Studio LSD Ltd. के अकाउंट के लिये नोट

Mar 31, 2025

IX PROVISIONS AND CONTINGENCIES:

A provision is recognized when the company has a
legal and constructive obligation as a result of a past
event, for which it is probable that cash outflow will
be required and a reliable estimate can be made
of the amount of the obligation. Provisions are
measured at the present value of managements
best estimate of the expenditure required to settle
the present obligation at the end of the reporting
period. Provisions are not recognized for future
operating losses. Contingent liabilities are disclosed
when the company has a possible or present
obligation where it is not probable that outflow of
resources will be required to settle it. Contingent
assets are neither recognized nor disclosed.

The company exercises judgment in measuring
and recognising provisions and the exposures to
contingent liabilities which is related to pending
litigation or other outstanding claims. Judgment
is necessary in assessing the likelihood that a
pending claim will succeed, or a liability will arise,
and to quantify the possible range of the financial
settlement. Because of the inherent uncertainty
in this evaluation process, actual liability may be
different from the originally estimated as provision
or contingent liability.

X EARNING PER SHARE:

Basic earnings per share are calculated by dividing
the net profit or loss for the period attributable to
equity shareholders (after deducting preference
dividends and attributable taxes) by the weighted
average number of equity shares outstanding
during the period.

For the purpose of calculating diluted earning
per share, the net profit or loss for the period
attributable to equity shareholders and the
weighted average number of equity shares
outstanding during the period are adjusted for the
effects of all dilutive potential equity shares.

XI CASH AND CASH EQUIVALENTS:

Cash and cash equivalents includes cash on hand,
deposits held at call with financial institutions,
other shortterm,highly liquid investments with
original maturities of three months or less that
are readily convertible to known amounts of
cash and which are subject to an insignificant
risk of changes in value. For the purpose of Cash
Flow Statement, Cash and cash equivalents
are considered net of outstanding overdrafts,
if any, as they are considered an integral part of
Company’s cash management.

XII INVESTMENTS:

Investments that are readily realisable and are
intended to be held for not more than one year
from the date on which such investments are
made, are classified as current investments. All
other investments are classified as long term
investments.

Long term investments are valued at cost.
Current investments are valued at lower of cost
and fair value as on the date of the Balance Sheet.
The Company provides for diminution in value of
investments, other than temporary in nature.

XIII IMPAIRMENT LOSS:

The Company assesses at each Balance Sheet
date whether there is any indication that any
asset may be impaired and if such indication
exists, the carrying value of such asset is reduced
to its recoverable amount and a provision is
made for such impairment loss in the statement
of profit and loss. If at the Balance Sheet date,
there is an indication that a previously assessed
impairment loss no longer exists, the recoverable
amount is reassessed and the asset is reflected at
the recoverable amount subject to maximum of
depreciated historical costs.

XIV GOODS AND SERVICE TAX INPUT CREDIT:

Goods & Service tax input credit is accounted for
in the books in the year in which the underlying
goods or service are received and paid and there
is reasonable certainty in availing / utilizing the
credits.

XV INVENTORIES:

Inventories of television programs and content
under development are stated at lower or
unamortized cost of production (including
attributable / allocable production costs and
expenses) or net realizable value. Cost of content
production includes costs incurred during the
conceptualization and pre- production phases

also and are amortized on commercialization of
such content.

XVI LEASE:

As a lessee

Leases in which a significant portion of the risks
and rewards of ownership are not transferred to
the company as lessee are classified as operating
leases. Payments made under operating leases
are charged to Statement of Profit and Loss
on a straight-line basis over the period of the
lease unless the payments are structured to
increase in line with expected general inflation to
compensate for the lessor’s expected inflationary
cost increases.

XVIITRADE RECEIVABLE:

Trade receivable are recognized initially at fair
value and subsequently measured at amortised
cost using the effective interest method, less
provision for impairment.

XVIII BORROWING COST:

Interest and other costs in connection with the
borrowing of the funds to the extent related /
attributed to the acquisition / construction of
qualifying fixed assets are capitalised up to the
date when such assets are ready for its intended
use and all other borrowing costs are recognised
as an expense in the period in which they are
incurred.

(i) The company has only one class of shares referred to as equity shares having par value of Rs.2/- each. Each
holder of equity share is entitled to one vote per share. In the event of liquidation of the company, the
holders of equity shares will be entitled to receive the remaining assets of the company after distribution of
all preferential amounts. The distribution will be in proportion of the number of equity shares held by the
shareholders.

(ii) Reconciliation of the number of shares and amount outstanding at the beginning and at the end of the
reporting period:

Bonus Shares

The Board of Directors vide Board Resolution on July
26, 2024 and EOGM July 25, 2024, allotted 47,98,800
Equity Shares via Bonus Issue in the ratio of 400:1.
by capitalising INR 47988000/-. The Bonus Shares so
allotted shall Rank pari-passu with existing shares of
the company and shall always subject to the terms
and conditions contained in the Memorandum and
Articles of Association of the Company.

Further, the Company at their Extra Ordinary General
Meeting on November 06,2024, approved issue of
Bonus Equity Shares of Rs. 10/- each credited fully
paid up to eligible members of the Company in the
proportion of 7:10, 7 new fully paid up Equity Shares
of Rs. 10/- each for every 10 existing fully paid up
equity shares of Rs. 10/- each by capitalizing a sum of

Rs. 3,36,75,579/- allotted at the Board Meeting held
on November 07, 2024.

Sub division/ Split of Shares :

The Company at their Extra Ordinary General Meeting
on November 09,2024, approved sub division of
Equity Shares of the Company (all authorized, issued,
Subscribed and paid up) of Nominal Value Rs. 10/-
each existing on the date of restated financials shall
stand sub divided into 5 Equity Shares of Nominal
Value Rs. 2/- each fully paid up.

(v) The Company does not have any holding
company.

(vi) Details of shares held by each shareholder
holding more than 5% shares:

Undisclosed Income

(xv) The Company does not have any transaction which
is 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 (such as, search or survey or any other
relevant provisions of the Income Tax Act, 1961)

CSR

(xvi) The company falls under the provisions of Section
135 of the Companies Act, 2013 and accordingly,

the Corporate Social Responsibility (CSR)
disclosures are applicable to the company. The
CSR Committee has been duly constituted, and
the company has spent the prescribed amount
towards CSR activities during the year. A detailed
report on CSR activities, in the prescribed format,
is enclosed as an annexure to the Board’s Report
forming part of the audited financial statements.

Details of Crypto currency and Virtual Currency

(xvii) The Company has not traded or invested in Crypto
currency or Virtual Currency during reporting period.

NOTE 33

Previous period figures have been regrouped / rearranged wherever necessary to conform to the current years’
presentation.

Significant Accounting Policies and Notes forming an integral part of the Financial Statements 1 to 33

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

For GMJ & Co. Studio LSD Limited

Chartered Accountants
FRN 103429W

CA SONIA DIDWANIA Prateek Sharma Parth Shah

Partner Managing Director Whole Time Director

M.No. 410461 (DIN 07718678) (DIN 07990904)

Place : Mumbai Ruchika Mishra Kiran Goklani

Date : 23^rd June, 2025 Chief Financial Officer Company Secretary