Accounting Policies of Moving Media Entertainment Ltd. Company

Mar 31, 2025

Significant Accounting Policies

A. Statement of Compliance

The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in India (Indian GAAP). These
financial statements have been prepared to comply in all material respects specified under Section 133 of the Act, read with Rule 7 of the Companies
(Accounts) Amendment Rules, 2021 and Companies (Accounting Standards) Amendment Rules, 2021.

B. Basis of Preparation

The financial statements have been prepared on an accrual basis and under the historical cost convention.

C. Operating Cycle

All the assets and liabilities have been classified as current as per the Company''s normal operating cycle and other criteria set out in Schedule III to the
Companies Act, 2013. Based on the nature of products and the time between the acquisition of assets for processing and their realization in cash and
equivalent, the Company has ascertained its operating cycle to be 12 months for the purpose of current-non-current classification of assets and liabilities.

D. Use of Estimates

The Preparation of financial statements in conformity with generally accepted principles requires the Management to make estimates and assumptions
considered in the reported amounts of assets and liabilities (including contingent liabilities) and the reported income and expenses during the year. The
Management believes that the estimates used in preparation of the financial statements are prudent and reasonable. Future results could differ due to these
estimates and the differences between the actual results and the estimates are recognised in the periods in which the results are known/ materialised.

E. Current and Non-Current Classification

The Company presents assets and liabilities in the Balance Sheet based on current/ non-current classification. An asset is treated as current when it is:

i) Expected to be realised or intended to be sold or consumed in normal operating cycle

ii) Held primarily for the purpose of trading

iii) Expected to be realised within twelve months after the reporting period, or

iv) Cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period.

All other assets are classified as non-current.

A liability is current when:

i) It is expected to be settled in normal operating cycle

ii) It is held primarily for the purpose of trading

iii) It is due to be settled within twelve months after the reporting period, or

iv) There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period.

The Company classifies all other liabilities as non-current.

F. Property, Plant and Equipment & Intangible Assets:

Property, Plant and Equipment & Intangible Assets:

i. Recognition and measurement

Property, Plant and Equipment (PPE) are capitalised at acquisition cost, including directly attributable costs such as freight, insurance and specific
installation charges for bringing the assets to working condition for use.

Company has adopted cost model for all class of items of Property Plant and Equipment.

ii. Depreciation

During the year, the same has been calculated in accordance with the Schedule II prescribed under Companies Act, 2013. The Company depreciates its fixed
assets on WDV basis in the manner prescribed in Schedule II of the Act Depreciation for assets purchased / sold during a period is proportionately charged.
Depreciation on additions to assets or on sale/discardment of assets is calculated on prorata basis from the date of such addition or up to the date of such
sale/discardment, as the case may be.

G. Cash and Cash Equivalents

Cash and cash equivalent in the Balance Sheet comprise cash at banks and on hand and short-term deposits with an original maturity of three months or less,
which are subject to an insignificant risk of changes in value.

H. Revenue Recognition

i) Sale of Services

Revenue from services rendered is recognised in Statement of Profit and Loss as the underlying services are performed and recognised net of GST.

ii) GST

GST on purchase of hire services has been deducted in the value of services. Input credit in respect of services and capital expenditure has been accounted for
on accrual basis. Input Credit on capital goods has been deducted from the cost of such capital goods/GST.

I Borrowing Costs

Borrowing costs that are attributable to the acquisition or construction of qualifying assets are capitalised as part of the cost of assets. A qualifying asset is
one that necessarily takes substantial part of time to get ready for its intended use.

All other borrowing costs are expensed in the period in which they occur. Borrowing costs consist of interest and other costs that the Company incurs in
connection with the borrowing of funds.

J Employee Benefits:

Short-term employee benefits are recognized as an expense at the undiscounted amount in the Statement of profit and loss of the year in which the related
service is rendered.

K Related Party Transaction

Disclosure of transactions with related parties and where control exists, as required by Accounting Standard 18 "Related Party Disclosure" has been set out in
a Notes to the Financial Statement. Related parties as defined under clause 3 of the Accounting Standard have been identified based on representations made
by key managerial personnel and information available with the Company.

L Earnings per share

Basic earnings per share are calculated by dividing the net profit or loss for the year (after deducting preference dividends and attributable taxes) attributable
to equity share holders 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 events of fresh issue of equity shares.

For the purpose of calculating diluted earnings per share, the net profit or loss for the year (after deducting preference dividends and attributable taxes)
attributable equity share holders and the weighted average number of equity shares outstanding during the year are adjusted for the effects of all dilutive
potential equity shares.

M Tax Expense

(a) Tax expense comprises of both current and deferred taxes. The current charge for income taxes is calculated in accordance with the relevant tax
regulations. Deferred income taxes reflect the impact of current year timing differences between taxable income and accounting income for the year and
reversal of timing differences of earlier years. Deferred tax is measured based on the tax rates and the tax laws enacted or substantively enacted at the
Balance Sheet date.

(b) Deferred tax liability are recognized only to the extent that there is reasonable certainty that sufficient future tax liability will arise against which such
deferred tax liability can be arised. Deferred tax liability are recognized on difference in WDV of assets there is certainty that such deferred tax liability will
be arised in against future taxable profits.