Notes to Accounts of BCPL Railway Infrastructure Ltd.

Mar 31, 2026

Terms/ Rights attached to equity shares :

d) The Company has only one class of shares referred to as equity shares having a par value of Rs.10. Each holder of equity shares is entitled to one vote per share. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the company, after distribution of all preferential amounts. However, no such preferential amounts exist currently. The distribution will be in proportion to the number of equity shares held by the shareholders.

a) Security Premium: Security Premium represents to record the premium on issue of shares. The reserve is utilised in accordance with the provisions of the Companies Act 2013.

b) Retained Earnings: Retained Earnings refers to the portion of net income which is retained by the corporation to be reinvested in its core business. Similarly if the Company has a loss then that loss is retained and called retained losses or accumulated losses. Retained Earnings and Losses are cumulative from year to year with losses off setting earnings.

c) Reserve for Equity Instruments through other comprehensive income (OCI) : This reserve represents the cumulative gain or loss arising on net revaluation of equity instruments measured at fair value through OCI, net of amounts reclassied to the Retained Earnings when those assets have been disposed off.

30 Contingent Liabilities and Commitments

A Contingent Liabilities

(i) Disputed Sales Tax (excluding interest) which has not stipulated in the demand / assessment order Rs. 81.12 Lakhs (Previous year - Rs.310.18 Lakhs).

(ii) Disputed Service tax (excluding interest) which has not stipulated in the demand / assessment order Rs. 186.90 Lakhs (Previous year - Rs. 150.57 Lakhs).

(iii) Corporate Guarantee to group companies Rs. 4779 lakhs (previous year- 4779 lakhs)

(iv) Outstanding Bank Guarantees Rs.1766.17 lakhs (previous year-2412.46 lakhs)

B Capital and other commitments: ''

Rs. 63.92 Lakhs (Previous Year - Rs. Nil)

C Pending Litigations

(i) A civil suit numbering 669 of 2011 was filed in High Court of Calcutta by Union of India& Others against the Company in appeal for an arbitration award signed and published on April 8, 2011 passed by the Arbitral Tribunal. The said arbitral award was given in arbitral proceedings initiated by the Company which arose out of contract agreement numbering CEE/D/CON/TRD/809 dated September 5, 2002 entered by the Company with Chief Electrical Distribution Engineer("Respondent") relating to ADRA division-renewal/rehabilitation of overhead equipments and power supply equipments. As per the award the Respondent was inter-alia required to release the retention money of Rs. 44,66,582 and the Company was required to pay an amount of Rs. 4,48,387 to the Respondent. Currently the said matter is pending for disposal.

(ii) Rs. 32.33 Lacs (Previous Year Rs 53.60 lacs) For Workmen compensation

31 Employee Benefits

(i) Defined Contribution Plans

Provident Fund for certain eligible employees is administered by the Company through Employees Provident Fund as per the provisions of the Employees'' Provident Funds and Miscellaneous Provisions Act, 1952.

The amount contributed is recognized as an expense and included in "Company''s contributions to PF & other funds" of Statement of Profit and Loss account is Rs.14.38 lakhs (FY 2024-25 Rs.15.22 lakhs).

(ii) Defined Benefits Plan Gratuity

The salary escalation rate usually consists of at least three components, viz. regular increments, price inflation and promotional increases. In addition to this any commitments by the management regarding future salary increases and the Company''s philosophy towards employee remuneration are also to be taken into account.

Assumptions regarding future mortality experience are set in accordance with published statistics by the Actuary.

The discount rate is based on the government securities yield.

(ii) Fair Value

The fair values of financial assets and liabilities are included at the amount 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 following methods and assumptions were used to estimate the fair values:

(a) The management assessed that fair values, of trade receivables, cash and cash equivalents,other financial liabilities, loans, trade payables, lease liabilities and other financial liabilities (current), approximate to their carrying amounts largely due to the short-term maturities of these instruments. In respect of investments in mutual funds, the fair values represent net asset value as stated by the issuers of these mutual fund units in the published statements. Net asset values represent the price at which the issuer will issue further units in the mutual fund and the price at which issuers will redeem such units from the investors. Accordingly, such net asset values are analogous to fair market value with respect to these investments, as transactions of these mutual funds are carried out at such prices between investors and the issuers of these units of mutual funds.Further, management also assessed the carrying amount of certain non-current loans which are a reasonable approximation of their fair values and the difference between the carrying amounts and fair values is not expected to be significant.

b) The fair value of derivative contracts (foreign exchange forward contracts and Currency and Interest rate swaps) is determined using discounted cash flow analysis and swaps and options pricing models.

(iii) Fair value of financial assets and liabilities measured at amortised cost

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

(iv) Fair value hierarchy

This section explains the judgements and estimates made in determining the fair values of the financial instruments that are (a) recognised and measures at fair value and

(b) measured at amortised cost and for which fair values are disclosed in the financial statements. To provide an indication about the reliability of the inputs used in determining fair value, the company has classified its financial instruments into the three levels prescribed under the accounting standard. Explanation of each level follows underneath the table:

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices. This includes listed equity instruments and mutual funds that have net asset value as stated by the issuers in the published statements. The fair value of all equity instruments which are traded in the stock exchanges is valued using the closing price as at the reporting period. The mutual funds are valued using the closing NAV

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques which maximise the use of observable market data and rely as little as possible on entity-specific estimates. If all significant inputs required to fair value an instrument are observable, the instrument is included in Level 2 Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3. This is the case for unlisted equity securities included in level 3.

The Company''s policy is to recognise transfers into and transfers out of fair value hierarchy levels as at the end of the reporting period. There are no transfers between level 1 and level 2 fair value measurements during the year ended 31 March, 2026 and 31 March, 2025.

36 Financial risk management objectives and policies

The Company''s principal financial liabilities comprises of borrowing, trade payables, lease liabilities and other financial liabilities. The main purpose of these financial liabilities is to finance and support the operations of the Company. The Company''s principal financial assets include investments, trade receivales, loans, cash & cash equivalents and other fiancial assets that derive directly from its operations.

The Company''s business activities are exposed to a variety of risks including liquidity risk, credit risk and market risk. The Company seeks to minimize potential adverse effects of these risks by managing them through a structured process of identification, assessment and prioritization of risks followed by coordinated efforts to monitor, minimize and mitigate the impact of such risks on its financial performance and capital. For this purpose, the Company has laid comprehensive risk assessment and minimization/mitigation procedures, which are reviewed and approved by the Board from time to time. These procedures are reviewed to ensure that executive management controls risks by way of properly defined framework. The Company does not enter into derivative financial instruments for speculative purposes.

(A) Credit risk

Credit risk refers to risk of financial loss to the Company if customers or counterparties fail to meet their contractual obligations. The Company is early stage of operation of business and currently not exposed to credit risk from its operating activities (mainly trade receivables). The Company is exposed to credit risk from its investing activities (primarily deposit with banks and investment in mutual funds).

(i) Credit risk management

(a) Trade Receivable

Customer credit risk is managed by each business unit subject to the Company''s established policy, procedures and control relating to customer credit risk management. Credit quality of a customer is assessed based on an extensive credit rating scorecard and individual credit limits are defined in accordance with this assessment. Outstanding customer receivables are regularly monitored by The Board of Directors and corrective actions taken.

As per the policy, any trade receivables overdue for more than 365 days, equivalent provision / allowance are provided in the books of accounts on the relevant date.

(b) Deposits and financial assets (Other than trade receivables):

The Company maintains exposure in cash and cash equivalents and money market liquid mutual fund schemes. Investments of surplus are made within assigned credit limits with approved counterparties who meet the threshold requirements with respect to ratings, financial strength, credit spreads etc. Counterparty credit limits are set to minimize concentration risk and are reviewed periodically by the Board.

(B) Liquidity Risk

The company objective is to at all times maintain optimum level of liquidity to meet its cash and collateral requirement at all times. The Company relies on Borrowing to meet its additional need for fund. The current committed lines of credit are sufficient to meet its short to medium term expansion needs and hence evaluates the concentration of risk with respect to liquidity as low. The Company monitors rolling forecasts of its liquidity requirements to ensure it has sufficient cash to meet operational needs while maintaining headroom on its undrawn committed borrowing facilities at all times so that Company does not breach borrowing limits or covenants (where applicable ) on any of its borrowing facilities.

Market risk is the risk that the fair value of future cash flow of financial instruments may fluctuate because of changes in market conditions. Market risk broadly comprises three types of risks namely currency risk, interest rate risk and price risk (for commodities or equity instruments). The above risks may affect the Company''s income and expenses and / or value of its investments. The Company is early stage of operation of business and currently exposed to some of the risks stated above.The Company''s exposure to and management of these risks are explained below

(i) Foreign currency risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. The Company operates in international markets and therefore is exposed to foreign currency risk arising from foreign currency transactions. The exposure relates primarily to the Company''s operating activities (when the revenue or expense is denominated in foreign currency), borrowings in foreign currencies and investment in overseas subsidiaries. Over ninety percent of Company''s foreign currency transactions are in USD while the rest are in EUR. The risk is measured through forecast of highly probable foreign currency cash flows.

The Company''s risk management policy is hedging of net foreign currency exposure at all points in time through foreign exchange forward contracts, vanilla option contracts and cross currency interest rate swaps. The objective of the hedging is to eliminate the currency risk due to volatility in exchange rates.

(ii) Interest rate risk

The Company has incurred short term debt to finance its working capital, which exposes it to interest rate risk. Borrowings issued at variable rates expose the Company to interest rate risk. Borrowing issued at fixed rates expose the Company to fair value interest rate risk. The Company''s interest rate , applying a prudent mix of fixed and floating debt through evaluation of various bank loans and money market instruments.

Although the Company has significant variable rate interest bearing liabilities at March 31, 2026, interest rate exposure of the Company is mainly on Borrowing from Banks , which is linked to their prime lending rate and the Company does not foresee any risk on the same.

(iii) Security Price risk

Securities price risk is the risk that the fair value of a financial instrument will fluctuate due to changes in market traded prices.

The Company invests its surplus funds in liquid schemes of mutual funds. To manage its price risk arising from investments in mutual funds, the Company diversifies its portfolio through mutual fund are susceptible to market price risk, mainly arising from changes in the interest rates or market yields which may impact the return and value of such investments.

(a) Securities Price Risk Exposure

The Company''s exposure to securities price risk arises from investments in mutual funds held and bonds by the Company and classified in the Balance Sheet as fair value through statement of profit or loss.

(D) Commodity Price Risk

Commodity price risk results from changes in market prices for raw materials.

The Company is exposed to commodity price risk arising from derivative contracts linked to copper prices. Fluctuations in copper prices may affect the fair value of such derivative instruments and consequently impact the Statement of Profit and Loss. The Company monitors commodity price movements on an ongoing basis and manages its exposure through established risk management practices.

(a) Commodity Price Risk Exposure

37 Capital management

For the purpose of the Company''s capital management, capital includes issued equity capital, share premium and all other equity reserve attributable to the equity holders of the parent. The primary objective of the Company''s capital management is to maximize the shareholder value.

The Company generally avails short term borrowings to bridge its working capital gap and finances its capital expenditure through internal generation of funds. The Company has a generally low debt equity ratio.

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

No changes were made in the objectives, policies or processes for managing capital during the years ended March 31, 2026 and March 31, 2025.

⁴¹ Labour Code : The Ministry of Labour and Employment implemented the New Labour Codes (Wages, Social Security, Industrial Relations, and Occupational Safety, Health & Working Conditions), effective 21 November 2025, replacing 29 existing labour laws. Based on available information and ICAI guidance, the Company has assessed the impact of the New Labour Codes and recognised the resulting financial impact in the financial statements for the year ended 31 March 2026, which has been disclosed under Exceptional Items. . The Company continues to monitor the finalisation of rules by the Central and State Governments and clarifications from the Government on other aspects of the New Labour Codes and will account for such developments as needed.

43 Other Statutory Information

a) The Company does not have any transactions with companies struck off during the year ended 31 March, 2026

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

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

d) The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded

in writing or otherwise) that the Company shall directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

e) 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 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.

f) The Company has not surrendered or disclosed any transaction, previously unrecorded in the books of account, in the tax assessments under the Income Tax Act, 1961 as income during the year.

g) There are no proceedings initiated or are pending against the Company for holding any benami property under the Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder.

h) The Company used an accounting software for maintaining its books of account which has a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the software. Further no instance of audit trail feature being tampered with was noted in respect of the accounting software. Additionally, the audit trail of prior year has been preserved by the Company as per the statutory requirements for record retention to the extent it was enabled and recorded in the respective years.

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

j) The Company is not a Core Investment Company as defined in the regulations made by Reserve Bank of India. The Group has 4 Core Investment Companies as a part of the Group.

k) No fraud/material fraud by the Company or no fraud/ material fraud on the Company has been noticed or reported and no whistle blower complaints received, during the year ended 31 March, 2026 and 31 March, 2025

The figures in these accounts have been rounded off to nearest lakhs of rupees. Figures marked with (*) are below the rounding off norm adopted by the

l) Company.

m) Company has used the borrowings from banks and financial institutions for the specific purpose for which it was taken at the balance sheet date.

New charge ID 100983785 for an amount of Rs 85cr have been created by consortium bankers and individual charges created earlier by the Bank of India, o) Bank of Baroda and ICICI Bank Ltd against the same amaount were satisfied with Registrar of Companies during the year.

44 Previous Year figures have been regrouped and recasted where ever necessary.

Mar 31, 2025

30 Contingent Liabilities and Commitments

A Contingent Liabilities

(i) Disputed Sales Tax and Service tax (excluding interest) which has not stipulated in the demand / assessment order Rs. 310.18 Lakhs (Previous year - Rs. 310.18 Lakhs).

(ii) Corporate Guarantee to group companies Rs. 4779 lakhs (previous year- 3419 lakhs)

(iii) Outstanding Bank Guarantees Rs.2412.46 lakhs (previous year-1568 lakhs)

B Capital and other commitments:''

Rs. Nil (Previous Year - Rs. Nil)

C Pending Litigations

(ii) Rs. 53.60 Lacs Previous Year Rs 71.57 lacs For Workmen compensation

31 Employee Benefits

(i) Defined Contribution Plans

The amount contributed is recognized as an expense and included in "Company''s contributions to PF & other funds" of Statement of Profit and Loss account is Rs.15.22 lakhs (FY Rs.15.96 lakhs).

Assumptions regarding future mortality experience are set in accordance with published statistics by the Actuary.

The discount rate is based on the government securities yield.

32 Disclosure of under the Micro, Small and Medium Enterprises Development Act, 2006

The Company has not received full information from vendors regarding their status under Micro, Small and Medium Enterprises Development Act, 2006 (MSMED ACT); hence disclosure relating to amount unpaid at year end together with interest paid/payable have been given based on the information so far available with the Company / identified by the Company management. The detail of the same is as under.

35 Fair Value Hierarchy

The table shown analysis financial instruments carried at fair value. The different levels have been defined below:

Level 1: Quoted Prices (unadjusted) in active markets for identical assets or liabilities.

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

Level 3 : Inputs for the asset or liability that are not based on observable market data (unobservable inputs)

Financial instruments at amortized cost

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

During this year there has been no transfer from one level to another.

36 Financial risk management objectives and policies

The Company''s principal financial liabilities, other than derivatives, comprise borrowings and trade payable. The main purpose of these financial liabilities is to finance the Company''s working capital requirements. The Company has various financial assets such as trade receivables, loans, investments, short-term deposits and cash & cash equivalents, which arise directly from its operations. The company enters into derivative transactions by way of forward exchange contracts to hedge its payables.

The Company is exposed to market risk, credit risk and liquidity risk. The Company''s Board of Directors overseas the management of these risks. The Company''s Board of Directors review financial risks and the appropriate financial risk governance framework for the Company. The Board ensures that the Company''s financial risk activities are governed by appropriate policies and procedures and that financial risks are identified, measured and managed in accordance with the Company''s policies and risk objectives. All derivative activities for risk management purposes are carried out by personnels that have appropriate skills, experience and supervision. It is the Company''s policy that no trading in derivatives for speculative purposes may be undertaken. The Board of Directors reviews and agrees policies for managing each of these risks, which are summarized below:

(i) 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 factors. Market risk comprises three types of risk: Interest rate risk, currency risk and other price risk, such as its equity price risk, liquidity risk and commodity risk. Financial instruments affected by market risk include loans and borrowings, deposits and financial derivative.

The sensitivity analyses have been prepared on the basis that the amount of net debt, the ratio of fixed floating interest rates of the debt and derivatives and the proportion of financial instruments in foreign currencies are all constant at March 31, 2025. The sensitivity analyses exclude the impact of movements in market variables on the carrying values of gratuity and other post-retirement obligations. The following assumptions have been made in calculating the sensitivity analyses.

The sensitivity of the relevant profit or loss item is the effect of the assumed changes in respective market risks. This is based on the financial assets and financial liabilities held at March 31, 2025 and March 31, 2024

The sensitivity of equity is calculated as at March 31, 2025 for the effects of the assumed changes of the underlying risk

Interest Rate Risk

Although the Company has significant variable rate interest bearing liabilities at March 31, 2020, interest rate exposure of the Company is mainly on Borrowing from Bank/FI, which is linked to their prime lending rate and the Company does not foresee any risk on the same.

(ii) Credit Risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade receivables) and from its financial activities, including deposits with banks and financial institutions, and other financial instruments.

Trade Receivables

As per the policy, any trade receivables overdue for more than 365 days, equivalent provision / allowance are provided in the books of accounts on the relevant Financial instruments and cash deposits

For banks and financial institutions, only high rated banks/institutions are accepted. Credit risk from balances with banks and financial institutions is managed by the company''s treasury department in accordance with the Company''s policy. Investments of surplus funds are made only with approved counterparties and within credit limits assigned to each counterparty. Counterparty credit limits are reviewed by the Company''s board of Directors on an annual basis and therefore mitigate financial loss through counterparty''s potential failure to make payments.

(iii) Liquidity risk

The table below summarises the maturity profile of the Company''s financial liabilities based on contractual undiscounted payments:

37 Capital management

39 a) The figures in these accounts have been rounded off to nearest lakhs of rupees. Figures marked with (*) are below the rounding off norm adopted by the Company.

b) Company has used the borrowings from banks and financial institutions for the specific purpose for which it was taken at the balance sheet date.

c) No proceedings have been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and the rules made thereunder and company has not been declared as willful defaulter by and bank or institution or other lender.

d) To the best of the information available, the company has not entered into any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956

f) New charge ID 100983785 for an amount of Rs 85cr have been created by consortium bankers and individual charges created earlier by the Bank of India, Bank of Baroda and ICICI Bank Ltd against the same amaount were satisfied with Registrar of Companies during the year.

g) Company has not traded or invested in Crypto currency or Virtual Currency during the financial year

42 Previous Year figures have been regrouped and recasted where ever necessary.

Mar 31, 2024

e) The Company has only one class of shares referred to as equity shares having a par value of Re.10/-.Each holder of equity shares is entitled to one vote per share.In the event of liquidation of the Company, the holders of equity shares will be entitled to receive any of the remaining assets of the company, after distribution of all preferential amounts.However, no such preferential amounts exist currently. The distribution will be in proportion to the number of equity shares held by the shareholders.

30 Contingent Liabilities and Commitments

A Contingent Liabilities

(i) Disputed Sales Tax and Service tax (excluding interest) which has not stipulated in the demand / assessment order Rs. 310.19 Lakhs (Previous year -Rs. 310.19 Lakhs).

(ii) Corporate Guarantee to group companies Rs. 3419 lakhs (previous year- 2870 lakhs)

(iii) Outstanding Bank Guarantees Rs.1568 lakhs (previous year-1803 lakhs)

B Capital and other commitments: ''

Rs. Nil (Previous Year - Rs. Nil)

C Pending Litigations

(ii) Rs. 71.57 Lacs Previous Year Rs 71.57 lacs For Workmen compensation

31 Employee Benefits

(i) Defined Contribution Plans

The amount contributed is recognized as an expense and included in "Company''s contributions to PF & other funds" of Statement of Profit and Loss account is Rs.15.96 lakhs (FY 2022-23 Rs.16.15 lakhs).

(ii) Defined Benefits Plan Gratuity

(i) The following table summarizes the components of the net defined benefits plan towards gratuity recognized in the Statement of Profit and Loss and Other Comprehensive Income and the funded status and amounts recognized in the Balance Sheet:

Assumptions regarding future mortality experience are set in accordance with published statistics by the Actuary.

The discount rate is based on the government securities yield.

32 Disclosure under the Micro, Small and Medium Enterprises Development Act, 2006

34 Disclosure in respect of Related Parties

(i) List of related parties A. Subsidiary Company

BCL Bio Energy Private Limited - 51% of capital held by the Company as at 31/03/2024, Previous year 51.00%. BRIL Social Foundation - 19.90% of capital held by the Company as at 31/03/2024, Previous year 99.90%

35 Fair Value Hierarchy

The table shown analyses financial instruments carried at fair value. The different levels have been defined below:

Level 1: Quoted Prices (unadjusted) in active markets for identical assets or liabilities.

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

Level 3 : Inputs for the asset or liability that are not based on observable market data (unobservable inputs)

Financial instruments at amortized cost

During this year there has been no transfer from one level to another.

36 Financial risk management objectives and policies

(i) Market Risk

The sensitivity analyses have been prepared on the basis that the amount of net debt, the ratio of fixed floating interest rates of the debt and derivatives and the proportion of financial instruments in foreign currencies are all constant at March 31, 2024. The sensitivity analyses exclude the impact of movements in market variables on the carrying values of gratuity and other post-retirement obligations. The following assumptions have been made in calculating the sensitivity analyses.

The sensitivity of equity is calculated as at March 31, 2024 for the effects of the assumed changes of the underlying risk Interest Rate Risk

Although the Company has significant variable rate interest bearing liabilities at March 31, 2024, interest rate exposure of the Company is mainly on Borrowing from Bank/FI, which is linked to their prime lending rate and the Company does not foresee any risk on the same.

(ii) Credit Risk

Trade Receivables

As per the policy, any trade receivables overdue for more than 365 days, equivalent provision / allowance are provided in the books of accounts on the relevant date.

Financial instruments and cash deposits

(iii) Liquidity risk

^ 37 Capital management

No changes were made in the objectives, policies or processes for managing capital during the years ended March 31, 2024 and March 31, 2023.

39 a) The figures in these accounts have been rounded off to nearest lakhs of rupees. Figures marked with (*) are below the rounding off norm adopted by the Company.

b) Company has used the borrowings from banks and financial institutions for the specific purpose for which it was taken at the balance sheet date.

c) No proceedings have been initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988

d) To the best of the information aeailatile, the company/ has not e ntered into ady transact ions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956

f) No new charges have been created and no charges satisfied with Registrar of Companies during the year.

g) Company has not traded or invested in Crypto currency or Virtual Currency during the financial year

Mar 31, 2019

1. In the opinion of the management, since no reasonable estimates of probable outflow, on account of present obligations, of the Company can be made, no provision has been made under the stipulations of AS-29 issued by the ICAI.

* BCPL was a partner in the Joint Venture. Because of lack of transparency on the part of the lead partner, BCPL has decided to withdraw from the Venture and write off the capital invested in the firm.

** The write back represents mobilization advance received against which BCPL was unable to start work due to inability of the clients to provide the infrastructure in their scope. The management of BCPL is of the opinion that the transaction has surpassed the period of limitation and future claim, if any from the clients would not be enforceable in law.

*** Dues receivable by BCPL against projects which are old and in the opinion of the management may not be recoverable.

a) The Company has accounted for liability on account of Indirect Taxes to the extent the management considers applicable to the Company.

b) Previous year figures have been regrouped/reclassified wherever necessary to correspond with the current year''s classification/disclosure.

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