Wc have audited the accompanying Ind AS Financial Statements of BMB MUSIC AND MAGNETICS
LIMITED (“Tlic Company") which comprise the Balance Sheet as at 31*¹ March 2024, 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 of these Ind AS Financial
Statements that give true and fair 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 Accounting Standards) Rules, 2015, as amended. This responsibility also
includes maintenance of adequate accounting 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 accounting policies; making judgments and
estimates that arc 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 Ind AS
financial statements that give a true 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 Ind AS financial statements based on our
audit. We have taken into account the provisions of the Act, the accounting 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 fraud or error.

' In making those risk assessments, the auditor ™ j
* company s preparation of the Ind aq r. considers mtcmal financial i

' ^proccduros*•a

accounting cstimXTm^V^⁰ aCC°^Untine polides^sed'^d'the^reasonabf^

_prcsen₁a,o„oru_lc,ndASfin_an^bL*L^Ce^r^y'^S ^ «* - ££

We believe that the audit evidence we w u •

for our Audit opinion of the Ind AS rmandaltSenL⁸¹¹'^⁶"¹ ““ ^appr0prialc Provide a basis
Opinion

In our opinion and to the best of m • r

aforesaid Ind AS financial statementTri^f’,^ ^l° ““ “Potions given to us, the

required and give a true and to vto? "^f°^nmtl0n squired by the Act in the manner so
ueccptcd in India, of the state of affairs of the'c’oT™ ” ^the“counting principles generally

including its cash flows and the changes in 1 If ^March’ ²⁰²⁴> ^{and its} »

^s in equity lor the year ended on that date.

Report on Other Legal and Regulatory Requirements

Government of Indi^Tn^nm^o^ ^{2020 (}“^lhc °^rdCr”^{) issucd by 1110 Ccntral}

Annexure-A’, a statement on the matters speeded in L^aph'a t *eoX ** * ^thC
As required by section 143(3) of die Act, we report that:

^ knowlcdee ami hoi’ °^btainCd ^ and explanations to the best of our

knowledge and belief were necessary for the purposes of our audit.

^b) °^Plnr!⁰ⁿ’ ^pr°^{pCr books of accou}nts us required by Law have been kept by the
Company so far as it appears from our examination of those books.

c) I he Balance Sheet, the Statement of Profit & Loss including the Cash Flow Statement &
Statement of Changes in Equity dealt with by this report are in agreement with the books of
account.

d) In 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 Accounting Standards) Rules, 2015, as
amended.

e) On the basis of written representations received from the directors as on APRIL 30, 2024
taken on record by the Board of Directors, none of the directors is disqualified as on March
31, 2024 from being appointed as a director in terms of Section 164(2) of the Act.

fi 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-scction (3) of Section 143 of the_Compar>ies Act, 2013, is applicable on the Company
Per Annexure-B

/ _xx,th respect to the other matters to be included in the Auditor's Report in accordance with
£ iv.do l! ot the c ompames (Audit and Auditors) Rules, 2014, in our opinion and to the best of
,>ur information >uid according to the explanations given to us:

t. The Company does not have any pending litigations which would impact its financial

position

:i. . he Compunt 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
lYotection Fund by the Company

;v. Management has represented that, to the best of its knowledge and belief, other than as
disclosed in the notes to the accounts-

u) 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 funds 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 part)
(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 e icve
that the representations under sub-clause (i) and (u) contain any matenal

misstatement.

v. No dividend declared or paid during the year.

vi. Based on our exmninaump wh^l^ndu^d^est checks. ^ ^ racial year ended

11^ recording audU iedi. U* laciUry.

SQer

- w » - *

manish KHANDELWAL

p.irtncr^- _

Membership No.: 425013

. oj - T -

Dated: - 2-^

Place:- -x9'⁴³
ODIN:- ^VsvT.S-o\lC>'^cPl