j) Provisions, Contingent liabilities and
Contingent assets

A provision is recognised if, as a result of a past event, the
Company has a present legal or constructive obligation
that can be estimated reliably, and it is probable that an
outflow of economic benefits will be required to settle
the obligation. The amount recognized as a provision is
the best estimate of the consideration required to settle
the present obligation at the balance sheet date, taking
into account the risks and uncertainties surrounding
the obligation.

If the effect of the time value of money is material,
provisions are determined by discounting the expected
future cash flows at a pre-tax rate that reflects current
market assessment of the time value of money and risks
specific to the liability. When discounted, the increase in
provision due to the passage of time is recognized as
finance cost.

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

A contingent asset is not recognised but disclosed in
the standalone financial statements where an inflow of
economic benefit is probable.

Commitments includes the amount of purchase order
(net of advance) issued to counterparties for supplying
/ development of assets and amounts pertaining to
Investments which have been committed but not
called for.

Provisions, contingent assets, contingent liabilities and
commitments are reviewed at each balance sheet date.

Onerous contracts

A contract is considered to be onerous when the expected
economic benefits to be derived by the Company from
the contract are lower than the unavoidable cost of
meeting its obligations under the contract. The provision
for an onerous contract is measured at the present
value of the lower of the expected cost of terminating
the contract and the expected net cost of continuing
with the contract. Before such a provision is made, the
Company recognises any impairment loss on the assets
associated with that contract.

k) Earnings per share

The Company reports basic and diluted earnings
per share in accordance with Ind AS 33 on Earnings
per share.

The basic earnings per share is computed by dividing
profit after tax attributable to the equity shareholders
by the weighted average number of equity shares
outstanding during the reporting period.

Diluted earnings per share is computed by dividing the
net profit after tax by the weighted average number of
equity shares considered for deriving basic earnings
per share and also weighted average number of equity
shares that could have been issued upon conversion
of all dilutive potential equity shares. Dilutive potential
equity shares are deemed converted as of the beginning
of the period, unless issued at a later date. Dilutive
potential equity shares are determined independently for
each period presented. The number of equity shares and
potentially dilutive equity shares are adjusted for bonus
shares, consolidation of shares, etc. as appropriate.

l) Dividend

The Company recognises a liability to pay dividend
to equity holders of the Parent when the distribution

is authorised, and the distribution is no longer at the
discretion of the Company. As per the corporate laws in
India, a distribution is authorised when it is approved by
the shareholders. A corresponding amount is recognised
directly in equity.

m) Cash and cash equivalents

Cash and cash equivalents are short-term highly liquid
investments that are readily convertible into cash with
original maturities of three months or less. Cash and
cash equivalents consist primarily of cash and deposits
with banks.

n) Cash flow statement

Cash flows are reported using the indirect method,
whereby net profit / (loss) before tax is adjusted for
the effects of transactions of non-cash nature and any
deferrals or accruals of past of future cash receipts and
payments. The cash flows from operating, investing and
financing activities of the Company are segregated.

o) New and amended Standards

The Ministry of Corporate Affairs (MCA) notified the
Ind AS 117, Insurance Contracts, vide notification
dated August 12, 2024, under the Companies (Indian
Accounting Standards) Amendment Rules, 2024, which
is effective from annual reporting periods beginning on
or after April 1, 2024.

(i) Ind AS 117 Insurance Contracts is a comprehensive
new accounting standard for insurance contracts
covering recognition and measurement,
presentation and disclosure. Ind AS 117 replaces
Ind AS 104 Insurance Contracts. Ind AS 117 applies
to all types of insurance contracts, regardless of
the type of entities that issue them as well as to
certain guarantees and financial instruments with
discretionary participation features; a few scope
exceptions will apply. Ind AS 117 is based on a
general model, supplemented by:

• A specific adaptation for contracts with
direct participation features (the variable
fee approach

• A simplified approach (the premium allocation
approach) mainly for short-duration contracts

The application of Ind AS 117 does not have a
material impact on the Company's separate financial
statements as the Company has not entered any
contracts in insurance contracts covered under Ind
AS 117.

(ii) Amendments to Ind AS 116 Leases - Lease
Liability in a Sale and Leaseback

The MCA notified the Companies (Indian Accounting
Standards) Second Amendment Rules, 2024, which
amend Ind AS 116, Leases, with respect to Lease
Liability in a Sale and Leaseback.

The amendment specifies the requirements that a
seller-lessee uses in measuring the lease liability

arising in a sale and leaseback transaction, to
ensure the seller-lessee does not recognise any
amount of the gain or loss that relates to the right
of use it retains.

The amendment is effective for annual reporting
periods beginning on or after April 1,2024 and must
be applied retrospectively to sale and leaseback
transactions entered into after the date of initial
application of Ind AS 116.

The amendments do not have a material impact on
the Company's financial statements.

Rights, Preferences and Restrictions attached to Equity Shares:

The Company has one class of Equity Shares having par value of ' 10 per share. Each Shareholder is eligible for one vote
per share held. The dividend proposed by the Board of Directors is subject to the approval of the Shareholders in the ensuing
Annual General Meeting, except in case of interim dividend. In the event of liquidation, the Equity Shareholders are eligible to
receive the remaining assets of the Company after distribution of all preferential amounts, in proportion to their shareholding.

The Company has not issued any bonus shares, non cash issues in the last five financial years.

The Company has not identified any promoters and accordingly the disclosure in shares held by promoters is not applicable.
The determination/identification of promoters for the purpose of presentation under this disclosure has been done on the basis
of information avaialble with the company.

Securities premium

Securities premium is used to record the premium on issue of shares, The reserves is utilised in accordance with the provision
of the Act.

Share Options Outstanding account

The share options outstanding account is used to recognise the grant date fair value of option issued to employees under
employee stock option plan. Information relating to Employee Stock Option Schemes including the details of option issued,
exercised an lapsed during the financial year and options outstanding at the end of the financial year is set out in Note 34

Note 25 : Employee Benefits
I. Defined Contribution Plans
Provident Fund:

The Company makes contribution towards Provident Fund for its employees. The Company's contribution is deposited
with the Government under the provisions of Employees' Provident Fund and Miscellaneous Provisions Act 1952. The
contribution made by the Company is at the rate specified under this Act.

Others:

The Company makes contribution for Employee State Insurance and National Pension Scheme for its employees. All such
contributions are deposited with the Government. The Company also contributes to Superannuation Fund and Pension
Fund for its employees who have been contributing to such funds.

During the year, the Company recognised the following amounts in the Statement of Profit or Loss (included in Note 21 :
Employee Benefit Expenses.

v. Risk associated with Defined benefit Plan

Valuations are performed on certain basic set of pre-determined assumptions and other regulatory framework
which may vary over time. Thus, the Company is exposed to various risks in providing the above gratuity benefit
which are as follows:

Interest Rate risk: The plan exposes the Company to the risk of fall in interest rates. A fall in interest rates will
result in an increase in the ultimate cost of providing the above benefit and will thus result in an increase in the
value of the liability (as shown in financial statements).

Liquidity Risk: This is the risk that the Company is not able to meet the short-term pay-outs. This may arise
due to non availability of enough cash / cash equivalent to meet the liabilities or holding of illiquid assets not
being sold in time.

Salary Escalation Risk: The present value of the defined benefit plan is calculated with the assumption of salary
increase rate of plan participants in future. Deviation in the rate of increase of salary in future for plan participants
from the rate of increase in salary used to determine the present value of obligation will have a bearing on the
plan's liability.

Demographic Risk: The Company has used certain mortality and attrition assumptions in valuation of the liability.
The Company is exposed to the risk of actual experience turning out to be worse compared to the assumption.

Regulatory Risk: Gratuity benefit is paid in accordance with the requirements of the Payment of Gratuity Act,
1972 (as amended from time to time). There is a risk of change in regulations requiring higher gratuity pay-outs
(e.g. Increase in the maximum limit on gratuity of ' 20,00,000).

Asset Liability Mismatching or Market Risk: The duration of the liability is longer compared to duration of
assets, exposing the Company to market risk for volatilities/fall in interest rate.

Investment Risk: The probability or likelihood of occurrence of losses relative to the expected return on any
particular investment.

III. Other long term employee benefits - Compensated absences (Leave encashment):

A. Funding

The leave encashment plan is funded by the Company. The funding requirements are based on a separate actuarial
valuation within the framework set out in the funding policies of the plan. Employees do not contribute to the plan.

B. Reconciliation of net defined benefit (asset)/ liability

The following table shows a reconciliation from the opening balances to the closing balances for the net (asset)/
liability and its components:

v. Risk associated with Defined benefit Plan

Valuations are performed on certain basic set of pre-determined assumptions and other regulatory framework
which may vary over time. Thus, the Company is exposed to various risks in providing the above leave
encashment liability which are as follows:

Interest Rate risk: The plan exposes the Company to the risk of fall in interest rates. A fall in interest rates will
result in an increase in the ultimate cost of providing the above benefit and will thus result in an increase in the
value of the liability (as shown in financial statements).

Liquidity Risk: This is the risk that the Company is not able to meet the short-term pay-outs. This may arise
due to non availability of enough cash / cash equivalent to meet the liabilities or holding of illiquid assets not
being sold in time.

Salary Escalation Risk: The present value of the defined benefit plan is calculated with the assumption of salary
increase rate of plan participants in future. Deviation in the rate of increase of salary in future for plan participants
from the rate of increase in salary used to determine the present value of obligation will have a bearing on the
plan's liability.

Demographic Risk: The Company has used certain mortality and attrition assumptions in valuation of the liability.
The Company is exposed to the risk of actual experience turning out to be worse compared to the assumption.

Asset Liability Mismatching or Market Risk: The duration of the liability is longer compared to duration of
assets, exposing the Company to market risk for volatilities/fall in interest rate.

Investment Risk: The probability or likelihood of occurrence of losses relative to the expected return on any
particular investment.

Note 28 : Disclosures required under Section 22 of the Micro, Small and Medium Enterprises
Development Act, 2006

The Management has identified enterprises which have provided goods and services to the Group and which qualify under the
definition of micro and small enterprises as defined under the Micro, Small and Medium Enterprises Development Act, 2006.
Accordingly, the disclosure in respect of amounts payable to such enterprises as at March 31, 2025 has been made based
on the information available with the Group. Further, in the view of the Management, the impact of interest, if any, that may be
payable in accordance with the Act is not expected to be material. The Group has not received any claim for interest from any
supplier under this Act.

* CSR activties are listed below:

(i) Educational and vocational training for economically weaker students, physically and mentally ill students

(ii) Providing personal safety education

(iii) Training for small scale entrepreneurs

(iv) Healthcare services

(v) Assistance to orphanages and old age homes

Note 31 : Leases

The Company has entered into operating lease agreements for office spaces and printers/photocopiers.

Office spaces taken on lease (Leasehold improvements):

Office spaces in around 100 locations across India have been taken on lease. Lease payments are made monthly and include
specified amenities. The Company has effective control over these office spaces as the Company will be renovating or building
temporary erections as and when required. The lease term ranges from 11 months to 9 years.

Printers, Photocopiers and others:

The Company has applied the exemption in Ind AS 116 for leases of low value assets and has not applied the new standard for
leases of Printer, vehicles and photocopiers. Also, the consideration paid for such leases include both rental and maintenance
charges. For these leases, the lease expenses are accounted on a straight-line basis (based on actual payments) over the
lease term.

During the year, the Company has given some of the premises on sublease basis to its subsidiaries and vice versa. Ind AS 116
requirements have not been applied by treating them as short term leases as the lease term for these contracts are perpetual.

E. Extension Options

Some leases for office spaces contain extension options exercisable by the Company for an additional period ranging
between 11 months to 5 years. Where practicable, the Company seeks to include extension options in new leases to
provide operational flexibility. The extension options held are exercisable only by the Company and not by the lessors. The
Company assesses at lease commencement date whether it is reasonably certain to exercise the extension options. The
Company reassesses whether it is reasonably certain to exercise the options if there is a significant event or significant
changes in circumstances within its control.

I. As a lessee

For measuring the lease liabilities, the Company has discounted lease payments using MCLR rate provided by its
bankers, which is 8.00%.

The Company has used the following practical expedients while applying Ind AS 116 to leases previously classified
as operating lease:

i. The Company did not recognise Right of Use Assets and liabilities for leases of low value assets (eg. Printer,
vehicles and photocopiers).

ii. The Company used hindsight when determining lease term.

iii. The Company applied the exemption not to recognise right-of-use assets and liabilities for leases with less than
12 months of lease term.

iv. The Company has used a single discount rate to a portfolio of leases with reasonably similar characteristics

Note A) Fair value hierarchy used for Investments in Mutual Funds and Government securities - Level 1. Valuation
technique and key inputs - Quoted Net Asset Value/ Prices in active market.

Note B) The Company has not disclosed the fair values for financial assets such as trade receivables, cash and cash
equivalents, other bank balances, loans etc., because their carrying amounts are a reasonable approximation of fair value.

Note C) The Company has not disclosed the fair values for financial liabilities such as trade payables and lease liabilities
because their carrying amounts are a reasonable approximation of fair value.

There are no transfers between Level 2 and Level 3 during the period.

C. Financial risk management

The Company's Board of Directors has overall responsibility for the establishment and oversight of the Company's risk
management framework. The Company's business activities are exposed to a variety of financial risks, namely liquidity
risk, credit risk,market risk. Risk management policies have been established to identify and analyse the risks faced by
the Company, to set and monitor appropriate risk limits and controls, periodically review and reflect the changes in the
policy accordingly.

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

I. Credit Risk:

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instruments fails
to meet its contractual obligations, and arises principally from the Company's receivables from customers and
cash and cash equivalents. The carrying amounts of financial assets represent the maximum credit risk exposure.
Credit risk encompasses both the direct risk of default and the risk of deterioration of credit worthiness as well as
concentration risk.

a) Loans and Advances

This consists of security deposits and advances given to employees. Security deposits are rental deposits
given to lessors and the company assesses deposit balance on a periodical interval and estimated losses are
provided for. The Company also does not expect any losses on the employee advances since they are given
only to permanent employees of the Company.

b) Trade Receivables

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

The Company establishes an allowance for impairment that represents its expected credit losses in respect of
trade and other receivables. The management uses a simplified approach for the purpose of computation of
expected credit losses for trade receivables and an impairment analysis is performed at each reporting date.

The management has established a credit policy under which each new customer is analysed individually for
credit worthiness before the standard payment and delivery terms and conditions are offered. Credit period
varies from customers to customers and it starts from 10 days. The Company review includes external ratings,
customer's credit worthiness, if they are available, and in some cases, bank references.

The Company's customer base comprises of various mutual fund houses and corporates having sound financial
condition. An impairment analysis is performed at each reporting date for invoice wise receivables balances.

c) Cash and cash equivalents and deposits with banks

Cash and cash equivalents of the Company are held with banks which have high credit rating. The Company
considers that the cash and cash equivalents have low credit risk based on the external credit rating of
the counterparties.

d) Investments in mutual funds

The credit risk for investments in mutual funds is considered as negligible as the counterparties are reputable
mutual fund agencies with high external credit ratings.

II. Liquidity Risk:

Liquidity risk is the risk that the Company will face in meeting its obligations associated with its financial liabilities that
are settled by delivering cash or other financial assets. The Company's approach in managing liquidity is to ensure
that it will have sufficient funds to meet its liabilities. In doing this, management considers both normal and stressed
conditions. The Company also monitors the level of expected cash inflows on trade and other receivables together
with expected cash outflows on trade and other payables.

III. Market Risk:

Market risk is the risk of changes in market prices due to foreign exchange rates, interest rates which will affect the
Company's income or the value of its financial instruments. The objective of market risk management is to manage
and control market risk exposures within acceptable parameters, while optimising the return.

(i) Currency Risk:

The functional currency of the Company is INR. The Company has transactions in foreign currency for software
license purchases and consultancy charges, which are denominated in USD. The Company has not entered
into any hedges for currency risk. The Company's foreign currency exposure is limited and is not material to the
size of its operations.

(ii) Price Risk
Exposure

Price risk is the risk that the value of the financial instrument will fluctuate as a result of changes in market
prices and related market variables including interest rate for investments in debt oriented mutual funds and
debt securities, caused by factors specific to an individual investment, its issuer and market. The Company's
exposure to price risk arises from diversified investments in mutual funds and classified in the balance sheet at
fair value through profit or loss.

(iii) 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. Interest rates are sensitive to many factors, including governmental, monetary
and tax policies, domestic and international economic and political considerations, fiscal deficits, trade surpluses
or deficits, regulatory requirements and other factors beyond the Company's control. Changes in the general
level of interest rates can affect the profitability by affecting the spread between, amongst other things, income
which Company receives on investments in debt securities, the value of interest-earning investments, it's ability
to realise gains from the sale of investments. Interest rate risk primarily arises from floating rate investment. The
Company's investments in floating rate are primarily short-term, which do not expose it to significant interest
rate risk.

The expected life of the share options and SARs is based on historical data and current 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 not necessarily be the actual outcome.

The weighted average remaining contractual life for the share options outstanding as at March 31, 2025 was 5 years
(March 31, 2024: NA).

D. Expenses recognised in Statement of Profit or Loss:

For details on the employee benefit expenses, please refer Note 21.

*This includes:

a) Amount of' 3,614.07 lakhs being payable to Google India for cloud services with a minimum commitment over a
period of next 2 years for the new RTA platform ( Re architecture) project.

b) Amount of' 7,261.04 lakhs being payable to Google India for cloud services with a minimum commitment after next
2 years but within 5 years for the new RTA platform ( Re architecture) project.

c) Amount of' 8,400.67 lakhs being payable to Google India for professional services over a period of next 4 years for
the new RTA platform ( Re architecture) project.

d) Amount of ' 1,349.50 lakhs being capital infusion to be made in MFC Technologies Private Limited ((Joint venture).

There are no other amounts required to be disclosed as contingent liabilities on account of pending litigations, other than
the above.

There are no contingent assets resulting from the aforesaid litigation.

Note 37 : Audit trail and Back-up

(i) Back-up

The Company has maintained its books of accounts in electronic mode and these books of accounts are accessible at all
times and the back-up of books of accounts have been kept in services physically located in India on a daily basis except
that such back-up of books of accounts have been taken from April 24, 2024 on account of the fact that the Company has
migrated from legacy accounting software to a new accounting software in the current year.

(ii) Audit trail

During the current year, the Company has migrated from legacy accounting software to a new accounting software for
maintaining its books of account. The new accounting software has a feature of recording audit trail (edit log) facility
however the feature could be enabled only after completing the software migration and testing process.

Accordingly, the feature of recording audit trail (edit log) facility has operated during the period April 7, 2024 to March 31,
2025 at application level and April 25, 2024 to March 31, 2025 at database level for all relevant transactions recorded in
the software. Further, no instance of audit trail feature being tampered with was noted in respect of accounting software
where the audit trail has been enabled. Additionally, in respect of the financial years 2023-2024 and 2024-2025, the
Company has preserved the requirements of recording audit trail to the extent it was enabled and recorded in respect of
those years.

Note 41 : Long Term Contracts

The Company has not entered into any long term contracts and derivative contracts during the period.

Note 42 : Other Statutory notes

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

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

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.

The Company does not have any benami property, where any proceeding has been initiated or pending against the Company for holding any
benami property. Title deeds of immovable property were held in the name of the company.

To the best of our knowledge, the Company does not have any transactions with companies struck off.

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

Note 43 : Utilisation of Borrowed funds and share premium

(A) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of
funds) to any other persons or entities, including foreign entities (Intermediaries) with the understanding (whether recorded in writing
or otherwise) that the Intermediary shall whether 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 provide any guarantee, security or the like to or on behalf of the
Ultimate Beneficiaries.

(B) The company has 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 whether 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 provide any guarantee, security or
the like on behalf of the Ultimate Beneficiaries.

Note 44 : Events after reporting period

At the Company's Board of Directors' meeting held on 05 May 2025, the Board proposed a dividend of Rs.19.50 per share which is subject to
the approval of the Company's shareholders.

Note 45 : Comparative Figures

Comparative figures have been regrouped/ reclassified wherever necessary to correspond with the current year's classification / disclosure.
As per our report of even date attached

For S.R. BATLIBOI & ASSOCIATES LLP For and on behalf of the Board of Directors

Chartered Accountants Computer Age Management Services Limited

ICAI Firm Registration No : 101049W/E300004

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

per Bharath N S Dinesh Kumar Mehrotra Narumanchi Venkata Sivakumar Anuj Kumar

Partner Chairman Director Managing Director

ICAI Membership No : 210934 DIN : 00142711 DIN : 03534101 DIN: 08268864

Sd/- Sd/-

S R Ramcharan G.Manikandan

Chief Financial Officer Company Secretary

Date: May 5, 2025 Date: May 5, 2025

Place: Mumbai Place: Mumbai