w. Provisions, contingent liabilities and contingent
assets

A provision is recognised when the Company has a
present obligation as a result of past events and it is
probable that an outflow of resources will be required
to settle the obligation, in respect of which a reliable
estimate can be made. Provisions are not discounted
to their present value and are determined based on
management estimate of the amount required to settle
the obligation at the date of the balance sheet. These
are reviewed at each balance sheet date and adjusted
to reflect the current management estimates.

Contingent liabilities are disclosed in respect of possible
obligations that arise from past events, existence of
which would be confirmed by the occurrence or non¬
occurrence of one or more uncertain future events not
wholly within the control of the Company.

Contingent assets are not recognised in the financial
statements. However, it is disclosed only when an inflow
of economic benefits is probable.

x. Earnings per share

Basic earnings per share are computed by dividing net
profit after tax (excluding other comprehensive income)
by the weighted average number of equity shares
outstanding during the year.

Diluted earnings per share adjusts the figures used
in the determination of basic earnings per share after
considering the income tax effect of all finance costs
associated with dilutive potential equity shares, and
the weighted average number of additional equity
shares that would have been outstanding assuming the
conversion of all dilutive potential equity shares.

Potential equity shares are deemed to be dilutive only
if their conversion to equity shares would decrease the
net profit per share.

y. Operating segments

An operating segment is a component of a Company
that engages in business activities from which it may
earn revenue and incur expenses, including revenue
and expenses that relates to transactions with any of
the Company’s other components, for which discrete
financial information is available, and such information
is regularly reviewed by the Company’s Chief Operating
Decision Maker (CODM) to make key decision on
operations of the segments and assess its performance.

z. Non-current assets (or disposal groups) classified as
held for disposal

Assets are classified as held for disposal and stated at
the lower of carrying amount and fair value less costs to
sell. To classify any Asset as “Asset held for disposal” the
asset must be available for immediate sale and its sale
must be highly probable. Such assets or group of assets
are presented separately in the Balance Sheet, in the
line “Assets held for disposal”. Once classified as held
for disposal, these non-current assets are no longer
amortised or depreciated.

NOTE 3: The Ministry of Corporate Affairs (“MCA”) notifies
new standard or amendments to the existing standards under
Companies (Indian Accounting Standards) Rules are issued
from time to time. For the year ended 31 March 2025, MCA
has not notified any new standard or amendment to the
existing standards applicable to the Company.

The present value of the defined benefit obligation calculated with the same method (projected unit credit) as the defined benefit
obligation recognised in the balance sheet. The sensitivity analysis is based on a change in one assumption while not changing all
other assumptions. This analysis may not be representative of the actual change in the defined benefit obligation as it is unlikely
that the change in the assumptions would occur in isolation of one another since some of the assumptions may be co-related.

Compensated absences

The Company has a defined benefit compensated absences plan. Employees are eligible to avail the unutilised accumlated
compensated absences subject to the maximum of forty five days. Leaves accumlated are not encashable. The obligation for
compensated absences is recognised in the same manner as gratuity and net charge to the statement of profit and loss for the
year is ' 10.77 Lakhs (Previous year: net reversal to the statement of profit and loss for the year is ' 5.31 Lakhs).

NOTEE39 SEGMENT INFORMATION
Operating segments

Considering the nature of operations and the manner in which the chief operating decision maker of the Company reviews the
operating results, the Company is engaged primarily in the business of theatrical exhibition and allied activities under the brand
“Movie Max”.Accordingly, in the context of Indian Accounting Standard Ind AS 108 “Operating Segments”, it is considered to
contribute single reportable segment.

NETEEH DISCONTINUED operations

The Company has sold its entire investment in R&H Spaces Private Limited, a material wholly owned subsidiary of the Company, to
Sparsh Vidyut Private Limited on 31 March 2025 after business hours for an enterprise valuation of ' 270 crores. Also, Transquare
Realty Private Limited,Cineline Realty Private Limited & Cineline Industries Private Limited Ceased to be subsidiary with effect from
28 February 2025, 01 August 2024 & 01 August 2024 respectively.

Accordingly as required by Ind AS 105, the results of the same has been classified as “ Profit/(loss) from Discontinued Operations”

The profit/loss of discontinued operations and the resultant profit/loss on disposal has been included in the financial statements
as loss from discontinued operations.

Analysis of profit/ loss for the year from discontinued operations:

The results of the discontinued operations included in the profit for the year are as set below. The comparative results and cash
flow from discontinued operations have been presented as if these operations were discontinued in the prior year as well

| FINANCIAL INSTRUMENTS

The management assessed that cash and bank balances, trade receivables, trade payables, cash credits and other financial
assets and liabilities approximate their carrying amounts largely due to the short-term maturities of these instruments.

The fair values of the financial assets and liabilities are included at the amount at which the instrument could be exchanged in a
current transaction between willing parties, other than in a forced or liquidation sale.

The Company has established the following fair value hierarchy that categorises the values into 3 levels. The inputs to valuation
techniques used to measure fair value of financial instruments are:

• Level 1: This hierarchy uses quoted (unadjusted) prices in active markets for identical assets or liabilities. The fair value of all
equity investments and units of mutual funds which are traded in the stock exchanges is valued using the closing price or
dealer quotations as at the reporting date.

• Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques
which maximise the use of observable market data and rely as little as possible on company specific estimates. The mutual
fund units are valued using the closing Net Asset Value. If all significant inputs required to fair value an instrument are
observable, the instrument is included in Level 2.

• Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in
Level 3.

QOQ3SH ^RISK MANAGEMENT

The Company’s activities expose it to credit risk, liquidity risk and market risk. This note explains the sources of risk which the
entity is exposed to and how the entity manages the risk and the related impact in the financial statements.

The Company’s risk management is carried out by finance team under policies approved by the Board of Directors. The Board
of Directors provide written principles for overall risk management, as well as policies covering specific areas, interest rate risk,
credit risk and investment of excess liquidity.

A) Credit risk

Credit risk is the risk that a customer or counterparty to a financial instrument will fail to perform or pay amounts due to the
Company causing financial loss. It arises from cash and cash equivalents, deposits with banks and financial institutions,
security deposits, loans given and principally from credit exposures to customers relating to outstanding receivables. The
Company’s maximum exposure to credit risk is limited to the carrying amount of financial assets recognised at reporting
date.

The Company continuously monitors defaults of customers and other counterparties, identified either individually or by the
Company, and incorporates this information into its credit risk controls. The Company’s policy is to deal only with creditworthy
counterparties.

In respect of trade and other receivables, the Company is not exposed to any significant credit risk exposure to any single
counterparty or any company of counterparties having similar characteristics. Trade receivables consist of a large number of
customers. The Company has very limited history of customer default, and considers the credit quality of trade receivables
that are not past due or impaired to be good.

The credit risk for cash and cash equivalents and loans is considered negligible, since the counterparties are reputable
organisations with high quality external credit ratings.

B) Liquidity risk

Prudent liquidity risk management implies maintaining sufficient cash and marketable securities and the availability of
funding through an adequate amount of committed credit facilities to meet obligations when due. Due to the nature of the
business, the Company maintains flexibility in funding by maintaining availability under committed facilities.

Management monitors rolling forecasts of the Company’s liquidity position and cash and cash equivalents on the basis of
expected cash flows. The Company takes into account the liquidity of the market in which the entity operates. In addition,
the Company’s liquidity management policy involves projecting cash flows and considering the level of liquid assets
necessary to meet these, monitoring balance sheet liquidity ratios against internal and external regulatory requirements and
maintaining debt financing plans.

Contractual maturities of financial liabilities

The tables below analyse the Company’s financial liabilities into relevant maturity groupings based on their contractual
maturities for all non-derivative financial liabilities. The amounts disclosed in the table are the contractual discounted cash
flows. Balances due within 12 months equal their carrying amounts as the impact of discounting is not significant.

(i) The Company do not have any material pending litigation which would impact its financial position.

(ii) The Company did not have any long-term contracts including derivative contracts for which there were any material
foreseeable losses.

I. The disclosure on the following matters required under Schedule III as amended not being relevant or applicable in case of

the Company, same are not covered such as¬

a) The Company has not traded or invested in crypto currency or virtual currency during the financial year.

b) There are no transactions which are not recorded in the books of account which have been surrendered or disclosed
as income during the year in the tax assessments under the Income Tax Act, 1961.

c) The Company has not been declared wilful defaulter by any bank or financial institution or government or any
government authority.

d) The Company has not entered into any scheme of arrangement.

e) No Registration or satisfaction of charges are pending to be filed with ROC.

f) The provision relating to compliance with number of layers of companies prescribed under clause (87) of section 2 of
the Companies Act is not applicable to the Company.

II. No dividend is declared & paid during the current financial year.

III. a) No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources

or kind of funds) by the Company to or in any other person(s) or entity(ies), including foreign entities (“Intermediaries”),
with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, whether, directly or
indirectly lend to or invest in other persons or entities identified in any manner whatsoever by or on behalf of the
Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

b) No funds have been received by the Company from any person(s) or entity(ies), including foreign entities (“Funding
Parties”), with the understanding, whether recorded in writing or otherwise, that the Company shall, whether, directly
or indirectly, lend to or invest in other persons or entities identified in any manner whatsoever by or on behalf of
the Funding Party (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate
Beneficiaries.

NOTE 46: The Company has no transaction or relation with any company struck off under section 248 of the Companies Act,
2013 or section 560 of Companies Act, 1956 as per the information of struck off companies available on the website of MCA/
ROC.

NOTE 47: The Company has used accounting softwares for maintaining its books of account, which have a feature of recording
audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the respective
softwares except the details given below:

- for one of the accounting software, the feature of audit trail (edit log facility) was not enabled at the application level to log
any data changes upto 31 March 2024.

- for one of the accounting software, the feature of audit trail (edit log facility) was not enabled at the application level and at
the database level to log any data changes upto 15 April 2024.

During the year, there were no instance of audit trail feature being tampered with. Further, the audit trail has been preserved by
the Company as per the statutory requirements for record retention.

1 AUTHORISATION OF FINANCIAL STATEMENTS

These financial statements as at and for the year ended 31 March 2025 (including comparatives) were approved and authorised
for issue by the Board of Directors (BOD) on 12 May 2025.

As per our audit report of even date

For KKC & Associates LLP For and on behalf of the Board of Directors

Chartered Accountants

(Formerly Khimji Kunverji & Co LLP) Rasesh B. Kanakia Himanshu B. Kanakia

Firm Registration No.: 105146W / W100621 Chairman Managing Director

DIN: 00015857 DIN: 00015908

Divesh B Shah

Partner Vipul N. Parekh Dhwani Vora

Membership No.: 168237 Chief Financial Officer Company Secretary

Place: Mumbai Place: Mumbai

Date: 12 May 2025 Date: 12 May 2025