1.11 PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS
Provisions

Provisions are recognised when the Company has a present legal or constructive obligation as a result of past events, it is
probable that an outflow of resources embodying economic benefits will be required to settle the obligation and the amount
can be reliably estimated. Provisions are not recognised for future operating losses.

Provisions are measured at the present value of management''s best estimate of the expenditure required to settle the
present obligation at the end of the reporting period. The discount rate used to determine the present value is a current pre¬
tax rate. The increase in the provision due to the passage of time is recognised as interest expense.

Contingent Liability

Contingent liability is a possible obligation arising from past events and whose existence will be confirmed only by the
occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity or a
present obligation that arises from past events but is not recognized because it is not probable that an outflow of resources
embodying economic benefits will be required to settle the obligation or the amount of the obligation cannot be measured
with sufficient reliability. The Company does not recognize a contingent liability but discloses its existence in the standalone
financial statements.

Contingent Asset

Contingent asset is not recognised in standalone financial statements since this may result in the recognition of income that
may never be realised. However, when the realisation of income is virtually certain, then the related asset is not a contingent
asset and is recognized.

Provisions, contingent liabilities and contingent assets are reviewed at each Balance Sheet date.

1.12 EMPLOYEE BENEFITS

(i) Short-term obligation

Short term employee benefits are recognised as an expense at an undiscounted amount in the Statement of profit and
loss of the year in which the related services are rendered.

(ii) Post-employment obligations

The Company operates the following post-employment schemes:

• defined benefit plans such as gratuity; and

• defined contribution plans such as provident fund

Gratuity obligations

The liability recognised in the balance sheet in respect of defined benefit gratuity plans is the present value of the
defined benefit obligation at the end of the reporting period.The defined benefit obligation is calculated annually by
actuaries using the projected unit credit method.

The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows by
reference to market yields at the end of the reporting period on government bonds that have terms approximating to
the terms of the related obligation.

The interest cost is calculated by applying the discount rate to the balance of the defined benefit obligation .This cost
is included in employee benefit expense in the statement of profit and loss.

Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions are
recognised in the period in which they occur, directly in other comprehensive income. They are included in retained
earnings in the statement of changes in equity and in the balance sheet.

Defined contribution plans

The Company contributes to Employees State Insurance Corporation and Provident Fund which are considered as
defined contribution plans. The Company makes specified monthly contributions towards Government administered
provident fund scheme. The Company has no further payment obligations once the contributions have been paid. The
contributions are accounted for as defined contribution plans and the contributions are recognised as employee benefit
expense when they are due. Prepaid contributions are recognised as an asset to the extent that a cash refund or a
reduction in the future payments is available.

(iii) Other long-term employee benefit obligations

The liabilities for leave are not expected to be settled wholly within 12 months after the end of the period in which the
employees render the related service. They are therefore measured as the present value of expected future payments
to be made in respect of services provided by employees up to the end of the reporting period using the projected
unit credit method. The benefits are discounted using the market yields at the end of the reporting period that have
terms approximating to the terms of the related obligation. Remeasurements as a result of experience adjustments and
changes in actuarial assumptions are recognised in statement of profit and loss.

The obligations are presented as current liabilities in the balance sheet if the entity does not have an unconditional right
to defer settlement for at least twelve months after the reporting period, regardless of when the actual settlement is
expected to occur.

.13 REVENUE FROM CONTRACTS WITH CUSTOMERS

(i) Revenue from sale of services and sale of products

The Company derives revenue primarily from Cable TV business comprising of Cable TV services and other related
services

Revenue towards satisfaction of a performance obligation is measured at the amount of transaction price (net of
variable consideration) allocated to that performance obligation. The transaction price of promised products sold or

services rendered to customers is net of variable consideration that reflects the consideration the Company expects
to receive in exchange for those products or services. Subscription income is recognised on accrual basis, based on
underlying subscription plan or agreements with the subscribers.

Goods and Service Tax (GST) collected on behalf of the government is excluded from Revenue, as it is not an economic
benefit to the Company.

Trade Receivables

A receivable represents the company’s right to an amount of consideration that is unconditional (i.e., only the passage
of time is required before payment of the consideration is due).

Contract Liabilities

A contract liability is the obligation to transfer goods or services to a customer for which the Company has received
consideration (or an amount of consideration is due) from the customer. If a customer pays consideration before the
Company transfers goods or services to the customer, a contract liability is recognised when the payment is made or
the payment is due (whichever is earlier), which we refer to as Unearned Revenue. Contract liabilities are recognised
as revenue when the Company performs under the contract.

(ii) Other Operating Revenues

Other Operating Income comprises of fees for rendering management, technical and consultancy services. Income from
such services is recognised upon satisfaction of performance obligations as per the terms of underlying agreements
with the concerned parties, when no significant uncertainties exist regarding the amount of consideration that will be
derived.

1.14 RECOGNITION OF INTEREST INCOME

Interest income from debt instruments is recognised using the effective interest rate method.

1.15 TAXES ON INCOME
Current Tax:

Tax on income for the current period is determined on the basis on estimated taxable income and tax credits computed in
accordance with the provisions of the relevant tax laws and based on the expected outcome of assessments / appeals.

Current income tax relating to items recognised directly in equity is recognised in equity and not in the statement of profit
and loss.

Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax
regulations are subject to interpretation and establishes provisions where appropriate.

Deferred tax:

Deferred tax is provided using the balance sheet approach on temporary differences at the reporting date between the tax
bases of assets and liabilities and their carrying amounts for financial reporting purposes at the reporting date.

Deferred tax assets are recognised for all deductible temporary differences, the carry forward of unused tax credits and any
unused tax losses. Deferred tax assets are recognised to the extent that it is probable that taxable profit will be available
against which the deductible temporary differences, and the carry forward of unused tax credits and unused tax losses can
be utilised.

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no longer
probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilised. Unrecognised

deferred tax assets are reassessed at each reporting date and are recognised to the extent that it has become probable that
future taxable profits will allow the deferred tax asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is
realised or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the
reporting date.

Deferred tax relating to items recognised outside the statement of profit and loss is recognised outside the statement of
profit and loss. Deferred tax items are recognised in correlation to the underlying transaction either in other comprehensive
income or directly in equity.

The break-up of the major components of the deferred tax assets and liabilities as at balance sheet date has been arrived
at after setting off deferred tax assets and liabilities where the Company have a legally enforceable right to set-off assets
against liabilities.

1.16 EARNINGS PER SHARE (EPS)

Basic Earnings Per Share

Basic earnings per share is calculated by dividing the profit (or loss) attributable to the owners of the Company by the
weighted average number of equity shares outstanding during the year. The weighted average number of equity shares
outstanding during the year is adjusted for bonus issue, bonus element in a rights issue to existing shareholders, share split
and reverse share split (consolidation of shares).

Diluted Earnings Per Share

Diluted earnings per share is computed by dividing the profit (considered in determination of basic earnings per share) after
considering the effect of interest and other financing costs or income (net of attributable taxes) associated with dilutive
potential equity shares by the weighted average number of equity shares considered for deriving basic earnings per share
adjusted for the weighted average number of equity shares that would have been issued upon conversion of all dilutive
potential equity shares.

1.17 LEASES

Short term leases and lease of low value assets

The Company’s lease arrangements are short term in nature. The Company has elected not to recognise right-of-use assets
and lease liabilities for leases of low-value assets and short-term leases, including IT equipment. The Company recognises
the lease payments associated with these leases as an expense in profit or loss on a straight-line basis over the lease term.

c) Rights, Preference and restrictions attached to Shares:

Terms/ Rights attached to Equity Shares

The Company has only one class of shares referred to as equity shares having a face value of '' 10/-. Each holder of equity
shares is entitled to one vote per share and proportionate amount of dividend if declared to the total number of shares. In the
event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company,
after distribution of all preferential amounts in proportion to the number of equity shares held by the share holders.

4.01 Contingent Liabilities

The Company has received Show Cause cum Demand notices (“SCNs”) from the Department of Telecommunications
(“DOT”), Government of India for the financial years from 2005-06 to 2007-08 and from 2009-10 to 2014-15 towards
license fees amounting to '' 4130.38 Lakhs which includes penalty and interest thereon (March 31, 2025 : '' 4130.38
including penalty and interest for the financial years from 2005-06 to 2007-08 and from 2009-10 to 2014-15). The Company
has made representation to DOT contesting the basis of such demands. Based on the opinion of legal expert, the Company
is confident that it has good grounds on merit to defend itself in the above matter. Accordingly, the Company is of the view
that no provision is necessary in respect of the aforesaid matter.

Other than SCNs stated above there are no claims against the Company, not acknowledged as debt.

4.02 Capital And Other Commitments

There are no Capital and other commitments as at March 31, 2026 (March 31, 2025 : Nil)

4.03 Employee Benefits

The Company provides for gratuity, a defined benefit retirement plan covering eligible employees, as governed by the
Payment of Gratuity Act, 1972 (Gratuity Act). The gratuity plan provides a lump sum payment to vested employees at
retirement, death, incapacitation or termination of employment, of an amount equivalent to 15 to 26 days’ salary for each
completed year of service subject to a maximum of '' 20 (March 31, 2026: '' 20). Vesting occurs upon completion of five
continuous years of service as governed by Gratuity Act.

The Present value of the defined benefit obligations and related current service cost were measured using the Projected Unit
Credit Method, with actuarial valuation being carried out at each Balance Sheet date.

Risk exposure:

Provision of a defined benefit scheme poses certain risks, some of which are detailed hereunder, as companies take on
uncertain long term obligations to make future benefit payments.

Liability Risks:Investment Risk -

The present value of the defined benefit plan liability is calculated using a discount rate determined by reference to
government bond yields. If the return on plan asset is below this rate, it will move net liability unfavourably.

Interest Risk -

A decrease in the bond interest rate will increase the plan liability. However, this will be partially offset by an increase in the
return on the plan’s debt investments.

Longevity Risk -

There is no longevity risk to the company in respect of post-retirement mortality. However, the demographic risk of attrition
being different from what has been assumed still remains with the company.

Salary Risk -

The Gratuity benefit, being based on last drawn salary, will be critically effected in case of increase in future salaries being
more than assumed.

Unfunded Plan Risk -

This represents unmanaged risk and a growing liability. There is an inherent risk here that the company may default on
paying the benefits in adverse circumstances.

Expected contributions for the next year

The plan is unfunded as on the valuation date.

Sensitivity analysis

Sensitivity analysis indicates the influence of a reasonable change in certain significant assumptions on the outcome of the
Present Value of obligation (PVO) and aids in understanding the uncertainty of reported amounts. Sensitivity analysis is done by
varying one parameter at a time and studying its impact.

b. Defined Contribution Plans:

The Company contributes towards provident fund to a defined contribution plan for qualifying employees. Under the plan,
the Company is required to contribute a specified percentage of payroll cost to the defined contribution plan to fund the
benefits.

Amount of'' 3.00 (Previous year '' 3.07) is recognised as an expenses and included in Employee benefit expenses (Refer
Note 3.04).

4.04 Leases

As a Lessee

Short term leases accounted in the statement of Profit and Loss for the Financial Year 2025-26 is '' 5.58 (Previous year
'' 5.42- Refer Note: 3.03).

4.05 Capital Management

The Company manages its capital structure to ensure that it will be able to continue as a going concern while maximising
the return to the stakeholders.

The principal source of funding of the Company has been, and is expected to continue from cash generated from its
operations.

4.06 Financial Instruments

i) Methods and assumptions used to estimate the fair values

The fair values of the financial assets and liabilities are included at the amount at which the instrument could be
exchanged in a current transaction between willing parties, other than in a forced or liquidation sale.

a) The carrying amounts of trade receivables, cash and cash equivalents, trade payables, and other financial liabilities
are considered to be the same as their fair values, due to their short-term nature.

Credit risk

Credit risk arises from the possibility that counter party will cause financial loss to the company by failing to discharge its
obligation as agreed. The Company’s exposure to credit risk arises mainly from the trade receivables, distributor commission
and balances with banks.

Credit risks from balances with banks are managed in accordance with the Company policy. The Company’s major revenue
streams arises from services provided to end use customers in form of monthly subscription income. The trade receivables
on account of subscription income are typically un-secured and derived from sales made to large number of independent
customers. There is no concentration of credit risk.

Liquidity risk

Liquidity risk is defined as the risk that the Holding company will encounter difficulty in meeting obligations associated with
financial liabilities that are settled by delivering cash or another financial asset.

Management monitors rolling forecasts of the Holding Company’s liquidity position and cash and cash equivalents on the
basis of expected cash flows.

Maturities of financial liabilities

The table below provides details regarding the remaining contractual maturities of financial liabilities at the reporting date
based on contractual undiscounted payments.

4.10 Financial Year 2025-26

The Company has made the Investment in following body corporate during the year.

Hathway Bhwani NDS Network Limited - 15,190 equity shares amounting to '' 15,190.

During the year, the company has given not given loans or guarantee or security in terms of section 186(4) of the Act.
Financial Year 2024-25

During the Financial year 2024-25, the company has not given any loans or gurantee or security or investment made in
terms of section 186(4) of the Act.

4.11 Supplementary statutory information required to be given pursuant to Schedule V of Regulation 34(3) and 53(f) of the SEBI
(Listing obligation & Disclosure requirement) Regulations,2015. - Nil

4.13 Revenue from contract with customers
Disaggregation of Revenue

As the Company’s business activity falls within a single business segment viz. providing Cable Television services which
is considered as the only reportable segment and the revenue substantially being in the domestic market, the financial
statements are reflective of the information required by Ind AS 108 “Operating Segment”. The nature, amount, timing and
uncertainty of revenue and cash flows are similar across company’s revenue from contracts with customers. Accordingly,
there is no disaggregation of revenue disclosed.

Contract Balances

The Company classifies the right to consideration in exchange for deliverables as either a receivable or as unbilled revenue.
Trade receivable and unbilled revenues are presented net of impairment in the Balance Sheet.

Performance Obligations

Applying the practical expedient as given in Ind AS 115, the Company has not disclosed the remaining performance obligation
related disclosures for contracts as original duration is 1 year or less. The Company is engaged in distribution Television
Channels through digital cable distribution network and on revenue primarily in the form of subscription, marketing and
promotional income and incentives. The company does not give significate credit period resulting in no significate financing
component.

4.14 Additional Regulatory Information pursuant to the requirement in Division II of Schedule III to the Companies Act 2013 :

(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the
Company for holding any Benami property.

(ii) The company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013
or section 560 of the Companies Act, 1956.

(iii) 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.

(iv) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

(v) 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.

(vi) 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.

(vii) The Company has not 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 (such as, search or
survey or any other relevant provisions of the Income Tax Act, 1961.

(viii) The Company has no borrowings from banks and financial institutions on the basis of security of current assets.

(ix) None of the entities in the Company have been declared wilful defaulter by any bank or financial institution or government
or any government authority.

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

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

4.15 Audit Trail Note:

The Company uses an accounting software for maintaining its books of account which has a feature of recording audit trail
for each and every transaction, creating an edit log of each change made in books of account along with the date when such
changes were made and the same has operated throughout the year. Additionally, the audit trail has been preserved by the
Company as per the statutory requirements for record retention.

The Company has taken all necessary steps to be compliant with the above requirement of audit trail functionality since it’s
effective date.

1.11 PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS
Provisions

Provisions are recognised when the Company has a present legal or constructive obligation as a result of past events, it is
probable that an outflow of resources embodying economic benefits will be required to settle the obligation and the amount
can be reliably estimated. Provisions are not recognised for future operating losses.

Provisions are measured at the present value of management''s best estimate of the expenditure required to settle the
present obligation at the end of the reporting period. The discount rate used to determine the present value is a current
pre-tax rate. The increase in the provision due to the passage of time is recognised as interest expense.

Contingent Liability

Contingent liability is a possible obligation arising from past events and whose existence will be confirmed only by the
occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity or a
present obligation that arises from past events but is not recognized because it is not probable that an outflow of resources
embodying economic benefits will be required to settle the obligation or the amount of the obligation cannot be measured
with sufficient reliability. The Company does not recognize a contingent liability but discloses its existence in the standalone
financial statements.

Contingent Asset

Contingent asset is not recognised in standalone financial statements since this may result in the recognition of income that
may never be realised. However, when the realisation of income is virtually certain, then the related asset is not a contingent
asset and is recognized.

Provisions, contingent liabilities and contingent assets are reviewed at each Balance Sheet date.

1.12 EMPLOYEE BENEFITS

(i) Short-term obligation

Short term employee benefits are recognised as an expense at an undiscounted amount in the Statement of profit and
loss of the year in which the related services are rendered.

(ii) Post-employment obligations

The Company operates the following post-employment schemes:

• defined benefit plans such as gratuity; and

• defined contribution plans such as provident fund
Gratuity obligations

The liability recognised in the balance sheet in respect of defined benefit gratuity plans is the present value of the
defined benefit obligation at the end of the reporting period.The defined benefit obligation is calculated annually by
actuaries using the projected unit credit method.

The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows
by reference to market yields at the end of the reporting period on government bonds that have terms approximating
to the terms of the related obligation.

The interest cost is calculated by applying the discount rate to the balance of the defined benefit obligation .This cost
is included in employee benefit expense in the statement of profit and loss.

Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions are
recognised in the period in which they occur, directly in other comprehensive income. They are included in retained
earnings in the statement of changes in equity and in the balance sheet.

Defined contribution plans

The Company contributes to Employees State Insurance Corporation and Provident Fund which are considered as
defined contribution plans. The Company makes specified monthly contributions towards Government administered
provident fund scheme. The Company has no further payment obligations once the contributions have been paid.
The contributions are accounted for as defined contribution plans and the contributions are recognised as employee
benefit expense when they are due. Prepaid contributions are recognised as an asset to the extent that a cash refund
or a reduction in the future payments is available.

(iii) Other long-term employee benefit obligations

The liabilities for leave are not expected to be settled wholly within 12 months after the end of the period in which the
employees render the related service. They are therefore measured as the present value of expected future payments
to be made in respect of services provided by employees up to the end of the reporting period using the projected
unit credit method. The benefits are discounted using the market yields at the end of the reporting period that have
terms approximating to the terms of the related obligation. Remeasurements as a result of experience adjustments
and changes in actuarial assumptions are recognised in statement of profit and loss.

The obligations are presented as current liabilities in the balance sheet if the entity does not have an unconditional
right to defer settlement for at least twelve months after the reporting period, regardless of when the actual settlement
is expected to occur.

1.13 REVENUE FROM CONTRACTS WITH CUSTOMERS

(i) Revenue from sale of services and sale of products

The Company derives revenue primarily from Cable TV business comprising of Cable TV services and other related
services

Revenue towards satisfaction of a performance obligation is measured at the amount of transaction price (net of
variable consideration) allocated to that performance obligation. The transaction price of promised products sold or
services rendered to customers is net of variable consideration that reflects the consideration the Company expects
to receive in exchange for those products or services. Subscription income is recognised on accrual basis, based on
underlying subscription plan or agreements with the subscribers.

Goods and Service Tax (GST) collected on behalf of the government is excluded from Revenue, as it is not an economic
benefit to the Company.

Trade Receivables

A receivable represents the company’s right to an amount of consideration that is unconditional (i.e., only the passage
of time is required before payment of the consideration is due)..

Contract Liabilities

A contract liability is the obligation to transfer goods or services to a customer for which the Company has received
consideration (or an amount of consideration is due) from the customer. If a customer pays consideration before the
Company transfers goods or services to the customer, a contract liability is recognised when the payment is made or
the payment is due (whichever is earlier), which we refer to as Unearned Revenue. Contract liabilities are recognised
as revenue when the Company performs under the contract.

(ii) Other Operating Revenues

Other Operating Income comprises of fees for rendering management, technical and consultancy services. Income
from such services is recognised upon satisfaction of performance obligations as per the terms of underlying
agreements with the concerned parties, when no significant uncertainties exist regarding the amount of consideration
that will be derived.

1.14 RECOGNITION OF INTEREST INCOME

Interest income from debt instruments is recognised using the effective interest rate method.

1.15 TAXES ON INCOME
Current Tax:

Tax on income for the current period is determined on the basis on estimated taxable income and tax credits computed in
accordance with the provisions of the relevant tax laws and based on the expected outcome of assessments / appeals.

Current income tax relating to items recognised directly in equity is recognised in equity and not in the statement of profit
and loss.

Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax
regulations are subject to interpretation and establishes provisions where appropriate.

Deferred tax:

Deferred tax is provided using the balance sheet approach on temporary differences at the reporting date between the tax
bases of assets and liabilities and their carrying amounts for financial reporting purposes at the reporting date.

Deferred tax assets are recognised for all deductible temporary differences, the carry forward of unused tax credits and any
unused tax losses. Deferred tax assets are recognised to the extent that it is probable that taxable profit will be available
against which the deductible temporary differences, and the carry forward of unused tax credits and unused tax losses can
be utilised.

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no
longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilised.
Unrecognised deferred tax assets are reassessed at each reporting date and are recognised to the extent that it has become
probable that future taxable profits will allow the deferred tax asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is
realised or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the
reporting date.

Deferred tax relating to items recognised outside the statement of profit and loss is recognised outside the statement of
profit and loss. Deferred tax items are recognised in correlation to the underlying transaction either in other comprehensive
income or directly in equity.

The break-up of the major components of the deferred tax assets and liabilities as at balance sheet date has been arrived
at after setting off deferred tax assets and liabilities where the Company have a legally enforceable right to set-off assets
against liabilities.

1.16 EARNINGS PER SHARE (EPS)

Basic Earnings Per Share

Basic earnings per share is calculated by dividing the profit (or loss) attributable to the owners of the Company by the
weighted average number of equity shares outstanding during the year. The weighted average number of equity shares
outstanding during the year is adjusted for bonus issue, bonus element in a rights issue to existing shareholders, share
split and reverse share split (consolidation of shares).

Diluted Earnings Per Share

Diluted earnings per share is computed by dividing the profit (considered in determination of basic earnings per share) after
considering the effect of interest and other financing costs or income (net of attributable taxes) associated with dilutive
potential equity shares by the weighted average number of equity shares considered for deriving basic earnings per share
adjusted for the weighted average number of equity shares that would have been issued upon conversion of all dilutive
potential equity shares.

1.17 LEASES

Short term leases and lease of low value assets

The Company’s lease arrangements are short term in nature. The Company has elected not to recognise right-of-use assets
and lease liabilities for leases of low-value assets and short-term leases, including IT equipment. The Company recognises
the lease payments associated with these leases as an expense in profit or loss on a straight-line basis over the lease term.

4.01 Contingent Liabilities

The Company has received Show Cause cum Demand notices (“SCNs”) from the Department of Telecommunications
(“DOT”), Government of India for the financial years from 2005-06 to 2007-08 and from 2009-10 to 2014-15 towards
license fees amounting to '' 4130.38 which includes penalty and interest thereon (March 31, 2024 : '' 4130.38 including
penalty and interest for the financial years from 2005-06 to 2007-08 and from 2009-10 to 2014-15). The Company has
made representation to DOT contesting the basis of such demands. Based on the opinion of legal expert, the Company is
confident that it has good grounds on merit to defend itself in the above matter. Accordingly, the Company is of the view
that no provision is necessary in respect of the aforesaid matter.

Other than SCNs stated above there are no claims against the Company, not acknowledged as debt.

4.02 Capital And Other Commitments

There are no Capital and other commitments as at March 31, 2025 (March 31, 2024 : Nil)

4.03 Employee Benefits

The Company provides for gratuity, a defined benefit retirement plan covering eligible employees, as governed by the
Payment of Gratuity Act, 1972 (Gratuity Act). The gratuity plan provides a lump sum payment to vested employees at

retirement, death, incapacitation or termination of employment, of an amount equivalent to 15 to 26 days’ salary for each
completed year of service subject to a maximum of '' 20 (March 31, 2024: '' 20). Vesting occurs upon completion of five
continuous years of service as governed by Gratuity Act.

The Present value of the defined benefit obligations and related current service cost were measured using the Projected
Unit Credit Method, with actuarial valuation being carried out at each Balance Sheet date.

Risk exposure:

Provision of a defined benefit scheme poses certain risks, some of which are detailed hereunder, as companies take on
uncertain long term obligations to make future benefit payments.

Liability Risks:

Investment Risk -

The present value of the defined benefit plan liability is calculated using a discount rate determined by reference to
government bond yields. If the return on plan asset is below this rate, it will move net liability unfavourably.

Interest Risk -

A decrease in the bond interest rate will increase the plan liability. However, this will be partially offset by an increase in the
return on the plan’s debt investments

Longevity Risk -

There is no longevity risk to the company in respect of post-retirement mortality. However, the demographic risk of attrition
being different from what has been assumed still remains with the company.

Salary Risk -

The Gratuity benefit, being based on last drawn salary, will be critically effected in case of increase in future salaries being
more than assumed.

Unfunded Plan Risk -

This represents unmanaged risk and a growing liability. There is an inherent risk here that the company may default on
paying the benefits in adverse circumstances.

Defined Contribution Plans:

The Company contributes towards provident fund to a defined contribution plan for qualifying employees. Under the plan,
the Company is required to contribute a specified percentage of payroll cost to the defined contribution plan to fund the
benefits.

Amount of '' 3.07 (Previous year '' 2.95) is recognised as an expenses and included in Employee benefit expenses
(Refer Note 3.04)

4.04 Leases

As a Lessee

Short term leases accounted in the statement of Profit and Loss for the Financial Year 2024-25 is '' 5.42 (Previous
year '' 4.25).

4.05 Capital Management

The Company manages its capital structure to ensure that it will be able to continue as a going concern while maximising
the return to the stakeholders.

The principal source of funding of the Company has been, and is expected to continue from cash generated from its
operations.

4.06 Financial Instruments

i) Methods and assumptions used to estimate the fair values

The fair values of the financial assets and liabilities are included at the amount at which the instrument could be
exchanged in a current transaction between willing parties, other than in a forced or liquidation sale.

a) The carrying amounts of trade receivables, cash and cash equivalents, trade payables, and other financial
liabilities are considered to be the same as their fair values, due to their short-term nature.

Credit risk

Credit risk arises from the possibility that counter party will cause financial loss to the company by failing to discharge
its obligation as agreed. The Company’s exposure to credit risk arises mainly from the trade receivables, unbilled reveue,
distributor commission and balances with banks.

Credit risks from balances with banks are managed in accordance with the Company policy. The Company’s major revenue
streams arises from services provided to end use customers in form of monthly subscription income. The trade receivables
and unbilled revenue on account of subscription income are typically un-secured and derived from sales made to large
number of independent customers. As the customer base is distributed economically and geographically, there is no
concentration of credit risk.

The Trade Receivables includes amount due from inactive customers with outstanding in excess of one year. The Company
is taking adequate steps for recovery of overdue debts and advances and wherever necessary, adequate provision as per
expected credit loss model have been made.

The Company follows a simplified approach (i.e. based on lifetime ECL) for recognition of impairment loss allowance on
Trade receivables and unbilled revenue. For the purpose of measuring the lifetime ECL allowance for trade receivables and
unbilled revenue, the Company uses a provision matrix that is based on historical credit loss experience, adjusted for current
and forward looking information which comprises a very large number of balances grouped into homogenous groups and
assessed for impairment collectively. In addition, in case there are events or changes in circumstances indicating individual
trade receivable is required to be reviewed on qualitative aspects, necessary provisions are made.

Liquidity risk

Liquidity risk is defined as the risk that the company will encounter difficulty in meeting obligations associated with financial
liabilities that are settled by delivering cash or another financial asset.

Management monitors rolling forecasts of the Company’s liquidity position and cash and cash equivalents on the basis of
expected cash flows.

Maturities of financial liabilities

The table below provides details regarding the remaining contractual maturities of financial liabilities at the reporting date
based on contractual undiscounted payments.

4.13 Revenue from contract with customers
Disaggregation of Revenue

As the Company’s business activity falls within a single business segment viz. providing Cable Television services which
is considered as the only reportable segment and the revenue substantially being in the domestic market, the financial
statements are reflective of the information required by Ind AS 108 “Operating Segment”. The nature, amount, timing and
uncertainty of revenue and cash flows are similar across company’s revenue from contracts with customers. Accordingly,
there is no disaggregation of revenue disclosed.

Contract Balances

The Company classifies the right to consideration in exchange for deliverables as either a receivable or as unbilled revenue.
Trade receivable and unbilled revenues are presented net of impairment in the Balance Sheet.

The following table provides information about receivables and contract liabilities for the contracts with the customers.

Performance Obligations

Applying the practical expedient as given in Ind AS 115, the Company has not disclosed the remaining performance
obligation related disclosures for contracts as original duration is 1 year or less. The Company is engaged in distribution
Television Channels through digital cable distribution network and on revenue primarily in the form of subscription,
marketing and promotional income and incentives. The company does not give significate credit period resulting in no
significate financing component.

4.14 Additional Regulatory Information pursuant to the requirement in Division II of Schedule III to the Companies Act 2013

(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the
Company for holding any Benami property.

(ii) The company does not have any transactions with companies struck off under section 248 of the Companies Act,
2013 or section 560 of the Companies Act, 1956.

(iii) 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.

(iv) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

(v) 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.

(vi) 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.

(vii) The Company has not 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 (such as, search or
survey or any other relevant provisions of the Income Tax Act, 1961.

(viii) The Company has no borrowings from banks and financial institutions on the basis of security of current assets.

(ix) None of the entities in the Company have been declared wilful defaulter by any bank or financial institution or
government or any government authority.

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

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

4.15 The Company uses an accounting software for maintaining its books of account which has a feature of recording audit trail
for each and every transaction, creating an edit log of each change made in books of account along with the date when such
changes were made and the same has operated throughout the year. Additionally, the audit trail has been preserved by the
Company as per the statutory requirements for record retention.

4.18 Recent Pronouncement

Ministry of Corporate Affairs (“MCA”) notifies new standards or amendments to the existing standards under Companies
(Indian Accounting Standards) Rules as issued from time to time. As at 31 March 2025, MCA has not notified any new
standards or amendments to the existing standards which are applicable to the company.

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

For Nayan Parikh & Co.

Chartered Accountants
Firm Registration No. 107023W

Deepali Shrigadi Vatan Pathan Vrinda Mendon Dhiren Dalal

Partner Director & Chief Executive Officer Non-Executive Director Independent Director

Membership No. 133304 DIN: 07468214 DIN: 08424835 DIN: 01218886

Basant Kumar Parasramka Ajay Singh Hareshkumar Mayani

Independent Director Company Secretary and Compliance Officer Chief Financial Officer

DIN: 02843399 Membership No: F - 5189

Place : Mumbai
Date: April 15, 2025

1.11 PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS
Provisions

Provisions are recognised when the Company has a present legal or constructive obligation as a result of past events, it is
probable that an outflow of resources embodying economic benefits will be required to settle the obligation and the amount
can be reliably estimated. Provisions are not recognised for future operating losses.

Provisions are measured at the present value of management''s best estimate of the expenditure required to settle the
present obligation at the end of the reporting period. The discount rate used to determine the present value is a current
pre-tax rate. The increase in the provision due to the passage of time is recognised as interest expense.

Contingent Liability

Contingent liability is a possible obligation arising from past events and whose existence will be confirmed only by
the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the entity
or a present obligation that arises from past events but is not recognized because it is not probable that an outflow of
resources embodying economic benefits will be required to settle the obligation or the amount of the obligation cannot be
measured with sufficient reliability. The Company does not recognize a contingent liability but discloses its existence in the
consolidated financial statements.

Contingent Asset

Contingent asset is not recognised in consolidated financial statements since this may result in the recognition of income
that may never be realised. However, when the realisation of income is virtually certain, then the related asset is not a
contingent asset and is recognized.

Provisions, contingent liabilities and contingent assets are reviewed at each Balance Sheet date.

1.12 EMPLOYEE BENEFITS

(i) Short-term obligation

Short term employee benefits are recognised as an expense at an undiscounted amount in the Statement of profit and
loss of the year in which the related services are rendered.

(ii) Post-employment obligations

The Company operates the following post-employment schemes:

• defined benefit plans such as gratuity; and

• defined contribution plans such as provident fund

Gratuity obligations

The liability recognised in the balance sheet in respect of defined benefit gratuity plans is the present value of the
defined benefit obligation at the end of the reporting period.The defined benefit obligation is calculated annually by
actuaries using the projected unit credit method.

The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows by
reference to market yields at the end of the reporting period on government bonds that have terms approximating to
the terms of the related obligation.

The interest cost is calculated by applying the discount rate to the balance of the defined benefit obligation .This cost
is included in employee benefit expense in the statement of profit and loss.

Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions are
recognised in the period in which they occur, directly in other comprehensive income. They are included in retained
earnings in the statement of changes in equity and in the balance sheet.

Defined contribution plans

The Company contributes to Employees State Insurance Corporation and Provident Fund which are considered as
defined contribution plans. The Company makes specified monthly contributions towards Government administered
provident fund scheme. The Company has no further payment obligations once the contributions have been paid.
The contributions are accounted for as defined contribution plans and the contributions are recognised as employee
benefit expense when they are due. Prepaid contributions are recognised as an asset to the extent that a cash refund
or a reduction in the future payments is available.

(iii) Other long-term employee benefit obligations

The liabilities for leave are not expected to be settled wholly within 12 months after the end of the period in which the
employees render the related service. They are therefore measured as the present value of expected future payments
to be made in respect of services provided by employees up to the end of the reporting period using the projected
unit credit method. The benefits are discounted using the market yields at the end of the reporting period that have
terms approximating to the terms of the related obligation. Remeasurements as a result of experience adjustments
and changes in actuarial assumptions are recognised in statement of profit and loss.

The obligations are presented as current liabilities in the balance sheet if the entity does not have an unconditional
right to defer settlement for at least twelve months after the reporting period, regardless of when the actual settlement
is expected to occur.

1.13 REVENUE FROM CONTRACTS WITH CUSTOMERS

(i) Revenue from sale of services and sale of products

The Company derives revenue primarily from Cable TV business comprising of Cable TV services and other related
services

Revenue towards satisfaction of a performance obligation is measured at the amount of transaction price (net of
variable consideration) allocated to that performance obligation. The transaction price of promised products sold or
services rendered to customers is net of variable consideration that reflects the consideration the Company expects
to receive in exchange for those products or services. Subscription income is recognised on accrual basis, based on
underlying subscription plan or agreements with the subscribers.

Goods and Service Tax (GST) collected on behalf of the government is excluded from Revenue, as it is not an economic
benefit to the Company.

Trade Receivables

A receivable represents the company’s right to an amount of consideration that is unconditional (i.e., only the passage
of time is required before payment of the consideration is due).

Contract Liabilities

A contract liability is the obligation to transfer goods or services to a customer for which the Company has received
consideration (or an amount of consideration is due) from the customer. If a customer pays consideration before the
Company transfers goods or services to the customer, a contract liability is recognised when the payment is made or
the payment is due (whichever is earlier), which we refer to as Unearned Revenue. Contract liabilities are recognised
as revenue when the Company performs under the contract.

(ii) Other Operating Revenues

Other Operating Income comprises of fees for rendering management, technical and consultancy services. Income
from such services is recognised upon satisfaction of performance obligations as per the terms of underlying
agreements with the concerned parties, when no significant uncertainties exist regarding the amount of consideration
that will be derived.

1.14 RECOGNITION OF INTEREST INCOME

Interest income from debt instruments is recognised using the effective interest rate method.

1.15 TAXES ON INCOME
Current Tax:

Tax on income for the current period is determined on the basis on estimated taxable income and tax credits computed in
accordance with the provisions of the relevant tax laws and based on the expected outcome of assessments / appeals.

Current income tax relating to items recognised directly in equity is recognised in equity and not in the statement of profit
and loss.

Management periodically evaluates positions taken in the tax returns with respect to situations in which applicable tax
regulations are subject to interpretation and establishes provisions where appropriate.

Deferred tax:

Deferred tax is provided using the balance sheet approach on temporary differences at the reporting date between the tax
bases of assets and liabilities and their carrying amounts for financial reporting purposes at the reporting date.

Deferred tax assets are recognised for all deductible temporary differences, the carry forward of unused tax credits and any
unused tax losses. Deferred tax assets are recognised to the extent that it is probable that taxable profit will be available
against which the deductible temporary differences, and the carry forward of unused tax credits and unused tax losses can
be utilised.

The carrying amount of deferred tax assets is reviewed at each reporting date and reduced to the extent that it is no
longer probable that sufficient taxable profit will be available to allow all or part of the deferred tax asset to be utilised.
Unrecognised deferred tax assets are reassessed at each reporting date and are recognised to the extent that it has become
probable that future taxable profits will allow the deferred tax asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is
realised or the liability is settled, based on tax rates (and tax laws) that have been enacted or substantively enacted at the
reporting date.

Deferred tax relating to items recognised outside the statement of profit and loss is recognised outside the statement of
profit and loss. Deferred tax items are recognised in correlation to the underlying transaction either in other comprehensive
income or directly in equity.

The break-up of the major components of the deferred tax assets and liabilities as at balance sheet date has been arrived
at after setting off deferred tax assets and liabilities where the Company have a legally enforceable right to set-off assets
against liabilities.

1.16 EARNINGS PER SHARE (EPS)

Basic Earnings Per Share

Basic earnings per share is calculated by dividing the profit (or loss) attributable to the owners of the Company by the
weighted average number of equity shares outstanding during the year. The weighted average number of equity shares
outstanding during the year is adjusted for bonus issue, bonus element in a rights issue to existing shareholders, share
split and reverse share split (consolidation of shares).

Diluted Earnings Per Share

Diluted earnings per share is computed by dividing the profit (considered in determination of basic earnings per share) after
considering the effect of interest and other financing costs or income (net of attributable taxes) associated with dilutive
potential equity shares by the weighted average number of equity shares considered for deriving basic earnings per share
adjusted for the weighted average number of equity shares that would have been issued upon conversion of all dilutive
potential equity shares.

1.17 LEASES

Short term leases and lease of low value assets

The Company’s lease arrangements are short term in nature. The Company has elected not to recognise right-of-use assets
and lease liabilities for leases of low-value assets and short-term leases, including IT equipment. The Company recognises
the lease payments associated with these leases as an expense in profit or loss on a straight-line basis over the lease term.

4.01 Contingent Liabilities

The Company has received Show Cause cum Demand notices (“SCNs”) from the Department of Telecommunications
(“DOT”), Government of India for the financial years from 2005-06 to 2007-08 and from 2009-10 to 2014-15 towards
license fees amounting to '' 4130.38 which includes penalty and interest thereon (March 31, 2023 : '' 4130.38 including
penalty and interest for the financial years from 2005-06 to 2007-08 and from 2009-10 to 2014-15). The Company has
made representation to DOT contesting the basis of such demands. Based on the opinion of legal expert, the Company is
confident that it has good grounds on merit to defend itself in the above matter. Accordingly, the Company is of the view
that no provision is necessary in respect of the aforesaid matter.

Other than SCNs stated above there are no claims against the Company, not acknowledged as debt.

4.02 Capital And Other Commitments

There are no Capital and other commitments as at March 31, 2024 (March 31, 2023 : Nil)

4.03 Employee Benefits

The Company provides for gratuity, a defined benefit retirement plan covering eligible employees, as governed by the
Payment of Gratuity Act, 1972 (Gratuity Act). The gratuity plan provides a lump sum payment to vested employees at
retirement, death, incapacitation or termination of employment, of an amount equivalent to 15 to 26 days’ salary for each
completed year of service subject to a maximum of '' 20 (March 31, 2023: '' 20). Vesting occurs upon completion of five
continuous years of service as governed by Gratuity Act.

The Present value of the defined benefit obligations and related current service cost were measured using the Projected
Unit Credit Method, with actuarial valuation being carried out at each Balance Sheet date.

Risk exposure:

Provision of a defined benefit scheme poses certain risks, some of which are detailed hereunder, as companies take on
uncertain long term obligations to make future benefit payments.

Liability Risks:

Investment Risk -

The present value of the defined benefit plan liability is calculated using a discount rate determined by reference to
government bond yields. If the return on plan asset is below this rate, it will move net liability unfavourably.

Interest Risk -

A decrease in the bond interest rate will increase the plan liability. However, this will be partially offset by an increase in the
return on the plan’s debt investments

Longevity Risk -

There is no longevity risk to the company in respect of post-retirement mortality. However, the demographic risk of attrition
being different from what has been assumed still remains with the company.

Salary Risk -

The Gratuity benefit, being based on last drawn salary, will be critically effected in case of increase in future salaries being
more than assumed.

Unfunded Plan Risk -

This represents unmanaged risk and a growing liability. There is an inherent risk here that the company may default on
paying the benefits in adverse circumstances.

Credit risk

Credit risk arises from the possibility that counter party will cause financial loss to the company by failing to discharge its
obligation as agreed. The Company’s exposure to credit risk arises mainly from the trade receivables, distributor commission
and balances with banks. Credit risks from balances with banks are managed in accordance with the Company policy. The
Company’s major revenue streams arises from services provided to end use customers in form of monthly subscription
income. The trade receivables on account of subscription income are typically un-secured and derived from sales made
to large number of independent customers. There is no concentration of credit risk. The Company follows a simplified
approach (i.e. based on lifetime ECL) for recognition of impairment loss allowance on Trade receivables. For the purpose
of measuring the lifetime ECL allowance for trade receivables, the Company uses a provision matrix which comprise a very
large number of small balances grouped into homogenous groups and assessed for impairment collectively. In addition,
in case there are events or changes in circumstances indicating individual trade receivable is required to be reviewed on
qualitative aspects, necessary provisions are made.

Liquidity risk

Liquidity risk is defined as the risk that the company will encounter difficulty in meeting obligations associated with
financial liabilities that are settled by delivering cash or another financial asset.

Management monitors rolling forecasts of the Company’s liquidity position and cash and cash equivalents on the basis of
expected cash flows.

Maturities of financial liabilities

The table below provides details regarding the remaining contractual maturities of financial liabilities at the reporting date
based on contractual undiscounted payments.

4.08 Segmental Reporting

As the Company’s business activity falls within a single business segment in terms of Ind AS 108 on “Operating Segments’,
the financial statements are reflective of the information required by Ind AS 108.

4.13 Revenue from contract with customers
Disaggregation of Revenue

As the Company’s business activity falls within a single business segment viz. providing Cable Television services which
is considered as the only reportable segment and the revenue substantially being in the domestic market, the financial
statements are reflective of the information required by Ind AS 108 “Operating Segment”. The nature, amount, timing and
uncertainty of revenue and cash flows are similar across company’s revenue from contracts with customers. Accordingly,
there is no disaggregation of revenue disclosed.

Contract Balances

The Company classifies the right to consideration in exchange for deliverables as either a receivable or as unbilled
revenue.

Trade receivable and unbilled revenues are presented net of impairment in the Balance Sheet.

The following table provides information about receivables and contract liabilities for the contracts with the customers.

4.14 Additional Regulatory Information pursuant to the requirement in Division II of Schedule III to the Companies Act 2013

(i) The Company does not have any Benami property, where any proceeding has been initiated or pending against the
Company for holding any Benami property.

(ii) The company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013
or section 560 of the Companies Act, 1956.

(iii) 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.

(iv) The Company has not traded or invested in Crypto currency or Virtual Currency during the financial year.

(v) 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.

(vi) 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.

(vii) The Company has not 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 (such as, search or
survey or any other relevant provisions of the Income Tax Act, 1961.

(viii) The Company has no borrowings from banks and financial institutions on the basis of security of current assets.

(ix) None of the entities in the Company have been declared wilful defaulter by any bank or financial institution or
government or any government authority.

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

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

4.15 The provisions of the Companies Act, 2013 and rules made thereunder requires that the Company uses only such accounting
software for maintaining its books of account which has a feature of recording audit trail for each and every transaction,
creating an edit log of each change made in books of account along with the date when such changes were made and
ensuring that the audit trail cannot be disabled or tampered with effect from April 1,2023.

The Company has taken all necessary steps to be compliant with the above requirement of audit trail functionality since it’s
effective date.

4.17 Recent Pronouncement

Ministry of Corporate Affairs (“MCA”) notifies new standards or amendments to the existing standards under Companies
(Indian Accounting Standards) Rules as issued from time to time. As at 31 March 2024, MCA has not notified any new
standards or amendments to the existing standards which are applicable to the company.

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

For Nayan Parikh & Co.

Chartered Accountants
Firm Registration No. 107023W

Deepali Shrigadi Vatan Pathan Vrinda Mendon Dilip Worah

Partner Director & Chief Executive Officer Non-Executive Director Independent Director

Membership No. 133304 DIN: 07468214 DIN: 08424835 DIN: 00047252

L. K. Kannan Ajay Singh Basant Haritwal

Independent Director Company Secretary and Compliance Chief Financial

DIN: 00110428 Officer Officer

Membership No: F - 5189

Place : Mumbai, Dated: April 15, 2024 Place : Mumbai, Dated: April 15, 2024

Company Overview

Hathway Bhawani Cabletel and Datacom Limited (the Company) is a Public Company domiciled in India and incorporated under the provisions of the Companies Act. 1956. The Company is engaged in distribution of television channels through analog and digital cable distribution network and internet services through cable. Its equity shares are listed on Bombay Stock Exchange Limited (BSE) in India.

1.01 In the opinion of the Board, the loans & advances, trade receivables and all other assets have a realizable value in the ordinary course of business not less than the amount at which they are stated in the Balance sheet

1.02 Capital And Other Commitments

Estimated amount of contracts (net of advances) remaining to be executed on capital account and not provided for aggregate to Rs. Nil (March 31, 2014: Rs. Nil).

The Company in its ordinary course of business has promoted / acquired interest in various entities. Considering the long-term involvement of the Company in these entities and strategic impact it has on the business of the Company, the Company has committed to provide operating and financial support to these entities.

1.03 Contingent Liabilities

(a) Claims against the Company not acknowledged, as debts are Rs. 2,100,000 (March 31, 2014: Rs. 2,100,000).

(b) Outstanding Bank Guarantees Rs. 1,200,000 /- (March 31, 2014: Rs. 1,200,000).

1.04 Employee Benefits

(a) Defined Benefit Plans:

The present value of the defined benefit obligations and the related current service cost were measured using the objected Unit Credit Method, with actuarial valuations being carried out at each balance sheet date.

1.05 Segmental Reporting

The Company has only one reportable segment. The Company's operations are based in India.

1.06 Related Party Disclosures

I. Controlled by:

a. Hathway Cable & Datacom Ltd.

II. Under the control of the Company

a. Hathway Bhawani NDS Network Pvt.Ltd.

b. Hathway Bhawani Sai Network Pvt.Ltd. (up to March 31, 2014)

III. Other related parties with whom the Company had transactions.

a. Mr. Samson Jesudas ( Managing Director with effect from June 1, 2014 )

b. Mr. Kuldeep Puri ( Managing Director- up to May 31, 2014)

c. Mr. Kulbhushan Puri as Karta Of M/s Kulbhushan Puri HUF (Relative Of Managing Director - up to May 31, 2014)

1.07 Leases

The Company has leasing arrangements in terms of Accounting Standard 19 on "Leases" as applicable. These leasing arrangements, which are cancelable, range between 11 months to 33 months and are usually renewable by mutual consent on mutually agreeable terms. The amount of such lease rentals debited to the Statement of Profit and Loss for the year is Rs 4,358,340/- (March 31, 2014: Rs 4,117,175/-).

1.08 The enactment of the Companies Act, 2013 requires that the Company should reassess useful life of its fixed assets and provide depreciation based on such re-assessment with effect from April 1, 2014. The Company has decided to provide depreciation on all fixed assets, except Set top boxes on straight line basis (SLM) as against written down value basis (WDV) based on useful life specified in Schedule II to the said Act. There is no change in the method of depreciation for Set top boxes.

(a) This change has resulted in net surplus of Rs. 2,566,759 (March 31, 2014 ; Rs. Nil) and is disclosed under as Exceptional Items. Had the Company continued to use the earlier method of depreciation, the debit to the statement of profit and loss after tax for the current period (year to date) would have been lower by Rs. 447,953 (March 31, 2014 ; Rs. Nil)

(b) Based on transitional provision provided in Note 7(b) of Schedule II to the Act, the charge to retained earnings in respect of assets having no useful life as on the effective date, net of deferred tax is Rs. 17,27,105 (March 31 2014 ; Rs. Nil).

1.09 Supplementary statutory information required to be given pursuant to Clause 32 of the listing agreement -Nil.

1.10 Previous year figures have been rearranged and regrouped wherever necessary.

1.01 In the opinion of the Board, the loans & advances, trade receivables and all other assets have a realizable value in the ordinary course of business not less than the amount at which they are stated in the Balance sheet

1.02 CAPITALAND OTHER COMMITMENTS

Estimated amount of contracts (net of advances) remaining to be executed on capital account and not provided for aggregate to Rs. Nil (RY. Nil).

The Company in its ordinary course of business has promoted / acquired interest in various entities. Considering the long-term involvement of the Company in these entities and strategic impact it has on the business of the Company, the Company has committed to provide operating and financial support to these entities.

1.03 CONTINGENT LIABILITIES

(a) Claims against the Company not acknowledged, as debts are Rs.2,100,000/-(Previous Year Rs. 2,100,000/-).

(b) Outstanding Bank Guarantees Rs.1,200,000 /- (Previous Year Rs. 1,200,000/-).

1.04 EMPLOYEE BENEFITS

(a) Defined Benefit Plans:

The present value of the defined benefit obligations and the related current service cost were measured using the objected Unit Credit Method, with actuarial valuations being carried out at each balance sheet date.

The following table provides the disclosures in accordance with Revised AS 15.

Reconciliation of opening and closing balance of the present value of the defined benefit obligation and plan assets:

b) Defined Contribution Plans:

"Contribution to provident and other funds" is recognised as an expense in the Statement of Profit and Loss Account.

1.05 SEGMENTAL REPORTING

The Company is a Multi System Operator providing Cable Television Network Services, Internet Sea''ices and allied services which is considered as the only reportable segment. The Company''s operations are based in India.

1.06 RELATED PARTY DISCLOSURES

I. Enterprise where control exists:

a. Hathway Cable & Datacom Ltd.

II. Under the control of the Company

a. Hathway Bhawani NDS Network Pvt.Ltd.

b. Hathway Bhawani Sai Network Pvt.Ltd.

III. Other related parties with whom the Company had transactions.

a) Mr. Kuldeep Puri as Managing Director- Key Management Personnel

1.07 LEASES

The Company has leasing arrangements in terms of Accounting Standard 19 on "Leases" as applicable. These leasing arrangements, which are cancelable, range between 11 months to 33 months and are usually renewable by mutual consent on mutually agreeable terms. The amount of such lease rentals debited to the Statement of Profit and Loss for the year is Rs.4,117,175/- (Previous Year Rs. 4,040,339/-).

1.08 Pursuant to introduction of DAS, in terms of TRAI Regulations the Company is required to inter alia generate subscriber level billing and enter into inter connect agreements with local cable operators with effect from 1st November 2012 However due to market conditions, the Company had still to fully implement the regulations as stipulated by TRAI. Accordingly, Subcription income recognized by the management for the period beginning from 1st November 2012 amounting to Rs. 447.29 Lacs is on their best estimate basis. The management has reviewed the outstanding receivables and are certain that it is stated at realizable amount and no provisions / reversal is required.

1.09 Supplementary statutory information required to be given pursuant to Clause 32 of the listing agreement -Nil.

1.10 Previous year figures have been rearranged and regrouped wherever necessary.

1.1 In the opinion of the Board, the long term loans & advances, trade receivables and all current assets have a realizable value in the ordinary course of business not less than the amount at which they are stated in the Balance sheet

1.2 The Trade Receivables includes amount due from disconnected / inactive customers and outstanding in excess of one year. The Company is taking adequate steps for recovery of overdue debts and advances and wherever necessary, adequate provisions have been made. In the opinion of the Board, long-term Loans & Advances, Trade Receivables and Current Assets have a realizable value in the ordinary course of business not less than the amount at which they are stated in the Balance Sheet.

1.3 CAPITAL OTHER COMMITMENT

Estimated amount of contracts (net of advances) remaining to be executed on capital account and not provided for aggregate to Rs.Nil (P.Y. Nil).

The Company in its ordinary course of business has promoted / acquired interest in various entities. Considering the long-term involvement of the Company in these entities and strategic impact it has on the business of the Company, the Company has committed to provide operating and financial support to these entities.

1.4 CONTINGENT LIABILITIES : (a) Claims against the Company not acknowledged, as debts are Rs.2,100,000/-(Previous Year Rs. 2,100,000/-).

(b) Outstanding Bank Guarantees Rs.1,200,000 /- (Previous Year Rs. 1,200,000/-).

4.7 EMPLOYEE BENEFITS

a) Defined Benefit Plans:

The present value of the defined benefit obligations and the related current service cost were measured using the objected Unit Credit Method, with actuarial valuations being carried out at each balance sheet date.

The following table provides the disclosures in accordance with Revised AS 15. Reconciliation of opening and closing balance of the present value of the defined benefit obligation and plan assets:

b) Defined Contribution Plans:

"Contribution to provident and other funds" is recognized as an expense in the Statement of Profit and Loss Account.

1.5 SEGMENTAL REPORTING

The Company is a Multi System Operator providing Cable Television Network Services, Internet Services and allied services which is considered as the only reportable segment. The Company''s operations are based in India.

1.6 RELATED PARTY DISCLOSURES

I. Enterprise where control exists:

a. Hathway Cable & Datacom Ltd.

II. Under the control of the Company

a. Hathway Bhawani NDS Network PvtLtd.

b. Hathway Bhawani Sai Network PvtLtd.

III. Other related parties with whom the Company had transactions.

a) Mr. Kuldeep Puri as Managing Director- Key Management Personnel

b) Mr. Kulbhushan Puri as Karta of M/s Kulbhushan Puri HUF

1.7 LEASES

The Company has leasing arrangements in terms of Accounting Standard 19 on "Leases'' as applicable. These leasing arrangements, which are cancelable, range between 11 months to 33 months and are usually renewable by mutual consent on mutually agreeable terms. The amount of such lease rentals debited to the Statement of Profit and Loss for the year is Rs.4,040,339 (Previous Year Rs. 3,676,492/-).

1.8 With effect from November 01, 2012 vide notification no S.0.1408(E) dated June 21, 2012, DAS was introduced in the four metropolitan cities of the country. Under DAS scenario, the Company as well as other Multi System Operators are in the process of finalizing the fresh terms of revenue sharing arrangement with the Local Cable Operators through whom cable television services are rendered to ultimate subscribers. Pending finalization of legally enforceable contracts / arrangements, the Company has estimated activation fees and subscription and has raised invoices. Such estimation is based on ongoing discussions with LCOs, market trend and also considering the collections made till date. Since such estimation are on conservative basis, the management has reasonable certainty of collecting the amount billed to the LCOs. The management has reviewed the status on constant basis and wherever felt necessary, has issued credit notes to reverse the revenue.*

1.9 Supplementary statutory information required to be given pursuant to Clause 32 of the listing agreement -Nil.

1.10 previous year figures have been rearranged and regrouped wherever necessary.

A) The Company has only one class of shares referred to as equity shares having a face value ofRs.10/-. Each holder of equity shares is entitled to one vote per share and proportionate amount of dividend if declared to the total number of shares. In the event of liquidation of the company, the holders of equity shares will be entitled to receive remainging assets of the company, after distribution of all preferential amounts in proportion to the number of equity shares held by the share holders.

In the absence of virtual certainty of availability of taxable business income in near future against which the deferred tax assets can bo adjusted, the Company has not recognized deferred tax assets on unabsorbed depreciation and business losses.

*As per the information available with the Company, none of the creditors qualify as supplier under The Micro, Small and Medium Enterprises Development Act, 2006 ("the Act") and accordingly no disclosure is made pursuant to section 22 of the Act.

1.1 Additional information as required under para 5 (viii) of part ii of Revised Schedule VI to the Companies Act, 1956 has been given to the extent applicable to the company.

1.2 In the opinion of the Board, the long term loans & advances, trade receivables and all current assets have a realizable value in the ordinary course of business not less than the amount at which they are stated in the Balancesheet

1.3 The Trade Receivables includes amount due from disconnected / inactive customers and outstanding in excess of one year. The Company is taking adequate steps for recovery of overdue debts and advances and wherever necessary, adequate provisions have been made. In the opinion of the Board, long-term Loans & Advances, Trade Receivables and Current Assets have a realizable value in the ordinary course of business not less than the amount at which they are stated in the balance sheet.

1.4 CAPITAL COMMITMENT

Estimated amount of contracts (net of advances) remaining to be executed on capital account and not provided for aggregate to Rs.Nil (P.Y.Rs.Nil).

The Company in its ordinary course of business has promoted / acquired interest in various entities. Considering the long-term involvement of the Company in these entities and strategic impact it has on the business of the Company, the Company has committed to provide operating and financial support to these entities.

1.5 CONTINGENT LIABILITIES

(a) Claims against the Company not acknowledged, as debts are Rs.2,100,000/-(Previous Year Rs. 2,100,000/-).

(b) Outstanding Bank Guarantees Rs.1,200,000 /- (Previous Year Rs. 1,228,090/-).

1.6 EMPLOYEE BENEFITS

a) Defined Benefit Plans:

The present value of the defined benefit obligations and the related current service cost were measured using the Projected Unit Credit Method, with actuarial valuations being carried out at each balance sheet date.

The following table provides the disclosures in accordance with Revised AS 15.

b) Defined Contribution Plans:

"Contribution to provident and other funds" is recognised as an expense in note no 3.5 of the Statement of Profit and Loss Account.

1.7 SEGMENTAL REPORTING

The Company is a Multi System Operator providing Cable Television Network Services, Internet Services and allied services which is considered as the only reportable segment. The Company's operations are based in India.

1.8 RELATED PARTY DISCLOSURES

I. Enterprise where control exists:

a. Hathway Cable & Datacom Ltd.

II. Under the control of the Company

a. Hathway Bhawani NDS Network Pvt.Ltd.

b. Hathway Bhawani Sai Network Pvt.Ltd.

III. Other related parties with whom the Company had transactions.

a) Mr. Kuldeep Puri as Managing Director- Key Management Personnel

b) Mr. Kulbhushan Puri as Karta Of M/s Kulbhushan Puri HUF

1.9 LEASES

The Company has leasing arrangements in terms of Accounting Standard 19 on "Leases" as applicable. These leasing arrangements, which are cancelable, range between 11 months to 33 months and are usually renewable by mutual consent on mutually agreeable terms. The amount of such lease rentals debited to the Statement of Profit and Loss for the year is Rs.3,676,492 (Previous Year Rs. 3,303,810).

1.10 INTANGIBLE ASSETS

Based on factors such as past experience, industry trends, value added services and quality of services provided by the Company, trends in other countries, various changes proposed in the regulations governing the industry, future business plans, estimated residual value etc., the Company is of the opinion that the useful life of the Cable Television Franchise acquired by the company will exceed twenty years. Accordingly, the same has been amortised over a period of twenty years from date of acquisition.

1.11 Supplementary statutory information required to be given pursuant to Clause 32 of the listing agreement -Nil.

1.12 Till the year ended March 31, 2011, pre-revised Schedule VI to the Companies Act 1956 was being used for preparation and presentation of financial statements. During the year ended March 31, 2012, the revised Schedule VI notified under the Companies Act 1956, has become applicable to the company. Accordingly, the company has reclassified previous year figures to confirm to this year's classification. On adoption of the revised Schedule VI, there has been no significant impact on recognition and measurement principles followed for preparation of financial statements.

1) Under the Micro, Small and Medium Enterprises Development Act, 2006, certain disclosures are required to be made relating to Micro & Small Enterprises. The Company is in the process of compiling relevant information from its supplier about their coverage under the said Act. Since the relevant information is not readily available, no disclosures have been made in the accounts. However, in view of the management, the impact of interest, if any, that may be payable in accordance with the provisions of this Act is not expected to be material.

2) Debtors, Creditors, Loans & advances and deposits are taken as appearing in the books and are subject to confirmation. In the opinion of the management, the Debtors and Loans & advances have a realisable value in the ordinary course of business not less than the amount at which they are stated in the Balance Sheet and wherever necessary, adequate provision have been made.

3) CONTINGENT LIABILITIES

(a) Claims against the Company not acknowledged, as debts are Rs.2,100,000/- (Previous Year Rs. 2,532,647/-).

(b) Outstanding Bank Guarantees Rs. 1,228,090/-(Previous Year Rs. 1,714,090/-).

4) REVISED ACCOUNTING STANDARD 15 a) Defined Benefit Plans:

The present value of the defined benefit obligations and the related current service cost were measured using the Projected Unit Credit Method, with actuarial valuations being carried out at each balance sheet date.

5) SEGMENTAL REPORTING

The Company is a Multi System Operator providing Cable Television Network Services, Internet Services and allied services which is considered as the only reportable segment. The Companys operations are based in India.

6) LEASES

The Company has leasing arrangements in terms of Accounting Standard -19 on "Leases" as applicable. These leasing arrangements, which are not non-cancelable generally, range between 11 months to 33 months and are usually renewable by mutual consent on mutually agreeable terms. The amount of such lease rentals debited to the Profit & Loss Account for the year is Rs. 3,250,532 (Previous Year Rs. 2,821,379).

7) INTANGIBLE ASSETS

Based on factors such as past experience, industry trends, value added services and quality of services provided by the Company, trends in other countries, various changes proposed in the regulations governing the industry, future business plans, estimated residual value etc., the Company is of the opinion that the useful life of the Cable Television Franchise acquired by the company will exceed twenty years. Accordingly, the same has been amortised over a period of twenty years from date of acquisition.

8) Supplementary statutory information required to be given pursuant to Clause 32 of the listing aqreement.Nil