Accounting Policies of Repono Ltd. Company

Mar 31, 2024

29.3 Material Accounting policies

(A) Property, Plant and Equipment:

Property, plant and equipment are carried at its cost, net of recoverable taxes, trade discounts and rebate less accumulated depreciation and impairment fosses. If
any. Cost includes purchase price, borrowing cost, non refundable taxes or levies and directly attributable cost of bringing the asset to its working condition for its
intended use. Expenditure related to plans, designs and drawings of buildings or plant and machinery is capitalized under relevant heads of property, plant and
equipment if the recognition criteria are met. 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 entity and the cost can be measured reliably. In case of Property, Plant
and Equipment, the Company has availed the fair value as deemed cost on the date of transition i.e. April 01, 2016.

Property, Plant and Equipment not ready for the intended use on the date of Balance Sheet are disclosed as "Capital Work-in-Progress" and expenses incurred
relating to it, net of income earned during the development stage, are disclosed as pre-operative expenses under “Capital Work-in-Progress".

Property, Plant and Equipment are eliminated from Standalone Financial Statements, either on disposal or when retired from active use. Gains / losses arising In
the case of retirement/disposal of Property, Plant and Equipment are recognised in the statement of profit and loss in the year of occurrence.

Capital work in progress and Capital advances:

Cost of assets not ready for intended use. as on the Balance Sheet date, is shown as capital work in progress Land Development. Advances giver towards
acquisition of property, plant and equipment outstanding at each Balance Sheet date are disclosed as Other Non-Current Assets.

Depredation:

Depredation on property, plant and equipment is provided on WDV method for the year for which the assets have been used as under:

(a) Depreciation on assets is provided over the useful life of assets as prescribed under schedule II of Companies Act, 2013

(b) Leasehold land is amortised over the period of lease.

The asset''s residual values, useful lives and method of depreciation are reviewed at each financial year end and are adjusted prospectively, if appropriate.

(B) Intangible Assets and Amortisation:

Intangible Assets are stated at cost, net of accumulated amortization and impairment losses, if any. Intangible assets are amortised on a straight line basis over
their estimated useful lives. The amortisation period and the amortisation 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 amortisation period is changed accordingly. Gain or losses arising from the retirement or disposal
of an intangible asset are determined as the difference between the net disposal proceeds and the carrying amount of the asset and recognized as income or
expense in the Statement of Profit and Loss, in case of Intangible Assets, the Company has availed the fair value as deemed cost on the date of transition i.e.
April 01, 2Q16.The period of amortisation is as under :

Asset Period of amortisation

Computer Software 10 Years

(C) Borrowing Cost:

Borrowing costs specifically relating to the acquisition or construction of qualifying assets that necessarily takes a substantial period of time to get ready for its
intended use are capitalized (net of income on temporarily deployment of funds) as part of the cost of such assets. Borrowing costs consist of interest and other
costs that the Company incurs in connection with the borrowing of funds. For general borrowing used for the purpose of obtaining a qualifying asset, the amount
of borrowing costs eligible for capitalization is determined by applying a capitalization rate to the expenditures on that asset. The capitalization rate is the
weighted average of the borrowing costs applicable to the borrowings of the Company that are outstanding during the period, other than borrowings made
specifically for the purpose of obtaining asset. The amount of borrowing costs capitalized during a year does not exceed the amount of borrowing
cost incurred during All costs are expensed in the year in which they occur.

(D) Government Grants and Subsidy:

Grants and subsidies from the government are recognised when there is reasonable assurance that (») the Company will comply with the conditions attached to
them, and (it) the grant/subsidy will be received. When the grant or subsidy relates to revenue, it is recognised as income on a systematic basis in the statement
of profit and loss over the periods necessary to match them with the related costs, which they 3re intended to compensate. Where the grant relates to an asset, it
is recognised by deducting the grant from the value of respective asset to arrive at carrying amount.

(E) Taxes on Income:

Tax expense represents the sum of current tax (including income tax for earlier years) and deferred tax. Tax is recognised in the statement of profit and loss,
except to the extent that it relates to items recognised directly in equity or other comprehensive income, in such cases the tax is also recognised directly in equity
or in other comprehensive income. Any subsequent change in direct tax on items initially recognised in equity or other comprehensive income is also recognised
in equity or other comprehensive income.

Current tax provision is computed for Income calculated after considering allowances and exemptions under the provisions of the applicable Income Tax Laws.
Current tax assets and current tax liabilities are off set, and presented as net.

Deferred tax Is recognised on differences between the carrying amounts of assets and liabilities in the Balance sheet and the corresponding tax bases used in the
computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences, and deferred tax assets are generally
recognised for all deductible temporary differences, carry forward tax losses and allowances to the extent that it is probable that future taxable profits will be
available against which those deductible temporary differences, carry forward tax losses and allowances can be utilised. Deferred tax assets and liabilities are
measured at the applicable tax rates. The carrying amount of deferred tax assets is reviewed at each Balance Sheet date and reduced to the extent that it is no
longer probable that sufficient taxable profits will be available against which the temporary differences can be utilised.

|F) inventories:

Inventories are measured at lower of cost and net realisable value (NRV) after providing for obsolescence , if any. Cost of Inventories comprises of cost of
purchase, cost of conversion and other costs incurred In bringing them to their respective present location and condition. Cost of raw materials, stores St spares,
packing materials are determined on weighted average basis. The Cost of Work in Progress and Finished Goods is determined on absorption costing methods.

(G) Revenue Recognition and Other income:

Sales of goods and sendees:

The Company derives revenues primarily from the services related to Operation & Maintenance, Equipments Renting, Manpower Supply Services
Revenue from contracts with customers is recognised when control of the goods or services are transferred to the customer at an amount that reflects the
consideration entitled in exchange for those goods or services. Generally, control is transferred upon shipment of goods to the customer or when the goods is
made available to the customer, provided transfer of title to the customer occurs and the Company has not retained any significant risks of ownership or future
obligations with respect to the goods shipped.

Revenue is measured at the amount of consideration which the company expects to be entitled to in exchange for transferring distinct goods or services to a
customer as specified in the contract, excluding amounts collected on behalf of third parties (for example taxes and duties collected on behalf of the
government). Consideration is generally due upon satisfaction of performance obligations and a receivable is recognized when it becomes unconditional.

The Company does not expect to have any contracts where the period between the transfer of the promised goods or services to the customer and payment by
the customer exceeds one year. As a consequence, it does not adjust any of the transaction prices for the time value of money.

Revenue from rendering of services is recognised over time by measuring the progress towards complete satisfaction of performance obligations at the reporting
period.

Contract Balances - Trade Receivables

A receivable represents the Company''s right to an amount of consideration that is unconditional.

Contract liabilities

A contract liability is the obligation to transfer goods or services to a customer for which the Company has received consideration (or an amount of consideration
is due) from the customer. If a customer pays consideration before the Company transfers goods or services to the customer, a contract liability is recognised
when the payment is made or the payment is due (whichever is earlier). Contract liabilities are recognised as revenue when the Company performs under the
contract.

Other Income:

. Incentives on exports and other Government incentives related to operations are recognised in the statement of profit and less after due consideration of
certainty of utilization/receipt of such incentives.

interest income:

Interest income from a financial asset is recognised when it is probable that the economic benefits will flow to the Company and the amount of income can be
measured reliably. Interest Income is accrued on a timely basis, by reference to the principal outstanding and at the effective interest rate applicable, which is the
rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset''s net carrying amount on initial recognition.

Dividend income:

Dividend Income is recognised when the right to receive the payment is established.

Rental income:

Rental income arising from operating leases is accounted for on a straight-line basis over the lease terms and is included as other income in the statement of
profit or loss.

(H) Foreign currency transactions and translation:

Transactions in foreign currencies are recorded at the exchange rate prevailing on the date of transaction. Monetary assets and liabilities denominated in foreign
currencies are translated at the functional currency closing rates of exchange at the reporting date.

Exchange differences arising on settlement or translation of monetary items are recognised in Statement of Profit and Loss except to the extent of exchange
differences which are regarded as an adjustment to interest costs on foreign currency borrowings that are directly attributable to the acquisition or construction
of qualifying assets, are capitalized as cost of assets.

Foreign exchange differences regarded as an adjustment to borrowing costs are presented in the statement of profit and loss, within finance costs. All other
finance gains / losses are presented in the statement of profit and loss on a net basis.

In case of an asset, expense or income where a monetary advance is paid/received, the date of transaction is the date on which the advance was initially
recognized. If there were multiple payments or receipts in advance, multiple dates of transactions are determined for each payment or receipt of advance
consideration.

(I) Employee Benefits:

Short term employee benefits are recognized as an expense in the statement of profit and loss of the year In which the related services are rendered. Contribution
to Provident Fund, a defined contribution plan, is made in accordance with the statute, and is recognised as an expense in the year in which employees have
rendered services.

The cost of providing gratuity, a defined benefit plans, is determined based on Projected Unit Credit Method, on the basis of actuarial valuations carried out by
third party actuaries at each Balance Sheet date. Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are charged
or credited to other comprehensive income in the period in which they arise. Other costs are accounted in statement of profit and loss.

Remeasurements of defined benefit plan in respect of post employment and other long term benefits are charged to the other comprehensive income in the year
in which they occur. Remeasurements are not reclassified to statement of profit and loss in subsequent periods.