Terms/Rights attached to equity shares:

The Company has only one class of equity shares having a par value of Rs 10 per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividends in Indian Rupees. Final dividend proposed by the Board of Directors is subject to approval of the shareholders in the ensuing general meeting. In the event of liquidation of the Company, holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be proportionate to the number of equity shares held by the shareholders.

Nature and Purpose of Reserves

Securities Premium Reserve : The amount received from shareholder against the issue of shares in excess of face value of the equity shares is recognised in Securities Premium Reserve.

General Reserve : General reserve is created from time to time by way of appropriation of retained earnings.

Retained Earnings : Retained earnings are profits that the Company has earned till date, less any appropriations.

Equity Instruments through other comprehensive income : This represents the cumulative gains and losses arising on the revaluation of equity instruments measured at fair value through other comprehensive income, under an Irrevocable option, net of amounts reclassified to retained earnings when such assets are disposed off.

26 Income Tax Expenses

This Note provides an analysis of the Company's income tax expense and how the tax expenses is affected by non-assessable and non-deductible items.

EMPLOYEE BENEFITS (Information as required under Ind AS - 19)

DEFINED BENEFIT :

GRATUITY PLAN

The Company provides for gratuity for employees in India as per the Payment of Gratuity Act, 1972. Employees who are in continuous service for a period of five years are eligible for gratuity. The amount of gratuity payable on retirement/ termination is the employees last drawn basic salary per month computed proportionately for 15 days salary multiplied by number of years of service.

The gratuity plan is a funded plan and the company makes contributions to LIC of India. The company does not fully fund the liability and maintains a target level of funding to be maintained over a period of time based on estimations of expected gratuity payments.

DEFINED CONTRIBUTION PLANS

The company also has defined contribution plans. Contributions are made to provident fund in India for employees at the rate of 12% of basic salary as per regulations. The contributions are made to registered provident fund administered by the government. The obligation of the company is limited to the amount contributed and it has no further contractual nor any contructive obligation. The expense recognised during the period towards defined contribution plan is Rs 1.87 lacs (March 31, 2023: Rs 1,74 lacs ).

LEAVE OBLIGATIONS

The leave obligations cover the company's liability for earned leave.

The amount of the provision of Rs 4.36 lacs (March 31, 2023 : Rs 4.69 lacs) is presented as current, since the company does not have an unconditional right to defer settlement for any of these obligations.

2.Measurement of fair values

The Company uses the following hierarchy for determining and disclosing fair values of financial instruments by valuation technique:

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

Level 2: other techniques for which all inputs which have a significant effect on the recorded fair value are observable, either directly or indirectly Level 3: techniques which use inputs that have a sianificant effect on the recorded fair values that are not based on observable market data.

The following table shows the valuation techniques used in measuring Level 2 and Level 3 fair values, as well as the significant unobservable inputs used.

Type Valuation technique

Preference Shares Discounted cash flows: The valuation model considers the present value of expected receipt/payment discounted using appropriate discounting rates.

.. . . .. .. _T . As the fair value in respect of unquoted equity investment in some unquoted investment investee Company could not be reliably estimated, the Company has valued such

Unquoted Equity Investments investment at net asset value as per the latest audited financial statements available

27.10 FINANCIAL RISK MANAGEMENT

The ComDanv has exoosure to the followina risks arisina from financial instruments:

Ý Credit risk;

Ý Liauiditv risk • Market risk

Risk manaaement framework

The Company's board of directors has overall responsibility for the Company's risk management, if any. fa) Credit Risk

Credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails to meet its contractual obligations and arises principally from the Company's Receivables from customers and investment securities.

Trade Receivables

Credit risk is managed through credit approvals, establishing credit limits and continuously monitoring the credit worthiness of customers to which the Company grants credit terms in the normal course of business. In respect of trade receivables, the Company is not exposed to any significant credit risk exposure to any single counter party or any group of counterparties having similar characteristics. Based on historical information about customer default rates management considers credit quality of trade receivables.

(b) Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting obligations associated with its financial liabilities that are settled by delivering cash or another financial asset. The Company's approach to managing liquidity is to ensure, as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due, under both normal and stressed conditions, without incurring unacceptable losses or risking damage to the Company's reputation.

The Company has not obtained any fund and non-fund based working capital limits from banks.

Exposure to liquidity risk

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

(c) Market Risk

Market risk is the risk that fair value of future cash flows of a financial instrument will fluctuate because of change in market prices.

(i) Price risk

The Company is not significantly exposed to changes in the prices of equity instruments.

(ii) Foreign currency risk

The Company does not have any foreign Currency exposure.

27.11 Capital Manaaement

For the purpose of the Company's capital management, capital includes issued capital and all other equity reserves attributable to the equity shareholders of the Company. The primary objective of the Company when managing capital is to safeguard its ability to continue as a going concern and to maintain an optimal capital structure so as to maximize shareholder value.

As at 31st March, 2024, the Company has only one class of equity shares and has low debt. Consequent to such capital structure, there are no externally imposed capital requirements. In order to maintain or achieve an optimal capital structure, the Company allocates its capital for distribution as dividend or re-investment into business based on its long term financial plans.

27.12 Disclosure required under Section 186 (4) of Companies Act,2013

Details of Investment made appear under the respective heads (refer note no. 5, 6 & 9)

27.13 The are no transactions with the Struck oFT Companies under Section 248 or 560 of the Companies, Act 2013

27.14 The Company has not traded or invested in crypto currency or virtual currency during the current period.

An eviction suit was filed against the Company by The Cricket Club of India Ltd. (Landlord) at Hon’ble Small Causes Court, Mumbai ['the Court'], thereby praying for eviction of the Company from the leasehold premises and for mesne profits. The Company has lost the said suit on 14th December, 2021 and the Court had Ordered the Company to vacate the said leasehold premises and further ordered an enquiry to ascertain amount of mesne profits.

The Company has challenged the said order and eviction decree of the Court via appeal before Appellate Bench of the Court and has obtained a Stay on the eviction decree. The Company has been advised that it has an arguable case.

The Stay was allowed by the Appellate Bench of the Court on condition that the Company shall deposit Rs 5,00,000 per month as interim compensation since the date of decree i.e. 14th December, 2021.

. Further, the Company being aggrieved of the said condition, has filed a Writ Petition with Hon'ble Bombay High Court on 9th January, 2023 challenging the unreasonable amount of Rs 5,00,000 fixed as per month compensation. While the hearing and disposal of the petition is j pending, the Hon'ble Bombay High Court has as an interim measure ordered the Company to pay compensation at the rate of Rs 2,00,000 per month. The Company is presently paying compensation at the rate of Rs 2,00,000 per month.

There were six labour cases filed against the Company before a labour court. The Company has contested / opposed the allegations levelled in all the said cases against the Company.

Hearings have been concluded and the Judgements have been made on 28th April, 2023 in all the six matters. Allegation leveled has been dropped due to no employer- employee relation established and no expenses levied.

Items and figures for the previous year have been recast, regrouped and/or re-arranged wherever necessary to conform to the current year's presentation.