xii. Provisions and contingencies

A provision is recognised when the Company has a present obligation as a result of a past event and it is probable
that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be
made. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates.

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence
of which will be confirmed only by the occurrence or non occurrence of one or more uncertain future events not
wholly within the control of the Company or a present obligation that arises from past events where it is either not
probable that an outflow of resources will be required to settle the obligation or a reliable estimate of the amount
cannot be made. Contingent assets are neither recognized nor disclosed in the financial statements.

xiii. Financial instruments

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or
equity instrument of another entity. Financial assets and financial liabilities are recognized when the Company
becomes a party to the contractual provisions of the instrument.

Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly
attributable to the acquisition or issue of financial instruments (other than financial assets and financial liabilities
at fair value through profit or loss) are added to or deducted from the fair value of the financial assets or financial
liabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial
assets or financial liabilities at fair value through profit or loss are recognized immediately in profit or loss.
Subsequently, financial instruments are measured according to the category in which they are classified.

Financial assets

All recognised financial assets are subsequently measured in their entirety at either amortised cost using the
effective interest method or fair value, depending on the classification of the financial assets.a. Classification of
financial assets

Classification of financial assets depends on the nature and purpose of the financial assets and is determined at
the time of initial recognition.

The Company classifies its financial assets in the following measurement categories:

• those to be measured subsequently at fair value (either through other comprehensive income, or through
profit or loss), and

• those measured at amortised cost

The classification depends on the entity’s business model for managing the financial assets and the contractual
terms of the cashflows.

A financial asset that meets the following two conditions is measured at amortised cost unless the asset is
designated at fair value through profit or loss under the fair value option:

• Business model test: The objective of the Company’s business model is to hold the financial asset to
collect the contractual cash flows.

• Cash flow characteristic test: The contractual term of the financial asset give rise on specified dates to
cash flows that are solely payments of principal and interest on the principal amount outstanding.

A financial asset that meets the following two conditions is measured at fair value through other comprehensive
income unless the asset is designated at fair value through profit or loss under the fair value option.

• Business model test: The financial asset is held within a business model whose objective is achieved by
both collecting cash flows and selling financial assets.

• Cash flow characteristic test: The contractual term of the financial asset gives rise on specified dates to
cash flows that are solely payments of principal and interest on the principal amount outstanding.

All other financial assets are measured at fair value through profit or loss.

b. Financial assets at fair value through profit or loss (FVTPL)

Investment in equity instruments is classified at fair value through profit or loss, unless the Company
irrevocably elects on initial recognition to present subsequent changes in fair value in other comprehensive
income for investments in equity instruments which are not held for trading.

Financial assets that do not meet the amortised cost criteria or fair value through other comprehensive income
criteria are measured at fair value through profit or loss. A financial asset that meets the amortised cost
criteria or fair value through other comprehensive income criteria may be designated as at fair value through
profit or loss upon initial recognition if such designation eliminates or significantly reduces a measurement
or recognition inconsistency that would arise from measuring assets and liabilities or recognizing the gains
or losses on them on different bases.

Financial assets which are fair valued through profit or loss are measured at fair value at the end of each
reporting period, with any gains or losses arising on remeasurement recognised in profit or loss.

c. Trade receivables

Trade receivables are recognized initially at fair value and subsequently measured at amortised cost less
provision for impairment.

d. Cash and cash equivalents

In the Statement of Cash Flows, cash and cash equivalents includes cash in hand, cheques and balances
with bank and short term highly liquid investments with original maturities of three months or less that
are readily convertible to known amount of cash. Bank overdrafts are shown within borrowings in current
liabilities in the balance sheet and forms part of financing activities in the Statement of Cash Flows. Book
overdraft is shown within other financial liabilities in the Balance Sheet and forms part of operating activities
in the Statement of Cash Flows.

e. Impairment of financial assets:

The Company assesses impairment based on expected credit losses (ECL) model to the following:

• financial assets measured at amortised cost

• financial assets measured at fair value through other comprehensive income Expected credit loss are
measured through a loss allowance at an amount equal to:

• the twelve month expected credit losses (expected credit losses that result from those default events
on the financial instruments that are possible within twelve months after the reporting date); or

• full life time expected credit losses (expected credit losses that result from all possible default events
over the life of the financial instrument).

For trade receivables or any contractual right to receive cash or another financial asset that result from
transactions that are within the scope of Ind AS 115, the Company always measures the loss allowance at
an amount equal to lifetime expected credit losses.

f. Derecognition of financial assets

A financial asset is derecognised only when

• The Company has transferred the rights to receive cash flows from the financial asset or

• Retains the contractual rights to receive the cash flows of the financial asset, but assumes a contractual
obligation to pay the cash flows to one or more recipients

• The right to receive cash flows from the asset has expired.

g. Foreign Exchange gains and losses

The fair value of financial assets denominated in a foreign currency is determined in that foreign currency
and translated at the exchange rate at the end of each reporting period. For foreign currency denominated
financial assets measured at amortised cost or fair value through profit or loss the exchange differences
are recognised in profit or loss except for those which are designated as hedge instrument in a hedging
relationship. Further change in the carrying amount of investments in equity instruments at fair value
through other comprehensive income relating to changes in foreign currency rates are recognised in other
comprehensive income.

Financial liabilities and equity instruments

h. Classification of debt or equity

Debt or equity instruments issued by the Company are classified as either financial liabilities or as equity in
accordance with the substance of the contractual arrangements and the definitions of a financial liability and
an equity instrument.

i. Equity instruments

An equity instrument is any contract that evidences a residual interest in the assets of an entity after deducting
all of its liabilities. Equity instruments issued by the Company are recognised at the proceeds received, net
of direct issue costs.

j. Financial liabilities

All financial liabilities are subsequently measured at amortised cost using the effective interest rate method
or at fair value through Statement of Profit and Loss.

k. Trade and other payables

Trade and other payables represent liabilities for goods or services provided to the Company prior to the end
of financial year which are unpaid.

l. Borrowings

Borrowings are initially recognised at fair value, net of transaction costs incurred. Borrowings are

subsequently measured at amortised cost. Any difference between the proceeds (net of transaction costs)
and the redemption amount is recognised in Statement of Profit and Loss over the period of the borrowings
using the effective interest rate method. Borrowings are removed from the balance sheet when the obligation
specified in the contract is discharged, cancelled or expired.

The difference between the carrying amount of a financial liability that has been extinguished or transferred
to another party and the consideration paid, including any non-cash assets transferred or liabilities assumed,
is recognised in Statement of Profit and Loss.

m. Foreign exchange gains or losses

For financial liabilities that are denominated in a foreign currency and are measured at amortised cost at the
end of each reporting period, the foreign exchange gains and losses are determined based on the amortised
cost of the instruments and are recognised in profit or loss.

The fair value of financial liabilities denominated in a foreign currency is determined in that foreign currency
and translated at the exchange rate at the end of the reporting period. For financial liabilities that are
measured as at fair value through profit or loss, the foreign exchange component forms part of the fair value
gains or losses and is recognised in Statement of Profit and Loss.

n. Derecognition of financial liabilities

The Company derecognises financial liabilities when, and only when, the Company’s obligations are
discharged, cancelled or have expired.
q. Offsetting Financial Instruments

Financial assets and liabilities are offset and the net amount is reported in the Balance Sheet where there
is a legally enforceable right to offset the recognised amounts and there is an intention to settle on a net
basis or realise the asset and settle the liability simultaneously. The legally enforceable right must not be
contingent on future events and must be enforceable in the normal course of business and in the event of
default, insolvency or bankruptcy of the Company or the counterparty.

xiv. Impairment of non-financial assets

Property, plant and equipment and other intangible assets represent a significant proportion of the asset base
of the Company. The charge in respect of periodic depreciation / amortisation is derived after determining an
estimate of an asset’s expected useful life and the expected residual value at the end of its life. The useful
lives and residual values of Company’s assets are determined at the time the asset is acquired and reviewed
periodically. The lives are based on historical experience with similar assets as well as anticipation of future
events, which may impact their life, such as changes in technology. The estimated useful life is reviewed at least
annually.

xv. Cash Flow Statement

Cash flows are reported using the indirect method, whereby loss for the period is adjusted for the effects of
transactions of a non-cash nature, any deferrals or accruals of past or future operating cash receipts or payments
and item of income or expenses associated with investing or financing cash flows. The cash flows from operating,
investing and financing activities of the Company are segregated.

xvi. Events occurring after the balance sheet date

Based on the nature of the event, the company identifies the events occurring between the balance sheet date
and the date on which the financial statements are approved as ‘Adjusting Event’ and ‘Non-adjusting event’.
Adjustments to assets and liabilities are made for events occurring after the balance sheet date that provide
additional information materially affecting the determination of the amounts relating to conditions existing at the
balance sheet date or because of statutory requirements or because of their special nature. For non-adjusting
events, the company may provide a disclosure in the financial statements considering the nature of the transaction.

xvii. Business combinations and intangible assets

Business combinations are accounted for using IND As 103, Business Combinations. Ind as 103 requires us to
fair value identifiable intangible assets and contingent consideration to ascertain the nest fair value of identifiable
assets, liabilities and contingent liabilities of the acquiree These valuations are conducted by external valuation
experts. Estimated are required to be made in determining the value of contingent consideration, measurements
are based on information available at the acquisitions date and are based on expectations and assumptions that
have been deemed reasonable by the Management (Refer to note 40).

(ii) Revaluation of IP addresses

The management determined that IP addresses constitute one class of asset, based on the nature and characteristics.
The effective date of revaluation is 31 March 2026. The revaluation of IP addresses is based on the valuation by a
registered valuer as defined under rule 2 of Companies (Registered Valuers and valuation) Rules, 2017.

For details of amount of the revaluation surplus that relates to intangible assets at the beginning and end of the period, the
changes during the period and any restrictions on the distribution of the balance in revaluation surplus to shareholders,
refer note 13.

(iii) Assets with indefinite useful life

Indefinite-lived intangible assets consist of Internet Protocol (“IP”) addresses. IP are the numerical addresses used to
identify a particular piece of hardware connected to the Internet. Since the IP Address’s usefulness to the business is
not limited by time, or any other factors, the life of these assets have been estimated as indefinite.

(i) Trade receivables are non-interest bearing and are generally on terms of 0 to 30 days. Refer note 31 for details of
Company’s credit risk policy and exposure.

(ii) No trade or other receivable are due from directors or other officers of the company either severally or jointly with any
other person. Except as disclosed in Note 36 no trade or other receivable are due from firms or private companies
respectively in which any director is a partner, a director or a member.

(iii) During the year the company has written off debtors amounting to INR 70.85 Lakhs.

*Note

The Company raised INR10,700 Lakhs in equity share capital through a Qualified Institutional Buyers (“QIB”) via
Qualified Institutional Placement (“QIP”) of 4,28,000 equity shares, face value of INR10 each and at a premium of
INR 2,490 per share. This issue was approved by the Board on September 29, 2025, followed by members’ approval
on October 30, 2025. These shares were allotted on February 26, 2026.

(iv) Terms/rights attached to equity shares

The Company has only one class of equity shares having a par value of INR 10 per share (March 31,2025: INR 10
each). Each shareholder is eligible for one vote per share held. In the event of liquidation, the equity shareholders
are eligible to receive the remaining assets of the Company after distribution of all preferential amounts, in proportion
to their shareholding.

(viii) Information regarding issue of shares in last five financial years FY 2021-22 to FY 2025-26:-

a. The Company has not allotted any shares as fully paid up pursuant to contract(s) without payment being received in
cash.

b. The Company has not issued any shares in aggregate number and class of shares allotted by way of bonus shares.

c. The Company has not reserved any shares for issue under options and contracts or commitments for sale of shares or
disinvestments.

d. The Company has issued shares under employee stock option plan(ESOP). (Refer to note 35).

13.1 Nature and purpose of other equity

(a) Shares based payment reserve: The share option outstanding account is used to record the value of equity-
settled share based payment transactions with employees. The amounts recorded in this account are transferred
to General reserve upon exercise of stock options by employees from 1 April 2025 onwards.

(b) Securities premium reserve: This represents premium received on issue of shares.

(c) Retained earnings: Retained earnings are the profits that the Company has earned till date, less any transfers to
general reserve, dividends or other distributions paid to shareholders. Retained earnings includes re-measurement
gain/(loss) on defined benefit plans, net of taxes that will not be reclassified to Statement of Profit and Loss.
Retained earnings is a free reserve available to the Company and eligible for distribution to shareholders, in case
where it is having positive balance representing net earnings till date.

(d) Revaluation Surplus: This reserve represents reserve created out of revaluation of other intangible assets. These
does not represent free reserve and accordingly, not available to the Company for distribution to shareholders.

(e) General reserve: The Company created a General Reserve in earlier years pursuant to the provisions of the
Companies Act,1956 where in certain percentage of profits were required to be transferred to General Reserve
before declaring dividends. As per Companies Act 2013, the requirements to transfer profits to General Reserve is
not mandatory. General Reserve is a free reserve available to the company.

13.2 Shares held under ESOP Trust

The Company has created an Employee Stock Option Plan (ESOP) for providing share-based payment to its employees.

ESOP is the primary arrangement under which incentives are provided to certain specified employees of the Company.

The Company treats ESOP Trust as its extension and shares held by ESOP trust are treated as treasury shares.

For the details of shares reserved for issue under the Employee Stock Option Plan (ESOP) of the Company refer Note

35.

Terms of borrowings

(i) Term loan with outstanding balance as at 31 March, 2026 INR 10,320.30 Lakhs (31 March, 2025: INR 1,140.70 Lakhs)
is payable in structured periodic installments. These loan carries an interest rate between 7.75 % - 8.60% . The amount
payable in next 12 months of INR 2,316.25 Lakhs (31 March, 2025 : INR 531.01 Lakhs) has been shown under the head
Borrowings - Current as Current maturity of long term borrowings.

(ii) The term loans are secured by an exclusive charge on the fixed assets acquired against such loans and by pari passu
charge over the Company’s current assets, including both present and future assets.

* Trade receivables are non-interest bearing and are generally on terms of 0 to 30 days (March 31,2025: 0 to 30 days).
As on March 31,2026, an amount of INR 60.06 Lakhs (March 31,2025 is INR 76.79 Lakhs) is recognised as provision
for expected credit losses on trade receivables. Also refer note 31(A) for movement of provision for expected credit
losses on trade receivables.

Sub Notes:

1. The contract assets primarily relate to the Company’s rights to consideration for work completed but not billed at the
reporting date i.e. unbilled revenue. The contract assets are transferred to the receivables when the rights become
unconditional.

2. Contract liability relates to payments received in advance of performance i.e. advance from customers and deferred
sales revenue against which amount has been received from customer but services are yet to be rendered on the
reporting date either in full or in parts. Contract liabilities are recognized evenly over the period of service, being
performance obligation of the Company.

Changes in contract liabilities (excluding advance from customers) during the years ended March 31, 2026 and
March 31,2025 were as follows:-

b) Post-employment obligations - Gratuity Plan

The Company provides gratuity for employees as per the Payment of Gratuity Act, 1972. Employees who are in
continuous services for a period of 5 years are eligible for gratuity. The amount of gratuity payable on retirement/
termination is the employees last drawn basic salary per month computed proportionately for 15 days salary multiplied
for the number of years of service. The gratuity plan is an unfunded plan.

c) Exceptional items: The Code on Social Security, 2020 (New Labour Code) :

Effective November 21, 2025, the Government of India consolidated 29 existing labour regulations into four Labour
codes, namely, The Code on Wages, 2019, The Industrial Relations Code, 2020, The Code on Social Security, 2020
and the Occupational Safety, Health and Working Conditions Code, 2020, collectively referred to as the ‘New Labour
Codes’. The New Labour Codes has resulted in a one-time material increase in provision for employee benefits on
account of recognition of past service costs. Based on the requirements as per the of New Labour Codes and relevant
Accounting Standard, the Company has assessed and accounted the estimated incremental impact as Exceptional Item
in the statement of profit and loss for the year ended March 31, 2026 amounting to INR 15.26 Lacs. Upon notification
of the related Rules to the New Labour Codes by the Government and any further clarification from the Government on
other aspects of the New Labour Codes, the Company will evaluate and account for additional impact if any, determined
in subsequent periods.

(b) Fair value hierarchy

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

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices.

Level 2: The fair value of financial instruments that are not traded in an active market (for example: foreign exchange
forward contracts) is determined using valuation techniques which maximize the use of observable market data and
rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an instrument are
observable, the instrument is included in level 2.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in
level 3.

There are no transfer of levels during the year.

The fair values lease liabilities were calculated based on cash flows discounted using a incremental borrowing rate.

As of March 31,2026 and March 31,2025, the fair value of trade receivables, cash and cash equivalent and other bank
balances, other current financial assets and liabilities, trade payables approximate their carrying amount largely due to
the short term nature of these instruments. For other financial assets and liabilities that are measured at amortised cost,
the carrying amounts approximate the fair value.

31. Financial risk management

The Company’s principal financial liabilities comprise of trade and other payables. The main purpose of these financial
liabilities is to provide finance to the Company to support its operations. The Company’s principal financial assets include
deposits, trade and other receivables, and cash and other bank balances that derive directly from its operations.

The Company is exposed to market risk, credit risk and liquidity risk. The Company’s senior management oversees the
management of these risks. The Company’s senior management 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.

(A) Credit risk

Credit risk refers to the risk of default on its obligation by the counter party resulting in a financial loss.

Financial instruments that potentially subject the Company to concentration of credit risk consist primarily of its cash
and cash equivalents and receivables. To reduce credit risk, the Company performs ongoing credit evaluations of its
customers and limits the amount of credit extended when deemed necessary. Generally, the Company requires no
collateral from its customers. The Company maintains an allowance for potential credit losses, but historically has not
experienced any significant losses related to individual customers or groups of customers.

The Company’s cash and cash equivalents are deposited with financial institutions and invested in bank deposits that
the Company believes are of high credit quality.

On account of adoption of Ind AS 109, the Company uses expected credit loss (ECL) model to assess the impairment
loss or gain. The Company uses a provision matrix to compute the expected credit loss allowance for trade receivables.
The provision matrix takes into account available external and internal credit risk factors such as Company’s historical
experience for customers.

(B) Liquidity risk

Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time or at
reasonable price. The Company’s objective is to at all times maintain optimum levels of liquidity to meet its cash and
liquidity requirements. The Company closely monitors its liquidity position and maintains adequate source of financing,
if required, through the use of short term bank deposits, demand loans, commercial credit cards and cash credit facility.
Processes and policies related to such risks are overseen by senior management.

(C) 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 prices comprises three types of risk: currency rate risk, interest rate risk and other price risks,
such as equity price risk and commodity price risk. Financial instruments affected by market risks majorly includes
foreign currency receivables and payables. The Company has in place appropriate risk management policies to limit the
impact of these risks on its financial performance. The Company ensures optimization of its cash through fund planning
and robust cash management practices.

(a) Interest 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. A majority of the financial assets and liabilities are non interest bearing or fixed
interest bearing instruments.

32. Capital management

For the purposes of the Company’s capital management, Capital includes equity attributable to the equity holders of the
Company and all other equity reserves. The primary objective of the Company’s capital management is to ensure that it
maintains an efficient capital structure and maximize shareholder value. The Company manages its capital structure and
makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. To maintain
or adjust the capital structure, the Company may adjust the dividend payment to shareholders or issue new shares. The
Company is not subject to any externally imposed capital requirements.

The Company monitors the capital structure on the basis of total debt to equity ratio and maturity profile of the overall
debt portfolio of the Company. Total borrowings includes all long and short-term borrowings as disclosed in Note 14 to the
financial statements. Equity comprises all components of equity.

34. Segment information

As per Ind AS 108, Operating segments have been defined based on the regular review by the Company’s Chief Operating
Decision Maker to assess the performance of each segment and to make decision about allocation of resources. The
Company’s business activities fall within single primary business segment, viz, provision of cloud computing services.
Accordingly, disclosures under Ind AS 108, Operating Segments are not required to be made.

35. Share-based payments

The Company instituted the Employee Stock Option Plan(s) to grant equity based incentives to eligible employees of
Company. The ESOP plan “E2E ESOP Scheme 2018”. (“The 2018 Scheme”) has been approved by the shareholders of
the Company at their meeting held on March 1,2018 for grant aggregating 400,000 options of the Company. The Scheme
covers grant of options to the specified permanent employees of the Company including any Director whether whole-time or
otherwise but excluding the Independent Director and Promoter of the Company.

The “E2E Networks Limited Employees Stock Option Scheme - 2021” (“The 2021 Scheme”) has been approved by
shareholders of the Company on April 5, 2021 through postal ballot for granting aggregate 15,00,000 options. The Scheme
covers grant of options to the specified permanent employees of the Company including any Director whether whole-time
or otherwise but excluding the promoters, Independent Director and directors who either himself or through his relative or
through any body corporate, directly or indirectly holds more than 10% of the outstanding equity shares of the Company.

Sub-note:

The Cash flows has been prepared as per “Indirect method” set out in Indian Accounting Standard (IND AS-7) “ Statement
of Cash Flows”.

40. Disclosures pursuant to Ind AS 103 “Business Combination

(i) Acquisition of Identified Assets of Jarvis Labs AI Private Limited:-

The Company entered into an assets purchase agreement dated August 28, 2025 with Jarvis Labs AI Private Limited
for the acquisition of identified assets to enhance its AI/ML capabilities. This acquisition includes intellectual property,
hardware, domain expertise, and customer assets, which will significantly expand E2E Networks’ service offerings in
AI and machine learning. The acquisition is expected to add new technology and resources to the company, open up
fresh revenue streams, and business opportunities in the fast-growing AI sector. By integrating Jarvis Labs’ expertise,
E2E aims to create a more comprehensive ecosystem for developers, enterprises, and research organizations looking
for advanced AI computing solutions.

41 Other Statutory Information:-

1. The Company does not have any Benami property, where any proceeding has been initiated or pending against the
Company for holding any Benami property.

2. The Company does not have any charges pending satisfaction with ROC beyond the statutory period.

3. 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.

4. 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.

5. The Company do not have any transactions with companies struck off.

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

7. The Company have no 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).

43. The figures of the previous year have been re-classified according to current year classification wherever required.

44. Recent 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.

1. In May 2025, amendments to Ind AS 21 - The Effects of Changes in Foreign Exchange Rates, applicable w.e.f. April 1,
2025. The Company has reviewed the amendment and based on its evaluation has determined that it does not have
any significant impact in its financial statements.

2. In August 2025, amendments to Ind AS 7, Statement of Cash Flows and Ind AS 107, Financial Instruments: Disclosures,
applicable w.e.f. April 1, 2025 - the amendment in Ind AS-7 requires to inform users of financial statements of the
existence of supplier finance arrangements and explain the nature of the arrangements, the carrying amount of liabilities
and the range of payment due dates. Ind AS 107 has been amended to add supplier finance arrangements as a factor
that may cause concentration of liquidity risk. The Group has reviewed the amendment and based on its evaluation has
determined that it does not have any impact in its financial statements.

3. Ind AS 12, International Tax Reform - Pillar Two Model Rules applicable immediately - The amendments provide a
temporary mandatory relief from deferred tax accounting for top-up tax and disclose that they have applied the relief.
This relief is immediate and applies retrospectively.