q) Provisions, contingent liabilities, and contingent assets

Provisions are recognized for liabilities that can be measured only by using a substantial degree of estimation, if:

I) the Company has a present obligation as a result of a past event;

II) a probable outflow of resources is expected to settle the obligation; and

III) the amount of the obligation can be reliably estimated.

Provision is measured using the cash flows estimated to settle the present obligation and when the effect of time value of
money is material, the carrying amount of the provision is the present value of those cash flow. Reimbursement expected in
respect of expenditure required to settle a provision is recognized only when it is virtually certain that the reimbursement will
be received and a reliable estimate can be made of the amount of the obligation.

Provisions for onerous contracts are recognized when the expected benefits to be derived by the Company from a contract are
lower than the unavoidable costs of meeting the future obligations under the contract. Provisions for onerous contracts are
measured at the present value of lower of the expected net cost of fulfilling the contract and the expected cost of terminating
the contract.

Contingent liability is disclosed in case of,

I) a present obligation arising from a past event when it is not probable that an outflow of resources will be required to
settle the obligation or the amount of obligation cannot be measured with sufficient reliability; or

II) 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.

Contingent assets are neither recognized nor disclosed.

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

r) Earnings per share

Basic earnings per share is computed by dividing the net profit after tax by the weighted average number of equity shares
outstanding during the year, adjusted for treasury shares held and bonus elements in equity shares issued during the year.

Diluted EPS is computed by dividing the net profit after tax by the weighted average number of equity shares considered for
deriving basic EPS and also weighted average number of equity shares that could have been issued upon conversion of all
dilutive potential equity shares. Dilutive potential equity shares are deemed converted as of the beginning of the year, unless
issued at a later date. Dilutive potential equity shares are determined independently for each period presented.

s) Statement of Cash flows

Statement of Cash flows is prepared segregating the cash flows from operating, investing and financing activities. Statement
of Cash flows is reported using indirect method, whereby profit for the year is adjusted for the effects of transactions of a non
cash nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses
associated with investing or financing cash flows.

t) Business Combination

Business combinations other than the common control transactions are accounted for applying the acquisition method. The
purchase price is measured as the fair value of the assets transferred, equity instruments issued and liabilities incurred or
assumed at the date of obtaining control. The cost of acquisition also includes the fair value of any contingent consideration.
Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at
their fair value on the date of acquisition. The contingent consideration is measured at fair value at each reporting date.

Transaction costs incurred in connection with a business acquisition are expensed as incurred. Any subsequent changes to the
fair value of contingent consideration classified as liabilities, other than measurement period adjustments, are recognized in the
statement of profit and loss.

Goodwill represents the cost of the acquired businesses in excess of the fair value of identifiable tangible and intangible net
assets purchased.

Business combinations through common control transactions are accounted on a pooling of interest method. No adjustments
are made to reflect the fair values, or recognize any new assets or liabilities, except to harmonize accounting policies. The identity
of the reserves are preserved and the reserves of the transferor becomes the reserves of the transferee. The difference between
consideration paid and the net assets acquired, if any, is recorded under capital reserve / retained earnings, as applicable.

u) Recent accounting pronouncement

Ministry of Corporate Affairs ("MCA") notifies new standards or amendments to the existing standards under Companies
(Indian Accounting Standards) Rules as issued from time to time. For the year ended March 31, 2025, MCA has notified Ind
AS - 117 Insurance Contracts and amendments to Ind AS 116 - Leases, relating to sale and leaseback transactions, applicable
to the Company w.e.f. April 1, 2024. The Company has reviewed the new pronouncements and based on its evaluation has
determined that it does not have any significant impact in its financial statements.

Notes:

1 Capital reserve on business combination represents the gains of capital nature which mainly include the excess of value of net assets acquired
over consideration paid by the Company for business amalgamation transactions in earlier years. It also represents capital reserve on business
combination which arises on transfer of business between entities under common control.

2 It represents a sum equal to the nominal value of the share capital extinguished on buyback of Company's own shares pursuant to Section 69
of the Companies Act, 2013.

3 Securities premium includes:

(a) The difference between the face value of the equity shares and the consideration received in respect of shares issued;

(b) The fair value of the stock options which are treated as expense, if any, in respect of shares allotted pursuant to Stock Options Scheme.

(c) Incremental directly attributable costs incurred in issuing or acquiring an entity's own equity instruments.

4 The Company created a General reserve in earlier years pursuant to the provisions of the Companies Act,1956 where in certain percentage of
profits was required to be transferred to General reserve before declaring dividends. As per Companies Act 2013, the requirements to transfer
profits to General reserve is not mandatory. General reserve is a free reserve available to the Company.

5 It represents the fair value of services received against employees stock options.

6 The hedging reserve represents the cumulative effective portion of gains or losses arising on changes in fair value of designated portion of
hedging instruments entered into for cash flow hedges. Such gains or losses will be reclassified to Statement of profit and loss in the period in
which the hedged transaction occurs.

7 Retained earnings represents the undistributed profits of the Company accumulated as on Balance Sheet date.

(I) Performance obligations and remaining performance obligations:

The remaining performance obligation disclosure provides the aggregate amount of the transaction price yet to be
recognized as at the end of the reporting year and an explanation as to when the Company expects to recognize
these amounts in revenue. Applying the practical expedient as given in Ind AS 115, the Company has not disclosed the
remaining performance obligation related disclosures for contracts where the revenue recognized is on time and material
basis. Remaining performance obligation estimates are subject to change and are affected by several factors, including
terminations, changes in the scope of contracts, periodic revalidations, adjustment for revenue that has not materialized
and adjustments for currency.

The aggregate value of performance obligations that are completely or partially unsatisfied as at March 31, 2025, other
than those meeting the exclusion criteria mentioned above, is I 293,181 (As at March 31, 2024: I 241,698). Out of this,
the Company expects to recognize revenue of around 62% (As at March 31, 2024: 67%) within the next one year and
the remaining thereafter.

Major matters in relation to Income Tax

The Company has received following tax demands as at March 31, 2025:

1. I 3,095 including interest of I 212 as at March 31, 2025 (As at March 31, 2024: demand of I 3,095 including interest
of I 212), on account of disallowance of exemption u/s 10A/10AA on profits earned by STPI Units/SEZ units on onsite
export revenue.

2. I 927 (As at March 31, 2024: I 923) majorly on account of disallowance of certain expenses under section 40(a)(ia) and
addition to income under section 69.

3. I 757 (As at March 31, 2024: I 784) primarily on account of transfer pricing adjustments.

Major matters in relation to Indirect taxes

The Company has received tax demand of I 4,579 (As at March 31, 2024: I 1,984) on account of zero rated supply and
ITC disallowances.

In respect of the above matters, the Company is in appeal against these disallowances before the relevant Authorities.

The Company believes that its position is likely to be upheld by appellate authorities and considering the facts, the ultimate
outcome of these proceedings is not likely to have material adverse effect on the results of operations or the financial position.

36. (I) Estimated amount of contracts remaining to be executed on capital account (net of advances) and not provided for is I 6,340

(As at March 31, 2024: I 4,986).

(II) Uncalled capital commitments outstanding as at March 31, 2025 is I 1,999.

37. Employee benefits

I) General descriptions of defined benefit plans:

i) Gratuity plan

The Company provides for gratuity, a defined benefit retirement plan ("the Gratuity Plan") covering eligible
employees of LTIMindtree. The Gratuity Plan provides a lumpsum payment to vested employees at retirement,
death, incapacitation or termination of employment, of an amount based on the respective employee's salary and
the tenure of employment with the Company.

The Company contributes gratuity liabilities to the LTIMindtree Employees' Group Gratuity Assurance Scheme for
employees based in India. Trustees administer contributions made to the Trusts and contributions are invested in
schemes with Insurers as permitted by Indian law.

ii) Post-retirement medical benefit plan

The post-retirement medical benefit plan provides for reimbursement of health care costs to certain categories of
employees post their retirement. The reimbursement is subject to an overall ceiling limit sanctioned at the time of
retirement. The ceiling limits are based on cadre of the employee at the time of retirement.

iii) Provident fund plan

The Company's provident fund plan is managed by its holding company through a Trust permitted under the Provident
Fund Act, 1952. The plan envisages contribution by employer and employees of the Company and guarantees
interest at the rate notified by the Provident Fund Authority. The contribution by employer and employee together
with interest are payable at the time of separation from service or retirement whichever is earlier. The benefit under
this plan vests immediately on rendering of service.

The interest payment obligation of trust managed provident fund is assumed to be adequately covered by the interest
income on Long-term investments of the fund. Any shortfall in the interest income over the interest obligation is
recognized immediately in the statement of profit and loss. Any loss arising out of the investment risk and actuarial
risk associated with the plan is recognized as actuarial loss in the year in which such loss occurs. Further, I Nil has
been provided for the year ending March 31, 2025 and March 31, 2024 based on actuarial valuation towards the
future obligation arising out of interest rate guarantee associated with the plan.

*The Company has made an irrevocable election to present in Other Comprehensive Income subsequent changes in the fair value of these investments as
these are strategic investments and are not held for trading.

1% change in the unobservable inputs used in fair valuation of Level 3 assets and liabilities does not have a significant impact on the value.

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

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

ii) The fair values of the unquoted equity and preference shares have been estimated using a DCF model. The valuation requires
management to make certain assumptions about the model inputs, including forecast cash flows, discount rate, credit risk and
volatility/ the probabilities of the various estimates within the range can be reasonably assessed and are used in management's
estimate of fair value for these unquoted investments.

iii) Mark to market on forward covers and embedded derivative instruments is based on forward exchange rates at the end of
reporting year and discounted using G-sec rate plus applicable spread.

III) Financial risk management

The Company's activities expose it to a variety of financial risks - currency risk, interest rate risk, credit risk and liquidity risk.
The Company's primary focus is to foresee the unpredictability of financial markets and seek to minimize the potential adverse
effects on its financial performance.

Market risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in
market prices. Such changes in the values of financial instruments may result from changes in the foreign currency exchange
rates, interest rates, credit, liquidity and other market changes. The Company's exposure to market risk is primarily on account
of foreign currency exchange rate risk. The Company uses derivative financial instruments to mitigate the risks arising out of
foreign exchange related exposures. The Company's exposure to credit risk is influenced mainly by the individual characteristic
of each customer and the concentration of risk from the top few customers. The Board of Directors reviews and agrees policies
for managing each of these risks, which are summarized below:

a) Currency risk

The Company operates in multiple geographies and contracts in currencies other than the domestic currency exposing
it to risks arising from fluctuation in the foreign exchange rates. The Company uses derivative financial instruments to
mitigate foreign exchange related exposures. All 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
derivative for speculative purposes may be undertaken.

The Company's revenues are principally in foreign currencies and the maximum exposure is in US dollars.

The Board of Directors of the Company has approved the financial risk management policy covering management of
foreign currency exposures. The treasury department monitors the foreign currency exposures and enters into appropriate
hedging instruments to mitigate its risk. The Company hedges its exposure on a net basis (i.e. expected revenue in foreign
currency less expected expenditure in related currency). Consequently, the Company uses derivative financial instruments,
such as foreign exchange forward contracts and option contracts, designated as cash flow hedges and fair value hedges
to mitigate the risk of changes in foreign currency exchange rates in respect of its forecasted cash flows and on balance
sheet exposures.

b) Interest risk

I nterest rate risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because
of changes in market interest rates. The Company has no interest rate risk with respect to borrowings as at
March 31, 2025 and March 31, 2024.

c) Credit risk

Credit risk refers to the risk of default on its obligation by a counterparty resulting in a financial loss. The carrying
amount of all financial assets represents the maximum credit exposure. The maximum exposure to credit risk was
H 208,888 and H 187,644 as at March 31,2025 and March 31, 2024 respectively being the total of the carrying amount
of investments, trade receivables, unbilled revenue, cash and other bank balances and all other financial assets.

The principal credit risk that the Company exposed to is non-collection of trade receivable and late collection of
receivable and on unbilled revenue leading to credit loss. The risk is mitigated by reviewing creditworthiness of
the prospective customers prior to entering into contract and post contracting, through continuous monitoring of
collections by a dedicated team.

The Company makes adequate provision for non-collection of trade receivable and unbilled receivables. Further, the
Company has not suffered significant payment defaults by its customers. The Company has considered the latest
available credit-ratings of customers to ensure the adequacy of allowance for expected credit loss towards trade and
other receivables.

I n addition, for delay in collection of receivable, the Company has made a provision for Expected Credit loss
('ECL') based on an ageing analysis of its trade receivable and unbilled revenue. The Company has used a practical
expedient by computing the expected credit loss allowance for trade receivables and unbilled revenue based on a
provision matrix. The provision matrix takes into account historical credit loss experience and adjusted for forward¬
looking information.

The Company's exposure to credit risk is influenced mainly by the individual characteristic of each customer and
the concentration of risk from the top few customers. Exposure to customers is diversified and the percentage of
revenue from its top five customers is 29% for the year ended March 31, 2025 (Previous Year: 26.07%). No customer
accounted for more than 10% of the trade receivables as at March 31, 2025 and March 31, 2024.

ECL allowance for non-collection and delay in collection of receivable and unbilled revenue, on a combined basis was
H 2,415 and H 2,590 as at March 31, 2025 and March 31, 2024 respectively. The movement in allowance for expected
credit loss comprising provision for both non-collection and delay in collections of receivable and unbilled revenue is
as follows:

The Company does not expect any losses from non-performance by these counterparties, and does not have any
significant concentration of exposures to specific industry sectors.

Credit risk on cash and cash equivalents is limited as the Company generally invest in deposits with banks and
financial institutions with high ratings assigned by international and domestic credit rating agencies and analyzing
market information on a continuous and evolving basis. Ratings are monitored periodically and the Company has
considered the latest available credit ratings as well any other market information which may be relevant at the date
of approval of these financial statements.

d) Liquidity risk

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. The
Company's treasury department is responsible for liquidity, funding, investment as well as settlement management.
Surplus funds are invested in non-speculative financial instruments that include highly liquid funds and corporate
deposits. Also, the Company has unutilized credit limits with banks.

The Company is also exposed to counter-party risk in relation to financial instruments taken to hedge its foreign
currency risks. The counter-parties are banks and the Company has entered into contracts with the counter-parties
for all its hedge instruments and in addition, entered into suitable credit support agreements to limit counter party
risk where necessary.

The Company's investments primarily include investment in mutual fund units, quoted bonds, commercial papers,
government securities, non-convertible debentures, InvITs, deposits with banks and financial institutions. The
Company mitigates the risk of counter-party failure by investing in mutual fund schemes with large assets under
management, investing in debt instruments issued with sound credit rating and placing corporate deposits with
banks and financial institutions with high credit ratings assigned by domestic and international credit rating agencies.