m Provisions and Contingencies

Provisions are recognised when the Company has a
present legal or constructive obligation as a result of
past events, it is probable that an outflow of resources
will be required to settle the obligation and the amount
can be reliably estimated.

Provisions are measured at the present value of
management's best estimate of the expenditure
required to settle the present obligation at the end of
the reporting period.

A disclosure for contingent liabilities is made when
there is a possible obligation arising from past
events, the existence of which will be confirmed only
by the occurrence or non-occurrence of one or more
uncertain future events not wholly within the control

of the Company or a present obligation that arises
from past events where it is either not probable that
an outflow of resources embodying economic benefits
will be required to settle or a reliable estimate of the
amount cannot be made.

n Earnings per Share

(i) Basic Earnings per Share

Basic earnings per share is calculated by dividing:

• the profit attributable to owners of the
Company

• by the weighted average number of equity
shares outstanding during the financial year

(ii) Diluted Earnings per Share

Diluted earnings per share adjusts the figures
used in the determination of basic earnings per
share to take into account:

• the weighted average number of additional
equity shares that would have been
outstanding assuming the conversion of all
dilutive potential equity shares, if any.

o Rounding of amounts

All amounts disclosed in the standalone financial
statements and notes have been rounded off to the
nearest Lakhs (with two places of decimal) as per the
requirement of Schedule III, unless otherwise stated.

p Recent accounting pronouncements- Standard issued
but not yet effective

Ministry of Corporate Affairs ("MCA") notifies new
standards or amendments to the existing standards
under Companies (Indian Accounting Standards) Rules
as issued from time to time. For the year ended March
31, 2024, MCA has not notified any new standards or
amendments to the existing standards applicable to
the Company.

| 2 | CRITICAL ESTIMATES AND JUDGEMENTS

The preparation of standalone financial statements in
conformity with Ind AS requires management to make
judgements, estimates and assumptions, that affect the

application of accounting policies and the reported amounts
of assets, liabilities, income, expenses and disclosures
of contingent assets and liabilities at the date of these
standalone financial statements and the reported amounts
of revenues and expenses for the years presented. Actual
results may differ from these estimates. Estimates and
underlying assumptions are reviewed at each Balance Sheet
date. Revisions to accounting estimates are recognised
in the period in which the estimate is revised and future
periods affected.

This Note provides an overview of the areas that involved
a higher degree of judgement or complexity, and of items
which are more likely to be materially adjusted due to
estimates and assumptions turning out to be different
than those originally assessed. Detailed information about
each of these estimates and judgements is included in
relevant notes together with information about the basis
of calculation for each affected line item in the standalone
financial statements.

The areas involving critical estimates or judgements are:
Impairment of Trade Receivables - Notes 1(f)(iii) and 21

Impairment of trade receivables is primarily estimated
based on prior experience with and the past due status of
receivables, based on factors that include ability to pay and
payment history. The assumptions and estimates applied
for determining the provision for impairment are reviewed
periodically.

Contingencies - Note 1(m) and Note 30

Legal proceedings covering a range of matters are pending
against the Group. Due to the uncertainty inherent in such
matters, it is often difficult to predict the final outcome.
The cases and claims against the Group often raise factual
and legal issues that are subject to uncertainties and
complexities, including the facts and circumstances of each
particular case/claim, the jurisdiction and the differences in
applicable law. The Group consults with legal counsel and
other experts on matters related to specific litigations where
considered necessary. The Group accrues a liability when
it is determined that an adverse outcome is probable and
the amount of the loss can be reasonably estimated. In the
event an adverse outcome is possible or an estimate is not
determinable, the matter is disclosed.

| 3 | RIGHT OF USE ASSETS AND LEASE LIABILITIES
Company as a Lessee

The Company leases warehouse used for business purposes. The leases typically run for a period of 3 years, with an option to
renew the lease after that date. Lease payments are renegotiated every three years to reflect market rentals.

Information about leases for which the Company is a lessee is presented below

The Company does not face a significant liquidity risk with regard to its lease liabilities as the current assets are sufficient to
meet the obligations related to lease liabilities as and when they fall due.

The Company has incurred expenses relating to short term leases and leases of low value assets for certain accommodation.
Terms of such lease include option for renewal on mutually agreed terms. There are no restrictions imposed by lease
arrangements and there are no purchase options or sub leases or contingent rents. Operating lease rentals for the year
recognised in Statement of Profit and Loss amounts to Rs. 3.16 Lakhs (2023-24 - Rs. 3.25 Lakhs).

The total cash outflow for leases is Rs. 3.88 Lakhs (2023-24 - Rs. 3.25 Lakhs) for the year, including cash outflow for short term
leases and leases of low value assets.

Rights, preferences and restrictions attached to shares

The Company has only one class of equity shares having a par value of Rs.10/- per share (previous year Rs.10/- per share).
Each shareholder is eligible for one vote per share held. The dividend proposed by the Board of Directors is subject to the
approval of shareholders in the ensuing Annual General Meeting except in case of interim dividend.

In the event of liquidation of the Company, the holder of equity shares are eligible to receive remaining assets of the Company
in proportion to their shareholding.

| 23 | FAIR VALUE MEASUREMENTS

(i) Fair value hierarchy

This section explains the judgements and estimates made in determining the fair values of the financial instruments that are
(a) recognised and measured at fair value and (b) measured at amortised cost and for which fair values are disclosed in the
financial statements. To provide an indication about the reliability of the inputs used in determining fair value, the Company
has classified its financial instruments into the three levels prescribed under the accounting standard. An explanation of each
level follows below:

Level 1: Quoted prices (unadjusted) in active market for identical assets or liabilities.

Level 2: Inputs other than quoted price included within level 1 that are observable for the asset or liability, either directly (i.e. as
prices) or indirectly (i.e. derived from prices).

The fair value of financial instruments that are not traded in an active market is determined using market approach and valuation
techniques which maximise the use of observable market data and rely as little as possible on entity-specific estimates. If
significant inputs required to fair value an instrument are observable, the instrument is included in Level 2.

Level 3: Inputs for the assets or liabilities that are not based on observable market data (unobservable inputs).

If one or more of the significant inputs is not based on observable market data, the fair value is determined using generally
accepted pricing models based on a discounted cash flow analysis, with the most significant inputs being the discount rate
that reflects the credit risk of counterparty.

The fair value of trade receivables, cash and cash equivalents, other bank balances, trade payables and other financial assets
and liabilities is considered to be equal to the carrying amounts of these items due to their short-term nature. The fair values of
unquoted equity instruments were calculated based on cash flows discounted using a current lending rate. They are classified
as level 3 fair values in the fair value hierarchy due to the inclusion of unobservable inputs including counterparty credit risk.

There has been no change in the valuation methodology for Level 3 inputs during the year. The Company has classified certain
financial instruments under Level 3 of the fair value hierarchy. There were no transfers between Level 1 and Level 2 during the
year ended March 31,2025.

The Company has a system-based approach to risk management, anchored to policies and procedures and internal financial
controls aimed at ensuring early identification, evaluation and management of key financial risks (such as market risk, credit
risk and liquidity risk) that may arise as a consequence of its business operations as well as its investing and financing activities.
Accordingly, the Company’s risk management framework has the objective of ensuring that such risks are managed within
acceptable and approved risk parameters in a disciplined and consistent manner and in compliance with applicable regulation.
It also seeks to drive accountability in this regard.

This Note explains the sources of risk which the entity is exposed to and how the entity manages the risk. The Board of
Directors reviews and agrees policies for managing each of these risks, which are summarised below:

(A) Credit risk

Credit risk refers to the risk of default on its obligation by the counterparty resulting in a financial loss. The Company is
exposed to credit risk from its operating activities (primarily Trade Receivables) and from its investing activities (primarily
Deposits with Banks).

Trade receivables

Trade receivables are typically unsecured and are derived from revenue earned from customers. Customer credit risk is
managed subject to the Company’s policy and procedures which involve credit approvals, establishing credit limits and

continuously monitoring the credit worthiness of customers to which the Company grants credit terms in the normal
course of business. The Company’s customer base is large and diverse limiting the risk arising out of credit concentration.
Further, credit is extended in business interest in accordance with business-specific credit policies. The Company’s
exposure to trade receivables on the reporting date, net of expected loss provisions, stood at Rs. 215.91 Lakhs (Rs. 328.08
Lakhs as on March 31,2024)

All overdue customer balances are evaluated taking into account the age of the dues, specific credit circumstances, the
track record of the counterparty etc. On account of adoption of Ind AS 109, the Company uses expected credit loss model
to assess the impairment loss. The Company uses a provision matrix to compute the expected credit loss allowance
for trade receivables. The provision matrix takes into account available external and internal credit risk factors and the
Company’s historical experience with customers.

Other financial assets

Credit risk from balances with banks, term deposits and investments is managed by Company’s finance department.
Investments of surplus funds are made only with approved counterparties who meet the minimum threshold requirements.
The Company monitors ratings, credit spreads and financial strength of its counterparties. As these counter parties are
Government institutions, public sector undertakings with investment grade credit ratings and taking into account the
experience of the Company over time, the counter party risk attached to such assets is considered to be insignificant.

The Company’s maximum exposure to credit risk for the components of the Balance Sheet as of March 31,2025 is the
carrying amounts as disclosed in Note 4, 6.1,6.2, 6.3, 6.4, 6.5 and 6.6.

(B) Liquidity risk

Liquidity risk refers to the risk that the Company fails to honour its financial obligations in accordance with terms of
contract. 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 and to
close out market positions.

Management monitors rolling forecasts of the Company’s liquidity position (including the undrawn credit facilities extended
by banks and financial institutions) and cash and cash equivalents on the basis of expected cash flows. 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.

The following table shows a maturity analysis of the anticipated cash flows including interest obligations for the Company’s
non-derivative financial liabilities on an undiscounted basis (all payable within 12 months), which therefore does not differ
from their carrying value as the impact of discounting is not significant.

The Company does not have Derivative financial liabilities as at the end of above mentioned reporting periods.

(C) Market risk

(i) Foreign currency risk

Foreign currency risk is the risk that the fair value of the future cash flows of a financial instrument will fluctuate because
of changes in foreign exchange rates. The Company transacts business in local currency, therefore there is no exposure
to foreign currency risk.

(ii) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of
changes in market interest rates. The Company engages in financing activities at market linked rates, any changes in the
interest rate environment may impact future rates of borrowings.

The exposure of the Company’s financial assets and financial liabilities to interest rate risk is as follows:

Increase/ decrease of 50 basis points (holding all other variables constant) in interest rates at the balance sheet date
would result in increase/decrease of Rs. Nil (March 31, 2024 - Rs. Nil) in interest expense on financial liabilities with
floating interest rate and corresponding impact on profit before tax for the year ended March 31,2025.

The Company invests its surplus funds in fixed deposits and mutual funds. Fixed deposits are held with highly rated banks
and have a short tenure and are not subject to interest rate volatility.

(iii) Securities price risk

The Company invests in mutual fund schemes of leading fund houses. Such investments are susceptible to market
price risk that will fluctuate due to changes in market traded prices, which may impact the return and value of such
investments. The value of investments in such mutual fund schemes as at March 31,2025 is Rs. 721.83 Lakhs (March
31,2024 - Rs. 201.51 Lakhs). Accordingly, fair value fluctuations arising from market volatility is recognised in Statement
of profit and loss.

| 25 | CAPITAL MANAGEMENT
(a) Risk management

The Company’s objectives when managing capital are to

• safeguard their ability to continue as a going concern, so that they can continue to provide returns for shareholders
and benefits for other stakeholders, and

• maintain an optimal capital structure to reduce the cost of capital.

In order to maintain or adjust the capital structure, the Company may adjust the amount of dividends paid to shareholders,
return capital to shareholders, issue new shares or sell assets to reduce debt.

The Company does not have any debt, hence the Debt-to-Equity ratio is Nil as on March 31,2025 and as on March 31,

2024 respectively.

No changes were made to the objectives, policies or processes for managing capital during the years ended March 31,

2025 and March 31,2024.

The above sensitivity analyses are based on a change in an assumption while holding all other assumptions constant. In
practice, this is unlikely to occur, and changes in some of the assumptions may be correlated. When calculating the sensitivity
of the defined benefit obligation to significant actuarial assumptions, the same method (present value of the defined benefit
obligation calculated with the projected unit credit method at the end of the reporting period) has been applied as when
calculating the defined benefit obligation recognised in the Balance Sheet.

The methods and types of assumptions used in preparing the sensitivity analysis did not change compared to the prior period.

(k) The Company expects to contribute Rs. Nil (Previous Year - Rs. Nil) to the funded gratuity plans during the next financial
year.

(l) The weighted average duration of the defined benefit obligation as at March 31,2025 is 2 years (March 31,2024 - NA).

(II) Post-employment Defined Contribution Plans
(A) Provident Fund

Certain categories of employees of the Company receive benefits from a provident fund, a defined contribution plan. Both the
employee and employer make monthly contributions to a government administered fund at specified percentage of the covered
employee's qualifying salary. The Company has no further obligations under the plan beyond its monthly contributions.

During the year, an amount of Rs. NIL (Previous Year- Rs. NIL) has been recognised as expenditure towards above defined
contribution plans of the Company.

(III) Leave Obligations

The Company provides for accumulation of leave by certain categories of its employees. These employees can carry forward
a portion of the unutilised leave balances and utilise it in future periods or receive cash (only in case of earned leave) in lieu
thereof as per the Company's policy. The Company records a provision for leave obligations in the period in which the employee
renders the services that increases this entitlement.

The total closing provision towards this obligation was Rs. 3.79 Lakhs and Rs. NIL as at March 31,2025 and March 31,2024
respectively. The amount of the provision is presented as current, since the Company does not have an unconditional right to
defer settlement for any of these obligations. However, based on past experience, the Company does not expect all employees
to take the full amount of accrued leave or require payment within the next 12 months. The following amounts reflect leave that
is not expected to be taken or paid within the next 12 months.

However, based on past experience, the Company does not expect all employees to take the full amount of accrued leave or
require payment within the next 12 months. The following amounts reflect leave that is not expected to be taken or paid within
the next 12 months.

(IV) Risk Exposure

Through its defined benefit plans, the Company is exposed to some risks, the most significant of which are detailed below:
Discount rate risk

The Company is exposed to the risk of fall in discount rate. A fall in discount rate will eventually increase the ultimate cost of
providing the above benefit thereby increasing the value of the liability.

Salary growth risks

The present value of the defined benefit plan liability is calculated by reference to the future salaries of plan participants. An
increase in the salary of the plan participants will increase the plan liability.

Demographic risk

In the valuation of the liability, certain demographic (mortality and attrition rates) assumptions are made. The Company is
exposed to this risk to the extent of actual experience eventually being worse compared to the assumptions thereby causing
an increase in the benefit cost.

1T| ADDITIONAL REGULATORY INFORMATIONS

(i) Title Deeds of Immovable Property not held in the name of the Company

The Company does not hold any immovable property in the current financial year and therefore the disclosure requirement
w.r.t the Title Deeds of Immovable Property held in the name of the Company are not applicable to the Company in terms
of Para 6(L)(i) of Part I of Schedule-III of the Act,

(ii) The Fair Valuation of Investment Property is based on the valuation by a Registered Valuer

The Company does not hold any Investment property and therefore the disclosure requirement w.r.t the Fair Value is based
on the valuation by a Registered Valuer is not applicable to the Company in terms of Para 6(L)(ii) of Part I of Schedule-III
of the Act.

(iii) The Revaluation of Property, Plant and Equipment (including Right-of-Use Assets) is based on the valuation by a
Registered Valuer

The Company does not hold Property, Plant and Equipment and therefore the disclosure requirement w.r.t the revaluation
is based on the valuation by a Registered Valuer is not applicable to the Company in terms of Para 6(L)(iii) of Part I of
Schedule-III of the Act.

(iv) The Revaluation of Intangible Assets is based on the valuation by a Registered Valuer

The Company does not hold Intangible Assets and therefore the disclosure requirement w.r.t the Revaluation is based on
the valuation by a Registered Valuer is not applicable to the Company in terms of Para 6(L)(iv) of Part I of Schedule-III of
the Act.

(v) Loans or Advances granted to Promoters, Directors, KMPs and the related parties

The Company has not granted loan to Promoters, Directors, KMPs and the related parties during the year under audit,
therefore the disclosure requirement w.r.t Loans or Advances granted to Promoters, Directors, KMPs and the related
partes in terms of Para 6(L)(v) of Part I of Schedule-III of the Act is not applicable to the Company.

(vi) Capital Work-In-Progress

There is no Capital Work-in-Progress(C-WIP) during the current financial year and therefore the disclosure requirement
w.r.t Capital Work-In-Progress are not applicable to the Company in terms of Para 6(L)(iv) of Part I of Schedule-III of the
Act.

(vii) Intangible Asset Under Development

There is no Intangible Asset Under Development during the current financial year and therefore the disclosure requirement
w.r.t Intangible Asset Under Development are not applicable to the Company in terms of Para 6(L)(vii) of Part I of Schedule-
III of the Act.

(viii) Details of Benami Property held:

Neither any proceedings have been initiated nor any proceedings are pending against the Company for holding any
Benami Property under the Benami Transactions (Prohibition) Act, 1988 and the Rules made thereunder.

In view of this, the disclosure requirement in terms of Para 6(L)(viii) of Part I of Schedule-III of the Act are not applicable
to the Company.

(ix) Quarterly Returns or Statements of Current Assets and reconciliation thereof

The Company has not borrowed any money either from banks or financial institutions on the basis of security of current
assets and therefore disclosure requirement as to Quarterly Returns or statements of current assets and reconciliation
thereof in terms of Para 6(L)(ix)(a) of Part I of Schedule-III of the Act are not applicable to the Company.

(x) Wilful Defaulter

The Company has not been declared as Wilful Defaulter by any Bank or Financial Institutions or other lender and therefore,
the disclosure requirement w.r.t Wilful Defaulter in terms of Para 6(L)(x) of Part I of Schedule-III of the Act are not applicable
to the Company.

(xi) Relationship with Struck Off Companies

The Company has not entered into transactions with companies struck off under Section 248 of the Companies Act, 2013
or Section 560 of Companies Act, 1956 and therefore disclosure requirement w.r.t Relationship with Struck Off Companies
in terms of Para 6(L)(xi) of Part I of Schedule-III of the Act is not applicable to the Company.

(xii) Registration of charges or satisfaction with Registrar of Companies

The Company never borrowed any money from any lenders and therefore neither the registration of charges nor the
satisfaction of charges were required with Registrar Of Companies and hence disclosure requirement as to Registration
of Charges or Satisfaction with Registrar of Companies in terms of Para 6(L)(xii) of Part I of Schedule-III of the Act is not
applicable to the Company.

(xiii) Compliance with Number of Layers of Companies

No investment has been made in any company, thus the disclosure requirement w.r.t Compliance with number of layers
of Companies in terms of Para 6(L)(xiii) of Part I of Schedule-III of the Act is not applicable to the Company.

(xiv) Compliance with Approved Scheme(s) of Arrangements

During the year, no Scheme of Arrangements have been approved by the Competent Authority in terms of Sections 230 to
237 of the Companies Act, 2013 and therefore, the disclosure requirement w.r.t Compliance with Approved Scheme(s) of
Arrangements in terms of Para 6(L)(xv) of Part I of Schedule-III of the Act is not applicable to the Company.

(xv) Utilizasion of Borrowed Funds and Share Premium

A. During the year, the Company has not advanced or loaned or invested funds (either borrowed funds or share premium
or any other sources or kind of funds) to any other person(s) or entity(ies), including Foreign Entities (Intermediate) and
therefore, disclosure requirement as to Utilizasion of Borrowed Funds and Share Premium in terms of Para 6(L)(xvi)(A) of
Part I of Schedule-III of the Act are not applicable to the Company.

B. During the year, the Company has not received funds from any person(s) or entity(ies), including Foreign Entities
(Funding Party) and therefore, disclosure requirement as to Utilizasion of Borrowed Funds and Share Premium in terms of
Para 6(L)(xvi)(B) of Part I of Schedule-III of the Act are not applicable to the Company.

(xvi) The Company does not have any transaction which is not recorded in the books of accounts that has been surrendered
or disclosed as income during the year 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). Hence, reporting in terms of Para 7(l) of Part II of Schedule-
III - Division II of the Act is not applicable to the Company.

(xvii) The Company is not covered under section 135 of the Companies Act, 2013. Hence, reporting in terms of Para 7(m) of Part
II of Schedule-III of the Act is not applicable to the Company.

(xviii) The Company has neither traded nor invested in Crypto currency or Virtual Currency during the financial year. Hence,
reporting in terms of Para 7(n) of Part II of Schedule-III of the Act is not applicable to the Company.

| 29 | SCHEME OF ARRANGEMENT

Pursuant to the Scheme of Arrangement (the 'Scheme'), duly sanctioned by the National Company Law Tribunal (NCLT),
Kolkata Bench vide Order dated 22 June 2023 ("Order"), with effect from the Appointed Date i.e., April 01 2022, the E-commerce
Distribution Business along with identified non-core assets ('the demerged undertaking ') of the Saregama India Limited
("Demerged Company") including investment in wholly owned subsidiary - Open Media Network Private Limited engaged in
publication business, stands transferred into the "Digidrive Distributors Limited" ('the Resulting Company').

On receipt of the order dated 26 June 2023 from NCLT sanctioning the Scheme and upon filing the same with Registrar of
Companies, Kolkata on 12 July 2023 the Scheme has become effective. Accordingly, the Company has given effect to the
Scheme in the financial statements for the year ended March 31 2023 and has accounted the same as per the pulling of
interest method.

Pursuant to the above Order, the Company has recognised the effect of demerger and the difference of Rs.3,560.66 Lakhs i.e.
excess of the value of transferred assets over the transferred liabilities pertaining to the demerged undertaking pursuant to the
Scheme of Rs.7416.85 Lakhs adjusted with equity share capital issued of Rs.3856.19 Lakhs has been credited to the Capital
Reserve.

33| COMMITMENTS

Estimated amount of contract remaining to be executed on Capital account and not provided for [net of advances of Rs. Nil
(March 31,2024 - Rs. Nil) as at March 31,2025 are estimated at Rs. Nil (March 31,2024 - Rs. Nil).

| 34 | CONTINGENT LIABILITIES

Contingent liabilities of the Company is Rs. Nil as at March 31,2025 (March 31,2024 - Rs. Nil).

"3T| DISCLOSURE OF INVESTMENTS MADE IN RELATED PARTIES REQUIRED UNDER SECTION 186(4) OF THE COMPANIES
ACT, 2013

(a) The Company has invested in equity of Rs. Nil (2023-24 Rs. Nil) during the year in its subsidiary, Open Media Network
private limited for its principal business activities.

36 Previous year’s figures have been regrouped or re-arranged, where considered necessary.

As per our report of even date attached For and on behalf of the Board of Directors of

For Vidya & Co. Digidrive Distributors Limited

Chartered Accountants CIN : L51909WB2022PLC252287

Firm’s Registration No.: 308022E

Jitendra Nagar Alok Kalani Kiran Bandekar

Partner Chairman Managing Director

Membership Number: 055659 DIN: 03082801 DIN: 10245133

Place : Kolkata Place : Kolkata

Asish Kumar Ray Kriti Jain

Chief Financial Officer Company Secretary

M. No. ACS 62248

Place : Kolkata Place : Kolkata Place : Kolkata

Date : May 23, 2025 Date : May 23, 2025 Date : May 23, 2025