Reporting Approach

Tata Projects Limited (Tata Projects) is committed to transparent and holistic stakeholder communications. Showcasing this commitment, we are delighted to present our second Integrated Report. This Report has been developed in accordance with the International Integrated Reporting (IR) Framework. This report aims to provide our stakeholders with a comprehensive and transparent overview of our achievements, value-creation model, overall performance, strategy, risks & opportunities, and material issues, depicted through the lens of six capitals – Financial, Manufactured, Intellectual, Human, Social and Relationship, and Natural capitals.

During this reporting period, there have been no significant changes in the organisation’s sectors or activities, such as the opening, closing, or expansion of facilities, compared to the previous reporting period.

Reporting Principles

The scope of this report extends beyond financial reporting and includes non-financial performance, opportunities, risks, and outcomes attributable to or associated with our key stakeholders, which significantly influence our ability to create value. This Report covers Key Performance Indicators (KPIs) in line with the (IR) Framework and the applicable United Nations Sustainable Development Goals (UN SDGs), along with GRI standards aligned with the in-accordance option. Additionally, this Report is also BRSR compliant.

Other sections of the document also comply with the requirements of the Companies Act, 2013 (and the rules made thereunder); Indian Accounting Standards; the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015; and the Secretarial Standards issued by the Institute of Company Secretaries of India.

Scope of Reporting and Boundary

This Report encapsulates essential details related to our strategic planning, business structure, operational environment, material risks, stakeholder preferences, accomplishments, prospects, and governance of the Company during the financial year. We have reported data for both our India and international locations on a consolidated basis for statutory reports, while non-statutory disclosures are presented on a standalone basis.

The entity included in this sustainability report is:

• Tata Projects Limited - Headquarters: Mithona Towers-1, 1-7-80 to 87, Prenderghast Road, Secunderabad - 500003, Telangana, India

Nature of Ownership and Legal Form

Tata Projects Limited is a private limited company. It operates as one of the group companies of Tata Group, a renowned Indian multinational conglomerate.

Countries of Operation

We operate in 10 countries across Asia, Africa, and the Middle East, engaging in diverse operations, including infrastructure development, construction, engineering, procurement, and project management.

Assurance

This report is externally assured by Bureau Veritas. The limited assurance was conducted in accordance with the International Standard on Assurance Engagements (ISAE) 3000, covering both qualitative and quantitative information. The assurance statement is included in this report. The highest governance body has reviewed this report to ensure its integrity.

If there have been any changes in information from the previous year, these have been clearly noted on the respective pages of this report.

Responsibility Statement

The management of Tata Projects has evaluated the content presented in the Report and assured its integrity to the best of their knowledge in their capacity as Those Charged With Governance (TCWG). The publication of this Report was approved by management in August 2024.

Forward-looking Statements

Certain statements in this Report concerning our growth prospects are forward-looking statements involving several risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. While these statements reflect our future expectations, we will not undertake the updating of any forward-looking statements that may be made from time to time by or on behalf of Tata Projects.

Feedback and Suggestions

We welcome your feedback and suggestions on this Report. You may e-mail us at: tpl@tataprojects.com