Notes to Accounts of BLS Infotech Ltd.

Mar 31, 2024

F. Provisions

Provisions for legal claims and returns are recognised when the company has a present legal or
constructive obligation as a result of past event, it is probable that an outflow of resources 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 pre-tax rate that reflects current market assessments
of the time value of money and the risks specific to the liability. The increase in the provisions
due to the passage of time is recognized as interest expense.

G. Income Tax

Income tax expense represents the sum of current tax payable and deferred tax.

Current Tax: The tax currently payable is based on the current year taxable profit for the year.
The current tax is calculated using the tax rates that have been enacted or substantively enacted
at the end of the reporting period.

Deferred tax: Deferred tax is provided using the Balance Sheet method on temporary
differences between the tax bases of assets and liabilities and their carrying amounts for
financial reporting purposes at the reporting date. Deferred tax assets are generally recognized
for all deductible temporary differences to the extent that it is probable that the taxable profits
will be available against which those deductible temporary differences can be utilized. Deferred
tax is calculated using the tax rates that have been enacted or substantively enacted at the end
of the reporting period. 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 utilized.

H. Employee Benefits

Short term benefits and post employment benefits are accounted in the period during which
the services have been rendered.

I. Financial Instruments:

Non-derivative financial instruments consist of:

i] Financial assets, which include cash and cash equivalents, trade receivables, other advances
and eligible current and non-current assets;

ii) Financial liabilities, which include long and short term loan and borrowings, trade payables,
eligible current and non current liabilities.

Non derivative financial instruments are recognized initially at fair value including any directly
attributable transaction costs. Financial assets are derecognized when substantial risks and
rewards of ownership of the financial asset have been transferred. In cases where substantial
risks and rewards of ownership of the financial assets are neither transferred nor retained,
financial assets are derecognized only when the Company has not retained control over the
financial asset.

Subsequent to initial recognition, non-derivative financial instruments are measured as
described below:

a) Cash and cash equivalents

For the purposes of the cash flow statement, cash and cash equivalents include cash in hand, at
banks and demand deposits with banks, net of outstanding bank overdrafts, if any, that are
repayable on demand and are considered part of the Company''s cash management system.

b) Loans and receivables

Loans and receivables are non-derivative financial assets with fixed or determinable payments
that are not quoted in an active market. They are presented as current assets, except for those
maturing later than 12 months after the reporting date which are presented as non-current
assets. Loans and receivables are initially recognized at fair value plus directly attributable
transaction costs and subsequently measured at amortized cost, less any impairment losses.
Loans and receivables comprise trade receivables and other assets.

The company estimates the un-collectability of accounts receivable by analyzing historical
payment patterns, customer concentrations, customer credit-worthiness and current economic
trends. If the financial condition of a customer deteriorates, additional allowances may be
required.

c) Trade and payable

Liabilities are recognized for amounts to be paid in future for goods or services received,
whether billed by the supplier or not.

J. Cash Flow Statement

Cash flows are reported using the indirect method, whereby profit before tax is adjusted for the
effects of transactions of a non -cash nature, any deferrals or accruals of past or future
operating cash receipts or payments and item of income or expenses associated with investing
or financing cash flows. The cash flows from operating, investing and financing activities of the
Company are segregated.

K. Segment Information

The company is considered to be a single segment company engaged in the media and
entertainment industry. Consequently, the company has in its primary segment only one
reportable business segment.

M. Events after the reporting period

Adjusting events are events that provide further evidence of condition that existed at the end
of the reporting period. The financial statements are adjusted for such events before
authorization for issue.

16. Financial Instruments and risk management

The carrying amount of trade payables, other financial liabilities (current], loans (current),
trade receivables, cash and cash equivalents and other bank balances are considered to be the
same as fair value due to their short term nature.

The fair value of financial assets and liabilities is 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.

Fair value of instruments is classified in various fair value hierarchies based on the following
three levels:

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices

Level 2: The fair value of financial instruments that are not traded in an active market is
determined using valuation techniques, which maximise the use of observable market data and
rely as little as possible on entity specific estimates. If significant inputs required to fair value
an instruments are observable, the instrument is included in Level 2.

Level 3: If one or more of the significant inputs are not based on observable market data, the
instruments is included in level 3.

Management uses its best judgement in estimating the fair value of its financial instruments.
However, there are inherent limitations in any estimation technique. Therefore, for
substantially all financial instruments, the fair value estimates presented above are not
necessarily indicative of the amounts that the Company could have realized or paid in sale
transactions as of respective dates. As such, the fair value of financial instruments subsequent
to the reporting dates may be different from the amounts reported at each reporting date.

17. Financial risk management

The Company''s financial risk management is an integral part of how to plan and execute its
business strategies. The Company''s financial risk management policy is set by the Managing
Board.

A) Market Risk

Market risk is the risk of loss of future earnings, fair values or future cash flows that may result
from a change in the price of a financial instrument. The value of a financial instrument may
change as a result of changes in the interest rates, foreign currency exchange rates, equity prices
and other market changes that affect market market risk sensitive instruments. Market risk is
attributable to all market risk sensitive financial instruments including investments and
deposits, foreign currency receivables, payables and loans and borrowings.

B) Credit Risk

Credit risk is the risk arising from credit exposure to customers, cash and cash equivalents held
with banks assets and current and non-current held-to maturity financial.

With respect to credit exposure from customers, the Company has a procedure in place aiming
to minimise collection losses. Credit Control team assesses the credit quality of the customers,
their financial position, past experience in payments and other relevant factors. The carrying
amount of trade receivables, advances, deposits, cash and bank balances represents company''s
maximum exposure to the credit risk. No other financial asset carry a significant exposure with
respect to the credit risk.

iii) Significant estimates and judgements

Impairment of financial assets

The impairment provisions for financial assets disclosed above are based on assumptions about
risk of default and expected loss rates. The company uses judgement in making these
assumptions and selecting the inputs to the impairment calculation, based on the company''s
past history, existing market conditions as well as forward looking estimates at the end of each
reporting period.

C) Liquidity Risk

Prudent liquidity risk management implies maintaining sufficient cash and the availability of
funding to meet obligations when due and to close out market positions. Management monitors
cash and cash equivalents on the basis of expected cash flows.

18. Capital Management

For the purpose of the Company''s capital management, capital includes issued equity capital,
share premium and all other equity reserves attributable to the equity holders. The primary
objective of the company''s capital management is to maximise the shareholder value.The

Company manages its capital structure and makes adjustments in light of changes in economic
conditions and the requirements of the financial covenants.

No changes were made in the objectives, policies or processes for managing capital during the
years ended 31^st March 2024 and 31^st March 2023.

19. Contingent Liabilities: Nil

20. Segment Reporting: In accordance with Accounting Standard Ind AS 108 ''Operating
Segment'' the Company has only one reportable business segment and have only one reportable
geographic segment in India.

21. Approval of Financial Statements

The financial statements were approved by the board of directors on 21^st May 2024.

F or ACHARYYA SWAPAN & CO. For and on behalf of Board of Directors

Chartered Accountants
Firm Regn No:325797E

Bibhas Bera Anirudha Dhanania

CA Aditya Singh Director Director

Partner DIN: 00433029 DIN: 00789497

Membership No. 068958
Place: Kolkata
Date: May 21, 2024

UDIN - 24068958BKFLUB5658 Vivek Nee Manoj Kumar Thakur

Chief Financial Officer

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Mar 31, 2015

31.03.2015 31.03.2014

1. Capital Commitments : Nil Nil

2. Contingent Liability :

a. Interest on Loan from Financial Institution Nil Nil

b. If demand by Income Tax (Pending Appeal) Nil Nil

c. Guarantees given by Company (if any) Nil Nil

d. Estimated amount of Royalty, Payable Nil Nil in Future year (if any)

1. Stock have not been verified and valued by us, the same has been taken in books, physically verified, certified and confirmed by the Management of the Company.

2. The Company makes annual contributions to the Employee's Group Gratuity Assurance Scheme administered by the LIC, a funded defined plan for qualifying employees. The scheme provides for lump sum payment to vested employees at retirement, death while in employment or on termination of employment of an amount equivalent to fifteen days salary payable for each completed year of services or part thereof in excess of six months. Vesting occurs on completion of five years of service.

3. Particulars in respect of goods traded as per information required by Part II of Schedule VI have been furnished hereunder: -

31.03.2015 31.03 2014 Items Particulars Qty. Value Qty. Value (In Nos.) (In Lacs.) (In Nos.) (In Lacs.)

Computer & Opening Stock 0 0 0 0 Peripherals

Purchases 955 1396.10 1235 1562.13

Sales 955 1477.23 1235 1673.60

Closing Stock 0 0 0 0

4. Income Tax has been provided according to tax liabilities determined as per the financial statements prepared as at 31st March, 2015.

5. No creditor of the Company has informed the company of their status being SSI Units.

6. There are no Micro, Small and Medium Enterprise to whom the Company owes dues which are outstanding for more than 45 days at the Balance Sheet date.

7. The management has certified that same as above there are no other matter or claims involving the company and for which liabilities may arise at present or in future and/or which may otherwise require any disclosure on the face of the accounts and/or in auditors report etc.

8. Earnings per share are computed in accordance with Accounting Standard-20 issued by the Institute of Chartered Accountants of India.

31.03.2015 31.03.2014

(Rs In Lacs) (Rs In Lacs)

a) Profit after Tax as per Accounts 0.19 0.22

b) Weighted Average of Shares

Outstanding during the period 43,76,94,813 43,76,94,813

c) Earnings Per Share 0.00 0.00

11. (a) Earning in Foreign Exchange Nil Nil

(b) Expenditure in Foreign Currency Nil Nil

9. The remuneration paid to the Whole Time Director during the year is Rs. 2.40 Lacs (P.Y. Rs.2.00 Lacs). Remuneration paid is well within the limits prescribed under schedule XIII of the Companies Act, 1956.

10. Related Party Disclosures as required by Accounting Standard (AS-18) issued by the Institute of Chartered Accountants of India, are given below:

A. Particulars of Related Parties :

Subsidiary Companies : NIL

Associate Companies : NIL

Enterprises in which key Management personnel have significant influence : NIL

B. Key Management Personnel:

1. Mr. T. Chowdhury : W.T. Director

2. Mr. Vivek Kumar : Chief Financial Officer

C. Relatives of Key Management personnel:

During the year the company does not entered into any transaction with the key relative of the Management personnel.

11. Previous figures have been regrouped / rearranged wherever considered necessary.

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Mar 31, 2014

31.03.2014 31.03.2013

1. Capital Commitments: Nil Nil

2. Contingent Liability:

a. Interest on Loan from Financial Institution. Nil Nil

b. If demand by Income Tax (Pending Appeal) Nil Nil

c. Guarantees given by Company (if any) Nil Nil

d. Estimated amount of Royalty, Payable Nil Nil in Future year (if any)

3. Stock have not been verified and valued by us, the same has been taken in books, physically verified, certified and confirmed by the Management of the Company.

4. The Company makes annual contributions to the Employee''s Group Gratuity Assurance Scheme administered by the LIC, a funded defined plan for qualifying employees. The scheme provides for lump sum payment to vested employees at retirement, death while in employment or on termination of employment of an amount equivalent to fifteen days salary payable for each completed year of services or part thereof in excess of six months. Vesting occurs on completion of five years of service.

5. Particulars in respect of goods traded as per information required by Part II of Schedule VI have been furnished hereunder: -

6. Income Tax has been provided according to tax liabilities determined as per the financial statements prepared as at 31st March, 2014.

7. No creditor of the Company has informed the company of their status being SSI Units.

8. There are no Micro, Small and Medium Enterprise to whom the Company owes dues which are outstanding for more than 45 days at the Balance Sheet date.

9. The management has certified that same as above there are no other matter or claims involving the company and for which liabilities may arise at present or in future and/or which may otherwise require any disclosure on the face of the accounts and/or in auditors report etc.

10. Earnings per share are computed in accordance with Accounting Standard-20 issued by the Institute of Chartered Accountants of India.

11. The remuneration paid to the Managing Director during the period is Rs. 2.00 Lacs (P.Y. Rs. 3.00 Lacs). Remuneration paid is well within the limits prescribed under schedule XIII of the Companies Act, 1956.

12. Related Party Disclosures as required by Accounting Standard (AS-18) issued by the Institute of Chartered Accountants of India, are given below:

B. Key Management Personnel:

1 Mr. Sushil KSaraogi: Managing Director

2. Mr. Vivek Kumar : Chief Financial Officer

C. Relatives of Key Management personnel:

During the year the company does not entered into any transaction with the key relative of the Managemen personnel.

13. Previous figures have been regrouped / rearranged wherever considered necessary.

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Mar 31, 2013

1. Stock have not been verified and valued by us, the same has been taken in books, physically verified, certified and confirmed by the Management of the Company.

2. The Company makes annual contributions to the Employee''s Group Gratuity Assurance Scheme administered by the LIC, a funded defined plan for qualifying employees. The scheme provides for lump sum payment to vested employees at retirement, death while in employment or on termination of employment of an amount equivalent to fifteen days salary payable for each completed year of services or part thereof in excess of six months. Vesting occurs on completion of five years of service.

3. Particulars in respect of goods traded as per information required by Part II of Schedule VI have been furnished hereunder: -

4. Income Tax has been provided according to tax liabilities determined as per the financial statements prepared as at 31st March, 2013.

5. No creditor of the Company has informed the company of their status being SSI Units.

6. There are no Micro, Small and Medium Enterprise to whom the Company owes dues which are outstanding for more than 45 days at the Balance Sheet date.

7. The management has certified that same as above there are no other matter or claims involving the company and for which liabilities may arise at present or in future and/or which may otherwise require any disclosure on the face of the accounts and/or in auditors report etc.

8. The remuneration paid to the Managing Director during the period is Rs. 3.00 Lacs (P.Y. Rs.3.00 Lacs). Remuneration paid is well within the limits prescribed under schedule XIII of the Companies Act, 1956.

9. Previous figures have been regrouped / rearranged wherever considered necessary.

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Mar 31, 2012

31.03.2012 31.03.2011

1. Capital Commitments: Nil Nil

2. Contingent Liability:

a. Interest on Loan from Financial Institution Nil Nil

b. If demand by IncoVne Tax (Pending Appeal) Nil Nil

c. Guarantees given by Company (if any) Nil Nil

d. Estimated amount of Royalty, Payable Nil Nil in Future year (if any)

3. Stock have not been verified and valued by us, the same has been taken in books, physically verified, certified and confirmed by the Management of the Company.

4. The Company makes annual contributions to the Employee''s Group Gratuity Assurance Scheme administered by the LIC, a funded defined plan for qualifying employees. The scheme provides for lump sum payment to vested employees at retirement, death while in employment or on termination of employment of an amount equivalent to fifteen days salary payable for each completed year of services or part thereof in excess of six months. Vesting occurs on completion of five years of service.

5. Particulars in respect of goods traded as per information required by Part II of Schedule VI have been furnished hereunder

6. Income Tax has been provided according to tax liabilities determined as per the financial statements prepared as at 31st March, 2012.

7. No creditor of the Company has informed the company of their status being SSI Units.

8. There are no Micro, Small and Medium Enterprise to whom the Company owes dues which are outstanding for more than 45 days at the Balance Sheet date.

9. The management has certified that same as above there are no other matter or claims involving the company and for which liabilities may arise at present or in future and/or which may otherwise require any disclosure on the face of the accounts and/or in auditors report etc.

10. The remuneration paid to the Managing Director during the period is Rs.3.00 Lacs (RY. Rs.3.00 Lacs). Remuneration paid is well within the limits prescribed under schedule XIII of the Companies Act, 1956.

11. Previous figures have been regrouped / rearranged wherever considered necessary.

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Mar 31, 2010

31.03.2010 31.03.2009

1. Capital Commitments: Nil Nil

2. Contingent Liability:

a. Interest on Loan from Financial Institution Nil Nil

b. If demand by Income Tax (Pending Appeal) Nil Nil

c. Guarantees given by Company (if any) Nil Nil

d. Estimated amount of Royalty, Payable Nil Nil in Future year (if any)

3. Stock have not been verified and valued by us, the same has been taken in books, physically verified, certified and confirmed by the Management of the Company.

4. The Company makes annual contributions to the Employees Group Gratuity Assurance Scheme administered by the LIC, a funded defined plan for qualifying employees. The scheme provides for lump sum payment to vested employees at retirement, death while in employment or on termination of employment of an amount equivalent to fifteen days salary payable for each completed year of services or part thereof in excess of six months. Vesting occurs on completion of five years of service.

5. Particulars in respect of goods traded as per information required by Part II of Schedule VI have been furnished hereunder:-

6. Income Tax has been provided according to tax liabilities determined as per the financial statements prepared as at 31st March, 2010.

7. No creditor of the Company has informed the company of their status being SSI Units.

8. There are no Micro, Small and Medium Enterprise to whom the Company owes dues which are outstanding for more than 45 days at the Balance Sheet date.

9. The management has certified that same as above there are no other matter or claims involving the company and for which liabilities may arise at present or in future and/or which may otherwise require any disclosure on the face of the accounts and/or in auditors report etc.

10. The remuneration paid to the Managing Director during the period is Rs.3.60 Lacs (P.Y. Rs.3.60 Lacs). Remuneration paid is well within the limits prescribed under schedule XIII of the Companies Act, 1956.

11. Related Party Disclosures as required by Accounting Standard (AS-18) issued by the Institute of Chartered Accountants of India, are given below :

A. Particulars of Related Parties :

Subsidiary Companies : NIL

Associate Companies : NIL

Enterprises in which key Management personnel have significant influence : NIL

B. Key Management Personnel :

1. Mr. Sushil K Saraogi Chairman cum Managing Director

2. Mr. Vivek Kumar : Chief Financial Officer C. Relatives of Key Management personnel:

During the year the company does not entered any transaction with the key relative of the Management personnel.

12. Previous figures have been regrouped / rearranged wherever considered necessary.