a) Transition to Ind AS

On transition to Ind AS (i.e. April 1, 2015), the Company has elected to continue with the carrying value of all property, plant and equipment measured as per the previous GAAP as the deemed cost of property, plant and equipment.

b) Contractual obligations

The contractual commitments pending for the acquisition of property, plant and equipment as at March 31, 2026 is I Nil (March 31, 2025: I Nil).

c) Refer note 33 for details of property, plant and equipment pledged as security for borrowings.

d) Title deeds of immovable property not held in the name of the Company

Refer note 4(g) for details of immovable properties included in ‘Property, plant and equipment' for which the title deeds are not held in the name of the Company.

e) Revaluation

The Company has adopted cost model for property, plant and equipment. Accordingly, the Company has not revalued its property, plant and equipment during the current year or previous year.

a) Transition to Ind AS

On transition to Ind AS (i.e. April 1, 2015), the Company has elected to continue with the carrying value of all Investment properties measured as per the previous GAAP as the deemed cost of Investment properties.

b) Contractual obligations

The contractual commitments pending for the acquisition of investment properties as at March 31, 2026 is I Nil (March 31, 2025: I Nil).

c) Leasing arrangements

I nvestment properties comprises a number of commercial properties (broadly categorized into two class of assets i.e., office properties and retail properties depending on the nature, characteristics and risks of each property) that are leased to third parties and related parties under operating leases (cancellable and non-cancellable) with varying lease terms (upto 10 years), escalation clauses and renewal clauses. The Company has classified these leases as operating leases, because they do not transfer substantially all of the risks and rewards incidental to the ownership of the assets. Certain lease arrangement also includes variable rent determined based on percentage of sales of lessee. The Company is also required to maintain the property over the lease term.

The Company has determined that the carrying value of Right of use assets represents its fair value considering the terms of the underlying lease arrangement.

The fair value of investment properties (excluding Right to use assets) have been arrived at using Discounted Cash Flow (DCF) method, as determined by an external independent registered valuer as defined under Rule 2 of the Companies (Registered Valuers and Valuation) Rules, 2017. The fair value measurement for all of the investment properties has been categorised as a Level 3 fair value based on the inputs to the valuation technique used. There has been no change in valuation techniques used since prior year.

The DCF valuation model considers the present value of net cash flows to be generated from the property, taking into account the expected rental growth rate, vacant periods, occupancy rate, brokerage, cost escalation and terminal yields etc. The expected net cash flows are discounted using risk-adjusted discount rates.

g) Title deeds of immovable property not held in the name of the Company

The title deeds (registered sale deed/ transfer deed/ registered joint development agreements) of all the immovable properties (including investment properties) held by the Company (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee), are held in the name of the Company.

h) Refer note 33 for details of investment properties pledged as security for borrowings. Further, the Company has no restrictions on the realisability of its investment properties.

b) Refer note 34(a)(v) for details of contractual obligations to construct or develop investment properties under development.

c) Investment properties under development whose completion is overdue or has exceeded its cost compared to its original plan

There are no projects in progress under ‘Investment properties under development' whose completion is overdue or has exceeded its cost compared to its original plan.

d) Fair value

As the properties are under development, the Company has determined that the fair value of the properties is not reliably measurable and expects that the fair value of the properties to be reliably measurable when construction is complete. Hence, the carrying amount is best approximation of fair value of the properties.

e) Borrowing cost capitalised

Refer note 29 for details of borrowing cost capitalised to investment properties under development.

f) Refer note 33 for details of Investment properties under development pledged as security for borrowings.

g) Title deeds of immovable properties not held in the name of the Company

Refer note 4(g) for details of immovable properties included in 'Investment properties under development' for which title deeds are not held in the name of the Company.

i) Transition to Ind AS

On transition to Ind AS (i.e. April 1, 2015), the Company has elected to continue with the carrying value of all Intangible assets measured as per the previous GAAP as the deemed cost of Intangible assets.

ii) Revaluation

The Company has adopted cost model for intangible assets. Accordingly, the Company has not revalued its intangible assets during the current year or previous year.

(h) The Company is engaged in providing infrastructural facilities as specified in Schedule VI of the Act, accordingly, the provisions of section 186 except sub-section (1) of the Act are not applicable to the Company. The Company has complied with the provisions of sub-section (1) of section 186 of the Act in respect of investments, as applicable.

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

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

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

Nature and purpose of reserve

a) Securities premium

Securities premium is used to record the premium on issue of shares. The reserve can be utilised only for limited purposes as per provisions of Companies Act, 2013.

b) Share option outstanding account

Share based payments is used to record the fair value of equity-settled share based payment transactions with employees. The amounts recorded in this account are transferred to securities premium upon exercise of stock options by employees. In case of lapse, corresponding balance is transferred to retained earnings.

c) General reserve

The general reserve is used from time to time to transfer profits from retained earnings for appropriation purposes.

d) Retained earnings

The cumulative gain or loss arising from the operations which is retained by the Company is recognised and accumulated under surplus in the statement of profit and loss.

(G) During the previous year, the Company has remeasured its deferred tax liabilities relating to temporary differences associated with investments in subsidiaries at the long term capital gains tax rate that are expected to apply to the period when the liability is settled, based on tax rates (and tax laws) that have been enacted by the end of the reporting period resulting in reversal of deferred tax liabilities amounting to 17,677 lakhs.

(H) The Company has not entered into 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).

24.5 Performance obligations

The performance obligation of the Company in case of sale of residential plots, villas, apartments, commercial space and development activities of such properties is satisfied once the project is completed and control is transferred to the customers. The customer makes the payment for contract price as per installment stipulated in customer's agreement which can be cancelled by the customer for convenience.

The transaction price of the remaining performance obligation (unsatisfied or partly satisfied) as at March 31, 2026 is 110,64,862 lakhs (March 31, 2025 is 18,87,480 lakhs). The same is expected to be recognised within 1 to 5 years.

34 Commitments and contingencies

a) Commitments

(i) The Company has given 152,676 lakhs (As at March 31, 2025: 136,930 lakhs) as advances/deposits for purchase of land/ joint development. Under the agreements executed with the land owners, the Company is required to make further payments and/or give share in area/ revenue from such development in exchange of undivided share in land based on the agreed terms/ milestones.

(ii) I n connection with Company's investments in certain subsidiaries, the Company has entered into shareholders agreement with other shareholders wherein it has certain commitments including further investment in accordance with the terms of the agreement.

(iii) The Company has entered into a power purchase agreement with a party wherein the Company has committed minimum purchase of power.

(iv) The Company is committed to provide financial support to some of its subsidiaries to ensure that these entities operate on going concern basis and are able to meet their debts and liabilities as they fall due.

(v) As at March 31, 2026, the estimated amount of contract remaining to be executed on capital account (investment property under development) not provided for is 11,04,141 lakhs (As at March 31, 2025: 138,683 lakhs)

c) Other Litigations

(i) The Company has outstanding balance of 1860 lakhs that are under litigation, out of the refundable deposit paid towards one Joint Development Agreement. The performance obligations under the said Joint Development Agreement are fulfilled hence the company initiated procedure for recovery of the balance refundable deposit and other recovery of additional costs as per terms of the said agreement with Landowner. However, Landowner has filed arbitration challenging the same and both parties have filed claims and counter claims. Based on the overall assessment and legal evaluation, the underlying refundable deposit are considered as good and recoverable by the management.

(ii) Apart from the above, the Company is also subject to certain legal proceedings and claims, which have arisen in the ordinary course of business, including certain litigation for commercial development or land parcels held for construction purposes, either through joint development arrangements or through outright purchases. These cases are pending with various courts and are scheduled for hearings. After considering the circumstances and legal evaluation thereon, the management believes that these cases will not have an adverse effect on the standalone financial statements.

The Company does not expect any reimbursement in respect of the above contingent liabilities and it is not practicable to estimate the timing of the cash outflows, if any, in respect of aforesaid matters and it is not probable that an outflow of resources will be required to settle the above obligations/claims.

(c) Other transactions:

1 The Company has invested 1574 lakhs (March 31, 2025: 174 lakhs) as capital contribution in BILLP and received nil (March 31, 2025: 423 lakhs) as a share of profit from LLP.

2 The Company has made charitable donation to BFT of 1651 lakhs (March 31, 2025: 1740 lakhs) and IMET of 178 lakhs (March 31, 2025: Nill) during the current year.

3 The Company has redeemed Optionally Convertible Debentures and non-convertible debentures of 15,044 lakhs in BPPL during the current year and redeemed debentures of 113,759 during the previous year. Also refer note 7 (i)(b) with respect to carrying value of investments held as at year end.

4 The Company has redeemed Optionally Convertible Debentures and non-convertible debentures of 112,097 lakhs in PREPL during the current year and redeemed debentures of 13,913 during the previous year. Also refer note 7 (i)(b) with respect to carrying value of investments held as at year end.

5 The Company has invested 11,344 lakhs (March 31, 2025: Nil ) to acquire 10,000 equity shares of 110 each, fully paid up in BKPL on September 26, 2025. Pusuant to the acquisition, BKPL became a wholly owned subsidiary of the Company with effect from September 26, 2025. Also refer note 7(i)(a) with respect to carrying value of investments held as at year end.

6 The Company has invested 118,725 lakhs (March 31, 2025: Nil) in 0.001% Optionally Convertible Debentures of 1100 each, fully paid up in VREPL during the year. Also refer note 7(i)(d) with respect to carrying value of investments held as at year end.

7 The Company has paid 12,015 lakhs (March 31, 2025: 13,826 lakhs ) to M.R. Jaishankar towards its share of collections from Brigade Atmosphere Project & Brigade Oak tree Project (Joint Development Project).

8 The Company held 72 lakhs Compulsory Convertible Redeemable Preference Shares (‘CCRPS') at a face value of 1100 per share amounting to 17,200 lakhs in its wholly owned subsidiary, Brigade Tetrach Private Limited (‘BTPL). Each CCRPS is convertible into 10 (ten) equity shares at the option of the Company. During the current year, BEL has exercised the conversion of 9.9 lakhs CCRPS into equity shares resulting into allotment of 99 lakhs equity shares in BTPL.

9 The Company has entered into various reimbursement of expense and income transactions with related parties whereby the total reimbursement expenses received is 1835 lakhs (March 31, 2025: 1637 lakhs), total reimbursement expenses paid is 127 lakhs (March 31, 2025: 1816 lakh) and the total reimbursement income received is 12 lakhs (March 31, 2025: 177 lakhs)

d) Other information

Outstanding balances at the year-end are unsecured and carry interest upto 12% and settlement occurs in cash. The Company has not recorded any provision/ write-off of receivables relating to amounts owed by related parties.

Note: In respect of the transactions with the related parties, the Company has complied with the provisions of Section 177 and 188 of the Companies Act, 2013 where applicable, and the details have been disclosed above, as required bythe applicable accounting standards.

37 Employee benefits

(a) Defined benefit plan : Gratuity

The Company has gratuity as defined benefit retirement plans for its employees. 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 at the rate of 15 days basic salary for each year of service until the retirement age. As at March 31, 2026 and March 31, 2025 the plan assets were invested in insurer managed funds.

It is exposed to the following types of risks:

Interest rate risk: A fall in the discount rate which is linked to the Government Security rate will increase the present value of the liability requiring higher provision. A fall in the discount rate generally increases the mark to market value of the assets depending on the duration of asset.

Salaryrisk:The present value of the defined benefit plan liability is calculated by reference to the future salaries of members. As such, an increase in the salary of the members more than assumed level will increase the plan's liability.

Investment risk:The present value of the defined benefit plan liability is calculated using a discount rate which is determined by reference to market yields at the end of the reporting period on government bonds. If the return on plan asset is below this rate, it will create a plan deficit. Currently, for the plan in India, it has a relatively balanced mix of investments in government securities, and other debt instruments.

Asset liability matching risk: The plan faces the ALM risk as to the matching cash flow. Since the plan is invested in lines of Rule 101 of Income Tax Rules, 1962, this generally reduces ALM risk.

Mortality risk: Since the benefits under the plan is not payable for life time and payable till retirement age only, plan does not have any longevity risk.

Concentration risk: Plan is having a concentration risk as all the assets are invested with the insurance company.

The following tables summarise the components of net benefit expenses recognised in the statement of profit and loss and the funded status and amount recognised in the balance sheet.

The average duration of the defined benefit plan - gratuity at the end of the reporting period is 6 years (Previous year: 5 years). ⁽*⁾Note : Impact of implementation of New labour code:

The Government of India has consolidated 29 existing labour legislations into a united framework comprising four Labour Code viz Code on wages 2019, Code on Social Security 2020, Industrial Relation Code, 2020, and Occupational Safety, Health and Working Condition Code, 2020 (collectively referred to as the New Labour Codes). These Codes have been made effective from November 21, 2025. The corresponding supporting rules under these codes are yet to be notified. The impact of the labour law change amounting to 1946 lakhs has been disclosed as ‘Exceptional items' in the standalone financial statements for the year ended 31 March 2026. Once the Government notifies the Central and State Rules, the Company will evaluate the impact on the measurement of employee benefits and provide the appropriate accounting treatment, if any.

38 Share based payments

The Company provides share-based payment schemes to its employees and directors. The relevant details of the scheme and the grants are as below:

Employees Stock Option Scheme (‘ESOP 2017’): The Company instituted this scheme pursuant to the Board of Directors and Shareholders' resolution dated August 8, 2017 and September 21, 2017, respectively. As per ESOP 2017, the Company granted 25,16,597 (till March 31, 2025: 25,16,597) options comprising equal number of equity shares in one or more tranches to the eligible employees of the Company and its subsidiaries. The options would vest equally 25% every year with exercise period of five years from the date of respective vesting. The contractual life (comprising the vesting period and the exercise period) of options granted is 9 years from date of such grant.

Employees Stock Option Scheme (‘ESOP 2022’): The Company instituted this scheme pursuant to the Board of Directors and Shareholders' resolution dated March 25, 2022 and May 4, 2022, respectively. As per ESOP 2022, the Company granted 14,32,966 (till March 31, 2025: 13,37,658) options comprising equal number of equity shares in one or more tranches to the eligible employees of the Company and its subsidiaries. The options would vest equally 25% based on the individual performance every year , with exercise period of five years from the date of respective vesting. The contractual life (comprising the vesting period and the exercise period) of options granted is 9 years from date of such grant.

The fair value of the share options is estimated at the grant date using Black Scholes Model taking into account the terms and conditions upon which the share options are granted and there are no cash settled alternatives for employees.

1 Geographical information

The geographic information analyses the Company's revenue and non current assets by the Company's country of domicile and other countries. As the Company is engaged in the business of Real Estate and Leasing in India only , it has only one reportable geographical segment.

2 Significant customers

There is no single customer who has contributed 10% or more to the company's revenue for both the years ended March 31, 2026 and March 31, 2025.

40 Fair value measurements

The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. There have been no transfers between levels during the period.

b) Fair value hierarchy

Financial assets and financial liabilities are measured at fair value in the financial statement and are grouped into three Levels of fair value hierarchy. The three Levels are defined based on the observability of significant inputs to the measurement, as follows:

Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date.

Level 2 inputs are inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3 inputs are unobservable inputs for the asset or liability.

There have been no transfers between the levels during the year

41 Financial risk management objectives and policies

The Company's principal financial liabilities, other than derivatives, comprise borrowings, trade and other payables. The main purpose of these financial liabilities is to finance the Company's operations. The Company's principal financial assets include loans, investments, trade receivables, cash and bank balances and other receivables that derive directly from its operations.

The Company's senior management oversees the management of these risks and ensures that the Company's financial risk activities are governed by appropriate policies and procedures and that financial risks are identified, measured and managed in accordance with the Company's policies and risk objectives. The Board of Directors reviews and agrees policies for managing each of these risks.

a) Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises two types of risk: (i) interest rate risk and (ii) other price risk,. Financial instruments affected by market risk includes bank deposits, borrowings and investments in mutual funds.

i) 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.

1) Liabilities

The Company's fixed rate borrowings are carried at amortised cost. They are therefore not subject to interest rate risk as defined in Ind AS 107, since neither the carrying amount nor the future cash flows will fluctuate because of a change in market interest rates. The Company's variable rate borrowing is subject to interest rate fluctuations. Below is the overall exposure of the borrowing:

2) Assets

The Company's fixed deposits, interest bearing security deposits and loans are carried at fixed rate. Therefore, the said assets are not subject to interest rate risk as defined in Ind AS 107, since neither the carrying amount nor the future cash flows will fluctuate because of a change in market interest rates.

ii) Price risk

The Company invests surplus funds in liquid mutual funds. The Company is exposed to market price risk arising from uncertainties about future values of the investment. The Company manages the equity price risk through investing surplus funds in liquid mutual funds for short term basis.

The table below summarises the impact of increase/decrease of the Net Asset Value (NAV) on the profit for the year.

The analysis is based on the assumption that the NAV price would increase 5% and decrease by 5% with other variable

iii) Currency risk

Most of the Group's transactions are carried out in INR. Exposures to currency exchange rates arise from the Group's overseas purchases, which are primarily denominated in US dollars (USD) and Singapore dollars (SGD) and United Arab Emirates Dirham (AED). As at the reporting date, the Group has outstanding unhedged trade payables denominated in foreign currencies and is therefore exposed to fluctuations in foreign exchange rates. The short term exposure shown are those reported to key management translated into INR at the closing rate:

b) Credit risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Company is exposed to credit risk primarily from trade receivables (net of advances/ payables), refundable deposits under joint development arrangements (JDA), security deposits, cash and bank balances, loans, investment carried at amortised cost and other financial assets. The Company continuously monitors defaults of customers and other counterparties and incorporates this information into its credit risk controls. The carrying amounts of financial assets, unbilled revenue and contract assets represent the maximum credit exposure.

Credit risk rating

The Company assesses and manages credit risk based on internal credit rating system. Internal credit rating is performed for each class of financial instruments with different characteristics. The Company assigns the following credit ratings to each class of financial/ contract assets based on the assumptions, inputs and factors specific to the class of financial/ contract assets.

i) Low credit risk

ii) Moderate credit risk

iii) High credit risk

Based on business environment in which the Company operates, a default on a financial asset is considered when the counter party fails to make payments within the agreed time period as per contract. Loss rates reflecting defaults are based on actual credit loss experience and considering differences between current and historical economic conditions.

Credit risk management

(i) Credit risk related to cash and bank balance (including bank deposits) is managed by only accepting highly rated banks and diversifying bank deposits and hence evaluated to be very low.

(ii) The Company's trade receivables in respect of real estate segment does not have any expected credit loss since the handover/ possession of residential/commercial units to the customers in case of real estate arrangements is not processed till the time the Company collects the entire receivables. Given the nature of leasing business operations, the Company's trade receivables has low credit risk as the Company holds security deposits equivalents ranging from three to six months rentals. Further, historical trends indicate any shortfall between such deposits held by the Company and amounts due from customers have not been material.

(iii) The Company is subject to credit risk in relation to refundable deposits given under joint development arrangements. The management considers that the risk is high as it is in the possession of the land and the property share that is to be delivered to the land owner under the joint development arrangements.

(iv) Other financial assets includes investments in debt instruments in subsidiaries, loans to subsidiaries and joint ventures, and others. Credit risk related to these other financial assets is managed by monitoring the recoverability of such amounts continuously, while at the same time internal control system are in place ensure the amounts are within defined limits.

c) 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, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company's reputation.

The Company has an established liquidity risk management framework for managing its short term, medium term and long term funding and liquidity management requirements. The Company's exposure to liquidity risk arises primarily from mismatches of the maturities of financial assets and liabilities. The Company manages the liquidity risk by maintaining adequate funds in cash and cash equivalents. The Company also has adequate credit facilities agreed with banks to ensure that there is sufficient cash to meet all its normal operating commitments in a timely and cost-effective manner.

42 Capital management

The Company's objectives of capital management is to maximize the shareholder value. In order to maintain or adjust the capital structure, the Company may adjust the return to shareholders, issue/ buyback shares or sell assets to reduce debt. The Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants.

The Company monitors capital using a gearing ratio, which is net debt divided by total equity plus net debt as below:

• Equity includes equity share capital and all other equity components attributable to the equity holders

• Net debt includes borrowings (non-current and current) less cash and other bank balance.

In order to achieve the objective of maximize shareholders value, the Company's capital management, amongst other things, aims to ensure that it meets financial covenants attached to the interest-bearing borrowings that define capital structure requirements. Any significant breach in meeting the financial covenants would allow the bank to call borrowings. There have been no breaches in the financial covenants of borrowings.

45 Shares issued under QIP

On September 5, 2024, the Company has completed the offering of its equity shares through a qualified institutions placement (‘QIP') in accordance with the provisions of Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the ‘SEBI ICDR Regulations'). Pursuant to the QIP, the Company had allotted 1,30,43,478 equity shares of face value of 110 each at an issue price of 11,150 per share (including a share premium of 11,140 per share) aggregating to 1150,000 lakhs to qualified institutional buyers. Effective September 6, 2024, these equity shared were listed for trading on the National Stock Exchange of India Limited and BSE Limited.

46 Additional disclosures

(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the Company for holding any Benami property under the Benami Transactions (Prohibition) Act, 1988 and rules made thereunder.

(ii) The company does not have transactions and balances with companies which have been removed from register of Companies [struck off companies] as at the reporting date.

(iii) Other than transaction disclosed below, 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 persons or entities, including foreign entities (‘Intermediaries'), with the understanding, whether recorded in writing or otherwise, that the Intermediaries 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 (‘ Beneficiaries') or provide any guarantee, security or the like on behalf of the Beneficiaries.

(iv) 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

(v) During the year, the investments made, guarantees provided, security given and the terms and conditions of the grant of all loans and guarantees to companies, firms, Limited Liability Partnerships or any other parties are not prejudicial to the Company's interest.

47 The Board of Directors of the Company at their meeting held on May 6, 2026 have recommended a final dividend of 12 per equity share of 110 each for the financial year ended March 31, 2026 and has also recommended issue of bonus shares in the ratio of 1:3 i.e., one (1) new fully paid up equity share for every three (3) existing fully paid-up share held by the shareholders of the Company as on the record date. The proposed dividend and issue of bonus shares are subject to approval of shareholders. The proposed dividend is not recognised as a liability as at March 31, 2026.

48 A survey under section 133A of the Income Tax Act (‘the Act') was conducted in December 2025 at various business premises of the Holding Company. Management, based on advice from external expert, on an ad-hoc basis provided for additional tax liabilities. The Company has complied with / responded to the notices received from Income tax authorities (‘Tax authorities') and in this regard, has complied with the requirements of applicable laws and regulations, and does not expect any additional liability beyond the amount already provided for. The management believes that the amount is not material to these standalone financial statements and accordingly, no additional adjustment is considered necessary in these standalone financial statements.

49 The Company has defined process to take daily back-up of books of account in electronic mode on servers physically located in India.

The Ministry of Corporate Affairs (MCA) has prescribed a 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 has used an accounting software for maintaining its books of account which has a feature of recording audit trail (edit log) facility and the same has been enabled throughout the year for all relevant transactions recorded in the software at the application level. The accounting software is operated by a third-party software service provider and in absence of any information on the existence of audit trail feature at database level in the Independent Service Auditor's ‘Type 2 report' issued in accordance with ISAE 3402 Assurance Engagements Other Than Audits or Reviews of Historical Financial Information', we are unable to demonstrate whether the audit trail feature at the database level of the said software was enabled and operated throughout the year.

50 Other previous year's figures have been regrouped or reclassified wherever necessary to conform with the current year's figures. The impact of such other reclassification / regrouping is not material to the standalone financial statements.

51 No material events have occurred between the standalone balance sheet date to the date of issue of these standalone financial statements that could affect the values stated in the financial statements as at March 31, 2026.