Accounting Policies of Johnson Pharmacare Ltd. Company

Mar 31, 2025

Basis of preparation

The financial statements of the Company have been prepared in accordance with the 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) Amendment Rules, 2016. The financial statements have been prepared on an accrual
basis and under the historical cost convention. The accounting policies adopted in the preparation of
financial statements are consistent with those of previous year, except for the change in accounting policy
explained below.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles 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 revenue and expenses during the reporting period.
Differences between actual results and estimates are recognised in the period in which the results are known
/ materialised.

Note: 1 Significant Accounting Policies:

a) General:

i) Accounting policies not specifically referred to otherwise are in consistence with earlier year and in
consonance with generally accepted accounting principles.

ii) Expenses and income considered payable and receivable respectively are accounted for on accrual
basis.

b) Valuation of Inventories: There are no Inventories in the company.

c) Fixed assets and depreciation: There are no Fixed Assets in the company.

d) Investments: Investments are valued at cost. In determining cost FIFO method is used.

e) Foreign currency Transactions: There is no foreign currency transaction.

f) Retirement Benefits: Provident fund and employees state insurance scheme contribution is not
applicable to the company.

g) Taxes on Income:

Current Tax: Provision for Income-Tax is determined in accordance with the provisions of Income-
tax Act 1961.

Deferred Tax Provision: Deferred tax is recognized, on timing difference, being the difference between
the taxable incomes and accounting income that originate in one period and are capable of reversal in
one or more subsequent periods.

Note: 13 Balances of Sundry Debtors, Creditors, Loans and Advances are subject to confirmation
and reconciliation.

Note: 14 In the opinion of the Board of directors, the current assets, Loans & advances are
approximately of the value stated if realized in the ordinary course of business. The
provision of all known liabilities is adequate and not in excess of the amount reasonably
necessary.

Note: 15 No Remuneration paid to the directors during the year.

Note: 16 No related party transaction were carried out during the year.

Note: 17 there is no reportable segment as per the contention of the management.

Note: 18 Basic and Diluted Earnings per share (EPS) computed in accordance with Accounting

Standard (AS) 20 “Earning per Share”

Note: 20 previous year figures have been regrouped and recasted wherever necessary.

Note: 21 Other Notes

Additional Regulatory Information pursuant to Clause 6L of General Instructions for preparation of Balance
Sheet as given in Part I of Division II of Schedule III to the Companies Act, 2013, are given hereunder to the
extent relevant and other than those given elsewhere in any other notes to the Financial Statements.

a. During the year ended March 31, 2025 and March 31, 2024, the Company has not advanced or loaned or
invested funds (either borrowed funds or share premium or kind of funds) to any other person(s) or
entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or
otherwise) that the Intermediary shall:

i) directly or indirectly lend or invest in other persons or entities identified in any manner
whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or

ii) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

Further, during the year ended March 31, 2025 and March 31, 2024, the Company has not received
any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the
understanding (whether recorded in writing or otherwise) that the Company shall: i) directly or
indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on

behalf of the Funding Party (Ultimate Beneficiaries) or ii) provide any guarantee, security, or the
like on behalf of the ultimate beneficiaries.

b. The Company has not invested or traded in Crypto Currency or Virtual Currency during the year ended
March 31, 2025 (Previous: NIL)

c. No proceedings have been initiated on or are pending against the Company for holding benami property
under the Prohibition of Benami Property Transactions Act, 1988 (as amended in 2016) (formerly the
Benami Transactions (Prohibition) Act, 1988 (45 of 1988)) and Rules made thereunder during the year
ended March 31, 2025 (Previous year: Nil).

d. The Company has not been declared Willful Defaulter by any bank or financial institution or government
or any government authority during the year ended March 31, 2025 (Previous year: Nil).

e. The Company has not surrendered or disclosed as income any transactions not recorded in the books of
accounts in the course of tax assessments under the Income Tax Act, 1961 (such as, search or survey or any
other relevant provisions of the Income Tax Act, 1961) during the year ended March 31, 2025 (Previous
year: Nil).

f. The Company does not have any transactions with the companies struck off under section 248 of the
Companies Act, 2013 or section 560 of the Companies Act, 1956 during the year ended March 31, 2025
(Previous year: Nil).

g. The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act
read with the Companies (Restriction on number of Layers) Rules, 2017.

Signature to Notes ‘1’ to ‘21’

As per our report on even date

FOR, RISHI SEKHRI & ASSOCIATES FOR & ON BEHALF OF THE BOARD

CHARTERED ACCOUNTANTS
FIRM NO: 128216W

CA RISHI SEKHRI RAMANLAL TRIVEDI MANISHA PATEL

PARTNER DIRECTOR DIRECTOR

M. No. 126656 DIN: 01658705 DIN: 08482812

UDIN:25126656NKZTEK8657

PLACE: MUMBAI
DATE : 23.05.2025

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Mar 31, 2024

Note: 14 Significant Accounting Policies:

a) General:

i) Accounting policies not specifically referred to otherwise are in consistence with earlier year and in consonance with generally accepted accounting principles.

ii) Expenses and income considered payable and receivable respectively are accounted for on accrual basis.

b) Valuation of Inventories: There are no Inventories in the company.

c) Fixed assets and depreciation: There are no Fixed Assets in the company.

d) Investments: Investments are valued at cost. In determining cost FIFO method is used.

e) Foreign currency Transactions: There is no foreign currency transaction.

f) Retirement Benefits: Provident fund and employees state insurance scheme contribution is not applicable to the company.

g) Taxes on Income:

Current Tax: Provision for Income-Tax is determined in accordance with the provisions of Income-tax Act 1961.

Deferred Tax Provision: Deferred tax is recognized, on timing difference, being the difference between the taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

Note: 15 Balances of Sundry Debtors, Creditors, Loans and Advances are subject to confirmation and reconciliation.

Note: 16 In the opinion of the Board of directors, the current assets, Loans & advances are approximately of the value stated if realized in the ordinary course of business. The provision of all known liabilities is adequate and not in excess of the amount reasonably necessary.

Note: 17 No Remuneration paid to the directors during the year.

Note: 18 No related party transaction were carried out during the year.

Note: 19 there is no reportable segment as per the contention of the management.

Note: 20 Basic and Diluted Earnings per share (EPS) computed in accordance with Accounting Standard (AS) 20 “Earning per Share”

Note: 22 previous year figures have been regrouped and recasted wherever necessary.

Note: 23 Other Notes

Additional Regulatory Information pursuant to Clause 6L of General Instructions for preparation of Balance Sheet as given in Part I of Division II of Schedule III to the Companies Act, 2013, are given hereunder to the extent relevant and other than those given elsewhere in any other notes to the Financial Statements.

a. During the year ended March 31, 2024 and March 31, 2023, the Company has not advanced or loaned or invested funds (either borrowed funds or share premium or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the nderstanding (whether recorded in writing or otherwise) that the Intermediary shall:

i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or

ii) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

Further, during the year ended March 31, 2024 and March 31, 2023, the Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall: i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or ii) provide any guarantee, security, or the like on behalf of the ultimate beneficiaries.

b. The Company has not invested or traded in Crypto Currency or Virtual Currency during the year ended March 31, 2024 (Previous: NIL)

c. No proceedings have been initiated on or are pending against the Company for holding benami property under the Prohibition of Benami Property Transactions Act, 1988 (as amended in 2016) (formerly the Benami

Transactions (Prohibition) Act, 1988 (45 of 1988)) and Rules made thereunder during the year ended March 31, 2024 (Previous year: Nil).

d. The Company has not been declared Wilful Defaulter by any bank or financial institution or government or any government authority during the year ended March 31, 2024 (Previous year: Nil).

e. The Company has not surrendered or disclosed as income any transactions not recorded in the books of accounts in the course of tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961) during the year ended March 31, 2024 (Previous year:

Nil).

f. The Company does not have any transactions with the companies struck off under section 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956 during the year ended March 31, 2024 (Previous year: Nil).

g. The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017.

Signature to Notes ‘1’ to ‘23’

As per our report on even date

FOR, RISHI SEKHRI & ASSOCIATES FOR & ON BEHALF OF THE BOARD

CHARTERED ACCOUNTANTS FIRM NO: 128216W

RAMANLAL

CA RISHI SEKHRI TRIVEDI MANISHA PATEL

PARTNER DIRECTOR DIRECTOR

M. No. 126656 DIN: 01658705 DIN: 08482812

UDIN:23126656BGWLZ01058

PLACE: MUMBAI DATE : 25.05.2024

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Mar 31, 2015

(A) SYSTEM OF ACCOUNTING: The Company has adopted the accrual basis of accounting in the Preparation of the books of accounts.

(B) REVENUE RECOGNITION

(a) Sales: Sales are accounted for on accrual basis.

(b) Other Operation: Interest and other income are accounted for on accrual basis.

(C) EXPENSES: It is Company's policy to account of expenses on accrual basis.

(D) TAXATION:

(i) Provision for current tax is made in the accounts on the basis of tax liability estimated as per the applicable provisions of the Income Tax Act, 1961.

(ii) Deferred tax for timing differences between tax profits and book profits is accounted for using the tax rates and laws that have been enacted or substantially enacted as of the Balance Sheet date.

(E) INVENTORIES: The Company does not have inventory.

(F) FIXED ASSETS: Fixed assets are carried at cost of acquisition or construction including incidental expenses related to acquisition and installation on concerned assets, less accumulated depreciation and amortizations.

(G) INVESTMENTS: Long term investments are stated at cost. Provision for diminution in the value of long term investment is made only if such decline is other than temporary in the opinion of the management.

(H) RETIREMENT BENEFITS: No provision for retirement benefits for employees has been made since the Gratuity Act and Provident Fund Act are not applicable to the Company.

(I) MISCELLANEOUS EXPENDITURE: Preliminary Expenses are written down over a period of 5 years.

(J) CONTINGENT LIABILITY: A Demand of I. Tax of Rs. 23371296/- is pending for the A.Y. 1996-07 against the company on account of disallowance of bad debts. Aggrieved by the order, an appeal is filed before the Tribunal. The said Appeal is yet pending for disposal. The company is hopeful of getting a favorable decision from the Appellate authorities.

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Mar 31, 2014

(A) SYSTEM OF ACCOUNTING: The Company has adopted the accrual basis of accounting in the Preparation of the books of accounts.

(B) REVENUE RECOGNITION:

(a) Sales: Sales are accounted for on accrual basis.

(b) Other Operation: Interest and other income are accounted for on accrual basis.

(C) EXPENSES: It is Company''s policy to account of expenses on accrual basis.

(D) TAXATION:

(i) Provision for current tax is made in the accounts on the basis of tax liability estimated as per the applicable provisions of the Income Tax Act, 1961.

(ii) Deferred tax for timing differences between tax profits and book profits is accounted for using the tax rates and laws that have been enacted or substantially enacted as of the Balance Sheet date.

(E) INVENTORIES: The Company does not have inventory.

(F) FIXED ASSETS: Fixed assets are carried at cost of acquisition or construction including incidental expenses related to acquisition and installation on concerned assets, less accumulated depreciation and amortizations.

(G) DEPRECIATION: Depreciation has been provided on Written Down Value Method in accordance with the provision of Section 205(2)(b) of the Companies Act, 1956 at the rate prescribed in Schedule XIV of the Companies Act, 1956 on pro rata basis with reference to the date of acquisition/installation.

(H) INVESTMENTS: Long term investments are stated at cost. Provision for diminution in the value of long term investment is made only if such decline is other than temporary in the opinion of the management.

(I) RETIREMENT BENEFITS: No provision for retirement benefits for employees has been made since the Gratuity Act and Provident Fund Act are not applicable to the Company and the company has adopted PAY-AS- YOU-GO method for the payment of other retirement benefits if any payable to the Employees.

(J) MISCELLANEOUS EXPENDITURE: Preliminary Expenses are written down over a period of 5 years.

(K) CONTINGENT LIABILITY: A Demand of I. Tax of Rs. 23371296/- is pending for the A.Y. 1996-07 against the company on account of disallowance of bad debts. Aggrieved by the order, an appeal is filed before the Tribunal. The said Appeal is yet pending for disposal. The company is hopeful of getting a favorable decision from the Appellate authorities.

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Mar 31, 2013

(1) The Accounts are prepared on an accrual basis except otherwise stated and under the historical cost conventions, and are in line with the relevant laws as well as the guidelines prescribed by the Department of Company affairs and the Institute of Chartered Accountants of India.

(A) SYSTEM OF ACCOUNTING: The Company has adopted the accrual basis of accounting in the Preparation of the books of accounts.

(B) REVENUE RECOGNITION:

(a) Sales: Sales are accounted for on accrual basis.

(b) Other Operation: Interest and other income are accounted for on accrual basis.

(C) EXPENSES: It is Company''s policy to account of expenses on accrual basis.

J '' *-

(D) TAXATION:

(i) Provision for current tax is made in the accounts on the basis of tax liability estimated as per the applicable provisions of the Income Tax Act, 1961.

(ii) Deferred tax for timing differences between tax profits and book profits is accounted for using the tax rates and laws that have been enacted or substantially enacted as of the Balance Sheet date.

(E) INVENTORIES: The Company does not have Inventory.

(F) FIXED ASSETS: Fixed assets are carried at cost of acquisition or construction including incidental expenses related to acquisition and installation on concerned assets, less accumulated depreciation and amortizations.

(G) DEPRECIATION: Depreciation has been provided on Written Down Value Method in accordance with the provision of Section 205(2)(b) of the Companies Act, 1956 at the rate prescribed in Schedule XIV of the Companies Act, 1956 on pro rata basis with reference to the date of acquisition/installation.

(H) INVESTMENTS: Long term investments are stated at cost. Provision for diminution in the value of long term f investment is made only if such decline is other than temporary in the opinion of the management.

(I) RETIREMENT BENEFITS: No provision for retirement benefits for employees has been made since the Gratuity Act and Provident Fund Act are not applicable to the Company and the company has adopted PAY-AS- YOU-GO method for the payment of other retirement benefits if any payable to the Employees.

(J) MISCELLANEOUS EXPENDITURE: Preliminary Expenses are written down over a period of 5 years.

(K) CONTINGENT LIABILITY: A Demand of I. Tax of Rs. 23371296/- is pending for the A.Y. 1996-07 against the company on account of disallowance of bad debts. Aggrieved by the order, an appeal is filed before the Tribunal. The said Appeal is yet pending for disposal. The company is hopeful of getting a favorable decision from the Appellate authorities.

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Mar 31, 2010

(1) The Accounts are prepared on an accrual basis except otherwise stated and under the historical cost conventions, and are in line with the relevant laws as well as the guidelines prescribed by the Department of Company affairs and the Institute of Chartered Accountants of India.

(A) SYSTEM OF ACCOUNTING

The Company has adopted the accrual basis of accounting in the Preparation of the books of accounts.

(B) REVENUE RECOGNITION

(a) Sales

Sales are accounted for on accrual basis.

(b) Other Operation

Interest and other income are accounted for on accrual basis.

(C) EXPENSES

It is Companys policy to account of expenses on accrual basis.

(D) TAXATION

(i) Provision for current tax is made in the accounts on the basis of tax liability estimated as per the applicable provisions of the Income Tax Act, 1961.

(ii) Deferred tax for timing differences between tax profits and book profits is accounted for using the tax rates and laws that have been enacted or substantially enacted as of the Balance Sheet date.

(E) INVENTORIES

The Company does not have inventory.

(F) FIXED ASSETS

Fixed assets are carried at cost of acquisition or construction including incidental expenses related to acquisition and installation on concerned assets, less accumulated depreciation and amortizations.

(G) DEPRECIATION

Depreciation has been provided on Written Down Value Method in accordance with the provision of Section 205(2)(b) of the Companies Act, 1956 at the rate prescribed in Schedule XIV of the Companies Act, 1956 on pro rata basis with reference to the date of acquisition/installation.

(H) INVESTMENTS

Long term investments are stated at cost. Provision for diminution in the value of long term investment is made only if such decline is other than temporary in the opinion of the management.

(I) RETIREMENT BENEFITS

No provision for retirement benefits for employees has been made since the Gratuity Act and Provident Fund Act are not applicable to the Company and the company has adopted PAY-AS- YOU-GO method for the payment of other retirement benefits if any payable to the Employees.

(J) MISCELLANEOUS EXPENDITURE

Preliminary Expenses are written down over a period of 5 years.

(K) Contingent Liability

A Demand of I. Tax of Rs. 23371296/- is pending for the A.Y. 1996-07 against the company on account of disallowance of bad debts. Aggrieved by the order, an appeal is filed before the Tribunal. The said Appeal is yet pending for disposal. The company is hopeful of getting a favorable decision from the Appellate authorities.

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Mar 31, 2009

(1) The Accounts are prepared on an accrual basis except otherwise stated and under the historical cost conventions, and are in line with the relevant laws as well as the guidelines prescribed by the Department of Company affairs and the Institute of Chartered Accountants of India.

(A) SYSTEM OF ACCOUNTING

The Company has adopted the accrual basis of accounting in the Preparation of the books of accounts.

(B) REVENUE RECOGNITION

(a) Sales

Sales are accounted for on accrual basis.

(b) Other Operation

Interest and other income are accounted for on accrual basis.

(C) EXPENSES

It is Companys policy to account of expenses on accrual basis.

(D) TAXATION

(i) Provision for current tax is made in the accounts on the basis of estimated tax liability as per the applicable provisions of the Income Tax Act, 1961.

(ii) Deferred tax for timing differences between tax profits and book profits is accounted for using the tax rates and laws that have been enacted or substantially enacted as of the Balance Sheet date.

(E) INVENTORIES

The Company does not have inventory.

(F) FIXED ASSETS

Fixed assets are carried at cost of acquisition or construction including incidental expenses related to acquisition and installation on concerned assets, less accumulated depreciation and amortizations.

(G) DEPRECIATION

Depreciation has been provided on Written Down Value Method in accordance with the provision of Section 205(2)(b) of the Companies Act, 1956 at the rate prescribed in Schedule XIV of the Companies Act, 1956 on pro rata basis with reference to the date of acquisition/installation.

(H) INVESTMENTS

Long term investments are stated at cost. Provision for diminution in the value of long term investment is made only if such decline is other than temporary in the opinion of the management.

(I) RETIREMENT BENEFITS

No provision for retirement benefits for employees has been made Since the Gratuity Act Provident Fund Act not applicable to the Company and the company has adopted PAY-AS-YOU-GO method for the payment of other retirement benefits if any payable to the Employees.

(J) MISCELLANEOUS EXPENDITURE

Preliminary Expenses are written down over a period of 5 years.

(K) Contingent Liability

A Demand of I. Tax of Rs. 23371296/- is pending for the A.Y. 1996-07 against the company On account of disallowance of bad debts. Aggrieved by the order a appeal is filed before the CIT(A). The said Appeal is yet pending for disposal . The company is hopeful of getting a favorable decision from the Appellate authorities.

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Mar 31, 2002

The accounts are prepared in accordance with the accounting principles accepted in India. The Significant accounting policies to the extent applicable to the company are as under:-

1. SYSTEM OF ACCOUNTING :

The Financial statements are prepared on the basis of historical cost convention on accrual basis and on going concern basis.

2. REVENUE RECOGNITION :

All known expenditure and income to the extent payable or receivable respectively and quantifiable till the date of finalisation of accounts are accounted on accrual basis.

3. FIXED ASSETS :

Fixed assets are carried at cost of acquisition or construction including incidential expenses releted to acquisition and installation on concerned assets, less acumulated depreciation and amortisation.

4. DEPRECIATION :-

Depreciation has been provided on Written Down Value method in accordance with the provision of Section 205(2)(b) of the Companies Act, 1956 at the rate prescribed in Schedule XIV of the Companies Act, 1956 on prorata basis with reference to the date of acquuisition/installation.

5. INVESTMENTS

Long term investments are stated at cost. Provision for dimulation in the value of long term investment is made only if such decline is other than temporary in the opinon of the management.

6. VALUATION OF INVENTORIES

Stock in trade : At cost or Market value which ever is less.

7. RETIREMENT BENEFITS

No provision for retirements benefits for employees has been made since the Gratuity Act. Provident Fund Act not applicable to the company. And the company has adopted PAY- AS-YOU-GO method for the payment of other retirement benefits If any payable to the employees.

8. MISCELLANEOUS EXPENDITURE

(a) Preliminary Expenses : In accordance with the provisions of section 35D of the Income Tax Act 1961, the company has written of 1/10 of Preliminary expenses,

(b) Public Issue Expenses : Public issue expenditures to be amortised over a period of ten years from the year in whic public issue held.