We have audited the accompanying hid AS Financial Statements of BMB MUSIC AND
MAGNETICS LIMITED (“The Company”) which comprise the Balance Sheet as at 31st March 2025,
the statement of Profit and Loss, the cash flow statement & the statement of changes in Equity for the
year then ended, and a summary of the significant accounting policies and other explanatory
information.
Management's Responsibility for the Financial Statements
The Company’s Board of Directors is responsible for the matters stated in Section 134(5) of the
Companies Act,2013 ('the Act”) with respect to the preparation ofthese Ind AS Financial Statements
that give tine and fail' view of the financial position and financial performance including cash flows
and changes in equity 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, read with Rule 7 of the Companies (Accounts) Rules, 2014 & the Companies (Indian
Accoimting Standards) Rules, 2015, as amended. This responsibility also includes maintenance of
adequate accoimting records in accordance with the provisions of the Act for safeguarding of the
assets of the Company and for preventing and detecting frauds and other irregularities; selection and
application of appropriate accoimting policies; making judgments and estimates that are reasonable
and prudent; in 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 hid AS financial statements that give a tine and fair
view and is free from material misstatement, whether due to fraud or error.
Auditors ’ Responsibility.
Our responsibility is to express an opinion on these hid AS financial statements based on our audit.
We have taken into account the provisions of the Act, the accoimting and auditing standards and
matters which are required to be included in the audit report under the provision of the Act and the
Rules made thereunder.
We conducted our audit of the Ind AS Financial Statements in accordance with the Standards on
Auditing specified under Section 143(10) of the Act. Those Standards require that we comply with
ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures
in the financial statements. The Procedures selected depend on the auditors' judgement, including the
assessment of the risks of material misstatement of the Ind AS financial statement, whether due to
fr aud or error.
In making those risk assessments, the auditor considers internal financial control relevant to the
company’s preparation of the Ind AS financial statements that give a true and fan view in order to
design audit procedures that are appropriate in the circumstances. An audit also includes evaluating
the appropriateness of the accounting policies used and the reasonableness ofthe accounting estimates
made by the company's directors, as well as evaluating the overall presentation ofthe Ind AS financial
statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our Audit opinion of the hid AS financial statements.
Opinion
In our opinion and to the best of our information and according to the explanations given to us, the
aforesaid hid AS financial statements give the information required by the Act in the manner so
required and give a true and fair view in conformity with the accounting principles generally accepted
in India, of the state of affairs of the Company as at 31st March, 2025, and its Profit including its cash
flows and the changes in Equity for the year ended on that date.
Report on Other Legal and Regulatory Requirements
As required by the Companies (Auditor's Report) Order, 2020 ("the Order”) issued by the Central
Government of hidia in terms of sub-section (11) of section 143 of the Act, we give in the * Annexure-
A’, a statement on the matters specified in the paragraph 3 & 4 of the order.
As required by section 143(3) ofthe Act, we report that:
a) We have sought and obtained all the information and explanations to the best of our knowledge
and belief were necessary for the pmposes of om' audit.
b) hi our opinion, proper books of accounts as required by Law have been kept by the Company
so far as it appeal s from our examination of those books.
c) The Balance Sheet, the Statement of Profit & Loss including the Cash Flow Statement &
Statement of Changes in Equity dealt with by this report are in agr eement with the books of
account.
d) hi our opinion, the aforesaid Ind AS financial statements comply with the Accounting
Standards specified under Section 133 of the Act, read with Rule 7 of the Companies
(Accounts) Rule, 2014 & the Companies (Indian Accoimting Standards) Rules, 2015, as
amended.
e) On the basis of mitten representations received from the directors as on APRIL 30, 2025
taken on record by the Board of Directors, none of the directors is disqualified as on March
31, 2025 from being appointed as a director in terms of Section 164(2) ofthe 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, as per the Chapter X, Clause (i) of
sub-section (3) of Section 143 of the Companies Act, 2013, is applicable on the Company as
Per Annexure-B
g) 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, in our opinion and to the best of our
information and according to the explanations given to us:
i. The Company does not have any pending litigations which would inpact its financial position
ii. The Company did not have any long term contracts including derivatives contracts for which
there were any material foreseeable losses.
iii. There were no amounts which required to be transferred, to the Investor Education and
Protection Fund by the Company
iv. Management has represented that, to the best of its knowledge and belief, other than as
disclosed in the notes to the accounts-
a) No funds have been advanced or loaned or invested by the company to or
in any other person(s) or entities, including foreign entities (“Intermediaries”), with
the understanding, 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.
b) No fluids have been received by the company from any person(s) or entities
including foreign entities (“Funding Parties”) with the understanding that such
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 guarantee, security or the like on behalf of the
Ultimate beneficiaries.
Based on such audit procedures we have considered reasonable and appropriate in the
circumstances, nothing has come to their notice that has caused them to believe that the
representations under sub-clause (i) and (ii) contain any material misstatement.
v. No dividend declared or paid during the year.
vi. Based on our examination, which included test checks, the Company has not 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.
For VINOD SINGHAL & CO. LLP
CHARTERED ACCOUNTANTS
Registration No.: 005826C/C400276
MANISH KHANDELWAL
Partner
Membership No.: 425013
Dated: - 30.05.2025
Place: - Jaipur
UDIN:- 25425013BMJNRR3372
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