h. PROVISIONS, CONTINGENT LIABILITIES & CONTINGENT ASSETS

Provisions involving substantial degree of estimation in measurement are recognised when there is a present obligation as a
result of past events and it is probable that there will be an outflow of resources. Contingent Liabilities are disclosed when
the company has possible obligation or a present obligation and it is probable that a cash flow will not be required to settle
the obligation. Contingent Assets are neither recognised nor disclosed in the financial statements.

i. INVESTMENTS

Investments that are readily realizable and intended to be held for not more than one year, are classified as current
investments. All other investments are classified as long-term investments.

Current Investments are stated at lower of cost or market rate on individual investment basis. Long Term Investments are
considered "at cost", unless there is other than temporary decline in value thereof, in which case, adequate provision is made
against such diminution in the value of investments.

j. EMPLOYEE BENEFITS

i. Gratuity:

The liability for gratuity has not been provided as per the provisions of Payment of Gratuity Act, 1972 since no employee of
the company is eligible for such benefits during the year.

ii. Provident Fund:

The provisions of the Employees Provident Fund are not applicable to the company since the number of employees
employed during the year were less than the minimum prescribed for the benefits.

iii. Leave Salary:

In respect of Leave Salary, the same is accounted as and when the liability arises in accordance with the provision of law
governing the establishment.

k. IMPAIRMENT OF ASSETS

As at Balance Sheet Date, the carrying amount of assets is tested for impairment so as to determine:

a. Provision for Impairment Loss, if any, required or

b. The reversal, if any, required of impairment loss recognized in previous periods.

Impairment Loss is recognized when the carrying amount of an asset exceeds its recoverable amount.

l. BORROWING COST

Borrowing cost attributable to the acquisition or construction of qualifying assets are capitalized as a part of such assets. All
other borrowing costs are charged off to revenue.

A qualifying asset is an asset that necessarily requires a substantial period of time to get ready for its intended use or sale.

m. DEFERRED REVENUE EXPENDITURE

Miscellaneous Expenditure are written off uniformly over a period of 5 years.

n. INCOME TAX

Current Tax is determined as the amount of tax payable in respect of taxable income for the period. Deferred tax is
recognized, subject to the prudence, of timing differences, being the difference between taxable incomes and accounting
income that originate in one period and are capable of reversal in one or more periods. Deferred tax assets is not recognized
unless there is a virtual certainty that sufficient future taxable income will be available against which such deferred tax
assets can be realized.

32 Confirmation of balances/reconciliation of accounts pertaining to certain advances/creditors/debtors is pending as at period
end. Hence, the balances have been adopted as per the books of accounts.

33 Previous year's figures have been regrouped wherever necessary to conform to current period's classification.

34 Consequent to the enactment of the Companies Act, 2013 (the Act) and its applicability for accounting periods commencing
from 1st April 2014, the Company has reassessed the remaining useful life of fixed assets in accordance with the provisions
prescribed under Schedule II to the Act. In case of other assets, the carrying value (Net of Residual Value) is being
depreciated over the revised remaining useful life.

35 "The Company is subject to legal proceedings and claims, which have arisen during the normal course of business. The
Company has provided for the proceedings and claims, which according to the company’s management if conclude and
determined will have a material and adverse effect on the Company’s result of operations or financial condition".

36 No material foreseeable losses on long- term contracts were expected by the Company during the current and
previous financial year and hence no provisions were made in the Books of Accounts.

37 Transaction in Foreign Currency - No transactions involving foreign currency was made during the current and
previous financial year.

As Per Our Report Of Even Date For ZINEMA MEDIA AND ENTERTAINMENT LIMITED

For GANESAMOORTHY. T & ASSOCIATES

Chartered Accountants

Firm Registration Number: 013934S

sd/- sd/- sd/-

SADASIVAM

GANESAMOORTHY.T BASKARAN SATHYA PRAKASH ANBAZHAGAN

Proprietor Managing Director Director

Membership No. 228695 DIN : 01786634 DIN : 08965772

ICAI UDIN :24228695BKDHJG9659

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PRAVEEN POTABATTULA MONIKA SINGH

Place : Chennai Chief Financial Officer Company Secretary

Date : 06/09/2024