It is an advertisement of Hindi film Azaad starring Dilip Kumar and Meena Kumari in the lead. The advertisement also mentions the date of the release of the film and the names of the cinema halls where it is going to release.
Anonymous, "Advertisement of Film Azaad," in History of Indian Cinema, Item #43, https://icinema.medialabju.org/items/show/43 (accessed December 25, 2024).