i. Provisions, Contingent Liability and
Contingent Assets:

♦ Provisions are recognized only when
there is a present obligation, as a result of
past events and when a reliable estimate
of the amount of obligation can be made
at the reporting date. These estimates
are reviewed at each reporting date

and adjusted to reflect the current best
estimates. Provisions are discounted
to their present values, where the time
value of money is material.

♦ Contingent liability is disclosed for:

a. Possible obligations which will be
confirmed only by future events
not wholly within the control of the
Company; or

b. Present obligations arising from
past events where it is not probable
that an outflow of resources will be
required to settle the obligation or a
reliable estimate of the amount of the
obligation cannot be made.

♦ Contingent assets are neither recognized
nor disclosed except when realization of
income is virtually certain, related asset
is recognized.

j. Foreign Currency Transactions and
Translations:

Foreign currency transactions are recorded
in the functional currency, by applying the
exchange rate between the functional
currency and the foreign currency at the
date of the transaction.

Foreign currency monetary items outstanding
at the balance sheet date are converted
to functional currency using the closing
rate. Non-monetary items denominated
in a foreign currency which are carried
at historical cost are reported using the
exchange rate at the date of the transactions.

Exchange differences arising on monetary
items on settlement, or restatement as at
reporting date, at rates different from those
at which they were initially recorded, are
recognized in the Standalone Statement of
Profit and Loss in the year in which they arise.

k. Operating Segments:

Operating segments are reported in
a manner consistent with the internal
reporting provided to the Chief Operating
Decision Maker ('CODM') of the Company.

The CODM is responsible for allocating
resources and assessing performance of
the operating segments of the Company.

l. Earnings per Share:

Basic earnings per share are calculated
by dividing the net profit for the period
attributable to equity shareholders by the
weighted average number of equity shares
outstanding during the period.

For the purpose of calculating diluted
earnings per share, the net profit for the
period attributed to equity shareholders
and the weighted average number of
shares outstanding during the period is
adjusted for the effects of all potentially
dilutive equity shares.

m. Research and Development:

Expenditure on research is recognized as
an expense when it is incurred. Expenditure
on development which does not meet the
criteria for recognition as an intangible
asset is recognized as an expense when it
is incurred.

Items of property, plant and equipment
and acquired intangible assets utilized for
research and development are capitalized
and depreciated / amortized in accordance
with the policies stated for Property, Plant
and Equipment and Intangible Assets.

n. Borrowing Cost:

Borrowing cost consists of interest and
other costs incurred in connection with
the borrowing of funds and also include
exchange differences to the extent regarded
as an adjustment to the same. Borrowing
costs directly attributable to the acquisition
and/or construction of a qualifying asset
are capitalized during the period of time
that is necessary to complete and prepare
the asset for its intended use or sale. A
qualifying asset is one that necessarily takes
substantial period of time to get ready for
its intended use. All other borrowing costs
are charged to the Standalone Statement of
Profit and Loss as incurred.

o. Cash and Cash Equivalents:

For the purpose of the Standalone
Statement of Cash Flows, cash and cash
equivalents consist of cash and cheques
in hand, bank balances, demand deposits
with banks where the original maturity is
three months or less and other short-term
highly liquid investments net of outstanding
bank overdrafts and cash credit facilities as
they are considered an integral part of the
Company's cash management.

5C. Significant management judgement in
applying material and other accounting
policies and estimation uncertainty:

The preparation of the Company's financial
statements requires the 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:

Ý Evaluation of indicators for impairment
of assets

The evaluation of applicability of indicators
of impairment of assets requires the
management to make an assessment of
several external and internal factors which
could result in deterioration of recoverable
amount of the assets.

Ý Recoverability of advances / receivables

At each balance sheet date, based on
historical default rates observed over
expected life, the management assesses
the expected credit losses on outstanding
receivables and advances.

Ý Defined Benefit Obligation ('DBO')

Management's estimate of the DBO is based
on a number of underlying assumptions
such as standard rates of inflation,
mortality, discount rate and anticipation of
future salary increases. Variation in these
assumptions may significantly impact the
DBO amount and the annual defined
benefit expenses.

Ý Provisions

At each balance sheet date basis the
management judgment, changes in facts
and legal aspects, the Company assesses
the requirement of provisions against the
outstanding contingent liabilities. However,
the actual future outcome may be different
from this judgement.

Ý Leases

The Company enters into leasing
arrangements for various premises. The
assessment (including measurement) of the
lease is based on several factors, including,
but not limited to, transfer of ownership of
leased asset at end of lease term, lessee's
option to extend/terminate etc. 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
extend or to terminate.

Ý Contingencies

Contingent liabilities may arise from the
ordinary course of business in relation to
claims against the Company, (refer note
46A). By their nature, contingencies will be
resolved only when one or more uncertain
future events occur or fail to occur. The
assessment of the existence, and potential
quantum, of contingencies inherently
involves the exercise of significant
judgments by management and the use of
estimates regarding the outcome of future
events.

Ý Fair value measurements

Management applies valuation techniques
to determine the fair value of financial
instruments (where active market quotes
are not available) and share based
payments. This involves developing
estimates and assumptions consistent with
how market participants would price the
instrument. The Company engages third
party valuers, where required, to perform
the valuation. Information about the

valuation techniques and inputs used in
determining the fair value of various assets,
liabilities and share based payments are
disclosed in the notes to standalone
financial statements.

Ý Inventories

The Company estimates the net realizable
values of inventories, taking into account
the most reliable evidence available at each
reporting date. The future realization of
these inventories may be affected by future
demand or other market-driven changes
that may reduce future selling prices.

Ý Useful lives of depreciable / amortizable
assets

Management reviews its estimate of the
useful lives of depreciable / amortizable
assets at each reporting date, based on the
expected utility of the assets. Uncertainties
in these estimates relate to technical and
economic obsolescence that may change
the utility of assets.

Ý Valuation of investment property

Investment property is stated at cost.
However, as per Ind AS 40 'Investment
Property', there is a requirement to disclose
fair value as at the balance sheet date. The
Company engages independent valuation
specialists to determine the fair value of its
investment property as at reporting date.

Ý Income taxes

The Company's tax jurisdiction is India.
Significant judgements are involved
in estimating budgeted profits for the
purpose of paying advance tax, determining
the provision for income taxes, including
amount expected to be paid / recovered
for uncertain tax positions. The extent
to which deferred tax assets/minimum
alternate tax credit can be recognized
is based on management's assessment
of the probability of the future taxable
income against which the deferred tax
assets/minimum alternate tax credit can be
utilized.

b) As at 31 March 2026, the fair value of investment properties are ' 126.50 crores (31 March 2025: '
121.12 crores). These valuations are based on the valuations performed by a registered valuer as
defined under rule 2 of Companies (Registered Valuers and Valuation Rules, 2017. Fair value is based
on market value approach. There has been no restriction on disposal of property or remittance of
income and proceeds of disposal.

c) c) Leasing arrangements : Certain investment properties which are leased to tenants under long¬
term operating leases with rentals payable monthly will expire in FY 2029-30. Refer note 49 for
details on future minimum lease rentals.

6D. INTANGIBLE ASSETS:

The changes in the carrying value of other intangible assets for the year ended 31 March 2025 and 31
March 2026 are as follows:

b) Rights, preference and restrictions attached to equity shares:

The Company has only one class of equity shares having a par value of ' 1.00 per share. Each
shareholder is entitled for one vote per share held. The dividend proposed by the Board of Directors
is subject to the approval of the shareholders in the ensuing Annual General Meeting except in
the case of interim dividend. In the event of liquidation of the Company, the equity shareholders
are entitled to receive the remaining assets of the Company, after distribution of all preferential
amounts, in proportion of their shareholding.

d) Aggregate number of shares issued for consideration other than cash and shares bought
back during the period of five years immediately preceding the year end:

i) Shares allotted as fully paid pursuant to contract(s) without payment being received in
cash during the financial year 2021-22 to 2025-26:

Nil

ii) Shares issued in aggregate number and class of shares allotted by way of bonus shares
during the financial year 2021-22 to 2025-26:

Nil

iii) Shares bought back during the financial year 2021-22 to 2025-26:

Nil

iv) Shares issued under employee stock option plan (ESOP) during the financial year
2021-22 to 2025-26:

The Company has issued total 62,64,823 equity shares of ' 1.00 each (during FY 2020-21 to
2024-25: 52,54,360 equity shares) during the period of five years immediately preceding 31
March 2025 on exercise of options granted under the employee stock option plan (ESOP).

v) Shares reserved for issue under options:

For details of shares reserved for issue under the employee stock option plan (ESOP) of the
Company, refer note 61. These options are granted to the employees subject to cancellation
under circumstances of his cessation of employment with the Company on or before the
vesting date.

Description of nature and purpose of each reserve
Capital reserve

Capital reserve represents the difference between value of the net assets transferred to the Company
in the course of business combinations and the consideration paid for such combinations.

Securities premium

Securities premium is used to record the premium on issue of shares, which will be utilised in accordance
with provisions of the Act.

Share option outstanding account

The reserve is used to recognize the grant date fair value of options issued to employees under employee
stock option schemes and is adjusted on exercise/ forfeiture of options.

General reserve

General reserve is created from time to time by way of transfer profits from retained earnings for
appropriation purposes. It is created by a transfer from one component of equity to another and is not
an item of other comprehensive income.

Retained earnings

Retained earnings are created from the profit / loss of the Company, as adjusted for distributions to
owners, transfers to other reserves, etc.

Debt instruments through other comprehensive income

This represents the cumulative gains and losses arising on the revaluation of debt instruments measured
at fair value through other comprehensive income reclassifiable in statement of profit and loss net off
existing recognition whien such investments are disposed of or subjected to impairment provision.

* There is no default in repayment of principal borrowing or interest thereon and No guarantee bond has been
furnished against any borrowing.

# ISIN No. INE016A08021, carrying interest @ 7.35%, payable annually and on redemption in FY 2026-27.

26.1 SECURITY NARRATION FOR THE OUTSTANDING CURRENT BORROWINGS FROM BANKS AS AT
31 MARcH 2026:

Working capital demand loan facility:

Repayable on demand and secured by first charge on current assets both present and future including
inventories and trade receivables, owned by the Company ranking pari-passu among bankers in
consortium.

Collaterized Borrowing and Lending Obligation (CBLO) borrowings:

Secured against invetsment in government securites (G-Sec).

26.2 SECURITY NARRATION FOR THE OUTSTANDING CURRENT BORROWINGS FROM BANKS AS AT 31
MARCH 2025:

Working capital demand loan facility:

Repayable on demand and secured by first charge on current assets both present and future including
inventories and trade receivables, owned by the Company ranking pari-passu among bankers in consortium.

26.3 The Company has filed quarterly statements of current assets with the banks that are in agreement with
the books of accounts.

# Based on discussions with the solicitors / favourable decisions in similar cases / legal opinions taken by the
Company, the management believes that the Company has a good chance of success in above-mentioned
cases and hence, no provision is considered necessary.

* In the event of any unfavourable outcome in respect to certain litigations, the liability would be settled to an
extent against unused minimum alternate tax credits which have not been recognized as an asset in the books
of accounts as been explained in note 25.2.

Pursuant to judgement by the Hon'ble Supreme Court of India dated 28 February 2019, it was held that
basic wages, for the purpose of provident fund, should include certain allowances which are common for all
employees. However, there is uncertainty with respect to the applicability of the judgement and period from
which the same applies and accordingly, the Company has not provided for any liability on account of this.

47. INFORMATION ON DETAILS OF LOANS, GUARANTEES AND INVESTMENTS UNDER SECTION 186 OF
THE AcT.

i) Details of investments made are given in note 7 and 12.

ii) Refer note 8 & 16 for Loans given by the Company in accordance with Section 186 of the Act read
with rules issued thereunder.

iii) Disclosure of Corporate guarantees given u/s 186(4) of the Companies Act, 2013^A :

No provision has been withdrawn during the year.

* Sales tax & GST provisions made towards classification matters and towards rate differences matters pending at various

levels including assessing authority / revisional board/ commissioner's level / Appellate Tribunal and at Hon'ble High Courts.

** Entry tax provisions made towards tax difference matters at Orissa pending at various levels including assessing

authority / commissioner's level / Appellate Tribunal and at Hon'ble High Court.

# Excise provisions made towards excise classification matters pending at various levels including Commissioner,

Appellate Tribunal and Hon'ble High Court.

## Provision made towards stamp duty cases pending at Hon'ble High Court.

Notes:

i) These provisions represent estimates made mainly for probable claims arising out of litigations/
disputes pending with authorities under various statutes (Excise duty, Sales tax, Entry tax, GST &
Income Tax). The probability and the timing of the outflow with regard to these matters depend
on the final outcome of the litigations/disputes. Hence, the Company is not able to reasonably
ascertain the timing of the outflow.

ii) Discounting obligation has been ignored considering that these disputes relate to Government
Authorities.

49. INFORMATION ON LEASE TRANSACTIONS PURSUANT TO IND AS 116 - LEASES

A Assets taken on lease *

The Company has leases for office building, warehouses, related facilities and cars. With the
exception of short-term leases and leases of low-value underlying assets, each lease is reflected on
the balance sheet as a right-of-use asset and a lease liability. Variable lease payments which do not
depend on an index or a rate are excluded from the initial measurement of the lease liability and
right of use assets. The Company currently classifies its right-of-use assets in a consistent manner
in leased buildings under property, plant and equipment.

Each lease generally imposes a restriction that, unless there is a contractual right for the Company
to sublease the asset to another party, the right-of-use asset can only be used by the Company.
Some leases contain an option to extend the lease for a further term. The Company is prohibited
from selling or pledging the underlying leased assets as security. For leases over office buildings
and other premises the Company must keep those properties in a good state of repair and return
the properties in their original condition at the end of the lease. Further, the Company is required
to pay maintenance fees in accordance with the lease contracts.

iv) The Company did not carry any provisions for corporate social responsibility expenses for the
current year and previous year.

v) The Company wishes to carry forward any excess amount spent during the year.

vi) The Company does not have any ongoing projects as at 31 March 2026 and 31 March 2025.

vii) The activities for which CSR contribution was made conforms to Schedule VII of Companies act 2013.

Identification of segments:

The chief operational decision maker monitors the operating results of its business segments separately
for the purpose of making decisions about resource allocation and performance assessment. Segment
performance is evaluated based on profit and loss of the segment and is measured consistently with
profit or loss in these financial statements. Operating segments have been identified on the basis of the
nature of products.

Segment revenue and results:

The expenses and income which are not directly attributable to any business segment are shown as
unallocable expenditure (net of unallocable income).

Segment assets and liabilities:

Assets used by the operating segments mainly consist of property, plant and equipment, trade
receivables, cash and cash equivalents and inventories. Segment liabilities include trade payables and
other liabilities. Common assets and liabilities which cannot be allocated to any of the segments are
shown as a part of unallocable assets/liabilities.

The measurement principles of segments are consistent with those used in preparation of these
standalone financial statements. There are no inter-segment transfers.

* Subsidiary through control by management.

** The liquidation of Dabur Tunisie, is under process and is likely to be completed by 30 June 2028. The liquidation
was earlier expected to be completed by 31 December 2025, but due to certain legal and regulatory compliances
under the laws of Tunisia, the completion date was extended.

*** Dabur UK Trading Ltd. has joined the business combination as a step down wholly owned subsidiary of Dabur
India Ltd., the parent company, during the year ended on 31st March 2026.

54. INFORMATION ON RELATED PARTY TRANSACTIONS PURSUANT TO IND AS 24 - RELATED PARTY
DISCLOSURES

Following are the related parties and transactions entered with related parties for the relevant financial year:

56. CAPITAL MANAGEMENT - POLICIES AND PROCEDURES

For the purpose of the Company's capital management, capital includes issued equity share capital,
security premium and all other equity reserves attributable to the equity holders of the Company.

The Company' s capital management objectives are:

Ý to ensure the Company's ability to continue as a going concern

Ý to provide an adequate return to shareholders

by pricing products and services commensurately with the level of risk.

The Company manages its capital structure and makes adjustments in light of changes in economic
conditions and the requirements of the financial covenants. To maintain or adjust the capital structure,
the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue
new shares. The Company monitors capital using a gearing ratio, which is net debt divided by total

In order to achieve this overall objective, the Company's capital management, amongst other things,
aims to ensure that it meets financial covenants attached to the interest-bearing loans and borrowings
that define capital structure requirements.

No changes were made in the objectives, policies or processes for managing capital during the years
ended 31 March 2026 and 31 March 2025.

57. FINANCIAL RISK MANAGEMENT - OBJECTIVES AND POLICIES

The Company's financial liabilities comprise mainly of borrowings, trade payables and other payables.
The Company's financial assets comprise mainly investments, loans, trade receivables, cash and cash
equivalents, other balances with banks and other receivables.

The Company's financial risk management is an integral part of how to plan and execute its business
strategies.

The Company's activities expose it to market risk, interest rate risk and foreign currency risk. The Board
of Directors ('Board') oversee the management of these financial risks through its Risk Management
Committee. The risk management policy of the Company formulated by the Risk Management Committee
and approved by the Board, states the Company's approach to address uncertainties in its endeavour
to achieve its stated and implicit objectives. It prescribes the roles and responsibilities of the Company's
management, the structure for managing risks and the framework for risk management. The framework
seeks to identify, assess and mitigate financial risks in order to minimize potential adverse effects on the
Company's financial performance.

The following disclosures summarize the Company's exposure to financial risks and information
regarding use of derivatives employed to manage exposures to such risks. Quantitative sensitivity
analysis have been provided to reflect the impact of reasonably possible changes in market rates on
the financial results, cash flows and financial position of the Company.

A) Market risk

Market risk is the risk of loss of future earnings, fair value or future cash flows arising out of
change in the price of a financial instrument. These include change as a result of changes in the
interest rates, foreign currency exchange rates, equity prices and other market changes that affect
market risk sensitive instruments. Market risk is attributable to all market risk sensitive financial
instruments including investments and deposits, foreign currency receivables, payables and loans
and borrowings.

The Company manages market risk through a risk management committee engaged in, inter alia,
evaluation and identification of risk factors with the object of governing/mitigating them according
to Company's objectives and declared policies in specific context of impact thereof on various
segments of financial instruments. The Board provides oversight and reviews the risk management
policy on a quarterly basis.

i) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument
will fluctuate because of changes in market interest rates. In order to balance the Company's
position with regards to interest income and interest expense and to manage the interest rate
risk, treasury performs comprehensive interest rate risk management. As the Company does
not have any significant amount of debt, the exposure to interest rate risk from the perspective
of Financial Liabilities is negligible. Further, treasury activities, focused on managing investments
in debt instruments, are centralised and administered under a set of approved policies and
procedures guided by the tenets of safety, liquidity and returns. This ensures that investments
are made within acceptable risk parameters after due evaluation.

ii) Foreign currency risk

The Company operates internationally with transactions entered into several currencies.
Consequently the Company is exposed to foreign exchange risk towards honouring of export /
import commitments.

Management evaluates exchange rate exposure in this connection in terms of its established
risk management policies which includes the use of derivatives like foreign exchange forward
contracts to hedge risk of exposure in foreign currency.

The carrying amounts of the Company's foreign currency denominated monetary items are as
follows:

The above table represents total exposure of the Company towards foreign exchange
denominated assets and liabilities. The details of unhedged exposures are given as part of
note 56.

Foreign currency sensitivity

The below table demonstrates the sensitivity to a 1% increase or decrease in the foreign
currencies against ', with all other variables held constant. The sensitivity analysis is prepared
on the net unhedged exposure of the Company as at the reporting date. 1% represents

iii) Price risk

The Company's exposure to price risk arises from investments held and classified as FVTPL or
FVTOCI. To manage the price risk arising from investments, the Company diversifies its portfolio
of assets.

Sensitivity analysis

Profit or loss and equity is sensitive to higher/lower prices of instruments on the Company's
profit for the year:

B Credit risk

Credit risk arises from the possibility that counter party may not be able to settle their obligations
as agreed. To manage this, the Company periodically assesses the financial reliability of customers,
taking into account the financial condition, current economic trends, and analysis of historical bad
debts and ageing of account receivables. Individual risk limits are also set accordingly.

The Company considers the probability of default upon initial recognition of asset and whether
there has been a significant increase in credit risk on an ongoing basis throughout each reporting
period. To assess whether there is a significant increase in credit risk, the Company compares
the risk of default occurring on the asset as at the reporting date with the risk of default as at the
date of initial recognition. The Company considers reasonable and supportive forward-looking
information.

Financial assets are written-off when there is no reasonable expectation of recovery, such as
debtor failing to engage in a repayment plan with the Company. The Company provides for overdue
outstanding for more than 90 days other than institutional customers which are evaluated on a

Concentration of credit risk with respect to trade receivables are limited, due to the Company's
customer base being large and diverse. All trade receivables are reviewed and assessed for default
on a quarterly basis.

Our historical experience of collecting receivables is that credit risk is low. The Company's exposure
to credit risk for trade receivables is presented below:

C Liquidity risk

Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations
on time or at a reasonable price. The Company's treasury department is responsible for maintenance
of liquidity (including quasi liquidity), continuity of funding as well as timely settlement of debts. In
addition, policies related to mitigation of risks are overseen by senior management. Management
monitors the Company's net liquidity position on the basis of expected cash flows vis-a-vis debt
service fulfilment obligation.

The table below analysis derivative and non-derivative financial liabilities of the Company into relevant
maturity groupings based on the remaining period from the reporting date to the contractual
maturity date. The amounts disclosed in the table are the contractual undiscounted cash flows:

58. CATEGORY WISE CLASSIFICATION OF FINANCIAL INSTRUMENTS

The fair values of the financial assets and financial liabilities are defined as the price that would be
received on sale of an asset or paid to transfer a liability in an orderly transaction between market
participants at the measurement date. Methods and assumptions used to estimate the fair values are
consistent with those used for the financial year 2023-24. The following methods and assumptions were
used to estimate the fair values:

i) The fair values of investments in mutual fund units is based on the net asset value ('NAV') as stated
by the issuers of these mutual fund units in the published statements as at Balance Sheet date.
NAV represents the price at which the issuer will issue further units of mutual fund and the price at
which issuers will redeem such units from the investors.

ii) The fair values of other investments measured at FVTOCI and FVTPL are determined based on
observable market data other than quoted prices in active market.

iii) The carrying amount of financial assets and financial liabilities measured at amortised cost in these
standalone financial statements are a reasonable approximation of their fair values since the
Company does not anticipate that the carrying amounts would be significantly different from the
values that would eventually be received or settled.

Financial assets and financial liabilities are measured at fair value in these financial statement and are
grouped into three levels of a fair value hierarchy. The three Levels are defined based on the observability
of significant inputs to the measurement elucidated in item 5B(e) of accounting policies.

C Valuation technique used to determine fair value:

Specific valuation techniques used to value financial instruments include:

(a) Investment in mutual funds: The fair values of investments in mutual fund units is based on
the net asset value ('NAV') as stated by the issuers of these mutual fund units in the published
statements as at Balance Sheet date.

(b) Investment in debt instruments: The fair value of investments that are not traded in an active
market is determined using market approach and valuation techniques which maximize the use
of observable market data and rely as little as possible on entity-specific estimates.

59. DISCLOSURE RELATING TO EMPLOYEE BENEFITS PURSUANT TO IND AS 19 - EMPLOYEE BENEFITS

(A) Defined contribution plans

Amount of ' 2.73 crores (31 March 2025 : ' 3.01 crores) related to contribution to Employees'
Superannuation Fund is recognised as an expense and included in employee benefits expense in
the Standalone Statement of Profit and Loss.

(B) Defined benefit plans
Gratuity (funded)

"The Company provides for gratuity, a defined benefit retirement plan covering eligible employees.
The gratuity plan provides a lump sum payments to vested employees at retirement, death,
incapacitation or termination of employment, of an amount equivalent to 15 days salary for each
completed year of service. Vesting occurs on completion of 5 continuous years of service as
per Payment of Gratuity Act, 1972. However, no vesting condition applies in case of death. The
weighted average duration of defined benefit obligation is 3.58 years (31 March 2024 : 7.13 years).
The Company makes contributions to ""Dabur Employee's Gratuity Trust"", which is funded defined
benefit plan for qualifying employees."

Post separation benefit of directors

Post separation benefit of directors includes car, telephone, medical and housing facility for eligible
directors.

Description of risk exposures:

Valuations are based on certain assumptions, which are dynamic in nature and vary over time. As
such, the Company is exposed to various risks as follows:

(a) Salary increases - Actual salary increases will increase the plan's liability. Increase in salary
increase rate assumption in future valuations will also increase the liability.

(b) Investment risk - If plan is funded then assets/liabilities mismatch and actual investment return
on assets lower than the discount rate assumed at the last valuation date can impact the liability.

(c) Discount rate - Reduction in discount rate in subsequent valuations can increase the plan's
liability.

(d) Mortality and disability - Actual deaths and disability cases proving lower or higher than
assumed in the valuation can impact the liabilities.

Notes:

(i) The actuarial valuation of plan assets and the present valuation of defined benefit obligation were
computed at year end. 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.

(ii) Discount rate is based on the prevailing market yields of Indian Government Securities as at the balance
sheet date for the estimated term of the obligations.

(iii) The salary escalation rate is computed after considering the seniority, the promotion and other relevant
factors, such as, demand and supply in employment market.

(C) Provident fund

The Company makes contribution towards provident fund which is administered by Dabur India

Limited E.P.F Trust ("Trust").

Contribution made by the Company to the trust set-up by the Company during the year is ' 21.20

crores (31 March 2025 : ' 20.11 crores).

60. DISCLOSURES REQUIRED PURSUANT TO IND AS 102 - SHARE BASED PAYMENT

Under Employee Stock Option Scheme (ESOP) of the Company, share options of the Company are
granted to the senior executives subject to achievement of targets as defined in ongoing vision of
the Company. Vesting period ranges from 1 to 5 years. Each option carries the right to the holder
to apply for one equity share of the Company at par. There has been no variation in the terms of
options during the year. The share options are valued at the fair value of the options as on the date
of grant using Black Scholes pricing model. There is no cash settlement alternative.

* Increase in Current Assets ratio is due to increase in current assets base at the end of the year.

# Increase in Trade Receivables Turnover Ratio is due to improvement in debt collection peiord in the current year.
^A Decrease in Net Capital Turnover ratio is due to the increase in the Current Assets base.

62. OTHER STATUTORY INFORMATION:

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

(ii) The Company does not have any charges pending satisfaction with ROC beyond the statutory
period.

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

(iv) 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.

(v) 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.

(vi) The Company has no 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,

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

(viii) The Company does not have any transactions with companies struck off, other than disclosed
(refer note 28.3).

63. As per Rule 3(1) of Companies (Accounts) Rules, 2014 (as amended), the Company has used accounting
software for maintaining its books of account which, along with change log management, has a feature
of recording audit trail (edit log) facility in terms of laid down requirements, and the same has operated
throughout the financial year 2024-25 for all relevant transactions recorded in the software.

64. SESA CARE Private Limited a domestic company is poised for merger with the company at enterprise
value in the range of Rs. 315 crore to Rs. 350 crore (including debt of Rs. 296 crore) subject to approval
of the scheme of the merger on Hon'ble Court.

The company owns 51% of the paid up cumulative redeemable preference shares (comprising
1,25,90,070 number) of Rs. 10/- each at per of said company from existing shareholders. Considering
ensuing merger of the company, said investments are held at cost in the books of the company.

65. Pursuing the new Labour Code enacted in November 2025, liability on account of gratuity and leave
salary pertaining to Past Service Cost has been increased by Rs. 23.13 Cr.

The said amount net of deferred tax applicable thereon has been accounted for as an exceptional item.

66. In the opinion of the Board of Directors, current assets have a value on realization in the ordinary course
of business at least equal to the amount at which they are stated in the balance sheet and provisions for
all known / expected liabilities have been made.

67. The figures of the previous year have been re-classified according to current year classification wherever
required.