Accounting Policies of Containe Technologies Ltd. Company

Mar 31, 2025

2. Significant Accounting Policies

a. Property, Plant and Equipment

i. Recognition and Measurement

Items of property, plant and equipment are measured at cost less accumulated depreciation
and accumulated impairment losses, any.

Cost of an item or property, plant and equipment comprises its purchase price, import
duties and non-refundable purchases taxes, after deducting trade discounts and rebates,
any directly attributable cost of bringing the item to its working condition for its intended
use and estimated costs of dismantling and removing the item and restoring the site on
which it is located

The cost of a self-constructed item of property, plant and equipment comprises the cost of
materials and direct labour, any other costs directly attributable to bringing the item to its
working condition for its intended use, and estimated costs of dismantling and removing
the item and restoring the on which it is located.

If significant parts of an item of property, plant and equipment have different useful lives,
then they are accounted for as separate items (major components) of property, plant and
equipment.

Cost of assets not ready for intended use, as on the balance sheet date, is shown as
capital work-in-progress.

ii. Subsequent Expenditure

Subsequent expenditure related to an item of tangible fixed asset is capitalized only if it
Increases the future benefits from the existing assets beyond its previously assessed
standards of performance.

iii. Depreciation

Depreciation is calculated on cost of items of property, plant and equipment less their
estimated residual values over their estimated useful lives using the straight-line method.

Depreciation is provided based on useful life of the assets as prescribed in Schedule II of
companies Act, 2013.

Depreciation Method, Useful lives and residual values are reviewed at each financial year-
end and adjusted if appropriate.

Depreciation on additions (disposals) is provided on pro-rata basis i.e., from (upto) the date
on which asset is ready to use (disposed off).

iv. Capital Work in Progress

Projects under which assets are not ready for their intended use and other capital work-in¬
progress are carried at cost, comprising direct cost, related incidental expenses and
attributable interest.

b. Foreign Currency

The functional currency of the company is in Indian rupee. Transactions in foreign currency
are translated at the exchange rates prevailing on the date of the transactions. Monetary
assets and liabilities denominated in foreign currency are restated at the prevailing year end

rates. The resultant gain/loss upon such restatement along with the gain/ loss on account of
foreign currency transactions are accounted in the statement of profit and loss.

c. Intangible Assets

Internally generated: Research and development

Expenditure on research activities is recognized in statement of profit and loss as incurred.

Development expenditure is capitalized as part of the cost of the resulting intangible asset
only if the expenditure can be measured reliably, the product or process is technically and
commercially feasible, future economic benefits are probable, and the company intends to
and has sufficient resources to complete development and to use or sell the asset. Otherwise,
it is recognized in statement of profit and loss as incurred. Subsequent to initial recognition,
the asset is measured at cost less accumulated amortization and any accumulated impairment
losses.

Others

Other Intangible assets are initially measured at cost. Subsequently, such intangible assets
are measured at cost less accumulated amortization and any accumulated impairment losses.

i. Subsequent Expenditure

Subsequent expenditure is capitalized only when it increases the future economic benefits
embodied in the specific asset to which it relates.

ii. Amortization

Other intangible assets are amortized on a straight line basis over the estimated useful
life as follows:

Computer software 3-10 years

Technical knowhow 10 years

Product related intangibles 10 years

Others 10 years

Amortization method, useful lives and residual values are reviewed at the end of each
financial year and adjusted if appropriate.

d. Impairment

Property, Plant and Equipment

Property, plant and equipment and intangible assets with finite life are evaluated for recoverability
whenever there is any indication that their carrying amounts may not be recoverable, if any
such indication that their carrying amounts may not be recoverable. If any such indication
exists, the recoverable amount (i.e, higher of the fair value less cost to sell and the value in
use) is determined on an individual asset basis unless the asset does not generate cash flows
that are largely independent of those from other assets. In such cases, the recoverable amount
is determined for the Cash Generating unit (CGU) to which the asset belongs.

If the recoverable amount of an asset (or CGU) is estimated to be less than its carrying
amount, the carrying amount of the asset (or CGU) is reduced to its recoverable amount. An
impairment loss is recognized in the statement of profit and loss.

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Mar 31, 2024

2. Significant Accounting Policies

a. Property , Plant and Equipment

i. Recognition and Measurement

Items of property, plant and equipment are measured at cost less accumulated depreciation and accumulated impairment losses, any.

Cost of an item or property, plant and equipment comprises its purchase price, import duties and non-refundable purchases taxes, after deducting trade discounts and rebates, any directly attributable cost of bringing the item to its working condition for its intended use and estimated costs of dismantling and removing the item and restoring the site on which it is located

The cost of a self-constructed item of property, plant and equipment comprises the cost of materials and direct labour, any other costs directly attributable to bringing the item to its working condition for its intended use, and estimated costs of dismantling and removing the item and restoring the on which it is located.

If significant parts of an item of property, plant and equipment have different useful lives, then they are accounted for as separate items (major components) of property, plant and equipment.

Cost of assets not ready for intended use, as on the balance sheet date, is shown as capital work-in-progress.

ii. Subsequent Expenditure

Subsequent expenditure related to an item of tangible fixed asset is capitalized only if it Increases the future benefits from the existing assets beyond its previously assessed standards of performance.

iii. Depreciation

Depreciation is calculated on cost of items of property, plant and equipment less their estimated residual values over their estimated useful lives using the straight line method.

Depreciation is provided based on useful life of the assets as prescribed in Schedule II of companies Act, 2013.

Depreciation Method, Useful lives and residual values are reviewed at each financial year-end and adjusted if appropriate.

Depreciation on additions (disposals) is provided on pro-rata basis i.e., from (upto) the date on which asset is ready to use (disposed off).

iv. Capital Work in Progress

Projects under which assets are not ready for their intended use and other capital work-inprogress are carried at cost, comprising direct cost, related incidental expenses and attributable interest.

b. Foreign Currency

The functional currency of the company is in Indian rupee. Transactions in foreign currency are translated at the exchange rates prevailing on the date of the transactions. Monetary assets and liabilities denominated in foreign currency are restated at the prevailing year end rates. The resultant gain/loss upon such restatement along with the gain/ loss on account of foreign currency transactions are accounted in the statement of profit and loss.

c. Intangible Assets

Internally generated: Research and development

Expenditure on research activities is recognized in statement of profit and loss as incurred.

Development expenditure is capitalized as part of the cost of the resulting intangible asset only if the expenditure can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable, and the company intends to and has sufficient resources to complete development and to use or sell the asset. Otherwise, it is recognized in statement of profit and loss as incurred. Subsequent to initial recognition, the asset is measured at cost less accumulated amortization and any accumulated impairment losses.

Others

Other Intangible assets are initially measured at cost. Subsequently, such intangible assets are measured at cost less accumulated amortization and any accumulated impairment losses.

i. Subsequent Expenditure

Subsequent expenditure is capitalized only when it increases the future economic benefits embodied in the specific asset to which it relates.

ii. Amortization

Other intangible assets are amortized on a straight line basis over the estimated useful life as follows:

Computer software 3-10 years

Technical knowhow 10 years

Product related intangibles 10 years

Others 10 years

Amortization method, useful lives and residual values are reviewed at the end of each financial year and adjusted if appropriate.

d. Impairment

Property, Plant and Equipment

Property, plant and equipment and intangible assets with finite life are evaluated for recoverability whenever there is any indication that their carrying amounts may not be recoverable, if any such indication that their carrying amounts may not be recoverable. If any such indication exists, the recoverable amount (i.e, higher of the fair value less cost to sell and the value in use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating unit (CGU) to which the asset

belongs.

If the recoverable amount of an asset (or CGU) is estimated to be less than its carrying amount, the carrying amount of the asset (or CGU) is reduced to its recoverable amount. An impairment loss is recognized in the statement of profit and loss.

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Mar 31, 2023

2. Significant Accounting Policies

a. Property , Plant and Equipment

i. Recognition and Measurement

Items of property, plant and equipment are measured at cost less accumulated depreciation and accumulated impairment losses, any.

Cost of an item or property, plant and equipment comprises its purchase price, import duties and non-refundable purchases taxes, after deducting trade discounts and rebates, any directly attributable cost of bringing the item to its working condition for its intended use and estimated costs of dismantling and removing the item and restoring the site on which it is located

The cost of a self-constructed item of property, plant and equipment comprises the cost of materials and direct labour, any other costs directly attributable to bringing the item to its working condition for its intended use, and estimated costs of dismantling and removing the item and restoring the on which it is located.

If significant parts of an item of property, plant and equipment have different useful lives, then they are accounted for as separate items (major components) of property, plant and equipment.

Cost of assets not ready for intended use, as on the balance sheet date, is shown as capital work-in-progress.

ii. Subsequent Expenditure

Subsequent expenditure related to an item of tangible fixed asset is capitalized only if it Increases the future benefits from the existing assets beyond its previously assessed standards of performance.

iii. Depreciation

Depreciation is calculated on cost of items of property, plant and equipment less their estimated residual values over their estimated useful lives using the straight line method.

Depreciation is provided based on useful life of the assets as prescribed in Schedule II of companies Act, 2013.

Depreciation Method, Useful lives and residual values are reviewed at each financial year-end and adjusted if appropriate.

Depreciation on additions (disposals) is provided on pro-rata basis i.e., from (upto) the date on which asset is ready to use (disposed off).

iv. Capital Work in Progress

Projects under which assets are not ready for their intended use and other capital work-inprogress are carried at cost, comprising direct cost, related incidental expenses and attributable interest.

b. Foreign Currency

The functional currency of the company is in Indian rupee. Transactions in foreign currency are translated at the exchange rates prevailing on the date of the transactions. Monetary assets and liabilities denominated in foreign currency are restated at the prevailing year end rates. The resultant gain/loss upon such restatement along with the gain/ loss on account of foreign currency transactions are accounted in the statement of profit and loss.

c. Intangible Assets

Internally generated: Research and development

Expenditure on research activities is recognized in statement of profit and loss as incurred.

Development expenditure is capitalized as part of the cost of the resulting intangible asset only if the expenditure can be measured reliably, the product or process is technically and commercially feasible, future economic benefits are probable, and the company intends to and has sufficient resources to complete development and to use or sell the asset. Otherwise, it is recognized in statement of profit and loss as incurred. Subsequent to initial recognition, the asset is measured at cost less accumulated amortization and any accumulated impairment losses.

Others

Other Intangible assets are initially measured at cost. Subsequently, such intangible assets are measured at cost less accumulated amortization and any accumulated impairment losses.

i. Subsequent Expenditure

Subsequent expenditure is capitalized only when it increases the future economic benefits embodied in the specific asset to which it relates.

ii. Amortization

Other intangible assets are amortized on a straight line basis over the estimated useful life as follows:

Computer software 3-10 years

Technical knowhow 10 years

Product related intangibles 10 years

Others 10 years

Amortization method, useful lives and residual values are reviewed at the end of each financial year and adjusted if appropriate.

d. Impairment

Property, Plant and Equipment

Property, plant and equipment and intangible assets with finite life are evaluated for recoverability whenever there is any indication that their carrying amounts may not be recoverable, if any such indication that their carrying amounts may not be recoverable. If any such indication exists, the recoverable amount (i.e, higher of the fair value less cost to sell and the value in use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating unit (CGU) to which the asset belongs.

If the recoverable amount of an asset (or CGU) is estimated to be less than its carrying amount, the carrying amount of the asset (or CGU) is reduced to its recoverable amount. An impairment loss is recognized in the statement of profit and loss.