Integrated Filing — IndAS

General information about company
Scrip Code	533287
NSE Symbol	ZEELEARN
MSEI Symbol	NOTLISTED
ISIN	INE565L01011
Name of company	Zee Learn Limited
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	15-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	09-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	Educational Services
Start date and time of board meeting	15-May-2025   17:45:00
End date and time of board meeting	15-May-2025   22:10:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Statement on impact of audit qualification
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	No
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2024-02-14
Indicate Company website link for updated RPT policy of the Company	true
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	Yes

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	1281974000	2738404000
	Other income	23878000	119197000
	Total income	1305852000	2857601000
2	Expenses
(a)	Cost of materials consumed	0	0
(b)	Purchases of stock-in-trade	319010000	663640000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-27025000	12008000
(d)	Employee benefit expense	147495000	519502000
(e)	Finance costs	57949000	224106000
(f)	Depreciation, depletion and amortisation expense	27754000	50393000
(f)	Other Expenses
1	Selling and marketing expenses	95728000	247052000
2	Other Expenses	133074000	395396000
	Total other expenses	228802000	642448000
	Total expenses	753985000	2112097000
3	Total profit before exceptional items and tax	551867000	745504000
4	Exceptional items	0	0
5	Total profit before tax	551867000	745504000
6	Tax expense
7	Current tax	148014000	212330000
8	Deferred tax	4141000	-8682000
9	Total tax expenses	152155000	203648000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	399712000	541856000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	399712000	541856000
17	Other comprehensive income net of taxes	3835000	209000
18	Total Comprehensive Income for the period	403547000	542065000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	327062000	327062000
	Face value of equity share capital	1	1
27	Details of debt securities
22	Reserves excluding revaluation reserve		1301299000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	1.22	1.66
	Diluted earnings (loss) per share from continuing operations	1.22	1.65
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	1.22	1.66
	Diluted earnings (loss) per share from continuing and discontinued operations	1.22	1.65
24	Debt equity ratio	0	0
25	Debt service coverage ratio	0	0
26	Interest service coverage ratio	0	0
27	Disclosure of notes on financial results

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	32520000
	Capital work-in-progress	0
	Investment property	585000
	Goodwill	0
	Other intangible assets	33429000
	Intangible assets under development	4337000
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	3449330000
	Trade receivables, non-current	0
	Loans, non-current	122529000
	Other non-current financial assets	6541000
	Total non-current financial assets	3578400000
	Deferred tax assets (net)	91310000
	Other non-current assets	251682000
	Total non-current assets	3992263000
2	Current assets
	Inventories	260468000
	Current financial asset
	Current investments	0
	Trade receivables, current	188798000
	Cash and cash equivalents	219828000
	Bank balance other than cash and cash equivalents	36785000
	Loans, current	0
	Other current financial assets	6952222000
	Total current financial assets	7397633000
	Current tax assets (net)	0
	Other current assets	61952000
	Total current assets	7720053000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	11712316000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	327062000
	Other equity	1301299000
	Total equity attributable to owners of parent	1628361000
	Non controlling interest
	Total equity	1628361000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	1233220000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	205697000
	Total non-current financial liabilities	1438917000
	Provisions, non-current	33927000
	Deferred tax liabilities (net)	0
	Deferred government grants, Non-current	0
	Other non-current liabilities	399211000
	Total non-current liabilities	1872055000
	Current liabilities
	Current financial liabilities
	Borrowings, current	730223000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	70466000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	51169000
	Total Trade payable	121635000
	Other current financial liabilities	6639379000
	Total current financial liabilities	7491237000
	Other current liabilities	711969000
	Provisions, current	8694000
	Current tax liabilities (Net)	0
	Deferred government grants, Current	0
	Total current liabilities	8211900000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	10083955000
	Total equity and liabilites	11712316000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Items that will not be reclassified to profit and loss	3835000	209000
	Total Amount of items that will not be reclassified to profit and loss	3835000	209000
2	Income tax relating to items that will not be reclassified to profit or loss	0	0
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	3835000	209000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			745504000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			224106000
	Adjustments for decrease (increase) in inventories			12008000
	Adjustments for decrease (increase) in trade receivables, current			-105522000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			0
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			174487000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			50393000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			20982000
	Adjustments for share-based payments			3182000
	Adjustments for fair value losses (gains)			17417000
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			-11934000
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			343155000
	Net cash flows from (used in) operations			1088659000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			259478000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			829181000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			50000000
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			0
	Purchase of property, plant and equipment			113585000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			52193000
	Cash receipts from repayment of advances and loans made to other parties			4500000
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			2701000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-4230000
	Net cash flows from (used in) investing activities	-212807000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			3769000
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			137873000
	Payments of lease liabilities			36614000
	Dividends paid			0
	Interest paid			23512000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			-370000000
	Net cash flows from (used in) financing activities			-564230000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			52144000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			52144000
	Cash and cash equivalents cash flow statement at beginning of period			167684000
	Cash and cash equivalents cash flow statement at end of period			219828000

Audit qualification
Sr.	Details of Audit Qualification	Type of Audit Qualification	Frequency of qualification	For Audit Qualification(s) where the impact is quantified by the auditor	For Audit Qualification(s) where the impact is not quantified by the auditor
				Management's Views	(i) Management's estimation on the impact of audit qualification	(ii) If management is unable to estimate the impact, reasons for the same	Auditors' Comments on (i) or (ii) above
1	Textual Information(1)	Qualified opinion	Repetitive	Textual Information(2)	Textual Information(3)	Textual Information(4)	Textual Information(5)
2	Textual Information(6)	Qualified opinion	Repetitive	Textual Information(7)	Textual Information(8)	Textual Information(9)	Textual Information(10)
3	Textual Information(11)	Qualified opinion	Repetitive	Textual Information(12)	Textual Information(13)	Textual Information(14)	Textual Information(15)

Text Block
Textual Information(1)	As stated in Note 5 to the Statement Yes Bank Limited YBL had invoked the Corporate Guarantee issued by the Company and its subsidiary i.e. Digital Ventures Private Limited DVPL upon non repayment of credit facilities during COVID 19 pandemic availed by Four Trusts entity and called upon the Company and DVPL to make payment of an amount of Rs. 44962.56 lakhs including interest and other charges upto 31 July 2021 . As further stated in the said note the Company and DVPL had received notices from YBL regarding filing of petitions under Section 7 of the Insolvency and Bankruptcy Code 2016 IBC to initiate Corporate Insolvency Resolution Process CIRP of the Company and DVPL as corporate guarantors before the Honble National Company Law Tribunal NCLT Mumbai. Also as stated in the said note YBL vide its letters dated 30 December 2022 had informed the Company and DVPL that it had assigned and transferred the above credit facilities to J.C. Flowers Asset Reconstructions Private Limited J.C.Flowers and the amount outstanding therein as at 30 November 2022 was Rs. 52254.63 lakhs including interest and penal charges . As further explained in the said note on 10 February 2023 the Honble NCLT Mumbai admitted the application filed by YBL against the Company and ordered the commencement of the CIRP under the IBC. However an appeal was filed before the Honble National Company Law Appellate Tribunal NCLAT by the Company and the Honble NCLAT vide its order dated 16 February 2023 set aside the impugned order dated 10 February 2023 passed by the Honble NCLT and disposed off the appeal in accordance with law. As further explained in the said note subsequently J.C. Flowers filed Special Leave Petition SLP in the Honble Supreme Court for setting aside of the final order dated 16 February 2023 passed by the Honble NCLAT. On 29 March 2023 the Honble Supreme Court allowed the SLP and stayed the further proceedings of the Honble NCLT and the matter is currently pending for hearing before the Honble Supreme Court. However in respect of petition filed by J.C. Flowers under Section 7 of the IBC to initiate CIRP proceedings against DVPL the same was dismissed as withdrawn by the Honble NCLT. As further stated in the said note on 7 August 2023 the Company DVPL along with four trusts entity entered into settlement agreement with J.C. Flowers to settle the above corporate guarantee obligation with respect to loans borrowed by the said four trusts entity. As per the terms of the settlement agreement Company DVPL along with four trusts entity had agreed to settle the above Corporate Guarantee obligation for Rs. 28500 lakhs to be paid jointly and severally by Company DVPL along with four trusts entity pursuant to which the Corporate Guarantee obligation and other securities created by Company and DVPL will be released by J.C. Flowers on receipt of the said settlement amount. The said settlement agreement became effective during the quarter ended 31 March 2024 and accordingly during the quarter ended 31 March 2024 the Company had provided Rs. 28 573.12 lakhs including interest net of Rs. 400 lakhs paid by said trusts entity towards Corporate Guarantee obligation as per the said settlement agreement and the same was shown as recoverable from four trusts entity as at 31 March 2024 under other current financial assets . The timelines for payment of the said settlement amount had time to time been extended by J.C. Flowers alongwith payment of applicable interest till 30 May 2024 and the Company DVPL along with four trusts entity further requested J.C. Flowers for extension of time till 30 June 2024 and 15 August 2024 for which confirmation from J.C. Flowers was awaited. However the Company received letter dated 11 October 2024 from J.C. Flowers intimating termination of the said settlement agreement and further informing that all terms set out in the Financing document shall continue in full force and effect and all amounts paid under settlement agreement shall be adjusted towards repayment of the outstanding credit facilities of four trusts entity as if the settlement agreement had never been executed. Further J.C. Flowers and Assets Care & Reconstruction Enterprise Limited ACRE vide their respective communications dated 31 October 2024 informed the Company that such outstanding credit facilities of four trusts entity of Rs. 62481.28 lakhs as on 11 October 2024 have been assigned and transferred by J.C. Flowers to ACRE. In view of above during the quarter half year ended 30 September 2024 the Company had provided further liability of Rs. 36712.34 lakhs in addition to liability already provided till 30 June 2024 of Rs. 25 768.94 lakhs and the corresponding amount was recoverable from four trusts entity and the total amount recoverable from four trusts entity was Rs. 66303.83 lakhs including amount recoverable of Rs. 29591.49 lakhs as at 30 June 2024 as at 30 September 2024. Further vide Supplemental Facilities Agreement dated 15 November 2024 the Company DVPL along with four trusts entity and other entities forming part of the promoter and promoter group have agreed upon certain additional conditions with ACRE in respect of the outstanding credit facilities availed by four trusts entity the outstanding amount including interest of which is Rs. 63436.19 lakhs net of Rs. 2550 lakhs paid during the year by the Company and four trusts entity as at 31 March 2025 and the total amount recoverable including interest from four trusts entity is Rs. 69 458.74 lakhs including amounts paid by the Company till 31 March 2025 as at 31 March 2025 and the same is disclosed under other current financial assets . In furtherance to the said Supplemental Facilities Agreement a few entities forming part of the promoter and promoter group have also created and extended security on their assets in addition to their security arrangement for their existing indebtedness with ACRE and existing security provided by the Company DVPL along with four trusts entity to the satisfaction of ACRE for abovementioned outstanding credit facilities. Pursuant to the execution of the said Supplemental Facilities Agreement the management strongly believes that the above outstanding credit facilities of four trusts entity will be paid to ACRE through various steps including monetization of assets of DVPL along with four trusts entity and other security providers. In view of above management is of the opinion that the amount of Rs. 69458.74 lakhs receivable from four trusts entity as at 31 March 2025 is good and recoverable.
Textual Information(2)	N.A
Textual Information(3)	Pursuant to the execution of the said Supplemental Facilities Agreement the management strongly believes that the above outstanding credit facilities of four trusts entity will be paid to ACRE through various steps including monetization of assets of DVPL along with four trusts entity and other security providers. In view of the above management is of the opinion that amount of Rs. 69458.74 lakhs receivable from four trusts entity as at 31 March 2025 is good and recoverable. n n
Textual Information(4)	N.A
Textual Information(5)	N.A
Textual Information(6)	As stated in Note 3 of the Statement the Company has investments in its wholly owned subsidiary viz Digital Ventures Private Limited DVPL in the form of Equity shares, Convertible Debentures and Preference shares including redemption premium of Rs. 45078.10 lakhs loan and receivables of Rs. 11377.05 lakhs aggregating to Rs. 56455.15 lakhs as at 31 March 2025. As further stated in the said note considering ongoing proceedings against DVPL w.r.t Corporate Insolvency Resolution Process CIRP under Section 7 of the Insolvency and Bankruptcy Code 2016 IBC before the Honble National Company Law Tribunal NCLT Mumbai the Company out of abundant caution and prudent accounting practices had provided Rs. 21927.05 lakhs towards impairment of its loan and investments including redemption premium in DVPL till 31 March 2024. Further on 19 November 2024 the Honble NCLT Mumbai admitted the application filed by Axis Bank Limited against DVPL and ordered the commencement of CIRP of DVPL and appointed an Interim Resolution Professional IRP However, an appeal was filed before the Honble National Company Law Appellate Tribunal NCLAT by DVPL and the Honble NCLAT vide its order dated 02 December 2024 directed that no further steps shall be taken by the IRP in pursuance of the impugned order dated 19 November 2024 passed by the Honble NCLT. As further stated in the said note the Company has provided Rs.140 lakhs towards impairment of its investment for the year ended 31 March 2025 and the management believes that no additional provisionimpairment is required to be made as on 31 March 2025 and accordingly considers the net outstanding amount of Rs. 34388.10 lakhs as at 31 March 2025 as good and recoverable. n n
Textual Information(7)	N.A
Textual Information(8)	During the quarter ended 31 March 2025 Axis Bank Limited entered into an assignment agreement dated 28 March 2025 with Assets Care and Reconstruction Enterprise Limited ACRE assigning the total credit facility of Rs. 13008 Lakhs including interest outstanding as at 20 March 2025 Rs. 13021.19 lakhs as at 31 March 2025 in respect of financial facility granted by Axis Bank Limited to the Corporate Debtor from time to time along with all rights benefit and obligations thereunder to ACRE. Pursuant to the Supplemental Facilities Agreement entered by the Company DVPL along with four trusts entity with ACRE the management of the Holding Company strongly believes that the above outstanding credit facility of DVPL will be paid to ACRE through various steps including monetization of assets of DVPL. Further, during the year ended 31 March 2025, the Group has recognized differential interest amounting to Rs. 1596.65 lakhs pursuant to the outstanding balance under the Assignment agreement and the same has been presented as an Exceptional item in the consolidated financial results for quarter and year ended 31 March 2025. n n
Textual Information(9)	N.A
Textual Information(10)	N.A
Textual Information(11)	As stated in the Note 6 to the Statement during the financial year 2021 2022 one of the subsidiaries viz. Digital Ventures Private Limited DVPL had defaulted in repayment of loans availed from two Lenders. In this regard one of the Lenders i.e. Axis Bank Limited vide its notice dated 14 February 2022 issued to the Company had invoked the Corporate Guarantee issued by the Company on behalf of DVPL and called upon the Company to make payment of an amount of Rs. 9162 lakhs outstanding as at 30 June 2021 with further interest w.e.f. 01 July 2021 as per the terms of the sanction letters. As further stated in the said note during the financial year 2022 2023 the Company had also received notice from the other Lender invoking the Corporate Guarantee issued by the Company on behalf of DVPL and called upon the Company to make payment of an amount of Rs. 2299.59 lakhs outstanding as at 30 June 2021. As further stated in the said note during the previous year the Company as corporate guarantor and DVPL as corporate debtor had received notices dated 21 December 2023 and 28 November 2023 respectively from Axis Bank Limited regarding filing of petitions under Section 7 of the Insolvency and Bankruptcy Code 2016 IBC to initiate Corporate Insolvency Resolution Process CIRP of the Company and DVPL before the Honble National Company Law Tribunal NCLT Mumbai which was pending for admission. Further on 19 November 2024 the Honble NCLT Mumbai admitted the application filed by Axis Bank Limited against DVPL and ordered the commencement of CIRP of DVPL and appointed an Interim Resolution Professional IRP . However an appeal was filed before the Honble National Company Law Appellate Tribunal NCLAT by DVPL and the Honble NCLAT vide its order dated 02 December 2024 directed that no further steps shall be taken by the IRP in pursuance of impugned order dated 19 November 2024 passed by the Honble NCLT and that agreed cut back arrangement of 20% to continue with Axis Bank Limited. Further during the quarter ended 31 March 2025 Axis Bank Limited entered into an assignment agreement dated 28 March 2025 with Assets Care & Reconstruction Enterprise Limited ACRE assigning the total credit facility of Rs. 13008 lakhs including interest outstanding as on 20 March 2025 Rs. 13021.19 lakhs as on 31 March 2025 in respect of the financial facility granted by Axis Bank Limited to the Corporate Debtor from time to time along with all rights benefit and obligations thereunder to ACRE. Pursuant to the Supplemental Facilities Agreement entered by the Company DVPL along with four trusts entity with ACRE the management of the Company strongly believes that the above outstanding credit facility of DVPL will be paid to ACRE through various steps including monetization of assets of DVPL along with four trusts entity. In view of above the management is of the opinion that no liability is required to be provided by the Company as at 31 March 2025.
Textual Information(12)	N.A
Textual Information(13)	An appeal was filed before the Honble National Company Law Appellate Tribunal NCLAT by DVPL and the Honble NCLAT vide its order dated 02 December 2024 has directed that no further steps shall be taken by the IRP in pursuance of impugned order dated 19 November 2024 passed by Honble NCLT and that agreed cut back arrangement of 20 percent to continue with Axis Bank Limited. Further, during the quarter ended 31 March 2025 Axis Bank Limited entered into an assignment agreement dated 28 March 2025 with Assets Care and Reconstruction Enterprise Limited ACRE assigning the total credit facility of Rs. 13008 Lakhs including interest outstanding as at 20 March 2025 Rs. 13021.19 lakhs as at 31 March 2025 in respect of financial facility granted by Axis Bank Limited to the Corporate Debtor from time to time along with all rights benefit and obligations thereunder to ACRE. Pursuant to the Supplemental Facilities Agreement entered by the Company DVPL along with four trusts entity with ACRE the management of the Holding Company strongly believes that the above outstanding credit facility of DVPL will be paid to ACRE through various steps including monetization of assets of DVPL. Further during the year ended 31 March 2025 the Group has recognized differential interest amounting to Rs. 1596.65 lakhs, pursuant to the outstanding balance under the Assignment agreement and the same has been presented as an Exceptional item in the consolidated financial results for quarter and year ended 31 March 2025.
Textual Information(14)	N.A
Textual Information(15)	N.A