“Pursuant to a resolution passed by the Board of Directors on April 12, 2025, and by Shareholders at its meeting held on June 4, 2025 , sub division of existing authorised share capital of the Company from ' 250,000,000 consisting of 25,000,000 equity shares bearing face value of ' 10 each to ' 250,000,000 consisting of 250,000,000 equity shares bearing face value of ' 1 each.

“Pursuant to a resolution passed by the Board of Directors on April 12, 2025, and by Shareholders at its meeting held on June 4, 2025, sub division of the equity share of face value of ' 10 each has been split into ten equity shares of face value of ' 1 each. Accordingly, the issued, subscribed and paid up capital of our Company was subdivided from ' 176,520,900 consisting of 17,652,090 equity shares bearing face value of ' 10 each to ' 176,520,900 consisting of 176,520,900 equity shares bearing face value of ' 1 each.

“Pursuant to resolution dated June 26, 2025 read with resolution dated April 12, 2025 passed by the Board of Directors and resolution dated October 28, 2025 passed by the Shareholders of the Company at EOGM, approval was accorded for the issue of bonus shares to the existing shareholders of the Company in the ratio of 1.8 bonus equity shares for every 1 existing fully paid equity share held. The allotment of Bonus shares was approved by the Board of Directors at its meeting held on November 5, 2025.

“Pursuant to resolutions dated October 28, 2025, the Board of Directors and the Shareholders of the Company at the EOGM, have approved increase in the authorised share capital of the Company from existing ' 250,000,000 divided into 250,000,000 equity shares of face value of ' 1 each to ' 750,000,000 divided into 750,000,000 equity shares of face value of ' 1 each.

Initial Public Offering:

The Company has completed the Initial Public Offering (‘IPO') through an offer for sale of 48,972,994 equity shares by Prudential Corporation Holding Limited of face value of ' 1 each at a price of ' 2,165 per equity share aggregating up to ' 106,026.5 mn. The equity shares of the Company were listed on National Stock Exchange of India Limited (‘NSE') and BSE Limited (‘BSE') on December 19, 2025.

Rights, Preferences and restrictions attached to the equity shares

The Company has a single class of equity shares having a par value of ' 1 per share.

Accordingly, all equity shares rank equally with regard to dividends and share in the Company's residual assets. The voting rights of an equity shareholder on a poll (not on show of hands) are in proportion to its share of the paid-up equity capital of the Company. Voting rights cannot be exercised in respect of shares on which any call or other sums presently payable have not been paid.

On winding up of the Company, the holders of equity shares will be entitled to receive the residual assets of the Company, remaining after distribution of preferential amounts, if any, in proportion to the number of equity shares held.

Nature and Purpose of Reserves Securities Premium:

Securities premium is used to record the premium on issue of shares. The reserve is utilised in accordance with the provisions of the Companies Act, 2013. The Company has utilised the Share Premium for issuance of bonus equity shares in the current year.

Capital Redemption Reserve:

As per Companies Act, 2013, capital redemption reserve is created when company purchases its own shares out of free reserves or securities premium. A sum equal to the nominal value of the shares so purchased is transferred to capital redemption reserve.

General Reserve:

The general reserve is used from time to time to transfer profits from Retained Earnings for appropriation purposes. As the general reserve is created by a transfer from one component of equity to another and is not an item of other comprehensive income, items included in the general reserve will not be reclassified subsequently to profit or loss. The Company has utilised the general reserve for issuance of bonus equity shares in the current year.

Contingency Reserve:

The contingency reserves is a free reserve created by the company voluntarily in prior years by transferring up to 5% of the profits.

Capital Contribution from parent:

The Capital Contribution from parent is used to recognise the grant date fair value of options issued to employees under ICICI Bank Limited - Employee stock option scheme (equity settled) share based payments scheme.

Retained Earnings:

Retained earnings are the profits that a company has earned to date, less any dividends or other distributions paid to the Shareholders, net of utilisation as permitted under applicable regulations.

Subsequent to March 31, 2025, pursuant to a resolution passed in annual general meeting dated June 4, 2025, shareholders have approved split of each equity share of face value of ' 10 each into 10 equity shares of face value of ' 1 each (the “Split”). The Company in extra ordinary general meeting dated October 28, 2025, have approved the issuance of bonus shares to the equity shareholders in the ratio of 1.8 bonus equity shares for every 1 existing fully paid equity share held (the “Bonus”). The Weighted average number of equity shares outstanding for basic and diluted EPS have been adjusted to consider the retrospective impact of the share split and bonus in accordance with Ind AS-33 Earning Per Share for the year ended March 31, 2025.

b) Defined contribution plans

The Company also has certain defined contribution plans. Contributions are made to provident fund for employees at the rate of 12% of basic salary as per regulations. The contributions are made to registered provident fund administered by the government. The obligation of the Company is limited to the amount contributed and it has no further contractual nor any constructive obligation. The expense recognised during the current financial year towards defined contribution plan is ' 178.1. (March 31, 2025'167.6).

c) Defined benefit plans Gratuity

The Company has a defined benefit gratuity plan (funded), which requires contributions to be made to a separately administered fund. The gratuity plan is governed by the Payment of Gratuity Act, 1972 (“the Act”). Under the Act/ Policy, employee who has completed five/ten years of service is entitled to specific benefit. The level of benefits provided depends on the member's length of service and salary at retirement/separation age.

The fund is managed by a trust which is governed by the Board of Trustees. The Board of Trustees are responsible for the administration of the plan assets and for the definition of the investment strategy. Liabilities in respect of the gratuity plan are determined by an actuarial valuation, based upon which the Company makes annual contributions to the plan. The plan is funded with life insurance companies.

(v) Demographic assumptions Retirement Age:

The employees of the Company are assumed to retire at the age of 58 years.

Mortality:

For March 31, 2026 Published rates under the Indian Assured Lives Mortality (2012-14) Ult table. For March 31, 2025 Published rates under the Indian Assured Lives Mortality (2012-14) Ult table.

Leaving Service:

For March 31, 2026 we have assumed 30% per annum withdrawal rate at all ages in this valuation. For March 31, 2025 we have assumed 30% per annum withdrawal rate at all ages in this valuation.

Disability:

Leaving service due to disability is included in the provision made for all causes of leaving service.

The above sensitivity analysis are based on a 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 methods and types of assumptions used in preparing the sensitivity analysis did not change compared to the prior period.

The weighted average duration of the defined benefit obligation in current financial year is 3.07 years (March 31, 2025 - 3.03 years)

(viii) Risk Exposure

Asset Volatility - The plan liabilities are calculated using a discount rate set with reference to bond yields, if plan assets underperform this yield, this will create a deficit. Most of the plan asset investments is in schemes of Insurance companies where underlying investment is in debt and equity securities. These are subject to interest rate risk and market price risk. The Company has risk management strategy wherein the aggregate amount of risk exposure is reviewed by the Management.

Changes in bond yield. - A decrease in bond yield will increase plan liabilities, although this will be partially offset by increase in the value of plans' debt holding.

(ix) Risks associated with Defined Benefit Plan:

Interest Rate Risk

A fall in the discount rate which is linked to the G.Sec. rate will increase the present value of the liability requiring higher provision. A fall in the discount rate generally increases the mark to market value of the assets depending on the duration of asset.

Salary Risk

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

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. If the return on plan asset is below this rate, it will create a plan deficit.

Asset Liability Matching (ALM) Risk

The plan faces the ALM risk as to the matching cash flow. Since the plan is invested in lines with relevant Income Tax Rules, this generally reduces ALM risk.

Mortality Risk

Since the benefits under the plan is not payable for life time and payable till retirement age only, plan does not have any longevity risk.

Concentration Risk

Plan is having a concentration risk as all the assets are invested with the insurance company and a default will wipe out all the assets. Although probability of this is very low as insurance companies have to follow stringent regulatory guidelines which mitigate risk.

29 LEASES

Right of Use asset has been included under the line ‘Property, Plant and Equipment' and Lease liability has been included under ‘Other Financial Liabilities' in the Balance Sheet. This note provides information for leases where the company is a lessee. The company leases various offices. Rental contracts are typically made for fixed periods upto 9 years but may have extension options as described in (iii) below

b) Fair value hierarchy

This section explains the judgements and estimates made in determining the fair values of the financial instruments that are (a) recognised and measured at fair value and (b) measured at amortised cost and for which fair values are disclosed in the financial statements. 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. An explanation of each level follows underneath the table.

i) There are no transfers between levels 1, 2 and 3 during the year.

ii) The Company's policy is to recognise transfers into and transfers out of fair value hierarchy levels as at the end of the reporting period.

The Company uses the following hierarchy for determining and disclosing the fair value of financial assets by valuation technique:

The fair value of financial instruments are classified into three categories i.e. Level 1, 2 or 3 depending on the inputs used in the valuation technique. The hierarchy gives the highest priority to quoted prices in active market for identical assets or liabilities (level 1 measurements) and lowest priority to unobservable inputs (level 3 measurements).

The hierarchies used are as follows:

Level 1: Hierarchy includes financial instruments measured using quoted prices. This includes investment in listed equity instruments and mutual fund units. The investment in all the open ended mutual funds and listed equity securities are valued at closing Net Asset Value (NAV)/ Market Price, which represents the repurchase price at which the issuer will redeem the units from investors.These instruments are included in Level 1.

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques which maximise the use of observable market data and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in level 2. All close -ended mutual funds and debt securities which are thinly traded in the active market and Alternative Investment Funds (other than investing in securities pertaining to real estate sector) are included in Level 2.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3. The instruments are valued based on quoted prices for the similar instruments but for which significant observable adjustments are required to reflect the difference between the instruments. The investments in Alternative Investment Fund (investing in securities pertaining to real estate sector) and unlisted equity instruments are classified in level 3.

) Valuation technique used to determine fair value

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction in the principal (or most advantageous) market at the measurement date under current market conditions (i.e., an exit price), regardless of whether that price is directly observable or estimated using a valuation technique.

Mutual Fund units : Net Asset Value (NAV)/ Quoted price Alternative Investment Funds : Net asset value (NAV)

Debt Securities : Discounted cashflow based on the present value of expected future economic benefits/quoted price Equity Instruments : Break-up value, if the latest balance sheet is available Real Estate Investment Trust (REIT) : Quoted Prices

f) Valuation Process

Valuation of Alternative Investment fund units is done by an independent third party valuation firm during the year and extrapolated at the reporting date.

The main level 3 inputs for Alternative Investment fund units used by the valuer are derived and evaluated as follows:

(i) As underlying investments by Funds are primarily in debt instruments, for the purpose of valuation, the primary approach considered is principal outstanding plus interest accrued less interest received as on valuation date which is discounted at the interest rate prevailing in the market. However, for underlying investee companies which are stressed cases due to delay in their interest and principal repayments, valuation is subject to discounted cash flow approach whereby expected repayment has been discounted at appropriate discount risk adjusted rate.

(ii) Discount rates are determined using a capital asset pricing model to calculate a pre-tax rate that reflects current market assessments of the time value of money and the risk specific to the real estate sector. The discount rates also consider risk premium adjusted specific to the counterparties.

(iii) Current year valuation of these investments are management estimates based on valuation methodology followed by independent valuation firm for previous years.

g) Fair value of financial assets and liabilities measured at amortised cost

For financial assets and financial liabilities that have a short-term maturity (less than twelve months), the carrying amounts are a reasonable approximation of their fair value. Such instruments include, cash and bank balances, trade and other receivables, trade and other payables, short term loans and bank deposits without a specific maturity. Such amounts have been classified as Level 3 on the basis that no adjustments have been made to the balances in the balance sheet.

Further the Company considers the fair values of financial assets and financial liabilities measured at amortised cost approximates their carrying value, where fair values are calculated by discounting the future cash flows using rate adjusted for the counterparties credit risk.

31 FINANCIAL RISK MANAGEMENT

Introduction

Risk management is an integral part of the business practices of the Company. The framework of risk management concentrates on formalising a system to deal with the most relevant risks, building on existing management practices, knowledge and structures.The Company's senior management has the overall responsibility for the establishment and oversight of the Company's risk management framework. Risk management policies and systems are reviewed regularly to reflect changes in market conditions and the Company's activities.

The financial instruments held by the Company expose it to a variety of financial risks: market risk, credit risk and liquidity risk. In addition, the Company is indirectly exposed to market risk through management fee income which is determined by the assets under management. The Company uses different methods such as sensitivity analysis to measure different types of risk to which it is exposed.

a) Market risk

Market risk is the risk that the changes in market prices, such as foreign exchange rates, interest rates and equity prices will affect the Company's income or value of its holdings of financial instruments. The objective of market risk management is to manage and control market risk exposures within acceptable parameters, while optimising returns.

i) Foreign exchange risk

The Company is exposed to foreign exchange risk primarily through balances arising in the normal course of business that are denominated in a currency other than the Company's functional currency. The management has assessed that the foreign exchange risk does not represent a significant risk to the Company.

ii) Interest rate risk

The company's Debt investments are primarily in fixed rate interest instruments. Accordingly, the exposure to interest rate risk is also insignificant.

iii) Price Risk

Price risk is the risk that the value of the financial instrument will fluctuate as a result of changes in market prices and related market variables including interest rate for investments in debt oriented mutual funds and debt securities, whether caused by factors specific to an individual investment, its issuer or the market. The Company's exposure to price risk arises from investments in equity securities, debt securities, units of mutual funds, Real Estate Investment Trust (REIT) and alternative investment funds which are classified as financial assets at Fair Value Through Profit or Loss and is as follows:

To manage its price risk from investments in equity securities, debt securities, units of mutual funds, Real Estate Investment Trust (REIT) and alternative investment funds, the Company diversifies its portfolio.

Sensitivity Analysis

The table below sets out the pre tax effect on profit or loss and equity due to reasonable possible weakening/ strengthening in prices by 5%:

b) Credit Risk

Credit risk is the risk of financial loss to the Company if a counterparty to a financial instrument fails to meet its contractual obligations, and arises principally from its investment transactions.

Credit risk is monitored on an ongoing basis by the Company in accordance with policies and procedures in place. The Company is exposed to credit risk from investments held in units of the funds it manages.These investments are measured at fair value through profit or loss. The company has no significant concentration of credit risk.

The Company's financial assets subject to the expected credit loss model under Ind AS 109 are cash and cash equivalents, deposits with banks, trade receivables, staff loans, outstanding receivables.

Staff loans and receivables have been considered to enjoy the low credit risk as they meet the following criteria:

i) they have a low risk of default,

ii) t he counterparty is considered, in the short term, to have a strong capacity to meet its obligations in the near term, and

iii) the company expects, in the longer term, that adverse changes in economic and business conditions might, but will not necessarily, reduce the ability of the counterparty to fulfil its obligations.

The Company has placed security deposit with lessors for premises taken on lease by the Company as at March 31, 2026 of ' 281.3, and March 31, 2025 of ' 371.8. The Company does not perceive any significant decline in credit risk profile of the lessors where the amount of security deposit is material and hence expected probability of default is considered as zero.

Cash and cash equivalents, bank deposits are held with only high rated banks/financial institutions, credit risk on them is therefore insignificant.

c) Liquidity risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. Prudent liquidity risk management implies maintaining sufficient cash and liquid investments. The Company believes that current cash and bank balances, bank deposits and liquid investments are sufficient to meet liquidity requirements since the Company has no external borrowings. Accordingly, liquidity risk is perceived to be low. The following table shows the maturity analysis of financial liabilities of the Company based on contractually agreed cash flows as at the balance sheet date:

32 CAPITAL MANAGEMENT

(a) Risk management

For the purpose of the Company's Capital Risk Management,”Capital” includes equity capital, securities premium and all other equity reserves attributable to the shareholders. As of March 31,2026 Equity share capital is ' 494.3 ( March 31,2025 - ' 176.5) and other equity is ' 41,217.4 ( March 31,2025 - 34,992.9). The Company's objectives in managing its capital is to safeguard the ability to continue as a going concern, and to optimise its return to its shareholders.

The management of the Company's capital position is undertaken by the management team of the Company. The management team ensures that the Company is adequately capitalised to meet economic and regulatory requirements. The management team manages capital by taking into account key considerations which may include business developments, regulatory requirements, profitability and market movements. Certain minimum networth requirements for the business have been laid down by SEBI. The same is monitored on regular basis and have been complied with.

The management monitors the return on capital as well as the level of dividends to the shareholders. The Company's goal is to continue to be able to provide return to the shareholders by continuing to distribute dividends in future period.

33 SEGMENT INFORMATION

(a) Description of segments and principal activities

The Company is in the business of providing asset management services to ICICI Prudential Mutual Fund, Alternative investment fund and Portfolio management & advisory services to clients. The primary segment is identified as asset management services. As such, the Company’s financial statements are largely reflective of the asset management business and accordingly there are no separate reportable segments as per Ind AS 108, Operating Segment.

Operating segments are reported in a manner consistent with the internal reporting provided to the Chief Operating Decision Maker (CODM). The CODM’s function is to allocate the resources of the entity and assess the performance of the operating segment of the Company.

36 EMPLOYEE SHARE BASED PAYMENTS

a) ICICI Bank Limited - Employee stock option scheme (equity settled):

The selected employee of the Company are eligible for share options under ICICI Bank Limited (“Parent Company” and “Bank”) Employee Stock Option Scheme (ESOS). The Company recognises the fair value of the share options and expense for these costs over the vesting period based on the management's estimate of the vesting and forfeiture conditions.

The above share options are treated as an equity settled share based payment transaction. Under the equity settled share based payment, the fair value on the grant date of the options given to employees is recognised as ‘employee benefit expenses' with a corresponding increase in equity over the vesting period.

In terms of an Employee Stock Option Scheme (ESOS), of the Parent Bank, share options are granted to eligible employees and Directors of the Bank and its subsidiaries. As per the ESOS, as amended from time to time, the maximum number of options granted to any eligible employees/Directors in a financial year shall not exceed 0.05% of the Parent Bank's issued equity shares at the time of the grant of the options and the aggregate of all such options granted to any eligible employees/Directors shall not exceed 10.0% of the aggregate number of the Parent Bank's issued equity shares on the date(s) of the grant of the options in line with SEBI Regulations.

In April 2016, exercise period was modified by the Parent Bank from 10 years from the date of grant or five years from the date of vesting, whichever is later, to 10 years from the date of vesting of options. In June 2017, the exercise period was further modified by the Parent Bank to not exceed 10 years from the date of vesting of options as may be determined by the Board Governance, Remuneration & Nomination Committee of the Parent Bank to be applicable for future grants. In May 2018, exercise period was further modified by the Parent Bank to not exceed 5 years from the date of vesting of options as may be determined by the Board Governance, Remuneration & Nomination Committee of the Parent Bank to be applicable for future grants.

Options granted after March, 2014 vest in a graded manner over a three-year period with 30%, 30%, and 40% of the grant vesting in each year, commencing from the end of 12 months from the date of grant other than certain options granted in April 2014 which vested to the extent of 50% on April 30, 2017 and the balance vested on April 30, 2018 and options granted in September 2015 which vested to the extent of 50% on April 30, 2018 and the balance 50% vested on April 30, 2019. Options granted in January 2018 vested at the end of four years from the date of grant. Certain options granted in May 2018,vested to the extent of 50% on May 2021 and balance 50% vested on May 2022.

Options granted prior to March, 2014 except mentioned below, vested in a graded manner over a four-year period, with 20%, 20%, 30% and 30% of the grants vesting in each year, commencing from the end of 12 months from the date of grant. Options granted in April 2009 vested in a graded manner over a five-year period with 20%, 20%, 30% and 30% of grant vesting each year, commencing from the end of 24 months from the date of grant. Option granted in September 2011 vested in a graded manner over a 5 year period with 15%,20%,20% and 45% of grant vesting each year, commencing from the end of 24 months from the date of the grant.

The exercise price of the Parent Bank's options, except mentioned below, is the last closing price on the stock exchange, which recorded highest trading volume preceding the date of grant of options. In February 2011, the Parent Bank granted 412,500 options at an exercise price of ' 175.82. This exercise price was the average closing price on the stock exchange during the six months ended October 28, 2010. Of these options granted, 50% vested on April 30, 2014 and the balance 50% vested on April 30, 2015.

The weighted average fair value, based on Black-Scholes model, of options granted by the Parent Company during the year ended March 31, 2026 was ' 424.14 (year ended March 31, 2025 was ' 392.59).

Risk free interest rates over the expected term of the option are based on the government securities yield in effect at the time of the grant. The expected term of an option is estimated based on the vesting term as well as expected exercise behavior of the employees who receive the option. Expected exercise behaviour is estimated based on the historical stock option exercise pattern of the Bank. Expected volatility during the estimated expected term of the option is based on historical volatility determined based on observed market prices of the Parent Bank's publicly traded equity shares. Expected dividends during the estimated expected term of the option are based on recent dividend activity.

39 EVENTS OCCURRING AFTER THE REPORTING PERIOD

The Board of Directors have proposed a final dividend of ' 12.40 per equity share ( face value of ' 1 each) for the year ended March 31, 2026, subject to the approval of the shareholders at the ensuing Annual General Meeting.

The Company has entered into a Business Transfer Agreement (“BTA”) dated September 22, 2025 with ICICI Venture Funds Management Company Limited (“ICICI Venture”), for the sale and transfer of the investment management rights of identified Category II Alternative Investment Funds from ICICI Venture to the Company for a consideration of ' 1,079.4 million. The Parties have received the requisite approval from the Competition Commission of India vide its letter dated November 25, 2025 and the Securities and Exchange Board of India vide its letter dated March 02, 2026 in relation to the BTA. Pursuant to receipt of regulatory approval, the conditions precedent mentioned in BTA were complied with and requisite agreements in this regard were executed by both the parties by April 1, 2026. Accordingly, the Company, will be providing investment management services to the identified funds with effect from April 1, 2026.

40 OTHER MATERIAL DISCLOSURES

(i) During the years, 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).

(ii) The Company has 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.

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

(iv) The Company have not traded or invested in Crypto currency or Virtual Currency during the financial years.

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

(vi) The Company has not advanced any fund to any person or entity, including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the person or entity 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 on behalf of the Company.

(vii) The Company has not received any fund from any person or entity, 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.

(viii) The company has not entered into any transactions with companies struck off under Section 248 of the Companies Act, 2013.

(ix) Title deed of immovable property is held in the name of the Company.

(x) Pursuant to the notification issued by the Ministry of Labour and Employment, the Code on Wages, 2019, the Code on Social Security, 2020, the Industrial Relations Code, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively referred to as the “New Labour Codes”) became effective from 21 November 2025. The Company has reassessed its employee benefit obligations in accordance with the revised definition of wages. Accordingly, an incremental liability on account of past service cost in accordance with IND AS 19 - Employee Benefits amounting of ' 61.6 million has been charged to the Profit and Loss Account for the year ended March 31, 2026.

(xi) The Company has not revalued its Property, Plant and Equipment, Right of Use assets and intangible assets during the year.

41 PREVIOUS YEAR FIGURES

Previous year figures are re-grouped / re-classified wherever necessary to confirm to current year's classification. Company is in the business of Asset management services which generates operating revenue in the form of investment management and advisory services. During the current financial year, the Company has regrouped interest income, dividend income, and net gain on fair value changes from “Revenue from Operations” to “Other Income”. The reclassification has no impact on the total income or profit for the year ended March 31,2025. Accordingly, the figures for the year ended March 31, 2025 have been regrouped as follows.