Accounting Policies of SBL Infratech Ltd. Company

Mar 31, 2025

A. Significant Accounting Policies

1. Basis of accounting:-

These financial statements have been prepared in accordance with the Generally
Accepted Accounting Principles in India (Indian GAAP) including the Accounting
Standards notified under Section 133 of the Companies Act, 2013, read with Rule 7 of the
Companies (Accounts) Rules, 2014 and the relevant provisions of the Companies Act,
2013.

The financial statements have been prepared under the historical cost convention on
accrual basis.

The Company’s financial statements are presented in Indian Rupees, which is also its
functional currency and all values are rounded to the nearest Hundreds, except when
otherwise indicated.

The standalone financial statements for the year ended March 31, 2025 are being
authorised for issue in accordance with a resolution of the directors

2. Revenue Recognition

Expenses and Income considered payable and receivable respectively are accounted for
on accrual basis.

3. Use of estimates

The presentation of financial statements require estimates and assumptions to be
made that effect the reported amount of assets and liabilities on the date of
financial statements and the reported amount of revenues and expenses during
the period. Difference between the actual results and estimates are recognized in
the period in which the results are known/ materialized.

4. Fixed Assets

Fixed assets are stated at their original cost of acquisition including taxes, freight and
other incidental expenses related to acquisition and installation of the concerned assets

Subsequent expenditure relating to property, plant and equipment is capitalized only
when it is probable that future economic benefit associated with these will flow with
the Company and the cost of the item can be measured reliably.

5. Depreciation :-

Depreciation on Fixed Assets is provided to the extent of depreciable amount on the
Written down Value (WDV) Method. Depreciation is provided based on useful life of the
assets as prescribed in Schedule II to the Companies Act, 2013.

6. Investments :-

Investments intended to be held for more than a year are classified as long-term
investments. All other investments are classified as current investments. Long term
investments are stated at cost. However provision for diminution is made to recognize
any decline, other than temporary, in the value of investments. Current Investments are
stated lower of cost or market value on an individual investment basis.

7. Inventories :-

Inventories are valued as under at lower cost or net realizable value

8. Borrowing cost:-

Borrowing costs that are attributable to the acquisition or construction of the qualifying
assets are capitalized as part of the cost of such assets. A qualifying assets is one
that necessarily takes a substantial period of time to get ready for its intended uses or
sale. All other borrowing costs are charged to revenue in the year of incurrence.

9. Retirement Benefits:-

The retirement benefits are accounted for as and when liability becomes due for
payment.

10. Taxes on Income:-

Provision for current tax is made on the basis of estimated taxable income for the current
accounting year in accordance with the Income Tax Act, 1961. The deferred tax for timing
differences between the book and tax profits for the year is accounted for, using the tax
rates and laws that have been substantively enacted by the balance sheet date. Deferred
tax assets arising from timing differences are recognized to the extent there is virtual
certainty with convincing evidence that these would be realized in future. At each Balance
Sheet date, the carrying amount of deferred tax is reviewed to reassure realization.

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Mar 31, 2024

A. Significant Accounting Policies

1. Basis of accounting:-

These financial statements have been prepared in accordance with the Generally Accepted
Accounting Principles in India (Indian GAAP) including the Accounting Standards notified under
Section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules,
2014 and the relevant provisions of the Companies Act, 2013.

The financial statements have been prepared under the historical cost convention on accrual
basis.

2. Revenue Recognition :-

Expenses and Income considered payable and receivable respectively are accounted for on accrual
basis

3. Property, Plant and Equipment :-

Fixed assets are stated at their original cost of acquisition including taxes, freight and other
incidental expenses related to acquisition and installation of the concerned assets.

4. Depreciation :-

Depreciation on Fixed Assets is provided to the extent of depreciable amount on the Written down
Value (WDV) Method. Depreciation is provided based on useful life of the assets as prescribed in
Schedule II to the Companies Act, 2013.

5. Miscellaneous Expenditure:-

Miscellaneous Expenditure comprises of Preliminary expenses that are amortized over a period of
five years.

6. Taxes on Income:-

Provision for current tax is made on the basis of estimated taxable income for the current
accounting year in accordance with the Income Tax Act, 1961. The deferred tax for timing
differences between the book and tax profits for the year is accounted for, using the tax rates and
laws that have been substantively enacted by the balance sheet date.