2 Proposed Dividend Details:

The Company has not declared dividend during the period under review

3 No issue of securities were made for any specific purpose by the Company during the reporting year

4 The Company has not made borrowings from banks and financial institution for any specific purposes during the year.

The assets other than Property, Plant and Equipment, Intangible Assets and non-current investments have value on realization in the ordinary course of business equal to the amount at which they are stated

6 Details of Benami Property held

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}.

The company has no borrowing from the banks or financial institutions on the basis of security of current assets, hence no quarterly returns or statements of current assets are required to be filed by the Company with any the banks or financial institutions.

8 Wilful Defaulter

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

9 Relationship with Struck off Companies

The Company has not entered into any transactions with companies struck off under section 248 of the Companies Act, 2013.

10 Registration of charges or satisfaction with Registrar of Companies:

The Company do not have any charge to be registered with Registrar of Companies beyond the statutory period

11 Compliance with number of layers of companies:

The Company has subsidiaries with one 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 or invested funds (either borrowed funds or share premium or any other sources or kind of funds) to any other person(s) or entity(les), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) 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 (whether recorded in writing or otherwise) 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. ___ __^

15 Corporate Social Responsibility:

Company shall not be required to comply with Corporate Social Responsibility (CSR) as provisions of section 115 of the Companies Act, 2013 is no’ applicable

16 During the year, the Company has set aside an amount of Rs. 1600 lakhs to reserve to issue Bonus Shares

No amounts have been set aside or uroposed to be set aside to reserve to meet any specific liability, contingency or commitment known to exit at the dare as at which balance sheet

¹⁷ made up.

20 Undisclosed income.

There are no transactions that were not recorded in the books of account, and which has been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (43 of 1961).

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

21 Details of Cry pto Currency or Virtual Currency:

Tne Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

22 Duet to Micro, Small and Me JIurti enterprises:

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

23 Disclosure of related parties/related party transactions pursuant to Accounting Standard (AS) -18 "Related Party Disclosures":

Figures within brockets (J represents Previous Year's amount.

1 Terms and conditions of soles and purchases: the sores and purchases transactions among the related parties are rn the ordinary course of business based on normal commercial terms, conditrons. market rates and memorandum of understanding signed with the related parties. For the year ended 31st March. 2023. the Company has not recorded any loss allowances for transactions between the related parties.

2. As the future nobilities for gratuity and leave encashment is provided on an actuarial basis and payment of insurance costs are mode for the Company as a whole, the omount pertaining to the key management personnel is not ascertainable, therefore, not disclosed seperotely

3. No amounts In respect of related parties have been written off/ written back during the year or has not mode any provision for doubtful debts/ receivable.

26 Employee Benefit (Incurred In India):

Provident Fund Ý The Company has contributed Rs.44.51 lakhs for the period ended March 31, 2023 and Rs. 30.53 lakhs in the previous year ended 31 March 2022 towards the Employees Provident Fund.

Employees¹ State Insurance - The Company has contributed Rs.2.63 lakhs for the period ended March 31, 2023 and Rs.l 24 lakhs in the previous year ended 31 March 2022 towards the Employees State Insurance Corporation.

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

The estimates of rate of escalation in salary considered in actuarial valuation, take into account inflation, seniority, promotion and other relevant factors including supply and demand in the employment market. The above information is certified by the actuary.

27 Cashflow Statement

(1) The amount of significant cash and cash equivalent balances held by the enterprise as at March 31,2023 was Rs 536.13 lakhs that are available for use by Company.

(2) Company does not have undrawn borrowing facilities that may be available for future operating activities.

(3) The Company has appropriate amount of Cash Flows that are required to maintain operating capacity

(4) Company is investing adequately in the maintenance of its operating capacity.

(5) There are no non cash transactions happened in investing and financing activities 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 Polices made by the Company during the year.

30 Disclosures on PPE and Intangible Assets

I. Property, Plant and Equipment

(1) There is no restriction on the title of Property, Plant and Equipment and Property, Plant & Equipment was not pledged against borrowings.

(2) Company has not constructed any item in Property, Plant & equipment.

(3) Company has no contractual commitments for the acquisition of Property,Plant & Equipment.

(4) Company has no Impairment loss during the period for Property, Plant & Equipment

(5) No assets has been retired from active use and held for disposal

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

(7) There are no fully depreciated property, plant and equipment that is still in use.

(8) There are no amounts of intangible assets whose title is restricted and the carrying amounts of intangible assets pledged^fictjfi^or liabilities.

31 Investments

I. Profits and losses with regard to Investments have been disclosed as under:

a) profits and losses on disposal of current investments

b) profits and losses on changes in the carrying amount of current investments

c) profits and losses on disposal of long-term investments

d) profits and losses on changes in the carrying amount of long- te'm investments

II. Significant restrictions of the foliowing with regard to investments have been disclosed:

a) right of ownership of investments

b) realizability of investments

c) remittance of income on investments

d) remittance of proceeds of disposals

32 Segment Reporting

The Company does no? have reportable segment . The Company has only one segment namely VFX services hence segment reporting has not been presented.

36 Balance shuwn under head Sundry debtors, cred'tors and advanzes are subject to confirmation.

37 Previous year's figures hive been regrouped / reclassified wherever necessary to correspond with current year's cla