అకౌంట్స్ గమనికలుInspire Films Ltd.

Mar 31, 2025

The Company issued Bonus Shares in the ratio of 940:1 on 7^th August 2023 by capitalising the Reserves and Surplus including Share Premium available on that date.

b The Company made an Initial Public Offering of 35,98,000 shares of ^ 10/- each at a Premium of ^ 49/- each on the NSE Emerge Platform. These shares were allotted on 3^rd October 2023.

3.2 Terms/rights attached to equity shares

The Company has only one class of equity shares having a par value of ^ 10 per share. Each holder of equity shares is entitled to one vote per share.

In the event of liquidation of the Company, the equity shareholders will be entitled to receive the remaining assets of the Company, after distribution of all preferential amounts, if any, in proportion to the number of equity shares held by the shareholders.

a. Term Loan facility from Kotak Mahindra Prime Limited carries interest at a floating rate of Repo rate with a spread of 0.80% p.a., totaling to 10% pa. at the time of sanction and the balance repayable as on 31 March 2025 is 132 monthly installment. The facility is secured by a mortgage of the personal property and personal guarantee of Directors.

b. Term Loan facility was taken on 24 July 2024 from Axis Bank Limited carries interest at a floating rate of Repo rate with a spread of 3.5% p.a., totaling to 10% p.a. at the time of sanction and the balance repayable as on 31 March 2025 is 90 monthly installment. The facility is secured by a mortgage of the personal property and personal guarantee of Directors.

An Overdraft facility of Rs. ^ 800 lakhs which carries interest at a floating rate of Repo rate with a spread of 3.50% p.a., totaling to 10.00% at the time of sanction, annually renewable from date of disbursment. The facility is secured by a mortgage of the personal property and personal guarantee of Directors.

Weighted average number of equity shares has been computed considering shares outstanding at the beginning of the year and the effect of shares issued during the year, including those issued through the Initial Public Offering.

28 Segment Information

The Company is mainly engaged in the business of content creation and licencing and distribution of content. Looking into the nature of business, company is operating under single segment being Media & Entertainment. Hence segment reporting is not applicable to the Company.

a. The Company has filed an appeal pending for disposal in the Hon''ble Sessions Court of Greater Mumbai regarding prosecution for late deposit of TDS amounts pertaining to FY 13-14, FY 14-15 and FY 15-16. The Company has filed compounding applications with the CCIT(TDS) - Mumbai and the same are under consideration. Should these applications be accepted, the Company estimates that the compounding charges for these years will be ^ 249.79 lakhs.

b. The Company has also filed a compounding application with the CCIT(TDS) - Mumbai for the year FY 16-17 and the same is under consideration. Should this application be accepted, the Company estimates that the compounding charges for the said year will be ^ 110.61 lakhs.

32 Additional regulatory information required by Schedule III

(i) Details of Benami Property held

There have been no proceedings initiated or are pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

(ii) Details of borrowings from banks or financial institutions on the basis of security of current assets

The Company have sanctioned borrowings/facilities from banks on the basis of security of current assets. The quarterly returns or statements of current assets filed by the Company with banks and financial institutions are in agreement with the books of accounts.

(iii) Wilful Defaulter

The Company has not been declared wilful defaulter by any bank of financial institution or government or any other lender.

(iv) Relationship with Struck off Companies

The Company does not have any transactions with the companies struck off under section 248 of Companies Act, 2013 and section 560 of Companies Act, 1956.

(v) Compliance with number of layers of companies

The Company has complied with the number of layers prescribed under the Companies Act, 2013.

(vi) Compliance with approved scheme(s) of arrangements

The Company has not entered into any scheme of arrangement which has an accounting impact on current or previous financial year.

(vii) Utilisation of borrowed funds and share premium

(A) During the year, the Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities (intermediaries) with the understanding that the intermediary shall:

(1) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (Ultimate Beneficiaries) or

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

(B) During the year, the Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) that the Company shall:

(1) 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

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

(viii) Undisclosed Income

The Company has not surrendered or disclosed any transaction, previously unrecorded in the books of account, in the tax assessments under the Income Tax Act, 1961 as income during the year.

(ix) Details of crypto currency or virtual currency

The Company has not traded or invested in crypto currency or virtual currency during the financial year.

(x) Revaluation of PPE

The Company has not revalued its Property, Plant and Equipment or intangible assets during the year ended 31 March 2025.

(xi) Title deed of immovable properties not held in the name of the Company

The title deed of immovable properties are not held in the name of the Company.

(xii) Registration of charges or satisfaction with Registrar of Companies (ROC)

The Company does not have any charges or satisfaction yet to be registered with the Registrar of Companies beyond the statutory period.

(xiii) Corporate Social Responsibility (CSR)

Section 135 of the Companies Act, 2013 is not applicable to the Company for the current financial year.

(xiv) Declaration of dividend

During the year, Company has not declared or paid any dividend.

33. Previous years figures have been reclassified to conform to this year''s classification

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Mar 31, 2024

k Provisions

A provision is recognized when the company has a present obligation as a result of past event, it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can be made of the amount of the obligation. Provisions are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the reporting date. These estimates are reviewed at each reporting date and adjusted to reflect the current best estimates

l Valuation of Work-in-Progress

Work-in-Progress compromises of the following elements:

i) The cost of TV serial episodes shot but not aired according to the percentage of completion as estimated by the management.

ii) Major One Time Cost incurred for which the benefit will accrue over several episodes.

iii) Cost incurred for conceptualization, production and marketing of new serials which have been bagged either during the year or even after the year before the accounts are finalized.

iv) Cost incurred for conceptualisation and development of new web series for hosting on Television and OTT Channels .

v) Work-in-Progress is valued at lower of cost or net realisable value.

m Contingent liabilities

A contingent liability is a possible obligation that arises from past events whose existence will be confirmed by the occurrence or non-occurrence of one or more uncertain future events beyond the control of the company or a present obligation that is not recognized because it is not probable that an outflow of resources will be required to settle the obligation. A contingent liability also arises in extremely rare cases where there is a liability that cannot be recognized because it cannot be measured reliably. The company does not recognize a contingent liability but discloses its existence in the financial statements.

n Borrowing Cost

Borrowing costs directly attributable to the acquisitions, construction or production of a qualifying asset are capitalized during the period of time that is necessary to complete and prepare the asset for its intended use or sale. Other borrowing costs are expensed in the period in which they are incurred and reported in finance costs. A qualifying asset is one that necessarily takes substantial period of time to get ready for its intended use.

In terms of our report attached as of even date For & on Behalf of the Board

For JMT & Associates Chartered Accountants

Nikhil Champaklal Morsawala Yash A Patnaik Mamta Yash Patnaik

Partnership (Director) (Director)

Membership No. : 034726 DIN: 01270640 DIN: 02140699

Firm Reg. No. : 104167W

Place: Mumbai

Date: 29th May 2024

UDIN: 24034726BKHRBM6787