We have audited the accompanying Standalone Financial Statements of City Pulse
Multiplex Limited (the "Company") which comprise the Balance Sheet as at March 31,
2025, the Statement of Profit and Loss (Including Other Comprehensive Income), the
Cash Flow Statement for the year then ended, and a summary of material accounting
policies and other explanatory information (herein after 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 Accounting Standards prescribed under section 133 of
the Act read with Rule 7 of the Companies (Accounts) Rules, 2014 and other accounting
principles generally accepted in India, of the state of affairs of the Company as at March
31, 2025, its profit, total comprehensive income and its cash flows for the year ended on
that date.

Basis of Opinion

We conducted our audit of the Standalone Financial Statements in accordance with the
Standards on Auditing ("SA"s) specified under section 143(10) of the Act (SAs). Our
responsibilities under those Standards are further described in the Auditor's
Responsibility 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 (ICAI) 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 made thereunder, and we have fulfilled
our other ethical responsibilities in accordance with these requirements and the ICAI's
Code of Ethics. We believe that the audit evidence obtained by us is sufficient and
appropriate to provide a basis for our audit opinion on the Standalone Financial
Statements.

Key Audit Matters

Key Audit matters ('KAM') 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.

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

The Company's Board of Directors is responsible for the preparation of the other
information. The other information comprises the information included in the
Management Discussion and Analysis, Board's Report including Annexures to Board's
Report, Business Responsibility Report, Corporate Governance and Shareholder's
Information, but does not include the Standalone Financial Statements and our auditor's
report 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.

If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact. We have
nothing to report in this regard.

2. Management's Responsibility for the Standalone Financial Statements

The Company's Board of Directors is responsible for the matters stated in the section
134(5) of the Companies Act, 2013 ("the Act") with respect to the preparation and
presentation of these Standalone Financial Statements that give a true and fair view of
the financial position, financial performance including other comprehensive income,
changes in cash flows of the Company in accordance with the accounting principles
generally accepted in India, including the Accounting Standards specified under section
133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. 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 Statements 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 respective Management and
Board of Directors are responsible for assessing the ability of company to continue as a
going concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the respective Board of Directors either
intends to liquidate the company or to cease operations, or has no realistic alternative
but to do so.

The respective Board of Directors are also responsible for overseeing the financial
reporting process of company.

3. Auditor's Responsibility 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 control.

• 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 system
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 the management.

• Conclude on the appropriateness of management's use of the going concern
basis of accounting and, based on the audit evidence obtained, whether a
material uncertainty exists related to events or conditions that may cast
significant doubt on the ability of the Company 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. However, 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 of the Company included in
the Standalone Financial Statements of which we are the independent auditors
regarding, among other matters, the planned scope and timing of the audit and
significant audit findings, including any significant deficiencies in internal 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 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.

4. Report on Other Legal and Regulatory Requirements

i. As required by the Companies (Auditor's Report) Order, 2020 ("the Order") issued by

the Central Government of India in terms of section (11) of section 143 of the
Companies Act,2015 we give in the "Annexure-A" a statement on the matters
specified in the paragraphs 3 and 4 of the Order, to the extent applicable.

ii. As required by section 143(3) of the Act, we report that:

a. We have obtained all the information and explanations which to the best of our
knowledge and belief were necessary for the purpose of our audit of the afore
said Standalone Financial Statements;

b. In our opinion proper books of account as required by law relating to preparation
of the afore said Standalone Financial Statements have been kept by the
Company so far as appears from our examination of those books, except for the
matters stated in 4(ii)(i)(VI) below on reporting under rule 11(g) of the companies
(Audit and Auditors) Rules, 2014;

c. The Balance Sheet, Statement of Profit and Loss including other comprehensive
Income and Statement of Cash Flow dealt with by this Report are in agreement
with the relevant books of account maintained for the purpose of preparation of
the Standalone Financial Statements.

d. In our opinion, the aforesaid Standalone Financial Statements comply with the
Accounting Standards specified under section 133 of the Act, read with the Rule 7
of the Companies (Accounts) Rules, 2014.

e. On the basis of written representations received from the directors as on March
31, 2025, and 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) of the Act.

f. The modification relating to the maintenance of accounts and other matters
connected therewith are as stated in the paragraph (b) above on reporting under
section 143(3)(b) and in 143(3)(i)(VI) below on reporting under Rule 11(g) of the
Companies (Audit and Auditors) Rules, 2014;

g. 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".

h. With respect to the other matters to be included in the Auditor's Report in
accordance with the requirements of section 197(16) of the Act, as amended:

In our opinion and to the best of our information and according to the
explanations given to us, the remuneration paid by the Company to its directors
during the year is in accordance with the provisions of section 197 of the Act.

i. 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 accordance to the explanation
given to us:

i. The company does not have any pending litigations which would impact its
financial position.

ii. The company did not have any long term contracts including derivative
contracts for which there were any material foreseeable losses.

iii. There were no amounts which were required to be transferred to the Investor
Education and Protection Fund by the Company.

iv. (a) The respective Managements of the Company, whose Standalone Financial
Statements have been audited under the Act, have represented to us that, to
the best of their knowledge and belief, 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 or in any other person or entity, including foreign entity
("Intermediaries"), with the understanding, whether recorded in writing or
otherwise, that the Intermediary shall, directly or indirectly lend or invest in
other persons or entities identified in any manner whatsoever by or on behalf
of the Company or provide any guarantee, security or the like on behalf of the
Ultimate Beneficiaries.

(b) The respective Managements of the Company, whose Standalone Financial
Statements have been audited under the Act, have represented to us that, to
the best of their knowledge and belief, no funds (which are material either
individually or in the aggregate) have been received by the Company from any
person or entity, including foreign entity ("Funding Parties"), with the
understanding, whether recorded in writing or otherwise, that the Company
shall, 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.

(c) Based on the audit procedures that have been considered reasonable and
appropriate in the circumstances performed by us on the Company whose
Standalone Financial Statements have been audited under the Act, nothing has
come to our notice that has caused us to believe that the representations under
sub-clause (i) and (ii) of Rule 11(e), as provided under (a) and (b) above, contain
any material misstatement.

V. In Our Opinion and according to the information and explanation given to us,
the company has not declare any dividend.

VI. Based on our examination which included test checks, the company has used
an accounting software for maintaining its books of account which have a feature
of recording audit trail facility enabled and the same was operated throughout
the year for all relevant transactions recorded in the software, except the audit
trail feature is enabled, for certain direct changes to database when using certain
privileged /administrative access rights enabled.

Further, during the course of our audit we did not come across any instance of
audit trail feature being tampered with in respect of the accounting software
where audit trail was enabled.

Additionally, the audit trail of relevant prior years has been preserved for record
retention to the extent it was enabled and recorded in those respective years by
the Company as per the statutory requirements for record retention.

For, S. D. Mehta & Co.

Chartered Accountants
(Registration No. 137193W)

Date: 30^th May, 2025
Place: Ahmedabad

Shaishav D. Mehta

Partner
M.No.: 032891
UDIN: 25032891BMJKFN2435