BUNDL TECHNOLOGIES PRIVATE LIMITED

Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[700300] Disclosure of general information about company

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
BUNDL TECHNOLOGIES
Name of company PRIVATE LIMITED
Corporate identity number U74110KA2013PTC096530
Permanent account number of entity AAFCB7707D
No.55 Sy No.8-14, Ground
Floor, I&J Block, Embassy
, Tech Village, Outer Ring
Address of registered office of company Road, Devarbisanahalli
, Bengaluru , KARNATAKA
, INDIA - 560103
Commercial and
Type of industry Industrial
Date of start of reporting period 01/04/2021 01/04/2020
Date of end of reporting period 31/03/2022 31/03/2021
Nature of report standalone consolidated Consolidated
Content of report Financial Statements
Description of presentation currency INR
Level of rounding used in financial statements Millions
Type of cash flow statement Indirect Method

[700400] Disclosures - Auditors report

Details regarding auditors [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Auditors [Axis] 1
01/04/2021
to
31/03/2022
Details regarding auditors [Abstract]
Details regarding auditors [LineItems]
Category of auditor Auditors firm
BSR & Associates
Name of audit firm LLP
KEJRIWAL
Name of auditor signing report PAWAN KUMAR
Firms registration number of audit firm 116231W/W-100024
Membership number of auditor 064368
Embassy Golf Links
Business Park,
Pebble Beach, B
Address of auditors Block, 3rd Floor, Off
Intermediate Ring
Road,Bangaluru-560
071 India
Permanent account number of auditor or auditor's firm AADFB6889R
SRN of form ADT-1 R82818360
Date of signing audit report by auditors 07/11/2022
Date of signing of balance sheet by auditors 07/11/2022

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021
to
31/03/2022
Textual information (1)
Disclosure in auditor’s report explanatory [TextBlock] [See below]
Whether companies auditors report order is applicable on company No
Whether auditors' report has been qualified or has any reservations or
No
contains adverse remarks
Auditor's qualification(s), reservation(s) or adverse remark(s) in
NA
auditors' report
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Textual information (1)

Disclosure in auditor’s report explanatory [Text Block]

Independent Auditor’s Report
To the Members of Bundl Technologies Private Limited
Report on the Audit of the Consolidated Financial Statements

Opinion

We have audited the consolidated financial statements of Bundl Technologies Private Limited (hereinafter referred to as the “Holding
Company”) and its subsidiaries (Holding Company and its subsidiaries together referred to as “the Group”) and its associate, which comprise
the consolidated balance sheet as at 31 March 2022, and the consolidated statement of profit and loss (including other comprehensive
income), consolidated statement of changes in equity and consolidated statement of cash flows for the year then ended, and notes to the
consolidated financial statements, including a summary of significant accounting policies and other explanatory information (hereinafter
referred to as “the consolidated financial statements”).
In our opinion and to the best of our information and according to the explanations given to us, the aforesaid consolidated financial
statements give the information required by the Companies Act, 2013 (“Act”) in the manner so required and give a true and fair view in
conformity with the accounting principles generally accepted in India, of the consolidated state of affairs of the Group and its associate, as at
31 March 2022, of its consolidated loss and other comprehensive income, consolidated changes in equity and consolidated cash flows for the
year then ended.

Basis for opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Act. Our responsibilities
under those SAs are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements section of our
report. We are independent of the Group and its associate, in accordance with the ethical requirements that are relevant to our audit of the
consolidated financial statements in terms of the Code of Ethics issued by the Institute of Chartered Accountants of India and the relevant
provisions of the Act, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the consolidated financial statements.

Emphasis of matter

a) We draw attention to Note 14 (g) to the consolidated financial statements which indicates that the comparative information presented as at
and for the year ended March 31, 2021 has been restated. Our opinion is not modified in respect of this matter.

Other information

The Holding Company’s Management and Board of Directors are responsible for the other information. The other information comprises the
information included in the Holding Company’s directors' report, but does not include the consolidated financial statements and our auditor’s
report thereon.
Our opinion on the consolidated financial statements does not cover the other information and we do not express any form of assurance
conclusion thereon.
In connection with our audit of the consolidated financial statements, our responsibility is to read the other information and, in doing so,
consider whether the other information is materially inconsistent with the consolidated financial statements or our knowledge obtained in the
audit or otherwise appears to be materially misstated. If, based on the work we have performed and based on the work done, we conclude that
there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Managements and board of directors’ responsibilities for the consolidated financial statement

The Holding Company’s Management and Board of Directors are responsible for the preparation and presentation of these consolidated
financial statements in term of the requirements of the Act that give a true and fair view of the consolidated state of affairs, consolidated
profit/ loss and other comprehensive income, consolidated statement of changes in equity and consolidated cash flows of the Group including
its associate in accordance with the accounting principles generally accepted in India, including the Indian Accounting Standards (Ind AS)
specified under Section 133 of the Act. The respective Management and Board of Directors of the companies included in the group and of its
associate are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the
assets of each company and for preventing and detecting frauds and other irregularities; the selection and application of appropriate
accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of
adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records,
relevant to the preparation and presentation of the consolidated financial statements that give a true and fair view and are free from material
misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial statements by
the Management and Board of Directors of the Holding Company, as aforesaid.
In preparing the consolidated financial statements, the respective Management and Board of Directors of the companies included in the
Group and of its associate are responsible for assessing the ability of each company to continue as a going concern, disclosing, as applicable,
matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to
liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group and of its associate are responsible for overseeing the financial
reporting process of each company.

Auditors responsibilities for the audit of the consolidated financial statement

Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material

2
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of
assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these consolidated financial statements.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit.
We also:
• Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and
perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our
opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may
involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the
circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate
internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by
the Management and Board of Directors.
• Conclude on the appropriateness of the Management and Board of Directors use of the going concern basis of accounting in preparation of
consolidated financial statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or
conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists, we are
required to draw attention in our auditor’s report to the related disclosures in the consolidated financial statements or, if such disclosures are
inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However,
future events or conditions may cause the Group and its associate to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the
consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance of the Holding Company and such other entities included in the consolidated financial
statements of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and
significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding
independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our
independence, and where applicable, related safeguards.

Other matter

a. The consolidated financial statements include the Group’s share of net loss (and other comprehensive income) of Rs. 10 million for the
year ended 31 March 2022, as considered in the consolidated financial statements, in respect of one associate, whose financial
statement/financial information have not been audited by us or by other auditors. These unaudited financial statements/ financial information
have been furnished to us by the Management and our opinion on the consolidated financial statements, in so far as it relates to the amounts
and disclosures included in respect of this associate, and our report in terms of sub-section (3) of Section 143 of the Act in so far as it relates
to the aforesaid associate, is based solely on such unaudited financial statements/ financial information. In our opinion and according to the
information and explanations given to us by the Management, these financial statements/financial information are not material to the Group.
Our opinion on the consolidated financial statements, and our report on Other Legal and Regulatory Requirements below, is not modified in
respect of the above matter with respect to the financial statements/financial information certified by the Management.

Report on other legal and regulatory requirements

1. As required by the Companies (Auditor’s Report) Order, 2020 (“the Order”) issued by the Central Government of India in terms of Section
143(11) of the Act, we give in the “Annexure A” a statement on the matters specified in paragraphs 3 and 4 of the Order, to the extent
applicable.
2 A. As required by Section 143(3) of the Act, we report, to the extent applicable, that:
a. We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the
purposes of our audit of the aforesaid consolidated financial statements.
b. In our opinion, proper books of account as required by law relating to preparation of the aforesaid consolidated financial statements have
been kept so far as it appears from our examination of those books and the reports of the other auditors.
c. The consolidated balance sheet, the consolidated statement of profit and loss (including other comprehensive income), the consolidated
statement of changes in equity and the consolidated statement of cash flows dealt with by this Report are in agreement with the relevant
books of account maintained for the purpose of preparation of the consolidated financial statements.
d. In our opinion, the aforesaid consolidated financial statements comply with the Ind AS specified under Section 133 of the Act.
e. On the basis of the written representations received from the directors of the Holding Company as on 31 March 2022 taken on record by
the Board of Directors of the Holding Company and on the basis of written representations received by the management from directors of its
subsidiaries which are incorporated in India, as on 31 March 2022, none of the directors of the Group companies incorporated in India is
disqualified as on 31 March 2022 from being appointed as a director in terms of Section 164(2) of the Act.
f. With respect to the adequacy of the internal financial controls with reference to financial statements of the Holding Company and its
subsidiary companies and the operating effectiveness of such controls, refer to our separate Report in “Annexure B”.
B. With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and
Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:
a. The consolidated financial statements disclose the impact of pending litigations as at 31 March 2022 on the consolidated financial position
of the Group and its associate. Refer Note 34 (b) to the consolidated financial statements.
b. The Group and its associate did not have any material foreseeable losses on long-term contracts including derivative contracts during the
year ended 31 March 2022.
c. There are no amounts which are required to be transferred to the Investor Education and Protection Fund by the Holding Company or its
subsidiary companies or its associate company incorporated in India during the year ended 31 March 2022.
d (i) The management has represented that, to the best of it’s knowledge and belief, no funds have been advanced or loaned or invested
(either from borrowed funds or share premium or any other sources or kind of funds) by the Holding Company or its subsidiary companies or
its associate to or in any other persons or entities, including foreign entities (“Intermediaries”), with the understanding, whether recorded in
writing or otherwise, 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 Holding

3
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Company or its subsidiary companies or its associate (“Ultimate Beneficiaries”) or

• provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
(ii) The management has represented that, to the best of it’s knowledge and belief, no funds have been received by the Holding Company or
its subsidiary companies or its associate from any persons or entities, including foreign entities (“Funding Parties”), with the understanding,
whether recorded in writing or otherwise, that the Holding Company or its subsidiary companies or its associate shall:
• directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Parties
(“Ultimate Beneficiaries”) or
• provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.
(iii) Based on the audit procedures performed that have been considered reasonable and appropriate in the circumstances, nothing has come
to our notice that has caused us to believe that the representations under sub-clause (i) and (ii) above contain any material misstatement.

e. The Holding Company, its subsidiary companies and its associate company have neither declared nor paid any dividend during the year.

C. With respect to the matter to be included in the Auditor's report under section 197(16):
In our opinion and according to the information and explanations given to us and as referred to in 'Other Matters' paragraph above, the
holding company, its subsidiary companies and its associate company are private limited companies and accordingly the provisions of
Section 197 of the Act are not applicable to the Group and its associate.

For B S R & Associates LLP

Chartered Accountants
Firm’s Registration No.:116231W/W-100024
Sd/-
Pawan Kejriwal
Partner
Place: Bangalore Membership No.: 064368
Date: 07 November 2022 ICAI UDIN:22064368BCJCRW1462

Annexure A to the Independent Auditor’s Report on the Consolidated Financial Statements of Bundl Technologies Private Limited for the
year ended 31 March 2022
(Referred to in paragraph 1 under ‘Report on Other Legal and Regulatory Requirements’ section of our report of even date)

(xxi) In our opinion and according to the information and explanations given to us, there are no qualifications or adverse remarks by the
respective auditors in the Companies (Auditor’s Report) Order, 2020 reports of the companies incorporated in India and included in the
consolidated financial statements.

For B S R & Associates LLP

Chartered Accountants
Firm’s Registration No.:116231W/W-100024
Sd/-
Pawan Kejriwal
Partner
Place: Bangalore Membership No.: 064368
Date: 07 November 2022 ICAI UDIN:22064368BCJCRW1462

Annexure B to the Independent Auditor’s Report on the consolidated financial statements of Bundl Technologies Private Limited for the year
ended 31 March 2022

Report on the internal financial controls with reference to the aforesaid consolidated financial statements under Clause (i) of Sub-section 3 of
Section 143 of the Act

(Referred to in paragraph 2(A)(f) under ‘Report on Other Legal and Regulatory Requirements’ section of our report of even date)

In conjunction with our audit of the consolidated financial statements of Bundl Technologies Private Limited (hereinafter referred to as “the
Holding Company”) as of and for the year ended 31 March 2022, we have audited the internal financial controls with reference to financial
statements of the Holding Company and such companies incorporated in India under the Companies Act, 2013 which are its subsidiary
companies, as of that date.

Management’s and Board of Directors’ Responsibilities for Internal Financial Controls

The respective Company's Management and the Board of Directors are responsible for establishing and maintaining internal financial
controls based on the internal financial controls with reference to financial statements criteria established by the respective company
considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial
Reporting issued by the Institute of Chartered Accountants of India (the “Guidance Note”). These responsibilities include the design,
implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient
conduct of its business, including adherence to the respective company's policies, the safeguarding of its assets, the prevention and detection
of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as
required under the Act.

Our responsibility is to express an opinion on the internal financial controls with reference to financial statements based on our audit. We
conducted our audit in accordance with the Guidance Note and the Standards on Auditing, prescribed under Section 143(10) of the Act, to the

4
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

extent applicable to an audit of internal financial controls with reference to financial statements. Those Standards and the Guidance Note
require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate
internal financial controls with reference to financial statements were established and maintained and if such controls operated effectively in
all material respects.

Auditor’s Responsibility

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls with reference to
financial statements and their operating effectiveness. Our audit of internal financial controls with reference to financial statements included
obtaining an understanding of internal financial controls with reference to financial statements, assessing the risk that a material weakness
exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures
selected depend on the auditor’s judgement, including the assessment of the risks of material misstatement of the consolidated financial
statements, whether due to fraud or error.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the internal
financial controls with reference to financial statements.

Meaning of Internal Financial Controls with Reference to Financial Statements

A company's internal financial controls with reference to financial statements is a process designed to provide reasonable assurance regarding
the reliability of financial reporting and the preparation of consolidated financial statements for external purposes in accordance with
generally accepted accounting principles. A company's internal financial controls with reference to financial statements include those policies
and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and
dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation
of consolidated financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the
company are being made only in accordance with authorisations of management and directors of the company; and (3) provide reasonable
assurance regarding prevention or timely detection of unauthorised acquisition, use, or disposition of the company's assets that could have a
material effect on the consolidated financial statements.

Inherent Limitations of Internal Financial Controls with reference to Financial Statements

Because of the inherent limitations of internal financial controls with reference to financial statements, including the possibility of collusion
or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections
of any evaluation of the internal financial controls with reference to financial statements to future periods are subject to the risk that the
internal financial controls with reference to financial statements may become inadequate because of changes in conditions, or that the degree
of compliance with the policies or procedures may deteriorate.

Opinion

In our opinion, the Holding Company and such companies incorporated in India which are its subsidiary companies, have, in all material
respects, adequate internal financial controls with reference to financial statements and such internal financial controls were operating
effectively as at 31 March 2022, based on the internal financial controls with reference to financial statements criteria established by such
companies considering the essential components of such internal controls stated in the Guidance Note.

For B S R & Associates LLP

Chartered Accountants
Firm’s Registration No.:116231W/W-100024
Sd/-
Pawan Kejriwal
Partner
Place: Bangalore Membership No.: 064368
Date: 07 November 2022 ICAI UDIN:22064368BCJCRW1462

5
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[110000] Balance sheet

Unless otherwise specified, all monetary values are in Millions of INR
31/03/2022 31/03/2021 31/03/2020
Balance sheet [Abstract]
Assets [Abstract]
Non-current assets [Abstract]
Property, plant and equipment 7,738 5,727 11,516
Goodwill 109 1,226
Other intangible assets 163 514 574
Non-current financial assets [Abstract]
Non-current investments 12,800 176
Loans, non-current 0 0
Other non-current financial assets 573 307
Total non-current financial assets 13,373 483

Other non-current assets (A) 1,338 (B) 943

Total non-current assets 22,721 8,893
Current assets [Abstract]
Inventories 177 160
Current financial assets [Abstract]
Current investments 90,680 9,077
Trade receivables, current 11,119 1,654
Cash and cash equivalents 10,961 5,225
Bank balance other than cash and cash equivalents 77 1,800
Loans, current 0 0
Other current financial assets 3,199 865
Total current financial assets 116,036 18,621
Other current assets 5,123 1,477
Total current assets 121,336 20,258
Total assets 144,057 29,151
Equity and liabilities [Abstract]
Equity [Abstract]
Equity attributable to owners of parent [Abstract]
Equity share capital 155,633.989504 8.951542 8.81328
Other equity -32,965 17,365
Total equity attributable to owners of parent 122,668.99 17,373.95
Non controlling interest 0 0
Total equity 122,668.99 17,373.95
Liabilities [Abstract]
Non-current liabilities [Abstract]
Non-current financial liabilities [Abstract]
Borrowings, non-current 0 665
Other non-current financial liabilities 186 0
Total non-current financial liabilities 186 665
Provisions, non-current 277 184

Other non-current liabilities (C) 4,087 (D) 3,897

Total non-current liabilities 4,550 4,746
Current liabilities [Abstract]
Current financial liabilities [Abstract]
Borrowings, current 0 253
Trade payables, current 9,561.01 3,477.05
Other current financial liabilities 3,827 877
Total current financial liabilities 13,388.01 4,607.05

Other current liabilities (E) 2,844 (F) 1,985

Provisions, current 606 439
Total current liabilities 16,838.01 7,031.05
Total liabilities 21,388.01 11,777.05
Total equity and liabilities 144,057 29,151

6
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Footnotes
(A) Income tax assets - Tax deducted at source : 1092 Other non-current assets : 246
(B) Income tax assets - Tax deducted at source : 484 Other non-current assets : 459
(C) Lease liabilities : 4087
(D) Lease liabilities : 3897
(E) Lease liabilities : 995 Contract liabilities : 227 Other current liabilities : 1622
(F) Lease liabilities : 885 Contract liabilities : 49 Other current liabilities : 1051

[210000] Statement of profit and loss

Earnings per share [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of equity share capital [Axis] Equity shares [Member] Equity shares 1 [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Statement of profit and loss [Abstract]
Earnings per share [Abstract]
Earnings per share [Line items]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from
[INR/shares] -221 [INR/shares] -99 [INR/shares] -221 [INR/shares] -99
continuing operations
Total basic earnings (loss) per share [INR/shares] -221 [INR/shares] -99 [INR/shares] -221 [INR/shares] -99
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from
[INR/shares] -221 [INR/shares] -99 [INR/shares] -221 [INR/shares] -99
continuing operations
Total diluted earnings (loss) per share [INR/shares] -221 [INR/shares] -99 [INR/shares] -221 [INR/shares] -99

7
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Statement of profit and loss [Abstract]
Income [Abstract]
Revenue from operations 57,049 25,469
Other income 4,149 1,290
Total income 61,198 26,759
Expenses [Abstract]
Cost of materials consumed 511 379
Purchases of stock-in-trade 22,245 5,266
Changes in inventories of finished goods, work-in-progress and
-75 56
stock-in-trade
Employee benefit expense 17,085 10,853
Finance costs 484 729
Depreciation, depletion and amortisation expense 1,701 2,209
Other expenses 53,794 21,902
Total expenses 95,745 41,394
Profit before exceptional items and tax -34,547 -14,635
Exceptional items before tax -1,732 -1,481
Total profit before tax -36,279 -16,116
Tax expense [Abstract]
Total tax expense 0 0
Total profit (loss) for period from continuing operations -36,279 -16,116
Share of profit (loss) of associates and joint ventures accounted for
-10 -53
using equity method
Total profit (loss) for period -36,289 -16,169
Comprehensive income OCI components presented net of tax [Abstract]
Whether company has other comprehensive income OCI components
No No
presented net of tax
Other comprehensive income net of tax [Abstract]
Components of other comprehensive income that will not be
reclassified to profit or loss, net of tax [Abstract]
Other comprehensive income, net of tax, gains (losses) on
-23 22
remeasurements of defined benefit plans
Total other comprehensive income that will not be reclassified
-23 22
to profit or loss, net of tax
Total other comprehensive income -23 22
Total comprehensive income -36,312 -16,147
Comprehensive income OCI components presented before tax [Abstract]
Whether company has comprehensive income OCI components presented
No No
before tax
Other comprehensive income before tax [Abstract]
Total other comprehensive income -23 22
Total comprehensive income -36,312 -16,147
Earnings per share explanatory [TextBlock]
Earnings per share [Abstract]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from continuing operations [INR/shares] -221 [INR/shares] -99
Total basic earnings (loss) per share [INR/shares] -221 [INR/shares] -99
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from continuing operations [INR/shares] -221 [INR/shares] -99
Total diluted earnings (loss) per share [INR/shares] -221 [INR/shares] -99

8
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[400200] Statement of changes in equity

Statement of changes in equity [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Equity attributable
to the equity
Components of equity [Axis] Equity [Member]
holders of the
parent [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period -36,289 -16,169 -36,289
Total comprehensive income -36,289 -16,169 -36,289
Other changes in equity [Abstract]
Other additions to reserves 153,966 5,715 153,966
Deductions to reserves [Abstract]
Other deductions to reserves 168,007 1,840 168,007
Total deductions to reserves 168,007 1,840 168,007
Total other changes in equity -14,041 3,875 -14,041
Total increase (decrease) in equity -50,330 -12,294 -50,330
Other equity at end of period -32,965 17,365 29,659 -32,965

Statement of changes in equity [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Equity attributable to the equity Share application money pending
Components of equity [Axis]
holders of the parent [Member] allotment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period -16,169 0 0
Total comprehensive income -16,169 0 0
Other changes in equity [Abstract]
Other additions to reserves 5,715 0 0
Deductions to reserves [Abstract]
Other deductions to reserves 1,840 0 (A) 1,567
Total deductions to reserves 1,840 0 1,567
Total other changes in equity 3,875 0 -1,567
Total increase (decrease) in equity -12,294 0 -1,567
Other equity at end of period 17,365 29,659 0 0

(A) Shares allotted during the year

9
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Statement of changes in equity [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Share application
money pending
Components of equity [Axis] Reserves [Member]
allotment
[Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period -36,289 -16,169
Total comprehensive income -36,289 -16,169
Other changes in equity [Abstract]
Other additions to reserves 153,966 5,715
Deductions to reserves [Abstract]
Other deductions to reserves 168,007 273
Total deductions to reserves 168,007 273
Total other changes in equity -14,041 5,442
Total increase (decrease) in equity -50,330 -10,727
Other equity at end of period 1,567 -32,965 17,365 28,092

Statement of changes in equity [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Employee stock
options
Components of equity [Axis] Securities premium reserve [Member]
outstanding
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0 0
Total comprehensive income 0 0 0
Other changes in equity [Abstract]
Other additions to reserves 148,601 (A) 3,446 4,854
Deductions to reserves [Abstract]
Other deductions to reserves 163,815 (B) 25 3,623
Total deductions to reserves 163,815 25 3,623
Total other changes in equity -15,214 3,421 1,231
Total increase (decrease) in equity -15,214 3,421 1,231
Other equity at end of period 189,883 205,097 201,676 5,956

(A) Issue of share capital3,206 Transfer from stock option reserve on exercise and lapse240
(B) Share issue expenses

10
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Statement of changes in equity [Table] ..(5)

Unless otherwise specified, all monetary values are in Millions of INR
Employee stock options outstanding
Components of equity [Axis] Retained earnings [Member]
[Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 -36,289 -16,169
Total comprehensive income 0 -36,289 -16,169
Other changes in equity [Abstract]
Other additions to reserves (A) 2,239 511 30
Deductions to reserves [Abstract]
Other deductions to reserves (B) 248 569 0
Total deductions to reserves 248 569 0
Total other changes in equity 1,991 -58 30
Total increase (decrease) in equity 1,991 -36,347 -16,139
Other equity at end of period 4,725 2,734 -228,804 -192,457

(A) Deferred stock compensation expenses

(B) Transfer from stock option reserve on exercise and lapse

Statement of changes in equity [Table] ..(6)

Unless otherwise specified, all monetary values are in Millions of INR
Retained earnings
Components of equity [Axis] Remeasurements of defined benefit plans [Member]
[Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period 0 0
Total comprehensive income 0 0
Other changes in equity [Abstract]
Other additions to reserves -23 22
Deductions to reserves [Abstract]
Other deductions to reserves 0 0
Total deductions to reserves 0 0
Total other changes in equity -23 22
Total increase (decrease) in equity -23 22
Other equity at end of period -176,318 146 169 147

11
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Statement of changes in equity [Table] ..(7)

Unless otherwise specified, all monetary values are in Millions of INR
Components of equity [Axis] Other retained earning [Member]
01/04/2021 01/04/2020
to to 31/03/2020
31/03/2022 31/03/2021
Other equity [Abstract]
Statement of changes in equity [Line items]
Equity [Abstract]
Changes in equity [Abstract]
Comprehensive income [Abstract]
Profit (loss) for period -36,289 -16,169
Total comprehensive income -36,289 -16,169
Other changes in equity [Abstract]
Other additions to reserves 534 8
Deductions to reserves [Abstract]
Other deductions to reserves 569 0
Total deductions to reserves 569 0
Total other changes in equity -35 8
Total increase (decrease) in equity -36,324 -16,161
Other equity at end of period -228,950 -192,626 -176,465

12
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[320000] Cash flow statement, indirect

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to 31/03/2020
31/03/2022 31/03/2021
Statement of cash flows [Abstract]
Whether cash flow statement is applicable on company Yes Yes
Cash flows from used in operating activities [Abstract]
Profit before tax -36,279 -16,116
Adjustments for reconcile profit (loss) [Abstract]
Adjustments for decrease (increase) in inventories -77 123
Adjustments for decrease (increase) in trade receivables, current -9,567 -477
Adjustments for decrease (increase) in other current assets -3,343 761
Adjustments for other financial assets, current -2,159 -201
Adjustments for increase (decrease) in trade payables, current 6,078 954
Adjustments for increase (decrease) in other current liabilities 571 179
Adjustments for depreciation and amortisation expense 1,701 2,209
Adjustments for provisions, current 237 61
Adjustments for other financial liabilities, current 930 3
Total adjustments for reconcile profit (loss) -5,629 3,612
Net cash flows from (used in) operations -41,908 -12,504
Interest received -628 -291
Income taxes paid (refund) 590 -47

Other inflows (outflows) of cash (A) 4,122

995

Net cash flows from (used in) operating activities -39,004 -11,753
Cash flows from used in investing activities [Abstract]
Proceeds from sales of property, plant and equipment 639 25
Purchase of property, plant and equipment 2,913 -2,575
Proceeds from sales of investment property 118,881 47,147
Purchase of investment property 210,736 37,044
Interest received 205 440

Other inflows (outflows) of cash (B) 2,323

-328

Net cash flows from (used in) investing activities -91,601 12,815
Cash flows from used in financing activities [Abstract]
Proceeds from issuing shares 3 4
Proceeds from issuing other equity instruments 139,055 1,635
Proceeds from borrowings 0 135
Repayments of borrowings 918 105
Interest paid 29 68

Other inflows (outflows) of cash (C) -1,770

-1,464

Net cash flows from (used in) financing activities 136,341 137
Net increase (decrease) in cash and cash equivalents before effect of
5,736 1,199
exchange rate changes
Net increase (decrease) in cash and cash equivalents 5,736 1,199
Cash and cash equivalents cash flow statement at end of period 10,961 5,225 4,026

Footnotes
(A) Fair value gain on financial instruments at fair value through profit or loss (including profit on sale) (2,548) Interest income on
financial assets carried at amortised cost (38) Gain on termination of Leases (246) Impairment loss on property, plant and equipment,
goodwill and other intangibles 1,671 Write-downs of inventories 61 Share based payment expense 5,134 Loss on disposal / write off
of property, plant and equipment 24 Advances/Deposits written off 13 Allowances for doubtful debts 104 Interest on borrowings 25
Interest on lease liabilities 444 Liabilities written back (27) Interest on tax refund (18) Share of loss of associate 10 Profit on sale of
investment in associate (655) Contract liabilities 178
(B) Investment in term deposits 1,723 Payments towards purchase of undertaking on slump sale (refer note 44) (221) Investment in
an associate company (16) Proceeds from sale of associate company 837
(C) Payment of principal portion of lease liabilities (617) Payment of interest portion of lease liabilities (444) Share issue expenses
(709)

13
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[610100] Notes - List of accounting policies

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Textual information (2)
Disclosure of significant accounting policies [TextBlock] [See below]
NA

14
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Textual information (2)

Disclosure of significant accounting policies [Text Block]

Bundl Technologies Private Limited

Notes to the consolidated financial statements

1
Group overview

The Consolidated Financial Information comprise the financial information of Bundl Technologies Private Limited (“The Company" or
"Swiggy"), its subsidiary companies i.e., Scootsy Logistics Private Limited ("Scootsy") & Supr Infotech Solutions Private Limited ("Supr")
collectively hereinafter referred to as ("the Group") and its associate company i.e., Maverix Platforms Private Limited ("Maverix") for the
years ended March 31, 2022 and March 31, 2021.

The Company was incorporated on December 26, 2013 as a private limited company, with its registered office situated at Bengaluru.
The Group is principally engaged in facilitating the food orders and delivery through its own application platform, subscription services to
enable logistics and supply chain in the food e-commerce market. Effective August 2020 the Group is merely a technology platform provider
where delivery partners can provide their delivery services to restaurant partners and consumers through the Swiggy platform.

The Group is also in the business of preparing food in its own kitchen and selling through the aforesaid platform and delivers daily needs like
milk, bread and other items on a pre-subscription model basis to B2C customers and delivery of household items including groceries, fruits
and vegetables in the B2C and B2B segment.

Following companies have been considered in the preparation of the consolidated financial statements:

Country of % of
Name of the entity Nature of relationship Effective date
incorporation holding

of control March 31, 2022 March 31, 2021

Wholly owned
Scootsy Logistics Private Limited India Aug 03, 2018 100% 100%
subsidiary

Supr Infotech Solutions Private Wholly owned

India Sep 27, 2019 100% 100%
Limited subsidiary

Feb 22, 2019 (Until

Maverix Platforms Private Limited Associate company India 18.93% 18.93%
Dec'21)

2
Significant accounting policies

2.1
Statement of compliance and basis of preparation

The Consolidated Financial Statements of the Group comprises of the Consolidated Statement of Assets and Liabilities as at March 31, 2022
and March 31, 2021 and the Consolidated Statement of Profit and Loss (including Other Comprehensive Income), Consolidated Statement of
Changes in Equity and the Consolidated Statement of Cash Flows for the years ended March 31, 2022 and March 31, 2021, Notes to the
Consolidated Financial Statements as at and for the years ended March 31, 2022 and March 31, 2021 (together referred to as ‘Consolidated
Financial Statements’).

These Consolidated financial statements have been prepared in accordance with the Indian Accounting Standards (referred to as “Ind AS”) as
prescribed under section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time
to time, under the historical cost convention on the accrual basis, except for certain financial instruments, defined benefit plans and share
based payments which are measured at fair value or amortised cost at the end of each reporting period, as explained further in the accounting
policies below. Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a
revision to an existing accounting standard requires a change in the accounting policy hitherto in use.

The Consolidated financial statements are presented in Indian Rupee ( Rs. ) which is the functional currency of the Group and all the values
are rounded off to the nearest Million (INR 000,000) except when otherwise indicated.

The Consolidated financial statements are approved and authorised for issue in accordance with a resolution of Board of Directors on

15
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

November 07, 2022.

The significant accounting policies used in preparation of these Consolidated financial statements have been discussed in the respective
notes.
2.2
Basis of consolidation

The Group consolidates the companies which it owns or controls. The Consolidated financial statements comprise the financial statements of
the Company, its subsidiaries and share in profit and loss of associate, as detailed in note 1 above.

Control exists when the parent has the power over the entity, is exposed, or has rights, to variable returns from its involvement with the entity
and has the ability to affect those returns by using its power over the entity. Power is demonstrated through existing rights that give the
ability to direct relevant activities, those which significantly affects the entity's returns. Subsidiary is consolidated from the date of control
commences until the date control ceases. Associate entity has been considered in the consolidated financial statement as per equity method of
consolidation as per Ind AS 28 (refer note 2.12 for details on associate).

The financial statements of Group Companies are consolidated on line by line basis and intra-group balances and transactions including
unrealised gain/ loss from such transactions are eliminated upon consolidation. These financial statements are prepared by applying uniform
accounting policies in use at the Group.

The financial statements of all entities used for the purpose of consolidation are drawn up to same reporting date as that of the parent
company, i.e., year ended on March 31.
2.3
Business combination and goodwill

The cost of an acquisition is measured at the fair value of the assets transferred, equity instruments issued and liabilities incurred or assumed
at the date of acquisition, which is the date on which control is transferred to the Group. The cost of acquisition also includes the fair value of
any contingent consideration. Identifiable assets acquired, liabilities and contingent liabilities assumed in a business combination are
measured initially at their fair value on the date of acquisition.

Purchase consideration paid in excess of the fair value of net assets acquired is recognised as goodwill. Where the fair value of identifiable
assets and liabilities exceed the cost of acquisition, after reassessing the fair values of the net assets and contingent liabilities, the excess is
recognised as capital reserve.

Transaction costs that the Group incurs in connection with a business combination such as finder's fees, legal fees, due diligence fees and
other professional and consulting fees are expensed as incurred.

Goodwill is initially measured at cost, being the excess of the aggregate of the consideration transferred, over the net identifiable assets
acquired and liabilities assumed. If the fair value of the net assets acquired is in excess of the aggregate consideration transferred, the Group
re-assesses whether it has correctly identified all of the assets acquired and all of the liabilities assumed and reviews the procedures used to
measure the amounts to be recognised at the acquisition date. If the reassessment still results in an excess of the fair value of net assets
acquired over the aggregate consideration transferred, then the gain is recognised in OCI and accumulated in equity as capital reserve.
However, if there is no clear evidence of bargain purchase, the entity recognises the gain directly in equity as capital reserve, without routing
the same through OCI.

After initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing,
goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Group’s cash-generating units that are
expected to benefit from the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units.

A cash generating unit to which goodwill has been allocated is tested for impairment annually, or more frequently when there is an indication
that the unit may be impaired. If the recoverable amount of the cash generating unit is less than its carrying amount, the impairment loss is
allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro rata based on the
carrying amount of each asset in the unit. Any impairment loss for goodwill is recognised in profit or loss. An impairment loss recognised for
goodwill is not reversed in subsequent periods. Where goodwill has been allocated to a cash-generating unit and part of the operation within
that unit is disposed of, the goodwill associated with the disposed operation is included in the carrying amount of the operation when
determining the gain or loss on disposal. Goodwill disposed in these circumstances is measured based on the relative values of the disposed
operation and the portion of the cash-generating unit retained. Goodwill is tested for impairment annually as at March 31 and when
circumstances indicate that the carrying value may be impaired.

Business combinations have been accounted for using the acquisition method under the provisions of Ind AS 103, Business Combinations .
2.4
Use of estimates, assumptions and judgements

The preparation of the Consolidated Financial Information in conformity with Ind AS requires the management to make estimates,
judgements and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities on the
date of the Consolidated Financial Information and the reported amounts of revenues and expenses for the year reported. Actual results
could differ from those estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in
which the estimates are revised and future periods are affected.

Key source of estimation uncertainty as at the date of Consolidated Financial Information , which may cause a material adjustment to the
carrying amounts of assets and liabilities within the next financial year , is in respect of the following
a

16
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Impairment of investment:

Impairment exists when the carrying value of an asset or cash generating unit (“CGU”) exceeds its recoverable amount, which is the higher
of its fair value less costs of disposal and its value in use. The fair value less costs of disposal calculation is based on available data from
binding sales transactions, conducted at arm’s length, for similar assets or observable market prices less incremental costs for disposing of the
asset. The value in use calculation is based on a discounted cash flow (“DCF”) model, and involves use of significant estimates and
assumptions including turnover, earning multiples, growth rates and net margins used to calculate projected future cash flows, risk adjusted
discounted rate, future economic and market conditions.

b
Fair value measurement of financial instruments

When the fair value of financial assets and financial liabilities recorded in the balance sheet cannot be measured based on quoted prices in
active markets, their fair value is measured using valuation techniques including the DCF model. The policy has been further explained under
note 2.13.

c
Defined benefit plans

The cost of the defined benefit gratuity plan and other post-employment benefits and the present value of the gratuity obligation is
determined using actuarial valuation. An actuarial valuation involves making various assumptions that may differ from actual developments
in the future. These include the determination of the discount rate, future salary increases and mortality rates. Due to the complexities
involved in the valuation and its long-term nature, a defined benefit obligation is highly sensitive to changes in these assumptions. All
assumptions are reviewed at each reporting date. The parameter most subject to change is the discount rate. In determining the appropriate
discount rate for plans operated in India, the management considers the interest rates of government bonds in currencies consistent with the
currencies of the post-employment benefit obligation.

The mortality rate is based on publicly available mortality tables. These mortality tables tend to change only at interval in response to
demographic changes. Future salary increases and gratuity increases are based on expected future inflation rates. The assumptions and
models used for defined benefit plan are disclosed in note 32.
d
Share-based payments

Estimating fair value for share-based payment transactions requires determination of the most appropriate valuation model, which is
dependent on the terms and conditions of the grant. This estimate also requires determination of the most appropriate inputs to the valuation
model including the expected life of the share option, volatility, dividend yield, forfeiture rate and making assumptions about them. The
assumptions and models used for estimating fair value for share-based payment transactions are disclosed in note 33.
e
Useful lives of property, plant and equipment

The Group reviews the useful life of property, plant and equipment at the end of each reporting period. This reassessment may result in
change in depreciation expense in future periods.
f
Taxes

Significant judgments are involved in determining the provision for income taxes and tax credits including the amount expected to be paid or
refunded. The Group reviews the carrying amount of deferred tax assets at the end of each reporting period. The policy for the same has been
explained under note 2.21.
g
Business combination

In accounting for business combinations, judgment is required whether Group has control over the entity acquired. Control is achieved when
the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns
through its power over the investee. Specifically, the Group controls an investee if and only if the Group has:

• Power over the investee (i.e. existing rights that give it the current ability to direct the relevant activities of the investee)
• The ability to use its power over the investee to affect its returns.
• Exposure or rights to variable return from its involvement with the investee.

Generally, there is a presumption that a majority of voting rights result in control. To support this presumption and when the Group has less
than a majority of the voting or similar rights of an investee, the Group considers all relevant facts and circumstances in assessing whether it
has power over an investee, including:
• The contractual arrangement with the other vote holders of the investee
• The Group’s voting rights and potential voting rights
• The size of the group’s holding of voting rights relative to the size and dispersion of the holdings of the other voting rights holders.
• Right arising from other contractual arrangements.
h
Leases

17
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

The Group evaluates if an arrangement qualifies to be a lease as per the requirements of Ind AS 116. Identification of a lease requires
significant judgment. The Group uses significant judgement in assessing the lease term (including anticipated renewals) and the applicable
discount rate.

The Group determines the lease term as the non-cancellable period of a lease, together with both periods covered by an option to extend the
lease if the Group is reasonably certain to exercise that option; and periods covered by an option to terminate the lease if the Group is
reasonably certain not to exercise that option. In assessing whether the Group is reasonably certain to exercise an option to extend a lease, or
not to exercise an option to terminate a lease, it considers all relevant facts and circumstances that create an economic incentive for the Group
to exercise the option to extend the lease, or not to exercise the option to terminate the lease. The Group revises the lease term if there is a
change in the non-cancellable period of a lease.

The discount rate is generally based on the incremental borrowing rate to the lease being evaluated or for a portfolio of leases with similar
characteristics.
i
Impairment of goodwill

A cash generating unit to which goodwill has been allocated is tested for impairment annually, or more frequently when there is an indication
that the unit may be impaired.

The impairment indicators, the estimation of expected future cash flows and the determination of the fair value of CGU (including Goodwill)
require the Management to make significant judgements, estimates and assumptions concerning the identification and validation of
impairment indicators, fair value of assets, revenue growth rates and operating margins used to calculate projected future cash flows, relevant
risk-adjusted discount rate, future economic and market conditions, etc.

j
Provisions and contingent liabilities

The Group estimates the provisions that have present obligations as a result of past events and it is probable that outflow of resources will be
required to settle the obligations. These provisions are reviewed at the end of each reporting period and are adjusted to reflect the current best
estimates. The Group uses significant judgement to disclose contingent liabilities. Contingent liabilities are disclosed when there is a possible
obligation arising from past events, the existence of which will be confirmed only by the occurrence or non-occurrence of one or more
uncertain future events not wholly within the control of the Group or a present obligation that arises from past events where it is either not
probable that an outflow of resources will be required to settle the obligation or a reliable estimate of the amount cannot be made. Contingent
assets are neither recognised nor disclosed in the Consolidated Financial Information.
2.5
Current and Non-current classification

The operating cycle is the time between the acquisition of assets/inputs for processing and their realisation in cash and cash equivalents. The
Group has identified twelve months as its operating cycle.

The Group presents assets and liabilities in the balance sheet based on current/non-current classification.

An asset is treated as current when it is:

> Expected to be realised or intended to be sold or consumed in normal operating cycle

> Held primarily for the purpose of trading

> Expected to be realised within twelve months after the reporting period, or

> Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting
period

All other assets are classified as non-current.

A liability is current when:

> It is expected to be settled in normal operating cycle

> It is held primarily for the purpose of trading

> It is due to be settled within twelve months after the reporting period, or

> There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period

The Group classifies all other liabilities as non-current.

18
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

2.6
Revenue recognition

The Group generates revenue mainly from providing online platform services to partner merchants (including restaurant merchants, grocery
merchants and delivery partners), advertisement services, sale of food and traded goods, subscriptions and other platform services.

Revenue is recognised when control of goods and services is transferred to the customer upon the satisfaction of performance obligation
under the contract at an amount that reflects the consideration to which the Group expects to be entitled in exchange for those goods or
services.

Where performance obligation is satisfied over time, Group recognizes revenue over the contract period. Where performance obligation is
satisfied at a point in time, Group recognizes revenue when customer obtains control of promised goods and services in the contract.
Revenue is measured net of taxes.
a
Order facilitation fee:

Group generates income from partner merchants for facilitating food/grocery ordering and delivery services through its technology platform.
Income generated from partner merchants, for use of its platform related services is recognised when the transaction is completed as per the
terms of the arrangement with the respective partner merchants, being the point at which the Group has no remaining performance obligation.

The fulfilment of the order is the responsibility of partner merchants, accordingly, the gross order value is not recognised as revenue, only the
order facilitation fee to which the Group is entitled is recognised as revenue.
b
Delivery income:

Group earned delivery income by providing food/grocery delivery services. Such income was recorded by the Group on gross basis, as
fulfilment of the food/grocery delivery order was responsibility of the Group. Delivery fee was recognised as revenue at the point of order
fulfilment.

Effective August 2020, the Group is merely a technology platform provider connecting delivery partners with the Restaurant partners and the
consumers and generates income from Lead generation only.
c
Advertisement revenue:

Advertisement revenue is generated from the sponsored listing fees paid by partner merchants and brands. Advertisement revenue is
recognized when a consumer engages with the sponsored listing based on the number of clicks. There are certain contracts, where, in
addition to the clicks, the Group sells online advertisements which is usually run over a contracted period of time. Revenue is presented on a
gross basis in the amount billed to partner merchants as the Group controls the advertisement space.

d
Onboarding fee:

Partner merchants pay one-time non-refundable fees to join the Group's network. These are recognised on receipt or over a period of time in
accordance with terms of agreement entered into with such relevant partner.
e
Subscription fee:

Revenue from the subscription contracts is recognised over the subscription period on a systematic basis in accordance with the terms of
agreement entered into with the customer.
f
Income from sale of food and traded goods:

Revenue from sale of food and traded goods are recognised when the performance obligations are satisfied i.e. when control of promised
goods are transferred to the customer i.e. when the food or traded goods are delivered to the customer.
g
Discounts/ incentives:

The Group provides various types of incentives to consumers to promote the transactions on our platform. Since the Group identified the
transacting consumers as one of our customers for delivery services when the Group is responsible for the delivery services, the incentives
offered to transacting consumers are considered as payment to customers and recorded as reduction of revenue on a transaction by transaction
basis. The amount of incentive in excess of the delivery fee collected from the transacting consumers is recorded as Advertising and
marketing expenses.

When incentives are provided to transacting consumers where the Group is not responsible for delivery, the transacting consumers are not
considered customers of the Group, and such incentives are recorded as Advertising and marketing expenses.
h
Contract balances

19
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

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 the
consideration is due). Refer to accounting policies of financial assets in section 2.13 b for initial recognition and subsequent measurement of
financial assets.

Contract liabilities
A contract liability is recognised if a payment is received or a payment is due (whichever is earlier) from a customer before the Group
transfers the related goods or services. Contract liabilities are recognised as revenue when the Group performs under the contract (i.e.,
transfers control of the related goods or services to the customer).
i.
Other income:

Profit on sale of mutual funds and fair value impact on mark to mark contracts are recognised on transaction completion and or on reporting
date as applicable.
Interest income is recognised using the effective interest method or time-proportion method, based on rates implicit in the transaction.
Dividend income is recognized when the Group’s right to receive Dividend is established.
2.7
Property, plant and equipment

Plant and equipment is stated at cost, net of accumulated depreciation and accumulated impairment losses, if any. The cost comprises
purchase price, borrowing costs if capitalization criteria are met, directly attributable cost of bringing the plant and equipment to its working
condition for the intended use and cost of replacing part of the plant and equipment.

When significant parts of plant and equipment are required to be replaced at intervals, the Group depreciates them separately based on their
specific useful lives. Likewise, when a major inspection is performed, its cost is recognised in the carrying amount of the plant and
equipment as a replacement if the recognition criteria are satisfied. All other repair and maintenance costs are recognised in Consolidated
Statement of Profit or Loss as incurred. The present value of the expected cost for the decommissioning of an asset after its use is included in
the cost of the respective asset if the recognition criteria for a provision are met.

Gains or losses arising from derecognition of the assets are measured as the difference between the net disposal proceeds and the carrying
amounts of the assets and are recognized in the Consolidated Statement of Profit and Loss when the assets are derecognized.

Capital work in progress:

Amount paid towards the acquisition of property, plant and equipment outstanding as of each reporting date and the cost of property, plant
and equipment not ready for intended use before such date are disclosed under capital work-in-progress. The capital work- in-progress is
carried at cost, comprising direct cost, related incidental expenses and attributable interest. No depreciation is charged on the capital work in
progress until the asset is ready for the intended use.
2.8
Intangible assets

Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business
combination are measured at fair value at the date of acquisition. Following initial recognition, intangible assets are carried at cost less any
accumulated amortisation and accumulated impairment losses. Internally generated intangibles, excluding capitalised development costs, are
not capitalised and the related expenditure is reflected in standalone statement of profit and loss in the period in which the expenditure is
incurred.

Intangible assets with finite lives are amortised over the useful economic life and assessed for impairment whenever there is an indication
that the intangible asset may be impaired. The amortisation period and the amortisation method for an intangible asset with a finite useful life
are reviewed at least at the end of each reporting period. Changes in the expected useful life or the expected pattern of consumption of future
economic benefits embodied in the asset are considered to modify the amortisation period or method, as appropriate, and are treated as
changes in accounting estimates.

Gains or losses arising from derecognition of an intangible asset are measured as the difference between the net disposal proceeds and the
carrying amount of the asset and are recognised in the standalone statement of profit and loss when the asset is derecognised.
2.9
Depreciation and amortisation

Depreciation on property, plant and equipment and amortisation on intangible assets with finite useful lives is calculated on a straight-line
basis over the useful lives of the assets estimated by the management.

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BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

The Group has used the following useful lives to provide depreciation on plant and equipment and amortisation of intangible assets:

Asset category Useful lives estimated by the management

Plant and equipment* 5

Office equipment 5

Computer equipment 3

Furniture and fixtures* 5

Leasehold improvements Lower of lease term or useful life

Computer software 5

Non-compete asset 3

Other intangible assets 1 to 3

* Based on an internal technical evaluation, management believes that the useful lives in the table above are realistic and reflect fair
approximation of the period over which the assets are likely to be used. Hence, the useful lives for these assets is different from the useful
lives as prescribed under part C of Schedule II of The Companies Act 2013.

The residual values, useful lives and methods of depreciation of property, plant and equipment are reviewed at the end of each reporting
period and adjusted prospectively, if appropriate.

Intangible assets with finite lives are assessed for impairment whenever there is an indication that the intangible asset may be impaired. The
amortisation period and the amortisation method for an intangible asset with a finite useful life are reviewed at least at the end of each
reporting period. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the
asset are adjusted prospectively.
2.10
Impairment

Impairment of Financial Assets

The Group assesses at the end of each reporting period whether a financial asset or a group of financial assets is impaired. Ind AS 109
(‘Financial instruments’) requires expected credit losses to be measured through a loss allowance. The Group recognises lifetime expected
losses for all contract assets and/or all trade receivables that do not constitute a financing transaction. For all other financial assets, expected
credit losses are measured at an amount equal to the 12 month expected credit losses or at an amount equal to the lifetime expected credit
losses if the credit risk on the financial asset has increased significantly since initial recognition.

Impairment of non-financial assets:

Non-financial assets including property, plant and equipment and intangible assets with finite life and intangible assets under development
are evaluated for recoverability whenever there is any indication that their carrying amounts may not be recoverable. If any such indication
exists, the recoverable amount (i.e. higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis
unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is
determined for the CGU to which the asset belongs.

If the recoverable amount of an asset (or CGU) is estimated to be less than its carrying amount, the carrying amount of the asset (or CGU) is
reduced to its recoverable amount. An impairment loss is recognised in the Consolidated Statement of Profit and Loss. For assets excluding
goodwill , an assessment is made at each reporting date to determine whether there is an indication that previously recognised impairment
losses no longer exist or have decreased. If such indication exists, the Group estimates the asset’s or CGU’s recoverable amount.

In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate 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 are taken into account, if available. If no such transactions can be identified, an appropriate valuation model is
used.

A previously recognised impairment loss is reversed only if there has been a change in the assumptions used to determine the asset’s
recoverable amount since the last impairment loss was recognised. The reversal is limited so that the carrying amount of the asset does not
exceed its recoverable amount, nor exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss
been recognised for the asset in prior years. Such reversal is recognised in the Consolidated Statement of Profit and Loss unless the asset is
carried at a revalued amount, in which case, the reversal is treated as a revaluation increase.

A cash generating unit to which goodwill has been allocated is tested for impairment annually, or more frequently when there is an indication

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BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

that the unit may be impaired. If the recoverable amount of the cash generating unit is less than its carrying amount, the impairment loss is
allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro rata based on the
carrying amount of each asset in the unit. Any impairment loss for goodwill is recognised in Consolidated statement of profit and loss. An
impairment loss recognised for goodwill is not reversed in subsequent periods.
2.11
Leases

Group as a lessee

The Group’s lease assets primarily consist of leases for buildings. The Group assesses whether a contract contains a lease at the inception of
a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in
exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Group assesses
whether: (i) the contract involves the use of an identified asset (ii) the Group has substantially all of the economic benefits from use of the
asset through the period of the lease and (iii) the Group has the right to direct the use of the asset.

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

i) Right-of-use assets
The Group 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, lease payments
made at or before the commencement date less any lease incentives received and an estimate of costs to be incurred by the lessee in
dismantling and removing the underlying asset, restoring the site on which it is located or restoring the underlying asset to the condition
required by the terms and conditions of the lease. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term
or the estimated useful lives of the assets whichever is earlier.

If ownership of the leased asset transfers to the Group 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 2.10, Impairment of non-financial assets.

ii) Lease liabilities

At the commencement date of the lease, the Group 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 Group and payments of penalties for
terminating the lease, if the lease term reflects the Group exercising the option to terminate. 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 Group uses its incremental borrowing rate at the lease commencement date as 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
Group’s lease liabilities are included in financial liabilities.

iii) Short-term leases and leases of low-value assets

The Group applies the short-term lease exemption (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 of assets that are
considered to be 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.

Group as a lessor

Leases in which the Group does not transfer substantially all the risks and rewards incidental to ownership of an asset are classified as
operating leases. Rental income arising is accounted for on a straight-line basis over the lease terms and is included in revenue in the
Consolidated Statement of Profit or Loss due to its operating nature. Initial direct costs incurred in negotiating and arranging an operating
lease are added to the carrying amount of the leased asset and recognised over the lease term on the same basis as rental income. Contingent
rents are recognised as revenue in the period in which they are earned.
2.12
Investments in associate

An associate is an entity over which the Group has significant influence. Significant influence is the power to participate in the financial and
operating policy decisions of the investee, but is not control or joint control over those policies.

The Group’s investments in its associate is accounted for using the equity method. Under the equity method, the investment in an associate is
initially recognised at cost. The carrying amount of the investment is adjusted to recognise changes in the Group’s share of net assets of the

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BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

associate since the acquisition date. Goodwill relating to the associate is included in the carrying amount of the investment and is not tested
for impairment individually.

The statement of profit and loss reflects the Group’s share of the results of operations of the associate. Any change in OCI of those investees
is presented as part of the Group’s OCI. In addition, when there has been a change recognised directly in the equity of the associate, the
Group recognises its share of any changes, when applicable, in the statement of changes in equity. Unrealised gains and losses resulting from
transactions between the Group and the associate is eliminated to the extent of the interest in the associate.

On disposal of an investment, the difference between its carrying amount and net disposal proceeds is charged or credited to the
Consolidated Statement of Profit and Loss.
2.13
Financial instruments

Financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another
entity.
Financial assets and liabilities are recognised when the Group becomes a party to the contract that gives rise to financial assets and liabilities.
Financial assets and liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issue of
financial assets and financial liabilities (other than financial assets and financial liabilities at fair value through profit or loss) are added to or
deducted from the fair value measured on initial recognition of financial asset or financial liability.
A . Cash and cash equivalents
The Group considers all highly liquid financial instruments, which are readily convertible into known amounts of cash that are subject to an
insignificant risk of change in value and having original maturities of three months or less from the date of purchase, to be cash equivalents.
Cash and cash equivalents consist of balances with banks which are unrestricted for withdrawal and usage.
B. Financial assets
Financial assets are recognised when the Group becomes a party to the contractual provisions of the instrument.

Initial recognition and measurement

On initial recognition, a financial asset is recognised at fair value. In case of Financial assets which are recognised at fair value through profit
and loss (FVTPL), its transaction cost is recognised in the statement of profit and loss. In other cases, the transaction cost is attributed to the
acquisition value of the financial asset.

Financial assets are subsequent classified and measured at:

• Amortised cost
• Fair value through profit and loss (FVTPL)
• Fair value through other comprehensive income (FVOCI)

Financial assets are not reclassified subsequent to their recognition, except during the period the group changes its business model for
managing financial assets.

Financial assets at amortised cost (debt instruments)

The financial asset is measured at the amortised cost if both the following conditions are met:

a) The asset is held within a business model whose objective is to hold assets for collecting contractual cash flows, and
b) Contractual terms of the asset give rise on specified dates to cash flows that are solely payments of principal and interest (SPPI) on the
principal amount outstanding.

After initial measurement, such financial assets are subsequently measured at amortised cost using the effective interest rate (EIR) method.
Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the
EIR. The EIR amortisation is included in finance income in the profit or loss. The losses arising from impairment are recognised in the profit
or loss. This category generally applies to trade and other receivables.

Financial assets at FVTPL (Debt instrument)

FVTPL is a residual category for debt instruments. Any debt instrument, which does not meet the criteria for categorization as at amortized
cost or as FVTOCI, is classified as at FVTPL.

In addition, the Group may elect to designate a debt instrument, which otherwise meets amortized cost or FVTOCI criteria, as at FVTPL.
However, such election is allowed only if doing so reduces or eliminates a measurement or recognition inconsistency (referred to as
‘accounting mismatch’).

Debt instruments included within the FVTPL category are measured at fair value with all changes recognized in the Statement of Profit and
Loss.

Financial assets at FVOCI (Debt instrument)

A debt instrument is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL:

a) The asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial
assets, and
b) Contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest (SPPI)
on the principal amount outstanding

Derecognition
A financial asset (or, where applicable, a part of a financial asset or part of a Group of similar financial assets) is primarily derecognised (i.e.
removed from the balance sheet) when:

• The rights to receive cash flows from the asset have expired, or
• The Group has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full

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BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

without material delay to a third party under a ‘pass-through’ arrangement; and either

(a) the Group has transferred substantially all the risks and rewards of the asset, or

(b) the Group has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset.

When the Group has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement, it evaluates if
and to what extent it has retained the risks and rewards of ownership. When it has neither transferred nor retained substantially all of the risks
and rewards of the asset, nor transferred control of the asset, the Group continues to recognise the transferred asset to the extent of the
Group’s continuing involvement. In that case, the Group also recognises an associated liability. The transferred asset and the associated
liability are measured on a basis that reflects the rights and obligations that the Group has retained.

C. Financial liabilities
Initial recognition and measurement
Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss or at amortised cost (loans
and borrowings, payables), as appropriate.

All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable
transaction costs.

The Group’s financial liabilities include trade and other payables, loans and borrowings including bank overdrafts.

Subsequent measurement
The measurement of financial liabilities depends on their classification, as described below:

Financial liabilities at fair value through profit or loss

Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon
initial recognition as at fair value through profit or loss. Financial liabilities are classified as held for trading if they are incurred for the
purpose of repurchasing in the near term.

Gains or losses on liabilities held for trading are recognised in the profit or loss.

Financial liabilities designated upon initial recognition at fair value through profit or loss are designated as such at the initial date of
recognition, only if the criteria in Ind AS 109 are satisfied. For liabilities designated as FVTPL, fair value gains/ losses attributable to
changes in own credit risk are recognized in OCI. These gains/ loss are not subsequently transferred to Profit and Loss. However, the Group
may transfer the cumulative gain or loss within equity. All other changes in fair value of such liability are recognised in the statement of
profit or loss. The Group has not designated any financial liability as at fair value through profit and loss.

Loans and borrowings

After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the EIR method. Gains and
losses are recognised in profit or loss when the liabilities are derecognised as well as through the EIR amortisation process. Amortised cost
is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR
amortisation is included as finance costs in the statement of profit and loss.

Derecognition
A financial liability is derecognised when the obligation under the liability is discharged or cancelled or expires. When an existing financial
liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially
modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The
difference in the respective carrying amounts is recognised in the statement of profit or loss.
D. Offsetting of financial instruments
Financial assets and financial liabilities are offset and the net amount is reported in the balance sheet if there is a currently enforceable legal
right to offset the recognised amounts and there is an intention to settle on a net basis, to realise the assets and settle the liabilities
simultaneously.

2.14
Fair value measurement
In determining the fair value of its financial instruments, the Group uses following hierarchy and assumptions that are based on market
conditions and risks existing at each reporting date.

All assets and liabilities for which fair value is measured or disclosed in the Consolidated Financial Information are categorised within the
fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:

Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or liabilities.
Level 2 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly
observable.
Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable.
For assets and liabilities that are recognised in the Consolidated Financial Information on a recurring basis, the Group determines whether
transfers have occurred between levels in the hierarchy by re-assessing categorisation (based on the lowest level input that is significant to
the fair value measurement as a whole) at the end of each reporting period.
2.15
Inventories
Inventory is stated at the lower of cost and net realisable value. Cost of inventories comprise of all cost of purchase and other cost incurred
in bringing the inventories to their present location and condition. Cost is determined using weighted average method. Net realisable value is
the estimated selling price in the ordinary course of business, less estimated costs of completion and the estimated costs necessary to make
the sale.
2.16

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BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Borrowing cost
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 capitalised as part of the cost of the asset. 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 the borrowing costs.
2.17
Share issue expenses
Share issue expenses eligible to be capitalised are adjusted with securities premium.

2.18
Foreign currency:
Transactions in foreign currencies are initially recorded by the respective entities of the Group at their respective functional currency spot
rates, at the date the transaction first qualifies for recognition.

Monetary assets and liabilities denominated in foreign currencies are translated at the functional currency spot rates of exchange at the
reporting date. Exchange differences arising on settlement or translation of monetary items are recognised as income or expenses in the
period in which they arise.

Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates at the dates of
the initial transactions.

2.19
Share based payments
The Group measures compensation cost relating to employee stock options plans using the fair valuation method in accordance with Ind AS
102, Share-Based Payment. Compensation expense is amortized over the vesting period as per graded vesting method. The cost of
equity-settled transactions is determined by the fair value at the date when the grant is made using an appropriate valuation model. That cost
is recognised, together with a corresponding increase in employee stock options reserves in other equity, over the period in which the
performance and/or service conditions are fulfilled in employee benefits expense. The cumulative expense recognised for equity-settled
transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the Group’s best
estimate of the number of equity instruments that will ultimately vest.

When an award is cancelled by the Group or by the counterparty, any remaining element of the fair value of the award is expensed
immediately through the Statement of Profit and Loss.

The dilutive effect of outstanding options is reflected as additional share dilution in the computation of diluted earnings per share.
2.20
Employee benefits
Employee benefits consists of Salaries, wages, bonus, contribution to provident and other funds, share bases payment expense and staff
welfare expense.

Defined contribution plans

The Group’s contributions to defined contribution plans (provident fund) are recognized in Consolidated Statement of Profit and Loss when
the employee renders related service.

Defined benefit plans

Gratuity, which is a defined benefit plan, is accrued based on an independent actuarial valuation, which is carried out based on project unit
credit method as at the balance sheet date. The Group recognizes the net obligation of a defined benefit plan in its Consolidated Balance
Sheet as liability. Actuarial gains and losses through re-measurements of the net defined benefit liability/ (asset) are recognized in other
comprehensive income. In accordance with Ind AS, re-measurement gains and losses on defined benefit plans recognised in OCI are not to
be subsequently reclassified to the Consolidated Statement of Profit and Loss. As required under Ind AS compliant Schedule III, the Group
transfers it immediately to “surplus/(deficit) in the statement of profit and loss under other equity.

Net interest is calculated by applying the discount rate to the net defined benefit liability or asset. The Group recognises the following
changes in the net defined benefit obligation as an expense in the Consolidated Statement of Profit and Loss:
- Service costs comprising current service costs, past-service costs, gains and losses on curtailments and non-routine settlements; and
- Net interest expense or income

Short-term employee benefits

Short-term employee benefits expected to be paid in exchange for the services rendered by employees are recognised during the year when
the employees render the service. Compensated absences, which are expected to be utilised within the next 12 months, are treated as
short-term employee benefits. The Group measures the expected cost of such absences as the additional amount that it expects to pay as a
result of the unused entitlement that has accumulated at the reporting date.

Long-term employee benefits

Compensated absences which are not expected to occur within twelve months after the end of the period in which the employees render the
related services are treated as long-term employee benefits for measurement purpose. Such long-term compensated absences are provided for
based on the actuarial valuation using the projected unit credit method at the year end, less the fair value of the plan assets out of which the
obligations are expected to be settled. Actuarial gains/losses are immediately taken to the Consolidated Statement of Profit and Loss and are
not deferred.

The Group presents the entire compensated absences balance as a current liability in the Consolidated Financial Information, since it does
not have an unconditional right to defer its settlement for twelve months after the reporting date.

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BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

2.21
Taxes on income
Income tax expense comprises current tax expense and the net change in the deferred tax asset or liability during the year. Current and
deferred tax are recognised in the Consolidated Statement of Profit and Loss, except when they relate to items that are recognised in other
comprehensive income or directly in other equity, in which case, the current and deferred tax are also recognised in other comprehensive
income or directly in equity, respectively.

Current income tax

Current income tax for the current and prior periods are measured at the amount expected to be recovered from or paid to the taxation
authorities based on the taxable income for that period. The tax rates and tax laws used to compute the amount are those that are enacted or
substantively enacted as at the balance sheet date.
Current income tax relating to items recognised outside profit or loss is recognised outside profit or loss (either in OCI or in equity).

Deferred income tax

Deferred income tax is recognised using the balance sheet approach, deferred tax is recognized on temporary differences at the balance sheet
date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes, except when the deferred
income tax arises from the initial recognition of goodwill or an asset or liability in a transaction that is not a business combination and affects
neither accounting nor taxable profit or loss at the time of the transaction.

Deferred income tax assets are recognized for all deductible temporary differences, carry forward of unused tax credits and unused tax losses,
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 income tax assets is reviewed at each balance sheet 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 income tax asset to be utilized.

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

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 concerned company will pay normal income tax during the
specified period, i.e., the period 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.

2.22
Provision (other than employee benefits) and contingent liabilities
A provision is recognized when Group has a present obligation (legal or constructive) as a result of past event and it is probable that an
outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made of the amount of the
obligation. If the effect of time value of money is material, provision is discounted using a current pre-tax rate that reflects, when appropriate,
the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognised as a finance
cost. When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, the receivable
is recognized as an asset, if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured
reliably.

Provisions for onerous contracts, i.e. contracts where the expected unavoidable costs of meeting obligations under a contract exceed the
economic benefits expected to be received, are recognized when it is probable that an outflow of resources embodying economic benefits will
be required to settle a present obligation as a result of an obligating event, based on a reliable estimate of such obligation.

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or
non-occurrence of one or more uncertain future events beyond the control of the Group or a present obligation that is not recognized because
it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare
cases where there is a liability that cannot be recognized because it cannot be measured reliably. The Group does not recognize a contingent
liability but discloses its existence in the Consolidated Financial Information.

2.23
Earnings/(loss) per share
Basic earnings/(loss) per share is computed by dividing the profit/(loss) after tax attributable to the equity holders of the Group by the
weighted average number of equity shares outstanding during the year.

Diluted earnings per share is computed by dividing the profit/(loss) after tax as adjusted for dividend, interest (net of any attributable taxes)
other charges to expense or income relating to the dilutive potential equity shares, by the weighted average number of equity shares
considered for deriving basic earnings per share and the weighted average number of equity shares which could have been issued on the
conversion of all dilutive potential equity shares.

Potential equity shares are deemed to be dilutive only if their conversion to equity shares would decrease the net profit per share or increase
the net loss per share. Potential dilutive equity shares are deemed to be converted as at the beginning of the period, unless they have been
issued at a later date. Dilutive potential equity shares are determined independently for each period presented. The Group did not have any
potentially dilutive securities in any of the years presented.

2.24
Segment reporting
Operating segment are reported in a manner consistent with the internal reporting provided to the chief operating decision maker. The Chief
Executive Officer has been identified as the chief decision maker.

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BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

The Group identifies primary segments based on the dominant source, nature of risks and returns and the internal organization and
management structure. The operating segments are the segments for which separate financial information is available and for which
operating profit/loss amounts are evaluated regularly by the chief decision maker in deciding how to allocate resources and in assessing
performance, the analysis of geographical segments is based on the areas in which major operating divisions of the Group operate.

The accounting policies adopted for segment reporting are in line with the accounting policies of the Group. Segment revenue, segment
expenses, segment assets and segment liabilities have been identified to the segments on the basis of their relationship to the operating
activities of the segment.

Inter-segment revenue is accounted on the basis of transactions which are primarily determined based on market / fair value factors.

Revenue, expenses, assets and liabilities which relate to the Group as a whole and are not allocable to segments on reasonable basis have
been included under “unallocated revenue / expenses / assets / liabilities".
2.25
Consolidated statement of cash flow
Cash flows are reported using the indirect method, whereby profit/(loss) for the period is adjusted for the effects of transactions of a non-cash
nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with
investing or financing cash flows. The cash flows from operating, investing and financing activities of the Group are segregated.

For the purpose of Consolidated Statement of Cash Flows, cash and cash equivalents comprise the total of current portion of cash and cash
equivalents as disclosed in cash and cash equivalent schedule.

2.26
Recent accounting pronouncements
The 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. On March 23, 2022, MCA amended the Companies (Indian Accounting Standards)
Amendment Rules, 2022, applicable from April 1st, 2022, below are the amendments which are relevant to the Group. Based on preliminary
assessment, the Group does not expect these amendments to have any significant impact on its Consolidated Financial Statements. The
Group has not early adopted any other standard or amendment that has been issued but is not yet effective.

(i) Ind AS 16 - Property Plant and equipment: The amendment clarifies that excess of net sale proceeds of items produced over the cost of
testing, if any, shall not be recognized in the profit or loss but deducted from the directly attributable costs considered as part of cost of an
item of property, plant, and equipment.

(ii) Ind AS 37 - Provisions, Contingent Liabilities and Contingent Assets: The amendment specifies that the ‘cost of fulfilling’ a contract
comprises the ‘costs that relate directly to the contract’. Costs that relate directly to a contract can either be incremental costs of fulfilling that
contract (examples would be direct labour, materials) or an allocation of other costs that relate directly to fulfilling contracts (an example
would be the allocation of the depreciation charge for an item of property, plant and equipment used in fulfilling the contract).

(iii) Ind AS 103 - Business combination: The amendment states that to qualify for recognition as part of applying the acquisition method, the
identifiable assets acquired and liabilities assumed must meet the definitions of assets and liabilities in the Framework for the Preparation and
Presentation of Financial Statements in accordance with Indian Accounting Standards issued by the Institute of Chartered Accountants of
India at the acquisition date. Therefore, the acquirer does not recognise those costs as part of applying the acquisition method. Instead, the
acquirer recognises those costs in its post-combination financial statements in accordance with other Ind AS.

(iv) Ind AS 109 - Financial Instruments: The amendment clarifies which fees an entity includes when it applies the ‘10 percent’ test of Ind
AS 109 in assessing whether to derecognise a financial liability.

(v) Ind AS 116 - Leases : The amendment removes the illustration of the reimbursement of leasehold improvements by the lessor in order to
resolve any potential confusion regarding the treatment of lease incentives that might arise because of how lease incentives were described in
that illustration.
2.27
Impact of COVID -19 (Pandemic)

The Group has taken into account all the possible impacts of COVID-19 in preparation of this consolidated financial statements, including
but not limited to its assessment of, liquidity and going concern assumption, recoverable values of its financial and non-financial assets,
impact on revenue recognition, impact on leases etc.
The Group has carried out this assessment based on available internal and external sources of information upto the date of approval of these
consolidated financial statements and believes that the impact of COVID-19 except to the impact already considered in the consolidated

27
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

financial statements is not material to these consolidated financial statements and expects to recover the carrying amounts of its assets as at
Mar 31, 2022. The impact of COVID-19 on the consolidated financial statements may differ from that estimated as at the date of approval of
these consolidated financial statements owing to the nature and duration of COVID-19.

Capital Management

For the purpose of Group's capital management, capital includes subscribed

capital (equity and preference), securities premium and all other equity
reserves attributable to the owners of the Group. The Primary objective of the
Group's capital management is to safeguard the Group's ability to continue as a
going concern in order to finance the sustained growth in the business and to
protect the shareholders value.

The Group is predominantly equity financed, which is evident from the capital
structure below. The Group determines the capital requirement based on
annual operating plans and long-term and other strategic investment plans. The
funding requirements are met through equity and operating cash flows
generated. The Group is not subject to any externally imposed capital
requirements.

( Rs.
The capital structure and key performance indicators of the Group as at year
in
end is as follows:
Million)

Particulars As at As at

March 31,
March 31, 2022
2021

Debt to
I equity
position:

Total equity
attributable
A to the 1,22,669 17,374
shareholders
of the Group

B Borrowings:

Non-current
- 665
borrowings

Short term
- 253
borrowings

Total
- 918
borrowings

Total capital
C 1,22,669 18,292
(A+B)

Debt to
D equity ratio 0% 5%
(%) (B/A)

Total
borrowings
E as a % of 0% 5%
total capital
(B/C)

Total equity

28
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

F as a % of 100% 95%
total capital
(A/C)

Cash
II
position:

Cash and
cash 10,961 5,225
equivalents

Other
balances 77 1,800
with banks

Investment
in money
1,03,106 9,077
market
instruments

1,14,144 16,102

Compliance
with FDI
regulation:

The Group is
not owned and
is not controlled
by resident
Indian citizens.
The Group has
received foreign
direct
investment
(“FDI”) up to
~85% of its
paid-up share
capital and
resident Indian
citizens do not
have the ability
to appoint and
remove the
majority of the
Group’s board
of directors.
Accordingly, the
Group is
required to
comply with
regulations
applicable to
Foreign Direct
Investments.

FDI is governed by
(collectively,
“Exchange Control
Regulations”) (a)
the Foreign
Exchange
Management Act,
1999 (including the

29
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

rules and
regulations made
thereunder)
(“FEMA”),
(b)Foreign
Exchange
Management
(Non-debt
Instruments)
Rules, 2019
(Notification No.
S.O. 3732(E) dated
October 17, 2019)
as amended from
time to time (“NDI
Rules”) , and (c)
the consolidated
FDI policy effective
from August 28,
2017 and issued
by the Department
of Industrial Policy
and Promotion,
Ministry of
Commerce and
Industry (“DIPP”),
as amended and
restated from time
to time including

30
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

through various
‘Press Notes’ (“FDI
Policy”).

The Group has

evaluated the
guidance above
and has obtained a
legal opinion from
the external legal
counsel to
conclude that the
Company conducts
its businesses
under various
categories namely
‘sale of services
through
e-commerce’ and
‘sale of goods
through
e-commerce’
amongst others.
Accordingly the
conditions
enumerated in
Press Note No. 2
(2018 Series)
dated December
26, 2018 (“PN2”)
read with
Notification No.
FEMA. 20(R)
(6)/2019-RB dated
January 31, 2019
and Press Note
No. 3 (2016
Series) dated
March 29, 2016
(“PN3”) are not
applicable to the
Company whilst
undertaking
business under the
‘sale of services
through
e-commerce’
category.
Accordingly, the
Company has not
determined any
possible exposure
on account of
compliance with
conditions
enumerated under
PN2 and PN3. In
relation to the
business activities
relating to ‘sale of
goods through
e-commerce’, the
Company duly
complies with the
conditions set forth
under the FDI
Policy including
PN2.

31
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Additional
information
pursuant to para
2 of general
instructions for
the preparation
of consolidated
financial
statements:

Year ended
March 31, 2022

Share
Share in total
Name of the Net in profit
comprehensive
entity assets and
income
loss

Rs. in Rs. in Rs. in

% % %
Millions Millions Millions

Parent

Bundl
Technologies 1,36,470 111% -28,424 78% -28,455 78%
Private Limited

Indian
subsidiary

Scootsy
Logistics Private -3,200 -3% -2,954 8% -2,954 8%
Limited

Indian
subsidiary

Supr Infotech
Solutions -10,601 -9% -4,911 14% -4,903 14%
Private Limited

Indian associate

Maverix
Platforms - 0% - 0% - 0%
Private Limited

Total 1,22,669 100% -36,289 100% -36,312 100%

Year ended
March 31, 2021

Share
Share in total
Name of the Net in profit
comprehensive
entity assets and
income
loss

32
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Rs. in Rs. in Rs. in

Millions % Millions % Millions %

Parent

Bundl
Technologies 23,142 133% -13,194 82% -13,171 82%
Private Limited

Indian
subsidiary

Scootsy
Logistics Private -246 -1% -55 0% -55 0%
Limited

Indian
subsidiary

Supr Infotech
Solutions -5,698 -33% -2,867 18% -2,868 18%
Private Limited

Indian associate

Maverix
Platforms 176 1% -53 0% -53 0%
Private Limited

Total 17,374 100% -16,169 100% -16,147 100%

Impairment of
goodwill and
other intangible
assets

As on March 31,
2022, the Group
had assessed
the carrying
value of the
investment in
the subsidiary
(Suprdaily)
considering it's
restructuring
plan to suspend
operations in 5
out of 6 cities
with effect from
May 2022.

33
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Management
performed an
assessment of the
recoverable
amount of the CGU
based on the future
operational plan
and projected
cashflows and
based on the
assessment the
entire investment
as at March 31,
2022 has been
impaired in the
standalone
financial
statements of the
holding company.

The recoverable
amount of the
cash-generating
unit (CGU) has
been determined
based on the value
in use. Value in
use has been
determined based
on future cash
flows, after
considering current
economic
conditions and
trends, estimated
future operating
results, growth
rates, and
anticipated future
economic
conditions.

As at March 31,
2022, the
estimated cash
flows for a period
of 5 years were
developed using
internal forecasts,
and a pre-tax
discount rate of
24.5%.

The Group had

identified and
recognised
Goodwill and other
intangible assets
as a part of
business
acquisition of
suprdaily during FY
2019-20, As at
March 31, 2022,
the Group has
assessed the

34
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

carrying value of
these assets for
impairment and
accordingly
impaired the entire
carrying value of
Goodwill and other
intangible assets of

35
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Suprdaily as at
March 31, 2022.
(Refer note 29)

Acquisition of
Shandaar
Foods Private
Limited

On 2 November
2021, the Group
has purchased
Shandaar
Foods Private
Limited
("SFPL") as a
going concern
on a slump sale,
for a total
consideration of
INR 221 Million.
SFPL is
engaged in
manufacturing
of food products
and operates
several
centralized
cloud kitchens
across
Hyderabad and
Bengaluru. The
investment was
carried out
through a
business
transfer
agreement and
the entire
consideration
was paid during
November
2021. Refer
below for the
purchase price
allocation on the
date of
acquisition. The
pro-forma
effects of this
acquisition on
the Group's
financial
statements are
not material.

The purchase
price has been
allocated based
on the
Management's
estimates and
independent
appraisal of fair
value as
follows:

Balances

36
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Particulars recognised on

acquisition

Assets acquired

Property, Plant
4
and Equipment

Trade
2
receivables

Inventories 1

Total assets
7
acquired

Liabilities
Assumed

Trade Payables -33

Total Liabilities -33

Identifiable net
assets at fair -26
value

Fair value of
intangible
assets identified

Trademark 85

Non-Compete 14

Developed
38
Technology

Total identifiable
net assets at 111
fair value

Goodwill arising
109
on acquisition

Total purchase
220
consideration

Other notes
(i) Subsequent to the year end, the Company subscribed for 1,99,948 Series D CCPS shares of Roppen Transportation Services Private
Limited ('RTSPL') with a face value of Rs. 10 each, for a consideration of Rs. 9,505 million, which has been fully paid. RTSPL is engaged in
providing services as an on-demand technology-based transportation aggregator for two-wheelers and three-wheeler vehicles and operates
through the mobile application 'Rapido'.
(ii) On May 12, 2022, the Company had entered into a definitive agreement with Times Internet Limited to acquire restaurant tech and dining
out platform 'Dineout', as a going concern on a slump exchange basis, in exchange of 18,011,135 equity shares of the Company issued in
accordance with terms of the definitive agreement.
(iii) The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the company towards
Provident Fund and Gratuity. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on

37
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

November 13, 2020, and has invited suggestions from stakeholders which are under active consideration by the Ministry. The Company will
assess the impact and its evaluation once the subject rules are notified and will give appropriate impact in its financial statements in the
period in which the Code becomes effective and the related rules to determine the financial impact are published.

[610200] Notes - Corporate information and statement of IndAs compliance

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of corporate information notes and other explanatory information
[TextBlock]

Textual information (3) Refer to

Statement of Ind AS compliance [TextBlock] [See below] significant accounting
policies
Whether there is any departure from Ind AS No No
Whether there are reclassifications to comparative amounts No No
Description of reason why reclassification of comparative amounts is
NA
impracticable
Description of nature of necessary adjustments to provide comparative
NA
information
Textual information (4)
Disclosure of significant accounting policies [TextBlock] [See below]
NA

Textual information (3)

Statement of Ind AS compliance [Text Block]

The Consolidated Financial Statements of the Group comprises of the Consolidated Statement of Assets and Liabilities as at March 31, 2022
and March 31, 2021 and the Consolidated Statement of Profit and Loss (including Other Comprehensive Income), Consolidated Statement of
Changes in Equity and the Consolidated Statement of Cash Flows for the years ended March 31, 2022 and March 31, 2021, Notes to the
Consolidated Financial Statements as at and for the years ended March 31, 2022 and March 31, 2021 (together referred to as ‘Consolidated
Financial Statements’).

These Consolidated financial statements have been prepared in accordance with the Indian Accounting Standards (referred to as “Ind AS”) as
prescribed under section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time
to time, under the historical cost convention on the accrual basis, except for certain financial instruments, defined benefit plans and share
based payments which are measured at fair value or amortised cost at the end of each reporting period, as explained further in the accounting
policies below. Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a
revision to an existing accounting standard requires a change in the accounting policy hitherto in use.

The Consolidated financial statements are presented in Indian Rupee ( Rs. ) which is the functional currency of the Group and all the values
are rounded off to the nearest Million (INR 000,000) except when otherwise indicated.

The Consolidated financial statements are approved and authorised for issue in accordance with a resolution of Board of Directors on
November 07, 2022.

The significant accounting policies used in preparation of these Consolidated financial statements have been discussed in the respective
notes.

38
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Textual information (4)

Disclosure of significant accounting policies [Text Block]

Bundl Technologies Private Limited

Notes to the consolidated financial statements

1
Group overview

The Consolidated Financial Information comprise the financial information of Bundl Technologies Private Limited (“The Company" or
"Swiggy"), its subsidiary companies i.e., Scootsy Logistics Private Limited ("Scootsy") & Supr Infotech Solutions Private Limited ("Supr")
collectively hereinafter referred to as ("the Group") and its associate company i.e., Maverix Platforms Private Limited ("Maverix") for the
years ended March 31, 2022 and March 31, 2021.

The Company was incorporated on December 26, 2013 as a private limited company, with its registered office situated at Bengaluru.
The Group is principally engaged in facilitating the food orders and delivery through its own application platform, subscription services to
enable logistics and supply chain in the food e-commerce market. Effective August 2020 the Group is merely a technology platform provider
where delivery partners can provide their delivery services to restaurant partners and consumers through the Swiggy platform.

The Group is also in the business of preparing food in its own kitchen and selling through the aforesaid platform and delivers daily needs like
milk, bread and other items on a pre-subscription model basis to B2C customers and delivery of household items including groceries, fruits
and vegetables in the B2C and B2B segment.

Following companies have been considered in the preparation of the consolidated financial statements:

Country of % of
Name of the entity Nature of relationship Effective date
incorporation holding

of control March 31, 2022 March 31, 2021

Wholly owned
Scootsy Logistics Private Limited India Aug 03, 2018 100% 100%
subsidiary

Supr Infotech Solutions Private Wholly owned

India Sep 27, 2019 100% 100%
Limited subsidiary

Feb 22, 2019 (Until

Maverix Platforms Private Limited Associate company India 18.93% 18.93%
Dec'21)

2
Significant accounting policies

2.1
Statement of compliance and basis of preparation

The Consolidated Financial Statements of the Group comprises of the Consolidated Statement of Assets and Liabilities as at March 31, 2022
and March 31, 2021 and the Consolidated Statement of Profit and Loss (including Other Comprehensive Income), Consolidated Statement of
Changes in Equity and the Consolidated Statement of Cash Flows for the years ended March 31, 2022 and March 31, 2021, Notes to the
Consolidated Financial Statements as at and for the years ended March 31, 2022 and March 31, 2021 (together referred to as ‘Consolidated
Financial Statements’).

These Consolidated financial statements have been prepared in accordance with the Indian Accounting Standards (referred to as “Ind AS”) as
prescribed under section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time
to time, under the historical cost convention on the accrual basis, except for certain financial instruments, defined benefit plans and share
based payments which are measured at fair value or amortised cost at the end of each reporting period, as explained further in the accounting
policies below. Accounting policies have been consistently applied except where a newly issued accounting standard is initially adopted or a
revision to an existing accounting standard requires a change in the accounting policy hitherto in use.

The Consolidated financial statements are presented in Indian Rupee ( Rs. ) which is the functional currency of the Group and all the values
are rounded off to the nearest Million (INR 000,000) except when otherwise indicated.

The Consolidated financial statements are approved and authorised for issue in accordance with a resolution of Board of Directors on

39
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

November 07, 2022.

The significant accounting policies used in preparation of these Consolidated financial statements have been discussed in the respective
notes.
2.2
Basis of consolidation

The Group consolidates the companies which it owns or controls. The Consolidated financial statements comprise the financial statements of
the Company, its subsidiaries and share in profit and loss of associate, as detailed in note 1 above.

Control exists when the parent has the power over the entity, is exposed, or has rights, to variable returns from its involvement with the entity
and has the ability to affect those returns by using its power over the entity. Power is demonstrated through existing rights that give the
ability to direct relevant activities, those which significantly affects the entity's returns. Subsidiary is consolidated from the date of control
commences until the date control ceases. Associate entity has been considered in the consolidated financial statement as per equity method of
consolidation as per Ind AS 28 (refer note 2.12 for details on associate).

The financial statements of Group Companies are consolidated on line by line basis and intra-group balances and transactions including
unrealised gain/ loss from such transactions are eliminated upon consolidation. These financial statements are prepared by applying uniform
accounting policies in use at the Group.

The financial statements of all entities used for the purpose of consolidation are drawn up to same reporting date as that of the parent
company, i.e., year ended on March 31.
2.3
Business combination and goodwill

The cost of an acquisition is measured at the fair value of the assets transferred, equity instruments issued and liabilities incurred or assumed
at the date of acquisition, which is the date on which control is transferred to the Group. The cost of acquisition also includes the fair value of
any contingent consideration. Identifiable assets acquired, liabilities and contingent liabilities assumed in a business combination are
measured initially at their fair value on the date of acquisition.

Purchase consideration paid in excess of the fair value of net assets acquired is recognised as goodwill. Where the fair value of identifiable
assets and liabilities exceed the cost of acquisition, after reassessing the fair values of the net assets and contingent liabilities, the excess is
recognised as capital reserve.

Transaction costs that the Group incurs in connection with a business combination such as finder's fees, legal fees, due diligence fees and
other professional and consulting fees are expensed as incurred.

Goodwill is initially measured at cost, being the excess of the aggregate of the consideration transferred, over the net identifiable assets
acquired and liabilities assumed. If the fair value of the net assets acquired is in excess of the aggregate consideration transferred, the Group
re-assesses whether it has correctly identified all of the assets acquired and all of the liabilities assumed and reviews the procedures used to
measure the amounts to be recognised at the acquisition date. If the reassessment still results in an excess of the fair value of net assets
acquired over the aggregate consideration transferred, then the gain is recognised in OCI and accumulated in equity as capital reserve.
However, if there is no clear evidence of bargain purchase, the entity recognises the gain directly in equity as capital reserve, without routing
the same through OCI.

After initial recognition, goodwill is measured at cost less any accumulated impairment losses. For the purpose of impairment testing,
goodwill acquired in a business combination is, from the acquisition date, allocated to each of the Group’s cash-generating units that are
expected to benefit from the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units.

A cash generating unit to which goodwill has been allocated is tested for impairment annually, or more frequently when there is an indication
that the unit may be impaired. If the recoverable amount of the cash generating unit is less than its carrying amount, the impairment loss is
allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro rata based on the
carrying amount of each asset in the unit. Any impairment loss for goodwill is recognised in profit or loss. An impairment loss recognised for
goodwill is not reversed in subsequent periods. Where goodwill has been allocated to a cash-generating unit and part of the operation within
that unit is disposed of, the goodwill associated with the disposed operation is included in the carrying amount of the operation when
determining the gain or loss on disposal. Goodwill disposed in these circumstances is measured based on the relative values of the disposed
operation and the portion of the cash-generating unit retained. Goodwill is tested for impairment annually as at March 31 and when
circumstances indicate that the carrying value may be impaired.

Business combinations have been accounted for using the acquisition method under the provisions of Ind AS 103, Business Combinations .
2.4
Use of estimates, assumptions and judgements

The preparation of the Consolidated Financial Information in conformity with Ind AS requires the management to make estimates,
judgements and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities on the
date of the Consolidated Financial Information and the reported amounts of revenues and expenses for the year reported. Actual results
could differ from those estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in
which the estimates are revised and future periods are affected.

Key source of estimation uncertainty as at the date of Consolidated Financial Information , which may cause a material adjustment to the
carrying amounts of assets and liabilities within the next financial year , is in respect of the following
a

40
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Impairment of investment:

Impairment exists when the carrying value of an asset or cash generating unit (“CGU”) exceeds its recoverable amount, which is the higher
of its fair value less costs of disposal and its value in use. The fair value less costs of disposal calculation is based on available data from
binding sales transactions, conducted at arm’s length, for similar assets or observable market prices less incremental costs for disposing of the
asset. The value in use calculation is based on a discounted cash flow (“DCF”) model, and involves use of significant estimates and
assumptions including turnover, earning multiples, growth rates and net margins used to calculate projected future cash flows, risk adjusted
discounted rate, future economic and market conditions.

b
Fair value measurement of financial instruments

When the fair value of financial assets and financial liabilities recorded in the balance sheet cannot be measured based on quoted prices in
active markets, their fair value is measured using valuation techniques including the DCF model. The policy has been further explained under
note 2.13.

c
Defined benefit plans

The cost of the defined benefit gratuity plan and other post-employment benefits and the present value of the gratuity obligation is
determined using actuarial valuation. An actuarial valuation involves making various assumptions that may differ from actual developments
in the future. These include the determination of the discount rate, future salary increases and mortality rates. Due to the complexities
involved in the valuation and its long-term nature, a defined benefit obligation is highly sensitive to changes in these assumptions. All
assumptions are reviewed at each reporting date. The parameter most subject to change is the discount rate. In determining the appropriate
discount rate for plans operated in India, the management considers the interest rates of government bonds in currencies consistent with the
currencies of the post-employment benefit obligation.

The mortality rate is based on publicly available mortality tables. These mortality tables tend to change only at interval in response to
demographic changes. Future salary increases and gratuity increases are based on expected future inflation rates. The assumptions and
models used for defined benefit plan are disclosed in note 32.
d
Share-based payments

Estimating fair value for share-based payment transactions requires determination of the most appropriate valuation model, which is
dependent on the terms and conditions of the grant. This estimate also requires determination of the most appropriate inputs to the valuation
model including the expected life of the share option, volatility, dividend yield, forfeiture rate and making assumptions about them. The
assumptions and models used for estimating fair value for share-based payment transactions are disclosed in note 33.
e
Useful lives of property, plant and equipment

The Group reviews the useful life of property, plant and equipment at the end of each reporting period. This reassessment may result in
change in depreciation expense in future periods.
f
Taxes

Significant judgments are involved in determining the provision for income taxes and tax credits including the amount expected to be paid or
refunded. The Group reviews the carrying amount of deferred tax assets at the end of each reporting period. The policy for the same has been
explained under note 2.21.
g
Business combination

In accounting for business combinations, judgment is required whether Group has control over the entity acquired. Control is achieved when
the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns
through its power over the investee. Specifically, the Group controls an investee if and only if the Group has:

• Power over the investee (i.e. existing rights that give it the current ability to direct the relevant activities of the investee)
• The ability to use its power over the investee to affect its returns.
• Exposure or rights to variable return from its involvement with the investee.

Generally, there is a presumption that a majority of voting rights result in control. To support this presumption and when the Group has less
than a majority of the voting or similar rights of an investee, the Group considers all relevant facts and circumstances in assessing whether it
has power over an investee, including:
• The contractual arrangement with the other vote holders of the investee
• The Group’s voting rights and potential voting rights
• The size of the group’s holding of voting rights relative to the size and dispersion of the holdings of the other voting rights holders.
• Right arising from other contractual arrangements.
h
Leases

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BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

The Group evaluates if an arrangement qualifies to be a lease as per the requirements of Ind AS 116. Identification of a lease requires
significant judgment. The Group uses significant judgement in assessing the lease term (including anticipated renewals) and the applicable
discount rate.

The Group determines the lease term as the non-cancellable period of a lease, together with both periods covered by an option to extend the
lease if the Group is reasonably certain to exercise that option; and periods covered by an option to terminate the lease if the Group is
reasonably certain not to exercise that option. In assessing whether the Group is reasonably certain to exercise an option to extend a lease, or
not to exercise an option to terminate a lease, it considers all relevant facts and circumstances that create an economic incentive for the Group
to exercise the option to extend the lease, or not to exercise the option to terminate the lease. The Group revises the lease term if there is a
change in the non-cancellable period of a lease.

The discount rate is generally based on the incremental borrowing rate to the lease being evaluated or for a portfolio of leases with similar
characteristics.
i
Impairment of goodwill

A cash generating unit to which goodwill has been allocated is tested for impairment annually, or more frequently when there is an indication
that the unit may be impaired.

The impairment indicators, the estimation of expected future cash flows and the determination of the fair value of CGU (including Goodwill)
require the Management to make significant judgements, estimates and assumptions concerning the identification and validation of
impairment indicators, fair value of assets, revenue growth rates and operating margins used to calculate projected future cash flows, relevant
risk-adjusted discount rate, future economic and market conditions, etc.

j
Provisions and contingent liabilities

The Group estimates the provisions that have present obligations as a result of past events and it is probable that outflow of resources will be
required to settle the obligations. These provisions are reviewed at the end of each reporting period and are adjusted to reflect the current best
estimates. The Group uses significant judgement to disclose contingent liabilities. Contingent liabilities are disclosed when there is a possible
obligation arising from past events, the existence of which will be confirmed only by the occurrence or non-occurrence of one or more
uncertain future events not wholly within the control of the Group or a present obligation that arises from past events where it is either not
probable that an outflow of resources will be required to settle the obligation or a reliable estimate of the amount cannot be made. Contingent
assets are neither recognised nor disclosed in the Consolidated Financial Information.
2.5
Current and Non-current classification

The operating cycle is the time between the acquisition of assets/inputs for processing and their realisation in cash and cash equivalents. The
Group has identified twelve months as its operating cycle.

The Group presents assets and liabilities in the balance sheet based on current/non-current classification.

An asset is treated as current when it is:

> Expected to be realised or intended to be sold or consumed in normal operating cycle

> Held primarily for the purpose of trading

> Expected to be realised within twelve months after the reporting period, or

> Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting
period

All other assets are classified as non-current.

A liability is current when:

> It is expected to be settled in normal operating cycle

> It is held primarily for the purpose of trading

> It is due to be settled within twelve months after the reporting period, or

> There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period

The Group classifies all other liabilities as non-current.

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BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

2.6
Revenue recognition

The Group generates revenue mainly from providing online platform services to partner merchants (including restaurant merchants, grocery
merchants and delivery partners), advertisement services, sale of food and traded goods, subscriptions and other platform services.

Revenue is recognised when control of goods and services is transferred to the customer upon the satisfaction of performance obligation
under the contract at an amount that reflects the consideration to which the Group expects to be entitled in exchange for those goods or
services.

Where performance obligation is satisfied over time, Group recognizes revenue over the contract period. Where performance obligation is
satisfied at a point in time, Group recognizes revenue when customer obtains control of promised goods and services in the contract.
Revenue is measured net of taxes.
a
Order facilitation fee:

Group generates income from partner merchants for facilitating food/grocery ordering and delivery services through its technology platform.
Income generated from partner merchants, for use of its platform related services is recognised when the transaction is completed as per the
terms of the arrangement with the respective partner merchants, being the point at which the Group has no remaining performance obligation.

The fulfilment of the order is the responsibility of partner merchants, accordingly, the gross order value is not recognised as revenue, only the
order facilitation fee to which the Group is entitled is recognised as revenue.
b
Delivery income:

Group earned delivery income by providing food/grocery delivery services. Such income was recorded by the Group on gross basis, as
fulfilment of the food/grocery delivery order was responsibility of the Group. Delivery fee was recognised as revenue at the point of order
fulfilment.

Effective August 2020, the Group is merely a technology platform provider connecting delivery partners with the Restaurant partners and the
consumers and generates income from Lead generation only.
c
Advertisement revenue:

Advertisement revenue is generated from the sponsored listing fees paid by partner merchants and brands. Advertisement revenue is
recognized when a consumer engages with the sponsored listing based on the number of clicks. There are certain contracts, where, in
addition to the clicks, the Group sells online advertisements which is usually run over a contracted period of time. Revenue is presented on a
gross basis in the amount billed to partner merchants as the Group controls the advertisement space.

d
Onboarding fee:

Partner merchants pay one-time non-refundable fees to join the Group's network. These are recognised on receipt or over a period of time in
accordance with terms of agreement entered into with such relevant partner.
e
Subscription fee:

Revenue from the subscription contracts is recognised over the subscription period on a systematic basis in accordance with the terms of
agreement entered into with the customer.
f
Income from sale of food and traded goods:

Revenue from sale of food and traded goods are recognised when the performance obligations are satisfied i.e. when control of promised
goods are transferred to the customer i.e. when the food or traded goods are delivered to the customer.
g
Discounts/ incentives:

The Group provides various types of incentives to consumers to promote the transactions on our platform. Since the Group identified the
transacting consumers as one of our customers for delivery services when the Group is responsible for the delivery services, the incentives
offered to transacting consumers are considered as payment to customers and recorded as reduction of revenue on a transaction by transaction
basis. The amount of incentive in excess of the delivery fee collected from the transacting consumers is recorded as Advertising and
marketing expenses.

When incentives are provided to transacting consumers where the Group is not responsible for delivery, the transacting consumers are not
considered customers of the Group, and such incentives are recorded as Advertising and marketing expenses.
h
Contract balances

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BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

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 the
consideration is due). Refer to accounting policies of financial assets in section 2.13 b for initial recognition and subsequent measurement of
financial assets.

Contract liabilities
A contract liability is recognised if a payment is received or a payment is due (whichever is earlier) from a customer before the Group
transfers the related goods or services. Contract liabilities are recognised as revenue when the Group performs under the contract (i.e.,
transfers control of the related goods or services to the customer).
i.
Other income:

Profit on sale of mutual funds and fair value impact on mark to mark contracts are recognised on transaction completion and or on reporting
date as applicable.
Interest income is recognised using the effective interest method or time-proportion method, based on rates implicit in the transaction.
Dividend income is recognized when the Group’s right to receive Dividend is established.
2.7
Property, plant and equipment

Plant and equipment is stated at cost, net of accumulated depreciation and accumulated impairment losses, if any. The cost comprises
purchase price, borrowing costs if capitalization criteria are met, directly attributable cost of bringing the plant and equipment to its working
condition for the intended use and cost of replacing part of the plant and equipment.

When significant parts of plant and equipment are required to be replaced at intervals, the Group depreciates them separately based on their
specific useful lives. Likewise, when a major inspection is performed, its cost is recognised in the carrying amount of the plant and
equipment as a replacement if the recognition criteria are satisfied. All other repair and maintenance costs are recognised in Consolidated
Statement of Profit or Loss as incurred. The present value of the expected cost for the decommissioning of an asset after its use is included in
the cost of the respective asset if the recognition criteria for a provision are met.

Gains or losses arising from derecognition of the assets are measured as the difference between the net disposal proceeds and the carrying
amounts of the assets and are recognized in the Consolidated Statement of Profit and Loss when the assets are derecognized.

Capital work in progress:

Amount paid towards the acquisition of property, plant and equipment outstanding as of each reporting date and the cost of property, plant
and equipment not ready for intended use before such date are disclosed under capital work-in-progress. The capital work- in-progress is
carried at cost, comprising direct cost, related incidental expenses and attributable interest. No depreciation is charged on the capital work in
progress until the asset is ready for the intended use.
2.8
Intangible assets

Intangible assets acquired separately are measured on initial recognition at cost. The cost of intangible assets acquired in a business
combination are measured at fair value at the date of acquisition. Following initial recognition, intangible assets are carried at cost less any
accumulated amortisation and accumulated impairment losses. Internally generated intangibles, excluding capitalised development costs, are
not capitalised and the related expenditure is reflected in standalone statement of profit and loss in the period in which the expenditure is
incurred.

Intangible assets with finite lives are amortised over the useful economic life and assessed for impairment whenever there is an indication
that the intangible asset may be impaired. The amortisation period and the amortisation method for an intangible asset with a finite useful life
are reviewed at least at the end of each reporting period. Changes in the expected useful life or the expected pattern of consumption of future
economic benefits embodied in the asset are considered to modify the amortisation period or method, as appropriate, and are treated as
changes in accounting estimates.

Gains or losses arising from derecognition of an intangible asset are measured as the difference between the net disposal proceeds and the
carrying amount of the asset and are recognised in the standalone statement of profit and loss when the asset is derecognised.
2.9
Depreciation and amortisation

Depreciation on property, plant and equipment and amortisation on intangible assets with finite useful lives is calculated on a straight-line
basis over the useful lives of the assets estimated by the management.

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BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

The Group has used the following useful lives to provide depreciation on plant and equipment and amortisation of intangible assets:

Asset category Useful lives estimated by the management

Plant and equipment* 5

Office equipment 5

Computer equipment 3

Furniture and fixtures* 5

Leasehold improvements Lower of lease term or useful life

Computer software 5

Non-compete asset 3

Other intangible assets 1 to 3

* Based on an internal technical evaluation, management believes that the useful lives in the table above are realistic and reflect fair
approximation of the period over which the assets are likely to be used. Hence, the useful lives for these assets is different from the useful
lives as prescribed under part C of Schedule II of The Companies Act 2013.

The residual values, useful lives and methods of depreciation of property, plant and equipment are reviewed at the end of each reporting
period and adjusted prospectively, if appropriate.

Intangible assets with finite lives are assessed for impairment whenever there is an indication that the intangible asset may be impaired. The
amortisation period and the amortisation method for an intangible asset with a finite useful life are reviewed at least at the end of each
reporting period. Changes in the expected useful life or the expected pattern of consumption of future economic benefits embodied in the
asset are adjusted prospectively.
2.10
Impairment

Impairment of Financial Assets

The Group assesses at the end of each reporting period whether a financial asset or a group of financial assets is impaired. Ind AS 109
(‘Financial instruments’) requires expected credit losses to be measured through a loss allowance. The Group recognises lifetime expected
losses for all contract assets and/or all trade receivables that do not constitute a financing transaction. For all other financial assets, expected
credit losses are measured at an amount equal to the 12 month expected credit losses or at an amount equal to the lifetime expected credit
losses if the credit risk on the financial asset has increased significantly since initial recognition.

Impairment of non-financial assets:

Non-financial assets including property, plant and equipment and intangible assets with finite life and intangible assets under development
are evaluated for recoverability whenever there is any indication that their carrying amounts may not be recoverable. If any such indication
exists, the recoverable amount (i.e. higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis
unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is
determined for the CGU to which the asset belongs.

If the recoverable amount of an asset (or CGU) is estimated to be less than its carrying amount, the carrying amount of the asset (or CGU) is
reduced to its recoverable amount. An impairment loss is recognised in the Consolidated Statement of Profit and Loss. For assets excluding
goodwill , an assessment is made at each reporting date to determine whether there is an indication that previously recognised impairment
losses no longer exist or have decreased. If such indication exists, the Group estimates the asset’s or CGU’s recoverable amount.

In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate 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 are taken into account, if available. If no such transactions can be identified, an appropriate valuation model is
used.

A previously recognised impairment loss is reversed only if there has been a change in the assumptions used to determine the asset’s
recoverable amount since the last impairment loss was recognised. The reversal is limited so that the carrying amount of the asset does not
exceed its recoverable amount, nor exceed the carrying amount that would have been determined, net of depreciation, had no impairment loss
been recognised for the asset in prior years. Such reversal is recognised in the Consolidated Statement of Profit and Loss unless the asset is
carried at a revalued amount, in which case, the reversal is treated as a revaluation increase.

A cash generating unit to which goodwill has been allocated is tested for impairment annually, or more frequently when there is an indication

45
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

that the unit may be impaired. If the recoverable amount of the cash generating unit is less than its carrying amount, the impairment loss is
allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro rata based on the
carrying amount of each asset in the unit. Any impairment loss for goodwill is recognised in Consolidated statement of profit and loss. An
impairment loss recognised for goodwill is not reversed in subsequent periods.
2.11
Leases

Group as a lessee

The Group’s lease assets primarily consist of leases for buildings. The Group assesses whether a contract contains a lease at the inception of
a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in
exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Group assesses
whether: (i) the contract involves the use of an identified asset (ii) the Group has substantially all of the economic benefits from use of the
asset through the period of the lease and (iii) the Group has the right to direct the use of the asset.

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

i) Right-of-use assets
The Group 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, lease payments
made at or before the commencement date less any lease incentives received and an estimate of costs to be incurred by the lessee in
dismantling and removing the underlying asset, restoring the site on which it is located or restoring the underlying asset to the condition
required by the terms and conditions of the lease. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term
or the estimated useful lives of the assets whichever is earlier.

If ownership of the leased asset transfers to the Group 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 2.10, Impairment of non-financial assets.

ii) Lease liabilities

At the commencement date of the lease, the Group 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 Group and payments of penalties for
terminating the lease, if the lease term reflects the Group exercising the option to terminate. 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 Group uses its incremental borrowing rate at the lease commencement date as 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
Group’s lease liabilities are included in financial liabilities.

iii) Short-term leases and leases of low-value assets

The Group applies the short-term lease exemption (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 of assets that are
considered to be 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.

Group as a lessor

Leases in which the Group does not transfer substantially all the risks and rewards incidental to ownership of an asset are classified as
operating leases. Rental income arising is accounted for on a straight-line basis over the lease terms and is included in revenue in the
Consolidated Statement of Profit or Loss due to its operating nature. Initial direct costs incurred in negotiating and arranging an operating
lease are added to the carrying amount of the leased asset and recognised over the lease term on the same basis as rental income. Contingent
rents are recognised as revenue in the period in which they are earned.
2.12
Investments in associate

An associate is an entity over which the Group has significant influence. Significant influence is the power to participate in the financial and
operating policy decisions of the investee, but is not control or joint control over those policies.

The Group’s investments in its associate is accounted for using the equity method. Under the equity method, the investment in an associate is
initially recognised at cost. The carrying amount of the investment is adjusted to recognise changes in the Group’s share of net assets of the

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BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

associate since the acquisition date. Goodwill relating to the associate is included in the carrying amount of the investment and is not tested
for impairment individually.

The statement of profit and loss reflects the Group’s share of the results of operations of the associate. Any change in OCI of those investees
is presented as part of the Group’s OCI. In addition, when there has been a change recognised directly in the equity of the associate, the
Group recognises its share of any changes, when applicable, in the statement of changes in equity. Unrealised gains and losses resulting from
transactions between the Group and the associate is eliminated to the extent of the interest in the associate.

On disposal of an investment, the difference between its carrying amount and net disposal proceeds is charged or credited to the
Consolidated Statement of Profit and Loss.
2.13
Financial instruments

Financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another
entity.
Financial assets and liabilities are recognised when the Group becomes a party to the contract that gives rise to financial assets and liabilities.
Financial assets and liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issue of
financial assets and financial liabilities (other than financial assets and financial liabilities at fair value through profit or loss) are added to or
deducted from the fair value measured on initial recognition of financial asset or financial liability.
A . Cash and cash equivalents
The Group considers all highly liquid financial instruments, which are readily convertible into known amounts of cash that are subject to an
insignificant risk of change in value and having original maturities of three months or less from the date of purchase, to be cash equivalents.
Cash and cash equivalents consist of balances with banks which are unrestricted for withdrawal and usage.
B. Financial assets
Financial assets are recognised when the Group becomes a party to the contractual provisions of the instrument.

Initial recognition and measurement

On initial recognition, a financial asset is recognised at fair value. In case of Financial assets which are recognised at fair value through profit
and loss (FVTPL), its transaction cost is recognised in the statement of profit and loss. In other cases, the transaction cost is attributed to the
acquisition value of the financial asset.

Financial assets are subsequent classified and measured at:

• Amortised cost
• Fair value through profit and loss (FVTPL)
• Fair value through other comprehensive income (FVOCI)

Financial assets are not reclassified subsequent to their recognition, except during the period the group changes its business model for
managing financial assets.

Financial assets at amortised cost (debt instruments)

The financial asset is measured at the amortised cost if both the following conditions are met:

a) The asset is held within a business model whose objective is to hold assets for collecting contractual cash flows, and
b) Contractual terms of the asset give rise on specified dates to cash flows that are solely payments of principal and interest (SPPI) on the
principal amount outstanding.

After initial measurement, such financial assets are subsequently measured at amortised cost using the effective interest rate (EIR) method.
Amortised cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the
EIR. The EIR amortisation is included in finance income in the profit or loss. The losses arising from impairment are recognised in the profit
or loss. This category generally applies to trade and other receivables.

Financial assets at FVTPL (Debt instrument)

FVTPL is a residual category for debt instruments. Any debt instrument, which does not meet the criteria for categorization as at amortized
cost or as FVTOCI, is classified as at FVTPL.

In addition, the Group may elect to designate a debt instrument, which otherwise meets amortized cost or FVTOCI criteria, as at FVTPL.
However, such election is allowed only if doing so reduces or eliminates a measurement or recognition inconsistency (referred to as
‘accounting mismatch’).

Debt instruments included within the FVTPL category are measured at fair value with all changes recognized in the Statement of Profit and
Loss.

Financial assets at FVOCI (Debt instrument)

A debt instrument is measured at FVOCI if it meets both of the following conditions and is not designated as at FVTPL:

a) The asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial
assets, and
b) Contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest (SPPI)
on the principal amount outstanding

Derecognition
A financial asset (or, where applicable, a part of a financial asset or part of a Group of similar financial assets) is primarily derecognised (i.e.
removed from the balance sheet) when:

• The rights to receive cash flows from the asset have expired, or
• The Group has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full

47
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

without material delay to a third party under a ‘pass-through’ arrangement; and either

(a) the Group has transferred substantially all the risks and rewards of the asset, or

(b) the Group has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset.

When the Group has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement, it evaluates if
and to what extent it has retained the risks and rewards of ownership. When it has neither transferred nor retained substantially all of the risks
and rewards of the asset, nor transferred control of the asset, the Group continues to recognise the transferred asset to the extent of the
Group’s continuing involvement. In that case, the Group also recognises an associated liability. The transferred asset and the associated
liability are measured on a basis that reflects the rights and obligations that the Group has retained.

C. Financial liabilities
Initial recognition and measurement
Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss or at amortised cost (loans
and borrowings, payables), as appropriate.

All financial liabilities are recognised initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable
transaction costs.

The Group’s financial liabilities include trade and other payables, loans and borrowings including bank overdrafts.

Subsequent measurement
The measurement of financial liabilities depends on their classification, as described below:

Financial liabilities at fair value through profit or loss

Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon
initial recognition as at fair value through profit or loss. Financial liabilities are classified as held for trading if they are incurred for the
purpose of repurchasing in the near term.

Gains or losses on liabilities held for trading are recognised in the profit or loss.

Financial liabilities designated upon initial recognition at fair value through profit or loss are designated as such at the initial date of
recognition, only if the criteria in Ind AS 109 are satisfied. For liabilities designated as FVTPL, fair value gains/ losses attributable to
changes in own credit risk are recognized in OCI. These gains/ loss are not subsequently transferred to Profit and Loss. However, the Group
may transfer the cumulative gain or loss within equity. All other changes in fair value of such liability are recognised in the statement of
profit or loss. The Group has not designated any financial liability as at fair value through profit and loss.

Loans and borrowings

After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortised cost using the EIR method. Gains and
losses are recognised in profit or loss when the liabilities are derecognised as well as through the EIR amortisation process. Amortised cost
is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR
amortisation is included as finance costs in the statement of profit and loss.

Derecognition
A financial liability is derecognised when the obligation under the liability is discharged or cancelled or expires. When an existing financial
liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially
modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The
difference in the respective carrying amounts is recognised in the statement of profit or loss.
D. Offsetting of financial instruments
Financial assets and financial liabilities are offset and the net amount is reported in the balance sheet if there is a currently enforceable legal
right to offset the recognised amounts and there is an intention to settle on a net basis, to realise the assets and settle the liabilities
simultaneously.

2.14
Fair value measurement
In determining the fair value of its financial instruments, the Group uses following hierarchy and assumptions that are based on market
conditions and risks existing at each reporting date.

All assets and liabilities for which fair value is measured or disclosed in the Consolidated Financial Information are categorised within the
fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole:

Level 1 — Quoted (unadjusted) market prices in active markets for identical assets or liabilities.
Level 2 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly
observable.
Level 3 — Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable.
For assets and liabilities that are recognised in the Consolidated Financial Information on a recurring basis, the Group determines whether
transfers have occurred between levels in the hierarchy by re-assessing categorisation (based on the lowest level input that is significant to
the fair value measurement as a whole) at the end of each reporting period.
2.15
Inventories
Inventory is stated at the lower of cost and net realisable value. Cost of inventories comprise of all cost of purchase and other cost incurred
in bringing the inventories to their present location and condition. Cost is determined using weighted average method. Net realisable value is
the estimated selling price in the ordinary course of business, less estimated costs of completion and the estimated costs necessary to make
the sale.
2.16

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BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Borrowing cost
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 capitalised as part of the cost of the asset. 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 the borrowing costs.
2.17
Share issue expenses
Share issue expenses eligible to be capitalised are adjusted with securities premium.

2.18
Foreign currency:
Transactions in foreign currencies are initially recorded by the respective entities of the Group at their respective functional currency spot
rates, at the date the transaction first qualifies for recognition.

Monetary assets and liabilities denominated in foreign currencies are translated at the functional currency spot rates of exchange at the
reporting date. Exchange differences arising on settlement or translation of monetary items are recognised as income or expenses in the
period in which they arise.

Non-monetary items that are measured in terms of historical cost in a foreign currency are translated using the exchange rates at the dates of
the initial transactions.

2.19
Share based payments
The Group measures compensation cost relating to employee stock options plans using the fair valuation method in accordance with Ind AS
102, Share-Based Payment. Compensation expense is amortized over the vesting period as per graded vesting method. The cost of
equity-settled transactions is determined by the fair value at the date when the grant is made using an appropriate valuation model. That cost
is recognised, together with a corresponding increase in employee stock options reserves in other equity, over the period in which the
performance and/or service conditions are fulfilled in employee benefits expense. The cumulative expense recognised for equity-settled
transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the Group’s best
estimate of the number of equity instruments that will ultimately vest.

When an award is cancelled by the Group or by the counterparty, any remaining element of the fair value of the award is expensed
immediately through the Statement of Profit and Loss.

The dilutive effect of outstanding options is reflected as additional share dilution in the computation of diluted earnings per share.
2.20
Employee benefits
Employee benefits consists of Salaries, wages, bonus, contribution to provident and other funds, share bases payment expense and staff
welfare expense.

Defined contribution plans

The Group’s contributions to defined contribution plans (provident fund) are recognized in Consolidated Statement of Profit and Loss when
the employee renders related service.

Defined benefit plans

Gratuity, which is a defined benefit plan, is accrued based on an independent actuarial valuation, which is carried out based on project unit
credit method as at the balance sheet date. The Group recognizes the net obligation of a defined benefit plan in its Consolidated Balance
Sheet as liability. Actuarial gains and losses through re-measurements of the net defined benefit liability/ (asset) are recognized in other
comprehensive income. In accordance with Ind AS, re-measurement gains and losses on defined benefit plans recognised in OCI are not to
be subsequently reclassified to the Consolidated Statement of Profit and Loss. As required under Ind AS compliant Schedule III, the Group
transfers it immediately to “surplus/(deficit) in the statement of profit and loss under other equity.

Net interest is calculated by applying the discount rate to the net defined benefit liability or asset. The Group recognises the following
changes in the net defined benefit obligation as an expense in the Consolidated Statement of Profit and Loss:
- Service costs comprising current service costs, past-service costs, gains and losses on curtailments and non-routine settlements; and
- Net interest expense or income

Short-term employee benefits

Short-term employee benefits expected to be paid in exchange for the services rendered by employees are recognised during the year when
the employees render the service. Compensated absences, which are expected to be utilised within the next 12 months, are treated as
short-term employee benefits. The Group measures the expected cost of such absences as the additional amount that it expects to pay as a
result of the unused entitlement that has accumulated at the reporting date.

Long-term employee benefits

Compensated absences which are not expected to occur within twelve months after the end of the period in which the employees render the
related services are treated as long-term employee benefits for measurement purpose. Such long-term compensated absences are provided for
based on the actuarial valuation using the projected unit credit method at the year end, less the fair value of the plan assets out of which the
obligations are expected to be settled. Actuarial gains/losses are immediately taken to the Consolidated Statement of Profit and Loss and are
not deferred.

The Group presents the entire compensated absences balance as a current liability in the Consolidated Financial Information, since it does
not have an unconditional right to defer its settlement for twelve months after the reporting date.

49
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

2.21
Taxes on income
Income tax expense comprises current tax expense and the net change in the deferred tax asset or liability during the year. Current and
deferred tax are recognised in the Consolidated Statement of Profit and Loss, except when they relate to items that are recognised in other
comprehensive income or directly in other equity, in which case, the current and deferred tax are also recognised in other comprehensive
income or directly in equity, respectively.

Current income tax

Current income tax for the current and prior periods are measured at the amount expected to be recovered from or paid to the taxation
authorities based on the taxable income for that period. The tax rates and tax laws used to compute the amount are those that are enacted or
substantively enacted as at the balance sheet date.
Current income tax relating to items recognised outside profit or loss is recognised outside profit or loss (either in OCI or in equity).

Deferred income tax

Deferred income tax is recognised using the balance sheet approach, deferred tax is recognized on temporary differences at the balance sheet
date between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes, except when the deferred
income tax arises from the initial recognition of goodwill or an asset or liability in a transaction that is not a business combination and affects
neither accounting nor taxable profit or loss at the time of the transaction.

Deferred income tax assets are recognized for all deductible temporary differences, carry forward of unused tax credits and unused tax losses,
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 income tax assets is reviewed at each balance sheet 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 income tax asset to be utilized.

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

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 concerned company will pay normal income tax during the
specified period, i.e., the period 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.

2.22
Provision (other than employee benefits) and contingent liabilities
A provision is recognized when Group has a present obligation (legal or constructive) as a result of past event and it is probable that an
outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made of the amount of the
obligation. If the effect of time value of money is material, provision is discounted using a current pre-tax rate that reflects, when appropriate,
the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of time is recognised as a finance
cost. When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, the receivable
is recognized as an asset, if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured
reliably.

Provisions for onerous contracts, i.e. contracts where the expected unavoidable costs of meeting obligations under a contract exceed the
economic benefits expected to be received, are recognized when it is probable that an outflow of resources embodying economic benefits will
be required to settle a present obligation as a result of an obligating event, based on a reliable estimate of such obligation.

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or
non-occurrence of one or more uncertain future events beyond the control of the Group or a present obligation that is not recognized because
it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare
cases where there is a liability that cannot be recognized because it cannot be measured reliably. The Group does not recognize a contingent
liability but discloses its existence in the Consolidated Financial Information.

2.23
Earnings/(loss) per share
Basic earnings/(loss) per share is computed by dividing the profit/(loss) after tax attributable to the equity holders of the Group by the
weighted average number of equity shares outstanding during the year.

Diluted earnings per share is computed by dividing the profit/(loss) after tax as adjusted for dividend, interest (net of any attributable taxes)
other charges to expense or income relating to the dilutive potential equity shares, by the weighted average number of equity shares
considered for deriving basic earnings per share and the weighted average number of equity shares which could have been issued on the
conversion of all dilutive potential equity shares.

Potential equity shares are deemed to be dilutive only if their conversion to equity shares would decrease the net profit per share or increase
the net loss per share. Potential dilutive equity shares are deemed to be converted as at the beginning of the period, unless they have been
issued at a later date. Dilutive potential equity shares are determined independently for each period presented. The Group did not have any
potentially dilutive securities in any of the years presented.

2.24
Segment reporting
Operating segment are reported in a manner consistent with the internal reporting provided to the chief operating decision maker. The Chief
Executive Officer has been identified as the chief decision maker.

50
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

The Group identifies primary segments based on the dominant source, nature of risks and returns and the internal organization and
management structure. The operating segments are the segments for which separate financial information is available and for which
operating profit/loss amounts are evaluated regularly by the chief decision maker in deciding how to allocate resources and in assessing
performance, the analysis of geographical segments is based on the areas in which major operating divisions of the Group operate.

The accounting policies adopted for segment reporting are in line with the accounting policies of the Group. Segment revenue, segment
expenses, segment assets and segment liabilities have been identified to the segments on the basis of their relationship to the operating
activities of the segment.

Inter-segment revenue is accounted on the basis of transactions which are primarily determined based on market / fair value factors.

Revenue, expenses, assets and liabilities which relate to the Group as a whole and are not allocable to segments on reasonable basis have
been included under “unallocated revenue / expenses / assets / liabilities".
2.25
Consolidated statement of cash flow
Cash flows are reported using the indirect method, whereby profit/(loss) for the period is adjusted for the effects of transactions of a non-cash
nature, any deferrals or accruals of past or future operating cash receipts or payments and item of income or expenses associated with
investing or financing cash flows. The cash flows from operating, investing and financing activities of the Group are segregated.

For the purpose of Consolidated Statement of Cash Flows, cash and cash equivalents comprise the total of current portion of cash and cash
equivalents as disclosed in cash and cash equivalent schedule.

2.26
Recent accounting pronouncements
The 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. On March 23, 2022, MCA amended the Companies (Indian Accounting Standards)
Amendment Rules, 2022, applicable from April 1st, 2022, below are the amendments which are relevant to the Group. Based on preliminary
assessment, the Group does not expect these amendments to have any significant impact on its Consolidated Financial Statements. The
Group has not early adopted any other standard or amendment that has been issued but is not yet effective.

(i) Ind AS 16 - Property Plant and equipment: The amendment clarifies that excess of net sale proceeds of items produced over the cost of
testing, if any, shall not be recognized in the profit or loss but deducted from the directly attributable costs considered as part of cost of an
item of property, plant, and equipment.

(ii) Ind AS 37 - Provisions, Contingent Liabilities and Contingent Assets: The amendment specifies that the ‘cost of fulfilling’ a contract
comprises the ‘costs that relate directly to the contract’. Costs that relate directly to a contract can either be incremental costs of fulfilling that
contract (examples would be direct labour, materials) or an allocation of other costs that relate directly to fulfilling contracts (an example
would be the allocation of the depreciation charge for an item of property, plant and equipment used in fulfilling the contract).

(iii) Ind AS 103 - Business combination: The amendment states that to qualify for recognition as part of applying the acquisition method, the
identifiable assets acquired and liabilities assumed must meet the definitions of assets and liabilities in the Framework for the Preparation and
Presentation of Financial Statements in accordance with Indian Accounting Standards issued by the Institute of Chartered Accountants of
India at the acquisition date. Therefore, the acquirer does not recognise those costs as part of applying the acquisition method. Instead, the
acquirer recognises those costs in its post-combination financial statements in accordance with other Ind AS.

(iv) Ind AS 109 - Financial Instruments: The amendment clarifies which fees an entity includes when it applies the ‘10 percent’ test of Ind
AS 109 in assessing whether to derecognise a financial liability.

(v) Ind AS 116 - Leases : The amendment removes the illustration of the reimbursement of leasehold improvements by the lessor in order to
resolve any potential confusion regarding the treatment of lease incentives that might arise because of how lease incentives were described in
that illustration.
2.27
Impact of COVID -19 (Pandemic)

The Group has taken into account all the possible impacts of COVID-19 in preparation of this consolidated financial statements, including
but not limited to its assessment of, liquidity and going concern assumption, recoverable values of its financial and non-financial assets,
impact on revenue recognition, impact on leases etc.
The Group has carried out this assessment based on available internal and external sources of information upto the date of approval of these
consolidated financial statements and believes that the impact of COVID-19 except to the impact already considered in the consolidated

51
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

financial statements is not material to these consolidated financial statements and expects to recover the carrying amounts of its assets as at
Mar 31, 2022. The impact of COVID-19 on the consolidated financial statements may differ from that estimated as at the date of approval of
these consolidated financial statements owing to the nature and duration of COVID-19.

Capital Management

For the purpose of Group's capital management, capital includes subscribed

capital (equity and preference), securities premium and all other equity
reserves attributable to the owners of the Group. The Primary objective of the
Group's capital management is to safeguard the Group's ability to continue as a
going concern in order to finance the sustained growth in the business and to
protect the shareholders value.

The Group is predominantly equity financed, which is evident from the capital
structure below. The Group determines the capital requirement based on
annual operating plans and long-term and other strategic investment plans. The
funding requirements are met through equity and operating cash flows
generated. The Group is not subject to any externally imposed capital
requirements.

( Rs.
The capital structure and key performance indicators of the Group as at year
in
end is as follows:
Million)

Particulars As at As at

March 31,
March 31, 2022
2021

Debt to
I equity
position:

Total equity
attributable
A to the 1,22,669 17,374
shareholders
of the Group

B Borrowings:

Non-current
- 665
borrowings

Short term
- 253
borrowings

Total
- 918
borrowings

Total capital
C 1,22,669 18,292
(A+B)

Debt to
D equity ratio 0% 5%
(%) (B/A)

Total
borrowings
E as a % of 0% 5%
total capital
(B/C)

Total equity

52
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

F as a % of 100% 95%
total capital
(A/C)

Cash
II
position:

Cash and
cash 10,961 5,225
equivalents

Other
balances 77 1,800
with banks

Investment
in money
1,03,106 9,077
market
instruments

1,14,144 16,102

Compliance
with FDI
regulation:

The Group is
not owned and
is not controlled
by resident
Indian citizens.
The Group has
received foreign
direct
investment
(“FDI”) up to
~85% of its
paid-up share
capital and
resident Indian
citizens do not
have the ability
to appoint and
remove the
majority of the
Group’s board
of directors.
Accordingly, the
Group is
required to
comply with
regulations
applicable to
Foreign Direct
Investments.

FDI is governed by
(collectively,
“Exchange Control
Regulations”) (a)
the Foreign
Exchange
Management Act,
1999 (including the

53
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

rules and
regulations made
thereunder)
(“FEMA”),
(b)Foreign
Exchange
Management
(Non-debt
Instruments)
Rules, 2019
(Notification No.
S.O. 3732(E) dated
October 17, 2019)
as amended from
time to time (“NDI
Rules”) , and (c)
the consolidated
FDI policy effective
from August 28,
2017 and issued
by the Department
of Industrial Policy
and Promotion,
Ministry of
Commerce and
Industry (“DIPP”),
as amended and
restated from time
to time including

54
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

through various
‘Press Notes’ (“FDI
Policy”).

The Group has

evaluated the
guidance above
and has obtained a
legal opinion from
the external legal
counsel to
conclude that the
Company conducts
its businesses
under various
categories namely
‘sale of services
through
e-commerce’ and
‘sale of goods
through
e-commerce’
amongst others.
Accordingly the
conditions
enumerated in
Press Note No. 2
(2018 Series)
dated December
26, 2018 (“PN2”)
read with
Notification No.
FEMA. 20(R)
(6)/2019-RB dated
January 31, 2019
and Press Note
No. 3 (2016
Series) dated
March 29, 2016
(“PN3”) are not
applicable to the
Company whilst
undertaking
business under the
‘sale of services
through
e-commerce’
category.
Accordingly, the
Company has not
determined any
possible exposure
on account of
compliance with
conditions
enumerated under
PN2 and PN3. In
relation to the
business activities
relating to ‘sale of
goods through
e-commerce’, the
Company duly
complies with the
conditions set forth
under the FDI
Policy including
PN2.

55
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Additional
information
pursuant to para
2 of general
instructions for
the preparation
of consolidated
financial
statements:

Year ended
March 31, 2022

Share
Share in total
Name of the Net in profit
comprehensive
entity assets and
income
loss

Rs. in Rs. in Rs. in

% % %
Millions Millions Millions

Parent

Bundl
Technologies 1,36,470 111% -28,424 78% -28,455 78%
Private Limited

Indian
subsidiary

Scootsy
Logistics Private -3,200 -3% -2,954 8% -2,954 8%
Limited

Indian
subsidiary

Supr Infotech
Solutions -10,601 -9% -4,911 14% -4,903 14%
Private Limited

Indian associate

Maverix
Platforms - 0% - 0% - 0%
Private Limited

Total 1,22,669 100% -36,289 100% -36,312 100%

Year ended
March 31, 2021

Share
Share in total
Name of the Net in profit
comprehensive
entity assets and
income
loss

56
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Rs. in Rs. in Rs. in

Millions % Millions % Millions %

Parent

Bundl
Technologies 23,142 133% -13,194 82% -13,171 82%
Private Limited

Indian
subsidiary

Scootsy
Logistics Private -246 -1% -55 0% -55 0%
Limited

Indian
subsidiary

Supr Infotech
Solutions -5,698 -33% -2,867 18% -2,868 18%
Private Limited

Indian associate

Maverix
Platforms 176 1% -53 0% -53 0%
Private Limited

Total 17,374 100% -16,169 100% -16,147 100%

Impairment of
goodwill and
other intangible
assets

As on March 31,
2022, the Group
had assessed
the carrying
value of the
investment in
the subsidiary
(Suprdaily)
considering it's
restructuring
plan to suspend
operations in 5
out of 6 cities
with effect from
May 2022.

57
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Management
performed an
assessment of the
recoverable
amount of the CGU
based on the future
operational plan
and projected
cashflows and
based on the
assessment the
entire investment
as at March 31,
2022 has been
impaired in the
standalone
financial
statements of the
holding company.

The recoverable
amount of the
cash-generating
unit (CGU) has
been determined
based on the value
in use. Value in
use has been
determined based
on future cash
flows, after
considering current
economic
conditions and
trends, estimated
future operating
results, growth
rates, and
anticipated future
economic
conditions.

As at March 31,
2022, the
estimated cash
flows for a period
of 5 years were
developed using
internal forecasts,
and a pre-tax
discount rate of
24.5%.

The Group had

identified and
recognised
Goodwill and other
intangible assets
as a part of
business
acquisition of
suprdaily during FY
2019-20, As at
March 31, 2022,
the Group has
assessed the

58
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

carrying value of
these assets for
impairment and
accordingly
impaired the entire
carrying value of
Goodwill and other
intangible assets of

59
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Suprdaily as at
March 31, 2022.
(Refer note 29)

Acquisition of
Shandaar
Foods Private
Limited

On 2 November
2021, the Group
has purchased
Shandaar
Foods Private
Limited
("SFPL") as a
going concern
on a slump sale,
for a total
consideration of
INR 221 Million.
SFPL is
engaged in
manufacturing
of food products
and operates
several
centralized
cloud kitchens
across
Hyderabad and
Bengaluru. The
investment was
carried out
through a
business
transfer
agreement and
the entire
consideration
was paid during
November
2021. Refer
below for the
purchase price
allocation on the
date of
acquisition. The
pro-forma
effects of this
acquisition on
the Group's
financial
statements are
not material.

The purchase
price has been
allocated based
on the
Management's
estimates and
independent
appraisal of fair
value as
follows:

Balances

60
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Particulars recognised on

acquisition

Assets acquired

Property, Plant
4
and Equipment

Trade
2
receivables

Inventories 1

Total assets
7
acquired

Liabilities
Assumed

Trade Payables -33

Total Liabilities -33

Identifiable net
assets at fair -26
value

Fair value of
intangible
assets identified

Trademark 85

Non-Compete 14

Developed
38
Technology

Total identifiable
net assets at 111
fair value

Goodwill arising
109
on acquisition

Total purchase
220
consideration

Other notes
(i) Subsequent to the year end, the Company subscribed for 1,99,948 Series D CCPS shares of Roppen Transportation Services Private
Limited ('RTSPL') with a face value of Rs. 10 each, for a consideration of Rs. 9,505 million, which has been fully paid. RTSPL is engaged in
providing services as an on-demand technology-based transportation aggregator for two-wheelers and three-wheeler vehicles and operates
through the mobile application 'Rapido'.
(ii) On May 12, 2022, the Company had entered into a definitive agreement with Times Internet Limited to acquire restaurant tech and dining
out platform 'Dineout', as a going concern on a slump exchange basis, in exchange of 18,011,135 equity shares of the Company issued in
accordance with terms of the definitive agreement.
(iii) The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the company towards
Provident Fund and Gratuity. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on

61
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

November 13, 2020, and has invited suggestions from stakeholders which are under active consideration by the Ministry. The Company will
assess the impact and its evaluation once the subject rules are notified and will give appropriate impact in its financial statements in the
period in which the Code becomes effective and the related rules to determine the financial impact are published.

[610300] Notes - Accounting policies, changes in accounting estimates and errors

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of changes in accounting policies, accounting estimates and errors
[TextBlock]
Disclosure of initial application of standards or interpretations
[TextBlock]
Whether initial application of an Ind AS has an effect on the
No No
current period or any prior period
Disclosure of voluntary change in accounting policy [TextBlock]
Whether there is any voluntary change in accounting policy No No
Disclosure of changes in accounting estimates [TextBlock]
Whether there are changes in acounting estimates during the year No No

[400600] Notes - Property, plant and equipment

Disclosure of detailed information about property, plant and equipment [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Carrying amount [Member]
amount [Axis] amount [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 6,695 662 6,695
equipment
Acquisitions through business
combinations, property, plant and 4 0 4
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-1,559 -2,057
loss
Total Depreciation property plant and
-1,559 -2,057
equipment
Impairment loss recognised in profit
or loss, property, plant and -105 -1,481
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
3,024 2,913 4,232
equipment
Total disposals and retirements,
3,024 2,913 4,232
property, plant and equipment
Total increase (decrease) in property,
2,011 -5,789 2,467
plant and equipment
Property, plant and equipment at end of
7,738 5,727 11,516 13,027
period

62
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(2)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Property, plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 662
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
1,559 2,057
loss
Total Depreciation property plant and
1,559 2,057
equipment
Impairment loss recognised in profit
or loss, property, plant and 105 1,481
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
3,879 1,208 966
equipment
Total disposals and retirements,
3,879 1,208 966
property, plant and equipment
Total increase (decrease) in property,
-3,217 456 2,572
plant and equipment
Property, plant and equipment at end of
10,560 13,777 5,289 4,833
period

63
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(3)
Unless otherwise specified, all monetary values are in Millions of INR
Property, plant
Classes of property, plant and equipment [Axis] and equipment Buildings [Member]
[Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 3,551 452
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-902 -1,200
loss
Total Depreciation property plant and
-902 -1,200
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
2,367 2,758
equipment
Total disposals and retirements,
2,367 2,758
property, plant and equipment
Total increase (decrease) in property,
282 -3,506
plant and equipment
Property, plant and equipment at end of
2,261 4,622 4,340 7,846
period

64
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(4)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Gross carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 3,551 452
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
902
loss
Total Depreciation property plant and
902
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
3,109 3,654 742
equipment
Total disposals and retirements,
3,109 3,654 742
property, plant and equipment
Total increase (decrease) in property,
442 -3,202 160
plant and equipment
Property, plant and equipment at end of
6,448 6,006 9,208 1,826
period

65
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(5)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 3,551 452
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
1,200 -902 -1,200
loss
Total Depreciation property plant and
1,200 -902 -1,200
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
896 2,367 2,758
equipment
Total disposals and retirements,
896 2,367 2,758
property, plant and equipment
Total increase (decrease) in property,
304 282 -3,506
plant and equipment
Property, plant and equipment at end of
1,666 1,362 4,622 4,340
period

Disclosure of detailed information about property, plant and equipment [Table] ..(6)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Buildings [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Gross carrying amount [Member]
amount [Axis] [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 3,551 452
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
3,109 3,654
equipment
Total disposals and retirements,
3,109 3,654
property, plant and equipment
Total increase (decrease) in property,
442 -3,202
plant and equipment
Property, plant and equipment at end of
7,846 6,448 6,006 9,208
period

66
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(7)
Unless otherwise specified, all monetary values are in Millions of INR
Other building
Classes of property, plant and equipment [Axis] Buildings [Member]
[Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
assets [Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Accumulated depreciation and impairment [Member]
amount [Axis] [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 3,551
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
902 1,200 -902
loss
Total Depreciation property plant and
902 1,200 -902
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
742 896 2,367
equipment
Total disposals and retirements,
742 896 2,367
property, plant and equipment
Total increase (decrease) in property,
160 304 282
plant and equipment
Property, plant and equipment at end of
1,826 1,666 1,362 4,622
period

67
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(8)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other building [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 452 3,551 452
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-1,200
loss
Total Depreciation property plant and
-1,200
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
2,758 3,109 3,654
equipment
Total disposals and retirements,
2,758 3,109 3,654
property, plant and equipment
Total increase (decrease) in property,
-3,506 442 -3,202
plant and equipment
Property, plant and equipment at end of
4,340 7,846 6,448 6,006
period

Disclosure of detailed information about property, plant and equipment [Table] ..(9)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other building [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Accumulated depreciation and impairment [Member]
amount [Axis] amount [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
902 1,200
loss
Total Depreciation property plant and
902 1,200
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
742 896
equipment
Total disposals and retirements,
742 896
property, plant and equipment
Total increase (decrease) in property,
160 304
plant and equipment
Property, plant and equipment at end of
9,208 1,826 1,666 1,362
period

68
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(10)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other building [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Carrying amount [Member]
amount [Axis] amount [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 3,551 452 3,551
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-902 -1,200
loss
Total Depreciation property plant and
-902 -1,200
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
2,367 2,758 (A) 3,109
equipment
Total disposals and retirements,
2,367 2,758 3,109
property, plant and equipment
Total increase (decrease) in property,
282 -3,506 442
plant and equipment
Property, plant and equipment at end of
4,622 4,340 7,846 6,448
period

(A) Reclass of prepaid expenses recognised on security deposits as per Ind AS 109 -118 Disposal/ Derecognition during the year
-3109/-

69
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(11)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other building [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 452
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
902 1,200
loss
Total Depreciation property plant and
902 1,200
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
(A) 3,654 (B) 742 896
equipment
Total disposals and retirements,
3,654 742 896
property, plant and equipment
Total increase (decrease) in property,
-3,202 160 304
plant and equipment
Property, plant and equipment at end of
6,006 9,208 1,826 1,666
period

(A) Reclass of prepaid expenses recognised on security deposits as per Ind AS 109 -118 Disposal/ Derecognition during the year
-3,536
(B) Disposal/ Derecognition during the year (847) Impact of remeasurement 105

70
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(12)
Unless otherwise specified, all monetary values are in Millions of INR
Other building
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
[Member]
Assets held under
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
lease [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 38 36
equipment
Acquisitions through business
combinations, property, plant and 3 0
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-29 -111
loss
Total Depreciation property plant and
-29 -111
equipment
Impairment loss recognised in profit
or loss, property, plant and -2 -314
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
-3 1
equipment
Total disposals and retirements,
-3 1
property, plant and equipment
Total increase (decrease) in property,
13 -390
plant and equipment
Property, plant and equipment at end of
1,362 103 90 480
period

71
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(13)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Gross carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 38 36
equipment
Acquisitions through business
combinations, property, plant and 3 0
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
29
loss
Total Depreciation property plant and
29
equipment
Impairment loss recognised in profit
or loss, property, plant and 2
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
9 1 12
equipment
Total disposals and retirements,
9 1 12
property, plant and equipment
Total increase (decrease) in property,
32 35 19
plant and equipment
Property, plant and equipment at end of
645 613 578 542
period

72
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(14)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 38 36
equipment
Acquisitions through business
combinations, property, plant and 3 0
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
111 -29 -111
loss
Total Depreciation property plant and
111 -29 -111
equipment
Impairment loss recognised in profit
or loss, property, plant and 314 -2 -314
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
-3 1
equipment
Total disposals and retirements,
-3 1
property, plant and equipment
Total increase (decrease) in property,
425 13 -390
plant and equipment
Property, plant and equipment at end of
523 98 103 90
period

73
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(15)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Gross carrying amount [Member]
amount [Axis] [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 38 36
equipment
Acquisitions through business
combinations, property, plant and 3 0
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
9 1
equipment
Total disposals and retirements,
9 1
property, plant and equipment
Total increase (decrease) in property,
32 35
plant and equipment
Property, plant and equipment at end of
480 645 613 578
period

74
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(16)
Unless otherwise specified, all monetary values are in Millions of INR
Other plant and
Classes of property, plant and equipment [Axis] Plant and equipment [Member] equipment
[Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
assets [Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Accumulated depreciation and impairment [Member]
amount [Axis] [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 38
equipment
Acquisitions through business
combinations, property, plant and 3
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
29 111 -29
loss
Total Depreciation property plant and
29 111 -29
equipment
Impairment loss recognised in profit
or loss, property, plant and 2 314 -2
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
12 -3
equipment
Total disposals and retirements,
12 -3
property, plant and equipment
Total increase (decrease) in property,
19 425 13
plant and equipment
Property, plant and equipment at end of
542 523 98 103
period

75
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(17)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 36 38 36
equipment
Acquisitions through business
combinations, property, plant and 0 3 0
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-111
loss
Total Depreciation property plant and
-111
equipment
Impairment loss recognised in profit
or loss, property, plant and -314
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
1 9 1
equipment
Total disposals and retirements,
1 9 1
property, plant and equipment
Total increase (decrease) in property,
-390 32 35
plant and equipment
Property, plant and equipment at end of
90 480 645 613
period

76
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(18)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Accumulated depreciation and impairment [Member]
amount [Axis] amount [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
29 111
loss
Total Depreciation property plant and
29 111
equipment
Impairment loss recognised in profit
or loss, property, plant and 2 314
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
12
equipment
Total disposals and retirements,
12
property, plant and equipment
Total increase (decrease) in property,
19 425
plant and equipment
Property, plant and equipment at end of
578 542 523 98
period

77
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(19)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Carrying amount [Member]
amount [Axis] amount [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 38 36 38
equipment
Acquisitions through business
combinations, property, plant and 3 0 3
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-29 -111
loss
Total Depreciation property plant and
-29 -111
equipment
Impairment loss recognised in profit
or loss, property, plant and -2 -314
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
-3 1 9
equipment
Total disposals and retirements,
-3 1 9
property, plant and equipment
Total increase (decrease) in property,
13 -390 32
plant and equipment
Property, plant and equipment at end of
103 90 480 645
period

78
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(20)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 36
equipment
Acquisitions through business
combinations, property, plant and 0
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
29 111
loss
Total Depreciation property plant and
29 111
equipment
Impairment loss recognised in profit
or loss, property, plant and 2 314
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
1 12
equipment
Total disposals and retirements,
1 12
property, plant and equipment
Total increase (decrease) in property,
35 19 425
plant and equipment
Property, plant and equipment at end of
613 578 542 523
period

79
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(21)
Unless otherwise specified, all monetary values are in Millions of INR
Other plant and
Classes of property, plant and equipment [Axis] equipment Furniture and fixtures [Member]
[Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
[Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 282 15
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-35 -26
loss
Total Depreciation property plant and
-35 -26
equipment
Impairment loss recognised in profit
or loss, property, plant and -10 -15
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
87 10
equipment
Total disposals and retirements,
87 10
property, plant and equipment
Total increase (decrease) in property,
150 -36
plant and equipment
Property, plant and equipment at end of
98 228 78 114
period

80
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(22)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Gross carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 282 15
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
35
loss
Total Depreciation property plant and
35
equipment
Impairment loss recognised in profit
or loss, property, plant and 10
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
92 13 5
equipment
Total disposals and retirements,
92 13 5
property, plant and equipment
Total increase (decrease) in property,
190 2 40
plant and equipment
Property, plant and equipment at end of
331 141 139 103
period

81
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(23)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 282 15
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
26 -35 -26
loss
Total Depreciation property plant and
26 -35 -26
equipment
Impairment loss recognised in profit
or loss, property, plant and 15 -10 -15
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
3 87 10
equipment
Total disposals and retirements,
3 87 10
property, plant and equipment
Total increase (decrease) in property,
38 150 -36
plant and equipment
Property, plant and equipment at end of
63 25 228 78
period

Disclosure of detailed information about property, plant and equipment [Table] ..(24)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Gross carrying amount [Member]
amount [Axis] [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and (A) 282 15
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
92 13
equipment
Total disposals and retirements,
92 13
property, plant and equipment
Total increase (decrease) in property,
190 2
plant and equipment
Property, plant and equipment at end of
114 331 141 139
period

(A) ADJUSMENT (19)/-

82
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(25)
Unless otherwise specified, all monetary values are in Millions of INR
Office equipment
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
[Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
assets [Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Accumulated depreciation and impairment [Member]
amount [Axis] [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 538
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
35 26 -111
loss
Total Depreciation property plant and
35 26 -111
equipment
Impairment loss recognised in profit
or loss, property, plant and 10 15 -9
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
5 3 360
equipment
Total disposals and retirements,
5 3 360
property, plant and equipment
Total increase (decrease) in property,
40 38 58
plant and equipment
Property, plant and equipment at end of
103 63 25 184
period

83
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(26)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 34 538 34
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-81
loss
Total Depreciation property plant and
-81
equipment
Impairment loss recognised in profit
or loss, property, plant and -143
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
16 389 27
equipment
Total disposals and retirements,
16 389 27
property, plant and equipment
Total increase (decrease) in property,
-206 149 7
plant and equipment
Property, plant and equipment at end of
126 332 562 413
period

84
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(27)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Accumulated depreciation and impairment [Member]
amount [Axis] amount [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
111 81
loss
Total Depreciation property plant and
111 81
equipment
Impairment loss recognised in profit
or loss, property, plant and 9 143
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
29 11
equipment
Total disposals and retirements,
29 11
property, plant and equipment
Total increase (decrease) in property,
91 213
plant and equipment
Property, plant and equipment at end of
406 378 287 74
period

85
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(28)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Carrying amount [Member]
amount [Axis] amount [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 538 34 538
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-111 -81
loss
Total Depreciation property plant and
-111 -81
equipment
Impairment loss recognised in profit
or loss, property, plant and -9 -143
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
360 16 389
equipment
Total disposals and retirements,
360 16 389
property, plant and equipment
Total increase (decrease) in property,
58 -206 149
plant and equipment
Property, plant and equipment at end of
184 126 332 562
period

86
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(29)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 34
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
111 81
loss
Total Depreciation property plant and
111 81
equipment
Impairment loss recognised in profit
or loss, property, plant and 9 143
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
27 29 11
equipment
Total disposals and retirements,
27 29 11
property, plant and equipment
Total increase (decrease) in property,
7 91 213
plant and equipment
Property, plant and equipment at end of
413 406 378 287
period

87
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(30)
Unless otherwise specified, all monetary values are in Millions of INR
Office equipment
Classes of property, plant and equipment [Axis] Computer equipments [Member]
[Member]
Owned assets
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
[Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,284 35
equipment
Acquisitions through business
combinations, property, plant and 1 0
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-218 -233
loss
Total Depreciation property plant and
-218 -233
equipment
Impairment loss recognised in profit
or loss, property, plant and -1 -28
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
22 44
equipment
Total disposals and retirements,
22 44
property, plant and equipment
Total increase (decrease) in property,
1,044 -270
plant and equipment
Property, plant and equipment at end of
74 1,295 251 521
period

88
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(31)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Accumulated
Carrying amount accumulated depreciation and gross carrying depreciation and
Gross carrying amount [Member]
amount [Axis] impairment
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,284 35
equipment
Acquisitions through business
combinations, property, plant and 1 0
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
218
loss
Total Depreciation property plant and
218
equipment
Impairment loss recognised in profit
or loss, property, plant and 1
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
117 77 95
equipment
Total disposals and retirements,
117 77 95
property, plant and equipment
Total increase (decrease) in property,
1,168 -42 124
plant and equipment
Property, plant and equipment at end of
2,027 859 901 732
period

89
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(32)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,284 35
equipment
Acquisitions through business
combinations, property, plant and 1 0
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
233 -218 -233
loss
Total Depreciation property plant and
233 -218 -233
equipment
Impairment loss recognised in profit
or loss, property, plant and 28 -1 -28
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
33 22 44
equipment
Total disposals and retirements,
33 22 44
property, plant and equipment
Total increase (decrease) in property,
228 1,044 -270
plant and equipment
Property, plant and equipment at end of
608 380 1,295 251
period

90
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(33)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Gross carrying amount [Member]
amount [Axis] [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,284 35
equipment
Acquisitions through business
combinations, property, plant and 1 0
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
117 77
equipment
Total disposals and retirements,
117 77
property, plant and equipment
Total increase (decrease) in property,
1,168 -42
plant and equipment
Property, plant and equipment at end of
521 2,027 859 901
period

91
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(34)
Unless otherwise specified, all monetary values are in Millions of INR
Leasehold
Classes of property, plant and equipment [Axis] Computer equipments [Member] improvements
[Member]
Owned and leased
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
assets [Member]
Carrying amount accumulated depreciation and gross carrying Carrying amount
Accumulated depreciation and impairment [Member]
amount [Axis] [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,002
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
218 233 -264
loss
Total Depreciation property plant and
218 233 -264
equipment
Impairment loss recognised in profit
or loss, property, plant and 1 28 -83
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
95 33 191
equipment
Total disposals and retirements,
95 33 191
property, plant and equipment
Total increase (decrease) in property,
124 228 464
plant and equipment
Property, plant and equipment at end of
732 608 380 1,306
period

92
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(35)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying
Carrying amount [Member] Gross carrying amount [Member]
amount [Axis]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 90 1,002 90
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-406
loss
Total Depreciation property plant and
-406
equipment
Impairment loss recognised in profit
or loss, property, plant and -981
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
84 516 107
equipment
Total disposals and retirements,
84 516 107
property, plant and equipment
Total increase (decrease) in property,
-1,381 486 -17
plant and equipment
Property, plant and equipment at end of
842 2,223 3,014 2,528
period

93
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(36)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Accumulated depreciation and impairment [Member]
amount [Axis] amount [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
264 406
loss
Total Depreciation property plant and
264 406
equipment
Impairment loss recognised in profit
or loss, property, plant and 83 981
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
325 23
equipment
Total disposals and retirements,
325 23
property, plant and equipment
Total increase (decrease) in property,
22 1,364
plant and equipment
Property, plant and equipment at end of
2,545 1,708 1,686 322
period

94
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(37)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Gross carrying
Carrying amount [Member]
amount [Axis] amount [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 1,002 90 (A) 1,002
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
-264 -406
loss
Total Depreciation property plant and
-264 -406
equipment
Impairment loss recognised in profit
or loss, property, plant and -83 -981
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
191 84 516
equipment
Total disposals and retirements,
191 84 516
property, plant and equipment
Total increase (decrease) in property,
464 -1,381 486
plant and equipment
Property, plant and equipment at end of
1,306 842 2,223 3,014
period

(A) ADJUSTMENT 19/-

95
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about property, plant and equipment [Table] ..(38)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned assets [Member]
Carrying amount accumulated depreciation and gross carrying Accumulated depreciation and
Gross carrying amount [Member]
amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about property,
plant and equipment [Abstract]
Disclosure of detailed information about
property, plant and equipment [Line items]
Reconciliation of changes in property, plant
and equipment [Abstract]
Changes in property, plant and equipment
[Abstract]
Additions other than through business
combinations, property, plant and 90
equipment
Depreciation, property, plant and
equipment [Abstract]
Depreciation recognised in profit or
264 406
loss
Total Depreciation property plant and
264 406
equipment
Impairment loss recognised in profit
or loss, property, plant and 83 981
equipment
Disposals and retirements, property,
plant and equipment [Abstract]
Disposals, property, plant and
107 325 23
equipment
Total disposals and retirements,
107 325 23
property, plant and equipment
Total increase (decrease) in property,
-17 22 1,364
plant and equipment
Property, plant and equipment at end of
2,528 2,545 1,708 1,686
period

Disclosure of detailed information about property, plant and equipment [Table] ..(39)
Unless otherwise specified, all monetary values are in Millions of INR
Leasehold
Classes of property, plant and equipment [Axis] improvements
[Member]
Owned assets
Sub classes of property, plant and equipment [Axis]
[Member]
Accumulated
depreciation and
Carrying amount accumulated depreciation and gross carrying amount [Axis]
impairment
[Member]
31/03/2020
Disclosure of detailed information about property, plant and equipment [Abstract]
Disclosure of detailed information about property, plant and equipment [Line items]
Reconciliation of changes in property, plant and equipment [Abstract]
Property, plant and equipment at end of period 322

96
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of additional information about property plant and equipment [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Buildings [Member] Other building [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned and leased assets [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child Refer to child Refer to child Refer to child
equipment member member member member
Useful lives or depreciation rates, property, Refer to child Refer to child Refer to child Refer to child
plant and equipment member member member member
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(2)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other building [Member] Plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Assets held under lease [Member] Owned and leased assets [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child Refer to child
NA NA
equipment member member
Useful lives or depreciation rates, property, Refer to child Refer to child
NA NA
plant and equipment member member
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(3)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Other plant and equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child Refer to child
straight-line basis straight-line basis
equipment member member
Useful lives or depreciation rates, property, Refer to child Refer to child
5 5
plant and equipment member member
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(4)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Furniture and fixtures [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child Refer to child
straight-line basis straight-line basis
equipment member member
Useful lives or depreciation rates, property, Refer to child Refer to child
5 5
plant and equipment member member
Whether property, plant and equipment are
No No No No
stated at revalued amount

97
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of additional information about property plant and equipment [Table] ..(5)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Office equipment [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child Refer to child
straight-line basis straight-line basis
equipment member member
Useful lives or depreciation rates, property, Refer to child Refer to child
5 5
plant and equipment member member
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(6)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Computer equipments [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child Refer to child
straight-line basis straight-line basis
equipment member member
Useful lives or depreciation rates, property, Refer to child Refer to child
3 3
plant and equipment member member
Whether property, plant and equipment are
No No No No
stated at revalued amount

Disclosure of additional information about property plant and equipment [Table] ..(7)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of property, plant and equipment [Axis] Leasehold improvements [Member]
Sub classes of property, plant and equipment [Axis] Owned and leased assets [Member] Owned assets [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of additional information about
property plant and equipment [Abstract]
Disclosure of additional information about
property plant and equipment [Line items]
Depreciation method, property, plant and Refer to child Refer to child
straight-line basis straight-line basis
equipment member member
Useful lives or depreciation rates, property, Refer to child Refer to child
Over lease term Over lease term
plant and equipment member member
Whether property, plant and equipment are
No No No No
stated at revalued amount

[612100] Notes - Impairment of assets

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of impairment of assets [TextBlock]
Disclosure of impairment loss and reversal of impairment loss [TextBlock]
Whether there is any impairment loss or reversal of impairment loss
No No
during the year
Disclosure of information for impairment loss recognised or reversed
for individual Assets or cash-generating unit [TextBlock]
Whether impairment loss recognised or reversed for individual Assets
No No
or cash-generating unit

98
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[400700] Notes - Investment property

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of investment property [TextBlock]
Depreciation method, investment property, cost model NA NA
Useful lives or depreciation rates, investment property, cost model NA NA

[400800] Notes - Goodwill

Disclosure of reconciliation of changes in goodwill [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Carrying amount accumulated amortization and impairment and
Carrying amount [Member] Gross carrying amount [Member]
gross carrying amount [Axis]
01/04/2021 01/04/2020
31/03/2022 31/03/2021 to to
31/03/2022 31/03/2021
Disclosure of reconciliation of changes in goodwill
[Abstract]
Disclosure of reconciliation of changes in goodwill
[Line items]
Changes in goodwill [Abstract]
Increase (decrease) through transfers and
other changes, Goodwill [Abstract]
Increase (decrease) through transfers,
-1,117 0
goodwill
Total increase (decrease) through
-1,117 0
transfers and other changes, goodwill
Total increase (decrease) in goodwill -1,117 0
Goodwill at end of period 109 1,226 109 1,226

Disclosure of reconciliation of changes in goodwill [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Gross carrying
Carrying amount accumulated amortization and impairment and gross carrying amount [Axis]
amount [Member]
31/03/2020
Disclosure of reconciliation of changes in goodwill [Abstract]
Disclosure of reconciliation of changes in goodwill [Line items]
Goodwill at end of period 1,226

Unless otherwise specified, all monetary values are in Millions of INR

31/03/2022 31/03/2021
Disclosure of goodwill [TextBlock]
Disclosure of reconciliation of changes in goodwill [Abstract]
Changes in goodwill [Abstract]
Increase (decrease) through transfers and other changes, Goodwill
[Abstract]
Goodwill at end of period 109 1,226

99
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[400900] Notes - Other intangible assets

Disclosure of additional information about other intangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Brands and trade marks [Member] Trade marks [Member]
Internally generated and other than Internally generated and other than
Sub classes of other intangible assets [Axis] internally generated intangible assets internally generated intangible assets
[Member] [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of additional information about other
intangible assets [Abstract]
Disclosure of additional information about
other intangible assets [Line items]
Refer to child Refer to child Refer to child Refer to child
Amortisation method, other intangible assets member member member member
Useful lives or amortisation rates, other Refer to child Refer to child Refer to child Refer to child
intangible assets member member member member
Whether other intangible assets are stated at
No No No No
revalued amount

Disclosure of additional information about other intangible assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Trade marks [Member] Computer software [Member]
Internally generated and other than
Internally generated intangible assets
Sub classes of other intangible assets [Axis] internally generated intangible assets
[Member]
[Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of additional information about other
intangible assets [Abstract]
Disclosure of additional information about
other intangible assets [Line items]
Refer to child Refer to child
Amortisation method, other intangible assets straight-line basis straight-line basis
member member
Useful lives or amortisation rates, other Refer to child Refer to child
As per Ind AS 38 As per Ind AS 38
intangible assets member member
Whether other intangible assets are stated at
No No No No
revalued amount

Disclosure of additional information about other intangible assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Computer software [Member] Other intangible assets [Member]
Internally generated and other than
Internally generated intangible assets
Sub classes of other intangible assets [Axis] internally generated intangible assets
[Member]
[Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of additional information about other
intangible assets [Abstract]
Disclosure of additional information about
other intangible assets [Line items]
Refer to child Refer to child
Amortisation method, other intangible assets straight-line basis straight-line basis
member member
Useful lives or amortisation rates, other Refer to child Refer to child
5 5
intangible assets member member
Whether other intangible assets are stated at
No No No No
revalued amount

100
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of additional information about other intangible assets [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Other intangible assets, others [Member]
Internally generated and other than
Internally generated intangible assets
Sub classes of other intangible assets [Axis] internally generated intangible assets
[Member]
[Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of additional information about other
intangible assets [Abstract]
Disclosure of additional information about
other intangible assets [Line items]
Refer to child Refer to child
Amortisation method, other intangible assets member member
straight-line basis straight-line basis

Useful lives or amortisation rates, other Refer to child Refer to child

As per Ind AS 38 As per Ind AS 38
intangible assets member member
Whether other intangible assets are stated at
No No No No
revalued amount

Disclosure of detailed information about other intangible assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and Gross carrying
Carrying amount [Member]
gross carrying amount [Axis] amount [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 93 0
combinations
Acquisitions through business combinations 137 0 137
Amortisation other intangible assets -142 -152
Impairment loss recognised in other
comprehensive income, other intangible -340 0
assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 6 1 11
Total Disposals and retirements,
6 1 11
Other intangible assets
Total increase (decrease) in Other
-351 -60 126
intangible assets
Other intangible assets at end of period 163 514 574 1,029

101
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Company other intangible assets [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and Accumulated amortization and
Gross carrying amount [Member]
gross carrying amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
93
combinations
Acquisitions through business combinations 0
Amortisation other intangible assets 142 152
Impairment loss recognised in other
comprehensive income, other intangible 340 0
assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 1 5
Total Disposals and retirements,
1 5
Other intangible assets
Total increase (decrease) in Other
92 477 152
intangible assets
Other intangible assets at end of period 903 811 866 389

Disclosure of detailed information about other intangible assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Company other
Classes of other intangible assets [Axis] intangible assets Brands and trade marks [Member]
[Member]
Internally
generated and
other than
Internally generated and other than internally generated
Sub classes of other intangible assets [Axis] internally
intangible assets [Member]
generated
intangible assets
[Member]
Accumulated
Carrying amount accumulated amortization and impairment and amortization and
Carrying amount [Member]
gross carrying amount [Axis] impairment
[Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0
combinations
Acquisitions through business combinations 85 0
Amortisation other intangible assets -100 -110
Impairment loss recognised in other
comprehensive income, other intangible -326 0
assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0
Total Disposals and retirements,
0 0
Other intangible assets
Total increase (decrease) in Other
-341 -110
intangible assets
Other intangible assets at end of period 237 78 419 529

102
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Brands and trade marks [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Accumulated
Carrying amount accumulated amortization and impairment and amortization and
Gross carrying amount [Member]
gross carrying amount [Axis] impairment
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0
combinations
Acquisitions through business combinations 85 0
Amortisation other intangible assets 100
Impairment loss recognised in other
comprehensive income, other intangible 326
assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0
Total Disposals and retirements,
0 0
Other intangible assets
Total increase (decrease) in Other
85 0 426
intangible assets
Other intangible assets at end of period 695 610 610 617

Disclosure of detailed information about other intangible assets [Table] ..(5)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Brands and trade marks [Member]
Internally generated and other than
Internally generated intangible assets
Sub classes of other intangible assets [Axis] internally generated intangible assets
[Member]
[Member]
Carrying amount accumulated amortization and impairment and Accumulated amortization and
Carrying amount [Member]
gross carrying amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0
combinations
Acquisitions through business combinations 85 0
Amortisation other intangible assets 110 -100 -110
Impairment loss recognised in other
comprehensive income, other intangible 0 -326 0
assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0
Total Disposals and retirements,
0 0
Other intangible assets
Total increase (decrease) in Other
110 -341 -110
intangible assets
Other intangible assets at end of period 191 81 78 419

103
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(6)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Brands and trade marks [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and Carrying amount
Gross carrying amount [Member]
gross carrying amount [Axis] [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0
combinations
Acquisitions through business combinations 85 0
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0
Total Disposals and retirements,
0 0
Other intangible assets
Total increase (decrease) in Other
85 0
intangible assets
Other intangible assets at end of period 529 695 610 610

Disclosure of detailed information about other intangible assets [Table] ..(7)

Unless otherwise specified, all monetary values are in Millions of INR
Trade marks
Classes of other intangible assets [Axis] Brands and trade marks [Member]
[Member]
Internally
generated and
other than
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member] internally
generated
intangible assets
[Member]
Carrying amount accumulated amortization and impairment and Carrying amount
Accumulated amortization and impairment [Member]
gross carrying amount [Axis] [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0
combinations
Acquisitions through business combinations 85
Amortisation other intangible assets 100 110 -100
Impairment loss recognised in other
comprehensive income, other intangible 326 0 -326
assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0
Total Disposals and retirements,
0
Other intangible assets
Total increase (decrease) in Other
426 110 -341
intangible assets
Other intangible assets at end of period 617 191 81 78

104
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(8)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Trade marks [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and
Carrying amount [Member] Gross carrying amount [Member]
gross carrying amount [Axis]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0 0
combinations
Acquisitions through business combinations 0 85 0
Amortisation other intangible assets -110
Impairment loss recognised in other
comprehensive income, other intangible 0
assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Total increase (decrease) in Other
-110 85 0
intangible assets
Other intangible assets at end of period 419 529 695 610

Disclosure of detailed information about other intangible assets [Table] ..(9)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Trade marks [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and Gross carrying
Accumulated amortization and impairment [Member]
gross carrying amount [Axis] amount [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 100 110
Impairment loss recognised in other
comprehensive income, other intangible 326 0
assets
Total increase (decrease) in Other
426 110
intangible assets
Other intangible assets at end of period 610 617 191 81

105
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(10)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Trade marks [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and Gross carrying
Carrying amount [Member]
gross carrying amount [Axis] amount [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0 0
combinations
Acquisitions through business combinations 85 0 85
Amortisation other intangible assets -100 -110
Impairment loss recognised in other
comprehensive income, other intangible -326 0
assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Total increase (decrease) in Other
-341 -110 85
intangible assets
Other intangible assets at end of period 78 419 529 695

Disclosure of detailed information about other intangible assets [Table] ..(11)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Trade marks [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and Accumulated amortization and
Gross carrying amount [Member]
gross carrying amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0
combinations
Acquisitions through business combinations 0
Amortisation other intangible assets 100 110
Impairment loss recognised in other
comprehensive income, other intangible 326 0
assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0
Total Disposals and retirements,
0
Other intangible assets
Total increase (decrease) in Other
0 426 110
intangible assets
Other intangible assets at end of period 610 610 617 191

106
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(12)

Unless otherwise specified, all monetary values are in Millions of INR
Trade marks
Classes of other intangible assets [Axis] Computer software [Member]
[Member]
Internally
generated Internally generated and other than internally generated
Sub classes of other intangible assets [Axis]
intangible assets intangible assets [Member]
[Member]
Accumulated
Carrying amount accumulated amortization and impairment and amortization and
Carrying amount [Member]
gross carrying amount [Axis] impairment
[Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0
combinations
Acquisitions through business combinations 0 0
Amortisation other intangible assets 0 -3
Disposals and retirements, other
intangible assets [Abstract]
Disposals 6 1
Total Disposals and retirements,
6 1
Other intangible assets
Total increase (decrease) in Other
-6 -4
intangible assets
Other intangible assets at end of period 81 0 6 10

Disclosure of detailed information about other intangible assets [Table] ..(13)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Computer software [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Accumulated
Carrying amount accumulated amortization and impairment and amortization and
Gross carrying amount [Member]
gross carrying amount [Axis] impairment
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0
combinations
Acquisitions through business combinations 0 0
Amortisation other intangible assets 0
Disposals and retirements, other
intangible assets [Abstract]
Disposals 11 1 5
Total Disposals and retirements,
11 1 5
Other intangible assets
Total increase (decrease) in Other
-11 -1 -5
intangible assets
Other intangible assets at end of period 10 21 22 10

107
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(14)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Computer software [Member]
Internally generated and other than
Internally generated intangible assets
Sub classes of other intangible assets [Axis] internally generated intangible assets
[Member]
[Member]
Carrying amount accumulated amortization and impairment and Accumulated amortization and
Carrying amount [Member]
gross carrying amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0
combinations
Acquisitions through business combinations 0 0
Amortisation other intangible assets 3 0 -3
Disposals and retirements, other
intangible assets [Abstract]
Disposals 6 1
Total Disposals and retirements,
6 1
Other intangible assets
Total increase (decrease) in Other
3 -6 -4
intangible assets
Other intangible assets at end of period 15 12 0 6

Disclosure of detailed information about other intangible assets [Table] ..(15)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Computer software [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and Carrying amount
Gross carrying amount [Member]
gross carrying amount [Axis] [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 0
combinations
Acquisitions through business combinations 0 0
Disposals and retirements, other
intangible assets [Abstract]
Disposals 11 1
Total Disposals and retirements,
11 1
Other intangible assets
Total increase (decrease) in Other
-11 -1
intangible assets
Other intangible assets at end of period 10 10 21 22

108
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(16)

Unless otherwise specified, all monetary values are in Millions of INR
Other intangible
Classes of other intangible assets [Axis] Computer software [Member]
assets [Member]
Internally
generated and
other than
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member] internally
generated
intangible assets
[Member]
Carrying amount accumulated amortization and impairment and Carrying amount
Accumulated amortization and impairment [Member]
gross carrying amount [Axis] [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0
combinations
Acquisitions through business combinations 52
Amortisation other intangible assets 0 3 -42
Impairment loss recognised in other
comprehensive income, other intangible -14
assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 5 0
Total Disposals and retirements,
5 0
Other intangible assets
Total increase (decrease) in Other
-5 3 -4
intangible assets
Other intangible assets at end of period 10 15 12 85

Disclosure of detailed information about other intangible assets [Table] ..(17)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Other intangible assets [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and
Carrying amount [Member] Gross carrying amount [Member]
gross carrying amount [Axis]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
93 0 93
combinations
Acquisitions through business combinations 0 52 0
Amortisation other intangible assets -39
Impairment loss recognised in other
comprehensive income, other intangible 0
assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Total increase (decrease) in Other
54 52 93
intangible assets
Other intangible assets at end of period 89 35 324 272

109
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(18)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Other intangible assets [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Carrying amount accumulated amortization and impairment and Gross carrying
Accumulated amortization and impairment [Member]
gross carrying amount [Axis] amount [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 42 39
Impairment loss recognised in other
comprehensive income, other intangible 14 0
assets
Total increase (decrease) in Other
56 39
intangible assets
Other intangible assets at end of period 179 239 183 144

Disclosure of detailed information about other intangible assets [Table] ..(19)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Other intangible assets [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and Gross carrying
Carrying amount [Member]
gross carrying amount [Axis] amount [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 93 0
combinations
Acquisitions through business combinations 52 0 52
Amortisation other intangible assets -42 -39
Impairment loss recognised in other
comprehensive income, other intangible -14 0
assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0 0
Total Disposals and retirements,
0 0 0
Other intangible assets
Total increase (decrease) in Other
-4 54 52
intangible assets
Other intangible assets at end of period 85 89 35 324

110
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(20)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Other intangible assets [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and Accumulated amortization and
Gross carrying amount [Member]
gross carrying amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
93
combinations
Acquisitions through business combinations 0
Amortisation other intangible assets 42 39
Impairment loss recognised in other
comprehensive income, other intangible 14 0
assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0
Total Disposals and retirements,
0
Other intangible assets
Total increase (decrease) in Other
93 56 39
intangible assets
Other intangible assets at end of period 272 179 239 183

Disclosure of detailed information about other intangible assets [Table] ..(21)

Unless otherwise specified, all monetary values are in Millions of INR
Other intangible
Classes of other intangible assets [Axis] Other intangible assets, others [Member]
assets [Member]
Internally
generated Internally generated and other than internally generated
Sub classes of other intangible assets [Axis]
intangible assets intangible assets [Member]
[Member]
Accumulated
Carrying amount accumulated amortization and impairment and amortization and
Carrying amount [Member]
gross carrying amount [Axis] impairment
[Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Nature of other intangible assets others Refer to child member Refer to child member
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 93
combinations
Acquisitions through business combinations 52 0
Amortisation other intangible assets -42 -39
Impairment loss recognised in other
comprehensive income, other intangible -14 0
assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0
Total Disposals and retirements,
0 0
Other intangible assets
Total increase (decrease) in Other
-4 54
intangible assets
Other intangible assets at end of period 144 85 89 35

111
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(22)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Other intangible assets, others [Member]
Internally generated and other than internally generated intangible assets
Sub classes of other intangible assets [Axis]
[Member]
Accumulated
Carrying amount accumulated amortization and impairment and amortization and
Gross carrying amount [Member]
gross carrying amount [Axis] impairment
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Refer to child
Nature of other intangible assets others Refer to child member Refer to child member
member
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 93
combinations
Acquisitions through business combinations 52 0
Amortisation other intangible assets 42
Impairment loss recognised in other
comprehensive income, other intangible 14
assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0
Total Disposals and retirements,
0 0
Other intangible assets
Total increase (decrease) in Other
52 93 56
intangible assets
Other intangible assets at end of period 324 272 179 239

112
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(23)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Other intangible assets, others [Member]
Internally generated and other than
Internally generated intangible assets
Sub classes of other intangible assets [Axis] internally generated intangible assets
[Member]
[Member]
Carrying amount accumulated amortization and impairment and Accumulated amortization and
Carrying amount [Member]
gross carrying amount [Axis] impairment [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Customer contracts Customer contracts ,
, Developed D e v e l o p e d
Nature of other intangible assets others Refer to child member technology , technology ,
Non-compete asset , Non-compete asset ,
Wallet Wallet
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 93
combinations
Acquisitions through business combinations 52 0
Amortisation other intangible assets 39 -42 -39
Impairment loss recognised in other
comprehensive income, other intangible 0 -14 0
assets
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0
Total Disposals and retirements,
0 0
Other intangible assets
Total increase (decrease) in Other
39 -4 54
intangible assets
Other intangible assets at end of period 183 144 85 89

Disclosure of detailed information about other intangible assets [Table] ..(24)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Other intangible assets, others [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and Carrying amount
Gross carrying amount [Member]
gross carrying amount [Axis] [Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about other
intangible assets [Abstract]
Disclosure of detailed information about other
intangible assets [Line items]
Customer contracts , Customer contracts ,
Developed technology , Developed technology ,
Nature of other intangible assets others Non-compete asset , Non-compete asset ,
Wallet Wallet
Reconciliation of changes in other intangible
assets [Abstract]
Changes in Other intangible assets [Abstract]
Additions other than through business
0 93
combinations
Acquisitions through business combinations 52 0
Disposals and retirements, other
intangible assets [Abstract]
Disposals 0 0
Total Disposals and retirements,
0 0
Other intangible assets
Total increase (decrease) in Other
52 93
intangible assets
Other intangible assets at end of period 35 324 272 179

113
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about other intangible assets [Table] ..(25)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of other intangible assets [Axis] Other intangible assets, others [Member]
Sub classes of other intangible assets [Axis] Internally generated intangible assets [Member]
Carrying amount accumulated amortization and impairment and gross carrying
Accumulated amortization and impairment [Member]
amount [Axis]
01/04/2021 01/04/2020
to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of detailed information about other intangible assets
[Abstract]
Disclosure of detailed information about other intangible assets
[Line items]
Customer contracts , Customer contracts ,
Nature of other intangible assets others Developed technology , Developed technology ,
Non-compete asset , Wallet Non-compete asset , Wallet
Reconciliation of changes in other intangible assets [Abstract]
Changes in Other intangible assets [Abstract]
Amortisation other intangible assets 42 39
Impairment loss recognised in other comprehensive
14 0
income, other intangible assets
Total increase (decrease) in Other intangible assets 56 39
Other intangible assets at end of period 239 183 144

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of other intangible assets [TextBlock]
Disclosure of detailed information about other intangible assets
[TextBlock]
Disclosure of intangible assets with indefinite useful life [TextBlock]
Whether there are intangible assets with indefinite useful life No No

[401000] Notes - Biological assets other than bearer plants

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of biological assets, agriculture produce at point of
harvest and government grants related to biological assets
[TextBlock]
Depreciation method, biological assets other than bearer plants, at cost NA NA
Useful lives or depreciation rates, biological assets other than bearer
NA NA
plants, at cost

[611100] Notes - Financial instruments

Disclosure of financial liabilities [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of financial liabilities [Axis] Financial liabilities at amortised cost, class [Member]
Financial liabilities at amortised cost,
Categories of financial liabilities [Axis] Financial liabilities, category [Member]
category [Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of financial liabilities [Abstract]
Disclosure of financial liabilities [Line items]
Financial liabilities 18,656 10,709 (A) 18,656 (B) 10,709
Financial liabilities, at fair value 0 0 0 0

Footnotes
(A) Trade payables 9,561 Lease liabilities 5,082 Other financial liabilities 4,013
(B) Term loan from financial institutions (including current maturities) : 783 Overdraft from banks : 135 Trade payables : 4,132
Lease liabilities : 4,782 Payable to merchants : 354 Employee related liabilities : 306 Capital creditors : 57 Other financial liabilities :
160

114
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of financial assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Financial assets at amortised cost, class
Classes of financial assets [Axis] Corporate loans [Member]
[Member]
Categories of financial assets [Axis] Financial assets, category [Member] Financial assets, category [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 33,167 9,851 1,056 950
Financial assets, at fair value 0 0 0 0
Description of other financial assets at Refer to child Refer to child Refer to child Refer to child
amortised cost class member member member member

Disclosure of financial assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of financial assets [Axis] Corporate loans [Member] Trade receivables [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 1,056 950 11,119 1,654
Financial assets, at fair value 0 0 0 0
Description of other financial assets at Refer to child Refer to child
Security deposits Security deposits
amortised cost class member member

Disclosure of financial assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Other financial assets at amortised cost
Classes of financial assets [Axis] Trade receivables [Member]
class [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis] Financial assets, category [Member]
category [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 11,119 1,654 20,992 7,247
Financial assets, at fair value 0 0 0 0
Description of other financial assets at TRADE Refer to child Refer to child
Trade Receivable
amortised cost class RECEIVABLE member member

Disclosure of financial assets [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of financial assets [Axis] Other financial assets at amortised cost class 1 [Member]
Financial assets at amortised cost, category
Categories of financial assets [Axis] Financial assets, category [Member]
[Member]
01/04/2021
01/04/2021 01/04/2020 01/04/2020
to to to
to
31/03/2022 31/03/2021 31/03/2021
31/03/2022
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 20,992 7,247 (A) 20,992 (B) 7,247
Financial assets, at fair value 0 0 0 0
Interest receivable : 85 Balance
Textual
with delivery partners : 137
Description of other financial assets at Refer to child Refer to child information
Balances with banks : 5,225
amortised cost class member member (5) [See
Deposits with banks (including
below]
margin money deposits) : 1,800

Footnotes
(A) Investments in Non-Convertible Debentures(NCDs)/Bonds : 7,228 Interest receivable : 508 Balance with delivery partners : 147
Other receivables : 232 Balances with banks : 6,961 Deposits with banks (including margin money deposits) : 5,906
(B) Interest receivable : 85 Balance with delivery partners : 137 Balances with banks : 5,225 Deposits with banks (including margin
money deposits) : 1,800

115
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of financial assets [Table] ..(5)

Unless otherwise specified, all monetary values are in Millions of INR
Financial assets at fair value, class
Classes of financial assets [Axis] Equity investments [Member]
[Member]
Categories of financial assets [Axis] Financial assets, category [Member] Financial assets, category [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 95,878 9,077 95,878 9,077
Financial assets, at fair value 0 0 0 0
Description of other financial assets at Refer to child Refer to child Refer to child Refer to child
amortised cost class member member member member

Disclosure of financial assets [Table] ..(6)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of financial assets [Axis] Equity investments [Member]
Financial assets at fair value through
Financial assets at fair value through
Categories of financial assets [Axis] profit or loss, mandatorily measured at
profit or loss, category [Member]
fair value, category [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 86,228 7,927 86,228 7,927
Financial assets, at fair value 0 0 0 0
Investments in
Description of other financial assets at Refer to child Refer to child Investments in liquid
liquid mutual fund
amortised cost class member member mutual fund units
units

Disclosure of financial assets [Table] ..(7)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of financial assets [Axis] Equity investments [Member]
Financial assets at amortised cost,
Categories of financial assets [Axis]
category [Member]
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of financial assets [Abstract]
Disclosure of financial assets [Line items]
Financial assets 9,650 1,150
Financial assets, at fair value 0 0
Investments in
Investments in
Description of other financial assets at amortised cost class certificate of
certificate of deposits
deposits

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021
to
31/03/2022
Textual information (6)
Disclosure of financial instruments [TextBlock] [See below]
Disclosure of financial assets [TextBlock]
Disclosure of financial assets [Abstract]
Disclosure of financial liabilities [TextBlock]
Disclosure of financial liabilities [Abstract]
Textual information (7)
Disclosure of credit risk [TextBlock] [See below]
Disclosure of reconciliation of changes in loss allowance and
explanation of changes in gross carrying amount for financial
instruments [TextBlock]
Disclosure of reconciliation of changes in loss allowance
and explanation of changes in gross carrying amount for
financial instruments [Abstract]
Disclosure of credit risk exposure [TextBlock]
Disclosure of credit risk exposure [Abstract]
Disclosure of provision matrix [TextBlock]
Disclosure of provision matrix [Abstract]
Disclosure of financial instruments by type of interest rate [TextBlock]
Disclosure of financial instruments by type of interest rate [Abstract]

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BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Textual information (5)

Description of other financial assets at amortised cost class

Investments in Non-Convertible Debentures(NCDs)/Bonds : 7,228 Interest receivable : 508 Balance with delivery partners : 147 Other
receivables : 232 Balances with banks : 6,961 Deposits with banks (including margin money deposits) : 5,906

117
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Textual information (6)

Disclosure of financial instruments [Text Block]

Financial instruments -
category and fair value
hierarchy

The carrying value and

the fair value of the
financial instruments by
categories is as follows:

Particulars Note As at As at

March 31, 2022 March 31, 2021

Financial assets
measured at amortised
cost:

Trade receivables 38.1 11,119 1,654

Security deposits 38.2 1,056 950

Investments in
Non-Convertible 38.4 7,228 -
Debentures(NCDs)/Bonds

Investments in certificate
38.4 9,650 1,150
of deposits

Interest receivable 38.1 508 85

Balance with delivery

38.1 147 137
partners

Other receivables 38.1 232 -

29,940 3,976

Financial assets
measured at fair value 38.4
through profit and loss

Investments in liquid
86,228 7,927
mutual fund units

86,228 7,927

Cash and cash

equivalents and other 38.3
balances with banks

Cash in hand - -

118
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Balances with banks 6,961 5,225

Deposits with banks

(including margin money 5,906 1,800
deposits)

12,867 7,025

Financial liabilities
measured at amortised
cost

Term loan from financial

institutions (including 38.2 - 665
current maturities)

Overdraft from banks 38.2 - 135

Trade payables 38.1 9,561 3,477

Lease liabilities 38.2 5,082 4,782

Other financial liabilities 38.1 4,013 877

18,656 9,936

Fair value hierarchy

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

Inputs other than

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

Inputs for the assets

and liabilities that are
Level 3 not based on
observable market data
(unobservable inputs)

The carrying value of

these financial assets
and liabilities in the
financial statements are
38.1
considered to be the
same as their fair value,
due to their short term
nature.

The carrying value of

these financial assets
and liabilities in the
financial statements are

119
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

38.2 carried at amortised

cost, to achieve a
constant effective rate of
interest over their
respective lives.

These accounts are

considered to be highly
liquid / liquid and the
38.3 carrying amount of
these are considered to
be the same as their fair
value.

Fair value hierarchy of

assets and liabilities
38.4 carried at fair value on
recurring basis is as
follows:

(Rs. in
Million)

Fair value
measurement
Particulars Balance at the end of
the reporting
period

Level Level
Assets Level 1
2 3

As at March 31, 2022

Investments in liquid
86,228 86,228 - -
mutual fund units

86,228 86,228 - -

As at March 31, 2021

Investments in liquid
7,927 7,927 - -
mutual fund units

7,927 7,927 - -

120
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Textual information (7)

Disclosure of credit risk [Text Block]

Financial risk management

The Group is exposed to various

financial risks majorly Credit risk,
Liquidity risk and Market risk and
Equity price risk. The Group's senior
management oversees the
management of these risks with an
objective to minimise the impact of
these risks based on charters and
(in)formal policies.

a. Market risk

Market risk is the risk that the fair

value or future cash flows of a
financial instrument will fluctuate
because of changes in market prices.
Such changes in the values of
financial instruments may result from
changes in the foreign currency
exchange rates, interest rates, credit,
liquidity and other market changes.

The Group's exposure to

foreign currency
exchange rate risk is
very limited, as the
Group doesn't have any
significant foreign
exchange transactions.
Further, the Group's
investments are primarily
in fixed rate interest
bearing investments.
Accordingly, the Group is
not significantly exposed
to interest rate risk.

Impact of COVID-19

Considering the current COVID-19

situation, we have analysed the credit
risk and the consequential delay in
realisation from restaurant partners,
online payment partners and financial
institutions. This assessment is based
on market outlook and the financial
strength of the restaurant partners,
online payment partners and financial
institutions in respect of whom
amounts are receivable. Based on our
assessment, the valuation of
receivable, unbilled receivable and
investments as at March 31, 2022 is
considered appropriate. The Group
continues to closely monitor the
business outlook and the financial
stress in the market and shall
consider taking appropriate steps as
may be needed to secure the financial
interests of the Group.

121
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

i Interest rate risk:

Interest rate risk is the risk that the

fair value of future cash flows of a
financial instrument will fluctuate due
to changes in market interest rates.
The Group’s debt obligation included
the term loan from the financial
institution which carried an interest
rate of 7.60% p.a (March 31, 2021
7.60% p.a) which is MCLR + spread
of 0.30%. Accordingly, the Group’s
risk of changes in interest rates
relates primarily to debt obligations
with floating interest rate. The impact
of possible change in floating rate on
the entity's profitability is not material.

b. 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 Group is exposed to credit risk
from its operating activities (primarily
trade receivables and unbilled
receivables) and from its treasury
activities, including deposits with
banks and financial institutions,
investments in money market and
other financial instruments. Credit risk
has always been managed by the
Group through credit approvals,
established credit limits and
continuously monitoring the
creditworthiness of customers to
which the Group grants credit in the
normal course of business.

i) Trade receivables

Trade receivables consists of

receivables from large number of
unrelated restaurant partners and
online payment partners. The Group’s
credit risk with regard to receivables
from restaurant is reduced by it's
business model which allows it to
offset payables to restaurants against
receivables. The Group cooperates
with known online payment partners,
these are short term and carried very
low credit risk at the reporting date.
The Group's trade receivables are
non-interest bearing and generally
carries credit period of 0 to 60 days.
The Group does not have significant
credit risk exposure to any single
counterparty. The Group does not
hold collateral as security.

As per Ind AS 109, the

Group uses the expected
credit loss model to
assess the impairment
loss. The Group uses the
provision matrix to

122
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

compute the expected

credit loss allowances for
the receivable balances.
Provision matrix is
calculated based on the
actual and credit loss
experience that takes in
to account the historical
experience as well as the
current economic
conditions. Refer note 28
for the details on
allowances for doubtful
debts and advances and
note 8 for the
outstanding trade

123
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

receivable balance which

is subject to credit risk
exposure of the Group.

Outstanding customer
receivables are regularly
and closely monitored
basis the historical trend,
the Company provides
for any outstanding
receivables beyond 180
days which are doubtful,
the trade receivables on
the respective reporting
dates are net off the
allowances which is
sufficient to cover the
entire life time loss of
sales recognised
including those that are
currently less than 180
days outstanding, the
total provision of Rs. 493
Million (March 31, 2021:
Rs. 389) consists of
both these types of
amounts.

Financial instruments and cash

ii)
deposits

Credit risk from balances with banks

and financial institutions is managed
by the Group's treasury department in
accordance with the Group's
approved investment policy.
Investments of surplus funds are
made primarily in liquid mutual fund
units, fixed maturity plan securities,
fixed deposits, quoted bonds issued
by government and quasi government
organisations, certificate of deposits,
commercial papers etc. 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/ Audit Committee
on quarterly basis, and may be
updated throughout the quarter
subject to approval of the Company's
Audit Committee. The limits are set to
minimise the concentration of risks
and therefore mitigate financial loss
through counterparty’s potential
failure to make payments.

The Group's maximum

exposure to credit risk for
the components of the
balance sheet at March
31, 2022 and March 31,
2021 is the carrying
amounts as illustrated in
note 5 and the liquidity
table below. Basis
assessment, the Group

124
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

has not identified any

125
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

expected credit loss on

the financial instruments
and cash deposits.

c. Liquidity risk

Liquidity risk is the risk of being

unable to meet the payment
obligations resulting from financial
liabilities, which may arise from
unavailability of funds. The exposure
to liquidity risk is closely monitored on
Group level using daily liquidity
reports and regular cash forecast
reports to ensure adequate
distribution. The Group believes that
cash and cash equivalents and
current investments are sufficient to
meet its current requirements,
accordingly, no liquidity risk is
perceived.

The break up of cash

and cash equivalents,
deposits and current
investments are as
follows:

(Rs. in
Million)

Particulars As at As at

March 31, 2022 March 31, 2021

Cash and cash equivalents 10,961 5,225

Other balance with banks 77 1,800

Investments (investment in money

86,228 9,077
market mutual funds)

97,266 16,102

The table below summarises the

maturity profile of the Group's
financial liabilities at the reporting
date. The amounts are based on
contractual undiscounted payments.

More
Carrying On 0-180 180-365 than
Particulars Total
value Demand days days 365
days

As at 31 March 2022

Borrowings - - - - - -

Lease liabilities 5,082 - 786 781 6,395 7,962

Trade payables 9,561 589 8,972 - - 9,561

Other financial liabilities 4,013 553 3,170 104 186 4,013

126
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

18,656 1,142 12,928 885 6,581 21,536

As at 31 March 2021

Borrowings 918 135 77 41 665 918

Lease liabilities 4,782 - 543 533 5,463 6,539

Trade payables 3,477 - 3,477 - - 3,477

Other financial liabilities 877 110 767 - - 877

10,054 245 4,864 574 6,128 11,811

d. Equity price risk

The Group does not have any

material exposures to equity price
risk.

[400400] Notes - Non-current investments

Details of non-current investments [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification of non-current investments [Axis] 1 2 3
01/04/2021 01/04/2020 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2022
Non-current investments [Abstract]
Disclosure of details of non-current investments
[Abstract]
Details of non-current investments [Line items]
Investment in other Investment in other
Investments in debentures Other non-current
Type of non-current investments Indian companies Indian companies
or bonds investments
preference shares equity instruments
Class of non-current investments Other investments Other investments Other investments Other investments
Nature of non-current investments Unquoted Unquoted Unquoted
Non-current investments 374 176 6,476 5,950
Urbanpiper Investments in Investments in
Name of body corporate in whom investment has Maverix Platforms
Technology Private Non-Convertible certificate of
been made Private Limited
Limited Debentures(NCDs)/Bonds deposits
Number of shares of non-current investment
[shares] 1,260 [shares] 15,84,646 [shares] 0 [shares] 0
made in body corporate

Unless otherwise specified, all monetary values are in Millions of INR

31/03/2022 31/03/2021
Disclosure of notes on non-current investments explanatory [TextBlock]
Aggregate amount of quoted non-current investments 0 0
Market value of quoted non-current investments 0 0
Aggregate amount of unquoted non-current investments 12,800 176
Aggregate provision for diminution in value of non-current investments 0 0

127
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[400500] Notes - Current investments

Details of current investments [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification of current investments [Axis] 1 2
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Current investments [Abstract]
Disclosure of details of current investments
[Abstract]
Details of current investments [Line items]
Investments in Investments in Investments in Other current
Type of current investments mutual funds mutual funds debentures or bonds investments
Current
Class of current investments Current investments Current investments Current investments
investments
Nature of current investments Quoted Quoted Unquoted Unquoted
Current investments 86,228 7,927 752 1,150
carried at fair value carried at fair value
carried at
Basis of valuation of current investments through profit or through profit or loss carried at amortised cost
amortised cost
loss (FVTPL) (FVTPL)
Investments in Investments in Investments in
Name of body corporate in whom investment has Investments in liquid
liquid mutual fund Non-Convertible certificate of
been made mutual fund units
units Debentures(NCDs)/bonds deposits
Number of shares of current investment made
[shares] 0 [shares] 0 [shares] 0 [shares] 0
in body corporate

Details of current investments [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classification of current investments [Axis] 3
01/04/2021
to
31/03/2022
Current investments [Abstract]
Disclosure of details of current investments [Abstract]
Details of current investments [Line items]
Other current
Type of current investments investments
Class of current investments Current investments
Nature of current investments Unquoted
Current investments 3,700
carried at amortised
Basis of valuation of current investments cost
Investments in
Name of body corporate in whom investment has been made certificate of
deposits
Number of shares of current investment made in body corporate [shares] 0

Unless otherwise specified, all monetary values are in Millions of INR

31/03/2022 31/03/2021
Disclosure of notes on current investments explanatory [TextBlock]
Aggregate amount of quoted current investments 86,228 7,927
Market value of quoted current investments 0 0
Aggregate amount of unquoted current investments 4,452 1,150
Aggregate provision for diminution in value of current investments 0 0

128
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[611600] Notes - Non-current asset held for sale and discontinued operations
Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of non-current assets held for sale and discontinued operations
[TextBlock]
Net cash flows from (used in) operating activities, continuing
-39,004 -11,753
operations
Net cash flows from (used in) operating activities -39,004 -11,753
Net cash flows from (used in) investing activities, continuing
-91,601 12,815
operations
Net cash flows from (used in) investing activities -91,601 12,815
Net cash flows from (used in) financing activities, continuing
136,341 137
operations
Net cash flows from (used in) financing activities 136,341 137

[400100] Notes - Equity share capital

Disclosure of shareholding more than five per cent in company [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Name of shareholder [Member] Shareholder 1 [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Refer to child Refer to child
Type of share member member
Equity Equity

Disclosure of shareholding more than five per cent in

company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Refer to child Refer to child
Type of share member member
Equity Equity
Refer to child Refer to child IIFL Special Opportunities Sriharsha
Name of shareholder member member Fund – S Majety
Permanent account number of shareholder AABTI5210M BDHPS5275G
Country of incorporation or residence of
INDIA INDIA
shareholder
[shares]
Number of shares held in company [shares] 84,59,310 [shares] 99,070 [shares] 40,60,098
54,690
Percentage of shareholding in company 98.00% 95.00% 47.00% 52.00%

Disclosure of shareholding more than five per cent in company [Table] ..(2)
Unless otherwise specified, all monetary values are in Millions of INR
Classes of equity share capital [Axis] Equity shares 1 [Member]
Name of shareholder [Axis] Shareholder 2 [Member] Shareholder 3 [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Type of share Equity Equity Equity Equity
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
Type of share Equity Equity Equity Equity
SAIF Partners Lakshmi Nandan
Name of shareholder India V Ltd Reddy Obul
Sushma Anand Jain Rahul Jaimini

Permanent account number of shareholder AAQPO4616C AABPJ1891K AMYPJ1550G

Country of incorporation or residence of
MAURITIUS INDIA INDIA INDIA
shareholder
Number of shares held in company [shares] 14,01,000 [shares] 24,690 [shares] 8,47,605 [shares] 19,690
Percentage of shareholding in company 16.00% 24.00% 10.00% 19.00%

129
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of shareholding more than five per cent in company [Table] ..(3)
Unless otherwise specified, all monetary values are in Millions of INR
Equity shares 2
Classes of equity share capital [Axis] Equity shares 1 [Member]
[Member]
Name of
Shareholder 4 Shareholder 5 Shareholder 6
Name of shareholder [Axis] shareholder
[Member] [Member] [Member]
[Member]
01/04/2021 01/04/2021 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2022 31/03/2022 31/03/2022
(A) Preference
Type of share Equity Equity Equity
shares
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
(A) Preference
Type of share Equity Equity Equity
shares
MIH India Food
Name of shareholder Holdings B.V
Mauryan First Others

Permanent account number of shareholder AAETM5389A XXXXX3333M

Country of incorporation or residence of
NETHERLANDS INDIA INDIA
shareholder
Number of shares held in company [shares] 9,47,076 [shares] 4,94,553 [shares] 7,08,978
Percentage of shareholding in company 11.00% 6.00% 8.00%

Footnotes
(A) 0.01% compulsorily convertible cumulative preference shares

Disclosure of shareholding more than five per cent in company [Table] ..(4)
Unless otherwise specified, all monetary values are in Millions of INR
Equity shares 2 Equity shares 4
Classes of equity share capital [Axis] Equity shares 3 [Member]
[Member] [Member]
Name of Name of
Name of shareholder [Axis] shareholder Name of shareholder [Member] shareholder
[Member] [Member]
01/04/2020 01/04/2021 01/04/2020 01/04/2021
to to to to
31/03/2021 31/03/2022 31/03/2021 31/03/2022
(B) Preference
Type of share Preference shares (A) Preference shares Preference shares
shares
Disclosure of shareholding more than five per cent in
company [Abstract]
Disclosure of shareholding more than five per cent
in company [LineItems]
(B) Preference
Type of share Preference shares (A) Preference shares Preference shares
shares

Footnotes
(A) 0.01% compulsorily convertible cumulative preference shares
(B) 0.01% compulsorily convertible cumulative preference shares

Disclosure of shareholding more than five per cent in company [Table] ..(5)
Unless otherwise specified, all monetary values are in Millions of INR
Equity shares 4
Classes of equity share capital [Axis]
[Member]
Name of
Name of shareholder [Axis] shareholder
[Member]
01/04/2020
to
31/03/2021
Type of share Preference shares
Disclosure of shareholding more than five per cent in company [Abstract]
Disclosure of shareholding more than five per cent in company [LineItems]
Type of share Preference shares

130
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of classes of equity share capital [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Equity shares 1
Classes of equity share capital [Axis] Equity shares [Member]
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line
items]
Refer to child
Type of share member
[shares]
Number of shares authorised [shares] 230,94,62,099 [shares] 16,16,345
214,50,06,000
Value of shares authorised 166,343.03099 11.66345 2,145.006
Number of shares issued [shares] 16,45,59,145 [shares] 9,89,476 [shares] 85,62,704
Value of shares issued 155,633.989504 8.951542 8.562704
Number of shares subscribed and fully paid [shares] 16,45,59,145 [shares] 9,89,476 [shares] 85,62,704
Value of shares subscribed and fully paid 155,633.989504 8.951542 8.562704
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 16,45,59,145 [shares] 9,89,476 [shares] 85,62,704
Total value of shares subscribed 155,633.989504 8.951542 8.562704
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 16,45,59,145 [shares] 9,89,476 [shares] 85,62,704
Value of shares called 155,633.989504 8.951542 8.562704
Value of shares paid-up 155,633.989504 8.951542 8.562704
Par value per share [INR/shares] 1
Amount per share called in case shares not fully
[INR/shares] 0
called
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued as bonus shares [shares] 16,31,05,600 [shares] 0
Number of shares issued in other private
[shares] 4,52,377 [shares] 16,231 [shares] 10
placement
Number of other issues of shares [shares] 6,737 [shares] 0 (A) [shares] 6,737
Number of shares issued under employee
[shares] 4,955 [shares] 0 [shares] 4,955
stock option plan
Number of other issue of shares
(B) [shares]
arising out of conversion of [shares] 84,46,200 [shares] 0
84,46,200
securities
Total aggregate number of shares issued
[shares] 17,20,15,869 [shares] 16,231 [shares] 84,57,902
during period
Decrease in number of shares during period
[Abstract]
Other decrease in number of shares [shares] 84,46,200 [shares] 0
Total decrease in number of shares during
[shares] 84,46,200 [shares] 0
period
Total increase (decrease) in number of
[shares] 16,35,69,669 [shares] 16,231 [shares] 84,57,902
shares outstanding
Number of shares outstanding at end of period [shares] 16,45,59,145 [shares] 9,89,476 [shares] 9,73,245 [shares] 85,62,704
Reconciliation of value of shares outstanding
[Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during
period [Abstract]
Amount of bonus issue during period 163,105.6 0
Amount of other private placement issue
957.18007 0.138262 0.00001
during period
Amount of other issues during period 0.006737 0 (C) 0.006737
Amount of shares issued under employee
0.004955 0 0.004955
stock option plan
Amount of other issue arising out of
conversion of securities during 8.4462 0 (D) 8.4462
period
Total aggregate amount of increase
164,071.237962 0.138262 8.457902
in equity share capital during period

131
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Decrease in equity share capital during

period [Abstract]
Other decrease in amount of shares 8,446.2 0
Total decrease in equity share capital
8,446.2 0
during period
Total increase (decrease) in share capital 155,625.037962 0.138262 8.457902
Equity share capital at end of period 155,633.989504 8.951542 8.81328 8.562704
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Total application money received for
allotment of securities and due for refund 0 0 0
and interest accrued thereon
Refer to child
Type of share member

(A) Sweat Equity

(B) Conversion of Bonus CCCPS to equity shares
(C) Sweat Equity
(D) Conversion of Bonus CCCPS to equity shares

132
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of classes of equity share capital [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of equity share capital [Axis] Equity shares 1 [Member] Equity shares 2 [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line
items]
(A) Preference
Type of share Refer to child member
shares
Preference shares

Number of shares authorised [shares] 5,00,000 [shares] 12,42,499 [shares] 11,16,345

Value of shares authorised 0.5 12.42499 11.16345
Number of shares issued [shares] 1,04,802 [shares] 12,41,680 [shares] 8,84,674
Value of shares issued 0.104802 12.4168 8.84674
Number of shares subscribed and fully paid [shares] 1,04,802 [shares] 12,41,680 [shares] 8,84,674
Value of shares subscribed and fully paid 0.104802 12.4168 8.84674
Number of shares subscribed but not fully paid [shares] 0 [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0 0
Total number of shares subscribed [shares] 1,04,802 [shares] 12,41,680 [shares] 8,84,674
Total value of shares subscribed 0.104802 12.4168 8.84674
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 1,04,802 [shares] 12,41,680 [shares] 8,84,674
Value of shares called 0.104802 12.4168 8.84674
Value of shares paid-up 0.104802 12.4168 8.84674
Par value per share [INR/shares] 1 [INR/shares] 10 [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 0 [INR/shares] 0 [INR/shares] 0
called
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in other private
[shares] 2,672 [shares] 3,57,006 [shares] 13,559
placement
Number of other issues of shares [shares] 0
Number of shares issued under employee
[shares] 0
stock option plan
Number of other issue of shares
arising out of conversion of [shares] 0
securities
Total aggregate number of shares issued
[shares] 2,672 [shares] 3,57,006 [shares] 13,559
during period
Total increase (decrease) in number of
[shares] 2,672 [shares] 3,57,006 [shares] 13,559
shares outstanding
Number of shares outstanding at end of period [shares] 1,04,802 [shares] 1,02,130 [shares] 12,41,680 [shares] 8,84,674
Reconciliation of value of shares outstanding
[Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during
period [Abstract]
Amount of other private placement issue
0.002672 3.57006 0.13559
during period
Amount of other issues during period 0
Amount of shares issued under employee
0
stock option plan
Amount of other issue arising out of
conversion of securities during 0
period
Total aggregate amount of increase
0.002672 3.57006 0.13559
in equity share capital during period
Total increase (decrease) in share capital 0.002672 3.57006 0.13559
Equity share capital at end of period 0.104802 0.10213 12.4168 8.84674
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]

133
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Total application money received for

allotment of securities and due for refund 0 0 0
and interest accrued thereon
(A) Preference
Type of share Refer to child member
shares
Preference shares

Footnotes
(A) 0.01% compulsorily convertible cumulative preference shares

Disclosure of classes of equity share capital [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Equity shares 2
Classes of equity share capital [Axis] Equity shares 3 [Member]
[Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line
items]
Type of share (A) Preference shares Preference shares
Number of shares authorised [shares] 1,08,000 [shares] 0
Value of shares authorised 1,080 0
Number of shares issued [shares] 95,361 [shares] 0
Value of shares issued 953.61 0
Number of shares subscribed and fully paid [shares] 95,361 [shares] 0
Value of shares subscribed and fully paid 953.61 0
Number of shares subscribed but not fully paid [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0
Total number of shares subscribed [shares] 95,361 [shares] 0
Total value of shares subscribed 953.61 0
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 95,361 [shares] 0
Value of shares called 953.61 0
Value of shares paid-up 953.61 0
Par value per share [INR/shares] 10,000 [INR/shares] 10
Amount per share called in case shares not fully
[INR/shares] 0 [INR/shares] 0
called
Reconciliation of number of shares outstanding
[Abstract]
Changes in number of shares outstanding
[Abstract]
Increase in number of shares outstanding
[Abstract]
Number of shares issued in other private
[shares] 95,361 [shares] 0
placement
Total aggregate number of shares issued
[shares] 95,361 [shares] 0
during period
Total increase (decrease) in number of
[shares] 95,361 [shares] 0
shares outstanding
Number of shares outstanding at end of period [shares] 8,71,115 [shares] 95,361 [shares] 0 [shares] 0
Reconciliation of value of shares outstanding
[Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during
period [Abstract]
Amount of other private placement issue
953.61 0
during period
Total aggregate amount of increase
953.61 0
in equity share capital during period
Total increase (decrease) in share capital 953.61 0
Equity share capital at end of period 8.71115 953.61 0 0
Details of application money received for
allotment of securities and due for refund and
interest accrued thereon [Abstract]
Application money received for allotment of
securities and due for refund and interest
accrued thereon [Abstract]
Total application money received for
allotment of securities and due for refund 0 0
and interest accrued thereon
Type of share (A) Preference shares Preference shares

134
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Footnotes
(A) 0.01% compulsorily convertible cumulative preference shares

Disclosure of classes of equity share capital [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Classes of equity share capital [Axis] Equity shares 4 [Member]
01/04/2021 01/04/2020
to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of classes of equity share capital [Abstract]
Disclosure of classes of equity share capital [Line items]
Type of share (A) Preference shares Preference shares
Number of shares authorised [shares] 16,31,05,600 [shares] 0
Value of shares authorised 163,105.6 0
Number of shares issued [shares] 15,46,59,400 [shares] 0
Value of shares issued 154,659.4 0
Number of shares subscribed and fully paid [shares] 15,46,59,400 [shares] 0
Value of shares subscribed and fully paid 154,659.4 0
Number of shares subscribed but not fully paid [shares] 0 [shares] 0
Value of shares subscribed but not fully paid 0 0
Total number of shares subscribed [shares] 15,46,59,400 [shares] 0
Total value of shares subscribed 154,659.4 0
Value of shares paid-up [Abstract]
Number of shares paid-up [shares] 15,46,59,400 [shares] 0
Value of shares called 154,659.4 0
Value of shares paid-up 154,659.4 0
Par value per share [INR/shares] 1,000 [INR/shares] 0
Amount per share called in case shares not fully called [INR/shares] 0 [INR/shares] 0
Reconciliation of number of shares outstanding [Abstract]
Changes in number of shares outstanding [Abstract]
Increase in number of shares outstanding [Abstract]
Number of shares issued as bonus shares [shares] 16,31,05,600 [shares] 0
Total aggregate number of shares issued during period [shares] 16,31,05,600 [shares] 0
Decrease in number of shares during period [Abstract]
Other decrease in number of shares (B) [shares] 84,46,200 [shares] 0
Total decrease in number of shares during period [shares] 84,46,200 [shares] 0
Total increase (decrease) in number of shares outstanding [shares] 15,46,59,400 [shares] 0
Number of shares outstanding at end of period [shares] 15,46,59,400 [shares] 0 [shares] 0
Reconciliation of value of shares outstanding [Abstract]
Changes in equity share capital [Abstract]
Increase in equity share capital during period [Abstract]
Amount of bonus issue during period 163,105.6 0
Total aggregate amount of increase in equity share
163,105.6 0
capital during period
Decrease in equity share capital during period [Abstract]
Other decrease in amount of shares (C) 8,446.2 0
Total decrease in equity share capital during period 8,446.2 0
Total increase (decrease) in share capital 154,659.4 0
Equity share capital at end of period 154,659.4 0 0
Details of application money received for allotment of
securities and due for refund and interest accrued thereon
[Abstract]
Application money received for allotment of securities
and due for refund and interest accrued thereon [Abstract]
Total application money received for allotment of
securities and due for refund and interest accrued 0 0
thereon
Type of share (A) Preference shares Preference shares

Footnotes
(A) 0.01% compulsorily convertible cumulative preference shares
(B) Converted during the year
(C) Converted during the year

135
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of notes on equity share capital explanatory [TextBlock]
Whether there are any shareholders holding more than five per cent
Yes Yes
shares in company
Number of persons on private placement of equity share [pure] 38 [pure] 12
Private Placement
Nature of security on private placement of equity share Private Placement

[400300] Notes - Borrowings

Classification of borrowings [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Non-current [Member]
Classification of borrowings [Axis] Borrowings [Member]
Secured/Unsecured borrowings
Subclassification of borrowings [Axis] Secured borrowings [Member]
[Member]
01/04/2020
31/03/2022 31/03/2021 to 31/03/2022
31/03/2021
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 0 665 665 0
Nature of security [Abstract]
Nature of security Refer to child member

Classification of borrowings [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Non-current [Member]
Classification of borrowings [Axis] Term loans [Member] Term loans from others [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
01/04/2020 01/04/2020
to 31/03/2022 to 31/03/2022
31/03/2021 31/03/2021
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 665 0 665 0
Nature of security [Abstract]
Nature of security Refer to child member Refer to child member

Classification of borrowings [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Non-current [Member] Current [Member]
Rupee term loans from others
Classification of borrowings [Axis] Borrowings [Member]
[Member]
Secured/Unsecured borrowings
Subclassification of borrowings [Axis] Secured borrowings [Member]
[Member]
01/04/2020
to 31/03/2022 31/03/2022 31/03/2021
31/03/2021
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings (A) 665 0 0 253
Nature of security [Abstract]
Textual information (8) [See
Nature of security below]

Footnotes
(A) Term loan from financial institution

136
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Classification of borrowings [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Current [Member]
Classification of borrowings [Axis] Borrowings [Member] Term loans [Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
01/04/2020
to 31/03/2022 31/03/2022 31/03/2021
31/03/2021
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 253 0 0 118
Nature of security [Abstract]
Nature of security Refer to child member

Classification of borrowings [Table] ..(5)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Current [Member]
Rupee term loans from others
Classification of borrowings [Axis] Term loans from others [Member]
[Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 0 118 0 118

Classification of borrowings [Table] ..(6)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Current [Member]
Loans repayable on demand from banks
Classification of borrowings [Axis] Loans repayable on demand [Member]
[Member]
Subclassification of borrowings [Axis] Secured borrowings [Member] Secured borrowings [Member]
01/04/2020 01/04/2020
to 31/03/2022 to 31/03/2022
31/03/2021 31/03/2021
Borrowings notes [Abstract]
Details of borrowings [Abstract]
Details of borrowings [Line items]
Borrowings 135 0 (A) 135 0
Nature of security [Abstract]
Textual information (9) [See
Nature of security Refer to child member
below]

Footnotes
(A) Overdraft from banks

Textual information (8)

Nature of security
During the year ended March 31, 2020 the Group had availed an Indian currency term loan from HDFC Bank Limited amounting to Rs. 912
Million (out of the sanctioned limit of Rs. 950 Million), the loan carries an interest rate of 7.6% p.a (Previous year: 8.6% p.a.,) [MCLR +
spread of 0.30 %] and is repayable in 84 monthly instalments commencing from January 07, 2020. The term loan is primarily secured by
fixed assets of Private brands to the extent of 100% amounting to Rs. 950 Million and collateral security to the extent of 60% by fixed
deposits (or 30% by debt mutual fund investments and 30% by fixed deposits) amounting to Rs. 570 Million. Subsequent to the balance sheet
date as on July 07, 2021, the outstanding balance of the term loan has been fully repaid.

Textual information (9)

Nature of security
During the year ended March 31, 2021 the Group has availed an Indian currency over draft facility from Yes Bank Limited amounting to Rs.
135 Million (out of the sanctioned limit of Rs. 200 Million), the loan carries an interest rate of 7.5 % p.a (MCLR + spread of 0.90 %) for a
period of 12 months subject to annual review. The over draft facility is secured by Fixed deposit. As on January 05, 2022, the outstanding
balance of overdraft has been fully repaid.

137
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[612700] Notes - Income taxes

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021
to
31/03/2022
Textual information (10)
Disclosure of income tax [TextBlock] [See below]

138
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Textual information (10)

Disclosure of income tax [Text Block]

Income taxes

Reconciliation of tax expense and the accounting profit multiplied by India's domestic
tax rate for the year ended March 31, 2022 and March 31, 2021.

(Rs. in
Million)

Year Year
Particulars
ended ended

March
March 31, 2022 31,
2021

Accounting profit before income tax -36,289 -16,169

Tax charge at India's statutory income tax rate of 34.22% (March 31, 2021: 31.20%) - -

Income tax expense reported in the consolidated statement of profit and loss - -

Deferred tax

As at year ended March 31, 2022 and March 31, 2021, the Group is having net
deferred tax assets primarily comprising of deductible temporary differences,
unabsorbed depreciation and brought forward losses under tax laws. However, in the
absence of reasonable certainty as to its realization of Deferred Tax Assets (DTA),
DTA has not been created. The unused tax losses may expire upto 8 years.

Particulars As at As at

March
March 31, 2022 31,
2021

Deferred tax liability

Impact on business combination - -

Deferred tax assets

Brought Forward losses 98,323 72,071

Unabsorbed Depreciation 7,952 1,652

Other temporary differences 11,261 9,601

1,17,536 83,324

Recognised in books - -

139
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[611000] Notes - Exploration for and evaluation of mineral resources

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of exploration and evaluation assets [TextBlock]
Whether there are any exploration and evaluation activities No No

[611900] Notes - Accounting for government grants and disclosure of government assistance
Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of accounting for government grants and disclosure of government
assistance [TextBlock]
Whether company has received any government grant or government assistance No No

[401100] Notes - Subclassification and notes on liabilities and assets

Other non-current assets, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other non-current assets, others [Axis] 1 2
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Other non-current assets notes [Abstract]
Other non-current assets [Abstract]
Other non-current assets, others 157 54 89 130
Other non-current assets, others [Abstract]
Other non-current assets, others [Line items]
Description of other non-current assets,
Capital advances* Capital advances* Prepaid expense Prepaid expense
others
Other non-current assets, others 157 54 89 130

Other non-current assets, others [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Other non-current assets, others [Axis] 3 4
01/04/2021 01/04/2020 01/04/2020
to to to
31/03/2022 31/03/2021 31/03/2021
Subclassification and notes on liabilities and assets [Abstract]
Other non-current assets notes [Abstract]
Other non-current assets [Abstract]
Other non-current assets, others 1,092 275 484
Other non-current assets, others [Abstract]
Other non-current assets, others [Line items]
Description of other non-current assets, others INCOME TAX Others** INCOME TAX
Other non-current assets, others 1,092 275 484

140
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Other current assets others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other current assets others [Axis] 1 2
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Other current assets notes [Abstract]
Other current assets [Abstract]
Other current assets, others 1,080 280 1,564 264
Other current assets others [Abstract]
Other current assets others [Line items]
Advance to
Description of other current assets others Prepaid expense Prepaid expense
suppliers
Advance to suppliers

Other current assets, others 1,080 280 1,564 264

Other current assets others [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Other current assets others [Axis] 3 4
01/04/2020 01/04/2021
01/04/2021 01/04/2020
to to
to to
31/03/2022 31/03/2021
31/03/2021 31/03/2022
Subclassification and notes on liabilities and assets
[Abstract]
Other current assets notes [Abstract]
Other current assets [Abstract]
Other current assets, others 2,280 4 199 898
Other current assets others [Abstract]
Other current assets others [Line items]
Balance with statutory and Employee Balance with statutory and
Description of other current assets others government authorities advances
Others**
government authorities
Other current assets, others 2,280 4 199 898

Other current assets others [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Other current assets others [Axis] 5
01/04/2020
to
31/03/2021
Subclassification and notes on liabilities and assets [Abstract]
Other current assets notes [Abstract]
Other current assets [Abstract]
Other current assets, others 31
Other current assets others [Abstract]
Other current assets others [Line items]
Description of other current assets others Others**
Other current assets, others 31

Other current financial assets others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other current financial assets others [Axis] 1 2
01/04/2020
01/04/2021 01/04/2021 01/04/2020
to to to
to
31/03/2022 31/03/2022 31/03/2021
31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Other current financial assets [Abstract]
Other current financial assets others 375 643 1,454 85
Other current financial assets others [Abstract]
Other current financial assets others [Line
items]
Description other current financial assets Bank deposits with more than Security Margin money deposit Interest
others 12 months maturity deposits (refer note 10.1) receivable
Other current financial assets others 375 643 1,454 85

141
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Other current financial assets others [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Other current financial assets others [Axis] 3 4 5
01/04/2021 01/04/2020 01/04/2021 01/04/2021
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2022
Subclassification and notes on liabilities and assets
[Abstract]
Other current financial assets [Abstract]
Other current financial assets others 483 137 508 147
Other current financial assets others [Abstract]
Other current financial assets others [Line
items]
Description other current financial assets Security Balance with delivery Balance with
Interest receivable
others deposits partners delivery partners
Other current financial assets others 483 137 508 147

Other current financial assets others [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Other current financial assets others [Axis] 6
01/04/2021
to
31/03/2022
Subclassification and notes on liabilities and assets [Abstract]
Other current financial assets [Abstract]
Other current financial assets others 232
Other current financial assets others [Abstract]
Other current financial assets others [Line items]
Description other current financial assets others Others
Other current financial assets others 232

Subclassification of trade receivables [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Current [Member]
Classification of assets based on security
Classification of assets based on security [Axis] Unsecured considered good [Member]
[Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of notes on trade receivables [Abstract]
Subclassification of trade receivables [Abstract]
Subclassification of trade receivables [Line
items]
Breakup of trade receivables [Abstract]
Trade receivables, gross 11,612 2,043 (A) 11,612 (B) 2,043
Allowance for bad and doubtful debts 493 389 493 389
Total trade receivables 11,119 1,654 11,119 1,654
Details of trade receivables due by
directors, other officers or others
[Abstract]
Trade receivables due by directors 0 0
Trade receivables due by other officers 0 0
Total trade receivables due by
0 0
directors, other officers or others
Details of trade receivables due by firms
or companies in which any director is
partner or director [Abstract]
Trade receivables due by firms in
0 0
which any director is partner
Trade receivables due by private
companies in which any director is 0 0
director
Trade receivables due by private
companies in which any director is 0 0
member
Total trade receivables due by
firms or companies in which any 0 0
director is partner or director

142
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Footnotes
(A) Unsecured, considered good : 11,119 Trade receivables - credit impaired : 493
(B) Unsecured, considered good : 1654 Trade receivables - credit impaired : 389

Classification of inventories [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification of inventories [Axis] Company inventories [Member] Raw materials [Member]
01/04/2021 01/04/2020
31/03/2022 31/03/2021 to to
31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Inventories notes [Abstract]
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories 177 160 53 50
Textual information Textual information
Mode of valuation (11) [See below] (12) [See below]

Classification of inventories [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Classification of inventories [Axis] Stock-in-trade [Member]
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets [Abstract]
Inventories notes [Abstract]
Classification of inventories [Abstract]
Classification of inventories [Line items]
Inventories 124 110
Textual information Textual information
Mode of valuation (13) [See below] (14) [See below]

Other non-current financial assets, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification of other non-current financial assets others [Axis] 1
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets [Abstract]
Other non-current financial assets notes [Abstract]
Other non-current financial assets [Abstract]
Other non-current financial assets, others 573 307
Other non-current financial assets, others [Abstract]
Other non-current financial assets, others [Line items]
SECURITY SECURITY
Description other non-current financial assets, others DEPOSITS DEPOSITS
Other non-current financial assets, others 573 307

Other current financial liabilities, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other current financial liabilities, others [Axis] 1 2
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of other current financial liabilities
notes [Abstract]
Other current financial liabilities [Abstract]
Other current financial liabilities, others 309 354 551 306
Other current financial liabilities, others
[Abstract]
Other current financial liabilities, others
[Line items]
Description of other current financial Payable to Employee related Employee related
Payable to merchants
liabilities, others merchants liabilities liabilities
Other current financial liabilities,
309 354 551 306
others

143
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Other current financial liabilities, others [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Other current financial liabilities, others [Axis] 3 4
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of other current financial liabilities
notes [Abstract]
Other current financial liabilities [Abstract]
Other current financial liabilities, others 424 90 511 110
Other current financial liabilities, others
[Abstract]
Other current financial liabilities, others
[Line items]
Description of other current financial Security deposit Security deposit
Capital creditors Capital creditors
liabilities, others payable payable
Other current financial liabilities,
424 90 511 110
others

Other current financial liabilities, others [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Other current financial liabilities, others [Axis] 5 6
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of other current financial liabilities
notes [Abstract]
Other current financial liabilities [Abstract]
Other current financial liabilities, others 1,876 4 156 13
Other current financial liabilities, others
[Abstract]
Other current financial liabilities, others
[Line items]
Liability component Interest accrued but
Description of other current financial
of Share based n o t due o n Others Others
liabilities, others payment borrowings
Other current financial liabilities,
1,876 4 156 13
others

Other non-current liabilities others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other non-current liabilities others [Axis] 1
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets [Abstract]
Other non-current liabilities [Abstract]
Other non-current liabilities others 4,087 3,897
Other non-current liabilities others [Abstract]
Other non-current liabilities others [Line items]
LEASE LEASE
Description of other non-current liabilities others LIABILITIES LIABILITIES
Other non-current liabilities others 4,087 3,897

144
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of breakup of provisions [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Classification based on current non-current [Axis] Non-current [Member] Current [Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Provisions notes [Abstract]
Disclosure of breakup of provisions [Abstract]
Disclosure of breakup of provisions [Line items]
Provisions [Abstract]
Provisions for employee benefits
[Abstract]
Provision gratuity 277 184 41 20
Provision other employee related
(A) 565 419
liabilities
Total provisions for employee benefits 277 184 606 439
CSR expenditure provision 0 0 0 0
Total provisions 277 184 606 439

Footnotes
(A) Compensated absences

Other current liabilities, others [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Other current liabilities, others [Axis] 1 2
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of other current liabilities notes
[Abstract]
Other current liabilities [Abstract]
Other current liabilities, others 1,558 770 64 281
Other current liabilities, others [Abstract]
Other current liabilities, others [Line
items]
Description of other current liabilities,
Statutory liabilities Statutory liabilities Others Others
others
Other current liabilities, others 1,558 770 64 281

Other current liabilities, others [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Other current liabilities, others [Axis] 3 4
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Subclassification and notes on liabilities and assets
[Abstract]
Disclosure of other current liabilities notes
[Abstract]
Other current liabilities [Abstract]
Other current liabilities, others 227 49 995 885
Other current liabilities, others [Abstract]
Other current liabilities, others [Line
items]
Description of other current liabilities,
Contract liabilities Contract liabilities LEASE LEASE
others
Other current liabilities, others 227 49 995 885

145
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Unless otherwise specified, all monetary values are in Millions of INR

31/03/2022 31/03/2021
Disclosure of subclassification and notes on liabilities and assets
explanatory [TextBlock]
Total other non-current financial assets 573 307
Advances, non-current 0 0

Total other non-current assets (A) 1,338 (B) 943

Disclosure of notes on cash and bank balances explanatory [TextBlock]
Fixed deposits with banks 0 0
Other deposits with banks 4,000 0
Other balances with banks 6,961 5,225
Total balance with banks 10,961 5,225
Cash on hand 0 0
Total cash and cash equivalents 10,961 5,225
Bank balance other than cash and cash equivalents 77 1,800
Total cash and bank balances 11,038 7,025
Total balances held with banks to extent held as
margin money or security against borrowings, 0 0
guarantees or other commitments
Bank deposits with more than 12 months maturity 0 0
Total other current financial assets 3,199 865
Total other current assets 5,123 1,477
Security deposits refundable, Non-current 186 0
Total other non-current financial liabilities 186 0

Total other non-current liabilities (C) 4,087 (D) 3,897

Interest accrued on borrowings 0 0
Interest accrued on public deposits 0 0
Interest accrued others 0 0
Unpaid dividends 0 0
Unpaid matured deposits and interest accrued thereon 0 0
Unpaid matured debentures and interest accrued thereon 0 0
Debentures claimed but not paid 0 0
Public deposit payable, current 0 0
Total other current financial liabilities 3,827 877
Current liabilities portion of share application money pending
0 0
allotment
Total other current liabilities (E) 2,844 (F) 1,985

Footnotes
(A) Income tax assets - Tax deducted at source : 1092 Other non-current assets : 246
(B) Income tax assets - Tax deducted at source : 484 Other non-current assets : 459
(C) Lease liabilities : 4087
(D) Lease liabilities : 3897
(E) Lease liabilities : 995 Contract liabilities : 227 Other current liabilities : 1622
(F) Lease liabilities : 885 Contract liabilities : 49 Other current liabilities : 1051

Textual information (11)

Mode of valuation
Inventory is stated at the lower of cost and net realisable value. Cost of inventories comprise of all cost of purchase and other cost incurred in
bringing the inventories to their present location and condition. Cost is determined using weighted average method. Net realisable value is
the estimated selling price in the ordinary course of business, less estimated costs of completion and the estimated costs necessary to make
the sale.

Textual information (12)

Mode of valuation
Inventory is stated at the lower of cost and net realisable value. Cost of inventories comprise of all cost of purchase and other cost incurred in
bringing the inventories to their present location and condition. Cost is determined using weighted average method. Net realisable value is
the estimated selling price in the ordinary course of business, less estimated costs of completion and the estimated costs necessary to make
the sale.

146
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Textual information (13)

Mode of valuation
Inventory is stated at the lower of cost and net realisable value. Cost of inventories comprise of all cost of purchase and other cost incurred in
bringing the inventories to their present location and condition. Cost is determined using weighted average method. Net realisable value is
the estimated selling price in the ordinary course of business, less estimated costs of completion and the estimated costs necessary to make
the sale.

Textual information (14)

Mode of valuation
Inventory is stated at the lower of cost and net realisable value. Cost of inventories comprise of all cost of purchase and other cost incurred in
bringing the inventories to their present location and condition. Cost is determined using weighted average method. Net realisable value is
the estimated selling price in the ordinary course of business, less estimated costs of completion and the estimated costs necessary to make
the sale.

147
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[401200] Notes - Additional disclosures on balance sheet

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of additional balance sheet notes explanatory [TextBlock]
Additional balance sheet notes [Abstract]
Contingent liabilities and commitments [Abstract]
Classification of contingent liabilities [Abstract]
Total contingent liabilities 0 0
Total contingent liabilities and commitments 0 0
Details regarding dividends [Abstract]
Amount of dividends proposed to be distributed to equity shareholders 0 0
Amount of per share dividend proposed to be distributed to equity
[INR/shares] 0 [INR/shares] 0
shareholders
Details of deposits [Abstract]
Deposits accepted or renewed during period 0 0
Deposits matured and claimed but not paid during period 0 0
Deposits matured and claimed but not paid 0 0
Deposits matured but not claimed 0 0
Interest on deposits accrued and due but not paid 0 0
Details of share application money received and paid [Abstract]
Share application money received during year 0 0
Share application money paid during year 0 0
Amount of share application money received back during year 0 0
Amount of share application money repaid returned back during year 0 0
Number of person share application money paid during year [pure] 0 [pure] 0
Number of person share application money received during year [pure] 0 [pure] 0
Number of person share application money paid as at end of year [pure] 0 [pure] 0
Number of person share application money received as at end of year [pure] 0 [pure] 0
Share application money received and due for refund 0 0
Details regarding cost records and cost audit[Abstract]
Details regarding cost records [Abstract]
Whether maintenance of cost records by company has been
mandated under Companies (Cost Records and Audit) Rules, No No
2014
Net worth of company 122,668.99 17,373.95
Details of unclaimed liabilities [Abstract]
Unclaimed share application refund money 0 0
Unclaimed matured debentures 0 0
Unclaimed matured deposits 0 0
Interest unclaimed amount 0 0
Financial parameters balance sheet items [Abstract]
Investment in subsidiary companies 0 0
Investment in government companies 0 0
Amount due for transfer to investor education and protection fund
0 0
(IEPF)
Gross value of transactions with related parties (A) 119,313 (B) 19
Number of warrants converted into equity shares during period [pure] 0 [pure] 0
Number of warrants converted into preference shares during period [pure] 0 [pure] 0
Number of warrants converted into debentures during period [pure] 0 [pure] 0
Number of warrants issued during period (in foreign currency) [pure] 0 [pure] 0
Number of warrants issued during period (INR) [pure] 0 [pure] 0

Footnotes
(A) Maverix : 16 Issue and allotment of bonus CCPS shares to key managerial personnel : 119297
(B) Maverix : 19 Issue and allotment of bonus CCPS shares to key managerial personnel : 0

148
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[611800] Notes - Revenue

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Textual information (15)
Disclosure of revenue [TextBlock] [See below]
NA

Textual information (15)

Disclosure of revenue [Text Block]

The Group generates revenue mainly from providing online platform services to partner merchants (including restaurant
merchants, grocery merchants and delivery partners), advertisement services, sale of food and traded goods, subscriptions
and other platform services.

Revenue is recognised when control of goods and services is transferred to the customer upon the satisfaction of
performance obligation under the contract at an amount that reflects the consideration to which the Group expects to be
entitled in exchange for those goods or services.

Where performance obligation is satisfied over time, Group recognizes revenue over the contract period. Where performance
obligation is satisfied at a point in time, Group recognizes revenue when customer obtains control of promised goods and
services in the contract. Revenue is measured net of taxes.

[612400] Notes - Service concession arrangements

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of service concession arrangements [TextBlock]
Whether there are any service concession arrangments No No

[612000] Notes - Construction contracts

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of notes on construction contracts [TextBlock]
Whether there are any construction contracts No No

149
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[612600] Notes - Employee benefits

Disclosure of net defined benefit liability (assets) [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Defined benefit plans [Axis] Domestic defined benefit plans [Member]
Present value of
defined benefit
Net defined benefit liability (assets) [Axis] Net defined benefit liability (assets) [Member]
obligation
[Member]
Defined benefit plans categories [Axis] 1 1
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of net defined benefit liability
(assets) [Abstract]
Disclosure of net defined benefit liability
(assets) [Line items]
Description of type of plan Refer to child member Refer to child member Gratuity
Changes in net defined benefit liability
(assets) [Abstract]
Current service cost, net defined
101 71 101
benefit liability (assets)
Interest expense (income), net defined
10 8 10
benefit liability (assets)
Gain (loss) on remeasurement, net
defined benefit liability (assets)
[Abstract]
Actuarial losses (gains) arising from
changes in demographic assumptions,
-23 22 -23
net defined benefit liability
(assets)
Total loss (gain) on
remeasurement, net defined -23 22 -23
benefit liability (assets)
Increase (decrease) through other
changes, net defined benefit -20 -12 (A) -20
liability (assets)
Total increase (decrease) in net
114 45 114
defined benefit liability (assets)
Net defined benefit liability (assets) at
318 204 159 318
end of period

(A) Benefit paid : -20

Disclosure of net defined benefit liability (assets) [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Domestic defined benefit plans
Defined benefit plans [Axis]
[Member]
Present value of defined benefit
Net defined benefit liability (assets) [Axis]
obligation [Member]
Defined benefit plans categories [Axis] 1
01/04/2020
to 31/03/2020
31/03/2021
Disclosure of net defined benefit liability (assets) [Abstract]
Disclosure of net defined benefit liability (assets) [Line items]
Description of type of plan Gratuity
Changes in net defined benefit liability (assets) [Abstract]
Current service cost, net defined benefit liability (assets) 71
Interest expense (income), net defined benefit liability (assets) 8
Gain (loss) on remeasurement, net defined benefit liability (assets)
[Abstract]
Actuarial losses (gains) arising from changes in demographic
22
assumptions, net defined benefit liability (assets)
Total loss (gain) on remeasurement, net defined benefit liability
22
(assets)
Increase (decrease) through other changes, net defined benefit liability
(A) -12
(assets)
Total increase (decrease) in net defined benefit liability (assets) 45
Net defined benefit liability (assets) at end of period 204 159

150
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

(A) Benefit paid : -12

Disclosure of defined benefit plans [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Domestic defined benefit plans
Defined benefit plans [Axis]
[Member]
Defined benefit plans categories [Axis] 1
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of defined benefit plans [Abstract]
Disclosure of defined benefit plans [Line items]
Description of type of plan Gratuity Gratuity
Surplus (deficit) in plan [Abstract]
Defined benefit obligation, at present value -318 -204
Plan assets, at fair value 0 0
Net surplus (deficit) in plan 318 204
Actuarial assumption of discount rates 6.10% 5.35%

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021

Textual information (16) Refer to

Disclosure of employee benefits [TextBlock] [See below] significant accounting
policies
Disclosure of defined benefit plans [TextBlock]
Whether there are any defined benefit plans Yes Yes
Disclosure of net defined benefit liability (assets) [TextBlock]

151
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Textual information (16)

Disclosure of employee benefits [Text Block]

Employment benefit plans

(a) Defined contribution plan

The Group makes

contributions to provident
fund, employee state
insurance scheme
contributions which are
defined contribution plans
for qualifying employees.
Under the schemes, the
Group is required to
contribute a specified
percentage of the payroll
costs to fund the benefits.
The Group recognized Rs.
124 Million (March 31,
2021: Rs. 129 Million) for
provident fund contribution
and Rs. 3 Million (March
31, 2021: Rs. 6 Million) for
employee state insurance
scheme contribution in the
Statement of profit and
loss.

(b) Defined benefit plan

The Group offers Gratuity

benefit to employees, a
defined benefit plan,
Gratuity plan is governed
by the Payment of Gratuity
Act, 1972. The gratuity
plan provides for a lump
sum payment to vested
employees at retirement,
death while in employment
or on termination of
employment of an amount
equivalent to 15 days
basic salary payable for
each completed year of
service. Vesting occurs
upon completion of five
continuous years of
service.

Disclosure of Gratuity plan

as per Ind AS 19

Particulars As at As at

March
31, March 31, 2021
2022

Change in defined
A
benefit obligation

152
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Obligation at the
beginning of the 204 159
year

Current Service
101 71
cost

Interest cost 10 8

Actuarial loss
/(gain) (accounted 23 -22
through OCI)

Benefit paid -20 -12

Obligation at the
318 204
end of the year

B Plan assets - -

Net liability
C recognised in the 318 204
balance sheet

Particulars As at As at

March
31, March 31, 2021
2022

Expenses
recognised in the
D
statement of profit
and loss:

Service cost 101 71

Interest cost (net) 10 8

Net gratuity cost 111 79

Remeasurement
(gains)/losses in
E other
comprehensive
income

Actuarial (gain)/
loss due to
financial -11 5
assumption
changes

Actuarial (gain)/
loss due to
34 -27
experience
adjustments

153
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Actuarial (gain)/
loss due to - -
demographic
assumptions
changes

Total expenses
recognised through 23 -22
OCI

F Assumptions

5.6% - 4.85% -
Discount rate
6.10% 5.35%

Salary escalation 10% - 10% -

rate 12% 12%

Attrition rate 12%-35% 12%-35%

Retirement age
58 58
(years)

100% of 100% of
Mortality rate IALM IALM
2012-14 2012-14

The estimate of
future salary
increases
considered, takes
into account the
inflation, seniority,
promotion,
increments and
other relevant
factors, benefit
obligation such as
supply and
demand in the
employment
market.

The weighted
average duration of
defined benefit
obligation is 4
years (March 31,
2021: 4 years)

The expected
maturity analysis of
gratuity is as ( Rs. in
follows Million)
(Undiscounted
basis)

Particulars As at As at

March
31, March 31, 2021
2022

Five years

154
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

G pay-outs

0 - 1 year 41 20

2 - 5 years 217 132

6 - 10 years 110 76

> 10 years 62 46

Quantitative
sensitivity analysis
H for significant
assumption is
shown as below:

Year
Year
ended
ended
Particulars March
March
31,
31, 2021
2022

Decrease Increase Decrease Increase

Effect of change in
discount rate ( -/+ 329 299 216 194
1%)

Impact on defined
3% -6% 6% -5%
benefit obligation

Effect of change in
salary growth rate 300 327 195 215
(-/+ 1%)

Impact on defined
-6% 3% -4% 5%
benefit obligation

Effect of change in
attrition assumption 437 250 315 149
(-/+ 50%)

Impact on defined
37% -21% 54% -27%
benefit obligation

Effect of change in
mortality rate (-/+ 313 313 204 204
10%)

Impact on defined
-2% -2% 0% 0%
benefit obligation

[612800] Notes - Borrowing costs

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of borrowing costs [TextBlock]
Whether any borrowing costs has been capitalised during the year No No

155
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[612200] Notes - Leases

Disclosure of finance lease and operating lease by lessee [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Later than one year and not later than
Maturity [Axis] Not later than one year [Member]
five years [Member]
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of finance lease and operating lease by
lessee [Abstract]
Disclosure of finance lease and operating lease
by lessee [Line items]
Minimum finance lease payments payable 1,567 1,076 5,830 4,286

Disclosure of finance lease and operating lease by lessee [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Maturity [Axis] Later than five years [Member]
31/03/2022 31/03/2021
Disclosure of finance lease and operating lease by lessee [Abstract]
Disclosure of finance lease and operating lease by lessee [Line items]
Minimum finance lease payments payable 564 1,177

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Textual information (17)
Disclosure of leases [TextBlock] [See below]
Whether company has entered into any lease agreement Yes Yes
Disclosure of recognised finance lease as assets by lessee [TextBlock]
Disclosure of finance lease and operating lease by lessee [TextBlock]
Whether any operating lease has been converted to financial lease or
No No
vice-versa

156
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Textual information (17)

Disclosure of leases [Text Block]

Leases

The Group has entered into lease contracts for premises to use it for commercial
purpose to carry out it business i.e. office Buildings and for its operations of Kitchen
set up. These lease contracts of premises have lease terms between 2 and 10 years.
Lease agreements does not depict any restrictions/covenants imposed by lessor. The
Group also has certain leases of buildings (temporary spaces) with lease terms of 12
months or less. The Group has elected to apply the recognition exemption for leases
with a lease term (or remaining lease term) of twelve months or less. Payments
associated with short-term leases and low-value assets are recognised on a
straight-line basis as an expense in profit or loss over the lease term.

The carrying amounts of right-of-use assets recognised and the movements during
A
the period:

( Rs. in
Million)

Particular Buildings

Cost

As at April 01, 2020 9,208

Additions 452

Disposal/ Derecognition during the year -3,536

Reclass of prepaid expense to security deposit on account of vacation of premises as

-118
per Ind As 109

As at March 31, 2021 6,006

Additions 3,551

Disposal/ Derecognition during the year -3,020

Reclass of prepaid expense to security deposit on account of vacation of premises as

-89
per Ind As 109

As at March 31, 2022 6,448

Depreciation

As at April 01, 2020 1,362

Charge for the year 1,200

Disposal/ Derecognition during the year -896

As at March 31, 2021 1,666

Charge for the year 902

Disposal/ Derecognition during the year -847

Impact of remeasurement 105

157
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

As at March 31, 2022 1,826

Net block

As at March 31, 2021 4,340

As at March 31, 2022 4,622

The carrying amounts of lease liabilities (included under financial liabilities) and the
B
movements during the period:

( Rs. in
Particulars
Million)

As at April 01, 2020 8,033

Additions 452

Deletions -2,918

Accretion of interest 654

Payment -1,439

As at March 31, 2021 4,782

Additions 3,430

Deletions -2,408

Accretion of interest 444

Payment -1,061

Impact of remeasurement -105

As at March 31, 2022 5,082

Current and Non-current classification:

As at As at

March
31, March 31, 2021
2022

Current liability 995 885

Non-current liability 4,087 3,897

5,082 4,782

C The amounts recognised in the statement of profit and loss:

158
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Year
Particulars As at
ended

March
31, March 31, 2021
2022

Depreciation expense of right-of-use assets (refer note 27) 902 1,200

Interest expense on lease liabilities (refer note 26) 444 654

Gain on termination of Leases (refer note 23) 246 267

1,592 2,121

D Maturity analysis of lease liabilities - contractual undiscounted cash flows

Less than one year 1,567 1,076

One to five years 5,830 4,286

More than five years 564 1,177

7,961 6,539

D Other disclosures

i. Expenses relating to short-term leases have been disclosed under rent expenses in
note 28.

ii. The incremental borrowing rate of 9.5% p.a. has been applied to lease liabilities
recognised in the consolidated Balance sheet.

[612300] Notes - Transactions involving legal form of lease

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of arrangements involving legal form of lease [TextBlock]
Whether there are any arrangements involving legal form of lease No No

[612900] Notes - Insurance contracts

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of insurance contracts [TextBlock]
Whether there are any insurance contracts as per Ind AS 104 No No

159
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[613100] Notes - Effects of changes in foreign exchange rates

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of effect of changes in foreign exchange rates [TextBlock]
Whether there is any change in functional currency during the year No No
Description of presentation currency INR

[500100] Notes - Subclassification and notes on income and expenses

Miscellaneous other operating revenues [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Miscellaneous other operating revenues [Axis] 1
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues 1,374 673
Miscellaneous other operating revenues [Abstract]
Miscellaneous other operating revenues [LineItems]
Other operating Other operating
Description of miscellaneous other operating revenues income income
Miscellaneous other operating revenues 1,374 673

160
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Subclassification and notes on income and expense explanatory [TextBlock]
Disclosure of revenue from operations [Abstract]
Disclosure of revenue from operations for other than finance company
[Abstract]
Revenue from sale of products (A) 21,231 (B) 6,007
Revenue from sale of services (C) 34,444 (D) 18,789
Other operating revenues 1,374 673
Other operating revenues 1,374 673
Total revenue from operations other than finance company 57,049 25,469
Total revenue from operations 57,049 25,469
Disclosure of other operating revenues [Abstract]
Other operating revenues [Abstract]
Miscellaneous other operating revenues (E) 1,374 (F) 673
Total other operating revenues 1,374 673
Total other operating revenues 1,374 673
Miscellaneous other operating revenues [Abstract]
Miscellaneous other operating revenues (E) 1,374 (F) 673
Disclosure of other income [Abstract]
Interest income [Abstract]
Total interest income 0 0
Dividend income [Abstract]
Total dividend income 0 0
Other non-operating income [Abstract]
Miscellaneous other non-operating income (G) 4,149
1,290

Total other non-operating income 4,149 1,290

Total other income 4,149 1,290
Disclosure of finance cost [Abstract]
Interest expense [Abstract]
Other interest charges (H) 484
729

Total interest expense 484 729

Total finance costs 484 729
Employee benefit expense [Abstract]
Salaries and wages 11,454 8,304
Managerial remuneration [Abstract]
Remuneration to directors [Abstract]
Total remuneration to directors 0 0
Total managerial remuneration 0 0
Contribution to provident and other funds [Abstract]
Contribution to provident and other funds for others 152 151
Total contribution to provident and other funds 152 151
Staff welfare expense 345 159

Other employee related expenses (I) 5,134

2,239

Total employee benefit expense 17,085 10,853

Depreciation, depletion and amortisation expense [Abstract]
Depreciation expense 1,559 2,057
Amortisation expense 142 152
Total depreciation, depletion and amortisation expense 1,701 2,209
Breakup of other expenses [Abstract]
Consumption of stores and spare parts 312 141
Power and fuel 300 221
Rent 397 313
Repairs to building 0 0
Repairs to machinery 0 0
Insurance 650 325
Rates and taxes excluding taxes on income [Abstract]
Other cess taxes 423 245
Total rates and taxes excluding taxes on income 423 245
Telephone postage 3,301 2,212
Printing stationery 50 35
Travelling conveyance 380 310
Legal professional charges 473 244

161
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Directors sitting fees 0 0

Bank charges 22 24
Advertising promotional expenses 18,487 4,610
Cost repairs maintenance other assets 1,222 416
Loss on disposal of intangible Assets 0 0
Loss on disposal, discard, demolishment and destruction of
0 0
depreciable property plant and equipment
Payments to auditor [Abstract]
Payment for audit services 14 12
Total payments to auditor 14 12
CSR expenditure 0 0

Miscellaneous expenses (J) 27,763

12,794

Total other expenses 53,794 21,902

Footnotes
(A) Sale of food : 875 Sale of traded goods : 20356
(B) Sale of food : 833 Sale of traded goods : 5174
(C) Income from provision of platform services : 34444
(D) Income from provision of platform services : 18789
(E) Other operating income : 1374
(F) Other operating income : 673
(G) INTEREST INCOME
(H) Interest on borrowings 25 Interest on lease liabilities 444 Others (refer note 32) 15
(I) SHARES BASED PAYMENT EXPENSES
(J) Loss on order cancellation and others (refer note 28.a) 1,564 Outsourcing support cost (Refer note 28.b) 23,502 Payment gateway
expenses 937 Recruitment expenses 137 Loss on disposal / write off of property, plant and equipment 24 Advances/Deposits written
off 13 Allowances for doubtful debts 104 Miscellaneous expenses 87

[613200] Notes - Cash flow statement

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of cash flow statement [TextBlock]
Cash and cash equivalents cash flow statement 10,961 5,225 4,026
Cash and cash equivalents 10,961 5,225
Income taxes paid (refund), classified as operating activities 590 -47
Total income taxes paid (refund) 590 -47

162
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[500200] Notes - Additional information statement of profit and loss

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Additional information on profit and loss account explanatory [TextBlock]
Share of profit (loss) of associates accounted for using equity
-10 -53
method
Total share of profit (loss) of associates and joint ventures
-10 -53
accounted for using equity method
Changes in inventories of stock-in-trade -75 56
Total changes in inventories of finished goods, work-in-progress and
-75 56
stock-in-trade
Exceptional items before tax -1,732 -1,481
Total exceptional items -1,732 -1,481
Details of nature of exceptional items NA NA
Domestic sale traded goods 21,231 6,007
Total domestic turnover goods, gross 21,231 6,007

Total revenue from sale of products (A) 21,231 (B) 6,007

Domestic revenue services 34,444 18,789

Total revenue from sale of services (C) 34,444 (D) 18,789

Gross value of transaction with related parties (E) 1,874 (F) 284
Bad debts of related parties 0 0

Footnotes
(A) Sale of food : 875 Sale of traded goods : 20356
(B) Sale of food : 833 Sale of traded goods : 5174
(C) Income from provision of platform services : 34444
(D) Income from provision of platform services : 18789
(E) Short-term employee benefits : 80 Post-employment benefits : 4 Share-based payment : 1785 Salary and perquisites payable to
key managerial personnel: : 5
(F) Short-term employee benefits : 115 Post-employment benefits : 1 Share-based payment : 155 Salary and perquisites payable to
key managerial personnel: : 13

163
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[611200] Notes - Fair value measurement

Disclosure of fair value measurement of assets [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Recurring fair
value
Measurement [Axis] At fair value [Member]
measurement
[Member]
Classes of assets
Classes of assets [Axis] Classes of assets [Member]
[Member]
All levels of fair
Levels of fair value hierarchy [Axis] All levels of fair value hierarchy [Member] value hierarchy
[Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of fair value measurement of assets
[Abstract]
Disclosure of fair value measurement of assets
[Line items]
Assets 86,228 7,927 18,578 86,228
Refer to child
Nature of other assets Refer to child member Refer to child member
member
Description of valuation techniques used in Refer to child
Refer to child member Refer to child member
fair value measurement, assets member
Reconciliation of changes in fair value
measurement, assets [Abstract]
Changes in fair value measurement, assets
[Abstract]
Gains (losses) recognised in profit
or loss, fair value measurement, 78,301 -10,651 78,301
assets
Total increase (decrease) in fair value
78,301 -10,651 78,301
measurement, assets
Assets at end of period 86,228 7,927 18,578 86,228
Description of line items in profit or loss
Refer to child
where gains (losses) are recognised, fair Refer to child member Refer to child member
member
value measurement, assets
Description of line items in other
Refer to child
comprehensive income where gains (losses) are Refer to child member Refer to child member
member
recognised, fair value measurement, assets
Refer to child
Nature of other assets Refer to child member Refer to child member
member

164
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of fair value measurement of assets [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Measurement [Axis] Recurring fair value measurement [Member]
Classes of assets [Axis] Classes of assets [Member] Investment property [Member]
All levels of fair value hierarchy All levels of fair value hierarchy
Levels of fair value hierarchy [Axis]
[Member] [Member]
01/04/2020 01/04/2021 01/04/2020
to 31/03/2020 to to
31/03/2021 31/03/2022 31/03/2021
Disclosure of fair value measurement of assets
[Abstract]
Disclosure of fair value measurement of assets
[Line items]
Assets 7,927 18,578 86,228 7,927
Refer to child Refer to child
Nature of other assets Refer to child member
member member
Description of valuation techniques used in Refer to child Refer to child
Refer to child member
fair value measurement, assets member member
Reconciliation of changes in fair value
measurement, assets [Abstract]
Changes in fair value measurement, assets
[Abstract]
Gains (losses) recognised in profit
or loss, fair value measurement, -10,651 78,301 -10,651
assets
Total increase (decrease) in fair value
-10,651 78,301 -10,651
measurement, assets
Assets at end of period 7,927 18,578 86,228 7,927
Description of line items in profit or loss
Refer to child Refer to child
where gains (losses) are recognised, fair Refer to child member
member member
value measurement, assets
Description of line items in other
Refer to child Refer to child
comprehensive income where gains (losses) are Refer to child member
member member
recognised, fair value measurement, assets
Refer to child Refer to child
Nature of other assets Refer to child member
member member

165
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of fair value measurement of assets [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Measurement [Axis] Recurring fair value measurement [Member]
Classes of assets [Axis] Investment property [Member]
All levels of fair
Levels of fair value hierarchy [Axis] value hierarchy Level 1 of fair value hierarchy [Member]
[Member]
01/04/2021 01/04/2020
31/03/2020 to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of fair value measurement of assets
[Abstract]
Disclosure of fair value measurement of assets
[Line items]
Assets 18,578 86,228 7,927 11,947
Investments in liquid
Investments in liquid mutual
mutual fund units
Nature of other assets Investments in
fund units Investments in
NCD/Bonds
NCD/Bonds
Quoted prices (unadjusted)
Quoted prices (unadjusted)
Description of valuation techniques used in in active markets for
in active markets for
fair value measurement, assets identical assets or
identical assets or liabilities.
liabilities.
Reconciliation of changes in fair value
measurement, assets [Abstract]
Changes in fair value measurement, assets
[Abstract]
Gains (losses) recognised in profit
or loss, fair value measurement, 78,301 -4,020
assets
Total increase (decrease) in fair value
78,301 -4,020
measurement, assets
Assets at end of period 18,578 86,228 7,927 11,947
Description of line items in profit or loss Investments in liquid Investments in liquid mutual
mutual fund units fund units Investments in
where gains (losses) are recognised, fair Investments in fixed fixed maturity plan
value measurement, assets maturity plan securities securities
Description of line items in other Investments in liquid Investments in liquid mutual
mutual fund units fund units Investments in
comprehensive income where gains (losses) are Investments in fixed fixed maturity plan
recognised, fair value measurement, assets maturity plan securities securities
Investments in liquid
Investments in liquid mutual
mutual fund units
Nature of other assets Investments in
fund units Investments in
NCD/Bonds
NCD/Bonds

Disclosure of fair value measurement of assets [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Measurement [Axis] Recurring fair value measurement [Member]
Classes of assets [Axis] Investment property [Member]
Levels of fair value hierarchy [Axis] Level 2 of fair value hierarchy [Member]
01/04/2021 01/04/2020
to to 31/03/2020
31/03/2022 31/03/2021
Disclosure of fair value measurement of assets [Abstract]
Disclosure of fair value measurement of assets [Line items]
Assets 0 0 6,631
Nature of other assets NA NA
Description of valuation techniques used in fair value
NA NA
measurement, assets
Reconciliation of changes in fair value measurement, assets
[Abstract]
Changes in fair value measurement, assets [Abstract]
Gains (losses) recognised in profit or loss, fair value
0 -6,631
measurement, assets
Total increase (decrease) in fair value measurement, assets 0 -6,631
Assets at end of period 0 0 6,631
Description of line items in profit or loss where gains
NA NA
(losses) are recognised, fair value measurement, assets
Description of line items in other comprehensive income
where gains (losses) are recognised, fair value NA NA
measurement, assets
Nature of other assets NA NA

166
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of significant unobservable inputs used in fair value measurement of assets [Table] ..(1)
Unless otherwise specified, all monetary values are in Millions of INR
Recurring fair value measurement
Measurement [Axis] At fair value [Member]
[Member]
Classes of assets [Axis] Classes of assets [Member] Classes of assets [Member]
Valuation techniques used in fair value measurement [Axis] Valuation techniques [Member] Valuation techniques [Member]
Range [Axis] Ranges [Member] Ranges [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Refer to child Refer to child Refer to child Refer to child
Nature of other assets member member member member
Disclosure of significant unobservable inputs
used in fair value measurement of assets
[Abstract]
Disclosure of significant unobservable
inputs used in fair value measurement of
assets [Line items]
Refer to child Refer to child Refer to child Refer to child
Nature of other assets member member member member

Disclosure of significant unobservable inputs used in fair value measurement of assets [Table] ..(2)
Unless otherwise specified, all monetary values are in Millions of INR
Recurring fair value measurement
Measurement [Axis]
[Member]
Classes of assets [Axis] Investment property [Member]
Valuation techniques used in fair value measurement [Axis] Valuation techniques [Member]
Range [Axis] Ranges [Member]
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Refer to child Refer to child
Nature of other assets member member
Disclosure of significant unobservable inputs used in fair value measurement of assets
[Abstract]
Disclosure of significant unobservable inputs used in fair value measurement of
assets [Line items]
Refer to child Refer to child
Nature of other assets member member

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of fair value measurement [TextBlock]
Disclosure of fair value measurement of assets [TextBlock]
Whether assets have been measured at fair value Yes Yes
Disclosure of fair value measurement of liabilities [TextBlock]
Whether liabilities have been measured at fair value No No
Disclosure of fair value measurement of equity [TextBlock]
Whether equity have been measured at fair value No No
Disclosure of significant unobservable inputs used in fair value
measurement of assets [TextBlock]

[613300] Notes - Operating segments

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Textual information (18)
Disclosure of entity's operating segments [TextBlock] [See below]
Disclosure of reportable segments [TextBlock]
Whether there are any reportable segments No No
Disclosure of major customers [TextBlock]
Whether there are any major customers No No

167
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Textual information (18)

Disclosure of entity's operating segments [Text Block]

Segment reporting

The Group has identified

business segments as its
primary segment. Business
segments are primarily (i)
Market place services for food
ordering and delivery segment
which provides a single window
for ordering from a wide range
of restaurants and delivers the
same to the customers, (ii)
Private brands engaged in
preparing food in its own
kitchen and selling the food to
the end customers. (iii) B2B
business engaged in trading of
FMCG goods.

Transfer
pricing
between
operating
segments is
on arm's
length basis in
a manner
similar to
transactions
with third
parties.

A Segment results

Year ended March 31, 2022

(Rs. in
Million)

Inter
Market Private
Particulars B2B segment Total
place brands
adjustments

Revenue from operations 34,838 875 21,478 -142 57,049

Operating expenses - -653 -22,170 142 -22,681

Other expenses -65,065 -1,369 -6,146 - -72,580

Segment operating income -30,227 -1,147 -6,838 - -38,212

Unallocable income 4,149

Unallocable expenses

Finance costs -484

Loss before exceptional items

-34,547
and tax

168
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Exceptional items -1,732

Loss before share in net profit /

-36,279
(loss) of associate

Share in net loss of associate -10

Loss before tax -36,289

Tax expense -

Net loss for the year -36,289

Year ended March 31, 2021

(Rs. in
Million)

Inter
Market Private
Particulars B2B segment Total
place brands
adjustments

Revenue from operations 19,437 660 5,518 -146 25,469

Operating expenses - -525 -5,322 146 -5,701

Other expenses -27,231 -4,469 -3,264 - -34,964

Segment operating income -7,794 -4,334 -3,068 - -15,196

Unallocable income 1,290

Unallocable expenses

Finance costs -729

Loss before exceptional items

-14,635
and tax

Exceptional items -1,481

Loss before share in net profit /

-16,116
(loss) of associate

Share in net loss of associate -53

Loss before tax -16,169

Tax expense -

Net loss for the year -16,169

Segment assets and liabilities

( Rs. in
Million)

As at As at
March March

169
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Particulars 31, 31,

2022 2021

Market Private Market Private

Others Total Others Total
place brands place brands

Segment assets 12,457 2,443 14,639 29,539 7,432 3,324 2,293 13,049

Unallocable assets 1,14,518 16,102

Total 1,44,057 29,151

Segment liabilities 12,868 2,562 5,958 21,388 6,901 4,015 861 11,777

Unallocable liabilities - -

Total 21,388 11,777

[610700] Notes - Business combinations

Disclosure of reconciliation of changes in goodwill [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Business combinations [Axis] 1 2
Carrying amount, accumulated depreciation, amortisation and Gross carrying
Gross carrying amount [Member]
impairment and gross carrying amount [Axis] amount [Member]
01/04/2021 01/04/2020 01/04/2021
to to 31/03/2020 to
31/03/2022 31/03/2021 31/03/2022
Disclosure of reconciliation of changes in goodwill
[Abstract]
Disclosure of reconciliation of changes in
goodwill [Line items]
Supr Infotech
Scootsy Logistics Scootsy Logistics Private
Name of acquiree Private Limited Limited
Solutions Private
Limited
Reconciliation of changes in goodwill [Abstract]
Goodwill at end of period 0 0 0 0

Disclosure of reconciliation of changes in goodwill [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Business combinations [Axis] 2 3
Carrying amount, accumulated depreciation, amortisation and
Gross carrying amount [Member] Gross carrying amount [Member]
impairment and gross carrying amount [Axis]
01/04/2020 01/04/2021
to 31/03/2020 to 31/03/2021
31/03/2021 31/03/2022
Disclosure of reconciliation of changes in goodwill
[Abstract]
Disclosure of reconciliation of changes in
goodwill [Line items]
Supr Infotech Solutions Shandaar Foods Private
Name of acquiree Private Limited Limited
Reconciliation of changes in goodwill [Abstract]
Changes in goodwill [Abstract]
Additional recognition, goodwill 109
Total increase (decrease) in goodwill 109
Goodwill at end of period 0 0 109 0

170
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of detailed information about business combination [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Business combinations [Axis] 1 2
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of detailed information about business
combination [Abstract]
Disclosure of detailed information about
business combination [Line items]
Supr Infotech Supr Infotech
Scootsy Logistics Scootsy Logistics
Name of acquiree Private Limited Private Limited
Solutions Private Solutions Private
Limited Limited
Description of acquiree Indian subsidiary Indian subsidiary Indian subsidiary Indian subsidiary
Date of acquisition 03/08/2018 03/08/2018 27/09/2019 27/09/2019
Percentage of voting equity interests acquired 100.00% 100.00% 100.00% 100.00%
Acquisition-date fair value of total
consideration transferred [Abstract]
Total consideration transferred,
0 0 0 0
acquisition-date fair value
Amounts recognised as of acquisition date for
each major class of assets acquired and
liabilities assumed [Abstract]
Net identifiable assets acquired
0 0 0 0
(liabilities assumed)
Supr Infotech Supr Infotech
Scootsy Logistics Scootsy Logistics
Name of acquiree Private Limited Private Limited
Solutions Private Solutions Private
Limited Limited
Description of acquiree Indian subsidiary Indian subsidiary Indian subsidiary Indian subsidiary

Disclosure of detailed information about business combination [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Business combinations [Axis] 3
01/04/2021
to
31/03/2022
Disclosure of detailed information about business combination [Abstract]
Disclosure of detailed information about business combination [Line items]
Shandaar Foods
Name of acquiree Private Limited
Description of acquiree Indian subsidiary
Date of acquisition 02/11/2021
Percentage of voting equity interests acquired 0.00%
Acquisition-date fair value of total consideration transferred [Abstract]
Total consideration transferred, acquisition-date fair value 0
Amounts recognised as of acquisition date for each major class of assets acquired and liabilities
assumed [Abstract]
Net identifiable assets acquired (liabilities assumed) 0
Shandaar Foods
Name of acquiree Private Limited
Description of acquiree Indian subsidiary

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of business combinations [TextBlock]
Whether there is any business combination Yes Yes
Disclosure of detailed information about business combinations [TextBlock]
Disclosure of reconciliation of changes in goodwill [TextBlock]
Whether there is any goodwill arising out of business combination No No
Disclosure of transactions recognised separately from acquisition
of assets and assumption of liabilities in business combination
[TextBlock]
Disclosure of acquired receivables [TextBlock]
Whether there are any acquired receivables from business combination No No
Disclosure of contingent liabilities in business combination [TextBlock]
Whether there are any contingent liabilities in business combination No No

171
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

[611500] Notes - Interests in other entities

Disclosure of details of subsidiaries [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 1 2
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries [Line
items]
SUPR INFOTECH SUPR INFOTECH
SCOOTSY LOGISTICS SCOOTSY LOGISTICS
Name of subsidiary PRIVATE LIMITED PRIVATE LIMITED
SOLUTIONS PRIVATE SOLUTIONS PRIVATE
LIMITED LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary
Permanent account number of
subsidiary AAVCS1691R AAVCS1691R
company
CIN of subsidiary company U60200KA2014PTC144616 U60200KA2014PTC144616 U74999KA2016PTC144675 U74999KA2016PTC144675
Section under which company
Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii) Section 2(87)(ii)
became subsidiary
Whether subsidiary has filed
Yes Yes Yes Yes
balance sheet
SRN of filing of balance sheet
F54414826 T60999893 F39454665 T66697871
by subsidiary
Whether financial year of
subsidiary
different from financial year No No No No
of
holding company
Financial year of subsidiary
[Abstract]
Start date of accounting
period of 01/04/2021 01/04/2020 01/04/2021 01/04/2020
subsidiary
End date of accounting
period of 31/03/2022 31/03/2021 31/03/2022 31/03/2021
subsidiary
Percentage of shareholding in
100.00% 100.00% 100.00% 100.00%
subsidiary
Key information about
subsidiary [Abstract]
Reporting currency of
INR INR INR INR
subsidiary
Exchange rate as applicable
NA NA NA NA
for subsidiary
Share capital of subsidiary 72 72 10 100
Reserves and surplus of
-28,601 922 -6,308 -18,870
subsidiary
Total assets of subsidiary 151,453 3,060 933 8,940
Total liabilities of
179,982 2,066 7,231 27,710
subsidiary
Investment of subsidiary 0 0 0 0
Turnover of subsidiary 158,035 6,613 6,416 47,280
Profit before tax of
-29,535 -460 -4,911 -28,280
subsidiary
Provision for tax of
0 0 0 0
subsidiary
Profit after tax of subsidiary
-29,535 -460 -4,911 -28,280

Proposed dividend of
0 0 0 0
subsidiary
SUPR INFOTECH SUPR INFOTECH
SCOOTSY LOGISTICS SCOOTSY LOGISTICS
Name of subsidiary PRIVATE LIMITED PRIVATE LIMITED
SOLUTIONS PRIVATE SOLUTIONS PRIVATE
LIMITED LIMITED
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary

172
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Permanent account number of

subsidiary AAVCS1691R AAVCS1691R
company
CIN of subsidiary company U60200KA2014PTC144616 U60200KA2014PTC144616 U74999KA2016PTC144675 U74999KA2016PTC144675

Disclosure of associates [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Associates [Axis] 1
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of associates [Abstract]
Disclosure of associates [Line items]
MAVERIX
(A) MAVERIX PLATFORMS PLATFORMS
Name of associate entity PRIVATE LIMITED PRIVATE
LIMITED
Country of incorporation of associate INDIA INDIA
Permanent account number of associate entity AAJCM9743L AAJCM9743L
Latest audited balance sheet date 31/03/2022 31/03/2021
Whether associate has been considered in consolidation No Yes
The Company has disinvested
from Maverix Platforms Private
Limited, an Associate
Reason why associate is not consolidated Company, with effect from
December 26, 2021, by way of
sale of all instruments held by
the Company.
Proportion of ownership interest in associate 0.00% 19.24%
Proportion of voting rights held in associate 0.00% 19.24%
Amount of investment in associate 0 3,662.72
[shares]
Number of shares held of associate [shares] 0
15,90,821
Net worth attributable to shareholding as per latest audited balance sheet
522
associate
Profit (loss) for year associate -2,550
Profit (loss) for year associate considered in consolidation -530
Profit (loss) for year associate not considered in consolidation -2,020
Latest audited balance sheet date 31/03/2022 31/03/2021

Footnotes
(A) till December 26, 2021

173
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of interests in other entities [TextBlock]
Disclosure of interests in subsidiaries [TextBlock]
Disclosure of subsidiaries [TextBlock]
Whether company has subsidiary companies Yes Yes
Number of subsidiary companies [pure] 2 [pure] 2
Whether company has subsidiary companies which are yet to commence
No No
operations
Whether company has subsidiary companies liquidated or sold during
No No
year
Disclosure of interests in associates [TextBlock]
Disclosure of associates [TextBlock]
Whether company has invested in associates No Yes
Whether company has associates which are yet to commence operations No No
Whether company has associates liquidated or sold during year No No
Disclosure of interests in joint arrangements [TextBlock]
Disclosure of joint ventures [TextBlock]
Whether company has invested in joint ventures No No
Whether company has joint ventures which are yet to commence
No No
operations
Whether company has joint ventures liquidated or sold during year No No
Disclosure of interests in unconsolidated structured entities [TextBlock]
Disclosure of unconsolidated structured entities [TextBlock]
Whether there are unconsolidated structured entities No No
Disclosure of investment entities [TextBlock]
Disclosure of information about unconsolidated subsidiaries [TextBlock]
Whether there are unconsolidated subsidiaries No No
Disclosure of information about unconsolidated structured entities
controlled by investment entity [TextBlock]
Whether there are unconsolidated structured entities controlled by
No No
investment entity

[613400] Notes - Consolidated Financial Statements

Disclosure of details of subsidiaries [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 1 2
01/04/2021 01/04/2021
to to
31/03/2022 31/03/2022
Disclosure of details of subsidiaries [Abstract]
Disclosure of details of subsidiaries [LineItems]
SCOOTSY SUPR INFOTECH
LOGISTICS SOLUTIONS
Name of subsidiary consolidated PRIVATE PRIVATE
LIMITED LIMITED
Principal place of business of subsidiary consolidated INDIA INDIA
Country of incorporation or residence of subsidiary consolidated INDIA INDIA
Date of end of reporting period of financial statements of subsidiary
31/03/2022 31/03/2022
consolidated
Description of reason why using different reporting date or period for
NA NA
subsidiary consolidated
Proportion of ownership interest in subsidiary consolidated 100.00% 100.00%
Proportion of voting power held in subsidiary consolidated 100.00% 100.00%

174
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of details of entities consolidated [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Entities consolidated [Axis] 1 2
01/04/2021 01/04/2021
to to
31/03/2022 31/03/2022
Disclosure of additional information consolidated financial statements [Abstract]
Disclosure of additional information consolidated financial statements [Line items]
Supr Infotech
Scootsy Logistics
Name of entity consolidated Private Limited
Solutions Private
Limited
Type of entity consolidated Indian Subsidiary Indian Subsidiary
Amount of net assets of entity consolidated -3,200 -10,601
Net assets of entity as percentage of consolidated net assets -3.00% -9.00%
Amount of share in profit or loss of entity consolidated -2,954 -4,911
Share in profit or loss of entity as percentage of consolidated profit or loss 8.00% 14.00%
Amount of share in other comprehensive income consolidated -2,954 -4,903
Share in other comprehensive income consolidated 8.00% 14.00%
Amount of share in comprehensive income consolidated 0 0
Share in comprehensive income consolidated 0.00% 0.00%

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021
to
31/03/2022

Disclosure of notes on consolidated financial statements explanatory Refer to

[TextBlock] Significant accounting
policies
Whether consolidated financial statements is applicable on company Yes
Disclosure of details of subsidiaries [TextBlock]
Disclosure of additional information consolidated financial statements
[TextBlock]

[611400] Notes - Separate financial statements

Disclosure of subsidiaries [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Subsidiaries [Axis] 1 2
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of subsidiaries
[Abstract]
Disclosure of subsidiaries [Line
items]
SUPR INFOTECH SUPR INFOTECH
SCOOTSY LOGISTICS SCOOTSY LOGISTICS
Name of subsidiary PRIVATE LIMITED PRIVATE LIMITED
SOLUTIONS PRIVATE SOLUTIONS PRIVATE
LIMITED LIMITED
CIN of subsidiary company U60200KA2014PTC144616 U60200KA2014PTC144616 U74999KA2016PTC144675 U74999KA2016PTC144675
Permanent account number of
AAVCS1691R AAVCS1691R
subsidiary company
Country of incorporation or
residence of INDIA INDIA INDIA INDIA
subsidiary
Proportion of ownership
100.00% 100.00% 100.00% 100.00%
interest in subsidiary
Proportion of voting rights held
100.00% 100.00% 100.00% 100.00%
in subsidiary

175
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of associates [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Associates [Axis] 1
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of associates [Abstract]
Disclosure of associates [Line items]
MAVERIX
(A) MAVERIX
PLATFORMS
Name of associate entity PLATFORMS
PRIVATE
PRIVATE LIMITED
LIMITED
Permanent account number of associate entity AAJCM9743L AAJCM9743L
Country of incorporation of associate INDIA INDIA
Proportion of ownership interest in associate 0.00% 19.24%
Proportion of voting rights held in associate 0.00% 19.24%

Footnotes
(A) till December 26, 2021

[610800] Notes - Related party

Disclosure of transactions between related parties [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Entities with joint control or significant
Categories of related parties [Axis] Subsidiaries [Member]
influence over entity [Member]
Related party [Axis] 16 14
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
MIH India Food MIH India Food scootsy Logistics scootsy Logistics
Name of related party Holdings B.V. Holdings B.V. Private Limited Private Limited
Country of incorporation or residence of
NETHERLANDS NETHERLANDS INDIA INDIA
related party
Permanent account number of related party AAVCS1691R AAVCS1691R
Description of nature of transactions with As Per Related As Per Related Party As Per Related As Per Related Party
related party Party Transactions Transactions Party Transactions Transactions
Related parties
Related parties which
Description of nature of related party which have Wholly owned Wholly owned
have significant
relationship significant subsidiaries subsidiaries
influence
influence
Related party transactions [Abstract]
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

176
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of transactions between related parties [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Subsidiaries [Member] Associates [Member]
Related party [Axis] 18 15
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
SUPR INFOTECH SUPR INFOTECH (A) Maverix
Maverix Platforms
Name of related party SOLUTIONS PRIVATE SOLUTIONS PRIVATE Platforms Private
Private Limited
LIMITED LIMITED Limited
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
related party
Permanent account number of related party AAJCM9743L AAJCM9743L
CIN of related party U74999KA2016PTC144675 U74999KA2016PTC144675
Description of nature of transactions with As Per Related Party As Per Related Party As Per Related As Per Related
related party Transactions Transactions Party Transactions Party Transactions
Description of nature of related party Associate
Wholly owned subsidiaries Wholly owned subsidiaries Associate company
relationship company
Related party transactions [Abstract]
Other related party transactions
(B) 16 (C) 19
contribution made
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

Footnotes
(A) till December 26, 2021
(B) Capital infusion into the Company
(C) Capital infusion into the Company

177
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of transactions between related parties [Table] ..(3)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Key management personnel of entity or parent [Member]
Related party [Axis] 1 2
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Lakshmi Nandan Lakshmi Nandan
Name of related party Sriharsha Majety Sriharsha Majety
Reddy Obul Reddy Obul
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
related party
Permanent account number of related party BDHPS5275G BDHPS5275G AAQPO4616C AAQPO4616C
Description of nature of transactions with As Per Related As Per Related Party As Per Related As Per Related Party
related party Party Transactions Transactions Party Transactions Transactions
Description of nature of related party Key management Key management Key management Key management
relationship personnel personnel personnel personnel
Related party transactions [Abstract]
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

178
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of transactions between related parties [Table] ..(4)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Key management personnel of entity or parent [Member]
Related party [Axis] 3 4
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Name of related party Rahul Jaimini Rahul Jaimini Anand Daniel Anand Daniel
Country of incorporation or residence of
INDIA INDIA UNITED STATES UNITED STATES
related party
Permanent account number of related party AMYPJ1550G AMYPJ1550G
Description of nature of transactions with As Per Related As Per Related Party As Per Related As Per Related Party
related party Party Transactions Transactions Party Transactions Transactions
Description of nature of related party Key management Key management Key management Key management
relationship personnel personnel personnel personnel
Related party transactions [Abstract]
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

179
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of transactions between related parties [Table] ..(5)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Key management personnel of entity or parent [Member]
Related party [Axis] 5 6
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Name of related party Mukul Arora Mukul Arora Jayant Goel Jayant Goel
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
related party
Permanent account number of related party AFVPA9257M AFVPA9257M AADPG4914C AADPG4914C
Description of nature of transactions with As Per Related As Per Related Party As Per Related As Per Related Party
related party Party Transactions Transactions Party Transactions Transactions
Description of nature of related party Key management Key management Key management Key management
relationship personnel personnel personnel personnel
Related party transactions [Abstract]
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

180
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of transactions between related parties [Table] ..(6)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Key management personnel of entity or parent [Member]
Related party [Axis] 7 8
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Name of related party Daniel Joram Brody Daniel Joram Brody Ashutosh Sharma Ashutosh Sharma
Country of incorporation or residence of
HONG KONG HONG KONG INDIA INDIA
related party
Permanent account number of related party AUPPS7316A AUPPS7316A
Description of nature of transactions with As Per Related As Per Related Party As Per Related As Per Related Party
related party Party Transactions Transactions Party Transactions Transactions
Description of nature of related party Key management Key management Key management Key management
relationship personnel personnel personnel personnel
Related party transactions [Abstract]
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

181
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of transactions between related parties [Table] ..(7)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Key management personnel of entity or parent [Member]
Related party [Axis] 9 10
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Lawrence Charles Lawrence Charles
Name of related party Illg Illg
Rahul Bothra Rahul Bothra

Country of incorporation or residence of

UNITED STATES UNITED STATES INDIA INDIA
related party
Permanent account number of related party ADVPB3713D ADVPB3713D
Description of nature of transactions with As Per Related As Per Related Party As Per Related As Per Related Party
related party Party Transactions Transactions Party Transactions Transactions
Description of nature of related party Key management Key management Key management Key management
relationship personnel personnel personnel personnel
Related party transactions [Abstract]
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

182
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of transactions between related parties [Table] ..(8)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Key management personnel of entity or parent [Member]
Related party [Axis] 11 12
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Name of related party Sonal Bhandari Vishal Bhatia Vivek Sunder Vivek Sunder
Country of incorporation or residence of
INDIA INDIA INDIA INDIA
related party
Permanent account number of related party ANIPB4203H ADRPB0340E ANRPS0525L ANRPS0525L
Description of nature of transactions with As Per Related As Per Related Party As Per Related As Per Related Party
related party Party Transactions Transactions Party Transactions Transactions
Description of nature of related party Key management Key management Key management Key management
relationship personnel personnel personnel personnel
Related party transactions [Abstract]
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

183
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Disclosure of transactions between related parties [Table] ..(9)

Unless otherwise specified, all monetary values are in Millions of INR
Categories of related parties [Axis] Key management personnel of entity or parent [Member]
Related party [Axis] 13 17
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of transactions between related parties
[Abstract]
Disclosure of transactions between related
parties [Line items]
Name of related party Sumer Juneja Joseph Cherian Zhu Wenqian Zhu Wenqian
Country of incorporation or residence of
INDIA INDIA CHINA CHINA
related party
Permanent account number of related party AEIPJ9524L ADLPC1547Q
Description of nature of transactions with As Per Related As Per Related Party As Per Related As Per Related Party
related party Party Transactions Transactions Party Transactions Transactions
Description of nature of related party Key management Key management Key management Key management
relationship personnel personnel personnel personnel
Related party transactions [Abstract]
Other related party transactions
0 0 0 0
contribution received
Outstanding balances for related party
transactions [Abstract]
Amounts payable related party transactions 0 0 0 0
Amounts receivable related party transactions 0 0 0 0
Outstanding commitments made by entity,
0 0 0 0
related party transactions
Outstanding commitments made on behalf
0 0 0 0
of entity, related party transactions
Provisions for doubtful debts related to
outstanding balances of related party 0 0 0 0
transaction
Expense recognised during period for bad
and doubtful debts for related party 0 0 0 0
transaction

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Textual information (19)
Disclosure of related party [TextBlock] [See below]
Whether there are any related party transactions during year Yes Yes
Disclosure of transactions between related parties [TextBlock]
Whether entity applies exemption in Ind AS 24.25 No No
Whether company is subsidiary company No No

184
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Textual information (19)

Disclosure of related party [Text Block]

Related party transactions

i. Related parties where control exists:

Wholly owned subsidiaries

Scootsy Logistics Private Limited

("Scootsy")

Supr Infotech Solutions Private Limited

("SuprDaily")

Associate company

Maverix Platforms Private Limited

("Maverix") - till December 26, 2021

Related party which have significant

ii.
influence

MIH India Food Holdings B.V.(Naspers)

iii. Related parties under Ind AS 24:

Key management personnel

Date of appointment
Name Designation Date of
resignation

Director and
Sriharsha Majety Chief Executive Dec 26, 2013
Officer

Lakshmi Nandan Reddy Obul Director Dec 26, 2013

Nov
Rahul Jaimini Nominee Director Jan 30, 2015 18,
2021

Anand Daniel Nominee Director Jul 10, 2015

Oct
Mukul Arora Nominee Director Oct 21, 2015 21,
2021

Oct
Jayant Goel Nominee Director Dec 29, 2015 21,
2021

Ashutosh Sharma Nominee Director Jun 21, 2017

Lawrence Charles Illg Nominee Director Mar 21, 2019

185
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Nov
Daniel Joram Brody Nominee Director May 08, 2020 15,
2021

Oct
Zhu Wenqian Nominee Director May 20, 2020 29,
2021

Chief Financial
Rahul Bothra Sep 1, 2017
Officer

Sep
Chief Operating
Vivek Sunder Jul 02, 2018 30,
Officer
2021

Sumer Juneja Nominee Director Jul 28, 2021

Company
Sonal Bhandari Jan 03, 2022
Secretary

Details of transactions with the related

iv.
parties:

Year Year
Particulars
ended ended

March
31, March 31, 2021
2022

a. Transactions with associate

Capital infusion into the Company

Maverix 16 19

16 19

Transactions with key managerial

b.
personnel:

(i) Remuneration to key management

personnel

Short-term employee benefits 80 115

Post-employment benefits 4 1

Share-based payment 1,785 155

1,869 271

(ii) Issue and allotment of bonus CCPS

1,19,297 -
shares to key managerial personnel

1,19,297 -

186
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Details of balance receivable from and

v.
payable to related parties are as follows:

Particulars As at As at

March
31, March 31, 2021
2022

Salary and perquisites payable to key

a. 5 13
managerial personnel:

5 13

All the above related party transactions

are carried at arm's length price.

[611700] Notes - Other provisions, contingent liabilities and contingent assets

Disclosure of contingent liabilities [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Contingent liability on disputed income
Classes of contingent liabilities [Axis] Other contingent liabilities [Member]
tax [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [Line items]
Description of nature of obligation, contingent Refer to child Refer to child Income Tax
Income Tax demands
liabilities member member demands
Estimated financial effect of contingent
57 56 16 16
liabilities

Disclosure of contingent liabilities [Table] ..(2)

Unless otherwise specified, all monetary values are in Millions of INR
Contingent liability on disputed service Other contingent liabilities, others
Classes of contingent liabilities [Axis]
tax demands [Member] [Member]
01/04/2021 01/04/2020 01/04/2021 01/04/2020
to to to to
31/03/2022 31/03/2021 31/03/2022 31/03/2021
Disclosure of contingent liabilities [Abstract]
Disclosure of contingent liabilities [Line items]
Description of nature of obligation, contingent Service tax Legal claim Legal claim
Service tax demands
liabilities demands contingencies contingencies
Estimated financial effect of contingent
14 14 27 26
liabilities

187
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of other provisions, contingent liabilities and contingent assets Textual information (20)
[TextBlock] [See below]
Disclosure of contingent liabilities [TextBlock]
Whether there are any contingent liabilities Yes Yes
Claims against the Group Claims against the Group
not acknowledged as not acknowledged as
debts: Service tax debts: Service tax
demands (refer note (i) demands (refer note (i)
Description of other contingent liabilities others below) Legal claim below) Legal claim
contingencies (refer contingencies (refer
note (ii) below) Income note (ii) below) Income
Tax demands (refer note Tax demands (refer note
(iii) below) (iii) below)

188
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Textual information (20)

Disclosure of other provisions, contingent liabilities and contingent assets [Text Block]

Commitments and contingencies

(a) Commitments

Estimated amount of contracts remaining to be executed on capital account and not

(i)
provided for:

As at March 31, 2022, the Group had commitment of Rs. 215 Million (March 31, 2021: Rs.
14 Million) towards the procurement of property, plant and equipments.

( Rs.
(b) Contingent liabilities in
Million)

As
As at
at

March
31, March 31, 2021
2022

Claims against the Group not acknowledged as debts:

Service tax demands (refer note (i) below) 14 14

Legal claim contingencies (refer note (ii) below) 27 26

Income Tax demands (refer note (iii) below) 16 16

57 56

(i) The Group has received demand notice towards the CENVAT credit input availed with
respect to exempted income and others, under the provisions of the Finance Act, 1994
pertaining to the period September 2015 - June 2017. The notice is disputed by the
management and the Group has filed a response against this notice. The Management is
of the view that the service tax is exempt on the matters discussed in the notice and there
was no related CENVAT pertaining to exempted income, and is confident that the demands
raised by the Assessing Officers are not tenable under law. Pending the outcome of the
aforesaid matter under litigation, no provision has been made in the books to account for
these tax demands. No reimbursements are expected against the aforesaid claims.

(ii) Majorly consists of customer claims through consumer forum relating to quality of
service etc. these demands are disputed by the company, and matters are presently under
arbitration with the consumer forum and other arbitral tribunal. The Group has been
advised by its legal counsel that it is only possible, but not probable, that the action will
succeed. Accordingly, no provision for any liability has been made in these financial
statements. The trial on these cases are on-going and therefore it is not practicable to state
the timing of the payment, if any. No reimbursements are expected against the aforesaid
claims. Other pending cases in which the Group has been made a party are not material in
the nature.

(iii) In the year ended March 31, 2020, one of the subsidiaries of the Group had received an
income tax order for the assessment year 2017-18 in respect of disallowances of certain
expenses and transactions, the order demanding Rs. 16 Million has been raised by the
authorities which have been challenged by the management and have paid an amount of
Rs. 1 Million under protest. Based on the management internal assessment supported by
external legal counsel views believes the expenditures are deductible and is confident that

189
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

the demands raised by the Assessing Officers are not tenable under the Income Tax Act,
1961. Pending outcome of the aforesaid matters under litigation, no provision has been
made in the books of account towards these tax demands.

[610500] Notes - Events after reporting period

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of events after reporting period [TextBlock]
Disclosure of non-adjusting events after reporting period [TextBlock]
Whether there are non adjusting events after reporting period No No

[612500] Notes - Share-based payment arrangements

Disclosure of terms and conditions of share-based payment arrangement [Table] ..(1)

Unless otherwise specified, all monetary values are in Millions of INR
Types of share-based payment arrangements [Axis] 1
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of terms and conditions of share-based payment arrangement [Abstract]
Disclosure of terms and conditions of share-based payment arrangement [Line items]
Employee Stock
Employee Stock
Description of share-based payment arrangement Option Plan
Option Plan (ESOP)
(ESOP)

Unless otherwise specified, all monetary values are in Millions of INR

01/04/2021 01/04/2020
to to 31/03/2020
31/03/2022 31/03/2021
Textual information (21)
Disclosure of share-based payment arrangements [TextBlock] [See below]
Whether there are any share based payment arrangement Yes Yes
Disclosure of terms and conditions of share-based payment arrangement
[TextBlock]
Disclosure of terms and conditions of share-based payment arrangement
[Abstract]
Disclosure of number and weighted average exercise prices of share options
[TextBlock]
Number of share options outstanding in share based payment arrangement
[Abstract]
Number of share options granted in share-based payment arrangement [pure] 27,995 [pure] 11,291

Number of share options forfeited in share-based payment arrangement (A) [pure] [pure] -6,416
-10,869
Number of share options exercised in share-based payment arrangement [pure] -4,955 [pure] -2,656
Number of share options expired in share-based payment arrangement [pure] 0 [pure] 0
Total changes of number of share options outstanding in share based
[pure] 12,171 [pure] 2,219
payment arrangement
Number of share options outstanding in share-based payment
[pure] 68,897 [pure] 56,726 [pure] 54,507
arrangement at end of period
Number of share options exercisable in share-based payment arrangement [pure] 34,276 [pure] 26,963

Footnotes
(A) Forfeited, expired and surrendered (10,869)

190
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Textual information (21)

Disclosure of share-based payment arrangements [Text Block]

Employee Stock Option Plan (ESOP)

The Group has granted stock options under the

employee stock option scheme- Bundl ESOP 2015
plan respectively, as approved by the Board of
Directors and shareholders in the Annual General
Meeting of the company, to the eligible employees of
the Group. These options would vest generally over 4
years from the date of grant based on the vesting
conditions as per letter of grant executed between the
Group and the employee of the Group. Option vested
can be executed at the time of liquidity event as per
the provisions outlined in the Bundl ESOP plan 2015.
Each option when exercised would be converted into
fourteen hundred and one fully paid-up equity share of
INR 1 each of the Group but not exceeding
10,46,23,878* (March 31, 2021: 9,05,50,833) equity
shares (after adjusting for the bonus issue).

The Bundl ESOP Plan 2021 has been approved by

the Board of Directors of the Group at their meeting
held on August 06, 2021 and the shareholders of the
Group by way of Ordinary resolution passed at their
Extra Ordinary General meeting held on August 10,
2021 for granting of aggregate 25,370 options which
were increased to 30,370 options vide Extraordinary
General meeting held on January 03, 2022. The
scheme shall be in force until such time all the Options
are granted and Exercised by the eligible employees
in accordance with the scheme. Option vested can be
executed at the time of liquidity event as per the
provisions outlined in the Bundl ESOP plan 2021.
Each option when exercised would be converted into
fourteen hundred and one fully paid-up equity share of
INR 1 each of the Group but not exceeding
4,25,48,370* equity shares (after adjusting for the
bonus issue).

*During the year , the Group has issued bonus shares

in the ratio of 1400:1 to all the existing shareholders
whose names appear in the register of members of
the Company as on Dec 31, 2021. Hence each option
granted under the above schemes would be eligible
for 1,401 equity shares. Also for the options granted
on or after the bonus issues exercise price has been
fixed as Rs. 1,401/-.

The following table summarises the movement in

stock option granted and weighted average exercise
price (WAEP) during the year:

Bundl ESOP 2015 Plan

As at As at

March
March 31, 2022 31,
2021

Outstanding at the beginning of the year 56,726 54,507

191
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Granted 27,995 11,291

Exercised -4,955 -2,656

Forfeited, expired and surrendered -10,869 -6,416

Outstanding at the end of the year 68,897 56,726

Exercisable at the end of the year 34,276 26,963

The aforesaid Bundl ESOP 2015 plan carries a

weighted average price of INR 1, for all of the above
category for all the years

Bundl ESOP 2021 Plan

As at As at

March
March 31, 2022 31,
2021

Outstanding at the beginning of the year - -

Granted 19,955 -

Exercised - -

Forfeited, expired and surrendered -823 -

Outstanding at the end of the year 19,132 -

Exercisable at the end of the year - -

Details of weighted average remaining contractual life

and range of exercise prices for the options
outstanding at the reporting date:

No of
Range
equity Remaining
No of of
Particulars shares life
options exercise
arising out (years)*
price
of options

March 31, 2022

Bundl ESOP 2015 Plan 68,897 9,65,24,697 1-1401 83

Bundl ESOP 2021 Plan 19,132 2,68,03,932 1-1401 83

March 31, 2021

Bundl ESOP 2015 Plan 56,726 56,726 1 83

192
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

*Weighted average remaining contractual life in years.

The Group has used Black Scholes Option Pricing

Model. The following table list the inputs to the models
used for Bundl ESOP 2015 plan & Bundl ESOP 2021
plan:

Year
ended
March
31, 2022

Jan 01, Oct 01, July 01, Apr 01,

Particulars
2022 to 2021 to 2021 to 2021 to

Dec Sep June

Mar 31, 2022 31, 30, 30,
2021 2021 2021

Risk free interest rate 5.95% 5.62% 5.66% 5.47%

Expected life of options granted 5.01 5.01 4.73 4.48

Expected volatility (weighted average) 43.82% 39.33% 39.21% 39.23%

Dividend Yield (%) - - - -

Fair value of the option 2,32,566 2,32,563 2,23,905 2,11,741

Exercise price 1,401 1 1 1

Year
ended
March
31, 2021

Aug 03, Apr 01,

Particulars
2020 to 2020 to

Aug
Mar 31, 2021 02,
2020

Risk free interest rate 5% 6%

Expected life of options granted 5 4

Expected volatility (weighted average) 49% 48%

Dividend Yield (%) - -

Fair value of the option 1,94,170 1,94,170

Exercise price 1 1

The expected life of stock options is based on

193
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

historical data and current expectations and is not

necessarily indicative of exercise patterns that may
occur. The expected volatility reflects assumption that
the historical volatility over a period similar to the life of
the options is indicative of future trends, which may
also not necessarily be the actual outcome.

During the year ended March 31, 2022, the Group has
launched Swiggy Liquidity Program (“SLP”
or"Program") to provide liquidity to its eligible
employees subject to certain conditions. As per the
program the liquidity is being carried out in two rounds
i.e, during July, 22 and July, 23. Liquidity price would
be fair market value (FMV) at the time of liquidity,
facilitated by the Group preferably through a
secondary market sale or internal company financed
liquidity event. The liquidity event was considered as a
modification, considering appropriate assumptions and
the fair value on the date of modification of Rs.1,596
Mn is recognized as financial liability with a
corresponding adjustment to equity. Subsequent to
the Balance Sheet date, the Group has facilitated the
first round of liquidity i.e during July, 2022 for the
eligible employees, accordingly a cost of Rs. 48 Million
at the FMV as on March 31, 2022 for 3,363 options
pertaining to first round of liquidity scheme and Rs.
227 Mn for 5,725 options pertaining to second round
of liquidity scheme has been recorded in the financial
statements for the year ended March 31, 2022.

[613000] Notes - Earnings per share

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Textual information (22)
Disclosure of earnings per share [TextBlock] [See below]
Basic earnings per share [Abstract]
Basic earnings (loss) per share from continuing operations [INR/shares] -221 [INR/shares] -99
Total basic earnings (loss) per share [INR/shares] -221 [INR/shares] -99
Diluted earnings per share [Abstract]
Diluted earnings (loss) per share from continuing operations [INR/shares] -221 [INR/shares] -99
Total diluted earnings (loss) per share [INR/shares] -221 [INR/shares] -99
Profit (loss), attributable to ordinary equity holders of parent entity
[Abstract]
Profit (loss) from continuing operations attributable to ordinary
-36,289 -16,169
equity holders of parent entity
Profit (loss), attributable to ordinary equity holders of parent entity -36,289 -16,169
Profit (loss) from continuing operations attributable to
ordinary equity holders of parent entity including dilutive -36,289 -16,169
effects
Profit (loss), attributable to ordinary equity holders of parent
-36,289 -16,169
entity including dilutive effects
Weighted average shares and adjusted weighted average shares [Abstract]
Weighted average number of ordinary shares outstanding [shares] 16,44,23,067 [shares] 16,40,92,740

194
BUNDL TECHNOLOGIES PRIVATE LIMITED Consolidated Financial Statements for period 01/04/2021 to 31/03/2022

Textual information (22)

Disclosure of earnings per share [Text Block]

Loss per share

The following reflects the income and share data used in the basic and
diluted loss per share (EPS) computations:

Particulars Year ended Year ended

March
March 31, 2022 31,
2021

Nominal value per equity share ( Rs. ) 1 1

Loss attributable to equity shareholders (Rs. in Million) -36,289 -16,169

Weighted average number of equity shares for basic EPS (No.) 16,44,23,067 16,40,92,740

Loss per share ( Rs. ) -221 -99

Note: ESOPs outstanding as at March 31, 2022 and March 31, 2021 are
anti-dilutive in nature and accordingly have not been considered for the
purpose of Dilutive EPS.

[610900] Notes - First time adoption

Unless otherwise specified, all monetary values are in Millions of INR
01/04/2021 01/04/2020
to to
31/03/2022 31/03/2021
Disclosure of first-time adoption [TextBlock]
Whether company has adopted Ind AS first time No No

195