Accounting Policies of Shree Salasar Investment Ltd. Company

Mar 31, 2024

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

i 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, 2016. Previous year figures in the financial statements have been restated in
compliance to Ind AS.

ii Basis of preparation of financial statements

The financial statements are prepared in accordance with Division II of the Schedule III of the Companies Act, 2013 i.e. "General Instructions for preparation of financial
statements of a company required to comply with Ind AS" as notified vide notification number G.S.R. 404(E) dated 06.04.2016 and Indian Accounting Standards (Ind AS)
prescribed under section 133 of the Act read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and Companies (Indian Accounting Standards)
Amendment Rules, 2016. The financial statements are prepared under the historical cost convention, except for certain financial instruments which are measured at fair
value at the end of each reporting period, as explained in the accounting policy below.

iii Use of estimates and judgements

The preparation of these financial statements in conformity with the recognition and measurement principles of Ind AS requires the management of the Company to make
estimates and assumptions that affect the reported balances of assets and liabilities, disclosures relating to contingent liabilities as at the date of the financial statements
and the reported amounts of income and expense for the periods presented.

Estimates and assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised and future
periods are affected.

iv Revenue recognition

Income is recognised and accounted for on accrual basis unless otherwise stated.

v Changes in Accounting policies

The accounting policies adopted are consistent with those of previous financial year. The management assures that there has been no change in accounting policies as
compared to that of previous year which would have any significant effect on these financials.

v Taxes on Income

Current tax is determined and provided for on the amount of taxable income at the applicable rates for the relevant financial year. Deferred Tax Assets and Liabilities (DTA /
DTL) are recognised on timing differences, beingthe difference between taxable income and accounting income that originate in one period and is capable of reversal in one
or more subsequent periods. The DTA is recognised only to the extent that there is virtual certainty of sufficient future profits against which such DTA can be realised.

vi Financial instruments

Initial recognition and measurement

Financial assets and liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument. Financial assets and liabilities are initially
measured at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and
financial liabilities at fair value through profit or loss) are added to or deducted from the fair value measured on initial recognition of financial asset or financial liability.

Subsequent measurement
Financial assets:

Derecognition

Financial assets are derecognised when the contractual rights to the cash flows from the financial asset expire, or when the financial asset and all substantial
risks and rewards are transferred. A financial liability is derecognised when it is extinguished, discharged, cancelled or expires.

vii Cash and cash equivalents

The Company considers all highly liquid financial instruments, which are readily convertible into known amounts of cash that are subject to an insignificant risk
of change in value and having original maturities of three months or less from the date of purchase, to be cash equivalents. Cash and cash equivalents consist
of balances with banks which are unrestricted for withdrawal and usage.

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Mar 31, 2012

I) Basis of accounting:

Generally mercantile system of accounting is followed.

ii) Investments:

a) Investments being long term in nature are valued at cost of acquisition and related expenses such as brokerage and stamp duties.

b) Temporary fall in market value of investment are not provided for

iii) Revenue recognition:

a) Interest income is recognized on a time proportion basis depending upon amount outstanding and the rate applicable.

b) Brokerage income is recognized on completion of the transaction.

iv) a) Fixed Assets are stated at cost of acquisition less depreciation.

b) The depreciation on fixed assets are charged on Written Down Value basis as per rates prescribed in Schedule XIV of Companies Act, 1956.

v) Retirement benefits are treated on cash basis.

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Mar 31, 2011

I) Basis of accounting:

Generally mercantile system of accounting is followed.

ii) Investments:

a) Investments being long term in nature are valued at cost of acquisition and related expenses such as brokerage and stamp duties.

b) Temporary fall in market value of investment are not provided for

iii) Revenue recognition:

a) Interest income is recognised on a time proportion basis depending upon amount outstanding and the rate applicable.

b) Dividend Income is treated on receipt basis.

c) Sales of shares and debentures are recognised on execution of date of order.

iv) a) Fixed Assets are staled at cost of acquisition less depreciation.

b) The depreciation on fixed assets are charged on Written Down Value basis as per rates prescribed in Schedule XIV of Companies Act. 1956.

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Mar 31, 2009

I) Basis of accounting:

Generally mercantile system of accounting is followed.

ii) Investments:

a) Investments being long term in nature are valued at cost of acquisition and related expenses such as brokerage and stamp duties.

b) Temporary fall in market value of investment are not provided for

iii) Revenue recognition:

a) Interest income is recognised on a time proportion basis depending upon amount outstanding and the rate applicable.

b) Dividend Income is treated on receipt basis.

c) Sales of shares and debentures are recognised on execution of date of order.

iv) a) Fixed Assets are stated at cost of acquisition less depreciation.

b) The depreciation on fixed assets are charged on Written Down Value basis as per rates prescribed in Schedule XIV of Companies Act, 1956.

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Mar 31, 2008

I) Basis of accounting

Generally mercantile system of accounting is followed

ii) Investments

a) Investments being long term in nature arc valued at cost of acquisition and related expenses such as brokerage and stamp duties

b) Temporary fall in market value or investment arc not provided for

iii) Revenue recognition

a) Interest income is recognized on a lime proportion basis depending upon amount outstanding and the rate applicable

b) Dividend Income is treated on receipt basis

c) Sales or shares and debentures are recognized on execution of date of order

iv) a) Fixed Assets arc staled at cost of acquisition less depreciation

v) the depreciation on fixed assets are charged on Written Down Value basis as per rates prescribed us Schedule XIV of Companies Act 1956