2.21 Provision and contingent liabilities

A provision is recognized when a Company has a

present obligation (legal or constructive) as a result
of past events and it is probable that an outflow of
resources will be required to settle the obligation, in
respect of which a reliable estimate can be made of
the amount of the obligation. If the effect of time value
of money is material, provision is 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 a finance cost. When some
or all of the economic benefits required to settle a
provision are expected to be recovered from a third
party, the receivable is recognized as an asset, if it is
virtually certain that reimbursement will be received
and the amount of the receivable can be measured
reliably.

Provisions for onerous contracts, i.e., contracts
where the expected unavoidable costs of meeting
obligations under a contract exceed the economic
benefits expected to be received, are recognized when
it is probable that an outflow of resources embodying
economic benefits will be required to settle a present
obligation as a result of an obligating event, based on
a reliable estimate of such obligation.

A contingent liability is a possible obligation that arises
from past events whose existence will be confirmed
by the occurrence or non-occurrence of one or
more uncertain future events beyond the control of
the Company or a present obligation that is not
recognized because it is not probable that an outflow
of resources will be required to settle the obligation. A
contingent liability also arises in extremely rare cases
where there is a liability that cannot be recognized
because it cannot be measured reliably. The Company
does not recognize a contingent liability but discloses
its existence in the standalone financial statements.

Provision and contingent liabilities are reviewed at
each Balance Sheet date.

2.22 Earnings per share

Basic earnings per share is computed by dividing the
profit/(loss) after tax attributable to the equity holders
of the Company by the weighted average number of
equity shares outstanding during the year.

Diluted earnings per share is computed by dividing
the profit/(loss) after tax as adjusted for dividend,
interest (net of any attributable taxes) other charges

to expense or income relating to the dilutive potential
equity shares, by the weighted average number of
equity shares considered for deriving basic earnings
per share and the weighted average number of equity
shares which could have been issued on the conversion
of all dilutive potential equity shares.

Potential equity shares are deemed to be dilutive only
if their conversion to equity shares would decrease
the net profit per share or increase the net loss per
share. Potential dilutive equity shares are deemed
to be converted as at the beginning of the period
unless they have been issued at a later date. Dilutive
potential equity shares are determined independently
for each period presented.

2.23 Operating segment

Operating segments are reported in a manner
consistent with the internal reporting provided to the
Chief Operating Decision Maker. The Chief Executive
Officer has been identified as the Chief Operating
Decision Maker.

The Company identifies primary segments based on
the dominant source, nature of risks and returns and
the internal organization and management structure.
The operating segments are the segments for which
separate financial information is available and for
which operating profit/loss amounts are evaluated
regularly by the chief operating decision maker in
deciding how to allocate resources and in assessing
performance, the analysis of geographical segments is
based on the areas in which major operating divisions
of the Company operate.

Segment revenue, segment expenses have been
identified to the segments on the basis of their
relationship to the operating activities of the segment.

Inter-segment revenue is accounted for on the basis of
transactions which are primarily determined based on
market / fair value factors.

Revenue and expenses directly attributable to
segments are reported under each reportable
segment. Revenue and Expenses which are not
directly identifiable to any reporting segment have
been allocated to respective segments based on
Gross Order Value, the number of orders and number
of employees and other suitable basis as reviewed by
CODM.

2.24 Statement of cash flow

Cash flows from operating activities are reported
using the indirect method set out in Indian Accounting
Standard (Ind AS) 7 on Statement of Cash Flows,
whereby profit/(loss) for the period is adjusted for
the effects of transactions of a non-cash nature, any
deferrals or accruals of past or future operating cash
receipts or payments and item of income or expenses
associated with investing or financing cash flows. The
cash flows from operating, investing and financing
activities of the Company are segregated.

Cash receipts and payments for items in which the
turnover is quick, the amounts are large, and the
maturities are short has been reported on a net basis.

For the purposes of Standalone Statement of Cash
Flows, cash and cash equivalents comprise the total
cash and cash equivalents as disclosed in note 9
adjusted for bank overdraft repayable on demand.

2.25 Events occurring after the balance sheet date.

Based on the nature of the event, the Company
identifies the events occurring between the balance
sheet date and the date on which the standalone
financial statements are approved as 'Adjusting event'
and 'Non-adjusting event'. Adjustments to assets
and liabilities are made for events occurring after the
balance sheet date that provide additional information
materially affecting the determination of the amounts
relating to conditions existing at the balance sheet
date or because of statutory requirements or because
of their special nature. For non-adjusting events, the
Company may provide a disclosure in the standalone
financial statements considering the nature of the
transaction.

2.26 Discontinued Operations

A discontinued operation is a component of the
Company's business, the operations and cash flows of
which can be clearly distinguished from the rest of the
Company and which may:

- represents a separate major line of business or
geographic area of operations;

- is part of a single co-ordinated plan to dispose of
a separate major line of business or geographic
area of operations; or

- is a subsidiary acquired exclusively with a view to
resale.

Classification as a discontinued operation occurs at
the earlier of disposal or when the operation meets the
criteria to be classified as held for sale/ distribution.

When an operation is classified as a discontinued
operation, the comparative Standalone Statement of
Profit and Loss is represented as if the operation had
been discontinued from the start of the comparative
years.

2.27 Exceptional items

The Company considers exceptional items to be
those which derive from events or transactions which
are significant for separate disclosure by virtue of
their size or incidence in order for the user to obtain
a proper understanding of the Company's financial
performance. These items include, but are not limited
to, impairment charges, restructuring costs and profits
and losses on disposal of subsidiaries, contingent
consideration and other one off items which meet this
definition. To provide a better understanding of the
underlying results of the period, exceptional items are
reported separately in the Standalone Statement of
Profit and Loss.

2.28 Recent accounting pronouncements

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. As of March 31, 2026, MCA
has not notified any new standards or amendments
to the existing standards applicable to the Company
that have not been applied.

4.1 The recoverable amount of the Out of home consumption CGU has been determined based on Value in Use calculations, using
cash flow projections based on financial budgets covering a four-year forecast period and discount rate of 20.40%. The cash
flows beyond five years have been extrapolated assuming 5% long-term growth rates. As at March 31, 2026, the Company has not
identified any indication of impairment in respect of the said CGU.

4.2 The estimated recoverable amount of the Out of home consumption has exceeded its carrying amount, and an analysis of the
sensitivity of the computation to a change in key assumptions, based on any reasonable change, did not identify any probable
scenario in which the recoverable amount of said CGU would decrease below its carrying amount. Accordingly, no impairment was
recognised during the year ended March 31, 2026 and March 31, 2025.

4.3 Goodwill allocated to the Private Brands CGU had been fully impaired in the earlier years. Consequent to the discontinuation of
this business, the gross carrying amount and corresponding accumulated impairment loss has been derecognised during the year
ended March 31, 2026.

During the year ended March 31, 2026, inter-corporate deposits ("ICDs”) amounting to ' 1,130 Crore (including accrued interest)
were converted into CCDs. The CCDs are unlisted and unsecured, and are convertible into equity shares of Supr on a 1:1 basis,
at the option of the holder, within 10 years from the date of allotment. The ICDs had been fully impaired in earlier periods
(including ' 40 Crore in the previous year) and had a net carrying amount of ' Nil on the date of conversion. Accordingly,
upon derecognition of the ICDs, the related impairment allowance of ' 1,130 Crore was reversed and impairment loss of same
amount was recognised on CCDs, consequently, the net impairment allowances in the Standalone Statement of Profit and
Loss during the year is ' Nil.

5.7 During the year ended March 31, 2026, the Company divested its entire holding in Roppen Transportation Services Private
Limited ("Rapido”), for a total consideration of ' 2,399 Crore, originally acquired during the year ended March 31, 2023 at a cost
of ' 951 Crore. Of the total gain of ' 1,448 Crore, ' 93 Crore and ' 5 Crore had been recognised in other comprehensive income
during the years ended March 31, 2024 and March 31, 2025 respectively, and the remaining ' 1,350 Crore was recognised in other
comprehensive income during the year ended March 31, 2026.

5.8 During the year ended March 31, 2026, the Company acquired a 5% shareholding in Eat Holdings Limited ("EatApp”) for a total
consideration of ' 24 Crore.

5.9 During the year ended March 31, 2025, the Company recovered ' 3 Crore out of the ' 60 Crore investment in the commercial
papers of IL&FS Group, impaired originally during the year ended March 31, 2019 on account of increased credit risks and NCLT
proceedings, leading to a reversal of such recovered amount from the impairment previously recognised.

On March 01, 2023, the Company sold one of its business undertaking to Loyal Hospitality Private Limited ("LHPL”) on slump sale
basis for a consideration of ' 67 Crore. In exchange of the consideration, the Company received 6,89,358 Series B5 Compulsorily
Convertible Preference Shares (”CCPS”) of face value of ' 10 each representing 21.72% of shareholding of LHPL. Based on
the terms of the Shareholders' Agreement including the right of the Company to appoint director on the Board of LHPL, the
Company has significant influence over the investment in accordance with Ind AS 28 'Investments in Associates and Joint
Ventures'.

During the year ended March 31, 2026, the Company has carried out an impairment review and noted a decline in the value
of the LHPL investment due to accumulated losses since the acquisition date. Consequently, the Company recognized a '
13 Crore impairment provision, representing an amount equivalent to its share of these losses. This charge is presented as an
'Exceptional Item' in the Standalone Statement of Profit and Loss.

5.5 Investments in "Urbanpiper”, "EatApp'' and "Rapido” have been designated as FVTOCI since they are not held for trading and
these investee companies are not engaged in a similar line of business as the Company. Accordingly, fair value fluctuations
in respect of these investments are recognised in other comprehensive income and are not reclassified to the Standalone
Statement of Profit and Loss upon disposal.

5.6 During the year ended March 31, 2022, the Company acquired a 5% shareholding in UrbanPiper Technology Private Limited
("UrbanPiper”) in the form of Series B compulsorily convertible preference shares ("CCPS”) for a total consideration of ' 37 Crore.
In earlier periods, the Company had recognised an impairment loss of ' 9 Crore on this investment, resulting in a carrying
amount of ' 28 Crore as at March 31, 2025. As at March 31, 2026, based on the future operational plan, projected cash flows
and valuation carried out, the management is of the view that the carrying value of the aforesaid investment is appropriate.

6.1 During the year ended March 31, 2025, the Company has given Intercompany deposit ('ICD') amounting to ' 11 Crore to Supr.
The ICDs carries an interest rate of 8.60% p.a and are repayable upon maturity, ranging from three to six years. All ICDs have
been extended for business purposes.

During the year ended March 31, 2026, the outstanding ICDs with Supr amounting to ' 1,130 crore (including accrued interest)
were converted into CCDs (refer note 5.2).

(b) Terms/rights attached to equity shares

The Company has only one class of equity shares having par value of ' 1 per share (March 31, 2025: ' 1). Each
holder of equity shares is entitled to one vote per share. All equity shares rank equally with regard to dividends
and share in the Company's residual assets. The Company declares and pays dividends in Indian Rupees. The
dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual
General Meeting.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining
assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the
number of equity shares held by the shareholders.

(c) Terms/rights attached to CCCPS

During the year ended March 31, 2025, the Company had thirteen classes of 0.01% CCCPS having a par value of
' 10 per share Series A to J-2 & K1 CCCPS, one class of 0.01% Series K CCCPS having a par value of ' 10,000 per
share and 0.01% Bonus CCCPS having a par value of ' 1,000 per share. All CCCPS holders carried a cumulative
dividend rate of 0.01% per annum on an as if converted basis. Additionally, if the holders of Equity Shares were
paid dividend in excess of 0.01% per annum, the holders of the CCCPS would be entitled to dividend at such
higher rate. Any dividend proposed by the Board of Directors is subject to shareholders' approval at the ensuing
Annual General Meeting.

Preference shares of all classes of CCCPS ranked pari passu except Bonus CCCPS. Bonus CCCPS issued to
investors ranked subordinate to the Series A to Series K1 CCCPS but ranked pari-passu to instruments that were
outstanding and/or which may be issued by the Company to investors in all respects including but not limited to
voting rights, dividends and liquidation. Bonus CCCPS issued to non-investors ranked pari passu with their equity
shares issued by the Company in all respects including but not limited to voting rights, dividends and liquidation.

All classes of 0.01% CCCPS except Bonus CCCPS, Series K CCCPS and Series K1 CCCPS were convertible into
1,401 equity shares. Series K 0.01% CCCPS were convertible into 1,376 equity shares. Bonus CCCPS consisted of
Class A and Class B CCCPS where Class A Bonus CCCPS were convertible into 1 equity share and Class B Bonus
CCCPS were convertible into 1.6 equity shares as per the terms of the respective shares issue. Series K1 CCCPS
were convertible into 1 equity share.

All CCCPS were compulsorily convertible in whole or part into equity shares before the expiry of nineteen
years from the date of issuance. If not converted earlier voluntarily by the holder thereof, shall automatically

convert into equity shares at the then applicable CCCPS conversion price only in the following circumstances,
(i) in connection with a Qualified IPO, on the latest permissible date prior to the issue of Shares to the public in
connection therewith; or (ii) on the day following the completion of 19 (nineteen) years from the date of issuance
of the same.

The holders of 0.01% CCCPS have been entitled to attend meetings of all shareholders of the Company and
entitled to the same number of votes as a holder of 1 (one) equity share, subject to any adjustment, the number
of votes associated with each CCCPS were changed accordingly.

During the year ended March 31, 2025, 1,19,63,380 CCCPS (Series A to J-2) having a par value of ' 10 per share,
95,361 Series K1 CCCPS having a par value of ' 10,000 per share, 15,46,59,400 Bonus CCCPS having a par value
of ' 1,000 per share, were converted into Equity shares with face value of ' 1 each.

(e) The Company does not have any promoters as defined under the Companies Act, 2013. Accordingly, disclosure

of promoter shareholding is not applicable.

(f) Shares reserved for issue under options :

For details of shares reserved for issue under the employee stock option plan of the Company, refer note 32 for

details.

(g) Information regarding issue of shares in the last five years:

i. During the year ended March 31, 2026, the Company has allotted 20,35,25,118 equity shares of ' 1 each to the
Swiggy Employee Stock Option Trust ("Trust") for further issuance to employees and 36,40,893 equity shares
of ' 1 each to employees upon exercise of options under various ESOP schemes (refer note 32(d)).

ii. On August 29, 2023, the Company acquired 100% of shareholding in Lynks Logistics Limited ("Lynks") for a
consideration of ' 386 Crore, the consideration was discharged through issue of Series K1 CCCPS amounting
to ' 384 Crore being non-cash consideration in the form of issue of 1,07,21,700 fully paid up Series K1 CCCPS
of ' 10 each and the balance has been discharged through cash. Effective December 25, 2023, Lynks was
acquired by Scootsy for a consideration of ' 386 Crore.

iii. During the year ended March 31, 2023, the Company had allotted 1,80,11,135 fully paid up equity shares of
face value ' 1 each to Times Internet Limited pursuant to acquisition of Dineout business as a going concern
on a slump exchange basis.

iv. During the year ended March 31, 2022, the Company had issued and allotted 16,31,05,600 compulsory
convertible cumulative preference shares as fully paid up bonus shares (Bonus CCCPS) having face value of
' 1,000 each to the existing equity shareholders whose names appeared in the register of members of the
Company as on December 31, 2021 in the proportion of 1,400 Bonus CCCPS for every 1 equity share held by
the shareholders.

v. During the year ended March 31, 2022, the Company had allotted 6,737 number of equity shares in the
nature of sweat equity shares for satisfaction of conditions agreed between investors, shareholders and the
director of the Company.

Nature and purpose of reserves:

Securities premium

Securities premium represents the premium on issue of shares. The reserve can be utilised only for limited purpose
such as issue of bonus shares, utilisation towards the share issue expenses etc. in accordance with the provisions of
Companies Act, 2013.

Share based payment reserve

The employee stock options reserve represents the expenses recognised at fair value on the grant date, on the issue
of Employee stock option plan (ESOPs) to employees of the Company and its subsidiary companies, under Swiggy
ESOP 2015 (formerly known as Bundl ESOP 2015) and Swiggy ESOP 2021 (formerly known as Bundl ESOP 2021) and
Swiggy ESOP 2024.

Retained earnings

Retained earnings are the profit/(loss) that the Company has earned/incurred till date, less any transfers to other
reserves, dividends or other distributions paid to shareholders. Retained earnings is a free reserve available to the
Company and eligible for distribution to shareholders, in case where it is having positive balance representing net
earnings till date.

31 Employment benefit plans(a) Defined contribution plan

The Company makes contributions to provident fund and pension fund which are defined contribution plan for
qualifying employees. Under the schemes, the Company is required to contribute a specified percentage of the
payroll costs to fund the benefits. The Company recognized ' 22 Crore (March 31, 2025: ' 19 Crore) for provident
fund and pension fund in the standalone statement of profit and loss.

(b) Defined benefit plan

The Company offers Gratuity benefit to employees, a defined benefit plan, Gratuity plan is governed in
accordance with the Code on Social Security, 2020. The Company's gratuity plan is unfunded and provides
for a lump sum payment to vested employees at retirement, death while in employment or on termination of
employment of an amount equivalent to 15 days wages payable as defined under the Code on Wages, 2019 for
each completed year of service. Vesting occurs upon completion of contractual period of continuous years of
service as defined in Code on Social Security 2020.

The sensitivity analysis presented above may not be representative of the actual change in the defined
benefit obligation as it is unlikely that the change in assumptions would occur in isolation of one another as
some of the assumptions may be correlated.

32 Employee Stock Option Plan (ESOP)

The Company has three ESOP schemes namely Swiggy ESOP 2015 (formerly known as Bundl ESOP 2015) and
Swiggy ESOP 2021 (formerly known as Bundl ESOP 2021) and Swiggy ESOP 2024. These plans are administered by
the Nomination and Remuneration Committee (NRC) and are in compliance with the applicable provisions of the
Companies Act, 2013, the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and other
relevant laws.

(a) Swiggy ESOP 2015:

The Company introduced Swiggy ESOP 2015 for granting employee stock options, which was approved by the
Board of Directors and shareholders and subsequently amended from time to time. As at March 31, 2024, options

under the plan stood at 1,06,201, convertible into 14,87,87,115 equity shares of face value INR 1 each. Pursuant
to the recommendation of the Nomination and Remuneration Committee (NRC) at its meeting held on March
22, 2024, and the subsequent approvals of the Board of Directors and shareholders at their meetings held on
April 01, 2024 and April 03, 2024 respectively, the ESOP pool was further increased to 22,94,87,115 equity shares.
Effective April 10, 2024, Swiggy ESOP 2015 Plan has been formally sunset and all further grants will be from Swiggy
ESOP 2024.

Further, the Company changed the mode of implementation and administration of ESOP 2015 from direct
allotment to the trust route through the employee welfare trust of the Company, namely 'Swiggy Employee Stock
Option Trust' ("Trust") w.e.f April 02, 2025.

(b) Swiggy ESOP 2021:

The Company introduced Swiggy ESOP 2021 Plan for granting employee stock options, which was approved by
the Board of Directors and shareholders and amended from time to time. As at March 31, 2024, the scheme had
a pool of 24,748 options, convertible into 3,46,72,509 equity shares. Pursuant to shareholder approval on March
2023, no further grants were made under this scheme, and unissued options as well as future lapses/surrenders
were transferred to the Swiggy ESOP 2015 plan.

(c) Swiggy ESOP 2024:

The Swiggy ESOP 2024 was adopted pursuant to resolutions passed by the NRC on March 22, 2024, the Board
on April 01, 2024, and the shareholders on April 03, 2024. This Plan serves as a successor to the Swiggy ESOP 2015.
All unallocated/ungranted stock options under the ESOP 2015, as of April 10, 2024, have been made available for
grant under the ESOP 2024. An equivalent number of equity shares (subject to adjustments) may be issued upon
exercise of options under the new Plan, at such price and on such terms and conditions as may be determined
by the Nomination and Remuneration Committee, in accordance with prevailing laws. Further, the Company
changed the mode of implementation and administration of ESOP 2015 from direct allotment to the trust route
through the employee welfare trust of the Company, namely 'Swiggy Employee Stock Option Trust' ("Trust") w.e.f
April 02, 2025.

(d) Establishment of Swiggy Employee Stock Option Trust

On February 21, 2025, the Company executed a Trust deed to establish the Swiggy Employee Stock Option Trust
(the "Trust"), a private and irrevocable trust, created exclusively for the benefit and welfare of the employees of
the Company and its subsidiaries. The primary objective of the Trust is to facilitate the allotment or transfer of
equity shares to eligible employees upon the exercise of vested stock options, in accordance with the respective
ESOP schemes and the provisions of the Trust deed. The Trust shall function in accordance with the provisions of
the Companies Act, 2013, SEBI (SBEB & SE) Regulations, 2021, and other applicable laws and is governed by the
Nomination and Remuneration Committee of the Company. During the year, the Swiggy Employee Stock Option
Trust ("Trust") has transferred 4,92,66,245 (March 31, 2025: NA) equity shares of ' 1 each pursuant to the exercise of
stock options by employees under eligible Employee Stock Option Schemes.

The expected life of stock options is based on historical data and current expectations and is not necessarily indicative
of exercise patterns that may occur. The expected volatility reflects assumption that the historical volatility over a
period similar to the life of the options is indicative of future trends, which may also not necessarily be the actual
outcome.

33 Commitments and contingencies(a) Commitments

(i) Estimated amount of contracts remaining to be executed on capital account and not provided for:

As at March 31, 2026, the Company had commitment of ' 26 Crore (March 31, 2025: ' 2 Crore), net of advances
towards the procurement of property, plant and equipment.

(b) Contingent liabilities

a. Legal claims against the Company that are not acknowledged as debts amounted to ' 0 Crore (March 31,
2025 : ' 0 Crore).

b. I n December 2023, the Company received Show Cause Notices (SCNs) from the GST authorities requiring
the Company to explain why a tax liability of ' 327 Crore along with the applicable interest and penalties
for the period from July 2020 to March 31, 2022, should not be levied and recovered. The alleged amount
pertains to the delivery charges collected from the end user on behalf of the delivery partners. The Company
has filed preliminary objections against the SCN and based on the external independent expert's advice,
believes it has a strong case on merits. The Company has also filed a writ petition dated October 8, 2025
before the Hon'ble Karnataka High Court and obtained a stay on the adjudication proceedings. The matter
is being closely monitored, and the Company will address further proceedings as necessary.

c. The National Restaurant Association of India ("NRAI") filed a complaint under the Competition Act, 2002
("Competition Act") before the Competition Commission of India ("CCI") against, inter alia, our Company
alleging that certain practices of our Company were in violation of the Competition Act. CCI through an
order dated April 04, 2022, directed the Director General ("DG") to investigate the matter for which the
Company has cooperated and provided information as requested. The DG has submitted its investigation
report to the CCI and the CCI has made a copy of the report available to our Company. NRAI has filed a
writ petition against the order of the CCI declining its request for access to confidential version of the DG's
report, which is currently pending with the Hon'ble Delhi High Court. The Company has been cooperating
at each step of the process with the Hon'ble CCI to articulate compliance of its business practice with
competition laws in India and lack of any adverse effect on the competitive environment. The Company
does not believe this will have a material impact on its operations.

d. The Company has provided corporate guarantees for various facilities aggregating to ' 640 Crore (March 31,
2025: ' 64 Crore) for Swiggy Networks Limited (formerly known as Swiggy Networks Private Limited, Scootsy
Logistics Private Limited).

e. The Company has committed to support its subsidiaries and step-down subsidiaries in the event they are
unable to meet their liabilities due to losses incurred by them.

f. The Company is involved in claims through various consumer forums relating to quality of service, arbitral
matters and other disputes that arise from time to time in the ordinary course of business, which are contested
by the Company before the appropriate forums. Certain Writ petitions (including writ petition with respect
to Social security benefits for delivery partners filed by Indian Federation of APP-Based Transport Workers)
have also been filed. Management is of the view that the above matters will not have any material adverse
effect on the Company's financial position and results of operations.

34.1 All the above related party transactions are carried at arm's length price and are in the ordinary course of business. Outstanding
balances at the year-end are unsecured and settlement occurs in regular course of business.

34.2 Includes balances pertaining to assets held for sale, liabilities associated with assets held for sale and transactions relating to
discontinued operations.

34.3 Above amount also includes payment made/payable to the director of the material subsidiary.

34.4 Amount paid to KMP's do not include the provisions made for gratuity and compensated absence as it is determined on an
actuarial basis for the company as a whole.

34.5 Includes ESOP cross charge considered as deemed investment in the subsidiaries amounting to ' 39 Crore (March 31, 2025: ' 33
Crore) to Swiggy Networks Limited (formerly known as Swiggy Networks Private Limited, Scootsy Logistics Private Limited).

36 Capital management

For the purpose of Company's capital management, capital includes subscribed capital (equity and preference),
securities premium and all other equity reserves attributable to the owners of the Company. The primary objective of
the Company's capital management is to safeguard the Company's ability to continue as a going concern in order
to finance the sustained growth in the business and to protect the shareholders value.

The Company is predominantly equity financed, which is evident from the capital structure below. The Company
determines the capital requirement based on annual operating plans and long-term and other strategic investment
plans. The funding requirements are met through equity and operating cash flows generated. The Company is not
subject to any externally imposed capital requirements.

The capital structure and key performance indicators of the Company as at year ended March 31, 2026 and March 31,
2025 is as follows:

35 Operating Segments

The Company prepares the standalone financial statements along with the consolidated financial statements.
In accordance with Ind AS 108, Operating segments, the Company has disclosed the segment information in the
consolidated financial statements and is exempt from disclosing segment information in the standalone financial
statements.

(b) Valuation technique to determine fair value

37.1 The carrying value of these financial assets and liabilities in the financial statements are considered to be the same as
their fair value, due to their short term nature.

37.2 The carrying value of these financial assets and liabilities in the financial statements are carried at amortised cost. The
fair value of Investments in Non-Convertible Debentures(NCDs)/Bonds/Certificate of Deposits/Commercial Papers is
amounting to ' 4,137 Crore (March 31, 2025: ' 711 Crore).

37.3 These accounts are considered to be highly liquid / liquid and the carrying amount of these are considered to be the
same as their fair value.

37.4 The fair values of investments in mutual fund units is based on the net asset value ('NAV') as stated by the issuers of these
mutual fund units in the published statements as at balance sheet date. NAV represents the price at which the issuer will
issue further units of mutual fund and the price at which issuers will redeem such units from the investors.

37.5 Lease liabilities are recognised based on the present value of the remaining lease payments (refer note 39).

37.6 The fair values of the unquoted investments in equity instruments have been estimated using one or more of the valuation
techniques such as Discounted cash flow method ("DCF”), Comparable companies multiples method ("CCM”) and Option
pricing method ("OPM”).

(c) Fair value hierarchy

Level 1 : Quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 : Inputs other than quoted price 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 assets and liabilities that are not based on observable market data (unobservable inputs).

- CCM denotes Comparable Companies Multiple method

- DCF denotes Discounted Cash Flow method

- OPM denotes Option Pricing Method

The above sensitivity analysis 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.

38 Financial risk management

The Company has constituted a Risk Management Committee. The Company has in place a risk management
framework to identify, evaluate business risks and challenges across the Company both at corporate level and also
separately for each business division. The Company is exposed to various financial risks majorly Credit risk, Liquidity
risk, Market risk and Equity price risk. The Company's senior management oversees the management of these risks
with an objective to minimise the impact of these risks based on charters and (in) formal policies.

a. Market risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of
changes in market prices. Such changes in the values of financial instruments may result from changes in the
foreign currency exchange rates, interest rates, credit, liquidity and other market changes.

The Company's exposure to foreign currency exchange rate risk is very limited, as the Company doesn't have any
significant foreign exchange transactions. Further, the Company's investments are primarily in fixed rate interest
bearing investments. Accordingly, the Company is not significantly exposed to interest rate risk.

i. Interest rate risk:

Interest rate risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate due
to changes in market interest rates. The Company has no debt obligation during the current year. Therefore,
there is no impact of possible change in floating rate on the entity's profitability.

b. Credit risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer
contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily
trade receivables and unbilled receivables) and from its treasury activities, including deposits with banks and
financial institutions, investments in money market and other financial instruments. Credit risk has always been
managed by the Company through credit approvals, established credit limits and continuously monitoring the
creditworthiness of customers to which the Company grants credit in the normal course of business and takes the
necessary mitigation measures.

i. Trade receivables

Trade receivables consists of receivables from large number of unrelated restaurant partners and online
payment partners. The Company's credit risk with regard to receivables from restaurant is reduced by it's
business model which allows it to offset payables to restaurants against receivables. The Company operates
with known online payment partners, these are short term and carried very low credit risk at the reporting
date. The Company's trade receivables are non-interest bearing and generally carries credit period of 0
to 60 days. The Company does not have significant credit risk exposure to any single counterparty. The
Company does not hold collateral as security.

As per Ind AS 109, the Company uses the expected credit loss model to assess the impairment loss. In
determining the impairment allowance (allowance for doubtful debts), the Company has used a practical
expedient by computing the expected credit loss allowance for trade receivables based on a provision
matrix. The provision matrix takes into account historical credit loss experience as well as the current economic
conditions and is adjusted for forward looking information. Refer note 27 for the details on impairment
allowances for doubtful debts and advances and note 8 for the outstanding trade receivable balance
which is subject to credit risk exposure of the Company. Provision created for outstanding receivables less
than 180 days is not material (refer note 8.1).

ii. Financial instruments 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 approved investment policy. Investments of surplus funds
are made primarily in mutual fund units, fixed maturity plan securities, fixed deposits, quoted bonds,
certificate of deposits, commercial papers etc. Investments of certificate of deposits, zero coupon bonds,
commercial papers etc., are made only with approved counterparties and within credit limits. Counterparty
credit ratings are reviewed by the Company's Audit Committee on periodic basis.

Similarly, counterparties of the Company's other receivables carry either negligible or very low credit risk.
Further, the Company reviews the creditworthiness of the counterparties on the basis of its financial strength
on an ongoing basis and if required, takes necessary mitigation measures.

The Company's maximum exposure to credit risk for the components of the balance sheet is the carrying
amounts as illustrated in note 5 and the liquidity table below.

c. Liquidity risk

Liquidity risk is the risk of being unable to meet the payment obligations resulting from financial liabilities, which
may arise from unavailability of funds. The exposure to liquidity risk is closely monitored on company level
using daily liquidity reports and regular cash forecast reports to ensure adequate distribution. The Company
believes that cash and cash equivalents and current investments are sufficient to meet its current requirements,
accordingly, no liquidity risk is perceived.

d. Equity price risk

The Company does not have any material exposures to equity price risk, other than those mentioned in note
37(e) above.

39 Leases

The Company has entered into lease contracts for premises to use it for commercial purpose to carry out it business
i.e. office buildings and for its operations of cloud kitchen set up. These lease contracts of premises have lease terms
between 2 and 10 years. Lease agreements does not depict any restrictions/covenants imposed by lessor. The
Company also has certain leases of buildings (temporary spaces) with lease terms of 12 months or less. The Company
has elected to apply the recognition exemption for leases with a lease term (or remaining lease term) of twelve
months or less. Payments associated with short-term leases are recognised on a straight-line basis as an expense in
statement of profit and loss over the lease term.

40 Corporate Social Responsibility ('CSR') activity

As per Section 135 of The Company's Act, 2013, a Corporate Social Responsibility ('CSR') committee has been formed
by Company. The primary function of the committee is to assist the Board of Directors in formulating a CSR policy
and review the implementation and progress of the same from time to time. The CSR policy intends to adopt the CSR
activities mentioned in the Schedule VII of the Company's Act, 2013. The Company has incurred losses during the three
immediately preceding financial years and accordingly CSR contribution is not applicable to the Company.

41 Compliance with FDI regulation:

Swiggy Limited has received foreign direct investment (including FII) and therefore, the Company is required to comply
with regulations applicable to Foreign Direct Investments in e-commerce entities.

FDI is governed by (collectively, "Exchange Control Regulations") (a) the Foreign Exchange Management Act, 1999
(including the rules and regulations made thereunder) ("FEMA"), the consolidated FDI policy issued by the Department
for Promotion of Industry and Internal Trade effective October 15, 2020 ("DPIIT") ("FDI Policy"), Foreign Exchange
Management (Non-Debt Instrument) Rules, 2019 (Notification No. S.O. 3732(E) dated October 17, 2019) as amended
from time to time ("NDI Rules"), as amended from time to time, circulars / notifications issued by the RBI from time to
time, and the policy statements issued by the Government of India/ DPIIT, through press notes (collectively, the "FEMA
Regulations").

The Company has evaluated the guidance above and has obtained a legal opinion from the external legal counsel
to conclude that with regard to the food delivery, the Company conducts its businesses under the category namely
'sale of services through e-commerce'. Accordingly, the conditions enumerated in Para 15.2.3 of the NDI Rules are not
applicable to the Company for the food delivery business and other businesses under the category. Accordingly, the
Company has not determined any possible exposure on account of compliance with conditions enumerated under
PN2 and PN3 in relation to businesses under the category 'sale of services through e-commerce. In relation to the
Instamart business under category namely 'sale of goods through e-commerce', the Company duly complies with the
conditions set forth under Para 15.2.3 of the NDI Rules including PN2.

42 During the year ended March 31, 2025, Swiggy incorporated a wholly-owned subsidiary, Swiggy Sports Pvt. Ltd., as
part of its strategic initiatives to diversify and expand its presence in the sports and entertainment sector. The newly
formed entity is established with the primary objective of acquiring franchise rights in the World Pickleball League -
India Edition ("WBPL"). The WBPL is recognized as India's first official global franchise-based pickleball league.

43 Slump-sale of Instamart Business

During the year ended March 31, 2026, the Board of Directors of the Company approved the incorporation of a
wholly-owned step-down subsidiary, "Swiggy Instamart Private Limited", under "Swiggy Networks Limited" (formerly
known as Swiggy Networks Private Limited, Scootsy Logistics Private Limited), for the transfer of the Company's Quick
commerce business (Instamart) on a going concern basis by way of slump sale for a consideration representing the
net book value of the net assets transferred. This transaction was approved by the Board of Directors of the Company
on September 23, 2025 and subsequently by the shareholders on November 01, 2025 through postal ballot.

The effective date of the transfer is April 01, 2026. Accordingly, as at 31 March 2026, the assets and liabilities pertaining
to the Instamart business have been classified as "held for sale" and the net results of the Instamart business for
the current and previous year are disclosed separately as "discontinued operations" in the standalone financial
statements, as required by Ind AS 105 - Non-current assets held for sale and Discontinued operations and Division II
of Schedule III to the Companies Act, 2013.

44.1 Ratios variances have been explained for any change by more than 25% as compared to the previous year.

44.2 Debt-Equity Ratio and Debt Service Coverage Ratio are not relevant for the Company as it is not significant.

44.3 Includes tangible net worth lease liabilities.

45 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 does not have any transactions with companies struck off.

(iii) The Company has not revalued its property, plant and equipment (including right-of-use assets) or intangible
assets or both during the current or previous year.

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

(v) The Company has not 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.

(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 not made any 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 had availed a working capital demand loan during the year, which was fully repaid. The Company
is regular in submitting quarterly returns to the bank in respect of the facility availed and such returns are in
agreement with the books of account.

(ix) None of the entities in the Company have been declared wilful defaulter by any bank or financial institution or
government or any government authority.

(x) The Company has complied with the number of layers prescribed under the Companies Act, 2013.

(xi) The Company has not entered into any scheme of arrangement which has an accounting impact on current or
previous financial year.

46 Other notes

i. The Government of India has consolidated 29 existing labour legislations into a unified framework comprising
four Labour Codes, viz., Code on Wages, Code on Social Security, 2020, Industrial Relations Code, 2020 and
Occupational Safety, Health and Working Conditions Code 2020 (collectively referred to as "Labour Codes").
These Labour Codes govern employee-related matters, including employee benefits during employment
and post-employment and have been made effective November 21, 2025. Based on actuarial valuation, the
Company has recognised the impact of additional gratuity liability arising from the implementation of the
New Labour Codes as "Statutory impact of new Labour Codes" under "Exceptional items" in the Standalone
Statement of profit and loss for the year ended March 31, 2026, considering the non-recurring nature of this
impact. This incremental impact is primarily arising due to change in wage definition. The Company continues to
monitor the developments pertaining to Labour Codes and will evaluate impact if any on the measurement of
liability pertaining to employee benefits.

ii. During the year ended March 31, 2026, the Company allotted 26,66,66,663 equity shares of face value ' 1 each to
eligible Qualified Institutional Buyers (QIB) at an issue price of ' 375 per equity share (including premium of ' 374
per equity share) aggregating to ' 10,000 crore pursuant to Qualified Institutions Placement (QIP) in accordance
with the provisions of Securities and Exchange Board of lndia (Issue of Capital and Disclosure Requirements)
Regulations (the "SEBI ICDR Regulations").

iii. During the year ended, March 31, 2025, the Company has completed its Initial Public Offer (IPO) of 29,04,68,426
Equity shares of face value of ' 1 each at an issue price of ' 390 per share (including a share premium of ' 389
per share). A discount of ' 25 per share was offered to eligible employees bidding in the employee's reservation
portion of 3,36,794 Equity shares. The issue comprised of a fresh issue of 11,53,80,563 Equity shares aggregating to
' 4,499 Crore and offer for sale of 17,50,87,863 equity shares by selling shareholders aggregating to ' 6,828 Crore.
Pursuant to the IPO, the equity shares of the Company were listed on National Stock Exchange of India Limited
(NSE) and BSE Limited (BSE) on November 13, 2024.

iv. During the year ended March 31, 2026, the Company had availed a working capital demand loan for ' 50 Crore,

carrying an interest rate ranging from 715% - 740% p.a. (March 31, 2025: NA), repayable in 90 days. The facility is
secured by a first charge on the current assets and movable fixed assets of the Company, supported by a 15%
margin money deposits under lien. The loan was repaid fully during the year. The Company has complied with all
debt covenants and conditions.

47 Subsequent events

i. Subsequent to the balance sheet date, the Swiggy Employee Stock Option Trust ("Trust") has transferred 84,29,598
equity shares of ' 1 each pursuant to the exercise of stock options by employees under various Employee Stock
Option Schemes.

ii. Subsequent to the balance sheet date, the Board of Directors of the Company, in their meeting held on April 10,
2026, appointed Mr. Rahul Bothra (DIN: 08189873) and Mr. Phani Kishan Addepalli (DIN: 10074650) as Additional
Directors (Executive Non-Independent) of the Company, with effect from June 01, 2026, to hold office up to the
ensuing Annual General Meeting ("AGM"). Further, Mr. Lakshmi Nandan Reddy Obul has rendered his resignation
as Whole time Director - Head of Innovation of the Company effective April 10, 2026.