2.15 Provisions, contingent liabilities and contingent assets

a) Provisions

Provisions are recognised when the Company has a present legal or constructive obligation as a result
of past events, it is probable that an outflow of resources will be required to settle the obligation and
the amount can be reliably estimated. Provisions are not recognised for future operating losses.

Provisions are measured at the present value of management's best estimate of the expenditure required
to settle the present obligation at the end of the reporting period. The discount rate used to determine
the present value is a pre-tax rate that reflects current market assessments of the time value of money
and the risks specific to the liability. The increase in the provision due to the passage of time is recognised
as interest expense.

b) Contingencies

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

Contingent assets are possible assets that arises from past events and whose existence will be confirmed
only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the
control of the Company. Contingent assets are disclosed where an inflow of economic benefits is probable.

2.16 Foreign currency translation

(i) Functional and presentation currency

Items included in the financial statements are measured using the currency of the primary economic
environment in which the Company operates (? the functional currency'). The Company's operations
are primarily in India. The financial statements are presented in Indian rupee (INR), which is the Company's
functional and presentation currency.

(ii) Transactions and balances

Foreign currency transactions are translated into the functional currency using the exchange rates at
the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such
transactions and from the translation of monetary assets and liabilities denominated in foreign currencies
at year end exchange rates are recognised in statement of profit and loss.

Foreign exchange differences regarded as an adjustment to borrowing costs are presented in the
statement of profit and loss, within finance costs. All other foreign exchange gains and losses are
presented in the statement of profit and loss on a net basis within other income.

Non-monetary items that are measured at fair value in a foreign currency are translated using the
exchange rates at the date when the fair value was determined. Translation differences on assets and
liabilities carried at fair value are reported as part of the fair value gain or loss.

2.17 Revenue recognition

Contracts involving provision of services and material

Revenue is recognized when, or as, control of a promised service or good transfers to a customer, in an
amount that reflects the consideration to which the Company expects to be entitled in exchange for transferring
those products or services. To recognize revenues, the following five step approach is applied: (1) identify the
contract with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction
price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize
revenues when a performance obligation is satisfied. A contract is accounted when it is legally enforceable
through executory contracts, approval and commitment from all parties, the rights of the parties are identified,
payment terms are defined, the contract has commercial substance and collectability of consideration is
probable.

Time-and-material / Volume based / Transaction based contracts

Revenue with respect to time-and-material, volume based and transaction based contracts is recognized as
the related services are performed through efforts expended, volume serviced transactions are processed
etc. that correspond with value transferred to customer till date which is related to the right to invoice for
services performed.

Fixed Price contracts

Revenue related to fixed price contracts where performance obligations and control are satisfied over a
period of time are recognized based on progress towards completion of the performance obligation using
percentage-of-completion (POC) method of accounting. Revenue is recognized based on the costs incurred
to date as a percentage of the total estimated costs to fulfill the contract. Any revision in cost to complete
would result in increase or decrease in revenue and such changes are recorded in the period in which they are
identified.

Revenue related to other fixed price contracts providing maintenance and support services, are recognized
based on the right to invoice for services performed for contracts in which the invoicing is representative of
the value being delivered. If invoicing is not consistent with value delivered, revenues are recognized as the
service is performed based on the cost to cost method described above.

The Company recognizes an onerous contract provision when the expected unavoidable costs of meeting
the future obligations exceed the expected economic benefits to be received under a contract. Such provision,
if any, is recorded in the period in which such losses become probable and is included in cost of revenues.

Estimates of revenue, costs or extent of progress towards completion are revised if circumstances change.
Any resulting increases or decreases in estimated revenues or costs are reflected in statement of profit and
loss in the period in which the circumstances that give rise to the revision become known by management.

Interest income

Interest income is recognised as the interest accrues using the effective interest method, under which the rate
used exactly discount estimated future cash receipts through the expected life of the financial asset to the net
carrying amount of the financial asset.

2.18 Employee benefits
Defined benefit plans
Gratuity

The liability recognised in the balance sheet is the present value of the defined benefit obligation at the end
of the reporting period less the fair value of plan assets. The defined benefit obligation is calculated annually
by actuaries using the projected unit credit method.

The present value is determined by discounting the estimated future cash outflows by reference to market
yields at the end of the reporting period on government bonds that have terms approximating to the terms
of the related obligation.

The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit
obligation and the fair value of plan assets. This cost is included in employee benefit expense in the statement
of profit and loss.

Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions
are recognised in the period in which they occur, directly in other comprehensive income. They are included
in retained earnings in the statement of changes in equity and in the balance sheet.

Changes in the present value of the defined benefit obligation resulting from plan amendments or curtailments
are recognised immediately in statement of profit and loss as past service cost.

Actuarial gains/losses are recognized immediately in the balance sheet with a corresponding debit or credit
to other comprehensive income in the year in which they occur.

Defined contribution plans

A defined contribution plan is a post-employment benefit plan where the Company's legal or constructive
obligation is limited to the amount that it contributes to a separate legal entity. The Company makes specified
monthly contributions towards Government administered provident fund scheme. Obligations for contributions
to defined contribution plan are expensed as an employee benefits expense in the statement of profit and
loss in period in which the related service is provided by the employee. Prepaid contributions are recognised
as an asset to the extent that a cash refund or a reduction in future payments is available.

The Company makes defined contributions to a Superannuation Trust established for the purpose. The
Company has no further obligation beyond the monthly contributions.

Other benefits
Compensated absences

Accumulated compensated absences, which are expected to be availed or encashed within 12 months from
the end of the year end are treated as short term employee benefits. The obligation towards the same is
measured at the expected cost of accumulating compensated absences as a result of the unused entitlement
as at the year end.

Accumulated compensated absences, which are expected to be availed or encashed beyond 12 months from
the end of the year end are treated as other long term employee benefits. The Company's liability is actuarially
determined (using the Projected Unit Credit method) at the end of each year. Actuarial losses/ gains are
recognised in the statement of profit and loss in the year in which they arise.

Long term employee benefits

Employee benefits, which are expected to be availed or encashed beyond 12 months from the end of the
year, are treated as other long term employee benefits. The Company's liability is actuarially determined
(using the Projected Unit Credit method) at the end of each year.

2.19 Borrowing costs

General and specific borrowing costs that are directly attributable to the acquisition, construction or production
of a qualifying asset are capitalised during the period of time that is required to complete and prepare the
asset for its intended use or sale. Qualifying assets are assets that necessarily take a substantial period of time
to get ready for their intended use or sale.

Investment income earned on the temporary investment of specific borrowings pending their expenditure on
qualifying assets is deducted from the borrowing costs eligible for capitalisation.

Other borrowing costs are expensed in the period in which they are incurred.

2.20 Earnings per share

(i) Basic earnings per share

Basic earnings per share is calculated by dividing:

• the profit attributable to owners of the Company

• by the weighted average number of equity shares outstanding during the financial year

(ii) Diluted earnings per share

Diluted earnings per share adjusts the figures used in the determination of basic earnings per share to
take into account:

• the after income tax effect of interest and other financing costs associated with dilutive potential
equity shares, and

• the weighted average number of additional equity shares that would have been outstanding
assuming the conversion of all dilutive potential equity shares.

2.21 Exceptional items

Items which are material either because of their size or their nature, and which are non-recurring, are highlighted
through separate disclosure. The separate reporting of exceptional items helps provide a better understanding
of the Company's underlying performance.

Note: Previous year figures are given in brackets.

The following methods/assumptions were used to estimate the fair value

i) The carrying value of bank deposits, trade receivables, cash and cash equivalents, trade payables, security
deposits, loans, borrowings and other current financial assets and other current financial liabilities measured at
amortised cost approximate their fair value due to the short-term maturities of these instruments. The Company's
investments consist of investment in debt linked mutual funds which are determined using quoted prices or
identical quoted prices of assets or liabilities in active markets and are classified as Level 1. Investments in
unquoted equity shares of subsidiaries company are valued at amortised cost.

ii) There were no transfers between any levels for Fair value measurements.

32 Financial Risk Management

The Company's activities expose it to market risk, liquidity risk and credit risk. The Company's financial risk management
is an integral part of how to plan and execute its business strategies.

In order to minimize any adverse effects on the financial performance of the Company, derivative financial instruments,
such as foreign exchange forward contracts are entered to hedge certain foreign currency exposures that can be
hedged. Derivatives are used exclusively for hedging purposes and not as trading or speculative instruments.

This note explains the sources of risk which the entity is exposed to and how the entity manages the risk and the
impact of hedge accounting in the financial statements

Credit risk arise from possibility that customer may default on its obligation resulting into financial loss. The
maximum exposure to the credit risk is primarily from trade receivables.

Credit risk on cash and cash equivalent and bank balances is not significant as it majorly includes deposits with
bank and financial institutions with high credit ratings assigned by international and domestic credit rating
agencies.

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails
to meet its contractual obligations, and arises principally from the Company's receivables from customers,
loans and investments in debt securities. The carrying amounts of financial assets and contract assets represent
the maximum credit exposure.

The credit risk through credit approvals, establishing the financial reliability of the customers taking into account
the financial condition, analysis of historical bad debts and ageing of accounts receivables. Individual limits are
set accordingly by the Company's credit control department.

The Company uses a provision matrix to compute the expected credit loss for trade receivables. The provision
matrix takes into consideration historical credit loss experience and other relevant available external and internal
credit risk factors.

Financial Risk Management
32 (ii) Liquidity risk:

Liquidity risk is the risk that the Company will not be able to settle or meet its obligations on time or at a
reasonable price. The Company's treasury department is responsible for liquidity, funding as well as settlement
management. In addition, processes and policies related to such risks are overseen by senior management.
Management monitors the Company's net liquidity position through rolling forecasts on the basis of expected
cash flows. (Also refer note 53)

(i) Mutual Fund risk

Market risk may arise due to changes in economic conditions, monetary policies, and geopolitical events.
Group has investment in short term debt mutual funds.

(ii) 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. The Group's does not have any exposure to the risk of changes
in market interest rates as there is no such borrowings.

(iii) Foreign currency risk

The Company's major operations are in India and are in INR and therefore, the Company is not exposed to
significant foreign currency risk. The Company evaluates the exchange rate exposure arising from foreign
currency transactions and the Company follows established risk management policies which are approved
by the senior management and the Audit Committee, including the use of derivatives like foreign exchange
forward contracts to hedge exposure to foreign currency risk.

(a) Foreign currency risk exposure

The Company's exposure to foreign currency risk at the end of the reporting period expressed in INR are as
follows.

# The Company had made investment and also extended loan to Pimpri Chinchwad eServices Limited to support its
operations. However, the management does not foresee any cash generating operations in the company to enable
the repayment of loan. Moreover, the subsidiary has been making continuous losses and its net worth is fully
eroded. Hence, a provision for impairment of investment in such subsidiary as well as loss allowance against loan
given to such subsidiary has been made during the year.

* The Company has made provision of ' 1,277.17 lakhs (2024- ' 1,504.00 lakhs), on account of accumulated losses
and erosion of net worth of HCL Infotech Limited, as at the balance sheet date. HCL Infotech Limited has been
incurring operational losses during the last few years due to various reasons including delay in collections of
receivables, challenging market conditions, cost overruns and legal expenses in respect of long-term contracts.
Considering the fact that most of these long-term contracts were originally entered with the Company and transferred
to HCL Infotech Limited through the Scheme of Arrangement in the past, there is a constructive obligation for the
Company to provide operational and financial support to HCL Infotech Limited for execution of its contracts. This
constructive obligation is also supported by the past practice followed by the Company wherein it has been, from
time to time, voluntarily extending financial support to its subsidiaries, even during challenging market circumstances.
Such continuous and timely support from the Company has helped fund the losses of its subsidiaries and enabled
them to meet their financial obligations without any delays/ defaults. Basis the same, the Company is creating
provision for losses of subsidiary in the standalone financials to the extent of accumulated losses and erosion of net
worth of subsidiary, as at the reporting date. This has been treated as a present obligation of the Company wherein
it is probable that an outflow of resources will be required to support HCL Infotech and pay its liabilities that are
more than its assets as on reporting date, as required by IndAS 37.

* The company has deposited ' 12,466.00 lakhs (2024 - ' 12,681.01 lakhs) under protest against these claims.

The amounts shown in item (a) represents the best possible estimates arrived at on the basis of available
information. The uncertainties and possible reimbursements are dependent on the outcome of the different
legal processes which have been initiated by the Company or the claimants as the case may be and therefore
cannot be predicted accurately. It is not practicable for the Company to estimate the timing of cash outflows, if
any, in respect of the above pending resolution of the respective proceedings.

b) Other litigations :

The Company is involved in various lawsuits, claims and proceedings that arise in the ordinary course of business.
Some of these matters include speculative and frivolous claims. The Company believes that the amount or
estimable range of reasonably possible loss, will not, either individually or in the aggregate, have a material
adverse effect on its business, financial position, results of the Company, or cash flows with respect to loss
contingencies for legal and other contingencies as at 31 March 2025.

c) As at 31.03.2025, the Company has certain sales tax and other indirect tax litigation matters against which
provision amounts to ' 1,230.93 lakhs (2024 - ' 1,230.36 lakhs) is outstanding. Provision amounting to ' 63.82
lakhs (2024 - ' 200.06 lakhs) was created and ' 63.25 lakhs (2024 - ' 273.31 lakhs) was utilized during the year
i.e towards repayment under one time settlement/ amnesty schemes.

40 Leases:

Cancelable Operating Leases
As a Lessee

In terms of criteria specified in Ind AS 116 Leases, the company does not have any lease other than with short term
period. Rent expenses in respect of short term leases amounting ' 66.89 lakhs (2024 - ' 63.95 lakhs) is expensed off
on straight line basis over lease term as rent expenses (refer note 30).

41 Earnings/(Loss) per share (EPS)

Basic earnings per share is calculated by dividing the net loss for the year attributable to equity shareholders by the
weighted average number of equity shares outstanding during the year. The loss considered in ascertaining the
Company EPS represent loss for the year after tax. Diluted EPS is computed and disclosed using the weighted
average number of equity and dilutive equivalent shares outstanding during the year except when results would be
anti-dilutive.

42 Segment Reporting

The Company had reported three segments till year ended 31 March 2024 - Hardware Products and Solutions,
Distribution and Learning. However, management has reassessed the segment disclosure and believes that with the
scale down of the Distribution business which is limited to providing IT support services (primarily annual maintenance
activities) and progressive decline in learning operations, the Chief Operating Decision maker primarily focusses on
combined business in making decisions on operating matters and on allocating resources in evaluating performance.
Accordingly, the Company has aggregated its segments into a single segment which is providing IT support services
and hence no separate disclosure is required for Segment as per Ind AS 108 'Operating Segments'.

As of 31.03.2025, every 0.5 percentage point increase / decrease in discount rate will affect gratuity benefit
obligation by approximately by ' 1.40 lakhs.

As of 31.03.2025, every 0.5 percentage point increase / decrease in weighted average rate of increase in
compensation levels will effect gratuity benefit obligation by approximately ' 1.37 lakhs.

The estimates of future salary increases considered in actuarial valuation take account of inflation, seniority,
promotion and other relevant factors such as supply and demand in the employment market.

Description of Risk Exposures:Valuations are based on certain assumptions, which are dynamic in nature and
vary over time. As such company is exposed to various risks as follow-

A) Salary Increases- Actual salary increases will increase the Plan's liability. Increase in salary increase rate
assumption in future valuations will also increase the liability.

B) Investment Risk - If Plan is funded then assets liabilities mismatch & actual investment return on assets
lower than the discount rate assumed at the last valuation date can impact the liability.

C) Discount Rate : Reduction in discount rate in subsequent valuations can increase the plan's liability.

D) Mortality & disability - Actual deaths & disability cases proving lower or higher than assumed in the valuation
can impact the liabilities.

E) Withdrawals - Actual withdrawals proving higher or lower than assumed withdrawals and change of
withdrawal rates at subsequent valuations can impact Plan's liability.

47 In order to reduce Company's debt obligations, the Company has decided to monetize Company owned properties
in a phased manner. The remaining Company's properties are not being fully utilized due to changes in the business
of the Company, therefore as a part of ongoing property monetisation plan, during the year ended, March 31,2025,
the Company has disposed one property situated in Mumbai, having net carrying amount of ' 51.12 lakhs, for a
consideration of ' 635 lakhs, resulting in overall gain of ' 583.88 lakhs. (similar gain recognised of ' 1,196.36 lakhs
for the year ended March 31, 2024).

48 The Board of Directors of the Company in its meeting held on March 23, 2021, had consented to adjust the unsecured
loan advanced to HCL Infotech Limited, a wholly-owned subsidiary, amounting to ' 40,000 lakhs, against the
subscription money payable by the Company to HCL Infotech Limited, for subscription of the 40,00,000 (numbers)
0.1% Optionally Convertible Debentures (OCD) of a face value of ' 1,000 each (Indian Rupees One thousand only)
issued, on private placement basis to the Company, pursuant to terms of OCD Subscription Agreement dated March
31, 2021 between the Company and HCL Infotech Limited. The outstanding number of OCDs as on March 31, 2025
is 39,66,437 (2024- 39,66,437).

49 The Company and HCL Infotech Limited, has agreed that the OCDs as mentioned in note 48, issued to the Company
shall be redeemed only from and to the extent of the proceeds from certain specified book receivables and favourable
awards received by the HCL Infotech Limited in accordance with the terms set out in the OCD Subscription Agreement.
Accordingly, HCL Infotech Limited transferred its rights to receive cash flows from those specified book receivables
and favourable awards to the Company and the aforesaid transaction meets the pass-through arrangement criteria,
as per the requirements of Ind AS 109 Financial Instruments. Therefore, the outstanding balance of specified books
receivables of ' 1,892 lakhs (including amount of ' 867 lakhs of the contract assets) derecognized in the financial
statements of HCL Infotech Limited and recognized at fair value against the OCDs by the Company as at March 31,
2021. The fair value of such OCDs is ' Nil as at March 31,2025 (2024- ' Nil), also refer note 54.

50 Based on the detailed assessment performed by Management which also included, wherever considered necessary,
performing reconciliation with the parties and obtaining legal opinion wherever considered necessary, the Company
has credited its Statement of Profit and Loss on account of write back of certain provisions of ' 166.02 lakhs, for the
year ended March 31,2025 (2024: ' 501.42 lakhs) and reversal of loss allowance for doubtful debts ' 134.67 lakhs, for
the year ended March 31, 2025 (2024: ' 159.86 lakhs).

53 The Company has continuously made losses during past years and its net worth has been fully eroded. Further the
Company has incurred a net loss of ' 2,185.14 lakhs, during the year ended March 31, 2025 (year ended March 31,
2024: net loss ' 1,554.88 lakhs) and the Company's current liabilities exceeded its current assets by ' 44,909.53 lakhs
as at March 31, 2025 (March 31, 2024: ' 42,556.82 lakhs). The losses are primarily a result of delayed receipts on
certain system integration contracts, historical low margin contracts, large litigations and their costs which are at
different stages of progression.

The Company had originally entered into multiple long term contracts forming part of erstwhile 'Hardware Solutions
Business' which was transferred to HCL Infotech Limited through Scheme of Arrangement with the remaining term
of ongoing contract upto year 2031. Therefore, there is a constructive obligation for the Company to provide
operational and financial support to HCL Infotech Limited for execution of its contracts (also refer note 34). Further,
such transferred business has continued to face challenges in obtaining timely customer acceptance and sign-offs
for completed projects, leading to delays in receiving payments. As a result, though the number of contracts reaching
closure has increased, there is no significant progress in recovering outstanding receivables from customers. To
address this issue, the Company has initiated arbitration proceedings against several customers to recover the dues
owed. Accordingly, the management will ensure continuity of operations to support execution of long terms contracts
originally assigned to the Company and recovery of dues owned by HCL Infotech Limited that are held up for a long
time.

To ensure the necessary financial support for above operations, the Board of Directors of HCL Corporation Private
Limited (a significant promoter shareholder) has approved support in the form of corporate guarantees to banks of
' 39,600 lakhs [utilised ' 5,704.77 lakhs (2024 - ' 305.04 lakhs)] and interest free unsecured loans of ' 35,500 lakhs
[utilised ' 35,500 lakhs (2024 - ' 35,500 lakhs)] to HCL Infosystems Limited out of total authorized limit of ' 1,50,000
lakhs. This had been approved by the shareholders of the Company, vide their resolution dated September 14, 2017.
Considering the above support, the management and the Board of Directors have a reasonable expectation that the
Company will be able to realise its assets and discharge its contractual obligations including long term contracts
transferred to HCL Infotech Limited and liabilities as they fall due in the near future in the normal course of business.
Accordingly, these standalone financial results have been prepared on a going concern basis.

54 HCL Infosystems Limited (HCLI) has initiated Arbitration Proceedings with respect to dispute against the customers
for contracts which were originally awarded to HCLI and were subsequently transferred to HCL Infotech Limited
(Infotech) under the Scheme of Arrangement in 2013 as approved by Delhi High Court. Further as part of issuance of
Optionally Convertible Debentures (OCDs), in earlier years the Infotech has transferred its rights to receive cash
flows from these projects to the HCLI and as per the terms of OCDs, cash collected shall be utilized to redeem OCDs.

Against one of such contract, Infotech has received an amount of ' 12,341.73 Lakhs in earlier years against equivalent
Bank Guarantee. For another contract, part payment of ' 1,330.52 Lakhs was received during the year ended March
31, 2025 against equivalent Bank Guarantee. However, since counterparty's appeal in these matters is sub-judice
(pending disposal) before the High Court, amount has not been utilized for redemption of OCDs in accordance with

the terms of OCDs arrangement and hence shown as amount collected under litigation as a part of other current
liabilities in the financial statement of HCL Infotech Limited.

55 The Company in earlier years entered into Share Purchase Agreement (SPA) dated May 31, 2018 with Karvy Data
Management Services Limited for sale of shares in HCL Services Limited As per clause 2.3 of SPA, business consideration
of ' 648.81 lakhs represents the Second Stage Consideration linked with the Income Tax refunds receivable for the
period upto the Financial Year March 31, 2018. The above amount represents refunds due for the Assessment Years
2015-16 and 2018-19 held up due to appeals pending for these Assessment Years from 2015-16 to 2018-19. Karvy
is obligated to pay these amounts only on receipt of the same from the Income tax department. The management
has assessed the probability of these tax refunds basis which a favourable outcome is expected accordingly refunds
will be received from the Income tax department for all the years.

56 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 or entity, 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 (Funding Party) with the understanding that the Company shall whether, directly or indirectly
lend or invest in other persons or entities identified by or on behalf of the Company ("Ultimate Beneficiaries") or
provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

57 Other Statutory Information

a) The company does not have any benami property, where any proceeding has been initiated or pending against
the company for holding any Benami property.

b) The company is not declared a wilful defaulter by any bank or financial institution or any other lender.

c) The Company has complied with the number of layers prescribed under section 2(87) of the Companies Act,
2013 read with Companies (Restriction on number of Layers) Rules, 2017.

d) The company does not have any such transaction which is not recorded in the books of accounts that has been
surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961
(such as, search or survey or any other relevant provisions of the Income Tax Act, 1961).

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

f) There is no immovable properties not held in the name of the company.

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

58 Subsequent Events

The Company evaluated all events or transactions that occurred after March 31, 2025 through May 23, 2025, the
date the Company issued these financial statements. During this period, the Company did not have any material
recognizable subsequent events.

As per our report of even date attached

For B S R & Associates LLP For and on behalf of the Board of Directors of

Chartered Accountants HCL Infosystems Limited

ICAI Registration Number-116231W/W-100024

Girish Arora Pawan Kumar Danwar Raghu Venkat Chivukula

Partner Director Director

Membership Number - 098652 DIN - 06847503 DIN - 00520704

Alok Sahu Raj Kumar Sachdeva Twinkle Monga

Chief Financial Officer Manager Company Secretary

New Delhi: May 23, 2025 Noida : May 23, 2025