Employee benefits (Tables)
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12 Months Ended |
Mar. 31, 2026 |
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| Statement [LineItem] |
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| Summary of Employee Costs |
a)Employee costs includes
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Year ended March 31, |
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2024 |
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2025 |
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2026 |
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Salaries and bonus |
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₹ |
524,484 |
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₹ |
507,629 |
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₹ |
525,825 |
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Contribution to provident and other funds |
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19,227 |
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20,306 |
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25,565 |
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Share-based compensation(1) |
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5,590 |
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5,542 |
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4,465 |
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₹ |
549,301 |
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₹ |
533,477 |
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₹ |
555,855 |
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(1)Includes ₹ 6, ₹ (9) and ₹ Nil for the years ended March 31, 2024, 2025 and 2026, respectively, towards cash settled ADSs and RSUs. The employee benefit cost is recognized in the following line items in the consolidated statement of income:
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Year ended March 31, |
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2024 |
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2025 |
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2026 |
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Cost of revenues |
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₹ |
459,466 |
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₹ |
452,800 |
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₹ |
480,122 |
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Selling and marketing expenses |
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51,224 |
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47,788 |
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43,060 |
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General and administrative expenses |
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38,611 |
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32,889 |
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32,673 |
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₹ |
549,301 |
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₹ |
533,477 |
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₹ |
555,855 |
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| Summary of Defined Benefit Plan Actuarial (Gains) Losses Recognized in Other Comprehensive Income |
Defined benefit plan actuarial (gains)/losses recognized in other comprehensive income include:
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Year ended March 31, |
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2024 |
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2025 |
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2026 |
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Return on plan assets excluding interest income - loss/(gain) |
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₹ |
(675 |
) |
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₹ |
(416 |
) |
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₹ |
384 |
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Actuarial loss/(gain) arising from financial assumptions |
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373 |
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146 |
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730 |
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Actuarial loss/(gain) arising from demographic assumptions |
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98 |
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(115 |
) |
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28 |
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Actuarial loss/(gain) arising from experience adjustments |
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82 |
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(12 |
) |
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(1,290 |
) |
Change in the effect of asset ceiling - loss/(gain) |
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(71 |
) |
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74 |
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6 |
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(Gain)/loss on re-measurement of defined benefit plans, net |
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₹ |
(193 |
) |
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₹ |
(323 |
) |
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₹ |
(142 |
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Deferred tax (asset)/liability thereon |
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111 |
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49 |
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10 |
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(Gain)/loss on re-measurement of defined benefit plans, net of deferred taxes |
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₹ |
(82 |
) |
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₹ |
(274 |
) |
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₹ |
(132 |
) |
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| Summary of Defined Benefit Plans |
Amount recognized in the consolidated statement of income in respect of defined benefit plans is as follows:
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Year ended March 31, |
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2024 |
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2025 |
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2026 |
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Current service cost |
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₹ |
2,993 |
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₹ |
3,205 |
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₹ |
3,795 |
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Past service cost |
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- |
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- |
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3,566 |
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Net interest expense on net defined benefit liability |
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45 |
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95 |
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268 |
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Net charge to consolidated statement of income |
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₹ |
3,038 |
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₹ |
3,300 |
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₹ |
7,629 |
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Actual return on plan assets |
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₹ |
1,828 |
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₹ |
1,646 |
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₹ |
879 |
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| Summary of Change in Present Value of Defined Obligation and Plan Assets |
Change in present value of defined benefit obligation is summarized below:
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As at March 31, |
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2025 |
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2026 |
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Defined benefit obligation at the beginning of the year |
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₹ |
21,516 |
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₹ |
24,188 |
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Addition through Business combination |
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- |
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1,311 |
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Current service cost |
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3,205 |
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3,795 |
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Past service cost |
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- |
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3,566 |
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Interest expense on obligation |
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1,308 |
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1,506 |
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Benefits paid |
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(2,627 |
) |
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(2,631 |
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Contributions from plan participants and due to transfer |
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558 |
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87 |
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Remeasurement loss/(gain) |
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Actuarial loss/(gain) arising from financial assumptions |
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146 |
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730 |
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Actuarial loss/(gain) arising from demographic assumptions |
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(115 |
) |
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28 |
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Actuarial loss/(gain) arising from experience adjustments |
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(12 |
) |
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(1,290 |
) |
Translation adjustment |
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209 |
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1,291 |
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Defined benefit obligation at the end of the year |
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₹ |
24,188 |
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₹ |
32,581 |
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Change in plan assets is summarized below:
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As at March 31, |
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2025 |
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2026 |
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Fair value of plan assets at the beginning of the year |
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₹ |
20,022 |
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₹ |
22,231 |
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Addition through Business combination |
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- |
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211 |
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Expected return on plan assets |
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1,230 |
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1,263 |
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Employer contributions |
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141 |
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5,417 |
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Benefits paid |
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(313 |
) |
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(188 |
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Contributions from plan participants and due to transfer |
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558 |
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87 |
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Remeasurement (loss)/gain |
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Return on plan assets excluding interest income - (loss)/gain |
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416 |
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(384 |
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Translation adjustment |
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177 |
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1,200 |
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Fair value of plan assets at the end of the year |
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₹ |
22,231 |
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₹ |
29,837 |
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As at March 31, |
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2025 |
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2026 |
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Defined benefit obligation |
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₹ |
24,188 |
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₹ |
32,581 |
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Fair value of plan assets |
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22,231 |
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29,837 |
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Present value of unfunded obligation |
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₹ |
(1,957 |
) |
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₹ |
(2,744 |
) |
Change in the effect of asset ceiling |
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(545 |
) |
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(678 |
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Recognized liability |
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₹ |
(2,502 |
) |
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₹ |
(3,422 |
) |
Change in effect of asset ceiling is summarized below:
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As at March 31, |
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2025 |
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2026 |
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Effect of asset ceiling at the beginning of the year |
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₹ |
442 |
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₹ |
545 |
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Interest expense on effect of asset ceiling |
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17 |
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25 |
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Changes in the effect of limiting the surplus to the asset ceiling |
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74 |
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6 |
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Translation adjustment |
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12 |
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102 |
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Effect of asset ceiling at the end of the year |
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₹ |
545 |
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₹ |
678 |
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| Summary of Principal Assumptions Used for Purpose of Actuarial Valuation of Defined Benefit Plans |
The principal assumptions used for the purpose of actuarial valuation of these defined benefit plans are as follows:
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As at March 31, |
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2025 |
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2026 |
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Discount rate |
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5.75 |
% |
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5.70 |
% |
Expected return on plan assets |
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5.75 |
% |
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5.70 |
% |
Expected rate of salary increase |
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6.40 |
% |
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6.44 |
% |
Weighted average duration of defined benefit obligations |
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7.03 years |
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6.53 years |
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| Summary of Expected Future Contribution and Estimated Future Benefit Payments |
Expected future contribution and estimated future benefit payments from the fund are as follows:
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For the year ended March 31, 2025 |
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Expected contribution to the fund during the year ending March 31, 2026 |
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₹ |
3,545 |
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Estimated benefit payments from the fund for the year ending March 31: |
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2026 |
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₹ |
3,565 |
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2027 |
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3,218 |
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2028 |
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2,953 |
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2029 |
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2,736 |
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2030 |
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2,412 |
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Thereafter |
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17,692 |
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Total |
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₹ |
32,576 |
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For the year ended March 31, 2026 |
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Expected contribution to the fund during the year ending March 31, 2027 |
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₹ |
3,515 |
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Estimated benefit payments from the fund for the year ending March 31: |
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2027 |
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₹ |
5,493 |
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2028 |
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4,518 |
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2029 |
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4,134 |
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2030 |
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3,748 |
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2031 |
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3,493 |
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Thereafter |
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21,690 |
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Total |
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₹ |
43,076 |
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| Summary of Fund and Plan Assets of Provident Fund |
The details of fund and plan assets are given below:
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As at March 31, |
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2025 |
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2026 |
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Fair value of plan assets |
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₹ |
121,067 |
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₹ |
133,417 |
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Present value of defined benefit obligation |
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(121,067 |
) |
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(133,417 |
) |
Net shortfall |
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₹ |
- |
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₹ |
- |
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| Provident fund [member] |
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| Statement [LineItem] |
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| Summary of Principal Assumptions Used for Purpose of Actuarial Valuation of Defined Benefit Plans |
The principal assumptions used in determining the present value obligation of interest guarantee under the deterministic approach are as follows:
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As at March 31, |
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2025 |
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2026 |
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Discount rate for the term of the obligation |
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6.55 |
% |
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6.50 |
% |
Weighted average remaining tenure of investment portfolio |
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6.71 years |
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13.81 years |
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Guaranteed rate of return |
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8.25 |
% |
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8.25 |
% |
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