Provisions are recognised when the Company has a present
obligation (legal or constructive) as a result of a past event,
it is probable that the Company 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. When a
provision is measured using the cash flows estimated to settle
the present obligation, its carrying amount is the present
value of those cash flows (when the effect of the time value
of money is material).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.

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

1B.18 Financial instruments

Financial assets and financial liabilities are recognised when
the Company becomes a party to the contractual provisions
of the instruments.

Financial assets (excluding trade receivables which do not
contain a significant financing component include deposits,
interest receivables, insurance claims and advances to
employees) and financial liabilities are initially measured at
fair value. Transaction costs that are directly attributable to the

acquisition or issue of financial assets and financial liabilities
(other than financial assets and financial liabilities at fair
value through profit or loss) are added to or deducted from
the fair value of the financial assets or financial liabilities, as
appropriate, on initial recognition. Transaction costs directly
attributable to the acquisition of financial assets or financial
liabilities at fair value through profit or loss are recognised
immediately in statement of profit and loss.

1B.19 Offsetting financial instruments

Financial assets and liabilities are offset and the net amount
reported in the balance sheet, where there is a legally
enforcable right to offset the recognised amounts and there
is intention to settle on net basis or realise the assets and
liabilities simultaneously.The legally enforcable right must
not be contingent on future events and must be enforcable
in the normal course of business and in the event of default,
insolvency or bankruptcy of the Company or the counterparty.

1B.20 Cash flow statement

Cash flows are reported using the indirect method, whereby
profit / (loss) before tax is adjusted for the effects of
transactions of non-cash nature and any deferrals or accruals
of past or future cash receipts or payments. The cash flows
from operating, investing and financing activities of the
Company are segregated based on the available information.

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, and bank overdrafts. Bank overdrafts are shown within
borrowings in current liabilities in the balance sheet.

1B.21 Contributed equity

Equity shares are classified as equity. Incremental costs directly
attributable to the issue of new shares or options are shown in
equity as deduction, net of tax, from the proceeds.

1B.22 Dividend

Provision is made for the amount of any dividend declared,
being appropriately authorised and no longer at the discretion
of the entity, on or before the end of the reporting period but
not distributed at the end of the reporting period.

These amounts represent liabilities for goods and services
provided to the Company prior to the end of the financial
year which are unpaid. The amounts are unsecured. Trade
and other payables are presented as current liabilities unless
payment is not due within 12 months after the reporting
period. They are recognised initially at their fair value and
subsequently measured at amortised cost using the effective
interest method.

1B.24 Inventory

Cost of raw materials and traded goods comprises cost of
purchases after deducting rebates and discounts. Cost of work-
in-progress and finished goods comprises direct materials,
direct labour and an appropriate proportion of variable and
fixed overhead expenditure, the latter being allocated on the
basis of normal operating capacity. Cost of inventories also
include all other costs incurred in bringing the inventories
to their present location and condition. Net realizable value
represents the estimated selling price in the ordinary course
of business, less all estimated costs of completion and costs
necessary to make the sale.

1B.25 Non-current assets (or disposal groups) held for
sale and discontinued operations

Non-current assets (or disposal groups) are classified as held
for sale if their carrying amount will be recovered principally
through a sale transaction rather than through continuing use
and a sale is considered highly probable. They are measured at
the lower of their carrying amount and fair value less costs to
sell, except for assets such as deferred tax assets, assets arising
from employee benefits, financial assets and contractual rights
under insurance contracts, which are specifically exempt from
this requirement.

An impairment loss is recognised for any initial or subsequent
write-down of the asset (or disposal group) to fair value
less costs to sell. A gain is recognised for any subsequent
increases in fair value less costs to sell of an asset (or disposal
group), but not in excess of any cumulative impairment loss
previously recognised.

A gain or loss not previously recognised by the date of the sale
of the non-current asset (or disposal group) is recognised at
the date of de-recognition.

Non-current assets (including those that are part of a
disposal group) are not depreciated or amortised while they
are classified as held for sale. Interest and other expenses
attributable to the liabilities of a disposal group classified as
held for sale continue to be recognised.

Non-current assets classified as held for sale and the assets
of a disposal group classified as held for sale are presented
separately from the other assets in the balance sheet. The
liabilities of a disposal group classified as held for sale are
presented separately from other liabilities in the balance sheet.

A discontinued operation is a component of the entity that
has been disposed of or is classified as held for sale and that
represents a separate major line of business or geographical
area of operations, is part of a single co-ordinated plan to
dispose of such a line of business or area of operations, or is
a subsidiary acquired exclusively with a view to resale. The
results of discontinued operations are presented separately in
the statement of profit and loss.

The entity shall measure a non-current asset that ceases to be
classified as held for sale at the lower of its carrying amount
before the asset was classified as held for sale, adjusted for
any depreciation, amortisation or revaluations that would
have been recognised had the asset not been classified as
held for sale, and its recoverable amount at the date of the
subsequent decision not to sell.

1B.26 Exceptional Items

The Company considers factors including materiality, the
nature and function of the items of income and expense in

determining exceptional item and discloses the same in note
33 to the standalone financial statements.

1B.27 Other income

a) Dividend income from investments is recognised when the
shareholder's right to receive payment has been established.

b) Interest income from a financial asset is recognised and
accrued using effective interest rate method.

c) Insurance claims are accounted for on the basis of claims
admitted / expected to be admitted and to the extent that
the amount recoverable can be measured reliably and it is
reasonable to expect ultimate collection.

d) Export incentives are treated as income in the year of export
at the estimated realisable value.

e) Commissions are accounted as per the terms of the contract
and to the extent that the amounts recoverable can be
measured reliably and reasonable to expect ultimate collection.

f) Business support service and other ancillary services set forth
in the contracts. Revenue from rendering of services are
recognised over a period of time by reference to the stage
of completion as the customer simultaneously receives
and consumes the benefit provided by the Company's
performance as the Company performs.

1B.28 Rounding off amounts

All amounts disclosed in the financial statements and notes
have been rounded off as per the requirement of Schedule III,
unless otherwise stated.

Note 2 (Contd.)

Notes:

1. Details of assets offered as security provided in Note 18 and 19.

2. Includes Building on leasehold land: Cost: H 1,860 lakhs (March 31,2025 - H 1,870 lakhs ) and accumulated depreciation: H 777 lakhs
(March 31,2025 - H 633 lakhs).

3. Capital work in progress primarily represents building, plant and equipment related work.

4. Refer Note 52 for contractual commitments for acquisition of property, plant and equipment.

5. Due to insufficient feed stock availability in Tamil Nadu and Andhra Pradesh, an impairment assessment was performed by the
management. Accordingly, an impairment charge of H 13,769 Lakhs was recognised during the quarter and year ended March 31,
2026 on property, plant and equipment with respect to three Cash Generating Units (CGUs) (refer also to Note 33).

6. The title deeds of all the immovable properties (other than properties where the Company is the lessee and the lease agreements are
duly executed in favor of the lessee), are held in the name of the Company, except for the following:

The Company had carried out Name change/various merger/amalgamations across various years. Pursuant to these actions, the
Company holds certain immovable properties wherein the title of the property has been conveyed/transferred to the Company
pursuant to such scheme of amalgamation/arrangement and these are considered as valid title to the immovable property and no
further actions such as name change/additional registrations are necessary.

Immovable properties of land and buildings whose title deeds have been pledged as security for loans, guarantees, etc. are held
in the name of the Company as per the Memorandum of Entry executed by the Company and confirmed by the banker as on the
balance sheet date.

Note 19 - Short term borrowings (Contd.)

obtained from Yes Bank, H 12,200 lakhs (2025- H 3,000 Lakhs ) WCDL obtained from HDFC bank, H 9,800 lakhs (2025- H 5,000 lakhs )
WCDL obtained from South Indian Bank, H 4,000 lakhs (2025- H 4,330 lakhs) WCDL obtained from Standard Chartered Bank, H Nil lakhs
(2025- H 20,000 lakhs ) WCDL obtained from EXIM Bank, H 8,650 Lakhs (2025- Nil) WCDL obtained from Axis Bank, H 13,200 Lakhs (2025-
Nil) WCDL obtained from Kotak Mahindra Bank.

SBI WCDL are secured by way of hypothecation of stock, receivables, entire current assets of the Company and second charge on
residual moveable fixed assets of the Company including plant and machinery.

b. Purchase tax deferment loan H 350 lakhs (2025: H 350 lakhs).

c. The above outstanding borrowings carry varying rates of interest with the maximum rate of interest going upto 8.69% p.a.

d. Supplier finance arrangements

Amounts represents unsecured purchase and service bill discounting from banks registered under Receivable Exchange of India
Limited (RXIL) portal for Micro and Small Enterprises vendors. The interest rates ranges from 5.90 % to 8.14 % p.a. (2025- 6.80% to 6.95%).
Supplier finance arrangements are characterised by one or more finance providers offering to pay amounts that an entity owes its
suppliers and the entity agreeing to pay according to the terms and conditions of the arrangements at the same date as, or a date later
than, when suppliers are paid. These arrangements provide the entity with extended payment terms, or the entity's suppliers with early
payment terms, compared to the related invoice payment due date.

The company has entered into a reverse factoring arrangement for its trade payables to micro, small and medium enterprises (MSME
suppliers or "sellers"). For this purpose, the company, as "buyer," has executed a master agreement with Receivables Exchange of
India Limited (the "Exchange") for supplier financing. The Exchange operates the platform under the brand name "RXIL." It acts as
an intermediary that connects the buyer, the seller, and participating financiers on a common platform for the factoring or reverse
factoring of invoices. The company initiates each transaction by uploading the payable invoice and relevant supporting documents

Note 19 - Short term borrowings (Contd.)

on the Invoicepay portal, where financiers (banks and other financial institutions) bid to provide financing. The primary objective of
this facility is to ensure MSME suppliers are paid by their statutory due dates while enhancing the company's working capital position
through access to financing.

Key terms and conditions of the arrangements are:

a) The Company decides which invoices will be financed

b) The financier pays the MSME supplier within the credit period agreed by the company with the supplier.

c) The Company pays the financier on or before 180^th day from the invoice.

Notes:

1) a) During the year ended March 31, 2026, the Board of Directors of the Company and its wholly owned subsidiary, Parry Sugars

Refinery India Private Limited ("PSRIPL"), approved the closure of operations of PSRIPL's sugar refinery unit with effect from the
close of working hours on March 31, 2026. The subsidiary was engaged in the business of refining raw sugar and exporting
refined sugar. Over a sustained period, the operations were adversely impacted by changes in global market conditions, higher
operating costs, operational disruptions etc. Despite various initiatives undertaken to improve operational performance and
financial viability, the business continued to incur losses and was assessed to be unviable. Accordingly, after evaluating all
strategic options, the Board of directors of PSRIPL concluded that closure of the operations was in the best long term interest of
the Company and its stakeholders.

Pursuant to the above decision, the Company has assessed the financial implications arising from the closure of operations of
PSRIPL and has recognised appropriate liabilities and impairment charge in its books, in line with applicable Indian Accounting
Standards as under: Impairment loss of H 40,060 lakhs for the year ended March 31, 2026 ( H 42,715 Lakhs for the year ended
March 31,2025).

b) The Company had previously provided various guarantees and letters to the lenders of PSRIPL. Pursuant to the decision of the
Board of Directors of the Company and PSRIPL dated March 31,2026, discussions with the lenders and the disclosures made to
the stock exchanges, the Company has reassessed and remeasured its financial guarantee obligations considering that PSRIPL
is not expected to have adequate financial resources to settle its borrowings, after taking into account the estimated realisable
value of its assets. Accordingly, the Company has recognised a provision towards financial guarantee obligations amounting to
H 59,132 lakhs for the year-ended March 31, 2026 (March 31, 2025 - Nil). Subsequent to the year end, the Company has infused
equity of H 61,000 lakhs (being 610,000,000 equity shares of INR 10 each, fully paid up) to PSRIPL for meeting the aforesaid
obligations. The Company has committed to provide additional financial support in the form of loan up to H 13,000 Lakhs to
enable PSRIPL to meet obligations arising from the closure of operation to tide over timing differences.

2) Represents the reversal of impairment in Alimtec SA (Subsidiary) - liquidated with effect from September 23, 2025 amounting to H 116
Lakhs and reversal of impairment in Algavista Greentech Private Limited (Joint Venture till October 31,2025) amounting to H 105 Lakhs.

3) During the year ended March 31,2026, the Company sold 1,500,000 equity shares of Coromandel International Limited (subsidiary of
the Company), representing 0.51% of its equity stake, pursuant to the Board Meeting held on February 12, 2026. The shares were sold
at a price of H 1,991 per share, aggregating to H 29,865 lakhs resulting in a gain of H 29,764 lakhs.

4) Based on impairment assessment performed by the management, an impairment loss was recognised during the year ended March
31,2026 on property, plant and equipment with respect to three Cash Generating Unit (CGU's) due to insufficient feed stock availability
in Tamil Nadu and Andhra Pradhesh. Recoverable amount of the CGU's has been assessed as higher of fair value less costs of disposal
or its value in use. Fair value less costs of disposal was determined to be the recoverable value which was assesed by an independent
valuer using relevant valuation techniques (Level 3 of the fair value hierarchy) such as sales comparison method for Land, cost approach
for buildings and structures, depreciated replacement cost for plant and machinery. Key assumption used are salvage value, useful life
and obsolescence value. Following are the details for impairment loss in the table below:

Note 34 - Expenditure incurred for Corporate Social Responsibility (CSR)

The Company has been carrying out CSR activities for a long time through AMM Foundation (AMM) while also extending CSR activities to
the local communities in and around its factories located in the States of Tamil Nadu, Andhra Pradesh and Karnataka. The Company had
identified the following broad program areas with focus on quality service delivery and empowerment: Providing basic health care facilities
to economically backward societies across geographical areas, Improving access to education, Provision of Skill Development/Vocational
Training, Rural Development, Environmental Sustainability, Promoting Sports, Arts and Culture and Sustainable livelihood.

Note 43 - Consequent to a whistle-blower complaint at one of the Company's plants, the Company carried out a detailed assessment and
review of the matter. Based on this assessment, certain accounting irregularities were identified, and appropriate adjustments were made
in the books of account, which were not material to the financial statements. The review concluded that instances amounting to fraud, as
defined under Section 447 of the Companies Act, 2013, had occurred. Accordingly, the statutory auditors have also identified and reported
the matter. In compliance with the provisions of sub-section (12) of Section 143 of the Companies Act, 2013, the statutory auditors have
filed a report in Form ADT-4, as prescribed under Rule 13 of the Companies (Audit and Auditors) Rules, 2014, with the Central Government.

Note 46 - Segment Information

Information reported to the chief operating decision maker (CODM) for the purposes of resource allocation and assessment of segment
performance focuses on the types of goods or services delivered or provided, and in respect of the following segments tabulated below. The
directors of the Company have chosen to organise the Company around differences in products and services. Specifically the Company's
reportable segments under Ind AS 108 are as follows.

Revenue and expenses directly attributable to segments are reported under each reportable segment. Other expenses and income which
are not attributable or allocable to segments have been disclosed as net unallocable expenses/income.

Assets and liabilities that are directly attributable or allocable to segments are disclosed under each reportable segment. All other assets and
liabilities are disclosed as unallocable. Property, plant and equipment that are used interchangeably among segments are not allocated to
reportable segments.

Operating segments represent the products also and therefore separate disclosure of revenue from major products is not made.

There are no sales to any individual customers greater than 10% of total sales.

Inter segment Transfer Pricing:

Transfer prices between operating segments are on arm's length basis in a manner similar to transactions with third parties.

Note 47 - Employee benefit plans

A. Defined contribution plans

The Company makes Provident Fund, Superannuation Fund and Employee State Insurance Scheme contributions which are defined
contribution plans, for qualifying employees. Under the Schemes, the Company is required to contribute a specified percentage of the
payroll costs to fund the benefits. The Company recognised H 548 lakhs (year ended March 31,2025 - H 594 lakhs) for Provident Fund
contributions, H 299 lakhs (year ended March 31,2025 - H 365 lakhs) for Superannuation Fund contributions and H 1 lakhs (year ended
March 31,2025 - H 1 lakhs) for Employee State Insurance Scheme contributions in the Statement of Profit and Loss. The contributions
payable to these plans by the Company are at rates specified in the rules of the schemes.

B. Defined benefit plans:

Gratuity -

In respect of Gratuity plan, the most recent actuarial valuation of the plan assets and the present value of the defined benefit obligation
were carried out as at March 31,2026 by Universal Actuaries and Benefit Consultants. The present value of the defined benefit obligation,
and the related current service cost and past service cost, were measured using the projected unit credit method. The following table
sets forth the status of the Gratuity Plan of the Company and the amount recognized in the Balance Sheet and Statement of Profit and
Loss. The Company provides the gratuity benefit through annual contributions to a fund managed by the Life Insurance Corporation
of India (LIC) and ICICI.

The Company is exposed to various risks in providing the above gratuity benefit which are as follows:

Interest Rate risk: The plan exposes the Company to the risk of fall in interest rates. A fall in interest rates will result in an increase
in the ultimate cost of providing the above benefit and will thus result in an increase in the value of the liability (as shown in
financial statements).

Investment Risk: The probability or likelihood of occurrence of losses relative to the expected return on any particular investment.

Salary Escalation Risk: The present value of the defined benefit plan is calculated with the assumption of salary increase rate of plan
participants in future. Deviation in the rate of increase of salary in future for plan participants from the rate of increase in salary used to
determine the present value of obligation will have a bearing on the plan's liability.

Demographic Risk: The Company has used certain mortality and attrition assumptions in valuation of the liability. The Company is
exposed to the risk of actual experience turning out to be worse compared to the assumption.

The Company operates a defined benefit gratuity plan for its employees in India in accordance with the Payment of Gratuity Act, 1972.
The new Labour Codes introduced by the Government of India, inter alia, require gratuity to be calculated based on wages constituting
at least 50% of total remuneration. This has resulted in an increase in gratuity benefits in respect of services rendered in prior periods,
and accordingly, the Company has recognised past service cost amounting to H 124 Lakhs during the year. In accordance with Ind
AS 19, the past service cost has been recognised in the statement of profit and loss in the current year in which the plan amendment
became effective.

Note 47 - Employee benefit plans (Contd.)

Significant actuarial assumptions for the determination of the defined benefit obligation are discount rate, attrition rate and expected
salary increase. The sensitivity analysis below have been determined based on reasonably possible changes of the assumptions occurring
at the end of the reporting period, while holding all other assumptions constant. The results of sensitivity analysis is given below:

Please note that the sensitivity analysis presented above may not be representative of the actual change in the defined benefit obligation
as it is unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions may be correlated.

Furthermore, in presenting the above sensitivity analysis, the present value of the defined benefit obligation has been calculated using
the projected unit credit method at the end of the reporting period, which is the same as that applied in calculating the defined benefit
obligation liability recognised in the balance sheet.

There was no change in the methods of assumptions used in preparing the sensitivity analysis from prior years.

Positive represents increase and negative represents decrease in obligation.

The Company has purchased insurance policy, which is basically a year-on-year cash accumulation plan in which the interest rate is
declared on yearly basis and is guaranteed for a period of one year. The Insurance Company, as part of the policy rules, makes payment
of all gratuity outgoes happening during the year (subject to sufficiency of funds under the policy). The policy, thus, mitigates the
liquidity risk. However, being a cash accumulation plan, the duration of assets is shorter compared to the duration of liabilities. Thus, the
Company is exposed to movement in interest rate (in particular, the significant fall in interest rates, which should result in an increase
in liability without corresponding increase in the asset).

The Company's best estimate of the contribution expected to be paid to the plan during the next year is H 500 lakhs (March 31,2025
- H 364 lakhs).

Average duration of the Defined Benefit Obligation (Gratuity) is 5.27 years (March 31,2025 - 7.24 years).

C. Note on Provident Fund:

With respect to employees, who are covered under Provident Fund Trust administered by the Company, the Company shall make good
deficiency, if any in the interest rate declared by Trust over statutory limit. Having regards to the assets of the fund and the return on
the investments, the Company does not expect any deficiency in the foreseeable future. The Company contributed H 438 lakhs (year
ended March 31,2025 - H 446 lakhs) for provident fund contributions to the trust.

Note 49 - Financial instruments

49.1 Capital management

The Company's capital management is intended to safeguard their ability to continue as a going concern and maximise the return to
shareholders for meeting the long-term and short-term goals of the Company through the optimization of the debt and equity balance.

The Company determines the amount of capital required on the basis of annual and long-term operating plans and strategic
investment plans. The funding requirements are met through equity and long-term/short-term borrowings. The Company monitors
the capital structure on the basis of net debt to equity ratio and maturity profile of the overall debt portfolio of the Company.

For the purpose of capital management, capital includes issued equity capital, securities premium and all other reserves attributable
to the equity shareholders of the Company. Net debt includes all long and short-term borrowings (including current maturities of long
term debt) as reduced by cash and cash equivalents.

49. Financialinstruments (Contd.)

49.4 Market risk

The Company's financial instruments are exposed to market rate changes. The Company is exposed to the following
significant market risks:

• Foreign currency risk

• Interest rate risk

• Other price risk

Market risk exposures are measured using sensitivity analysis. There has been no change to the Company's exposure to market risks or
the manner in which these risks are being managed and measured.

49.4.1 Foreign currency risk management

The Company is exposed to foreign exchange risk on account of exports and imports.

The Company has a forex policy in place whose objective is to reduce foreign exchange risk by deploying the appropriate hedging
strategies (forward covers and options) and also by maintaining reasonable open exposures within approved parameters depending
on the future outlook on currencies.

Note 49 - Financial instruments (Contd.)

c. Foreign currency sensitivity analysis

The Company is mainly exposed to fluctuations in US Dollar. The following table details the Company's sensitivity to a 10% increase
and decrease against the US Dollar on the outstanding balance. 10% is the sensitivity used when reporting foreign currency risk
internally to key management personnel and represents management's assessment of the reasonably possible change in foreign
exchange rates. The sensitivity analysis includes only net outstanding foreign currency denominated monetary items and adjusts
their translation at the period end for a 10% change in foreign currency rates. A positive number below indicates an increase in
profit or equity where the Rupee strengthens by 10% against the US Dollar. For a 10% weakening against the US Dollar, there
would be a comparable impact on the profit or equity.

In management's opinion the sensitivity analysis is unrepresentative of the inherent foreign exchange risk because the exposure
at the end of reporting period does not reflect the exposure during the year.

49.4.2 Interest rate risk management

The Company issues commercial papers, draws working capital demand loans, cash credit etc. for meeting its funding requirements.

Interest rates on these borrowings are exposed to change in respective benchmark rates. The Company manages the interest rate risk
by maintaining appropriate mix/portfolio of the borrowings.

a. Interest rate sensitivity analysis

The sensitivity analysis below has been determined for borrowings assuming the amount of borrowings outstanding at the end
of the reporting period was outstanding for the whole year. A 50 basis points increase or decrease in case of rupee borrowings is
used when reporting interest rate risk internally to key management personnel and represents management's assessment of the
reasonably possible change in interest rates.

Changes in interest rates by 50 basis from March 31,2026, in case of rupee borrowings and all other variables were held constant,
will impact the net annual interest expense on floating rate borrowing would by approximately H 59 lakhs (March 31, 2025
- H 77 lakhs).

49.4.3 Other price risks

The Company is exposed to equity price risks arising from equity investments. Certain of the Company's equity investments are held
for strategic rather than trading purposes. The Company also holds certain other equity investments for trading purposes.

a. Equity price sensitivity analysis

The sensitivity analysis below have been determined based on the exposure to equity price risks at the end of the reporting period.

If equity prices had been 1% higher/lower other comprehensive income/equity for the year ended March 31, 2026 would
increase/ decrease by H 424 lakhs ( H 382 lakhs for the year ended March 31,2025) as a result of the changes in fair value of equity
investments measured at FVTOCI. The impact of change in equity price on profit or loss is not significant.

49.5 Credit risk management

Credit risk refers to the risk that a counterparty will default on its contractual obligations resulting in financial loss to the Company. The
Company is exposed to credit risk from its operating activities (primarily trade receivables) and from its financing activities, including
deposits with banks and financial institutions, foreign exchange transactions and other financial instruments.

Note 49 - Financial instruments (Contd.)

a. Impairment of financial assets other than Trade Receivables

The credit risk on cash and bank balances is limited because the counterparties are banks with high credit ratings assigned by
international credit rating agencies.

The estimated gross carrying amount at default based on 12 month expected credit loss method is Nil (March 31,2025 - Nil) for
investments, deposits and other financial assets. There is no expected credit loss recognised for the year ended March 31, 2026
and March 31, 2025.

b. Impairment of Trade Receivables

Customer credit risk is managed by each business unit subject to the Company's established policy, procedures and control
relating to the customer credit risk management. The Company uses financial information and past experience to evaluate credit
quality of majority of its customers and individual credit limits are defined in accordance with this assessment. Outstanding
receivables and the credit worthiness of its counterparties are periodically monitored and taken up on case to case basis. The
Company evaluates the concentration of risk with respect to trade receivables as low as its customers are located in several
jurisdictions representing large number of minor receivables operating in independent markets. There is no material expected
credit loss based on the past experience. However, the Company assesses the impairment by specific items of trade receivable
and has accordingly created loss allowance on trade receivables. Expected Credit Loss has been computed for the Company as a
whole as the credit profile of customers from all segments are similar.

c. The Company has issued Standby Letter of Credit/Guarantee to its subsidiaries US Nutraceuticals Inc. and Parry Sugars Refinery
India Private Limited respectively having an outstanding amount of H 33,338 lakhs (March 31, 2025 - H 69,414 lakhs). Based on
the financial performance of subsidiary, the Company has recorded an Expected credit loss with respect to financial guarantee
and letters to lenders of Parry Sugars Refinery India Private Limited, refer note 33 and note 51.

Note 49 - Financial instruments (Contd.)

The following table details the Company's maturity analysis for its derivative financial instruments. The table has been drawn up based
on the undiscounted estimated cash flows determined by reference to the projected market rates at the end of the reporting period.
A positive amount represents an anticipated cash inflow and a negative amount represents an anticipated cash outflow.

49.7 Financing facilities

The Company has access to financing facilities of which H 32,160 lakhs (as at March 31,2025 - H 76,200 lakhs) were unused at the
end of the reporting period. The Company expects to meet its other obligations from operating cash flows and proceeds of maturing
financial assets.

49.8 Fair value measurements

Some of the Company's financial assets and financial liabilities are measured at fair value at the end of the reporting period. The
following table gives information about how the fair values of these financial assets and financial liabilities are determined (in particular,
the valuation techniques and inputs used):

Note 50 - Share based payments

50. 1 Employee share option plan of the Company

50.1.1 Details of the employee share option plans of the Company

The Company has share option scheme for executives and senior employees of the Company. As approved by the shareholders at
previous annual general meetings, ESOP schemes will be administered by the Nomination and Remuneration Committee of the
Board of Directors.

Each employee share option converts into one equity share of the Company on exercise. No amounts are paid or payable by the
recipient on receipt of the option. The options carry neither rights to dividends nor voting rights. Options may be exercised at any time
from the date of vesting to the date of their expiry.

53.1 The Tamilnadu Government declared State Advisory Price (SAP) for the sugar year 2013-14, 2014-15 and 2015-16. The Company has
challenged the right of State Government to declare the SAP in the Hon'ble High Court of Madras. The matter is subjudice.

53.2 Future cash outflows in respect of the above referred matters are determinable only on receipt of judgements/decisions pending at
various forums/authorities.

53.3 The Income Tax Department/Commercial Tax Department/Central Excise and Service Tax and GST Authority has filed appeal against
the favourable order passed by lower forum in favor of the Company in appropriate appellate forum to the extent of H 1,381 lakhs. It is
expected that there will not be any outflow of economic resources embodying economic benefits. Hence, no provision is considered
necessary against the same.

53.4 The Income Tax Department has been adjusting the demand orders against other refunds receivable by the company in various
assessment years, and accordingly this does not include interest, as applicable.

53.5 Certain Industrial Disputes are pending before Tribunal/High Courts. The liability of the Company in respect of these disputes depends
upon the final outcome of such cases and the quantum of which is not currently ascertainable.

53.6 Refer note 51.2 for Letter of Comforts given by the Company to various banks for the facilities availed by its subsidiary, Parry Sugars
Refinery India Private Limited (PSRIPL).

Note 54 - No proceeding has been initiated or are pending against the Company for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

Note 55 - The Company has not been declared wilful defaulter by any bank or financial institution or any other lender.

Note 56 - The Company has no transactions with Companies struck off under section 248 of the Companies Act, 2013 or section 560 of
Companies Act, 1956.

Note 57 - There are no charges or satisfaction pending to be registered with Registrar of Companies beyond the statutory time limit.

Note 58 - The Company has complied with the number of layers prescribed under clause (87) of section 2 of the Companies Act, 2013,
read with the Companies (Restriction on number of Layers) Rules, 2017.

Note 59 - The Company does not have any transaction 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.

Note 60 - The Company has not traded or invested in Crypto Currency or Virtual Currency during the year.

Note 61 - The Company has the following Core Investment Companies in the group:

1. Cholamandalam Financial Holdings Limited

2. Ambadi Investments Limited

Note 62 - Subsequent to the balance sheet date, the Board of Directors of Coromandel International Limited, a subsidiary of the Company,
have approved a final dividend of H 2 per share (estimated dividend inflow and income for the Company would be H 3,279 lakhs) in their
Board meeting held on May 07, 2026.

Note 63 -During the year, the Company has been sanctioned working capital limits in excess of H 5 crores (H 500 lakhs) in aggregate, from
banks on the basis of security of current assets. The Company has filed quarterly statements with a bank, which are not in agreement with
the books of account as set out below:

The differences between the statements submitted to the banks and the books of account pertain to (a) valuation of sugar finished
goods (FG) based on the methodology prescribed in the RBI circular (as against Ind AS 2 in the books); (b) exclusion of provision
for expenses in the statements; and (c) adjustments relating to advances paid to vendors and advances received from customers.

Revised quarterly statements have been filed with the bank for above instances, subsequent to the balance sheet date, which are in
agreement with the books of accounts (subject to the differences on account of valuation of sugar FG as per the method prescribed in the
RBI Circular).

Note 64 - The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous
financial year.

Note 65 - The Company has not revalued its property, plant and equipment (including right-of-use assets) and intangible assets during
the current or previous year.

Note 66 - The Company had the following ratios as at March 31,2026 and March 31,2025 respectively

(a) Current ratio (times): Current Assets/Current Liabilities

(b) Debt-Equity ratio (times): (Long term borrowings Short term borrowings Current maturities oflong term borrowings)/Total Equity

(c) Debt Service Coverage ratio (times): Earnings (excluding exceptional item) before interest on long term borrowings, tax,
impairment, depreciation & amortisation/(Interest on long term borrowing Long term borrowings principal repayment)

(d) Return on equity ratio (%): Profit after Tax (before exceptional items)/Average Total Equity

(e) Inventory turnover ratio (times): Cost of Goods Sold (Cost of Material Consumed Purchases of Stock-in-Trade Changes in
inventories of finished goods, by-products, work-in-progress and stock-in-trade)/Average Inventory

(f) Trade receivables turnover ratio (times): Revenue from Operations/Average Trade Receivables

(g) Trade payables turnover ratio (times): Total Purchases (Closing Stock of Raw Materials Cost of materials consumed - Opening
Stock of Raw Materials Purchases of Stock-in-trade)/Average Trade Payables

(h) Net capital turnover ratio (times): Net Sales/Working Capital

(i) Net profit ratio (%): Profit After Tax (before exceptional items)/Net Sales

(j) Return on Capital employed (%): Earnings (excluding exceptional item) before interest and tax/Capital Employed (Tangible Net
Worth (excluding impact of exceptional item) Total Debt Deferred Tax Liability)

(k) Return on investment (%): (Final Value of Investment - Initial Value of Investment Dividend)/Initial Value of Investment

Note 67 - Utilisation of borrowed funds and share premium:

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.

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.

Note 68 - Approval of Standalone Ind AS financial statements

The Standalone Ind AS financial statements were reviewed and recommended by the Audit Committee and has been approved by the
Board of Directors in their respective meetings held on May 25, 2026 and May 26, 2026.