Accounting Policies of Pulsar International Ltd. Company

Mar 31, 2025

SIGNIFICANT ACCOUNTING POLICIES: <

1. Basis of Accounting: <

The Company maintains its accounts on accrual basis on historical cost convention in accordance with
generally accepted accounting principles (GAAP) in India and in compliance with the requirements of the <

Companies Act, 2013.

2. Revenue Recognition:

The company follows practice of accounting for all income and expenditure on accrual basis. <

3. Provision for Current and Deferred Tax: <

a. Tax expenses comprise both current tax and deferred tax. Provision for the current income tax is made

on the basis of relevant provision of the Income Tax Act, 1961 as applicable to the financial year. (

b. Deferred Tax resulting from the "Timing Difference" between book profit and taxable profit is accounted ;

for under the liability method, at the current rate of tax, to the extent that the timing differences are
expected to crystallize. Deferred tax assets are recognized only to the extent that there is reasonable <

certainty that the asset can be realized in future. Deferred tax assets are reviewed at each balance sheet

date and is written down or written up to reflect the amount that is reasonably or virtually certain, as the <

case may be, to be realized.

4. Provision for Contingent Liabilities and Contingent Assets:

Provisions involving substantial degree of estimation in measurement are recognized when there is a ;

present obligation as a result of past events and it is probable that there will be an outflow of resources.
Contingent Liabilities are not recognized but are disclosed in the notes. Contingent Assets are neither <

recognized nor disclosed in the financial statements.

5. Miscellaneous Expenditure:

Pre-operative expenses are amortized over a period of five years. j

7. Contingent Liabilities: NIL (P.Y. NIL) .•>

8. Related Party Disclosure under Accounting Standard 18 (AS 18):

A) List of related parties as identified by the management are as under : -;<

I) Enterprises that directly or indirectly control (through subsidiaries) or are controlled by or are under .<

common control with the reporting enterprise : None <;

II) Associates, Joint Ventures of the reporting entity, investing party or venture in respect of which S

reporting enterprise is an associate or a joint venture : None

III) Individual owing, directly or indirectly an interest in voting power of reporting enterprise that gives <

them control or significant influence over the enterprise, and relative of any such individual : Nil g

IV) Key Management Personnel (KMP) and their relatives;

Mr. Pankaj Panchal Whole Time Director

Mr. Arvindkumar Parmar Executive Director

Mr. Vipul Panchal Chief Financial Officer

Mr. Vikas Gohil Executive Director

Ms. Komal Potekar Company Secretary and Compliance Officer

V) Enterprises over which any person described III and IV is able to exercise significant influence: No

9. Deferred Tax Asset

In accordance with the provisions of Accounting Standard (AS22) issued by The Institute of Chartered
Accountants of India pertaining to accounting of taxes on income, in view of the company not expecting
any taxable profits in near future, no deferred tax asset is recognized. The details of the same areas under:

10. Segment wise details, as required by AS-17 Segment Reporting are not furnished as the management is
of the opinion that it does not have any geographical / business segment that is subject to different kind
of risk, return or opportunities.

11. Previous year figures are given in bracket and have been regrouped / rearranged wherever necessary to
make them comparable.

As per our attached report on even date.

For H. G. Sarvaiya & Co For Pulsar International Limited

Chartered Accountants

Vikas Gohil Arvind Parmar

Hasmukhbhai G. Sarvaiya Chairman & Director Director

Proprietor DIN: 09578828 DIN: 09356562

Firm Regn no: 115705W

Payal Sadhu Vipul Panchal

Independent Director Chief Financial Officer

Place:Ahmedabad DIN: 10352042

Date: 30.05.2025 Komal M. Potekar

Company Secretary
& Compliance Officer

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Mar 31, 2024

SIGNIFICANT ACCOUNTING POLICIES:1. Basis of Accounting:

The Company maintains its accounts on accrual basis on historical cost convention in accordance with generally accepted accounting principles (GAAP) in India and in compliance with the requirements of the Companies Act, 2013.

2. Revenue Recognition:

The company follows practice of accounting for all income and expenditure on accrual basis.

3. Provision for Current and Deferred Tax:

a. Tax expenses comprise both current tax and deferred tax. Provision for the current income tax is made on the basis of relevant provision of the Income Tax Act, 1961 as applicable to the financial year.

b. Deferred Tax resulting from the "Timing Difference" between book profit and taxable profit is accounted for under the liability method, at the current rate of tax, to the extent that the timing differences are expected to crystallize. Deferred tax assets are recognized only to the extent that there is reasonable certainty that the asset can be realized in future. Deferred tax assets are reviewed at each balance sheet date and is written down or written up to reflect the amount that is reasonably or virtually certain, as the case may be, to be realized.

4. Provision for Contingent Liabilities and Contingent Assets:

Provisions involving substantial degree of estimation in measurement are recognized when there is a present obligation as a result of past events and it is probable that there will be an outflow of resources. Contingent Liabilities are not recognized but are disclosed in the notes. Contingent Assets are neither recognized nor disclosed in the financial statements.

5. Miscellaneous Expenditure:

Pre-operative expenses are amortized over a period of five years.

6. Earning Per Share (EPS)

Sr. No.	Particulars	31.03.2024	31.03.2023
I	Net Profit/(Loss) after tax available for equity shareholder in Rupees	249.70	13.19
ii	Weighted average no of Equity Shares for basic and diluted EPS	64,90,000	30,00,000
iii	Nominal Value of Equity Shares in Rupees	10	10
iv	Basic / Diluted Earning per Share in Rupees	8.32	0.44

7. Contingent Liabilities: NIL (P.Y. NIL)

8. Related Party Disclosure under Accounting Standard 18 (AS 18):A) List of related parties as identified by the management are as under :

I) Enterprises that directly or indirectly control (through subsidiaries) or are controlled by or are under common control with the reporting enterprise : None

II) Associates, Joint Ventures of the reporting entity, investing party or venture in respect of which reporting enterprise is an associate or a joint venture : None

III) Individual owing, directly or indirectly an interest in voting power of reporting enterprise that gives them control or significant influence over the enterprise, and relative of any such individual : Nil

IV) Key Management Personnel (KMP) and their relatives;
Mr. Pankaj Panchal	Whole Time Director
Mr. Arvindkumar Parmar	Executive Director
Mr. Nitin Mistry	Company Secretary (up to 29.04.2024)
Mr. Vipul Panchal	Chief Financial Officer
Mr. Vikas Gohil	Executive Director

9. Deferred Tax Asset

In accordance with the provisions of Accounting Standard (AS22) issued by The Institute of Chartered Accountants of India pertaining to accounting of taxes on income, in view of the company not expecting any taxable profits in near future, no deferred tax asset is recognized. The details of the same areas under:

Particular	AS AT	AS AT
	31.03.2024	31.03.2023
Deferred Tax Liability	-	-
Deferred Tax Assets on account of :
Carried Forward Losses as per Income Tax	-	-
Net Deferred Tax Asset	-	-

10. Segment wise details, as required by AS-17 Segment Reporting are not furnished as the management is of the opinion that it does not have any geographical / business segment that is subject to different kind of risk, return or opportunities.

11. Previous year figures are given in bracket and have been regrouped / rearranged wherever necessary to make them comparable.

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Mar 31, 2023

SIGNIFICANT ACCOUNTING POLICIES:

1. Basis of Accounting:

The Company maintains its accounts on accrual basis on historical cost convention in accordance with generally accepted accounting principles (GAAP) in India and in compliance with the requirements of the Companies Act, 2013.

2. Revenue Recognition:

The company follows practice of accounting for all income and expenditure on accrual basis.

3. Provision for Current and Deferred Tax:

a. Tax expenses comprise both current tax and deferred tax. Provision for the current income tax is made on the basis of relevant provision of the Income Tax Act, 1961 as applicable to the financial year.

b. Deferred Tax resulting from the "Timing Difference" between book profit and taxable profit is accounted for under the liability method, at the current rate of tax, to the extent that the timing differences are expected to crystallize. Deferred tax assets are recognized only to the extent that there is reasonable certainty that the asset can be realized in future. Deferred tax assets are reviewed at each balance sheet date and is written down or written up to reflect the amount that is reasonably or virtually certain, as the case may be, to be realized.

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Mar 31, 2010

A) SYSTEM OF ACCOUNTING :

I) The company follows the mercantile system of accounting and recognises income and expenditure on an accrual basis, except in case of significant uncertainties.

II) Financial statements are based on historical cost. These costs are not adjusted to reflect the impact of the changing value in the purchasing power of money.

B) REVENUE RECOGNITION

I) Discount received in respect of Bills Discounted is apportioned over the period of usance of the instruments.

II) Interest on delayed payments is accounted on ascertainment of realisability.

III) Dividends from Mutual Fund are accounted for on the basis of statement received from the Mutual Funds.

C) FIXED ASSETS & DEPRECIATION:

I) Fixed assets are stated at cost of acquisition and other attributable costs less depreciation.

II) Depreciation is provided on Written Down Value Method at the rates and in the manner laid down in Schedule XIV to the Companies Act,1956.

III) Depreciation on additions/deletions is calculated on a pro-rata basis.

D) BILLS OF EXCHANGE AND LOANS & ADVANCES:

The Company has written off outstanding balance recoverable from M/s. Vivita Limited of Rs. 7,26,224/- and also written back balance lyng in the account of Transport Energy Systems Pvt. Ltd. of Rs. 6,42,014/- hence net amount written off is Rs. 84,210/-

E) VALUATION OF CLOSING STOCK

Closing stock is valued at Cost or Market Value, whichever is lower. And the Market Value of closing stock as on 31st March 2010 is Rs. 16,46,771/-(Previous year Rs.9,07,637/-)

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Mar 31, 2009

A) SYSTEM OF ACCOUNTING:

I) The company follows the mercantile system of accounting and recognises income and expenditure on an accrual basis, except in case if significant uncertainties.

II) Financial statements are based on historical cost. These costs are not adjusted to reflect the impact of the changing value in the purchasing power of money.

B) REVENUE RECOGNITION

I) Discount received in respect of Bills Discounted is apportioned over the period of usance of the instruments.

II) Interest on delayed payments is accounted on ascertainment of realisability.

III) Dividends from Mutual Fund are accounted for on the basis of statement received from the Mutual Funds.

C) FIXED ASSETS & DEPRECIATION:

I) Fixed assets are stated at cost of acquisition and other attributable costs less depreciation.

II) Depreciation is provided on Written Down Value Method at the rates and in the manner laid down in Schedule XIV to the Companies Act, 1956.

III) Depreciation on additions/deletions is calculated on a pro-rata basis.

D) BILLS OF EXCHANGE AND LOANS & ADVANCES:

The Company has written ofToutstanding balance recoverable from M/s. Khatiwala Enterprises Pvt. Ltd. of Rs. 2,12,00,000- and adjusted (he same against Profit & Loss Appropriation account as the amount is not recoverable.

E) VALUATION OF CLOSING STOCK

Closing stock is valued at Cost or Market Value, whichever is lower. And the Market Value of closing stock as on 31 st March 2009 is Rs.9,07,638/-( Previous year Rs. 17,10,056/-)