SIGNIFICANT ACCOUNTING POLICIES: <
1. Basis of Accounting: <
The Company maintains its accounts on accrual basis on historical cost convention in accordance with
generally accepted accounting principles (GAAP) in India and in compliance with the requirements of the <
Companies Act, 2013.
2. Revenue Recognition:
The company follows practice of accounting for all income and expenditure on accrual basis. <
3. Provision for Current and Deferred Tax: <
a. Tax expenses comprise both current tax and deferred tax. Provision for the current income tax is made
on the basis of relevant provision of the Income Tax Act, 1961 as applicable to the financial year. (
b. Deferred Tax resulting from the "Timing Difference" between book profit and taxable profit is accounted ;
for under the liability method, at the current rate of tax, to the extent that the timing differences are
expected to crystallize. Deferred tax assets are recognized only to the extent that there is reasonable <
certainty that the asset can be realized in future. Deferred tax assets are reviewed at each balance sheet
date and is written down or written up to reflect the amount that is reasonably or virtually certain, as the <
case may be, to be realized.
4. Provision for Contingent Liabilities and Contingent Assets:
Provisions involving substantial degree of estimation in measurement are recognized when there is a ;
present obligation as a result of past events and it is probable that there will be an outflow of resources.
Contingent Liabilities are not recognized but are disclosed in the notes. Contingent Assets are neither <
recognized nor disclosed in the financial statements.
5. Miscellaneous Expenditure:
Pre-operative expenses are amortized over a period of five years. j
7. Contingent Liabilities: NIL (P.Y. NIL) .•>
8. Related Party Disclosure under Accounting Standard 18 (AS 18):
A) List of related parties as identified by the management are as under : -;<
I) Enterprises that directly or indirectly control (through subsidiaries) or are controlled by or are under .<
common control with the reporting enterprise : None <;
II) Associates, Joint Ventures of the reporting entity, investing party or venture in respect of which S
reporting enterprise is an associate or a joint venture : None
III) Individual owing, directly or indirectly an interest in voting power of reporting enterprise that gives <
them control or significant influence over the enterprise, and relative of any such individual : Nil g
IV) Key Management Personnel (KMP) and their relatives;
Mr. Pankaj Panchal Whole Time Director
Mr. Arvindkumar Parmar Executive Director
Mr. Vipul Panchal Chief Financial Officer
Mr. Vikas Gohil Executive Director
Ms. Komal Potekar Company Secretary and Compliance Officer
V) Enterprises over which any person described III and IV is able to exercise significant influence: No
9. Deferred Tax Asset
In accordance with the provisions of Accounting Standard (AS22) issued by The Institute of Chartered
Accountants of India pertaining to accounting of taxes on income, in view of the company not expecting
any taxable profits in near future, no deferred tax asset is recognized. The details of the same areas under:
10. Segment wise details, as required by AS-17 Segment Reporting are not furnished as the management is
of the opinion that it does not have any geographical / business segment that is subject to different kind
of risk, return or opportunities.
11. Previous year figures are given in bracket and have been regrouped / rearranged wherever necessary to
make them comparable.
As per our attached report on even date.
For H. G. Sarvaiya & Co For Pulsar International Limited
Chartered Accountants
Vikas Gohil Arvind Parmar
Hasmukhbhai G. Sarvaiya Chairman & Director Director
Proprietor DIN: 09578828 DIN: 09356562
Firm Regn no: 115705W
Payal Sadhu Vipul Panchal
Independent Director Chief Financial Officer
Place:Ahmedabad DIN: 10352042
Date: 30.05.2025 Komal M. Potekar
Company Secretary
& Compliance Officer
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