m) Provisions, Contingent liabilities and Contingent assets

A provision is recognised when the company has a present
obligation as a result of past event and it is probable that an
outflow of resources will be required to settle the obligation,
in respect of which reliable estimate can be made. Provisions
(excluding retirement benefits) are discounted to its
present value and are determined based on best estimate
required to settle the obligation at the balance sheet
date. These are reviewed at each balance sheet date and
adjusted to reflect the current best estimates. Contingent
liabilities are not recognised in the standalone financial
statements. A disclosure for a contingent liability is made
when there is a possible obligation or a present obligation
that may, but probably will not, require an outflow of
resources. When there is a possible obligation or a present
obligation in respect of which the likelihood of outflow of
resources is remote, no provision or disclosure is made.
A contingent asset is not recognised in the standalone
financial statements, however, the same is disclosed where
an inflow of economic benefit is probable.

n) Cash Flow statement

Cash flows are reported using the indirect method for
presenting operating cash flow, whereby profit or loss before
tax 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. The cash flows from operating, investing and
financing activities of the company are segregated.

o) Cash and Bank balances

Cash and cash equivalents comprise cash in hand, balance
with banks and term deposits with banks with original
maturity up to three months.

Other bank balances comprises of term deposit with banks
having maturity of more than three months but less than
twelve months from the Balance sheet date.

p) Earnings per share

Basic and diluted earnings per share is computed by
dividing the net profit attributable to equity shareholders
for the year, by weighted average number of equity shares
outstanding during the year.

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

q) Dividend income

Dividend income is recognised when the company's right to
receive the payment is established, which is generally when
shareholders approve the dividend.

r) Financial instruments
Initial recognition

The Company recognizes financial assets and financial
liabilities when it becomes a party to the contractual
provisions of the instrument. All financial assets and
liabilities are recognized at fair value on initial recognition,
except for trade receivables which are initially measured
at transaction price. Transaction costs that are directly
attributable to the acquisition or issue of financial assets and
financial liabilities that are not at fair value through profit or
loss are added to the fair value on initial recognition.

Subsequent measurement
Financial assets

Financial assets are classified into the following specified
categories: financial assets "at amortised cost", "fair value
through other comprehensive income", "fair value through
Profit or Loss". The classification depends on the entity's
business model for managing the financial assets and the
contractual cash flow characteristics of the financial asset
at the time of initial recognition.

Financial assets are recognised by the Company as per its
business model.

All financial assets are recognised and de-recognised
on a trade date basis where the purchase or sale of an
investment is under a contract whose terms require delivery
of the investment within the timeframe established by the
market concerned, and are initially at fair value through
profit or loss.

Income and expense is recognised on an effective interest
basis for debt instrument, Other Equity instruments are
classified as "fair value through Profit or Loss".

The company uses valuation techniques that are
appropriate in the circumstances and for which sufficient
data are available to measure fair value, maximising the
use of relevant observable inputs and minimising the use of
unobservable inputs.

All assets and liabilities for which fair value is measured
or disclosed in the financial statements are categorised
within the fair value hierarchy, described as follows, based
on the lowest level input that is material to the fair value
measurement as a whole:

- Level 1 — Quoted (unadjusted) market prices in active
markets for identical assets or liabilities

- Level 2 — Valuation techniques for which the
lowest level input that is material to the fair value
measurement is directly or indirectly observable

- Level 3 — Inputs for the assets or liabilities
that are not based on observable market data
(unobservable inputs).

Loans and receivables

Trade receivables, loans and other receivables that have
fixed or determinable payments that are not quoted in an
active market are classified as "loans and receivables". Loans
and receivables (including trade and other receivables) and
others are measured at amortised cost using the effective
interest rate (EIR) method less impairment. Interest is
recognised by applying the effective interest method,
except for short-term receivables when the effect of
discounting is immaterial.

Impairment of financial assets

The company assesses at each date of balance sheet
whether a financial asset or a company of financial assets
is impaired. Ind AS 109 requires expected credit losses to
be measured through a loss allowance. In determining the
allowances for doubtful trade receivables, the company
has used a practical expedient by computing the expected
credit loss allowance for trade receivables based on a
provision matrix. The provision matrix takes into account
historical credit loss experience and is adjusted for forward
looking information. The expected credit loss allowance is
based on the ageing of the receivables that are due and
allowance rates used in the provision matrix. For all other
financial assets, expected credit losses are measured at an
amount equal to the 12-month expected credit losses or at
an amount equal to the life time expected credit losses if the
credit risk on the financial asset has increased significantly
since initial recognition.

Loans and receivables and derecognition of financial
assets

The company derecognises a financial asset only when the
contractual rights to the cash flows from the asset expire, or

it transfers the financial asset and substantially all the risks
and rewards of ownership of the asset to another entity. If
the company neither transfers nor retains substantially all
the risks and rewards of ownership and continues to control
the transferred asset, the company recognises its retained
interest in the asset and an associated liability for amounts
it may have to pay. If the company retains substantially all
the risks and rewards of ownership of a transferred financial
asset, the company continues to recognise the financial
asset and also recognises a collateralised borrowing for the
proceeds received.

Subsequent measurement

Financial assets carried at amortised cost

A financial asset is subsequently measured at amortised
cost if it is held within a business model whose objective is
to hold the asset in order to collect contractual cash flows
and the contractual terms of the financial asset give rise on
specified dates to cash flows that are solely payments of
principal and interest on the principal amount outstanding.

Financial assets at fair value through other
comprehensive income

A financial asset is subsequently measured at fair value
through other comprehensive income if it is held within
a business model whose objective is achieved by both
collecting contractual cash flows and selling financial
assets and the contractual terms of the financial asset
give rise on specified dates to cash flows that are solely
payments of principal and interest on the principal amount
outstanding. The company has made an irrevocable
election for its investments which are classified as equity
instruments to present the subsequent changes in fair
value in other comprehensive income based on its business
model. Further, in cases where the company has made an
irrevocable election based on its business model, for its
investments which are classified as equity instruments, the
subsequent changes in fair value are recognized in other
comprehensive income.

Financial assets at fair value through profit or loss

A financial asset which is not classified in any of the
above categories are subsequently fair valued through
profit or loss.

Financial liabilities

Financial liabilities are subsequently carried at amortized
cost using the effective interest method, except for
contingent consideration recognized in a business
combination which is subsequently measured at fair value
through profit and loss. For trade and other payables
maturing within one year from the balance sheet date, the
carrying amounts approximate fair value due to the short
maturity of these instruments.

Investment in subsidiaries

Investment in subsidiaries is carried at cost in the separate
standalone financial statements. The Company assesses
whether there is any indication that the investment will
be impaired. If any such indication exist, the investment is
tested for impairment and resultant loss if any, is recognised
in statement of profit and loss.

Financial liabilities and equity instruments
Equity instruments

Equity instruments are recorded at the proceeds received,
net of direct issue costs.

Financial liabilities

Financial liabilities are classified as either financial
liabilities "at fair value through profit or loss" or other
financial liabilities.

Financial liabilities at fair value through profit or loss
(FVTPL)

Financial liabilities are classified as at FVTPL where
the financial liability is either held for trading or it is
designated as at FVTPL.

Derecognition of financial liabilities

The company derecognises financial liabilities when, and
only when, the company's obligations are discharged,
cancelled or they expire.

Offsetting arrangements

Financial assets and financial liabilities are offset and
the net amount presented in the statement of financial
position when company has a legally enforceable right
to set off the recognised amounts; and intends either to
settle on a net basis, or to realise the asset and settle the
liability simultaneously. A right to set-off must be available
today rather than being contingent on a future event and
must be exercisable by any of the counterparties, both in
the normal course of business and in the event of default,
insolvency or bankruptcy.

s) Share based payment

Equity settled share-based payments to employees are
measured at the fair value of the equity instruments at
the grant date which is recognised over the vesting period,
with the corresponding increase in equity. 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.

t) Corporate Social Responsibility (CSR) Expenditure

CSR expense is recognized as it is incurred by the company
or when company has entered into any legal or constructive
obligation for incurring such an expense.

u) Dividends

Final dividends on shares are recorded as a liability on the
date of approval by the shareholders and interim dividends
are recorded as a liability on the date of declaration by the
company's Board of Directors.

v) 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. In May 2025, MCA notified amendments to
Ind AS 21 - The Effects of Changes in Foreign Exchange
Rates, applicable w.e.f. April 1, 2025. The Company has
reviewed the amendment and based on its evaluation has
determined that it does not have any significant impact in
its financial statements.

In August 2025, MCA notified the following amendments to:

Ind AS 1, Presentation of Financial Statements, applicable
w.e.f. April 1,2025 - The amendment relates to classification
of liabilities as current or non-current and non-current
liabilities with covenants. In the context of classifying a
liability as current, it 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. The
amendment also introduces guidance on classification of
liabilities with covenants. The Company has no impact of
these amendments in its classification criteria of current
and non-current liabilities.

Ind AS 7, Statement of Cash Flows and Ind AS 107, Financial
Instruments: Disclosures, applicable w.e.f. April 1 , 2025
- The amendment in Ind AS 7 requires to inform users of
financial statements of the existence of supplier finance
arrangements and explain the nature of the arrangements,
the carrying amount of liabilities and the range of
payment due dates. Ind AS 107 has been amended to add
supplier finance arrangements as a factor that may cause
concentration of liquidity risk. The Company has reviewed
the amendment and based on its evaluation has determined
that it does not have any impact in its financial statements.

Ind AS 12, International Tax Reform - Pillar Two Model
Rules applicable immediately - The amendments provide a
temporary mandatory relief from deferred tax accounting
for top-up tax and disclose that they have applied the relief.
This relief is immediate and applies retrospectively. The
Company has reviewed the amendment and based on its
evaluation has determined that it does not have any impact
in its financial statements.

b) Rights, preferences and restrictions attached to shares

The Company has only one class of equity shares having a par value of H 10/- per share. Each holder of equity shares is entitled to
one vote per share. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing
Annual General Meeting. The voting rights of an equity shareholder on a poll (not on show of hands) are in proportion to his/its
share of the paid-up equity share capital of the Company. On winding up of the Company, the holders of equity shares will be
entitled to receive the residual assets of the Company, remaining after distribution of all preferential amounts, in proportion to
the number of equity shares held.

d) Shareholding of Promoters

The Company is a professionally managed company and does not have any identifiable promoter in terms of the Companies Act, 2013.

e) Pursuant to the special resolution passed by postal ballot on 17 February, 2024, the shareholders of the Company have ratified
the authority granted to the Board of Directors to issue and allot up to 26,00,000 options exercisable in to not more than 26,00,000
equity shares of the Company.

f) Information on equity shares allotted without receipt of cash or allotted as bonus shares or shares bought
back

The Company has neither allotted equity shares without receipt of cash or as bonus shares nor bought back any equity shares
during the period of five years immediately preceding 31 March 2026.

22 Disclosure under Indian Accounting Standard 19 (Ind AS 19) on Employee Benefits:

i) Defined contribution plan:

(a) The Company's contribution towards superannuation amounts to H 0.90 Crore (31 March 2025: H 1.09 Crore). These
contributions are made to the fund administered and managed by Life Insurance Corporation of India (""LIC""). The
Company's monthly contributions are charged to the Statement of Profit and Loss in the year they are incurred.

(b) Provident fund: Eligible employees of the Company receive benefit under the provident fund which is a defined contribution
plan wherein both the employee and the Company make monthly contributions equal to a specified percentage of the
covered employees' salary. These contributions are made to the fund administered and managed by the Government of
India. The Company's monthly contributions are charged to the Statement of Profit and Loss in the year they are incurred.
The total charge for the year amounts to H 8.61 Crore (31 March 2025: H 7.58 Crore).

(c) The Company's contribution to National Pension Scheme (NPS) for the year amounts to H 2.68 Crore (31 March 2025 H 2.24
Crore). The Company's monthly contributions are charged to the Statement of Profit and Loss in the year they are incurred.

ii) Defined benefit plan :

The Company has a defined benefit gratuity plan in India, governed by the Payment of Gratuity Act, 1972. Plan entitles an
employee, who has rendered at least five years of continuous service, to gratuity payable on termination of his employment at
the rate of fifteen days / twenty six days salary for every completed year of service or part thereof in excess of six months, based
on the rate of salary last drawn by the employee concerned. Plan is administered by LIC through gratuity fund that is legally
separated from the Company.

The Company has charged the gratuity expense to Statement of Profit & Loss based on the actuarial valuation of gratuity liability
at the end of the year. The actuarial valuation has been performed using projected unit credit method.

23.2 Fair value hierarchy

Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e.
as prices) or indirectly (i.e. derived from prices).

Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs).

The cost of unquoted investments included in Level 3 of fair value hierarchy approximate their fair value because there is a wide
range of possible fair value measurements and the cost represents estimate of fair value within that range.

The following table summarises financial assets and liabilities measured at fair value on a recurring basis and financial assets that
are not measured at fair value on a recurring basis (but fair value disclosures are required):

23.3 Financial risk management

Financial risk factors

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

Credit risk

Credit risk refers to the risk of default on its obligation by the counterparty resulting in a financial loss. The maximum exposure
to the credit risk at the reporting date is primarily from trade receivables amounting to H 202.71 Crore and H 143.79 Crore as of 31
March 2026 and 31 March 2025, respectively. Trade receivables are typically unsecured and are derived from revenue earned from
customers. Credit risk has always been managed by the Company through credit approvals, establishing credit limits and continuously
monitoring the creditworthiness of customers to which the Company grants credit terms in the normal course of business.

Credit risk on cash and cash equivalents is limited as the Company generally invests in deposits with banks and financial institutions
with high credit ratings assigned by international and domestic credit rating agencies. Investments primarily include investment in
liquid mutual fund units, quoted bonds issued by government and quasi government organizations, non-convertible debentures
issued by government aided institutions, certificates of deposit which are funds deposited at a bank for a specified time period,
state development loan and government securities.

The Company carries credit risk on lease deposits with landlords for office properties taken on leases, for which agreements
are signed and property possessions timely taken for operations. The risk relating to refunds after vacating is minimal since
the possession of the premises is retained till the refund is collected or there are liabilities outstanding against which the asset
can be adjusted.

Other financial assets include costs incurred towards listing related procedures, recoverable from selling shareholders per terms
of the initial public offering (refer Note 4), amount to be paid to the Company out of funds withheld in escrow by merchant bankers.

Trade receivables: The Company's exposure to credit risk is identified mainly by individual characteristics of each customer. Majority
of the trade receivables are from domestic customers, comprising of government and public sector entities, corporate customers
and others. Based on the industry practices and the business environment in which the entity operates, management considers
that the trade receivables are credit impaired if it exceeds a specified number of days for respective categories of 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
historical data. The maximum exposure to credit risk at the reporting date is the carrying value of each class of financial assets.

Sales to certain customers are either based on advance payments or restricted to certain limits to contain exposures to credit risk.
Allowance for expected credit loss

The Company allocates each exposure to a credit risk grade based on a variety of data that is determined to be predictive of
the risk of loss (e.g., timeliness of payments, available information etc.) and applying experienced credit judgement. Exposures
to customers outstanding at the end of each reporting year are reviewed by the Company to determine incurred and expected
credit losses, giving due regard for probable exposures on disputed dues or dues that are subject to litigation. Historical trends of
impairment of trade receivables do not reflect any significant credit losses. The Company expects the historical trend of minimal
credit losses to continue.

For receivables from government (including tax authority) and public sector entities, allowance for expected credit loss is set up
considering those balances to be in default that remain uncollected beyond three years and management's assessment of the
recoverable amount. For receivables from other customers, allowance is set up considering balances to be in default that remain
outstanding for a lesser period (of up to two years) beyond which amounts remain outstanding and management's assessment
of the recoverable amount.

Valuation techniques and significant unobservable inputs

The following tables show the valuation techniques used in measuring Level 3 fair values for financial instruments measured at
fair value in the standalone statement of financial position, as well as the significant unobservable inputs used.

Liquidity risk

The Company's principal sources of liquidity are cash and cash equivalents and the cash flow that is generated from operations.
The Company has no outstanding bank borrowings. The Company believes that the working capital is sufficient to meet its
current requirements.

Market risk

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

Currency risk

The Company is exposed to transactional foreign currency risk to the extent that there is a mismatch between the currencies
in which purchases are denominated and the respective functional currencies of Company. The functional currency is H . The
currencies in which these transactions are primarily denominated is AED.

Exposure to currency risk

The summary quantitative data about the Group's exposure to currency risk as reported to the management of the
Group is as follows.

Sensitivity analysis of currency risk

Any change with respect to strengthening (weakening) of the Indian Rupee against various currencies as at year ended March 31,
2026 and year ended March 31, 2025 would have affected the measurement of financial instruments denominated in respective
currencies and affected equity and profit or loss by the amounts shown below. This analysis assumes that all other variables, in
particular interest rates, remain constant and ignore any impact of forecast sales and purchases.

The Company does not have any borrowings. The Company invests in fixed interest bearing financial instruments which are
accounted for at amortised cost.

24 Segment Reporting

Operating segments are defined as components of an enterprise for which discrete financial information is available that is evaluated
regularly by the chief operating decision maker, in deciding how to allocate resources and evaluating performance. The Company's
Chief Executive Officer and Managing Director and whole time director form the Chief Operating Decision Makers.

The Company is mainly engaged in the business of providing IT services. The Company offers citizen services, e-governance solutions,
system integration, business process re-engineering, data centre co-location and IT consulting services for citizens, corporates and the
Government. Currently, these activities are conducted only in one geographic segment viz India. Therefore, the disclosure requirements
of Ind AS 108 "Operating Segments" are not applicable.

25 Related Party Transactions

In compliance with Indian Accounting Standard 24 - "Related Party Disclosures" notified under the Companies (Accounts) Rules, 2015,
the required disclosures are given in the table below:

Rental expense recorded for short-term leases and low- value assets was H 2.79 Crore and H 1.87 Crore for the year ended 31 March
2026 and 31 March 2025 respectively.

The total cash outflow for leases is H 18.87 Crore and H 9.36 Crore for the year ended 31 March 2026 and 31 March 2025 respectively,
including cash outflow of short-term leases and leases of low-value assets.

Lease contracts entered by the Company pertains to office premises taken on lease to conduct its business in the ordinary course.
During the current year the Company has taken premises to operate Aadhar Seva Kendra on lease with lease terms ranging between
3 to 6 years and having lock-in for specified periods. The Company does not have any lease restrictions and commitment towards
variable rent as per the contract.

28 (a) 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 directly or indirectly lend or invest in other persons
or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or provide any
guarantee, security or the like on behalf of the Ultimate Beneficiaries.

28 (b) The Company has not received any funds 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 directly or indirectly lend to or invest in
other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries)
or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

32 The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Companies Act, 2013 read
with Companies (Restriction on Number of Layers) Rules, 2017.

33 During the year the Company has no transactions to report against the disclosure requirement relating to utilization of share
premium as notified by MCA pursuant to amended Schedule III of Companies Act, 2013.

34 Contingent liabilities:

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed
only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company or a
present obligation that arises from past events where it is either not probable that an outflow of resources will be required to settle the
obligation or a reliable estimate of the amount cannot be made.

(i) It is not practicable for the Company to estimate the timings of cash outflows, if any, in respect of the above pending resolution of
the respective proceedings as it is determinable only on receipt of judgements/ decisions pending with various forums/ authorities.

(ii) The Company does not expect any reimbursements in respect of the above contingent liabilities.

(iii) The Company's pending litigations comprise of claims against the Company pertaining to proceedings pending with various
direct tax, indirect tax and other authorities. The Company has reviewed all its pending litigations and proceedings and has
adequately provided for where provisions are required or disclosed as contingent liabilities where applicable, in its standalone
financial statements. The Company does not expect the outcome of these proceedings to have a materially adverse effect on its
standalone financial statements.

36 Corporate Social Responsibility

As per Section 135 of the Companies Act, 2013, a company, meeting the applicability threshold, needs to spend at least 2% of its
average net profit for the immediately preceding three financial years on corporate social responsibility (CSR) activities. The areas
for CSR activities are eradication of hunger and malnutrition, promoting education, art and culture, healthcare, destitute care and
rehabilitation, environment sustainability, disaster relief and rural development projects. A CSR committee has been formed by the
Company as per the Companies Act, 2013. The funds were primarily allocated to a corpus and utilized through the year on these
activities which are specified in Schedule VII of the Companies Act, 2013.

a) Gross amount required to be spent by the Company on Corporate Social Responsibility activities during the financial year ended
31 March 2026 is H 2.66 Crore (H 2.76 Crore for FY 2024-25) .

b) Amount approved by the Board to be spent during the year is H 2.66 Crore (H 3 Crore for FY 2024-25).

c) Amount spent during the year :

37 Capital management

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

The Company manages its funds in a manner that it achieves maximum returns (net of taxes) with minimum risk to the capital and
considers the liquidity concerns for its working capital requirements.

To meet the above objectives, the Company invests it funds in bank fixed deposits receipts (FDRs), tax free bonds, non convertible
debentures and mutual funds as per the Company's investment policy.

Since the Company has no loan and borrowings, the disclosure requirements related to capital management defined in clause 135 (a)
(ii), and (b) to (e) of Ind AS 1 "Presentation of Financial Statements" are not applicable to the Company.

38 Investor Education & Protection Fund

For the year ended 31 March 2026 and 31 March 2025 the Company is not required to transfer any amount into the Investor Education
& Protection Fund as required under relevant provisions of the Companies Act, 2013.

39 Statutory impact of new labour codes

On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations
Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating
29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules to enable assessment of the financial impact
due to changes in regulations. The Company has considered the proposed restructured compensation of its employees with effect
from 1 April 2026, and assessed the impact of the changes, consistent with the Labour Codes, draft rules. Considering the materiality
and regulatory-driven, non-recurring nature of this impact, the Company has presented such incremental impact as "Statutory impact
of new Labour Codes" under "Exceptional Items" in the audited standalone financial results 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
Labour Code and would provide appropriate accounting effect on the basis of such developments as needed.

40 Dividend

Dividends declared by the Company are based on the profit available for distribution. On May 20, 2026, the Board of Directors of the
Company have proposed a final dividend of H 10 per share in respect of the year ended March 31, 2026 subject to the approval of
shareholders at the Annual General Meeting, and if approved, would result in a cash outflow of approximately H 40.55 Crore.

Dividend paid during the year ended 31 March 2026 amounts to H 40.55 Crore being final dividend of H 10 per share declared for the
year ended 31 March 2025.

Dividend paid during the year ended 31 March 2025 amounts to H 40.46 Crore being final dividend of H 10 per share declared for the
year ended 31 March 2024.

41 Protean International DMCC a wholly owned subsidiary of Company is incorporated on August 27, 2024. The subsidiary is
incorporated in UAE as the holding company for international business. The subsidiary is engaged in providing IT/ITeS services across
multiple countries.

42 No transactions to report against the following disclosure requirements as notified by MCA pursuant to amended Schedule III:

(a) Crypto Currency or Virtual Currency

(b) Benami Property held under Benami Transactions (Prohibition) Act, 1988 (45 of 1988)

(c) Registration of charges or satisfaction with Registrar of Companies

(d) Relating to borrowed funds:

i. Wilful defaulter

ii. Utilisation of borrowed funds and share premium

iii. Borrowings obtained on the basis of security of current assets

iv. Discrepancy in utilisation of borrowings

v. Current maturity of long term borrowings

(e) No revaluation of Property, plant and equipment and other Intangible assets.

(f) The Company does not have any such transaction which is not recorded in the books of account that has been surrendered or
disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or any
other relevant provisions of the Income Tax Act, 1961).

43 System implementation, support and maintenance include cost of equipment and software licenses incurred for delivering
project services.

44 Scheme of Arrangement between Protean Infosec Limited (the 'Demerged Company') and
Protean eGov Technologies Limited (the 'Company' or the 'Resulting Company¹):

Background and Regulatory Approvals

The Board of Directors of Protean eGov Technologies Limited (the 'Company' or 'PETL' or the 'Resulting Company') at its meeting
held on 21 May 2025, approved a Scheme of Arrangement under Sections 230-232 of the Companies Act, 2013 for the demerger of
the Governance, Risk & Compliance (GRC) and Security Operations Centre (SOC) businesses ('Demerged Undertakings') of its wholly
owned subsidiary Protean Infosec Limited ('PISL' or the 'Demerged Company') into PETL (the 'Resulting Company' or the 'Company').
Pursuant to the sanction of the Scheme by the National Company Law Tribunal (NCLT), a certified copy of the NCLT Order was received
on 10 March, 2026 and filed with the Ministry of Corporate Affairs (MCA)/Registrar of Companies (ROC). In accordance with the Scheme:
the Appointed Date is 1 April, 2025; and the Effective Date (i.e., the date on which the certified order was filed with MCA/ROC) is
12 March 2026."

Nature of transaction and accounting framework

The transfer of the GRC and SOC businesses of the Demerged Company to PETL is a business combination under common control
(the Demerged Company being a wholly owned subsidiary of the Company) and has been accounted for in the standalone financial
statements of PETL in accordance with Appendix C to Ind AS 103 - Business Combinations (Business Combinations of Entities or
Businesses under Common Control), using the Pooling of Interests Method.

Key accounting outcomes are as follows:

Recognition basis:

a. All identifiable assets and liabilities of the GRC and SOC businesses have been recognized at their existing carrying amounts as
appearing in the books of the Demerged Company as at the Appointed Date (i.e., 1 April, 2025);

b. No adjustments are made to reflect the fair values of the assets or liabilities acquired from the Demerged Company and no new
assets or liabilities are recognised;

c. Identity of the reserves transferred by the Demerged Company attributable to the Demerged Undertakings are preserved and
vested and is appearing in the financial statements of the Company in the same form and manner in which they appeared in the
financial statements of the Demerged Company prior to the scheme becoming effective;

d. The carrying amount of investments in the shares of the Demerged Company attributable to Demerged Undertakings, held by the
Company are impaired in the books of the Resulting Company, without any farther act or deed;

e. Loans and advances, receivables, payables, and other dues outstanding between the Demerged Company and the Company
relating to the Demerged Undertakings, stands cancelled and there is no further obligation outstanding in that behalf; and

f. The difference between assets, liabilities and reserves of the Demerged Undertakings as adjusted for the impairment of shares
of the Demerged Company in accordance with clauses above has been recorded as an adjustment to retained earnings as
at 1 April 2024.

Presentation, comparatives and regroupings

The current period financial statements include the results of the GRC and SOC businesses of the Demerged Company with effect from
the Appointed Date, i.e., April 01, 2025.

Since common control existed prior to the Appointed Date, comparative accounting period presented in the financial statements of
the Resulting Company are restated for the accounting impact of demerger, as stated above, as if the demerger had occurred from the
beginning of the comparative period in the financial statements after carrying out adjustments with respect to business combination in
accordance with Appendix C to Ind AS 103 on common control combinations. Accordingly, the comparative figures for the year ended
31 March 2025 have been restated to include the special purpose financial statements of GRC and SOC businesses which have been
demerged from PISL and merged with the Company.

Other regulatory and procedural matters

All statutory filings related to the Scheme have been completed, including filing of the NCLT order with MCA/ROC on 12 March 2026.
The Company has complied with the conditions and terms of the Scheme and other applicable provisions of the Companies Act, 2013
and related rules.

Quantitative impact of the Scheme (disclosure cross reference)

The book values of assets and liabilities of the GRC and SOC businesses recognized by the Company as at April 01,2024 and the impact
on equity arising from the pooling of interests are as follows:

Other matters

• The demerger does not result in any change in ultimate control of the entities

• The accounting treatment is in accordance with the Scheme approved by NCLT and consistent with applicable Ind AS
PISL will continue to operate its remaining business, viz., Vulnerability Assessment and Penetration Testing (VAPT)

45 Subsequent events

There are no subsequent events post the balance sheet date that require adjustment of, or disclosure, in the financial statements.