Accounting Policies of Jyoti Global Plast Ltd. Company

Mar 31, 2025

a. Use of Estimates

The preparation of the restated financial statements in conformity with Indian GAAP requires the management to make
judgements, estimates and assumptions that affect the reported amounts of the assets and liabilities (including contingent
liabilities) and the reported income and expenses during the period. Although these estimates are based on management''s best
knowledge of current events and actions, uncertainty about these assumptions and estimates could result in the outcomes
requiring as material adjustment to the carrying amount of assets or liabilities in the future periods.

b. Valuation of Inventories
Raw materials :

Valued at lower of cost and net realisable value (NRV). However, these items are considered to be realisable at cost, if the
finished products, in which they will be used, are expected to be sold at or above cost. Cost is determined on FIFO basis which
includes expenditure incurred for acquiring inventories like purchase price (net of discounts or rebates received), import duties,
taxes (net of tax credit) and other costs incurred in bringing the inventories to their present location and condition.

Finished goods:

Valued at lower of cost and NRV. Cost of Finished goods includes cost of raw materials, cost of conversion and other costs
incurred in bringing the inventories to their present location and condition. Cost of inventories is computed on weighted average
basis.

c. Cash Flow Statements

Cash flows are reported using the indirect method, whereby profit / (loss) before extraordinary items and tax is adjusted for the
effects of transactions of non-cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash
flows from operating, investing and financing activities of the Company are segregated based on the available information.

d. Revenue Recognition
Revenue from Sale of goods

Revenue from sale of goods is recognised when the Company, has transferred to the buyer the significant risks and rewards of
ownership, no longer retains control over the goods sold, the amount of revenue can be measured reliably, it is probable that the
economic benefits associated with the transaction will flow to the Company and the costs incurred or to be incurred in respect of
the transaction can be measured reliably.

Revenue from Sale of services

Revenue from sale of services is recognised when the contract is completed or substantially completed and no significant
uncertainty exists regarding its collection. The company follows mercantile system of accounting and recognizes revenue and
expenses on accrual basis except in case of significant uncertainties.

Dividend and Interest Income

Dividend income is accounted for when the right to receive the income is established and known by the Balance Sheet date.
Interest income is recognised on time proportion basis taking into account the amount outstanding and the rate applicable.
Premium or Discount on Investment Instruments is amortised over the holding period till maturity. Income other than dividend,
interest & premium or discount on Investments are recognised on maturity or sale.

e. Accounting for Property, Plant and Equipment
Property, Plant and Equipment

Property, Plant, and Equipment are stated at cost, net of accumulated depreciation and impairment losses, if any. Cost comprises
all expenses incurred to bring the assets to their present location and condition. Borrowing costs directly attributable to the
acquisition or construction are included in the cost of fixed assets. Adjustments arising from exchange rate variations
attributable to fixed assets are capitalized. In the case of new projects or the expansion of existing projects, expenditure incurred
during the construction or preoperative period, including interest and finance charges on specific or general-purpose loans, prior
to the commencement of commercial production, is capitalized. These costs are allocated to the respective fixed assets upon the
completion of construction or erection of the capital project. Subsequent expenditures related to a tangible asset are added to its
book value only if they enhance the future economic benefits of the existing asset beyond its previously assessed performance
standard. Capital assets, including expenditure incurred during the construction period, under erection or installation, are
presented in the Balance Sheet as "Capital Work in Progress."

Depreciation

Depreciation is provided on a pro-rata basis on the straight-line method based on estimated useful life prescribed under Schedule
II to the Companies Act, 2013

f. Foreign currency transactions

The financial statements of the Company are presented in Indian Rupees (Rs), which is the functional currency of the Company
and the presentation currency for the financial statements. Generally, transactions in foreign currency are accounted at the
exchange rates prevailing on the date of the transaction. Gains and losses arising out of subsequent fluctuations are accounted
on actual payment / realisation. Exchange differences arising on settlement of monetary items are recognised in Statement of
Profit and Loss except in case of exchange differences relating to fixed assets are adjusted in the cost of the assets, at time of
its purchase. Monetary assets and liabilities denominated in foreign currencies are translated at the functional currency closing
rates of exchange at the reporting date.

g. Investments

Investments that are readily realizable and intended to be held for not more than a year are classified as current investments. All
other investments are classified as long term investments. Current investment are carried at lower of cost or fair value
determined on an individual category basis. Long term investments are carried at cost. Provision for diminution in value is made
to recognize a decline other than temporary in the valuation of the long term investments.

h. Employee Benefits
Short-term employee benefits

Short term employee benefits are recognised as an expense at the undiscounted amount in the Statement of Profit and Loss for
the year in which the related service is rendered.

Defined contribution plan:

Company''s contributions paid / payable to Provident fund and ESIC are recognised in the statement of profit and loss for the year
when the contribution to the fund is due at pre-determined rates.

Defined benefit plan:

Gratuity is a post-employment benefit and is in the nature of a defined benefit plan. The past service cost of gratuity has been
shown as an appropriation from the opening reserves. The liability recognised in the balance sheet in respect of gratuity is the
present value of the defined benefit / obligation at the balance sheet date, together with adjustments for unrecognised actuarial
gains or losses and past service costs. The defined benefit / obligation is calculated at or near the balance sheet date by an
independent actuary using the projected unit credit method. Actuarial gains and losses arising from past experience and changes
in actuarial assumptions are charged or credited to the statement of profit and loss in the year in which such gains or losses are
determined.

The Gratuity Plan provides a lump sum payment to vested employees at retirement, death, incapacitation or termination of
employment, of an amount based on the respective employee''s salary and the tenure of employment with the Company.

The Company pays gratuity to the employees who have completed five years of service with the Company at the time of
resignation / retirement. The gratuity is paid at 15 days salary for every completed year of service as per the Payment of Gratuity
Act 1972.

i. Borrowing cost

Borrowing cost includes interest, amortization of ancillary costs incurred in connection with the arrangement of borrowings and
exchange difference arising from foreign currency borrowings to the extent they are regarded as an adjustment to the interest
cost. Borrowings Costs directly attributable to the acquisition, construction or production of an asset that necessarily takes a
substantial period of time to get ready for its intended use or sale are capitalized as part of the cost of the respective asset. All
other borrowings costs are expensed in the period they occur.

j. Earnings Per Share

The basic Earnings Per Share ("EPS") is computed by dividing the net profit / (loss) after tax for the year attributable to the equity
shareholders by the weighted average number of equity shares outstanding during the year.

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

k. Accounting for Taxes on Income

1. Current income tax is measured at the amount expected to be paid to tax authorities in accordance with the Income Tax Act,
1961 that is enacted or substantially enacted on the reporting date.

2. Deferred tax liability/asset resulting from "timing difference" between book and taxable profit is accounted for using the tax
rates and laws that have been enacted or substantially enacted as on Balance Sheet date. The deferred tax asset is recognized
and earned forward only to the extent that there is reasonable certainty that the assets will be realized in future. The carrying
amount of deferred tax assets are reviewed at each balance sheet date.

l. Intangible Assets

Intangible assets are recognized when the assets is identifiable, is within the control of the Company, it is probable that the future
economic benefits that are attributable to the assets will flow to the company and cost of the assets can be reliably measured.
The Company does not have any Intangible assets during the reporting periods.

m. Impairment of Assets

The Company assesses at each balance sheet date whether there is any indication that an asset may be impaired based on
internal / external factors. If any such indication exists, the Company estimates the recoverable amount of the asset. If such
recoverable amount of the asset is less than it''s carrying amount, the carrying amount is reduced to its recoverable amount. The
reduction is treated as an impairment loss and is recognized in the statement of profit and loss. If at the balance sheet date, there
is an indication that a previously assessed impairment loss no longer exists, the recoverable amount is reassessed, and the asset
is reflected at the recoverable amount subject to a maximum of the depreciable historical cost.