r) Provisions

Provisions are recognised when the Company has
a present obligation (legal or constructive) as a
result of a past event, it is probable that an outflow
of resources embodying economic benefits will be
required to settle the obligation and a reliable estimate
can be made of the amount of the obligation. When
the Company expects some or all of a provision to be
reimbursed, for example, under an insurance contract,
the reimbursement is recognised as a separate asset,
but only when the reimbursement is virtually certain.
The expense relating to a provision is presented in the
statement of profit and loss net of any reimbursement.
(Refer Note 2(m)(i) for Expected Credit Losses)

s) Contingent Liabilities and Assets

Contingent liabilities are disclosed when there is
a possible obligation arising from past events, the
existence of which will be confirmed only by the
occurrence or non-occurrence of one or more
uncertain future events not wholly within the control of
the Group or a present obligation that arises from past
events where it is either not probable that an outflow
of resources will be required to settle the obligation
or a reliable estimate of the amount cannot be
made. Contingent assets are neither recognised nor
disclosed in the Consolidated Financial Statements.

t) Contributed equity

Equity shares are classified as equity. Incremental
costs directly attributable to the issue of new shares
or options are shown in equity as a deduction, net of
tax, from the proceeds.

u) Dividends

Provision is made for the amount of any dividend
declared, being appropriately authorised and no
longer at the discretion of the entity, on or before the
end of the reporting period but not distributed at the
end of the reporting period.

v) Earnings per share

(i) Basic earnings per share

Basic earnings per share is calculated by dividing:

- the profit attributable to owners of the Company

- by the weighted average number of equity
shares outstanding during the financial year,
adjusted for bonus elements in

equity shares issued during the year and
excluding treasury shares

(ii) Diluted earnings per share

Diluted earnings per share adjusts the figures used in
the determination of basic earnings per share to take
into account:

- the after income tax effect of interest and other
financing costs associated with dilutive potential
equity

- the weighted average number of additional
equity shares that would have been outstanding
assuming the conversion of all dilutive potential
equity shares.

w) Current/non current classification

The Company presents assets and liabilities in the
standalone balance sheet based on current/ non¬
current classification. An asset is treated as current
when it is:

(a) Expected to be realised or intended to be sold or
consumed in normal operating cycle

(b) Held primarily for the purpose of trading

(c) Expected to be realised within twelve months
after the reporting period, or

(d) Cash or cash equivalent unless restricted from
being exchanged or used to settle a liability for at
least twelve months after the reporting period

All other assets are classified as non-current.

A liability is current when:

(a) It is expected to be settled in normal
operating cycle

(b) It is held primarily for the purpose of trading

(c) I t is due to be settled within twelve months after
the reporting period, or

(d) There is no unconditional right to defer the
settlement of the liability for at least twelve
months after the reporting period.

The Company classifies all other liabilities as non¬
current.

Deferred tax assets and liabilities are classified as non¬
current assets and liabilities.

The operating cycle is the time between the acquisition
of assets for processing and their realisation in cash
and cash equivalent.

The Company has identified twelve months as its
operating cycle.

x) Cash Flows

Cash Flows are reported using the indirect method,
whereby profit before tax 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. The company considers all
highly liquid investments that are readily convertible to
known amounts of cash to be cash equivalents.

y) RBI Application Under FEMA Act, 1999

The company has long outstanding receivables and
payable balances from/to its foreign subsidiaries.
The company has made RBI Application for seeking
approval for set-off of Trade Receivables from its
100% foreign subsidiaries against Trade Payables to its
100% foreign subsidiaries under the Foreign Exchange
Management Act, 1999, and regulations thereunder.

The subsidiaries receivables were accrued pursuant
to the software development services provided by
the company to the above mentioned subsidiaries.

The subsidiaries were unable to generate enough
business for payment of dues to the company. Due
to this reason the management has applied for set off
of intercompany receivables and payables to reserve
bank of India under FEMA regulations and it is still in
process.

z) 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. For the year ended
31^st March 2026, MCA has notified amendments G.S.R.
291(E)- The Companies (Indian Accounting Standards)
Amendment Rules 2025 dated 7^th May 2025 & G.S.R.
549(E)- Companies (Indian Accounting Standards)
Second Amendment Rules 2025 to the existing
standards applicable to the company."

aa) Rounding of amounts

All amounts disclosed in the financial statements and
notes have been rounded off to the nearest crore as
per the requirement of Schedule III, unless otherwise
stated.

Notes:

1. In the previous years, the Company had acquired certain Building under a lease arrangement for a period of sixty years at a premium
of ' 0.50 Crores starting from December 04, 2000, ' 15.62 Crores starting from March 13, 2000 and ' 5.05 Crores starting from
March 01, 2003 and the same was reclassified as ROU assets and amortised over the lease period.

2. Property, Plant and Equipment pledged as security against borrowings by the Company

Refer to Note no 36 for information on property, plant and equipment pledge as security by the Company, if any.

3. Contractual Obligations

Refer to Note no 31 for disclosure of contractual commitments for the acquisition of property, plant and equipment, if any.

4. Refer note no 38 for details on addition and disposal of Right of use assets.

1. Significant Estimate : Useful life of Intangible Assets

Refer to sub note (m) of Note 2 'Material Accounting Policies’.

2. In accordance with IND AS 36 - Impairment of Assets, the Company carried out an impairment assessment of its intangible
assets. A fair valuation of certain software products was conducted by a registered valuer, while an internal fair valuation, based on
management’s estimates and assumptions, was performed for the remaining software products.

Based on the outcome of these assessments, the following adjustments were recorded;

a) An impairment provision of ' Nil was recognized (Previous Year: ' 3.94 crores); and

b) The reversal of impairment of ' 1.14 crores (Previous Year: ' 9.05 crores) relating to the Next Gen 5G software product was
offset by amortisation of an equivalent amount recognized during the year.

3. Due to the termination of the underlying customer contract, the remaining carrying amount of one of the intangible assets was fully
amortised, resulting in an additional amortisation expense of ' 0.37 crores for the year ended March 31, 2026.

The impairment provision impact on the below three products has been considered based on valuation done by independent
registered valuer under Level 3 hierarchy of IND AS 36 using fair value as per Discounted cash flow method, in the said valuation
exercise based on below assumptions :

1. The Company had held Series A, C and D Zero Coupon Redeemable Convertible Preference Shares in 3i Infotech Holdings Private
Limited (together the 'Preference Shares’), which matured in FY 2017-18. The said Preference Shares have then been renewed with
same terms and are now having maturity date as March 24, 2030. In the previous year maturity date was March 24, 2025.

2. I n Previous years, the Company had measured its Redeemable Convertible Preference Shares (RCPS) at amortised cost in
accordance with the applicable requirements of Ind AS. From the Previous financial year, after extension in terms, the Company
has classified the RCPS as an equity in nature and measured them at cost in accordance with Ind AS This change in classification
and measurement has been accounted for prospectively from the date of renewal of terms.

3. NuRe Infotech Solution PTE Ltd has been wound up effective from September 01, 2025 and the resulting impact has been recognised
in the Statement of Profit and Loss.

4. The Investment in equity shares is ' 101.04 Crores (March 31, 2025'101.04 Crores) and preference shares is ' 760.75 Crores
(March 31, 2025'760.75 Crores) of 3i infotech Holding Private Limited, Mauritius aggregating to ' 861.79 crores (March 31, 2025
' 861.79 crores) have been presented in Note no 18 Legacy related liabilities and assets.

5. I nformation required under paragraph 17 (b) of Ind AS 27 regarding investments in subidiaries, joint ventures and associates has
been disclosed in Note no 32.

6. The Company diluted its stake in NuRe MediaTech Limited from 100% to 51% through a strategic investment. As a result, NuRe
MediaTech and its wholly-owned subsidiary, NuRe Bharat Network Limited, ceased to be wholly owned subsidiaries of the Company
and continue as subsidiaries effective March 31, 2025.

7. 3i Infotech UK Ltd holds 250 equity shares of the Saudi Arabia LLC in a fiduciary capacity on behalf of the company.

8. Pursuant to the Board’s approval dated August 13, 2025, bankruptcy proceedings have been initiated for 3i Infotech Saudi Arabia
LLC and are currently in progress.

There are long outstanding assets and liabilities with subsidiaries / step-down subsidiaries. The Board had set up a Legacy Committee
as a Sub - Committee of the Audit Committee, to evaluate and address all long outstanding legacy related matters. After evaluating the
reports of Sub Committee, the Board of Directors of the Company at its meeting held on January 31, 2024, decided to initiate Forensic
Audit in respect of certain legacy matters pertaining to the period prior to March 31, 2021 under the erstwhile management. The Company
had engaged an external consultant to conduct the forensic audit and the final report submitted by them was reviewed and accepted
by the Board of Directors at its meeting held on January 29, 2025. Based on the findings and observations of the final report, there were
no further implications or adverse financial impact on the current or future financial and operational position of the Company, other than
those already appropriately accounted for in the financial statements.

Pursuant to the recommendations of the Audit Committee and based on legal opinions obtained, the Board of Directors, at its meeting
held on May 14, 2025, had constituted a High-Powered Committee, comprising of external experts, to review the legal opinions and
advise on the appropriate course of action with respect to divestment of 100% stake in eMudhra Consumer Services Limited via a
share purchase agreement dated December 30, 2010 and the redemption of preference share issued by emudra. The High-Powered
Committee submitted its report to the Company on November 05, 2025. The Board of Directors of the Company at its meeting held on
November 12, 2025, reviewed and accepted the report, including its recommendations and accordingly decided to initiate appropriate
legal actions. Accordingly, the Company had filed a complaint with Additional Commissioner of Police, Economic Offences Wing, Belapur
on February 03, 2026 and with the SEBI on February 12, 2026, to investigate this matter.

The matter is currently under investigation. The Company continues to monitor the progress of the same and will take such further
actions as may be deemed necessary.

A). The Company has an outstanding liability payable towards purchase of Intellectual Property Rights (IPR), since 2012 to its foreign
branch in Dubai/3i Infotech (Middle East) FZ LLC amounting to ' 1,066.39 crores. The liability towards purchase of IPR was not settled
by the Company within the time limit prescribed under FEMA Regulations and the Company had approached Reserve Bank of India
(RBI) in 2013 through authorized dealer to extend the timeline for repayment of the aforesaid liability till March 31, 2017.

Not being able to settle the liability even by 2017, the Company had thereafter made an application to the Reserve Bank of India (RBI),
through its authorized dealer vide letter dated March 05, 2019 and subsequently on October 23, 2020, for set - off of the liability/
payables to foreign branch in Dubai/ 3i Infotech (Middle East) FZ LLC of ' 1,066.39 crores against its trade receivables then due from
3i Infotech Inc, 3i Saudi Arabia and 3i Africa of ' 392.33 crores, ' 113.47 Crores and ' 30.46 crores respectively. The Company has
not received the RBI approval till reporting date.

B) . The Company is carrying certain long outstanding receivables from various foreign subsidiaries (including shown above) amounting

to ' 444.48 Crores (FY 2024-25: ' 431.74 crores). Considering the current market scenario and low operations in many of the
subsidiaries, and even though the Company has a net payable position with respect to the receivables and payables balances of
its subsidiaries, the Company recognized a loss allowance amounting to ' 335.69 Crores till March 31, 2026 on a conservative and
prudent basis. The net balance outstanding from subsidiaries (net off provisions) is ' 108.79 Crores (FY 2024-2025: ' 96.05 crores).

C) . The Company had made investments in Equity and Redeemable Convertible Preference Shares of 3i Infotech Holdings Private

Limited in Mauritius between 2006-07 to 2011-12. The Company has recognized a provision for diminution in value of investments of
' 891.70 Crores (FY 24-25: ' 891.70 crores). The net outstanding balance of investment in this subsidiary is ' 861.79 Crores (FY 24-25:
' 861.79 crores).

The Company had not been able to meet its obligation of payment of ' 1,066.39 crores to its foreign branch in Dubai/3i Infotech
(Middle East) FZ LLC, consequently leading to a cascading effect of 3i Infotech FZ LLC not being able to payback amount due to 3i
Infotech Inc. and 3i Infotech Holdings Pvt Ltd in Mauritius. Further, it has had a cascading effect of 3i Infotech Inc. not being able to
redeem the preference shares issued by it to 3i Infotech Holdings Pvt Ltd. In view of the non-realization of the preference shares in 3i
Infotech Inc and the loan to 3i Infotech (Middle East) FZ LLC, 3i Infotech Holdings Pvt Ltd has not been able to redeem the preference
shares of 3i Infotech Limited. Thus, effectively non-payment of the obligation of ' 1,066.39 crores by the Company to its foreign
branch in Dubai/3i Infotech (Middle East) FZ LLC has led to the non-realization of the preference shares invested in by the Company.

There is no major change in the quantum of investments/receivables and payables from/to these subsidiaries since 2012. It has
always been the intention to settle the receivables and payables on a net basis, subject to the legal and the regulatory approvals.
During the FY 2023-24, impairment provisions have been made against receivables and investments on a prudent and conservative
basis in view of the delay in obtaining the legal and regulatory approvals. As and when such approvals are received in future, the
estimate of the recoverable and payable amounts will be suitably revised.

To reflect a more appropriate and a true and fair presentation of the balances on the balance sheet,in line with para 19 of Ind AS 1,
the Company has presented all the legacy outstanding balances of its receivables of ' 108.79 crores (FY 2024-25: ' 96.05 crores),
payables of ' 1,082.84 crores (FY 2024-25: ' 1,081.34 crores) and investments of ' 861.79 crores (FY 2024-25: ' 861.79 crores) relating
to these wholly owned subsidiaries as a single line item of ' 112.26 crores (FY 2024-25: ' 123.51 crores) 'Legacy related liabilities and
assets’ in its balance sheet. The net balance would reflect the substance that had the Company been able to pay off its liabilities
to its wholly owned subsidiaries, it would have received such amounts back as recovery of its receivables/ investments in such
subsidiaries.

I f the legacy outstanding balances of receivables and investments relating to these wholly owned subsidiaries had not been
presented as a single line item, as mentioned above, then the investments, receivables and payables would be higher by ' 861.79
crores (FY 2024-25: ' 861.79 crores), ' 108.79 crores (FY 2024-25: ' 96.05 crores) and ' 1,082.84 crores (FY 2024-25- ' 1,081.34
crores) respectively.

*On November 21, 2025, the Government of India notified four Labour Codes, effective immediately, replacing the existing 29 labour laws. In
accordance with Ind AS 19 - Employee benefits changes to employee benefit plans arising from legislative amendments are treated as plan
amendments requiring immediate recognition of past service cost in the Statement of Profit and Loss. This approach is consistent with the
guidance issued by the Institute of Chartered Accountants of India.

Considering the material and non-recurring nature of the impact arising from the change in law, the additional gratuity liability of ' 2.40 Cr has
been disclosed as an Exceptional Item in the Statement of Profit and Loss for the year. Subsequent to the date of notification, it is considered
as part of normal profit and loss account.

The Company will continue to monitor further developments including the finalization of the central and state rules under the New Labour
Codes, which are yet to be notified and shall evaluate and give effect to any consequential accounting adjustments, if any arising therefrom
in future periods, as and when required.

(i) Leave Encashment

The leave obligations cover the company’s liability for sick and earned leave.

The amount of the provision of ' 1.03 Crores (March 31, 2025: ' 0.72 Crores) is presented as current, since the Company does not
have an unconditional right to defer settlement for any of these obligations.

(ii) Post Employment obligations
(a) Defined benefit plan - Gratuity

The Company provides gratuity benefits to eligible employees in accordance with the applicable provisions of the Code on Social
Security, 2020 and the rules made thereunder, as amended from time to time.

Employees who have rendered continuous service in accordance with the applicable provisions of the Code are eligible for gratuity
upon resignation, retirement, superannuation, termination, death, or permanent disablement, subject to the eligibility criteria
prescribed under the law.

Gratuity is calculated based on the employee’s last drawn wages and is generally payable at the rate of 15 days’ wages for every
completed year of continuous service or part thereof in excess of six months, using the prescribed statutory formula. For eligible
fixed-term employees, gratuity shall be payable in accordance with the provisions of the Code and applicable rules.

(iii) Defined contribution plans

The Company also has defined contribution plans. Contributions are made to provident fund in India for employees at the rate of 12%
of basic salary as per regulations. The contributions are made to registered provident fund administered by the government. The
obligation of the Company is limited to the amount contributed and it has no further contractual nor any constructive obligation. The
expense recognised during the year towards defined contribution plan (PF, ESIC, Pension and LWF) is ' 5.91 Crores (March 31, 2025:
' 6.27 Crores).

30. | SHARE BASED PAYMENTS
(a) Employee Stock option plan

The Company’s Employee Stock Option Schemes are applicable to “Eligible Employees” as defined in the scheme which includes
directors and employees of the Company and its subsidiaries. Currently, the Company has 2 schemes, ESOS 2018 (as amended)
and ESOS 2023.

i) ESOS Scheme 2018-

ESOS Scheme 2018 provide for issue of equity options up to 15% of the paid-up equity capital to eligible employees.

The options granted under ESOS 2018 vest in a graded manner over a three year period, with 33%, 33% and 34% of the grants
vesting in each year, commencing one year from the date of the grant and the same can be exercised within 5 years from the
date of vesting. One Stock option if exercised will be equivalent to one equity share.

ii) ESOS Scheme 2023-

The total number of options granted under ESOS 2023 as reduced by the options lapsed, surrendered, forfeited or cancelled
shall not exceed 1,00,00,000 ( 1crore). The Board of Directors of the Company have approved the ESOS scheme 2023 on
February 02, 2023 and subsequently the shareholders have approved the same by postal ballot on June 25, 2023.

The options which will be granted under ESOS 2023, vest in a graded manner over a three year period, with 30%, 30% and
40% of grants vesting in each year, commencing one year from the date of grant.

#Rating scale: 5 rating will be higher and 1 being lower.

*year of grant shall take rating eligibility as 3 and above - rating shall be drawn from previous year appraisal or mid-year
appraisal, whichever period preceds granting of options.

**Vesting of granted options for the year of vesting shall be in line with performance level for the previous year of appraisal.

iv) During the year ended March 31, 2026, the Company granted 34,94,814 stock options, comprising 33,53,048 options under the
ESOS 2023 Scheme and 1,41,766 options under the ESOS 2018 Scheme. During the previous year ended March 31, 2025, the
Company had granted 20,13,000 stock options, comprising 15,13,000 options under the ESOS 2023 Scheme and 5,00,000
options under the ESOS 2018 Scheme.

Financial instruments with fixed and variable interest rates are evaluated by the Company based on parameters such as interest rates
and individual credit worthiness of the counterparty. Accordingly, fair value of such instruments is not materially different from their
carrying amounts.

The fair values for loans, security deposits and investments in preference shares were calculated based on cash flows discounted
using a current lending rate. They are classified as level 3 fair values in the Fair value hierarchy due to the inclusion of unobservable
inputs including counterparty credit risk.

The fair values of current borrowings are based on discounted cash flows using a current borrowing rate. They are classified as
level 3 fair values in the fair value hierarchy due to the use of unobservable inputs, including own credit risk.

In FY 2023-24, the fair values of Preference Shares are based on discounted cash flows method. They are classified as level 3
fair values in the fair value hierarchy due to the use of unobservable inputs, including own credit risk. For Current FY (Previous
FY: 2024-25) - refer note no 5(a) sub notes 1 & 2.

ii. Fair Value Hierarchy

This section explains the judgments and estimates made in determining the fair values of the financial instruments that are measured
at amortised cost and for which fair values are disclosed in the financial statements. To provide an indication about the reliability of
the inputs used in determining fair value, the Company has classified its financial instruments into three levels prescribed under the
accounting standard. An explanation of each level follows underneath the table:

The Fair value of Preference shares has resulted in a foreign exchange gain/(loss) of NIL (FY 2024-25'20.71 Crores) and Interest
income on the same amounts to of NIL (FY 2024-25'28.30 Crores). It has been recognised in the statement of profit and loss. (refer
note no 5(a))

The financial instruments are categorised into three levels based on the inputs used to arrive at fair value measurements
as described below:

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

Level 2 - Inputs other than the quoted prices included within Level 1 that are observable for the asset or liability, either directly or
indirectly; and

Level 3 - If one or more of the significant inputs are not based on observable market data, the instrument is included in level 3. This
is the case for unlisted equity shares included in level 3.

iii. Valuation technique used to determine fair value

Specific Valuation techniques used to value financial instruments include:

- the use of quoted market prices or dealer quotes for similar instruments

- the fair value of the remaining financial instruments is determined using discounted cash flow analysis

iv. Valuation processes

The finance department of the Company includes a team that assesses the valuation of financial assets and liabilities required for
financial reporting purposes, including level 3 fair values. Wherever required, valuation reports from Professional Entities are being
considered at frequent intervals.

34. | FINANCIAL RISK MANAGEMENT

The Company is exposed primarily to fluctuations in foreign currency exchange rates, credit, liquidity and interest rate risk, which may
adversely impact the fair value of its financial instruments. The Company has a risk management policy which covers risks associated
with the financial assets and liabilities. The risk management policy is approved by Board of Directors. The focus of the risk management
committee is to assess the unpredictability of the financial environment and to mitigate potential adverse effects on the financial
performance of the Company.

(i) Market Risk

Market risk is the risk that the fair value or the future cash flows of a financial instrument will fluctuate because of the change in
market prices. Such changes in the value of financial instruments may result from changes in the foreign currency exchange,
interest rates, credit, liquidity and other market changes. The Company’s exposure to market risk is primarily on account of foreign
currency exchange rate risk.

(a) Foreign currency exchange rate risk

The fluctuation in foreign currency exchange rate may have potential impact on the statement of profit and loss and the other
comprehensive income and equity, where any transaction reference more than one currency or where assets/liabilities are
denominated in a currency other than the functional currency of the Company.

Considering the countries and the economic environment in which the Company operates, its operations are subject to risk
arising from fluctuations in exchange rates in those countries. The risks primarily relates to fluctuations in US Dollar, Great
Britain Pound, UAE Dirham and Euro against the functional currency of the Company.

The Company, as per its current risk management policy, does not use any derivatives instruments to hedge foreign exchange.
Further, any movement in the functional currency of the various operations of the Company against major foreign currencies
may impact the Company’s revenue in international business.

The Company evaluates the impact of the foreign exchange rate fluctuation by assessing its exposure to exchange rate risks.
Apart from exposures of foreign currency payables and receivables, which partially are naturally hedged against each other,
the Company does not use any hedging instruments to hedge its foreign currency exposures; in line with the current risk
management policies.

The foreign exchange rate sensitivity is calculated by aggregation of the net foreign exchange rate exposure and a simultaneous
parallel foreign exchange rate shift of all the currencies by 1% against the functional currency of the Company.

The following analysis has been worked out based on the net exposures of the Company as of the date of Balance Sheet
which could affect the statement of profit and loss and the other comprehensive income and equity.

The following table set forth information relating to foreign currency exposure as at March 31, 2026:

1% appreciation/depreciation of the respective foreign currencies with respect to functional currency of the Company would
result in decrease /increase in the Company 's profit before tax and other equity by approximately ' 4.33 Crores for the year
ended March 31, 2025.

(b) Interest rate risk

The Company’s fixed rate borrowings are carried at amortised cost. They are therefore not subject to interest rate risk as
defined in Ind AS 107, since neither the carrying amount nor the future cash flows will fluctuate because of a change in market.

(ii) Credit risk

Credit risk is the risk that the counterparty will not meet its obligations leading to a financial loss. Credit risk arises from cash
and cash equivalents, investments carried at amortised cost and deposits with banks and financial institutions, as well as credit
exposures to customers including outstanding receivables and unbilled revenues.

(1) Credit risk management

- Trade receivables and Unbilled revenues

The credit risk has always been managed by the group through an assessment of the companies financials , market intelligence
and customers credibility.

The Company makes provisions for Debtors and Unbilled based on a critical assessment of the amount in relation to the
ageing combined with the historical trend observed in the respective geography, the past history of the client and comparison
with similar projects to determine the recoverability of the receivables.

As a practical expedient, the Company uses a provision matrix to determine impairment loss allowance on portfolio of its trade
receivables and unbilled revenue. The provision matrix is based on its historically observed default rates over the expected life
of the trade receivables and is adjusted for forward-looking estimates. At every reporting date, the historical observed default
rates are updated and changes in the forward-looking estimates are analysed.

- Other Financial Assets

The Company considers the probability of default upon initial recognition of asset and whether there has been a significant
increase in credit risk on an ongoing basis throughout each reporting period. To assess whether there is a significant increase
in credit risk the company compares the risk of a default occurring on the asset as at the reporting date with the risk of default
as at the date of initial recognition. It considers available reasonable and supportive forwarding-looking information.

A default on a financial asset is when the counterparty fails to make contractual payments when they fall due. This definition
of default is determined by considering the business environment in which entity operates and other macro-economic factors.

(2) Credit risk exposure

- Trade receivables and Unbilled revenues

The carrying amount of trade receivables and unbilled revenues represents the maximum credit exposure from customers.
The maximum exposure to credit risk from customers is ' 422.68 Crores (March 31, 2025: ' 417.47 Crores). The lifetime expected
credit loss on customer balance for the year ended March 31, 2026 is ' 344.99 Crores (March 31, 2025: ' 342.16 Crores).

- Other Financial Assets

The carrying amount of cash and cash equivalents, investments carried at amortised cost, deposits with banks and financial
institutions and other financial assets represents the maximum credit exposure. The maximum exposure to credit risk is
' 181.25 Crores (March 31, 2025: ' 200.05 Crores). The lifetime expected credit loss on these financial assets for the year ended
March 31, 2026 is ' 2.81 Crores (March 31, 2025: ' 2.85 Crores). (refer note 5(a)/refer Note 5(c))

| 35. | CAPITAL MANAGEMENT

For the purpose of the company’s capital management, capital includes issued equity capital, convertible instruments, share premium
and all other equity reserves attributable to the equity holders. The primary objective of the Company’s capital management is to
maximise the shareholder value.

The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of
the financial covenants. To maintain or adjust the capital structure, the company may adjust the dividend payment to shareholders, return
capital to shareholders or issue new shares. The Company monitors capital using a gearing ratio, which is net debt divided by total capital
plus net debt. The Company includes within debt, interest bearing loans and borrowings, less cash and cash equivalents.

42. | DETAILS OF BENAMI PROPERTY HELD

The Company do not have any Benami property, where any proceeding has been initiated or pending against the Company for holding
any Benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

43. | WILFUL DEFAULTER

The Company has not been declared as a wilful Defaulter by any Financial Institution or bank as at the date of Standalone Balance Sheet.

44. | RELATIONSHIP WITH STRUCK OFF COMPANIES

The Company has not identified any transactions in any reporting periods with companies whose name is struck off under section 248
of the Companies Act, 2013 or section 560 of Companies Act, 1956.

45. | REGISTRATION OF CHARGES OR SATISFACTION WITH REGISTRAR OF COMPANIES (ROC)

The Company has no pending charges or satisfaction which are yet to be registered with the ROC beyond the Statutory period.

46. | COMPLIANCE WITH NUMBER OF LAYERS OF COMPANIES

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

47. | COMPLIANCE WITH APPROVED SCHEME(S) OF ARRANGEMENTS

Company has filed an application before the National Company Law Tribunal (NCLT) on June 30, 2025 pursuant to the Board Resolution
dated March 20, 2025, seeking approval for the Scheme of Merger of 3i Infotech Digital BPS Limited, 3i Infotech Consultancy Services
Limited, NuRe Edgetech Private Limited, and Versares Digital Technology Services Private Limited with 3i Infotech Limited. The application
is currently under process before the NCLT.

48. | UTILIZATION OF BORROWED FUNDS

The company has used the borrowings from banks for the specific purpose for which it was taken at the standalone balance sheet date.
There are no discrepancy in utilisation of borrowings. (Refer Note No. 12)

Utilisation of Borrowed funds and share premium:

A) The company have 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;

B) The Company have 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.

49. | SEGMENT INFORMATION

As per Ind AS 108- “Operating Segment”, segment information has been provided under the Notes to Consolidated Financial Statements.

50. | ADDITIONAL INFORMATION

(a) Undisclosed income

The Company has no transaction that 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).

(b) Details of Crypto Currency or Virtual Currency

The Company has not traded or invested in Crypto currency or Virtual Currency.

Previous year's figures have been regrouped / rearranged wherever necessary to conform to the current year's presentation.