2 Company hasn't proposed any Dividend during the financial year 2022-23.

3 During the year Company has made public issue of equity shares of 26.4 Lakhs of D10 each at a premium of D85 amounting to D25,08,00,000 The Company has utilized the amount received through public issue for the purpose as stated in the prospectus. Company has not issued any other securities during the year.

4 Company has utilized the amount borrowed during the year from banks and financial institution for the purpose for which it has been raised.

5 I n the opinion of the Board, the assets other than Property, Plant and Equipment, Intangible Assets and noncurrent investments have value on realization in the ordinary course of business equal to the amount at which they are stated

6 There are no proceedings initiated or pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988)

In the opinion of the Board, The company has taken overdrawn facility from the banks or financial institutions on the basis of security of current assets.

8 The Company is not declared as wilful defaulter by any bank or financial institution or other lender.

9 The company has not entered into any transactions with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act, 1956.

10 The company does not have any charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period

11 Compliance with number of layers of companies:

The company has no parent and subsidiaries with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017

12 Compliance with approved Scheme(s) of Arrangements:

No Scheme of Arrangements has been approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013.

13 Utilisation of Borrowed funds and share premium:

A. The Company has not advanced or loaned to or invested funds (either borrowed funds or share premium or any other sources or kind of 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

B. The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding 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.

c. shortfall at the end of the year out of the amount required to be spent by the Company during the year : Nil

d. Total of previous years shortfall : Nil

e. There is no shortfall during the year.

f. The nature of CSR activities undertaken by the Company - Charitable activisties and donation made to Section 80G exempted trust.

g. Details of related party transactions : Nil

h. Where a provision is made with respect to a liability incurred by entering into a contractual obligation, the movements in the provision during the year should be shown separately - Nil

19 Undisclosed income:

The Company do not have any transaction which are not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.

There is no previously unrecorded income and related assets have been recorded in the books of account during the year.

20 Details of Crypto Currency or Virtual Currency:

The Company has not traded or invested in Crypto currency or Virtual Currency during the period.

21 Dues to Micro, Small and Medium Enterprises:

There are no dues to Micro, Small and Medium Enterprises at the close of the Reporting Period.

26 Employee Benefit (Incurred in India):

A. Provident Fund - The Company has contributed D55.01 for the year 2023 and D17.07 in the previous year towards the Employees Provident Fund.

B. Gratuity - The Present value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method. This method considers each period of service as giving rise to an additional unit of benefit entitlement and measures each unit separately to build up the final obligation.

Interest cost: It is the increase in the Plan liability over the accounting period resulting from the operation of the actuarial assumption of the interest rate.

Current Service Cost: is the discounted present value of the benefits from the Plan's benefit formula attributable to the services rendered by employees during the accounting period.

Actuarial Gain or Loss: occurs when the experience of the Plan differs from that anticipated from the actuarial assumptions. It could also occur due to changes made in the actuarial assumptions.

(iv) Valuation Bases / Assumptions:

* Rate of Mortality

* Valuation Date

* Rate of Interest

* Rate of Salary Escalation

* Rate of exit due to reasons other than death or retirement

* Rate of Return on Plan Assets

27 Cashflow Statement

(1) There are no significant cash and cash equivalent balances held by the enterprise that are not available for use by it.

(2) the company has an borrowing facility up to H1000 Lakhs and there are undrawn borrowing facilities that may be available for future operating activities and to settle capital commitments amounting to H488 lakhs.

(3) There are no non cash transaction happened in investing and financing trasaction to be excluded from Cash flow statement.

28 Changes in Accounting Estimates

There are no changes in Accounting Estimates made by the company during the year.

29 Changes in Accounting Policies

There are no changes in Accounting Policies made by the company during the year.

30 Disclosures on PPE and Intangible Assets I. Property, plant and equipment

1) The Company have restrictions on the title property, plant and equipment pledged as security for liabilities.

2) There is no contractual commitments for the acquisition of property, plant and equipment.

3) There is no amount of compensation from third parties for items of property, plant and equipment that were impaired, lost or given up that is included in the statement of profit and loss; and

4) The Company has no assets retired from active use and held for disposal.

5) There are no temporarily idle property, plant and equipment.

6) The Company is not having any fully depreciated property, plant and equipment that is still in use.

7) The Company has not revalued any class of property, plant and equipment.

8) There is no property, plant and equipment retired from active use and not held for disposal.

II. Intangible asset

1) The Company has no Intangible asset which has been amortised over more than ten years from the date when the asset is available for use.

2) The Company has no individual intangible asset that is material to the financial statements of the enterprise as a whole.

3) The title of intangible assets are not restricted and the carrying amounts of intangible assets pledged as security for liabilities.

4) The Company has no commitments for the acquisition of intangible assets.

5) The Company is not having any fully amortised intangible asset that is still in use if any

6) The Company has not acquired any asset through business combinations.

7) The Company has recognised the depreciation charged during the period in statement of profit or loss.

31 Investments

The company does not hold any investment during the year except Fixed deposit with ICICI Bank amounting to 4 Crores

32 Government Grants

The company is granted D3000000 lakhs as SME IPO incentive as government grants received from Tamil Nadu government, recognized as Revenue receipt in the financial statements.

33 Borrowing Costs

No amount of borrowing costs has been capitalised during the period

34 Segment Reporting

As the Company collectively operates only in one business Segment, i.e., Visual Effects, hence, it is reporting its results in single Segment. Therefore, segment disclosure is not applicable.

35 Leases

Operating lease agreement has been made by the Company for Rental of Office premises with Kosmo One Business Park Limited.

37 Impairment of Assets

The company does not impair any asset during the year.

38 The Company had made an advance of D 1731 Lakhs to KJR Studios for the purchase of Film Distribution Rights.