Jungle Camps India Ltd. நிறுவனத்தின் கணக்கியல் கொள்கைகள்

Mar 31, 2025

CORPORATE INFORMATION

The Company was originally incorporate as "Peneft Jungle Resorts Private Limited” under the provisions of the Companies Act.. 1956 vide Certificate of incorporation (CIN No. U55101DL2002PTC116282 } dated July 22, 2002, issued fay the Registrar of Companies, Dehi. Subsequently, the name of our Company was changed to "Jungle Camps India Private Limited" pursuant to shareholders resolution passed at Extra-ordinary General Meeting held on 2nd January 2024, A fresh Certificate of Incorporation (CIN No. U55l01DL2002PTCil6282 ) consequent upon change of name was issue by the Registrar of Companies Delhi on February 15, 2024 subsequent to this change company has been converted from private limited to public limited w.e-f. 08.06.2024 and a Fresh Certificate of Incorporation ( CIN No. U55101DL2002PLC116282) was issue by the Registrar of Companies, Delhi on June 13, 2024 .Our Company is a conservation focused hospitality group and operating wildlife resorts and highway treat at prime wildlife and tiger reserves located at national parks across central India, and many ocher bespoke travel related experiences.

27.Sionificant accounting polices

27.1. 8asis of preparation of financial statement

These financial statements are prepared in accordance with Indian Generally Accepted Accounting Principles (GAAP) under the historical cost convention on the accrual basis except for certain financial instruments which are measured at fair values. GAAP comprises mandatory accounting standards as prescribed under Section 133 of the Companies Act, 2013 fthe Acs'') read with Rule 7 of the Companies (Accounts) Rules, 2014. Accounting polices have been consistently applied except where a newly-issued accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use.

All the assets and liabilities have been classified as current or noncurrent as per the Company''s normal operating cycle 3nd other criteria set out in Schedule III to the Companies Act 2013.Currer,t Assets induces the current portion of non-current financial assets. Current liabilities includes current portion of non-current financial labilities.

27.2. Use of estimates

The preparation of the financial statements in conformity with Indian GAAP requires the Management to make estmates and assumptions that affect the reported balances of assets and l abilities and disclosures relating to contingent liabilities as at the date of the financial statements and reported amounts of income and expenses during the period. Accounting estimates could chance from period to period. Actual results could differ from those estimates. Appropriate changes in estimates are made as the Management becomes aware of changes in circumstances surrounding the estimates. Changes in estimates are reflected in the financial statements in the period in which changes are made and. if materia!, their effects are disclosed in the notes to the financial statements.

27.3. Revenue Recognition

The Company''s revenue recognition policies are in accordance with the Prudential Norms arc Accounting Standards specified under Section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014 for income recognition.

27.4. Property Plant Equipment''s and Intangible Assets

Property Plant Equipments and Intangible Assets are stated at cost less accumulated depreciation 3nd impairment if any. Direct costs ere capialized until such assets aa ready for use. Capital work-in-progress comprises the cost of property plant equipment''s and mtargible assets that are not yet ''eady for their intended use at the reporting date

27.5. Depreciation and amortization

Pursuant to Cor7.pBr.j5s Act. 2013 (’the Act''^-) being effective from 1st April 2014. the Company has depreciated its fixed assets on straight line method based on the useful Eves as specified in Part ’C'' of Schedule II to the Act.

27.6. Cash and cash equivalents

Cash and cash equivalents comprise cash and cash-on-deposit with banks and financial institutions. The Company considers all highly liquid investments with a remaining maturity at the date of purchase of three months o- ess and that 3re readily convertible to known amounts o’ cash to be cash equivalents.

27.7. Cash flow statement

Cash flows are reported using the indirect method, whereby profit before tax is adjusted for the effects of transactions of a non-cash nature, any deferrals o*-accruals of past or future operating cash receipts or payments and -tern of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Company are segregated.

27.8. Investments

Investments are either classified as current or long-term based on the Management''s intention. Current investments are carried at the lower of cost and lair value of each investment individually. Cost for investments comprises the Indian rupee vak>= of the consideration paid for the investment. Long-term investments are carried at cost less provisions recorded to recognize any decline, other than temporary, in the carrying value of each investment.

27.9 Tide Deeds of all the immovable Properties are in the name of company except as mentionet			below:
Jurat Carp Si Bson rfrghnsay Treat. Jafcipj--''iagpj- Highboy. Pend) Tiger Resene^Senra.PAsahyr SraO-sfi	•0 Years	HatfJye Pradesh £3 "cunsm C^e/eicpmert 3serZ
Mowsy Tr-sl el Dec Kbttar. Dist Kews. Msdra 30 Y esrz r-reCGft		Madhya Pradesh Tcu-ism Board
Khssra fto. 151/1 & 151/2 st Wage : 5e£J. Madrya FraCesfi		Matflye Pradesh Tourism Board
iC''iasra No.113 & 116 at Village Pars*. CtsE. 5t*V 50 Years Madhya °raOssh L--		VaJiya Pradesh Toj-ssm Boa-d
Kneera rto.lJ-W. srecpx Port, u*st aheopur. Madhya Pradesh	SO Years	VeChva Ptadesh 1 curism Board
27.10. Capital Work in progress Capital Work in Progress aging Schedule			Amt- in B* ZCZ
Less than 1 Year Capital Proiect in progress As at 31st March 2025 62.443.61 As at 31st March 2024 5,522.91	Amount in CWIP for a period of TOTAL More than 3 1-2 Years 2-3 Years Years 5,522.91 633.96 - 68,600.48 633.96 - - 6,156.87

27.11. No proceedings have been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder.

27.12. The company is not declared as a wilful defaulter by any bank or financial institution or any other lender.

27.13. There are no transactions with the companies whose names are struck off under section 248 of the Companies Act, 2013 or Section 560 of the Companies Act, 1956 during the year ended 31st March, 2025.

27.14. The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

27.15 The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

27.16 The company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies fRestriction on number of Lavers^ Rules. 2017

27.17 The Company has utilised the borrowed funds for the purposes for which the fund is obtained.

27.18 No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the company to or in any other person(s) or entities, including foreign entities ("Intermediaries"), with the understanding that the intermediary shall whether directly or indirectly lend or invest in other persons or entities identified in any manner by or on behalf of the company (Ultimate Beneficiaries) or provide any guarantee, security or the like on behalf of ultimate beneficiaries;

27.19 No funds have been received by the company from any person(s) or entities including foreign entities ("Funding Parties") with the understanding that such company shall whether, directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the funding party (ultimate beneficiaries) or provide guarantee, security or the like on behalf of the Ulbmate beneficiaries

27.20 The Current Assets, Loans & Advances are realisable in ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet.

27.21 There are no indications of impairment on any individual cash generating assets or on cash generating units in the opinion of management and therefore no test of impairment is carried out.

27.22 Based on the evaluation, the Company is not aware of any subsequent events or transactions, that would require recognition or disclosure in the financial statements.

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Mar 31, 2024

CORPORATE INFORMATION

The Company was originally incorporated as “Pench Jungle Resorts Private Limited” under the provisions of the Companies Act 1956 vide Certificate of incorporation (CIN No. U55101DL2002PTC116282 ) dated July 22, 2002, issued by the Registrar of Companies, Delhi. Subsequently, the name of our Company was changed to “Jungle Camps India Private Limited” pursuant to shareholders resolution passed at Extra-ordinary General Meeting held on 2nd January 2024, A fresh Certificate of Incorporation (CIN No. U55101DL2002PTC116282 ) consequent upon change of name was issue by the Registrar of Companies, Delhi on February 15, 2024.Our Company is a conservation focused hospitality group and operating wildlife resorts and highway treat at prime wildlife and tiger reserves located at national parks across central India, and many other bespoke travel related experiences.

26.Significant accounting polices

26.1. Basis of preparation of financial statement

These financial statements are prepared in accordance with Indian Generally Accepted Accounting Principles (GAAP) under the historical cost convention on the accrual basis except for certain financial instruments which are measured at fair values. GAAP contpiises mandatory accounting standards as prescribed under Section 133 of the Companies Act, 2013 (The Act’) read with Rule 7 of the Companies (Accounts) Rules, 2014. Accounting policies have been consistently applied except where a newly-issued accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use.

All the assets and liabilities have been classified as current or non-current as per the Company’s normal operating cycle and other ciiteria set out in Schedule III to the Companies Act, 2013.Current Assets includes the current portion of non-current financial assets. Current liabilities includes current portion of non-current financial liabilities.

26.2. Use of estimates

The preparation of the financial statements in conformity with Indian GAAP requires the Management to make estimates and assumptions that affect the reported balances of assets and liabilities and disclosures relating to contingent liabilities as at the date of the financial statements and reported amounts of income and expenses during the period. Accounting estimates could change from period to period. Actual results could differ from those estimates. Appropriate changes in estimates are made as the Management becomes aware of changes in circumstances surrounding the estimates. Changes in estimates are reflected in the financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to the financial statements.

26.3. Revenue Recognition

The Company’s revenue recognition policies are in accordance with the Prudential Norms and Accounting Standards specified under Section 133 of the Companies Act, 2013, read with Rule 7 of the Companies (Accounts) Rules, 2014 for income recognition.

26.4. Property Plant Equipment''s and Intangible Assets

Property Plant Equipment’s and Intangible Assets are stated at cost, less accumulated depreciation and impairment, if any. Direct costs are capitalized until such assets are ready for use. Capital work-in-progress comprises the cost oTproperty plant equipment’s and intangible assets that are not yet ready for their intended use at the reporting date . ^\ ~\ * A

''•((twd \A\

T\ US) s i 3

26.5. Depreciation and amortization

Pursuant to Companies Act, 2013 (‘the Act’) being effective from 1st April 2014, the Company has depreciated its fixed assets on straight line method based on the useful lives as specified in Part ‘C’ of Schedule II to the Act.

26.6. Cash and cash equivalents

Cash and cash equivalents comprise cash and cash-on-deposit with banks and financial institutions. The Company considers all highly liquid investments with a remaining maturity at the date of purchase of three months or less and that are readily convertible to known amounts of cash to be cash equivalents.

26.7. Cash flow statement

Cash flows are reported using the indirect method, whereby profit before tax is adjusted for the effects of transactions of a noncash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with investing or financing cash flows. The cash flows from operating, investing and financing activities of the Company are segregated.

26.8. Investments

Investments are either classified as current or long-term based on the Management’s intention. Current investments are carried at the lower of cost and fair value of each investment individually. Cost for investments comprises the Indian rupee value of the consideration paid for the investment. Long-term investments are carried at cost less provisions recorded to recognize any decline, other than temporary, in the carrying value of each investment.

26.9 Title Deeds of all the immovable Properties are held in the name of company expect Bison Highway Retreat, situated at Rukhad Buffer Zone, Pench National Park (Taken on Lease from MP Ecotourism Development Board) & Midway Retreat, Deo Kothar, Rewa (Taken on Lease from Madhya Pradesh Tourism Board).

26.10. Capital Work in progress

Capital Work in Progress aging Schedule

		Amount in CWIP for a period of	TOTAL
	Less than 1 Year	1-2 Years 2-3 Years	More than 3 Years
Capital Project in progress
As at 31 st March 2024	5,522.91	633.96 -	6,156.87
As at 31st March 2023	633.96	_	633.96

26.11. No proceedings have been initiated or pending against the company for holding any benami property under the Benami

26.12. The company is not declared as a wilful defaulter by any bank or financial institution or any other lender.

26.13. There are no transactions with the companies whose names are struck off under section 248 of the Companies Act, 2013 or Section 560 of the Companies Act, 1956 during the year ended 31 March 2024.

26.14. The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period

26.15 The Company has not traded or invested in Crypto currency or Virtual Currency during the financial yea»v

¦ ¦

26.16 The company has complied with the number of layers prescribed under clause (87) of section 2 of the WiShj

Companies (Restriction on number of Lavers) Rules, 2017

26.17 The Company has utilised the borrowed funds for the purposes for which the fund is obtained.

26.18 No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the company to or in any other person(s) or entities, including foreign entities

( Intel mediaries’), with the understanding that the intermediary shall whether directly or indirectly lend or invest in other persons or entities identified in any manner by or on behalf of the company (Ultimate Beneficiaries) or provide any guarantee, security or the like on behalf of ultimate beneficiaries;

26.19 No funds have been received by the company from any person(s) or entities including foreign entities (“Funding Parties”) with the understanding that such company shall whether, directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the funding party (ultimate beneficiaries) or provide guarantee, security or the like on behalf of the Ultimate beneficiaries

26.20 The Current Assets, Loans & Advances are realisable in ordinary course of business at least equal to the amount at which they are stated in the Balance Sheet.

26.21 There are no indications of impairment on any individual cash generating assets or on cash generating units in the opinion of management and therefore no test of impairment is carried out.

26.22 Based on the evaluation, the Company is not aware of any subsequent events or transactions, that would require recognition or disclosure in the financial statements.