Accounting Policies of WOL 3D India Ltd. Company

Mar 31, 2025

I. SIGNIFICANT ACCOUNTING POLICIES

A. Basis of preparation of Financial Statements:

These financial statements are prepared in accordance with Indian Generally Accepted Accounting Principles (GAAP)

under the historical cost convention on the accrual basis GAAP comprises mandatory accounting standards as prescribed under Section

133 of the Companies Act. 2013 (the Act) read with Rule 7 of the Companies (Accounts) Rules. 2014. the provisions of the Act

The accounting policies adopted in the Preparation of financial statements have been consistently applied All assets and liabilities have been classified as current or non-current as pet live company''s normal operating cycle and other criteria set out in the
Schedule III to the Companies Act. 2013 Based on the nature of operations and time difference between the provision of services and
realization of cash and cash equivalents. the company has ascertained its operating cycle as 12 months for the purpose of current and non-
current classification of assets and liabilities

B. Use of Estimates

the preparation of financial statements is in conformity with Indian GAAP requires judgments, estimates and assumptions to be made that
attest the reported amount of assets and liabilities, disclosure of contingent liabilities on the date of the financial Statements and the
reported amount of revenues and expenses during the reporting period. Difference between the actuals results and estimates are recognized in
the period in which the results arc known /materialized.

C. ACCOUNTING CONVENTION

The Company follows the mercantile system of accounting, recognizing income and expenditure on accrual basis.

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

The following significant accounting policies are adopted in the preparation and presentation of these financial
statements:

1. Revenue Recognition

Revenue is recognized to the extent that it is probably that the economic benefits will flow to the Company and the revenue
can be reliably measured.

Sales of goods are recognized on transfer of significant risks and rewards of ownership to the buyer, which
generally coincides with the delivery of goods to customers.

Income from Franchise fee is recognized on the date of finalization of franchise which is one time fees Income from
service is recognized on an accrual basis when it is earned and the right to receive payment is reasonably assured

Interest Income is Recognized on a time proportion basis taking into account the amount outstanding and the rate
applicable i.c. on the basis of matching concept.

2. Property, Plant and Equipment

a> Property. Plant and Equipment are stated as pet Cost Model re. at cost less accumulated depreciation and impairment if any; Costs
directly attributable to acquisition arc capitalized until the Property. Plant and Equipment are ready for use. as intended by the management;

b) Subsequent expenditures relating to Property. Plant and Equipment arc capitalized only when it is probable that future
economic benefits associated with these will flow to the Company and the cost of the item can be measured reliably.

Repairs & maintenance costs are recognized in the Statement of profit & loss when incurred;

c) The cost and related accumulated depreciated are eliminated from the financial statements upon sale or retirement of
the asset and the resultant gains or losses are recognized in the Statement of Profit or Loss Assets to the disposed of are
reported at the lower of the carrying value or the fair value less cost to sell.

d) Depreciation on fixed assets will be calculated using the Written Down Value (WDV) method, which involves applying depreciation
rates prescribed under Schedule II to the Companies Act 2013 to the carrying amount of the asset the carrying amount is reduced each
year by the amount of depreciation charged

3. Impairment

The Management periodically assesses, using external and internal sources, whether there is an indication that an asset may be impaired An
impairment loss is recognized wherever live carrying value of an asset exceeds its recoverable amount. The.'' recoverable amount is higher of
the asset''s net selling price and value in use. which menus the present value of future cash flows expected to arise From the continuing use of
the asset and its eventual disposal. An impairment loss for an asset is reversed if. and only if. the reversal can be related objectively to an
event occurring after the impairment loss was recognized The carrying amount of an asset is increased to its revised recoverable amount,
provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated amortization or
depreciation i had no impairment loss been recognized for live asset in prior veins

4. Inventories

Inventories are valued after providing for obsolescence, as follows. Raw Materials -Lower of cost and net realizable value. However,
materials and other items held for use in the production of inventories are not written down below cost if the finished products in which
they will be incorporated are expected to be sold at or above cost. Cost is determined on Weighted Average Method ( WAM) basis.

5. Foreign Exchange Transaction''

All transactions in foreign currency are recorded at live rates of exchange prevailing at the date of transaction. .Any gain loss on account of
the fluctuation in the rare of exchange is recognized in the statement of Profit and loss Monetary items in the form of Loans. Current
Assets and Current Liabilities in foreign currencies outstanding at the close of the year are convened in Indian currency at the appropriate
rates of exchange prevailing on the date of Balance Sheet Resultant gain or loss on account of the fluctuation in the rate of exchange is
recognized in the statement of Profit and Loss.

6. Cash Flow Statement

Cash flows are repotted using the indirect method, whereby profit before tax is adjusted for the effects of transactions of a non- cash
nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with
investing or financing cash flows The cash flows from operating, investing and financing
activities are segregated

7. Borrowing Costs

Borrowing costs that are directly attributable to the acquisition or construction of a qualifying asset are capitalized as part of the cost of that
asset till such time the asset is ready for its intended use A qualify mg asset is an asset that necessarily takes a substantial period of time to
get ready for its intended use. Costs incurred in raising funds arc amortized equally over the period for which the funds are acquired. All
other borrowing costs are charged to profit and loss account

8. Income Tax

The accounting treatment for the Income Tax in respect of the Company''s income is based on the Accounting Standard
on Accounting for Taxes on Income'' (AS-22). The provision made for Income Tax in Accounts comprises both the
current tax and deferred tax Provision for Current Tax is made on the assessable Income Tax rate applicable to live relevant assessment
year after considering various deduction} available under the Income Tax Act 1961 Deferred tax is recognized for all tuning differences,
being the differences between the taxable income and accounting income that originate in one period and are capable of reversal in one or
more subsequent periods. Such deferred tax is quantified using the tax rates and laws enacted or substantively enacted as on the Balance
Sheet date The carrying amount of deferred tax asset liability is reviewed at each Balance Sheet date and consequential adjustments arc
canned out

9. Earnings Per Share

Basic earnings per share is computed by dividing the net profit after tax by the Weighted average number of equity shares

outstanding during the period. Diluted earnings per share is computed by dividing live profit after tax by the weighted

average number of equity shares considered for deriving basso earnings per share and also the weighted average number

of equity shares that could have been issued upon conversion of all dilutive potential equity shares the diluted potential

equity shares are adjusted for the proceeds receivable had the shares been actually issued at fair value which is the average market value of

the outstanding shares. Dilutive potential equity shares arc deemed converted as of the beginning of the period, unless issued at a later date.

Dilutive potential equity shares are determined independently tor each period presented.