The CEO of the Company takes decisions in respect of allocation of resources and assesses the performance basis the reports / information provided by functional heads and is thus considered to be the Chief Operating Decision Maker (CODM). The Group discloses segment information in a manner consistent with internal reporting to the CEO. The Group has identified segments based on type of business operations

Till the year ended 31 March 2025, the Group reported Operating Segments, viz. wind power, solar power, hydro power, transmission line and manufacturing of power equipment. The Group has revised its structure of its internal organisation during the year ended March 31, 2026 and consolidated the reporting of wind, solar and hydro power operations into a single unit 'Generation and sale of renewable power'. Also, during the year ended March 31, 2026 , following the disposal of two of its transmission line projects, the CODM no longer reviews performances of its transmission line operations separately. The transmission line projects also do not meet the quantitative thresholds prescribed under IFRS 8. The segment information presented below is after considering the aforementioned changes and reflects the current internal reporting to the CODM.

The reportable segments of Group under IFRS 8 - Operating segments, are (a) Generation and sale of renewable power; b) Manufacturing of power equipment's which predominantly relates to manufacturing of solar panels and modules. No operating segments have been aggregated to form the above reportable operating segments. The non-reportable segments pertain to (a) transmission line projects, which primarily involves construction and operation of power transmission lines, (b) software solutions mainly around optimisation , analytics, engineering and technical services for renewable energy assets and (c) other services rendered by the Group.

The Group uses segment Earnings before interest, tax, depreciation and amortisation (Segment EBITDA), a non-IFRS measure, to measure segment profitability and makes decision related to resource allocation and performance evaluation. The Group measures Segment EBITDA as the revenue generated from the respective segment plus other income pertaining to the respective segment and is reduced by Raw materials and consumables used, employee benefit and other expenses, excluding depreciation and amortisation charges and finance costs, directly related to the individual segments. All material operations of the Group are in one geography,viz.,India. Consequently, all material revenues are generated from India and all material non-current assets are also located in India

Further, total assets and liabilities balance for each reportable segment is not reviewed by or provided to the CODM.


	For the year ended March 31, 2024(4)												For the year ended March 31, 2025(4)													For the year ended March 31, 2026
Particulars	Generation and sale of renewable power		Manufacturing of power equipment's		Total before Adjustments and eliminations		Adjustments and eliminations(3)(5)			Total after Adjustments and eliminations				Generation and sale of renewable power		Manufacturing of power equipment's		Total before Adjustments and eliminations		Adjustments and eliminations(3)(5)			Total after Adjustments and eliminations				Generation and sale of renewable power		Manufacturing of power equipment's		Total before Adjustments and eliminations		Adjustments and eliminations(3)(5)			Amount after Adjustments and eliminations			Total after Adjustments and eliminations
	(INR)		(INR)		(INR)		(INR)			(INR)				(INR)		(INR)		(INR)		(INR)			(INR)				(INR)		(INR)		(INR)		(INR)			(INR)			(USD)
Revenue (external customer) (1)		76,624		—		76,624		—			76,624				81,606		13,194		94,800		—			94,800				88,196		40,846		129,042		—			129,042			1,375
Inter-segment revenue(5)		—		15,286		15,286		(15,286	)		—				—		24,142		24,142		(24,142	)		—				—		20,360		20,360		(20,360	)		—			—
Revenue		76,624		15,286		91,910		(15,286	)		76,624				81,606		37,336		118,942		(24,142	)		94,800				88,196		61,206		149,402		(20,360	)		129,042			1,375
															—				—					—				—				—					—
Other income		9,972		—		9,972		—			9,972				7,901		59		7,960		—			7,960				10,896		1,773		12,669		(659	)		12,010			128
Total income (a)		86,596		15,286		101,882		(15,286	)		86,596				89,507		37,395		126,902		(24,142	)		102,760				99,092		62,979		162,071		(21,019	)		141,052			1,503
															—				—					—								—					—
Less: Raw materials and consumables used and changes in inventories of finished goods		-		14,289		14,289		(14,289	)		-				-		30,015		30,015		(22,024	)		7,991				-		40,583		40,583		(19,458	)		21,125			225
Less: Employee benefit expense		2,536		347		2,883		(347	)		2,536				3,064		750		3,814		(416	)		3,398				3,247		2,088		5,335		(292	)		5,043			54
Less: Other expenses		13,921		650		14,571		(650	)		13,921				11,368		2,427		13,795		(1,702	)		12,093				14,295		5,012		19,307		(1,269	)		18,038			192
Total expenses (b)		16,457		15,286		31,743		(15,286	)		16,457				14,432		33,192		47,624		(24,142	)		23,482				17,542		47,683		65,225		(21,019	)		44,206			471
Segment EBITDA (a) - (b)		70,139		-		70,139		-			70,139				75,075		4,203		79,278		—			79,278				81,550		15,296		96,846		-			96,846			1,032

Add: Revenue from non-reportable segments(1)											4,695													2,263													3,154			34
Less: Raw materials and consumables for non-reportable segments											(3,844	)												(602	)												(380	)		(4	)
Less: Employee benefit and other expenses for non-reportable segments											-													(128	)												(941	)		(10	)
Less: Other expenses for non-reportable segments											(134	)												(82	)												(1,124	)		(12	)
Add: Other un-allocable income(2)											4,689													3,452													6,245			67
Less: Un-allocable employee benefit expenses(2)											(1,931	)												(1,090	)												(602	)		(6	)
Less: Un-allocable other expenses(2)											(779	)												(608	)												(893	)		(10	)
Less: Depreciation, amortisation and impairment expenses											(17,583	)												(20,670	)												(26,738	)		(285	)
Add / (less): Change in fair value of warrants											551													595													184			2
Less: Finance costs and fair value change in derivative instruments											(47,506	)												(52,352	)												(61,754	)		(658	)
Profit / (loss) before tax											8,297													10,056													13,997			149
Less: Share in (loss) / profit of jointly controlled entities											(155	)												(22	)												(377	)		(4	)
Less: Income tax expense											(3,995	)												(5,443	)												(3,235	)		(34	)
Profit / (loss) for the year											4,147													4,591													10,385			111

The revenue from one major customer for the year ended March 31, 2026 amounts to INR 26,257 (March 31, 2025: one customer amounting INR 18,108; March 31, 2024: INR 23,343) which contributes more than 10% of the total revenue (Generation and sale of renewable power segment) of the Group.

Notes: