DRS Dilip Roadlines Ltd. కంపెనీ అకౌంటింగ్ విధానాలు

Mar 31, 2025

(B) Significant Accounting Policies:

1) Basis of Preparation:

The financial statements of the Company have been prepared on the basis of going concern,
under the historical cost convention on accrual basis, to comply in all material aspects with
applicable Generally Accepted Accounting Principles in India, the Accounting Standards
prescribed under section 133 of the companies Act,2013 , read with Companies (Accounting
Standards ) Rules , 2021 as amended(''Indian GAAP"), as applicable and the relevant provisions
of the companies Act, 2013 ("The 2013 Act " ), as applicable. The accounting policies adopted
in the preparation of the financial statements are consistent with those followed in previous
year.

2) 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 transportation of goods
and handling activities are recognized when shipments are manifested and represent amounts
invoiced, net of GST.

3) Property, Plant and Equipment:

Property, Plant and Equipment are carried at cost less accumulated depreciation and
impairment losses, if any. The cost of Property, Plant and Equipment comprises of purchase
price, applicable duties and taxes, any directly attributable expenditure on making the asset
ready for its intended use, other incidental expenses up to the date the asset is ready for its
intended use.

4) Depreciation:

Depreciation is provided on a straight-line basis over the useful lives of assets prescribed under
Schedule II of the Companies Act, 2013 which is as stated below.

Plant and machinery - 15 Years

Office Equipment - 5 Years
Furniture and fixtures - 10 Years
Vehicles - 6- 10 Years
Computers - 3 Years

Lease hold buildings are amortized over the period of lease.

5) Investments:

Non-Current investments are carried at cost less provision for diminution other than
temporary, in the value of such investments. Current investments are carried, at the lower of
cost and fair value. Cost of investments includes acquisition charges such as brokerage, fees
and duties.

6) Inventories:

Inventories are measured at cost (FIFO) after providing for obsolescence, if any. Cost comprises
of cost of purchase, and other costs incurred in bringing the inventories to the present location
and condition. Inventories are stated at the lower of cost and net realizable value.

7) Employee Benefits:

Short term employee benefits

All employee benefits falling due within twelve months of rendering the service are classified
as short-term employee benefits, which include benefits like salaries, short term compensated
absences, performance incentive, etc. and are recognized as expense in the period in which
the employee renders the service.

Defined-contribution plans

The Company has defined contribution plans for post-employment benefits in respect of
Provident Fund, and the Company''s contributions thereto are charged to the Statement of
Profit and Loss as they become due. The Company''s contributions to State plans (viz.,
Employee State Insurance Scheme) are also charged to the Statement of Profit and Loss as
expense during the period in which the employees render the service.

Defined-benefit plan

For defined benefit plans in the form of gratuity fund, the cost of providing benefits is
determined using the Projected Unit Credit method, with actuarial valuations being carried
out at each balance sheet date. Actuarial gains and losses are recognized in the Statement of
Profit and Loss in the period in which they occur. The retirement benefit obligation recognized
in the Balance Sheet represents the present value of the defined benefit obligation.

8) Earnings Per Share:

The earnings considered in ascertaining the Company''s earnings Per Share comprise of net
profit after tax. The number of shares used for computing the Basic earnings Per Share is the
weighted average number of shares outstanding during the year. In case of Dilutive Earnings
Per Share, the earnings and the weighted average number of shares are adjusted for dilutive
potential shares, except where these are considered anti-dilutive.

9) Taxes on Income:

a) Current tax is the amount of tax payable on the taxable income for the year as
determined in accordance with the applicable tax rates and the provisions of the Income-
tax Act, 1961 and other applicable tax laws.

b) Deferred tax is recognised on timing differences, being the differences between the
taxable income and the accounting income that originate in one period and are capable of
reversal in one or more subsequent periods. Deferred tax is measured using the tax rates
and the tax laws enacted or subsequently enacted as at the reporting date.

Deferred tax liabilities are recognized for all timing differences.

Deferred tax assets are recognized for timing differences of items other than unabsorbed
depreciation and carry forward losses only to the extent that reasonable certainty exists
that sufficient future taxable income will be available against which these can be realized.
However, if there are unabsorbed depreciation and carry forward of losses and items
relating to capital losses, deferred tax assets are recognized only if there is virtual
certainty supported by convincing evidence that there will be sufficient future taxable
income available to realize the assets. Deferred tax assets and liabilities are offset if such
items relate to taxes on income levied by the same governing tax laws and the Company
has a legally enforceable right for such set off. Deferred tax assets are reviewed at each
balance sheet date for their realizability.

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Mar 31, 2024

(B) Significant Accounting Policies

1) Basis of Preparation:

These financial statements have been prepared in accordance with the Generally Accepted Accounting Principles in India ("Indian GAAP") to comply with the Accounting Standards specified under Section 133 of the Companies Act, 2013 and the relevant provisions of the Companies Act, 2013. The financial statements have been prepared under the historical cost convention on accrual basis.

2) 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 transportation of goods and handling activities are recognized when shipments are manifested and represent amounts invoiced, net of GST. Revenue from warehousing is recognized at the end of every month on the basis of terms and conditions of arrangement with respective customers.

3) Property Plant and Equipment:

Property, Plant & Equipment are stated at cost of acquisition, including any attributable cost for bringing the asset to its working condition for its intended use, less accumulated depreciation and impairment loss. Depreciation on tangible assets is calculated on a straight-line basis as per the rates prescribed under Schedule II of the Companies Act, 2013.

4) Depreciation:

Depreciation is provided on a straight-line basis over the useful lives of assets, which is as stated in Schedule II of Companies Act 2013.

5) Borrowing Cost:

Borrowing costs relating to acquisition of Property, Plant and Equipment which takes substantial period of time to get ready for its intended use are included to the extent they relate to the period till such assets are ready to be put to use. All other borrowing costs are charged to revenue. Borrowing costs consist of interest and financial costs the company incurs on its borrowed capital.

6) Inventories:

Items of inventories are measured at cost (FIFO) after providing for obsolescence, if any. Cost comprises of cost of purchase, cost of conversion, and other costs incurred in bringing the inventories to the present location and condition.

7) Employee Benefits:

a) Retirement benefits in the form of Provident Fund are defined contribution scheme and contributions in respect of such scheme are recognized in the books of account.

b) Gratuity liability is a defined benefit obligation and provided on the basis of independent actuarial valuation on projected unit credit method made at the end of the year.

8) Taxes on Income:

a) Current tax is determined as the amount of tax payable in respect of estimated taxable income for the year.

b) Deferred tax is recognized for all the timing differences, subject to the consideration of prudence in respect of deferred tax assets. Deferred tax assets are recognized and carried forward only to the extent that there is a reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be realized. Deferred tax assets and liabilities are measured using the tax rates and tax laws that have been enacted or substantively enacted by the Balance Sheet date.