AGS Transact Technologies Limited
Annexure V - Basis of preparation and Significant Accounting Policies

Notes to the Revised Restated Consolidated Financial Information

The Revised Restated Consolidated Financial Information relates to the Group. The Group does not have
investments in joint ventures.

The Revised Restated Consolidated Financial Information have been prepared by the management for inclusion in
the offer document in connection with the proposed listing of equity shares of the Company by way of offer for sale
by the selling shareholders, to be filed by the Company with the Securities and Exchange Board of India, the
National Stock Exchange of India Limited (‘SEBI’), BSE Limited and Registrar of Companies, Mumbai in
accordance with the requirements of:

a) Section 26 to the Companies Act, 2013 (“Act”)

b) The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018,
issued by the Securities and Exchange Board of India ("SEBI") on September 11, 2018, as amended to date in
pursuance of provisions of Securities and Exchange Board of India Act, 1992 (together referred to as the ‘SEBI
ICDR regulations 2018”); and

c) Guidance Note on Reports in Company Prospectuses (Revised 2019) issued by the Institute of Chartered
Accountants of India (‘ICAI’).

These Revised Restated Consolidated Financial Information has been extracted by the Management from:

a) the audited Revised Special Purpose Interim Consolidated financial statements of the Group as at and for the
five months period ended 31 August 2021 prepared in accordance with the Indian Accounting Standard 34
“Interim Financial Reporting” as prescribed under Section 133 of the Act and other accounting principles
generally accepted in India, which have been approved by the Board of Directors of the Company at their Board
meetings held on 6 January 2022,

b) _ the audited consolidated financial statements of the Group and its associate as at and for the years ended 31
March 2021, 31 March 2020 and 31 March 2019 prepared in accordance with Ind AS as prescribed under
Section 133 of the Act and other accounting principles generally accepted in India (the “consolidated financial
statements”), which have been approved by the Board of Directors of the Company at their Board meetings held
on 29 June 2021, 25 August 2020 and 20 May 2019 respectively.

These Revised Restated Consolidated Financial Information have been prepared after incorporating adjustments for
the changes in accounting policies, material errors and regrouping/reclassifications retrospectively in the financial
years ended 31 March 2021, 2020 and 2019 to reflect the same accounting treatment as per the accounting policy
and grouping/classifications followed as at and for the five months period ended 31 August 2021.

. Functional and presentation currency
The Revised Restated Consolidated Financial Information are presented in Indian Rupees (INR), which is also the
entity's functional currency.

All amounts have been rounded off to the nearest Rupee in million with two decimals, unless otherwise indicated.

. Basis of measurement

The Revised Restated Consolidated Financial Information have been prepared on historical cost basis, except for the
following assets and liabilities which have been measured at fair value:

— Certain financial instruments (assets and liabilities) measured at fair value (refer accounting policy regarding

financial instruments)
— Net defined benefit (asset) / liability — fair value of plan assets less present value of defined benefit obligations

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