Accounting Policies of Jay Bee Laminations Ltd. Company

Mar 31, 2025

A Corporate Information

The Financial Statements are for Jay Bee Laminations Limited incorporated in the year 1988 having the CIN Number
L22222DL1988PLC031038.The company is primarily engaged in the business of manufacturing of CRGO silicon Electrical steel stamping/
parts of transformers. The company has it registered office in the state of Delhi. The Financial Statements have been prepared for the
period from 1st April 2024 to 31st March 2025.

B Significant Accounting Policies

(i) Basis of Preparation: -

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in India
(Indian GAAP). The company has prepared these financial statements to comply in all material respects with the accounting standards
notified under section 133 of the Companies Act 2013, read together with paragraph 7 of the Companies (Accounts) Rules 2014
and Companies (Accounting Standards) Rules, 2021. The financial statements have been prepared on an accrual basis and under the
historical cost convention. The accounting Policies are consistent with that followed in the previous year.

(ii) Use of Estimates

The preparation of the financial statements requires estimates and assumptions to be made that affect the reported amount
of assets and liabilities on the date of the financial statements and the reported amount of revenues and expenses during the
reporting period. Difference between the actual results and estimates are recognised in the period in which the results are known /
materialised.

(iii) Property, Plant and Equipment and Capital Work in Progress: -

Plant, Property & Equipment are to be stated at cost of acquisition less depreciation upto the current financial year as per the useful
life under schedule III to the companies Act 2013. The Company capitalizes all direct costs including taxes (Net of eligible Input Tax
Credit), duties, freight and incidental expenses directly attributable to the acquisition and installation of assets for ready for use, as
intended by the management.

All direct expenses incurred for acquiring, erecting and commissioning of Property Plant and Equipments, which are not ready for put
into use, are shown under the head "Capital Work-in-Progress". Subsequent expenditures relating to property, plant and equipment is
capitalized only when it is probable that future economic benefits associated with these will flow to the Company and the cost of the
item can be measured reliably. Advances paid towards the acquisition of property,plant and equipment outstanding at each Balance
Sheet date is classified as "Capital Advances" under Long Term Loans and Advances.

(iv) Depreciation and Amortisation: -

Depreciation has been provided on written down value method consistent with the Company''s accounting policies and in
accordance with the provision of the Companies Act,2013, at the useful life specified in Schedule III thereof. Leasehold Land are
amortised over the lease period and software over the three-vear period.

(^v) Revenue Recognition: -

Revenue is recognized on transfer of property in goods to customers. 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.

Interest income is recognized on a time proportion basis taking into account the amount outstanding and the applicable interest
rate. Interest income is included under the head ''other income'' in the statement of profit and loss.

(vi) Investments: -

Non Current Investments are stated at cost. Provision for diminution is made when there is permanent fall in valuation of
Non-Current investment. Current Investments comprising investment in Mutual Funds, are stated at lower of cost or Quoted/Fair value.

(vii) Inventories: -

Inventories are valued at lower of cost or net realisable value. The cost is determined using FIFO basis. Cost of Inventory comprise
of costs of purchase (including duties & taxes, freights), costs of conversion and other costs incurred in bringing the inventories to their
present location and condition.

(viii) Foreign Currency Transaction :

a) Conversion

Foreign currency monetary items are reported using the closing rate. Non-monetary items, which are carried in terms of
historical cost denominated in a foreign currency are reported using the exchange rate at the date of the transaction.

b) Exchange Differences

Exchange differences arising on the settlement or reporting of monetary items at rates different from those at which they were
initially recorded during the year, or reported in previous Standalone financial statement, are recognized as income or expense in the
Statement of Profit and Loss.

(ix) Borrowing Costs: -

Borrowing costs are treated as period costs and charged to profit and loss account in the year in which they are incurred.

(x) Impairment of Assets : -

Any impairment loss is recognized to the extent, the carry amount of assets exceeds their recoverable amount if recoverable amount
is higher of an assets'' net selling price and its value in use. Value in use is the present value of estimated future cash flow expected
to arise from the continued use of an assets and form its disposal at the end of its usefui life.

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Mar 31, 2024

27 Significant Accounting policies and Additional Note to Accounts annexed to and form part of the Financial Statements for the year ended March 31, 2024.A Corporate Information

The Financial Statements are for Jay bee Laminations Limited incorporated in the year 1988 having the CIN Number U22222DL1988PLC031038. The company is primarily engaged in the business of manufacturing of CRGO silicon Electrical steel stamping/parts of transformers. The company has it registered office in the state of Delhi. The Financial Statements have been prepared for the year from 1 st April 2023 to 31st March 2024.

B Significant Accounting Policies

(i) Basis of Preparation: -

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in India (Indian GAAP). The company has prepared these financial statements to comply in all material respects with the accounting standards notified under section 133 of the Companies Act 2013, read together with paragraph 7 of the Companies (Accounts} Rules 2014 and Companies (Accounting Standards) Rules, 2021. The financial statements have been prepared on an accrual basis and under the historical cost convention. The accounting Policies are consistent with that followed in the previous year.

(ii) Use of Estimates: -

The preparation of the financial statements requires estimates and assumptions to be made that affect the reported amount of assets and liabilities on the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Difference between the actual results and estimates are recognised in the period in which the results are known / materialised.

(iii) Property, Plant and Equipment and Capital Work in Progress: -

Plant, Property & Equipment are to be stated at cost of acquisition less depreciation upto the current financial year as per the useful life under schedule III to the companies Act 2013. The Company capitalizes all direct costs including taxes (Net of eligible Input Tax Credit), duties, freight and incidental expenses directly attributable to the acquisition and installation of assets for ready for use, as intended by the management.

All direct expenses incurred for acquiring, erecting and commissioning of Property Plant and Equipments, which are not ready for put into use, are shown under the head “Capital Work-in-Progress”. Subsequent expenditures relating to property, plant and equipment is capitalized only when it is probable that future economic benefits associated with these will flow to the Company and the cost of the item can be measured reliably. Advances paid towards the acquisition of property, plant and equipment outstanding at each Balance Sheet date is classified as "Capital Advances" under Long Term Loans and Advances.

(iv) Depreciation and Amortisation: -

Depreciation has been provided on written down value method consistent with the Company''s accounting policies and in accordance with the provision of the Companies Act,2013, at the useful life specified in Schedule III thereof. Leasehold Land are amortised over the lease period.

(v) Revenue Recognition: -

Revenue is recognized on transfer of property in goods to customers. 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.

Interest income is recognized on a time proportion basis taking into account the amount outstanding and the applicable interest rate. Interest income is included under the head ‘other income’ in the statement of profit and loss.

(vi) Investments : -

Non Current Investments are stated at cost. Provision for diminution is made when there is permanent fall in valuation of Non Current investment. Current Investments comprising investment in Mutual Funds, are stated at lower of cost or Quoted / Fair value.

(vii) Inventories: -

Inventories are valued at lower of cost or net realisable value. The cost is determined using FIFO basis. Cost includes all costs that have been incurred to bring the inventories to its location and includes direct expenses such as custom duty, clearing charges and transportation upto warehouse.

(viii) Foreign Currency Transaction: -

a) Conversion

Foreign currency monetary items are reported using the closing rate. Non-monetary items, which are carried in terms of historical cost denominated in a foreign currency are reported using the exchange rate at the date of the transaction.

b) Exchange Differences

Exchange differences arising on the settlement or reporting of monetary items at rates different from those at which they were initially recorded during the year, or reported in previous Standalone financial statement, are recognized as income or expense in the Statement of Profit and Loss.

(ix) Borrowing Costs: -

Borrowing costs are treated as period costs and charged to profit and loss account in the year in which they are incurred.

(x) Impairment of Assets: -

Any impairment loss is recognized to the extent, the carry amount of assets exceeds their recoverable amount if recoverable amount is higher of an assets'' net selling price and its value in use. Value in use is the present value of estimated future cash flow expected to arise from the continued use of an assets and form its disposal at the end of its useful life.

(xi) Provision, Contingent Liabilities and Contingent Assets: -

Provisions involving substantial degree of estimation in measurement are recognised when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources. Contingent liabilities are not recognised but are disclosed in the notes.

Contingent liability is disclosed in case of:

(a) a present obligation arising from past events, when it is not probable that an outflow of resources will be required to settle the obligation,

(b) a present obligation arising from past events, when no reliable estimate is possible,

(c) a possible obligation arising from past events where the probability of outflow of resources is not remote. Contingent Assets are neither recognised nor disclosed in the Standalone financial statements.

(xii) Segment Information: -

Based on the principles for determination of segments given in Accounting Standard 17 “Segment Reporting” issued by accounting standard notified by Companies (Accounting Standard) Rules, 2008, the company is mainly engaged in the activity surrounded with main business of the Company hence there is no reportable segment.

(xiii) Income Tax: -

The current, deferred and Provision for tax is calculated in accordance with the provision of Income Tax Act, 1961.