Auditor Report of Moving Media Entertainment Ltd.

Mar 31, 2025

We have audited the accompanying Financial Statements of MOVING MEDIA
ENTERTAINMENT LIMITED (“the Company”), which comprise the Balance sheet
as at 31st March 2025, the Statement of Profit and Loss, the Statement of change
in Equity and the Cash Flow Statement for the year then ended and notes to the
Financial Statements, including a summary of material accounting policies and
other explanatory information.

In our opinion and to the best of our information and according to the explanations
given to us, the aforesaid Financial Statements give the information required by
the Companies Act, 2013, as amended (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 the Companies Rules 2015, and other
accounting principles generally accepted in India, of the state of affairs of the
Company as at 31st March 2025, its Profit, change 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 Companies Act, 2013. Our responsibilities
under those Standards are further described in the Auditor’s Responsibilities for the
Audit of the 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 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 financial
statements.

Key Audit Matters

Key audit matters are those matters that, in our professional judgement, were of most
significance in our audit of the financial statements of the current year. These matters
were addressed, in the context of our audit of the financial statement 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 other information. The other
information obtained at the date of this auditor’s report is other information included in
Board of Directors Annual Report including Annexures to such report but does not
include the 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 Financial Statements, our responsibility is to read the other information and, in
doing so, consider whether the other information is materially inconsistent with the
Financial Statements or our knowledge obtained in the audit, or otherwise appears to
be materially misstated. If, based on the work we have performed on the other
information obtained prior to the date of this auditor’s report, 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.

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 Act with respect to the preparation of these Financial Statements that give
a true and fair view of the financial position, financial performance, change in equity
and cash flows of the Company in accordance with and other accounting principles
generally accepted in India, including the accounting standards 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 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
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 Financial Statements that give a true and fair view and are free from material
misstatement, whether due to fraud or error.

In preparing the Financial Statements, management is 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 management 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 Financial Statements

Our objectives are to obtain reasonable assurance about whether the 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 Financial Statements.

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, the Statement of
change in Equity and the Cash Flow Statement dealt with by this Report
are in agreement with the relevant books of account.

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

e) On the basis of the written representations received from the directors as
on 31^st March 2025 taken on record by the Board of Directors, none of the
directors is disqualified as on 31^st 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 A”.

g) 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 read with Schedule V of the Act.

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, 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
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; and

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

iv. (a) The Management has represented that, to the best of its 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 to or in any other person or entity, including
foreign entity (“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;

(b) The Management has represented, that, to the best of its 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, 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;

(c) Based on the audit procedures that have been 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 Rule 11(e), as provided under (a) and (b)
above, contain any material misstatement.

(d) The company has not declared or paid any dividend during the year
and has not proposed final dividend for the year.

i) Based on our examination which included test checks, the Company has
used accounting software for maintaining its books of account which
does not has a feature of recording audit trail (edit log) facility.

For Kushal S. Poonia & Co.

Chartered Accountants

Firm registration number - 156576W

Sd/-

Kushal Singh Poonia

Proprietor

Membership number: 605377

Place: Mumbai

Date: 17-06-2025

UDIN: 25605377BMKXVE9388