OPERATING SEGMENT INFORMATION
The operations of the Company relate to only one segment viz. Media & Entertainment. The business activities of the Company are confined to India only. Hence no additional disclosures are made as required under Ind AS - 108 on "Operating Segments" issued by the Institute of Chartered Accountants of India.
FINANCIAL INSTRUMENT - ACCOUNTING CLASSIFICATION AND FAIR VALUE
The Fair value to be financial assets and liabilities are included at the amount at which the instrument can be exchanged in the current transaction between willing parties, other than in forced or liquidation sale.
The following methods and assumptions were used to estimate fair value:
Fair value of the cash and cash equivalent, short term borrowings and other current financial instruments approximate their carrying amount largely due to short term maturities of these instruments.
The following table shows the Levels within the hierarchy of financial assets and liabilities measured at fair value on a recurring basis.
FOREIGN CURRENCY RISK
Foreign currency risk arises from commercial transaction that recognize assets and liabilities denominated in currency that is not a Company functional currency (INR). The Company is not exposed to significant foreign exchange risk at the respective reporting dates.
37. CREDIT RISK
Credit risk arises from the possibility that counter party may not be settle their obligations are agreed. The Company is not exposed to significant credit risk at the respective reporting dates.
38. INTEREST RATE RISK
Interest rate risk is the risk that the fair value or future cash flows of a financial instruments will fluctuate because of changes in market interest rates. Company does not have significant exposure to the risk of changes in market interest rates as Company's debt obligations in a fixed
39. 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. The Company is not exposed to significant liquidity risk at the respective reporting dates.
41. GOING CONCERN BASIS
The directors have considered the basis of preparation of the Company's financial statements and after careful assessment have concluded that it continues to be appropriate to prepare these financial statements on a going concern basis.
45. CONTINGENT LIABILITIES
The Company does not have any contingent liabilities as at 31st March 2023 (Previous year - NIL).
46. PREVIOUS YEAR'S FIGURES
Previous year figures have been regrouped, recast and rearranged wherever necessary so as to make them comparable with those of current year.
The accompanying notes are an integral part of the financial statements
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