Cinedozecomthe Sabarmati Report 2024 Mlsbd Link

| ESG Pillar | Initiative | Status (as of Mar 2024) | |------------|------------|------------------------| | Environment | Solar PV (1.5 MW) | 80 % installed, full output expected Q3 FY‑24 | | Social | Local employment – 250 jobs (direct) + 400 (indirect) | Contracts with local NGOs for skill‑training | | Governance | Independent board audit committee | Quarterly compliance reporting to MLSBD portal |

| Risk | Likelihood | Impact | Mitigation | |------|------------|--------|------------| | Construction Delays (weather, labor) | Medium | High (postponed opening) | Fixed‑price EPC contract with penalty clauses; 30 % contingency fund retained. | | Regulatory Change (tax or subsidy) | Low | Medium | Ongoing liaison with SRDA & Gujarat Tourism; inclusion of “force‑majeure” clause. | | Demand Shortfall (COVID‑variant resurgence) | Medium | Medium | Flexible ticket‑pricing algorithm; diversified F&B revenue streams. | | Interest‑Rate Rise (RBI policy) | Medium | Low | Debt serviced with floating‑rate but capped at 11 % via interest‑rate swap. | | Land‑Title Dispute | Low | High | MLSBD shows clear title; indemnity clause with SRDA. | cinedozecomthe sabarmati report 2024 mlsbd link

Overall risk rating: Medium‑High (balanced by strong equity backing and government incentives). | ESG Pillar | Initiative | Status (as

| Source | Amount (₹ cr) | Instrument | Tenure / Rate | Lender | |--------|---------------|------------|--------------|--------| | Equity (CineDoze India) | 150 | Preference shares (8 % cumulative) | – | – | | Mezzanine | 150 | Sub‑debt | 12 % | Axis Bank | | Term Loan | 200 | Term loan | 9.2 % (floating) | State Bank of India | | Government Grant | 30 | Capital subsidy (non‑repayable) | – | Gujarat Tourism Board | | Total Capital | 530 (ex‑grant) / 560 (incl. grant) | – | – | – | | Risk | Likelihood | Impact | Mitigation

Debt service coverage ratio (DSCR) in FY‑25 projected at 1.45×, comfortably above the 1.20× covenant.

| Item | Key Take‑away (2024) | |------|----------------------| | Project Scope | Development of a 12‑screen multiplex and mixed‑use entertainment complex on the Sabarmati Riverfront (Ahmedabad, Gujarat). | | Total Investment | ≈ ₹ 620 cr (₹ 420 cr equity, ₹ 200 cr debt). | | Funding Sources | Equity from CineDoze India Ltd., a ₹ 150 cr mezzanine facility from Axis Bank, and a 5‑year term loan from State Bank of India (SBI). | | Construction Status | 78 % civil works completed (as of 31 Mar 2024). Expected commercial opening: Oct 2024. | | Projected FY‑25 Revenue | ₹ 210 cr (ticketing + F&B + advertising). | | EBITDA Margin (FY‑25) | 28 % (industry‑average 24‑30 %). | | Risk Rating | Medium‑High – primarily construction‑schedule and regulatory‑clearance risks; mitigated by strong EPC contractor and state‑government incentives. | | MLSBD Link | https://mlsbd.gov.in/project/cinedoze-sabarmati-2024 (official portal – requires registered user login). |