Alpine Texworld Ltd Auditor Reports

To

The Board of Directors

ALPINE TEXWORLD LIMITED (FORMERLY KNOWN AS ALPINE SPINWEAVE LIMITED) KHATA NO 670, BLOCK NO 614, VILLAGE PALDI, PALDI KANKAJ, Ahmedabad, Gujarat, India, 382425

Dear Sirs/Madam,

1) We have examined the atached Restated Consolidated and Standalone Financial Informa on of Alpine Texworld Limited (Formerly Known As Alpine Spinweave Limited),(the Company or the Issuer ), comprising the restated consolidated statement of assets and liabili es as at March 31, 2026 and March 31, 2025 and restated standalone statement of assets and liabili es as at March 31, 2024, the restated consolidated statement of profit and loss (including other comprehensive income), the restated consolidated statement of changes in equity, the restated consolidated statement of cash flow for the financial years ended March 31, 2026 and March 31, 2025 and the restated standalone statement of profit and loss (including other comprehensive income), the restated standalone statement of changes in equity, the restated standalone statement of cash flow for the financial years ended March 31, 2024, the summary statement of material accoun ng policies, and other explanatory notes (collec vely, the Restated Consolidated and Standalone Financial Informa on ), as approved by the Board of Directors of the Company at their meeting held on 02 nd June, 2026 for the purpose of inclusion in the Red Herring Prospectus ( RHP ) and Prospectus ( O er Documents ) prepared and to be led with the Securities and Exchange Board of India, BSE Limited, National Stock Exchange of India Limited and Registrar of Companies, Ahmedabad at Gujarat ( RoC ) by the Company in connec on with the Companys proposed Ini al Public O er of equity shares of face value of Rs. 10 each ( IPO ). The Restated Consolidated and Consolidated Financial Informa on is prepared in terms of the requirements of:

a) Sec on 26 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 Ins tute of Chartered Accountants of India (ICAI), as amended from me to me (the Guidance Note).

Managements Responsibility for the Restated Consolidated and Standalone Financial Informa on

2) The prepara on of the Restated Consolidated and Standalone Financial Informa on, which are to be included in the RHP / Prospectus to be led with SEBI and the Stock Exchanges in connec on with the proposed IPO is the responsibility of the Management of the Company. The Restated Consolidated and Standalone Financial Informa on have been prepared by the Management of the Company on the basis of prepara on, as stated in Note 1.1 to the Restated Consolidated and Standalone Financial Informa on. The Managements responsibility includes designing, implemen ng and maintaining adequate internal control relevant to the prepara on and presenta on of the Restated Consolidated and Standalone Financial Informa on. The Management is also responsible for iden fying and ensuring that the Company complies with the Act, ICDR Regulations and the Guidance Note.

Auditors Responsibili es

3) We have examined such Restated Consolidated and Standalone Financial Informa on taking into considera on:

a) The terms of reference and terms of our engagement agreed with you vide our engagement leter dated January 10, 2025, reques ng us to carry out the assignment, in connec on with the proposed IPO of the Company;

b) The Guidance Note also requires that we comply with ethical requirements of the Code of Ethics Issued by ICAI.

c) Concepts of test checks and materiality to obtain reasonable assurance based on the veri ca on of evidence suppor ng the Restated Consolidated and Standalone Financial Informa on; and

d) the requirements of Sec on 26 of the Act and the ICDR Regulations.

Our work was performed solely to assist you in meeting your responsibili es in rela on to your compliance with the Act, the ICDR Regulations and the Guidance Note in connec on with the O er.

Restated Consolidated and Standalone Financial Informa on as per audited Financial Statements

4) The Restated Consolidated and Standalone Summary Statements have been compiled by the management of the Company from

a) Audited Ind AS Consolidated financial statements of the company as at and for the year ended 31 March 2026, 31 March 2025 prepared in accordance with the Indian Accoun ng Standards (referred to as Ind AS) as prescribed under Sec on 133 of the Act read with Companies (Indian Accoun ng Standards) Rules 2015, as amended, and other accoun ng principles generally accepted in India for the first me, which have been approved by the Board of Directors at their meeting held on 02 nd June, 2026 respec vely.

b) Audited Ind AS Consolidated financial statements of the company as at and for the year ended 31 March 2025, 31 March 2024 prepared in accordance with the Indian Accoun ng

Standards (referred to as Ind AS) as prescribed under Sec on 133 of the Act read with Companies (Indian Accoun ng Standards) Rules 2015, as amended, and other accoun ng principles generally accepted in India for the first me, which have been approved by the Board of Directors at their meeting held on 29th August, 2025 respec vely.

c) Audited financial statements of the Company as at and for the year ended March 31, 2024, which were prepared in accordance with accoun ng principles generally accepted in India (Indian GAAP) at the relevant me which have been approved by the Board of Directors at their meeting held on 02 nd September, 2024. The management of the Company has adjusted financial informa on for the year ended March 31, 2024 included in such Indian GAAP

financial statements using recogni on and measurement principles of Ind AS and has included such adjusted financial informa on as compara ve financial informa on in the financial statements for the year ended March 31, 2024 as referred in para 4(a) above;

5) For the purpose of our examina on, we have relied on:

a) Auditors Report issued by us, dated 02 nd June, 2026 on the consolidated financial statements of the company for the financial year ended March 31, 2026 and March 31, 2025. As referred in para 4 (a).

b) Auditors Report issued by us, dated 29 th August, 2025 on the consolidated financial statements of the company for the financial year ended March 31, 2025 and March 31, 2024.

As referred in para 4 (b) and (c).

6) Based on our examina on and according to the informa on and explana ons given to us, we report that Restated Consolidated and Standalone Financial Informa on of the Company:

a) have been prepared a er incorpora ng adjustments for the changes in accoun ng policies, material errors and regrouping/reclassi ca ons retrospec vely for the financial years ended March 31, 2026, March 31, 2025 and March 31, 2024.

b) does not contain any quali ca on requiring adjustments.

c) have been prepared in accordance with the Act, ICDR Regulations and the Guidance Note.

7) We have not audited any financial statements of the Company as of any date or for any period subsequent to March 31, 2025. Accordingly, we express no opinion on the financial posi on, results of opera ons, cash flows and statement of changes in equity of the Company as of any date or for any period subsequent to March 31, 2025.

8) These Restated Consolidated and Standalone Financial Informa on do not reflect the effects of events that occurred subsequent to the audited financial statements for the period ended March 31, 2026.

9) This report should not in any way be construed as a reissuance or re-da ng of any of the previous audit reports issued by us, nor should this report be construed as a new opinion on any of the financial statements referred to herein.

10) We have no responsibility to update our report for events and circumstances occurring a er the date of the report.

11) We con rm that pursuant to a peer review process conducted by Ins tute of Chartered Accountants of India (ICAI), we hold a valid Peer Review certificate, bearing certificate number 014609, issued by the peer review board of the ICAI and are eligible to cer fy the financial informa on as per the requirements of the ICDR Regulations. The validity of the peer review certificate is September 30, 2028.

12) Our report is intended solely for the use of the Board of Directors for inclusion in the RHP / Prospectus to be led with SEBI and the Stock Exchanges in connec on with the proposed O er.

Our report should not be used, referred to, or distributed for any other purpose. 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.

13) As per the proviso to Rule 3(1) of the Companies (Accounts) Rules,2014 inserted by the Companies (Accounts) Amendment Rules 2021 requiring companies, which use accoun ng so ware for maintaining its books of accounts, to use accoun ng so ware which has a feature of recording audit trail of each and every transac on, crea ng an edit log of each change made in the books of account along with the date when such changes were made and ensuring that the audit trail cannot be disabled. During the year ended 31 March 2026, the audit trail feature was enabled in the accoun ng so ware used by the Holding Company to maintain its books of accounts. Further audit trail has been preserved by the Holding Company as per the statutory requirement for the record reten on.

M/s. SURESH CHANDRA & ASSOCIATES
Chartered Accountants
Firm Registra on No : 001359N
CA Shyamsunder Nanwal	UDIN: 26128896RDEUZM9081
Partner	Date : 02.06.2026
Membership No . 128896	Place : Ahmedabad