viii) Provisions, Contingent Liabilities and Contingent
assets

Provisions are recognised when there is 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 there is a reliable estimate
of the amount of the obligation. When a provision is
measured using the cash flows estimated to settle the
present obligation, its carrying amount is the present
value of those cash flows (when the effect of the time
value of money is material). The discount rate used
to determine the present value is a pre-tax rate that
reflects current market assessments of the time value
of money and the risks specific to the liability. The
increase in the provision due to the passage of time is
recognised as interest expense.

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 disclosed when there is a
possible asset 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.

ix) Revenue recognition

The Company derives revenue primarily by providing

Enterprise Geospatial & Engineering Services and sale

of software and electricity.

a) Revenue from enterprise geospatial &
engineering services:

Revenue is recognised when control of the
promised goods or services are transferred to
the customer at an amount that reflects the
consideration to which the Company expects
to be entitled in exchange for those goods or
services.

Arrangements with customers are either on a
fixed-price, fixed-timeframe or on a time-and-
material basis. Revenue is recognised based
on performance obligations satisfied from the
contracts; where the performance obligations
are satisfied over time and where there is no
uncertainty as to measurement or collectability,
consideration is recognized as per the
percentage-of-completion method on the basis
of cost incurred. When there is uncertainty as to
measurement or ultimate collectability, revenue
recognition is postponed until such uncertainty
is resolved. Efforts or costs expended have been
used to measure progress towards completion as
there is a direct relationship between input and
productivity. Maintenance revenue is recognized
rateably over the term of the underlying
maintenance arrangement.

Revenues in excess of invoicing are classified
as contract assets (which The Company refer
as unbilled revenue) while invoicing in excess
of revenues are classified as contract liabilities
(which we refer to as unearned revenue).

In determining the transaction price for the sale
of good or rendering of service, the Company
considers the effects of variable consideration
and provisional pricing, taking into account
contractually defined terms of payment and
excluding taxes or duties collected on behalf
of the government. The Company considers
whether there are other promises in the contract
that are separate performance obligations to
which a portion of the transaction price needs to
be allocated.

Contract modifications are accounted for when
additions, deletions or changes are approved
either to the contract scope or contract price.
The accounting for modifications of contracts
involves assessing whether the services added to
an existing contract are distinct and whether the
pricing is at the standalone selling price. Services

added that are not distinct are accounted for on
a cumulative catch up basis, while those that are
distinct are accounted for prospectively, either
as a separate contract, if the additional services
are priced at the standalone selling price, or as a
termination of the existing contract and creation
of a new contract if not priced at the standalone
selling price.

b) Sale of Software Products

Revenue is recognised when control of the
promised goods or services are transferred to
the customer at an amount that reflects the
consideration to which the Company expects
to be entitled in exchange for those goods or
services.

c) Sale of Electricity

Sale of electricity is recognised based on electricity
generated and eligible to be invoiced during the
reporting period.

d) Dividend

Dividend is recognised as income when the
Company's right to receive the dividend is
established by the reporting date.

e) Interest

Interest income from a financial asset is recognised
when it is probable that the economic benefits
will flow to the Company and the amount of
income can be measured reliably. Interest income
is accrued on a time basis, by reference to the
amortised cost and at the effective interest rate
applicable.

Dividend and interest income is included under the
head 'Other income' in the statement of profit and loss.

Contract balances

Contract assets

A contract asset is the right to consideration in exchange
for goods or services transferred to the customer. If the
Company performs by transferring goods or services to
a customer before the customer pays consideration or
before payment is due, a contract asset is recognised
for the earned consideration that is conditional.

Trade receivables

A receivable represents the Company's right to an
amount of consideration that is unconditional. Refer
to accounting policies of financial assets in note no.
2.2 (i) Financial instruments - initial recognition and
subsequent measurement.

Contract liabilities

A contract liability is the obligation to transfer goods
or services to a customer for which the Company has

received consideration (or an amount of consideration
is due) from the customer. If a customer pays
consideration before the Company transfers goods
or services to the customer, a contract liability is
recognised when the payment is made or the payment
is due (whichever is earlier). Contract liabilities are
recognised as revenue when the Company performs
under the contract.

x) Foreign Currency Transactions & Translations

In preparing the financial statements of the Company,
transactions in currencies other than the company's
functional currency viz. Indian Rupee are recognised
at the rates of exchange prevailing at the dates of
the transactions. Foreign exchange gains and losses
resulting from the settlement of such transactions and
from the translation of monetary assets and liabilities
denominated in foreign currencies at year end
exchange rates are recognised in statement of profit
and loss.

Exchange differences on monetary items are recognised
in statement of profit and loss in the period in which
they arise.

In case of an asset, expense or income where a non¬
monetary advance is paid/received, the date of
transaction is the date on which the advance was
initially recognized. If there were multiple payments
or receipts in advance, multiple dates of transactions
are determined for each payment or receipt of advance
consideration.

xi) Taxes on Income

Tax expense for the period, comprising current tax
and deferred tax, are included in the determination
of the net profit or loss for the period. Current tax is
measured at the amount expected to be paid to the
tax authorities in accordance with the Income Tax Act,
1961.

Deferred tax is recognised on temporary differences
between the carrying amounts of assets and
liabilities in the separate financial statements and the
corresponding tax bases used in the computation of
taxable profit. Deferred tax liabilities are generally
recognised for all taxable temporary differences.
Deferred tax assets are generally recognised for all
deductible temporary differences to the extent that
it is probable that taxable profits will be available
against which those deductible temporary differences
can be utilised. Such deferred tax assets and liabilities
are not recognised if the temporary difference arises
from the initial recognition (other than in a business
combination) of assets and liabilities in a transaction
that affects neither the taxable profit nor the accounting
profit.

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

Deferred tax liabilities and assets are measured at the
tax rates that are expected to apply in the period in
which the liability is settled or the asset realised, based
on tax rates (and tax laws) that have been enacted or
substantively enacted by the end of the reporting
period.

Current and deferred tax are recognised in profit
or 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. Where current tax
or deferred tax arises from the initial accounting for a
business combination, the tax effect is included in the
accounting for the business combination.

Current tax assets and current tax liabilities are offset
when there is a legally enforceable right to set off the
recognised amounts and there is an intention to settle
the asset and the liability on a net basis. Deferred
tax assets and deferred tax liabilities are offset when
there is a legally enforceable right to set off assets
against liabilities representing current tax and where
the deferred tax assets and the deferred tax liabilities
relate to taxes on income levied by the same governing
taxation laws.

xii) Cash and Cash Equivalents

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

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

xiii) Deferred Revenue and Unbilled Revenue

Amounts received from customers or billed to
customers, in advance of services performed are
recorded as deferred revenue under Other Current
Liabilities. Unbilled revenue included in Current
Financial Assets, represents amounts recognised in
respect of services performed in accordance with
contract terms, not yet billed to customers as at the
year end.

xiv) Dividend Distribution:

Annual dividend distribution to the shareholders is
recognised as a liability in the period in which the
dividends are approved by the shareholders. Any interim
dividend paid is recognised on approval by Board of
Directors. Dividend payable and corresponding tax on
dividend distribution is recognised directly in other
equity.

xv) Fair value measurement:

The Company measures financial instruments at fair
value at each Balance Sheet date.

Fair value is the price that would be received to sell
an asset or paid to transfer a liability in an orderly
transaction between market participants at the
measurement date. The fair value measurement is
based on the presumption that the transaction to sell
the asset or transfer the liability takes place either:

a) In the principal market for the asset or liability, or

b) In the absence of a principal market, in the most
advantageous market for the asset or liability.

A fair value measurement of a non-financial asset takes
into account a market participant's ability to generate
economic benefits by using the asset in its highest and
best use or by selling it to another market participant
that would use the asset in its highest and best use.

The Company uses valuation techniques that are
appropriate in the circumstances and for which
sufficient data are available to measure fair value,
maximising the use of relevant observable inputs and
minimising the use of unobservable inputs.

All assets and liabilities for which fair value is measured
or disclosed in the financial statements are categorised
within the fair value hierarchy.

b) Critical accounting judgements and key sources of
estimation uncertainties

The preparation of the financial statements in
conformity with Ind AS requires the Management to
make estimates and assumptions considered in the
reported amounts of assets and liabilities (including
contingent liabilities) and the reported income and
expenses during the year. The Management believes
that the estimates used in preparation of the financial
statements are prudent and reasonable. Future results
could differ due to these estimates and the differences
between the actual results and the estimates are
recognised in the periods in which the results are
known / materialise.

(i) Revenue Recognition: The Company uses the
percentage-of-completion method in accounting
for its fixed - price contracts. The use of the
percentage-of-completion method requires
the Company to estimate the efforts or costs
expended to date as a proportion of total efforts
or costs to be expended. Efforts or costs have been
used to measure progress towards completion
as there is direct relationship between input and
productivity. Provisions for estimated losses, if any,
on uncompleted contracts are recorded in their
period in which such losses become probable
based on the expected contract estimates at the
reporting date.

(ii) Expected Credit Loss: The Company
applies Expected Credit Loss (ECL) model for
measurement and recognition of impairment
on financial assets. The Company measures the
ECL associated with its assets based on historical
trend, industry practices and the business
environment in which entity operates or any
other appropriate basis. For trade receivables,

the Company follows 'simplified approach'
for recognition of impairment loss allowance.
As a practical expedient, the Company uses a
provision matrix to determine impairment loss
allowance on portfolio of its trade receivables. The
provision matrix is based on 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 forward-looking estimates are analysed.

(iii) Useful life of Assets:

Depreciation is derived after determining an estimate
of an asset's expected useful life and the expected
residual value at the end of its life. The useful lives and
residual values of Company's assets are determined
by management at the time the asset is acquired
and reviewed periodically, including at each financial
year end. The lives are based on historical experience
with similar assets as well as anticipation of future
events, which may impact their life, such as changes in
technology.

(iv) Defined benefit plans:

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

19.03 During the year, as approved by the shareholders of the Company:

i. The Company allotted 11,01,749 Equity Shares of Face Value of ' 10 each at an issue price of ' 559.90 per equity share (including a
premium of ' 549.90 per Equity Share) which has resulted into increase of paid up Equity Share Capital of ' 110 lakhs and Security
Premium of ' 6,059 lakhs.

ii. The Company allotted 30,96,515 Shares Warrants, convertible into equivalent number of equity shares, at an issue price of ' 559.90
per share warrant, aggregating to ' 17,337 Lakhs, on preferential basis. Against these Shares Warrants 25% of issue price amounting
to ' 4,334 Lakhs has been received.

iii. As on March 31, 2025, out of the above proceeds, the unutilised amount of '10,502 Lakhs is either invested in term deposits or
lying in the current account with the Bank.

19.04 During the year, the Company has granted:

i. 6,50,000 options to an eligible employee of the Company pursuant to the "Ceinsys Employee Stock Incentive Scheme 2024", out
of which, the employee has surrendered 2,50,000 options and hence stand cancelled.

ii. 10,16,970 options to the eligible employees of a foreign subsidiary pursuant to the "Ceinsys Employee Stock Option Plan 2024", out
of which 8,16,970 options stands cancelled since an employee resigned. The vesting of remaining 2,00,000 options to an employee
are subject to achieving the performance parameters by the geospatial operations in that subsidiary company which will be
measured as on July 13, 2025. As per the Management of the Company the probability of achieving this performance parameters
are remote and hence no cost is considered for the same as on March 31,2025.

19.05 Terms and rights attached to Equity Shares:

The Company has only one class of shares referred to as equity shares having a par value of ' 10/- per share. The dividend proposed by
the Board of Directors is subject to the approval of the shareholders in the ensuring annual general meeting. In the event of liquidation
of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the Company, after distribution
of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders. Every holder
of equity share present at a meeting in person or by proxy, is entitled to one vote, and upon a poll each share is entitled to one vote.

19.06 Under "Ceinsys Employee Stock Incentive Scheme 2024" , "Ceinsys Employees Stock Option Plan 2024" , "Ceinsys Employee Stock
Option Scheme, 2022 - Plan 1" and "Ceinsys Employee Stock Option Scheme, 2022 - Plan 2" 28,88,000 options have been approved by
the shareholders and out of this 17,58,000 (as at 31st March 2024, 9,08,000) options have been granted (Refer Note No. 34.06).

Nature and purpose of Reserve
Securities premium

Securities premium is used to record the premium on issue of shares. It shall be utilised in accordance with the provisions of the
Companies Act, 2013.

General Reserve

General Reserve was created out of the profit of the Company. It shall be utilised in accordance with the provisions of the Companies
Act, 2013.

Retained Earnings

Retained Earnings represent the accumulated Profits / (losses) made by the company over the years.

Capital Reserve

The Capital Reserve was created pursuant to the scheme of amalgamation of Allygrow Technology Private Limited. It shall be utilised in
accordance with the provisions of the Companies Act, 2013.

Share Based Payment Reserve

Share based payment reserve is created against "Ceinsys Employee Stock Option Scheme 2022- Plan 1" , "Ceinsys Employee Stock Option
Scheme 2022- Plan 2", "Ceinsys Employee Stock Incentive Scheme 2024 (ESIS) " and "Ceinsys Employees Stock Option Plan 2024 (ESOP)"
will be utilised against exercise of the option by the employees on issuance of the equity shares.

Other Comprehensive Income

Other Comprehensive Income (OCI) represents the amount recognised in other equity consequent to remeasurement of Defined Benefit
Plan.

25.01 The Working Capital facilities from Banks :

(i) ' Nil (March 31,2024 : '8 Lakhs) was secured by the way of Hypothecation of Inventory and Book Debts, also the following properties
are collaterized by simple mortgage : 1) Land & Building on Plot No. 10/5, IT Park of MIDC, South Ambazari Road, Mauza Parsodi,
infront of VNIT Institute, Tal & Dist . Nagpur. 2) Unit No. 414, 4th Floor, Tantia Jogani Indl. Premises Co-Op Soc . Ltd. J. R Boricha
Marg, Sitaram Mill Compound , Lower Parel, Mumbai.3) Continuation of Lien on existing all Term Deposits Offered being Margin
for BG & LC Limit. 4) Various other immovable property owned by Promoters at different locations in India & Personal Guarantees
of Directors. 5) Cash collateral in the form of Fixed Deposit of ' 324 Lakhs.

(ii) ' Nil (March 31,2024 : ' 346 Lakhs) was secured by the way of hypothecation of the Company's Inventory, Book Debts and all the
current assets present and future ranking Pari- passu with other consortium member i.e. Abhyudaya Co-operative Bank Ltd. Apart
from the above the following properties have been collateralised in the form of : 1) Pledge of 13.25 Lakh Shares of the Company
owned by Raghav Infra Developers 2) Immovable property owned by the Company at Nagpur (Leasehold land) and at Lower Parel
(office) and various other immovable property owned by Promoters at different locations in India. 3) Cash collateral in the form
of Fixed Deposit of ' 175 Lakhs. 4) Personal Guarantees of Directors & their relatives & also Corporate Guarantees of Raghav Infra
Developers & Builders Pvt Ltd, SMG Realities Private Limited & SMG Hospitals Private Limited.

(iii) ' 3,066 Lakhs (March 31,2024 : ' Nil ) is secured by the way of Hypothecation of Inventory and Book Debts, also the following
properties are collaterized by simple mortgage : 1) Immovable property owned by Promoters located at Flat No. 501, Fifth Floor
in Hiteshree Height, Plot No. 08, Khare town, Dharampeth, Nagpur. 2) Land & Building on Plot No. 10/5, IT Park of MIDC, South
Ambazari Road, Mauza Parsodi, infront of VNIT Institute, Tal & Dist . Nagpur. 3) Unit No. 414, 4th Floor, Tantia Jogani Indl. Premises
Co-Op Soc . Ltd. J. R Boricha Marg, Sitaram Mill Compound , Lower Parel, Mumbai. 4) Cash collateral in the form of Fixed Deposit
of ' 1,215 Lakhs. 5) Pledge of Equity shares of the Company held by Raghav Infradevelopers & Builders Private Limited (Promoter
Group Company) 6) Personal Guarantee of Director & their relative. This Working Capital Loan carries a interest at the rate of
9.01% p.a.

(iv) ' 473 Lakhs (March 31,2024 : Nil) is secured by the way of Fixed Deposit of ' 492 Lakhs. This Overdraft limit carries a interest at the
rate of 7.6% p.a.

30.06 Transaction price allocated to the remaining performance obligations

The aggregate amount of the transaction price allocated to the performance obligations that are unsatisfied (or partially unsatisfied)
as of March 31,2025 amounts to ' 85,866 Lakhs (March 31,2024 : ' 52,401 Lakhs). The remaining performance obligation are subject to
change and are affected by several factors including terminations, change in scope of contract, periodic revalidations, adjustment for
revenue that has not materialised.

The management of company expects that above 60% to 70% of the unsatisfied performance obligation will be recognised as revenue
during the next reporting period with balance in future reporting periods thereafter.

The above sensitivity analysis are based on change in an assumption while holding all other assumptions constant. In practice, this
is unlikely to occur, and changes in some of the assumptions may be correlated. When calculating the sensitivity of the defined
benefit obligation to significant actuarial assumptions the same method (present value of the defined benefit obligation calculated
with the projected unit credit method at the end of the reporting period) has been applied as when calculating the defined benefit
liability recognised in the balance sheet.

The estimates of future salary increases, considered in actuarial valuation, take account of inflation, seniority, promotion and other
relevant factors, such as supply and demand in the employment market.

34.03: Risk exposures
Investment risk

The present value of the defined benefit plan liability is calculated using a discount rate which is determined by reference to market
yields at the end of the reporting period on government bonds. Plan investment is a qualifying insurance policy with the LIC of India.

Interest risk

A decrease in the bond interest rate will increase the plan liability; however, this will be partially offset by an increase in the return on
the plan's investments.

Longevity risk

The present value of the defined benefit plan liability is calculated by reference to the best estimate of the mortality of plan participants
both during and after their employment. An increase in the life expectancy of the plan participants will increase the plan's liability.

Salary risk

The present value of the defined benefit plan liability is calculated by reference to the future salaries of plan participants. As such, an
increase in the salary of the plan participants will increase the plan's liability.

Gratuity and Leave plans typically expose the Company to actuarial risks such as: investment risk, interest rate risk, longevity risk and
salary risk.

The Company has no legal obligation to settle the deficit in the funded plan (Gratuity) with an immediate contribution or additional one off
contributions. The Company intends to continue to contribute the defined benefit plans in line with the insurer's latest recommendations.

34.04 Details of Asset-Liability Matching Strategy:-

Gratuity benefits liabilities of the company are funded. There are no minimum funding requirements for a Gratuity benefits plan in India
and there is no compulsion on the part of the Company to fully or partially pre-fund the liabilities under the Plan.

The company have outsourced the investment management of the fund to an insurance company. The insurance company in turn
manages these funds as per the mandate provided to them and the asset allocation which is within the permissible limits prescribed
in the insurance regulations. Due to the restrictions in the type of investments that can be held by the fund, it may not be possible to
explicitly follow an asset-liability matching strategy to manage risk actively in a conventional fund.

(ESOP)' was further amended (ESOP) by the Board of directors and subsequently approved by the Shareholders of the Company

by way of special ressolution passed through postal ballot on December 21,2024.

Further, as authorised by the Board of Directors, the Nomination and Remuneration Committee granted following Stock options.

a) 6,50,000 options to an eligible employee of the Company pursuant to the "Ceinsys Employee Stock Incentive Scheme 2024",
out of which, the employee has surrendered 2,50,000 options and hence stand cancelled. ' 1,325 Lakhs charged to statement
of Profit & Loss.

b) 10,16,970 options to the eligible employees of a foreign subsidiary pursuant to the "Ceinsys Employee Stock Option Plan 2024",
out of which 8,16,970 options stands cancelled since an employee resigned. The vesting of remaining 2,00,000 options to
an employee are subject to achieving the performance parameters by the geospatial operations in that subsidiary company
which will be measured as on July 13, 2025. As per the Management of the Company the probability of achieving this
performance parameters are remote and hence no cost is considered for the same as on March 31,2025.

43.02 Fair Valuation techniques used to determine fair value

The following methods and assumptions were used to estimate the fair values:

1 Fair value of cash and cash equivalents, other bank balances, trade receivables (billed & unbilled) , trade payables, current loans,
current borrowings, deposits and other current financial assets and liabilities are approximate at their carrying amounts largely
due to the short-term maturities of these instruments.

2 The fair values of non-current borrowings, non-current Inter Corporate Deposit Given and Margin money are approximate at their
carrying amount due to interest bearing features of these instruments.

43.03 Fair value hierarchy

The Company uses the following hierarchy for determining and disclosing the fair value of financial instruments by valuation techniques:-

Level 1- Quoted prices / published Net Assets Value (unadjusted) in active markets for identical assets or liabilities. It includes fair value of
financial instruments traded in active markets and are based on quoted market prices at the Balance Sheet date and financial instruments
like mutual funds for which Net Assets Value is published by mutual fund operators at the Balance Sheet date.

Level 2- Inputs, other than quoted prices included within level 1, that are observable for the asset or liability, either directly (that is, as
prices) or indirectly (that is, derived from prices). It includes fair value of the financial instruments that are not traded in an active market
(for example, over-the-counter derivatives) is determined by using valuation techniques. These valuation techniques maximise the use
of observable market data where it is available and rely as little as possible on the Company specific estimates. If all significant inputs
required to fair value an instrument are observable then instrument is included in level 2.

Level 3- Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs). If one or more of
the significant inputs is not based on observable market data, the instrument is included in level 3.

Note 44 Financial risk management

The company's activities expose it to market risk, credit risk and liquidity risk. The Company's financial risk management is an integral
part of how to plan and execute its business strategies. The Company's financial risk management policy is set by the Committee of
Board of Directors.

A Market Risk

Market Risk is the risk that the future value of a financial instrument will fluctuate due to moves in the market factors. The value of
a financial instrument may change as a result of changes in the interest rates, foreign currency exchange rates, equity prices and
other market changes that affect market risk sensitive instruments.

The Company manages market risk through a treasury department headed by the CFO, which evaluates and exercises independent
control over the entire process of market risk management and the processes of risk management is also approved by Senior
Management and the Audit Committee.

The most common types of market risks include

- interest rate risk,

- foreign currency risk and

- equity price risk.

(i) Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes
in market interest rates. The Company having non current borrowing in the form of Term Loan . Also, the Company is having
current borrowings in the form of working capital facility. There is a fixed rate of interest in case of Vehicle Loan hence, there
is no interest rate risk associated with these borrowings. The Company is exposed to interest rate risk associated with working
capital facility due to floating rate of interest.

The table below illustrates the impact of a 0.5% increase in interest rates on interest on financial liabilities assuming that the
changes occur at the reporting date and has been calculated based on risk exposure outstanding as of date. The year end
balances are not necessarily representative of the average debt outstanding during the year.

(iii) Equity Price Risk:

The Company's investments in unquoted equity shares are subject to market price risk arising from uncertainties about future
values of the invested securities. The Company's investments in unquoted equity shares other than subsidiaries is very limited
and the same is reviewed and approved by senior management on a regular basis.

B Credit risk

Credit risk arises from the possibility that the counter party may not be able to settle their obligation as agreed. To manage this,
the Company periodically assesses financial reliability of customers and other counter parties, taking into account the financial
condition, current economic trends, and analysis of historical bad debts and ageing of financial assets. Individual risk limits are
periodically reviewed on the basis of such information.

Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor failing to engage in a
repayment plan with the Company. Where loans or receivables have been written off, the Company continues to engage in
enforcement activity to attempt to recover the receivable due. Where recoveries are made in respect of written off are recognised
as income in the statement of profit and loss.

Cash and cash equivalents and deposits: Balances and deposits with banks are subject to low credit risks due to good credit.
Trade and other receivables:

The Company has used practical expedient by computing the expected credit loss allowance for trade receivables based on provision
matrix. The provision matrix taken into account historical credit loss experience and adjusted for forward looking information. The
expected credit loss allowance is based on ageing of the days the receivables are due.

C Liquidity risk

Liquidity Risk refers to insufficiency of funds to meet financial obligations. Liquidity risk management implies maintaining sufficient
cash and marketable securities and the availability of funding through an adequate amount of committed credit facilities to
meet obligations when due. Management monitors rolling forecasts of the Company's liquidity position comprising the undrawn
borrowing facilities and cash and cash equivalents on the basis of expected cash flows.

Note 50: Other Statutory Information

i) There are no balances outstanding on account of any transaction with companies struck off under section 248 of the Companies
Act, 2013 or section 560 of Companies Act, 1956.

ii) The Company does not have any such transaction which is not recorded in the books of account surrendered or disclosed as income
during the year in the tax assessments under the Income-tax act, 1961.

iii) No 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.

iv) The Company is not declared wilful defaulter by any bank or financial institution or other lender.

v) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities
(Intermediaries) with the understanding (whether recorded in writing or otherwise) that the Intermediary shall: (a) Directly or
indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company (Ultimate
Beneficiaries) or (b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

vi) The Company has not received any fund from any person(s) or entity(s), including entities (Funding Party) with the understanding
(whether recorded in writing or otherwise) that the (a) directly or indirectly lend or invest in other persons or entities identified in
any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or (b) Provide any guarantee, security or the
like on behalf of the Ultimate Beneficiaries.

vii) The company has not traded or inveseted in crypto currency or virtual currency during the financial year .

Note 51:

Previous Year's figures have been regrouped / rearranged wherever necessary to make them comparable with those of current year.

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

FOR CHATURVEDI & SHAH LLP Mr. Prashant Kamat

Chartered Accountants (Whole Time Director, Vice Chairman and CEO)

Firm Registration Number : 101720W / W100355 (DIN No. 07212749)

Rupesh Shah CA Kaushik Khona

(Partner) (Managing Director, India Operations)

Membership Number : 117964 (DIN No. 00026597)

CA Samir Sabharwal CS Pooja Karande

Date : May 03, 2025 (Chief Financial Officer) (Company Secretary)

Place : Mumbai (Membership No. A54401)