I) Provisions, contingent liabilities and contingent assets
Provisions

A provision is recognized if, as a result of a past event,
the Company has a present legal or constructive obligation
that can be estimated reliably, and it is probable that an
outflow of economic benefits will be required to settle
the obligation. If the effect of the time value of money
is material, provisions are determined by discounting the
expected future cash flows at a pre-tax rate that reflects
current market assessments of the time value of money
and the risks specific to the liability. Where discounting is
used, the increase in the provision due to the passage of
time is recognized as a finance cost.

Contingent liabilities

A disclosure for a contingent liability is made when there is
a possible obligation or a present obligation that may, but
probably will not, require an outflow of resources. Where
there is a possible obligation or a present obligation in
respect of which the likelihood of outflow of resources is
remote, no provision or disclosure is made.

Contingent assets

Contingent assets are not recognized 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.

J) Revenue Recognition

Revenue from contracts with customers

Revenue is recognized when the Company substantially
satisfied its performance obligation while transferring a
promised good or service to its customers. The Company
considers the terms of the contract and its customary
business practices to determine the transaction price.
Performance obligations are satisfied at the point of time
when the customer obtains controls of the asset.

Revenue is measured based on transaction price,
which is the fair value of the consideration received or
receivable, stated net of discounts, returns and value
added tax. Transaction price is recognised based on the
price specified in the contract, net of the estimated sales
incentives / discounts. Accumulated experience is used to
estimate and provide for the discounts/ right of return,
using the expected value method.

Other Income

Interest

Interest Income mainly comprises of dividend and interest
on Margin money deposit with banks relating to bank
guarantee. Interest income should be recorded using
the effective interest rate (EIR). However, the amount of
margin money deposits relating to bank guarantee are
purely current in nature, hence effective interest rate
has not been applied. Interest is recognized using the
time-proportion method, based on rates implicit in the
transactions.

Dividend

Dividend income is recognized when the Company's right
to receive dividend is established.

K) Government Grants

Government grants are assistance by government in the
form of transfers of resources to an entity in return for
past or future compliance with certain conditions relating
to the operating activities of the entity. They exclude those
forms of government assistance which cannot reasonably
have a value placed upon them and transactions with
government which cannot be distinguished from the
normal trading transactions of the entity.

Grants related to assets are government grants whose
primary condition is that an entity qualifying for them
should purchase, construct or otherwise acquire long¬
term assets. Subsidiary conditions may also be attached
restricting the type or location of the assets or the periods
during which they are to be acquired or held.

Grants related to income are government grants other
than those related to assets.

A government grant that becomes receivable as
compensation for expenses or losses already incurred or for

the purpose of giving immediate financial support to the
entity with no future related costs shall be recognised in
profit or loss of the period in which it becomes receivable.

Export incentives in the form of RoDTEP scheme and
power subsidy receivable by the company do not fall
under the scope of Ind AS 115 and are accounted for in
accordance with the provisions of Ind AS 20 considering
such incentives as Government Assistance. Accordingly,
government grant relating to Income on account of power
subsidy is recognised on accrual basis in Profit and Loss
statement and export incentive in the form of RoDTEP
scheme will be accounted on cash basis in Profit and Loss
statement.

L) Borrowing Costs

Borrowing costs consist of interest, ancillary and other
costs that the Company incurs in connection with
the borrowing of funds and interest relating to other
financial liabilities. Borrowing cost also include Exchange
differences arising from foreign currency borrowings to
the extent that they are regarded as an adjustment to
interest costs. Borrowing costs directly attributable to the
acquisition, construction or production of an asset that
necessarily takes a substantial period of time to get ready
for its intended use or sale are capitalized as part of the
cost of the asset. All other borrowing costs are expensed
in the period in which they occur.

M) Tax Expenses

Tax expense consists of current and deferred tax.

Current income tax

Current income tax assets and liabilities are measured
at the amount expected to be recovered from or paid
to the taxation authorities. The tax rates and tax laws
used to compute the amount are those that are enacted
or substantively enacted, at the reporting date. Current
income tax relating to items recognised outside the
statement of profit and loss (either in OCI or in equity in
correlation to the underlying transaction). Management
periodically evaluates positions taken in the tax returns
with respect to situations in which applicable tax
regulations are subject to interpretation and establishes
provisions, where appropriate.

Deferred tax

Deferred tax is provided using the liability method on
temporary differences between the tax bases of assets
and liabilities and their carrying amounts for financial
reporting purposes at the reporting date.

Deferred tax liabilities and assets are recognized for all
taxable temporary differences and deductible temporary
differences.

Deferred tax assets are recognised to the extent that it
is probable that taxable profit will be available against
which the deductible temporary differences, and the carry
forward of unused tax credits and unused tax losses can
be utilized.

The carrying amount of deferred tax assets is reviewed
at each reporting date and reduced to the extent that it
is no longer probable that sufficient taxable profit will be
available to allow all or part of the deferred tax asset to
be utilised.

Unrecognised deferred tax assets are re-assessed at each
reporting date and are recognised to the extent that it has
become probable that future taxable profits will allow the
deferred tax asset to be recovered.

Deferred tax assets and liabilities are measured at the tax
rates that are expected to apply in the period when the
asset is realised or the liability is settled, based on tax rates
(and tax laws) that have been enacted or substantively
enacted at the reporting date.

Deferred tax relating to items recognised outside the
statement of profit and loss is (either in OCI or in equity
in correlation to the underlying transaction).

Deferred tax assets and deferred tax liabilities are offset
if a legally enforceable right exists to set off current tax
assets against current tax liabilities and the deferred taxes
relate to the same taxable entity and the same taxation
authority.

Minimum alternate tax (MAT) paid in a year is charged
to the statement of profit and loss as current tax for the
year. The deferred tax asset is recognised for MAT credit
available only to the extent that it is probable that the
Company will pay normal income tax during the specified
year, i.e., the year for which MAT credit is allowed to
be carried forward. In the year in which the Company
recognizes MAT credit as an asset, it is created by way of
credit to the statement of profit and loss and shown as
part of deferred tax asset. The Company reviews the "MAT
credit entitlement" asset at each reporting date and writes
down the asset to the extent that it is no longer probable
that it will pay normal tax during the specified period.

Goods and Service Tax (GST) paid on acquisition of assets
or on incurring expenses

When the tax incurred on purchase of assets or services is
not recoverable from the taxation authority, the tax paid
is recognised as part of the cost of acquisition of the asset
or as part of the expense item, as applicable. Otherwise,
expenses and assets are recognized net of the amount of
taxes paid. The net amount of tax recoverable from, or
payable to, the taxation authority is included as part of
receivables or payables in the balance sheet.

N) Leases

The Company assesses at contract inception whether a
contract is, or contains, a lease. That is, if the contract
conveys the right to control the use of an identified asset
for a period of time in exchange for consideration.

The Company as a lessee

The Company applies a single recognition and measurement
approach for all leases, except for short-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 the underlying assets.

Right-of-use assets

The Company recognises right-of-use assets at the
commencement date of the lease (i.e., the date the
underlying asset is available for use). Right-of-use assets are
measured at cost, less any accumulated depreciation and
impairment losses, and adjusted for any remeasurement of
lease liabilities.

The cost of right-of-use assets includes the amount of
lease liabilities recognised, initial direct costs incurred, and
lease payments made at or before the commencement
date less any lease incentives received.

Right-of-use assets are depreciated on a straight-line
basis over the shorter of the lease term and the estimated
useful lives of the assets. If ownership of the leased asset
transfers to the Company at the end of the lease term
or the cost reflects the exercise of a purchase option,
depreciation is calculated using the estimated useful life
of the asset.

The right-of-use assets are also subject to impairment.
Refer to the accounting policies in section of Impairment
of non-financial assets.

Lease liabilities

At the commencement date of the lease, the Company
recognises lease liabilities measured at the present value
of lease payments to be made over the lease term. The
lease payments include fixed payments (including in¬
substance fixed payments) less any lease incentives
receivable, variable lease payments that depend on an
index or a rate, and amounts expected to be paid under
residual value guarantees. The lease payments also include
the exercise price of a purchase option reasonably certain
to be exercised by the Company and payments of penalties
for terminating the lease, if the lease term reflects the
Variable lease payments that do not depend on an index or
a rate are recognised as expenses (unless they are incurred
to produce inventories) in the period in which the event or
condition that triggers the payment occurs.

In calculating the present value of lease payments, the
Company uses its incremental borrowing rate at the
lease commencement date because the interest rate
implicit in the lease is not readily determinable. After the
commencement date, the amount of lease liabilities is
increased to reflect the accretion of interest and reduced
for the lease payments made. In addition, the carrying
amount of lease liabilities is remeasured if there is a
modification, a change in the lease term, a change in the
lease payments (e.g., changes to future payments resulting
from a change in an index or rate used to determine such
lease payments) or a change in the assessment of an
option to purchase the underlying asset. The Company's
lease liabilities are included in Borrowings.

Short-term leases and leases of low-value assets

The Company applies the short-term lease recognition
exemption to its short-term leases (i.e., those leases
that have a lease term of 12 months or less from the
commencement date and do not contain a purchase
option). It also applies the lease of low-value assets
recognition exemption to leases that are considered to be
of low value. Lease payments on short-term leases and
leases of low-value assets are recognised as expense on a
straight-line basis over the lease term.

O) Earnings Per Share
Basic earnings per share

Basic earnings per share is 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.

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) that have changed
the number of equity shares outstanding, without a
corresponding change in resources.

Diluted earnings per share

Diluted earnings per share is computed by dividing the
profit (considered in determination of basic earnings per
share) after considering the effect of interest and other
financing costs or income (net of attributable taxes)
associated with dilutive potential equity shares by the
weighted average number of equity shares considered
for deriving basic earnings per share adjusted for the
weighted average number of equity shares that would
have been issued upon conversion of all dilutive potential
equity shares.

P) Trade receivables

Trade receivables are initially recognized at fair value and
subsequently measured at amortised cost using effective
interest method, less provision for impairment, if any.

Q) Trade and other payables

These amounts represent liabilities for goods and services
provided to the Company prior to the end of the financial
year which are unpaid. The amounts are unsecured and
are presented as current liabilities unless payment is not
due within twelve months after the reporting period. They
are recognized initially at fair value and subsequently
measured at amortized cost using the effective interest
method.

R) Segment Reporting

The operations of the Company primarily relate to a single
business segment - Coffee and Coffee-related products.
The Company also has an FMCG Products Division,
which encompasses packaged food and beverage items.
However, in accordance with the requirements of Indian
Accounting Standard (Ind AS) 108 - Operating Segments,
the FMCG Products Division does not meet the prescribed
quantitative thresholds for separate reporting as a
distinct segment. As a result, the segmental reporting is
not applicable to the Company and hence the segment-
wise financial information has not been presented in the
financial statements.

S) Determination of fair values

The Company's accounting policies and disclosures require
the determination of fair value, for certain financial and
non-financial assets and liabilities. Fair values have been
determined for measurement and/or disclosure purposes
based on the following methods. When applicable, further
information about the assumptions made in determining
fair values is disclosed in the notes specific to that asset or
liability. A fair value measurement of a non-financial asset
takes into account a market participant's ability to generate
economic benefits by using the asset in its highest and
best use or by selling it to another market participant that
would use the asset in its highest and best use.

i. Property, plant and equipment

Property, plant and equipment, if acquired in a business
combination or through an exchange of non-monetary
assets, is measured at fair value on the acquisition
date. For this purpose, fair value is based on appraised
market values and replacement cost.

ii. Intangible assets

The fair value of brands, technology related intangibles,
and patents and trademarks acquired in a business
combination is based on the discounted estimated
royalty payments that have been avoided as a result of
these brands, technology related intangibles, patents
or trademarks being owned (the "relief of royalty
method"). The fair value of customer related, product
related and other intangibles acquired in a business
combination has been determined using the multi¬
period excess earnings method after deduction of a
fair return on other assets that are part of creating the
related cash flows.

iii. Inventories

The fair value of inventories acquired in a business
combination is determined based on its estimated
selling price in the ordinary course of business less
the estimated costs of completion and sale, and a
reasonable profit margin based on the effort required
to complete and sell the inventories.

iv. Investments in equity and debt securities and units of
mutual funds

The fair value of marketable equity and debt securities
is determined by reference to their quoted market price
at the reporting date. For debt securities where quoted
market prices are not available, fair value is determined
using pricing techniques such as discounted cash flow
analysis.

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.

v. Derivatives

The fair value of foreign exchange forward contracts is
estimated by discounting the difference between the
contractual forward price and the current forward price
for the residual maturity of the contract using a risk¬
free interest rate (based on government bonds). The
fair value of foreign currency option and swap contracts
and interest rate swap contracts is determined based
on the appropriate valuation techniques, considering
the terms of the contract.

vi. Non-derivative financial liabilities

Fair value, which is determined for disclosure
purposes, is calculated based on the present value of
future principal and interest cash flows, discounted at
the market rate of interest at the reporting date. For
finance leases the market rate of interest is determined

by reference to similar lease agreements. In respect of
the Company's borrowings that have floating rates of
interest, their fair value approximates carrying value.

T) New standards adopted by the Company

Ind AS 1 - Presentation of Restated financial information

The amendments require companies to disclose their
material accounting policies rather than their significant
accounting policies. Accounting policy information,
together with other information, is material when it can
reasonably be expected to influence decisions of primary
users of general purpose financial statements. The
Company does not expect this amendment to have any
significant impact in its standalone financial statement.

Ind AS 12 - Income Taxes

The amendments clarify how companies account
for deferred tax on transactions such as leases and
decommissioning obligations. The amendments narrowed
the scope of the recognition exemption in paragraphs 15
and 24 of Ind AS 12 (recognition exemption) so that it no
longer applies to transactions that, on initial recognition,
give rise to equal taxable and deductible temporary
differences. The Company does not expect this amendment
to have any significant impact in its standalone financial
statements.

Ind AS 8 - Accounting Policies, Changes in Accounting
Estimates and Errors

The amendments will help entities to distinguish between
accounting policies and accounting estimates. The
definition of a change in accounting estimates has been
replaced with a definition of accounting estimates. Under
the new definition, accounting estimates are "monetary
amounts in financial statements that are subject to
measurement uncertainty". Entities develop accounting
estimates if accounting policies require items in Restated
financial information to be measured in a way that involves
measurement uncertainty. The Company does not expect
this amendment to have any significant impact in its
standalone financial statements.

U) New Accounting pronouncements

Ministry of Corporate Affairs ("MCA") notifies new
standards or amendments to the existing standards under
Companies (Indian Accounting Standards) Rules as issued
from time to time. For the year ended March 31, 2025,
MCA has not notified any new standards or amendments
to the existing standards applicable to the Company.

Note:

1. The Company has created the mortgage over its land in favour of the bank towards the Funding availed by subsidiary company
which aggregate to ' 32,000.00 lakhs (March 31, 2024 is ' 32,000.00 lakhs).

2. The Company has given the undertaking to ensure that the subsidiary company meets its Outstanding Debt Obligations to
the Bank as stipulated in the Financing documents to the extent of ' 32,000.00 lakhs.

3. The same are subject to uncertain future events not wholly within the control of the Company. The Management does not
expect the same to have materially adverse effect on its financial position, as it believes the likely hood of any loss is not
probable.

2.28 Leases

Leases as lessee

The Company has lease arrangements for its office premises located at various locations with-in India. These leases have original
terms for a period between 2-10 periods with renewal option at the discretion of lessee. There are no residual value guarantees
provided to the third parties.

2.31 Segment information

The operations of the Company primarily relate to a single business segment - Coffee and Coffee-related products. The Company
also has an FMCG Products Division, which encompasses packaged food and beverage items. However, in accordance with
the requirements of Indian Accounting Standard (Ind AS) 108 - Operating Segments, the FMCG Products Division does not
meet the prescribed quantitative thresholds for separate reporting as a distinct segment. As a result, the segmental reporting
is not applicable to the Company and hence the segment-wise financial information has not been presented in the financial
statements.

2.32 Categories of Financial instruments and their fair values

The carrying amount of all financial assets and financial liabilities appearing in the financial statements are reasonable
approximation of their fair values.

The fair value of the financial assets and financial liabilities are included at an amount at which the instruments could be
exchanged in a current transaction between the willing parties, other than in a forced or liquidation sale.

2.33 Financial risk management objectives and policies

Financial Risk Management Framework

The Company is exposed to financial risks arising from its operations and the use of financial instruments. The key financial
risks include credit risk, market risk and liquidity risk. The Company's risk management policies are established to identify and
analyse the risks faced by the Company and seek to, where appropriate, minimize potential impact of the risk and to control
and monitor such risks. There has been no change to the Company's exposure to these financial risks or the manner in which
it manages and measures the risks.

The following sections provide details regarding the Company's exposure to the financial risks associated with financial
instruments held in the ordinary course of business and the objectives, policies and processes for management of these risks.

(i) Credit risk

Financial assets that are neither past due nor impaired

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract, leading
to a financial loss. Credit risk encompasses of both, the direct risk of default and the risk of deterioration of creditworthiness
as well as concentration of risks. Credit risk arises primarily from financial assets such as trade receivables, balances with
banks and loan and other receivables.

Credit risk is controlled by analysing credit limits and creditworthiness of customers on a continuous basis to whom the credit
has been granted after obtaining necessary approvals for credit. Financial instruments that are subject to concentrations of
credit risk principally consist of trade receivables, cash and bank balances and loans. None of the financial instruments of
the Company result in material concentration of credit risk.

Exposure to credit risk

At the end of the reporting period, the Company's maximum exposure to credit risk is represented by the carrying amount
of each class of financial assets recognised in the statement of financial position. No other financial assets carry a significant
exposure to credit risk.

None of the Company's cash equivalents, loans and other financial assets were either past due or impaired as at the
respective reporting period. The Company has diversified its portfolio of investment in cash and cash equivalents and term
deposits with various banks which have secure credit ratings, hence the risk is reduced. Loans given to related parties and
others are tested for impairment where there is an indicator and the assessed credit risk associated with such loans is
relatively low. Other financial assets represent security deposits given to lessors and other assets. Credit risk associated with
such deposits and other assets is relatively low.

Liquidity risk refers to the risk that the Company cannot meet its financial obligations. The objective of liquidity risk
management is to maintain sufficient liquidity and ensure that funds are available for use as per requirements. The Company
manages liquidity risk by maintaining cash and cash equivalents and the cash flows generated from operations.

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

Ind AS requires expected credit losses to be measured through a loss allowance. The Company assesses at each balance
sheet date whether a financial asset or a group of financial assets are impaired. Expected credit losses are measured at
an amount equal to the 12 month expected credit losses or at an amount equal to the life time expected credit losses if
the credit risk on the financial asset has increased significantly since initial recognition. The Company has used a practical
expedient by computing the expected credit loss allowance for trade receivables based on a provision matrix if they past
due. The provision matrix takes into account historical credit loss experience and is adjusted for forward-looking information.

(iii) Market risk:

Market risk is the risk that changes in market prices, such as foreign exchange rates and interest rates will affect the
Company's income. Market risk is attributable to all market risk sensitive financial instruments including foreign currency
receivables and payables. The objective of market risk management is to manage and control market risk exposures within
acceptable parameters, while optimising the return.

(a) Foreign currency risk:

Foreign currency risk is the risk that the value of a financial instrument will fluctuate due to changes in foreign exchange
rates. The majority of Company's revenue is generated in foreign currencies (primarily in United States Dollars), while a
significant portion of its costs are in Indian rupees. As a result, as the rupee appreciates or depreciates against foreign
currencies, the results of the entity's operations are impacted. The Company does not use financial derivatives such as
foreign currency forward contracts.

Significant unhedged foreign currency risk exposure relating to financial assets and financial liabilities expressed in ' terms
are as follows:

(b) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of the Company and the Company's financial instruments
will fluctuate because of changes in market interest rates. The Company's exposure to interest rate risk relates primarily to
the floating interest rate borrowings. The Company's investment in deposits with banks and loans are fixed interest rates
and therefore do not expose the Company to significant interest rate risk.

The Company's exposure to changes in interest rates relates primarily to the Company's outstanding floating rate borrowings.
The exposure of the Company to variable rate borrowings at the end of the reporting period are as follows:

Interest rate sensitivity

The Company noted that any reasonably possible change in interest rates on the variable rate instruments will not have any
material impact on the Company's profit after tax and its equity.

(c) Price risk

The fair value of some of the Company's investments measured at fair value through other comprehensive income exposes
the Company to equity price risks. These investments are subject to changes in the market price of securities. The Company
periodically monitors the sectors it has invested in, performance of the investee companies, measures mark- to- market
gains/losses and reviews the same to manage the price risk.

Capital includes equity capital and all reserves attributable to the equity holders of the Company. The primary objective of the
capital management is to ensure that it maintain an efficient capital structure and healthy capital ratios in order to support its
business and maximise shareholder's value. The Company manages its capital structure and make adjustments to it, in light of
changes in economic conditions or its business requirements. To maintain or adjust the capital structure, the Company may
adjust the dividend payment to shareholders return capital to shareholders or issue new shares.

The Company monitors capital using a debt to capital employed ratio which is debt divided by total capital plus debt. The
Company's policy is to keep this ratio at an optimal level.

2.36 Additional disclosures

(i) No proceedings have been initiated on or are pending against the Company for holding benami property under the Benami
Transactions Prohibition) Act, 1988 (45 of 1988) and Rules made thereunder.

(ii) The Company have not been declared wilful defaulter by any bank or financial institution or government or any government
authority.

(iii) No transactions are carried out with companies struck off under Section 248 of the Act or Section 560 of Companies Act,
1956.

(iv) The Company has complied with the number of layers prescribed under the Companies Act, 2013.

(v) There is no income surrendered or disclosed as income during the current or previous year in the tax assessments under the
Income Tax Act, 1961, that has not been recorded in the books of account.

(vi) The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.

(vii) 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:

(a) 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

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

(viii) 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:

(a) 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

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

(ix) There are no charges or satisfaction which are yet to be registered with the registrar of companies beyond the statutory
period.

(x) Previous period's figures have been regrouped / rearranged, to the extent necessary, to conform to current period's
classifications. All the numbers have been rounded of to nearest lakhs.

2.37 The Ministry of Corporate Affairs (MCA) has prescribed a new requirement for companies under the proviso to Rule
3(1) of the Companies (Accounts) Rules, 2014 inserted by the Companies (Accounts) Amendment Rules 2021 requiring
companies, which uses accounting software for maintaining its books of account, shall use only such accounting software
which has a feature of recording audit trail of each and every transaction, creating an edit log of each change made in the
books of account along with the date when such changes were made and ensuring that the audit trail cannot be disabled.

The Company, in respect of financial year commencing on 1 April 2023 has used an accounting software for maintaining
its books of account which has a feature of recording audit trail (edit log). Audit trail (edit log) is enabled at the application
level, and the Company's users have access to perform transactions only from the application level.

CCL Employee Stock Option Scheme, 2022 (CCL ESOP 2022 Plan):

The Company instituted the CCL ESOP 2022 Plan for eligible employees pursuant to the special resolution approved by the
shareholders in the Annual General Meeting held on August 30, 2022. The CCL ESOP 2022 Plan covers eligible employees
(excluding promoter directors) of the parent company and its subsidiaries (collectively, "eligible employees").

The Compensation Committee of the Board (the "Committee") administers the CCL ESOP 2022 Plan and grants stock options
to eligible employees. The Committee determines which eligible employees will receive options, the number of options to be
granted, the exercise price, the vesting period and the exercise period. The vesting period is determined for all options issued
on the date of grant. The options issued under the CCL ESOP 2022 Plan vest in periods ranging between one and four years
subject to a maximum period of five years from the date of grant of such options.

The Company has established CCL Employee Stock Option Scheme, 2022 (CCL ESOP 2022 Plan) with 5,00,000 equity shares.
The exercise price of the options is ' 2 per share. The fair value of the share options is estimated at the grant date using
Black-Scholes Method, taking into account the terms and conditions upon which the share options were granted. However, the
above performance condition is only considered in determining the number of instruments that will ultimately vest.

The carrying amount of the liability at 31 March 2025 was ' 2,273.19 lakhs (31 March 2024: ' 1,685.47 lakhs).

During the year a reserve was made towards outstanding of ESOPs and Share based payment expenses for the year ended 31
March 2025 of ' 2,273.19 lakhs (31 March 2024 - ' 1,685.47 lakhs).

The Weighted average grant date fair value of the options granted during the years ended 31 March 2025 was ' 616.03 per
option, 31 March 2024 was ' 548.06 per option.

The following tables list the inputs to the models used for the three plans for the years ended 31 March 2025 and
31 March 2024, respectively:

This is the notes to standalone financial statements referred to in our report of even date.

For and on behalf of the Board of Directors of
For Ramanatham & Rao CCL Products (India) Limited

Chartered Accountants CIN No :L15110AP1961PLC000874

Firm Registration No.002934S

Sd/- Sd/- Sd/-

V V Lakshmi Prasanna A Challa Srishant Challa Rajendra Prasad

Partner Managing Director Executive Chairman

M.No.243569 DIN : 00016035 DIN : 00702292

Sd/- Sd/- Sd/-

Chaitanya Agasthyaraju Praveen Jaipuriar Sridevi Dasari

Place : Hyderabad Chief Financial Officer Chief Executive Officer Compnay Secretary

Date : May 5, 2025 M.No.217695 M.No.A29897