2. Significant Accounting Policies

I. Basis of accounting and preparation of financial statements:-

The financial statements of the Company have been prepared in accordance with generally accepted accounting
principles in India (Indian GAAP). The company has prepared these financial statements to comply with the Accounting
Standards notified under Section 133 of the Companies Act, 2013 (''the Act'') read with Rule 7 of the Companies
(Accounts) Rules, 2014 and presentation requirements of Division I of Schedule III to the Companies Act, 2013. The
financial statements have been prepared on going concern basis under the historical cost convention on accrual basis.

The accounting policies adopted in the preparation of the financial statements are consistent with those of previous year
unless otherwise specified. All assets and liabilities have been classified as current or non-current as per the company''s
normal operating cycle and other criteria set out in the Schedule III to the Companies Act, 2013. Based on the nature of
operations and time difference between the provision of services and realization of cash and cash equivalents, the company
has ascertained its operating cycle as 12 months for the purpose of current and non-current classification of assets and liabilities.

II. Use of Estimates

The preparation of financial statements in conformity with Indian GAAP requires the management to make judgments,
estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities and the
disclosure of contingent liabilities, at the end of the reporting period. Although these estimates are based on the
management''s best knowledge of current events and actions, uncertainty about these assumptions and estimates could
result in the outcomes requiring a material adjustment to the carrying amounts of assets or liabilities in future periods.

III. Property, Plant and Equipment

Property, Plant and Equipment are stated at cost of acquisition, installation or construction including other direct expenses incurred to
bring the assets to its working condition for its intended use less accumulated depreciation, amortization, impairment, and compensation.

Gains or losses arising from derecognition of Property, plant and equipment are measured as the difference between the net disposal
proceeds and the carrying amount of the asset and are recognized in the statement of profit and loss when the asset is derecognized.

IV. Intangible Assets

Intangible assets are reported at acquisition value with deductions for accumulated amortization and any impairment losses, if any.

V. Depreciation and Amortization

Depreciation is provided on the straight-line method over the estimated useful life prescribed under Schedule II to the Companies Act,
2013 as under:

VI. Revenue Recognition

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be
reliably measured.

Revenue from sale of goods, both manufactured and traded is recognized when all the significant risks and rewards of ownership of the
goods have been passed to the buyer. The company collects Goods and Service Tax (GST) on behalf of the government and, therefore
no economic benefits owing to the company on that account, the same are excluded from revenue.

Interest income is recognized on accrual basis on a time proportion basis taking into Account the Amount outstanding and the rate
applicable. Interest income is included under the head Other Income in the statement of profit and loss.

VII. Investments

Investments are carried at cost of acquisition. The cost of investments comprises the purchase price and other
expenses directly attributable to the acquisition of such investments. Provision for diminution in the value of investments
is recognised only when, in the opinion of the management, such diminution is other than temporary in nature.

VIII. Cash and Cash Equivalent

The Company considers all highly liquid financial instruments, which are readily convertible into known amount of cash that are subject
to an insignificant risk of change in value and having original maturities of three months or less from the date of purchase, to be cash
equivalents.

IX. Statement of Cash Flow

Cash flows are reported using the indirect method, whereby profit/(loss) after extraordinary items and tax is adjusted for the effects
of transactions of non-cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows from
operating, investing and financing activities of the Company are segregated based on the available information.

X. Inventories

Raw Materials, Chemicals, Packing and Stores & Spares Valued at lower of cost or net realisable value. Inventory of Scrap is valued at
Net realisable value.

Inventory of Finished goods is valued at lower of cost including underlying raw material and pro-rata overheads incurred thereon OR it''s
Net Realisable value.

The cost of inventories is determined using Average Cost. Cost includes direct materials, labour, other direct cost and other overheads.
Inventories also includes applicable taxes, other than those which are subsequently recoverable from tax authorities.

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

XI. Retirement and other employee benefits

Defined Contribution Plan: Retirement benefit in the form of provident fund is defined contribution scheme. The Company''s contribution
paid/ payable during the period towards provident fund is recognized in the Statement of Profit and Loss. The Company has no obligation
other than the contribution payable to provident fund.

Defined Benefit Plan: Gratuity liability and Leave Encashment is defined benefit obligation and is provided for on the basis of actuarial
valuation on projected unit credit method, made at the end of each financial year. Company''s contribution towards gratuity is
determined based on actuarial valuation. Actuarial gains or losses for defined benefit plan is recognized in full in the Statement of
Profit and Loss in the period in which they occur. Provision has been made in Statement of Profit and Loss for such liability based on
the valuation and the same shall be disbursed during the normal course of business of the Company, as and when the same arises.

The Company maintains an approved Defined Benefit Gratuity Scheme through the ICICI Gratuity Fund. Annual contributions
are made based on actuarial valuation, and gratuity payments to eligible employees are settled directly from the fund.

XII. Borrowing Cost

Borrowing costs attributable to acquisition and construction of qualifying assets are capitalized as a part of the cost of such assets up
to the date when such assets are ready for its intended use. Other borrowing costs are charged to the statement of Profit and Loss in
the year in which they are incurred.

XIII. Earnings Per Share

Basic earnings per share is calculated by dividing the net profit or loss for the year attributable to equity shareholders by the weighted
average number of equity shares outstanding during the year. For the purpose of calculating diluted earnings per share, the net profit or
loss for the year attributable to equity shareholders and the weighted average number of shares outstanding during the year is adjusted
for the effects of all dilutive potential equity shares.

XIV. Income taxes

Tax expense comprises current and deferred tax. Current income-tax is measured at the amount expected to be paid to the tax
authorities in accordance with the Income tax Act, 1961 enacted in India and tax laws prevailing in the respective tax jurisdictions where
the Company operates. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at
the reporting date.

Deferred income taxes reflect the impact of timing differences between taxable income and accounting income originating during the
current year and reversal of timing differences for the earlier years. Deferred tax is measured using the tax rates and the tax laws enacted
or substantively enacted at the reporting date. Deferred income tax relating to items recognized directly in equity is recognized in equity
and not in the statement of profit and loss.

Deferred tax liabilities are recognized for all taxable timing differences. Deferred tax assets are recognized for deductible timing
differences only to the extent that there is reasonable certainty that sufficient future taxable income will be available against which
such deferred tax assets can be realized. In situations where the Company has unabsorbed depreciation or carry forward tax losses, all
deferred tax assets are recognized only if there is virtual certainty supported by convincing evidence that they can be realized against
future taxable profits.

Deferred tax assets and deferred tax liabilities are offset, if a legally enforceable right exists to set-off current tax assets against current
tax liabilities and the deferred tax assets and deferred taxes relate to the same taxable entity and the same taxation authority.

XV. Segment Reporting

The Company operates in a single business segment and primarily within the geographical boundaries of India. Accordingly, the
requirements of Accounting Standard (AS) 17 "Segment Reporting” are not applicable.

XVI. Government Grants

Grants and subsidies from the government are recognized when there is reasonable assurance that the company will comply with the
conditions attached to them, and grant/subsidy will be received. Grant received against specific Fixed Assets are adjusted to the cost of
the Assets and those to the nature of Promoters contribution are credited to Capital reserve. Revenue grants are recognized as income on
a systematic basis in the Statement of Profit and loss in accordance with the related scheme and in the period in which these are accrued.

A. Significant Accounting Policies

1. Basis of accounting: -

These financial statements have been prepared in accordance with the Generally Accepted Accounting Principles in
India (Indian GAAP) including the Accounting Standards notified under Section 133 of the Companies Act, 2013, read
with Rule 7 of the Companies (Accounts) Rules, 2014 and the relevant provisions of the Companies Act, 2013.

The financial statements have been prepared under the historical cost convention on accrual basis.

2. Use of Estimates

The preparation of financial statements in conformity with Indian GAAP requires the management to make judgments,
estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities and the
disclosure of contingent liabilities, at the end of the reporting period. Although these estimates are based on the
management''s best knowledge of current events and actions, uncertainty about these assumptions and estimates
could result in the outcomes requiring a material adjustment to the carrying amounts of assets or liabilities in
future periods.

3. Revenue Recognition: -

Expenses and Income considered payable and receivable respectively are accounted for on accrual basis.

Revenue is recognized to the extent that it is probable that the economic benefits will flow to the Company and the
revenue can be reliably measured.

4. Property, Plant & Equipment: -

Property, Plant & Equipment including intangible assets are stated at their original cost of acquisition including
taxes, freight and other incidental expenses related to acquisition and installation of the concerned assets less
depreciation till date.

Company has adopted cost model for all class of items of Property Plant and Equipment.

5. Depreciation: -

Depreciation on Fixed Assets is provided to the extent of depreciable amount on the Straight-Line Method.
Depreciation is provided based on useful life of the assets as prescribed in Schedule II to the Companies Act, 2013

Depreciation on assets acquired/sold during the year is recognized on a pro-rata basis to the statement of profit and
loss till the date of acquisition/sale.

The carrying amount of assets is reviewed at each balance sheet date if there is any indication of impairment based
on internal/external factors. An impairment loss is recognized wherever the carrying amount of an asset exceeds
its recoverable amount. The recoverable amount is he carrying amount of an asset exceeds its recoverable amount.
The recoverable amount is the greater of the assets, net selling price and 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 risks specific to the asset.

After impairment, depreciation is provided on the revised carrying amount of the asset over its remaining useful life.

6. Foreign currency Transactions: -

Transactions arising in foreign currencies during the year are taken at the rate as paid through bank on the
transaction dates. In case of the Foreign Travelling, taken at the rate as paid to the travel agent.

7. Investments: -

Investments are stated at cost.

8. Inventories: -

Inventories are valued as under: -

1. Inventories : Lower of cost or net realizable value

2. Scrap : At net realizable value.

9. Borrowing cost: -

Borrowing costs that are attributable to the acquisition or construction of the qualifying assets are capitalized as
part of the cost of such assets. A qualifying asset is one that necessarily takes a substantial period of time to get
ready for its intended uses or sale. All other borrowing costs are charged to revenue in the year of incurrence. The
amount of borrowing cost capitalized during the year are as under: -

10. Employee Benefits: -

(i) The Company''s contribution in respect of provident fund is charged to profit and loss Account each year.

(ii) Provisions made for liability for gratuity and pay leave are determined on the basis of payment payable as per
Gratuity Act, during the year under consideration, the company made provision of gratuity of C1787.906 which
is debited to profit and loss account and out of which paid C 22.629 to the employee during the year.

11. Government Grants

The entity has received Government grant of 3000.000 thousand which has been allocated in ratio of investment
and Subsidy received is written back over the useful life of assets as per AS-12 Government Grants in the
following manner:

12. Taxes on Income: -

Provision for current tax is made on the basis of estimated taxable income for the current accounting year in
accordance with the Income Tax Act, 1961. The deferred tax for timing differences between the book and tax profits
for the year is accounted for, using the tax rates and laws that have been substantively enacted by the balance sheet
date. Deferred tax assets arising from timing differences are recognized to the extent there is virtual certainty with
convincing evidence that these would be realized in future. At each Balance Sheet date, the carrying amount of
deferred tax is reviewed to reassure realization.