2.21 Provision and contingent liabilities

A provision is recognized when a Company has a
present obligation (legal or constructive) as a result
of past events 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 Company 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 Company
does not recognize a contingent liability but discloses
its existence in the Standalone Financial Statements.

Provision and contingent liabilities are reviewed at
each Balance Sheet date.

2.22 Earnings per share

Basic earnings per share is computed by dividing the
profit/(loss) after tax attributable to the equity holders
of the Company 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.

2.23 Operating segment

Operating segments 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 operating
decision maker.

The Company 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 operating 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 Company operate.

Segment revenue, segment expenses have been
identified to the segments on the basis of their
relationship to the operating activities of the segment.

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

Revenue and expenses directly attributable to segments
are reported under each reportable segment. Revenue
and Expenses which are not directly identifiable to any
reporting segment have been allocated to respective
segments based on Gross Order Value, the number of
orders and number of employees and other suitable
basis as reviewed by CODM.

224 Statement of cash flow

Cash flows from operating activities are reported
using the indirect method set out in Indian Accounting

Standard (Ind AS) 7 on Statement of Cash Flows,
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 Company are segregated.

Cash Receipts and Payments for items in which the
turnover is quick, the amounts are large, and the
maturities are short has been reported on a net basis.

For the purposes of Standalone Statement of Cash
Flows, cash and cash equivalents comprise the total
cash and cash equivalents as disclosed in note 9
adjusted for Bank overdraft repayable on demand.

2.25 Events occurring after the balance sheet date.

Based on the nature of the event, the Company
identifies the events occurring between the balance
sheet date and the date on which the Standalone
financial statements are approved as 'Adjusting Event'
and 'Non-adjusting event'. Adjustments to assets
and liabilities are made for events occurring after the
balance sheet date that provide additional information
materially affecting the determination of the amounts
relating to conditions existing at the balance sheet
date or because of statutory requirements or because

of their special nature. For non-adjusting events, the
Company may provide a disclosure in the Standalone
financial statements considering the nature of
the transaction.

2.26 Exceptional items

The Company considers exceptional items to be
those which derive from events or transactions which
are significant for separate disclosure by virtue of
their size or incidence in order for the user to obtain
a proper understanding of the Company's financial
performance. These items include, but are not limited
to, impairment charges, restructuring costs and profits
and losses on disposal of subsidiaries, contingent
consideration and other one off items which meet this
definition. To provide a better understanding of the
underlying results of the period, exceptional items are
reported separately in the Standalone Statement of
Profit and Loss.

2.27 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. As of 31 March 2025, MCA
has not notified any new standards or amendments
to the existing standards applicable to the Company
that have not been applied.

Impairment of cash generating units

The Company evaluates for impairment if cash generating units (CGUs) have identified impairment triggers. Impairment
is recognised, when the carrying amount of CGUs including goodwill, exceeds the estimated recoverable amount of
CGU. For the purpose of impairment testing, goodwill acquired in a business combination is allocated to the cash
generating unit (CGU), which benefit from the synergies of the acquisition. A CGU is the smallest identifiable group
of assets that generates cash inflows that are largely independent of the cash inflows from other assets or group of
assets. CGUs which have goodwill allocated to them are tested for impairment at least annually.

During the period ended March 31, 2025 and March 31, 2024 Goodwill acquired through business combinations has
been allocated to the following CGU's:

(i) The recoverable amount of out of home consumption has been determined based on a value in use calculation.
That calculation uses cash flow projections based on financial budgets approved by management covering a
five-year period, and a discount rate of 20.60 % as at March 31, 2025. Cash flows beyond that five-year period
have been extrapolated using a constant five per cent growth rate. This growth rate does not exceed the long¬
term average growth rate of the market. As at year ended March 31, 2025, the Company has not identified any
indication for impairment of assets.

(ii) During the year ended March 31, 2024, the Company had assessed the carrying value of the investment in the
Private Brands considering its restructuring plan to suspend majority of operations except in partial locations in
Bangalore with effect from March 2024. Management performed an assessment of the recoverable amount of
the CGU based on the future operational plan and projected cashflows, based on such assessment, goodwill
and other intangible assets were impaired fully. The recoverable amount of Private Brands has been determined
based on the value in use. Value in use has been determined based on future operating plan, projected cash flows,
growth rates, economic conditions and trends. That calculation uses cash flow projections based on financial
budgets approved by management covering a five-year period, and a discount rate of 20.10 % as at March 31,
2024. Cash flows beyond that five-year period have been extrapolated using a constant five per cent growth
rate. This growth rate does not exceed the long-term average growth rate of the market.

(iii) The estimated recoverable amount of Out of home consumption CGU has exceeded its carrying amount and
accordingly, no impairment is recognised.

(iv) An analysis of the sensitivity of the computation to a change in key assumptions (discount rates and long-term
average growth rate), based on any reasonable change, did not identify any probable scenario in which the
recoverable amount of the Out of home consumption CGU would decrease below its carrying amount the year
ended March 31, 2025 and March 31, 2024.

5.1 The Company carried out an investment in the form of ESOP cross charge to the employees of SuprDaily
("SuprDaily") amounting to ' Nil (March 31, 2024: ' 52.79 Million). The Company had assessed the carrying value
of the investment and based on the future operational plan, projected cashflows and valuation carried out, the
entire investment has been impaired. The Company has impaired the total investment (including ESOP cross
charge) in SuperDaily amounting to ' 5,087.78 Million as at March 31, 2025 (March 31, 2024: ' 5,087.78 Million).

5.2 During the year ended March 31, 2025, the Company has carried out an investment of ' 328.00 Million (March
31, 2024: ' 256.77 Million) in the form of ESOP cross charge to the employees of Scootsy Logistics Private Limited
("Scootsy") and also the Company has carried out investment through subscription to rights issue amounting to
' 25,960.00 Million (out of which ' 996.00 Million were infused from IPO funds) in its material subsidiary, Scootsy
Logistics Private Limited (March 31, 2024 : ' 3,900.00 Million).

During the year ended March 31 2024, based on the future operational plan, the projected cashflows and
management valuation carried out, the Company had re-assessed the carrying value of its investment of
' 1,022.53 in Scootsy and has reversed the impairment carried out during the year ended 31 March 2020.

5.3 On March 01, 2023, the Company sold one of it's business undertaking on slump sale basis to Loyal Hospitality
Private Limited (LHPL). The sale was for a consideration of ' 670.75 Million. In exchange of the consideration, the
Company has received 6,89,358 Series B5 CCPS of face value of ' 10.00 each representing 21.72% of shareholding
of LHPL. Based on the terms of the shareholders agreement including a right of the Company to appoint director,
the Company has significant influence over the investment in accordance with Ind AS 28 'Investments in Associates
and Joint Ventures'.

5.4 During the year ended March 31, 2022, the Company had acquired 5% of shareholding in Urbanpiper
Technology Private Limited ("Urbanpiper") for a total consideration of ' 373.88 Million. The CCCPS are
designated as FVTOCI as they are not held for trading purpose and are not in similar line of business as the
Company. Further, disclosing their fair value fluctuation in profit or loss will not reflect the purpose of holding.
As at March 31, 2025, there is no change in the fair value of the aforesaid Investment and accordingly, no gain/
loss has been recorded.

5.5 During the year ended March 31, 2023, the Company has acquired 199,948 Series D CCPS shares and 10 equity
shares in Roppen Transportation Private Limited ("Rapido") constituting 15.10% on a fully diluted basis for ' 9,505.00
Million. Rapido is engaged in providing services as on-demand technology-based transportation aggregator
for two-wheelers and four-wheeler vehicles and operates through the mobile application 'Rapido'. During the
year ended March 31, 2025 pursuant to a new round of funding in Rapido, the share holding of the company
has been revised to 12.02%. The Company basis the shareholders agreement ("SHA") had the right to nominate
and appoint 1 (one) Nominee Director in the board of Rapido subject to the terms contained in the SHA and the
Articles of Association of Rapido. The Company has issued an irrevocable waiver letter basis which it has waived
its right to appoint a director on an irrevocable and unconditional basis till 31 December 2025 ("Waiver"). Basis
such waiver of rights, the Company concluded that it has no significant influence on Rapido and hence it is not an
associate as per Ind AS 28 'Investments in Associates and Joint Ventures' and hence the Company has recognised
the investments in Rapido as an investment at FVTOCI. Basis the fair valuation of the aforesaid investment, during
the year, the Company has recorded FVTOCI gain in the Standalone Statement of Profit and Loss amounting to
' 54.58 Million (March 31, 2024: ' 931.68 Million).

5.6 The Company, as part of its treasury operations, invested in commercial papers aggregating to ' 598.15 Million,
with 'Infrastructure Leasing and Financial Services Limited and its subsidiary' (IL&FS Group), which were due for
maturity on February 15, 2019 amounting to ' 368.73 Million and July 11, 2019 amounting to ' 229.42 Million, the
aforesaid amount and interest there on has not been received when it was due. As a result of increased credit
risk in relation to outstanding balance from IL&FS Group and the uncertainty prevailing on IL&FS Group due to
the proceedings pending with the National Company Law Tribunal (NCLT), Management had provided for full
amount ' 598.15 Million for impairment in the value of commercial papers during the year ended March 31, 2019.
During the year ended March 31, 2025, the Company recovered ' 26.88 million from the investment that was
previously considered doubtful and impaired, accordingly has reversed the impairment provision to the extent of
such recovery.

5.7 During the year ended March 31, 2025, the Company has carried out equity infusion through subscription of equity
shares amounting to ' 0.10 Million (March 31, 2024 : ' Nil).

(b) Terms/rights attached to equity shares

The Company has only one class of equity shares having par value of ' 1.00 per share (March 31, 2024: ' 1.00).
Each holder of equity shares is entitled to one vote per share. All equity shares rank equally with regard to dividends
and share in the Company's residual assets. The company declares and pays dividends in Indian rupees. The
dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual
General Meeting.

In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets
of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number
of equity shares held by the shareholders.

(c) Terms/rights attached to CCCPS

The company has thirteen classes of 0.01% CCCPS having a par value of ' 10.00 per share (March 31, 2024:
' 10.00) Series A to J-2 & K1 CCCPS, one class of 0.01% Series K CCCPS having a par value of ' 10,000.00 per
share (March 31, 2024: ' 10,000.00) and 0.01% Bonus CCCPS having a par value of ' 1,000.00 per share (March
31, 2024: ' 1,000.00). All CCCPS holders shall carry a cumulative dividend rate of 0.01% per annum on an as if
converted basis. Additionally, if the holders of Equity Shares are paid dividend in excess of 0.01% per annum, the
holders of the CCCPS shall be entitled to dividend at such higher rate. Any dividend proposed by the Board of
Directors is subject to shareholders' approval at the ensuing Annual General Meeting.

Preference shares of all classes of CCCPS rank pari passu except Bonus CCCPS. Bonus CCCPS issued to investors
shall rank subordinate to the Series A to Series K1 CCCPS but ranks pari-passu to instruments that are outstanding
and/or which may be issued by the Company to investors in all respects including but not limited to voting rights,
dividends and liquidation. Bonus CCCPS issued to non-investors shall rank pari passu with their equity shares
issued by the Company in all respects including but not limited to voting rights, dividends and liquidation.

All classes of 0.01% CCCPS except Bonus CCCPS, Series K CCCPS and Series K1 CCCPS are convertible into 1,401
equity shares. Series K 0.01% CCCPS are convertible into 1,376 equity shares. Bonus CCCPS consist of Class A and
Class B CCCPS where Class A Bonus CCCPS are convertible into 1 equity share and Class B Bonus CCCPS are
convertible into 1.6 equity shares as per the terms of the respective shares issue. Series K1 CCCPS are convertible
into 1 equity share.

All CCCPS are compulsorily convertible in whole or part into equity shares before the expiry of nineteen years from
the date of issuance. If not converted earlier voluntarily by the holder thereof, shall automatically convert into
equity shares at the then applicable CCCPS Conversion Price only in the following circumstances, (i) in connection
with a Qualified IPO, on the latest permissible date prior to the issue of Shares to the public in connection therewith;
or (ii) on the day following the completion of 19 (nineteen) years from the date of issuance of the same.

The holders of 0.01% CCCPS shall be entitled to attend meetings of all shareholders of the Company and entitled
to the same number of votes as a holder of 1 (one) equity share, subject to any adjustment, the number of votes
associated with each CCCPS will change accordingly.

On winding up of the Company, the holders of preference shares will be entitled to receive remaining assets of
the Company, after distribution of all preferential amounts, in priority to the equity shareholders. Equity shares
issued upon a conversion shall be fully-paid and free of all liens, charges and encumbrances.

During the year ended March 31, 2025, 11,963,380 CCCPS (Series A to J-2) having a par value of ' 10.00 per
share, 95,361 Series K1 CCCPS having a par value of ' 10,000.00 per share, 154,659,400 Bonus CCCPS having a
par value of ' 1,000.00 per share, were converted into Equity shares with face value of ' 1.00 each.

(e) Shares reserved for issue under options :

For details of shares reserved for issue under the employee stock option plan of the Company, refer note 32

for details.

(f) Information regarding issue of shares in the last five years:

i. On August 29, 2023, the Company acquired 100% of shareholding in Lynks Logistics Limited ("Lynks") for
a consideration of ' 3,855.39 Million, the consideration was discharged through issue of Series K1 CCCPS
amounting to ' 3,836.97 Million being non-cash consideration in the form of issue of 10,721,700 fully paid up
Series K1 CCCPS of ' 10.00 each and the balance has been discharged through cash. Effective December
25, 2023, Lynks was acquired by Scootsy for a consideration of ' 3,855.39 Million.

ii. During the year ended March 31, 2023, the Company had allotted 18,011,135 fully paid up equity shares
of face value ' 1.00 each to Times Internet Limited pursuant to acquisition of Dineout business as a going
concern on a slump exchange basis.

iii. During the year ended March 31, 2022, the Company had issued and allotted 163,105,600 compulsory
convertible cumulative preference shares as fully paid up bonus shares (Bonus CCCPS) having face value
of ' 1,000.00 each to the existing equity shareholders whose names appeared in the register of members
of the Company as on December 31, 2021 in the proportion of 1,400 Bonus CCCPS for every 1 equity share
held by the shareholders.

iv. During the year ended March 31, 2022, the Company had allotted 6,737 number of equity shares in the
nature of sweat equity shares for satisfaction of conditions agreed between investors, shareholders and the
Director of the Company.

The Company has three ESOP schemes namely Swiggy ESOP 2015 (formerly known as Bundl ESOP 2015) and
Swiggy ESOP 2021 (formerly known as Bundl ESOP 2021) and Swiggy ESOP 2024. These plans are administered by
the Nomination and Remuneration Committee (NRC) and are in compliance with the applicable provisions of the
Companies Act, 2013, the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, and other
relevant laws.

(a) Swiggy ESOP 2015:

The Swiggy ESOP 2015 (formerly known as Bundl ESOP 2015) had been approved by the Board of Directors of
the Company at their meeting held on May 26, 2015 and the shareholders of the Company by way of resolution
passed at their Extraordinary General meeting held on June 14, 2015 for granting of aggregate 17,650 options,
which were amended from time to time basis vide resolutions passed at the General meetings. As of March 31,
2024, the option pool stood at 1,06,201 stock options, convertible into a maximum of 148,787,115 fully paid-up
equity shares of face value INR 1.00 each, based on an exercise ratio of 1 option : 1,401 equity shares. Pursuant
to the recommendation of the Nomination and Remuneration Committee (NRC) at its meeting held on March
22, 2024, and the subsequent approvals of the Board of Directors and shareholders at their meetings held on
April 01, 2024 and April 03, 2024 respectively, the ESOP pool was further increased to 22,94,87,115 equity shares,
thereby increasing the pool size by 8,07,00,000 equity shares, subject to grant of such number of options and
on such terms and conditions as may be determined by the Board or the ESOP Committee from time to time, in
accordance with the provisions of the Swiggy ESOP 2015 Plan and any amendments thereto. Effective April 10,
2024, Swiggy ESOP 2015 Plan has been formally sunset and all further grants will be from Swiggy ESOP 2024.

(b) Swiggy ESOP 2021:

The Swiggy ESOP 2021 (formerly known as Bundl ESOP 2021) was approved by the Board of Directors at their
meeting held on August 6, 2021, and subsequently by the shareholders through a resolution passed at the
Extraordinary General Meeting held on August 10, 2021. The initial pool under the Swiggy ESOP 2021 Plan
consisted of 25,370 stock options, which were subsequently increased to 26,399 stock options as at March 31,
2024, pursuant to shareholder resolutions passed at various General Meetings. Each option, upon exercise, is
convertible into 1,401 fully paid-up equity shares of INR 1.00 each, convertible into maximum of 36,984,999 equity
shares. Further, in accordance with the resolution passed by the shareholders at the Extraordinary General Meeting
held on March 31, 2023, it was approved that (i) No further grants would be made under the Swiggy ESOP 2021
Plan, and (ii) 1,651 unissued options from this Plan would be transferred to the Swiggy ESOP 2015 Plan, and (iii)
Any future lapses or surrenders of options under the ESOP 2021 Plan would automatically be credited to the ESOP
2015 Plan.

Following this resolution, the unissued options under ESOP 2021 were transferred to ESOP 2015, resulting in a
revised closing pool of 24,748 options under ESOP 2021 as at March 31, 2024. These options are exercisable into
a maximum of 34,672,509 equity shares of the Company.

During the year ended March 31, 2022, the Company had 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 December 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 ' 1,401.00 (fourteen hundred and one).

(c) Swiggy ESOP 2024:

The Swiggy ESOP 2024 Plan was adopted pursuant to resolutions passed by the NRC on March 22, 2024, the
Board on April 01, 2024, and the shareholders on April 03, 2024. This Plan serves as a successor to the Swiggy
ESOP 2015 Plan. All unallocated/ungranted stock options under the ESOP 2015 Plan, as of April 10, 2024, have
been made available for grant under the ESOP 2024 Plan. An equivalent number of equity shares (subject to
adjustments) may be issued upon exercise of options under the new Plan, at such price and on such terms and
conditions as may be determined by the Nomination and Remuneration Committee, in accordance with prevailing
laws. Effective April 10, 2024, the Swiggy ESOP 2015 Plan has been sunset, and all future stock option grants will
be made under the Swiggy ESOP 2024 Plan.

On February 21, 2025, the Company executed a Trust Deed to establish the Swiggy Employee Stock Option Trust
(the "Trust"), a private and irrevocable trust, created exclusively for the benefit and welfare of the employees of
the Company and its subsidiaries. The primary objective of the Trust is to facilitate the allotment or transfer of
equity shares to eligible employees upon the exercise of vested stock options, in accordance with the respective
ESOP schemes and the provisions of the Trust Deed. The Trust shall function in accordance with the provisions of
the Companies Act, 2013, SEBI (SBEB & SE) Regulations, 2021, and other applicable laws and is governed by the
Nomination and Remuneration Committee of the Company.

b. In December 2023, the Company received show cause notices (SCNs) from the GST authorities requiring the
Company to explain why a tax liability of ' 3,267.63 Million along with the applicable interest and penalties
for the period from July 2020 to March 31, 2022, should not be levied and recovered. The alleged amount
pertains to the delivery charges collected from the end user on behalf of the delivery partners.The Company
has filed preliminary objections against the SCN and based on the external independent expert's advice,
believes it has a strong case on meritsThe matter is being closely monitored, and the Company will address
further proceedings as necessary.

c. The National Restaurant Association of India ("NRAI") filed a complaint under the Competition Act, 2002
("Competition Act") before the Competition Commission of India ("CCI") against, inter alia, our Company
alleging that certain practices of our Company were in violation of the Competition Act. CCI through an order
dated April 04, 2022, directed the Director General ("DG") to investigate the matter for which the Company
has cooperated and provided information as requested. The DG has submitted its investigation report to
the CCI and the CCI has made a copy of the report available to our Company. NRAI has filed a writ petition
against the order of the CCI declining its request for access to confidential version of the DG's report, which
is currently pending with the Hon'ble Delhi High Court. The company has been cooperating at each step of
the process with the Hon'ble CCI to articulate compliance of its business practice with competition laws in
India and lack of any adverse effect on the competitive environment.

d. Additionally, the Company is involved in claims through various consumer forums relating to quality of service,
arbitral matters and other disputes that arise from time to time in the ordinary course of business, which are
contested by the Company before the appropriate forums. Certain Writ petitions (including writ petition with
respect to Social security benefits for delivery partners filed by Indian Federation of APP-Based Transport
Workers) have also been filed. Management is of the view that the above matters will not have any material
adverse effect on the Company's financial position and results of operations.

35. Operating Segments

The Company prepares the standalone financial statements along with the consolidated financial statements.
In accordance with Ind AS 108, Operating segments, the Company has disclosed the segment information in
the consolidated financial statements and is exempt from disclosing segment information in the standalone
financial statements.

36. Capital management

For the purpose of Company's capital management, capital includes subscribed capital (equity and preference),
securities premium and all other equity reserves attributable to the owners of the Company. The primary objective of
the Company's capital management is to safeguard the Company'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 Company is predominantly equity financed, which is evident from the capital structure below. The Company
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 Company is not
subject to any externally imposed capital requirements.

The capital structure and key performance indicators of the Company as at year ended March 31, 2025 and March
31, 2024 is as follows:

38. Financial risk management

The Company has constituted a Risk Management Committee. The Company has in place a risk management
framework to identify, evaluate business risks and challenges across the Company both at corporate level and also
separately for each business division. The Group is exposed to various financial risks majorly Credit risk, Liquidity risk,
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 Company's exposure to foreign currency exchange rate risk is very limited, as the Company doesn't have any
significant foreign exchange transactions. Further, the Company's investments are primarily in fixed rate interest
bearing investments. Accordingly, the Company is not significantly exposed to interest rate risk.

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 Company has no debt obligation during the current year. Therefore,
there is no impact of possible change in floating rate on the entity's profitability.

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 Company 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 Company through credit approvals, established credit limits and continuously monitoring the
creditworthiness of customers to which the Company 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 Company'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 Company operates
with known online payment partners, these are short term and carried very low credit risk at the reporting
date. The Company's trade receivables are non-interest bearing and generally carries credit period of 0 to 60
days. The Company does not have significant credit risk exposure to any single counterparty. The Company
does not hold collateral as security.

As per Ind AS 109, the Company uses the expected credit loss model to assess the impairment loss. In
determining the impairment allowance (allowance for doubtful debts), the Company has used a practical
expedient by computing the expected credit loss allowance for trade receivables based on a provision matrix.
The provision matrix takes into account historical credit loss experience as well as the current economic
conditions and is adjusted for forward looking information. The expected credit loss allowance is based on
the ageing of the receivables that are due and allowance rates used in the provision matrix. Refer note 27 for
the details on allowances for doubtful debts and advances and note 8 for the outstanding trade receivable
balance which is subject to credit risk exposure of the Company.

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
' 610.41 Million (March 31, 2024: ' 507.10 Million) consists of both these types of amounts.

ii. Financial instruments and cash deposits

Credit risk from balances with banks and financial institutions is managed by the Company's treasury
department in accordance with the Company's approved investment policy. Investments of surplus funds are
made primarily in mutual fund units, fixed maturity plan securities, fixed deposits, quoted bonds, certificate
of deposits, commercial papers etc. Investments of certificate of deposits, zero coupon bonds, commercial
papers etc., are made only with approved counterparties and within credit limits. Counterparty credit ratings
are reviewed by the Company's Audit Committee on periodic basis.

The Company's maximum exposure to credit risk for the components of the balance sheet is the carrying
amounts as illustrated in note 5 and the liquidity table below.

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 company level using
daily liquidity reports and regular cash forecast reports to ensure adequate distribution. The Company believes
that cash and cash equivalents and current investments are sufficient to meet its current requirements, accordingly,
no liquidity risk is perceived.

e. Other disclosures

i. Expenses relating to short-term leases have been disclosed under rent expenses in note 27.

ii. The incremental borrowing rate of 8.39 % p.a.(March 31, 2024: 8.50 % p.a) has been applied to lease liabilities
recognised in the Standalone Balance Sheet.

40. Corporate Social Responsibility ('CSR') activity

As per Section 135 of The Company's Act, 2013, a Corporate Social Responsibility ('CSR') committee has been formed
by Company. The primary function of the committee is to assist the Board of Directors in formulating a CSR policy
and review the implementation and progress of the same from time to time. The CSR policy intends to adopt the CSR
activities mentioned in the Schedule VII of the Company's Act, 2013. The Company has incurred losses during the three
immediately preceding financial years and accordingly, is not required to spend any amount for CSR purpose.

41. Compliance with FDI regulation:

Swiggy Limited has received foreign direct investment (including FII) and therefore, the Company is required to comply
with regulations applicable to Foreign Direct Investments in e-commerce entities.

FDI is governed by (collectively, "Exchange Control Regulations") (a) the Foreign Exchange Management Act, 1999
(including the rules and regulations made thereunder) ("FEMA"), the consolidated FDI policy issued by the Department
for Promotion of Industry and Internal Trade effective October 15, 2020 ("DPIIT") ("FDI Policy"), Foreign Exchange
Management (Non-Debt Instrument) Rules, 2019 (Notification No. S.O. 3732(E) dated October 17, 2019) as amended
from time to time ("NDI Rules"), as amended from time to time, circulars / notifications issued by the RBI from time to
time, and the policy statements issued by the Government of India/ DPIIT, through press notes (collectively, the "FEMA
Regulations").

The Company has evaluated the guidance above and has obtained a legal opinion from the external legal counsel
to conclude that with regard to the food delivery, the Company conducts its businesses under the category namely
'sale of services through e-commerce'. Accordingly, the conditions enumerated in Para 15.2.3 of the NDI Rules are not
applicable to the Company for the food delivery business and other businesses under the category. Accordingly, the

44.1 Ratios variances have been explained for any change by more than 25% as compared to the previous year.

⁽ⁱ⁾ Includes Net profit after taxes Non-cash operating expenses Interest Other non-cash adjustments.

⁽ⁱⁱ⁾ Includes lease payments for the year.

⁽ⁱⁱⁱ⁾ Includes lease liabilities.

^(iv) Includes tangible net worth lease liabilities.

45. Other statutory information:

(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against
the Company for holding any Benami property.

(ii) The Company does not have any transactions with companies struck off.

(iii) The Company has not revalued its property, plant and equipment (including right-of-use assets) or intangible
assets or both during the current or previous year.

(iv) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

(v) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign
entities (Intermediaries) with the understanding that the Intermediary shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on
behalf of the company (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries

(vi) The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party)
with the understanding (whether recorded in writing or otherwise) that the Company shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on
behalf of the Funding Party (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries

(vii) The Company has not made any such transaction which is not recorded in the books of accounts that has been
surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such
as, search or survey or any other relevant provisions of the Income Tax Act, 1961.

(viii) The Company has no borrowings from banks and financial institutions, accordingly the quarterly returns or
statements to be filed by the Company with the banks and financial institutions are not applicable.

(ix) None of the entities in the Company have been declared wilful defaulter by any bank or financial institution or
government or any government authority.

(x) The Company has complied with the number of layers prescribed under the Companies Act, 2013.

(xi) The Company has not entered into any scheme of arrangement which has an accounting impact on current or
previous financial year.

46. Other notes

i. 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 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.

ii. During the year ended, March 31, 2025, the Company has completed its Initial Public Offer (IPO) of 290,468,426
Equity shares of face value of ' 1.00 each at an issue price of ' 390.00 per share (including a share premium of
' 389.00 per share). A discount of ' 25.00 per share was offered to eligible employees bidding in the employee's
reservation portion of 336,794 Equity shares. The issue comprised of a fresh issue of 115,380,563 Equity shares
aggregating to ' 44,990.00 Million and offer for sale of 175,087,863 equity shares by selling shareholders
aggregating to ' ' 68,284.27 Million. Pursuant to the IPO, the equity shares of the Company were listed on
National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on November 13, 2024.

47. Subsequent events

i. Subsequent to balance sheet date, the Company has allotted 203,525,118 number of equity shares to the
"Swiggy Employee Stock Option Trust" for a consideration of ' 203.53 Million to facilitate the allocation of shares
to the employees upon the exercise of vested options, in accordance with the terms and conditions set out in the
respective ESOP Scheme and the trust deed.

ii. Pursuant to the resolutions passed by the Company on April 22, 2025 and May 02, 2025, the Company has
allotted 3,632,264 and 8,629 Equity shares, respectively, pursuant to the exercise of stock options by the eligible
employees, under Swiggy ESOP Plan 2015 & Swiggy ESOP Plan 2021.

As per our report of even date attached for and on behalf of the Board of Directors of

for B S R & Co. LLP Swiggy Limited (formerly known as Swiggy Private Limited, Bundl Technologies

Chartered Accountants Private Limited)

Firm's Registration Number: 101248W/W-100022

Sd/- Sd/- Sd/-

Sampad Guha Thakurta Sriharsha Majety Lakshmi Nandan Reddy Obul

Partner Managing Director & Whole-time Director &

Membership No.: 060573 Group Chief Executive Officer Head of Innovations

DIN: 06680073 DIN: 06686145

Sd/- Sd/-

Rahul Bothra Venkatraman Ramachandran

Chief Financial Officer Company Secretary

Place : Bengaluru Place : Bengaluru Place : Bengaluru

Date : May 09, 2025 Date : May 09, 2025 Date : May 09, 2025