2.13 Provisions

A provision is recognized if, as a result of a past event,
the Company has a present legal or constructive
obligation that is estimated reliably, and it is probable
that an outflow of economic benefits will be required
to settle the obligation. Provisions are determined by
discounting the expected future cash flows at a pre¬
tax rate that reflects current market assessments of
the time value of money and the risks specific to the
liability.

Onerous contracts

Provisions for onerous contracts are recognized when
the expected benefits to be derived by the Company
from a contract are lower than the unavoidable costs
of meeting the future obligations under the contract.
The provision is measured at the present value of
the lower of the expected cost of terminating the
contract and the expected net cost of continuing with
the contract. Before a provision is established the
Company recognizes any impairment loss on the assets
associated with that contract.

2.14 Earnings per equity 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 earnings 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 of the beginning of the period, unless issued at a later
date. Dilutive potential equity shares are determined
independently for each period presented.

The number of equity shares and potentially dilutive
equity shares are adjusted retrospectively for all periods
presented for any share splits and bonus shares issues
including for changes effected prior to the approval of
the financial statements by the Board of Directors.

2.15 Cash and cash equivalents

Cash and cash equivalents in the balance sheet comprise
cash at banks and on hand, short-term deposits with
an original maturity of three months or less and bank
overdraft that are repayable on demand, which are
subject to an insignificant risk of changes in value.

2.16 Cash flow statement

Cash flows are reported using the indirect method,
whereby profit/ loss for the period is adjusted for
the effects of transactions of a non-cash nature, any
deferrals or accruals of past or future operating cash
receipts or payments and item of income or expenses
associated with investing or financing cash flows. The
cash flows from operating, investing and financing
activities of the Company are segregated.

2.17 Foreign currency transactions and balances

Transactions in foreign currency are recorded at

exchange rates prevailing at the date of transactions.
Exchange differences arising on foreign exchange
transactions settled during the year are recognised in
the statement of profit and loss of the year.

Monetary assets and liabilities denominated in foreign
currencies which are outstanding, as at the close of the
reporting period are translated at the closing exchange
rates and the resultant exchange differences are
recognised in the statement of profit and loss.

Non-monetary assets and liabilities denominated
in foreign currencies that are measured in terms of
historical cost are translated using the exchange rate at
the date of the transaction.

2.18 Employee benefits

2.18.1 Gratuity

The Company provides for gratuity, a defined benefit
retirement plan ('the Gratuity Plan') covering eligible
employees. The Gratuity Plan provides a lump-sum
payment to vested employees at retirement, death,
incapacitation or termination of employment, of an
amount based on the respective employee's salary and
the tenure of employment with the Company.

Liabilities with regard to the Gratuity Plan are determined
by actuarial valuation, performed by an independent
actuary, at each balance sheet date using the projected
unit credit method. The Company recognizes the
net obligation of a defined benefit plan in its balance
sheet as an asset or liability. Gains and losses through
re-measurements of the net defined benefit liability /
(asset) are recognized in other comprehensive income.
The actual return of the portfolio of plan assets, in
excess of the yields computed by applying the discount
rate used to measure the defined benefit obligation
is recognized as other comprehensive income. The
effects of any plan amendments are recognized in net
profits in the statement of profit and loss.

2.18.2 Short-term employee benefits

Short-term employee benefit obligations are measured
on an undiscounted basis and are expensed as the
related service is provided. A liability is recognised
for the amount expected to be paid e.g., under short¬
term cash bonus, if the Company has a present legal or
constructive obligation to pay this amount as a result of
past service provided by the employee, and the amount
of obligation can be estimated reliably.

2.18.3 Provident fund

Eligible employees of the Company receive benefits
from a provident fund, which is a defined contribution
plan. Both the eligible employee and the Company make
monthly contributions to the provident fund plan equal
to a specified percentage of the covered employee's
salary. The Company’s contribution is recognized as

an expense in the statement of profit and loss during
the period in which the employee renders the related
services.

2.18.4 Compensated absences

The Company has a policy on compensated absences
which are both accumulating and non-accumulating
in nature. The expected cost of accumulating
compensated absences is determined by actuarial
valuation performed by an independent actuary at
each balance sheet date using projected unit credit
method on the additional amount expected to be paid/
availed as a result of the unused entitlement that has
accumulated at the balance sheet date. Expense on
non-accumulating compensated absences is recognized
in the period in which the absences occur.

2.19 Share-based payments

The Company recognizes compensation expense
relating to share-based payments in net profit using
fair-value in accordance with Ind AS 102, Share-Based
Payment. The estimated fair value of awards is charged
to income on a straight-line basis over the requisite
service period for each separately vesting portion of
the award as if the award was in-substance, multiple
awards with a corresponding increase to share options
outstanding account.

The employees of the Company are eligible to the
Stock options awards granted by the Company. The
Company accounts for these Stock Options using the
fair value method in accordance with the IND AS 102
- Share-based Payments.

2.20 Leases

Lessor accounting to classify leases as finance or
operating lease.

Lease payments associated with short-terms leases and
leases in respect of low value assets are charged off as
expenses on straight-line basis over lease term or other
systematic basis, as applicable.

At commencement date, the value of "right of use" is
capitalised at the present value of outstanding lease
payments plus any initial direct cost and estimated
cost, if any, of dismantling and removing the underlying
asset and presented as part of Plant, property and
equipment. The right-of-use asset is depreciated over
the shorter of the asset's useful life and the lease term
on a straight-line basis.

Liability for lease is created for an amount equivalent to
the present value of outstanding lease payments and
presented as lease liability. The Company discounted
lease payments using the applicable incremental
borrowing rate for meeting the lease liability.
Subsequent measurement, if any, is made using cost
model.

Each lease payment is allocated between the liability
created and finance cost. The finance cost is charged to
the Statement of Profit and loss over the lease period
so as to produce a constant periodic rate of interest on
the remaining balance of the liability for each period.

Lease modifications, if any are accounted as a separate
lease if the recognition criteria specified in the standard
are met.

2.21 Borrowing costs

Borrowing costs consist of interest and other costs that
the Company incurs in connection with the borrowing
of funds. Borrowing cost also includes exchange
differences to the extent regarded as an adjustment to
the borrowing costs.

Borrowing costs directly attributable to the acquisition,
construction or production of a qualifying asset that
necessarily takes a substantial period of time to get
ready for its intended use or sale are capitalised during
the period of time that is required to complete and
prepare the asset for its intended use or sale. All other
borrowing costs are expensed in the period in which
they are incurred.

2.22 Income tax

Income tax expense consists of current and deferred
tax. Income tax expense is recognised in profit or loss
except to the extent that it relates to items recognised
in OCI or directly in equity, in which case it is recognised
in OCI or directly in equity respectively. Current tax is
the expected tax payable on the taxable profit for the
year, using tax rates enacted or substantively enacted
by the end of the reporting period, and any adjustment
to tax payable in respect of previous years. Current tax
assets and tax liabilities are offset where the Company
has a legally enforceable right to offset and intends
either to settle on a net basis, or to realise the asset
and settle the liability simultaneously.

Deferred tax is recognised on temporary differences
between the carrying amounts of assets and liabilities
in the financial statements and the corresponding tax
bases used in the computation of taxable profit.

Deferred tax is measured at the tax rates that are
expected to be applied to the temporary differences
when they reverse, based on the laws that have been
enacted or substantively enacted by the end of the
reporting period. Deferred tax assets and liabilities are
offset if there is a legally enforceable right to set off
corresponding current tax assets against current tax
liabilities and the deferred tax assets and deferred tax
liabilities relate to income taxes levied by the same tax
authority on the Company.

The Company recognises a deferred tax asset arising
from unused tax losses or tax credits only to the
extent that the entity has sufficient taxable temporary
differences or there is convincing other evidence that
sufficient taxable profit will be available against which
the unused tax losses or unused tax credits can be
utilised by the entity.

A deferred tax asset is recognised to the extent that it
is probable that future taxable profits will be available
against which the temporary difference can be utilised.
Deferred tax assets are reviewed at each reporting
date and are reduced to the extent that it is no longer
probable that the related tax benefit will be realised.
Withholding tax arising out of payment of dividends to
shareholders under the Indian Income tax regulations is
not considered as tax expense for the Company and all
such taxes are recognised in the statement of changes
in equity as part of the associated dividend payment.

2.23 Segment reporting

Based on the “management approach” as defined in
Ind AS 108, Operating Segments, the Chief Operating
Decision Maker evaluates the Company’s performance
and allocates resources based on an analysis of
various performance indicators by business segments.
Accordingly, information has been presented along
these business segments viz. amusement parks & resort
and others.

2.24 Dividend

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.
The applicable distribution taxes are linked more
directly to past transactions or events that generated
distributable profits than to distribution to owners
and accordingly, recognized in profit or loss or other
comprehensive income or equity according to where
the entity originally recognised those past transactions
or events.

2.25 Operating cycle

Based on the nature of products / activities of the
Company and the normal time between acquisition of
assets and their realisation in cash or cash equivalents,
the Group has determined its operating cycle as 12
months for the purpose of classification of its assets
and liabilities as current and non-current.

2.26 Government grants

Government grants are recognized when there is
reasonable assurance that the company will comply
with the conditions attached to them and the grants
will be received.

Grants related to specific fixed assets are either
presented as a deduction from the carrying amount
of the asset concerned or as deferred income, which
is recognized in the profit and loss account over the
useful life of the asset, in proportion to the depreciation
charged.

Grants related to income are recognized in the
statement of profit and loss on a systematic basis
over the periods in which the company recognizes as
expenses the related costs for which the grants are
intended to compensate.

Government grant received during the year has been
deducted from the carrying amount of the assets. The
grant is recognised in profit and loss over the life of the
depreciable assets as a reduced depreciation expense.

2.27 Assets held for sale

Non-current assets or disposal groups comprising of
assets and liabilities are classified as ‘held for sale’ when
all the following criteria are met:

(i) decision has been made to sell.

(ii) the assets are available for immediate sale in its
present condition .

(iii) the assets are being actively marketed and

(iv) sale has been agreed or is expected to be
concluded within 12 months of the Balance Sheet
date. Subsequently, such non-current assets and
disposal groups classified as ‘held for sale’ are
measured at the lower of its carrying value and
fair value less costs to sell. Non-current assets
held for sale are not depreciated or amortised.

2.28 Recent Pronouncements

Ministry of Corporate Affairs (“MCA”) notifies new
standards or amendments to the existing standards
under Companies (Indian Accounting Standards) Rules
as issued from time to time. For the year ended 31
March 2025, MCA has not notified any new standards
or amendments to the existing standards applicable to
the Company.