4.7 Provisions, contingent liabilities and contingent assets

Provisions are recognized only when there is a present obligation, as a result of past events, and when a reliable estimate of the
amount of obligation can be made at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect
the current best estimates. Provisions are discounted to their present values, where the time value of money is material.

Contingent liability is disclosed for:

• Possible obligations which will be confirmed only by future events not wholly within the control of the Company or

• Present obligations arising from past events where it is not probable that an outflow of resources will be required to settle the
obligation or a reliable estimate of the amount of the obligation cannot be made.

Contingent assets are neither recognized nor disclosed. However, when realization of income is virtually certain, related asset is
recognized.

4.8 Share based payments

Share based compensation benefits are provided to employees via Employee Stock Option Plans (ESOPs). The employee benefit
expense is measured using the fair value of the employee stock options and is recognized over vesting period with a corresponding
increase in equity. The vesting period is the period over which all the specified vesting conditions are to be satisfied. On the exercise
of the employee stock options, the employees of will be allotted equity shares of the Company.

4.9 Employee benefits

Defined contribution plan

The Company's contribution to provident fund and employee state insurance schemes is charged to the statement of profit and loss or
inventorized as a part of real estate project under development, as the case may be. The Company's contributions towards Provident
Fund are deposited with the Regional Provident Fund Commissioner under a defined contribution plan.

Defined benefit plan

The Company has unfunded gratuity as defined benefit plan where the amount that an employee will receive on retirement is defined
by reference to the employee's length of service and final salary. The liability recognized in the balance sheet for defined benefit plans
as the present value of the defined benefit obligation (DBO) at the reporting date. Management estimates the DBO annually with
the assistance of independent actuaries. Actuarial gain/losses resulting from re-measurements of the liability are included in other
comprehensive income.

Other long term employee benefits

The Company also provides benefit of compensated absences to its employees which are in the nature of long -term employee
benefit plan. Liability in respect of compensated absences becoming due and expected to be availed more than one year after the
balance sheet date is estimated on the basis of an actuarial valuation performed by an independent actuary using the projected unit
credit method as on the reporting date. Actuarial gains and losses arising from experience adjustments and changes in actuarial
assumptions are recorded in the statement of profit and loss in the year in which such gains or losses arise.

Short-term employee benefits

Short-term employee benefits comprise of employee costs such as salaries, bonus etc. is recognized on the basis of the amount paid
or payable for the period during which services are rendered by the employee.

4.10 Significant management judgement in applying accounting policies and estimation uncertainty

The preparation of the Company's financial statements requires management to make judgements, estimates and assumptions that
affect the reported amounts of revenues, expenses, assets and liabilities and the related disclosures.

Significant management judgements

Recognition of deferred tax assets - The extent to which deferred tax assets can be recognized is based on an assessment of the
probability of the Company's future taxable income against which the deferred tax assets can be utilized.

Evaluation of indicators for impairment of assets - The evaluation of applicability of indicators of impairment of assets requires
assessment of several external and internal factors which could result in deterioration of recoverable amount of the assets.

Recoverability of advances/receivables - At each balance sheet date, based on historical default rates observed over expected life, the
management assesses the expected credit losses on outstanding receivables and advances.

Fair value measurements - Management applies valuation techniques to determine the fair value of financial instruments (where
active market quotes are not available). This involves developing estimates and assumptions consistent with how market participants
would price the instrument.

Provisions - At each balance sheet date basis the management judgment, changes in facts and legal aspects, the Company assesses
the requirement of provisions against the outstanding contingent liabilities. However the actual future outcome may be different
from this judgement.

Significant estimates

Useful lives of depreciable/amortisable assets - Management reviews its estimate of the useful lives of depreciable/amortisable
assets at each reporting date, based on the expected utility of the assets. Uncertainties in these estimates relate to technical and
economic obsolescence that may change the utilisation of assets.

Defined benefit obligation (DBO) - Management's estimate of the DBO is based on a number of underlying assumptions such as
standard rates of inflation, mortality, discount rate and anticipation of future salary increases. Variation in these assumptions may
significantly impact the DBO amount and the annual defined benefit expenses.

v During the financial year ended 31 March 2023, the Company issued and allotted 1,11,16,690 equity shares of face value ^ 2 each to
the shareholders of SORIL Infra Resources Limited(Transfereor Company 6) in the ratio of, for every 1 (one) equity share of Transferor
Company 6 of face value of ^ 10/- each held in Transferor Company 6 to 1 (one) equity share of face value ^ 2 each of the Company,
credited as fully paid up (Refer note 12 C).

vi Rights, preferences and restrictions attached to equity shares

The holders of equity shares are entitled to receive dividends as declared from time to time, and are entitled to one vote per share
at meetings of the Company. In the event of liquidation of the Company, all preferential amounts, if any, shall be discharged by the
Company, the remaining assets of the Company shall be distributed to the holders of equity shares in proportion to the number of
shares held to the total equity shares outstanding as on that date. All shares rank equally with regard to the Company's residual assets,
except that holders of preference shares participate only to the extent of the face value of the shares.

C Merger Note:-

(a) A Composite Scheme of Amalgamation and Arrangement ("scheme") was filed by Albasta Wholesale Services Limited ("Transferor
Company 1"), Sentia Properties Limited ("Transferor Company 2"), Lucina Infrastructure Limited ("Transferor Company 3"),
Ashva Stud and Agricultural Farms Limited ("Transferor Company 4"), Mahabala Infracon Private Limited ("Transferor Company
5"), SORIL Infra Resources Limited ("Transferor Company 6"), Store One Infra Resources Limited ("Transferor Company 7"),
Yaari Digital Integrated Services Limited ("the Company/Transferee Company/Demerging Company 1"), Indiabulls Enterprises
Limited ("Resulting Company 1"), Indiabulls Pharmaceuticals Limited ("Demerging Company 2") and Indiabulls Pharmacare
Limited (" Resulting Company 2"). The rationale of the scheme is:

- the merger of the Transferring Companies with the Transferee Company,

- the demerger of the Infrastructure Solutions Business of the Demerging Company 1 into the Resulting Company 1, and

- demerger of the Pharma Business of the Demerging Company 2 into the Resulting Company 2

(b) The scheme was approved by the Hon'ble National Company Law Tribunal (NCLT), Chandigarh Bench and was made effective
on 03 August 2022.

(c) The appointed date of the scheme is 01 April 2019.

(d) The Company accounted for the scheme under pooling of interest method.

1. Upon the merger of the Transferring Companies with the Transferee Company

(a) With effect from the Appointed Date (and consequent to transfer of the existing authorised share capital
of Transferring Companies in accordance with the Scheme), the authorised share capital of the Company of ^
1,100,000,000 (divided into 400,000,000 equity shares of ^ 2 each and 30,000,000 preference shares of ^ 10 each)
shall stand enhanced by ^ 2,882,500,000 (divided into 1,171,250,000 equity shares of ^ 2 each and 54,000,000
preference shares of ^ 10 each).

(b) In consideration of the amalgamation of the Transferor Company 6, the Company issued and allotted 1,11,16,690 equity
shares of face value ^ 2 each to the shareholders of Transferor Company 6 other than the Transferee Company in the
ratio of, for every 1 (one) equity share of Transferor Company 6 of face value of ^ 10/- each held in Transferor Company
6 to 1 (one) equity share of face value ^ 2 each of the Transferee Company, credited as fully paid up.

(c) The share capital of the Transferor Companies to the extent held by the Transferee Company as on the Appointed
Date and any further share capital held by the Transferee Company in the Transferor Companies thereafter (being
shares held in the Transferor Companies) stands cancelled.

(d) The investment of Transferee Company in Transferor Companies stands cancelled.

(e) All the inter-company payables and receivables between the Transferring Companies and the Transferee Company
stands cancelled.

2. Upon the demerger of the Infrastructure Solutions Business of the Demerging Company 1 into the Resulting Company 1 :

(a) Upon the Scheme coming into effect and with effect from the Appointed Date (and consequent to transfer of a
part of the existing authorised share capital of Demerging Company 1 to the Resulting Company 1), the authorised
share capital of the Demerging Company 1 shall stand reduced by ^ 699,000,000 comprising 339,500,000 equity
shares of ^ 2 each and 20,00,000 preference shares of ^ 10 each. Such reduced authorised share capital shall stand
transferred to the Resulting Company 1.

(i) Nature and purpose of other reserves
General reserve

The Company is required to create a general reserve out of the profits when the Company declares dividend to shareholders.

Capital reserve

The Company has issued share warrants in the earlier years. This reserve is created on account of forfeiture of share application
money received on account of issuance of share warrants as share warrants holders did not exercise their rights.

Deferred employee compensation reserve

The reserve is used to recognized the expenses related to stock option issued to employees under Holding Company's employee stock
option plans.

Securities premium

Security premium is used to record the premium on issue of shares. The reserve is utilised in accordance with the provisions of
Companies Act, 2013.

Treasury Shares

The Company had created "Surya Employee Welfare Trust" (formerly known as Indiabulls Integrated Employee Welfare Trust)
("Surya-EWT") for the implementation of schemes namely employees stock options plans, employees stock purchase plan and stock
appreciation rights plan. The Company treats Surya-EWT as its extension and the Company's own shares held by Surya-EWT are treated
as treasury shares. The premium over face value of the acquired treasury shares are presented as a deduction from the securities
premium reserve. The original cost of treasury shares and the proceeds of any subsequent sale are presented as movements in equity.

Investment in subsidiaries and associates are measured at cost as per Ind AS 27, 'Separate financial statements'.

* These financial assets are mandatorily measured at fair value.

# These financial assets represents investment in equity instruments designated as such upon initial recognition.

ii) Financial instruments measured at amortised cost

For amortised cost instruments, carrying value represents the best estimate of fair value except for long-term financial assets.

iii) Risk Management

The Company's activities expose it to market risk, liquidity risk and credit risk. The Company's board of directors has overall
responsibility for the establishment and oversight of the Company's risk management framework. This note explains the sources of
risk which the entity is exposed to and how the entity manages the risk and the related impact in the financial statements.

(A) Credit risk

Credit risk is the risk that a counterparty fails to discharge its obligation to the Company. The Company's exposure to credit
risk is influenced mainly by cash and cash equivalents, trade receivables and financial assets measured at amortised cost. The
Company continuously monitors defaults of customers and other counterparties and incorporates this information into its
credit risk controls.

(B) Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the 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.

Management monitors rolling forecasts of the Company's liquidity position and cash and cash equivalents on the basis of
expected cash flows. The Company takes into account the liquidity of the market in which the entity operates.

Maturities of financial liabilities

The tables below analyse the Company's financial liabilities into relevant maturity groupings based on their contractual
maturities.

Note - 29

(a) The inter corporate deposit to subsidiaries has been extended to give the financials support. The Company have not credit impaired
any of its inter corporate deposits.

(b) As at 31 March 2024, the financial assets of the Company constitute more than fifty percent of its total assets (netted off by intangible
assets) and income from financial assets constitutes more than fifty percent of the gross income of the Company for the year ended
31 March 2024. The Company has submitted the application with the Reserve Bank of India for grant of certificate of registration as
Core Investment Company.

Note - 33

Contingent liabilities and Commitment

A. Summary of contingent liabilities

The Company has certain litigation cases pending. However, based on legal advice, the management does not expect any unfavourable
outcome resulting in material adverse effect on the financial position of the Company.

As per best estimate of the management, no provision is required to be made in respect of any present obligation as a result of a past
event that could lead to a probable outflow of resources, which would be required to settle the obligation.

B. Commitments

The Company has committed to provide the financial support to all its subsidiaries.

Note - 34

Share based payments

A. Yaari Digital Integrated Services Limited Employees Stock Options Scheme - 2011

The Company established the Yaari Digital Integrated Services Limited Employees Stock Options Scheme - 2011 ("YDISL ESOS"). Under
the Plan, the Company granted 45,66,600 equity settled options to its eligible employees during the financial year 2017-18 which
gave them a right to subscribe up to 45,66,600 stock options representing an equal number of equity shares of face value of ^2
each of the Company at an exercise price of ^105.20 per option, subject to the requirements of vesting. A compensation committee
constituted by the Board of Directors of the Company administers the Plan. The stock options so granted, shall vest in the eligible
employees within 5 years beginning from 03 November 2018, the first vesting date. The stock options granted under each of the slabs
are exercisable by the option holders within a period of five years from the relevant vesting date.

B. Yaari Digital Integrated Services Limited - Employee stock benefit Scheme 2018

(i). During the financial year 2018-19, the Company established an Employees Stock Option Plan, which is called now "Yaari Digital
Integrated Services Limited - Employee Stock Benefit Scheme 2018" ("ESOP Plan 2018"). Under the Plan, the Company had
granted 10,00,000 equity settled options to its eligible employees which gave them a right to subscribe up to 10,00,000 stock
options representing an equal number of equity shares of face value of ^2 each of the Company at an exercise price of ^489.35
per option, subject to the requirements of vesting. A compensation committee constituted by the Board of Directors of the
Company administers the Plan. The stock options so granted, shall vest in the eligible employees within 5 years beginning from
10 August 2019, the first vesting date. The stock options granted under each of the slabs are exercisable by the option holders
within a period of five years from the relevant vesting date.

Note - 35

Segment Reporting

The Company's primary business segment is reflected based on principal business activities carried on by the Company. As per Indian
Accounting Standard 108 as notified under the Companies (Indian Accounting Standards) Rules, 2015 as specified in Section 133 of the
Companies Act, 2013, the Company operates in one reportable business segment and is primarily operating in India and hence, considered
as single geographical segment. The Company carries on different business through investment in subsidiaries.

Note - 37

Code of Social Security,2020

The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the Company towards
Provident Fund and Gratuity. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on
November 13, 2020, and has invited suggestions from stake holders which are under active consideration by the Ministry. Based on an
initial assessment by the Company, the additional impact on Provident Fund contributions by the Company is not expected to be material,
whereas, the likely additional impact on Gratuity liability/ contributions by the Company and its Indian subsidiaries could be material. The
Company will complete its evaluation once the subject rules are notified and will give appropriate impact in the financial results in the
period in which, the Code becomes effective and the related rules to determine the financial impact are published.

Note - 38

Business Combinations '

(a) A Composite Scheme of Amalgamation and Arrangement ("scheme") was filed by Albasta Wholesale Services Limited ("Transferor
Company 1"), Sentia Properties Limited ("Transferor Company 2"), Lucina Infrastructure Limited ("Transferor Company 3"), Ashva Stud
and Agricultural Farms Limited ("Transferor Company 4"), Mahabala Infracon Private Limited ("Transferor Company 5"), SORIL Infra
Resources Limited ("Transferor Company 6"), Store One Infra Resources Limited ("Transferor Company 7"), Yaari Digital Integrated
Services Limited ("the Company/Transferee Company/Demerging Company 1"), Indiabulls Enterprises Limited ("Resulting Company
1"), Indiabulls Pharmaceuticals Limited ("Demerging Company 2") and Indiabulls Pharmacare Limited (" Resulting Company 2"). The
rationale of the scheme is:

- the merger of the Transferring Companies with the Transferee Company,

- the demerger of the Infrastructure Solutions Business of the Demerging Company 1 into the Resulting Company 1, and

- demerger of the Pharma Business of the Demerging Company 2 into the Resulting Company 2

(b) The scheme was approved by the Hon'ble National Company Law Tribunal (NCLT), Chandigarh Bench and was made effective on 03
August 2022.

(c) The appointed date of the scheme is 01 April 2019.

(d) The Company accounted for the scheme under pooling of interest method.

Step-1 : Upon the merger of the Transferring Companies with the Transferee Company

(a) With effect from the Appointed Date (and consequent to transfer of the existing authorised share capital of Transferring Companies in
accordance with the Scheme), the authorised share capital of the Company of ^ 1,100,000,000 (divided into 400,000,000 equity shares
of ^ 2 each and 30,000,000 preference shares of ^ 10 each) shall stand enhanced by ^ 2,882,500,000 (divided into 1,171,250,000
equity shares of ^ 2 each and 54,000,000 preference shares of ^ 10 each).

(b) In consideration of the amalgamation of the Transferor Company 6, the Company issued and allotted 1,11,16,690 equity shares of
face value ^ 2 each to the shareholders of Transferor Company 6 other than the Transferee Company in the ratio of, for every 1 (one)
equity share of Transferor Company 6 of face value of ^ 10/- each held in Transferor Company 6 to 1 (one) equity share of face value
^ 2 each of the Transferee Company, credited as fully paid up.

(c) The share capital of the Transferor Companies to the extent held by the Transferee Company as on the Appointed Date and any further
share capital held by the Transferee Company in the Transferor Companies thereafter (being shares held in the Transferor Companies)
stood cancelled.

(d) The investment of Transferee Company in Transferor Companies stood cancelled.

(e) All the inter-company payables and receivables between the Transferring Companies and the Transferee Company stood cancelled.

(f) The Balance sheet of Yaari Digital Integrated Services Limited post the effect of Step-1 as above is as follows:

Step-2 : Upon the demerger of the Infrastructure Solutions Business of the Demerging Company 1 into the Resulting Company 1

(a) Upon the Scheme coming into effect and with effect from the Appointed Date (and consequent to transfer of a part of the existing
authorised share capital of Demerging Company 1 to the Resulting Company 1), the authorised share capital of the Demerging
Company 1 shall stand reduced by ^ 699,000,000 comprising 339,500,000 equity shares of ^ 2 each and 20,00,000 preference shares
of ^ 10 each. Such reduced authorised share capital shall stood transferred to the Resulting Company 1.

(b) Upon the coming into effect of the Scheme, and in consideration of the demerger of the Infrastructure Solutions Business of the
Demerging Company 1 into the Resulting Company 1, the Resulting Company 1 shall, issue and allot to the shareholders of Demerging
Company 1 shares of the Resulting Company 1, in the share entitlement ratio of 1:1.

Note - 39

Composite Scheme of Arrangement

In line with the long term business objectives to further accelerate the scaling up of the operations and to provide synergy of consolidated
business operations and management and to streamline the operations of the Company and /or its identified subsidiaries to have a simplified
and streamlined holding structure with pooled resources, the Board of Directors of the Company, subject to all applicable statutory and
regulatory approvals, including approval from the stock exchanges, SEBI, shareholders and creditors of the Holding Company and its
subsidiary companies; and the jurisdictional bench of the National Company Law Tribunal ("NCLT"), had approved a composite Scheme
of Arrangement inter-alia involving Amalgamation of Indiabulls Enterprises Limited and Dhani Services Limited ("DSL") along with certain
subsidiary companies of DSL with and into Yaari Digital Integrated Services Limited ("Amalgamated Company" / "Resulting Company")
(the "Scheme"). The Competition Commission of India has approved the proposed Scheme of Arrangement under Section 31(1) of the
Competition Act, 2002. On receipt of No Observation Letters from BSE Limited and National Stock Exchange of India Limited on March 01,
2024 and March 04, 2024, respectively, the First Motion Application was filed with the National Company Law Tribunal, Chandigarh Bench
on April 10, 2024. In Compliance with NCLT Order dated January 29, 2025, meeting of Equity Shareholders of Dhani Services Limited, Yaari
Digital Integrated Services Limited and Indiabulls Enterprises Limited and meeting of Unsecured Creditors of Indiabulls Enterprises Limited
were convened on March 29, 2025, wherein the shareholders and unsecured creditors have passed the resolutions with requisite majority
approving the Scheme. Thereafter, NCLT appointed Chairperson filed its consolidated report on these meetings on April 01, 2025 to Hon'ble
NCLT, Chandigarh Bench. Further, the Second Motion Petition was filed with the Hon'ble NCLT, Chandigarh Bench on April 07, 2025.

Note - 40

Details with respect to the Benami properties

No proceedings have been initiated or pending against the entity under the Benami Transactions (Prohibitions) Act, 1988 for the year ended
31 March 2025 and 31 March 2024.

Note - 41

Undisclosed income

There is no such income which has not been disclosed in the books of accounts. No such income is surrendered or disclosed as income
during the year ended 31 March 2025 and 31 March 2024 in the tax assessments under Income Tax Act, 1961.

*The variance is due to increase in current liabilities.

Following ratios are not applicable:

1. Debt Service coverage ratio is not applicable as the Company has incurred losses in the year ended 31 March 2025 and 31 March 2024.

2. Debt equity ratio is not applicable as the Company has negative Equity as on 31 March 2025 and 31 March 2024.

3. Return on Equity is not applicable as the Company has negative Equity as on 31 March 2025 and 31 March 2024.

4. Trade receivables turnover ratio is not applicable as the Company does not have any trade receivables during the year ended 31
March 2025 and the year 31 March 2024.

5. Trade payables turnover ratio is not applicable as the Company has not made any purchases during the year ended 31 March 2025
and 31 March 2024.

6. Net profit ratio is not applicable as the Company has incurred losses during the year ended 31 March 2025 and 31 March 2024.

7. Return on Capital Employed is not applicable as the Company has negative Equity as on 31 March 2025 and 31 March 2024.

8. Inventory turnover ratio is not applicable as the Company has no inventory during the year ended 31 March 2025 and the year ended
31 March 2024.

9. Return on investment is not applicable as the Company has not earned any income on investments during the year ended 31 March
2025 and 31 March 2024.

10. Net capital Turnover ratio is not applicable as there is no revenue in the year ended 31 March 2025 and 31 M arch 2024.

Note - 44
Wilful Defaulter

No bank or financial institution has declared the company as "Wilful defaulter" during the year ended 31 March 2025 and 31 March 2024.

Note - 45

Details in respect of Utilization of Borrowed funds and share premium

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 funding party ("Ultimate Beneficiaries") or provide
any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

Note - 46

Compliance with number of layers of companies

The company has complied with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction
on number of Layers) Rules, 2017 and no layers of companies has been established beyond the limit prescribed as per above said section /
rules, during the year ended 31 March 2025 and 31 March 2024.

Note - 47

Loan or advances granted to the promoters, directors and KMPs and the related parties

Loan or advances in the nature of loans are granted to the promoters, directors, key managerial persons and the related parties (as defined
under Companies Act, 2013), either severally or jointly with any other person, during the year ended 31 March 2025 and 31 March 2024,
that are repayable on demand.

Compensated absence

The leave obligations cover the Company's liability for permitted leaves. The amount of provision of ^0.00 crores (31 March 2024 - ^0.00 crores)
is presented as current, since the Company does not have an unconditional right to defer settlement for any of these obligations. However based
on past experience, the Company does not expect all employees to take the full amount of accrued leave or require payment within the next 12
months, therefore based on the independent actuarial report, only a certain amount of provision has been presented as current and remaining as
non-current. The weighted average duration of the defined benefit obligation is 19.10 years (31 March 2024: 19.69 years).

Gratuity

The Company provides for gratuity for employees in India as per the Payment of Gratuity Act, 1972. Employees who are in continuous
service for a period of 5 years are eligible for gratuity. The amount of gratuity payable on retirement/termination is the employee's last
drawn basic salary per month computed proportionately for 15 days salary multiplied for the number of years of service. Gratuity plan is a
non-funded plan. The weighted average duration of the defined benefit obligation is 19.10 years (31 March 2024: 19.69 years)

Note - 49
Audit Trail

As per the Ministry of Corporate Affairs (MCA) notification, proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014, for the financial
year commencing 1 April 2023, every company which uses accounting software for maintaining its books of account, shall use only such
accounting software which has a feature of recording audit trail of each and every transaction, creating an edit log of each change made
in the books of account along with the date when such changes were made and ensuring that the audit trail cannot be disabled. The
interpretation and guidance on what level edit log and audit trail needs to be maintained evolved during the year and continues to evolve.

The Company has used accounting software for maintaining its books of account for the year, which has feature of recording audit trail
(edit log) facility at application level as well as database level and the same has operated throughout the year for all relevant transactions
recorded in the software. Recording of audit trail (edit logs) can be disabled using restricted privileged rights for direct data changes at
database level, only by the developer. Since the company has other necessary controls in place, which are operating effectively, this feature
will not adversely impact its data and audit log retention directly at database level.

Furthermore, the audit trail has been preserved by the Company as per the statutory requirements for record retention.

Note - 50
Other matters

a. The Company has not entered into any derivative instrument during the year. The Company does not have any foreign currency
exposures towards receivables, payables or any other derivative instrument that have not been hedged.

b. In respect of amounts as mentioned under Section 125 of the Companies Act, 2013, there were no dues required to be credited to the
Investor Education and Protection Fund as at 31 March 2025 and 31 March 2024.

c. In the opinion of the Board of Directors, all current assets and long term loans & advances, appearing in the balance sheet as at 31
March 2025, have a value on realization, in the ordinary course of the Company's business, at least equal to the amount at which
they are stated in the financial statements. In the opinion of the board of directors, no provision is required to be made against the
recoverability of these balances.

For RAJ GIRIKSHIT & ASSOCIATES For and on behalf of the Board of Directors

Chartered Accountants
Firm's Registration No.: 022280N

GAURAV GOYAL KUBEIR KHERA SUPRIYA BHATNAGAR

Partner Executive Director & CEO Independent Director

Membership No.: 518698 [DIN:03498226] [DIN: 08731453]

Place : Gurugram SACHIN GHANGHAS AKHIL MALHOTRA

Date : 18 April 2025 Company Secretary Chief Financial Officer