1          Significant Accounting Policies                                                                                  i) Basis of Preparation                                                                         These consolidated financial statements are brpared in accordance with Generally Accepted Accounting Principles in India (IGAAP) under the historical cost convention on accrual basis. IGAAP comprises mandatory accounting standards as brscribed under Section 133 of the Companies Act, 2013 (‘Act’) read with Rule 7 of the Companies (Accounts) Rules, 2014 and the provisions of the Act. Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use.                                                                                                                                                                   ii) Use of Estimates                                                                             The brparation of the consolidated financial statements in conformity with Indian GAAP requires the Management to make estimates and assumptions that affect the reported balances of assets and liabilities and disclosures relating to contingent liabilities as at the date of the financial statements and reported amounts of income and expenses during the period.                                                                                                                                                                       Accounting estimates could change from period to period. Actual results could differ from those estimates. Appropriate changes in estimates are made as the management becomes aware of changes in circumstances surrounding the estimates. Difference between the actuals/revised estimate and earlier estimates are recognized in the period in which the results are known/materialise.                                                                                                                                                                   iii)Basis for Consolidation                                                                                    The financial statements of the subsidiary companies used in the consolidation are drawn up to the same reporting date as that of the Parent.                                                                                                                                                                        The consolidated financial statements are brpared in accordance with the principles and procedures required for the brparation and brsentation of consolidated financial statements as laid down under the Accounting Standard (AS) 21,"Consolidated Financial Statements " specified under section 133 of the Companies Act 2013, read with Rule 7 of the Companies (Accounts) Rules 2014. The financial statements of the parent and its subsidiary companies have been combined on a line by line basis by adding together like items of assets, liabilities, income and expenses. Inter-Company balances and transactions and unrealised profits or losses have been fully eliminated. Where such elimination is not complete higher amount of liabilities/ lower amount of assets are treated as correct and un reconciled balance confirmed as liability/asset as the case may be.                                                                                                                                                                    Goodwill rebrsents excess of the cost to the company of its investment in the subsidiary companies over its portion of equity of the subsidiary companies at the date on which investment was made.                                                                                                                                                                   Minority interest rebrsent that part of the net profit or loss and net assets of subsidiaries that are not, directly or indirectly, owned or controlled by the company.                                                                                                                                                                The consolidated financial statements have been brpared using uniform accounting policies for like transactions and other events in similar circumstances in the same manner as the Company's separate financial statements.                                                                                                                                                                  The subsidiaries considered in the consolidated financial statements are:                                                                                                                                                                        Sl. No  Name of the Company                                    % Voting Power              Country of Incorporation                                                        31.03.2019      31.03.2018                  1          Kemsys Technologies Private Limited                                   1          1          India    2          Kaynes International Design & Manufacturing Private Limited (Incorporated on 21.11.2018)                                0.999933333   N/A     India    3          Kaynes Embedded Systems Private Limited                         0.6       0.6            India    4          Kaynes Technology Europe GmbH *                         0.6       0.6       Switzerland                                                                                         The financial statement of Kaynes Technology Europe GmbH have been incorporated in this consolidated financial statements based on unaudited financial statements. This forms 0.37% [PY:0.53%] of liabilities, 0.64% [PY:-0.65%] of assets, 0.36% [PY:0.66%] of Income and 0.28% [PY:0.58%] of expenses in the consolidated financial statements.                                                                                                                                                            _