10.1 The Company has only one class of equity share having par value of ? 10 per share. Each holder of equity share is entitled to one vote per share held. All the equity shares rank pari passu in all respects including but not limited to entitlement for dividend, bonus issue and rights issue. In the event of liquidation, the equity shareholders are eligible to receive the remaining assets of the Company after distribution of all liabilities, in proportion to their shareholding.

The discount rate is based on the prevailing market yields of Government of India bonds as at the Balance Sheet date for the estimated term of the obligations.

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.

v Sensitivity Analysis

Significant actuarial assumptions for the determination of the defined benefit obligation are discount rate, expected salary increase and employee attrition rate. The sensitivity analysis below, have been determined based on reasonable possible change of the assumptions occurring at the end of the reporting period, while holding all other assumptions constant. The result of Sensitivity Analysis is given below:

vii These Plans typically expose the Company to actuarial risks such as: Interest Risk, Longevity Risk and Salary Risk. Interest Risk - A decrease in the discount rate will increase the plan liability.

Longevity Risk - The present value of the defined benefit plan liability is calculated by reference to the best estimate of the mortality of plan participants. An increase in the life expectancy of the plan participants will increase the plan’s liability.

Salary Risk - The present value of the defined plan liability is calculated by reference to the future salaries of plan participants. As such, an increase in the salary of the plan participants will increase the plan’s liability.

22.2 CORPORATE SOCIAL RESPONSIBILITY (CSR)

The provisions of Section 135 of the Companies Act, 2013 relating to Corporate Social Responsibility are not applicable to the Company.

23.2 In the absence of reasonable certainty that sufficient taxable profits will be available against which the deductible temporary differences and the carry forward of unused tax credit and carried forward unused tax losses can be utilised, the Company has not recognized the deferred tax assets amounting to ? 824.05 lakh (Previous year ? 1,034.39 lakh) arising out of unused tax credits, provisions, carried forward unused tax losses, whose expiry extends till FY 2032-33 and other items. The same shall be reassessed at subsequent balance sheet date.

Future Cash Flows in respect of above matters are determinable only on receipt of judgements/ decisions pending at various forums/ authorities. The Company has been advised that the demand is likely to be either deleted or substantially reduced and accordingly no provision is considered necessary.

ii COMMITMENTS

The Company does not have any Capital Commitments as on 31st March, 2025 (Previous year Nil).

27 The Company had closed the printing press business and discontinued the printing operations.

As at 31st March 2025, the carrying amount of such assets and liabilities of discontinued operations which were not disposed off ? 952.32 lakhs (previous year ? 952.77 lakhs) and ? 65.24 lakhs (previous year ? 92.49 lakhs) respectively. During the year, the Company has used cash in operating activities (discontinued operations) ? 81.73 lakh (Previous year ? 106.81 lakh) and cash flow from investing (discontinued operations) and financing activities (discontinued operations) is Nil (Previous year Nil).

29 CAPITAL AND FINANCIAL RISK MANAGEMENT

29.1 CAPITAL MANAGEMENT

The Company manages its capital to ensure that it will continue as going concern while maximising the return to stakeholders through the optimisation of the debt and equity balance with support from the parent company.

29.2 FINANCIAL RISK MANAGEMENT

The Company’s activities exposes it mainly to credit risk, liquidity risk and market risk. The treasury team identifies and evaluates financial risk in close coordination with the Company’s business teams.

i CREDIT RISK

The Company is exposed to credit risk from its financing activities.

ii LIQUIDITY RISK

The Company closely monitors its risk of shortage of funds. The Company’s objective is to maintain a balance between continuity of funding and flexibility. The Company assessed the concentration of risk with respect to its debt as medium. As at reporting date, the Company’s term loan and all other financial liabilities of the Company are medium term. Further, the Company believes that carrying value of all of its financial liabilities including debt approximates its fair value.

30.1 The fair value hierarchy is based on inputs to valuation techniques that are used to measure fair value that are either observable or unobservable and consist of the following three levels:

Level 1: Inputs are Quoted prices (unadjusted) in active markets or Net Assets Value (NAV) for identical assets or liabilities.

Level 2: Inputs are other than the quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).

Level 3: Inputs are not based on observable market data (unobservable inputs). Fair values are determined in whole or in part using a valuation model based on assumption that are neither supported by prices from observable current market transactions in the same instrument nor are they based on available market data.

30.2 Valuation Methodology

All financial instruments are initially recognised and subsequently re-measured at fair value as described below:

a. The fair value of investment in quoted Equity Shares and Mutual Funds is measured at quoted price or Net Asset Value (NAV), as applicable.

b. The fair value of the remaining financial instruments is determined based on adjusted quoted price of underlying assets, information about market participants, assumptions and other data that are available including using discounted cash flow analysis, as applicable.

$$ Capital employed includes Equity, Borrowings and reduced by Cash and Cash Equivalents.

32 Details of Loan given, Investment made and Guarantee given covered u/s 186 (4) of the Companies Act, 2013.

(a) No loan given by the Company to body corporate as at 31st March, 2025 and 31st March, 2024.

(b) No investment made by the Company as at 31st March, 2025 and 31st March, 2024.

(c) No Guarantee has been given by the Company as at 31st March, 2025 and 31st March, 2024.

33 The Company had discontinued its operations in the earlier years and has incurred net loss of ? 373.30 lakh during the year ended 31st March, 2025 and as of that date the Company’s accumulated losses amount to ? 10,987.08 lakh which has resulted in negative net worth of the Company. The Management is evaluating various options, including starting a new line of business. Network18 Media & Investments Limited, the Holding Company, has given a support letter, for the foreseeable future, to extend any support which may be required by the Company. Considering these factors,the financial statement have been prepared on a going concern basis.

34 The Company has discontinued its operations, hence there is no separate reportable business or geographical segments as per Ind AS 108 “Indian Accounting Standard on Operating Segments”.

35 There are no balance outstanding as on 31st March, 2025 and 31st March, 2024 on account of any transaction with companies struck off under section 248 of the Companies Act, 2013 or section 560 of Companies Act,1956.

36 OTHER STATUTORY INFORMATION

(a) 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:

(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.

(c) The Company does not have any such 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.

37 Previous year’s figures have been regrouped wherever necessary to make them comparable to current year’s figures.

38 The financial statements were approved for issue by the Board of Directors on 16th April, 2025.