1. Company Overview

Our Company was incorporated as 'Sameera Homes Private Limited', Company under the Companies Act, 1956 pursuant to Certificate of Incorporation dated March 08, 2002 issued by the Registrar of Companies, Hyderabad, Andhra Pradesh. The name of our Company 'Sameera Homes Private Limited' was changed to "Sameera Infra Projects Private Limited" under the Companies Act, 2013 pursuant to a special resolution passed by our shareholders at the EGM held on January 25, 2020 and had obtained fresh vide Certificate of Incorporation dated February 11, 2020 issued by the Registrar of Companies, Hyderabad. Further, name of company "Sameera Infra Projects Private Limited" was changed to "Sameera Agro And Infra Private Limited" under the Companies Act, 2013 pursuant to a special resolution passed by our shareholders at the EGM held on January 28, 2023 and had obtained Certificate of Incorporation dated April 18, 2023 issued by the Registrar of Companies, Hyderabad, Telangana. Subsequently, our Company was converted into Public Limited Company and the name of the Company was changed from "Sameera Agro and Infra Private Limited" to "Sameera Agro And Infra Limited" under the Companies Act, 2013 pursuant to a special resolution passed by our shareholders at the EGM held on April 19, 2023 and had obtained fresh Certificate of Incorporation dated April 28, 2023 issued by the Registrar of Companies, Hyderabad, Telangana.

2. Basis of preparation

These financial statements have been prepared in accordance with the Generally Accepted Accounting Principles in India ('Indian GAAP') to comply with the Accounting Standards specified under Section 133 of the Companies Act,

2013, read with Rule 7 of the Companies (Accounts) Rules, 2014 and the relevant provisions of the Companies Act,

2013. The financial statements have been prepared on an accrual basis and under the historical cost convention.

The accounting policies adopted in the preparation of financial statements are consistent with those of previous year, except for the change in accounting policy explained below

3. Significant Accounting Policies

i) Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent asset and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during reporting period. Examples of such estimates include estimates of expected contract costs to be incurred to complete contracts, provision for doubtful debts, further obligations under employee retirement benefit plans and estimated useful life of fixed assets actual results could differ from these estimates. Any changes in estimates are adjusted prospectively.

ii) Revenue Recognition

Revenue from the sale of goods is recognized at the point of dispatch of materials to customers; income from turnkey services and Consultancy services are accounted on the basis of receipt of the contracts.

iv) Fixed Assets

Fixed Assets of the Company are stated in the books of account and disclosed in annual accounts at Historical Cost, which includes incidental cost related to acquisition and installation.

v) Inventories

Inventories are valued at lower of cost and net realizable value. Cost is determined on First in First out basis. Cost includes freight, non-refundable taxes and all other incidental expenses incurred to bring the inventories up to the Stores.

vi) Depreciation

Depreciation on Fixed Assets is provided using estimated useful life of the assets upto 95% of original cost of assets at the rates as derived under Schedule II of the Companies Act, 2013.

vii) Taxes on Income

Tax expense comprises current and deferred tax. Current income-tax is measured at the amount expected to be paid to the tax authorities in accordance with the Income-tax Act, 1961 enacted in India and tax laws prevailing in the respective tax jurisdictions where the company operates. The tax rates and tax laws used to compute the amount are those that are enacted or substantively enacted, at the reporting date.

The Accounting Standard 22"- Accounting for taxes on income, requires recognition of Defferred Tax Asset/Liability based on management estimation of effect reversible timing difference arising out of financial books and tax computation as per relevant Act. In the opinion of management no material reversible timing differences arise out of company's financials and it its tax assessment and accordingly no deferred tax Asset or Liability has been \ recognised in the books of accounts. The Accounting Standard 22"- Accounting for taxes on income, requires

II recognition of Defferred Tax Asset/Liability based on management estimation of effect reversible timing difference / arising out of financial books and tax computation as per relevant Act. In the opinion of management no material \ reversible timing differences arise out of company's financials and itlits ta*assessmepvt and accordingly no deferredCpjt tax Asset or Liability has been recognised in the books of accounts. j ^ [ CGvwi/ '*~^s

viii) Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss for the period attributable to equity shareholders by the weighted average number of equity shares outstanding during the period. For the purpose of calculating diluted earnings per share, the net profit or loss for the period attributable to equity shareholders and the weighted average number of shares outstanding during the period are adjusted for the effects of all dilutive potential equity shares.

ix) Provisions

The company recognizes a provision when there is a present obligation as a result of a past event and it is probable that it would involve an outflow of resources and a reliable estimate can be made of the amount of such obligation. Such provisions are not discounted to their present value and are determined based on the management's estimation of the obligation required to settle the obligation at the balance sheet date and adjusted to reflect management's current estimates. The company has discontinued the policy of carry forward of leave, hence the balances provision which was brought forward has been written back to the profit & loss statement_

C. Terms/rights attached to Equity Shares_

The company has only one class of equity shares having a par value of ?10 per share. Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Weting.

Ý Ijn the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets

r\ M

of the company, after distribution of all preferential arr punts. Thq distribution will be in proportion to^the pumbe|^/ of equity shares held by the shareholder._^ _S ' 1C (Vwnegto gw_

32. Figures for the previous year have been rearranged/ regrouped / recast wherever necessary to conform to the current year

presentation/ classification._

33. Figures represented in the financial statements has been rounded off to the nearest rupee_