Voler Car Ltd. కంపెనీ అకౌంటింగ్ విధానాలు

Mar 31, 2025

1 CORPORATE INFORMATION

Voler Car Limited is a company Incorporated on June 24, 2010, in the name and style of "Jamuna Travels Private Limited".

The corporate identification number of the company is L63040WB2010PLC150637.

The company then changes its name to "''Voler Car Private Limited''” on April 2, 2015. Subsequently, the company has been
converted from Private Company to Public Company on August 02,2024. The company got listed on February 19,2025.

The company is engaged in the business of public carriers, transporters and passenger transportation services. The company
is into business of road transport, to own, run, operate, manage buses, coaches, motor vehicles, tankers trailers, oil containers,
wagons, lorries, cars, and all kinds of vehicles for providing facility to passengers of allcategories, staff of different organisations.

2 SIGNIFICANT ACCOUNTING POLICIES

2.01 BASIS OF ACCOUNTING AND PREPARATION OF FINANCIAL STATEMENTS

The financial statements of the Company 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 2013 Act""), as applicable. The financial statements have been prepared on
accrual basis under the historical cost convention. The accounting policies adopted in the preparation of the financial statements
are consistent with those followed in the previous year.

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

All assets and liabilities have been classified as current or non-current as per the Company’s normal operating cycle and other
criteri a set out in Schedul e 111 to the Companies Act, 2013. Based on the nature of products and the ti me between the acquisition
of assets for processing and their realization in cash and cash equivalents, the Company has determined its operating cycle as
twelve months for the purpose of current - non-current classification of assets and liabilities.

2.02 USE OF ESTIMATES

The preparation of the financial statements in conformity with Indian GAAP requires the Management to make estimates and
assumptions considered in the reported amounts of assets and liabilities (including contingent liabilities) and the reported
income and expenses during the year. The Management believes that the estimates used in preparation of the financial
statements are prudent and reasonable. Future results could differ due to these estimates and the differences between the
actual results and the estimates are recognised in the periods in which the results are known / materialise.

2.03 PROPERTY, PLANT & EQUIPMENT

All Fixed Assets are recorded at cost including taxes, duties, freight and other incidental expenses incurred in relation to their
acquisition and bringing the asset to its intended use.

2.04 DEPRECIATION / AMORTISATION
Tangible Assets:

Depreciation on fixed assets is calculated on a straight line method basis using the rates arrived at based on the useful lives
estimated by the management, or those prescribed under the Schedule II to the Companies Act, 2013. Individual assets cost at
residual value is calculated at 5% each. Intangible assets including internally developed intangible assets are amortised overthe
year for which the company expects the benefits to accrue.

2.05 IMPAIRMENT OF ASSETS

An asset is treated as impaired when the carrying cost of asset exceeds its recoverable value. Recoverable amount is the higher of
an asset''s net selling price and its value in use. Value in use is the present value of estimated future cash flows expected to arise
from the continuing use of the asset and from its disposal at the end of its useful life. Net selling pri ce is the amount obtainable from
sale of the asset in an arm''s length transaction between knowledgeable, willing parties, less the costs of disposal. An impairment
loss is charged to the Statement of Profit and Loss in the year in which an asset is identified as impaired. The impairment loss
recognised in prior accounting periods is reversed if there has been a change in the estimate of the recoverable value.

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Mar 31, 2024

2 SIGNIFICANT ACCOUNTING POLICIES

2.01 BASIS OF ACCOUNTING AND PREPARATION OF FINANCIAL STATEMENTS

The financial statements of the Company 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 2013 Act"), as applicable. The financial statements have been prepared on accrual basis under the historical cost convention. The
accounting policies adopted in the preparation of the financial statements are consistent with those followed in the previous year.

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

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
Schedule III to the Companies Act, 2013. Based on the nature of products and the time between the acquisition of assets for processing and their
realization in cash and cash equivalents, the Company has determined its operating cycle as twelve months for the purpose of current - non-current
classification of assets and liabilities.

2.02 USE OF ESTIMATES

The preparation of the financial statements in conformity with Indian GAAP requires the Management to make estimates and assumptions
considered in the reported amounts of assets and liabilities (including contingent liabilities) and the reported income and expenses during the year.
The Management believes that the estimates used in preparation of the financial statements are prudent and reasonable. Future results could differ due
to these estimates and the differences between the actual results and the estimates are recognised in the periods in which the results are known /
materialise.

2.03 PROPERTY, PLANT & EQUIPMENT

All Fixed Assets are recorded at cost including taxes, duties, freight and other incidental expenses incurred in relation to their acquisition and bringing
the asset to iLs intended use.

2.04 DEPRECIATION/AMORTISATION
Tangible Assets:

Depreciation on fixed assets is calculated on a straight line method basis using the rates arrived at based on the useful lives estimated by the
management, or those prescribed under the Schedule II to the Companies Act, 2013. Individual assets cost at residual value Is calculated at 5% each .
Intangible assets including internally developed intangible assets are amortised over the year for which the company expects the benefits to accrue.

Intangible assets

Software is amortised over a period of Five years on straight line method.