Accounting Policies of Dollex Agrotech Ltd. Company

Mar 31, 2025

a. Accounting Convention:

The Financial Statement are Prepared on the basis of going concern, under historical cost Convention
on an accrual basis and in accordance with the requirement of the Companies Act, 2013 and comply
with the Accounting Standards issued by the Institute of Chartered Accountants of India to the
extend applicable.

b. Use of Estimates:

The preparation of financial Statements, in conformity with the Generally Accepted Accounting
Principles, requires management to make estimates and assumptions that are considered in the
reported amounts of assets and liabilities and disclosures of contingent liabilities on the date of
financial statements and reported amounts of revenue and expenses for the year. Estimates are based
on historical experience, where applicable and other assumptions that management believes are
reasonable under the circumstances. Actual results could vary from these estimates and any such
differences are dealt with in the period in which results are known/ materialize.

2.Accounting Standards:

a. Investments:

Long Term Investments are stated at Cost.

b. Inventories

Inventories are valued at lower of cost (Excluding Excise duty / GST) or Net Realize Value.

c. Property, Plant and Equipment

Fixed Assets are stated at cost less accumulated depreciation and impairment, if any. Direct costs are
capitalized until such assets are put to use. Tangible Fixed Assets, that are not yet ready for their
intended use are carried at costs, comprising direct cost and other incidental / attributable expenses
and reflected under capital work in progress.

Deprecation on fixed assets is provided on the SLM method in the manner prescribed under Schedule
II to the Companies Act, 2013.

d. Revenue Recognition

Sales of goods is recognized on dispatch to customers and it is net of discount. Interest income is
recognized on a time proportion basis.

e. Accounting Policies, changes in Accounting estimates and errors.

There is no change in accounting policies. As regards prior period item, those have been earmarked.

f. Accounting for effects of change in Foreign Exchange

Transactions in foreign currency are recorded at exchange rates prevailing on the date of the
transaction. Assets and Liabilities related to foreign currency transactions, remaining unsettled at the
year end, are stated at the contracted rates, when covered under forward exchange contracts and at
year end rates in other cases. The premium payable on forward foreign exchange contracts is
amortized over the period of contract. Exchange gains /losses are to be recognized in the profit and
loss account. There is no foreign currency transaction during the year.

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Mar 31, 2024

1. Accounting Policies

a. Accounting Convention:

The Financial Statement are Prepared on the basis of going concern, under historical cost Convention on an accrual basis and in accordance with the requirement of the Companies Act, 2013 and comply with the Accounting Standards issued by the Institute of Chartered Accountants of India to the extend applicable.

b. Use of Estimates :

The preparation of financial Statements, in conformity with the Generally Accepted Accounting Principles, requires management to make estimates and assumptions that are considered in the reported amounts of assets and liabilities and disclosures of contingent liabilities on the date of financial statements and reported amounts of revenue and expenses for the year. Estimates are based on historical experience, where applicable and other assumptions that management believes are reasonable under the circumstances. Actual results could vary from these estimates and any such differences are dealt with in the period in which results are known/materialize.

2. Accounting Standards:

a. Investments: Long Term Investments are stated at Cost.

b. Inventories

Inventories are valued at lower of cost (Excluding Excise duty /GST) or Net Realize Value.

c. Property, Plant and Equipment

Fixed Assets are stated at cost less accumulated depreciation and impairment, if any. Direct costs are capitalized until such assets are put to use. Tangible Fixed Assets, that are not yet ready for their intended use are carried at costs, comprising direct cost and other incidental /attributable expenses and reflected under capital work in progress.

Deprecation on fixed assets is provided on the SLM method in the manner prescribed under Schedule II to the Companies Act, 2013.

d. Revenue Recognition

Sales of goods is recognized on dispatch to customers and it is net of discount. Interest income is recognized on a time proportion basis.

e. Accounting Policies, changes in Accounting estimates and errors.

There is no change in accounting policies. As regards prior period item, those have been earmarked.

f. Accounting for effects of change in Foreign Exchange

Transactions in foreign currency are recorded at exchange rates prevailing on the date of the transaction. Assets and Liabilities related to foreign currency transactions, remaining unsettled at the year end, are stated at the contracted rates, when covered under forward exchange contracts and at year end rates in other cases. The premium payable on forward foreign exchange contracts is amortized over the period of contract. Exchange gains /losses are to be recognized in the profit and loss account. There is no foreign currency transaction during the year.

g. Share Capital:

The Authorized Share Capital of the Company has increased from 2,500 Lacs to 4,000 Lacs via Shareholder''s Resolution Dated 28^th September, 2023.