Accounting Policies of Graphisads Ltd. Company

Mar 31, 2025

1. 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) including the Accounting Standards notified under Section 133 of the Companies Act, 2013, read with
Rule 7 ofthe Companies (Accounts) Rules, 2014 and the relevant provisions of the Companies Act, 2013.

The financial statements have been prepared under the historical cost convention on accrual basis.

b) Use of Estimates

The preparation of financial statements in conformity with Indian GAAP requires the management to make judgments,
estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities and the disclosure
of contingent liabilities, at the end of the reporting period. Although these estimates are based on the management’s best
knowledge of current events and actions, uncertainty about these assumptions and estimates could result in the outcomes
requiring a material adjustment to the carrying amounts of assets or liabilities in future periods.

c) Revenue Recognition: -

Income and Expenses considered receivable and payable respectively are accounted for on accrual basis.

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the
revenue can be reliably measured.

i. Revenue from sale of goods is recognized on transfer of risks and ownership to the buyer subject to reasonable
certainty of its collection.

ii. Revenue from sale of services is recognized as and when services are completed.

iii. Income from advertisement is recognised to the extent, the advertisement is displayed as advertising outdoor media.
Sales are recognized at the point of services provided to the customers and are net of taxes. Income is recognised on
the basis of completion of service basis.

iv. Interest income is recognized on a time proportionate basis except in case of interest on refund of any tax, duty or cess
which is recognized on receipt basis.

v. Dividend income is recognized on receipt basis.

vi. Unbilled Revenue: Revenue is recognized in the books of accounts as per accrual concept. Unbilled Revenue is
recognized for the services which are completed as on date but not billed, as a result of which revenue is increased in
PL statement & Unbilled Revenue Asset in balance sheet. However, in GST, levy of tax and filing of return arises
when the conditions of time of supply are satisfied. Upon completion of services the management shall be issued the
bill within 30 days of completion of services as stipulated in the GST Act,2017.

vii. Any other items of income are recognized as and when right to receive arises.

d) Property, plant and equipment

i. The cost of an item of PPE is the cash price equivalent at the recognition date. The cost of PPE comprises the
following:

a) Purchase price, including import duties and non-refundable purchase taxes, after deducting trade discounts and
rebates.

b) Costs directly attributable to bringing the PPE to the location and condition necessary for it to be capable of
operating in the manner intended by management.

ii. Expenditure incurred on major renovations and modernization of PPE, which results in an increase in the useful life
or efficiency of the asset, is added to the cost of the related asset. PPE acquired as replacements for existing assets or
components removed/retired from active use are derecognized.

iii. An item of PPE is derecognized upon disposal or when no future economic benefits are expected from its use or
disposal. Gains or losses arising from the derecognition of an item of PPE are measured as the difference between the
net disposal proceeds and the carrying amount of the asset and are recognized in the profit and loss account when the
asset is derecognized.

iv. The company has elected to use the cost (historical cost) model for the recognition of PPE. After initial recognition as
an asset, PPE is carried at cost less any accumulated depreciation and accumulated impairment losses.

e) Capital Work in Progress

Property, plant, and equipment under construction and assets not put into use by the year-end are disclosed as Capital

Work in Progress (CWIP), which includes the following:

i. Interest related to construction period is calculated based on the interest charged by the lender and capitalized. The
interest is calculated from the date of availment of such loan until the date of capitalization.

ii. The value of construction materials is charged to CWIP when issued. Materials lying at the construction site at year-
end are treated as part of CWIP, while materials stored in warehouses are classified under "Stores and Spares”.

The following tables represents CWIP ageing:

^{For the F}''^Y* ^2024-25 (Amounts are in Lacs)

Particulars	Amount in CWIP for a period of				Total
	Less than 1 year	1-2 years	2-3 years	More than 3 years
NDMC Public Utility	276.21	-	-	-	276.21
NCUI	150.07	-	-	-	150.07
Total CWIP as on March 31, 2025	426.28	-	-	-	426.28

f) Depreciation & Amortisation

Depreciation/Amortisation on Property Plant and Equipment & Intangible Assets is provided to the extent of depreciable
amount on the Written down Value (WDV) Method. Depreciation is provided based on useful life of the assets as
prescribed in Schedule II to the Companies Act, 2013.

Depreciation on assets acquired/sold during the year is recognised on a pro-rata basis to the statement of profit and loss till
the date of acquisition/sale.

The carrying amount of assets is reviewed at each balance sheet date if there is any indication of impairment based on
internal/external factors. An impairment loss is recognised wherever the carrying amount of an asset exceeds its
recoverable amount. The recoverable amount is the greater of the assets, net selling price and value in use. In assessing
value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects
current market assessments of the time value of money and risks specific to the asset.

After impairment, depreciation is provided on the revised carrying amount of the asset over its remaining useful life.
Following is the schedule of life of assets:

Asset Class	Useful Life (in years)
Land & Building	60
Furniture and Fittings	3
Office Equipment	5
Motor Vehicles	8
Computers	3
Computer Software	10

g) Impairment

The Company assesses at each reporting date as to whether there is any indication that any property, plant and equipment
and intangible assets or group of assets, called cash generating units (CGU) may be impaired. If any such indication exists
the recoverable amount of an asset or CGU is estimated to determine the extent of impairment, if any. When it is not
possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the
CGU to which the asset belongs.

An impairment loss is recognised in the Statement of Profit and Loss to the extent, asset’s carrying amount exceeds its
recoverable amount. The recoverable amount is higher of an asset’s fair value less cost of disposal and value in use. Value
in use is based on the estimated future cash flows, discounted to their present value using pre-tax discount rate that reflects
current market assessments of the time value of money and risk specific to the assets.

The impairment loss recognised in prior accounting period is reversed if there has been a change in the estimate of
recoverable amount.

h) Foreign currency Transactions

Transactions arising in foreign currencies during the year are converted at the rates closely approximating the rates ruling
on the transaction dates. Liabilities and receivables in foreign currency are restated at the year-end exchange rates. All
exchange rate differences arising from conversion in terms of the above are included in the statement of profit and loss.

i) Intangible assets

Intangible assets are recognised if:

(i) It is probable that the future economic benefits that are attributable to the assets will flow to the company, and

(ii) The cost of the assets can be measured reliably.

j) Investments

On initial recognition, all investments are measured at cost. The cost comprises purchase price and directly attributable
acquisition charges such as brokerage, fees and duties.

Investments, which are readily realizable and intended to be held for not more than one year from the date on which such
investments are made, are classified as current investments. All other investments are classified as non-current
investments. Current investments are carried in the financial statements at lower of cost and fair value determined on an
individual investment basis. Long-term investments are carried at cost. However, provision for diminutions in value is
made to recognize a decline other than temporary in the value of the investments.

On disposal of an investment, the difference between its carrying amount and net disposal proceeds is charged or credited
to the statement of profit and loss.

k) Inventories

The management has certified that the inventories appearing in the books is mainly on account of residual inventory in
events/exhibitions and has valued the same at cost.

l) Borrowing cost

Borrowing costs that are attributable to the acquisition or construction of the qualifying assets are capitalized as part of
the cost of such assets. A qualifying assets is one that necessarily takes a substantial period of time to get ready for its
intended uses or sale. All other borrowing costs are charged to revenue in the year of incurrence.

m) Employee Benefit Cost
Gratuity:

Gratuity benefit is payable to the employees as per the provisions of Payment of Gratuity Act, 1972 and its later
amendments. All the employees are entitled to the payment of the gratuity benefits on the exit from the service either due
to (a) Retirement, (b) Resignation or (c) Death, having the vesting period of 5 years of exit due to retirement or
resignation.

The Company has created the provision as on 31st March 2025, for the payment of Gratuity as per the Employee Benefit
Valuation report based on the validity and reasonableness of the assumptions taken for the future accounting periods. The
disclosure is based on the requirements of respective accounting standards and its respective applicability for the
employee benefit.

All other employee benefits are recognized as an expense in the Statement of Profit and Loss for the year in which they are
incurred.

n) Taxes on Income

Income tax expense comprises current tax expense and the net change in the deferred tax asset or liability during the year.

Current and deferred taxes are recognized in statement of profit and loss, except when they relate to items that are
recognized in other comprehensive income or directly in equity, in which case, the current and deferred tax are also
recognized in other comprehensive income or directly in equity, respectively.

Current income taxes

The current income tax expense includes income taxes payable by the Company in India. The current tax payable by the
Company in India is Indian income tax payable on income.

Advance taxes and provisions for current income taxes are presented in the balance sheet after off-setting advance tax
paid and income tax provision arising in the same tax jurisdiction and where the relevant tax paying unit intends to settle
the asset and liability on a net basis.

Deferred income taxes

Deferred income tax is recognized using the balance sheet approach. Deferred income tax assets and liabilities are
recognized for deductible and taxable temporary differences arising between the tax base of assets and liabilities and their
carrying amount, except when the deferred income tax arises from the initial recognition of an asset or liability in a
transaction that is not a business combination and affects neither accounting nor taxable profit or loss at the time of the
transaction.

Deferred income 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.

The carrying amount of deferred income 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 income tax asset to be utilized.

Deferred tax assets and liabilities are measured using substantively enacted tax rates expected to apply to taxable income
in the years in which the temporary differences are expected to be received or settled.

Deferred tax assets and liabilities are offset when they relate to income taxes levied by the same taxation authority and the
relevant entity intends to settle its current tax assets and liabilities on a net basis.

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Mar 31, 2024

1. 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) including the Accounting Standards notified under Section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014 and the relevant provisions of the Companies Act, 2013.

The financial statements have been prepared under the historical cost convention on accrual basis.

b) Use of Estimates

The preparation of financial statements in conformity with Indian GAAP requires the management to make judgments, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities and the disclosure of contingent liabilities, at the end of the reporting period. Although these estimates are based on the management''s best knowledge of current events and actions, uncertainty about these assumptions and estimates could result in the outcomes requiring a material adjustment to the carrying amounts of assets or liabilities in future periods.

c) Revenue Recognition: -

Income and Expenses considered receivable and payable respectively are accounted for on accrual basis.

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.

i. Revenue from sale of goods is recognized on transfer of risks and ownership to the buyer subject to reasonable certainty of its collection.

ii. Revenue from sale of services is recognized as and when services are completed.

iii. Income from advertisement is recognised to the extent, the advertisement is displayed as advertising outdoor media. Sales are recognized at the point of services provided to the customers and are net of taxes. Income is recognised on the basis of completion of service basis.

iv. Interest income is recognized on a time proportionate basis except in case of interest on refund of any tax, duty or cess which is recognized on receipt basis.

v. Dividend income is recognized on receipt basis.

vi. Unbilled Revenue: Revenue is recognized in the books of accounts as per accrual concept. Unbilled Revenue is recognized for the services which are completed as on date but not billed, as a result of which revenue is increased in PL statement & Unbilled Revenue Asset in balance sheet. However, in GST, levy of tax and filing of return arises when the conditions of time of supply are satisfied. Upon completion of services the management shall be issued the bill within 30 days of completion of services as stipulated in the GST Act,2017.

vii. Any other items of income are recognized as and when right to receive arises.

d) Property, plant and equipment

All other items of property, plant and equipment are stated at historical cost less accumulated depreciation. Historical cost includes expenditure that is directly attributable to the acquisition of the items. Subsequent costs are included in the asset''s carrying amount or recognized as a separate asset, as appropriate, only when 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. The carrying amount of any component accounted for as a separate asset is derecognized when replaced. All other repairs and maintenance are charged to profit or loss during the reporting period in which they are incurred.

Company has adopted cost model for all class of items of Property Plant and Equipment.

IMPAIRMENT

The Company assesses at each reporting date as to whether there is any indication that any property, plant and equipment and intangible assets or group of assets, called cash generating units (CGU) may be impaired. If any such indication exists the recoverable amount of an asset or CGU is estimated to determine the extent of impairment, if any. When it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the recoverable amount of the CGU to which the asset belongs.

An impairment loss is recognised in the Statement of Profit and Loss to the extent, asset''s carrying amount exceeds its recoverable amount. The recoverable amount is higher of an asset''s fair value less cost of disposal and value in use. Value in use is based on the estimated future cash flows, discounted to their present value using pre-tax discount rate that reflects current market assessments of the time value of money and risk specific to the assets.

The impairment loss recognised in prior accounting period is reversed if there has been a change in the estimate of recoverable amount.

e) Depreciation

Depreciation/Amortisation on Property Plant and Equipment & Intangible Assets is provided to the extent of depreciable amount on the Written down Value (WDV) Method. Depreciation is provided based on useful life of the assets as prescribed in Schedule II to the Companies Act, 2013.

Depreciation on assets acquired/sold during the year is recognised on a pro-rata basis to the statement of profit and loss till the date of acquisition/sale.

The carrying amount of assets is reviewed at each balance sheet date if there is any indication of impairment based on internal/external factors. An impairment loss is recognised wherever the carrying amount of an asset exceeds its recoverable amount. The recoverable amount is the greater of the assets, net selling price and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and risks specific to the asset.

After impairment, depreciation is provided on the revised carrying amount of the asset over its remaining useful life. Following is the schedule of life of assets:

f) Foreign currency Transactions

Transactions arising in foreign currencies during the year are converted at the rates closely approximating the rates ruling on the transaction dates. Liabilities and receivables in foreign currency are restated at the year-end exchange rates. All exchange rate differences arising from conversion in terms of the above are included in the statement of profit and loss.

g) Intangible assets

Intangible assets are recognised if:

(i) It is probable that the future economic benefits that are attributable to the assets will flow to the company, and

(ii) The cost of the assets can be measured reliably.

h) Investments

On initial recognition, all investments are measured at cost. The cost comprises purchase price and directly attributable acquisition charges such as brokerage, fees and duties.

Investments, which are readily realizable and intended to be held for not more than one year from the date on which such investments are made, are classified as current investments. All other

investments are classified as non-current investments. Current investments are carried in the financial statements at lower of cost and fair value determined on an individual investment basis. Long-term investments are carried at cost. However, provision for diminutions in value is made to recognize a decline other than temporary in the value of the investments.

On disposal of an investment, the difference between its carrying amount and net disposal proceeds is charged or credited to the statement of profit and loss.

i) Inventories

The management has certified that the inventories appearing in the books is mainly on account of residual inventory in events/exhibitions and has valued the same at cost.

j) Borrowing cost

Borrowing costs that are attributable to the acquisition or construction of the qualifying assets are capitalized as part of the cost of such assets. A qualifying assets is one that necessarily takes a substantial period of time to get ready for its intended uses or sale. All other borrowing costs are charged to revenue in the year of incurrence.

k) Retirement Benefits

The Company has made appropriate provisions for retirement benefits i.e. gratuity.

l) Employee Benefit Cost

Employee benefits are recognized as an expense in the profit and loss account of the year. Previous year effects have been adjusted through reserves and surplus.

m) Taxes on Income

Provision for current tax is made on the basis of estimated taxable income for the current accounting year in accordance with the Income Tax Act, 1961. The deferred tax for timing differences between the book and tax profits for the year is accounted for, using the tax rates and laws that have been substantively enacted by the balance sheet date. Deferred tax assets arising from timing differences are recognized to the extent there is virtual certainty with convincing evidence that these would be realized in future. At each Balance Sheet date, the carrying amount of deferred tax is reviewed to reassure realization.