2.10 Provisions, Contingent Liabilities and Contingent Assets

Provision is recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that an
outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the
amount of obligation. Provision is not recognised for future operating losses.

Provision is measured at the present value of management's best estimate of the expenditure required to settle the present obligation at
the end of the reporting period. If the effect of the time value of money is material, the amount of provision is discounted using an
appropriate pre-tax rate that reflects current market assessments of the time value of money and, when appropriate, the risks specific to
the liability. When discounting is used, the increase in the provision due to the passage of time is recognised as a finance cost.

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

Contingent Assets are not recognised but where an inflow of economic benefits is probable, contingent assets are disclosed in the Financial
Statements.

2.11 Revenue Recognition

Revenue is recognised to the extent that it is probable that the economic benefits of a transaction will flow to the Company and the revenue
can be reliably measured. 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.

Rental Income

Rental Income is accounted as and when accrues on straight line method and reported net of goods and service tax.

Interest Income

Interest income from a financial asset is recognised on a timely basis, by reference to the principal outstanding and at the effective interest
rate applicable. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the
financial asset to the gross carrying amount of that financial asset.

Dividends

Dividend income from investments is recognised when the Company's right to receive dividend is established, which is generally when
shareholders approve the dividend.

Advisory

Revenue from advisory, brokerage and consultancy services is recognised on rendering of services / work performed and reported net of
goods and service tax.

Other Non-operating Income

All other income is recognised on an accrual basis, when there is no uncertainty in the ultimate collection / realisation.

2.12 Employee Benefits

(i) Short term employee benefits

Employee benefits such as salaries, wages, short term compensated absences, expected cost of bonus and ex-gratia falling due wholly
within twelve months of rendering the service are classified as short-term employee benefits and are recognised as an expense at the
undiscounted amount in the Statement of Profit and Loss of the year in which the related service is rendered.

(ii) Long-term employee benefits:

Defined Contribution Plan:

Provident Fund:

The eligible employees of the Company are entitled to receive post-employment benefits in respect of provident fund, in which both
employees and the Company make monthly contributions at a specified percentage of the employee's eligible salary (currently 12%). The
contributions fund if any, are made to the Central Provident Fund under the National or State Pension Scheme. Provident Fund is classified as
Defined Contributions Plans as the Company has no further obligation beyond making the contribution. The Company's contribution if any, is
charged to the Statement of Profit and Loss as incurred.

Defined Benefit Plan:

a. Gratuity:

The Company has an obligation towards gratuity, a defined benefits retirement plan covering eligible employees. The plan provides a lump
sum payment to vested employees at retirement or death while in employment or on termination of employment of an amount equivalent to
15 days salary payable for each completed year of service. Vesting occurs upon completion of five years of service. The cost of providing
benefits is determined using the Projected Unit Credit method, with actuarial valuations being carried out at each Balance Sheet date. The
Company pays these benefits as and when due based on its own liquidity.

Remeasurement, comprising actuarial gains and losses is reflected immediately in the Balance Sheet with a charge or credit recognised in
other comprehensive income in the period in which they occur. Remeasurement recognised in other comprehensive income is reflected
immediately in retained earnings and is not reclassified to Profit or Loss. Past service cost is recognised immediately for both vested and the
non-vested portion. The retirement benefit obligation recognised in the Balance Sheet represents the present value of the defined benefit
obligation.

b. Compensated absences:

The Company provides for encashment of leave or leave with pay subject to certain rules. The liability is recognized based on number of days
of unutilized leave at each Balance Sheet date on the basis of an independent actuarial valuation. Actuarial gains and losses arising from
experience adjustments and changes in actuarial assumptions are charged or credited to the Statement of Profit and Loss in the year in
which they arise.

2.13 Taxes

Income Tax expense represents the sum of the tax currently payable and deferred tax.

Current Tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from 'profit before tax' as reported in the Statement of
Profit and Loss because of items of income or expense that are taxable or deductible in other years and items that are never taxable or
deductible. The Company's current tax is calculated as per the applicable provisions and tax rates that have been enacted or substantively
enacted by the end of the reporting period and the provisions of the Income Tax Act, 1961 and other tax laws, as applicable.

Deferred Tax

Deferred tax is recognised on temporary differences between the carrying amount of assets and liabilities in the Financial Statements and
the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable
temporary differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is
probable that taxable profits will be available against which those deductible temporary differences can be utilised. Deferred income tax
assets and liabilities are offset when there is a legally enforceable right to offset current income tax assets against current income tax
liabilities and when deferred income tax assets and liabilities relate to the income tax levied by the same taxation authority on either the
same taxable entity or different taxable entities where there is an intention to settle the balances on a net or simultaneous basis.

The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer
probable that sufficient future taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the
asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current and deferred tax are recognised in Statement of Profit and Loss, except when they relate to items that are recognised in other
comprehensive income or directly in equity, in which case, the current and deferred tax are also recognised in other comprehensive income
or directly in equity, respectively.

2.14 Cash and cash equivalents

Cash and cash equivalents in the Balance Sheet comprise balance with banks, cash on hand, cheques/ draft on hand and short-term
deposits net of bank overdraft with an original maturity of three months or less, which are subject to an insignificant risk of changes in value.
or directly in equity, respectively.

For the purposes of the cash flow statement, cash and cash equivalents include balance with banks, cash on hand, cheques/ draft on hand
and short-term deposits net of bank overdraft.

2.15 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 and Financial liabilities are recognised when the Company becomes a party to the contractual provisions of the
instruments.

Initial Recognition:

Financial assets and Financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition
or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at Fair Value through Profit or Loss) are
added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition. Transaction costs
directly attributable to the acquisition of financial assets or financial liabilities at fair value through profit or loss are recognised in the
Statement of Profit and Loss.

Classification and Subsequent Measurement: Financial Assets

The Company classifies financial assets as subsequently measured at amortised cost, Fair Value Through Other Comprehensive Income
("FVTOCI”) or Fair Value Through Profit or Loss ("FVTPL”) on the basis of following:

Ý the entity's business model for managing the financial assets; and

Ý the contractual cash flow characteristics of the financial assets.-
Amortised Cost:

A financial asset shall be classified and measured at amortised cost, if both of the following conditions are met:

Ý the financial asset is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows, and

Ý the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on
the principal amount outstanding.

Fair Value through Other Comprehensive Income (FVTOCI):

A financial asset shall be classified and measured at FVTPL unless it is measured at amortised cost or at FVTOCI.

All recognised financial assets are subsequently measured in their entirety at either amortised cost or fair value, depending on the
classification of the financial assets.

Classification and Subsequent Measurement: Financial liabilities:

Financial liabilities are classified as either financial liabilities at FVTPL or 'other financial liabilities'.

Financial Liabilities at FVTPL:

Financial liabilities are classified as at FVTPL when the financial liability is held for trading or are designated upon initial recognition as FVTPL.
Gains or Losses on liabilities held for trading are recognised in the Statement of Profit and Loss.

Other Financial Liabilities:

Other financial liabilities (including borrowings and trade and other payables) are subsequently measured at amortised cost using the
effective interest method.

The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating interest expense over the
relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments (including all fees and points
paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) through the
expected life of the financial liability, or (where appropriate) a shorter period, to the net carrying amount on initial recognition.

Impairment of financial assets:

The Company recognises loss allowance using expected credit loss model for financial assets which are not measured at Fair Value through
Profit or Loss. Expected credit losses are weighted average of credit losses with the respective risks of default occurring as the weights.
Credit loss 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 Company expects to receive, discounted at original effective rate of interest.

Derecognition of financial assets:

The Company derecognises a financial asset when the contractual rights to the cash flows from the asset expire, or when it transfers the
financial asset and substantially all the risks and rewards of ownership of the asset to another party. If the Company neither transfers nor
retains substantially all the risks and rewards of ownership and continues to control the transferred asset, the Company recognises its
retained interest in the asset and an associated liability for amounts it may have to pay. If the Company retains substantially all the risks and
rewards of ownership of a transferred financial asset, the Company continues to recognise the financial asset and also recognises a
collateralised borrowing for the proceeds received.

On derecognition of a financial asset in its entirety, the difference between the asset's carrying amount and the sum of the consideration
received and receivable and the cumulative gain or loss that had been recognised in other comprehensive income and accumulated in
equity is recognised in Statement of Profit or Loss if such gain or loss would have otherwise been recognised in Statement of Profit or Loss
on disposal of that financial asset.

On derecognition of a financial asset other than in its entirety (e.g. when the Company retains an option to repurchase part of a transferred
asset), the Company allocates the previous carrying amount of the financial asset between the part it continues to recognise under
continuing involvement, and the part it no longer recognises on the basis of the relative fair values of those parts on the date of the transfer.
The difference between the carrying amount allocated to the part that is no longer recognised and the sum of the consideration received for
the part no longer recognised and any cumulative gain or loss allocated to it that had been recognised in other comprehensive income is
recognised in statement of profit or loss if such gain or loss would have otherwise been recognised in Statement of Profit or Loss on disposal
of that financial asset. A cumulative gain or loss that had been recognised in other comprehensive income is allocated between the part that
continues to be recognised and the part that is no longer recognised on the basis of the relative fair values of those parts.

Derecognition of financial liabilities:

The Company derecognizes a financial liability when its contractual obligations are discharged or cancelled or expired. The Company also
derecognizes a financial liability when its terms are modified and the cash flows under the modified terms are substantially different.

Financial guarantee contracts

A financial guarantee contract is a contract that requires the issuer to make specified payments to reimburse the holder for a loss it incurs
because a specified debtor fails to make payments when due in accordance with the terms of a debt instrument.

Financial guarantee contracts issued by the Company are initially measured at their fair values and are subsequently measured at the
higher of:

• the amount of loss allowance determined in accordance with impairment requirements of Ind AS 109; and

• the amount initially recognized less, when appropriate, the cumulative amount of income recognized in accordance with the principles of
Ind AS 18

When guarantee in relation to loans or other payables of subsidiaries are provided for no compensation, the fair values are accounted for as
contributions and recognized as cost of investment.

Offsetting:

Financial assets and financial liabilities are offset and the net amount is reported in the Balance Sheet where there is a legally enforceable
right to offset the recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability
simultaneously.

2.16 Leases

The Company has adopted Ind AS 116-Leases effective 1st April, 2019, using the modified retrospective method.

At inception of a contract, the Company assesses whether a 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.

As a Lessor

When the Company acts as a lessor, it determines at lease inception whether each lease is a Finance Lease or an Operating Lease.

To classify each lease, the Company makes an overall assessment of whether the lease transfers substantially all of the risks and rewards
incidental to ownership of the underlying asset. If this is the case, then the lease is a finance lease; if not, then it is an operating lease. As part
of this assessment, the Company considers certain indicators such as whether the lease is for the major part of the economic life of the
asset.

If an arrangement contains lease and non-lease components, the Company applies Ind AS 115 to allocate the consideration in the contract.
The Company recognises lease payments received under operating leases as income on a straight-line basis over the lease term as part of
'Other Operating Revenue under Revenue from Operations in the Statement of Profit and Loss.

The accounting policies applicable to the Company as a lessor in the comparative period were not different from Ind AS 116.

As a Lessee

The Company assesses whether a contract is or contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract
conveys the right to control the use of an identified assest for a period of time in exchange for consideration. To assess whether
a contract conveys the right to control the use of an identified asset. the Company assesses whether :

i. The Contract involves the use of an identified asset;

ii. The Company has subsantially all of the economic benefits from use of the asset through the period of the lease and

iii. The Company has the right to direct the use of the asset.

Operating Leases

Leases are classified as operating leases whenever the terms of the lease do not transfer substantially all the risks and rewards incidental to
ownership.

Lease rentals on assets under operating lease are recognized or charged to the Statement of Profit and Loss on a straight line basis over the
term of the relevant lease.

Assets leased out under operating leases are continued to be shown under the respective class of assets. Rental income is recognised on a
straight line basis over the term of the relevant lease.

Where the rental are structured solely to increase in line with expected general inflation to compensate for the lessor's expected
inflationary cost increases, such increases are recognised in the year in which such benefits accrue.

2.17 Right-of-Use Asset ("ROU")

At the date of commencement of the lease, the Company recognise a Right-Of-Use-Asset ("ROU") and a corresponding lease liability for all
lease arrangements in which it is a lessee, except for short-term lease and lease of low-value assets.

The Right-Of-Use Assets are initially recognised at cost, which comprise the initial amount of the lease liability adjusted for any lease
payments made at or prior to the commencement date of the lease plus any initial direct cost less any lease incentives. They are
subsequently measured at cost less accumulated depreciation and impairment losses, if any. Right-of-use assets are depreciated from the
commencement date on a straight line basis over the shorter the lease term and useful life of the underlying asset and the average lease
terms.

The Right-Of-Use Assets is also subject to impairement. Right Of Use Assets are evaluated for recoverability whenever events or changes in
circumstances indicate that their carrying amounts may not be recoverable.

2.18 Earnings Per Share

The Basic Earnings per share are computed by dividing the net profit attributable to the equity shareholders for the year by the weighted
average number of equity shares outstanding during the reporting period.

Diluted Earnings per share is computed by dividing the net profit attributable to the equity shareholders for the year by the weighted average
number of equity and dilutive equity equivalent shares, if any, outstanding during the year, except where the results would be anti-dilutive.

2.19 Critical Accounting judgments and Key Sources of Estimation Uncertainty

The preparation of the Financial Statements requires the management to make judgments, estimates and assumptions in the application of
accounting policies and that have the most significant effect on reported amounts of assets, liabilities, incomes and expenses, and
accompanying disclosures, and the disclosure of contingent liabilities. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and
underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the
estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both
current and future periods.

Key estimates, assumptions and judgments

The key assumptions concerning the future and other major 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:

Income taxes

Significant judgments are involved in determining the provision for income taxes, including amount expected to be paid/recovered for
uncertain tax positions as also to determine the amount of deferred tax that can be recognised, based upon the likely timing and the level of
future taxable profits. Refer Note. 31
Depreciation and amortisation

Property, Plant and Equipment/ Other Intangible Assets are depreciated/amortised over their estimated useful lives, after taking into
account estimated residual value. The useful lives and residual values are based on the Company's historical experience with similar assets
and taking into account anticipated technological changes or commercial obsolescence. Management reviews the estimated useful lives
and residual values of the assets annually in order to determine the amount of depreciation/amortisation to be recorded during any
reporting period. The depreciation/amortisation for future periods is revised, if there are significant changes from previous estimates and
accordingly, the unamortised/depreciable amount is charged over the remaining useful life of the assets. Refer Note: 3A, 3C and 3D
Employee Benefit Plans

The cost of the defined benefit gratuity plan and other-post employment benefits and the present value of gratuity obligations and
compensated absences are determined based on 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, attrition and
mortality rates. Due to the complexities involved in the valuation and its long-term nature, these liabilities are highly sensitive to changes in
these assumptions. All assumptions are reviewed at each reporting date.Refer Note. 40.

Impairment of Financial Assets

The impairment provisions for financial assets are based on assumptions about risk of default and expected cash loss rates. The Company
uses judgment in making these assumptions and selecting the inputs to the impairment calculation, based on the Company's past history,
existing market conditions as well as forward looking estimates at the end of each reporting period.

Recoverability of Trade Receivables

Judgments are required in assessing the recoverability of overdue trade receivables and determining whether a provision against those
receivables is required. Factors considered include the credit rating of the counterparty, the amount and timing of anticipated future
payments and any possible actions that can be taken to mitigate the risk of non-payment. Refer Note 5 and Note 8.

Fair Value measurements of Financial Instruments

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 (Net Assets Value in case of units of Mutual Funds], their fair value is measured using valuation techniques including the
Discounted Cash Flow (DCF] model. The inputs to these models are taken from observable markets where possible, but where this is not
feasible, a degree of judgment is required in establishing fair values. Judgments 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.

Impairment of Assets

The Company has used certain judgments and estimates to work out future projections and discount rates to compute value in use of cash
generating unit and to access impairment. In case of certain assets independent external valuation has been carried out to compute
recoverable values of these assets.

Provisions

Provisions and liabilities are recognised in the period when it becomes probable that there will be a future outflow of funds resulting from
past operations or events and the amount of cash outflow can be reliably estimated. The timing of recognition and quantification of the
liability requires the application of judgment to existing facts and circumstances, which can be subject to change. The carrying amounts of
provisions and liabilities are reviewed regularly and revised to take account of changing facts and circumstances. Refer Note 18 & Note 25.

2.20 Business combination under common control

Business combinations involving entities or businesses under common control are accounted for using the pooling of interest method.
Under pooling of interest method, the assets and liabilities of the combining entities or businesses are reflected at their carrying amounts
after making adjustments necessary to harmonise the accounting policies. The financial information in the Financial Statements in respect
of prior periods is restated as if the business combination had occurred from the beginning of the preceding period in the Financial
Statements, irrespective of the actual date of the combination. The identity of the reserves is preserved in the same form in which they
appeared in the Financial Statements of the transferor and the difference, if any, between the amount recorded as share capital issued plus
any additional consideration in the form of cash or other assets and the amount of share capital of the transferor is transferred to capital
reserve.

2.21 Rounding off amounts

All amounts disclosed in Financial Statements and notes have been rounded off to the nearest thousands as per requirement of Schedule III
of the Act, unless otherwise stated.

2.22 Recent pronouncements

Ministry of Corporate Affairs ("MCA”] notifies new standards or amendments to the existing standards under Companies (Indian Accounting
Standards] Rules as issued from time to time. For the year ended March 31, 2025, MCA has notified Ind AS - 117 Insurance Contracts and
amendments to Ind AS 116 - Leases, relating to sale and leaseback transactions, applicable to the Company w.e.f. April 01, 2024. The Company
has reviewed the new pronouncements and based on its evaluation has determined that it does not have any significant impact in its
Financial Statements.