Accounting Policies of Rajasthan Securities Ltd. Company

Mar 31, 2025

(A) CORPORATE INFORMATION

Rajasthan Gases Limited (''the Company'') is a public limited Company domiciled in India and
incorporated on August 27,1993 under the provisions of the Companies Act, 1956 having its
registered office at Amarvilla, Shyam Talkies, Road, Agrashan Chowk, Gandhibagh Nagpur-
440 018. The Company is listed on BSE Ltd.

(B) BASIS OF PREPARATION OF FINANCIAL STATEMENTS

These financial statements are prepared in accordance with Indian Accounting Standard (Ind
AS), under the historical cost convention on accrual basis except for certain financial
instruments which are measured at fair values, the provisions of the Companies Act, 2013
("the Act") (to the extent notified) and guidelines issued by the Securities and Exchange Board
of India (SEBI). The Ind AS are prescribed under Section 133 of the Act read with Rule 3 of the
Companies (Indian Accounting Standards) Rules, 2015 and relevant amendment rules issued
thereafter. As prescribe in Schedule III of Companies Act, 2013, the company has rounded off
the figures appearing in the financial statement to the nearest “Lacs" except EPS.

(C) CRITICAL ACCOUNTING POLICIES

(1) Current versus Non-Current classification

All assets and liabilities have been classified as current or non-current as per the
Company''s normal operating cycle and other criteria set out in the Schedule to the
Companies Act, 2013.

(2) Property, Plant and Equipments and Intangible Assets

(a) Company does not have any property, plant and equipments, intangible assets
and investment Property; Hence revaluation provisions not applicable.

(b) In the opinion of the management, Company does not hold any Benami property
as defined under the “Benami Transactions (Prohibition) Act, 1988 and Rules
made there under, No proceedings have been initiated or are pending against the
company for holding any Benami property under the “Benami Transactions
(Prohibition) Act, 1988 and Rules made there under.

(c) Company does not have any assets (other than property where company is
lessee and the lease agreements are duly executed in favour of lessee) whose
title deeds are not held in the name of company.

(d) Company does not have any intangible assets under development.

(e) Company does not have any capital work-in-progress.

(3) Recognition of Income and Expenditure

Revenues/Incomes and Costs/Expenditure are generally accounted on accrual, as
they are earned or incurred.

(4) Employee Benefits:

Short term Employee benefits

Liabilities for wages and salaries, including non monetary benefits that are expected to
be settled wholly within twelve months after the end of the period in which the
employees render the related services are recognized in respect of employee service
up to the end of the reporting period and are measured at the amount expected to be
paid when the liabilities are settled. The liabilities are presented as current employee
benefit obligations in the balance sheet.

(5) Taxation:

Provision for Current tax is made according to the provisions of the Income tax Act,
1961.

Deferred tax is recognized as the tax effect of timing differences being the differences
between taxable incomes and accounting income that originated in one period and is
capable of reversal in one or more subsequent period.

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Mar 31, 2023

(C) CRITICALACCOUNTING POLICIES

(1) Current versus Non-Current classification

All assets and liabilities have been classified as current or non-current as per the

Company''s normal operating cycle and other criteria set out in the Schedule to the

CompaniesAct, 2013.

(2) Property, Plant and Equipments and IntangibleAssets

(a) Company does not have any property, plant and equipments, intangible assets and investment Property; Hence revaluation provisions not applicable.

(b) In the opinion of the management Company does not hold any Benami property as defined under the "Benami Transactions (Prohibition) Act, 1988 and Rules made there under, No proceedings have been initiated or are pending against the company for holding any Benami property under the "Benami Transactions (Prohibition)Act, 1988 and Rules made there under.

(c) Company does not have any assets (other than property where company is lessee and the lease agreements are duly executed in favour of lessee) whose title deeds are not held in the name of company.

(d) Company does not have any intangible assets underdevelopment.

(e) Company does not have any capital work-in-progress.

(3) Recognition of Income and Expenditure

Revenues/Incomes and Costs/Expenditure are generally accounted on accrual, as they are earned or incurred.

(4) Employee Benefits:

Short term Employee benefits

Liabilities for wages and salaries, including non monetary benefits that are expected to be settled wholly within twelve months after the end of the period in which the employees render the related services are recognized in respect of employee service up to the end of the reporting period and are measured at the amount expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit obligations in the balance sheet.

(5) Taxation:

No Provision for Current tax is made as the management does not envisage any tax liability according to the provisions of the Income taxAct, 1961.

Deferred tax is recognized as the tax effect of timing differences being the differences between taxable incomes and accounting income that originated in one period and is capable of reversal in one or more subsequent period.

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Mar 31, 2015

(a) Basis of Accounting

The accompanying Financial Statements have been prepared to comply in all material aspects with the mandatory Accounting Standards ('AS') issued by the Institute of Chartered Accountants of India ('ICAI'). The company has consistently applied the Accounting policies and is consistent with those used in the previous year. The Company generally follows mercantile system of Accounting recognizing both Income & Expenditure on accrual basis.

(b) Accounting Assumptions

The accounts are prepared on historical cost convention and as a going concern, accounting policies, not specifically referred to otherwise, are consistent with generally accepted accounting principles, unless otherwise stated.

(c) Use of estimates

The preparation of financial statements requires management to make estimates and assumptions that affect the reported statements of assets and liabilities, the disclosure of contingent liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the period reported. Actual results could differ from these estimates and assumptions. Any revision to accounting estimates is recognized prospectively in the current and future periods.

(d) Fixed Assets:

Fixed Assets are stated at cost less accumulated depreciation. Costs includes cost of acquisition and subsequent improvements thereto including borrowing costs, all relevant levies and other incidental expenses incurred to bring the assets to its present location and condition.

(e) Event occurring after Balance Sheet Date

No material events have occurred after the balance sheet date.

(f) Impairment of Assets:

Management periodically assesses using, external and internal sources, whether there is an indication that an asset may be impaired. Impairment occurs where the carrying value exceeds the present value of future cash flows expected to arise from the continuing use of the asset and its eventual disposal. The impairment loss to be expensed is determined as the excess of the carrying amount over the higher of the asset's net sales price or present value as determined above. During the year under consideration, there was no indication, either internal or external as to the impairment of any of the assets.

(g) Contingent Liabilities

Based on the information available, no contingent liabilities have been ascertained at the end of the year. Therefore, no provision for any contingent liability has been provided.

(h) The Company is a Small and Medium Sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 1956. Accordingly, the Company has complied with the Accounting Standards as applicable to a Small and Medium Sized Company.

(i) There was no employee of the company drawing the remuneration of Rs. 6000000/- or more P.A., if employed for whole of the year, or Rs. 500000/- or more P.M., if employed for part of the year.

(I) In opinion of the Board of Directors, the aggregate value of current assets, loans & advances on realization in ordinary course of business shall not be less than the amount at which these are stated in the Balance Sheet.

(m) Cash flow are reported using the indirect method as specified in AS - 3 issued by the Institute of Chartered Accountants of India, thereby profit after tax is adjusted for the effects of transactions of a non- cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows from operating, financing and investing activities of the company are segregated.

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Mar 31, 2014

(a) Basis of Accounting

The accompanying Financial Statements have been prepared to comply in all material aspects with the mandatory Accounting Standards (''AS'') issued by the Institute of Chartered Accountants of India (''ICAI''). The company has consistently applied the Accounting policies and is consistent with those used in the previous year. The Company generally follows mercantile system of Accounting recognizing both Income & Expenditure on accrual basis.

(b) Accounting Assumptions

The accounts are prepared on historical cost convention and as a going concern, accounting policies, not specifically referred to otherwise, are consistent with generally accepted accounting principles, unless otherwise stated.

(c) Use of estimates

The preparation of financial statements requires management to make estimates and assumptions that affect the reported statements of assets and liabilities, the disclosure of contingent liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the period reported. Actual results could differ from these estimates and assumptions. Any revision to accounting estimates is recognised prospectively in the current and future periods.

(d) Fixed Assets:

Fixed Assets are stated at cost less accumulated depreciation. Costs includes cost of acquisition and subsequent improvements thereto including borrowing costs, all relevant levies and other incidental expenses incurred to bring the assets to its present location and condition.

(e) Event occurring after Balance Sheet Date

No material events have occurred after the balance sheet date.

(f) Impairment of Assets:

Management periodically assesses using, external and internal sources, whether there is an indication that an asset may be impaired. Impairment occurs where the carrying value exceeds the present value of future cash flows expected to arise from the continuing use of the asset and its eventual disposal. The impairment loss to be expensed is determined as the excess of the carrying amount over the higher of the asset''s net sales price or present value as determined above. During the year under consideration, there was no indication, either internal or external as to the impairment of any of the assets.

(g) Contingent Liabilities

Based on the information available, no contingent liabilities have been ascertained at the end of the year. Therefore, no provision for any contingent liability has been provided.

(h) The Company is a Small and Medium Sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 1956. Accordingly, the Company has complied with the Accounting Standards as applicable to a Small and Medium Sized Company.

(i) There was no employee of the company drawing the remuneration of Rs. 6000000/- or more P.A., if employed for whole of the year, or Rs. 500000/- or more P.M., if employed for part of the year.

(j) Foreign Exchange Earning : Nil

Foreign Exchange Outgo : Nil

(k) CIF Value of Import : Nil

(l) In opinion of the Board of Directors, the aggregate value of current assets, loans & advances on realization in ordinary course of business shall not be less than the amount at which these are stated in the Balance Sheet.

(m) Cash flow are reported using the indirect method as specified in AS - 3 issued by the Institute of Chartered Accountants of India, thereby profit after tax is adjusted for the effects of transactions of a non- cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows from operating, financing and investing activities of the company are segregated.

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Mar 31, 2013

(a) Basis of Accounting

The accompanying Financial Statements have been prepared to comply in all material aspects with the mandatory Accounting Standards (''AS'') issued by the Institute of Chartered Accountants of India (''ICAI''). The company has consistently applied the Accounting policies and is consistent with those used in the previous year. The Company generally follows mercantile system of Accounting recognizing both Income & Expenditure on accrual basis.

(b) Accounting Assumptions

The accounts are prepared on historical cost convention and as a going concern, accounting policies, not specifically referred to otherwise, are consistent with generally accepted accounting principles, unless otherwise stated.

(c) Use of estimates

The preparation of financial statements requires management to make estimates and assumptions that affect the reported statements of assets arid liabilities, the disclosure of contingent liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the period reported. Actual results could differ from these estimates and assumptions. Any revision to accounting estimates is recognised prospectively in the current and future periods.

(d) Fixed Assets:

Fixed Assets are stated at cost less accumulated depreciation. Costs includes cost of acquisition and subsequent improvements thereto including borrowing costs, all relevant levies and other incidental expenses incurred to bring the assets to its present location and condition.

(e) Event occurring after Balance Sheet Date

No material events have occurred after the balance sheet date.

(f) Impairment of Assets:

Management periodically assesses using, external and internal sources, whether there is an indication that an asset may be impaired. Impairment occurs where the carrying value exceeds the present value of future cash flows expected to arise from the continuing use of the asset and its eventual disposal. The impairment loss to be expensed is determined as the excess of the carrying amount over the higher of the asset''s net sales price or present value as determined above. During the year under consideration, there was no indication, either internal or external as to the impairment of any of the assets.

(g) Contingent Liabilities

Based on the information available, no contingent liabilities have been ascertained at the end of the year. Therefore, no provision for any contingent liability has been provided.

(h) The Company is a Small and Medium Sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 1956. Accordingly, the Company has complied with the Accounting Standards as applicable to a Small and Medium Sized Company.

(i) There was no employee of the company drawing the remuneration of Rs. 6000000/- or more P.A., if employed for whole of the year, or Rs. 500000/- or more P.M., if employed for part of the year.

(j) Foreign Exchange Earning : Nil

Foreign Exchange Outgo : Nil

(k) CIF Value of Import : Nil

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Mar 31, 2012

(a) Basis of Accounting

The accompanying Financial Statements have been prepared to comply in all material aspects with the mandatory Accounting Standards (''AS'') issued by the Institute of Chartered Accountants of India (''ICAI''). The company has consistently applied the Accounting policies and is consistent with those used in the previous year. The Company generally follows mercantile system of Accounting recognizing both Income & Expenditure on accrual basis.

(b) Accounting Assumptions

The accounts are prepared on historical cost convention and as a going concern, accounting policies, not specifically referred to otherwise, are consistent with generally accepted accounting principles, unless otherwise stated.

(c) Presentation and disclosure of financial statements

During the year end 31 March 2012, the revised Schedule VI notified under the Companies Act 1956, has become applicable to the company, for preparation and presentation of its financial statements. The adoption of revised Schedule VI does not impact recognition and measurement principles followed for preparation of financial statements. However, it has significant impact on presentation and disclosure made in the financial statements. The company has also reclassified the previous year figures in accordance with requirements applicable in the current year.

(d) Use of estimates

The preparation of financial statements requires management to make estimates and assumptions that affect the reported statements of assets and liabilities, the disclosure of contingent liabilities on the date of the financial statements and the reported amounts ''of revenues and expenses during the period reported. Actual results could differ from these estimates and assumptions. Any revision to accounting estimates is recognised prospectively in the current and future periods.

(e) Fixed Assets:

Fixed Assets are stated at cost less accumulated depreciation. Costs includes cost of acquisition and subsequent improvements thereto including borrowing costs, all relevant levies and other incidental expenses incurred to bring the assets to its present location and condition.

(e) Event occurring after Balance Sheet Dote

No material events ''nave occurred after the balance sheet date.

(f) Impairment of Assets:

Management periodically assesses using, external and internal sources, whether there is an indication that an asset may be impaired. Impairment occurs where the carrying value exceeds the present value of future cash flows expected to arise from the continuing use of the asset and its eventual disposal. The impairment loss to be expensed is determined as the excess of the carrying amount over the higher of the asset''s net sales price or present value as determined above. During the year under consideration, there was no indication, either '' internal or external as to the impairment of any of the assets.

(f) Contingent Liabilities

Based on the information available, no contingent liabilities have been ascertained at the end of the year. Therefore, no provision for any contingent liability has been provided.

(h) The Company is a Small and Medium Sized Company (SMC) as defined in the General Instructions in respect of Accounting Standards notified under the Companies Act, 1956. Accordingly, the Company has complied with the Accounting Standards as applicable to a Small and Medium Sized Company,

(i) There was no employee of the company drawing the remuneration of Rs. 6000000/- or more P.A., if employed for whole of the year, or Rs. 500000/- or more P.M., if employed for part of the year.

(j) Foreign Exchange Earning : Nil

Foreign Exchange Outgo : Nil

(k) CIF Value of Import : Nil

(I) In opinion of the Board of Directors, the aggregate value of current assets, loans & advances on realization in ordinary course of business shall not be less than the amount at which these are stated in the Balance Sheet.