Sat Kartar Shopping Ltd. நிறுவனத்தின் கணக்கியல் கொள்கைகள்

Mar 31, 2025

The financial statements have been prepared in accordance with accounting standards specified by the
Institute of Chartered Accountants of India. Accounting policies not specifically referred to otherwise are
consistent and in accordance with generally accepted accounting principles.

2. BASIS OF PREPARATION OF FINANCIAL STATEMENTS (SIGNIFICANT ACCOUNTING POLICIES &
OTHER EXPLANATORY NOTES):-

2.1. BASIS OF PREPARATION

These standalone financial statements have been prepared on historical cost basis except for certain
financial instruments and defined benefit plans which are measured at fair value or amortized cost at
the end of each reporting period. Historical cost is generally based on the fair value of the consideration
given in exchange for goods and services .Fair value is the price that would be received to sell an asset or
paid to transfer a liability in an orderly transaction between market participants at the measurement date.
All assets and liabilities have been classified as current and non-current as per the Company''s normal
operating cycle. Based on the nature of services rendered to customers and time elapsed between
deployment of resources and the realization in cash and cash equivalents of the consideration for such
services rendered, the Company has considered an operating cycle of 12 months.

The statement of cash flows has been prepared under indirect method, whereby profit or loss is adjusted
for the effects of transactions of a non-cash nature, any deferrals or accruals of past or future operating
cash receipts or payments and items of income or expense associated with investing or financing cash
flows. The cash flows from operating, investing and financing activities of the Company are segregated.
The Company considers all highly liquid investments that are readily convertible to known amounts of
cash and are subject to an insignificant risk of changes in value to be cash equivalents.

These standalone financial statements have been prepared in Indian Rupee ('') which is the functional
currency of the Company. Foreign currency transactions are recorded at exchange rates prevailing on the
date of the transaction.

Foreign currency denominated monetary assets and liabilities are retranslated at the exchange rate
prevailing on the balance sheet dates and exchange gains and losses arising on settlement and restatement
are recognized in the statement of profit and loss. Non-monetary assets and liabilities that are measured
in terms of historical cost in foreign currencies are not retranslated.

The material accounting policy information related to preparation of the standalone financial statements
have been discussed in the respective notes.

2.2. USE OF ESTIMATES AND JUDGMENTS

The preparation of standalone financial statements in conformity with the recognition and measurement
principles of Accounting Standards requires management of the Company to make estimates and
judgments that affect the reported balances of assets and liabilities, disclosures of contingent liabilities as
at the date of standalone financial statements and the reported amounts of income and expenses for the
periods presented.

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

The Company uses the following critical accounting judgments, estimates and assumptions in preparation
of its standalone financial statements:

2.3. PROVISION FOR INCOME TAX AND DEFERRED TAX ASSETS

The Company uses judgments based on the relevant rulings in the areas of allocation of revenue, costs,
allowances and disallowances which is exercised while determining the provision for income tax. A deferred
tax asset is recognized to the extent that it is probable that future taxable profit will be available against
which the deductible temporary differences and tax losses can be utilized. Accordingly, the Company
exercises its judgment to reassess the carrying amount of deferred tax assets at the end of each reporting
period.