating to the terms of the
related obligation.

The net interest cost is calculated by applying
the discount rate at the beginning of the period
to the net defined benefit obligation. This cost
is included in employee benefit expense in the
Standalone Statement of Profit and Loss.

Re-measurement gains and losses arising from
experience adjustments and changes in actuarial
assumptions are recognized in the period in
which they occur directly in Other Comprehensive
Income. They are included in retained earnings in
the Statement of Changes in Equity and in the
Standalone Balance Sheet.

Changes in the present value of the defined benefit
obligation resulting from plan amendments or
curtailments are recognized immediately in profit
or loss as past service cost.

7. Borrowing costs:

Borrowing costs that are directly attributable to the
acquisition, construction or production of a qualifying
asset are capitalized during the period of time that
is required to complete and prepare the asset for its
intended use or sale. Qualifying assets are assets that
necessarily take a substantial period of time to get
ready for their intended use or sale. Investment income
earned on the temporary investment of specific
borrowings pending their expenditure on qualifying
assets is deducted from the borrowing costs eligible
for capitalization. Other borrowing costs are expensed
in the period in which they are incurred.

8. Cash Flow Statement :-

Cash flows are reported using the indirect method,
whereby profit before tax is adjusted for the effects
of transactions of a non- cash nature, any deferrals or
accruals of past or future operating cash receipts or
payments and item of income or expenses associated
with investing or financing cash flows. The cash flows
from operating, investing and financing activities
are segregated.

9. Income tax :-

Income tax expense comprises current tax
and deferred tax.

Current tax is the tax payable on the taxable income
of the current period based on the applicable
income tax rates.

Deferred tax reflects changes in deferred tax assets and
liabilities attributable to temporary Differences and
unused tax losses.

The current income tax charge is calculated on the
basis of the tax laws enacted or substantively enacted
at the end of the reporting period. The Management
periodically evaluates positions taken in tax returns
with respect to situations in which applicable tax
regulation is subject to interpretation. It establishes
provisions where appropriate on the basis of amounts
expected to be paid to the tax authorities.

Deferred income tax is provided in full, on temporary
differences arising between the tax bases of assets
and liabilities and their carrying amounts. However,
deferred tax liabilities are not recognized if they arise
from the initial recognition of goodwill. Deferred
income tax is also not accounted for if it arises from
initial recognition of an asset or liability in a transaction
other than a business combination that at the time
of the transaction affects neither accounting profit
nor taxable profit | (tax loss). Deferred income tax is
determined using tax rates (and laws) that have been
enacted or substantively enacted by the Balance Sheet
date and are expected to apply when the related
deferred income tax asset is realized 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 utilize 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 offset 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 profit or
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.

10. Contingencies and Events Occurring After the
Balance Sheet Date:-

Events that occur between balance sheet date and
date on which these are approved, might suggest the
requirement for an adjustment(s) to the assets and
the liabilities as at balance sheet date or might need
disclosure. Adjustments are required to assets and
liabilities for events which occur after balance sheet date
which offer added information substantially affecting
the determination of the amounts which relates to the
conditions that existed at balance sheet date.

11. Cash and Cash Equivalents:

Cash and cash equivalents include cash in hand,
demand deposits with bank and other short-term,
highly liquid investments that are readily convertible
into cash and which are subject to an insignificant risk
of changes in value.

12. Financial Instruments:

A financial instrument is any contract that gives rise to
a financial asset of one entity and a financial liability or
equity instrument of another entity.

A. Financial assets:

I. Classification:

Measurement at amortized cost:

A financial asset shall be measured at amortized
cost if both of the following conditions are met:

(a) the financial asset is held within a
business model whose objective is to
hold financial assets in order to collect
contractual cash flows and

(b) the contractual terms of the financial asset
give rise on specified dates to cash flows that
are solely payments of principal and interest
on the principal amount outstanding.

Measurement at fair value through other
comprehensive income (FVTOCI):

A financial asset shall be measured at fair value
through other comprehensive income if both of
the following conditions are met:

(a) The financial asset is held within a business
model whose objective is achieved by both
collecting contractual cash flows and selling
financial assets and

(b) The contractual terms of the financial asset
give rise on specified dates to cash flows that
are solely payments of principal and interest
on the principal amount outstanding.

Fair value movements are recognised in the
other comprehensive income.

Measurement at fair value through profit
or loss (FVTPL):

A financial asset shall be measured at fair
value through profit or loss unless it is
measured at amortised cost or at fair value
through other comprehensive income. Such
financial assets are measured at fair value
with all changes in fair value, including
interest income and dividend income if
any, recognized as other income in the
Standalone Statement of Profit and Loss.

The classification depends on business
model of the Company for managing
financial assets and the contractual terms
of the cash flows. For assets measured
at fair value, gains and losses will either
be recorded in profit or loss or other
comprehensive income.

II. Equity instruments:

An equity instrument is any contract that
evidences a residual interest in the assets of an
entity after deducting all of its liabilities. All equity
investments in scope of Ind AS 109 are measured
at fair value. Equity instruments which are held
for trading are classified as at FVTPL. For all other
equity instruments, the Company may make
an irrevocable election to present subsequent
changes in the fair value in other comprehensive
income. The Company has made such election
on an instrument by instrument basis. The
classification is made on initial recognition and is
irrevocable. If the Company decides to classify an
equity instrument as at FVTOCI, then all fair value
changes on the instrument, excluding dividends,
are recognized in the OCI. Equity instruments
included within the FVTPL category are measured
at fair value with all changes recognized in the
Statement of Profit and Loss.

III. Investments in subsidiary:

A subsidiary is an entity controlled by the
Company. Control exists when the Company
has power over the entity, is exposed, or has
rights to variable returns from its involvement
with the entity and has the ability to affect
those returns by using its power over the entity.
Power is demonstrated through existing rights
that give the ability to direct relevant activities,
those which significantly affect the entity's
returns. Investments in subsidiaries are carried
at cost. The cost comprises price paid to acquire
investment and directly attributable cost. The
Company reviews its carrying value of long term
investments in equity shares of subsidiaries
carried at cost at the end of each reporting period.
If the recoverable amount is less than its carrying
amount, the impairment loss is accounted for.

I nvestments in subsidiary are carried at cost less
accumulated impairment losses, if any. Where
an indication of impairment exists, the carrying
amount of the investment is assessed and written
down immediately to its recoverable amount.
On disposal of investments in subsidiary, the
differences between net disposal proceeds
and the carrying amounts are recognised in the
statement of profit and loss.

Investments in equity instruments issued by other
than subsidiary are classified as at FVTPL, unless
the related instruments are not held for trading
and the Company irrevocably elects on initial
recognition to present subsequent changes in fair
value in Other Comprehensive Income.

IV. Derecognition:

A financial asset is derecognized only when the
Company has transferred the rights to receive
cash flows from the financial asset, the asset
expires or retains the contractual rights to receive
the cash flows of the financial asset, but assumes
a contractual obligation to pay the cash flows to
one or more recipients.

B. Financial Liabilities:

I. Classification as debt or equity:

Financial liabilities and equity instruments issued
by the Company are classified according to the
substance of the contractual arrangements

entered into and the definitions of a financial
liability and an equity instrument.

II. Initial recognition and measurement:

Financial liabilities are recognized when the
Company becomes a party to the contractual
provisions of the instrument. Financial liabilities
are initially measured at the fair value.

III. Subsequent measurement:

Financial liabilities are subsequently measured
at amortized cost using the effective interest
rate method. Financial liabilities carried at fair
value through profit or loss are measured at fair
value with all changes in fair value recognized
in the Standalone Statement of Profit and Loss.
Amortised cost is calculated by taking into
account any discount or premium on acquisition
and fees or costs that are an integral part of the
EIR. The EIR amortisation is included as finance
costs in the Statement of Profit and Loss.

IV. Derecognition:-

A financial liability is derecognised when the
obligation under the liability is discharged
or cancelled or expires. Gains and losses are
recognised in Statement of Profit and Loss when
the liabilities are derecognised as well as through
the EIR amortisation process.

19. Fair Value Measurement:-

Fair value is the price that would be received to sell
an asset or paid to transfer a liability in an orderly
transaction between market participants at the
measurement date. The fair value measurement is
based on the presumption that the transaction to sell
the asset or transfer the liability takes place either:

a) In the principal market for the asset or liability, or

b) In the absence of a principal market, in the most
advantageous market for the asset or liability.

The principal or the most advantageous market must
be accessible by the Company.

The fair value of an asset or a liability is measured
using the assumptions that market participants would
use when pricing the asset or liability, assuming that
market participants act in their economic best interest.

20. Borrowings

Borrowings are initially recognized at fair value,
net of transaction costs incurred. Borrowings are
subsequently measured at amortized cost. Any
difference between the proceeds (net of transaction
costs) and the redemption amount is recognized in
profit or loss over the period of the borrowings using
the effective interest method.

Borrowings are removed from the financial statement
when the obligation specified in the contract is
discharged, cancelled or expired.

Borrowings are classified as current liabilities unless
the Company has an unconditional right to defer
settlement of the liability for at least 12 months after
the reporting period.