Terms and rights attached to equity shares

The Company has only one class of shares referred to as equity shares having a par value of ' 2 each. Each shareholder of equity shares is entitled to one vote per share and an equal right to dividend.

The final dividend proposed to be distributed to equity shareholders for the year ended March 31, 2026 by the Board of Directors in their meeting held on May 06, 2026 is ' 4/- per share (Previous year ' 4.00 per share) and is subject to the approval of the Members in the ensuing Annual General Meeting.

13.8 Shares reserved for issue under options

Details of shares reserved under share based payment plans is disclosed in note 39.

13.9 Capital Management

For the Company's capital management, capital includes issued equity share capital, securities premium and all other equity reserves attributable to the shareholders. The primary objectives of the Company's capital management are to maximise the shareholder value and safeguard their ability to continue as a going concern. The funding requirements are generally met through operating cash flows generated. In order to fulfil its objective, the Company monitors capital using a gearing ratio which is net debt/ obligation divided by total equity. The Company policy is to keep the gearing ratio optimum.

(iv) Share based payment reserve

The Company has established various equity-settled share based payment plans for certain categories of employees of the Company. Refer note 39 for further details.

(v) Share application money pending allotment

The Company has established various equity-settled share based payment plans for certain categories of employees of the Company. This pertains to application money received from employees pending allotment and issue of shares under share based payment scheme.

(vi) Retained earnings

Retained earnings are the profits/(loss) that the Company has earned/incurred till date, less any transfers to general reserve, dividends or other distributions paid to shareholders. Retained earnings include re-measurement loss / (gain) on defined benefit plans, net of taxes that will not be reclassified to Statement of Profit and Loss.

(vii) Effective portion of cash flow hedges

The Company uses hedging instruments as part of its management of foreign currency risk associated with its highly probable forecast sales. For hedging foreign currency risk, the company uses forward contracts which are designated as cash flow hedges. To the extent this hedge is effective, the change in fair value of the hedging instruments is recognised in the effective portion of cash flow hedges. Amounts recognised in the effective portion of cash flow hedges are reclassified to profit or loss when the hedged item affects profit or loss.

4 Borrowings

(Unsecured, valued at amortised cost)

1. The Term loan of ' 140.34 million is obtained for the purchase of equipments. Total tenure of the loan is 3 years to 5 years and remaining maturity of the loan as on March 31, 2026 is upto 3 years with rate of interest of 4.07% p.a.

2. The Company has not defaulted on repayment of loan and interest. In the event of default, the equipments will be hypothecated by the financial institution.

29.2 Fair value hierarchy

Financial assets and liabilities include cash and cash equivalents, other balances with banks, trade receivables (including unbilled), other financial assets, trade payables and other financial liabilities whose fair values approximate their carrying amounts largely due to the short term nature of such assets and liabilities. Fair value of lease liabilities including Finance lease receivable approximate its carrying amounts, as lease liabilities are valued using the discounted cash flow method.

Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). This level of hierarchy include Company's over the counter (OTC) derivative contracts.

Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs).

The following methods and assumptions were used to estimate the fair values:

i) The fair value of the quoted bonds and mutual funds are based on price quotations at reporting date.

29.3 Financial risk management

The board of directors has overall responsibility for the establishment and oversight of the Company risk management framework. The board of directors has established the Risk Management Committees, which is responsible for developing and monitoring the Company's risk management policies. The Company has exposure to the following risks arising from financial instruments.

a. Credit risk

Credit risk is the risk of financial losses to the Company if a customer or counterparty to financial instruments fails to discharge its contractual obligations and arises primarily from the Company's receivables from customers amounting to ' 5,059.8 million and ' 2,591.7 million and unbilled revenue amounting to ' 2,419.69 million and ' 124.46 million as on March 31, 2026 and March 31, 2025 respectively. To manage this, the Company periodically assesses the key accounts receivable balances. Credit risk on derivative instruments is generally low as the company enters into derivative contracts

with reputed banks. As per Ind-AS 109 : Financial Instruments, the Company uses expected credit loss model to assess the impairment loss or gain.

The carrying amount of trade and other receivables and other financial assets represents the maximum credit exposure. i. Trade receivables

The management has established accounts receivable policy under which customer accounts are regularly monitored. The Company has a dedicated sales team at each geography which is responsible for collecting dues from the customer within stipulated period. The management reviews status of critical accounts on a regular basis.

iii. Cash and bank balances

The Company held cash and bank balances of ' 855.64 million and ' 1,738.76 million as on March 31, 2026 and March 31, 2025 respectively. The cash and bank balances are held with banks which have high credit ratings assigned by international credit rating agencies.

iv. Guarantees

The Company's policy is to provide financial guarantees on behalf of subsidiaries. The Company has issued the guarantees to certain banks in respect of credit facilities granted to its subsidiaries. There are no external borrowings in subsidiaries as on March 31, 2026 and March 31, 2025.

v. Investment

The Company invests surplus funds in mutual fund schemes, Index funds, bonds and fixed deposits with Banks and Financial Institutions. The mutual funds are regulated by Securities and Exchange Board of India(SEBI). The Company manages the risk through diversification and by placing limits on individual instruments. Investments of surplus funds are made only with approved counterparties having a good market reputation and within credit limits assigned to each counterparty.

. Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company's approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company's reputation.

The Company has a view of maintaining liquidity and to take minimum possible risk while making investments. In order to maintain liquidity, the Company invests its excess funds in short term liquid assets like liquid mutual funds and bonds.

c. Market risk

Market risk is a risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimizing the return.

i. Foreign currency risk

Significant portion of the Company's revenues are in foreign currencies, while a significant portion of the costs are in Indian rupee i.e. functional currency of the Company. The foreign currencies to which the Company is majorly exposed to are US Dollars, Euros and Pound Sterling.

The Company evaluates net exchange rate exposure based on current revenue projections and expected volatility in the market and covers its exposure as per ratios defined in treasury policy. For this purpose the Company uses foreign currency derivative instruments such as forward covers to mitigate the risk. The counterparty to these derivative instruments is a bank. The Company has designated derivative instruments as cash flow hedge to mitigate the foreign exchange exposure of highly probable forecasted cash flows.

b. Derivative assets and liabilities designated as cash flow hedges

In accordance with its risk management policy and business plan the Company has hedged its cash flows. The Company enters into derivative contracts to offset the foreign currency risk arising from the amounts denominated in currencies other than in Indian rupees. The counter party to the Company's foreign currency contracts is a bank. These contracts are entered into to hedge the foreign currency risks of firm commitments (sales orders) and highly probable forecast transactions. Hedge effectiveness is determined at the inception of the hedge relationship, and through periodic prospective effectiveness assessments to ensure that an economic relationship exists between the hedged item and hedging instrument, including whether the hedging instrument is expected to offset changes in cash flows of hedged items.

Terms and Conditions

(i) Remuneration pertains to short-term employee benefits other than gratuity and leave encashment since the same is computed for all employees of the Company as a whole and a separate actuarial valuation for the directors, key management personnel and their close members is not available.

(ii) The transactions with related parties are made on terms equivalent to those that prevail in arm's length transactions. Outstanding balances at the year end are unsecured with a short term duration unless otherwise stated and interest free except for loans, if any, and settlement occurs in cash. For the year ended March 31, 2026, the Company has not recorded any impairment of receivables relating to amount owed by related parties other than those disclosed separately above (March 31, 2025 Nil). This assessment is undertaken in each financial year through examining the financial position of the related party and the market in which the related party operates.

31 Disclosure as per the requirement of section 22 of the Micro, Small and Medium Enterprise Development Act, 2006:

a. Principal amount payable to Micro and Small Enterprises (to the extent identified by the Company from available information) as at March 31, 2026 is ' 21.24 million (trade payable: ' 17.30 million; payables in respect of fixed assets ' 3.94 million) [(Previous year - ' 3.45 million) (trade payable: ' 3.45 million; payables in respect of fixed assets ' Nil)]. Estimated interest due thereon is ' Nil (Previous year ' Nil).

b. Amount of payments made to suppliers beyond the appointed date during the year is ' 54.42 million (Previous year -' 47.07 million). Interest paid thereon is ' Nil (Previous year - ' Nil) and the estimated interest due and payable thereon is ' 1.60 million (Previous year - ' 1.11 million).

c. The amount of interest due and payable for the period of delay in making payment but without adding the interest specified under the Micro, Small and Medium Enterprises Development Act, 2006 is ' Nil .

d. The amount of estimated interest accrued and remaining unpaid as at March 31, 2026 is ' 8.13 million (Previous year ' 6.53 million).

e. The amount of further estimated interest due and payable for the period from April 01, 2026 to actual date of payment or May 06, 2026 (whichever is earlier) is ' Nil.

A receivable is a right to consideration that is unconditional upon passage of time. Revenue for time and material contracts are recognized as related services are performed. Revenue for fixed price maintenance and support services contracts is recognized on a straight line basis over the period of the contract. Revenues in excess of billings is recorded as unbilled revenue and is classified as a financial asset for these cases as right to consideration is unconditional upon passage of time.

Revenue recognition for fixed price contracts is based on percentage of completion method. Invoicing to the clients is based on milestones as defined in the contract. This would result in the timing of revenue recognition being different from the timing of billing the customers. Unbilled revenue for fixed price contracts is classified as non-financial asset as the contractual right to consideration is dependent on completion of contractual milestones.

Invoicing in excess of earnings are classified as unearned revenue.

Trade receivables are non-interest bearing and generally have a credit period of 60 days.

The unearned revenue primarily relate to the advance consideration received on contracts entered with customers for which no work is performed at the reporting date, and therefore revenue will be recognized when rights become unconditional.

e. Performance Obligation

While disclosing the aggregate amount of transaction price yet to be recognised as revenue towards unsatisfied (or partially) satisfied performance obligations, along with the broad time band for the expected time to recognise those revenues, the Company has applied the practical expedient in Ind AS 115. Accordingly, the Company has not disclosed the aggregate transaction price allocated to unsatisfied (or partially satisfied) performance obligations which pertain to contracts where revenue recognised corresponds to the value transferred to customer typically involving time and material, outcome based and event based contracts.

Unsatisfied (or partially satisfied) performance obligations are subject to variability due to several factors such as terminations, changes in scope of contracts, periodic revalidations of the estimates, economic factors (changes in currency rates, tax laws etc).

33 Details of employee benefits as required by Ind-AS 19 - “Employee benefits” are as under:

1 Defined contribution plan

Amount recognized as an expense in the Statement of Profit and Loss in respect of defined contribution plan is ' 740.76 million (Previous year ' 735.49 million ).This includes contributions towards Provident fund, Employee State Insurance Scheme, Labour Welfare Fund, and National Pension Scheme.

2 Defined benefit plan

Defined benefit plan - Funded

The Company provides for gratuity for employees in India as per the Payment of Gratuity Act, 1972. Gratuity is a benefit to an employee in India based on 15 days of last drawn salary for each completed year of service with a vesting year of 5 years.

These defined benefit plans expose the Company to actuarial risks, such as longevity risk and interest rate risk.

Sensitivity analysis indicates the influence of a reasonable change in certain significant assumptions on the outcome of the present value of obligation and aids in understanding the uncertainty of reported amounts. Sensitivity analysis is done by varying one parameter at a time and studying its impact.

Sensitivity analysis for each significant actuarial assumptions namely Discount rate and Salary assumptions have been shown in the table above at the end of the reporting period, showing how the defined benefit obligation would have been affected by the changes.

The method used to calculate the liability in these scenarios is by keeping all the other parameters and the data same as in the base liability calculation except the parameters to be stressed.

There is no change in the method from the previous period and the points / percentage by which the assumptions are stressed are same to that in the previous year.

The assumptions for mortality and attrition do not have a significant impact on the liability, hence are not considered a significant actuarial assumption for the purpose of sensitivity analysis.

Risk Exposure

The gratuity scheme is a salary defined benefit plan that provides for lump sum payment made on exit either by way of retirement, death, disability or voluntary withdrawal. The benefits are defined on the basis of final salary and the period of service and paid as lump sum at exit. The plan design means the risk commonly affecting the liabilities and the financial results are expected to be:

(a) Interest rate risk: The defined benefit obligation calculated uses a discount rate based on government bonds, if bond yield fall, the defined benefit obligation will tend to increase.

(b) Salary inflation risk: Higher than expected increases in salary will increase the defined benefit obligation.

(c) Demographic risk: This is the risk of variability of results due to unsystematic nature of decrements that include mortality, withdrawal, disability and retirement. The effect of these decrements on the defined benefit obligation is not straight forward and depends upon the combination of salary increase, discount rate and vesting criteria.

Segment information

Where a financial report contains both consolidated financial statements and separate financial statements of the parent, segment information needs to be presented only in case of consolidated financial statements. Accordingly, segment information has been provided only in the consolidated financial statements.

- The Company has lease contracts for office buildings and vehicles. The Company's obligations under its leases are secured by the lessor's title to the leased assets. The average period of lease is 7 years for office premises and 3 years for vehicles.

- There are several lease contracts that include extension and termination options and variable lease payments. The Company also has certain leases of buildings / guest houses with lease terms of 12 months or less and with low value. The Company has applied the ‘short-term lease' and ‘lease of low-value assets' recognition exemptions for these leases.

36 Finance Lease Receivable

The Company has entered into an arrangement with its customers where the Company will provide "End User Device Services" including supply of hardware (laptops, desktops and accompanying peripherals) as well as financing which addresses deployment, support, management and asset recovery at the end of the useful life of the asset. Based on the evaluation of the terms and condition of the arrangement such as lease term constituting the major part of the economic life of the asset, the fair value of the asset and that it has transferred significant risk and rewards in these assets to the customer, the lease arrangement has been classified as finance lease.

(i) Goods and Services Tax and Service tax matters

a. The Company has filed an appeal before Central Excise and Service Tax Appellate Tribunal against the order received from Commissioner of Central Excise & Service Tax, Pune I for the period April 2014 to March 2015 demanding service tax on:

- ' 169.34 million (Previous year ' 169.34 million) towards Service Tax on the amount received by branches from overseas clients on behalf of the Company, under the head ‘Business Auxiliary Services'.

- ' 13.07 million (Previous year ' 13.07 million) towards the amount of expenditure made in foreign currency.

b. During the year, the Company has received favourable order from Commissioner (Appeals), Central GST, Hyderabad for the period April 2018 to March 2020 (Previous year ' 7.56 million)

c. Department has filed an appeal against the Company in the following cases:

- ' 469.65 million (Previous year ' 469.65 million) towards Service Tax on the amount received by branches from overseas clients on behalf of the Company for the period October 2006 to March 2014, under the head ‘Business Auxiliary Services' and expenditure made in foreign currency in respect of category II and III services with the Hon'ble Supreme Court of India.

- ' 28.60 million (Previous year ' 28.60 million) towards Service Tax refund granted for the period April 2006 to March 2008 with the Hon'ble Bombay High Court.

(ii) Income tax matters

The Income Tax Department has filed appeals for various years with Hon'ble Delhi High Court predominantly contesting a) the set off of losses of STP unit against Non STP unit b) deduction claimed by the Company u/s 10A of the Income-tax Act, 1961 and c) the Arm's Length Price of the transactions entered with the related parties. The disputed tax amount is ' 364.64 million (previous year ' 235.93 million).

The Company has filed appeals with various appellate authorities for different assessment years. The key items for which appeals are filed are a) allowability of deduction claimed by the Company u/s 10A of the Income-tax Act, 1961 b) deduction under section 36 of the Income-tax Act, 1961, with respect to deposit of dues c) disallowance of rent equalization reserve d) tax withholding obligations e) disallowance of section 80G claim and f) Arm's Length Price of the transactions entered with the related parties. The disputed tax amount is ' 690.46 million (previous year ' 174.81 million).

(iii) Other matters

These matters pertain to the Transferor Company acquired pursuant to the composite scheme.

a. ' 19.47 million (previous year ' 19.47 million)(excluding interest) arising out of the Order passed by District Magistrate/Collector, Gautam Budha Nagar, imposing stamp duty of ' 12.98 million for alleged short payment of stamp duty along with penalty of ' 6.49 million in respect of the office space taken (since vacated) at D-195 , Sector 63 , Noida, Gautam Budha Nagar, Uttar Pradesh, India, by erstwhile Birlasoft (India) Ltd. (now merged with and into Birlasoft Limited). The matter has been remanded back by Hon'ble Supreme Court to Hon'ble Allahabad High Court for hearing it afresh. The matter is presently pending before Hon'ble Allahabad High Court.

b. ' 7.20 million (previous year ' 7.20 million) (excluding interest) arising out of the Order passed by Additional District Magistrate/Collector, Gautam Budha Nagar, imposing stamp duty of ' 6.20 million for alleged short payment of stamp duty along with penalty of ' 1.00 million in respect of the office space taken (since

39 Share based payments

1 Employee Stock Option Plan - 2015

The Board of Directors and the shareholders of the Company approved Employee Stock Option Plan at their meeting in April 2015 and August 2015, respectively. Pursuant to this approval, the Company instituted ESOP 2015 Plan in August 2015. The Nomination and Remuneration Committee of the Board of Directors of the Company ("the NRC") administers this Plan. Each option carries with it the right to purchase one equity share of the Company. The Options have been granted to employees of the Company and its subsidiaries at an exercise price that is not less than the fair market value. The vesting of the options is 30%, 30% and 40% of total options granted after end of first, second and third year respectively from the date of grant. The maximum exercise period is 5 years from the date of vesting.

The total number of options approved under Employees Stock Option Scheme -2015 are 2,500,000.

The expected price volatility is based on the historic volatility, adjusted for any expected changes to future volatility.

Employee Stock Option Plan -2006 and Employee Stock Option Plan - 2015 (Share based payment schemes of the Company) were administered by the Employee Welfare Trust (EWT). Under the Composite scheme of arrangement, 2019, the EWT was transferred to KPIT Technologies Limited (erstwhile KPIT Engineering Limited). Hence, Company has not done any further allotments against exercise of these options, as the same has been already allotted EWT during the previous years.

2 Share Incentive Plan - 2019

The Board of Directors and the shareholders of the Company approved another Employee Stock Option Plan at their meeting in November 2019. Pursuant to this approval, the Company instituted Share Incentive Plan 2019 in November 2019. The Nomination and Remuneration Committee of the Board of Directors of the Company (“the NRC") administers this Plan. Each option carries with it the right to purchase one equity share of the Company. The Options have been granted to employees of the Company and its subsidiaries at an exercise price that is not less than the face value of shares as on date of grant of such option. The vesting of the options is 50% and 50% of total options granted after end of second and third year respectively from the date of grant. The maximum exercise period is 4 years from the date of vesting.

The Company recorded an employee compensation cost of ' (1.17) million (Previous year ' 58.63 million) (net of cancellation) in the Statement of Profit and Loss.

The expected price volatility is based on the historic volatility, adjusted for any expected changes to future volatility.

3 Share Incentive Plan - 2019

The Board of Directors and the shareholders of the Company approved another Employee Stock Option Plan at their meeting in November 2019. Pursuant to this approval, the Company instituted Share Incentive Plan 2019 in November 2019. The Nomination and Remuneration Committee of the Board of Directors of the Company (“the NRC") administers this Plan. Each Restricted Stock Unit carries with it the right to purchase one equity share of the Company. The Units have been granted to employees of the Company and its subsidiaries at an exercise price that is not less than the face value of shares as on date of grant of such unit. The vesting of the options is 50% and 50% of total units granted after end of second and third year respectively from the date of grant. The maximum exercise period is 4 years from the date of vesting.

The total number of options approved under Share Incentive Plan 2019 are 1,648,300.

The fair value of each option is estimated on the date of grant using Black and Scholes option pricing model. There has been no grant of options under the plan for the year ended March 31, 2026 and March 31, 2025.

The Company recorded an employee compensation cost of ' Nil (Previous year ' Nil ) in the Statement of Profit and Loss. The expected price volatility is based on the historic volatility, adjusted for any expected changes to future volatility.

4 Share Incentive Plan - 2022

The Board of Directors and the shareholders of the Company approved Birlasoft Share Incentive Plan 2022 (“SIP 2022") at their meetings held on May 23, 2022 and August 03, 2022. The Nomination and Remuneration Committee of the Board of Directors of the Company (“the NRC") implements and administers this SIP 2022 Plan. Each Performance Stock Unit (“PSU") / Restricted Stock Unit (“RSU") collectively referred to as “Awards" carries with it the right to be converted into one equity share of the Company. The PSUs/RSUs have been granted to employees of the Company and its subsidiaries at an exercise price that is not less than the face value of shares as on date of grant of Awards. The vesting criteria of the Awards is determined by the NRC and is provided to employee in the Letter of Grant. The maximum exercise period is 4 years from the date of vesting.

The total number of options approved under Share Incentive Plan 2022 are 5,000,000.

The weighted average share price of the options exercised under Share Incentive Plan - 2022 (PSU) on the date of exercise during the year was ' 385.65 (Previous year ' 616.69).

The weighted average share price of the options exercised under Share Incentive Plan - 2022 (RSU) on the date of exercise during the year was ' 390.50 (Previous year ' 475.00).

42 The Company has used accounting software SAP Rise for maintaining its books of account which has a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the software, except that audit trail feature is not enabled at the database level (SAP HANA) insofar as it relates to SAP Rise accounting software. Further no instance of audit trail feature being tampered with was noted in respect of accounting software where the audit trail has been enabled.

Additionally, the audit trail of prior years has been preserved by the Company as per the statutory requirements for record retention to the extent it was enabled and recorded in the respective years.

43 MCA has amended Rule 3 of the Companies (Accounts) Rules, 2014 (the "Accounts Rules") relating to the mode of keeping books of account and other books and papers in electronic mode through an amendment on August 5, 2022. In compliance with the requirements of the amendment, the books of accounts and other relevant books and records are accessible in India at all times. Further, backup of books of account maintained in electronic form is kept in servers physically located in India on a daily basis.

44 Other statutory information as required by notification issued by Ministry of Corporate Affairs dated March 24, 2021 on amendments on Schedule III.

(i) The Company does not hold any Benami property and no proceedings have been initiated or pending against the Company for holding any Benami Property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the Rules made thereunder.

(ii) The Company does not have any transactions during the year or balances as at year end with struck off companies under Section 248 of the Companies Act, 2013 or Section 560 of the Companies Act, 1956.

(iii) The Company has not revalued its property, plant and equipment (including right-of-use assets) or intangible assets or both during the current or previous year.

(iv) The Company has not traded or invested in Crypto currency or Virtual Currency during the current or previous financial year.

(v) 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).

(vi) The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial year.

(vii) The Company has non-fund based working capital facilities from banks on the basis of security of current assets. The quarterly returns or statements of current assets filed by the Company with banks are in agreement with the books of accounts.

(viii) The Company has not been declared willful defaulter by any bank or financial institution or government or any government authority.

(ix) The Company has not advanced or loaned or invested funds to any persons or entities, including foreign entities (Intermediaries) with the understanding that the Intermediary shall:

a) 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

b) Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

(x) The Company has not received any fund from any persons or entities, including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

a) Directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

b) Provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

(xi) There are no loans or advances in the nature of loans either repayable on demand or without specifying any terms or period of repayment granted to promotors, directors, KMPs, and the related parties (as defined under the Companies Act, 2013), either severally or jointly with any other person.

45 Impact of New Labour Code

On November 21, 2025, the Government of India notified provisions of the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020, (‘Labour Codes') which consolidate twenty-nine existing labour laws into a unified framework governing employee benefits during employment and post-employment.

The Company has assessed the financial implications of these changes which has resulted in an increase in gratuity liability arising from past service cost and an increase in leave liability aggregating to ' 406.88 million (gratuity ' 32719 million and leave encashment ' 79.69 million) primarily due to changes in wage definition. Considering that the impact arising from the enactment of the new legislation is an event of a non-recurring nature, the Company has presented this incremental amount as "Impact of Labour Codes" under "Exceptional Item” in the Standalone Financial Statement for the year ended March 31, 2026.