3.15 Provisions and contingent liabilities

1. Provisions

Provisions are recognised when the Company has 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 a reliable estimate can be made of
the amount of the obligation. The expense relating to a
provision is presented in the statement of profit and loss
net of any reimbursement. If the effect of the time value
of money is material, provisions are discounted using a
current pre-tax rate that reflects, when appropriate, the
risks specific to the liability. When discounting is used,
the increase in the provision due to the passage of time
is recognised as a finance cost.

2. Contingent liabilities

Contingent liability is a possible obligation that arises
from past events and the existence of which will be
confirmed only by the occurrence or non-occurrence of

one are more uncertain future events not wholly within
the control of the Company, or is a present obligation
that arises from past event but is not recognised because
either it is not probable that an outflow of resources
embodying economic benefits will be required to settle
the obligation, or a reliable estimate of the amount of
the obligation cannot be made. Contingent liabilities are
disclosed and not recognised.

3.16Financial instruments

A financial instrument is any contract that gives rise to
a financial asset of one entity and a financial liability or
equity instrument of another entity. Transaction costs
directly attributable to the acquisition of financial assets
or financial liabilities at fair value through statement of
profit and loss are recognised immediately in statement
of profit and loss.

1. Financial assets

All financial assets are recognised initially at
fair value plus, in the case of financial assets not
recorded at fair value through statement of profit
and loss, transaction costs that are attributable
to the acquisition of the financial asset. Purchases
or sales of financial assets that require delivery of
assets within a time frame established by regulation
or convention in the market-place (regular way
trades) are recognised on the trade date, i.e., the
date that the Company commits to purchase or sell
the asset.

Classification and subsequent measurement:

Debt instruments that meet the following conditions
are subsequently measured at amortised cost less
impairment loss (except for debt investments that
are designated as at fair value through profit or loss
on initial recognition) (i) the asset is held within a
business model whose objective is to hold assets
in order to collect contractual cash flows; and (ii)
the contractual terms of the instrument give rise
on specified dates to cash flows that are solely
payments of principal and interest on the principal
amount outstanding.

Debt instruments that meet the following
conditions are subsequently measured at fair value
through other comprehensive income (except for
debt investments that are designated as at fair
value through profit or loss on initial recognition)
(i) the asset is held within a business model whose
objective is achieved both by collecting contractual
cash flows and selling financial assets; and (ii) the
contractual terms of the instrument give rise
on specified dates to cash flows that are solely
payments of principal and interest on the principal
amount outstanding.

case, the Company also recognises an associated
liability. The transferred asset and the associated
liability are measured on a basis that reflects
the rights and obligations that the Company
has retained.

Continuing involvement that takes the form of a
guarantee over the transferred asset is measured
at the lower of the original carrying amount of the
asset and the maximum amount of consideration
that the Company could be required to repay.

Impairment of financial assets

The Company recognises loss allowances using the
Expected Credit Loss (ECL) model for the financial
assets which are not fair valued through profit and
loss. Loss allowance for trade receivables with no
significant financing component is measured at an
amount equal to lifetime ECL. For all other financial
assets, expected credit losses are measured at
an amount equal to the 12-month ECL, unless
there has been a significant increase in credit
risk from initial recognition, in which case those
financial assets are measured at lifetime ECL. The
changes (incremental or reversal) in loss allowance
computed using ECL model, are recognised as an
impairment gain or loss in the statement of profit
and loss.

The Company recognises loss allowances
for expected credit losses on financial assets
measured at amortised cost.

At each reporting date, the Company assesses
whether financial assets carried at amortised
cost are credit impaired. A financial asset is 'credit
impaired' when one or more events that have a
detrimental impact on the estimated future cash
flows of the financial asset have occurred.

Evidence that a financial asset is credit impaired
includes the following observable data:

• significant financial difficulty of the borrower
or issuer;

• a breach of contract such as a default or
past dues;

• the restructuring of a loan or advance by the
Company on terms that the Company would
not consider otherwise; - it is probable that
the borrower will enter bankruptcy or other
financial reorganisation; or

• the disappearance of an active market for a
security because of financial difficulties.

The Company follows 'simplified approach' for
recognition of impairment loss allowance on trade
receivables which do not contain a significant
financing component. The application of simplified
approach does not require the Company to
track changes in credit risk. Rather, it recognises
impairment loss allowance based on lifetime
impairment pattern at each balance sheet date,
right from its initial recognition.

In all cases, the maximum period considered when
estimating expected credit losses is the maximum
contractual period over which the Company is
exposed to credit risk.

When determining whether the credit risk of a
financial asset has increased significantly since
initial recognition and when estimating expected
credit losses, the Company considers reasonable
and supportable information that is relevant and
available without undue cost or effort. This includes
both quantitative and qualitative information
and analysis, based on the Company's historical
experience and informed credit assessment and
including forward looking information.

The Company considers a financial asset to be in
default when:

• the borrower is unlikely to pay its credit
obligations to the Company in full, without
recourse by the Company to actions such as
realising security (if any is held); or

• the financial asset is more than past due.

The gross carrying amount of a financial asset is
written off (either partially or in full) to the extent
that there is no realistic prospect of recovery.
This is generally the case when the Company
determines that the counterparty does not have
assets or sources of income that could generate
sufficient cash flows to repay the amounts subject
to write-off. However, financial assets that are
written off could still be subject to enforcement
activities in order to comply with the Company's
procedures for recovery of amounts due.

2. Financial liabilities

Financial liabilities are classified, at initial
recognition, as financial liabilities at fair value
through profit and loss, loans and borrowings,
payables, as appropriate.

Initial recognition and measurement

All financial liabilities are recognised initially at fair
value and, in the case of loans and borrowings and
payables, net of directly attributable transaction
costs. The Company's financial liabilities include
Borrowings, Other Financial Liabilities, Trade
Payables and Leases.

Subsequent measurement

All financial liabilities are subsequently measured
at amortized cost using the effective interest
method or at FVTPL. For financial liabilities that
are denominated in a foreign currency and are
measured at amortized cost at the end of each
reporting period, the foreign exchange gains and
losses are determined based on the amortized
cost of the instruments and are recognized in
'Other income'. The fair value of financial liabilities
denominated in a foreign currency is determined
in that foreign currency and translated at the
spot rate at the end of the reporting period. For
financial liabilities that are measured as at FVTPL,
the foreign exchange component forms part of the
fair value gains or losses and is recognized in profit
or loss.

Derecognition

The Company derecognizes financial liabilities
when, and only when, the Company's obligations
are discharged, cancelled or have expired.
The difference between the carrying amount
of the financial liability derecognized and the
consideration paid and payable is recognized in
statement of profit and loss.

Offsetting of financial instruments

Financial assets and financial liabilities are offset
and the net amount is reported in the statement
of assets and liabilities if there is a currently
enforceable legal right to offset the recognised
amounts and there is an intention to settle on
a net basis, to realise the assets and settle the
liabilities simultaneously.

3.17Impairment of non-financial assets

The carrying amounts of assets are reviewed at
each balance sheet date. If there is any indication of
impairment based on internal / external factors, an
impairment loss is recognised, i.e. wherever the carrying
amount of an asset exceeds its recoverable amount.

For impairment testing, assets that do not generate
independent cash inflows are Companied together into
cash-generating units (CGUs). Each CGU represents the
smallest Company of assets that generates cash inflows
that are largely independent of the cash inflows of other
assets or CGUs.

The recoverable amount of a CGU (or an individual
asset) is the higher of its value in use and its fair value
less costs to sell. Value in use is based on the estimated
future cash flows, discounted to their present value
using a pre-tax discount rate that reflects current
market assessments of the time value of money and
the risks specific to the CGU (or the asset).

The Company's corporate assets (e.g., office building
for providing support to various CGUs) do not generate
independent cash inflows. To determine impairment of
a corporate asset, recoverable amount is determined
for the CGUs to which the corporate asset belongs.

An impairment loss is recognised if the carrying
amount of an asset or CGU exceeds its estimated
recoverable amount. Impairment losses are recognised
in the statement of profit and loss. Impairment loss
recognised in respect of a CGU is allocated first to
reduce the carrying amount of any goodwill allocated
to the CGU, and then to reduce the carrying amounts
of the other assets of the CGU (or group of CGUs) on a
pro rata basis.

An impairment loss in respect of assets for which has
been recognised in prior periods, the Company reviews
at each reporting date whether there is any indication
that the loss has decreased or no longer exists. An
impairment loss is reversed if there has been a change
in the estimates used to determine the recoverable
amount. Such a reversal is made only to the extent
that the asset's carrying amount does not exceed the
carrying amount that would have been determined, net
of depreciation or amortisation, if no impairment loss
had been recognised.

3.18 Borrowing costs

Borrowing costs are expensed in the period in which
they occur. Borrowing cost consist of interest and
other costs that an entity incurs in connection with
the borrowing of funds. Borrowing cost also includes
exchange differences to the extent regarded as an
adjustment to the borrowing costs.

3.19Cash and cash equivalents

Cash and cash equivalent in the statement of assets
and liabilities comprise cash at banks and 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 (if any) as they are considered an
integral part of the Company's cash management.

3.20 Cash flow statement

Cash flows are reported using the indirect method,
whereby loss for the period is adjusted for the effects
of transactions of a non-cash nature, any deferrals or
accruals of past or future operating cash receipts or
payments and item of income or expenses associated
with investing or financing cash flows. The cash flows
from operating, investing and financing activities of the
Company are segregated.

3.21 Events occurring after the balance sheet date

Based on the nature of the event, the Company identifies
the events occurring between the balance sheet date
and the date on which the financial statements are
approved as 'Adjusting Event' and 'Non-adjusting
event'. Adjustments to assets and liabilities are made
for events occurring after the balance sheet date that
provide additional information materially affecting the
determination of the amounts relating to conditions
existing at the balance sheet date or because of statutory
requirements or because of their special nature. For
non-adjusting events, the Company may provide a
disclosure in the financial statements considering the
nature of the transaction.

3.22 Functional and presentation currency

The Company has determined the currency of the
primary economic environment in which the Company
operates, i.e., the functional currency, to be Indian
Rupees (INR). The financial statements are presented in
Indian Rupees, which is the Company's functional and
presentation currency. All amounts have been rounded
to the nearest million up to two decimal places, unless
otherwise stated. Consequent to rounding off, the
numbers presented throughout the document may not
add up precisely to the totals and percentages may not
precisely reflect the absolute amounts.

3.23Recent accounting 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.

Amendments to Ind AS 21 - Lack of exchangeability

On 09 May 2025, Ministry of Corporate Affairs (MCA)
notifies the amendments to Ind AS 21 - Effects of
Changes in Foreign Exchange Rates. These amendments
aim to provide clearer guidance on assessing currency
exchangeability and estimating exchange rates
when currencies are not readily exchangeable.
The amendments are effective for annual periods
beginning on or after April 01, 2025. The Company has
reviewed the amendment and based on its evaluation
has determined that it does not have any impact in its
financial statements.

Amendments to Ind AS 1 - Classification of Liabilities
as Current or Non-current and Noncurrent Liabilities
with Covenants

In August 2025, the MCA notified amendments
to paragraphs 69 to 76 of Ind AS 1 to specify the
requirements for classifying liabilities as current or
noncurrent. The amendments clarify: a) What is meant
by a right to defer settlement

b) That a right to defer must exist at the end of the
reporting period

c) That classification is unaffected by the likelihood
that an entity will exercise its deferral right

d) That only if an embedded derivative in a convertible
liability is itself an equity instrument would the
terms of a liability not impact its classification

In addition, a requirement has been introduced
to require disclosure when a liability arising from
a loan agreement is classified as non-current and
the entity's right to defer settlement is contingent
on compliance with future covenants within
twelve months. If there is a breach of a material
covenant of a long-term loan arrangement on or
before the end of the reporting period, resulting
in the liability becoming payable on demand as at
the reporting date, and the lender agrees—after
the reporting period but before the financial
statements are approved for issue—not to
demand repayment for at least 12 months as a
consequence of the breach, this shall be treated
as an adjusting event. Accordingly, the entity is
not required to classify the liability as current. The
amendments are effective for annual reporting
periods beginning on or after 1 April 2025
retrospectively in accordance with Ind AS 8. The
amendments do not have material impact on the
Company's financial statements.

Ind AS 7, Statement of Cash Flows and Ind AS 107,
Financial Instruments

Disclosures, applicable w.e.f. April 01, 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.

Ind AS 12, International Tax Reform - Pillar Two
Model Rules applicable immediately

The amendments provide a temporary mandatory
relief from deferred tax accounting for top-up tax
and disclose that they have applied the relief. This
relief is immediate and applies retrospectively. The
company has reviewed the amendment and based on
its evaluation has determined that it does not have any
impact on its financial statements.

3.24Standards issued but not yet effective

The new and amended standards that are notified by
the Ministry of Corporate Affairs (MCA), but not yet
effective, up to the date of issuance of the Company's
standalone financial statements are disclosed below.
The Company will adopt these amendments to the
standards, when they become effective.

Amendments to Ind AS 1 - Classification of Liabilities
as Current or Non-current and Noncurrent Liabilities
with Covenants

In accordance with Ind AS 1 currently applicable,
breach of an immaterial covenant is ignored deciding
in current vs. non-current classification of liabilities.
Also, in case of breach of a material covenant of a
noncurrent loan on or before the reporting date, the
entity can obtain waiver from the lender after the
reporting date and continue to classify the loan as non¬
current liability. In accordance with changes to Ind AS 1
already notified by the MCA, the above relaxations to
classify loan as non-current liability will not be available
from FY 2026- 27 onward and need to be applied
retrospectively. Consequently:

i) A breach of either material or immaterial covenant
will trigger current classification of liability.

ii) To continue classifying loan as non-current liability,
entitieswill need toobtain waiverfrom the breach on or
before the reporting date.

The Company is currently assessing the impact
the amendments will have on its standalone
financial statements.

Estimation of fair value

The Company's investment properties consist of two commercial properties in India.

As at March 31, 2026, the fair values of the investment properties are INR 26.25 Million (March 31, 2025: INR 24.94 Million).
These valuations are based on valuations performed by Ajay Kumar Sharma (B.E.), an accredited independent valuer. Ajay
Kumar Sharma (B.E.). is a specialist in valuing these types of investment properties and is a registered valuer as defined under
rule 2 of Companies (Registered Valuers and Valuation) Rules, 2017. A valuation model in accordance with that recommended
by the International Valuation Standards Committee has been applied.

(b) Terms and rights attached to equity shares

The Company has only one class of equity shares having nominal value of INR 2/- each (March 31, 2025: INR 2/- each).
Each holder of equity shares is entitled to one vote per share. The dividend proposed by the Board of Directors, if
any, is subject to the approval of the shareholders in the ensuing Annual General Meeting. 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.

(e) Shares reserved for issue under employee stock option scheme

Information relating to Employee stock option plan, including details of option issued, exercised and lapsed during the
financial year and options outstanding as at end of the reporting period are set out in note 40.

(f) The Company for the period of five years immediately preceding the reporting date has not:

(i) Allotted any class of shares as fully paid pursuant to contract(s) without payment being received in cash except as
mentioned in sr. no.(ii) below

(ii) Allotted fully paid up shares by way of bonus shares except for 28.5 Million shares of INR 2 each in bonus issue
during the financial year 2021-22.

(iii) Bought back any class of shares.

Description of nature and purpose of each reserve

i) Retained earnings - Retained earnings are the profits that the Company has earned/incurred till date, less any transfers
to general reserve, dividends or other distributions paid to shareholders.

ii) Securities premium - Securities premium is used to record the premium on issue of shares. The reserve can be utilised
only for limited purposes such as issuance of fully paid bonus shares, writing off preliminary expenses, writing off
expenses related to share/debenture issues, providing for premium on redemption of preference shares or debentures,
and buying back company shares in accordance with the provisions of Section 52 of the Companies Act, 2013.

iii) ESOP reserves - The share options-based payment reserve is used to recognise the grant date fair value of options issued
to employees under Employee stock option plan. The Company transfers the amount from this reserve to security premium
account upon exercise of stock option by employees. In case of forfeiture, the Company transfer the amount from this
reserve to retained earning. Refer note 40 for further details.

(iv) Other comprehensive income: Other comprehensive income include re-measurement loss / (gain) on defined benefit
plans, net of taxes that will not be reclassified to Statement of Profit and Loss.

Contract liabilities

A contract liability is the obligation to transfer services to a customer for which the Company has received consideration
from the customer. If a customer pays consideration before the Company transfers services to the customer, a contract
liability is recognised when the payment is made. Contract liabilities are recognized as revenue when the Company performs
under the contract.

24.3 Performance obligation

Sale of services: The performance obligation in respect of services is satisfied either at a point in time or over time, depending
on the nature of the service. For services where control is transferred continuously, revenue is recognised over time based
on progress towards completion. In other cases, performance obligation is satisfied at a point in time upon completion and
acceptance of the service by the clients. Payment is generally due upon completion or as per agreed contractual terms.

* Two clients for the year ended March 31, 2026 and three clients for the year ended March 31, 2025 individually represented
10% or more of the Company's total revenue from opertation.

34 Financial risk management

Financial risk factors

The Company's operational activities are expose it to various financial risks, including market risk, credit risk and liquidity
risk. The Company realizes that these risks are inherent and integral aspect of business. The Company continues to focus
on a system based approach to business risk management. The Company's principal financial assets include trade and
other receivables, and cash and cash equivalents that derive directly from its operations.

The Company ensures that its financial risk activities which are governed by appropriate policies and procedures and that
financial risks are identified, measured and managed in accordance with the Company's policies and risk objectives. Risk
management policies are reviewed regularly to reflect changes in market conditions and the Company's activities.

A Market risk:

Market risk is the risk that the fair value of the future cash flows of the financial instruments will fluctuate because
of changes in the prices of a financial instrument . The value of a financial instrument may change as a result of
changes in the interest rates, foreign currency exchange rates, commodity prices, equity prices and other market
changes that effect market risk sensitive instruments.

i. Interest rate risk :

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate
due to changes in market interest rates. The Company is not exposed to significant interest rate risk as its
borrowings carry fixed interest rates and it does not have any financial instruments bearing variable interest
rates as at the reporting date.

ii. Foreign currency risk :

The Indian Rupee is the Company's most significant currency. As a consequence, the Company's results are
presented in Indian Rupee and exposures are managed against Indian Rupee accordingly. Foreign currency risk
is the risk impact related to fair value or future cash flows of an exposure in foreign currency, which fluctuate
due to changes in foreign exchange rates. The Company's exposure to the risk of changes in foreign exchange
rates relates primarily to the foreign currency transactions on account of global operations and transactions
in foreign currency with its customers and vendors.

Foreign currency sensitivity analysis

The Company is principally exposed to risk against SGD, USD, THB, EUR & AED. Sensitivity of profit or loss
arises mainly from SGD, USD, THB, EUR & AED denominated receivables and payables.

As per management's assessment of reasonable possible changes in the exchange rate of ( /-) 5% between
USD- INR , SGD-INR , THB-INR , EUR-INR & AED-INR currency pairs, sensitivity of profit or loss only on
outstanding SGD, USD, THB, EUR & AED denominated monetary items at the period end is presented below:

To manage credit risk, the Company periodically reviews its receivables from client for any non-recoverability
of the dues, taking in to account the inputs from business development team and ageing of trade receivables.
The management establishes an allowance for impairment that represents its expected credit losses in respect
of trade and other financial assets. The management uses a simplified approach for the purpose of computation
of expected credit loss. While computing expected credit loss, the management consider historical credit loss
experience adjusted with forward looking information.

C Liquidity risk:

The risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities that are
settled by delivering cash or another financial asset. The Company manages liquidity risk by maintaining adequate
reserves and banking facilities, by continuously monitoring forecast and actual cash flows and by matching the
maturity profiles of financial assets and liabilities for the Company .

The table below summarises the maturity profile of the Company's financial liabilities based on contracted
undiscounted payments (excluding transaction cost on borrowings).

As per management's opinion, the sensitivity analysis is unrepresentative of the inherent foreign exchange
risk because the exposure at the end of the reporting period does not reflect the exposure during the year.

(iii) Commodity price risk

The Company is not involved in the provision and sale of products and hence, the Company is not exposed
to commodity price risk.

B Credit risk:

Credit risk is the risk of financial loss to the Company if client or counterparty to financial instrument fails to meet
its contractual obligations, and arises principally from the Company's receivables from client and investment in
mutual funds and deposits with banks.

D Price risk:

The Company is exposed to price risk mainly related to procurement of services such as Lounge access, Meet and
Assist, Golf course access etc. which can affect the direct cost of the Company. To manage this risk, the Company
take steps to pursue longer term and fixed contracts, where considered necessary. Additionally, processes related
to such risks are reviewed and controlled by management.

35 Financial Instruments - Disclosure

This section explains the judgements and estimates made in determining the fair values of the financial instruments
that are recognised and measured at fair value. To provide an indication about the reliability of the inputs used in
determining fair value, the Company has classified its financial instruments into the three levels prescribed under the
accounting standard.

36 Capital Management

The Company's objectives while managing capital is to safeguard its ability to continue as a going concern and optimise returns for
its shareholders. For the purpose of the Company's capital management, capital includes issued equity capital and equity reserves
attributable to the equity shareholders and net debt includes interest bearing loans and borrowings less cash and cash equivalents
including other bank balances. The Company's policy is to maintain a stable and strong capital structure with a focus on total
equity so as to maintain investor, creditors and market confidence and to sustain future development and growth of its business.
The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the
requirements of the financial covenants. The Company's funding requirements are met through internal accruals, short-term
and long-term borrowings. No changes were made in the objectives, policies or processes for managing capital during the
years ended March 31, 2026 and March 31, 2025.

39 Disclosures as required by Indian Accounting Standard 19 on Employee Benefits :

I. Defined contribution plans

The Company makes contribution in the form of provident funds as considered defined contribution plans and
contribution to Employees Provided Fund Orgnisation.The Company has no further payment obligations once the
contributions have been paid. Following are the schemes covered under defined contributions plans of the Company:

Provident Fund Plan & Employee Pension Scheme: The Company makes monthly contributions at prescribed rates
towards Employee Provident Fund administered and managed by Ministry of Labour & Employment, Government
of India.

Employee State Insurance: The Company makes prescribed monthly contributions towards Employees State Insurance
Scheme and payment made to Employee State Insurance Corporation, Ministry of Labour & Employment, Government
of India.

II. Gratuity

The Company have an obligation towards gratuity, a defined benefit plan covering eligible employees as per the Payment
of Gratuity Act, 1972. The plan provides for a lump-sum payment to vested employees at retirement, death while in
employment or on termination of employment of an amount equivalent to 15 days salary payable for each completed
year of service. Vesting occurs upon completion of five years of service. The gratuity benefits are unfunded.

Gratuity liability is provided for on the basis of an actuarial valuation on projected unit credit method made at the end
of each financial year. The present value of the defined benefit obligation is determined by discounting the estimated
future cash outflows by reference to market yields at the end of the reporting year on government bonds that have
terms approximating to the terms of the related obligation.

For summarizing the components of net benefit expense recognized in the statement of profit and loss and the funded
status and amounts recognized in the balance sheet for the respective plans, the details are as under:

On November 21, 2025, the Government of India notified the four Labour Codes - 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 - consolidating 29 existing labour laws. The Ministry of Labour & Employment
published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations.
The Company has assessed the impact of the Labour Codes and concluded that the same is not material to the
financial statements. Accordingly, the impact, wherever applicable, has been appropriately recognised in these
financial statements.

III. Leave plan and compensated absences

The Company has a leave encashment scheme with defined benefits for its employees. The Company makes provision
for such liability in the books of accounts on the basis of year end actuarial valuation. No fund has been created for
this scheme.

40 Share - based payments

Employee Stock Option Plan 2021 namely "ESOP 2021" was adopted by the Board of Directors vide its resolution dated
September 28, 2021 and by the shareholders vide its resolution dated September 29, 2021. Under the ESOP 2021,
the Company granted stock options ("Grant 1") to the eligible employees of Company which will vest over a period of
3 years from date of Grant and are exercisable for a period of 5 years once vested.

The Nomination and Remuneration Committee of the Company has approved further grants (Grant 2 , Grant 3 and Grant
4) under ESOP 2021 with related vesting conditions. Vesting of the options would be subject to continuous employment
and certain performance parameters stipulated by the Nomination and Remuneration Committee of the Company. Hence
the options would vest with the passage of the time on meeting the performance parameters. Options have been granted
with vesting period of up to 7 years and are exercisable for a period of 5 years once vested.

The fair value of the share options is estimated at the grant date using the Black- Scholes option pricing model, taking
into account the terms and conditions upon which the share options were granted.

There are no cash settlement alternatives. The Company does not have a past practice of cash settlement for these
share options.

41 During the year ended March 31, 2026, the company had not declared any dividend. During the year ended March
31,2025, the Company had declared and paid final dividend of INR 1.50/- per equity share of face value INR 2/- each
related to financial year ended March 31, 2024.

42 Related Party Transactions in accordance with Indian Accounting Standard (IND AS) -24

The related parties as per the terms of Ind AS-24,"Related Party Disclosures", notified under section 133 of the Companies
Act 2013 (the Act) read with Companies (Indian Accounting Standards) Rules 2015 (as amended from time to time), as
disclosed below:

(a) Related parties and nature of related party relationships where control exists
A) Names of related parties and description of relationship:

I. Enterprises under control of the entity

Subsidiary companies

Dreamfolks Hospitality Private Limited (struck off w.e.f April 03, 2024)

Dreamfolks Services Pte Limited
Golfklik Private Limited

Ten11 Hospitality LLP (w.e.f November 10, 2025)

43 Segment information

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 Board of Directors to make decisions about resources to be allocated to the
segments and assess their performance. The Company's business activity falls within a single segment, which is
providing benefit management services through a proprietary technology platform, that empowers clients to tailor
airport and lifestyles services offerings for their end customers, in terms of Ind AS 108 on Segment Reporting.
In view of the management, there is only one reportable segment as envisaged by Indian Accounting Standard 108,
'Operating Segments' as prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued
thereunder. Accordingly, no disclosure for segment reporting has been made in the financial statements.

45 As per provisions of section 135 of the Companies Act, 2013, the Company has to incur at least 2% of average net profits
of the preceding three financial years towards Corporate Social Responsibility ("CSR"). Accordingly, a CSR committee has
been formed for carrying out CSR activities as per the Schedule VII of the Companies Act, 2013. Details are as below:

During the year, the Committee has approved the budget outlay of Rs. 19.19 Million (March 31, 2025: Rs. 14.19 Million) for
Corporate Social Responsibility (CSR). The Company has made payments in accordance with provisions of the Companies
Act 2013 and rules made thereunder.

46 Statutory Information :

(i) Details of benami property held

The Company do not have any Benami property, where any proceeding has been initiated or pending against the
Company for holding any Benami property.

(ii) Relationship with struck off companies

The Company has not entered into any transaction with struck off companies during the current or previous year.

(iii) Charges or satisfaction

The Company do not have any charges or satisfaction which is yet to be registered with Registrar of Companies (ROC)
beyond the statutory year.

(iv) Details of crypto currency or virtual currency

The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.

(v) Loans or advances in the nature of loans to promoters, directors, KMPs and related parties

The Company has not granted any loans or advances in the nature of loans to promoters, directors, KMPs and the related
parties (as defined under Companies Act, 2013), either severally or jointly with any other person, that are repayable on
demand or without specifying any terms or period of repayment.

(vi) Details of advanced or loaned or invested funds

The Company have not advanced or loaned or invested funds to any other person or entity, 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

(vii) Details of fund received

The Company have not received any fund from any person or entity, including foreign entities (Funding Party) with the
understanding (whether recorded in writing or otherwise) the at 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,

(viii) Details of transaction disclosed under Income Tax Act

The Company do 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).

(ix) Willful defaulter

The Company have not been declared a wilful defaulter by any bank or financial institution or other lender (as defined
under the Companies Act, 2013) or consortium thereof, in accordance with the guidelines on wilful defaulters issued
by the Reserve Bank of India.

(x) Revaluation

The Company has not revalued any of its property, plant and equipments or intangible assets during the year.

(xi) Compliance with number of layers of companies

The Company has complied with the number of layers of companies prescribed under the Companies Act, 2013.

(xii) Purpose of borrowings

The borrowings obtained by the Company from banks and financial institutions have been applied for the purposes for
which such loans were taken and the Company has not used funds raised on short term basis for long term purpose.

(xiii) Borrowing secured against assets

The Company has borrowings from banks and financial institutions on the basis of security of current assets.

(xiv) Compliance with approved scheme(s) of arrangements

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

47 During the current year, the Company has reclassified certain expenses, trade receivables, unbilled revenue and
liabilities to better reflect the nature of the underlying transactions and enhance the presentation of the financial
statements. Accordingly, comparative information has been regrouped/reclassified, wherever necessary, to conform
to the current year's presentation. The aforesaid reclassification/regrouping has no material impact on the Standalone
financial statements.

48 Pursuant to the approval of the Board of Directors on December 01, 2025, the Company has entered into definitive
arrangements to acquire a controlling stake of 60.24% in ETT Solutions DMCC, UAE ("ETT”), through a combination of
secondary purchase of shares and primary subscription to freshly issued shares, involving a total proposed investment of
approximately INR 360 millions (USD ~4 million).

During the year, the Company has paid INR 123.11 millions towards consideration for the secondary purchase of shares.
The first phase of the aforesaid acquisition being the secondary purchase of shares, has been duly completed as the said
transfer of shares has been duly registered with Dubai Multi Commodities Centre Authority on April 22, 2026. Following

this registration, the Company's shareholding in ETT currently stands at 34%. The subsequent phase involving the primary
subscription is under process. Post completion of primary subscription, the overall shareholding of Dreamfolks in ETT will
be 60.24%.

49 The books of account along with other relevant records and papers of the Company are maintained in electronic mode.
These are readily accessible in India at all times and a back-up is maintained in servers situated in India and the Company
and its officers have full access to the data in the servers.

50 The Company has used an accounting software for maintaining its books of account for the financial year ended March
31, 2026 which has a feature of recording audit trail (edit log) facility except audit trail on the database level and the
same has been operating for all relevant transactions recorded in the software throughout the year. Additionally,
the audit trail has been preserved by the Company as per the statutory requirements for record retention. Based on
the Company's internal assessment, there has been no instance of the audit trail feature being tampered with during
the year.

51 Event after balance sheet date

No events have occurred between the reporting date and the date of approval of the standalone financial statements
(i.e., up to May 29, 2026) other than those already disclosed in the standalone financial statements, that would require
adjustment to, or disclosure in, the financial statements in accordance with the requirements of Ind AS 10 - Events after
the Reporting Period.