Adisoft Technologies Ltd Auditor Reports

INDEPENDENT AUDITORS EXAMINATION REPORT ON RESTATED CONSOLIDATED FINANCIAL

STATEMENT

To,

The Board of Directors,

ADISOFT TECHNOLOGIES LIMITED

(Formerly known as ADISOFT TECHNOLOGIES PRIVATE LIMITED)

Prathamesh Complex & Trading Plot No. PAP- BG-102, 103, 104 & 105, 1st and 2nd Floor, MIDC Chinchwad Industrial Area, Bhosari I.E., Pune - 411026, Maharashtra, India.

Dear Sirs,

1. We have examined the attached Restated Consolidated Financial Statements of Adisoft Technologies Limited comprising the Restated Consolidated Statement of Assets and Liabilities as at October 31, 2025, March 31, 2025, March 31, 2024 and March 31, 2023, the Restated Consolidated Statements of Profit and Loss and the Restated Consolidated Cash Flow Statement for the period/year ended October 31, 2025, March 31, 2025, March 31, 2024 and March 31, 2023 and the Summary Statement of Significant Accounting Policies, the Notes and Annexures as forming part of these Restated Consolidated Financial Statements (collectively, the Restated Consolidated Financial Information), as approved by the Board of Directors of the Company at their meeting held on April 15, 2026 for the purpose of inclusion in the Offer Document prepared by the Company in connection with its proposed SME Initial Public Offer of equity shares (SME IPO) prepared in terms of the requirements of:

a) Section 26 & 32 of Part I of Chapter III of the Companies Act, 2013 (the Act); b) The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (ICDR Regulations); and c) The Guidance Note on Reports in Company Prospectuses (Revised 2019) issued by the Institute of Chartered Accountants of India (ICAI), as amended from time to time (the Guidance Note).

2. The Companys Board of Directors are responsible for the preparation of the Restated Consolidated Financial Information for the purpose of inclusion in the Offer Document to be filed with Securities and Exchange Board of India, relevant stock exchange and Registrar of Companies, Pune in connection with the proposed SME IPO. The Restated Consolidated Financial Information of the Company has been prepared by the management of the Company and approved by the Board of Directors on the basis of preparation stated in Annexure IV of the Restated Consolidated Financial Information. The Board of Directors responsibility includes designing, implementing and maintaining adequate internal control relevant to the preparation and presentation of the Restated Consolidated Financial Information. The Board of Directors is also responsible for identifying and ensuring that the Company complies with the Companies Act, SEBI ICDR Regulations and the Guidance Note. Our responsibility is to examine the Restated Consolidated Financial Information and confirm whether such Restated Consolidated Financial Information comply with the requirements of the Act, the Rules, SEBI-ICDR Regulations and the Guidance Note.

3. We, M/s Kishor Gujar & Associates, Chartered Accountants, been subject to peer review process of the Institute of Chartered Accountants of India (ICAI) and hold a valid peer review certificate issued dated 16 th July, 2025 valid till 30 th June, 2028.

4. We have examined these Restated Financial Information taking into consideration; a) The terms of reference and terms of our engagement agreed upon with you in accordance with our engagement letter dated 29 th July,2025 in connection with the proposed SME IPO of the Company. b) The Guidance Note also requires that we comply with the ethical requirements 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 Financial Information; and 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 in connection with the SME IPO.

5. These Restated Consolidated Financial Information have been compiled by the Management from the audited Financial Statements of the Company for the period/years ended October 31, 2025, March 31, 2025, March 31, 2024 and March 31,2023 which have been approved by the Board of Directors of the Company. The Audit of financial statements of the Company for the period/year ended October 31, 2025, March 31, 2025 has been conducted by Statutory auditor KPNB & Associates and audit of financial statements of the Company for the year ended March 31, 2024 and March 31, 2023 has been audited by previous other Auditor S D Dale & Co., Chartered Accountant. Accordingly, reliance has been placed on the financial information examined by them for the said years.

The Consolidated Financial Statements includes profit from the financial statements of Associates company which was audited by PK Chopra & Company, Chartered Accountant details of which are as follows:

Name of entity	Status	Relationship	% Holding
AIOI Systems India Private Limited	Private Limited Company	Associate Enterprises	24 %

6. For the purpose of our examination, we have relied on: a) Auditors reports issued by Statutory Auditor KPNB & Associates dated April 13, 2026 on the Consolidated financial statements of the Company as at and for the period ended October 31, 2025 b) Auditors reports issued by Statutory Auditor KPNB & Associates dated September 22, 2025 on the Consolidated financial statements of the Company as at and for the year ended March 31, 2025 c) Auditors reports issued by Statutory Auditor KPNB & Associates dated September 22, 2025 on the Consolidated financial statements of the Company as at and for the year ended March 31, 2024 and 31 st March, 2023

7. Based on our examination and according to the information and explanation given to us, we report that the Restated Consolidated Financial Information have been prepared: a) The Restated Consolidated Summary Statement of Assets and Liabilities as set out in Annexure I to this report, of the Company as at October 31, 2025, March 31, 2025, March 31, 2024, and March 31, 2023 are prepared by the Company and approved by the Board of Directors. These Restated Consolidated Summary 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 Policies and Notes to Accounts as set out in Annexure IV to this Report b) The Restated Consolidated Summary Statement of Profit and Loss as set out in Annexure II to this report, of the Company for the period/year ended October 31, 2025, March 31, 2025, March 31, 2024, and March 31, 2023 are prepared by the Company and approved by the Board of Directors. These Restated Consolidated Summary 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 Summary Statement of Cash Flow as set out in Annexure III to this report, Company for the period/year ended October 31, 2025, March 31, 2025, March 31, 2024, and March 31, 2023 are prepared by the Company and approved by the Board of Directors. These Restated Consolidated Summary Statement of Cash Flow 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

d) After incorporating adjustments for the changes in accounting policies and regrouping/reclassifications retrospectively, if any in the period/ financial years ended October 31, 2025, March 31, 2025, March 31, 2024, and March 31, 2023 to reflect the same accounting treatment as per the accounting policies and grouping/classifications;

e) in accordance with the Act, ICDR Regulations and the Guidance Note.

f) There were no qualifications in the Audit Reports issued by the Statutory Auditors as at and for the period/year ended October 31, 2025, March 31, 2025, March 31, 2024 and March 31, 2023 which would require adjustments in this Restated Consolidated Financial Statements of the Company;

g) There was no change in accounting policies, which needs to be adjusted in the Restated Consolidated Summary Statements h) There are no revaluation reserves, which need to be disclosed separately in the Restated Consolidated Financial Statements

i) the company has not proposed any dividend in past effective for the said period

j) do not require any adjustment for modification as there is no modification in the underlying audit reports

8. We have also examined the following other financial information of the Company prepared by the management and approved by the Board of Directors on April 15, 2026 for the period/years ended October 31, 2025, March 31, 2025, March 31, 2024 and March 31, 2023 proposed to be included in the Offer Document for the proposed SME IPO.

Notes to the Restated Consolidated Summary Financial Information;

a) Restated Consolidated Statement of Share Capital, Reserves and Surplus as appearing in Note 1 to this report; b) Restated Consolidated Statement of Long Term Borrowings as appearing in Note 2 to this report; c) Restated Consolidated Statement of principal terms of Secured Loans and Assets charged as security as appearing in Note 6(A) to this report; d) Restated Consolidated Statement of terms & conditions of unsecured loans as appearing in Note 6(B) to this report; e) Restated Consolidated Statement of Deferred Tax (Assets) / Liabilities as appearing in Note 3 to this report; f) Restated Consolidated Statement of Other Long Term Liabilities as appearing in Note 4 to this report; g) Restated Consolidated Statement of Long Term Provisions as appearing in Note 5 to this report; h) Restated Consolidated Statement of Short term borrowings as appearing in Note 6 to this report; i) Restated Consolidated Statement of Trade Payables as appearing in Note 7 to this report; j) Restated Consolidated Statement of Other Current Liabilities as appearing in Note 8 to this report; k) Restated Consolidated Statement of Short Term Provisions as appearing in Note 9 to this report; l) Restated Consolidated Statement of Property, Plant and Equipment as appearing in Note 10 to this report; m) Restated Consolidated Statement of Non-Current Investment as appearing in Note 11 to this report n) Restated Consolidated Statement of Long Term Loans and Advances as restated as appearing in Note 12 to this report; o) Restated Consolidated Statement of Other Non-Current Assets as appearing in Note 13 to this report p) Restated Consolidated Statement of Current Investments as appearing in Note 14 to this report q) Restated Consolidated Statement of Inventories as appearing in Note 15 to this report; r) Restated Consolidated Statement of Trade Receivables as appearing in Note 16 to this report; s) Restated Consolidated Statement of Cash and Bank Balance as appearing in Note 17 to this report; t) Restated Consolidated Statement of Short Term Loans and Advances as restated as appearing in Note 18 to this report; u) Restated Consolidated Statement of Other Current Assets as appearing in Note 19 to this report; v) Restated Consolidated Statement of Revenue from Operations as appearing in Note 20 to this report; w) Restated Consolidated Statement of Other Income as appearing in Note 21 to this report; x) Restated Consolidated Statement of Cost of Material Consumed as appearing in Note 22 to this report; y) Restated Consolidated Statement of Purchase of Stock in Trade as appearing in Note 23 to this report; z) Restated Consolidated Statement of Change in Inventories of finished goods, work-in-progress and stock-in-trade as appearing in Note 24 to this report; aa) Restated Consolidated Statement of Employee Benefit Expenses as appearing in Note 25 to this report; bb) Restated Consolidated Statement of Finance Cost as appearing in Note 26 to this report; cc) Restated Consolidated Statement of Depreciation & Amortization as appearing in Note 27 to this report; dd) Restated Consolidated Statement of Other Expenses as appearing in Note 28 to this report; ee) Restated Consolidated Summary Statement of Contingent Liabilities as appearing in Note 29 to this report; ff) Restated Consolidated Statement of Related Party Transactions as appearing in Note 30 to this report; gg) Restated Consolidated Statement of Tax Shelter as appearing in Note 31 to this report; hh) Restated Consolidated Statement of Capitalization as appearing in Note 32 to this report; ii) Restated Consolidated Statement of Mandatory Accounting Ratios as appearing in Note 33 to Consolidated this report; jj) Restated Consolidated Ratio Analysis and Its Elements in note 34 and 35 to this report. kk) Restated Consolidated Statement of CSR Expenditure as appearing in Note 36 to this report; ll) Restated Consolidated Statement of CIF Value of Imports as appearing in Note 37 to this report; mm) Restated Consolidated Statement of Earnings in Foreign Currency and Expenditure in Foreign Currency as appearing in Note 38 to this report; nn) Restated Consolidated Statement of Leases as appearing in Note 39 to this report; oo) Restated Consolidated Statement of Employee Benefit Disclosure as appearing in Note 40 to this report; pp) Restated Consolidated Statement of Additional regulatory information as per Schedule-III of the Companies Act 2013 as appearing in Note 41 to this report;

9. The Restated Consolidated Financial Information do not reflect the effects of events that occurred subsequent to the respective dates of the reports on the audited financial statements mentioned above. 10. This report should not in any way be construed as a reissuance or re-dating of any of the previous audit reports issued by any other auditor or firm of chartered accountants, nor should this report be construed as a new opinion on any of the financial statements referred to herein.

11. We have no responsibility to update our report for events and circumstances occurring after the date of the report.

12. Our report is intended solely for use of the Board of Directors for inclusion in the Offer Document to be filed with Securities and Exchange Board of India, relevant stock exchange and Registrar of Companies, Pune in connection with the proposed SME

IPO. Our report should not be used, referred to, or distributed for any other purpose except with our prior consent in writing. Accordingly, we do not accept or assume any liability or any duty of care for any other purpose or to any other person to whom this report is shown or into whose hands it may come without our prior consent in writing. 13. We have complied with the relevant applicable requirements of the Standard on Quality Control (SQC) 1, Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements.

14. In our opinion, the above consolidated financial information contained in Annexure I to Annexure III of this report read with the respective Significant Accounting Polices and Notes to Accounts as set out in Annexure IV are prepared after making adjustments and regrouping as considered appropriate and have been prepared in accordance with the Act, ICDR Regulations, Engagement Letter and Guidance Note and give a true and fair view in conformity with the accounting principles generally accepted in India, to the extent applicable.

For

Kishor Gujar & Associates Chartered Accountants

Firm Registration No. - 116747W Peer Review No.: 021346

Sd/-

CA Javedkhan Saudagar (Partner) Membership No.:- 139006

Place:- Pune Date.: April 15, 2026

UDIN : 26139006OLSNHC1935