I) Provisions, contingent liabilities and contingent
assets Provisions

A provision is recognized if, as a result of a past event,
the Company has a present legal or constructive
obligation that can be estimated reliably, and it is
probable that an outflow of economic benefits will
be required to settle the obligation. 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 assessments of the time value of money and
the risks specific to the liability. Where discounting
is used, the increase in the provision due to the
passage of time is recognized as a finance cost.

Contingent liabilities

A disclosure for a contingent liability is made when
there is a possible obligation or a present obligation
that may, but probably will not, require an outflow of
resources. Where there is a possible obligation or a
present obligation in respect of which the likelihood
of outflow of resources is remote, no provision or
disclosure is made.

Contingent assets

Contingent assets are not recognized in the financial
statements. However, contingent assets are
assessed continually and if it is virtually certain that
an inflow of economic benefits will arise, the asset
and related income are recognized in the period in
which the change occurs.

J) Revenue Recognition

Revenue from contracts with customers

Revenue is recognized when the Company
substantially satisfied its performance obligation
while transferring a promised good or service to its
customers. The Company considers the terms of
the contract and its customary business practices
to determine the transaction price. Performance
obligations are satisfied at the point of time when
the customer obtains controls of the asset.

Revenue is measured based on transaction price,
which is the fair value of the consideration received
or receivable, stated net of discounts, returns and
value added tax. Transaction price is recognised
based on the price specified in the contract, net
of the estimated sales incentives / discounts.
Accumulated experience is used to estimate and
provide for the discounts/ right of return, using the
expected value method.

Other IncomeInterest

Interest Income mainly comprises of dividend
and interest on Margin money deposit with banks
relating to bank guarantee. Interest income should
be recorded using the effective interest rate (EIR).
However, the amount of margin money deposits
relating to bank guarantee are purely current in
nature, hence effective interest rate has not
been applied. Interest is recognized using the time-
proportion method, based on rates implicit in the
transactions.

Dividend

Dividend income is recognized when the Company's
right to receive dividend is established.

K) Government Grants

Government grants are assistance by government
in the form of transfers of resources to an entity
in return for past or future compliance with certain
conditions relating to the operating activities of the
entity. They exclude those forms of government
assistance which cannot reasonably have a value
placed upon them and transactions with government
which cannot be distinguished from the normal
trading transactions of the entity.

Grants related to assets are government grants
whose primary condition is that an entity qualifying
for them should purchase, construct or otherwise
acquire long- term assets. Subsidiary conditions
may also be attached restricting the type or location
of the assets or the periods during which they are to
be acquired or held.

Grants related to income are government grants
other than those related to assets.

A government grant that becomes receivable as
compensation for expenses or losses already incurred
or for the purpose of giving immediate financial
support to the entity with no future related costs
shall be recognised in profit or loss of the period in
which it becomes receivable.

Export incentives in the form of RoDTEP scheme and
power subsidy receivable by the company do not fall
under the scope of Ind AS 115 and are accounted
for in accordance with the provisions of Ind AS
20 considering such incentives as Government
Assistance. Accordingly, government grant relating
to Income on account of power subsidy is recognised
on accrual basis in Profit and Loss statement and
export incentive in the form of RoDTEP scheme
will be accounted on cash basis in Profit and Loss
statement.

L) Borrowing Costs

Borrowing costs consist of interest, ancillary
and other costs that the Company incurs in
connection with the borrowing of funds and interest
relating to other financial liabilities. Borrowing
cost also include Exchange differences arising
from foreign currency borrowings to the extent
that they are regarded as an adjustment to interest
costs. Borrowing costs directly attributable to the
acquisition, construction or production of an asset
that necessarily takes a substantial period of time to
get ready for its intended use or sale are capitalized
as part of the cost of the asset. All other borrowing
costs are expensed in the period in which they occur.

M) Tax Expenses

Tax expense consists of current and deferred tax.
Current income tax

Current income tax assets and liabilities are
measured at the amount expected to be recovered
from or paid to the taxation authorities. The tax
rates and tax laws used to compute the amount are
those that are enacted or substantively enacted, at
the reporting date. Current income tax relating to
items recognised outside the statement of profit
and loss (either in OCI or in equity in correlation
to the underlying transaction). Management
periodically evaluates positions taken in the tax
returns with respect to situations in which applicable
tax regulations are subject to interpretation and
establishes provisions, where appropriate.

Deferred tax

Deferred tax is provided using the liability method
on temporary differences between the tax bases of
assets and liabilities and their carrying amounts for
financial reporting purposes at the reporting date.

Deferred tax liabilities and assets are recognized
for all taxable temporary differences and deductible
temporary differences.

Deferred tax assets are recognised to the extent
that it is probable that taxable profit will be available
against which the deductible temporary differences,
and the carry forward of unused tax credits and
unused tax losses can be utilized.

The carrying amount of deferred tax assets is
reviewed at each reporting date and reduced to the
extent that it is no longer probable that sufficient
taxable profit will be available to allow all or part of
the deferred tax asset to be utilised.

Unrecognised deferred tax assets are re-assessed
at each reporting date and are recognised to the
extent that it has become probable that future
taxable profits will allow the deferred tax asset to be
recovered.

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

Deferred tax relating to items recognised outside
the statement of profit and loss is (either in OCI or in
equity in correlation to the underlying transaction).

Deferred tax assets and deferred tax liabilities are
offset if a legally enforceable right exists to set off
current tax assets against current tax liabilities and
the deferred taxes relate to the same taxable entity
and the same taxation authority.

Minimum alternate tax (MAT) paid in a year is
charged to the statement of profit and loss as current
tax for the year. The deferred tax asset is recognised
for MAT credit available only to the extent that it is
probable that the Company will pay normal income
tax during the specified year, i.e., the year for
which MAT credit is allowed to be carried forward.
In the year in which the Company recognizes MAT
credit as an asset, it is created by way of credit to
the statement of profit and loss and shown as
part of deferred tax asset. The Company reviews the
"MAT credit entitlement" asset at each reporting date
and writes down the asset to the extent that it is no
longer probable that it will pay normal tax during the
specified period.

Goods and Service Tax (GST) paid on acquisition of
assets or on incurring expenses

When the tax incurred on purchase of assets or
services is not recoverable from the taxation
authority, the tax paid is recognised as part of the

cost of acquisition of the asset or as part of the
expense item, as applicable. Otherwise, expenses
and assets are recognized net of the amount of
taxes paid. The net amount of tax recoverable from,
or payable to, the taxation authority is included as
part of receivables or payables in the balance sheet.

N) Leases

The Company assesses at contract inception
whether a contract is, or contains, a lease. That is,
if the contract conveys the right to control the use of
an identified asset for a period of time in exchange
for consideration.

The Company as a lessee

The Company applies a single recognition and
measurement approach for all leases, except for
short-term leases and leases of low-value assets.
The Company recognises lease liabilities to make
lease payments and right-of-use assets representing
the right to use the underlying assets.

Right-of-use assets

The Company recognises right-of-use assets at
the commencement date of the lease (i.e., the date
the underlying asset is available for use). Right-of-use
assets are measured at cost, less any accumulated
depreciation and impairment losses, and adjusted for
any remeasurement of lease liabilities.

The cost of right-of-use assets includes the amount
of lease liabilities recognised, initial direct costs
incurred, and lease payments made at or before
the commencement date less any lease incentives
received.

Right-of-use assets are depreciated on a straight¬
line basis over the shorter of the lease term and the
estimated useful lives of the assets. If ownership of
the leased asset transfers to the Company at the end
of the lease term or the cost reflects the exercise of
a purchase option, depreciation is calculated using
the estimated useful life of the asset.

The right-of-use assets are also subject to
impairment. Refer to the accounting policies in
section of Impairment of non-financial assets.

Lease liabilities

At the commencement date of the lease, the Company
recognises lease liabilities measured at the present
value of lease payments to be made over the lease
term. The lease payments include fixed payments
(including in- substance fixed payments) less any

lease incentives receivable, variable lease payments
that depend on an index or a rate, and amounts
expected to be paid under residual value guarantees.
The lease payments also include the exercise price
of a purchase option reasonably certain to be
exercised by the Company and payments of penalties
for terminating the lease, if the lease term reflects
the Variable lease payments that do not depend on
an index or a rate are recognised as expenses (unless
they are incurred to produce inventories) in the period
in which the event or condition that triggers the
payment occurs.

In calculating the present value of lease payments,
the Company uses its incremental borrowing
rate at the lease commencement date because
the interest rate implicit in the lease is not readily
determinable. After the commencement date, the
amount of lease liabilities is increased to reflect
the accretion of interest and reduced for the lease
payments made. In addition, the carrying amount
of lease liabilities is remeasured if there is a
modification, a change in the lease term, a change in
the lease payments (e.g., changes to future payments
resulting from a change in an index or rate used to
determine such lease payments) or a change in the
assessment of an option to purchase the underlying
asset. The Company's lease liabilities are included in
Borrowings.

Short-term leases and leases of low-value assets

The Company applies the short-term lease
recognition exemption to its short-term leases
(i.e., those leases that have a lease term of 12
months or less from the commencement date and
do not contain a purchase option). It also applies
the lease of low-value assets recognition exemption
to leases that are considered to be of low value.
Lease payments on short-term leases and leases
of low-value assets are recognised as expense on a
straight-line basis over the lease term.

O) Earnings Per Share

Basic earnings per share

Basic earnings per share is calculated by dividing
the net profit or loss for the year attributable to equity
shareholders (after deducting preference dividends
and attributable taxes) by the weighted average
number of equity shares outstanding during the year.

The weighted average number of equity shares
outstanding during the year is adjusted for events
such as bonus issue, bonus element in a rights issue,
share split, and reverse share split (consolidation

of shares) that have changed the number of equity
shares outstanding, without a corresponding change
in resources.

Diluted earnings per share

Diluted earnings per share is computed by dividing
the profit (considered in determination of basic
earnings per share) after considering the effect of
interest and other financing costs or income (net of
attributable taxes) associated with dilutive potential
equity shares by the weighted average number of
equity shares considered for deriving basic earnings
per share adjusted for the weighted average number
of equity shares that would have been issued upon
conversion of all dilutive potential equity shares.

P) Trade receivables

Trade receivables are initially recognized at fair
value and subsequently measured at amortised cost
using effective interest method, less provision for
impairment, if any.

Q) Trade and other payables

These amounts represent liabilities for goods and
services provided to the Company prior to the end
of the financial year which are unpaid. The amounts
are unsecured and are presented as current liabilities
unless payment is not due within twelve months after
the reporting period. They are recognized initially at
fair value and subsequently measured at amortized
cost using the effective interest method.

R) Segment Reporting

The operations of the Company primarily relate to a
single business segment - Coffee and Coffee-related
products.The Company also has an FMCG Products
Division, which encompasses packaged food and
beverage items. However, in accordance with the
requirements of Indian Accounting Standard (Ind
AS) 108 - Operating Segments, the FMCG Products
Division does not meet the prescribed quantitative
thresholds for separate reporting as a distinct
segment. As a result, the segmental reporting is not
applicable to the Company and hence the segment-
wise financial information has not been presented in
the financial statements.

S) Determination of fair values

The Company's accounting policies and disclosures
require the determination of fair value, for certain
financial and non-financial assets and liabilities.
Fair values have been determined for measurement
and/or disclosure purposes based on the following

methods. When applicable, further information about
the assumptions made in determining fair values
is disclosed in the notes specific to that asset or
liability. A fair value measurement of a non-financial
asset takes into account a market participant's ability
to generate economic benefits by using the asset in
its highest and best use or by selling it to another
market participant that would use the asset in its
highest and best use.

i. Property, plant and equipment

Property, plant and equipment, if acquired in a
business combination or through an exchange
of non-monetary assets, is measured at fair
value on the acquisition date. For this purpose,
fair value is based on appraised market values
and replacement cost.

ii. Intangible assets

The fair value of brands, technology related
intangibles, and patents and trademarks
acquired in a business combination is based on
the discounted estimated royalty payments that
have been avoided as a result of these brands,
technology related intangibles, patents or
trademarks being owned (the "relief of royalty
method"). The fair value of customer related,
product related and other intangibles acquired
in a business combination has been determined
using the multi- period excess earnings method
after deduction of a fair return on other assets
that are part of creating the related cash flows.

iii. Inventories

The fair value of inventories acquired in a
business combination is determined based
on its estimated selling price in the ordinary
course of business less the estimated costs
of completion and sale, and a reasonable profit
margin based on the effort required to complete
and sell the inventories.

iv. I nvestments in equity and debt securities and
units of mutual funds

The fair value of marketable equity and debt
securities is determined by reference to their
quoted market price at the reporting date. For
debt securities where quoted market prices
are not available, fair value is determined using
pricing techniques such as discounted cash
flow analysis.

I n respect of investments in mutual funds, the
fair values represent net asset value as stated
by the issuers of these mutual fund units in
the published statements. Net asset values
represent the price at which the issuer will issue
further units in the mutual fund and the price at
which issuers will redeem such units from the
investors.

Accordingly, such net asset values are
analogous to fair market value with respect to
these investments, as transactions of these
mutual funds are carried out at such prices
between investors and the issuers of these
units of mutual funds.

v. Derivatives

The fair value of foreign exchange forward
contracts is estimated by discounting the
difference between the contractual forward
price and the current forward price for the
residual maturity of the contract using a risk¬
free interest rate (based on government bonds).
The fair value of foreign currency option and
swap contracts and interest rate swap contracts
is determined based on the appropriate
valuation techniques, considering the terms of
the contract.

vi. Non-derivative financial liabilities

Fair value, which is determined for disclosure
purposes, is calculated based on the present
value of future principal and interest cash flows,
discounted at the market rate of interest at the
reporting date. For finance leases the market rate
of interest is determined by reference to similar
lease agreements. In respect of the Company's
borrowings that have floating rates of interest,
their fair value approximates carrying value.

T) New standards adopted by the Company

Ind AS 1 - Presentation of Restated financial
information

The amendments require companies to disclose
their material accounting policies rather than their
significant accounting policies. Accounting policy
information, together with other information, is
material when it can reasonably be expected to
influence decisions of primary users of general
purpose financial statements. The Company does
not expect this amendment to have any significant
impact in its standalone financial statement.

Ind AS 12 - Income Taxes

The amendments clarify how companies
account for deferred tax on transactions such as
leases and decommissioning obligations. The
amendments narrowed the scope of the recognition
exemption in paragraphs 15 and 24 of Ind AS 12
(recognition exemption) so that it no longer applies
to transactions that, on initial recognition, give rise to
equal taxable and deductible temporary differences.
The Company does not expect this amendment
to have any significant impact in its standalone
financial statements.

Ind AS 8 - Accounting Policies, Changes in Accounting
Estimates and Errors

The amendments will help entities to distinguish
between accounting policies and accounting
estimates. The definition of a change in accounting
estimates has been replaced with a definition of
accounting estimates. Under the new definition,
accounting estimates are "monetary amounts in
financial statements that are subject to measurement
uncertainty". Entities develop accounting estimates
if accounting policies require items in Restated
financial information to be measured in a way that
involves measurement uncertainty. The Company
does not expect this amendment to have any
significant impact in its standalone financial
statements.

U) New Accounting pronouncements

Ministry of Corporate Affairs ("MCA") notifies new
standards or amendments to the existing standards
under Companies (Indian Accounting Standards)
Rules as issued from time to time. For the year ended
March 31, 2026, MCA has not notified any new
standards or amendments to the existing standards
applicable to the Company.

(iv) Rights, preferences and restrictions attached to equity shares

The Company has only one class of equity shares having a face value of ' 2/- each. Each holder of equity share is entitled to
one vote per share. The Company declares and pays dividends in Indian Rupees. Payment of dividend is also made in foreign
currency to shareholders outside India. The final dividend proposed by the Board of Directors is subject to the approval of
the shareholders in the ensuing Annual General Meeting.

In the event of liquidation of 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.

The Company has not opted for the concessional tax regime under Section 115BAA of the Income-tax Act, 1961. The income tax
expense has been measured using the tax rates applicable under the normal provisions of the Act, including Minimum Alternate
Tax (MAT) under Section 115JB for the years ended 31 March 2026 and 31 March 2025. Details of the major components of tax
expense and the reconciliation of expected tax expense with the reported tax expense in the Statement of Profit and Loss are
given in the table below:

2.29 Leases
Leases as lessee

The Company has lease arrangements for its office premises located at various locations within India. These leases have original
terms for a period between 2-10 periods with renewal option at the discretion of lessee. There are no residual value guarantees
provided to the third parties.

The Company has a defined benefit gratuity plan, according to which every employee who has completed five periods or more
of service gets a gratuity on departure at 15 days salary (last drawn salary) for each completed period of service (service of six
months and above is rounded off as one period) after deduction of necessary taxes at the time of retirement / exit, restricted to a
sum of '2 million in accordance with Payment of Gratuity Act, 1972. The following tables summarize the reconciliation of opening
and closing balances of the present value and defined benefit obligation:

The fair value of the financial assets and financial liabilities are included at an amount at which the instruments could be exchanged
in a current transaction between the willing parties, other than in a forced or liquidation sale.

2.34 Financial risk management objectives and policiesFinancial Risk Management Framework

The Company is exposed to financial risks arising from its operations and the use of financial instruments. The key financial risks
include credit risk, market risk and liquidity risk. The Company's risk management policies are established to identify and analyse
the risks faced by the Company and seek to, where appropriate, minimize potential impact of the risk and to control and monitor
such risks. There has been no change to the Company's exposure to these financial risks or the manner in which it manages and
measures the risks.

The following sections provide details regarding the Company's exposure to the financial risks associated with financial
instruments held in the ordinary course of business and the objectives, policies and processes for management of these risks.

(i) Credit risk

Financial assets that are neither past due nor impaired

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a
financial loss. Credit risk encompasses of both, the direct risk of default and the risk of deterioration of creditworthiness as well
as concentration of risks. Credit risk arises primarily from financial assets such as trade receivables, balances with banks and
loan and other receivables.

Credit risk is controlled by analysing credit limits and creditworthiness of customers on a continuous basis to whom the credit
has been granted after obtaining necessary approvals for credit. Financial instruments that are subject to concentrations of credit
risk principally consist of trade receivables, cash and bank balances and loans. None of the financial instruments of the Company
result in material concentration of credit risk.

Exposure to credit risk

At the end of the reporting period, the Company's maximum exposure to credit risk is represented by the carrying amount of each
class of financial assets recognised in the statement of financial position. No other financial assets carry a significant exposure
to credit risk.

None of the Company's cash equivalents, loans and other financial assets were either past due or impaired as at the respective
reporting period. The Company has diversified its portfolio of investment in cash and cash equivalents and term deposits with
various banks which have secure credit ratings, hence the risk is reduced. Loans given to related parties and others are tested for
impairment where there is an indicator and the assessed credit risk associated with such loans is relatively low. Other financial
assets represent security deposits given to lessors and other assets. Credit risk associated with such deposits and other assets
is relatively low.

Ind AS requires expected credit losses to be measured through a loss allowance. The Company assesses at each balance sheet
date whether a financial asset or a group of financial assets are impaired. Expected credit losses are measured at an amount
equal to the 12 month expected credit losses or at an amount equal to the life time expected credit losses if the credit risk on the
financial asset has increased significantly since initial recognition. The Company has used a practical expedient by computing the
expected credit loss allowance for trade receivables based on a provision matrix if they are past due. The provision matrix takes
into account historical credit loss experience and is adjusted for forward-looking information.

(ii) Liquidity risk

Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The objective of liquidity risk management
is to maintain sufficient liquidity and ensure that funds are available for use as per requirements. The Company manages liquidity
risk by maintaining cash and cash equivalents and the cash flows generated from operations.

The table below summarises the maturity profile of the Company's financial liabilities based on contractual undiscounted
payments:

(iii) Market risk:

Market risk is the risk that changes in market prices, such as foreign exchange rates and interest rates will affect the Company's
income. Market risk is attributable to all market risk sensitive financial instruments including foreign currency receivables and
payables. The objective of market risk management is to manage and control market risk exposures within acceptable parameters,
while optimising the return.

(a) Foreign currency risk:

Foreign currency risk is the risk that the value of a financial instrument will fluctuate due to changes in foreign exchange rates. The
majority of Company's revenue is generated in foreign currencies (primarily in United States Dollars), while a significant portion
of its costs are in Indian rupees. As a result, as the rupee appreciates or depreciates against foreign currencies, the results of the
entity's operations are impacted. The Company does not use financial derivatives such as foreign currency forward contracts.

(b) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of the Company and the Company's financial instruments
will fluctuate because of changes in market interest rates. The Company's exposure to interest rate risk relates primarily to
the floating interest rate borrowings. The Company's investment in deposits with banks and loans are fixed interest rates and
therefore do not expose the Company to significant interest rate risk.

The Company's exposure to changes in interest rates relates primarily to the Company's outstanding floating rate borrowings. The
exposure of the Company to variable rate borrowings at the end of the reporting period are as follows:

Interest rate sensitivity

The Company noted that any reasonably possible change in interest rates on the variable rate instruments will not have any
material impact on the Company's profit after tax and its equity.

(c ) Price risk

The fair value of some of the Company's investments measured at fair value through other comprehensive income exposes
the Company to equity price risks. These investments are subject to changes in the market price of securities. The Company
periodically monitors the sectors it has invested in, performance of the investee companies, measures mark- to- market gains/
losses and reviews the same to manage the price risk.

2.35 Capital risk management

Capital includes equity capital and all reserves attributable to the equity holders of the Company. The primary objective of the
capital management is to ensure that it maintain an efficient capital structure and healthy capital ratios in order to support its
business and maximise shareholder's value. The Company manages its capital structure and make adjustments to it, in light
of changes in economic conditions or its business requirements. To maintain or adjust the capital structure, the Company may
adjust the dividend payment to shareholders, return capital to shareholders or issue new shares.

The Company monitors capital using a debt to capital employed ratio which is debt divided by total capital plus debt. The
Company's policy is to keep this ratio at an optimal level.

2.37 Additional disclosures

(i) No proceedings have been initiated on or are pending against the Company for holding benami property under the Benami
Transactions Prohibition Act, 1988 (45 of 1988) and Rules made thereunder.

(ii) The Company have not been declared wilful defaulter by any bank or financial institution or government or any government
authority.

(iii) No transactions are carried out with companies struck off under Section 248 of the Act or Section 560 of Companies Act,
1956.

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

(v) There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under the
Income Tax Act, 1961, that has not been recorded in the books of account.

(vi) The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.

(vii) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities
(Intermediaries) with the understanding that the Intermediary shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the
Company (Ultimate Beneficiaries) or

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

(viii) The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the
understanding (whether recorded in writing or otherwise) that the Company shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the
Funding Party (Ultimate Beneficiaries) or

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

(ix) There are no charges or satisfaction which are yet to be registered with the registrar of companies beyond the statutory
period.

(x) Previous period's figures have been regrouped / rearranged, to the extent necessary, to conform to current period's
classifications. All the numbers have been rounded of to nearest lakhs.

2.38 The Ministry of Corporate Affairs (MCA) has prescribed a new requirement for companies under the proviso to Rule 3(1)
of the Companies (Accounts) Rules, 2014 inserted by the Companies (Accounts) Amendment Rules 2021 requiring companies,
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 Company, in respect of financial year commencing on 1 April 2023 has used an accounting software for maintaining its books
of account which has a feature of recording audit trail (edit log). Audit trail (edit log) is enabled at the application level, and the
Company's users have access to perform transactions only from the application level.

2.39 Employee stock incentive plansCCL Employee Stock Option Scheme, 2022 (CCL ESOP 2022 Plan):

The Company instituted the CCL ESOP 2022 Plan for eligible employees pursuant to the special resolution approved by the
shareholders in the Annual General Meeting held on August 30, 2022. The CCL ESOP 2022 Plan covers eligible employees
(excluding promoter directors) of the parent company and its subsidiaries (collectively referred to as "eligible employees").

The Nomination and Remuneration Committee of the Board of the parent company (the "Committee") administers the CCL
Employee Stock Option Scheme, 2022 and grants stock options to eligible employees. The Committee determines which eligible
employees will receive options, the number of options to be granted, the exercise price, the vesting period and the exercise period.
The vesting period is determined for all options issued on the date of grant. The options issued under the CCL ESOP 2022 Plan
vest in periods ranging between one and four years subject to a maximum period of five years from the date of grant of such
options.

The company has established CCL Employee Stock Option Scheme, 2022 (CCL ESOP 2022 Plan) with 5,00,000 equity shares.

The exercise price of the options is INR 2 per share. The fair value of the share options is estimated at the grant date using a Black-
Scholes Method, taking into account the terms and conditions upon which the share options were granted. However, the above
performance condition is only considered in determining the number of instruments that will ultimately vest.

The carrying amount of the liability at 31 March 2026 was INR 2,327.46 Lakhs (31 March 2025: INR 2,273.19 Lakhs).

The expense recognised for employee services received during the year is shown in the following table:

During the year a reserve was made towards outstanding of ESOPs and Share based payment expenses for the year ended 31
March 2026 of INR 2,327.46 lakhs (31 March 2025 - INR 2273.19 lakhs).

The Weighted average grant date fair value of the options granted during the years ended 31 March 2026 was INR 560.53 per
option, 31 March 2025 was INR 616.03 per option .

The following tables list the inputs to the models used for the three plans for the years ended 31 March 2026 and 31 March 2025,
respectively: