Accounting Policies of Aar Shyam India Investment Company Ltd. Company

Mar 31, 2025

BACKGROUND

AAR Shyam India Investment Company Limited ("the Company'') was incorporated under the Companies Act 1956,
on 24^th Day of February 1983 the Company is engaged in NBFC''s activities. Company is also registered under 45-IA
of Reserve Bank of India Act 1934.

Basis of preparation of financial statements:

The financial statements for the year ended 31.03.2025 have been prepared and presented in accordance with Indian
accounting standards (Ind AS) as notified by MCA vide notification G.S.R. 365(E) Dated 30.03.2016 with
comparative for previous year ending 31.03.2024.

Use of estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities as
at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.
Actual results could differ from those estimates. Any revision to accounting estimates is recognized prospectively in
current and future periods. The management believes that the estimates made in the preparation of the financial
statements are prudent and reasonable.

Income and Expenditure

Income and Expenditure are accounted for on accrual basis except finance charges and interest Income on bad &
doubtful debts which is recognized as per IRAC norms of RBI guidelines.

Property Plant & Equipment and Depreciation

Property Plant & Equipment are stated at cost of acquisition less accumulated depreciation and impairment losses, if
any. The cost of property, Plant and Equipment comprises purchase price and any attributable cost of bringing the
asset to its working condition for its intended use.

Intangible Assets

Company doesn''t have any intangible assets during the year 2024-25.

Investments

Investment has been valued and bifurcated in accordance with the Indian Accounting Standards (Ind AS). However,
no provision is required an account of permanent diminution in the value of investment held.

Inventories

The Company does not have any kind of inventory during the year.

Loans & Advances

Loans and Advances are classified in accordance with IRAC norms issued by RBI.

Dividend

No dividend has been paid or declared by the company during the year.

Employee Benefits

The management has not made any Provision for liability of future payment of gratuity in the current year and has
not obtained actuarial valuation report.

Further, no provision has been made for leave encashment benefits, as the management does not have a policy of
encashing leaves of employees.

Cash and cash equivalents

Cash and cash equivalents for the purposes of cash flow statement comprise cash in hand and cash at bank.

---

Mar 31, 2024

NOTE - 1: SIGNIFICANT ACCOUNTING POLICIES

AAR Shyam India Investment Company Limited (‘’the Company’) was incorporated under the Companies Act 1956, on 24th
Day of February 1983 the Company is engaged in NBFC’s activities. Company is also registered under 45-IA of Reserve Bank
of India Act 1934.

Basis of preparation of financial statements:

The financial statements for the year ended 31.03.2024 have been prepared and presented in accordance with Indian accounting
standards (Ind AS) as notified by MCA vide notification G.S.R. 365(E) Dated 30.03.2016 with comparative for previous year
ending 31.03.2023.

Use of estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities as at the date of the
financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ
from those estimates. Any revision to accounting estimates is recognized prospectively in current and future periods. The
management believes that the estimates made in the preparation of the financial statements are prudent and reasonable.

Income and Expenditure

Income and Expenditure are accounted for on accrual basis except finance charges and interest Income on bad & doubtful debts
which is recognized as per IRAC norms of RBI guidelines.

Property Plant & Equipment and Depreciation

Property Plant & Equipment are stated at cost of acquisition less accumulated depreciation and impairment losses, if any. The
cost of property, Plant and Equipments comprises purchase price and any attributable cost of bringing the asset to its working
condition for its intended use.

The Company has not acquired any Property, Plant and Equipment in a business combination. The Company has not revalued
its Property, Plant and Equipment.

Intangible Assets

Company doesn’t have any intangible assets during the year 2023-24.

Investments

Investment has been valued and bifurcated in accordance with the Indian Accounting Standards (Ind’AS). However, no
provision is required on account of permanent diminution in the value of investment held. At the end of year company doesn’t
have any investment.

Inventories

The Company does not have any kind of inventory during the year.

Loans & Advances

Loans and Advances are classified in accordance with IRAC norms issued by RBI.

Dividend

No dividend has been paid or declared by the company during the year.

Cash and cash equivalents

Cash and cash equivalents for the purposes of cash flow statement comprise cash in hand and cash at bank