G Provisions, Contingent Liabilities and Contingent Assets

Provision are measured at the Present value of tire management's best estimate of tire expenditure required to settle the
present obligation at tire end of reporting period. 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 disclosed only when there is a possible obligation arising from past events, the existence of which
null be confimre'd only by the occurrence or non-occurrence of one or more uncertain future events which is not wholly
within the control of the Company or a present obligation that arises from past events where it is either not probable that an
outflow of resources will be required to settle the obligation or estimate of the amount cannot be measured reliably.

No contingent asset is recognized but disclosed by way of notes to accounts only when its recognition is virtually certain.

H Revenue Recognition

Revenue is recognized to the extent that it is probability that tire economic benefits rvill flow to the company and the revenue
can be reliably measured. Tire Following specific criteria must also be met before revenue is recognized.

Shares Purchases / Sales in Capital Market Segment has been taken on absolute basis. Derivative Segments Transactions has
been taken on difference bill basis.

Dividend income is recognized when the right to receive tire income is established.

Interest income is recognised, when no significant uncertainty as to measurability or collectblitiy exists, on a time proportion
basis taking into account tire amount outstanding and the applicable interest rate , using the effective interest rate method
(HR).

I Foreign Currency Conversions/Transactions

Foreign Currency Transactions are recorded at tire exchange rates prevailing on the date of the transactions. Gains and losses
arising out of subsequent fluctuations are accounted for on actual payments or realisations as the case may be. Monetary
assets and liabilities denominated in foreign currency as on Balance Sheet date are translated into functional currency at the
exchange rates prevailing on that date and Exchange differences arising out of such conversion are recognised in the
Statement of Profit and Loss.

J Income Taxes

Income tax expense for the year comprises of current tax and deferred tax. It is recognised in the Statement of Profit and Loss
except to the extent it relates to any business combination or to an item which is recognised directly in equity or in other
comprehensive income.

a) Current Tax

Current tax expense is made on tire basis of estimated taxable income for tire current accounting period in accordance with
the provisions of Income Tax Act, 1961 and judicial interpretations thereof as at the Balance Sheet date and takes into
consideration various deductions and exemptions to which the Company is entitled to as well as the reliance placed by the
Company on the legal advices received by it.

b) Deferred Tax

Deferred tax charge or credit reflects the tax effects of temporary differences arising between the tax bases of assets and
liabilities and their carrying amounts in the financial statements . The deferred tax charge or credit and the corresponding
deferred tax liabilities or assets are recognized using the tax rates that have been enacted or substantively enacted by tire
Balance Sheet date. Deferred tax assets are reviewed at each Balance Sheet date and are written-down or written-up to reflect
the amount that is reasonably certain (as the case may be) to be realized.

Deferred tax assets and deferred tax liabilities are offset when there is a legally enforceable right to set off assets against
liabilities representing current tax and where the deferred tax assets and tire deferred tax liabilities relate to taxes on income
levied by the same governing taxation law.

Deferred tax assets are recognised for all deductible temporary differences and unused tax losses only if it is probable that
future taxable amounts rvill be available to utilise those temporary differences and losses.

Current and deferred tax is recognised in profit or loss, except to the extent that it relates to items recognised in other
comprehensive income or directly in equity. In this case, tire tax is also recognised in other comprehensive income or directly
in equity, respectively.

Employees benefits include provident fund, superannuation fund, employee state msurance scheme, gratuity fund,
compensated absences, long sendee awards and post-employment medical benefits. Retirement benefits are accounted for as
and when paid.

Any actuarial gains or losses pertaining to components of re-measurements of net defined benefit liability/(asset) are
recognized in OCI in the period in which they arise.

L Borrowing Cost

General and Specific Borrowing Cost that are directly attributable to the acquisition or construction or production of
qualifying assets are capitalized as part of the cost of such assets upto the date when such assets are ready for intended use.
Qualified assets are assets that necessarily take a substantial period of time to get ready for their intended use or sale.

Other borrowing costs are charged as expenses in the year in which they are incurred.

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

M Earning Per Share

Basic Earning Per Share is calculated by dividing the net profit or loss for the period attributable to equity shareholders by
weighted average number of equity shares outstanding during the period.

For the purpose of calculating diluted earnings per share, net profit after tax during the year and the weighted average
number of shares outstanding during the year are adjusted for the effect of all dilutive potential equity shares.

N Leases
As Lessee

Accounting for finance leases

Tire 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 tire use of air identified asset.

Tire contract conveys the right to control the use of an identified asset, if it involves tire use of air identified asset and the
Company has substantially all of tire economic benefits from use of tire 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 air}' initial direct costs incurred. Tire right-of-use
assets is subsequently measured at cost less any accumulated depreciation, accumulated impairment losses, if any and
adjusted for any remeasurement of tire lease liability. The right-of-use assets is depreciated using the straight-line method
from the commencement date over the period of lease term.

The Company measures the lease liability at the present value of the lease payments that are not paid at tire commencement
date of the lease. The lease payments are discounted using the incremental borrowing rate of the company.

For short-term and low value leases, the Company recognises the lease payments as an operating expense on a straig -line
basis over the lease term

O Segment Reporting

Operating segments are reported in a maimer consistent with tire internal reporting provided to the chief operating decision
maker. Management of the Company is responsible for allocating resources and assessing the performance of the operating
segment. Revenue, expenses assets and liabilities which are common to the company are shown as results, assets and
liabilities as unallocable.

P Statement of Cash Flows

Statement of cash flows is prepared in accordance with the indirect method prescribed in Ind AS-7 'Statement of cash flows.

Q Non-current assets held for sale

The Company classifies non-current assets as held for sale if their carrying amounts will be recovered principally through a
sale rather than through continuing use. Actions required to complete the sale should indicate that it is unlikely that
significant changes to the sale will be made or that tire decision to sell udll be withdrawn.

Management must be committed to tire sale expected within one year from the date of classification.

Tire criteria for held for sale classification is regarded met only when the assets is available for immediate sale in its present
condition, subject only to terms that are usual and customary for sales of such assets, its sale is highly probable; and it will
genuinely be sold, not abandoned. The Company treats sale of the asset to be highly
probable when:

The appropriate level of management is committed to a plan to sell the asset,

• An active programme to locate a buyer and complete the plan has been initiated (if applicable),

• Tire asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value,

• The sale is expected to qualify for recognition as a completed sale within one year from the date of classification, and

• Actions required to complete the plan indicate that it is unlikely that significant changes to tire plan will be made or that the
plan will be withdrawn.

Non-current assets held for sale are measured at tire lower of their carrying amount and the fair value less costs to sell. Assets
and liabilities classified as held for sale are presented separately in the balance sheet.

Property, plant and equipment and intangible assets once classified as held for sale/ distribution to owners are not
depreciated or amortised.

Note no. 36 Disclosure as per Ind AS 107 'Financial instrument disclosure'

A) Capital management

For the purpose of Company's Capital Management, Capital indudes issued equity share capital and borrowings excluding working capital loans horn
various financial institutions . Tire primary objective of Company's Capital Management is to maximize shareholder's value and to maintian an
appropriate capital structure of debt and equity. Tire company manages if s capital structure and makes adjustments in the light of changes in economic
environment and the requirements of financial covenants.

Equity share capital and other equity are considered for the purpose of Company's capital management. Tire Company manages its capital so as to
safeguard its ability to continue as a going concern and to optimise returns to shareholders. The capital structure of the Company is based on
management's judgement of its strategic and day-to-day needs with a focus on total equity so as to maintain investor, creditors and market confidence.
The management and the Board of Directors monitors the return on capital as well as the level of dividends to shareholders. The Company may take
appropriate steps iin order to maintain, or if necessary adjust, its capital structure.

B) Financial risk management

Hie Company's Financial Risk Management is an integral part of how to plan and execute its business strategies. The Company's financial risk
management is set by the Managing Board.The Company's prinicipal financial liabilities comprise loans and borrowings, trade payables and other
payables. The main purpose of these financial liabilities is to finance the company's operations. The company's principal financial assets include hade &
other receivables and cash and short term deposits.

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations
resulting in a financial loss to tire Company. Credit risk arises principally from trade receivables, loans & advances.

Provision for Expected Credit or Loss

(i) Financial assets for which loss allowance is measured using 12 month expected credit losses.

Tire Company has assets where the counter-parties have sufficient capacity to meet the obligations and where the risk of default is very low. Accordingly,
no loss allowance for impairment lias been recognised.

(ii) Financial assets for which loss allowance is measured using life tune expected credit losses

Hie Company provides loss allowance on hade receivables using life time expected credit loss and as per simplified approach
ii) Liquidity Risk

Liquidity risk is defined as the risk that the Company will not be able to settle of meet its obligations on time or at a reasonable price. Tire Company's
treasury department is responsible for liquidity, funding as well as settlement management. In addition, processes and policies related to such risks are
overseen by senior management. Management moniters the Company's net liquidity position through rolling forecasts on the basis of expected cash flows.

iii) Market Risk

Market Risk mainly relates to the investment & deposits. There is no regular business of company for making investment & deposits.However, company
manages the cash resources, borrowings strategies and ensuring compliance of tire same with the guidelines & directions of tire Higher Management.

A) Foreign currency risk

Tire company operates business as a Importer / Exporter of various goods and domestically in which therefore there may be foreign currency risk arise.

B) Interest Rate Risk

Interest rate risk is tire risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rate. In
order to optimize tire Company's position with regards to interest income and interest expenses and to manage the interest rate risk, treasury performs a
comprehensive corporate interest rate lisk management by balancing the proportion of fixed rate and floating rate financial instruments in its total
portfolio.

Note no. 37 Disclosure as per Ind AS 113 'Fair Value Measurement'

Fair valuation techniques

The Company maintains policies and procedures to value financial assets or financial liabilities using the best and most relevant data available. Hie fair
values of the financial assets and liabilities are included at the amount 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.

Fair Value Hierarchy

All financial assets and liabilities for which fair value is measured in the financial statements are categorised within the fair value hierarchy, described as
follows: -

Level 1 - Quoted prices in active markets.

Level 2 - Inputs other than quoted prices included within Level 1 that are observable, either directly or indirectly.

Level 3 - Inputs that are not based on observable market data.

The following methods and assumptions were used to estimate the fair values:

1) Fair value of cash and deposits, trade receivables, trade payables, and other current financial assets and liabilities approximate their carrying amounts largely due
to the short-term maturities of these instruments.

2) Fair value of borrowings from banks and other non-current financial liabilities, are estimated by discounting future cash flows using rates currently
available for debt on similar terms and remaining maturities

3) Other non-current receivables are evaluated by the Company, based on parameters such as interest rates, individual creditworthiness of the
counterpart}¹' etc. Based on this evaluation, allowances are taken to account for the expected losses of these receivables