2 MATERIAL ACCOUNTING POLICIES
Material accounting policies used in preparation of the standalone financial statements have generally been
included in the relevant notes to the financial statements.
A BASIS OF PREPARATION AND MEASUREMENT
a Statement of compliance
The financial statements of the Company have been prepared in compliance with all material aspects of the
Indian Accounting Standards (Ind AS) as notified under Section 133 of the Companies Act, 2013, read with
the rules made thereunder and presentation and disclosure requirements of division II of Schedule III of the
Companies Act, 2013.
b Basis of measurement
The financial statements have been prepared on accrual and going concern basis under the historical cost
convention except for certain class of financial assets / liabilities, share based payments and net liability for
defined benefit plans that are measured at fair value. The accounting policies have been consistently applied
by the Company unless stated otherwise.
c Functional and Presentation Currency
The financial statements have been prepared and presented in Indian Rupees (H), which is also the Company's
functional currency.
d Rounding off
All amounts in the financial statement and accompanying notes are presented in H million and have been
rounded-off to one decimal place unless stated otherwise.
e Current and Non-current Classification
The Company has ascertained its operating cycle as 12 months for the purpose of current / non-current
classification of assets and liabilities. This is based on the nature of products and the time between
acquisition of assets for processing and their realisation in cash and cash equivalents.
f Measurement of Earnings before Interest, Tax, Depreciation and Amortisation [EBITDA]
For better understanding of the financial performance, the Company has chosen to present Earnings before
Interest, Tax, Depreciation and amortisation [EBITDA] as an additional information. EBITDA is derived from
Profit before Exceptional Items & Tax less Other income and adding back Finance costs (including the
interest cost on employee benefits plans) and Depreciation (including impairment on property, plant and
equipment) and amortisation.
g Use of Estimates and Judgement
The preparation of financial statements requires management to exercise judgement and make estimates
and assumptions that affects the reported amounts of revenue, expenses, assets and liabilities. These
estimates and assumptions are based on historical experience and various other factors that are believed to
be reasonable under the circumstances. Actual results may differ from these estimates. These estimates and
underlying assumptions are reviewed on a periodic basis. Revisions to accounting estimates are recognised
in the period in which the results are known / materialise.
The areas involving significant estimates and judgement include determination of useful life of property,
plant and equipment (refer Note 6), measurement of lease liabilities and right of use assets (refer Note 6),
measurement of defined benefit obligations (refer Note 32), recognition and measurement of provisions and
contingencies (refer Note 34) and recognition of deferred tax assets / liabilities (refer Note 36).
h Approval of financial statements
The financial statements of the Company for the year ended 31st March 2026 were approved for issue by the
Board of Directors on 21st April 2026.
B FOREIGN CURRENCY TRANSACTIONS
Transactions in foreign currency are initially recorded in the functional currency i.e. Indian Rupees (H) using the
exchange rate at the date of transaction.
Monetary items (i.e. receivables, payables) denominated in foreign currency are reported using the closing
exchange rate as on each Balance Sheet date.
The exchange difference arising on the settlement or reporting of monetary items at rates different from rates at
which these were initially recorded / reported in previous financial statements, are recognised in the statement of
profit and loss in the period in which they arise.
Also refer to accounting policy on 'Derivatives and Hedge accounting'. (refer Note 37 on financial instruments)
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