Accounting Policies of Ganesh Green Bharat Ltd. Company

Mar 31, 2025

2 SIGNIFICANT ACCOUNTING POLICIES
a Basis of Preparation

These financial statements have been prepared in accordance with the Generally Accepted Accounting Principles in India (''Indian GAAP'') to
comply with the Accounting Standards specified under Section 133 of the Companies Act, 2013, as applicable. The financial statements have
been prepared under the historical cost convention on accrual basis, except for certain financial instruments which are measured at fair
value.

b Use of estimates

The preparation of financial statements requires the management of the Company to make estimates and assumptions that affect the
reported balances of assets and liabilities and disclosures relating to the contingent liabilities as at the date of the financial statements and
reported amounts of income and expense during the year. Examples of such estimates include provisions for doubtful receivables, provision
for income taxes, the useful lives of depreciable Property, Plant and Equipment and provision for impairment. Future results could differ
due to changes in these estimates and the difference between the actual result and the estimates are recognised in the period in which the
results are known / materialise.

c Property, Plant and Equipment

Property, Plant and Equipment are stated at cost, less accumulated depreciation / amortisation. Costs include all expenses incurred to bring
the asset to its present location and condition.

Property, Plant and Equipment exclude computers and other assets individually costing Rs. 5000 or less which are not capitalised except
when they are part of a larger capital investment programme.

d Depreciation / amortisation

In respect of Property, Plant and Equipment (other than freehold land and capital work-in-progress) acquired during the year,
depreciation/amortisation is charged on a straight line basis so as to write-off the cost of the assets over the useful lives.

e Leases

Lease arrangements where the risks and rewards incidental to ownership of an asset substantially vest with the lessor, are recognised as
operating leases. Lease rentals under operating leases are recognised in the statement of profit and loss on a straight-line basis.

f Impairment

At each balance sheet date, the management reviews the carrying amounts of its assets included in each cash generating unit to determine
whether there is any indication that those assets were impaired. If any such indication exists, the recoverable amount of the asset is
estimated in order to determine the extent of impairment. Recoverable amount is the higher of an asset''s net selling price and value in use.
In assessing value in use, the estimated future cash flows expected from the continuing use of the asset and from its disposal are discounted
to their present value using a pre-tax discount rate that reflects the current market assessments of time value of money and the risks
specific to the asset.

g Investments

Long-term investments and current maturities of long-term investments are stated at cost, less provision for other than temporary
diminution in value.

h Employee Benefits

(i) Post-employment benefit plans

Contributions to defined contribution retirement benefit schemes are recognised as expense when employees have rendered services
entitling them to such benefits.

For defined benefit schemes, the cost of providing benefits is determined using the Projected Unit Credit Method, with actuarial valuations
being carried out at each balance sheet date. Actuarial gains and losses are recognised in full in the statement of profit and loss for the
period in which they occur. Past service cost is recognised immediately to the extent that the benefits are already vested, or amortised on a
straight-line basis over the average period until the benefits become vested.

i Revenue recognition

Revenue from the EPC and Solar Panel - Manufacture are recognised, when significant risks and rewards of ownership of the goods have
passed to the buyer which coincides with delivery and are recorded net of trade discounts. Revenue are stated at net of returns and GST.
Dividend is recorded when the right to receive payment is established. Interest income is recognised on time proportion basis taking into
account the amount outstanding and the rate applicable. ffl

In case of Reveunue from EPC for When the outcome of a contract can be estimated reliably, revenue and costs are recognised by reference
to the stage of completion of the contract activity at the end of the reporting period, measured based on the proportion of contract costs
incurred for work performed to date relative to the estimated total contract costs.

j Taxation

Current income tax expense comprises taxes on income from operations in India. Income tax payable in India is determined in accordance
with the provisions of the Income Tax Act, 1961.

Deferred tax expense or benefit is recognised on timing differences being the difference between taxable income and accounting income
that originate in one period and is likely to reverse in one or more subsequent periods. Deferred tax assets and liabilities are measured using
the tax rates and tax laws that have been enacted or substantively enacted by the balance sheet date.

k Foreign currency transactions

Income and expense in foreign currencies are converted at exchange rates prevailing on the date of the transaction. Foreign currency
monetary assets and liabilities other than net investments in non-integral foreign operations are translated at the exchange rate prevailing
on the balance sheet date and exchange gains and losses are recognised in the statement of profit and loss.

l Inventories

Raw materials are carried at the lower of cost and net realisable value. Packing Material are carried at lower of cost and net realisable value.
Finished goods produced or purchased by the Company are carried at lower of cost and net realisable value. Cost includes direct material
and labour cost and a proportion of manufacturing overheads.