ಕಂಪನಿಯ ಅಕೌಂಟಿಗ್ ಪಾಲಿಸಿ BGIL Films & Technologies Ltd.

Mar 31, 2025

1.1.1 Basis of Preparation

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
read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015
and Companies (Indian Accounting Standards) Amendment Rules, 2016.

Compliance with Ind AS

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

The accounting policies are applied consistently to all the periods presented in
the financial statements.

Historical Cost Convention

The financial statements have been prepared on a historical cost basis, except
for the following:

1) Certain financial assets and liabilities that are measured at fair value;

2) Defined benefit plans - plan assets measured at fair value.

Current and non-current classification

The financial statements have been prepared on accrual and going concern
basis. All assets and liabilities have been classified as current or non-current as
per the Company’s normal operating cycle and other criteria as set out in the
Division II of Schedule III to the Companies Act, 2013. Based on the nature of
products and the time between acquisition of assets for and their realisation in
cash and cash equivalents, the Company has ascertained its operating cycle as
12 months for the purpose of current or non-current classification of assets and
liabilities.

1.1.2 Use of estimates and judgements

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.

1.1.3 Revenue Recognition

Revenue is recognized only when it can be reliably measured and it is reasonable
to expect ultimate collection and are recorded net of sales return, branch
transfer, rebates and trade discounts.

The Company’s income from operation is accounted for on accrual basis.

1.1.4 Property, Plant and Equipment

Property, Plant and Equipment is stated at acquisition cost net of accumulated
depreciation and accumulated impairment losses, if any. Subsequent costs are
included in the asset’s carrying amount or recognised 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 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 property, plant and
equipment are recognised in the Statement of Profit and Loss.

Depreciation is provided on a pro-rata basis on the straight line method based
on estimated useful life prescribed under Schedule II to the Companies Act,
2013.

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

1.1.5 Intangible Assets

Intangible assets are carried at cost less any accumulated amortisation and
accumulated impairment losses, if any. Finite-life intangible assets are
amortised on a straight-line basis over the period of their expected useful lives.

Estimated useful life by major class of finite-life intangible asset is as follows:
Computer software - 5 years

The amortisation period and the amortisation method for finite-life intangible
assets is reviewed at each financial year end and adjusted prospectively, if
appropriate.

1.1.6 Impairment of non-financial assets

The Company assesses at each reporting date as to whether there is any
indication that any property, plant and equipment and intangible assets or group
of assets, called cash generating units (CGU) may be impaired. If any such
indication exists the recoverable amount of an asset or CGU is estimated to
determine the extent of impairment, if any. When it is not possible to estimate
the recoverable amount of an individual asset, the Company estimates the
recoverable amount of the CGU to which the asset belongs.

An impairment loss is recognised in the Statement of Profit and Loss to the
extent, asset’s carrying amount exceeds its recoverable amount. The recoverable
amount is higher of an asset’s fair value less cost of disposal and value in use.
Value in use is based on the estimated future cash flows, discounted to their
present value using pre-tax discount rate that reflects current market
assessments of the time value of money and risk specific to the assets.

1.1.7 Investments

Investments in unquoted equity shares and quoted shares are stated at cost and
fair market value respectively.

1.1.8 Inventories

Raw materials and store & spares are valued at lower of Cost and Net Realizable
Value.

Work in progress is valued at the cost incurred.

Finished goods are valued at lower of Cost (raw material and appropriate
proportion of overheads) and Net Realizable Value.

Goods held for Resale are valued at lower of cost and net realizable value.

The cost of inventories comprises all costs of purchase (including duties for
which no credit/rebate is to be received), costs of conversion and other costs
incurred in bringing the inventories to their present location and condition.
Trade discounts, rebates, duty drawbacks and other similar items are deducted
in determining the costs of purchase.

Costs of inventories are determined on First in First out (‘FIFO’) basis in the
ordinary course of business.

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

1.1.9 Tax expenses

The tax expense for the period comprises current and deferred tax. Tax is
recognised in Statement of Profit and Loss.

Current Tax:

Provision for Taxation is ascertained on the basis of assessable profit computed
in accordance with the provisions of Income Tax Act, 1961.

Deferred Tax:

Deferred tax is recognised 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 and assets are measured at the tax rates that are expected to apply in
the period in which the liability is settled or the asset realised, based on tax rates
(and tax laws) that have been enacted or substantively enacted by the end of the
reporting period. The carrying amount of deferred tax liabilities and assets are
reviewed at the end of each reporting period.

1.1.10 Employee benefits
Short Term Employee Benefits:

All employee benefits payable wholly within twelve months of rendering the
service are classified as short-term employee benefits and the undiscounted
amount of such employee benefits are recognised in Statement of Profit and Loss
in the period in which the employee renders the related services. These benefits
include salaries, wages, bonus etc.

Defined Benefit Plan

Gratuity is provided for based on actuarial valuation carried out at the close of
each period. The actuarial valuation is done by an Independent Actuary as per
projected unit credit method. For defined benefit plans, the amount recognised
as ‘Employee benefit expense’ in the Statement of Profit and Loss is the cost of
accruing employee benefits promised to employees over the year and the costs of
individual events such as past/future service benefit changes and settlements
(such events are recognised immediately in the Statement of Profit and Loss).
Any differences between the interest income on plan assets and the return
actually achieved, and any changes in the liabilities over the year due to changes

in actuarial assumptions or experience adjustments within the plans, are
recognised immediately in ‘Other comprehensive income’ and subsequently not
reclassified to the Statement of Profit and Loss.

1.1.11 Segment reporting
Identification of segments

As defined in Ind AS 108, the Chief Operating Decision Maker (CODM) evaluates
the Company''s performance and allocates resources based on an analysis of
various performance indicators by business segments and geographic segments.
The accounting principles used in the preparation of financial statements are
consistently applied to record revenue and expenditure in individual segment
and are as set out in the significant accounting policies.

The company has only one segment income during the period, therefore there is
no requirement of segment reporting as per Indian Accounting Standard (Ind AS)
108.

1.1.12 Cash Flow Statement

Cash flows are reported using the indirect method in accordance with Ind AS 7,
whereby a profit before tax is adjusted for the effects of transactions of non-cash
nature and any deferrals or accruals of past or future cash receipts or payments.
The cash flows from operating, financing and investing activities of the Company
are segregated.

1.1.13 Earning Per Share

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.

For the purpose of calculating Diluted Earnings per share, the Net Profit or Loss
for the period attributable to equity shareholders is divided by the Weighted
Average Number of shares outstanding during the period after adjusting for the
effects of all dilutive potential equity shares.

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Mar 31, 2014

(a) General:

Accounting Principles not specifically referred to otherwise are consistent and in consonance with generally accepted accounting principles. The company prepares its accounts on accrual basis, except otherwise stated, in accordance with normally accepted policies. The accounts are prepared on historical cost basis and as a going concern.

(b) Revenue Recognition

The Company''s income from operation is accounted for on accrual basis.

(c) Fixed Assets:

All the Fixed Assets have been stated on cost inclusive of incidental expenses less accumulated depreciation.

(d) Depreciation:

Depreciation is calculated on Fixed Assets on straight- line method in accordance with the schedule XIV as amended of the Companies Act, 1956

(e) Investments:

Long term investments are valued at cost, less provision for diminution, other than temporary. Short term investments are valued at cost or market value, which is lower.

(f) Inventory:

(a) Finished goods are valued at cost or net realizable value, whichever is lower.

(b) Raw materials and stores & spares are valued at cost.

(c) Work in progress is valued at the cost incurred.

(d) The cost of inventories comprises all costs of purchase (including duties for which no credit/ rebate is to be received), costs of conversion and other costs incurred in bringing the inventories to their present location and condition. Trade discounts, rebates, duty drawbacks and other similar items are deducted in determining the costs of purchase.

(e) The cost of inventories is arrived by using First- In-First-Out (FIFO) cost formula.

(g) Miscellaneous expenditure:

Preliminary expenses & Public Issue Expenses are being written off over a period of 10 years.

(h) Retirement Benefits:

Provision for Gratuity will be accounted for on the retirement / cessation of employment. No amount has been charged to Profit & Loss Account on account of gratuity during the previous year.

(I) Contingent Liabilities

Unprovided contingent liabilities are disclosed in the accounts by way of notes giving nature and quantum of such liabilities.

(i) Taxation

Provision for Taxation has been made in accordance with the Income Tax Act, 1961.

Deferred tax resulting from timing difference between book and tax profits is accounted for under the liability method, at the current rate of tax, to the extent that the timing differences are expected to crystallise.

The Policies not specifically mentioned above are in agreement with the accounting standards issued by the Institute of Chartered Accountants of India.

(iii) Terms/rights attached to equity shares

The company has only one class of equity shares having a par value of Rs. 10 per share. In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amonuts. The distribution will be in proportion to the number of equity shares held by the shareholders.

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Mar 31, 2013

(a) General:

Accounting Principles not specifically referred to otherwise are consistent and in consonance with generally accepted accounting principles. The company prepares its accounts on accrual basis, except otherwise stated, in accordance with normally accepted policies. The accounts are prepared on historical cost basis and as a going concern.

(b) Revenue Recognition

The Company''s income from operation is accounted for on accrual basis.

(c) Fixed Assets:

All the Fixed Assets have been stated on cost inclusive of incidental expenses less accumulated depreciation.

(d) Depreciation:

Depreciation is calculated on Fixed Assets on straight-line method in accordance with the schedule XIV as amended of the Companies Act, 1956

(e) Investments:

Investments are stated as cost.

(f) Current Assets:

Current Assets are stated at Cost or Market value whichever is lower except Stock in Trade, held in shares and Debentures, which have been valued at Cost Price.

(g) Miscellaneous expenditure:

Preliminary expenses & Public Issue Expenses are being written off over a period of 10 years.

(h) Retirement Benefits:

Provision for Gratuity will be accounted for on the retirement / cessation of employment. No amount has been charged to Profit & Loss Account on account of gratuity during the previous year.

(I) Contingent Liabilities

Unprovided contingent liabilities are disclosed in the accounts by way of notes giving nature and quantum of such liabilities.

(i) Taxation

Provision for Taxation has been made in accordance with the Income Tax Act, 1961.

Deferred tax resulting from timing difference between book and tax profits is accounted for under the liability method, at the current rate of tax, to the extent that the timing differences are expected to crystallise.

The Policies not specifically mentioned above are in agreement with the accounting standards issued by the Institute of Chartered Accountants Of India.

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Mar 31, 2012

(a) General:

Accounting Principles not specifically referred to otherwise are consistent and in consonance with generally accepted accounting principles. The company prepares its accounts on accrual basis, except otherwise stated, in accordance with normally accepted policies. The accounts are prepared on historical cost basis and as a going concern.

(b) Revenue Recognition

The Company's income from operation is accounted for on accrual basis.

(c) Fixed Assets:

All the Fixed Assets have been stated on cost inclusive of incidental expenses less accumulated depreciation.

(d) Depreciation:

Depreciation is calculated on Fixed Assets on straight-line method in accordance with the schedule XIV as amended of the Companies Act, 1956

(e) Investments:

Investments are stated as cost.

(f) Current Assets:

Current Assets are stated at Cost or Market value whichever is lower except Stock in Trade, held in shares and Debentures, which have been valued at Cost Price.

(g) Miscellaneous expenditure:

Preliminary expenses & Public Issue Expenses are being written off over a period of 10 years.

(h) Retirement Benefits:

Provision for Gratuity will be accounted for on the retirement / cessation of employment. No amount has been charged to Profit & Loss Account on account of gratuity during the previous year.

(I) Contingent Liabilities

Unprovided contingent liabilities are disclosed in the accounts by way of notes giving nature and quantum of such liabilities.

(i) Taxation

Provision for Taxation has been made in accordance with the Income Tax Act, 1961.

Deferred tax resulting from timing difference between book and tax profits is accounted for under the liability method, at the current rate of tax, to the extent that the timing differences are expected to crystallise.

The Policies not specifically mentioned above are in agreement with the accounting standards issued by the Institute of Chartered Accountants Of India.

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Mar 31, 2011

(a) General:

Accounting Principles not specifically referred to otherwise are consistent and in consonance with generally accepted accounting principles. The company prepares its accounts on accrual basis, except otherwise stated, in accordance with normally accepted policies. The accounts are prepared on historical cost basis and as a going concern.

(b) Revenue Recognition

The Company's income from operation is accounted for on accrual basis.

(c) Fixed Assets:

All the Fixed Assets have been stated on cost inclusive of incidental expenses less accumulated depreciation.

(d) Depreciation:

Depreciation is calculated on Fixed Assets on straight-line method in accordance with the schedule XIV as amended of the Companies Act, 1956

(e) Investments:

Investments are stated as cost.

(f) Current Assets:

Current Assets are stated at Cost or Market value whichever is lower except Stock in Trade, held in shares and Debentures, which have been valued at Cost Price.

(g) Miscellaneous expenditure:

Preliminary expenses & Public Issue Expenses are being written off over a period of 10 years.

(h) Retirement Benefits:

Provision for Gratuity will be accounted for on the retirement / cessation of employment. No amount has been charged to Profit & Loss Account on account of gratuity during the previous year.

(I) Contingent Liabilities

Unprovided contingent liabilities are disclosed in the accounts by way of notes giving nature and quantum of such liabilities.

(i) Taxation

Provision for Taxation has been made in accordance with the Income Tax Act, 1961.

Deferred tax resulting from timing difference between book and tax profits is accounted for under the liability method, at the current rate of tax, to the extent that the timing differences are expected to crystallise.

The Policies not specifically mentioned above are in agreement with the accounting standards issued by the Institute of Chartered Accountants Of India.

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Mar 31, 2010

(a) General:

Accounting Principles not specifically referred to otherwise are consistent and in consonance with generally accepted accounting principles. The company prepares its accounts on accrual basis, except otherwise stated, in accordance with normally accepted policies. The accounts are prepared on historical cost basis and as a going concern.

(b) Revenue Recognition

The Companys income from operation is accounted for on accrual basis.

(c) Fixed Assets:

All the Fixed Assets have been stated on cost inclusive of incidental expenses less accumulated depreciation.

(d) Depreciation:

Depreciation is calculated on Fixed Assets on straight-line method in accordance with the schedule XIV as amended of the Companies Act, 1956

(e) Investments:

Investments are stated as cost.

(f) Current Assets:

Current Assets are stated at Cost or Market value whichever is lower except Stock in Trade, held in shares and Debentures, which have been valued at Cost Price.

(g) Miscellaneous expenditure:

Preliminary expenses & Public Issue Expenses are being written off over a period of 10 years.

(h) Retirement Benefits:

Provision for Gratuity will be accounted for on the retirement / cessation of employment. No amount has been charged to Profit & Loss Account on account of gratuity during the previous year.

(I) Contingent Liabilities

Unprovided contingent liabilities are disclosed in the accounts by way of notes giving nature and quantum of such liabilities.

(i) Taxation:

Provision for Taxation has been made in accordance with the Income Tax Act, 1961.

Deferred tax resulting from timing difference between book and tax profits is accounted for under the liability method, at the current rate of tax, to the extent that the timing differences are expected to crystallise.

The Policies not specifically mentioned above are in agreement with the accounting standards issued by the Institute of Chartered Accountants Of India.