2.15 Provisions

A provision is recognized when the Company has a present
obligation as a result of 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. Provisions are not discounted to their present value if
the effect of time value of money is not material and are determined
based on the best estimate required to settle the obligation at the
reporting date. These estimates are reviewed at each reporting date
and adjusted to reflect the current best estimates.

Where the Company expects some or all of a provision to be
reimbursed, for example under an insurance contract, the
reimbursement is recognized as a separate asset but only when
the reimbursement is virtually certain. The expense relating to any
provision is presented in the statement of profit and loss net of
any reimbursement.

2.16 Onerous contracts

If the Company has a contract that is onerous, the present obligation
under the contract is recognised and measured as a provision.
However, before a separate provision for an onerous contract is
established, the Company recognises any impairment loss that has
occurred on assets dedicated to that contract.

An onerous contract is a contract under which the unavoidable costs
(i.e., the costs that the Company cannot avoid because it has the
contract) of meeting the obligations under the contract exceed the
economic benefits expected to be received under it. The unavoidable
costs under a contract reflect the least net cost of exiting from
the contract, which is the lower of the cost of fulfilling it and any
compensation or penalties arising from failure to fulfil it. The cost
of fulfilling a contract comprises the costs that relate directly to
the contract (i.e., both incremental costs and an allocation of costs
directly related to contract activities).

2.17 Contingent liabilities

A disclosure for a contingent liability is made when there is a
possible obligation or a present obligation that may, but probably
will not, require an outflow of resources. When there is a possible
obligation or a present obligation in respect of which the likelihood
of outflow of resources is remote, no provision or disclosure is
made. The Company does not recognize a contingent liability but
discloses its existence in standalone financial statements.

2.18 Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand and
short-term deposits with an original maturity of three months or
less (that are readily convertible to known amounts of cash and
cash equivalents and subject to an insignificant risk of changes in
value), prepaid cards and funds in transit. However, for the purpose
of the statement of cash flows, in addition to above items, any bank
overdrafts / cash credits that are integral part of the Company's
cash management, are also included as a component of cash and
cash equivalents.

2.19 Segment reporting policies

Identification of segments - Operating segments are reported in a
manner consistent with the internal reporting provided to the Chief
Operating Decision Maker (CODM). Only those business activities

are identified as operating segment for which the operating
results are regularly reviewed by the CODM to make decisions
about resource allocation and performance measurement. For
details Refer Note 40.

Segment accounting policies - The Company prepares its segment
information in conformity with the accounting policies adopted for
preparing and presenting standalone financial statements of the
Company as a whole.

3. Critical accounting estimates and assumptions

The estimates used in the preparation of the standalone financial
statements are continuously evaluated by the Company and are
based on historical experience and various other assumptions and
factors (including expectations of future events), that the Company
believes to be reasonable under the existing circumstances. The
said estimates are based on the facts and events that existed as
at the reporting date, or that occurred after that date but provide
additional evidence about conditions existing as at the reporting
date. Although the Company regularly assesses these estimates,
actual results could differ materially from these estimates - even
if the assumptions underlying such estimates were reasonable
when made, if these results differ from historical experience or
other assumptions do not turn out to be substantially accurate. The
changes in estimates are recognized in the standalone financial
statements in the period in which they become known.

The key assumptions concerning the future and other key sources of
estimation uncertainty at the reporting date, that have a significant
risk of causing a material adjustment to the carrying amounts of
assets and liabilities within the next financial year, are described
below. Actual results could differ from these estimates.

a. Fair value of financial instruments

When the fair values of financial assets and financial liabilities
recorded in the balance sheet cannot be measured based on
quoted prices in active markets, their fair value is measured
using valuation techniques including the present valuation
technique. The inputs to these models are taken from
observable markets where possible, but where this is not
feasible, a degree of judgement is required in establishing
fair values. Judgements include considerations of inputs
such as liquidity risk, credit risk and volatility. Changes in
assumptions about these factors could affect the reported fair
value of financial instruments. For details, Refer Note 44.

b. Taxes

Deferred tax assets are recognized for unused tax losses
to the extent that it is probable that taxable profit will be
available against which the losses can be utilized. Significant
management judgement is required to determine the amount
of deferred tax assets that can be recognized, based upon the
likely timing and the level of future taxable profits together
with future tax planning strategies.

c. Allowance for uncollectible trade receivables and
advances (Refer Note 12)

Trade receivables do not carry any interest and are stated at
their nominal value as reduced by appropriate allowances for
estimated irrecoverable amounts. Estimated irrecoverable
amounts are based on the ageing of the receivable balances
and historical experience. Additionally, a large number of
minor receivables is grouped into homogeneous groups
and assessed for impairment collectively. Individual trade
receivables are written off when management deems them
not to be collectible are provided in Note 12.

d. Defined benefit plans

The costs of post-retirement benefit obligation under the
Gratuity plan are determined using actuarial valuations. 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, mortality rates and future pension increases. 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. For details, Refer Note 35.

e. Business combination

In accounting for business combinations, judgment is required
in identifying whether an identifiable intangible asset is to be
recorded separately from goodwill. Additionally, estimating
the acquisition date fair value of the identifiable assets
acquired (including useful life estimates), liabilities assumed,
and contingent consideration assumed involves management
judgment. These measurements are based on information
available at the acquisition date and are based on expectations
and assumptions that have been deemed reasonable by
management. Changes in these judgments, estimates, and
assumptions can materially affect the results of operations.

Estimates and judgments are continually evaluated. They are
based on historical experience and other factors, including
expectations of future events that may have a financial impact
on the Company and that are believed to be reasonable under
the circumstances.

f. Contingencies

The management judgement of contingencies is based on the
internal assessments and opinion from the consultants for
possible outflow of resources, if any.

New and amended standards

The Company applied for the first-time certain standards
and amendments, which are effective for annual periods
beginning on or after 1 April 2024. The Company has not early
adopted any standard, interpretation or amendment that has
been issued but is not yet effective.

(i) Ind AS 117 Insurance Contracts

The Ministry of Corporate Affairs (MCA) notified the
Ind AS 117, Insurance Contracts, vide notification
dated 12 August 2024, under the Companies (Indian
Accounting Standards) Amendment Rules, 2024, which
is effective from annual reporting periods beginning on
or after 1 April 2024.

Ind AS 117 Insurance Contracts is a comprehensive new
accounting standard for insurance contracts covering
recognition and measurement, presentation and
disclosure. Ind AS 117 replaces Ind AS 104 Insurance
Contracts. Ind AS 117 applies to all types of insurance
contracts, regardless of the type of entities that issue
them as well as to certain guarantees and financial
instruments with discretionary participation features; a
few scope exceptions will apply. Ind AS 117 is based on
a general model, supplemented by:

• A specific adaptation for contracts with direct
participation features (the variable fee approach)

• A simplified approach (the premium allocation
approach) mainly for short-duration contracts

The amendments clarify the distinction between
changes in accounting estimates, changes in accounting

policies and the correction of errors. It has also been
clarified how entities use measurement techniques and
inputs to develop accounting estimates.

The amendments had no impact on the standalone
financial statements.

(ii) Amendments to Ind AS 116 Leases - Lease Liability in
a Sale and Leaseback

The MCA notified the Companies (Indian Accounting
Standards) Second Amendment Rules, 2024, which
amend Ind AS 116, Leases, with respect to Lease
Liability in a Sale and Leaseback.

The amendment specifies the requirements that a
seller-lessee uses in measuring the lease liability
arising in a sale and leaseback transaction, to ensure
the seller-lessee does not recognise any amount of the
gain or loss that relates to the right of use it retains.

The amendment is effective for annual reporting
periods beginning on or after 1 April 2024 and must
be applied retrospectively to sale and leaseback
transactions entered into after the date of initial
application of Ind AS 116.

The amendments had no impact on the standalone
financial statements.

Nature and purpose of reserves

(a) Retained earnings

Retained earnings are the profits/(loss) that the Company has earned/incurred till date, less any transfers to general reserve, dividends or other
distributions paid to shareholders. Retained earnings include re-measurement loss / (gain) on defined benefit plans, net of taxes that will not be
reclassified to Statement of Profit and Loss.

(b) Securities premium

Where the Company issues shares at a premium, whether for cash or otherwise, a sum equal to the aggregate amount of the premium received on
those shares is transferred to "Securities Premium".

The securities premium can be utilised only in accordance with section 52 of the Companies Act 2013.

(c) Share based payment reserve

The share options-based payment reserve is used to recognise the grant date fair value of options issued to employees under Employee
stock option plan.

(d) Capital redemption reserve

As per the Companies Act, 2013, capital redemption reserve is created when the Company purchases its own shares out of the free reserves or
securities premium. A sum equal to nominal value of the shares so purchased is transferred to capital redemption reserve. The reserve is utilised in
accordance with the provision of Section 69 of the Companies Act, 2013.

b) Defined benefit plans: Gratuity scheme

The gratuity plan is governed by the Payment of Gratuity Act, 1972. Under the Act, employees who have completed five years of service are entitled
to specific benefit. The level of benefit provided depends on the member's length of service and salary retirement age. The employee is entitled to
a benefit equivalent to 15 days salary last drawn for each completed year of service with part thereof in excess of six months subject to maximum
limit of INR 20 lakhs. The same is payable on termination of service or retirement or death whichever is earlier.

The present value of the obligation under such defined benefit plan is determined based on an actuarial valuation as at the reporting date using
the projected unit credit method, which recognises each period of service as giving rise to additional unit of employee benefit entitlement and
measures each unit separately to build up the final obligation. The obligations are measured at the present value of the estimated future cash
flows. The discount rate used for determining the present value of the obligation under defined benefit plans is based on the market yields
on Government bonds as at the date of actuarial valuation. Actuarial gains and losses (net of tax) are recognised immediately in the other
comprehensive income (OCI).

This is an unfunded benefit plan for qualifying employees. The scheme provides for a lump sum payment to vested employees at retirement, death
while in employment or on termination of employment. Vesting occurs upon completion of five years of service.

36 Commitments and Contingent liabilities
Financial guarantees

The Company has issued a corporate guarantee of INR Nil (March 31,2024 : 55.0) on behalf of Freshbus Private Limited, in favour of Tata Capital Financial
Services Limited. This guarantee is designed to secure outstanding amounts related to the lease of buses.

Commitments

The Company has made estimated commitment of INR 735.91 (March 31, 2024 : 933.37).

37 The Company has established a comprehensive system of maintenance of information and documents as required by the transfer pricing legislation
under Sections 92-92F of the Income-tax Act, 1961. Since the law requires such information and documentation to be contemporaneous in nature, the
Company is in the process of updating the documentation of international transactions with the associated enterprises during the financial year and
expects such records to be in existence latest by the due date of filing the return of income. The management is of the opinion that its international
transactions with the associated enterprises are at arm's length so that the aforesaid legislation will not have any impact on these standalone financial
statements, particularly on the amount of tax expense and that of provision for taxation.

40 Segment Information

The Company publishes standalone financial statements 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.

41 Share based payments

(a) Description of share based payment arrangements

On 1 October 2009, 30 August 2012, 27 May 2013, 20 December 2016, 12 May 2016, 1 July 2020, 09 April 2021,22 December 2023 and 8 March 2025,
the Board of Directors approved the Employees Stock Option Scheme 2009, 2012, 2013, 2016(A), 2016(B), 2020, 2021(A), 2024 & 2025 respectively.
These options are granted to eligible employees of the Company determined by ESOP Remuneration Committee and are convertible into equivalent
number of equity shares of Rs. 1 each for ESOP Scheme 2009, 2012, 2013, 2016(A), 2020, 2021(A), 2024 and 2025 and Rs. 10 each for ESOP
Scheme 2016(B) for the Company as per the terms of the plan. Upon vesting, the employees can acquire one common equity share of the Company
for every option.

For all ESOP Schemes, options will be available for vesting upon successful completion of service during the vesting period.

Vesting conditions

For ESOP Scheme 2009, 2012, 2013, 2016(A), 2020, 2021 (A) and 2024 options shall vest on graded basis and can be exercised within 60 months
from the date of vesting in respect of the relevant vested tranche or within one year from the date of termination of employment post vesting,
whichever is earlier.

For ESOP Scheme 2016(B), options shall vest on graded basis and can be exercised any time during the 10 years period from the respective vesting date.

The vesting pattern and contractual life of options are given below:

Adjustment of outstanding options and exercise price consequent to issue of Bonus shares:

The shareholders of the Company at the extraordinary general meeting held on August 05, 2021, had granted the approval to issue equity shares of
the Company of the face value of Rs. 1 each (hereinafter referred to as the "Bonus Shares") to the members of the Company, in the proportion of 399
(Three Hundred Ninety Nine) Equity Shares for every 1 (One) Equity Share held by them on the record date. The shareholders had further authorised
the board of directors of the Company (the "Board") to determine appropriate adjustments for the allotment of Bonus Shares as aforesaid, to the
outstanding options granted to the employees of the Company under the prevailing employee stock option schemes of the Company such that
the exercise price for all outstanding options as on the record date shall be proportionately adjusted and the number of options granted but not

41 Share based payments (Contd..)

exercised as on 'record date' shall be appropriately adjusted. In compliance with the approval granted by the shareholders for making appropriate
adjustments for the Bonus Issue to the outstanding options granted but not exercised under the prevailing employee stock option schemes of the
Company, the Board had granted the approval on August 24, 2021, revising the total number of options granted but not exercised from 1 to 400
and the Exercise Price for all the revised number of Options shall be accordingly adjusted to Rs. 1.25 and Rs. 0.50 as the case may be. The values in
following tables has been adjusted to take impact of this revision:

41 Share based payments (Contd..)

(e) Modification during the year ended March 31, 2022:

On May 1, 2021, the Company made the following changes in the ESOP Plan 2009, 2012, 2013, 2016(A) and 2020:

- The Vesting period of ESOP were changed to 25% per year over a period of 4 years as against 10%, 20%, 30% and 40%. In case of partially
vested ESOP, the balance unvested options shall vest equally over the remaining vesting period.

- The Exercise period of ESOP was increased to 5 years from the date of vesting or 1 year from the date of leaving, whichever is earlier.

- The Exercise Price of ESOP was reduced to Rs. 500 (Rs. 1.25 Post Bonus Issue adjustment)

The incremental fair value together with the original grant date fair value of options will be recognised as an expense over the remaining vesting
period ( except for the options which have vested before the modification date for which expense was recognised immediately). The fair value of
modified options was determined using the same models & principals as described above with the following inputs:

42 Capital Management

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

The Company manages its capital structure and makes adjustments to it, in light of changes in economic conditions. To maintain or adjust the capital
structure, the Company may adjust 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 net debt, interest bearing borrowings, trade and other payables, less cash and
cash equivalents, other bank balances and liquid investment.

44 Fair value hierarchy

This section explains the judgments and estimates made in determining the fair values of the financial instruments that are:

(a) recognized and measured at fair value and

(b) measured at amortized 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 the
three levels prescribed under the accounting standard.

All financial instruments for which fair value is recognised or disclosed are categorised within the fair value hierarchy, described as follows, based on the
lowest level input that is significant to the fair value measurement as a whole.

Level 1: This level of hierarchy includes financial assets that are measured by reference to quoted (unadjusted) prices in active markets for identical assets
or liabilities.

Level 2: This level of hierarchy includes financial assets that are measured using inputs, other than quoted prices included within level 1, that are
observable for such items, directly or indirectly.

Level 3: This level of hierarchy includes items measured using a valuation model based on assumptions that are neither supported by prices from
observable current market transactions in the same instruments nor based on available market data.

There are no transfer between levels during the year ended March 31, 2024.

Specific valuation techniques used to value financial instruments include:

a) the use of quoted market prices for similar instruments.

b) the fair value of the remaining financial instruments is determined using discounted Cash flow analysis.

45 Financial risk management objectives and policies

The Company's activities are exposed to variety of financial risk; credit risk, liquidity risk and foreign currency risk. The Company's senior management
oversees the management of these risks. The Company's senior management ensures that the Company's financial risk activities are governed by
appropriate policies and procedures and that financial risks are identified, measured and managed in accordance with the Company's policies and risk
objectives. The Company reviews and agrees on policies for managing each of these risks which are summarized below :

a) Credit risk

Credit risk is the risk that a counter party will not meet its obligations under a financial instrument or customer contract, leading to a financial loss.
The Company is exposed to credit risk from its operating activities (primarily trade receivables and advance to suppliers), including deposits with
banks and financial institutions, foreign exchange transactions and other financial instruments.

(i) Trade receivables

Trade receivables are typically unsecured. Credit risk is managed by the Company through credit approvals, establishing credit limits and
continuously monitoring the creditworthiness of customers to which the Company grants credit terms in the normal course of business.

45 Financial risk management objectives and policies (Contd..)
b) Liquidity risk

Liquidity risk is the risk that the Company may not be able to meet its present and future cash and collateral obligations without incurring
unacceptable losses. The Company's objective is to, at all times maintain optimum levels of liquidity to meet its cash and collateral requirements.
The Company closely monitors its liquidity position and deploys a robust cash management system. It maintains adequate sources of financing
including loans from banks at an optimised cost.

c) Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk
comprises three types of risk: interest rate risk, currency risk and other price risk, such as equity price risk and commodity risk. Financial instruments
affected by market risk include advances and deposits.

(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's exposure to the risk of changes in market interest rates relates to the Company's Bank Overdraft facility with floating
interest rates.

46 Business combinations

A) Acquisition during the year ended March 31, 2021

(a) Acquisition of Confirm Ticket Online Solutions Private Limited

The Company executed a Share Purchase Agreement with shareholders of Confirm Ticket Online Solutions Private Limited (the ""CTPL"") for
acquisition of 50.1% stake in CTPL as on January 31, 2021, in exchange for payment of approximately INR 179 and Non compete fee of INR 60.
The Company recorded transferred identifiable assets (tangible and intangible) basis fair valuation. Consequent to this business acquisition,
CTPL results were consolidated effective February 17, 2021. Financial statements as at January 31, 2021 were considered for this purpose as
convenience adjusted with impact of seventeen days.

During the year ended March 31, 2022, the Company paid INR 60 as non-compete fee and issued shares amounting to INR 372.98 (basis fair
valuation) resulting in CTPL being 83.68% subsidiary as at March 31, 2022. Further, the Company has recorded derivative assets as at March
31, 2022 of INR 8.45.

During the year ended March 31, 2023, the Company paid INR 240.47 through banking channels resulting in CTPL becoming 90.08%
subsidiary as at March 31, 2023. Further, the Company has recorded derivative expenses for the year ended March 31, 2023 of INR 3.65.

During the year ended March 31,2024, the Company had acquired remaining 9.92% stake in CTPL for consideration amounting to INR 328.64.
Further, the Company has recorded derivative expenses for the year ended March 31, 2024 of INR 4.80.

(h) Amalgamation of Confirm Ticket Online Solutions Private Limited with the Company :

The Board of Directors of the Company at their meeting held on April 24, 2023 have considered and approved the Scheme of Amalgamation
of Confirm Ticket Online Solutions Private Limited ("Transferor Company") with Le Travenues Technology Limited ("Transferee Company").
Further, the Company has received consent from the Equity share holders, Secured Creditors, and unsecured creditors. Post receiving these
approvals the Company had filed the application on June 15, 2023 with the Hon'ble NCLT for the approval of the Scheme.

Pursuant to an application filed with National Company Law Tribunal ("NCLT"), the Hon'ble Principal Bench of the NCLT at Chandigarh vide
its Order dated January 16, 2024 had approved the Scheme of Amalgamation ('Scheme') between the Parent Company, Confirm Ticket Online
Solutions Private Limited ('Transferor Company/ CTPL') and their respective shareholders and creditors, under Sections 230 to 232 and other
applicable provisions, if any, of the Companies Act, 2013 and the rules and regulations framed thereunder, effective from the appointed
date of April 1, 2023. With effect from the appointed date and upon the Scheme becoming effective, entire business of Transferor Company
including its assets, properties, rights, benefits, interests and liabilities has been transferred to and vested in the Parent Company, as a going
concern. Accounting for this scheme of amalgamation has been done as per ""Pooling of interest method"" as specified in accordance with
Appendix C of ""Business Combination of entitles under common control"" of Indian Accounting Standards (Ind AS 103).

The acquisition of CTPL shall enhance overall operational effectiveness by leveraging purchasing and procurement economies of scale, as well
as achieving efficiency gains through streamlining general and administrative functions, thereby eliminating redundancies.

Pursuant to this amalgamation, the unamortised deferred tax liability on intangibles amounting to INR 20.36 as at April 01, 2023, created
during acquisition has been reversed in consolidated statement of profit and loss. Further the Parent Company had brought forward losses as
on March 31,2023, for which the Parent Company has reasonable certainty that it shall be able to utilise the benefit of its unused tax losses and
unabsorbed depreciation against the future taxable profit of CTPL and accordingly has recognised deferred tax assets amounting to INR 96.66.

As part of the Scheme of Amalgamation, the Company has allotted 6,409 fully paid 0.01% redeemable non-cumulative preference shares
having face value of Rs. 10 per share to the shareholders of the Transferor Company. Subsequent to the issuance of fully paid 0.01%
redeemable non-cumulative preference shares, the Board of Directors approve the buyback of 0.01% redeemable non-cumulative preference
shares. Total cash outflow on account of buyback was INR 398.03 (including tax of INR 75.21) and Securities Premium account has been
utilized to the extent of INR 398.03. Further, the nominal value of shares bought back of INR 0.06 which represent nominal value of 0.01%
redeemable non-cumulative preference shares has been transferred from the retained earnings to the capital redemption reserve as per
requirement of Companies Act, 2013.

In accordance with the scheme of amalgamation, the authorised share capital of the Transferor Company has merged and combined with the
authorised share capital of the Company.

48 Initial Public Offer, its utilisation and related expenses : (Contd..)

Out of the net proceeds of INR 1,126.71 which were un-utilised as at March 31, 2025, were partly temporarily invested in fixed deposits with scheduled
commercial banks and partly kept in public offer account.

For the year ended March 31,2024, the Company had incurred an expenditure of INR 49.90 towards the proposed initial public offer (IPO).

The amount recoverable from selling shareholder had been recorded under Other Financial assets as at March 31,2024 INR 41.81 and remaining amount
of INR 8.09 was carried forward as prepaid expense which is to be set off with securities premium in accordance with requirement of Section 52 of the
Companies Act, 2013.

49 Previous year figures have been regrouped in line with current year presentation.

50 As per the Ministry of Corporate Affairs (MCA) notification, proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014, for the financial year
commencing April 1,2023, every Company which uses accounting software for maintaining its books of account, shall use only such accounting software
which has a feature of recording audit trail of each and every transaction, creating an edit log of each change made in the books of account along with the
date when such changes were made and ensuring that the audit trail cannot be disabled.

The Company has used its books of account which has a feature of recording audit trail (edit log) facility and the same has operated during the year for
all relevant transactions recorded in the software. The Company has used certain subsystem for maintaining its books of account which has a feature of
recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the software. Except that
audit trail feature is not enabled for direct changes to data when made using certain access rights at the database level insofar as it relates to software
and subsystem.

Additionally, the audit trail of prior year has been preserved by the Company as per the statutory requirements for record retention to the extent it was
enabled and recorded in the respective years.

51 Other Statutory Information

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

(ii) The Company has balance with the below-mentioned companies struck off under section 248 of Companies Act, 2013 or section 560 of
Companies Act, 1956.

(iii) The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.

(iv) The Company have not traded or invested in Crypto currency or Virtual Currency during the period.

(v) 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.

(vi) 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.

51 Other Statutory Information (Contd..)

(vii) The Company have not any such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income
during the period 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).

(viii) Quarterly returns and monthly statements filed by the Company with the banks in connection with the working capital limit sanctioned are in
agreement with the books of accounts.

(ix) The Company has not been declared wilful defaulter by any bank or financial institution or other lender.

The Company has issued a corporate guarantee of INR Nil (March 31,2024 : 55.0) on behalf of Freshbus Private Limited, in favour of Tata Capital Financial
Services Limited. This guarantee is designed to secure outstanding amounts related to the lease of buses.

53 Absolute amounts less than Rs. 5,000 are appearing in the financial statements as "0.00" due to presentation in millions.

As per our report of even date

For S.R. Batliboi & Associates LLP For and on behalf of the Board of Directors of
Chartered Accountants Le Travenues Technology Limited

ICAI firm registration number: CIN - L63000HR2006PLC071540

101049W/E300004

Sd/- Sd/- Sd/- Sd/- Sd/-

per Amit Virmani Aloke Bajpai Rajnish Kumar Saurabh Devendra Singh Suresh Kumar Bhutani

Partner Chairman, Managing Director & Group Co-CEO Group Chief Financial Officer Group General Counsel,

Director & Group CEO Company Secretary and

Membership No.: 504649 DIN : 00119037 DIN : 02834454 Compliance Officer

Place: New Delhi Place: Gurugram Place: Spain Place: Gurugram Place: Mumbai

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