(g) Provisions

Provisions are recognized when the Company has a present obligation (legal or constructive) as a result
of a past event, it is probable that an outflow of economic benefits will be required to settle the
obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognized as a provision is the best estimate of the consideration required to settle the
present obligation at the end of the reporting period, taking into account the risks and uncertainties
surrounding the obligation.

When some or ali of the economic benefits required to settle a provision are expected to be
recovered from a third party, the receivable is recognized as an asset, if it is virtually certain that
reimbursement will be received and the amount of the receivable can be measured reliably.

Provisions for onerous contracts are recognized when the expected benefits to be derived by the
Company from a contract are lower than the unavoidabfe costs of meeting the future obligations under
the contract. Provisions for onerous contracts are measured at the present value of lower of the
expected net cost of fulfilling the contract and the expected cost of terminating the contract.

(h) Income Tax

Income tax comprises current and deferred tax. Income tax expense is recognized in the Statement of
Profit and Loss except to the extent it relates to items directly recognized in equity or in other
comprehensive income.

a) Current income tax - Current income tax liability/ (asset) for the current and prior periods are
measured at the amount expected to be recovered from or paid to the taxation authorities
based on the taxable income for the year. The tax rates and tax laws used to compute the
current tax amount are those that are enacted or substantively enacted by the reporting date
and applicable for the year. The Company off sets current tax assets and current tax liabilities,
where it has a legally enforceable right to set off the recognized amounts and where it intends
either to settle on a net basis or to realize the asset and liability simultaneously.

b) Deferred tax - Deferred income tax is recognized using the Balance Sheet approach. Deferred
income tax assets and liabilities are recognized for deductible and taxable temporary
differences arising between the tax base of assets and liabilities and their carrying amount in
Standalone financial statements, except when the deferred income tax arises from the initial
recognition of goodwill or an asset or liability in a transaction that is not a business combination
and affects neither accounting nor taxable profits or loss at the time of the transaction.

Deferred income tax asset is recognized to the extent that it is probable that taxable profit will be
available against which the deductible temporary differences and the carry forward of unused tax
credits and unused tax fosses can be utilized. Deferred income tax liabilities are recognized for all taxable
temporary differences.

The carrying amount of deferred income tax assets is reviewed at each reporting date and reduced to
the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part
of the deferred income tax asset to be utilized.

Deferred income tax assets and liabilities are measured at the tax rates that are expected to apply in
the period when the asset is realized or the liability is settled, based on tax rates (and tax laws) that have
been enacted or substantively enacted at the reporting date.

(i) Cash flow Statement:

Cash flows are reported using the indirect method, whereby profit for the period is adjusted for the
effects of transactions of anon-cash nature, any deferrals or accruals of past or future operating cash
receipt or payments and item of income or expense associated with investing or financing cashflows.
The cash flow from operating, investing and financing activities of the Company are segregated.

(j) Revenue Recognition

The Company derives revenue primarily from production of Advertisement Motion Films. Revenue is
recognized to the extent that it is probable that the economic benefits will flow to the Company, and
the revenue can be reliably measured regardless of when the payment is being made. Revenue excludes
goods and service tax, sales tax and entertainment tax wh ich are collected by the Company on behalf of
the Government and deposited to the credit of respective Governments.

(k) Dividend and dividend distribution tan Final dividends on shares are recorded as a liability on the
date of approval by the shareholders and interim dividends are recorded as a liability on the date of
declaration by the Company's Board of Directors. The Company declares and pays dividends in Indian
rupees and are subject to applicable distribution taxes. The applicable distribution taxes are treated as
an appropriation of profits.

(l) Foreign Currency transactions and transfations Transactions in foreign currency are translated into
the respective functional currencies using the exchange rates prevailing at the dates of the respective
transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and
from the translation at the exchange rates prevailing at reporting date of monetary assets and liabilities
denominated in foreign currencies are recognized in the Statement of Profit and Loss and reported
within foreign exchange gains/ flosses),

Non-monetary assets and liabilities denominated in a foreign currency and measured at historical cost
are translated at the exchange rate prevalent at the date of transaction.

Foreign currency gains and losses are reported on a net basis. This includes changes in the fair value of
foreign exchange derivative instruments, which are accounted at fair value through profit or loss.

fm) Finance Income and expense Finance income consists of interest income on funds invested, dividend
income and fair value gains on the FVTPL financial assets. Interest income is recognized as it accrues in
the statement of profit and loss, using the effective interest method.

Dividend income is recognized in the statement of profit and loss on the date that the Company's right
to receive payment is established.

Finance expenses consist of interest expense on loans and borrowings. Borrowing costs are
recognized in the Statement of Profit and Loss using the effective interest method.

(n) Earnings per share

Basic earnings per equity share is computed by dividing the net profit attributable to the equity holders
of the Company by the weighted average number of equity shares outstanding during the period.

Diluted earnings per equity share is computed by dividing the net profit attributable to the equity
holders of the Company by the weighted average number of equity shares considered for deriving basic
earrings per equity share and also the weighted average number of equity shares that could have been
issued upon conversion of all dilutive potential equity shares. The dilutive potential equity shares are
adjusted for the proceeds receivable had the equity shares been actually issued at fair value (i.e, the
average market value of the outstanding equity shares). Dilutive potential equity shares are deemed
converted as at the beginning of the period, unless issued at a later date. Dilutive potential equity shares
are determined independently for each period presented.

(o) Contingent Liabilities

Contingent liabilities exist 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 will be required or the amount cannot be
reliably estimated. Contingent liabilities are appropriately disclosed unless the possibility of an outflow
of resources embodying economic benefits is remote.

The company has defaulted in timely submission of SEBJ statutory statements and has been late in filing
statements. The basic fine payable is of Rs. 1,03,$2,472 pursuant to SEBI SOP Circular for the period
from March 2014 to March, 2024 as per Information given by the management.

The company has not made provision for above referred contingent liabilities in its financial
statements. In view of the Management, the company is not liable to pay the penalty and has made
representations to the Stock Exchange in this regards.

jp) Contingent Assets

A contingent asset is a possible asset that arises from past events and whose existence wilt be confirmed
only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the
control of the entity. The Company does not recognize a contingent asset.

(q) Events after the reporting period

Adjusting events are events that provide further evidence of conditions That existed at the end of the
reporting period. The standalone financial statements are adjusted for such events before authorisation
for issue.

Non-adjusting events are events that are indicative of conditions that arose after the end of the
reporting period. Non-adjusting events after the reporting date are not accounted,, but disclosed,

(r) Borrowing Costs

Borrowing costs include interest and amortization of ancillary costs incurred to the extent they are
regarded as an adjustment to the interest cost. Costs in connection with the borrowing of funds to the
extent not directly related to the acquisition of qualifying assets are charged to the Statement of Profit
and Loss over the tenure of the loan. Borrowing costs, allocated to and utilised for qualifying assets,
pertaining to the period from commencement of activities relating to construction /development of the
qualifying asset up to the date of capitalisation of such asset is added to the cost of the assets.
Capitalisation of borrowing costs is suspended and charged to the Statement of Profit and Loss during
extended periods when active development activity on the qualifying assets Is interrupted.

During the year company has not incurred any borrowing expenses.

(s) Rounding of amounts

All amounts disclosed in the standalone financial statements and notes have been rounded off to the
nearest rupees as per the requirement of Schedule III, unless otherwise stated.

(t) Goods & Service Tax:

GST credit on materials purchased for production / service availed for production/ input service are
taken into account at the time of purchase and GST credit on purchase of capital items wherever
applicable are taken into account as and when the assets are acquired.

The GST credits so taken are utilized for payment of excise duty/GST on sales. The unutilized GST credit
is carried forward in the books. The GST credits so taken are utilized for payment of tax on goods sold.
The unutilized GST credit, if any, is carried forward in the books.

18. Segment reporting:

The company is engaged in the business of providing Screening and distribution Services, The company
is therefore having one business segment, only.

19. Details of dues to Micro and Small Enterprises as defined under the Micro. Small and Medium
Enterprises Development Act, 2006.

Total creditors as on 31.03.2024 is Rs, 1,02,05,909. Details of classification of creditors into MSME and
non M5ME is not available. In the absence of additional Information, we are not able to comment on
the actual outstanding balance as on March 31, 2024 payable to Micro and Small Enterprises as defined
under the Micro, Small and Medium Enterprises Development Act, 2006.

20. In the opinion of Management, any of the assets other than items of property, plant and
equipment, intangible assets and Non-Current Investments have a value on realization in the
ordinary course of business at least equal to the amount at which they are stated, unless
otherwise stated.

21. On periodical basis and as and when required, the Company reviews the carrying amounts of its
assets and found that there is no indication that those assets have suffered any impairment loss.
Hence, no such impairment loss have been provided in the Financial Year 2023-24 (Previous
YearRs. Nil}

22. Financial Instruments and Risk Management

Risk Management Framework The Company's risk management is governed by policies and
approved by the board of directors. Company's identifies, evaluates and hedges financial risks
in close co- operation with the Company's operating units. The company has policies for overall
risk management, as well as policies covering specific areas, such as - exchange risk, interest
rate risk, credit risk, use of derivative financial instruments and non-derivative financial
instruments.

The audit committee oversees how management monitors compliance with the company's risk
management policies and procedures, and reviews the adequacy of the risk management
framework in relation to the risks faced by the Company. The audit committee is assisted in its
oversight role by internal audit, internal audit undertakes both regular and ad hoc reviews of
risk management controls and procedures, the results of which are reported to the audit
committee.

a. Credit Risk

Credit risk refers to the risk of default on its obligation by the counterparty resulting in a financial loss.
The Company maintains its cash and cash equivalents and bank deposits with banks having good
reputation, good past track record and high quality credit rating and also reviews their creditworthiness
on an on-going basis.The maximum exposure to credit risk at the reporting date is primarily from trade
receivabies. Credit risk has always been managed by the company through credit approvals, establishing
credit limits and continuously monitoring the creditworthiness of customers to which the company
grants credit terms in the normal course of business. On account of the adoption of Ind A5 109, the
company uses ECL model to assess the impairment loss or gain. The company uses a provision matrix to
compute the ECL allowance fortrade receivables and unbilled revenues. The provision matrix takes into
account available external and internal credit risk factors and the company's experience for customers.

The Company reviews trade receivabies on periodic basis and charges to profit and loss account when
management feels the amount will not be receivable in future. The Company also calculates the
expected credit loss [EG.) for non - collection of receivables.

b. Liquid Risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated
with its financial liabilities that are settled by delivering cash or another financial asset, the Company's
approach to managing liquidity is to ensure; as far as possible; that it will have sufficient liquidity to
meet its labilities when they are due, under both normal and stressed conditions, without incurring
unacceptable losses or risking damage to the Company's reputation. Management regularly monitors
the position of cash and cash equivalents visa- vis projections. Assessment of maturity profiles of
financial assets and liabilities Including debt financing plans and maintenance of balance sheet liquidity
ratios are considered whiie reviewing the liquidity position.

Exposure to Liquid Risk:

The following are the remaining contractual maturities of financial liabilities at the reporting date. The
amounts are gross and undiscounted, and include estimated interest payments and exclude the impact
of netting agreements,

c. Market Risk

Market risk is the risk that the fair value or future cash flow of a financial instrument will fluctuate
because of changes in market factors. Market risk comprises two types of risks:

a) Currency Risk

The functional currency of the Company is Indian Rupee. The Company is exposed to currency risk on
account of receivables in foreign currency. Company is exposed to currency risk on account of
receivables in foreign currency. The company does not have any unhedged foreign currency exposure
as on 31/03/2024.

b) Price Risk

As of 31st March 2024, the company has nil exposure on security price risks.

d. Fair value measurement

Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly
transaction between market participants at the measurement date undercurrent market conditions.

The Company categorizes assets and liabilities measured at fair value into one of three levels depending
on the ability to ohserve inputs employed in their measurement which are described as follows:

(a) Level 1 Inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.

(b) Level 2 inputs are inputs that are observable, either directly or indirectly, other than quoted
prices included within level 1 for the asset or liability.

(c) Level 3 inputs are unobservable inputs for the asset or liability reflecting significant
modifications to observable related market data or Company's assumptions about pricing by
market participants.

The carrying amount of cash and cash equivalents, trade receivables, trade payables considered to be
the same as their values due to their short term nature.

27. Previous year's figures have been regrouped and rearranged wherever necessary, to make
them comparable with those of current year.

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

Vi sio n C i nema s Li mi ted C h arte re d A cc ou nta nts Fo r, P radee p K u ma r 0 ev araj & Associate &

Sd/- Sd/- Sd/-

Ranga Vasanih Anitha Vasanth Pradeep Kumar Devaraj

(Director) (Director) (Proprietor)

DIM: 01763289 DIM:01763255 M.Mo,242223

Bangalore, 24^tf1 May, 2024
UDIM;24242223BKCPPX9417