Accounting Policies of Shreevatsaa Finance & Leasing Ltd. Company

Mar 31, 2025

3 Summary of Significant Accounting Policies

(a) Basis of preparation

The financial statements of the Company have been prepared on going concern basis in accordance with recognition and measurement
principles prescribed under Section 133 of the Companies Act, 2013 read with the rule 3 of the Companies (Indian Accounting Standards) Rules,
2015 and the Companies (Indian Accounting Standards) (Amendment) Rules, 2016 issued thereunder and other accounting principles generally
accepted in India.

The management believes that it is appropriate to prepare these financial statements on a going concern basis considering available resources,
current level of operations of the Company, and those projected foreseeable future.

The financial statements have been prepared on a historical cost basis, except for certain financial assets and liabilities measured at fair value.

Management has prepared Financial Statements to depict the historical financial information of the Company except for Investments forming part
of financial assets which have been measured at fair value.

(b) Use of estimates

The preparation of financial statements in conformity with Ind AS requires the management to make judgments, estimates and assumptions that
affect the reported amounts of revenues, expenses, assets and liabilities, at the end of the reporting period. Although these estimates are based
on the management''s best knowledge of current events and actions, uncertainty about these assumptions and estimates could result in the
outcomes requiring a material adjustment to the carrying amounts of assets or liabilities in future periods.

Estimates and underlying assumptions are reviewed on an ongoing basis. Any revisions to accounting estimates are recognised prospectively in
current and future periods.

Judgments

Information about judgments made in applying accounting policies that have the most significant effects on the amounts recognised in the
financial statements is included in the following notes:

- Assessment of useful life of Property, plant and equipment

- Assessment of useful life of Intangible assets

- Provisions and contingent liabilities

- Income taxes

- Lease classification indicating whether an arrangement contains a lease

- Inventory valuation

Assumptions and estimation uncertainties

Information about assumptions and estimation uncertainties that have a significant impact on the financial statements are as mentioned below:

-Recognition and measurement of provisions and contingencies: key assumptions about the likelihood and magnitude of an outflow of resources.
-Impairment test of non-financial assets: key assumptions underlying recoverable amounts
-Impairment of financial assets
-Fair value measurement

-Recognition of deferred tax assets: Availability of future taxable profits against which such Deferred tax assets can be adjusted.
c ) Current versus non-current classification

All assets and liabilities have been classified as current or non-current, wherever applicable as per the operating cycle of the Company and other
criteria set out in the Act. Deferred tax asset and liabilities are classified as non-current assets and non-current liabilities as the case may be.

jd) Property, plant and equipment

Under the previous GAAP (Indian GAAP), Property, plant and equipment (PPE) were carried in the balance sheet at their respective carrying
value. Using the deemed cost exemption available as per Ind AS 101, the company has elected to carry forward the carrying value of PPE under
Indian GAAP as on 31 March 2018 as book value of such assets under Ind AS at the transition date ("1 April 2017").

Capital work-in-progress, plant and equipment is stated at cost, net of accumulated depreciation and accumulated impairment losses, if any.
Such cost includes the cost of replacing part of the plant and equipment if the recognition criteria are met. When significant parts of plant and
equipment are required to be replaced at intervals, the company depreciates them separately based on their specific useful lives. Likewise, when
a major inspection is performed, its cost is recognised in the carrying amount of the plant and equipment as a replacement if the recognition
criteria are satisfied. All other repair and maintenance costs are recognised in profit or loss as incurred.

Subsequent Costs

The cost of replacing a part of an item of property, plant and equipment is recognised in the carrying amount of the item of property, plant and
equipment, if it is probable that the future economic benefits embodied within the part will flow to the Company and its cost can be measured
reliably with the carrying amount of the replaced part getting derecognised. The cost for day-to-day servicing of property, plant and equipment are
recognised in Statement of Profit and Loss as and when incurred.

As permitted by Ind AS 101 First-time Adoption of Indian Accounting Standards, the company has continued to apply paragraph 46A of AS 11
The Effects of changes in Foreign Exchange Rates under Indian GAAP.

Accordingly, the company adjusts exchange differences arising on translation/settlement of long-term foreign currency monetary items
recognised in the financial statements for the period ending immediately before the beginning of the first Ind AS financial reporting period)
pertaining to the acquisition of a depreciable asset to the cost of the asset and depreciates the same over the remaining life of the asset. In
accordance with MCA circular dated August 09, 2012, exchange differences adjusted to the cost of fixed assets are total differences, arising on
long-term foreign currency monetary items pertaining to the acquisition of a depreciable asset, for the period. In other words, the company do not
differentiate between exchange differences arising from foreign currency borrowings to the extent they are regarded as an adjustment to the
interest cost and other exchange difference.

Gains or losses arising from de-recognition of fixed assets are measured as the difference between the net disposal proceeds and the carrying
amount of the asset and are recognized in the statement of profit and loss when the asset is derecognized.

Derecognition

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 derecognition of the asset (calculated as the difference between the
net disposal proceeds and the carrying amount of the asset) is included in the income statement when the asset is derecognised. The residual
values, useful lives and methods of depreciation of property, plant and equipment are reviewed at each financial year end and adjusted
prospectively, if appropriate.

(f) Impairment of non-financial assets

At each reporting date, the Company assesses whether there is any indication based on internal/ external factors, that an asset may be impaired.
If any such indication exists, the Company estimates the recoverable amount of asset. If such recoverable amount of the asset or the recoverable
amount of the cash generating unit to which asset belongs is less than its carrying amount, the carrying amount, the carrying amount is reduced
to its recoverable amount and the reduction is treated as an impairment loss and is recognised in the statement of profit and loss. If, at the
reporting 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. Impairment losses previously recognised are accordingly reversed in the statement of profit or loss.

(g) Impairment of financial assets

In accordance with Ind AS 109, the Company applies expected credit loss (ECL) model for measurement and recognition of impairment loss for
financial assets. ECL is the difference between all contractual cash flows that are due to the Company in accordance with the contract and all
cash flows that the Company expects to receive. When estimating the cash flows, the Company is required to consider -

i) All contractual terms of the financial assets (including prepayment and extension) over the expected life of the assets.

ii) Cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms.

Trade Receivables

The Company applies simplified approach permitted by Ind AS 109 Financial Instruments, which requires lifetime expected credit losses to be
recognised from the date of initial recognition of receivables.

Other financial assets

For recognition of impairment loss on other financial assets and risk exposure, the Company determines whether there has been a significant
increase in the credit risk since initial recognition and if credit risk has increased significantly, impairment loss is provided.

(h) Borrowing costs

Borrowing 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 capitalised as part of the cost of the asset. All other borrowing costs are expensed in the period in which
they occur. Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds (this cost also
includes exchange differences to the extent regarded as an adjustment to the borrowing costs).

The loan origination costs directly attributable to the acquisition of borrowings (e.g. loan processing fee, upfront fee) are amortised basis the
Effective Interest Rate (EIR) method over the term of the loan. The EIR amortisation is recognised under finance costs in the Statement of Profit
or Loss. The amount amortized for the period from disbursement of borrowed funds upto the date of capitalization of the qualifying assets is
added to cost of the qualifying assets.

(i) Earnings per equity share

Basic earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Company by the weighted average
number of equity shares outstanding during the period. Diluted earnings per equity share is computed by dividing the net profit attributable to the
equity holders of the Company by the weighted average number of equity shares considered for deriving basic earnings per equity share and
also the weighted average number of equity shares that could have been issued upon conversion of all dilutive potential equity shares. The
dilutive potential equity shares are adjusted for the proceeds receivable had the equity shares been actually issued at fair value (i.e. the average
market value of the outstanding equity shares). Dilutive potential equity shares are deemed converted as of the beginning of the period, unless
issue data later date. Dilutive potential equity shares are determined independently for each period presented.

The number of equity shares and potentially dilutive equity shares are adjusted retrospectively for all periods presented for any share splits and
bonus shares issues including for changes effected prior to the approval of the financial statements by the Board of Directors.

(j) Income taxes
Current income tax

Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax
rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date in India.

Current income tax relating to items recognised outside profit or loss is recognised outside profit or loss (either in other comprehensive income or
in equity). Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations are
subject to interpretation and establishes provisions where appropriate.

Current income tax assets and liabilities are offset if a legally enforceable right exists to set off these.

Deferred Tax

Deferred tax is provided using the liability method on temporary differences between the tax bases of assets and liabilities and their carrying
amounts for financial reporting purposes at the reporting date.

Deferred tax liabilities are recognised for all taxable temporary differences.

Deferred tax assets are recognised for all deductible temporary differences, the carry forward of unused tax credits and any unused tax losses.
Deferred tax assets are recognised to the extent that it is probable that taxable profit will be available against which the deductible temporary
differences, and the carry forward of unused tax credits and unused tax losses can be utilised.

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that
sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilised. Unrecognised deferred tax assets are re¬
assessed at each reporting date and are recognised to the extent that it has become probable that future taxable profits will allow the deferred tax
asset to be recovered.

In situations where company is entitled to a tax holiday under the Income-tax Act, 1961, enacted in India, no deferred tax (asset or liability) is
recognized in respect of temporary differences which reverse during the tax holiday period.

Deferred taxes in respect of temporary differences which reverse after the tax holiday period are recognized in the year in which the temporary
differences originate.

However, the company restricts the recognition of deferred tax assets to the extent that it has become reasonably certain that sufficient future
taxable income will be available against which such deferred tax assets can be realized.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is realised or the liability is
settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting date.

Deferred tax relating to items recognised outside profit or loss is recognised outside profit or loss (either in OCI or equity). Deferred tax items are
recognised in correlation to the underlying transaction either in OCI or directly in equity.

Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists to set off current tax assets against current tax
liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority.

Minimum Alternate Tax

Minimum Alternate Tax (MAT) paid in accordance with the tax laws, which gives future economic benefits in the form of adjustment to future
income tax liability, is considered as an asset if there is convincing evidence that the Company will pay normal income tax. Accordingly, MAT is
recognised as an asset in the Balance Sheet when it is probable that future economic benefit associated with it will flow to the Company.

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Mar 31, 2024

3 Summary of Significant Accounting Policies
(a) Basis of preparation

The financial statements of the Company have been prepared on going concern basis in accordance with recognition and measurement
principles prescribed under Section 133 of the Companies Act, 2013 read with the rule 3 of the Companies (Indian Accounting Standards)
Rules, 2015 and the Companies (Indian Accounting Standards) (Amendment) Rules, 2016 issued thereunder and other accounting principles
generally accepted in India.

The management believes that it is appropriate to prepare these financial statements on a going concern basis considering available
resources, current level of operations of the Company, and those projected foreseeable future.

The financial statements have been prepared on a historical cost basis, except for certain financial assets and liabilities measured at fair value.

Management has prepared Financial Statements to depict the historical financial information of the Company except for Investments forming
part of financial assets which have been measured at fair value.

(b) Use of estimates

The preparation of financial statements in conformity with Ind AS requires the management to make judgments, estimates and assumptions
that affect the reported amounts of revenues, expenses, assets and liabilities, at the end of the reporting period. Although these estimates are
based on the management''s best knowledge of current events and actions, uncertainty about these assumptions and estimates could result in
the outcomes requiring a material adjustment to the carrying amounts of assets or liabilities in future periods.

Estimates and underlying assumptions are reviewed on an ongoing basis. Any revisions to accounting estimates are recognized prospectively
in current and future periods.

Judgments

Information about judgments made in applying accounting policies that have the most significant effects on the amounts recognised in the
financial statements is included in the following notes:

- Assessment of useful life of Property, plant and equipment

- Assessment of useful life of Intangible assets

- Provisions and contingent liabilities

- Income taxes

- Lease classification indicating whether an arrangement contains a lease

- Inventory valuation

Assumptions and estimation uncertainties

Information about assumptions and estimation uncertainties that have a significant impact on the financial statements are as mentioned below:

-Recognition and measurement of provisions and contingencies: key assumptions about the likelihood and magnitude of an outflow of
resources.

-Impairment test of non-financial assets: key assumptions underlying recoverable amounts
-Impairment of financial assets
-Fair value measurement

-Recognition of deferred tax assets: Availability of future taxable profits against which such Deferred tax assets can be adjusted.

(c ) Current versus non-current classification

All assets and liabilities have been classified as current or non-current, wherever applicable as per the operating cycle of the Company and
other criteria set out in the Act. Deferred tax asset and liabilities are classified as non-current assets and non-current liabilities as the case may
be.

(d) Property, plant and equipment

Under the previous GAAP (Indian GAAP), Property, plant and equipment (PPE) were carried in the balance sheet at their respective carrying
value. Using the deemed cost exemption available as per Ind AS 101, the company has elected to carry forward the carrying value of PPE
under Indian GAAP as on 31 March 2018 as book value of such assets under Ind AS at the transition date ("1 April 2017").

Capital work-in-progress, plant and equipment is stated at cost, net of accumulated depreciation and accumulated impairment losses, if any.
Such cost includes the cost of replacing part of the plant and equipment if the recognition criteria are met. When significant parts of plant and
equipment are required to be replaced at intervals, the company depreciates them separately based on their specific useful lives. Likewise,
when a major inspection is performed, its cost is recognised in the carrying amount of the plant and equipment as a replacement if the
recognition criteria are satisfied. All other repair and maintenance costs are recognised in profit or loss as incurred.

Subsequent Costs

The cost of replacing a part of an item of property, plant and equipment is recognised in the carrying amount of the item of property, plant and
equipment, if it is probable that the future economic benefits embodied within the part will flow to the Company and its cost can be measured
reliably with the carrying amount of the replaced part getting derecognised. The cost for day-to-day servicing of property, plant and equipment
are recognised in Statement of Profit and Loss as and when incurred.

As permitted by Ind AS 101 First-time Adoption of Indian Accounting Standards, the company has continued to apply paragraph 46A of AS 11
The Effects of changes in Foreign Exchange Rates under Indian GAAP.

Accordingly, the company adjusts exchange differences arising on translation/settlement of long-term foreign currency monetary items
recognised in the financial statements for the period ending immediately before the beginning of the first Ind AS financial reporting period)
pertaining to the acquisition of a depreciable asset to the cost of the asset and depreciates the same over the remaining life of the asset. In
accordance with MCA circular dated August 09, 2012, exchange differences adjusted to the cost of fixed assets are total differences, arising
on long-term foreign currency monetary items pertaining to the acquisition of a depreciable asset, for the period. In other words, the company
do not differentiate between exchange differences arising from foreign currency borrowings to the extent they are regarded as an adjustment to
the interest cost and other exchange difference.

Gains or losses arising from de-recognition of fixed assets are measured as the difference between the net disposal proceeds and the carrying
amount of the asset and are recognized in the statement of profit and loss when the asset is derecognized.

Derecognition

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 derecognition of the asset (calculated as the difference
between the net disposal proceeds and the carrying amount of the asset) is included in the income statement when the asset is derecognised.
The residual values, useful lives and methods of depreciation of property, plant and equipment are reviewed at each financial year end and
adjusted prospectively, if appropriate.

(e) Depreciation/amortization of fixed assets

Depreciation is calculated on a written down value basis over the estimated useful lives of the assets as follows:

Years

• Plant and equipment 12

• Office equipment 05

• Furniture & fixture 10

• Computers 03

• Vehicles 08

• Computer Software 06

Fixed assets having value less than INR 5,000 are fully depreciated in the year in which it is put to use.

The residual values, useful lives and method of depreciation are reviewed at the end of each financial year.

(f) Impairment of non-financial assets

At each reporting date, the Company assesses whether there is any indication based on internal/ external factors, that an asset may be
impaired. If any such indication exists, the Company estimates the recoverable amount of asset. If such recoverable amount of the asset or the
recoverable amount of the cash generating unit to which asset belongs is less than its carrying amount, the carrying amount, the carrying
amount is reduced to its recoverable amount and the reduction is treated as an impairment loss and is recognised in the statement of profit and
loss. If, at the reporting 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. Impairment losses previously recognised are accordingly reversed in the
Istatement of profit or loss._

(g) Impairment of financial assets

In accordance with Ind AS 109, the Company applies expected credit loss (ECL) model for measurement and recognition of impairment loss
for financial assets. ECL is the difference between all contractual cash flows that are due to the Company in accordance with the contract and
all cash flows that the Company expects to receive. When estimating the cash flows, the Company is required to consider -

i) All contractual terms of the financial assets (including prepayment and extension) over the expected life of the assets.

ii) Cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms.

Trade Receivables

The Company applies simplified approach permitted by Ind AS 109 Financial Instruments, which requires lifetime expected credit losses to be
recognised from the date of initial recognition of receivables.

Other financial assets

For recognition of impairment loss on other financial assets and risk exposure, the Company determines whether there has been a significant
increase in the credit risk since initial recognition and if credit risk has increased significantly, impairment loss is provided.

(h) Borrowing costs

Borrowing 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 capitalised as part of the cost of the asset. All other borrowing costs are expensed in the period in
which they occur. Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds (this cost
also includes exchange differences to the extent regarded as an adjustment to the borrowing costs).

The loan origination costs directly attributable to the acquisition of borrowings (e.g. loan processing fee, upfront fee) are amortised basis the
Effective Interest Rate (EIR) method over the term of the loan. The EIR amortisation is recognised under finance costs in the Statement of
Profit or Loss. The amount amortized for the period from disbursement of borrowed funds upto the date of capitalization of the qualifying assets
is added to cost of the qualifying assets.

(i) Earnings per equity share

Basic earnings per equity share is computed by dividing the net profit attributable to the equity holders of the Company by the weighted
average number of equity shares outstanding during the period. Diluted earnings per equity share is computed by dividing the net profit
attributable to the equity holders of the Company by the weighted average number of equity shares considered for deriving basic earnings per
equity share and also the weighted average number of equity shares that could have been issued upon conversion of all dilutive potential
equity shares. The dilutive potential equity shares are adjusted for the proceeds receivable had the equity shares been actually issued at fair
value (i.e. the average market value of the outstanding equity shares). Dilutive potential equity shares are deemed converted as of the
beginning of the period, unless issue data later date. Dilutive potential equity shares are determined independently for each period presented.
The number of equity shares and potentially dilutive equity shares are adjusted retrospectively for all periods presented for any share splits
and bonus shares issues including for changes effected prior to the approval of the financial statements by the Board of Directors.

(j) Income taxes
Current income tax

Current income tax assets and liabilities are measured at the amount expected to be recovered from or paid to the taxation authorities. The tax
rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date in India.

Current income tax relating to items recognised outside profit or loss is recognised outside profit or loss (either in other comprehensive income
or in equity). Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations
are subject to interpretation and establishes provisions where appropriate.

Current income tax assets and liabilities are offset if a legally enforceable right exists to set off these.

Deferred Tax

Deferred tax is provided using the liability method on temporary differences between the tax bases of assets and liabilities and their carrying
amounts for financial reporting purposes at the reporting date.

Deferred tax liabilities are recognised for all taxable temporary differences.

Deferred tax assets are recognised for all deductible temporary differences, the carry forward of unused tax credits and any unused tax losses.
Deferred tax assets are recognised to the extent that it is probable that taxable profit will be available against which the deductible temporary
differences, and the carry forward of unused tax credits and unused tax losses can be utilised.

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer probable that
sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilised. Unrecognised deferred tax assets are re¬
assessed at each reporting date and are recognised to the extent that it has become probable that future taxable profits will allow the deferred
tax asset to be recovered.

In situations where company is entitled to a tax holiday under the Income-tax Act, 1961, enacted in India, no deferred tax (asset or liability) is
recognized in respect of temporary differences which reverse during the tax holiday period.

Deferred taxes in respect of temporary differences which reverse after the tax holiday period are recognized in the year in which the temporary
differences originate.

However, the company restricts the recognition of deferred tax assets to the extent that it has become reasonably certain that sufficient future
taxable income will be available against which such deferred tax assets can be realized.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is realised or the liability
is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the reporting date.

Deferred tax relating to items recognised outside profit or loss is recognised outside profit or loss (either in OCI or equity). Deferred tax items
are recognised in correlation to the underlying transaction either in OCI or directly in equity.

Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right exists to set off current tax assets against current tax
liabilities and the deferred taxes relate to the same taxable entity and the same taxation authority.

Minimum Alternate Tax

Minimum Alternate Tax (MAT) paid in accordance with the tax laws, which gives future economic benefits in the form of adjustment to future
income tax liability, is considered as an asset if there is convincing evidence that the Company will pay normal income tax. Accordingly, MAT
is recognised as an asset in the Balance Sheet when it is probable that future economic benefit associated with it will flow to the Company.

(k) Contingent liabilities and assets

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only
by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the company or a present
obligation that arises from past events where it is either not probable that an outflow of resources will be required to settle or a reliable estimate
of the amount cannot be made.

Contingent assets are disclosed where an inflow of economic benefits is probable.

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Mar 31, 2014

1.1. BASIS OF PREPARATION OF FINANCIAL STATEMENTS

A. SYSTEM OF ACCOUNTING :

The Financial statements are prepared under the historical cost convention on accrual basis of accounting, in accordance with Generally Accepted Accounting Principles in India, the Accounting Standards issued by the Institute of Chartered Accountants of India and relevant provisions of the Companies Act,1956.

B. USE OF ESTIMATES :

The preparation of financial statements in conformity with Generally Accepted Accounting Principles (GAAP) in India requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosures of contingent liabilities on the date of financial statements and reported amounts of income and expenses during the period. Although these estimates are based upon management''s best knowledge of current events and actions, actual result could differ from these estimates.

C. CONSISTENCY :

Accounting Policies have been consistently applied by the Company and are consistent with those used in the previous year.

1.2. FIXED ASSETS

Fixed Assets are stated at their original cost of acquisition/installation (net of cenvat credit availed) net of accumulated depreciation, amortization and impairment

1.3. DEPRECIATION

Depreciation is provided on written down value/straight line method at the rates and in the manner prescribed in Schedule XIV to the Companies Act, 1956.Assets costing below Rs.5000/- are depreciated at 100%.

1.4. OPERATING INCOMES:

Sales are recognised on execution of contracts by the broker, net of all expenses. if any. Dividend income is recognised on receipt basis. Interest income is recognised on the time proportion basis as certified by the banker/institution.

1.5. INVENTORIES :

Inventories of the company consisting of shares and securities are valued by the management at cost or market value which ever is lower.

1.6. INVESTMENTS :

Non Current and Unquoted Current Investments are stated at cost & Quoted Current Investments at lower of cost or market price.Provision for diminution in the value of Non Current Investments is made only if such a decline is other than temporary in the opinion of the management.

On disposal of an investment, the difference between its carrying amount and net disposal proceeds is charged or credited to the Statement of Profit and Loss. Profit or Los on sale of investments is determined on a first-in-first-out (FIFO) basis.

1.7. PROVISION FOR TAXATION : Current Tax:

Provision is made for income tax, under the tax payable method, based on the liability as computed after taking credit for allowances and exemptions. Adjustments in books are made only after the completion of the assessment. In case of Matters under appeal, due to disallowances or otherwise, full provision is made when the said liabilities have been determined.

Deffered Tax:

The tax effect is calculated on the accumulated timing diffrences at the end of each financial year. The deferred tax assets are recognised only is there is reasonable certainity that they will be realised and are reviewed for the appropriateness of their respective carrying at each balance sheet date.

1.8. PROVISIONS AND CONTINGENCIES :

The Company creates a provision when there exists a present obligation as a result of a past event that probably requires an outflow of resources and a reliable estimate can be made of the amount of the obligation. A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not require an outflow of resources. When there is a possible obligation or a present obligation in respect of which likelihood of outflow of resources is remote, no provision or disclosure is made.

1.9. EARNINGS PER SHARE :

The Basic and Diluted Earnings Per Share ("EPS") is computed by dividing the net profit after tax for the year by weighted average number of equity shares outstanding during the year from time to time.

1.10. IMPAIRNMENT OF ASSETS:

An Impairment asset is charged for when the asset is identified as impaired. The impaired loss recognized in the prior accounting period is reversed if there has been a change in the estimate of recoverable amount.

1.11. The policies not specifically mentioned above are in agreement with the Accounting Standards issued by the institute of Chartered Accountants of India.

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Mar 31, 2013

1.1 Accoiiiilim; Policies have been consisleiillv ai)|)hed bv the Company and are consistent with those used in the previous vear.

1.2. HMD ASSETS

fixed Assets arc stated at their original cost ofacc|iiisilion/inslallalion (net of cenvat credit availed) net of accumulated depreciation, amortization and impairment losses.

Depreciation is provided on written down value/straight line method at the rates and in the manner prescribed in Schedule XIV to the Companies Act, 1956.Assets costing

1.4. OPERATING INCOMES:

les are recognised on execution ol eonlracls by the broker, net of all expenses, if any. Dividend income is recognised when the right to receive payment is established. Interest income is recognised on Ihe time proportion basis

Invenloi ics ol the company consisting ol shares and securities arc valued by the management at cost or market value which ever is lower.

INVESTMENTS:

Nun ( in i cut and Unquoted Current Investments are slated at cost & Quoted Current Investments at lower of cost or market price.Provision for diminution in the value of Non Currenl Investments is made only if such a decline is other than temporary in the opinion of Ihe management.

In disposal of an investment, the difference between its carrying amount and net disposal proceeds is charged or credited to the Statement of Profit and Loss. Profit or Loss on sale of investments is determined on a firsl-in-first-out (FIFO) basis.

1.7. PROVISION I OK TAXATION : ( uncut Tax:

Provision is made for income tax, under the tax payable method, based on the liability as computed alter taking credit for allowances and exemptions. Adjustments in books arc made only after the completion of Ihe assessment. In case of Matters under appeal, due to disallowances or otherwise, full provision is made when the said liabilities.

Differed Tax:

The ta.x effect is calculated on the accumulated timing diffrences at the end of an tax assets are recognised only is there is reasonable certainity that they will be realised and arc reviewed for the appropriateness of their respective carrying at each balance sheet date.

1.8. JlKOVISIONS AND CONTINGENCIES :

e Company creates a provision when there exists a present obligation as a result of a past event that probably requires an outflow of resources and a reliable estimate # can be made of the amount of the obligation. A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but probably will not require an outflow of resources. When there is a possible obligation or a present obligation in respect of which likelihood of outflow of resources is remote, no provision or disclosure is made.

1.9. EARNINGS PER SHAKE:

The Basic and Diluted Earnings Per Share ("EPS") is computed by dividing the net profit after tax for the year by weighted average number of equity shares outstanding during the year from time to time.

11), EMPAIRNMENT OF ASSETS:

An Impairment asset is charged for when the asset is identified as impaired. The impaired loss recognized in the prior accounting period is reversed if there has been a change in the estimate of recoverable amount.

11. The policies not specifically mentioned above are in agreement with the Accounting Standards issued by the institute of Chartered Accountants of India.

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Mar 31, 2011

L. ACCOUNTING CONVENTION:

The Accounts are prepared under the historic cost convention on Going concern concept as per the mandatory accounting standards. The Company generally follows mercantile system of accounting and recognises income & expenditure on accrual basis except those with significant uncertainties.

2. FIXED ASSETS:

Fixed assets are stated at cost less accumulated depreciation.

3. DEPRECIATION:

Depreciation is provided on written down value method at the rates and in the manner prescribed in Schedule XIV to the Companies Act, 1956.

Deprecation on addition/deletion of assets during the year is provided on pro-rata basis.

Assets costing below Rs.5000/- are depreciated at 100%.

4. SALES:

Sales are exclusive of any duties or taxes levied by the Central Government, State Government or any Local Authority.

5. INVENTORIES:

Inventories of shares is valued at cost.

Inventories have been taken, valued and certified by the management.

6. INCOME TAX:

Current Tax: Provision is made for income tax, under the tax payable method, based on the liability as computed after taking credit for allowances and exemptions. Adjustments in books are made only after the completion of the assessment. In case of matters under appeal, due to disallowances or otherwise, full provision is made when the said liabilities are accepted by the Company.

Deferred Tax: The tax effect is calculated on the accumulated timing differences at the end of an accounting period based on prevailing enacted regulations. Deferred tax assets are recognised only if there is reasonable certainty that they will be realised and are reviewed for the appropriateness of their respective carrying values at each balance sheet date.

7. INVESTMENTS:

Long Term and Unquoted Current Investments are stated at cost & Quoted Current Investments at lower of cost or market price . Provision for diminution in the value of Long Term Investments is made only if such a decline is other than temporary in the opinion of the management.

8. IMPAIRMENT OF ASSETS:

An asset is treated as impaired when the carrying cost of the assets exceeds its recoverable value. An impairment loss is charged for when the asset is identified as impaired. The impairment loss recognized in the prior accounting period is reversed if there has been a change in the estimate of recoverable amount.

The policies not specifically mentioned above are in agreement with the Accounting Standards issued by the Institute of Chartered Accountants of India.

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Mar 31, 2010

1. ACCOUNTING CONVENTION:

The Accounts are prepared under the historic cost convention on Going concern concept as per the mandatory accounting standards. The Company generally follows mercantile system of accounting and recognises income & expenditure on accrual basis except those with significant uncertainities.

2 FIXED ASSETS:

Fixed assets are stated at cost less accumulated depreciation.

3 DEPRECIATION:

Depreciation is provided on written down value method at the rates and in the manner prescribed in Schedule XIV to the Companies Act, 1956.

Deprecation on addition/deletion of assets during the year is provided on pro-rata basis.

Assets costing below Rs.5000/- are depreciated at 100%.

4. SALES:

Sales are exclusive of any duties or taxes levied by the Central Government, State Government or any Local Authority.

5 INVENTORIES:

Inventories of shares is valued at cost.

Inventories have been taken, valued and certified by the management.

6. INCOME TAX:

Current Tax: Provision is made for income tax, under the tax payable method, based on the liability as computed after taking credit for allowances and exemptions. Adjustments in books are made only after the completion of the assessment. In case of matters under appeal, due to disallowances or otherwise, full provision is made when the said liabilities are accepted by the Company.

Deferred Tax: The tax effect is calculated on the accumulated timing differences at the end of an accounting period based on prevailing enactad regulations. Deferred tax assets are recognised only if there is reasonable certainty that they will be realised and are reviewed for the appropriateness of their respective carrying values at each balance sheet date.

7. INVESTMENTS:

Long Term and Unquoted Current Investments are stated at cost & Quoted Current Investments at lower of cost or market price . Provision for diminution in the value of Long Term Investments is made only if such a decline is other than temporary in the opinion of the management.

8. IMPAIRMENT OF ASSETS:

An asset is treated as impaired when the carrying cost of the assets exceeds its recoverable value. An impairment loss is charged for when the asset is identified as impaired. The impairment loss recognized in the prior accounting period is reversed if there has been a change in the estimate of recoverable amount.

The policies not specifically mentioned above are in agreement with the Accounting Standards issued by the Institue of Chartered Accountants of India.