(m) Provisions & Contingent liabilities

A provision is recognised if, as a result of a past event, the Company has a present legal or constructive obligation
that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle
the obligation. If the effect of the time value of money is material, provisions are determined by discounting the
expected future cash flows at a pre-tax rate that reflects current market assessments of the time value of money
and the risks specific to the liability. Where discounting is used, the increase in the provision due to the passage
of time is recognised as a finance cost.

Restructuring

A provision for restructuring is recognised when the Company has approved a detailed and formal restructuring
plan, and the restructuring either has commenced or has been announced publicly. Future operating costs are
not provided.

Onerous contracts

A provision for onerous contracts is recognised when the expected benefits to be derived by the Company from
a contract are lower than the unavoidable cost of meeting its obligations under the contract. The provision is
measured at the present value of the lower of the expected cost of terminating the contract and the expected net
cost of continuing with the contract. Before a provision is established, the Company recognizes any impairment
loss on the assets associated with that contract.

Reimbursement rights

Expected reimbursements for expenditures required to settle a provision are recognised only when receipt
of such reimbursements is virtually certain. Such reimbursements are recognised as a separate asset in the
balance sheet, with a corresponding credit to the specific expense for which the provision has been made.

Contingent liabilities

Contingent liability is a possible obligation arising from past events and whose existence will be confirmed only
by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the
entity or a present obligation that arises from past events but is not recognized because it is not probable that
an outflow of resources embodying economic benefits will be required to settle the obligation or the amount of
the obligation cannot be measured with sufficient reliability.

(n) Revenue recognition

The Company derives revenues primarily from IT services comprising software development and related services,
cloud and infrastructure services, maintenance, consulting and package implementation, licensing of software
products and platforms across the Company's core and digital offerings (together called as “software-related
services").

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and
the revenue can be reliably measured, regardless of when the payment is being made. Revenue is measured at
the fair value of the consideration received or receivable, taking into account contractually defined terms of
payment and excluding taxes or duties collected on behalf of the government. The specific recognition criteria
described below must also be met before revenue is recognised.

The Company's contracts with customers include an obligation to transfer multiple products and provision of
services to a customer. Revenues from customer contracts are considered for recognition and measurement
when the contract has been approved, in writing, by the parties to the contract, the parties to contract are
committed to perform their respective obligations under the contract, and the contract is legally enforceable.

The billing schedules agreed with customers include periodic performance-based billing and / or milestone-
based progress billings.

Revenue from licenses where the customer obtains a “right to use" the licenses is recognized at the time the
license is made available to the customer. Revenue from licenses where the customer obtains a “right to access"
is recognized over the access period.

Sale of Products

Revenue from Sale of Products is recognised when control of the Products are constructively transferred to the
customer at an amount that reflects the consideration entitled in exchange for those products.

Sale of services

Revenue from provision of services is recognised based on completion of defined milestones in contracts
executed or on time basis based on contract with customers and to the extent approved by customer.

Interest income

Interest income is recognised on a time proportion basis taking into account the amount outstanding and the
applicable interest rate. Interest income is included under the head "other income" in the Statement of Profit
and Loss.

Dividend income

Dividend income is recognised when the Company's right to receive the payment is established, which is
generally when shareholders approve the dividend. Dividend income is included under the head “other income"
in the Statement of Profit and Loss.

Exchange Gain

Transaction gains realized upon settlement of foreign currency transactions are included in determining net
profit for the period in which the transaction is settled. Exchange Gain is included under the head “other
income" in the Statement of Profit and Loss.

Other income

Revenue in respect of other income is recognized when a reasonable certainty as to its realization exists.

(o) Employee benefits

Employee benefits payable wholly within twelve months of receiving employee services are classified as short¬
term employee benefits. These benefits include salaries and wages, bonus and ex-gratia. The undiscounted
amount of short term employee benefits to be paid in exchange for employee services is recognised as an
expense as the related service is rendered by employees.

Retirement benefit in the form of provident fund is a defined contribution scheme. The Company has no obligation
other than the contribution payable to the Provident fund, ESI and gratuity. The Company recognizes contribution
payable to the Provident fund, ESI and gratuity schemes as an expense when an employee renders the related
service.

The Company provides defined benefit gratuity plan for the employees in India, which requires contributions to
be made to a separately administered fund.

Liabilities with regard to these defined benefit plans are determined by actuarial valuation at each Balance Sheet
date. These defined benefit plans expose the Company to actuarial risks, such as longevity risk, interest rate risk
and market risk.

Remeasurements, comprising of actuarial gains and losses, are recognized immediately in the balance sheet
with a corresponding debit or credit to retained earnings through OCI in the period in which they occur.
Remeasurements are not reclassified to profit and loss in subsequent periods.

(p) Leases

The determination of whether an arrangement is (or contains) a lease is based on the substance of the
arrangement at the inception of the lease. The arrangement is, or contains, a lease if fulfilment of the arrangement
is dependent on the use of a specific asset or assets and the arrangement conveys a right to use the asset or
assets, even if that right is not explicitly specified in an arrangement.

Company as a lessee

A lease is classified at the inception date as a finance lease or an operating lease. A lease that transfers
substantially all the risks and rewards incidental to ownership to the Company is classified as a finance lease.

Operating lease payments are recognised as an expense in the Statement of Profit and Loss on a straight-line
basis over the lease term.

Company as a lessor

Leases for which the Company is a lessor is classified as a finance or operating lease. Whenever the terms of the
lease transfer substantially all the risks and rewards of ownership to the lessee, the contract is classified as a
finance lease. All other leases are classified as operating leases.

(q) Employee Stock Option Plan (ESOP):

The Company recognizes compensation expense relating to share-based payments in net profit based on
estimated fair values of the awards on the grant date. The estimated fair value of awards is recognized as an
expense in the Statement of Profit and Loss on a straight-line basis over the requisite service period for each
separately vesting portion of the award as if the award was in-substance, multiple awards with a corresponding
increase to share options outstanding account.

(r) Dividends

Final dividends on shares are recorded as a liability on the date of approval by the shareholders and interim
dividends are recorded as a liability on the date of declaration by the Company's Board of Directors. The Company
declares and pays dividends in Indian rupees.

(s) Earnings per share:

The Company presents basic and diluted earnings per share ("EPS") data for its ordinary shares. Basic EPS is
calculated by dividing the profit or loss attributable to ordinary shareholders of the Company by the weighted
average number of ordinary shares outstanding at the end of the period. Diluted EPS is determined by adjusting
the profit or loss attributable to ordinary shareholders and the weighted average number of ordinary shares
outstanding for the effects of all dilutive potential ordinary shares, which includes all stock options granted to
employees.

(t) Subsequent Events:

There are no significant events that occurred after the balance sheet date.

b) Proceedings under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder

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

c) Willful Defaulter

The Company is not declared as willful defaulter by any bank or financial Institution or other lenders.

d) Relationship with Struck off Companies

The Company did not have any transactions with Companies struck off under Section 248 of Companies Act,
2013 or Section 560 of Companies Act, 1956 considering the information available with the Company.

Formula adopted for above Ratios:

Current Ratio = Current Assets / (Total Current Liabilities - Security Deposits payable on Demand - Current
maturities of Long-Term Debt)

Debt-Equity Ratio = Total Debt / Total Equity

Debt Service Coverage Ratio = (EBITDA - Current Tax) / (Principal Repayment Gross Interest on term loans)

Return on Equity Ratio = Total Comprehensive Income / Average Total Equity

Inventory Turnover Ratio (Average Inventory days) = 365 / (Net Revenue / Average Inventories)

Trade receivables Turnover Ratio (Average Receivables days) = 365 / (Net Revenue / Average Trade receivables)

Trade Payables Turnover Ratio (Average Payable days) = 365 / (Net Revenue / Average Trade payables)

Net Working Capital Turnover Ratio = (Inventory Turnover Ratio Trade receivables turnover ratio - Trade payables
turnover ratio)

Net Profit Ratio = Net Profit / Net Revenue

Return on Capital employed = (Profit Before Tax Interest) / (Average of (Equity Total Long-term debt))

Return on Investment (Assets) = Total Comprehensive Income / Average Total Assets

f) Scheme of arrangements

There is no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to 237 of the
Companies Act, 2013 during the year.

g) Advance or loan or investment to intermediaries and receipt of funds from intermediaries

The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any
other sources or kind of funds) to any other person(s) or entity(ices), including foreign entities (Intermediaries)
with the understanding (whether recorded in writing or otherwise) that the Intermediary shall (it) 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 (ii) provide any guarantee, security or the like to or on behalf of the Ultimate
Beneficiaries.

The company has also 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 (i) 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 (ii) provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries.

h) Pending Charge or satisfaction with ROC

The Company does not have any charges or satisfaction which is yet to be registered with Registrar of Companies
(‘ROC') beyond the statutory period.

i) Undisclosed Income

The Company do not have any transactions which are not recorded in the books of accounts that has been
surrendered or disclosed as income in the tax assessments under the Income Tax Act, 1961 during any of the
years.

j) Details of Crypto Currency or Virtual Currency

The Company did not trade or invest in Crypto Currency or virtual currency during the financial year. Hence,
disclosures relating to it are not applicable.

k) Revaluation of Property, Plant and Equipment’s.

During the year ended 31st March 2025, the Company has not revalued its Property, Plant and Equipment's.

l) Title deeds of Immovable Properties

Tittle deeds comprising of all the Immovable properties of the land and building held by the company are in the
name of company as at the balance sheet date.

37. Significant accounting judgements

The preparation of the Company's Financial Statements requires management to make judgements, estimates and
assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and the accompanying
disclosures, and the disclosure of contingent liabilities.

Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to
the carrying amount of assets or liabilities affected in future periods.

(A) Judgements

In the process of applying the Company's accounting policies, management has made the following judgements,
which have the most significant effect on the amounts recognised in the Financial Statements.

(i) Lease commitments - the Company as lessee

The Company has entered into lease for office premises. The Company has determined, based on an
evaluation of the terms and conditions of the arrangements, such as the lease term not constituting a
major part of the economic life of the land and office premises and the fair value of the asset, that it does
not retain significant risks and rewards of ownership of the land and the office premises and accounts for
the contracts as operating leases.

(B) Estimates and assumptions

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date,
that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities
within the next financial year, are described below. The Company based its assumptions and estimates on
parameters available when the Financial Statements were prepared. Existing circumstances and assumptions
about future developments, however, may change due to market changes or circumstances arising that are
beyond the control of the Company. Such changes are reflected in the assumptions when they occur.

(i) Defined employee benefit plans (Gratuity)

The cost of the defined benefit gratuity plan and the present value of the gratuity obligation are determined
using actuarial valuations. An actuarial valuation involves making various assumptions that may differ
from actual developments in the future. These include the determination of the discount rate; future salary
increases and mortality rates. Due to the complexities involved in the valuation and its long-term nature,
a defined benefit obligation is highly sensitive to changes in these assumptions. All assumptions are
reviewed at each reporting date.

The parameter most subject to change is the discount rate. In determining the appropriate discount rate for plans
operated in India, the management considers the interest rates of government bonds in currencies consistent
with the currencies of the post-employment benefit obligation.

The mortality rate is based on publicly available mortality tables. Future salary increases and gratuity increases
are based on expected future inflation rates. Further details about gratuity obligations are given in Note 32.

38. Financial risk management objectives and policies
Financial Risk Management Framework

The Company is exposed primarily to Credit Risk, Liquidity Risk and Market risk (fluctuations in foreign currency
exchange rates and interest rate), which may adversely impact the fair value of its financial instruments. The

Company assesses the unpredictability of the financial environment and seeks to mitigate potential adverse effects
on the financial performance of the Company.

Credit Risk

Credit risk is the risk that a counterparty will not meet its obligations under a financial instrument or customer
contract, leading to a financial loss. Credit risk encompasses both the direct risk of default and the risk of
deterioration of creditworthiness as well as concentration of risks. Credit risk is controlled by analyzing credit limits
and creditworthiness of customers on a continuous basis to whom the credit has been granted after obtaining
necessary approvals for credit. Financial instruments that are subject to concentrations of credit risk principally
consist of trade receivables, investments, loans, cash and cash equivalents, bank deposits and other financial assets.
None of the financial instruments of the Company result in material concentration of credit risk, except for trade
receivables.

Exposure to credit risk:

The carrying amount of Trade receivable represents the maximum credit exposure. The maximum exposure to credit
risk was ' 506,149 (excluding Subsidiaries) (In thousands) & ' 335,280 (excluding Subsidiaries) (In thousands) as
of March 31, 2025 and March 31, 2024, respectively, being the total of the carrying number of balances with trade
receivables.

Trade receivables:

Ind AS requires expected credit losses to be measured through a loss allowance. The Company assesses at each date
of statements of financial position whether a financial asset or a group of financial assets is impaired. Expected
credit losses are measured at an amount equal to the 12 month expected credit losses or at an amount equal to
the lifetime expected credit losses if the credit risk on the financial asset has increased significantly since initial
recognition. The Company has used a practical expedient by computing the expected credit loss allowance for trade
receivables based on a provision matrix. The provision matrix takes into account historical credit loss experience and
adjusted for forward-looking information.

Before accepting any new customer, the Company uses an internal credit scoring system to assess the potential
customer's credit quality and define credit limits of customer. Limits and scoring attributed to customers are reviewed
at periodic intervals. The expected credit loss allowance is based on the ageing of the days the receivables are due.

Liquidity Risk

Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The objective of liquidity
risk management is to maintain sufficient liquidity and ensure that funds are available for use as per requirements.
The Company manages liquidity risk by maintaining adequate reserves, banking facilities and reserve borrowing
facilities, by continuously monitoring forecast and actual cash flows, and by matching the maturity.

As of 31 March 2025, the Company had working capital (current assets less current liabilities) of ' 473,843 (in
thousands) including cash and cash equivalents of ' 132,513 (in thousands), investments in term deposits & Mutual
Funds of ' 349,295 (in thousands). As of 31 March 2024, the Company had working capital (current assets less current
liabilities) of ' 301,441 (in thousands) including cash and cash equivalents of ' 127,266(in thousands), investments
in term deposits & Mutual Funds of ' 462,395 (in thousands)

Market Risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of
changes in market prices. Such changes in the values of financial instruments may result from changes in the

foreign currency exchange rates, interest rates, credit, liquidity and other market changes. The Company's exposure
to market risk is primarily on account of foreign currency exchange rate risk.

Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because
of change in market interest rates. As the Company's debt obligation with Fixed interest rates are in Rupees which is
subject to insignificant change, exposure to the risk of changes in market interest rates are substantially independent
of changes in market interest rates. As the company has no significant interest-bearing assets, the income and
operating cash flows are substantially independent of changes in market interest rates.

Foreign Currency exchange rate risk

The fluctuation in foreign currency exchange rates may have potential impact on the statement of profit or loss and
other comprehensive income and equity, where any transaction references more than one currency or where assets
/ liabilities are denominated in a currency other than the functional currency of the respective entities. Considering
the countries and economic environment in which the Company operates, its operations are subject to risks arising
from fluctuations in exchange rates in those countries. The risks primarily relate to fluctuations in US Dollar, Euros,
AED and GBP against the functional currencies of the Company.

As per our Report of even date attached.

For MSPR & Co., For and on behalf of the Board of Directors of

Chartered Accountants INTENSE TECHNOLOGIES LIMITED

Firm Regn.No.010152S

Sd/- Sd/- Sd/-

Madhusudhan Voruganti C.K. Shastri Jayant Dwarkanath

^Partner Managing Director Director

^Membership ^No.²⁰⁸⁷⁰¹ DIN: 00329398 DIN: 00329597

UDIN: 25208701BMIOKY6466

Sd/- Sd/-

Date:16^th May 2025 Nitin Sarda Podugu Pratyusha

Place: Hyderabad Chief Financial Officer Company Secretary