Note 34 Segment Reporting

1. Business Segment:

(I) The business segment has been considered as the primary segment.

(II) The Company's primary business segments are reflected based on principal business activities, the nature of service, the differing risks and returns, the organisation structure and the internal financial reporting
system.

(iii) The Company's primary business comprises of business segments viz., Services, Product.

(iv) Segment revenue, results, assets and liabilities include amounts identifiable to each segments allocated on a reasonable basis.

(v) The accounting policies adopted for segment reporting are in line with the accounting policies adopted for preparation of financial information.

Note 36

The company has made an investment in a newly incorporated wholly owned subsidiary Alankit ID Consulting Pvt Ltd. Effective from December 30, 2024
Note 37

The Company entered into an agreement on December 4, 2023 with Pratishtha Images Pvt Ltd, a related party as defined under Ind AS 24, for the purchase of immovable property for a total
consideration of Rs. 5400 Lakhs. As on 31 March 2026, the Company has paid Rs.5393 Lakhs; however, the legal transfer of the property is yet to be transfered. Accordingly, the amount of has
been included in the Advance agaisnt property under Other Non-Current Assets. (refer note 8)

Note 40

The Company has invoked the arbitration against NSDL E Governance Infrastructure Limited and claiming Rs. 7529.20 Lakhs and NSDL E Governance Infrastructure Ltd. Claimed Rs. 2854.43
Lakhs via its counter claim against the company. The Arbitration award was received on 11th August 2022 and not being satisfied, the company filed an appeal before the Hon'ble Bombay High
Court against the Said arbitration award. As a result of Prolong negotiations, both the parties agreed at a final sum of Rs. 934.98 Lakh payable by NSDL E Governance infrastructure Ltd (Now
Known as Protean eGov Technologies Ltd.) to the company and same was Consentend by a settlement dated October 3, 2024 before The Hon'ble Bombay High Court.

Note 41

The Bank guarantee of Rs. 1 cr. is recoverable from MCGM and accounted as recoverable in the books of accounts of the company. The writ filed by the company in the said matter is pending for
disposal in Bombay High Court.

Note 42 (a )

The Exceptional Item of expenditure in financial year 2024-25 amounting to Rs. 592.26 lakhs represents the sum payable to a vendor as per the consent terms of commercial dispute determined
under arbitration through legal process.

Note 42 ( b)

During the financial year, the company recognised ^865.90 lakh as other income from written back of certain outstanding trade payables and ^1285.39 lakh as other expense by writing off non¬
recoverable trade receivables, as part of its ongoing initiatives to streamline working capital and present a true and fair financial position.

xv) During the year any Scheme of Arrangements has not been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

xvi) Utilisation of Borrowed funds and share premium:-

A) The company has not advanced or loaned or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other

(i) 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

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

(B) The company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether

(i) 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

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

44 (A) Financial instruments

(i) F air values hierarchy

Financial assets and financial liabilities measured at fair value in the statement of financial position are classified into three Levels of a fair value hierarchy. The three levels are defined based on the observability of significant
Level 1: Quoted prices (unadjusted) in active markets for financial instruments.

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques which maximise the use of observable market data rely as little as possible on entity specific
estimates.

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

(ii) Fair value of instruments measured at amortised cost

Fair value of instruments measured at amortised cost for which fair value is disclosed is as follows:

44 (B) Financial risk management

The Company’s activities expose it to market risk, liquidity risk and credit risk. The Company's board of directors has overall responsibility for the establishment and oversight of the Company's risk management framework. This
note explains the sources of risk which the entity is exposed to and how the entity manages the risk and the related impact in the financial statements.

1) Credit risk

Credit risk is the risk that a counterparty fails to discharge an obligation to the company. The company is exposed to this risk for various financial instruments, for example by granting loans and receivables to customers, placing
deposits, etc. The company’s maximum exposure to credit risk is limited to the carrying amount of following types of financial assets.

- cash and cash equivalents,

- trade receivables,

- loans & receivables carried at amortised cost, and

- deposits with banks

Credit risk management

Credit risk rating

The Company assesses and manages credit risk based on internal credit rating system, continuously monitoring defaults of customers and other counterparties, identified either individually or by the company, and incorporates
this information into its credit risk controls. Internal credit rating is performed for each class of financial instruments with different characteristics. The Company assigns the following credit ratings to each class of financial assets
based on the assumptions, inputs and factors specific to the class of financial assets.

Cash & cash equivalents and bank deporits

Credit risk related to cash and cash equivalents and bank deposits is managed by only accepting highly rated banks and diversifying bank deposits and accounts in different banks.

Trade receivables

Company's trade receivables are considered of high quality and accordingly no life time expected credit losses are recognised on such receivables.

Other financial assets measured at amortised cost

Other financial assets measured at amortized cost includes advances to employees. Credit risk related to these other financial assets is managed by monitoring the recoverability of such amounts continuously, while at the same
time internal control system in place ensure the amounts are within defined limits.

2) Liquidity risk

Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of funding through an adequate amount of committed credit facilities to meet obligations when due. Due to the
nature of the business, the Company maintains flexibility in funding by maintaining availability under committed facilities.

Management monitors rolling forecasts of the Company’s liquidity position and cash and cash equivalents on the basis of expected cash flows. The Company takes into account the liquidity of the market in which the entity
operates. In addition, the Company’s liquidity management policy involves projecting cash flows in major currencies and considering the level of liquid assets necessary to meet these, monitoring balance sheet liquidity ratios
against internal and external regulatory requirements and maintaining debt financing plans

3) Market risk

a) Interest rate risk

The Company is not exposed to changes in market interest rates as all of the borrowings are at fixed rate of interest. Also the Company’s fixed deposits are carried at amortised cost and are fixed rate deposits. They are therefore
not subject to interest rate risk as defined in Ind AS 107, since neither the carrying amount nor the future cash flows will fluctuate because of a change in market interest rates.

b) Price risk
Exposure

The Company’s exposure to price risk arises from investments held and classified as FVTPL. To manage the price risk arising from investments in mutual funds and equity investment, the Company diversifies its portfolio of
assets.

44('C) Capital management

The Company’ s capital management objectives are
to ensure the Company’s ability to continue as a going concern
to provide an adequate return to shareholders

Management assesses the Company’s capital requirements in order to maintain an efficient overall financing structure. This takes into account the subordination levels of the Company’s various classes of debt. 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.

Note 45

In opinion of the management, the current assets, loans and advances are expected to realise the amount at which they are stated, if realised in the ordinary course ofbusiness and provision of known liabilities have
adequately made in the accounts.

Note 46

Figures for previous year have been regrouped / rearranged wherever considered necessary.

Note 47

Figures have been rounded off to the nearest Rupees in Lakh