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Notes to Accounts of Shemaroo Entertainment Ltd.

Mar 31, 2015

1. For the period of five years immediately preceding the date as at which the Balance Sheet is prepared :

a) Aggregate number of shares alloted as fully paid-up pursuant to the contracts without payment being received in cash is NIL

b) 1,48,86,678 equity shares were issued as bonus on August 29, 2011 in the ratio of 3:1 and 41,10372 equity shares were issued as bonus on March 26, 2011 in the ratio of 9:1.

c) Aggregate number of shares bought back is NIL

2. Related party disclosures

a Names of related parties and description of relationship Subsidiaries:

Shemaroo Entertainment INC, USA Shemaroo Entertainment (UK) Private Ltd. Shemaroo Films Private Limited

Key Management Personnel:

Mr. Buddhichand Maroo Mr. Raman Maroo Mr. Atul Maru Mr. Jai Maroo Mr. Hiren Gada Mr. Vinod Karani Mr. Hemant Karani Mr. Bipin Dharod Mr. Ketan Maru Mr. Harakhchand Gada Mrs. Kranti Gada Mrs. Smita Maroo Ms. Mansi Maroo Mr. Ankit Singh

Relatives of Key Management Personnel:

Mrs. Leelaben Maroo (wife of Mr. Buddhichand Maroo) Mrs. Kastur Maroo (wife of Mr. Raman Maroo) Mrs. Sangeeta Maru (wife of Mr. Atul Maru) Mrs. Radhika Maroo (daughter of Mr. Raman Maroo) Ms. Nirvi Maru (daughter of Mr. Atul Maru) Ms. Urvi Maru (daughter of Mr. Atul Maru) Mrs. Madhuri Gada (wife of Mr. Hiren Gada) Mrs. Varsha Karani (wife of Mr. Vinod Karani)

Entities having Common Control:

Atul H. Maru (HUF) Buddhichand H. Maroo (HUF) Raman H. Maroo (HUF) Shemaroo Corporation Sneha Arts Shemaroo Holdings Private Limited Think Walnut Digital Private Limited Technology and Media Group PTE. Ltd. Taurean Estate Development LLP Braj Holdings Pte. Ltd.

Associate Company:

Vistaas Digital Media Private Limited

b Related party transactions

Refer Note b.

3. Details of dues to micro and small enterprises as defined under the MSMED Act, 2006

The Company has not received any information from the "suppliers” regarding their status under the Micro Small and Medium Enterprises Development Act, 2006 & hence, they have been included under Trade Payables.

4. Custom duty and interest thereon aggregating Rs. 1,04,24,082/-, is paid under protest in the Financial Year Ended 31.03.2008. The same is included in Short Term Loans & Advances.

5. An amount of Rs. 7,15,959/- standing as Current Liability in the balance sheet is an amount pending to be repaid to the bidders of the initial public offer of equity shares of the Company which is held and maintained by HDFC Bank Limited, Fort Branch, Mumbai, Refund Bankers to the IPO.

6. Contingent Liabilities

Particulars 31-Mar-15 31-Mar-14

Disputed Direct Tax Demands 98.46 75.24

Disputed Indirect Tax Demands 155.15 161.01

Legal Cases against the company 235.00 227.48

488.60 463.73

The management believes that the ultimate outcome of these proceedings will not have a material adverse effect on the Company's financial position and results of operations.

7.Others

Previous year figures are rearranged or regrouped wherever necessary to conform to current year's presentation


Mar 31, 2014

1 Details of dues to micro and small enterprises as defned under the MSMED Act, 2006

The Company has not received any information from the "suppliers" regarding their status under the Micro Small and Medium Enterprises Development Act, 2006 & hence, they have been included under Trade Payables.

Particulars 31-Mar-14 31-Mar-13 2 Contingent Liabilities

Estimated amount of contracts remaining to be executed on capital account - 5.00

Disputed Direct Tax Demands 75.24 -

Disputed Indirect Tax Demands 161.01 -

Bank Guarantee 20.00 12.00

Legal Cases against the company 227.48 180.51

483.73 197.51

3 Others

Previous year figures are rearranged or regrouped wherever necessary to conform to current year''s presentation


Mar 31, 2013

1. Details of dues to micro and small enterprises as defined under the MSMED Act, 2006

The Company has not received any information from the "suppliers" regarding their status under the Micro Small and Medium Enterprises Development Act, 2006 & hence, they have been included under Trade Payables.

2. Custom duty and interest thereon aggregating Rs. 1,04,24,082/-, is paid under protest in the Financial Year Ended 31.03.2008. The same is included in Short Term Loans & Advances.

3. Contingent Liabilities (Rs. in lacs), except as otherwise stated Particulars March 31, 2013 March 31, 2012

Estimated amount of contracts remaining to be executed on capital account 5.00 5.00

Bank Guarantee 12.00 5.00

Legal Cases against the company 180.51 180.51

Bills of exchange discounted with Bank - 4,332.19

Total 197.51 4,522.70

4. Others

Previous year figures are rearranged or regrouped wherever necessary to conform to current year''s presentation.


Mar 31, 2011

A) Contingent Liabilities (Rs. in ''000)

Estimated amount of contracts remaining to be executed on capital account 125 48

Disputed Direct Tax Demands - 20,297

Disputed Sales Tax Demands - 34,240

Legal Cases against the company 18,051 18,513

Uncalled liability on Partly Paid Shares 34,200 -

Total 52,376 73,097

b) Previous year figures are rearranged or regrouped wherever necessary to conform to current year''s presentation.


Mar 31, 2010

A) Contingent Liabilities not provided for (Rs.in ''000)

Particulars 31-Mar-10 31-Mar-09

Estimated amount of contracts remaining to be executed on capital account 48 -

Disputed Direct Tax Demands 20,297 -

Disputed Sales Tax Demands 34,240 26,037

Disputed Service Tax Demands - 1,588

Legal Cases against the company 18,513 18,513

Total 73,097 46,137

b) Previous year figures are rearranged or regrouped wherever necessary to conform to current year''s presentation.

 
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