7NR Retail Ltd. कंपली की लेखा नीति

Mar 31, 2025

2. Material Accounting Policies

This note provides a list of the material accounting policies adopted in the preparation of these financial
statements. These policies have been consistently applied to all the years presented, unless otherwise
stated.

Statement of Compliance

These financial statements have been prepared in accordance with Ind-AS as prescribed under section
133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015 as
amended from time to time.

Basis of preparation

The financial statements have been prepared on the historical cost basis, except for certain financial
instruments which are measured at fair values at the end of each reporting period, as required by the
applicable accounting standards.

The financial statements are presented in Indian rupees (INR) and all amounts are rounded to the nearest
lakhs, except otherwise indicated. Amount less than Rs. 500 are indicated as "0.00" in the financial
statements.

All the assets and liabilities have been classified as current or non-current as per the Company''s normal
operating cycle. Based on the nature of the products and the time between the acquisition of assets for
processing and their realization in cash and cash equivalents, the Company has ascertained its operating
cycle as 12 months for the purpose of current / non-current classification of assets and liabilities.

Current V/s Non-Current Classification

The Company presents assets and liabilities in the 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. All other assets are classified as non-current.

A liability is current when:

i) It is expected to be settled in normal operating cycle

ii) It is held primarily for the purpose of trading

iii) It is 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.

Use of estimates and judgments

The estimates and judgments used in the preparation of the financial statements are continuously
evaluated by the Company and are based on historical experience and various other assumptions and
factors (including expectations of future events) that the Company believes to be reasonable under the
existing circumstances. Differences between actual results and estimates are recognised in the period in
which the results are known/materialised.

The said estimates are based on the facts and events, that existed as at the reporting date, or that
occurred after that date but provide additional evidence about conditions existing as at the reporting
date.

The estimates and the underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognized in the period in which the estimate is revised and future periods affected.
Significant judgments and estimates about the carrying amount of assets and liabilities include useful
lives of tangible and intangible assets, impairment of tangible assets, intangible assets including goodwill,
investments, employee benefits and other provisions and recoverability of deferred tax assets.

Fair Value Measurement

The Company classifies its financial assets in the following measurement categories:

i) Those to be measured subsequently at fair value (either through Other Comprehensive Income, or
through profit or loss).

ii) Those measured at amortised cost.

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:

a) In the principal market for the asset or liability, or

b) In the absence of a principal market, in the most advantageous market for the asset or liability

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.

At each reporting date, the Company 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 Company verifies the major inputs applied in the latest valuation by agreeing the information in the
valuation computation to contracts and other relevant documents. 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.

Revenue Recognition

Revenue from contract with customer is recognised upon transfer of control of promised products
or services to customers on complete satisfaction of performance obligations for an amount that
reflects the consideration which the Company expects to receive in exchange for those products or
services. Revenue is measured based on the transaction price, which is the consideration, adjusted
for discounts and other incentives, if any, as per contracts with the customers. However, Goods and
Services tax (GST) are not received by the Company on its own account. Rather, it is tax collected on
value added to the commodity by the seller on behalf of the government. Accordingly, it is excluded from
revenue.

Sales of Goods

Revenue from the sale of goods is recognized when all significant risks and rewards of ownership of the
goods have passed to the buyer, which generally coincides with delivery. Revenue from the sale of
goods is measured at the fair value of the consideration received or receivable, net of returns and
allowances, trade discounts and volume rebates.

Interest Income

Interest income is included in other income in the statement of profit and loss. Interest income is
recognized on a time proportion basis taking into account the amount outstanding and the
applicableinterest rate when there is a reasonable certainty as to realization.

Property, Plant and Equipment

All items of property, plant and equipment are stated at acquisition cost net of accumulated depreciation
and accumulated impairment losses, if any. Historical cost includes expenditure that is directly
attributable to the acquisition of the items. Subsequent costs are included in the carrying amount of
asset or recognized as a separate asset, as appropriate, only when it is probable that future economic
benefits associated with the item will flow to the Company and the cost of the item can be measured
reliably. All other repairs and maintenance expenses are charged to the Statement of Profit and Loss
during the period in which they are incurred. Gains or losses arising on retirement or disposal of assets
are recognized in the Statement of Profit and Loss.

Depreciation methods, estimated useful lives and residual value

Depreciation on Property, Plant & Equipment is charged on Straight Line Method. Depreciations are
charged over the estimated useful lives of the assets as specified in Schedule II of the Companies Act,
2013. Depreciation in respect of additions to/and deletion from assets has been charged on pro-rata
basis from/till the date they are put to commercial use. The residual values, useful lives and methods of
depreciation of property, plant and equipment are reviewed at regular intervals and adjusted
prospectively, if appropriate.

Depreciation on additions/deletions to Property plant and equipment during the year is provided for on
a pro-rata basis with reference to the date of additions/deletions.

Inventories

Cost of Inventories is arrived at on First-In First-Out (FIFO) basis and valued at cost or net realizable value
whichever is lower. Cost comprises all costs of purchase, costs of conversion and other costs incurred in
bringing the inventory to the present location and condition. 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.

Employees'' Benefits

Liabilities for wages and salaries that are expected to be settled wholly within 12 months after the end
of the period in which the employees render the related service are recognized in respect of employees''
services up to the end of the reporting period and are measured at the amounts expected to be paid
when the liabilities are settled. The liabilities are presented as current employee benefit obligations in
the balance sheet.

Income Taxes

Tax on Income comprises current tax and deferred tax. These are recognized in Statement of Profit and
Loss except to the extent that it relates to items recognized directly in equity or in other comprehensive
income.

Tax on income for the current period is determined on the basis on estimated taxable income and tax
credits computed in accordance with the provisions of the relevant tax laws and based on the expected
outcome of assessments / appeals. Current income tax assets and liabilities are measured at the amount
expected to be recovered from or paid to the taxation authorities. The tax rates and tax laws used to
compute the amount are those that are enacted or substantively enacted, at the reporting date.
Management periodically evaluates positions taken in the tax returns with respect to situations for which
applicable tax regulations are subject to interpretation and revises the provisions where appropriate.

Deferred tax is recognized on temporary differences between the carrying amounts of assets and
liabilities in the financial statements and the corresponding tax bases used in the computation of taxable
profit. Deferred tax liabilities are generally recognized for all taxable temporary differences. Deferred tax
assets are generally recognized for all deductible temporary differences to the extent that it is probable
that taxable profits will be available against which those deductible temporary differences can be
utilized.

Earnings Per Share(EPS)

Earnings per share (EPS) is calculated by dividing the net profit or loss for the period attributable to Equity
Shareholders by the weighted average number of Equity shares outstanding during the period. Earnings
considered in ascertaining the EPS is the net profit for the period and any attributable tax thereto for the
period.

Diluted earnings per share is computed by adjusting the profit or loss attributable to the ordinary equity
shareholders and the weighted average number of equity shares, for the effects of all diluted potential
equity shares.

Changes in Accounting Estimates and Errors

The financial statements have been prepared in accordance with Ind AS 8. The Company selects and
applies accounting policies consistently for similar transactions to ensure comparability. Changes in
accounting policies are applied retrospectively unless specified otherwise. Changes in estimates are
recognized prospectively. Prior period errors, if any, are corrected retrospectively in the financial
statements.

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Mar 31, 2024

“1” SIGNIFICANT ACCOUNTING POLICES:

This note provides a list of the significant accounting policies adopted in the preparation of
these financial statements. These policies have been consistently applied to all the years
presented, unless otherwise stated.

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements of the Company have been prepared in accordance with Indian
Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards)
Rules, 2015 as amended by the Companies ( Indian Accounting Standards) (Amendment)
Rules, 2016.

The financial statements have been prepared on the historical cost basis, except for certain
financial instruments (including derivative instruments) which are measured at fair values at
the end of each reporting period, as explained in the accounting policies below.

The financial statements are presented in Indian rupees (INR) and all values are rounded to the
nearest lacs, except otherwise indicated.

All the assets and liabilities have been classified as current or non-current as per the
Company''s normal operating cycle. Based on the nature of the products and the time between
the acquisition of assets for processing and their realization in cash and cash equivalents, the
Company has ascertained its operating cycle as 12 months for the purpose of current / non¬
current classification of assets and liabilities

CURRENT VERSUS NON-CURRENT CLASSIFICATION

The Company presents assets and liabilities in the balance sheet based on current/ non¬
current classification. An asset is treated as current when it is:

- Expected to be realised or intended to be sold or consumed in normal operating cycle

- Held primarily for the purpose of sale/lease

- Expected to be realised within twelve months after the reporting period, or

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

All other assets are classified as non-current.

A liability is current when:

- It is expected to be settled in normal operating cycle

- It is held primarily for the purpose of sale/lease

- It is due to be settled within twelve months after the reporting period, or

- 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

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

USE OF ESTIMATES

The preparation of the financial statements in conformity with Ind AS requires the
management to make estimates, judgments andassumptions. These estimates, judgments and
assumptions affect the application of accounting policies and the reported amounts ofassets
and liabilities, the disclosures of contingent assets and liabilities at the date of the financial
statements and reported amountsof revenues and expenses during the period. The application
of accounting policies that require critical accounting estimates involvingcomplex and
subjective judgments and the use of assumptions in these financial statements have been
disclosed below. Actualresults could differ from those estimates. Appropriate changes in
estimates are made as management becomes aware of changes incircumstances surrounding
the estimates. Changes in estimates are reflected in the financial statements in the period in
which changesare made and, if material, their effects are disclosed in the notes to the financial
statements.

REVENUE RECOGNITION

Revenue is recognized when control of the goods or services are transferred to the customer at
an amount that reflects theconsideration to which the Company expects to be entitled in
exchange for those goods or services, regardless of whenthe payment is being made. Revenue is
measured at the fair value of the consideration received or receivable, taking intoaccount
contractually defined terms of payment. The Company is the principal in all of its revenue
arrangements since itis the primary obligor in all the revenue arrangements as it has pricing
latitude and is also exposed to inventory and credit risks. However, Goods and Services tax
(GST) are not received by the Company on its own account. Rather, it is tax collectedon value
added to the commodity by the seller on behalf of the government. Accordingly, it is excluded
from revenue.

Sale of Goods:

Revenue from sales is recognized when the substantial risks and rewards of ownership of goods
are transferred to the buyer and the collection of the resulting receivables is reasonably
expected. This usually occurs upon dispatch, after the price has been determined and
collection of the receivable is reasonably certain. Revenue from the sale of goods is measured at
the fair value of theconsideration received or receivable, net of returns and allowances, trade
discounts and volume rebates.

Sale of Services:

The Company recognizes revenue when the significant terms of the arrangement are
enforceable, services have been delivered and the collectability is reasonably assured.

Other income:

Interest

For all debt instruments measured either at amortized cost or at fair value through other
comprehensive income, interest income is recorded using the effective interest rate (EIR). EIR is
the rate that exactly discounts the estimated future cash payments or receipts over the
expected life of the financial instrument or a shorter period, where appropriate, to the gross
carrying amount of the financial asset or to the amortized cost of a financial liability. When
calculating the effective interest rate, the company estimates the expected cash flows by
considering all the contractual terms of the financial instrument (for example, prepayment,
extension, call and similar options) but does not consider the expected credit losses. Interest
income is included in finance income in the statement of profit and loss.

PROPERTY, PLANT & EQUIPMENT

Freehold land is carried at historical cost. All other items of property, plant and equipment are
stated at historical cost less depreciation and impairment, if any. Historical cost includes
expenditure that is directly attributable to the acquisition of the items. The cost of property,
plant and equipment comprises its purchase price net of any trade discounts and rebates,
anyimport duties and other taxes (other than those subsequently recoverable from the tax
authorities), any directlyattributable expenditure on making the asset ready for its intended
use, including relevant borrowing costs for qualifyingassets and any expected costs of
decommissioning. Expenditure incurred after the property, plant and equipment havebeen put
into operation, such as repairs and maintenance, are charged to the Statement of Profit and
Loss in the period inwhich the costs are incurred. Major shut-down and overhaul expenditure
is capitalized as the activities undertakenimproves the economic benefits expected to arise from
the asset.

An item of property, plant and equipment is derecognized upon disposal or when no future
economic benefits areexpected to arise from the continued use of the asset. Any gain or loss
arising on the disposal or retirement of an item ofproperty, plant and equipment is determined
as the difference between the sales proceeds and the carrying amount ofthe asset and is
recognized in Statement of Profit and Loss.

Advances paid towards the acquisition of Property, Plant & Equipment outstanding at each
reporting date is classified as Capital advances under Other Non -Current Assets and assets
which are not ready for intended use as on the date of Balance sheet are disclosed as “Capital
Work in Progress.”

DEPRECIATION/ AMORTISATION

Depreciation on Property, Plant & Equipment is charged on Straight Line Method.
Depreciations are charged over the estimated useful lives of the assets as specified in Schedule
II of the Companies Act, 2013. Depreciation in respect of additions to/and deletion from assets
has been charged on pro-rata basis from/till the date they are put to commercial use.

The residual values, useful lives and methods of depreciation of property, plant and equipment
are reviewed at regular intervals and adjusted prospectively, if appropriate.

Depreciation on additions/deletions to Property plant and equipment during the year is
provided for on a pro-rata basis with reference to the date of additions/deletions.

Depreciation on subsequent expenditure on Property plant and equipment arising on
account of capital improvement or other factors is provided for prospectively over the
remaining useful life. Depreciation on refurbished/revamped Property plant and equipment
which are capitalized separately is provide for over the reassessed useful life

IMPAIRMENT OF NON - FINANCIAL ASSESTS

The Company assesses, at each reporting date, whether there is an indication that an asset
may be impaired. If any indication exists, the Company estimates the asset’s recoverable
amount. An asset’s recoverable amount is the higher of an asset’s or cash-generating units
(CGU) fair value less costs of disposal and its value in use.

Recoverable amount is determined for an individual asset, unless the asset does not
generate cash inflows that are largely independent of those from other assets or group of
assets. Where the carrying amount of an asset or CGU exceeds its recoverable amount, the
asset is considered impaired and is written down to its recoverable amount.

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. In determining fair value less costs of
disposal recent market transactions are taken into account, if available. If no such
transactions can be identified, an appropriate valuation model is used. After impairment,
depreciation is provided on the revised carrying amount of the asset over its remaining
useful life.

BORROWING COST

Borrowing costs that are attributable to the acquisition or construction of qualifying assets
(assets which require substantial period of time to get ready for its intended use) are capitalized
as part of the cost of that asset. All other borrowing costs are charged to the Statement of Profit
and Loss for the period for which they are incurred.

INVENTORIES

Inventories are valued at the lower of cost and net realizable value. Cost incurred in
bringing each products to its present location and condition are accounted for as follows:-

• Finished goods and Work In Progress:

Cost includes cost of direct materials and labour and a proportion of manufacturing
overheads based on the normal operating capacity. Cost in determined on first in,
first out basis.

• Traded Goods:

Cost includes cost of purchase and other costs incurred in bringing the inventories to
their present location and condition. Cost is determined on first in, first out basis.

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

TAXATION

The income tax expense or credit for the period is the tax payable on the current period’s
taxable income based on the applicable income tax rate for each jurisdiction adjusted by
changes in deferred tax assets and liabilities attributable to temporary differences and to
unused tax losses.

The current income tax charge is calculated on the basis of the tax laws enacted or
substantively enacted at the end of the reporting period in the countries where the Company
operates and generates taxable income. Management periodically evaluates positions taken
in tax returns with respect to situations in which applicable tax regulation is subject to
interpretation. It establishes provisions where appropriate on the basis of amounts expected
to be paid to the tax authorities.

Deferred income tax is provided in full, using the liability method, on temporary differences
arising between the tax base of assets and liabilities and their carrying amounts in the
financial statements. Deferred income tax is also not accounted for if it arises from initial
recognition of an asset or liability in a transaction other than a business combination that
at the time of the transaction affects neither accounting profit nor taxable profit (tax loss).
Deferred income tax is determined using tax rates (and laws) that have been enacted or
substantially enacted by the end of the reporting period and are expected to apply when the
related deferred income tax asset is realized or the deferred income tax liability is settled.

Deferred tax assets are recognized for all deductible temporary differences and unused tax
losses only if it is probable that future taxable amounts will be available to utilize those
temporary differences and losses.

Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset
current tax assets and liabilities and when the deferred tax balances relate to the same
taxation authority. Current tax assets and tax liabilities are offset where the entity has a
legally enforceable right to offset and intends either to settle on a net basis or to realize the
asset and settle the liability simultaneously.

Current and deferred tax is recognized in Profit or Loss, except to the extent that it relates to
items recognized in other comprehensive income or directly in equity. In this case, the tax is
also recognized in other comprehensive income or directly in equity, respectively.

CASH AND CASH EQUIVALENTS

Cash and cash equivalents for the purpose of Cash Flow Statement comprise Cash and
Cheques in hand, bank balances, demand deposits with banks (other than deposits pledged
with government authorities and margin money deposits) with anoriginal maturity of three
months or less.

CASH FLOW STATEMENT

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

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Mar 31, 2018

Notes Forming Part of Financial Statements for the year ended 31st March, 2018

NOTE; 1 SIGNIFICANT ACCOUNTING POLICIES;

A. Basis of Preparation of Financial Statements:

a) The financial statements are prepared under historical cost convention in accordance with the generally accepted accounting principles and the provisions of the Companies Act 2013 as adopted consistently by the Company.

b) Accounting policies not specifically referred to otherwise are consistent with generally accepted accounting principles followed by the Company.

B. Revenue Recognition:

Revenue is recognized only when it can be reliably measured and it is reasonable to expect ultimate collection. Revenue from Operations include sale of goods. Interest income is recognized on time proportion basis taking into account the amount outstanding and the rate applicable.

C. Use of Estimates:

The preparation of financial statements requires estimates and assumptions to be made that affect the reported amount of assets and liabilities on the date of financial statements and the reported amount of revenues and expenses during the reporting period. Difference between the actual result and estimates are recognized in the period in which the results are known / materialized.

D. Fixed Assets:

Fixed assets are stated at the cost net of recoverable taxes and include amounts added on revaluation, less accumulated depreciation and impairment loss, if any. All costs, including financial cost till commencement of commercial production, net charges on foreign exchange contracts and adjustments arising from exchange rates variations attributable to the fixed asset are capitalized.

E. Depreciation:

Depreciation on tangible assets is provided on the straight line method as per Schedule II of the Companies Act, 2013 over the useful lives of assets estimated by the Management.

F. Borrowing Cost:

Borrowing costs that are attributable to the acquisition or construction of qualifying assets are capitalized as a part of cost of such assets. A qualifying asset is a one that necessarily takes substantial period of time to get ready for its intended use. All other borrowing costs are charged to the Statement of Profit and Loss.

G. Inventories:

Items of inventories are measured at lower of cost and net realizable value after providing for obsolescence, if any. Cost of inventories comprises of cost of purchase, cost of conversion and other cost including overheads incurred in bringing them to their respective present location and condition.

H. Investment:

Current investments are carried at lower of cost & net realizable value. Long term (noncurrent) investments are stated at cost. Provision for diminution in the value of long term investments is made only if such a decline is other than temporary.

I. Income Tax Accounting:

a) Current Tax provision is the amount of tax payable on the taxable income for the year as determined in accordance with the provisions of Income Tax Act, 1961.

b) Deferred Tax is recognised, on timing difference, being the difference between taxable income and book profit that originate in one period and are capable of reversal in one or more subsequent periods.

J. Extraordinary Items:

The extraordinary items are incomes or expenses that arise from events or transactions that are clearly distinct from the ordinary activities of the enterprise and therefore, are not expected to recur frequently or regularly. The nature and amount of each extraordinary item are identified and disclosed in the Statement of Profit and Loss in a manner that its impact on current profit or loss can be perceived.

K. Provision and Contingent Liabilities:

A provision is recognized when the company has a present obligation as a result of a past event and it is probable that an outflow of resources would be required to settle the obligation and in respect of which a reliable estimate can be made. A disclosure of the contingent liability, if determinable, is made when there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources. But where is a possible obligation but the likelihood of outflow of resources is remote, no provision / disclosure is made.

L. Impairment of Assets:

An asset is treated as impaired when the carrying cost of asset exceeds its recoverable value. An impairment loss is charged to the Statement of Profit & Loss in the year in which an asset is identified as impaired. The impairment loss recognized in prior accounting period is reversed if there has been a change in the estimate of recoverable amount.

M. Provisions:

Provisions are recognised when the Company has a present obligation as a result of past events, for which it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate of the amount can be made.

N. Cash and Cash Equivalents:

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

O. Employee Benefits: Provident Fund:-

The management is of the opinion that Provident Fund is not applicable to the Company as number of employees is less than that as required by law.

Gratuity:-

The provision of gratuity is not made by the Company. However, if payment on account of gratuity arises due to happening of any incidents as provided under the applicable provisions of law, the same will be accounted for on cash basis.

Pension:

The management is also of the opinion that the payment under Pension Act is not applicable to the Company.

P. Earning Per Share:

In determining the Earnings Per share, the company considers the net profit after tax includes any post tax effect of any extraordinary / exceptional item. The number of shares used in computing basic earnings per share is the weighted average number of shares outstanding during the period.

The number of shares used in computing Diluted earnings per share comprises the weighted average number of shares considered for computing Basic Earnings per share and also the weighted number of equity shares that would have been issued on conversion of all potentially dilative shares.

In the event of issue of bonus shares, or share split the number of equity shares outstanding is increased without an increase in the resources. The number of Equity shares outstanding before the event is adjusted for the proportionate change in the number of equity shares outstanding as if the event had occurred at the beginning of the earliest period reported.

Q. Change in Accounting Policies in the year covered in Restated Financials:

There is no change in significant accounting policies during the reporting period. Further Accounting Policies has been changed as and when Accounting Standards issued by the Institute of Chartered Accountants of India / Companies (Accounting Standard) Rules, 2006 were made applicable on the relevant dates.

R. Segment Reporting:

The Company operates only in one reportable business segment namely trading in Textile and kids garments. Hence, there are no reportable segment under AS - 17. The conditions prevailing in India being uniform no separate geographical disclosures are considered necessary.