I Slgniflcant S( cuu nting policies

T

The Handajft* firSbidnJ sahftttdfltl have been tvopamd on [h_u historical cnsr basis evirept tor ctr^fn flnanr,.,f inttrumimls that are
r^aaiuneri Kfair vafees at the end u1 i.-jch reporting perlud. as ^pJaloti in The- acroumin_E policies DeF_aWr

Hbtorreal cost |s generally hased sn fit fair value of trip coin deration given in enchanfiie lor ^ocd; and v-vicri.

fsif Vitlae is the prki? that would fce receluwJ to ₃eif an toset or paid to Transfer a liability m an orderly tnonunion berwcifn marker
party,pants at the meisuiemonL dale re^rdless of whelht-r that price it dirttdy cbE-erviibltf o- estimated utftg another p^sridh
terJtmque In eftimstlmg the fair value of ,t_n asset or a lability, ihe Comnonv UkeS into account the characteristic!; nt the asset or
liability it market pnrtldpints would i.ik- thus-:- chamclerist.C! Into account when pricing th* asset pr liability X the mpas,.,.-ment cete
Fair value for measurement a ndjnt disclosure pUrptoes In these slanoialone financial ftofements or determined on such » trails, except
tar share-bated payment transactions that are within Ihe scope of Ind A5 102, ieasm_G tr^saa-on:-. that pre within Ihe scope of
1 Ý, and "Wainments i hat have St me si m-larlties 1 o fait value ljur a ne not fai r va lur Ý, such us rut rea li t ^:i I >-h va lu e n i Ind AS 2 o< vale e
use In Ind A5 36.

2.2 Revenue retrumitlnn

kevnnpu is measured at fall value nt cnnsidfialKin icurved ar receivable; tHkipany re&pfpM its reveriipe an sales uf products, net o'
discount, re-bafe. mam, returns and duTlps

2.4.1 Sale of paods

Revenue from the sale of ponds li recognised wlmn the r;oods are delivered and Title* has* passed, m which time- all tl» following
conditions era satisfied:

» the- Company has transferred Id the buyer Me jjgnrFinteit risks and reward! nt on-sh ip ot the flood^;:

Ý (he Company retails neither continuing managerial involve merit tip the degree usually -associated with ownership nor effective
Mm tre) era r the flf-inds su 'U:

' Lhea-ppuntof re-venue can be measurer) mliably.

* n is protabe that ihy economic benefits associated with the IranifcbtJan will flMy to!he Company; end

* the cpsti Incurred or to be Incurred |.-i ruioect nt the- rmnsactrer: can be measured reliahly

2.4.2 Dividend nod Interest Income

Dfeidand income from nveiLmenc.s is rem/msed when tre Shareholder's right to recurve payment has been establrr.h, ,J (p_rpvided that
It Is prohibit. | hat the economic henr-riis will Now tn the Company and the amount or income ten be measured pliably).

Interest inecmc (fbm a financial assr-r is rer^lilstid when ft Is prahabta |ha| LJiu e-curiL-m-c dentils will flow rp d_v Company and rlv
amount of income can be measured relfabiy. Interest IflCBme is accrued cm a time haw, |>y taterente tb the principal outsrcndlnR and
nt the effective interest rpto ypphc-nola, which is ltie rate that pvacilv deepents estrmaigd ruture rash rempti thmu_Sh tike ^p-Jrted
'iul the Tinanrial asset to r f-ot ,i ~ set s lie I currying amourtt dn mit ill recognttiOrl,

2-3- Leasing

Leates.Wilairfhwf as finance Iwtes whenever tbp terms or the lease transfer Hibstaptiil v .HI the risks nctrlH'wartls ofowflfc'SMiS to
the lessee. A I other lease, ary ifissitied as operntn^ kjcui

A,, h Lessee

Flifnr.ll pjifkense hem operotinn f«SH is generaly reropnisad on a straight ling basis over the lerm of the relevant lea = =. tVh.-re Lhv.-
rentals are structured safely Lu increase m line wuh erpecied general inflation Iq Hjmceftfiate for the leiSOf's diefiacted loffnt,pnjr_V cost
intreaiEt. such increase! are .pco-miied In fhr year In which such oenelitb accrue Tnnl nganr rentals ,irising urdec opctuitlng losses
tart recognispd ^ ,in oxpense in ihs pL^jiioil in which Iheyiir^ incurred

5-4 Fef^ijin currencies,

TT.e functlnnaf currency of Lbe company |y determmpd no ihe basis el the primary rcomm.c environment m whiclmt operafes The

functmn-fl I currency of Ihe corn ppny Is Indian national rupee 11 NR)

(fiA /assST^.

In preptannE the Statements mn_EJC»f»« In pvten&l ?(her thM the entity's function*] current [toeien currencies] ere

recn*_n^ a1 the TAS or wehanse prevailing at the dates of the inn sections. At the end pf each reporting peripd monetary items
tJenqmjpjted In fpieign currMdK w* retransiated at the rates prevailing at that date Nun-maiWL^ hems camed at fjir value that
are dr-nommaTen In foiei_Bn currencies are retn.,1Elated at the rates prevailing „t Ihe date uvhpn the f;„r y*|ue was rMumuned Non
monetary It emir Lit a™ meas^ in Terms pf hMoikal Unit in static currency are r,or retranslated
Btchlnite difference* nil HMneta^fams j_fc recognised in profit ortofc m the period in which Lhuva'ise.

2-S Borrowing costs

Borrow mg _CMls that are attribute to the WCuisrtiqn qr must™!]™ of qualifying assets _arg totalised as part of th_{B CM},-*f such
Hsseti A qcahrym., asset B Ct* that hece«,rtty: lata, a substantial period cf time to *t ready for ns -ntecderl use or sale. All other
dp rrowin.ir rests era (ha rged to i eve nti e.

2.G Employee benefits

Detined cmccibution uian

Payments to defined contribution ptan, i.e.. Company's contribute to provident fund, superannuation (und employee slate
.^1 runce and other funds afE d,itmm|.,_Ld undt?r the relevant sctiemss and/or statute and ch.trguu tn rhe Statement ot r_r0lir _artd Loss
In thg period qf incurtern:* whpn the iiervices i=rp sreflder&d by the ernpJovees-

Dgfinpdbfricfilarid nlher jpns term bensJil

Cpt, party's I abilities toward* ddlneo benefit plans and off w lung term bandits vkt. pr*tuity are determined ₍islrt_K fe Printed Unit
Credit Method The liability is determined ₃s a differentia anwunr on the ba*s pt actuarial valuation buin_B carried _OIft at ea_th bahante
sheet d** using Projected Unit Credit f^thod and fund teltata. Actual gains and lows are r_ef08nrsed In the Statement pf Profit
and LKS in the period of.Ofcurruno- dfsudh galfis and losses. Part ffitVfr. oast is f^.iisud as an osrpense an n itraiglTT line h .y,s evu-

^{1 ,e ,rtMS}*^e Ý^m"^{1 the b}<™^nts Wfd To the exten the beeife are trendy vested nimudrHtaly fnll _Ki_r ,ha

introduction ot, or changes to, a defined benefit plan, p lit service coil is recognised immediately.

Short-term Employe c ibenEfits

Short-term employee ben efitsr «, ported to be paid In exchange for the services reared by employes a re rPCOR^d undtMOUnted
during the pc titnf umpJnyee rpndiVS semte.H. i htse banetiTs tpdude perforn^g incentives.

Employee bsneflIs have been dlftissed net of n-r eyeries, it any.

1,7 Taxation

Intnme tan expense represents I fie sum jStthg.tii Cvnantly payable apd deferred to,

1 7.1 Cunamt T_ax

Th_f tax Cbrrrnllv payable is based ?„ taxable profit for the year Tasable pr₍rt|- dilters ^rom 'profit before ta.nl; as repp,led tn the
StarUdalbB# stiHemant of profit Jnd lost beesuicuf items nt inxnme or expense thdt eretavapJe nr d c-d uc t. bJ_L' in other year sand items
that are never taxable or deductible. The (ompnay's current tav is tBlrukiod using tax rata that have been enacted dr mbitandwfy
enneted by the endprrJn; r_aporting perind

2.7.2 Dv-rurrcd tax

PefurrLd to « recaanised on temppmrydNffurEnces ttftWen ihe cnrry,r.₆ pmnunts pf n_;;s_ats prsd ...LdlUov in the stBbdalDOE Einanctal
SMtaments and ftw corre, ponding to bases used m [be Com nutation pi hr-a Lie profit. >'f=rred t.n I, ,1 bdihes are pm nr:, lu rocogmsed

Td- all tavaljlf ternpurary d tferenr.e;. EJeferrsd tax aisets are gBh.walKr reengmset) to ail deductible tempanry differ*^.......

extent that ,L if probabJe that Msdbfe profiti wifi be available Igjitfet which those deouctible ttfreporBiy drrtoenMS Can be uullst-d
Such deferred Ur assuUand iWIntie, are nst raised I the temporary the mitral recog,'h,or, (other fen ,n a

busmesi fumbinatiml pf assets hdd liabilities In a transaclkm that eMkr rtdllhur the taxable profit nor the accounting profit. In
ariffhmn, deferred |s*Hdbiillius are not nfCS^tiSgd if the tejUpcrary difference arisos frnm the initial rrcocolflon ul goodwill.

The carrying ii^Qant pf deferred to assert is reviewed at The earl pf each reporr.pji period and reduced Ip the extent that H ,_{s ntf}
Icnger probable titif sufficient tosbfE ptofils Will b^wiilgblp to., New all or pxn dfthe asset tr> bu rcLO-ered.

Deferred tax bbdltiet.rr.d assail are manned af the U> rate, that am expected ro apply In the period in winch feHlblllly is settled
erfe asset nenlrtod. based on tav rates land tav law*] that have b^n enacted or Eubslanttvely ebl«ed hy the end til me r^onirr
period.

i. 7-J Curve nt a nef de furred tax for the yea r

CUrrcnl and deferred to a rtr recpgmsecj In profit or los?y Except when they relate Jo (tons that are ret _{0f! n}i surf irt other Corner ah-ns, r~-
Intome or d^eetty in equity. In which case, the curreol and deferred tax are a Iso recognised m pjhor Comprehensive Income or directly
<n equnty respectively. Wh*rt current tax or deforced tax arise-, horn the ini1i.il atmuntidg tor a busi.-es, comb.rLjUcn. tee ₍sx nffucl is
IncJudocf in the icceunung for the business comb in a tinn.

2-B Property, plant and equipment (inducting Capital ttrnrk In-Progress)

Property plant jnd equipment are stood et theif cos! qf dc-quisit on o, Lon.tructrp-. less accumulafitU deprecratjnn and nnpemnem
losses. Costs qf acquisition cpmprise all costs incur, ed to bfiog the assets tu their lucstirsn a no w„.ri.,nrj cond.t.pn up lo chr- date the
assets are pul tn use.

free bold land is not dejiroci.ited.

Depreciation ii recognised » « to write off Jlie MSt of assets (other than freehold land and p«|*!rtl« tinder construction] less their
residual vq1_UEy over their USeiijr lives, usrng the SttogJiHfe method^ The estimated useful lives, residual values and dbpreclatioZ^

melhod are reviewed at the end Pt pnch neporfing periodjr^ft«afe^r_Bny tbaoget .„ ustirrute accounted inr o„ . i^sp-cAA ^; Ý 1TN
basis.

l^ml oW *

eft

Page 66 o

Hn ftprttltett (* p^ded for leasehold fed si„_ce as p*thtr Wm* ?gr,pr......_.. the t*a« ore renewable « the notion _e[ tee tampna_V

rcr mo further period ft lha end u1 ‘.he lease period without/ y/i|H rrsr^na111.iymonl of lunher premium

im^itue asset, m amortised » as to rtrftfca the patten in whld, the asaefs Eornomk benefit, are coruuniEd _Pwr * poind opt
«*CMdrn_BTen years, ttlfl estimated period of benefit istfatermined based Oh i technical evaluation tEntritol by the maniljspmenL.

An Item of propwty, plait* and epi.lpment is derecognised upDO dKpn-.,H or when no Ittnre economic benefits are ex peeled to or,*_L-
I 'Dm the con Unu^j use of the asst t Any gfi_n n r loss Pr is. n_e nn th e 01 > pesal o r rs_L„ amen l cl an item of property pi, m a nd equ ifimc nr
ii determined at the differed re betwe en the sal es p. woods and Thf H trying om.nopt of the «seta ntl It recogni ted rn profit p r lots

For r Ml I Sftio meted M, the Co mprtnv has e 'ecred to con Pn tie wit ft the tarry ,ng ya tee <Jt all or Its propc rty. plan t MU equrpm _Krt |
recopniyed aid April I. 3fll6 (transitino date! measured ns pur 1 he previous GAAP and use ih.it narr,r-g wtlp,t he it: der-m-d _Leit as or
the trjmiLitin date

i.9 Other Intangible asu-ty

Intangible attets with finite useful Hws th Jt are acquired Ý.i?p_l>rJLu1y are carried at cost less accumulated amortisifftm and a_C( i-mifatee

Impairmerrt losses, Amortisation 15 recoghisea on a strawhl line basts over their estimat'd uieful lives. The climated use......_{e a}„_fl

amortisation method are revved at the end of e.nh reporting period, With the effect orany changes In estimate befn*accounted far
on e prospective hash. IptSrtglb&c assets with indefinite useful lives 1hn are aftjytrsd separately tire serried at cos1 less accumu ated
impairment losses

2.10 Cash and cash equivalents

For L 'Ý E Purpose at presents! ion ini he Statement t of ca ih .flaw, cesh an d cash e qu\vH6fHii tested ,'fl c ash in ban d. de ppsir h eld a I cal I
with hnanpial Institution, other short term highly liquid Invectment with original maturities of three months or less that are readily
convertible 1p known amn.mt of cosh ,>nd which are HibJ-fcttfl in:i_Rmf._tar.I risk ol chanpe m value, end baqfc overdraft.

Z.ll Trade ftecel wtb le

Trade Receivable *fl) 1 ucogcirzad Initially at fprr va It. e a nd fubst qu'jnlly measured it amortired _C04t using effective iniorcst method
lets provision fur .inpayment

2-12 tm palrment of tangible . 1 nrf inta ngibt? isiets itbai than good wiil

At the end of each year, the Cbdppstiy dbtarmines. whether p pro,,slop should ce made fur impairment fo« ^ hyod ov^b by
considering the ruficaKons tfra¹ on inip.nrnienr loss nwybave nccuigd. A', impnirment ns^:. is charged to fIr.stK'rt"ort of p.-.-.l,: ,_mcf Lest
m the year In which, an asset is Identified « Imnairud. when tb; fjrrymg va'uc of (hr jsset emeedt Us recoven I it,- vu.uu. Nie
Impaircnem Ibis rtstegr^d In prim accu anting pe rinds (traversed (f thore ha bee in c upgein the eiitiflUie pf r-covcr*hi_G amouit

2,13 InvenipriHts

flaw .Iter la I vateed al first 10 First ? ut n>p; hod

Work In Process - Materials at weighted ?vemgu mat and on n^piopriaiE absorption of factory pveihejds

Finished I'rdtfuet Ý Materials at welglili-il .ivertge cost jrnfl p_n ,>p premia: Ý-oospipfie.1 of factory ovtvh pods o-.d

evcise duly whe 1 ever applicable

Trading rood: - tvelfclilcd avernnp cost/ FIFO

Poching materiafi valued at First InFimout method

Obsolete, slow moving and detective inverd0rms are identified from t {ne to time _Jnd, where newssary, a provis.on is made fm such
rnVentarres,