I. Provisions (other than for employee benefits)

A provision is recognised if, as a result of a past event,
the Company has a present legal or constructive
obligation that can be estimated reliably, and it is
probable that an outflow of economic benefits will
be required to settle the obligation. Provisions are
determined by discounting the expected future
cash flows (representing the best estimate of the
expenditure required to settle the present obligation at
the balance sheet date) at a pre-tax rate that reflects
current market assessment of the time value of money
and the risks specific to the liability. The unwinding of
the discount is recognised as finance cost. Expected
future operating losses are not provided for.

J. Revenue

The Company earns revenue from sale of products
in pain management, congestion management,
beverages, Women's Hygiene & Personal Care and
others. The Company also earns revenue from sale of
services in pain management.

Disaggregation of revenue

The Company disaggregates revenue from contracts
with customers by the nature of sale i.e. manufactured
and traded goods and based on the reporting segments
based on the information reviewed by the CODM.
The Company believes that this disaggregation is the
best description on how the nature, amount, timing
and uncertainty of our revenues and cash flows are
affected by industry, market and other economic
factors. Also refer note 22.

Variable consideration

If the consideration in a contract includes the variable
amount, the Company estimates the amount of
consideration to which it will be entitled in exchange
for transferring the goods to the customer. The
variable consideration is estimated at contract
inception and constrained until it is highly probable
that a significant revenue reversal in the amount of
cumulative revenue recognised will not occur when the
associated uncertainty with the variable consideration
is subsequently resolved.

Stockist incentives, claims and schemes

Arrangements with customers includes a provision for
stockist incentives, discount schemes and claims. In
those instances, where there is a valid expectation from
the customers to receive a incentive / discount / recover
claims, the amount of variable consideration which is
included in the transaction price may be constrained,
unless included in the net sales price only to the extent
that it is probable that a significant reversal in the
amount of the cumulative revenue recognised under
the arrangement will not occur in a future period. The
Company applies the most likely amount method for
determining the stockist incentives, discount schemes
and claims.

Contract balances
Contract assets

A contract asset is the right to consideration in
exchange for goods or services transferred to the
customer. If the Company performs by transferring
goods or services to a customer, before the customer
pays consideration or before payment is due, a contract
asset is recognised for the earned consideration that
is conditional.

Trade receivables

A receivable represents the Company's right to an
amount of consideration that is unconditional (i.e. only
the passage of time is required before payment of the
consideration is due). Refer to accounting policies of
financial assets - note 3C - financial instruments -
initial recognition and subsequent measurement.

Contract liabilities

A contract liability is the obligation to transfer goods
or services to a customer for which the Company has
received consideration (or an amount of consideration
is due) from the customer. If a customer pays
consideration before the Company transfers goods

or services to the customer, a contract liability is
recognised when the payment is made or the payment
is due (whichever is earlier). Contract liabilities are
recognised as revenue when the Company performs
under the contract.

Performance obligations and revenue recognition
policies

Revenue is recognised upon transfer of control of
promised products or services to customers in an
amount that reflects the consideration which the
Company expects to receive in exchange for those
products or services.

The following details provides information about the
nature and timing of the satisfaction of performance
obligations in contracts with customers, including
significant payment terms, and the related revenue
recognition policies.

i) Sale of goods and services

Nature and timing of satisfaction of performance
obligations, including significant payment terms

Revenue from sale of goods is recognized when
control of the products being sold is transferred to our
customer and when there are no longer any unfulfilled
obligations, depending on individual terms. The
performance obligations in our contracts are fulfilled at
the time of dispatch, delivery or upon formal customer
acceptance depending on customer terms. Revenue
towards satisfaction of performance obligation is
measured at the amount of transaction price (net of
variable consideration) allocated to that performance
obligation. The transaction price of the goods sold
and services rendered is net of variable consideration
on account of stockist incentives, discount schemes
and claims offered by the Company as part of the
contract and any taxes or duties collected on behalf
of the Government such as goods and services tax, etc.
Accumulated experience is used to estimate provision
for stockist incentives, discount schemes and claims.
Revenue is recognized to the extent that it is probable
a significant reversal will not occur. Invoice are usually
payable within the mutually agreed credit period
depending on individual customer terms.

Revenue from services is recognised in the accounting
period in which the services are rendered.

ii) Export incentives

Export incentives are recognized when the right
to receive credit as per the terms of the scheme is

established in respect of the exports made and when
there is no significant uncertainty regarding the
ultimate collection of the relevant export proceeds.

Determination of transaction price and allocation to
performance obligations

Revenue is measured based on the transaction price,
which is the consideration, adjusted for stockist
incentives, discount schemes and claims if any, as
specified in the contract with the customer. Revenue
also excludes taxes collected from customers.

Refer note 22 for reconciliation of revenue recognised
with contracted price.

K. Leases

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: (1)
the contract involves the use of an identified asset (2)
the Company has substantially all of the economic
benefits from use of the asset through the period of
the lease and (3) 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.

Certain lease arrangements includes the options to
extend or terminate the lease before the end of the
lease term. ROU assets and lease liabilities includes
these options when it is reasonably certain that they
will be exercised.

The right-of-use assets are initially recognized at cost,
which comprises the initial amount of the lease liability
adjusted for any lease payments made at or prior to the
commencement date of the lease plus any initial direct
costs less any lease incentives. They are subsequently
measured at cost less accumulated depreciation and
impairment losses.

Right-of-use assets are depreciated from the
commencement date on a straight-line basis over
the shorter of the lease term and useful life of the
underlying asset. Right of use assets are evaluated
for recoverability whenever events or changes in
circumstances indicate that their carrying amounts
may not be recoverable. For the purpose of impairment
testing, the recoverable amount(i.e. The higher of
the fair value less cost to sell and the value-in-use)
is determined on an individual asset basis unless the
asset does not generate cashflows that are largely
independent of those from other assets. In such cases,
the recoverable amount is determined for the Cash
Generating Unit (CGU) to which the asset belongs.

The lease liability is initially measured at amortized
cost at the present value of the future lease payments.
The lease payments are discounted using the interest
rate implicit in the lease or, if not readily determinable,
using the incremental borrowing rates in the country
of domicile of the leases. Lease liabilities are
remeasured with a corresponding adjustment to the
related right of use asset if the Company changes its
assessment if whether it will exercise an extension or
a termination option.

The Company determines its incremental borrowing
rate by obtaining interest rates from various external
financing sources and makes certain adjustments
to reflect the terms of the lease and type of the
asset leased.

Lease payments included in the measurement of the
lease liability comprise the following:

• fixed payments, including in-substance
fixed payments;

• variable lease payments that depend on an index or
a rate, initially measured using the index or rate as
at the commencement date;

• amounts expected to be payable under a residual
value guarantee; and

• the exercise price under a purchase option that
the Company is reasonably certain to exercise,
lease payments in an optional renewal period if
the Company is reasonably certain to exercise an
extension option, and penalties for early termination
of a lease unless the Company is reasonably certain
not to terminate early.

The lease liability is measured at amortised cost using
the effective interest method. It is remeasured when
there is a change in future lease payments arising from
a change in an index or rate, if there is a change in
the Company's estimate of the amount expected to
be payable under a residual value guarantee, if the
Company changes its assessment of whether it will
exercise a purchase, extension or termination option or
if there is a revised in-substance fixed lease payment.

The Company presents right-of-use assets that do not
meet the definition of investment property in ‘property,
plant and equipment' and lease liabilities separately in
the balance sheet within ‘Financial Liabilities'.

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

L. Recognition of interest income or expense

I nterest income or expense is recognised using the
effective interest method.

The ‘effective interest rate' is the rate that exactly
discounts estimated future cash payments or receipts
through the expected life of the financial instrument to:

- the gross carrying amount of the financial asset; or

- the amortised cost of the financial liability.

In calculating interest income and expense, the
effective interest rate is applied to the gross carrying
amount of the asset (when the asset is not credit-
impaired) or to the amortised cost of the liability.

However, for financial assets that have become credit-
impaired subsequent to initial recognition, interest
income is calculated by applying the effective interest
rate to the amortised cost of the financial asset. If the
asset is no longer credit-impaired, then the calculation
of interest income reverts to the gross basis.

M. Income tax

I ncome tax comprises current and deferred tax. It is
recognised in statement of profit and loss except to
the extent that it relates to a business combination
or to an item recognised directly in equity or in other
comprehensive income.

i) Current tax

Current tax comprises the expected tax payable or
receivable on the taxable income or loss for the year
and any adjustment to the tax payable or receivable in
respect of previous years. The amount of current tax
reflects the best estimate of the tax amount expected

to be paid or received after considering the uncertainty,
if any, related to income taxes. It is measured using tax
rates (and tax laws) enacted or substantively enacted
by the reporting date.

Current tax assets and current tax liabilities are
offset only if there is a legally enforceable right to
set off the recognised amounts, and it is intended to
realise the asset and settle the liability on a net basis
or simultaneously.

ii) Deferred tax

Deferred tax is recognised in respect of temporary
differences between the carrying amounts of assets
and liabilities for financial reporting purposes
and the corresponding amounts used for taxation
purposes. Deferred tax is also recognised in respect
of carried forward tax losses and tax credits.
Deferred tax is not recognised for:

(a) temporary differences on the initial recognition of
assets or liabilities in a transaction that:

- is not a business combination; and

- at the time of the transaction

(i) affects neither accounting nor taxable profit
or loss and

( ii) does not give rise to equal taxable and
deductible temporary differences

(b) temporary differences related to investments in
subsidiaries, associates and joint arrangements to
the extent that the Company is able to control the
timing of the reversal of the temporary differences
and it is probable that they will not reverse in the
foreseeable future; and

(c) taxable temporary differences arising on the
initial recognition of goodwill.

Deferred tax assets are recognised for unused
tax losses, unused tax credits and deductible
temporary differences to the extent that it is
probable that future taxable profits will be
available against which they can be used.
Future taxable profits are determined based
on the reversal of relevant taxable temporary
differences. If the amount of taxable temporary
differences is insufficient to recognise a deferred
tax asset in full, then future taxable profits,
adjusted for reversals of existing temporary
differences, are considered, based on the

business plans for individual subsidiaries in the
Company. Deferred tax assets are reviewed at
each reporting date and are reduced to the extent
that it is no longer probable that the related tax
benefit will be realised; such reductions are
reversed when the probability of future taxable
profits improves.

Deferred tax is measured at the tax rates that are
expected to apply to the period when the asset
is realised or the liability is settled, based on the
laws that have been enacted or substantively
enacted by the reporting date. The measurement
of deferred tax reflects the tax consequences
that would follow from the manner in which
the Company expects, at the reporting date, to
recover or settle the carrying amount of its assets
and liabilities. For this purpose, the carrying
amount of investment property is presumed to
be recovered through sale.

Deferred tax assets and liabilities are offset if there
is a legally enforceable right to offset current tax
liabilities and assets, and they relate to income
taxes levied by the same tax authority on the
same taxable entity, or on different tax entities,
but they intend to settle current tax liabilities
and assets on a net basis or their tax assets and
liabilities will be realised simultaneously.

N. Operating segment

Operating segments are reported in a manner
consistent with the internal reporting provided to
the Chief Operating Decision Maker (CODM) of the
Company. The CODM is responsible for allocating
resources and assessing performance of the operating
segments of the Company. For the disclosure on
reportable segments see note 36.

O. Cash and cash equivalents

Cash and Cash equivalents for the purpose of Cash
Flow Statement comprise cash and cheques in hand,
bank balances, demand deposits with banks where
the original maturity is three months or less and other
short term highly liquid investments.

P. Earnings per share
Basic Earnings Per Share

Basic earnings per share is calculated by dividing
the profit (or loss) attributable to the owners of the
Company by the weighted average number of equity
shares outstanding during the year. The weighted
average number of equity shares outstanding during
the year is adjusted for bonus issue, bonus element in
a rights issue to existing shareholders, share split and
reverse share split (consolidation of shares).

Diluted Earnings Per Share

Diluted earnings per share is computed by dividing the
profit (considered in determination of basic earnings
per share) after considering the effect of interest and
other financing costs or income (net of attributable
taxes) associated with dilutive potential equity shares
by the weighted average number of equity shares
considered for deriving basic earnings per share
adjusted for the weighted average number of equity
shares that would have been issued upon conversion
of all dilutive potential equity shares.

Q. Current/ Non-current classification

All assets and liabilities have been classified as
current and non-current as per the Company's normal
operating cycle. The Company has considered 12
months as the operating cycle

Non-current assets classified as held for sale are
measured at lower of their carrying amount and fair
value less costs to sell.

R. Contingent liability

Contingent liability is a possible obligation arising from
past events and whose existence will be confirmed
only by the occurrence or non-occurrence of one or
more uncertain future events not wholly within the
control of the entity or a present obligation that arises
from past events but is not recognized because it is
not probable that an outflow of resources embodying
economic benefits will be required to settle the
obligation or the amount of the obligation cannot be
measured with sufficient reliability. The Company
does not recognize a contingent liability but discloses
its existence in the financial statements.

S. Recent pronouncements

Ministry of Corporate Affairs ('MCA') notifies
new standards or amendments to the existing
standards under Companies (Indian Accounting
Standards) Rules as issued from time to time.
In May 2025, MCA notified amendments to Ind AS 21
- The Effects of Changes in Foreign Exchange Rates,
which clarifies adoption of reference rate for the
currency lacking exchangeability which is applicable
w.e.f. April 1, 2025. The Company has reviewed
the amendment and based on its evaluation has
determined that it does not have any significant impact
in its financial statements.

In August 2025, MCA notified the following

amendments to:

1. I nd AS 1, Presentation of Financial Statements,
applicable w.e.f. April 1, 2025 - The amendment
relates to classification of liabilities as current
or non-current and non-current liabilities with
covenants. In the context of classifying a liability
as current, it removes the requirement of existence
of a right to defer settlement for at least 12 months
after the reporting date and instead requires
that the said right should exist on the reporting
date and have substance. The amendment also
introduces guidance on classification of liabilities
with covenants. The Company has no impact of
these amendments in its classification criteria of
current and non-current liabilities.

2. Ind AS 7, Statement of Cash Flows and Ind AS 107,
Financial Instruments: Disclosures, applicable
w.e.f. April 1, 2025 - The amendment in Ind AS
7 requires to inform users of financial statements
of the existence of supplier finance arrangements
and explain the nature of the arrangements,
the carrying amount of liabilities and the range
of payment due dates. Ind AS 107 has been
amended to add supplier finance arrangements as
a factor that may cause concentration of liquidity
risk. The Company has reviewed the amendment
and based on its evaluation has determined that
it does not have any significant impact in its
financial statements.

b) Rights, preferences and restrictions attached to equity shares

The Company has only one class of shares referred to as equity shares having a par value of I1/-. Each holder of equity
shares is entitled to one vote per share. In the event of liquidation of the Company, the holders of equity shares will
be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution
will be in proportion to the number of equity shares held by the shareholders. The voting rights cannot be exercised
in respect of shares on which any call or other sums presently payable has not been paid. Failure to pay any amount
called up on shares may lead to their forfeiture.

B. Nature and purpose of reserves

a) Capital redemption reserve

The Company has recognised Capital redemption reserve on buyback of equity shares from its retained earnings. The
amount in this reserve is equal to nominal amount of the equity shares bought back.

b) General reserve

The Company has transferred a portion of the net profit of the Company before declaring dividend to General reserve
pursuant to the earlier provisions of Companies Act, 1956.

c) Retained earnings

Retained earnings are the profits that the Company has earned till date, less any transfers to general reserve, capital
redemption reserve, dividends or other distributions paid to shareholders.

For details about the related employee benefit expenses, see Note 26.

The Company operates the following post-employment defined benefit plans.

The Company has a defined benefit gratuity plan in India, governed by the Payment of Gratuity Act, 1972. The plan
entitles an employee, who has rendered at least five years of continuous service, to gratuity at the rate of fifteen
days wages for every completed year of service or part thereof in excess of six months, based on the rate of wages
last drawn by the employee concerned. These defined benefit plans expose the Company to actuarial risks, such as
longevity risk, interest rate risk and market (investment) risk. The plan is managed through 'Amrutanjan Health Care
Limited Employees Gratuity Fund'. The funds maintained by 'Amrutanjan Health Care Limited Employees Gratuity
Fund' represent plan assets for the Company.

A. Funding

The plan is fully funded by the Company. The funding requirements are based on the gratuity fund's actuarial
measurement framework set out in the funding policies of the plan. The funding of plan is based on a separate
actuarial valuation for funding purposes for which the assumptions may differ from the assumptions set out in
(E). Employees do not contribute to the plan. The Company expects to pay 1260.95 to defined benefit plan in
2026-27.

B. Reconciliation of the net defined benefit liability

The following table shows a reconciliation from the opening balances to the closing balances for the net defined
benefit liability and its components.

30 Share based payments

See accounting policy in Note 3(H)

During the financial year 2020-21, Amrutanjan's Board of Directors had approved the Amrutanjan Health Care Limited
Employee Stock Option Scheme (' Scheme 2020') for the grant of stock options to the selected employees of the
company. The Compensation Committee administers the plan through a trust established specifically for this purpose,
called Amrutanjan Health Care Limited ESOP trust ('ESOP trust'). Further, based on the recommendation of the
Compensation Committee, the Board of Directors of the Company has approved further grants under the scheme
mentioned above, at its meeting held on May 23, 2024.

The ESOP Trust shall make additional purchase of equity shares of the Company using the proceeds from the loan
obtained from the Company, other cash inflows from transfer of shares to employees under the ESOP Plan and shall
subscribe, when allotted to such number of shares as is necessary for transferring to the employees. The Compensation
Committee shall determine the exercise price which will not be less than the face value of the shares.

The trust had not purchased any shares from the market during the current year and in the previous year. The trust
has sold / transferred 1,978 shares (March 31, 2025: 6,591 shares) amounting to 116.72 (March 31, 2025: 155.70) at
an average rate of 1845.13/- per share (March 31, 2025: 1845.13/- per share) respectively. The value of the shares in
the Company held by the ESOP Trust has been disclosed as Treasury Shares in the statement of changes in equity.
The assets and liabilities of the trust is accounted for as assets and liabilities of the entity on the basis that the trust
is exclusively set up for the purpose of administering the ESOP plan of the Company.

Expected volatility is based on historical volatility of the market prices of the Company's publicly traded equity shares
during the expected term of the option grant.

The options under this grant (ESOP - 2 Scheme) would have a term of vesting to the employees ranging from 1-4 years.
The exercise window is for a maximum period of 7 months from the date of vesting. The vesting conditions include
service terms of employees and performance of the Company, based on turnover criteria. These options are issued
at a discount of 173.00/- per share from the closing share price as on May 22, 2024, the exercise price is 1657.00/-
per share.

Withdrawal of ESOP - 2 Scheme:

The Compensation Committee has withdrawn the 'ESOP 2 Scheme' due to non - satisfaction of vesting conditions
(Turnover) and unfavorable movement in the market price of the shares. In line with Ind AS 102, the impact of such
cancellation amounting to 1269.16 lakhs is recognised in the Statement of Profit and Loss such that the cumulative
expense reflects the cost of vested options, with a corresponding adjustment to share based payment reserve.

C. Financial risk management

The Company's business activities are exposed to a variety of financial risks, namely credit risk, liquidity risk and
market risk. The Company's management has the overall responsibility for establishing and governing the Company's
risk management framework. The Company's risk management policies are established to identify and analyse the
risks faced by the Company, to set and monitor appropriate risk limits and controls, periodically review the changes
in market conditions and reflect the changes in the policy accordingly. The key risks and mitigating actions are also
placed before the audit committee of the Company.

i. Credit risk

Credit risk is the risk of financial loss to the company if a customer or counterparty to a financial instrument
fails to meet its contractual obligations, and arises principally from Company's trade receivables and
other financial assets.

Investments

The Company limits its exposure to credit risk by investing in debt securities and minimum investment being made
in equity instruments. The credit worthiness of the counterparties of the investments made are evaluated by the
management on an ongoing basis and is considered to be good with low credit risk.

Trade receivables

The Company has developed guidelines for the management of credit risk from trade receivables. The Company's
exposure to credit risk is influenced mainly by the individual characteristics of each customer. The demographics of the
customer, including the default risk of the industry and country in which the customer operates, also has an influence
on credit risk assessment.

Credit risk is managed through credit approvals, establishing credit limits and monitoring the creditworthiness of
customers to which the Company grants credit terms in the normal course of business. The Company establishes
an allowance for doubtful debts that represents its estimate of incurred losses in respect of the Company's
trade receivables.

Exposures to customers outstanding at the end of each reporting period are reviewed by the Company to determine
incurred and expected credit losses.

Other financial assets

Other financial assets comprises of deposits with bank and financial institutions and interest accrued on such deposits
These deposits are held with credit worthy banks and financial institutions. The credit worthiness of such banks and
financial institutions are evaluated by the management on an ongoing basis and is considered to be good with low
credit risk.

Other financial assets also comprise of export benefits receivable and rental deposits given to lessors and Electricity
deposit given to Electricity Board. The Company is confident of collection the amounts and is considered to good with
low credit risk. The Company does not expect any losses from non-performance by these counter parties.

ii. Liquidity risks

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its
financial liabilities. The Company approach to managing liquidity is to ensure that it will have sufficient funds to meet
its liabilities when due without incurring unacceptable losses. In doing this, management considers both normal and
stressed conditions.

Cash flow from operating activities provides the funds to service and finance the financial liabilities on a
day-to-day basis.

The Company regularly monitors the rolling forecasts to ensure that it has sufficient cash on an on-going basis to meet
operational needs. Any short term surplus cash generated, over and above the amount required for working capital
management and other operational requirements, is retained as cash and cash equivalents (to the extent required) and
any excess is invested in interest bearing term deposits and other highly marketable debt investments with appropriate
maturities to optimise the cash returns on investments while ensuring sufficient liquidity to meet its liabilities.

iii. Market risks

Market risk is the risk of Loss of future earnings or fair values or future cash flows that may result from a change in the
price of a financial instrument. The value of a financial instrument may change as a result of changes in the interest
rates, foreign exchange rates and other market changes that affect market risk sensitive instruments. Market risk is
attributable to all market risk sensitive financial instruments including foreign currency receivables and payables. The
Company is exposed to market risk primarily related to foreign exchange rate risk (currency risk).

iv. Currency risk

The Company is exposed to currency risk to the extent that there is mismatch between the currencies in which sales,
purchase are denominated and the respective functional currencies of Company.

Foreign currency risk arise in transactions mainly from export of OTC products and import of plant & machinery, raw
materials and packing materials that gives rise to exchange rate fluctuation risk.

v. Price risk

The Company is mainly exposed to the other price risk due to its investment in mutual funds & bonds. The other price
risk arises due to uncertainties about the future market values of these investments. At March 31, 2025, the investments
in mutual funds & bonds amounts to 1307.40 (March 31, 2025; Nil ). These are exposed to price risk. The Group has
laid policies and guidelines which it adheres to in order to minimise price risk arising from investments in mutual funds.
A 1% increase/decrease in prices would increase/(decrease) the profit or loss by the amounts shown below.

33 Leases

(See accounting policy in Note 3(K))

The Company leases office buildings. The leases typically run for a period between 3 to 9 years, with an option to
renew the lease after that date. The Company leases certain office buildings with contract term less than one year.
These leases are short term and / or leases of low value items. The Company has elected not to recognise right-of-use
assets and lease liabilities for these leases.

Information about leases for which the company is a lessee is presented below.
i. Right-of-use assets

Following are the changes in the carrying value of right of use assets during year ended March 31, 2026
and March 31, 2025

(i) Pending resolution of the respective proceedings, it is not practicable for the Company to estimate the timings of cash
outflows, if any, in respect of the above as it is determinable only on receipt of judgements/decisions pending with
various forums/authorities. The Company has reviewed all its pending litigations and proceedings and has adequately
provided for where provisions are required and disclosed as contingent liabilities where applicable, in its financial
statements. The Company does not expect the outcome of these proceedings to have a materially adverse effect on
its financial position.

(ii) During the earlier year, the Company had paid an amount of 111 to the Commissioner, Panchayat Union Thiruporur
and during the prior years, the Company had paid an amount of 114.6 to Mamalapuram Urban Housing as contribution
towards Tamil Nadu State Shelter Fund and an amount of 119.60 towards obtaining DTCP (Department of Town and
Country Planning) approval for one of its Factories located in Alathur, Chennai, based on demand from the department.
With respect to the above, the amounts payable towards property tax and other fees, are yet to be ascertained by
the relevant authorities and the final assessment order is yet to be received by the Company. The Company could not
ascertain reasonably the further amount payable and hence has been disclosed as contingent liability.

(iii) During the financial year 2005-06, the Government of Tamil Nadu retrospectively revised the lease rent for a leasehold
land, effective from November 2001, by determining fair rent under Section 34A of the Tamil Nadu Hindu Religious
and Charitable Endowments Act, 1959. Pursuant to this revision, a demand notice was issued to the Company.
Accordingly, the Company had filed a Writ Petition before the High Court of Judicature, Madras challenging the fair
rent determination, contending that the revision was exorbitant and not legally tenable. On September 25, 2025,
the High Court of Judicature, Madras dismissed the petition and upheld the rent fixed by the Fair Rent Committee
constituted by the Government of Tamil Nadu. Based on the advice from the external consultant, the Company filed
an appeal on December 9, 2025 before the Division Bench of the High Court of Judicature, Madras and the appeal was
dismissed on March 16, 2026. Accordingly the Company has created a provision and presented under 'Exceptional Item'.
This is an one time impact as the possession of land was already handed over to the Government of Tamil Nadu
in May 2018.

36 Operating segments
A Basis for segmentation

An operating segment is a component of the Company that engages in business activities from which it may earn
revenues and incur expenses, including revenues and expenses that relate to transactions with any of the Company's
other components and for which discrete financial information is available. All operating segments operating results
are reviewed regularly by the Company's Chief Operating Decision-Maker (CODM) to make decisions about resources
to be allocated to the segments and assess their performance.

38 Exceptional Item:New Labour Code:

On November 21, 2025, the Government of India has notified four Labour codes - the Code on Wages, 2019, the
Code on Social Security, 2020, the Industrial Relations Code, 2020 and the Occupational safety, Health and Working
Conditions Code, 2020 - consolidating 29 existing labour laws. The Ministry of Labour & Employment publised draft
Central rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company
has assessed and disclosed for the incremental impact of these changes on the basis of best information available,
consistent with the guidance provided by the Institute of Chartered Accountants of India. Considering the materiality
and regulatory-driven, non-recurring nature of this impact, the Company has presented such incremental impact as
'Impact of new Labour Codes' under 'Exceptional items' in the financial results for the year ended March 31, 2026.
The incremental impact consisting of gratuity and leave encashment benefits of 1125.17 lakhs, primarily arising due to
change in wage definition. The Company continues to monitor the finalisation of Central/ State Rules and clarifications
from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the
basis of such developments as needed.

Lease rent:

During the financial year 2005-06, the Government of Tamil Nadu retrospectively revised the lease rent for a leasehold
land, effective from November 2001, by determining fair rent under Section 34A of the Tamil Nadu Hindu Religious
and Charitable Endowments Act, 1959. Pursuant to this revision, a demand notice was issued to the Company.
Accordingly, the Company had filed a Writ Petition before the High Court of Judicature, Madras challenging the fair
rent determination, contending that the revision was exorbitant and not legally tenable. On September 25, 2025, the
High Court of Judicature, Madras has dismissed the petition and upheld the rent fixed by the Fair Rent Committee
constituted by the Government of Tamil Nadu. Based on the advice from the external consultant, the Company has
filed an appeal on December 9, 2025 before the Division Bench of the High Court of Judicature, Madras and the appeal
was dismissed on March 16, 2026. Accordingly the Company has created a provision and presented under 'Exceptional
Item'. This is an one time impact as the possession of land was already handed over to the Government of Tamil Nadu
in May 2018.

39 Dues to micro and small enterprises - As per Micro, Small and Medium Enterprises Development
Act, 2006 ('MSMED' Act).

The Ministry of Micro, Small and Medium Enterprises has issued an office memorandum dated August 26, 2008
which recommends that the Micro and Small Enterprises should mention in their correspondence with its customers
the Entrepreneurs Memorandum Number as allocated after filing of the Memorandum in accordance with the Micro,
Small and Medium Enterprise Development Act, 2006 (‘the Act'). Accordingly, the disclosure in respect of the amounts
payable to such enterprises as at March 31, 2026 and March 31, 2025 has been made in the standalone financial
statements based on information received and available with the Company. Further in view of the Management,
the impact of interest, if any, that may be payable in accordance with the provisions of the Act is not expected to be
material. The Company has not received any claim for interest from any supplier as at the balance sheet date.

40 Other Statutory Information

a) The Company has not revalued its property, plant and equipment (including the right of use assets) and
intangible assets.

b) No proceedings have been initiated on or are pending against the Company for holding benami property under
the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder.

c) The Company does not have any borrowings from banks or financial institutions that are secured against
current assets.

d) The Company has not been declared as a wilful defaulter by any bank or financial institution or other lenders.

e) Compliance with clause (87) of section 2 of the Companies Act, 2013 read with Companies (Restriction on number
of Layers) Rules, 2017 with respect to layer of companies are not applicable to the Company.

f) The Company does not have any transactions with companies struck off under section 248 of the Companies
Act, 2013 or section 560 of Companies Act, 1956.

g) The Company do not have any charges or satisfaction which is yet to be registered with Registrar of companies
beyond the statutory period.

h) The Company has not entered into any scheme of arrangement as per sections 230 to 237 of the Companies
Act, 2013.

i) The Company has not advanced or loaned or invested (either from borrowed funds or share premium or any other
sources or kind of funds) to or in any other person(s) or entity(ies), including foreign entities ('Intermediaries'), with
the understanding, whether recorded in writing or otherwise, that the Intermediary shall directly or indirectly
lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company
('Ultimate Beneficiaries') or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

j) The Company has not received, from any person(s) or entity(ies), including foreign entities ('Funding Parties'), with
the understanding, whether recorded in writing or otherwise, that the Company shall directly or indirectly, lend
or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Parties
('Ultimate Beneficiaries') or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

k) The Company does not have any such transaction which is not recorded in the books of accounts that has been
surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such
as, search or survey or any other relevant provisions of the Income Tax Act, 1961.

l) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

m) The Company has a process whereby periodically all long term contracts (including derivative contracts) are
assessed for material foreseeable losses. At the year end, the Company has reviewed and there are no long term
contracts for which there are any material foreseeable losses.

41 Subsequent events

The Company has evaluated subsequent events from the balance sheet date through May 8, 2026, the date on which

the financial statements were authorised by the Board of Directors of the Company and determined that there are no

items to disclose.