i) Property, plant and equipment pledged as security. Refer note 17(c)

ii) There are no proceedings that have been initiated or pending against the Company under the Prohibition of Benami Property Transactions Act, 1988, as amended, as the Company does not hold any benami properties.

iii) The Company does not own any immovable properties and w.r. to the leased premises the lease agreements are duly executed in favour of the lessee.

iv) The Company has not revalued its property, plant and equipment or intangible assets or both during the current or previous year.

v) Software includes own developed software Gross block ' 1612 Lakhs (31 March 2025'1,426 Lakhs); Net block ' 288 Lakhs (31 March 2025'204 Lakhs)

vi) Software includes boughtout software Gross block ' 185 Lakhs (31 March 2025'169 Lakhs); Net block ' 49 Lakhs (31 March 2025'42 Lakhs )

vii) Intangibles under development (IUD)*

Intangibles under development represents the internally developed software which will be used to earn licensing income.

1. Discounting rate used for the purpose of computing right of use asset w.r.t building @ 8% and equipments @ 9%.

2. Rental amount per annum is ' 274 lakhs, which also carries clause of extension of agreements based on mutual understanding between Lessor and Lesse.

3. Right of Use asset is depreciated on a straight line basis over their respective lease period.

4. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any major covenants other than security deposit in the leased assets that are held by the lessor. Lessed asset are not used as security for borrowing purposes.

5. The company did not enter into lease contracts that contain variable lease options.

6. Escalation clause - the percentage of escalation varies from 3 % to 13%.

7. Refer Note 18(d) for note on short term leases.

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

a) The recoverable amount of investments in all the subsidiaries, were assessed by the management internally and it was observed that the estimated service potential of these investments have not increased materially. Hence, the impairment of these investments was not reversed during the current year.

b) The impairment provision for all subsidiaries, has already been recorded over the previous years.

c) The Company had a wholly owned subsidiary M/s Inspirisys Solutions DMCC (ISDMCC). The investment made and the advances given to ISDMCC was provided in the books of the Company during the financial year 2021-22. The Board in their meeting held on 28 September 2023 decided to voluntarily windup and liquidate ISDMCC in the best interest of the Company. The liquidation process got completed and received the dissolution order from DMCC authorities on 05 May 2025. The dissolution of the wholly owned subsidiary does not have any material impact on the standalone financial statements of the Company for the year ended 31 March 2026. The Company has applied to its Authorised Dealer banker for liquidation of the subsidiary.

d) Inspirisys Solutions Kabhushiki Kaisha, Japan (ISJKK) is a wholly owned subsidiary of the Company. The board of directors of the Company in their meeting held on 07 February 2025 has given its consent and approval for initiating the process of voluntary liquidation of ISJKK. This decision has been taken in the best interest of the company, since it had been inactive for a considerable period and is not currently engaged in any business operations with no foreseeable business opportunities or prospects that could ensure the revival or growth of ISJKK. The liquidation was approved by order dated 14 August 2025 from Tokyo Legal Affairs Bureau. The dissolution of the wholly owned subsidiary does not have any material impact on the standalone financial statements of the Company for the year ended 31 March 2026. The Company has received the approval from its Authorised Dealer banker for liquidation of the subsidiary and accordingly necessary entries have been passed basis the resolution passed in the board meeting dated May 08, 2026. Refer note 35(c).

a) Trade receivables include due from related parties amounting to ' 341 lakhs as on 31 March 2026 (31 March 2025: ' 754 lakhs). The carrying amount of the current trade receivables is considered a reasonable approximation of fair value as is expected to be collected within twelve months, such that the effect of any difference between the effective interest rate applied and the estimated current market rate is not significant.

b) All of the Company's trade receivables have been reviewed for indicators of impairment. The Company has impaired its trade receivables using a provisioning matrix representing expected credit losses based on a range of outcomes.

c) Further, the Company has trade receivables of ' Nil Lakhs (' 378 Lakhs as on 31 March 2025) from its wholly owned subsidiary named Inspirisys Solutions DMCC, Dubai (ISDMCC). ISDMCC has accumulated losses as at 31 March 2026 and 31 March 2025 and negative net-worth as at 31 March 2026. ISDMCC has incurred continuous losses over the last several years particularly during and after Covid Pandemic and the Board in their meeting held on 28^th September 2023 decided to voluntarily windup and liquidate ISDMCC in its best interest. Considering the financial position of the subsidiary, the Company has provided for allowance for credit losses for the entire receivables, investment and loan in the standalone financial statements. The receivable balances have been writen off consequent to liquidation of the Company. Also, refer note 6(c) and note 35.

d) The Company has trade receivables of ' Nil Lakhs (' 200 Lakhs as on 31 March 2025) from its wholly owned subsidiary named Network Programs (USA) Inc., USA (NPUS). NPUS has accumulated losses as at 31 March 2026 and 31 March 2025 and negative net-worth as at 31 March 2026. Considering the financial position of the subsidiary, the Company has written-off the receivable balance which was provided in the previous years. Refer note 35.

e) Customer credit risk is managed based on the Company's established policy, procedures and control relating to customer credit risk management, pursuant to which outstanding customer receivables are regularly monitored by the management to ensure that the risk of credit loss is minimal. Credit quality of a customer is assessed based on historical information in relation to pattern of collections, defaults and credit worthiness of the customer.

*The Company has provided Income Tax for the year ended March 31, 2026 based on normal provisions of the Income tax Act 1961. The Company during the year ended 31 March 2026 has recognized Minimum Alternate Tax credit under section 115-JB of the Income Tax Act, 1961 amounting to ' 1,423 Lakhs relating to the period upto March 31 2025 . The Company expects to utilise the same, against future taxable profits based on internal management assessment, within the specified period.

*The Company also has an long term capital loss of ' 790 lakhs on account of writing off the investments in one of the subsidiary named Inspirisys Solutions IT Resources Ltd, India. The long term capital loss unutlised are due for expiry within 8 assessment years from the end of assessment year 2025-26. The Company may not have long term capital gains in the near future, hence deferred tax on the same has not been created.

e) Terms / rights attached to equity shares

The Company has one class of equity shares having a par value of ' 10 per share. Each shareholder is eligible for one vote per share held. The Company declares and pays dividends in Indian Rupees. The dividend proposed by the Board of Directors, if any, is subject to the approval of the shareholders in the ensuing Annual General Meeting, except interim dividend. 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 share holding.

f) There were no shares issued pursuant to contract without payment being received in cash, allotted as fully paid up by way of bonus issues and bought back during the last 5 years immediately preceding 31 March 2026.

g) In terms of the Settlement Agreement and Release dated 15 March 2017 entered into between Inspirisys Solutions Limited ('the Company'), CAC Holdings Corporation, Japan (the current promoter) and Accel Limited, Mr N R Panicker and Accel Systems Group Inc, (the erstwhile promoter group of Accel Frontline Limited) 44,64,279 shares (representing 11.27% (previous year: 11.27%) of the shareholding of the company) held by the erstwhile promoter group was transferred by such erstwhile promoter group to a Trust between 21 July 2017 and 25 August 2017. The Company does not control this trust including the decisions relating to dealing with these shares. However, the Company is the end beneficiary only of the consideration if and when the shares are sold by the trustees.

h) Capital management policies and procedures The Company's capital management objectives are:

- to safeguard the Company's ability to continue as a going concern, and continue to provide optimum returns to the shareholders and all other stakeholders by building a strong capital base.

- to maintain an optimum capital structure to reduce the cost of capital.

In order to maintain or adjust the capital structure, the Company may adjust the return capital to shareholders, issue new shares, or sell investments / other assets to reduce debt.

For the purpose of the Company's capital management, capital includes issued equity capital and all other equity reserves attributable to the equity holders plus its borrowings and cash credit facility, if any, less cash and cash equivalents as presented on the face of the balance sheet. The Company manages the capital structure and makes adjustments to it in the light of changes in economic conditions and the risk characteristics of the underlying assets. The amounts managed as capital by the Company for the reporting years are summarized as follows:

c) Accumulated other comprehensive income

Represents remeasurement of defined benefit liability which comprises of actuarial gains and losses, the effect of the asset ceiling, excluding amounts included in net interest on the net defined benefit liability.

d) Retained earnings

Retained earnings represents the amounts of accumulated earnings of the Company.

e) Foreign currency translation reserve

Exchange differences arising on translation of the foreign operations of branch is recognised in other comprehensive income as described in accounting policy and accumulated in a separate reserve within equity.

c) Details of security

• The Company has availed PSCFC (Post Shipment Credit in Foreign Currency) worth ' 84 lakhs (as at 31 March 2025: ' Nil) from Sumitomo Mitsui Banking Corporation at an interest rate of relevant period SOFR applicable credit cost 0.7% p.a. i.e., ranging from 7% to 8% for the year ended 31 March 2026 (as at 31 March 2025: 7% to 8%) which is secured by a Corporate Guarantee provided by CAC Holdings Corporation, Japan. The same is repayable on the respective due dates of each drawdown, which is generally less than 12 months.

• The Company has a financing facility from HDFC bank limited to the tune of ' 2,000 lakhs (Fund based ' 200 lakhs and Non Fund Based ' 1,800 lakhs ) as at 31 March 2026. This facility is secured by First and exclusive charge on the fixed assets and current assets of the company. The Company has not utilised this facility during the year and the balance as at 31 March 2026 is ' Nil.

• The Company has a financing facility from Axis Bank to the tune of ' 260 lakhs (Non Fund Based ' 260 lakhs) as at 31 March 2026 (' 260 lakhs (Non Fund Based ' 260 lakhs) as at 31 March 2025). This loan is secured by 100% Cash Collateral and is being closed on a run down basis. The charges against this facility has been satisfied on 02 April 2026.

d) The outstanding short-term facilities are secured by the corporate guarantee provided by the holding company and these are not secured against the current assets of the Company.

e) The Company is generally regular in repayment of its borrowings and hence, it has not been declared as wilful defaulter by any bank or financial institutions.

f) The Company has duly registered all the creation and satisfaction of the charges with the Registrar of Companies on or before the prescribed time limit.

g) The statements submitted with the bankers are in agreement with books and records.

34 Employee benefits expenses Defined Contribution Plan

The Company makes Contributions, determined as a Specified Percentage of Employee Salaries, in respect of Qualifying Employees towards the Provident Fund, which is a Defined Contribution Plan. The Company has No Obligations other than to make the Specified Contributions. These Contributions are charged to the Statement of Profit and Loss. The Amount Recognized as an Expense towards Contribution to the Provident Fund for the year ended March 31, 2026, aggregates to ' 430.43 Lakhs (year ended March 31, 2025: ' 394.52 Lakhs).

The Major Defined Contribution plans operated by the Company are as below:

(a) Provident Fund and Pension

In accordance with the Employee's Provident Fund and Miscellaneous Provisions Act, 1952, eligible employees of the Company are entitled to receive benefits in respect of Provident Fund, a Defined Contribution Plan, in which both Employees and the Company make monthly contributions at a Specified Percentage of the Covered Employees' Salary.

The Contributions, as specified under the law, are made to Employee Provident Fund Organisation. i) Gratuity

In accordance with applicable Indian laws, the Company provides for gratuity, a defined benefit retirement plan ("the Gratuity Plan") covering eligible employees. The Gratuity Plan provides for a lump sum payment to vested employees on retirement (subject to completion of five years of continuous employment), death, incapacitation or termination of employment that are based on last drawn salary and tenure of employment. Liabilities with regard to the Gratuity Plan are determined by actuarial valuation on the reporting date and the Company makes annual contribution to the gratuity fund maintained by Life Insurance Corporation.

Effective 21 November 2025, Government of India has consolidated multiple existing labour legislations into a unified framework comprising four Labour Codes - 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 - consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Company has assessed and disclosed the incremental impact of these changes on the basis of the best information available, consistent with the guidance provided by the Institute of Chartered Accountants of India. Considering the materiality and regulatory-driven, non-recurring nature of this impact, the Company has presented such incremental impact under "Exceptional items" which consist of gratuity in the Standalone statement of profit and loss for the year ended March 31, 2026 of Rs 381 Lakhs. The Company continues to monitor the finalisation of Central / State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed.

The Company assesses these assumptions with the projected long-term plans of growth and prevalent industry standards.

The estimates of rate of escalation in salary considered in actuarial valuation takes into account inflation, seniority, promotion and other relevant factors including supply and demand in the employment market. The above information is certified by the actuary. The discount rate is based on the prevailing market yields of Indian government securities as at the balance sheet date for the estimated term of the obligations.

Based on historical data, the Company expects contributions of ' 1561 lakhs to be paid in 2026-27. The weighted average duration of the defined benefit obligation as at 31 March 2026 is 3 years (31 March 2025: 3 years).

Interest rate risk

The present value of the defined benefit liability is calculated using a discount rate determined by reference to market yields of high quality corporate bonds. The estimated term of the bonds is consistent with the estimated term of the defined benefit obligation and it is denominated in Indian rupees. A decrease in market yield on high quality corporate bonds will increase the Company's defined benefit liability, although it is expected that this would be offset partially by an increase in the fair value of certain of the plan assets. Investment risk

The company maintains plan assets in the form of fund with Life Insurance Corporation of India. The fair value of the plan assets is exposed to the market risks (in India).

Longevity risk

The Company is required to provide benefits for life for the members of the defined benefit liability. Increase in the life expectancy of the members, will increase the defined benefit liability.

Inflation risk

A significant proportion of the defined benefit liability is linked to inflation. An increase in the inflation rate will increase the Company's liability.

35 Related parties

The below note summarises the list of related parties of the Company and transactions with them. All transactions were made on normal commercial terms and conditions and at market rates:

b) Fair value measurement hierarchy

The Company records certain financial assets and financial liabilities at fair value on a recurring basis. The Company determines fair values based on the price it would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability.

The Company holds certain financial assets which must be measured using the fair value hierarchy and related valuation methodologies. The guidance specifies a hierarchy of valuation techniques based on whether the inputs to each measurement are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company's assumptions about current market conditions. The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.

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

> Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities.

> Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or

indirectly.

> Level 3: Unobservable inputs for the asset or liability.

Investment in Telesis Global Solutions Limited, India is impaired as more recent information is not available to measure fair value. The management had impaired the investment hence there is no carrying value for this investment.

* Does not include Investment in subsidiaries which are accounted at cost in accordance with Ind AS 27.

The fair values of the Company's interest-bearing borrowings and loans are determined under amortised cost method using discount rate that reflects the issuer's borrowing rate as at the end of the reporting period. These rates are considered to reflect the market rate of interest and hence the carrying value are considered to be at fair value.

Loans, cash and bank balances, trade receivables, other financial assets, trade payables and other financial liabilities have fair values that approximate to their carrying amounts due to their short-term nature.

37 Financial risk management

The Company's principal financial liabilities comprise of loans and borrowings, trade and other payables. The main purpose of these financial liabilities is to finance the Company's operations and to provide guarantees to support its and group companies operations. The Company's principal financial assets include loans, trade and other receivables, investments, cash and deposits that derive directly from its operations.

The Company is exposed to market risk, interest rate risk, foreign currency risk, credit risk and liquidity risk.

The Company's senior management oversees the management of these risks. The Company's senior management assesses the financial risks and the appropriate financial risk governance framework in accordance with the Company's policies and risk objectives. The Board of Directors review and agree on policies for managing each of these risks, which are summarised below.

a) Market risk

The Company is exposed to market risk through its use of financial instruments and specifically to currency risk, interest rate risk and certain other price risks, which result from both its operating and investing activities.

b) 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 Company's exposure to the risk of changes in market interest rates are managed by borrowing at fixed interest rates.

c) Interest rate sensitivity

The following table illustrates the sensitivity of profit to a reasonably possible change in interest rates of /- 1% for the year ended 31 March 2026 and 31 March 2025. These changes are considered to be reasonably possible based on observation of current market conditions. The calculations are based on a change in the average market interest rate for each period, and the financial instruments held at each reporting date that are sensitive to changes in interest rates. All other variables are held constant.

The following table illustrates the sensitivity of profit and equity in regards to the Company's financial assets and financial liabilities and the USD/' exchange rate, AED/' exchange rate and GBP/' exchange rate, 'all other things being equal'. It assumes a /- 1% change of the USD/' exchange rate for the year ended at 31 March 2026 (31 March 2025: /-1%), /- 1% change of the AED/' exchange rate for the year ended 31 March 2026 (31 March 2025: /- 1%) , /- 1% change of the JPY/' exchange rate for the year ended 31 March 2026 (31 March 2025: /- 1%) and a /- 1% change is considered for the GBP/' exchange rate for the year ended at 31 March 2026 (31 March 2025: /-1%).

If the ' had strengthened against the USD by 1% during the year ended 31 March 2026 (31 March 2025: 1%), AED by 1% during the year ended 31 March 2026 (31 March 2025: 1%), JPY by 1% during the year ended 31 March 2026 (31 March 2025: 1%) and GBP by 1% during the year ended 31 March 2026 (31 March 2025: 1%) respectively then this would have had the following impact on profit before tax and equity before tax:

If the ' had weakened against the USD by 1% during the year ended 31 March 2026 (31 March 2025: 1%), AED by 1% during the year ended 31 March 2026 (31 March 2025: 1%), JPY by 1% during the year ended 31 March 2026 (31 March 2025: 1%) and GBP by 1% during the year ended 31 March 2026 (31 March 2025: 1%) respectively then there would an equal but opposite effect on the above currencies to the amount shown above, on the basis that all other variables remain constant.

The Company continuously monitors defaults of customers and other counterparties, identified either individually or by the Company, and incorporates this information into its credit risk controls. The Company's policy is to transact only with counterparties who are highly creditworthy which are assessed based on internal due diligence parameters.

In respect of trade receivables, the Company is not exposed to any significant credit risk exposure to any single counterparty or any group of counterparties having similar characteristics except subsidiaries. Trade receivables consist of a large number of customers in various geographical areas. Based on historical information about customer default rates management consider the credit quality of trade receivables that are not past due or impaired to be good.

The credit risk for cash and bank balances are considered negligible, since the counterparties are reputable banks with high quality external credit ratings.

Other financial assets mainly comprises of rental deposits, security deposits and loans which are given to landlords or other governmental agencies in relation to contracts executed and related parties are assessed by the Company for credit risk on a continuous basis.

f) Liquidity risk

Liquidity risk is that the Company might be unable to meet its obligations. The Company manages its liquidity needs by monitoring scheduled debt servicing payments for long-term financial liabilities as well as forecast cash inflows and outflows due in day-today business. The data used for analysing these cash flows is consistent with that used in the contractual maturity analysis below.

Liquidity needs are monitored in various time bands, on a day-to-day and week-to-week basis, as well as on a monthly, quarterly, and yearly basis depending on the business needs. Net cash requirements are compared to available borrowing facilities in order to determine headroom or any shortfalls. This analysis shows that available borrowing facilities are expected to be sufficient over the lookout period.

The Company's objective is to maintain cash and bank's short term credit facilities to meet its liquidity requirements for 30-day periods at a minimum. This objective was met for the reporting periods. Funding for long-term liquidity needs is additionally secured by an adequate amount of committed credit facilities.

The Company considers expected cash flows from financial assets in assessing and managing liquidity risk, in particular its cash resources and trade receivables. Cash flows from trade receivables are all contractually due within twelve months except for retention and long term trade receivables which are governed by the relevant contract conditions.

The Company's objective is to maintain a balance between continuity of funding and flexibility through the use of short-term borrowings. The Company assessed the concentration of risk with respect to refinancing its debt and concluded it to be low. The Company has access to a sufficient variety of sources of funding and debt maturing within 12 months can be rolled over with existing lenders.

g) Price risk

The Group is exposed to price risks arising from investments in Mutual funds. These investments are held to gain better returns on the surplus funds generated and not for trading purposes. The sensitivity analyses given below have been determined based on the exposure to price risks at the end of the reporting period.

If prices had been 1% higher/lower, profit/ equity for the year ended 31 March 2026 would increase / decrease by ' 86.82 lakhs (31 March 2025: ' 43.77 lakhs) as a result of the changes in fair value of mutual funds measured at FVTPLI. There is no impact of change in price of mutual funds on other comprehensive income.

Reference

i. Total of current assets ii. Profit after tax iii. Profit before tax plus finance cost iv. Total of current liabilities v. Average of

trade receivables vi. Working capital vii. Average of total equity viii. Net Profit after taxes Non-cash operating expenses like

depreciation and other amortizations Interest other non cash adjustments ix. Total equity x. Total of Lease liabilities and

Borrowing paid during the year (including interest paid) xi. Average of inventories xii. Net Credit Purchases during the year xiii.

Average of trade payables xiv. Total equity, total borrowings and total lease liabilities.

Explanation

1. Variances are below 25%, hence no explanation is required.

2. The Company has availed post shipment credit facility as at the year ended 31 March 2026 resulting in increased debt-equity ratio.

3. Favourable variance due to increased operations and better turn-around time during the year coupled with reduced inventory as at the year end.

4. Increase in turnover times is on account of last quarter purchases.

5. Favourable variance on account of higher profits.

(b) The Company has not entered into any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

(c) There are no charges or satisfaction which are yet to be registered with ROC beyond the statutory period.

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

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

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

(g) 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 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 parties (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.

Note : (1) Sales Tax significantly represents claims against the company towards dispute on tax rates considered for certain

services rendered by the company and non-realisation of export proceeds.

(2) As at 31 March 2026, in respect of income tax matters disputed demands amounted to ' 5,540 Lakhs (' 5,495 Lakhs as at 31 March 2025). The demands majorly represent demands arising on completion of assessment proceedings under the Income Tax Act, 1961. These claims are on account of multiple issues of disallowances such as prior period expenses, Depreciation on Lease hold Improvements, application software, goodwill, IPO expenses, disallowances of profits earned by STPI unit, and certain provisions for employee benefits. Amount paid to statutory authorities against the tax claims amounted to ' 1,836 lakhs and ' 1,836 lakhs as at March 31, 2026 and March 31, 2025, respectively. Future cash outflows in respect of contingent liabilities are determinable only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the Company. The Company is contesting these demands and the Management, including its advisors, believe that its position will likely be upheld in the appellate process.

(3) Customs duty represents, claims towards dispute on duty rates considered for import of certain goods.

These matters are pending before various Appellate Authorities and the management including its tax advisors expect that its position will likely be upheld on ultimate resolution and will not have a material adverse effect on the Company's financial position and results of operations.

(4) Others represents legal proceedings and claims, which have arisen in the ordinary course of business and Company's management reasonably expects that these legal actions, when ultimately concluded and determined, will not have a material and adverse effect on the Company's results or financial condition.

44 Goodwill Impairment:

The Company in FY 2011-12 recognised Goodwill amounting to ' 1610 Lakhs pertaining to an acquisition of software business. In accordance with the requirements of Indian Accounting Standard (Ind AS) 36 'Impairment of Assets', the management has tested the same for impairment using a Discounted Cash Flow (DCF) model all these years. For the year ended March 31, 2025, the Company through an external valuer obtained the report to determine the recoverable value of the Cash Generating Unit (CGU) to which the Goodwill was associated. Based on such testing, the carrying amount of the CGU is higher than the value of Goodwill that was being carried in the books of the Company. However, the management after considering the factors such as US foreign policy Changes, political climate prevailing and Contractual uncertainties of the business for this CGU, is of the opinion to impair the carrying value of Goodwill and accordingly impaired the Goodwill amounting to ' Nil Lakhs (March 31, 2025'542 Lakhs). Following are the key assumptions used by the management to calculate the value in use.

45 Events after the reporting period

a) No adjusting or significant non-adjusting events have occurred since the reporting date.