Beezaasan Explotech Ltd. कंपली की लेखा नीति

Mar 31, 2025

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.