H) Provisions, Contingent Liabilities and Contingent Assets
Provisions

A provision is recognized when the Company has a present obligation (legal or constructive)
as a result of past events and it is probable that an outflow of resources embodying economic
benefits will be required to settle the obligation, in respect of which a reliable estimate can be
made of the amount of obligation. Provisions (excluding gratuity and compensated absences)
are determined based on managements estimate required to settle the obligation at the Balance
Sheet date. In case the time value of money is material, provisions are discounted using a
current pre-tax rate that reflects the risks specific to the liability. When discounting is used,
the increase in the provision due to the passage of time is recognized as a finance cost. These
are reviewed at each Balance Sheet date and adjusted to reflect the current management
estimates.

Contingent liabilities

A disclosure for a contingent liability is made when there is a possible obligation or a present
obligation that may, but probably will not, require an outflow of resources. Where there is a
possible obligation or a present obligation in respect of which the likelihood of outflow of
resources is remote, no provision or disclosure is made.

Contingent assets

Contingent assets are not recognized in the financial statements. However, contingent assets
are assessed continually and if it is virtually certain that an inflow of economic benefits will
arise, the asset and related income are recognized in the period in which the change occurs.

I) Revenue recognition

Revenue is recognized, when the company satisfies a performance obligation by transferring
a promised good or service to its customers. The company considers the terms of the contract
and its customary business practices to determine the transaction price. Performance
obligations are satisfied at the point of time when the customer obtains controls of the asset.

Revenue is measured based on transaction price, which is the fair value of the consideration
received or receivable, stated net of discounts, returns and value added tax. Transaction price
is recognized based on the price specified in the contract, net of the estimated sales incentives/

discounts. Accumulated experience is used to estimate and provide for the discounts/ right of
return, using the expected value method.

J) Borrowing Costs

Borrowing costs consist of interest and other costs that the Company incurs in connection
with the borrowing of funds. Also, the EIR amortization is included in finance costs.

K) Tax Expenses
Income Tax

Current income tax is recognized based on the estimated tax liability computed after taking
credit for allowances and exemptions in accordance with the Income Tax Act, 1961. Current
income tax assets and liabilities are measured at the amount expected to be recovered from or
paid to the taxation authorities. The tax rates and tax laws used to compute the amount are
those that are enacted or substantively enacted, at the reporting date.

Deferred Tax

Deferred tax is determined by applying the Balance Sheet approach. Deferred tax assets and
liabilities are recognized for all deductible temporary differences between the financial
statements carrying amount of existing assets and liabilities and their respective tax base.
Deferred tax assets and liabilities are measured using the enacted tax rates or tax rates that
are substantively enacted at the Balance Sheet date. The effect on deferred tax assets and
liabilities of a change in tax rates is recognized in the period that includes the enactment
date. Deferred tax assets are only recognized to the extent that it is probable that future
taxable profits will be available against which the temporary differences can be utilized.
Such assets are reviewed at each Balance Sheet date to reassessrealization. Deferred tax
assets and liabilities are offset when there is a legally enforceable right to offset current tax
assets and liabilities. Current tax assets and tax liabilities are offset where the entity has a
legally enforceable right to offset and intends either to settle on a net basis, or to realize the
asset and settle the liability simultaneously.

L) Earnings Per Share

The Company presents basic and diluted earnings per share (EPS) data for its ordinary shares.
Basic earnings per share are computed by dividing the net profit after tax by the weighted
average number of equity shares outstanding during the period. Diluted earnings per share is
computed by dividing the profit after tax by the weighted average number of equity shares
considered for deriving basic earnings per share and also the weighted average number of
equity shares that could have been issued upon conversion of all dilutive potential equity
shares.

M) Recent Accounting Pronouncements.

Ministry of Corporate Affairs (“MCA”) notifies new standard or amendments to the existing
standards. There is no such notification which would have been applicable from April 1,
2020.

N) Employee Benefits

The present value of the defined benefit obligations depends on a number of factors that are
determined on an actuarial basis using various assumptions. The assumptions used in
determining the net cost/(income) includes the discount rate, wage escalation and employee
attrition. Any changes in these assumptions will impact the carrying amount of obligations.
The discount rate is based on the prevailing market yields of Indian Government securities as
at the Balance Sheet date for the estimated term of the obligations.

O) Trade Receivables

The credit worthiness of Trade Receivables and the credit terms set are determined on a case
to case basis and the Management has factored in the uncertainties arising out of COVID-19,
as applicable. Based on other internal and external sources of information as determined by
the Management, the Company expects to fully recover the carrying amount of Trade
Receivables.

The fair values of Trade Receivables are not considered to be significantly different from
their carrying values, given their generally short period to maturity, with impairment reviews
considered on an individual basis rather than when these become overdue.

for Samudrala K & Co LLP for and on behalf of Board of Directors of

C^harte^{red Accountants} Bhudevi Infra Projects Limited

^Firm’^{s Re}g^{istration N}°. ^S200142 CIN:L45100TS1992PLC175723

Sd/- Sd/- Sd/- Sd/-

Karunasree Samudrala Rohan Rajendrakumar Bhatt Bhasker K Bhatt V Arun

Partner Chief Financial Officer Managing director Company Secretory

Membership No: 220150 PAN:AJBPB5787F DIN: 09463033 Membership No: A76806

Place: Hyderabad
Date: 28 May 2025