Kotia Enterprises Ltd. நிறுவனத்தின் கணக்கியல் கொள்கைகள்

Mar 31, 2025

Note 1: Corporate Information

Kotia Enterprises Limited (“the Company”] is a company domiciled in India and limited by shares (CIN:
L74110DL1980PLC010678). The Company is engaged in the business of trading in goods. The Company is listed on
Bombay Stock exchange (BSE) [Script code: KEL] & Metropolitan Stock Exchange of India (MSEI) [Script code: KEL].

Note 2: Basis for preparation of Standalone Financial Statements:

(a) Compliance with Ind AS

These Standalone Financial Statements are prepared on going concern basis following accrual basis of accounting and
comply in all material aspects with the Indian Accounting Standards (Ind AS) notified under the Companies (Indian
Accounting Standards) Rules, 2015 and subsequent amendments thereto & the Companies Act, 2013.

(b) Basis of measurement/ Use of estimate

(i) The Standalone Financial Statements are prepared on going concern and accrual basis under the historical cost
convention

(ii) The preparation of Standalone Financial Statements requires judgments, estimates and assumptions that affect the
reported amount of assets and liabilities, disclosure of contingent liabilities on the date of the Standalone Financial
Statements and the reported amount of revenues and expenses during the reporting period.

(c) Recent Accounting Pronouncements:

The Company has adopted certain new accounting standards and amendments effective from April 1, 2024. Ind AS 117,
Insurance Contracts, which replaces Ind AS 104, provides comprehensive guidance on the recognition, measurement,
presentation, and disclosure of insurance contracts; however, it had no impact on the Company''s financial statements as
the Company has not entered into any insurance contracts.

Further, an amendment to Ind AS 116, Leases, relating to lease liabilities arising from sale and leaseback transactions,
was also notified. Since the Company has not undertaken any such transactions, the amendment did not affect its
financial statements. As of the reporting date, there are no new standards that have been notified but are not yet
effective.

(d) Functional and presentation currency

These Standalone Financial Statements are presented in Indian Rupees (INR), which is the Company''s functional
currency. All financial information presented in INR has been rounded to the nearest hundreds (up to two decimals),
except as stated otherwise.

Note 3: Material Accounting Policies:

A summary of the material accounting policies applied in the preparation of the Standalone Financial Statements are as
given below. These accounting policies have been applied consistently to all periods presented in the Standalone
Financial Statements.

(a) Property, Plant and Equipment
1.1. Initial recognition and measurement

Property, plant and equipment (“PPE”) are measured at cost less accumulated depreciation/amortization and
accumulated impairment losses. Cost includes expenditure that is directly attributable to bringing the asset, inclusive of
non-refundable taxes & duties, to the location and condition necessary for it to be capable of operating in the manner
intended by management.

When parts of an item of property, plant and equipment have different useful lives, they are recognized separately.

Spare parts are capitalized when they meet the definition of PPE, i.e. when the Company intends to use these for a period
exceeding 12 months.

On transition to IND AS, the Company has elected to continue with the carrying value of all of its PPE recognized,
measured as per the previous GAAP and use that carrying value as the deemed cost of the PPE.

1.2. Depreciation

Depreciation on Property, Plant and Equipment, including assets taken on lease, other than freehold land is charged
based on Written down method on an estimated useful life as prescribed in Schedule II to the Companies Act, 2013.

Depreciation on additions to/deductions from property, plant and equipment during the year is charged on pro-rata
basis from/up to the date on which the asset is available for use/disposed.

In circumstance, where a PPE is abandoned, the cumulative capitalized costs relating to the property are written off in
the same period.

The useful life of asset taken into consideration as per Schedule II for the purpose of calculating depreciation is as
follows: -

An item of Property, Plant and Equipment is derecognized upon disposal or when no future economic benefits are
expected to arise from the continued use of the asset. Any gain or loss arising on the disposal or retirement of an item of
Property, Plant and Equipment are determined as a difference between the sale proceeds and the carrying amount of the
asset and is recognized in the profit and loss. Depreciation is charged till the date of disposal of Asset. At the end of each
reporting period, the Company reviews the carrying amounts of tangible and intangible assets to determine whether
there is any indication that those assets have suffered an impairment loss.

(b) Revenue recognition:

With Effective 1st April, 2018, the Company has applied Ind AS 115 - Revenue from Contracts with Customers Pursuant
to adoption of Ind AS 115, Revenue from contracts with customers are recognized when the control over the goods or
services promised in the contract are transferred to the customer. The amount of revenue recognized depicts the
transfer of promised goods and services to customers for an amount that reflects the consideration to which the
Company is entitled to in exchange for the goods or services.

Sale of goods: -

Revenue from sale of goods is recognized when the control over such goods has been transferred, being when the goods
are delivered to the customers Delivery occurs when the products have been shipped or delivered to the specific
location as the case may be, risks of loss have been transferred to the customers, and either the customer has accepted
the goods in accordance with the sales contract or the acceptance provisions have lapsed or the Company has objective
evidence that all criteria for acceptance have been satisfied. Revenue from these sales are recognized based on the price
specified in the contract.

Interest Income

For all financial instruments classified and measured at amortized cost, interest income is recorded using the effective
interest rate (EIR). The EIR is the rate that exactly discounts the estimated future cash receipts over the expected life of
the financial instrument or a shorter period, where appropriate, to the net carrying amount of the financial asset.
Interest income is included in other income in the Statement of Profit or loss.

(c) Financial Instruments:

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity
instrument of another entity.

Financial Asset

Initial recognition and measurement

At initial recognition, the Company measures a financial assets at its fair value and in the case of financial assets not
recorded at fair value through profit or loss at transaction costs that are attributable to the acquisition of the financial
asset. Transaction cost of financial assets carried at fair value through profit or loss is expensed in the Statement of
Profit or Loss. However, trade receivables that do not contain a significant financing component are measured at
transaction price.

Investments in equity instruments of subsidiary

Investments in Subsidiaries, Associates and Joint Venture are carried at cost less accumulated impairment losses, if any.
Where an indication of impairment exists, the carrying amount of the investment is assessed and written down
immediately to its recoverable amount. On disposal of investments in subsidiaries, associates and joint venture, the
difference between net disposal proceeds and the carrying amounts are recognised in the Statement of Profit and Loss.

Subsequent measurement
Debt Instruments:

Subsequent measurement of debts instruments depends on the Company''s business model for managing the assets and
the cash flows of the assets. The Company classifies its financial assets in the following categories:

i) Financial assets at amortised cost- Assets that are held for collection of contractual cashflows on specified dates
where those cashflows represent solely payments of principal and interest are measured at amortised cost.

After initial measurement, such financial assets are subsequently measured at amortised cost using the effective interest
rate (EIR) method. Amortised cost is calculated by taking into account any discount or premium on acquisition and fees
or costs that are an integral part of the EIR. The EIR amortisation is included in finance income in the profit or loss. The
losses arising from impairment are recognised in the profit or loss. This category generally applies to trade receivables
and Loans.

ii) Financial assets at fair value through other comprehensive income (FVTOCI) - Assets that are held for collection
of contractual cash flows and for selling the financial assets, where the assets cash flows represent solely payments of
principal and interest, are on specified dates are subsequently measured at fair value through other comprehensive
income. Fair value movements are recognised in the other comprehensive income (OCI). Interest income from these
financial assets is included in finance income using the effective interest rate method and impairment losses, if any are
recognised in the Statement of Profit and Loss.

When the financial asset is derecognition, the cumulative gain or loss previously recognised in OCI is reclassified from
the equity to the Statement of Profit and Loss.

iii) Financial assets at fair value through profit or loss (FVTPL) - Financial assets which are not classified in any of
the categories above are FVTPL.

Investments in other equity instruments - Investments in equity instruments which are held for trading are classified
at Fair Value Through Profit or Loss (FVTPL). For all other equity instruments, the Company makes an irrevocable choice
upon initial recognition, on an instrument by instrument basis, to classify the same either as at Fair Value through Other
Comprehensive Income (FVOCI) or Fair Value Through Profit or Loss (FVTPL). Amounts presented in other
comprehensive income are not subsequently transferred to profit or loss. However, the Company transfers the
cumulative gain or loss within equity. Dividends on such investments are recognized in profit or loss unless the dividend
clearly represents a recovery of part of the cost of the investment.

Derecognition

The Company derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire,
or it transfers the contractual rights to receive the cash flows from the asset.

Financial liabilities

Initial recognition and measurement

All financial liabilities are recognised initially at fair value and in case of loans and borrowings net of directly attributable
costs.

Subsequent measurement

Financial liabilities are subsequently measured at amortised cost using effective interest method. Financial liabilities
carried at fair value through profit or loss are measured at fair value with all changes in fair value recognised in the
Statement of Profit and Loss. For trade and other payable maturing within one year from the balance sheet date, the
carrying value approximates fair value due to short maturity of these instruments.

Derecognition

A financial liability is derecognised when the obligation under the liability is discharged or cancelled or expires.

Offsetting Instruments

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is a legally
enforceable right to offset the recognised amounts and there is an intention to settle on a net basis or realise the asset
and settle the liability simultaneously. The legally enforceable right must not be contingent on future events and must be
enforceable in the normal course of business and in the event of default, insolvency or bankruptcy of the Company or the
counterparty.

Forward contracts

The Company has entered into certain forward (derivative) contracts to hedge risks which are not designated as hedges.
These derivatives are initially recognised at fair value on the date a derivative contract is entered into and are
subsequently re-measured to their fair value at the end of each reporting period. Any profit or loss arising on
cancellation or renewal of such derivative contract is recognised as income or as expense in statement of profit and loss.

(d) 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. The Company assesses on forward looking basis the expected credit losses
associated with its assets and impairment methodology applied depends on whether there has been a significant
increase in credit risk.

Trade receivables

In respect of trade receivables, the Company applies the simplified approach of Ind AS 109, which requires
measurement of loss allowance at an amount equal to lifetime expected credit losses.

Other financial assets

In respect of its other financial assets, the Company assesses if the credit risk on those financial assets has increased
significantly since initial recognition. If the credit risk has not increased significantly since initial recognition, the
Company measures the loss allowance at an amount equal to 12-month expected credit losses, else at an amount equal
to the lifetime expected credit losses.

(e) Cash & Cash equivalent:

Cash and cash equivalents in the balance sheet comprise of cash at bank and on hand and short term deposits with an
original maturity of three months or less, which are subject to an insignificant risk of changes in value. Bank overdraft
(negative balance in Account) is shown under short term borrowings under Financial Liabilities & Positive balance in
that account is shown in Cash & Cash Equivalents. For the purpose of the statement of cash flows, cash and cash
equivalents consist of cash and short-term deposits, as defined above, net of outstanding bank overdrafts as they are
considered an integral part of the Company''s cash management.

(f) Inventories:

Inventories are valued at the lower of cost or net realizable value.

Cost of raw material and stores spares, packing material etc. includes cost of purchase and other cost incurred in
bringing the inventories to their present location and condition. Costs of purchased inventory are determined after
deducting rebates and discounts. Cost is determined on weighted average cost basis.

Cost of finished goods and work- in -progress includes cost of purchase, cost of conversion and other costs incurred in
bringing the inventories to their present location and condition.

Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs of completion
and the estimated costs necessary to make the sale.

Spare parts other than those capitalized as Property, Plant and Equipment are carried as inventory.

(g) Taxation:

(g.1) Current Income tax: Provision for current tax is made as per the provisions of the Income Tax Act, 1961.The tax
rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting
date. Current income tax relating to items recognized outside profit or loss is recognized outside profit or loss (either in
other comprehensive income or in equity). Management periodically evaluates positions taken in the tax returns with
respect to applicable tax regulations which are subject to interpretation and establishes provisions where appropriate.

(g.2) Deferred Tax: Deferred tax is provided using the Balance Sheet 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 assets and liabilities are measured based on tax rates (and tax laws) that have been enacted or substantively
enacted at the reporting date. Deferred tax relating to items recognized outside profit or loss is recognized outside profit
or loss (either in other comprehensive income or in equity).

(h) Earnings per share:

Basic earnings/ (loss) per share are calculated by dividing the net profit/ (loss) for the period attributable to equity
shareholders by the weighted average number of equity shares outstanding during the period. The weighted average
number of equity shares outstanding during the period are adjusted for any bonus shares issued during the period and
also after the Balance Sheet date but before the date the financial statements are approved by the Board of Directors. For
the purpose of calculating diluted earnings/ (loss) per share, the net profit/ (loss) for the period attributable to equity
shareholders and the weighted average number of shares outstanding during the period are adjusted for the effects of all
dilutive potential equity shares. The number of equity shares and potentially dilutive equity shares are adjusted for
bonus shares as appropriate. The dilutive potential equity shares are adjusted for the proceeds receivable, had the
shares been issued at fair value. Dilutive potential equity shares are deemed converted as of the beginning of the period,
unless issued at a later date.

(i) Employee Benefits:

Short Term Benefits: Short-term employee benefit obligations are measured on an undiscounted basis and are
expensed as the related service is provided.

A liability is recognized for the amount expected to be paid under performance related pay if the Company has a present
legal or constructive obligation to pay this amount as a result of past service provided by the employee and the
obligation can be estimated reliably.

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Mar 31, 2024

Overview & Material Accounting Policies

NOTE 1

Note 1 Corporate Information

Kotia Enterprises Limited (“the Company”] is a company domiciled in India and limited by shares
(CIN:L74110DL1980PLC010678). The Company is engaged in the business of trading in goods and rendering services
related to construction and civil works. The Company is listed on Bombay Stock exchange (BSE) [Script code: KEL] &
Metropolitan Stock Exchange of India (MSEI) [Script code: KEL].

NOTE 2

Note 2 Basis for preparation of Standalone Financial Statements:

(a) Compliance with Ind AS

These Standalone Financial Statements are prepared on going concern basis following accrual basis of accounting and
comply in all material aspects with the Indian Accounting Standards (Ind AS) notified under the Companies (Indian
Accounting Standards) Rules, 2015 and subsequent amendments thereto & the Companies Act, 2013.

(b) Basis of measurement/ Use of estimate

(i) The Standalone Financial Statements are prepared on going concern and accrual basis under the historical cost
convention

(ii) The preparation of Standalone Financial Statements requires judgments, estimates and assumptions that affect the
reported amount of assets and liabilities, disclosure of contingent liabilities on the date of the Standalone Financial
Statements and the reported amount of revenues and expenses during the reporting period.

(c) New Standards/ Amendments and Other Changes adopted Effective 1 April 2023 or thereafter

(i) Ind AS 1 Presentation to Financial Statement: The Company has adopted the amendments wherein the
Company was required to disclose the material accounting policies in the Standalone Financial Statements instead of the
significant accounting policies. Accordingly, the Company is disclosing material accounting policies as Note 3.

There is no material change in the accounting policies adopted by the Company during the financial year 2023-24

(ii) Ind AS 8- Accounting policies, change in Accounting Estimates and Errors.

This amendment has introduced a definition of ''accounting estimates'' and included amendments to Ind AS 8 to help
entities distinguish changes in accounting policies from changes in accounting estimates. The Company has adopted the
amendment and there is no material impact on its Standalone Financial Statements.

(iii) Ind AS 12- Income Tax

The Company has adopted the amendments and there is no material impact on its Standalone Financial Statements

(d) Recent Accounting Pronouncements: During the year no new standard or modifications in existing standards
have been notified which will be applicable from 1 April 24 or thereafter.

(e) Functional and presentation currency

These Standalone Financial Statements are presented in Indian Rupees (INR), which is the Company''s functional
currency. All financial information presented in INR has been rounded to the nearest hundreds (up to two decimals),
except as stated otherwise.

NOTE 3

Note 3 Material Accounting Policies:

A summary of the material accounting policies applied in the preparation of the Standalone Financial Statements are as
given below. These accounting policies have been applied consistently to all periods presented in the Standalone
Financial Statements.

(a) Property, Plant and Equipment

1.1. Initial recognition and measurement

Property, plant and equipments (“PPE”] are measured at cost less accumulated depreciation/amortization and
accumulated impairment losses. Cost includes expenditure that is directly attributable to bringing the asset, inclusive of
non-refundable taxes & duties, to the location and condition necessary for it to be capable of operating in the manner
intended by management.

When parts of an item of property, plant and equipments have different useful lives, they are recognized separately.

Spare parts are capitalized when they meet the definition of PPE, i.e. when the Company intends to use these for a period
exceeding 12 months.

On transition to IND AS, the Company has elected to continue with the carrying value of all of its PPE recognized,
measured as per the previous GAAP and use that carrying value as the deemed cost of the PPE.

1.2. Depreciation

Depreciation on Property, Plant and Equipment, including assets taken on lease, other than freehold land is charged
based on Written down method on an estimated useful life as prescribed in Schedule II to the Companies Act, 2013.
Depreciation on additions to/deductions from property, plant and equipment during the year is charged on pro-rata
basis from/up to the date on which the asset is available for use/disposed.

In circumstance, where a PPE is abandoned, the cumulative capitalized costs relating to the property are written off in
the same period.

The useful life of asset taken into consideration as per Schedule II for the purpose of calculating depreciation is as
follows: -

An item of Property, Plant and Equipment is derecognized upon disposal or when no future economic benefits are
expected to arise from the continued use of the asset. Any gain or loss arising on the disposal or retirement of an item of
Property, Plant and Equipment are determined as a difference between the sale proceeds and the carrying amount of the
asset and is recognized in the profit and loss. Depreciation is charged till the date of disposal of Asset. At the end of each
reporting period, the Company reviews the carrying amounts of tangible and intangible assets to determine whether
there is any indication that those assets have suffered an impairment loss.

(b) Revenue recognition:

With Effective 1st April, 2018, the Company has applied Ind AS 115 - Revenue from Contracts with Customers Pursuant
to adoption of Ind AS 115, Revenue from contracts with customers are recognized when the control over the goods or
services promised in the contract are transferred to the customer. The amount of revenue recognized depicts the transfer
of promised goods and services to customers for an amount that reflects the consideration to which the Company is
entitled to in exchange for the goods or services.

Sale of goods: -

Revenue from sale of goods is recognized when the control over such goods has been transferred, being when the goods
are delivered to the customers Delivery occurs when the products have been shipped or delivered to the specific location
as the case may be, risks of loss have been transferred to the customers, and either the customer has accepted the goods
in accordance with the sales contract or the acceptance provisions have lapsed or the Company has objective evidence
that all criteria for acceptance have been satisfied. Revenue from these sales are recognized based on the price specified
in the contract.

Interest Income

For all financial instruments classified and measured at amortized cost, interest income is recorded using the effective
interest rate (EIR). The EIR is the rate that exactly discounts the estimated future cash receipts over the expected life of
the financial instrument or a shorter period, where appropriate, to the net carrying amount of the financial asset. Interest
income is included in other income in the Statement of Profit or loss.

(c) Financial Instruments:

Financial Assets: -

Initial recognition and measurement : -

All Financial Assets are recognized initially at fair value plus, in the case of financial assets not recorded at fair value
through profit or loss, transaction cost that are attributable to the acquisition of the Financial Asset. However, trade
receivables that do not contain a significant financing component are measured at transaction price. Transaction costs
directly attributable to the acquisition of financial assets measured at fair value through profit or loss are recognized
immediately in the Statement of Profit and Loss.

Subsequent measurement: -

Financial assets are subsequently classified and measured at

a) Financial Assets measured at Amortized Cost (AC)

FA Financial Asset is measured at the amortised cost if both the following conditions are met:

(i) The asset is held within a business model whose objective is to hold assets for collecting contractual cash flows, and

(ii) Contractual terms of the asset give rise on specified dates to cash flows that are solely payments of principal and
interest (SPPI) on the principal amount outstanding.

Financial Assets are subsequently measured at amortised cost using the effective interest rate (EIR) method. Amortised
cost is calculated by taking into account any discount or premium on acquisition and fees or cost that are an integral part
of the EIR. The EIR amortisation is included in finance income in the profit or loss. The losses arising from impairment
are recognized in the profit or loss. Apart from the same, any income or expense arising from remeasurement of financial
assets measured at amortised cost, in accordance with Ind AS 109, is recognized in the Statement of Profit and Loss. This
category generally applies to trade and other receivables.

b) Financial Assets measured at Fair Value Through Other Comprehensive Income (FVTOCI)

Financial assets are subsequently measured at fair value through other comprehensive income if these financial assets
are held within a business whose objective is achieved by both collecting contractual cash flows on specified dates that
are solely payments of principal and interest on the principal amount outstanding and selling financial assets.

c) Financial Assets measured Fair Value Through Profit and Loss (FVTPL)

Financial assets are subsequently measured at fair value through profit or loss unless they are measured at amortized
cost or at fair value through other comprehensive income. For financial assets measured at fair value through profit and
loss, all changes in the fair value are recognized in profit and loss when they occur.

De- recognition of Financial Assets

A financial asset is primarily de-recognized when the rights to receive cash flows from the asset have expired or
Company has transferred its right to receive cash flow from the asset.

Financial Liabilities: -

Initial recognition and measurement : -

All Financial liabilities are recognized initially at fair value less transaction cost that is attributable to the acquisition of
the financial liabilities is also adjusted. Financial liabilities are measured at amortized cost.

Subsequent measurement:

Subsequent to initial recognition, these liabilities are measured at Amortized cost using the effective interest rate
method.

De-recognition of Financial liabilities

Financial liabilities are derecognized when the obligation under the liabilities are discharged or cancelled or expires.
Consequently, write back of unsettled credit balances is done on closure of the concerned project or earlier based on the
previous experience of Management and actual facts of each case and recognized in other Operating Revenues. Further
when an existing Financial liability is replaced by another from the same lender on substantially different terms, or the
terms of existing liability are substantially modified , such an exchange or modification is treated as the de-recognition of
the original liability and the recognition of a new liability. The difference in the respective carrying amounts is
recognized in the Statement of Profit and Loss.

Offsetting of Financial Instruments

Financial Assets and Financial Liabilities are offset and the net amount is reported in the Balance sheet if there is
currently enforceable legal right to offset the recognized amounts and there is an intention to settle on net basis, to
realize the assets and settle the liabilities simultaneously.

(d) Impairment of Financial Assets:

Equity instruments, Debt Instruments and Mutual Fund: - In accordance with Ind-AS 109, the Company applies Expected
Credit Loss model for measurement and recognition of impairment loss for Financial Assets. Expected Credit Loss is the
difference between all contractual cash flows that are due to the Company in accordance with the contract and all the
cash flows that the Company expects to receive.

Other Financial Assets: - 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.

(e) Cash & Cash equivalent:

Cash and cash equivalents in the balance sheet comprise of cash at bank and on hand and short term deposits with an
original maturity of three months or less, which are subject to an insignificant risk of changes in value. Bank overdraft
(negative balance in Account) is shown under short term borrowings under Financial Liabilities & Positive balance in
that account is shown in Cash & Cash Equivalents. For the purpose of the statement of cash flows, cash and cash
equivalents consist of cash and short-term deposits, as defined above, net of outstanding bank overdrafts as they are
considered an integral part of the Company''s cash management.

(f) Inventories:

Inventories are valued at the lower of cost or net realizable value.

Cost of raw material and stores spares, packing material etc. includes cost of purchase and other cost incurred in bringing
the inventories to their present location and condition. Costs of purchased inventory are determined after deducting
rebates and discounts. Cost is determined on weighted average cost basis.

Cost of finished goods and work- in -progress includes cost of purchase, cost of conversion and other costs incurred in
bringing the inventories to their present location and condition.

Net realizable value is the estimated selling price in the ordinary course of business, less estimated costs of completion
and the estimated costs necessary to make the sale.

Spare parts other than those capitalized as Property, Plant and Equipment are carried as inventory.

(g) Taxation:

(g.1) Current Income tax: Provision for current tax is made as per the provisions of the Income Tax Act, 1961.The tax
rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting
date.Current income tax relating to items recognized outside profit or loss is recognized outside profit or loss (either in
other comprehensive income or in equity). Management periodically evaluates positions taken in the tax returns with
respect to applicable tax regulations which are subject to interpretation and establishes provisions where appropriate.

(g.2) Deferred Tax: Deferred tax is provided using the Balance Sheet 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 assets and liabilities are measured based on tax rates (and tax laws) that have been enacted or substantively
enacted at the reporting date. Deferred tax relating to items recognized outside profit or loss is recognized outside profit
or loss (either in other comprehensive income or in equity).

(h) Earnings per share:

Basic earnings/ (loss) per share are calculated by dividing the net profit/ (loss) for the period attributable to equity
shareholders by the weighted average number of equity shares outstanding during the period. The weighted average
number of equity shares outstanding during the period are adjusted for any bonus shares issued during the period and
also after the Balance Sheet date but before the date the financial statements are approved by the Board of Directors. For
the purpose of calculating diluted earnings/ (loss) per share, the net profit/ (loss) for the period attributable to equity
shareholders and the weighted average number of shares outstanding during the period are adjusted for the effects of all
dilutive potential equity shares. The number of equity shares and potentially dilutive equity shares are adjusted for
bonus shares as appropriate. The dilutive potential equity shares are adjusted for the proceeds receivable, had the shares
been issued at fair value. Dilutive potential equity shares are deemed converted as of the beginning of the period, unless
issued at a later date.

(i) Employee Benefits:

Short Term Benefits: Short-term employee benefit obligations are measured on an undiscounted basis and are
expensed as the related service is provided.

A liability is recognized for the amount expected to be paid under performance related pay if the Company has a present
legal or constructive obligation to pay this amount as a result of past service provided by the employee and the obligation
can be estimated reliably.

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Mar 31, 2016

1. Significant Accounting Policies

A. Basis of preparation of financial statements

These financial statements have been prepared to comply with the Generally Accepted Accounting Principles (Indian GAAP), including Accounting Standardsnotified under the relevant provisions of the Companies Act, 2013.

The financial statements have been prepared on accrual basis under the historical cost convention. The accounting policies not specifically referred, are consistently applied from the past accounting periods.

B. Use of estimates

The preparation of financial statements in conformity with Indian GAAP requires judgments, estimates and assumptions to be made that affect the reported amount of assets and liabilities, disclosure of contingent liabilities on the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Difference between the actual results and estimates are recognisedin the period in which the results are known/ materialised.

C. Fixed assets

Fixed Assets are stated at cost net of recoverable taxes, trade discounts and rebates and include amounts added on revaluation, less accumulated depreciation and impairment loss, if any. The cost of Fixed Assets comprises its purchase price, borrowing cost and any cost directly attributable to bringing the asset to its working condition for its intended use, net charges on foreign exchange contracts and adjustments arising from exchange rate variations attributable to the assets. Subsequent expenditures related to an item of Fixed Asset are added to its book value only if they increase the future benefits from the existing asset beyond its previously assessed standard of performance.

Projects under which assets are not ready for their intended use are disclosed under capital Work-in-Progress.

D. Depreciation

Depreciation on Fixed Assets is provided to the extent of depreciable amount on the Straight Line Method (SLM). Depreciation is provided based on useful life of the assets as prescribed in Schedule II to the Companies Act, 2013. However, no Depreciation is being charged on asset depreciated upto 95% of its historical cost.

Compiled by: Dion Global Solutions Limited

E. Revenue recognition

Having regard to the size, nature and level of operation of the business, the company is applying accrual basis of accounting for recognition of income earned and expenses incurred in the normal course of business.

F. Borrowing Costs

Borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset are capitalized as part of the cost of that asset. Borrowing costs are capitalized as part of the cost of a qualifying asset when it is probable that they will result in future economic benefits to the enterprise and the costs can be measured reliably. Other borrowing costs are recognized as an expense in the period in which they are incurred.

G. Employee Benefits:

Employee benefits payable wholly within twelve months of rendering the service are classified as short term employee benefits and are recognized in the period in which the employee renders the related service.

H. Income Taxes

Tax expense comprises of current tax and deferred tax. Current tax is measured at the amount expected to be paid to the tax authorities, using the applicable tax rates. Deferred income tax reflect the current period timing differences between taxable income and accounting income for the period and reversal of timing differences of earlier years/period.

I. Provisions and contingencies

Provision is recognised in the accounts when there is a present obligation as a result of past event(s) and it is probable that an outflow of resources will be required to settle the obligation and a reliable estimate can be made. Provisions are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

J. Earnings Per Share

Basic earnings per share is computed by dividing the profit / (loss) after tax (including the post-tax effect of extraordinary items, if any) by the weighted average number of equity shares outstanding during the year. Diluted earnings per share is computed by dividing the profit / (loss) after tax (including the post-tax effect of extraordinary items, if any) as adjusted for dividend, interest and other charges to expense or income (net of any attributable taxes) relating to the dilutive potential equity shares, by the weighted average number of equity shares considered for deriving basic earnings per share and the weighted average number of equity shares which could have been issued on the conversion of all dilutive potential equity shares.

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Mar 31, 2015

A. Basis of preparation of financial statements

These financial statements have been prepared to comply with the Generally Accepted Accounting Principles (Indian GAAP). including Accounting Standards notified under the relevant provisions of the Companies Act, 2013.

The financial statements have been prepared on accrual basis under the historical cost convention. The accounting policies not specifically referred, are consistently applied from the past accounting periods.

B. Use of estimates

The preparation of financial statements in conformity with Indian GAAP requires judgments, estimates and assumptions to be made that affect the reported amount of assets and Liabilities, disclosure of contingent liabilities on the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Difference between the actual results and estimates are recognised in the period in which the results are known/ materialised.

C. Fixed assets

Fixed Assets are stated at cost net of recoverable taxes, trade discounts and rebates and include amounts added on revaluation, less accumulated depreciation and impairment loss, if any, The cost of Fixed Assets comprises its purchase price, borrowing cost and any cost directly attributable to bringing the asset to its working condition for its intended use. net charges on foreign exchange contracts and adjustments arising from exchange rate variations attributable to the assets.

Subsequent expenditures related to an item of Fixed Asset are added to its book value only if they increase the future benefits from the existing asset beyond its previously assessed standard of performance.

Projects under which assets are not ready for their intended use are disclosed under Capital Work-in-Progress.

D. Depreciation

Depreciation on Fixed Assets is provided to the extent of depreciable amount on the Straight Line Method (SLM). Depreciation is provided based on useful life of the assets as prescribed in Schedule II to the Companies Act, 2013. However, no Depreciation is being charged on asset depreciated upto 95% of its historical cost.

E. Revenue recognition

Fee collection from the users of facility is recognized when the rendering of facility is completed and to the extent that it is probable that the economic benefits will flow to the Company and the revenue from such services can be reliably measured. Interest income is accrued at applicable rates. Other items of income are accounted for as and when the right to receive arises.

F. Borrowing Costs

Borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset are capitalized as part of the cost of that asset. Borrowing costs are capitalized as part of the cost of a qualifying asset when it is probable that they will result in future economic benefits to the enterprise and the costs can be measured reliably. Other borrowing costs are recognized as an expense in the period in which they are incurred.

G. Employee Benefits:

Employee benefits payable wholly within twelve months of rendering the service are classified as short term employee benefits and are recognized in the period in which the employee renders the related service,

H. Income Taxes

Tax expense comprises of current tax and deferred tax. Current tax is measured at the amount expected to be paid to the tax authorities, using the applicable tax rates. Deferred income tax reflect the current period timing differences between taxable income and accounting income for the period and reversal of timing differences of earlier years/period.

I. Provisions and contingencies

Provision is recognised in the accounts when there is a present obligation as a result of past event(s) and it is probable that an outflow of resources will be required to settle the obligation and a reliable estimate can be made. Provisions are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates.

J. Earnings Per Share

Basic earnings per share is computed by dividing the profit / (loss) after tax (including the post-tax effect of extraordinary items, if any) by the weighted average number of equity shares outstanding during the year.

Diluted earnings per share is computed by dividing the profit / (loss) after tax (including the post-tax effect of extraordinary items, if any) as adjusted for dividend, interest and other charges to expense or income (net of any attributable taxes) relating to the dilutive potential equity shares, by the weighted average number of equity shares considered for deriving basic earnings per share and the weighted average number of equity shares which could have been issued on the conversion of all dilutive potential equity shares.

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Mar 31, 2014

A) Basis of Accounting

i) The Financial Statements have been prepared under the historical cost convention in accordance with the mandatory Accounting Standards on an accrual basis notified in the Companies (Accounting Standard) Rules 2006 and relevant provisions of the Companies Act, 1956.

ii) The Company follows the accrual system of accounting in the preparation of accounts except where otherwise stated.

b) Fixed Assets

I. Fixed Assets are stated at their cost of acquisition or construction less accumulated depreciation.

II. Cost of acquisition or construction is inclusive of freight, duties, taxes, incidental expenses and borrowing costs related to such acquisition or construction.

III. Depreciation has been provided on Straight Line Basis(SLM) at the rates and in the manner as prescribed in Schedule IV of the Companies Act,1956

c) Investments

During the Period under Review no Investment were being made by the company.

d) Inventories

During the Period under Review no there was no Inventory.

e) Revenue Recognition

(i) Share Trading Income is recognized as an when it occurs.

(ii) Interest Income is recognized on the basis of accrual and on time proportion basis.

f) Foreign Currency Transactions

There are no foreign currency transactions in the company.

g) Prior Period Items

Prior period Expenses/lncome is accounted for under respective heads. Material item, if any, are disclosed separately by way of notes

h) Employee Benefits

Gratuity and leave encashment benefits are provided on actual payment basis. All other employee benefits such as salary, wages, other employee benefits etc. are accounted for as and when incurred.

i) Earnings per Share

The earning considered in ascertaining the company's EPS comprise the Net Profit & Los'S for the period after tax and extra ordinary items. The Basic EPS is computed on the basis of weighted average number of Equity Shares Outstanding during the year.

j) Taxes on Income

Tax expenses for the year comprise of current tax. Current taxes are measured at the current rate of tax in accordance with provision of the Income Tax Act, 1961.

K) Segment Information

The accounting policies adopted for the segment reporting are in line with accounting policies of the Company. Revenue, expenses, assets and liabilities which relate to Company as a whole do not relate to any segment, are not allocated.

k) Provisions

A provision is recognized when an enterprise has a present obligation as a result of past event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made. Provision are not discounted to the present value and are determined based on the best estimate require to settle the obligation at the Balance Sheet date. These are reviewed at each Balance Sheet date and adjusted to reflect the current best estimates.

l) Depreciation

Depreciation has been provided on Straight Line Basis (SLM) at the rates and in the manner as prescribed in Schedule IV of the Companies Act, 1956

m) Accounting policies not specifically referred to are consistent with generally accepted accounting principles.

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Mar 31, 2012

1 Accounting Convention

The accounts have been prepared on historical cost convention on accural basis, in accordance with the requirements of the Companies Act, 1956 and applicable statutes and comply with the Accounting Standards referred to Section 211 (3C) of the Companies Act, 1956

2 Fixed Assets

a. Fixed Assets are stated at their original cost of acquisition including taxes, duties, freight and other incidental expenses related to acquisition and installation of the concerned assets.

b. Depreciation has been provided on Straight Line Method (SLM) at the rates and in the manner as prescribed in Schedule SIV of the Companies Act, 1956.

3 Investment.

Investments are long term and stated at cost.

4 Inventories

The Stocks of Finished Goods have been valued at lower of cost and net realizable value. Cost of Work in progress is estimated and valued by the mangement on the basis of work done for which no bill is raised.

5 Prior period items

Prior period Expenses/lncome is accounted for under the respective heads.

Material item, if any, are disclosed separately by way of note.

6 Miscellaneous Expenditure

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

7 Employees Retirement benefits

Gratituty and Leave encashment benefits are provided on actual payment basis.

8 Taxes on Income

Current tax is determined on the amount of the tax payable in respect of taxable income for the period. Deferred tax is recognised, subject to consideration of prudence or timing differences being difference between table and accounting income/expenditure that originate in or period and capable of reversal in one or more subsequent period(s). The deferred tax assets/liability arising out of timing differences on on 1.4.2001 is adjusted from General Reserves. Deferred tax assets has not been created in view of continuing losses during previous years and the management is not expecting profits in forthcoming years.

9 Segment Information -Basis of Information

The accounting policies adopted for segment reporting are in line with accounting policies of the company. Revenue, expenses, assets and liabilities which relate the company as a whole do not relate to any segment, are not allocated.

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Mar 31, 2011

1 Accounting Convention

The accounts have been prepared on historical cost convention on accural basis, In accordance with the requirements of the Companies Act. 1956 and applicable statutes and comply with the Accounting Standards referred to Section 211 (3C) of the Companies Act. 1956

2 Fixed Assets

a Fixed Assets are stated at their original cost of acquisition including taxes, duties, freight and other incidental expenses related to acquisition and installation of the concerned assets

b Depreciation has been provided on Straight Line Method (SLM) at the rates and in the manner as prescribed in Schedule SIV of the Companies Act, 1956.

3 Investment

Investments are long term and stated at cost.

4 Inventories

The Stocks of Finished Goods have been valued at lower of cost and net realizable value. Cost of Work in progress is estimated and valued by the mangement on the basis of work done for which no bill is raised

5 Prior period items

Prior period Expenses/lncome is accounted for under the respective heads.

Material item, if any. are disclosed separately by way of note.

6 Miscellaneous Expenditure

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

7 Employees Retirement benefits

Gratituty and Leave encashment benefits are provided on actual payment basis.

8 Taxes on Income

Current tax is determined on the amount of the tax payable in respect of taxable income for the period. Deferred tax is recognised, subject to consideration of prudence or timing differences being difference between table and accounting income/expenditure that originate in or period and capable of reversal in one or more subsequent period(s). The deferred tax assets/liabiiity arising out of timing differences on on 1.4.2001 is adjusted from General Reserves. Deferred tax assets has not been created in view of continuing losses during previous years and the management is not expecting profits in forthcoming years.

9 Segment Information -Basis of Information

The accounting policies adopted for segment reporting are in line with accounting policies of the company Revenue, expenses, assets and liabilities which relate the company as a whole do not relate to any segment, are not allocated