Note no. 26: Significant Accounting Policies:

A. Basis of Preparation of Financial Statements:

These financial statements are prepared on historical cost basis (except for revaluation of certain fixed assets) in
accordance with applicable Accounting Standards notified under the relevant provision of the Companies Act, 2013
and on the accounting principles of a going concern. The Company follows the mercantile system of accounting and
recognizes income and expenditure on accrual basis except those with significant uncertainties.

All assets and liabilities have been classified as current or non-current as per the company's normal operating cycle and
other criteria set out in the Schedule III to The Companies Act, 2013. Based on the nature of Services and the time
between the hiring of Technical personal for Execution of Software projects and their realization in cash and cash
equivalents, the company has ascertained its operating cycle as three to four months for the purpose of current and
non-current classification of assets and liabilities. The financial statements are presented in Indian rupees.

B. Use of Estimates:

The preparation of financial statements in conformity with Indian GAAP requires Board of Directors to make judgments,
estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent
liabilities on the date of financial statements and reported amounts of revenue and expenses for that year. Actual
results could differ from these estimates. Difference between the actual results and estimates are recognized in the
period in which the results are known/ materialized.

C. Revenue Recognition:

i) Services:

Revenue is measured by the charges made to customers or clients for goods supplied and services rendered to them
and by the charges and rewards arising from the use of resources by them. Sales are net of sales returns, trade and
other discounts, sales taxes and excise duties.

i) Other Income:

Interest is recognized using the time-proportion method, based on rates implicit in the transaction.

D. Fixed Assets and Depreciation:

Depreciation on fixed asset is provided to the extent of depreciable amount on straight line method over the useful life
of assets as prescribed in Part C of Schedule II to the Companies Act, 2013. The revised carrying amount of the fixed
assets identified as impaired, is amortized over the estimated residual life of the respective fixed asset. The Company
has used the following lives to provide for depreciation on its fixed assets.

E. Transactions in Foreign Currency:

Transactions in foreign currency are recorded at the rate of exchange in force on the date of the transactions. Current
assets, current liabilities and borrowings denominated in foreign currency are translated at the exchange rate prevalent
at the date of the Balance Sheet. The resultant gain/loss are recognized in the Statement of Profit & Loss, except in
cases where they relate to the acquisition of fixed assets in which case, they are adjusted to the carrying cost of such
assets.

F. Government Grants and Subsidy:

Grants and subsidies from the government are recognized when there is reasonable assurance that (a) the company
will comply with the conditions attached to them, and (b) the grant/subsidy will be received. When the grant or subsidy
relates to revenue, it is recognized as income on a systematic basis in the statement of profit and loss over the periods
necessary to match them with the related costs, which they are intended to compensate. Where the grant relates to an
asset, it is reduced from the cost of the asset. Grants which are given as equity support are disclosed as promoter
contribution under the head Capital Reserve.

G. Investments:

a) Investments, which are readily realizable and are 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.

b) Long-term investments are valued at cost less provision for diminution other than temporary, in the value of such
investments. Current investments are valued at lower of cost and fair value.

H. Borrowing Costs:

Borrowing cost attributable to the acquisition and construction of qualifying fixed assets are capitalized as part of the
cost of such asset up to the date when such asset is ready for its intended use. Other borrowing costs are charged to
the Profit & Loss Account.

I. Segment Reporting:

from the FY 2023-24 and accordingly the Segment Report for half year ended 30th September 2023 and half year and
year ended 31st March 2024 is presented hereby in accordance with AS-1 7. .

J. Leases:

a) Finance Lease: -

Assets acquired under finance lease are capitalized and the corresponding lease liability is recognized at lower of the
fair value of the leased assets and the present value of minimum lease payments at the inception of the lease. Initial
costs directly attributable to lease are recognized with the asset under lease.

b) Operating Lease: -

Lease of assets under which all the risks and rewards of ownership are effectively retained by the lessor are classified as
operating leases. Lease payments/revenue under operating leases are recognized as an expense/income on accrual
basis in accordance with the respective lease agreements.

K. Earnings per Share

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity
shareholders by the weighted average number of equity shares outstanding during the period. Earnings considered in
ascertaining the company's earnings per share are the net profit or loss for the period after deducting preference
dividends and any attributable tax thereto for the period.

The weighted average number of equity shares outstanding during the period and for all periods presented is adjusted
for events, such as bonus shares, other than the conversion of potential equity shares that have changed the number of
equity shares outstanding, without a corresponding change in resources. For the purpose of calculating diluted
earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average
number of shares outstanding during the period is adjusted for the effects of all dilutive potential equity shares.

L. Income Tax:

Provision for current tax is made on the basis of estimated taxable income for the current accounting year in
accordance with the Income Tax Act, 1961.

Deferred tax is recognized for all the timing differences, subject to the consideration of prudence in respect of deferred
tax assets. Deferred tax assets are recognized and carry forward only to the extent that there is a reasonable certainty
that sufficient future taxable income will be available against which such deferred tax assets can be realized. Deferred
tax assets and liabilities are measured using the tax rates and tax laws that have been enacted or substantively enacted
by the Balance Sheet date. At each Balance Sheet date, the group reassesses unrecognized deferred tax assets, if any.

Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the recognized
amounts and there is an intention to settle the asset and liability on a net basis. Deferred tax assets and deferred tax
liabilities are offset when there is a legally enforceable right to set off assets against liabilities representing current tax
and where the deferred tax assets and the deferred tax liabilities relate to taxes on income levied by the same
governing taxation laws. The tax expense for FY 23-24 is Rs. 11,07,185.

M. Impairment of Assets:

In accordance with AS 28 on 'Impairment of Assets' issued by the Institute of Chartered Accountants of India, where
there is an indication of impairment of the Company's assets related to cash generating units, the carrying amounts of
such assets are reviewed at each balance sheet date to determine whether there is any impairment. The recoverable
amount of such assets is estimated as the higher of its net selling price and its value in use. An impairment loss is
recognized whenever the carrying amount of such assets exceeds its recoverable amount. Impairment loss is
recognized in the profit and loss account. If at the balance sheet date there is any indication that a previously assessed
impairment loss no longer exists, then such loss is reversed and the assets are restated to that effect.