Accounting Policies of Alan Scott Enterprises Ltd. Company

Mar 31, 2025

1. Corporate information

Alan Scott Enterprises Limited ("the Company”) is a public limited company
incorporated in India having its registered office at 302, 3rd floor, Kumar Plaza,
Near Kalina Masjid, Kalina Kurla Road, Santacruz, Mumbai 400029, India. The
Company is engaged in the business of manufacturing and distribution of various
health and hygiene products and retail business.

2. Statement of compliance

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

3. Basis of preparation and presentation

The Financial Statements have been prepared on the historical cost basis except
for 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 and

iii) Equity settled Share Based Payments

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.

The statement of cash flows has been prepared under indirect method, whereby
profit or loss is adjusted for the effects of transactions of a non-cash nature, any
deferrals or accruals of past or future operating cash receipts or payments and
items of income or expense associated with investing or financing cash flows. The
cash flows from operating, investing and financing activities of the Company are
segregated.

The Company''s Financial Statements are presented in Indian Rupees (''), which is
also its functional currency and all values are rounded to the nearest thousand (''
000), except when otherwise indicated.

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.

In addition, for financial reporting purposes, fair value measurements are
categorised into Level 1, 2, or 3 based on the degree to which the inputs to the fair
value measurements are observable and the significance of the inputs to the fair
value measurement in its entirety, which are described as follows:

• Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets
or liabilities that the entity can access at the measurement date;

• Level 2 inputs are inputs, other than quoted prices included within Level 1, that are
observable for the asset or liability, either directly or indirectly; and

• Level 3 inputs are unobservable inputs for the asset or liability

4. Use of estimates and judgment

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, judgments and assumptions.

These estimates, judgments and assumptions affect the reported balances of
assets and liabilities, disclosures relating to contingent liabilities as at the date of
the financial statements and the reported amounts of revenues and expenses for
the year. These estimates and underlying assumptions are reviewed on an
ongoing basis.

Revisions to accounting estimates are recognized in the period in which the
estimates are revised and future periodsare affected. Although these estimates
are based on the management''s best knowledge of current events and actions,
uncertainty about these estimates, judgments and assumptions may result in the
outcome that may require material adjustment in the carrying amounts of assets
and liabilities in future period.

Estimations which may cause material adjustment to the carrying amounts of
assets and liabilities within next financial year is in respect of useful lives of
property, plant and equipment, valuation of deferred tax assets, provisions and
contingent liabilities , fair value measurement of financial instruments as well as
others have been discussed in the following notes.

5. Property, plant and equipment

Property, plant and equipment are stated at cost, less accumulated
depreciation and impairment loss, if any. The cost comprises the purchase
price and any attributable cost of bringing the asset to its working condition
for its intended use. Any trade discounts and rebates are deducted in arriving
at the purchase price. Advances paid towards the acquisition of property,
plant and equipment outstanding at each Balance Sheet date is classified as
capital advances under other non-current assets and Other Indirect Expenses
incurred relating to project, net of income earned during the project
development stage prior to its intended use, are considered as pre-operative
expenses and disclosed under Capital Work-in-Progress..

Subsequent expenditures related to property, plant and equipment is
capitalized only if it is probable that future economic benefits associated with
the item will flow to the Company and the cost of the item can be measured
reliably. Repairs and maintenance costs of items of property, plant and
equipment are recognized in the statement of profit and loss when incurred.

Depreciation has been provided on Written Dawn Value method on all assets
as per Useful lives prescribed under Schedule II of Companies Act 2013.
Depreciation on assets added during the year has been provided on pro-rata basis
from the date of addition. Depreciation on deductions during the year is
provided on pro-rata basis up to the date of sale. Individual assets whose cost
does not exceed 5,000 are depreciated at 100%.

6. Impairment of assets

The impairment provisions for Financial Assets are based on assumptions about risk of
default and expected cash loss rates. The Company uses judgement in making these
assumptions and selecting the inputs to the impairment calculation, based on Company''s
past history, existing market conditions as well as forward-looking estimates at the end of
each reporting period.

In case of non-financial assets, assessment of impairment indicators involves consideration
of future risks. Further, the company estimates asset''s recoverable amount, which is higher
of an asset''s or Cash Generating Units (CGU''s) fair value less costs of disposal and its value

in use.

In assessing value in use, the estimated future cash flows are discounted to their present
value using pre-tax discount rate that reflects current market assessments of the time value
of money and the risk specific to the asset. In determining fair value less costs of disposal,
recent market transactions are taken into account, if no such transactions can be identified,
an appropriate valuation model is used.

7. Inventories

Inventories are valued at the lower of cost or net realizable value after
providing for obsolescence, if any. Cost includes purchase price, duties,
transport, handing costs and other costs directly attributable to the
acquisition and bringing the inventories to their present location and
condition.

The cost of inventories is determined as follows: For raw materials, packing
materials, stores, spares, and consumables, the cost includes the purchase
price and expenses incurred to bring them to their current location and
condition. Finished goods and work-in-progress include direct materials,
labour, and manufacturing overheads based on normal operating capacity,
excluding borrowing costs. Stock-in-trade is valued at purchase cost and
related expenses to bring them to their present state. Net realizable value is
the estimated selling price in the ordinary course of business, minus the
estimated costs of completion and sale. For work-in-progress, this value is
based on the selling prices of the corresponding finished products.

8. Intangible Assets

Intangible assets including software licenses of enduring nature and acquired
contractual rights separately are stated at cost less accumulated amortization
and impairment losses, if any.

Cost comprises the purchase price and any attributable cost of bringing the
asset to its working condition for its intended use. Cost of internally generated
intangible assets comprises all directly attributable costs necessary to create,
produce, and prepare the asset to be capable of operating in the manner
intended by management.

Other Indirect Expenses incurred relating to project, net of income earned
during the project development stage prior to its intended use, are considered
as pre-operative expenses and disclosed under Intangible assets under
development .

9. Revenue recognition

Revenue from contracts with customers is recognised when control of the
goods or services are transferred to the customer at an amount that reflects
the consideration entitled in exchange for those goods or services. The
Company has generally concluded that it is the principal in its revenue
arrangement, because it typically controls the goods or services before
transferring them to the customer.

In case of discounts, rebates, credits, price incentives or similar terms,
consideration are determined based on its expected value, which is assessed at
each reporting period.

Generally, control is transfer upon shipment of goods to the customer or when
the goods is made available to the customer, provided transfer of title to the
customer occurs and the Company has not retained any significant risks of
ownership or future obligations with respect to the goods shipped.

In respect of revenue from rendering of services, the Company exercises
judgement for identification of performance obligations, and in determining
whether the performance obligation is satisfied at a point in time or over a
period of time.

10. Undisclosed Income

The company does not have any Undisclosed Income as on 31/03/2025.

11. Fair Value measurement , Hierarchy and disclosure

The Company measures financial instruments, such as, derivatives at fair value
at each Balance Sheet date.

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. The fair value measurement is based on the presumption
that the transaction to sell the asset or transfer the liability takes place either:

• In the principal market for the asset or liability, or

• In the absence of a principal market, in the most advantageous market
for the asset or liability.

The fair value of an asset or a liability is measured using the assumptions that
market participants would use when pricing the asset or liability, assuming that
market participants act in their economic best interest.

A fair value measurement of a non-financial asset takes into account a market
participant''s ability to generate economic benefits by using the asset in its
highest and best use or by selling it to another market participant that would
use the asset in its highest and best use.

The Company uses valuation techniques that are appropriate in the
circumstances and for which sufficient data are available to measure fair value,
maximizing the use of relevant observable inputs and minimizing the use of
unobservable inputs. All assets and liabilities for which fair value is measured
or disclosed in the standalone financial statements are categorized within the
fair value hierarchy, described as follows, based on the lowest level input that
is significant to the fair value measurement as a whole:

• Level 1 — Quoted (unadjusted) market prices in active markets for
identical assets or liabilities.

• Level 2 — Valuation techniques for which the lowest level input that is
significant to the fair value measurement is directly or indirectly
observable.

• Level 3 — Valuation techniques for which the lowest level input that is
significant to the fair value measurement is unobservable

For assets and liabilities that are recognized in the standalone financial
statements on a recurring basis, the Company determines whether transfers
have occurred between levels in the hierarchy by re-assessing categorization
(based on the lowest level input that is significant to the fair value
measurement as a whole) at the end of each reporting period.

For the purpose of fair value disclosures, the Company has determined classes
of assets and liabilities on the basis of the nature, characteristics and risks of
the asset or liability and the level of the fair value hierarchy as explained above.

12. Cash and cash equivalents

Cash and cash equivalents comprise of cash on hand, cash at banks, short-term
deposits and short-term highly liquid investments that are readily convertible to
known amounts of cash and which are subject to an insignificant risk of changes
in value.

13. Financial Liabilities

All Financial liabilities are measured at amortized cost using effective interest
method or fair value through profit and loss. However, financial liabilities that
arise when a transfer of a financial asset does not qualify for derecognition or
when the continuing involvement approach applies, financial guarantee
contracts issued by the Company, and commitments issued by the Company
to provide a loan at below-market interest rate are measured in accordance
with the specific accounting policies set out below.

Financial liabilities at FVTPL

Financial liabilities are classified as at FVTPL when the financial liability is
either contingent consideration recognised by the Company as an acquirer in
a business combination to which Ind AS 103 applies or is held for trading or it
is designated as at FVTPL.

A financial liability is classified as held for trading if:

• It has been incurred principally for the purpose of repurchasing it in
the near term; or

• on initial recognition it is part of a portfolio of identified financial
instruments that the Company manages together and has a recent
actual pattern of short-term profit-taking; or

• It is a derivative that is not designated and effective as a hedging
instrument

A financial liability other than a financial liability held for trading or contingent
consideration recognised by the Company as an acquirer in a business
combination to which Ind AS 103 applies, may be designated as at FVTPL upon
initial recognition if:

• Such designation eliminates or significantly reduces a measurement or
recognition inconsistency that would otherwise arise;

• The financial liability forms part of a Company of financial assets or
financial liabilities or both, which is managed and its performance is
evaluated on a fair value basis, in accordance with the Company''s
documented risk management or investment strategy, and
information about the Company is provided internally on that basis; or

• It forms part of a contract containing one or more embedded
derivatives, and Ind AS 109 permits the entire combined contract to be
designated as at FVTPL in accordance with Ind AS 109.

Financial liabilities at FVTPL are stated at fair value, with any gains or losses
arising on re-measurement recognised in Statement of Profit and Loss. The
net gain or loss recognized in Statement of Profit and Loss incorporates any
interest paid on the financial liability and is included in the ''Other income'' line
item. However, for non-held-for-trading financial liabilities that are
designated as at FVTPL, the amount of change in the fair value of the financial
liability that is attributable to changes in the credit risk of that liability is
recognized in other comprehensive income, unless the recognition of the
effects of changes in the liability''s credit risk in other comprehensive income
would create or enlarge an accounting mismatch in profit or loss, in which
case these effects of changes in credit risk are recognized in Statement of
Profit and Loss.

The remaining amount of change in the fair value of liability is always
recognized in Statement of Profit and Loss. Changes in fair value attributable
to a financial liability''s credit risk that are recognized in other comprehensive
income are reflected immediately in retained earnings and are not
subsequently reclassified to Statement of Profit and Loss. Gains or losses on
financial guarantee contracts and loan commitments issued by the Company
that are designated by the Company as at fair value through profit or loss are
recognized in Statement of Profit and Loss.

Financial liabilities subsequently measured at amortised cost

Plan sc^it

Financial liabilities that are not held-for-trading and are not designated as at
FVTPL are measured at amortised cost at the end of subsequent accounting
periods. The carrying amounts of financial liabilities that are subsequently
measured at amortised cost are determined based on the effective interest
method.

Interest expense that is not capitalised as part of costs of an asset is included
in the ''Finance costs'' line item. The effective interest method is a method of
calculating the amortised cost of a financial liability and of allocating interest
expense over the relevant period. The effective interest rate is the rate that
exactly discounts estimated future cash payments (including all fees paid or
received that form an integral part of the effective interest rate, transaction
costs and other premiums or discounts) through the expected life of the
financial liability, or (where appropriate) a shorter period, to the net carrying
amount on initial recognition.

Derecognition of financial liabilities

The Company derecognises financial liabilities when, and only when, the
Company''s obligations are discharged, cancelled or have expired. An
exchange with a lender of debt instruments with substantially different terms
is accounted for as an extinguishment of the original financial liability and the
recognition of a new financial liability. Similarly, a substantial modification of
the terms of an existing financial liability (whether or not attributable to the
financial difficulty of the debtor) is accounted for as an extinguishment of the

original financial liability and the recognition of a new financial liability. The
difference between the carrying amount of the financial liability derecognised
and the consideration paid and payable is recognised in Statement of Profit
and Loss.

14. Investments and other financial assets

(i) Classification

Financial assets, other than equity instruments, are subsequently
measured at amortised cost, fair value through other comprehensive
income (FVOCI) or fair value through profit or loss (FVTPL) on the basis
of both:

(a) The entity''s business model for managing the financial assets
and

(b) The contractual cash flow characteristics of the financial asset.

For assets measured at fair value, gains and losses will either be
recorded in profit or loss or other comprehensive income. For
investments in debt instruments, this will depend on the business
model in which the investment is held. For investments in equity
instruments, this will depend on whether the company has made an
irrevocable election at the time of initial recognition to account for the
equity investment at fair value through other comprehensive income.

The company reclassifies debt investments when and only when its
business model for managing those assets changes.

(ii) Measurement

At initial recognition, the company measures a financial asset at its fair
value plus, in the case of a financial asset not carried at fair value
through profit or loss, transaction costs that are directly attributable
to the acquisition of the financial asset. Transaction costs of financial
assets carried at fair value through profit or loss are expensed in profit
or loss.

Debt instruments

Subsequent measurement of debt instruments depends on the
company''s business model for managing the asset and the cash flow
characteristics of the asset. There are three measurement categories
into which the company classifies its debt instruments:

• Amortised cost:

Assets that are held for collection of contractual cash flows
where those cash flows represent solely payments of principal

and interest are measured at amortised cost. A gain or loss on
a debt investment that is subsequently measured at amortised
cost and is not part of a hedging relationship is recognised in
profit or loss when the asset is derecognised or impaired.
Interest income from these financial assets is included in
finance income using the effective interest rate method.

• Fair value through other comprehensive income (FVOCI):

Assets that are held for collection of contractual cash flows and
for selling the financial assets, where the assets'' cash flows
represent solely payments of principal and interest, are
measured at fair value through other comprehensive income
(FVOCI). Movements in the carrying amount are taken through
OCI, except for the recognition of impairment gains or losses,
interest revenue and foreign exchange gains and losses which
are recognised in profit and loss. When the financial asset is
derecognised, the cumulative gain or loss previously recognised
in OCI is reclassified from equity to profit or loss and recognised
in other gains/ (losses). Interest income from these financial
assets is included in other income using the effective interest
rate method.

• Fair value through profit or loss (FVTPL):

A*Fall ot

Assets that do not meet the criteria for amortised cost or FVOCI
are measured at fair value through profit or loss. A gain or loss
on a debt investment that is subsequently measured at fair
value through profit or loss and is not part of a hedging
relationship is recognised in profit or loss and presented net in
the statement of profit and loss within other gains/(losses) in
the period in which it arises. Interest income from these
financial assets is included in other income.

Equity instruments

The company subsequently measures all equity investments at fair
value. Where the company''s management has elected to present fair
value gains and losses on equity investments in other comprehensive
income, there is no subsequent reclassification of fair value gains and
losses to profit or loss. Dividends from such investments are
recognised in profit or loss as other income when the company''s right
to receive payments is established.

Changes in the fair value of financial assets at fair value through profit
or loss are recognised in the statement of profit and loss. Impairment
losses (and reversal of impairment losses) on equity investments
measured at FVOCI are not reported separately from other changes in
fair value.

(iii) Impairment of financial assets

At amortised cost and FVOCI debt instruments. The impairment
methodology applied depends on The company assesses on a forward
looking basis the expected credit losses associated with its assets
carried whether there has been a significant increase in credit risk.

For trade receivables only, the company applies the simplified
approach permitted by Ind AS 109 Financial Instruments, which
requires expected lifetime losses to be recognised from initial
recognition of the receivables.

15. Borrowing costs

Borrowing costs that are directly attributable to the acquisition, construction
or production of a qualifying asset as part of the cost of that asset are
capitalized . Other borrowing costs are recognized as an expense in the period
inwhich it is incurred.

16. Employee benefits

Employee benefits are recognized as an expense in the period in which the
employee renders the related service. These include short-term benefits
(such as salaries, wages, bonus, and compensated absences), post¬
employment benefits (such as provident fund and gratuity), and other long¬
term benefits.

Short-term benefits are measured at the undiscounted amount expected to
be paid. Post-employment and other long-term benefits are recognized based
on actuarial valuation, where applicable, in accordance with Ind AS 19.
Termination benefits are recognized when there is a present obligation to
make such payments.

17. Segment Reporting

According to Ind AS 108 primary segment is specified as business segment. The
primary segment reporting format is determined to be business segments as the
company''s risks and rates of return are affected predominantly by differences in
the products and services produced. The operating business are organized and
managed separately according to the nature of the products & services
provided, with each segment representing a strategic business unit that offers
different products & serves different markets.

a. Basic Earnings per Share

Basic earnings per share is calculated by dividing the net profit for the
period attributable to equity shareholders by the weighted average
number of equity shares outstanding during the financial year.
Earnings considered in ascertaining the company''s earnings per share
is the net profit for the period after deducting any attributable tax
thereto for the period. The weighted average number of equity shares
outstanding during the period and for all periods presented is adjusted
for events, such as bonus shares, other than the conversion of potential
equity shares that have changed the number of equity shares
outstanding, without a corresponding Change in resources

b. Diluted Earnings per Share

For the purpose of calculating diluted earnings per share, the net profit
or loss for the period attributable to equity shareholders and the
weighted average number of shares outstanding during the period is
adjusted for the effectsof all dilutive potential equity shares.

(i) Current tax:

Current tax is the amount of tax payable based on the taxable profit for
the year as determined in accordance with the applicable tax rates and
the provisions of the Income Tax Act, 1961 and the relevant rulings .

Current tax assets and current tax liabilities are presented on the net
basis in the balance sheet after off-setting current tax paid against
income tax provision only if the Company has a legally enforceable
right to set off the recognized amounts and it intends either to settle
on a net basis.

(ii) Deferred Tax:

Deferred tax is provided using the balance sheet approach on temporary
differences between the tax bases of assets and liabilities and their
carrying amounts for financial reporting purposes at the reporting date.
Deferred tax liabilities are recognized for all taxable timing / temporary
differences, except:

• When the deferred tax liability arises from the initial recognition
of goodwill or an asset or liability in a transaction that is not a
business combination and, at the time of the transaction, affects
neither the accounting profit nortaxable profit or loss.

• In respect of taxable temporary differences associated with
investments in subsidiaries, associates and interests in joint
ventures, when the timing of the reversal of the temporary
differences can be controlled and it is probable that the
temporary differences will not reverse in the foreseeable
future.

Deferred tax assets are recognized for all deductible temporary
differences, the carry forward of unused tax credits and any unused tax
losses. Deferred tax assets are recognized 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 utilized, except:

• When the deferred tax asset relating to the deductible temporary
differences arises from the initial recognition of an asset or
liability in a transaction that is not a business combination and,
at the time of the transaction, affects neither the accounting
profit nor taxable profit or loss

• In respect of deductible temporary differences associated with
investments in subsidiaries, associates and interests in joint
ventures, deferred tax assets are derecognized only to the
extent that it is probable that the temporary differences will
reverse in the foreseeable future and taxable profit will be
available against which the temporary differences can be
utilized.

The carrying amount of deferred 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 tax asset to be utilized. Recognized deferred tax assets are re¬
assessed at each reporting date and are recognized to the extent that
it has become probable that future taxable profits will allow the
deferred tax asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that
are expected to apply in the year when the asset is realized or the
liability is settled, based on tax rates (and tax laws) that have been
enacted or substantively enacted at the reporting date.

Current and deferred taxes are in the statement of profit and loss,
except to the extent that it relates to items in other comprehensive
income or directly in equity.

Plan i>c^vit

Deferred tax assets and deferred tax liabilities are offset if a legally
enforceable right exists to set off current tax assets against current tax
liabilities and the deferred taxes relate to the same taxable entity and
the same taxation authority.

---

Mar 31, 2024

SIGNIFICANT ACCOUNTING POLICIES:

1. Statement of compliance

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in India (Indian GAAP) to comply in all material aspects with the Accounting Standards specified under Section 133 of the Companies Act, 2013 (the ‘Act’), read with Rule 7 of the Companies (Accounts) Rules, 2014 (as amended).

2. Use of estimates and judgment

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, judgments and assumptions.

These estimates, judgments and assumptions affect the reported balances of assets and liabilities, disclosures relating to contingent liabilities as at the date of the financial statements and the reported amounts of revenues and expenses for the year. These estimates and underlying assumptions are reviewed on an ongoing basis.

Revisions to accounting estimates are recognized in the period in which the estimates are revised and future periods are affected. Although these estimates are based on the management’s best knowledge of current events and actions, uncertainty about these estimates, judgments and assumptions may result in the outcome that may require material adjustment in the carrying amounts of assets and liabilities in future period.

Estimations which may cause material adjustment to the carrying amounts of assets and liabilities within next financial year is in respect of useful lives of property, plant and equipment, valuation of deferred tax assets, provisions and contingent liabilities and fair value measurement of financial instruments have been discussed below.

3. Property, plant and equipment

Property, plant and equipment are stated at cost, less accumulated depreciation and impairment loss, if any. The cost comprises the purchase price and any attributable cost of bringing the asset to its working condition for its intended use. Any trade discounts and rebates are deducted in arriving at the purchase price. Advances paid towards the acquisition of property, plant and equipment outstanding at each Balance Sheet date is classified as capital advances under other non-current assets and the cost of assets not ready to use before such date are disclosed under ‘Capital work-in-progress’.

Subsequent expenditures related to property, plant and equipment is capitalized

only if it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably.Repairs and maintenance costs of items of property, plant and equipment are recognized in the statement of profit andloss when incurred.

Gains or losses arising from of fixed assets are measured as the difference between the net proceeds and carrying amount of the asset and are recognized in the statement of profit and loss when the asset is recognized.

4. Impairment of assets

The carrying amounts of assets are reviewed at each balance sheet dates and if there is any indication of impairment based on internal/external factors. An impairment loss is recognized wherever the carrying amount of an asset exceeds its recoverable amount. The recoverable amount is the greater of the asset’s net selling price and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value at the weighted average cost of capital. If at the balance sheet date, there is an indication that a previously assessed impairment loss no longer exists, then such loss is reversed and the asset is restated to extent of the carrying value of the asset that would have been determined (net of amortization / depreciation), had no impairment loss been recognized. After impairment, depreciation is provided on the revised carrying amount of the asset over its remaining useful life.

5. Inventories

Inventories are valued at the lower of cost or net realizable value. Cost includes purchase price, duties, transport, handing costs and other costs directly attributable to the acquisition and bringing the inventories to their present location and condition.

The basis of determination of cost is as follows:

• Stores and spares and consumables valued on cost

• Finished goods valued at lower of cost or net realizable value. Cost is determined on FIFO basis.

6. Intangible Assets

Intangible assets including software licenses of enduring nature and acquired contractual rights separately are measuredon initial recognition, at cost. Intangible assets are carried at cost less accumulated amortization and impairment losses, if any.

Cost comprises the purchase price and any attributable cost of bringing the asset to its working condition for its intended use. Cost of internally generated intangible assets comprises all directly attributable costs necessary to create, produce, and prepare the asset to be capable of operating in the manner intended by management.

Gains or losses arising from de-recognition of an intangible asset are measured as the difference between the net disposal proceeds and the carrying amount of the asset and are recognized in the statement of profit and loss when the asset is recognized.

Capitalized development cost is carried at cost less accumulated amortization and impairment losses, if any. Intangibles under development include cost of intangibles that are not ready to be put to use.

7. Depreciation and amortization

Depreciation has been provided on Written Dawn Value method on all assets as per Useful lives prescribed under Schedule II of Companies Act 2013. Depreciation on assets added during the year has been provided on pro-rata basis from the date of addition. Depreciation on deductions during the year is provided on pro-rata basis up to the date of sale. Individual assets whose cost does not exceed 5,000 are depreciated at 100%.

8. Revenue recognition

Revenue is Recognized Limited to the extent that it is probable that the economic benefits will flow to the Company andthe revenue can be reliably measured and it is reasonable to expect ultimate collection.

Sale of Goods

Revenue from contracts with customers is recognized when control of the goods or services are transferred to the customer at an amount that reflects the consideration entitled in exchange for those goods or services. The Company is generally the principal as it typically controls the goods or services before transferring them to the customer. Generally, control is transferred upon shipment of goods to the customer or when the goods is made available to the customer, provided transfer of title to the customer occurs and the Company has not retained any significant risks of ownership or future obligations with respect to the goods shipped

Revenue from Investment

Dividend income is accounted for in the year in dividend is declared and right to receive is established as per Accounting India Standard 9 on "Revenue Recognition" issued by the Institute of Chartered Accountants of (ICAI).

Interest

Revenue is recognized on a time proportion basis taking into account the amount outstanding and the rate applicable.

9. Undisclosed Income

The company does not have any Undisclosed Income as on 31/03/2024.

10. Fair Value measurement

The Company measures financial instruments, such as, derivatives at fair value at each Balance Sheet date.

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. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either:

• In the principal market for the asset or liability, or

• In the absence of a principal market, in the most advantageous market for the asset or liability.

The principal or the most advantageous market must be accessible by the Company.

The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest.

A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use.

The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the standalone financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:

• Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or liabilities.

• Level 2 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable.

• Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable

For assets and liabilities that are recognized in the standalone financial statements on a recurring basis, the Company determines whether transfers have occurred

between levels in the hierarchy by re-assessing categorization (based on the lowest level input that is significant to the fair value measurement as a whole) at the end of each reporting period.

For the purpose of fair value disclosures, the Company has determined classes of assets and liabilities on the basis of the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy as explained above.

11. Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks and on hand and short-term deposits with anoriginal maturity of three months or less, which are subject to an insignificant risk of changes in value.

For the purpose of the statement of cash flows, cash and cash equivalents consists of cash and short-term deposits, as defined above, net of outstanding bank overdrafts and cash credit facilities as they are considered an integral part ofthe Company’s cash management.

12. Investments

Investment that are readily realizable and intended to be held for not more than one year are classified as current investments. All other investments are classified as long-term investments. The investments have been valued at fair value in compliance with the Indian Accounting Standards.

13. Employee benefits

Short-term Employee Benefits

All employee benefits payable within twelve months of rendering the service are classified as short-term benefits. Such benefits include salaries, wages, bonus, short term compensated absences, awards, ex-gratia, performance pay etc. in the period in which the employee renders the related service. A liability is recognized for the amount expected to be paid when there is a present obligation to pay this amount as a result of past service provided by the employee and the obligation can be estimated reliably.

14. Financial Liabilities

All Financial liabilities are measured at amortized cost using effective interest method or fair value through profit and loss. However, financial liabilities that arise when a transfer of a financial asset does not qualify for derecognition or when the continuing involvement approach applies, financial guarantee contracts issued by the Company, and commitments issued by the Company to provide a loan at below-market interest rate are measured in accordance with the specific accounting policies set out below.

Financial liabilities at FVTPL

Financial liabilities are classified as at FVTPL when the financial liability is either contingent consideration recognised by the Company as an acquirer in a business combination to which Ind AS 103 applies or is held for trading or it is designated as at FVTPL.

A financial liability is classified as held for trading if:

• It has been incurred principally for the purpose of repurchasing it in the near term; or

• on initial recognition it is part of a portfolio of identified financial instruments that the Company manages together and has a recent actual pattern of short-term profit-taking; or

• It is a derivative that is not designated and effective as a hedging instrument

A financial liability other than a financial liability held for trading or contingent consideration recognised by the Company as an acquirer in a business combination to which Ind AS 103 applies, may be designated as at FVTPL upon initial recognition if:

• Such designation eliminates or significantly reduces a measurement or recognition inconsistency that would otherwise arise;

• The financial liability forms part of a Company of financial assets or financial liabilities or both, which is managed and its performance is evaluated on a fair value basis, in accordance with the Company’s documented risk management or investment strategy, and information about the Company is provided internally on that basis; or

• It forms part of a contract containing one or more embedded derivatives, and Ind AS 109 permits the entire combined contract to be designated as at FVTPL in accordance with Ind AS 109.

Financial liabilities at FVTPL are stated at fair value, with any gains or losses arising on re-measurement recognised in Statement of Profit and Loss. The net gain or loss recognized in Statement of Profit and Loss incorporates any interest paid on the financial liability and is included in the ‘Other income’ line item. However, for non-held-for-trading financial liabilities that are designated as at FVTPL, the amount of change in the fair value of the financial liability that is attributable to changes in the credit risk of that liability is recognised in other comprehensive income, unless the recognition of the effects of changes in the liability’s credit risk in other comprehensive income would create or enlarge an accounting mismatch in profit or loss, in which case these effects of changes in

credit risk are recognised in Statement of Profit and Loss.

The remaining amount of change in the fair value of liability is always recognised in Statement of Profit and Loss. Changes in fair value attributable to a financial liability’s credit risk that are recognised in other comprehensive income are reflected immediately in retained earnings and are not subsequently reclassified to Statement of Profit and Loss. Gains or losses on financial guarantee contracts and loan commitments issued by the Company that are designated by the Company as at fair value through profit or loss are recognised in Statement of Profit and Loss.

Financial liabilities subsequently measured at amortised cost

Financial liabilities that are not held-for-trading and are not designated as at FVTPL are measured at amortised cost at the end of subsequent accounting periods. The carrying amounts of financial liabilities that are subsequently measured at amortised cost are determined based on the effective interest method.

Interest expense that is not capitalised as part of costs of an asset is included in the ‘Finance costs’ line item. The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments (including all fees paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the expected life of the financial liability, or (where appropriate) a shorter period, to the net carrying amount on initial recognition.

Derecognition of financial liabilities

The Company derecognises financial liabilities when, and only when, the Company’s obligations are discharged, cancelled or have expired. An exchange with a lender of debt instruments with substantially different terms is accounted for as an extinguishment of the original financial liability and the recognition of a new financial liability. Similarly, a substantial modification of the terms of an existing financial liability (whether or not attributable to the financial difficulty of the debtor) is accounted for as an extinguishment of the original financial liability and the recognition of a new financial liability. The difference between the carrying amount of the financial liability derecognised and the consideration paid and payable is recognised in Statement of Profit and Loss.

15. Investments and other financial assets

(i) Classification

Financial assets, other than equity instruments, are subsequently measured at amortised cost, fair value through other comprehensive income (FVOCI) or fair

value through profit or loss (FVTPL) on the basis of both:

(a) the entity’s business model for managing the financial assets and

(b) the contractual cash flow characteristics of the financial asset.

For assets measured at fair value, gains and losses will either be recorded in profit or loss or other comprehensive income. For investments in debt instruments, this will depend on the business model in which the investment is held. For investments in equity instruments, this will depend on whether the company has made an irrevocable election at the time of initial recognition to account for the equity investment at fair value through other comprehensive income.

The company reclassifies debt investments when and only when its business model for managing those assets changes.

(ii) Measurement

At initial recognition, the company measures a financial asset at its fair value plus, in the case of a financial asset not carried at fair value through profit or loss, transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at fair value through profit or loss are expensed in profit or loss.

Debt instruments

Subsequent measurement of debt instruments depends on the company’s business model for managing the asset and the cash flow characteristics of the asset. There are three measurement categories into which the company classifies its debt instruments:

• Amortised cost:

Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortised cost. A gain or loss on a debt investment that is subsequently measured at amortised cost and is not part of a hedging relationship is recognised in profit or loss when the asset is derecognised or impaired. Interest income from these financial assets is included in finance income using the effective interest rate method.

• Fair value through other comprehensive income (FVOCI):

Assets that are held for collection of contractual cash flows and for selling the financial assets, where the assets’ cash flows represent solely payments of principal and interest, are measured at fair value through other comprehensive income (FVOCI). Movements in the carrying amount are taken through OCI, except for the recognition of impairment gains or losses, interest revenue and foreign exchange gains and losses which are recognised in profit and loss. When the financial asset is derecognised, the cumulative gain or loss previously recognised in OCI is reclassified from equity to profit or loss and recognised in other gains/ (losses). Interest income from these financial assets is included in other income using the effective interest rate method.

• Fair value through profit or loss (FVTPL):

Assets that do not meet the criteria for amortised cost or FVOCI are measured at fair value through profit or loss. A gain or loss on a debt investment that is subsequently measured at fair value through profit or loss and is not part of a hedging relationship is recognised in profit or loss and presented net in the statement of profit and loss within other gains/(losses) in the period in which it arises. Interest income from these financial assets is included in other income.

Equity instruments

The company subsequently measures all equity investments at fair value. Where the company’s management has elected to present fair value gains and losses on equity investments in other comprehensive income, there is no subsequent reclassification of fair value gains and losses to profit or loss. Dividends from such investments are recognised in profit or loss as other income when the company’s right to receive payments is established.

Changes in the fair value of financial assets at fair value through profit or loss are recognised in the statement of profit and loss. Impairment losses (and reversal of impairment losses) on equity investments measured at FVOCI are not reported separately from other changes in fair value.

(iii) Impairment of financial assets

At amortised cost and FVOCI debt instruments. The impairment methodology applied depends on The company assesses on a forward looking basis the expected credit losses associated with its assets carried whether there has been a significant increase in credit risk.

For trade receivables only, the company applies the simplified approach permitted by Ind AS 109 Financial Instruments, which requires expected lifetime losses to be recognised from initial recognition of the receivables.

16. Borrowing costs

Borrowing costs are capitalized that are directly attributable to the acquisition, construction or production of a qualifying asset as part of the cost of that asset. Other borrowing costs are recognized as an expense in the period inwhich it is incurred.

17. Segment Reporting

According to Ind AS 108 primary segment is specified as business segment. The primary segment reporting format is determined to be business segments as the company’s risks and rates of return are affected predominantly by differencesin the products and services produced. The operating business are organized and managed separately according tothe nature of the products & services provided, with each segment representing a strategic business unit that offers different products & serves different markets.

18. Earnings per share

a. Basic Earnings per Share

Basic earnings per share is calculated by dividing the net profit for the period attributable to equity shareholdersby the weighted average number of equity shares outstanding during the financial year. Earnings considered in ascertaining the company’s earnings per share is the net profit for the period after deducting any attributable tax thereto for the period. The weighted average number of equity shares outstanding during the period and for all periods presented is adjusted for events, such as bonus shares, other than the conversion of potential equity shares that have changed the number of equity shares outstanding, without a corresponding Change in resources.

Diluted Earnings per Share

For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average number of shares outstanding during the period is adjusted for the effectsof all dilutive potential equity shares.

19. Income Taxes (i) Current tax:

Current tax is the amount of tax payable based on the taxable profit for the year

as determined in accordance with the applicable tax rates and the provisions of the Income Tax Act, 1961.

Current tax assets and current tax liabilities are presented on the net basis in the balance sheet after off-setting current tax paid against income tax provision only if the Company has a legally enforceable right to set off the recognized amounts and it intends either to settle on a net basis.

Minimum Alternative Tax (MAT) credit is recognized as an asset only when and to the extent there is convincing evidence that the company will pay normal income tax during the specified period. In the year in which MAT credit becomes eligible to be recognized as an asset in accordance with the recommendations contained in guidance note issued by the Institute of Chartered Accounts of India, the said asset is created by way of a credit to the statement of Profit and Loss and shown as MAT credit entitlement. The Company reviews the same at each balance sheet date and written down the carrying amount of MAT credit entitlement to the extent there is no longer convincing evidence to the effect that the Company will pay normal income tax during the specified period.

(ii) Deferred Tax:

Deferred tax is provided using the balance sheet approach on temporary differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes at the reporting date.

Deferred tax liabilities are recognized for all taxable timing / temporary differences, except:

• When the deferred tax liability arises from the initial recognition of goodwill or an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nortaxable profit or loss

• In respect o taxable temporary differences associated with investments in subsidiaries, associates and interests in joint ventures, when the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future.

Deferred tax assets are recognized for all deductible temporary differences, the carry forward of unused tax credits and any unused tax losses. Deferred tax assets are recognized to the extent that it is probable that taxable profitwill be available against which the deductible temporary differences, and the carry forward of unused tax creditsand unused tax losses can be utilized,

except:

• When the deferred tax asset relating to the deductible temporary differences arises from the initial recognitionof an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit nor taxable profit or loss

• In respect of deductible temporary differences associated with investments in subsidiaries, associates and interests in joint ventures, deferred tax assets are derecognized only to the extent that it is probable that thetemporary differences will reverse in the foreseeable future and taxable profit will be available against whichthe temporary differences can be utilized.

The carrying amount of deferred 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 tax asset to be utilized. Recognized deferred tax assets are re-assessed at each reporting date and are recognized to the extent that it has become probable that future taxable profits will allow the deferred tax asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when theasset is realized or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting date.

Current and deferred taxes are in the statement of profit and loss, except to the extent that it relates to items in other comprehensive income or directly in equity.

Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists to set off current tax assets against current tax liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority.

---

Mar 31, 2014

A) BASIS OF ACCOUNTING :

The Financial statements are prepared on the historical cost convention on the going concern basis and in accordance with generally accepted accounting principles.

b) FIXED ASSETS:

Fixed Assets are stated at cost less accumulated depreciation. Cost includes the acquisition cost and any cost attributable to bringing the assets to working condition for its intended use.

c) DEPRECIATION:

Depreciation on fixed Assets is provided at the rates and in the manner prescribed in Schedule XIV to the Companies Act, 1956 on straight -line method.

d) INVENTORIES:

The Stock of Shares is valued at cost or market value whichever is lower

e) RETIREMENT BENEFITS:

The company has been advised that the provisions relating to Retirement Benefits, as stated in Accounting Standard 15, are not applicable to the company.

f) REVENUE RECOGNITION

i) In case of share trading, only net results are shown in the books.

ii) In Futures & Options, only the net results are shown i.e. profit or loss is shown.

---

Mar 31, 2013

A) BASIS OF ACCOUNTING :

The Financial statements are prepared on the historical cost convention on the going concern basis and in accordance with generally accepted accounting principles.

b) FIXED ASSETS:

Fixed Assets are stated at cost less accumulated depreciation. Cost includes the acquisition cost and any cost attributable to bringing the assets to working condition for its intended use.

c) DEPRECIATION:

Depreciation on fixed Assets is provided at the rates and in the manner prescribed in Schedule XIV to the Companies Act, 1956 on straight -line method.

d) INVENTORIES :

The Stock of Shares is valued at cost or market value whichever is lower

e) RETIREMENT BENEFITS:

The company has been advised that the provisions relating to Retirement Benefits, as stated in Accounting Standard 15, are not applicable to the company.

f) REVENUE RECOGNITION

i) In case of share trading, only net results are shown in the books.

ii) In Futures & Options, only the net results are shown i.e. profit or loss is shown.

---

Mar 31, 2012

A) BASIS OF ACCOUNTING :

The Financial statements are prepared on the historical cost convention on the going concern basis and in accordance with generally accepted accounting principles.

b) FIXED ASSETS :

Fixed Assets are stated at cost less accumulated depreciation. Cost includes the acquisition cost and any cost attributable to bringing the assets to working condition for its intended use.

c) DEPRECIATION:

Depreciation on fixed Assets is provided at the rates and in the manner prescribed in Schedule XIV to the Companies Act, 1956 on straight -line method.

d) INVENTORIES:

The Stock of Shares is valued at cost or market value whichever is lower

e) RETIREMENT BENEFITS :

The company has been advised that the provisions relating to Retirement Benefits, as stated in Accounting Standard 15, are not applicable to the company.

f) REVENUE RECOGNITION

i) In case of share trading, only net results are shown in the books.

ii) In Futures & Options, only the net results are shown i.e. profit or loss is shown.