1.00 MATERIAL ACCOUNTING POLICIES

This note provides a list of the material accounting policies adopted in the presentation of these standalone financial
statements.

1.01 BASIS OF PREPARATION

(i) Compliance with Ind AS

The standalone financial statements comply in all material aspects with Indian Accounting Standards (“Ind AS”)
notified under Section 133 of the Companies Act, 2013 (“the Act”), and relevant rules issued thereunder. In accordance
with proviso to the Rule 4A of the Companies (Accounts) Rules, 2014, the terms used in these financial statements
are in accordance with the definitions and other requirements specified in the applicable Accounting standards.

(ii) Historical cost convention

The standalone financial statements have been prepared on a historical cost basis, except for certain financial assets
and liabilities which are measured at fair value;

(iii) Authorization of standalone financial statements

The standalone financial statements were approved for issue by Board of Directors on April 15, 2025.

1.02 FUNCTIONAL AND PRESENTATION CURRENCY

These standalone financial statements are presented in Indian Rupees (INR), which is also the Company’s functional
currency. All amounts disclosed in the standalone financial statements and notes have been rounded off to the nearest
lakhs, except where otherwise indicated.

1.03 CURRENT VERSUS NON-CURRENT CLASSIFICATION

The Company presents assets and liabilities in the balance sheet based on current/ non-current classification. An asset is
classified as current if:

(i) it is expected to be realised or intended to be sold or consumed in normal operating cycle

(ii) it is held primarily for the purpose of trading

(iii) it is expected to be realised within twelve months after the reporting period, or

(iv) cash and cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months
after the reporting period.

All other assets are classified as non-current.

A liability is classified as current if:

(i) it is expected to be settled in normal operating cycle

(ii) it is held primarily for the purpose of trading

(iii) it is due to be settled within twelve months after the reporting period, or

(iv) there is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting
period.

All other liabilities are classified as non-current.

Deferred tax assets and liabilities are classified as non-current assets and liabilities on net basis.

All assets and liabilities have been classified as current or non-current as per Company’s normal operating cycle. Based on
the nature of operations, the Company has ascertained its operating cycle as twelve months for the purpose of current and
non-current classification of assets and liabilities.

1.04 USE OF JUDGEMENTS, ESTIMATES & ASSUMPTIONS

While preparing standalone financial statements in conformity with Ind AS, the management makes certain estimates and
assumptions that require subjective and complex judgments. These judgments affect the application of accounting policies
and the reported amount of assets, liabilities, income and expenses, disclosure of contingent liabilities at the statement
of financial position date and the reported amount of income and expenses for the reporting period. Financial reporting
results rely on our estimate of the effect of certain matters that are inherently uncertain. Future events rarely develop exactly
as forecast and the best estimates require adjustments, as actual results may differ from these estimates under different
assumptions or conditions. The management continually evaluate these estimates and assumptions based on the most
recently available information.

Revisions to accounting estimates are recognized in the period in which the estimates are revised and in any future periods
affected. In particular, information about significant areas of estimation uncertainty and critical judgments in applying
accounting policies that have the most significant effect on the amounts recognized in the standalone financial statements
are as below:

Key assumptions and estimation uncertainties

i. Contingencies (Refer note 4.01);

Management judgement is required for assessing the possible outcomes of contingencies, claims and litigation
against the Company and estimating the possible outflow of resources, if any, in respect of contingencies, claim,
litigations.

ii. Evaluation of recoverability of deferred tax assets (Refer note 2.05);

The extent to which deferred tax assets can be recognised is based on the assessment of the probability of the
Company’s future taxable income against which the deferred tax assets can be utilised. The Company uses the
judgement to determine the amount of deferred tax that can be recognised based upon the likely timing and the level
of future taxable profits and business developments.

iii. Measurement of Expected Credit Loss Allowance for Trade Receivables

The Company provides expected credit loss for trade receivables as per simplified approach using provision matrix
on the basis of its historical credit loss experience and adjusted with forward looking information.

iv. Useful lives of Property, Plant and Equipment and Intangible Assets; (Refer note 1.05 and 1.06)

The Company uses its technical expertise along with historical and industry trends for determining the economic life of
an asset/component of an asset. The useful lives are reviewed by management periodically and revised, if appropriate.
In case of a revision, the unamortised depreciable amount is charged over the remaining useful life of an asset.

v. Investment in Financial instruments; (Refer note 4.06)

When the fair values of financial assets and financial liabilities recorded in the balance sheet cannot be measured
based on quoted prices in active markets, their fair value is measured using valuation techniques. The inputs for
valuation techniques are taken from observable markets where possible, but where this is not feasible, a degree of
judgement is required in establishing fair values. Judgements include considerations of inputs such as liquidity risk,
credit risk and volatility. Changes in assumptions about these factors could affect the reported fair value of financial
instruments.

vi. Measurement of defined benefit obligations, key actuarial assumptions (Refer note 4.03); and

The cost of the defined benefit gratuity plan and the present value of the gratuity obligation are determined using
actuarial valuations. An actuarial valuation involves making various assumptions that may differ from actual
developments in the future. These include the determination of the discount rate; future salary increases and mortality
rates. Due to the complexities involved in the valuation and its long-term nature, a defined benefit obligation is highly
sensitive to changes in these assumptions. All assumptions are reviewed at each reporting date.

vii. Impairment test of Tangible and Intangible assets;

The Company determines the recoverable amount of assets by estimating the future cash flows from operations.
The future cash flows comprise forecasts of revenue, operating costs, discount rate, terminal growth and overheads
based on current and anticipated market conditions that have been considered by the management. Such revenue
projections are inherently uncertain due to market conditions and changing customer preferences.

1.05 PROPERTY, PLANT AND EQUIPMENT
Recognition and Measurement

The cost of an item of property, plant and equipment shall be recognised as an asset if, and only if it is probable that future
economic benefits associated with the item will flow to the Company and the cost of the item can be measured reliably.

Property, Plant and Equipment (including Capital work-in-progress) is stated at cost, less accumulated depreciation and
accumulated impairment losses. The initial cost of an asset comprises its purchase price, any costs directly attributable
to bringing the asset into the location and condition necessary for it to be capable of operating in the manner intended by
management, the initial estimate of any decommissioning obligation, if any. The purchase price is the aggregate amount
paid and the fair value of any other consideration given to acquire the asset.

Subsequent costs are included in the asset’s carrying amount or recognised as a separate asset, as appropriate, only when
it is probable that future economic benefits associated with the item will flow to the Company and the cost of the item can
be measured reliably. The carrying amount of any component accounted for as a separate asset is derecognised when
replaced. All other repairs and maintenance are charged to statement of profit and loss during the reporting period in which
they are incurred.

Access Devices on hand at the year end are included in Capital work-in-progress. On installation, such devices are
capitalised.

The residual values and useful lives of Property, Plant and Equipment are reviewed at each financial year end, and changes,
if any, are accounted prospectively.

Derecognition of Property, Plant and Equipment

An item of Property, Plant and Equipment is derecognised upon disposal or when no future economic benefits are expected
to arise from the continued use of the asset. Any gain or loss arising on the disposal or retirement of an item of Property,

Plant and Equipment is determined as the difference between the sales proceeds and the carrying amount of the asset and
is recognised in statement of profit and loss.

Depreciation on Property, Plant & Equipment

Depreciation on Property, Plant & Equipment is provided on straight line method. In accordance with requirements prescribed
under Schedule II of Act, the Company has assessed the estimated useful lives of its Property, Plant & Equipment and has
adopted the useful lives and residual value as prescribed in Schedule II except for the cost of Access devices at the customer
location which are depreciated on straight-line method over a period of eight years based on internal technical assessment.

All assets costing up to ' 5,000 (in ') are fully depreciated in the year of capitalisation.

1.06 INTANGIBLE ASSETS

Intangible assets acquired separately are measured on initial recognition at cost. Following initial recognition, intangible
assets are carried at cost less any accumulated amortisation and accumulated impairment losses. Internally generated
intangibles are not capitalised and the related expenditure is reflected in Statement of profit and loss in the period in which
the expenditure is incurred.

Recognition and Measurement

Intangible assets comprises of Cable Television Franchise and Softwares. Cable Television Franchise represents purchase
consideration of a network that is mainly attributable to acquisition of subscribers and other rights, permission etc. attached
to a network.

Intangible assets with finite useful lives that are acquired are recognized only if they are separately identifiable and the
Company expects to receive future economic benefits arising out of them. Such assets are stated at cost less accumulated
amortization and impairment losses. Intangible assets with indefinite useful lives that are acquired separately are carried at
cost less accumulated impairment losses.

Derecognition of intangible assets

An intangible asset is derecognised on disposal, or when no future economic benefits are expected from use or
disposal. Gains or losses arising from derecognition of an intangible asset, measured as the difference between the net
disposal proceeds and the carrying amount of the asset, are recognised in statement of profit and loss when the asset is
derecognised.

Amortisation of intangible assets

Intangible assets with finite useful lives are amortized on a straight line basis over their useful economic lives and assessed
for impairment whenever there is indication that the intangible asset may be impaired. The amortisation period and the
amortisation method for an intangible asset with a finite useful life are reviewed at each year end. The amortisation expense
on Intangible assets with finite lives and impairment loss is recognised in the Statement of Profit and Loss.

Estimated lives for current and comparative periods in relation to application of straight line method of amortisation of
intangible assets are as follows:

• Softwares are amortized over the license period and in absence of such tenor, over five years.

• Cable Television Franchise are amortized over the contract period and in absence of such tenor, over twenty years.

The estimated useful lives, residual values, amortisation method are reviewed at the end of each reporting period, with the
effect of any changes in estimate accounted for on a prospective basis.

1.07 IMPAIRMENT OF ASSETS (OTHER THAN FINANCIAL ASSETS)

Carrying amount of Tangible assets, Intangible assets, Investments in Joint Venture (which are carried at cost) are tested
for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An
impairment loss is recognised for the amount by which the asset’s carrying amount exceeds its recoverable amount. The
recoverable amount is the higher of an asset’s fair value less costs of disposal and value in use.

In assessing value in use, the estimated future cash flows are 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 the asset. In determining fair
value less costs of disposal, recent market transactions are taken into account. If no such transactions can be identified, an
appropriate valuation model is used.

For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable
cash inflows which are largely independent of the cash inflows from other assets or Company’s assets (cash-generating
units). Non- financial assets other than goodwill that suffered an impairment are reviewed for possible reversal of the
impairment at the end of each reporting period.

1.08 CASH AND CASH EQUIVALENTS

For the purpose of Cash Flow Statement, cash and cash equivalents includes cash on hand, deposits held at call with banks
or financial institutions and bank overdrafts.

Cash and cash equivalents in the balance sheet comprise cash at banks and on hand and short-term deposits with an
original maturity of three months or less, which are subject to insignificant risk of change in value.

For the purpose of statement of cash flows, cash and cash equivalents consist of cash, short-term deposits as defined
above, bank overdrafts and short-term highly liquid investments that are readily convertible to known amounts of cash
and which are subject to insignificant risk of changes in value as they are considered as an integral part of the Company’s
management. Bank overdrafts are shown within borrowings under current liabilities in the balance sheet.

1.09 FINANCIAL INSTRUMENTS

Financial assets and financial liabilities are recognised when a Company becomes a party to the contractual provisions of
the instruments.

Initial Recognition and Measurement - Financial Assets and Financial Liabilities

Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to
the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at fair
value through profit or loss) are added to or deducted from the fair value of the financial assets or financial liabilities, as
appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial assets or financial
liabilities at fair value through profit or loss are recognised immediately in the Statement of Profit and Loss. Since Trade
Receivables do not contain significant financing component they are measured at transaction price.

Classification and Subsequent Measurement: Financial Assets

The Company classifies financial assets as subsequently measured at amortised cost, fair value through other comprehensive
income (“FVTOCI”) or fair value through profit or loss (“FVTPL”) on the basis of following:

- the entity’s business model for managing the financial assets and

- the contractual cash flow characteristics of the financial asset.

Amortised Cost:

A financial asset is classified and measured at amortised cost if both of the following conditions are met:

- It is held within a business model whose objective is to hold assets to collect contractual cash flows and

- the contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on
the principal amount outstanding.

FVTOCI:

A financial asset is classified and measured at FVTOCI if both of the following conditions are met:

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

- the contractual terms give rise on specified dates to cash flows that are solely payments of principal and interest on
the principal amount outstanding.

Movements in the carrying amount are taken through OCI, except for the recognition of impairment gains or losses and
interest revenue which are recognised in profit and loss. When the financial asset is derecognised, the cumulative gain
or loss previously recognised in OCI is reclassified from equity to profit or loss and recognised in other gains/ (losses).
Interest income from these financial assets is included in other income using the effective interest rate method.

FVTPL:

A financial asset is classified and measured at FVTPL unless it is measured at amortised cost or at FVTOCI.

All recognised financial assets are subsequently measured in their entirety at either amortised cost or fair value, depending
on the classification of the financial assets.

Impairment of Financial Assets

The Company assesses on a forward looking basis the expected credit losses associated with its assets carried at amortised
cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk.

Expected Credit Losses are measured through a loss allowance at an amount equal to:

The 12-months expected credit losses (expected credit losses that result from those default events on the financial
instrument that are possible within 12 months after the reporting date);or

Full lifetime expected credit losses (expected credit losses that result from all possible default events over the life of the
financial instrument).

For trade receivables only, the Company applies the simplified approach permitted by Ind AS 109 Financial Instruments,
which requires expected lifetime losses to be recognised from initial recognition of the receivables.

The ECL is measured using a provision matrix that is based on historical credit loss experience, adjusted for current and
forward looking information. The Company uses historical default rates to determine impairment loss on the portfolio of
trade receivables. At every reporting date, these historical default rates are reviewed and changes in the forward looking
estimates are analysed.

For other assets, the Company uses 12 month ECL to provide the impairment loss where there is no significant increase in
credit risk. If there is significant increase in credit risk full lifetime ECL is used.

The Company considers the financial assets to be in default when the debtor is unlikely to pay its credit obligation to the
company in full and it is past due beyond the period considered for loss allowance as per provision matrix.

Credit Impaired Financial Assets :

At each reporting date, the Company assess whether the financial assets carried at amortized cost and debt securities at
FVTOCI are credit impaired. A financial assets is “credit impaired” when one or more event that have a detrimental impact
on the estimated future cash flows of the financial assets have occurred.

Evidence that the financial asset credit impaired include obsevable data about the following events :

(a) significant financial difficulty of the debtor

(b) a breach of contract, such as a default or being past due beyond the period considered for loss allowance as per
provision matrix

(c) the restructuring of a loan or advance by the company on the terms that the company would not consider otherwise

(d) it is becoming probable that the debtor will enter bankruptcy or other financial reorganization

(e) the disappearance of an active market for that financial asset because of financial difficulties.

Classification and Subsequent measurement: Financial Liabilities

The Company’s financial liabilities include trade and other payables, loans and borrowings.

Financial Liabilities at FVTPL:

Financial liabilities are classified as at FVTPL when the financial liability is held for trading or are designated upon initial
recognition as FVTPL.

Gains or losses on financial liabilities held for trading are recognised in the Statement of Profit and Loss.

Other Financial Liabilities:

Other financial liabilities (including borrowings and trade and other payables) are subsequently measured at amortised cost
using the effective interest method.

The effective interest method is a method of calculating the amortised cost of a financial liability and of allocating interest
expense over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash payments
(including all fees and points paid or received that form an integral part of the effective interest rate, transaction costs and
other premiums or discounts) through the expected life of the financial liability, or (where appropriate) a shorter period, to
the net carrying amount on initial recognition.

Derecognition of 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.

Write off:

The gross carrying amount of a financial asset is written off when there no reasonable expectations of recovering a financial
asset in its entirety or a portion thereof. The Company individually makes an assessment with respect to the timing and
amount of write-off based on whether there is a reasonable expectation of recovery. The Company expects no significant
recovery from the amount written off. 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.

Derecognition of Financial Liabilities:

A financial liability is derecognised when the obligation under the liability is discharged or cancelled or expires. Financial
liability is also derecognised when its terms are modified and the cash flows of the modified Liability are substantially
different, in which case a new financial liability based on modified terms is recognised at fair value.

Offsetting Financial Instruments:

Financial assets and liabilities are offset and the net amount is reported 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. The legally enforceable right must not be contingent on future events and must be
enforceable in the normal course of business and in the event of default, insolvency or bankruptcy of the Company or the
counterparty.

1.10 INVESTMENT IN JOINT VENTURE

A joint venture is a type of joint arrangement whereby the parties that have joint control of the arrangement have rights to
the net assets of the joint venture. Joint control is the contractually agreed sharing of control of an arrangement, which
exists only when decisions about the relevant activities require unanimous consent of the parties sharing control.

The Company’s investments in it’s joint venture is accounted at cost and reviewed for impairment at each reporting date in
accordance with the policy described in note 1.07 above.