Notes to Accounts of Sharpline Broadcast Ltd.

Mar 31, 2025

J. Provisions

Provisions for legal claims, service warranties, volume discounts and returns are recognized when the Company
has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources
will be required to settle the obligation and the amount can be reliably estimated. Provisions are not recognized
for future operating losses.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is
determined by considering the class of obligations as a whole. A provision is recognized even if the likelihood of
an outflow with respect to any one item included in the same class of obligations may be small.

Provisions are measured at the present value of managements best estimates of the expenditure incurred to settle
the present obligation at the end of the reporting period. The discount rate used to determine the present value is
a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the
liability.

The increase in the provision due to the passage of time is recognized as interest expense.

K. Trade receivables

Trade receivables are recognized initially at fair value and subsequently measured at amortized cost using the
effective interest method, less provision for impairment.

Trade Receivables have been taken at fair value subject to confirmation and reconciliation.

L. Trade payables

These amounts represent liabilities for goods and services provided to the Company prior to the end of financial
year which are unpaid. The amounts are unsecured and are usually paid as per the agreed terms. Trade and other
payables are presented as current liabilities unless payment is not due within 12 months after the reporting period.
They are recognized initially at their fair value and subsequently measured at amortized cost using the effective
interest method.

14. The management is of the view that the investment in equity shares of Unlisted companies amounting Rs.

320.66 lacs have to be written off as the company has been struck off and no amount can be realised from
the same.

15. During the year, the company has borrowed Car Loan from Bank of India on which Balance o/s is Rs.89.77
lacs are Long Term borrowings.

16. There are no charges or satisfaction of charge pending to be registered with Registrar of Companies beyond
the statutory period, as applicable.

17. The company has not been declared wilful defaulter by any bank or financial institution or other lender during
the year.

18. The company has complied with the number of layers prescribed u/s 2(87) of the Act read with Companies
(Restriction on number of layers) Rules, 2017.

19. The company does not hold any Benami property and no proceeding have been initiated or pending against
the company in such respect.

20. The company has not entered into any transactions with struck off companies.

21. The company has not traded or invested in Crypto currency or Virtual Currency during the year.

22. The company has made detailed assessment of its liquidity position and of the recoverability and carrying
value of its assets as on the balance sheet date and has concluded that no material adjustments are required to
be made in financial statements.

23. In the opinion of the management all the assets of the company have a value on realization in the ordinary
course of business, at least equal to the amount at which they are stated in the financial statements.

24. Previous year figures have been regrouped/rearranged wherever necessary.

25. Whenever the balance confirmation is not available from the parties, the balance as appearing in the books of
accounts have been considered.

Signed In terms of our report attached. For and on behalf of the Board of Directors

For & on behalf of

BAS & Co. LLP Sd/- Sd/-

Chartered Accountants

FRN .: 323347E/E300008 (Sanjeev Kumar Jha) (Urmil Gupta)

Chairperson Director

DIN-02840583 DIN-07070194

(CA Ritika Agarwal)

Designated Partner Sd/- Sd/-

M. No. 527731 (Muskan Suhag) (Monica Asri)

Place: New Delhi Company Secretary Chief Financial Officer

Date: 30^th May, 2025 M.No: 75927 PAN:BOEPS4419G

UDIN: 25527731BMIARW3624

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Mar 31, 2024

F. 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.

G. Inventories

Inventories are valued at the lower of cost and net realizable value except scrap and by
products which are valued at net realizable value.

Costs incurred in bringing the inventory to its present location and condition, are accounted
for as follows:

a. Raw materials: cost includes cost of purchase and other costs incurred in bringing
the inventories to their present location and condition. Cost is determined on
weighted average basis.

b. Finished goods and work in progress: cost includes cost of direct materials and labor
and a proportion of manufacturing overheads based on the normal operating
capacity, but excluding borrowing costs. Cost is determined on weighted average
basis.

Net realizable value is the estimated selling price in the ordinary course of business, less
estimated costs of completion and the estimated costs necessary to make the sale. Obsolete
inventories are identified and written down to net realizable value. Slow moving and
defective inventories are identified and provided to net realizable value.

The company does not have any inventory.

H. Taxation
Current Income Tax

Current income tax assets and liabilities are measured at the amount expected to be recovered
from or paid to the taxation authorities. The tax rates and tax laws used to compute the
amount are those that are enacted or substantively enacted, at the reporting date.

Current income tax relating to items recognized outside profit or loss is recognized outside
profit or loss (either in other comprehensive income or in equity). Current tax items are
recognized in correlation to the underlying transaction either in OCI or directly in equity.
Management periodically evaluates positions taken in the tax returns with respect to situations
in which applicable tax regulations are subject to interpretation and establishes provisions
where appropriate.

I. Earnings per share

Basic earnings per share is computed by dividing the profit/(loss) for the year 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 treasury shares, bonus issue, bonus
element in a rights issue to existing shareholders, share split and reverse share split
(consolidation of shares).

Diluted earnings per share is computed by dividing the profit/(loss) for the year as adjusted
for dividend, interest and other charges to expense or income (net of any attributable taxes)
relating to the dilutive potential equity shares, by the weighted average number of equity
shares considered for deriving basic earnings per share and the weighted average number of
equity shares which could have been issued on the conversion of all dilutive potential equity
shares. Potential equity shares are deemed to be dilutive only if their conversion to equity
shares would decrease the net profit per share from continuing ordinary operations. Potential
dilutive equity shares are deemed to be converted as at the beginning of the period, unless
they have been issued at a later date.

J. Advances, Loans, etc.

In the opinion of Board, all Current Assets, Advances, Loans, etc., have a value on realization
in ordinary course of business at least equal to amount at which these are stated.

Statements of Accounts/ Confirmations have been sent by speed-post/ email on quarterly
basis to Parties but from some of the parties, the same are pending receipts and reconciliation.
The adjustments, if any, will be made accordingly.

K. Disclosure requirement under MSMED Act, 2006

The Company has not provided the details regarding the suppliers registered under Micro,
Small and Medium Enterprises Development Act, 2006 (MSMED Act), Therefore, we are
unable to comment on it.

13. The management is of the view that the investment in equity shares of Unlisted companies
amounting Rs. 320.66 lacs has to be written off as the company has been struck off and no
amount can be realised from the same.

14. During the year, the company hasborrowed Car Loan from Bank of India on which Balance o/s is
Rs.107.54 lacsare Long Term borrowings.

15. There are no charges or satisfaction of charge pending to be registered with Registrar of
Companies beyond the statutory period, as applicable.

16. The company has not been declared wilful defaulter by any bank or financial institution or other
lender during the year.

17. The company has complied with the number of layers prescribed u/s 2(87) of the Act read with
Companies (Restriction on number of layers) Rules, 2017.

18. The company does not hold any Benami property and no proceeding have been initiated or
pending against the company in such respect.

19. The company has not entered into any transactions with struck off companies.

20. The company has not traded or invested in Crypto currency or Virtual Currency during the year.

21. The company has made detailed assessment of its liquidity position and of the recoverability and
carrying value of its assets as on the balance sheet date and has concluded that no material
adjustments are required to be made in financial statements.

22. In the opinion of the management all the assets of the company have a value on realization in the
ordinary course of business, at least equal to the amount at which they are stated in the financial
statements.

23. Previous year figures have been regrouped/rearranged wherever necessary.

24. Whenever the balance confirmation is not available from the parties, the balance as appearing in
the books of accounts have been considered.

In terms of our Report attached of even date

For BAS & C_o. LLP For and on behalf of the Board of Directors

Chartered Accountants
FRN: 323347E/E300008

Sd/- Sd/- Sd/-

(CA Ritika Agarwal) (Sanjeev Kumar Jha) (Sulabh Dikshit)

_{Designated Partner} ^{Chairperson Director}

_M. _No. ₅₂₇₇₃₁ DIN-02840583 DIN-07070194

Place: New Delhi
Date: 20.05.2024

UDIN:24527731BKCJPJ767 Sd/- Sd/-

(Rahul) (Monica Asri)

Company Secretary Chief Financial Officer

M.No. A73800 PAN: BOEPS4419G