Delton Cables Changes Accounting Policy for Land Valuation

Delton Cables Ltd. announced a change in its accounting policy for measuring land, a component of Property, Plant, and Equipment. The Board of Directors, based on the Audit Committee's recommendations, approved the shift from the historical cost approach to the revaluation model, effective from the financial year 2025-26. This change aligns with Ind AS 16, allowing for land to be measured at its fair value at the date of revaluation, less subsequent accumulated impairment losses. The revaluation will be conducted by an independent registered valuer with sufficient regularity. The resultant increase arising on revaluation has been recognised in Other Comprehensive Income and accumulated in equity under the heading "Revaluation Surplus".