1.17. Provisions and contingent liahilities

The company recognizes a provision when there is a present obligation as a result of a past event that probably requires an
outflow of resources and a reliable estimate can be made of the amount of the obligation. A disclosure for a contingent
liability is made when there is a present obligation that cannot be estimated reliably or a possible or present obligation that
may, but probably will not, require and outflow of resources. Where there is a possible obligation or a present obligation that
the likelihood of outflow of resources is remote, no provision or disclosure is made.

1.18. Use Of Estimates

The preparation of financial statements in conformity with Indian GAAP requires the management to make judgments,
estimates and assumptions that affect the reported amounts of revenues, expenses, assets and liabilities and the disclosure of
contingent liabilities, at the end of the reporting period. Although these estimates are based on the management’s best
knowledge of current events and actions, uncertainty about these assumptions and estimates could result in the outcomes
requiring a material adjustment to the canying amounts of assets or liabilities m future periods.

1.19. Transitional Notes / Entries :

a. Use of Erstwile GST No. of Partnership Firm for Operational Purpose

For operational purpose and for sake of going concern GST No. of erstwile partnership Firm has been used in all GST
related transactions.

Company got GST Registration in its name on 29-05-2024.

Pursuant to the approval of the shareholders, the company has made an Initial Public Offer (TPO) of 46,80,000 Equity Shares each of Rs. 80/-
having face value of Rs. 10/- per share and share premium of Rs. 70/- per share aggregating to Rs. 3,744 Lakhs. The allotment for the said IPO
was made on 22th Aug, 2024 ranking pari pasu with the existing shares, ihe shares of the company were listed on NSL Emerge (SML Platform of
National Stock Exchange of India Limited (NSE)) on 26th Aug, 2024.

(b) Terms / Rights, attached to equity shares

The Company has only one class of equity shares having a par value of Rs.10 per share. Each holder of equity shares is entitled to one vote per
share held. The dividend if proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General
Meeting. In the event of liquidation of the Company, the holding of equity shares will be entitled to receive the remaining assets of the company
after distribution of all preferential amounts in proportion to the number of equity shares held by the shareholders.

49 Previous Year figures are re-grouped and re-arranged wherever necessary

50 During the year, the Company made an Initial Public Offer (IPO) of 46,80,000 equity shares of ? 10 each at a price of?
77 to ? 80 per share (including a premium of? 70 per share). The issue opened on 19.08.2024 and closed on 21.08.2024.
Total Proceeds from Fresh issue of Share Rs.37.44 Cr (based on upper price band).The shares were allotted on
22.08.2024 and listed on [NSE/BSE] on 26.08.2024.As at the year ended 31.03.2025 an amount of Rs. 3,443.35 lacs have
been utilised toward the object of the issue as stated in the prospectus daled:22.08.2025. The unutilised amount of ?65.65
lakhs has been kept in separate bank account / invested as permitted under SEBI (PCDR) Regulations.

50 Figures have been rounded off to nearest Lakhs

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

Forcas Studio Limited

For Agarwal Klictan & Co. (Formerly known as Forcas Studio P Ltd)

Chartered Accountants
FRN NO-330054E

FCA Ritesh Agarwal Sailcsh Agarwal Sourav Aagarwa!

Partner Managing Director Whole-Time Director

Membership No:311866 DIN:0285<i973 DIN:06462775

UDIN: 25311866BMTJZN8619
Place: Kolkata

Dated :The 27th Day of May 2025 Sangita Kumari Agarwal

Company Secretary