Note : 1
Significant Accounting Policies (A)   Basis of Accounting The financial statements are brpared under the historical cost convention, on the accrual basis of accounting to comply in all material aspects with the applicable accounting principles in India, the mandatory Accounting Standards ('AS') as brscribed under Section 133 of the Companies Act, 2013 ('the Act'), read with Rule 7 of the Companies (Accounts) Rules, 2014, the relevant provisions of the Act, the guidelines issued by the Securities and Exchange Board of India ('SEBI') and the Companies Act, 1956 to the extent relevant. Company's financial statements are brsented in Indian Rupees(`)whichis also its functional currency. (B)   Use of Estimates Preparation of financial statements is in conformity with generally accepted accounting Principles which encompasses applicable statutory provisions, regulatory framework and accounting standard. This requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent liabilities at the date of the financial statements and the results of operations during the period reported year end. Actual results could differ from the estimates and assumptions. Any revision to accounting estimates is recognized prospectively in the current and future periods.
(C)   Fixed Assets Tangible assets a.  Fixed assets are stated at cost of acquisition/construction less accumulated debrciation. The cost includes all br-operative expenses and the financing cost of borrowed funds relating to the construction period in the case of new projects and expansion of existing factories. Exchange differences arising on account of liabilities incurred for acquisition of Fixed Assets is adjusted to the carrying amount of related fixed assets. b. Profit or loss from disposal / scraping / write off / retirement of tangible assets are measured as the difference between the net disposal proceeds and the carrying amount of the assets and are recognised in the statement of profit and loss. c.  The cost of the fixed assets not ready for their intended use before such date, are disclosed as capital work-in progress. Capital Work in progress is carried at cost, comprising of direct cost, attributable interest and related incidental expenditure. Intangible assets a.  Intangible assets are stated at cost of acquisition less accumulated amortization
(D)  Debrciation The Company follow Straight Line Method of Debrciation in respect of all the assets. The Debrciation Charged on all Fixed Assets is on the basis of useful life specified in Part "C" of Schedule II to the Companies Act 2013, with effect from April 01, 2014. Debrciation for assets purchased / sold during the period is proportionately charged. Intangible assets are amortized over their respective individual estimated useful lives on a straight line basis, commencing from the date the asset is available to the Company for its use.
(E)  Investments
Long term Investment are stated at cost. Provision is made for diminution in the value of long- term investments only if such a decline is other than temporary in the opinion of the management. (F)  Inventories
Raw Materials, Packing Materials, Finished goods and Fuel are valued at cost or net realizable value, whichever is lower.
Stock of Solar Renewable Energy Certificates has been valued at minimum floor price.    During the year company changed its Finished goods valuation method. Earlier years Finished goods were valued at market price as reduced by VAT tax liveable thereon and now Finished goodshavebeen valued at cost or net realizable value, whichever is lower. As a consequence of change in valuation of Finished goods the value of said goods and profit got reduced by`42,91,969/-. (G)   Borrowing Cost Borrowing costs that are attributable to the acquisition or construction of qualifying assets are capitalized as part of the cost of such assets. A qualifying asset is one that necessarily takes substantial period of time to get ready for its intended use. All other borrowing costs are charged to Profit and Loss account. (H)   Retirement Benefits In accordance with the Indian Law, the company provides for gratuity, a defined benefit plan covering all office staff, who have completed more than five years of service with the company. The Company covers employees for this benefit under the Group Gratuity Scheme, which is currently with Life Insurance Corporation of India (LIC), and the provision required and payment is determined as per actuarial Valuation carried out by LIC at the end of the year. (I)   Impairment The Company assesses at each balance sheet date whether there is any indication that an asset, including Intangible, may be impaired. If any such indication exists, the Company estimates the recoverable amount of the Asset. If such recoverable amount of the asset or the recoverable amount of the cash generating unit to which the asset belongs is less than its carrying amount, the carrying amount is reduced to its recoverable amount. The reduction is treated as an impairment loss and is recognized in the statement of profit and loss. If at the balance sheet date there is an indication that if a brviously assessed impairment loss no longer exists, the recoverable amount is reassessed and the asset is reflected at the recoverable amount subject to a maximum of debrciable historical cost. An impairment loss is reversed only to the extent that the carrying amount of asset does not exceed the net book value that would have been determined; if no impairment loss had been recognized. (J)   Provisions, Contingent Liabilities and Contingent Assets Provisions is recognised in the accounts when there is a brsent obligation as a result of past event(s) and it is probable that an outflow of resources will be required to settle the obligation and a reliable estimate can be made. Contingent liabilities are disclosed unless the possibility of outflow of resources is remote. Contingent assets are neither recognised nor disclosed in the financial statements. (K)   Revenue Recognition Sales of goods are recognised at the point of raising of bill and dispatch of goods to the Customer. Sales are net of sales tax and adjustedfor trade discount and excise duty wherever applicable.Revenue from sale of Solar energy is accounted for on the basis of billing. Insurance, Duty Drawback and other claims are accounted for as and when admitted by the appropriate authorities. (L)  Foreign Currency Transaction (a) Transactions denominated in foreign currencies are recorded at the exchange rate brvailing on the date of the transaction or that approximates the actual rate at the date of the transaction. (b)  Monetary items denominated in foreign currencies at the year-end are restated at year end rates.  (c)  Any income or expense on account of exchange difference either on settlement or on translation is recognized in the statement of Profit and Loss, expect in case of long term  liabilities, where they relate to acquisition of fixed assets, in which case they are adjusted to the carrying cost of such assets. (M)   Taxation Income tax comprises of current tax and deferred tax. Provision for current income tax is made on the assessable income/benefits at the rate applicable to relevant assessment year. Deferred tax assets and liabilities are recognised for the future tax consequences of timing differences, subject to the consideration of prudence. Deferred tax assets and liabilities are measured using the tax rates enacted or substantively enacted by the Balance sheet date. The Carrying amount of deferred tax asset/liability are reviewed at each Balance sheet date and recognised and carried forward only to the extent that there is a reasonable certainty that the asset will be realized in future. (N)   Segment Reporting As the company's business activity falls within a single primary business "Eatable Products" the disclosure requirement of Accounting Standard (As-17) "Segment Reporting" issued by the Institute of chartered Accountants of India is not applicable. (O)   Earnings Per Share
Basic earnings per share is calculated by dividing the net profit for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period. The weighted average number of equity shares outstanding during the period and for all periods brsented is adjusted for events, such as bonus shares, other than the conversion of potential equity shares that have changed the number of equity shares outstanding, without a corresponding change in resources. For the purpose of calculating diluted earnings per share, the net profit for the period attributable to equity shareholders and the weighted average number of shares outstanding during the period is adjusted for the effects of all dilutive potential equity shares (P)  Cash and cash equivalents In the cash flow statement, cash and cash equivalents include cash in hand, Bank and term deposits with banks. (Q) Cash flow statement
	Cash flows are reported using indirect method, whereby net profits before tax is adjusted for the effects of transactions of a non-cash nature and any deferrals or accruals of past or future cash receipts or payments. The cash flows from regular revenue generating (operating activities), investing and financing activities of the Company are segregated.

As the company's business activity falls within a single primary business "Eatable Products" the disclosure requirement of Accounting Standard (As-17) "Segment Reporting" issued by the Institute of chartered Accountants of India is not applicable.