ಕಂಪನಿಯ ಅಕೌಂಟಿಗ್ ಪಾಲಿಸಿ Telge Projects Ltd.

1. SIGNIFICANT ACCOUNTING POLICIES:

1.1. Basis of preparation of Financial Statements:

The standalone financial statements of the Company have been
prepared in accordance with generally accepted accounting
principles in India (Indian GAAP), including the Accounting
Standards notified under Section 133 of The Companies Act, 2013
(the Act) read with Rule 7 of the Companies (Accounts) Rules, 2014
and presentation requirements of Division I of Schedule III to the
Act.

The financial statements are prepared on a historical cost basis,
on an accrual basis, and under the going concern assumption. The
accounting policies have been applied consistently with those of
the previous year unless otherwise stated.

The Financial Statements have been prepared on a going concern
basis, in as much as the management intends neither to liquidate
the company nor to cease operations. Accordingly, assets,
liabilities, Income and expenses are recorded on a Going Concern
basis. Based on the nature of products and services, and the time
between the acquisition of assets and realization into cash or cash
equivalents, the company has ascertained its operating cycle as 12
months for the purposes of current and non-current classification
of assets and liabilities

The financial statements of the Company are presented in Indian
Rupees ("INR"), which is the Company''s functional currency. In
accordance with the option provided under Schedule Ill to the
Companies Act, 2013, the figures for both the current and
previous financial years have been rounded off to the nearest
lakhs (Rs. 00,000), except where otherwise stated. Accounting
policies not specifically referred to are consistent with generally
accepted accounting principles and applicable accounting
standards

1.2. Use of estimates:

The preparation of financial statements in conformity with Indian
(GAAP) requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and
disclosure of contingent liabilities at the date of the financial
statements and the results of operations during the reporting
period. Although these estimates are based upon 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.

1.3. Revenue Recognition:

a) Sales of Services:

The Company recognizes revenue from sales of services when the
significant terms of the arrangement are enforceable, services have
been delivered and the collectability is reasonably assured. Revenue
from Service contracts is recognized proportionately over the period
of the contract.

b) Other Income:

Interest income is recognized as ‘accrued’ at applicable interest
rates. Income from dividend on investments is accounted for in the
period in which the right to receive the same is established.

Profit/ Loss on sale of investments is recognized on the date of
settlement of transaction. Other items of income are accounted as
and when the right to receive arises.

1.4. Property Plant & Equipment:

Property Plant & Equipment are stated at cost of acquisition or
construction less accumulated depreciation. The cost comprises
purchase price, inward freight, duties and taxes (net of Credits),
borrowing costs if capitalization criteria are met and directly
attributable cost of bringing the asset to its working condition for
the intended use. Any trade discounts and rebates are deducted in
arriving at the purchase price.

Subsequent expenditure related to an item of Property, Plant &
Equipment is added to its book value only if it increases the future
benefits from the existing asset beyond its previously assessed
standard of performance. All other expenses on existing property,
plant & equipment, including day-to-day repair and maintenance
expenditure and cost of replacing parts, are charged to the
statement of profit and loss for the period during which such
expenses are incurred.

Gains or losses arising from derecognition of property, plant &
equipment are measured as the difference between the net disposal
proceeds and the carrying amount of the asset and are recognized in
the statement of profit and loss when the asset is derecognized.

In case of set up/ new unit/ expansion plans, interest on borrowings
and financing costs of specific loans, prior to commencement of
commercial production are capitalized included in the cost of asset.

Capital Work in progress comprises of cost of Property Plant &
Equipment and all incidental expenses pertaining to that asset which
are not yet installed and ready for their intended use as at balance
sheet date.

1.5. Intangible Assets:

Intangible assets acquired separately are measured on initial
recognition at cost. Following initial recognition, intangible assets
are carried at cost less accumulated amortization and accumulated
impairment losses, if any.

Subsequent expenditure on an intangible asset after its purchase is
recognized as an expense when incurred unless it is probable that
such expenditure will enable the asset to generate future economic
benefits in excess of its originally assessed standards of
performance and such expenditure can be measured and attributed
to the asset reliably, in which case such expenditure is added to the
cost of the asset.

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 recognized in the
statement of profit and loss when the asset is derecognized.

1.6. Depreciation:

a. Depreciation:

Depreciation is charged in the accounts as per Straight Line Method
at the rates calculated as per useful life of each asset as prescribed
in schedule II to the Companies Act 2013. Depreciation on additions
to Property, Plant and Equipment during the year is provided from
the day on which the asset is added/ put to use.

Depreciation on assets sold, discarded, or demolished during the
year is being provided at their respective rates on pro rata basis.

b. Amortization:

Intangible assets are amortized on a straight-line basis over the
estimated useful economic life. The company uses a rebuttable
presumption that the useful life of an intangible asset will not
exceed ten years from the date when the asset is available for use.
If the persuasive evidence exists to the effect that useful life of an
intangible asset exceeds ten years, the company amortizes the
intangible asset over the best estimate of its useful life. Such
intangible assets and intangible assets not yet available for use are
tested for impairment annually, either individually or at the cash¬
generating unit level. All other intangible assets are assessed for
impairment whenever there is an indication that the intangible
asset may be impaired.

The amortization period and the amortization method are
reviewed at least at each financial year end. If the expected useful
life of the asset is significantly different from previous estimates,
the amortization period is changed accordingly. If there has been a
significant change in the expected pattern of economic benefits
from the asset, the amortization method is changed to reflect the
changed pattern. Such changes are accounted for in accordance
with AS 5 Net Profit or Loss for the Period, Prior Period Items and
Changes in Accounting Policies.

1.7. Borrowing Costs:

In Compliance with Accounting Standard - 16 “Borrowing Costs” -
Borrowing costs relating to acquisition or construction of
qualifying assets are capitalized till the date in which the asset is
ready for use, as part of the cost of that asset. All other borrowing
costs are recognized as expense in the period in which they are
incurred.

1.8. Employee Cost/Benefits:

a) Short term employee benefits:

All employee benefits falling due wholly within twelve months of
rendering the service are classified as short-term employee
benefits. The benefits like salaries, wages, short term
compensation etc. and the expected cost of bonus, ex-gratia, are
recognized in the period in which the employee renders the
related service.

b) Post-employment benefits:

Retirement benefit in the form of provident fund and gratuity are
defined contribution and defined benefit plans respectively. The
Company recognizes contribution payable to the provident fund
scheme as an expenditure, when an employee renders the related
service. The company identifies all of its permanent employees
who are aged not less than 18 years and not more than 58 years as
eligible employees for the payment of gratuity and has obliged to
pay the gratuity benefit, upon termination, retirement or death of
any such eligible employee, as per the applicable provisions of the
Payment of Gratuity Act, 1972 and rules made thereunder
amended from time to time. Accumulated leave above 60 days,
which is expected to be utilized within the next 12 months, is
treated as short-term employee benefit. The company measures
cost of such absences and pays off the employees before the end
of financial year.

Accumulated leave expected to be carried forward beyond twelve
months, does not exceed 60 days and is not measured/ recognized
by the company.

1.9. Impairment of assets:

At each balance sheet date, the Company reviews the carrying
amount of its property, plant & equipment to determine whether
there is any indication that those assets suffered an impairment
loss. If any such indication exists, the recoverable amount of the
assets is estimated in order to determine the extent of impairment
loss. Recoverable amount is the higher of an asset’s net selling
price and value in use. In assessing value in use, the estimated
future cash flows expected from the continuing use of the assets
and from its disposal are discounted to their present value using a
pre-tax discount rate that reflects the current market assessments
of time value of money and the risks specific to the assets.

Management has certified that the significant changes in business,
such as technological, market, economic or legal environment,
which will adversely affect the Company, have not occurred or are

expected to take place in the near future that will result in reduction
in the value of assets. Further, after providing depreciation as
specified in clause 1.6 above, there is no evidence of obsolescence
or damage to the assets. The Management has certified that, there
are no plans to discontinue the use of assets or change the manner
in which the assets are used. Based on this we believe that the
assets are not impaired as at March 31, 2026.

1.10. Foreign Currency Transactions:

a. Initial Recognition:

Foreign currency transactions are recorded in Indian Currency, by
applying the exchange rate between the Indian Currency and the
Foreign Currency at the date of transaction.

b. Conversion:

Monetary Items designated in Foreign Currency are translated at the
rate prevailing on the date of Balance Sheet.

c. Exchange Differences:

Exchange Differences arising on the settlement of foreign currency
transactions are recognized as income or as expense in the year in
which they arise.

1.11. Investments:

Investments which are readily realizable and intended to be held for
not more than one year from the date on which such investments
are made, are classified as current investments. All other
investments are classified as long-term investments.

On initial recognition, all investments are measured at cost [Except
for non-integral operation]. Cost comprises purchase price of the
investment and costs directly attributable to the acquisition such as
brokerage and fees.

Current investments including investments in Shares & mutual
funds are stated at lower of cost or realizable value. Long term
Investments in shares and debentures are stated at cost, net of
permanent diminution in value wherever necessary.

On disposal of an investment, the difference between its cost and
net disposal proceeds is charged or credited to the statement of
profit and loss.

1.12. Inventories:

The company is mainly engaged in providing services of structural
designing and management consultancy. Hence there is no raw
material / work-in-progress or finished goods stock.

1.13. Taxes on Income:

In compliance with Accounting Standard- 22 "Accounting for Taxes
on Income".

a. Income Tax:

Tax on income for the current period is determined on the basis of
the taxable income and tax credits computed for the year in
accordance with the provisions of Income Tax Act, 1961. The tax
rates and tax laws used to compute the amount are those that are
enacted or substantively enacted, at the reporting date. Current
income tax relating to items recognized in statement of profit and
loss, are recognized in the statement of profit and loss.

b. Deferred Tax:

The deferred tax arising from such timing difference is recognized at
current tax rates to the extent timing differences are expected to
crystallize, in case of Deferred Tax Liability is recognized considering
the principle of prudence. Deferred Tax Assets are recognized when
there is a reasonable certainty that there would be adequate future
taxable income against which deferred tax assets can be realized.
However, deferred tax assets arising on account of unabsorbed
depreciation and business losses are recognized only if, virtual
certainty supported by convincing evidence that there would be
adequate future taxable income against which the same can be
realized or set off

c. Minimum Alternate Tax:

As the company opted to pay taxes as per Section 115BAA,
Minimum Alternate Tax provisions are not applicable to the
company.

1.14. Prior Period Items and Change in Accounting Policy:

Prior period item refers to income or expense which arise in
current period as a result of errors or omission in the preparation
of financial statements of one or more prior period.

Company has considered the impact of such error based on the
materiality and have given necessary treatment wherever
applicable.

Whenever there is a change in accounting policy, the company
assess the monetary impact of such change on the financial
position of the company and treatment in accordance with the
relevant applicable accounting standard is given.

1.15. Segment Information

The Company is principally engaged in a single business of
providing structural design services and management consultancy
in two geographical segments as per Accounting Standard 17 on
‘Segment Reporting’ issued by the Institute of Chartered
Accountants of India.

During the year under report, the Company’s business has been
carried out in as well as outside India. The conditions prevailing in
India and outside India being uniform, no separate geographical
disclosures are considered necessary.

2. EARNINGS PER SHARE - (EPS)

Earnings per share is calculated by dividing the net profit or loss
for the year attributable to equity shareholders (after deducting
preference dividends and attributable taxes) by weighted average
number of equity shares outstanding during the year.

For the purpose of calculating diluted earnings per share, the net
profit or loss for the period attributable to equity shareholders
and the weighted average number of shares outstanding during
the year are adjusted for the effects of all dilutive potential equity
shares. The number of shares used in computing diluted earning
per share comprises of weighted average shares considered for
deriving basic earning per share, and also the weighted average
number of equity shares which could have been issued on the
conversion of all dilutive potential equity shares. Dilutive
potential equity shares are deemed converted as of the beginning
of the year, unless they have been issued at a later date. The
number of shares and potentially dilutive shares are adjusted for
any share splits and bonus shares issues, including for changes
effected prior to the approval of the financial statements by the
Board of Directors.

Earnings Per Share is calculated in accordance with Accounting
Standard (AS 20) “Earning Per Share” prescribed by the
Companies (Accounting Standards) Amendment Rules, 2006.