m. Provisions (other than employee benefits)

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is
probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable
estimate can be made of the amount of the obligation. Expected future operating losses are not provided for.

Where the Company expects some or all of the expenditure required to settle a provision will be reimbursed by another party,
the reimbursement is recognised when, and only when, it is virtually certain that reimbursement will be received if the entity
settles the obligation. The reimbursement is treated as a separate asset.

Provisions are determined by discounting the expected future cash flows at a pre-tax rate that reflects current market
assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as
finance cost.

Warranties

A provision for warranties is recognised when the underlying products are sold, based on historical warranty data and a
weighting of possible outcomes against their associated probabilities.

n. Leases

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

i. As a lessee

At commencement or on modification of a contract that contains a lease component, the Company allocates the consideration
in the contract to each lease component on the basis of its relative stand-alone prices. However, for the leases of property
the Company has elected not to separate non-lease components and account for the lease and non-lease components as a
single lease component.

The Company recognised a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is
initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at
or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove
the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received.

The right-of-use asset is subsequently amortised using the straight-line method from the commencement date to the earlier
of the end of the useful life of the right-of-use asset or the end of the lease term, unless the lease transfers ownership of the
underlying asset to the Company by the end of the lease term or the cost of the right-of-use asset reflects that the Company
will exercise a purchase option. In that case the right-of-use asset will be amortised over the useful life of the underlying
asset, which is determined on the same basis as those of property and equipment. In addition, the right-of-use asset is
periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability.

The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement
date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Company's
incremental borrowing rate. Generally, the Company uses its incremental borrowing rate as the discount rate.

The Company determines its incremental borrowing rate by obtaining interest rates from various external financing sources
and makes certain adjustments to reflect the terms of the lease and type of the asset leased.

Lease payments included in the measurement of the lease liability comprise the following:

• fixed payments, including in-substance fixed payments;

• variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the
commencement date;

• amounts expected to be payable under a residual value guarantee; and

• the exercise price under a purchase option that the Company is reasonably certain to exercise, lease payments in an optional
renewal period if the Company is reasonably certain to exercise an extension option, and penalties for early termination of a
lease unless the Company is reasonably certain not to terminate early.

The lease liability is measured at amortised cost using the effective interest method. It is remeasured when there is a change in
future lease payments arising from a change in an index or rate, if there is a change in the Company's estimate of the amount
expected to be payable under a residual value guarantee, if the Company changes its assessment of whether it will exercise a
purchase, extension or termination option or if there is a revised in-substance fixed lease payment.

When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-
use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.

Short-term leases and leases of low-value assets

The Company has elected not to recognise right-of-use assets and lease liabilities for leases of low-value assets and short-term
leases. The Company recognised the lease payments associated with these leases as an expense in profit or loss on a straight¬
line basis over the lease term.

ii. As a lessor

At inception or on modification of a contract that contains a lease component, the Company allocates the consideration in the
contract to each lease component on the basis of their relative stand-alone prices.

When the Company acts as a lessor, it determines at lease inception whether each lease is a finance lease or an operating lease.

To classify each lease, the Company makes an overall assessment of whether the lease transfers substantially all of the risks
and rewards incidental to ownership of the underlying asset. If this is the case, then the lease is a finance lease; if not, then it
is an operating lease. As part of this assessment, the Company considers certain indicators such as whether the lease is for the
major part of the economic life of the asset.

When the Company is an intermediate lessor, it accounts for its interests in the head lease and the sub-lease separately. It
assesses the lease classification of a sub-lease with reference to the right-of-use asset arising from the head lease, not with
reference to the underlying asset. If a head lease is a short-term lease to which the Company applies the exemption described
above, then it classifies the sub-lease as an operating lease.

If an arrangement contains lease and non-lease components, then the Company applies Ind AS 115 to allocate the consideration
in the contract.

The Company applies the derecognition and impairment requirements in Ind AS 109 to the net investment in the lease. The
Company further regularly reviews estimated unguaranteed residual values used in calculating the gross investment in the
lease.

The Company recognised lease payments received under operating leases as income on a straight-line basis over the lease
term as part of 'other income'.

o. Borrowing costs

Borrowing costs are interest and other costs (including exchange differences relating to foreign currency borrowings to
the extent that they are regarded as an adjustment to interest costs) incurred in connection with the borrowing of funds.
Borrowing costs directly attributable to acquisition or construction of an asset which necessarily take a substantial period of
time to get ready for their intended use are recognised as part of the cost of that asset. Other borrowing costs are recognised
as an expense in the period in which they are incurred.

p. Contingent liabilities

Contingent liability is a possible obligation arising from past events and whose existence will be confirmed only by the occurrence
or non-occurrence of one or more uncertain future events not wholly within the control of the entity or a present obligation
that arises from past events but is not recognised because it is not probable that an outflow of resources embodying economic
benefits will be required to settle the obligation or the amount of the obligation cannot be measured with sufficient reliability.
The Company does not recognise a contingent liability but discloses its existence in the standalone financial statements.

Provisions and contingent liabilities are reviewed at each standalone balance sheet date.

q. Assets held for sale

Non-current assets (or disposal groups) are classified as held for sale if their carrying amount will be recovered principally
through a sale transaction rather than through continuing use and a sale is considered highly probable. They are measured at
the lower of their carrying amount and fair value less costs to sell, except for assets such as deferred tax assets, assets arising
from employee benefits, financial assets and contractual rights under insurance contracts, which are specifically exempt from
this requirement. Property, plant and equipment and intangible are not depreciated, or amortised assets once classified as
held for sale. Assets and liabilities classified as held for sale are presented separately from other items in the balance sheet.

r. Earnings per share

i. Basic Earnings Per Share

Basic earnings per share is calculated by dividing the profit (or loss) attributable to the owners of the Company by the weighted
average number of equity shares outstanding during the year. The weighted average number of equity shares outstanding
during the year is adjusted for bonus issue, bonus element in a rights issue to existing shareholders, share split and reverse
share split (consolidation of shares).

ii. Diluted Earnings Per Share

Diluted earnings per share is computed by dividing the profit (considered in determination of basic earnings per share) after
considering the effect of interest and other financing costs or income (net of attributable taxes) associated with dilutive
potential equity shares by the weighted average number of equity shares considered for deriving basic earnings per share
adjusted for the weighted average number of equity shares that would have been issued upon conversion of all dilutive
potential equity shares.

s. Investment in subsidiaries

Investment in subsidiaries (under Ind AS 27) are carried at cost, less any impairment in the value of investment, in these
standalone financial statements.

t. Segment reporting

Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision
maker. The chief operating decision maker is considered to be the Chairman and Managing Director and Executive Director who
makes strategic decisions and is responsible for allocating resources and assessing performance of the operating segments.

u. Cash and cash equivalents

Cash and cash equivalents comprises of cash at banks and 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.

v. Dividend distribution

Dividends paid are recognised in the period in which the interim dividends are approved by the Board of Directors of the
Company, or in respect of the final dividend when approved by shareholders of the Company.

w. Recent pronouncements

The Ministry of Corporate Affairs (MCA) amended the Companies (Indian Accounting Standards) Rules, 2015, through a
notification dated May 7, 2025, introducing changes to Ind AS 21 - The Effects of Changes in Foreign Exchange Rates, effective
from April 1, 2025. These amendments provide guidance on assessing whether a currency is exchangeable into another
currency and on estimating the spot exchange rate when a currency is not exchangeable.

The Company has considered these amendments and believe that there is no material impact on the standalone financial
statements.

The management has determined that the investment properties consist of two classes of assets residential and commercial based on
the nature, characteristics and risks of each property.

The fair value of the investment property as on 31 March 2025 is ' 3,825.68 lakhs (31 March 2024 ' 3,521.50 lakhs) (excluding market
value pertaining to property categorised as held for sale). The fair value has been determined on the basis of valuation carried out at
the reporting date by the registered valuer as defined under Rule 2 of the Companies (Registered Valuers and Valuation) Rules, 2017.
A valuation model in accordance with Ind AS 113 has been applied. The valuation has been determined basis the market approach by
reference to sales in the market of comparable properties. However, where such information is not available, current prices in an active
market for properties of similar nature or recent prices of similar properties in less active markets, adjusted to reflect those differences,
has been considered to determine the valuation. All resulting fair value estimates for investment properties are included in Level II. The
registered valuer is independent of the Company and has relevant professional experience

Notes:-

(i) Receivables due from related parties was ^ 843.98 lakhs as at March 31, 2025 ( ^ 284.45 lakhs as at March 31, 2024). Refer
Note 33 for details.

(ii) The Company has availed working capital facilities which are secured by first pari passu charge on entire book debts. Refer
Note 15 for details.

(iii) Information about the Company's exposure to credit risk, market risks, fair value measurement and impairment losses is
included in Note 31.

d) During the financial year 2019-20 pursuant to the provisions of Sections 68, 69, 70 and all other applicable provisions of the
Companies Act, 2013, the provisions of the SEBI (Buy Back of Securities) Regulations, 2018, Article 62 of the Articles of As¬
sociation of the Company and pursuant to the resolutions passed by the Board of Directors of the Company at their meeting
held on May 16, 2019, the Company had bought back 3,839,804 equity shares of R 2 each in electronic form.

e) During the financial year 2021-22, the Qualified Institutions Placement Committee ("QIP Committee") in its meeting held on
September 24, 2021 approved the allotment of 5,600,000 Equity Shares of face value of R 2 each to eligible qualified institu¬
tional buyers at the issue price of R 242 per Equity Shares (including a premium of R 240 per Equity Share) against the Floor
Price of R 254.55 per Equity Shares, aggregating to R 13,552.00 lakhs pursuant to the issue in accordance with the SEBI ICDR
Regulations, 2018.

f) Rights, preferences and restrictions attached to equity shares

The Company has only one class of shares referred to as equity shares having a par value of R 2/-. Each holder of equity shares
is entitled to one vote per share. In the event of liquidation of the Company, the holders of equity shares will be entitled to
receive the remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in pro¬
portion to the number of equity shares held by the shareholders. The equity shareholders are entitled to receive dividend as
declared from time to time.

Nature and purpose of reserves and surplus

a) General reserve

General reserve are free reserves of the Company which are kept aside out of the Company's profit to meet the future require¬
ments as and when they arise.

b) Capital redemption reserve

In accordance with Section 69 of the Companies Act, 2013, the Company created a capital redemption reserve equal to the
nominal value of the shares bought back as an appropriation from the general reserve.

c) Securities premium

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

d) Treasury Shares

Own equity instruments that are reacquired (treasury shares) are recognised at cost and deducted from equity and presented
as treasury shares. The Company holds 82,356 (73,791 as at March 31, 2024) number of its shares.

e) Share options outstanding reserve

The share option outstanding account is used to record value of equity-settled share based payment transactions with
employees. The amount recorded in this account are transferred to retained earnings upon exercise of stock options by
employees.

f) ESOP trust reserve

ESOP trust reserve comprises of Net Loss booked on allocation of ESOP shares to employees of the group.

g) Retained earnings

Retained earnings comprises of accumulated balance of profits/(losses) of current and prior years including transfers made to
/ from other reserves from time to time. The reserve can be utilised or distributed by the Company in accordance with the
provisions of the Companies Act, 2013.

h) Dividends

The following dividends were declared and paid by the Company during the year.