| 1) Corporate information
VAS INFRASTRUCTURE LIMITED ('Company' or VIL') was incorporated on
February 11, 1994. VIL is a leading real estate developer engaged in
the business of construction, development, sale, management and
operation of all or any part of townships, housing projects, commercial
premises and other related activities.
2) Basis of preparation
The financial statements have been prepared to comply in all material
respects with the Accounting Standards specified under Section 133 of
the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 ("the
Act"). The financial statements have been prepared under thehistorical
cost convention on an accrual basis in accordance with accounting
policies have been consistently applied by the Company and are
consistent with those used in previous year, except for the change in
accounting policy explained in note 2.1 (a) below.
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