45.Fair value measurement hierarchy The Group categorises assets and liabilities measured at fair value into one of three levels depending on the ability to observe inputs employed in their measurement which are described as follows: •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 at fair value 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. There were no changes in the Group’s valuation processes, valuation techniques, and types of inputs used in the fair value measurements during the year. There were no material transfers between Level 1 and Level 2 fair value measurements, and no material transfers into or out of Level 3 fair value measurements during the years ended March 31, 2025 and 2024. There were no changes in the Group’s valuation processes, valuation techniques, and types of inputs used in the fair value measurements during the year. The following table provides the fair value measurement hierarchy of the assets and liabilities of the Group:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As at March 31, 2024 |
|
|
As at March 31, 2025 |
|
|
As at March 31, 2025 |
|
Particulars |
Level |
|
Carrying value |
|
|
Fair value |
|
|
Carrying value |
|
|
Fair value |
|
|
Carrying value |
|
|
Fair value |
|
|
|
|
(INR) |
|
|
(INR) |
|
|
(INR) |
|
|
(INR) |
|
|
(USD) |
|
|
(USD) |
|
Financial assets designated as a hedge instrument at fair value |
|
|
|
|
|
|
|
|
|
|
Derivative instruments - hedge
instruments |
Level 2 |
|
|
3,566 |
|
|
|
3,566 |
|
|
|
7,398 |
|
|
|
7,398 |
|
|
|
87 |
|
|
|
87 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets at fair value through profit or loss |
|
|
|
|
|
|
|
|
|
|
Investments |
Level 2 |
|
|
2,325 |
|
|
|
2,325 |
|
|
|
1,342 |
|
|
|
1,342 |
|
|
|
16 |
|
|
|
16 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities at fair value |
|
|
|
|
|
|
|
|
|
|
Liability for put options with non-controlling interests |
Level 2 |
|
|
5,935 |
|
|
|
5,935 |
|
|
|
6,370 |
|
|
|
6,370 |
|
|
|
75 |
|
|
|
75 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities designated as a hedge instrument at fair value |
|
|
|
|
|
|
|
|
|
|
Derivative instruments - hedge instruments |
Level 2 |
|
|
546 |
|
|
|
546 |
|
|
|
857 |
|
|
|
857 |
|
|
|
10 |
|
|
|
10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities at fair value through profit or loss |
|
|
|
|
|
|
|
|
|
|
Derivative instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- public share warrants |
Level 1 |
|
|
558 |
|
|
|
558 |
|
|
|
156 |
|
|
|
156 |
|
|
|
2 |
|
|
|
2 |
|
- private share warrants |
Level 2 |
|
|
214 |
|
|
|
214 |
|
|
|
34 |
|
|
|
34 |
|
|
|
0 |
|
|
|
0 |
|
Set out below are the fair value hierarchy, valuation techniques and inputs used as at March 31, 2025 and 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Particulars |
Level |
|
Valuation technique |
|
Inputs used |
Financial assets designated as a hedge instrument at fair value |
|
Derivative instruments - hedge instruments |
Level 2 |
|
Market value techniques |
Forward foreign currency exchange rates, interest rates to discount future cash flows |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets at fair value |
|
|
|
|
|
|
|
|
Investments |
Level 2 |
|
Market value techniques |
Market value of investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities at fair value |
|
Liability for put options with non-controlling interests |
Level 2 |
|
Market value techniques |
Volume Weight Average Price of the Company shares over 30 trading days |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities at fair value through profit or loss |
|
Derivative instruments |
|
|
|
|
- public share warrants |
Level 1 |
|
Market value techniques |
Market value of warrants |
- private share warrants |
Level 2 |
|
Black Scholes method |
Interest rates to discount future cash flows, share price and public share warrant price |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities designated as a hedge instrument at fair value |
|
Derivative instruments - hedge instruments |
Level 2 |
|
Market value techniques |
Forward foreign currency exchange rates, interest rates to discount future cash flows |
|