(r) Provisions

Provisions are recognised when the Company has
a present obligation (legal or constructive) as a
result of a past event, it is probable that an outflow
of resources embodying economic benefits will be
required to settle the obligation and a reliable estimate
can be made of the amount of the obligation. When
the Company expects some or all of a provision to be
reimbursed, for example, under an insurance contract,
the reimbursement is recognised as a separate asset,
but only when the reimbursement is virtually certain.
The expense relating to a provision is presented in the
statement of profit and loss net of any reimbursement.
(Refer Note 2(m)(i) for Expected Credit Losses)

(s) Contingent Liabilities and Assets.

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 Group 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 Consolidated Financial Statements.

(t) Contributed equity

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

(u) Dividends

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

(v) Earnings per share

(i) Basic earnings per share

Basic earnings per share is calculated by
dividing:

(a) the profit attributable to owners of the
Company

(b) by the weighted average number of equity
shares outstanding during the financial
year, adjusted for bonus elements in
equity shares issued during the year and
excluding treasury shares

(ii) Diluted earnings per share

Diluted earnings per share adjusts the figures
used in the determination of basic earnings per
share to take into account:

(a) the after-income tax effect of interest and
other financing costs associated with
dilutive potential equity

(b) the weighted average number of additional
equity shares that would have been
outstanding assuming the conversion of
all dilutive potential equity shares.

(w) Current/non-current classification

The Company presents assets and liabilities in the

standalone balance sheet based on current/ non¬
current classification. An asset is treated as current

when it is:

(a) Expected to be realised or intended to be sold or
consumed in normal operating cycle

(b) Held primarily for the purpose of trading

(c) Expected to be realised within twelve months
after the reporting period, or

(d) Cash or cash equivalent unless restricted from
being exchanged or used to settle a liability for at
least twelve months after the reporting period

All other assets are classified as non-current.

A liability is current when:

(a) It is expected to be settled in normal operating
cycle

(b) It is held primarily for the purpose of trading

(c) It is due to be settled within twelve months after
the reporting period, or

(d) There is no unconditional right to defer the
settlement of the liability for at least twelve
months after the reporting period.

The Company classifies all other liabilities as non¬
current.

Deferred tax assets and liabilities are classified as non¬
current assets and liabilities.

The operating cycle is the time between the acquisition
of assets for processing and their realisation in cash
and cash equivalents.

The Company has identified twelve months as its
operating cycle.

(x) Cash Flows

Cash Flows are reported using the indirect method,
whereby profit before tax is adjusted for the effects
of transactions of a non-cash nature, any deferrals or
accruals of past or future operating cash receipts or
payments and item of income or expenses associated
with investing or financing cash flows. The cash flows
from operating, investing and financing activities of the
Company are segregated. The Company considers all
highly liquid investments that are readily convertible to
known amounts of cash to be cash equivalents.

(y) RBI Application Under FEMA Act, 1999

The Company has long outstanding receivables and
payable balances from/to its foreign subsidiaries.
The Company has made RBI Application for seeking
approval for set-off of Trade Receivables from its
100% foreign subsidiaries against Trade Payables to its

100% foreign subsidiaries under the Foreign Exchange
Management Act, 1999, and regulations thereunder.

The subsidiaries receivables were accrued pursuant
to the software development services provided by the
Company to the above mentioned subsidiaries. The
subsidiaries were unable to generate enough business
for payment of dues to the Company. Due to this reason
the management has applied for set off of intercompany
receivables and payables to reserve bank of India under
FEMA regulations and it is still in process.

(z) Recent accounting pronouncements:

Ministry of Corporate Affairs (“MCA”) notifies new
standards or amendments to the existing standards
under Companies (Indian Accounting Standards)
Rules as issued from time to time. For the year
ended March 31, 2025, MCA has notified Ind AS - 117
Insurance Contracts and amendments to Ind AS 116
- Leases, relating to sale and leaseback transactions,
applicable to the Company w.e.f. April 01, 2024. The
Company has reviewed the new pronouncements
and based on its evaluation has determined that it
does not have any significant impact in its financial
statements.

(aa) Rounding of amounts

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

Notes:

1. In the previous years,the Company had acquired certain Building under a lease arrangement for a period of sixty years at a premium
of ' 0.50 Crores starting from December 04, 2000, ' 15.62 Crores starting from March 13, 2000 and ' 5.05 Crores starting from
March 01, 2003 and the same was reclassified as ROU assets and amortised over the lease period.

2. Property, Plant and Equipment pledged as security against borrowings by the Company

Refer to Note no 36 for information on property, plant and equipment pledge as security by the Company, if any.

3. Contractual Obligations

Refer to Note no 31 for disclosure of contractual commitments for the acquisition of property, plant and equipment if any.

4. Refer note no 38 for details on addition and disposal of Right of use assets.

1. Significant Estimate : Useful life of Intangible Assets

Refer to sub note (k) of Note 2 'Material Accounting Polices’.

2. I n accordance with IND AS 36 - Impairment of Assets, the Company carried out an impairment assessment of its intangible
assets. A fair valuation of certain software products was conducted by a registered valuer, while an internal fair valuation, based on
management’s estimates and assumptions, was performed for the remaining software products.

Based on the outcome of these assessments, the following adjustments were recorded during the year:

• An impairment provision of ' 3.94 Crores was recognised (Previous Year: ' 21.93 Crores); and

• A total reversal of impairment amounting to ' 9.06 Crores was recognised, comprising:

• ' 3.89 Crores pertaining to two software products, based on updated valuations by the registered valuer; and

• ' 5.17 Crores due to the depreciation impact on the carrying value of certain software products.

The net effect of these adjustments has been reflected in the Statement of Profit and Loss for the year ended March 31, 2025.

The impairement provision impact on the below three products has been considered based on valuation done by independent
registered valuer under Level 3 hierarchy of IND AS 36 using fair value as per Discounted cash flow method, in the said valuation
exercise based on below assumptions :

1. The Company had held Series A, C and D Zero Coupon Redeemable Convertible Preference Shares in 3i Infotech Holdings Private
Limited (together the 'Preference Shares’), which matured in 2017-18. The said Preference Shares have then been renewed with
same terms and are now having maturity date as March 24, 2030. In the previous year maturity date was March 24, 2025.

2. In Previous years, the Company had measured its Redeemable Convertible Preference Shares (RCPS) at amortised cost in
accordance with the applicable requirements of Ind AS. From the current financial year, after extension in terms, the Company has
classified the RCPS as an equity in nature and measured them at cost in accordance with Ind AS This change in classification and
measurement has been accounted for prospectively from the date of renewal of terms.

3. During the financial year 2024-25, there was a change in the shareholding structure of Nure Mediatech Ltd. Formerly a wholly-
owned subsidiary of 3i Infotech Limited, Nure Mediatech Ltd. became a subsidiary after issuing 49% of its equity shares to the
Investor Group. As part of this transaction, Nure Mediatech Ltd. issued 9,608 equity shares to the Investor Group.

4. Elegon Infotech Limited, China has been wound up, and the resulting impact has been recognised in the Statement of Profit and
Loss.

5. The Investment in equity shares is ' 101.04 Crores (31st March, 2024'101.04 Crores) and preference shares is ' 760.75 Crores (31st
March, 2024'711.73 Crores) of 3i infotech Holding Private Limited, Maruitius aggregating to ' 861.79 Crores (31st March, 2024 '
812.77 Crores) have been presented in Note no 18 Legacy related liabilities and assets.

6. In the FY 2023-24 the Company has made a provision for impairment of ' 421.70 Crores on the basis of internal evaluation on its
Investment in 3i Infotech Holdings Private Limited, Mauritius and ' 14.24 Crores on the basis of valuation report in 3i Infotech Digital
BPS Limited.

7. I nformation required under paragraph 17 (b) of Ind AS 27 regarding investments in subidiaries, joint ventures and associates has
been disclosed in Note no 32.

8. 3i Infotech UK Ltd holds 250 equity shares of the Saudi Arabia LLC in a fiduciary capacity on behalf of the Company.

There are long outstanding assets and liabilities with subsidiaries / step-down subsidaries. The Board had set up a Legacy Committee
as a Sub - Committee of the Audit Committee, to evaluate and address all long outstanding legacy related matters. After evaluating the
reports of Sub Committee, the Board of Directors of the Company at its meeting held on January 31, 2024, decided to initiate Forensic
Audit for legacy issues, the Board of the Company has engaged external consultants, who has submitted the final report, which has been
reviewed, approved, and accepted by the Board in their meeting held on January 29, 2025. Board of Directors and Management of the
Company states that there are no material impact on financials of the Company or conclusion of any fraud, mis-representation.

A. The Company has an outstanding liability payable towards purchase of Intellectual property rights (IPR), since 2012 to its MEA
branch/3i Infotech (Middle East) FZ LLC amounting to ' 1,066.38 Crores (FY 2023-24 is ' 1066.38). The liability towards purchase of
IPR was not settled by the Company within the time limit prescribed under FEMA Regulations and the Company had approached
Reserve Bank of India (RBI) in 2013 through authorised dealer to extend the timeline for repayment of the aforesaid liability till March
31, 2017.

Not being able to settle the liability even by 2017, the Company had thereafter made an application to the Reserve Bank of India (RBI),
through its authorised dealer vide letter dated March 05, 2019 and subsequently on October 23, 2020, for set - off of the liability/
payables to MEA branch/ 3i Infotech (Middle East) FZ LLC of ' 1,066.38 Crores against its trade receivables then due from 3i Infotech
Inc, 3i Saudi Arabia and 3i Africa of ' 392.33 Crores, ' 113.47 Crores and ' 30.46 Crores respectively at time of RBI applications The
Company has not received the RBI approval as at the balance sheet date.

B. The Company is also carrying certain long outstanding receivables from various foreign subsidiaries amounting to
' 431.74 Crores (FY 2023-24 406.26 Crores) as at March 31, 2025. During the current financial year, considering the current
market scenario and low operations in many of the subsidiaries, and even though the Company has a net payable position
with respect to the receivables and payables balances of its subsidiaries, the Company has recognised a loss allowance
amounting to ' 335.69 Crores ( FY 2023-24 329.90 Crores) in the previous financial year on the abasis of internal evaluation,
on a conservative and prudent basis. The net balance outstanding from subsidiaries (net off provisions) is ' 96.05 Crores
(FY 2023-24 76.36 Crores).

C. The Company had made investments in Equity and Redeemable Convertible Preference Shares of 3i Infotech Holdings Private
Limited in Mauritius between 2006-07 to 2011-12. On the basis of internal evaluation, the Company has recognised a provision for
diminution in value of investments of ' 891.70 Crores (FY 2023-24 is ' 891.70 Crores). The net outstanding balance of investment in
this subsidiary is ' 861.79 Crores (FY 2023-24 is 812.77 Crores).

The Company had not been able to meet its obligation of payment of ' 1,066.38 Crores to its MEA branch/3i Infotech (Middle East) FZ
LLC, consequently leading to a cascading effect of 3i Infotech (Middle East) FZLLC not being able to payback amount due to 3i Infotech
Inc. and 3i Infotech Holdings Pvt Ltd in Mauritius. Further, it has had a cascading effect of 3i Infotech Inc. not being able to redeem the
preference shares issued by it to 3i Infotech Holdings Pvt Ltd. In view of the non-realisation of the preference shares in 3i Infotech Inc and
the loan to 3i Infotech (Middle East) FZLLC, 3i Infotech Holdings Pvt Ltd has not been able to redeem the preference shares of 3i Infotech

Limited. Thus, effectively non-payment of the obligation of ' 1,066.38 Crores by the Company/ MEA branch to 3i Infotech (Middle East) FZ
LLC has led to the non-realisation of the preference shares invested in by the Company in 3i Infotech Holdings Pvt Ltd. There is no major
change in the quantum of investments/receivables and payables from/to these subsidiaries since 2012. It has always been the intention
to settle the receivables and payables on a net basis, subject to the legal and the regulatory approvals. During the previous year 2023-24,
impairment provisions have been made against receivables and investments on a prudent and conservative basis in view of the delay
in obtaining the legal and regulatory approvals. As and when such approvals are received in future, the estimate of the recoverable and
payable amounts will be suitably revised.

To reflect a more appropriate and a true and fair presentation of the balances on the balance sheet,in line with para 19 of Ind AS 1, the
Company has presented all the legacy outstanding balances of its receivables of ' 96.05 Crores (FY 2023-24 76.36 Crores), payables
of ' 1,081.34 Crores (FY 2023-24 1,080.97 Crores) and investments of ' 861.79 Crores (FY 2023-24 812.77 Crores) relating to these
wholly owned subsidiaries as a single line item of ' 123.51 Crores (FY 2023-24 191.84 Crores) 'Legacy related liabilities and assets’ in its
balance sheet. The net balance would reflect the substance that had the Company been able to pay off its liabilities to its wholly owned
subsidiaries, it would have received such amounts back as recovery of its receivables/ investments in such subsidiaries.

If the legacy outstanding balances of receivables and investments relating to these wholly owned subsidiaries had not been presented as
a single line item, as mentioned above, then the investments, receivables and payables would be higher by ' 861.79 Crores (FY 2023-24
812.77 Crores), ' 96.05 Crores (FY 2023-24 76.36 Crores) and ' 1,081.34 Crores (FY 2023-24 1,080.97 Crores) respectively.

(ii) Post Employment obligations
(a) Defined benefit plan - Gratuity

The Company provides for gratuity for employees in India as per the Payment of Gratuity Act, 1972. Employees who are in continuous
service for a period of five years are eligible for gratuity. The amount of gratuity payable on retirement/ termination is the employees
last drawn basic salary per month computed proportionately for 15 days salary multiplied by number of years of service upto 10
years and 26 days salary multiplied by number of years of service beyond 11 years.

The gratuity plan is a unfunded plan and the Company makes contributions to recognised funds in India. The Company does not
fully fund the liability and maintains a target level of funding to be maintained over a period of time based on estimations of expected
gratuity payments.

ESI SHARE BASED PAYMENTS
(a) Employee option plan

The Company’s Employee Stock Option Schemes are applicable to “Eligible Employees” as defined in the scheme which includes
directors and employees of the Company and its subsidiaries. Currently, the Company has 3 schemes, ESOS 2007, ESOS 2018
(as amended) and ESOS 2023. ESOS Scheme 2007 provides for issue of equity options up to 25% of the paid-up equity capital
to eligible employees and ESOS Scheme 2018 provide for issue of equity options up to 15% of the paid-up equity capital to eligible
employees. The total number of options granted under ESOP 2023 as reduced by the options lapsed, surrendered, forfeited or
cancelled shall not exceed 1,00,00,000( 1Crores).

The options granted under ESOS 2018 vest in a graded manner over a three year period, with 33%, 33% and 34% of the grants
vesting in each year, commencing one year from the date of the grant and the same can be exercised within 5 years from the date
of vesting. One Stock option if exercised will be equivalent to one equity share.

During the year ended March 31, 2013, the Board of Directors of the Company approved ESOS Plan -2013 under the existing scheme
ESOS 2007. The plan consist of variations in certain terms with regard to vesting and certain other related matters in ESOS 2007.
The options granted are convertible and one option is equivalent to one equity share each. This plan is applicable to all the new
options granted to eligible employees for the year ended March 31, 2014.

During the year ended March 31, 2015, the Board of Directors of the Company approved ESOS Plan-2014 under the existing scheme
ESOS 2007. The plan consists of variations in certain terms with regard to vesting and certain other related matters in ESOS 2007.
The options granted are convertible and one option is equivalent to one equity share each. This plan is applicable to all the new
options granted to eligible employees for the year ended March 31, 2015.

During the year ended March 31, 2016, the Board of Directors of the Company approved ESOS Plan-2015 under the existing scheme
ESOS 2007. The plan consists of variations in certain terms with regard to vesting and certain other related matters in ESOS 2007.
The options granted are convertible and one option is equivalent to one equity share each. This plan is applicable to all the new
options granted to eligible employees for the year ended March 31, 2016.

The option granted under ESOS Plan -2013 under ESOS Plan-2014 and ESOS Plan-2015 Vesting Criteria for ESOS plan 2013 and 2014
under ESOS Scheme 2007 is in the ratio of 33%, 33% and 34% vesting in each year, commencing one year from the date of grant.
Vesting Criteria for ESOS plan 2015 under ESOS Scheme 2007 is in the ratio of 50%, 25% and 25% vesting in each year, commencing
one year from the date of grant.

The existing options (other than those granted under ESOS plan-2013, ESOS plan-2014 & ESOS plan-2015) would continue to be
governed by the existing terms.

During the year ended March 31, 2025, 20,13,000 (15,13,000 in ESOS 2023 Scheme & 5,00,000 in ESOS 2018 Scheme) Stock
Options were granted (NIL Options granted for the year ended March 31, 2024).

The Board of Directors of the Company have approved the ESOP scheme 2023 on February 02, 2023 and subsequently the
shareholders have approved the same by postal ballot on June 25, 2023.

The options which will be granted under ESOS 2023, vest in a graded manner over a three year period, with 30%, 30% and 40% of
grants vesting in each year, commencing one year from the date of grant. The options which are due for vesting as per schedule
shall vest as per individual performace rating as detailed in table below:

Note on transitioned employees :

Under the employee stock options scheme 2007 - Plan 2013, Plan 2014, Plan 2015 and Scheme 2018 the employees shall be
permitted to exercise until January 17, 2022 any employee stock options that have already been vested on or prior to the Transfer
Date for the employees which are transferred under the Business Transfer Agreement.

In case the employee stock options issued to employee under the employee stock options scheme 2018 are due for vesting on
January 18, 2022, then such options shall stand automatically vested to employee on the Transfer Date (“Accelerated Options”) and
such Accelerated Options may be exercised by employee in the period from January 18, 2022 to April 17, 2022.

The valuation has been prepared as per Black-Scholes model and which takes into consideration the key inputs such as Historical Volatility,
Exercise Price and Expected Dividends Yield. The inputs has been assessed using public market data and documents provided by the
key management of the Company, including the 3i Infotech Employee Stock Option Scheme and historic financial data.

(b) Expense arising from share based payment transactions

Total expenses arising from share based payment transactions recognised in profit or loss as part of employee benefit expense
were as follows:

The management assessed that the fair value of cash and cash equivalent, trade receivables, trade payables, and other current financial
assets and liabilities approximate their carrying amounts largely due to the short term maturities of these instruments.

Financial instruments with fixed and variable interest rates are evaluated by the Company based on parameters such as interest rates
and individual credit worthiness of the counterparty. Accordingly, fair value of such instruments is not materially different from their
carrying amounts.

The fair values for loans, security deposits and investments in preference shares were calculated based on cash flows discounted using
a current lending rate. They are classified as level 3 fair values in the Fair value hierarchy due to the inclusion of unobservable inputs
including counterparty credit risk.

The fair value of “non-current borrowings” are based on discounted cash flows using a current borrowing rate. They are classified as level
3 fair values in the fair value hierarchy due to the use of unobservable inputs, including own credit risk.

In FY 2023-24, the fair values of Preference Shares are based on discounted cash flows method. They are classified as level 3 fair values
in the fair value hierarchy due to the use of unobservable inputs, including own credit risk. For current FY 2024-25 - refer note no 5(a) sub
notes 1 & 2

ii. Fair Value Hierarchy

This section explains the judgments and estimates made in determining the fair values of the financial instruments that are measured
at amortised cost and for which fair values are disclosed in the financial statements. To provide an indication about the reliability of
the inputs used in determining fair value, the Company has classified its financial instruments into three levels prescribed under the
accounting standard. An explanation of each level follows underneath the table:

The Fair value of Preference shares has resulted in a foreign exchange gain/(loss) of ' 20.71 Crores (FY 2023-24'08.53 Crores) and
Interest income on the same amounts to of ' 28.30 Crores (FY 2023-24'27.31 Crores). It has been recognised in the statement of profit
and loss. (refer note no 5a)

The financial instruments are categorised into three levels based on the inputs used to arrive at fair value measurements as
described below:

Level 1 - Level 1 hierarchy includes Quoted (unadjusted) prices in active markets for identical assets or liabilities.

Level 2 - Inputs other than the quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly;
and

Level 3 - If one or more of the significant inputs are not based on observable market data, the instrument is included in level 3. This is the
case for unlisted equity shares included in level 3.

iii. Valuation technique used to determine fair value

Specific Valuation techniques used to value financial instruments include:

- the use of quoted market prices or dealer quotes for similar instruments

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

iv. Valuation processes

The finance department of the Company includes a team that assesses the valuation of financial assets and liabilities required for
financial reporting purposes, including level 3 fair values. Wherever required, valuation reports from Professional Entities are being
considered at frequent intervals.

£41 FINANCIAL RISK MANAGEMENT

The Company is exposed primarily to fluctuations in foreign currency exchange rates, credit, liquidity and interest rate risk, 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 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.

(i) Market Risk

Market risk is the risk that the fair value or the future cash flows of a financial instrument will fluctuate because of the change in
market prices. Such changes in the value of financial instruments may result from changes in the foreign currency exchange,
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.

(a) Foreign currency exchange rate risk

The fluctuation in foreign currency exchange rate may have potential impact on the statement of profit and loss and the other
comprehensive income and equity, where any transaction reference 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 the economic environment in which the Company operates, its operations are subject to risk arising
from fluctuations in exchange rates in those countries. The risks primarily relates to fluctuations in US Dollar, Great Britain Pound, UAE
Dirham and Euro against the functional currency of the Company.

The Company, as per its current risk management policy, does not use any derivatives instruments 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 the foreign exchange rate fluctuation by assessing its exposure to exchange rate risks.
Apart from exposures of foreign currency payables and receivables, which partially are naturally hedged against each other, the
Company does not use any hedging instruments to hedge its foreign currency exposures; in line with the current risk management
policies.

1% appreciation/depreciation of the respective foreign currencies with respect to functional currency of the Company would result
in decrease /increase in the Company 's profit before tax and other equity by approximately ' 11.51 Crores for the year ended March
31, 2024.

(b) Interest rate risk

The Company’s fixed rate borrowings are carried at amortised cost. They are therefore not subject to interest rate risk as defined in
Ind AS 107, since neither the carrying amount nor the future cash flows will fluctuate because of a change in market.

(ii) Credit risk

Credit risk is the risk that the counterparty will not meet its obligations leading to a financial loss. Credit risk arises from cash
and cash equivalents, investments carried at amortised cost and deposits with banks and financial institutions, as well as credit
exposures to customers including outstanding receivables and unbilled revenues.

(1) Credit risk management
- Trade receivables and Unbilled revenues

The credit risk has always been managed by the group through an assessment of the companies financials , market intelligence
and customers credibility.

The Company makes provisions for Debtors and Unbilled based on a critical assessment of the amount in relation to the
ageing combined with the historical trend observed in the respective geography, the past history of the client and comparison
with similar projects to determine the recoverability of the receivables.

As a practical expedient, the Company uses a provision matrix to determine impairment loss allowance on portfolio of its trade
receivables and unbilled revenue. The provision matrix is based on its historically observed default rates over the expected life
of the trade receivables and is adjusted for forward-looking estimates. At every reporting date, the historical observed default
rates are updated and changes in the forward-looking estimates are analyzed.

- Other Financial Assets

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 a default occurring on the asset as at the reporting date with the risk of default
as at the date of initial recognition. It considers available reasonable and supportive forwarding-looking information.

A default on a financial asset is when the counterparty fails to make contractual payments when they fall due. This definition
of default is determined by considering the business environment in which entity operates and other macro-economic factors.
(2) Credit risk exposure

- Trade receivables and Unbilled revenues

The carrying amount of trade receivables and unbilled revenues represents the maximum credit exposure from customers.
The maximum exposure to credit risk from customers is ' 423.19 Crores (March 31, 2024: ' 447.11 Crores). The lifetime expected
credit loss on customer balance for the year ended March 31, 2025 is ' 342.16 Crores (March 31, 2024: ' 349.31 Crores).

EH CAPITAL MANAGEMENT

For the purpose of the Company’s capital management, capital includes issued equity capital, convertible instruments, share premium
and all other equity reserves attributable to the equity holders. The primary objective of the Company’s capital management is to
maximise the shareholder value.

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 capital
plus net debt. The Company includes within debt, interest bearing loans and borrowings, less cash and cash equivalents.

1. Rental expense recorded for short-term leases and low value assets was ' 9.83 Crores for the year ended March 31, 2025 and '
8.22 Crores for the year ended March 31, 2024.

2. In the FY 2024-25, the Company entered into new Right of use arrangement (ROU) with a different lessor in Hyderabad, modified
the terms and conditions in Mumbai and terminated the ROU arrangement in Noida (FY 2023-24 the location for lease termination
were Mahape( Mumbai) and Bangalore).

3. The Company does not face a significant liquidity risk with regard to its lease liabilities as the current assets are sufficient to meet
the obligations related to lease liabilities as and when they fall due.

4. Rental income on assets given on operating lease to subsidiaries was ' NIL (March 31, 2024 ' NIL).

5. The lease payments are discounted using the interest rate implicit in the lease or, if not readily determinable, using the incremental
borrowing rates in the country of domicile of these leases.

EH DETAILS OF BENAMI PROPERTY HELD

The Company do not have any Benami property, where any proceeding has been initiated or pending against the Company for holding
any Benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

ESI WILFUL DEFAULTER

The Company has not been declared as a wilful Defaulter by any Financial Institution or bank as at the date of Standalone Balance Sheet.
ESI RELATIONSHIP WITH STRUCK OFF COMPANIES

The Company has not identified any transactions in any reporting periods with companies whose name is struck off under section 248
of the Companies Act, 2013 or section 560 of Companies Act, 1956.

EH REGISTRATION OF CHARGES OR SATISFACTION WITH REGISTRAR OF COMPANIES (ROC)

The Company has no pending charges or satisfaction which are yet to be registered with the ROC beyond the Statutory period.

E6I COMPLIANCE WITH NUMBER OF LAYERS OF COMPANIES

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

EH COMPLIANCE WITH APPROVED SCHEME(S) OF ARRANGEMENTS

There are no Schemes of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies
Act, 2013.

EH UTILISATION OF BORROWED FUNDS

The Company has used the borrowings from banks for the specific purpose for which it was taken at the standalone balance sheet date.
There are no discrepancy in utilisation of borrowings.

Utilisation of Borrowed funds and share premium:

(A) The Company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind
of funds) to any other person(s) or entity(ies), including foreign entities (Intermediaries).

(B) the Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party).

The Company have not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (intermediaries)
with the understanding that the intermediary shall:

a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company
(Ultimate Beneficiaries); or

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

The Company have 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.

EH SEGMENT INFORMATION

As per Ind AS 108- “Operating Segment”, segment information has been provided under the Notes to Consolidated Financial Statements.

EH ADDITIONAL INFORMATION

(a) Undisclosed income

The Company has no transaction that 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).

(b) Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in Crypto currency or Virtual Currency.

51. Previous year’s figures have been regrouped / rearranged wherever necessary to confirm to the current year’s presentation.

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

For C K S P And Co LLP CA Uttam Prakash Agarwal Dr. Madan Gosavi

Chartered Accountants Non-Executive Chairman and Independent Director Independent Director

F.R.No.: 131228W/W100044 (DIN: 00272983) (DIN:10303662)

CA Dhananajay Jaiswal Raj Kumar Ahuja Varika Rastogi

Partner Acting Chief Executive Officer Company Secretary

M.No.: 187686 (M.No.: F7864)

Vaibhav Somani

Acting Chief Financial Officer

Place: Navi Mumbai Place: Navi Mumbai

Date: May 14, 2025 Date: May 14, 2025