(t) Provisions, contingent liabilities and
contingent assets

Provisions are recognized in the balance sheet
when the Company has a present obligation (legal
or constructive) as a result of a past event, which
is expected to result in an outflow of resources
embodying economic benefits which can be reliably
estimated. Each provision is based on the best
estimate of the expenditure required to settle the
present obligation at the balance sheet date. Where
the time value of money is material, provisions are
measured on a discounted basis.

Constructive obligation is an obligation that derives
from an entity’s actions where by an established
pattern of past practice, published policies or a
sufficiently specific current statement, the entity has
indicated to other parties that it will accept certain
responsibilities and as a result, the entity has created
a valid expectation on the part of those other parties
that it will discharge such responsibilities.

A provision for onerous contracts is recognized when
the expected benefits to be derived by the Company

from a contract are lower than the unavoidable
cost of meeting its obligations under the contract.
The provision is measured at the present value of
the lower of the expected cost of terminating the
contract and the expected net cost of continuing
with the contract.

A disclosure for contingent liabilities is made where
there is a possible obligation or a present obligation
that may probably not require an outflow of resources
or an obligation for which the future outcome cannot
be ascertained with reasonable certainty. When
there is a possible or a present obligation where
the likelihood of outflow of resources is remote, no
provision or disclosure is made.

Contingent assets are neither recognized nor
disclosed in financial statements.

(u) Earnings per share

Basic earnings per share is computed by dividing
profit or loss for the year attributable to equity
holders by the weighted average number of shares
outstanding during the year. Partly paid-up shares, if
any, are included as fully paid equivalents according
to the fraction paid-up. Diluted earnings per share is
computed using the weighted average number of
shares and dilutive potential shares except where the
result would be anti-dilutive.

(b) Considering the recoverability, amount has been written-off during the current financial year.

(c) During the year, the Company identified and corrected classification errors in prior disclosures. An amount
of ^ 14.00 lakhs, earlier included as investment in LLC Ltd., has been reclassified to investment in CNT Ltd.
Further, a loan of ^ 30.00 lakhs to CNT Ltd., previously disclosed as ^ 22.00 lakhs under investment and
^8.00 lakhs as loan, has now been correctly classified entirely as a loan. These adjustments have been
appropriately reflected in the current year’s financial statements.

(d) The Company had extended loan to its certain subsidiaries and an associate which were inadvertently
classified under "Investments” in earlier years. This classification error was identified during the current
financial year and the balance of the same have been reclassified from "Investments” to "Loans".

a) Inventories are valued at the lower of cost and net realizable value. Cost is determined on a Weighted
Average basis.

During the year, inventories amounting to A 310 lakhs (Previous Year: A Nil) were written off on account of
obsolescence and slow-moving stock. Such write-offs have been charged to the Statement of Profit and
Loss under "Other expenses”.

(b) Loss allowances represents expected credit loss on trade receivables.

(c) No trade or other receivable are due from directors or other officers of the Company either severally or
jointly with any other person. Further, no trade or other receivable are due from firms or private companies
respectively in which any director is a partner, or director or member.

(d) Refer Note 39(c) for details of balances with related parties.

(e) The Company has recognized a provision amounting to A 1,936 lakhs during the current year against
receivables from its foreign subsidiaries. As per the provisions of the Master Direction - Export of Goods
and Services issued by the Reserve Bank of India (RBI), such write-offs of unrealised export bills require
prior approval from the Authorised Dealer (AD) Category - I bank. The Company shall be initiating the
process of obtaining the necessary regulatory approval.

(d) . The Company has one class of equity shares having a par value of ^ 5/- per share. Each shareholder is eligible

for one vote per share held. The dividend proposed by the Board of Directors is subject to the approval of
the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the event
of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after
distribution of all preferential amounts, in proportion to their shareholding.

(e) . The Company has reserved equity shares for issue under the Employee Stock Option Schemes. (refer Note

33 for details of Employee Stock Option Scheme).

(f) . The Company during the preceding 5 years:

(i) . Has not allotted shares pursuant to contracts without payment received in cash.

(ii) . Has not issued shares by way of bonus shares.

(iii) . Has not bought back any shares.

(a) Dividend

Shareholders of the Company approved final dividend
of R 1.50 per fully paid-up equity share aggregating
to R 831 lakhs for the year ended March 31, 2024
which was paid during this financial year.

The Board of Directors of the Company has
recommended in their meeting held on May 30,
2025 dividend of R 1.50 per fully paid-up equity
share aggregating to R 846 lakhs for the year ended
March 31, 2025 which has not been recognized in the
financial statements, and is subject to the approval of
shareholders in the Annual General Meeting.

(b) Nature and purpose of other equity are
given below:

(i) Capital Redemption Reserve

The Capital Redemption Reserve (CRR) is created in
accordance with the provisions of the Companies
Act, 2013, when the Company buys back its own
shares out of free reserves or securities premium. The
amount transferred to the CRR is equivalent to the
nominal value of the shares bought back. This reserve
is maintained to ensure that the Company’s capital
base remains intact and can be utilized only for the
purpose of issuing fully paid bonus shares in future.

(ii) Securities Premium Account

Securities premium reserve is used to record the
premium on issue of shares. The reserve is utilized
during buyback of shares in accordance with the
provision of the Companies Act.

(iii) Stock Options Outstanding

The ESOP Reserve represents the equity-settled
share-based payment expense recognized in
accordance with the applicable accounting
standards. This reserve is created to account for
stock options granted to eligible employees under
the Company’s Employee Stock Option Plan (ESOP).
The reserve reflects the cumulative amount of
employee compensation cost recognized in respect
of outstanding options granted.

(iv) General Reserve

Under the erstwhile Companies Act 1956, a
general reserve was created through an annual
transfer of net profit at a specified percentage in
accordance with applicable regulations. Consequent
to the introduction of the Companies Act, 2013
the requirement to mandatory transfer a specified
percentage of net profit to general reserve has been
withdrawn.

(v) Retained Earnings

Amount of retained earnings represents accumulated
profit and losses of the Company as on reporting
date. Such profits and losses are after adjustment
of payment of dividend, transfer to any reserves as
statutorily required. Actuarial Gain or loss arising out
of actuarial valuation is immediately transferred to
Retained Earnings.

(vi) Actuarial Gain/(Loss) on Defined Benefit
Obligations

Actuarial gain or loss refers to the difference
between the actual outcome of a defined benefit
plan (gratuity) and the expected outcome based on
actuarial assumptions.

(a) Bearing interest rate 9.25% and the tenure of this loan is 36 month including moratorium period of 24

months. Loan to be repaid in 4 quarterly instalments of principal amount starting at the end of quarter

after moratorium period of 24 months which will fully repaid by 15/11/2026. Interest to be serviced as and

when due even during holiday period.

Following securities have been offered to Indian Bank for this term-loan:

i. Registered mortgage of unit no. 406, 4^th Floor, Multi-storeyed Building, Seepz Special Economic Zone,
Marol Industrial Area, Andheri (East), Mumbai - 400096.

ii. Registered mortgage of unit no. 405, 4^th Floor, Multi-storeyed Building, Seepz Special Economic Zone,
Marol Industrial Area, Andheri (East), Mumbai - 400093.

iii. Equitable mortgage of Unit 1 & 2, 5^th floor of Crystal 1 together with 4 car Parking Space at "Globsyn
Crystals", Premises no XI-II & 12, Block-EP, Sector V, Salt lake Electronic Complex, Kolkata - 700091

iv. Unit no 301 and 302, Building no 3, Millenium Business Park, Sector No. 3, Plot no M.B.P/2, TTC,
Industrial Area, Mahape, Navi Mumbai, Raigad - 400701.

v. Unit no 305 and 306, Building no 3, Millenium Business Park, Sector No. 3, Plot no M.B.P/2, TTC,
Industrial Area, Mahape, Navi Mumbai, Raigad - 400701.

vi. Fixed deposit Receipt of % 245 lakhs.

vii. Personal Gurantee of promoter.

(b) Secured by equitable mortgage of vehicles of the Company. Term of the loan is as under:

i. % 160 lakhs term loan brearing interest of 10.75% per annuam repayable in 47 equal monthly
instalment and balance of % 67 lakhs on 01/02/2029. Carrying value as at March 31, 2025 is % 159
lakhs.

ii. % 60 lakhs term loan brearing interest of 8.11% per annuam repayable in 60 equal monthly instalment
completing on 16/02/2026. Carrying value as at March 31, 2025 is % 11 lakhs.

(a) . Following securities have been hypothicated to

Indian Bank:

i. First charge on property Office no. 405 &
406, 4^th Floor, Seepz, SEZ, M I D.C., Marol,
Andheri-East, Mumbai

ii. First charge on property at Unit 1 & 2, 5^th
Floor, Crystal, Sector V, Salt Lake, Kolkata

iii. First charge on property at Unit No. 301,
302 305 & 306 at Building No. 3, Sector 3,
MBP, Mahape, Navi Mumbai

iv. First charge on liquid assets in the form of
Fixed Deposits

v. Pari pasu charge with IndusInd Bank on
movable assets except vehicles

vi. Pari pasu charge with IndusInd Bank on
current assets

vii. Personal guarantee of Promoters

(b) . Following securities have been hypothicated to

IndusInd Bank:

i. First charge on property at Unit No. 003,
004, 007, 307 & 308 at Building No. 3,
Sector 3, MBP, Mahape, Navi Mumbai

ii. First charge on property at 13A, 13^th Floor,
Earnest House, Nariman Point, Mumbai

iii. Pari pasu charge with Indian Bank on
movable assets except vehicles

iv. Pari pasu charge with Indian Bank on
current assets

v. Personal Guarantee of Promoters

(c) . Following securities have been hypothicated to

Bank of Baroda:

i. 1^st Pari-passu Charge by way of
Hypothecation of entire current assets
other than stock & book debts exclusively
charged to Indian Bank both Present and
future.

ii. Exclusive charge by way of Lien on cash
Margin for Bank Gurantee and LC @10% in
form of FDR in name of the Company.

iii. Equitable Mortgage of all that entire piece
and parcel of Unit no. 3, 4, 7, 307 and 308,
Building no. 3, Millenium Business Park,
Sector No. 3, MBP-2, Mahape, Thane

iv. Equitable Mortgage of office premises no
13A, 13^th floor, Earnest House, Nariman
Point, Mumbai - 400021.

v. Personal Gurantee of promoter

(d) . Refer Note 39(c) for balances with related

parties.

(e) . The Company had received an advance of

USD 19.77 lakhs (equivalent ff 1,406 lakhs) in
earlier years from one of its subsidiaries against
services to be rendered in the future. Until the
previous year the advance was classified as
borrowings and the remaining balance as on
March 31, 2025 amounting to USD 4.62 lakhs
(equivalent to ff 395 lakhs) has been netted off
against current receivables.

Trade receivables and contract balances

The Company classifies the right to consideration in
exchange for deliverables as either a receivable or as
unbilled revenue.

A receivable is a right to consideration that is
unconditional upon passage of time. Revenue for
fixed-price maintenance contracts is recognized on
a straight-line basis over the period of the contract.
Revenues in excess of billings is recorded as unbilled
revenue and is classified as a financial asset for these
cases as right to consideration is unconditional upon
passage of time.

Revenue recognition for fixed-price development
contracts is based on the percentage-of-completion
method. Invoicing to the clients is based on milestones
as defined in the contract. This would result in
the timing of revenue recognition being different
from the timing of billing the customers. Unbilled
revenue for fixed-price development contracts is
classified as non-financial asset as the contractual
right to consideration is dependent on completion of
contractual milestones.

Trade receivable and unbilled revenues are presented
net of impairment in the Balance Sheet.

Performance Obligations and Remaining
Performance Obligations

The remaining performance obligation disclosure
provides the aggregate amount of the transaction
price yet to be recognized as at the end of the reporting
period and an explanation as to when the Company
expects to recognize these amounts in revenue.
Applying the practical expedient as given in Ind AS
115, the Company has not disclosed the remaining
performance obligation related disclosures for
contracts where the revenue recognized corresponds
directly with the value to the customer of the entity’s
performance completed to date, typically those
contracts where invoicing is on time-and-material
basis. Remaining performance obligation estimates
are subject to change and are affected by several
factors, including terminations, changes in the scope
of contracts, periodic revalidations, adjustment for
revenue that has not materialized and adjustments
for currency.

The Company participates in various employee
benefit plans. Post-employment benefits are
classified as either defined contribution plans or
defined benefit plans. Under a defined contribution
plan, the Company’s only obligation is to pay a
fixed amount with no obligation to pay further
contributions if the fund does not hold sufficient
assets to pay all employee benefits. The related
actuarial and investment risks fall on the employee.

The expenditure for defined contribution plans is
recognized as expense during the period when the
employee provides service. Under a defined benefit
plan, it is the Company’s obligation to provide agreed
benefits to the employees. The related actuarial and
investment risks fall on the Company. The present
value of the defined benefit obligations is calculated
using the projected unit credit method.

Provident Fund:

Eligible employees of the Company receive benefits
from employee’s provident fund Organization,
which is a defined contribution plan. Both the
eligible employee and the Company make monthly
contributions to the provident fund plan equal to
a specified percentage of the covered employee’s
salary. The remaining portion is contributed to the
government-administered pension fund.

Gratuity:

The Company provides for gratuity, a defined benefit
retirement plan ("the Gratuity Plan”) covering eligible
employees. The Gratuity Plan provides a lump-sum
payment to vested employees at retirement, death,
incapacitation or termination of employment, of an
amount based on the respective employee’s salary
and the tenure of employment with the Company.

Liabilities with regard to the Gratuity Plan are
determined by actuarial valuation, performed by an
independent actuary, at each Balance Sheet date
using the projected unit credit method.

The Company recognizes the net obligation of a
defined benefit plan in its Balance Sheet as an asset or
liability. Gains and losses through re-measurements of
the net defined benefit liability/(asset) are recognized
in other comprehensive income and are not
reclassified to profit or loss in subsequent periods. The
actual return of the portfolio of plan assets, in excess
of the yields computed by applying the discount
rate used to measure the defined benefit obligation
is recognized in other comprehensive income. The
effect of any plan amendments are recognized in net
profit in the Statement of Profit and Loss.

33. EMPLOYEE SHARE-BASED PAYMENT

The Company has formulated employee share-based payment schemes with the objective to reward the
eligible employees of the Company and its its subsidiary companies in India and abroad for their performance
and to motivate them to contribute to the growth and profitability of the Company.

At the 26^th Annual General Meeting held on September 03, 2020, the Members of the Company approved
‘ADSL - Employees Stock Option Plan 2020' ("ADSL ESOP 2020") under which the Company may grant upto
4,000,000 stock options at any time in one or more tranches. Each stock option, when exercised, would be
converted into one fully paid-up equity share of face value of R 5/- each of the Company. Maximum term of
options granted will be 5 years from the date of respective vesting of options.

The ADSL ESOP 2020 is being administered and monitored by the Nomination and Remuneration Committee
of the Board ("the Committee"). The stock option exercise price for each grant would be determine by the
Committee which may be at discount to the market value but shall not be less than the face value of equity
shares of the Company. There is no material change in the terms of the ADSL ESOP 2020 during current or
previous financial year.

The range of exercise prices for stock options outstanding as at March 31, 2025 was A 20 to A 200
(March 31, 2024: A 20 to A 78). The weighted average remaining contractual life for the stock options
outstanding as at March 31, 2025 was 6.28 years (March 31, 2024:4.47 years). The weighted average share
price at the date of exercise was A238.22 per share (March 31, 2024: A 133.64 per share).

As per terms of ADSL ESOP 2020, during the year ended March 31, 2025 the Company has granted 500,000
stock option and the weighted average fair value at grant date of the stock options granted during the year
ended March 31, 2025 was A 153.85. The fair valuation has been carried out by an independent valuer by
applying Black and Scholes Model. The inputs to the model include the exercise price, the term of option, the
share price at grant date and the expected volatility, expected dividends and the risk free rate of interest for
terms of options. The details of options granted during the year ended March 31, 2025, the key assumptions
for fair value on the date of grant are as under:

The expected volatility was determined based on the historical share price volatility over the past period
depending on life of the options granted which is indicative of future periods and which may not necessarily
be the actual outcome.

Effect of Employee Share-Based Payment transactions on profit and loss for the year and
on financial position:

For the year ended March 31, 2025, the Company recognized total expenses of A 52 lakhs (March 31, 2024:
A 153 lakhs) related to equity-settled share based transactions. During the year ended March 31, 2025, the
Company has allotted 1,087,400 (March 31, 2024: 457,325) fully paid-up equity shares of A 5/- each of the
Company on exercise of stock options for which the Company has realized A 388 lakhs (March 31, 2024: A 122
lakhs) as exercise prices.

Dyring the year ended March 31, 2025, the Company has received A 222 lakhs (March 31, 2024: A 136 lakhs)
from its subsidiaries towards share-based payments for grant of stock options to their employees under ADSL
ESOP 2020 which is netted off with employee share-based payments expenses.

34. SEGMENT REPORTING

The Company is primarily engaged in the business of designing, developing, deploying digital solutions and
delivering end-to-end IT infrastructure services. In accordance with Ind AS 108 "Operating Segments”, the
Company has presented segment information on the basis of its consolidated financial statements which
forms a part of this report.

36. FAIR VALUE MEASUREMENT OF FINANCIAL INSTRUMENTS

The estimated fair value of the Company’s financial instruments is based on market prices and valuation
techniques. Valuations are made with the objective to include relevant factors that market participants would
consider in setting a price, and to apply accepted economic and financial methodologies for the pricing
of financial instruments. References for less active markets are carefully reviewed to establish relevant and
comparable data.

(b) Fair Value Hierarchy

Financial assets and financial liabilities measured at fair value in the balance sheet are categorized into three
levels of fair value hierarchy. The three levels are defined based on the observability of significant inputs to the
measurement, as follows:

Level 1: Quoted market prices in active markets for financial instruments.

Level 2: Inputs other than quoted market prices included within Level 1 that are observable for the assets or
liabilities, either directly or indirectly.

Level 3: Unobservable input for the assets or liabilities.

(ii). Since the carrying amount of current financial assets and financial liabilities carried at amortized cost are
reasonable approximation of their fair values, hence fair values disclosure for the same have not been disclosed.

37. FINANCIAL RISK MANAGEMENT

The Company's activities exposes it to various risks such as Market risk, Credit risk and Liquidity risk. This section
explains the risks which the Company is exposed to and how it manages the risks.

(a) Market risk

The Company being engaged in IT Consulting & Software Services does not use any commodity for its business
activities. Consequently, the Company is not exposed to any commodity price risk.

The Company is exposed to foreign exchange fluctuations risks on account of receivables from export of
services to its foreign subsidiary companies.

(b) Liquidity Risk

CRISIL Ratings Limited (“CRISIL Ratings”) has
assigned a long-term rating of 'CRISIL BBB ' (CRISI
triple B) and a short-term rating of 'CRISIL A2' (CRISIL
A Two) to bank facilities. The ratings obtained defines
that the Company’s outlook is 'Stable' against the
earlier rating ‘ACUITE BBB’ (ACUITE triple B) and a
short-term rating of ‘ACUITE A3 ’ (ACUITE A three
plus) to its bank facilities from Acuite Ratings by
Acuite Ratings . The outlook is ‘Stable’.

The Company determines its liquidity requirements
in the short, medium and long term. This is done by
drawing up cash forecast for short and medium term
requirements and strategic financing plans for long
term needs.

The Company manages its liquidity risk in a manner
so as to meet its normal financial obligations without
any significant delay or stress. Such risk is managed
through ensuring operational cash flow while at the
same time maintaining adequate cash and cash
equivalent position. The management has adopted
a policy of managing assets with liquidity in mind
and monitoring future cash flows and liquidity on a
regular basis.

Maturity Analysis

The table below shows the Company's financial
liabilities into relevant maturity groupings based on
their contractual maturities as at March 31, 2025.
The Amount disclosed in the table are the contractual
undiscounted cash flows. Balances due within 12
months equal their carrying balances as the impact
of discounting is not significant.

(c) Credit Risk

Credit risks is the risk of financial loss to the Company if a customer or counterparty to a financial instrument
fails to meet its contractual obligation, and arises principally from the Company's receivables from customers.

The Company has used a practical expedient by computing the expected credit loss allowance for trade
receivables based on a provision matrix. The provision matrix takes into account historical credit loss experience
and adjusted for forward-looking information.

(i) Expected credit losses

The Company recognizes lifetime expected credit losses on trade receivables using a simplified approach,
wherein Company has defined percentage of provision by ‘analyzing historical trend of default relevant based
on the criteria defined above. And such provision percentage determined have been ‘considered to recognize
life time expected credit losses on trade receivables (other than those where default criteria are met).

38. CAPITAL MANAGEMENT

The Company's capital management is intended to create value for shareholders by facilitating the meeting
of long-term and short-term goals of the Company. The Company determines the amount of capital required
based on its annual business plan and also taking consideration into any long-term strategic investment and
expansion plans. The funding needs are met through equity and internal cash generation from operations.

(b) . The Company does not have any transactions or

balance outstanding with a Company struck-off
under section 248 of the Companies Act, 2013
or section 560 of the Companies Act, 1956.

(c) . None of the title deed of the immovable

properties pending for transfer as at current or
previous year end.

(d) . No proceedings have been initiated on or are

pending against the Company for holding
benami property under the Benami Transactions
(Prohibition) Act, 1988 (45 of 1988) and Rules
made thereunder.

(e) . The Company have not been declared willful

defaulter by any bank or financial institution or
government or any government authority.

(f) . The Company has complied with the number

of layers prescribed under the Companies Act,
2013.

(g) . There is no undisclosed income under the

Income Tax Act, 1961 for the year ending March
31, 2025 and March 31, 2024 which needs to
be recorded in the books of account.

(h) . The Company has not traded or invested in

crypto currency or virtual currency during the
current or previous year.

(i) . The borrowings obtained by the Company from

banks and financial institutions have been
applied for the purposes for which such loans
were was taken.

(j) . There are no charges or satisfaction which

are yet to be registered with the Registrar of
Companies beyond the statutory period.

(k) . No funds have been advanced or loaned

or invested (either from borrowed funds or
share premium or any other sources or kind
of funds) by the Company to or in any other
person(s) or entity(is), including foreign entities
("Intermediaries”) with the understanding,
whether recorded in writing or otherwise, that
the Intermediary shall lend or invest in party
identified by or on behalf of the Company
(Ultimate Beneficiaries). The Company has not
received any fund from any party(s) (Funding
Party) with the understanding that the Company
shall whether, directly or indirectly lend or invest
in other persons or entities identified by or on
behalf of the Company ("Ultimate Beneficiaries”)

or provide any guarantee, security or the like on
behalf of the Ultimate Beneficiaries.

(l) . The Company has not entered into any scheme

of arrangement which has an accounting
impact on current or previous financial year.

(m) . The Company has borrowings from banks

secured against current assets. The quarterly
returns/statements of current assets filed by the
Company with the banks were in agreement
with the books of account as on the date of
extraction of details. However, these could not
be reconciled to the reporting dates due to
technical limitations, including the fact that
the reports used for preparing the submitted
statements were generated as on the extraction
date and not the applicable reporting date.

(n) . The Company has not done revaluation of any

of its property, plant and equipment, right-of-
use assets, intangible assets and investment
property during current and previous year.

42. Certain errors with regard to recognition and
classification of certain assets/liabilities in prior
periods were identified during the current financial
year. These errors have been rectified and accounted
in the current financial year. Details of such items are
given below:

(a) . During the earlier years, the Company had

extended a loan to its wholly-owned subsidiary
Allied Digital Inc. which was inadvertently
classified under "Investments.” This classification
error was identified during the current financial
year and the balance of the same have been
reclassified from "Investments” to "Loans". As a
result of this reclassification, a foreign exchange
gain of ^ 5,081 lakhs, pertaining to earlier
periods, has been recognized in the statement
of profit and loss during the current financial
year.

(b) . During the year, the Company restated year

end balances of certain forex monetary items,
as a result of which a foreign exchange loss of
^ 2,048 lakhs, has been recognized in the
current financial year.

(c) . An income of ^ 736 lakhs pertaining to earlier

years, has been recognized in the current
financial year, as the amount classified as
deferred revenue was inadvertently not
accounted for in those years.

(d) . An amount of A 693 lakhs has been adjusted in

the current financial year on account of short/
excess depreciation charged in previous periods,
due to incorrect estimation of the useful life of
certain property, plant & equipment.

(e) . A loss of A 766 lakhs arising from the sale of

a fixed asset in earlier years had remained
unrecognized due to an error. The same has
now been accounted for in the current financial
year upon identification and rectification of the
omission.

The auditor opinion is modified in respect of
these matters.

43. During the year, the Company used two
accounting software in which the audit trail
functionality was not enabled. Consequently, the
requirement for retention of audit trail could not
be ensured. The management is in the process
of evaluating either upgrading the existing
versions or migrating to alternative software, as
feasible, to ensure compliance going forward.

44 Trade receivable, Trade payable, Loans &
Advances balances are subject to confirmation &
reconciliation and difference, if any ascertained
on the basis of reconciliation. In the opinion of
the management, difference, if any will not have
any material impact on the financial statement.

45. In the opinion of the Board and to the best of
their knowledge, value on realization of assets,
other than property, plant & equipment in the
ordinary course of the business, would not be
less than the amount at which they are stated in
the Balance Sheet.

46 The Company does not have any long term
contracts including derivative contracts as at

March 31, 2025 wherein the company is required
to make provision towards any foreseeable losses
(March 31, 2024 - Nil).

47. Due to technical difficulties, there has been a
delay in transferring the amounts required to be
remitted to the Investor Education and Protection
Fund. The management is making every effort
to ensure the remittance is completed at the
earliest possible.

48. In accordance with Paragraph A.2 of the Master
Direction - Export of Goods and Services, the
realization and repatriation of export proceeds
should occur within nine months from the date
of export. However, export receivables amounting
to A 578 lakhs from foreign companies remain
outstanding beyond the prescribed period of
nine months. The Company will initiate and
complete the process of communicating with
the regulator to seek condonation of the delay.

49. 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 not notified any new
standards or amendments to the existing standards
applicable to the Company.

50. EVENTS OCCURRING AFTER THE
BALANCE SHEET DATE

The management has evaluated all the activities of
the Company from balance sheet date to till May 30,
2025, the board meeting date, and has not been
noted any event that required to be adjusted or
disclosed.

As per our report annexed.

For Singhi & Co For Allied Digital Services Limited

Firm Registration No.

302049E

Shweta Singhal Nitin Shah Nehal Shah

Partner Chairman & Managing Whole-TIme Director

Membership No. 414420 Director DIN: 02766841

Place: Mumbai DIN: 00189903

Date: May 30, 2025

Paresh Shah Gopal Tiwari Khyati Shah

Chief Executive Officer Chief Financial Officer Company Secretary

Membership No. A55149 Membership No. A28073