3.21 Accounting of Provisions, Contingent Liabilities and
Contingent Assets

Provisions are recognised, when there is a present legal or
constructive obligation as a result of past events, where it is
probable that there will be outflow of resources to settle the
obligation and when a reliable estimate of the amount of the
obligation can be made. Where a provision is measured using the
cash flows estimated to settle the present obligation, its carrying
amount is the present value of those cash flows. Where the effect
is material, the provision is discounted to net present value using
an appropriate current market-based pre-tax discount rate and
the unwinding of the discount is included in finance costs.

Contingent liabilities are recognised only when there is a
possible obligation arising from past events, due to occurrence
or non-occurrence of one or more uncertain future events, not
wholly within the control of the Company, or where any present
obligation cannot be measured in terms of future outflow
of resources, or where a reliable estimate of the obligation

cannot be made. Obligations are assessed on an ongoing basis
and only those having a largely probable outflow of resources
are provided for.

Provisions, contingent liabilities and contingent assets are
reviewed at each Balance Sheet date.

Contingent assets are not disclosed in the financial statements
unless an inflow of economic benefits is probable.

3.22 Dividend to Equity shareholders

Dividend to equity shareholders is recognised as a liability and
deducted from Shareholders' Equity, in the period in which
the dividends are approved by the equity shareholders in the
general meeting.

3.23 Earnings per share ('EPS')

Basic earnings per share

Basic earnings per share are calculated by dividing the profit (or
loss) attributable to the owners of the Group 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).

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.

3 A. Critical accounting judgements and key sources of
estimation uncertainty

The preparation of the financial statements in conformity
with the Ind AS requires management to make judgements,
estimates and assumptions that affect the application of
accounting policies and the reported amounts of assets,
liabilities and disclosures as at date of the financial statements
and the reported amounts of the revenues and expenses for
the years presented. The estimates and associated assumptions
are based on historical experience and other factors that are
considered to be relevant. Actual results may differ from these
estimates under different assumptions and conditions.

The estimates and underlying assumptions are reviewed
on an ongoing basis. Revisions to accounting estimates are
recognized in the period in which the estimate is revised if the
revision affects only that period, or in the period of the revision
and future periods if the revision affects both current and
future periods.

(i) Critical Judgments

In the process of applying the Company's accounting
policies, management has made the following
judgements, which have the most significant effect on
the amounts recognised in the financial statements:

Discount rate used to determine the carrying amount
of the Company's employee defined benefit obligation

In determining the appropriate discount rate for
plans operated in India, the management considers
the interest rates of government bonds in currencies
consistent with the currencies of the post-employment
benefit obligation.

Contingences and commitments

In the normal course of business, contingent liabilities
may arise from litigations and other claims against the
Company. Where the potential liabilities have a low
probability of crystallising or are very difficult to quantify
reliably, we treat them as contingent liabilities. Such
liabilities are disclosed in the notes but are not provided
for in the financial statements. Although there can be
no assurance regarding the final outcome of the legal
proceedings, we do not expect them to have a materially
adverse impact on our financial position or profitability.

(ii) Key sources of estimation uncertainty

The key assumptions concerning the future, and
other key sources of estimation uncertainty at the
end of the reporting period, that have a risk of causing
a material adjustment to the carrying amounts of
assets and liabilities within the next financial year are
discussed below:

Useful lives of property, plant and equipment

As described in Note 3.5, the Company reviews the
estimated useful lives and residual values of property,
plant and equipment at the end of each reporting period.
During the current financial year, the management has
reassessed the useful lives of certain property, plant and
equipment and the impact of the change is not material
for the year. There were no changes in residual values of
the property, plant and equipment.

Allowances for doubtful debts

The Company makes allowances for doubtful debts
based on an assessment of the recoverability of trade
and other receivables. The identification of doubtful
debts requires use of estimates. Where the expectation
is different from the original estimate, such difference
will impact the carrying value of the trade and other
receivables and doubtful debts expenses in the period in
which such estimate has been changed.

Allowances for inventories

Management reviews the inventory age listing on
a periodic basis. This review involves comparison of
the carrying value of the aged inventory items with
the respective net realizable value. The purpose is to
ascertain whether an allowance is required to be made
in the financial statements for any obsolete and slow-
moving items. Management is satisfied that adequate
allowance for obsolete and slow-moving inventories has
been made in the financial statements.

Liability for sales return

In making estimate for liability for sales return, the
management considered the detailed criteria for the
recognition of revenue from the sale of goods set out in
Ind AS 115 and in particular, whether the Company had
transferred to the buyer the significant risk and rewards
of ownership of the goods. Following the detailed
quantification of the Company's liability towards sales
return, the management is satisfied that significant risk
and rewards have been transferred and that recognition
of the revenue in the current year is appropriate, in
conjunction with the recognition of an appropriate
liability for sales return.

Accruals for estimated product returns, which are
based on historical experience of actual sales returns
and adjustment on account of current market scenario
is considered by Company to be reliable estimate of
future sales returns.

Provision for rebates, discounts and incentives

The recognition and measurement of rebates, discounts
and incentives involves significant estimates, particularly
the expected level of claims of each of the customers.
Assumption of level of customer wise claims for rebates,
discounts and incentives relates to estimating which of
the Company's customers will ultimately be subject to a
related rebate, discount and/ or incentive.

Employee benefit obligations

Employee benefit obligations are determined using
actuarial valuations. An actuarial valuation involves
making various assumptions that may differ from actual
developments. These include the estimation of the
appropriate discount rate, future salary increases and
mortality rates. Due to the complexities involved in
the valuation and its long-term nature, the employee
benefit obligation is highly sensitive to changes in these
assumptions. All assumptions are reviewed at each
reporting date.

Provisions and contingencies

From time to time, the Company is subject to legal
proceedings, the ultimate outcome of each being
subject to uncertainties inherent in litigation. A provision
for litigation is made when it is considered probable
that a payment will be made and the amount can be
reasonably estimated. Significant judgement is required
when evaluating the provision including, the probability
of an unfavorable outcome and the ability to make a
reasonable estimate of the amount of potential loss.
Litigation provisions are reviewed at each accounting
period and revisions made for the changes in facts and
circumstances. Contingent liabilities are disclosed in the
notes forming part of the financial statements. Contingent
assets are not disclosed in the financial statements unless
an inflow of economic benefits is probable.

Deferred income tax assets and liabilities

Significant management judgement is required to
determine the amount of deferred tax assets that can be
recognised, based upon the likely timing and the level of
future taxable profits.

The amount of total deferred tax assets could change
if management estimates of projected future taxable
income or if tax regulations undergo a change.

Impairment of Financial assets (other than at fair value)

The Company assesses on a forward looking basis the
expected credit losses associated with its assets carried at
amortised cost and debt instruments carried at FVTOCI.
The impairment methodology applied depends on
whether there has been a significant increase in credit risk.
In respect of trade receivables the Company applies the
simplified approach permitted by Ind AS 109 - Financial
Instruments, which requires expected lifetime losses to
be recognised upon initial recognition of the receivables.
For all other financial assets, expected credit losses are
measured at an amount equal to the 12-months expected
credit losses or at an amount equal to the life time
expected credit losses if the credit risk on the financial
asset has increased significantly since initial recognition.

The Company reviews its carrying value of investment
in subsidiaries and goodwill carried at cost (net of
impairment, if any) annually, or more frequently when
there is indication for impairment. If the recoverable
amount is less than its carrying amount, the impairment
loss is accounted for in the statement of profit and loss.

Impairment of PPE, CWIP and intangible assets

The carrying values of assets / cash generating units
('CGU') at each balance sheet date are reviewed to
determine whether there is any indication that an asset
may be impaired. If any indication of such impairment
exists, the recoverable amount of such assets / CGU is
estimated and in case the carrying amount of these
assets exceeds their recoverable amount, an impairment

loss is recognised in the Statement of Profit and Loss.
The recoverable amount is the higher of the net selling
price and their value in use. Value in use is arrived at by
discounting the future cash flows to their present value
based on an appropriate discount factor. Assessment is
also done at each balance sheet date as to whether there
is indication that an impairment loss recognised for an
asset in prior accounting periods no longer exists or
may have decreased, consequent to which such reversal
of impairment loss is recognised in the Statement of
Profit and Loss.

Goodwill impairment

The Company reviews goodwill carried at cost (net of
impairment, if any).

Goodwill is tested for impairment on an annual basis
and whenever there is an indication that the recoverable
amount of a cash generating unit is less than its carrying
amount based on a number of factors including operating
results, business plans, future cash flows and economic

conditions. If the recoverable amount is less than its
carrying amount, the impairment loss is accounted for in
the statement of profit and loss.

The recoverable amount of cash generating units is
determined based on higher of value-in-use and fair
value less cost to sell. The goodwill impairment test is
performed at the level of the cash-generating unit or
Company of cash-generating units which are benefitting
from the synergies of the acquisition and which represent
the lowest level at which goodwill is monitored for
internal management purposes.

Market related information and estimates are used to
determine the recoverable amount. Key assumptions
on which management has based its determination of
recoverable amount include estimated long term growth
rates, weighted average cost of capital and estimated
operating margins. Cash flow projections take into
account past experience and represent management's
best estimate about future developments.

Notes:

1. Buildings includes 2 flats (March 31, 2025 - 6 flats) which are classified as Investment Property by the Company in accordance with IND AS 40 "Investment Property".

2. Cost of buildings includes cost of Nil shares (March 31, 2025 : 2 shares) of H 100 each fully paid and 5 shares (March 31, 2025 : 15 shares) of H 250 each fully paid in
respect of ownership flats in 1 (March 31, 2025 : 2) Co-operative Societies.

3. Rental income recognised by the Company during the year ended March 31, 2026 was H 0.29 crore (March 31, 2025: H 0.51 crore) and was included in 'Other income'
(refer note 25).

4. The Company has not capitalised any borrowing cost during the current year (March 31, 2025 : H Nil).

5. Total fair value of Investment Property is H 10.55 crore (March 31, 2025 : H 23.64 crore). Refer note (a) and (b).

6. The Company has not recognised any impairment loss during the year (March 31, 2025 : H Nil).

7. During the current year, 3 flats having carrying value of H 0.36 crore (March 31, 2025 : Nil flats) were transferred from Investment Property to Asset held for Sale (refer
note 14 : Assets held for Sale).

8. The figures in italics are for the previous year.

(a) Fair Value Heirarchy

The fair value of investment property has been determined by external independent property valuers as defined under Rule(2)
of Companies (Registered Valuers and Valuation) Rules 2017, having appropriate recognised professional qualification and recent
experience in the location and category of the property being valued.

The fair value measurement for all of the investment property has been categoried as a level 3 fair value based on the inputs to the
valuation techniques used.

(b) Description of Valuation Technique used

The Company obtains Independent Valuations of its investment property as per requirement of Ind AS 40. The fair value of
the investment property have been derived using the Direct Comparison Method. The direct comparison approach involves a
comparison of the investment property to similar properties that have actually been sold in arms-length distance from investment
property or are offered for sale in the same region. This approach demonstrates what buyers have historically been willing to pay
(and sellers willing to accept) for similar properties in an open and competitive market, and is particularly useful in estimating the
value of the land and properties that are typically traded on a unit basis. This approach leads to a reasonable estimation of the
prevailing price. Given that the comparable instances are located in close proximity to the investment property, these instances
have been assessed for their locational comparative advantages and disadvantages while arriving at the indicative price assessment
for investment property.

6 (a) : Goodwill on amalgamation (continued)

Goodwill includes amount of H 165.22 crore (March 31, 2025 H 165.22 crore) allocated to Seeds business of Rallis India Limited (earlier named
as Metahelix Life Sciences Limited). The recoverable amount of Cash Generating Unit 'CGU' was based on its value in use determined by
discounting the future cash flows using discount rate of 9.42% per annum (March 31, 2025 10.3% per annum) for the period of 5 years using
a 4.00 % per annum (March 31, 2025 4.00% per annum) annual growth rate. The recoverable amount was determined to be higher than its
carrying amount of CGU.

Goodwill of H 30.60 crore (March 31, 2025 H 30.60 crore) has been allocated to Geogreen business of Rallis India Limited (earlier named as
Zero Waste Agro Organics Limited). The recoverable amount of Cash Generating Unit 'CGU' was based on its value in use determined by
discounting the future cash flows using discount rate of 9.42% per annum (March 31, 2025 10.3% per annum) for the period of 5 years using
a 5.00 % per annum (March 31, 2025 5.00% per annum) annual growth rate. The recoverable amount was determined to be higher than its
carrying amount of CGU.

An analysis of the sensitivity of the computation to a combined change in key parameters (operating margin, discount rates and long term
average growth rate), based on reasonably probable assumptions, did not identify any probable scenario in which the recoverable amount of
the CGU would decrease below its carrying amount.

20: Trade payables (continued)

The Company has entered into an arrangement with a bank under a scheme of the Reserve Bank of India, under which certain suppliers may
obtain financing directly from the bank, at their option. Under the arrangement, the bank extends credit to such growers/suppliers based on
its independent credit assessment. The Company's role is limited to facilitation, including suggesting eligible suppliers, and the bank retains
sole discretion in sanctioning such credit. The principal purpose of this arrangement is to facilitate access to financing for suppliers.

The Company has not derecognised the original trade payables, as neither a legal release has been obtained nor has the original liability been
substantially modified on entering into the arrangement.

From the Company's perspective, the arrangement does not significantly extend payment terms beyond the normal terms agreed with other
suppliers that are not participating. Payments to suppliers continue to be made in accordance with agreed terms, and the arrangement may
provide participating suppliers with access to early financing independently of the Company.

The Company continues to present amounts payable to suppliers within trade payables, as the nature and function of these payables remain
consistent with those of other trade payables.

Based on the above, the arrangement has been considered a supplier finance arrangement as envisaged under Ind AS 107.

All payables under the arrangement are classified as current as at March 31, 2026 and March 31,2025.

Non cash changes

There were no significant non-cash changes in the carrying amount of financial liabilities subject to supplier finance arrangements.
The payments to the bank are included within operating cash flows because they continue to be part of the normal operating cycle and
their principal nature remains operating i.e., payments for the purchase of goods and services. The payments to a supplier by the bank of
H 88.23 crore are considered non-cash transactions. For additional information about how these arrangements affect the Company exposure
to liquidity risk, refer note 37 Financial Instruments.

34: Segment information

Products and services from which reportable segments derive their revenues

Information reported to the Chief Operating Decision Maker ('CODM') for the purpose of resources allocation and assessment of segment
performance focuses on the types of goods or services delivered or provided. No operating segments have been aggregated in arriving at the
reportable segments of the Company.

Based on the current operations, the Company has determined Agri inputs as reportable segments. Agri-inputs segment comprises of
Pesticides, Plant Growth Nutrients, Organic Compost and Seeds. The other segment includes 'Polymer'.

34: Segment information (continued)

For the purpose of monitoring segment performance and allocation resources between segments:

- All assets are allocated to reportable segments other than investments, other financial assets, non-current tax assets, cash & bank
balances, fixed deposits and interest accrued thereon.

- All liabilities are allocated to reportable segments other than borrowings, other financial liabilities, interest accrued on loans, provision
for supplemental pay, ex-director's pension scheme, unpaid dividend, current and deferred tax liabilities.

Geographical information

The Company operates in two principal geographical areas - India and outside India.

The Company's revenue from continuing operations from external customers by location of operations and information about its non-current
assets* by location of assets are detailed below:

36: Employee benefit plans
Defined contribution plans

Contribution to provident fund and Employees' State Insurance Corporation ('ESIC')

The Company makes provident fund contributions to defined contribution retirement benefit plans for eligible employees. Under the scheme,
the Company is required to contribute a specified percentage of the payroll costs to fund the benefits. The contributions as specified under the
law are paid to Government authorities (PF commissioner) at factories.

Amount recognised as expense and included in the Note 29 — in the head 'Contribution to Provident and other funds' for March 31, 2026:
H 10.21 crore (March 31, 2025: H 10.06 crore)

Defined benefit plans

The Company offers its employees, defined-benefit plans in the form of a gratuity scheme (a lump sum amount), a supplemental pay scheme (a
life long pension) and ex-director pension liability. The gratuity scheme covers substantially all regular employees, ex-director pension liability
covers ex-director and supplemental pay plan covers certain former executives. In the case of the gratuity scheme, the Company contributes
funds to Gratuity Trust, which is irrevocable. Ex-director pension liability and supplemental pay scheme are not funded. Commitments are
actuarially determined at year-end. The actuarial valuation is done based on 'Projected Unit Credit' method.

These plans typically expose the Company to actuarial risk such as: investment risk, interest rate risk, longevity risk and salary risk.

Investment risk:

The present value of the defined benefit plan liability is calculated using a discount rate which is determined by reference to market yields at
the end of the reporting period on Government bonds. If the return on plan asset is below this rate, it will create plan deficit.

Interest risk:

A decrease in the bond interest rate will increase the plan liability; however, this will be partially offset by an increase in the plan assets.

36: Employee benefit plans (continued)

Longevity risk:

The present value of the defined benefit plan liability is calculated by reference to the best estimate of the mortality of plan participants both
during and after their employment. An increase in the life expectancy of the plan participants will increase the plan's liability.

Salary risk

The present value of the defined benefit plan liability is calculated by reference to the future salaries of plan participants. As such, an increase
in the salary of the plan participants will increase the plan's liability.

Defined contribution plans

The Company makes provident fund contributions to defined contribution retirement benefit plans for eligible employees. Under the scheme,
the Company is required to contribute a specified percentage of the payroll costs to fund the benefits. The contributions as specified under the
law are paid to the provident fund set up as a trust by the Company in case of certain locations. The Company is liable for contributions and any
deficiency compared to interest computed based on the rate of interest declared by the Central Government under the Employees' Provident
Fund Scheme, 1952 and recognises, if any, as an expense in the year it is determined.

The Company's board of directors holds overall responsibility for establishing and overseeing the Company's risk management framework. To
support this, the board of directors has established the risk management committee, which is responsible for developing and monitoring the
Company's risk management policies. The committee reports regularly to the board of directors on its activities.

The Company, through its corporate treasury function provides services to the business teams, co-ordinates access to domestic financial
markets, monitors and manages the financial risk related to the operations of the Company. These risks include market risk (including currency
risk, interest rate risk and other price risk), credit risk and liquidity risk.

The use of financial derivatives is governed by the Company's risk management policy, approved by the board of directors. This policy
provides written principles on foreign exchange risk, interest rate risk, credit risk, the use of financial derivatives and non-derivatives financial
instruments, Similarly, the board-approved investment policy provides guidance for investing excess liquidity. Compliance with these policies
and exposure limits is reviewed by the internal auditors on a continuous basis. The Company does not enter or trade financial instruments,
including derivative financial instruments, for speculative purposes.

The corporate treasury function reports quarterly to the Company's audit committee that monitors risks and policies implemented to mitigate
risk exposures.

Market risk

The Company's activities expose it primarily to the financial risk of changes in foreign currency exchange rates. The Company enters into a
variety of derivative financial instruments to manage its exposure to foreign currency risk including forward foreign exchange contracts to
hedge the exchange rate risk arising on imports and exports.

a) Foreign currency risk management

The Company undertakes transactions denominated in foreign currencies; consequently, exposures to exchange rate fluctuations arise.
Exchange rate exposures are managed within approved policy parameters utilising forward foreign exchange contracts.

The Company is mainly exposed to the currency : USD, EUR, JPY, GBP, AUD, AED and CHF.

The following table details the Company's sensitivity to a 5% increase and decrease in the H against the relevant foreign currencies. 5%
is the sensitivity rate used when reporting foreign currency risk internally to key management personnel and represents management's
assessment of the reasonably possible change in foreign exchange rates. This is mainly attributable to the exposure outstanding on
receivables and payables in the Company at the end of the reporting period. The sensitivity analysis includes only outstanding foreign
currency denominated monetary items and adjusts their translation at the period end for a 5% change in foreign currency rate. A
positive number below indicates an increase in the profit or equity where the H strengthens 5% against the relevant currency. For a 5%
weakening of the H against the relevant currency, there would be a comparable impact on the profit or equity, and the balances below
would be negative.

Note: USD= US Dollar; JPY = Japanese Yen.

The line item in the Balance Sheet that includes the above hedging instruments are "other financial assets and other
financial liabilities".

b) Other price risk
Equity risk

There is no material equity risk relating to the Company's equity investments which are detailed in note 7 'Other investments'. The
Company's equity investments majorly comprises of strategic investments rather than trading purposes.

The Company is mainly exposed to the price risk due to its investment in mutual funds. The price risk arises due to uncertainties about
the future market values of these investments. At March 31, 2026, the investments in mutual funds amounts to H 501.78 crore (March
31, 2025: H 408.12 crore). These are exposed to price risk. The Company has laid policies and guidelines which are adhered to in order to
minimise price risk arising from investments in mutual funds. A 1% increase/ (decrease) in prices would increase/(decrease) the profit or
loss by the amounts shown below :

c) Interest risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument that will fluctuate because of changes in
market rates. The Company's exposure to the risk of changes in market rates relates primarily to the Company's non-current debt
obligation with floating interest rates. The Company's policy is generally to undertake non-current borrowing using facilities that carry
floating interest rate.

Moreover, the short-term borrowings of the Company do not have a significant fair value or cash flow interest rate risk due to
their short tenure.

37: Financial instruments (continued)

The credit risk on investment in mutual funds and derivative financial instruments is limited because the counter parties are reputed
banks or funds sponsored by reputed bank.

Impairment losses on Financial assets and contract assets recognised in profit and loss (refer note 11 Trade receivable).

Liquidity risk management

Ultimate responsibility for liquidity risk management rests with the Board of Directors, which has established an appropriate liquidity
risk management framework for the management of the Company's short-term, medium-term and long-term funding and liquidity
management requirements. The Company manages liquidity risk by maintaining adequate reserves, banking facilities and reserve
borrowing facilities, by continuously monitoring forecast and actual cash flows, and by matching the maturity profiles of financial assets
and liabilities.

As described in note 20: Trade payables the Company has a supplier finance arrangement, wherein the financier with the principal
purpose of facilitating efficient payment processing of supplier dues and providing the suppliers with range of realisation of receivables
from the Company as compared with the related invoice payment due date, which provides credit to the suppliers as the Banking rule
& regulation in India. The Company plays the role of facilitator by making suggestions of the suppliers to whom credit can be extended
(which is at sole discretion of the bank).

This banking arrangement does not significantly extend supplier credit terms beyond the normal terms agreed with other suppliers that
are not participating (see note 20).

All current financial liabilities are repayable within one year. The contractual maturities of non-current liabilities are disclosed in note no. 18.
Liquidity risk table

The following tables detail the Company's remaining contractual maturity for its non-derivative and derivative financial liabilities with
agreed repayment periods. The tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the
earliest date on which the Company can be required to pay.

Credit risk management

Credit risk refers to the risk that a counter party will default on its contractual obligation resulting in financial loss to the Company. The
Company uses its own trading records to evaluate the credit worthiness of its customers. The Company's exposures are continuously
monitored and the aggregate value of transactions concluded, are spread amongst approved counter parties. Outstanding customer
receivables are reviewed periodically. Provision is made based on expected credit loss method and specific identification method (refer
note 11 Trade receivable).

The credit risk related to the trade receivables is mitigated by taking security deposits / letter of credit - as and where considered
necessary, setting appropriate credit terms and by setting and monitoring internal limits on exposure to individual customers.

There is no substantial concentration of credit risk as the revenue and trade receivables from any of the single customer do not exceed
10% of Company revenue and trade receivables.

39: Contingent liabilities

The Company is involved in a number of appellate, judicial and arbitration proceedings (including those described below) concerning matters
arising in the course of conduct of the Company's businesses. Some of these proceedings in respect of matters under litigation are in early
stages, and in some other cases, the claims are indeterminate. A summary of claims asserted on the Company in respect of these cases have
been summarised below.

(i) It is not practicable for the Company to estimate the timings of cash outflows, if any, in respect of the above pending resolution of the
respective proceedings as it is determinable only on receipt of judgements/decisions pending with various forums/authorities.

(ii) The Company has reviewed all its pending litigations and proceedings and has adequately provided for where provisions are required or
disclosed as contingent liabilities where applicable, in its financial statements.

(iii) The above matters are inclusive of interest and penalty upto the date of order.

a. Guarantees

Guarantees issued by bank on behalf of the Company as on March 31, 2026 is H 20.10 crore (March 31, 2025 H 21.68 crore). Out
of these H Nil crore are covered by the charge created in favour of the said Company's bankers by way of hypothecation of
stock and debtors.

b. Tax contingencies

Amounts in respect of claims asserted by various revenue authorities on the Company, in respect of taxes, which are in dispute,
have been tabulated below:

The Company had also filed the Writ petition for surrender of all godowns except 3 godowns. The said surrendered writ petition
was allowed by the high court by an order dated March 7, 2025 and accordingly those premises are surrendered. After surrendering
two godowns during the year currently the Company has one godown in possession.

Management is generally unable to reasonably estimate a range of possible loss for proceedings or disputes other than those
included in the estimate above, including where:

(i) plaintiffs / parties have not claimed an amount of money damages, unless management can otherwise determine an
appropriate amount;

(ii) the proceedings are in early stages;

(iii) there is uncertainty as to the outcome of pending appeals or motions or negotiations;

(iv) there are significant factual issues to be resolved; and/or

(v) there are novel legal issues presented.

However, in respect of the above matters, management does not believe, based on currently available information, that the
outcomes of the litigation, will have a material adverse effect on the Company's financial condition, though the outcomes could be
material to the Company's operating results for any particular period, depending, in part, upon the operating results for such period.

40: Commitments

(i) Estimated amount of contract with minimum commitment for plant activity H 43.63 crore (March 31,2025 H 1.18 crore).

(ii) Estimated amount of contracts remaining to be executed on capital account of property, plant and equipment is H 9.28 crore (March 31,
2025 H 12.56 crore) and Intangible assets is H 1.27 crore (March 31, 2025 H 3.04 crore) against which advances paid aggregate H 0.86 crore
( March 31, 2025 H 0.79 crore).

276 j

to the Financial Statements for the year ended March 31,2026

All amounts are in H crore unless otherwise stated

44 : Title deeds of Immovable Property not held in the name of the Company

As at March 31,2026

Equipment (amalgamated with Rallis India

Limited in 1972)

45: Borrowing based on security of inventory and book debts

The quarterly returns/ statements read with subsequent revisions filed by the Company with the banks are in agreement with the
books of accounts.

to the Financial Statements for the year ended March 31, 2026

All amounts are in H crore unless otherwise stated

46 : Ratios

(i) It is not practicable for the Company to estimate the timings of cash outflows, if any, in respect of the above pending resolution of the
respective proceedings as it is determinable only on receipt of judgements/decisions pending with various forums/authorities.

(ii) The Company has reviewed all its pending litigations and proceedings and has adequately provided for where provisions are required or
disclosed as contingent liabilities where applicable, in its financial statements.

(iii) The above matters are inclusive of interest and penalty upto the date of order.

a. Guarantees

Guarantees issued by bank on behalf of the Company as on March 31, 2026 is H 20.10 crore (March 31, 2025 H 21.68 crore). Out
of these H Nil crore are covered by the charge created in favour of the said Company's bankers by way of hypothecation of
stock and debtors.

b. Tax contingencies

Amounts in respect of claims asserted by various revenue authorities on the Company, in respect of taxes, which are in dispute,
have been tabulated below:

The Company had also filed the Writ petition for surrender of all godowns except 3 godowns. The said surrendered writ petition
was allowed by the high court by an order dated March 7, 2025 and accordingly those premises are surrendered. After surrendering
two godowns during the year currently the Company has one godown in possession.

Management is generally unable to reasonably estimate a range of possible loss for proceedings or disputes other than those
included in the estimate above, including where:

(i) plaintiffs / parties have not claimed an amount of money damages, unless management can otherwise determine an
appropriate amount;

(ii) the proceedings are in early stages;

(iii) there is uncertainty as to the outcome of pending appeals or motions or negotiations;

(iv) there are significant factual issues to be resolved; and/or

(v) there are novel legal issues presented.

However, in respect of the above matters, management does not believe, based on currently available information, that the
outcomes of the litigation, will have a material adverse effect on the Company's financial condition, though the outcomes could be
material to the Company's operating results for any particular period, depending, in part, upon the operating results for such period.

40: Commitments

(i) Estimated amount of contract with minimum commitment for plant activity H 43.63 crore (March 31,2025 H 1.18 crore).

(ii) Estimated amount of contracts remaining to be executed on capital account of property, plant and equipment is H 9.28 crore (March 31,
2025 H 12.56 crore) and Intangible assets is H 1.27 crore (March 31, 2025 H 3.04 crore) against which advances paid aggregate H 0.86 crore
( March 31, 2025 H 0.79 crore).

50: Other Statutory Information

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

ii. The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

iii. The Company has not been declared as wilful defaulter by any bank or financial institution or other lender.

iv. The Company has not entered in to any 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).

v. The Company has not received any funds from any persons or entities, including foreign entities ('Funding Parties'), with the understanding,
whether recorded in writing or otherwise, that the Company shall:

- directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever ('Ultimate Beneficiaries') by or
on behalf of the Funding Party or

50: Other Statutory Information (continued)

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

vi. The Company has not advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of
funds) to or in any other persons or entities, including foreign entities ('Intermediaries'), with the understanding, whether recorded in
writing or otherwise, that the Intermediary shall:

- directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever ('Ultimate Beneficiaries') by or
on behalf of the Company or

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

51: Exceptional items

Exceptional item as disclosed in Statement of Profit and Loss for the year ended March 31,2026 comprises:

(a) Profit on sale of flats amounted to H 10.84 crore and profit on sale of freehold land amounted to H 2.95 crore (net of costs). (March 31,
2025: Exceptional item comprised profit on sale of leasehold land (net of costs) amounting to H 1.17 crore.)

(b) Impact of labour codes : On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the
Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020

- consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment
of the financial impact due to changes in regulations. The Company has assessed and disclosed the incremental impact of these changes of
H 40.02 crore on the basis of best information available, consistent with the guidance provided by the Institute of Chartered Accountants of
India. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Company has presented such incremental
impact under 'Exceptional items' in the statement of profit and loss for the year ended March 31,2026.

The incremental impact consisting of gratuity of H 40.02 crore primarily arises due to change in wage definition. The Company continues
to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and
would provide appropriate accounting effect on the basis of such developments as needed.

52:Subsequent event

The Board of Directors at its meeting held on April 27, 2026 has recommended a dividend of H 3 per equity share (March 31, 2025 : H 2.50 per
equity share), subject to shareholders approval at annual general meeting.

53: The Company made a contribution to an electoral trust of H Nil (March 31, 2025 H 4.95 crore) which is included in Other expenses.

54: The MCA wide notification dated March 24, 2021 has amended Schedule lll to the Companies Act, 2013 in respect of certain disclosures.
The Company has incorporated appropriate changes in the financial statements of March 31, 2026 and March 31, 2025.