Jaihind Synthetics Ltd. कंपली की लेखा नीति

Mar 31, 2025

1 Corporate information

Jaihind Synthetics Ltd("the Company") CIN-L17120MH1986PLC040093 is engaged in the business of Finishing of textile excluding khadi/handloom (This class
includes finishing of textiles of Class 1711 by operations such as bleaching, dyeing, calendering, napping, shrinking or printing. No distinction is to be made between
these activities carried out on a fee or contract basis or by purchasing the material and selling the finished products).

The Company is a limited company. The registered office of the Company is located at 103, Shreenathsaidarshandatapada Road, Borivali (W), Mumbai,
Maharashtra, 400066.

These financial statements of the Company for the year ended 31 March 2025 were approved by the Board of Directors on May 30, 2025.

2 Summary of material accounting policies

2.1 Statement of compliance

The company has prepared its financials statements to comply in all the material respects with the provisions of the Companies Act 2013 ("the Act'''') and rules
framed thereunder. In accordance with the notification issued by the Ministry of Corporate Affairs, the company has adopted Indian Accounting Standards (Ind-AS)
notified under the Companies (Indian Accounting Standards) Rules, 2015 under section 133 of the Act.

2.2 Basis of preparation and presentation of financial statements

These financial statements have been prepared under the historical cost convention with the exception of certain financial assets and liabilities which have been
measured at fair values at the end of each reporting period, on an accrual basis of accounting. Historical cost is generally based on the fair value of the
consideration given in exchange for goods and services.

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, regardless of whether that price is directly observable or estimated using another valuation technique.

In addition, for financial reporting purposes, fair value measurement are categorised into Level 1,2, or 3 based on the degree to which the inputs to the fair value
measurements are observable and the significance of the inputs to the fair value measurement in its entirely, which are described as follows:

• Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date;

• Level 2 inputs are inputs, other than quoted prices included with in Level 1, that are observable for the asset or liability, either directly or indirectly; and

• Level 3 inputs are unobservable inputs for the asset or liability

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 trading;

- 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 trading;

- 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.

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

These financial statements are presented in Indian rupees (?) , which is the functional currency of the Company. All financial information is presented in Indian
rupees.

2.3 Estimates, assumptions and judgements

The preparation of the financial statements in conformity with Ind AS requires the management to make estimates, judgments and assumptions that affect the
reported balances of assets and liabilities (including contingent liabilities) as at the date of the financial statements and the reported income and expenses for the
years presented. Application of accounting policies that require critical accounting estimates involving complex and subjective judgments and the use of
assumptions in these financial statements have been disclosed below. Accounting estimates could change from period to period. Actual results could differ from
those estimates. Appropriate changes in estimates are made as management becomes aware of changes in circumstances surrounding the estimates. Changes in
estimates are reflected in the financial statements in the period in which changes are made and, if material, their effects are disclosed in the notes to the financial
statements.

Estimates and assumptions are required in particular for:

Useful life and residual value of property, plant and equipment (PPE) and intangible assets

The charge in respect of periodic depreciation/amortisation is derived after determining an estimate of an asset''s expected useful life and the expected residual
value at the end of its life. The useful lives and residual values of the Company''s assets are determined by the management at the time the asset is acquired and
reviewed periodically, including at each financial year end. The lives are based on historical experience with similar assets as well as anticipation of future events,
which may impact their life, such as changes in technology.

Provisions

Provision is recognized when the Company has a present obligation as a result of past event and it is probable that an outflow of resources will be required to settle
the obligation, in respect of which a reliable estimate can be made. Provisions are not discounted to its present value and are determined based on best estimate
required to settle the obligation as at the Balance Sheet date. These are reviewed at each balance sheet date adjusted to reflect the current best estimates.

2.4 Property, Plant and Equipment (PPE):

Property, Plant and equipment is stated at cost, net of accumulated depreciation and accumulated impairment losses, if any. Such cost includes purchase price,
taxes and duties, labour cost and direct overheads for self-constructed assets and other direct costs incurred up to the date the asset is ready for its intended use.
Any subsequent expenditure in respect of an item of property, plant and equipment are added to value of property, plant and equipment only if they increase the
future benefits from the existing assets beyond its previously assessed standard of performance.

All other repair and maintenance costs are recognised in profit or loss as incurred. The present value of the expected cost for the decommissioning of an asset after
its use is included in the cost of the respective asset if the recognition criteria for a provision are met.

Capital work-in-progress represents expenditure incurred in respect of assets under development and are carried at cost. Cost includes related acquisition
expenses, construction cost, borrowing cost capitalised and other direct expenditure.

Depreciation:

Depreciation is provided on Straight Line Method (SLM). Depreciation is provided based on useful life of the assets as prescribed in Schedule II to the Companies
Act, 2013.

The residual values, useful lives and methods of depreciation of property, plant and equipment are reviewed at each financial year end and adjusted prospectively,
if appropriate.

2.5 Intangible assets:

Intangible assets are stated at cost of acquisition net of recoverable taxes less accumulated amortisation and impairment loss, if any. The cost comprises purchase
price, borrowing costs, and any cost directly attributable to bringing the asset to its working condition for the intended use arising from exchange rate variations
attributable to the intangible assets. The Company amortises intangible assets with a finite useful life using the straight line method.

Gains or losses arising from derecognition of an intangible asset are measured as the difference between the net disposal proceeds and the carrying amount of the
asset and are recognised in the statement of profit or loss when the asset is derecognised.

Intangibles under development represent expenditure incurred in respect of intangible assets under development and are carried at cost.

2.6 Impairment of non-financial assets

The carrying amounts of assets are 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 in the statement of profit and loss. An impairment loss is reversed in
the statement of profit and loss if there has been a change in the estimates used to determine the recoverable amount. The carrying amount of the asset is
increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any
accumulated amortization or depreciation) has no impairment loss been recognised for the asset in the prior years. An asset''s recoverable amount is the higher of
an asset''s or cash generating unit''s (CGU) net selling price and its value in use.

The 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 groups of assets. Value in use is the present value of an asset calculated by estimating its net future value including the disposal value. In determining net
selling price, 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.

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Mar 31, 2015

(i) Method of Accounting

The books of accounts are maintained on accrual basis.

(ii) Fixed Assets :

The gross block of fixed assets are shown at cost which includes all capital expenses which have been incurred to bring the asset to their present location.

(iii) Depreciation :

The company has provided depreciation on Straight Line Method at the rates specified in Schedule XIV of the Companies Act, 1956.

(iv) Investments :

Investments are stated at cost. Long Term investments are carried at cost and provision for diminution in value is made only if such decline is other than temporary in the opinion of Management

(v) Sales / Turnover :

Sales / Turnover for the year includes sales value of goods, but excludes the sales return and trade discounts.

(vi) Taxation :

Provision for current tax is made in accordance with the provisions of the Income Tax Act, 1961.

Deferred tax Assets/Liabilities have not been recognized as their future recovery is uncertain or not currently anticipated

(vii) Other Accounting Policies :

These arc consistent with the generally accepted accounting practices.

(viii) Treatment of Contingent Liability :

Contingent liabilities are disclosed by way of Notes to the Accounts.

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Mar 31, 2014

(i) Method of Accounting

The books of accounts are maintained on accrual basis

(ii) Fixed Assets :

The gross block of fixed assets are shown at cost which includes all capital expenses which have been, incurred to bring the asset to their present location.

(iii) Depreciation :

The company has provided depreciation on Straight Line Method at the rates specified in Schedule XIV of the Companies Act, 1956

(iv) Investments :

Investments are stated at cost. Long Term investments are carried, at cost and provision for diminution in value is made only if such decline is other than temporary in the opinion of Management.

(v) Sales/Turnover:

Sales / Turnover for the year includes sales value of goods, but excludes the sales return and trade discounts.

(vi) Taxation :

Provision for current tax is made in accordance with the provisions of the Income Tax Act, 1961.

Deferred tax Assets/liabilities have not been recognized as their future recovery is uncertain or not currently anticipated

(vii) Other Accounting Policies :

These arc consistent with the generally accepted accounting practices,

(viii) Treatment of Contingent Liability :

Contingent liabilities are disclosed by way of Notes to the Accounts

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Mar 31, 2013

(i) Method of Accounting

The books of accounts are maintained on accrual basis.

(ii) Fixed Assets :

The gross block of fixed assets are shown at cost which includes all capital expenses which have been incurred to bring the asset to their present location.

(iii) Depreciation :

The company has provided depreciation on Straight Line Method at the rates specified in Schedule XIV of the Companies Act. 1956.

(iv) Investments :

Investments are stated at cost. Long Term investments are carried at cost and provision for diminution in value is made only if such decline is other than temporary in the opinion of Management.

(v) Sales / Turnover :

Sales / Turnover for the year includes sales value of goods, but excludes the sales return and trade discounts.

(vi) Taxation : ....

Provision for current tax is made in accordance with the provisions of the Income tax Act. 1961. Deferred tax on account of timing difference between taxable and accounting income is provided using the tax rate and tax laws enacted or substantially enacted by the Balance sheet date.

(vii) Other Accounting Policies :

These are consistent with the generally accepted accounting practices.

(viii) Treatment of Contingent Liability :

Contingent liabilities are disclosed by way of Notes to the Accounts.

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Mar 31, 2012

(i) Method of Accounting

The books of accounts are maintained on accrual basis,

(ii) Fixed Assets :

The gross block of fixed assets are shown at cost which includes all capital expenses which have been incurred to bring the asset to their present location.

Depreciation :

The company has provided depreciation on Straight Line Method at the rates specified in Schedule XIV of the Companies Act, 1956.

(iv) Investments :

Investments are stated at cost. Long Term investments are carried at cost and provision for diminution in value is made only if such decline is other than temporary in the opinion of Management.

(v) Sales / Turnover :

Sales /Turnover for the year includes sales value of goods, but excludes the sales return and trade discounts.

(vi) Taxation :

Provision for current tax is made in accordance with the provisions of the Income tax Act, 1961.

Deferred tax Assets/Liabilities have not been recognized as their future recoverv is uncertain or not currently anticipated

(vii) Other Accounting Policies :

These are consistent with the generally accepted accounting practices.

(viii) Treatment of Contingent Liability :

Contingent liabilities are disclosed by way of Notes to the Accounts.

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Mar 31, 2011

(i) Method of Accounting

The books of accounts are maintained on accrual basis.

(ii) Fixed Assets :

The gross block of fixed assets are shown at cost which includes all capital expenses which have been incurred to bring the asset to their present location.

(iii) Depreciation :

The company has provided depreciation on Straight Line Method at the rates specified in Schedule XIV of the Companies Act, 1956.

(iv) Investments :

Investments are stated at cost. Long Term investments are carried at cost and provision for diminution in value is made only if such decline is other than temporary in the opinion of Management.

(v) Sales / Turnover :

Sales/Turnover for the year includes sales value of goods, but excludes the sales return and trade discounts.

(vi) Preliminary Expenses :

Preliminary Expenditure are amortized over a period often years.

(vii) Taxation :

Provision for current tax is made in accordance with the provisions of the Income Tax Act 1961 Deferred tax on account of timing difference between taxable and accounting income is provided using the tax rate and tax laws enacted or substantially enacted by the Balance sheet date.

(viii) Other Accounting Policies :

These are consistent with the generally accepted accounting practices.

(ix) Treatment of Contingent Liability :

Contingent liabilities are disclosed by way of Notes to the Accounts.

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Mar 31, 2010

(i) Method of Accounting

The books of accounts are maintained on accrual basis.

(ii) Fixed Assets :

The gross blocks of fixed assets are shown at cost which in clues all capital expenses which have been incurred to bring the asset to their present location.

(iii) Depreciation :

The Company has provided depreciation on staring line Method at the rates specified in provision for Schedule xiv of the Companies Act, 1956.

(iv) Investments:

The company has stated at cost long term investments are carried at carried at cost provision for diminution in value is made only if such decline is other than temporary in of Management.

(v) Sales/ Turnover:

Salves/turnover for the year includes Sales Value of good's, but excludes the return and trade discounts.

(vi) Preliminary Expenses :

Preliminary Expenditure are amortized over a period often years.

(vii) Taxation :

Provision for current tax is made in accordance with the provisions of the Income Tax Act 1961. deferred tax rate on account of timing different between taxed and accounting income is provided asking the tax law rate and tax laws enacted or substantially date.

(viii) Other Accounting Policies :

These are consistent with the generally accepted accounting practices.

(ix) Treatment of Contingent Liability :

Contingent liabilities are disclosed by way of Notes to the Accounts.