(p) Provisions and Contingent Liabilities

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. Provisions are not recognized for future
operating losses.

Contingent liabilities are disclosed 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 to settle or a
reliable estimate of the amount cannot be made.

Where the likelihood of outflow of resources is
remote, no provision or disclosure as specified in
Ind AS-37 - "Provision, contingent liabilities and
contingent assets” is made.

(q) Employee Benefits

(i) 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 recognized in
respect of employee's services up to the end
of the reporting period and are measured at
the amount expected to be paid when the
liabilities are settled.

(ii) Post-employment obligations

The Company operates the following post¬
employment schemes:

(a) defined benefit plans such as gratuity;

(b) defined contribution plans such
as provident fund

Defined benefit plans:

The Company has taken a Company Gratuity
cum Life Assurance Policy from the Life
Insurance Corporation of India (LIC).

The liability/asset recognized in the balance
sheet in respect of defined benefit gratuity plans
is the present value of the defined obligation
at the end of the reporting period less the fair
value of plan assets. Contributions are made to
LIC in respect of gratuity based upon actuarial
valuation done at the end of every financial year
using 'Projected Unit Credit Method'.

The present value of the defined benefit
obligation is determined by discounting the
estimated future cash outflows by reference
to market yields at the end of the reporting
period on government bonds that have
terms approximating to the terms of the
related obligation.

The net interest cost is calculated by applying
the discount rate to the net balance of the
defined benefit obligation and the fair value
of plan assets. This cost is included in
employee benefit expense in the Statement of
Profit and Loss.

Remeasurement gains and losses arising
from experience adjustments and changes in
actuarial assumptions are recognized in the
period in which they occur, directly in other
comprehensive income. They are included in
retained earnings in the Statement of Changes
in Equity and in the Balance Sheet.

Changes in the present value of the defined
benefit obligation resulting from plan
amendments or curtailments are recognized
immediately in profit or loss as past service cost.

Defined contribution plans:

Contributions to Provident Fund and Pension
Fund are charged to the Statement of
Profit and Loss as incurred. Provident fund
contributions are made to a government
administered provident fund towards which the
Company has no further obligations beyond its
monthly contributions.

(r) Share-Based Payments

Share-based compensation benefits are provided to
employees via "Balaji Telefilms ESOP, 2017” ("BTL
ESOP 2017'') and "Balaji Telefilms ESOP, 2023"
("BTL ESOP 2023'')

The fair value of options granted under the BTL ESOP
2017 and BTL ESOP 2023 scheme is recognised as
an employee benefits expense with a corresponding
increase in equity. The total amount to be expensed
is determined by reference to the fair value of the
options granted:

- excluding any impact of service conditions

- including the impact of any non-vesting
conditions (e.g. the requirement for employees
to save or holdings shares for a specific
period of time)

The total expense is recognised over the vesting
period, which is the period over which all of the
specified vesting conditions are to be satisfied. At the
end of each period, the entity revises its estimates of
the number of options that are expected to vest based
on the service conditions. It recognises the impact of
the revision to original estimates, if any, in profit or
loss, with a corresponding adjustment to equity.

(s) 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 after income tax effect of interest and
other financing costs associated with
dilutive potential equity shares, and

- the weighted average number of additional
equity shares that would have been
outstanding assuming the conversion of
all dilutive potential equity shares.

(t) Rounding of Amounts

All amounts disclosed in the financial statements
and notes have been rounded off to the nearest two
decimal digits after lacs as per the requirement of
Schedule III of the Act, unless otherwise stated.

Note 3: Critical Estimates and Judgements

The preparation of financial statements requires the use
of accounting estimates which, by definition, will seldom
equal the actual results. This note provides an overview
of the areas that involve 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.
Estimates and judgements are continually evaluated.
They are based on historical experience and other
factors, including expectations of future events that
may have a financial impact on the Company and that
are believed to be reasonable under the circumstances.
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 financial statements.

The areas involving critical estimates or judgements are:

Estimated useful life of Property, Plant and Equipment
/Intangible Assets

The Company reviews the useful lives and carrying amount
of property, plant and equipment and intangible assets at
the end of each reporting period. This reassessment may
result in change in depreciation and amortization expense
in future periods.

Estimation of Current Tax Expense and Income Tax
Payable / Receivable

The calculation of Company's tax charge necessarily
involves a degree of estimation and judgement in respect
of certain items whose tax treatment cannot be finally
determined until resolution has been reached with the
relevant tax authority or, as appropriate, through a formal
legal process. The final resolution of some of these
items may give rise to material adjustment to taxable
profits/losses.

Estimation of Defined Benefit Obligation

The Company's obligation on account of gratuity is
determined based on actuarial valuations. An actuarial
valuation involves making various assumptions that
may differ from actual developments in the future.

These include the determination of the discount rate,
future salary increases and mortality rates. Due to the
complexities involved in the valuation and its long-term
nature, this liability is highly sensitive to changes in these
assumptions. All assumptions are reviewed at each
reporting date.

The parameter most subject to change is the discount
rate. In determining the appropriate discount rate, the

Management considers the interest rates of government
bonds in currencies consistent with the currencies of the
post-employment benefit obligation.

The mortality rate is based on publicly available mortality
tables. Those mortality tables tend to change only at
interval in response to demographic changes. Future salary
increases are based on expected future inflation rates.

Estimation of Contingent Liabilities

The Company exercises judgement in measuring and
recognising provisions and the exposures to contingent
liabilities which is related to pending litigation or other
outstanding claims. Judgement is necessary in assessing
the likelihood that a pending claim will succeed, or a
liability will arise, and to quantify the possible range
of the financial settlement. Because of the inherent
uncertainty in this evaluation process, actual liability may
be different from the originally estimated as provision or
contingent liability.

Recognition of Deferred Tax Assets

The recognition of deferred tax assets is based upon
whether it is probable that sufficient taxable profits will
be available in the future against which the reversal
of temporary differences will be offset. In assessing
the realizability of deferred tax assets, the Company
considers the extent to which it is probable that the
deferred tax asset will be realized. The ultimate realization
of deferred tax assets is dependent upon the generation
of future taxable profits during the periods in which those
temporary differences and tax loss carry-forwards become
deductible. The Company considers the expected reversal
of deferred tax liabilities, projected future taxable income
and tax planning strategies in making this assessment.

Impairment of Trade Receivables

Trade receivables are typically unsecured and are derived
from revenue earned from customers. Credit risk has been
managed by the Company through 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 adoption of
Ind AS 109, the Company uses expected credit loss model
to assess the impairment loss or gain. The Company uses
a provision matrix and forward-looking information and
an assessment of the credit risk over the expected life of
the financial asset to compute the expected credit loss
allowance for trade receivables.

Fair valuation

Some of the Company’s assets and liabilities are
measured at fair value for financial reporting purpose. In
estimating the fair value of an asset and liability Company
uses market observable data to the extent available. When
Level 1 inputs are not available, the Company engages
third party qualified valuer to establish the appropriate
techniques and input to valuation model. Information
about the valuation techniques used in determining the
fair value of various assets are disclosed in Note 52.

Determination of Lease Term

In determining the lease term, Management considers all facts
and circumstances that creates an economic incentive to
exercise an extension option, or not to exercise a termination
option. Extension option (or period after termination option)
are only included in the lease term if the lease is reasonably
certain to be extended (or not terminated).

The lease term is reassessed if an option is actually
exercised (or not exercised) or the Company becomes
obliged to exercise it.

The assessment of reasonable certainty is only revised if a
significant event or a significant change in circumstances
occurs, which affects this assessment, and that is within
the control of the lessee.

Inventory

a) Estimation of pattern of amortization of inventory of
internet series:

The Company periodically reviews the expected
pattern of realization of economic benefits relating
to original web series taking into account the to
date and future expected viewing patterns. This
reassessment may result is change in amortization
of content in future periods on a prospective basis.

b) Net realisable value:

is the estimated selling price in the ordinary
course of business less the estimated costs of
completion and costs necessary to make the sale.
The Company evaluates the realizable value and / or
revenue potential of inventory based on the type of
programming asset.

Estimates and judgements are continually evaluated.
They are based on historical experience and other
factors, including expectations of future events
that may have a financial impact on the Company
and that are believed to be reasonable under
the circumstances.

The Company has recognized deferred tax asset on account of accumulated losses and unabsorbed depreciation
of the merged entities considering the expected utilization of unused tax losses aggregating H 9,375.16 Lacs as at
April 1, 2024, based on probability of taxable profits over the period of availability of the tax losses.

In accordance with the Indian Accounting Standard 12 (Ind AS 12) on "Income Taxes”, deferred tax assets and
liabilities should be recognized for all timing differences. However, considering the expected utilisation of unused
tax losses based on future projection and the requirement of the Ind AS 12 the deferred tax asset is not accounted
for, to the extent of H 8,021.14 Lacs as at March 31, 2025 on accumulated tax losses of H 31,867.85 Lacs. However,
the same will be reassessed at subsequent reporting date and will be accounted for in the year in which reasonable
certainty in accordance with the aforesaid Ind AS 12 is established.

(iv) Terms and rights attached to equity shares

The Company has only one class of equity shares having a par value of H 2 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 the
shareholders in ensuing Annual General Meeting except in case of interim dividend. In the event of liquidation of the
Company, the shareholders will be eligible to receive the remaining assets of the Company, after distribution of all
preferential amounts, in proportion to their shareholding.

(v) During the five years immediately preceding March 31, 2025, no shares were bought back and no shares were
issued for consideration other than cash nor as bonus shares.

(vi) Shares reserved for Issue under options

Information relating to Balaji Telefilms Employee Stock Option Scheme, including details of option issued, exercised
and lapsed during the financial year and options outstanding at the end of the reporting period, is set out in Note 51.

(vii) The Board of Directors of the Company approved the allotment of 1,78,59,776 (One Crore Seventy-Eight Lac Fifty
Nine Thousand Seven Hundred and Seventy Six) Equity Shares of the Company of face value of H 2/- (Rupees Two)
each ("Equity Shares”), on preferential basis on February 07, 2025

Nature and purpose of reserves :

A. General Reserve : General reserve is created out of transfer from retained earnings and is a free reserve.

B. Securities Premium account : Securities Premium is created to record the premium on issue of shares. The reserve
is utilised in accordance with the provisions of the Companies Act, 2013.

C. Capital Reserve :Capital Reserve, being consideration over net assets taken over, recognised as per the scheme of
arrangement sanctioned by National Company Law Tribunal in earlier years.

D. Share options outstanding account : The share options outstanding account is used to recognise the grant date fair
value of option issued to employees under Balaji Telefilms ESOP, 2017 and Balaji Telefilms ESOP, 2023.

E. Amalgamation Adjustment Account : Amalgamation Adjustment Account is created on account of merger of Alt
Digital Media Entertainment Limited and Marinating Films Private Limited (refer note 58)

(1) In an earlier year, the company had received a Show Cause Notice (SCN) from the Service Tax Department for the
period April 2008 to March 2010, amounting to H 2943 lacs, related to exports made to one of its customers. In a
similar case involving the company for the earlier period of April 2006 to March 2008, the Service Tax Department
adjudicated in the company's favor and dropped the demand of H 6348 lacs. The Department filed an appeal against
this decision with the Customs, Excise & Service Tax Appellate Tribunal (CESTAT), which was dismissed by the
Hon'ble CESTAT in their order dated March 9, 2016. Subsequently, the Department filed an appeal against this order
with the High Court on October 19, 2016, which is currently pending adjudication.

(2) In the Assessment Years 2010-11 and 2011-12, the Income Tax Department raised a demand on the grounds that
the company had short-deducted TDS on Telecasting fees amounting to H 218.08 lacs. The company contested this
assessment order, and the Hon'ble Mumbai Income Tax Appellate Tribunal (ITAT) dismissed the order. The Income
Tax Department subsequently filed an appeal against the ITAT's order in the Hon'ble High Court of Judicature at
Bombay in February 2018, and the hearing is yet to take place as the appeal is still in the pre-admission stage.

With respect to Income Tax matters, a search was conducted on the company's premises on 30 April 2013. Following
this search, block assessments under section 153A of the Income-tax Act, 1961 (Act) were conducted for the
Assessment Years 2007-08 to 2012-13. The company did not appeal against the additions made in the assessment
orders for these years. However, penalties were levied for these assessment years, which the company challenged
before the Income-tax Appellate Tribunal-Mumbai (ITAT). The company accounted for the penalty amount as an
exceptional item in the financial statements for the year ended March 31,2018.

Subsequently, the ITAT deleted the penalties levied, and the Income Tax Department refunded the penalties
amounting to H1,044.44 lacs along with interest of H138.33 lacs under the Act to the company. This was disclosed
as an exceptional item in the financial statements for the year ended March 31,2021.

Following this, the Income Tax Department preferred an appeal before the Hon'ble High Court (HC) Bombay
challenging the deletion of the penalties by the ITAT. This appeal is still in the pre-admission stage.

Note: Future cash outflow/ uncertainties, if any in respect of above are determinable only on receipt of judgement/
decision pending with various forum/ authorities.

44 The Company has investments in subsidiaries namely Balaji Motion Pictures Limited (BMPL) and Ding Infinity Private
Limited (DING) aggregating to H 1104.26 lacs (Previous year H 1114.16 lacs). Further, the Company has given loans
(including accrued interest) of H 408.70 lacs to BMPL (Previous year H 832.29 lacs)

As at March 31, 2025, the accumulated losses in each of the components have eroded the net-worth. An impairment
provision of H50 lacs has been provided of its investment in DING. However, basis the management evaluation there is no
requirement of impairment provision of its investment in BMPL.

Recoverable amounts for BMPL and DING has been determined with the assistance of external valuation expert , further
subjected by management to sensitivity analysis in terms of expected cash flows, discount rate and terminal growth rate.
The Company is committed to provide financial support to BMPL and DING for a period of at least 12 months from the
date of signature of these financial statements, in case if assistance is needed.

During the Financial year ended March 31, 2025, the Company considered indicators of impairment for investments in
subsidiaries held either directly or indirectly, such as declines in operational performance or changes in the outlook of
future profitability or weaker market conditions, among other potential indicators.

The Company estimated the recoverable amount based on the value in use of the underlying businesses. The computation
uses cash flow forecasts based on the most recent financial budgets and strategic forecasts which covers future
projections taking the analysis into perpetuity. Key assumptions for the value in use computations are those regarding
the discount rates, growth rates, market demand, expected changes to selling prices and costs. Changes in revenue,
costs and demand are based on historical experience and expectations of future changes in the market.

47 Employee Benefits

a) Defined Contribution Plans

The employees and the Company make pre-determined contributions to the provident fund. Amount recognized as
expense amounts to H 64.80 lacs (Previous Year H74.21 lacs)

b) Defined Benefit Plans
Gratuity

The Company operates a gratuity plan covering qualifying employees. The benefit payable is as per the Payment
of Gratuity Act, 1972. The benefit vests upon completion of five years of continuous service and once vested it
is payable to employees on retirement or on termination of employment. In case of death while in service, the
gratuity is payable irrespective of vesting. The Company makes annual contribution to the group gratuity scheme
administered by the Life Insurance Corporation of India through its Gratuity Trust Fund.

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 liability recognised in the Balance sheet.

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

The Company expects to contribute H 51.83 lacs to the gratuity fund during the next financial year. (Previous
Year H 39.14 lacs)

The expected rate of return on plan assets is based on the average long term rate of return expected on investments
of the fund during the estimated term of obligation.

The estimate of future salary increases, considered in actuarial valuation, takes account of inflation, seniority,
promotion and other relevant factors, such as supply and demand in the employment market.

Risk Exposure

Through its defined benefit plans, the Company is exposed to a number of risks, the most significant of which are
detailed below:

Interest rate risk : A fall in the discount rate which is linked to the Government Securities will increase the present
value of the liability requiring higher provision.

Salary Risk : The present value of the defined benefit plan liability is calculated by reference to the future salaries of
members. As such, an increase in the salary of the members more than assumed level will increase the plan's liability.

Investment Risk : The present value of the defined benefit plan liability is calculated using a discount rate which is
determined by reference to market yields at the end of the reporting period on government bonds. If the return on
plan asset is below this rate, it will create a plan deficit. Currently, for the plan in India, it has a relatively balanced
mix of investments in government securities, and other debt instruments.

Asset Liability Matching Risk : The plan faces the ALM risk as to the matching cash flow. Since the plan is invested
in lines of Rule 101 of Income Tax Rules, 1962, this generally reduces ALM risk.

Mortality Risk : Since the benefits under the plan is not payable for life time and payable till retirement age only, plan
does not have any longevity risk.

As at the year-end, the stock options granted under Tranche I and Tranche II of Balaji Telefilms ESOP Scheme 2023 as
referred in Note 51 are dilutive in nature and accordingly diluted earning per share is calculated.

49 Segment Information

The Company has presented data relating to its segments in its consolidated financial statements. Accordingly, in
terms of paragraph 4 of the Indian Accounting Standard (Ind AS 108) "Operating Segments”, no disclosure related to its
segments are presented in the Standalone Financial Statements.

51 Share based payments

The Nomination and Remuneration Committee ("NRC”) of the Board of Directors of the Company has formulated the Balaji Telefilms ESOP, 2017
("the ESOP Scheme 1”) to grant Stock Options to eligible employees of the Company and its subsidiaries. The ESOP Scheme has been adopted
by the NRC by a Resolution passed at its meeting held on February 13, 2018 pursuant to the enabling authority granted under resolution passed
by the members of the Company by way of Postal Ballot or electronic voting held on December 30, 2017. ESOP Scheme has been formulated in
accordance with the provisions of the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 ("the SEBI
Regulations”), as amended.

The NRC, vide a resolution passed at its meeting held on May 19, 2018, and June 20, 2018 has granted Options, 1,663,734 Options on May 19,
2018 and 2,125,239 Options on June 20, 2018 to the eligible employees of the Company and its subsidiaries (as per terms decided by the NRC).

The Options granted would vest over a period of 3 years (Refer Tables 1 and 2 below). Once vested, the option remain exercisable for the period of
3 years from the last vesting date. The options have lapsed during the year.

The NRC, vide a resolution passed at its meeting held on January 8, 2021, granted additional 14,00,000 Employee Stock Options to the eligible
employees of the Company. Each option when exercised would be converted into one equity share of Rs. 2/- each, fully paid up, of the Company.
The resolution passed by NRC on January 8, 2021 included a variation in terms of the Scheme. The variation was that all the options granted under
the aforesaid grant would vest after completion of 12 months from date of grant. Once vested, the option remain exercisable for the period of 3
years from the last vesting date. (Refer Table 3 below)

Furthermore, Additional Options were granted during FY 2021-22 and 2022-23 at the NRC's meetings held as follows:

On February 11,2022, granted 2,50,000 Employee Stock Options to the eligible employees of the subsidiary Company. Each option when exercised
would be converted into one equity share of Rs. 2/- each, fully paid up, of the Company. The Options granted would vest after completion of 12
months from date of grant. Once vested, the option remain exercisable for the period of 3 years from the last vesting date. (Refer Table 4 below)

The Nomination and Remuneration Committee ("NRC”) of the Board of Directors of the Company has formulated the Balaji Telefilms ESOP, 2023
("the ESOP Scheme 2”) to grant Stock Options in the form of Options to the eligible employees of the Company and its subsidiaries. The ESOP
Scheme has been adopted by the NRC by a Resolution passed at its meeting held on February 14, 2023 pursuant to the enabling authority granted
under resolution passed by the members of the Company by way of Postal Ballot or electronic voting held on March 29, 2023 respectively. ESOP
Scheme has been formulated in accordance with the provisions of the Securities and Exchange Board of India (Share Based Employee Benefits)
Regulations, 2014 ("the SEBI Regulations”), as amended.

Options were granted during 2023-24 at the NRC's meetings held as follows:

On November 9, 2023, granted 21,14,552 Employee Stock Options under Balaji Telefilms ESOP scheme, 2023 to the eligible employees of the
Company. Each option when exercised would be converted into one equity share of Rs. 2/- each, fully paid up, of the Company. The Options granted
would vest after completion of 12 months (Refer Table 5 below). Once vested, the option remain exercisable for the period of 3 years from the
last vesting date.

On February 9, 2024, granted 2,50,000 Employee Stock Options under Balaji Telefilms ESOP scheme, 2023 to the eligible employees of the Company.
Each option when exercised would be converted into one equity share of Rs. 2/- each, fully paid up, of the Company. The Options granted would vest
after completion of 12 months (Refer Table 6 below). Once vested, the option remain exercisable for the period of 3 years from the last vesting date.

Options were granted during 2024-25 at the NRC's meetings held as follows:

On November 14, 2024, granted 20,00,000 Employee Stock Options under Balaji Telefilms ESOP scheme, 2023 to the eligible employees of the
Company. Each option when exercised would be converted into one equity share of Rs. 2/- each, fully paid up, of the Company. The Options granted
would vest after completion of 12 months (Refer Table 7 below). Once vested, the option remain exercisable for the period of 3 years from the
last vesting date.

On February 11, 2025, granted 1,00,000 Employee Stock Options under Balaji Telefilms ESOP scheme, 2023 to the eligible employees of the
Company. Each option when exercised would be converted into one equity share of Rs. 2/- each, fully paid up, of the Company. The Options granted
would vest after completion of 12 months (Refer Table 8 below). Once vested, the option remain exercisable for the period of 3 years from the
last vesting date.

When exercisable, each option is convertible into one equity share. The exercise price of the options is based on the stock exchange last closing
market price after deducting 25% discount as determined by the Members of Nomination and Remuneration Committee.

The model inputs for options granted under ESOP Scheme, 2017 during the year ended March 31, 2023, March 31,2022,

March 31,2021 and March 31, 2019 includes:

a) Options are granted for no consideration and vest upon completion of service for a period of one to three years from
the date of grant. Vested options are exercisable for a period of three years after last vesting date.

b) Exercise price as given in the table above for each grant.

c) Grant date as per the table above for each grant.

d) Expiry date as per the table above for each grant.

e) Share price at grant date: H119.80 (Tranche 1), H123.45 (Tranche 2) and H69.65 (Tranche 3), H87.10 (Tranche 6),
H42.50 (Tranche 7) and H 50.80 (Tranche 8)

f) Expected price volatility of the Company’s shares: 46.05% (Tranche 1), 45.87% (Tranche 2), 42.59% (Tranche 3),
43.16% (Tranche 6), 43.41% (Tranche 7) and 43.90% (Tranche 8)

g) Expected dividend yield: 0.91% (Tranche 1 and 2), 0.67% (Tranche 3), 0.62% (Tranche 6), 0.62% (Tranche 7)and
0.62% (Tranche 8)

h) Risk-free interest rate: 7.92% (Tranche 1), 8.05% (Tranche 2), 4.92% (Tranche 3), 5.70% (Tranche 6), 7.25%
(Tranche 7) and 7.04% (Tranche 8)

The model inputs for options granted under ESOP Scheme, 2023 during the year ended March 31, 2025 includes:

a) Options are granted for no consideration and vest upon completion of service for a period of one year from the date
of grant. Vested options are exercisable for a period of three years after last vesting date.

b) Exercise price as given in the table above for each grant.

c) Grant date as given in the table above for each grant.

d) Expiry date as given in the table above for each grant.

e) Share price at grant date: H 73.70 (Tranche I), H 128.40 (Tranche II) , H 58.38 (Tranche III) & H 68.37 (Tranche IV)

f) Expected price volatility of the Company’s shares: 45.60% (Tranche I), 47.64% (Tranche II), 47.06% (Tranche III) &
48.19% (Tranche IV)

g) Expected dividend yield: 0.52% (Tranche I), 0.52% (Tranche II), 0.48% (Tranche III) & 0% (Tranche IV)

h) Risk-free interest rate: 7.38% (Tranche I), 7.24% (Tranche II), 6.86% (Tranche III) & 6.75% (Tranche IV)

The expected price volatility is based on the historic volatility (based on the remaining life of the options).

52 Fair Value Measurements

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 in the principal or, in its absence, the most advantageous market
to which the Company has access at that date. The fair value of a liability reflects its non-performance risk. The best
evidence of the fair value of a financial instrument on initial recognition is normally the transaction price - i.e. the fair
value of the consideration given or received.

The fair value of financial instruments as referred to in note above have been classified into three categories
depending on the inputs used in valuation technique. The hierarchy gives highest priority to quoted prices in
active market for identical assets or liabilities (Level 1 measurement) and lowest priority to unobservable
inputs (Level 3 measurement). The categories used are as follows:

Level-1 Hierarchy includes financial instruments measured using quoted price. Mutual funds are valued at
the closing NAV.

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

Level -3 If one or more of the significant inputs is not based on observable market data, the instrument is
included in level 3.

(ii) Valuation technique used to determine fair value

Specific valuation technique used to value financial instruments include:

1) The mutual funds are valued using closing NAV available in the market.

2) Fair value of remaining Financial instrument determined using discounted cash flow analysis

Credit risk arises when a counterparty defaults on its contractual obligations to pay resulting in financial loss to the
Company. The Company deals with creditworthy counterparties as a means of mitigating the risk of financial loss
from defaults. The Company uses publicly available financial information and its own trading records to rate its
major customers. The Company's exposure and credit ratings of its counterparties are regularly monitored and the
aggregate value of transactions concluded is spread amongst counterparties.

(i) Credit Risk Management

Financial instruments and cash deposits

The Company maintains exposure in cash and cash equivalents, term deposits with banks and investments
in mutual funds. The Company has diversified portfolio of investment with various number of counter-parties
which have good credit ratings and hence the risk is reduced. The credit worthiness of such banks and financial
institutions is evaluated by the management on an ongoing basis and is considered to be good. As a practice,
the Company only invests with high rated banks/institutions.

The Company’s maximum exposure to credit risk as at March 31, 2025 and March 31, 2024 is the carrying
value of each class of financial assets as disclosed in note 52.

Security deposits given to lessors

The Company has given security deposit to lessors for premises leased by it as at March 31, 2025 and March
31, 2024. The credit worthiness of such lessors is evaluated by the management on an ongoing basis and is
considered to be good.

Trade receivables, Unbilled revenue and Contract assets

To measure the expected credit losses, trade receivables,unbilled revenue and contract assets have been
Company based on shared credit risk characteristics and the days past dues. The Contract assets relate to
unbilled work in progress and have substantially the same risk characteristics as the trade receivables for

the same types of contracts. The Company has therefore concluded that the expected loss rates for trade
receivables are a reasonable approximation of the loss rate for the contract assets.

Trade receivables,unbilled revenue and contract assets are typically unsecured and are derived from revenue
earned from customers. Credit risk has 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. Exposures to customers outstanding at the end of each
reporting period are reviewed by the Company to determine incurred and expected credit losses.

The Company measures the expected credit loss of trade receivables, contract assets and other financial
assets which are subject to credit risk, based on historical trend, industry practices and the business
environment in which the entity operates and adjusted for forward looking information. Loss rates are based
on actual credit loss experience and past trends.

The Company has used practical expedient by computing the expected credit loss allowance for trade
receivables based on provision matrix. The provision matrix taken into account historical credit loss experience
and adjusted to reflect current and forward looking information. The expected credit loss allowance is based
on ageing of the days the receivables are due.

Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. The
responsibility for liquidity risk management rests with the Board of directors, which has an appropriate liquidity risk
management framework for the management of the Company’s short-, medium- and long-term funding and liquidity
management requirements. The Company manages liquidity risk by maintaining adequate reserves, banking
facilities by regularly monitoring forecast and actual cash flows.

(C) Market Risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of
changes in market prices. Market risk comprises three types of risk: currency risk, interest rate risk and other price
risk such as equity price risk. The objective of market risk management is to manage and control market risk
exposures within acceptable parameters, while optimising the return.

(a) Foreign currency risk exposure:

The Company’s exposure to foreign currency risk at the end of reporting period expressed in ? lacs,
are as follows:

55 CAPITAL 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 a stable and strong capital structure with a focus on total equity so as to maintain investor, creditors and
market confidence and to sustain future development and growth of its business.

The Company considers the following components of its balance sheet to be managed capital:

Total equity as shown in the balance sheet including reserves, retained earnings and share capital.

In order to maintain or adjust the capital structure, the Company may adjust the amount of dividend paid to shareholders,
return capital to shareholders or issue new shares.

57 Additional regulatory Information required by Schedule III

a) 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 (45 of 1988) and Rules made thereunder.

b) Borrowing secured against current assets

The Company has borrowed funds from banks on the basis of security of current assets and Company's premises.
The quarterly returns/ statements filed by the Company with the bank is in agreement with books of accounts.

c) Wilful defaulter

The Company has not been declared wilful defaulter by any banks or financial institution or government or any
government authority.

d) Relationship with struck off companies

The Company has no transactions with the companies struck off under Companies Act, 2013 or Companies Act, 1956.

e) Compliance with number of layers of companies

The Company has complied with the number of layers prescribed under Companies Act 2013

f) Compliance with approved scheme(s) of arrangements

The Company has complied with the scheme of arrangement which has an accounting impact on current or previous
financial year (Refer note 58).

g) Utilisation of borrowed funds and share premium

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:

i) 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

ii) 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(s) or entity(ies), including foreign entities (Funding Party)
with the understanding (whether recorded in writing or otherwise) that the Company shall:

i) 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

ii) provide any guarantee, security or the like on behalf of the ultimate beneficiaries

h) Undisclosed income

There is no income surrendered or disclosed as income during the current or previous year in the tax assessments
under the Income Tax Act, 1961, that has not been recorded in the books of account.

i) 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.

j) Valuation of PP&E, intangible asset and investment property

The Company has not revalued its property, plant and equipment (including right-of-use assets) during the current
or previous year. There are no intangible assets.

Other Regulatory Information

a) Utilisation of borrowings availed from banks and financials institutions

The borrowings obtained by the Company from banks and financial institutions have been applied for the
purposes for which such loans were was taken.

b) Registration of charges or satisfaction with Registrar of Companies

There are no charges or satisfaction which are yet to be registered with the Registrar of Companies beyond the
statutory period.

58 The Board of Directors in their meeting on May 30, 2024, considered and approved the Draft Composite Scheme
of Arrangement between Balaji Telefilms Limited (the "Company”), Alt Digital Media Entertainment Limited ("Alt”), and
Marinating Films Private Limited ("MFPL”) and their respective shareholders, under sections 230 to 232, read with sections
52 and 66 of the Companies Act, 2013 (the "Scheme”). The Scheme inter alia provides for capital reduction in Alt and the
Company and amalgamation of Alt and MFPL with BTL from the appointed date of April 1,2024 (the "Appointed Date”).

The Company on June 13, 2025 received a certified true copy of the order dated June 10, 2025, from the NCLT, approving the
Scheme which was subsequently filed with the Registrar of Companies, Mumbai on June 20, 2025 (the "Effective Date”).

Upon coming into effect of this Scheme and with effect from the Appointed Date, all the assets, liabilities and reserves of
both the Transferor Companies, have been transferred to and vested in the Company.

The amalgamation has been accounted for in accordance with the "Pooling of Interest Method” of accounting as laid
down in Appendix C of Ind AS 103 (Business combinations of entities under common control). Consequently, all the
corresponding figures in the Standalone Financial statement of the Company for the previous years have been restated
to give effect to the Scheme. The capital reduction in Alt has been given effect to, prior to giving effect to amalgamation
adjustments prescribed by the Scheme.

Further, in accordance with Scheme, the company has given effect to the capital reduction in Alt and the Company.
As a result, an amount of H 69,393.52 Lacs has been adjusted against securities premium account and an amount
of H 1,113.23 Lacs has been adjusted against retained earnings of the Company.

59 The Company had advances/ receivable from one of its co-producer and film director amounting to H 1,619 lacs,
which was under arbitration. During the current year, the Company received an arbitration award (including interest and
legal expenses) in favor of the Company. On receipt of the award, the Company has entered into settlement agreement
with the co-producer for recovering the amounts. Consequently, an amount of H 530 lacs to be recovered in excess of the
amounts receivable as mentioned above have been recognised in the statement of profit and loss account as 'Gain on
arbitration award' under note 34- Other income'.

60 Approval of Financial Statements

The Financial Statements were approved for issue by the Board of Directors on July 3, 2025
As per our report of even date

For Deloitte Haskins & Sells LLP For and on behalf of the Board of Directors

Chartered Accountants

Firm Registration No. 117366W / W-100018

Pallavi Sharma Jeetendra Kapoor Shobha Kapoor

Partner (Chairman) (Managing Director)

Membership No: 113861 (DIN : 00005345) (DIN : 00005124)

Sanjay Dwivedi Tannu Sharma

(Group Chief Executive Officer & (Group Head Secretarial)

Group Chief Financial Officer)

Place : Mumbai Place : Mumbai

Date : July 3, 2025 Date : July 3, 2025