2018.03.31 Infradigital Technologies Auditors Report

1. tiwari s(, Wlsfrra
CHARTERED ACCOUNTANTS
INDEPENDENT AUDITORS' REPORT
f .-
TO THE MEMBERS OF INFRADIGITAL TECHNOLOGIES PRIVATE LIMTTED
Report on the Financial Statements
We have audited the accompanying financial statements of INFRADIGITAL
TECHNOLOGIES PRIVATE Lll4lTED, which comprise the Balance Sheet as at March 3L,
20L8, and the Statement of Profit and Loss for the year then ended, and a summary of
significant accounting policies and other explanatory information.
Management's Responsibility for the Financial Statements
The Company's Board of Directors is responsible for the matters stated in Section 134(5)
of the Companies Act, 2013 (the Act") with respect to the preparation of these
financial statements that giv'e'a true and fair view of the financial position, financial
performance in accordance with the accounting principles generally accepted in lndia,
including the Accounting Standards specified under Section L33 of the Act, read
with Rule 7 of the Companies (Accounts) Rules, 2014.This responsibility also includes
maintenance of adequate accounting records in accordance with the provisions of the
Act for safeguarding the assgts of the Company and for preventing and detecting frauds
and other irregularities ; selection and application of appropriate accounting policies;
making judgements and estimates that are reasonable and prudent ; and design,
implementation and maintenance of adequate internal financial controls , that were
operating effectively for ensuring the accuracy and completeness of the accounting
records, relevant to the preparation and presentation of the financial statements that
give a true and fair view and*are free from material misstatement, whether due to fraud
or error.
Auditor's Responsibility
Our responsibility is to express an opinion on these standalone financial statements
I
based on our audit.
We have taken into accou* tn. provisions of the Act, the accounting and auditing
standards and matters which are required to be included in the audit report under the
provisions of the Act and the Rules made there under.
We conducted our audit in accordance with the Standards on Auditing specified under
Section 143(10) of the Act" Those Standards require that we comply with ethical
a-.
Head Office : C-121, Kirti Nagar, New Delhi-110015, lndia
Telephone . +91 -1 1 -25923001, 45024381
Mobile : +91 -9Bl 0374801
E-mail : tiwariandmishra@gmail.com
Website : www.tiwariandmishra.in
tr{s!i oerm )f
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2. requirements and plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts
and the disclosures in the financial statements. The procedures selected depend on the
auditor's judgment, including the assessment of the risks of material misstatement of
the financial statements, whether due to fraud or error. ln making those risk
assessments, the auditor considers internal financial control relevant to the Company's
preparation of the financial Statements that give a true and fair view in order to design
audit procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on whether the Company has in place an adequate internal
financial controls system over financial reporting and the operating effectiveness of
such controls. An audit also includes evaluating the appropriateness of the accounting
policies used and the reasonableness of the accounting estimates made by the
Company's Directors, as well as evaluating the overall presentation of the financial
statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our audit opinion on the financial statements.
Opinion
ln our opinion and to the best of our information and according to the explanations
given to us, the financial statements give the information required by the Act in the
manner so required and give a true and fair view in conformity with the accounting
principles generally accepted in lndia:
a) in the case of the Balance Sheet, of the state of affairs of the Company as at
March 31, 2018; '
b) in the case of the statement of Profit and Loss Account, of the profit/ loss for
the year ended on that date; and
Report on Other Lega! & Regulatory Requirements
1. As required by the Companies (Auditor's Report) Order, 2015 ("the Order")
issued by the Central Government of lndia in terms of sub-section (11) of
section 143 of the Act, and on the basis of such checks of the books and
records of the Company as we considered appropriate and according to the
inforrnation and explanations given to us during the course of audit, is not
opplicoble.
As required by Section 143 (3) of the Act, we report that:
We have sought and obtained all the information and explanations which to the
best of our knowledge and belief were necessary for the purposes of our audit.
ln our opinion, proper books of account as required by law have been kept by
the Company so far as it appears from our examination of those books.
(a)
#ef("tt", )?
M9
(b)

3. (c)
(d)
(e)
G)
The Balance Sheet, the Statement of Profit and Loss, dealt with by this Report
are in agreement with the books of account.
ln our opinion, the aforesaid standalone financial statements comply with
the Accounting Staniiards specified under Section 133 of the Act, read with Rule
7 of the Companies (Accounts) Rules,2014.
On the basis of the written representations received from the directors as on
3lttMarch, 2018 taken on record by the Board of Directors, none of the
directors is disqualified as on 31'tMarch, 2018 from being appointed as a
director in terms of Section 764 (2) of the Act.
With respect to ther'other matters to be included in the Auditor's Report in
accordance with Rule lL of the Companies (Audit and Auditors) Rules, 20L4, in
our opinion and to the best of our information and according to the explanations
given to us:
t.
il.
The Company does not have any pending lltigations which would impact
its,financial pdsition.
The Company did not have any long-term contracts including derivative
contracts for which there were any material foreseeable losses.
There were no amounts which were required to be transferred to the
lnvestor Education and Protection Fund by the Company.
iii.
For Tiwari & Mishra
Chartered Accountants
Firm Regn No. - 018
Place: New Delhi
Date: 20108/2OL8
sF
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4. INFRADIGITAL TECHNOLOGIES PW. LTD.
6A14, Juhu Sangeeta Apartments, Juhu Road, Near SNDT Cottege, Mumbai MH _ 400054
Balance Sheet as at 3ist March, 201g
Particulars
Rupees)
Note No.
31st March, 2018 31st March, 2017
1
2 3 4
t.
1
2
3
4l
il.
Fixed assets
(i) Tangible assets
(ii) lntangible assets
(iii) Capitalwork-in-progress
(iv) lntangibte assets under develqpment
Non-cunent investments
Deferred tax assets (net)
Long{erm loans and advances
Other non-current assets
Current investments
lnventories
Trade receivables
Cash and cash equivalents
Shortterm loans and advances
Other current assets
IEQUITY AND LIABILITIES
-
I lshareholders' funds
I tut share capitat
I ,ol Reserves and surptus
I
n, Money received against share warrants
llshare application money pending allotment
i I Non-current liabilities
I f"f Long-term bonowings
| (b) Deferred tax tiabitities (Net)
I lc) Other Long term liabilities
I lOt Long{erm provisions
lCr...nt liabilities
I tuf Short{erm borrowings
I (b) Trade payabtes
I t.t Other cunent tiabitities
I (d) Short{erm provisions
; rorarl
IASSETS I
lNon-current assets I
(a)
lrnl
(c)
(d)
(e)
Current assets
(a)
(b)
(c)
(d)
(e)
(f)
1
2
3
6
4
5
7
8
I
10
1 00,000.00
(1,548,946.881
28,497,536.00
4,820,643.00
1,196,646.00
100,000.00
(459,147.881
14,163,902.79
64,456.00
11,188,447.11
1 ,50'r ,849.00
33,055,878.00 26,559,507.00
341,023.84
35,830.00
32,146,370.00
450,082.00
70,730.00
11,842.00
1,379,606.00
461,578.00
r+,ttt.oo
506,452.54
24,177,759.49
33,055,878.00 26,559,5O7.OO
Significa,nt Accounting policies and Note to The Accounts
The Schedules referred to above form an integral part of the batabce sheet
As per our report of even date attached
For Tiwari & Mishra
Chartered Accountants
For & on behalf of Board of Directors
16
Sagar
Director
DIN-
Ptace:- Mumbai
Date:- 20/08/2018
DIN- 02942810
Ptace:- Mumbai
Date:- 20108/2018
cA.
v6tPartner
Membership
Ptace:- New

5. INFMDIGITAL TECHNOLOGIES PVT. LTD.
6414, Juhu Snageeta Apartments, Juhu Road, Near SNDT Coltege, Mumbai , MH _ 400054
Profit and loss statement for the year ended 31.03.20,1g
Particulars Note
No.
31st March, 2018
(in Rupe
31st AAarch, 2017
t.
il.
ilt.
tv.
V.
vt.
vrr.l
lil
from operations
income
Revenue (l
of trade goods
)e benefits expense
costs
Depreciation and amortization expense
Other expenses
I otal expenses
Profit before exceptional and extraordinary
tax (lll-lV)
items
before extraordinary items and tax (V VI)
lProfit before tax (Vtt- Vtil)
I
lTax expense:
111; current tax
112; Deferred tax
I
lProfit
(Loss) for the period from continuing operations
l{vrr-vrrry
Profit/(toss) from discontinuing operations
Tax expense of discontinuing operations
Profit/(loss) from Discontinuing operations (aftar tax)
(xil-xil)
Profit (Loss) for the period (Xt + XIV)
Earnings per equity share:
(1 ) Basic
(2) Dituted
lt)
items and
Other
11
12
13
14
6
15
6,026,83s.1 6
16,365,517.14
59,538,763.24
42.25
22,392,352.OO
16,449,951.50
173,521.70
312,717.00
6,646,246.86
59,538,805.00
36,854,655.58
65,5n.92
354,850.00
22,646,742.38
23,582,437.00 59,921 ,82s.88
1 ,1 90,085.00 -383 ,020.88
1 ,1 90,085.00 -383,020.88
1,190,085.00
( 1 00,286.00)
-383,020.88
64,456.00
-1,089,799.00 -447,476.88
-1,O89,799.OO -447,476.88
-1 08.98 -44.75
Significant Accounting Policies and Note to The Accounts
The Schedutes referred to above form an integral part of the bal.abce sheet
As per our report of even date attached
For Tiwari & lrtishra For & on behalf of Board of Directors
iffihPartner
Membership
Place:- New
Date:- 20108/
Ptace:- Mr.r{nbai Ptace:- Mumbai
Date:- 20l08/2018 Dare:- 20l08/2018

6. INFRADIGITAL TECHNOLOGIES PVT. LTD.
6414, Juhu Sangeeta Aprtments, Juhu Road, Near SNDT Cottege, Mumbai MH - 400054
NOTE 1
Share Capital
31st March, 2018 31st March, 2017
Amount Amount
Authorised
100@ Equity Shares of 'Rs 10 each
lssued. Subscribed & Paid up
10000 Equity Shares of 'Rs 10 each
(lssued 10000 equity shares of Rs. 10 each )
1 00000
100000
1 0000c
I 0000c
Total 100000 100000
Reconciliation of number of Equity Shares outstanding at the beginning and at end of the year
Particulars 31st March, 2018 31st March, 2017
Number of Shares outstanding as at beginning of the vear
Add:
No. ofshares allotted during the ycar
l.ess:
No. olshares bought back during the I'car
1 0000
tumber of Shares outstanding as at end of the year 0 10000
Rights' Preferences and Restrictions (including restrictions on distribution of dividends and repayment of
) attached to the class of shares
Particu lars
31st March, 2018 3 1 st Ailarch, 20 1 7
The Companl has onc class ofEquity shares having a par
value ofRs. l0/- pcr sharc. Each Shareholdcr is eligible for
one vote per share held. tn the cvent o1'liquidation. the
Equitl'Shareholders are eligible to reccive the rcmaining
assets of thc Cornpanl afler distribution of all pref'ercntial
amounts. in proportion b thcir shareholding.
Class of shares
Equity Shares
Class of shares
Eqtlity Shares
he detail of shareholder holding more than 5% shares as at l{arch, 2018 and March, 2017 is set out below:
Particu lars
31st March, 2018 31st March, 2017
M/S Eroslabs Pte. Ltd., Singapore (99.99o/o)
Karan Singh Bedi (0.01%)
Sagar Surendcr Sadhrvani (0.01%)
10000 10000
ffi,"ft,(1. J-q,
R+a#9
@He
h=.d
1
c

7. Note: During the Financial Year 2017-18 as on 20th lilarch, 20l8 One Equity share of RS 10 each, has been transferred
from Karan Singh Bedi to Sagar Surender Sadhwani.
NOTE.3
31st March, 2018 31st March, 2017
+) Net Profit/(Net Loss) For the current year
+) Transfer from Reserves
(-) Proposed Dividends
(-) lnterim Dividends
(-) Transfer to Regerves
(459,147.88
(1 ,089,799.
(11".671.00
(447,476.88)
(1,548,946.88) (4s9,147.88)
Un@m gorrowllc! 31st March, 2018 3 1 st March, 201 7
lSecured Loans
Unsecured Loans
From Banks
From Others
Eros Labs PTE (Liabitity)
Karan Singh Bedi
Next Generation Films Pvt Ltd
Sagar Sadhwani
15,580,719.05
216,816.46
6,800,000.00
5,900,000.00
1,463,902.79
6,800,000.00
5,900,000.00
28,497,536.00 14,163,902.79
Note-4
Other current liabilities
31st March, 2018 31st Mbrch, 2017
lAccrueo >atanes tt tsenefit
Sataries & Benefits
Other Liabilities
(a) Sundry Creditors
(b) Emptoyees Contribution to pF payabte
(c) Emptoyees Contribution to ESIC payabte
(d) Emptoyers Contribution to pF payabte
(e) Emptoyers Contribution to ESIC payabte
(f) Expenses Payabte
(g) PF Admin Charges Payabte
(h) Satary Payabte
(i) Share Money Payabte
(j) Stipend Payabte
(u) lnnertech Media Solutions pvt Ltd
987,148.00
314,398.00
'18,184.00
314,398.00
49,281.00
343,074.00
23,363.00
2,526,308.00
100,000.00
144,489.00
5488201.11
758,943
20,296
758,943
54,976.00
269,639.00
65,539.00
3,646,365.00
1 00,000.00
25,545_00
4,82O,643.OO 11,188,447.11
6rsi(DMir )?
S.e#9

8. NOTE-5
Short Term Provisions
31st March, 2018 31st March, 2017
lProvision for employees Benefit
I
I
loth"..
l6;u'r'on for tncome Tax
l(u) t-egat Charges payabte
It.) ros Payable ,
l(d)
lnterest on TDS (Late Fiting Fees)
l(e) lnterest on TDS Payabte
(f) TDS on Contractor - Company Deductee
(g) TDS on.Professional Fees
(h) TDS on Professionat Fees - Company Deductee
(i) TDS on Rent
(j) TDS on Satary Payabte
(k) IGST Payabte
(t) CGST Payabte
(m) SGST Payabte
Total
9s,200.00
45,349.00
1,920.00
97,809.00
I 3,1 78.00
78,750.00
454,758.00
1 85,960.52
106,860.95
I 06,860.9s
1,501,849.00
1,186,646.OO 1,501.849.00
NOTE-7
Lonq Term Loans & Advances
31st March, 2018 31st March, 2017
Advances to Staff - Kanan
Eros Television - Advance Given
TDS Receivable
Security Deposit - Others
Security Deposit - Rent
50,000.00
31 ,652,894.00
348,978.05
3,000.00
91,498.00
50,000.00
20,078.00
I 6,500.00
375,000.00
32,146,370.OO 461 ,578.OO
NOTE.8
lrade Receivables 31st March, 2018 31st March, 2017
Sundry Debtors
Googte Asia Pacific - Singapore
Notch Media Private Limited
V Commission Media Private Ltd
Verse lnnovation Pvt Ltd
Total
88,336.00
361,746.00
561.00
33,450.00
450,082.00 34,111.00
NOTE-9
Cash and cash equivalents 31st March, 20'18 3 1 st March, 201 7
a. Balances wlth bank
b. Cheques, drafts on hand
c. Cash on hand*
d. Others (specify nature)
65,248.20
5,481.67
506,149.81
302.67
Total 70,730.00 506,452.54
69:q*'ff"#,,8
S;rr;#
@HqE/^r,,^r-^,?'
b-"ry

9. NOTE-I1
Revenue from
NOTE.12
Other lncome
o
SR No Revenue from Operations 31st March, 2018 31st March, 2017
A
3
4
5
6
1
2
t
2
B
Sale of Services
Receipts for Look at Me
Receipts for Consuttation Fees
Receipts for Heatth Qamp
Receipts for HOG
Receipts for Medicine Detivery
Business Support Services
Receipts from lnvestor
Receipts on Software lmplementation
Eros Lab PTE Ltd (Reimbursement of Expenses)
107,947.77
1,407,123.97
31,499.37
20,246.05
2,314,814.00
2,145,305.O0
:
32,479.97
377,495.66
40,505.00
11.79
52,715,499.05
6,372,773.77
Total 5,026,935.15 59,538,753.24
SR No Particulars 31st March, 2018 31st March, 201 7
!
2
3
4
5
Short / Excess
Sundry Batances Written off
Capitat Gain of Transfer of Fixed Asset
STCG on Slump Sate
Other Receipts
33,532.08
555,802.00
15,614,069.06
762,115.O0
10.00
32.25
Total 16,365,5t7.L4 42.25
NOTE-13
31st March, 201 7
Emptoyers Contribution to ESIC
Employers Labour Welfare Fund
lncentive
Leave Encashment
ntertainment Expenses - Staff
"' 13,741,326.00
1,593,616.00
173,904.00
193.50
242,621.00
354,129.00
132,437.00
116,163.00
16,500.00
79,1,62.00
31,939,916.00
2,593,936.00
54,976.00
123.75
1,117,092.00
56,005.00
352,809.00
368,977.83
232,886.00
&
138,945.00
{9
@%
ff d6n,)?
w#

10. NOTE.14
Finance Cost
SR No Particulars 31st March, 2018 3 1st March, 201 7
L
2
Bank Charges
lnterest Paid to others for unsecured Loans
173,521.70 65,577.92
Tota! L73,52L.70 65,577.92
NOTE.15
Other
Other expenses 31st March, 2018 3 1st March, 20 1 7
7
8
9
10
tI
72
13
1.4
15
15
L7
18
191
Consuttation fees
Exhibition Expenses
ject & Development Charges
Hosting/ Domain Charges
tware Devetopment Charges
Business Promotion Expenses
lnterest on TDS Payments
lnternet Expenses
Legat & Documentation Charges
Legat & Professional Fees
inary Expenses Written off
Travelling Expenses - Overseas
Water & Electricity Charges
Festival Expenses
Fiting Fees
mptoyees Contribution to EPF
terest on Labour Wetfare Fund
600,969.15
1,859,972.05
271,964.00
263,974.20
133,497.90
32,465.00
18,794.56
5,885.00
367,333.00
92,195.O0
350,000.00
270,975.00
76,452.00
5,92L.O0
4,764.00
L,557,500.00
54,739.00
L24,320.O0
77E,644.OO
77,630.00
2L5,704.00
7,900.00
2,845.OO
452.OO
624,078.74
85,556.00
6,937,260.97
14,325.00
8,383,391.00
375,563.00
461,533.74
109,228.64
113,145.37
158,027.00
34,216.39
16,255.20
186,842.00
22,500.OO
8,050.00
543,385.00
7,270.00
623,470.0O
25,210.00
153,905.00
174,443.OO
5,921.OO
50,597.00
2,293,750.00
2!8,266.00
303,420.00
267,585.OO
69,422.00
LO,920.33
367,421.00
35,445.00
1,339.00

11. SR No Audit fees 31st March, 2018 31st March, 2017
1
2
3
4
5
6
Payments to the auditor as
a. auditor,
b. for taxation matters,
c. for company law matters,
d. for management services,
e. for other services,
f. for reimbursement of expenses;
25,000.00 25,000.00
Total 25,000.00 25,000.00

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15. INFRADIGITAL TECHNOLOGIES PVT. LTD.
6414, Juhu sangeeta Apartments, Juhu Road, Near sNDT college,
Mumbai, MH-400054
NOTE'16'
SIGNIFICANT ACCOI.]NTING POTICIES AND NOTES TO ACCOUNTS FORMING PART OF
ACCOLINTS FORTI{E YEARENDED 31st MARCH 2018
A. Background
INFRADIGmAL TECHNOLOGIES PRMTE LIMfIED (the company) was incorporated
on 10th August, 2015. The company was incorporated principally to advise, provide
consultancy services, develop and implement products for customers on all matters
regarding implementation of computer software and hardware systems,
management of data processing and information systems and data communication
systems whether in India/abroad.
The company has not earned any profit for the year ended 31st March,20lg.
As on 21't August 2017, the Business has been Slump Sale to Innertech Media
Solutions Private Limited and Infradigita! Techaologies Pvt. Ltd. Is on Shut Down
Procedure.
During the Financial Year 2017-lB as on 20.h March 201g, one Director - Karan
Singh Bedi of the Company has resigned and Mr. Anand Shankar Kamtam has been
appointed as a New Director in the Company.
Karaa Singh Bedi held one share in the company of RS 10 which has been
transferred by him to Sagar surender sadhwani as on 20th March 201g.

16. B. Significant Accounting Policies
a. Basis of accounting
The financial statements have been prepared irr accordance with the generally
accepted accounting principles in India and to comply with the applicable
Accounting Standards prescribed in the Companies (Accounting standards)
Rules, 2006 issued by the Central Government in exercise of the powers
conferred uader section 469 of the Companies Act, 2ol} and relevant
presentational requirements and are based on historical cost convention. In
preparing these financial statements, accrual basis of accounting has been
followed, unless otherwise stated.
c. Revenue recognition
The Company recognizes income on accrual basis. However, where the ultimate
collection of the same lacks reasonable certainty, revenue is postponed to the
extent of uacertainty.
d. Foreigncurencytransactions
Foreign crurency transactions are recorded by applymg the exchange rate
prevalent on the date oftransaction.
Monetary items denominated in foreign currencies at the year-end are
translated at the exchange rates prevailing on the date of Balance Sheet.
Any income or expense on accolmt of exchange difference either on settlement
or on translation of transactions is recognised in the Profit & Loss Account.
e. Taxation
Provision for current tax is made after taking into consideration benefits admissible
under the provisions of Income Tax Act, 1961. Deferred-tax resulting from timing
differences between taxable income and accounting income'is accounted for using the
tax rates and laws that are enacted or substantively enacted as on the balance sheet date.
The deferred tax asset is recognized and carried forward only to the extent that there is
virtual certainry that the asset will be realized in future
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17. f. Earning Per Share
Basic earnings/(Ioss) per share is calculated by dividing the net profiV(loss) for
the year attributable to equity shareholders by the weighted average number of
equity shares outstanding during the year.
g. Investment i
Current investments are carried at the lower of cost or quoted/fair value. Long
term investments are stated at cost. Provision for diminution in the value of
long-term investments is made only if such a decline is other than temporary.
h. Retirement benefits
Leave Encashment benefits payable to employees are accounted for on the
accrual basis.
i. Borrovring Costs
Borrowing costs that are attributable to the acquisition or construction of
qualifying assets are capitalised as pa$ of the cost of such assets. A qualifying
asset is one that necessarily takes a substantial period of time to get ready for its
intended use. AII other borrowing costs are charged to revenue.
j. Leases
Leases where the lessor effectively retains subst'antially all the risk and benefits
of ownership of the leased term are classified as operating leases. Operating lease
payments are recognized as an expense in the profit and loss account on a
straight line basis over the lease term. . r
k. Provisions, C.ontingent Liabilities and Contingent Assets
Provisions are recognised in respect of obligatior, *h"i", based on the evidence
available, their existence at the balance sheet date is considered probable.
Contingent liabilities are disclosed by way of notes to accounts in respect of
obligations where, based on the evidence available their existence at the balance
sheet date is considered not probable. Contingent assets are not recognised in
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the accounts.

18. c.
C. Notes To Accounts
The company is a Small and Medium sized company (sMC) as defined, in the
General Instructions in respect of Accounting Standards notified under the'
companies Act, 2013. Accordingly, the company has complied with the
Accounting standards as applicable to a Small and Medium sized company.
Contingent Liabilities
Estimated amount of contracts remaining to be executed on capital account is ML.
Provisions of the payment of Gratuity Act, the Provident Fund Act and Employee's
State Insurance Act etc. are applicable to the company during the current financial
year.
The Company has made the Provisions and Payment of Provident Fund and ESIC at
Regular Intervals.
The company is availing exemption for disclosure requirements as specified in AS
15 and actuarial valuation of retirement benefits. Leave Encashment benefits
payable to employees are accounted for onthe accrual basis.
Accounting Standard -17 relating to "segment reporting" is not applicable as the
company has only one reportable segment.
The Government of India has promulgated an Ac[ namely The Micro, Sma]I and
Medium Enterprises Development Act, 2006 which came into force with effect
from October 2, 2006.As per the Act, the Company is required to identify the Micro
and Small suppliers and pay interest to them on overdue beyond the specified
period irrespective of the terms agreed with the 's'trppliers. As per the information
available with the company, there are no creditors falling under the said category.
Therefore, the prescribed disclosures for liability of interest on overdue payments
have not been given.
d.
b.

19. 1.
2.
g. Related Party Transactions:
Details of contracts or arranBements or transactions not at arm's length basis: Nil'.
Related Pa
sL. NO. Name of Related Party Relation
1. Sagar isurender
Sadhwani
Director
2. Karan Singh Bedi Previous Director
3. Anand Shankar
Kamtam
New Director
4. House of God Enterprise being controlled by the Key Management
5. Eros Labs PTE
Singapore
Holding Company of lnfradigital Technologies private
Limited
3. Details of material contracts or arrangement or transactions at arm's length basis:
(Rs. ln Lacs
Transactions made during the
year
Name(s) of the related
party
Balance as on
31st March'2018
1. Balances Outstanding at the
end of the year - Payables
Sagar Surender Sadhwani 59.00
2. Balances Outstanding at the
end of the year - Payables
Karan Singh Bedi 2.L7
3. Balances Outstanding at the
end of the year - Payables
Eros Labs PTE Singapole 155.81_

20. Particulars
Year Ended
31.3.2018
Year Ended
31.3.20t7
(i) Net Profit/(Loss) attributable to equity
shareholders
(10,99,799) (447,477)
(ii) Weighted average number of equity
shares used i as denominator for
calculating EPS
10000 10000
(iii) Basic Earnings per share of Rs.10 each (108.e7) (44.75)
h. Earnings Per Share (EPS):
(Amount in Rs.)
h. DebiVCredit balances included in Sundry Debtors, Loans and Advances, Current
liabilities are pending confirmation and consequential reconciliation. Adjustments
in this respect, in the opinion of the management are not likely to be material and
would be carried out as and when ascertained.
i. In the opinion of the board, currents assets, loans and advances have a value on
realisali6l in the ordinary course of business at equal to the amount at which they
are stated.
t. In accordance with the Accounting Standard-22 " Accounting for Taxes on Income"
issued by the Institute Of Chartered Ac&untants of India, the company has certain
amounts eligible to create Deferred Tax assets (DTA).
During the year, there is a Deferred Tax Assets created in the books due to the
timing differences in Fixed Assets.
k Foreign Currency Transactions During the Year:
Foreign Currency received during the year for the Reimbursement of Expenses was
21,45,3051- (I].IR). .:.
l. The Company has been registered under GST. During the Financial Year 2Ol7-18,
the GST Return filing for the company is yet to be complied with.
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21. m. Schedules 1 to 15 form integral part of accounts
For Tiwari & Mishra
Chartered Accountants
Firm Regn.No.: 01
CA. K. Tiwari
Partner
Membe. No.501419
Place: New Delhi
Date: 20d August, 2018
d
Sagar S' :irderadhwani
Direct Director
DIN- 02942810DIN- 03 '59502
Place: Mumbai Place: Mumbai
Date:2Oth August, 2018 Dare: 20m Augusr, 201g
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