The fair value of investment property is based on the valuation by a registered valuer as defined under rule 2 of Companies (Registered Valuers and Valuation) Rules, 2017 and the fair value measurement is categorised as Level 2 & 3.

The main inputs considered by the valuer are government rates, property location, market research & trends, contracted rentals, terminal yields, discount rates and comparable values, as appropriate. The best evidence of fair value is current price in an active market for similar properties. Where such information is not available,

the Company considers information from a variety of sources including:

i. Current prices in an active market for properties of different nature or recent prices of similar properties in less active markets, adjusted to reflect those differences.

ii. Capitalised income projections based upon a property's estimated net market income, and a capitalization rate derived from an analysis of market evidence.

Significant movement in estimated rental value, rent growth and discount rate (including exit yield) in isolation would result in significant movements in fair value of the properties.

c) Title deeds of all immovable investment properties are held in the name of the Company.

IV. During the current year, the Company invested H 772.31 crores in equity shares of Tata Communications (Netherlands) B.V. (‘TC NL’). As a result, TC NL, previously an indirect wholly owned subsidiary of the Company, became a direct wholly owned subsidiary effective 04 April 2025.

V. During the current year, the Company invested H 123.60 crores in equity shares of Solutions Infini Technologies (India) Private Limited (‘SI’). As a result, SI, previously an indirect wholly owned subsidiary of the Company, became a direct wholly owned subsidiary effective July 17, 2025.

In the opinion of the management, having regard to the nature of the subsidiaries’ business and future business projections, there is no diminution, other than temporary in the value of investment (refer note 2(c) (ii) (f)).

VI. During the current year, the Company has made additional investment of H 319.39 crores (31 March 2025 : H 281.44 crores) in equity shares of STT Global Data Centers India Private Limited (STT GDC).

VII. Based on the assessment of the management, the carrying value of investment in TTSL does not require any adjustment.

VIII. During the current year, the Company has made following investments:

a) Nil (31 March 2025 : H 8.93 crores) in equity shares of Nivade Windfarm Limited

b) Nil (31 March 2025 : H 0.02 crores) in equity shares of Green Infra Wind Farms Limited

c) H 0.04 crores (31 March 2025 : H 0.01 crores) in equity shares of Green Infra Wind Generation Limited

IX. During the current year, the Company has divested following investments:

a) Nil (31 March 2025 : H 0.02 crores) in equity shares of Radhapuram Wintech Private Limited.

b) H @ crores (31 March 2025 : Nil) in equity shares of SEIW Shamal Power Private Limited.

@ represents balance of amounts less than H 50,000

i. The Company has issued corporate guarantees for the loans and credit facility arrangements in respect of various subsidiaries.

ii. As at 31 March 2026, the proportionate share of pension obligations and payments of H 61.15 crores (31 March 2025: H 61.15 crores) to the erstwhile OCS employees is recoverable from the Government of India (the “Government”). Pursuant to discussion with the Government in prior years, the Company has made a provision of H 53.71 crores (31 March 2025: H 53.71 crores) resulting in a net amount due from the Government towards its share of pension obligations of H 7.44 crores (31 March 2025: H 7.44 crores).

The billing schedules agreed with customers include periodic performance based payments and / or milestone based progress payments. Invoices are payable within contractually agreed credit period.

No trade or other receivable are due from directors or other officers of the company either severally or jointly with any other person. Further there are no trade or other receivables that are due from firms or private companies respectively in which any director is a partner, a director or a member, other than those which has been disclosed in note 44.

i. Based on the Supreme Court order dated 8 October 2018, Telecom Regulatory Authority of India (‘TRAI’) issued amendment Regulations dated 28 November 2018 specifying charges for Cable Landing Station (‘CLS’) access. The new amendment Regulation on CLS dated 28 November 2018 became effective from date of its publication in official Gazette i.e. 28 November 2018. The Company had already separately challenged the jurisdiction of TRAI on issue of regulation on CLS in the Hon’ble Supreme Court which is pending adjudication. In the meantime, CLS Access seekers Reliance Jio Infocom (‘RJIO’), Bharat Sanchar Nigam Limited (‘BSNL’) and Association of Competitive Telecom Operators (‘ACTO’) filed a petition in Telecom Disputes Settlement Appellate Tribunal (‘TDSAT’) for declaring retrospective applicability of the newly notified amendment regulations dated 28 November 2018 on CLS, which was dismissed by TDSAT vide its judgment dated 16 April 2020. The order of TDSAT was challenged by RJIO and ACTO before Supreme Court by way of separate Statutory appeal wherein no stay was granted and the matter is pending for final adjudication as at the year end. During the earlier years, based on the Hon’ble Supreme Court direction, one of the customers paid H 70 crores for these services. The said receipt is without prejudice to the said customers’ rights and subject to the final outcome of the appeals and application pending in the Hon’ble Supreme Court. The gross receivable balances for these services (included in disputed trade receivables-considered good and disputed trade receivables - which have significant increase in credit risk) of H 107.37 crores (As at 31 March 2025 - H 107.28 crores), being sub judice are disclosed accordingly.

Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. 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.

c. Dividends:

Dividends paid during the year ended 31 March 2026 include an amount of H 25.00 per equity share towards final dividend for the year ended 31 March 2025. Dividends paid during the year ended 31 March 2025 include an amount of H 16.70 per equity share towards final dividend for the year ended 31 March 2024.

Dividends declared by the Company are based on the profit available for distribution. On 22 April 2026, the Board of Directors of the Company have proposed a dividend of H 17.50 per equity share in respect of the year ended 31 March 2026 subject to the approval of shareholders at the Annual General Meeting, and if approved, would result in cash outflow of approximately H 498.75 crores.

iii. The Company has not undertaken any buy-back of shares.

g. For employee share based payments - Refer note 37.

i. Capital reserve: includes H 205.22 crores (As at 31 March 2025 H 205.22 crores) in respect of foreign exchange gains on unutilised proceeds from Global Depository Receipts in earlier years.

ii. Securities premium: It is used to record premium received on issue of shares. The reserve is utilised in accordance with the provisions of the Companies Act, 2013.

iii. General reserve: Under the erstwhile Companies Act, 1956, a general reserve was created through an annual transfer of net profit at a specified percentage in accordance with applicable regulations. Consequent to the introduction of the Companies Act, 2013 the requirement to mandatorily transfer a specified percentage of net profit to general reserve has been withdrawn.

iv. Retained earnings: This reserve represents undistributed accumulated earnings of the Company as on the balance sheet date.

v. Other comprehensive income: This represents the cumulative gains and losses arising on the revaluation of equity instruments measured at fair value through other comprehensive income, net of amounts reclassified to retained earnings when those assets have been disposed off, changes in fair value of derivatives designated as cash flow hedges (net of taxes) and remeasurements of defined employee benefit plans (net of taxes).

vi. Share based payment reserve : The fair value of the equity-settled share based payment transactions is recognised in standalone Statement of Profit and Loss with corresponding credit to Share based payment reserve (refer note 37).

ii. Unsecured Debentures

During the current year, the Company issued 100,000, 6.77% rated, listed non-convertible redeemable unsecured debentures of face value H 0.01 crores each at premium (net of arrangement fees) amounting to H 999.18 crores. These debentures are due for redemption with a bullet repayment on 07 August 2028.

These debentures contain certain debt covenants, to be tested at Group level and as at the year end, the Company has satisfied all debt covenants prescribed and there are no defaults.

During the year ended 31 March 2024, the Company issued 175,000, 7.75% rated, listed non-convertible redeemable unsecured debentures of face value H 0.01 crores each at premium (net of arrangement fees) amounting to H 1,749.49 crores. The proceeds from these debentures were utilised towards refinancing of debts of its wholly owned subsidiaries. These are due for redemption with a bullet repayment on 29 August 2026.

These debentures contain certain debt covenants, to be tested at Group level and as at the year end, the Company has satisfied all debt covenants prescribed and there are no defaults during the current and previous year.

ii. During the period from May 2020 to November 2023, basis the self-assessment the Company had classified imports of certain goods into categories as prescribed under the Customs Tariff Act. However, based on judgement by the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) in earlier years such items were classified under a different category at a higher rate. Accordingly, the Company had filed request for reassessment of Bill of Entry under the CESTAT suggested category for these goods with the various Customs ports so that payment can be made for the differential amount of custom duty. During the current year, the Company has provided H 6.01 crores (31 March 2025: H 5.30 cores). Undisputed amount (including interest) not deposited for a period exceeding 6 months as on 31 March 2026 is H 35.44 crores (31 March 2025: H 32.08 crores).

i. Interest on tax on license fees

During the year ended 31 March 2024, the Hon’ble Supreme Court of India had pronounced a judgement regarding the treatment of Variable License Fee paid to DOT under New Telecom Policy 1999, since July 1999, to be treated as capital in nature and not revenue expenditure for the purpose of computation of taxable income. Pertinently, even though the Company was not a party to the above judgement and its case is different and distinguishable from the above judgment, as a matter of prudence the Company had assessed and recorded a provision of H 185.52 crores towards interest which had been disclosed as an exceptional item and a provision of H 21.09 crores towards tax (net) due to change in effective tax rate on account of adoption of new tax regime.

During the previous year, the Hon’ble Supreme Court of India had further issued an order waiving the payment of interest for the period for which the tax demand is now to be met in respect of the above matter. Based on said judgement, the Company had written back the provision of H 185.52 crores towards interest which had been disclosed as an exceptional item.

ii. Staff cost optimisation

As part of its initiative to enhance the long-term efficiency of the business, the Company undertook organisational changes to align to the Company’s current and prospective business requirements. These changes involved certain positions in the Company becoming redundant and the Company incurred a one-time charge.

iii. Gain on sale of asset “held for sale”

During the year, the Company concluded the sale of few of its properties which were disclosed under assets held for sale, for a total consideration of H 85.30 crores (31 March 2025: H 926.10 crores) (net of transaction cost) resulting into a gain of H 77.26 crores (31 March 2025: H 733.02 crores).

During the previous year, the above sale of properties included one of the property situated at Ambattur, Chennai sold to an associate company. Necessary approvals from the shareholders were obtained as this was a material related party transaction.

iv. Loss on sale of investment in subsidiary

The Company had investment in its wholly owned subsidiary Tata Communications Payment Solutions Limited (TCPSL). During the previous year, the Company had divested its entire stake in TCPSL, for a consideration of H 423.78 crores (net of transaction costs of H 7.50 crores) (including deferred consideration of H 88.30 crores disclosed under other current financial assets) resulting into a loss (including impairment) on sale of investment of H 356.50 crores.

v. Statutory impact of new Labour Codes

On November 21, 2025, the Government of India has implemented four new Labour Codes (the "Labour Codes"), including the Code on Wages, 2019, which amended the definition of "wages”. Based on the best information available the Company carried out the actuarial valuation of gratuity and long-term compensated absences and recorded a provision of H 36.82 crores primarily arising from the change in “wages” definition for the year ended 31 March 2026. The Company continues to monitor the finalization of the Central and State Rules, as well as any further clarifications issued by the Government on other aspects of the Labour Codes and will record appropriate accounting impacts as and when such developments occur.

35. Employee benefits (Defined benefit plan)

i. Provident fund

The Company makes contributions towards a provident fund under a defined benefit retirement plan for qualifying employees. The provident fund (the ‘Fund’) is administered by the Trustees of the Tata Communications Employees’ Provident Fund Trust (the ‘Trust’) and by the Regional Provident Fund Commissioner. Under this scheme, the Company is required to contribute a specified percentage of payroll cost to fund the benefits. The contributions, as specified under the law, were made to the provident fund set up as an irrevocable trust.

The rules of the Fund administered by the Trust require that if the Board of Trustees are unable to pay interest at the rate declared for Employees’ Provident Fund by the Government under the applicable law for the reason that the return on investment is lower or for any other reason, then the deficiency shall be made good by the Company. Having regard to the assets of the Fund and the return on the investments, the Company does not expect any deficiency in the foreseeable future. There has also been no such deficiency since the inception of the Fund.

Provident fund contributions amounting to H 73.92 crores (31 March 2025: H 70.44 crores) have been charged to the Statement of Profit and Loss, under contributions to provident and other funds in note 29 “Employee benefit expenses”.

ii. Gratuity

The Company makes annual contributions under the Employees Gratuity Scheme to a fund administered by Trustees of the Tata Communications Employees’ Gratuity Fund Trust covering all eligible employees. The plan provides for lump sum payments to employees whose right to receive gratuity had vested at the time of resignation, retirement, death while in employment or on termination of employment of an amount equivalent to 15 days’ salary for each completed year of service or part thereof in excess of six months. Vesting occurs upon completion of five years of service except in case of death.

iii. Medical benefit

The Company reimburses domiciliary and hospitalisation expenses not exceeding specified limits incurred by eligible and qualifying employees and their dependent family members under the Tata Communications Employee’s Medical Reimbursement Scheme.

iv. Pension plan

The Company’s pension obligations relate to certain employees transferred to the Company from OCS. The Company purchases life annuity policies from an insurance company to settle such pension obligations.

These plans typically expose the Company to actuarial risk such as investment risk, interest rate risk, salary risk and demographic risk:

The sensitivity analysis presented above may not be representative of the actual change in the defined benefit obligation as it is unlikely that the change in assumptions would occur in isolation of one another as some of the assumptions may be correlated.

Furthermore, in presenting the above sensitivity analysis, the present value of the defined benefit obligation has been calculated using the projected unit credit method at the end of the reporting period, which is the same as that applied in calculating the defined benefit obligation liability recognized in the balance sheet.

35. Employee benefits (Defined benefit plan) (Contd..)

Leave plan and compensated absences For executives

Leaves unavailed by eligible employees may be carried forward upto 60 days and for employees who have joined post 1 January 2020 carry forward shall be restricted to 45 days. Encashment will be maximum of 30 days by them / their nominees in the event of death or permanent disablement or resignation.

For non executives

Leave unavailed of by eligible employees may be carried forward / encashed by them / their nominees in the event of death or permanent disablement or resignation, subject to a maximum leave of 300 days.

The liability for compensated absences as at the year end is H 70.67 crores (31 March 2025: H 60.99 crores) as shown under non-current provisions H 60.43 crores (31 March 2025: H 53.68 crores) and current provisions H 10.24 crores (31 March 2025: H 7.31 crores) as per the actuarial valuation report. The amount charged to the Statement of Profit and Loss under Salaries and related costs in note 29 “Employee benefit expenses” is H 7.53 crores (31 March 2025: H 9.10 crores).

i. Revenues and network and transmission costs are directly attributable to the segments. Network and transmission costs are allocated based on utilisation of network capacity. Revenue share license fees for VS and DS have been allocated based on adjusted gross revenues from these services. Depreciation and certain other costs have been allocated to the segments based on various allocation parameters as guided by the use of the respective asset. Segment result is segment revenues less segment expenses. Other income and exceptional items have been considered as “Unallocable”.

ii. For the year ended 31 March 2026 and 31 March 2025, capital expenditure includes H 147.25 crores and H 324.27 crores respectively towards right of use assets.

iii. The above is in line with segment performance as reviewed by the CODM.

All of the segment assets are located in India or in International territorial waters and therefore no further information by location of assets has been provided here.

Information about major customers

No single customer contributed 10% or more to revenue from operations for years ended 31 March 2026 and 31 March 2025 respectively.

42. Financial risk management objectives and policies

The Company’s principal financial liabilities other than derivatives, comprise loans and borrowings, trade and other payables and financial guarantee contracts. The main purpose of these financial liabilities is to finance the Company’s operations and to provide guarantees to support its subsidiaries’ operations. The Company’s principal financial assets include loans, trade and other receivables, current investments and cash and cash equivalents that derive directly from its operations. The Company has investments on which gain or loss on fair value is recognised through profit and loss or other comprehensive income and also enters into derivative transactions.

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 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. All derivative activities for risk management purposes are carried out by specialist teams that have the appropriate skills, experience and supervision. It is the Company’s policy that no trading in derivatives for speculative purposes may be undertaken. The senior management reviews and agrees policies for managing each of these risks, which are summarised below:

a) Market risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises three types of risk: interest rate risk, currency risk and other price risk, such as equity price risk and commodity risk. Financial instruments affected by market risk include loans and borrowings, deposits, FVTPL and FVTOCI investments and derivative financial instruments.

i) Interest rate risk

Interest rate risk is the risk that the future cash flows with respect to interest receipts and payments on loans extended or availed will fluctuate because of changes in market interest rates. The Company does not have exposure to the risk of changes in market interest rates as it has long-term debt obligations and loan receivables with fixed interest rates and loans extended on variable rate are classified as short term.

ii) Foreign currency risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. The Company’s exposure to the risk of changes in foreign exchange rates relates primarily to the Company’s operating activities (when revenue or expense is denominated in a foreign currency) and the Company’s net investments in foreign subsidiaries.

The Company’s objective is to try and protect the underlying values of the Company’s balance sheet exposures. Exposures are broadly categorised into receivables and payable exposures.

The Company manages its foreign currency risk by entering into derivatives on net exposures, i.e. netting off the receivable and payable exposures in order to take full benefit of natural hedge.

Non-crystalised (not in books) exposures for which cash flows are highly probable are considered for hedging after due consideration of cost of cover, impact of such derivatives on profit and loss due to MTMs (mark to market loss or gains), market / industry practices, regulatory restrictions etc.

As regard net investments in foreign operations, hedging decisions are guided by regulatory requirement, accounting practices and in consultation and approval of senior management on such hedging action.

The foreign exchange rate sensitivity is calculated by aggregation of the net foreign exchange rate exposure and a simultaneous parallel foreign exchange rate shift of all the currencies by 5% against the functional currency of the Company.

The following analysis has been worked out based on the net exposures of the Company as of the date of balance sheet which would affect the Statement of Profit and Loss and equity.

The following tables sets forth information relating to unhedged foreign currency exposure (net) as at 31 March 2026 and 31 March 2025.

5% appreciation/ depreciation of the respective foreign currencies with respect to functional currency of the Company would result in decrease/ increase in the Company’s profit and equity before tax by approximately H 11.45 crores and H 18.67 crores for the year ended 31 March 2026 and 31 March 2025 respectively.

iii) Equity price risk

The Company’s non-listed equity securities are not susceptible to market price risk arising from uncertainties about future values of the investment in securities as these investments are accounted for at cost in the financial statements.

b) Credit risk

Credit risk is the risk that the counterparty will not meet its obligations under a financial instrument or a customer contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables) and from its financing activities including deposits with banks and financial institutions, foreign exchange transactions and other financial instruments.

In determining the allowances for expected credit losses, the Company has used a simplified approach by computing the expected credit loss allowance for trade receivables based on a provision matrix. The provision matrix takes into account historical credit loss experience and is adjusted for forward looking information. The expected credit loss allowance is based on the ageing of the gross receivables as at the reporting date and the net receivables after considering expected credit loss allowance is as mentioned below:

During the year ended 31 March 2024, the Company entered into cross currency swaps (CCS) for USD 211.83 Mn against NCD issued for H 1,750 Crores. The maturity of the CCS matches with the maturity date of the NCDs i.e. on August 2026. The proceeds from the CCS was immediately utilised by the Company to advance a loan of USD 212 Mn to its wholly owned subsidiaries (WOS) with repayment date in August 2026. As the CCS hedges against the foreign currency exposure arising out of the foreign currency loan given to its WOS, with both the CCS and loan to WOS maturing on the same date, it has been considered as natural hedge to arrive at the unhedged foreign currency exposure (net) amount in table above.

46. Contingent liabilities and commitments: (Contd..)

1. Claims for taxes on income

Significant claims by the revenue authorities in respect of income tax matters relate to disallowance of deductions claimed under section 80 IA of the Income Tax Act, 1961 from assessment years 1996-97 onwards and transfer pricing adjustments carried out by revenue authorities. The Company has contested the disallowances / adjustments and has preferred appeals which are pending.

The Company has certain tax receivables against the ongoing litigations which will be settled on completion of the respective litigation. The Company is of the view that the said balances are recoverable subject to favourable outcome of the same and hence does not require any adjustments as at 31 March 2026.

2. Other claims

i. Telecom Regulatory Authority of India (“TRAI”) reduced the Access Deficit Charge (“ADC”)

rates effective 1 April 2007. All telecom service providers including National Long Distance (“NLD”) and International Long Distance (“ILD”) operators in India are bound by the TRAI regulations. Accordingly, the Company has recorded the cost relating to ADC at revised rates as directed by TRAI. However, BSNL continued to bill at the ADC rate applicable prior to 1 April 2007. BSNL had filed an appeal against TRAI Interconnect Usage Charges (“IUC”) regulation of reduction in ADC and currently this matter is pending with the Hon’ble Supreme Court. The excess billing of BSNL amounting to H 311.84 crores (31 March 2025: H 311.84 crores) has been disclosed as contingent liability.

ii. As at 31 March 2026, the Company has received ‘Show Cause-cum Demand Notices’ (‘demand notices’) from Department of Telecommunications of India (‘DOT’) aggregating to H 7,844.57 crores for financial years (FY) ranging from FY 2005-06 to FY 2024-25 (As at 31 March 2025: H 8,064.98 crores for financial years (FY) ranging from FY 2005-06 to FY 2023-24), which have been revised over a period of time. These demand notices include H 276.68 crores (As at 31 March 2025: H 276.68 crores) towards disallowance of deductions claimed by the Company on payment basis for FY 2010-11 under

ISP license and FY 2006-07 & FY 2009-10 under NLD license (‘three years’), considered remote.

The Company has existing appeals relating to its ILD, NLD & ISP licenses which were filed in the past and are pending at the Hon’ble Supreme Court and TDSAT and the Company’s appeals are not covered by the Hon’ble Supreme Court judgement dated October 24, 2019, on AGR under UASL. Further, the Company believes that all its licenses are different from UASL, which was the subject matter of Hon’ble Supreme Court judgement of October 24, 2019. The Company has obtained stay orders for payment of these demands and based on its assessment and independent legal opinions, believes that it will be able to defend its position.

Accordingly, the Company has included H 7,513.71 crores (As at 31 March 2025: H 7,734.12 crores) as part of the contingent liability (net of provision H 54.18 crores (As at 31 March 2025: H 54.18 crores)) and H 276.68 crores (As at 31 March 2025: H 276.68 crores) as remote, being the disallowance of deductions claimed by the Company on payment basis for three years.

The total contingent liability in respect of all AGR dues including above demands and interest computed from the date of the demand till the year end, amounts to H 11,024.88 crores (As at 31 March 2025 - H 9,896.80 crores).

iii. Other claims of H 427.92 crores (31 March 2025: H 401.83 crores) mainly pertain to routine suits for collection, commercial disputes, claims from customers and/or suppliers, BSNL port charges and claim from Employee State Insurance Corporation.

Based on the management assessment and legal advice (wherever taken), the Company believes that the above claims are not probable and would not result in outflow of resources embodying economic benefits.

b. Commitments

i. Capital commitments

Estimated amount of contracts remaining to be executed on capital account, not provided for amount to H 415.57 crores (31 March 2025: H 546.05 crores) (net of capital advances).

ii. Other commitments

The Company has committed loan facility to wholly owned subsidiaries to the tune of H 6,088.37 crores (31 March 2025: H 2,692.12 crores) as at 31 March 2026, utilisation of which is subject to future requirements and appropriate approval processes from time to time.

52. The Company has used accounting software for maintaining its books of account which has a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the software, except that, audit trail feature is not enabled for the period 01 April 2025 to 21 April 2025 at the database level and certain master fields (asset master, supplier master and general ledger account master) for users with certain privileged access rights as it relates to SAP application.

The audit trail feature has not been enabled for a billing application with respect to its voice business unit for the period 01 April 2025 to 06 May 2025.

Further, the Company has used an accounting software which is operated by a third-party software service provider, for processing the payroll for its employees, for which the Management is in possession of Service Organisation Controls report for the full financial year. The audit trail feature was enabled for the software throughout the year, except that, the audit trail feature was not enabled on the database layer.

Additionally, the audit trail of prior year has been preserved as per the statutory requirements for record retention to the extent it was enabled and recorded in the respective years.

53. Events after the reporting period

There are no significant subsequent events between the year ended 31 March 2026 and signing of financial statements as on 22 April 2026 which have material impact on the financials of the Company.

54. Approval of financial statements

These financial statements are approved for issue by the board of directors in their meeting held on 22 April 2026.