Accounting Policies of Invicta Diagnostic Ltd. Company

Mar 31, 2025

1. Corporate Information

Invicta Diagnostic Limited (Formerly known as Invicta Diagnostic Private Limited)

is a Public Limited Company incorporated under Companies Act, 2013 on 1st

December, 2023. The objective of this entity is to carry on the business of Medical &

Diagnostic. Invicta Diagnostic Private Limited, a Private Limited Company has been

converted into Public Limited Company on 02nd July, 2024.

2. Basis of Preparation

a. The accompanying financial statements have been prepared'' under the historical
cost convention, on the accrual basis of accounting in accordance with the
generally accepted accounting policies and comply with the accounting standards
specified under section 133 of the Companies Act,2013 read with Rule 7 of
Companies (Accounts) Rules, 2014 and the relevant provisions of the Companies
Act,2013.

b. Accounting policies not specifically referred to otherwise are consistent and in
consonance with generally accepted accounting principles.

c. The Accounts of the Company has been prepared for the period from 01st April,
2024 to 31^st March, 2025.

d. All Assets and Liabilities have been classified as ''current'' and ''non-current'' as per
Company’s normal operating cycle and other criteria set out in the Schedule III to
the Companies Act, 2013.

2.1 Summary of significant accounting policies

A. Revenue Recognition: Revenue is recognized on the accrual basis when there is no
uncertainty as to its ultimate collectible.

B. Depreciation: The Company has provided Depreciation on tangible fixed assets
on the reducing balance method as per the rates calculated based on useful lives
specified under the Companies Act, 2013.

C. Investment: All investments are stated at cost.

D. In the opinion of the Board, the Current Assets have a value on realization in the
ordinary course of business at least equal to the amount at which they are stated.
The provisions for all the known liabilities have been made and are not in excess
of the amount considered necessary.

E. Inventories : Inventories of Goods are valued at "cost price" or "market price"
whichever is lower.

E. Earning Per Share: Basic EPS are calculated by dividing the net profit or loss for
the period attributed to equity shareholders (after deducting attributable taxes) by
the weighted average number of equity shares outstanding during the period.

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Mar 31, 2024

2.1 Summary of significant accounting policies

(A) Revenue Recognition

Revenue is recognized on the accrual basis when there is no uncertainty as to its ultimate
collectible.

(B) Property. Plant and Equipment

On conversion, the company has retrospectively restated the historical depreciation from the date of
acquisition of the Fixed Assets by Invicta Diagnostic LLP, as per Companies Act, 2013. The variation
arising from the restatement was transferred to the Asset Revaluation Reserve

Depreciation

The Company has provided Depreciation on tangible fixed assets on the reducing balance method as
per the rates calculated based on useful lives specified under the Companies Act, 2013.

(C) Investment

All investment are stated at cost.

In the opinion of the Board, the Current Assets have a value on realization in the ordinary course of

(D) business atleast equal to the amount at which they are stated. The provisions for all the known
liabilities have been made and are not in excess of the amount considered necessary.

(E) Inventories

Inventories of Finished Goods are valued at "cost price" or "market price" whichever is lower.

(F) Taxation

Provision for current tax is made as per book of account and those as per applicable Income Tax
Act, 1961.

Differed Tax for timing difference between the book profit and the tax profits for the year is

ii) accounted for using the tax rates and laws that have been substantively enacted and applicable as
of the Balance Sheet date.

Deferred Tax assets arising from timing differences are recognized and carried forward only if there

iii) is reasonable certainty that they will be realized in future and reviewed for appropriateness of the
respective carrying value as at the balance sheet date.

. . Deferred Tax Liability arising at the time of conversion is reduced from the Asset Revaluation
'' Reserve.

(G) Earning Per Share

Basic EPS are calculated by dividing the net profit or loss for the period attributed to equity
shareholders (after deducting attributable taxes) by the weighted average number of equity shares
outstanding during the period.

(H) Since it is First Year of Operation, Previous Year Figures have not been provided