Notes to Accounts of IDream Film Infrastructure Company Ltd.

Mar 31, 2024

(K) Contingencies / Provisions:

A provision is recognised when an company has a present obligation as a result of past event; it is probable that an
outflow of resources embodying economic benefit will be required to settle the obligation and reliable estimate can be
made.

(L) Trade and other payables

These amounts represent liabilities for goods and services provided to the Company prior to the end of financial year
which are unpaid. Trade and other payables are recognised, initially at fair value, and subsequently measured at
amortised cost using effective interest rate method.

(M) Investments

On transition to Ind AS, equity investments are measured at fair value, with value changes recognised in Other
Comprehensive Income, except for those mutual fund for which the Company has elected to present the fair value
changes in the Statement of Profit and Loss.

(N) Operating Cycle

Based on the nature of products/activities of the Company and the normal time between acquisition of assets and their
realisation in cash or cash equivalents, the Company has determined its operating cycle as 12 months for the purpose
of classification of its assets and liabilities as current and non current.

17 Financial risk management

The Company’s principal financial liabilities comprise borrowings, trade and other payables. The main purpose of
these financial liabilities is to finance the Company’s operations. The Company’s principal financial assets include
loans, trade and other receivables, and cash and cash equivalents that derive directly from its operations.

Considering the state of affairs of the company, the Company is exposed to liquidity risk. The Company’s senior
management oversees the management of these risks.

A Liquidity risk

Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligations on time or at a
reasonable price. For the Company, liquidity risk arises from obligations on account of financial liabilities - trade
payables and other financial liabilities.

Liquidity risk management

The Company’s Senior Management is responsible for liquidity and funding as well as settlement management. In
addition, processes and policies related to such risks are overseen by senior management.

20 The company has accumulated losses as on the Balance Sheet date amounting Rs. 446.47 Lacs (Previous Year - Rs.430.69
Lacs) against the paid up capital of Rs. 15 lacs. In view of the Management, the company''s accounts are prepared on
going concern basis considering the fact that its holding company will provide continuous financial support.

21 The management assessed that Cash and Cash equivalents, loans, other balances with Banks, trade receivables, trade
payables and other current liabilities/assets approximate their carrying amounts largely due to the short-term maturities of
these instruments.

1. Increase in debt during the year.

2. Decrease in loss during the year.

3. Decrease in finance cost during the year.

23 Benami Property

No proceeding has been initiated or pending against the group for holding any benami property under the Benami
Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder

24 Relationship with Struck off Companies

The Company has no transaction with companies struck off under section 248 of the Companies Act, 2013 or section 560
ofthe Companies Act, 1956.

25 Registration of charges or satisfaction with Registrar of Companies

The Company has no charges or satisfaction yet to be registered with Registrar of Companies beyond the statutory period.

26 Previous year figures have been regrouped and rearranged wherever considered necessary to make them comparable with
those ofthe current year.

For Kami Doshi Associates LLP For and on behalf of the Board of Directors of

Chartered Accountants

FRN: 104746W/W100096 Kalpana Morakhia Rahul Kate

Managing Director Director

Kunal Vakharia DIN: 00336451 DIN: 08099915

Partner

Membership No: 148916

Place: Mumbai Umesh Bhise Nirali Mehta

Date: 10^th May, 2024 Chief Financial Officer Company Secretary

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Mar 31, 2014

1. Terms/rights attached equity shares

The Company has only One class of Equity Share having a par value of Rs.10 per share. Each holder of Equity Shares is entitled to One vote per share. In the event of Liquidation of the company, the holder of Equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

2. CONTINGENT LIABILITIES TO THE EXTENT NOT PROVIDED FOR :

As at As at Particulars March 31, 2014 March 31, 2013

Bond in favour of The President of India for purpose of import and/or sourcing of Capital goods indigenously for the operations of the Company without payment of Customs duty and/or Central Excise 1,194,000.00 1,194,000.00

3. Deferred Income Tax

On the basis of prudence, no recognition of the Deferred Tax Assets of Rs. 2,99,258 (P.Y. 12,39,521/-) for the accumulated losses has been made, as the realisation of the said assets is not virtually certain.

4. Company has changed its name on 17th December, 2009 from Softbpo Global Services Ltd to IDream Film Infrastructure Company Limited which would signify and indicate the group who has acquired the management control of the Company.

5. It may be noted that the IDream Film Infrastructure Company Limited has incurred losses in the past years and current year. The accumulated losses exceed its net worth at the balance sheet date resulting in negative net worth. However the accounts are prepared on going concern basis in view of undertaking from its Holding company for continuous financial support and proposed Rights issue.

6. There is no business activity in current year in the company, hence there is no reporting segment as per AS-17.

7. Related Party Disclosures:

I Names of the Related Parties and description of Relationship

a) Key Management Personnel b) Subsidiary Company

Mr. Vidhyut Jain AHA Parks Ltd. (Formerly known as Valuable Advisors Mr. Samir Patil Ltd.)

Mr. Suri Gopalan d) Associate Company

c) Holding Company Smaaash Entertainment Private Limited (Formerly known as IDream Mediasphere AHA Holdings Pvt. Ltd. Pvt. Ltd) (formerly known as IDream Holdings Pvt Ltd)

8. Trade Payables and Loans and Advances are subject to confirmation and reconciliation, if any.

9. In terms of Section 22 of Micro, Small and Medium Enterprises Development Act, 2006 the outstanding to these enterprises are required to be disclosed. However, these enterprises are required to be registered under the Act. In the absence of information about registration of the enterprise under the above Act, the required information could not be furnished. In view of above and in absence of relevant information the Auditors have relied upon the same.

10. The company has invested Rs. 5,00,000 in equity shares of its wholly owned subsidiary AHA Parks Private Limited and also given a loan of Rs. 2,48,60,966 to its subsidiary. Networth of the subsidiary company has been fully eroded therefore the Company has made provision for the above totalling to Rs. 2,53,60,966.

11. There were no employees in the Company, hence no provision has been made for Gratuity and Leave Encashment.

12. Previous year''s figures have been regrouped/recast wherever necessary.

13. Figures are rounded off to the nearest of Rupee.

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Mar 31, 2013

1 Company has changed its name on 1741 December, 2009 from Softbpo Global Services Ltd to IDream Film Infrastructure Company Limited which would signify and indicate the group who has acquired the management control of the Company.

2 It may be noted that the IDream Film Infrastructure Company Limited has incurred losses in the past years and current year. The accumulated losses exceed its net worth at the balance sheet date resulting in negative net worth. However the accounts are prepared on going concern basis in view of undertaking from its Holding company for continuous financial support and proposed Rights issue.

3 There is no business activity in current year in the company, hence there is no reporting segment as per AS-17.

4 Related Party Disclosures:

I Names of the Related Parties and description of Relationship

a) Key Management Personnel

Mr. Vidhyut Jain

Mr. Samir Patil

Mr. Rajiv Chawla

Mr. Suri Gopalan

Mr. Atul Doshi (upto 22.01.13)

b) Holding Company

AHA Holdings Pvt. Ltd. (formerly known as IDream Holdings Pvt Ltd)

c) Subsidiary Company

AHA Parks Ltd.

(Formerly known as Valuable Advisors Ltd.)

d) Associate Company

Smaaash Entertainment Private Limited (Formerly known as IDream Mediasphere Pvt. Ltd)

5 Trade Payables and Loans and Advances are subject to confirmation and reconciliation, if any.

6 In terms of Section 22 of Micro, Small and Medium Enterprises Development Act, 2006 the outstanding to these enterprises are required to be disclosed. However, these enterprises are required to be registered under the Act. In the absence of information about registration of the enterprise under the above Act, the required information could not be furnished. In view of above and in absence of relevant information the Auditors have relied upon the same.

7 At the end of the year, there were no employees in the Company, hence no provision has been made for Gratuity and Leave Encashment.

8 Previous year''s figures have been regrouped/recast wherever necessary.

9 Figures are rounded off to the nearest of Rupee.

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Mar 31, 2012

A. Terms/rights attached equity shares

The Company has only One class of Equity Share having a par value of Rs. 10 per share. Each holder of Equity Shares is entitled to One vote per share. In the event of Liquidation of the Company, the holder of Equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

Note 1: Loan given to Subsidiary is interest free and recallable at any time

Note 2: In the opinion of the board, the Current Assets, Loans and Advances are approximately of the value stated, if realized in the ordinary course of business. The provision for all known Liabilities and for Depreciation is adequate and not in excess of the amount reasonably necessary.

1(1)CONTINGENT LIABILITIES TO THE EXTENT NOT PROVIDED FOR :

(Rupees) Particulars As at As at 31.3.2012 31.3.2011

Bond in favour of The President of India for purpose of import and/or sourcing of Capital goods indigenously for the operations of the Company without payment of Customs duty and/or Central Excise 1,194,000 1,194,000

1(2) DEFERRED INCOME TAX

On the basis of prudence, no recognition of the Deferred Tax Assets of Rs. 1,67,368 (P.Y. Rs.1,67,368) for the accumulated losses has been made, as the realisation of the said assets is not virtually certain.

NOTE 3 OTHER NOTES TO THE ACCOUNTS

1 Company has changed its name on 1741 December, 2009 from Softbpo Global Services Ltd to IDream Film Infrastructure Company Limited which would signifies and indicate the group who has acquired the management control of the Company.

2 It may be noted that the IDream Film Infrastructure Company Limited has incurred losses in the past years and current year. The accumulated losses exceed its net worth at the balance sheet date resulting in negative net worth. However the accounts are prepared on going concern basis in view of undertaking from its Holding company for continuous financial support and proposed Rights issue.

3 There is no business activity in current year in the Company, hence there is no reporting segment as per AS-17.

4 Related Party Disclosures:

I Names of the related parties and description of Relationship

a) Key Management Personnel

Mr. Ashish Bhatnagar (resigned on 02/07/2011)

Mr. Atul Doshi

Mr. Vidhyut Jain

Mr. Samir Patil (Appointed on 02/07/2011)

Mr. Pramod Krishna (Appointed on 12/08/2011 and Resigned on 18/2/2012)

Mr. Suri Gopalan (Appointed on 12/08/2011)

Mr. Rajiv Chawla (Appointed on 12/08/2011)

b) Holding Company

AHA Holdings Pvt. Ltd. (formerly known as IDream Holdings Pvt Ltd)

c) Subsidiary Company

AHA Parks Ltd. (Formerly known as Valuable Advisors Ltd.)

Note:

1) Related parties are being recognised / identified by the management and relied upon by the auditors.

2) Previous Year's figures are given in bracket.

4 Creditors and Loans and Advances are subject to confirmation and reconciliation, if any.

5 In terms of Section 22 of Micro, Small and Medium Enterprises Development Act, 2006 the outstanding to these enterprises are required to be disclosed. However, these enterprises are required to be registered under the Act. In the absence of information about registration of the enterprise under the above Act, the required information could not be furnished. In view of above and in absence of relevant information the Auditors have relied upon the same.

6 At the end of the year, there were no employees in the Company, hence no provision has been made for Gratuity and Leave Encashment.

7 Previous year's figures have been regrouped/recast wherever necessary.

8 Figures are rounded off to the nearest of Rupee.

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Mar 31, 2010

1 Company name did not provide proper identity with respect to the new promoters of the Company. So Company has changed its name on 17th December, 2009 from Softbpo Global Services Ltd to IDream Film Infrastructure Company Limited which would signify and indicate the group who has acquired the management control of the Company.

2 Contingent liabilities to the extent not provided for: 31/3/2010 31/3/2009

Bond in favour of The President of India for purpose of import and/or Rs. Rs.

sourcing of Capital goods indigenously for the operations of the Company without payment of Customs duty and/or Central Excise 1,194,000 1,194,000



3 Loan given to Subsidiary is interest free and there is no scheduled payment for the same.

4 Deferred Income Tax

On the basis of prudence, no recognition of the Deferred Tax Assets of Rs.9,17,711( P.Y. Rs. 5,91,171) for the accumulated losses has been made, as the realisation of the said assets is not virtually certain

5 In the opinion of the board, the Current Assets, Loans and Advances are approximately of the value stated, if realized in the ordinary course of business. The provision for all Known Liabilities and for Depreciation is adequate and not in excess of the amount reasonably necessary.

6 Additional information as required pursuant to the provisions of paragraphs 3,4C and D of Part II and Part IV of schedule VI of the Companies Act, 1956 cannot be furnished as the company has not engaged in any services during the year.

7 Debtors, Creditors and Loans and Advances are subject to confirmation and reconciliation, if any.

8 In terms of Section 22 of Micro, Small and Medium Enterprises Development Act, 2006 the outstanding to these enterprises are required to be disclosed. However, these enterprises are required to be registered under the Act. hi the absence of information about registration of the enterprise under the above Act, the required information could not be furnished. In view of above and in absence of relevant in formation the Auditors have relied upon the same

9 At the end of the year there were no employees in the Company, hence no provision has been made for Gratuity and Leave Encashment.

10 Previous years figures have been regrouped/recast wherever necessary.

11 Figures are rounded off to the nearest of Rupee.