Gujarat Kidney and Super Speciality Ltd. ಖಾತೆಯ ಉಪಯುಕ್ತ ಮಾಹಿತಿ

3.13 Provisions

A provision is recognised when the Company has a present obligation (legal or constructive) as a result of past
event, 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 such obligation. Provisions are determined
based on the best estimate required to settle the obligation at the reporting date. These estimates are
reviewed at each reporting date and adjusted to reflect the current best estimates.

When some or all of the economic benefits required to settle a provision are expected to be recovered from a
third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received
and the amount of the receivable can be measured reliably. The expense relating to any provision is
presented in the statement of profit and loss net of any reimbursement.

3.14 Contingent liabilities

A contingent liability is a possible obligation that arises from past events and whose existence 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 but is not recognised
because it is not probable that an outflow of resources embodying economic benefits will be required to
settle the obligation or the amount of the obligation cannot be measured with sufficient reliability. The
Company does not recognise a contingent liability but discloses it in the financial statements, unless the
possibility of an outflow of resources embodying economic benefits is remote.

3.15 Foreign currency translation

The financial statements of Company are presented in Indian Rupees, which is also the functional currency. In
preparing the financial statements, transactions in currencies other than the entity''s functional currency are
recognised at the rates of exchange prevailing at the dates of the transactions. At the end of each reporting
period, monetary items denominated in foreign currencies are translated at the rates prevailing at that date.
Non-monetary items denominated in foreign currency are reported at the exchange rate ruling on the date of
transaction.

Exchange differences on monetary items are recognised in the statement of profit and loss in the period in
which they arise except for exchange differences on foreign currency borrowings relating to assets under
construction for future productive use, which are included in the cost of those assets when they are regarded
as an adjustment to interest costs on those foreign currency borrowings.

3.16 Segment Reporting

In accordance with Ind AS 108, Segment Reporting, the Chief Executive Officer and Managing Director is the
Company''s Chief Operating Decision Maker ("CODM"). The Company''s business activity primarily falls within
a single reportable business segment and geographical segment namely ''Medical and Healthcare Services''
and ''India'' respectively. Hence, there are no additional disclosures to be provided under Ind-AS 108 -
Segment information with respect to the single reportable segment, other than those already provided in
financial statements.

3.17 Current and Non-current Classification:

The Company presents assets and liabilities in the Balance Sheet based on current/ non-current classification.

a) An asset is current when it is:

• Expected to be realised or intended to be sold or consumed in the normal operating cycle,

• Held primarily for the purpose of trading,

• Expected to be realised within twelve months after the reporting period, or

• Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least
twelve months after the reporting period.

All other assets are classified as non-current.

b) A liability is current when:

• It is expected to be settled in the normal operating cycle,

• It is held primarily for the purpose of trading,

• It is due to be settled within twelve months after the reporting period, or

• There is no unconditional right to defer the settlement of the liability for at least twelve months after the
reporting period.

All other liabilities are classified as non-current.

c) The Operating Cycle and Classification of Current and Non-Current Assets and Liabilities

The operating cycle is the time between the acquisition of assets for processing and their realisation in cash
and cash equivalents. The Company has evaluated and considered its operating cycle as one year and
accordingly has reclassified its assets and liabilities into current and non-current.

3.18 Dividend

Dividend A final dividend, including tax thereon, on equity shares is recorded as a liability on the date of
approval by the shareholders. An interim dividend, including tax thereon, is recorded as a liability on the date
of declaration by the board of directors.

3.19 Financial instruments

A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or
equity instrument of another entity. The Company recognises a financial asset or financial liability in its
balance sheet only when the entity becomes party to the contractual provisions of the instrument.

a) Financial assets:

A financial asset inter-alia includes any asset that is cash, equity instrument of another entity or contractual
obligation to receive cash or another financial asset or to exchange financial asset or financial liability under
condition that are potentially favourable to the Company.

Initial recognition and measurement

Financial assets are initially measured at fair value except for trade receivables which are initially measured at
transaction price. Transaction costs that are directly attributable to the acquisition or issue of financial assets
(other than financial assets at fair value through profit or loss) are added to or deducted from the fair value of
the financial assets, as appropriate, on initial recognition. Transaction costs directly attributable to the
acquisition of financial assets at fair value through profit or loss are recognised immediately in statement
profit or loss.

Subsequent measurement

For purposes of subsequent measurement financial assets are classified in three categories:

i) Financial assets measured at amortised cost

ii) Financial assets at fair value through OCI

iii) Financial assets at fair value through Statement of Profit and Loss
Measured at amortized cost:

Financial assets that are held within a business model whose objective is to hold financial assets in order to
collect contractual cash flows that are solely payments of principal and interest, are subsequently measured
at amortized cost using the effective interest rate (''EIR'') method less impairment, if any, the amortization of
EIR and loss arising from impairment, if any is recognized in the Statement of Profit and Loss.

Derecognition:

The Company derecognises a financial asset only when the contractual rights to the cash flows from the asset
expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership of the
asset to another entity.

Impairment:

In accordance with Ind AS 109, the Company applies expected credit losses ("ECL") model for measurement
and recognition of impairment loss on the following financial asset and credit risk exposure.

i) Financial assets measured at amortised cost

ii) Financial assets measured at fair value through other comprehensive income (FVTOCI);

The Company follows "simplified approach" for recognition of impairment loss allowance on trade
receivables. Under the simplified approach, the Company does not track changes in credit risk. Rather, it
recognises impairment loss allowance based on lifetime ECLs at the time of initial revenue recognition. The
Company uses a provision matrix to determine impairment loss allowance on the portfolio of trade
receivables. The provision matrix is based on the historically observed default rates over the expected life of
various categories of trade receivables and these are updated and changed based on forward looking
estimates at every reporting date.

For recognition of impairment loss on other financial assets and risk exposure, the Company determines
whether there has been a significant increase in the credit risk since initial recognition. If credit risk has not
increased significantly, 12-month ECL is used to provide for impairment loss. However, if credit risk has
increased significantly, lifetime ECL is used. If, in subsequent period, credit quality of the instrument improves
such that there is no longer a significant increase in credit risk since initial recognition, then the Company
reverts to recognizing impairment loss allowance based on 12 months ECL.

b) Financial liabilities

Financial liabilities include loans and borrowings including book overdraft, trade payable, accrued expenses
and other payables.

Initial recognition and measurement

All financial liabilities at initial recognition are classified as financial liabilities at amortised cost or financial
liabilities at fair value through profit or loss, as appropriate. All financial liabilities are recognised initially at
fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs.

Subsequent measurement

The subsequent measurement of financial liabilities depends upon the classification as described below:
Financial liabilities classified as amortised cost: -

Financial liabilities that are not held for trading and are not designated as at FVTPL are measured at
amortised cost at the end of subsequent accounting periods. Amortised cost is calculated by taking into
account any discount or premium on acquisition and fees or costs that are an integral part of the Effective
Interest Rate. Interest expense that is not capitalised as part of costs of assets is included as finance costs in
the Statement of Profit and Loss.

Financial liabilities at fair value through profit and loss (FVTPL): -

FVTPL includes financial liabilities held for trading and financial liabilities designated upon initial recognition
as FVTPL. Financial liabilities are classified as held for trading if they are incurred for the purpose of
repurchasing in the near term. Financial liabilities have not been designated upon initial recognition at FVTPL.

De-recognition.

A financial liability is derecognised when the obligation under the liability is discharged / cancelled / expired.
When an existing financial liability is replaced by another from the same lender on substantially different
terms, or the terms of an existing liability are substantially modified, such an exchange or modification is
treated as the derecognition of the original liability and the recognition of a new liability. The difference in
the respective carrying amounts is recognised in the Statement of Profit and Loss.

Offsetting 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.

3.20 Leases

a) Company as a lessee:

The company recognises a right-of-use asset and a lease liability at the lease commencement date. The right-
of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for
any lease payments made at or before the commencement date, plus any initial direct costs incurred and an
estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site
on which it is located, less any lease incentives received.

The right-of-use asset is subsequently depreciated using the straight-line method from the commencement
date to the earlier of the end of the useful life of the right-of-use asset or the end of the lease term. The
estimated useful lives of right-of-use assets are determined on the same basis as those of property and
equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and
adjusted for certain re-measurements of the lease liability.

The lease liability is initially measured at the present value of the lease payments that are not paid at the
commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily
determined, company''s incremental borrowing rate. Generally, the company uses its incremental borrowing
rate as the discount rate.

Lease payments included in the measurement of the lease liability comprise the following:

- Fixed payments, including in-substance fixed payments;

- Variable lease payments that depend on an index or a rate, initially measured using the index or rate as at
the commencement date;

- Amounts expected to be payable under a residual value guarantee; and

- The exercise price under a purchase option that the company is reasonably certain to exercise, lease
payments in an optional renewal period if the company is reasonably certain to exercise an extension option,
and penalties for early termination of a lease unless the company is reasonably certain not to terminate early.

The lease liability is measured at amortised cost using the effective interest method. It is remeasured when
there is a change in future lease payments arising from a change in an index or rate, if there is a change in the
company''s estimate of the amount expected to be payable under a residual value guarantee, or if company
changes its assessment of whether it will exercise a purchase, extension or termination option.

When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying
amount of the right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use
asset has been reduced to zero.

b) Short-term leases and leases of low-value assets Company as a lessee:

The company has elected not to recognise right-of-use assets and lease liabilities for short term leases of real
estate properties that have a lease term of 12 months. The company recognises the lease payments
associated with these leases as an expense on a straight-line basis over the lease term.

c) Company as a lessor:

Lease income from operating leases where the Company is a lessor is recognised in income on a straight-line
basis over the lease term unless the receipts are structured to increase in line with expected general inflation
to compensate for the expected inflationary cost increases. The respective leased assets are included in the
balance sheet based on their nature.

Leases are classified as finance leases when substantially all of the risks and rewards of ownership transfer
from the company to the lessee. Amounts due from lessees under finance leases are recorded as receivables.
Finance lease income is allocated to accounting periods to reflect a constant periodic rate of return on the net
investment outstanding in respect of the lease.

3.21 Fair Value Measurement:

The Company measures financial instruments of certain investments at fair value, at each balance sheet date.

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants at the measurement date. The fair value measurement is based on
the presumption that the transaction to sell the asset or transfer the liability takes place either:

- In the principal market for the asset or liability, or

- In the absence of a principal market, in the most advantageous market for the asset or liability. The
principal or the most advantageous market must be accessible by the Company.

The fair value of an asset or a liability is measured using the assumptions that market participants would use
when pricing the asset or liability, assuming that market participants act in their economic best interest.

A fair value measurement of a non-financial asset takes into account a market participant''s ability to generate
economic benefits by using the asset in its highest and best use or by selling it to another market participant
that would use the asset in its highest and best use.

The Company uses valuation techniques that are appropriate in the circumstances and for which sufficient
data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the
use of unobservable inputs.

All assets and liabilities for which fair value is measured or disclosed in the financial statements are
categorised within the fair value hierarchy, described as follows, based on the lowest level input that is
significant to the fair value measurement as a whole:

Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or liabilities

Level 2 — Valuation techniques for which the lowest level input that is significant to the fair value
measurement is directly or indirectly observable.

Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value
measurement is unobservable.

For assets and liabilities that are recognised in the balance sheet on a recurring basis, the Company
determines whether transfers have occurred between levels in the hierarchy by re-assessing categorisation
(based on the lowest level input that is significant to the fair value measurement as a whole) at the end of
each reporting period.

For the purpose of fair value disclosures, the Company has determined classes of assets and liabilities on the
basis of the nature, characteristics and risks of the asset or liability and the level of the fair value hierarchy as
explained above.

3.22 Functional and presentation currency

Items included in the Ind AS Financial Statements of the Company is measured using the currency of the
primary economic environment in which the Company operates (i.e., the functional currency"). The IndAS
Financial Statements is presented in Indian Rupee, which is the functional as well as presentation currrency of
the Company.

All amounts in these IndAS Financial Statements and notes have been presented in INR Lakhs rounded to two
decimals as per the requirements of Schedule III of the Companies Act, 2013, unless otherwise stated.
Transactions and balances with values below the rounding off norm adopted by the Company have been
reflected as "0" in the relevant notes to this IndAS Financial Statements.

3.23 Security Deposite

Under Ind AS 109 - Financial Instruments, a refundable security deposit is considered a financial instrument,
and if the deposit is expected to be refunded at a future date, it must be initially recognized at its present
value.

• Present Value Calculation:

The deposit is discounted using a rate that reflects the time value of money. If the deposit is refunded after
several years, this could result in a significant difference between the nominal value of the deposit and its
present value. The discount rate used is typically the market rate for similar instruments, which reflects the
credit risk and the time value of money.

• Initial Recognition at Present Value:

At the inception of the agreement, the refundable deposit is recognized at its present value. The difference
between the nominal amount and the present value is typically recognized as interest income over time
(using the effective interest rate method) in the profit and loss account.

3.24 Investment in Subsidiary

Investments in subsidiaries are carried at cost in accordance with Ind AS 27. Dividends received from the
subsidiary are recognized in profit or loss.

4 Significant accounting judgements, estimates and assumptions

The preparation of the Company''s Financial Statements requires management to make judgements,
estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities, and
the accompanying disclosures, and the disclosure of contingent liabilities. Uncertainty about these
assumptions and estimates could result in outcomes that require a material adjustment to the carrying
amount of assets or liabilities affected in future periods.

4.1 Use of Estimates

The preparation of Financial Statements in conformity with Ind AS requires the management to make
judgments, estimates and assumptions that affect the reported amounts of revenues, expenses, assets and
liabilities and the accompanying disclosures, and the disclosure of contingent liabilities. Uncertainty about
these assumptions and estimates could result in outcomes that require a adjustment to the carrying amount
of the asset or liability affected in future periods.

The key judgment, estimates and assumptions concerning the future and other key sources of estimation
uncertainty at the reporting date, which have a significant risk of causing a material adjustment to the
carrying amounts of assets and liabilities within the next year, are described below. The Company based its
judgments and assumptions and estimates on parameters available when the financial statements were
prepared. Existing circumstances and assumptions about future developments, however, may change due to
market changes or circumstances arising that are beyond the control of the Company. Such changes are
reflected in the assumptions when they occur.

4.2 Key Judgements

Significant accounting judgements, estimates and assumptions used by management are as below:

i) Revenue from Operations

Revenue primarily comprises fees charged for inpatient and outpatient hospital services. Services include
charges for accommodation, medical professional services, equipment, radiology, laboratory and
pharmaceutical goods used in treatments given to patients. Revenue from hospital services are recognised as
and when services are performed, unless significant future uncertainties exist. The Company assess the
distinct performance obligation in the contract and measures to at an amount that reflects the consideration
it expects to receive net of tax collected and remitted to Government and adjusted for discounts and
concession. The Company based on contractual terms and past experience determines the performance
obligation satisfaction over time.

ii) Defined Benefit schemes

The cost of the defined benefit plan and the present value of the defined benefit 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 and mortality rates. 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 each reporting date.

The parameter most subject to change is the discount rate. In determining the appropriate discount rate for
plans operated in India, the management considers the interest rates of government bonds. The mortality
rate is based on publicly available mortality tables. Those mortality tables tend to change only at interval in
response to demographic changes. Future salary increases are based on expected future inflation rates and
expected salary increase thereon.

iii) Useful lives of property, plant and equipment

The useful life and residual value of property, plant and equipment and intangible assets are determined
based on evaluation made by the management of the expected usage of the asset, the physical wear and tear
and technical or commercial obsolescence of the asset. Due to the judgments involved in such estimates the
useful life and residual value are sensitive to the actual usage in future period.

iv) Assessment of claims and litigations disclosed as contingent liabilities

There are certain claims and litigations which have been assessed as contingent liabilities by the management
and which may have an effect on the operations of the Company. The management has assessed that no
further provision / adjustment is required to be made in the financial statements for the above matters, other
than what has been already recorded, as they expect a favourable decision based on their assessment and
the advice given by the external legal counsels / professional advisors.

v) Deferred Tax

Deferred income tax reflects the current period timing differences between taxable income and accounting
income for the period and reversal of timing differences of earlier periods. Deferred tax assets & liabilities are
measured using the tax rates and tax law that have been enacted by the Income-tax Act as at the balance
sheet date. Provision for Deferred Tax Liability is made to take care of timing difference in tax treatment of
various expenses but mainly of depreciation.

5 New and amended standards

The Ministry of Corporate Affairs ("MCA") has notified certain amendments to the Indian Accounting
Standards ("Ind AS") that are effective for annual periods beginning on or after 1 April 2025. These
amendments primarily relate to the presentation and classification of liabilities, supplier finance
arrangements, income tax disclosures, foreign currency exchangeability, and certain transition provisions for
first-time adopters. The Company has assessed the impact of these amendments and concluded that they do
not have a material impact on the recognition and measurement of assets, liabilities, income and expenses in
the standalone and consolidated financial statements, except for additional disclosures, wherever applicable.

The MCA and other regulatory authorities have also issued or proposed certain new standards and
amendments that are not yet effective, including Ind AS 118 - Presentation and Disclosure in Financial
Statements and consequential amendments to other Ind AS. These changes are expected to enhance and
modify certain presentation and disclosure requirements in the financial statements. Additionally,
amendments to financial instruments and other standards are under consideration for alignment with recent
international developments. The Company is currently evaluating the impact of these pronouncements and
does not expect any material impact on the recognition and measurement of assets and liabilities; however,
they may result in additional presentation and disclosure requirements upon becoming effective.

Note:

1) The Company allotted 5,50,71,500 /- equity shares as fully paid up bonus shares by capitalisation of Retained Earnings & Security Premium during
the year ended March 31, 2025.

2) During the year, the Company completed its Initial Public Offering ("IPO") of equity shares pursuant to the Securities and Exchange Board of India
(Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended ("SEBI ICDR Regulations"). Pursuant to the IPO, the Company has
received applications for issue of 2,20,00,000 (Two Crore Twenty Lakh) equity shares of Rs. 2/- each to the applicants and Out of the aforesaid total
shares, allotted 2,19,99,616 equity shares of face value of ^2 each, at an issue price of ^114 per share (comprising face value of ^2 per share and
securities premium of ^112 per share), to the public, aggregating to ^250,79,56,224 (Rupees Two Hundred Fifty Crore Seventy-Nine Lakh Fifty-Six
Thousand Two Hundred Twenty-Four only).

The balance 384 equity shares could not be allotted during the financial year 2025-26, as the subscription amount in respect of these shares was not
received in the Company''s IPO account due to blocked UPI mandates of the concerned applicants. The said UPI mandates were subsequently
released in April 2026, and the allotment of the remaining 384 equity shares was accordingly completed in April 2026, i.e., during the financial year
2026-27.

Rights, preferences and restrictions attached to shares

Equity Shares: The Company has one class of equity shares. Each shareholder is eligible for one vote per share held. The dividend proposed by the
Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting, except in case of interim dividend. In the
event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all preferential
amounts, in proportion to their shareholding.

Nature of Reserve & Surplus
Retained Earnings

Retained earnings are the profits that the Company has earned till date, less any transfer to general reserves & dividend.

Securities premium

This reserve represents the amount received in excess of the face value of equity shares and is utilized in accordance with the provisions of the
Companies Act, 2013. It is not available for distribution as dividends.

Capital Reserve

Capital Reserve represents reserves created out of capital profits or capital transactions, which are not available for distribution as dividend to the
shareholders of the Company.

Other items of OCI

This reserve comprises unrealized gains or losses recognized in other comprehensive income, including fair value adjustments . These amounts are
not reclassified to profit or loss.

Capital Reserve on Acquisition of NCI

This reserve represents the difference between the consideration paid for acquiring the balance 49% stake in Harmony Medicare Pvt Ltd and the
carrying amount of the non-controlling interest derecognised on that date. As this acquisition did not result in a change in control, it has been
accounted for as an equity transaction under Ind AS 110, with the resulting difference recognised directly in equity as Capital Reserve, distinct from
any Capital Reserve arising on business combinations under Ind AS 103.

General Description of the Plan

The Entity operates gratuity plan through a trust wherein every employee is entitled to the benefit equivalent to fifteen days salary last
drawn for each completed year of service. The same is payable on termination of service or retirement, whichever is earlier. The benefit
vests after five years of continuous service. In case of some employees, the Entity''s scheme is more favourable as compared to the
obligation under Payment of Gratuity Act, 1972.

48 Financial Instrument

Financial Risk Management - Objectives and Policies

The Company''s activities expose it to various financial risks, including market risk, credit risk and liquidity risk. The Company''s risk
management assessment and policies and processes are established to identify and analyse the risks faced by the Company by setting
appropriate limits and controls and monitoring such risks. The policies and processes are reviewed regularly to reflect changes in market
conditions and the Company''s activities.

The Company''s risk management is governed by policies and approved by the board of directors. Company''s identifies, evaluates and hedges
financial risks in close co-operation with the Company''s operating units. The company has policies for overall risk management, as well as
policies covering specific areas, such as foreign exchange risk, interest rate risk, credit risk, use of derivative financial instruments and non¬
derivative financial instruments.

The audit committee oversees how management monitors compliance with the company''s risk management policies and procedures, and
reviews the adequacy of the risk management framework in relation to the risks faced by the Company.

B. 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 risks: interest rate risk, currency risk and other price risk.

Financial instruments affected by market risk includes investments, trade payables, trade receivables and loans.

C. Credit Risk

Credit risk - is the risk of loss that may arise on outstanding financial instruments if a counterparty default on its obligations. The Company''s
exposure to credit risk arises majorly from trade receivables and other financial assets. Other financial assets are bank deposits with banks
and hence, the Company does not expect any credit risk with respect to these financial assets.

With respect to other financial assets, the Company has constituted teams to review the receivables on periodic basis and to take necessary
mitigations, wherever required. The Company creates allowance for all unsecured receivables based on lifetime expected credit loss. At the
balance sheet date, there was no significant concentration of credit risk and exposure thereon.

D. Liquidity Risk

Liquidity risk - is the risk that the Company will not be able to meet the financial obligations as they become due. The Company manages its
liquidity risk by ensuring, as far as possible, that it will have sufficient liquidity to meet its liabilities when due, under both, normal and
stressed conditions, without incurring unacceptable losses or risk to the Company''s reputation.

With significant investments in fixed deposits, cash in hand and available borrowing lines, the Company does not envisage any material
effect on its liquidity.

E. Capital Management

For the purpose of the Company''s Capital Management, capital includes issued capital and other equity reserves, long term funds
attributable to the Equity Shareholders of the Company. The primary objective of the Company''s Capital Management is to maximise
shareholders value and keep the debt equity ratio within acceptable range. The Company manages its capital structure and makes
adjustments in the light of changes in economic environment and the requirements of the financial covenants. The Company monitors
capital using adjusted net debt to equity ratio. For this purpose, adjusted net debt is defined as total debt less cash and bank balances.

53 Other Statutory Disclosures as per the Companies Act, 2013

There are no properties / assets which are not held or registered in the name of the Company (benami property), other than those disclosed
⁾ in this financial information.

Transactions and balances with companies which have been removed from register of Companies [struck off companies] as at the above
reporting periods is Nil.

(iii) The Company has not traded / invested in Crypto currency.

(iv) The Company does not have any charges or satisfaction which is yet to be registered with Registrar of Companies beyond the statutory

The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (Intermediaries)

with the understanding that the Intermediary shall:

^(v) 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 provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

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:

(_vi) i. directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party
(Ultimate Beneficiaries) or

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

The Company has no such transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income

(vii) 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).

The Company has not granted any loans or advances in the nature of loans to promoters, directors, KMPs and the related parties (as defined

^(viii) under Companies Act, 2013), either severally or jointly with any other person.

(ix) The Company is not a declared wilful defaulter by any bank or financial Institution or other lender.