(l) Provisions

Provisions are recognized when the Company has a present obligation (legal or constructive) as a result of a past event, it is
probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate
can be made of the amount of the obligation. The expense relating to a provision is presented in the statement of profit and loss
net of any reimbursement.

If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, when
appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is
recognized as a finance cost.

(m) Retirement and other employee benefits

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.

Certain eligible employees of the Company on Indian payroll are entitled to Superannuation, a defined contribution plan. The
Company makes monthly contributions until retirement or resignation of the employee which are recognized as an expense when
incurred. The Company has no further obligations beyond its monthly contributions, the corpus of which is invested with the Life
Insurance Corporation (“LIC”) of India and HDFC Life.

Compensated absences which are expected to occur within twelve months after the end of the period in which employee renders
the related services are recognized as undiscounted liability at the balance sheet date. The expected cost of compensated absences
which are not expected to occur within twelve months after the end of the period in which employee renders related services are
recognized at the present value based on actuarial valuation performed by an independent actuary at each balance sheet date
using projected unit credit method.

The Company operates a defined benefit gratuity plan in India, under which the Company makes contributions to a fund
administered and managed by LIC and HDFC Life to fund the gratuity liability. Under this scheme, the obligation to pay gratuity
remains with the Company, although LIC and HDFC Life administers the scheme.

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 recognized 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 recognized in the statement of profit and loss on the earlier of:

- The date of the plan amendment or curtailment, and

- The date that the Company recognizes related restructuring costs.

Net interest is calculated by applying the discount rate to the net defined benefit liability or asset. The Company recognizes the
following changes in the net defined benefit obligation as an expense in the 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.

(n) Cash dividend to equity shareholders of the Company

The Company recognizes a liability to make cash or noncash distributions to equity shareholders when the distribution is authorized,
and the distribution is no longer at the discretion of the Company. As per the Act, a distribution of interim dividend is authorized
when it is approved by the Board of Directors and final dividend is authorized when it is approved by the shareholders of the
Company. A corresponding amount is recognized directly in other equity.

(o) Cash and cash equivalents

Cash and cash equivalents comprise of cash at bank and short-term investments with an original maturity of three months or
less that are subject to insignificant risk of change in value. Cash and cash equivalent consist of balances with bank which are
unrestricted for withdrawal and usage.

2.3 Recent Accounting Pronouncements

Ministry of Corporate Affairs (“MCA”) notifies new standards or amendments to the existing standards under Companies (Indian
Accounting Standards) Rules as issued from time to time. During the year ended March 31,2026, MCA amended the Companies
(Indian Accounting Standards) Rules, 2025 and the Companies (Indian Accounting Standards) Rules, 2026, as below:

Ind AS 1-Presentation of Financial Statements

The amendment relates to classification of liabilities as current or non-current and non-current liabilities with covenants and is
effective from April 1,2025. In the context of classifying a liability as current, the amendment removes the requirement of existence
of a right to defer settlement for at least 12 months after the reporting date and instead requires that the said right should exist
on the reporting date and have substance. Further, the amendment also introduces guidance on classification of liabilities with
covenants. The Company has reviewed the amendment and based on its evaluation determined that it does not have any impact
in its financial statements.

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

The amendment relates to disclosure of the existence of supplier financing arrangements and is effective from April 1, 2025.
The amendment in Ind AS 7 requires a Company to inform users of financial statements of the existence of supplier finance
arrangements and explain the nature of the arrangements, the carrying amount of liabilities and the range of payment due dates.
The amendment in Ind AS 107 requires a Company to add supplier finance arrangements as a factor that may cause concentration
of liquidity risk. The Company has reviewed the amendments and based on its evaluation determined that it does not have any
impact in its financial statements.

Ind AS 21 - The Effects of Changes in Foreign Exchange Rates

The amendment is effective from April 1,2025. The Company has reviewed the amendment and based on its evaluation determined
that it does not have any impact in its financial statements.

Share application money pending allotment

Share application money pending allotment represents the amount received on exercise of Stock Options by the eligible employees
under the prevailing ESOP schemes of the Company, on which allotment is yet to be made.

Share application money pending allotment as at March 31, 2026 represents the money received from employees of the Company
towards exercise of 2,428 (March 31, 2025 - 2,737) OFSS Stock Units ("OSUs") at the exercise price of f 5 and money received
from employees of the Company towards exercise of Nil (March 31,2025 - 475) and Nil (March 31,2025 - 50) OFSS Stock Options
at the exercise price of f 3,393 and f 3,241 respectively, under Oracle Financial Services Software Limited Stock Plan 2014 ("OFSS
Stock Plan 2014"). Each OSUs and OFSS Stock Options will entitle one equity share of f 5 each of the Company.

Securities premium

Securities premium represents amount received in excess of face value on issue of shares by the Company. It also includes transfer
of stock compensation related to Options exercised from employee Stock Options outstanding (other equity). The securities
premium will be utilized in accordance with the provisions of the Act.

General reserve

General reserve represents the amount of profits appropriated by the Company in earlier years, before declaring dividends, pursuant
to the provisions of the erstwhile Companies Act, 1956.

Employee Stock Options outstanding

Selected employees of the Company also receive remuneration in the form of share-based payments under stock option program
of the Company. Employee Stock Options outstanding represents the fair value of equity-settled transactions, calculated at the date
when the grant is made using an appropriate valuation model and recognized over the period in which the performance and/or
service conditions are fulfilled.

Contribution from Ultimate Holding Company

Oracle Corporation, the Ultimate Holding Company of Oracle Financial Services Software Limited has extended its stock option
program to selected employees of the Company's overseas branches. Contribution from Ultimate Holding Company represents the
fair value of equity-settled transactions; calculated at the date when the grant is made using an appropriate valuation model and
recognized over the period in which the performance and/or service conditions are fulfilled.

Oracle Corporation has also extended its Employee Stock Purchase Plan (ESPP) to employees of the Company. Under the plan,
the employees are eligible to purchase the shares of Oracle Corporation at discounted price. The discount amount on the shares
purchased during the year by employees is treated as Contribution from Ultimate Holding Company.

Retained earnings

Retained earnings represents the undistributed earnings, net of amounts transferred to general reserve; if any.

The Board of Directors had declared an interim dividend on April 25, 2025 of f 265 per equity share for the financial year

2024- 25. This had resulted in cash outflow of f 23,027 million.

The Board of Directors had declared an interim dividend on October 17, 2025 of f 130 per equity share for the financial year

2025- 26. This had resulted in cash outflow of f 11,311 million.

Subsequent to year ended March 31,2026, the Board of Directors of the company at its meeting held on April 22, 2026, declared
a second interim dividend of f 270 per equity share of f 5 each for the financial year 2025-26. This dividend will be paid as per
the provisions of section 123 the Companies Act, 2013.

Other comprehensive income

Other comprehensive income represents the exchange differences arising on translation of foreign branches and the
remeasurements of the defined benefit gratuity plan; comprising of actuarial gains and losses on its net liabilities / assets.

² The Company entered into foreign exchange forward contracts with the intention of reducing the foreign exchange risk of trade receivables. These
contracts are not designated in hedge relationships and are measured at fair value through profit or loss.

³ There is no amount due and outstanding as at balance sheet date to be credited to the Investor Education and Protection Fund
Terms and conditions of financial liabilities:

- Trade payables are non-interest bearing and are normally settled on 30-day terms

- Other financial liabilities are normally settled as and when due

¹ Higher profit for the year ended March 31, 2025, due to higher dividend from its wholly owned subsidiary company has resulted in a higher net
profit.

² Higher profit for the year ended March 31, 2025 has resulted in a better debt service coverage ratio.

³ During the year ended March 31, 2025 the Company has received higher dividend from its wholly owned subsidiary company.

Note 23: Fair values

The management has assessed that fair value of short term financial instruments approximates their carrying amounts largely due
to the short term maturities of these instruments.

The carrying value and fair value of financial instruments by categories as at March 31, 2026 and March 31, 2025 are as follows:

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

The Company enters into derivative financial instruments with various banks. Foreign exchange forward contracts are valued
using valuation techniques, which employ the use market observable inputs. The most frequently applied valuation techniques
include forward pricing using present value calculations. The models incorporate various inputs including the credit quality of
counterparties, foreign exchange spot and forward rates, yield curves of the respective currencies, currency basis spreads between
the respective currencies.

There have been no transfers between Level 1 and Level 2 during the periods March 31, 2026 and March 31,2025.

(i) Leases

The Company has entered into commercial property leases for its offices.

The Company evaluates if an arrangement qualifies to be a lease as per the requirements of Ind AS 116. Identification of a
lease requires significant judgment. The Company uses significant judgement in assessing the lease term and the applicable
discount rate. The Company has lease contracts which include extension and termination option, and this requires exercise
of judgement by the Company in evaluating whether it is reasonably certain whether or not to exercise the option to renew
or terminate the lease. The discount rate is generally based on the incremental borrowing rate specific to the lease period.

(ii) Impairment of non-financial assets

Impairment exists when the carrying value of an asset or cash generating unit exceeds its recoverable amount, which is the
higher of its fair value less costs of disposal and its value in use. The fair value less costs of disposal calculation is based on
available data from binding sales transactions, conducted at arm's length, for similar assets or observable market prices less
incremental costs for disposing of the asset. The value in use calculation is based on a DCF model. The cash flows are derived
from the projections for the next five years and do not include restructuring activities that the Company is not yet committed
to or significant future investments that will enhance the asset's performance of the CGU being tested. The recoverable
amount is sensitive to the discount rate used for the DCF model as well as the expected future cash-inflows and the growth
rate used for extrapolation purposes.

(iii) Share based payments

The Company measures share-based payments and transactions at fair value and recognizes over the vesting period using
Black Scholes valuation model. Estimating fair value for share-based payment transactions requires determination of the
most appropriate valuation model, which is dependent on the terms and conditions 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 making assumptions about them. The assumptions and model used for estimating fair value for
share-based payment transactions are disclosed in note 28 (b).

(iv) Taxes

Income tax expense comprises current tax expense and the net changes in the deferred tax asset or liability during the year.
Significant judgements are involved in determining the provision for income taxes, including amount expected to be paid/
recovered for uncertain tax positions, including disclosures thereof. Also refer note 2.2 (e), note 16 and note 42.

(v) Defined benefit plans (gratuity benefits)

The cost of the defined benefit gratuity plan and other post-employment retirement benefits 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 annually.
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. For plans operated outside India, the management considers the interest rates of
high-quality corporate bonds in currencies consistent with the currencies of the post-employment benefit obligation with at
least an AA' rating or above, as set by an internationally acknowledged rating agency, and extrapolated as needed along the
yield curve to correspond with the expected term of the defined benefit obligation. The underlying bonds are further reviewed
for quality. Those having excessive credit spreads are excluded from the analysis of bonds on which the discount rate is based,
on the basis that they do not represent high quality corporate bonds.

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 are based on expected future inflation rates for the
respective countries. Further details about gratuity obligations are given in note 30.

(vi) Fair value measurement of financial instruments

When the fair values of financial assets and financial liabilities recorded in the balance sheet cannot be measured based on
quoted prices in active markets, their fair value is measured using valuation techniques including the DCF model. The inputs
to these models are taken from observable markets where possible, but where this is not feasible, a degree of judgment is
required in establishing fair values. Judgements include considerations of inputs such as liquidity risk, credit risk and volatility.
Changes in assumptions about these factors could affect the reported fair value of financial instruments. See note 23 for
further disclosures.

(vii) Revenue recognition

The Company assesses the products / services promised in a contract and identifies distinct performance obligations in the
contract. Identification of distinct performance obligation involves judgement to determine the deliverables. The Company
exercises judgement in determining whether the performance obligation is satisfied at a point in time or over a period of time.

In determining the transaction price for the contract, judgement is required to assess if the consideration is fixed or is
considered variable and whether there is any constraint on such variable consideration such as volume discounts, service
level credits and price concessions. The Company uses judgement to determine an appropriate standalone selling price for
each performance obligation and allocates the transaction price to each performance obligation on the basis of the relative

stand-alone selling price of each distinct product or service promised in the contract except for sale of software licenses,
where the Company uses a residual approach for estimating the standalone selling price of software license as the pricing is
highly variable.

Contract fulfillment costs are generally expensed as incurred except for certain contract costs which meet the criteria for
capitalization. Such costs are amortized over the benefit period. The assessment of this criteria requires the application of
judgement.

Note 27: Leases

Where Company is lessee

The changes in the carrying values of right-of-use asset for the year ended March 31,2026, and March 31,2025 are given in note 4.

Set out below are the carrying amounts of lease labilities and the movement during the year ended March 31, 2026 and
March 31, 2025:

Note 28: Share based compensation / paymentsa) Employee Stock Purchase Scheme (“ESPS”)

The Company had adopted the ESPS administered through a Trust with the name i-flex Employee Stock Option Trust (“the Trust”)
to provide equity-based incentives to key employees of the Company. i-flex Solutions Trustee Company Ltd. is the Trustee of this
Trust.

No allocation of shares to the employees have been made through the Trust since 2005 and all selected employees under the Trust
have exercised their right of purchase of shares prior to March 31, 2014. In this regard, the Trustee Company had filed a petition in
the Honorable Bombay High Court to seek directions for utilization of the remaining unallocated shares along with the other assets
held by the Trust for the benefit of the employees of the Company. As per the order of the Honorable Bombay High Court dated
August 1,2016, the Trust funds would be utilized for the benefit of the employees. Accordingly, during the financial year, the Trust
has incurred an expenditure of ? 109 million (March 31, 2025 - ? 153 million) towards welfare of employees of the Company.

As at March 31,2026, the Trust is not holding any equity shares (March 31, 2025 - Nil equity shares) of the Company.

b) Employee Stock Option Plan (“ESOP”)

The Members of the Company at their Annual General Meeting held on August 14, 2001 had approved grant of ESOPs to the
employees / directors of the Company and its subsidiaries up to 7.5% of the issued and paid-up capital of the Company from
time to time. This said limit was enhanced and approved up to 12.5% of the issued and paid-up capital of the Company from
time to time, by the Members at their Annual General Meeting held on August 18, 2011. This extended limit is an all-inclusive
limit applicable for Stock Options (“Options”) and OFSS Stock Units (“OSUs”) granted in the past and in force and those that will be
granted by the Company in future.

Nomination and Remuneration Committee in their meeting held on August 7, 2014, approved Oracle Financial Services Software
Limited Stock Plan 2014 (“OFSS Stock Plan 2014”). Accordingly, the Company has granted 224,265 Options and 1,948,441 OSUs
under OFSS Stock Plan 2014. The issuance terms of Options and OSUs are the same.

In respect of the OFSS Stock Plan 2014, Options / OSUs would vest generally over four years on completion of 12, 24, 36 and 48
months from the date of grant as per vesting schedule as approved by the Nomination and Remuneration Committee. The exercise
price of the OSUs will be equal to the par value of the shares, and the exercise price of the Options would be the latest available
market price on the date of grant.

The Company's activities expose it to market risks, liquidity risk and credit risks. The management oversees these risks and is aided
by the Risk Management Committee whose scope is to formulate the risk management policy, which will identify elements of risk,
if any which may affect the Company.

(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 mainly comprises foreign currency risk.

Foreign currency risk

Foreign currency risk is the risk that the fair value or future cash flows of monetary items will fluctuate because of changes in
foreign exchange rates. This may have potential impact on the statement of profit and loss and other components of equity, where
monetary items are denominated in a foreign currency, which are different from functional currency in which they are measured.
As at the balance sheet date, the Company's net foreign currency exposure expressed in INR that is not hedged is f 186 million
(March 31,2025 f 828 million).

Following are the carrying amounts of foreign currency denominated assets / (liabilities), net of the Company where it has significant
exposure as at the balance sheet date:

The Company manages its foreign currency risk by hedging the receivables in the major currencies (USD, EUR, AUD, GBP and JPY)
using forward contracts. The period of the forward contracts is determined by the expected collection period for invoices which
currently ranges between 30 to 120 days.

Foreign currency sensitivity

Below table demonstrates sensitivity impact on Company's profit after tax and total equity due to change in foreign exchange rates
of currencies where it has significant exposure:

The above sensitivity impact gain (loss) is due to every percentage point appreciation or depreciation in the exchange rate of
respective currencies, with all other variables held constant. Sensitivity impact is computed based on change in value of monetary
assets and liabilities denominated in above respective currency, where the functional currency of the entity is a currency other than
above respective currency and entities with functional currency as above respective currency where transactions are in foreign
currencies. The Company's exposure to foreign currency changes for all other currencies is not material.

(b) Liquidity risk

Liquidity risk management implies maintaining sufficient availability of funds to meet obligations when due and to close out market
positions. The Company monitors the rolling forecast of cash and cash equivalents based on expected cash flows to manage its
liquidity risk.

The Company has sufficient funds in cash and cash equivalents and other bank balances to meet obligations towards financial
liabilities.

(c) Credit risk

Credit risk is the risk that 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, including receivables
from related parties) and from its finance activities, including time deposits with banks, foreign exchange transactions and other
financial instruments.

(i) Trade and unbilled receivables

Customer credit risk is managed in line with the 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. 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.

An impairment analysis is performed at each reporting date on an individual basis for major clients. In addition, a large
number of minor receivables are grouped into homogenous groups and assessed for impairment collectively. The calculation
is based on regional historical data. The maximum exposure to credit risk at the reporting date is the carrying value of each
class of financial assets disclosed in note 7. As of March 31, 2026, the single customer group contributes 89% of trade
receivables.

(ii) Cash and Bank balances

Credit risk from balances with banks is managed by the Company's treasury department in accordance with the Company's
policy. Investments of surplus funds are made only with existing Bankers and within credit limits assigned to each banker.

Company follows a conservative philosophy and aims to invest surplus funds in time deposits mainly in India with
well-known and highly rated banks. The duration of such time deposits will not exceed 364 days. The Company, on quarterly
basis, monitors the credit ratings and total deposit balances of each of its bankers. Further limits are set to minimize the
concentration of risks and therefore mitigate financial loss of any potential failure to repay deposits.

For the purpose of the Company's capital management, capital includes issued equity share capital, share premium and all
other equity reserves attributable to the equity shareholders of the Company. The primary objective of the Company's capital
management is to maximize the equity shareholder value.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and other financial
requirements.

Note 32: Derivative instruments

The Company enters into forward foreign exchange contracts where the counter party is a bank. The Company purchases forward
foreign exchange contracts to mitigate the risks of change in foreign exchange rate on receivables denominated in certain foreign
currencies. The Company considers the risk of non-performance by the counter party as non-material. As at March 31,2026 the
Company has following outstanding derivative instrument:

Note 33: Impact of The New Labour Code

On November 21, 2025, the Government of India notified four Labour Codes (“The New Labour Code”), consolidating existing
labour laws. In accordance with Ind AS 19, changes to the employee benefit plans arising from legislative amendments are treated
as plan amendments, requiring immediate recognition of past service cost in the statement of profit and loss. The New Labour
Code has resulted in estimated one time increase in provision for employee benefit expense of f 752 million which has been
recognized in the current year. The Company continues to monitor the finalization of Central / State Rules and clarification from
the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such
developments as needed.

Note 34: Investments in subsidiaries

As on March 31, 2026, the wholly owned subsidiary ISP Internet Mauritius Company has a net asset position higher than the
carrying amount of investment held by the Company. Accordingly, the previously recognized provision for diminution in value of
its investment of f 167 million has been reversed.

Note (i): Remuneration includes salary, bonus and perquisites. During the year, 3,620 OSUs and 2,772 Stock Options under OFSS
Stock Plan 2014 (March 31,2025 - 6,301 OSUs under OFSS Stock Plan 2014) were granted to KMP.

Note (ii): Terms and conditions of transactions with related parties

All transactions with related parties are made on terms equivalent to those that prevail in arm's length transactions. Outstanding
balances at year end are unsecured and interest free and settlement occurs in cash.

(b) During the year ended March 31, 2026, the Company recognized revenue of f 966 million from opening deferred revenue
as of April 1,2025.

During the year ended March 31,2025, the Company recognized revenue of f 1,001 million from opening deferred revenue
as of April 1,2024.

(c) During the year ended March 31,2026 and March 31,2025, the Company has not recognized any revenue from performance
obligations satisfied prior to April 1,2025 and April 1, 2024; respectively.

(d) Change in contract assets and contract liabilities are on account of transactions undertaken in the normal course of business.
In accordance with Ind AS 115, unbilled revenue of f 2,104 million as at March 31, 2026 (March 31, 2025 f 1,717 million)
has been classified as other current asset.

(f) Remaining performance obligation

During the current year, the Company has changed its application of the practical expedient as provided in Ind AS 115 in
calculating the remaining performance obligations. Contracts with an original expected duration of one year or less, which
were previously excluded, are now included as the Company believes that it provides better information relating to the
revenue expected from existing contracts in the coming years. Comparative year have been represented accordingly.

The Company continues to apply the practical expedient of not disclosing contracts where the revenue recognized
corresponds directly with the value to the customer of the entity's performance completed to date. Typically, this involves
those contracts where invoicing is on time and material basis.

Remaining performance obligation estimates are subject to change and are affected by several factors such as terminations,
changes in the scope of contracts, periodic revalidations of estimates and other macro economic factors.

The aggregate amount of transaction price allocated to the performance obligations that are unsatisfied (or partially
unsatisfied) as at March 31, 2026, after considering the practical expedient mentioned above is f 63,812 million
(March 31, 2025 f 50,803 million), out of which 51% (March 31,2025 50%) is expected to be recognized as revenue within
the next one year and the balance thereafter.

(g) Asset recognized from the costs to obtain a contract

The Company recognizes incremental costs of obtaining a contract with customers as an asset and discloses them under
‘other assets' as deferred contract costs in the standalone financial statements. Incremental costs of obtaining contracts are
those costs that the Company incurs to obtain a contract with the customer that would not have been incurred if the contract
had not been obtained. Such deferred contract costs assets are amortized over the benefit period.

The Company has amortized deferred contract cost of f 42 million for the year ended March 31,2026 (March 31,2025 f 35
million) and has closing balance of deferred contract cost asset of f 103 million as at March 31, 2026 (March 31,2025 f 94
million)

Note 37: Corporate Social Responsibility (“CSR”) expenditure

As per the requirements of Section 135 of the Companies Act, 2013 the Company is required to spend at least 2% of its average
net profit for the immediately preceding three financial years on CSR activities.

Note 38: Dividend from subsidiary companies

During the year ended March 31, 2026 and March 31, 2025; the Company has received the following dividends from its wholly
owned subsidiary companies.

Note 40: Segment information

The Company publishes the standalone financial statements along with the consolidated financial statements. In accordance with
Ind AS 108, Operating Segments, the Company has disclosed the segment information in the consolidated financial statements.

Note 42: Tax litigations

As at March 31,2026, the Company has certain litigations with respect to tax matters for various assessment years amounting to
f 32,684 million (March 31,2025 - f 29,061 million), which are pending before various appellate / tax authorities. The management
expects that its position will be upheld on ultimate resolution and the possibility of any outflow of resources is remote. Demand of
tax payable after adjusting taxes paid under protest and refunds amounts to f 23,520 million (March 31,2025 - f 20,190 million)
as at March 31, 2026. Further for certain litigations the Company has aggregate provisions of f 444 million (March 31, 2025 -
f 377 million) as at March 31, 2026.