Notes to Accounts of Regal Entertainment & Consultants Ltd.

Mar 31, 2025

1.11 Provisions, contingent liabilities and contingent assets:

Provisions are recognised only when:

i. an Company entity has a present obligation (legal or constructive) as a result of
a past event; and

ii. it is probable that an outflow of resources embodying economic benefits will be
required to settle the obligation; and

iii. a reliable estimate can be made of the amount of the obligation

Provision is measured using the cash flows estimated to settle the present obligation and
when the effect of time value of money is material, the carrying amount of the provision
is the present value of those cash flows. Reimbursement expected in respect of
expenditure required to settle a provision is recognised only when it is virtually certain that
the reimbursement will be received.

Contingent liability is disclosed in case of:

i. a present obligation arising from past events, when it is not probable that an outflow
of resources will be required to settle the obligation; and

ii. a present obligation arising from past events, when no reliable estimate is possible.
Contingent assets are disclosed where an inflow of economic benefits is probable.
Provisions, contingent liabilities and contingent assets are reviewed at each Balance Sheet
date.

Where the unavoidable costs of meeting the obligations under the contract exceed the
economic benefits expected to be received under such contract, the present obligation
under the contract is recognised and measured as a provision.

1.12 Statement of cash flows:

Statement of cash flows is prepared segregating the cash flows into operating, investing
and financing activities. Cash flow from operating activities is reported using indirect
method adjusting the net profit for the effects of:

i. changes during the period in operating receivables and payables transactions of

a non-cash nature;

ii. non-cash items such as depreciation, provisions, deferred taxes, un-realised gains
and losses; and

iii. all other items for which the cash effects are investing or financing cash flows.
Cash and cash equivalents (including bank balances) shown in the Statement of Cash
Flows exclude items which are not available for general use as on the date of Balance
Sheet.

1.13 Earnings per share:

The Company presents basic and diluted earnings per share data for its ordinary shares.
Basic earnings per share is calculated by dividing the profit or loss attributable to ordinary
shareholders of the Company by the weighted average number of ordinary shares
outstanding during the year. Diluted earnings per share is determined by adjusting the
profit or loss attributable to ordinary shareholders and the weighted average number of
ordinary shares outstanding, adjusted for own shares held, for the effects of all dilutive
potential ordinary shares.

1.145 Key source of estimation:

The preparation of financial statements in conformity with Ind AS requires that the
management of the Company makes estimates and assumptions that affect the reported
amounts of income and expenses of the period, the reported balances of assets and
liabilities and the disclosures relating to contingent liabilities as of the date of the financial
statements. The estimates and underlying assumptions are reviewed on an ongoing basis.
Revisions to accounting estimates include useful lives of property, plant and equipment &
intangible assets, expected credit loss on loan books, future obligations in respect of
retirement benefit plans, fair value measurement etc. Difference, if any, between the actual
results and estimates is recognised in the period in which the results are known.

1.16 Changes in Accounting Standard and recent accounting pronouncements
(New Accounting Standards issued but not effective):

On March 30, 2022, the Ministry of Corporate Affairs issued the Companies (Indian
Accounting Standards) (Amendments) Rules, 2019, notifying Ind AS 116 on Leases. Ind
AS 116 would replace the existing leases standard Ind AS 17. The standard sets out the
principles for the recognition, measurement, presentation and disclosures for both parties
to a contract, i.e. the lessee and the lessor. Ind AS 116 introduces a single lease accounting
model and requires a lessee to recognise assets and liabilities for all leases with a term of
more than 12 months, unless the underlying asset is of low value. Currently for operating
lease, rentals are charged to the statement of profit and loss. The Company is currently
evaluating the implication of Ind AS 116 on the financial statements.

The Companies (Indian Accounting Standards) Amendment Rules, 2019 notified
amendments to the following accounting standards. The amendments would be effective
from April 1, 2019

a) Ind AS 12, Income taxes — Appendix C on uncertainty over income tax treatments

b) Ind AS 19— Employee benefits

c) Ind AS 23 — Borrowing costs

d) Ind AS 28— investment in associates and joint ventures

e) Ind AS 103 and Ind AS 111 — Business combinations and joint arrangements

f) Ind AS 109 — Financial instruments

The Company is in the process of evaluating the impact of such amendments.

1.17 Inventories

Inventories have been valued at the method prescribed in the Accounting Standards.

1.18 Other Income Recognition

Interest on Loan is booked on a time proportion basis taking into account the amounts
invested and the rate of interest.

Dividend income on investments is accounted for when the right to receive the payment
is established.

1.19 Purchases

Purchase is recognized on passing of ownership in share based on broker’s purchase note.

1.20 Expenditure

Expenses are accounted for on accrual basis and provision is made for all known losses
and liabilities.

1.21 Related Parties

Parties are considered to be related if at any time during the reporting period one party
has the ability to control the other party or exercise significant influence over the other
party in making financial and/or operating decisions.

As required by AS-18 “Related Party Disclosure” only following related party relationships
are covered:

i. Enterprises that directly, or indirectly through one or more intermediaries,
control, or are controlled by, or are under common control with, the reporting enterprise
(this includes holding Companies, subsidiaries and fellow subsidiaries);

ii. Associates and joint ventures of the reporting enterprise and the investing party
or venture in respect of which the reporting enterprise is an associate or a joint venture;

iii. Individuals owning, directly or indirectly, an interest in the voting power of the
reporting enterprise that gives them control or significant influence over the enterprise,
and relatives of any such individual;

iv. Key management personnel (KMP) and relatives of such personnel; and

v. Enterprises over which any person described in (iii) or (iv) is able to exercise
significant influence.

1.23 Stock In Trade
Shares are valued at cost.

1.24 Fair Value Hierarchy

Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2 - Inputs other than quoted prices included within Level 1 that are observable for
the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices).

Level 3 - Inputs for the assets or liabilities that are not based on observable market data
(unobservable inputs).

1.25 Financial Risk Management Objectives and Policies:

The Company’s activities are exposed to a variety of Financial Risks from its Operations.
The key financial risks include Market risk, Credit risk and Liquidity risk.

i. Market Risk:

Market risk is the risk that the fair value of future cash flows of a financial instrument will
fluctuate because of changes in market prices. Market risk comprises mainly three types

of risk, foreign currency risk, Interest rate risk and other price risk such as Equity price
risk and Commodity Price risk.

ii. Foreign Currency Risk:

There are no Foreign Currency transactions during the financial year.

iii. Foreign Currency Sensitivity:

There are no Foreign Currency transactions during the financial year.

iv. Credit Risk:

Credit risk is the risk that counterparty might not honor its obligations under a financial
instrument or customer contract, leading to a financial loss. The company is exposed to
credit risk from its operating activities (primarily trade receivables).

v. Trade Receivables:

Customer credit risk is managed based on company’s established policy, procedures and
controls. The company assesses the credit quality of the counterparties, taking into
account their financial position, past experience and other factors.

Credit risk is reduced by receiving pre-payments and export letter of credit to the extent
possible. The Company has a well-defined sales policy to minimize its risk of credit
defaults. Outstanding customer receivables are regularly monitored and assessed. The
Company follows the simplified approach for recognition of impairment loss and the
same, if any, is provided as per its respective customer''s credit risk as on the reporting
date.

vi. Liquidity Risk:

Liquidity risk is the risk, where the company will encounter difficulty in meeting the
obligations associated with its financial liabilities that are settled by delivering cash or
another financial asset. The company''s approach is to ensure, as far as possible, that it will
have sufficient liquidity to meet its liabilities when due.

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Mar 31, 2024

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 will be required to settle the obligation, in respect of which a reliable estimate can be made of the amount of obligation.
Provisions are not discounted to its present value and are determined based on best estimate required to settle the obligation at the
reporting date. These are reviewed at each reporting date and adjusted to reflect the current best estimates.

E Contingent liabilities and Assets

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. Where there is a possible obligation or a
present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.

Contingent assets are not recognised in the financial statements if the inflow of the economic benefit is probable than it is disclosed in
the financial statements.

F Cash and cash equivalents

Cash and cash equivalents for the purposes of cash flow statement comprise cash at bank and in hand and short-term investments
with an original maturity of three months or less.

Tax expense comprises current and deferred tax. Current income-tax is measured at the amount expected to be paid to the tax
authorities in accordance with the Income-tax Act, 1961. The tax rates and tax laws used to compute the amount are those that are
enacted or substantively enacted, at the reporting date.

Deferred income taxes reflect the impact of temporary timing differences between taxable income and accounting income originating
during the current year and reversal of timing differences for the earlier years. Deferred tax is measured using the tax rates and the
tax laws enacted or substantively enacted at the reporting date.

Deferred tax liabilities are recognized for all taxable temporary timing differences. Deferred tax assets are recognized for deductible
temporary timing differences only to the extent that there is reasonable certainty that sufficient future taxable income will be
available against which such deferred tax assets can be realized.

At each reporting date, the Company re-assesses unrecognized deferred tax assets. It recognizes unrecognized deferred tax asset to
the extent that it has become reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be
available against which such deferred tax assets can be realized.

The carrying amount of deferred tax assets are reviewed at each reporting date. The Company writesdown the carrying amount of
deferred tax asset to the extent that it is no longer reasonably certain or virtually certain, as the case may be, that sufficient future
taxable income will be available against which deferred tax asset can be realized. Any such write-down is reversed to the extent that it
becomes reasonably certain or virtually certain, as the case may be, that sufficient future taxable income will be available.

Minimum Alternate Tax

Minimum Alternate Tax credit is recognised as deferred tax asset only when and to the extent there is convincing evidence that the
Company will pay normal income tax during the specified period. Such asset is reviewed at each balance sheet date and the carrying
amount of the MAT credit asset is written down to the extent there is no longer a convincing evidence to the effect that the Company
will pay normal income tax during the specified period.

The main business of the Company is to provide finance and all other activities of the Company revolve around the main business.

1 Accordingly, the Company does not have more than one segment for reporting as per the Ind AS 108 "Segment Reporting”.

The figures of the earlier periods have been regrouped/reclassified whenever necessary to make them comparable with those of the

2 current period

The Statutory Auditors of the Company have carried out a audited results for the quarter and year ended March 31, 2024 in
compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Financial Results
have been Review by the Audit Committee and thereafter approved by the Board of Directors at their respective meeting held on May

3 31, 2024._

For and on behalf of the Board of Directors
For Regal Entertainment and Consultancy Ltd

Sd/-

Place : Mumbai Shreyash Chaturvedi

Date : May 31, 2024 Managing Director

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Mar 31, 2014

1. CORPORATE INFORMATION

Name: Regal Entertainment & Consultants Ltd

Address: Ground Floor,24,Gunbow Street,Fort.Mumbai-400 001.

Nature of Business: Financial Activities

2. Contingent Liabilities: Nil

3. Debit and Credit balances of the parties are subject to confirmation.

4. In the opinion of the Board of Directors, the Current Assets, Loans & Advances are approximately of the values stated, if realized in the ordinary course of business. Certain Balances in Loans and Advances are subject to confirmations/reconciliation and adjustments, the effect of which in the opinion of the management will not be significant, and would be carried out as and when settled.

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Mar 31, 2013

1. CORPORATE INFORMATION

Name: Regal Entertainment & Consultants Ltd

Address: Ground Floor,24,Gunbow Street,Fort.Mumbai-400001

Nature of Business: Financial Activities

2. There are no S.S.I. creditors above 30 days exceeding Rs. 1,00,000/-.

3. Expenditure on employee getting remuneration not less than Rs. 60,00,000 / - p.a. or Rs. 5,00,000 / - p.m. is Nil

4. Contingent Liabilities: Nil

5. Debit and Credit balances of the parties are subject to confirmation.

6. In the opinion of the Board of Directors, the Current Assets, Loans & Advances are approximately of the values stated, if realized in the ordinary course of business. Certain Balances in Loans and Advances are subject to confirmations/reconciliation and adjustments, the effect of which in the opinion of the management will not be significant, and would be carried out as and when settled.

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Mar 31, 2012

1. CORPORATE INFORMATION

Name: Regal Entertainment & Consultants Ltd.

Address: Ground Floor,24,Gunbow Street,Fort.Mumbai-400001.

Nature of Business: Financial activities

2 MAT Credit of F.Y.2007-2008 amounting to Rs.1,85,732/- which was unrecorded has been now recorded.

3 There are no S.S.I. creditors above 30 days exceeding Rs. 1,00,000/-.

4 Expenditure on employee getting remuneration not less than Rs. 60,00,000 / - p.a. or Rs. 5,00,000 / - p.m. is Nil

5 Contingent Liabilities: Nil

6 Debit and Credit balances of the parties are subject to confirmation.

7 In the opinion of the Board of Directors, the Current Assets, Loans & Advances are approximately of the values stated,if realized in the ordinary course of business Certain Balances in Loans and Advances are subject to confirmations/ reconciliation and adjustments, the effect of which in the opinion of the management will not be significant, and would be carried out as and when settled.

8 The Revised Schedule VI has become effective from 1 April, 2011 for the preparation of financial statements .This has significantly impacted the disclosure and presentation made in the financial statements.Previous year's figures have been regrouped / reclassified wherever necessary to correspond with the current year's classification / disclosure.

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Mar 31, 2010

1. Previous year figures are regrouped/rearranged wherever necessary.

2. There are no S.S.I. creditors above 30 days exceeding Rs.1,00,000 /-.

4. Expenditure on employee getting remuneration not less than Rs.24,00,000 /- p.a. or Rs.2,00,000/- p.m. is Nil.

5. Contingent Liabilities: Nil

6. Debit and Credit balances of the parties are subject to confirmation.

7. In the opinion of the Board of Directors, the Current Assets, Loans & Advances are approximately of the values stated, if realised in the ordinary course of business. Certain Balances in Sundry Debtors, Loans and Advances are subject to confirmations/reconciliation and adjustments, the effect of which in the opinion of the management will not be significant, and would be carried out as and when settled.