1. Corporate information
The Company is a Public Company domiciled in India and is incorporated under provisions of the Companies Act, 1956 and valid under the provisions of the Companies
Act, 2015.The registered office of the Company is located at C-205. Syntholine Industrial Estate, Behind Virwani Industrial Estate, Goregaon (East), Mumbai - 4(KK>63-
rhe equity shares of the Company is listed on BSE.
The Company is in the business of managing B2B. B2C, Institutional sales. D2C businesses for many reputed brands through various channels such as c-eomnicrce market
places (Amazon. Elipkart. Nvkaa. Tata Cliq. Myntra etc.) General Trade (GT) Modern Trade (MTt and otlvcr channels. The Company deals into various categories like
Home and Kitchen appliances. Personal Care appliances, Beauty Products. Gourmet etc.
The ON number ol'Comapny is L$2I00M1II9$7PLC94524$.
2. A. Material accounting policies
2.1 Basis of preparation
The financial statements of the Company have been prepared in accordance with Indian Accounting Standards ("Ind AS") notified under the Companies (Indian Accounting
Standards) Rules. 201S as amended by Companies (Indian Accounting standards) (Amendment) Rules. 2016.
For all periods up to and including the year ended 31 March 2025. the Company prepared its financial statements in accordance with the accounting standards notified
under the section 133 of the Companies Act 2013, read together with paragraph 7 of the Companies (Accounts) Rules. 2014 ("Indian GAAP").
The financial statements have been prepared on a historical cost basis, except for the following assets and liabilities which have been measured at fair value :
• Certain fixed assets
• Certain financial assets and liabilities measured at fair value (refer accounting policy regarding financial instruments)
All amounts included in the financials statement arc reported in India Rupees* 1NR).
2.2. Summary of significant accounting policies
a. Revenue recognition
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured, regardless ol'when (In¬
payment is being made. Revenue is measured at the fair value of the consideration received or receivable, taking into account contractually defined terms of payment and
excluding taxes or duties collected on behalf of the government.
Sale ot products
Revenue from sale of goods IS recognised when the significant risks and rewards of ownership of goods have passed to the buyer, usually on delivery of goods. Revenue
front sale of goods is measured as fait value of the consideration received or receivable, net of returns and allow ances, trade discounts and volume rebates
Sale of Services
Revenue from services arc recognised when services arc rendered and related costs ate incurred. Revenue from fixed price contracts, arc recognised over the life of the
contract using the proportionate completion method, with contract costs determining the degree of completion. Foreseeable losses on such contracts arc recognised when
probable.
The Company presents revenues net of goods and service tax in its statement of profit and loss.
Interest Income
For all financial instruments measured at amortised cost, interest income is recorded using the effective interest rale (EIR), which is the rate that exactly discounts the
estimated future cash payments or receipts through the expected life of the financial instrument or a shorter period, where appropriate, to the gross carrying amount of the
financial asset. When calculating the effective interest rate, the Company estimates the expveted cash flows by considering all the contractual terms of the financial
instrument but does not consider the expected credit losses.
Rental Income
Rental income from operating leases on properties is accounted on a straight line basis over the lease terms.
b. T axes
Current Income tax
Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to tlie taxation authorities. The tax rates and tax laws used to
compute the amount arc those dial are enacted or substantively enacted, at the repotting date in India where the Company operates and generates taxable income.
Current income tax relating to items recognised outside profit or loss is recognised outside profit or loss (either in Other comprehensive income (OCI) or in equity). Current
tax items arc recognised in correlation to die underlying transaction cither in OCI or dirccdy in equity. Management periodically evaluates positions taken in the tax returns
with respect to situations in which applicable tax regulations arc subject to interpretation and establishes provisions where appropriate.
Iltfirrcil lax
Deferred tax is prov ided using the liability method on temporary differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting
purposes at the reporting date.
The carrying amount of deferred tax assets is reviewed tit each reporting date and reduced to the extent that it is no longer probable that sufficient taxable profit will be
available to allow all or part of the deferred tax asset to he utilised. Unrecognised deterred tax assets are re-assessed at each repotting date and are recognised to the extent
that it has become probable that future taxable profits will allow the deterred tax asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is realised or the liability is settled, based on tax rates
(and tax laws) that have been enacted or substantively enacted at the reporting date.
Deferred rax relating to items recognised outside profit or loss is recognised outside profit or loss (either in OCI or in equity). Deferred tax items are recognised in
correlation to the underlying transaction either in OCI or directly in equity.
c. Property, plant and equipment
Property, plant and equipment (PPE) are stated at the cost of acquisition including incidental costs related to acquisition and installation less accumulated depreciation and
impairment loss, if any.
Advances paid towards acquisition of property, plant and equipment are disclosed as capital advances under other non - current assets.
On transition to Ind AS . the Company has elected to continue with the carrying value of all its plant and equipment recognised as at I April 2016 measured as per the
Indian GAAP and use that carrying value as the deemed cost of the plant and equipment except for property where fair value of property has been considered as the deemed
cost.
Capital work-in-progress includes cost of property, plant and equipment under installation/ under development as at the balance sheet date and arc earned at cost,
comprising of direct cost and directly attributable cost.
Gains or losses arising from disposal of property, plant and equipment are measured as the difference between the net disposal proceeds and the carrying amount of the
asset and are recognised in the statement of profit and loss when the asset is disposed
The Company provides depreciation on property, plant and equipment at the rates of depreciation based on useful lives estimated by the management as follows:
The residual values, useful lives and methods of depreciation of property, plant and equipment are reviewed at each financial year end and adjusted prospectively, if
appropriate
d. Intangible assets
Intangible assets are stated at the cost of acquisition including incidental costs related to acquisition and installation less accumulated depreciation and impairment loss, if
any,
Gains or losses arising from disposal of property, plant and equipment arc measured as the difference between the net disposal proceeds and the carrying amount of the
asset and are recognised in the statement of profit and loss when the asset is disposed.
The Company provides depreciations on Intangible assets at the rate of 25% which is considered to be useful life estimated by the management.
C. Leases
The determination of whether an arrangement is. or contains, a lease is based on the substance of the arrangement at the inception date. The arrangement is, or contains a
lease if. fulfilment of the atrangenicm is dependent on the use of a specific asset or assets or the arrangement conveys a right to use the asset or assets, even if that right is
not explicitly specified in an arrangement. For airangements entereil into prior to I April 2016. the Company has determined whether the arrangement contains lease on the
basis of facts and circumstances existing on the date of transition.
The Company as lessee
leases where the lessor retains substantially all the risks and rewards of ownership are classified as operating leases. Payments made under operating leases are recognised
in the statement of profit and loss on a straight-line basis over the lease term unless the payments are structured to increase in line with expected general inflation to
compensate for the lessor's expected inflationary cost increases.
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