Accounting Policies of Tranway21 Technologies Ltd. Company

Mar 31, 2024

B. SIGNIFICANT ACCOUNTING POLICIES:

1) Basis of Preparation of financial statements:

a) These financial statements have been prepared in accordance with the Generally Accepted Accounting Principles (Indian GAAP) in India
under the historical cost convention on accrual basis and on principles of going concern. The accounting policies are consistently applied by
the Company.

b) These financial statements have been prepared to comply in all material aspects with the Accounting Standards notified under Rule 7 of
the Companies (Accounts) Rules, 2014 in respect of section 133 of the Companies Act, 2013 and other recognized accounting practices and
policies.

c) All assets and liabilities have been classified as current or non-current as per the Company''s normal operating cycle and other criteria set
out in the Schedule III to the Companies Act, 2013. Based on the nature of products and the time between the acquisition of assets for
processing and their realization in cash and cash equivalents, the Company has ascertained its operating cycle as 12 months for the purpose of
current - non-current classification of assets and liabilities.

2) Use of Estimates:

The preparation of the financial statements requires the management to make estimates and assumptions which are considered to arrive at
the reported amounts of assets and liabilities disclosure of contingent liabilities as on the date of the financial statements and the reported
income and expenses during the reporting year. Although, these estimates are based upon the management''s best knowledge of current
events and actions, actual results could differ from these estimates. The difference between the actual results and estimates are recognized in
the period in which the results are known / materialized. Any revision to the accounting estimates is recognised prospectively in the current
and future accounting years.

3) Depreciation:

Depreciation

Depreciation on Property, Plant and Equipment as at 31st March 2024 and 31st March 2023 is provided for on Written Down Value Method
calculated with reference to the useful life of the asset prescribed in Schedule II of the Companies Act, 2013. The company provides pro-rata
depreciation on additions and disposals made during the period/year. Software are under development is not put to use as on 31.03.2024.
Therefore no amortisation charged during the current year.

4) Property, plant and equipment (PPE) and Intangible assets:

PPE

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment (if any). The cost of property,
plant and equipment comprises its purchase price and any attributable cost of bringing the asset to its working condition for its intended use.
Expenditure on addition, Improvement and renewals is capitalized and expenditure for maintenance and repair is charged to Profit and Loss
account.

Intangible Assets

Intangible assets are stated at acquisition cost, net of accumulated amortization and accumulated impairment losses (if any). Intangible assets
are amortized on a straight line basis over their estimated useful lives. A rebuttable presumption that the useful life of an intangible assets will
not exceed ten years from the date when asset is available for use is considered by the management. The amortisation period and
amortisation method are reviewed at least at each financial year end and if the expected useful life of the asset is significantly different from
previous estimate, the amortisation period is changes accordingly. Software are under development is not put to use as on
31.03.2024.Therefore no amortisation charged during the current year.

5) Borrowing Costs:

General and specific borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets
that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such
time as the assets are substantially ready for their intended use or sale. All other borrowing costs are recognised in Statement of Profit and
Loss in the period in which they are incurred.

6) Investments:

Investments are classified into long term investments and current investments. Investments that are readily realisable and are intended to be
held for not more than one year from the date, are classified as current investments. All other investments are classified as long term
investments. Current investments are carried at cost or fair value, whichever is lower. Long term investments are carried at cost. However,
provision for diminution is made to recognize a decline, other than temporary, in the value of investments, such reduction being determined
and made for each investment individually.

7) Inventories:

There is no inventory.

8) Revenue Recognition:

(a) Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and revenue can be reliably
measured and there is reasonable certainty regarding ultimate collection.

(b) Revenue in respect of other income is recognized when no significant uncertainty as to its determination or realization exist.

(c) Interest income is recognized on a time proportion basis taking into account the amount outstanding and the rate applicable.

9) Taxes on Income :

Tax expense comprises of current tax & deferred tax.

(a) Current income tax is amount of tax payable on the taxable income for the year determined in accordance with the provisions of the
Income Tax Act,1961.The Company has opted new tax regime under section 115BAA of Income Tax Act 1961.

(b) Deferred Tax reflects the impact of current year timing differences between taxable income and accounting income for the current
reporting year and reversal of timing differences of earlier years. Deferred tax is measured based on the tax rates and tax laws that are
enacted or substantively enacted at the Balance Sheet date. 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. The deferred tax assets and deferred tax liabilities relate to the taxes on
income levied by the same governing tax laws Deferred tax asset are recognized only to the extent there is reasonable certainty that sufficient

future taxable income will be available against which such deferred tax assets can be realized.

At each Balance Sheet date, the company re-assesses unrecognized deferred tax assets.