(k) Provisions, contingent assets & contingent
liabilities:

Provisions are recognised when the Company has a
present legal or constructive obligation as a result
of past events, it is probable that an outflow of
resources will be required to settle the obligation and
the amount can be reliably estimated. A provision is
made in respect of onerous contracts, i.e., contracts
in which the unavoidable costs of meeting the
obligations under the contract exceed the
economic benefits expected to be received under
such contracts. Provisions are not recognised
for other future operating losses. The carrying
amounts of provisions are reviewed at each
balance sheet date and adjusted to reflect the
current best estimate. Provisions are measured at
the present value of management’s best estimate
of the expenditure required to settle the present
obligation at the end of the reporting period.
A disclosure for contingent liabilities is made
where there is a possible obligation or a present
obligation that may probably not require an outflow
of resources or an obligation for which the future
outcome cannot be ascertained with reasonable
certainty. When there is a possible or a present
obligation where the likelihood of outflow of
resources is remote, no provision or disclosure is
made.

(l) Cash flow statements

Cash flows are reported using the indirect method,
whereby profit for the period is adjusted for the
effects of transactions of a non-cash nature, any
deferrals or accruals of past or future operating
cash receipts or payments and item of income or
expenses associated with investing or financing
cash flows. The cash flows from operating,
investing and financing activities of the Company
are segregated. The Company considers all highly
liquid investments that are readily convertible to
known amounts of cash to be cash equivalents.

(m) Earning per share

Basic earnings per equity share is computed by
dividing the net profit attributable to the equity
holders of the company by the weighted average
number of equity shares outstanding during the
year.

Diluted earnings per equity share is computed by
dividing the net profit attributable to the equity
holders of the company by the weighted average
number of equity shares considered for deriving
basic earnings per equity share and also the
weighted average number of equity shares that
could have been issued upon conversion of all
dilutive potential equity shares.

The number of equity shares and potentially
dilutive equity shares are adjusted retrospectively
for all periods presented for any share splits and
bonus shares issues including for changes effected
prior to the approval of the financial statements by
the Board of Directors.

2. c Significant accounting judgements,
estimates & assumptions

In the process of applying the Company’s
accounting policies, management has made the
following estimates, assumptions and judgements
which have significant effect on the amounts
recognized in the financial statement:

a) Income taxes

Judgment of the management is required for
the calculation of provision for income taxes
and deferred tax assets and liabilities. The
Company reviews at each balance sheet date
the carrying amount of deferred tax assets.
The factors used in estimates may differ from
actual outcome which could lead to significant

adjustment to the amounts reported in the
standalone financial statements.

b) Contingencies

Judgment of the management is required for
estimating the possible outflow of resources,
if any, in respect of contingencies/claim/
litigations against the Company as it is not
possible to predict the outcome of pending
matters with accuracy.

c) Allowance for uncollected accounts
receivable

Trade receivables do not carry any interest and
are stated at their normal value as reduced
by appropriate allowances for estimated
irrecoverable amounts. Individual trade
receivables are written off when management
deems them not collectible. Impairment is
made on expected credit loss, which are the
present value of the cash shortfall over the
expected life of the financial assets.

2. d Recent accounting pronouncements

The below amendments to the existing standard
which are notified by Ministry of Corporate
Affairs but are not yet effective: Amendment to
Ind AS 1 ‘Presentation of Financial Statements’-
Classification of Liabilities as current or non¬
current and non-current liabilities with covenants.
The amendment includes specific provisions that
will take effect for reporting periods beginning on
or after April 1, 2026, retrospectively, as outlined
below:

(a) Breach of material covenant for long-term loan
arrangement on or before end of reporting period
with effect that liability becomes payable on
demand as on reporting date, then it shall be
classified as current liability, if lender agreed
after reporting period and before approval of
consolidated financial statements to not demand
payment as a consequence of breach.

(b) Classify as non-current liability, if lender agreed
by end of reporting period to provide grace period
ending at least 12 months after reporting period
within which entity can rectify the breach provided
lender does not demand immediate repayment.

(c) Disclose information about the timing of settlement
to understand the impact of the liability on the
standalone financial statements.

The Company does not expect this amendment to
have an impact on its operations or consolidated
financial statements.

b) Rights, preferences and restrictions attached to equity shares

The Company has only one class of equity shares having a par value of Re. 1 per share. Each holder of equity shares
is entitled to one vote per share. The dividend proposed, if any, by the Board of Directors is subject to approval of the
shareholders in the ensuing annual general meeting, except in the case of interim dividend. In the event of liquidation
of the company, the holder of equity shares will be entitled to receive the remaining assets of the company after
distribution of all preferential amounts, if any, in the proportion of their holdings.

e) Buy Back

There is no buy back of shares in the current year and proceeding five years for consideration other than cash.

f) Bonus shares

The aggregate number of equity shares allotted as fully paid up by way of bonus shares in immediately preceding
five years ended March 31, 2026 are 30,78,60,000 shares (previous period of five years ended March 31, 2025:
30,78,60,000 shares).

g) Shares issued other than cash

On October 31, 2022 the Company has transferred its 100% equity holding in BLS Kendras Private Limited comprising
5,00,000 equity shares to its subsidiary, BLS E-Services Limited (erstwhile BLS E-Services Private Limited). In
consideration thereof the Company was allotted 7,41,297 equity share of BLS E-Services of face value of Rs. 10/-
each, ranking pari passu with existing shares

A. Description of nature and purpose of each reserve

i Retained earning

Retained earnings are the profits that the Company has earned till date less dividends or other distributions paid to
shareholders. Retained earnings is a free reserve available to the Company.

ii Securities premium reserve

Securities premium reserve represents premium received on issue of shares. The reserve is utilised in accordance
with the provisions of the Companies Act, 2013.

iii Re-measurement of defined benefit plans

This represents the actuarial gains/losses recognised in other comprehensive income.

iv Share based payment reserve

Share based payment reserve is used to recognise the grant date fair value of options issued to employees under the
BLS International employee stock option scheme- 2020- “ESOP 2020” and BLS International employee stock option
scheme- 2023- “ESOP 2023”

B. Dividends

i Final dividend on shares are recorded as liability on the date of approval by the shareholders and interim liability are
recorded as a liability on the date of declaration by the company’s Board of Directors.

ii The Company declares and pays dividends in Indian rupees. The remittance of dividends outside India is governed
by Indian law on foreign exchange and is subject to applicable distribution taxes.

25.2 Corporate social responsibilty

As per Section 135 of the Act, a Company, meeting the applicability threshold, needs to spend at least 2% at its average
net profit for the immediately preceding three financial years on corporate social responsibility (CSR) activities. The areas
for CSR activities are eradication of hunger and malnutrition, promoting education, art and culture, healthcare, destitute
care and development in livelihood and education for most pressing communuty through women empowerment projects.
A CSR committee has been formed by the Company as per the Act. The details of funds primarily utilized through the year
on these activities are given below:

Defined contribution plans:-

The Company has recognized Rs. 322.48 Lakhs (March 31, 2025 Rs. 182.60 lakhs) as expense in Statement of profit and
loss towards defined contribution plan.

Leave plan and compensated absences:-

The Company has a leave encashment scheme with defined benefits for its employees. The Company makes provision
for such liability in the books of accounts on the basis of year end actuarial valuation. The Company has recognized
provision of Rs. 59.97 lakh for year ended March 31,2026 (for the year ended March 31,2025: Rs. 57.70 lakh) under leave
encashment provision.

Sensitivity Analysis :

Significant actuarial assumption for the determination of the defined benefit obligation are discount rate and expected
salary increase rate. Effect of change in mortality rate is negligible. Please note that the sensitivity analysis presented
below may not be representative of the actual change in the defined benefit obligation as it is unlikely that the change
in assumption would occur in isolation of one another as some of the assumption may be correlated. The result of the
sensitivity analysis are given below:

30 Share - based payments

The Company instituted the employee stock option plan(s) to grant equity based incentives to eligible employees of the
Company and its subsidiaries. The Company has two ESOP schemes, nameiy,BLS International Employee Stock Option
Scheme 2020 (“ESOP- 2020”) and BLS International Employee Stock Option Scheme 2023 (“ESOP - 2023”) . With
an objective to implement the ESOP- 2020 and ESOP- 2023, the Company formed the BLS International Employees
Welfare Trust (the “ESOP Trust”) to hold or possess equity shares and subsequently transfer to employees in accordance
with the terms of the ESOP Schemes, as applicable.

A) BLS International Employee stock option scheme- 2020- “ESOP 2020”

BLS International Employee stock option scheme- 2020- “ESOP 2020” was approved by the shareholders of the
Company on June 25, 2020 through postal ballot process. The Company has granted 10,47,000 options to eligible
employees of the Company including employees of subsidiary companies.

B) BLS International Employee stock option scheme- 2023- “ESOP 2023”

BLS International Employee stock option scheme- 2023- “ESOP 2023” was approved by the shareholders of the
Company in its annual general meeting held on September 21, 2023. The Company has granted 18,00,000 options
to eligible employees of the Company including employees of subsidiary companies.

The fair value of the share options is estimated at the grant date using the Black- Scholes option pricing model,
taking into account the terms and conditions upon which the share options were granted. However, the above
performance condition is only considered in determining the number of instruments that will ultimately vest.
Options have been granted with vesting period that shall commence after minimum 1 year from the grant date and it
may extend upto maximum of 3 years (as mentioned in below table) on the basis of graded vesting. Excercise period
will start from date of vesting of options and shall end till one year from the date of last vesting of options granted on
particular date. There are no cash settlement alternatives.

31(B) Fair value measurements

(i) The following table provides the fair value measurements hierarchy of the Company’s financial assets and
liabilities:

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

Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability,
either directly (i.e. as prices) or indirectly (i.e. derived from prices).

Level 3 - Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs).

The following table provides an analysis of financial instruments that are measured subsequent to initial
recognition at fair value, grouped into Level I to Level 3, as described below.

Financial instrument measured at amortised cost

The carrying amount of financial assets and financial liabilities measured at amortised cost in the financial
statements are a reasonable approximation of their fair value since the Company does not anticipate that the
carrying amounts would be significantly different from the values that would eventually be received or settled.

There has been no transfers between level 1, level 2 and level 3 for the year ended March 31, 2026 and 2025.

31 (C) Financial risk management- objectives and policies

The Company’s board of directors has the overall responsibility for the management of these risks and is supported by
Risk Management Committee that advises on the appropriate financial risk governance framework. The Company has
the risk management policies and systems in place and are reviewed regularly to reflect changes in market conditions
and the Company’s activities. The Company’s risk management committee oversees how management monitors
compliance with the risk management policies and procedures, and reviews the adequacy of risk management
framework in relation to the risks faced by the Company. The framework seeks to identify, asses and mitigate financial
risk in order to minimise potential adverse effects on the Company's financial performance.

The Company's financial liabilities comprise mainly of lease liabilities, borrowings, trade payable and others payable.
The company's financial assets comprise mainly of investments, cash and cash equivalents, other bank balances,
loans , trade receivable and other receivables.

The company has exposure to the following risks arising from financial instruments:

- Credit risk

- Liquidity risk; and

- Market risk

a) Credit risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to
meet its contractual obligation, and arises from the operating activities primarily (trade receivables) and investing
activities including deposits with banks and other security deposits. The Company establishes an allowance for
impairment that represents its estimate of expected losses in respect of financial assets. A default of financial assets
is when there is a significant increase in the credit risk which is evaluated based on the business environment.

(i) Cash and cash equivalents

Credit risk on cash and cash equivalent is limited as we generally transact with banks with high credit ratings
assigned by international and domestic credit rating.

(ii) Trade receivables:

Customer credit risk is managed based on Company’s established policy, procedures and controls. The Company
assesses the credit quality of the counterparties, taking into account their financial position, past experience and
other factors.

Credit risk is reduced by receiving pre-payments. The Company has a well defined sales policy to minimize its risk
of credit defaults. Outstanding customer receivables are regularly monitored and assessed. Impairment analysis
is performed based on historical data at each reporting date on an individual basis.

(iii) Loan to related parties

The Company considers the probability of default upon initial recognition of loan and whether there has
been a significant increase in credit risk on an ongoing basis throughout each reporting period. To assess
whether there is a significant increase in credit risk, the Company compares the risk of a default occurring
on the loan as at the reporting date with the risk of default as at the date of initial recognition. The Company
has provided loan to its subsidiary SLW Media Private Limited of Rs. 7.5 lakhs at an interest rate equivalent
to one year State Bank of India (SBI) marginal cost of fund based lending rate (MCLR). The company has
provided interest free loan to BLS International Employees Welfare Trust (ESOP) of Rs. 370 lakhs.

b) Liquidity risk

Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time or at
a reasonable price. The Company’s treasury department is responsible for maintenance of liquidity, continuity of
funding as well as timely settlement of debts. In addition, policies related to mitigation of risks are overseen by
senior management. Company monitor their risk of shortage of funds using cash flow forecasting models. These
models consider the maturity of their financial investments, committed funding and projected cash flows from
operations. The Company’s objective is to provide financial resources to meet its business objectives in a timely,
cost effective and reliable manner.

Maturity profile of financial liabilities

The table below provides details regarding the remaining contractual maturities of financial liabilities at the
reporting date based on contractual undiscounted payments.

c) Market risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of
fluctuation in market prices. These comprise three types of risk i.e. currency rate , interest rate and other price
related risks. Financial instruments affected by market risk include loans and borrowings, deposits, investments,
and derivative financial instruments. Foreign currency risk is the risk that the fair value or future cash flows of a
financial instrument will fluctuate because of changes in foreign exchange rates. Interest rate risk is the risk that
the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest
rates. Regular interaction with bankers, intermediaries and the market participants help us to mitigate such
risk.

i) Interest rate risk and sensitivity

The Company has borrowings with the related parties at a fixed rate of interest.Therefore there is no interest
rate risk.

ii) Price related risks

The primary goal of the Company investment is to maintain liquidity along with meeting company’s strategic
purposes. Depending upon the investment strategy at inception, management classifies certain investments
as FVTPL. The following table details the Company sensitivity to a 1% increase and decrease in the price of
instruments.

iii) Foreign currency risk

Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate
because of changes in foreign exchange rates. The primary market risk to the Company is foreign exchange
risk.

Foreign currency sensitivity

Sensitivity analysis is computed based on the changes in the income and expenses in foreign currency
upon conversion into functional currency, due to exchange rate fluctuations between the previous reporting
period and the current reporting period. The below table demonstrates the sensitivity to a 0.25% increase
or decrease in the foreign currency against INR, with all other variable held constant. The sensitivity analysis
is prepared on the net unhedged exposure of the company as at the reporting date. 0.25% represents
management’s assessment of reasonably possible change in foreign exchange rate.

35 Additional regulatory information required by Schedule III

a) Title deeds of immovable property not held in the name of the Company

The Company do not have any immovable property which is not held in the name of Company.

b) Details of benami property held

The Company does not hold any benami property. No proceedings have been initiated on the Company or are pending
against the Company for holding benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of
1988) and rules made thereunder.

c) Borrowings secured against current assets

The Company has no borrowings from banks and financial institutions on the basis of security of current assets.

d) Wilful defaulter

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

e) Relationship with struck off companies

The Company do not have any transactions with struck-off companies under section 248 of Companies Act,2013.

f) Registration of charges or satisfaction with Registrar of Companies (ROC)

The Company do not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory
period.

g) Fund received

The Company have not received any fund from any person or entity, including foreign entities (funding party) with the
understanding (whether recorded in writing or otherwise) that the Company shall:

a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on
behalf of the funding party (ultimate beneficiaries); or

b) provide any guarantee, security or the like on behalf of the ultimate beneficiaries

h) Fund advanced

The Company have not advanced or loaned or invested funds to any other person or entity, including foreign entities
(intermediaries) with the understanding that the intermediary shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on
behalf of the company (ultimate beneficiaries); or

(b) provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.

i) Undisclosed income

The Company does not have any transaction which is not recorded in the books of accounts that has been surrendered
or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or
survey or any other relevant provisions of the Income Tax Act, 1961).

j) Details of crypto currency or virtual currency

The Company has not traded or invested in crypto currency or virtual currency during the current or prior year.

k) Valuation of property, plant and equipment, intangible asset and investment property

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

l) Utilisation of borrowings taken from banks and financial institutions for specific purpose

The Company has not availed any borrowings from any banks or financial institutions during the year.

m) Details of any whistle blower complaints received

The Company have not received any whistle blower complaints during the financial year.

n) Audit trail -

The Company has used an accounting software for maintaining its books of account for the financial year ended March
31, 2026 which has a feature of recording audit trail (edit log) facility except audit trail on the database level and the
same has been operating for all relevant transactions recorded in the software throughout the year. Additionally, the
audit trail has been preserved by the Company as per the statutory requirements for record retention.

36 Segment reporting

As per Ind AS 108 - Operating Segments, where the financial report contains both the consolidated financial statements
of a parent as well as the parent’s separate financial statements, segment information is required only in the consolidated
financial statements, accordingly no segment information is disclosed in these standalone financial statements of the
Company.

Concentration of Revenue

During the year ended 31 March 2026, revenues from transactions with two customers individually amounted to 10%
or more of the Company’s total revenue. The Company is economically dependent on these customers for a significant
portion of its revenue.

37 No adjusting or significant non- adjusting events have occurred between the reporting date and date of authorization of
these financial statements.

38 The Micro, Small And Medium Enterprises Development (Msmed) Act, 2006

Based on the information available, there are certain vendors who have confirmed that they are covered under the Micro,
Small and Medium Enterprises Development Act, 2006. Disclosures as required by section 22 of ‘The Micro, Small and
Medium Enterprises Development Act, 2006, are given below:
* Amount included in trade payables Rs. 4.48 Lac and other current financial liabilities Rs. 367.41 (March 31, 2025 : Rs.
21.56 and Rs.40.12 respectively)

No parties have been identified under the Micro, Small and Medium Enterprises (Development) Act, 2006 other than
disclosed above. This disclosure has been determined to the extent such parties have been identified on the basis of
information available with the Company.

39 For the previous year ended March 31, 2025, the Company had undertaken a transfer pricing study and obtained the
prescribed certificate of the accountant to comply with the said transfer pricing regulations, which did not envisage any
tax liability. For the year ended March 31, 2026, the Company will carry out the similar study to comply with the said
regulations and accordingly adjustments, if any arising from the transfer pricing study shall be accounted for as and
when the study is completed. The management confirms that all international and specific domestic transactions with
associates enterprises are undertaken at negotiated contracted prices on usual commercial terms and at arm’s length
basis as per the provisions of Income Tax Act, 1961.