Provisions

A provision is recognized when the Company has a present obligation as a result of past event, if it is probable that an outflow of
resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the
amount of obligation.
b Contingent Liability

Contingent Liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be
confirmed only on the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the
Company or a present obligation that arises from past events where it is either not probable that an outflow ofresources will be
required to settle or a reliable estimate of the amount cannot be made.
c Contingent Assets

Contingent Assets are neither recognized nor disclosed in the financial statements.

xv. SEGMENT REPORTING

The Company is engaged in manufacturing of a wide range of Solar Panels which includes Solar Module, Solar PCU, Solar Battery.
Considering the nature of Business and Financial Reporting of the Company, the Company is operating in only one segment.
Hence Segment reporting is not applicable.

xvi. CASH AND CASH EQUIVALENTS

Cash & cash equivalents comprise cash on hand and demand deposit with banks and corporations. The company considers all
highly liquid investments with a remaining maturity at the date of purchase of three months or less and that are readily
convertible to known amount of cash to be cash equivalents.

xvii. MISCELLANEOUS EXPENDITURE

(a) Preliminary expenses will be amortized over a period of 5 years to the project.

(b) Pre-operative expenditure incurred during the construction period will be capitalizes under the respective assets head as the
part of indirect construction cost to the extent the indirect expenses related to the assets. Other indirect expenditure incurred
during the construction period , which is not directly related to construction activity are capitalised in the assets.

(c) Deferred revenue expenditure, for which payment has been made on liability has been raised but benefit will arise for
subsequent period or period shall be changed in profit & loss accrued in equal amount upto five years.

xviii IPO EXPENSES

Expenses relates to IPO expenses under the companies act, 2013 have been expensed out of reserve & surplus (Security premium
of shares) of the Company.

xix STATEMENT OF CASH FLOW

Cash flows are reported using the indirect method, whereby profit/loss before tax is adjusted for the effects of transactions of non
cash nature and any deferrals or accruals of past or future cash receipts or payments. Cash flow for the year are classified by
operating, investing and financing activities of the Company are segregated.