Notes to Accounts of Bombay Talkies Ltd.

Mar 31, 2024

Provisions and contingent liabilities

A provision is recognised when the Company has a present obligation as a result of past event and it is probable that an outflow of resources will be required to settle the obligation, in respect of which a reliable estimate can be made. These are reviewed at each balance sheet date and adjusted to reflect the current best estimates. Contingent liabilities are not recognised in the financial Fair value measurement of financial instruments

Financial asset included within the OCI Category are measured at each reporting date at fair value. Fair Value movements are recognised in OCI. On derecognisation of the asset, cumulative gain or loss previously recognised in OCI is reclassified from OCI to statement of Profit and loss.

2.4 Revenue recognition

Both income and expenditure items are recognized on accrual and prudent basis.

2.5 Income Tax

cu i lent tax is deieimineu as the amount oi tax payable in i espect o i taxable i ncome at applicable late oi tax ioi the yeai . me

Government of India, on 20/09/2019, vide the Taxation Laws (Amendment) Ordinance 2019, inserted a new Section 115BAA in the Income Tax Act, 1961, which provides an option to the Company for paying Income Tax at reduced rates as per the provisions/conditions defined in the said section. The Company is continuing to provide for income tax at old rates, based on the available outstanding MAT credit entitlement and various exemptions and deductions available to the Company under the Income Tax Act, 1961.

2.6 Earnings per share

Basic earnings per share is computed by dividing the profit / (loss) after tax (including the post tax effect of extraordinary items, if any) by the weighted average number of equity shares outstanding during the year.

(i) The Company has not advanced or loaned or invested funds to any other persons or entities, 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 or

(b) Provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

(ii) The Company has not received any fund from any persons or entities, 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.

(iii) The company does not have any immovable property, the title deed of which is not held in the name of the company.

(iv) The Company does not have any transactions with companies struck off under section 248 of the Companies Act, 2013 or Section 560 of Companies Act

(v) The Company does not have any transaction which is not recorded in the books of accounts that has been surrendered or disclosed as income during the year in the tax assessments under the Income-tax Act, 1961.

(vi) No proceedings have been initiated or pending against the company under the Benami T ransactions (prohibition) Act 1988.

(vii) The company has not been declared as a wilful defaulter by any bank or financial institution or any other lender.

(viii) The company has neither traded or invested in crypto currency or virtual currency during the year.

Note 20 : The figures have been rounded off to the nearest rupee.

Note 21 : Disclosures of related party transactions (as identified & certified by the management) : As per Accounting Standard-18- '' Related Party Disclosures'' issued by the Institute of Chartered Accountants of India - Nil.

Note 22 : Statutory Audit Fees includes payment of Rs. 8,000/- to the auditors.

Note 23 : Previous Year figures have been regropued /re arranged wherever necessary.

For Rajesh U Shah & Associates For and on behalf of the Board

Firm Registration No. 327799E Chartered Accountants

SD/- SD/-

Taniya Kolhatkar Dharmesh Kotak

SD/- Managing Director Director

Rajesh Shah DIN : 09299839 DIN : 06642157

(Proprietor)

MRN: 056550

SD/- SD/-

Place: Kolkata Naveen Sharma Mandeep Kaur

Date : 30th May, 2024 Chief Financial Officer Company Secretary

UDIN :24056550BJZZAZ6977 DIN : 06781833 Membership No. : 27346

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Mar 31, 2014

NOTE : 1 RELATED PARTY DISCLOSURES

a) KEY MANAGEMENT PERSONNEL

Shailesh G. Parab : Director Rajashree Patil : Director Kishore Patil: Director

b) Relative of Key Manaeement Personnel with whom transaction has taken place NIL

c) ENTERPRISE OVER WHICH KEY MANAGEMENT PERSONNEL & THEIR RELATIVE ARE ABLE TO EXERCISE SIGNIFICANT INFLUENCE

d. Previous Year figures have been re-grouped/re-casted and/or re-arranged wherever found necessary.

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Mar 31, 2013

NOTE : 1 RELATED PARTY DISCLOSURES

a) KEY MANAGEMENT PERSONNEL

Shailesh G. Parab : Director Rajesh Kothari : Director Kishore Patil :Director

b) Relative of Key Management Personnel with whom transaction has taken place NIL

c) ENTERPRISE OVER WHICH KEY MANAGEMENT PERSONNEL & THEIR RELATIVE ARE ABLE TO EXERCISE SIGNIFICANT INFLUENCE NIL

D. Previous Year figures have been re-grouped/re-casted and/or re-arranged wherever found necessary.

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Mar 31, 2012

NOTE : 1 RELATED PARTY DISCLOSURES

a) KEY MANAGEMENT PERSONNEL

Vinod Verm a: Director Raesh Kothari: Director Kishore Fat'' : Director

b) Relative of Key Management Personnel with whom transaction has taken place

NIL

c) ENTERPRISE OVER WHICH KEY MANAGEMENT PERSONNEL & THEIR RELATIVE ARE ABLE TO EXERCISE SIGNIFICANT INFLUENCE NIL

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Mar 31, 2011

1. For the year ended For the year ended March 31,2011 March 31,2010

1 Expenditure on employees geting remuneration not less than Rs. 12,00,000/- per year if emloyed through the year or Rs. 1,00,000/- per month if employed for the part of the year. Nil Nil

2 Earning & Expenditure in Foregin Currency Nil Nil

3 Estimated amount of Contracts remaining to be executed on captial accounts and not provided for Nil Nil

4 previous year's figure have been re-arranged to and regrouped wherever considered necessary, to make them comparable to those of the current year.

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Mar 31, 2010

For the year ended For the year ended March 31,2010 March 31,2009

1 Expenditure on employees getting remuneration not less than Rs. 12,00,000/- per year if employed through the year or Rs. 1,00,000/-per month if employed for the part of the year. Nil Nil

2 Earning & Expenditure in Foreign Currency Nil Nil

3 Estimated amount of contracts remaining to be executed on capital accounts and not provided for Nil Nil

4 Previous years figure have been re-arranged and re-grouped whereever considered necessary, to make them comparable to those of the current year.

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Mar 31, 2009

CONTINGENT LIABILITIES:

Estimated amount of contracts remaining to be executed on capital account and not provided for: Rs Nill (Previous Year: Rs.Nill)

QUANTITATIVE DETAILS:

a) COMPUTER SOFTWARE PROGRAMME :

The company was engaged in the bussiness of development of Computer Software. The purchase , development and sale of Computer Software is note applicable of being expressed in any generic units. Hence, it is not possible to give the quantitative details and information required under paragraph 3,4c and 4d of part II of schedule VI of the Companies Act, 1956.