SAB Events & Governance Now Media Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

II) Financial Liabilities

a Initial Recognition and Measurement

All Financial Liabilities are recognized at fair value and in case of borrowings, net of directly attributable cost,
Fee of recurring nature are directly recognized in the Statement of Profit and Loss as finance cost.

b For trade and other payables maturing within one year from the balance sheet date, the carrying amounts
approximate fair value due to the short maturity of these instruments.

1.11 Taxes on Income

Tax expense comprises both current and deferred taxes. Current Tax provision as per Income Tax Act, 1961, is made
based on the tax liability computed after considering tax allowances and exemptions at the balance sheet date.

Deferred income taxes reflect the impact of current year timing differences between taxable income and accounting
income for the year and reversal of timing differences of earlier years. Deferred tax is measured based on the tax rates
and the tax laws enacted or substantively enacted at the balance sheet date.

Deferred tax asset is recognized only to the extent that there is reasonable certainty that sufficient future taxable income
will be available against which such deferred tax assets can be realized. Deferred tax assets are recognized on carry
forward of unabsorbed depreciation and tax losses only if there is virtual certainty that such deferred tax assets can be
realized against future taxable profits.

The carrying amount of Deferred Tax Assets are reviewed at each balance sheet date and written down or written up, to
reflect the amount that is reasonably / virtually certain, as the case may be, to be realized.

1.12 Earning Per Share

Basic earnings per share is calculated by dividing the net profit or loss for the period attributable to equity shareholders by
the weighted average number of equity shares outstanding during the period. For the purpose of calculation diluted
earnings per share, the net profit or loss for the period attributable to equity shareholders and weighted average number
of shares outstanding during the period is adjusted for the effects of all dilutive potential equity shares.

1.13 Impairment of Assets

The carrying values of assets / cash generating units at each Balance Sheet date are reviewed for impairment. If any
indication of impairment exists, the recoverable amount of such assets is estimated and impairment is recognised, if the
carrying amount of these assets exceeds their recoverable amount. The recoverable amount is the greater of the net
selling price and their value in use. Value in use is arrived at by discounting the future cash flows to their present value
based on an appropriate discount factor.

21 Employee Benefits Plan
Defined Benefit Plan

Employees gratuity and leave encashment scheme is defined benefit plan. The present value of obligation is determined
based on actuarial valuation using projected unit credit method which recognised each period of service as giving rise to
additional need of employee benefit entitlement and measures each unit seperately to build up the final obligation.

26 Additional regulatory information required by Schedule III

(i) Details of benami property held

There are no proceedings that have been initiated or pending against the Company for holding any benami
property under the Prohibition of Benami Property Transactions Act, 1988 (as amended from time to time) (earlier
Benami Transactions (Prohibition) Act, 1988) and the rules made thereunder.

(ii) Borrowing secured against current assets

The Company have not taken any loan from any bank or financial institution or government.

(iii) Willful defaulter

The Company have not been declared willful defaulter by any bank or financial institution or government or any
government authority.

(iv) Relationship with struck off companies

The Company has no transactions with the companies struck off under Companies Act, 2013 or Companies Act,
1956.

(v) Compliance with number of layers of companies

The Company has complied with the number of layers prescribed under the Companies Act, 2013.

(vi) Compliance with approved scheme of arrangements

The Company has not entered into any scheme of arrangement which has an accounting impact on current or
previous financial year.

(vii) Utilisation of borrowed funds and share premium

The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign
entities (Intermediaries) with the understanding that the Intermediary shall:a. 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)
orb. provide any guarantee, security or the like to or on behalf of the ultimate beneficiariesThe Company has not
received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding
(whether recorded in writing or otherwise) that the Company shall:a. 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)
orb. provide any guarantee, security or the like on behalf of the ultimate beneficiaries"

(viii) Undisclosed income

There is no income surrendered or disclosed as income during the current or previous year in the tax assessments
under the Income Tax Act, 1961, that has not been recorded in the books of account.

(ix) Details of crypto currency or virtual currency

The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.

(x) Valuation of PP&E, intangible asset and investment property

The Company has not revalued its property, plant and equipment (including right-of-use assets) or intangible assets
or both during the current or previous year.

(xi) Registration of charges or satisfaction with Registrar of Companies

There are no charges or satisfaction which are yet to be registered with the Registrar of Companies beyond the
statutory period.

(xii) Utilisation of borrowings availed from banks and financial institutions

The Company have not taken any loan from any bank or financial institution.

29 The Code on Social Security, 2020 (''Code'') relating to employee benefits during employment and postemployment
received Indian Parliament approval and Presidential assent in September 2020. The Code has been published in the
Gazette of India and subsequently on November 13, 2020 draft rules were published and invited for stakeholder''s
suggestions. However, the date on which the code will come into effect has not been notified. The Company will assess
the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes
effective.

27 Financial Risk Management

The Company''s business activities are exposed to a variety of financial risks, namely liquidity risk, market risks and credit risk.
The Company''s senior management has the overall responsibility for establishing and governing the Company''s risk
management framework. The Company has constituted a core Management Committee, which is responsible for
developing and monitoring the Company''s risk management policies. The Company''s risk management policies are
established to identify and analyse the risks faced by the Company, to set and monitor appropriate risk limits and controls,
periodically review the changes in market conditions and reflect the changes in the policy accordingly. The key risks and
mitigating actions are also placed before the Audit Committee of the Company.

A) Liquidity risk

Liquidity risk is the risk that the Company will face in meeting its obligations associated with its financial liabilities.The
Company''s approach in managing liquidity is to ensure that it will have sufficient funds to meet its liabilities when due
without incurring unacceptable losses.

The Company maintained a cautious liquidity strategy, with a positive cash balance throughout the year ended 31st
March, 2025 . Cash flow from operating activities provides the funds to service the financial liabilities on a day-to-day
basis. The Company regularly monitors the rolling forecasts to ensure it has sufficient cash on an on-going basis to
meet operational needs. Any short term surplus cash generated, over and above the amount required for working
capital management and other operational requirements, is retained as cash and cash equivalents (to the extent
required) and any excess is invested in interest bearing term deposits and other highly marketable debt investments
with appropriate maturities to optimise the cash returns on investments while ensuring sufficient liquidity to meet its
liabilities.

B) Market Risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes
in market prices. Market risk comprises three types of risk: interest rate risk, currency risk and other price risk. Financial
instruments affected by market risk include loans and borrowings and deposits.

Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of
changes in market interest rates. This risk exist mainly on account of borrowings of the Company. However, all these
borrowings are at fixed interest rate and hence the exposure to change in interest rate is insignificant.

Foreign Currency Risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes
in foreign exchange rates. The Company is not exposed to significant foreign currency risk as at the respective
reporting dates.

C) Credit Risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract,
leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade
receivables) and other financial assets.

I) Trade Receivables

Customer credit risk is managed by each business unit subject to the Company''s established policy,
procedures and control relating to customer credit risk management. An impairment analysis is performed
at each reporting date on an individual basis for major trade receivables.

II) Other Financial Assets

Credit risk from balances with banks and financial institutions is managed by the Company in accordance
with the Company''s policy.

D) Excessive Risk Concentration

Concentrations arise when a number of counterparties are engaged in similar business activities, or activities in the
same geographical region, or have economic features that would cause their ability to meet contractual
obligations to be similarly affected by changes in economic, political or other conditions. Concentrations indicate
the relative sensitivity of the Company''s performance to developments affecting a particular industry.

In order to avoid excessive concentrations of risk, the Company''s policies and procedures include specific
guidelines to focus on the maintenance of a diversified portfolio. Identified concentrations of credit risks are
controlled and managed accordingly.

29 The Company has gradually undertaken the ground event, however, the company''s current liability are 5.03 times of
current assets and the company is not able to service its debt obligation. These facts indicate material uncertainty with
respect to company''s ability to continue as going concern unless company is able to generate cash flows from operating
activities and raising of sufficient long term funds.

30 SAB Events & Governance Now Media Limited (“SAB Events”) alongwith Marvel Media Private Limited (“Marvel Media”), Mr.
Ravi Adhikari (in personal capacity) and Mr. Kailasnath Adhikari (in personal capacity), had jointly submitted a resolution
plan in the corporate insolvency resolution process of Sri Adhikari Brothers Television Network Limited (“Corporate Debtor”).
On October 12, 2022, the committee of creditors of the Corporate Debtor has by a vote of 93.50% approved the said
resolution plan and has been declared them as successful resolution applicants The said resolution plan has been
approved by Hon''ble National Company Law Tribunal (NCLT), Mumbai bench, through its order dated December 8, 2023.

31 Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s
classification / disclosure.

As per our report on even date

For P.Parikh & Associates ^{For and on behalf of the Board of Directors}

Chartered Accountants

FRN : 107564W

Ravi Adhikari Kailasnath Adhikari

CA Gautam Sanghvi Chairman Managing Director

Partner DIN:02715055 DIN : 07009389

M.No : 155700

Suresh Satpute

Place: Mumbai Chief Finacial Officer

Date: 29th May, 2025

---

Mar 31, 2024

1.3 Provisions, contingent liabilities and Contingents Assets

A provision is recognized when the company has a present obligation as a result of past event and it is probable that an
outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made. If the
effect of time value of money is material, provisions are discounted using a current pre-tax rate that reflects, when
appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of
time is recognized as a finance cost.

A disclosure for a contingent liability is made when there is a possible obligation or a present obligation that may, but
probably will not require an outflow of resources embodying economic benefits or the amount of such obligation cannot
be measured reliably. When there is a possible obligation or a present obligation in respect of which likelihood of outflow of
resources embodying economic benefits is remote, no provision or disclosure is made.

Contingent assets are not recognised in the financial statements, however they are disclosed where the inflow of
economic benefits is probable. When the realisation of income is virtually certain, then the related asset is no longer a
contingent asset and is recognised as an asset.

1.4 Fixed Assets

Property, Plant and Equipment

Property, Plant and Equipment are stated at cost of acquisition as reduced by accumulated depreciation and
impairment losses, if any. Cost comprises the purchase price and attributable cost for bringing the asset to its working
condition for its intended use.

Intangible Assets

Intangible Fixed Assets are carried at cost less accumulated amortisation and impairment losses, if any. The Cost of
intangible assets comprises of cost of purchase, production cost and any attributable expenditure on making the asset
ready for its intended use.

Goodwill on Demerger

Goodwill on Demerger is amortised over a period of 10 years on pro-rata basis from the date of creation.

1.6 Revenue Recognition

The Company earns its revenue in the form of sponsorship and advertisement and revenue is recognised when the
related event occurs.

1.7 Employee Benefits
Defined Benefit Plan

Long term Employee benefits for Defined benefit schemes, such as leave encashment and gratuity, are provided on the
basis of actuary valuation taken at the end of each year.

All expenses represented by current service cost, past service cost, if any, and net interest on the defined benefit liability/
(asset) are recognized in the Statement of Profit and Loss. Remeasurements of the net defined benefit liability/ (asset)
comprising actuarial gains and losses (excluding interest on the net defined benefit liability/ (asset)) are recognised in
Other Comprehensive Income (OCI). Such remeasurements are not reclassified to the statement of profit and loss, in the
subsequent periods.

Other short -term employee benefits are charged to profit & loss account on accrual basis.

1.8 Borrowing Cost

Borrowings are initially recognised at net of transaction costs incurred and measured at amortised cost. Any difference
between the proceeds (net of transaction costs) and the redemption amount is recognised in the Statement of Profit and
Loss over the period of the borrowings using the EIR.

Preference shares, which are mandatorily redeemable on a specific date are classified as liabilities. The dividend on
these preference shares is recognised as finance costs in the Statement of Profit and Loss.

Borrowing costs directly attributable to development of qualifying asset are capitalized till the date qualifying asset is ready
for put to use for its intended purpose. All other Borrowing costs are recognized as expense and charged to profit & loss
account.

1.9 Leases
Finance lease

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of
ownership to the lessee. All other leases are classified as operating leases.

Operating Lease

Lease of assets under which all the risks and rewards of ownership are effectively retained by the lessor are classified as
operating leases. Operating Lease payments / revenue are recognised on straight line basis over the lease period in the
statement of profit and loss account unless increase is on account of inflation.

1.10 Financial Instruments
I) Financial Assets

a Initial recognition and measurement

All financial assets are initially recognized at fair value. Transaction costs that are directly attributable to the
acquisition or issue of financial assets , which are not at fair value through profit or loss, are adjusted to the fair value
on initial recognition. Purchase and sale of financial assets are recognised using trade date accounting.

b Subsequent Measurement

Financial assets carried at amortised cost (AC)

A financial asset is measured at amortised cost if it is held within a business model whose objective is to hold the asset
in order to collect contractual cash flows and the contractual terms of the financial asset give rise on specified dates
to cash flows that are solely payments of principal and interest on the principal amount outstanding.

Financial assets at fair value through other comprehensive income (FVTOCI)

A financial asset is measured at FVTOCI if it is held within a business model whose objective is achieved by both
collecting contractual cash flows and selling financial assets and the contractual terms of the financial asset give
rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount
outstanding.

Financial assets at fair value through profit or loss (FVTPL)

A financial asset which is not classified in any of the above categories are measured at FVTPL.
d Impairment of financial assets

In accordance with Ind AS 109, the Company uses ''Expected Credit Loss'' (ECL) model, for evaluating impairment of
financial assets other than those measured at fair value through profit and loss (FVTPL).

Expected credit losses are measured through a loss allowance at an amount equal to:

i) The 12-months expected credit losses (expected credit losses that result from those default events on
thefinancial instrument that are possible within 12 months after the reporting date); or"

ii) Full lifetime expected credit losses (expected credit losses that result from all possible default events overthe
life of the financial instrument)

For trade receivables Company applies ''simplified approach'' which requires expected lifetime losses to be
recognised from initial recognition of the receivables. The Company uses historical default rates to determine
impairment loss on the portfolio of trade receivables. At every reporting date these historical default rates are
reviewed and changes in the forward looking estimates are analysed.

For other assets, the Company uses 12 month ECL to provide for impairment loss where there is no significant
increase in credit risk. If there is significant increase in credit risk full lifetime ECL is used.

e De-recognition of financial instruments

The Company derecognizes a financial asset when the contractual rights to the cash flows from the financial asset
expire or it transfers the financial asset and the transfer qualifies for de-recognition under Ind AS 109. A financial
liability (or a part of a financial liability) is de-recognized from the Company''s Balance Sheet when the obligation
specified in the contract is discharged or cancelled or expires.

II) Financial Liabilities

a Initial Recognition and Measurement

All Financial Liabilities are recognized at fair value and in case of borrowings, net of directly attributable
cost, Fee of recurring nature are directly recognized in the Statement of Profit and Loss as finance cost.

b For trade and other payables maturing within one year from the balance sheet date, the carrying
amounts approximate fair value due to the short maturity of these instruments.

1.11 Taxes on Income

Tax expense comprises both current and deferred taxes. Current Tax provision as per Income Tax Act, 1961, is made
based on the tax liability computed after considering tax allowances and exemptions at the balance sheet date.

"Deferred income taxes reflect the impact of current year timing differences between taxable income and accounting
income for the year and reversal of timing differences of earlier years. Deferred tax is measured based on the tax rates
and the tax laws enacted or substantively enacted at the balance sheet date."

"Deferred tax asset is recognized only to the extent that there is reasonable certainty that sufficient future taxable income
will be available against which such deferred tax assets can be realized. Deferred tax assets are recognized on carry
forward of unabsorbed depreciation and tax losses only if there is virtual certainty that such deferred tax assets can be
realized against future taxable profits."

The carrying amount of Deferred Tax Assets are reviewed at each balance sheet date and written down or written up, to
reflect the amount that is reasonably / virtually certain, as the case may be, to be realized.

1.12 Earning Per Share

Basic earnings per share is calculated by dividing the net profit or loss for the period attributable to equity shareholders by
the weighted average number of equity shares outstanding during the period. For the purpose of calculation diluted
earnings per share, the net profit or loss for the period attributable to equity shareholders and weighted average number
of shares outstanding during the period is adjusted for the effects of all dilutive potential equity shares.

1.13 Impairment of Assets

The carrying values of assets / cash generating units at each Balance Sheet date are reviewed for impairment. If any
indication of impairment exists, the recoverable amount of such assets is estimated and impairment is recognised, if the
carrying amount of these assets exceeds their recoverable amount. The recoverable amount is the greater of the net
selling price and their value in use. Value in use is arrived at by discounting the future cash flows to their present value
based on an appropriate discount factor.

28 Additional regulatory information required by Schedule III

(i) Details of benami property held

There are no proceedings that have been initiated or pending against the Company for holding any benami
property under the Prohibition of Benami Property Transactions Act, 1988 (as amended from time to time) (earlier
Benami Transactions (Prohibition) Act, 1988) and the rules made thereunder.

(ii) Borrowing secured against current assets

The Company have not taken any loan from any bank or financial institution or government.

(iii) Willful defaulter

The Company have not been declared willful defaulter by any bank or financial institution or government or any
government authority.

(iv) Relationship with struck off companies

The Company has no transactions with the companies struck off under Companies Act, 2013 or Companies Act,
1956.

(v) Compliance with number of layers of companies

The Company has complied with the number of layers prescribed under the Companies Act, 2013.

(vi) Compliance with approved scheme of arrangements

The Company has not entered into any scheme of arrangement which has an accounting impact on current or
previous financial year.

(vii) Utilisation of borrowed funds and share premium

The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign
entities (Intermediaries) with the understanding that the Intermediary shall:

a. 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

b. provide any guarantee, security or the like to or on behalf of the ultimate beneficiaries The Company has not
received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the
understanding (whether recorded in writing or otherwise) that the Company shall:

a. 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

b. provide any guarantee, security or the like on behalf of the ultimate beneficiaries"

(viii) Undisclosed income

There is no income surrendered or disclosed as income during the current or previous year in the tax assessments
under the Income Tax Act, 1961, that has not been recorded in the books of account.

(ix) Details of crypto currency or virtual currency

The Company has not traded or invested in crypto currency or virtual currency during the current or previous year.

(x) Valuation of PP&E, intangible asset and investment property

The Company has not revalued its property, plant and equipment (including right-of-use assets) or intangible assets
or both during the current or previous year.

(xi) Registration of charges or satisfaction with Registrar of Companies

There are no charges or satisfaction which are yet to be registered with the Registrar of Companies beyond the
statutory period.

(xii) Utilisation of borrowings availed from banks and financial institutions

The Company have not taken any loan from any bank or financial institution.

The Code on Social Security, 2020 (''Code'') relating to employee benefits during employment and post employment
received Indian Parliament approval and Presidential assent in September 2020. The Code has been published in the
Gazette of India and subsequently on November 13, 2020 draft rules were published and invited for stakeholder''s
suggestions. However, the date on which the code will come into effect has not been notified. The Company will assess
the impact of the Code when it comes into effect and will record any related impact in the period the Code becomes
effective.

29 Financial Risk Management

The Company''s business activities are exposed to a variety of financial risks, namely liquidity risk, market risks and credit risk.
The Company''s senior management has the overall responsibility for establishing and governing the Company''s risk
management framework. The Company has constituted a core Management Committee, which is responsible for
developing and monitoring the Company''s risk management policies. The Company''s risk management policies are
established to identify and analyse the risks faced by the Company, to set and monitor appropriate risk limits and controls,
periodically review the changes in market conditions and reflect the changes in the policy accordingly. The key risks and
mitigating actions are also placed before the Audit Committee of the Company.

A) Liquidity risk

Liquidity risk is the risk that the Company will face in meeting its obligations associated with its financial liabilities.The
Company''s approach in managing liquidity is to ensure that it will have sufficient funds to meet its liabilities when due
without incurring unacceptable losses.

The Company maintained a cautious liquidity strategy, with a positive cash balance throughout the year ended 31st
March, 2023 and 31st March, 2022. Cash flow from operating activities provides the funds to service the financial
liabilities on a day-to-day basis. The Company regularly monitors the rolling forecasts to ensure it has sufficient cash
on an on-going basis to meet operational needs. Any short term surplus cash generated, over and above the
amount required for working capital management and other operational requirements, is retained as cash and
cash equivalents (to the extent required) and any excess is invested in interest bearing term deposits and other highly
marketable debt investments with appropriate maturities to optimise the cash returns on investments while ensuring
sufficient liquidity to meet its liabilities.

B) Market Risk

Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes
in market prices. Market risk comprises three types of risk: interest rate risk, currency risk and other price risk. Financial
instruments affected by market risk include loans and borrowings and deposits.

Interest Rate Risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of
changes in market interest rates. This risk exist mainly on account of borrowings of the Company. However, all these
borrowings are at fixed interest rate and hence the exposure to change in interest rate is insignificant.

Foreign Currency Risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes
in foreign exchange rates. The Company is not exposed to significant foreign currency risk as at the respective
reporting dates.

C) Credit Risk

Credit risk is the risk that counterparty will not meet its obligations under a financial instrument or customer contract,
leading to a financial loss. The Company is exposed to credit risk from its operating activities (primarily trade
receivables) and other financial assets.

I) Trade Receivables

Customer credit risk is managed by each business unit subject to the Company''s established policy, procedures
and control relating to customer credit risk management. An impairment analysis is performed at each reporting
date on an individual basis for major trade receivables.

II) Other Financial Assets

Credit risk from balances with banks and financial institutions is managed by the Company in accordance with
the Company''s policy.

D) Excessive Risk Concentration

Concentrations arise when a number of counterparties are engaged in similar business activities, or activities in the
same geographical region, or have economic features that would cause their ability to meet contractual
obligations to be similarly affected by changes in economic, political or other conditions. Concentrations indicate
the relative sensitivity of the Company''s performance to developments affecting a particular industry.

In order to avoid excessive concentrations of risk, the Company''s policies and procedures include specific
guidelines to focus on the maintenance of a diversified portfolio. Identified concentrations of credit risks are
controlled and managed accordingly.

31 The Company has gradually undertaken the ground event, however, the company''s current liability are 3.62 times of
current assets and the company is not able to service its debt obligation. These facts indicate material uncertainty with
respect to company''s ability to continue as going concern unless company is able to generate cash flows from operating
activities and raising of sufficient long term funds.

32 SAB Events & Governance Now Media Limited (“SAB Events”) alongwith Marvel Media Private Limited (“Marvel Media”), Mr.
Ravi Adhikari (in personal capacity) and Mr. Kailasnath Adhikari (in personal capacity), had jointly submitted a resolution
plan in the corporate insolvency resolution process of Sri Adhikari Brothers Television Network Limited (“Corporate Debtor”).
On October 12, 2022, the committee of creditors of the Corporate Debtor has by a vote of 93.50% approved the said
resolution plan and has been declared them as successful resolution applicants The said resolution plan has been
approved by Hon''ble National Company Law Tribunal (NCLT), Mumbai bench, through its order dated December 8, 2023.

33 Previous Year figures

Previous year''s figures have been regrouped / reclassified wherever necessary to correspond with the current year''s
classification / disclosure.

As per our report on even date

For P.Parikh & Associates ^{For and on behalf of the Board of Directors}

Chartered Accountants
FRN : 107564W

Markand Adhikari Kailasnath Adhikari

Gautam Sanghvi Chairman Managing Director

Partner DIN:00032016

M.No : 155700

Suresh Satpute Sw ity Gada

Place: Mumbai Chief Finacial Officer Company Secretary &

Date: 24th May, 2024 Compliance Officer

---

Mar 31, 2016

Terms and Rights attached to Preference Shares:

The Company has only one class of preference shares at the end of the year having a par value of Rs.10/- per share. These shares do not carry any voting rights.

These shares are non cumulative, non convertible, non participating and are carrying 0.01% per annum rate of dividend, These shares are redeemable at par and the redemption would be at the discretion of Board of Directors of the Company at any time after the 7^th Anniversary but not later than the 10^th Anniversary.

1 SCHEME OF ARRANGEMENT

The Hon''ble High Court of Bombay has, on 21^st November, 2015, approved the Composite Scheme of Amalgamation and Arrangement between Maiboli Broadcasting Private Limited (MBPL'') and Sri Adhikari Brothers Assets Holding Private Limited (''SAB Assets'') and Sri Adhikari Brothers Television Network Limited (''SABTNL'' or ''the Company'') and TV Vision Limited (''TVL'') and HHP Broadcasting Services Private Limited (''HHP'') and MPCR Broadcasting Service Private Limited (''MPCR'') and UBJ Broadcasting Private Limited (''UBJ'') and SAB Events & Governance Now Media Limited (Formerly known as ''Marvick Entertainment Private Limited'') (''SAB Events'') and their respective shareholders (''Composite Scheme'') which became effective from 15^th January, 2016 on filing of order with ROC. Due to the Scheme coming into effect, the publication division of SABTNL was demerged into the Company w.e.f. 15^th January, 2016.

2 Segment Reporting

The Company is operating in single primary business segment i.e. Publication. Accordingly no segment reporting as per Accounting Standard 17 has been reported.

3 Employee Benefits Plan Defined Benefit Plan

Employees gratuity and leave encashment scheme is Defined Benefit Plan. The present value of obligation is determined based on actuarial valuation using Projected Unit Credit Method which recognizes each period of service as giving rise to additional need of employee benefit entitlement and measures each unit separately to build up the final obligation,

4 Capital and Other Commitment

As on Balance sheet date there is no outstanding Capital and Other Commitment,

5 Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006

Company has not received any confirmation from its vendors that whether they are covered under the Micro, Small and Medium Enterprises Development Act, 2006, hence the amounts unpaid at the year end together with interest paid / payable under this Act cannot be identified.

6 Previous Year Figures

The previous year figures have been regrouped/reclassified wherever considered necessary to correspond with current year classification/disclosure. The previous year figures are not comparable since the performance of publication business taken over from various companies were not included in the previous year figures. This being the first year of commercial operation previous year figures in the statement of Profit and Loss have not been given.