Accounting Policies of Elegant Floriculture & Agrotech (I) Ltd. Company

Mar 31, 2025

(G) Significant Accounting Policies :-

(i) The Company generally follows mercantile method of accounting except the following which are
accounted on cash basis.

a) Gratuity and incentives to employees

b) Income from investment

c) Claims and interest due on overdue bills.

d) Closing Stock valued at cost.

(ii) Depreciation on fixed assets have been provided on straight line method as per schedule XIV of the
Companies Act, 1956, on Single Shift Basis.

(J) Disclosures pertaining to corporate social responsibility activities :

The provisions of section 135 of the Companies Act, 2013 pertaining to Corporate Social Responsibility are not
applicable to the company.

(K) Disclosure in relation to undisclosed income :

The Company has not surrendered or disclosed any income during the year in the tax assessments under the
Income Tax Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

(L) Details of Crypto Currency or Virtual Currency :

The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

(M) As per the information given by the Company, there are no suppliers who are covered under the Micro, Small andl
Medium Enterprises Development Act, 2006.

(N) During the year the Company has created Deferred Tax Liability of ^ 637,000/-.

(Q) In the opinion of the Board of Directors, the current assets, loans and advances have a value which on realization in thel
ordinary course of Business would be at least equal to the amount stated in the Balance Sheet.

(R) Figures in brackets represent the figures of the previous year and have been regrouped / rearranged wherever
necessary.

(ii) Since, all loans given by Company are repayable on demand, the percentage of total loans repayable on demand tol
the total loans granted is 100%.

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Mar 31, 2014

(A) The Company generally follows mercantile method of accounting except the following which are accounted on cash basis.

i) Gratuity and incentives to employees

ii) Income from investment

iii) Claims and interest due on overdue bills.

iv) Closing Stock valued at cost.

(B) Depreciation on fixed assets have been provided on straight line method as per schedule XIV of the Companies Act, 1956, on Single Shift Basis.

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Mar 31, 2013

(A) The Company generally follows mercantile method of accounting except the following which are accounted on cash basis.

i) Gratuity and incentives to employees

ii) Income from investment *

iii) Claims and interest due on overdue bills.

iv) Closing Stock valued at cost.

(B) Depreciation on fixed assets have been provided on straight line method as per schedule XIV of the Companies Act, 1956, on Single Shift Basis.

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Mar 31, 2010

(A) The Company generally follows mercantile method of accounting except the following which are accounted on cash basis.

i) Gratuity and incentives to employees

ii) Income from investment

iii) Claims and interest due on overdue bills.

(B) Depreciation on fixed assets have been provided on straight line method as per schedule XIV of the Companies Act, 1956, on Single shift basis.