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DIRECTOR'S REPORT

Picturehouse Media Ltd.

You can view full text of the latest Director's Report for the company.
Market Cap. (₹) 39.76 Cr. P/BV -0.55 Book Value (₹) -13.95
52 Week High/Low (₹) 11/6 FV/ML 10/1 P/E(X) 21.74
Bookclosure 27/09/2024 EPS (₹) 0.35 Div Yield (%) 0.00
Year End :2024-03 

We are pleased to present the report on the business and operations of your Company for the year
ended March 31, 2024

1. FINANCIAL SUMMARY

TRS. IN LAKH!

PARTICULARS

STANDALONE

CONSOLIDATED

Summary of Statement of Profit
and Loss:

2023-24

2022-23

2023-24

2022-23

Total Income

49.40

1,379.09

763.16

1,579.09

Operational, Administration, and Other
Expenses

158.66

1,912.54

198.15

2,552.79

Profit/(Loss) Before Depreciation
Interest and Tax

(109.26)

(533.45)

565.01

(973.7)

Depreciation

5.44

26.64

5.54

27.21

Interest and Finance Charges

7.47

5.88

625.01

246.54

Profit / (Loss) Before Exceptional
Items

(122.17)

(565.97)

(65.55)

1,247.45

Exceptional Items

-

1,425.63

-

2,1771.91

Profit / (Loss) Before Tax

(122.17)

(1,991.6)

(65.55)

20,554.47

Tax Expense

-

8.89

-

50.42

Other Comprehensive Income

1.12

(0.17)

-

(0.17)

Profit/ (Loss) after Tax

(121.05)

(2,000.66)

(65.55)

20,503.88

Basic and diluted

(0.23)

(3.83)

(0.13)

39.24

2. PERFORMANCE AND STATE OF AFFAIRS OF THE COMPANY

During the financial year 2023-24, the turnover of the company decreased from Rs. 1379.09 lakhs to Rs.
49.40 lakhs.

3. THE CHANGE IN NATURE OF THE COMPANY'S BUSINESS

During the financial year 2023-24, there was no change in the nature of the Company's business.

4. TRANSFER TO RESERVES

In view of the losses incurred by the Company during the year, the Board of Directors did not propose
to transfer any amount to reserves for the period under review.

5. DIVIDEND

In view of the losses incurred and in order to conserve the resources of the Company, for future Business
operations, the Board of Directors did not recommend any dividend for the financial year ended March
31, 2024.

6. CAPITAL STRUCTURE

During the year, there was no change in the capital structure of the Company.

7. PUBLIC DEPOSITS

The Company did not accept any deposits from the public within the meaning of Chapter V of the Act,
2013, read with the Companies (Acceptance of Deposits) Rules, 2014 for the year ended March 31, 2024.

8. INSURANCE

All the properties of the Company have been adequately insured.

9. PARTICULARS OF LOANS, GUARANTEES, AND INVESTMENTS

Loans, guarantees, and investments covered under Section 186 of the Companies Act, 2013 form part
of the Note No. 52 to the financial statements provided in this Annual Report.

10. RELATED PARTY TRANSACTIONS

All Related Party Transactions are placed before the Audit Committee and the Board for approval. Prior
omnibus approval of the Audit Committee was obtained for the transactions that are foreseen and
repetitive. For all the transactions entered pursuant to the omnibus approval so granted, a statement
giving details of all such transactions is placed before the Audit Committee for their approval on a
quarterly basis. The policy on Related Party Transactions as approved by the Board is posted on the
Company's website
www.pvpcinema.com in accordance with Accounting Standard 18, the Related Party
Transactions are disclosed in the notes to accounts of the Standalone Financial Statements.

11. MATERIAL CHANGES AND COMMITMENTS AFFECTING FINANCIAL POSITION

The company in the board meeting held on 28th Aug 2023 had approved the acquisition of 81% stake
in New Cyberabad City Projects Private Limited from PVP Ventures Limited for a consideration of
Rs.32.56 Crs. The Shareholders approval for the same was obtained by postal ballot dated 31st Aug,
2023. Pursuant to this acquisition the company has become a material subsidiary.

12. DETAILS OF ISSUE OF EQUITY SHARES WITH DIFFERENTIAL RIGHTS, DETAILS OF ISSUE OF
SWEAT EQUITY SHARES-
Not Applicable

13. DETAILS OF LOANS FROM DIRECTORS- Not Applicable

14. DETAILS OF ANY DIRECTOR WHO IS IN RECEIPT OF ANY COMMISSION FROM THE COMPANY
AND WHO IS A MANAGING OR WHOLE-TIME DIRECTOR OF THE COMPANY SHALL NOT BE
DISQUALIFIED FROM RECEIVING ANY REMUNERATION OR COMMISSION FROM ANY
HOLDING COMPANY OR SUBSIDIARY COMPANY OF SUCH COMPANY SUBJECT TO ITS
DISCLOSURE BY THE COMPANY IN THE BOARD'S REPORT-
Not Applicable

15. SUBSIDIARY COMPANIES

The Company and its subsidiaries operate in the verticals of Film Production and Film Financing. As on
March 31, 2024, the Company had following subsidiaries

1. PVP Capital Limited (WOS)

2. PVP Cinema Private Limited (WOS)

3. New Cyberabad City Projects Private Limited

The consolidated financial statements of the Company including its subsidiaries have been prepared in
accordance with Section 129(3) and Section 133 of the Companies Act, 2013 read with the rules made
thereunder and applicable Indian Accounting Standards (Ind AS) along with the Auditor's Report forms
part of this Annual Report. Further, a statement containing salient features of the financial statements
of the subsidiaries in the prescribed format
AOC-1 is appended as Annexure - 1 to the Board's Report.
Hence, a separate report on the performance and financial position of each of the subsidiaries and joint
venture companies is not repeated here for the sake of brevity.

As required under Section 136 of the Companies Act, 2013 the audited financial statements including
the consolidated financial statements and related information of the Company and audited accounts of
each of its subsidiaries are available on the website
www.pvpcinema.com. These documents will also be
available for inspection during business hours at the registered office of the Company and any member
who wishes to get copies of such financial statements may write to the Company for such requirements.

16. MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Management Discussion and Analysis Report for the year under review, as stipulated under Regulation
34 of the SEBI (Listing Obligations & Disclosure Requirement) Regulations, 2015, is presented in a
separate section forming part of the Annual Report.

17. CORPORATE GOVERNANCE

The Company is committed to maintaining the prescribed standards of Corporate Governance. The
Directors adhere to the requirements set out by the Securities and Exchange Board of India's Corporate
Governance practices and have implemented all the mandatory stipulations prescribed. The Report on
Corporate Governance as stipulated under Regulation 34 read with Schedule V of the SEBI (Listing
Obligations & Disclosure Requirement) Regulations, 2015 forms part of the Annual Report.

18. BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

During the year under review there were following changes in the board of the company:

• Mr. NS Kumar, Independent director resigned with effect from 31 May, 2023.

• Mr. Sohrab Chinoy, Independent director resigned with effect from 08 Aug, 2023

• Mr. Subramanian Parameswaran was appointed as Independent director (Additional
Director) with effect from 02 Aug, 2023. The appointment was regularized at the AGM
held on 01 Sep, 2023.

• Mr. Gautam Shahi was appointed as Independent director with effect from 16 Aug, 2023.
The appointment was regularized through postal ballot dated 31 Aug, 2023.

• Mr. Nandakumar Subburaman, Independent director resigned with effect from 24 Aug,
2023.

19. TRAINING AND FAMILIARIZATION PROGRAMS AND ANNUAL BOARD EVALUATION PROCESS

The details of training and familiarization programs and the Annual Board Evaluation process for
directors have been provided under the Corporate Governance Report.

The Independent Directors have submitted the declaration of independence, pursuant to Section 149(7)
of the Companies Act, 2013 stating that they meet the criteria of independence as provided in sub¬
section (6) of Section 149 of the Companies Act, 2013.

The policy on Directors' appointment and remuneration including criteria for determining qualifications
positive attributes, independence of directors, and also remuneration for Key Managerial Personnel and
other employees and the Board evaluation process also forms part of the Corporate Governance Report
as per Section 178(3) of the Companies Act, 2013 is hosted on the Company's website and the web link
thereto is
http://pvpcinema.com/docs/other statutory info/PML-N&RCommPolicy.pdf.

20. BOARD COMMITTEES

Pursuant to the Act, 2013 and the Listing Regulations, the Company has formed all the statutory
Committees namely, the Audit Committee, the Nomination and Remuneration Committee, the Corporate
Social Responsibility Committee, and the Stakeholders' Relationship Committee. Detailed information
about these Committees and relevant information for the year under review are given in the Corporate
Governance Report. There have been no instances where the Board did not accept the recommendations
of its Committees including the Audit Committee.

21. NUMBER OF MEETINGS OF THE BOARD

The Board met seven times through Video Conference during the financial year, and the details of which
are given in the Corporate Governance Report that forms part of this Annual Report. The intervening
gap between any two meetings was well within the period prescribed under the provisions of the
Companies Act, 2013

22. DIRECTORS' RESPONSIBILITY STATEMENT

The financial statements of the Company are prepared as per applicable Accounting Standards as
prescribed under Section 133 read with Rule 7 of the Companies (Accounts) Rules, 2014 and other
applicable provisions, if any. There are no material departures from prescribed accounting standards.
The Directors confirm that:

(i) In preparation of the annual accounts for the financial year ended March 31, 2024 the applicable
accounting standards have been followed along with proper explanation relating to material
departures;

(ii) The directors have selected such accounting policies and applied them consistently and made
judgments and estimates that are reasonable and prudent so as to give a true and fair view of the
state of affairs of the company at the end of the financial year and of the profit and loss of the
company for that period;

(iii) The directors have taken proper and sufficient care for the maintenance of adequate accounting
records in accordance with the provisions of this Act for safeguarding the assets of the company
and for preventing and detecting fraud and other irregularities;

(iv) The directors have prepared the annual accounts on a going concern basis;

(v) The directors have laid down proper internal financial controls, which are adequate and are
operating effectively; and

(vi) The directors have devised proper systems to ensure compliance with the provisions of all
applicable laws and such systems are adequate to operate the company effectively.

23. STATEMENT ON DECLARATION GIVEN BY INDEPENDENT DIRECTORS UNDER SUB-SECTION
(6) OF SEC.149 OF THE COMPANIES ACT, 2013

The independent directors have submitted the declaration of independence, as required pursuant to
sub-section (6) of section 149 of the Companies Act, 2013 stating that they meet the criteria of
independence as provided in sub-section (6) of Section 149.

24. AUDITORS

24.1 Statutory Auditor

M/s RPSV & Co, Chartered Accountants (FRN: 0013151S) are the statutory auditor of the company.

Auditors' Report & Management' Comments on the Qualifications made by statutory auditors

The Report given by the Auditors on the financial statements of the Company is part of the Annual
Report. There has been qualification, reservation, adverse remark or disclaimer given by the Auditors
in their Report.

The Auditors' Report for the financial year 2023-24 is a "qualified report'' for both standalone &
consolidated financial statements.

Auditors Qualification:

On Standalone financial statement:

STANDALONE QUALIFICATION

i. Attention is invited to note no. 43 to the Statement, in relation to inventory i.e., films production
expenses amounting to Rs. 2,956.52 Lakhs, consists of advances granted to artists and co¬
producers. As represented by the Management the film production is under progress with
respect to production of 2 movies costing Rs 76.69 lakhs. In respect of the balance inventory of
Rs 2,879.83 lakhs the Board is confident of recovering the amount from the production houses.
In the absence of documentary evidence as well as the confirmation of balance from the parties
relating to the status of the inventory amounting to Rs 2,879.83 lakhs, we are unable to agree
with the views of the Board. We are of the opinion that realization of inventories is doubtful but
we are also unable to decide the quantum of loss that may arise on account of write down of
inventory

ii. Attention is invited to note no.44 to the Standalone Financial Statements, Investment in wholly
owned subsidiary viz. PVP Capital Limited, Chennai (PVPCL) The subsidiary's net worth stands
at Rs. 581.84 lakhs (negative) as at 31.03.2024. The possibility of liberal cash flow is dim. The
company has also defaulted in statutory dues are not remitted into the Government. PVPCL has
not maintained minimum net owned funds as per RBI Regulations. Under these circumstances,
regulatory authorities may cancel its registration as non-banking finance company. However,
the Board of the Picturehouse Media Limited considers there is no need to provide for impairment
in investment made. We do not agree with that view. But it is difficult to assess correctly the
extent of erosion and the loss arising therefrom.

iii. Note No.46 in the financial statements which indicates that the company is advancing for
production of movies, it is still incurring losses from operations (negative net worth Rs.
4,155.62 lakhs). Adverse key financial ratios, non-payment of statutory dues, impact of our
observations made in preceding paragraphs, and other related factors indicate that there is an
existence of material uncertainty that will cast significant doubt on the company's ability to
continue as a going concern. Our opinion is not modified in respect of this matter.

On consolidated financial statement:

i. Attention is invited to note no.45 to the Consolidated Financial Statements, films production

expenses amounting to Rs. 2,956.52 Lakhs, consists of advances granted to artists and co¬
producers. As represented by the Management the film production is under progress with
respect to production of 2 movies costing Rs. 76.69 lakhs. In respect of the balance inventory
of Rs 2879.83 lakhs the Board is confident of recovering the amount from the production
houses. In the absence of documentary evidence as well as the confirmation of balance from
the parties relating to the status of the inventory amounting to Rs 2873.83 lakhs, we are unable
to agree with the views of the Board . We are of the opinion that realization of inventories is
doubtful but we are also unable to decide the quantum of loss that may arise on account of
write down of inventory.

ii. The independent auditor of subsidiary company viz. PVP Capital Limited in their auditor's report
on the financial statements for the year ended 31st March, 2024 have drawn qualified opinion.

a) The Company is pursuing the realization of dues to the Company and created provisions for
unrealizable amounts. Apart from this the Company is not carrying any main business activity.

b) The Company has not filled the appointment of Company Secretary and Chief Financial
officer (KMP) as per section 203 of the company's act 2013. Default of the mandatory
requirement will result the penalties to the company and Directors.

c) The Company's inability to meets its financial requirements, non-payment of statutory dues,
absence of visual cash flows, the pending legal outcomes and liquidity constraints which doubts
the ability of the company

We draw attention to the following matters in the Notes to the financial statements

a) Note No.49 in the financial statements which indicates that the Companies the net worth
has completely eroded (negative net worth of Rs. 6,552.59 lakhs) and the Group incurring
continuous losses from business operations, existence of adverse key financial ratios, non¬
payment of statutory dues and other related factors indicate that there exists material
uncertainty that will cast significant doubt on the Group's ability to continue as a going
concern. Our opinion is not modified in respect of this matter.

b) The independent auditor of subsidiary company viz. PVP Capital Limited in their auditor's
report on the financial statements for the year ended 31st March, 2024 have drawn Material
Uncertainty relating to Going Concern which indicates as note no. 46 to the Consolidated
Financial Statements, The Company has not maintained the minimum net owned fund of
Rs. 200 Lakhs as per registration and regulation policy of RBI which leads the non¬
compliance and may cancel the registration as NBFC. Along with other points discussed in
basis for qualified opinion, indicates the existence of material uncertainty that may cast
significant doubt about the company's ability to continue as a going concern. However, in
view of the management revised plans and other factors described, the management is of
the view that the going concern basis for accounting is appropriate.

Management Comments on the above qualification:

1. Realisability is significantly dependent on timely completion of production of films and the
commercial viability of the films under production etc. Management is of the view that loans and
advances can be realised at the time of release of the movies and accordingly, the company is
confident of realizing the entire amount of loans with interest and does not foresee any erosion
in carrying value. The management is confident of realising the value at which they are carried
notwithstanding the period outstanding.

2. PVPCL had entered into OTS of Rs.9500 Lacs with Canara Bank. The management considers
there is no need to provide for impairment in investment write down considering its future cash
flows and possibility of receiving the dues from the borrowers.

3. Even though the company is incurring continuous losses, it has succeeded in generating
revenue. This is entirely aligned with the Company's long range plan, which encompasses a
continued development of the Company's revenue generating activities in order to absorb the
losses carried forward and generate profit over a period of time. Further, the lenders have
extended their confidence by advancing finance and extending the time period of repayment.
There is no intention to liquidate and the Company has got future projects to keep improving.
The Company has paid advance amounts to the artistes and technicians for the future movies
productions which are shown under Inventory. The financial statements have been prepared on
a going concern basis based on cumulative input of the available movie projects in pipe line
and risk mitigating factors.

4. The films under production expenses mainly comprising payments to artists and co-producers
the company is evaluating options for optimal utilization of these payments in production and
release of films. The management does not foresee any erosion in carrying value

5. Even though the company is incurring continuous losses, it has generated revenue from movie
business. There is no intention to liquidate the company and has future projects to produce
movies. The financial statements have been prepared on a going concern basis based on the
cumulative inputs of available movie projects in pipeline and risk mitigating factors.

6. Management has evaluating the action plans to realize the dues to the company and settlement
the existing vendors, further the company can carry the movie financing business after taking
necessary approvals from the RBI. Hence management is of the view that the financial
statements shall continue to be prepared on the assumption that the company is a going
concern. The management is taking all efforts to appoint a suitable candidate for the position of
CFO and CS.

7. The management is taking all necessary steps to strengthen the internal control framework.
Note:

1) All the recommendations made by the Audit Committee and Nomination and Remuneration
Committee are taken on record and accepted by the Board of Directors.

2) The Statement of Impact of Auditors Qualifications for the year ended 31st March, 2024 as per
Regulation 34 (2) (a) of SEBI (LODR) Regulations, 2015 can be navigated via OTHER
STATUTORY INFORMATION (pvpcinema.com).

24.2 Secretarial Auditor and Secretarial Audit Report

Pursuant to the provisions of Section 204 of the Act and Rules and Regulation 24A of the Listing
Regulations and other applicable provisions, framed thereunder, as amended, your Company has
appointed M/s. D. Hanumata Raju and Co., Company Secretaries, to undertake the Secretarial Audit of
Picturehouse Media Limited

The Secretarial Audit Report for financial year 2023-24 forms part of Annual Report as Annexure 2 of
the Board's Report.

Auditors Qualification

1. The constitution of Nomination and Remuneration Committee of the Company was not as per the
Regulation 19(1)(c) of SEBI (LODR) Regulations, 2015 and Section 178(1) of Companies Act, 2013
during the period 01.06.2023 to 04.06.2023, 09.08.2023 to 15.08.2023 and 25.08.2023 to 07.11.2023.

2. Recommendation of Nomination and Remuneration Committee was not sought for appointment of
Mr. Gautam Shahi as Independent Director of the company as required under Regulation 19(4) read
with Part D Para A of Schedule II of SEBI (LODR) Regulations, 2015 and Section 178(2) of Companies
Act, 2013.

3. The Company has not obtained prior approval of the shareholders through resolution for the related
party transaction entered with BVR Malls Private Limited for the financial year 2023-24, as required
under Regulation 23(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

4. The Company has delayed by one day in submitting the disclosure of related party transactions for
the half year ended 31.03.2023 as per Regulation 23(9) of Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015 to stock exchange.

5. The Company has intimated about Closure of Trading Window for the quarter ended 31.12.2023 to
the stock exchange in PDF mode on 26.12.2023 and in XBRL mode on 29.12.2023 i.e., beyond 24 hours
of PDF filing, as required under BSE Circular No 20231208-34.

6. The company has made interest free loan to its Wholly owned Subsidiary i.e., PVP Capital Limited
and hence not in compliance with the provisions of Section 186 of the Act.

Management Comments on the above qualification:

1. Due to successive resignations of the independent directors the NRC constitution was not as per
SEBI (LODR) Regulations, 2015. The Company is in compliance with the provisions as on March 31,
2024 and till the date of this report.

2. As on the date of Appointment of Mr. Gautam Shahi, the NRC was not constituted as per SEBI
guidelines so appointment was approved by wider forum that is board members at the respective Board
meeting.

3. The company had undertaken the RPT transaction in the ordinary course of business. The company
has obtained shareholders approval in the AGM held on Sep 30, 2022 for material related party
transactions.

4. The delay in submitting the RPT was due to internal circulation of data.

5. The delay was inadvertent, however public dissemination was done in a timely manner.

6. The Subsidiary companies are not carrying any business, so the parent company is providing interest
free for statutory payments. These transactions are related party transactions for which the Company
obtained omnibus approval from directors. The Company did not lend any amount to its wholly owned
subsidiary.

25. COST RECORDS

Maintenance of cost records as specified by the Central Government under sub-section (1) of section
148 of the Companies Act, 2013, is not required by the Company and accordingly such accounts and
records are not maintained.

26. REPORTING OF FRAUDS

There have been no instances of fraud reported by Statutory Auditors of the Company under Section
143(12) of the Companies Act, 2013 and the Rules framed there under either to the Company or to the
Central Government.

27. STOCK EXCHANGE LISTING

Presently, the Equity Shares of the Company are listed on the BSE Limited (BSE).

28. DETAILS OF APPLICATION MADE OR PROCEEDING PENDING UNDER INSOLVENCY AND
BANKRUPTCY CODE 2016

During the year under review, there were no applications made or proceedings pending in the name of
the company under the Insolvency Bankruptcy Code, 2016.

29. DETAILS OF THE DIFFERENCE BETWEEN VALUATION AMOUNT ON ONE-TIME SETTLEMENT

AND VALUATION WHILE AVAILING LOAN FROM BANKS AND FINANCIAL INSTITUTIONS

During the year under review, there was no one-time settlement or any loans availed from banks or
Public Financial Institutions.

30. MANAGING DIRECTOR AND CHIEF FINANCIAL OFFICER CERTIFICATION

As required under the listing regulations, the Managing Director and the Chief Financial Officer
Certification are attached to this Report.

31. SIGNIFICANT ORDERS AND MATTERS

During the financial year there were no significant orders passed by any Regulators or Courts or
Tribunals which would impact the going concern status of the Company.

32. EXTRACT OF ANNUAL RETURN

In accordance with Section 134 (3)(a) of the Companies Act, 2013, the Annual Return in the prescribed
format is available on the website of the Company http://pvpcinema.com/otherstatutory-information/.

33. INTERNAL FINANCIAL CONTROL

The Company has a well-placed, proper, and adequate Internal Financial Control (IFC) system which
ensures that all assets are safeguarded and protected and that the transactions are authorized, recorded
and reported correctly. This is commensurate with the nature of business and the size and complexity
of the company's operations.

The company also has internal control through sufficient policies and procedures over the recoverability
of advances made for film financing and provides reasonable assurance that such advances would not
affect the company adversely.

34. VIGIL MECHANISM / WHISTLE-BLOWER POLICY

Pursuant to Section 177 of the Companies Act, 2013 and the Rules framed there under and pursuant to
the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the
Company has a Whistle Blower Policy framed to deal with instances of fraud and mismanagement, if
any genuine grievances to the appropriate authority.

The details of the Policy are explained in the Corporate Governance Report and also posted on the
website of the Company
www.pvpcinema.com. During the year under review, the Company has not
received any complaint(s) under the said policy.

35. CORPORATE SOCIAL RESPONSIBILITY

Your Company has in place a CSR Committee in accordance with Section 135 of the Act.. Further, the
CSR Policy as approved by the Board is also available on the website of the company. However CSR is
not applicable for the company during the year under review.

36. PARTICULARS OF EMPLOYEES

The table containing the names and other particulars of employees in accordance with the provisions of
Section 197(12) of the Companies Act, 2013 read with Rules 5(1) and 5(2) of the Companies
(Appointment and Remuneration of Managerial Personnel) Rules, 2014 is appended as
Annexure 2 to
the Board's Report.

37. RISK MANAGEMENT POLICY

The Company has a risk management policy in place with an object to ensure that all the Current and
Future Material Risks of the Company are identified, assessed/quantified, and effective steps are taken
to mitigate/ reduce the effects of the risks to ensure proper growth of the business and there are no
elements of risk, which in the opinion of Board of Directors may jeopardize the existence of the
Company.

38. COMPLIANCE WITH SECRETARIAL STANDARDS

The Company has complied with applicable provisions of the Secretarial Standards issued by the
Institute of Company Secretaries of India and approved by the Government of India under Section
118(10) of the Companies Act, 2013.

39. DISCLOSURE UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION,
PROHIBITION AND REDRESSAL) ACT, 2013

The Company has in place an Anti-Sexual Harassment Policy in line with the requirements of The Sexual
Harassment of Women at the Workplace (Prevention, Prohibition, And Redressal) Act, 2013. Internal
Complaints Committee (ICC) has been set up to redress complaints received regarding sexual
harassment. All employees (permanent, contractual, temporary, trainees) are covered under this policy.

During the financial year ended 31st March 2024, the Company has not received any complaints
pertaining to Sexual Harassment.

40. CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE
EARNINGS/OUTGO

Particulars regarding technology absorption, conservation of energy, and foreign exchange earnings and
outgo required under Section 134 (3)(m) of the Companies Act, 2013 read with Rule 8 of Companies
(Accounts) Rules, 2014 to the extent applicable are as under:

A

CONSERVATION OF ENERGY

The operations of the Company involve low energy consumption. Adequate measures have,
however, been taken to conserve energy.

B

TECHNOLOGY ABSORPTION, ADAPTATION AND INNOVATION

The Company continues to use the latest technologies for improving the quality of its
operations.

C

FOREIGN EXCHANGE EARNINGS AND OUTGO

[Rs. In Lakh]

PARTICULARS

CURRENT

YEAR

PREVIOUS YEAR

Foreign Exchange Earnings

Nil

Nil

Foreign Exchange Outgo

Nil

Nil

Total

Nil

Nil

41. CAUTIONARY STATEMENT

Statements in this Report, particularly those which relate to Management Discussion and Analysis
describing the Company's objectives, projections, estimates, and expectations may constitute
'forward-looking statements' within the meaning of applicable laws and regulations. Actual results may
differ from those either expressed or implied in the statement depending on the circumstances.

42. ACKNOWLEDGEMENTS

The directors acknowledge with gratitude the cooperation and assistance received from the bankers,
actors, technicians, directors, production houses, shareholders, government agencies, and other
business associates. The Directors wish to place on record their deep sense of appreciation for the
committed services by the employees of the Company.

For and on behalf of the Board of Directors

Sd/- Sd/-

Date: 12.08.2024 Prasad V. Potluri Subramanian Parameswaran

Place: Chennai Managing Director Independent Director

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Investors should be cautious on unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of systemic wrongdoing, potential frauds or unethical behavior through the anonymous portal facility provided on BSE & NSE website.
Attention Investors :
Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 andNSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month….. Issued in the interest of Investors.
“Investment in securities market are subject to market risks, read all the related documents carefully before investing”.