o. Provisions

A provision is recognized when the Company has a
present obligation (legal or constructive) as a result of
past event, it is probable that an outflow of resources
embodying economic benefits will be required to
settle the obligation and a reliable estimate can be
made of the amount of the obligation. When the
Company expects some or all of a provision to be
reimbursed, for example, under an insurance contract,
the reimbursement is recognized as a separate asset,
but only when the reimbursement is virtually certain.
The expense relating to a provision is presented in the
statement of profit and loss net of any reimbursement.
If the effect of the time value of money is material,
provisions are discounted using a current pre-tax rate
that reflects, when appropriate, the risks specific to the
liability. When discounting is used, the increase in the
provision due to the passage of time is recognized as a
interest expense.

Onerous Contracts

If the Company has a contract that is onerous, the
present obligation under the contract is recognized
and measured as a provision. However, before
a separate provision for an onerous contract is
established, the Company recognizes any impairment
loss that has occurred on assets dedicated to that
contract. An onerous contract is a contract under
which the unavoidable costs (i.e., the costs that the
Company cannot avoid because it has the contract)
of meeting the obligations under the contract exceed
the economic benefits expected to be received under
it. The unavoidable costs under a contract reflect the
least net cost of exiting from the contract, which is the

lower of the cost of fulfilling it and any compensation
or penalties arising from failure to fulfil it. The cost of
fulfilling a contract comprises the costs that relate
directly to the contract (i.e., both incremental costs
and an allocation of costs directly related to contract
activities)

Warranty provisions

The Company provides warranties for general repairs
of defects that existed at the time of sale, as required
by law. Provisions related to these assurance-type
warranties are recognized when the product is sold,
or the service is provided to the customer. Initial
recognition is based on historical experience. The initial
estimate of warranty-related costs is revised annually
Restructuring provisions

Restructuring provisions are recognized only when
the Company has a constructive obligation, which is
when: (i) a detailed formal plan identifies the business
or part of the business concerned, the location and
number of employees affected, a detailed estimate
of the associated costs, and the timeline; and (ii) the
employees affected have been notified of the plan's
main features

p. Investment in subsidiaries, associates and joint
venture

Investment in subsidiaries, associates and joint venture
is carried at cost less impairment. Refer note (n) above
for impairment of non-financial assets.

q. Contingent liabilities

A contingent liability is a possible obligation that arises
from past events whose existence will be confirmed
by the occurrence or non-occurrence of one or more
uncertain future events beyond the control of the
Company or a present obligation that is not recognized
because it is not probable that an outflow of resources
will be required to settle the obligation. A contingent
liability also arises in extremely rare cases where there
is a liability that cannot be recognized because it cannot
be measured reliably. The Company does not recognize
a contingent liability but discloses its existence in the
financial statements.

r. Cash and cash equivalents

Cash and cash equivalents in the Balance Sheet
comprise cash at bank and on hand and short-term
investments with an original maturity of three months
or less which are subject to an insignificant risk of
changes in value.

For the purpose of the statement of cash flows,
cash and cash equivalents consist of cash and bank
balances and short-term deposits, as defined above,
net of outstanding bank overdrafts, if any, as they are
considered an integral part of the Company's cash
management.

s. Segment reporting

Operating segments are reported in a manner
consistent with the internal reporting provided to
the chief operating decision maker ('CODM'). The
executive directors are the chief operating decision
maker of the Company, who assess the financial
position, performance and make strategic decisions
The Company identifies reportable segments based
on the dominant source, nature of risks and return
and the internal organization and management
structure for which discrete financial information is
available. Revenue and expenses have been identified
to segments on the basis of their relationship to the
operating activities of the segment. Inter-segment
revenue have been accounted for based on the
transaction price agreed to between segments which is
primarily market based. Revenue and expenses, which
relate to the Company as a whole and are not allocable
to segments on a reasonable basis, have been included
under “Unallocated corporate expenses/ income”

t. Earnings per share

Basic earnings per share are calculated by dividing
the net profit or loss for the year attributable to equity
shareholders by the weighted average number of equity
shares outstanding during the period. Partly paid equity
shares are treated as a fraction of an equity share to the
extent that they are entitled to participate in dividends
relative to a fully paid equity share during the reporting
period. The weighted average number of equity shares
outstanding during the period is adjusted for events
such as bonus issue, bonus element in a rights issue,
share split, and reverse share split (consolidation
of shares) that have changed the number of equity
shares outstanding, without a corresponding change in
resources.

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

u. Dividend

The Company recognizes a liability to pay final dividend
to equity holders when the distribution is authorized,
and the distribution is no longer at the discretion of
the Company. As per the corporate laws in India, a
distribution is authorized when it is approved by the
shareholders. A corresponding amount is recognized
directly in equity. The Company recognizes a liability to
pay interim dividends to equity holders on the date of
declaration by the Company's Board of Directors

v. Non-current assets held for sale

The Company classifies non-current assets as held
for sale if their carrying amounts will be recovered

principally through a sale rather than through continuing
use.

Non-current assets classified as held for sale are
measured at the lower of their carrying amount and fair
value less costs to sell. Costs to sell are the incremental
costs directly attributable to the disposal of an asset,
excluding finance costs and income tax expense.

The criteria for held for sale classification is regarded
met only when the assets are available for immediate
sale in its present condition, subject only to terms that
are usual and customary for sales of such assets, its
sale is highly probable; and it will genuinely be sold, not
abandoned. The Company treats sale of the asset to be
highly probable when:

• The appropriate level of management is
committed to a plan to sell the asset,

• An active programme to locate a buyer and
complete the plan has been initiated (if
applicable),

• The asset is being actively marketed for sale at a
price that is reasonable in relation to its current
fair value,

• The sale is expected to qualify for recognition as
a completed sale within one year from the date of
classification, and

• Actions required to complete the plan indicate that
it is unlikely that significant changes to the plan
will be made or that the plan will be withdrawn.

Assets and liabilities classified as held for sale are
presented separately from other items in the balance
sheet.

2.3 Changes in accounting policies and disclosures
New and amended standards

The Company applied for the first-time certain standards
and amendments, which are effective for annual periods
beginning on or after April 01, 2025. The Company has not
early adopted any standard, interpretation or amendment
that has been issued but is not yet effective.

(i) Amendments to Ind AS 21 - Lack of exchangeability
The Ministry of Corporate Affairs (MCA) notified
the Companies (Indian Accounting Standards)
Amendment Rules, 2025, which amend Ind AS 21,
The Effects of Changes in Foreign Exchange Rates
to specify how an entity should assess whether a
currency is exchangeable and how it should determine
a spot exchange rate when exchangeability is lacking.
The amendments also require disclosure of information
that enables users of its financial statements to
understand how the currency not being exchangeable
into the other currency affects, or is expected to affect,
the entity's financial performance, financial position
and cash flows.

The amendments are effective for annual reporting
periods beginning on or after April 01, 2025.
When applying the amendments, an entity cannot
restate comparative information.

The amendments do not have a material impact on the
Company's financial statements.

(ii) Amendments to Ind AS 1 - Classification of
Liabilities as Current or Non-current and Non¬
current Liabilities with Covenants

In August 2025, the MCA notified amendments
to paragraphs 69 to 76 of Ind AS 1 to specify the
requirements for classifying liabilities as current or non¬
current. The amendments clarify:

• What is meant by a right to defer settlement

• That a right to defer must exist at the end of the
reporting period

• That classification is unaffected by the likelihood
that an entity will exercise its deferral right

• That only if an embedded derivative in a
convertible liability is itself an equity instrument
would the terms of a liability not impact its
classification

In addition, a requirement has been introduced to
require disclosure when a liability arising from a loan
agreement is classified as non-current and the entity's
right to defer settlement is contingent on compliance
with future covenants within twelve months.

If there is a breach of a material covenant of a long term
loan arrangement on or before the end of the reporting
period, resulting in the liability becoming payable on
demand as at the reporting date, and the lender agrees—
after the reporting period but before the financial
statements are approved for issue—not to demand
repayment for at least 12 months as a consequence of
the breach, this shall be treated as an adjusting event.
Accordingly, the entity is not required to classify the
liability as current.

The amendments are effective for annual reporting
periods beginning on or after April 01, 2025
retrospectively in accordance with Ind AS 8.

The amendments have not had an impact on the
classification of Company's liabilities.

(iii) Amendments to Ind AS 7 and Ind AS 107 - Supplier
Finance Arrangements

In August 2025, the MCA notified amendments to Ind
AS 7 Statement of Cash Flows and Ind AS 107 Financial
Instruments: Disclosures to clarify the characteristics
of supplier finance arrangements and require additional
disclosure of such arrangements. The disclosure
requirements in the amendments are intended to assist
users of financial statements in understanding the
effects of supplier finance arrangements on an entity's
liabilities, cash flows and exposure to liquidity risk.

As a result of implementing the amendments, the
Company has provided additional disclosures about
its supplier finance arrangement. Please refer to Note
14(c).

(iv) International Tax Reform-Pillar Two Model Rules
- Amendments to Ind AS 12

In August 2025, the MCA notified amendments to Ind
AS 12 Income Taxes in response to the OECD's BEPS
Pillar Two rules and include:

• A mandatory temporary exception to the
recognition and disclosure of deferred taxes
arising from the jurisdictional implementation of
the Pillar Two model rules; and

• Disclosure requirements for affected entities
to help users of the financial statements better
understand an entity's exposure to Pillar Two
income taxes arising from that legislation,
particularly before its effective date.

The mandatory temporary exception - the use of which
is required to be disclosed - applies immediately. The
remaining disclosure requirements apply for annual
reporting periods beginning on or after April 01, 2025,
but not for any interim periods ending on or before
March 31,2026.

The above amendments had no impact on the
Company's standalone financial statements for the year
ended March 31,2026.

NOTE - 3 [SIGNIFICANT ACCOUNTING JUDGEMENTS,
ESTIMATES AND ASSUMPTIONS

The preparation of the Company's financial statements requires
management to make judgements, estimates and assumptions
that affect the reported amounts of revenues, expenses, assets and
liabilities, and the accompanying disclosures, and the disclosure
of contingent liabilities. Uncertainty about these assumptions
and estimates could result in outcomes that require a material
adjustment to the carrying amount of assets or liabilities affected
in future periods.

Other disclosures relating to Company's exposure to risks and
uncertainties includes:

> Capital management Note 31

> Financial risk management objectives and policies Note 30

> Sensitivity analysis disclosures Notes 28 and 30.
Judgements

In the process of applying the Company's accounting policies,
management has made the following judgements, which have the
most significant effect on the amounts recognized in the financial
statements.

Leases

The Company determines the lease term as the non-cancellable
term of the lease, together with any periods covered by an option
to extend the lease if it is reasonably certain to be exercised, or
any periods covered by an option to terminate the lease, if it is
reasonably certain not to be exercised.

The Company has several lease contracts that include extension
and termination options. The Company applies judgement in
evaluating whether it is reasonably certain whether or not to
exercise the option to renew or terminate the lease. That is, it
considers all relevant factors that create an economic incentive
for it to exercise either the renewal or termination. After the
commencement date, the Company reassesses the lease term
if there is a significant event or change in circumstances that is
within its control and affects its ability to exercise or not to exercise
the option to renew or to terminate

Furthermore, the periods covered by termination options are
included as part of the lease term only when they are reasonably
certain not to be exercised.

Estimates and assumptions

The key assumptions concerning the future and other key sources
of estimation uncertainty at the reporting date, that have a
significant risk of causing a material adjustment to the carrying
amounts of assets and liabilities within the next financial year,
are described below. The Company based its assumptions and
estimates on parameters available when the financial statements
were prepared. Existing circumstances and assumptions about
future developments, however, may change due to market changes
or circumstances arising that are beyond the control of the
Company. Such changes are reflected in the assumptions when
they occur.

Inventory valuation:

The inventory is valued at the lower of the cost and net realizable
value (“NRV”). The determination of the NRV involves estimates
based on prevailing market conditions and taking into account
the estimated future selling price and selling costs and involves
significant estimates and judgement in the assessment. These
estimates and judgement significantly affect the determination of
the value of inventories.

Provision for expected credit losses (‘ECL’) of trade
receivables:

The Company uses a provision matrix to calculate ECL for trade
receivables. The provision rates are based on days past due for
groupings of various customers that have similar loss patterns
and involves significant estimates in the assessment. These
estimates and judgement significantly affect the valuation of trade
receivables.

Defined retirement benefit plans and other long-term
employee benefits:

The cost of the defined benefit plans and other long-term
employee benefits and the present value of the obligation thereon
are determined using actuarial valuations. An actuarial valuation
involves making various assumptions that may differ from actual
developments in the future. These include the determination of
the discount rate, future salary increases and mortality rates.
Due to the complexities involved in the valuation and its long-term
nature, obligation amount is highly sensitive to changes in these
assumptions. All assumptions are reviewed at each reporting date.

The calculation is most sensitive to changes in the discount rate.
In determining the appropriate discount rate for plans operated in
India, the management considers the interest rates of government
bonds.

The mortality rate is based on publicly available mortality tables.
Those mortality tables tend to change only at interval in response
to demographic changes. Future salary increases and gratuity
increases are based on expected future inflation rates and past
trends. Further details about gratuity obligations are given in Note
28.

Useful life and residual value of plant, property equipment:

The useful life and residual value of plant, property equipment
are determined based on evaluation made by the management of
the expected usage of the asset, the physical wear and tear and
technical or commercial obsolescence of the asset. Due to the
estimations involved in ascertaining the useful life and residual
value, the values are sensitive to the actual usage in future period.
Provision for litigations and contingencies:

The provision for litigations and contingencies is determined
based on evaluation made by the management of the present
obligation arising from past events the settlement of which is
expected to result in outflow of resources embodying economic
benefits, which involves estimating the ultimate outcome of such
past events and measurement of the obligation amount. Due to
the estimations involved, the provisions are sensitive to the actual
outcome in future periods.

Provision for warranty:

The provision for warranty is determined based on evaluation made
by the management of the past experience of the level of repairs
and returns, which involves estimating the expected warranty
claims on products sold. Hence, the provisions are sensitive to the
actual outcome in future periods.

Estimation of current tax expense and payable
Current tax is measured at the amount expected to be paid to the
tax authorities in accordance with the provisions of Income tax
Act, 1961. Deferred income tax is provided in full, using the liability
method, on temporary differences arising between the tax bases
of assets and liabilities and their carrying amounts in the financial
statements. The recognition of deferred tax assets is premised on
their future recoverability being probable.

Leases - Estimating the incremental borrowing rate
The Company cannot readily determine the interest rate implicit in
the lease, therefore, it uses its incremental borrowing rate (IBR)
to measure lease liabilities. The IBR is the rate of interest that the
Company would have to pay to borrow over a similar term, and with
a similar security, the funds necessary to obtain an asset of a similar
value to the right-of-use asset in a similar economic environment.
The IBR therefore reflects what the Company 'would have to pay',
which requires estimation when no observable rates are available.
The Company estimates the IBR using observable inputs (such
as market interest rates) when available and is required to make
certain entity-specific estimates.

Direct Comparison Approach for underlying land:

The Direct Comparison Approach involves a comparison of the property being valued to similar properties that have actually been sold in
arms length transactions or are offered for sale. This approach demonstrates what buyers have historically been willing to pay (and sellers
willing to accept) for similar properties in a competitive market and is particularly useful in estimating the value of the land and properties that
are typically traded on a unit basis. To ascertain the comparable transactions quotes, valuer would undertake an on ground market research
exercise involving interactions with local market players such as real estate brokers, accumulators, etc. The data would be collated with respect
to the general transaction activity in the subject regions. Post establishing the prevalent values in the subject micro markets, the value of the
subject properties would be ascertained through an adjustment of the comparable collated.

Depreciated Replacement Cost Method for built up structures:

The Depreciated Replacement Cost Method involves assessing the current cost of replacing an asset with its modern equivalent asset less
deductions for physical deterioration and all relevant forms of obsolescence and optimization. Depreciation refers to adjustments made to the
cost of an equivalent asset to reflect any comparative obsolescence (such as physical deterioration, functional or economic obsolescence)
that affects the subject asset over the remaining life of the subject asset at the valuation date with its expected total life (economic life of the
property). The physical life is how long the asset, ignoring any potential for refurbishment or reconstruction, could be used before the asset
would be completely worn out or beyond economic repair. The economic life is how long it is anticipated that the asset could generate returns
or provide a financial benefit.

NOTE - 121 ASSETS HELD FOR SALE

(a) 'On January 28, 2025, the Board of Directors of the Company approved to execute the Business Transfer Agreement with Keenfinity
India Private Limited (“the Purchaser”) for transfer of its “Video solutions, Access and Intrusions and Communication systems” Business
(Specified Business) with carrying value of net assets of Mio INR 506 as at March 31,2025, by way of slump sale for the agreed purchase
consideration of Mio INR 5,950 (with a purchase price adjustment). As at March 31, 2025, the Company had received consideration of
Mio INR 4,463 for the said sale. The transfer of business is completed on May 01,2025.

The specified business did not get qualified as a separate major line of business under IND AS 105 : Non current Assets held for sale and
discontinued operations and accordingly had not considered the same as a “discontinued operation” for the purpose of the standalone
financial statements during the previous year.

Terms/rights attached to equity shares:

The Company has only one class of equity shares having par value of Rs.10 per share. Each holder of equity shares is entitled to one vote
per share. The Company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the
approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation of the Company, the holders of equity
shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be
in proportion to the number of equity shares held by the shareholders.

As per the records of the Company, including its register of shareholders/members and other declarations received from shareholders
regarding beneficial interest, the above shareholding represents legal ownership of shares.

Nature and purpose of reserves

Capital reserve: Capital reserve represents profit on sale of businesses of earlier years. The reserve is utilized in accordance with the provisions
of the Companies Act, 2013.

Securities premium: Securities premium reserve is used to record the premium on issue of shares. The reserve is utilized in accordance with
the provisions of the Companies Act, 2013.

Capital redemption reserve: Reduction in nominal value of share capital on account of buy-back of shares is recorded as capital redemption
reserve. The reserve is utilized in accordance with the provisions of the Companies Act, 2013.

General reserve: The general reserve is used from time to time to transfer profits from retained earnings for appropriation purposes. As the
general reserve is created by a transfer from one component of equity to another and is not an item of other comprehensive income, items
included in General Reserve will not be reclassified subsequently to the Standalone Statement of Profit and Loss.

Retained earnings: The cumulative gain or loss arising from the operations which is retained by the Company is recognized and accumulated
under the heading of retained earnings. At the end of the year, the profit after tax is transferred from the Standalone Statement of Profit and
Loss to the Retained earnings.

FVOCI - equity instruments: The Company has elected to recognize changes in the fair value of investments in equity securities in other
comprehensive income. These changes are accumulated within the other equity and are non-recyclable to the Standalone Statement of Profit
and Loss.

NOTE - 141 (C): TRADE PAYABLES - SUPPLIER CREDIT ARRANGEMENT

The Company has established a supplier finance arrangement that is offered to some of the Company's key suppliers in India. Participation in
the arrangement is at the suppliers' own discretion. Suppliers that participate in the supplier finance arrangement will receive early payment
on invoices sent to the Company from the Company's external finance provider. If suppliers choose to receive early payment, they pay a fee
to the finance provider, to which the Company is not party. In order for the finance provider to pay the invoices, the goods must have been
received or supplied and the invoices approved by the Company. Payments to suppliers ahead of the invoice due date are processed by the
finance provider and, in all cases, the Company settles the original invoice by paying the finance provider in line with the original invoice
maturity date described above. Payment terms with suppliers have not been renegotiated in conjunction with the arrangement. The Company
provides no security to the finance provider and there is no change in the Company's original obligation towards the supplier.

Nature of CSR activitiesAll our CSR projects work towards holistic development of the individual and society as below:

- To facilitate an enabling environment for underprivileged children to access quality education and health care services.

- To enhance employability of the underprivileged youth through industry-relevant vocational trainings.

- To engage in socially relevant local projects at Bosch Limited locations for an impactful intervention.

To optimize impact of its CSR activities, Bosch focuses its support and CSR spends on specific pre-determined causes and areas of
interventions. The following CSR thrust areas of Bosch Limited are aimed to resolve specific social and community issues and enable the
beneficiaries of these programs to secure a better tomorrow:

- Vocational training focused on employable skills

- Health, hygiene and education

- Neighbourhood projects as per the local needs identified by Bosch plants/ offices.

NOTE - 28| EMPLOYEE RETIREMENT BENEFITS

Disclosure on Retirement Benefits as required in Indian Accounting Standard (Ind AS) 19 on “Employee Benefits” are given below:

(a) Post Employment Benefit - Defined Contribution Plans

The Company has recognized an amount of Mio INR 389 (2024-25: Mio INR 382) as expense under the defined contribution plans in the
Standalone Statement of Profit and Loss.

Each year, the Board of Trustees review the level of funding in the India gratuity plan. Such a review includes the asset-liability matching
strategy and investment risk management policy. The Board of Trustees ensure that the annual contributions are sufficiently made such
that no plan deficits (based on valuation performed) will arise.

(b) Post Employment Benefit - Defined Benefit Plans

The Company makes annual contributions to the Bosch Employees' Gratuity Fund and makes monthly contributions to Bosch Employees
(Bangalore) Provident Fund Trust and Bosch Workmen's (Nashik) Provident Fund Trust, funded defined benefit plans for qualifying
employees. The Gratuity Scheme provides for lumpsum payment to vested employees at retirement/ death while in employment or on
termination of employment of an amount equivalent to 15 days salary payable for each completed year of service or part thereof in excess
of six months. Vesting occurs only upon completion of five years of service, except in case of death or permanent disability. Gratuity is
payable to all eligible employees of the Company as per the provisions of the Payment of Gratuity Act, 1972.

The Provident Fund Scheme provides for lumpsum payment/ transfer to the member employees at retirement/ death while in employment
or on termination of employment of an amount equivalent to the credit standing in his account maintained by the Trusts. The present
value of the defined benefit obligation and the related current service cost are measured using the projected unit credit method with
actuarial valuation being carried out at each balance sheet date.

Notes:

(i) The discount rate is based on the prevailing market yield on Government Bonds as at the balance sheet date for the estimated term
of obligations.

(ii) The estimate of future salary increases considered in actuarial valuation takes into account inflation, seniority, promotion and other
relevant factors such as supply and demand in the employment market.

(m) Risk exposures

A large portion of assets consists of government and corporate bonds and rest of assets consists of mutual funds and special deposit

account in banks. Through its defined plans, the company is exposed to a number of risks, the most significant of which are detailed

below:

a. Discount rate risk : The defined benefit obligation calculated uses a discount rate based on government bonds. If bond yield falls,
the defined benefit obligation will tend to increase. Most of the plan asset investments is in fixed income government securities
with high grades and public sector corporate bonds. A small portion of the funds are invested in equity securities.

b. Salary inflation risk : Higher than expected increases in salary will increase the defined benefit obligation.

c. Demographic risk : This is the risk of variability of results due to unsystematic nature of decrements that include mortality,
withdrawal, disability and retirement. The effect of these decrements on the defined benefit obligation is not straight forward and
depends upon the combination of salary increase, discount rate and vesting criteria. It is important not to overstate withdrawals
because in the financial analysis the retirement benefit of a shorter career employee typically costs less per year as compared to a
long service employee.

d. Changes in bond yields: The overall expected rate of return on assets is determined based on the market prices prevailing on that
day, applicable to the period over which the obligation is to be settled. The change in expected rate of return on asset and discount
rate is due to change in market scenarios. Although this will be partially offset by an increase in the value of the plans bond holdings.

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices. This includes listed equity instruments, tax free
bonds and mutual funds that have quoted price. The fair value of all equity instruments which are traded in the stock exchanges is valued
using the closing price as at the reporting period. The mutual funds are valued using the closing NAV.

Level 2: The fair value of financial instruments that are not traded in an active market (for market, traded bonds, over-the-counter
derivatives) is determined using valuation techniques which maximize the use of observable market data and rely as little as possible on
entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in level 2.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in Level 3.

** Equity instruments designated at fair value through OCI include investments in equity shares of non-listed companies. The Company
holds non-controlling interests (between 2% to 9%) in these companies. These investments were irrevocably designated at fair value
through OCI as the Company considers these investments to be strategic in nature.

Note: There have been no transfers between Level 1 and Level 2 during the year ended March 31,2026 and during the year ended March
31,2025.

(ii) Valuation technique used to determine fair value

Specific valuation techniques used to value financial instruments include:

- the fair value of forward foreign exchange contracts is determined using forward exchange rates at the balance sheet date

- the fair value of remaining financial instruments is determined using the discounted cash flow analysis

(iii) Valuation process

The finance and accounts department of the Company performs the valuation of financial assets and liabilities required for financial
reporting purposes, and report to the Executive Director (ED). Discussions on valuation processes and results are held between the ED
and valuation team at least once every three months, in line with the Company's quarterly reporting periods.

The main level 3 inputs are derived and evaluated as follows:

a) Discount rate for loans to employees are determined using prevailing bank lending rate.

b) The fair values of financial assets and liabilities are determined using the discounted cash flow analysis.

The Company's activities expose it to market risk, liquidity risk and credit risk. In order to minimize any adverse effects on the financial
performance of the Company, derivative financial instruments, such as foreign exchange forward contracts and foreign currency option
contracts are entered into by the Company to hedge certain foreign currency exposure. Derivatives are used exclusively for hedging and not as
trading or speculative instruments.

(A) Credit Risk

Credit risk arises from cash and cash equivalents, instruments carried at amortized cost and deposits with banks, as well as credit
exposures to customers including outstanding receivables.

(i) Credit risk management

Credit risk on cash and cash equivalents is limited as the Company generally invests in deposits with banks which have high credit
ratings assigned by external agencies. Investments primarily include investment in debt based mutual funds whose portfolios have
instruments with high credit rating and government bonds. The Board of Directors periodically review the investment portfolio
of the Company. Credit risk on loans given to fellow subsidiaries is guaranteed by the Ultimate Holding Company. Credit risk
with respect to trade receivable is managed by the Company through setting up credit limits for customers and also periodically
reviewing the credit worthiness of major customers.

Expected credit loss for trade receivables under simplified approach

(B) Liquidity risk

Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding through
an adequate amount of internal financing by way of daily cash flow projection to meet obligations when due and to close out market
positions. Due to the dynamic nature of the underlying businesses, company treasury maintains flexibility in funding by maintaining
availability of funds.

Management monitors daily and monthly rolling forecasts of the Company's liquidity position and cash and cash equivalents on the basis
of expected cash flows. This is generally carried in accordance with standard guidelines. The company has liquidity reserves in the form
of highly liquid assets like cash and cash equivalents, debt based mutual funds, deposit accounts, etc.

(i) Financing arrangements: The Company does not have borrowings as at March 31, 2026 and March 31, 2025. The Company has

i inrlratA/n hnrmtA/ino fanilitioc nf Min IMR RAH ac at Marnh fMarnh OHOR. Min IMR C'r

(C) Market risk

(i) Foreign currency risk

The Company is exposed to foreign exchange risk arising from foreign currency transactions, primarily with respect to USD and
EUR. Foreign exchange risk arizes from future commercial transactions and recognized assets and liabilities denominated in a
currency that is not the company's functional currency (INR). The risk is measured through a forecast of highly probable foreign
currency cash flows. The objective of the hedges is to minimize the volatility of the INR cash flows of highly probable forecast
transaction.

The Company imports and exports goods and services which are predominantly denominated in USD and EUR. This exposes the
Company to foreign currency risk. To minimize this risk, the Company hedges using forward contracts and foreign currency option
contracts on a net exposure basis.

The Company derives revenues primarily from sale of goods and sale of services.

The Company recognizes revenue under the core principle to depict the transfer of control to the Company's customers in an amount reflecting
the consideration the Company expects to be entitled.

Product revenues consist of sales to original equipment manufacturers (OEMs). The Company considers customer purchase orders, which in
some cases are governed by master sales agreements, to be the contracts with a customer. In situations where sales are to a distributor, the
Company has concluded that its contract is with the distributor as the Company holds contract bearing enforceable rights and obligations
only with the distributor. As part of its consideration of the contract, the Company evaluates certain factors including the customer's ability to
pay (or credit risk). For each contract, the Company considers the promise to transfer products, each of which is distinct, to be the identified
performance obligations.

Revenue from sales to distributors is recognized upon the transfer of control to the distributor. Discounts and sales incentives that are payable
to distributors are netted-off with revenue.

In determining the transaction price, the Company evaluates whether the price is subject to refund or adjustment to determine the net
consideration to which the Company expects to be entitled. Revenue is recognized when control of the product is transferred to the customer
(i.e., when the Company's performance obligation is satisfied). Further, in determining whether control has transferred, the Company
considers if there is a present right to payment and legal title, along with risks and rewards of ownership been transferred to the customer.

(a) Description of segments and principal activities

The Company has its presence across automotive technology, industrial technology, consumer goods and energy and building
technology. The Company has bifurcated its operations into “Automotive Products”, “Consumer Goods” and “Others” segment. The
Company's operations in the automotive business consists of diesel systems, gasoline systems and automotive aftermarket products
and services and are aggregated into one reportable segment as 'Automotive Products' in accordance with the aggregation criteria.
Aggregation is done due to the similarities of the products and services provided to the customers, similar production processes and
similarities in the regulatory environment. The Company's “Consumer Goods” segment predominantly consists of trading activities in
power tools and consumables. The Company also operates in other businesses consisting of industrial technology, building technology
products and services which do not meet the threshold criteria for reporting as separate segments. Therefore, the reportable segment
consists of “Automotive Products”, “Consumer Goods” and “Others”. The Company's Management team is the Chief Operating Decision
Maker (CODM) and it monitors the operating results of its business units separately for the purpose of making decisions about resource
allocation and performance assessment. Segment performance is evaluated based on profit or loss and is measured consistently with
profit or loss in the financial statements.

Revenue by geographical areas is stated on the basis of origin and there are no non-current assets located outside India.

The accounting principles and policies adopted in the preparation of the standalone financial statements are also consistently applied
to record income/ expenditure and assets/ liabilities in individual segments.

The inter-segment revenue have been accounted for based on the transaction price agreed to between segments which is primarily
market based.

The Company has entered into various lease contracts for building premises used in its operations, which have lease term ranging from 2 years
to 4 years. There are several lease contracts that include extension and termination options. The Company applies judgement in evaluating
whether it is reasonably certain whether or not to exercise the option to renew or terminate the lease. That is, it considers all relevant factors
that create an economic incentive for it to exercise either the renewal or termination. After the commencement date, the Company reassesses
the lease term if there is a significant event or change in circumstances that is within its control and affects its ability to exercise or not to
exercise the option to renew or to terminate (e.g., construction of significant leasehold improvements or significant customisation to the
leased asset).

NOTE - 40 EXCEPTIONAL ITEMS

1) On January 28, 2025, the Board of Directors of the Company approved to execute the Business Transfer Agreement with Keenfinity
India Private Limited (“the Purchaser”) for transfer of its “Video solutions, Access and Intrusions and Communication systems”
Business (Specified Business) for a consideration of Mio INR 5,950 (excluding purchase price adjustment). The transfer of business
was completed on May 01, 2025 and accordingly, the Company has recognized a total gain on sale of the said Specified Business in the
financial statements amounting to Mio INR 5,560 and the same has been disclosed as “exceptional item” in these standalone financial
statements.

The specified business did not qualify as a separate major line of business under IND AS 105 : Non current Assets held for sale and
discontinued operations and accordingly was not considered as a “discontinued operation” for the purpose of these standalone financial
statements.

2) Pursuant to the approval of the Board of Directors of the Company on May 24, 2024, the Company entered into a Business Transfer
Agreement dated June 05, 2024 with ETAS Automotive India Private Limited (“the Purchaser”) for transfer of its “OE/OES Diagnosis”
Business (Specified Business) for a consideration of Mio INR 456. The transfer of business was completed on July 01, 2024 and
accordingly, the Company has recognized a total gain on sale of the said Specified Business in the financial statements amounting to Mio
INR 485 and the same has been disclosed as “exceptional item” in these standalone financial statements.

The Specified Business did not qualify as a separate major line of Business under “IND AS 105 - Non Current Assets held for Sale and
Discontinued Operations” and accordingly was not considered as a “discontinued operation” for the purpose of these standalone
financial statements.

3) The Company is in the process of restructuring its operations in order to be competitive in the mobility business. Towards this, an
amount of Mio INR 471 has been provided in the standalone financial statements for the respective period and has been disclosed as an
“exceptional item”.

(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 transactions with companies struck off.

(iii) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

(iv) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

(v) 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:

(a) 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

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

(vi) The Company has not received any fund 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:

(a) 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

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries,

(vii) The Company does not have any such 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)

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

(ix) The Company has complied with the relevant provisions of the Foreign Exchange Management Act, 1999 (42 of 1999) and the Companies
Act, 2013 for the above transactions and the transactions are not violative of the Prevention of Money-Laundering Act, 2002 (15 of 2003)

(x) The Company has not been declared as wilful defaulter by any bank or financial institution or other lender.

NOTE - 431 SUBSEQUENT EVENTS

The Company evaluated all events or transactions that occurred after March 31, 2026 up through May 20, 2026, the date the standalone
financial statements were approved for issue by the Board of Directors. Based on this evaluation, the Company is not aware of any events or
transactions that would require recognition or disclosure in the standalone financial statements.

NOTE - 441 AUDIT TRAIL

The Company has used accounting software (viz. SAP) for maintaining its books of account which has a feature of recording audit trail (edit log)
facility and the same has operated throughout the year for all relevant transactions recorded in the software. Further, there are no instances of
audit trail feature being disabled at any time during the year. Additionally, the audit trail of prior year has been preserved as per the statutory
requirements for record retention.

NOTE - 45 PHYSICAL SERVER OF BOOKS OF ACCOUNTS INCLUDING AUDIT TRAIL

As per the MCA notification dated August 05, 2022, the Central Government has notified the Companies (Accounts) Fourth Amendment
Rules, 2022. As per the amended rules, the Companies are required to maintain back-up of the books of account and other relevant books
and papers in electronic mode that should be accessible in India at all times. Also, the Companies are required to maintain such back-up of
accounts on servers which are physically located in India, on a daily basis.

The books of account along with other relevant records and papers of the Company are currently maintained in electronic mode. The back-up
of books of account are kept in servers physically located in Chennai, India on a daily basis.

NOTE - 46 THE CODE ON SOCIAL SECURITY, 2020 (‘CODE’)

On November 21, 2025, the Government of India notified provisions of 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, ('Labor Codes') which consolidate
twenty-nine existing labor laws into a unified framework governing employee benefits during employment and post employment. The Labor
Codes, amongst other things introduces changes, including a uniform definition of wages and enhanced employee benefits. The Company
has assessed and disclosed the incremental impact of these changes on the basis of legal opinion obtained and consistent with the guidance
provided by the Institute of Chartered Accountants of India and included impact amounting to Mio INR 206 under “employee benefits expense”
in these standalone financial statements for the year ended March 31,2026. The Company continues to monitor the developments pertaining
to Labor Codes and will evaluate impact, if any, on the measurement of liability pertaining to employee benefits as and when develpments
arise.

NOTE - 471 NOTE ON IDENTIFIED MISAPPROPRIATION OF FUNDS

The management of the Company noted that certain employees of the Company had misappropriated funds in collusion with certain vendors
during the current year and earlier years for an amount aggregating to Rs 16 million, basis the Company's best estimates. Such amounts have
been expensed off during the respective years. The Company has completed its investigation and is evaluating the options for recovery of the
said amount from the concerned parties.

NOTE - 48| EXTENDED PRODUCER RESPONSIBILITY (EPR)

The Extended Producer Responsibility (EPR) obligations have been imposed on the Company being producer of Battery, E-Waste, Used Oil
and brand owner & Importer of Plastic. The EPR obligations require the Company to re-cycle the content generated in the production process
in the plant, as per thresholds prescribed in the rules for products sold in the domestic market including self-use. The Rules require the
Company to meet its obligations for the past years from the date of EPR registration. Considering this, the Company has provided for product
recycling obligation of all products sold till the reporting date. Given below is the movement of the EPR obligation during the year:

NOTE - 49 PROPOSED ACQUISITION OF FELLOW SUBSIDIARY

On April 8, 2026, pursuant to the approval of the Board of Directors, the Company has entered into Share Purchase Agreement for 100%
acquisition of Bosch Chassis Systems India Private Limited (“RBIC'), a fellow subsidiary, for a total consideration not exceeding Mio INR
90,686.80, subject to the approval of the shareholders and necessary regulatory approvals. Subsequently, on May 8, 2026, the Company
obtained the approval of the shareholders. The Company will be completing the acquisition by July 2026.

NOTE - 50 STANDARDS ISSUED BUT NOT EFFECTIVE

The new and amended standards that are notified by the Ministry of Corporate Affairs (MCA), but not yet effective, up to the date of issuance
of the Company's financial statements are disclosed below. The Company will adopt these amendments to the standards, when they become
effective.

(i) Amendments to Ind AS 1 - Classification of Liabilities as Current or Non-current and Non-current Liabilities with Covenants

In accordance with Ind AS 1 currently applicable, breach of an immaterial covenant is ignored in deciding current vs. non-current
classification of liabilities. Also, in case of breach of a material covenant of a non-current loan on or before the reporting date, the entity
can obtain waiver from the lender after the reporting date and continue to classify the loan as non-current liability.

In accordance with changes to Ind AS 1 already notified by the MCA, the above relaxations to classify loan as non-current liability will not
be available from FY 2026-27 onward and need to be applied retrospectively. Consequently:

• A breach of either material or immaterial covenant will trigger current classification of liability.

• To continue classifying loan as non-current liability, entities will need to obtain waiver from the breach on or before the reporting
date.

The Company is currently assessing the impact the amendments will have on its financial statements.

NOTE - 511 ROUNDING OFF

The standalone financial statements are presented in Mio INR. All items below INR 5 lakhs has been rounded down to '0' to the nearest Million
(mio INR).