(l) Provisions Contingent Liabilities and Contingent Assets
Provisions are recognized when the Company has a present obligation as a result of past events, for which it is
probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a
reliable estimate of the amount can be made. Contingent liabilities, if material, are disclosed by way of notes to
accounts. Contingent assets are not recognized or disclosed in the financial statements.
(m) Employee Benefits
Short term obligations
Liabilities for wages and salaries, including non-monetary benefits that are expected to be settled wholly within 12
months after the end of the period in which the employees render the related service are recognised in respect of
employees’ services up to the end of the reporting period and are measured at the amounts expected to be paid when
the liabilities are settled. The liabilities are presented as current employee benefit obligations in the balance sheet.
Contribution towards Superannuation Fund, Pension Fund, government administered Provident Fund and Employee
State Insurance Scheme are treated as Defined Contributions Schemes. In respect of contributions made to
Superannuation Fund, Pension Fund, government administered Provident Fund and Employee State Insurance
Scheme, the Company has no further obligations beyond its monthly/yearly contributions. Such Contributions are
recognized as expense in the period in which the employee renders related service.
(n) Contributed Equity
Equity shares are classified as equity
Incremental costs directly attributable to the issue of new shares or options are shown in equity as a deduction, net
of tax, from the proceeds.
(o) Operating leases
Lease where the lessor effectively retains substantially all the risks and rewards of ownership over the lease term are
classified as operating lease. Lease rental income / expenses in respect of operating leases is recognized in accordance
with the Accounting Standard on "Leases” (AS 19).
(p) Inventory
Inventories are valued at the lower of cost and net realizable value.
a) Cost of projector components, stores and spares are ascertained on First in First Out (FIFO) basis.
b) Cost of finished goods comprises of purchase and other costs incurred in bringing the inventories to their present
location and condition.
(q) Earnings per share
Basic earnings per share
Basic earnings per share is calculated by dividing:
(a) the profit attributable to owners of the Company
(b) by the weighted average number of equity shares outstanding during the financial year, adjusted for bonus
elements in equity shares issued during the year.
(r) Segment reporting
Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating
decision maker. The Managing Director of the Company has been identified as being the chief operating decision
maker. Based on the internal reporting to the Chief operating decision maker, the Company has identified that the
Company has only one segment (media and entertainment services) and accordingly there are no other reportable
segments.
(s) Rounding of amounts
All amounts disclosed in the financial statements and notes have been rounded off to the nearest lakhs and decimals
thereof as per the requirements of Schedule III, unless otherwise stated.
30: Contingent Liabilities : NIL
31: Capital Commitments : NIL
32: Confirmation of balances/reconciliation of accounts pertaining to certain advances / creditors / debtors is pending as at year end.
However, the management has adopted those balances in the books of accounts as at year end.
33: The Company does not have any pending litigations as on 31st March 2025 which would impact its financial position.
34: The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable
losses.
35: There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company
36: Previous Year Figures have been regrouped and rearranged wherever necessary, to confirm to current year's classification.
39: Amendments to Schedule III of the Companies Act, 2013
Ministry of Corporate Affairs (MCA) issued notifications dated 24th March, 2021 to amend Schedule III of the Companies Act, 2013 to
enhance the disclosures required to be made by the Company in its financial statements. These amendments are applicable to the
Company for the financial year starting from 1st April 2021 and applied to the standalone financial statements.
a. Certain additional disclosures to the standalone Statement of Changes in Equity such as changes in equity share capital
due to prior period errors and restated balances at the beginning of the current reporting period.
b. Additional disclosures for shareholding of promoters.
c. Additional disclosure for ageing of trade receivables, trade payables, capital work -in -progress.
d. Specific disclosures such as compliance with approved schemes of arrangements, compliance with number of layers
of companies, title deeds of immovable property not held in the name of the Company, loans and advances to
promoters, directors, key managerial personnel (KMP) and related parties tec.”
40: The code on Social Security, 2020 (Code) relating to employee benefits during employment and post-employment benefits
received Presidential assent in September 2020.The Code has been published in the Gazette of India. However, the date on which the
Code will come into effect has not been notified and the final rules / interpretation have not yet being issued. The Company will assess
the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes effective.
41: Additional Regulatory Information:
(i) Details of Benami Property held:
No proceedings have been initiated on or are pending against the company for holding benami property under the Benami
Transactions (Prohibition) Act, 1988 and Rules made thereunder.
(ii) Willful Defaulter
The Company not declared willful defaulter by any bank or financial institution or other lender.
(iii) Relationship with struck of Companies
The Company did not have any material transactions with companies struck off under Section 248 of the Companies Act,
2013 or Section 560 of Companies Act, 1956 during the financial year.
(iv) Registration of Charges of satisfaction with ROC
There are no charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period as
applicable”
(v) Undisclosed Income
During the year, the Company has not surrendered or disclosed any income in the tax assessments under the Income Tax
Act, 1961 (such as, search or survey or any other relevant provisions of the Income Tax Act, 1961). Accordingly, there are
no transaction which are not recorded in the books of accounts.
(vi) Details of Crypto Currency or Virtual Currency
The company has not traded or invested in crypto currency or virtual currency during the current or previous year.
(vii) Compliance with approved Scheme (s) of Arrangements
The company has not entered in to any scheme of arrangement which has an accounting impact on current or financial
year.
(viii) Compliance with number of layers of Companies
The company has complied with the number of layers prescribed under the Companies Act.
(ix) Utilisation of Borrowed Funds and Share premium thro intermediaries or benefit of thirdparty beneficiaries
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:
a. 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
b. Provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries.
The company has not received any fund from any person or entity, including foreign entities (Funding Party) with the
understanding (Whether recorded in writing or otherwise) that the company shall:
a. 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
b. Provide any guarantee, security or the like on behalf of the ultimate beneficiaries.
43: Significant Events after the reporting year
There were no significant adjusting events that occurred subsequent to the reporting period other than the events disclosed in
the relevant notes.
For RAY & RAY FOR AND ON BEHALF OF THE BOARD
Chartered Accountants
Firm Registration No. 301072E
Sd/- Sd/- Sd/-
V. Raman Fayaz Usman Faheed Vasudevan Sridharan
Partner Managing Director Director
Membership No. 019839 (DIN:00252610) (DIN: 07487245)
Sd/- Sd/-
UDIN : 25019839BMIDNC9092 Pakriswamy Saraswathy Chandramouli Banerjee
Place : Chennai Chief Financial Officer Company Secretary
Date : 30.05.2025 (PAN: GPHPS9352K) (PAN: AFPPB2091C)
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