12 Provisions-Contingent Liabilities And Contingent Assets

. Provisions are recognised only when there is a present obligation as a result of past events and when a reliable estimate of the amount ^ of obligation can be made.

(ii) Contingent liability is disclosed for

(1) Possible obligations which will be confirmed only by future events not wholly within the control of the Company or

(2) Present obligations arising from past events where it is not probable that an outflow of resources will be required to settle the obligation or a reliable estimate of the amount of the obligation can not be made.

. Contingent Assets are not recognised in the financial statements since this may result in the recognition of income that may never be ¹¹¹ realised.

13 Segment Reporting

(i) Business Segments have been identified on the basis of nature of products services.The Company's operations relate to trading of goods, trading in shares, selling of film rights and consultancy.

(ii) Revenue and expenses have been identified to a segment on the basis of relationship to operating activities of the segment. Revenue and expenses which relates to enterprise as a whole and are not allocable to a segment on reasonable basis have been disclosed as "unallowable".

ZZZ I I I

Segment Assets and Segment Liabilities reprsents assets and liabilities in respective segments. Investments, tax related assets and other assets ans liabilities that can not be alloted to a segment on reasonable basis, have been disclosed as "unallowable"

14 Impairment of Assets

The Company assesses at each Balance Sheet date whether there is any indication that an asset may be impaired. If any such indication exists .the Company estimates the recoverable amount of the assets. If such recoverable amount of the asset or the recoverable amount of the cash generating unit to which the asset belongs is less than its carrying amount, the carrying amount is reduced to its recoverable amount The reduction is treated as an impairment loss and is recognised in the Profit and Loss Account If at the Balance Sheet date there is an indication that if a previously assessed impairment loss no longer exists, the recoverable amount is reassessed and the asset is reflected at the recoverable amount.

Note : Variance in Ratios due to variations in business volume and activity during the year and due to change in Basis of Calculation of Ratios.

As per our Report of even date For and on behalf of the Board For and on behalf of the Board

For ABN & CO.

Chartered Accountants

Firm number: 004447C (Ffiten R Mehta) (Ankur M Mehta)

Wholetime Director Independent Director

DIN NO.01875252 DIN N0.06S3S230

(S C Kabra)

Partner

M.Ncl 035604

Date: 17/05/2024 (Jiukal K Gangar) (Manoj G Kadav)

Place: Mumbai Company Secretary Chief Financial Officer