(g) Provisions and contingent liabilities

The Company estimates the provisions that have
present obligations as a result of past events and it is
probable that outflow of resources will be required to
settle the obligations. These provisions are reviewed at
the end of each reporting period and are adjusted to
reflect the current best estimates.

The Company uses significant judgements to assess
contingent liabilities. Contingent liabilities are disclosed
when there is a possible obligation arising from past
events, the existence of which will be confirmed only
by the occurrence or non-occurrence of one or more
uncertain future events not wholly within the control
of the Company or a present obligation that arises
from past events where it is either not probable that
an outflow of resources will be required to settle the
obligation or a reliable estimate of the amount cannot
be made. Contingent assets are neither recognised nor
disclosed in the standalone financial statements.

(h) Employee benefits

The accounting of employee benefit plans in the
nature of defined benefit requires the Company to use
assumptions. These assumptions have been explained
under employee benefits note (Refer note 12 and 22).

(i) Leases

The Company evaluates if an arrangement qualifies
to be a lease as per the requirements of Ind AS 116.
Identification of a lease requires significant judgement.

The Company uses significant judgement in assessing
the lease term (including anticipated renewals) and the
applicable discount rate.

The Company determines the lease term as the
non-cancellable period of a lease, together with both
periods covered by an option to extend the lease if
the Company is reasonably certain to exercise that
option; and periods covered by an option to terminate
the lease if the Company is reasonably certain not
to exercise that option. In assessing whether the
Company is reasonably certain to exercise an option
to extend a lease, or not to exercise an option to
terminate a lease, it considers all relevant facts and
circumstances that create an economic incentive for
the Company to exercise the option to extend the
lease, or not to exercise the option to terminate the
lease. The Company revises the lease term if there is a
change in the non-cancellable period of a lease.

The discount rate is generally based on the incremental
borrowing rate specific to the lease being evaluated or
for a portfolio of leases with similar characteristics.

5) Recent pronouncements

Ministry of Corporate Affairs ("MCA") notifies new
standards or amendments to the existing standards under
Companies (Indian Accounting Standards) Rules as issued
from time to time.

In May 2025, MCA notified amendments to Ind AS 21- The
Effects of Changes in Foreign Exchange Rates, applicable
w.e.f. April 1, 2025. The Company has reviewed the
amendment and based on its evaluation has determined
that it does not have any significant impact in its
financial statements.

In August 2025, MCA notified the following amendments to:

1. Ind AS 1, Presentation of Financial Statements,
applicable w.e.f. April 1, 2025 - The amendment
relates to classification of liabilities as current or non¬
current and non-current liabilities with covenants.

In the context of classifying a liability as current, it
removes the requirement of existence of a right to
defer settlement for at least 12 months after the
reporting date and instead requires that the said right

should exist on the reporting date and have substance.
The amendment also introduces guidance on
classification of liabilities with covenants. The Company
has no impact of these amendments in its classification
criteria of current and non-current liabilities.

2. Ind AS 7, Statement of Cash Flows and Ind AS 107,
Financial Instruments: Disclosures, applicable w.e.f.

April 1, 2025 - The amendment in Ind AS 7 requires to
inform users of financial statements of the existence of
supplier finance arrangements and explain the nature
of the arrangements, the carrying amount of liabilities
and the range of payment due dates. Ind AS 107 has
been amended to add supplier finance arrangements
as a factor that may cause concentration of liquidity
risk. The Company has reviewed the amendment and
based on its evaluation has determined that it does not
have any significant impact in its financial statements.

3. Ind AS 12, International Tax Reform - Pillar Two Model
Rules applicable immediately- The amendments
provide a temporary mandatory relief from deferred
tax accounting for top-up tax and disclose that they
have applied the relief. This relief is immediate and
applies retrospectively (Refer note 15).

6) Financial assets, financial liabilities and equity instruments

Financial assets and liabilities are recognised when the
Company becomes a party to the contractual provisions of
the instrument. Financial assets and liabilities are initially
measured at fair value, except for trade receivables which
are initially measured at transaction price. 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 measured
on initial recognition of financial asset or financial liability.

The Company derecognises a financial asset only when the
contractual rights to the cash flows from the asset expire,
or when it transfers the financial asset and substantially all
the risks and rewards of ownership of the asset to another
entity. The Company derecognises financial liabilities when,
and only when, the Company's obligations are discharged,
cancelled or have expired.

Cash and cash equivalents

The Company considers all highly liquid investments, which
are readily convertible into known amounts of cash that
are subject to an insignificant risk of change in value, to
be cash equivalents. Cash and cash equivalents consist
of balances with banks and which are unrestricted for
withdrawal and usage.

Financial assets at amortised cost

Financial assets are subsequently measured at amortised
cost if these financial assets are held within a business
whose objective is to hold these assets in order to collect
contractual cash flows and the contractual terms of the
financial assets give rise on specified dates to cash flows that
are solely payments of principal and interest on the principal
amount outstanding.

Financial assets at fair value through other comprehensive
income

Financial assets are measured at fair value through other
comprehensive income if these financial assets are held
within a business whose objective is achieved by both
collecting contractual cash flows on specified dates that are
solely payments of principal and interest on the principal
amount outstanding and selling financial assets.

The Company has made an irrevocable election to present
subsequent changes in the fair value of equity investments
not held for trading in other comprehensive income.

Financial assets at fair value through profit or loss

Financial assets are measured at fair value through profit
or loss unless they are measured at amortised cost or at
fair value through other comprehensive income on initial
recognition. The transaction costs directly attributable
to the acquisition of financial assets and liabilities at fair
value through profit or loss are immediately recognised in
statement of profit and loss.

Investment in subsidiaries

Investment in subsidiaries are measured at cost less
impairment loss, if any.

Financial liabilities

Financial liabilities are measured at amortised cost using the
effective interest method except for deferred consideration
recognised in a business combination which is subsequently
measured at fair value through profit and loss.

Equity instruments

An equity instrument is a contract that evidences residual
interest in the assets of the company after deducting all of
its liabilities. Equity instruments issued by the Company are
recognised at the proceeds received net of direct issue cost.

Derivative accounting
• Instruments in hedging relationship

The Company designates certain foreign exchange
forward, currency options and futures contracts as
hedge instruments in respect of foreign exchange risks.
These hedges are accounted for as cash flow hedges.

The Company uses hedging instruments that are
governed by the financial risk management policy as
approved by the Risk Management Committee. The
policy provides principles on the use of such financial
derivatives consistent with the risk management
strategy of the Company. While determining the
appropriate hedge ratio, the Company takes into
consideration the prevailing macro-economic
conditions, the availability and liquidity of the hedging
instruments, tolerance levels for hedge ineffectiveness
and the costs of hedging. The hedging activities are
reviewed by the Risk Management Committee every
quarter and future course of action is determined.

The hedge instruments are designated and
documented as hedges at the inception of the contract.
The Company determines the existence of an economic
relationship between the hedging instrument and
hedged item based on the currency, amount and timing
of their respective cash flows. The effectiveness of
hedge instruments to reduce the risk associated with
the exposure being hedged is assessed and measured
at inception and on an ongoing basis. If the hedged
future cash flows are no longer expected to occur,
then the amounts that have been accumulated in
other equity are immediately reclassified in net foreign
exchange gains in the statement of profit and loss.

The effective portion of change in the fair value of the
designated hedging instrument is recognised in the
other comprehensive income and accumulated under
the heading cash flow hedging reserve.

The Company separates the intrinsic value and
time value of an option and designates as hedging
instruments only the change in intrinsic value of the

option. The change in fair value of the intrinsic value
and time value of an option is recognised in the other
comprehensive income and accounted as a separate
component of equity. Such amounts are reclassified
into the statement of profit and loss when the related
hedged items affect profit and loss.

Hedge accounting is discontinued when the hedging
instrument expires or is sold, terminated or no
longer qualifies for hedge accounting. Any gain or
loss recognised in other comprehensive income and
accumulated in equity till that time remains and is
recognised in the statement of profit and loss when
the forecasted transaction ultimately affects profit
and loss. Any gain or loss is recognised immediately
in the statement of profit and loss when the hedge
becomes ineffective.

• Instruments not in hedging relationship

The Company enters into contracts that are effective
as hedges from an economic perspective, but they
do not qualify for hedge accounting. The change in
the fair value of such instrument is recognised in the
statement of profit and loss.

Impairment of financial assets (other than at fair value)

The Company assesses at each date of balance sheet
whether a financial asset or a group of financial assets
is impaired. Ind AS 109 requires expected credit losses
to be measured through a loss allowance. The Company
recognises lifetime expected losses for all contract assets
and / or all trade receivables that do not constitute a
financing transaction. In determining the allowance for
expected credit losses, the Company has used a practical
expedient by computing the expected credit loss allowance
for trade receivables based on a provision matrix. The
provision matrix takes into account historical credit loss
experience and is adjusted for forward looking information.
The expected credit loss allowance is based on the ageing
of the receivables that are due and allowance rates used
in the provision matrix. For all other financial assets,
expected credit losses are measured at an amount equal
to the 12-months expected credit losses or at an amount
equal to the life time expected credit losses if the credit
risk on the financial asset has increased significantly since
initial recognition.

Notes:

1. On January 29, 2025, the Share Purchase and Securities Purchase Agreement (SSPA) was executed between Tata Consultancy
Services Limited (Company), Tata Realty and Infrastructure Limited (TRIL), TRIL Bengaluru Real Estate Five Limited (TBRF) and
TRIL Bengaluru Real Estate Six Limited (TBRS) for acquisition of 100% equity shares and optionally redeemable convertible
debentures of TBRF and TBRS held by TRIL, in two tranches at a consideration of H1,593 crore.

Out of the above, the Company paid H554 crore towards consideration for remaining 35% stake on April 30, 2025
aggregating to:

• 6,14,775 equity shares and 5,77,11,780 optionally redeemable convertible debentures in TBRF

• 32,67,110 equity shares and 30,68,53,575 optionally redeemable convertible debentures in TBRS

2. On October 10, 2025, the Company acquired 100% ownership interest of ListEngage Midco, LLC along with its subsidiary
ListEngage LLC, limited liability companies in Delaware and leading Salesforce summit partner, for a consideration of
$69 million (H612 crore). The consideration includes $4 million (H40 crore), the payment of which is contingent upon
achievement of certain key performance indicators as set out in the agreement to be achieved over a period of two years
and the fair value of which is $4 million (H38 crore) on initial recognition. On January 14, 2026, the Company made additional
investment in ListEngage Midco, LLC of $703 million (H6,344 crore) to acquire Coastal Cloud Holding, LLC (Refer note 23).

3. The Company incorporated a subsidiary, HyperVault AI Data Center Limited (HADL) on October 29, 2025. On November 20, 2025,
the Securities Subscription Agreement (SSA) and Shareholders' Agreement (SHA) have been executed between the Company,
TPG Terabyte Bidco Pte. Ltd. (TPG) and HADL to support the growth of Company's AI data center business. HADL will be
funded through a mix of equity from the Company and TPG, and debt. The Company and TPG have committed to collectively
invest up to H18,000 crore over the next few years. Out of the total commitment of up to H18,000 crore, the Company will
invest up to H9,180 crores and TPG will invest up to H8,820 crore. As at March 31, 2026, the Company has invested in equity
shares and Class A compulsorily convertible preference shares of HADL amounting to H208 crore.

75,00,000 equity shares of face value per share of H10 have been consolidated into 7,50,000 equity shares of face value per
share of H100 each. 7,80,000 Class A Compulsorily convertible preference shares of face value per share of H100 each have
been converted to 7,80,000 equity shares of face value per share of H100 each.

Loans include inter-corporate deposits of H36 crore with original maturity of maximum 12 months.

Carrying amounts of cash and cash equivalents, trade receivables, loans and trade payables as at March 31, 2026 and 2025,
approximate the fair value due to their nature. Carrying amounts of bank deposits, earmarked balances with banks, other financial
assets and other financial liabilities which are subsequently measured at amortised cost also approximate the fair value due to their
nature in each of the periods presented. Fair value measurement of lease liabilities is not required.

(k) Fair value hierarchy

The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or
unobservable and consists of the following three levels:

• Level 1 - Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.

• Level 2 - Inputs are other than quoted prices included within Level 1 that are observable for the asset or liability, either
directly (i.e. as prices) or indirectly (i.e. derived from prices).

• Level 3 - Inputs are not based on observable market data (unobservable inputs). Fair values are determined in whole or in
part using a valuation model based on assumptions that are neither supported by prices from observable current market
transactions in the same instrument nor are they based on available market data.

The cost of unquoted investments included in Level 3 of fair value hierarchy approximate their fair value because there is a wide
range of possible fair value measurements and the cost represents estimate of fair value within that range.

The following table summarises financial assets and liabilities measured at fair value on a recurring basis and financial assets that
are not measured at fair value on a recurring basis (but fair value disclosures are required):

The Company has entered into derivative instruments not in hedging relationship by way of foreign exchange forward, currency
options and futures contracts. As at March 31, 2026 and 2025, the notional amount of outstanding contracts aggregated to
H61,536 crore and H51,859 crore, respectively, and the respective fair value of these contracts have a net loss of H232 crore and net
gain of H211 crore.

Exchange loss of H2,903 crore and H316 crore on foreign exchange forward, currency options and futures contracts that do not
qualify for hedge accounting have been recognised in the standalone statement of profit and loss for the years ended
March 31, 2026 and 2025, respectively.

Net foreign exchange gain / (loss) include loss of H284 crore and H41 crore transferred from cash flow hedging reserve to the
standalone statement of profit and loss on occurrence of forecasted hedge transactions for the years ended March 31, 2026 and
2025, respectively.

Net loss on derivative instruments of H22 crore recognised in cash flow hedging reserve as at March 31, 2026, is expected to be
transferred to the statement of profit and loss by March 31, 2027. The maximum period over which the exposure to cash flow
variability has been hedged is through calendar year 2026.

(m) Financial risk management

The Company is exposed primarily to fluctuations in foreign currency exchange rates, credit, liquidity and interest rate risks, which
may adversely impact the fair value of its financial instruments. The Company has a risk management policy which covers risks
associated with the financial assets and liabilities. The risk management policy is approved by the Board of Directors. The focus of
the risk management committee is to assess the unpredictability of the financial environment and to mitigate potential adverse
effects on the financial performance of the Company.

Market risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market
prices. Such changes in the values of financial instruments may result from changes in the foreign currency exchange rates, interest
rates, credit, liquidity and other market changes. The Company's exposure to market risk is primarily on account of foreign currency
exchange rate risk.

• Foreign currency exchange rate risk

The fluctuation in foreign currency exchange rates may have potential impact on the statement of profit and loss and other
comprehensive income and equity, where any transaction references more than one currency or where assets / liabilities
are denominated in a currency other than the functional currency of the Company. Considering the countries and economic
environment in which the Company operates, its operations are subject to risks arising from fluctuations in exchange rates in
those countries.

The Company, as per its risk management policy, uses derivative instruments primarily to hedge foreign exchange. Further, any
movement in the functional currency of the various operations of the Company against major foreign currencies may impact
the Company's revenue in international business.

The Company evaluates the impact of foreign exchange rate fluctuations by assessing its exposure to exchange rate risks. It
hedges a part of these risks by using derivative financial instruments in line with its risk management policies.

The foreign exchange rate sensitivity is calculated by aggregation of the net foreign exchange rate exposure and a
simultaneous parallel foreign exchange rates shift of all the currencies by 10% against the functional currency of the Company.

The following analysis has been worked out based on the net exposures of the Company as of the date of balance sheet which
could affect the statement of profit and loss and other comprehensive income and equity. Further the exposure as indicated
below is mitigated by some of the derivative contracts entered into by the Company as disclosed in note 6(l).

10% appreciation / depreciation of the functional currency of the Company with respect to various foreign currencies
would result in increase / decrease in the Company's profit before taxes by approximately H142 crore for the year ended
March 31, 2025.

• Interest rate risk

The Company's investments are primarily in fixed rate interest bearing investments. Hence, the Company is not significantly
exposed to interest rate risk.

Credit risk

Credit risk is the risk of financial loss arising from counterparty failure to repay or service debt according to the contractual terms
or obligations. Credit risk encompasses of both, the direct risk of default and the risk of deterioration of creditworthiness as well as
concentration of risks. Credit risk is controlled by analysing credit limits and creditworthiness of customers on a continuous basis
to whom the credit has been granted after obtaining necessary approvals for credit. Refer note 4 for methods, assumptions and
information used to measure expected credit losses.

Financial instruments that are subject to credit risk consist of trade receivables, loans, investments, derivative financial instruments,
cash and cash equivalents, bank deposits and other financial assets. Loans include Inter-corporate deposits of H1,550 crore placed
with subsidiaries and financial institutions as at March 31, 2026 and H36 crore placed with subsidiaries as at March 31, 2025. Loans
also include reverse repo of H900 crore and NIL as at March 31, 2026 and 2025, respectively. Bank deposits include an amount of
H2,400 crore held with two banks and H3,692 crore held with two banks, having high credit rating which are individually in excess
of 10% or more of the Company's total bank deposits as at March 31, 2026 and 2025, respectively. None of the other financial
instruments of the Company result in material concentration of credit risk.

• Exposure to credit risk

The carrying amount of financial assets and contract assets represents the maximum credit exposure. The maximum exposure
to credit risk was H1,03,699 crore and H96,535 crore as at March 31, 2026 and 2025, respectively, being the total of the
carrying amount of balances with banks, bank deposits, investments excluding equity and preference investments, trade
receivables, loans, contract assets and other financial assets.

The Company's exposure to customers is diversified. As at March 31, 2026, no customer held more than 10% of the
outstanding of trade receivables and contract assets. As at March 31, 2025, a single customer held more than 10% of the
outstanding of trade receivables and contract assets at 10.28%.

Liquidity risk

Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The objective of liquidity risk management is
to maintain sufficient liquidity and ensure that funds are available for use as per requirements. The Company consistently generated
sufficient cash flows from operations to meet its financial obligations including lease liabilities as and when they fall due.

V. Equity shares movement during five years preceding March 31, 2026

The Company bought back 4,09,63,855 equity shares for an aggregate amount of H17,000 crore being 1.12% of the total paid
up equity share capital at H4,150 per equity share. The equity shares bought back were extinguished on December 13, 2023.

The Company bought back 4,00,00,000 equity shares for an aggregate amount of H18,000 crore being 1.08% of the total paid
up equity share capital at H4,500 per equity share. The equity shares bought back were extinguished on March 29, 2022.

7) Leases

A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in
exchange for consideration.

Company as a lessee

The Company accounts for each lease component within the contract as a lease separately from non-lease components of the
contract and allocates the consideration in the contract to each lease component on the basis of the relative standalone price of the
lease component and the aggregate standalone price of the non-lease components.

The Company recognises right-of-use asset representing its right to use the underlying asset for the lease term at the lease
commencement date. The cost of the right-of-use asset measured at inception shall comprise of the amount of the initial measurement
of the lease liability adjusted for any lease payments made at or before the commencement date less any lease incentives received, plus
any initial direct costs incurred and an estimate of costs to be incurred by the lessee in dismantling and removing the underlying asset or
restoring the underlying asset or site on which it is located. The right-of-use asset is subsequently measured at cost less any accumulated
depreciation, accumulated impairment losses, if any and adjusted for any remeasurement of the lease liability. The right-of-use asset is
depreciated using the straight-line method from the commencement date over the shorter of lease term or useful life of right-of-use
asset. The estimated useful lives of right-of-use assets are determined on the same basis as those of property, plant and equipment.
Right-of-use assets are tested for impairment whenever there is any indication that their carrying amounts may not be recoverable.
Impairment loss, if any, is recognised in the statement of profit and loss.

The Company measures the lease liability at the present value of the lease payments that are not paid at the commencement date of the
lease. The lease payments are discounted using the interest rate implicit in the lease, if that rate can be readily determined. If that rate cannot
be readily determined, the Company uses incremental borrowing rate. For leases with reasonably similar characteristics, the Company,
on a lease-by-lease basis, may adopt either the incremental borrowing rate specific to the lease or the incremental borrowing rate for the
portfolio as a whole. The lease payments shall include fixed payments, variable lease payments, residual value guarantees, exercise price of a
purchase option where the Company is reasonably certain to exercise that option and payments of penalties for terminating the lease, if the

lease term reflects the lessee exercising an option to terminate the lease. The lease liability is subsequently remeasured by increasing the
carrying amount to reflect interest on the lease liability, reducing the carrying amount to reflect the lease payments made and remeasuring
the carrying amount to reflect any reassessment or lease modifications or to reflect revised in-substance fixed lease payments. The Company
recognises the amount of the re-measurement of lease liability due to modification as an adjustment to the right-of-use asset and statement
of profit and loss depending upon the nature of modification. Where the carrying amount of the right-of-use asset is reduced to zero and
there is a further reduction in the measurement of the lease liability, the Company recognises any remaining amount of the re-measurement
in statement of profit and loss.

The Company has elected not to apply the requirements of Ind AS 116- Leases to short-term leases of all assets that have a lease
term of 12 months or less and leases for which the underlying asset is of low value. The lease payments associated with these
leases are recognised as an expense on a straight-line basis over the lease term.

Company as a lessor

At the inception of the lease the Company classifies each of its leases as either an operating lease or a finance lease. The Company
recognises lease payments received under operating leases as income on a straight-line basis over the lease term. In case of a
finance lease, finance income is recognised over the lease term based on a pattern reflecting a constant periodic rate of return on
the lessor's net investment in the lease. When the Company is an intermediate lessor it accounts for its interests in the head lease
and the sub-lease separately. It assesses the lease classification of a sub-lease with reference to the right-of-use asset arising from
the head lease, not with reference to the underlying asset. If a head lease is a short-term lease to which the Company applies the
exemption described above, then it classifies the sub-lease as an operating lease.

Interest on lease liabilities is H683 crore and H556 crore for the years ended March 31, 2026 and 2025, respectively.

The Company incurred H266 crore and H199 crore for the years ended March 31, 2026 and 2025, respectively, towards expenses relating to
short-term leases and leases of low-value assets.

The total cash outflow for leases is H2,346 crore and H1,961 crore for the years ended March 31, 2026 and 2025, respectively,
including cash outflow for short term leases and leases of low-value assets.

The Company has lease term extension options that are not reflected in the measurement of lease liabilities. The present value of
future cash outflows for such extension periods is H1,041 crore and H943 crore as at March 31, 2026 and 2025, respectively.

Lease contracts entered by the Company majorly pertain for buildings taken on lease to conduct its business in the ordinary course.

The Company does not have any lease restrictions and commitment towards variable rent as per the contract.

8) Non-financial assets and non-financial liabilities
(a) Property, plant and equipment

The Company recognises the cost of an item of property, plant and equipment as an asset if, and only if it is probable that future
economic benefits associated with the item will flow to the Company and the cost of the item can measured reliably.

Property, plant and equipment are stated at cost comprising of purchase price and any initial directly attributable cost of
bringing the asset to its working condition for its intended use, less accumulated depreciation (other than freehold land) and
impairment loss, if any.

Depreciation is provided for property, plant and equipment on a straight-line basis so as to expense the cost less residual value over
their estimated useful lives as prescribed in Schedule II of the Companies Act, 2013 except in respect of certain categories of assets,
where the useful life of the assets has been assessed based on a technical evaluation. The estimated useful lives and residual values
are reviewed at the end of each reporting period, with the effect of any change in estimate accounted for on a prospective basis.

*The Company believes that the technically evaluated useful lives, different from Schedule II of the Companies Act, 2013, best
represent the period over which these assets are expected to be used.

Capital work-in-progress are stated at cost less impairment loss, if any. Depreciation is not recorded on capital work-in-progress until
construction and installation are complete and the asset is ready for its intended use.

Property, plant and equipment with finite life are evaluated for recoverability whenever there is any indication that their carrying
amounts may not be recoverable. If any such indication exists, the recoverable amount (i.e. higher of the fair value less cost to
sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely
independent of those from other assets. In such cases, the recoverable amount is determined for the cash generating unit (CGU) to
which the asset belongs.

If the recoverable amount of an asset (or CGU) is estimated to be less than its carrying amount, the carrying amount of the asset (or
CGU) is reduced to its recoverable amount. An impairment loss is recognised in the statement of profit and loss.

The carrying amount of an item of property, plant and equipment shall be derecognised on disposal or when no future economic
benefits are expected from its use or disposal.

(b) Intangible assets

Intangible assets purchased are measured at cost as at the date of acquisition, as applicable, less accumulated amortisation and
accumulated impairment, if any.

Intangible assets consist of rights under licensing agreement and software licences which are amortised over licence period which
equates the economic useful life ranging between 1-5 years on a straight-line basis over the period of its economic useful life.

Intangible assets with finite life are evaluated for recoverability whenever there is any indication that their carrying amounts may
not be recoverable. If any such indication exists, the recoverable amount (i.e. higher of the fair value less cost to sell and the
value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent
of those from other assets. In such cases, the recoverable amount is determined for the cash generating unit (CGU) to which
the asset belongs.

If the recoverable amount of an asset (or CGU) is estimated to be less than its carrying amount, the carrying amount of the asset (or
CGU) is reduced to its recoverable amount. An impairment loss is recognised in the statement of profit and loss.

Non-current - Others includes advance of H177 crore and H177 crore towards acquiring right-of-use of leasehold land as at
March 31, 2026 and 2025, respectively.

Contract fulfillment costs of H763 crore and H659 crore for the years ended March 31, 2026 and 2025, respectively, have been
amortised in the standalone statement of profit and loss. Refer note 10 for the changes in contract assets.

(d) Inventories

Inventories consists of a) Raw materials, sub-assemblies and components, b) Work-in-progress, c) Stores and spare parts and
d) Finished goods. Inventories are carried at lower of cost and net realisable value. The cost of raw materials, sub-assemblies and
components is determined on a weighted average basis. Cost of finished goods produced or purchased by the Company includes
direct material and labour cost and a proportion of manufacturing overheads.

10) Revenue recognition

The Company earns revenue primarily from providing IT services, consulting and business solutions. The Company offers a

consulting-led, cognitive powered, integrated portfolio of IT, business and engineering services and solutions.

Revenue is recognised upon transfer of control of promised products or services to customers in an amount that reflects the

consideration which the Company expects to receive in exchange for those products or services.

• Revenue from time and material and job contracts is recognised on output basis measured by units delivered, efforts
expended, number of transactions processed, etc.

• Revenue related to fixed price maintenance and support services contracts where the Company is standing ready to provide
services is recognised based on time elapsed mode and revenue is straight-lined over the period of performance.

• In respect of other fixed-price contracts, revenue is recognised using percentage-of-completion method ('POC method') of
accounting with contract costs incurred determining the degree of completion of the performance obligation. The contract
costs used in computing the revenues include cost of fulfilling warranty obligations.

• Revenue from the sale of distinct internally developed software and manufactured systems and third party software
is recognised upfront at the point in time when the system / software is delivered to the customer. In cases where
implementation and / or customisation services rendered significantly modifies or customises the software, these services and
software are accounted for as a single performance obligation and revenue is recognised over time on a POC method.

• Revenue from the sale of distinct third party hardware is recognised at the point in time when control is transferred
to the customer.

• The solutions offered by the Company may include supply of third-party equipment or software. In such cases, revenue for
supply of such third party products are recorded at gross or net basis depending on whether the Company is acting as the
principal or as an agent of the customer. The Company recognises revenue in the gross amount of consideration when it is
acting as a principal and at net amount of consideration when it is acting as an agent.

Revenue is measured based on the transaction price, which is the consideration, adjusted for volume discounts, service level
credits, performance bonuses, price concessions and incentives, if any, as specified in the contract with the customer. Revenue also
excludes taxes collected from customers.

The Company's contracts with customers could include promises to transfer multiple products and services to a customer. The
Company assesses the products / services promised in a contract and identifies distinct performance obligations in the contract.
Identification of distinct performance obligation involves judgement to determine the deliverables and the ability of the customer
to benefit independently from such deliverables.

Judgement is also required to determine the transaction price for the contract and to ascribe the transaction price to each distinct
performance obligation. The transaction price could be either a fixed amount of customer consideration or variable consideration
with elements such as volume discounts, service level credits, performance bonuses, price concessions and incentives. The
transaction price is also adjusted for the effects of the time value of money if the contract includes a significant financing
component. Any consideration payable to the customer is adjusted to the transaction price, unless it is a payment for a distinct
product or service from the customer.

The estimated amount of variable consideration is adjusted in the transaction price only to the extent that it is highly probable that
a significant reversal in the amount of cumulative revenue recognised will not occur and is reassessed at the end of each reporting
period. The Company allocates the elements of variable considerations to all the performance obligations of the contract unless
there is observable evidence that they pertain to one or more distinct performance obligations.

The Company exercises judgement in determining whether the performance obligation is satisfied at a point in time or over a
period of time. The Company considers indicators such as how customer consumes benefits as services are rendered or who
controls the asset as it is being created or existence of enforceable right to payment for performance to date and alternate use of
such product or service, transfer of significant risks and rewards to the customer, acceptance of delivery by the customer, etc.

Revenue from subsidiaries is recognised based on transaction price which is at arm's length.

Contract fulfilment costs are generally expensed as incurred except for certain software licence costs which meet the criteria for
capitalisation. Such costs are amortised over the contractual period or useful life of licence, whichever is less. The assessment of
this criteria requires the application of judgement, in particular when considering if costs generate or enhance resources to be used
to satisfy future performance obligations and whether costs are expected to be recovered.

Contract assets are recognised when there are excess of revenues earned over billings on contracts. Contract assets are classified as
unbilled receivables (only act of invoicing is pending) when there is unconditional right to receive cash, and only passage of time is
required, as per contractual terms.

Unearned and deferred revenue ("contract liability") is recognised when there are billings in excess of revenues.

The billing schedules agreed with customers include periodic performance based payments and / or milestone based progress
payments. Invoices are payable within contractually agreed credit period.

In accordance with Ind AS 37, the Company recognises an onerous contract provision when the unavoidable costs of meeting the
obligations under a contract exceed the economic benefits to be received.

Contracts are subject to modification to account for changes in contract specification and requirements. The Company reviews
modification to contract in conjunction with the original contract, basis which the transaction price could be allocated to a new
performance obligation, or transaction price of an existing obligation could undergo a change. In the event transaction price is
revised for existing obligation, a cumulative adjustment is accounted for.

Information about major customers

No single customer represents 10% or more of the Company's total revenue during the years ended March 31, 2026 and 2025.

While disclosing the aggregate amount of transaction price yet to be recognised as revenue towards unsatisfied (or partially
satisfied) performance obligations, along with the broad time band for the expected time to recognise those revenues, the
Company has applied the practical expedient in Ind AS 115. Accordingly, the Company has not disclosed the aggregate transaction
price allocated to unsatisfied (or partially satisfied) performance obligations which pertain to contracts where revenue recognised
corresponds to the value transferred to customer typically involving time and material, outcome based and event based contracts.

Unsatisfied (or partially satisfied) performance obligations are subject to variability due to several factors such as terminations,
changes in scope of contracts, periodic revalidations of the estimates, economic factors (changes in currency rates, tax laws etc).
The aggregate value of transaction price allocated to unsatisfied (or partially satisfied) performance obligations is H1,87,739 crore
out of which 44.08% is expected to be recognised as revenue in the next year and the balance thereafter. No consideration from
contracts with customers is excluded from the amount mentioned above.

12) Employee benefits
Defined benefit plans

For defined benefit plans, the cost of providing benefits is determined using the Projected Unit Credit Method, with actuarial
valuations being carried out at each balance sheet date. Remeasurement, comprising actuarial gains and losses, the effect of the
changes to the asset ceiling and the return on plan assets (excluding interest), is reflected immediately in the balance sheet with
a charge or credit recognised in other comprehensive income in the period in which they occur. Past service cost, both vested and
unvested, is recognised as an expense at the earlier of (a) when the plan amendment or curtailment occurs; and (b) when the
entity recognises related restructuring costs or termination benefits.

The retirement benefit obligations recognised in the balance sheet represents the present value of the defined benefit obligations
reduced by the fair value of scheme assets. Any asset resulting from this calculation is limited to the present value of available
refunds and reductions in future contributions to the scheme.

The Company provides benefits such as gratuity, pension and provident fund (Company managed fund) to its employees which are
treated as defined benefit plans.

Defined contribution plans

Contributions to defined contribution plans are recognised as expense when employees have rendered services entitling them
to such benefits.

The Company provides benefits such as superannuation and foreign defined contribution plans to its employees which are treated
as defined contribution plans.

Short-term employee benefits

All employee benefits payable wholly within twelve months of rendering the service are classified as short-term employee benefits.
Benefits such as salaries, wages etc. and the expected cost of ex-gratia are recognised in the period in which the employee renders
the related service. A liability is recognised for the amount expected to be paid when there is a present legal or constructive
obligation to pay this amount as a result of past service provided by the employee and the obligation can be estimated reliably.

Compensated absences

Compensated absences which are expected to occur within twelve months after the end of the period in which the employee
renders the related services are recognised as undiscounted liability at the balance sheet date. Compensated absences which are
not expected to occur within twelve months after the end of the period in which the employee renders the related services are
recognised as an actuarially determined liability at the present value of the defined benefit obligations at the balance sheet date
using the Projected Unit Credit Method.

Termination benefits

Termination benefits are expensed at the earlier of when the Company is obligated to pay those benefits and when the Company
recognises costs for a restructuring.

Employee benefit plans consist of the following:

Gratuity and pension

In accordance with Indian law, the Company operate a scheme of gratuity which is a defined benefit plan. The gratuity plan provides
for a lump sum payment to vested employees at retirement, death while in employment or on termination of employment in
accordance with the provisions under the Code on Social Security, 2020 or as per the Company Scheme, as applicable. Vesting
occurs upon completion of contractual period of continuous years of service as defined in the Code on Social Security, 2020. The
Company manages the plan through a trust. Trustees administer contributions made to the trust. Certain overseas branches of the
Company also provide for retirement benefit pension plans in accordance with the local laws.

The following table sets out the details of the defined benefit retirement plans and the amounts recognised in the
financial statements:

Future mortality assumptions are taken based on the published statistics by the Insurance Regulatory and Development
Authority of India.

The expected benefits are based on the same assumptions as are used to measure the Company's defined benefit plan obligations
as at March 31, 2026. The Company does not expect to contribute to defined benefit plan obligations funds for year ending
March 31, 2027 in view of adequate surplus plan assets as at March 31, 2026.

The significant actuarial assumptions for the determination of the defined benefit obligations are discount rate and expected salary
increase. The sensitivity analysis below have been determined based on reasonably possible changes of the respective assumptions
occurring at the end of the reporting period, while holding all other assumptions constant.

Provident fund

In accordance with Indian law, all eligible employees of the Company in India are entitled to receive benefits under the provident
fund plan in which both the employee and employer (at a determined rate) contribute monthly to a trust set up by the Company
to manage the investments and distribute the amounts entitled to employees. This plan is a defined benefit plan as the Company
is obligated to provide its members a rate of return which should, at the minimum, meet the interest rate declared by Government
administered provident fund. A part of the Company's contribution is transferred to the Government administered pension fund.
The contributions made by the Company and the shortfall of interest, if any, are recognised as an expense in statement of profit
and loss under employee benefit expenses. As per the latest actuarial valuation report of provident fund liabilities on the basis
of guidance issued by Actuarial Society of India and based on the assumptions as mentioned below, there is no deficiency in the
interest cost as the present value of the expected future earnings of the fund is greater than the expected amount to be credited to
the individual members based on the expected guaranteed rate of interest of Government administered provident fund.

Superannuation

All eligible employees on Indian payroll are entitled to benefits under Superannuation, a defined contribution plan. The Company
makes monthly contributions until retirement or resignation of the employee. The Company recognises such contributions as an
expense when incurred. The Company has no further obligation beyond its monthly contribution.

The Company expensed H270 crore and H291 crore for the years ended March 31, 2026 and 2025, respectively, towards Employees'
Superannuation Fund.

Foreign defined contribution plan

The Company expensed H1,589 crore and H1,458 crore for the years ended March 31, 2026 and 2025, respectively, towards foreign
defined contribution plans.

13) Cost recognition

Costs and expenses are recognised when incurred and have been classified according to their nature.

The costs of the Company are broadly categorised in employee benefit expenses, cost of equipment and software licences,
depreciation and amortisation expense and other expenses. Other expenses mainly include fees to external consultants, facility
expenses, travel expenses, communication expenses, bad debts and advances written off, allowance for expected credit losses and
doubtful advances (net) and other expenses. Other expenses are aggregation of costs which are individually not material such as
commission and brokerage, recruitment and training, entertainment, etc.

Other expenses include H5,613 crore and H4,722 crore for the years ended March 31, 2026 and 2025, respectively, towards
sales, marketing and advertisement expenses and H3,700 crore and H3,089 crore for the years ended March 31, 2026 and 2025,
respectively, towards project expenses.

The Company made a contribution to an electoral trust of NIL and H218 crore for the years ended March 31, 2026 and 2025,
respectively, which is included in other expenses.

15) Income taxes

Income tax expense comprises current tax expense and the net change in the deferred tax asset or liability during the year. Current
and deferred taxes are recognised in statement of profit and loss, except when they relate to items that are recognised in other
comprehensive income or directly in equity, in which case, the current and deferred tax are also recognised in other comprehensive
income or directly in equity, respectively.

Current income taxes

The current income tax expense includes income taxes payable by the Company in India and in its branches in overseas
where it operates.

The Company has recognised income tax expenses applying the provisions under section 115BAA of the Income-tax Act, 1961.

Current income tax payable by overseas branches of the Company is computed in accordance with the tax laws applicable in the
jurisdiction in which the respective branch operates. The taxes paid are generally available for set off against the Indian income tax
liability of the Company's worldwide income.

Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax regulations
are subject to interpretation and establishes provisions where appropriate.

Advance taxes and provisions for current income taxes are presented in the balance sheet after off-setting advance tax paid and
income tax provision arising in the same tax jurisdiction and where the relevant tax paying unit intends to settle the asset and
liability on a net basis.

The Organisation for Economic Co-operation and Development (OECD) has published the model rules for global minimum tax
(Pillar Two model rules). As per the provisions of Pillar Two legislation, the Company's ultimate parent entity (UPE) has consolidated
revenues exceeding the threshold prescribed under the OECD framework. Pillar Two legislation has been enacted, or substantively
enacted, in certain jurisdictions where the Company operates. Based on the current assessment, the Company does not expect
a material financial impact from the application of the Pillar Two rules. The evaluation of the potential exposure is based on the
most recent country-by-country reporting, and financial statements for the constituent entities in the Company. In accordance with
Amendments to Ind AS 12, the Company has applied temporary mandatory relief from accounting for deferred tax that arises from
implementing Pillar Two legislation.

Deferred income taxes

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

Deferred income tax assets are recognised to the extent that it is probable that taxable profit will be available against which the
deductible temporary differences and the carry forward of unused tax credits and unused tax losses can be utilised.

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

Deferred tax assets and liabilities are measured using substantively enacted tax rates expected to apply to taxable income in the
years in which the temporary differences are expected to be received or settled.

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

Direct tax contingencies

The Company has ongoing disputes with income tax authorities in India and in some of the other jurisdictions where it operates.
The disputes relate to tax treatment of certain expenses claimed as deduction, computation or eligibility of tax incentives and
allowances and characterisation of fees for services received. Contingent liability in respect of tax demands received from direct
tax authorities in India and other jurisdictions is H506 crore and H1,012 crore as at March 31, 2026 and 2025, respectively. These
demand orders are being contested by the Company based on the management evaluation and advise of tax consultants. In respect
of tax contingencies of H318 crore and H318 crore as at March 31, 2026 and 2025, respectively, not included above, the Company is
entitled to an indemnification from the seller of TCS e-Serve Limited.

The Company periodically receives notices and inquiries from income tax authorities related to the Company's operations in the
jurisdictions it operates in. The Company has evaluated these notices and inquiries and has concluded that any consequent income
tax claims or demands by the income tax authorities will not succeed on ultimate resolution.

The number of years that are subject to tax assessments varies depending on tax jurisdiction. The major tax jurisdictions of Tata
Consultancy Services Limited include India, United States of America and United Kingdom. In India, tax filings from fiscal 2023
are generally subject to examination by the tax authorities. In United States of America, the federal statute of limitation applies
to fiscals 2021 and earlier and applicable state statutes of limitation vary by state. In United Kingdom, the statute of limitation
generally applies to fiscal 2020 and earlier.

16) Earnings per share

Basic earnings per share is computed by dividing profit or loss attributable to equity shareholders of the Company by the weighted
average number of equity shares outstanding during the period. The Company did not have any potentially dilutive securities in any
of the periods presented.

18) Segment information

The Company publishes the standalone financial statements of the Company along with the consolidated financial statements.
In accordance with Ind AS 108- Operating Segments, the Company has disclosed the segment information in the consolidated
financial statements.

19) Commitments and contingencies
Capital commitments

The Company has contractually committed (net of advances) H2,532 crore and H2,438 crore as at March 31, 2026 and 2025,
respectively, for purchase of property, plant and equipment.

Contingencies

• Direct tax matters

Refer note 15.

• Indirect tax matters

The Company has ongoing disputes with tax authorities mainly relating to treatment of characterisation and classification
of certain items. The Company has demands amounting to H646 crore and H626 crore as at March 31, 2026 and 2025,

respectively, from various indirect tax authorities which are being contested by the Company based on the management
evaluation and advice of tax consultants.

• Other claims

> Claims aggregating H119 crore and H120 crore as at March 31, 2026 and 2025, respectively, against the Company have
not been acknowledged as debts.

> In April 2019, Computer Sciences Corporation (referred to as CSC) filed a legal claim against the Company in the Court
of Northern District of Texas and Dallas Division (trial court) alleging misappropriation of trade secrets and other CSC's
confidential information and sought preliminary and permanent injunctive relief, and unspecified monetary damages and
disgorgement of profits.

A trial before an advisory jury was held and on November 17, 2023, the jury returned an advisory verdict in favour of
CSC, finding that the Company misappropriated CSC's trade secrets and recommended compensation of US $70 million
(equivalent to H662 crore) and a further punitive damage of US $140 million (equivalent to H1,324 crore) to be paid by
the Company to CSC. Subsequently, the parties filed their respective written submissions in the matter. On June 13, 2024,
the trial court passed a judgement as follows:

1. The Court ordered that the Company is liable to CSC for US $56 million (equivalent to H531 crore) in compensatory
damages and US $112 million (equivalent to H1,062 crore) in exemplary damages.

2. The Court also assessed that the Company is liable for US $26 million (equivalent to H244 crore) in prejudgment
interest through June 13, 2024.

3. The Court also passed certain injunction and other reliefs against the Company.

Pursuant to US Court procedures, a Letter of Credit has been made available to CSC for US $250 million (equivalent
to H2,365 crore) as financial security in order to stay execution of the judgement pending appeal proceedings
and conclusion.

On November 21, 2025, the Fifth Circuit issued a decision affirming the District Court's rulings on liability but vacating
the previously granted injunction and remanding to the district court to re-enter a narrower injunction. The Company
filed a petition for rehearing en banc and a petition for panel rehearing in the appellate court on December 5, 2025,
which was denied on December 19, 2025.

On March 19, 2026, a petition for a writ of certiorari from the US Supreme Court was filed, seeking a review of the case
and the Supreme Court's decision is awaited.

The Company, based on consultation with the external lawyers and legal assessment, believes that it has a strong case
and would defend its position vigorously and pursue legal remedies to overturn the decision of the Fifth Circuit.

Considering all the facts and various legal precedence, on a conservative and prudent basis, the Company provided
US $112 million (H1,010 crore) towards this legal claim in the standalone statement of profit and loss for the year ended
March 31, 2026 as "Provision towards legal claim" under "Exceptional items". In addition, the Company has also provided
US $38 million (H342 crore) towards pre and post judgement interest until expected date of settlement of this liability
and disclosed it under "Other interest costs".

• Guarantees and letter of comfort

The Company has given letter of comfort to banks for credit facilities availed by its subsidiaries. As per the terms of letter of
comfort, the Company undertakes not to divest its ownership interest directly or indirectly in the subsidiary and provide such
managerial, technical and financial assistance to ensure continued successful operations of the subsidiary.

The remuneration of directors and key executives is determined by the nomination and remuneration committee having regard to
the performance of individuals and market trends.

21) In July 2025, the Company announced re-structuring initiatives. As a part of this initiative, the Company released / will release
certain associates from the organisation whose deployment may not be feasible. Termination benefits have been provided as per
policy devised for this purpose. Such termination benefits, due to their size, nature or occurrence are disclosed as "Re-structuring
expenses" under "Exceptional items" in the standalone financial statements.

22) On November 21, 2025, the Government of India notified the four Labour Codes - 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
- consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable
assessment of the financial impact due to changes in regulations. The Company has considered restructured compensation of its
employees with effect from April 1, 2026, and assessed the impact of the changes, consistent with the Labour Codes, draft rules,
FAQs and legal opinion. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Company

has presented such incremental impact as "Statutory impact of new Labour Codes" under "Exceptional Items" in the standalone
statement of profit and loss for the year ended March 31, 2026. The Company continues to monitor the finalisation of Central /
State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting
effect on the basis of such developments as needed.

23) No funds have been advanced / loaned / invested (from borrowed funds or from share premium or from any other sources / kind
of funds) by the Company to any other person(s) or entity(ies), including foreign entities (Intermediaries), with the understanding
(whether recorded in writing or otherwise) that the Intermediary shall (i) 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 (ii) provide any guarantee,
security or the like to or on behalf of the Ultimate Beneficiaries, except as mentioned below:

Minor amount remaining from funds transferred by TCS held by ListEngage Midco, LLC for future use.

The Company has provided corporate guarantee of $25 million (equivalent to H226 crore) on behalf of ListEngage Midco, LLC
(wholly owned subsidiary) in connection with acquisition of Coastal Cloud Holdings, LLC along with its subsidiaries on
December 10, 2025.

The transactions mentioned above are not in violation of Prevention of Money-Laundering Act, 2002 and are in compliance of the
provisions of Foreign Exchange Management Act, 1999 and Companies Act, 2013.

No funds have been received by the Company from any person(s) or entity(ies), including foreign entities (Funding Parties), with the
understanding (whether recorded in writing or otherwise) that the Company shall (i) 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 (ii) provide
any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

24) The sitting fees and commission paid to non-executive directors is H15 crore and H12 crore as at March 31, 2026 and 2025,
respectively.

26) Dividends

Dividends paid during the year ended March 31, 2026 include an amount of H30.00 per equity share towards final dividend for
the year ended March 31, 2025 and an amount of H79.00 per equity share towards interim dividends (including special dividend)
for the year ended March 31, 2026. Dividends paid during the year ended March 31, 2025 include an amount of H28.00 per
equity share towards final dividend for the year ended March 31, 2024 and an amount of H96.00 per equity share towards interim
dividends (including special dividend) for the year ended March 31, 2025.

Dividends declared by the Company are based on the profit available for distribution. On April 9, 2026, the Board of Directors
of the Company have proposed a final dividend of H31.00 per equity share in respect of the year ended March 31, 2026
subject to the approval of shareholders at the Annual General Meeting, and if approved, would result in cash outflow of
approximately H11,216 crore.

As per our report of even date attached For and on behalf of the Board

For B S R & Co. LLP K Krithivasan Aarthi Subramanian

Chartered Accountants CEO and Managing Director Executive Director - President and COO

Firm's registration no: 101248W/W-100022 DIN: 10106739 DIN: 07121802

Aniruddha Godbole Samir Seksaria Yashaswin Sheth

Partner CFO Company Secretary

Membership No: 105149

Mumbai, April 9, 2026 Mumbai, April 9, 2026