(d) There has been no revaluation of property, plant and equipment done during the year.

(e) The freehold land and buildings totaling '453.30 million as of 31 March 2024, were encumbered by a first-charge secured loan. The loan has been been fully paid off during the year and thus the assets are no longer subject to this lien. [refer Note 17]

Note (ii)
Persuant to Board of Director's approval on 4 June 2024 for selling the unused land, the Company has classified its freehold land and building valued at '278.10 million and '20.37 million(net of depreciation), respectively, to 'Asset Held for Sale' under Current Assets. Further, no depreciation is recorded on these amounts with effective from 1 July 2024. As per the requirements of Ind AS 105 -Non-current Assets Held for Sale and Discontinued Operations, the management has valued the same at lower of carrying value or fair value less cost to sale.

(b) Goodwill arising upon business combination is not amortized but tested for impairment annually or more frequently if there is any indication that the cash generating unit to which goodwill is allocated is impaired. For the purposes of impairment assessment, the Company is considered as single cash generating unit. Acquired business of Delta Ram Enterprises, Sirisha Enterprises and SM Enterprises has been merged with the Company and the management considered these acquired business with the Company as single cash-generating unit. The recoverable amounts of the cash generating units have been assessed using a enterprise value model. Key assumptions upon which the Company has based its determinations of enterprise value include:

As at 31 March 2025 and 31 March 2024, the estimated recoverable amount of the CGU exceeded its carrying amount hence no impairment is trigerred

The Company believes that any reasonably possible change in the key assumptions on which a recoverable amount is based would not cause the aggregate carrying amount to exceed the aggregate recoverable amount of the cash-generating unit.

(a) During the year ended 31 March 2024, the Company had entered into a Share Purchase Agreement on 27 April 2023 (together hereinafter referred to as the "SPA") for acquisition of Walter Pack Automotive Products India Private Limited including its wholly owned subsidiary (hereinafter referred to as "Walter Pack"), Plastoranger Advanced Technologies Private Limited (hereinafter referred to as "Plastoranger")(together hereinafter referred to as "Walter Pack group"). Walter Pack group is engaged in designing and manufacturing of all types of in-mould products and automotive products. The Company had acquired 3,15,442 equity shares (90.1% of the shareholding of Walter Pack group) and the same was consummated for a consideration of '2,385.74 million. The acquisition was made to enhance the Company's product portfolio, manufacturing capabilities, customer base and cross selling opportunities. The acquisition was with effect from 1 July 2023 post which Walter Pack and Plastoranger became the subsidiary of the Company. [refer Note 19].

The purchase consideration contained cash consideration amounting to ' 2,297.52 million and deferred consideration of ' 88.22 million. Out of the total defferred consideration ' 28.36 was paid during the previous year and balance amount is fully paid in the current year.

The acquisition related cost of '16.01 million related to the above acquisition has been included in the legal & professional fees in the Standalone Statement of Profit and Loss as of 31 March 2024.

(b) During the year ended 31 March 2025, the Company has entered into a Power Supply and Offtake Agreement ("PSOA") and Share Subscription and Shareholders' Agreement ("SSSHA") with Sunsource Energy Private Limited ("SEPL") and Suryaurja One Private Limited ("STPL"), and acquired 10,50,000 Equity Shares of STPL for a consideration of '10.5 million. STPL is engaged in the business of power generation from renewable sources for captive consumption. The investment is made in order to qualify as a captive consumer in accordance with The Electricity Act, 2003.

Information about the Company's exposure to credit and market risks, and fair value measurement is included in note 33 and note 34.

(b) Tax charge for the current year includes a tax credit of ' 52.65 million which is primarily on account of deduction proposed to be claimed by the Company under the provisions of Income Tax Act, 1961 on account of the difference between the grant date fair value of ESOPs and market price on the date of exercise of ESOPs (net of the exercise price).

a) Bangalore Metro Rail Corporation Limited (BMRCL) had acquired a portion of the freehold land for an agreed compensation of '15.41 million (including tax deducted at source). On the above land, one of the female legal heirs of the erstwhile owner of the freehold land has raised an allegation for separate possession of certain portion of the freehold land. On account of the dispute, the acquisition compensation amount was deposited by BMRCL in the Court till the final settlement. During the year ended 31 March 2024, the matter is closed as the Company has received an order dated 9 September 2023 in its favour. Pursuant to this, during the year ended 31 March 2025, the Company has received a compensation of '13.90 million (including interest of ' 4.55 million) and expects to receive the remaining amount.

(b) The provision for write down of inventories to net realisable value during the year amounted to '223.27 million (31 March 2024 : '193.73 million). The provision estimated by the management for slow moving and obsolete stock during the year amounted to '120.31 million (31 March 2024 : '112.73 million). The write down, reversal and provision for slow moving and obsolete stock are included in the costs of materials consumed or changes in inventories of finished goods and work-in-progress.

(b) Rights, preferences and restrictions attached to equity shares
The Company has only one class of equity shares having par value of '10 each. All equity shares carry similar voting rights of 1:1 and similar dividend rights. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the Company, after distribution of all preferential amounts, if any. The distribution will be in proportion to the number of equity shares held by the shareholders.

(c) During the year ended 31 March 2024, the Board of Directors at their meeting held on 3 May 2023, had approved the issue of equity shares of 600,000 shares on a preferential basis at an issue price of ' 500 (Rupees Five Hundred Only) per equity share to Mr. K.A. Joseph ("Investor"), Founder, Promoter and Managing Director of the Company. The same had been approved by the Shareholders in their meeting held on 30 May 2023.

(d) During the year ended 31 March 2025, 287,750 equity shares were issued pursuant to the exercise of vested options granted to employees under the 2021 share option scheme.

(e) The Company has neither allotted any shares as fully paid up pursuant to contracts without payments being received in cash or by way of bonus shares nor bought back any shares for the period of five years immediately preceding 31 March 2025.

During the quarter ended 30 June 2024, Evergraph Holdings Pte. Ltd ("Promoter") had sold 5,36,337 equity shares of the Company which constitute 1.73% of paid-up equity share capital to Mr. K.A Joseph(Managing Director) ("Promoter").

i) The Board of Director of the Company at its meeting held on 20 May 2024 had proposed a final dividend of '2/- per equity shares for the year ended 31 March 2024, the proposal was approved by shareholders at the Annual General Meeting held on 20 August 2024 and the same was paid during the year ended 31st March 2025. The total cash outflow on account of this dividend amounted to '62.08 million.

ii) During the year ended 31 March 2025, the Board of Directors of the Company at its meeting held on 8 May 2025 have proposed a final dividend of '2.50/- per equity share for the year ended 31 March 2025, which is subject to the approval of the shareholders at the ensuing Annual General Meeting.

d) Share option outstanding account:
The Company has share option schemes under which options to subscribe for the Company's shares have been granted to employees. The share-based payment reserve is used to recognise the value of equity-settled share-based payments provided to employees as part of employee benefit expense.

e) Other comprehensive income:
(i) Remeasurement of net defined benefit liability or asset

Differences between the interest income on plan assets and the return actually achieved and any changes in the liabilities over the year due to changes in actuarial assumptions or experience adjustments within the plans, are recognised in 'Other equity' as other comprehensive income net of taxes.

(ii) Equity instruments through OCI
The Company has elected to recognise changes in the fair value of certain investment in equity securities in other comprehensive income. These changes are accumulated within the FVOCI equity investments within equity. The Company transfers amounts therefrom to retained earnings when the equity securities are derecognised.

(a) During the year ended 31 March 2024, the Company had availed ' 350 million term loan from Bajaj Finserve which carries interest of 9.50% per annum linked with repo rate of Reserve Bank of India and payable in 60 monthly installments with 12 months moratorium starting from 1 July 2024. The loan is secured by first paripassu charge on entire movable and immovable property, plant and equipments of the Company. The entire loan is repaid during the year.

(b) The Company has availed woking capital demand loan from Citi Bank which carries interest of 1 month treasury bill 175 basis points per annum (31 March 2024: 1 month treasury bill 175 basis points per annum) and is payable within 30 days from the date of loan availed.

(c) The Company has availed bill discounting facility (with recourse) from State Bank of India which carries interest in the range of 8.22% to 10.48% per annum (31 March 2024: 7.08% to 10.59% per annum) and is payable within 45 days from the date of discounting of bills.

(d) The Company has obtained overdraft facility from Kotak Mahindra Bank amounting to '10 million, which carries interest at MCLR in the range of 8.60% to 8.80% and repayable on demand. As at 31 March 2025, the bank overdraft balance amounts to Nil (31 March 2024: Nil).

(e) Information about the Company's exposure to interest rate, foreign currency and liquidity risks is included in Note 34

Amounts recognised in statement of cashflows:
During the year, the Company had no cash inflow / outflow related for right-of-use asset. (31 March 2024: Nil).

During the year, for lease including cash outflow of short-term leases, the Company had a cash outflow of '8.05 million (31 March 2024: '5.23 million).

33 FINANCIAL INSTRUMENTS - FAIR VALUES AND RISK MANAGEMENT Accounting classification and fair value
The following table shows the carrying amount and fair value of financial assets and financial liabilities including their level of fair value hierarchy:

Fair value hierarchy
The section explains the judgement and estimates made in determining the fair values of the financial instruments that are:

a) recognised and measured at fair value

b) measured at amortised cost and for which fair values are disclosed in the financial statements.

To provide an indication about the reliability of the inputs used in determining fair value, the Company has classified its financial instruments into the three levels prescribed under the Indian Accounting Standard.

Fair value hierarchy
Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices.

Level 2: The fair value of financial instruments that are not traded in an active market (for example, traded bonds, over-the-counter derivatives) is determined using valuation techniques which maximize the use of observable market data and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in level 2. This includes investment in mutual funds. The fair values of investments in units of mutual fund are based on the Net Asset Value (NAV) as per the fund statement.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3.

Fair valuation method
The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. The following methods and assumptions were used to estimate the fair values. Investments in mutual funds carried at fair value are generally based on the Net Asset Value (NAV) as per the fund statement at the reporting date.

There were no transfers in either directions during the year ended 31 March 2025 and 31 March 2024.

Financial assets:
The Company has not disclosed the fair values for loans, trade receivables, cash and cash equivalents including other bank balances, investments in bonds, commercial papers and others and other financial assets because their carrying amounts are a reasonable approximation of their fair value.

Investments in mutual funds: Fair value of unquoted mutual funds units are based on the Net Asset Value (NAV) at the reporting date.

Investment in equity instruments: The fair value of the said investment is derived based on the estimated cashflows that is expected to be generated in future and discounted for the present value using the risk free interest rate / weighted average cost of capital.

Financial liabilities:
Borrowing: It includes term loans, working capital demand loan and bill discounting facilities. Borrowings are classified and subsequently measured in the standalone financial statements at amortised cost. Considering that the interest rate on borrowings is reset on a periodic basis, the carrying amount of the borrowings would be a reasonable approximation of its fair value.

Trade payables and other financial liabilities: Fair values of trade payables and other financials liabilities are measured at balance sheet date value, as most of them are satisfied within a short period and so their fair values are assumed almost equal to balance sheet date values.

Deferred consideration:
Discounted cash flow - The valuation model considers the present value of expected future payments discounted at risk adjusted discount rate.

34 FINANCIAL RISK MANAGEMENT
The Company's activities expose to a variety of financial risks: credit risk, liquidity risk and market risk.

Risk management
The Company's Board of Directors have 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 analyze 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 responsibilities.

The Board of Directors has established the risk management committee, which is responsible for developing and monitor the Company's risk management policies. The committee reports regularly to the board of directors on its activities.

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 procedure, aims to maintain a disciplined and constructive control environment in which all employees understand their roles and obligations.

The Company's Risk Management Committee along with Audit Committee overseas 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 Risk Management Committee and Audit Committee is assisted in its oversite role by the internal auditor.

(i) 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 given. Credit risk arises from cash held with banks and financial institutions, as well as credit exposure to clients, including outstanding accounts receivables. The maximum exposure to credit risk is equal to the carrying value of the financial assets. The objective of managing counterparty credit risk is to prevent losses in financial assets. The Company assesses the credit quality of the counterparties, taking into account their financial position, past experience and other factors. The carrying amount of financial asset represents the maximum credit exposure.

Trade and other receivables
The maximum exposure to credit risk at the reporting date is primarily from trade receivables. However, the management also considers the factors that may influence the credit risk of its customer base. Customers of the Company are spread across diverse industries and geographical areas. The Company limits its exposure to credit risk from trade receivables by establishing a maximum credit period and takes appropriate measures to mitigate the risk of financial loss from defaults. Recurring credit evaluation of credit worthiness is performed based on the financial condition of respective customer.

(ii) Liquidity risk
Liquidity risk is the risk that the Company will not be able to meet its financial obligation as they become due. 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. Management monitors rolling forecast of the Company's liquidity position and cash and cash equivalents on the basis of expected cash flows. This is generally carried out by the management in accordance with practice and limits set by the Company.

In addition, the Company's liquidity management policy involves projecting cash flows and considering the level of liquid assets necessary to meet these, monitoring balance sheet liquidity ratios against internal and external regulatory requirements and maintaining debt financing plans.

The Company maintains the line of credit as stated in note 17.

The Company invests its surplus funds in bank fixed deposit and liquid and liquid plus schemes of mutual funds, which carry no/low mark to market risks.

The table below provides details regarding the contractual maturities of significant financial liabilities as at 31 March 2025 and 31 March 2024. The amounts are gross and undiscounted contractual cash flow includes contractual interest payment and excludes netting arrangements:

(iii) Market risk
Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risk: interest rate risk, currency risk and equity price risk as discussed below:

A) Currency risk
The Company is exposed to currency risk to the extent that there is a mismatch between the currencies in which sales and purchases are denominated and the respective functional currency of the Company. The functional currency of the Company is primarily INR. The currencies in which these transactions are primarily denominated are USD, EUR, JPY etc.

Management monitors the movement in foreign currency and the Company's exposure in each of the foreign currency. Based on the analysis and study of movement in foreign currency, the Company decides to exchange its foreign currency.

35 CAPITAL MANAGEMENT
The Company's policy is to maintain stable and strong capital base structure with a focus on total equity so as to maintain investor, creditor and market confidence and to sustain future development and growth of the business. The Company monitor's the return on capital as well as the level of dividends on its equity shares. The Company's objective when managing capital is to maintain an optimal structure so as to maximize shareholder value and safeguard its ability to continue as a going concern.

The Company monitors capital using a ratio of 'adjusted net debt' to equity'. For the purpose of Company's capital management, adjusted net debt is defined as borrowings less cash and cash equivalent, bank balance other than cash and cash equivalents and current investments and total equity includes issued capital and all other equity reserves and excludes lease liabilities.

38 COMMITMENTS AND CONTINGENT LIABILITIES

(' in million)

Particulars

As at 31 March 2025

As at 31 March 2024

i) Capital Commitments

Estimated amounts of contracts remaining to executed on capital account and not provided for

12.81

7.26

ii) Contingent liabilities

Income tax matters [refer Notes (b)]

17.11

18.01

(a) During the year, the Income tax department (IT) conducted a Survey under Section 133A(1) of the Income Tax Act, 1961, at Registered office of the Company in Bengaluru from 16th January 2025 to 18th January 2025. The management has furnished the required documents to the department. Consequently, the Company has received show cause notice under section 148A for AY 2019-20 and 2020-21 against which the Company has filed response on 21 April 2025.

(b) This includes a demand notice for the assessment year 2020-21 for additional tax of '17.11 million from the Income tax department for the disallowance of non compete fees paid to the commission agents as per termination agreement which is considered as capital expenditure .The Company has filed an appeal against this order and the appeal is pending with the commissioner appeals. During the year ended 31 March 2025, the ITAT, vide order dated 19 July 2024, remanded the case back to the Assessing Officer ("AO") for fresh examination.

39 EMPLOYEE SHARE BASED PAYMENT PLAN
a) Description of share-based payment plan

The 'SJS Enterprises - Employee Stock Option Plan 2021' ('SJS ESOP -2021') plan was approved by the shareholders at the extraordinary general meeting held on 14 July 2021 and subsequently by Nomination and remuneration committee vide their meeting held on 19 July 2021. The Plan entitles the employees (including the employees of subsidiary) with a right but not an obligation to purchase or subscribe at a future date the shares underlying the option at a pre-determined price, subject to compliance with vesting conditions; all exercised options shall be settled as provided under the SJS ESOP-2021 plan. As per the plan, holders of vested options are entitled to purchase one equity share for every option at an exercise price as mentioned in the ESOP Offer letter.

The equity shares covered under these options vest at various dates over a period ranging from three to five years from the date of grant based on the length of service completed by the employee from the date of grant. The exercise period is six months from the respective date of vesting or within thirty days from the resignation of employee whichever is earlier.

The expenses towards share based payments incurred during the year is '84.86 million (31 March 2024: '47.81 million). Out of this, the Company has recharged ESOP cost to its subsidiaries amounting to '14.63 million (31 March 2024: '7.44 million). This has resulted in the net expense of '70.23 million for the year ended 31 March 2025 (31 March 2024: '40.37 million) towards share based payments.

e) Deduction claimed under Income Tax for ESOP exercised
The Company granted stock options to the eligible employees (including employees of the subsidiary companies) under the SJS ESOP- 2021 Scheme. In accordance with the provisions of Ind-AS and guidance note on accounting for employee share-based payments, issued by the Institute of Chartered Accountants of India for the purposes of accounting of the stock options, estimated fair value of the options determined on grant date is recognised as

an expense in the statement of profit and loss on a straight-line basis over the required service period for each separately vesting portion, as 'Share-based payments to employees'. Accordingly, '70.23 million (31 March 2024: '40.37 million) pertaining to SJS ESOP Scheme - 2021 has been debited to the profit and loss account to the extent relating to the employees of the Company.

The market value of shares as on the date of exercise of the options is higher than the fair value of the stock options as on the date of grant. ESOP value to the extent of a) the difference between the fair value of the equity shares on the date of exercise and exercise price paid by the employees and b) expense already recognised in the books of account (based on fair value of the grants) is not debited to the profit and loss account of the Company in the books of account, in terms of above accounting principles.

However, basis the legal advice, total amount of ' 209.2 million pertaining to the above scheme can be claimed as deduction in the returns of income of the Company and accordingly, the Company has claimed such tax deduction in computation of income for tax purposes for the financial year 2024-25 which is subject to income tax assessment.

The Company operates the following post-employment defined benefit plan (a) Defined benefit plans (funded):
The Company operates post-employment defined benefit plan that provide gratuity, governed by the Payment of Gratuity Act, 1972. Employees who are in continuous service for a period of 5 years arc eligible for gratuity. The amount of gratuity payable on retirement/termination is the employees last drawn salary per month computed proportionately for 15 days salary multiplied for the number of years of service or part thereof in excess of six months. The gratuity plan is a funded plan. The Company does not fully fund the liability and maintains a target level of funding to be maintained over a period of time based on estimations of expected gratuity payments.

These defined benefit plans expose the Company to actuarial risks., such as longevity risk. currency risk, interest rate risk and market (investment) risk.

A. Funding
Company's gratuity scheme for employees is administered through a trust with the SBI Life Insurance Company Limited. The funding requirements are based on the gratuity fund's actuarial measurement framework set out in the funding policies of the plan. The funding is based on a separate actuarial valuation for funding purposes for which the assumptions may differ from the assumptions set out in (E). Employees do not contribute to the plan.

B. Reconciliation of net defined benefit liability
The following table shows a reconciliation from the opening balances to the closing balances for the net defined assets / liability and its components.

(i) The discount rate is based on the prevailing market yield on Governmental Securities as at the balance sheet date for the estimate defined obligations.

(ii) The expected return on plan assets is determined considering several applicable factors mainly the composition of the plan assets held, assessed risk of asset management. historical results of the return on plan assets and the Company's policy for plan asset management.

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

(b) Defined contribution plan:
The Company makes contributions for qualifying employees to Provident Fund and other defined contribution plans. During the year, the Company recognised '9.28 million (31 March 2024 : '12.00 million) towards defined contribution plans.

41 SEGMENT INFORMATION
The Company is engaged in the business of manufacturing of decorative aesthetic products primarily for automotive and consumer appliance industry such as automotive dials, overlays, badges and logos. The Managing Director being the Chief Operating Decision Maker (CODM) evaluates the Company's performance and allocates resources based on an analysis of various performance indicators by industry classes. All operating segments operating results are reviewed regularly by CODM to make decisions about resources to be allocated to the segments and assess their performance. CODM believes that these are governed by same set of risks and returns hence, CODM reviews them as one component. Further, the economic environment in which the Company operates is significantly similar and not subject to materially different risk and rewards. The revenues, total expenses and net profit as per the Statement of profit and loss represents the revenue, total expenses and net profit of the sole reportable segment.

A Geographical information
The geographical information analyses the Company's revenue from external customers and non - current assets of its single reportable segment by the Company's country of domicile (i.e. India) and other countries. In presenting the geographical information, segment revenue has been based on the geographical location of the customer and segment assets which have been based on the geographical location of the assets.

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

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

45 OTHER STATUTORY INFORMATION :
i) The Company does not have any Benami property or any proceeding is pending against the Company for holding any Benami property.

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

iii) The Company has not traded or invested in crypto currency or virtual currency during the financial year.

iv) The Company is not classified as willful defaulter.

v) The Company doesn't have any 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.

vi) The Company did not have any transactions with companies struck off under Section 248 of the Companies Act, 2013 or Section 560 of Companies Act, 1956

vii) The Company does not have any investment property during the financial year.

viii) The Company has not granted any loans or advances in the nature of loans to promoters, directors, KMPs and the related parties (as defined under Companies Act,2013), during the financial year which are repayable on demand or without specifying any terms or period of repayment.

ix) The Company has complied with the number of layers prescribed under the Companies Act, 2013.

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

xi) The Company has borrowings from banks and financial institutions on the basis of security of current assets. The quarterly returns or statement of current assets filled by the Company with the banks / financial institutions are in agreement with the books of accounts.

46 EVENTS AFTER REPORTING PERIOD
There have been no material events since the end of the reporting period which would require disclosure or adjustment to the standalone financial statements for the year ended 31 March 2025.