The Company issued Bonus Shares in the ratio of 940:1 on 7th August 2023 by capitalising the Reserves and Surplus including Share Premium available on that date.
b The Company made an Initial Public Offering of 35,98,000 shares of ^ 10/- each at a Premium of ^ 49/- each on the NSE Emerge Platform. These shares were allotted on 3rd October 2023.
3.2 Terms/rights attached to equity shares
The Company has only one class of equity shares having a par value of ^ 10 per share. Each holder of equity shares is entitled to one vote per share.
In the event of liquidation of the Company, the equity shareholders will be entitled to receive the remaining assets of the Company, after distribution of all preferential amounts, if any, in proportion to the number of equity shares held by the shareholders.
a. Term Loan facility from Kotak Mahindra Prime Limited carries interest at a floating rate of Repo rate with a spread of 0.80% p.a., totaling to 10% pa. at the time of sanction and the balance repayable as on 31 March 2025 is 132 monthly installment. The facility is secured by a mortgage of the personal property and personal guarantee of Directors.
b. Term Loan facility was taken on 24 July 2024 from Axis Bank Limited carries interest at a floating rate of Repo rate with a spread of 3.5% p.a., totaling to 10% p.a. at the time of sanction and the balance repayable as on 31 March 2025 is 90 monthly installment. The facility is secured by a mortgage of the personal property and personal guarantee of Directors.
An Overdraft facility of Rs. ^ 800 lakhs which carries interest at a floating rate of Repo rate with a spread of 3.50% p.a., totaling to 10.00% at the time of sanction, annually renewable from date of disbursment. The facility is secured by a mortgage of the personal property and personal guarantee of Directors.
Weighted average number of equity shares has been computed considering shares outstanding at the beginning of the year and the effect of shares issued during the year, including those issued through the Initial Public Offering.
28 Segment Information
The Company is mainly engaged in the business of content creation and licencing and distribution of content. Looking into the nature of business, company is operating under single segment being Media & Entertainment. Hence segment reporting is not applicable to the Company.
a. The Company has filed an appeal pending for disposal in the Hon'ble Sessions Court of Greater Mumbai regarding prosecution for late deposit of TDS amounts pertaining to FY 13-14, FY 14-15 and FY 15-16. The Company has filed compounding applications with the CCIT(TDS) - Mumbai and the same are under consideration. Should these applications be accepted, the Company estimates that the compounding charges for these years will be ^ 249.79 lakhs.
b. The Company has also filed a compounding application with the CCIT(TDS) - Mumbai for the year FY 16-17 and the same is under consideration. Should this application be accepted, the Company estimates that the compounding charges for the said year will be ^ 110.61 lakhs.
32 Additional regulatory information required by Schedule III
(i) Details of Benami Property held
There have been no proceedings initiated or are pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.
(ii) Details of borrowings from banks or financial institutions on the basis of security of current assets
The Company have sanctioned borrowings/facilities from banks on the basis of security of current assets. The quarterly returns or statements of current assets filed by the Company with banks and financial institutions are in agreement with the books of accounts.
(iii) Wilful Defaulter
The Company has not been declared wilful defaulter by any bank of financial institution or government or any other lender.
(iv) Relationship with Struck off Companies
The Company does not have any transactions with the companies struck off under section 248 of Companies Act, 2013 and section 560 of Companies Act, 1956.
(v) Compliance with number of layers of companies
The Company has complied with the number of layers prescribed under the Companies Act, 2013.
(vi) Compliance with approved scheme(s) of arrangements
The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial year.
(vii) Utilisation of borrowed funds and share premium
(A) During the year, the Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (intermediaries) with the understanding that the intermediary shall:
(1) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or
(2) provide any guarantee, security, or the like to or on behalf of the Ultimate Beneficiaries.
(B) During the year, the Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:
(1) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or
(2) provide any guarantee, security, or the like to or on behalf of the Ultimate Beneficiaries.
(viii) Undisclosed Income
The Company has not surrendered or disclosed any transaction, previously unrecorded in the books of account, in the tax assessments under the Income Tax Act, 1961 as income during the year.
(ix) Details of crypto currency or virtual currency
The Company has not traded or invested in crypto currency or virtual currency during the financial year.
(x) Revaluation of PPE
The Company has not revalued its Property, Plant and Equipment or intangible assets during the year ended 31 March 2025.
(xi) Title deed of immovable properties not held in the name of the Company
The title deed of immovable properties are not held in the name of the Company.
(xii) Registration of charges or satisfaction with Registrar of Companies (ROC)
The Company does not have any charges or satisfaction yet to be registered with the Registrar of Companies beyond the statutory period.
(xiii) Corporate Social Responsibility (CSR)
Section 135 of the Companies Act, 2013 is not applicable to the Company for the current financial year.
(xiv) Declaration of dividend
During the year, Company has not declared or paid any dividend.
33. Previous years figures have been reclassified to conform to this year's classification
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