(k) Provisions, Contingent Liabilities and Contingent
Assets

Provisions are recognised when the Company has
a present obligation (legal or constructive) as a
result of a past event, it is probable that an outflow
of economic benefits will be required to settle the
obligation, and a reliable estimate can be made of
the amount of the obligation.

The amount recognised 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.

These estimates are reviewed at each reporting
date and adjusted to reflect the current best
estimates. If the effect of the time value of money
is material, provisions are discounted. The discount
rate used to determine the present value is a pre¬
tax rate that reflects current market assessments
of the time value of money and the risks specific to
the liability. The increase in the provision due to the
passage of time is recognised as interest expense.

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.

A contingent asset is a possible asset 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. Contingent assets are
not recognised till the realisation of the income is
virtually certain. However the same are disclosed
in the financial statements where an inflow of
economic benefit is possible.

(l) Income Tax

i) Current Income Tax:

Current Income Tax is measured at the amount
expected to be paid to the tax authorities in
accordance with Income Tax Act, 1961.

ii) Deferred Tax:

Deferred tax is provided using the balance
sheet approach on temporary differences
between the tax bases of assets and liabilities
and their carrying amounts for financial
reporting purposes at the reporting date.
Deferred tax assets are recognised 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 utilised.

The tax rates and tax laws used to compute
the tax are those that are enacted or
substantively enacted at the reporting date.
Current income tax and deferred tax relating

to items recognised directly in equity is
recognised in equity and not in the statement
of profit and loss.

Deferred tax assets and liabilities are offset
when there is a legally enforceable right to
offset current tax assets against current tax
liabilities and when the deferred income taxes
assets and liabilities relate to income taxes
levied by the same taxation authority on either
the same taxable entity or different taxable
entities where there is an intention to settle the
balances on a net basis.

(m) Foreign currency and translations

i) Functional and presentation currency

Items included in the financial statements of
the Company are measured using the currency
of the primary economic environment in which
the Company operates (“functional currency”).
The financial statements are presented in
Indian Rupees (INR), which is the functional
currency of the Company.

ii) Foreign currency transactions and balances

Transactions in foreign currencies are recorded
at the exchange rate at the date of the
transaction. Monetary assets and liabilities in
foreign currencies are translated at the year-
end rate. Any resultant exchange differences
are taken to the statement of profit and loss,
except when deferred in other comprehensive
income as qualifying cash flow hedges. Non¬
monetary assets and liabilities denominated in
a foreign currency and measured at historical
cost are recorded at the exchange rate
prevalent at the date of transaction.

(n) Revenue from contracts with customer

Revenue from contract with customers is recognised
when the Company satisfies performance
obligation by transferring promised goods and
services to the customer. Performance obligations
maybe satisfied at a point of time or over a period
of time. Performance obligations satisfied over a
period of time are recognised as per the terms of
relevant contractual agreements/ arrangements.

Performance obligations are said to be satisfied at
a point of time when the customer obtains controls
of the asset or when services are rendered.

Revenue is measured based on transaction price (net of
variable consideration) allocated to that performance
obligation. The transaction price of the goods and
services to a customer is based on the price specified
in the contract and is net of variable consideration
on account of estimated sales incentives / discounts
offered by the Company. Accumulated experience is
used to estimate and provide for the discounts/ right
of return, using the expected value method.

A refund liability is recognised for expected sale
returns and corresponding assets are recognised
for the products expected to be returned.

The Company recognises as an asset, the
incremental costs of obtaining a contract with a
customer, if the Company expects to recover those
costs. The said asset is amortised on a systematic
basis consistent with the transfer of goods or
services to the customer.

(o) Government Grant

Government grants including any non-monetary
grants are recognised where there is reasonable
assurance that the grant will be received and
all attached conditions will be complied with.
Government grants are recognised in the statement
of profit and loss on a systematic basis over the
periods in which the related costs, which the grants
are intended to compensate, are recognised as
expenses. Government grants related to property,
plant and equipment are presented at fair value
and grants are recognised as deferred income.

(p) Leases

As a lessee

At inception of a contract, the Company assesses
whether a contract is or contains a lease. A contract
is, or contains, a lease if a contract conveys the
right to control the use of an identified asset for
a period of time in exchange for consideration. To
assess whether a contract conveys the right to
control the use of an identified asset, the Company
assesses whether:

- the contract conveys the right to use an
identified asset;

- the Company has the right to obtain
substantially all the economic benefits from use
of the asset throughout the period of use; and

- the Company has the right to direct the use of
the identified asset.

At the date of commencement of a lease, the
Company recognises a right-of-use asset (“ROU
assets”) and a corresponding lease liability for all
leases, except for leases with a term of twelve months or
less (short-term leases) and low value leases. For short¬
term and low value leases, the Company recognises the
lease payments as an operating expense on a straight¬
line basis over the term of the lease. Company has
considered all leases where the value of an underlying
asset does not individually exceed Rs.0.05 crores, or
equivalent as a lease of low value assets.

Certain lease arrangements includes the options to
extend or terminate the lease before the end of the
lease term. Lease payments to be made under such
reasonably certain extension options are included in
the measurement of ROU assets and lease liabilities.

Lease liability is measured by discounting the lease
payments using the interest rate implicit in the lease
or, if not readily determinable, using the incremental
borrowing rates in the country of domicile of the leases.
Lease liabilities are remeasured with a corresponding
adjustment to the related right of use asset if the
Company changes its assessment of whether it will
exercise an extension or a termination option.

Lease payments are allocated between principal
and finance cost. The finance cost is charged to the
statement of profit and loss over the lease period so
as to produce a constant periodic rate of interest on
the remaining balance of the liability for each period.

The ROU assets are initially recognised at cost, which
comprises the initial amount of the lease liability
adjusted for any lease payments made at or prior to
the commencement date of the lease plus any initial
direct costs less any lease incentives and restoration
costs. They are subsequently measured at cost less
accumulated depreciation and impairment losses, if

any. ROU assets are depreciated on a straight-line
basis over the asset’s useful life (refer 2.2(b)) or the
lease whichever is shorter.

Impairment of ROU assets is in accordance with
the Company’s accounting policy for impairment of
tangible and intangible assets.

As a lessor

Lease income from operating leases where the Company
is a lessor is recognised in the statement of profit and
loss on a straight- line basis over the lease term.

(q) Borrowing Costs

Borrowing costs consist of interest, ancillary and
other costs that the Company incurs in connection
with the borrowing of funds and interest relating
to other financial liabilities. Borrowing costs also
include exchange differences to the extent regarded
as an adjustment to the borrowing costs.

Borrowing costs directly attributable to the
acquisition, construction or production of an asset
that necessarily takes a substantial period of time to
get ready for its intended use or sale are capitalised
as part of the cost of the asset. All other borrowing
costs are expensed in the period in which they occur.

(r) Exceptional Items

Exceptional items are disclosed separately in the
financial statements where it is necessary to do so
to provide further understanding of the financial
performance of the Company. These are material
items of income or expense that have to be shown
separately due to their nature or incidence.

(s) Earnings per share

The Company presents basic and diluted earnings
per share data for its ordinary shares. Basic earnings
per share is calculated by dividing the profit or loss
attributable to ordinary shareholders of the Company
by the weighted average number of ordinary shares
outstanding during the year. Diluted earnings per
share is determined by adjusting the profit or loss
attributable to ordinary shareholders and the weighted
average number of ordinary shares outstanding,
adjusted for own shares held and considering the
effect of all dilutive potential ordinary shares.

(t) Segment Reporting

Segments are identified based on the manner in
which the Company’s Chief Operating Decision
Maker (‘CODM’) decides about resource allocation
and reviews performance.

Segment results that are reported to the CODM
include items directly attributable to a segment as
well as those that can be allocated on a reasonable
basis. Segment capital expenditure is the total cost
incurred during the period to acquire property and
equipment and intangible assets including Goodwill.

(u) 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 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 if material.

2.3 Key accounting judgement, estimates and
assumptions

The preparation of the financial statements requires
management to exercise judgment and to make
estimates and assumptions. These estimates and
associated assumptions are based on historical
experiences and various other factors that are believed
to be reasonable under the circumstances. Actual results
may differ from these estimates. The estimates and
underlying assumptions are reviewed on an on-going
basis. Revision to accounting estimates are recognised in
the period in which the estimate is revised if the revision
affect only that period, or in the period of the revision
and future periods if the revision affects both current
and future period.

The areas involving critical estimates or judgements are:

(a) Goodwill and Intangibles

The Company records all intangible assets including
goodwill acquired as part of a business combination
at fair value. In relation to business combinations,
judgement is required to be exercised on determining

the fair values, identification and measurement
of assets acquired and liabilities assumed, in
allocation of purchase consideration, in deciding
the amortisation policy and on tax treatment of
goodwill and intangible assets acquired. Judgement
is also required to be exercised as regards the
manner in which the carrying amount of goodwill
is likely to be recovered for deferred tax accounting
purposes. Appropriate independent professional
advice is also obtained, as necessary. Goodwill has
a useful life which is same as that of underlying
cash generating unit. Intangible assets are assigned
either an indefinite or a finite useful life, depending
on the nature and expected consumption. Goodwill
and indefinite lived intangible assets are as a
minimum, subjected to annual tests of impairment
in line with the accounting policy whereas all other
intangibles assets are amortised. (Refer Note 5)

(b) Depreciation and amortisation

Depreciation and amortisation is based on
management estimates of the future useful lives of
the property, plant and equipment and intangible
assets. Estimates may change due to technological
developments, competition, changes in market
conditions and other factors and may result in changes
in the estimated useful life and in the depreciation and
amortisation charges. (Refer Note 3, 4 and 5)

(c) Employee Benefits

The present value of the defined benefit obligations
depends on a number of factors that are determined
on an actuarial basis using a number of assumptions.
The assumptions used in determining the net cost/
(income) for pensions include the discount rate.
Any changes in these assumptions will impact the
carrying amount of pension obligations.

The Company determines the appropriate discount
rate at the end of each year. This is the interest
rate that should be used to determine the present
value of estimated future cash outflows expected
to be required to settle the pension obligations.
In determining the appropriate discount rate, the
Company considers the interest rates of Government
securities that are denominated in the currency
in which the benefits will be paid and that have

terms to maturity approximating the terms of the
related pension obligation. Other key assumptions
for pension obligations are based in part on current
market conditions. (Refer Note 39)

(d) Fair value of derivatives and other financial
instruments

All financial instruments are required to be fair
valued as at the balance sheet date, as provided in
Ind AS 109 and Ind AS 113. Being a critical estimate,
judgement is exercised to determine the carrying
values. The fair value of financial instruments that
are unlisted and not traded in an active market is

determined at fair values assessed based on recent
transactions entered into with third parties, based
on valuation done by external appraisers etc., as
applicable. (Refer Note 38)

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

Branded business within India is treated as a single CGU taking into account way the business is managed and the operating
structures, and as independent cash inflows are generated at the country level.

Value in use i.e. the enterprise value for each CGU is calculated using cash flow projections over a period of 5 years, with
amounts based on medium term strategic plans, subject to experience adjustments. Cash flows beyond the 5 years period are
extrapolated using a long term growth rate.

Key assumptions in the business plans include future revenue, associated future levels of marketing support and other relevant
cost-base. These assumptions are based on historical trends and future market expectations specific to each CGU.

Other key assumptions applied in determining value in use are:

• Long term growth rate - Cash flows beyond the 5 years period are extrapolated using the estimated long-term growth rate
applicable for the geographies in which the CGU operate.

• Discount rate - The discount rate is based on a Weighted Average Cost of Capital (WACC) for comparable companies
operating in similar markets.

c) During the current year, the Company has made an additional equity investment of Rs. 166.04 Crores in Tata Coffee Vietnam
Company Limited, which is a single member limited liability Company.

d) During the year, the Company has completed its internal restructuring initiatives in international operations in the US.
This has led to simplification of the holding structures with reduction of the number of legal entities thereby leading to
operational integration and synergies. Arising from this restructuring the following were undertaken in Tata Tea Extractions
Inc (“TTEI”) and Consolidated Coffee Incorporated (“CCI”):

• TTEI, a WOS incorporated in the US, has transferred its business and substantially all its net assets to Tata Consumer
Products US Holdings Inc (“TCPUSH”), a Wholly owned subsidiary of Tata Consumer Products UK Group Limited
(“TCPG”) - A wholly owned subsidiary of the Company through Tata Consumer Products Capital Limited - (“TCPC”).
Pursuant to this transfer, TTEI has ceased to trade and have adopted a plan for liquidation and dissolution w.e.f May
1, 2024 and will be wound up after the dormancy period as per relevant regulations in the US. Consequent to this
restructure within the Group, the investment in TTEI has accordingly being reallocated to Tata Consumer Products UK
Group Limited at Rs 26.87 Crores and with Tata Consumer Products Capital Limited at Rs 32.86 Crores respectively.

• CCI, a WOS incorporated in the US, has transferred substantially all its net assets to Tata Consumer Products US
Holdings Inc (“TCPUSH”), a Wholly owned subsidiary of Tata Consumer Products UK Group Limited (“TCPG”) - A wholly
owned subsidiary of the Company through Tata Consumer Products Capital Limited- (“TCPC”). This was followed by
a selective buy back of 16.7% equity share capital held by TCPC in CCI. Pursuant to this transfer and buyback, CCI
has ceased to trade and have adopted a plan for liquidation and dissolution w.e.f July 1, 2024 and will be wound up
after the dormancy period as per relevant regulations in the US. Consequent to this restructure within the Group, the
investment in CCI has accordingly being reallocated to Tata Consumer Products UK Group Limited at Rs 125.73 Crores
and with Tata Consumer Products Capital Limited at Rs 107.08 Crores respectively.

e) During the current year, the Company has acquired 100% equity shares of Organic India Private Limited (OIPL), an Indian
Company with a wholly owned subsidiary in the USA pursuant to a share purchase agreement(“SPA”). OIPL is engaged
in the business of manufacturing and sale of organic products including tea, infusions, herbal supplements and packaged
foods under the brand ‘Organic India’ with presence in both domestic and international market. This acquisition will enable
Tata Consumer Products to expand its product portfolio and enable creation of health and wellness platform. The investment
value includes an additional contingent consideration payout to the erstwhile Shareholders based on the terms of SPA, the
Contingent consideration liability has accordingly been recorded under “Other Financial Liabilities” in the balance sheet

f) Investment in preference shares of Amalgamated Plantations Pvt. Ltd (APPL) subscribed in an earlier year of Rs 37.98
Crores [67000000 shares of Rs 10 each] is redeemable with a special redemption premium, on fulfilment of certain
conditions, within 20 years from the date of the issue and are designated as fair value through profit and loss. Preference
shares subscribed to in the financial year 2021-22 and 2022-23 of Rs 156.74 Crores [200000000 shares of Rs 10 each] are
optionally convertible, cumulative, and redeemable carrying an annual coupon rate of 6% with special redemption premium
issued for a period of 10 years and are also designated as fair value through profit and loss.

g) Preference shares of TRIL Constructions Limited are non-cumulative and mandatorily fully convertible within twenty years
from the issue date and the same is carried at cost.

h) Investment carrying values are below Rs. 0.01 crores.

i) Preference shares of TCPL Beverages & Foods Limited (Renamed to Tata Coffee Limited) are Optionally Convertible non¬
cumulative and redeemable preference shares with the term of 8 years.

j) These investments are fully impaired.

k) Acquired fully or partly consequent to amalgamation of erstwhile Tata Coffee Limited with the Company

l) Mutual fund investments represent surplus cash deployed as a part of treasury operations (Refer to Statement of Cashflow)

m) Relating to Power Purchase Agreement entered by the Company.

ii) Rights, preferences and restrictions attached to shares

The Company has one class of equity shares having a par value of Re 1 each. Each shareholder is eligible for one vote
per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the
ensuing Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders
are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion
to their shareholding.

iii) Equity shares allotted as fully paid-up (during 5 years preceding March 31, 2025) pursuant to contracts without
payment being received in cash

(a) During the financial year 2023-24, 23823166 equity shares were issued consequent to and as part of the Composite
Scheme of Arrangement between the Company, Tata Coffee Limited and TCPL Beverages & Foods Limited

(b) During the financial year 2022-23, 7459935 equity shares were issued consequent to acquisition of
10.15% additional stake in Tata Consumer Products UK Group Limited, an overseas subsidiary from Tata
Enterprises (Overseas) AG.

B. Measurement of fair values

The basis of measurement in respect to each class of financial asset, financial liability is disclosed in note 2.2(g) of the
financial statement.

The fair value of liquid mutual funds and long term equity investment is based on active market. Fair values of certain non¬
current investment are valued based on discounted cash flow/book value/EBITDA multiple approach. Derivative financial
instruments are generally valued based on Black-Scholes-Merton approach/Dollar offset principles.

C. Financial risk management

The Company has exposure to the following risks arising from financial instruments:

• Credit risk;

• Liquidity risk; and

• Market risk

i. Risk management framework

The Risk Management Committee of the Board is entrusted with the responsibility to assist the Board in overseeing
and approving the Company’s risk management framework. The Company has a comprehensive Risk policy relating
to the risks that the Company faces under various categories like strategic, operational, reputational and other risks
and these have been identified and suitable mitigation measures have also been formulated. The Risk Management
Committee reviews the key risks and the mitigation measures periodically. The Audit Committee has additional
oversight in the area of financial risks and control.

ii. Credit risk

Credit risk is the risk that counterparty will not meet its obligations leading to a financial loss. The Company is
exposed to credit risk arising from its operating (primarily trade receivables) and investing activities including deposits
placed with banks, financial institutions and other corporate deposits. The Company establishes an allowance for
impairment that represents its estimate of expected losses in respect of financial assets. Financial assets are classified
into performing, under-performing and non-performing. All financial assets are initially considered performing and
evaluated periodically for expected credit loss. A default on a financial asset is when there is a significant increase in
the credit risk which is evaluated based on the business environment. The assets are written off when the Company is
certain about the non-recovery.

a. Trade Receivables

The Company has an established credit policy and a credit review mechanism. The Company also covers certain
category of its debtors through a credit insurance policy. In such case the insurance provider sets an individual
credit limit and also monitors the credit risk. The concentration of credit risk arising from trade receivables is
limited due to large customer base.

Management believes that the unimpaired amounts that are past due by more than 90 days are still collectible in
full, based on historical payment behavior and analysis of customer credit risk.

b. Financial instruments and cash deposits

The credit risk from balances / deposits with banks, other financial assets and current investments are managed
in accordance with the Company’s approved policy. Investments of surplus funds are made only with approved
counterparties and within the limits assigned to each counterparties. The limits are assigned to mitigate the
concentration risks. These limits are actively monitored by the Company.

iii. Liquidity Risk

Liquidity risk is the risk that the Company may encounter difficulty in meeting its obligations. The Company monitors
rolling forecast of its liquidity position on the basis of expected cash flows. The Company’s approach is to ensure that
it has sufficient liquidity or borrowing headroom to meet its obligations at all point in time. The Company has sufficient
short term fund based lines, which provides healthy liquidity and these carry highest credit quality rating from reputed
credit rating agency.

iv. Market risk

Market risk is the risk that the fair value of the future cash flows will fluctuate because of changes in the market prices
such as currency risk, interest rate risk and commodity price risk.

a) Currency risk

The Company operates across various geographies and is exposed to foreign exchange risk on its various currency
exposures. The risk of changes in foreign exchange rates relates primarily to the Company’s operating activities
and translation risk, which arises from recognition of foreign currency assets and liabilities.

During the year, the Company has designated certain foreign exchange forward contracts as cash flow hedges
to mitigate the risk of foreign currency exposure on highly probable forecasted transactions. Hedge effectiveness
is determined at inception and periodic prospective effectiveness testing is done to ensure the relationship exist
between the hedged items and hedging instruments, including whether the hedging instruments is expected to
offset changes in cash flows of hedge items.

b) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because
of changes in market interest rates. The interest rate risk can also impact the provision for retiral benefits. The
Company generally utilises fixed rate borrowings and therefore not subject to interest rate risk, since neither the
carrying amount nor the future cash flows will fluctuate because of change in the market interest rates.

The Company is not exposed to significant interest rate risk as at the respective reporting dates.

c) Price Risk

The price risk is the risk arising from investments held by the Company and classified in the balance sheet either
as fair value through other comprehensive income or at fair value through profit or loss.

The Company’s equity investments are mainly strategic in nature and are generally held on a long term basis.
Further, the current investments are in units of liquid mutual fund and these are not exposed to significant price risk.

d) Commodity Risk

The Company is exposed to the fluctuations in commodity prices mainly for tea, coffee, salt and pulses. Mismatch
in demand and supply, adverse weather conditions, market expectations etc., can lead to price fluctuations. For
tea, the Company manages these price fluctuations by actively managing the sourcing of tea, private purchases
and alternate blending strategies without impacting the quality of the blend. For salt , coffee and pulses, these
fluctuations are managed through active sourcing and commercial negotiation with customers and suppliers
including through appropriate hedging policies.

Fair value represents impact of mark to market value as at year end.

Capital Management

The Company’s objective for capital management is to maximize shareholder wealth, safeguard business continuity
and support the growth of the Company. The Company determines the capital management requirement based
on annual operating plans and long term and other strategic investment plans. The funding requirements are met
through optimum mix of borrowed and own funds.

The Company contributes all its ascertained liabilities towards gratuity to the trust set up for the same. Trustees administer
the contributions made to the trust. As at March 31, 2025 and March 31, 2024, the plan assets have been primarily invested
in insurer managed funds.

Expected Contribution over the next financial year:

The Company is expected to contribute Rs. 15.88 Crores to defined benefit obligation funds for the year ending March 31, 2025.
(iii) Provident Fund

The Company operates Provident Fund Schemes and the contributions are made to recognized funds maintained by the
Company and for certain categories contributions are made to State Plans. The Company has an obligation to fund any
shortfall on the yield of the trust's investments over the administered rates on an annual basis. The Actuary has provided a
valuation for provident fund liabilities on the basis of guidance issued by Actuarial Society of India and based on the below
provided assumption:

The details of fund and plan asset position are given below:

40. Amalgamation of wholly owned subsidiaries with the Company

The Board of Directors of the Company, in its meeting held on October 31, 2023, has approved the Scheme of Amalgamation of
NourishCo Beverages Limited, Tata SmartFoodz Limited and Tata Consumer Soulfull Private Limited (wholly owned subsidiaries-
WOS) with the Company.

The aforesaid Scheme was sanctioned by Hon’ble National Company Law Tribunal (NCLT) Kolkata Bench vide order dated July
18, 2024. The Scheme has become effective from September 1, 2024 upon filing of the certified copy of the orders passed by
NCLT with the Registrar of Companies. All the assets, liabilities, reserves and surplus of the WOS have been transferred to and
vested in the Company. As part of the scheme of amalgamation, equity shares and preference shares, held by the Company in
the above entities have been cancelled.

The Appointed Date of the Scheme was April 1, 2024.

Accounting Treatment

The amalgamation has been accounted in accordance with “Pooling of interest method” as laid down in Appendix C - ‘Business
combinations of entities under common control’ of Ind AS 103 notified under Section 133 of the Companies Act read with
the Companies (Indian Accounting Standards) Rules, 2015. Accordingly, comparatives have been restated to give effect of the
amalgamation from the beginning of the previous year.

In addition, pursuant to the scheme of arrangement, the authorised share capital of the Company stands increased, by Rs.
889.00 Crores (equity & preference capital), being the aggregated authorised share capital of these subsidiaries.

Statutory CSR contribution for NourishCo Beverages Limited for FY 2024-25 was Rs. 72 lakhs. The same has been spent by the
company post-merger to fulfil the obligation within March 31, 2025.

* Due to repayment of borrowings taken for acquisition
@ Higher capital employed consequent to acquisition

Note 1: Debt includes lease liabilities

Note 2: Debt service = Interest and Lease payments and Principal Repayments

Note 3: Working Capital = Current Assets - (Current Liabilities - Current maturities of long term borrowings and lease
liabilities - Commercial papers for acquisition funding)

Note 4: EBIT = Profit before exceptional items Finance Costs - Interest and Investment Income

Note 5: Capital Employed = Tangible Net Worth (including non-current investments) Total Debt Deferred Tax Liabilities
ii) Relationship with Struck off Companies

The company does not have any transaction with companies struck off under section 248 of the Companies Act, 2013 or
section 560 of Companies Act, 1956, during the current year and in the previous year.

43. Unless otherwise stated, figures in brackets relate to the previous year. All the numbers have been rounded off to nearest crore.