Accounting Policies of Shantidoot Infra Services Ltd. Company

Mar 31, 2025

NOTE1- SIGNIFICANT ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements

(a) The financial statements are prepared in accordance with Generally Accepted Accounting Principles (Indian GAAP]
under the historical cost convention on accrual basis and on principles of going concern. The accounting policies are
consistently applied by the Company.

(b) The financial statements are prepared to comply in all material respects with the Accounting Standards specified
under section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 and provisions of Companies
Act, 2013.

(c) The preparation of the financial statements requires estimates and assumptions to be made that affect the reported
amounts of assets and liabilities on the date of the financial statements and the reported amounts of revenues and
expenses during the reporting period. Differences between the actual results and estimates are recognized in the period
in which the results are known / materialize.

(a) 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 in accordance with AS-7.

(b) Sales are recognized on accrual basis, and only after transfer of goods or services to the customer.

(c) Dividend on Investments are recognized on receipt basis.

(d) Interest income is recognized on a time proportion basis taking into account the amount outstanding and the rate
applicable.

1.3 Property. Plant & Equipment and Intangible Assets & Depreciation

(a) Fixed Assets are stated at Cost less accumulated depreciation. The Company has capitalized all cost relating to the
acquisition and installation of Fixed Assets.

(b) Depreciation is provided on Fixed Assets on Written down value Method on the basis of Useful Life as prescribed
under Part C of Schedule - II of the Companies Act, 2013.

(c) Cost of the fixed assets not ready for their intended use at the Balance Sheet date together with all related expenses
are shown as Capital Work-in-Progress.

1.4 Impairment of Assets

The carrying amounts of assets are reviewed at each balance sheet date if there is any indication of impairment based
on internal/extemal factors. An impairment loss is recognized wherever the carrying amount of an asset exceeds its
recoverable amount. The recoverable amount Is the higher of the asset''s net selling price and value in use, which is
determined by the present value of the estimated future cash flows.

1.5 Investments

Investments classified as long-term investments are stated at cost. Provision is made to recognize any diminution other
than temporary in the value of such investments. Current investments are carried at lower of cost and fair value.

1.6 inventories

Inventories consisting of Raw Materials and W-l-P are valued at lower of cost and net realizable value.

1.7 Employee. Benefits

Provision for leave encashment is made on cash basis.

1.8 Borrowing Costs

(a) Borrowing costs that are directly attributable to the acquisition of qualifying assets are capitalized for the period until
the asset is ready for its intended use. A qualifying asset is an asset that necessarily takes substantial period of time to
get ready for its intended use.

(b) Other Borrowing costs are recognized as expense in the period in which they are incurred.

Tax expense comprises of current tax and deferred tax.

Current income tax is measured at the amount expected to be paid to the tax authorities, computed in accordance with
the applicable tax rates and tax laws.

Deferred Tax arising on account of "timing differences" and which are capable of reversal in one or more subsequent
periods is recognized, using the tax rates and tax laws that are enacted or substantively enacted. Deferred tax asset is
recognized only to the extent there Is reasonable certainty with respect to reversal of the same in future years as a
matter of prudence.

(a) Basic earnings per share is calculated by dividing the net profit or loss for the period attributable to equity
shareholders by the weighted average number of equity shares outstanding during the period.

(b) For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity
shareholders and the weighted average number of shares outstanding during the period are adjusted for the effects o1
all dilutive potential equity shares.

1.11 Prior Period Items

Prior Period and Extraordinary items and Changes in Accounting Policies having material impact on the financial affairs of
the Company are disclosed in financial statements.

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Mar 31, 2024

1.8 Borrowing Costs

(a) Borrowing costs that are directly attributable to the acquisition of qualifying assets are capitalized for the period until the asset is ready for its intended use. A qualifying asset is an asset that necessarily takes substantial period of time to get ready for its intended use.

(b) Other Borrowing costs are recognized as expense in the period in which they are incurred.

1.9 Taxes on Income

Tax expense comprises of current tax and deferred tax.

Current income tax is measured at the amount expected to be paid to the tax authorities, computed in accordance with the applicable tax rates and tax laws.

Deferred Tax arising on account of "timing differences" and which are capable of reversal in one or more subsequent periods is recognized, using the tax rates and tax laws that are enacted or substantively enacted. Deferred tax asset is recognized only to the extent there is reasonable certainty with respect to reversal of the same in future years as a matter of prudence.

1.10 Earnings per Share I EPS)

(a) Basic earnings per share is calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period.

(b) For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares.

1.11 Prior Period Items

Prior Period and Extraordinary items and Changes in Accounting Policies having material impact on the financial affairs of the Company are disclosed in financial statements.

[note 1 - SIGNIFICANT ACCOUNTING POLICIES 1-1 Basis of preparation of financial statements

(a) The financial statements are prepared in accordance with Generally Accepted Accounting Principles (Indian GAAP) under the historical cost convention on accrual basis and on principles of going concern. The accounting policies are consistently applied by the Company.

(b) The financial statements are prepared to comply in all material respects with the Accounting Standards specified under section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 and provisions of Companies Act, 2013.

(c) The preparation of the financial statements requires estimates and assumptions to be made that affect the reported amounts of assets and liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Differences between the actual results and estimates are recognized in the period in which the results are known / materialize.

12 Revenue Recognition

(a) 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 in accordance with AS-7.

(b) Sales are recognized on accrual basis, and only after transfer of goods or services to the customer.

(c) Dividend on Investments are recognized on receipt basis.

(d) Interest income is recognized on a time proportion basis taking into account the amount outstanding and the rate applicable.

1.3 Property, Plant & Equipment and Intangible Assets & Depreciation

(a) Fixed Assets are stated at Cost less accumulated depreciation. The Company has capitalized all cost relating to the acquisition and installation of Fixed Assets.

(b) Depreciation is provided on Fixed Assets on Written down value Method on the basis of Useful Life as prescribed under Part C of Schedule - II of the Companies Act, 2013.

(c) Cost of the fixed assets not ready for their intended use at the Balance Sheet date together with all roUccd expenses are shown as Capital Work-in-Progress.

1.4 Impairment of Assets

The carrying amounts of assets are reviewed at each balance sheet date if there is any indication of impairment based on internal/external factors. An impairment loss is recognized wherever the carrying amount of an asset exceeds its recoverable amount. The recoverable amount is the higher of the asset''s net selling price and value in use, which is determined by the present value of the estimated future cash flows.

1.5 Investments

Investments classified as long-term investments are stated at cost. Provision is made to recognize any diminution other than temporary in the value of such investments. Current investments are carried at lower of cost and fair value.

1.6 Inventories

Inventories consisting of Raw Materials and W-I-P are valued at lower of cost and net realizable value.

1.7 Employee Benefits

Provision for leave encashment is made on cash basis.

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Mar 31, 2023

SIGNIFICANT ACCOUNTING POLICY

1.1 Basis of preparation of financial statements

(a) The financial statements are prepared in accordance with Generally Accepted Accounting Principles (Indiai
GAAP) under the historical cost convention on accrual basis and on principles of going concern. The accounting
policies are consistently applied by the Company.

(b) The financial statements are prepared to comply in all material respects with the Accounting Standard;
specified under section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 and provision;
of Companies Act, 2013.

(c) The preparation of the financial statements requires estimates and assumptions to be made that affect the
reported amounts of assets and liabilities on the date of the financial statements and the reported amounts o
revenues and expenses during the reporting period. Differences between the actual results and estimates art
recognized in the period in which the results are known / materialize.

1.2 Revenue Recognition

(a) Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Com pan)
and the revenue can be reliably measured in accordance with AS-7.

(b) Sales are recognized on accrual basis, and only after transfer of goods or services to the customer.

(c) Dividend on Investments are recognized on receipt basis.

(d) Interest income is recognized on a time proportion basis taking into account the amount outstanding anc
the rate applicable.

1.3 Property, Plant & Equipment and Intangible Assets & Depredation

(a) Fixed Assets are stated at Cost less accumulated depreciation. The Company has capitalized all cost relating
to the acquisition and installation of Fixed Assets.

(b) Depreciation is provided on Fixed Assets on Written down value Method on the basis of Useful Life a;
prescribed under Part C of Schedule - II of the Companies Act, 2013.

(c) Cost of the fixed assets not ready for their intended use at the Balance Sheet date together with all related
expenses are shown as Capital Work-in-Progress.

1.4 Impairment of Assets

The carrying amounts of assets are reviewed at each balance sheet date if there is any indication of impairment
based on internal/ external factors. An impairment loss is recognized wherever the carrying amount of an asset
exceeds its recoverable amount. The recoverable amount is the higher of the asset''s net selling price and value in
use, which is determined by the present value of the estimated future cash flows.

1.5 Investments ,

Investments classified as long-term investments are stated at cost. Provision is made to recognize any
diminution other than temporary in the value of such investments. Current investments are carried at lower of
cost and fair value.

1.6 Inventories

Inventories consisting of Raw Materials and W-I-P are valued at lower of cost and net realizable value.

1.7 Employee Benefits

Provision for leave encashment is made on cash basis.

1.8 Borrowing Costs

(a) Borrowing costs that are directly attributable to the acquisition of qualifying assets are capitalized for the
period until the asset is ready for its intended use. A qualifying asset is an asset that necessarily takes substantia;
period of time to get ready for its intended use.

(b) Other Borrowing costs are recognized as expense in the period in which they are incurred.

1.9 Taxes on Income

Tax expense comprises of current tax and deferred tax.

Current income tax is measured at the amount expected to be paid to the tax authorities, computed ir
accordance with the applicable tax rates and tax laws.

Deferred Tax arising on account of "timing differences" and which are capable of reversal in one or more
subsequent periods is recognized, using the tax rates and tax laws that are enacted or substantively enacted,
Deferred tax asset is recognized only to the extent there is reasonable certainty with respect to reversal of tire
same in future years as a matter of prudence.

1.10 Earnings per Share (EPS1

(a) Basic earnings per share is calculated by dividing the net profit or loss for the period attributable to equity
shareholders by the weighted average number of equity shares outstanding during the period.

(b) For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to
equity shareholders and the weighted average number of shares outstanding during the period are adjusted for
the effects of all dilutive potential equity shares.

1.11 Prior Period Items

Prior Period and Extraordinary items and Changes in Accounting Policies having material impact on the
financial affairs of the Company are disclosed in financial statements.