s. Provisions, contingent liabilities and contingent assets
Provisions

Provision are recognised when the Company had 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 reliable estimate can be made of
the amount of the obligation. Provisions are measure
based on management's estimate required to settle
the obligation at the balance sheet date. The expenses
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.

Provisions are reviewed at each balance sheet date
and adjusted to reflect the current best estimate. If
it is no longer probable that the outflow of resources
would be required to settle the obligation, the provision
is reversed in the statement of profit and loss account.

The Company recognises a provision for onerous
contract when the unavoidable costs of meeting the
obligations under a contract exceed the economic
benefits to be received in accordance with Ind AS 37. Such
expected loss on a contract is recognised immediately
in the Standalone Statement of Profit and Loss

Contingent liability

Contingent liability is a possible obligation that
arise from past events and whose existence will be
confirmed only by occurrence or non-occurrence
of one or more uncertain future events not wholly
within the control of the entity or 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. The Company
does not recognize a contingent liability but discloses
it existence and other required disclosures in notes to
the financial statements, unless the possibility of any
outflow in settlement is remote.

Contingent assets

Contingent assets is a possible asset that arise from
past events and whose existence will be confirmed
only by occurrence or non-occurrence of one or more
uncertain future events not wholly within the control
of the entity. The Company does not recognize the
contingent asset in its standalone financial statement
since this may result in the recognition of income that
may never be realized. Where an inflow of economic
benefits is probable, the Company discloses a brief
description of the nature of contingent assets at
the end of the reporting period. However, when
the realization of income is virtually certain, then
the related asset is not contingent assets and the
Company recognizes such assets.

Provision, contingent liability and contingent assets
are reviewed at each reporting date.

t. Earnings per share

Basic earnings per share is computed by dividing
the net profit for the period attributable to the equity
shareholders of the Company by the weighted
average number of equity shares outstanding during
the period. The weighted average number of equity
shares outstanding during the period and for all

periods presented is adjusted for events, such as
bonus shares, other than the conversion of potential
equity shares that have changed the number of
equity shares outstanding, without a corresponding
change in resources.

For the purpose of calculating diluted earnings per
share, the net profit for the period attributable to equity
shareholders and the weighted average number of
shares outstanding during the period is adjusted for
the effects of all dilutive potential equity shares.

u. Segments reporting

Operating segments are reported in a manner
consistent with the internal reporting provided to the
Chief Operating Decision Maker (CODM) of Company.
The CODM is responsible for allocating resources
and assessing performance of the operating
segments of Company.

Segment results that are reported to the CODM include
items directly attributable to a segment as well as
those that can be allocated on a reasonable basis.
Segment capital expenditure is the total cost incurred
during the period to acquire property and equipment
and intangible assets.

v. Cash and cash equivalents

Cash and cash equivalent in the balance sheet comprise
cash at banks and on hand and short-term deposits
with an original maturity of three months or less, that
are readily convertible to a known amount of cash and
subject to an insignificant risk of changes in value.

For the purpose of 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 an integral part of
Company's cash management.

w. Dividend

The Company recognizes a liability to pay dividend
to the equity shareholders when the distribution is
authorized and the distribution is no longer at the
discretion of the Company. A corresponding amount is
recognized directly in equity.

x. Exception item

Exceptional items are generally non-recurring items
of income and expense within profit or loss from
ordinary activities, which are of such size, nature or
incidence that their disclosure is relevant to explain the
performance of the Company for the year.

y. Events after the reporting period

If the Company receives information after the reporting
period, but prior to the date of approved for issue, about
conditions that existed at the end of the reporting
period, it will assess whether the information affects the
amounts that it recognises in its standalone financial
statements. The Company will adjust the amounts
recognized in its standalone financial statements to
reflect any adjusting events after the reporting period and
update the disclosures that relate to those conditions in
light of the new information. For non-adjusting event,
the company will not change the amounts recognized
in its standalone financial statements, but will disclose
the nature of the non-adjusting event and an estimate of
its financial effect, or a statement that such an estimate
cannot be made, if applicable.

2.3 Significant accounting judgements, estimates and
assumption

The preparation of the 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, 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.

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 standalone financial statements:

Revenue from contract with customers

Revenue from construction contracts involves significant
degree of judgements and estimation such as identification
of contractual obligations, measurement and recognition
of contract assets, determination of variable consideration,
change of scope and determination of onerous contract
which include estimation of contract costs. Accordingly, the
company has applied appropriate judgement and estimate
to determine the amount and timing of revenue. In case
of variable consideration, the company recognise such
consideration upon acceptance of the corresponding variable
consideration by the customer and claims under arbitration/
disputes are accounted as income based on final award.

The Company reassesses judgements and estimates on
periodic basis and makes appropriate revisions accordingly.

Significant influence over InvIT

The Company hold 43.56% in the Indus Infra Trust (formerly
known as Bharat Highways InvIT) (the "InvIT”). The Sponsor
of InvIT is holding 15% in the InvIT The management has
applied its judgement in terms of its evaluation relationship
between the Company and InvIT's sponsor. Accordingly,
the InvIT is not considered as common control and the
Company does not exercise control over InvIT in accordance
with Ind AS 110. Considering the nature of relationship, the
management has concluded that the Company exercises
significant influence and investment in InvIT considered
as its associate.

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 Standalone 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.

Fair value measurement of financial instruments

In estimating the fair value of financial assets and financial
liabilities, the Company uses market observable data to the
extent available. Where such Level 1 inputs are not available,
the Company establishes appropriate valuation techniques
including the Discounted Cash Flows (DCF) model and
inputs to the 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 Non-Financial Assets (including
subsidiaries and associate)

Impairment exists when the carrying value of an asset or
cash generating unit exceeds its recoverable amount, which
is the higher of its fair value less costs of disposal and its
value in use. The fair value less costs of disposal calculation
is based on available data for similar assets or observable
market prices less incremental costs for disposing of the
asset. The value in use calculation is based on a DCF model.
The cash flows are derived from Business Projections and
do not include restructuring activities that the Company is
not yet committed to or significant future investments that
will enhance the asset's performance of the CGU being
tested. The recoverable amount is sensitive to the discount

rate used for the DCF model as well as the expected future
cash-inflows and the growth rate used for extrapolation
purposes. Further, the management has not considered any
claim or awards which receivable from various authorities in
the impairment assessment of subsidiaries.

Provision for expected credit losses of trade receivables
and contract assets

The Company's ECL for trade receivables and contract assets
is estimated using a provision matrix. Determination of the
provision matrix requires judgement, including consideration
of the Company's historical credit loss experience, current
conditions, and forward-looking information regarding the
creditworthiness of counterparties as at the reporting date.

Share based payment

Estimating fair value for share-based payment transactions
requires determination of the most appropriate valuation
model, which depends on the terms and conditions of the
grant. This estimate also requires determination of the
most appropriate inputs to the valuation model including
the expected life of the share option, volatility and dividend
yield and making assumptions about them. For the
measurement of the fair value of equity-settled transactions
with employees at the grant date, the company uses a
binomial model.

Useful life of Property, Plant and Equipment

Determination of the estimated useful life of property,
plant and equipment and the assessment as to which
components of the cost may be capitalized. Useful life of
these assets is based on the life prescribed in Schedule II to
the Companies Act, 2013 or based on technical estimates,
taking into account the Company's historical experience
with similar assets, nature of the asset, estimated usage,
expected residual values and operating conditions of the
asset. Management reviews its estimate of the useful
lives of depreciable at each reporting date, based on the
expected utility of the assets. The depreciation for future
periods is revised if there are significant changes from
previous estimates.

Defined benefit plans (gratuity benefits) and accumulated
leaves

The cost of defined benefit gratuity plan and accumulated
leaves 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,

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. Those mortality tables
tend to change only at interval in response to demographic
changes. Future salary increases and gratuity increases are
based on expected future inflation rates.

Taxes

Uncertainties exist with respect to the interpretation of
complex tax regulations, changes in tax laws, and the
amount and timing of future taxable income. Given the wide
range of business relationships and the long-term nature and
complexity of existing contractual agreements, differences
arising between the actual results and the assumptions
made, or future changes to such assumptions, could
necessitate future adjustments to tax income and expense
already recorded. The Company establishes provisions,
based on reasonable estimates.

Leases - Estimating the Incremental Borrowing Rate

The Company cannot readily determine the interest rate
implicit in the lease, therefore, it uses its incremental
borrowing rate (IBR) to measure lease liabilities. The IBR
is the rate that the Company have to pay to borrow over a
similar term, and with a similar security, the funds necessary
to obtain an asset of similar value to the right-to-use asset
in a similar economic environment. The IBR therefore
reflects what the Company 'would have to pay', which
require estimation when no observable rates are available
or when they need to be adjusted to reflect the terms and
conditions of the lease. The Company estimates the IBR
using observable inputs when available and is required to
make certain entity / lease transaction specific estimates.

Estimation of Provisions and Contingencies

The Company has ongoing litigation with various regulatory
authorities. Where an outflow of funds is believed to be
probable and a reliable estimate of the outcome of the
disputes can be made based on management's assessment
of specific circumstances of each dispute and relevant
external advice, management provides for its best estimate
of the liability. Such accruals are by nature complex
estimation uncertainty.

The Company reviews contracts with customers periodically
to assess provisions to be made for onerous contract by
estimating future costs and quantities.

3.1. New and amendments standard

The Company applied for the first-time certain standards
and amendments, which are effective for annual periods
beginning on or after 1 April 2025. The Company has not
early adopted any standard, interpretation or amendment
that has been issued but is not yet effective.

(i) Amendments to Ind AS 21 - Lack of exchangeability:

The Ministry of Corporate Affairs (MCA) notified the
Companies (Indian Accounting Standards) Amendment
Rules, 2025, which amend Ind AS 21, The Effects
of Changes in Foreign Exchange Rates to specify
how an entity should assess whether a currency is
exchangeable and how it should determine a spot
exchange rate when exchangeability is lacking. The
amendments also require disclosure of information that
enables users of its financial statements to understand
how the currency not being exchangeable into the other
currency affects, or is expected to affect, the entity's
financial performance, financial position and cash flows.

The amendments are effective for annual reporting
periods beginning on or after April 01, 2025. When
applying the amendments, an entity cannot restate
comparative information.

The amendments do not have a impact on the
standalone financial statements.

(ii) Amendments to Ind AS 1 - Classification of Liabilities
as Current or Non-current and Non-current Liabilities
with Covenants:

In August 2025, the MCA notified amendments
to paragraphs 69 to 76 of Ind AS 1 to specify the
requirements for classifying liabilities as current or
non-current. The amendments clarify:

• What is meant by a right to defer settlement

• That a right to defer must exist at the end of the
reporting period

• That classification is unaffected by the likelihood
that an entity will exercise its deferral right

• That only if an embedded derivative in a
convertible liability is itself an equity instrument
would the terms of a liability not impact
its classification

In addition, a requirement has been introduced to
require disclosure when a liability arising from a loan
agreement is classified as non-current and the entity's
right to defer settlement is contingent on compliance
with future covenants within twelve months.

If there is a breach of a material covenant of a long
term loan arrangement on or before the end of the
reporting period, resulting in the liability becoming
payable on demand as at the reporting date, and the
lender agrees-after the reporting period but before
the financial statements are approved for issue-not
to demand repayment for at least 12 months as a
consequence of the breach, this shall be treated as an

adjusting event. Accordingly, the entity is not required
to classify the liability as current.

The amendments are effective for annual reporting
periods beginning on or after April 01, 2025
retrospectively in accordance with Ind AS 8.

The amendments do not require any additional
disclosure or the classification of Company's liabilities.

(iii) Amendments to Ind AS 7 and Ind AS 107 - Supplier
Finance Arrangements:

In August 2025, the MCA notified amendments to
Ind AS 7 Statement of Cash Flows and Ind AS 107
Financial Instruments: Disclosures to clarify the
characteristics of supplier finance arrangements and
require additional disclosure of such arrangements.
The disclosure requirements in the amendments
are intended to assist users of financial statements
in understanding the effects of supplier finance
arrangements on an entity's liabilities, cash flows and
exposure to liquidity risk.

The amendments do not require any
additional disclosure.

(iv) International Tax Reform-Pillar Two Model Rules -
Amendments to Ind AS 12

In August 2025, the MCA notified amendments to Ind
AS 12 Income Taxes in response to the OECD's BEPS
Pillar Two rules and include:

• A mandatory temporary exception to the
recognition and disclosure of deferred taxes
arising from the jurisdictional implementation of
the Pillar Two model rules; and

• Disclosure requirements for affected entities
to help users of the financial statements better
understand an entity's exposure to Pillar Two
income taxes arising from that legislation,
particularly before its effective date.

The mandatory temporary exception - the use of which
is required to be disclosed - applies immediately. The
remaining disclosure requirements apply for annual
reporting periods beginning on or after April 01, 2025,
but not for any interim periods ending on or before
March 31, 2026.

The amendments had no impact on the standalone
financial statements as the Company is not in scope
of the Pillar Two model rules.

3.2. Standards notified but not yet effective

There are no new standards that are notified, but not yet
effective, upto the date of issuance of the Company's
standalone financial statements.

5.1 The Company's investment property comprises an office building based on the nature, characteristics and risks. The Company
follows the cost model for measurement of investment property; however, the fair value of investment property is disclosed for
reporting purposes. As at 31 March 2026, the fair value of the investment property amounts to H 10,486.70 lakhs. The property
was not leased out as at the reporting date.

The fair value has been determined based on a valuation carried out by an independent valuer. The valuation has been performed
as at the reporting date using appropriate valuation techniques. Significant inputs used in determining the fair value include
government guidance values, location of the property, replacement cost and market research and trends. The Company has
no restrictions on the realisability of its investment property and no contractual obligations to purchase, construct, or develop
investment property, or for repairs, maintenance, and enhancements.

Amounts of H 55.96 lakhs has been recognised as depreciation expenses in the standalone statement of profit and loss in respect
of the investment property.

6.1 The Company has elected to continue with the carrying value for all of its Intangible assets as recognised in its previous GAAP
(Indian accounting principle generally accepted in India as prescribed under section 133 of the Companies Act, 2013 read with
the Companies (Accounts) Rules, 2014), as deemed cost at the transition date i.e. April 1,2015 as per option permitted under Ind
AS 101 for the first time adoption. Accordingly, the accumulated amortisation as at the transition date was adjusted in the gross
carrying amount of the Intangible assets.

6.2 Intangible Assets under Development represent the cost incurred on intangible assets that are under development as at the
balance sheet date. The cost includes expenditure incurred on software development, implementation costs, licensing fees,
technical consultancy and other directly attributable expenses pending completion and ready for intended use. Intangible assets
under development are capitalised upon completion and when the assets are ready for their intended use. No borrowing costs are
capitalised on intangible assets under development.

G R I l®

Notes to the Standalone Financial Statements

for the year ended 31 March 2026

Investments

H in Lakhs

Notes

7.1 Below is details of equity holding in subsidiary companies and pledged details:

FINANCIAL STATEMENTS

CORPORATE OVERVIEW | STATUTORY REPORTS | NOTICE

Notes to the Standalone Financial Statements

for the year ended 31 March 2026

Additional Notes :

a) Includes equity component of H 659.23 lakhs recognized on fair valuation of Non - cumulative redeemable preference
instruments of subsidiary company recognized as deemed investment.

b) The company has pledged its investment in equity shares of subsidiaries, in favour of lenders for term loan facilities availed
by the respective subsidiary companies.

c) During the previous year, the Company acquired 100% equity shares in Tumkur-II REZ Power Transmission Limited for total
consideration of H 672.13 lakhs ( H 5 lakhs as equity and H 667.13 lakhs as loan) as per the share purchase agreement entered
with REC Power Development and Consultancy Limited, dated 3^rd September 2024 pursuant to bid condition, considering that
the Company has been identified selected bidder vide letter of intent dated August 12, 2024 for the project "Transmission
scheme for integration of Tumkur-II REZ in Karnataka through tariff based competitive bidding process". This has been
accordingly accounted in these standalone financial statements.

d) During the previous year, the Company acquired 100% equity shares in Bijapur REZ Transmission Limited for total consideration
of H 1,140.59 lakhs ( H 1 lakhs as equity and H 1,139.59 lakhs as loan) as per the share purchase agreement entered with
REC Power Development and Consultancy Limited, dated 16 January 2025 pursuant to bid condition, considering that the
Company has been identified selected bidder vide letter of intent dated December 12, 2024 for the project "Transmission
scheme for integration of Bijapur REZ in Karnataka through tariff based competitive bidding process". This has been
accordingly accounted in these standalone financial statements.

e) During the year, the Company acquired 100% equity shares in Rajgarh Neemach Power Transmission Limited ("RNPT”) for
total consideration of H 1,888.04 lakhs ( H5 lakhs as equity and H 1,883.04 lakhs as loan) as per the share purchase agreement
entered with REC Power Development and Consultancy Limited ("RECPDCL'), dated 29^th September 2025 pursuant to bid
condition, considering that the Company has been identified selected bidder vide letter of intent dated August 27, 2025 for
the project "Transmission system for evacuation of power from RE projects in Neemach (1000 MW) SEZ in Madhya Pradesh -
Phase II through tariff based competitive bidding process (TBCB)". This has been accordingly accounted in these standalone
financial statements.

iv) Equity instruments through OCI

The company has elected to recognise changes in fair value of certain investment in equity securities in other comprehensive
income. These changes are accumulated within the equity instruments through other comprehensive income within equity.
The company transfers amount from this reserve to retained earnings when relevant securities are derecognised.

v) Share based payment reserve

The share based payment reserve is used to recognise the grant date fair value of options issued to employees under
Employee stock option plan.

iii) Financial Covenants:

The listed redeemable non convertible debentures are subject to the following financial covenants :

a. Borrowing to equity ratio to be maintained less than 3 times.

b. Borrowing to EBIDTA ratio to be maintained less than 5 times.

c. Debt service coverage ratio ( without mobilisation advances) to be maintained more than 1.1 times.

d. Finance cost to revenue ratio to be maintained less than 8%.

e. Investment to subsidiaries ( including loan) to net worth ratio to be maintained less than 80%.

f. Borrowing to equity ratio at consolidated level to be maintained less than 5.5 times.

All the above covenants are tested on half yearly and annually basis. The company has no indication that it will have difficulty
complying with these covenants.

The company has not defaulted on any loans payable and are fully complaint with all the material covenants.

The other loan do not carry any debt covenants.

iv) Undrawn borrowing facility

The company has availed of undrawn committed borrowing facilities (excluding non-fund based facilities) towards future projects
to be executed by the Company amounting to H 1,42,481 lakhs as at 31 March 2026 ( 31 March 2025 H 80,000 lakhs).

v) The company has not taken or repaid any secured borrowings during the year. Accordingly, the requirement relating to creation
or satisfaction of charges with the registrar of companies (ROC) is within the limit as defined in the Companies Act, 2013 is
not applicable.

(i) During the year ended March 31, 2025, the Company sold 100% equity stake in its wholly owned subsidiaries, GR Aligarh
Kanpur Highway Private Limited ("GRAKHPL') and GR Galgalia Bahadurganj Highway Private Limited ("GRGBHPL'), to Indus
Infra Trust on September 16, 2024 and March 27, 2025, respectively. The equity shares of GRAKHPL and GRGBHPL were sold
for a total consideration of H 9,860.90 lakhs and H 4,636.84 lakhs, respectively. In addition, the Company received H 24,085.61
lakhs from GRAKHPL and H 17,921.17 lakhs from GRGBHPL towards the assignment of loan receivables. As a result of the
above transactions, the Company recognised a gain of H 3,560.90 lakhs from the sale of GRAKHPL and H 3,736.84 lakhs from
the sale of GRGBHPL, which had been disclosed as exceptional items in the standalone financial statements.

(ii) During the year ended March 31,2026, the Company has sold 100% equity stake in its wholly owned subsidiaries, namely GR
Bahadurganj Araria Highway Private Limited ("GRBAHPL'), GR Ena Kim Expressway Private Limited ("GRENEPL'), GR Bilaspur
Urga Highway Private Limited ("GRBUHPL'), and GR Ujjain Badnawar Highway Private Limited ("GRUBHPL'), to Indus Infra
Trust pursuant to Share Purchase Agreements dated December 29, 2025 for GRBAHPL and March 24, 2026 for GRENEPL,
GRBUHPL and GRUBHPL. The equity shares were sold for an aggregate consideration of H 4,793.31 lakhs (including deferred
consideration of H 873.73 lakhs), H 15,378.00 lakhs (including deferred consideration of H 3,242.77 lakhs), H 10,293.01 lakhs
(including deferred consideration of H 2,201.94 lakhs), and H 1,650.94 lakhs in respect of GRBAHPL, GRENEPL, GRBUHPL and
GRUBHPL respectively. As a result of the above transactions, the Company recognised gains of H 3,893.26 lakhs, H 14,478.05
lakhs, H 6,193.01 lakhs, and H 750.94 lakhs from the sale of GRBAHPL, GRENEPL, GRBUHPL and GRUBHPL respectively
which has been disclosed as exceptional items in the standalone financial statements.

(iii) During the year ended March 31,2025, Indus Infra Trust (formerly known as Bharat Highways InvIT) ("the InvIT”) claimed of
H 4,940.60 lakhs for loss incurred by one of its wholly owned subsidiary i.e. Varanasi Sangam Expressway Private Limited
("VSEPL') as a result of change in completion cost by Authority retrospectively, which affected all past and future payments
of annuity, interest on annuity and O&M. The said loss had been covered under indemnity provided by the Company to the
InvIT under share purchase agreement dated February 20, 2024. Accordingly, the Company had compensated for this loss
and therefore recorded such expenses through profit and loss account and was disclosed under exceptional items in the
standalone financial statements.

35 Leases

Company as a lessee :

The Company has lease contracts for various land, building, plant and machineries, vehicles and other equipments which is to be
used in its operations. Land leases generally have lease terms between 1 to 99 years, while Building have lease term between 1 to
9 years. Plant and machineries, vehicles and other equipments generally have a short term leases. The Company's obligation under
its leases are secured by the lessor's title to the leased assets. Generally, the Company is restricted from assigning and subleasing
the leased assets. The Company has certain leases term of twelve months or less or cancellable or with low value. The Company
applies the 'short term lease' and 'low value lease' recognition exemption for these leases. The lease payments associated with
these leases are recognized as an expense on straight line basis.

The lease arrangements have extension/ renewal / termination options exercisable by either parties which may make up
assessment of lease term uncertain while determining the lease term, all facts and circumstances that creates an economic
incentive to exercise an extension option, or not exercise a termination option are considered by management.

37 Disclosure as required by Ind AS -19 Employee Benefits:

A. Defined Contribution Plan:

The Company operates defined contribution plan in the form of provident and other funds. The Company has no obligation, other
than the contribution payable to the provident and other funds. The Company recognizes contribution payable to the provident and
other funds as an expenses in standalone statement of profit and loss, when an employee renders the related services.

B. Defined Benefits Plans:

The Company operates a defined benefit plan (the gratuity plan) covering eligible employees, which provides a lump sum payment
to vested employees at retirement, death, incapacitation or termination of employment, of an amount based on the respective
employee's salary and tenure of employment. The scheme is funded with the HDFC Life Insurance Company Limited, SBI life
Insurance Company Limited, ICICI Prudential Life Insurance and Life Insurance Corporation of India (LIC) in form of a Group
Gratuity Policy. The gratuity plan is governed by provision of the Code of Social Security, 2020 ("code") (which has subsumed the
Payment of Gratuity Act, 1972). Under the code, an employee who has rendered continuous service of at least five years is eligible
for gratuity benefit subject to applicable rules and notifications. The level of benefits provided depends on the member's length of
service and salary at retirement age in accordance with the prescribed formulas and statutory limits.

The estimate of future salary increases considered in actuarial valuation takes into account inflation, seniority, promotion and
other relevant factors, such as supply and demand in the employment market.

vii Sensitivity analysis

The sensitivity analysis given below have been determined based on a method that extrapolates the impact on defined
obligation as result of reasonable changes of the key assumptions occurring at the end of the reporting period. The sensitivity
analysis are based on a change in a significant assumptions keeping all other assumptions constant. The sensitivity analysis
may not be representative of an actual change in the defined benefit obligation as it is unlikely that changes in assumptions
would occur in isolation from one another. The quantitative sensitivity analysis for significant assumption is as shown below:

ix. Asset Liability Matching Strategies

The Company has purchased insurance policy, which is basically a year-on-year cash accumulation plan in which the interest
rate is declared on yearly basis and is guaranteed for a period of one year. The insurance Company, as part of the policy
rules, makes payment of all gratuity outgoes happening during the year (subject to sufficiency of funds under the policy). The
policy, thus, mitigates the liquidity risk. However, being a cash accumulation plan, the duration of assets is shorter compared
to the duration of liabilities. Thus, the Company is exposed to movement in interest rate (in particular, the significant fall in
interest rates, which results in an increase in liability without corresponding increase in the asset).

x. Effect of Plan on Entity's Future Cash Flows

a) Funding arrangements and Funding Policy

The Company has purchased an insurance policy to provide for payment of gratuity to the employees. Every year, the
insurance Company carries out a funding valuation based on the latest employee data provided by the Company. Any
deficit in the assets arising as a result of such valuation is funded by the Company.

C. Other long-term employee benefits

The compensated absences expenses charged for the year ended March 31,2026 is H 84.73 lakhs (for the year ended March 31,
2025 is H 101.20 lakhs.) based on actuarial basis which is recognised in the standalone statement of profit and loss.

38 Share based payment

Employees Stock Option Scheme - 2021

The Shareholders at the Annual General Meeting held on September 27, 2021 has passed the special resolution and approved
the Employee Stock Option Scheme titled 'G R Infraprojects Limited Employees Stock Option Scheme - 2021'(ESOP 2021 Plan).
The ESOP 2021 Plan is the primary arrangement under which plan to provide incentives to employees who are in the employment
of the Company, its subsidiaries or associate company or group company, including the eligible Directors of the Company, at the
time the grant is made under the Plan. Under this Plan, the exercise price for options shall not be less than the nominal value and
shall not be more than fair market value (FMV) of an equity share of the company at the time of grant of option as determined by
the nomination and remuneration committee from time to time after complying the condition as mentioned in the Securities and
Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The maximum number of options that may be granted pursuant to this ESOP 2021 Plan shall not exceed 9,66,890 options which
shall be convertible into equal number of shares.

The Nomination and Remuneration committee in their meeting dated August 10, 2023 has granted 3,13,196 employee stock
options (ESOPs) to its eligible employees under the ESOP 2021 Plan. The Employee stock option has been granted on August 10,
2023 and 25% of the grant would vest at the end of the first year i.e. 2024,25%of the grant would vest at the end of the second year
i.e. 2025,25%of the grant would vest at the end of the third year i.e. 2026 and 25% of the grant would vest at the end of the forth
year i.e. 2027 with a vesting condition that the employee is in continuous employment with the company till the date of respective
vesting. The exercise period would be 3 years from the date of respective vesting. The options will lapse if the employment
is terminated prior to vesting. Even after the options are vested, the options may be forfeited if the employee is terminated to
gross misconduct.

These options are equity settled and are accounted for in accordance with the requirement applying to equity settled transactions.

The fair value of these options can be determined using the Black- Scholes model which takes into account the exercise price, the
term of the option, the share price at grant date and expected price volatility of the underlying share, the expected dividend yield
and the risk free interest rate for the term of the option.

*The expected life of the stock is based on historical data and current market expectations and is not necessarily indicative of
exercise patterns that may occur. The expected volatility reflects the assumption that the historical volatility over a period similar
to the life of the options is indicative of future trends, which may also not necessarily be the actual outcome.

#1. Dividend yield is considered zero, as no dividend payout is expected in the foreseeable future.

#2. Annualized volatility is based on average volatility of selected comparable companies for a time period commensurate with
the expected term.

#3. Risk free return is based on the yield to maturity of Indian treasury securities, with a maturity corresponding to the
expected term of ESOP.

39 Segment Reporting

As permitted by paragraph 4 of Ind AS 108, "Operating Segments", notified under section 133 of the Companies Act, 2013, read
together with the relevant rules issued thereunder, if a single financial report contains both consolidated financial statements and
the standalone financial statements of the parent, segment information need to be presented only on the basis of the consolidated
financial statements. Thus disclosures as required under Ind AS 108 is presented in Consolidated Financial Statements.

' Indirect tax matter comprises of open disputed demand in respect of Custom duty, Service Tax, Sales Tax, Value Added Tax and Goods and Services Tax for
various financial years. The above demand are currently challenged by the Company and pending with various appellant authorities. Against above demand,
the company has deposited tax under protest of H 106.03 lakhs (31 March 2025 : H 101.08 lakhs).

** Other matters consist of various royalty demand order issued by the respective authorities on the Company and same are pending before various appellant
authorities as at March 31,2026.

There are various civil litigations and contractual dispute arising in normal course of business which is pending with various
authority. Currently, the Company is contesting these matters. Based on the management assessment and legal advice, the
management believes that no material liability likely to be arised on the company.

Pending resolution of the respective proceedings, it is not practicable for the Company to estimate the timings of cash outflows, if
any, in respect of the above as it is determinable only on receipt of judgments/decisions pending with various forums/authorities.
The Company has reviewed all its pending litigations and proceedings and has adequately provided for where provisions are
required and disclosed as contingent liabilities where applicable, in these standalone financial statements. The Company does
not expect the outcome of these proceedings to have a materially adverse effect on its financial position. The Company does not
expect any reimbursements in respect of the above contingent liabilities.

iii The projects under subsidiary companies has been funded through various credit facility agreements with banks. Against the
said facilities availed by the subsidiary companies from the lenders, the Company has executed agreements with respective
lenders whereby the Company has committed to hold minimum shareholding and pledge of its holding in the respective
subsidiary companies. The Company has also agreed with lender of subsidiaries company for non-disposal undertaking
of 21% apart from shares pledged (refer note 7) in (i) Nagaur Mukundgarh Highways Private Limited, (ii) GR Amritsar
Bathinda Highway Private Limited, (iii) GR Ludhiana Rupnagar Highway Private Limited, (iv) GR Bandikui Jaipur Highway
Private Limited, (v) GR Govindpur Rajura Highway Private Limited, (vi) GR Madanapalli Pileru Highway Private Limited, (vii) GR
Venkatpur Thallasenkesa Highway Private Limited, (viii) GR Belgaum Raichur (Package-5) Highway Private Limited , (ix) GR
Belgaum Raichur (Package-6) Highway Private Limited, (x) GR Hasapur Badadal Highway Private Limited, (xi) Pachora Power
Transmission Limited, and (xii) Rajgarh Transmission Limited.

iv In accordance with the Share Purchase Agreement ("SPA”) entered with Indus Infra Trust (InvIT), the Company has provided
certain indemnities in connection with the sale of certain subsidiaries. Under the terms of the SPA, the Company has agreed
to indemnify InvIT against specified losses that may arise due to breach of representations or warranties made by the
Company, pre-acquisition tax or regulatory liabilities and other specific matters identified and agreed upon in the SPA.

As at March 31, 2026, no claims have been made or are expected to be made under the indemnity clause. Accordingly, no
provision has been recognized in the standalone financial statements considering the possibility of an outflow of resources
embodying economic benefits is considered remote.

G. Nature of CSR activities: -

(i) Construction and maintenance of education institution and heath care infrastructure

(ii) Provide sponsorship for education to under privilege and disable children's.

(iii) Promotion of education.

(iv) Contribution to social welfare.

H. Reason for shortfall

The shortfall amounting to H 1,511.04 lakhs ( 31 March 2025 : H 50.14) pertains to ongoing projects which has been transferred to
separate unspent CSR account subsequent to year end within stipulated time in accordance with the provision of section 135 (6)
of the Companies Act, 2013

H. Terms & Condition with Related Parties

i) The Company has entered into contracts with related parties for the providing various services, including sub-contracting
for EPC works, operations and maintenance of road infrastructure and shared services in an arm's length transaction and in
the ordinary course of business. The Company mutually negotiates and agrees the price with the related parties based on
assessments carried out by an independent third party / lender's expert considering the nature of the services. Such services
generally include payment terms as per payment milestone mentioned in the agreement and any balance outstanding related
to service is unsecured and interest free.

ii) The Company has entered into contracts with related parties for the receipts of various services, including sub-contracting
service, lease arrangement and purchase of materials in an arm's length transaction and in the ordinary course of business.
The Company mutually negotiates and agrees the price and payment terms with the related parties by benchmarking against
comparable market transactions. Such services generally include payment terms of 30 to 90 days from the date of invoice
and any balance outstanding related to service is unsecured and interest free.

iii) Short term employee benefits amounts disclosed in the above table are the amounts recognised as an expense during the
financial year related to key managerial personnel. The amounts do not include expense, if any, recognised toward post¬
employment benefits and other long-term benefits of key managerial personnel. Such expenses are measured based on an
actuarial valuation done for the Company as a whole. Hence, amounts attributable to KMPs are not separately determinable.

iv) The loans granted to subsidiaries for their business purpose. The loan has been utilised by subsidiaries for the purpose it was
obtained. The loan is unsecured and carries interest rate of 10 %p.a. (31 March 2025: 10.50% p.a.)

v) The Company has invested in equity shares (including perpetual debt) of its subsidiaries company to finance its business
operation. The investment has been utilized by the subsidiaries for the purpose it was obtained. Subsidiaries has only one
class of equity shares having par value of INR 10 per share. Each holder of equity shares is entitled to one vote per share.
Subsidiaries declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the
approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation of subsidiaries, the holders
of equity shares will be entitled to receive its remaining assets, after distribution of all preferential amounts. Refer note 7
regarding details of Equity Shares of the subsidiaries held by the Company. Further, the unsecured perpetual debts issued
with redemption only at the option of the subsidiaries and carry zero coupon rate.

vi) The Company has not provided any other commitment to the related party as at 31 March 2026 and 31 March 2025 other
than mentioned in note 40.

vii) The Company has granted 21,700 option to key managerial personal on 10 August 2023 under 'G R Infraprojects Limited
employee stock option scheme 2021' with exercise price of H 1,000 per share which will expire on February 2029. Accordingly,
The company recognised expenses of H 31.98 lakhs (31 March 2025 H 44.85 lakhs) towards employee stock options granted
to key managerial personnel. The same has not been considered as managerial remuneration of current year as defined
under section 2(78) of the companies Act, 2013 as the option have not been exercised.

viii) The company has pledged its investment in equity shares of subsidiaries of H 9,931.33 lakhs (31 March 2025 : H 9,267.31
lakhs) in favour of the lender for term loan facilities availed by the respective subsidiaries companies.

Note: All financial instruments for which fair value is recognised or disclosed are categorised within the fair value hierarchy
described as above, based on the lowest level input that is significant to the fair value measurement as a whole.

The fair values of the financial assets and financial liabilities included in the level 2 category above has been determined in
accordance with generally accepted pricing models based on a discounted cash flow analysis, with the most significant inputs
being the discount rate that reflects the credit risk of counterparties.

48 Financial risk management objectives and policies

The Company's principal financial liabilities, comprise of borrowings, trade and other payables. The main purpose of these financial
liabilities is to finance the Company's operations and to provide guarantees to support its operations. The Company's financial
assets comprise mainly of investments, loans, cash and cash equivalents, other balances with banks, loans, trade receivables and
other receivables other than derivative that are derived directly from its operations. The Company also holds investments in equity
instruments and enters into derivative transactions.

The Company is exposed to market risk, credit risk and liquidity risk. The Company's board of directors have overall responsibility for
establishment and oversees the Company's risk management framework. All derivative activities for risk management purposes
are carried out by finance team which has appropriate skills, experience and supervision. It is the Company's policy that no trading
in derivatives for speculative purposes may be undertaken. The Board of Directors reviews and agrees 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 flow of financial instrument will fluctuate because of changes in market
prices. Market risk comprises three types of risk: interest rates risk, currency risk and other price risk, such as equity prices risk and
commodity risk. Financial instruments affected by market risk include loans and borrowings, deposits, debt and equity investments
and derivative financial instruments.

The sensitivity analyses in the following sections relate to the position as at 31 March 2026 and 31 March 2025.

The sensitivity analyses have been prepared on the basis that the amount of net debt, the ratio of fixed to floating interest rates of
the debt and derivatives and the proportion of financial instruments in foreign currencies are all constant and on the basis of hedge
designations in place at 31 March 2026. The analysis excludes the impact of movements in market variables on the carrying values
of gratuity and other post-retirement obligations and provisions.

The following assumptions have been made in calculating the sensitivity analyses:

The sensitivity of the relevant profit or loss item is the effect of the assumed changes in respective market risks. This is based on
the financial assets and financial liabilities held at 31 March 2026 and 31 March 2025.

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 changes in
market interest rates. The Company is exposed to interest risk of changes in market interest rates relate primarily to the Company's
long-term debt obligations with floating interest rates. While most of long-term borrowings from debenture holders are on fixed
rate basis, certain borrowings consist of floating rate obligations linked to the applicable benchmark rates, which may typically
be adjusted at certain intervals in accordance with prevailing interest rates. As at 31 March 2026, approximately 100% of the
Company's borrowings are at fixed rate (31 March 2025: 79%).

Interest rate sensitivity

The following table demonstrates the sensitivity to a reasonably possible change in interest rates on that portion of loans and
borrowings affected. The risk estimates provided assume a parallel shift of 100 basis points interest rate across all yield curves
while all other variables held constant. This calculation also assumes that the change occurs at the balance sheet date and has
been calculated based on risk exposures outstanding as at that date. The year end balances are not necessarily representative of
the average debt outstanding during the year.

Foreign currency risk

The functional currency of the Company is Indian Rupees (" H"). Foreign currency risk is the risk that the fair value or future cash
flows of an exposure will fluctuate because of changes in foreign exchange rates. The Company's exposure to the risk of changes
in foreign exchange rates relates primarily to the Company's operating activities (when revenue or expense is denominated in a
foreign currency).

Commodity Price Risk

The Company requires materials for construction, operation and maintenance of the projects, such as cement, bitumen, steel and
other construction materials.. The Company is able to manage its exposure to price increases in project materials through bulk
purchases and better negotiations. Further, the company has arrangement with its customers to charge price escalation which
mitigate any increase in price risk. Hence, the sensitivity analysis is not required.

Equity price risk

The Company's exposure to price risk in the investment in mutual funds and equity shares arises from investments held by the
Company and classified in the balance sheet as fair value through profit or loss including OCI (refer note 7). The fair value of these
instruments is marked to active market. The Company manages the equity price risk through diversification and by placing limits
on individual and total equity instruments. The Company's managements reviews and approves all equity investment decisions.

The investments in mutual funds are designated as FVTPL while investment in equity shares are designated as FVOCI.

Equity price sensitivity

The following tables demonstrate the sensitivity to a reasonably possible change in Investment in mutual funds and equity price.

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 primarily trade receivables, contract assets and other financial assets
including deposits with banks. The Company's exposure and credit ratings of its counterparties are continuously monitored and
the aggregate value of transactions is reasonably spread amongst the counterparties. The maximum exposure to credit risk at the
reporting date is the carrying value of each class of financial assets disclosed in note 45.

Trade receivable and contract assets

The Company's exposure to customer 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. Ageing has been disclosed in note 13.
The Company's customer profile mainly includes public sector enterprises, state owned companies, group companies and
corporates customers. General payment terms include mobilisation advance, monthly progress payments with a credit period
ranging from 30 to 90 days. Further, trade receivables include retention money receivable from the customers on expiry of the
defect liability period. However, the Company has an option to get the refund of the above receivables if bank guarantee is provided.
The Company has a detailed review mechanism of customer receivables at various levels within organisation to ensure proper
attention and focus for realisation.

Credit risk on trade receivables and contract assets is limited as the customers of the Company mainly consists of the government
promoted entities having a strong credit worthiness. The provision matrix takes into account available external and internal credit
risk factors such as company's historical experience for customers.

The information about movement of impairment allowance due to the credit risk exposure is given in note 13.

The significant change in the balance of trade receivables and contract assets are disclosed in note 51.

Concentration of credit risk

At 31 March 2026, the Company had eighteen customers (31 March 2025: eighteen customers) that accounted for approximately
65% (31 March 2025: 85%) of all the outstanding receivables and contract asset.

Financial instruments and bank 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 only with approved counterparties and within credit limits
assigned to each counterparty. The limits are set to minimise the concentration of risks and therefore mitigate financial loss
through counterparty's potential failure to make payments.

This comprises mainly of deposits with banks, investments in mutual funds and other intercompany receivables. The Company's
maximum exposure to credit risk for the components of the balance sheet at 31 March 2026 and 31 March 2025 is the carrying
amounts as illustrated in note 45.

C. Liquidity risk

Liquidity risk is the risk that the Company may encounter difficulty in meeting its present and future obligations associated with
its financial liabilities that are settled by delivering cash or another financial asset. The Company's approach to managing liquidity
is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and
stressed conditions, without incurring unacceptable losses or risking damage to the Company's reputation. The Company invest
in liquid mutual funds and deposit with bank to meet the immediate obligations.

Exposure to liquidity risk

The liquidity risk is managed on the basis of expected maturity dates of the financial liabilities. The other financial liabilities are with
short term durations. The table below summaries the maturity profile of the company's financial liabilities based on contractual
undiscounted payments :

49 Capital management

For the purpose of the Company's capital management, capital includes paid-up equity capital and all other equity reserves
attributable to the equity holders of the Company. The primary objective of the Company's capital management is to ensure that
it maintains a strong capital base so as to maintain investor, creditor and market confidence and to sustain future development of
the business and maximise shareholder value.

The Company manages its capital structure and makes adjustments in the light of changes in economic conditions and the
requirements of the financial covenants. Breaches in meeting the financial covenants would permit the lenders to immediately call
loans and borrowings. To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders,
return capital to shareholders or issue new shares. The Company monitors capital using Debt-Equity ratio, which is debt divided by
total equity. The Company's policy is to keep the debt to equity ratio below 3. Debt consist of interest bearing borrowings, interest
accrued theron. Equity includes equity attributes to the equity shareholders.

D. Performance obligation

i) Sales of goods :

Performance obligation is satisfied upon delivery of goods. Payment is generally taken in advances or due within 30 to 90
days after delivery of goods.

ii) Sales of Services:

The performance obligation is satisfied over time as the assets is under control of customer and they simultaneously receives
and consumes the benefits provided by the Company. The Company received payment toward provision of services upon
completion of milestone as per terms of contract.

E. Transaction price allocated to remaining performance obligation

The aggregate amount of transaction price allocated to the performance obligations that are unsatisfied (or partially unsatisfied)
as at March 31,2026, is H 26,47,153.88 lakhs (31 March 2025 - H 19,17,926.67 lakhs) and the Company will recognise this revenue
as and when work completed on the projects, which is expected to occur over the next 24-30 months.

The joint operation agreements related to above joint operations require unanimous consent from all parties for relevant activities.
The partners have direct rights to the assets of joint arrangement and are jointly and severally liable for the liabilities incurred by
joint arrangement. Thus, the above entities are classified as joint operations and the Company recognises its direct right to the
jointly held assets, liabilities, revenue and expenses.

54 The Company has migrated to upgraded version of the accounting software i.e. SAP Rise from SAP HANA during the year w.e.f.
August 18, 2025 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. However, that audit trail feature is not
enabled at the database layer for the certain direct changes to data when using certain privilege administrative access rights to the
accounting software and underlying database. The legacy version of accounting software used for maintaining its books of account
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. Further, there are no instance of audit trail feature being tampered with, occurred in respect of accounting
software where the audit trail feature is enabled. Additionally, the Company has preserved audit trail in full compliance as per the
statutory requirements for record retention, to the extent it was enabled and recorded in prior years.

55 The Government of India has consolidated 29 existing labour legislations into a united framework comprising four Labour Code viz
Code on wages 2019, Code on Social Security 2020, Industrial Relation Code 2020, and Occupational Safety, Health and Working
Condition Code 2020 (collectively referred to as the 'Codes'). The Codes have been made effective from 21 November, 2025.

Based on the information available and in accordance with guidance issued by the Institute of Chartered Accountants of India, the
company has estimated and recognised the incremental liability of H 2,427.30 lakhs, as past service cost on post employment
defined benefits for its employees in the standalone financial statements. The Company continue to monitor the finalisation of
state rules as well as government clarification on other aspects of labour codes, and will recognise the consequential impact, if
any, based on such developments.

56 The law enforcement agency took into custody two NHAI officials posted at Regional office, Guwahati along with three employees
of the company on June 12, 2022 and registered case under the Prevention of Corruption Act, 1988 read with the Indian Penal
Code, 1860. Subsequently, all three employees were released on bail and the Company had also received summons and appeared
through its authorized representative to Ld. Court. Currently, the matter is sub-judice and pending with Ld. Court and no charges
are framed against the Company or its employees till date.

Simultaneously, the Company had filed an application before the Hon'ble High Court of Guwahati, Assam (Hon'ble High Court)
to challenge its involvement in the said matter wherein the Hon'ble High Court passed a stay order on the proceeding before in
Ld. Court and the matter is now pending with Hon'ble High Court. Considering this, any impact of the matter on the standalone
financials statements would be dependent upon the conclusion of the matter.

57 During the year, the Income Tax Department ("the Department”) conducted a search under section 132 of the Income Tax Act,
1961 ("the Act”) at certain locations of the Company along with residence of Promoters, few members of promoter group, CFO and
few employees on 9 October 2025. During the search proceeding, the Company extended full cooperation to the department and
had provided all requested information. The Department had taken certain documents, few laptops and data back-ups for further
investigation including cash balance of H 185 lakhs which was already recorded in the books. The business and operations of the
Company continued without any disruptions and no demands has been raised on the Company as of date.

While uncertainty exists based on further communication from department, after considering all available information as of date,
the company believes that it has complied with the requirement of the Act and does not expect any material adverse impact on the
financial position and hence, no adjustments are required to made in the standalone financial statements.

58 Other Statutory Information

(i) No proceeding has been initiated or are pending against the Company for holding any Benami property under the Benami
(prohibition) transaction Act, 1988.

(ii) The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.

(iii) The Company have not advanced or loaned or invested funds (either from borrowed funds or share premium or any other sources
or kind of funds) to any other persons or entity, including foreign entities (Intermediaries) with the understanding whether recorded
in writing or otherwise that the Intermediary shall:

(a) 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

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

(iv) The Company have not received any fund from any persons or entities, including foreign entities (Funding Party) with the
understanding, whether recorded in writing or otherwise that the Company shall:

(a) 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

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries,

(v) The Company does not have any such transaction which is not recorded in the books of accounts that has been surrendered or
disclosed as income during the 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).

(vi) The Company has not been declared as wilful defaulter by any bank or financial institution or other lender.

59 Events occurring after Balance sheet date :

The Company evaluates events and transactions that occur subsequent to the Balance sheet date but prior to approval of
the standalone financial statements to determine the necessary for recognition and/or reporting of any of these events and
transactions in the standalone financial statements. As on May 11,2026, there are no subsequent events recognised or reported.