d) Provisions and contingent liabilities

• General

Provisions are recognised when the Company has a present
obligation (legal or constructive) as a result of past events,
it is probable that an outflow of resources embodying
economic benefits will be required to settle the obligation
and a reliable estimate can be made of the amount of the
obligation. When the Company expects some or all a provision
to be reimbursed, the reimbursement is recognised as a
separate asset, but only when the reimbursement is virtually
certain. The expense relating to a provision is presented in
the statement of profit or loss net of any reimbursement.
Provisions are not recognised for future operating losses.

If the effect of the time value of money is material, provisions
are discounted using a current pre-tax rate that reflects,
when appropriate, the risks specific to the liability. When
discounting is used, the increase in the provision due to the
passage of time is recognised as interest expense.

• Contingent Liabilities

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

e) Employee benefits

• Short-term obligations

Liabilities for wages and salaries, including non-monetary
benefits that are expected to be settled wholly within 12
months after the end of the period in which the employees
render the related service are recognised in respect of
employees' services up to the end of the reporting period
and are measured at the amounts expected to be paid when
the liabilities are settled. The liabilities are presented as
current employee benefit obligations in the balance sheet.

• Other long-term employee benefit obligations

The liabilities for earned leave and sick leave are not expected
to be settled wholly within 12 months after the end of the
period in which the employees render the related service.
They are therefore measured as the present value of expected
future payments to be made in respect of services provided
by employees up to the end of the reporting period using the
projected unit credit method. The benefits are discounted
using the market yields at the end of the reporting period
on the government bonds that have terms approximating to
the terms of the related obligation. Re-measurements as a
result of experience adjustments and changes in actuarial
assumptions are recognised in profit or loss.

The obligations are presented as current liabilities in the
balance sheet if the entity does not have an unconditional
right to defer settlement for at least twelve months after the
reporting period, regardless of when the actual settlement is
expected to occur.

• Post-employment obligations

The Company operates the following post-employment
schemes:

? Defined benefit plans in the nature of gratuity and

? Defined contribution plans such as provident fund.

? Gratuity obligations

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

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

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

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

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

? Defined contribution plans

The Company pays provident fund contributions to
publicly administered provident funds as per local
regulations. The Company has no further payment
obligations once the contributions have been paid. The
contributions are accounted for as defined contribution
plans and the contributions are recognised as
employee benefit expense when they are due. Prepaid
contributions are recognised as an asset to the extent
that a cash refund or a reduction in the future payments
is available.

f) Investments and Other Financial assets

• Classification & Recognition:

Regular way purchases and sales of financial assets are
recognised on trade-date, the date on which the Company
commit to purchase or sell the financial asset.

• Measurement:

Financial assets with embedded derivatives are considered
in their entirety when determining whether their cash flows
are solely payment of principal and interest.

Amortised cost:

Assets that are held for collection of contractual cash
flows where those cash flows represent solely payments of
principal and interest are measured at amortised cost. A gain
or loss on a debt investment that is subsequently measured

at amortised cost and is not part of a hedging relationship is
recognised in profit or loss when the asset is derecognised
or impaired. Interest income from these financial assets is
included in finance income using the effective interest rate
method. Impairment losses are presented as a separate line
item in the financial statement.

Fair value through other comprehensive income (FVOCI):

Assets that are held for collection of contractual cash flows
and for selling the financial assets, where the assets' cash
flows represent solely payments of principal and interest,
are measured at fair value through other comprehensive
income (FVOCI). Movements in the carrying amount are
taken through OCI, except for the recognition of impairment
gains or losses, interest revenue and foreign exchange gains
and losses which are recognised in profit and loss. When
the financial asset is derecognised, the cumulative gain or
loss previously recognised in OCI is reclassified from equity
to profit or loss. Interest income from these financial assets
is included in other income using the effective interest rate
method. Foreign exchange gains and losses and impairment
expenses are presented as separate lines item in the financial
statements.

Fair value through profit or loss:

• Assets that do not meet the criteria for amortised cost or
FVOCI are measured at fair value through profit or loss.
A gain or loss on a debt investment that is subsequently
measured at fair value through profit or loss and is not
part of a hedging relationship is recognised in profit or
loss and presented net in the statement of profit and
loss in the period in which it arises. Interest income from
these financial assets is included in other income.

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.

Where the entity has transferred an asset, the Company
evaluates whether it has transferred substantially all
risks and rewards of ownership of the financial asset. In
such cases, the financial asset is derecognised. Where
the entity has not transferred substantially all risks and
rewards of ownership of the financial asset, the financial
asset is not derecognised.

Where the entity has neither transferred a financial
asset nor retains substantially all risks and rewards of
ownership of the financial asset, the financial asset is
derecognised if the Company has not retained control
of the financial asset. Where the Company retains
control of the financial asset, the asset is continued to
be recognised to the extent of continuing involvement
in the financial asset.

• Reclassification of financial assets

The Company determines classification of financial
assets and liabilities on initial recognition. After
initial recognition, no reclassification is made for
financial assets which are equity instruments and
financial liabilities. For financial assets which are debt
instruments, a reclassification is made only if there is

a change in the business model for managing those
assets. Changes to the business model are expected
to be infrequent. The Company's senior management
determines change in the business model as a result
of external or internal changes which are significant to
the Company's operations. Such changes are evident
to external parties. A change in the business model
occurs when the Company either begins or ceases to
perform an activity that is significant to its operations. If
the Company reclassifies financial assets, it applies the
reclassification prospectively from the reclassification
date which is the first day of the immediately next
reporting period following the change in business
model. The Company does not restate any previously
recognised gains, losses (including impairment gains or
losses) or interest.

g) Financial liabilities

• Trade and other payables

These amounts represent liabilities for goods and services
provided to the Company prior to the end of financial year
which are unpaid. They are recognised initially at their fair
value and subsequently measured at amortised cost using
the effective interest method.

h) Offsetting of financial instruments

Financial assets and financial liabilities are offset and the net
amount is reported in the balance sheet if there is a currently
enforceable legal right to offset the recognised amounts and
there is an intention to settle on a net basis, to realise the
assets and settle the liabilities 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 counter party.

i) Foreign currency translation
Functional and presentation currency

I tems included in the financial statements of the Company
are measured using the currency of the primary economic
environment in which the Company operates ('the functional
currency'). The financial statements are presented in Indian
rupee (INR), which is company's functional and presentation
currency.

Transactions and balances

Foreign currency transactions are translated into the
functional currency using the exchange rates at the dates of
the transactions. Foreign exchange gains and losses resulting
from the settlement of such transactions and from the
translation of monetary assets and liabilities denominated in
foreign currencies at year end exchange rates are generally
recognised in profit or loss. A monetary item for which
settlement is neither planned nor likely to occur in the
foreseeable future is considered as a part of the entity's net
investment in that foreign operation.

Non-monetary items that are measured in terms of historical
cost in a foreign currency are translated using the exchange
rates at the dates of the initial transactions.

j) Intangible Assets

Intangible assets acquired separately are measured on initial
recognition at cost. Following initial recognition, intangible
assets are carried at cost less accumulated amortisation and
accumulated impairment losses.

I ntangible assets with finite lives are amortised over their
useful economic lives on straight lined basis and assessed
for impairment whenever there is an indication that the
intangible asset may be impaired. The amortisation period
and the amortisation method for an intangible asset with
a finite useful life are reviewed at least at the end of each
reporting period.

Software has been amortized over the useful life of 8-10
years.

Changes in the expected useful life or the expected pattern
of consumption of future economic benefits embodied in
the asset are considered to modify the amortisation period
or method, as appropriate, and are treated as changes in
accounting estimates. The amortisation expense on intangible
assets with finite lives is recognised in the statement of profit
or loss.

All intangible assets are amortised on a straight-line basis
over a period of useful lives.

The Company does not have any intangible assets with
indefinite useful lives.

Gains or losses arising from derecognition of an intangible
asset are measured as the difference between the net
disposal proceeds and the carrying amount of the asset and
are recognised in the statement of profit or loss when the
asset is derecognised.

k) Cash and cash equivalents

Cash and cash equivalent in the balance sheet comprise cash
at banks, which are subject to an insignificant risk of changes
in value.

For presentation in the statement of cash flows, cash and
cash equivalents consist of cash and cash equivalent, as
defined above, net of outstanding bank overdrafts if they
are considered an integral part of the Company's cash
management.

l) Earnings per share
Basic earnings per share

Basic earnings per share is calculated by dividing the profit
attributable to owners of the Company by the weighted
average number of equity shares outstanding during the
financial year, adjusted for bonus elements in equity shares
issued during the year and excluding treasury shares.

Diluted earnings per share

Diluted earnings per share adjusts the figures used in the
determination of basic earnings per share to take into account
the after-income tax effect of interest and other financing
costs associated with dilutive potential equity shares, and
the weighted average number of additional equity shares
that would have been outstanding assuming the conversion
of all dilutive potential equity shares.

m) Trade receivable

Trade receivables are amounts due from customers for
goods sold or services performed in the ordinary course
of business. Trade receivables are recognised initially at
the transaction price unless there are significant financing
components, when they are recognised at fair value. The
Company holds the trade receivables with the objective to
collect contractual cash flows and therefore measures them
subsequently at amortised cost using the effective interest
method, less loss allowance.

n) Business combinations - common control transactions

Business combinations involving entities that are controlled
by the group are accounted for using the pooling of interests
method as follows:

• The assets and liabilities of the combining entities are
reflected at their carrying amounts.

• No adjustments are made to reflect fair values or
recognise any new assets or liabilities. Adjustments are
only made to harmonise accounting policies.

• The financial information in the financial statements in
respect of prior periods is restated as if the business
combination had occurred from the beginning of
the preceding period in the financial statements,
irrespective of the actual date of the combination.
However, where the business combination had occurred
after that date, the prior period information is restated
only from that date.

• The balance of the retained earnings appearing in the
financial statements of the transferor is aggregated
with the corresponding balance appearing in the
financial statements of the transferee or is adjusted
against general reserve.

• The identity of the reserves is preserved and the
reserves of the transferor become the reserves of the
transferee.

• The difference, if any, between the amounts recorded
as share capital issued plus any additional consideration
in the form of cash or other assets and the amount of
share capital of the transferor is transferred to capital
reserve and is presented separately from other capital
reserves.

o) Hedge accounting:

The Company designates certain derivatives as hedging
instruments in respect of foreign currency risk, as either
fair value hedges or cash flow hedges. Hedges of foreign
exchange risk on firm commitments are accounted for as
cash flow hedges.

At the inception of the hedge relationship, the entity
documents the relationship between the hedging instrument
and the hedged item, along with its risk management
objectives and its strategy for undertaking various hedge
transactions. Furthermore, at the inception of the hedge and
on an ongoing basis, the Company documents whether the
hedging instrument is highly effective in offsetting changes
in fair values or cash flows of the hedged item attributable to
the hedged risk.

Fair value hedges

Changes in fair value of the designated portion of derivatives
that qualify as fair value hedges are recognised in profit or
loss immediately, together with any changes in the fair value
of the hedged asset or liability that are attributable to the
hedged risk. The change in the fair value of the designated
portion of hedging instrument and the change in the hedged
item attributable to the hedged risk are recognised in profit
or loss in the line item relating to the hedged item.

Hedge accounting is discontinued when the hedging
instrument expires or is sold, terminated, or exercised, or
when it no longer qualifies for hedge accounting.

2.4 Significant Accounting Judgements, Estimates and
Assumptions

The preparation of standalone financial statements requires
the use of accounting estimates. Management exercises
judgement in applying the company's accounting policies.
Estimates and assumptions are continuously evaluated
and are based on historical experience and other factors
including expectations of future events that are believed to
be reliable and relevant under the circumstances. This note
provides an overview of the areas that involved a higher
degree of judgement or complexity, and of items which are
more likely to be materially adjusted due to estimates and
assumptions turning out to be different than those originally
assessed. Management believes that the estimates are the
most likely outcome of future events. Detailed information
about each of these estimates and judgements is described
below:

a. Revenue Recognition on Contracts with Customers

The Company's contracts with customers could include
promises to transfer multiple products and services to a
customer. The Company assesses the products / services
promised in a contract and identifies distinct performance
obligations in the contract. Identification of distinct
performance obligation involves judgement to determine the
distinct goods/ services and the ability of the customer to
benefit independently from such goods/services.

Judgement is also required to determine the transaction
price for the contract. The transaction price could be either
a fixed amount of customer consideration or variable
consideration with elements such as liquidated damages,
penalties and financing components. Any consideration
payable to the customer is adjusted to the transaction
price, unless it is a payment for a distinct product or service
from the customer. The estimated amount of variable
consideration is adjusted in the transaction price only to the
extent that it is highly probable that a significant reversal in
the amount of cumulative revenue recognised will not occur
and is reassessed at the end of each reporting period. The
Company allocates the elements of variable considerations
to all the performance obligations of the contract unless
there is observable evidence that they pertain to one or
more distinct performance obligations.

The Company uses judgement to determine an appropriate
standalone selling price for a performance obligation
(allocation of transaction price). The Company allocates the
transaction price to each performance obligation based on
the relative standalone selling price of each distinct product
or service promised in the contract. Where standalone selling
price is not observable, the Company uses the expected cost-
plus reasonable margin approach to allocate the transaction
price to each distinct performance obligation.

The Company exercises judgement in determining whether
the performance obligation is satisfied at a point in time or
over a period of time. The Company considers indicators
such as how customer consumes benefits as services are
rendered or who controls the asset as it is being created or
existence of enforceable right to payment for performance
to date and alternate use of such product or service, transfer
of significant risks and rewards to the customer, acceptance
of delivery by the customer, etc.

Revenue for fixed-price contract is recognised using the
input method for measuring progress. The company uses
cost incurred related to total estimated costs to determine
the extent of progress towards completion. Judgement is
involved to estimate the future cost to complete the contract
and to estimate the actual cost incurred basis completion
of relevant activities towards fulfilment of performance
obligations.

b. Defined benefit plans

The cost of the defined benefit plan and the present value of
such obligation are determined using actuarial valuations. An
actuarial valuation involves making various assumptions that
may differ from actual developments in the future. These
include the determination of the discount rate, future salary
increases, employee turnover and expected return on planned
assets. Due to the complexities involved in the valuation and
its long-term nature, a defined benefit obligation is highly
sensitive to changes in these assumptions. All assumptions
are reviewed at the year end. Details about employee benefit
obligations and related assumptions are given in Note 31.

c. Impairment of investments in subsidiaries

The Company accounts for investments in subsidiaries at
cost (less accumulated impairment, if any). The carrying
value of investments in subsidiaries at each reporting date
are reviewed and assessed for impairment. The Company
performs impairment assessment of investments by making
an estimate of the recoverable amount, being the higher
of fair value less costs to sell and its value in use which is
then compared with the carrying value. An impairment
loss is recognised in the statement of profit and loss to the
extent the carrying value of an asset exceeds the recoverable
amount.

The value in use of these investments is determined using
discounted cash flow model (DCF model) requiring various
assumptions and judgements. These include future cashflows
and growth rate assumptions, discount rate, terminal growth
rate and other economic and entity specific factors which
are incorporated in the DCF model. The estimated cash flows
are developed using internal forecasts.

d. Impairment assessment of loans given to subsidiaries and
financial guarantees (Expected credit loss)

The Company has given interest bearing loans to its
subsidiaries which are repayable on demand. Further,
external loan taken by a subsidiary is guaranteed by the

Company. The loans and financial guarantees given to
subsidiaries are reviewed and assessed for impairment at
each reporting date under Ind AS 109. The inter-company
loans have been provided to the subsidiaries for operational
purposes and with an expectation of an extended gestation
period. The Company intends to allow the subsidiaries to
continue trading and thus reviews the cash flow forecasts
to confirm whether the projections are in line with the initial
expectations. The Company considers expected manner
of recovery and recovery period of the loans to determine
expected credit loss.

e. Impairment assessment for trade receivables and contract
assets

The Company uses simplified approach wherein an amount
equal to lifetime expected credit loss (ECL) is measured
and recognised as impairment allowance. During the
current year, the Company has computed ECL allowance
based on a provision matrix which is prepared based on
historically observed default rates over the expected life
of trade receivables. At every reporting date, the historical
observed default rates are updated. The Company follows
provisioning norms based on the roll rate method to estimate
the impairment allowance under ECL and also considers
forward looking information. Further, the Company has
assessed credit risk on an individual basis in respect of
certain customers in case of event driven situation such
as disputes and slow moving projects, specific provision
is made after evaluating the expected date of billing and
collection, interpretation of contractual terms, project status,
past history, latest discussion/ correspondence with the
customers, expert evaluation and legal opinions, wherever
applicable.

f. Classification of Supplier Finance Arrangements

Judgement is required in determining appropriate
classification of supplier finance arrangements in standalone
balance sheet and standalone statement of cash flows and
the Company considers the objective of such arrangement,
terms and conditions of the supplier finance arrangements,
the range of credit period agreed with its suppliers, net
impact on its cash outflows. Based on the assessment, the
Company considers these arrangements as part of the
trade working capital. Accordingly, these arrangement are
disclosed separately as “Acceptances” in standalone balance
sheet considering its nature and magnitude and as part of
operating cash flows in standalone statement of cash flows.

i) Loans to subsidiaries were granted for meeting their working capital requirements. The loans given are repayable on demand and
carries interest of ‘3 Month Sterling Overnight Index Average (3M SONIA) 2.67%' spread ranging from 6.40% to 6.89% p.a. during
the year (March 31, 2025: ranging from 7.37 % to 7.86% p.a.).

ii) The loan amount includes interest accrued on the loans granted to related party amounting to ' 70.33 (March 31, 2025: ' 46.59)
which is payable on demand.

iii) The Company has not advanced or loaned or invested funds (either from borrowed funds or share premium or any other sources
or kind of funds) to any other person or entity, including foreign entities (“Intermediaries”) with the understanding (whether
recorded in writing or otherwise) that the Intermediary shall:

- directly or indirectly lend or invest in other persons/ entities identified in any manner whatsoever by or on behalf of the Company
(‘ultimate beneficiaries') or

- provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

Notes:

a) Bank deposit with more than 12 months maturity of ' 9.07 (March 31, 2025: Nil) held as lien towards bank guarantee.

b) Bank deposit with more than 12 months maturity of ' 4.00 (March 31, 2025: Nil) held as lien against non convertible debentures.

c) Others includes expenses incurred on behalf of customer, amounting to ' 4.02 (March 31, 2025: ' 5.39)

d) Refer note 16 for information on current assets pledged as security.

d) Contract assets and trade receivables as at March 31, 2026 includes an aggregate amount of ' 715.53 crores (March 31, 2025: '
703.68 crores) pertaining to projects identified as slow moving, of which Contract assets of ' 279.76 crores (March 31, 2025: '
276.50 crores) and trade receivables of ' 126.00 crores (March 31,2025 : ' 125.58 crores) is where the billing and collections are
based on completion of certain specific milestones, which depend on obtaining certain regulatory and other approvals. Under the
contractual terms, the responsibility to secure and provide these approvals lies with the customer, who is currently in the process
of doing so. Management has reviewed the recoverability considering overall project status, past history, contractual terms, latest
discussion/correspondence with the customers, expert's evaluation and is confident that these receivables are good and fully
recoverable.

e) Refer note 16 for information on current assets pledged as security.

Notes:

a) Contract assets and trade receivables include ' 155.74 (March 31, 2025 : ' 155.74) and ' 151.41 (March 31, 2025 : ' 135.51), respectively,
outstanding as at March 31, 2026, representing receivables from customers based on the terms and conditions implicit in the
contracts in respect of closed/ substantially closed/ suspended projects. These aforementioned receivables are being disputed by
the customer, for which the Company is under arbitration process. Considering the overall project status, past history, discussion/
correspondence with the customers, contractual terms, expert's evaluation and legal opinions, the Company is confident that the
balance receivables are good and fully recoverable.

b) Contract assets have increased from previous year as entity entered into multiple new projects and has provided higher services
ahead of agreed billing and payment schedule for fixed price contracts and on account of billing done in current year.

c) During the year ended March 31, 2026, ' 326.63 (March 31, 2025: ' 479.92) of opening unbilled revenue has been reclassified to
Trade receivables upon billing to customers on completion of milestones.

Notes:

a) The amount pertains to retention billed as per the contractual terms, payment of which is subject to fulfillment of certain
performance obligaitons. The amount has been reclassified under contract assets as the Company does not have unconditional
right to payment as at the reporting date.

b) The receivable is ‘unbilled' because the Company has not yet issued an invoice; however, the balance has been included under
trade receivables because it is an unconditional right to consideration.

c) No trade or other receivable are due from directors or other officers of the company either severally or jointly. Also no trade or
other receivable are due from firms or private companies in which any director is a partner, a director or a member.

d) Refer note 16 for information on current assets pledged as security

Promoters' for the purpose of this disclosure means promoters as defined under Section 2(69) of Companies Act, 2013.

‘Pursuant to the Scheme of arrangement (refer note 44), which was effective as at March 31, 2025 and subsequent to the allotment of
equity shares.

i. Shares allotted as fully paid-up without payment being received in cash during the year of 5 years immediately preceding the
date of Balance Sheet are as under :

Refer Note 14(c) above

j. Details of shares bought back or issued as bonus shares during the five years preceding March 31, 2026:

The Company has not undertaken any buyback of its equity shares or issued bonus shares since its incorporation on March 26, 2021.
Hence, there are no transactions or events to report under this disclosure requirement.

k. Shares reserved for issue under options

As at March 31, 2026, 4,150,212 shares are reserved for issue under employee stock option scheme (refer note 32).

Note : Nature and purpose of reserves other than retained earnings

a) Capital Reserve - Capital reserve was created pursuant to Scheme of arrangement for demerger of Global Services Business from
Sterlite Technologies Limited into STL Networks Limited and consequent accounting as per Appendix C of Ind AS 103 - Business
Combinations (refer note 44).

b) Share options outstanding account - This is used to recognise the grant date fair value of options issued to employees and
employees of fellow subsidiaries as per the Scheme of arrangement (refer note 44) under employee stock option plan (ESOP
Scheme).

c) Securities premium- Securities premium is used to record the premium on issue of shares. The reserve can be utilised in accordance
with the provisions of the Companies Act, 2013.

d) Capital contribution by parent - Capital contribution by parent is used to recognise the fair value of options granted to employees
of the Company under the employee stock option plan (ESOP) of Sterlite Technologies Limited pursuant to scheme of arrangement
(refer note 44).

Notes:

a) During the year ended March 31, 2026, the Company has issued and allotted 15,000 listed, rated, senior, secured, transferable,
redeemable, Non Convertible Debentures ("NCDs”) of a face value of ' 100,000 each, aggregating to ' 150 on a private placement
basis. The NCDs carry a coupon rate of 10.25% p.a (payable quarterly) and are repayable in two equal installment on June 02, 2027
and September 02, 2027. The NCDs are secured by first ranking pari-passu charge by way of hypothecation over all of the current
assets and second ranking pari-passu charge by way hypothecation over all of the movable fixed assets, both present and future.

b) During the year ended March 31, 2026, the Company has issued and allotted 10,000 listed, rated, senior, secured, transferable,
redeemable, Non Convertible Debentures ("NCDs”) of a face value of ' 100,000 each, aggregating to ' 100 on a private placement
basis. The NCDs carry a coupon rate of 10.35% p.a (payable quarterly) and are repayable in two equal installment on April 30, 2028
and June 30, 2028. The NCDs are secured by first ranking pari-passu charge by way of hypothecation over all of the current assets
and second ranking pari-passu charge by way hypothecation over all of the movable fixed assets, both present and future.

c) Unsecured Indian rupee term loan from NBFC amounting to ' 70.00 (March 31, 2025 Nil) carries interest @ 11.80% p.a. Loan
amount is repayable in FY 2027-28.

d) I ndian rupee loans from NBFC is takenover pursuant to the scheme of arrangement (refer note 44). As per the scheme, the
primary obligation to repay transferred loans shall be that of the Company. However, without prejudice to such transfer, where
considered necessary for the sake of convenience and towards facilitating single point discharge, the Company may repay the
borrowings by making payments on the respective due dates to Sterlite Technologies Limited (Demerged Company), which in turn
shall make payments to the NBFC untill the novation of loan contracts in the name of the Company. Unsecured Indian rupee term
loan from NBFC amounting to ' 23.17 (March 31, 2025 : ' 40.69) carries interest in the range of 2.50% to 6.50% p.a. Loan amount
is repayable in FY 2026-27, FY 2027-28 and 2028-29. Management is in the process of assigning these borrowings from the
Demerged Company to the Company. The terms and conditions of existing loan balances may under go change post assignment
of the loan contracts in the name of Company.

a) Working capital demand loan from banks is secured by first pari-passu charge on entire current assets of the Company (both
present and future) and second pari-passu charge on movable fixed assets of the Company. Working capital demand loans have
been taken for a period of 7 days to 180 days and carry interest @ 7.50% to 8.60% p.a (March 31, 2025: Nil).

b) Working capital demand loans from bank (secured) were proportionately transferred to the Company pursuant to the scheme of
arrangement as on the appointed date and were adjusted for any changes in the net assets of the demerged undertaking from the
appointed date till March 31, 2025 referred in note 44. Sterlite Technologies Limited (the "Demerged Company") is in the process
of assigning certain working capital demand loans as at March 31, 2026 to the Company pursuant to the Scheme of arrangement
(refer note 44). As per the scheme, the primary obligation to repay transferred loans shall be that of the Company. However,
without prejudice to such transfer, where considered necessary for the sake of convenience and towards facilitating single point
discharge, the Company may repay the borrowings by making payments on the respective due dates to the Demerged Company,
which in turn shall make payments to the respective banks untill the novation of loan contracts in the name of the Company.
The encumbrance in respect to such secured borrowings transferred to the Company shall be extended to and operate over the
assets transferred to the Company which may have been encumbered in respect of such secured borrowings. Accordingly, the
encumbrance, if any, over the assets remaining with Sterlite Technologies Limited are released from the obligations relating to
the secured borrowings transferred to the Company. Similarly, the encumbrance over the assets transferred to the Company are
released from the obligations relating to the secured borrowings remaining with Sterlite Technologies Limited. The Company
will be filing the particulars relating to registration / modification of charge with the Registrar of Companies upon completion of
necessary discussion / documentation with the bankers.

These working capital demand loan from banks are secured by first pari-passu charge on entire current assets of the Company
(both present and future) and second pari-passu charge on plant & machinery and other movable fixed assets of the Company.
Working capital demand loans have been taken for a period of 7 days to 180 days and carry interest @ 7.50% to 8.50% p.a (March
31, 2025: @ 7.50% to 8.50% p.a). The terms and conditions of existing loan balances may under go change post novation of the
loan contracts in the name of Company.

e) Borrowing secured against current assets :

The Company has borrowings from banks and financial institutions on the basis of security of current assets. The quarterly returns
or statements of current assets filed by the company with banks and financial institutions are in agreement with the books of
accounts.

I n respect of certain banks, Sterlite Technologies Limited (the "Demerged Company”) and the Company is in the process of
obtaining separate working capital limits consequent to the Scheme of Arrangement approved by the National Company Law
Tribunal (‘NCLT') as described in Note 44. In respect of the existing limits from the banks in excess of ' 5 crores, in aggregate,
sanctioned on the basis of security of current assets, the demerged Company has filed returns or statements with such banks and
financial institutions basis on the information shared by the Company with the Demerged Company which are in agreement with
the books of accounts.

f) Utilisation of borrowed funds :

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:

- 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

-provide any guarantee, security or the like on behalf of the ultimate beneficiaries.

g) The borrowings obtained by the Company during the year from banks and financial institutions have been applied for the purposes
for which such loans were taken.

h) The Company has not been declared wilful defaulter by any bank or financial institution or government or any government
authority.

i) There are no charges or satisfaction which are yet to be registered with the Registrar of Companies beyond the statutory period
except noted in Note 16(B)(b) above.

Nature of the supplier finance arrangements

The Company facilitates early settlement of invoices for participating suppliers through having arrangements with Banks/available
platforms under which a financing partner settles approved invoices prior to their original due dates. The Company in agreement with
participating suppliers (including Micro and Small Enterprises) uses these arrangements to make early payments compared to the
standard credit period agreed with the suppliers and settling the payments to the financing partner on the agreed due date with them.
These arrangements does not substantially modify the company's cash outflows. The Company considers these arrangements as part
of the trade working capital considering the range of credit terms agreed with its suppliers. The Company and Sterlite Technologies
Limied (STL) are in process of having separate agreement with banks/ service providers for supplier financing arrangement pursuant
to the Scheme of arrangement referred to in Note 44. Pending such separate agreements, STL faciliates to execute these transactions.

a) The contract price from contracts with customers of ' 873.87 (March 31, 2025 : ' 1,092.12) is reduced by the consideration of '
22.44 (March 31, 2025 : ' 32.93) towards variable component and ' 0.26 (March 31, 2025 : ' 1.88) towards financing component.

b) The Company's unsatisfied (or partially satisfied) performance obligations for projects and AMC contracts can vary due to several
factors such as terminations, changes in scope of contracts, periodic revalidations of the estimates or other relevant economic
factors. The aggregate value of unsatisfied (or partially satisfied) performance obligations is ' 3,252.29 (March 31, 2025: ' 3,745.15)
and approximately 30% (March 31, 2025: 22%) is expected to be recognised in the next year and remaining over a period of two
to seven years. Amount of unsatisfied (or partially satisfied) performance obligations does not include contracts with original
expected duration of one year or less since the Company has applied the practical expedient in Ind AS 115.

32 Employee share based payments expense

i) Pursuant to the Scheme referred in Note 44, the options granted by the Sterlite Technologies Limited (the Demerged Company) to
the eligible employees that were transferred to the Company would continue to be held by such eligible employees. The Demerged
Company had established employees stock options plan, 2010 and 2016 ("STL ESOP Scheme”) for its employees. Options granted
under the STL ESOP Scheme would vest in not less than one year and not more than five years from the date of grant of the options. The
Nomination and Remuneration Committee of the Demerged Company has approved multiple grants with related vesting conditions.
Vesting of the options would be subject to continuous employment with the Company and hence, the options would vest with
passage of time. In addition to this, the Nomination and Remuneration Committee of the Demerged Company may also specify certain
performance parameters subject to which the options would vest. Such options would vest when the performance parameters are met.
Once vested, the options remain exercisable for a period of maximum five years. Options granted under the plan are for no consideration
and carry no dividend or voting rights. On exercise, each option is convertible into one equity share. The exercise price is ' 2.00 per
option.

The above sensitivity analysis on defined benefit obligation is based on a change in an assumption while holding all other assumptions
constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. When calculating the
sensitivity of the defined benefit obligation to significant actuarial assumptions the same method (present value of the defined benefit
obligation calculated with the projected unit credit method at the end of the reporting period) has been applied as when calculating
the defined benefit liability recognised in the balance sheet.

The methods and types of assumptions used in preparing the sensitivity analysis did not change compared to the prior year.

Risk exposure

Through its defined benefit plans, the Company is exposed to a number of risks, the most significant of which are detailed below :
Asset volatility:

The plan liabilities are calculated using a discount rate set with reference to bond yields; if plan assets underperform this yield, this will
create a deficit.

Changes in bond yields:

A decrease in bond yields will increase plan liabilities.

Future salary escalation and inflation risk:

Rising salaries will often result in higher future defined benefit payments resulting in a higher present value of liabilities especially
unexpected salary increases provided at management's discretion may lead to uncertainties in estimating this risk.

ii) The Company has established STL Networks Limited -Employee Stock Option Scheme - 2025 ("SNL ESOS Scheme 2025” or "ESOP
Scheme 2025”) for its employees including employees of its subsidiaries, pursuant to the special resolution passed by shareholders at
the annual general meeting held on September 30, 2025. The ESOP Scheme 2025 is designed to provide incentives to the employees of
the Company to deliver long-term returns and is an equity settled plan. The ESOP Scheme 2025 is administered by the Nomination and
Remuneration Committee. Participation in the plan is at the Nomination and Remuneration Committee's discretion and no individual
has a contractual right to participate in the ESOP Scheme 2025 or to receive any guaranteed benefits. Options granted under ESOP
Scheme 2025 would vest in not less than one year and not more than five years from the date of grant of the options. The Nomination
and Remuneration Committee of the Company has approved a grant with related vesting conditions. Vesting of the options would
be subject to continuous employment with the Company and hence, the options would vest with passage of time. In addition to this,
there are certain performance parameters subject to which the options would vest. Such options would vest when the performance
parameters are met.

Once vested, the options remain exercisable for a period of maximum five years. Options granted under the plan are for no consideration
and carry no dividend or voting rights. On exercise, each option is convertible into one equity share. The exercise price is ' 2.00 per
option.

iii) Pursuant to the Scheme of Arrangement, with respect to the Options granted by the Demerged Company to the eligible employees
of the Demerged Company (irrespective of whether they continue to be employees of the Demerged Company or become employees
of the Company pursuant to this Scheme) under the STL ESOP Scheme; the said eligible employees shall be issued 1 (one) stock
option by the Company under the new special purpose employee stock option scheme (formulated by the Company) for every 1 (one)
ESOP outstanding as on the Effective Date in the Demerged Company, on terms and conditions similar to the STL ESOP Scheme. The
Nomination and Remuneration Committee will administer the new special purpose stock option scheme.

Accordingly, the Company has formulated STL Networks Limited - Special Purpose Employee Stock Option Scheme - 2025 ("SP ESOP
Scheme 2025”).

v) The Company has charged ' 1.33 (March 31, 2025: ' 1.29) to the statement of profit and loss in respect of options granted under
ESOP scheme. Further, the charge of ' 0.81 in respect of employee share based expenses for the options granted to employees of fellow
subsidiary (Sterlite Technologies Limited) under SP ESOP Scheme 2025 is recognised in retained earnings.

vi) Fair Value of the options granted during the current year

Following are the details of assumptions under the grant, related vesting conditions and fair valuation model used based on the nature
of vesting.

(I) Date of Grant- December 04, 2025 - Granted under Special Purpose Employee Stock Option Scheme - 2025

The Company has granted 1,876,412 options under its ESOP scheme to the eligible employees of the Company and its subsidiary
Company and Sterlite Technologies Limited under Special Purpose Employee Stock Option Scheme - 2025 based on following criteria
and related assumptions

Vesting criteria - Assured Vesting of Options in five years, provided that employees are in service as on the date of vesting. The vesting
date is as per the original vesting under the STL ESOP Scheme, granted to the eligible employees of the Company.

On November 21, 2025, the Government of India notified 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. Under Ind AS 19, changes to employee benefit plans arising from legislative amendments
constitute a plan amendment, requiring recognition of past service cost immediately in the Statement of profit and Loss. The Company
has assessed and disclosed the incremental impact of these changes on the basis of 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 (past service cost) as "Statutory impact of new Labour
Codes” under "Exceptional Item” in the Standalone Statement of Profit and Loss for the year ended March 31, 2026. The incremental
impact (past service cost) consisting of gratuity of ' 3.49 and long-term compensated absences of ' 1.63 primarily arises due to change
in wages definition. 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.

35 Capital and others commitments

a) Estimated amount of contracts remaining to be executed on capital account and not recognised for (net of advances) are ' Nil
(March 31, 2025: ' Nil)

b) The external loan taken by STL UK Holdco Limited is guaranteed by the Company (corporate guarantee was issued by Sterlite
Technologies Limited (Demerged Company), which pursuant to the scheme of arrangement (refer note 44) will continue in the name
of Demerged Company of '130.07 (March 31, 2025: '116.20). The Company is in process of obtaining the required regulatory approval
for transfer of such guarantee (refer note 43). Also refer note 40.

c) Corporate guarantee provided to bank on behalf of Sterlite Technologies Limited as required under the Scheme of arrangement
referred in Note 44 amounting to ' 347.00 (March 31, 2025: Nil). Also refer note 40.

* Includes interest and penalties, if any upto the date of demand. The above matters pertain to certain disallowances/demand raised
by respective authorities

Note:

a) Includes contingent liabilities which relate to the activities or operations of the Demerged undertaking and assumed by the Company
pursuant to the scheme of arrangement (refer note 44). Sterlite Technologies Limited (the Demerged Company) is contesting these
litigations on advice of the Company and in case of any unfavourable outcome, the Company will reimburse the demand and all the
related costs to the Demerged Company.

b) The Company has certain on-going arbitration/ litigations/ counter claims against the Company with respect to certain customer
contracts. The Company believes that it has sufficient and strong arguments on facts as well as on point of law including consideration
of the legal opinion, wherever necessary and accordingly no contingent liability in this regards has been considered in the standalone
financial statements. Counter claim by a customer to the extent of ' 625 is considered remote based on a legal opinion.

37 Audit trail and daily backup

a. Audit Trial

The Company has used multiple accounting software for maintaining its books of account which have a feature of recording audit
trail (edit log) facility and that has operated throughout the year for all relevant transactions recorded in the software, except for:

- in respect of the core accounting software, the audit trail feature is not maintained in case of modification by certain users with
specific access at application level and also, incase for direct database changes; and

- another accounting software did not have the feature of recording audit trail.

The audit trail feature, to the extent maintained, has not been tampered with . Further, the audit trail, to the extent maintained, has
been preserved by the Company as per the statutory requirements for record retention.

b. Daily backup

The Company has maintained proper books of account as required by law, except that the backup of certain books of account and
other books and papers maintained in electronic mode has not been maintained on a daily basis on servers physically located in
India during the year.

38 Details of dues to Micro and Small Enterprises as defined under MSMED Act, 2006

The Company has certain dues to suppliers registered under Micro, Small and Medium Enterprises Development Act, 2006 (‘MSMED
Act'). The disclosures pursuant to the said MSMED Act are as follows:

Note: Explanation for change in ratio by more than 25%

(i) The variation is mainly on account of lower revenue, higher interest cost and exceptional items

(ii) The variation is mainly on account of lower revenue and collections from customer.

(iii) The variation is mainly on lower profitability and higher finance cost.

(iv) The variation is mainly on account of the inventory (components and bought-outs) procured for orders to be executed in subsequent
year.

40 Financial risk management

The Company's principal financial liabilities, comprise borrowings, acceptances, trade and other payables and other financial liabilities.
The main purpose of these financial liabilities is to finance the Company's operations. The Company's principal financial assets include
Investments, loans, trade and other receivables, bank balance and other financial assets that arise directly from its operations.

The Company's activities expose it to market risk, credit risk and liquidity risk. The Company's senior management oversees the
activities to manage these risks. 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 should
be undertaken.

The Risk Management policies of the Company are established to identify and analyse the risks faced by the Company, to set appropriate
risk limits and controls and to monitor risks and adherence to limits. Risk management policies and systems are approved and reviewed
regularly by the Board to reflect changes in market conditions and the Company's activities.

Management has overall responsibility for the establishment and oversight of the Company's risk management framework. The risks to
which Company is exposed and related risk management policies 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 and foreign currency risk. Financial instruments affected by market
risk mainly includes loans given and borrowings, financial assets and liabilities in foreign currency and derivative financial instruments.

The sensitivity analysis in the following sections relate to the position as at March 31, 2026 and March 31, 2025.

The sensitivity analysis have been prepared on the basis that the amount of debt, the ratio of fixed to floating interest rates of the debt,
derivatives and the proportion of financial instruments in foreign currencies are all constant at March 31, 2026 and March 31, 2025.

Interest rate risk

Interest rate risk is the risk that the fair value or the future cash flows of a financial instrument will fluctuate because of changes in
interest rates. The Company's exposure to the risk of changes in interest rate primarily relates to the Company's debt obligations with
floating interest rates.

The Company is not exposed to the interest rate fluctuation in borrowing. As at March 31, 2026, 100% of the Company's borrowings are
at a fixed rate of interest (March 31, 2025: 100%).

Foreign currency risk

The Company is exposed to foreign exchange risk arising from foreign currency transactions, primarily with respect to the GBP, USD
and AED. Foreign exchange risk arises from future commercial transactions and recognised assets denominated in a currency that is
not the company's functional currency which is INR (').

As per the risk management policy, foreign exchange forward contracts are taken to hedge its exposure in the foreign currency risk.
During the year ended March 31, 2026, the Company did not have any hedging instruments with terms which were not aligned with
those of the hedged items.

(b) Credit risk

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

Trade receivables and Contract assets

The Company has established policy, procedures and control relating to customer credit risk management. Credit quality of a customer
is assessed taking into account its financial position, past experience and other factors, e.g. credit rating and individual credit limits are
defined in accordance with credit assessment. Outstanding customer receivables are regularly monitored.

The average project execution cycle ranges from 12 to 36 months based on the nature of contract and scope of services to be provided.
General payment terms include mobilisation advance, progress payments with a credit period ranging from 45 to 90 days and certain
retention money to be released at the end of the project. In some cases retentions are substituted with bank/corporate guarantees.
In respect of trade receivables and contract assets, the Company follows a simplified approach wherein an amount equal to lifetime
expected credit loss (ECL) is measured and recognised as impairment allowance. During the year ended March 31, 2025, the ECL was
assessed individually for each customer. During the current year, the Company has computed ECL allowance based on a provision matrix
which is prepared based on historically observed default rates over the expected life of trade receivables adjusted for any forward
looking information. At every reporting date, the historical observed default rates are updated. The Company follows provisioning
norms based on the roll rate method to estimate the impairment allowance under ECL. Further, the Company has assessed credit risk on
an individual basis in respect of certain customers in case of event driven situation such as disputes and slow moving projects, specific
provision is made after evaluating the expected date of billing and collection, interpretation of contractual terms, project status, past
history, latest discussion/ correspondence with the customers, expert's evaluation and legal opinions, wherever applicable.

The Company does not hold collateral as security. The Company evaluates the concentration of risk with respect to trade receivables
as low, as its customers are located in several jurisdictions and operate in largely independent markets. During the year, the Company
made write-offs of ' Nil (March 31, 2025: ' Nil) trade receivables and it does not expect to receive future cash flows or recoveries from
collection of cash flows previously written off.

Reconciliation of loss allowance provision of inter company loans and financial guarantee:

The Company has given interest-bearing loans to its subsidiaries which are repayable on demand. Further, certain external loan taken by
the subsidiary is guaranteed by the Company (corporate guarantee was issued by Sterlite Technologies Limited (Demerged Company),
which pursuant to the scheme of arrangement (refer note 44) will continue in the name of Demerged Company. The Company is in
process of obtaining the required regulatory approval for transfer of such guarantee).

The loans and financial guarantee given to subsidiaries are reviewed and assessed for impairment at each reporting date under Ind AS
109. The inter-company loans have been provided to the subsidiaries for operational purposes and with an expectation of an extended
gestation period. The Company intends to allow the subsidiaries to continue trading and thus reviews the cash flow forecasts to confirm
whether the projections are in line with the initial expectations.

The Company considers the expected manner of recovery and recovery period of the loans to determine the expected credit loss. The
gross carrying amount of loans for which credit risk has not increased significantly since initial recognition is ' 373.27. (March 31, 2025
: ' 317.50).

Financial assets and cash deposits

Credit risk from balances with banks and financial institutions is managed by the Company's treasury department in accordance with
the Company's policy. Investments of surplus funds are made only with approved counterparties and within credit limits assigned to
each counterparty. Counterparty credit limits are reviewed by the Company on an annual basis, and may be updated throughout the
year. The limits are set to minimise the concentration of risks and therefore mitigate financial loss through counterparty's potential
failure to make payments. The credit default risk on balances with banks and financial institutions is considered to be negligible. The
Company assesses counter party credit risk relating to gaurantee issued pursuant to the Scheme referred to in Note 44 and considering
the arrangement, the default risk is considered to be immaterial.

The Company's maximum exposure to credit risk for the components of the balance sheet at March 31, 2026 and March 31, 2025 is the
carrying amounts of each class of financial assets.

(c) Liquidity risk

Liquidity risk is the risk that the Company may encounter difficulty in meeting its present and future obligations associated with
financial liabilities that are required to be settled by delivering cash or another financial asset. The Company's objective is to, at all
times, maintain optimum levels of liquidity to meet its cash and collateral obligations. The Company requires funds both for short term
operational needs as well as for long term investment programs. The Company closely monitors its liquidity position and deploys a
robust cash management system. It aims to minimise these risks by generating sufficient cash flows from its current operations, which
in addition to the available cash and cash equivalents, liquid investments and sufficient committed fund facilities which will provide
liquidity.

The Company is in the process of obtaining separate working capital and other borrowing limits from certain banks and financial
institutions consequent to the Scheme of Arrangement (refer note 44). Sterlite Technologies Limited (the Demerged Company) has
confirmed to provide continued support in respect of the working capital limits and loans being tranferred to the Company as per the
Scheme referred to in Note 44 to maintain the Company's operational continuity till the time sufficient sanctioned borrowing limits are
set up. If need arises, Sterlite Technologies Limited will also provide loans / corporate gauarantee to the Company within the limits as
approved by its Board of Directors.

Subsequent to the year end, Board of Directors have approved an issue of upto 45,000,000 convertible share warrants to promoter
shareholders at ' 24 each aggregating upto ' 108, subject to necessary approvals from the members of the Company. Each share
warrant is convertible in 1 equity share of ' 2 each.

41 Capital management

For the purpose of the Company's capital management, capital includes issued equity capital (including Share capital suspense
account pending allotment) and all other equity reserves attributable to the shareholders of the Company. The primary objective of
the Company's capital management is to ensure that it maintains a strong credit rating, healthy capital ratios in order to support its
business and maximise shareholder value and optimal capital structure to reduce cost of capital.

In order to achieve this overall objective, the Company's capital management, amongst other things, aims to ensure that it meets all
covenants attached to the interest-bearing loans and borrowings that define capital structure requirements. Breaches in meeting the
covenants would permit the bank to immediately call loans and borrowings. There have been no breaches in the covenants of any
interest-bearing loans and borrowing in the current year. There were no financial covenants applicable for borrowings as at March 31,
2025.

The Company manages its capital structure to ensure it remains adequately funded to support its operations and growth strategy. To
maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders
or issue new shares. The Company monitors capital using a gearing ratio, which is net debt divided by total capital plus net debt. The
Company's policy is to keep the gearing ratio optimum. The Company includes within net debt total borrowings and lease liabilities net
of cash and cash equivalent.

b) Fair value hierarchy

This section explains the judgements and estimates made in determining the fair values of the financial instruments that are recognised
and measured at fair value. To provide an indication about the reliability of the inputs used in determining fair value, the Company has
classified its financial instruments into the three levels prescribed under the Ind AS. An explanation of each level follows underneath
the table.

Level 1 : The fair value of financial instruments traded in active markets is based on quoted market prices at the end of the reporting
period. These instruments are included in level 1.

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 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 have been no transfers among Level 1, Level 2 and Level 3.

c) Valuation technique used to determine fair value

The fair value of the financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current
transaction between willing parties, other than in a forced or liquidation sale.

The Company enters into derivative financial instruments with financial institutions with investment grade credit ratings.

d) Valuation processes

The finance department of the Company includes a team that oversees the valuations of financial assets and liabilities required for
financial reporting purposes, including level 3 fair values.

Involvement of external valuers is decided by the finance team on a case to case basis. Selection criteria includes market knowledge,
reputation, independence and whether professional standards are maintained.

The management assessed that carrying value of cash and cash equivalents, trade receivables, acceptances, trade payables, other
current financial assets and other current financial liabilities approximate their fair value largely due to the short-term maturities of
these instruments. Further the loans given are loans repayable on demand. The management has further assessed that borrowings
availed and loans given are fixed rate borrowings / loans and movements in interest rates from the recognition of such financial
instrument till year end, not being material.

Notes:

(i) The remuneration paid to the KMPs for the year ended March 31, 2025, were paid to them in the capacity as employees of Global
Services Business of Sterlite Technologies Limited which was transferred to the Company pursuant to the Scheme referred to in
note 44.

(ii) Above compensation is excluding gratuity and leave encashment expense. Liability for post employment benefits is provided on
actuarial basis for the Company as a whole, the amount pertaining to the individual is not ascertainable and therefore not included
above.

(E) Terms and Conditions

a) All outstanding balances are unsecured and repayable in cash.

b) The transactions with the related parties disclosed above are net of goods and services tax (as applicable).

c) The outstanding balances of related parties disclosed above are gross of goods and services tax (as applicable).

d) The outstanding balances receivable for Loans/advance receivables and Investment in equity shares from related parties are
net of impairment loss, if any.

(F) Consequent to the Scheme of Arrangement referred to in Note 44, the Company and Sterlite Technologies Limited (STL) have
been in process for separation of banking limits and other factoring arrangement for the Company.

Pending such separation, as per the Scheme referred to in Note 44, STL is temporarily facilitating banking transactions on behalf
of the Company on a pass-through basis. Also, pending novation of certain customer contracts in favor of the Company, STL raises
invoices and makes collections on behalf of the Company.

These are administrative arrangements and do not alter the primary rights and obligations for assets and liabilities that have been
transferred to the Company under the Scheme.

Amounts paid, received or facilities utilized by the Company are recorded as balances receivable from/payable to STL and are
recoverable/settled in the ordinary course of business.

44 Scheme of arrangement

The Scheme of Arrangement (the "Scheme” or "Scheme of arrangement") between the Company, Sterlite Technologies Limited ("STL")
and their respective shareholders and creditors, for transfer by way of demerger the Global Services Business (Demerged Undertaking)
of STL to the Company was approved by the National Company Law Tribunal ("NCLT") vide its Order dated February 14, 2025 which
was filed with the Registrar of Companies making the Scheme effective on close of business hours on March 31, 2025. The Scheme was
given effect in the standalone financial statements for the year ended March 31, 2025 from the beginning of the preceeding period i.e.
April 01, 2023 (which is also the appointed date as per the Scheme) in accordance with Appendix C "Business combinations of entities
under common control" to Ind AS 103 "Business Combinations” as prescribed in the NCLT approved Scheme.

The directly identifiable assets, liabilities, income and expenditure of the Demerged Undertaking were based on the books of accounts
and underlying accounting records. All other assets, liabilities, income and expenditure related to the Demerged Undertaking were
allocated on the basis as mentioned in the Scheme or as approved by the Board of Directors. The transactions pertaining to the
Demerged Undertaking of Sterlite Technologies Limited from the appointed date (i.e. April 1, 2023) upto the effective date of the
Scheme (i.e. March 31, 2025) were made by Sterlite Technologies Limited on behalf of the Company as per the Scheme.

Pursuant to the Scheme, the Company has allotted equity shares to the shareholders of Sterlite Technologies Limited whose name
appeared in the register of members as on the record date i.e. April 24, 2025, one equity share of ' 2.00 each in the Company as fully
paid up for every equity share of ' 2.00 each held by them in Sterlite Technologies Limited, aggregating to 487,921,086 equity shares
of ' 2 each.

250,000 equity shares of ' 2.00 each of the Company amounting to ' 0.10 held by Sterlite Technologies Limited stands cancelled on
the Scheme becoming effective. Consequently, the Company has ceased to be subsidiary of Sterlite Technologies Limited as on March
31, 2025.

The Equity Shares of the Company have been listed on the stock exchange viz BSE Limited ("BSE") and National Stock Exchange
Limited of India ("NSE") in accordance with the Scheme.

45 Details of loans and advances given to subsidiaries

The details are provided as required by regulation 53(f) read with Para A of Schedule V to SEBI (Listing Obligation and Disclosure
Requirements) Regulations, 2015.

48 Segment reporting

The Company has presented segment information in the Consolidated Financial Statements which are part of the same annual report.
Accordingly, in terms of provisions of Ind AS 108 ‘Operating Segments', no disclosures related to segments are presented in these
Standalone Financial Statements.

49 Previous year figures

Previous year figures have been reclassified / re-arranged to conform to this year's classification.

46 Transactions with Struck off companies

The Company does not have any transactions with companies struck-off under section 248 of the Company, 2013 or section 560 of
Companies Act, 1956.

47 Corporate Social Responsibility (CSR)

As per section 135(5) of the Companies Act 2013, every company which is required to engage in CSR, must ensure CSR spending with
reference to the average net profits made during the immediately preceding three financial years, or where the concerned company has
not completed a period of three financial years since its incorporation, then with reference to the immediately preceding financial year.

The Company has spent an amount of ' 0.54 (March 31, 2025: ' Nil) during the year as required under section 135 of the Companies
Act, 2013 for the areas of education, healthcare, woman empowerment and environment.