Optimystix Entertainment India Ltd Auditor Reports

Examination Report for the Restated Consolidated Financial Statements of

Optimystix Entertainment India Limited

Examination Report on the Restated Statement of Assets and Liabilities as on March 31, 2026, March 31, 2025 and March 31, 2024, Restated Statement of Profit and Loss and Restated Cash Flow Statement for the year ended on March 31, 2026, March 31, 2025 and March 31, 2024 of "Optimystix Entertainment India Limited" (collectively, the "Restated Consolidate Summary Statements")

To,

The Board of Directors of

Optimystix Entertainment India Limited

Bunglow No. 21, SVP Nagar,

Janki Devi Public School Road,

Near Versova Telephone Exchange, Andheri West

Mumbai – 400053, Mumbai, Maharashtra

DearS ir,

Reference: -Proposed Public Issue of Equity Shares ofOptimystix Entertainment India Limited

We have examined the attached Restated Consolidated Financial Statement of Optimystix Entertainment India Limited (hereunder referred to "the Company", "Issuer") comprising the Restated Statement of Assets and Liabilities as on March 31, 2026, March 31, 2025 and March 31, 2024, the Restated Statement of Profit & Loss, the Restated Cash Flow Statement for the year ended March 31, 2026, March 31, 2025 and March 31, 2024, the statement of Significant Accounting Policies and other explanatory Information (Collectively the Restated Consolidated Financial Statement ) as approved by the Boardof Directors in their meeting held on July 21, 2026 for the purpose of inclusion in the Offer Document in connection with its proposed Initial Public Offering (IPO) of equity shares, prepared by the Company in connection with its Initial Public Offer of Equity Shares (IPO)p reparedin te rms oft he requirementof :-

a) Section 26of P art Io f Chapter III oft he Companies A ct, 2013 as amended (the "Act");

b) The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018 as amended ("ICDR Regulations");a nd

c) The Guidance Note on Reports in Company Prospectuses (Revised 2020) issued by the Institute of CharteredAccoun tants of India as amendedfr om time to time.(" The Guidance Note")

The holding Companys Board of Directors are responsible for the preparation of the Restated Consolidated Financial Statement for the purpose of inclusion in the offer document to be filed with Stock Exchange, Securities and Exchange Board of India, and Registrar of Companies, of relevant state in connection with the proposed IPO. The Restated Consolidated Financial Statements have been prepared by the management of the holding Company for the year ended March 31, 2026, March 31, 2025 and March 31, 2024, on the basis of notes to restatement in note IV to the Restated Consolidated Financial Statement. The Board of Directors responsibility includes designing, implementing, and maintaining adequate internal control relevant to the preparation and presentationof the R estatedCons olidated Financial Statement.

We haveex amined such Restated ConsolidatedFi nancialS tatement taking into consideration:

a) The terms of reference and terms of our engagement agreed upon with you in accordance with our engagement letter in connection witht he proposed IPO of equity shares of the Company;

b) The Guidance Note also requires that we comply with the ethical requirement of the Code of Ethics issued by the ICAI;

c) Concepts of test checks and materiality to obtain reasonable assurance based on verification of evidence supporting the Restated Consolidated FinancialS tatements;a nd

d) The requirements of Section 26 of the Act and the ICDR Regulations. Our work was performed solely to assist you in meeting your responsibilities in relation to your compliance with the Act, the ICDR Regulations and the Guidance Note inconnec tion with the IPO.

This RestatedC onsolidated Financial Statements have been compiled by them anagement from:

a) Audited Consolidated Financial Statements of the company as at and for the year ended March 31, 2026, March 31, 2025 and March 31, 2024, prepared in accordance with the Accounting Standards as prescribed under Section 133 of the Act, read with Rule 7 of the Companies (Accounts)Rules,2 014, as amended, and other accounting principles generally accepted in India which have been approved by the Board of Directors at their meetings held on July21 , 2026.

During the period of restatement Company had invested in following subsidiaries.

Parent Company shareholding details are given below-:

Name of the Subsidiary	FY 2025-26	FY 2024-25	FY 2023-24
Optimystix Digital Private Limited (Formerly Known as "Box and Beyond Entertainment Pvt. Ltd.)	76%	100%	50%
Optimystix Films Private Limited	76%	100%	100%
The Easternway Films LLP	51%	51%	51%

For the purpose fore xamination, we havere liedon:

a) The Restated Consolidated Financial Statement have been made after incorporating adjustments for prior period and other material amounts in the respectivef inancialy earto w hich they relate;

b) Extra-ordinary items that need to be disclosed separately in the accounts has been disclosed wherever required;

c) Profits and losses have been arrived at after charging all expenses including depreciation and after making such adjustments/restatements and regroupings as in our opinion are appropriate and are to be read in accordance with the Significant Accounting Polices and Notes to Accounts as set out in Annexure IV to this report;

d) Adjustments in Restated Consolidated Financial Statement have been made in accordance with the correct accounting policies,

e) There are no revaluation reserves, which need to be disclosed separately in the Restated Consolidated Financial Statement.

In accordance with the requirements of Part I of Chapter III of Act including rules made there under, ICDR Regulations,G uidance Note and Engagement Letter, we report that-

a) The "Restated Consolidated Statement of Assets and Liabilities" as set out in Annexure I to this report of the Company as at March 31, 2026, March 31, 2025 and March 31, 2024 is prepared by the Company and approved by the Board of Directors. These Restated Consolidated Statement of Assets and Liabilities, have been arrived at after making such adjustments and regroupings to the individual financial statements of the Company, as in our opinion were appropriate and more fully described in Significant Accounting Policiesand N otesto Accountsas set o ut in Annexure IV to this Report.

b) The "Restated Consolidated Statement of Profit and Loss" as set out inA nnexure II to this report, of the Company for the financial years ended March 31, 2026, March 31, 2025, and March 31, 2024, is prepared by the Company and approved by the Board of Directors. These Restated Consolidated Statement of Profit and Loss have been arrived at after making such adjustments and regroupings to the individual financial statements of the Company, as in our opinion were appropriate and more fully described in Significant Accounting Policies and Notes to Accounts as set out in Annexure IV to this Report.

c) The "Restated Consolidated Statement of Cash Flow" as set out in Annexure III to this report, of the Company for the financial years ended March 31, 2026, March 31,2025, and March 31, 2024, is prepared by the Company and approved by the Board of Directors. These Statement of Cash Flow, as restated have been arrived at after making such adjustments and regroupings to the individual financial statements of the Company, as in our opinion were appropriate and more fully described in Significant Accounting Policies and Notes to Accounts as set out in Annexure IV to this Report.

We have also examined the following other financial information relating to the Company prepared by the Management and as approved by the Board of Directors of the Company and annexed to this report relating to the Company for the financial years ended March 31, 2026, March 31, 2025, and March 31, 2024, proposed to be included in the Offer Document for the proposed IPO.

Particulars	Note No. & Annexure No.
Restated Share Capital	2.1 Annexure V
Restated Reserves & Surplus	2.2 Annexure VI
Restated Minority Interest	2.3 Annexure VII
Restated Long-term borrowings	2.4 Annexure VIII
Restated Long-term Provision	2.5 Annexure IX
Restated Short-term borrowings	2.6 Annexure X
Restated Trade payables	2.7 Annexure XI
Restated Other current liabilities	2.8 Annexure XII
Restated Short-term provisions	2.9 Annexure XIII
Restated Property, Plant and Equipment and Intangible assets	2.10 Annexure XIV
Restated Non-current investment	2.11 Annexure XV
Restated Deferred tax assets (net)	2.12 Annexure XVI
Restated Long term loans & advances	2.13 Annexure XVII
Restated Other Non-Current Assets	2.14 Annexure XVIII
Restated Inventories	2.15 Annexure XIX
Restated Trade receivables	2.16 Annexure XX
Restated Cash and cash equivalents	2.17 Annexure XXI
Restated Short-term loans and advances	2.18 Annexure XXII
Restated Other Current Assets	2.19 Annexure XXIII
Restated Revenue from operations	2.20 Annexure XXIV
Restated Other Income	2.21 Annexure XXV
Restated Operating Expenses / Cost of Production	2.22 Annexure XXVI
Restated Change in inventory	2.23 Annexure XXVII
Restated Employee benefit expense	2.24 Annexure XXVIII
Restated Financial costs	2.25 Annexure XXIX
Restated Depreciation and amortization expenses	2.26 Annexure XXX
Restated Administrative and Other Expenses	2.27 Annexure XXXI
Restated Restated Earnings Per Share	2.28 Annexure XXXIV

We have not audited or reviewed the financial statements of the Company for any date or period subsequent to March 31, 2026. Accordingly, we do not express any opinion or provide any assurance on the financial position, results of operations, cash flows, and changes in equity of the Company as of any date or for any period after March 31, 2026.

We, B D G & Co LLP, Chartered Accountants have been subjected to the peer review process of the Institute of Chartered Accountants of India (ICAI) and our peer Review Certificate is valid as on the date of signing of this report.

The preparation and presentation of the Financial Statements referred to above are based on the Audited financial statements of the Company and are in accordance with the provisions of the Act and ICDR Regulations. The Financial Statements and information referred to above is the responsibility of the management of the Company.

The report should not in any way be construed as a re-issuance or re-dating of any of the previous audit reports issued by any other Firm ofCha rtered Accountantsnor sho uldthis report be construed asa new opinion on any of the financial statements referred toth erein.

We have no responsibility to update our report for e vent sand circumstances occurring after the date of t he report.

In our opinion, the above Consolidated Financial Statements read with the respective Significant Accounting Polices and Notes to Accounts asset out are prepared after making adjustments and regrouping as considered appropriate and have been prepared in accordance with the Companies Act, ICDR Regulations, Engagement Letterand Gu idance Note issuedby ICA I.

Our report is intended solely for use of the management and for inclusion in the Offer Document in connection with the Proposed SME IPO of Equity Shares of the Company and our report should not be used, referred to or Distributed for any other purpose without our prior consent in writing. Accordingly, we do not accept or assume any liability or any duty ofcare for any other purposeor to any other person to whom this report is shown or into whoseh ands it may come without ourp riorco nsenti nw riting.

For B D G & Co. LLP

Chartered Accountants

ICAI Firm Registration Number: 119739W/W100900

Sd/-

per Nikhil Rathod

Partner

Membership Number: 161220

UDIN: 26161220MIJGFC5875

Place of Signature: Mumbai

Date: July 21, 2026