3.12 Provisions and contingent liabilities

A provision is recognized if, as a result of a past event, the Company has a
present obligation that can be estimated reliably, and it is probable that

an outflow of economic benefits will be required to settle the obligation.
Provisions are recognized at the best estimate of the expenditure required

to settle the present obligation at the balance sheet date. If the effect of the
time value of money is material, provisions are discounted.

A contingent liability exists when there is a possible but not probable

obligation, or a present obligation that may, but probably will not, require
an outflow of resources, or a present obligation whose amount cannot be
estimated reliably. Contingent liabilities do not warrant provisions, but are
disclosed unless the possibility of outflow of resources is remote. Contingent
assets are neither recognized nor disclosed in the financial statements.
However, contingent assets are assessed continually and if it is virtually
certain that an inflow of economic benefits will arise, the asset and related
income are recognized in the period in which the change occurs.

3.13 income Tax

Tax expense comprises current and deferred tax. Current income-tax is

measured at the amount expected to be paid to the tax authorities in
accordance with the Income-tax Act, 1961 enacted in India and tax laws
prevailing in the respective tax jurisdictions where the Company operates.

The tax rates and tax laws used to compute the amount are those that are
enacted or substantively enacted, at the reporting date.

(i) Current Tax

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 there is a legally enforceable right
to set off the recognized amounts, and it is intended to realize the asset and
settle the liability on a net basis or simultaneously.

(ii) Deferred Tax

Deferred tax is recognized in respect of temporary differences arising

between the carrying amounts of assets and liabilities for financial reporting
purposes and the amounts used for taxation purposes. Deferred tax assets
are recognized for unused tax losses, unused tax credits and deductible
temporary differences to the extent that it is probable that future taxable
profits will be available against which they can be used.

Deferred tax assets are reviewed at each reporting date and 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 if there is a legally enforceable
right to offset current tax liabilities and assets, and they relate to income
taxes levied by the same tax authority on the same taxable entity, or
on different tax entities, but they intend to settle current tax liabilities

and assets on a net basis or their tax assets and liabilities will be realized
simultaneously.

(iii) Minimum Alternate Tax (MAT):

MAT is recognised as an asset only when and to the extent there is
convincing evidence that the Company will pay normal income tax during
the specified period. In the year in which the MAT credit becomes eligible
to be recognised, it is credited to the Statement of Profit and Loss and is
considered as (MAT Credit Entitlement). The Company reviews the same
at each Balance Sheet date and writes down the carrying amount of MAT
Credit Entitlement to the extent there is no longer convincing evidence to
the effect that the Company will pay normal Income Tax during the specified
period. Minimum Alternate Tax (MAT) Credit are in the form of unused tax
credits that are carried forward by the Company for a specified period of
time, hence, it is presented as Deferred Tax Asset.

3.14 Operating segments

The segment reporting of the Company has been prepared in accordance
with Ind-AS-108, "Operating Segment" (specified under the section 133 of
the Companies Act, 2013 (the Act) read with Companies (Indian Accounting

Standards) Rule 2015 (as amended from time to time) and other relevant
provision of the Act).

Operating results are regularly reviewed by the Chief Operating decision

maker ('CODM') who makes decision about resources to be allocated to the
segments and assess its performance.

The Company operates in a single business segment in view of the nature
of products and services provided. The company prepares its segment

information in conformity with the accounting policies adopted for

preparing and presenting the financial statements of the company.

3.15 Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss for
the year attributable to equity shareholders (after deducting preference
dividends and attributable taxes) by the weighted average number of equity
shares outstanding during the year. Partly paid equity shares are treated as a
fraction of an equity share to the extent that they are entitled to participate
in dividends relative to a fully paid equity share during the reporting period.
The weighted average number of equity shares outstanding during the year
is adjusted for events such as bonus issue, bonus element in a rights issue,
share split, and reverse share split (consolidation of shares), if any that have
changed the number of equity shares outstanding, without a corresponding
change in resources.

For the purpose of calculating diluted earnings per share, the net profit

or loss for the year attributable to equity shareholders and the weighted
average number of shares outstanding during the year are adjusted for the
effects of all dilutive potential equity shares.

3.16 Leases

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 define period of time in
exchange for consideration. To assess whether a contract conveys the right
to control the use of an identified assets, the Company assesses whether:

(i) the contact 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.

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
remeasurements 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, the Company's incremental borrowing rate. For leases with
reasonably similar characteristics, the Company, on a lease by lease basis,
may adopt either the incremental borrowing rate specific to the lease or the
incremental borrowing rate for the portfolio as a whole.

Lease payments included in the measurement of the lease liability comprise
the fixed payments, including in-substance fixed payments and lease
payments in an optional renewal period if the Company is reasonably certain
to exercise an extension option; The lease liability is measured at amortised
cost using the effective interest method.

The Company has elected not to recognise right of use assets and lease
liabilities for short-term leases that have a lease term of 12 months or less
and leases of low-value assets. The Company recognises the lease payments
associated with these leases as an expense on a straight-line basis over the
lease term. The Company applied a single discount rate to a portfolio of
leases of similar assets in similar economic environment with a similar end
date.

3.17 Impairment of non-Financial assets and goodwill

At the end of each reporting period, the Company reviews the carrying

amounts of non-financial assets to determine whether there is any indication
that those assets have suffered an impairment loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to
determine the extent of the impairment loss (if any). When it is not possible

to estimate the recoverable amount of an individual asset, the Company
estimates the recoverable amount of the cash-generating unit to which the
asset belongs. When a reasonable and consistent basis of allocation can be
identified, corporate assets are also allocated to individual cash-generating
units, or otherwise they are allocated to the smallest group of cash¬
generating units for which a reasonable and consistent allocation basis can
be identified.

Recoverable amount is the higher of fair value less costs of disposal and
value in use. In assessing the value in use, the estimated future cash flows
are discounted to their present value using a pre-tax discount rate that

reflects the current market assessments of the time value of money and the

risks specific to the asset for which the estimates of future cash flows have
not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated
to be less than its carrying amount, the carrying amount of the asset (or
cash-generating unit) is reduced to its recoverable amount. An impairment
loss is recognised immediately in the Statement of Profit and Loss, unless

the relevant asset is carried at a revalued amount, in which case the
impairment loss is treated as a revaluation decrease.

When an impairment loss subsequently reverses, the carrying amount of
the asset (or a cash-generating unit) is increased to the revised estimate
of its recoverable amount, but so that the increased carrying amount does
not exceed the carrying amount that would have been determined had no
impairment loss been recognised for the asset (or cash-generating unit) in
prior years. A reversal of an impairment loss is recognised immediately in
the Statement of Profit and Loss, unless the relevant asset is carried at a
revalued amount, in which case the reversal of the impairment loss is treated
as a revaluation increase.

Goodwill

Goodwill represents the future economic benefits arising from a business

combination that are not individually identified and separately recognised.
Goodwill is carried at cost less accumulated impairment losses. Refer Note
44 for a description of impairment testing procedures.

3.18 Rounding off amounts

All amounts disclosed in financial statements and notes have been rounded
off to the nearest lakhs as per requirement of Schedule III of the Act, unless

otherwise stated.

3.19 Recent accounting pronouncements:

The Ministry of Corporate Affairs has notified Companies (Indian Accounting
Standards) Amendment Rules, 2024 to amend the following Ind-AS which
are effective for annual periods beginning on or after 1st April 2024. The

Company has applied these amendments for the first time in the standalone
financial statements.

i) Ind AS 116, Leases

The MCA notified the Companies (Indian Accounting Standards) Second
Amendment Rules, 2024, which amended Ind AS 116, Leases, with respect to

lease liability in a sale and leaseback transaction.

The amendment specifies the requirements that a seller-lessee uses in

measuring the lease liability arising in a sale and leaseback transaction, to
ensure the seller-lessee does not recognize any amount of the gain or loss

that relates to the right of use it retains.

The amendment is effective for annual reporting periods beginning on

or after 1st April 2024 and must be applied retrospectively to sale and
leaseback transactions entered into after the date of initial application of
Ind AS 116.

These amendments do not have any material impact on the amount
recognized in these standalone financial statements.

ii) Ind AS 117, Insurance Contracts

The Ministry of corporate Affairs ("MCA") notified the Ind AS 117, Insurance

Contracts, under the Companies (Indian Accounting Standards) Amendment
Rules, 2024, which is effective from annual reporting periods beginning on

or after 1st April 2024.

iii) Ind AS 117 Insurance Contracts is a comprehensive new accounting
standard for insurance contracts covering recognition and measurement,
presentation and disclosure. Ind AS 117 replaces Ind AS 104 Insurance

Contracts. Ind AS 117 applies to all types of insurance contracts, regardless
of the type of entities that issue them as well as to certain guarantees and
financial instruments with discretionary participation features; a few scope
exceptions will apply.

The application of Ind AS 117 had no impact on the Company's standalone
financial statements as the Company has not entered any contracts in the
nature of insurance contracts covered under Ind AS 117.

iv) New standards and amendments issued but not effective

There are no such standards which are notified but not yet effective.

v) The other amendments to Ind-AS notified by these rules are primarily in the

nature of clarifications.

Note:

a) Issue oF 1,568,999 equity shares during the Previous Year (March 2024)

Investment Committee of the Company by way of Circular Resolution dated April 4, 2023,
has considered and approved, the allotment of 5,20,830 Equity shares of the face value of
?10 each at an issue price of ?480 each (including a premium of ?470 per share), fully paid-
up upon, pursuant to conversion of Warrants into Equity Shares, allotted on preferential
basis to the Warrant Holders. (person belonging to promoter and non-promoter category).

b) Pursuant to the approval of the Shareholders by way of Special Resolution in the Extra
Ordinary General Meeting held on September 13, 2023, the members of the Investment

Committee on behalf of the Company and Board, by way of Circular Resolution dated
September 14, 2023 , has allotted 10,13,069 Equity Shares, to the proposed allottees on
preferential basis, for consideration in cash, at a price of '765/- per Equity Share including
premium of '755/- aggregating to ' 7,750 lakhs to Non-Promoter entities/person in
accordance with the provisions of the Securities and Exchange Board of India (Issue of
Capital and Disclosure Requirements) Regulations, 2018 and other applicable rules/
regulations /guidelines, if any, prescribed by any other regulatory or statutory authorities.

c) The Company has allotted 35,100 fully paid equity shares of face value of '10 each at an
exercise price of '250/- per share to the eligible employees of the Company under the
Employee Stock Options Scheme, 2010. (Refer note 36)

issue oF 26,200 equity shares during the year (March 31,2025) :

d) The Company has allotted 26,200 fully paid equity shares of face value of '10 each at an
exercise price of '250/- per share to the eligible employees of the Company. under the
Employee Stock Options Scheme, 2010. (Refer note 36)

Terms / Rights attached to equity shares:

e) The Company has a single class of equity shares. Accordingly, all equity shares rank equally
with regard to dividend and share in the Company's residual assets. The equity shares are
entitled to receive dividend as declared from time to time. The voting rights of an equity
shareholder on a poll (not on show of hands) are in proportion to its share of the paid-up
equity capital of the Company. Voting rights cannot be exercised in respect of shares on
which any call or other sums presently payable have not been paid.

On winding up of the Company, the holders of the equity shares will be entitled to receive
the residual assets of the Company, remaining after distribution of all Preferential amounts
in proportion to the number of equity shares held.

h. Shares reserved For issue under options :

For details of shares reserved for issue under the employee stock option plan (ESOP) of the
company (Refer note 36).

i. Money received against share warrants

Shareholders at Extraordinary general meeting held on October 6, 2021, approved by way
of special resolution, issuance of 6,24,996 share warrants convertible into equity shares
to Promoters of the Company, members of Promoters Group and non-promoters on

preferential basis. Accordingly, during the year March 2022, Company has allotted 6,24,996
share warrants ("Warrants") convertible into equity shares at the issue price of '480 each.
Consequently, Company has received Rs.750 lakhs, as amount equivalent to 25% of Issue
price against warrants.

During the year ended March 31,2023, Company has received '1,856 lakhs till March 31,2023
for application from 5,20,830 Warrant holder to exercise their right for conversion of Warrants
into equal number of Equity Shares and balance of '19 lakhs received subsequent to year end.
Investment Committee of the Company by way of Circular Resolution dated April 04, 2023,
has considered and approved the allotment of 5,20,830 equity shares of the face value of
'10 each at an issue price of ' 480 each (including a premium of ' 470 per share), fully paid
up upon exercising the option available with warrant holders (persons belonging to promoter
and non-promoter category) to convert 5,20,830 warrant.

Consequently, on April 04, 2023, the Company has allotted 5,20,830 Equity Shares at an issue
price of ' 480 each (inclusive of premium) aggregating to '1,875 lakhs and balance share
warrants of 1,04,166 have been forfeited.

Capital Reserve

The reserve comprises of profits/gains of capital nature earned by the Company / arising in the
course of mergers and credited directly to such reserve.

Employee Stock Option Reserve

The share options outstanding account is used to recognise the grant date fair value of options
issued to employees under equity settled share based payments.

Special economic zone Re-investment Reserve Account

The Special Economic Zone (SEZ) re-investment reserve is created out of the profit of eligible SEZ
units in terms of the provisions of section 10AA(1)(ii) of the Income-tax Act, 1961. The reserve
will be utilised by the Group for acquiring new assets for the purpose of its business as per the
terms of section 10AA(2) of Income-tax Act, 1961.

General Reserve

General reserve forms part of retained earnings and is permitted to be distributed to
shareholders as part of dividend.

Retained Earnings

All other net gains and losses and transactions with owners (e.g. dividends) not recognised
elsewhere. Retained earnings include remeasurement loss/(gain) on defined benefit plans, net of
taxes that will not be reclassified to profit and loss.

Dividends

The Board of Directors have not recommended any dividend for the year March 31,2025 and
March 31, 2024.

34 Earnings per share (EPS)

Basic EPS amounts are calculated by dividing the profit for the year by the weighted average
number of Equity shares outstanding during the year.

Diluted EPS amounts are calculated by dividing the profit attributable by the weighted
average number of Equity shares outstanding during the year plus the weighted average
number of Equity shares that would be issued on conversion of all the dilutive potential
Equity shares into Equity shares.

b. Related Party Transactions and outstanding balances
Terms and Condition oF Transaction with Related Parties

The transaction with related parties are made in the normal course of business and on terms
equivalent to those that prevail in arm's length transactions. Outstanding balances at the
year-end are unsecured and interest-free and settlement occurs in cash. There have been
no guarantees provided or received for any related party receivables or payables. The above
transactions are as per approval of Audit Committee.

The following are the volume of transactions with related parties during the year and
outstanding balances as at the year end disclosed in aggregate by type of related party.

36 Employee Stock Option Scheme ["The Scheme"]

The Members of the Company at the Annual General Meeting held on July 24, 2010
vested the authority to the Nomination and Remuneration Committee. The Company has
implemented Employee Stock Option Plan for the key employees of the Company and its
subsidiary. All the options issued by the Company are equity share based options which have
to be settled in equity shares only. The shares are to be allotted to employees under the
Repro India Limited - Employee Stock Option Plan 2010 (the 'ESOP scheme').

The Committee determines which eligible employees will receive options, the number
of options to be granted, the vesting period and the exercise period as per the terms of
the Scheme. The options are granted at an exercise price decided by the Nomination and
Remuneration Committee. Each option entitles the holder to exercise the right to apply
for and seek allotment of one equity share of ' 10 each on the basis of achievement of
performance condition as per approved Scheme. The options issued under the above
Scheme vest in a phased manner after completion of the minimum period of one year with
an exercise period of five years from the respective grant dates.

37 Operating Segments

A. Basis For segmentation

Operating segments are reported in a manner consistent with the internal reporting
provided to the Chief Operating Decision Maker ("CODM") of the Company. The CODM,
who is responsible for allocating resources and assessing performance of the operating
segments, has been identified as the Managing Director of the Company. The Company
operates only in one business segment i.e. Value Added Print Solutions, hence does not
have any reportable segment as per Ind AS 108 "Operating Segments".

B. Financial risk management

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

• Credit risk

• Liquidity risk; and

• Market risk

Risk management Framework

The Company's board of directors has overall responsibility for the establishment and
oversight of the Company's risk management framework. The board of directors has
established the Risk Management Committee, which is responsible for developing and
monitoring the Company's risk management policies. The committee reports regularly to
the board of directors on its activities.

The Company's risk management policies are established to identify and analyse the risks
faced by the Company, to set appropriate risk limits and controls and to monitor risks
and adherence to limits. Risk management policies and systems are reviewed regularly to
reflect changes in market conditions and the Company's activities. The Company, through
its training and management standards and procedures, aims to maintain a disciplined
and constructive control environment in which all employees understand their roles and
obligations.

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. The audit committee
is assisted in its oversight role by internal audit. Internal audit undertakes both regular
and ad hoc reviews of risk management controls and procedures, the results of which are
reported to the audit committee.

i. 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 obligations, and arises principally
from the Company's receivables from customers and investment securities. Credit
risk is managed through credit approvals, establishing credit limits and continuously
monitoring the creditworthiness of customers to which the Company grants credit
terms in the normal course of business. The Company establishes an allowance for
doubtful debts and impairment that represents its estimate of incurred losses in
respect of trade and other receivables and investments.

Trade and other receivables

The Company's exposure to credit risk is influenced mainly by the individual
characteristics of each customer. The demographics of the customer, including the
default risk of the industry and country in which the customer operates, also has an
influence on credit risk assessment. Credit risk is managed through credit approvals,
establishing credit limits and continuously monitoring the creditworthiness of
customers to which the Company grants credit terms in the normal course of business.

Expected credit Loss assessment For customers as at year end :

The Company allocates each exposure to a credit risk grade based on a variety of data
that is determined to be predictive of the risk of loss (e.g. timeliness of payments,
available press information etc.) and applying experienced credit judgment.

Exposures to customers outstanding at the end of each reporting period are reviewed
by the Company to determine incurred and expected credit losses. Historical trends
of impairment of trade receivables do not reflect any significant credit losses. Given
that the macro economic indicators affecting customers of the Company have not
undergone any substantial change, the Company expects the historical trend of
minimal credit losses to continue.

The above amount excludes part of debtors which are covered under ECGC claim.

I. Cash and cash equivalents

The Company held cash and cash equivalents of ' 709 lakhs (March 31, 2024: ' 507
lakhs). The cash and cash equivalents are held with bank and financial institution
counterparties with good credit ratings.

II. Investment in Mutual Funds

The Company limits its exposure to credit risk by investing only with counterparties
that have a good credit rating. The Company does not expect any losses from non
performance by these counter parties.

ii. Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the
obligations associated with its financial liabilities that are settled by delivering cash or
another financial asset. The Company's approach to managing liquidity is to ensure, as
far as possible, that it will have sufficient liquidity to meet its liabilities when they are
due, under both normal and stressed conditions, without incurring unacceptable losses
or risking damage to the Company's reputation.

Market risk is the risk that changes in market prices - such as foreign exchange rates,
interest rates and equity prices - will affect the Company's income or the value of its
holdings of financial instruments. Market risk is attributable to all market risk sensitive
financial instruments including foreign currency receivables and payables and long
term debt. We are exposed to market risk primarily related to foreign exchange
rate risk. Thus, our exposure to market risk is a function of revenue generating and
operating activities in foreign currency. The objective of market risk management is to
avoid excessive exposure in our foreign currency revenues and costs.

(a) Currency risk

The Company is exposed to currency risk on account of its operations in other
countries. The functional currency of the Company is Indian Rupee. The exchange rate
between the Indian rupee and foreign currencies has changed substantially in recent
periods and may continue to fluctuate substantially in the future.

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. The Company's
exposure to the risk of changes in market interest rates relates primarily to the
Company's short-term debt obligations with floating interest rates. The Company
manages its interest rate risk by having a balanced portfolio of fixed and variable rate
borrowings.

Exposure to interest rate risk

The Company's interest rate risk arises from borrowings. Borrowings taken at fixed
rates are exposed to fair value interest rate risk. The interest rate profile of the
Company's interest-bearing financial instruments as reported to the management of
the Company is as follows:

Fair value sensitivity analysis For Fixed-rate instruments

The Company does not have any fixed-rate borrowings at fair value through profit or
loss. Therefore, a change in interest rates at the reporting date would not affect profit
or loss.

Cash flow sensitivity analysis For variable-rate instruments

The risk estimates provided assume a change of 25 basis points interest rate for the interest
rate benchmark as applicable to the borrowings summarised above. This calculation assumes
that the change occurs at the balance sheet date and has been calculated based on risk
exposures outstanding as at that date assuming that all other variables, in particular foreign
currency exchange rates, remain constant. The period end balances are not necessarily
representative of the average debt outstanding during the period.

Capital Management

The Company's Policy is to maintain a strong capital base so as to maintain investor,
creditor and market confidence and to sustain future development of the business,
Management monitors the return on capital asset as well as the level of dividends to
ordinary shareholders.

The Company monitors capital using ratio of 'adjusted net debt' to 'adjusted equity'.
For this purpose , adjusted net debt is defined as total liabilities, comprising interest¬
bearing loans and borrowings and obligations under finance leases, less cash and cash
equivalents. Adjusted equity comprises all components of equity other than amounts
accumulated in the hedging reserve.

39 Employee benefits

The Company contributes to the following post-employment plans in India.

(A) Defined Contribution Plans:

The Company makes contributions towards provident fund which is in the nature of defined
contribution post employment benefit plans. Under the plan, the Company is required to
contribute a specified percentage of payroll cost to fund the benefits.

The Company recognised ?100 lakhs for the year ended March 31, 2025 (March 31, 2024
'116 lakhs) towards provident fund contribution in the Statement of Profit and Loss.

The contributions payable to these plans by the Company are at rates specified in the rules
of the schemes.

(B) Defined Benefit Plan:

In accordance with the provisions of the Payment of Gratuity Act, 1972, the Company has a
defined benefit plan which provides for gratuity payments. The plan provides a lump sum
gratuity payment to eligible employees at retirement or termination of their employment.
The amounts are based on the respective employee's last drawn salary and the years of
employment with the Company.

Liabilities in respect of the gratuity plan are determined by an actuarial valuation, based
upon which the Company makes annual contributions to the Group Gratuity cum Life
Assurance Schemes administered by the LIC of India, a funded defined benefit plan for
qualifying employees. Trustees administer the contributions made by the Company to the
gratuity scheme.

The most recent actuarial valuation of the defined benefit obligation along with the
fair valuation of the plan assets in relation to the gratuity scheme was carried out as at
March 31, 2025. The present value of the defined benefit obligations and the related
current service cost and past service cost, were measured using the Projected Unit
Credit Method.

This plan exposes the Company to actuarial risks such as longetivity risk, interest rate risk
and market (investment) risk.

Assumptions regarding future mortality have been based on published statistics and
mortality tables.

Asset liability matching Strategy:

The money contributed by the Company to the fund to finance the liabilities of the plan has
to be invested.

LIC is required to invest the funds as per the prescribed pattern of investments laid out
in the income tax rules for such approved schemes. Due to the restrictions in the type of
investments that can be held by the fund, it is not possible to explicitly follow an asset-
liability matching strategy to manage risk actively.

There is no compulsion on the part of the Company to fully pre fund the liability of the Plan.
The Company's philosophy is to fund the benefits based on its own liquidity and tax position
as well as level of under funding the plan.

Compensatory absences

The Company provides for the encashment of leave or leave with pay subject to certain
rules. The employees are entitled to accumulate leave subject to certain limits, for future
encashment. The liability is provided based on the number of days of unutilized leave at
each balance sheet date on the basis of an independent actuarial valuation.

Amount of '18.17 Lakhs (March 31,2024 - ' (17.59 Lakhs) has been recognised in the Standalone
Statement of profit and loss on account of provision for long-term employment benefit.

40 Leases - IND AS 116

A. Leases as lessee

The Company has taken premises and machinery on lease having period ranging from 1 to 9
years with an option to renew the Lease after this period.

The weighted average incremental borrowing rate applied to all lease liabilities is 9.53%.
Changes in the carrying value oF Right-oF-use Assets

Note 1

The Company had received Order from Commissioner of Customs (Import), levying differential
duty and penalties for the period March 2006 to March 2009 aggregating to ' 4,886 lakhs
plus interest on duty at the appropriate rate as applicable during the relevant period, on the
computer software imported by the Company for its erstwhile Microsoft business. The Company
had filed an appeal before the Customs, Excise and Service Tax Appellate Tribunal (CESTAT)
against the above Order. The case has been remanded by CESTAT back to the Commissioner

Customs to decide the matter afresh to the extent of calculation as provided in their order.
Further the Company has appealed before the Hon'ble Supreme Court of India ("SC") and
the same has also been admitted for hearing. Based on the legal advice, the management is
confident that no liability will devolve on the Company in respect of the above litigations. The
Company has paid custom duty of ' 186 lakhs under protest.

Note 2

The Company had received an order from Commissioner of customs (Import) levying differential
duty and penalties aggregating to ?945 lakhs for the period March 2006 to March 2009 on the
computer software imported by Wipro and HCL and the Company has been made a party to
the proceedings for its erstwhile Microsoft business. Excise and Service Tax Appellate Tribunal
(CESTAT) has set aside the order and has sent it back to Commissioner of Custom (Import) to
decide it fresh. Based on the legal advice, the management is confident that no liability will
devolve on the Company in respect of the above litigations. The Company has paid custom duty
of ' 71 lakhs under protest.

Note 3

The Company had received an order from Commissioner of Central Excise for denial of credit
of '138 lakhs being availed under Rule 14 of Cenvat Credit Rules, 2004 and ' 252 lakhs being
availed under Rule 15 of Cenvat Credit Rules, 2004. Company has filed an appeal before Customs
Excise and Service Tax Appellate Tribunal (CESTAT). Based on the legal advice, the management
is confident that no liability will devolve on the Company in respect of the above litigations. The
Company has paid excise duty of ?29 lakhs under protest.

Commitments

The Company has capital commitments of ' 739 lakhs (March 31, 2024: ?22 lakhs)

42 The workers of Mahape factory are on strike since 8 th April 2017. The Company has
declared the factory as closed consequent upon the order from Hon'ble High Court of
Bombay for closure of the factory as applied for is deemed to have been granted and as
such the closure of the factory is confirmed and came into effect from 6th May, 2020.
Accordingly the Company has necessary provision for legal dues payable to workers.

The Company also has inventories aggregating ' 590 lakhs at the plant which have not been
consumed as the plant is shut down since the above date. Inventories are valued at the
lower of cost or net realizable value, whichever is lower.

The carrying value of movable property, plant and equipment situated at the plant
aggregates to ?348 lakhs which is not in use since commencement of the strike. At
the end of reporting period, RIL has assessed the carrying amounts of property, plant
and equipment to determine indications of impairment of those assets by obtaining
independent valuer's report, and based on the both it is concluded that there is not
impairment of property, plant and Equipment at the end of March 31, 2025.

Footnote:

Consortium of Banks consisting of ICICI Bank, Yes Bank, IDFC First Bank and State Bank of India.

46 Additional Regulatory Information:

a) The Company does not have any Benami property, where any proceeding has been
initiated or pending against the Company for holding any Benami property.

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

c) The Company does not have any transactions with companies struck off.

d) The Company has complied with number of layers precscribed under clause (87) of
section 2 of the Act read with the Companies (Restriction on number of Layers) Rules,
2017.

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

f) The Company has not traded or invested in Crypto currency or Virtual currency during
the financial year.

g) Utilisation of Borrowed funds and Share premium:

A) 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:

i. 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

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

B) 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:

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.

h) The Company does not have any such 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.

i) The Company has not entered into any scheme of arrangement which has an
accounting impact on current or previous financial year.

j) The Borrowings obtained by the Company from Banks and financial institutions have
been applied for purposes for which such borrowings were taken.

47 Correction oF accounting relating to prior years

The Company has corrected certain prior period accounting whereby the Company has
restated the comparative Statement of profit or loss for the year ended March 31, 2024
and the comparative balance sheet as at that date, and also the opening balance sheet as
at April 1, 2023, in accordance with Ind AS 8 - "Accounting policies, Changes in accounting
estimates and Errors".

a) Deferred tax assets of INR 134 lakhs recognised on remaining WDV of Property, Plant &
Equipment ("PPE") as at April 1, 2023 which was not recognised on loss on fair valuation
of PPE at the time of Ind AS transition as per Ind AS 101, corresponding impact has been
considered in opening retained earnings of the Company.

b) The Company has reversed deferred tax assets of INR 9 lakhs to the extent of the reversal of
WDV on these assets due to regular depreciation & amortisation and corresponding impact
has been considered in financial statement for the year ended March 31, 2024.

The above adjustment does not have any impact on cash flow statement.

49 The Code on Social Security 2020

The Code on Social Security 2020 ('the Code') relating to employee benefits, during the
employment and post-employment, has received Presidential asset on September 28,

2020. The Code has been published in the Gazette of India. Further, the Ministry of Labour
and Employment has released draft rules for the Code on November 13, 2020. However,
the effective date from which the changes are applicable is yet to be notified and rules for
quantifying the financial impact are also not yet issued.

50 Previous years figures have been regrouped/reclassified wherever necessary.

In terms of our report of even date attached

For MSKA & Associates For and on behalf of the Board of Directors of

Chartered Accountants Repro India Limited

Firm Registration No: 105047W CIN: L22200MH1993PLC071431

Amrish Vaidya Sanjeev Vohra Mukesh Dhruve Abhinav Vohra

Partner Managing Director Director Chief Financial officer

Membership No: 101739 DIN: 001 12352 DIN: 00081424

Almina Shaikh

Place: Noida Place: Noida Company Secretary

Date: May 19, 2025 Date: May 19, 2025 Membership No: A44431