(i) Provisions, Contingent liabilities and assets

A provision is recognized 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. Provisions are determined by discounting
the expected future cash flows (representing the best
estimate of the expenditure required to settle the present
obligation at the balance sheet date) at a pre-tax rate
that reflects current market assessments of the time
value of money and the risks specific to the liability. The
unwinding of the discount is recognized as finance cost.
Expected future operating losses are not provided for.

(i) Onerous contracts

A contract is considered to be onerous when the
expected economic benefits to be derived by the
Company from the contract are lower than the
unavoidable cost of meeting its obligations under
the contract. The provision for an onerous contract
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 such a provision is made, the Company
recognizes any impairment loss on the assets
associated with that contract.

(ii) Contingencies

Provision in respect of loss contingencies relating to
claims, litigations, assessments, fines and penalties
are recognized when it is probable that a liability
has been incurred and the amount can be estimated
reliably.

(j) Leases

As a lessee

The Company's lease assets either consists of office
premises, guest houses, machineries and equipments
which are of short term leases with the term of twelve
months or less or low value leases. For these short term
and low value leases, the Company has recognized the

lease payments as an expense in the Statement of Profit
and Loss on a straight line basis over the term of lease

(k) Income-taxes

Income tax expense comprises current tax expense and
the net change in the deferred tax asset or liability during
the year. Current and deferred taxes are recognised in the
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.

(i) Current tax

Current tax comprises the expected tax payable or
receivable on the taxable income or loss for the year,
using tax rates enacted or substantively enacted
at the reporting date. Excess / short provision of
tax relating to earlier years is separately disclosed.
The amount of current tax reflects the best estimate
of the tax amount expected to be paid or received
after considering the uncertainty, if any, related to
income taxes.

Current tax assets and current tax liabilities are
offset only if there is a legally enforceable right to
set off the recognised amounts, and it is intended
to realise the asset and settle the liability on a net
basis or simultaneously.

(ii) Deferred tax

Deferred tax is recognised in respect of temporary
differences between the carrying amounts of assets
and liabilities for financial reporting purposes
and the corresponding amounts used for taxation
purposes. Deferred tax is also recognised in respect
of carried forward tax losses and tax credits.
Deferred tax is not recognised for:

• temporary differences related to investments in
subsidiaries, associates and joint arrangements to
the extent that the Company is able to control the
timing of the reversal of the temporary differences
and it is probable that they will not reverse in the
foreseeable future;

Deferred tax is measured at the tax rates that are
expected to apply to the period when the asset is
realised or the liability is settled, based on the laws
that have been enacted or substantively enacted
by the reporting date.

The measurement of deferred tax reflects the tax
consequences that would follow from the manner
in which the Company expects, at the reporting
date, to recover or settle the carrying amount of
its assets and liabilities.

(l) Segment reporting

(i) Business Segment

Operating segments are identified in a manner
consistent with the internal reporting provided to
the Chief Operating Decision Maker (CODM). The
services rendered by the Company primarily consists
of execution of civil contracts on turnkey basis. The
Company is managed organizationally as a unified
entity and not along product lines and accordingly,
there is only one business segment.

(ii) Geographical Segment

During the year under report, the Company has
engaged in its business primarily within India.
The conditions prevailing in India being uniform,
no separate geographical disclosure is considered
necessary.

(m) Earnings per share

The basic Earnings Per Share ("EPS") for the year is
computed by dividing the net profit / (loss) after tax
for the year attributable to equity shareholders of the
Company by the weighted average number of equity
shares outstanding during the year.

Diluted EPS is computed by dividing the net profit / (loss)
for the year attributable to the equity shareholders of
the Company and weighted average number of equity
shares considered for deriving basic earnings per equity
share and also the weighted average number of equity
shares that could have been issued upon conversion of
all dilutive potential equity shares.

(n) Borrowing costs

Borrowing costs are interest and other costs (including
exchange differences relating to foreign currency
borrowings to the extent that they are regarded as an
adjustment to interest costs) incurred in connection
with the borrowing of funds. Borrowing costs directly
attributable to acquisition or construction of an asset
which necessarily take a substantial period of time to get
ready for their intended use are capitalized as part of the
cost of that asset. Other borrowing costs are recognised
as an expense in the period in which they are incurred.

(o) Foreign Currency Translation

On initial recognition, all foreign currency transactions
are translated into the functional currency using the
exchange rates prevailing on the date of the transaction.
As at the reporting date, foreign currency monetary
assets and liabilities are translated at the exchange rate
prevailing on the Balance Sheet date and the exchange
gains or losses are recognised in the Statement of Profit
and Loss.

(p) Trade Receivables

A trade receivable without a significant financing
component is initially measured at the transaction price
(net of variable consideration) as the same are recorded
after decreasing rebates as per para 51 of Ind AS 115.

(q) Cash and cash equivalents

Cash and cash equivalents for the purpose of cash flow
statement comprise of cash and cheques in hand, bank
balances, demand deposits with banks where original
maturity period is three months or less and other short
term highly liquid investments.

(r) Non-current assets held for sale

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

When the Company is committed to a sale plan involving
disposal of an investment, the investment that will be
disposed of is classified as held for sale when the criteria
described above are met.

Non-current assets (and disposal group) classified as
held for sale are measured at the lower of their carrying
amount and fair value less costs to sell.

(s) Events after reporting date/subsequent events

Where events occurring after the balance sheet date
provide evidence of conditions that existed at the end
of the reporting period, the impact of such events are
adjusted within the financial statements. Otherwise,
events after the balance sheet date of material size or
nature are only disclosed.

There were no significant events that occurred after the
balance sheet date for the current reporting period.

3. Recent Accounting 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. During 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 lease back transactions,
applicable from April 1, 2024. The Company has assessed that
there is no significant impact on its financial statements.

On May 9, 2025, MCA notifies the amendments to Ind AS
21 - Effects of Changes in Foreign Exchange Rates. These
amendments aim to provide clearer guidance on assessing
currency exchangeability and estimating exchange rates when
currencies are not readily exchangeable. The amendments are
effective for annual periods beginning on or after April 1,
2025. The Company is currently assessing the probable impact
of these amendments on its financial statements.

c) Secured Borrowings from related parties are secured by pledge of 37,29,000 equity shares of Visakha Pharmacity Limited and
3,13,89,197 equity shares of Srinagar Banihal Expressway Limited and the Company is in the process of creation of pledge
in respect of 96,60,009 equity shares of MDDA-Ramky ISBus Terminal Limited and 58,89,794 equity shares of Sehore Kosmi
Tollways Limited as approved in the shareholders meeting held through postal ballot on 10th January 2020.

Further, the secured borrowings are secured by creation of subservient charge to the first and second charge created in favour
of other lenders over the current assets, non-current assets and non-encumbered fixed assets of the Company as provided in the
Deed of Hypothecation dated 10th January 2020.

B. Terms of interest and repayment

The Board of Directors of the Company at its meeting held on February 13, 2015 had accorded its approval for restructure of the
debts of the Company under Joint lender Forum (JLF). The proposal is only for the Company and not for any of its subsidiaries and
associates. JLF in its meeting held on June 12, 2015 has approved the scheme submitted by the Company.

The Company has repaid all the term loan facilities availed from Banks except Cash Credit facilities of ' 1,324.17 million (PY
'1,415.29 million)

a) Secured borrowings from related parties

Secured borrowings from related parties, loan aggregating to ' 2,422.65 million (rate of interest Nil per annum) is payable
within 60 months or at the earliest convenience to the borrower after moratorium period of two years from the date of first
disbursement.

b) Unsecured borrowings from related parties & others

Unsecured borrowings from related parties aggregating to ' 400 million (rate of interest 8% per annum) shall not be repayable
within 12 months from balance sheet date.

In respect of unsecured borrowings from related parties & others, loan aggregating to ' 6.34 Million (rate of interest 7%) and
' 42.09 million (rate of interest 0% per annum) are repayable within the next 12 months from balance sheet date.

c) Cash Credit

' 1,324.17 million stands outstanding as on March 31, 2025. Rate of interest shall be 6 months MCLR spread ranging from
4.70% to 9.00% per annum (effective rate as at March 31, 2025 : ranging from 11.85% to 13.70% per annum)

B. Financial risk management

The Company has exposure to the following risks arising from financial instruments:

a) credit risk

b) liquidity risk

c) market risk

Risk management framework

The Company's board of directors has overall responsibility for the establishment and oversight of the Company's risk management
framework. The Company's risk management policies are established to identify and analyse the risks faced by the Company, to set
appropriate risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are reviewed
regularly to reflect changes in market conditions and the Company's activities. The Company, through its training and management
standards and procedures, aims to maintain a disciplined and constructive control environment in which all employees understand their
roles and obligations.

The Company's audit committee oversees how management monitors compliance with the Company's risk management policies and
procedures, and reviews the adequacy of the risk management framework in relation to the risks faced by the Company. The audit
committee is assisted in its oversight role by internal audit. Internal audit undertakes both regular and ad hoc reviews of risk management
controls and procedures, the results of which are reported to the audit committee.

a) Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual
obligations, and arises principally from the Company's receivables from customers and loans.

The carrying amounts of financial assets represent the maximum credit risk exposure.

Trade receivables, Contract assets and Loans

The Company's exposure to credit risk is influenced mainly by the individual characteristics of each customer. However, management also
considers the factors that may influence the credit risk of its customer base, including the default risk associated with the industry and
country in which customers operate.

The Company limits its exposure to credit risk from trade receivables and contract assets by establishing reasonable credit period for
payment.

In monitoring customer credit risk, customers are grouped according to their credit characteristics, including whether they are individuals
or legal entities, their geographic location, trading history with the Company and existence of previous financial difficulties.

Company has entered into Master Restructuring Agreement with Consortium of Lenders lead by State Bank of India on 12.06.2015. As
on date the debt against these charges was paid-off and the Company has requested the respective lenders for no objection certificate
(NOC) for submission of charge satisfaction. However, the Lead Bank, i.e., State Bank of India advised the Company to obtain NOC
for satisfaction of charges once the process of exit from MRA & TRA Mechanism is completed.

51. The Company has used accounting software for maintaining its books of account which has a feature of recording audit trail (edit
log) facility and the same has operated throughout the year for all relevant transactions recorded in the software. Wherever audit
trail is enabled, no instance of audit trail feature being tampered with was noted in respect of above said software. Additionally, the
audit trail of prior 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 respective year.

52. Previous years figures are regrouped wherever necessary to conform with current year figures.

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

As per our Report of even date attached

for SURYANARAYANA REDDY & CO.

Chartered Accountants for and on behalf of the Board of Directors of

Firm Registration No.: 005752S RAMKY INFRASTRUCTURE LIMITED

Sd/- Sd/- Sd/-

S SUDARSHAN Y R NAGARAJA I W VIJAYA KUMAR

Partner Managing Director Director

Membership No.: 211148 DIN: 00009810 DIN : 02326839

Sd/- Sd/-

Place : Hyderabad D LAKSHMANA RAO N KESAVA DATTA

Date : 24-May-2025 Chief Financial Officer Company Secretary

ICSI M No: A61331