(r) Provisions and contingent liabilities

Provisions are recognised when the Company has
a present obligation 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.

A disclosure for contingent liabilities is made 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 embodying economic
benefits will be required to settle or a reliable estimate
of the amount cannot be made.

(s) Business combination

Business combination involving entities or businesses
under common control are accounted for using
the pooling of interest method whereby the assets
and liabilities of the combining entities / business
are reflected at their carrying value and necessary
adjustments , if any, have been given effect to as per
the scheme approved by National Company Law
Tribunal, as applicable.

(t) Regulatory deferral account balances

The Company is a rate regulated entity and follows
Ind AS 114, Regulatory Deferral Accounts. Expenses/
Income are recognized as Regulatory Income/
Expenses in the Statement of Profit and Loss to the
extent recoverable or payable in subsequent periods

based on the Company's understanding of the
provision of the applicable regulations framed by
the West Bengal Electricity Regulatory Commission
(WBERC/ Commission) and/or their pronouncements/
orders, with corresponding balances shown in
the Balance Sheet as Regulatory Deferral Account
balances, at their present value duly considering
appropriate discounting methodology in consonance
with the applicable regulations and prudence.
Regulatory Deferral Account balances being estimates
are revised based on factual developments, including
impact of regulatory orders.

note-2b summary of significant judgements
and assumptions

The preparation of Standalone financial statements
requires the use of accounting estimates, judgements
and assumptions. Management also needs to exercise
judgement in applying the Company's accounting policies.

Estimates and judgements 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.

The areas involving critical estimates or Judgements are:-

Estimate of useful life of Intangible Assets -Note -2A (e)

Estimation of Restoration Liability- Note-2A (e)

Fair Valuation/Impairment assessment of certain Investments
-Note-7 & Note-2 A (g)

Estimation of Regulatory Deferral Account Balances- Note
-18 & 39

Impairment of Trade Receivables -Note - 2A (g)

Estimates used in Actuarial Valuation of Employee benefits
-Note-35

Estimates used in Lease liabilities -Note-50

note-3 changes in existing ind-as

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.

a) User Fee Income earned recognised in Statement of profit & loss ' 11.70 crore (previous year: ' 11.70 crore)

b) Fair valuation of the above freehold land as per rent capitalisation method (income approach) amounts to ' 295 crore
(as on 31.03.2024 : ' 292 crore) as per registered independent valuer and categorised as level 2. The main inputs used
in determining the fair valuation of the Investment Property are utility, marketability, self liquidity, future rentals, etc.

c) The lease term in respect of Investment Property given under Operating Lease is 25 years which can be extended
upon the sole discretion of the Company. This lease has been granted to Quest Properties India Limited to develop,
operate and maintain a mall during the said lease term and the aforesaid property has been offered as security in
respect of financial assistance availed by the said company. Incentive given by the Company by way of rent free period
for development of the Investment Property has been spread across the period of the contract. Future minimum lease
rental receivables during next one to five years ' 11.70 crore (as on 31.03.2024 : ' 11.70 crore) in each of the years and
later than five years ' 31.21 crore (as on 31.03.2024: ' 42.92 crore).

d) The lease term in respect of Investment Property - leasehold land is 29 years 11 months which can be extended upon
the execution and registration of fresh lease deed on mutually acceptable terms and conditions between the parties.
The Company intends to sublease this land in near future.

Fund for unforeseen exigencies has been created for dealing with unforeseen exigencies and the amount transferred
during the year will be invested as per the applicable regulations. Retained Earnings represents profit earned by the
Company, net of appropriations till date and adjustments done on transition to Ind AS. Equity Instruments through
Other Comprehensive Income represents the cumulative gains and losses arising on fair valuation of equity instruments
measured at fair value through Other Comprehensive Income.

Capital reserve had arisen consequent to a scheme of arrangement pursuant to National Company Law Tribunal
(NCLT) order in financial year ended 31st March 2018.

i Debentures amounting to Nil (31.03.2024 - ' 200.00 crore) are secured, ranking pari passu inter se, by hypothecation
of the movable property, plant and equipment of the Company as a first charge and ' 1400 crore (31.03.2024 - '
1500.00 crore) are secured, ranking pari passu inter se, by equitable mortgage / hypothecation of the property,
plant and equipment of the Company as a first charge.

ii Term Loans amounting to:

(a) ' 7321.23 crore (31.03.2024 - ' 5870.84 crore) are secured, ranking pari passu inter se, by equitable mortgage
/ hypothecation of the property, plant and equipment of the Company including its land, buildings and
any other constructions thereon, plant and machinery, etc. as a first charge and, as a second charge, by
hypothecation of the Company's current assets comprising stock of stores, coal, book debts, monies
receivable and bank balances;

(b) ' 857.51 crore (31.03.2024 - ' 913.35 crore) are secured, ranking pari passu inter se, by equitable mortgage /
hypothecation of the property, plant and equipment of the Company as a first charge;

(c) Nil (31.03.2024- ' 150.00 crore) are secured, ranking pari passu inter se, by hypothecation of the movable
property, plant and equipment and current assets of the Company as a first charge;

(d) ' 200 crore (31.03.2024- ' 200.00 crore) are secured, ranking pari passu inter se, by hypothecation of the
movable property, plant and equipment of the Company as a first charge;

(e) Out of above, creation of mortgage security in respect of Rupee Loans aggregating to ' 2327.50 crore is in
process as on 31.03.2025.

a. Estimated amount of contracts remaining to be executed on capital account and letter of comforts towards borrowing
/ financing obligations of subsidiaries from banks, not provided for amount to ' 41.31 crore (31.03.2024 : ' 34.68 crore)
and ' 1414.43 crore (31.03.2024 : ' 1263.87 crore) respectively.

b. The Ministry of Coal had encashed the bank guarantee of the Company amounting to ' 66.15 crore in April 2018, in
terms of its letter dated 25.04.2018, alleging non-compliance with the mining plan for the years 2015-16 and 2016¬
17 as per the Coal Mine Development and Production Agreement (CMDPA). Further, in terms of the above letter, the
Ministry had directed the Company to top-up the bank guarantee with the aforesaid encashed amount. The Hon'ble
High Court of Delhi while disposing the petition filed by the Company against the Ministry's letter dated 25.04.2018,
stayed the operation of this letter and further directed the Company to approach the Tribunal. The Company has filed
a petition before the Special Tribunal at Godda, Jharkhand challenging the letter dated 25.04.2018 and further seeking
refund of the encashed amount. Based on a legal opinion, the Company expects a favourable outcome in the matter,
and no provision has been considered necessary.

c. The Company has given bank guarantee of ' 184.05 crore (31.03.2024 : ' 202.80 crore) for procurement of coal, etc.
which is outstanding as on the reporting date.

d. The Company had executed commitment agreement to extend support and provide equity in respect of certain
subsidiaries engaged in project development including restriction on transfer of investments.

e. i) The Company had received a Show Cause cum demand notice of ' 14.71 crore for Service Tax on Additional

Premium together with other charges being paid for coal mining to Government of India as per the terms of
allocation of the Sarisatoli Coal mine. The aforesaid demand has been confirmed by The Commissioner Central
Tax & Central Excise, Howrah Commissionerate. The Company has filed an Appeal against the said Order at
Customs, Excise and Service Tax Appellate Tribunal which is pending disposal as on date. Based on legal opinion
obtained, the Company expects a favourable outcome in the matter and no provision has been considered
necessary in the books of accounts.

(ii) The Company had received order under section 270A of the Income Tax Act for ' 0.96 crore in respect of
Assessment Year 2018-19 on certain disallowances made during the course of assessment proceedings and filed
necessary appeal. Based on legal opinion obtained, the Company expects a favourable outcome in the matter
and no provision has been considered necessary in the books of accounts.

(iii) The Company has received adjudication orders aggregating to ' 34.69 crore confirming GST on road restoration
charges paid by the Company to municipal authorities. The Company has filed appeals against the aforesaid
Order before the Commissioner Appeal. Based on legal opinion obtained, the Company expects a favourable
outcome in the matter and no provision has been considered necessary in the books of accounts.

f. Bharat Coking Coal Limited (BCCL) and Mahanadi Coalfields Limited (MCL) raised demands on the Company amounting
to ' 111 crore and ' 12 crore respectively with respect to alleged excess supply of coal during 2015-16 and 2016-17
under respective Fuel Supply Agreements (FSAs) towards levy of premium beyond the notified and settled price. Such
levy of premium is not in consonance with the FSAs and accordingly the Company has moved to the Hon'ble Calcutta
High Court and obtained interim protection against the aforesaid demands. In the current year, the Company received
similar demand from Eastern Coalfields Limited amounting to ' 22 crore. Based on a legal opinion, the Company
expects a favourable outcome in the matter, and no provision has been considered necessary.

g. With regard to the Company's power purchase from one of its subsidiaries (provider), West Bengal Electricity Regulatory
Commission (WBERC) has issued the tariff order (considering applicable Annual Performance Review (APR) orders for
Generation and Transmission Project) for the years 2018-19 to 2024-25, wherein certain underlying matters have
been dealt with in deviation from past practices of tariff determination and kept for disposal through future truing up
exercise, impact of which is not ascertained. The said provider not being in agreement with the same, has since filed
appeal in respect of the above Tariff Order before the Hon'ble Appellate Tribunal for Electricity (APTEL) on the grounds
interalia, that the orders have been passed after substantial period of delay, the applicable periods are long over and
directions passed are impossible to comply because of significant delay in passing the said orders. However, since the
Tariff Order from the financial year 2022-23 onwards were issued during applicable financial years, the said provider
has given effect to the same from 2022-23 onwards with application of principles in terms of applicable Regulations.
With respect to APR orders of the said provider from WBERC for the years 2014-15 to 2019-20 including refund orders
for the aforesaid APR Orders, the said provider not being in agreement with the same, has filed appeals in the matter
before the Hon'ble APTEL in respect of APR orders/refund orders. Based on legal opinion obtained, the provider is
confident of the matter being adjudicated in its favour. Accordingly, necessary adjustment, if any, will be made on the
matter reaching finality.

The Company makes contributions for provident fund and family pension schemes (including for superannuation)
towards retirement benefit plans for eligible employees. Under the said plan, the Company is required to contribute a
specified percentage of the employees' salaries to fund the benefits. The fund has the form of trust and is governed by
the Board of Trustees. During the year, based on applicable rates, the Company has contributed and charged ' 62.61
crore (previous year : ' 63.44 crore) on this count in the Statement of Profit and Loss .

The Company also sponsors the Gratuity plan, which is governed by the Payment of Gratuity Act, 1972. The Company
makes annual contribution to independent trust, who in turn, invests in the Employees Group Gratuity Scheme of
eligible funds for qualifying employees.

Liabilities at the year end for gratuity, leave encashment and other retiral benefits including post-retirement medical
benefits have been determined on the basis of actuarial valuation carried out by an independent actuary.

The above sensitivity analyses are based on a 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 while calculating the defined benefit liability recognised in the balance sheet.

The methods and types of assumptions used in preparing the sensitivity analysis did not change compared to the prior
period.

The Plans in India typically expose the Company to some risks, the most significant of which are detailed below:

Discount Rate risk: Decrease in discount rate will increase the value of the liability. However, this will partially set off by
the increase in the value of plan assets.

Demographic Risk: In the valuation of the liability certain demographic (mortality and attrition rates) assumptions are
made. The Company is exposed to this risk to the extent of actual experience eventually being worse compared to the
assumptions thereby causing an increase in the scheme cost.

Future Salary Increase Risk: In case of gratuity & leave the scheme cost is sensitive to the assumed future salary
escalation rates for all last drawn salary linked defined benefit Schemes. If actual future salary escalations are higher
than that assumed in the valuation actual Scheme cost and hence the value of the liability will be higher than that
estimated. But PRMB & pension are not dependant on future salary levels.

Regulatory Risk: New Act/Regulations may come up in future which could increase the liability significantly in case
of Leave obligation, PRMB & Pension. Gratuity Benefit must comply with the requirements of the Payment of Gratuity
Act, 1972 (as amended up-to-date). Also in case of interest rate guarantee, Exempt Provident Fund must comply with
the requirements of the Employees Provident Funds and Miscellaneous Provisions Act 1952 as amended up-to-date.

Regulatory Income /(Expenses) arise to the Company pursuant to the regulatory provisions applicable to the Company
under the provisions of the Electricity Act, 2003 and regulations framed thereunder and disposals made by WBERC on
the Company's various petitions / applications, in terms of the said regulations, at different timeframe including the tariff
and APR orders for various years notified till date. These estimates have been recognised with discounting methodology,
assuming recovery over a period of time, in consonance with the applicable regulations and application of prudence,
considering net discounting impact of ' (61.89) crore [previous year ' (695.25) crore].

The effect of adjustments towards income/(expenses) for the current year, relating to (a) cost of energy purchased, fuel
related costs and those having bearing on revenue account and (b) Deferred Taxation estimate, as appropriate, based on
the Company's understanding of the applicable regulatory provisions and applicable orders of the competent authorities,

note-39 regulatory INCOME (Contd.)

amounts to ' 1195.00 crore [previous year ' 1623.00 crore] and ' (60.20) crore (previous year ' (126.64) crore) respectively.
The cumulative sum as described above have been shown as Regulatory Income/(Expenses) with corresponding sums,
reflected in Balance Sheet as Regulatory Deferral Account Balances (refer Note 18).

During the current financial year, the Company has received orders from WBERC in respect of its Annual Performance
Review (APR) for the financial year 2019-20 and Multi Year Tariff order for the period 2023-24 to 2025-26, which has
deviated from past practices / extant regulations in certain matters, for which the Company has filed necessary appeals.
Based on legal opinion obtained, the Company is confident of the matter being adjudicated in its favour. Accordingly,
necessary adjustment, if any, will be made on the matter reaching finality.

The Regulatory Deferral Asset and related Deferred Tax Liability balances as at 1st April, 2024, was recomputed and reduction
of ' 751.94 crore and ' 151.63 crore was factored on account of adoption of New Tax Regime and effect of change in capital
gains taxation pursuant to Finance Act 2024 respectively.

Regulatory deferral account debit balance comprise the effect of (a) Deferred tax recoverable, (b) cost of fuel and purchase
of power and other adjustments having bearing on revenue account amounting to ' 2,193.47 crore (31.03.2024: ' 3,207.94
crore) and ' 3,762.07 crore (31.03.2024: ' 2,564.04 crore) respectively. Upon discontinuation of AAD as per the revised
Regulations with effect from 1st April, 2023, the same was adjusted with Regulatory Deferral Account debit balance in
previous year. These balances have been recognised with discounting methodology, assuming recovery over a period of
time using such rate in accordance with regulations and application of prudence.

Accordingly, the accurate quantification and disposal of the matters with regard to Regulatory Deferral Account balances,
shall be given effect to, from time to time, on receipt of necessary direction from the appropriate authorities, including
those attributable to the mining of coal from Sarisatolli mine which commenced operations from 10th April 2015.

The different levels have been defined below:

Level 1: financial instruments measured using quoted price. The fair value of all equity instruments which are traded in

the stock exchanges is determined using the closing price.

Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either

directly (i.e., as prices) or indirectly (i.e., derived from prices)

Level 3: inputs for the asset or liability that are not based on observable market data.
c) The following methods and assumptions were used to estimate the fair values

i. The fair value of preference share is determined on the basis of discounted cash flow wherein future cash flows
are based on the terms of preference share discounted at rate that reflects market rate.

ii. The carrying amounts of trade receivables, trade payables, receivable towards claims and services rendered,
receivable from related parties, other bank balances, interest accrued payable/receivable, other receivables/
payables, cash and cash equivalents are considered to be the same as their fair values, due to their short term
nature.

iii. Loans, non-current borrowings, lease receivable/payable and security deposits are based on amortised cost using
effective interest rate method.

iv. Fair Value of financial Intruments is determined on the basis of discounted cash flow analysis, considering the
nature, risk profile and other qualitative factors.The carrying amounts are a reasonable approximation of the fair
value.

note-41 financial risk and other risks management and capital management

The Company's operations of generation and distribution of electricity are governed by the provisions of the Electricity
Act 2003 and Regulations framed thereunder by the West Bengal Electricity Regulatory Commission and accordingly
the Company, being a licensee under the said statute, is subject to regulatory provisions/ guidelines and issues evolving
therefrom, having a bearing on the Company's liquidity, earning, expenditure and profitability, based on efficiency parameters
provided therein including timing of disposal of applications / regulatory matters by the authority.

The Company being the sole provider of electricity in the licenced area has been managing the operations keeping in
view its profitability and liquidity in terms of above regulations. In order to manage credit risk arising from sale of electricity,
multipronged approach is followed like maintenance of security deposit, precipitation of action against defaulting consumers,
obtaining support of the administrative authority. Credit risk towards Investment of surplus funds is managed by obtaining
support of credit rating and appraisal by external agencies and lending bodies. The Company extends financial support to
its subsidiaries including that of letter of comforts etc. to their lenders.

The Company manages its liquidity risk on financial liabilities by maintaining healthy working capital and liquid fund position
keeping in view the maturity profile of its borrowings and other liabilities as disclosed in the respective notes.

The Company's market risk relating to variation of foreign currency, interest rate and commodity price is mitigated through
relevant regulations and availability of bulk commodity namely coal generally sourced from own captive mine, domestic
long term linkage and Special Forward E-Auction conducted by Coal India Limited and/or its subsidiaries.

While managing the capital, the Company ensures to take adequate precaution for providing returns to the shareholders
and benefit for other stakeholders, including protecting and strengthening the balance sheet. Availability of capital and
liquidity is also managed, in consonance with the applicable regulatory provisions.

The Company considers climate-related matters in estimates and assumptions, where appropriate. The Company is
closely monitoring relevant changes and developments, such as new climate-related legislation. The Company analyses all
applicable statutory compliances towards enhancing energy efficiency through implementation of latest technologies and
adoption towards reduction of green house gas emissions in its establishments.

Liability in respect of the security deposit collected by the Company, in terms of applicable regulations of the WBERC, has
been classified as non - current, given the nature of its business in the license area, excepting to the extent of the sum
refundable / payable within a year, based on past trends.

Interest on Consumers' Security Deposits (being in the nature of trade deposits) is included in Other Expenses, as per
consistent practice followed by the Company. This is paid to the consumers at the applicable rates in terms of the Regulations
framed, under the Electricity Act, 2003.

NOTE-46

Miscellaneous Expenditure in Note 38, includes a Contribution of ' 60 crore (previous year: ' 60 crore) to Prudent Electoral
Trust in accordance with Sec. 182 of the Companies Act, 2013.

The Company is primarily engaged in generation and distribution of electricity which is the only reportable business segment
in line with the segment wise information which is being presented to the Chief Operating Decision Maker (CODM). There
are no reportable geographical segments, since all business is within India.

The Company is also running a single retail store in state of Gujarat which is not significant for the CODM and hence not
considered as reportable segment.

NOTE-49

Part A of Schedule II to the Companies Act. 2013 (the Act), inter alia, provides that depreciable amount of an asset is the
cost of an asset or other amount substituted for cost. Part B of the said Schedule deals with the useful life or residual value
of an asset as notified for accounting purpose by a Regulatory Authority constituted under an act of Parliament or by the
Central Government for calculating depreciation to be provided for such asset irrespective of the requirement of Schedule
II. In terms of applicable Regulations under the Electricity Act, 2003, depreciation on tangible assets other than freehold land
is provided on straight line method on a pro-rata basis at the rates specified therein, the basis of which is considered by the
West Bengal Electricity Regulatory Commission (Commission) in determining the Company's tariff for the year, which is also
required to be used for accounting purpose as specified in the said Regulations. Based on legal opinions and accounting
interpretations obtained, the Company continues with the consistently followed practice of recouping from the retained
earnings an additional charge of depreciation relatable to the increase in value of assets arising from fair valuation , which
for the current year amounts to ' 190.96 crore (31.03.2024 : ' 249.18 crore) and corresponding withdrawal of ' 0.13 crore
( 31.03.2024 : ' 0.07 crore ) consequent to sale / disposal of such assets.

Consequent to change in WBERC regulations relating to Advance Against Depreciation (AAD), the net depreciation charge
for the year has been computed after necessary adjustments of AAD computed in terms of the Tariff regulations, as amended
from time to time. Consequently, the depreciation amount to be claimed for the year for tariff purposes, is reduced by ' 3.03
crore (previous year: ' 0.02 crore). Also refer Note 2A(c).

None of the above ratios vary more than 25% except Trade Payables turnover ratio. Such variation in Trade Payable turnover
ratio is due to increase in Payable to a subsidiary company for power purchases, which does not have any impact on a
consolidated basis.

Formulae for computation of above ratios are as follows:

Current Ratio = Total Current Assets / Total Current Liabilities

Debt Equity Ratio = Non Current Borrowings (including current maturities of long-term debts) Current Borrowings /
Total Equity

Debt Service Coverage Ratio = Profit after tax depreciation deferred tax provisions finance costs / finance costs
lease rent expense (excluding short term lease rent) debt repayments (net of proceeds utilised for Refinancing)

Return on Equity (ROE) = Profit after tax / Average Total Equity

Inventory Turnover Ratio = Cost of Fuel / Average Fuel Inventory

Trade Receivables Turnover Ratio = Revenue from Operations / Average Trade Receivables

Trade payables turnover Ratio = Cost of Fuel & Power Purchase / Average Trade payable for cost of energy purchased &
cost of fuel

Net working capital turnover ratio = Revenue from Operations / Average Working Capital
Net profit ratio = Profit after Tax / Total Income

Return on capital employed (ROCE) = Earning before interest and taxes / Capital Employed

Capital Employed = Total Equity Non Current Borrowings (including current maturities of long-term debts) Current
Borrowings

Return on investment = Income generated from investments/ Average invested funds in treasury investment
Net Worth = Equity Other Equity

I n addition to above, the Company had entered into certain transactions in the ordinary course of business with
347 struck off companies during the previous year. The individual balances of such struck off companies are below
' 50,000 and the aggregate outstanding balance as on March 31, 2024 is ' (0.20) crore.

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

(iv) The Company has not traded or invested in Crypto Currency or Virtual Currency during the financial year.

(v) The Company has not, except as detailed below, 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

NOTE-53 OTHER STATUTORY INFORMATION (Contd.)

During the year the Company has given an amount of ' 1019 crore to Eminent Electricity Distribution Limited (EEDL), a
wholly owned subsidiary, who has acquired 100% controlling interest in Chandigarh Power Distribution Limited (CPDL)
for aggregate consideration of ' 871 crore. CPDL has been granted license to carry out the function of distribution and
retail supply of electricity in Union Territory of Chandigarh effective from 1st February, 2025.

(vi) The Company has 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.

(vii) The Company has no such transaction which is not recorded in the books of accounts that has been surrendered or
disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey
or any other relevant provisions of the Income Tax Act, 1961).

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

(ix) The Company is maintaining its books of accounts in electronic mode and these books of accounts are accessible in
India at all times and the back-up of the books of accounts has been kept in servers physically located in India on a daily
basis. The Company has used various accounting software 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. Further no instance of audit trail feature being tampered with was noted in respect of those
accounting software. Additionally, the audit trail of previous 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 previous year.

(x) The quarterly returns or statements filed by the Company with the banks or financial institutions are in agreement with
the books of accounts.

NOTE-54 DISCLOSURE UNDER SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) (LISTING OBLIGATIONS AND
DISCLOSURE REQUIREMENTS) REGULATIONS, 2015.

The Company has given loans and advances from time to time to its wholly owned subsidiaries, Kota Electricity Distribution
Limited (KEDL), Eminent Electricity Distribution Limited (EEDL) and Malegaon Power Supply Limited (MPSL) amounting to
' 30.30 crore, ' 1019 crore and ' 60 crore respectively. Out of the said loans and advances, a sum of ' 52.60 crore was
refunded to the Company by KEDL thereby leaving an outstanding balance as on March 31, 2025 of ' 4 crore (31.03.2024:
' 26.30 crore for KEDL), ' 1019 crore for EEDL (31.03.2024: Nil) and ' 60 crore for MPSL (31.03.2024: Nil). The maximum
outsanding amount during the year was ' 26.30 crore (31.03.2024: 82.30 crore), ' 1019 crore (31.03.2024: Nil) and ' 60
crore (31.03.2024: Nil) for KEDL, EEDL and MPSL respectively.

The installed capacity of the Generating Stations of the Company as on 31st March, 2025 was 1125000 kW (31st March,
2024 : 1125000 kW).

NOTE-56

The Ministry of Power, Government of India, has since issued Electricity Distribution (Accounts and Additional Disclosure)
Rules, 2024 ('the Rules') in pursuance of section 176(1) and 176(2)(z) of the Electricity Act, 2003 read with second proviso
to section 129 (1) of the Companies Act, 2013, which are applicable to the Company and effective from the date of its
notification in the Official Gazette on 14th October, 2024, that have been complied with by the Company.

NOTE-57

The above financial statements were approved by the Board of Directors at their meeting held on 15th May, 2025.

For S.R. BATLIBOI & Co. LLP For and on behalf of Board of Directors

Chartered Accountants

Firm Registration Number -301003E/E300005

Chairman Dr. Sanjiv Goenka DIN: 00074796
Navin Agrawal Managing Director -Generation Brajesh Singh DIN: 10335052

Partner Managing Director- Distribution Vineet Sikka DIN: 10627000

Membership No.: 056102 Executive Director & CFO Rajarshi Banerjee

Kolkata, 15th May, 2025 Company Secretary Jagdish Patra