Accounting Policies of Integra Capital Ltd. Company

Mar 31, 2024

2. Material Accounting Poilicy

A summary of the Material accounting policies adopted in the preparation ofthe financial statements are as given below. These accounting policies have been applied consistently to all periods
presented in the financial statements.

2.1 Statement of Compliance

The financial statements have been prepared on going concern basis following accrual system of accounting in accordance with the Indian Accounting Standards (''Ind AS'') notified under the
Companies (Indian Accounting Standards) Rules 2015 and subsequent amendments thereto, read with Section 133 of the Companies Act, 2013 and other Accounting principles generally
accepted in India.

2.1.1 Basis for preparation of financial statements

The financial statements have been prepared on the historical cost basis except for certain financial instruments that are measured at fair values at the end of each reporting period, as
explained in the accounting policies below. Unless otherwise stated, all amounts are stated in thousands of Rupees.

Historical cost is the amount ofcash or cash equivalents paid or the fair value ofthe consideration given to acquire assets at the time of their acquisition or the amount of proceeds received in
exchange for the obligation, or at the amounts of cash or cash equivalents expected to be paid to satisfy the liability in the normal course of business.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, regardless of whether
that price is directly observable or estimated using another valuation technique. Fairvalue for measurement and/or disclosure purpose in these financial statements is determined on such basis
except for, leasing transactions that are within the scope of Ind AS 17, and measurements that have some similarities to fair value but are not fair value.

In addition, for financial reporting purposes fair value measurements are categorized into Level 1, 2 or 3 based on the degree to which the inputs for the fair value measurements are
observable and the significance of the inputs to the fair value measurements in its entirety, which are described as follows:

• Level 1 -Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date;

• Level 2 -Inputs are inputs, other than quoted prices included within level 1, that are observable for the asset or liability, either directly or indirectly; and
•Level 3- inputs are unobservable inputs for the asset or liability.

2.2 Use of Estimates

The preparation of financial statements requires management to make judgments, estimates and assumptions that may impact the application of accounting policies and the reported value of
assets, liabilities, income, expenses and related disclosures concerning the items involved as well as contingent assets and liabilities at the balance sheet date. The estimates and management''s
judgments are based on previous experience & other factors considered reasonable and prudent in the circumstances. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future
periods affected.

I n order to enhance understanding of the financial statements, information about Material areas of estimation, uncertainty and critical judgments in applying accounting policies that have the
most Material effect on the amounts recognized in the financial statements is as under:

a) Formulation of accounting policies

The accounting policies are formulated in a manner that results in financial statements containing relevant and reliable information about the transactions, other events and conditions to which
they apply. Those policies need not be applied when the effect of applying them is immaterial.

b) Post-employment benefit plans

Employee benefit obligations are measured on the basis of actuarial assumptions which include mortality and withdrawal rates as well as assumptions concerning future developments in
discount rates, the rate of salary increases and the inflation rate. The Company considers that the assumptions used to measure its obligations are appropriate and documented. However, any
changes in these assumptions may have a material impact on the resulting calculations.

c) Provisions and contingencies

The assessments undertaken in recognizing provisions and contingencies have been made in accordance with Ind AS 37 ''Provisions, contingent liabilities and contingent assets''. The
evaluation of the likelihood of the contingent events has required best judgment by management regarding the probability of exposure to potential loss. Should circumstances change following
unforeseeable developments, this likelihood could alter.

d) Income taxes

Material estimates are involved in determining the provision for income taxes, including amount expected to be paid/ recovered for uncertain tax positions.

2.3 Recent Pronouncements

Ministry of Corporate Affairs ("MCA") notifies new standards or amendments to the existing standards under Companies (Indian Accounting Standards) Rules as issued from time to time. For
the year ended March 31, 2024, MCA has not notified any new standards or amendments to the existing standards applicable to the Company.

2.4 Revenue recognition

The core principle of Ind AS 115 Revenue from contracts with customers is that an entity should recognise revenue to depict the transfer of promised goods or services to customers in an
amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Specifically, the standard introduces a 5-step approach to revenue
recognition:

Step 1: Identify the contract(s) with a customer
Step 2: Identify the performance obligation in contract
Step 3: Determine the transaction price

Step 4: Allocate the transaction price to the performance obligations in the contract
Step 5: Recognise revenue when (or as) the entity satisfies a performance obligation

Revenue is recognised when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity. Revenue excludes Goods and Service Tax (GST),
Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) wherever applicable.

a) Revenue from consultancy income is recognized on performance being satisfied at a point in time.

b) Revenue from brokerage activities are recognized on services being performed.

c) Revenue from sale of securities is recognized on the trade date of transaction.

d) Interest Income is recognised on a basis of effective interest method as set out in Ind AS 109, Financial Instruments, and where no Material uncertainty as to measurability or collectability
exists.

e) Dividend income is recognized when the Company''s right to receive dividend is established.

f) Profit or loss on sale of all Investments is recognised on date of sale, net of expenses. The cost of investments is computed based on weighted average basis.

2.5 Foreign Currency Transaction
Functional and presentation currency

Items included in the financial statements of entity are measured using currency of the primary economic environment in which the entity operates (''the functional currency''). The financial
statements are presented in Indian rupee (INR), which is entity''s functional and presentation currency.

Transactions and Balances

Transactions in foreign currencies are initially recorded at their respective functional currency spot rates at the date the transaction first qualifies for recognition.

Monetary assets and liabilities denominated in foreign currencies are translated at the functional currency spot rates of exchange at the reporting date.

Differences arising on settlement or translation of monetary items are recognised in profit or loss.

Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates at the dates of the initial transactions. Non-monetary items
measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value is determined. The gain or loss arising on translation of non-monetary items
measured at fair value is treated in line with the recognition of the gain or loss on the change in fair value of the item.

Where the difference is a pass through the lessee, the amount is received/ reimbursed to the lessee.

2.6 Employee Benefits
Defined contribution plan

A defined contribution plan is a plan under which the Company pays fixed contributions into an independent fund administered by the government/Company administrated Trust. The Company
has no legal or constructive obligations to pay further contributions after its payment of the fixed contribution.

Defined benefit plan

The defined benefit plans sponsored by the Company define the amount of the benefit that an employee will receive on completion of services by reference to length of service and last drawn
salary. Gratuity is in the nature ofa defined benefit plan. The liability recognised in the financial statements in respect ofthe plan is the presentvalue ofthe defined benefit obligation net offair
value of plan assets at the reporting date, together with adjustments for unrecognised actuarial gains or losses and past service costs. The defined benefit obligation is calculated at the
reporting date by an independent actuary using the projected unit credit method.

Actuarial gains and losses arising from past experience and changes in actuarial assumptions are credited or charged to the statement of Other Comprehensive Income in the period in which
such gains or losses are determined.

Other long-term employee benefits

Liability in respect of compensated absences becoming due or expected to be availed more than one-year after the balance sheet date is estimated on the basis of an actuarial valuation
performed by an independent actuary using the projected unit credit method.

Actuarial gains and losses arising from past experience and changes in actuarial assumptions are charged to statement of profit and loss in the period in which such gains or losses are
determined.

Short-term employee benefits

Expense in respect of other short term benefits is recognised on the basis of the amount paid or payable for the period during which services are rendered by the employee.

2.7 Taxation

Tax expense comprises Current Tax and Deferred Tax.

Current Tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from ''profit before tax'' as reported in the Statement of Profit and Loss because of items of income or
expense that are taxable or deductible in other years and items that are never taxable or deductible.

The Company''s current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also
recognised in other comprehensive income or directly in equity respectively.

Minimum Alternate Tax (MAT) under the provision of Income Tax Act, 1961 is recognized as CurrentTax in the Statement of Profit and Loss. Current Tax computed as per the normal provision
ofIncome Tax Act, 1961 is lower than the MAT. Minimum Alternate Tax (MAT) credit is recognized as an asset only where and to the extent there is convincing evidence that the Company will
pay normal income tax during the specified period.

Deferred Tax

Deferred tax is recognized using the balance sheet method, providing for temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the
amounts used for taxation purposes. Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, based on the laws that have been
enacted or substantively enacted by the reporting date. Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets, and they
relate to income taxes levied by the same tax authority.

A deferred tax asset is recognized to the extent that it is probable that future taxable profits will be available against which the temporary difference can be utilized. Deferred tax assets are
reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realized.

2.8 Property, Plant and Equipment (PPE)

An item of property, plant and equipment is recognized as an asset if and only if 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.

Items of property, plant and equipment are initially recognized at cost. Subsequent measurement is done at cost less accumulated depreciation/amortization and accumulated impairment
losses. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by
management.

When parts of an item of property, plant and equipment have different useful lives, they are recognized separately.

Subsequent expenditure is recognized as an increase in the carrying amount of the asset when it is probable that future economic benefits deriving from the cost incurred will flow to the
enterprise and the cost of the item can be measured reliably.

De-recognition

Property, plant and equipment is derecognized when no future economic benefits are expected from their use or upon their disposal. Gains and losses on de-recognition of an item of property,
plant and equipment are determined by comparing the proceeds from disposal, if any, with the carrying amount of property, plant and equipment, and are recognized in the statement of profit
and loss.

Depreciation

Depreciation on property, plant and equipment has been provided on the written down value method as per the useful life prescribed in Schedule II to the Companies Act, 2013.

2.9 Intangible assets

An intangible asset is recognized if and only if it is probable that the expected future economic benefits that are attributable to the asset will flow to the Company and the cost of the asset can
be measured reliably.

Intangible assets that are acquired by the Company, which have finite useful lives, are recognized at cost. Subsequent measurement is done at cost less accumulated amortization and
accumulated impairment losses. Cost includes any directly attributable incidental expenses necessary to make the assets ready for its intended use.

Subsequent expenditure is recognized as an increase in the carrying amount of the asset when it is probable that future economic benefits deriving from the cost incurred will flow to the
enterprise and the cost of the item can be measured reliably.

De-recognition

An intangible asset is derecognized when no future economic benefits are expected from their use or upon their disposal. Gains & losses on de-recognition of an item ofintangible assets are
determined by comparing the proceeds from disposal, if any, with the carrying amount of intangible assets and are recognized in the statement of profit and loss.

Amortization

Software is amortized over 5 years on straight-line method.

2.10 Borrowing costs

Borrowing costs consist of interest expense calculated using the effective interest method as described in IndAS 109''FinancialInstruments''and exchangedifferencesarisingfrom
foreign currency borrowings to the extent that they are regarded as an adjustment to interest costs.

Borrowing costs that are directly attributable to the acquisition, construction/development or erection of qualifying assets are capitalized as part of cost ofsuch asset until such time the assets
are substantially ready for their intended use. Qualifying assets are assets which necessarily take substantial period of time to get ready for their intended use or sale.

When the Company borrows funds specifically for the purpose of obtaining a qualifying asset, the borrowing costs incurred are capitalized. When Company borrows funds generally and uses
them for the purpose of obtaining a qualifying asset, the capitalization of the borrowing costs is computed based on the weighted average cost of general borrowing that are outstanding during
the period and used for the acquisition, construction/exploration or erection of the qualifying asset.

Income earned on temporary investment of the borrowings pending their expenditure on the qualifying assets is deducted from the borrowing costs eligible for capitalization.

Capitalization of borrowing costs ceases when substantially all the activities necessary to prepare the qualifying assets for their intended uses are complete.

All other borrowing costs are recognized as an expense in the year in which they are incurred.

2.11 Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise cash at banks, cash on hand and short-term deposits with an original maturity of three months or less, which are subject to an
inMaterial risk of changes in value.

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Mar 31, 2015

A. The financial statements have been prepared in accordance with the generally accepted accounting principles as well as the requirements of the Companies Act, 2013. Significant policies are as follows:-

1. Basis of Accounting :

The accounts are prepared on the accrual concept of accounting under the historical cost convention and on the basis of going concern except service tax which is accounted for on cash receipt & payment basis.

2. Fixed Assets :

Fixed Assets are stated at cost of acquisition inclusive of inward freight, duties and taxes and incidental expenses relating to acquisition.

3. Investments :

Investments are valued at cost, unless otherwise stated.

4. Inventories :

Stock of shares and securities are valued/stated at cost.

5. Depreciation :

Pursuant to the provisions of Companies Act, 2013 (the Act) becoming effective from 1st April, 2014, the Company has adopted the specified useful life of its Fixed Assets as per Schedule II of the Act.

6. Trading Activities :

Sale and purchase of shares and securities has been accounted for on the basis of actual date of transaction.

7. Income Recognition :

i. Income recognition is based on recognized accounting principles

ii. Income on FMP Mutual Funds recognized on accrual basis

iii. Income on NPAs is recognized only when it is actually realized

iv. Interest on NPAs has not been booked as income, if interest has remained due for more than six months on March 31,2015.

8. Taxation :

Current tax is determined in accordance with the provisions of Income Tax Act, 1961.

Deferred tax has been recognized for all timing differences, subject to consideration of prudence in respect of deferred tax assets.

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Mar 31, 2014

A. The financial statements have been prepared in accordance with the generally accepted accounting principles as well as the requirements of the Companies Act, 1956. Significant policies are as follows:

1. Basis of Accounting :

The accounts are prepared on the accrual concept of accounting under the historical cost convention and on the basis of going concern except service tax which is accounted for on cash receipt & payment basis.

2. Fixed Assets:

Fixed Assets are stated at cost of acquisition inclusive of inward freight, duties and taxes and incidental expenses relating to acquisition.

3. Investments:

Investments are at cost, unless otherwise stated.

4. Inventories:

Stock of shares and securities are valued/stated at cost.

5. Depreciation:

Depreciation on assets is being provided on straight-line method at the rates specified in Schedule XIV of the Companies Act, 1956.

- On pre-rata basis from the date of purchase

- On pro-rata basis to the date of disposal of assets

6. Trading Activities:

Sale and purchase of shares and securities has been accounted for on the basis of actual date of transaction.

7. Income Recognition:

i. Income recognition is based on recognized accounting principles

ii. Income on NPAs is recognized only when it is actually realized

iii. Interest on NPAs has not been booked as income, if interest has remained due for more than six months on March 31, 2014.

8. Taxation :

Current tax is determined in accordance with the provisions of Income Tax Act, 1961.

Deferred tax has been recognized for all timing differences, subject to consideration of prudence in respect of deferred tax assets.

During the period of five years immediately preceding the date of Balance Sheet, the Company has neither issued any shares nor there is any change in Share Capital.

Terms/Rights attached to Equity Shares:

The Company has one class of equity shares having a par value of Rs. 10/- per share. Each holder of equity shares is entitled to one vote per share held and dividend proposed by the Board of Directors subject to the approval of the share holders in the Annual General Meeting. In the event of liquidation, the equity share holders are eligible to receive the remaining assets of the Company, after distribution of the preferential amounts, in proportion to their shareholding.

Terms/Rights attached to Preference Shares :

Preference Shares carry a preferential right in respect of dividends to be paid at fixed rate as may be decided at the the time of their issue by the Board of Directors of the Company. Further, will carry a preferential right to be repaid at the time of repayment of capital in prooportion to their shareholding. Preference shareholders will have voting right in respect of their rights only. At present, the Company has no issued capital under this category.

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Mar 31, 2013

A. The financial statements have been prepared in accordance with the generally accepted accounting principles as well as the requirements of the Companies Act, 1956 Significant policies are as follows:

1. Basis of Accounting :

The accounts are prepared on the accrual concept of accounting under the historical cost convention and on the basis of going concern except service tax which is accounted for on cash receipt & payment basis.

2 Fixed Assets :

Fixed Assets are stated at cost of acquisition inclusive of inward freight, duties and taxes and incidental expenses relating to acquisition.

3. Investments :

Investments are at cost, unless otherwise stated.

4. Inventories :

Stock of shares and securities are valued/stated at cost.

5. Depreciation:

Depreciation on assets is being provided on straight-line method at the rates specified in Schedule XIV of the Companies Act, 1956.

- On pre-rata basis from the date of purchase

- On pro-rata basis to the date of disposal of assets

6. Trading Activities :

Sale and purchase of shares and securities has been accounted for on the basis of actual date of transaction.

7. Income Recognition :

i. Income recognition is based on recognized accounting principles

ii. Income on NPAs is recognized only when it is actually realized

iii. Interest on NPAs has not been booked as income, if interest has remained due for more than six months on March 31, 2013.

8. Taxation :

Current tax is determined in accordance with the provisions of Income Tax Act, 1961.

Deferred tax has been recognized for all timing differences, subject to consideration of prudence in respect of deferred tax assets.

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Mar 31, 2012

A The financial statements have been prepared in accordance with the generally accepted accounting principles as well as the requirements of the Companies Act, 1956 Significant policies are as follows:

1. Basis of Accounting :

The accounts are prepared on the accrual concept of accounting under the historical cost convention and on the basis of going concern except service tax which is accounted for on cas/receipt & payment basis.

2. Fixed Assets :

Fixed Assets are stated at cost of acquisition inclusive of inward freight, duties and taxes and incidental expenses relating to acquisition.

3. Investments :

Investments are at cost, unless otherwise stated.

4. Inventories :

Stock of shares and securities are valued/stated at cost.

5. Depreciation :

Depreciation on assets is being provided on straight-line method at the rates specified in Schedule XIV of the Companies Act, 1956.

- On pre-rata basis from the date of purchase

- On pro-rata basis to the date of disposal of assets

6. Trading Activities :

Sale and purchase of shares and securities has been accounted for on the basis of actual date of transaction.

7. Income Recognition :

i. Income recognition is based on recognized accounting principles

ii. Income on NPAs is recognized only when it is actually realized

iii. Interest on NPAs has not been booked as income, if interest has remained due for more than six months on March 31, 2012.

8. Taxation :

Current tax is determined in accordance with the provisions of Income Tax Act, 1961.

Deferred tax has been recognized for all timing differences, subject to consideration of prudence in respect of deferred tax assets.

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Mar 31, 2010

A The financial statements have been prepared in accordance with the generally accepted accounting principles as well as the requirements of the Companies Act, 1956. Significant policies are as follows :

1. Basis of Accounting :

The accounts are prepared on the accrual concept of accounting under the historical cost convention and on the basis of going concern except service tax which is accounted for on cash receipt & payment basis.

2. Fixed Assets :

fixed Assets are stated at cost of acquisition inclusive of inward freight, duties and taxes and incidental expenses relating o acquisition.

3. Investments :

Investments are at cost, unless otherwise stated.

4. Inventories :

Stock of shares and securities are valued/stated at cost.

5. Depreciation :

Depreciation on assets is being provided on straight-line method at the rates specified in Schedule XIV of the Companies Act, 1956.

- on pro-rata basis from the date of purchase

- on pro-rata basis to the date of disposal of assets.

6. Trading Activities :

Sale and purchase of shares and securities has been accounted for on the basis of actual date of transaction.

7. Income Recognition :

i. Income recognition is based on recognised accounting principles.

ii. Income on NPAs is recognised only when it is actually realised.

iii. Interest on NPAs has not been booked as income, if interest has remained due for more than six months on March 31, 2010. iv. No liability is provided on account of service tax and the same is accounted for on cash basis.

8. Taxation :

Current Tax is determined in accordance with the provisions of Income Tax Act, 1961. Deferred tax has been recognised for all timing differences, subject to consideration of prudence in respect of deferred tax assets.