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Lite Revie wc uty he Sty Anon nh stare en hose Mai nid 6 Thse sla ao arabe st de wets of he Company at wn prpcrama on. or Picurehoute Medi Liited Pace: hea raed V. Pt Date Ferry 15,2005 Managing DirtS. NEELAKANTAN Dr. C.N. GANGADARAN B.Com, FCA B cam, FAME and) Ph R. THIRUMALMARUGAN G. CHELLA KRISHNA Micom. FCA Micom. FCA, PGPM CNGSN & ASSOCIATES LLP B.RAMAKRISHNAN —_D. KALATALAGAN CHARTERED ACCOUNTANTS Bicom, Grad. CWA, FCA BCom, FCA No. 43, (Old No. 22, Swathi Cout, Fat No.C & D. V. VIVEK ANAND NYAPATHY SRILATHA \jayaraghava Road. T. Nagar, Chennai - 600 017 Bicom. FoR Mom. FCA, PODFM Jel #91-44-4554 1400 (1: Fax: +91-44-4564 1482 K.PARTHASARATHY ELK. SRIVATSAN Wie rw engsn.com Email: info@engsn com B.Com. FCA S.¢om. ACA To The Board of Directors. Picturehouse Media Limited Chennai-31 We have reviewed the accompanying (stand alone) statement of unaudited financial results of Picturehouse Media Limited, KRM Centre, 9% Floor, 2, Harrington Road, Chetpet, Chennai-600031, for the period ended 31s December, 2014, except for the disclosures regarding “Public Shareholding” and “Promoter and Promoter Group Shareholding” which have been traced from disclosures made by the management and have not been audited by us. This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial statements based on our review. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2400, engagements to Review Financial Statements issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. We bring the attention of the Board that the pending confirmation of balances {for loans and advances and note relating to the Deferred Tax Liability / Asset to be ‘provided for at the year end. Based on our review conducted as above, except the above remarks, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable accounting standards and other recognised accounting practices and policies has not disclosed the information required to be disclosed in terms of Clause 41 of the Listing Agreement including the manner in which it is to be disclosed, or that it contains any material misstatement. 2 For CNGSN& ASSOCIATES LLP Place : Chennai i eS ‘CHARTERED ACCOUNTANTS Date : 13% February, 2015 S| FIRM REGN.No.0049' e F \TMIRUWALMARUGAN Ye. J ® THiRUI " wens, wo, 200102 ‘GNGSN & Associates LLP, a Limited Liability Partnership with LLP identity No ARC-9402 ‘Regd. Otie :Agastyar Manor, No 20, Raja Sveet, Nagar, Chennai - 600 017 Offs at; + Chennai + Vellore + Puducherry + Hyderabad