SIGNIFICANT ACCOUNTING POLICIES:

BASIS OF PREPARATION AND PRESENTATION:

The financial statements have been prepared on the historical cost basis except for the following assets and liabilities which
have been measured at fair value amount :

i) Certain financial assets and liabilities (including derivative instruments)

ii) Defined benefit plans - plan assets

Historical cost is generally based on the fair value of the consideration given in exchange for goods and services. Fair value is
the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market
participants at the measurement date. All assets and liabilities have been classified as current and non-current as per the
Company's normal operating cycle. Based on the nature of transactions involving sale of goods to customers and time
elapsed between deployment of resources and the realisation in cash and cash equivalents, the Company has considered an
operating cycle of 12 months.

STATEMENT OF COMPLIANCE:

These financial statements have been prepared in accordance with Indian Accounting Standards ('Ind AS'), notified under
Section 133 of the Companies Act, 2013 (the Act), read with the Companies (Indian Accounting Standards) Rules, 2015 and
other relevant provisions of the Act.

Effective April 1, 2017, the Company has adopted all the applicable Ind AS Standards and the adoption was carried out in
accordance with Ind AS 101, First Time adoption of Indian Accounting Standards, with April 1, 2016 as the transition date.
The transition was carried out from Indian Accounting Principles Generally Accepted in India (Indian GAAP), as prescribed
under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 (Indian GAAP), which was the
previous GAAP

Accounting Policies have been consistently applied except where a newly issued Accounting Standard is initiallty adopted or
a revision to an existing Accounting Standard requires a change in the Accounting Policy hitherto adopted.

FUNCTIONAL AND PRESENTATION CURRENCY

The financial statements are presented in Indian rupees, the national currency of India, which is the functional currency of the
company.

Figures are rounded off to the nearest lakhs with two decimal places.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:

Inventories

Inventories are valued in line with Ind AS 2 - Inventories. Items of inventories are measured at lower of cost and net realisable
value after providing for obsolescence, if any, except in case of by-products which are valued at net realisable value. Cost of
inventories comprises of cost of purchase, cost of conversion and other costs including manufacturing overheads net of
recoverable taxes incurred in bringing them to their respective present location and condition. . The formula used for arriving
at the cost for various items of inventories are as follows:

i) Raw materials Weighted Average Cost

ii) Packing Materials Weighted Average Cost

iii) Additives Weighted Average Cost

iv) Stores & Spares Weighted Average Cost

v) Semi-finished goods Weighted Average Cost

vi) Finished goods Weighted Average Cost

vii) Livestock Weighted Average Cost

Revenue Recoginition

Revenue from sale of goods is recognised when the significant risks and rewards of ownership have been transferred to the
buyer, recovery of the consideration is probable, the associated cost can be estimated reliably, there is no continuing
effective control or managerial involvement with the goods, and the amount of revenue can be measured reliably.

Revenue from sale of goods is meaured at the fair value of consideration received or receivable, taking into account
contractually defined terms of payment and excluding taxes or duties collected on behalf of the government.

Revenue is recognised and expenditure is accounted for on their accrual

Sales of Finished goods, Eggs, Birds & Feeds are recognised on accrual basis and are accounted for in the books of accounts
on the dates on which the goods are actually despatched from the Factory, Farm, Feedmill respectively.

Interest Income :

Interest income from a financial asset is recognised using effective interest rate method.

Dividend Income :

Revenue on account of dividend income recognised when the Company's right to receive the payment has been established.
Government grants / assistance :

Revenue from grants, subsidies or government assistance in any form are recognised when the Company's right to receive
the payment has been established.

Grants from the Government are recognized at their fair market value where there is a reasonable assurance that the grant will
be received and the company will comply with all attached conditions. Government grants receivable as compensation for
expenses or financial support are recognized in profit or loss of the period in which it becomes available.

Government grants relating to the purchase of property, plant and equipment are shown by way of reduction from the value
of the Property, plant & equipment in accordance with the amended Ind AS 20 - Accounting for Government Grants and
Disclosure of Government Assistance.

Finance Cost

Borrowing costs include exchange differences arising from foreign currency borrowings to the extent they are regarded as an
adjustment to the interest cost. Borrowing costs that are directly attributable to the acquisition or construction of qualifying
assets are capitalised as part of the cost of such assets. A qualifying asset is one that necessarily takes substantial period of
time to get ready for its intended use.

Interest income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is
deducted from the borrowing costs eligible for capitalisation.

All other borrowing costs are charged to the Statement of Profit and Loss for the period for which they are incurred.

Leases

The Company, as a lessee, recognises a right of use asset and a lease liability for its leasing arrangements, if the contract
conveys the right to control the use of an identified asset.

The contract conveys the right to control the use of an identified asset, if it involves the use of an identified asset and the
Company has substantially all of the economic benefits from use of the asset and has right to direct the use of the identified
asset. The cost of the right of use asset shall comprise of the amount of the initial measurement of the lease liability adjusted
for any lease payments made at or before the commencement date plus any initial direct costs incurred. The right-of-use
assets is subsequently measured at cost less any accumulated depreciation, accumulated impairment losses, if any and
adjusted for any remeasurement of the lease liability. The right-of-use assets is depreciated using the straight-line method
from the commencement date over the shorter of lease term or useful life of right-of-use asset.

The Company measures the lease liability at the present value of the lease payments that are not paid at the commencement
date of the lease. The lease payments are discounted using the interest rate implicit in the lease, if that rate can be readily
determined. If that rate cannot be readily determined, the Company uses incremental borrowing rate.

Lease liability and ROU asset are separately presented in the Balance Sheet and lease payments are classified as financing
cash flows. At the date of commencement of the lease, the Company recognizes a right-of-use (“ROU”) asset representing
its right to use the underlying asset for the lease term and a lease liability for all lease arrangements in which it is a lessee
except for leases with a term of 12 months or less (short term leases) and leases for which the underlying assets is of low
value. For short-term and low value leases, the Company recognises the lease payments as an operating expense on a
straight-line basis over the lease term.

Earnings Per Share

Basic earnings per share is calculated by dividing the net profit after tax by the weighted average number of equity shares
outstanding during the year. Diluted earnings per share adjusts the figures used in determination of basic earnings per share
to take into account the conversion of all dilutive potential equity shares. Since the company does not have any potential
equity shares, the basic earnings per share and diluted earnings per share are the same for the company.