Accounting Policies of Canara Robeco Asset Management Company Ltd. Company

Mar 31, 2025

3. Material Accounting Policy Information

3.1 Cash and Cash Equivalents

Cash and cash equivalents include cash on hand and other short-term, highly liquid investments with original maturities of three months
or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of change in value.

3.2 Financial Instruments

i) Recognition and initial measurement

All financial assets and financial liabilities which are not recognised at Fair value through Profit and Loss are initially measured at fair
value plus transaction cost that are directly attributable to its acquisition or issue.

ii) Classification and subsequent measurement
Financial assets on initial recognition

A financial asset is classified and measured at :

- Amortised Cost

- Fair Value through other Comprehensive Income (FVOCI)

- Fair Value through Profit and Loss (FVTPL)

Financial assets are not reclassified subsequent to their initial recognition, except if and in the period the company changes its business
model for managing financial assets.

Financial asset at amortized cost

A financial asset is measured at amortised cost if it meets both of the following conditions and is not recognised at FVTPL:

- The asset is held within a business model where objective is to hold assets to collect contractual cash flow; and

- The contractual terms of the financial asset give rise on specified dates to cashflow that are solely payments of Principle and interest

on principal amount outstanding using effective interest rate (EIR) method. Amortised cost is calculated by considering any discount or
premium on acquisition and fees or costs that are an integral part of the EIR and reported as part of interest income in the Statement
of Profit and Loss. The losses, if any, arising from impairment are recognized in the Statement of Profit and Loss.

Financial assets at fair value through other comprehensive income (FVOCI)

A Financial asset is measured at FVOCI if it meets both of the following conditions and is not designated as FVTPL:

- The asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial
assets; and

- The contractual terms of the financial asset give rise on specified dates to cashflow that are solely payments of Principle and interest
on principal amount outstanding.

After initial measurement, such financial assets are subsequently measured at fair value. Interest income is recognized using the effective
interest (EIR) method. The impairment losses, if any, are recognized through Statement of Profit and Loss. The loss allowance is recognized
in OCI and does not reduce the carrying value of the financial asset. On derecognition, gains and losses accumulated in OCI are reclassified
to the Statement of Profit and Loss.

Financial assets at fair value through Profit and Loss(FVTPL)

Any financial asset, which does not meet the criteria for classification as at amortized cost or as FVOCI, is classified to be measured at FVTPL.
Financial assets included within the FVTPL category are measured at fair value with all changes recognized in the Statement of Profit and
Loss.

Equity instruments at FVOCI

The Company subsequently measures all equity investments at FVTPL, unless the Company has elected to classify irrevocably some of its equity
investments as equity instruments at FVOCI, when such instruments meet the definition of Equity under Ind AS 32 Financial Instruments:
Presentation and are not held for trading. Such classification is determined on an instrument-by-instrument basis.

Gains and losses on these equity instruments are never recycled to the Statement of Profit and Loss. Dividends are recognized in the Statement
of Profit and Loss as dividend income when the right of the payment has been established, except when the Company benefits from such
proceeds as a recovery of part of the cost of the instrument, in which case, such gains are recorded in OCI. Equity instruments at FVOCI are
not subject to an impairment assessment.

Financial liabilities

Classification, subsequent measurement, gains and losses

Financial liabilities are classified as measured at amortised cost or FVTPL. Financial liabilities at FVTPL are measured at fair value and net
gains and losses, including any interest expense, are recognised in Statement of Profit and Loss. Other Financial liabilities are subsequently
measured at amortised cost using the effective interest method. Interest expense and foreign exchange gains and losses are recognised in
the Statement of Profit and Loss. Any gain or loss on derecognition is also recognised in the Statement of Profit and Loss.

Initial recognition and measurement

All financial liabilities are recognized initially at fair value and, in the case of payables, net of directly attributable transaction costs.

The Company classifies all financial liabilities as subsequently measured at amortized cost, except for financial liabilities at FVTPL. Liabilities
which are classified at FVTPL, including derivatives that are liabilities, shall be subsequently measured at fair value.

Derecognition
Financial assets

The Company derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the
rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial
asset are transferred or in which the Company neither transfers nor retains substantially all of the risks and rewards of ownership and does
not retain control of the financial asset.

If the Company enters into transactions whereby it transfers assets recognised on its balance sheet, but retains either all or substantially all
of the risks and rewards of the transferred assets, the transferred assets are not derecognised.

Financial liabilities

The Company derecognises a financial liability when its contractual obligations are discharged or cancelled, or expire.

Impairment of financial instruments

The Company recognises loss allowances using the expected credit loss (ECL) model for the financial assets which are not classified as Fair
Value Through Profit and Loss or Equity investments at FVOCI. Expected credit losses are measured at an amount equal to the 12-month
ECL, unless there has been a significant increase in credit risk or the assets have become credit impaired from initial recognition in which
case, those are measured at lifetime ECL. The amount of expected credit losses (or reversal) that is required to adjust the loss allowance at
the reporting date is recognised as an impairment gain or loss in the Statement of Profit and Loss.

Measurement of expected credit losses

Expected credit losses are a probability-weighted estimate of credit losses. Credit losses are measured as the present value of all cash shortfalls
(i.e. the difference between the cash flows due to the Company in accordance with the contract and the cash flows which the Company
expects to receive).

Presentation of allowance for expected credit losses in the balance sheet

Loss allowances for financial assets measured at amortised cost are deducted from the gross carrying amount of the assets.

Write off

The gross carrying amount of a financial asset is written off (either partially or in full) to the extent that there is no realistic prospect of
recovery. This is generally the case when the Company determines that the counter party does not have assets or sources of income that
could generate cash flows to repay the amounts. However, financial assets that are written off could still be subject to enforcement activities
in order to comply with the Company''s procedures for recovery of amounts due.

Off-setting financial instruments

Financial assets and liabilities are offset and the net amount is presented in the balance sheet where there is a legally enforceable right to
offset the recognised amounts and there is an intention to settle on a net basis or realise the asset and settle the liability simultaneously.

3.3 (A) Property, plant and equipment

i) Recognition and measurement

Items of property, plant and equipment (PPE) are measured at cost less accumulated depreciation and any accumulated
impairment losses.

The cost of an item of property, plant and equipment comprises:

a. Its purchase price, including import duties and non-refundable purchase taxes, after deducting trade discounts and rebates.

b. Any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating
in the manner intended by the Management.

Income and expenses related to the incidental operations, not necessary to bring the item to the location and condition necessary
for it to be capable of operating in the manner intended by management, are recognized in the Statement of Profit and Loss.

If significant parts of an item of property, plant and equipment have different useful lives, then they are accounted and depreciated
for as separate items (major components) of property, plant and equipment.

Any gain or loss on disposal of an item of property, plant and equipment is recognized in the Statement of Profit and Loss.

ii) Subsequent expenditure

Subsequent expenditure is capitalized only if it is probable that the future economic benefits associated with the expenditure
will flow to the Company.

iii) Depreciation

Depreciation on property, plant and equipment is provided on WDV basis as per the estimated useful life and in the manner
prescribed in Schedule II of the Companies Act, 2013 except for certain assets.

Following is the summary of useful lives of the assets as per management''s estimate and as required by the Companies Act,
2013.

iv) Derecognition

The cost and related accumulated depreciation are eliminated from the financial statements upon sale or retirement of the asset
and the resultant gains or losses are recognised in the Statement of Profit and Loss. Assets to be disposed off are reported at the
lower of the carrying value or the fair value less cost to sell.

v) Capital work in progress

Projects under which property plant and equipment are not ready for their intended use are carried at cost less accumulated
impairment losses, comprising direct cost, inclusive of taxes, duties, freight, and other incidental expenses.

(B) Other Intangible Assets

i) Recognition and measurement

Intangible assets are recognized when they are separately identifiable, under control of the Company, and from which future
economic benefits are expected to flow to the entity. Intangible assets including computer software are measured at cost. Such
other intangible assets are subsequently measured at cost less accumulated amortisation and any accumulated impairment
losses.

Subsequent expenditure is capitalised only when it increases the future economic benefits embodied in the specific asset to
which it relates. All other expenditure is recognized in the Statement of Profit and Loss as incurred.

Amortization is calculated to write off the cost of intangible assets less their estimated residual values over their estimated
useful lives using the straight-line method, and is included in depreciation and amortization in the Statement of Profit and Loss.
Amortization method, useful lives and residual values are reviewed at the end of each financial year and adjusted, if required

ii) Amortisation of Intangible assets

Intangible assets are amortised on straight line basis over a period of three years from the date on which such asset is first utilized.

iii) Derecognition

Intangible assets are derecognized on disposal or when no future economic benefits are expected to arise from its continuous
use, and the resultant gains or losses are recognized in the Statement of Profit and Loss.

iv) Intangible Assets Under Development

The intangible assets under development includes cost of intangible assets that are not ready for their intended use on the date
of balance sheet less accumulated impairment losses, if any.

3.4 Impairment of non-financial assets

The Company''s non-financial assets, other than deferred tax assets, are reviewed at each reporting date to determine whether there is any
indication of impairment. If any such indication exists, then the asset''s recoverable amount is estimated.

The recoverable amount of an asset or goodwill is the higher of its value in use and its fair value. Value in use is based on the estimated
future cash flows, discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value
of money and the risks specific to it.

An impairment loss is recognised if the carrying amount of an asset or goodwill exceeds its estimated recoverable amount. Impairment
losses are recognised in the Standalone Statement of Profit and Loss.

An impairment loss in respect of goodwill is not subsequently reversed. In respect of other assets for which impairment loss has been
recognised in prior periods, the Company reviews at each reporting date whether there is any indication that the loss has decreased or no
longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. Such a
reversal is made only to the extent that the asset''s carrying amount does not exceed the carrying amount that would have been determined,
net of depreciation or amortisation, if no impairment loss had been recognised.

3.5 Leases

The Company as a lessee: The Company''s leased assets classes primarily consist of leases for office on lease and other assets. The Company
assesses whether a contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right
to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to
control the use of an identified asset, the Company assesses whether: (i) the contract involves the use of an identified asset (ii) the Company
has substantially all of the economic benefits from use of the asset through the period of the lease and (iii) the Company has the right to direct
the use of the asset. At the date of commencement of the lease, the Company recognizes a right-of-use asset ("ROU") and a corresponding
lease liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases)
and low value leases. For these short-term and low value leases, the Company recognizes the lease payments as an operating expense on
a straight-line basis over the term of the lease.

Certain lease arrangements includes the options to extend or terminate the lease before the end of the lease term. ROU assets and lease
liabilities includes these options when it is reasonably certain that they will be exercised. The right-of-use assets are initially recognized at
cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or prior to the commencement date
of the lease plus any initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated depreciation and
impairment losses. Right-of-use assets are depreciated from the commencement date on a straight-line basis over the shorter of the lease
term and useful life of the underlying asset. Right of use assets are evaluated for recoverability whenever events or changes in circumstances
indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher
of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash
flows that are largely independent of those from other assets.

The lease liability is initially measured at the present value of the future lease payments. The lease payments are discounted using the
company''s incremental borrowing rate. After the commencement date, the amount of lease liabilities is increased to reflect the accretion
of interest and reduced for the lease payments made.

Lease liabilities are remeasured with a corresponding adjustment to the related right of use asset if the Company changes its assessment,where
it will exercise an extension or a termination option. Lease liability and ROU asset have been separately presented in the Balance Sheet and
lease payments have been classified as financing cash flows.

3.6 Revenue recognition

i) Rendering of services

The Company recognizes revenue from contracts with customers based on a five step model as set out in Ind AS 115, Revenue from
Contracts with Customers to determine when to recognize revenue and at what amount.

Revenue is measured based on the consideration specified in the contract with a customer. Revenue from contracts with customer is
recognized when services are provided and it is highly probable that a significant reversal of revenue is not expected to occur. If the
consideration promised in a contract includes a variable amount, the Company estimates the amount of consideration to which it will
be entitled in exchange for rendering the promised services to a customer. The amount of consideration can vary because of discounts,
rebates, refunds, credits, price concessions, incentives, performance bonuses, or other similar items. The promised consideration can
also vary if an entitlement to the consideration is contingent on the occurrence or non-occurrence of a future event.

ii) Nature of Services

a) Asset Management Services

The Company has been appointed as the investment manager to Canara Robeco Mutual Fund. The Company receives investment
management fees from the mutual fund which is charged as a percent of the Assets Under Management (AUM) and is recognised
on accrual basis. The maximum amount of management fee that can be charged is subject to applicable SEBI regulations.

The contract includes a single performance obligation (series of distinct services) that is satisfied over time and the investment
management fees earned are considered as variable consideration.

b) Advisory Services

The Company provides advisory services to its clients wherein a separate agreement is entered into with the client. The Company
earns advisory fee which is based on the terms of contract and is recognised on accrual basis.

The contracts include a single performance obligation (series of distinct services) that is satisfied over time and the advisory fees
earned are considered as variable consideration.

Canara Robeco AMC provides advisory services to Robeco HK for the funds invested in the Indian market.

The advisory fees is charged based on the rates defined in the agreements entered into between Canara Robeco Asset Management
Company and Robeco HK.

3.7 Employee benefits

i) Short-term employee benefits

Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as the related service is provided.
A liability is recognised for the amount expected to be paid, if the Company has a present legal or constructive obligation to pay this
amount as a result of past service provided by the employee, and the amount of obligation can be estimated reliably.

ii) Defined contribution plans

A defined contribution plan is a post-employment benefit plan under which the Company pays fixed contributions into an account
with a separate entity and has no legal or constructive obligation to pay further amounts. The Company makes specified periodic
contributions to the credit of the employees'' account with the Employees'' Provident Fund Organisation. Obligations for contributions
to defined contribution plans are recognised as an employee benefit expense in the Statement of Profit and Loss in the periods during
which the related services are rendered by employees.

National Pension System (NPS)

NPS is a defined contribution plan. In case employee opts for NPS, the Company contributes a sum not exceeding 10% of basic salary
plus dearness pay, if any, of the eligible employees'' salary to the NPS. The Company recognises such contribution as an expense as
and when incurred.

iii) Defined benefit plans
Gratuity

A defined benefit plan is a post-employment benefit plan other than a defined contribution plan. The Company''s net obligation in
respect of the defined benefit plan is calculated by estimating the amount of future benefit that employees have earned in the current
and prior periods, discounting that amount and deducting the fair value of any plan assets.

The calculation of the defined benefit obligation is performed periodically by a qualified actuary using the projected unit credit method.
When the calculation results in a potential asset for the Company, the recognised asset is limited to the present value of economic
benefits available in the form of any future refunds from the plan or reductions in future contributions to the plan (''the asset ceiling'').
In order to calculate the present value of economic benefits, consideration is given to any minimum funding requirements.
Remeasurement of the net defined benefit liability, which comprise actuarial gains and losses, the return on plan assets (excluding
interest) and the effect of the asset ceiling (if any, excluding interest), are recognised in Other Comprehensive Income. The Company
determines the net interest expense/income on the net defined benefit liability/asset for the period by applying the discount rate used
to measure the defined benefit obligation at the beginning of the annual period to the then-net defined benefit liability/asset, taking
into account any changes in the net defined benefit liability/ asset during the period as a result of contributions and benefit payments.
Net interest expense and other expenses related to defined benefit plans are recognised in the Statement of Profit and Loss.

When the benefits of a plan are changed or when a plan is curtailed, the resulting change in benefit that relates to past service (''past
service cost'' or ''past service gain'') or the gain or loss on curtailment is recognised immediately in the Statement of Profit and Loss.
The Company recognises gains and losses on the settlement of a defined benefit plan when the settlement occurs.

iv) Other long-term employee benefits

The Company''s net obligation in respect of long-term employee benefits other than post employment benefits, which do not fall due
wholly within 12 months after the end of the period in which the employees render the related services, is the amount of future benefit
that employees have earned in return for their service in the current and prior periods; that benefit is discounted to determine its
present value, and the fair value of any related assets is deducted. The obligation is measured on the basis of an independent actuarial
valuation using the projected unit credit method. Remeasurement gains or losses are recognised as profit or loss in the period in which
they arise.

v) Short Term Compensated Absences

Compensated absences which accrue to employees and which are expected to be paid within twelve months immediately following
the year end are reported as expenses during the year in which the employees performs the services that the benefit covers and the
liabilities are reported at the undiscounted amount of the benefit.

3.8 Scheme Expenses

New fund offer expenses, and other expenses not chargeable to schemes, in accordance with applicable circulars and guidelines issued by
SEBI and Association of Mutual Funds in India (AMFI), are borne by the Company and are part of other expenses in Statement of Profit and
Loss account.

3.9 Income Tax

Income tax expense comprises current and deferred tax. It is recognized in the Statement of Profit and Loss except to the extent that it relates
to items recognized directly in equity or in other comprehensive income (OCI).

Current tax

Current tax is measured at the amount expected to be paid in respect of taxable income for the year in accordance with the Income Tax
Act,1961. Current tax comprises the expected tax payable or receivable on the taxable income or loss for the year and any adjustment to the
tax payable or receivable in respect of previous years. It is measured using tax rates enacted or substantively enacted at the reporting date.

Current tax assets and current tax liabilities are offset only if the Company has a legally enforceable right to set off the recognized amounts,
and it intends to realize the asset and settle the liability on a net basis or simultaneously.

Deferred tax

Deferred tax is recognized in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting
purposes and the amounts used for taxation purposes.

Deferred tax assets are reviewed at each reporting date and based on management''s judgment, are reduced to the extent that it is no
longer probable that the related tax benefit will be realized; such reductions are reversed when the probability of future taxable profits
improves.

Unrecognized deferred tax assets are reassessed at each reporting date and recognized to the extent that it has become probable that future
taxable profits will be available against which they can be used.

Deferred tax is measured at the tax rates that are expected to be applied to temporary differences when they reverse, using tax rates enacted
or substantively enacted at the reporting date.

The measurement of deferred tax reflects the tax consequences that would follow from the manner in which the Company expects, at the
reporting date, to recover or settle the carrying amount of its assets and liabilities.

Deferred tax assets and liabilities are offset only if:

a. the Company has a legally enforceable right to set off current tax assets against current tax liabilities; and

b. the deferred tax assets and the deferred tax liabilities relate to income taxes levied by the same taxation authority.

3.10 Foreign Currency transactions

Transactions in foreign currencies are translated into functional currency at the exchange rates at the dates of the transactions or an average
rate if the average rate approximates the actual rate at the date of the transaction.

Monetary assets and liabilities denominated in foreign currencies are translated into the functional currency at the exchange rate prevailing
at the reporting date. Non-monetary assets and liabilities that are measured at fair value in a foreign currency are translated into the
functional currency at the exchange rate when the fair value was determined. Non-monetary assets and liabilities that are measured based
on historical cost in a foreign currency are translated at the exchange rate at the date of the transaction and are not retranslated.

All foreign exchange gains and losses are presented in the Statement of Profit and Loss.