1. Significant Accounting Policies
1.1 General
The financial statements of the Company comprising of Balance Sheet, Statement of Profit and Loss, Statement of
changes in Equity and Cash Flow Statement together with the notes have been prepared in accordance with Indian
Accounting Standards notified under the Companies (Indian Accounting Standards) Rules, 2015 (“Ind AS”) as amended.
These financial statements have been prepared and presented under the historical cost convention, on the accrual basis
of accounting except for certain financial assets and liabilities that are measured at fair values at the end of each
reporting period, as stated in the accounting policies stated out below.
1.2 Use of Estimates
The preparation of financial statements requires management to exercise judgment in applying the Company's
accounting policies. It also requires the use of estimates and assumptions that affect the reported amounts of assets,
liabilities, income and expenses and the accompanying disclosures including disclosure of contingent liabilities. Actual
results may differ from these estimates.
Estimates and underlying assumptions are reviewed on an ongoing basis, with revisions recognised in the period in which
the estimates are revised and in any future periods affected.
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