| Disclosure of accounting policies, change in accounting policies and changes in estimates explanatory 1. Significant Accounting PoliciesThe financial statements are brpared under historical cost convention in accordance with applicable accounting standards and provisions of the Companies Act, 1956. 1.2 Current Investments: Current investments are carried at lower of cost and fair value. 1.3 Revenue and Expenditure: These are recognised under accrual system of accounting. |