Accounting Policies of Srigee DLM Ltd. Company

Mar 31, 2025

2. SIGNIFICANT ACCOUNTING POLICIES

2.01 BASIS OF ACCOUNTING AND PREPARATION OF FINANCIAL STATEMENTS

The financial statements ofthe Company have been prepared in accordance with the Generally Accepted Accounting Principles in India (Indian GAAP) to comply with
the Accounting Standards specified under Section 133 of the Companies Act, 2013 and the relevant provisions of the Companies Act, 2013 ("the 2013 Act"), as
applicable. The financialstatements have been prepared on accrual basis under the historical costconvention. The accounting policies adopted in the preparation of
the financial statements are consistent with those followed in the previous year.

Accounting policies not specifically referred to otherwise are consistent and in consonance with generally accepted accounting principles in India.

All assets and liabilities have been classified as current or non-currentas perthe Company''s normal operating cycle and other criteria set outin Schedule III tothe
Companies Act, 2013. Based on the nature of products and the time between the acquisition of assets for processing and their realization in cash and cash
equivalents, the Company has determined its operating cycle as twelve months for the purpose of current - non-current classification of assets and liabilities.

2.02 USE OF ESTIMATES

The preparation of the financial statements in conformity with Indian GAAP requires the Management to make estimates and assumptions considered in the
reported amounts ofassetsand liabilities (including contingent liabilities) and the reported incomeand expenses during the year. The Management believes thatthe
estimates used in preparation of the financial statements are prudent and reasonable. Future results could differ due to these estimates and the differences between
the actual results and the estimates are recognised in the years in which the results are known / materialise.

2.03 PROPERTY, PLANT & EQUIPMENT

All Fixed Assets are recorded atcost including taxes, duties,freight and other incidentalexpenses incurred in relation to theiracquisition and bringing the asset to its
intended use.

2.04 DEPRECIATION / AMORTISATION

Depreciation on fixed assets is calculated on a Straight Line mehtod using the rates arrived at based on the useful lives estimated by the management, or those
prescribed under the Schedule II to the Companies Act, 2013. Individual assets cost of which doesn''t exceed Rs. 5,000/- each are depreciated in full in the yearof
purchase. Intangible assets including internally developed intangible assets are amortised over the yearfor which the company expects the benefits to accrue.
Intangible Asset - Software is amortised with a useful life of decided by the management.

2.05 INVENTORIES

Inventories comprises of Raw Material , Finished Goods and Stock- In- trade

Inventories are measured at the lower of cost and net realisable value. The cost of inventories is based on the first-in, first-out principle.

2.06 IMPAIRMENT OF ASSETS

An assetis treated as impaired when the carrying costofassetexceeds its recoverable value. Recoverable amount is the higher ofan asset''s net selling price and its
value in use. Value in use is the presentvalue ofestimated future cash flows expected toarise from the continuing use ofthe assetand from its disposal atthe end of
its useful life. Netselling price is the amountobtainable from sale ofthe assetinanarm''s length transaction between knowledgeable, willing parties, less the costs of
disposal. An impairmentloss is charged to the Statementof Profit and Loss in the year in whichan assetis identified as impaired. The impairmentloss recognised in
prior accounting years is reversed if there has been a change in the estimate of the recoverable value.

2.07 BORROWING COSTS

Borrowing costs thatare attributable to the acquisition orconstruction ofqualifying assets are capitalised as partof the cost ofsuch assets. A qualifying asset is one
that necessarily takes substantial year of time to get ready for intended use. All other borrowing costs are charged to revenue.