2. Significant Accounting Policies

(a) Statement of Compliance

The financial statements have been prepared in accordance with the Indian Accounting Standards (referred to as "Ind AS") as prescribed
under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time.

(b) Basis of Preparation

These Financial statements have been prepared in Indian Rupee (H) which is the Functional Currency of the Company.

These financial statements have been prepared on a historical cost basis, except for certain Financial Instruments which are measured at
Fair Value or amortised cost at the end of each reporting Period, as explained in the Accounting Policies. 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 services rendered
to customers and time elapsed between deployment of resources and the realisation in cash and cash equivalents of the consideration
for such services rendered, the Company has considered an operating cycle of 12 months.

Accounting policies have been consistently applied except where a newly-issued accounting standard is initially adopted or a revision
to an existing accounting standard requires a change in the accounting policy hitherto in use. As the year-end figures are taken from
the source and rounded to the nearest digits, the figures reported for the previous quarters might not always add up to the year-end
figures reported in this statement.

The statement of cash flows has been prepared under indirect method.

(c) USE OF ESTIMATES AND JUDGEMENTS:

The preparation of these financial statements in conformity with the recognition and measurement principles of Ind AS requires
the management of the Company to make estimates and assumptions that affect the reported balances of assets and liabilities,
disclosures of contingent liabilities as at the date of the financial statements and the reported amounts of income and expense for the
periods presented.

i) Income tax expense comprises current tax expense and the net change in the deferred tax asset or liability during the year. Current
and deferred taxes are recognised in statement of profit and loss, except when they relate to items that are recognised in other
comprehensive income or directly in equity, in which case, the current and deferred tax are also recognised in other comprehensive
income or directly in equity, respectively.

ii) Current income taxes: The Company recognizes tax liabilities based upon self-assessment as per the tax laws. When the final tax
outcome of these matters is different from the amounts that were initially recognised, such differences will impact the income tax
and deferred tax provisions in the period in which such final determination is made.

iii) Deferred Income taxes: Deferred income tax is recognised using the balance sheet approach. Deferred income tax assets and
liabilities are recognised for deductible and taxable temporary differences arising between the tax base of assets and liabilities and
their carrying amount, except when the deferred income tax arises from the initial recognition of an asset or liability in a transaction
that is not a business combination and affects neither accounting nor taxable profit or loss at the time of the transaction. Deferred

income tax assets are recognised to the extent that it is probable that taxable profit will be available against which the deductible
temporary differences and the carry forward of unused tax credits and unused tax losses can be utilised. The carrying amount of
deferred income tax assets is reviewed at 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 income tax asset to be utilised. Deferred tax assets and liabilities
are measured using substantively enacted tax rates expected to apply to taxable income in the years in which the temporary
differences are expected to be received or settled.

iv) Useful Life of property, plant and equipment The Company reviews the useful life of property, plant and equipment at the end of
each reporting period. This reassessment may result in change in depreciation expense in future periods.

(d) Revenue Recognition

Company has applied Ind AS 115 which establishes a comprehensive framework for determining whether, how much and when
revenue is to be recognised.

Revenue is recognised upon transfer of control of promised products or services to customers in an amount that reflects the consideration
which the Company expects to receive in exchange for those products or services.

Ý Sale of Goods:

Revenue from the sale of goods are recognized when there is persuasive evidence, usually in the form of an executed sales
agreement at the time of delivery of the goods to customer, indicating that there has been a transfer of risks and rewards to
the customer, no further work or processing is required, the quantity and quality of the goods has been determined, the price is
considered fixed and generally title has passed.

Ý Interest Income:

Interest income is accrued on, time basis, by reference to the principal outstanding and at the effective interest rate applicable,
which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's
net carrying amount on initial recognition.

(e) Cost Recognition Cost and expenses are recognised when incurred and have been classified according to their nature. The costs
of the Company are broadly categorised in employee benefit expenses, depreciation and amortisation expense, Finance Cost and
Administrative and other Operating expenses. Employee benefit expenses include Salaries, incentives and allowances, contributions
to provident and other funds and staff welfare expenses. Administrative and Other Operating expenses include Power & Fuel, Fees to
external consultants, facility expenses, travel expenses, etc.

(f) Foreign Currency: Foreign currency transactions are recorded at exchange rates prevailing on the date of the transaction. Foreign
currency denominated monetary assets and liabilities are retranslated at the exchange rate prevailing on the balance sheet date and
exchange gains and losses arising on settlement and restatement are recognised in the statement of profit and loss. Non-monetary
assets and liabilities that are measured in terms of historical cost in foreign currencies are not retranslated.

(g) Financial assets and liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issue
of financial assets and financial liabilities (other than financial assets and financial liabilities at fair value through profit or loss) are added
to or deducted from the fair value measured on initial recognition of financial asset or financial liability.

The Company derecognises a financial asset only when the contractual rights to the cash flows from the asset expire, or when it transfers
the financial asset and substantially all the risks and rewards of ownership of the asset to another entity. The Company derecognises
financial liabilities when, and only when, the Company's obligations are discharged, cancelled or have expired.

Cash and Cash Equivalents Cash and cash equivalents comprise cash at bank and in hand. Deposits with banks subsequently measured
at amortized cost.

Financial Assets at amortised cost

Financial assets are subsequently measured at amortised cost if these financial assets are held within a business whose objective is to
hold these assets to collect contractual cash flows and the contractual terms of the financial assets give rise on specified dates to cash
flows that are solely payments of principal and interest on the principal amount outstanding.

Financial assets at fair value through other comprehensive income

Financial assets are measured at fair value through other comprehensive income if these financial assets are held within a business
whose objective is achieved by both collecting contractual cash flows on specified dates that are solely payments of principal and
interest on the principal amount outstanding and selling financial assets.

Financial assets at fair value through profit or loss

Financial assets are measured at fair value through profit or loss unless they are measured at amortised cost or at fair value through
other comprehensive income on initial recognition. The transaction costs directly attributable to the acquisition of financial assets and
liabilities at fair value through profit or loss are immediately recognised in statement of profit and loss.

Financial Liabilities

Financial liabilities are measured at amortised cost using the effective interest method.

Equity instruments

An equity instrument is a contract that evidences residual interest in the assets of the Company after deducting all of its liabilities. Equity
instruments issued by the Company are recognised at the proceeds received net of direct issue cost.