Steamhouse India Ltd. కంపెనీ అకౌంటింగ్ విధానాలు

Summary of Material Accounting Policies1. Basis of preparation and presentation Standalone Financial Statements -

The Standalone Financial Statements of the Company comprise the Standalone Balance Sheet as at March 31, 2026, the
Standalone Statement of Profit and Loss (including Other Comprehensive Income), the Standalone Statement of Changes
in Equity and the Standalone Statements of Cash Flows for the year ended March 31, 2026 and the Summary of Material
Accounting Policies and explanatory information (collectively, the ''Standalone Financial Statements'') has been prepared in
accordance with the Indian Accounting Standards (''Ind AS'') notified under section 133 of the Companies Act, 2013 (the "Act")
read with the Companies (Indian Accounting Standards) Rules, 2015, (as amended) and presentation requirements of Division
II of Schedule III to the Act ("Ind AS compliant Schedule III"), as applicable to the Company.

The Standalone Financial Statements have been prepared under the historical cost convention on the accrual basis except
certain financial assets and liabilities (including derivative instruments) that are measured at fair value; and net defined benefit
(asset) / liability that are measured at fair value of plan assets less present value of defined benefit obligations.

Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a
revision to an existing standard requires a change in accounting policy hitherto in use.

2. Current and non-current classification of assets and liabilities

The Company presents assets and liabilities in the Standalone Balance Sheet based on Current/ Non-Current classification.

An asset is treated as Current when it is -

(i) Expected to be realized or intended to be sold or consumed in normal operating cycle;

(ii) Held primarily for the purpose of trading;

(iii) Expected to be realized within twelve months after the reporting period, or

(iv) Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after
the reporting period.

Terms of a liability that could, at the option of the counterparty, result in its settlement by the issue of equity instruments do
not affect its classification.

All other assets are classified as non-current.

A liability is current when it is -

(i) Expected to be settled in normal operating cycle

(ii) Held primarily for the purpose of trading;

(iii) Due to be settled within twelve months after the reporting period, or

(iv) There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period.
The Company classifies all other liabilities as non-current.

Deferred tax assets and liabilities are classified as non-current assets and liabilities.

Operating Cycle

The operating cycle is the time between the acquisition of assets for processing and their realization in cash and cash
equivalents. The Company has identified twelve months as its operating cycle.

3. Use of judgments, estimates and assumptions

The preparation of financial information in conformity with Ind AS requires management to make judgments, estimates and
assumptions that affect the reported amounts of revenue, expenses, current assets, non-current assets, current liabilities, non¬
current liabilities, and the disclosure of the contingent liabilities on the date of the preparation of these financial statements.
Such estimates are on a reasonable and prudent basis considering all available information, however due to uncertainties
about these judgments, estimates and assumptions, the actual results could differ from those estimates. Information about
each of these estimates and judgments is included in relevant notes. Any revision to accounting estimates is recognized
prospectively in current and future periods.

Judgments

Information about judgments made in applying accounting policies that have the most significant effects on the amounts
recognized in the financial information is included in the classification of financial assets and financial liabilities: assessment
of business model within which the assets are held and assessment of whether the contractual terms of the financial assets
are solely payments of principal and interest on the principal amount outstanding.

Assumptions and estimation uncertainties

Information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment,
assumptions and estimation uncertainties are provided here, whereas the quantitative break-ups for the same are provided in
the notes mentioned below:

o Useful life of depreciable assets, Property, Plant and Equipment and Other Intangible Assets
o Recognition of contingencies, key assumptions about the likelihood and magnitude of outflow of resources
o Recognition of tax expenses including deferred tax
o Defined benefit obligation, key actuarial assumptions
o Impairment of trade receivables

o Valuation of Inventories

4. Going concern assumptions

These Standalone Financial Statements have been prepared on a going concern basis. The management has, given the
significant uncertainties arising out of the various situations, assessed the cash flow projections and available liquidity for a
period of at least twelve months from the date of these financial statements. Based on this evaluation, management believes
that the Company will be able to continue as a "going concern" in the foreseeable future and for a period of at least twelve
months from the date of these financial statements based on the following:

o Expected future operating cash flows based on business projections, and

o Available credit facilities with its bankers

Based on the above factors, the management has concluded that the "going concern" assumption is appropriate. Accordingly,
the Standalone Financial Statements do not include any adjustments regarding the recoverability and classification of the
carrying amount of assets and classification of liabilities that might result, should the Company be unable to continue as a
going concern.

5. Fair Value Measurement

The Company measures financial instruments, such as, investments at fair value at each reporting 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. The fair value measurement is based on the presumption that the transaction
to sell the asset or transfer the liability takes place either:

(i) In the principal market for the asset or liability, or

(ii) In the absence of a principal market, in the most advantageous market for the asset or liability
The principal or the most advantageous market must be accessible by the Company.

The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the
asset or liability, assuming that market participants act in their economic best interest.

A fair value measurement of a non-financial asset takes into account a market participant''s ability to generate economic
benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in
its highest and best use.

The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available
to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the
fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a
whole:

(i) Level 1 - Quoted (unadjusted) market prices in active markets for identical assets or liabilities

(ii) Level 2 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly
or indirectly observable

(iii) Level 3 - Valuation techniques for which the lowest level input that is significant to the fair value measurement is
unobservable

For assets and liabilities whether transfers have occurred between levels in the hierarchy by re-assessing that are recognized
in the financial statements on a recurring basis, the Company determines categorization (based on the lowest level input that
is significant to the fair value measurement as a whole) at the end of each reporting period.

The management determines the policies and procedures for both recurring fair value measurement as well as for non¬
recurring measurement.

At each reporting date, the management analyses the movements in the values of assets and liabilities which are required to
be remeasured or re-assessed as per the Company''s accounting policies. For this analysis, the management verifies the major
inputs applied in the latest valuation by agreeing the information in the valuation computation to contracts and other relevant
documents.

The management also compares the change in the fair value of each asset and liability with relevant external sources to
determine whether the change is reasonable.

For the purpose of fair value disclosures, the Company has determined classes of assets and liabilities on the basis of the
nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy as explained above.

6. Investments in subsidiaries, Associates and Joint Ventures -

The investment in subsidiaries and/or associates and/or Joint Ventures are carried in these Standalone Financial Statements
at historical cost, except when the investment, or a portion thereof, is classified as held for sale, in which case, it is accounted
for as Non-Current assets held for sale and discontinued operations.

Where the carrying amount of investment is greater than its estimated recoverable amount, it is written down immediately to
its recoverable amount and the difference is transferred to the Standalone Statement of Profit and Loss.

On disposal of investment, the difference between the net disposal proceeds and the carrying amount is charged or credited to
the Standalone Statement of Profit or Loss.

7. Property, Plant and Equipment (including Capital Work in Progress) -

Recognition and measurement

Property, plant and equipment and capital work in progress are stated at cost, net of accumulated depreciation and accumulated
impairment losses, if any. Cost includes purchase price (after deducting trade discount / rebate), non-refundable import duties
and taxes, cost of replacing the component parts, borrowing costs and other directly attributable cost to bringing the asset to
the location and condition necessary for it to be capable of operating in the manner intended by management. Property, Plant
and Equipment which are significant to the total cost of that item of Property, Plant and Equipment and having different useful
life are accounted separately. Other Indirect Expenses incurred relating to project, net of income earned during the project
development stage prior to its intended use, are considered as pre- operative expenses and disclosed under Capital Work-in¬
Progress.

Major shutdown and overhaul expenditure is capitalized as the activities undertaken improves the economic benefits expected
to arise from the asset. It includes professional fees and, for qualifying assets, borrowing costs capitalized in accordance with
the Company''s accounting policy based on Ind AS 23 - Borrowing costs. Such properties are classified to the appropriate
categories of PPE when completed and ready for intended use. Assets in the course of construction are classified under Capital
Work-in-Progress. At the point when operating of an asset commences as per the management''s intended use, the cost of
construction/erection is transferred to the appropriate category of property, plant and equipment and depreciation is charged.
Costs associated with the commissioning of an asset and any obligatory decommissioning costs are capitalized where the
asset is available for use but incapable of operating at normal levels until a year of commissioning has been completed.
Revenue generated from production during the trial period is capitalized. Property, plant and equipment except freehold land
held for use in the production, supply or administrative purposes, are stated in the Standalone Balance Sheet at cost less
accumulated depreciation and accumulated impairment losses, if any.

An item of PPE is de-recognized on disposal or when no future economic benefits are expected from use. Any profit or loss
arising on the de-recognition of an item of property, plant and equipment is determined as the difference between the net
disposal proceeds and the carrying amount of the asset and is recognized in Standalone Statement of Profit and Loss.

Subsequent costs

The cost of replacing a part of an item of property, plant and equipment is recognized in the carrying amount of the item if it is
probable that the future economic benefits embodied within the part will flow to the Company and its cost can be measured
reliably. The carrying amount of the replaced part is de- recognized. The cost of the day-to-day servicing the property, plant
and equipment are recognized in the Standalone Statement of Profit and Loss as incurred.

Derecognition

An item of property, plant and equipment is de-recognized upon the disposal or when no future benefits are expected from its
use or disposal. Any gain and loss on disposal of an item of property, plant and equipment is determined by comparing the
proceeds from disposal with the carrying amount of property, plant and equipment, and are recognized net within other income
/ expenses in the Standalone Statement of Profit and Loss.

Depreciation

Depreciation on Property, Plant and Equipment is provided using Straight Line Method on depreciable amount. Depreciation is
provided based on useful life of the assets as prescribed in Schedule II to the Companies Act, 2013.

The depreciable amount of an asset is determined after deducting its residual value. Where the residual value of an asset
increases to an amount equal to or greater than the asset''s carrying amount, no depreciation charge is recognized till the
asset''s residual value decreases below the asset''s carrying amount. Depreciation of an asset begins when it is available for
use, i.e., when it is in the location and condition necessary for it to be capable of operating in the intended manner. Depreciation
of an asset ceases at the earlier of the date that the assets classified as held for sale in accordance with Ind AS 105 and the
date that the asset is de-recognized.

The assets'' residual values and useful lives are reviewed, and adjusted if appropriate, at the end of each reporting period and
if the expectations differ from the previous estimates; the change is accounted for as a change in accounting estimate on a
prospective basis.

The property, plant and equipment acquired under finance leases is depreciated over the asset''s useful life or over the shorter
of the asset''s useful life and the lease term if there is no reasonable certainty that the Company will obtain ownership at the
end of the lease term.

8. Leases -

At inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is, or contains, a lease
if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.

To assess whether a contract conveys the right to control the use of an identified asset, the Company assesses whether the
contract involves the use of an identified asset:

o This may be specified explicitly or implicitly and should be physically distinct or represent substantially all of the capacity

of a physically distinct asset. If the supplier has a substantive substitution right, then the asset is not identified.

o The Company has the right to obtain substantially all of the economic benefits from use of the asset throughout the
period of use; and

o The Company has the right to direct the use of the asset. The Company has this right when it has the decision making
rights that are most relevant to changing how and for what purpose the asset is used. In rare cases where the decision
about how and for what purpose the asset is used is predetermined, the Company has the right to direct the use of the
asset if either:

o The Company has the right to operate the asset; or

o The Company designed the asset in a way that predetermines how and for what purpose it will be used.

At inception or on reassessment of a contract that contains a lease component, the Company allocates the consideration
in the contract to each lease component on the basis of their relative stand-alone prices. However, Company has availed
exemption in respect of allocating consideration in respect of component of land and building. However, as a lessee, the
Company recognizes a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is
initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at
or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the
underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received.

The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the earlier
of the end of the useful life of the right-of-use asset or the end of the lease term. The estimated useful lives of right of use
assets are determined on the same basis as those of property and equipment. In addition, the right-of-use asset is periodically
reduced by impairment losses, if any, and adjusted for certain re-measurements of the lease liability.

The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date,
discounted using the Interest rate implicit in the lease or, if that rate cannot be readily determined, Company''s incremental
borrowing rate. Generally, the Company uses its incremental borrowing rate as the discount rate. Lease payments included in
the measurement of the lease liability comprise the following -

• Fixed payments, including in-substance fixed payments;

• Variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the
commencement date;

• Any amount accrued for payment as per Agreement

• Amounts expected to be payable under a residual value guarantee; and

• The exercise price under a purchase option that the Company is reasonably certain to exercise, lease payments in an
optional renewal period if the Company is reasonably certain to exercise an extension option, and penalties for early
termination of a lease unless the Company is reasonably certain not to terminate early.

The lease liability is measured at amortized cost using the effective interest method. It is re-measured when there is a change
in future lease payments arising from a change in an index or rate, if there is a change in the Company''s estimate of the amount
expected to be payable under a residual value guarantee, or if Company changes its assessment of whether it will exercise a
purchase, extension or termination option. When the lease liability is re-measured in this way, a corresponding adjustment is
made to the carrying amount of the right-of-use asset or is recorded in Standalone Statement of Profit and Loss if the carrying
amount of the right-of-use asset has been reduced to zero.

The Company presents right-of-use assets that do not meet the definition of investment property as a separate line item ''ROU
Assets'' and lease liabilities as a separate line item ''Lease Liability'' in the Standalone Balance Sheet.

Short-term leases and leases of low-value assets

The Company has elected not to recognize right of use assets and lease liabilities for short term leases of real estate properties
that have a lease term of 12 months or less. The Company recognizes the lease payments associated with these leases as an
expense on a straight-line basis over the lease term.

9. Intangible Assets -

Recognition and measurement

Intangible assets are recognized when the asset is identifiable, is within the control of the Company, it is probable that the
future economic benefits that are attributable to the asset will flow to the Company and cost of the asset can be reliably
measured. Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets
acquired in a business combination is their fair value at the date of acquisition. Intangible assets acquired by the Company
that have finite useful lives are measured at cost less accumulated amortization and any accumulated impairment losses.
Intangible assets with indefinite useful lives are not amortized, but are tested for impairment annually, either individually or
at the cash-generating unit level. Expenditure on Research activities is recognized in the Standalone Statement of Profit and
Loss as incurred. Development expenditure is capitalized only if the expenditure can be measured reliably, the product or
process is technically and commercially feasible, future economic benefits are probable, and the Company intends to complete
development and to use or sell the asset. Intangible assets which comprise of the development expenditure incurred on new
product and expenditure incurred on acquisition of user licenses for computer software is recorded at their acquisition price.

"Revenue of by-products" rights obtained in consideration for rendering construction services (under service concession
agreement) represent the right to revenue of by-products during the concession period in respect of Build-Operate-Transfer
(BOT) projects undertaken by the Company. Such rights are capitalised as intangible asset upon completion of the project at
the cumulative construction costs including related margins.

Subsequent measurement

Subsequent expenditure is capitalized only when it increases the future economic benefits embodied in the specific asset to
which it relates.

Amortization

The useful lives of intangible assets are assessed as either finite or indefinite. Intangible assets i.e., computer software is
amortized on a straight-line basis over the period of expected future benefits commencing from the date the asset is available
for its use. Intangible assets are assessed for impairment whenever there is an indication that the intangible asset may be
impaired.

Rights obtained under service concession agreement for right to revenue of by-products are amortised over concession period
after completion of construction.

Derecognition

Gains or losses arising from de-recognition of an intangible asset are measured as the difference between the net disposal
proceeds and the carrying amount of the asset and are recognized in the Standalone Statement of Profit and Loss when the
asset is de-recognized.

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.

Initial Recognition and Measurement

Financial assets and/or financial liabilities are recognized when the Company becomes party to a contract embodying the
related financial instruments. All financial assets, financial liabilities and financial guarantee contracts are initially measured at
transaction values and where such values are different from the fair value, at fair value. Transaction costs that are attributable
to the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at
fair value through profit or loss) are added to or deducted from as the case may be, the fair value of such financial assets
or liabilities, on initial recognition. Transaction costs directly attributable to the acquisition of financial assets or financial
liabilities at fair value through profit or loss are recognized immediately in Standalone Statement of Profit or Loss.

Offset

A financial asset and a financial liability are offset and presented on net basis in the the Standalone Balance Sheet when there
is a current legally enforceable right to set- off the recognized amounts and it is intended to either settle on net basis or to
realize 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.

I. Financial Assets

Subsequent Measurements:

For subsequent measurement, the Company classifies financial asset in following broad categories:

i. Financial asset carried at amortized cost.

ii. Financial asset carried at fair value through other comprehensive income (FVTOCI)

iii. Financial asset carried at fair value through profit or loss (FVTPL)

i. Financial asset carried at amortized cost (net of any write down for impairment, if any):

Financial assets are measured at amortized cost when asset is held within a business model, whose objective is
to hold assets for collecting contractual cash flows and contractual terms of the asset give rise on specified dates
to cash flows that are solely payments of principal and interest. Such financial assets are subsequently measured
at amortized costs using Effective Interest Rate (EIR) method less impairment, if any. The losses arising from
impairment are recognized in the Standalone statement of profit or loss. Cash and bank balances, trade receivables,
loans and other financial asset of the Company are covered under this category.

Under the EIR method, the future cash receipts are exactly discounted to the initial recognition value using EIR. The
cumulative amortization using the EIR method of the difference between the initial recognition amount and maturity
amount is shown as ROU Asset on the face of the Standalone Balance Sheet (net of principal repayments, if any)
which is amortized over the relevant period of the financial asset to arrive at amortized cost at each reporting date.
The corresponding effect of the amortization under EIR method is recognized as interest income over the relevant
period of the financial asset. The same is included under "other income" in the Standalone statement of profit or loss.
The amortized cost of the financial asset is also adjusted for loss allowance, if any.

ii. Financial asset carried at FVTOCI:

Financial asset under this category are measured initially as well as at each reporting date at fair value, when asset
is held with a business model whose objective is to hold asset for both collecting contractual cash flows and selling
financial assets. Fair value movements are recognized in the other comprehensive income.

Financial asset under this category are measured initially as well as at each reporting date at fair value. Changes in
fair value are recognized in the Standalone statement of profit or loss.

Derecognition:

A financial asset is primarily derecognized when rights to receive cash flows from the asset have expired or the Company
has transferred its contractual rights to receive cash flows of the financial asset and has substantially transferred all the
risk and reward of the ownership of the financial asset.

Impairment of financial asset:

In accordance with Ind AS 109, the Company uses ''Expected Credit Loss'' (ECL) model, for evaluating impairment of
financial assets other than those measured at fair value through profit and loss (FVTPL).

ECL 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 entity expects to receive (i.e., all cash shortfalls), discounted at the original effective interest
rate. Lifetime ECL are the expected credit losses resulting from all possible default events over the expected life of a
financial asset. 12-month ECL is a portion of the lifetime ECL which results from default events that are possible within
12 months from the reporting date.

For trade receivables, the Company applies ''simplified approach'' which requires expected lifetime losses to be recognized
from initial recognition of the receivables. The Company uses historical default rates to determine impairment loss on
the portfolio of trade receivables. At every reporting date these historical default rates are reviewed and changes in the
forward looking estimates are analyzed. For other assets, the Company uses 12 Month ECL to provide for impairment loss
where there is no significant increase in credit risk. If there is significant increase in credit risk full lifetime ECL is used. ECL
impairment loss allowance (or reversal) recognized during the period is recognized as income/expense in the Standalone
Statement of Profit and Loss under the head ''Other expenses''.

II. Financial Liabilities:

Subsequent measurement:

For subsequent measurement, the Company classifies financial liabilities in following broad categories:

i. Financial liability carried at amortized cost.

ii. Financial liability carried at fair value through profit or loss (FVTPL)
i. Financial liability carried at amortized cost.

Interest-bearing loans and borrowings are subsequently measured at amortized cost using the Effective
Interest Rate (EIR) method. Gains and losses are recognized in Standalone statement of profit or loss when the
liabilities are derecognized as well as through EIR amortization process. Amortized 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 amortization is included as finance costs in the Standalone statement of profit and loss.

Non-interest bearing deposit and loans, Company measures it at amortized cost using the Effective Interest Rate
(EIR) method. Under the EIR method, the future cash receipts are exactly discounted to the initial recognition
value using EIR. The cumulative amortization using the EIR method of the difference between the initial
recognition amount and maturity amount is shown as separate line item (net of principal repayments, if any) on
the face of the Standalone Balance Sheet, which is deferred over the relevant period of the financial liability to
arrive at amortized cost at each reporting date. The corresponding effect of the amortization under EIR method
is recognized as interest expense over the relevant period of the financial liability. The same is included under
"Finance Charges" in the Standalone statement of profit or loss. The amortized cost of the financial liability is
also adjusted for loss allowance, if any.

Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial
liabilities designated upon initial recognition as at fair value through profit or loss. Financial liabilities under
this category are measured initially as well as at each reporting date at fair value. Changes in fair value are
recognized in the Standalone statement of profit or loss.

Derecognition of financial liabilities:

A financial liability is derecognized when the obligation under the liability is discharged or cancelled or expires. When an
existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of
an 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 Standalone Statement of Profit and Loss.

11. Impairment of Non-Financial Assets - Property, Plant and Equipment and Intangible Assets -

At the end of each reporting period, the Company reviews the carrying amounts of non-financial assets, other than inventories
and deferred tax assets to determine whether there is any indication that those assets have suffered an impairment loss. If
any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment
loss (if any). When it is not possible to estimate the recoverable amount of an individual asset, the Company estimates the
recoverable amount of the cash-generating unit to which the asset belongs. Each CGU represents the smallest Company of
assets that generates cash inflows that are largely independent of the cash inflows of other assets or CGUs. When a reasonable
and consistent basis of allocation can be identified, corporate assets are also allocated to individual cash-generating units,
or otherwise they are allocated to the smallest Company of cash-generating units for which a reasonable and consistent
allocation basis can be identified.

Recoverable amount is the higher of fair value less costs of disposal 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 the risks specific to the asset or CGU for which the estimates of future cash flows have not been
adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying
amount of the asset (or CGU) is reduced to its recoverable amount. An impairment loss is recognized immediately in Standalone
statement of profit and loss. Impairment loss recognized in respect of a CGU is allocated to reduce the carrying amounts of the
other assets of the CGU (or group of CGUs) on a pro rata basis.

Non-Financial Assets (other than goodwill) for which impairment loss has been recognized in prior periods, the Company
reviews at each reporting date whether there is any indication that the loss has decreased or no longer exists. When an
impairment loss subsequently reverses, the carrying amount of the asset (or a cash-generating unit) is increased to the revised
estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would
have been determined had no impairment loss been recognized for the asset (or cash-generating unit) in prior years. A reversal
of an impairment loss is recognized immediately in Standalone statement of profit and loss.

12. Inventories -

Inventories comprise of Raw materials and finished goods. Inventories are measured at the lower of cost or net realizable value
(NRV). Cost is determined on first-in-first-out (FIFO) method. Cost includes all charges in bringing the goods to their present
location and condition. Net realizable 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.

13. Cash and Cash Equivalents -

Cash comprises cash on hand and demand deposit with banks. Cash equivalents are short-term balances (with an original
maturity of three months or less from the date of acquisition), highly liquid investments that are readily convertible into known
amounts of cash and which are subject to insignificant risk of changes in value.