Craftsman Automation Limited
Annexure V: Statement of Significant Accounting Policies
A. Corporate Information

Craftsman Automation Limited ("the Company") was converted into public limited company with effect from 04 May
2018. The company is engaged in the business of manufacturing engineering components, sub-assemblies, products
and rendering of contract manufacturing services to various industries. The Company was incorporated on 18 July
1986 as a private limited company. Restated Consolidated Financial Information comprise the Restated Consolidated
Statement of Assets and Liabilities as at 31 December 2020, 31 March 2020, 31 March 2019 and 31 March 2018, the
Restated Consolidated Statements of Profit and Loss (including other comprehensive income), the Restated
Consolidated Statement of Changes in Equity, the Restated Consolidated Cash Flow Statement for the nine month
period ended 31 December 2020 and for the years ended 31 March 2020, 31 March 2019 and 31 March 2018, the
Summary Statement of Significant Accounting Policies and other explanatory information (collectively, the "Restated
Consolidated Financial Information")

B. Significant Accounting Policies
B.1. Statement of Compliance

The Restated Consolidated Financial Information have been prepared in accordance with Indian Accounting Standards
(Ind AS) as prescribed under Section 133 of Companies Act, 2013("the Act"), as amended read with Companies (Indian
Accounting Standards) Rules, 2015. The presentation of the Restated Consolidated Financial Information is based on
Schedule III of the Act.

The Restated Consolidated Financial Information relates to the Company and have been specifically prepared for
inclusion in the red herring prospectus and the prospectus to be filed by the Company with the Securities and
Exchange Board of India (“SEBI”), National Stock Exchange of India Limited, BSE Limited and Registrar of Companies,
Tamil Nadu in connection with the proposed Initial Public Offering (‘IPO') of equity shares of the Company (referred to
as the "Issue").

The Restated Consolidated Financial Information has been prepared to comply, in all material respects, with the
requirements of Section 26 of Part I of Chapter III of the Act read with Companies (Prospectus and Allotment of
Securities) Rules, 2014 as amended by Companies (Prospectus and Allotment of Securities) Amendment Rules,
2018(“the Rules”) and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements)
Regulations, 2018, as amended from time to time in pursuance of provisions of Securities and Exchange Board of India
Act, 1992 (“ICDR Regulations”).

These Restated Consolidated Financial Information were approved by the Board of Directors of the Company in their
meeting held on 25 January 2021

The Restated Consolidated Financial Information of the Company has been compiled by the management of the
Company as follows:

As at and for the period/year ended 31 December 2020, 31 March 2020, 31 March 2019 and 31 March 2018 from
the audited consolidated financial statements of the Group as at and for the period / year ended 31 December
2020, 31 March 2020, 31 March 2019 and 31 March 2018 prepared in accordance with Indian Accounting
Standards (Ind AS) as prescribed under Section 133 of Companies Act 2013 read with Companies (Indian
Accounting Standards) Rules, 2015 and other relevant provisions of the Act, which have been approved by the
Board of Directors on 25 January 2021, 07 May 2020, 15 May 2019 and 03 July 2018 respectively.

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