Accounting Policies of Abirami Financial Services (India) Ltd. Company

Mar 31, 2025

SIGNIFICANT ACCOUNTING POLICIES:

a. Back Ground:

Abirami Financial Services (India) Limited (referred to as "the Company") is a Public Limited Company
incorporated on 19/04/1993(CIN: L65993TN1993PLC0241861) and domiciled in India with its registered office
at Old No.11, New No.2, Parthasarathypuram, T. Nagar, Chennai - 600017. Its shares are listed in Bombay Stock
Exchange.

b. Statement of Compliance

In accordance with the notification issued by the Ministry of Corporate Affairs, the Company has adopted Indian
Accounting Standards (referred to as "Ind AS") notified under the Companies (Indian Accounting Standards)
Rules, 2015 with effect from April 1, 2017. Figures for previous periods have been restated as per Ind AS. In
accordance with Ind AS 101 First-time adoption of Indian Accounting Standards, the Company has presented
a reconciliation from the presentation of Financial Statements under Accounting Standards notified under the
Companies (Accounting Standards) Rules, 2006 ("Previous GAAP") to Ind AS of shareholders'' equity as at 31st
March 2025.

These Financial Statements have been prepared in accordance with Ind AS as notified under the Companies
(Indian Accounting Standards) Rules, 2015 read with Section 133 of The Companies Act, 2013..

c. Basis of Preparation:

The financial statements have been prepared on accrual and going concern basis. The accounting policies are
applied consistently to all the periods presented in the financial statements, including the preparation of the
opening IND AS Balance Sheet as at 1st April, 2016 being the ''date of transition to IND AS''.

d. Use of Estimates:

The preparation of financial statements requires management to make judgements, estimates and assumptions
in the application of accounting policies that affect the reported amounts of assets, liabilities, income and
expenses. Actual results may differ from these estimates. Continuous evaluation is done on the estimation and
judgements based on historical experience and other factors, including expectations of future events that are
believed to be reasonable. Revisions to accounting estimates are recognised prospectively.

e. Revenue Recognition:

Interest income is recognised on a time proportion basis taking into account the amount outstanding and the
rate applicable.

Revenue from sale of property is recognised when all significant risks and rewards of ownership of the property
is transferred to the buyer of the property.

f. Property, Plant And Equipment:

On adoption of Ind AS, the Company retained the carrying value for all of its property, plant and equipment
as recognized in the financial statements as at the date of transition to Ind AS, measured as per the previous
GAAP and used that as its deemed cost as permitted by Ind AS 101 ''First-time Adoption of Indian Accounting
Standards''.

Property, plant and equipment are stated at cost [i.e., cost of acquisition or construction inclusive of freight,
erection and commissioning charges, non-refundable duties and taxes, expenditure during construction
period, borrowing costs (in case of a qualifying asset) up to the date of acquisition/ installation], net of
accumulated depreciation and accumulated impairment losses, if any.

An item of property, plant and equipment and any significant part initially recognised is derecognised upon
disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on
de-recognition of the asset (calculated as the difference between the net disposal proceeds and the carrying
amount of the asset) is recognised in profit or loss when the asset is derecognised.

g. Intangible Assets:

For transition to Ind AS, the Company has elected to continue with the carrying value of all its intangible assets
recognized as of April 1,2016 (transition date) measured as per the previous GAAP and use that carrying value
as its deemed cost as of the transition date.

Intangible assets acquired are measured on initial recognition at cost. Following initial recognition, intangible
assets are carried at cost less any accumulated amortisation and accumulated impairment losses.

Intangible assets are amortised over the useful economic life and assessed for impairment whenever there is
an indication that the intangible asset may be impaired. The amortisation period and amortisation method for
an intangible asset are reviewed at the end of each reporting period. The amortisation expense on intangible
asset is recognised in the Statement of Profit and Loss unless such expenditure forms part of carrying value of
another asset.

Gains or losses arising from derecognition of an intangible asset are measured as the difference between the
net disposal proceeds and the carrying amount of the asset and are recognised in Statement of Profit and Loss
when the asset is derecognised.

h. Cash and Cash Equivalents

Cash and Cash Equivalents consist of cash on hand and balances with banks.

i. Taxation:

Income tax expenses for the year comprises of current tax and deferred tax. It is recognized in the Statement
of Profit and Loss except to the extent it relates to a business combination or to an item which is recognized
directly in equity or in other comprehensive income.

Current Income Tax

Current tax is the expected tax payable /receivable on the taxable income /loss for the year using applicable
tax rates at the Balance Sheet date, and any adjustment to taxes in respect of previous years. Interest income/
expenses and penalties, if any related to income tax are included in current tax expense.

Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the
recognized amount and there is an intention to settle the asset and liability on net basis

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Mar 31, 2024

SIGNIFICANT ACCOUNTING POLICIES:

a. Back Ground:

Abirami Financial Services (India) Limited (referred to as "the Company") is a Public Limited Company
incorporated on 19/04/1993(CIN:L65993TN1993PLC0241861) and domiciled in India with its registered office
at Old No.11, New No.2, Parthasarathypuram, T. Nagar, Chennai - 600017. Its shares are listed in Bombay Stock
Exchange.The Company is having interest in the field of land banking and creating infrastructure for projects
in the key sectors of integrated life spaces, lifespaces, logistics,warehousing, hospitality, healthcare, education
clean energy and development of Aquaculture and seafood infrastructure and to deal in whatsoever manner
in the aquaculture and seafood products..

b. Statement of Compliance

In accordance with the notification issued by the Ministry of Corporate Affairs, the Company has adopted Indian
Accounting Standards (referred to as "Ind AS") notified under the Companies (Indian Accounting Standards)
Rules, 2015 with effect from April 1, 2017. Figures for previous periods have been restated as per Ind AS. In
accordance with Ind AS 101 First-time adoption of Indian Accounting Standards, the Company has presented
a reconciliation from the presentation of Financial Statements under Accounting Standards notified under the
Companies (Accounting Standards) Rules, 2006 ("Previous GAAP") to Ind AS of shareholders'' equity as at 31st
March 2024.

These Financial Statements have been prepared in accordance with Ind AS as notified under the Companies
(Indian Accounting Standards) Rules, 2015 read with Section 133 of The Companies Act, 2013.

c. Basis of Preparation:

The financial statements have been prepared on accrual and going concern basis. The accounting policies are
applied consistently to all the periods presented in the financial statements, including the preparation of the
opening IND AS Balance Sheet as at 1st April, 2016 being the ''date of transition to IND AS.

d. Use of Estimates:

The preparation of financial statements requires management to make judgements, estimates and assumptions
in the application of accounting policies that affect the reported amounts of assets, liabilities, income and
expenses. Actual results may differ from these estimates. Continuous evaluation is done on the estimation and
judgements based on historical experience and other factors, including expectations of future events that are
believed to be reasonable. Revisions to accounting estimates are recognised prospectively.

e. Revenue Recognition:

Interest income is recognised on a time proportion basis taking into account the amount outstanding and the
rate applicable.

Revenue from sale of property is recognised when all significant risks and rewards of ownership of the property
is transferred to the buyer of the property.

f. Property, Plant And Equipment:

On adoption of Ind AS, the Company retained the carrying value for all of its property, plant and equipment
as recognized in the financial statements as at the date of transition to Ind AS, measured as per the previous
GAAP and used that as its deemed cost as permitted by Ind AS 101 ''First-time Adoption of Indian Accounting
Standards''.

Property, plant and equipment are stated at cost [i.e., cost of acquisition or construction inclusive of freight,
erection and commissioning charges, non-refundable duties and taxes, expenditure during construction
period, borrowing costs (in case of a qualifying asset) up to the date of acquisition/ installation], net of
accumulated depreciation and accumulated impairment losses, if any.

An item of property, plant and equipment and any significant part initially recognised is derecognised upon
disposal or when no future economic benefits are expected from its use or disposal. Any gain or loss arising on
de-recognition of the asset (calculated as the difference between the net disposal proceeds and the carrying
amount of the asset) is recognised in profit or loss when the asset is derecognised.

g. Intangible Assets:

For transition to Ind AS, the Company has elected to continue with the carrying value of all its intangible assets
recognized as of April 1, 2016 (transition date) measured as per the previous GAAP and use that carrying value
as its deemed cost as of the transition date.

Intangible assets acquired are measured on initial recognition at cost. Following initial recognition, intangible
assets are carried at cost less any accumulated amortisation and accumulated impairment losses.

Intangible assets are amortised over the useful economic life and assessed for impairment whenever there is
an indication that the intangible asset may be impaired. The amortisation period and amortisation method for
an intangible asset are reviewed at the end of each reporting period. The amortisation expense on intangible
asset is recognised in the Statement of Profit and Loss unless such expenditure forms part of carrying value of
another asset.

r~

Gains or losses arising from derecognition of an intangible asset are measured as the difference between the
net disposal proceeds and the carrying amount of the asset and are recognised in Statement of Profit and Loss
when the asset is derecognised.

h. Cash and Cash Equivalents

Cash and Cash Equivalents consist of cash on hand and balances with banks.

i. Taxation:

Income tax expenses for the year comprises of current tax and deferred tax. It is recognized in the Statement
of Profit and Loss except to the extent it relates to a business combination or to an item which is recognized
directly in equity or in other comprehensive income.

Current Income Tax

Current tax is the expected tax payable /receivable on the taxable income /loss for the year using applicable tax rates
at the Balance Sheet date, and any adjustment to taxes in respect of previous years. Interest income/expenses and
penalties, if any related to income tax are included in current tax expense.

Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the recognized
amount and there is an intention to settle the asset and liability on net basis.

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Mar 31, 2015

1. Basis of preparation:

The financial statements are prepared under the historical cost convention in accordance with Generally Accepted Accounting Principles (GAAP), and materially comply with the mandatory accounting standards issued by the Institute of Chartered Accountants of India and the provisions of the Companies Act, 2013. All income and expenditure having a material bearing on the financial statements are recognized on the accrual basis.

2. Revenue recognition:

Income from hire purchase advances are accounted by adopting internal rate of return method for the installments due as per the agreement.

3. Depreciation:

Depreciation on fixed assets is provided using the Written down Value method, based on rates specified in as per Part "C"of schedule II of the Companies Act 2013. Depreciation is charged on a pro-rata basis for assets purchased/sold during the year. Individual assets costing Rs. 5,000 or less are depreciated in full in the year of purchase.

4. Investments:

Investments are stated at the lower of cost or market value. Any decline in the value of investments other than temporary is charged to the Profit and Loss Account.

5. Stock on Hire:

Stock on hire has been valued at the amount advanced less installments received.

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Mar 31, 2013

1. Basis of preparation:

The financial statements are prepared under the historical cost convention in accordance with Generally Accepted Accounting Principles (GAAP), and materially comply with the mandatory accounting standards issued by the Institute of Chartered Accountants of India and the provisions of the Companies Act, 1956. All income and expenditure having a material bearing on the financial statements are recognized on the accrual basis.

2. Revenue recognition:

Income from hire purchase advances are accounted by adopting internal rate of return method for the installments due as per the agreement.

3. Depreciation:

Depreciation on fixed assets is provided using the Written Down Value method, based on rates specified in Schedule XIV to the Companies Act, 1956. Depreciation is charged on a pro-rata basis for assets purchased/sold during the year. Individual assets costing Rs.5,000 or less are depreciated in full in the year of purchase.

4. Investments:

Investments are stated at the lower of cost or market value. Any decline in the value of investments other than temporary is charged to the Profit and Loss Account.

5. Stock on Hire:

Stock on hire has been valued at the amount advanced less installments received.

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Mar 31, 2012

1. Basis of preparation:

The financial statements are prepared under the historical cost convention in accordance with Generally Accepted Accounting Principles (GAAP), and materially comply with the mandatory accounting standards issued by the Institute of Chartered Accountants of India and the provisions of the Companies Act, 1956. All income and expenditure having a material bearing on the financial statements are recognized on the accrual basis.

2. Revenue recognition:

Income from hire purchase advances are accounted by adopting internal rate of return method for the installments due as per the agreement.

3. Depreciation:

Depreciation on fixed assets is provided using the Written Down Value method, based on rates specified in Schedule XIV to the Companies Act, 1956. Depreciation is charged on a pro-rata basis for assets purchased/sold during the year. Individual assets costing Rs.5,000 or less are depreciated in full in the year of purchase.

4. Investments:

Investments are stated at the lower of cost or market value. Any decline in the value of investments other than temporary is charged to the Profit and Loss Account..

5. Stock on Hire:

Stock on hire has been valued at the amount advanced less installments received.

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Mar 31, 2011

1. Basis of preparation:

The financial statements are prepared under the historical cost convention in accordance with Generally Accepted Accounting Principles (GAAP), and materially comply with the mandatory accounting standards issued by the Institute of Chartered Accountants of India and the provisions of the Companies Act, 1956. All income and expenditure having a material bearing on the financial statements are recognized on the accrual basis.

2. Revenue recognition:

Income from hire purchase advances are accounted by adopting internal rate of return method for the installments due as per the agreement.

3. Depreciation:

Depreciation on fixed assets is provided using the Written Down Value method, based on rates specified in Schedule XIV to the Companies Act, 1956. Depreciation is charged on a pro-rata basis for assets purchased/sold during the year. Individual assets costing Rs.5,000 or less are depreciated in full in the year of purchase.

4. Investments:

Investments are stated at the lower of cost or market value. Any decline in the value of investments other than temporary is charged to the Profit and Loss Account.

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Mar 31, 2010

1 The Financial Statements are prepared in accordance with the historical cost convention and applicable accounting standards.

2 Accrual method of accounting is followed with regard to Income and Expenses.

3 Income from Hire Purchase Advances are accounted by adopting Internal Rate of Return Method for the Instalments due as per the Agreement.

4 Fixed Assets are stated at cost less Depreciation.

5 Depreciation has been provided on the written down value method at the rates specified (on prorata basis) in Schedule XIV of the Companies Act, 1956.

6 Stock on Hire has been valued at the amount advanced less instalments received.

7 Investments are stated at cost. (Market Value of Listed Shares Rs. 38,22,215/-.)

9 Expenditure in Foreign Currency: NIL.