1.4.11 PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

A provision is recognised when the Company has a present obligation as a result of 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 determined based on the best estimate required to settle
the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the
current best estimates.

Provisions are discounted to their present values, where the time value of money is material. Where discounting is
used, the increase in the provision due to the passage of time is recognized within finance costs.

The principal provisions recognized by the Company are as follows:

Provision for warranty charges:

Provision for warranty is recognized based on an assessment of future claims with reference to past experience.

Provision for Onerous Contracts:

Present obligations arising under onerous contracts are recognized and measured as provisions. An onerous
contract is considered to exist where the company has a contract under which the unavoidable costs of meeting the
obligations under the contract exceed the economic benefits expected to be received under it.

Arbitration Awards:

Arbitration/Court’s awards along with related interest receivable/payable are, to the extent not taken into accounts
at the time of initiation, are recognized after it becomes decree. Permanent Machinery of Arbitration, Govt of India,
is accounted for on finalization of award by the appellate authority. Interests to/from in these cases are accounted
when the payment is probable which the point is when matter is considered settled by management.

Other Provisions:

Other Provisions include Provision for Research & Development, Provision for CSR Activities and Provision for
Other Contingency.

Contingent liabilities and claims against the company not acknowledged as debt, and contingent liabilities related to
legal proceedings or regulatory matters, including certain guarantees, are not recognised in the financial statements.
However, these are disclosed unless the probability of settlement is remote.

Contingent Liabilities are disclosed on basis of judgment of management after a careful evaluation of facts and legal
aspects of matter involved.

Contingent Assets are disclosed when probable and recognised when realization of income is virtually certain.

1.4.12 OTHER INCOME

Interest, Dividend and Other Rental income

Interest income is reported on an accrual basis using the Effective Interest Rate method (EIR). Interest income on
mobilisation advances/financial assistance given to contractors recoverable in short term is recognised using simple
interest method which approximates the effective interest rate.

Interest income on bank deposits held on behalf of client is netted off from interest payable to client on such deposits.
Dividend income is recognised at the time the right to receipt is established.

Other items of income are recognised in the statement of profit and loss when control of respective goods or service
has been transferred to customer.

1.4.13 INVESTMENT PROPERTY
Recognition

Investment Properties are stated at their cost of acquisition. The cost comprises purchase price, borrowing cost,
if capitalization criteria are met and directly attributable cost of bringing the asset to its working condition for the
intended use. Any trade discount and rebates are deducted in arriving at the purchase price.

Subsequent Measurement (Depreciation)

Depreciation on Investment Property is charged on straight line method either on the basis of rates arrived at with
reference to the useful life of the assets evaluated by the Committee consisting of Technical experts and approved
by the Management or rates are arrived at based on useful life prescribed under Part C of Schedule II of the
Companies Act, 2013.The following useful lives are applied:

When an asset is acquired or added during the financial year, depreciation is charged based on the Proportionate
number of days the asset is available for use within that financial year.

The residual values, useful lives and methods of depreciation of investment properties are reviewed at each financial
year end and adjusted prospectively, if appropriate.

De-Recognition

An item of Investment Property and any significant part initially recognised is derecognised upon disposal or when
no future economic benefits are expected from its use or disposal. Any gain or loss arising on de-recognition of
the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is
included in the income statement when the asset is derecognised.

1.4.14 CASH AND CASH EQUIVALENTS

Cash and Cash Equivalents comprise Cash in hand, Balances in Bank Account, Remittance in Transit, Cheques
in hand and Demand Deposits, together with other short-term, highly liquid investments (original maturity less than
3 months) that are readily convertible into known amounts of cash and which are subject to an insignificant risk of
changes in value.

1.4.15 EQUITY, RESERVES AND DIVIDEND PAYMENTS

Share capital represents the nominal value of shares that have been issued. Any transaction costs associated with
the issuing of shares are deducted from retained earnings, net of any related income tax benefits.

Other components of equity include Other Comprehensive Income (OCI) arising from actuarial gain or loss on re¬
measurement of defined benefit liability and return on plan assets.

Retained earnings include all current and prior period retained profits. All transactions with owners of the parent
are recorded separately within equity. Annual dividend distribution to shareholders is recognised as a liability in the
period in which the dividend is approved by the shareholders. Any interim dividend paid is recognised on approval by
Board of Directors. Dividend payable and corresponding tax on dividend distribution is recognised directly in equity.

1.4.16 INTANGIBLE ASSETS
Recognition

Intangible assets are initially measured at cost of acquisition thereof. The cost comprises purchase price, borrowing
cost if capitalization criteria are met and directly attributable cost of bringing the asset to its working condition for the
intended use. Any trade discount and rebates are deducted in arriving at the purchase price.

Research and Development (R&D) expenditure

Research costs are expensed as incurred. Development costs are expensed as incurred unless technical and
commercial feasibility of the project is demonstrated, future economic benefits are probable, the Company has an
intention and ability to complete and use or sell the asset and the costs can be measured reliably.

Subsequent Measurement (Amortization)

Amortization on Intangible Assets is charged on the straight line method on the basis of rates arrived at with reference
to the useful life of the assets evaluated and approved by the Management.

When an asset is acquired or added during the financial year, depreciation is charged based on the Proportionate
number of days the asset is available for use within that financial year.

De-recognition

An item of Intangible Asset or any significant part initially recognised is derecognised upon disposal or when no
future economic benefits are expected from its use or disposal. Any gain or loss arising on de-recognition of the
asset (calculated as the difference between the net disposal proceeds and the carrying amount of the asset) is
included in the Statement of Profit and Loss Account when the asset is derecognized

1.4.17 LEASES

Company as a Lessee

At inception of a contract, the company assess whether the contract is, or contains, a lease.

A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period
of time in exchange for consideration.

Recognition:

1. “Right-of-Use (ROU) Asset”:

At the commencement date, the company recognizes a right-of-use asset and a lease liability, except:

a. For lease with a term of twelve months or less (Short term leases) and,

b. Leases for which the underlying asset is of low value

For short term lease and assets of low value the company recognizes the lease payments as an operating
expense on a straight-line basis over the term of lease.

2. “Lease Liability”

At the commencement date, the company measures the lease liability at the present value of the lease payments
that are not paid at that date.

The lease payments are discounted using the effective interest rate.

Subsequent measurement

1. “Right-of-Use (ROU) Asset”:

After the commencement date, the company measure the right-of-use asset at cost less any accumulated
depreciation and is subject to impairment losses.

2. “Lease Liability”

After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and
reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there
is any reassessment or modification.

The residual values, useful lives and methods of depreciation of right-of-use are reviewed at each financial year end
and adjusted prospectively, if appropriate

De-Recognition

A right-of-use assets initially recognised is derecognized upon disposal or when no future economic benefits are
expected from its use or disposal. Any gain or loss arising on de-recognition of the right of use assets (calculated as
the difference between the net disposal proceeds and the carrying amount of the asset) is included in the Statement
of Profit and Loss account when the right-of-use asset is derecognized.

Company as a Lessor
Operating lease

Leases in which the Company does not transfer substantially all the risks and rewards of ownership of an asset are
classified as operating leases. Assets leased out under operating leases are recognized & presented according to
the nature of the underlying asset.

Rental income is recognized on straight-line basis over the lease term except where scheduled increase in rent
compensates the Company with expected inflationary costs.

1.4.18 NON CURRENT ASSETS HELD FOR SALE

Non-current assets and disposal groups are classified as held for sale if their carrying amount is intended to be
recovered principally through a sale (rather than through continuing use) when the asset (or disposal group) is
available for immediate sale in its present condition subject only to terms that are usual and customary for sale
of such asset (or disposal group) and the sale is highly probable and is expected to qualify for recognition as a
completed sale within one year from the date of classification.

Non-current assets and disposal groups classified as held for sale are measured at lower of their carrying amount
and fair value less costs to sell. The determination of fair value less costs to sell includes use of management
estimates and assumptions.

Non-current assets are not depreciated or amortized while they are classified as held for sale

1.4.19 LIQUIDATED DAMAGES

Liquidated Damages/Compensation for delay in respect of clients/contractors, if any, are accounted for when
payment is probable which is the point when matter is considered settled by management.

1.4.20 PRIOR PERIOD EXPENDITURE INCOME

Expenditures/Incomes relating to prior periods and considered not material has been accounted for in the respective
head of accounts in the current year.

1.4.21 SIGNIFICANT MANAGEMENT JUDGEMENT IN APPLYING ACCOUNTING POLICIES AND ESTIMATION
UNCERTAINTY

Financial Statements are prepared in accordance with GAAP in India which require management to make estimates
and assumptions that affect the reported balances of assets, liabilities and disclosure of contingent liabilities at the
date of the financial statements and reported amounts of income & expenses during the periods. Although these
estimates and assumptions used in accompanying Financial Statements are based upon management’s evaluation
of relevant facts and circumstances as of date of Financial Statements which in management’s opinion are prudent
and reasonable, actual results may differ from estimates and assumptions used in preparing accompanying Financial
Statements. Any revision to accounting estimates is recognized prospectively from the period in which results are
known/materialize in accordance with applicable Indian Accounting Standards

Information about estimates and assumptions that have the most significant effect on recognition and measurement
of assets, liabilities, income and expenses is provided below.

SIGNIFICANT MANAGEMENT JUDGEMENT

The following are Significant Management Judgements in applying the Accounting Policies of the Company that
have the most significant effect on the Financial Statements:

Recognition of Deferred Tax Assets - The extent to which deferred tax assets can be recognized is based on an
assessment of the probability of the Company’s future taxable income against which the deferred tax assets can be utilized.
Evaluation of indicators for Impairment of Assets - Significant judgements are involved in evaluation of
applicability of indicators of impairment of assets which requires assessment of several external and internal factors
which could result in deterioration of recoverable amount of the assets. These indicators may include significant
financial difficulty of the issuer or debtor, default or delinquency in payments, significant adverse changes in the
technological, market, economic, or legal environment, among others.

Property, Plant and Equipment - Management assess the remaining useful lives and residual value of Property,
Plant and Equipment and believes that the assigned useful lives and residual value are reasonable
ESTIMATION UNCERTAINTY

Information about estimates and assumptions that have the most significant effect on recognition and measurement
of assets, liabilities, income and expenses is provided below.

Revenue Recognition - Where revenue contracts include deferred payment terms, the management determines
the fair value of consideration receivable using the expected collection period and interest rate applicable to similar
instruments with a similar credit rating prevailing at the date of transaction.

Recoverability of Advances/Receivables - The Project heads, Zonal heads and Regional/Strategic Business
groups from time to time review the recoverability of advances and receivables. The review is done at least once in
a financial year and such assessment requires significant management judgement based on financial position of the
counter-parties, market information and other relevant factors.

Defined Benefit Obligation (DBO) - Management’s estimate of the DBO is based on a number of critical underlying
assumptions such as standard rates of inflation, medical cost trends, mortality, discount rate and anticipation of
future salary increases. Variation in these assumptions may impact the DBO amount and the annual defined
benefit expenses.

Contingencies - Management judgement is required for estimating the possible outflow of resources, if any, in
respect of contingencies/claim/litigations against the Company as it is not possible to predict the outcome of pending
matters with accuracy.

Provisions for Warranties - Management’s estimate of the warranties is based on engineering estimates and
variation in these assumptions may impact the provision amount and the annual warranty expenses.

Liquidated Damages - Liquidated Damages receivables are estimated and recorded as per contractual terms;
estimate may vary from actual as levied on contractor.

(iv) Description of Valuation Techniques used and key inputs to Valuation on Investment Properties:

Valuation approach - Sales Comparison Method under Market Approach.

The valuation of the investment property was carried out by a IBBI registered valuer as defined under rule 8(1) of
Companies (Registered Valuers and Valuation) Rules, 2017.

“The valuation report is based on the Sales Comparison Method under the Market Approach, wherein the value of the
subject asset is derived from market prices of comparable properties after suitable adjustments for factors such as size,
shape, location, marketability, nature of asset, and demand-supply conditions. Comparable data may be obtained from
public records, real estate publications, brokers, agents, buyers, sellers, and other market sources. Upward or downward
adjustments are made where comparables differ from the subject asset.”

^ARefer Note no 58 for Inventory qualitative disclosure

' Real Estate Completed Projects includes H 916.96 Lakh {Previous Years H 916.96 Lakh} as Company’s share in a Jointly Developed Project. Company has
76.98% Interest in NBCC - Agartala Municipal Corporation (AMC) (Joint Operation).

* During the FY 2025-26, company has decided to develop the land situated at Ghitorni as Real Estate project and accordingly, land of H 255.33 lakh is classified
as Real Estate inventory from Property, Plant & Equipment. (refer Note 2 & 58)

' Company has a Real Estate Project NBCC Imperia at Chandrashekhar, Bhubaneswar. During the year management has decided to use part of inventory of
H 264.69 lakh for office use purpose and to rent-out part of the inventory amounting to H 9066.78 lakh. Accordingly, inventory of H 9331.47 lakh transferred to "Right-
of-Use Assets (Building)" Property, Plant & Equipment. (refer Note - 2)

$ For Reason of increase in Provision/Reversal of Write-down of Inventory to NRV & Other details of Inventory Refer Note 58 Inventory Disclosures.

Note -20 D

The Company has only one class of Equity Shares having a par value of H 1 per share. Each shareholder is eligible for one vote
per share held. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing
Annual General Meeting, except in case of interim dividend. In the event of liquidation, the equity shareholders are eligible to
receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

Note -20 E

During the Financial year 2024-25, the Company has issued 90,00,00,000 equity shares of H 1.00 each as fully paid
bonus shares in the ratio of one equity share of H 1.00 each for every two equity shares held with rights pari passu with
existing Equity Shares.

Note -20 F

During the current year, Company has transferred 25,802 (P.Y. 21,136) number of shares in Investor Education and Protection
Fund (IEPF) held by investors pursuant to section 124(6) of The Companies Act, 2013 and the rules notified thereunder
whose dividend is unclaimed/unpaid for seven years to a demat account of the Investor Education and Protection Fund
(IEPF) Authority.

Note -20 G

During the FY 2024-25, Company has transferred H 1.00 Lakh on account of Unpaid amount of sale proceeds of bonus fraction
shares in Investor Education and Protection Fund (IEPF) held by investors pursuant to section 124(6) of The Companies Act,
2013 and the rules notified thereunder

Reserves and Surplus

Nature and purpose of Other Reserves

Retained Earnings

Retained Earnings represent the undistributed profits of the Company.

General Reserve

General Reserve represents the statutory reserve, this is in accordance with Corporate law wherein a portion of profit is
apportioned to General Reserve. Under Companies Act, 1956 it was mandatory to transfer amount before a company can
declare dividend from above specified limits, however under Companies Act, 2013 transfer of any amount to General Reserve
is at the discretion of the Company.

Other Comprehensive Income

Other Comprehensive Income represents balance arising on account of Gain/(Loss) booked on Re-measurement of Defined
Benefit Plans and Exchange Difference on translation of foreign operation.

* Other Comprehensive Income of H 8,821.11 lakh (H 12,194.48 lakh OCI Loss Less Tax impact of H 3,373.37 lakh) pertaining
to Post Retirement Medical Benefit up to 30.09.2024 lying in Other Comprehensive Income is transferred to retained earnings.

Note - 29B

Disclosure as per Indian Accounting Standard (Ind AS) - 19 on Employee Benefit :

Gratuity - Regular Employees

The Company has defined benefit gratuity plan. Every employee who has rendered continuous service of five years or more
is entitled to get gratuity on superannuation, resignation, termination, disablement or on death in accordance with Gratuity Act
1972. In the year 2017-18, consequent upon the amendment in the Gratuity Act 1972, the maximum limit of Gratuity to be paid
to any employee enhanced from H 10.00 lakh to H 20.00 lakh. As per 3rd PRC recommendations Gratuity to be increased by
25% whenever IDA reaches 50% limit, in compliance of same, Gratuity is revised to H 25.00 lakh w.e.f October 01,2025. The
scheme is funded by the Company and is managed by a separate trust formed in the year 2007-08. The liability for the same
is recognised on the basis of actuarial valuation and accordingly transferred to Gratuity Trust. The provision for the year 2025¬
26 is H 712.68 lakh {Previous Year H 543.36 lakh}. The gains/losses on the remeasurement of the assumptions on the Gratuity
plan have been recognised in Other Comprehensive Income (OCI).

Earned Leave (EL) & Half Pay Leave (HPL)

The Company has other long term benefit plan for Earned Leave Encashment. Provision for Encashment of Earned Leave
equivalent to maximum of 300 days (basic pay plus dearness allowance) is provided at the year end and charged to Statement
of Profit & Loss. The liability for the year 2025-26 is accounted for on the basis of Actuarial Valuation. The cumulative liability
for Earned Leave Encashment as on March 31,2026 is H 4,051.47 lakh {Previous Year H 4,020.97 lakh}.

The encashment of half pay leave on superannuation is allowed only to the extent of short fall in earned leave. e.g. If an
employee is having earned leave of less than 300 days on the day of superannuation, he/she is entitled for payment of half of
the Basic pay plus dearness allowance thereon on the number of days by which earned leave is short of 300 days. The liability
for the year 2025-26 is accounted for on the basis of Actuarial Valuation. The cumulative liability for Half Pay leave Encashment
as on March 31,2026 is H 1,284.51 lakh {previous year H 1,339.42 lakh}.

The Board of Directors has accorded approval for the constitution of a Trust for administering and funding the Earned Leave
(EL) and Half Pay Leave (HPL) obligations of employees. The process for constitution of the Trust is under progress as at the
reporting date. The Net liability of the Company towards EL & HPL as on March 31,2026, H 5,335.98 lakh has been considered
as Provisions Current (refer Note No. 29).

Gratuity & Earned Leave (EL)- Contract Employees

During the year ended March 31, 2026, gratuity and earned leave benefits to eligible contract employees became applicable
pursuant to the provisions of the Code on Social Security, 2020 and related labour law reforms. Accordingly, based on actuarial
valuation Company has made gratuity provision amounting to H 36.88 lakh and provision towards earned leave benefits
amounting to H 16.94 lakh in respect of eligible fixed term contract employees.

Travelling Allowance on Superannuation

The cumulative liability for Travelling Allowance to be paid to the employees on superannuation (exit) as on March 31,2026
is H 34.57 lakh {previous year H 37.33 lakh} based on actuarial valuation. The gains/losses on the remeasurement of the
assumptions on the plan have been recognised in Other Comprehensive Income (OCI).

Post Retirement Medical Scheme (PRMS)

The Company has been providing medical benefit to retired employees under Post Retirement Medical Benefits (PRMB),
which considered to be a defined benefit plan till September 30, 2024. W.e.f. October 01, 2024, the Company decided to
provide benefits under PRMS through a funded trust in which company will contribute 3.19% Per Month of Salary (Basic
Pay plus Dearness Allowance) of regular employees to the trust. During the year, Company contributed/ provided H 410.75
lakh towards Post Retirement Medical Scheme (PRMS) for regular employees. Company has also provided of H 1,905.00
lakh towards employees who retired prior to January 01, 2007 as per DPE Office Memorandum No. 2(81)/08DPE(WC)-GL-
XVI/2009 & OM No. W-02/0028/2017-DPE(WC)-GL-XIII/17. The Net liability of the company towards the PRMS trust as at
March 31, 2026 is H833.27 lakh after adjusting expense made by company towards insurance, etc. on behalf of trust, same
has been shown under Current Financial Liabilities Note -27.

Pension

The company had implemented pension scheme through NBCC Employees Defined Contribution Superannuation (NBCC
EDCS) Pension trust for employee under Industrial Dearness Allowance (IDA) Pay pattern for those employees who have
completed 15 years of service in the CPSE and on the regular rolls of the company as on November 26, 2008. The scheme is
managed by a separate Trust formed in the year 2012-13 for the purpose.

Company has migrated from Existing NBCC EDCS Pension Scheme to NPS scheme w.e.f. December 01, 2021 wherein
minimum qualifying service of 15 years is no longer required in accordance with the guidelines of Pay Revision of Board
level and below Board level Executives and Non-Unionised Supervisors of Central Public Sector Enterprises (CPSEs) w.e.f.
01.01.2017. The NPS scheme is applicable to all employees except those were superannuated on or before March 31,2022.
The Company continued to contribute 7.00% of the Salary (Basic pay plus Dearness Allowance) of the regular employees till
September 30, 2024.

W.e.f. October 01, 2024, Company restructured the components of superannuation benefits and decided to enhance the
employer’s contribution from 7% to 10% of the Basic pay plus Dearness Allowance of the salary of regular employees. The
contribution for pension amounting to H 1,296.61 lakh {Previous Year H 1,084.65 lakh} has been made during the year 2025-26.

Provident Fund

The Company contributes @12% as Employer Contribution to Employee Provident Fund, which is being managed by a EPF
trusts, established under Employees' Provident Funds and Miscellaneous Provisions Act, 1952 for this purpose, Contribution
made is charged to the Statement of Profit and Loss. In accordance with regulatory requirements, shortfall if any in the net
income of the trusts below the Government-specified minimum rate of return is made good by the Company. During the current
year, as per actuarial valuation company has provided liability of H 364.14 lakh. The contribution for Employee Provident Fund
amounting to H 1,569.27 lakh has been made during the year 2025-26.

Long Service Awards

The Company has a Scheme of Long Service Awards, introduced from Financial Year 2016-17 covering all the below Board
Level regular employees of the Company, who were on the roll of the Company as on September 03, 2016 onwards and
completed (i) 25 Years of Service or more (ii) 30 Years of Service or more (iii) 35 Years of Service or more & (iv) 40 Years
of Service or more. From March 31, 2025, the Company restructured the scheme to include additional slabs for 20, 36, 37,
38, and 39 years of service, in addition to the existing categories. The company has recognised a liability of H 498.19 lakh
{Previous Year H 457.05 lakh} as at March 31,2026 on the basis of Actuarial Valuation.

(i) Sensitivities due to Mortality & withdrawals are not material and hence impact of change due to these not calculated.

(ii) Sensitivities as to rate of increase of pensions in payment, rate of increase of pensions before retirement & life expectancy
are not applicable.

(iii) Sensitivities as to rate of inflation, rate of increase of pensions in payment, rate of increase of pensions before retirement
& life expectancy are not applicable.

A Interim Dividend Paid:

1 First Interim Dividend of H 0.21 per share (face value of H 1.00 per share) declared by the Board of Director in its
meeting held on August 07, 2025 and paid on September 03, 2025.

2 Second Interim Dividend of H 0.21 per share (face value of H 1.00 per share) declared by the Board of Director in its
meeting held on November 13, 2025 and paid on December 09, 2025.

3 Third Interim Dividend of H 0.12 per share (face value of H 1.00 per share) declared by the Board of Director in its
meeting held on February 18, 2026 and paid on March 12, 2026.

4 During the Previous Year, company had paid an Interim Dividend of H 0.53 per share (face value of H 1.00 per share)
declared by the Board of Director in its meeting held on February 11,2025 and paid on March 10, 2025.

B Final Dividend Proposed:

1 Proposed Final Dividend H 0.46 Per share on face value of H 1.00 per share (P.Y. H 0.14 per share on face value of
H 1 per share).

2 Proposed Dividend is subject to approval of Shareholders in ensuing annual general meeting of the company.

2. Transactions & Balances with Related Parties

The company is a government company under the aegis of Ministry of Housing and Urban Affairs. 61.75% of the share
holding in the company as at March 31,2026 (As at March 31,2025 61.75%) is held by President of India.

The Company is having four fully owned subsidiaries and One partly owned subsidiary over which government exercise
direct/indirect control by holding more than 50% of the voting power.

In accordance with paragraph 25 of Indian Accounting Standard (Ind AS) 24 - Related Party Disclosures, the Company
is exempted from providing disclosures pertaining to transactions with its subsidiary companies and joint venture entities,
as these entities are state-controlled enterprises where the ownership by the Central and/or State Government, directly
or indirectly, exceeds 50% of the voting rights.

The company generally enter into transactions with the subsidiary companies/ Joint Ventures at arm's length price in the
normal course of business which includes the purchase and sale of properties, rendering of services, receipt of services
and secondment of employees.

Refer Note No. 29B

(v) Disclosure in respect of any loans or advances in the nature of loans either repayable on demand or without
specifying any terms or period of repayment to Promoters, related parties as defined in clause (76) of section 2
of the Companies Act, 2013:

As at March 31,2026: Nil (PY: Nil)

(vi) Significant transactions with government related entities :-

The Company’s major clients include various Ministries, Government Departments, Government Authorities, and Public
Sector Undertakings. Transactions involving the sale of services and other related activities with these clients are
conducted in the ordinary course of business. These transactions are carried out on an arm’s length basis and on terms
comparable to those offered to other entities that are not related to the Government.

The Company does not face a significant liquidity risk with regard to its lease liabilities as the current assets are sufficient to
meet the obligations related to lease liabilities as and when they fall due

Practical Expedients Applied

In applying Ind-AS 116, the Company has used the following practical expedients permitted by the standard:

a) The use of a single discount rate to a portfolio of leases with reasonably similar characteristics.

b) Applied the exemption not to recognize right-of-use assets and liabilities for leases with less than or equal to 12
months of lease term on the date of initial application.

c) The use of hindsight in determining the lease term where the contract contains options to extend or terminate the lease
and excluded the initial direct costs from the measurement of the right-of-use asset at the date of initial application.

The Company has total commitment for short-term leases of H 12.60 lakh as at March 31,2026 (H 11.17 lakh as at March 31,2025)

The carrying amount of Trade Receivables, Trade Payables and Cash & Cash Equivalent are considered to be the same as
their Fair Values due to their short term nature

The carrying amount of the Financial Assets and Liabilities carried Amortised Cost is considered a reasonable
approximation of Fair Value.

The above table excludes Investment in Subsidiaries, Associate and Joint Venture, which are measured at cost in accordance
with Ind AS 27, 'Separate Financial Statements'.

(i) Fair Value Hierarchy

Financial Assets and Financial Liabilities measured at fair value in the Balance Sheet are grouped into three Levels of a fair
value hierarchy. The three Levels are defined based on the observability of significant inputs to the measurement as follows:

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

• Level 2: The fair value of Financial Instruments that are not traded in an active market is determined using valuation
techniques which maximise the use of observable market data and rely as little as possible on entity specific estimates.

• Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is
included in level 3.

The following table shows the Levels within the hierarchy of Financial Assets and Liabilities measured at Fair Value on a
recurring basis at March 31,2026 and March 31,2025:

(iii) Valuation Technique used to determine Fair Value

Specific valuation techniques used to value Financial Instruments includes the use of Net Asset Value for Mutual Funds
on the basis of the statement received from investee party.

Note -52

Financial Risk Management

The Company’s activities expose it to credit risk, liquidity risk and market risk. The Company's board of directors has overall
responsibility for the establishment and oversight of the Company's risk management framework. This note explains the sources
of risk which the entity is exposed to and how the entity manages the risk and the related impact in the Financial Statements.

(A) Credit Risk

The Company is exposed to credit risk from its Operating Activities (Primarily Trade Receivables) and from its Financing
Activities including Deposits with Banks, Mutual Funds and Financial Institutions and other Financial Instruments.

(i) Credit Risk Management

The Company assesses and manages credit risk of Financial Assets based on following categories arrived on the
basis of assumptions, inputs and factors specific to the class of Financial Assets.

A: Low Credit Risk on financial reporting date

B: Moderate Credit Risk

C: High Credit Risk

The Company provides for Expected Credit Loss based on the following:

The Company's principal sources of liquidity are Cash and Cash Equivalents which are generated from Cash Flow from
Operations. The Company has no fund based outstanding Bank Borrowings. The Company considers that the Cash
Flows from Operations are sufficient to meet its current liquidity requirements.

Maturities of Financial Liabilities

The tables below analyse the Company’s Financial Liabilities into relevant maturity groupings based on their contractual
maturities. The amounts disclosed in the table are the contractual undiscounted cash flows. Balances due within 12
months equal their carrying balances as the impact of discounting is insignificant.

The Company’s exposure towards Price Risk arises from Investments held and classified in the Balance Sheet either as
Fair Value through Other Comprehensive Income or at Fair Value through Profit & Loss. To manage the price risk arising
from investments in equity securities, the Company diversifies its portfolio of assets.

The Company’s exposure to equity securities price risk arises from Investments held by the Company and classified in
the Balance Sheet as Fair Value through Profit & Loss.

Note -53

Capital Management

The Company’s objectives when managing capital are to:

(i) Safeguard their ability to continue as a going concern, so that they can continue to provide returns for shareholders and
benefits for other stakeholders, and

(ii) Maintain an optimal capital structure to reduce the cost of capital.

In order to maintain or adjust the capital structure, the group may adjust the amount of dividends paid to shareholders,
return capital to shareholders, issue new shares or sell assets to reduce debt (net debt comprises of borrowings less
cash and cash equivalents). Consistent with others in the industry, the Company monitors capital on the basis of the
following gearing ratio.

Note -54

Revenue from Contracts with Customers :

Significant changes in contract Assets and Liabilities :

(a) Contract Liabilities - Deferred Income (Revenue Received in Advance):

Invoicing in excess of revenue recognised is classified as revenue received in advance. Any amount previously
recognised as revenue received in advance is recognised to revenue on satisfaction of the performance obligation over
the construction period.

(i) Movement of Contract Liabilities - Revenue Received in Advance: Project Management Consultancy (PMC)

(c) Contract Assets - Unbilled Revenue:

Invoicing to the clients is based on milestones as defined in the contract. This would result in the timing of revenue
recognition being different from the timing of billing the customers. Revenue in excess of billing is recorded as unbilled
revenue and is classified as a contract asset. Any amount previously recognised as a contract asset is reclassified to trade
receivables on satisfaction of the condition attached i.e. future service which is necessary to achieve the billing milestone.

(e) Revenue Recognised in relation to Contract Liabilities:

Disclosure pursuant to para 116(b) & (c) of Ind AS 115 in respect of ‘revenue recognised in the reporting period that was
included in the contract liability balance at the beginning of the period’ and ‘revenue recognised in the reporting period
from performance obligations satisfied (or partially satisfied) in previous periods are as below’:

Note -58

Inventory Disclosures

LAND BANK, WORK IN PROGRESS AND COMPLETED PROJECTS:

(i) Land at Naya Raipur, Chhattisgarh

The Company Real estate Land bank includes H 2,099.37 Lakh up to March 31,2026 (H 2,552.39 Lakh up to March 31,
2025) toward lease hold Land for a Group Housing Plot admeasuring 30,436 Sqm. at Naya Raipur, Chhattisgarh, lease
deed in respect of which is yet to be executed. As per the terms of allotment, lease deed shall be executed between
owners association / Housing society, to-be-formed in future and Naya Raipur Development Authority (NRDA). The
company is in the process of development of land, approval for development from various authorities is being taken.

During the year, the Company has charged an amount of H 453.03 lakh towards payment of Non-Construction Fee, which
was previously recognised under Inventory. The said accounting treatment has been considered based on a similar view
expressed by the Expert Advisory Committee (EAC) of ICAI in the case of one of the subsidiary company, namely HSCL,
in respect of Property, Plant and Equipment (PPE).

(ii) Land at Faridabad

The Company Real estate Land bank includes H 13,178.41 Lakh up to March 31,2026 (H 13,178.41 Lakh up to March
31, 2025) toward Freehold Land for a Group Housing Plot admeasuring 16,753.99 Sqm. at Faridabad, execution of
conveyance deed in respect of which is pending for want of Environment clearance which is dependent on submission
of NOC from Forest Department. NOC from Forest department was not received on the ground that “the criteria for
clarification of deemed forests is pending before the Hon’ble Supreme Court and Govt. of Haryana has yet not identified
deemed forests”. Company had taken up the matter with Government of Haryana to either issue necessary instructions
to Forest Department for issuing of NOC as required for Environmental Clearance or refund the amount paid with
interest to company.

A provision of H 1,073.66 Lakh as at March 31, 2026 (H 1,073.66 Lakh up to March 31, 2025) has been created in the
books towards reduction in the Net Realisable Value of the said land.

(iii) Land at Mouza Kalikapur, South 24 Parganas, West Bengal:

A full provision of H 182.35 lakh (P.Y. H 182.35 lakh) has been recognised towards write-down of the entire carrying value
of land parcel measuring 2 acres at Mouza Kalikapur, South 24 Parganas, West Bengal, considering that there is no
demonstrable progress on the project for which land was acquired on long term lease.

(iv) Govindpuram Ghaziabad:

Real Estate Land Bank includes an amount of H 6,450.22 lakh as at March 31,2026 (March 31,2025: H 6,450.22 lakh)
pertaining to a leasehold land parcel measuring 14,675 sq. mtrs. located at Govind Puram, Ghaziabad, acquired in 2012.

The Company had received a demand notice from Ghaziabad Development Authority (GDA) towards disputed corner
charges and infrastructure charges amounting to H 1,228.76 lakh. Challenging the said demand, the Company filed a
Writ Petition before the Hon’ble Allahabad High Court. Pending adjudication of the matter, and pursuant to a recovery
certificate issued by the SDM, Ghaziabad, the Company deposited H 1,228.76 lakh under protest on May 24, 2025. The
Hon’ble High Court has, meanwhile, kept recovery proceedings pursuant to the said demand notice in abeyance pending
disposal of the matter vide order dated May 26, 2025.

(v) NBCC Plaza at PushpVihar

The Company had paid a sum of H 3,021.78 Lakh to Land & Development Office (L&DO), Ministry of Housing & Urban
Affairs (MoHUA) in the year 2011 as additional premium for availing additional ground coverage (FAR) for construction of
“Additional Shopping cum Car Parking Blocks” in “NBCC Plaza” at Pushp Vihar, New Delhi. The company has incurred
a sum of H 1,718.84 lakh on construction cost including ground rent of the project till March 31, 2026 (H 1,718.84 lakh
upto March 31,2025). Real Estate Construction Work in Progress includes an amount of H 4,740.61 Lakh (Previous Year
H 4,740.61 Lakh) toward said project. Project is on hold pending approval of building plan by Municipal Corporation of
Delhi (MCD) since MCD is also demanding H 3,224.45 Lakh towards additional FAR Charges. Since the Company had
already paid the applicable FAR premium to L&DO, it contested the MCD's demand on grounds of dual charging for the
same component by two different authorities. Further, the matter has been deliberated in a meeting chaired by Hon’ble
Minister of State, MoHUA held on April 13, 2026, wherein MCD has been directed to place NBCC’s request before the
Competent Authority/ House for issuance of conditional Sanction Building plan to facilitate completion of Phase II works
by NBCC. Upon completion of Phase- II works, NBCC shall apply for issuance of Completion certificate and shall pay
the requisite charges towards Additional FAR to MCD. Further, L&DO has been directed to consider NBCC’s request
to examine the feasibility of execution of Lease Deed (conditional, if any) with NBCC, incorporating a provision for
completion of the balance works.

A complete provision representing the value of expenditure towards construction amounting to H 954.43 lakh up to March
31,2026 (H 954.43 lakh up to March 31,2025) has been created in the books.

(vi) Kochi, Kerala

The Company has constructed a Group Housing Real Estate project at Kochi, Kerala, comprising 3,20,216 sq. ft. of
residential and 4,424 sq. ft. of commercial area on a Freehold land parcel of 3.18 acres having a value of H 281.77 Lakh.
The total cost including land, incurred on the project amounts to H 8,700.91 lakh up to March 31,2026 (H 8,732.68 lakh up
to March 31,2025). The sale of units in the project was put on hold due to the non-availability of Environmental Clearance
(EC) and other requisite statutory approvals. RERA Registration was received for the project which has been expired in
December, 2024 and renewal of the same was under process. EC is pending for project.

The State Expert Appraisal Committee (SEAC) in 147th meeting held on July 21, 2023 recommended the grant of EC
under the Office Memorandum (OM) dated July 07, 2021 and January 28, 2022 issued by Ministry of Environment Forest

& Climate Change (MoEFCC). EC was put on hold due to stay on both the aforesaid OMs by the Hon’ble Supreme Court,
in W.P.(C) No. 1394/2023 titled Vanashakti vs. Union of India, vide order dated January 02, 2024.

Vide order dated May 16, 2025, the Hon’ble Supreme Court held that the 2017 Notification, OM of 2021 and all related
circulars, orders, and notifications issued in furtherance thereof are illegal and accordingly struck down.

In view of the said decision, Company had written down the value of its inventory toward said project by H 8,015.53 lakh as
Exceptional Item and value of land of the project was restated at its original cost of H 281.77 lakh and shown under “real
estate land bank” and H 435.38 Lakh was shown under “Real Estate Building Structure (Unsold Units) -Scrap”, being net
realisable scrap value in FY 2024-25.

In the Current Financial Year, the Hon’ble Supreme Court, vide judgment dated November 18, 2025 in the Review
Petition, recalled its earlier judgment dated May 16, 2025 and restored the original writ petitions and civil appeals to file.
Accordingly, the earlier write-down amounting to H 8,015.53 lakh has been reversed as Exceptional Item and the project
has been reinstated under “Real Estate Inventory (Work-in-Progress)” at original total cost.

Further, an independent IBBI-registered valuer has assessed the Net Realisable Value (NRV) of the project at H 9,631.13
lakh as at March 31,2026.

(vii) Jackson Gate, Agartala

The Company Real Estate Completed Projects includes H 916.96 lakh up to March 31,2026 (H 916.96 lakh up to March
31,2025), towards its share in development of a project located at Jackson Gate, Agartala, under Joint Operations with
Agartala Municipal Corporation (AMC). Since the project has already been completed, RERA registration is not required,
as confirmed by the Tripura Real Estate Regulatory Authority (T-RERA). The Company received communications from
Agartala Municipal Corporation that Govt. of Tripura has decided to set up a 50 bedded city hospital in vacant portion of
building. AMC has initiated the process for obtaining necessary budgetary allocation to acquire the entire building under
Agartala Municipal Corporation by purchasing complete share of NBCC for the said purpose.

(viii) Group Housing project in Alwar

The Company Real Estate Completed Projects includes H 5,806.44 Lakh up to March 31, 2026 (H 5,806.44 Lakh up to
March 31, 2025) towards the cost of a Group Housing project constructed on lease hold land located at Alwar named
Aravali Apartments. The substantial portion of the project was completed in the year 2018. The completion certificate of
the project has been obtained and RERA registration/exemption has been received from Authority on October 29, 2024.
A provision of H 1,256.44 lakh had been created in the books towards reduction in the Net Realisable Value of the said
Project upto March 31,2025.

Pursuant to the e-auction conducted during the current year, the Company has received a firm sales commitment from
the H-1 bidder for sale of the project on an “As Is Where Is” basis for a total consideration of H 5,855 lakh. In view of the
said firm sales commitment and the resultant increase in net realisable value, the provision of H 1,256.44 lakh created up
to March 31,2025 has been reversed during the year ended on March 31,2026, in accordance with Ind AS.

(ix) Sukheas Lane, Kolkata

Real Estate Construction Work in Progress includes a project at Sukheas Lane, Kolkata, developed under a Joint Venture
between NBCC (India) Limited and Kolkata Metro Rail Corporation Limited (KMRCL). The Company has incurred a total
cost of H 549.59 lakh up to March 31,2026 (Previous Year: H 549.59 lakh as of March 31,2025). Since no MOU has been
executed between the joint venture partners and given the prolonged inaction and lack of tangible progress, the cost
incurred by the Company on this project has been fully provided for in previous year.

(x) Sector - 37 D, Gurugram

The company had developed a residential real estate project at NBCC Green View, Sector - 37 D, Gurugram. The
Company had sold 392 units (255 flats, 126 EWS and 11 shops) out of 942 units and had received total amount of
H 21,012.80 lakh out of which H 15,957.58 lakh was recognised as revenue in the previous years and H 4,048.57 lakh was
booked as advance from Allottees till March 31,2022.

Subsequently, the buildings in the project exhibited structural cracks. Following expert advice from IIT Delhi, IIT Roorkee,
CBRI Roorkee, and CPWD, the building got fully evacuated due to safety concerns.

The company provides multiple settlement options to the allottees, including reconstruction of flats / units, full refund with
or without interest based on internal assessment and on the basis of the order of various forum, since affected buyer
filed petition at various forum i.e. Haryana RERA, High Court and National Consumer Disputes Redressal Commission
(NCDRC) Subsequently, the National Consumer Disputes Redressal Commission (NCDRC), via its order dated March 5,

2024, instructed the company to refund all deposits with 9% p.a. interest and pay H 10 lakh as exemplary damages to each
allottee within two months. The Board, in its 537th meeting on April 27, 2024, approved settlement with affected allottees
except those opting for reconstruction. A review petition led to an NCDRC clarification on April 16, 2024, confirming the
applicability of the order to all non-settled allottees.

Accordingly provisions were made in the books as per the NCDRC Orders for all allotees except those who opted for
reconstruction. In respect of those allotees who opted reconstruction, provision was made based on expected cost of
reconstruction. As a result, the company has recognized total provisions/write-offs/expenses amounting to H 46,882.51
lakh up to March 31,2026 (H 46,882.51 lakh up to March 31,2025) as exceptional items.

For the year ended March 31,2026, the Company spent of H 1,418.54 lakh (H 1,082.98 lakh towards buyback of flats/units
and H 335.56 lakh towards refund of advances). The Company has written down inventory amounting to H 1,004.95 lakh,
being the excess of amounts paid for buyback over the proportionate value of flats/units of H 78.03 lakh (lower of cost or
net realizable value), and equivalent provisions created in earlier years pursuant to the NCDRC order have accordingly
been reversed under Exceptional Item.

For the year ended March 31, 2026, the Company incurred H 490.85 lakh respectively towards various fees, including
scrutiny fees, licence renewal fees, composition fees, and charges payable to local authorities such as the Directorate
of Town & Country Planning, Haryana, and Haryana Vidyut Prasaran Nigam Limited. Accordingly, equivalent amounts of
H 490.85 lakh have been capitalized by adding to the value of inventory of the said project.

Further, for the year ended March 31,2026, the Company incurred rental expenses amounting to H 89.17 lakh towards
payments made to allottees who had opted for the reconstruction option as part of the settlement arrangement.
Accordingly, the equivalent provision created in earlier years in respect of the same has been reversed and disclosed
under Exceptional Items.

Further, since the project is now under construction, the Freehold land of the said project representing the proportionate
value of undivided share attributable to unsold/buy-back units along with other construction expenditures amounting to
H 9,438.05 lakh as at March 31,2026 (H 8,869.17 lakh as at March 31,2025 Real Estate land Inventory) is included in the
Real Estate Work in Progress Inventory.

Legal Cases:

A recovery suit has been filed in the Delhi High Court against Ramacivil India Construction (P) Ltd. and others for H 75,000
lakh related to the project. Currently, there are 16 pending litigations against the company from allottees, who are neither
accepting refund as per NCDRC nor opting settlement through reconstruction, and also from contractors.

The costs and liabilities (if any), that may possibly be incurred towards additional interest or other compensation are not
ascertainable as on date. However, quantifiable claims of homebuyers/allottees and contractor is H 6,355.92 lakh as at
March 31,2026 (March 31,2025 H 6,605.26 lakh), has been included in Contingent liability of the Company.

(xi) Ghitorni

The Company is in possession of a leasehold land (perpetual) parcel at Ghitorni, New Delhi, which was earlier classified
as Property, Plant and Equipment (PPE) at H 255.33 lakh in the books of accounts. Considering the prevailing property
market in the area, the Company intends to utilize the said land for development and monetization as part of its real
estate business operations. Accordingly, the property has been reclassified from Property, Plant and Equipment (PPE) to
Inventory (Land Bank) at its carrying value of H 255.33 lakh.

In accordance with the settlement arrived at between the Company and the Government of National Capital Territory of
Delhi (GNCTD), the Company has paid H 22,087.50 lakh towards one-time land premium, lump-sum interest, ground rent
and other related charges for obtaining NOC from GNCTD for utilisation of the subject land to be perpetually leased to the
Company, along with the right to sub-lease the subject land, built-up area or part thereof, in accordance with applicable
rules, regulations and bye-laws.

Pending execution of the lease deed with the concerned authority, the Company has also recognised a provision of
H1,080.00 lakh towards estimated stamp duty and registration charges. The aforesaid expenditure has been capitalised
under “Real Estate Land Bank” within Inventories.

Note -59

Other Disclosures

(a) Additional Information in pursuance to Schedule III Division II is disclosed as under:

(i) The company has not been declared a Wilful Defaulters by any bank or financial institution or consortium thereof in
accordance with the guidelines on Wilful defaulters issued by the RBI.

(ii) There are no proceedings initiated or pending against the company for holding any Benami property under the
Benami Transactions (Prohibition) Act, 1988 (45 of 1988) (amended in 2016) and rules made thereunder.

(iii) The company has not traded or invested in Crypto currency or virtual currency during the Year.

(iv) The company has neither advanced, loaned or invested fund nor received any fund to/from any person or entity
including foreign entities (Intermediaries) for lending or investing or providing guarantee to/on behalf of the ultimate
beneficiary during the year.

(v) During the Financial year, there is no charge or satisfaction of charge which is yet to be registered with ROC beyond
the statutory period.

(vi) During the FY 2025-26 till March 31,2026 the company has not entered into any scheme of arrangement in terms
of sections 230 to 237 of the Companies Act, 2013.

Subsequent to the reporting date, Department of Investment and Public Asset Management (DIPAM), Ministry of
Finance, Govt. of India vide its Office Memorandum (OM) dated April 16, 2026, has conveyed its ‘No Objection’ on
the proposed merger of the HSCC (India) Limited (wholly owned subsidiary company) with NBCC (India) Limited
(Holding Company) in compliance with the extant guidelines.

Further, the Board of Directors of NBCC (India) Limited, in its meeting held on April 22, 2026, took note of the
aforesaid OM. A Transaction Advisor has been appointed and a Board-level Merger Committee has been constituted
to oversee the scheme of Merger and its implementation.

(vii) The company does not have any transaction not recorded in the books of accounts that has been surrendered or not
disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.

(viii) Pursuant to Rule 2(2)(d) of the Companies (Restriction on number of Layers) Rules, 2017, the requirement of
number of layers not applicable to the company.

(ix) The company has not taken any Fund based loan / limit from banks or financial institutions on the basis of security
of current assets. Hence, the use of borrowing for specific purpose not applicable to the company.

(b) The major clients of the company are ministries, Government Departments, Government Authorities and Public Sector
Undertakings. The balances of the clients in the nature of Trade Receivables, Loans and Advances, Earnest Money
Deposit, Security Deposit and Deposits in the nature of trade receivables classified under current and non current assets;
and also the trade payables are subject to confirmation, reconciliation and consequent adjustments. The management
does not expect any significant impact upon such reconciliation.

(c) The Company has submitted a Resolution Plan under the Insolvency and Bankruptcy Code, 2016 on May 17, 2025
as Resolution Applicant in the matter of Corporate Insolvency Resolution Process (CIRP) of Celebration City Projects
Private Limited (CCPPL), to be referred as Corporate Debtor. However, the Resolution Plan submitted by the Company
did not secure the requisite voting percentage for approval in the meeting of the Committee of Creditors (CoC) of CCPPL.

(d) The Board has approved use of Non-Fund Based Limit up to AED 12 Million by M/s NBCC Overseas Real Estate LLC,
Dubai (wholly owned subsidiary company) towards submission of Performance BG for Dubai RERA. Till the reporting
date no Performance BG is provided for said Subsidiary.

(e) The company has acquired a 100% stake in HSCC (India) Limited (HSCC) by paying H 28,500.00 lakh to the Government
of India during FY 2018-19. As of March 31, 2026, the Net Asset Value of HSCC is lower than the carrying amount
of the company's investment. The subsidiary has consistently generated profits, paid dividends to the company, and
experienced an increase in its Net Asset Value since the acquisition.

Considering the revenue projections, existing order in hand, anticipated future profitability, and the liquidity position, the
management is confident that the Net Asset Value of the subsidiary company will improve and eventually match the
carrying value of the investment.

(f) Subsequent to reporting date, the Company has been allotted a tower at Bharat Business Park, Delhi pursuant to the
e-auction held on 16.04.2026 for a total estimated consideration of H 1,37,445 lakh (approx.).

(g) The Company has incorporated a branch in Dubai (Mainland), UAE, on January 07, 2026, with a Trade License for
Project Management Services to undertake projects in the Dubai mainland. The Branch has not done any transaction till
March 31,2026.

(h) The Company has assessed the financial impact arising from the implementation of the New Labour Codes. The financial
impact, though not material, has been recognised in the financial results for the year ended March 31,2026. The Company
continues to monitor further developments and additional impact, if any, will be evaluated and accounted for appropriately.

Note -60

Reclassification/Regrouping of Previous Year Figures & Impact of change in Material Accounting Policies

During the year ended March 31,2026, the company has made primarily following reclassifications/regrouping in comparative

financial year ended March 31,2025 to reflect more appropriately the nature of such items.

There is no impact of above reclassifications on Profit/ Loss and retained earnings.

During the year following changes are made in material accounting policy:

1) Revenue Recognition

During the Current Financial Year, the company has strategically entered into the business of leasing of Real Estate
assets as part of its Real Estate Operations which now constitutes a core operating activity of the Company and

accordingly, the accounting policy has been revised to classify income from such leasing activities under Revenue
from Operations. Comparative figures for the previous year have been restated accordingly, as stated above.

2) Post Employment Benefits (Provident Fund)

The Company is obligated to make good any shortfall in the returns of the Provident Fund trust to ensure payment
of interest at the rate notified by the Government, accordingly company has change accounting policy to consider
same as defined benefit plan to the extent that the Company has an obligation to make good the shortfall. In view
of change in accounting policy company has made a provision of H 364.14 lakh in current financial year. As value of
plan assets is more than present value of obligation as on March 31,2025, accordingly, no adjustment is required in
comparative amount.

3) Intangible Assets - Research and Development (R&D) expenditure

A new paragraph has been inserted to provide clarity on the accounting treatment of Research and Development
(R&D) expenditure as consistently applied by the Company. The aforesaid inclusion does not result in any change
to, or required any adjustment.

Note -61

Supplier Finance Arrangement:

The Ministry of Micro, Small and Medium Enterprises vide its Notification bearing S.O. 5621(E) dated November 02, 2018
has mandated all Central Public Sector Enterprises (CPSEs) to get themselves registered on the TReDs Platform to ensure
cash liquidity for MSME Suppliers. Trade Receivables Discounting System (TReDs) is a Reserve Bank of India (RBI) initiative
to ensure timely payments to the suppliers which qualify as Micro, Small and Medium Enterprises (MSMEs) under the Micro,
Small and Medium Enterprises Development Act, 2006. It is a digital platform for MSME Suppliers to auction/discount their
trade receivables at competitive rates through online bidding. Company has successfully onboarded with all five TReDS
platforms for providing facility of supply finance arrangement to MSME vendors. No MSME vendor has auction/discount their
trade receivables related to NBCC during the current Financial Year 2025-26 (PY 2024-25 NIL).

Note -62

Events After Balance Sheet Date

Proposed Final Dividend H 0.46 per share on face value of H 1.00 per share (P.Y. H 0.14 per share on face value of H 1 per share)
for the financial year 2025-26 which is subject to approval of shareholders in ensuing annual general meeting of the company.

Note -63

Regrouping / Reclassified

Previous year figures have been regrouped and/or reclassified, wherever considered, necessary to conform to those of the
current year grouping and/or classification. Negative figures have been shown in brackets.