Audited Financial Results Quarter and Year ended 31st March 2025

danish Pandey & Associates Chartered Accountants

B-102, First Floor, Sector-G, Noiila (U.P.)

To

The Board or Directors

61/s MAGNU6l VENTURES LIMITED

TNJ E EN T

FORANC A R LT N HE RE T

BR AT N THOE T N

R G AT ONS 201 ED

NRDE R R M NT

We have audited the accompanying standalone quarterly and year to date financial results ('the statement') of MAGNUM VENTURES LIMITED (the 'Company') for the quarter ended March 31, 2025 and year to date results for the period from April 1, 2024 to March 31, 2025, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 and

52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”).

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 (“Act”) in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at 31 March 2025, and its profit and other comprehensive income, changes in equity and its cash bows for the year ended on that date.

Ba is f O

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Act. Our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Statements section of our report. We are independent of the Company in accordance with the Code or Eihics issued by the

Institute of Chartered Accountants of India 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 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 standa iai

statements. p

hey Audit M,atters

hey audit matters 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. We have determined that the matter described below to be the key audit matter to be communicated in our report.

1. We refer to the note number 13 of the financial statements, the company has issued listed, secured, redeemable, non-convertible debentures of Rs. 3000 lacs on private placement basis.

Emphasis of Matter

1. Balance of Debtors, Creditors & Advances as at March 31, 2025 are subject to confirmation and reconciliation consequential effect (ir any) on the financial statement remains unascertained.

2. The inventory has been physically verified by the management and it being a technical matter we are unable to comment upon the quantity, pricing and method being used for valuation of the inventory and have relied upon the value and quantity certified by the management.

3. We have observed that the company has made deposits amounting to Rs. 300.00 lakhs with Bank of Baroda. The company has informed that such payment has been made to cover the expenses to be incurred by Bank of Baroda in order to withdraw the cases filed by them against the company at various forums.

4. The Hon'ble Executive Director ('ED) of SEBI has passed an order dated May 31, 2023 (bearing No. QJA/SP/CFID/FlD-SEC4/2687S/2023-24) in the matter of M/s Magnum Ventures Limited and imposed penalty under section 15HA & 15HB of the SEBI Act, 1992 amounting to Rs. 12,00,000 on the company and collectively a penalty of Rs. 54,00,000 on directors and KMPs of the Company and restrained them rrom accessing the securities market and further prohibited from buying, selling or dealing in securities, either directly or indirectly, in any manner whatsoever, for a period of one year from the date of this Order. The provision of Rs. 12,00,000 has been made in the books of accounts.

   Subsequent to the said order, the Company has appealed before the Hon'ble Securities Appellate Tribunal, Mumbai ('Hon'b1e SAT’), however Hon'ble SAT vide its order dated luly 13, 2023 did not provide any interim relief to the company and directed the Company to deposit the penalty amount which shall be subject to the result of the appeal.

   We observe that the company had duly deposited the penalty amount in compliance to the order of Hon'ble SAT and the matter was listed for April 7, 2025 wherein the matter has further being adjourned to July 21, 202S.

5. Trade Receivables amounts to Rs. 5892.28 lal‹lis, out of which trade receivables amounting to Rs.

919.29 lakhs are outstanding for more than six months. The trade receivable of Rs. 46.04 lakhs

are outstanding ror more than six months, which are under litigation.

DEC d$

Our opinion is not modified in respect of the above emphasis.

Other Informajor

The Company's htanagenlent and Board of Directors are responsible for the other information. The other inborn ation comprises the information included in the Company's annual report, but does not incl ›rle the financial statements and auditor's report thereon.

Our opinion on the standalone financial statements does not cover the other i»rormation and i 'e 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 and, in doing so, consider whether the other inrormation is materially inconsistent is'ith the standalone financial statements or our knowledge obtained in the 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. Ve have nothing to report in this regard.

lana Statements

' and B f Dir ' Re nsibiliti ndal

The Company's management and Board of Directors are responsible for the matters stated in Section 134(5) of the Act with respect to the preparation or these standalone financial statements that give a true and fair view of the state of affairs, profit/ loss and other comprehensive income, changes in equity and cash flows 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.

The respective management and Board of Directors of the companies are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets or each 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.

1n preparing the standalone financial statements, the respective Management and Board of Directors are responsible for assessing the ability of each 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 or Directors are responsible for overseeing the financial reporting process of each company.

Auditor's Responsibility for tma i h o n orients

Our objectives are to obtain reasonable assurance about whether the standalo statements as a whole are free from material misstatement, whether due to frau

ial

to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assuriince, 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 accord0nce with SAs, we exercise professional judgment and maintain

professional skepticism through0Ut the audit. We also:

• Identify and assess the risks of materi£ll 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 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 with reference to financial statements 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 and Board of Directors.

• Conclude on the appropriateness of the Management and Board of Directors use of the going concern basis of accounting in preparation of standalone financial statements and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. lf 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, ir

such disclosures are inadequate, to modify our opinion. Our conclusions are based on the

a udit 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.

We communicate with those charged with governance of the Company and such other entity 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 ide

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 l‹ey 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.

Other Matter

(a) The statement includes the results for the quarter ended March 31, 2025 being the balancing figure between audited figures in respect of full financial year ended March 31, 2025 and the published unaudited year to date figures up to the third quarter of the current financial year, which were subject to a limited review by us (except the quarter ended on June 30, 2024) as required under the Listing Regulations.

For Manish Pandey and Associates

Chartered Access

rna. or no

NOID

CA Nisha Goverdhan Partner

MR!i.: 6ZS350

Place: Ghaziabad

Date: 26/05/20Z5

Tax Impact on Other Comprehensive Income Other Comprehensive Income for the period

(Net of Income Tax) Total Profit after Comprehensive Income for the period (IX + X)

Puid up Equity Shure Capital (Face Value Rs.

10/- per share)

9.72

529.71

6641.13

Earnin er e

Basic

(2] Diluted

slant’ :

0.82

0.82

1.31

2.74

1.45

5.04

(

MAGNUM VENTURES LIMITED

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH 2025

CASH FLOW FROM OPERAWONS

As It 3t-03-2025

Amount (In tzkhs) At at 3l•0l•t024

p} profit before Taxation

56.66

1. Ad|ustme^ts *°•

   1. Depreciation on Property, plant and Equipment and Intanaibies

   2. Depreciation on light to Use assets

      507.77

      a.063.02

      375.94

   3. interest eapense¥

vl Profit on Safe of fiaed Asset vi Other Non

19.56

7,699.72

4y4.29

-27.d5 4 J.06

cl Increase)/ Decrease In Current Assets i Inventories

Trada Receivables

598.32

lii Loans {Current)

rv Other Current Assets

1. Other Financial Asseu (Current)

2. Other financial Assets {Non•Current)

-g.sa

-2,03S.20

tz.as

zs.so

-2.371.57

•*2.23

increase / (Oecrease) in Current Llabilitei I Trade Payables

1. Provisions ( Current }

2. Provisions I Non-Current }

   vi Other Current Llabillty

   vii Ohet Finanrial liability

   Ca,figenc iedCromoperoUonl ln<>

   Effect of E•tca Ordinary Item

   N€T cxsn rRofvi 0rcxJrions

   sos.<

   27.6

   9355

   •2s2.j1

   st.e4

   46.82

   tos.s2

   •9l4.18

   •3,849.05

   sss.ea

   INVE $TING ACTIVITIES

   I Add‹tions to Capital work Tn pzograss ii Add tions la fiaed assete

   lix Sale of fixed esets

   lv Additions to ROU {Nelj

   v Interest Inrome

   •$,424.68

   •2.053.94

   27.48

   I issue of Share including securities premium {Net)

   Ji Prepayment of Preference lii issue of NCOs fNetl

3. Worra nt

4. Do ro •in$s {Net)

vl Interest Paid/Payable

nc7 casH mom rinaHnn0 amvincs

Net Change in cash and mesh equlvelents {A• B ° C)

•753.TO 65'4.69

•8.149.04

-349.78

•¥0.g0

-9,062.05

•777.50

•I$.069.t9

•d t4.29

1. eta.e6

   (March-2S/ Qty 24-25 (Oec-2024) |March-24) Qtr Year Ended Ae beer Ended

   Qtr

   at 31.03.2025

   As el 3t.03.2024

   	y,gg	2.51	2.33
   	18,6Z6	S8,784.GB	t9,357	t6,78S
   8,325	9,424	7,4 77	8,325	7,477
   0.25	0.22	0.23	0.25
   15,222	14,045	t4,90S.77	15,222	14,906
   	1,440	850	1,836	850
   t7,05B	15,485	15.756	t7,0S8	15,756
   	69,008	68,095		68,095
   1.00	247		$.p2	650

   1. Current Ratio Current tlebllftles

      202t-25

      2024-25

      20L24

   2. Debt-Equlty Ratlo

Total Debt

Long term Debt Short Term Debt

Shareholders fund

Sale

Average Inventory

Opening Inve Closing fnven

1. Trade Recelvable Turnover Ratlo Net Credit Sales

   Average Tr¥dr Receivable

   Opening T

2. Trade Payable Turnover Ratlo Net Credit Purchase

Average Trade Payable

pygttg y

Closing T.

Current Arsets Current Mabilitl*s

1. Net ProAt Ratios

   Net Prost after tax Dcfor• oci Net Sales

2. Return on Capital Employed

Less:

11

Earllrg Before Interest and Tax

Capital Employed

Total /sset

CLIFFel1t LlñhllltleS

Return on Investments

Company does not have any Investment

1. interest Service Coverage Ratlo Earning Before Interest and Tax

   Interest

   957

   1.16

   813

   4.25

   531

   0.99

   2,843

   5.33

   1,259

   729	701	125	2,874	236
   729	701	125	2.874	236
   1.38	1.53	].32	1.38	1.32
   15,222	14,045	14,906	1S,222	14,gO6
   19,357	18,626	18,7g5	19,3S7	18.755
   8,32S	9.424	7.477	8.32S	7,477
   11,032	9,202	11.308	11.032	11,305
   2.24	0.77	5.09	-0.24	0.72
   11,889	10,316	13,097	39,57S	46,0M
   267	79	667		330
   267	79	667	-94	330
   4.54	8.11	10	t.40	5.36
   11,889	10,316	13,097	39,S7S	46,064
   S39	837	1,343	9S0	2,470
   539	837	1.343	9S0	Z47O
   0.18	0.21	0.16	0.18	0.16
   8,32S	9,424	7,477	8,325	7,477
   8,32S	9,424	7,477	8.32S	7,477
   37,029	36,179	37,973	37.029	37,973
   45,354	45,603	45,450	45354	4S,4S0
   S2S.00	525.00	1,278	52S.00	1,277.50

2. Long Term Debt to Working Capital Long Term Debt

   Working Capital

   Current Assets Current Liability

3. Operatlng Profit Margin Net Sales

Net Profit before tax , Exceptional

Item and Other Income

25 Net Profit Margin

ilet Sales

Net Income

Net Income

1. Current Llablllty Ratio

   Current kiablllty

   Total Uabllitles

   Current Liability

   Non Current Liability

2. Outstanding Redeemable Preference

3. Outstanding Debt Excludlng Lease lla

   17,058.29

   15,484.90

   15,7S6

   17,058.29

   15,755.77

   0.82	1.31	2.74	1.45	5.04
   0.82	1.31	2.74	1.45	5.04

   25	Total debt to total assets ratio	0.15	0.14	0.14	0.15	0.14
   	Long term debt	15,222	14,045	14,906	15,222	14,906
   	Short term debt	1,836	1,440	850	1,836	850
   		17,058	15,485	15,756	17,058	15,756
   	Total Assets	114,892	114,611	113,544	114,892	113,544
   		124,892 I	114,611 I	113,544	114,892 |	113,544

   19

   Capital Redemption Reserve (Rs. In Lacs)

   20

   Debenture Redemption Reserve (Rs. In Lacs)

   21 Net Worth (Rs. In Lacs)

   20,936.61

   19,810.34

   15,375

   20,936.61

   15,374.84

   zz

   Net Pr0Fit after tax (Rs. In Lacs)

   539.43

   836.92

   1,343

   949.58

   2,470.26

   I

   23 Basic and Diluted Earnings per share (Rs. Per share)

   Basic EPS

   Diluted EPS

   24 Bad Debt to Account Receivable ratio

   Notes:

   1. ThIS statement has been prepared in accordance with the

      Standards) Rules, 2015 (IND AS) prescribed under Section

      and other recognised accounting

      Companies (Indian Accounting

      133 Of the Companies Act, 2013

   2. NH investors com

      practices and policies to the extent applicable.

      Com

   3. plaint

      was

      plaint WBS pending at the beginning of the q»rter, during the quarter no

      received, Nil Complaint was pending as on 31 March, 2025.

      Aftgr Review by the Audit Committee, the above Financial Results have been approved by

      the Board of Directorsat its meeting held on 26“ May, 2025.

   4. The Financiat results have been audited by the statutory auditors as required under regulation

      33 and 52 of SEB I (LODR) Regulations 2015. The statutory Auditors have issued unmodified

      0 inion on the financial results for the year ended March 3 I, 2024.

   5. The Company has issued and allotted 18% Listed Secured Non-convertible Debentures (NCD's) Tranche-l of INR 15 crores on 18‘ February, 2025 and Tranche-11 of INR 15 crores On 18 March, 2025 to NEO Special Credit Opportunities Fund.

   6. The Company has partially redeemed Non-convertible debentures amounting of Rs. 3.62 Crores, pursuant to the terms attached to such NCDs on 3 I st March, 2025.

   7. The Company has proposed issuance of Listed Secured Non-convertible Debentures (NCD's)

      of upto INR 400 crores in the board meeting held on 26t' May 2025.

   8. Exceptional items:

      Exceptional itefle	For the Year ended as on 31.03.2025	For the Year ended as on 31-03-2024
      Profit(Loss) on Sale of Assets Provision for BOB OTS GEnaiWngromresXcurnQcbsueoAARCLox	68.18	.5860D
      ToDl	68.18

   9. The financial results for the year ended 3 l " March, 2025 are available on the Company's website (https://www.magnumveniures.in) and the website of BSE (https://www.bseindia.com) and NSE (https://www.nseindia.com)

   10. The figures for the previous period have been regrouped/ rearranged wherever necessary. The

figures for the quarter ended 3 l “ March, 2025 are balancing figures between the audited figures of the full financial year and the limited reviewed year to date figures upto the third quarter of the financial year.

EPS for the Quarter are not annualised.

For Magnum Ventures Limited

Date: 26.05.2025

Place: Ghsziabnd

Abhay Jain

(Managing Director)

These financial statements do not contain âlse or m leading statement or figures and do not omit

any material fact which may make the state rés contained therein misleading.

For Magnum Ventures Limited

Date: 26.05.2025 Parv in

(Chief Financial Officer)

Magnum Ventures Limited

CIN: L21053DL1980PLC010492

Registered Office: Room No. 118, Flrst Floor, MGM Commercial Complex, 4634/1, Plot No. 19, Ansari Road, Darya Ganj, New Delhi-110002 Phone: +91-11-42420015

E-mall: Info@niagnumventures.In Website: https://www.maynumventures.in

Date: 26‘hMay, 2025

Ref: Scrip Code BSE:532896,975493

Dear Sirs,

Sub: Declaration ursuant to re ulations 33 Disclosure Requirements) Regulations, 2015

NSE: MAGNUM

and 52 of the SEBI Listin obli ations and

In compliance with the provisions of Regulation 33(3)(d) and Regulation 52(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we hereby declare that M/s Manish Pandey & Associates, Chartered Accountants (FRN-019807C), Statutory Auditors of our Company have issued an Audit Report with unmodified opinion on the Audited Financial Result (Standalone) of the Company for year ended March 31st, 2025.

You are requested to kindly take the same on record. Thanking You,

For MAGNUM VENTURES LIMITED

I

Parv Jai ,

Chief Financial Officer “”

Corporate ffiC0: I k/'4 I ii(I IV,Ilidlst i litI A reit, illliUii bitd, €, Iiitziitl›iId (}J.]’) 2UI(J1U

I'Ii: 0120-4 I’J’J20IJ

Manish Pandey & Associates

Chartered Accountants

B 102, First Floor, Sector -6, Noitla (U.P.)

Independent Auditors' Certificate

To,

The hoard of Directors

6Jagnuni Ventures Limited

Independent Auditor's Ccrtificalc on mnintcnancc o£ security cover and compliance with covenants as per terms of debenture trust decds for secured listed non-convertible debt securities as at March 31, 2025

This Certificate is issued as per request from the Magnum Ventures Limited -CIN No. L21093DL l980PLC0l0492 ("the Company") requesting us to certify whether the company has maintained security cover and has complied with all covenants as per respective debenture trust deeds of secured listed non-convertible debt securities outstanding as at March 31, 2025. The accompanying statement contains details of security cover for secured listed non-convertible debt securities issued by the Company as at March 31, 2025 ("lhe Statement"). The Certificate is issued to the Board of Directors of the Company as per the requireirient of Regulation 54 read with 56(l)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, ("the SEBI Regulations") for the purpose of submission to Stock Exchanges and Catalyst Trusteeship Limited ("the Debenture trustee") to ensure compliance with the SEBI Regulations and SEBI Circular reference SEBI/HO/MlRSD/MlRSD CRADT/CIR/P/2022/67 dated May 19, 2022 in respect of secured listed non-convertible debt securities issued by the Company vide various prospectus disclosure documents and outstanding as at March 31, 2025.

1. Management’ Responsibility

   The Management of the Company is responsible for the preparation of the accompanying statement containing details of security cover for secured listed non-convertible debt securities and ensuring compliances with all related covenants as per respective debenture trust deeds in respect of secured listed non-convertible debt securities. The Management is also responsible for ensuring the compliance of rules, regulations and circulars under the applicable laws including those prescribed by SEBI, Ministry of Corporate Affairs (MCA) and provisions of the Companies Act, 2013. This responsibility also includes the design, implementation and

   maintenance of internal control relevant to compliance of such regulations.

2. Auditor's ftesponsibility

   Pursuant to the requirements of the Company as stated above, it is our responsibility to provide a

   • Reasonable assurance on whether security cover for secured listed non-convertible debt securities as at March 31, 2025 as stated in ihe accompanyins statement is adequate in accordance with the terms of rite respective debenture trust deeds.

   • Limited assurance and conclude as to whether the Company has complied with all covenants as per respective debenture trust deeds in respect of secured listed non-convertible debt securities outstanding as at March 3 l, 2025. We have accordingly not verified compliance with other requirements under the applicable laws includins those prescribed by the SEBl, MCA and provisions of the Companies Act, 2013. Accordingly, we do not express such an opinion.

     For this purpose, we leave performed the following audit procedures. We have:

   • Verified time respective debenture trust deeds, audited standalone financial statements, books of account as at March 3 I, 2025 and other relevant records maintained by the Compan gg y

   • Relied on the

     management i Cprcscntalions iMcltiding confirmat ion by management regarding

     compliaiicc willi COVCI1ñl1(S rclatiMg to sHbm issions and information to be given to the Debenture Trustee cS per tl1G I rIl1S aMd regarding comp I icnce with provisions and disclosure requirements of variois SEBI [tCgulations rclciing to tlic dcbcnture issue.

   • Relied

     on the confir r«tiOM from management that thcre has not been any breach of covenants or

     terms of the issue fry tlic Company which have been reported

     period ended Minh 3 I, 2023.

     by the Debenture Trustee during the

     The procedures perfom ed in « limit J

     assurance cngageincnt vary in nature and timing from, and are less in

     extent than for, a reasonable assurancc cngagcmcnt and consequently, the level of assurance obtained in a limited assurance engagement is substantially lo›vcr than the assurance that would have been obtained had a reasonable assurance eng2s• •2FIt hecn pcrformcd.

     Ve !cve conducted our excm ination of tile information in accordance with the Guidance Note on Reports or

     Certificates for Special Purposes issued by the Institute of Chartered Accountants af India (ICAI). The

     €iuidance note requires that we comply with the ethical requirements of the Code of Ethics issued by the ICAI.

     Ve have cotilplied with the relevant applicable requirements of the Standard on Quality Control (SQC) I, Quality Control for Firms that Perform Audits and lteviews of Historical Financial Information and Other Assurance and Related Services Engagements to the extent applicable to this assignment issue by the ICAI

3. Opinion

   Based on our examination of the debenture trust deeds, audited standalone financial statements, books of account and other records as at March 3 I, 2025 and on the basis of information and explanations given to us -

   • We are of the opinion that the security cover as per the terms of the debenture trust deeds for secured listed non-convertible debt securities as at March 31, 2025 as stated in the accompanyins S i2 •mef1t is adequate in accordance with the terms of the respective debenture trust deeds.

   • Nothing has come to our attention ihat causes us to believe that the Company has not complied with the General Covenants and Financial Covenants as stated in the respective debenture trust deeds in respect of the secured listed non-convertible debt securities as at March 31, 2025.

4. ftestriction on use

This Certificate addressed to and provided to the Board of Directors of the Company is solely for the purpose of submission to the Stock Exchanses and Catalyst Trusteeship Limited and should not be used by any other person or for any other purpose. Accordingly, we do not accept or assume any liability or any duty of ccre or for any other purpose or to any other person to whom this Certificate is shown or into whose hands it may come without our prior consent in writing.

For Mani Charters FRN. 019

W

ti

ciates

NO

MRN.:

U DIN:

Place: Ghaziabad

Date: 26/05/202 5

{emount In

"’ ”’*

& et her debt Ltd

cewW Tn celumn ft

A*SET$

3.205.27

Goodwifi

8

i

6

6

63G I I

l

Magnum Ventures Limited

CIN: L21093DL1980PLC010492

Registered Office: Room No. 118, First Floor, MGM Commercial Complex, 4634/1, Plot No. 19, Ansari Road, Darya Ganj, New Delhi-110002 Phone: +91-11-42420015

E-mail: info@magnumventures.in Website: https://www.magnumventures.in Statement of utilization of issue proceeds:

Statement of Deviation/ Variation in use of Issue Proceeds:

Cor

te Office: 18/41, Site IV, Industrial Area, Sahibabad, Ghaziabad (U.P) 201010

,{

Objects for which funds have been raised and where there has been a deviation, in the following table

Magnum Ventures Limited

CIN: L21093DL 1980PLC010492

Registered Office: Room No. 118, First Floor, MGM Commercial Complex, 4634/1, Plot No. 19, Ansari

Road, Darya Ganj, New Delhi-110002 Phone: +91-11-42420015

E-mail: infoen1agnuniventures.in Website: https://www.magnumventures.in

Deviation or variation could mean:

1. Deviation in the objects or purposes for which the funds have been raised or

2. Deviation in the amount of funds actually utilized as against what was originally disclosed

   Name of Signatory: Parv J Designation: Chief Financia officer

   Corporate Office: 18/41, Site IV, Industrial Area, Sahibabad, Ghaziabad (U.P) 201010 Ph: 0120-4199200

   Magnum Ventures Limited

   CIN: L21003DL1980PLC010492

   Registered Office: Room No. 118, Flrst Floor, MGM Commercial Complex, 4634/1, Plot No. 19, Ansari Road, Darya Ganj, New DelhI-110002 Phone: +91-11-42420015

   Name of the Issuer	Magnum Ventures Limited
   ISIN	INE387I07013
   Mode of Fund Raising (Public Issues / Private Placement)	Private Placement
   Type of Instrument	18% Listed, secured, rated, redeemable, taxable Non- Convertible Debentures
   Date of raising funds	18'" March 2025
   Amount Raised	Rs. 15,00,00,000
   Funds Utilised	Rs, 15,00,00,000
   Any Deviation (Yes/No)	No
   If above point is Yes, then specify the purpose of for which the funds were utilized	Not Applicable
   Remarks, if any	Nil

   E-mail: Info@magnumventurcs.in Website: https://www.magnumventures.in Statement of utilizatlon of issue proceeds:

   Statement of Deviation/ Variation in use of Issue Proceeds:

   Name of listed entity	Magnum Ventures Limited
   Mode of Fund Raising	Private Placement
   Type of Instrument	18% Listed, secured, rated, redeemable, taxable Non- Convertible Debentures
   Date of Raising Funds	18.03.2025
   Amount Raised	Rs. 15,00,00,000
   Report filed for Quarter ended	31st March, 2025
   Is there a Deviation / Variation in use of funds raised (Yes/No)	No
   Whether any approval is required to vary the objects of the issue stated in the prospectus/ offer document7	Not Applicable
   If Yes, details of the approval so required?	Not Applicable
   Date of approval	Not Applicable
   Explanation for the Deviation / Variation	Not Applicable
   Comments of the Audit Committee after review	Nil
   Comments of the auditors, if any	Nil

   Objects for which funds have been raised and where there has been a deviation, in the following table

   Original Object

   Modi fied

   Original Allocation

   Modif ied

   Funds Utilised

   Amount of

   Remarks if any

   Corporate Office: 18/41, Site IV, Industrial Area, Sahibabad, Ghaziabad (U.P) 201010 Ph: 0120-4199200

   Magnum Ventures Limited

   CIN: L21093DLl98orrcoio4g2

   Registered Office: Room No. 118, First Floor, MCM Commercial Complex, 4634/1, Plot NO. 19, Ansari Road, Darya Ganj, New Delhi-110002 Phone: +91-11-4242001S

   Obje

   ct, if

   any

   alloca

   Oeviation

   /Variatio n for the quarter accordin g to

   applicabl

   e Object (In Rs. crore and in %

   Capital

   expenditure Requirements; Transaction expenses;

   Not

   Appli cable

   Rs. 14.90 Crores

   Rs. 14.90 Crores

   Nil

   Nil

   Rs. 10 Lacs Rs. 10 Lacs Nil

   E-mail: info@magnumventures.in Website: https://www.magnumventures.in

   Deviation or variation could mean:

   1. Deviation in the objects or purposes for which the funds have been raised or

   2. Deviation in the amount ol funds actually utilized as against what was originally disclosed

Name of Signatory: J i

Designation: Chief Financi officer

Corporate Office: :t8/41, Site IV, l

fIatI‹t‹ li Area, sahibabad, Ghaziabad

Ph: 0120-419920p (U.P) 201o10