We have audited the Standalone financial statements of Munoth Communication Limited
("the Company"), which comprise the Stand alone Balance sheet as at 31st March 2025, the
Standalone Statement of Profit and Loss (including other comprehensive income),
Standalone Statement of changes in equity and Standalone Statement of cash flows for the year then
ended, and notes to the financial statements, including a summary of material accounting policies
and other explanatory information (hereinafter referred to as the "Standalone Financial Statements").

In our opinion and to the best of our information and according to the explanations given to us,
the aforesaid standalone financial statements give the information required by the Companies
Act, 2013 (the "Act") in the manner so required and give a true and fair view in conformity with
the Indian Accounting Standards prescribed under section 133 of the Act, as amended, ("Ind AS")
and other accounting principles generally accepted in India, of the state of affairs of the Company
as at March 31, 2025 and its Loss, including other comprehensive income, changes in equity and
its cash flows for the year ended on that date.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under
section 143(10) of the Act. Our responsibilities under those SAs are further described in the
Auditor's Responsibilities for the Audit of the Standalone Financial Statements section of our
report. We are independent of the Company in accordance with the Code of Ethics issued by the
Institute of Chartered Accountants of India together with the ethical requirements that are
relevant to our audit of the standalone financial statements under the provisions of the Act
and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance
with these requirements and the Code of Ethics. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion on the standalone
financial statements.

Key Audit Matter(s)

Key audit matters are those matters that, in our professional judgment, were of most significance
in our audit of the Standalone financial statements of the current period. These matters were
addressed in the context of our audit of the Standalone Financial Statements as a whole, and
in forming our opinion thereon, and we do not provide a separate opinion on these matters.
We have determined that there are no key audit matters to communicate in our report.

Information Other than the Financial Statements and Auditor's Report Thereon

The Company's Management and Board of Directors are responsible for the other information.
The other information comprises the information included in Management Discussion and
Analysis, Board's Report including Annexures to Board's Report, Business Responsibility
and sustainability report, Corporate Governance and Shareholder's Information, but does not
include the financial statements and our auditor's report(s) thereon.

Our opinion on the financial statements does not cover the other information and we do not express
any form of assurance conclusion thereon.

In connection with our audit of the standalone financial statements, our responsibility is to read the
other information,consider whether the other information is materially inconsistent with the standalone
financial statements or our knowledge obtained during the course of our audit or otherwise appears
to be materially misstated.

When we read the other information, based on the work we have performed, if we conclude that
there is a material misstatement therein, we are required to communicate the matter to those charged
with governance and take appropriate actions

Responsibilities of Management and those charged with governance for the Standalone Financial
Statements

The Company's Management and Board of Directors are responsible for the matters stated in
Section 134(5) of the Act, with respect to the preparation of these standalone financial
statements that give a true and fair view of the financial position, financial performance,
including other comprehensive income, changes in equity and cash flows of the Company in
accordance with the accounting principles generally accepted in India, including the Indian
Accounting Standards (Ind AS) specified under Section 133 of the Act. This responsibility also
includes maintenance of adequate accounting records in accordance with the provisions of the
Act for safeguarding the assets of the Company and for preventing and detecting frauds and other
irregularities; selection and application of appropriate accounting policies; making judgments
and estimates that are reasonable and prudent; and design, implementation and maintenance of
adequate internal financial controls, that were operating effectively for ensuring the accuracy
and completeness of the accounting records, relevant to the preparation and presentation of
the Standalone financial statement that give a true and fair view and are free from
material misstatement, whether due to fraud or error.

In preparing the standalone financial statements, the Management and Board of
Directors are responsible for assessing the Company's ability to continue as a going concern,
disclosing, as applicable, matters related to going concern and using the going concern basis of
accounting unless the Board of Directors either intends to liquidate the Company or to cease
operations, or has no realistic alternative but to do so.

The Board of Directors is also responsible for overseeing the Company's financial reporting process.
Auditor's Responsibilities for the Audit of the Standalone Financial Statements

Our objectives are to obtain reasonable assurance about whether the Standalone financial
statements as a whole are free from material misstatement, whether due to fraud or error, and to
issue an auditor's report that includes our opinion. Reasonable assurance is a high level of
assurance, but is not a guarantee that an audit conducted in accordance with SAs will always
detect a material misstatement when it exists. Misstatements can arise from fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to
influence the economic decisions of users taken on the basis of these Standalone financial statements.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain
professional scepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the Standalone financial statements,
whether due to fraud or error, design and perform audit procedures responsive to those risks,
and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.
The risk of not detecting a material misstatement resulting from fraud is higher than for one
resulting from error, as fraud may involve collusion, forgery, intentional omissions,
misrepresentations, or the override of internal controls.

Obtain an understanding of internal financial control relevant to the audit in order to design
audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act,
we are also responsible for expressing our opinion on whether the Company has adequate
internal financial controls with reference to Standalone Financial Statements in place and the
operating effectiveness of such controls.

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by Management and Board of Directors

Conclude on the appropriateness of the Management and Board of Director's use of the going
concern basis of accounting in preparation of Standalone Financial Statements and, based on
the audit evidence obtained, whether a material uncertainty exists related to events or
conditions that may cast significant doubt on the Company's ability to continue as a going
concern. If we conclude that a material uncertainty exists, we are required to draw attention
in our auditor's report to the related disclosures in the standalone financial statements or, if
such disclosures are inadequate, to modify our opinion. Our conclusions are based on the
audit evidence obtained up to the date of our auditor's report. Flowever, future events or
conditions may cause the Company to cease to continue as a going concern.

Evaluate the overall presentation, structure and content of the Standalone financial
statements, including the disclosures, and whether the Standalone financial statements
represent the underlying transactions and events in a manner that achieves fair
presentation.

Materiality is the magnitude of misstatements in the standalone financial statements that,
individually or in aggregate, makes it probable that the economic decisions of a reasonably
knowledgeable user of the Standalone Financial Statements may be influenced. We
consider quantitative materiality and qualitative factors in (i) planning the scope of our audit
work and in evaluating the results of our work; and (ii) to evaluate the effect of any
identified misstatements in the Standalone financial statements.

We communicate with those charged with governance regarding, among other matters,
the planned scope and timing of the audit and significant audit findings, including any significant
deficiencies in internal financial control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with
relevant ethical requirements regarding independence, and to communicate with them all
relationships and other matters that may reasonably be thought to bear on our independence,
and where applicable, related safeguards.

From the matters communicated with those charged with governance, we determine those
matters that were of most significance in the audit of the Standalone financial statements of the
current period and are therefore the key audit matters. We describe these matters in our
auditor's report unless law or regulation precludes public disclosure about the matter(s) or
when, in extremely rare circumstances, we determine that a matter should not be communicated
in our report because the adverse consequences of doing so would reasonably be expected to
outweigh the public interest benefits of such communication.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order, 2020 ("the Order"), issued by the
Central Government of India in terms of sub-section (11) of section 143 of the Companies
Act, 2013, we give in the "Annexure A" a statement on the matters specified in paragraphs 3
and 4 of the Order, to the extent applicable.

2. As required by Section 143(3) of the Act, based on our audit we report that:

a) We have sought and obtained all the information and explanations which to the best of our
knowledge and belief were necessary for the purposes of our audit.

b) In our opinion, proper books of account as required by law have been kept by the Company
so far as it appears from our examination of those books

c) The Balance Sheet, the Statement of Profit and Loss including other comprehensive Income,
Statement of Equity and the Statement of Cash Flows dealt with by this Report are in agreement
with the books of account.

d) In our opinion, the aforesaid Standalone Financial Statements comply with the Indian
Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies
(Accounts) Rules,

e) On the basis of the written representations received from the Directors as on 31st March,
2025 taken on record by the Board of Directors, none of the directors is disqualified as on
31st March, 2025 from being appointed as a director in terms of Section 164 (2) of the Act.

f) With respect to the adequacy of the internal financial controls over financial reporting of the
Company and the operating effectiveness of such controls, refer to our separate Report in
"Annexure B." Our report expresses an unmodified opinion on the adequacy and operating
effectiveness of the Company's internal financial controls with reference to Standalone
Financial Statements.

g) With respect to the matter to be included in the Auditor's Report under Section 197(16) of
the Act, as amended, in our opinion and according to the information and explanations given
to us, no remuneration is paid by the Company to its Directors during the year and hence the
reporting of matters as required under Section 197(16) does not arise.

h) With respect to the other matters to be included in the Auditor's Report in accordance with
Rule 11 of the Companies (Audit and Auditors) Rules, 2014,as amended, in our opinion and to
the best of our information and according to the explanations given to us:

1. The Company has no pending litigations which would have a material impact on
its financial position.

2. The Company has not entered into any long-term contracts including derivative contracts for
which there were any material foreseeable losses.

3. There has not been an occasion in case of the Company during the year under report to
transfer of any sums to the Investor Education and Protection Fund by the Company. The
question of delay in transferring such sums does not arise.

4. i. The management has represented that, to the best of its knowledge and belief, other than
as disclosed in the notes to the accounts, no funds(which are material either individually or in
the aggregate) have been advanced or loaned or invested (either from borrowed funds or
share premium or any other sources or kind of funds) by the Company to or in any other
person(s) orentity(ies), including foreign entities ("Intermediaries"), with the understanding,
whether recorded in writing or otherwise, that the Intermediary shall, whether, directly or
indirectly lend or invest in other persons or entities identified in any manner whatsoever by
or on behalf of the Company ("Ultimate Beneficiaries") or provide any guarantee, security or
the like on behalf of the Ultimate Beneficiaries; and

ii. The management has represented that, to the best of its knowledge and belief, other than as
disclosed in the notes to the accounts, no funds (which are material either individually or
aggregate) have been received by the Company from any person(s) or entity(ies), including
foreign entities (Funding Parties"), with the understanding, whether recorded in writing or
otherwise, that the Company shall, whether, directly or indirectly, lend or invest in other
persons or entities identified in any manner whatsoever by or on behalf of the Funding Party
("Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of the
Ultimate Beneficiaries.

iii. Based on audit procedures carried out by us, that we have considered reasonable and
appropriate in the circumstances, nothing has come to our notice that has caused us to believe
that the representations under sub-clause (i) and (ii) of the Rule 11 (e), as provided under (i)
and (ii) above, contain any material misstatement.

5. The Company has not declared or paid any dividends during the year and accordingly reporting
on the compliance with section 123 of the Companies Act, 2013 is not applicable for the year
under consideration.

6. The reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 applicable
from April 1, 2023. Based on our examination, which included test checks, the Company has
used accounting software for maintaining its books of account for the financial year ended
March 31,2025 which has a feature of recording audit trail (edit log) facility and the same has
operated throughout the year for all relevant transactions recorded in the software. Further,
for the periods where the audit trail (edit log) facility was enabled and operated throughout
the year for the respective accounting software, and during the course of our audit, we did
not come across any instance of the audit trail feature being tampered with.

For KUMBHAT AND CO LLP
Chartered Accountants
FRN: 001609S/S000162

M.V. Chandramouleeswaran
Partner

Membership No: 202629
UDIN No: 25202629BMIHRJ1204

Place: Chennai.

Date: 30.05.2025