Alankit Ltd Auditor Reports

To the Members of Alankit Limited

Report on the Audit of the Standalone Financial Statements

Opinion

We have audited the accompanying Standalone financial statements of Alankit Limited (‘the Company), which comprise the Balance Sheet as at 31 March 2025, the Statement of Pro t and Loss, including the statement of Other Comprehensive Income, the Cash Flow Statement and the Statement of Changes in Equity for the year then ended and notes to the financial statements including a summary of the material accounng policies and other explanatory informaon (hereina er referred to as ‘Standalone financial statements).

In our opinion and to the best of our informa on and according to the explanaons given to us, the aforesaid Standalone Financial Statements give the informaon required by the Companies Act 2013 (" the Act") in the manner so required and give a true and fair view in conformity with the accounng principles generally accepted in India including Indian Accounng Standards(" Ind AS") specified under Secon 133 of the Act, read with the Companies (Indian Accounng Standards) Rules,2015, as amended,(IND AS) and other accounng principles generally accepted in India, of the state of a airs ( financial posio n) of the Company as at 31 March, 2025, and its profit ( financial performance including other comprehensive income), its cash flows and the changes in equity for the year ended on that date.

Basis for Opinion

We conducted our audit of the Standalone financial statements in accordance with the Standards on Auding ("SA" s) specified under sec on 143(10) of the Act. Our responsibilie s under those Standards are further described in the Auditors Responsibilies for the Audit of the Standalone Financial Statements sec on of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Ins tute of Chartered Accountants of India ("ICAI") 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 made thereunder, and we have fulfilled our other ethical responsibili es in accordance with these requirements and the ICAIs Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion on the Standalone financial statements.

Emphasis of Ma_er

A_en_on is invited to the following mauers in the Notes to the Financial Statements:

· We draw a_en_on to note no. 39 of the standalone financial Statement which describes that the company has received demand no}ce amoun_ng to Rs 16,470.46 lakhs, under sec_on 156 of the

Income Tax Act 1961; with respect to A.Y. 2011-12 to A.Y. 2020-21. The company has led an appeal before the appropriate authori]es against the said tax demand. As per the legal opinion obtained by the company the said demand is not tenable.

· We draw a_en_on to "Other Non-Current Assets" note no. 8 & 37 of the Standalone financial statements, which includes the payment amoun}ng to 5,393.93 Lakhs for the purchase of

immovable property from a related party. As of the repor_ng date, the legal fitle of the property

is yet to be transferred in the name of the Company.

Our opinion on the statements is not modified in respect of this mae r

Key Audit Ma_ers

Key audit ma ers are those ma ers that, in our professional judgement, were of most significance in our audit of the Standalone financial statements for the financial year ended 31st March, 2025. These maer s were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these maer s. We have determined the ma ers described below to be the key audit ma ers to be communicated in our report. We have fulfilled the responsibilies described in the Auditors Responsibility for the Audit of the Standalone Financial Statements.

Accordingly, our audit included the performance of procedures designed to respond to our assessment of the risks of the material misstatement of the Standalone Financial Statements. The results of our audit procedure provide the basis for our audit opinion on the accompanying Standalone Financial Statements.

We have determined the following key audit ma er to be communicated in our report.

The key audit matter	How the matter was addressed in our audit-
Accuracy and completeness of intangible assets under development: -	• Reviewed project progress reports and accounting entries;
The Company is investing in new platforms/technologies and capitalising costs incurred on intangible assets under development. There is risk of misclassification, premature capitalisation, or inclusion of non-qualifying costs	• Tested sample capitalised costs for eligibility under Ind AS 38;
	• Assessed managements process for monitoring technical feasibility;
	• Ensured classification as WIP where applicable.

Informa_on Other than the Financial Statements and Auditors Report thereon

The Companys Board of Directors is responsible for the other informa on. The other informa on comprises the informaon included in the Management Discussion and Analysis, Boards Report including Annexures to Boards Report, Business Responsibility report, Corporate Governance and shareholders informa on, but does not include the Standalone financial statements and our auditors report thereon.

Our opinion on the Standalone financial statements does not cover the other informao n and we do

not express any form of assurance conclusion thereon.

In connecon with our audit of the Standalone financial statements, our responsibility is to read the other informaon and, in doing so, consider whether the other informa on is materially inconsistent with the Standalone financial statements or our knowledge obtained during the course of our audit or otherwise appears to materially misstated.

If, based on the work we have performed on the other informa on obtained prior to the date of this auditors report, we conclude that there is a material misstatement of this other informa on, we are required to report that fact. We have nothing to report in this regard.

Responsibili]es of Management and those Charged with Governance for the Financial Statements

The Companys Board of Directors is responsible for the maer s stated in Secon 134(5) of the Companies Act, 2013 (‘the Act) with respect to the prepara on of these Standalone financial statements that give a true and fair view of the financial posion, financial performance including other comprehensive income, cash flows and changes in equity of the Company in accordance with the accounng principles generally accepted in India, including the Indian Accounng Standards (Ind AS) prescribed under Sec on 133 of the Act read with relevant rules issued thereunder. This responsibility also includes the maintenance of adequate accounn g records in accordance with the provisions of the Act for safeguarding the assets of the Company and for prevenn g and detecng frauds and other irregularies; selec on and applicao n of appropriate accounn g policies; making judgments and es mates that are reasonable and prudent; and design, implementa on and maintenance of adequate internal financial controls, that were operan g e ecv ely for ensuring the accuracy and completeness of the accounn g records, relevant to the prepara on and presenta on of the Standalone financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Standalone financial statements, management is responsible for assessing the Companys ability to con nue as a going concern, disclosing, as applicable, ma ers related to going concern and using the going concern basis of accounng unless management either intends to liquidate the Company or to cease operaons, or has no realis c alterna ve but to do so.

Those Board of Directors are also responsible for overseeing the Companys financial reporn g process.

Auditors Responsibility for the Audit of the Financial Statements

Our objec ves are to obtain reasonable assurance about whether the Standalone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors report that includes our opinion. Reasonable assurance is a high level of assurance 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 accordance with SAs, we exercise professional judgement and maintain

professional skepcis m throughout the audit. We also:

· Idenf y and assess the risks of material 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 detec ng a material misstatement resulng from fraud is higher than for one resuln g from error, as fraud may involve collusion, forgery, interna onal omissions,

misrepresentaons, or the override of internal control.

· Obtain an understanding of internal financial control relevant to the audit in order to design audit procedures that are appropriate in circumstances. Under Seco n 143(3)(i) of the Act, we

are also responsible for expressing our opinion on whether the Company has adequate internal

financial controls system in place and operang e ec veness of such controls.

· Evaluate the appropriateness of accounn g policies used and the reasonableness of accounn g es mates and related disclosures made by the management.

· Conclude on the appropriateness of managements use of the going concern basis of accounn g and, based on the audit evidence obtained, whether a material uncertainty exists related to

events or condi ons that may cast significant doubt on the Companys ability to connue as a going concern. If we conclude that a material uncertainty exists, we are required to draw aen on in our auditors report to the related disclosures in the Standalone financial statement or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditors report. However, future events or

condions may cause the Company to cease to conn ue as a going concern.

· Evaluate the overall presentaon, structure and content of the Standalone financial statements, including the disclosures, and whether the Standalone financial statements represent the

underlying transac ons and events in a manner that achieves fair presentaon.

· Materiality is the magnitude of misstatements in the Standalone financial statements that, individually or in aggregate, makes it probable that the economic decisions of a reasonably

knowledgeable user of the Standalone financial statements may be in uenced. We consider quant av e materiality and qualitav e factors in (i) planning the scope of our audit work and (ii) to evaluate the effect of any iden ed misstatements in the Standalone financial statements.

We communicate with those charged with the governance regarding, among other maer s, the planned scope and ming of the audit and significant audit ndings, including any significant deficiencies in internal control that we idenf y during our 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 rela onships and other maer s that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

From the ma ers communicated with those charged with governance, we determine those ma ers that were of most significance in the audit of the Standalone financial statements of current period and are therefore the key audit maer s. We describe these maer s in our auditors report unless law or regulao n precludes public disclosures about the ma er or when, in extremely rare circumstances, we determine that a ma er 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 communicaon.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditors Report) Order, 2020 (‘the Order) issued by the Central Government of India in terms of Secon 143(11) of the Act, we give in the Annexure A, a statement on the maer s specified in the paragraph 3 and 4 of the Order.

2. As required by Secon 143(3) of the Act, we report that:

a. We have sought and obtained all the informaon and explanaons which to the best of our knowledge and belief were necessary for the purposes of our audit. b. In our opinion proper books of account as required by law have been kept by the Company so far as it appears from our examina on of those books; c. The standalone balance sheet, the standalone statement of profit and loss (including other comprehensive income), the standalone statement of changes in equity and the standalone statement of cash flows dealt with by this Report are in agreement with the books of account. d. In our opinion, the aforesaid Standalone financial statements comply with the Accounng Standards specified under Secon 133 of the Act read with relevant rule issued thereunder. e. On the basis of the wrie n representao ns received from the directors as on 31 March 2025 taken on record by the Board of Directors, none of the directors is disqualified as on 31 March 2025 from being appointed as a director in terms of Seco n 164 (2) of the Act;

f. With respect to the adequacy of the internal financial controls with reference to Standalone financial statements of the Company and the opera ng e ecv eness of such controls, refer to our separate Report in "Annexure B". g. With respect to the other mae rs to be included in the Auditors Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014 (as amended), in our opinion and to the best of our informa on and according to the explanaons giv en to us:

a. The Company has disclosed the impact of pending li gaons on its financial posion in its Standalone financial statements. Refer to Note-39 to the Standalone financial statements;

b. The Company did not have derivav e contracts during the year under Audit and there was no any profit earned on such derivav e contracts.

c. There were no amounts which were required to be transferred to the Investor Educao n and protec on Fund by the Company.

d. (i) The management has represented that, to the best of its knowledge and belief, no funds, have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Holding Company or its subsidiary companies incorporated in India to or in any other persons or enes , including foreign enes ("Intermediaries"), with the understanding, whether recorded in wring or otherwise, that the intermediary shall, whether, directly or indirectly lend or invest in other persons or ene s iden ed in any manner whatsoever by or on behalf of the company ("Ul mate Bene ciaries") or provide any guarantee, security or the like on behalf of the ulma te bene ciaries; (ii) The management has represented that, to the best of its knowledge and belief, other than as disclosed in the notes to accounts, no funds have been received by the company from any person(s) or en ty(ies), including foreign enes ("Funding Pares "), with the understanding, whether recorded in wrin g or otherwise, that the company shall, whether, directly or indirectly lend or invest in other persons or en es iden ed in any manner whatsoever by or on behalf of the Funding Party ("Ulm ate Bene ciaries") or provide any guarantee, security or the like on behalf of the Ul mate Bene ciaries; and (iii) Based on such audit procedures as considered reasonable and appropriate in the circumstances, nothing has come to our noce that has caused us to believe that the representaon und er sub-clause(d)(i) and (d)(ii) contain any material mis-statement. In our opinion and based on the informa on and explanaon provided to us, no dividend has been declared or paid during the year by the company.

e. Based on the examinaon, which included test checks, the Company has used accounn g so ware for maintaining its books of account for the financial year ended March 31, 2025 which has a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transac ons recorded in the so ware. Further, during the course of our audit we did not come across any instance of the audit trail feature being tampered with. As proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 is applicable from April 1, 2023, reporng under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 on preserva on of audit trail as per the statutory requirements for record retenon is not applicable for the financial year ended March 31, 2025.

Annexure A to the Independent Auditors Report

Referred to in paragraph 1 under the heading "Report on Other Legal and Regulatory Requirements" of our report of even date to the members of the Alankit Limited on the standalone financial statements for the year ended 31 March 2025

In term of the Informa on and explanaons sought by us and furnished by the company, and the books

of account and records examined by us during the course of our audit, and to the best of our knowledge and belief, we report that:

(i) (a) (i) The Company has maintained proper records showing full parcu lars, including quant av e

details and situao n of Property, Plant and Equipment.

(ii) (a) The company has maintained proper records showing full parcular s of intangible assets.

(b) All the property, plant and equipment have been physically veri ed by the management according to a regular program, which, in our opinion, is reasonable having regard to the size of the company and the nature of its assets. No material discrepancies with respect to book records were noc ed on such veri ca on.

(c) According to the informa on and explana ons given to us and on the basis of our examinaon o f the records of the Company, the tle deeds of immovable properes (other than propere s where the company is the lessee and the lease agreements are duly executed in favor of the lessee) disclosed in the financial statements are held in the name of the Company.

(d) According to the informao n and explanaon s given to us and on the basis of our examinaon of the records of the Company, the Company has not revalued its Property, Plant and Equipment (including Right of Use assets) or intangible assets or both during the year.

(e) According to the informao n and explanao ns given to us and on the basis of our examinaon of the records of the Company, there are no proceedings inia ted or pending against the Company for holding any benami property under the Prohibi on of Benami Property Transac ons Act, 1988 and rules made thereunder.

(ii) (a) Physical veri ca on of inventory (except material in transit or lying with third party) has been conducted by the management at reasonable intervals. In our opinion, the frequency of such veri caon is reasonable and procedures and coverage as followed by management were appropriate. No discrepancies were no ced on veri cao n between the physical stocks and the book records that were more than 10% in the aggregate of each class of inventory.

(b) According to the informaon and explanaons given to us and on the basis of our examinaon of the records of the Company, the Company has availed working capital limits from banks and financial instuons on the basis of security of current assets and according to the informa on and explanaon given to us and records maintained by the company, the quarterly returns or statements led by the company with banks or financial instuons are in agreement with the books of account of the company.

(iii) According to the informa on and explanaons given to us and on the basis of our examinao n of the records of the Company, the Company has not provided any guarantee or security but has granted loans or advances in the nature of loans, secured or unsecured, to companies, rms, limited liability partnerships or any other pares during the year, in respect of which:

(a) Based on the audit procedures carried on by us and as per the informa on and explana ons given to us the Company has provided loans or provided advances in the nature of loans, but

has not stood guarantee, or provided security to any other en ty. The Company has provided

loans, during the year end details of which are given below:

	Guarantees (Rs.in lacs)	Security (Rs. in lacs)	Loans (Rs. in lacs)	Advances in nature of loans (Rs. in lacs)
A: Aggregate amount granted / provided during the year
Subsidiaries			2806.39
Joint Ventures			-
Associates			-
Others			1709.61
B. Balance outstanding as at balance sheet date in respect of above cases*:
Subsidiaries			3736.88
Joint Ventures			-
Associates			-
Others			33.70

(b) According to the informa on and explanaons given to us and based on the audit procedures conducted by us, in our opinion the investments made during the year are, prima facie, not prejudicial to the interest of the Company.

(c) In respect of loans granted and advances in the nature of loans provided by the Company, the schedule of repayment of principal and payment of interest has been spu lated and the repayments or receipts of principal amounts and interest have been regular as per spu laons , in our opinion the repayments of principal amounts and receipts of interest are regular. (d) According to the informa on and explanao ns given to us and on the basis of our examina on of the records of the Company, there is no overdue amount for more than ninety days in respect of loans given. Further, the Company has not given any advances in the nature of loans to any party during the year

(e) During the year no loans or advances in the nature of loans granted which has fallen due during the year has been renewed or extended or fresh loan granted to se le the overdue of the exisng loan given to the same pares. (f) The Company has granted loans which are repayable on demand or without specifying any terms or period of repayment details of which are given below:

Parcu lar	All Pare s including related party (in Rs lacs)	Related Pares (In Rs Lacs)	Other Pares (In Rs Lacs)
Aggregate of loans	4516	4516	-
-Repayable on Demand	4516	4516	-
Percentage of loans to the total loans	100%	100%	-

(iv) According to the informa on and explanaons given to us and on the basis of our examinaon of the records of the Company, the Company has given any loans, or provided any guarantee or security as specified under Seco n 185 and 186 of the Companies Act, 2013 ("the Act"). In our opinion the provisions of Seco n 186 of the Act have been complied with.

(v) The Company has not accepted any deposits from the public and hence the direcv es issued by the Reserve Bank of India and the provisions of Sec ons 73 to 76 or any other relevant provisions of the Act and the Companies (Acceptance of Deposit) Rules, 2015 with regard to the deposits accepted from the public are not applicable.

(vi) According to the informa on and explana ons given to us, the Central Government has not prescribed the maintenance of cost records under Secon 148(1) of the Act for the services provided by it. Accordingly, clause 3(vi) of the Order is not applicable.

(vii) (a) According to the informaon and explana ons given to us and on the basis of our examina on of books of account and records the company has been generally regular in deposin g Undisputed statutory dues including provident fund, employees state insurance, income tax, goods and service tax, duty of customs, cess and other material statutory dues with the appropriate authories . According to the informa on and explanao ns given to us, no undisputed amounts payable in respect of provident fund, ESI, income tax, good and service tax, duty of customs, cess and other material statutory dues were in arrears as at 31 March 2025 for a period of more than six months from the date they became payable.

(b) According to the informa on and explanaons given to us, the dues set out below in respect of

Income tax have not been deposited with the appropriate authorie s on account of disputes:

Name of the statue	a.y.	Amount (Rs. In Lakhs)	Forum where the dispute is pending	Nature of dues
Income tax Act, 1961	2011-12	226.69	ITAT Appeal	Tax Demand
Income tax Act, 1961	2012-13	789.77	ITAT Appeal	Tax Demand
Income tax Act, 1961	2013-14	196.23	ITAT Appeal	Tax Demand
Income tax Act, 1961	2014-15	209.36	ITAT Appeal	Tax Demand
Income tax Act, 1961	2015-16	2212.05	ITAT Appeal	Tax Demand
Income tax Act, 1961	2016-17	960.38	ITAT Appeal	Tax Demand
Income tax Act, 1961	2017-18	1991.17	ITAT Appeal	Tax Demand
Income tax Act, 1961	2018-19	5038.02	ITAT Appeal	Tax Demand
Income tax Act, 1961	2019-20	3711.78	ITAT Appeal	Tax Demand
Income tax Act, 1961	2020-21	1135.01	ITAT Appeal	Tax Demand

(Viii) According to the informa on and explanao ns provided to us, there were no transac on which were not recorded in the books of account and have been surrendered or disclosed as income, during the year, in the tax assessments under the Income Tax Act, 1961. (ix) (a) According to the informaon and explanao ns given to us and on the basis of our examina on of the records of the Company, the Company did not default in repayment of loans or other borrowings or in the payment of interest thereon to any lender, during the year. (b)According to the informaon and explana ons given to us and on the basis of our examina on of the records of the Company, the Company has not been declared a willful defaulter by any bank or financial ins tuon or government or government authority. (c)According to the informaon and explana ons given to us by the management, the Company has not obtained any term loans during the year. Accordingly, clause 3(ix)(c) of the Order is not applicable. (d)According to the informao n and explanaons given to us and on an overall examinaon of the balance sheet of the Company, we report that no funds have been raised on short-term basis have been ulized for long term purposes by the Company. Accordingly, clause 3(ix)(d) of the Order is not applicable.

(e)According to the informaon and explana ons given to us and on an overall examinao n of the standalone financial statements of the Company, we report that the Company has not taken any funds from any ent y or person on account of or to meet the obligao ns of its subsidiaries, associates or joint ventures as defined under the Act. Accordingly, clause 3(ix)(e) of the Order is not applicable. (f)According to the informaon and explana ons given to us and procedures performed by us, we report that the Company has not raised loans during the year on the pledge of securies held in its subsidiaries, joint ventures or associate companies (as defined under the Act). Accordingly, clause 3(ix)(f) of the Order is not applicable.

(x). (a) The Company has not raised any moneys by way of inial public offer or further public offer

(including debt instruments). Accordingly, clause 3(x)(a) of the Order is not applicable.

(b)According to the informaon and explanao ns given to us and on the basis of our examina on of the records of the Company, the Company has not made the preferenal allotment or private placement of shares or fully or partly converble debentures during the year. Accordingly, clause 3(x)(b) of the order is not applicable.

(xi) (a) Based on examina on of the books and records of the Company and according to the informa on and explanaons given to us, no fraud by the Company or on the Company has been noc ed or reported during the course of the audit.

(b) According to the informa on and explana ons given to us, no report under sub-sec on (12) of Secon 143 of the Act has been led by the auditors in Form ADT-4 as prescribed under Rule 13 of the Companies (Audit and Auditors) Rules, 2014 with the Central Government. (c) As represented to us by the management, there are no whistle blower complaints received by the Company during the year.

(xii) According to the informa on and explanaons given to us, the Company is not a Nidhi Company. Accordingly, clause 3(xii) of the Order is not applicable. (xiii) In our opinion and according to the informa on and explanaons given by the management, the company is in compliance with seco n 177 & secon 188 of Companies Act, 2013 where applicable for all transaco ns with related pare s and the details of the related pare s transac ons have been disclosed in the notes-35 to the standalone financial statements, as required by the applicable accounn g standard, (xiv) (a) According the records of the company and informa on and explana on given to us, in our opinion the company has an internal audit system commensurate with the size and nature of business. (b) We have considered the reports of internal auditors for the period under audit provided to us by the company. (xv) In our opinion and according to the informaon and explanaons given to us, the Company has not entered into any non-cash transac ons with its directors or persons connected to its directors. (xvi) a) The Company is not required to be registered under Secon 45-IA of the Reserve Bank of India Act, 1934. Accordingly, clause 3(xvi)(a) of the Order is not applicable. (b) The Company is not required to be registered under Sec on 45-IA of the Reserve Bank of India Act, 1934. Accordingly, clause 3(xvi)(b) of the Order is not applicable.

(c) The Company is not a Core Investment Company (CIC) as defined in the regulaons m ade by the Reserve Bank of India. Accordingly, clause 3(xvi) of the order is not applicable. (d) According to the informaon and explanaons provided to us, the Group (as per the provisions of the Core Investment Companies (Reserve Bank) Directions, 2016) does not have any CIC. (xvii) The Company has not incurred cash losses in the current and in the immediately preceding financial year.

(xviii) During the year there has been no resigna on of statutory auditors of the company and hence this clause of the order is not applicable to the company.

(xix) According to the informa on and explanao ns given to us and on the basis of the financial raos, ageing and expected dates of realiza on of financial assets and payment of financial liabilies, other informaon accompanying the standalone financial statements, our knowledge of the Board of Directors and management plans and based on our examina on of the evidence supporn g the assump ons, nothing has come to our aen on, which causes us to believe that any material uncertainty exists as on the date of the audit report that the Company is not capable of meeng its liabilies exis ng at the date of balance sheet as and when they fall due within a period of one year from the balance sheet date. We, however, state that this is not an assurance as to the future viability of the Company. We further state that our reporng is based on the facts up to the date of the audit report and we neither give any guarantee nor any assurance that all liabilies falling due within a period of one year from the balance sheet date, will get discharged by the Company as and when they fall due. (xx) a) According to the records of the company and informa on and explana ons give to us, in our opinion, there are no unspent amounts towards Corporate Social Responsibility (CSR) on projects other than ongoing projects requiring transfer to a fund specified in schedule vii to the companies act in compliance with second proviso to sub secon (5) of sec on 135 of the said Act. (b) According to the records of the company and informaon and explana ons give to us, in our Opinion, there are no amount remaining unspent under sub sec on (5) of sec on 135 of the Companies Act, pursuant to any ongoing project.

Annexure B to the Auditors Report

Report on the Internal Financial Controls under Clause (i) of sub-sec_on 3 of Sec_on 143 of the

Companies Act, 2013 (‘the Act)

Opinion

We have audited the internal financial controls with reference to financial statements of ALANKIT LIMITED (Earlier known as Euro Finmart Limited) ("the Company") as of 31 March 2025 in conjunc on with our audit of the standalone financial statements of the Company for the year ended on that date.

In our opinion, the Company has, in all material respects, adequate internal financial controls with reference to financial statements and such internal financial controls were operating e ec vely as at 31 March 2025, based on the internal financial controls with reference to financial statements criteria established by the Company considering the essen al components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporng issued by the Instu te of Chartered Accountants of India (the "Guidance Note").

Managements Responsibility for Internal Financial Controls

The Companys management is responsible for establishing and maintaining internal financial controls based on the internal control over financial reporng criteria established by the Company considering the essenal components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporn g issued by the Instut e of Chartered Accountants of India (‘ICAI). These responsibilies include the design, implementation and maintenance of adequate internal financial controls that were operan g e ec vely for ensuring the orderly and efficient conduct of its business, including adherence to the Companys policies, the safeguarding of its assets, the preven on and deteco n of frauds and errors, the accuracy and completeness of the accounn g records, and the mely preparaon of reliable financial informa on, as required under the Companies Act, 2013.

Auditors Responsibility

Our responsibility is to express an opinion on the Companys internal financial controls over financial reporng based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (‘the Guidance Note) and the Standards on Auding , issued by ICAI and deemed to be prescribed under Seco n 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued by the Instut e of Chartered Accountants of India. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporng was established and maintained and if such controls operated e ec vely in all material respects. An audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial reporn g and their operang e ec veness. Our audit of internal financial controls over financial reporn g included obtaining an understanding of internal financial controls over financial reporng , assessing the risk that a material weakness exists, and tesn g and evaluang the design and operang e ec veness of internal control based on the assessed risk. The procedures selected depend on the auditors judgment, including the assessment of the risks of material misstatement of the Ind AS financial statements, whether due to fraud or error. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Companys internal financial controls with reference to financial Statements.

Meaning of Internal Financial Controls Over Financial Repor_ng

A companys internal financial control over financial reporng is a process designed to provide reasonable assurance regarding the reliability of financial reporng and the preparaon of financial statements for external purposes in accordance with generally accepted accounn g principles. A companys internal financial control over financial reporng includes those policies and procedures that: -

(1) Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the

transac ons and disposion s of the assets of the company;

(2) Provide reasonable assurance that transac ons are recorded as necessary to permit prepara on of financial statements in accordance with generally accepted accounn g principles, and that receipts and expenditures of the company are being made only in accordance with authorizaons of the management and directors of the company; and

(3) Provide reasonable assurance regarding preven on or mely detecon of unauthorized acquisi on, use, or disposion of the companys assets that could have a material effect on the financial statements.

Inherent Limita_ons of Internal Financial Controls Over Financial Repor_ng

Because of the inherent limita ons of internal financial controls over financial reporn g, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projecons of any evaluao n of the internal financial controls over financial reporng to future periods are subject to the risk that the internal financial control over financial reporng may become inadequate because of changes in condions , or that the degree of compliance with the policies or procedures may deteriorate.

For Kanodia Sanyal & Associates

Chartered Accountants

FRN: 008396N

Sd/-

(Namrata Kanodia)

Partner

Membership no.: 402909

Place: New Delhi

Date: 22nd May,2025

UDIN: 25402909BMHZKZ8910