17.2 Terms-'RIghts attached to Equity shares
THe Company has only one class of equity shares having a per face value of Rs 10 per share Each holder of equity shares is entitled lo one vote per share and aB rank pan passu m the event of liquidation of Company, the holders of equity shares wit be entitled to reserve remaining assets of the company after distribution of all preferential amount The distribution vnO be m proportion to the equ«y shares held by the shareholders
Company has filed its responses against these observations / non-compliances of earner years in view of the 2225 hon-ccmpftances are procedural in nature and financial impact if any of these non-compliances *ouid pc g.ven .n the year ,n vtfwch the matter ,s
13.4 Nature and purpose of rosorves:
(a) Securities Premium
Securities Premium Reserve is used to record the premum on issue of shares The reserve is utilised in accordance with tne provision of the Companies Act. 2013
(b) Retained Earnings
These reserves are created by the company for net profits earned after reducing au appropriations and transfers
(c) Othor Comprehensive Income
The reserve represents the re-measurement gams/flosses) arising from the actuanal valuation of the defined benefit obligations of the Company The remeasurement gamsAiosses) are recognised in other comprehensive income and accumulated under this reserve within equity The amounts recognised under this reserve are not recta ssifte d to profit or loss
15.1 The Company had an ootstandng interest-free unsecured loan bebtty of Rs 769 68 lakhs as at 1 Aprt 2025 These loans were primarily obianed « earner penods .rom an erstwMc Sector and a member of the Company however, delated ageing of such balances « not avertable Dunng me year pursuant to negations with the erstwhile director the Company has repaid Rs 265 36 lakhs The remaining balance of Rs 405 81 lakhs has been warved by the erstwhie director and accordingly wntten back m the books of account (Also refer n«c 27) Funner the Company is in ongong discussions with the member for waiver of the outstanding oan and the final settlement is expected to be concluded in the next financial year Pending such settlement, balance confirmation for the outstanding loan liability has been obtained by tne Company as at the balance sheet date The aforesaid loan liability includes (a) Rs 71 65 lakhs received (net of repayment of Rs 91 36 lakns) subsequent to cessation of directorship, and (b) Rs 98 50 lakhs representing loans from a member accepted under the erstwhie Companies Act 1956 which rema n unpaid in accordance with the transitional provisions of the Companies Act. 2013 m respect of tne above loan i,ability, the Company is n the process of regularising non-ccmptances with Sections 73 and 74 of the Compan.es Act. 2013 The consequential financial impact of the non-compliances will be recognised m the books of account upon final resolution of the matter
,di“,n9 10 assessmeni yea's 201M3.2013-14. 2014-15 am) 2017-18 for which Company nap ted rWm pnPat Orcct tax me San,e ^e^y^aw^ W20’4'15 «« 2017 ’a — Ý» Company nap P,5=na,9ap in* ««y *,
b) Provision made towards interest and penalty fa long outstanding statutory dues with respect to Krishi Kalyan Cess. Service tax and Swachh Bharat Cess
20.1 Disclosures of Ind AS 115:
(a) For material accounting policies of revenue recognition, refer note 2.2(h)
(b) Contracts with customer and significant judgement in applying the standard
media monitoring services. The company applies the guidance provided in Ind AS 115 Revenue from contracts with customer' for determining the timing of recognition of revenue
28
Contingent liabilities
Particulars
As at
31st March, 2026
31st March. 2025
Income Tax Liabilities (Also refer note 1 below)
.
1 As per the Income Tax portal there is outstanding demand of Rs 133 55 lakhs (excluding interest) pertaining to assessment years 2012-13. 2014-15 and 2017-18 Out of the above, (a) Rs 85 23 lakhs is payable based on the application filed under Form 1 DTVSV 2024 which will be paid on receipt of Form 2 from the tax authorities and (b) Rs 29 78 lakhs is subject to correction on income tax portal Further, refund of Rs 18 54 lakhs pertaining to assessment year 2025-26 has been adjusted by the income tax authorities against the outstanding demand for assessment year 2012-13 Accordingly, it is not reported as contingent liabilities
2 As per the traces portal there is outstanding demand of Rs 5 75 lakhs pertaining to assessment years 2013-14 to 2019-20 The Company is in the process of filing rectification with income tax authorities and is subject to correction on traces portal and hence it is not report as contingent liabilities
29 Capital and other commitments
There are no capital and other commitments as on 31st March, 2026 and 31st March. 2025
30 a The Company is in the process of regularizing the non-compliances mentioned in the Secretarial audit report issued by the Company Secretary on 5th September 2025 for the financial year 2024-25 In the opinion of the management, these are procedural matters and it does not expect any significant outflow on account of such regularizations
b The Company is in the process of regularizing certain other non-compliances relating to the provisions of the Companies Act. 2013 and the SE8I (Listing Obligations and Disclosure Requirements) Regulations The management is of the view that these are procedural in nature and does not expect any significant outflow arising from such regularization
32 Segment Reporting
The Company's object is to engage in the business of "Media Monitoring" related services In accordance with Ind AS 108 Operating Segments Operating Segments are those segments whose operating results are regularly reviewed by the Company to make decisions about resources to be allocated to the segment and assess its performance Accordingly the company has only one reportable segment i e 'Media Monitoring'
35 Income tax expenses for the previous year comprises of (a) write off of old income tax refund receivable of INR 80 65 lakhs (net of provision) and (b) provision of INR 177 57 lakhs made as per application under the Direct Tax Vivad Se Vishwas Scheme (DTVSV) 2024
37 Employee Benefits
A) Defined contribution plans
The Company makes Provident Fund contnbutions to defined contribution plans for all employees Under the Scheme, the Company is required to attribute a specified percentage of the payroll costs to fund the benefits The Company has recognised Rs 6 65 lakhs (Previous year Rs 6 21 lakhs) for provident fund contributions in the Statement of Profit and Loss which is groupeo under ’’Contributions to provident fund and others" of Note 23 Employee Benefits Expenses
B) Defined benefit plans - unfunded
The actuarial valuation of the present value of the defined benefit obligation has been earned out as at March 31, 2026 The o owing table sets out the amounts recognized in the financial statements as at March 31 2026 for the above mentioned defined benefit plans
38 Capital Management
For the purpose of the Company's capital management, capital includes issued equity capital, securities premium and all other equity reserves attributable to the equity holders of the company The Company maintains its financial framework to support the pursuit of value growth for shareholders, while ensuring a secure financial base
1 he Company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants To maintain or adjust the capital structure, the Company may adjust the dividend payment to shareholders, return capital to shareholders or issue new shares The Company monitors capital using a gearing ratio which is net debt divided by total capital plus net debt The Company includes within net debt loans and borrowings, less cash and cash equivalents Also refer note 50
The financial instruments are categorized into three levels based on the inputs used to arrive at fair value measurements as described below
Level 1 Quoted prices (unadjusted) in the active markets for identical assets and liabilities
Level 2 Valuation techniques for which lowest level input that is significant to the fair value measurement is directly or indirectly observable
Level 3 Valuation techniques for which lowest level input that is significant to the fair value measurement is directly or indirectly unobservable
41 Wilful defaulter
As on 31st March. 2026 the Company has not been declared wilful defaulter by any bank/financial institution or other lender.
42 Details of Crypto currency or Virtual currency
The Company is not engaged in the business of trading or investing in crypto currency or virtual currency and hence no disclosure is
43 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 (ROC) beyond the statutory period as at 31st March. 2026
44 The Company has not advanced any funds or loaned or invested to or in any other person(s) or entities, including foreign entities (ÝIntermediaries"), with the understanding that the intermediary shall whether directly or indirectly lend or invest in other persons or entities identified in any manner by or on behalf of the Company (Ultimate Beneficiaries) or provide any guarantee, security or the like on behalf of ultimate beneficiaries
The Company has not received any funds from any person(s) or entities including foreign entities (‘Funding Parties’) with the understanding that such Company shall whether, 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 provide guarantee, security or the like on behalf of the Ultimate beneficiaries.
45 The Company has not granted any loans or advances in the nature of loans either repayable on demand or without specifying any terms or period for the repayment
46 No proceedings have been initiated or are pending against the Company as on 31st March. 2026 for holding any benami property under the Benami Transactions (Prohibition) Act. 1988 and rules made thereunder.
47 The Company does not have any transaction with companies struck off under section 248 of Companies Act. 2013 or section 560 of Companies Act. 1956 and hence no disclosure is required
48 The Company has not entered into any transaction which is unrecorded and there is no transactions relating to previously unrecorded income that have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act. 1961 (43 of
49 The Company has not entered into any scheme arrangement in terms of section 230 to 237 of the Companies Act. 2013.
50 Corporate Social Responsibility (CSR)
The company is not required to spend on CSR as per section 135 of the Companies Act. 2013.
51 Going Concern
The Company has accumulated losses, the networth of the Company is fully eroded and the Company's current liabilities exceeds its current assets. These conditions indicate there is existence of a material uncertainty that may cast doubt about entity's ability to continue as a going concern. The Company has received commitment from the promoters / management for infusing the funds as and when required for any working capital requirement or any other shortfall that may arise. Accordingly, the financial statements are prepared on a going concern basis.
52 Dunng the year ended 31st March. 2026 the Company has not given any loan, provided any guarantee or security, or made any investment falling under the provisions of Section 186 of the Companies Act. 2013.
53 Additional Information as required by Para 5 of General Instructions for preparation of Statement of Profit and Loss (other than already disclosed) is either Nil or Not applicable or complied with.
54 Previous year's figures have been re-grouped / re-classified where necessary to conform to the current year’s classification