Shree Ganesh Bio-Tech (India) Ltd. कंपली की लेखा नीति

Mar 31, 2025

Note: 1 Significant Accounting Policies:

a) General:

i) Accounting policies not specifically referred to otherwise are in consistence with earlier
year and in consonance with generally accepted accounting principles.

ii) Expenses and income considered payable and receivable respectively are accounted for
on accrual basis.

b) Valuation of Inventories: Inventories are valued at cost on FIFO Basis.

c) Fixed assets and depreciation:

i) Fixed Assets are stated at cost of acquisition less accumulated depreciation and is
inclusive of freight taxes, and incidental expenses relating to such acquisition.

ii) No Depreciation is provided on Fixed Assets comprises of Office Guest House and
Computer being not used in business.

d) Investments: There is no Investment made by the company.

e) Foreign currency Transactions: There is no foreign currency transaction.

f) Retirement Benefits: Provident fund and employees state insurance scheme contribution
is not applicable to the company.

g) Taxes on Income:

Current Tax: Provision for Income-Tax is determined in accordance with the provisions of
Income-tax Act 1961.

Deferred Tax Provision: Deferred tax is recognized, on timing difference, being the
difference between the taxable incomes and accounting income that originate in one period
and are capable of reversal in one or more subsequent periods.

Note: 22 Balances of Sundry Debtors, Creditors, Loans and Advances are subject to
confirmation and reconciliation.

Note: 23 In the opinion of the Board of directors, the current assets, Loans & advances
are approximately of the value stated if realized in the ordinary course of
business. The provision of all known liabilities is adequate and not in excess of
the amount reasonably necessary.

Note: 24 No Remuneration paid to the directors during the year.

Note: 25 No related party transaction were carried out during the year.

Note: 26 there is no reportable segment as per the contention of the management.

Note: 27 Basic and Diluted Earnings per share (EPS) computed in accordance with

Accounting Standard (AS) 20 "Earning per Share"

Note: 29 previous year figures have been regrouped and recasted wherever necessary.
Note: 30 Other Notes

Additional Regulatory Information pursuant to Clause 6L of General Instructions for
preparation of Balance Sheet as given in Part I of Division II of Schedule III to the Companies
Act, 2013, are given hereunder to the extent relevant and other than those given elsewhere in
any other notes to the Financial Statements.

a. During the year ended March 31, 2025 and March 31, 2024, the Company has not advanced
or loaned or invested funds (either borrowed funds or share premium or kind of funds) to any
other person(s) or entity(ies), including foreign entities (Intermediaries) with the
understanding (whether recorded in writing or otherwise) that the Intermediary shall:

i) directly or indirectly lend or invest in other persons or entities identified in any
manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or

iii) provide any guarantee, security or the like to or on behalf of the ultimate
beneficiaries.

Further, during the year ended March 31, 2025 and March 31, 2024, the Company has not
received any fund from any person(s) or entity(ies), including foreign entities (Funding Party)
with the understanding (whether recorded in writing or otherwise) that the Company shall: i)
directly or indirectly lend or invest in other persons or entities identified in any manner
whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or ii) provide any
guarantee, security, or the like on behalf of the ultimate beneficiaries.

b. The Company has not invested or traded in Crypto Currency or Virtual Currency during the
year ended March 31, 2025 (Previous: NIL)

c. No proceedings have been initiated on or are pending against the Company for holding
benami property under the Prohibition of Benami Property Transactions Act, 1988 (as
amended in 2016) (formerly the Benami Transactions (Prohibition) Act, 1988 (45 of 1988))
and Rules made thereunder during the year ended March 31, 2025 (Previous year: Nil).

d. The Company has not been declared Wilful Defaulter by any bank or financial institution or
government or any government authority during the year ended March 31, 2025 (Previous
year: Nil).

e. The Company has not surrendered or disclosed as income any transactions not recorded in
the books of accounts in the course of tax assessments under the Income Tax Act, 1961 (such
as, search or survey or any other relevant provisions of the Income Tax Act, 1961) during the
year ended March 31, 2025 (Previous year: Nil).

f. The Company does not have any transactions with the companies struck off under section
248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956 during the year
ended March 31, 2025 (Previous year: Nil).

g. The Company has complied with the number of layers prescribed under clause (87) of
section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017.

Signature to Notes ''1'' to ''30''

As per our report on even date

FOR, BIPIN & CO. FOR & ON BEHALF OF THE BOARD

CHARTERED ACCOUNTANTS
FIRM NO: 101509W

CA AMIT SHAH AMAN PATEL KISHAN NAIDU

PARTNER Whole Time Director Director & CFO

M. No. 126337 DIN: 08483544 DIN: 08662664

UDIN:25126337BMLICR8550

PLACE: VADODARA
DATE : 20.05.2025

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Mar 31, 2024

Note: 19 Significant Accounting Policies:

a) General:

i) Accounting policies not specifically referred to otherwise are in consistence with earlier year and in consonance with generally accepted accounting principles.

ii) Expenses and income considered payable and receivable respectively are accounted for on accrual basis.

b) Valuation of Inventories: There are no Inventories in the company.

c) Fixed assets and depreciation:

i) Fixed Assets are stated at cost of acquisition less accumulated depreciation and is inclusive of freight taxes, and incidental expenses relating to such acquisition.

ii) No Depreciation is provided on Fixed Assets comprises of Office Guest House and Computer being not used in business.

d) Investments: There is no Investment made by the company.

e) Foreign currency Transactions: There is no foreign currency transaction.

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f) Retirement Benefits: Provident fund and employees state insurance scheme contribution is not applicable to the company.

g) Taxes on Income:

Current Tax: Provision for Income-Tax is determined in accordance with the provisions of Income-tax Act 1961.

Deferred Tax Provision: Deferred tax is recognized, on timing difference, being the difference between the taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

Note: 20 Balances of Sundry Debtors, Creditors, Loans and Advances are subject to confirmation and

reconciliation.

Note: 21 In the opinion of the Board of directors, the current assets, Loans & advances are

approximately of the value stated if realized in the ordinary course of business. The provision of all known liabilities is adequate and not in excess of the amount reasonably necessary.

Note: 22 No Remuneration paid to the directors during the year.

Note: 23 No related party transaction were carried out during the year.

Note: 24 there is no reportable segment as per the contention of the management.

Note: 25 Basic and Diluted Earnings per share (EPS) computed in accordance with Accounting

Standard (AS) 20 "Earning per Share"

Note: 27 previous year figures have been regrouped and recasted wherever necessary.

Note: 28 Other Notes

Additional Regulatory Information pursuant to Clause 6L of General Instructions for preparation of Balance Sheet as given in Part I of Division II of Schedule III to the Companies Act, 2013, are given hereunder to the extent relevant and other than those given elsewhere in any other notes to the Financial Statements.

a. During the year ended March 31, 2024 and March 31, 2023, the Company has not advanced or loaned or invested funds (either borrowed funds or share premium or kind of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall:

i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or

ii) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

Further, during the year ended March 31, 2024 and March 31, 2023, the Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall: i) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or ii) provide any guarantee, security, or the like on behalf of the ultimate beneficiaries.

b. The Company has not invested or traded in Crypto Currency or Virtual Currency during the year ended March 31, 2024 (Previous: NIL)

c. No proceedings have been initiated on or are pending against the Company for holding benami property under the Prohibition of Benami Property Transactions Act, 1988 (as amended in 2016) (formerly the Benami Transactions (Prohibition) Act, 1988 (45 of 1988)) and Rules made thereunder during the year ended March 31, 2024 (Previous year: Nil).

d. The Company has not been declared Wilful Defaulter by any bank or financial institution or government or any government authority during the year ended March 31, 2024 (Previous year: Nil).

e. The Company has not surrendered or disclosed as income any transactions not recorded in the books of accounts in the course of tax assessments under the Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961) during the year ended March 31, 2024 (Previous year: Nil).

f. The Company does not have any transactions with the companies struck off under section 248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956 during the year ended March 31, 2024 (Previous year: Nil).

g. The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with the Companies (Restriction on number of Layers) Rules, 2017.

Signature to Notes ''1'' to ''28''

As per our report on even date

FOR, BIPIN & CO. FOR AND ON BEHALF OF THE BOARD

CHARTERED ACCOUNTANTS Firm Reg. No. 101509 W

CA AMIT SHAH AMAN PATEL KISHAN NAIDU

Partner Whole-time Director Director & CFO

Membership No. 126337 DIN: 08483544 DIN: 08662664

NAMITA ACHARYA Company Secretary

Place: Vadodara Place: Kolkata

Date: 30.05.2024 Date: 30.05.2024

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Mar 31, 2018

Note: 1 Significant Accounting Policies:

a) General:

i) Accounting policies not specifically referred to otherwise are in consistence with earlier year and in consonance with generally accepted accounting principles.

ii) Expenses and income considered payable and receivable respectively are accounted for on accrual basis.

b) Valuation of Inventories: The Company does not have any inventory.

c) Fixed assets and depreciation: The charge in respect of periodic depreciation 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 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.

d) Investments: Investment in the company is valued at cost.

e) Foreign currency Transactions: There is no foreign currency transaction.

f) Retirement Benefits: Provident fund and employees state insurance scheme contribution is not applicable to the company.

g) Taxes on Income:

Current Tax: Provision for Income-Tax is determined in accordance with the provisions of Income-tax Act 1961.

Deferred Tax Provision: Deferred tax is recognized, on timing difference, being the difference between the taxable incomes and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

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Mar 31, 2015

A} Basis of Preparation of Financial Statements

The financial statements of the company have been prepared and accounting principles in India 'Indian GAAP) The company has prepared to comply in all material respects with the accounting standards noticed under Section 133 of the companies Act. 2013. read with Rule 7 of the Companies Accounts: and rules 2014 and the relevant provisions of the Companies Act. 2013 ("the 2013 Act) companies Act 1956 (the Act 1958) has applicable these financial statements have been prepared on a accrual basis and under the historical cost convention.

b) Use of Estimates

The preparation of financial statements m conformity with generally accepted principles requires estimates and assumptions to be made that and affect the reported amount of assets and liabilities on the date of the financial statements and the reported amount of revenue and expenses during the reporting period Differences between actual results and estimates are recognized in the period in the results are known / materialized

c) Revenue Recognition

i) Sale of goads is recognized on dispatch to customers Sales are net of cess sales tax and claims

ii) Other income accounted on accrual basis except will of income is uncertain.

d) Fixed Assets

Fixed Assets are stated at cost of acquisition/ installation less accumulated depreciation and impairment losses if any The cost of assets comprise price and directly attributable cost of bringing the assets to working condition for its intended use

e) Depreciation

In respect of fixed assets other than free hold land and capital work in progress acquired during the year depreciation / amortization is charged on straight line basis so is to write off the cost of the assets over the useful life in terms of the provision of schedule II of the companies Act 2013, (The Act of the ' assets acquired prior to 1st April 20.14 the carrying amount is the remaining useful life of the assets in terms of the act except for the rules for which useful life's is considered for one year

() Investments

investments are classified into current and Long -I Current investments are state of lower of cost and fair market value Long investments are stated at cost after deducting provision of any. for diminution in value considered to be other than temporary in nature.

g) Earning Per Share

Basic an a Diluted Earnings per share are calculated by dividing the net profit attributable to the ordinary

shareholders by the weighted average number of ordinary shares outstanding during the year.

h) Inventories

Inventories are valued at lower of inventories comprises of cost of other incidental expenses Net realizable value is the estimated selling price in the ordinary course business.

j) Segment Reporting

The company prepares its segment information in conformity with the accounting policies adopted for preparing and presenting the financial statements of the company as a whole

I) Impairment

An asset is treated as impaired when the carrying cost of assets exceeded is recoverable value being higher of value in use and not selling on importance is recognition of Profit and Loss Account in the year in winch an assets. accounting period is reserves.

m) Taxation

Provision for current tax is made after taking m to consideration benefits admission the provisions of the Income Tax Act 1961 Deferred tax resulting fron1 difference" between taxable accounting income is accounted for using I its and law that are enacted 01 substantively the as on the balance sheet date only to that there is virtual certainty In at the assets.

n) Employee Benefits

i) Provident Fund Act and/or Employee State insurance Act is not applicable the Company during under review.

i<) Gratuity Liability has not been provided The company does no: contributes to any turned for gratuity employees

p) Provision & Contingent Liability

A provision is recognized when there is a present obligation as a result of past requires an outflow of resources are a reliable estimate can be made to settle the amount of obligation These are reviewed at each year end and adjusted to reflect time best current Contingent liabilities are not recognised but disclosed in the financial statements.

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Mar 31, 2014

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The Company follows the mercantile system of accounting and recognises income and expenses on accrual basis. The accounts are prepared on historical cost basis as a concern. Accounting policies not referred to otherwise are consistent with generally accepted accounting principles and the provisions of the Companies Act. 2013.

USE OF ESTIMATES

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

TANGIBLE AND INTANGIBLE FIXED ASSETS AND DEPRECIATION/ AMORTISATION

(a) Fixed Assets acquired before 31st March, 1982 are stated at valuation on current cost basis less depreciation up to the said date. Additions to the Fixed Assets after 31st March. 1982 are stated at cost. Cost includes acquisition price and attributable expenses including borrowing costs during construction period as applicable

(b) An impairment loss is recognised wherever, the carrying value of the fixed asset exceeds its market value or value in use, which-ever is higher.

(c) In respect of revalued assets the difference between written down value of assets and valuation is transferred to Revaluation Reserve.

(d) Depreciation is provided in accordance with Section 205 of the Companies Act. 19*6 on 'Written Down Value' method on all the fixed assets, except on (r) the additions to Plant and Machinery and Diesel Generating Sets made after 1st April. 1963 on which depreciation is provided on Straight Line Method and (ii) the amounts added on revaluation is amortised over the period of useful life of the asset as determined and an equivalent amount thereof is transferred to the Statement of Profit and Loss from the Revaluation Reserve.

REVENUE RECOGNITION

Sales are recognized on despatch, price adjustments for sales made during a year are recorded upon receipt of confirmed customer orders.

INVENTORIES

(a) Raw materials are valued at lower of cost (on weighted average basis) and market rate.

(b) Cost has been considered after taking credit for taxes, wherever and to the extent available.

SALES AND OTHER INCOME

(a) Sales are net of cess, sales tax and claims.

(b) Other income is accounted on accrual basis except where the receipt of income is uncertain.

INVESTMENTS

Long-term investments are carried at acquisition cost less provision for permanent diminution in the value. Investments intended to be held for not more than one year are classified as current investments and are valued at lower of cost and market value.

TAXES ON INCOME

As it is agro based company so there is no on the agricultural income

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Mar 31, 2013

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The company follows the mercantile system of accounting and recognises income and expenses on account basis. The accounts are prepared on historical cost basis as going concern. Accounting policies not referred to otherwise. are consistent with generally accept accounting principles and the provisions of the companies Act.1956

USE OF ESTIMATES

The preperation of financial statements in conformity with generally accepted accounting principle requires estimates and assumption to be made that affect the reported amount of assets and liabilities on the date of the financial statement and the reported amount of revenues and expenses during the reporting period Differences between the actual result and estimates are recognised in the period in which the results are known/materialized.

TANGIBLE AND INTANGIBLE FIXED ASSETS AND DEPRECIATION/ AMORTISATION

(a) Fixed Assets acquired before 31st March. 1982 are stated at valuation on current cost basis less depreciation up to the said date. additions to the Fixed assets after 31st March,1982 are stated at cost. Cost includes acquisition price and attributable expenses including borrowing costs during construction period as applicable.

(b) An impairment loss is recognised wherever, the carrying value of the fixed assets exceeds its market value or value in use, which-ever is higher.

(c) In respect of revalued assets the differences between written down value of assets and valuation is transferred o Revaluation Reserve.

(d) Depreciation is provided in accordance with section 205 of the Companies Act, 1956 on written Down Value method on all the fixed assets. except on (i) the additions to plant and Machinary and Diesel Generating Sets made after 1st April, 1963 on which depreciation is provided on Straight Line Method and (ii) the amounts added on revaluation is amortised over the period of useful life of the assets as determined and an equivalent amount thereof is transffered to the Statement of Profit and Loss from the Revaluation Reserve

INVENTORIES

(a) Raw materials are valued at lower of cost (on weighted average basis) and market rate

(b) Cost has been considered after taking credit for taxes, wherever and to the extent available.

SALES AND OTHER INCOME

(a) Sales are net of cess, sales tax and claims.

(b) Other income is accounted on accrual basis except where the receipt of income is uncertain

INVESTMENTS

Long-term investments are carried at acquisition cost less provision tor permanent diminution in the value Investments intended to be held for not more than one ear are classified as current investments and are valued at lower of cost and market value.

TAXES ON INCOME

As it is agro based company so there is no on the agricultural income

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Mar 31, 2012

1. The Company follows mercantile of account.

2. No Gratuity has been provided the accounts as no employee has put in qualifying period of services.

3. Fixed Assets have been valued at historical cost and depreciated in the Companies Act, 1956