l. Provisions, Contingent Liabilities and Contingent

Assets

Provisions

General

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. When the Company expects some or all of a
provision to be reimbursed, for example, under an insurance
contract, the reimbursement is recognised as a separate
asset, but only when the reimbursement is virtually certain.
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.

Contingent liability

Contingent liability is-

(a) a possible obligation arising from past events and whose
existence will be confirmed only by the occurrence
or non-occurrence of one or more uncertain future
events not wholly within the control of the entity or

(b) a present obligation that arises from past events but is
not recognized because

- it is not probable that an outflow of resources
embodying economic benefits will be required to
settle the obligation or

- the amount of the obligation cannot be measured
with sufficient reliability.

The Company does not recognize a contingent liability but
discloses its existence and other required disclosures in
notes to the financial statements, unless the possibility of
any outflow in settlement is remote.

Contingent liabilities recognised in a business
combination

A contingent liability recognised in a business combination is
initially measured at its fair value. Subsequently, it is measured
at the higher of the amount that would be recognised in
accordance with the requirements for provisions above
or the amount initially recognised less, when appropriate,
cumulative amortisation recognised in accordance with the
requirements for revenue recognition.

Contingent Asset

A contingent asset is a possible asset that arises from past
events and whose existence will be confirmed only by- the
occurrence or non-occurrence of one or more uncertain
future events not wholly within the control of the entity. The
Company does not recognize the contingent asset in its
standalone financial statements since this may result in the
recognition of income that may never be realised. Where
an inflow of economic benefits is probable, the Company
disclose a brief description of the nature of contingent
assets at the end of the reporting period. However, when
the realisation of income is virtually certain, then the related
asset is not a contingent asset and the Company recognize
such assets.

Provisions, contingent liabilities and contingent assets are
reviewed at each reporting date.

m. Retirement and other employee benefits
Defined contribution plan

Retirement benefit in the form of provident fund is a defined
contribution scheme. The Company has no obligation, other
than the contribution payable to the provident fund. The
Company recognizes contribution payable to the provident
fund scheme as an expense, when an employee renders the
related service. If the contribution payable to the scheme for
service received before the balance sheet date exceeds the
contribution already paid, the deficit payable to the scheme
is recognized as a liability after deducting the contribution
already paid. If the contribution already paid exceeds the
contribution due for services received before the balance
sheet date, then excess is recognized as an asset to the
extent that the pre-payment will lead to, for example, a
reduction in future payment or a cash refund.

Defined benefit plan (gratuity obligations)

The Company operates a defined benefit gratuity plan, in
which contributions are made to a separately administered
and approved gratuity fund.

The liability or asset recognised in the balance sheet in
respect of defined benefit gratuity plan is the present value
of the defined benefit obligation at the end of the reporting
period less the fair value of plan assets. The cost of providing
benefits under the defined benefit plan is determined using
the projected unit credit method.

Remeasurements, comprising of actuarial gains and losses,
the effect of the asset ceiling, excluding amounts included
in net interest on the net defined benefit liability and the
return on plan assets (excluding amounts included in net
interest on the net defined benefit liability), are recognised
immediately in the balance sheet with a corresponding debit
or credit to retained earnings through OCI in the period in
which they occur. Remeasurements are not reclassified to
profit or loss in subsequent periods.

Past service costs are recognised in profit or loss on the
earlier of:

• The date of the plan amendment or curtailment, and

• The date that the Company recognises related
restructuring costs.

Net interest is calculated by applying the discount rate
to the net defined benefit liability or asset. The Company
recognises the following changes in the net defined benefit
obligation as an expense in the standalone statement of
profit and loss:

• Service costs comprising current service costs, past-
service costs, gains and losses on curtailments and
non-routine settlements; and

• Net interest expense or income.

Compensated absences

Accumulated leave, which is expected to be utilized within
the next 12 months, is treated as short-term employee
benefit. The Company measures the expected cost of such
absences as the additional amount that it expects to pay as
a result of the unused entitlement that has accumulated at
the reporting date. The Company recognizes expected cost
of short-term employee benefit as an expense, when an
employee renders the related service.

The Company treats accumulated leave expected to be
carried forward beyond twelve months, as long-term
employee benefit for measurement purposes. Such long¬
term compensated absences are provided for based on the
actuarial valuation using the projected unit credit method
at the reporting date. Remeasurement gains/losses are
immediately taken to the statement of profit and loss and
are not deferred. The obligations are presented as current
liabilities in the balance sheet if the entity does not have
an unconditional right to defer the settlement for at least
twelve months after the reporting date.

n. Share-based payments

Employees (including senior executives) of the Company
receive remuneration in the form of share-based payments,
whereby employees render services as consideration for
equity instruments (equity-settled transactions).

Equity-settled transactions

The cost of equity-settled transactions is determined by
the fair value at the date when the grant is made using an
appropriate valuation model. Further details are given in
Note 31.

That cost is recognised, together with a corresponding
increase in share-based payment (SBP) reserves in equity,
over the period in which the performance and/or service
conditions are fulfilled in employee benefits expense.
The cumulative expense recognised for equity-settled
transactions at each reporting date until the vesting date
reflects the extent to which the vesting period has expired
and the Company's best estimate of the number of equity
instruments that will ultimately vest. The expense or credit
in the statement of profit and loss for a period represents
the movement in cumulative expense recognised as at
the beginning and end of that period and is recognised in
employee benefits expense.

Service and non-market performance conditions are not
taken into account when determining the grant date fair
value of awards, but the likelihood of the conditions being
met is assessed as part of the Company's best estimate of
the number of equity instruments that will ultimately vest.
Market performance conditions are reflected within the
grant date fair value. Any other conditions attached to an
award, but without an associated service requirement, are
considered to be non-vesting conditions. Non-vesting
conditions are reflected in the fair value of an award and
lead to an immediate expensing of an award unless there
are also service and/or performance conditions.

No expense is recognised for awards that do not ultimately
vest because non-market performance and/or service
conditions have not been met. Where awards include a
market or non-vesting condition, the transactions are
treated as vested irrespective of whether the market or
non-vesting condition is satisfied, provided that all other
performance and/or service conditions are satisfied.

When the terms of an equity-settled award are modified, the
minimum expense recognised is the grant date fair value of
the unmodified award, provided the original vesting terms
of the award are met. An additional expense, measured
as at the date of modification, is recognised for any
modification that increases the total fair value of the share-
based payment transaction, or is otherwise beneficial to the
employee. Where an award is cancelled by the entity or by
the counterparty, any remaining element of the fair value of
the award is expensed immediately through profit or loss.

The dilutive effect of outstanding options is reflected as
additional share dilution in the computation of diluted
earnings per share.

o. Financial 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.

Financial assets

Initial recognition and measurement

Financial assets are classified, at initial recognition, as
subsequently measured at amortised cost, fair value through
other comprehensive income (OCI), and fair value through
profit or loss.

The classification of financial assets at initial recognition
depends on the financial asset's contractual cash flow
characteristics and the Company's business model for
managing them. With the exception of trade receivables
that do not contain a significant financing component or
for which the Company has applied the practical expedient,
the Company initially measures a financial asset at its fair
value plus, in the case of a financial asset not at fair value
through profit or loss, transaction costs. Trade receivables
that do not contain a significant financing component or for
which the Company has applied the practical expedient are
measured at the transaction price determined under Ind AS
115. Refer to the accounting policies in section (e) Revenue
from contracts with customers.

In order for a financial asset to be classified and measured
at amortised cost or fair value through OCI, it needs to give
rise to cash flows that are 'solely payments of principal and
interest (SPPI)' on the principal amount outstanding. This
assessment is referred to as the SPPI test and is performed at
an instrument level. Financial assets with cash flows that are
not SPPI are classified and measured at fair value through
profit or loss, irrespective of the business model.

The Company's business model for managing financial
assets refers to how it manages its financial assets in order
to generate cash flows. The business model determines
whether cash flows will result from collecting contractual
cash flows, selling the financial assets, or both. Financial
assets classified and measured at amortised cost are held
within a business model with the objective to hold financial
assets in order to collect contractual cash flows while
financial assets classified and measured at fair value through
OCI are held within a business model with the objective of
both holding to collect contractual cash flows and selling.

Purchases or sales of financial assets that require delivery
of assets within a time frame established by regulation or
convention in the marketplace (regular way trades) are
recognised on the trade date, i.e., the date that the Company
commits to purchase or sell the asset.

Subsequent measurement

For purposes of subsequent measurement, financial assets
are classified in following categories:

• Financial assets at amortised cost (debt instruments)

• Financial assets at fair value through profit or loss

Financial assets at amortised cost (debt instruments)

A 'financial asset' is measured at the amortised cost if both
the following conditions are met:

a) The asset is held within a business model whose
objective is to hold assets for collecting contractual
cash flows, and

b) Contractual terms of the asset give rise on specified
dates to cash flows that are solely payments of
principal and interest (SPPI) on the principal amount
outstanding.

This category is the most relevant to the Company. After
initial measurement, such financial assets are subsequently
measured at amortised cost using the effective interest
rate (EIR) method and are subject to impairment as per the
accounting policy applicable to 'Impairment of financial
assets.' Amortised cost is calculated by taking into account
any discount or premium on acquisition and fees or costs
that are an integral part of the EIR. The EIR amortisation is
included in other income in the profit or loss. The losses
arising from impairment are recognised in the profit or loss.
The Company's financial assets at amortised cost includes
trade receivables, security deposits and loan to an associate
included under other current and non current financial
assets. For more information on financial assets, refer Note
11 and for receivables, refer to Note 9.

Financial assets at fair value through profit or loss

Financial assets in this category are those that are held for
trading and have been either designated by management
upon initial recognition or are mandatorily required to be
measured at fair value under Ind AS 109 i.e. they do not meet
the criteria for classification as measured at amortised cost
or FVOCI. Management only designates an instrument at
FVTPL upon initial recognition, if the designation eliminates,
or significantly reduces, the inconsistent treatment that
would otherwise arise from measuring the assets or liabilities
or recognising gains or losses on them on a different basis.
Such designation is determined on an instrument-by¬
instrument basis. For the Company, this category includes
derivative instruments and investments in mutual funds. The
Company has not designated any financial assets at FVTPL.

Financial assets at fair value through profit or loss are carried
in the balance sheet at fair value with net changes in fair
value recognised in the statement of profit and loss.

Embedded Derivatives

A derivative embedded in a hybrid contract, with a financial
liability or non-financial host, is separated from the host
and accounted for as a separate derivative if: the economic
characteristics and risks are not closely related to the host; a
separate instrument with the same terms as the embedded
derivative would meet the definition of a derivative; and
the hybrid contract is not measured at fair value through
profit or loss. Embedded derivatives are measured at fair
value with changes in fair value recognised in profit or loss.
Reassessment only occurs if there is either a change in the
terms of the contract that significantly modifies the cash
flows that would otherwise be required or a reclassification
of a financial asset out of the fair value through profit or loss
category.

Derecognition

A financial asset (or, where applicable, a part of a financial
asset or part of a Company of similar financial assets) is
primarily derecognised (i.e., removed from the Company's
standalone balance sheet) when:

• The rights to receive cash flows from the asset have
expired, or

• The Company has transferred its rights to receive cash
flows from the asset or has assumed an obligation to pay
the received cash flows in full without material delay to
a third party under a 'pass-through' arrangement; and
either (a) the Company has transferred substantially all
the risks and rewards of the asset, or (b) the Company
has neither transferred nor retained substantially all
the risks and rewards of the asset, but has transferred
control of the asset.

When the Company has transferred its rights to receive
cash flows from an asset or has entered into a pass-through
arrangement, it evaluates if and to what extent it has retained
the risks and rewards of ownership. When it has neither
transferred nor retained substantially all of the risks and
rewards of the asset, nor transferred control of the asset, the
Company continues to recognise the transferred asset to
the extent of the Company's continuing involvement. In that
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

Further disclosures relating to impairment of financial assets
are also provided in the following notes:

• Disclosures for significant assumptions - see Note 38

• Trade receivables and contract assets - see Note 8

The Company considers a financial asset in default when
contractual payments are 180 days past due. However, in
certain cases, the Company may also consider a financial
asset to be in default when internal or external information
indicates that the Company is unlikely to receive the
outstanding contractual amounts in full before taking into
a ccount a ny credit enhancements held by the Company.
A financial asset is written off when there is no reasonable
expectation of recovering the contractual cash flows.

Financial liabilities

Initial recognition and measurement

Financial liabilities are classified, at initial recognition, as
financial liabilities at fair value through profit or loss, loans
and borrowings, payables, or as derivatives designated as
hedging instruments in an effective hedge, as appropriate.

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 trade and other
payables and other financial liabilities.

Subsequent measurement

For purposes of subsequent measurement, financial
liabilities are classified in two categories:

• Financial liabilities at fair value through profit or loss

• Financial liabilities at amortised cost

Financial liabilities at fair value through profit or loss

Financial liabilities at fair value through profit or loss include
financial liabilities held for trading and financial liabilities
designated upon initial recognition as at fair value through
profit or loss.

Financial liabilities are classified as held for trading if they are
incurred for the purpose of repurchasing in the near term.
This category also includes derivative financial instruments
entered into by the Company that are not designated as
hedging instruments in hedge relationships as defined by Ind
AS 109. Separated embedded derivatives are also classified
as held for trading unless they are designated as effective
hedging instruments.

Gains or losses on liabilities held for trading are
recognised in the profit or loss.

Financial liabilities designated upon initial recognition at fair
value through profit or loss are designated as such at the
initial date of recognition, and only if the criteria in Ind AS
109 are satisfied. For liabilities designated as FVTPL, fair value
gains/losses attributable to changes in own credit risk are
recognized in OCI. These gains/losses are not subsequently
transferred to P&L. However, the Company may transfer the
cumulative gain or loss within equity. All other changes in
fair value of such liability are recognised in the statement
of profit and loss. The Company has not designated any
financial liability as at fair value through profit or loss.

Financial liabilities at amortised cost

This is the category most relevant to the Company. After
initial recognition, interest-bearing loans and borrowings
are subsequently measured at amortised cost using the EIR
method. Gains and losses are recognised in profit or loss
when the liabilities are derecognised as well as through the
EIR amortisation process.

Amortised cost is calculated by taking into account any
discount or premium on acquisition and fees or costs
that are an integral part of the EIR. The EIR amortisation is
included as finance costs in the statement of profit and loss.

Derecognition

A financial liability is derecognised when the obligation under
the liability is discharged or cancelled or expires. When an
existing financial liability is replaced by another from the
same lender on substantially different terms, or the terms
of an existing liability are substantially modified, such an
exchange or modification is treated as the derecognition of
the original liability and the recognition of a new liability. The
difference in the respective carrying amounts is recognised
in the statement of profit and loss.

Offsetting of financial instruments

Financial assets and financial liabilities are offset and the net
amount is reported in the Standalone balance sheet 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.

p. Equity vs. financial liability classification

An equity instrument is any contract that evidences a
residual interest in the assets of an entity after deducting all
of its liabilities. Equity instruments issued by the Company
are recognised at the proceeds received, net of direct issue
costs. The Company classifies a financial instrument issued
by it as equity instrument only if below conditions are met:

• The instrument includes no contractual obligation to
deliver cash or another financial asset to another entity.
Nor it includes any obligation to exchange financial
assets or financial liabilities with another entity under
conditions that are potentially unfavourable to the
issuer.

• If the instrument will, or may, be settled in the
Company's own equity instruments, it is non-derivative
instrument that includes no contractual obligation for
the Company to deliver a variable number of its own
equity instruments. If the instrument is derivative, then

it should be settled only by the Company exchanging
a fixed amount of cash or another financial asset for a
fixed number of its own equity instruments.

All other instruments are classified as financial liability and
accounted for using the accounting policy applicable to the
Financial Liabilities.

q. Cash and cash equivalents

Cash and cash equivalent in the balance sheet comprise
cash at banks and on hand and short-term deposits with
an original maturity of three months or less, that are readily
convertible to a known amount of cash and subject to an
insignificant risk of changes in value.

For the purpose of the standalone 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.

r. Dividend

The Company recognises a liability to pay dividend to equity
holders of the Company when the distribution is authorised,
and the distribution is no longer at the discretion of the
Company. As per the corporate laws in India, a distribution
is authorised when it is approved by the shareholders. A
corresponding amount is recognised directly in equity.

s. Earnings per share

Basic earnings per share is calculated by dividing the net
profit or loss attributable to equity holders of Company
(after deducting attributable taxes) by the weighted average
number of equity shares outstanding during the period.

The weighted average number of equity shares outstanding
during the period is adjusted for events such as bonus issue,
bonus element in a rights issue, share split, and reverse share
split (consolidation of shares) that have changed the number
of equity shares outstanding, without a corresponding
change in resources.

For the purpose of calculating diluted earnings per share,
the net profit or loss for the period attributable to equity
shareholders of the Company and the weighted average
number of shares outstanding during the period are adjusted
for the effects of all dilutive potential equity shares.

2.3 New and amended standards

The Company applied for the first-time certain standards
and amendments, which are effective for annual periods
beginning on or after 1 April 2025. The Company has not
early adopted any standard, interpretation or amendment
that has been issued but is not yet effective.

(i) Amendments to Ind AS 21 - Lack of exchangeability

The Ministry of Corporate Affairs (MCA) notified the
Companies (Indian Accounting Standards) Amendment
Rules, 2025, which amend Ind AS 21, The Effects of Changes
in Foreign Exchange Rates 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 also require disclosure of
information that enables users of its financial statements

to understand how the currency not being exchangeable
into the other currency 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 1 April 2025. When applying
the amendments, an entity cannot restate comparative
information.

The amendments do not have a material impact on the
Company's standalone financial statements.

(ii) Amendments to Ind AS 1 - Classification of
Liabilities as Current or Non current and Non current
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 non current. The amendments clarify:

• What is meant by a right to defer settlement

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

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

• 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 have not had an impact on the
classification of Company's liabilities.

(iii) Amendments to Ind AS 7 and Ind AS 107 - Supplier
Finance Arrangements

In August 2025, the MCA notified amendments to Ind
AS 7 Statement of Cash Flows and Ind AS 107 Financial
Instruments: Disclosures to clarify the characteristics of
supplier finance arrangements and require additional
disclosure of such arrangements. The disclosure
requirements in the amendments are intended to assist
users of financial statements in understanding the effects of
supplier finance arrangements on an entity's liabilities, cash
flows and exposure to liquidity risk.

The amendments do not have a material impact on the
Company's standalone financial statements.

(iv) International Tax Reform—Pillar Two Model
Rules - Amendments to Ind AS 12

In August 2025, the MCA notified amendments to Ind AS 12
Income Taxes in response to the OECD's BEPS Pillar Two
rules and include:

• A mandatory temporary exception to the recognition
and disclosure of deferred taxes arising from the
jurisdictional implementation of the Pillar Two model
rules; and

• Disclosure requirements for affected entities to help
users of the financial statements better understand
an entity's exposure to Pillar Two income taxes arising
from that legislation, particularly before its effective
date.

The mandatory temporary exception - the use of which
is required to be disclosed - applies immediately. The
remaining disclosure requirements apply for annual
reporting periods beginning on or after 1 April 2025, but not
for any interim periods ending on or before 31 March 2026.

The amendments had no impact on the Company's
standalone financial statements as the Company is not in
scope of the Pillar Two model rules.

2.4 Standards notified but not yet effective

The amendments to the 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 financial
statements are disclosed below. The Company will adopt
these amendments to the standards, when they become
effective.

(i) Amendments to Ind AS 1 - Classification of
Liabilities as Current or Non current and Non current
Liabilities with Covenants and Ind AS 10 Events after
the Reporting Period

Ind AS 10 has been amended to remove the previous
treatment under which a lender's post reporting date
waiver—granted before the financial statements were
approved for issue—of a breach of a material covenant in
a long term loan arrangement that occurred on or before
the end of the reporting period, resulting in the liability
becoming payable on demand at the reporting date, was
regarded as an adjusting event (Refer note 2.3).

For annual reporting periods beginning on or after 1 April
2026, any breach of a covenant—whether material or
immaterial—occurring on or before the reporting date will,
in accordance with Ind AS 1, require the related liability to
be classified as current, unless the lender has granted a
waiver of the breach on or before the reporting date and
has agreed not to demand repayment for at least 12 months
after the reporting date as a consequence of the breach.
Such a waiver shall be treated as an adjusting event.

The amendments are effective for annual reporting periods
beginning on or after 1 April 2026 retrospectively in
accordance with Ind AS 8.

No trade or other receivable are due from directors or other officers of the company either severally or jointly with any other
person. Nor any trade or other receivable are due from firms or private companies respectively in which any director is a
partner, a director or a member, other than those disclosed in note 40.

Trade receivables are non-interest bearing and are normally settled on 30-60 days terms.

Refer note 32 on credit risk of trade receivables, which explains how the Company manages and measures credit quality of
trade receivables that are neither past due or impaired. For terms and conditions relating to related party receivables, refer
note 43.

*The Board of Directors at its meeting held on 15 May 2025 approved a proposal to buyback fully paid up 215,520 equity shares of the Company having
a face value of ' 10 each at a price of ' 464 per equity share, for an aggregate amount not exceeding ' 1,000 lakhs through tender offer process in
accordance with Companies Act, 2013 and rules made thereunder, and the Securities and Exchange Board of India (Buy-Back of Securities) Regulations,
2018 (the 'SEBI Buyback Regulations') as amended. The buyback issue opened on 02 June 2025 and closed on 06 June 2025 (both days inclusive).
In accordance with relevant statutory provisions, the Company has created a capital redemption reserve of ' 22 lakhs, equal to the nominal value of shares
bought back, as an appropriation from retained earnings.

b. Terms/rights attached to equity shares

The Company has only one class of equity shares having a par value of ' 10 per share. Each holder of equity shares is entitled
to one vote per share. The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of
Directors 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 shareholders.

Nature and purpose of reserves:

14.1 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 bonus shares in accordance
with the provisions of the Companies Act, 2013.

14.2 Capital reserve

Capital reserve represents the difference between value of
the net assets transferred to the Company in the course of
business combinations and the consideration paid for such
combinations.

14.3 Share based payment reserve

The Company has two share option schemes under which
options to subscribe for the Company's shares have been
granted to certain executives and senior employees. The
share-based payment reserve is used to recognise the
value of equity-settled share-based payments provided to
employees, including key management personnel, as part
of their remuneration.

Refer note 31 for further details of these plans.

14.4 General reserve

General reserve is the retained earning of the Company
which is kept aside out of the Company's profits to meet
future (known or unknown) obligations.

14.5 Retained earnings

Retained earnings are created from the profit/loss of the Company, as adjusted for distributions to owners, transfers to other
reserves, etc.

14.6 Capital redemeption reserve

Capital Redemption Reserve is created on redemption or buy-back of the Company's own shares out of profits otherwise
available for distribution. The reserve represents the amount transferred from retained earnings equivalent to the nominal
value of the shares redeemed. This reserve is maintained in accordance with statutory requirements and may be utilized only
for issuing fully paid bonus shares.

The Company has arrangements with the customer which are on "time and material” basis. The performance obligation in
case of time and material contracts is satisfied over time. Revenue is recognised as and when the services are performed.

The Company also performs work under "fixed-price” arrangements. Revenue from fixed-price contracts is recognized as
per the 'percentage- of-completion' method, where the performance obligations are satisfied over time and when there
is no uncertainty as to measurement or collectability of consideration. When there is uncertainty as to measurement or
ultimate collectability, revenue recognition is postponed until such uncertainty is resolved. Percentage of completion is
determined based on the project costs incurred to date as a percentage of total estimated project costs required to complete
the project. The input method has been used to measure the progress towards completion as there is direct relationship
between input and productivity.

Contract liabilities represents the obligation of the Company to perform services for which the entity has received
consideration from the customer.

NOTE 24.1: New Labour codes

The Government of India has consolidated 29 existing labour legislations into a united framework comprising four Labour
Codes viz Code on Wages, 2019, Industrial Relations Code, 2020, Code on Social Security, 2020, and Occupational Safety,
Health and Working Conditions Code, 2020 (collectively referred to as 'the New Labour Codes'). The New Labour Codes
have been made effective from 21 November 2025. 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 considered restructured compensation of its employees with effect from 01 January 2026, and assessed
the impact of the changes, consistent with the Labour Codes, draft rules and FAQs. Basis the Company's assessment, there
is no material impact on the standalone financial statements for the year ended 31 March 2026. The Company continues to
monitor the finalisation of Central/State Rules and clarifications from the Government on other aspects of the New Labour
Codes and would provide appropriate accounting effect on the basis of such developments as needed.

NOTE 28: EARNINGS PER SHARE (EPS)

Basic EPS amounts are calculated by dividing the profit for the year attributable to equity holders of the Company by the
weighted average number of Equity shares outstanding during the year.

Diluted EPS amounts are calculated by dividing the profit attributable to equity holders of the Company by the weighted
average number of Equity shares outstanding during the year plus the weighted average number of Equity shares that would
be issued on conversion of all the dilutive potential Equity shares into Equity shares.

NOTE 29: EMPLOYEE BENEFIT OBLIGATION
A: Defined contribution plan

The Company makes Provident fund and Employee
State Insurance Scheme contributions which are defined
contribution plans, for qualifying employees. Under the
schemes, the Company is required to contribute a specified
percentage of the payroll costs to fund the benefits. The
Company recognised ' 624 Lakhs for the year ended 31
March 2026 (' 501 lakhs for the year ended 31 March 2025)
for Provident Fund contributions in the Statement of Profit
and Loss. The contributions payable to these plans by the
Company are at rates specified in the rules of the schemes.

B: Defined benefit plan

The Company has a defined benefit post employment
gratuity plan. Every employee who has completed five
years or more of service gets a gratuity pay-out as per the
Payment of Gratuity Act, 1972.

The Company operates gratuity plan through LIC's Group
Gratuity scheme where every employee is entitled to the
benefit equivalent to fifteen days salary last drawn for
each completed year of service. The same is payable on
termination of service or retirement whichever is earlier. The
benefit vests after five years of continuous service.

The following table sets out the components of net gratuity
benefit expense recognised in Statement of Profit and
Loss and the funded status and amounts recognised in the
Balance Sheet for the respective plans:

c) Major risks to the plan

A. Actual Risk:

It is risk that benefits will cost more than expected. This can
arise due to adverse salary growth experience, variability in
mortality rates and in withdrawl rates.

B. Investment Risk:

For funded plans that rely on insurers for managing the
assets, the value of assets certified by the insurer may not be
the fair value investment backing the liability. In such cases,
the present value of the assets is independent of the future
discount rate. This can result in wide fluctuations in the net
liability or the funded status if there are significant changes
in the discount rate during the inter-valuation period.

C. Liquidity Risk:

Employees with high salaries and long duration or those
higher in heirarchy, accumulate significant level of benefits.
If some of such employees resign/retire from the Group
there can be strain on the cash flows.

D. Market Risk:

Market risk is a collective term for risks that are related to
the changes and fluctuations of the financial markets. One
actuarial assumption has a material effect in the discount
rate. The discount rate reflects the time value of money.
An increase in the discounting rate leads to decrease in the
defined beneft obligation of the plan benefits and vice versa.
This assumption depends on the corporate/government
bonds and hence the valuation of liability is exposed to
fluctuations in the yields as at teh valuation date.

NOTE 30: SEGMENT INFORMATION

The Company is primarily engaged in business of software
development services, specializing in business application
development for web and mobile and operate at Capability
Maturity Model Integration (CMMI) level 5, which is
considered by the management to constitute one business
segment. Accordingly, there is no other separate reportable
segment as defined by Ind AS 108 "Operating Segments”,
however the company has presented geographical
information in the consolidated financial statements.

NOTE 31: SHARE BASED PAYMENT
General Employee Share-option Plan

The employee stock option plan is designed to provide
incentives to the employees of the company to deliver long¬
term returns and is an equity settled plan. The ESOP Scheme
is administered by the Nomination and Remuneration
committee. Participation in the plan is at the Nomination
and Remuneration committee's discretion and no individual
has a contractual right to participate in the pIan or to receive
any guaranteed benefits. The Nomination and remuneration
committee of the company has approved multiple grants
with related vesting conditions. Vesting of the options would
be subject to continuous employment with the company
and hence the options would vest with passage of time.
The ESOP schemes have service condition, which require
the employee to complete a period of 5 years of continuous
service, as a vesting condition. The vesting pattern of various
schemes has been provided below:

Each of these scheme has in total 5 grants, to be announced
every year for the next 4 years from the date of the first
grant, and vesting period for all these granted options is 5
years from the date of the first grant.

NOTE 32: FINANCIAL RISK MANAGEMENT
OBJECTIVES AND POLICIES

The Company's principal financial liabilities, other than
derivatives, comprise employee payable, lease payable,
trade and and other payables. The main purpose of these
financial liabilities is to finance the Company's operations
and to provide guarantees to support its operations. The
Company's principal financial assets include investments,
trade receivables, cash and cash equivalents, and other

financial assets that derive directly from its operations.
The Company also holds investments in debt and equity
instruments and enters into derivative transactions.

The Company is exposed to market risk, credit risk,
liquidity risk and interest rate risk. The Company's senior
management oversees the management of these risks.
The Company's senior management is supported by a
financial risk committee that advises on financial risks and
the appropriate financial risk governance framework for the

Company. The financial risk committee provides assurance
to the Company's senior management that the Company's
financial risk activities 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. AH derivative activities for risk
management purposes are carried out by specialist teams
that have the appropriate skills, experience and supervision.
It is the Company's policy that no trading in derivatives for
speculative purposes may be undertaken. The Board of
Directors reviews and agrees policies for managing each of
these risks, which are summarised below.

(a) Market risk

Market risk is the risk that the fair value of future cash flows
of a financial instrument will fluctuate because of changes
in market prices. Market risk comprises three types of risk:
interest rate risk, currency risk and other price risk, such as
equity price risk and commodity risk. Financial instruments
affected by market risk include trade receivable and
investments and derivative financial instruments.

Foreign currency risk

Foreign currency risk is the risk that the fair value or future
cash flows of an exposure will fluctuate because of changes
in foreign exchange rates. The Company's exposure to the
risk of changes in foreign exchange rates relates primarily
to the Company's operating activities (when revenue or
expense is denominated in a foreign currency) and the
Company's net investments in foreign subsidiaries.

The Company has a policy to keep 50 % forex exposure
on the books that are likely to occur within a maximum
12-month period for hedges of foreign currency exposure
of the underlying transactions.

When a derivative is entered into for the purpose of being
a hedge, the Company negotiates the terms of those
derivatives to match the terms of the hedged exposure.
For hedges of forecast transactions the derivatives cover
the period of exposure from the point the cash flows of the
transactions are forecasted up to the point of settlement of
the resulting receivable or payable that is denominated in
the foreign currency.

Foreign currency sensitivity

The following tables demonstrate the sensitivity to a reasonably possible change in USD, AED & Euro exchange rates, with all
other variables held constant. The impact on the Company's profit before tax is due to changes in the fair value of monetary
assets and liabilities including non-designated foreign currency derivatives. The Company's exposure to foreign currency
changes for all other currencies is not material.

Equity price risk

The Company's listed equity securities/mutual fund
investments are susceptible to market price risk arising
from uncertainties about future values of the investment
securities. The Company manages the equity price risk
through diversification and by placing limits on individual
and total equity instruments. Reports on the equity portfolio
are submitted to the Company's senior management on a
regular basis. The Company's Board of Directors reviews and
approves all equity investment decisions.

At the reporting date, the exposure to mutual funds (with
equity component) was ' 1,911 Lakhs (31 March 2025:
' 1,801 Lakhs).

(b) Credit risk

Credit risk is the risk that a counterparty will not meet its
obligations under a financial instrument or customer
contract, leading to a financial loss. The Company is

exposed to credit risk from its operating activities (primarily
trade receivables) and from its financing activities, including
deposits with banks, foreign exchange transactions and
other financial instruments.

Trade receivables

Customer credit risk is managed by each business unit
subject to the Company's established policy, procedures
and control relating to customer credit risk management.
Credit quality of a customer is assessed based on an
extensive credit rating scorecard and individual credit limits
are defined in accordance with this assessment. At March
31, 2026, the Company had 3 customers (March 31, 2025:
7 customers) that owed the Company more than 5% each
of total receivable and accounted for approximately 66%
(March 31, 2025: 76.56%) of all the receivables outstanding.
At March 31, 2026, the Company had 2 customer (March 31,
2025: 3 customers) that owed the Company more than 10%
each of total receivable.

Financial instruments and cash deposits

Credit risk from balances with banks and financial institutions
is managed by the Company's treasury department in
accordance with the Company's policy. Investments of
surplus funds are made only with approved counterparties
and within credit limits assigned to each counterparty.
Counterparty credit limits are reviewed by the Company's
Board of Directors on an annual basis, and may be updated
throughout the year. The limits are set to minimise the
concentration of risks and therefore mitigate financial loss
through counterparty's potential failure to make payments.

The Company's maximum exposure to credit risk for the
components of the balance sheet as at 31 March 2026 and
31 March 2025 is the carrying amounts of each class of
financial assets.

(c) Liquidity risk

Liquidity risk is the risk that the Company may encounter
difficulty in meeting its present and future obligations
associated with financial liabilities that are required to be
settled by delivering cash or another financial asset. The
Company's objective is to, at all times, maintain optimum
levels of liquidity to meet its cash and collateral obligations.
The Company requires funds both for short term operational
needs as well as for long term investment programs mainly in
growth projects. The Company closely monitors its liquidity
position and deploys a robust cash management system. It
aims to minimise these risks by generating sufficient cash
flows from its current operations, which in addition to the
available cash and cash equivalents, liquid investments and
sufficient committed fund facilities, will provide liquidity.

(d)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 doesn't have any borrowing during the current year, and hence it is not exposed to risk of changes in market
interest rates. Hence sensitivity with respect to change in interest rates is not given.

NOTE 33: CAPITAL MANAGEMENT

For the purpose of the Company's capital management, capital includes issued equity capital and all other equity reserves
attributable to the equity holders of the Company. The primary objective of the Company's capital management is to
ensure that it maintains a strong credit rating and healthy capital ratios in order to support its business and maximise
shareholder value.

NOTE 36: LEASES

The Company has lease contracts for immovable property ranging between 3 and 5 years. The Company's obligations
under its leases are secured by the lessor's title to the leased assets. Generally, the Company is restricted from assigning and
subleasing the leased assets. There are several lease contracts that include extension and termination options and variable
lease payments, which are further discussed below.

The Company's significant leasing arrangements are in respect of office premises taken on leave and licence basis.

(i) The following is the summary of practical expedients elected:

a) Applied a single discount rate to a portfolio of leases of similar assets in similar economic environment with a
similar end date.

b) Applied the exemption not to recognize right-of-use assets and liabilities for leases:
a. with less than 12 months of lease term on the date of initial application.

(ii) The effect of depreciation and interest related to Right of use asset and lease liability are reflected in the Statement of
Profit and Loss under the heading "Depreciation and Amortisation Expense” and "Finance costs” (Refer note 25 & 26).

(iii) The weighted average incremental borrowing rate applied to lease liabilities for FY 25-26 is 7.75%.

NOTE 37: HEDGING ACTIVITIES AND DERIVATIVES

The Company is exposed to certain risk relating to its ongoing business operations. The primary risk managed using derivative
instruments is foreign currency risk.

The company's risk management strategy and how it is applied to manage risk is explained in note 32.

Derivatives not designated as hedging instruments:

The Company uses foreign exchange forward contracts to manage some of its transaction exposures. The foreign exchange
forward contracts are not designated as cash flow hedges and are entered into for periods consistent with foreign currency
exposure of the underlying transactions, generally from 1 to 6 months.

Foreign currency risk:

The Company uses foreign exchange forward contracts to manage its exposure to foreign currency transaction risks arising
primarily from forecast USD and EURO - denominated sales. As at the reporting date, approximately 50% of the Company's
expected sales in USD and EURO are covered through such forward contracts. These derivative instruments are entered into
for risk management purposes; however, they are not designated as hedging instruments under Ind AS 109. Accordingly, the
forward contracts are measured at fair value at each reporting date, with changes in fair value recognized in the Statement
of Profit and Loss. The outstanding forward contract balances vary based on the level of expected foreign currency sales
and movements in forward foreign exchange rates. The Company does not apply hedge accounting as the contracts are not
formally designated as hedging relationships in accordance with Ind AS 109.

NOTE 38: SIGNIFICANT ACCOUNTING
JUDGEMENTS, ESTIMATES AND ASSUMPTIONS

The preparation of the Company's standalone financial
statements requires management to make judgements,
estimates and assumptions that affect the reported amounts
of revenues, expenses, assets and liabilities, and the
accompanying disclosures, and the disclosure of contingent
liabilities. Uncertainty about these assumptions and
estimates could result in outcomes that require a material
adjustment to the carrying amount of assets or liabilities
affected in future periods.

Other disclosures relating to the Company's exposure to
risks and uncertainties includes:

Capital management Note 33

Sensitivity analysis disclosures Note 32

Financial risk management objectives and policies Note 32

Judgements

Determining the lease term of contracts with renewal
and termination options - Company as lessee

The Company determines the lease term as the non¬
cancellable term of the lease, together with any periods
covered by an option to extend the lease if it is reasonably
certain to be exercised, or any periods covered by an option
to terminate the lease, if it is reasonably certain not to be
exercised.

The Company has several lease contracts that include
extension and termination options. The Company applies
judgement in evaluating whether it is reasonably certain
whether or not to exercise the option to renew or
terminate the lease. That is, it considers all relevant factors
that create an economic incentive for it to exercise either
the renewal or termination. After the commencement
date, the Company reassesses the lease term if there
is a significant event or change in circumstances that is
within its control and affects its ability to exercise or not

to exercise the option to renew or to terminate (e.g.,
construction of significant leasehold improvements or
significant customisation to the leased asset).

Estimates and assumptions

The key assumptions concerning the future and other key
sources of estimation uncertainty at the reporting date, that
have a significant risk of causing a material adjustment to
the carrying amounts of assets and liabilities within the next
financial year, are described below. The Company based its
assumptions and estimates on parameters available when the
financial statements were prepared. Existing circumstances
and assumptions about future developments, however, may
change due to market changes or circumstances arising
that are beyond the control of the Company. Such changes
are reflected in the assumptions when they occur.

(i) Defined employee benefit plans (Gratuity)

The cost of the defined benefit gratuity plan and the present
value of the gratuity obligation are determined using actuarial
valuations. 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.

The parameter most subject to change is the discount
rate. In determining the appropriate discount rate for plans
operated in India, the management considers the interest
rates of government bonds in currencies consistent with the
currencies of the post-employment benefit obligation.

The mortality rate is based on publicly available mortality
tables for the specific countries. Those mortality tables
tend to change only at interval in response to demographic
changes. Future salary increases and gratuity increases are
based on expected future inflation rates for the respective
countries. Further details about gratuity obligations are
given in note 29.

(ii) Estimating the incremental borrowing rate -
leases

The Company cannot readily determine the interest rate
implicit in the lease, therefore, it uses its incremental
borrowing rate (IBR) to measure lease liabilities. The IBR is
the rate of interest that the Company would have to pay
to borrow over a similar term, and with a similar security,
the funds necessary to obtain an asset of a similar value to
the right-of-use asset in a similar economic environment.
The IBR therefore reflects what the Company 'would have
to pay', which requires estimation when no observable rates
are available or when they need to be adjusted to reflect the
terms and conditions of the lease.

The Company estimates the IBR using observable inputs
(such as market interest rates) when available and is required
to make certain entity-specific estimates.

(iii) Allowance for uncollectible trade receivables

The Company uses a provision matrix to calculate ECLs for
trade receivables. The provision rates are based on days
past due for groupings of various customer segments that
have similar loss patterns (i.e., by geography, product type,
customer type and rating etc.). The provision matrix is
initially based on the Company's historical observed default
rates. The Company will calibrate the matrix to adjust the
historical credit loss experience with forward-looking
information. At every reporting date, the historical observed
default rates are updated and changes in the forward¬
looking estimates are analysed.

The assessment of the correlation between historical
observed default rates, forecast economic conditions
and ECLs is a significant estimate. The amount of ECLs
is sensitive to changes in circumstances and of forecast
economic conditions. The Company's historical credit loss
experience and forecast of economic conditions may also
not be representative of customer's actual default in the
future.

(iv) Share-based payments

The Company measures the cost of equity-settled
transactions with employees using Black Scholes model to
determine the fair value of options. Estimating fair value for
share-based payment transactions requires determination of
the most appropriate valuation model, which is dependent
on the terms and conditions relating to vesting of the grant.
This estimate also requires determination of the most
appropriate inputs to the valuation model including the
expected life of the share option, volatility and dividend yield
and assumptions about them. The assumptions and models
used for estimating fair value for share-based payment
transactions are disclosed in Note 31.

(v) Impairment of investment in subsidiary

The Company tests whether there is any indication of
impairment in investment in subsidiaries at least on an annual
basis. In case of such indication, the recoverable amount
of a particular investment is determined based on value-in¬
use calculations of underlying Cash generating Unit (CGU)
which require the use of assumptions. The calculations use
cash flow projections based on financial budgets approved
by management covering a five-year period. Cash flows
beyond the five-year period are extrapolated using the
estimated growth, consistent with industry forecasts. The
growth rates are consistent with forecasts included in
industry reports specific to the industry in which each CGU
operates.

(vi) Deferred taxes

At each reporting date, the company assesses whether the realization of future tax benefits is sufficiently probable to
recognize/carry forward deferred tax assets (including MAT credits). This assessment requires the use of significant estimates/
assumptions with respect to assessment of future taxable income. The recorded amount of total deferred tax assets
could change if estimates of projected future taxable income change or if changes in current tax regulations are enacted.
(Refer note 21)

NOTE 40: COMMITMENTS AND CONTINGENT
LIABILITIES(a) Commitments

Estimated amount of contracts remaining to be executed
on capital account and not provided for as at 31 March 2026
is ' Nil (31 March 2025: ' Nil).

(b) Contingent Liabilities

The contingent liabilities for the company as at 31 March
2026 are Nil (31 March 2025: NIL).

(c) Financial Guarantee

The company has not given any financial guarantee on its
behalf or on behalf of its subsidiaries.

NOTE 41: AMALGAMATION OF INFOBEANS
CLOUDTECH LIMITED WITH THE COMPANY

The Board of Directors of the Company at its meeting
dated 02 May 2025 have approved the draft scheme of
amalgamation of Infobeans Cloudtech Limited (a wholly
owned subsidiary of the Company) with the Company
under Sections 230 to 232 and other applicable provisions,
if any, of the Companies Act, 2013 ('the Act') subject to the
requisite approvals under the Act and the sanction of the
scheme by National Company Law Tribunal ("NCLT”). The
appointed date of the said scheme is April 01, 2025 or such
other date as may be approved by the NCLT or any other
competent authority. No effect of the scheme has been
given in the standalone financial statements as the same is
yet to be approved by NCLT.

NOTE 42: MAINTENANCE OF BOOKS OF ACCOUNTS AND AUDIT TRAIL

As required by Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014, the Company has used Tally ERP accounting
software for maintaining its books of account which has a feature of recording audit trail (edit log) facility and the same has
operated throughout the year for all relevant transactions recorded in the software. Further, management has not come
across any instance of the audit trail feature being tampered with in respect of Tally ERP accounting software where the
audit trail has been enabled. Additionally, the audit trail of relevant prior year has been preserved by the Company as per the
statutory requirements for record retention, to the extent it was enabled and recorded in that year.

For payroll processing, the Company has used a software which is operated by a third-party software service provider. Based
on the Service Organisation Controls report in respect of such third-party service provider as obtained by the management,
the accounting software used by such third-party service provider has a feature of recording audit trail (edit log) facility; and
the same has operated throughout the year for all relevant transactions recorded in that software. Further, the Management
did not come across any instance of the audit trail feature being tampered with, in respect of such software where the audit
trail has been enabled. Further, in respect of the financial years ended March 31, 2025 and March 31, 2024, in the absence of
Service Organisation Controls report, we are unable to assess whether the audit trail has been preserved as per the statutory
requirements for record retention.

Further, the Company has used accounting software to maintain revenue records which does not have the feature of
recording audit trail (edit log) facility.

Terms and conditions of transactions with related
parties

1. Sales to related parties and concerned balances

For terms of transaction

Sales to related parties are made in the ordinary course of
business. The Company mutually negotiates and agrees
sales price and payment terms with the related parties. Such
sales generally include payment terms requiring related
party to make payment within 15 to 30 days from the date
of invoice (31 March 2025: within 15 to 30 days from the
date of invoice).

For terms of balance

Trade receivables outstanding balances are unsecured,
interest free and require settlement in cash. No guarantee or
other security has been received against these receivables.
The amounts are recoverable within 15 to 30 days from
the reporting date (31 March 2025: 15 to 30 days from the
reporting date). For the year ended 31 March 2026, the

Company has not recorded any impairment on receivables
due from related parties (31 March 2025: Nil).

2. Purchases of services and related balances

For terms of transaction

Purchases are made from related parties on the same terms
as applicable to third parties and are in the ordinary course
of business. The Company mutually negotiates and agrees
purchase price and payment terms with the related parties.
Such purchases generally include payment terms requiring
the Company to make payment within 15 to 30 days from
the date of invoice (31 March 2025: within 15 to 30 days
from the date of invoice).

For terms of balance

Trade payables outstanding balances are unsecured, interest
free and require settlement in cash. No guarantee or other
security has been given against these payables. The amounts
are payable within 15 to 30 days from the reporting date (31
March 2025: 15 to 30 days from the reporting date).

3. Loans given to related parties

Loan to subsidiary

The loan granted to Ecoplex Infra Private Limited is intended to finance an acquisition of new premise for the construction
of proposed IT park. The loan is unsecured and repayable in full on 14 October 2026. Interest is charged at 12%. The
loan has been utilized for the purpose it was granted, viz., Construction related expenses such as land premium, architech
fees etc. For the year ended 31 March 2026, the Company has not recorded any impairment on loans due from Ecoplex
(31 March 2025: Nil).

4. Compensation of key management personnel of the Company

The amounts disclosed in the table are the amounts recognised as an expense during the reporting period related to key
management personnel.

No share options have been granted to the executive members of the Board of Directors under the Employee Stock
Option plan.

NOTE 45: ADDITIONAL DISCLOSURES
REQUIRED BY SCHEDULE III (DIVISION II) OF
THE ACT, AS AMENDED

(i) No proceedings have been initiated or are pending
against the Company for holding any Benami property
under the Benami Transactions (Prohibition) Act, 1988
and rules made thereunder.

(ii) The Company does not have any transaction with
the companies struck off under Section 248 of the
Companies Act, 2013 or Section 560 of Companies
Act, 1956.

(iii) There are no charges or satisfaction which is yet to be
registered with ROC beyond the statutory period.

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

(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
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 Funding Party (Ultimate
Beneficiaries) or

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

(vi) The Company has not received any fund from any
person(s) or entity(ies), 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.

(vii) The Company does not have any transaction which is
not recorded in the books of accounts that has been
surrendered or disclosed as income during the current
year and previous 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.

(viii) The Company has not been declared wilful defaulter by
any bank or financial institution or other lender.