City Pulse Multiplex Ltd Directors Report

To,

The Members,

City Pulse Multiventures Limited.

Your Directors have pleasure in presenting the 25th Directors Report on the business and operations together with theAudited Financial Statements for the year ended on March 31, 2025. The performance of the Company for the year ended on March 31, 2025 is summarized below:

1. FINANCIAL PERFORMANCE

The Financial Results of the Company for the year are as under:

(in Lakhs)

Particulars	Financial Year 2024-25	Financial Year 2023-24
Revenue from Operations	281.31	114.90
Other Income	0	0
Total Revenue	281.31	114.90
Purchase of Stock -in-Trade	25.87	5.57
Employee Benefit Expenses	12.80	13.08
Depreciation and amortization Expenses	33.45	29.70
Other Expenses	55.78	51.79
Total Expenses	127.89	100.14
Profit/ (loss) before tax	153.42	14.76
Tax Expenses	18.98	0
Profit for the year	134.44	14.76

2. DIVIDEND

The Company sees favourable market conditions and growth prospects in years to come. Looking to the current Financial Position of the Company, the Board has recommended not to declare any Dividend for the current year and primarily create sufficient buffer to tackle any future situation.

3. REVIEW OF OPERATIONS AND STATEMENT OF COMPANYS AFFAIRS:

During the year under review, Your Company has achieved a turnover of INR 281.31 Lakhs. Your Company has a Net Profit of INR 134.44 Lakhs as against the profit of INR14.76 Lakhs in the previous year.

4. CHANGE IN THE NATURE OF BUSINESS:

There were no changes in the nature of business of the Company during the financial year.

5. SHARE CAPITAL:

During the period under review, the Authorized Share Capital of the Company is INR 11,00,00,000 (Indian Rupees ElevenLakh Only) divided into 1,10,00,000 Shares of INR 10 each. On 31st March, 2025, the paid-up equity share capital stoodat INR 10,66,40,330 (Indian Rupees Ten Crore Sixty-six Lakh Forty Thousand Three Hundred and Thirty Only) dividedinto 106,64,033 equity shares of INR 10 each.

6. AMOUNTS TO BE CARRIED TO ANY RESERVES:

The Board has proposed no amount to be transfer to reserve as there is no profit in the Company.

7. DIRECTORS AND KEY MANAGERIAL PERSONNEL:

During the year under review no changes took place in the Board of Directors and Key Managerial Persons.

8. SECRETARIAL STANDARDS:

The Directors state that applicable Secretarial Standards i.e. SS-1 and SS-2, relating to Meetings of the Board of Directorsand General Meetings, respectively, have been duly complied with by the Company for the Financial Year 2024-2025.

9. MATERIAL CHANGES AND COMMITMENTS:

There are no other material changes and commitments that have occurred between the end of financial year of thecompany and the date of this report affecting the financial position of the company as on 31st March, 2025.

10. SUBSIDIARIES. JOINT VENTURE AND ASSOCIATE COMPANIES:

As on March 31, 2025, The Company has subsidiary. A list of subsidiaries of your Company is provided as part of the notes to the consolidated financial statements. there is not joint venture and associates company during the year.

11. ENERGY CONSERVATION, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO

The information on conservation of energy, technology absorption and foreign exchange earnings and outgo stipulatedunder Section 134(3) (m) of the Companies Act, 2013 read with Rule, 8 of The Companies (Accounts) Rules, 2014, is annexed herewith as “Annexure - I”.

12. PARTICULARS OF CONTRACTS OR ARRANGEMENTS MADE WITH RELATED PARTIES

During the year, there were some transactions entered with related parties referred to in Section 188(1) of the CompaniesAct, 2013 read with Rule 8(2) of Companies (Accounts) Rules, 2014. Form AOC-2 has been annexed to the Report as Annexure-II.

13. STATEMENT SHOWING THE NAMES OF THE TOP TEN EMPLOYEES IN TERMS OF REMUNERATION DRAWN AND THE NAME OF EVERY EMPLOYEE AS PER RULE 5(2) & (3) OF THE COMPANIES (APPOINTMENT & REMUNERATION) RULES, 2014:

Disclosure pertaining to remuneration and other details as required under Section 197 of the Companies Act, 2013 readwith rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is given in “Annexure-IH” to this Report.

The Statement containing the particulars of employees as required under section 197(12) of the Companies Act, 2013 readwith rule 5(2) and other applicable rules (if any) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, is provided in a separate annexure forming part of this report.

As per the provisions of Section 136(1) of the Companies Act, 2013, the Annual Report and the Accounts are being sent toall the members of the Company, excluding the information required under Section 197(12) of the Companies Act, 2013read with Rule 5(2) and 5(3) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. Any member interested in obtaining such information may write to the Company Secretary at the Registered Office. The saidinformation is also available for inspection at the Registered Office during working hours up to the date of the ensuing Annual General Meeting.

14. AUDITORS

1. Statutory Auditors

The Statutory Auditors of the Company, M/s Rajendra J. Shah & Co., Chartered Accountant, having firm Registration No. 108369W be and is hereby appointed as the Statutory Auditor of the company for a term of 5 years in place of retiring Auditor S. D. Mehta & Co., Chartered Accountants to hold office from the conclusion of the 25th Annual General Meeting till the conclusion of 30th Annual General Meeting of the Company to be held in the calendar year 2030.

Further, the board of directors has approved the appointment of Statutory Auditors M/s Rajendra J. Shah & Co., Chartered Accountants having FRN: 108369W for further 5 consecutive years commencing from 25th AGM to 30th AGM subject to the approval of shareholder in ensuring annual general meeting.

Independent Auditors Report does not contain any qualification, reservation or adverse remarks. All Observations madein the Independent Auditors Report and Notes forming part of the Financial Statements are self-explanatory and do notcall for any further comments and also, there is no incident of fraud requiring reporting by the auditors under section 143(12) of the Companies Act, 2013 during the year. The Standalone Auditors report and Consolidated Audit report are enclosed with the financial statements in this Auditors Report.

2. Cost Auditors

The Company has not appointed the Cost Auditor as pursuant to Section 148 of the Companies Act, 2013 read with the Companies (Cost Records and Audit) Amendment Rules, 2014, the cost audit is not applicable to the Company.

3. Secretarial Auditors

Pursuant to the provisions of Section 204 of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company had appointed Payal Dhamecha & Associates Practicing Company Secretaries FRN: S2020GJ735800, Ahmedabad to undertake the Secretarial Audit of the Company for the financial year 2024-25. The Report of the Secretarial Audit is annexed here with as "Annexure-IV".

Further, the board of directors has approved the appointment of Secretarial Auditors, M/s. Payal Dhamecha & Associates Practicing Company Secretaries FRN: S2020GJ735800, Ahmedabad for 5 consecutive years commencing from FY 2025-26 to 2029-30 subject to the approval of shareholder in ensuring annual general meeting.

During the Period under review,

The Secretarial Audit Report for the financial year ended 31st March, 2025 contains Following qualification:

(a) Company has not appointed Company secretary in due time period and BSE fines charged for the same for non- appointment of CS.

(b) Company has late complied for Reconciliation of Share capital Audit report for Quarter ended on 30th June, 2024 and Statement of Investor Complaints for Quarter ended on 30th June, 2024.

Management Comment:- the company has taken the necessary step to comply the same.

Internal Auditor:

The Board has re-appointed M/s. Parag Patel & Company., Chartered Accountants Ahmedabad as Internal Auditors of the Company for the Financial Year 2024-2025. The required consent to act as the Internal Auditors of the Company for the Financial Year 2025-2026 has been received by the Company from the said Internal Auditors, on terms & conditions as mutually agreed upon between the Internal Auditors and the Board / management of the Company.

15. LISTING OF SECURITIES:

The Company is listed on the BSE Limited and is regular in paying the annual listing fee to the stock exchange.

16. MEETINGS OF THE BOARD AND OTHER COMMITTEES:

Meeting of the Board

During the year, the Board of Directors met 07 times during the financial year 2024-25. (i) 14th May, 2024 (ii) 08th August, 2024, (iii) 20th August, 2024, (iv) 16th September,2024, (v) 13th November, 2024, (vi) 13th February, 2025, (vii) 12th March, 2025.

Attendance at the meetings of the Board and at the last Annual General Meeting was as follows:

Name of the Director	Category	No. of meetings held	No. of meeting attended	Last AGM attendance (Yes/ No)
Mr. Arpitkumar Rajnikant Mehta	Managing Director	7	7	Yes
Ms. Rajalben Arpit Mehta	Executive Director	7	7	Yes
Mr. Hitendra Nareshkumar Kanodia	Independent Director	7	7	Yes
Ms. Manasvi Manu Thapar	Independent Director	7	7	Yes
Mr. Luv Arpit Mehta	Executive Director	7	7	Yes
Mr. Smit Dinkarbhai Barot	Independent Director	7	7	Yes
Mr. Sirishbhai Patel	Executive Director	7	7	Yes
Mr. Kush Arpit Mehta	Executive Director	7	7	Yes

Board Committee

The following Committees constituted by the Board function according to their respective roles and defined scope:

Audit Committee:

The Audit Committee of the Company is constituted in line with the provisions of Section 177 of the Companies Act, 2013.

The Audit Committee is constituted in line to monitor and provide effective supervision of the managements financial reporting process, to ensure accurate and timely disclosures, with the highest level of transparency, integrity, and quality of Financial Reporting.:

Sr. No.	Name of Director	Designation	Attendance in Committee Meeting
01	Mr. Smit Dinkarbhai Barot	Chairman	04
02	Ms. Manasvi Manu Thapar	Member	04
03	Mr. Hitendra Nareshkumar Kanodia	Member	04

During the Financial Year under review 04 (four) meetings of the Members of Audit Committee wereheld.

The dates on which the said meetings were held:

• 14th May, 2024,

• 08th August, 2024,

• 13th November, 2 02 4,

• 13th February, 2025,

Nomination & Remuneration Committee:

The Nomination and Remuneration Committee of the Company is constituted within the provisions of Section 178 of the Companies Act, 2013. The Nomination and Remuneration Committee recommends the appointment of Directors and remuneration of such Directors.

The level and structure of appointment and remuneration of all Key Managerial personnel and Senior Management Personnel of the Company, as per the Remuneration Policy, is also overseen by this Committee.

Sr. No.	Name of Director	Designation	Attendance in Committee Meeting
01	Mr. Hitendra Nareshkumar Kanodia	Chairman	01	01
02	Ms. Manasvi Manu Thapar	Member	01	01
03	Mr. Smit Dinkarbhai Barot	Member	01	01

During the Financial Year under review 01 (One) meetings of the Members of Nomination and Remuneration Committee were held.

The dates on which the said meetings were held:

• 20th August, 2 024,

Stakeholders Relationship Committee:

The Company has a Stakeholder Relationship Committee of Directors in compliance with provisions of the Companies Act,2013 to look into the redressal of complaints of investors such as transfer or credit of shares, non-receipt of dividend/ notices / annual reports, etc.

Sr. No.	Name of Director	Designation	Attendance in Committee Meeting
01	Mr. Hitendra Nareshkumar Kanodia	Chairman	04	04
02	Ms. Manasvi Manu Thapar	Member	04	04
03	Mr. Smit Dinkarbhai Barot	Member	04	04

During the Financial Year under review 04 (Four) meetings of the Members of Stakeholders Relationship Committee were held.

The dates on which the said meetings were held:

• 14th May, 2024,

• 08th August, 2024,

• 13th November, 2 02 4,

• 13th February, 2025.

17. INDEPENDENT DIRECTORS

The Company has Independent Directors as per The Companies Act, 2013 and SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015.

The independent Directors meet without the presence of Non- Independent Directors. These meetings are formal and enable the Independent Directors to interact and discuss matters including review of performance of the Non- Independent Directors and the Board as a whole, review the performance of the Chairman of the Company, taking into account views of Executive/ Non- Executive Directors and assessing the quality, quantity and timeliness of flow of information between the Companys management and the Board that is necessary for the Board to effectively and reasonably perform their duties.

The Meeting of Independent Director was held on 12th March, 2025 and all the Independent Directors of the Company were present at the Meeting.

The Composition of Independent Director is as follows:

S No.	Name of Director	Designation
1.	Ms. Manasvi Manu Thapar	Chairman
2.	Mr. Hitendra Nareshkumar Kanodia	Member
3.	Mr. Smit Dinkarbhai Barot	Member

18. DECLARATION BY INDEPENDENT DIRECTORS:

The Company has received declaration from independent directors of the Company confirming that they meet the criteriaof independence as prescribed both under the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.

19. POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION

The current policy is to have an appropriate combination of executive and independent directors to maintain the independence of the Board. As on 31st March 2025, the Board consisted of 8 members, one of whom was Managing Director, four were executive directors and three were independent directors. The Board will annually evaluate the need for change in its composition and size. The policy of the Company on directors appointment and remuneration, includingcriteria for determining qualifications, positive attributes, independence of a director and other matters provided under Section 178(3) of the Companies Act, 2013, adopted by the Board. The remuneration paid to the directors is as per the terms laid out in the Nomination and Remuneration policy of the Company.

20. BOARD EVALUATION

Pursuant to the provisions of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015, Independent Directors at their meeting held on 12th March, 2025 without the participation of the Non-independent Directors and Management, considered/evaluated the Boards performance, Performance of the Chairman and other Non-independent Directors. SEBI (LODR) Regulations, 2015 mandates that the Board shall monitor and review the Board evaluation framework. The Companies Act, 2013 states that a formal annual evaluation needs to be made by the Board of its own performance and that of its committees and individual directors. The Schedule IV of the Companies Act, 2013 states that the performanceevaluation of independent directors shall be done by the Board of Directors, excluding the director being evaluated. Theevaluation of all the directors and the Board as a whole was conducted based on the criteria and framework adopted bythe Board.

21. RISK MANAGEMENT

The Board takes responsibility for the overall process of risk management throughout the organization. Through an Enterprise Risk Management programme, our business units and corporate functions address risks through an institutionalized approach aligned to our objectives. This is facilitated by corporate finance. The Business risk is managed through cross-functional involvement and communication across businesses. The results of the risk assessment are presented to the senior management.

22. PUBLIC DEPOSITS

The Company has not accepted deposits from public as envisaged under Sections 73 to 76 of Companies Act, 2013 readwith Companies (Acceptance of Deposits) Rules, 2014 during the year under review.

23. PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS MADE U/S 186 OF THE COMPANIES ACT, 2013:

Particulars of loan given, investment made, guarantees given and security provided under Section 186 of the CompaniesAct, 2013, if any, are provided in the notes of financial statement.

24. INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY:

According to Section 134(5) (e) of the Companies Act, 2013, the term “Internal Financial Control (IFC)” means the policiesand procedures adopted by the Company for ensuring the orderly and efficient conduct of its business, including adherence to the companys policies, safeguarding of its assets, prevention and detection of frauds and errors, accuracy and completeness of the accounting records and timely preparation of reliable financial information. The company has a well- placed, proper and adequate Internal Financial Control System which ensures that all the assets are safeguarded and protected and that the transactions are authorized recorded and reported correctly. To further strengthen the internal control process, the company has developed the very comprehensive compliance management tool to drill down the responsibility of the compliance from the top management to executive level.

The compliance relating to Internal Financial controls have been duly certified by the statutory auditors.

25. CORPORATE SOCIAL RESPONSIBILITY:

Provisions of Corporate Social Responsibility are not applicable on the Company. Therefore, Company has not developedand implemented any Corporate Social Responsibility Initiatives as provisions of Section 135(1) of the Companies Act, 2013 read with Companies (Corporate Social Responsibility Policy) Rules, 2014.

26. CORPORATE GOVERNANCE:

Provisions of Para C, D and E of Schedule V of the SEBI (Listing Obligations and Disclosures Requirements) Regulations,2015 are not applicable to your Company. Hence, report on Corporate Governance is not annexed.

27. HUMAN RESOURCES:

The Management has a healthy relationship with the officers and the Employee.

28. VIGIL MECHANISM /WHISTLE BLOWER POLICY:

Pursuant to Section 177(9) and (10) of the Companies Act, 2013, and Regulation 22 of the SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015, the Company has formulated Whistle Blower Policy for vigil mechanism of Directors and employees to report to the management about the unethical behaviour, fraud or violation of Companys code of conduct. The mechanism provides for adequate safeguards against victimization of employees and Directors whouse such mechanism and makes provision for direct access to the chairman of the Audit Committee in exceptional cases.

29. DETAILS OF SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS OR TRIBUNALS IMPACTING THE GOING CONCERN STATUS AND COMPANYS OPERATIONS IN FUTURE:

During the period under review no material orders have been passed by the regulators or courts or tribunals impacting thegoing concern status and companys operations in future 2025.

30. DIRECTORS RESPONSIBILITY STATEMENT

To the best of their knowledge and belief and according to the information and explanations obtained by them, your Directors make the following statements in terms of Section 134(3) (c) of the Companies Act, 2013:

1. that in the preparation of the annual financial statements for the year ended March 31, 2025, the applicable accounting standards have been followed along with proper explanation relating to material departures, if any;

2. that such accounting policies as mentioned in the Notes to the Financial Statements have been selected and applied consistently and judgments and estimates have been made that are reasonable and prudent so as to give a true andfair view of the state of affairs of the Company as at March 31, 2025 and of the profit of the Company for the year ended on that date;

3. that proper and sufficient care has been taken for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

4. that the annual financial statements have been prepared on a going concern basis;

5. that proper internal financial controls were in place and that the financial controls were adequate and were operating effectively.

6. that systems to ensure compliance with the provisions of all applicable laws were in place and were adequate and operating effectively.

31. POLICY ON PREVENTION OF SEXUAL HARASSMENT

The Company has in place a Prevention of Sexual Harassment Policy in line with the requirements of the Sexual Harassment of Women at the Workplace (Prevention, Prohibition and Redressal) Act, 2013. An Internal Complaints Committee has been set up to redress complaints received regarding sexual harassment. All employees of the Company are covered under this policy.

During the year 2024-25, no complaints were received by the Company related to sexual harassment.

32. FAMILIARIZATION PROGRAMME FOR INDEPENDENT DIRECTORS

The Company keeps its Directors informed of the activities of the Company, its management and operations and providesan overall industry perspective as well as issues being faced by the industry in a proactive manner. The details of various familiarization programs provided to the Directors of the Company is available on the Companys website on www.wowplex.live .

33. EXTRACT OF THE ANNUAL RETURN:

The extract of annual return under Section 92(3) of the Companies Act, 2013 and Rule 12 of the Companies (Managementand Administration) Rules, 2014 is available on the website of the Company at www.wowplex.live

34. MANAGEMENT DISCUSSION AND ANALYSIS REPORT:

The Managements Discussion and Analysis Report for the year under review, as stipulated under regulation 34 (3) and Part B of schedule V of the SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015 is annexed to this Annual Report as “Annexure - V”.

35. CODE OF CONDUCT:

Commitment to ethical professional conduct is a must for every employee, including Board Members and Senior Management Personnel of the Company. The Code is intended to serve as a basis for ethical decision-making in conductof professional work. The Code of Conduct enjoins that each individual in the organization must know and respect existinglaws, accept and provide appropriate professional views, and be upright in his conduct and observe corporate discipline.The duties of Directors including duties as an Independent Director as laid down in the Companies Act, 2013 also forms part of the Code of Conduct. All Board Members and Senior Management Personnel affirm compliance with the Code ofConduct annually.

36. DETAILS OF APPLICATION MADE OR ANY PROCEEDINGS PENDING UNDER THE INSOLVENCY AND BANKRUPTCY CODE, 2016 DURING THE YEAR ALONGWITH THEIR STATUS AS AT THE END OF THE FINANCIAL YEAR:

During the reporting period, no application made or any proceeding is pending under the Insolvency and Bankruptcy Code, 2016 (31 of 2016).

37. PREVENTION OF INSIDER TRADING:

The Company has a Code of Conduct for Prevention of Insider Trading with a view to regulate trading in securities by theDirectors and certain designated employees of the Company. The Code requires pre-clearance for dealing in the Companys shares and prohibits the purchase or sale of Company shares by the Directors and designated employees while in possession of unpublished price sensitive information in relation to the Company and during the period when the trading window is closed. The Board is responsible for implementation of the Code. All Board Directors and the designated employees have confirmed compliance with the Code.

38. WEBSITE OF THE COMPANY:

Your Company maintains a website www.wowcinepulse.com where detailed information of the Company and specified details in terms of the Companies Act, 2013 and SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 have been provided.

39. ACKNOWLEDGEMENTS

The Board of Director express their sincere thanks and wishes to place on record its deep appreciation for the continuedsupport, confidence and co-operation that the company has received from Production Houses, Media, Film Makers, customers, suppliers, investors, bankers, government agencies and other associates.

Your Directors also place on record their deep appreciation of the employees for the valued and continuous support at all levels for theirservices and commitment during the year.

On behalf of Board of
City Pulse Multiventures Limited
(Formerly knows as City Pulse Multiplex Ltd)
Sd	Sd
Arpitkumar Rajnikant Mehta	Kush Arpit Mehta
Managing Director	Director
DIN:00213945	DIN:09120698
Date: 03/09/2025	Date: 03/09 / 2 0 2 5
Place: Ahmedabad	Place: Ahmedabad