Transition as per IND AS 118

As per Ind AS 118, which replaces Ind AS 1, transition is required to be applied retrospectively from its effective date (currently applicable from 1 April 2027), with mandatory restatement of comparative figures in accordance with the principles of Ind AS 8; accordingly, entities must reclassify prior period income and expenses into the newly prescribed categories of operating, investing, financing, income taxes and discontinued operations, present newly mandated subtotals such as operating profit and profit before financing and income taxes, provide required disclosures and reconciliations for management performance measures (if any), and enhance disaggregation disclosures, while noting that the standard generally impacts presentation and disclosure rather than recognition or measurement, and therefore does not ordinarily result in adjustments to opening equity except in limited cases arising from reclassification effects.