Outcome of Board Meeting

CINENTSTA b E}Ftl:fliptcmlwr. 2026 The Manager, i “The Manager, Corporate Relationship Department, Listing Department, Bombay Stock Exchange Limited National Stock Exchange of India Limited 1* Floor, New Trading Ring, Exchange Plaza, | Rotunda Building, P.J. Towers, Bandra-Kurla Complex, Bandra () | Dalal Street, Mumbai — 400001 Mumbai — 400051 Kind Attn: Mrs. Bharati Bhambwani Sub: Outcome of Board Mecting held on 22nd September, 2026 under Regulation 30 of SEBI LODR Dear Sir / Madam, Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, we wish to inform you that the Board of Directors, of Cinevista Limited, at its meeting held today i.e., Tuesday, The 22nd of September, 2026, based on the recommendation of the Audit Committee meeting held on 17th September, 2026, has approved the following: 1. THE WRITE-OFF OF BALANCES / OUTSTANDING LOANS/ADVANCES TO ONE SUBSIDIARY AND ONE ASSOCIATE COMPANY: a) Chimera Entertainment Private Limited: Rs 1,65,13,981/- b) Heritage Productions Private Limited Rs: 73,73,949/- The Board meeting commenced at 2:00 p.m. and concluded at 3:00 p.m. Encl: 1. Disclosure under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated | 13.07.2023 - Annexure-A 2.Audit Committee recommendation dated 17.09.2026 is enclosed as Annexure-2. Request to kindly take note of the above. Thanking you ‘ Yours faithfully, 4 For Cinevista Limited Company gcretary M.No.: F11934 Encl: A/a Corporate Office: Flat no. 7 & 8, Silver Croft, Off T.P.S. 111, Comonf 1e6®r & 33" Road, Bandra (W), Mumbai ~ 400050 Website: www.cinevistaas.com 1, Silver Croft, Off. T.P.S. Ill, Corner of 16th and 33rd Road, E-mail: helpdesk@cinevistaas.com Bandra West, Mumbai - 400050 CIN: L92130MH1997PLC107871 GINENTSTA Disclosure under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13.07.2023 - Annexure-A Sr. | Particulars Details 1. | Name of entities a) Chimera Entertainment Pvt Ltd (CIN: U92112MH2000PTC127979) b) Heritage Productions Pvt Ltd (CIN: U92140MH2003PTC140281) 2. | Whether subsidiary/associate a) Chimera Entertainment Pvt Ltd: Subsidiary, Cinevista Limited holds 99.88% shares of the Subsidiary Company b) Heritage Productions Pvt Ltd: Associate Cinevista Limited holds 49.90% shares of the said Associate Company 3. |Tumover & Net worth Turnover: NIL (0%) for last 10 years. contribution Net worth: Fully eroded / Negative. No contribution to consolidated turnover. 4. |Date of incorporation & a) Chimera Entertainment Pvt Ltd: 28/07/2000 business b) Heritage Productions Pvt Ltd: 02/05/2003 No business for last 10 years 5. | RPT & Materiality Yes, these are transactions with subsidiary / associate companies and so falls under the purview of RPT Transactions Total write-off amount is Rs. 2.388 Crores, which is 9.96% of annual consolidated turnover (Rs. 23.972 Cr for FY 25-26). Since it is less than the 10% threshold under Reg 23, no shareholder approval required. Audit Committee has approved the above. 7. | Impact on CFS vs SFSSFS Write-off of Rs. 2.388 Cr in Standalone financials. CFS: NIL impact. As per Ind AS 110, inter-company loans are already eliminated on consolidation 8. | Rationale No Revenue since last 10 years, no third-party liabilities, nil / negligible asset. Corporate Office: Flat no. 7 & 8, Silver Croft, Off T.P.S. IIl, ; Comeorf 16® & 33 Road, - Bandra (W), Mumbai - 400050 Website: www.cinevistaas.com - 1, Silver Croft, Off. T.P.S. lll, Comner of 16th and 33rd Road, E-mail: helpdesk@cinevistaas.com o Bandra West, Mumbai - 400050 CIN: L92130MH1997PLC107¢ LAl ataes a EXTRACT OF THE MINUTES OF THE 03/2026-27 MEETING OF THE AUDIT COMMITTEE OF THE DIRECTORS OF CINEVISTA LIMITED HELD ON THURSDAY, THE 17™ DAY OF SEPTEMBER, 2026 AT 1.30 P.M. AND CONCLUDED AT 1.50 P.M. AT THE REGISTERED OFFICE OF THE COMPANY TO CONSIDER AND RECOMMEND THE WRITE-OFF OF BALANCE OUTSTANDING LOANS/ADVANCES TO ONE SUBSIDIARY AND ONE ASSOCIATE COMPANY ie. \Chimera Entertainment Private Limited’ and ‘Heritage Production Private Limited.’ 1. The Chairman informed the members that despite innumerable efforts made by the management, to revive and advance the business of the above referred Subsidiary and Associate Company, their financial status and operating circumstances, indicate that these SUBSIDIARY / ASSOCIATE COMPANIES will not be able/ cannot continue their operations, on a sustainable basis. 2. The Chairman informed the members about the WRITE-OFF, OUTSTANDING LOANS/ADVANCES given to ONE SUBSIDIARY AND ONE ASSOCIATE COMPANY, ie. ‘Chimera Entertainment Private Limited’ and ‘Heritage Production Private Limited” respectively. 3. Their Loans/ Advances, as on Date, Stand At: ] Chimera Entertainment Private Limited: Rs 1,65,13,981/- | Heritage Production Private Limited Rs: 73,73,949/- ‘ The Committee reviewed a detailed financial evaluation note prepared, along with the Expected Credit Loss (ECL) Assessment Matrix, prepared in accordance with the Indian Accounting Standards (Ind AS 27 and Ind AS 109), concerning the long-term equity investments and outstanding inter-company loans/advances given, by the Company to these Subsidiaries. The Audit Committee took note of the following critical financial and compliance parameters: Corporate Office: Flat no. 7 & 8, Silver Croft, Off T.P.S. IlI, Comer of 16* & 33" Road, Bandra (W), Mumbai — 400050 Website: www.cinevistaas.com Regd. Office: 1, Silver Croft, Off. T.P.S. ll, Comer of 16th and 33rd Road, E-mail: helpdesk@cinevistaas.com Bandra West, Mumbai - 400050 CIN: L92130MH1997PLC107871 J 4. Assessment of Materiality: The aggregate value of the proposed loan write-off of the one subsidiary and one associat@ , ie. ‘Chimera Entertainment Private Limited’ M@nd ‘Heritage Production Private Limited’, amounts to ? 2,38,87,930[Total Two crores, Thirty Eight lacs, Eighty Seven Thousand, Nine Hundred & Thirty being the Aggregate Amount]. This aggregate transaction value constitutes (9.96 Percent])9.96% of the annual consolidated revenue of the Company, for the preceding audited financial year. Since this is well below the 10% threshold, it does not trigger a Material Related Party Transaction, (RPT) requiring public shareholder approval, under SEBI LODR Regulation 23. “RESOLVED THAT THE AUDIT COMMITTEE HEREBY RECOMMENDS THE BOARD OF DIRECTORS, TO: 5. APPROVE WRITE-OFF OUTSTANDING LOANS/ADVANCES TO ONE SUBSIDIARY AND ONE ASSOCIATE COMPANIES; ie. ‘Chimera Entertainment Private Limited’ and ‘Heritage Production Private Limited’. The following Subsidiary / Associate companies will no longer stand reflected in the Standalone Financial Statements of the Company, in the current financial year. 6. APPROVE the submission of the corporate disclosure to the Stock Exchanges (BSE Limited and National Stock Exchange of India Limited) under Regulation 30 of the SEBI (LODR) Regulations, 2015, within twenty-four (24) hours of the conclusion of the upcoming Board Meeting." CERTIFIED TO BE TRUE FOR AUDIT COMMITTEE M/s. CINEVISTA LIMITED Mahrukh Chikliwala DIN: 10178021 Corporate Office: Flatno. 7& 8, Silver Croft, OFf TP.S. I, Comonf 1e6*r & 33 Road, Bandra (W), Mumbai - 400050 Regd. Office: Website: www.cinevistaas.com 1, Silver Croft, Off. T.P.S. IIl, Corner of 16th and 33rd Road, E-mail: helpdesk@cinevistaas.com Bandra West, Mumbai - 400050 CIN: L92130MH1997PLC107871