m) Provisions

A provision is recognized 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.

When the Company expects some or all of a provision
to be reimbursed, for example, under an insurance
contract, the reimbursement is recognized as a
separate asset, but only when the reimbursement is
virtually certain. The expense relating to a provision is
presented in the statement of profit and loss net of any
reimbursement.

If the effect of the time value of money is material,
provisions are discounted using a current pre-tax rate
that reflects, when appropriate, the risks specific to the
liability. When discounting is used, the increase in the
provision due to the passage of time is recognized as a
finance cost.

n) Contingent liabilities

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

o) Retirement and other employee benefits

(i) Post-employment benefits

• Defined contribution plan

The Company makes payment to provident
fund scheme which is defined contribution
plan. The contribution paid/payable under
the schemes is recognized in the statement

of profit and loss during the period in which
the employee renders the related service.
The Company has no further obligations
under these schemes beyond its periodic
contributions.

The Company recognize contribution
payable to the provident fund scheme as an
expenditure, when an employee renders the
related services. If the contribution payable
to the scheme for services received before
balance sheet date exceeds the contribution
already paid, the deficit payable to the
scheme is recognized as a liability after
deducting the contribution already paid. If
the contribution already paid exceeds the
contribution due for services received before
the balance sheet date, then the excess
recognized as an asset to the extent that
the pre-payment will lead to, for example, a
reduction in future payment or cash refund.

• Defined benefit plan

The Company operates a defined benefit plan
for its employees, viz. gratuity. The present
value of the obligation under such defined
benefit plans is determined based on the
actuarial valuation using the Projected Unit
Credit Method as at the date of the Balance
sheet. The fair value of plan asset is reduced
from the gross obligation under the defined
benefit plans, to recognize the obligation on
a net basis.

Re-measurements, comprising of actuarial
gains and losses, the effect of the asset
ceiling, excluding amounts included in net
interest on the net defined benefit liability and
the return on plan assets (excluding amounts
included in net interest on the net defined
benefit liability), 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. Re¬
measurements are not reclassified to the
statement of profit and loss in subsequent
periods.

Past service costs are recognized in
statement of profit and loss on the earlier of:

• the date of the plan amendment or
curtailment; and

• the date that the Company recognizes
related restructuring costs

Net interest is calculated by applying the
discount rate to the net defined benefit
liability or asset. The Company recognizes
the following changes in the net defined
benefit obligation as an expense in the
statement of profit and loss:

• service costs comprising current service

costs, past-service costs, gains and

losses on curtailments and non-routine

settlements; and

• net interest expense or income.

(ii) Short-term employee benefits

The distinction between short term and long
term employee benefits is based on expected
timing of settlement rather than the employee's
entitlement benefits. All employee benefits

payable within twelve months of rendering the
service are classified as short term benefits. Such
benefits include salaries, wages, bonus, short
term compensated absences, awards, ex-gratia,
performance pay, etc. and are recognized in the
period in which the employee renders the related
service.

(iii) Other long-term employment benefits:

The Company treats accumulated leave expected
to be carried forward beyond twelve months, as
long-term employee benefit for measurement
purposes. Such long-term compensated
absences are provided for based on the actuarial
valuation using the projected unit credit method
at the year end. Actuarial gains/losses are
immediately taken to the statement of profit and
loss and are not deferred. The Company presents
the leave as a current liability in the Balance Sheet
to the extent it does not have an unconditional
right to defer its settlement for 12 months after
the reporting date. Where the Company has the
unconditional legal and contractual right to defer
the settlement for a period beyond 12 months, the
same is presented as non-current liability.

p) Share based payments

Employees of the Company receive remuneration in the
form of share-based payments, whereby employees
render services as consideration for equity instruments
(equity-settled transactions).

Equity-settled transactions

The cost of equity-settled transactions is determined
by the fair value at the date when the grant is made
using an appropriate valuation model. (refer note 35)
That cost is recognized, together with a corresponding
increase in share based payment reserves in equity,
over the period in which the performance and/or
service conditions are fulfilled in employee benefits
expense. The cumulative expense recognized for
equity-settled transactions at each reporting date until
the vested date reflects the extent to which the vesting
period has expired and the Company’s best estimate
of the number of equity instruments that will ultimately
vest. The statement of profit and loss expense or credit
for a period represents the movement in cumulative
expense recognized as at the beginning and end of that
period and is recognized in employee benefits expense.
No expense is recognized for awards that do not
ultimately vest, except for equity-settled transactions
for which vesting is conditional upon a market or
non-vesting condition. These are treated as vesting
irrespective of whether or not the market or non¬
vesting condition is satisfied, provided that all other
performance and/or service conditions are satisfied.
When the terms of an equity-settled award are modified,
the minimum expense recognized is the expense had
the terms not been modified, if the original terms of the
award are met. An additional expense is recognized for
any modification that increases the total fair value of
the share-based payment transaction, or is otherwise
beneficial to the employee as measured at the date of
modification.

The dilutive effect of outstanding options is reflected as
additional share dilution in the computation of diluted
earnings per share.

q) Financial instruments

A financial instrument is any contract that gives rise to
a financial asset of one entity and a financial liability or
equity instrument of another entity.

• Financial assets

Initial recognition and measurement of financial
assets

All financial assets are recognized initially at
fair value plus, in the case of financial assets
not recorded at fair value through profit or loss,
transaction costs that are attributable to the
acquisition of the financial asset.

Subsequent measurement

For purposes of subsequent measurement,
financial assets are classified in the following
categories:

- debt instruments at amortized cost

- debt instruments at fair value through profit
or loss (FVTPL)

- equity instruments measured at fair value
through profit or loss (FVTPL) / other
comprehensive income (FVTOCI)

Debt instruments at amortized cost

A 'debt instrument’ is measured at the amortized
cost if both the following conditions are met:

- the asset is held within a business model
whose objective is to hold assets for
collecting contractual cash flows, and

- contractual terms of the asset give rise on
specified dates to cash flows that are solely
payments of principal and interest (SPPI) on
the principal amount outstanding.

This category is the most relevant to the
Company. After initial measurement, such
financial assets are subsequently measured at
amortized cost using the EIR method. Amortized
cost is calculated by taking into account any
discount or premium on acquisition and fees or
costs that are an integral part of the EIR. The EIR
amortization is included in finance income in the
statement of profit and loss. The losses arising
from impairment are recognized in the statement
of profit and loss.

Debt instrument at FVTPL
FVTPL is a residual category for debt instruments.
Any debt instrument, which does not meet the
criteria for categorization as at amortized cost or
as FVTOCI, is classified as at FVTPL.

Debt instruments included within the FVTPL
category are measured at fair value with all
changes recognized in the statement of profit and
loss.

Equity investments

All equity investments in scope of Ind AS 109
are measured at fair value. Equity instruments
which are held for trading and contingent
consideration recognized by an acquirer in
a business combination to which Ind AS103

applies are classified as at FVTPL. For all other
equity instruments, the Company may make
an irrevocable election to present subsequent
changes in the fair value in other comprehensive
income. The Company makes such election
on an instrument-by-instrument basis. The
classification is made on initial recognition and is
irrevocable.

The Company has decided to classify equity
instrument as FVTOCI and all fair value changes
on the instrument, excluding dividends, are
recognized in the OCI. There is no recycling of
the amounts from OCI to statement of profit and
loss, even on sale of investment. However, the
Company may transfer the cumulative gain or
loss within equity.

Equity instruments included within the FVTPL
category are measured at fair value with all
changes recognized in the statement of profit and
loss.

Derecognition

A financial asset (or, where applicable, a part of
a financial asset or part of a Company of similar
financial assets) is primarily derecognized when:

- The rights to receive cash flows from the
asset have expired, or

- The Company has transferred its rights to
receive cash flows from the asset or has
assumed an obligation to pay the received
cash flows in full without material delay
to a third party under a 'pass-through'
arrangement; and either (a) the Company
has transferred substantially all the risks and
rewards of the asset, or (b) the Company has
neither transferred nor retained substantially
all the risks and rewards of the asset, but has
transferred control of the asset.

When the Company has transferred its rights to
receive cash flows from an asset or has entered
into a pass-through arrangement, it evaluates
if and to what extent it has retained the risks
and rewards of ownership. When it has neither
transferred nor retained substantially all of the
risks and rewards of the asset, nor transferred
control of the asset, the Company continues to
recognize the transferred asset to the extent of
the Company's continuing involvement. In that

case, the Company also recognizes an associated
liability. The transferred asset and the associated
liability are measured on a basis that reflects
the rights and obligations that the Company has
retained.

Continuing involvement that takes the form of a
guarantee over the transferred asset is measured
at the lower of the original carrying amount of the
asset and the maximum amount of consideration
that the Company could be required to repay.
Impairment of financial assets
In accordance with Ind AS 109, the Company
applies expected credit loss (ECL) model for
measurement and recognition of impairment loss
on the following financial assets and credit risk
exposure:

- Trade receivables or any contractual right to
receive cash or another financial asset that
result from transactions that are within the
scope of Ind AS 115.

The Company follows 'simplified approach' for
recognition of impairment loss allowance on
trade receivable.

The application of simplified approach does
not require the Company to track changes in
credit risk. Rather, it recognizes impairment
loss allowance based on lifetime ECLs at each
reporting date, right from its initial recognition.

For recognition of impairment loss on other
financial assets and risk exposure, the Company
determines that whether there has been a
significant increase in the credit risk since initial
recognition. If credit risk has not increased
significantly, 12-month ECL is used to provide
for impairment loss. However, if credit risk has
increased significantly, lifetime ECL is used. If, in a
subsequent period, credit quality of the instrument
improves such that there is no longer a significant
increase in credit risk since initial recognition,
then the entity reverts to recognising impairment
loss allowance based on 12-month ECL.

Lifetime ECL are the expected credit losses
resulting from all possible default events over
the expected life of a financial instrument. The
12-month ECL is a portion of the lifetime ECL
which results from default events that are possible
within 12 months after the reporting date.

ECL is the difference between all contractual cash
flows that are due to the Company in accordance
with the contract and all the cash flows that the
entity expects to receive (i.e., all cash shortfalls),
discounted at the original EIR. When estimating
the cash flows, an entity is required to consider:

- All contractual terms of the financial
instrument (including prepayment,
extension, call and similar options) over the
expected life of the financial instrument.
However, in rare cases when the expected
life of the financial instrument cannot be
estimated reliably, then the entity is required
to use the remaining contractual term of the
financial instrument; and

- Cash flows from the sale of collateral held or
other credit enhancements that are integral
to the contractual terms

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

ECL impairment loss allowance (or reversal)
recognized during the period is recognied as
expense/ (income) in the statement of profit and
loss. This amount is reflected under the head
'Other expenses’ in the statement of profit and
loss. The balance sheet presentation for various
financial instruments is described below:

- Financial assets measured as at amortized
cost and contractual revenue receivables:
ECL is presented as an allowance, i.e., as an
integral part of the measurement of those
assets in the balance sheet. The allowance
reduces the net carrying amount. Until the
asset meets write-off criteria, the Company
does not reduce impairment allowance from
the gross carrying amount; and

- Loan commitments and financial guarantee
contracts: ECL is presented as a provision in
the balance sheet, i.e. as a liability.

For assessing increase in credit risk and
impairment loss, the Company combines
financial instruments on the basis of shared
credit risk characteristics with the objective of
facilitating an analyzis that is designed to enable
significant increases in credit risk to be identified
on a timely basis. The Company does not have
any purchased or originated credit-impaired
(POCI) financial assets, i.e., financial assets which
are credit impaired on purchase/ origination.

• Financial liabilities

Initial recognition and measurement

Financial liabilities are classified, at initial
recognition, loans and borrowings or payables as
appropriate.

All financial liabilities are recognized initially at fair
value.

The Company’s financial liabilities include trade
and other payables.

Subsequent measurement

The measurement of financial liabilities depends
on their classification, as described below:
Derecognition

A financial liability is derecognized when the
obligation under the liability is discharged or
cancelled or expires. When an existing financial
liability is replaced by another from the same
lender on substantially different terms, or the
terms of an existing liability are substantially
modified, such an exchange or modification
is treated as the derecognition of the original
liability and the recognition of a new liability. The
difference in the respective carrying amounts is
recognized in the statement of profit and loss.
Offsetting of financial instruments

Financial assets and financial liabilities are offset
and the net amount is reported in the standalone
balance sheet if there is a currently enforceable
legal right to offset the recognized amounts
and there is an intention to settle on a net basis,
to realize the assets and settle the liabilities
simultaneously.

r) Investment in subsidiaries

Investment in subsidiaries is carried at cost less
accumulated impairment in the standalone financial
statements

s) Cash and cash equivalents

Cash and cash equivalents in the balance sheet
comprize cash at banks and on hand and short-term
deposits with original maturity of three months or less,
which are subject to an insignificant risk of changes in
value. In the statement of cash flows, cash and cash
equivalents consist of cash and short-term deposits,
as defined above, net of outstanding bank overdrafts as
they are considered as integral part of the Company’s
cash management.

t) Cash dividend

The Company recognizes a liability to make cash
distributions to the equity holders of the Company
when the distribution is authorized and the distribution
is no longer at the discretion of the Company. As per the
provisions of the Act, a distribution is authorized when
it is approved by the shareholders. A corresponding
amount is recognized directly in equity.

u) Earnings per share (EPS)

Basic EPS is calculated by dividing the Company’s
earnings for the year attributable to ordinary equity
shareholders of the Company by the weighted average
number of ordinary shares outstanding during the
year. The earnings considered in ascertaining the
Company’s EPS comprise the net profit after tax
attributable to equity shareholders. The weighted
average number of equity shares outstanding during
the year is adjusted for events of bonus issue, bonus
element in a rights issue to existing shareholders,
share split, and reverse share split (consolidation of
shares) other than the conversion of potential equity
shares that have changed the number of equity
shares outstanding, without a corresponding change
in resources.

The diluted EPS is calculated on the same basis as
basic EPS, after adjusting for the effects of potential
dilutive equity shares. There were no instruments
excluded from the calculation of diluted earnings per
share for the periods presented because of an anti¬
dilutive impact.

v) Segment reporting

An operating segment is a component of a company
whose operating results are regularly reviewed by the
Company’s Chief Operating Decision Maker (CODM) to
make decisions about resource allocation and assess
its performance and for which discrete financial
information is available. The Company has identified
the Managing Directors of the Company as its CODM.

Q SIGNIFICANT ACCOUNTING JUDGEMENTS,
ESTIMATES AND ASSUMPTIONS

The preparation of the Company’s Standalone 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, including 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, the management has made the following
judgements, which have the most significant effect on
the amounts recognized in the Standalone financial
statements.

Revenue Recognition :

Significant Judgement is required for identifying
separate performance obligations, determination
of basis and its appropriateness for allocation of
transaction price to the identified performance
obligations and recognition of such identified
performance obligations based on timing of
satisfaction (i.e. over time or point in time). The
Company assess each promise in a contract
with customer to transfer a goods or service to
identify performance obligation. These contracts
generally meet the criteria for considering sale of
security software and related services as separate
performance obligation, wherein revenue is recognised
as and when control is transferred to the customer for
each performance obligation. The transaction price is
allocated to each performance obligation that depicts
the amount of consideration which the Company
expects to be entitled in exchange for transferring
the promised goods or services to the customer.
In Contracts, where arrangement is determined to
constitute a single performance obligation revenue
is recognised over the license period, reflecting the
continuous transfer of control to the customer.

(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

• Fair value measurement of financial instruments
- Investment in equity instruments and
preference shares

When the fair values of financial assets and
financial liabilities recorded in the balance sheet
cannot be measured based on quoted prices
in active markets, their fair value is measured
using valuation techniques including the DCF
model. The inputs to these models are taken from
observable markets where possible, but where this
is not feasible, a degree of judgement is required
in establishing fair values. Judgements include
considerations of inputs such as liquidity risk,
credit risk and volatility. Changes in assumptions
about these factors could affect the reported fair
value of financial instruments. Refer note 43 for
further disclosures.

1.1 Standards (including amendments) issued but not yet
effective

Ministry of Corporate Affairs ("MCA") notifies new
standard or amendments to the existing standards.
There is no such notification which would have been
applicable from April 01,2025.

The Company’s investment properties consist of office premises in India given on non-cancellable lease for a period of 11
months to 5 years.

Measurement of fair values of investment properties

As at March 31,2025, the fair values of the property is ' 75.91 (March 31,2024'65.79). The valuations are based on valuations
performed by Magnitas Valuation & Advisory Services LLP and M/s Rao associates (Registered Valuer & Chartered Engineer),
accredited independent valuer. The Valuer are a specialist in valuing these types of investment properties. A valuation model
in accordance with "internationally accepted valuation standards" that recommended by the International Valuation Standards
Committee has been applied.

Fair value hierarchy disclosures for investment properties have been provided in Note 44.

1. The Company has no restriction on the realizability of its investment properties and no contractual obligations to purchase, or
develop investment properties.

2. The fair valuation is based on current prices in the active market for similar properties. The main inputs used are quantum,
area, location, demand, age of the property. The fair value is based on valuation performed by an accredited independent valuer.
Fair valuation is based on Market and income approach for valuation. The fair value measurement is categorised in level 2 fair
value hierarchy.

Key assumption and inputs

The Company have adopted market approach to estimate the value of property, market rate is estimated based on Prime data
source & the rate applicable at surrounding vicinity.

1. Prime Source: Recorded sales tranaction in the vicinity of property.

2. Secondary sources: Local enquiry about the rates, web advertisement about the land rates, ready reckoner/ guideline rates.

(b) Rights, preferences and restrictions attached to equity shares

The Company has only one class of equity shares having par value of ' 10 per share. Each holder of equity shares is entitled to
one vote per share. The Company declares and pays dividend in Indian Rupees. The dividend proposed by the Board of Directors
is subject to approval of the shareholders in ensuing Annual General Meeting.

The Board of Directors, in their meeting on April 25, 2024, proposed a final dividend of ' 3 per equity share and the same was
approved by the shareholders at the Annual General Meeting held on September 06, 2024. The amount was recognized as
distributions to equity shareholders during the year ended March 31,2025 and the total appropriation was ' 16.13 including Tax
deduction at source.

The Board of Directors, in their meeting on April 17, 2023, proposed a final dividend of ' 2.50 per equity share and the same
was approved by the shareholders at the Annual General Meeting held on August 11, 2023. The amount was recognized as
distributions to equity shareholders during the year ended March 31,2024 and the total appropriation was ' 13.27 including Tax
deduction at source.

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

ES OTHER EQUITY (Contd.)

Amalgamation reserve

Pursuant to the scheme of amalgamation ("the Scheme") sanctioned by the Honourable High Court of Bombay, Cat Labs Private
Limited (CLPL), subsidiary of the Company, had been merged with the Company with effect from April 01,2010. Accordingly, an
amount of ' 2.65 was recorded as amalgamation reserve.

General reserve

Under the erstwhile Companies Act 1956, general reserve was created through an annual transfer of net income at a specified
percentage in accordance with applicable regulations. Consequent to introduction of Companies Act 2013, the requirement
to mandatorily transfer a specified percentage of the net profit to general reserve has been withdrawn. However, the amount
previously transferred to the general reserve can be utilized only in accordance with the specific requirements of Companies
Act, 2013.

Capital redemption reserve

The Company had bought back its share in the past. In accordance with section 69 of the Companies Act, 2013, Capital
Redemption Reserve is created (which represent nominal value of share bought back).

Retained earnings

Retained Earnings represent surplus i.e., balance of the relevant column in the Statement of Changes in Equity.

Share based payment reserve

The Company has two employee stock option schemes under which options to subscribe for the Company’s shares have been
granted to certain executives and senior employees. The share-based payment reserve is used to recognize the value of equity-
settled share-based payments provided to employees, including key management personnel, as part of their remuneration.
Refer note 35 for further details of these plans.

Fair value through other comprehensive income reserve

The Company has elected to recognize changes in the fair value of certain investments in equity securities in other comprehensive
income. These changes are accumulated within the equity instruments through other comprehensive income within equity. The
Company transfers amounts from this reserve to retained earnings when the relevant equity securities are derecognized.

i) Direct tax

The claims against the Company primarily represent demands arising on completion of assessment proceedings under the
Income Tax Act, 1961. These claims are majorly on account of disallowance of expenses pertaining to exempt income as per
section 14A read with rule 8D of the Income Tax Act, 1961.

These matters are pending before various Income Tax Authorities and the Management including its tax advisors expect that its
position will likely be upheld on ultimate resolution and will not have a material effect on the Company’s financial position and
results of operations.

ii) Indirect tax

The claim against the Company represented a demand arising on account of mismatch of ITC under the Goods and Services
Act, 2017. This matter was pending before Assistant Commissioner CGST and the Management including its tax advisors
expected that its position will likely be upheld on ultimate resolution and will not have a material effect on the Company’s
financial position and results of operations. The said demand is dropped by the office of the assistant commissioner of CGST
vide Order No 51/Adj/DIV-/C.Tax/GST/24-25 DIN - 20250268UC000000FB1F dated February 04, 2025.

iii) Provident fund

During the year ended March 31,2025, the Regional P.F. Commissioner ("RPFC") passed an order under Section 7A & 7Q of the
Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 ("Act") demanding ' 5.01 (including interest of ' 2.49)
on the grounds that it failed to remit Provident Fund ("PF") on wages for its employees for the period from September 2014 to
March 2019 for certain allowances of salary. The Company filed an appeal before the Central Government Industrial Tribunal
Cum-Labour Court ("CGIT") challenging the Employees’ Provident Fund Organisation’s ("EPFO") order along with the application
under Section 7O of the Act seeking a waiver from pre-deposit of the alleged Provident Fund Contributions till the final disposal
of the Appeal. The CGIT, after hearing the submissions made, passed an Order and directed RPFC, not to proceed with the
recovery against the Company on depositing 30% of the total amount assessed. The Company, based on the legal counsel’s
opinion, is of the view that the claim made by the RPFC is not probable, and accordingly no provision is recorded in the financial
statement of the year ended March 31,2025.

e. Other litigations

An erstwhile distributor had filed a First Information Report (FIR) in May 2016 at Uttarpara Police Station, Hooghly District, West
Bengal, against certain directors of the Company, their spouses, and other associates, alleging embezzlement of his investment
and misappropriation of shares. Pursuant to this, the police had filed a charge sheet. Subsequently, the Company, along with
the concerned directors and other parties, filed petitions seeking quashing of the proceedings before the Hon’ble High Court at
Calcutta during the financial year ended March 31,2018. During the current financial year ended March 31,2025, the Hon’ble
High Court at Calcutta, vide its judgment dated June 25, 2024, has quashed all the aforesaid proceedings

The management assessed that the fair value of cash and cash equivalents, trade receivables, trade payables and other current
financial assets and liabilities approximate their carrying amounts largely due to the short term maturities of these instruments.
The amortized cost using effective interest rate (EIR) of non-current financial assets consisting of security and term deposits
are not significantly different from the carrying amount.

Financial assets that are neither past due nor impaired include cash and cash equivalents, security deposits, term deposits, and
other financial assets.

The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a
current transaction between willing parties, other than in a forced or liquidation sale.

IE1 FAIR VALUE HIERARCHY

The following table provides the fair value measurement hierarchy of the Company’s assets and liabilities:

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

Level 2 - Inputs other than quoted prices included with in Level 1 that the observable for the asset or liability, either directly (i.e.
as prices) or indirectly (i.e. derived from prices).

Level 3 - Inputs for the assets or liabilities that are not based on observable market data unobservable inputs.

The following table presents the fair value measurement hierarchy of financial assets and liabilities measured at fair value on a
recurring basis as at March 31,2024 and March 31,2023.

The following methods and assumptions were used to estimate the fair values:

(i) The fair value of the quoted mutual fund are based on the price quotations at reporting date. The fair value of unquo
instruments, related parties and other financial liabilities as well as other non-current financial liabilities is estimatec
discounting future cash flows using rates currently available for debt on similar terms, credit risk and remaining maturit

(ii) The fair values of the unquoted equity and preference shares have been estimated using a discounted cash flow (D
model. The valuation requires management to make certain assumptions about the model inputs, including forecast c
flows, discount rate, credit risk and volatility. The probabilities of the various estimates within the range can be reasons
assessed and are used in management's estimate of fair value for these unquoted equity and preference investments.

(a) Considering the financial position, liquidity condition, market conditions and geopolitical scenario in Israel, management
based on its assessment the Company has recorded a fair value loss in other comprehensive income (FVOCI) amounting to
' 13.45 in the year ended March 31,2024. Accordingly, the carrying value of investment made in L7 Defense Limited has been
considered as Nil during the year ended March 31,2025.

EH FINANCIAL INSTRUMENTS RISK MANAGEMENT OBJECTIVES AND POLICIES

The Company’s principal financial liabilities comprise trade and other payables. The main purpose of these financial liabilities
is to finance the Company’s operations and to support its operations. The Company’s principal financial assets include
investments, trade and other receivables, and cash and cash equivalents that derive directly from its operations. The Company
does not have borrowings and derivative transactions.

The Company is exposed to market risk, credit risk and liquidity risk. The Board of Directors review and agree policies for
managing each of these risks, which are summarised below:

(a) Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market
prices. Market risk comprises three types of risk: interest rate risk, currency risk and other price risk, such as equity price risk and
commodity risk. Financial instruments affected by market risk include deposits, investments, receivables, payables, advances
and other financial instruments. From the perspective of the Company, the impact of the foreign currency risk, material price
risk, interest rate risk and other price risk is not significant.

The Company has certain financial assets and financial liabilities in foreign currencies which expose the Company to foreign
currency risks. The foreign currency exposure of the Company has been disclosed in Note 39 to the standlaone financial
statements.

Foreign currency sensitivity

The Company does not take any steps to hedge the foreign currency exposure as mentioned above as the Management believes
that there is natural hedge to some extent and balance exposure not really having significant impact on the financial health of
the Company.

F5B FINANCIAL INSTRUMENTS RISK MANAGEMENT OBJECTIVES AND POLICIES (Contd.)

(b) 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. The Company is exposed to credit risk from its operating activities (primarily trade receivables) and from its
financing activities, including deposits with banks, foreign exchange transactions and other financial instruments.

Trade receivables

Customer credit risk is managed by the Company’s established policy, procedures and control relating to customer credit risk
management. Credit quality of a customer is assessed based on an extensive credit rating scorecard and individual credit limits
are defined in accordance with this assessment. Outstanding customer receivables are regularly monitored. On account of
adoption of Ind AS 109, the Company uses expected credit loss model to assess the impairment loss or gain. The Company
follows simplified approach for recognition of impairment loss allowance on Trade receivables.

Financial instruments and cash deposits

Credit risk from balances with banks and financial institutions is managed by the Company’s treasury department in accordance
with the Company’s policy. Investments of surplus funds are made with banks in terms of fixed deposits and investment in
designated mutual funds. Investment decision in mutual fund is taken with the assistance from appointed agent. Credit risk on
cash deposits is limited as the Company generally invest in deposits with banks and financial institutions with high credit ratings
assigned by international and domestic credit rating agencies. Other investments primarily include investment in liquid mutual
fund units of reputed companies where historically, the Company has not incurred any loss due to credit risk.

(c) Liquidity risk

The Company had no outstanding bank borrowings as of March 31,2025 and March 31,2024. The working capital as at March
31,2025 was ' 291.96 (March 31,2024: ' 289.60) including cash and cash equivalents.

As at March 31,2025 and March 31, 2024, the outstanding employee obligations were ' 18.85 and ' 15.57 respectively which
have been substantially funded. Accordingly, no significant liquidity risk is perceived.

The table below summarises the maturity profile of the Company’s financial liabilities based on contractual undiscounted
payments.

1E1 AUDIT TRAIL

The Company has used an accounting software, for maintaining its books of account which has a feature of recording audit
trail (edit log) facility, except during the year ended in March 31,2025 and March 31,2024 audit trail feature was not enabled at
the data base level, in respect of Accounting Software to log any changes at Database level. Further, the audit trail facility has
been operated with effect from April 19, 2024 for all relevant transactions recorded in the accounting software, except at the
database level.

Further, no instance of audit trail feature being tampered with was noted in respect of the accounting software where enabled.
Additionally, the audit trail of the preceding year has been preserved by the Company as per the statutory requirements for
record retention to the extent it was enabled and recorded in the accounting software.

WH TITLE DEEDS OF IMMOVABLE PROPERTIES NOT HELD IN NAME OF THE COMPANY

The title deeds of all the immovable properties are held in the name of the Company.

PH LOANS OR ADVANCES IN THE NATURE OF LOANS ARE GRANTED TO PROMOTERS, DIRECTORS, KMPS AND THE
RELATED PARTIES (AS DEFINED UNDER COMPANIES ACT, 2013), EITHER SEVERALLY OR JOINTLY WITH ANY OTHER
PERSON, THAT ARE:

The Company has not granted any loans or advances in the nature of loans to promoters, directors and KMPs, either severally
or jointly with any other person.

EEI details of benami property held

The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company
for holding any Benami property.

1501 WILFUL DEFAULTER

The Company has not been declared wilful defaulter by any bank or financial institution or government or any government
authority.

KTi RELATIONSHIP WITH STRUCK OFF COMPANIES UNDER SECTION 248 OF THE COMPANIES ACT, 2013 OR SECTION
560 OF COMPANIES ACT, 1956,

The Company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or
section 560 of Companies Act, 1956,

|5E| REGISTRATION OF CHARGES OR SATISFACTION WITH REGISTRAR OF COMPANIES

The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period.
EEI COMPLIANCE WITH NUMBER OF LAYERS OF COMPANIES

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

1541 COMPLIANCE WITH APPROVED SCHEME(S) OF ARRANGEMENTS

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

EEH UTILISATION OF BORROWED FUNDS AND SHARE PREMIUM:

No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or
kind of funds) by the Company to or in any other person(s) or entity(ies), including foreign entities ("Intermediaries") with the
understanding, whether recorded in writing or otherwise, that the Intermediary shall lend or invest in party identified by or on
behalf of the Company (Ultimate Beneficiaries).

The Company has not received any fund from any party(s) (Funding Party) with the understanding that the Company shall
whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company ("Ultimate
Beneficiaries") or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

ESI UNDISCLOSED INCOME

The Company does not have any undisclosed income which is not recorded in the books of account that has been surrendered
or disclosed as income during the year (and previous year) in the tax assessments under the Income Tax Act, 1961 (such as,
search or survey or any other relevant provisions of the Income Tax Act, 1961.

IS DETAILS OF CRYPTO CURRENCY OR VIRTUAL CURRENCY

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

ESI THE CODE ON SOCIAL SECURITY 2020

The Code on Social Security 2020 ('the Code’) relating to employee benefits, during the employment and post-employment, has
received Presidential assent on September 28, 2020. The Code has been published in the Gazette of India. Further, the Ministry
of Labor and Employment has released draft rules for the Code on November 13, 2020. However, the effective date from which
the changes are applicable is yet to be notified and rules for quantifying the financial impact are also not yet issued.

The Company will assess the impact of the Code and will give appropriate impact in the Standalone financial statements in the
period in which, the Code becomes effective and the related rules to determine the financial impact are published. Based on a
preliminary assessment, the entity believes the impact of the change will not be significant.

Previous year figures have been regrouped/ reclassified to confirm presentation as per Ind AS and as required by Schedule III
of the Act.

The accompanying notes form an integral part of the standalone financial statements.

As per our report of even date For and on behalf of the Board of Directors of

For M S K A & Associates Quick Heal Technologies Limited

Chartered Accountants CIN: L72200MH1995PLC091408

ICAI Firm Registration Number: 105047W

Sd/- Sd/- Sd/- Sd/- Sd/- Sd/-

Shraddha D Khivasara Kailash Katkar Sanjay Katkar Vishal Salvi Ankit Maheshwari Sarang Hari Deshpande

Partner Chairman & Managing Director Joint Managing Director Chief Executive Officer Chief Financial Officer Company Secretary

Membership Number: 134285 DIN: 00397191 DIN: 00397277 Regs. No. ACS-18613

Place: Pune Place: Pune Place: Pune Place: Pune Place: Pune Place: Pune

Date: May 06, 2025 Date: May 06, 2025 Date: May 06, 2025 Date: May 06, 2025 Date: May 06, 2025 Date: May 06, 2025