i. 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 economic benefits will be required to settle
the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognized as a provision is the best estimate of the consideration required to
settle the present obligation at the end of the reporting period, taking into account the risks and
uncertainties surrounding the obligation.

When some or all of the economic benefits required to settle a provision are expected to be
recovered from a third party, the receivable is recognized as an asset, if it is virtually certain that
reimbursement will be received and the amount of the receivable can be measured reliably.

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 cost of terminating the contract and the expected net cost of continuing with the
contract, which is determined based on the incremental costs of fulfilling the obligation under
the contract and an allocation of other costs directly related to fulfilling the contract. Before a
provision is established, the Company's recognises any impairment loss on the assets associated
with that contract.

j. Income taxes

Income tax comprises current and deferred tax. Income tax expense is recognized in the statement
of profit and loss except to the extent it relates to items directly recognized in equity or in other
comprehensive income.

a) Current income tax - Current income tax liability/ (asset) for the current and prior periods are
measured at the amount expected to be recovered from or paid to the taxation authorities based
on the taxable income for the year. The tax rates and tax laws used to compute the current tax
amount are those that are enacted or substantively enacted by the reporting date and applicable
for the year. The Company off sets current tax assets and current tax liabilities, where it has a
legally enforceable right to set off the recognized amounts and where it intends either to settle
on a net basis or to realize the asset and liability simultaneously.

b) Deferred tax - Deferred income tax is recognized using the balance sheet approach. Deferred
income tax assets and liabilities are recognized for deductible and taxable temporary differences
arising between the tax base of assets and liabilities and their carrying amount in financial
statements, except when the deferred income tax arises from the initial recognition of goodwill
or an asset or liability in a transaction that is not a business combination and affects neither
accounting nor taxable profits or loss at the time of the transaction.

Deferred income tax asset is recognized to the extent that it is probable that taxable profit will be
available against which the deductible temporary differences and the carry forward of unused tax
credits and unused tax losses can be utilized. Deferred income tax liabilities are recognized for all
taxable temporary differences.

The carrying amount of deferred income tax assets is reviewed at each reporting date and
reduced to the extent that it is no longer probable that sufficient taxable profit will be available to
allow all or part of the deferred income tax asset to be utilized.

Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply
in the period when the asset is realized or the liability is settled, based on tax rates (and tax laws)
that have been enacted or substantively enacted at the reporting date.

Deferred tax assets and liabilities are offset when it relates to income taxes levied by the same
taxation authority and the relevant entity intends to settle its current tax assets and liabilities on a
net basis.

k. Cash flow statement:

Cash flows are reported using the 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
receipt or payments and item of income or expense associated with investing or financing cash-flows.
The cash flow from operating, investing and financing activities of the Company are segregated.

For the purpose of presentation in the statement of cash flows, cash and cash equivalents includes
cash on hand, deposits held at call with financial institutions, other short-term highly liquid
investments with original maturities of three months or less that are readily convertible to known
amounts of cash and which are subject to an insignificant risk of changes in value.

l. Revenue recognition

The Company derives revenue primarily from Information Technology Services and Solutions. The
Company recognizes revenue when it transfers control over a product or a service to a customer. The
method for recognizing revenues and costs depends on the nature of the services rendered.

a) Time and materials contracts

Revenues from contracts priced on a time and material basis are recognised as the related
services are performed and related costs are incurred. Revenues in excess of billings is recorded
as unbilled revenue and is classified as a financial asset for these cases as right to consideration is
unconditional upon passage of time.

b) Fixed-price contracts

The Company applies the percentage of completion method in accounting for fixed price
contracts. Use of the percentage of completion method requires the Company to estimate the
efforts or costs expended to date (input method) as a proportion of the total efforts or costs to
be expended. Efforts or costs expended have been used to measure progress towards completion
as there is a direct relationship between input and productivity. Provisions for estimated losses, if
any, on uncompleted contracts are recorded in the period in which such losses become probable
based on the expected contract estimates at the reporting date.

If the Company does not have a sufficient basis to measure the progress of completion or to
estimate the total contract revenues and costs, revenue is recognized only to the extent of
contract cost incurred for which recoverability is probable.

When total cost estimates exceed revenues in an arrangement, the estimated losses are
recognized in the statement of profit and loss in the period in which such losses become probable
based on the current contract estimates.

Judgement is also required to determine the transaction price for the contract and to ascribe
the transaction price to each distinct performance obligation. The transaction price could be
either a fixed amount of customer consideration or variable consideration with elements such as
volume discounts, service level credits, performance bonuses, price concessions and incentives.
Any consideration payable to the customer is adjusted to the transaction price, unless it is a
payment for a distinct product or service from the customer. The estimated amount of variable
consideration is adjusted in the transaction price only to the extent that it is highly probable
that a significant reversal in the amount of cumulative revenue recognised will not occur and is
reassessed at the end of each reporting period.

For allocating the transaction price, the Company has measured the revenue in respect of each
performance obligation of a contract at its relative standalone selling price. The price that is
regularly charged for an item when sold separately is the best evidence of its standalone selling
price. In cases where the Company is unable to determine the standalone selling price, the
Company uses the expected cost plus margin approach in estimating the standalone selling price.
Fixed Price Development contracts and related services, the performance obligation are satisfied
as and when the services are rendered since the customer generally obtains control of the work as
it progresses.

Contract modifications are accounted for when additions, deletions or changes are approved
either to the contract scope or contract price. The accounting for modifications of contracts
involves assessing whether the services added to an existing contract are distinct and whether
the pricing is at the standalone selling price. Services added that are not distinct are accounted
for on a cumulative catch up basis, while those are distinct are accounted for prospectively, either
as a separate contract, if the additional services are priced at the standalone selling price, or as a
termination of the existing contract and creation of a new contract if not priced at the standalone
selling price.

Revenues from fixed-price contracts are recognized using the "percentage-of-completion"
method. Invoicing to the clients is based on milestones as defined in the contract. This would
result in the timing of revenue recognition being different from the timing of billing the
customers. Unbilled revenue for fixed price contracts is classified as non financial asset as the
contractual right to consideration is dependent on completion of contractual milestones.

Revenue recognition for delivered elements is limited to the amount that is not contingent on the
future delivery of services and future performance obligations.

c) Hardware/software products and licenses

Revenues from sale of product and licenses are recognised at the point in time when the license is
delivered to the customer, simultaneously with the transfer of control. In case of customization the
same is recognised over the life of the contract using the proportionate completion method, with
contract costs determining the degree of completion. Foreseeable losses on such contracts are
recognised when probable.

When another party is involved in providing goods or services to the customer, the entity
determines whether the nature of its promise is a performance obligation to provide the specified
goods or services itself (i.e. the entity is a principal) or to arrange for those goods or services to
be provided by the other party (i.e. the entity is an agent). The entity determines whether it is a
principal or an agent for each specified good or service promised to the customer. A specified
good or service is a distinct good or service (or a distinct bundle of goods or services) to be
provided to the customer. Company recognises revenue in the gross amount of consideration to
which it expects to be entitled in exchange for the specified good or service transferred. Company
recognises revenue in the amount of any fee or commission to which it expects to be entitled in
exchange for arranging for the specified goods or services to be provided by the other party.

d) Maintenance contracts

Revenue from fixed price maintenance contracts is recognised based on the right to invoice
for services performed for contracts in which the invoicing is representative of the value being
delivered. If invoicing is not consistent with value delivered, revenue is recognized as the services
are performed. When services are performed through an indefinite number of repetitive acts over
a specified period, revenue is recognised on a straight-line basis over the specified period unless
some other method better represents the manner in which services are performed.

Revenue is measured based on the transaction price, which is the consideration, adjusted for
rebates, credits, price concessions, discounts, pricing incentives and other similar items if any,
as specified in the contract with the customer. Sales tax / Value Added Tax (VAT) / Goods and
Services Tax ('GST') is not received by the Company on its own account. Rather, it is tax collected
on value added to the commodity / service rendered by the seller on behalf of the Government.
Accordingly, it is excluded from revenues.

Contract assets and contract liabilities

Contract assets represent cost and earnings in excess of billings as at the end of the reporting
period. Contract assets are classified as unbilled receivables (only act of invoicing is pending)
when there is unconditional right to receive cash, and only passage of time is required, as per
contractual terms.

Contract liabilities(Unearned revenues) represent billing in excess of revenue recognized.

Revenues are reported net of GST and applicable discounts and allowances.

m. Government grants:

Grants from the Government are recognised by the Company when there is reasonable assurance that
the conditions attached to the grant will be complied and it will be received.

Government grants related to revenue are recognised on a systematic basis in the statement of profit
and loss over the periods necessary to match them with the related costs which they are intended to
compensate. Such grants are deducted in reporting the related expense. The grant pertaining to an
asset is recognized as income over the expected useful life of the asset.

n. Dividend

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. The Company declares and pays dividends in Indian rupees to the share holders after
deducting the taxes at applicable rates.

o. Foreign currency transactions and translations

Transactions in foreign currency are translated into the respective functional currencies using the
exchange rates prevailing at the dates of the respective transactions.

For the purposes of presenting the financial statements assets and liabilities of Company's foreign
operations with functional currency different from the Company are translated into Company's
functional currency i.e. INR using exchange rates prevailing at the end of each reporting period.

Non-monetary assets and liabilities that are measured at fair value in a foreign currency are translated
into the functional currency at the exchange rate prevalent at the date when the fair value was
determined. Non-monetary assets and liabilities denominated in a foreign currency and measured at
historical cost are translated at the exchange rate prevalent at the date of transaction.

When a foreign operation is disposed off, the relevant amount recognized in FCTR is transferred to the
statement of profit or loss as part of the statement of profit and loss on disposal.

Foreign currency gains and losses are reported on a net basis. This includes changes in the fair value of
foreign exchange derivative instruments, which are accounted at fair value through profit or loss.

p. Finance income and expense

Finance income consists of interest income on funds invested, dividend income and fair value gains
on the FVTPL financial assets. Interest income is recognized as it accrues in the statement of profit and
loss, using the effective interest rate method.

Dividend income is recognized in the statement of profit and loss on the date that the Company's right
to receive payment is established.

Finance expenses consist of interest expense on loans and borrowings. Borrowing costs are recognized
in the statement of profit and loss using the effective interest method.

The 'effective interest rate' is the rate that exactly discounts estimated future cash payments or receipts
through the expected life of the financial instrument to the gross carrying amount of the financial
asset; or the amortised cost of the financial liability.

In calculating interest income and expense, the effective interest rate is applied to the gross carrying
amount of the asset (when the asset is not credit-impaired) or to the amortised cost of the liability.
However, for financial assets that have become credit-impaired subsequent to initial recognition,
interest income is calculated by applying the effective interest rate to the amortised cost of the
financial asset. If the asset is no longer credit-impaired, then the calculation of interest income reverts
to the gross basis.

q. Share based payments

Equity-settled share-based payments to employees are measured at the fair value of the equity
instruments at the grant date.

The fair value determined at the grant date of the equity-settled share-based payments is expensed on
a straight-line basis over the vesting period, based on the Company's estimate of equity instruments
that will eventually vest, with a corresponding increase in equity. At the end of each reporting year,
the Company revises its estimate of the number of equity instruments expected to vest. The impact
of the revision of the original estimates, if any, is recognised in statement of profit and loss such that
the cumulative expense reflects the revised estimate, with a corresponding adjustment to the equity-
settled employee benefits reserve. Own equity instruments that are reacquired (treasury shares) are
recognised at cost and deducted from equity. No gain or loss is recognised in the statement of profit
and loss on the purchase, sale, issue or cancellation of the Company's own equity instruments.

Employees of the Company receive remuneration in the form of cash settled share based transaction,
for rendering services over a defined vesting period.

r. Impairment

a) Financial assets :

In accordance with Ind AS 109, the Company applies Expected Credit Loss (ECL) model for
measurement and recognition of impairment loss.

The Company assesses at each balance sheet date whether a financial asset or a Company
of financial assets is impaired. The Company follows 'simplified approach' for recognition of
impairment loss allowance on trade receivable and unbilled revenue. The application of simplified
approach does not require the Company to track changes in credit risk. Rather, it recognizes
impairment loss allowance based on lifetime ECL's at each reporting date, right from its initial
recognition. The Company recognizes lifetime expected credit losses for all trade receivables
and/or other contract assets that do not constitute a financing transaction. 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.

ECL allowance (or reversal) is recognised as income / expense in the statement of profit and loss.

For financial guarantee contracts held by the Company that is not an integral element of
another financial instrument, the Company accounts for such a financial guarantee contract as
a prepayment of the guarantee premium and a compensation right asset. Further, the Company
recognizes a compensation right when it recognizes the related allowance for expected credit
losses, where it is certain that the compensation will be received if the credit loss is actually
suffered. The Company has presented the compensation right asset in the statement of profit and
loss in the same line item as allowance for expected credit loss.

Credit impaired financial assets:

At each reporting date, the Company assesses whether financial assets carried at amortised cost
are credit-impaired. A financial asset is 'credit-impaired' when one or more events that have a
detrimental impact on the estimated future cash flows of the financial asset have occurred.

Evidence that a financial asset is credit-impaired includes the following observable data:

• significant financial difficulty of the debtor;

• it is probable that the debtor will enter bankruptcy or other financial reorganisation;

Write off - The gross carrying amount of a financial asset is written off when the Company has
no reasonable expectations of recovering a financial asset in its entirety or a portion thereof.

The financial assets that are written off could still be subject to enforcement activities in order to
comply with the Company's procedures for recovery of amounts due.

b) Non-financial assets

The Company assesses at each reporting date whether there is any objective evidence that a non
financial asset including goodwill or a Company of non financial assets is impaired. If any such
indication exists, the Company estimates the amount of impairment loss.

An impairment loss is calculated as the difference between an asset's carrying amount and
recoverable amount. Losses are recognised in statement of profit and loss and reflected in an
allowance account. If the amount of impairment loss subsequently decreases and the decrease
can be related objectively to an event occurring after the impairment was recognised, then the
previously recognised impairment loss is reversed through statement of profit and loss.

The carrying amount of the asset is increased to its revised recoverable amount, provided that
this amount does not exceed the carrying amount that would have been determined (net off any
accumulated depreciation/amortisation) had no impairment loss been recognised for the asset in
prior years.

The recoverable amount of an asset or cash-generating unit (as defined below) is the greater of
its value in use and its fair value less costs to sell. In assessing value in use, the estimated future
cash flows are discounted to their present value using a pre-tax discount rate that reflects current
market assessments of the time value of money and the risks specific to the asset. For the purpose
of impairment testing, assets are Companied together into the smallest Company of assets that
generates cash inflows from continuing use that are largely independent of the cash inflows of
other assets or Company of assets (the "cash-generating unit").

s. Earnings per share

Basic earnings per equity share is computed by dividing the net profit attributable to the equity
shareholders of the Company by the weighted average number of equity shares outstanding during
the period.

Diluted earnings per equity share is computed by dividing the net profit attributable to the equity
shareholders of the Company by the weighted average number of equity shares considered for
deriving basic earnings per equity share and also the weighted average number of equity shares that
could have been issued upon conversion of all dilutive potential equity shares. The dilutive potential
equity shares are adjusted for the proceeds receivable had the equity shares been actually issued at
fair value (i.e. the average market value of the outstanding equity shares). Dilutive potential equity
shares are deemed converted as at the beginning of the period, unless issued at a later date. Dilutive
potential equity shares are determined independently for each period presented.

t. Contingent liabilities

Contingent liabilities exist 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 or the amount
cannot be reliably estimated. Contingent liabilities are appropriately disclosed unless the possibility of
an outflow of resources embodying economic benefits is remote.

u. Contingent assets

A contingent asset is a possible asset that arises from past events and whose existence will be
confirmed only by the occurrence or non-occurrence of one or more uncertain future events not
wholly within the control of the entity. The Company does not recognize a contingent asset.

v. Goodwill

Goodwill is initially measured at cost, being the excess of the aggregate of the consideration
transferred and any previous interest held, over the net identifiable assets acquired and liabilities
assumed. If the fair value of the net assets acquired is in excess of the aggregate consideration
transferred, the excess is recognized as capital reserve after reassessing the fair values of the net assets.

Goodwill is tested for impairment annually for current events or circumstances indicate that unused fair
value of goodwill is than its carrying amount (based on facts such as business plan, future cash flow
and economic condition).

w. Events after the reporting period

Adjusting events are events that provide further evidence of conditions that existed at the end
of the reporting period. The standalone financial statements are adjusted for such events before
authorisation for issue.

Non-adjusting events are events that are indicative of conditions that arose after the end of the
reporting period. Non-adjusting events after the reporting date are not accounted, but disclosed.

2.3 Recent 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. For the year ended
March 31, 2025, MCA has not notified any new standards or amendments to the existing standards
applicable to the Company.

(vi) Equity shares movement during the 5 years preceding March 31, 2025

Equity shares issued as bonus: The Company allotted 138,769,238 equity shares as fully paid up bonus
shares in the ratio of 1:1, by capitalisation of securities premium amounting to 1,387 lakhs for the quarter
ended December 31, 2023 (Financial year 2023 - 24), pursuant to an ordinary resolution passed after taking
the consent of shareholders through postal ballot.

(Equity shares issued as bonus: The Company allotted 34,642,061 equity shares as fully paid up bonus
shares in the ratio of 1:3, by capitalisation of securities premium amounting to 346 lakhs for the quarter
ended September 30, 2022 (Financial year 2022 - 23), pursuant to an ordinary resolution passed after taking
the consent of shareholders through postal ballot.)

The Company has not issued any shares for consideration other than cash or bought back during the
period of five years immediately preceding the reporting date. Further, there are no bonus shares issued
during the period of 5 years immediately preceding the reporting date, except as disclosed above. There
are no shares reserved for issue under contracts or commitment for sale of shares or disinvestment.

(vii) Distributions of dividend

During the year ended March 31, 2025, the Company has incurred a net cash outflow ^ 12,227 lakhs
towards final dividend for fiscal 2024. (During the year ended March 31, 2024, the Company has incurred
a net cash outflow ^ 12,139 lakhs towards final dividend for fiscal 2023 and ^ 9,713 lakhs towards interim
dividend for fiscal 2024.)

The applicable Indian corporate statutory tax rate for the year ended March 31, 2025 and March 31, 2024 is
25.17% and 25.17% respectively.

On September 20, 2019, the Government of India, vide the Taxation Laws (Amendment) Ordinance 2019,
inserted Section 115BAA in the Income Tax Act, 1961, which provides domestic companies an option to
pay Corporate Tax at reduced rate effective April 01, 2019, subject to certain conditions. The Company had
opted to pay tax at the reduced rate.

Dividend income from certain category of investments is exempt from tax. The difference between the
reported income tax expense and income tax computed at statutory tax rate is primarily attributable to
income exempt from tax.

The Company is also subject to tax on income attributable to its permanent establishments in foreign
jurisdictions due to operation of its foreign branches.

iii) Market risk

Foreign currency exchange rate risk

The Company's exchange risk arises from its foreign operations, foreign currency revenues and expenses,
(primarily in U.S. Dollar, British pound sterling and Euro). A significant portion of the Company's revenues
are in these foreign currencies, while a significant portion of its costs are in Indian rupees. As a result, if
the value of the Indian rupee appreciates relative to these foreign currencies, the Company's revenues
measured in rupees may decrease. The exchange rate between the Indian rupee and these foreign
currencies has changed substantially in recent periods and may continue to fluctuate substantially in
the future. The Company reviews on a periodic basis to formulate the strategy for foreign currency risk
management.

Consequently, the Company uses derivative financial instruments, such as foreign exchange forward
contracts, to mitigate the risk of changes in foreign currency exchange rates in respect of its forecasted cash
flows and trade receivables.

30. Capital management

The Company's policy is to maintain a strong capital base so as to maintain investor, creditor and market
confidence and to sustain future development of the business. The Company monitors the return on capital
as well as the level of dividends on its equity shares. The Company's objective when managing capital is to
maintain an optimal structure so as to maximize shareholder value.

31. Employee benefit plans

i) Defined contribution plans

In accordance with the law, all employees of the Company are entitled to receive benefits under the
provident and pension fund. The Company has no obligation other than the contribution to the
provident and pension fund.

a) Provident fund

Employees receive benefits from government administered provident fund. The employer and
employees each make periodic contributions to the government administered provident fund.

A portion of the contribution is made to the government administered provident fund while the
remainder of the contribution is made to the pension fund.

Provident fund contributions amounting to ? 1,367 lakhs (for the year ended March 31, 2024
? 1,368 lakhs ) has been charged to the standalone statement of profit and loss (as part of
contribution to provident fund and other funds in Note 19 Employee benefits expense).

b) During the year the Company has recognised the following amounts in the statement of profit
and loss towards Employers contribution to:

Terms and conditions of transactions with related parties:

1. The sales to, purchases, commission income and rent income from related parties are made on terms
equivalent to those that prevail in arm's length transactions.

2. Inter corporate deposits are unsecured, repayable on demand in cash and interest rate ranges between
8.5%-9.9%. Inter corporate loans represent amounts lent to the subsidiary for meeting working capital
requirements.

3. Commission on corporate guarantee is charged at 1%. Corporate guarantee has been issued to a
supplier of Sonata Information Technology Limited (SITL) to comply with the contractual obligations in
the ordinary course of business. The guarantee would come into effect only upon failure of SITL to pay
the amounts outstanding to such supplier.

4. The balance outstanding above are unsecured and would be settled in cash.

- for the quarter ended December, 2024, variance of ^ 515 Lakhs in book debts.

The quarterly statements filed by the Company in the previous year with such banks are in agreement with
the books of account of the Company except:

- for the quarter ended June, 2023, variance of ^320 Lakhs in book debts.

- for the quarter ended September, 2023, variance of ^1,212 Lakhs in book debts.

- for the quarter ended December, 2023, variance of ^ 1,194 Lakhs in sundry creditors.

The variances are primarily attributable to re-classifications. The Company has subsequently filed rectified
statements.

43. Additional disclosures required by Schedule III (amendments dated 24
March 2021) to the Companies Act, 2013:

(i) The Company does not have any benami property, where any proceeding has been initiated or
pending against the Company for holding any benami property.

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

(iii) The Company has not traded or invested in crypto currency or virtual currency during the financial
year.

(iv) No funds have been advanced or loaned or invested (either from borrowed funds or share premium
or any other sources or kind of funds) by the Company to or in any other person(s) or entity(ies),
including foreign entities ("Intermediaries"), with the understanding, whether recorded in writing or
otherwise, 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.

(v) No funds have been received by the Company from any person or entity, including foreign entity
(Funding Parties), with the understanding, whether recorded in writing or otherwise, that the Company
shall, whether, directly or indirectly, lend or invest in other persons or entities identified in any manner
whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or provide any guarantee,
security or the like on behalf of the Ultimate Beneficiaries.

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

(vii) The Company is not declared as willful defaulter by any bank or financial institution (as defined under
the Companies Act, 2013) or consortium thereof or other lender in accordance with the guidelines on
willful defaulters issued by the Reserve Bank of India.

(viii) The Company has complied with the number of layers for its holding in downstream companies
prescribed under clause (87) of Section 2 of the Companies Act, 2013 read with the Companies
(Restriction on number of Layers) Rules, 2017.

(ix) The Company has not entered into any transactions with struck off Companies under Section 248 of
the Companies Act, 2013 or Section 560 of the Companies Act, 1956 for the year ended 31 March
2025.

(x) The Company has not revalued any of its property, plant and equipment (including right-of-use assets)
during the year.

As per our report of even date attached

For B S R & Co. LLP For and on behalf of the Board of Directors of Sonata Software Limited

Chartered Accountants CIN: L72200MH1994PLC082110

Firm's Registration No: 101248W/W-100022 Sanjay K Asher Samir Dhir

Chairman Managing Director & CEO

DIN:00008221 DIN: 03021413

Amrit Bhansali Jagannathan C N R Sathyanarayana

Partner Chief Financial Officer VP - Finance & Accounts

Membership No. 065155

Mangal Krishnarao Kulkarni

Company Secretary

Place: Mumbai Place: Mumbai Place: Mumbai

Date : May 07, 2025 Date : May 07, 2025 Date : May 07, 2025