e) Provisions and contingent liabilities

c General

Provisions are recognised when the Company has a present
obligation (legal or constructive) as a result of past events,
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. When the Company expects some or all a provision
to be reimbursed, the reimbursement is recognised as a
separate asset, but only when the reimbursement is virtually
certain. The expense relating to a provision is presented in
the statement of profit or loss net of any reimbursement
Provisions are not recognised for future operating losses.

If the effect of the time value of money is material, provisions
are discounted using a current pre-tax rate that reflects,
when appropriate, the risks specific to the liability. When
discounting is used, the increase in the provision due to the
passage of time is recognised as interest expense.

o Contingent Liabilities

Contingent liabilities are disclosed when there is a possible
obligation arising from past events, the existence of which
will be confirmed only by the occurrence or non-occurrence
of one or more uncertain future events not wholly within the
control of the Company or a present obligation that arises
from past events where it is either not probable that an
outflow of resources will be required to settle or a reliable
estimate of the amount cannot be made.

f) Employee benefits

c Short-term obligations

Liabilities for wages and salaries, including non-monetary
benefits that are expected to be settled wholly within 12
months after the end of the period in which the employees
render the related service are recognised in respect of
employees’ services up to the end of the reporting period
and are measured at the amounts expected to be paid when
the liabilities are settled. The liabilities are presented as
current employee benefit obligations in the balance sheet.

o Other long-term employee benefit obligations

The liabilities for earned leave and sick leave are not
expected to be settled wholly within 12 months after the
end of the period in which the employees render the related
service. They are therefore measured as the present value of
expected future payments to bo made in respect of services
provided by employees up to the end of the reporting
period using the projected unit credit method. The benefits
are discounted using the market yields at the end of the
reporting period on the government bonds that have terms
approximating to the terms of the related obligation. Re¬
measurements as a result of experience adjustments and
changes in actuarial assumptions are recognised in profit or
loss.

The obligations are presented as current liabilities in the
balance sheet if the entity does not have an unconditional
right to defer settlement for at least twelve months after the
reporting period, regardless of when the actual settlement
is expected to occur.

a Post-employment obligations

The Company operates the following post-employment
schemes:

• Defined benefit plans in the nature of gratuity and

• Defined contribution plans such as provident fund.

• Gratuity obligations

The liability or asset recognised in the balance sheet in
respect of defined benefit gratuity plans is the present
value of the defined benefit obligation at the end of
the reporting period less the fair value of plan assets.
The defined benefit obligation is calculated annually by
actuaries using the projected unit credit method.

The present value of the defined benefit obligation
denominated in INR is determined by discounting the
estimated future cash outflows by reference to market
yields at the end of the reporting period on government
bonds that have terms approximating to the terms of
the related obligation.

The net interest cost is calculated by applying the
discount rate to the net balance of the defined benefit
obligation and the fair value of plan assets. This cost is
included in employee benefit expense in the statement
of profit and loss.

Re-measurement gains and losses arising from
experience adjustments and changes in actuarial
assumptions are recognised in the period in which they
occur, directly in other comprehensive income. They

are included in retained earnings in the statement of
changes in equity and in the balance sheet.

Changes in the present value of the defined benefit
obligation resulting from plan amendments or
curtailments are recognised immediately in profit or
loss as past service cost.

• Defined contribution plans

The Company pays provident fund contributions to
publicly administered provident funds as per local
regulations. The Company has no further payment
obligations once the contributions have been paid. The
contributions are accounted for as defined contribution
plans and the contributions are recognised as
employee benefit expense when they are due. Prepaid
contributions are recognised as an asset to the extent
that a cash refund or a reduction in the future payments
is available.

g) Investments and Other Financial assets

z Classification & Recognition:

Regular way purchases and sales of financial assets are
recognised on trade-date, the date on which the Company
commit to purchase or sell the financial asset.

3 Measurement:

Financial assets with embedded derivatives are considered
in their entirety when determining whether their cash flows
are solely payment of principal and interest.

Amortised cost:

Assets that are held for collection of contractual cash
flows where those cash flows represent solely payments of
principal and interest are measured at amortised cost. A gain
or loss on a debt investment that is subsequently measured
at amortised cost and is not part of a hedging relationship is
recognised in profit or loss when the asset is derecognised
or impaired. Interest income from these financial assets is
included in finance income using the effective interest rate
method. Impairment losses are presented as a separate lino
item in the financial statement.

Fair value through other comprehensive income (FVOCI):

Assets that are held for collection of contractual cash flows
and for selling the financial assets, where the assets' cash
flows represent solely payments of principal and interest,
are measured at fair value through other comprehensive
income (FVOCI). Movements in the carrying amount are
taken through OCI. except for the recognition of impairment
gains or losses, interest revenue and foreign exchange gains
and losses which are recognised in profit and loss. When
the financial asset is derecognised, the cumulative gain or
loss previously recognised in OCI is reclassified from equity
to profit or loss. Interest income from these financial assets
is included in other income using the effective interest rate
method. Foreign exchange gains and losses and impairment
expenses are presented as separate lines item in the financial
statements.

Fair value through profit or loss:

Assets that do not meet the criteria for amortised cost or
FVOCI are measured at fair value through profit or loss.
A gain or loss on a debt investment that is subsequently
measured at fair value through profit or loss and is not part
of a hedging relationship is recognised in profit or loss and
presented net in the statement of profit and loss in the
period in which it arises. Interest income from these financial
assets is included in other income.

c Derecognition of financial assets

A financial asset is derecognised only when the Company
has transferred the rights to receive cash flows from the
financial asset or retains the contractual rights to receive the
cash flows of the financial asset but assumes a contractual
obligation to pay the cash flows to one or more recipients.

Where the entity has transferred an asset, the Company
evaluates whether it has transferred substantially all risks
and rewards of ownership of the financial asset In such
cases, the financial asset is derecognised. Where the entity
has not transferred substantially all risks and rewards of
ownership of the financial asset, the financial asset is not
derecognised.

Where the entity has neither transferred a financial asset
nor retains substantially all risks and rewards of ownership
of the financial asset, the financial asset is derecognised if
the Company has not retained control of the financial asset.
Where the Company retains control of the financial asset,
the asset is continued to be recognised to the extent of
continuing involvement in the financial asset.

- Reclassification of financial assets

The Company determines classification of financial assets
and liabilities on initial recognition. After initial recognition,
no reclassification is made for financial assets which are
equity instruments and financial liabilities. For financial
assets which are debt instruments, a reclassification is made
only if there is a change in the business model for managing
those assets. Changes to the business model are expected
to bo infrequent. The Company's senior management
determines change in the business model as a result of
external or internal changes which are significant to the
Company's operations. Such changes are evident to external
parties. A change in the business model occurs when the
Company either begins or ceases to perform an activity that
is significant to its operations. If the Company reclassifies
financial assets, it applies the reclassification prospectively
from the reclassification date which is the first day of the
immediately next reporting period following the change
in business model. The Company does not restate any
previously recognised gains, losses (including impairment
gains or losses) or interest.

h) Financial liabilities

= Trade and other payables

These amounts represent liabilities for goods and services
provided to the Company prior to the end of financial year
which are unpaid. They are recognised initially at their fair
value and subsequently measured at amortised cost using
the effective interest method.

I) Offsetting of financial Instruments

Financial assets and financial liabilities are offset and the net
amount is reported in the balance sheet if there is a currently
enforceable legal right to offset the recognised amounts and
there is an intention to settle on a net basis, to realise the
assets and settle the liabilities simultaneously. The legally
enforceable right must not be contingent on future events
and must be enforceable in the normal course of business
and in the event of default, insolvency or bankruptcy of the
Company or the counter party.

J) Foreign currency translation

Functional and presentation currency

Items included in the financial statements of the Company
are measured using the currency of the primary economic
environment in which the Company operates (' the functional
currency'). The financial statements are presented in Indian

rupee (INR). which is company's functional and presentation
currency.

Transactions and balances

Foreign currency transactions are translated into the
functional currency using the exchange rates at the dates
of the transactions. Foreign exchange gains and losses
resulting from the settlement of such transactions and
from the translation of monetary assets and liabilities
denominated in foreign currencies at year end exchange
rates are generally recognised in profit or loss. A monetary
item for which settlement is neither planned nor likely to
occur in the foreseeable future is considered as a part of the
entity's net investment in that foreign operation.

Non-monetary items that are measured in terms of historical
cost in a foreign currency are translated using the exchange
rates at the dates of the initial transactions

k) Intangible Assets

Intangible assets acquired separately are measured on initial
recognition at cost. Following initial recognition, intangible
assets are carried at cost less accumulated amortisation and
accumulated impairment losses.

Intangible assets with finite lives are amortised over their
useful economic lives on straight lined basis and assessed
for impairment whenever there is an indication that the
intangible asset may be impaired. The amortisation period
and the amortisation method for an intangible asset with
a finite useful life are reviewed at least at the end of each
reporting period.

Software has been amortized over the useful life of 8-10
years.

Changes in the expected useful life or the expected pattern
of consumption of future economic benefits embodied
in the asset are considered to modify the amortisation
period or method, as appropriate, and are treated as
changes in accounting estimates. The amortisation expense
on intangible assets with finite lives is recognised in the
statement of profit or loss.

All intangible assets are amortised on a straight-line basis
over a period of useful lives.

The Company does not have any intangible assets with
indefinite useful lives.

Gains or losses arising from derecognition of an intangible
asset are measured as the difference between the net
disposal proceeds and the carrying amount of the asset and
are recognised in the statement of profit or loss when the
asset is derecognised.

l) Cash and cash equivalents

Cash and cash equivalent in the balance sheet comprise
cash at banks, which are subject to an insignificant risk of
changes in value.

For presentation in the statement of cash flows, cash and
cash equivalents consist of cash and cash equivalent, as
defined above, net of outstanding bank overdrafts if they
are considered an integral part of the Company's cash
management.

m) Earnings per share

Basic earnings per share

Basic earnings per share is calculated by dividing the profit
attributable to owners of the Company by the weighted
average number of equity shares outstanding during the
financial year, adjusted for bonus elements in equity shares

issued during the year and excluding treasury shares.
Diluted earnings per share

Diluted earnings per share adjusts the figures used in the
determination of basic earnings per share to take into
account the after-income tax effect of interest and other
financing costs associated with dilutive potential equity
shares, and the weighted average number of additional
equity shares that would have been outstanding assuming
the conversion of all dilutive potential equity shares.

n) Trade receivable

Trade receivables are amounts due from customers for
goods sold or services performed in the ordinary course
of business. Trade receivables are recognised initially at
the transaction price unless there are significant financing
components, when they are recognised at fair value. The
Company holds the trade receivables with the objective to
collect contractual cash flows and therefore measures them
subsequently at amortised cost using the effective interest
method, less loss allowance.

o) Derivatives

The Company enters into certain derivative contracts to
hedge risks which are not designated as hedges. Derivatives
are initially recognised at fair value on the date a derivative
contract is entered into and are subsequently remeasured
to their fair value at the end of each reporting period. Such
contracts are accounted for at fair value through profit or
loss and are included in statement of profit and loss.

p) Exceptional Items

When the items of income and expense within profit or loss
from ordinary activities are of such size, nature or incidence
that their disclosure is relevant to explain the performance
of the Company for the period, the nature and amount of
such items are disclosed separately as exceptional item by
the Company.

2.4 Significant Accounting Judgements, Estimates and
Assumptions

The preparation of standalone financial statements requires
the use of accounting estimates. Management exercises
judgement in applying the company's accounting policies.
Estimates and assumptions are continuously evaluated
and are based on historical experience and other factors
including expectations of future events that are believed to
be reliable and relevant under the circumstances. This note
provides an overview of the areas that involved a higher
degree of judgement or complexity, and of items which are
more likely to be materially adjusted due to estimates and
assumptions turning out to be different than those originally
assessed. Management believes that the estimates are the
most likely outcome of future events. Detailed information
about each of these estimates and judgements is described
below:

a) Revenue Recognition on Contracts with Customers

The Company's contracts with customers could include
promises to transfer multiple products and services to a
customer. The Company assesses the products / services
promised in a contract and identifies distinct performance
obligations in the contract. Identification of distinct
performance obligation involves judgement to determine
the distinct goods/ services and the ability of the customer
to benefit independently from such goods/services

Judgement is also required to determine the transaction
price for the contract. The transaction price could be either

a fixed amount of customer consideration or variable
consideration with elements such as liquidated damages,
penalties and financing components. Any consideration
payable to the customer is adjusted to the transaction
price, unless it is a payment for a distinct product or service
from the customer. The estimated amount of variable
consideration is adjusted in the transaction price only to the
extent that it is highly probable that a significant reversal in
the amount of cumulative revenue recognised will not occur
and is reassessed at the end of each reporting period. The
Company allocates the elements of variable considerations
to all the performance obligations of the contract unless
there is observable evidence that they pertain to one or
more distinct performance obligations.

The Company uses judgement to determine an appropriate
standalone selling price for a performance obligation
(allocation of transaction price). The Company allocates the
transaction price to each performance obligation based on
the relative standalone selling price of each distinct product
or service promised in the contract Where standalone selling
price is not observable, the Company uses the expected cost-
plus reasonable margin approach to allocate the transaction
price to each distinct performance obligation.

The Company exercises judgement in determining whether
the performance obligation is satisfied at a point in time or
over a period of time. The Company considers indicators
such as how customer consumes benefits as services are
rendered or who controls the asset as it is being created or
existence of enforceable right to payment for performance
to date and alternate use of such product or service, transfer
of significant risks and rewards to the customer, acceptance
of delivery by the customer, etc.

Revenue for fixed-price contract is recognised using the
input method for measuring progress. The company uses
cost incurred related to total estimated costs to determine
the extent of progress towards completion. Judgement is
involved to estimate the future cost to complete the contract
and to estimate the actual cost incurred basis completion
of relevant activities towards fulfilment of performance
obligations.

b) Defined benefit plans

The cost of the defined benefit plan and the present value
of such obligation 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
inc reases. employee turnover and expected return on planned
assets. 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 the year end. Details about employee benefit
obligations and related assumptions are given in Note 31.

c) Impairment of Investments In subsidiaries

The Company accounts for investments in subsidiaries at
cost (less accumulated impairment, if any). The carrying
value of investments in subsidiaries at each reporting date
are reviewed and assessed for impairment. The Company
performs impairment assessment of investments by making
an estimate of the recoverable amount, being the higher of
fair value less costs to sell and its value in use which is then
compared with the carrying value. An impairment loss is
recognised in the statement of profit and loss to the extent
the carrying value of an asset exceeds the recoverable
amount.

The value in use of these investments is determined using
discounted cash flow model (DCF model) requiring various

assumptions and judgements. These include future cashflows
and growth rate assumptions, discount rate, terminal growth
rate and other economic and entity specific factors which
are incorporated in the DCF model. The estimated cash
flows are developed using internal forecasts.

d) Impairment assessment of loans given to subsidiaries
and financial guarantees (Expected credit loss)

The Company has given interest bearing loans to its
subsidiaries which are repayable on demand. Further,
external loan taken by a subsidiary is guaranteed by the
Company. The loans and financial guarantees given to
subsidiaries are reviewed and assessed for impairment at
each reporting date under Ind AS 109. The inter-company
loans have been provided to the subsidiaries for operational
purposes and with an expectation of an extended gestation
period. The Company intends to allow the subsidiaries to
continue trading and thus reviews the cash flow forecasts
to confirm whether the projections are in line with the initial
expectations and whether the credit risk has increased
significantly since initial recognition. The Company considers
expected manner of recovery and recovery period of the
loans to determine expected credit loss.

e) Impairment assessment for trade receivables and
contract assets

The Company uses the simplified approach as prescribed by
Ind AS 109: Financial Instruments to calculate the expected
lifetime credit loss for receivable and contract assets. Given
the differences in size, nature and contractual and operational
risks of each contract, in assessing the recoverability of
receivable, contract assets and expected lifetime credit
loss, the Company assesses credit risk individually for each
customer after considering the expected date of billing
and collection, interpretation of contractual terms, project
status, past history, latest discussion/ correspondence with
the customers and legal opinions, wherever applicable.

Price risk

The Company has investments mainly in wholly owned subsidiaries. These investment are susceptible to market price risk arising from
uncertainties about future values of the investment securities. The Company manages the equity price risk through diversification and by
placing limits on individual and total equity instruments. Reports on the equity portfolio are submitted to the Company's senior management
on a regular basis. The Company's Board of Directors review and approve all equity investment decisions

(b) Credit risk

Credit risk is the risk that a counterparty will not meet its obligations under a contract, leading to a financial loss. The Company is exposed to
credit risk from its operating activities (primarily trade receivables) and from its investing activities, including balance with banks, foreign ex¬
change transactions and other financial instruments.

Trade receivables and Contract assets

The Company has established policy, procedures and control relating to customer credit risk management Credit quality of a customer is as¬
sessed taking into account its financial position, past experience and other factors, e.g. credit rating and individual credit limits are defined in
accordance with credit assessment. Outstanding customer receivables are regularly monitored.

The company provides for expected credit loss of trade receivables and contract assets based on life-time expected credit losses (simplified
approach). The Company assesses the expected credit loss individually for each customer, a major portion of the trade receivables and contract
assets consists of government customers. The credit default risk on receivables and contract assets with government customers is considered
to be remote Disputes, if any. are assessed for indicators of increase in credit risk and. the Company considers the expected date of billing
and collection, interpretation of contractual terms, project status, past history, latest discussion/ correspondence with the customers and legal
opinions, wherever applicable in assessing the recoverability. The average project execution cycle ranges irom 12 to 36 months based on the
nature of contract and scope ol services to be provided. General payment terms include mobilisation advance, progress payments with a credit
period ranging from 45 to 90 days and certain retention money to be released at the end of the project in some cases retentions are substituted
with bank/corporate guarantees.

The Company does not hold collateral as secunty. The Company evaluates the concentration of nsk with respect to trade receivables as low.
as its customers are located in several jurisdictions and operate in largely independent markets. Dunng the year, the Company made write-offs
of tnii (March 31. 2024: ?Nil) trade receivables and it does not expect to receive future cash flows or recoveries from collection of cash flows
previously written off. The contract assets have substantially the same risk characteristics as trade receivables for same type of contract etc.
Therefore management has concluded that the expected loss for trade receivables are at reasonable approximation for loss rates for contract
assets

Reconciliation of loss allowance provision of Inter company loans and financial guarantee:

The Company has given interest bearing loans to its subsidiaries which are repayable on demand. Further, certain external loans taken by the
subsidiaries are guaranteed by the Company (corporate guarantee was issued by Steriite Technologies Limited (Demerged Company), which
pursuant to the scheme of arrangement (refer note 44) shall be deemed to have been transferred to the Company). The loans and financial
guarantees given to subsidiaries are reviewed and assessed for impairment at each reporting date under ind as 109. The inter company loans
have been provided to the subsidiaries for operational purposes and with an expectation of an extended gestation period. The Company intends
to allow the subsidiaries to continue trading and thus reviews the cash flow forecasts to confirm whether the projections are in line with the
initial expectations and whether the credit risk has increased significantly since initial recognition. The Company considers the expected manner
of recovery and recovery period of the loans to determine the expected credit loss. The gross carrying amount ol loans for which credit nsk has
not increased significantly since initial recognition is 7317.61 (31 March 2024 :7258.89).

The loss allowance as on March 31.2025 reconciles to the opening loss allowance as follows

Financial assets and cash deposits

Credit risk from balances with banks and financial institutions is managed by the Company’s treasury department in accordance with the
Company’s policy, investments of surplus funds are made only with approved counterparties and within credit limits assigned to each
counterparty. Counterparty credit limits are reviewed by the Company on an annual basis, and may be updated throughout the year. The limits
are set to minimise the concentration of risks and therefore mitigate financial loss through counterparty's potential failure to make payments.
The credit default risk on balances with banks and financial institutions is considered to be negligible.

The Company's maximum exposure to credit rtsk for the components of the balance sheet at March 31.2025 and March 31.2024 is the carrying
amounts of each class of financial assets.

(c> Liquidity risk

Liquidity risk is the rtsk that the Company may encounter difficulty in meeting its present and future obligations associated with financial
liabilities that are required to be settled by delivering cash or another financial asset. The Company's objective is to. at ail times, maintain
optimum levels of liquidity to meet its cash and collateral obligations The Company requires funds both for short term operational needs as
well as for long term investment programs. The Company closely monitors its liquidity position and deploys a robust cash management system.
It aims to minimise these risks by generating sufficient cash flows from its current operations, which in addition to the available cash and cash
equivalents, liquid investments and sufficient committed fund facilities which will provide liquidity.

The liquidity nsk is managed on the basis of expected maturity dates of the financial liabilities. The average credit period lor trade payables is
about 60 -180 days The other payables are with short term durations. The carrying amounts are assumed to be reasonable approximation of
fair value. The table below summarises the maturity profile of the Company's financial liabilities based on contractual undiscounted payments:

The Company is in the process of obtaining separate working cajaital and other borrowing limits from banks and financial institutions consequent
to the Scheme ol Arrangement (refer note 44). stenite Technologies Limited (the Demerged Company) has confirmed to provide continued
support in respect of the working capital limits and loans being tranferred to the Company as per the Scheme referred to in Note 44 to maintain
the Company's operational continuity till the time sufficient sanctioned borrowing limits are set up. if need arises. Stenite Technologies Limited
will also provide loans / corporate gauarantee to the Company within the limits as approved by its Board of Directors.

41. Capital management

For the purpose of the Company's capital management capital includes issued equity capital (including share capital suspense account pending
allotment) and all other equity reserves attributable to the shareholders of the Company. The primary objective of the Company’s capital
management is to ensure that it maintains a strong credit rating, healthy capital ratios in order to support its business and maximise shareholder
value and optimal capital structure to reduce cost of capilaL

The Company manages its capital structure to ensure it remains adequately funded to support its operations and growth strategy. The Company's
current borrowings are not subject to any financial covenant requirements, providing flexibility in capital management decisions. To maintain or
adjust the capital structure, the Company may ad|ust the dividend payment to shareholders, 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's policy is to keep
the gearing ratio optimum. The Company includes within net debt total borrowings and lease liabilities net of cash and cash equivalent

44. scheme of arrangement

The Board of Directors of Stertite Technologies Limited and STL Networks Limited at its meeting held on May 17. 2023 had considered and
approved, subject to necessary approvals, a Scheme of Arrangement ("Scheme") between steriite Technologies Limited (the "Demerged
Company") and STL Networks Limited (the "Resulting company” or "Company") and their respective shareholders and creditors, under sections
230 to 232 and other applicable provisions of the Companies .Act 2013 and the rules made thereunder.

The scheme, inter alia, provides for the following:

(a) Transfer by way of demerger of the Demerged undertaking consisting of Global Services Business of the Demerged Company to the
Resulting company w.e.f April oi. 2023. the appointed date, on a going concern basis and consequent issuance of equity shares by the
Resulting company to the shareholders of the Demerged company: and

(b) various other matters consequential or otherwise integrally connected therewith including
the reorganisation of the share capital of the Resulting company.

The equity shares of the Resulting Company are to be listed on BSE Limited and National Stock Exchange of India Limited (collectively,
the "Stock Exchanges"), post the effectiveness of the Scheme. The shareholders of the Demerged Company will be ailoted shares in the
Resulting Company in the same proportion as their holding in the Demerged Company.

The Hontxe National Company Law Tribunal. Mumbai Bench ("NCLT”) has approved the Scheme vide order dated February 14. 202S. Further
on March 18. 2025. the Company received a certified true copy of the order dated February M. 2025 ("Order") passed by the Hon ble NCLT
approving the Scheme, which was filed with the Registrar of Companies (ROC) making the Scheme effective on close of business hours on
March 31 2025. These Standalone Financial Statements for the year ended March 31 2025 have been prepared by considering the impact of
demerger

The Company has accounted for the demerger under the pooling of interest method by applying the principles of Appendix C to ind AS 103.
Business Combination. This requires Company to account as if business combination had occured from beginning of proceeding penod and
accordingly, the previous year numbers have been restated. The directly identifiable assets, liabilities, income and expenditure oi the Demerged
undertaking are based on the books of accounts and underlying accounting records. All other assets, liabilities, income and expenditure have
been allocated on the basis as mentioned in the Scheme or as approved by the Board of Directors.

The transactions pertaining to the Demerged Undertaking of Steriite Technologies Limited from the appointed date (i.e. April 1. 2023) upto
the effective date of the Scheme (Le. March 31. 2025) have been made by Steriite Technologies Limited on behalf of the Company as per the
Scheme.

250.000 equity shares of 7200 each of the Company amounting to 70.10 held by Steriite Technologies Limited stands cancelled on the Scheme
becoming effective. Consequently, the Company has ceased to be subsidiary of Steriite Technologies Limited as on March 31.2025.

Pursuant to the Scheme, the Company has allotted equity shares to the shareholders of Steriite Technologies Limited whose name appeared in
the register of members as on the record date Le. April 24.2025. one equity share of 72.00 each in the Company as fully paid up for every equity
share of 7200 each held by them in Steriite Technologies Limited. The equity share capital of 797.58 pending allotment as on March 31.2025 has
been disclosed as Equity share capital suspense accounL

The Company has compiled with the aforesaid Scheme of Arrangement for Demerger and the effect of such scheme has been accounted lor in
these standalone financial statements in accordance with the Scheme and in accordance with the Indian Accounting standards.

45. Transactions with Struck off companies

The Company does not have any transactions with companies struck-ott under section 248 of the Company. 2013 or section 560 of Companies
Act. 1956.

46. Corporate Social Responsibility (CSR)

As per section 135(5) of the Companies Act 2013. every company which is required to engage in CSR. must ensure CSR spending with reference
to the average net profits made during the immediately preceding three financial years, or where the concerned company has not completed a
period of three financial years since its incorporation, then with reterence to the immediately preceding financial year.

As per the provisions of section 135 of the Companies Act 2013, CSR is not applicable to the Company as it did not meet the applicability criteria
based on the audited linancial statements ol the immediately preeceeding tinancial year.

47. segment reporting

The Company has presented segment information in the Consolidated Financial Statements which are part ol the same annual report
Accordingly, in terms of provisions of ind as 108 ’Operating segments’, no disclosures related to segments are presented in these Standalone
Financial Statements.

The accompanying notes are an integral part of the Standalone Financial Statements
As per our report of even date

For Price Waterhouse Chartered Accountants LLP For and on behalf of the board of directors of

Firm Registration number: 012754N/N500016 STL Networks Limited

Sachin Parekh Anklt Agarwal Panka] Malik Gopal Rastogl Meenal Bansal

Partner vice Chairman & CEO & Whole Time Chief Financial Officer Company

Non Executive Director Director Secretary

Membership Number K170I8 DIN: 03344202 DIN 10949402 M No 35091

Place: Mumbai Place: London. Place- Gurugram Place: Gurugram Place: Gurugram

United Kingdom

Date: June 30.2025 Date Jure n. 2025 Date Juno ll. 2025 Dale Jine n. 2025 Date: June a 2025