Accounting Policies of Madhya Pradesh Today Media Ltd. Company

Mar 31, 2025

a Accounting Convention:

The financial statements are prepared on the basis of going concern, under historical cost
convention on an accrual basis and in accordance with the requirement of the Companies Act,
2013 and comply with the Accounting Standards issued by the Institute of Chartered Accountants
of India to the extent applicable.

b Use of Estimates:

The preparation of financial statements, in conformity with the generally Accepted Accounting
principles, requires management to make estimates and assumptions that are considered in the
reported amounts of assets and liabilities and disclosures of contingent liabilities on the date of
financial statements and reported amounts of revenues and expenses for the year. Estimates are
based on historical experience, where applicable and other assumptions that management
believes are reasonable under the circumstances. Actual results could vary from these estimates
and any such differences are dealt with in the period in which the results are known / materialize.

2 Accounting Standards:
a Investments

Long term Investments are stated at cost.
b Inventories

Inventories are valued at lower of cost (Excluding Excise duty/GST) or Net realizable value.
c Property, Plant and equipment

Fixed assets are stated at cost less accumulated depreciation and impairment, if any. Direct costs
are capitalized until such assets are put to use. Tangible Fixed Assets, that are not yet ready for
their intended use are carried at costs, comprising direct cost and other incidental/attributable
expenses and reflected under capital work in progress.

Depreciation on fixed assets is provided on the SLM method in the manner prescribed under
Schedule II to the Companies Act, 2013.

d Revenue recognition

Sales through circulation of Newspapers & Magazines and Advertisement Income are recognized
on accrual basis. Interest income is accounted on accrual basis.

e Accounting policies, changes in Accounting estimates and errors

There is no change in accounting policies. As regards prior period item, those have been
earmarked.

f Accounting for effects of change in Foreign Exchange

Transactions in foreign currency are recorded at exchange rates prevailing on the date of the
transaction. Assets and Liabilities related to foreign currency transactions, remaining unsettled at
the year end, are stated at the contracted rates, when covered under forward exchange contracts
and at year end rates in other cases. The premium payable on forward foreign exchange contracts
is amortized over the period of contract. Exchange gains /losses are to be recognized in the profit
and loss account. There is no foreign currency transaction during the year.

g Foreign currency transactions:

No foreign currency transaction is made during the year.

h Related parties disclosure

The related parties, as defined by Accounting Standard 24 ‘Related party disclosure’ issued by
The Institute of Chartered Accountants of India are as follows:

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Mar 31, 2024

1. Accounting Policies:

a. Accounting Convention:

The financial statements are prepared on the basis of going concern, under historical cost convention on an accrual basis and in accordance with the requirement of the Companies Act, 2013 and comply with the Accounting Standards issued by the Institute of Chartered Accountants of India to the extent applicable.

b. Use of Estimates:

The preparation of financial statements, in conformity with the generally Accepted Accounting principles, requires management to make estimates and assumptions that are considered in the reported amounts of assets and liabilities and disclosures of contingent liabilities on the date of financial statements and reported amounts of revenues and expenses for the year. Estimates are based on historical experience, where applicable and other assumptions that management believes are reasonable under the circumstances. Actual results could vary from these estimates and any such differences are dealt with in the period in which the results are known / materialize.

2. Accounting Standards:

a. Investments

Long term Investments are stated at cost.

b. Inventories

Inventories are valued at lower of cost (Excluding Excise duty/GST) or Net realizable value.

c. Property, Plant and equipment

Fixed assets are stated at cost less accumulated depreciation and impairment, if any. Direct costs are capitalized until such assets are put to use. Tangible Fixed Assets, that are not yet ready for their intended use are carried at costs, comprising direct cost and other incidental/attributable expenses and reflected under capital work in progress.

Deprecation on fixed assets is provided on the SLM method in the manner prescribed under Schedule II to the Companies Act, 2013.

d. Revenue recognition

Sales through circulation of Newspapers & Magazines and Advertisement Income are recognized on accrual basis. Interest income is accounted on accrual basis.

e. Accounting policies, changes in accounting estimates and errors.

There is no change in accounting policies. As regards prior period item, those have been earmarked.

f. Accounting for effects of change in Foreign Exchange

Transactions in foreign currency are recorded at exchange rates prevailing on the date of the transaction. Assets and Liabilities related to foreign currency transactions, remaining unsettled at the year end, are stated at the contracted rates, when covered under forward exchange contracts and at year end rates in other cases. The premium payable on forward foreign exchange contracts is amortized over the period of contract. Exchange gains /losses are to be recognized in the profit and loss account. There is no foreign currency transaction during the year.

g. Foreign Currency Transactions:

No foreign currency transaction is made during the year.