(a) Basis of preparation
 
 The financial statements have been prepared to comply in all material
 respects with the notified Accounting Standards issued by Companies
 Accounting Standard Rules, 2006 (as amended) and the relevant
 provisions of the Companies Act, 1956. The financial statements are
 prepared under the historical cost convention on an accrual basis.  The
 accounting policies have been consistently applied by the Company and
 are consistent with those used in the previous year.
 
 (b) Use of estimates
 
 The preparation of financial statements in conformity with generally
 accepted accounting principles requires management to make estimates
 and assumptions that affect the reported amounts of assets and
 liabilities and disclosure of contingent liabilities at the date of the
 financial statements and the results of operations during the reporting
 year end. Although these estimates are based upon managements best
 knowledge of current events and actions, actual results could differ
 from these estimates.
 
 (c) Fixed Assets
 
 Fixed Assets are stated at Cost less accumulated depreciation and
 impairment losses, if any. Cost comprises the purchase price (net of
 CENVAT and Service tax credit) and any directly attributable cost of
 bringing the asset to its working condition for its intended use.
 Borrowing costs relating to acquisition of fixed assets which take
 substantial period of time to get ready for its intended use are also
 included to the extent they relate to the period till such assets are
 ready to be put to use. Leasehold improvements represent expenses
 incurred towards civil works, interior furnishings, etc. on the leased
 premises at the various locations.
 
 (d) Depreciation
 
 Leasehold Improvements are amortized over the estimated useful life or
 unexpired period of lease (whichever is lower) on a straight line
 basis.Cost of structural improvements at premises where Company has
 entered into agreement with the parties to operate and manage
 Multiscreen/Single Screen Cinemas on revenue sharing basis are
 amortized over the estimated useful life or lock in period of the
 agreement (whichever is lower) on a straight line basis.Depreciation on
 all other assets is provided on Straight-Line Method at the rates
 computed based on estimated useful life of the assets, which are equal
 to the corresponding rates prescribed in Schedule XIV to the Companies
 Act, 1956. Assets costing Rs.  5,000 and below are fully depreciated in
 the year of acquisition.
 
 (e) Intangibles
 
 Goodwill
 
 Goodwill arising due to amalgamation of a subsidiary company with the
 Company is amortized in the year of acquisition.
 
 Software and Website Development cost
 
 Cost relating to purchased softwares, software licenses and website
 development, are capitalized and amortized on a straight-line basis
 over their estimated useful lives of six years.
 
 Software licenses costing Rs. 5,000 and below are fully amortized in
 the year of acquisition.
 
 Film Rights Cost
 
 Film right cost is capitalized and is amortized fully as and when the
 film is released.
 
 (f) Expenditure on new projects and substantial expansion
 
 Expenditure directly relating to construction activity is capitalized.
 Indirect expenditure incurred during construction period is capitalized
 as part of the indirect construction cost to the extent expenditure is
 related to construction or is incidental thereto. Other indirect
 expenditure (including borrowing costs) incurred during the
 construction period, which is not related to the construction activity
 nor is incidental thereto is charged to the Profit and Loss Account.
 Income earned during construction period is adjusted against the total
 of the indirect expenditure.
 
 All direct capital expenditure on expansion is capitalized. As regards
 indirect expenditure on expansion, only that portion is capitalized
 which represents the marginal increase in such expenditure involved as
 a result of capital expansion. Both direct and indirect expenditure are
 capitalized only if they increase the value of the asset beyond its
 originally assessed standard of performance.
 
 (g) Impairment
 
 The carrying amounts of assets are reviewed at each balance sheet date
 if there is any indication of impairment based on internal/external
 factors. An impairment loss is recognized wherever the carrying amount
 of an asset exceeds its recoverable amount.  The recoverable amount is
 the greater of the assets net selling price and value in use. In
 assessing value in use, the estimated future cash flows are discounted
 to their present value using a pre-tax discount rate that reflects
 current market assessments of the time value of money and risks
 specific to the asset.
 
 (h) Investments
 
 Investments that are readily realizable and intended to be held for not
 more than a year are classified as current investments. All other
 investments are classified as long term investments. Current
 investments are carried at lower of cost and fair value determined on
 an individual investment basis. Long term investments are carried at
 cost. However, provision for diminution in the value is made to
 recognize a decline other than temporary in the value of the
 investments.
 
 (i) Inventories
 
 Inventories are valued as follows:
 
 Food and beverages          Lower of cost and net realizable value. 
 
                             Cost is determined on First In First 
 
                             Out Basis.
 
 Stores and spares           Lower of cost and net realizable value. 
             
                             Cost is determined on First In First 
 
                             Out Basis.
 
 Net realizable value is the estimated selling price in the ordinary
 course of business, less estimated costs necessary to make the sale.
 
 (j) Leases
 
 Where the Company is the Lessee
 
 Leases where the lessor effectively retains substantially all the risks
 and benefits of ownership of the leased items, are classified as
 operating leases. Operating lease payments are recognized as an expense
 in the Profit and Loss Account on an ongoing basis.
 
 Where the Company is the Lessor
 
 Assets subject to operating leases are included in fixed assets. Lease
 income is recognised in the Profit and Loss Account on a straight-line
 basis over the lease term. Costs, including depreciation are recognised
 as an expense in the Profit and Loss Account. Initial direct costs such
 as legal costs, brokerage costs, etc.  are recognised immediately in
 the Profit and Loss Account.
 
 (k) Revenue Recognition
 
 Revenue is recognized to the extent that it is probable that the
 economic benefits will flow to the Company and the revenue can be
 reliably measured. Amount of entertainment tax, sales tax and service
 tax collected on generating operating revenue has been shown as a
 reduction from the operating revenue.
 
 Sale of tickets of Films
 
 Revenue from sale of tickets of films is recognised as and when the
 film is exhibited.
 
 Revenue Sharing
 
 Income from revenue sharing is recognized in accordance with the terms
 of agreement with parties to operate and manage Multiscreen/ Single
 screen cinemas.
 
 Income from Distribution of films
 
 Theatrical revenue from the distribution of films is accounted for on
 the basis of box office reports received from various exhibitors and
 revenue from the sale of satellite / TV rights is recognised at the
 time of initial period of transfer of right to the customer.
 
 Sale of Food and Beverages
 
 Revenue from sale of food and beverages is recognised upon passage of
 title to customers, which coincides with their delivery.
 
 Advertisement Revenue
 
 Advertisement revenue is recognised as and when advertisement is
 displayed at the cinema halls.
 
 Management Fee Revenue and Royalty income (to the extent of Pouring
 Fee, from a customer)
 
 Revenue is recognised on an accrual basis in accordance with the terms
 of the relevant agreements.
 
 Convenience Fee
 
 Convenience fee is recognized as and when the ticket is sold on the
 website of the Company.
 
 Interest Income
 
 Interest revenue is recognised on a time proportion basis, taking into
 account the amount outstanding and the rates applicable.
 
 Dividend Income
 
 Revenue is recognized where the shareholders right to receive payment
 is established by the balance sheet date.
 
 (l) Foreign currency Translations
 
 ( i) Initial Recognition
 
 Foreign currency transactions are recorded in Indian Rupees by applying
 to the foreign currency amount, the exchange rate between the Indian
 Rupee and the foreign currency prevailing at the date of the
 transaction.
 
 (ii) Conversion
 
 Foreign currency monetary items are reported using the closing rate.
 Non-monetary items which are carried in terms of historical cost
 denominated in a foreign currency, are reported using the exchange rate
 at the date of the transaction and non-monetary items which are carried
 at fair value or other similar valuation denominated in a foreign
 currency are reported using the exchange rates that existed when the
 values were determined.
 
 (iii) Exchange Differences
 
 Exchange differences arising on the settlement of monetary items at
 rates different from those at which they were initially recorded during
 the year, or reported in previous financial statements, are recognized
 as income or as expense in the year in which they arise.
 
 (m) Retirement and other Employee Benefits
 
 (i) Retirement benefits in the form of Provident Fund is a defined
 contribution scheme and the contributions are charged to the Profit and
 Loss Account of the year when the contributions to the provident funds
 are due. There are no other obligations other than the contribution
 payable to the respective trusts.
 
 (ii) Gratuity is a defined benefit obligation. The Company has created
 an approved gratuity fund for the future payment of gratuity to the
 employees. The Company accounts for the gratuity liability, based upon
 the actuarial valuation performed in accordance with the Projected Unit
 Credit method carried out at the year end, by an independent actuary.
 Gratuity liability of an employee, who leaves the Company before the
 close of the year and which is remaining unpaid, is provide on actual
 computation basis.
 
 (iii) Short term compensated absences are provided for on based on
 estimates. Long term compensated balances are provided for based on
 actuarial valuation. The actuarial valuation is done as per projected
 unit credit method. Leave encashment liability of an employee, who
 leaves the Company before the close of the year and which is remaining
 unpaid, is provided for on actual computation basis.
 
 (iv) Actuarial gains/losses are immediately taken to profit and loss
 account and are not deferred.
 
 (n) Segment Reporting Policies
 
 Identification of segments :
 
 The Companys operating businesses are organized and managed separately
 according to the nature of products and services provided, with each
 segment representing a strategic business unit that offers different
 products and serves different markets. The analysis of geographical
 segments is based on the areas in which major operating divisions of
 the Company operate.
 
 Inter Segment Transfers :
 
 The Company generally accounts for intersegment sales and transfers as
 if the sales or transfers were to third parties at current market
 prices.
 
 Allocation of Common Costs :
 
 Common allocable costs are allocated to each segment according to the
 relative contribution of each segment to the total common costs.
 
 Unallocated Items :
 
 The Corporate and Other segment includes general corporate income and
 expense items which are not allocated to any business segment.
 
 (o) Income Taxes
 
 Tax expense comprises of current and deferred tax.  Current income tax
 are measured at the amount expected to be paid to the tax authorities
 in accordance with the Income Tax Act, 1961. Deferred income taxes
 reflect the impact of current year timing differences between taxable
 income and accounting income for the year and reversal of timing
 differences of earlier years.
 
 Deferred tax is measured based on the tax rates and the tax laws
 enacted or substantively enacted at the balance sheet date. Deferred
 tax assets and deferred tax liabilities are offset, if a legally
 enforceable right exists to set off current tax assets against current
 tax liabilities and the deferred tax assets and deferred tax
 liabilities relate to the taxes on income levied by same governing
 taxation laws. Deferred tax assets are recognised only to the extent
 that there is reasonable certainty that sufficient future taxable
 income will be available against which such deferred tax assets can be
 realised. In case where the Company has unabsorbed depreciation or
 carry forward tax losses, entire deferred tax assets are recognised
 only if there is virtual certainty supported by convincing evidence
 that they can be realised against future taxable profits.
 
 Unrecognised deferred tax assets of earlier years are re-assessed and
 recognized to the extent that it has become reasonably certain or
 virtually certain, as the case may be that sufficient future taxable
 income will be available against which such deferred tax assets can be
 realised. The carrying amount of deferred tax assets are reviewed at
 each balance sheet date. The Company writes-down the carrying amount of
 a deferred tax asset to the extent that it is no longer reasonably
 certain or virtually certain, as the case may be, that sufficient
 future taxable income will be available against which deferred tax
 asset can be realised. Any such write-down is reversed to the extent
 that it becomes reasonably certain or virtually certain, as the case
 may be, that sufficient future taxable income will be available.
 
 Minimum Alternative Tax (MAT) credit is recognized as an asset only
 when and to the extent there is convincing evidence that the company
 will pay normal income tax during the specified period. In the year in
 which the MAT credit becomes eligible to be recognized as an asset in
 accordance with the recommendations contained in guidance note issued
 by the Institute of Chartered Accountants of India, the said asset is
 created by way of a credit to the profit and loss account and shown as
 MAT Credit Entitlement. The Company reviews the same at each balance
 sheet date and writes down the carrying amount of MAT Credit
 Entitlement to the extent there is no longer convincing evidence to the
 effect that Company will pay normal Income Tax during the specified
 period.
 
 (p) Earning Per Share
 
 Basic Earnings Per Share is calculated by dividing the net profit or
 loss for the year attributable to equity shareholders (after deducting
 dividend on preference shares and attributable taxes) by the weighted
 average number of equity shares outstanding during the year.
 
 For the purpose of calculating Diluted Earnings Per Share, the net
 profit or loss for the year attributable to equity shareholders and the
 weighted average number of shares outstanding during the year are
 adjusted for the effects of all dilutive potential equity shares.
 
 (q) Provisions
 
 A provision is recognised when the Company has a present obligation as
 a result of past event and it is probable that an outflow of resources
 will be required to settle the obligation, in respect of which a
 reliable estimate can be made. Provisions are not discounted to their
 present value and are determined based on best management estimate
 required to settle the obligation at each Balance Sheet date. These are
 reviewed at each Balance Sheet date and are adjusted to reflect the
 current best management estimates.
 
 (r) Cash and Cash Equivalents
 
 Cash and cash equivalents in the cash flow statement comprise cash at
 bank and in hand and short term investments with an original maturity
 of three months or less.
 
 (s) Employee Stock Compensation Cost
 
 Measurement and disclosure of the employee share-based payment plans is
 done in accordance with SEBI (Employee Stock Option Scheme and Employee
 Stock Purchase Scheme) Guideline, 1999 and the Guidance Note on
 Accounting for Employee Share-based Payments, issued by the Institute
 of Chartered Accountants of India. The Company measures compensation
 cost relating to employee stock options using the intrinsic value
 method. Compensation expense, if any, is amortized over the vesting
 period of the option on a straight line basis.
 
 (t) Government Grants and Subsidies
 
 Grants and subsidies from the government are recognized when there is
 reasonable assurance that the grant/subsidy will be received and all
 attaching conditions will be complied with.
 
 When the grant or subsidy relates to an expense item, it is recognized
 as income over the periods necessary to match them on a systematic
 basis to the costs, which it is intended to compensate. Where the grant
 or subsidy relates to an asset, its value is deducted in arriving at
 the carrying amount of the related asset.  Government grants of the
 nature of promoters contribution are credited to capital reserve and
 treated as a part of shareholders funds.