viii) Provisions, Contingent Liabilities and
Contingent assets

Provisions are recognised when there is a
present obligation (legal or constructive)
as a result of a past event, it is probable
that an outflow of resources embodying
economic benefits will be required to settle
the obligation and there is a reliable estimate
of the amount of the obligation. When a
provision is measured using the cash flows
estimated to settle the present obligation,
its carrying amount is the present value of
those cash flows (when the effect of the time
value of money is material). The discount
rate used to determine the present value is
a pre-tax rate that reflects current market
assessments of the time value of money and
the risks specific to the liability. The increase
in the provision due to the passage of time is
recognised as interest expense.

Contingent liabilities are disclosed when
there is a possible obligation arising from
past events, the existence of which will be
confirmed only by the occurrence or non¬
occurrence of one or more uncertain future
events not wholly within the control of the
company or a present obligation that arises
from past events where it is either not
probable that an outflow of resources will be
required to settle the obligation or a reliable
estimate of the amount cannot be made.

Contingent assets are disclosed when there
is a possible asset arising from past events,
the existence of which will be confirmed only

by the occurrence or non-occurrence of one
or more uncertain future events not wholly
within the control of the company.

ix) Revenue recognition

The Company derives revenue primarily by

providing Enterprise Geospatial & Engineering

Services and sale of software and electricity.

a) Revenue from enterprise geospatial &
engineering services:

Revenue is recognised when control of the
promised 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.

Arrangements with customers are either on
a fixed-price, fixed-timeframe or on a time-
and-material basis. Revenue is recognised
based on performance obligations satisfied
from the contracts; where the performance
obligations are satisfied over time and where
there is no uncertainty as to measurement
or collectability, consideration is recognized
as per the percentage-of-completion
method on the basis of cost incurred. When
there is uncertainty as to measurement or
ultimate collectability, revenue recognition is
postponed until such uncertainty is resolved.
Efforts or costs expended have been used to
measure progress towards completion as
there is a direct relationship between input
and productivity. Maintenance revenue is
recognized rateably over the term of the
underlying maintenance arrangement.

Revenues in excess of invoicing are classified
as contract assets (which The Company
refer as unbilled revenue) while invoicing in
excess of revenues are classified as contract
liabilities (which we refer to as unearned
revenue).

In determining the transaction price for the
sale of good or rendering of service, the
Company considers the effects of variable
consideration and provisional pricing, taking
into account contractually defined terms
of payment and excluding taxes or duties
collected on behalf of the government. The
Company considers whether there are other
promises in the contract that are separate
performance obligations to which a portion
of the transaction price needs to be allocated.

Contract modifications are accounted
for when additions, deletions or changes
are approved either to the contract scope
or contract price. The accounting for
modifications of contracts involves assessing
whether the services added to an existing
contract are distinct and whether the pricing
is at the standalone selling price. Services
added that are not distinct are accounted
for on a cumulative catch up basis, while
those that are distinct are accounted for
prospectively, either as a separate contract,
if the additional services are priced at the
standalone selling price, or as a termination
of the existing contract and creation of a
new contract if not priced at the standalone
selling price.

b) Sale of Software Products

Revenue is recognised when control of the
promised 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.

c) Sale of Electricity

Sale of electricity is recognised based on
electricity generated and eligible to be
invoiced during the reporting period.

d) Dividend

Dividend is recognised as income when the
Company's right to receive the dividend is
established by the reporting date.

e) Interest

Interest income from a financial asset is
recognised when it is probable that the
economic benefits will flow to the Company
and the amount of income can be measured
reliably. Interest income is accrued on a time
basis, by reference to the amortised cost and
at the effective interest rate applicable.

Dividend and interest income is included
under the head 'Other income' in the
statement of profit and loss.

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. Refer to accounting policies
of financial assets in note no. 2.2 (i) 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.

x) Foreign Currency Transactions & Translations

In preparing the financial statements of the
Company, transactions in currencies other than
the company's functional currency viz. Indian
Rupee are recognised at the rates of exchange
prevailing at the dates of the transactions. Foreign
exchange gains and losses resulting from the
settlement of such transactions and from the
translation of monetary assets and liabilities
denominated in foreign currencies at year end
exchange rates are recognised in statement of
profit and loss.

Exchange differences on monetary items are
recognised in statement of profit and loss in the
period in which they arise.

In case of an asset, expense or income where a
non-monetary advance is paid/received, the date
of transaction is the date on which the advance
was initially recognized. If there were multiple
payments or receipts in advance, multiple dates
of transactions are determined for each payment
or receipt of advance consideration.

xi) Taxes on Income

Tax expense for the period, comprising current tax
and deferred tax, are included in the determination
of the net profit or loss for the period. Current tax
is measured at the amount expected to be paid to
the tax authorities in accordance with the Income
Tax Act, 1961.

Deferred tax is recognised on temporary
differences between the carrying amounts of
assets and liabilities in the separate financial
statements and the corresponding tax bases used
in the computation of taxable profit. Deferred tax
liabilities are generally recognised for all taxable
temporary differences. Deferred tax assets are
generally recognised for all deductible temporary
differences to the extent that it is probable that
taxable profits will be available against which
those deductible temporary differences can be
utilised. Such deferred tax assets and liabilities
are not recognised if the temporary difference
arises from the initial recognition (other than in a
business combination) of assets and liabilities in a
transaction that affects neither the taxable profit
nor the accounting profit.

The carrying amount of deferred tax assets is
reviewed at the end of each reporting period and
reduced to the extent that it is no longer probable
that sufficient taxable profits will be available to
allow all or part of the asset to be recovered.

Deferred tax liabilities and assets are measured
at the tax rates that are expected to apply in the
period in which the liability is settled or the asset
realised, based on tax rates (and tax laws) that
have been enacted or substantively enacted by
the end of the reporting period.

Current and deferred tax are recognised in profit
or loss, except when they relate to items that
are recognised in other comprehensive income
or directly in equity, in which case, the current
and deferred tax are also recognised in other
comprehensive income or directly in equity
respectively. Where current tax or deferred tax
arises from the initial accounting for a business
combination, the tax effect is included in the
accounting for the business combination.

Current tax assets and current tax liabilities are
offset when there is a legally enforceable right
to set off the recognised amounts and there is
an intention to settle the asset and the liability
on a net basis. Deferred tax assets and deferred
tax liabilities are offset when there is a legally
enforceable right to set off assets against liabilities
representing current tax and where the deferred

tax assets and the deferred tax liabilities relate to
taxes on income levied by the same governing
taxation laws.

xii) Cash and Cash Equivalents

Cash and cash equivalents in the Balance Sheet
comprise cash at banks, cash on hand and
short-term deposits with an original maturity
of three months or less, which are subject to an
insignificant risk of changes in value.

For the purpose of the statement of cash flows,
cash and cash equivalents consist of cash
and short-term deposits, as defined above,
net of outstanding bank overdrafts as they are
considered an integral part of the Company's cash
management.

xiii) Deferred Revenue and Unbilled Revenue

Amounts received from customers or billed to
customers, in advance of services performed are
recorded as deferred revenue under Other Current
Liabilities. Unbilled revenue included in Current
Financial Assets, represents amounts recognised
in respect of services performed in accordance
with contract terms, not yet billed to customers
as at the year end.

xiv) Dividend Distribution:

Annual dividend distribution to the shareholders
is recognised as a liability in the period in which
the dividends are approved by the shareholders.
Any interim dividend paid is recognised on
approval by Board of Directors. Dividend payable
and corresponding tax on dividend distribution is
recognised directly in other equity.

xv) Fair value measurement:

The Company measures financial instruments at
fair value at each Balance Sheet date.

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. The fair value measurement
is based on the presumption that the transaction
to sell the asset or transfer the liability takes place
either:

a) In the principal market for the asset or
liability, or

b) In the absence of a principal market, in the
most advantageous market for the asset or
liability.

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,
maximising the use of relevant observable inputs
and minimising the use of unobservable inputs.

All assets and liabilities for which fair value is
measured or disclosed in the financial statements
are categorised within the fair value hierarchy.

2b) Critical accounting judgements and key sources of
estimation uncertainties

The preparation of the financial statements in
conformity with Ind AS requires the Management to
make estimates and assumptions considered in the
reported amounts of assets and liabilities (including
contingent liabilities) and the reported income and
expenses during the year. The Management believes
that the estimates used in preparation of the financial
statements are prudent and reasonable. Future results
could differ due to these estimates and the differences
between the actual results and the estimates are
recognised in the periods in which the results are
known / materialise.

(i) Revenue Recognition: The Company uses the
percentage-of-completion method in accounting
for its fixed-price contracts. The use of the
percentage-of-completion method requires the
Company to estimate the efforts or costs
expended to date as a proportion of total efforts or
costs to be expended. Efforts or costs have been
used to measure progress towards completion
as there is direct relationship between input and
productivity. Provisions for estimated losses, if any,
on uncompleted contracts are recorded in their
period in which such losses become probable
based on the expected contract estimates at the
reporting date.

(ii) Expected Credit Loss: The Company applies
Expected Credit Loss (ECL) model for measurement
and recognition of impairment on financial assets.
The Company measures the ECL associated with
its assets based on historical trend, industry
practices and the business environment in which
entity operates or any other appropriate basis. For
trade receivables, the Company follows 'simplified
approach' for recognition of impairment loss

allowance. As a practical expedient, the Company
uses a provision matrix to determine impairment
loss allowance on portfolio of its trade receivables.
The provision matrix is based on historically
observed default rates over the expected life of
the trade receivables and is adjusted for forward¬
looking estimates. At every reporting date, the
historical observed default rates are updated
and changes in forward-looking estimates are
analysed.

(iii) Useful life of Assets:

Depreciation is derived after determining an
estimate of an asset's expected useful life and
the expected residual value at the end of its life.
The useful lives and residual values of Company's
assets are determined by management at the time
the asset is acquired and reviewed periodically,
including at each financial year end. The lives are
based on historical experience with similar assets
as well as anticipation of future events, which may
impact their life, such as changes in technology.

(iv) Defined benefit plans:

The cost of the defined benefit plans and the
present value of the defined benefit obligation are
based on actuarial valuation using the projected
unit credit method. An actuarial valuation involves
making various assumptions that may differ from
actual developments in the future. These include
the determination of the discount rate, future
salary increases and mortality rates. Due to the
complexities involved in the valuation and its
long-term nature, a defined benefit obligation is
highly sensitive to changes in these assumptions.
All assumptions are reviewed at each reporting
date.

2(c) 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. The Company has reviewed
these amendments and determined that there is no
material impact on the financial statements.

(i) Ind AS 1, Presentation of Financial Statements

The amendment refines the criteria for classifying
liabilities as current or non-current. It clarifies
that a right to defer settlement of a liability for
at least 12 months after the reporting period
must exist at the end of the reporting period and
have substance. The amendment also introduces
explicit guidance on how compliance with
covenants affects the classification of liabilities.

(iii) Ind AS 21, The Effects of Changes in Foreign
Exchange Rates

The MCA notified amendments to Ind AS
21 to specify how an entity should assess
whether a currency is exchangeable and how
it should determine a spot exchange rate when
exchangeability is lacking. The amendments
require disclosures that enable users of financial
statements to understand how a lack of currency
exchangeability affects, or is expected to affect,
the entity's financial performance, financial
position, and cash flows.

The amendments are effective for annual
reporting periods beginning on or after April 01,
2025.

18.02 During the previous year, as approved by the shareholders of the Company:

i. The Company had allotted 11,01,749 Equity Shares of Face Value of ' 10 each at an issue price of ' 559.90 per
equity share (including a premium of ' 549.90 per Equity Share) which resulted into increase of paid-up Equity
Share Capital of ' 110 Lakhs and Security Premium of ' 6,059 Lakhs.

ii. The Company had allotted 30,96,515 Shares Warrants, convertible into equivalent number of equity shares, at
an issue price of ' 559.90 per share warrant, aggregating to ' 17,337 Lakhs, on preferential basis. Against these
Shares Warrants 25% of issue price amounting to ' 4,334 Lakhs had been received.

iii. As on March 31,2025, out of the above proceeds, the unutilised amount of ' 10,502 Lakhs is either invested in
term deposits or lying in the current account with the Bank.

18.03 During the year:

i. The Company received the balance 75% of the issue price from the allotee of the share warrants aggregating to
' 13,003 Lakhs. The Company has allotted 30,96,515 Equity Shares pursuant to conversion of 30,96,515 Share
Warrants at an issue price of ' 559.90/- aggregating to ' 17,337 Lakhs, on a preferential basis to certain non¬
Promoter and Promoter and Promoter Group. As a result of, the Equity Share Capital is increased by ' 310 Lakhs
and Securities Premium increased by ' 17,028 Lakhs.

ii. As on March 31,2026, out of the above proceeds, the unutilised amount of '23,505 Lakhs (' 13,003 Lakhs i.e. 75%
receipt as above and ' 10,502 Lakhs of previous year) is either invested in term deposits or lying in the current
account with the Bank.

18.04 Out of the options granted during the previous year:

i. 4,00,000 options were granted to an eligible employee of the Company pursuant to the "Ceinsys Employee Stock
Incentive Scheme 2024”. During the year, the options are vested and exercised and the same are allotted on
July 14, 2025. As a result, the Equity Share Capital is increased by ' 40 Lakhs and due to transfer of Share Based
Payment Reserve, the Securities Premium increased by ' 1,639 Lakhs.

ii. 2,00,000 options were granted to an eligible employee of a foreign subsidiary pursuant to the "Ceinsys Employee
Stock Option Plan 2024”. The vesting was subject to achieving the performance parameters by the geospatial
operations in that subsidiary company. Accordingly, on July 13, 2025, as per the terms and condition of vesting
of options, the Management of the Company measured the performance parameters and since it is not fulfilled,
the options got cancelled.

18.05 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 ' 10/- per share. The
dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuring annual
general meeting. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive
any of the 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. Every holder of equity share present at a meeting
in person or by proxy, is entitled to one vote, and upon a poll each share is entitled to one vote.

Nature and purpose of Reserve
Securities Premium

Securities premium is used to record the premium on issue of shares. It shall be utilised in accordance with the provisions
of the Companies Act, 2013.

General Reserve

General Reserve was created out of the profit of the Company. It shall be utilised in accordance with the provisions of the
Companies Act, 2013.

Retained Earnings

Retained Earnings represent the accumulated Profits / (losses) made by the company over the years.

Share Based Payment Reserve

Share based payment reserve is created against "Ceinsys Employee Stock Incentive Scheme 2024 (ESIS)” & "Ceinsys
Employee Stock Option Plan 2024 (ESOP)” and will be utilised against exercise of the option by the employees on issuance
of the equity shares.

Other Comprehensive Income

Other Comprehensive Income (OCI) represents the amount recognised in other equity consequent to remeasurement of
Defined Benefit Plan.

23.06: The Company has been advised by a legal as well as tax experts that in respect of ESOP granted to employees the
difference between the perquisite value in the hand of such employees and the fair value of the ESOP on the date
of grant is an allowable expenditure while determining the tax liability. Accordingly, an amount of ' 3,643 Lakhs
being the difference between the perquisite value in the hand of an eligible employee and fair value on date of
grant has been consider as an allowable expenditure for the purpose of current tax expenses for the year ended
March 31,2026.

24.01 The Working Capital facilities from Banks:

i. ' 2,840 (March 31,2025: ' 3,066 Lakhs) is secured by the way of Hypothecation of Inventory and Book Debts, also the
following properties are collaterized by simple mortgage: 1) Immovable property owned by Promoters located at Flat
No. 501, Fifth Floor in Hiteshree Height, Plot No. 08, Khare town, Dharampeth, Nagpur. 2) Land & Building on Plot No.
10/5, IT Park of MIDC, South Ambazari Road, Mauza Parsodi, infront of VNIT Institute, Tal & Dist . Nagpur. 3) Unit No. 414,
4^th Floor, Tantia Jogani Indl. Premises Co-Op Soc. Ltd. J. R Boricha Marg, Sitaram Mill Compound, Lower Parel, Mumbai.
4) Cash collateral in the form of Fixed Deposit of ' 1,215 Lakhs. 5) Pledge of Equity shares of the Company held by
Raghav Infradevelopers & Builders Private Limited (Promoter Group Company) 6) Personal Guarantee of Director &
their relative. This Working Capital Loan carries interest at the rate of 8.65% p.a.

ii. ' 69 (March 31,2025: 473 Lakhs) is secured by the way of Fixed Deposit of ' 492 Lakhs. This Overdraft limit carries
interest at the rate of 7.60% p.a.

29.06 Transaction price allocated to the remaining performance obligations

The aggregate amount of the transaction price allocated to the performance obligations that are unsatisfied (or partially
unsatisfied) as of March 31,2026 amounts to ' 71,107 Lakhs (March 31,2025 : ' 85,866 Lakhs). The remaining performance
obligation are subject to change and are affected by several factors including terminations, change in scope of contract,
periodic revalidations, adjustment for revenue that has not materialised.

The management of company expects that above 60 to 70% of the unsatisfied performance obligation will be recognised
as revenue during the next reporting period with balance in future reporting periods thereafter.

33.01 As per Ind AS-19 “Employee Benefits” The Disclosure of Employee Benefit as defined in the IND AS are given Below:
(A) Defined Contribution Plan:

The Company's defined contribution plans are Provident Fund, Employees State Insurance Fund and Employees'
Pension Scheme (under the provisions of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952).
The Company has no further obligation beyond making the contributions to such plans.

The above sensitivity analysis are based on change in an assumption while holding all other assumptions constant. In
practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. When calculating the
sensitivity of the defined benefit obligation to significant actuarial assumptions the same method (present value of
the defined benefit obligation calculated with the projected unit credit method at the end of the reporting period) has
been applied as when calculating the defined benefit liability recognised in the balance sheet.

The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority, promotion
and other relevant factors, such as supply and demand in the employment market.

33.03: Risk exposures
Investment risk

The present value of the defined benefit plan liability is calculated using a discount rate which is determined by
reference to market yields at the end of the reporting period on government bonds. Plan investment is a qualifying
insurance policy with the LIC of India.

Interest risk

A decrease in the bond interest rate will increase the plan liability; however, this will be partially offset by an increase
in the return on the plan's investments.

Longevity risk

The present value of the defined benefit plan liability is calculated by reference to the best estimate of the mortality of
plan participants both during and after their employment. An increase in the life expectancy of the plan participants
will increase the plan's liability.

Salary risk

The present value of the defined benefit plan liability is calculated by reference to the future salaries of plan participants.
As such, an increase in the salary of the plan participants will increase the plan's liability.

Gratuity and Leave plans typically expose the Company to actuarial risks such as: investment risk, interest rate risk,
longevity risk and salary risk.

The Company has no legal obligation to settle the deficit in the funded plan (Gratuity) with an immediate contribution
or additional one off contributions. The Company intends to continue to contribute the defined benefit plans in line
with the insurer's latest recommendations.

33.04 Details of Asset-Liability Matching Strategy:-

Gratuity benefits liabilities of the company are funded. There are no minimum funding requirements for a Gratuity
benefits plan in India and there is no compulsion on the part of the Company to fully or partially pre-fund the liabilities
under the Plan.

The company have outsourced the investment management of the fund to an insurance company. The insurance
company in turn manages these funds as per the mandate provided to them and the asset allocation which is within
the permissible limits prescribed in the insurance regulations. Due to the restrictions in the type of investments that
can be held by the fund, it may not be possible to explicitly follow an asset-liability matching strategy to manage risk
actively in a conventional fund.

b. 2,00,000 options were granted to an eligible employee of a foreign subsidiary pursuant to the "Ceinsys Employee
Stock Option Plan 2024”. The vesting was subject to achieving the performance parameters by the geospatial
operations in that subsidiary company. Accordingly, on July 13, 2025, as per the terms and condition of vesting
of options, the Management of the Company measured the performance parameters and since it is not fulfilled,
the options got cancelled.

ii. Details of Share Based Payments during Financial Year 2024-25

During the previous year, the Shareholders of the Company at its meeting held on dated April 29, 2024, approved the
"Ceinsys Employee Stock Incentive Scheme 2024” and "Ceinsys Employees Stock Option Plan 2024”. The Ceinsys
Employees Stock Option Plan 2024 (ESOP)' was further amended (ESOP) by the Board of directors and subsequently
approved by the Shareholders of the Company by way of special resolution passed through postal ballot on December
21, 2024.

Further, as authorised by the Board of Directors, the Nomination and Remuneration Committee granted following
Stock options.

a) 6,50,000 options to an eligible employee of the Company pursuant to the "Ceinsys Employee Stock Incentive
Scheme 2024”, out of which, the employee has surrendered 2,50,000 options and hence stand cancelled. ' 1,325
Lakhs charged to statement of Profit & Loss.

b) 10,16,970 options to the eligible employees of a foreign subsidiary pursuant to the "Ceinsys Employee Stock
Option Plan 2024”, out of which 8,16,970 options stands cancelled since an employee resigned. The vesting of
remaining 2,00,000 options to an employee are subject to achieving the performance parameters by the geospatial
operations in that subsidiary company which will be measured as on July 13, 2025. As per the Management of the
Company the probability of achieving this performance parameters are remote and hence no cost is considered
for the same as on March 31, 2025.

33.06 Share Based Payments

The details of options granted under Ceinsys Employee Stock Incentive Scheme 2024 (ESIS)’ and Ceinsys
Employees Stock Option Plan 2024 (ESOP) for the year ended March 31,2026 & March 31,2025 is as under:

i. Details of Share Based Payments during Financial Year 2025-26
Out of the options granted during the previous year:

a. 4,00,000 options were granted to an eligible employee of the Company pursuant to the "Ceinsys Employee Stock
Incentive Scheme 2024”. During the year, the options are vested and exercised and the same are allotted on
July 14, 2025. As a result, the Equity Share Capital is increased by ' 40 Lakhs and due to transfer of Share Based
Payment Reserve, the Securities Premium increased by ' 1,639 Lakhs.

The fair value of options has been determined at the date of grant of the options. This fair value, adjusted by the
Company's estimate of the number of options that will eventually vest, is expensed over the vesting period.

The fair values were calculated using the Black-Scholes Model for tenure-based awards. The inputs to the model
include the share price at the date of grant, exercise price, expected life, expected volatility, expected dividends
and the risk-free rate of interest. Expected volatility has been calculated using historical return on share price. All
options are assumed to be exercised from one year to two years from the date of respective vesting.

33.07 Effective from November 21,2025, the Government of India has consolidated 29 existing labour legislations into
a united framework comprising four Labour Codes. On the basis of best available information, the Company has
assessed the one-time incremental impact of Gratuity of ' 116 Lakhs and disclosed as exceptional items for the
year ended March 31,2026. The company continues to monitor the finalisation of Central/ State Government Rules
and clarifications as gets available from the Government on the other aspects of the Labour Code and would provide
appropriate accounting effect on the basis of such developments as needed.

Note 36.02 : Notes related to Corporate Social Responsibility Expenditure (CSR):

(a) CSR amount required to be spent as per Section 135 of the Companies Act, 2013 read with Schedule VII thereof by
the Company during the year is ' 108 Lakhs (Previous Year ' 36 Lakhs).

(b) Expenditure related to CSR is ' 38 Lakhs (Previous Year ' 36 Lakhs) .

(c) The amount of Shortfall at the end of the year out of the amount required to be spent by the company during the FY
2025-26 : 70 Lakhs FY 2024-25: Nil

(d) Total amount of Previous years shortfall: Nil

(e) Reason for shortfall: The Unspent amount pertains to ongoing CSR porject approved by the board and has been
transferred to ''Unspent CSR Account” within the prescribed time in accordance with Section 135(6) of the Companies
Act, 2013.

(d) Details of expenditure towards CSR given below:

Note 42 : Fair Value

42.01 Financial Instruments by category:

Set out below is a comparison by class of the carrying amounts and fair value of the Company's financial assets and liabilities
that are recognised in the financial statements.

a) Financial Assets / Financial Liabilities measured at fair value:

42.02 Fair Valuation techniques used to determine fair value

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

1 Fair value of cash and cash equivalents, other bank balances, trade receivables (billed & unbilled) , trade payables,,
deposits and other current financial assets and liabilities are approximate at their carrying amounts largely due to the
short-term maturities of these instruments.

2 The fair values of current loans, current borrowings and Margin money are approximate at their carrying amount due
to interest bearing features of these instruments.

3 The Fair Values of lease liabilities are calculated based on discounted cash flows using a lending rate. They are classified
as level 2 fair values in the fair value hierarchy due to the inclusion of observable inputs.

42.03 Fair value hierarchy

The Company uses the following hierarchy for determining and disclosing the fair value of financial instruments by valuation
techniques:-

Level 1- Quoted prices / published Net Assets Value (unadjusted) in active markets for identical assets or liabilities. It
includes fair value of financial instruments traded in active markets and are based on quoted market prices at the Balance
Sheet date and financial instruments like mutual funds for which Net Assets Value is published by mutual fund operators
at the Balance Sheet date.

Level 2- Inputs, other than quoted prices included within level 1, that are observable for the asset or liability, either directly
(that is, as prices) or indirectly (that is, derived from prices). It includes fair value of the financial instruments that are not
traded in an active market (for example, over-the-counter derivatives) is determined by using valuation techniques. These
valuation techniques maximise the use of observable market data where it is available and rely as little as possible on the
Company specific estimates. If all significant inputs required to fair value an instrument are observable then instrument is
included in level 2.

Level 3- Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs). If one
or more of the significant inputs is not based on observable market data, the instrument is included in level 3.

The following table provides hierarchy of the fair value measurement of Company’s asset and liabilities, grouped into Level
1 (Quoted prices in active markets), Level 2 (Significant observable inputs) and Level 3 (Significant unobservable inputs)
as described below:

Note 43 : Financial risk management

The company's activities expose it to market risk, credit risk and liquidity risk. The Company's financial risk management is
an integral part of how to plan and execute its business strategies. The Company's financial risk management policy is set
by the Committee of Board of Directors.

A Market Risk

Market Risk is the risk that the future value of a financial instrument will fluctuate due to moves in the market factors.
The value of a financial instrument may change as a result of changes in the interest rates, foreign currency exchange
rates, equity prices and other market changes that affect market risk sensitive instruments.

The Company manages market risk through a treasury department headed by the CFO, which evaluates and exercises
independent control over the entire process of market risk management and the processes of risk management is also
approved by Senior Management and the Audit Committee.

The most common types of market risks include

- interest rate risk,

- foreign currency risk and

- equity price risk.

(i) Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because
of changes in market interest rates. The Company having non current borrowing in the form of Term Loan . Also,
the Company is having current borrowings in the form of working capital facility. There is a fixed rate of interest
in case of Vehicle Loan hence, there is no interest rate risk associated with these borrowings. The Company is
exposed to interest rate risk associated with working capital facility due to floating rate of interest.

The table below illustrates the impact of a 0.5% increase in interest rates on interest on financial liabilities
assuming that the changes occur at the reporting date and has been calculated based on risk exposure
outstanding as of date. The year end balances are not necessarily representative of the average debt outstanding
during the year.

(ii) Foreign Currency Risk

Foreign exchange risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because
of changes in foreign currency exchange rates. The Company transacts business primarily in USD, EURO, GBP and
SGD. The Company has foreign currency Trade Receivables and is therefore, exposed to foreign currency exchange
risk. The Company regularly reviews and evaluates exchange rate exposure arising from foreign currency transactions.
The following table demonstrates the sensitivity in the USD, EURO, GBP and SGD to the Indian Rupee with all other
variables held constant. The impact on the Company's profit before tax (PBT) due to changes in the fair values of
monetary assets and liabilities is given below:

C Liquidity risk

Liquidity Risk refers to insufficiency of funds to meet financial obligations. Liquidity risk management implies maintaining
sufficient cash and marketable securities and the availability of funding through an adequate amount of committed
credit facilities to meet obligations when due. Management monitors rolling forecasts of the Company's liquidity position
comprising the undrawn borrowing facilities and cash and cash equivalents on the basis of expected cash flows.

(iii) Equity Price Risk:

The Company's investments in unquoted equity shares are subject to market price risk arising from uncertainties
about future values of the invested securities. The Company's investments in unquoted equity shares other than
subsidiaries is very limited and the same is reviewed and approved by senior management on a regular basis.”

B Credit risk

Credit risk arises from the possibility that the counter party may not be able to settle their obligation as agreed. To
manage this, the Company periodically assesses financial reliability of customers and other counter parties, taking into
account the financial condition, current economic trends, and analysis of historical bad debts and ageing of financial
assets. Individual risk limits are periodically reviewed on the basis of such information.

Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage
in a repayment plan with the Company. Where loans or receivables have been written off, the Company continues to
engage in enforcement activity to attempt to recover the receivable due. Where recoveries are made in respect of
written off are recognised as income in the statement of profit and loss.

Cash and cash equivalents and deposits: Balances and deposits with banks are subject to low credit risks due to
good credit.

Trade and other receivables:

The Company has used practical expedient by computing the expected credit loss allowance for trade receivables
based on provision matrix. The provision matrix taken into account historical credit loss experience and adjusted for
forward looking information. The expected credit loss allowance is based on ageing of the days the receivables are due.”
The following table summarizes the Gross carrying amount of the financial assets and provision made.

Note 44 : Capital Management

The primary objective of capital management is to safeguard their ability to continue as going concern, so they can continue
to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce
the cost of capital. The Company considers the amount of capital in proportion to risk and manages the capital structure
in light of changes in economic conditions and risk management of the underlying assets.

The Company monitors the capital structure on the basis of total debt and equity ratio and maturity profile of overall debt
portfolio of the Company.

Net Debt ( total borrowing net of cash and cash equivalents and bank balance other than cash and cash equivalents ) divided
by Total 'equity' ( as shown in the balance sheet)

Goodwill:

Total Goodwill of ' 1,991 Lakhs is recognised on acquisition of ATPL by the Company and transferred to the Company at

its book value from the beginning of the preceding year. The Goodwill is generated on account of expected synergies from

the combining operations.

Note 49 :Other Statutory Information

i) There are no balances outstanding on account of any transaction with companies struck off under section 248 of the
Companies Act, 2013 or section 560 of Companies Act, 1956.

ii) The Company does not have any such transaction which is not recorded in the books of account surrendered or
disclosed as income during the year in the tax assessments under the Income-tax act, 1961.

iii) No proceeding has been initiated or pending against the Company for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

iv) The Company is not declared wilful defaulter by any bank or financial institution or other lender.

v) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign
entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) 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.

vi) The Company has not received any fund from any person(s) or entity(s), including entities (Funding Party) with the
understanding (whether recorded in writing or otherwise) that the (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.

vii) The company has not traded or inveseted in crypto currency or virtual currency during the financial year .

Note 50:

Previous Year's figures have been regrouped / rearranged wherever necessary to make them comparable with those of

current year.