xvii) Provisions, contingent liabilities and contingent assets

Provisions are recognized when the Company has a present legal or constructive obligation 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. Provisions are measured at the best estimate of the expenditure required to settle the present obligation at the Standalone
Balance Sheet date.

If the effect of the time value of money is material, provisions are discounted to reflect its present value using a current pre-tax discounting rate
that reflects the current market assessments of the time value of money and the risks specific to the obligation. Where discounting is used, the
increase in the provision due to the passage of time is recognized as a finance cost.

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

No contingent asset is recognized but disclosed by way of notes to accounts. When the realization of income is virtually certain, then the related
asset is no longer a contingent asset, but it is recognized as an asset.

xviii) Employee benefits

a. Short term obligations

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

b. Post-employment obligations

Provident fund and Employees' state insurance:

Contributions todefined contribution schemes such as Provident fund and Employees' state insurance are charged as an expense based on the
amount of contribution required to be made as and when services are rendered by the employees. The Company pays provident fund contribution
to government-administered provident fund.The above benefits are classified as defined contribution schemes as the Company has no further
defined obligations beyond the monthly contributions.

Superannuation:

Certain employees of the Company are participants in a defined contribution plan. The Company has no further obligations to the plan beyond its
monthly contributions which are periodically contributed towards trust fund, the corpus of which is invested with the Life insurance companies.

Gratuity:

The Company provides for gratuity, a defined benefit plan (the "Gratuity Plan”) covering eligible employees in accordance with the Payment of
Gratuity Act, 1972. The Gratuity Plan provides a lump sum payment to vested employees at retirement, death, incapacitation or termination
of employment, of an amount based on the respective employee's salary and the tenure of employment. The gratuity plan in Company is
funded through annual contributions made towards the trust fund, the corpus of which is invested with Life Insurance Corporation of India
(LIC).

The liability or asset recognized in the Standalone Balance Sheet in respect of defined benefit gratuity plans is the present value of the defined
benefit obligation at the end of the reporting period less the fair value of plan assets. The Company's liability is actuarially determined (using
the Projected Unit Credit method) at the end of each year. The present value of the defined benefit obligation is determined by discounting the
estimated future cash outflows using interest rates of government bonds. Remeasurement gains and losses arising from experience adjustments
and changes in actuarial assumptions are charged or credited to equity in other comprehensive income in the period in which they arise. They
are included in retained earnings in the Statement of Changes in Equity and in the Standalone Balance Sheet. Past-service costs are recognized
immediately in profit or loss.

c. Compensated absences:

Accumulated compensated absences, which are expected to be availed or encashed within 12 months from the end of the year end are treated
as short term employee benefits. The obligation towards the same is measured at the expected cost of accumulating compensated absences as
the additional amount expected to be paid as a result of the unused entitlement as at the year end.

Accumulated compensated absences, which are expected to be availed or encashed beyond 12 months from the end of the year end are treated
as other long term employee benefits. The Company's liability is actuarially determined (using the Projected Unit Credit method) at the end of
each year. The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows using interest rates
of government bonds. Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are recognized in
profit or loss in the period in which they arise. Past-service costs are recognized immediately in profit or loss.

d. Long service award:

Long service awards are not expected to be settled wholly within 12 months after the end of the period in which the employees render the related
service. They are therefore accrued using actuarial valuations and are measured as the present value of expected future payments to be made in
respect of services provided by employees up to the end of the reporting period using the projected unit credit method.

xix) Dividends

Provision is made for the amount of any dividend declared, being appropriately authorized 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.

xx) Earnings per share
Basic earnings per share:

Basic earnings per share is calculated by dividing:

a) the profit attributable to owners of the Company

b) by the weighted average number of equity shares outstanding during the financial year, adjusted for bonus elements in equity shares issued
during the year.

Diluted earnings per share:

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

a) the after income tax effect of interest and other financing costs associated with dilutive potential equity shares, and

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

xxi) Other income

Interest is recognized using the effective interest rate (EIR) method, as income for the period in which it occurs.

Dividend income on investments is recognized when the right to receive dividend is established.

xxii) Transition to Ind AS

On transition to Ind AS, the Company has elected to continue with the carrying value of all of its property, plant and equipment and intangible
assets measured as per the previous GAAP and use that carrying value as the deemed cost of the property, plant and equipment and intangible
assets.

For Price Waterhouse Chartered Accountants LLP For and on behalf of the Board of Directors of Subros Limited

Firm Registration No- 012754N/N500016

Sahil Arora Shradha Suri Parmod Kumar Duggal

Partner Chairperson & Executive Director &

Membership No.: 506483 Managing Director Chief Executive Officer

DIN : 00176902 DIN : 02382912

Place : Gurugram Hemant Kumar Agarwal Kamal Samtani

Date : May 22, 2025 Chief Financial Officer & Company Secretary

Senior Vice President (Finance) ICSI Membership No: F5140

Place : New Delhi
Date : May 22, 2025