Peoples Investments Ltd. कंपली की लेखा नीति

Mar 31, 2025

II. Significant Accounting Policies

A. Basis of preparation

(i) Compliance with Ind AS

These financial statements have been prepared in accordance with the Indian Accounting
Standards (hereinafter referred to as the ''Ind AS'') as notified by Ministry of Corporate Affairs
pursuant to Section 133 of the Companies Act, 2013 (''Act'') read with of the Companies (Indian
Accounting Standards) Rules, 2015 as amended and other relevant provisions of the Act.

These financial statements for the year ended 31^st March, 2025, prepared under Ind AS.

B. 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.

C. The Company follows the Mercantile System of accounting.

D. Investments and other financial assets
(i) Classification

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, through the Statement of Profit and Loss), and

(ii) those measured at amortised cost.

The classification depends on the company''s business model for managing the financial assets
and the contractual terms of the cash flows. For assets measured at fair value, gains and losses
will either be recorded in the Statement of Profit and Loss or other comprehensive income. For
investments in debt instruments, this will depend on the business model in which the
investment is held. For investments in equity instruments, this will depend on whether the
company has made an irrevocable election at the time of initial recognition to account for the
equity investment at fair value through other comprehensive income.

(ii) Measurement

At initial recognition, the company measures a financial asset at its fair value. Transaction costs
of financial assets carried at fair value through the Statement of Profit and Loss are expensed in
the Statement of Profit and Loss.

Debt instruments:

Subsequent measurement of debt instruments depends on the company''s business model for
managing the asset and the cash flow characteristics of the asset. The Company classifies its
debt instruments into following categories:

a. Amortised cost:

Assets that are held for collection of contractual cash flows where those cash flows
represent solely payments of principle and interest are measured at amortised cost.
Interest income from these financial assets is included in other income using the effective
interest rate method.

b. Fair value through profit and loss:

Assets that do not meet the criteria for amortised cost are measured at fair value through
Statement of Profit and Loss. Interest income from these financial assets is included in other
income.

Equity instruments:

The company subsequently measures all equity investments at fair value. Where the Company''s
management has elected to present fair value gains and losses on equity investments in other
comprehensive income, there is no subsequent reclassification of fair value gains and losses
to the Statement of Profit and Loss. Dividends from such investments are recognised in the
Statement of Profit and Loss as other income when the Company''s right to receive payments is
established.

(iii) Impairment of financial assets

The company assesses on a forward looking basis the expected credit losses associated with its
assets. The impairment methodology applied depends on whether there has been a significant
increase in credit risk.

(iv) Income recognition

Income of the company consists of professional fees, dividend and other income. All income is
accounted on accrual basis, except for dividend which is accounted in the year of actual receipt.

E. Employee benefits

Employee benefits payable wholly within 12 months of rendering the services are classified as
short term employee benefits and are recognized in the period in which the employee render
the related service.

No provision has been made towards leave encashment and gratuity as not payable.

F. Income Tax

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 adjusted by changes in deferred tax
assets and liabilities attributable to temporary differences and to unused tax losses.

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

Minimum Alternate Tax credit is recognised as deferred tax asset only when and to the extent
there is convincing evidence that the company will pay normal income tax during the specified
period. Such asset is reviewed at each Balance Sheet date and the carrying amount of the MAT
credit asset is written down to the extent there is no longer a convincing evidence to the effect
that the company will pay normal income tax during the specified period.

G. Earnings Per Share

Basic earnings per share

Basic earnings per share is calculated by dividing :

- the profit attributable to owners of the company

- by the weighted average number of equity shares outstanding during the financial year.

H. Cash and Cash Equivalents

For the purpose of presentation in the statement of cash flows, cash and cash equivalents
includes cash on hand, bank overdraft deposits held at call with financial institutions, other
short-term highly liquid investments with original maturities of three months or less that are
readily convertible to known amounts of cash and which are subject to an insignificant risk of
changes in value.

I. Segment Reporting:

As per the Ind As 108 Company''s business activity falls within a single segment viz. consultancy
services.

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Mar 31, 2024

A. Basis of preparation

(i) Compliance with Ind AS

These financial statements have been prepared in accordance with the Indian Accounting Standards (hereinafter referred to as the ''Ind AS'')
as notified by Ministry of Corporate Affairs pursuant to Section 133 of the Companies Act, 2013 (''Act'') read with of the Companies (Indian
Accounting Standards) Rules, 2015 as amended and other relevant provisions of the Act.

These financial statements for the year ended 31^st March, 2024, prepared under Ind AS.

B. 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.

C. The Company follows the Mercantile System of accounting.

D. Investments and other financial assets
(i) Classification

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, through the Statement of Profit and Loss),
and

(ii) those measured at amortised cost.

The classification depends on the company''s business model for managing the financial assets and the contractual terms of the cash flows. For
assets measured at fair value, gains and losses will either be recorded in the Statement of Profit and Loss or other comprehensive income. For
investments in debt instruments, this will depend on the business model in which the investment is held. For investments in equity
instruments, this will depend on whether the company has made an irrevocable election at the time of initial recognition to account for the
equity investment at fair value through other comprehensive income.

(ii) Measurement

At initial recognition, the company measures a financial asset at its fair value. Transaction costs of financial assets carried at fair value through
the Statement of Profit and Loss are expensed in the Statement of Profit and Loss.

Debt instruments:

Subsequent measurement of debt instruments depends on the company''s business model for managing the asset and the cash flow
characteristics of the asset. The Company classifies its debt instruments into following categories:

a. Amortised cost:

Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principle and interest
are measured at amortised cost. Interest income from these financial assets is included in other income using the effective interest rate
method.

b. Fair value through profit and loss:

Assets that do not meet the criteria for amortised cost are measured at fair value through Statement of Profit and Loss. Interest
income from these financial assets is included in other income.

Equity instruments:

The company subsequently measures all equity investments at fair value. Where the Company''s management has elected to present fair
value gains and losses on equity investments in other comprehensive income, there is no subsequent reclassification of fair value gains and
losses to the Statement of Profit and Loss. Dividends from such investments are recognised in the Statement of Profit and Loss as other
income when the Company''s right to receive payments is established.

(iii) Impairment of financial assets

The company assesses on a forward looking basis the expected credit losses associated with its assets. The impairment methodology
applied depends on whether there has been a significant increase in credit risk.

(iv) Income recognition

Income of the company consists of professional fees, dividend and other income. All income is accounted on accrual basis, except for
dividend which is accounted in the year of actual receipt.

E. Employee benefits

Employee benefits payable wholly within 12 months of rendering the services are classified as short term employee benefits and are
recognized in the period in which the employee render the related service.

No provision has been made towards leave encashment and gratuity as not payable.

F. Income Tax

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 adjusted by changes in deferred tax assets and liabilities attributable to temporary differences and to unused tax losses.

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

Minimum Alternate Tax credit is recognised as deferred tax asset only when and to the extent there is convincing evidence that the
company will pay normal income tax during the specified period. Such asset is reviewed at each Balance Sheet date and the carrying
amount of the MAT credit asset is written down to the extent there is no longer a convincing evidence to the effect that the company
will pay normal income tax during the specified period.

G. Earnings Per Share

Basic earnings per share

Basic earnings per share is calculated by dividing :

- the profit attributable to owners of the company

- by the weighted average number of equity shares outstanding during the financial year.

H. Cash and Cash Equivalents

For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes cash on hand, bank overdraft deposits
held at call with financial institutions, other short-term highly liquid investments with original maturities of three months or less that are
readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

I. Segment Reporting:

As per the Accounting Standard 17 Company''s business activity falls within a single segment viz. consultancy services.

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Mar 31, 2015

A) System of Accounting

i) The Company follows mercantile system, of accounting and recognises income and expenditure on accrual basis except as stated in (C).

ii) The Financial Statements me based on historical costs. These costs are not adjusted to reflect the impact of the changing value In the purchasing power oF money.

B) Investments

Investments are classfied into current and long term Investments. Current investments stated at lower of cost and fair value Long term investment are cannot at cost. less provision for diminution in value, if any

C) Income

Income of the company consists of professional fees. dividend and other income, All income are accounted on accrual basis, except for divi end Is accounted in the year of actual receipt,

D) Expenses

All expenses are accounted for on accrual basis.

E) Retirement Benefits

The company has no employes Therefore no amount is provided for retirement benefit like gratuity. superannuation and provident fund.

E) Taxation

Income-tax expense comprises current tax and deferred tax charge or credit. The prowison of current year tax is made on the basis of the estimated computation oF income for the current accounting in accordance with the income-tax Act, 1961. The deferred tax assets arising mainly on account of brought forward losses are recognised, only if there is a Virtual certainly of its realisation, supported by convincing evidence.

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Mar 31, 2014

A) System of Accounting

i) The Company follows mercantile system of accounting and recognises income and expenditure on accrual basis, except as slated in (C).

ii) The Financial Statements are based on historical costs. These costs are not adjusted to reflect the impact of the changing value in the purchasing power of money.

B) Investments

Investments are classified into current and long term Investments. Current investments are stated at lower of cost and fair value. Long term investments are carried at cost, less provision for diminution in value, if any.

C) Income

Income of the company consists of dividend and interest on deposits and other income. All income are accounted on accrual basis, except for dividend which is accounted in the year of actual receipt.

D) Expenses

All expenses are accounted for on accrual basis.

E) Retirement Benefits

The Company has no employees. Therefore no amount is provided for retirement benefit like gratuity, superannuation and provident fund.

F) Taxation

Income-tax expense comprises current tax and deferred lax charge or credit. The provision of current year tax is made on the basis of the estimated computation of income for the current accounting year, in accordance with the Income-tax Act, 1961. The deferred tax assets arising mainly on account of brought forward losses are recognised, only if there is a virtual certainty of its realisation, supported by convincing evidence.

Deferred tax assets on account of other tuning differences are recognised only to the extent there is a reasonable certainty of its realisation. At each Balance sheet date, the carrying amount of deferred tax assets is reviewed to reassure realisation.

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Mar 31, 2013

A) System of Accounting

i) The Company follows mercantile system of accounting and recognises income and expenditure on accrual basis, except as stated in (C).

ii) The Financial Statements are based on historical costs. These costs are not adjusted to reflect the impact of the changing value in the purchasing power of money.

B) Investments

Investments are classified into current and long term Investments. Current investments are stated at lower of cost and fair value. Long term investments are carried at cost, less provision for diminution in value, if any.

C) Income

Income of the company consists of dividend and interest on deposits and other income. All income are accounted on accrual basis, except for dividend which is accounted in the year of actual receipt.

D) Expenses

All expenses are accounted for on accrual basis.

E) Retirement Benefits

The Company has no employees. Therefore no amount is provided for retirement benefit like gratuity, superannuation and provident fund.

F) Taxation

Income-tax expense comprises current tax and deferred tax charge or credit. The provision of current year tax is made on the basis of the estimated computation of income for the current accounting year, in accordance with the Income-tax Act, 1961. The deferred tax assets arising mainly on account of brought forward losses are recognised, only if there is a virtual certainty of its realisation, supported by convincing evidence.

Deferred tax assets on account of other timing differences are recognised only to the extent there is a reasonable certainty of its realisation. At each Balance sheet date, the carrying amount of deferred tax assets is reviewed to reassure realisation.

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Mar 31, 2012

A) System of Accounting

i) The Company follows mercantile system of accounting and recognizes income and expenditure on accrual basis, except as stated in (C).

ii) The Financial Statements are based on historical costs. These costs are not adjusted to reflect the impact of the changing value in the purchasing power of money.

B) Investments

Investments are classified into current and long term Investments. Current investments are stated at lower of cost and fair value. Long term investments are carried at cost, less provision for diminution in value, if any.

C) Income

Income of the company consists of dividend and interest on deposits and other .income. All income are accounted on accrual basis, except for dividend which is accounted in the year of actual receipt.

D) Expenses

All expenses are accounted for on accrual basis.

E) Retirement Benefits

The Company has no employees. Therefore no amount is provided for retirement benefit like gratuity, superannuation and provident fund.

F) Taxation

Income-tax expense comprises current tax and deferred tax charge or credit. The provision of current year tax is made on the basis of the estimated computation of income for the current accounting year, in accordance with the Income-tax Act, 1961. The deferred tax assets arising mainly on account of brought forward losses are recognized, only if there is a virtual certainty of its realization, supported by convincing evidence.

Deferred tax assets on account of other timing differences are recognized only to the extent there is a reasonable certainty of its realization. At each Balance sheet date, the carrying amount of deferred tax assets is reviewed to reassure realization.

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Mar 31, 2011

A) System of Accounting

i) The Company follows mercantile system of accounting and recognises income and expenditure on accrual basis, except as stated in (C).

ii) The Financial Statements are based on historical costs. These costs are not adjusted to reflect the impact of the changing value in the purchasing power of money.

B) Investments

Investments are classified into current and long term Investments. Current investments are stated at lower of cost and fair value. Long term investments are carried at cost, less provision for diminution in value, if any.

C) Income

Income of the company consists of dividend and interest on deposits and other income. All income are accounted on accrual basis, except for dividend which is accounted in the year of actual receipt.

D) Expenses

All expenses are accounted for on accrual basis.

E) Retirement Benefits

The Company has no employees. Therefore no amount is provided for retirement benefit like gratuity, superannuation and provident fund.

F) Taxation

Income-tax expense comprises current tax and deferred tax charge or credit. The provision of current year tax is made on the basis of the estimated computation of income for the current accounting year, in accordance with the Income-tax Act, 1961. The deferred tax assets arising mainly on account of brought forward losses are recognised, only if there is a virtual certainty of its realisation, supported by convincing evidence.

Deferred tax assets on account of other timing differences are recognised only to the extent there is a reasonable certainty of its realisation. At each Balance sheet date, the carrying amount of deferred tax assets is reviewed to reassure realisation.

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Mar 31, 2010

A) System of Accounting

i) The Company follows mercantile system of accounting and recognises income and expenditure on accrual basis, except as stated in (C).

ii) The Financial Statements are based on historical costs. These costs are not adjusted to reflect the impact of the changing value in the purchasing power of money.

B) Investments

Investments are classified into current and long term Investments. Current investments are stated at lower of cost and fair value. Long term investments are carried at cost, less provision for diminution in value, if any.

C) Income

Income of the company consists of dividend and interest on deposits and other income. All income are accounted on accrual basis, except for dividend which is accounted in the year of actual receipt.

D) Expenses

All expenses are accounted for on accrual basis.

E) Retirement Benefits

The Company has no employees. Therefore no amount is provided for retirement benefit like gratuity, superannuation and provident fund.

F) Taxation

Income-tax expense comprises current tax and deferred tax charge or credit. The provision of current year tax is made on the basis of the estimated computation of income for the current accounting year, in accordance with the Income-tax Act, 1961. The deferred tax assets arising mainly on account of brought forward losses are recognised, only if there is a virtual certainty of its realisation, supported by convincing evidence.

Deferred tax assets on account of other timing differences are recognised only to the extent there is a reasonable certainty of its realisation. At each Balance sheet date, the carrying amount of deferred tax assets is reviewed to reassure realisation.