Page 281 - Index

Mission-Critical Decisions, Made with Confidence.
Movement in cash flow hedging reserve
Particulars Foreign exchange
(C lakh)
forward contract
As at January 1, 2023 (1,278)
Add: Changes in fair value of effective portion of outstanding forecasted cash flow hedge 1,554
Less: Amounts reclassified to statement of profit or loss 163
Less: Tax relating to above (net) (432)
As at January 1, 2024 7
Add: Changes in fair value of effective portion of outstanding forecasted cash flow hedge (735)
Less: Amounts reclassified to statement of profit or loss (142)
37. The Company uses foreign exchange forward contracts to hedge its exposure in foreign currency risk. Hedge is broadly
classified as revenue hedge and receivable hedge.
Revenue hedge: For forecasted revenue transaction, the Company will adopt cash flow hedge and record mark
to market through OCI. Effective hedge is routed through OCI in the balance sheet and the ineffective portion is
immediately routed through the statement of profit and loss.
Contingent liabilities and capital commitments :
Particulars As at
December 31, 2024
(C lakh)
As at
December 31, 2023
A. Contingent liabilities
Claims against the Company not acknowledged as debts
Disputed income tax, sales tax, service tax and GST demand 60,380 49,778
60,380 49,778
B. Capital commitment
Estimated amount of contracts (net of advances) remaining to be executed on
capital account and not provided for
585 907
Total 60,965 50,685
38. Auditors’ remuneration includes :
Particulars As at
December 31, 2024
(C lakh)
As at
December 31, 2023
Audit fees (including limited review fees) 82 81
In any other matter:
Certification work 9 7
Out of pocket expenses 2 9
Total 93 97
39. Segment reporting
In accordance with Paragraph 4 of Indian Accounting Standard (Ind AS) 108 - Operating Segments, segment information
has been given in the consolidated financial statements of the Company, and therefore, no separate disclosure on
segment Information is given in these standalone financial statements.
One customer for the year ended December 31, 2024 (December 31, 2023: Nil) constituted 10% or more of the the total
revenue of the Company.
Annual Report 2024
279
Financial Statements
Less: Tax relating to above (net) 221
As at December 31, 2024 (649)