Accounting Policies of Biogen Pharmachem Industries Ltd. Company

Mar 31, 2025

Note: 13 Significant Accounting Policies:

a) General:

i) Accounting policies not specifically referred to otherwise are in consistence with earlier
year and in consonance with generally accepted accounting principles.

ii) Expenses and income considered payable and receivable respectively are accounted for
on accrual basis.

b) Valuation of Inventories: There are no Inventories in the company.

c) Fixed assets and depreciation: There are no Fixed Assets in the company.

d) Investments: Investment made by the company are valued at cost.

e) Foreign currency Transactions: There is no foreign currency transaction.

f) Retirement Benefits: Provident fund and employees state insurance scheme contribution
is not applicable to the company.

g) Taxes on Income:

Current Tax: Provision for Income-Tax is determined in accordance with the provisions of
Income-tax Act 1961.

Deferred Tax Provision: Deferred tax is recognized, on timing difference, being the
difference between the taxable incomes and accounting income that originate in one period
and are capable of reversal in one or more subsequent periods.

Note: 14 Balances of Sundry Debtors, Creditors, Loans and Advances are subject to
confirmation and reconciliation.

Note: 15 In the opinion of the Board of directors, the current assets, Loans & advances
are approximately of the value stated if realized in the ordinary course of
business. The provision of all known liabilities is adequate and not in excess of
the amount reasonably necessary.

Note: 16 No Remuneration paid to the directors during the year.

Note: 17 No related party transaction were carried out during the year.

Note: 18 there is no reportable segment as per the contention of the management.

Note: 19 Basic and Diluted Earnings per share (EPS) computed in accordance with

Accounting Standard (AS) 20 "Earning per Share"

Note: 21 previous year figures have been regrouped and recasted wherever necessary.
Note: 22 Other Notes

Additional Regulatory Information pursuant to Clause 6L of General Instructions for
preparation of Balance Sheet as given in Part I of Division II of Schedule III to the Companies
Act, 2013, are given hereunder to the extent relevant and other than those given elsewhere in
any other notes to the Financial Statements.

a. During the year ended March 31, 2025 and March 31, 2024, the Company has not advanced
or loaned or invested funds (either borrowed funds or share premium or kind of funds) to any
other person(s) or entity(ies), including foreign entities (Intermediaries) with the
understanding (whether recorded in writing or otherwise) that the Intermediary shall:

i) directly or indirectly lend or invest in other persons or entities identified in any
manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or

ii) provide any guarantee, security or the like to or on behalf of the ultimate
beneficiaries.

Further, during the year ended March 31, 2025 and March 31, 2024, the Company has
not received any fund from any person(s) or entity(ies), including foreign entities
(Funding Party) with the understanding (whether recorded in writing or otherwise) that
the Company shall: i) directly or indirectly lend or invest in other persons or entities
identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate

Beneficiaries) or ii) provide any guarantee, security, or the like on behalf of the
ultimate beneficiaries.

b. The Company has not invested or traded in Crypto Currency or Virtual Currency during the
year ended March 31, 2025 (Previous: NIL)

c. No proceedings have been initiated on or are pending against the Company for holding
benami property under the Prohibition of Benami Property Transactions Act, 1988 (as
amended in 2016) (formerly the Benami Transactions (Prohibition) Act, 1988 (45 of 1988))
and Rules made thereunder during the year ended March 31, 2025 (Previous year: Nil).

d. The Company has not been declared Wilful Defaulter by any bank or financial institution or
government or any government authority during the year ended March 31, 2025 (Previous
year: Nil).

e. The Company has not surrendered or disclosed as income any transactions not recorded in
the books of accounts in the course of tax assessments under the Income Tax Act, 1961 (such
as, search or survey or any other relevant provisions of the Income Tax Act, 1961) during the
year ended March 31, 2025 (Previous year: Nil).

f. The Company does not have any transactions with the companies struck off under section
248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956 during the year
ended March 31, 2025 (Previous year: Nil).

g. The Company has complied with the number of layers prescribed under clause (87) of
section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017.

Signature to Notes ''1'' to ''22''

As per our report on even date

FOR & ON BEHALF OF THE

FOR, RISHI SEKHRI & ASSOCIATES BOARD

CHARTERED ACCOUNTANTS
FIRM NO: 128216W

CA RISHI SEKHRI KELASH BUNKAR CHANDRAKANT PARMAR

PARTNER Director Director

M. No. 126656 DIN:10911360 DIN:09406801

UDIN:24126656BKAKYN2238

PLACE: MUMBAI
DATE : 23.05.2025

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Mar 31, 2024

Note: 12 Significant Accounting Policies:

a) General:

i) Accounting policies not specifically referred to otherwise are in consistence with earlier year and in consonance with generally accepted accounting principles.

ii) Expenses and income considered payable and receivable respectively are accounted for on accrual basis.

b) Valuation of Inventories: There are no Inventories in the company.

c) Fixed assets and depreciation: There are no Fixed Assets in the company.

d) Investments: Investment made by the company are valued at cost.

e) Foreign currency Transactions: There is no foreign currency transaction.

f) Retirement Benefits: Provident fund and employees state insurance scheme contribution is not applicable to the company.

g) Taxes on Income:

Current Tax: Provision for Income-Tax is determined in accordance with the provisions of Income-tax Act 1961.

Deferred Tax Provision: Deferred tax is recognized, on timing difference, being the difference between the taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

Note: 13 Balances of Sundry Debtors, Creditors, Loans and Advances are subject to confirmation and

reconciliation.

Note: 14 In the opinion of the Board of directors, the current assets, Loans & advances are

approximately of the value stated if realized in the ordinary course of business. The provision of all known liabilities is adequate and not in excess of the amount reasonably necessary.

Note: 15 No Remuneration paid to the directors during the year.

Note: 16 No related party transaction were carried out during the year.

Note: 17 there is no reportable segment as per the contention of the management.

Note: 18 Basic and Diluted Earnings per share (EPS) computed in accordance with Accounting

Standard (AS) 20 "Earning per Share"

Particulars	31.03.2024 Rs in Lakhs	31.03.2023 Rs in Lakhs
Numerator Profit / (Loss) after Tax	193.07	45.55
Denominator Weighted average number of Nos. Equity shares	6526.03	6526.03
EPS Basic Numerator/Denominator	0.03	0.01
EPS Diluted Numerator/Denominator	0.03	0.01

Note: 19
	Payment to Auditor''s	2023-24 Rs. In Lakhs	2022-23 Rs. In Lakhs
	For Audit	0.20	0.20
	For Company Matters	00	00

Note: 20 previous year figures have been regrouped and recasted wherever necessary.

Note: 21 Other Notes

Additional Regulatory Information pursuant to Clause 6L of General Instructions for preparation of Balance Sheet as given in Part I of Division II of Schedule III to the Companies Act, 2013, are given hereunder to the extent relevant and other than those given elsewhere in any other notes to the Financial Statements.

a. During the year ended March 31, 2024 and March 31, 2023, the Company has not advanced or loaned or invested funds (either borrowed funds or share premium or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall:

i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or

ii) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

Further, during the year ended March 31, 2024 and March 31, 2023, the Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall: i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or ii) provide any guarantee, security, or the like on behalf of the ultimate beneficiaries.

b. The Company has not invested or traded in Crypto Currency or Virtual Currency during the year ended March 31, 2024 (Previous: NIL)

c. No proceedings have been initiated on or are pending against the Company for holding benami property under the Prohibition of Benami Property Transactions Act, 1988 (as amended in 2016) (formerly the Benami Transactions (Prohibition) Act, 1988 (45 of 1988)) and Rules made thereunder during the year ended March 31, 2024(Previous year: Nil).

d. The Company has not been declared Wilful Defaulter by any bank or financial institution or government or any government authority during the year ended March 31, 2024 (Previous year: Nil).

e. The Company has not surrendered or disclosed as income any transactions not recorded in the books of accounts in the course of tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961) during the year ended March 31, 2024 (Previous year: Nil).

f. The Company does not have any transactions with the companies struck off under section 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956 during the year ended March 31, 2024 (Previous year: Nil).

g. The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017.

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Mar 31, 2016

a) General:

i) Accounting policies not specifically referred to otherwise are in consistence with earlier year and in consonance with generally accepted accounting principles.

ii) Expenses and income considered payable and receivable respectively are accounted for on accrual basis.

b) Sales: Sales are accounted on mercantile basis, when the sale of goods is completed.

c) Fixed assets and depreciation: Fixed assets are capitalized at cost inclusive of interest, freight, duties, taxes and all incidental expenses related thereto.

d) Investments: Investments are valued at cost. Provision for diminution is made only if the decline is other than temporary in the opinion of the management

e) Foreign currency Transactions: There is no foreign currency transaction.

f) Retirement Benefits: Provident fund and employees state insurance scheme contribution is not applicable to the company.

g) Taxes on Income:

Current Tax: Provision for Income-Tax is determined in accordance with the provisions of Income-tax Act 1961.

Deferred Tax Provision: Deferred tax is recognized, on timing difference, being the difference between the taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

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Mar 31, 2015

A) General:

i) Accounting policies not specifically referred to otherwise are in consistence with earlier year and in consonance with generally accepted accounting principles.

ii) Expenses and income considered payable and receivable respectively are accounted for on accrual basis.

b) Sales: Sales are accounted on mercantile basis, when the sale of goods is completed.

c) Fixed assets and depreciation:

a. Fixed assets are capitalized at cost inclusive of interest, freight, duties, taxes and all incidental expenses related thereto.

b. Depreciation on assets has been provided on Written Down Value Method at the rates prescribed by schedule XIV to the Companies Act 1956 depreciation in respect of additions to / and deletion from assets has been charged on pro-rata basis to the month of addition or deletion.

d) Investments: Investments are valued at cost. Provision for diminution is made only if the decline is other than temporary in the opinion of the management

e) Foreign currency Transactions: There is no foreign currency transaction.

f) Retirement Benefits: Provident fund and employees state insurance scheme contribution is not applicable to the company.

g) Taxes on Income:

Current Tax: Provision for Income-Tax is determined in accordance with the provisions of Income-tax Act 1961.

Deferred Tax Provision: Deferred tax is recognized, on timing difference, being the difference between the taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

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Mar 31, 2014

A) General:

i) Accounting policies not specifically referred to otherwise are in consistence with earlier year and in consonance with generally accepted accounting principles.

ii) Expenses and income considered payable and receivable respectively are accounted for on accrual basis.

b) Sales: Sales are accounted on mercantile basis, when the sale of goods is completed.

c) Valuation of Inventories: Inventories are valued at cost or market price whichever is lower.

d) Fixed assets and depreciation:

a. Fixed assets are capitalized at cost inclusive of interest, freight, duties, taxes and all incidental expenses related thereto.

b. Depreciation on assets has been provided on Written Down Value Method at the rates prescribed by schedule XIV to the Companies Act 1956 depreciation in respect of additions to / and deletion from assets has been charged on pro-rata basis to the month of addition or deletion.

e) Investments: Investments are valued at cost. Provision for diminution is made only if the decline is other than temporary in the opinion of the management

f) Foreign currency Transactions: There is no foreign currency transaction.

g) Retirement Benefits: Provident fund and employees state insurance scheme contribution is not applicable to the company.

h) Taxes on Income:

Current Tax: Provision for Income-Tax is determined in accordance with the provisions of Income- tax Act 1961.

Deferred Tax Provision: Deferred tax is recognized, on timing difference, being the difference between the taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

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Mar 31, 2010

A) General:

i) Accounting policies not specifically referred to otherwise are in consistence with earlier year and in consonance with generally accepted accounting principles.

ii) Expenses and income considered payable and receivable respectively are accounted for on accrual basis.

b) Sales:

Sales are accounted on mercantile basis, when the sale of goods is completed.

c) Valuation of Inventories:

Inventories are valued at cost or market price whichever is lower.

d) Fixed assets and depreciation:

a. Fixed assets are capitalized at cost inclusive of interest, freight, duties, taxes and all incidental expenses related thereto.

b. Depreciation on assets has been provided on Written Down Value Method at the rates prescribed by schedule XIV to the Companies Act 1956 depreciation in respect of additions to / and deletion from assets has been charged on pro-rata basis to the month of addition or deletion.

e) Investments:

Investments are valued at cost. Provision for diminution is made only if the decline is other than temporary in the opinion of the management

f) Foreign currency Transactions:

There is no foreign currency transaction.

g) Retirement Benefits:

Provident fund and employees state insurance scheme contribution is not applicable to the company.

h) Taxes on Income:

Current Tax : Provision for Income-Tax is determined in accordance with the provisions of Income-tax Act 1961.

Deferred Tax Provision: Deferred tax is recognized, on timing difference, being the difference between the taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

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Mar 31, 2009

The accounts are prepared on an accrual basis and under the historical cost conventions, and are in line with the relevant laws as well as the guidelines prescribed by the department of Company affairs and the Institute of Chartered Accountants of India.

(A) SYSTEM OF ACCOUNTING

The company has adopted the accrual basis of accounting in the preparation of the books of account.

(B) REVENUE RECOGNITION

(i) Sales

In respect of the business of trading and investing in shares & securities records of shares trading are maintained but profit & loss on such trading and sale of investment is recognized in books of accounts on realization of such profit/loss.

(ii) Other operation

Dividend income is accounted for on receipt basis. Interest accounted for on accrual basis.

(C) FIXED ASSETS AND DEPRECIATION

Fixed assets are stated at cost less depreciation.

Depreciation on fixed assets is provided on Straight Line Method as per rates specified in schedule XIV to the Companies Act 1956.

(D) INVENTORIES

Stock-in-Trade of commodity is valued at lower of cost or market price.

The Company accounts for the shares and securities remaining unsold at the end of the year as stock-in-trade and the same is valued at cost or market price whichever is lower.

(E) INVESTMENT

Long term Investments are valued At cost. Provision for diminution is made to recognize the decline, other th3n.!§£ife|>rary.

(F) PRELIMINARY EXPENSES

These have been amortized in accordance with the section 35D of the Income - Tax Act 1961.

(G) CONTINGENT LIABILITY

Contingent Liabilities are determined on the basis of available information.

(H) INCOME TAXES

(i) Current tax is measured at the amount expected to be paid to the taxation authorities, using the applicable tax rates and tax laws.

(ii) Deferred tax assets and liabilities are measured using the tax rates and tax laws that have been announced up to the Balance Sheet date. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to timing differences between the taxable income and accounting income. The effect of tax rate changes is considered in the Profit & Loss Account of the respective year of change.