Cinevista Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Mar 2023

Notes:
1. The above is an extract of the detailed format of Standalone unaudited Financial Results that will be filed with the Stock Exchanges under regulations of 33 of SEBI(Listing and Disclosure Requirements Regulations, 2015) The detailed Financial Results and this extracts were reviewed by the audit committee and approved at the meeting of Board of Directors of the Company held on 30-05-2023. The full format of the statement of Standalone and Consolidated Results will be available on the Company's website (www.cinevistaas.com), and on the website of National Stock Exchange of India (www.nseindia.com) & BSE Limited (www.bseindia.com)
2. The statement has been prepared in accordance with the Companies (Indian Accounting Standard) Rules, 2015 (Ind AS) prescribed under section 133 of the Company's Act, 2013 and other recognised accounting practices and policies to the extent applicable.
3. Since there is only one primary reporting segment, the disclosure requirement of Accounting Standard AS-17 on segment reporting is not provided.
4. Previous year's figures have been regrouped/reclassifed wherever necessary.
5. Due to huge fire and subsequent outbreak of Covid-19 has affected business operations of the company. However the company is trying to restructure its business post covid-19 challenges and crippled production facilities at Kanjurmarg. The Company is in process of finalisation with various O.T.T. platforms for making production of serials and films. The Company is expecting to become normal in its operations by the 4th quarter of F.Y. 2022-23.
6. There is no revenue from Core business of the Company in this quarter. The Company is expecting to commence revenue from core business from the end of the fourth quarter post restructuring the business.
7. The loss in the period is mainly due to interest cost. Post restructuring of business management of the company is confident that the company will able to repay its entire loan from financial institutions and due to that profitability of the company will improve substantially.
Notes:
1. The above is an extract of the detailed format of Standalone unaudited Financial Results that will be filed with the Stock Exchanges under regulations of 33 of SEBI(Listing and Disclosure Requirements Regulations, 2015) The detailed Financial Results and this extracts were reviewed by the audit committee and approved at the meeting of Board of Directors of the Company held on 30-05-2023. The full format of the statement of Standalone and Consolidated Results will be available on the Company's website (www.cinevistaas.com), and on the website of National Stock Exchange of India (www.nseindia.com) & BSE Limited (www.bseindia.com)
2. The statement has been prepared in accordance with the Companies (Indian Accounting Standard) Rules, 2015 (Ind AS) prescribed under section 133 of the Company's Act, 2013 and other recognised accounting practices and policies to the extent applicable.
3. Since there is only one primary reporting segment, the disclosure requirement of Accounting Standard AS-17 on segment reporting is not provided.
4. Previous year's figures have been regrouped/reclassifed wherever necessary.
5. Due to huge fire and subsequent outbreak of Covid-19 has affected business operations of the company. However the company is trying to restructure its business post covid-19 challenges and crippled production facilities at Kanjurmarg. The Company is in process of finalisation with various O.T.T. platforms for making production of serials and films.
6. There is no revenue from Core business of the Company in this quarter. The Company is expecting to commence revenue from core business from the end of the fourth quarter post restructuring the business.
7. The loss in the period is mainly due to interest cost. Post restructuring of business management of the company is confident that the company will able to repay its entire loan from financial institutions and due to that profitability of the company will improve substantially.