ಕಂಪನಿಯ ಅಕೌಂಟಿಗ್ ಪಾಲಿಸಿ Canara Robeco Asset Management Company Ltd.

Mar 31, 2026

3 MATERIAL ACCOUNTING POLICY INFORMATION3.1 Cash and Cash Equivalents

Cash and cash equivalents include cash on hand
and other short-term, highly liquid investments
with original maturities of three months or less
that are readily convertible to known amounts of
cash and which are subject to an insignificant risk
of change in value.

3.2 Financial Instrumentsi) Recognition and initial measurement

All financial assets and financial liabilities
which are not recognized at Fair value
through Profit and Loss are initially measured
at fair value plus transaction cost that are
directly attributable to its acquisition or issue.

ii) Classification and subsequentmeasurementFinancial assets on initial recognition

A financial asset is classified and measured at:

- Amortized Cost.

- Fair Value through Other Comprehensive
Income (FVOCI).

- Fair Value through Profit and Loss (FVTPL).

Financial assets are not reclassified subsequent
to their initial recognition, except if and in the
period the Company changes its business model
for managing financial assets.

Financial asset at amortized cost

A financial asset is measured at amortised cost if
it meets both of the following conditions and is not
recognized at FVTPL:

- The asset is held within a business model
where objective is to hold assets to collect
contractual cash flow; and

- The contractual terms of the financial asset
give rise on specified dates to cashflow
that are solely payments of Principle and
interest on principal amount outstanding
using effective interest rate (EIR) method.
Amortized cost is calculated by considering
any discount or premium on acquisition
and fees or costs that are an integral part
of the EIR and reported as part of interest
income in the Statement of Profit and Loss.
The losses, if any, arising from impairment
are recognized in the Statement of Profit
and Loss.

Financial assets at fair value through other
comprehensive income (FVOCI)

A Financial asset is measured at FVOCI if it
meets both of the following conditions and is not
designated as FVTPL:

- The asset is held within a business model
whose objective is achieved by both
collecting contractual cash flows and selling
financial assets; and

- The contractual terms of the financial asset
give rise on specified dates to cashflow that
are solely payments of Principle and interest
on principal amount outstanding.

After initial measurement, such financial assets
are subsequently measured at fair value. Interest
income is recognized using the effective interest
(EIR) method. The impairment losses, if any, are
recognized through Statement of Profit and Loss.
The loss allowance is recognized in OCI and does
not reduce the carrying value of the financial asset.
On derecognition, gains and losses accumulated
in OCI are reclassified to the Statement of Profit
and Loss.

Financial assets at fair value through Profit and
Loss (FVTPL)

Any financial asset, which does not meet the
criteria for classification as at amortized cost or
as FVOCI, is classified to be measured at FVTPL.

Financial assets included within the FVTPL
category are measured at fair value with all
changes recognized in the Statement of Profit and
Loss.

Equity instruments at FVOCI

The Company subsequently measures all equity
investments at FVTPL, unless the Company has
elected to classify irrevocably some of its equity
investments as equity instruments at FVOCI,
when such instruments meet the definition of
Equity under Ind AS 32 Financial Instruments:
Presentation and are not held for trading. Such
classification is determined on an instrument-by¬
instrument basis.

Gains and losses on these equity instruments
are never recycled to the Statement of Profit and
Loss. Dividends are recognized in the Statement
of Profit and Loss as dividend income when the
right of the payment has been established, except
when the Company benefits from such proceeds
as a recovery of part of the cost of the instrument,
in which case, such gains are recorded in OCI.
Equity instruments at FVOCI are not subject to an
impairment assessment.

Financial liabilities

Classification, subsequent measurement,
gains and losses

Financial liabilities are classified as measured at
amortised cost or FVTPL. Financial liabilities at
FVTPL are measured at fair value and net gains
and losses, including any interest expense, are
recognized in Statement of Profit and Loss. Other
Financial liabilities are subsequently measured at
amortised cost using the effective interest method.
Interest expense and foreign exchange gains and
losses are recognized in the Statement of Profit
and Loss. Any gain or loss on derecognition is also
recognized in the Statement of Profit and Loss.

Initial recognition and measurement

All financial liabilities are recognized initially at fair
value and, in the case of payables, net of directly
attributable transaction costs.

The Company classifies all financial liabilities as
subsequently measured at amortized cost, except
for financial liabilities at FVTPL. Liabilities which
are classified at FVTPL, including derivatives that
are liabilities, shall be subsequently measured at
fair value.

Derecognition
Financial assets

The Company derecognizes a financial asset
when the contractual rights to the cash flows
from the financial asset expire, or it transfers the
rights to receive the contractual cash flows in a
transaction in which substantially all of the risks
and rewards of ownership of the financial asset
are transferred or in which the Company neither
transfers nor retains substantially all of the risks
and rewards of ownership and does not retain
control of the financial asset.

If the Company enters into transactions whereby it
transfers assets recognized on its balance sheet,
but retains either all or substantially all of the
risks and rewards of the transferred assets, the
transferred assets are not derecognized.

Financial liabilities

The Company derecognizes a financial liability
when its contractual obligations are discharged or
cancelled, or expire.

Impairment of financial instruments

The Company recognizes loss allowances
using the expected credit loss (ECL) model for
the financial assets which are not classified as
Fair Value Through Profit and Loss or Equity
investments at FVOCI. Expected credit losses are
measured at an amount equal to the 12-month
ECL, unless there has been a significant increase
in credit risk or the assets have become credit
impaired from initial recognition in which case,
those are measured at lifetime ECL. The amount of
expected credit losses (or reversal) that is required
to adjust the loss allowance at the reporting date
is recognized as an impairment gain or loss in the
Statement of Profit and Loss.

Measurement of expected credit losses

Expected credit losses are a probability-
weighted estimate of credit losses. Credit losses
are measured as the present value of all cash
shortfalls (i.e. the difference between the cash
flows due to the Company in accordance with the
contract and the cash flows which the Company
expects to receive).

Presentation of allowance for expected credit
losses in the balance sheet

Loss allowances for financial assets measured
at amortised cost are deducted from the gross
carrying amount of the assets.

Write off

The gross carrying amount of a financial asset is
written off (either partially or in full) to the extent
that there is no realistic prospect of recovery.
This is generally the case when the Company
determines that the counter party does not have
assets or sources of income that could generate
cash flows to repay the amounts. However,
financial assets that are written off could still be
subjectto enforcement activities in orderto comply
with the Company''s procedures for recovery of
amounts due.

Off-setting financial instruments

Financial assets and liabilities are offset and the
net amount is presented in the balance sheet
where there is a legally enforceable right to offset
the recognized amounts and there is an intention
to settle on a net basis or realize the asset and
settle the liability simultaneously.

3.3 (A) Property, plant and equipmenti) Recognition and measurement

Items of property, plant and equipment (PPE)
are measured at cost less accumulated
depreciation and any accumulated
impairment losses.

The cost of an item of property, plant and
equipment comprises:

a Its purchase price, including import

duties and non-refundable purchase
taxes, after deducting trade discounts
and rebates.

b Any costs directly attributable to

bringing the asset to the location and
condition necessary for it to be capable
of operating in the manner intended by
the Management.

Income and expenses related to the incidental
operations, not necessary to bring the item
to the location and condition necessary for
it to be capable of operating in the manner
intended by management, are recognized in
the Statement of Profit and Loss.

If significant parts of an item of property, plant
and equipment have different useful lives,
then they are accounted and depreciated
for as separate items (major components) of
property, plant and equipment.

Any gain or loss on disposal of an item of
property, plant and equipment is recognized
in the Statement of Profit and Loss.

ii) Subsequent expenditure

S ubsequent expenditure is capitalized only
if it is probable that the future economic
benefits associated with the expenditure will
flow to the Company.

iii) Depreciation

Depreciation on property, plant and
equipment is provided on WDV basis as per
the estimated useful life and in the manner
prescribed in Schedule II of the Companies
Act, 2013 except for certain assets.

iv) Derecognition

The cost and related accumulated
depreciation are eliminated from the
financial statements upon sale or retirement
of the asset and the resultant gains or losses
are recognized in the Statement of Profit and
Loss. Assets to be disposed off are reported
at the lower of the carrying value or the fair
value less cost to sell.

v) Capital work in progress

Projects under which property plant and
equipment are not ready for their intended
use are carried at cost less accumulated
impairment losses, comprising direct cost,
inclusive of taxes, duties, freight, and other
incidental expenses.

(B) Other Intangible Assetsi) Recognition and measurement

Intangible assets are recognized when they
are separately identifiable, under control
of the Company, and from which future
economic benefits are expected to flow to the
entity. Intangible assets including computer
software are measured at cost. Such
other intangible assets are subsequently
measured at cost less accumulated
amortization and any accumulated
impairment losses.

Subsequent expenditure is capitalized
only when it increases the future economic
benefits embodied in the specific asset to
which it relates. All other expenditure is
recognized in the Statement of Profit and
Loss as incurred.

Amortization is calculated to write off the
cost of intangible assets less their estimated
residual values over their estimated useful
lives using the straight-line method, and is
included in depreciation and amortization in
the Statement of Profit and Loss. Amortization
method, useful lives and residual values are
reviewed at the end of each financial year
and adjusted, if required.

ii) Amortization of Intangible assets

I ntangible assets are amortised on straight
line basis over a period of three years from
the date on which such asset is first utilized.

iii) Derecognition

Intangible assets are derecognized on
disposal or when no future economic
benefits are expected to arise from its
continuous use, and the resultant gains or
losses are recognized in the Statement of
Profit and Loss.

iv) Intangible Assets Under

Development

The intangible assets under development
includes cost of intangible assets that are not
ready for their intended use on the date of
balance sheet less accumulated impairment
losses, if any.

3.4 Impairment of non-financial assets

The Company''s non-financial assets, other than
deferred tax assets, are reviewed at each reporting
date to determine whether there is any indication
of impairment. If any such indication exists, then
the asset''s recoverable amount is estimated.

The recoverable amount of an asset or goodwill
is the higher of its value in use and its fair value.
Value in use is based on the estimated future cash
flows, discounted to their present value using a
pre-tax discount rate that reflects current market
assessments of the time value of money and the
risks specific to it.

An impairment loss is recognized if the carrying
amount of an asset or goodwill exceeds its
estimated recoverable amount. Impairment losses
are recognized in the Standalone Statement of
Profit and Loss.

An impairment loss in respect of goodwill is not
subsequently reversed. In respect of other assets
for which impairment loss has been recognized
in prior periods, the Company reviews at each
reporting date whether there is any indication
that the loss has decreased or no longer exists.
An impairment loss is reversed if there has been
a change in the estimates used to determine the
recoverable amount. Such a reversal is made only
to the extent that the asset''s carrying amount
does not exceed the carrying amount that would
have been determined, net of depreciation
or amortization, if no impairment loss had
been recognized.

3.5 Leases

The Company as a lessee: The Company''s leased
assets classes primarily consist of leases for office
on lease and other assets. The Company assesses
whether a contract contains a lease, at inception
of a contract. A contract is, or contains, a lease
if the contract conveys the right to control the
use of an identified asset for a period of time in
exchange for consideration. To assess whether a
contract conveys the right to control the use of an
identified asset, the Company assesses whether:
(i) the contract involves the use of an identified
asset (ii) the Company has substantially all of the
economic benefits from use of the asset through
the period of the lease and (iii) the Company
has the right to direct the use of the asset. At
the date of commencement of the lease, the
Company recognizes a right-of-use asset ("ROU")
and a corresponding lease liability for all lease
arrangements in which it is a lessee, except for
leases with a term of twelve months or less (short¬
term leases) and low value leases. For these
short-term and low value leases, the Company
recognizes the lease payments as an operating
expense on a straight-line basis over the term of
the lease.

Certain lease arrangements includes the options
to extend or terminate the lease before the end
of the lease term. ROU assets and lease liabilities
includes these options when it is reasonably
certain that they will be exercised. The right-of-
use assets are initially recognized at cost, which
comprises the initial amount of the lease liability
adjusted for any lease payments made at or prior
to the commencement date of the lease plus
any initial direct costs less any lease incentives.
They are subsequently measured at cost less
accumulated depreciation and impairment losses.
Right-of-use assets are depreciated from the
commencement date on a straight-line basis
over the shorter of the lease term and useful life
of the underlying asset. Right of use assets are
evaluated for recoverability whenever events
or changes in circumstances indicate that their
carrying amounts may not be recoverable. For the
purpose of impairment testing, the recoverable
amount (i.e. the higher of the fair value less cost
to sell and the value-in-use) is determined on an
individual asset basis unless the asset does not
generate cash flows that are largely independent
of those from other assets.

The lease liability is initially measured at the
present value of the future lease payments.
The lease payments are discounted using
the Company''s incremental borrowing rate.
After the commencement date, the amount
of lease liabilities is increased to reflect the
accretion of interest and reduced for the lease
payments made.

Lease liabilities are remeasured with a
corresponding adjustment to the related
right of use asset if the Company changes its
assessment,where it will exercise an extension or
a termination option. Lease liability and ROU asset
have been separately presented in the Balance
Sheet and lease payments have been classified as
financing cash flows.

3.6 Revenue recognition

i) Rendering of services

The Company recognizes revenue from
contracts with customers based on a five
step model as set out in Ind AS 115, Revenue
from Contracts with Customers to determine
when to recognize revenue and at what
amount.

Revenue is measured based on the
consideration specified in the contract
with a customer. Revenue from contracts
with customer is recognized when services
are provided and it is highly probable that
a significant reversal of revenue is not
expected to occur. If the consideration
promised in a contract includes a variable
amount, the Company estimates the
amount of consideration to which it will
be entitled in exchange for rendering the
promised services to a customer. The
amount of consideration can vary because
of discounts, rebates, refunds, credits,
price concessions, incentives, performance
bonuses, or other similar items. The
promised consideration can also vary if an
entitlement to the consideration is contingent
on the occurrence or non-occurrence of a
future event.

ii) Nature of Services

a) Asset Management Services

The Company has been appointed as the
investment manager to Canara Robeco

Mutual Fund. The Company receives asset
management fees from the mutual fund
which is charged as a percent of the Assets
Under Management (AUM) and is recognized
on accrual basis. The maximum amount
of management fee that can be charged is
subject to applicable SEBI regulations.

The contract includes a single performance
obligation (series of distinct services) that
is satisfied over time and the investment
management fees earned are considered as
variable consideration.

b) Advisory Services

The Company provides advisory services to
its clients wherein a separate agreement is
entered into with the client. The Company
earns advisory fee which is based on the
terms of contract and is recognized on
accrual basis.

The contracts include a single performance
obligation (series of distinct services) that
is satisfied over time and the advisory
fees earned are considered as variable
consideration.

Canara Robeco AMC provides advisory
services to Robeco HKfor the funds invested
in the Indian market.

The advisory fees is charged based on the
rates defined in the agreements entered into
between Canara Robeco Asset Management
Company and Robeco HK.

3.7 Employee benefitsi) Short-term employee benefits

Short-term employee benefit obligations are
measured on an undiscounted basis and are
expensed as the related service is provided.
A liability is recognized for the amount
expected to be paid, if the Company has a
present legal or constructive obligation to
pay this amount as a result of past service
provided by the employee, and the amount
of obligation can be estimated reliably.

ii) Share-based payment transactions

The Employee Stock Option Schemes
provides for the grant of options to acquire
equity shares of the Company to its eligible
employees. The period of vesting and

excercise period are as specified within
the scheme.The fair value at grant date of
equity settled Share based options granted
to employees is recognized as an employee
benefit expense, with a corresponding
increase in equity over the period that
employees unconditionally become entitled
to the options. The amount recognized as
expense is based on the estimate of the
number of options for which the related
service conditions are expected to be met,
such that the amount ultimately recognized
as an expense is based on the number of
options that do meet the related service
conditions at the vesting date. At the end of
each reporting period, the Company revisits
its estimate of the number of stock options
expected to vest. The Impact of the revision
of a original estimates, if any is recognized
in statement of profit and loss such that
the cumulative expenses reflect the revised
estimate, with a corresponding adjustment
to share based options outstanding account.
The dilutive effect of outstanding options is
reflected as additional share dilution in the
computation of diluted earning per share.

iii) Defined contribution plans

A defined contribution plan is a post¬
employment benefit plan under which the
Company pays fixed contributions into an
account with a separate entity and has no
legal or constructive obligation to pay further
amounts. The Company makes specified
periodic contributions to the credit of the
employees'' account with the Employees''
Provident Fund Organization. Obligations
for contributions to defined contribution
plans are recognized as an employee benefit
expense in the Statement of Profit and Loss
in the periods during which the related
services are rendered by employees.

National Pension System (NPS)

NPS is a defined contribution plan. In case
employee opts for NPS, the Company
contributes a sum not exceeding 10% of
basic salary plus dearness pay, if any, of the
eligible employees'' salary to the NPS. The
Company recognizes such contribution as
an expense as and when incurred.

iv) Defined benefit plans
Gratuity

A defined benefit plan is a post-employment
benefit plan other than a defined
contribution plan. The Company''s net
obligation in respect of the defined benefit
plan is calculated by estimating the amount
of future benefit that employees have earned
in the current and prior periods, discounting
that amount and deducting the fair value of
any plan assets.

The calculation of the defined benefit
obligation is performed periodically by a
qualified actuary using the projected unit
credit method. When the calculation results
in a potential asset for the Company, the
recognized asset is limited to the present
value of economic benefits available in the
form of any future refunds from the plan or
reductions in future contributions to the plan
(''the asset ceiling''). In order to calculate
the present value of economic benefits,
consideration is given to any minimum
funding requirements.

Remeasurement of the net defined benefit
liability, which comprise actuarial gains and
losses, the return on plan assets (excluding
interest) and the effect of the asset ceiling
(if any, excluding interest), are recognized in
Other Comprehensive Income. The Company
determines the net interest expense/income
on the net defined benefit liability/asset for
the period by applying the discount rate used
to measure the defined benefit obligation
at the beginning of the annual period to
the then-net defined benefit liability/asset,
taking into account any changes in the net
defined benefit liability/ asset during the
period as a result of contributions and benefit
payments. Net interest expense and other
expenses related to defined benefit plans
are recognized in the Statement of Profit
and Loss.

When the benefits of a plan are changed or
when a plan is curtailed, the resulting change
in benefit that relates to past service (''past
service cost'' or ''past service gain'') or the
gain or loss on curtailment is recognized
immediately in the Statement of Profit and
Loss. The Company recognizes gains and

losses on the settlement of a defined benefit
plan when the settlement occurs.

v) Other long-term employee benefits

The Company''s net obligation in respect of
long-term employee benefits other than post
employment benefits, which do not fall due
wholly within 12 months after the end of the
period in which the employees render the
related services, is the amount offuture benefit
that employees have earned in return for their
service in the current and prior periods; that
benefit is discounted to determine its present
value, and the fair value of any related assets
is deducted. The obligation is measured
on the basis of an independent actuarial
valuation using the projected unit credit
method. Remeasurement gains or losses are
recognized as profit or loss in the period in
which they arise.

vi) Short Term Compensated Absences

Compensated absences which accrue to
employees and which are expected to be paid
within twelve months immediately following
the year end are reported as expenses during
the year in which the employees performs
the services that the benefit covers and the
liabilities are reported at the undiscounted
amount of the benefit.

3.8 Scheme Expenses

New fund offer expenses, and other expenses
not chargeable to schemes, in accordance with
applicable circulars and guidelines issued by SEBI
and Association of Mutual Funds in India (AMFI),
are borne by the Company and are part of other
expenses in Statement of Profit and Loss account.

3.9 Income Tax

Income tax expense comprises current and
deferred tax. It is recognized in the Statement of
Profit and Loss except to the extent that it relates
to items recognized directly in equity or in other
comprehensive income (OCI).

Current tax

Current tax is measured at the amount expected
to be paid in respect of taxable income for the
year in accordance with the Income Tax Act,1961.
Current tax comprises the expected tax payable
or receivable on the taxable income or loss for

the year and any adjustment to the tax payable
or receivable in respect of previous years. It is
measured using tax rates enacted or substantively
enacted at the reporting date.

Current tax assets and current tax liabilities are
offset only if the Company has a legally enforceable
right to set off the recognized amounts, and it
intends to realize the asset and settle the liability
on a net basis or simultaneously.

Deferred tax

Deferred tax is recognized in respect of
temporary differences between the carrying
amounts of assets and liabilities for financial
reporting purposes and the amounts used for
taxation purposes.

Deferred tax assets are reviewed at each reporting
date and based on management''s judgment, are
reduced to the extent that it is no longer probable
that the related tax benefit will be realized; such
reductions are reversed when the probability of
future taxable profits improves.

Unrecognized deferred tax assets are reassessed
at each reporting date and recognized to the
extent that it has become probable that future
taxable profits will be available against which they
can be used.

Deferred tax is measured at the tax rates that are
expected to be applied to temporary differences
when they reverse, using tax rates enacted or
substantively enacted at the reporting date.

The measurement of deferred tax reflects the tax
consequences that would follow from the manner
in which the Company expects, at the reporting
date, to recover or settle the carrying amount of its
assets and liabilities.

Deferred tax assets and liabilities are offset only if:

a. the Company has a legally enforceable right
to set off current tax assets against current
tax liabilities; and

b. the deferred tax assets and the deferred tax
liabilities relate to income taxes levied by the
same taxation authority.

3.10 Foreign Currency transactions

Transactions in foreign currencies are translated
into functional currency at the exchange rates at
the dates of the transactions or an average rate if

the average rate approximates the actual rate at
the date of the transaction.

Monetary assets and liabilities denominated
in foreign currencies are translated into the
functional currency at the exchange rate
prevailing at the reporting date. Non-monetary
assets and liabilities that are measured at fair
value in a foreign currency are translated into the
functional currency at the exchange rate when
the fair value was determined. Non-monetary
assets and liabilities that are measured based on
historical cost in a foreign currency are translated
at the exchange rate at the date of the transaction
and are not retranslated.

All foreign exchange gains and losses are
presented in the Statement of Profit and Loss.

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Mar 31, 2025

3. Material Accounting Policy Information

3.1 Cash and Cash Equivalents

Cash and cash equivalents include cash on hand and other short-term, highly liquid investments with original maturities of three months
or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of change in value.

3.2 Financial Instruments

i) Recognition and initial measurement

All financial assets and financial liabilities which are not recognised at Fair value through Profit and Loss are initially measured at fair
value plus transaction cost that are directly attributable to its acquisition or issue.

ii) Classification and subsequent measurement
Financial assets on initial recognition

A financial asset is classified and measured at :

- Amortised Cost

- Fair Value through other Comprehensive Income (FVOCI)

- Fair Value through Profit and Loss (FVTPL)

Financial assets are not reclassified subsequent to their initial recognition, except if and in the period the company changes its business
model for managing financial assets.

Financial asset at amortized cost

A financial asset is measured at amortised cost if it meets both of the following conditions and is not recognised at FVTPL:

- The asset is held within a business model where objective is to hold assets to collect contractual cash flow; and

- The contractual terms of the financial asset give rise on specified dates to cashflow that are solely payments of Principle and interest

on principal amount outstanding using effective interest rate (EIR) method. Amortised cost is calculated by considering any discount or
premium on acquisition and fees or costs that are an integral part of the EIR and reported as part of interest income in the Statement
of Profit and Loss. The losses, if any, arising from impairment are recognized in the Statement of Profit and Loss.

Financial assets at fair value through other comprehensive income (FVOCI)

A Financial asset is measured at FVOCI if it meets both of the following conditions and is not designated as FVTPL:

- The asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial
assets; and

- The contractual terms of the financial asset give rise on specified dates to cashflow that are solely payments of Principle and interest
on principal amount outstanding.

After initial measurement, such financial assets are subsequently measured at fair value. Interest income is recognized using the effective
interest (EIR) method. The impairment losses, if any, are recognized through Statement of Profit and Loss. The loss allowance is recognized
in OCI and does not reduce the carrying value of the financial asset. On derecognition, gains and losses accumulated in OCI are reclassified
to the Statement of Profit and Loss.

Financial assets at fair value through Profit and Loss(FVTPL)

Any financial asset, which does not meet the criteria for classification as at amortized cost or as FVOCI, is classified to be measured at FVTPL.
Financial assets included within the FVTPL category are measured at fair value with all changes recognized in the Statement of Profit and
Loss.

Equity instruments at FVOCI

The Company subsequently measures all equity investments at FVTPL, unless the Company has elected to classify irrevocably some of its equity
investments as equity instruments at FVOCI, when such instruments meet the definition of Equity under Ind AS 32 Financial Instruments:
Presentation and are not held for trading. Such classification is determined on an instrument-by-instrument basis.

Gains and losses on these equity instruments are never recycled to the Statement of Profit and Loss. Dividends are recognized in the Statement
of Profit and Loss as dividend income when the right of the payment has been established, except when the Company benefits from such
proceeds as a recovery of part of the cost of the instrument, in which case, such gains are recorded in OCI. Equity instruments at FVOCI are
not subject to an impairment assessment.

Financial liabilities

Classification, subsequent measurement, gains and losses

Financial liabilities are classified as measured at amortised cost or FVTPL. Financial liabilities at FVTPL are measured at fair value and net
gains and losses, including any interest expense, are recognised in Statement of Profit and Loss. Other Financial liabilities are subsequently
measured at amortised cost using the effective interest method. Interest expense and foreign exchange gains and losses are recognised in
the Statement of Profit and Loss. Any gain or loss on derecognition is also recognised in the Statement of Profit and Loss.

Initial recognition and measurement

All financial liabilities are recognized initially at fair value and, in the case of payables, net of directly attributable transaction costs.

The Company classifies all financial liabilities as subsequently measured at amortized cost, except for financial liabilities at FVTPL. Liabilities
which are classified at FVTPL, including derivatives that are liabilities, shall be subsequently measured at fair value.

Derecognition
Financial assets

The Company derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the
rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial
asset are transferred or in which the Company neither transfers nor retains substantially all of the risks and rewards of ownership and does
not retain control of the financial asset.

If the Company enters into transactions whereby it transfers assets recognised on its balance sheet, but retains either all or substantially all
of the risks and rewards of the transferred assets, the transferred assets are not derecognised.

Financial liabilities

The Company derecognises a financial liability when its contractual obligations are discharged or cancelled, or expire.

Impairment of financial instruments

The Company recognises loss allowances using the expected credit loss (ECL) model for the financial assets which are not classified as Fair
Value Through Profit and Loss or Equity investments at FVOCI. Expected credit losses are measured at an amount equal to the 12-month
ECL, unless there has been a significant increase in credit risk or the assets have become credit impaired from initial recognition in which
case, those are measured at lifetime ECL. The amount of expected credit losses (or reversal) that is required to adjust the loss allowance at
the reporting date is recognised as an impairment gain or loss in the Statement of Profit and Loss.

Measurement of expected credit losses

Expected credit losses are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls
(i.e. the difference between the cash flows due to the Company in accordance with the contract and the cash flows which the Company
expects to receive).

Presentation of allowance for expected credit losses in the balance sheet

Loss allowances for financial assets measured at amortised cost are deducted from the gross carrying amount of the assets.

Write off

The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospect of
recovery. This is generally the case when the Company determines that the counter party does not have assets or sources of income that
could generate cash flows to repay the amounts. However, financial assets that are written off could still be subject to enforcement activities
in order to comply with the Company''s procedures for recovery of amounts due.

Off-setting financial instruments

Financial assets and liabilities are offset and the net amount is presented in the balance sheet where there is a legally enforceable right to
offset the recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously.

3.3 (A) Property, plant and equipment

i) Recognition and measurement

Items of property, plant and equipment (PPE) are measured at cost less accumulated depreciation and any accumulated
impairment losses.

The cost of an item of property, plant and equipment comprises:

a. Its purchase price, including import duties and non-refundable purchase taxes, after deducting trade discounts and rebates.

b. Any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating
in the manner intended by the Management.

Income and expenses related to the incidental operations, not necessary to bring the item to the location and condition necessary
for it to be capable of operating in the manner intended by management, are recognized in the Statement of Profit and Loss.

If significant parts of an item of property, plant and equipment have different useful lives, then they are accounted and depreciated
for as separate items (major components) of property, plant and equipment.

Any gain or loss on disposal of an item of property, plant and equipment is recognized in the Statement of Profit and Loss.

ii) Subsequent expenditure

Subsequent expenditure is capitalized only if it is probable that the future economic benefits associated with the expenditure
will flow to the Company.

iii) Depreciation

Depreciation on property, plant and equipment is provided on WDV basis as per the estimated useful life and in the manner
prescribed in Schedule II of the Companies Act, 2013 except for certain assets.

Following is the summary of useful lives of the assets as per management''s estimate and as required by the Companies Act,
2013.

iv) Derecognition

The cost and related accumulated depreciation are eliminated from the financial statements upon sale or retirement of the asset
and the resultant gains or losses are recognised in the Statement of Profit and Loss. Assets to be disposed off are reported at the
lower of the carrying value or the fair value less cost to sell.

v) Capital work in progress

Projects under which property plant and equipment are not ready for their intended use are carried at cost less accumulated
impairment losses, comprising direct cost, inclusive of taxes, duties, freight, and other incidental expenses.

(B) Other Intangible Assets

i) Recognition and measurement

Intangible assets are recognized when they are separately identifiable, under control of the Company, and from which future
economic benefits are expected to flow to the entity. Intangible assets including computer software are measured at cost. Such
other intangible assets are subsequently measured at cost less accumulated amortisation and any accumulated impairment
losses.

Subsequent expenditure is capitalised only when it increases the future economic benefits embodied in the specific asset to
which it relates. All other expenditure is recognized in the Statement of Profit and Loss as incurred.

Amortization is calculated to write off the cost of intangible assets less their estimated residual values over their estimated
useful lives using the straight-line method, and is included in depreciation and amortization in the Statement of Profit and Loss.
Amortization method, useful lives and residual values are reviewed at the end of each financial year and adjusted, if required

ii) Amortisation of Intangible assets

Intangible assets are amortised on straight line basis over a period of three years from the date on which such asset is first utilized.

iii) Derecognition

Intangible assets are derecognized on disposal or when no future economic benefits are expected to arise from its continuous
use, and the resultant gains or losses are recognized in the Statement of Profit and Loss.

iv) Intangible Assets Under Development

The intangible assets under development includes cost of intangible assets that are not ready for their intended use on the date
of balance sheet less accumulated impairment losses, if any.

3.4 Impairment of non-financial assets

The Company''s non-financial assets, other than deferred tax assets, are reviewed at each reporting date to determine whether there is any
indication of impairment. If any such indication exists, then the asset''s recoverable amount is estimated.

The recoverable amount of an asset or goodwill is the higher of its value in use and its fair value. Value in use is based on the estimated
future cash flows, discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value
of money and the risks specific to it.

An impairment loss is recognised if the carrying amount of an asset or goodwill exceeds its estimated recoverable amount. Impairment
losses are recognised in the Standalone Statement of Profit and Loss.

An impairment loss in respect of goodwill is not subsequently reversed. In respect of other assets for which impairment loss has been
recognised in prior periods, the Company reviews at each reporting date whether there is any indication that the loss has decreased or no
longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. Such a
reversal is made only to the extent that the asset''s carrying amount does not exceed the carrying amount that would have been determined,
net of depreciation or amortisation, if no impairment loss had been recognised.

3.5 Leases

The Company as a lessee: The Company''s leased assets classes primarily consist of leases for office on lease and other assets. The Company
assesses whether a contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right
to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to
control the use of an identified asset, the Company assesses whether: (i) the contract involves the use of an identified asset (ii) the Company
has substantially all of the economic benefits from use of the asset through the period of the lease and (iii) the Company has the right to direct
the use of the asset. At the date of commencement of the lease, the Company recognizes a right-of-use asset ("ROU") and a corresponding
lease liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases)
and low value leases. For these short-term and low value leases, the Company recognizes the lease payments as an operating expense on
a straight-line basis over the term of the lease.

Certain lease arrangements includes the options to extend or terminate the lease before the end of the lease term. ROU assets and lease
liabilities includes these options when it is reasonably certain that they will be exercised. The right-of-use assets are initially recognized at
cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or prior to the commencement date
of the lease plus any initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated depreciation and
impairment losses. Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease
term and useful life of the underlying asset. Right of use assets are evaluated for recoverability whenever events or changes in circumstances
indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher
of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash
flows that are largely independent of those from other assets.

The lease liability is initially measured at the present value of the future lease payments. The lease payments are discounted using the
company''s incremental borrowing rate. After the commencement date, the amount of lease liabilities is increased to reflect the accretion
of interest and reduced for the lease payments made.

Lease liabilities are remeasured with a corresponding adjustment to the related right of use asset if the Company changes its assessment,where
it will exercise an extension or a termination option. Lease liability and ROU asset have been separately presented in the Balance Sheet and
lease payments have been classified as financing cash flows.

3.6 Revenue recognition

i) Rendering of services

The Company recognizes revenue from contracts with customers based on a five step model as set out in Ind AS 115, Revenue from
Contracts with Customers to determine when to recognize revenue and at what amount.

Revenue is measured based on the consideration specified in the contract with a customer. Revenue from contracts with customer is
recognized when services are provided and it is highly probable that a significant reversal of revenue is not expected to occur. If the
consideration promised in a contract includes a variable amount, the Company estimates the amount of consideration to which it will
be entitled in exchange for rendering the promised services to a customer. The amount of consideration can vary because of discounts,
rebates, refunds, credits, price concessions, incentives, performance bonuses, or other similar items. The promised consideration can
also vary if an entitlement to the consideration is contingent on the occurrence or non-occurrence of a future event.

ii) Nature of Services

a) Asset Management Services

The Company has been appointed as the investment manager to Canara Robeco Mutual Fund. The Company receives investment
management fees from the mutual fund which is charged as a percent of the Assets Under Management (AUM) and is recognised
on accrual basis. The maximum amount of management fee that can be charged is subject to applicable SEBI regulations.

The contract includes a single performance obligation (series of distinct services) that is satisfied over time and the investment
management fees earned are considered as variable consideration.

b) Advisory Services

The Company provides advisory services to its clients wherein a separate agreement is entered into with the client. The Company
earns advisory fee which is based on the terms of contract and is recognised on accrual basis.

The contracts include a single performance obligation (series of distinct services) that is satisfied over time and the advisory fees
earned are considered as variable consideration.

Canara Robeco AMC provides advisory services to Robeco HK for the funds invested in the Indian market.

The advisory fees is charged based on the rates defined in the agreements entered into between Canara Robeco Asset Management
Company and Robeco HK.

3.7 Employee benefits

i) Short-term employee benefits

Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as the related service is provided.
A liability is recognised for the amount expected to be paid, if the Company has a present legal or constructive obligation to pay this
amount as a result of past service provided by the employee, and the amount of obligation can be estimated reliably.

ii) Defined contribution plans

A defined contribution plan is a post-employment benefit plan under which the Company pays fixed contributions into an account
with a separate entity and has no legal or constructive obligation to pay further amounts. The Company makes specified periodic
contributions to the credit of the employees'' account with the Employees'' Provident Fund Organisation. Obligations for contributions
to defined contribution plans are recognised as an employee benefit expense in the Statement of Profit and Loss in the periods during
which the related services are rendered by employees.

National Pension System (NPS)

NPS is a defined contribution plan. In case employee opts for NPS, the Company contributes a sum not exceeding 10% of basic salary
plus dearness pay, if any, of the eligible employees'' salary to the NPS. The Company recognises such contribution as an expense as
and when incurred.

iii) Defined benefit plans
Gratuity

A defined benefit plan is a post-employment benefit plan other than a defined contribution plan. The Company''s net obligation in
respect of the defined benefit plan is calculated by estimating the amount of future benefit that employees have earned in the current
and prior periods, discounting that amount and deducting the fair value of any plan assets.

The calculation of the defined benefit obligation is performed periodically by a qualified actuary using the projected unit credit method.
When the calculation results in a potential asset for the Company, the recognised asset is limited to the present value of economic
benefits available in the form of any future refunds from the plan or reductions in future contributions to the plan (''the asset ceiling'').
In order to calculate the present value of economic benefits, consideration is given to any minimum funding requirements.
Remeasurement of the net defined benefit liability, which comprise actuarial gains and losses, the return on plan assets (excluding
interest) and the effect of the asset ceiling (if any, excluding interest), are recognised in Other Comprehensive Income. The Company
determines the net interest expense/income on the net defined benefit liability/asset for the period by applying the discount rate used
to measure the defined benefit obligation at the beginning of the annual period to the then-net defined benefit liability/asset, taking
into account any changes in the net defined benefit liability/ asset during the period as a result of contributions and benefit payments.
Net interest expense and other expenses related to defined benefit plans are recognised in the Statement of Profit and Loss.

When the benefits of a plan are changed or when a plan is curtailed, the resulting change in benefit that relates to past service (''past
service cost'' or ''past service gain'') or the gain or loss on curtailment is recognised immediately in the Statement of Profit and Loss.
The Company recognises gains and losses on the settlement of a defined benefit plan when the settlement occurs.

iv) Other long-term employee benefits

The Company''s net obligation in respect of long-term employee benefits other than post employment benefits, which do not fall due
wholly within 12 months after the end of the period in which the employees render the related services, is the amount of future benefit
that employees have earned in return for their service in the current and prior periods; that benefit is discounted to determine its
present value, and the fair value of any related assets is deducted. The obligation is measured on the basis of an independent actuarial
valuation using the projected unit credit method. Remeasurement gains or losses are recognised as profit or loss in the period in which
they arise.

v) Short Term Compensated Absences

Compensated absences which accrue to employees and which are expected to be paid within twelve months immediately following
the year end are reported as expenses during the year in which the employees performs the services that the benefit covers and the
liabilities are reported at the undiscounted amount of the benefit.

3.8 Scheme Expenses

New fund offer expenses, and other expenses not chargeable to schemes, in accordance with applicable circulars and guidelines issued by
SEBI and Association of Mutual Funds in India (AMFI), are borne by the Company and are part of other expenses in Statement of Profit and
Loss account.

3.9 Income Tax

Income tax expense comprises current and deferred tax. It is recognized in the Statement of Profit and Loss except to the extent that it relates
to items recognized directly in equity or in other comprehensive income (OCI).

Current tax

Current tax is measured at the amount expected to be paid in respect of taxable income for the year in accordance with the Income Tax
Act,1961. Current tax comprises the expected tax payable or receivable on the taxable income or loss for the year and any adjustment to the
tax payable or receivable in respect of previous years. It is measured using tax rates enacted or substantively enacted at the reporting date.

Current tax assets and current tax liabilities are offset only if the Company has a legally enforceable right to set off the recognized amounts,
and it intends to realize the asset and settle the liability on a net basis or simultaneously.

Deferred tax

Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting
purposes and the amounts used for taxation purposes.

Deferred tax assets are reviewed at each reporting date and based on management''s judgment, are reduced to the extent that it is no
longer probable that the related tax benefit will be realized; such reductions are reversed when the probability of future taxable profits
improves.

Unrecognized deferred tax assets are reassessed at each reporting date and recognized to the extent that it has become probable that future
taxable profits will be available against which they can be used.

Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, using tax rates enacted
or substantively enacted at the reporting date.

The measurement of deferred tax reflects the tax consequences that would follow from the manner in which the Company expects, at the
reporting date, to recover or settle the carrying amount of its assets and liabilities.

Deferred tax assets and liabilities are offset only if:

a. the Company has a legally enforceable right to set off current tax assets against current tax liabilities; and

b. the deferred tax assets and the deferred tax liabilities relate to income taxes levied by the same taxation authority.

3.10 Foreign Currency transactions

Transactions in foreign currencies are translated into functional currency at the exchange rates at the dates of the transactions or an average
rate if the average rate approximates the actual rate at the date of the transaction.

Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rate prevailing
at the reporting date. Non-monetary assets and liabilities that are measured at fair value in a foreign currency are translated into the
functional currency at the exchange rate when the fair value was determined. Non-monetary assets and liabilities that are measured based
on historical cost in a foreign currency are translated at the exchange rate at the date of the transaction and are not retranslated.

All foreign exchange gains and losses are presented in the Statement of Profit and Loss.