Accounting Policies of Fujiyama Power Systems Ltd. Company

Mar 31, 2025

The Company measures financial instmmenlsal lair value al eadi Balance Sheet date.

Fair vulud [ ihc price llinl would be race i veil lo sell an mral nr paid lu IrHiwi''er a liabilily jn an orderly tratlGKtiOTl brelweeri market pari icipsuil* Hi I lie nremairemefil (Sale ''l1ic fair
Value mEHKnranent i* based un Die preemption dial Die tmisacliun to sell llic assel ur I:Busier 111e liability takes place Eilher:

* |n the principal mnrkd far Ihe asse; or I iahi I ily. or

* In the absence of a principal market ,in tlic mo£l advantageous market for Hit asscl or liability.

Tlic principal or the mod advanlageous market must be accessible by llic Company.

Tli e lair value of an asscl or a habilily is measured using Ihe assumptions lliat market pattidpanls would use when prioing Ihc asscl or liability, assuming lliat market particiianls
act in tlicir economic best imerest.

A far vuluc meuSiremeril of a iiiMi-liiiaii ei il asscl takes iito accounl a market pail icip mil''s ability to generate economic becuelll n Iry using llic asset in ils liighesl and tresl use ur
by selling il In anolher market [arl ici| mill lhal would Use llic asset in ilsliieliesl and lies use

"llic Compiaiy uses vain alum lechniques Ilia’ are apjtrup iriatE in llic cirpim stances and fur which ahTirinil (tala are availalilE lo measure fair value, maximising llic use of relevant
observable inputs and minimising the use of unobservable inpuls.

All assets and liabilities for which fair value is measured or disclosed in die Standalone Financial Statements are categorised with in die fair value hierarchy, described as follows,
based on llic lowest level input dial is signiilcanl to Ihc lair value incasnremciil as a whole''

* Level 1 — Qumrd (in i adjusted I market prices in active markets for identical asscl s Or liabilities

* l.evel 2 — Valuation techniques for which I he lowcsl level input Ihnt is significant lo Uie fair value niEarairement is directly Dr indirectly observable

* Level 3 Valuation techniques for which the lowest level input that is signiiicanl lo tiie fair value measurement is unobservable

For avails and liabilities that arc recognised in die Standalone Financial Statements on a recurring basis, die Company determines whether trmisfers have occurred between levels
in die hierarchy by re-assessing calcgorisation (based on tlic lowest level input tlial is significant to the fair value mcasurcmenl as a whole) at Ihc end of eadi reporting period.

For the purpose of fair value disclosures, llie Company has determined classes of assets md liabilities on llie basis of ihe nature, characteristics and riiks of Hie i-scl or liabilily
and die level of the fair value hierarchy as explained above.

This mile summarises accounting policy for fair value. Ciller fair value related rlisclo^ires are given in iherdevanl limes

* Disclosures for valual ion melhods. significant estimates ami assumpl ions

* Quaiilil at ive disclosures of fair value measurement Incnrchy

* Kin uncial in-triimcnls (including Ihuse carried al amortised oosl)

c. Revalue rroognluou

Revenue from apEraliuns is recognised when control of Die services are Iransfened to die Customer al a IransaCliun price lliat reflECLS die Cunsirleratiun to which ihc Company
expects to be cut il led in exchange far lliose services.. To del cm line when Id necugjiisE revenue. Die Company follows dte following 3-slepi |iTocese>:

* IdcnL i Tying llie conlmct w ilii a cusl-.m icr

* Ideiitity inglhenuderlyiiig pertiomiincc obi igal ions

* Octcnn i n in^, Die transaction price

* Allocating Die Imimclion puce to ihe pErformancE obligations

* Re c oe n ising re venue wh abas performance ohljgal i onfsl an sal isficd

Tlic tiansaclion price of services rendered is net of variable considttalion. The transaclion price fur a contract excludes any amounls collected on behalf of third parties The
Company has generally concluded that it is the principal in its revenue aiTangemcntg except for Die agency services below, because il lypically controls the services before
transferring Ihcm to Ihe customer.

Revenue is recognised when she Company sal isllts a pterfurn lance obi igatiuu by Irarisforiug a premised service lo Die customer, which is when llie customer nlaaius ecu Urn I of
the service. A pei''fui i nance obligation may be satisfied at a point m lime or ovei time. Hie amonnl of icvciiue iccvgniscd is Die liansavlion piicc alio Lined Lo llic satisfied
performance obligation

1''he -pieeilie rEcOguitimi criteria ilescritied tie law must be met before revenue is re cognised:

Income bom ser vices
(I) Ri''liiiiiiTvIilii vitvices

Ihe (Tompany is engaged in Die business of providing cloud based intelligent cu Corner eiigagemmt software solid ions. Revenue is recognized over llie specified subscripl ion
pEricd or On Die basis of underlying services |ierformeiL as ihe Case may tie, in accordance willi Die arraitganeid wilh llie enStomers. The CTompany recognises revenue far a
salcs-based or usage-based royalty promised in the contract only when (or as? Ihc subscqnenl sale or usage occurs.

(LL) Campaign services

Ihe (lompiany provides SMS campaign services Dial are bundled logeDier wiDi llie relainer Services. ''Hie Cumpariy recogn iscs re ven ue based (hi Die usage of messaging services
i.c . when llic Company''s services arc used based on Die specific Icims of Ihe contract wilh customers.

''I he Company recognises revenue either on a gross or ncl basis depending on Ihe nature of ils role in Die Iramaedion. in accordance wilh Ind AS 115. Revenue is recorded on a
gross basis when Ihc Company acts as a. principal in Ihc transaction. meaning it has control over I lie services before I hey are Iransfened to llie customer.

Revenue is recorded on a net basis when Ihc Company acts as an agenl. facilitating a transaction between a supplier and the customer In Diis case, llic revenue is recorded as
the net amounl rdMined alter ilEihicliug IIie oust Df Services provided by Ihc supplier.

The dclcmiinalion of whether revenue is recognised on a gross or net basis is assessed on a Iraiissclioii-by-lransaclion basis, considering specific Icrms and conditions of cadi

arrangement

(hi I In stall ntJwi services

The Company provides a one-lime installalion services that are btmd led logellierwitli llie relaincrstiip services, llic Company recognises revenue from installation services over
time because the customer simultaneously receives and consumes Die belief! is provided tollicm. The Company rises an inptil method in measuriig progress of Die installalion
services because there is a direct relationship between Die Company''s effort and the transfer of service lo die customer, ihe Company recognises revenue on Ihc basis of tlic
milestone achieved which correlates wjUi efforts expended relative to Ihe lotal cxpcclcd efforts to complete die service.

ON) installation sendees (cont''d)

In contracts with customers where she rctainership. campaign services and installation services are bundled together, die Company has applied the guidance in hid AS 115 by
a[iplying ihe revenue recognition criteria for each divine! performance obligation. For aJIocaling the transaction price, Hie Company has measured the revalue in respect of cadi
performance obligation of a contract and its relative standalone selling price. The price that is regularly charged for an item when sold separately is the best evidence of its
standalone sclliig price. In cases where die Company is unable to detenu inc the standalone selling price, the Company uses the expected cost plus margin approach in estimating
the standalone celling price.

The Company has assessed its revenue arrangements based on the substance of the transaction and business model against specific criteria to determine if it is acting as principal
or agent

(lv) Service Income from Croup Companies

The Company has appointed subsidiaries as Limited Ri& Distributor to sell, use and offer to sale, display and market the platform in their territories. The Company has agreed
to maintain an agreed upon profitability in Ihe sntisidiaries for Ihe revenue derived from ihe Cupillary Loyally Platform.

Ollier htroiiic

(I) hum-si Innimc

For all financial instruments measured either at amortised cost or at fair value through other comprehensive income, interest income is recorded using the effective interest rate
CLlRj EIR is the rate that exactly discounts ihe estimated future cash payments or receipts over the expected life of tlicfnancial instrument ora shorter period, where appropri at e,
Lo ihe gross carrying amount of Hi e financial asset Or to ihe amortised cost of a financial liability. When calculating Ihe c fie dive interest rale, the Company climates the exacted
cash flows by considering all tlie contractual terms of die financial instrument but does not consider tlie expected credit losses. Interest income is included in other income in
the Standalone Statement of Profit and Loss.

(II) DJvl.-toM.-l lur rnm''

Dividend income is recognized when lire right to receive payment is cStabbTied, wliidi is generally when diarchoblers ajtprovc the dividend, provided it isprottable that I tie
economic benefits associated with the dividend will flow to tlie Company, and tlie amount of tlie dividend can be measured reliably.

Contract balance*

Contract assets

A contract asset is tlie right lo consideration in exchange for services transferred lo ihe customer. If ihe Company performs by transferring services to a customer before tlie
customer pays consideration or before payment is due. a contract asset is recognised for die earned consideration that is conditional. Contract assets are transferred to receivables
when the rights become unconditional and contract liabilities are recognized as and when the performance obligation is satisfied

Contract assets are subject to impairment assessment. Refer to account ing policies on impairment of financial assets in section (I) Financial instrumenls inilia I recognition and
subsequent measurement below

Trade receivables

A receivable is recognised If an amount of consideration that is unconditional (i.e., only the passage of time is required before payment of tlie consideration is due). Refer to
accounting policies of financial assets in section (I) Financial instruments initial recognition and subsequent measurement below

Deterred contract costs

Deferred contract costs are incremental costs that are associated wilh acquiring customer coni rads and consists primarily of sales commissions to employees and certain referral
fees paid to third-party resellers. Incremental costs of otrtainiiig a Coni rad. are capitalised if these costs are recoverable. Costs lo fulfil a contract are capitalised if Ihe costs relate
directly lo the contract, generate or enhance resources used in satisfying the contract and are expected to be recovered. Other contract costs arc expensed as incurred.

Capitalised contract costs arc subsequently amortised on a. systematic basis as llie Company recognises the related revenue. An impairment loss is recognised in Standalone
Statement of Profit and Loss to Ihe extent that the carrying amount of the capitalised contract costs exceeds Ihe remaining amount of consideration that the Company ex pc Js to
receive in exchange for Ihe services to which Ihe couLrad costs reties less Ihe costs that relate directly Lo providing Ihe services and that have not been recognised as expenses.
The maximum period over which tlie Company expeels lo derive henefit from contracts entered into with cu&omcrs is 3 years. Tlie Company has elected to apply the practical
expedient to recognise ihe incremental cost s of obtaining a coni rad as an ex|xnse when incurred where the unionisation period of the asset that, would Otherwise be recognised
is over year or less.

Contract It abilities

A contract liability is recognised if a payment is received ora ftaymenl is due (whichever is earlier) from a customer before the Company transfers the related services. Contract
liabilities arc recognised as revenue when the Company performs under the contract I i.e.. transfers control of the related services to the customer).

d. Taxes on income
Current income tax

Tax expense for Ihe period comprises current and deferred tax. The tax currently payable is based on taxable profit for tlie year. Taxable profit differs from net profit as reported
m the Standalone Statement of Profit and Loss because il excludes Hems of income or expense that are taxable or deductible in oilier years and it liirther excludes items Ilia! are
never taxable or deductible. Current income tax assets and liabilities arc measured at the amount expected to be recovered from or pa id to tlie taxation authorities, Tlie Company''s
liability for current lax is calculated using tlie lax rales and tax laws that have been enacted or substantively hi acted by the end of the reporting period.

CutTHit income tax relating to items recognised outside profit or loss is recognised outside Standalone Statement of Profit and Loss (cither m other comprehensive income or in
equity). Cuirrent tax items sire recognised in correlation Lo the underlying transaction either in OCI Or directly in equity. Management periodically evaluates posit nais taken in
the lax returns with resped to situations in which applicable lax regulations are sjbjcct lo inlcqireCaliori and considers whether it is probable that a taxation authority wall accept
an uncertain tax treatment. ''Hie Company shall reflect the effect of uncertainty for cacti uncertain tax treatment by using either most likely method or expected value method,
depending mi which method predicts belter resolution of the tie Him cut.

Deferred tax

Inferred ifix is I he lax expected la k payable ar rean''inlile on di iTerences I''d worn ill: Carrying viIuek of iskeLs arid linbi lilies in iIie Si hi ldalune Kinanuiid SlUEmEiils mil iIie
corresj nun In i" lax ¦; used in Hie compulation ul Mil taxable profit mill is accounted for using the li»tii I ity muilel. Deferred lax I i »tri lilies gaierally reco^iised fur til llic

I ax able Iniipurli)'' differences In unlnn, deferred (me rmlriUE only [EE^iiirEii lu iIie Erltiil ll i :il in probable ill Hi liilurc Iralile pro Ills will lie available SgairuJ which iIie
temfKmtry differences em be utilised

Deferred Ins: assets nre recognized far nil deductible temporary differences. eerry forward of niinsed Ins credits nnd nnnsed liut losses, ta die orient Hint il is pcohohlc Mini taxable
profit will be available against wiiicli tlic deductible temporary differences. and the cany forward of unusedlax credits and unused lax losses can be utilized

Hie carry ine amount of deferred lax assets, is reviewed at each Dalancc Shcel date and reduced to (he extent that il is no longer probable dial sufficient laxable profit will be
available lo allow all or pari of llic deferred tax assel lo he utilized Unrecognised deferred tax assets are re-assessed k each report ing date and are recognised lo IIie exlciil lliat
il has become probable tliat liiturc taxable protils will allow the deterred lax asset lo be recovered

Deferred lax assels mill liabilitiES hie meamred Hi Hie tax rules lhat are Expected ta apply >ⁿ llie year when lire asscl is realised nr lire liability is Settled, based err tux rales [Mid
tax laws) dial laws been enacted urSnbstnnli vely enacted al the Balance Slieel dale

Deferred tax relating to items recognised otilside Standalone Statement of Profit and Loss is recognised outside profit or loss (either in other comprehensive income or in erfiity).
Deferred tax ileum arc recognised in eomelalien to the underlying transaction either in QCI or d:rcclly in eifiity.

Deferred tax asscls and deferred lax liabilities arc offset if a legally enforceable right exists to sel off current tax assets against current tax htlihliesaiidlhe deferred taxes relate
to Ihe same taxable entity and tlic same taxation authority.

o. Property, pUirt mttl equipment

Properly. plain arid Biqu iprcrinil are staled at cost, nel of accnmnlaled ikprEcialiori and accumulated impaimienl losses, if any. Such oust in duties ihe end uf replacing pari of Ihe
property, planl and Etpiipiaienl and borrowing costs fur lung-term cvnslmdrun projects i f the rectigjiifiiHi crileria are mel. When significant ports of properly, plant and etpiipmenl
are recpiired lo he replaced al intervals. Ihe Cbm puny depreciates liicm separately balled in IliEir rpecific useful lives. All oilier repair and maintenance costs are recognised in
Standalone Staiement of Protil and Loss as incurred.

Snlkseipuerit cuds are irioluded in die ami''s carrying a muu nl ur recognised an a separate assd, as apprupriale. urily wlien it is [probable Ilial Finnic economic betubfils associated
wilh Ihe item will ffow lo the Company and Ihe cost of the item can be measured reliably. The carrying amounl of any component accounted for as a sqraratc asscls arc
derecognised when replaced, .¦’ill oilier repairs aid maintenance are charged to Standalone Statement of Profit aid Loss Juripg Ihe reporting period in which lliey are mcuired

The Company identifies and determines cost of each component pail ofthcasscl sepaialcly. iftlic oompoiieiil/part has a cost which issigniilcanl to tiielotal cost of tlic asscl
! i living useful life Mini is materially ililferenl from dial of die remain ing ami. ilicst Components are tleprEcialEil over their useful lives, lire remaining assel is depreciated uver
the life of I he principal a*;ci

Leasehold impaovemenlsare depreeialed over the [period of lease it estimated useful life, whichever is lower, mi straight line basis

Ihe managemait tielieves lhat dies; Eslimated useful lives are reahdiu and reflcd fair approximation of ihe preriud over which llie assets are likely Lube used.

1''lie residual values, nstli.l lives and melhorls ofdcpiecr Uion of pioperly, plant and et|u ipaniei It arc reviewed al each final mini year end and adjusted prospieel i vely, if appropriate

An ilem of properly, plant and ct)uipiment and any significant part initially recognised is derecognised upon disposal or when no tin tire economic benefits are expected from its
use or disjKisal. Any gain or loss arising on derecognition of die asset (calculated as tie difference between the net disposal proceeds and Ihe carrying amount of llic asset) is
included in the Staiivln lone Statemcul of Pro tit and Los when the asscl is derecognised.

F. 1 ri 111 ri ” i 11 ti- assrdx

Ineligible assets act)uired separately arc measured on initial recognition ad cost. Following initial recognition, intangible asscls arc carried al cost less any accumulated
am on i sal ion anil ncoi mutated impairment losses.

Intangible asters widi Unite lives are amurliscd over die useful economic life and assessed for impairment whenever itierc is an indicafLoii that die intangible asset may be
mi|>aircd. Ihe amortisation period and Ihe amortisation method for an inlangible asscl widi a tin He useful life are reviewed at least at Ihe end of each reporting period wiili the
effect uf any ehmge in Ihe Edimate tie ins, accounted for an apru^ieetive bams. Tti e amort isatimi expense on inlarigiblE assets is recognised in die Snuidalune SLalemenl of Prufil
and Loss un less such cxpoenditurc fonns pail of carrying value of anodier asset.

An intangible asset is derecognised upon disposal (i.a, at the date Ihe recipient obtains control) or when no future economic benefits arc expected from ils use or disposal. Any
gain ur loss nr mug upon derecognidun uf lire asscl (calculated as die difference between ihe net dispusil proceeds arid die cwrying amount of the asset) is included bi die
SlandaluiiE Statement olTrolH and Loss, whai lire asscl is ilereco^i ised.

Em cm a lly gew r a led jiUingililg assets

Inleraally general ed inlangible assets, excluding, capitalised development costs, arc not capitalised and expenditure is reflccled in llic Standalone -''Statement of Profit and Loss in
the year in which die expenditure is incurred.

Soil ware proitiel development are expensed as incurred unless technical and commercial I''eaahilily of Ihe project it demon drilled. figure econom ic benefits arc probable, the
Company has an inteiilioa and ability I o complete and use or sell the software and die cost can be measured reliably, llic costs whi d i can be capital ised including die cost of
employees and overhead costs lhat arc directly attributable Io preparing die asscl for its intended use.

internally generated intangible assets (conl''d)

The Company lias identified certain intangibles which arc being internally generated. In the research phase of an internal project, an entity cannot demonstrate Uiat an intangible
asset exists thh‘ will generale probable future economic benefits Therefore, this expenditure is recognised as sin expense when it is incurred. An intangible asset arising from
development for from the development phase of sin inlemsiJ project) :-l i :lI I tie recognised if, and only if, sin entity can demons rale all of the following:

(a) the lectin icfij feasibility of completing (lie iitangible asset so Dial it will tie available for use or sale.

(b) its intention to complete the intangible asset and use or sell it.

(c) its ability to use or sell the intangible asset.

£d) how tlic intangible asset will generate probable iliturc economic benefits. Among other tilings, the entity can demonstrate the existence of a market for (lie output of the
intangible asset or the intangible asset itself or, if it is to be used internally, the usefulness of the intangible asset.

(e) (lie availability of adequate technical, tinancial and other resources to complete the development and to use or sell the intangible asset.

(f) its ability to measure reliably the expenditure attributable to the intangible asset during its development.

The Company had Completed the research and acceptance phase and the projecLs are in the development jrfiase. ''Hie Company has done evalu ai i on of I tie internally generated
software and concluded on being treated as intangible assets. Refer note -1 for fun her disclosure.

Amortisation of the asset begins when development is Complete, and I tie asset is availaMe for use. It is amortised over I lie |seriod of three years. Amort isal ion expense is
recognised in the Standalone Statement of Profit and Loss unless such expenditure forms part of carrying value of another asset,

Patent

Patents and licenses arc measured on initial recognition at professional charges incurred on registration of such patents in connection with the Company customer sen icing
melhodology and if Die regislrai inri of llie patent is under pn.ie.ress, Stic same is recognised as Intangible assets under development.

g. Bor rowing costs

Borrowing costs directly attributable to Ihe acquisition* construction or production of an asset that necessarily lakes a subslant ial period of lime to get ready for ils intended use
or sale arc capitalised as part of the cost of the asset until such time as the assets are substantially ready for the intended use or sale. All other borrowing costs are expensed in
the period in which they occur. Borrowing costs consist of interest and other costs that an entity incurs in connection with the borrowing of funds. Borrowing cost also includes
exchange differences to the extent regarded as an adjustment to Ihe borrowing cOsLs

la. leases

file Company iias lease Contracts for office spaces, the Company assesses at contract inception whether a contract is, or contains, a lease. that is, if Ihe contract conveys Ihe
right to control the use of an identified a^et fur a period of lime in exchange for consideration.

Company as a Ipssiw

The Company applies a single recognition and measurement approach for all leases, except for diort-term leases and leases of low-value assets. The Company recognises lease
liabilities to make lease payments and right-of-use assets representing the right to use tlic underlying assets.

Rlghlof-use assets

''Ihe Company recognises right -of-u-e assets ai Ihe commencement date of the lease (i.e,„ the date the underlying asset is avail aide for use). RigfvbofnJSG assets are measured at
CQSt, less any accumulated depreciation and accumulated impairment losses, and adjusted for any rerrieasunemenl of leise liabilities. ''Hie Co& of rigjit-of-use assets includes the
amount of lease hath lilies recognised initial direct costs incurred, and lease payments made at or before Die commencement dote less any lease incentives received. Kight-oft
use assets are depreciated on a straight-line ttasis over liie shorter of tlic lease term and the estimated useful lives of the assets.

If ownership of Ihe leased asset transfers to the Company at the end of the lease term or the eod reflects the exercise of a purchase option, depreciation js calculated using Ihe
estimated useful life of tlic asset.

Tlic right-of-use assets arc also subject to impairment. Refer to the accounting policies stated under ’Impairment of non-fmancial assets'',
leus* liabilities

At Ihe commencement dale of Ihe lease_L the Company recognises lease liabilities measured at Ihe present value of lease payments to tie made over the lease term. ''Hie lease
paymcnLs include fixed payments (iiclucEug in subdarite fixed payments) less any lease incentives receivable, variable lease payments Ihat depend chi an index or a rale, anil
amounts expected to be paid under residual value guarantees. The lease payments also include ihe exercise price of a purchase option reasonably ceitain to be exercised by the
Company and payments of penalties for terminating the lease, if like lease term reflects the Company exercising Ihe option to lemiiiiole. Variable lease payments that do not
depend on ail inrlex or a rale are recognised as expenses I unless Ihcy are incurred to produce inventories) in Ihe period in which the event or condition Dial triggers Ihe payment
occurs.

In calculating the present value of lease payments, ihe Company uses its incremental borrowing rate at the lease commencement date because the interest rate implicit m the
lease is not readily determinable- After tlic commencement date, the amount of lease liabilities is increased to reflect tlic accretion of interest and reduced for the lease payments
made. Ill addition* Die carrying amount of leise liabilities is rcmea?aired if there is a modification* a change in Die lease term, a change in the lease payments (e.g.* changes to
future payments resulting, from a change in an index or rite used to determine such lease payments) or a change in the asse s.-mcril of oil option to purchase Ihe iiulerlying hsscI

Short term leases artel teases of low-value assets

''l1ie Company applies 111c short-term lease recognition exemption to ils rfiort-lerm leases (j.e_ those lenses llial have a lease lemi of 12 months or less from Use commencement
dale and do riot contain a purchase option). Il also applies llie lease of low-value assets recognition exemption to leases of ofTiee equipment that are considered lo tie low value.
Lease payments on rfiorl-lcrm leases and leases of low-value assets are recognised as expense On a rfraighl-linc basis over the lease term.

L Impairment of Eton financial assets

As al llie end of each accounting year, (lie Cbm pan y reviews the carrying amounts of its property plant and ecpiipmerit and intangible assets determine whether there is any
indication that those assets have suffered an inipaimienl loss. If such indication exists, the said assets arc tested for inipairmenl so as lo detenuinc llie impairment loss, if any.
Intangible assets with indefinite life are lerfed for impairment each year.

Impairment loss is recognised when the carrying amount of an asset exceeds its recoverable amount. Recoverable amount is determined:

(i) in the case of an individual asset, at the higher of the fair value less costs of disposal and the value in use: and

(ii) in the case of a cash generating unit (CG U) (a group of assets that generates identified, independent casli flows), at tlic hi slier of the cash generating unit''s net fair value less
costs of disposal and the value in use.

The amount of value in use is detenu ined as die present value of estimated future ca-rfi flows from the continuing use of an asset and from its disposal at the end of its useful
life. For this purpose, llie discount rale (pre-tax) is detenu ined bused on the weighted average corf of capital of the Company suitably adjusted for risks specified Co the erf i mated
cash flows of the asset.

For this purpose, a curfi generating mil is ascertained as the rfiiallerf klcn lit! able group of asset! llial .generates curfi inflows llial are largely iiulepeiuleiit of the cash inflows
from other assets or groups of assets.

If recoverable amount of an asset (Or cash .general mg unit) is estimated to tie less than its carrying amount, such deficit is recognised immediately in the Standalone Statement
of Profit and Loss as impairment loss and the carrying amount of the asset (or cash generating unit) is reduced to its recoverable amount.

In assessing value in use. the estimated Aiturc cash flows arc discounted to tlicir present value using a pre-tax discount rale that reflects current market assessments of the time
value of money and the risks specific to the asset. In determining fair value less costs of disposal, recent market transactions arc taken into account. If no such transactions can
be idcuLi llecl, an appropriate valuation model is used. These calculations arc corrotiorai ed by valuation Multiples oilier available fair value indicators.

The Company liases its iriifiaimienl calculation on detailed budgets and focecarf calculations, which lire prepared separately for cadi of llie Company''s CGUs to which llie
individual assets are allocated. To estimate cash flow projections beyond pc-rimls covered by llie morf recent budge! ^forecasts, llie Company cxlrajmimes cash flow projections
in the budget using a steely or dec I in mg growth rate for subservient years, unless an increasing rate Can Ik justified. In any Case, this grow lit rale does riot exceed llie long-term
average growth rale for tine products, industries:, or country in which the Company operates, or for the market in which the asset is used.

Impairment losses are recognised in llie Slandxloue Statement of Profit and Loss.

When an impairment loss subserviently reverses, llie canying amount of Hie asset (Or Carfi .generating unit) is increased to the revised erfimate of ils recoverable amount, but so
that the increased carrying amount docs not exceed the carrying amount that would have been determined had no impairment loss is recognised for the asset (or cash generating
unit) in prior years. A reversal of an impairment loss is recognised immediately in the Standalone Statement of Profit and Loss.