2 Material Accounting Policy Information

2.01 Basis of Preparation of Financial Statements

(a) Statement of Compliance with Ind AS

The Financial statements of the Company as at and for the year ended March 31, 2025 have been prepared in
accordance with the Indian Accounting Standards (hereinafter referred to as the “Ind AS”) as notified by the Ministry
of Corporate Affairs pursuant to Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting
Standards) Rules, 2015 and Companies (Indian Accounting Standards) Amendment Rules, 2016, as amended.

• "The financial statements have been prepared on accrual and going concern basis. The accounting policies are applied
consistently to all the periods presented in the financial statements 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. The financial statements provide comparative information in respect of the previous period.

The financial statements are presented in Indian Rupee (INR) and all values are rounded to the nearest millions (INR
000,000), except when otherwise indicated.

(b) Basis of measurement

The financial statements have been prepared on a historical cost convention on accrual basis, except for certain
financial assets and liabilities measured at fair value (refer accounting policy on financial instruments) that have been
measured at fair value or revalued as required by relevant Ind AS at the end of each financial reporting period, as
stated in the accounting policies set out below.

Historical cost is generally based on the fair value of the consideration given on the date of the transaction, in exchange

for goods and services. ,

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date, regardless of whether that price is directly observable or
estimated using another valuation technique. In estimating the fair value of an asset or a liability, the Company takes
into account the characteristics of the asset or liability if market participants would take those characteristics into
account when pricing the asset or liability at the measurement date.

In addition, for financial reporting purposes, fair value measurements are categorised into Level 1, 2, or 3 based on
the degree to which the inputs to the fair value measurements are observable and the significance of the inputs to the
fair value measurement in its entirety, which are described as follows:

Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can
access at the measurement date;

Level 2 inputs are inputs, other than quoted prices included within Level 1, that are observable for the asset or liability,
either directly or indirectly; and

Level 3 inputs are unobservable inputs for the asset or liability.

(c) Classification between Current and Non-current

The Company presents assets and liabilities in the Balance Sheet based on current/non-current classification.

An asset is treated as current when it is:

• Expected to be realised or intended to be sold or consumed in normal operating cycle;

• Held primarily for the purpose of trading;

• Expected to be realised within twelve months after the reporting period; or

• Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve
months after the reporting period.

All other assets are classified as non-current.

A liability is current when:

• It is expected to be settled in normal operating cycle;

• It is held primarily for the purpose of trading;

• It is due to be settled within twelve months after the reporting period; or

• There is no unconditional right to defer the settlement of the liability for at least twelve months after the
reporting period.

, The Company classifies all other liabilities as non-current.

• Deferred tax assets and liabilities are classified as non-current assets and liabilities. The operating cycle is the time

, • between the acquisition of assets for processing and their realisation in cash and cash equivalents. The Company

has identified twelve months as its operating cycle.

(d) Use of estimates

The preparation of financial statements in confermity with Ind AS requires the management to make estimate and
assumptions that affect the reported amount of assets and liabilities as at the Balance Sheet date, reported amount
of revenue and expenses for the year and disclosures of contingent liabilities as at the Balance Sheet date. The
estimates and assumptions used in the accompanying financial statements are based upon the Management's
evaluation of the relevant facts and circumstances as at the date of the financial statements. Actual results could differ
from these estimates.

Estimates and underlying assumptions are reviewed on a periodic basis. Revisions to accounting estimates, if any,
are recognized in the year in which the estimates are revised and in any future years affected.

Refer Note 3 for detailed discussion on estimates and judgments.

2.02 Property, plant and equipment

(a) Recognition and Measurement

All items of property, plant and equipment are initially measured at cost and subsequently it is measured at cost less
accumulated depreciation and impairment losses, if any. Cost comprises of purchase price and all costs incurred to
bring the assets to their current location and condition for its intended use. When significant parts of property, plant
and equipment are required to be replaced at intervals, the Company recognises such parts as individual assets with
specific useful lives and depreciates them accordingly. The Property, Plant and Equipments acquired in the business
combinations are accounted at fair value on the date of acquisition.

Any subsequent cost incurred is recognised in the carrying amount of the plant and equipment as a replacement if the
recognition criteria are satisfied. All other repair and maintenance costs are recognised in statement of profit and loss
as incurred.

Capital work in progress comprises cost of property, plant and equipment (including related expenses), that are not
yet ready for their intended use at the reporting date and it is carried at cost less accumulated impairment losses.

Gains or losses arising from derecognition of property, plant and equipment are measured as the difference between
the net disposal proceeds and carrying amount of the assets and are recognised in the statement of profit and loss
when the asset is derecognised.

Advances paid towards the acquisition outstanding at each balance sheet is classified as capital advances under
other non-current assets.

(b) Depreciation methods, estimated useful lives

The Company depreciates property, plant and equipment over their estimated useful lives using the written down
value method. The estimated useful lives of assets are as follows:

** 15 years considered for interior expenses for restaurants on owned premises.

*** 5 years considered for office equipments grouped in plant and machinery.

Depreciation on addition to property, plant and equipment is provided on pro-rata basis from the date of available for
use. Depreciation on sale/deduction from property plant and equipment is provided up to the date preceding the date
of sale, derecognition as the case may be.

Depreciation methods, useful lives and residual values are reviewed periodically at each financial year end and
adjusted prospectively, as appropriate.

2.03 Intangible Assets

Intangible assets are stated at acquisition cost, net of accumulated amortization. The intangible assets acquired in the
business combinations are accounted at fair value on the date of acquisition.

(a) Computer software

Costs associated with maintaining software programmes are recognised as an expense incurred.

The Company amortized intangible assets over their estimated useful lives using the straight line method. The
estimated useful lives of intangible assets are as follows:

(b) Intangible assets with finite lives are assessed for impairment whenever there is an indication that the intangible asset
may be impaired. The amortization period, the amortization method and residual value for an intangible asset with a
finite useful life are reviewed at least at each financial year end.

(c) An intangible asset is derecognised upon disposal (i.e., at the date the recipient obtains control) or when no future
economic benefits are expected from its use or disposal. Any gain or loss arising upon derecognition of the asset
(calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is included in
the statement of profit and loss when the asset is derecognised.

2.04 Foreign Currency Transactions and Balances

Transactions in foreign currency are recorded applying the exchange rate at the date of transaction. Monetary assets
and liabilities denominated in foreign currency, remaining unsettled at the end of the year, are translated at the closing
exchange rates prevailing on the Balance Sheet date. , ¹

Exchange differences arising on settlement or translation of monetary items are recognised in the Statement of Profit and
Loss.

Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing
at the date when the fair value was determined. Non-monetary items that are measured in terms of historical cost in a
foreign currency are not retranslated. The gain or loss arising on translation of non-monetary items measured at fair value
is treated in line with the recognition of the gain or loss on the change in fair value of the item (i.e., translation differences
on items whose fair value gain or loss is recognised in Other Comprehensive Income (OCI) or the Statement of Profit and
Loss are also reclassified in OCI or the Statement of Profit and Loss, respectively).

2.05 Fair value measurement

The Company measures financial instruments, such as, derivatives at fair value at each balance sheet date.

Fair value is the price that would be received on sell of an asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date. The fair value measurement is based on the presumption that the
transaction to sell the asset or transfer the liability takes place either:

? In the principal market for the asset or liability, or

? In the absence of a principal market, in the most advantageous market for the asset or liability accessible to the
Company.

The principal or the most advantageous market must be accessible by the Company.

The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing
the asset or liability, assuming that market participants act in their economic best interest.

A fair value measurement of a non-financial asset takes into account a market participant's ability to generate economic
benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset
in its highest and best use.

The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient data are
available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable
inputs. The Company's management determines the policies and procedures for fair value measurement such as valuation
of derivative instrument.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the
fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement
as a whole:

? Level 1: Quoted (unadjusted) market prices in active markets for identical assets or liabilities

• ? Level 2: Valuation techniques for which the lowest level input that is significant to the fair value measurement is

directly or indirectly observable.

? Level 3: Valuation techniques for which the lowest level input that is significant to the fair value measurement is
unobservable

2.06 Taxes

(a) Current tax

Current tax assets and liabilities are measured at the amount expected to be recovered or paid to the taxation
authorities. The tax rates and tax laws used to compute the amount are those that are enacted or substantively
enacted, at the year/period end date. Current tax assets and tax liabilities are offset where the entity has a legally
enforceable right to offset and intends either to settle on a net basis, or to realize the asset and settle the liability
simultaneously.

(b) Deferred tax

Deferred income tax is provided in full, using the balance sheet approach, on temporary differences arising between
the tax bases of assets and liabilities and their carrying amounts in financial statements. Deferred income tax is
also not accounted for if it arises from initial recognition of an asset or liability in a transaction other than a business
combination that at the time of the transaction affects neither accounting profit nor taxable profit (tax loss). Deferred
income tax is determined using tax rates (and laws) that have been enacted or substantially enacted by the end of
the year and are expected to apply when the related deferred income tax asset is realised or the deferred income tax
liability is settled.

Deferred tax assets are recognised for all deductible temporary differences and unused tax losses only if it is probable
that future taxable amounts will be available to utilize those temporary differences and losses.

Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax _# •
regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected
to be paid to the tax authorities

Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets
and liabilities and when the deferred tax balances relate to the same taxation authority. Current tax assets and tax
liabilities are offset where the entity has a legally enforceable right to offset and intends either to settle on a net basis,
or to realise the asset and settle the liability simultaneously.

Current and deferred tax is recognized in Statement of Profit and Loss, except to the extent that it relates to items
recognised in other comprehensive income or directly in equity. In this case, the tax is also recognised in other
comprehensive income or directly in equity, respectively.

2.07 Revenue from Operations

Revenue from contracts with customers is recognised when control of the goods or services are transferred to the customer
at an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or
services.

Revenue from sale of food and beverages

Revenue from sale of food and beverages is recognised at the time of underlying sale to the customer. Revenue is
measured at the fair value of the consideration received or receivable net of discounts, excluding taxes or duties collected
on behalf of the government. Goods and Service Tax (GST) and Value Added Tax (VAT) is not received by the Company
in its own account. Rather, it is tax collected on value added to the commodity by the seller on behalf of the government.
Accordingly, it is excluded from revenue.

Income from gift voucher

Gift voucher sales are recognised when the vouchers are redeemed, and the food and beverages are sold to the customer.

Income from royalty

Royalty arrangements based on sales are recognised at the time the underlying sales occur.

Interest income

Interest income in relation to financial instruments measured at amortised cost is recorded using the effective interest
rate (EIR). EIR is the rate that exactly discounts the estimated future cash payments or receipts over the expected life
of the financial instrument or a shorter period, where appropriate, to the gross carrying amount of the financial asset.
When calculating the EIR, the Company estimates the expected cash flows by considering all the contractual terms of the
• financial instrument. Interest income is included in other income in the Statement of Profit and Loss.

Dividend Income

• Dividend income is accounted for when the right to receive it is established.

2.08 Assets classified as held for sale

The Company classifies non-current assets (or disposal group) as held for sale if their carrying amounts will be recovered
principally through a sale rather than through continuing use.

The criteria for “held for sale” classification is regarded only when the asset is available for immediate sale in its present
condition, subject only to terms that are usual and customary for sales of such assets, its sale is highly probable; and it will
genuinely be sold, not abandoned. The Company treats sale of the asset (or disposal group) to be highly probable when:

? The appropriate level of management is committed to a plan to sell the asset,

? An active programme to locate a buyer and complete the plan has been initiated (if applicable),

? The asset is being actively marketed for sale at a price that is reasonable in relation to its current fair value,

? The sale is expected to qualify for recognition as a completed sale within one year from the date of classification , and

? Actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that
the plan will be withdrawn.

Non-current assets held for sale are measured at the lower of their carrying amount or fair value less costs to sell.
Property, plant and equipment and intangible assets once classified as held for sale are not depreciated or amortized.

2.09 Inventories

(a) Basis of Valuation

Inventories other than scrap materials are valued at lower of cost and net realizable value. The comparison of cost
and net realizable value is made on an item-by-item basis.

(b) Method of valuation

Cost of raw materials and traded goods are determined by using weighted average method and comprises all costs of
purchase, duties, taxes (other than those subsequently recoverable from tax authorities) and all other costs incurred
in bringing the inventories to their present location and condition. Net realisable value is the estimated selling price in
the ordinary course of business, less estimated costs of completion and the estimated costs necessary to make the
sale.

2.10 Leases

The Company as a lessee

The Company's lease asset classes primarily consist of leases for Machinery, factory shed and land. The Company
assesses whether a contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract
conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess
whether a contract conveys the right to control the use of an identified asset, the Company assesses whether: (i) the
contract involves the use of an identified asset (ii) the Company has substantially all of the economic benefits from use of
the asset through the period of the lease and (iii) the Company has the right to direct the use of the asset.

At the date of commencement of the lease, the Company recognizes a right-of-use asset (“ROU”) and a corresponding
lease liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less
(short-term leases) and low value leases. For these short-term and low value leases, the Company recognizes the lease
payments as an operating expense on a straight-line basis over the term of the lease.

Lease liabilities include the net present value of the following lease payments:

• fixed payments (including in-substance fixed payments)

• variable lease payment that are based on an index or a rate, initially measured using the index or rate as at the
commencement date

• amounts expected to be payable by the Company under residual value guarantees; and

• payments of penalties for terminating the lease, if the lease term reflects the Company exercising that option.

Right-of-use assets are measured at cost comprising the following:

• the amount of the initial measurement of lease liability

• any lease payments made on or before the commencement date

• any initial direct costs

• restoration costs

Where the rate implicit in lease is not readily available, an incremental borrowing rate is applied. This incremental rate
reflects the rate of interest that the lessee would have to pay to borrow over a similar term, with similar security, funds
necessary to obtain an asset of similar nature. Determination of incremental borrowing rate requires estimation.

Right-of-use assets are generally depreciated over the shorter of the asset's useful life and the lease term on a straight-line
basis. If the Company is reasonably certain to exercise a purchase option, the right-of-use asset is depreciated over the
underlying asset's useful life.

Lease liability and ROU asset have been separately presented in the Balance Sheet and lease payments have been
classified as financing cash flows.

2.11 Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions
of the instruments. Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are
directly attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and
financial liabilities at fair value through profit or loss (FVTPL)) are added to or deducted from the fair value of the financial
assets or financial liabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition
of financial assets or financial liabilities at fair value through profit or loss are recognised immediately in Statement of Profit
or Loss.

(a) Financial assets

(i) Initial recognition and measurement

At initial recognition, financial asset is measured at its fair value. In the case of a financial asset not at fair value
through profit or loss, transaction costs that are directly attributable to the acquisition of the financial asset are , •
added to the fair value of the financial asset. Transaction costs of financial assets carried at fair value through
profit or loss are expensed in profit or loss.

All regular way purchases or sales of financial assets are recognised and derecognised on a trade date basis.

Regular way purchases or sales are purchases or sales of financial assets that require delivery of assets within
the time frame established by regulation or convention in the marketplace.

(ii) Subsequent measurement

For purposes of subsequent measurement, financial assets are classified in following categories:

a) at amortized cost; or

b) at fair value through other comprehensive income; or

c) at fair value through profit or loss.

The classification depends on the entity's business model for managing the financial assets and the contractual
terms of the cash flows.

Amortized cost:

Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of
principal and interest are measured at amortized cost. Interest income from these financial assets is included in
finance income using the effective interest rate method (EIR).

The effective interest method is a method of calculating the amortised cost of a financial instrument and of
allocating interest income over the relevant period. The effective interest rate is the rate that exactly discounts
estimated future cash receipts (including all fees paid or received that form an integral part of the effective interest
rate, transaction costs and other premiums or discounts) through the expected life of the financial instrument, or,
where appropriate, a shorter period, to the net carrying amount on initial recognition.

Income is recognised on an effective interest basis for the financial instruments other than those financial assets
classified as at FVTPL. Interest income is recognised in Statement of Profit or Loss and is included in the “Other
income” line item

Fair value through other comprehensive income (FVOCI):

Assets that are held for collection of contractual cash flows and for selling the financial assets, where the
assets' cash flows represent solely payments of principal and interest, are measured at fair value through other
comprehensive income (FVOCI). Movements in the carrying amount are taken through OCI, except for the
recognition of impairment gains or losses, interest revenue and foreign exchange gains and losses which are
recognized in Statement of Profit and Loss. When the financial asset is derecognized, the cumulative gain or loss
previously recognized in OCI is reclassified from equity to Statement of Profit and Loss and recognized in other
gains/(losses). Interest income from these financial assets is included in other income using the effective interest
rate method.

, Fair value through profit or loss (FVTPL):

• Assets that do not meet the criteria for amortized cost or FVOCI are measured at fair value through profit or loss.

_B • Interest income from these financial assets are included in other income.

(iii) Impairment of financial assets

A financial asset is regarded as credit impaired when one or more events that may have a detrimental effect on
estimated future cash flows of the asset have occurred. The Company applies the expected credit loss model for
recognising impairment loss on financial assets (i.e. the shortfall between the contractual cash flows that are due
and all the cash flows (discounted) that the Company expects to receive).

(iv) Derecognition of financial assets

A financial asset is derecognized only when

a) the rights to receive cash flows from the financial asset is transferred or

b) retains the contractual rights to receive the cash flows of the financial asset, but assumes a contractual
obligation to pay the cash flows to one or more recipients.

Where the financial asset is transferred then in that case financial asset is derecognized only if substantially
all risks and rewards of ownership of the financial asset is transferred. Where the entity has not transferred
substantially all risks and rewards of ownership of the financial asset, the financial asset is not derecognized.

(b) Financial liabilities

(i) Initial recognition and measurement

Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss and
at amortized cost, as appropriate.

All financial liabilities are recognized initially at fair value and, in the case of borrowings and payables, net of
directly attributable transaction costs.

(ii) Subsequent measurement

The measurement of financial liabilities depends on their classification, as described below:

Financial liabilities at fair value through profit or loss

Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial
liabilities designated upon initial recognition as at fair value through profit or loss. Separated embedded derivatives
are also classified as held for trading unless they are designated as effective hedging instruments. Gains or
losses on liabilities held for trading are recognized in the Statement of Profit and Loss.

Financial liabilities at amortised cost

Financial liabilities that are not held for trading and are not designated as at FVTPL are measured at amortised cost
at the end of subsequent accounting periods. The carrying amounts of financial liabilities that are subsequently
measured at amortised cost are determined based on the effective interest method. Interest expense that is not
capitalised as part of costs of an asset is included in the 'Finance costs' line item.

The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating
interest expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated
future cash payments (including all fees and points paid or received that form an integral part of the effective
interest rate, transaction costs and other premiums or discounts) through the expected life of the financial liability,
or (where appropriate) a shorter period, to the gross carrying amount on initial recognition.

(iii) Derecognition

A financial liability is derecognized when the obligation under the liability is discharged, cancelled or expired.
When an existing financial liability is replaced by another from the same lender on substantially different terms,
or the terms of an existing liability are substantially modified, such an exchange or modification is treated as the
derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying
amounts is recognized in the Statement of Profit and Loss as finance costs.

2.12 Impairment of non-financial assets

• The Company assesses at each year end whether there is any objective evidence that a non financial asset or a group of

non financial assets is impaired. If any such indication exists, the Company estimates the asset's recoverable amount and
the amount of impairment loss.

An impairment loss is calculated as the difference between an asset's carrying amount and recoverable amount. Losses
are recognized in Statement of Profit and Loss and reflected in an allowance account. When the Company considers that
there are no realistic prospects of recovery of the asset, the relevant amounts are written off. If the amount of impairment
loss subsequently decreases and the decrease can be related objectively to an event occurring after the impairment was
recognised, then the previously recognised impairment loss is reversed through Statement of Profit and Loss.

The recoverable amount of an asset or cash-generating unit (as defined below) is the greater of its value in use and its fair
value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value
using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific
to the asset. For the purpose of impairment testing, assets are grouped together into the smallest group of assets that
generates cash in flows from continuing use that are largely independent of the cash inflows of other assets or groups of
assets (the “cash-generating unit”).