Arvaya Healthcare Ltd. కంపెనీ అకౌంటింగ్ విధానాలు

1.1 Corporate Information

Arvaya Healthcare Limited (formerly Bijoy Hans Limited) (''the Company'') is a public company
incorporated on 30 July 1985 under the Companies Act, 1956 and is domiciled in India. Its Corporate
Identification Number is L86100AS1985PLC002323. The registered office of the Company is situated
at NIRVANA Co-Working Spaces, Mezzanine Floor, ITAG Plaza, ABC, G.S. Road, Guwahati, Dispur,
Kamrup, GMC, Assam — 781005. The equity shares of the Company are listed on BSE Limited.

During the year ended 31 March 2026, the Company acquired controlling equity interests in the
following entities, which accordingly became its subsidiaries with effect from 4 March 2026:

(a) Health Secure Hospital Private Limited (HSHPL) — 100% equity stake acquired through a
combination of share exchange and cash consideration;

(b) Arvaya Healthtech & Wellness Private Limited (AHWPL) — 100% equity stake acquired
through share exchange; and

(c) Tech Pool Solutions Private Limited (TPSPL) — 100% equity stake acquired through share
exchange.

The Company is engaged in the business of establishing, constructing, managing, and operating
technology-enabled healthcare institutions (including hospitals, multi-specialty clinics, diagnostic
centres, blood banks, medical research centres, pathological testing laboratories, and wellness centres),
integrated hospitality and lodging facilities (including hotels, resorts, serviced apartments, guest houses,
and hostels), and wellness, fitness, and recreational centres (including spas, physiotherapy centres, and
yoga and meditation studios). The Company''s objects also encompass digital and app-based medical
assistance, telemedicine, artificial intelligence and data analytics in healthcare, digital health
infrastructure, and professional consultancy and advisory services in healthcare management and
hospitality operations.

The objects of the Company were expanded and restated pursuant to a Special Resolution passed by the
members of the Company on 4 November 2025, by way of alteration of Clause III(A) and Clause III(B)
of the Memorandum of Association under Sections 4 and 13 of the Companies Act, 2013.

During the year ended 31 March 2026, the Company is in the process of operationalising its business
activities. As a first step in executing its business strategy, the Company has acquired controlling
interests in three healthcare entities as subsidiaries. The Company does not conduct any direct trading
or manufacturing activity as at 31 March 2026.

The name of the Company was changed from Bijoy Hans Limited to Arvaya Healthcare Limited with
effect from 11 May 2026, pursuant to the approval of the Registrar of Companies.

These standalone financial statements for the year ended 31 March 2026 were authorised for issue by
the Board of Directors on 28 May 2026.

1.2 Basis of Preparation and Statement of Compliance

These standalone financial statements have been prepared in accordance with Indian Accounting
Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013, read with the
Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time, and other
relevant provisions of the Companies Act, 2013. The Company is a listed entity and accordingly also
complies with the applicable requirements of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations). The
Company has consistently applied Ind AS as its financial reporting framework, and the accounting

policies set out below have been applied consistently to the comparative period presented, except where
a newly applicable or revised Ind AS required a change in accounting policy.

These standalone financial statements have been prepared on a going concern basis under the historical
cost convention, except for certain financial assets and financial liabilities that are measured at fair
value in accordance with the relevant Ind AS. A summary of the measurement bases used is presented
in Note 1.4 below.

These standalone financial statements do not comprise the consolidated financial statements of the
Company and its subsidiaries. The consolidated financial statements, which incorporate the financial
position and results of the Company''s subsidiaries, are prepared and presented separately.

The financial statements are presented in Indian Rupees (Rs. In Lakhs) and all values are rounded to
the nearest rupee unless otherwise stated.

1.3 Basis of Measurement

The standalone financial statements have been prepared on the historical cost basis, except for the
following items which are measured on an alternative basis on each reporting date:

(a) Financial assets at fair value through profit or loss (FVTPL): measured at fair value at each
reporting date, with changes in fair value recognised in the Statement of Profit and Loss.

(b) Financial assets at fair value through other comprehensive income (FVTOCI): measured at fair
value at each reporting date, with changes in fair value recognised in Other Comprehensive Income.

(c) All other financial assets and financial liabilities: measured at amortised cost using the effective
interest rate (EIR) method, net of expected credit loss provisions where applicable.

Historical cost is generally based on the fair value of the consideration given in exchange for goods and
services.

1.4 Functional and Presentation Currency

The standalone financial statements are presented in Indian Rupees in Lakhs (Rs. In Lakhs), which is
the functional currency of the Company. All amounts are rounded to the nearest rupee, unless otherwise
stated.

1.5 Use of Estimates, Judgements and Assumptions

In preparing these standalone financial statements in conformity with Ind AS, the management is
required to make judgements, estimates and assumptions that affect the application of accounting
policies and the reported amounts of assets, liabilities, income, expenses, and disclosures. Actual results
may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing
basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised
and in any future periods affected.

The following are the areas of estimation uncertainty and critical judgements that have the most
significant effect on the amounts recognised in the standalone financial statements:

(i) Impairment of investments in subsidiaries : The Company assesses at each balance sheet date
whether there are any indicators that the carrying amount of its investments in subsidiaries may not
be recoverable. This assessment involves significant judgement regarding the financial condition

and business prospects of each subsidiary, as well as assumptions underlying the determination of
recoverable amounts where impairment testing is performed.

(ii) Expected credit loss (ECL) on financial assets : Determination of ECL involves significant
estimation, including the assessment of probability of default, loss given default, and exposure at
default for each financial asset, as well as forward-looking adjustments. The creditworthiness of
counterparties is assessed based on available information.

(iii) Recoverability of deferred tax assets : Deferred tax assets are recognised only to the extent
that it is probable that future taxable profits will be available. The assessment of future taxable
profits involves judgements about the Company''s business plan, profitability of subsidiaries, and
expected dividend flows.

(iv) Valuation of equity shares issued as consideration for acquisition of subsidiaries : The fair
value of equity shares of the Company issued as consideration for the acquisition of HSHPL,
AHWPL, and TPSPL was determined using Level 3 valuation techniques (Discounted Cash Flow
method), as the Company''s shares were subject to trading restrictions at the relevant date. This
determination involves significant unobservable inputs, including projected cash flows and
discount rates.

(v) Classification and measurement of financial assets (Note 1.13): Determining the appropriate
classification of financial assets requires an assessment of the Company''s business model for
managing financial assets and whether the contractual cash flows represent solely payments of
principal and interest (the SPPI test).

(vi) Going concern (Note 1.2): The Board''s assessment of the Company''s ability to continue as a
going concern involves judgements about future cash generation from subsidiaries and the
availability of financial resources.

1.6 Current and Non-Current Classification

The Company presents assets and liabilities in the balance sheet based on their classification as current
or non-current.

Current Assets: An asset is classified as current when: (a) it is expected to be realised or intended to
be sold or consumed in the normal operating cycle; (b) it is held primarily for the purpose of trading;
(c) it is expected to be realised within twelve months after the reporting date; or (d) it is cash or a cash
equivalent, unless restricted from being exchanged or used to settle a liability for at least twelve months
after the reporting date. All other assets are classified as non-current.

Current Liabilities: A liability is classified as current when: (a) it is expected to be settled in the normal
operating cycle; (b) it is held primarily for the purpose of trading; (c) it is due to be settled within twelve
months after the reporting date; or (d) there is no unconditional right to defer settlement of the liability
for at least twelve months after the reporting date. All other liabilities are classified as non-current.

The operating cycle of the Company is the time between the acquisition of assets for processing and
their realisation in cash and cash equivalents. The Company''s primary activity being strategic
investments in healthcare entities, the operating cycle has been determined to be twelve months.
Accordingly, the current/non-current classification has been made with reference to a period of twelve
months from the balance sheet date.

Deferred tax assets and deferred tax liabilities are classified as non-current assets and liabilities
respectively, irrespective of the expected timing of reversal.

1.7 Revenue Recognition (Ind AS 115)

Revenue from contracts with customers is recognised when or as the performance obligations are
satisfied by transferring promised goods or services to a customer, in an amount that reflects the
consideration to which the Company expects to be entitled in exchange for those goods or services.

Revenue is recognised net of returns, trade discounts, rebates, and Goods and Services Tax (GST) where
applicable.

Revenue from Operations: For the year ended 31 March 2026, the Company has no revenue from
operations. The Company had previously engaged in the purchase and resale of traded goods; this
activity was wound down during the year ended 31 March 2025 and was not continued in FY 2025-26.

Scrap Sales: Proceeds from sale of scrap, if any, are recognised as revenue from operations upon
delivery and transfer of control of the scrap to the buyer.

Interest Income: Interest income is recognised using the effective interest rate (EIR) method. Interest
income is included in ''Other Income'' in the Statement of Profit and Loss.

Dividend Income: Dividend income from investments is recognised in the Statement of Profit and Loss
when the right to receive payment is established.

Gains on Disposal of Investments: Gains or losses on disposal of financial assets are recognised in
the Statement of Profit and Loss in the period in which the disposal occurs, measured as the difference
between the net disposal proceeds and the carrying amount of the asset derecognised.

1.8 Other Income

Income which does not form part of Revenue from Operations is recognised as Other Income on the
following basis:

(i) Interest income from fixed deposits, bonds, and loans to entities: recognised using the effective
interest rate (EIR) method, which is the rate that exactly discounts estimated future cash receipts
through the expected life of the financial instrument to the gross carrying amount of the financial
asset.

(ii) Interest income on income tax refunds: recognised when the right to receive is established.

(iii) Gains on sale of investments in mutual funds and other financial instruments: recognised on
the date of sale, being the difference between the sale proceeds and the carrying amount of the
investment.

(iv) Fair value gains on financial instruments at FVTPL: recognised in the Statement of Profit and
Loss in the period in which the fair value changes.

(v) Any other income: recognised on an accrual basis.

1.9 Property, Plant and Equipment (Ind AS 16)

Property, plant and equipment (PPE) are stated at historical cost of acquisition or construction less
accumulated depreciation and accumulated impairment losses, if any. Historical cost includes
expenditure directly attributable to bringing the asset to the location and condition necessary for it to be
capable of operating in the manner intended by management.

Subsequent expenditure is capitalised only when it is probable that the future economic benefits
associated with the expenditure will flow to the Company and the cost of the item can be measured
reliably. All other repairs and maintenance are charged to the Statement of Profit and Loss during the
period in which they are incurred.

Depreciation: Depreciation on PPE is recognised so as to write off the cost of assets (other than
freehold land, which is not depreciated) less their residual values over the estimated useful lives of the
assets, using the Straight Line Method (SLM) over the useful lives prescribed in Schedule II to the
Companies Act, 2013. Depreciation is calculated on a pro-rata basis from the date of
addition/acquisition and up to the date of disposal

De-recognition: An item of PPE is derecognised upon disposal or when no future economic benefits
are expected to arise from the continued use or disposal of the asset. The gain or loss arising on the
disposal or retirement of an item of PPE is determined as the difference between the net sale proceeds
and the carrying amount of the asset and is recognised in the Statement of Profit and Loss on the date
of disposal.

Residual Values and Useful Lives: Residual values and useful lives are reviewed at each financial
year end. Any changes in estimates are accounted for prospectively.

1.10 Capital Work-in-Progress

Expenditure incurred on assets which are not yet ready for their intended use at the balance sheet date
is classified as capital work-in-progress and carried at cost. Cost includes the cost of assets, costs
directly attributable to bringing the asset to working condition for intended use, directly attributable
borrowing costs (to the extent capitalised under Ind AS 23), and applicable taxes and duties.

Capital work-in-progress is transferred to the appropriate category of PPE when it is completed and
ready for its intended use.

1.11 Intangible Assets (Ind AS 38)

Intangible assets acquired separately are recognised when the Company controls the asset, it is probable
that future economic benefits associated with the asset will flow to the Company, and the cost of the
asset can be measured reliably. Intangible assets are initially measured at cost.

Amortisation: Intangible assets with finite useful life are amortised on a straight-line basis over the
estimated useful life. Intangible assets with indefinite useful life are not amortised but are tested for
impairment at least annually and whenever there is an indication of impairment.

De-recognition: Intangible assets are derecognised on disposal or when no future economic benefits
are expected from their use or disposal. The gain or loss on derecognition is recognised in the Statement
of Profit and Loss.

1.12 Investments in Subsidiaries (Ind AS 27)

These standalone financial statements are prepared in accordance with Ind AS 27 — Separate Financial
Statements. In these standalone financial statements, the Company''s investments in subsidiaries are
accounted for at cost, as permitted under Ind AS 27.

Cost of Investment — Share Exchange (Swap): Where subsidiaries are acquired through exchange
of the Company''s own equity shares, the cost of investment is measured at the fair value of the equity
shares issued by the Company as consideration, determined in accordance with Ind AS 113 — Fair
Value Measurement. The fair value of the Company''s shares, where the shares are not actively traded
or where their market price is not a reliable indicator of fair value (including on account of trading
suspension), is determined using Level 3 valuation techniques by a qualified and registered valuer.

Cost of Investment — Cash and Deferred Consideration: Where subsidiaries are acquired partly or
wholly for cash consideration, the cost of investment includes the cash paid at the acquisition date and
the fair value of any deferred consideration. Deferred consideration that is unconditional is recognised
as a financial liability at the acquisition date and included in the cost of investment.

Transaction Costs: Costs directly attributable to the acquisition of investments in subsidiaries, other
than costs of issuing equity instruments (which are adjusted against the securities premium account),
are included in the cost of the investment.

Impairment: The Company assesses at each balance sheet date whether there is any objective evidence
that an investment in a subsidiary is impaired. Where such evidence exists, or where impairment
indicators are present (as described in Note 1.15), the Company determines the recoverable amount of
the investment. An impairment loss is the amount by which the carrying amount of the investment
exceeds its recoverable amount and is recognised immediately in the Statement of Profit and Loss.

Income from Subsidiaries: Dividends received from subsidiaries are recognised in the Statement of
Profit and Loss in the period in which the Company''s right to receive the dividend is established.

Consolidated Financial Statements: In the consolidated financial statements, the Company applies
the acquisition method of accounting for business combinations under Ind AS 103 — Business
Combinations. The standalone financial statements do not incorporate the results, assets, and liabilities
of the subsidiaries.

1.13 Financial Instruments (Ind AS 109 and Ind AS 32)

1.13.1 Classification of Financial Assets

Financial assets are classified into the following categories at initial recognition:

(a) Financial assets measured at amortised cost (AC): A financial asset is measured at amortised
cost if it is held within a business model whose objective is to hold financial assets in order to
collect contractual cash flows, and the contractual terms of the financial asset give rise, on specified
dates, to cash flows that are solely payments of principal and interest (SPPI) on the principal amount
outstanding.

(b) Financial assets measured at fair value through other comprehensive income (FVTOCI): A
financial asset is measured at FVTOCI if it is held within a business model whose objective is
achieved both by collecting contractual cash flows and by selling financial assets, and the
contractual terms give rise, on specified dates, to cash flows that are SPPI. The Company may also,
at initial recognition, irrevocably elect to classify equity instruments (other than investments in
subsidiaries) at FVTOCI. Such designation is irrevocable.

(c) Financial assets measured at fair value through profit or loss (FVTPL): All other financial assets
are measured at FVTPL. A financial asset may also be designated at FVTPL at initial recognition
if doing so eliminates or significantly reduces a measurement or recognition inconsistency.

The specific classification of the Company''s financial assets is as follows:

(i) Investments in subsidiaries: Accounted for at cost per Ind AS 27 (refer Note 1.12 above) — not
subject to Ind AS 109 classification in the standalone financial statements.

(ii) Tax-free bonds (Indian Railways Finance Corporation) and capital gain bonds (REC Limited):
Classified at amortised cost. These debt instruments are held to collect contractual cash flows
(periodic interest and principal at maturity) and meet the SPPI criterion.

(iii) Loans advanced to entities (GTT Data Solutions Limited and related entities): Classified at
amortised cost. These are loans bearing contractual interest and are held to collect contractual cash
flows.

(iv) Cash and cash equivalents: Classified at amortised cost.

(v) Trade receivables (if any): Classified at amortised cost.

(vi) Other financial assets (security deposits, interest receivable): Classified at amortised cost.

1.13.2 Initial Recognition and Measurement

Financial assets are recognised in the balance sheet when the Company becomes a party to the
contractual provisions of the instrument. For financial assets not measured at FVTPL, the Company
initially measures such financial assets at their fair value plus transaction costs that are directly
attributable to the acquisition of the financial asset. Financial assets at FVTPL are initially measured at
fair value, and transaction costs are expensed immediately in the Statement of Profit and Loss.

Trade receivables that do not contain a significant financing component are initially measured at
transaction price in accordance with Ind AS 115.

1.13.3 Subsequent Measurement

Amortised Cost: Financial assets at amortised cost are subsequently measured using the effective
interest rate (EIR) method, net of any expected credit loss (ECL) provision. Interest income is
recognised using the EIR method. The EIR method allocates interest income over the relevant period
by applying the effective interest rate to the gross carrying amount of the financial asset, except for
credit-impaired financial assets (Stage 3), for which interest is applied to the net carrying amount.

FVTOCI (Debt Instruments): Subsequent changes in fair value of debt instruments classified at
FVTOCI are recognised in OCI. Interest income, foreign exchange gains and losses, and ECL are
recognised in the Statement of Profit and Loss. On derecognition, the cumulative gain or loss previously
recognised in OCI is reclassified from equity to the Statement of Profit and Loss.

FVTPL: Financial assets at FVTPL are subsequently measured at fair value, with changes in fair value
recognised in the Statement of Profit and Loss in the period in which they arise.

1.13.4 Impairment of Financial Assets — Expected Credit Loss (ECL)

The Company applies the expected credit loss (ECL) impairment model under Ind AS 109 to financial
assets measured at amortised cost and to debt instruments measured at FVTOCI.

General (Three-Stage) Approach: The Company applies the three-stage general approach to financial
assets other than trade receivables and lease receivables:

Stage 1 — Performing (no significant increase in credit risk since initial recognition): Twelve¬
month ECL is recognised. Interest income is calculated on the gross carrying amount.

Stage 2 — Underperforming (significant increase in credit risk since initial recognition but not
credit-impaired): Lifetime ECL is recognised. Interest income is calculated on the gross carrying
amount.

Stage 3 — Credit-impaired: Lifetime ECL is recognised. Interest income is calculated on the net
carrying amount (i.e., carrying amount net of loss allowance).

Simplified Approach: For trade receivables and contract assets, the Company applies the simplified
approach, which requires lifetime ECL to be recognised from initial recognition.

ECL Measurement: ECL is a probability-weighted estimate of credit losses, measured as the
difference between the cash flows due to the Company in accordance with the contract and the cash
flows that the Company expects to receive, discounted using the original effective interest rate. The
measurement of ECL reflects the Company''s reasonable and supportable information that is available
without undue cost or effort at the reporting date about past events, current conditions, and forecasts of
future economic conditions.

Write-off: The gross carrying amount of a financial asset is written off (either partially or in full) when
there is no reasonable expectation of recovery. Where the financial asset has been partially written off,
the Company continues to engage in enforcement activity. The write-off constitutes a derecognition
event. Any recoveries of amounts previously written off are credited to the Statement of Profit and Loss.

1.13.5 Derecognition of Financial Assets

A financial asset is derecognised when: (a) the contractual rights to receive cash flows from the financial
asset have expired; or (b) the Company has transferred its rights to receive cash flows and has either (i)
transferred substantially all the risks and rewards of ownership of the financial asset, or (ii) neither
transferred nor retained substantially all risks and rewards but has transferred control of the financial
asset.

1.13.6 Financial Liabilities — Classification and Measurement

Financial liabilities are classified, at initial recognition, as financial liabilities at FVTPL or at amortised
cost.

Financial Liabilities at Amortised Cost: The Company''s financial liabilities — including borrowings,
trade payables, and other financial liabilities (including the deferred purchase consideration payable to
shareholders of HSHPL) — are classified and subsequently measured at amortised cost using the EIR
method. The carrying amount is increased by interest accrued and reduced by repayments.

Financial Liabilities at FVTPL: Financial liabilities are classified as FVTPL if they are held for
trading or if the Company designates such liability at FVTPL. As at 31 March 2026, the Company has
no financial liabilities designated or classified at FVTPL.

Derecognition: A financial liability is derecognised when the obligation under the liability is
discharged, cancelled, or has expired. The difference between the carrying amount of a financial liability
that has been extinguished or transferred to another party and the consideration paid, including any non¬
cash assets transferred or liabilities assumed, is recognised in the Statement of Profit and Loss.

1.13.7 Offsetting of Financial Instruments

Financial assets and financial liabilities are offset, and the net amount is presented in the balance sheet
only when the Company has a currently enforceable legal right to offset the recognised amounts and
there is an intention to settle on a net basis or to realise the assets and settle the liabilities simultaneously.

1.14 Fair Value Measurement (Ind AS 113)

The Company measures financial instruments at fair value at each balance sheet date. 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 in the principal or, in its absence, the most
advantageous market to which the Company has access at that date.

The Company uses valuation techniques that are appropriate in the circumstances and for which
sufficient data is available to measure fair value, maximising the use of relevant observable inputs and
minimising the use of unobservable inputs. All assets and liabilities for which fair value is measured or
disclosed in the financial statements are categorised within the fair value hierarchy, based on the lowest
level input that is significant to the fair value measurement as a whole:

Level 1 — Quoted prices (unadjusted) in active markets for identical assets or liabilities that the
Company can access at the measurement date.

Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset
or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices).

Level 3 — Inputs for the asset or liability that are not based on observable market data (i.e.,
unobservable inputs). The valuation of the Company''s equity shares for the purpose of determining
the cost of investments in subsidiaries acquired through share exchange falls within Level 3, as the
shares of the Company were not actively traded on the stock exchange at the relevant dates. The
fair value was determined using the Discounted Cash Flow (DCF) method by a qualified and
registered independent valuer.

For assets and liabilities that are recognised at fair value on a recurring basis, the Company determines
whether transfers have occurred between levels in the hierarchy by reassessing the categorisation at the
end of each reporting period.

For the purpose of fair value disclosures, the Company has determined classes of assets and liabilities
based on the nature, characteristics, and risks of the assets or liabilities and the level of the fair value
hierarchy.

1.15 Impairment of Non-Financial Assets (Ind AS 36)

The Company reviews the carrying amounts of its non-financial assets (including investments in
subsidiaries carried at cost) at each balance sheet date to determine whether there is any indication of
impairment. If any such indication exists, or when annual impairment testing for an asset is required,
the Company estimates the asset''s recoverable amount.

Recoverable Amount: The recoverable amount is the higher of an asset''s fair value less costs of
disposal and its value in use. In assessing value in use, the estimated future cash flows are discounted
to their present value using a pre-tax discount rate that reflects current market assessments of the time
value of money and the risks specific to the asset.

Impairment Loss Recognition: If the recoverable amount of an asset is less than its carrying amount,
the carrying amount of the asset is reduced to its recoverable amount. This reduction is recognised as
an impairment loss in the Statement of Profit and Loss immediately.

Reversal of Impairment: An impairment loss recognised in prior periods for an asset other than
goodwill is reversed if, and only if, there has been a change in the estimates used to determine the asset''s
recoverable amount since the last impairment loss was recognised. A reversal of an impairment loss
does not exceed the carrying amount that would have been determined (net of depreciation or
amortisation) had no impairment loss been recognised for the asset in prior years.

Investments in Subsidiaries: Where the Company''s investment in a subsidiary is carried at cost in the
standalone financial statements, the investee company (the subsidiary) as a whole is considered a cash¬
generating unit for the purpose of the impairment test under Ind AS 36. Impairment indicators include
significant deterioration in the subsidiary''s financial condition, operating losses, negative net worth, or
inability to service its obligations.

1.16 Inventories (Ind AS 2)

Inventories are valued at the lower of cost and net realisable value. Cost is determined on the first-in,
first-out (FIFO) basis and includes all costs incurred in bringing the inventories to their present location
and condition, including purchase price, freight inward, and other directly attributable costs. Net
realisable value is the estimated selling price in the ordinary course of business less the estimated costs
of completion and the estimated costs necessary to make the sale.

Provisions are made for obsolete, slow-moving, and damaged inventories where necessary.

1.17 Cash and Cash Equivalents

Cash and cash equivalents in the balance sheet and the statement of cash flows comprise cash in hand,
demand deposits, and short-term highly liquid investments with original maturities of three months or
less from the date of placement or acquisition, which are readily convertible to known amounts of cash
and which are subject to an insignificant risk of changes in value.

Fixed deposits with original maturity of more than three months are classified as ''Bank Balances other
than Cash and Cash Equivalents'' under current financial assets.

For the purpose of the statement of cash flows, bank overdrafts that are repayable on demand and form
an integral part of the Company''s cash management are included as a component of cash and cash
equivalents.

1.18 Employee Benefits (Ind AS 19)

1.18.1 Short-Term Employee Benefits

Short-term employee benefit obligations are measured on an undiscounted basis and expensed as the
related service is provided. A liability is recognised for the amount expected to be paid under short¬
term cash bonus or profit-sharing plans 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.

1.18.2 Post-Employment Benefits — Defined Contribution Plans

The Company''s contributions to defined contribution schemes such as the Employees'' Provident Fund
(PF) and Employees'' State Insurance (ESI) are recognised as an expense in the Statement of Profit and
Loss in the period in which the related services are rendered. As at 31 March 2026, the total number of
employees is below the applicable statutory thresholds, and accordingly contributions to PF and ESI
are not presently required. This position will be reassessed if the employee headcount increases.

1.18.3 Post-Employment Benefits — Defined Benefit Plans (Gratuity)

The Company''s obligation under the Payment of Gratuity Act, 1972 constitutes a defined benefit plan.
The Company''s net obligation in respect of the gratuity plan is calculated by estimating the amount of
future benefit that employees have earned in the current and prior periods, discounting that amount to
determine the present value of the obligation, and deducting the fair value of any plan assets.

The calculation of the defined benefit obligation is performed annually by a qualified actuary using the
Projected Unit Credit (PUC) method. When the calculation results in a potential asset for the Company,
the recognised asset is limited to the present value of economic benefits available in the form of any
future refunds from the plan or reductions in future contributions to the plan. In order to calculate the
present value of economic benefits, consideration is given to any applicable minimum funding
requirements.

Remeasurements of the net defined benefit liability, comprising actuarial gains and losses, the effect of
the asset ceiling (excluding net interest) and the return on plan assets (excluding net interest), are
recognised immediately in the balance sheet with a corresponding debit or credit to Other
Comprehensive Income (OCI) in the period in which they occur. Remeasurements are not reclassified
to profit or loss in subsequent periods.

Past service costs are recognised in the Statement of Profit and Loss on the earlier of: the date of the
plan amendment or curtailment, and the date on which the Company recognises restructuring-related
costs.

Net interest is calculated by applying the discount rate at the beginning of the period to the net defined
benefit liability or asset. Net interest expense and other expenses related to the defined benefit plan are
recognised in the Statement of Profit and Loss.

1.18.4 Other Long-Term Employee Benefits (Leave Encashment)

The Company''s net obligation in respect of other long-term employee benefits, including compensated
absences (leave encashment), is the amount of future benefit that employees have earned in return for
their service in the current and prior periods. That benefit is discounted to determine its present value.
Remeasurements are recognised in the Statement of Profit and Loss in the period in which they arise.

1.18.5 Termination Benefits

Termination benefits are recognised as an expense when the Company is demonstrably committed to
either terminating the employment of current employees according to a detailed formal plan without
possibility of withdrawal, or providing termination benefits as a result of an offer made to encourage
voluntary redundancy.

1. MATERIAL ACCOUNTING POLICIES :

1.1 Basis of Accounting

The financial statements have been prepared to comply in all material aspects with the
applicable accounting principles in India, the applicable accounting standards notified under
section 133 of the Companies Act 2013 and other relevant provisions thereof. The accounts of
the company are prepared under the historical cost convention using the accrual method of
accounting. The accounting policies applied for preparing the financial statements are consistent
with those of the previous year.

Ministry of Corporate Affairs (MCA) notifies new standards or amendments to the existing
standards under Companies (Indian Accounting Standards) Rules as issued from time to tim.
There are no new standards or amendments to the existing standards that are notified impacting
the financial statements of the Company.

1.2 Revenue Recognition

Sales are recognised upon raising of invoice and transfer of significant risk and rewards of the
ownership to the buyer. Interest income is accounted for on receipt basis. Dividend income on
investments is accounted for when the right to receive the payment is established.

1.3 Expenditure

Expenses are accounted for on accrual basis and provision is made on estimate for all known
liabilities and losses.

1.4 Property Plant & Equipment & Depreciation

Property Plant & Equipment are stated at cost less accumulated depreciation. The company
capitalises all direct costs relating to the acquisition and installation of Property Palnt &
Equipment. Depreciation on Property Plant & Equipment is provided on WDV method on pro
rata basis at the rates specified in the schedule II of the Companies Act 2013. At each balance
sheet date the company reviews the carrying value of its Property Plant & Equipment for any
possible impairment. No impairment was observed during the year under review.

1.4A De-recognition:

All items of Property Plant & Equipment (PPE) is de-recognised on disposal, or when no future
economic benefit or expected from use. Gain or loss arising from derecognition of PPE
measured as the difference between the net disposal proceeds and the carrying amount of the
asset are recognised in the statement of Profit and Loss where the asset is de recognized.

1.5 Inventories

Inventories are Valued at Cost or Net Realisable Value whichever is lower, on FIFO basis.

1.6 Investments

Investments are long term- non current investment. These are stated at cost of acquisition. Any
diminution in value, which is of permanent nature is recognised by charging the estimated loss
to the statement of Profit and loss. Any diminution in value of temporary nature is not
recognised.

1.7 Employee Benefits

The provisions of the PF and ESI Act are not applicable to the company as the number of
employees are below the prescribed statutory limit. Termination benefits are recognised as an
expense as and when incurred.

1.8 Taxation

Current tax is the amount of tax payable in respect of taxable income for the year as determined
in accordance with provisions of the Income tax Act 1961 as applicable for the year. Deferred
tax is recognised on timing difference, being the difference between the taxable income and the
accounting income that originate in one period and are capable of reversal in one or more
subsequent periods.

1.9 Cash and Cash Equivalents.

Cash and cash equivalents includes cash in hand, demand deposits with banks and other short
term highly liquid investments with original maturities of three months or less.

1.10 Earnings Per Share

Basic earnings per share is calculated by dividing the net profit for the period attributable to the
shareholders by weighted average number of equity shares outstanding during the period.

1 SIGNIFICANT ACCOUNTING POLICIES :

1.1 Basis of Accounting

The financial statements have been prepared to comply in all material aspects with the applicable accounting principles in India, the applicable
accounting standards notified under section 133 of the Companies Act 2013 and other relevant provisions thereof. The accounts of the company are prepared
under the historical cost convention using the accrual method of accounting. The accounting policies applied for preparing the financial statements are
consistent with those of the previous year.

1.2 Revenue Recognition

Sales are recognised upon raising of invoice and transfer of significant risk and rewards of the ownership to the buyer. Interest income is accounted for
on receipt basis. Dividend income on investments is accounted for when the right to receive the payment is established.

1.3 Expenditure

Expenses are accounted for on accrual basis and provision is made on estimate for all known liabilities and losses.

1.4 Property Plant & Equipment & Depreciation

Property Plant & Equipment are stated at cost less accumulated depreciation. The company capitalises all direct costs relating to the acquisition
and installation of Property Palnt & Equipment. Depreciation on Property Plant & Equipment is provided on WDV method on pro rata basis at the rates
specified in the schedule II of the Companies Act 2013. At each balance sheet date the company reviews the carrying value of its Property Plant & Equipment
for any possible impairment. No impairment was observed during the year under review.

1.5 Inventories

Inventories are Valued at Cost or Net Realisable Value whichever is lower, on FIFO basis.

1.6 Investments

Investments are long term- non current investment. These are stated at cost of acquisition. Any diminution in value, which is of permanent nature is
recognised by charging the estimated loss to the statement of Profit and loss. Any diminution in value of temporary nature is not recognised.

1.7 Employee Benefits

The provisions of the PF and ESI Act are not applicable to the company as the number of employees are below the prescribed statutory limit. Termination
benefits are recognised as an expense as and when incurred.

1.8 Taxation

Current tax is the amount of tax payable in respect of taxable income for the year as determined in accordance with provisions of the Income tax Act 1961
as applicable for the year. Deferred tax is recognised on timing difference, being the difference between the taxable income and the accounting income
that originate in one period and are capable of reversal in one or more subsequent periods.

1.9 Cash and Cash Equivalents

Cash and cash equivalents includes cash in hand, demand deposits with banks and other short term highly liquid investments with original maturities of
three months or less.

1.10 Earnings Per Share

Basic earnings per share is calculated by dividing the net profit for the period attributable to the shareholders by weighted average number of equity
shares outstanding during the period.

1.11 Others

a) The figures for the previous year have been regrouped/ rearranged, wherever necessary, to make them compatible and comparable to the figures for
the current year, which are grouped as per requirement of the Schedule III to the Companies Act 2013.

b) Contingent liabilities are recognised and disclosed when there is a possible present obligation arising from a past event which may result in estimatable
outflow of resources to settle the obligation in terms with the requirement of Accounting Standard -29. However, there were no such liabilities.

c) Accounting policies not specifically referred to otherwise, are consistent and in consonance with generally accepted accounting principles.

Other information to the Financial Statements

Based on the information available with the Company, the balance due to Micro & Small Enterprises as defined under the Micro, Small and
^1-20 Medium Enterprises Development (MSMED) Act, 2006 is Rs. Nil and no interest during the period has been paid or is payable under the terms
of MSMED Act, 2006 and hence disclosures, if any, relating to amounts unpaid as at the period end together with interest paid/ payable as required
under the Act have not been given.

1 21 The operating cycle of the Company has been considered as 12 months for the purpose of current and non-current classification in the
financial statements.

1.22 Ageing & Completion schedules of Capital Work in Progress:

The Company has no capital work in progress nor there is any intangible asset under development.

1.23 Borrowings on the security of Current Assets:

There are no borrowings by the Company from bank or financial institutions on the security of its current assets.

1.24 Relationship with Struck Off Companies:

The Company does not have any transaction with the Company which in the knowledge of the Company has been struck off under the
provisions of the Companies Act, 2013

1.25 Charge Registration and Satisfaction:

There are no charges pending for registration or satisfaction by the Company with the Registrar of Companies beyond the statutory period.

1.26 Compliane with the Number of Layers:

No such compliance is applicable to the Company as it has no invement in downstream companies.

1.27 Details of Crypto Currency or Virtual Currency:

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

1.28 Wilful defaulter declaration:

The Company has not been declared as wilful defaulter by any bank or financial institutions or other lender.

1.1 Basis of Accounting

The financial statements have been prepared to comply in all material aspects with the applicable accounting principles in India, the applicable accounting standards notified under section 211(3C) of the Companies Act 1956 and other relevant provisions thereof. The accounts of the company are prepared under the historical cost convention using the accrual method of accounting. The accounting policies applied for preparing the financial statements are consistent with those of the previous year.

1.2 Revenue Recognition

Interest income is accounted for on accrual basis. Dividend income on investments is accounted for when the right to receive the payment is established.

1.3 Expenditure

Expenses are accounted for on accrual basis and provision is made for all known liabilities and losses.

1.4 Fixed Assets

Fixed assets are stated at cost less accumulated depreciation. The company capitalises all direct costs relating to the acquisition and installation of fixed assets. Depreciation on fixed assets is provided on WDV method on pro rata basis at the rates specified in the schedule XIV of the Companies Act 1956. At each balance sheet date the company reviews the carrying value of its Fixed assets for any possible impairment. No impairment was observed during the year under review.

1.5 Inventories

Inventories are Valued at Cost or Net Realisable Value whichever is lower.

1.6 Investment

Investments are long term- non current investment. These are stated at cost of acquisition. Any diminution in value, which is of permanent nature is recognised by charging the estimated loss to the statement of Profit and loss. Any diminution in value of temporary nature is not recognised.

1.7 Employee Benefits

The provisions of the PF and ESI Act are not applicable to the company as the number of employees are below the prescribed statutory limit. Termination benefits are recognised as an expense as and when incurred.

1.8 Taxation

Current tax is the amount of tax payable in respect of taxable income for the year as determined in accordance with provisions of the Income tax Act 1961 as applicable for the year. Deferred tax is recognised on timing difference, being the difference between the taxable income and the accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

1.9 Cash and Cash Equivalents

Cash and cash equivalents includes cash in hand, demand deposits with banks and other short term highly liquid investments with original maturities of three months or less.

1.10 Earnings Per Share

Basic earnings per share is calculated by dividing the net profit for the period attributable to the shareholders by weighted average number of equity shares outstanding during the period.

1.11 Others

a) The figures for the previous year have been regrouped/ rearranged, wherever necessary, to make them compatible and comparable to the figures for the current year, which are grouped as per requirement of the Schedule VI to the Companies Act 1956.

b) Contingent liabilities are recognised and disclosed when there is a possible present obligation arising from a past event which may result in estimable outflow of resources to settle the obligation in terms with the requirement of Accounting Standard-29.

c) Accounting policies not specifically referred to otherwise, are consistent and in consonance with generally accepted accounting principles.

1.1 Basis of Accounting

The financial statements have been prepared to comply in all material aspects with the applicable accounting principles in India, the applicable accounting standards notified under section 211(3C) of the Companies Act 1956 and other relevant provisions thereof. The accounts of the company are prepared under the historical cost convention using the accrual method of accounting. The accounting policies applied for preparing the financial statements are consistent with those of the previous year.

1.2 Revenue Recognition

Interest income is accounted for on accrual basis. Dividend income on investments is accounted for when the right to receive the payment is established.

1.3 Expenditure

Expenses are accounted for on accrual basis and provision is made for all known liabilities and losses.

1.4 Fixed Assets

Fixed assets are stated at cost less accumulated depreciation. The company capitalises all direct costs relating to the acquisition and installation of fixed assets. Depreciation on fixed assets is provided on WDV method on pro rata basis at the rates specified in the schedule XIV of the Companies Act 1956. At each balance sheet date the company reviews the carrying value of its Fixed assets for any possible impairment. No impairment was observed during the year under review.

1.5 Inventories

Inventories are Valued at Cost or net realisable Value whichever is lower.

1.6 Investment

Investments are long term- non current investment. These are stated at cost of acquisition. Any diminution in value, which is of permanent nature is recognised by charging the estimated loss to the statement of Profit and loss. Any diminution in value of temporary nature is not recognised.

1.7 Employee Benefits

The provisions of the PF and ESI Act are not applicable to the company as the number of employees are below the prescribed statutory limit. Termination benefits are recognised as an expense as and when incurred.

1.8 Taxation

Current tax is the amount of tax payable in respect of taxable income for the year as determined in accordance with provisions of the Income tax Act 1961 as applicable for the year.

Deferred tax is recognised on timing difference, being the difference between the taxable income and the accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

1.9 Cash and Cash Equivalents

Cash and cash equivalents includes cash in hand, demand deposits with banks and other short term highly liquid investments with original maturities of three months or less.

1.10 Earnings Per Share

Basic earnings per share is calculated by dividing the net profit for the period attributable to the shareholders by weighted average number of equity shares outstanding during the period.

1.1 Basis of Accounting

The financial statements have been prepared to comply in all material aspects with the applicable accounting principles in India, the applicable accounting standards notified under section 211(3C) of the Companies Act 1956 and other relevant provisions thereof. The accounts of the company are prepared under the historical cost convention using the accrual method of accounting. The accounting policies applied for preparing the financial statements are consistent with those of the previous year.

1.2 Revenue Recognition

Interest income, commission income is accounted for on accrual basis. Dividend income on investments is accounted for when the right to receive the payment is established.

1.3 Expenditure

Expenses are accounted for on accrual basis and provision is made for all known liabilities and losses.

1.4 Fixed Assets

Fixed assets are stated at cost less accumulated depreciation. The company capitalizes all direct costs relating to the acquisition and installation of fixed assets. Depreciation on fixed assets is provided on WDV method on pro rata basis at the rates specified in the schedule XIV of the Companies Act 1956. At each balance sheet date the company reviews the carrying value of its Fixed assets for any possible impairment.

No impairment was observed during the year under review.

1.5 Inventories

Inventories are stated at cost on FIFO basis However, the Company is not carrying any stock in trade.

1.6 Investment

Investments are long term- non current investment. These are stated at cost of acquisition. Any diminution in value, which is of permanent nature is recognized by charging the estimated loss to the statement of Profit and loss account. Any diminution in value of temporary nature is not recognized.

1.7 Employee Benefits

The provisions of the PF and ESI Act are not applicable to the company as the number of employees are below the prescribed statutory limit. Termination benefits are recognized as an expense as and when incurred.

1.8 Taxation

Current tax is the amount of tax payable in respect of taxable income for the year as determined in accordance with provisions of the Income tax Act 1961 as applicable for the year.

Deferred tax is recognized on timing difference, being the difference between the taxable income and the accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

1.9 Cash and Cash Equivalents

Cash and cash equivalents includes cash in hand, demand deposits with banks and other short term highly liquid investments with original maturities of three months or less.

1.10 Earnings Per Share

Basic earnings per share is calculated by. dividing the net profit for the period attributable to the shareholders by weighted average number of equity shares outstanding during the period.

1.11 Others

a) The figures for the previous year have been regrouped/ rearranged, wherever necessary, to make them compatible and comparable to the figures for the current year, which are grouped as per requirement of the new Schedule VI to the Companies Act 1956.

b) Contingent liabilities are recognized and disclosed when there is a possible present obligation arising from a past event which may result in estimatable outflow of resources to settle the obligation in terms with the requirement of Accounting Standard -29.

c) Accounting policies not specifically referred to otherwise, are consistent and in consonance with generally accepted accounting principles.

1) BASIS OF ACCOUNTING

The Accounts are prepared under historical cost convention on a going concern basis and in accordance with applicable accounting standards.

2) INVENTORIES

Inventories are stated at cost on FIFO basis.However, there is no inventory as at end of the year.

3) CASH FLOW STATEMENT:

Pursuant to the listing aggreement with Stock Exchange, Cash Flow Statement has been attached to the Balance Sheet and Profit and Loss Account.

4) FIXED ASSETS:

i) Fixed Assets are valued at cost of acquisition as reduced by depreciation; ii) Depreciation is provided on pro-rata basis, under the WDV value method in accordance with the rates specified in Schedule XIV to the Companies Act, 1956.

5) REVENUE RECOGNITION

Sales are recognised on the basis of sales invoices raised and passing of properly in goods, ie delivery.Sales are stated net of VAT. Rent, Interest Income,Income from Investment and other incomes are accounted on accrual basis. However, there was no trading activity during the year

6) INVESTMENT

Investment of long term nature are stated at cost less adjustment for any diminution in value of permanent nature. Current investment are also stated at cost as fluctuations in market value are temporary

7) TAXES ON INCOME:

Adequate provision for tax has been made as per the provisions of the Income tax Act

Deferred tax is recognised using the liability method, at the current rate of taxation on all timing differences to the extent that is probable that a liability or asset will crystallise. The liability arising mainly due to difference between book value and written down value of the assets as per Companies Act and IT. Act respectively During the year, there is Deferred Tax Benefit on this account and the same has been recognised as an asset

8) RETIREMENT BENEFITS:

The provisions of P.F. & ESI Act are not applicable to the company as the number of persons employed are below statutory limit. The liability for gratuity has not been determined Gratuity will be paid as and when the eligible employee retires.

9) SEGMENT REPORTING

The company is operating only in one segment ie. Trading in Bulk Drugs & Pharmaceuticals However no trading activities during the year under Audit.

11) EARNING PER SHARE:

Basic EPS has been disclosed in Profit & Loss Account. There is no diluted EPS EPS has been arrived at by dividing the post tax profit by number of shares

12) GENERAL

Accounting policies not specifically referred to otherwise are consistent and in consonance with the Generally Accepted Accounting Principles