Artemis ADR Marketplace Ltd Auditor Reports

(Formally Known as JETMALl 5PICES AND MASALA LTD.)

REPORT ON THE FINANCIAL STATEMENTS

OPINION

We have audited the accompanying standalone financial statements of Artemis ADR Marketplace Ltd. (formerly known as M/s. Jetmall Spices and Masala Limited) which comprise the Balance Sheet as at March 31, 2026, the statement of profit arid loss, Statement of change in Equity and the statement of cash flows for the year then ended, and notes to the financial statements, including a summary of the significant accounting policies and other explanatory information.

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 including Indian Accounting Standards (Mnd AS) specified under Section 133 of the Act, of the state of affairs of the Company as at 31st March 2026, and its profit/loss, total comprehensive income, its cash flows and the changes in equity for the year ended on that date.

BASIS OF OPINION

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Act. Our responsibilities under those standards are further described in the Auditors Responsibilities for the Audit of the Standalone Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute 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 there under, 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.

KEY AUDIT MATTERS

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements of the current period. These matters 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 matters. In addition to the matter described in the

Basis of Opinion section, we have determined the matters described below to be the key audit matters to be communicated in our report. Our opinion is not modified in respect of these matters.

Key Audit Matter(s)	How our Audit Procedures addressed the matter
1. Capitalization of expenditure incurred towards development of ADR Marketplace	Our audit procedures included evaluating the accounting treatment with reference to the recognition criteria under Ind AS 38 and testing, on a sample basis, the expenditure capitalized to supporting invoices, agreements and other relevant documents. We also evaluated the adequacy of the related disclosures in the financial statements.
Refer Note 36 to the financial statements
The Company lias incurred significant expenditure towards development of the ADR Mar ketplace and has capitalized ^584.71 lakhs as Capital Work-in-Progress (Classified as Intangible asset).Determination of whether the expenditure meets the recognition criteria under Ind AS 38 involves significant management judgement. Considering the significance of the amount and the judgement involved, this was considered to be a matter of most significance in our audit. 11

2. Recoverability of trade receivables and loans and advances
Refer Note 35 to the financial statements \u25a0	Our audit procedures included evaluating the ageing and recoverability of outstanding balances, examining subsequent realizations, assessing managements evaluation of expected credit losses under Ind AS 109 and reviewing relevant supporting documentation. We also evaluated the adequacy of the related disclosures in the financial statements.
The Company has trade receivables and loans and advances aggregating to ^772.10 lakhs. A 1 substantial portion of these balances pertains to the previous management. The assessment of recoverability involves significant management judgement and estimation, including consideration of expected recoveries from the respective parties. Accordingly, this was considered to be a matter of most significance in our audit

OTHER MAHERS

The financial statements of the Company for the year ended 31 March 2025 were audited by the predecessor auditor, whose report dated 28/05/2025 expressed an unmodified opinion on those financial statements.

OTHER INFORMATION

The Companys Board of Directors is responsible for the other information. The other information comprises the information included in the Companys Annual Report, 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 information and we 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 such other information is materially inconsistent with the standalone financial statements or our knowledge obtained during the course of our audit or otherwise appears to be materially misstated.

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

MANAGEMENTS RESPONSIBILITY FOR THE FINANCIAL STATEMENTS

The Companys Board of Directors is responsible for the matters stated in Section 134(5) of the Act with respect to the preparation of these standalone financial statements that give a true and fair view of the state of affairs, profit or 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 Ind AS specified under Section 133 of the Act.

This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the 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 pieparation and presentation of the standalone financial statements that give a true and fair view and are free from material misstatement, whether clue to fraud or error.

In preparing the standalone financial statements, management is responsible for assessing the Companys ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The Board of Directors is also responsible for overseeing the Companys financial reporting process.

AUDITORS RESPONSIBILITY

Ouf objectives are to obtain reasonable assurance about whether the standalone financial statements as a whole are fiee from material misstatement, whether due to fraud or error, and f o issue an auditors report that includes our opinion. Reasonable assurance is a high level of assuiance, 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 judgment and maintain professional skepticism throughout the audit.

We also:

Identify 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 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 financial 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 system 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.

Conclude on the appropriateness of managements use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Companys ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors report to the related disclosures in the standalone financial statements or, if such disclosures are inadequate, to modify our opinion.

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.^

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 influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work

and in evaluating the results of om work; and (ii) to evaluate the effect of any identified misstatements in the standalone financial statements.

We communicate with those charged with governance regarding, among oilier matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify 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 relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS

1. As required by the Companies (Auditors Report) Order, 2020, issued by the Central Government of India in term of sub-section (11) of section 143 of the Companies Act, 2013, we give in the Annexure A a statement on the matters specified in the paragraphs 3 and 4 of the Order, to the extent applicable.

As required by section 143(3)of the Act, we report that:

a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit;

b) In our opinion proper books of account as required by law have been kept by the Company so far as appears from our examination of those books

c) The Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement dealt with by this Report are in agreement with the books of account.

d) In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 and the Companies (Accounting Standards) Amendment Rules, 2016.

e) On the basis of written representations received from the directors as on 31 March, 2026, taken on record by the Board of Directors, none of the directors is disqualified as • on 31 March, 2026, from being appointed as a director in terms of Section 164(2) of the Act.

f) With respect to the adequacy of the internal financial controls over financial reporting of the Company and the operating effectiveness of such controls, refer to our separate Report in Annexure B. Our report expresses an unmodified opinion on the adequacy and operating effectiveness of the Companys internal financial controls over financial reporting.

g) With respect to the other matters 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 infoi mat 1*011 ami according to the explanations given to us:

i) The Company does not have any pending litigations which would impact its financial position.

ii) The Company did not have any long-term contracts including derivatives contracts

for which t here were any material foreseeable losses.

iii) There were no amounts which required to be transferred to the Investor Education

and Protection Fund by the Company.

iv) (a) The management has represented that, to the best of its knowledge and belief, no funds ( which are material either individually or in the aggregate) have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person or entity, including foreign entity ( Intermediaries), with the understanding, whether recorded in writing or otherwise,

• That the Intermediary shall, whether directly or indirectly lend or invested in other persons or entities identified in any manner whatsoever by or on behalf of the company (-ultimate Beneficiaries) or

• Provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;

b) The management has represented that to the best of its knowledge and belief, no funds (which are materials either individually or in the aggregate) have been received by the company from any person or entity, including foreign entity (Funding parties), with the understanding, whether recorded in writing or otherwise, that the company shall.

• Whether, directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries).or

• Provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;

c) Based on such audit procedures that have been considered reasonable and appropriate in the circumstances, nothing has come to our notice that has caused us to believe that the representation under sub- clause (a) and (b) contain any material misstatement..

v) No dividend declared or paid during the year by the company in compliance with section 123 of the Act.

vi) Based on our examination, which include test checks, the company has used accounting software system for maintaining its books of account for the financial year ended March 31, 2026 which have the features of recording audit trail (edit log) facility and the same has operated throughout the year for all the relevant transactions recorded in the software systems. Further, during the course of our audit we did not come across any instance of the audit trail failure being tempered with and the audit trail has been preserved by the company as per the statutory requirements for record retention.

With respect to the matter to be include in the Auditors Report under Section 197(16) of the Act;

In Our opinion and according lo the information and explanation given to us, no remuneration has been paid by the Company to its directors during the current year is in accordance with the provision of section 197 of the act.

K SINGH & ASSOCIATES
CHARTERED ACCOUNTANTS
FRN: 012458N

SD/
CA KULTAR SINGH
PARTNER
M. No.: 091673
PLACE: CHANDIGARH
DATE: 13/05/2026
UDIN: 26091673HTLFCQ8315

ANNEXURE - A TO THE INDEPENDENT AUDITORS REPORT

(Referred to in paragraph 1 under Report on Other Legal and Regulatory Requirements section of our report of even date)

(i) (a) i. The Company has maintained proper records showing full particulars, including quantitative details and situation of property, plant and equipment and relevant details of right-of-use assets;

ii. The Company has no intangible Asset as on the date of Balance Sheet.

(b) The Company has a program of verification to cover all items of property, plant and equipment in a phased manner which, in our opinion, is reasonable having regard to the size of tire Company and the nature of its property, plant and equipment. Pursuant to the programme, a portion of the property, plant and equipment have been physically verified by the management during the year and no material discrepancies have been noticed on such verification.

(c) According to the information and explanations given to us and on the basis of our examination of the records of the Company has no immovable property under its name.

(d) The company has not revalued its Property, Plant and Equipment (including right of use assets) during the year.

(e) No proceedings have been initiated during the year or are pending against the Company as at 31st March 2026 for holding any Benami property under the Benami Transactions (Prohibition) Act, 1988 (as amended in 2016) and rules made thereunder.

(ii) (a) The Company does not hold any inventory. Accordingly, reporting under the clause 3 (ii) of the order is not applicable to the company.

(b) The company has not been granted working capital limit in excess of Rs. 5 Crores from banks and financial institutions bases on the security of current assets. Henceforth clause (ii) (b) is not applicable,

(iii) (a) As per the financial statements the company has not made investments in, provided any guarantee or security to any other entities, however the company has granted any loans or advances in the nature of unsecured loans, to companies/ firms, Limited Liability Partnerships.

(1) The aggregate amount during the year, and balance outstanding at the balance sheet date with respect to such loans or advances and guarantees or security to subsidiaries, joint ventures and associates is NIL.

(2) The aggregate amount of loans to other parties during the year was Rs. 408.63 Lacs, and balance outstanding at the balance sheet date with respect to such loans or advances to parties other than subsidiaries, joint ventures and associates is Rs. 408.63Lacs.

(bj In our opinion and according to explanation given to us, loans provided, the terms and conditions of the grant of all loans and advances are not prejudicial to the companys interest;

(c) In respect of loans and advances, the schedule of repayment of principal and payment of interest has not been stipulated and the repayments or receipts is not regular;

( d) According to information and explanation given to us there is overdue for more than ninety days, and recovery of the principal and interest is doubtful;

(e) As pe r information given to us loan or advance in the nature of loan granted eailier which has fallen due eluting the year, has neither been renewed or extended or fresh loans granted were given to the same parties or different parties.

(0 As per information provided to us tire company lias not granted any loans or advances in the nature of loans winch are repayable on demand and also specifying any terms or period of

repayment, to Promoters and related parties as defined in clause (76) of section 2 of the Companies Act, 2013;

(iv) As per information and explanation given to us and record produced before us in respect o! loans, investments, guarantees, and security, the company has complied with provisions of sections 185.and 186 of the Companies Act 2013

(v) The provisions of the sections 73 to 76 and any other relevant provisions of the Act and the Companies (Acceptance of Deposits) Rules, 2014 (as amended), are not applicable to the Company being an non-banking financial company registered with the Reserve Bank of India (the RBI), and also the Company has not accepted any deposits from public or there is no amount which has been considered as deemed deposit within the meaning of sections 73 to 76 of the Act. Accordingly, report ing under clause 3(v) of the Order is not applicable to the Company.

(vi) The Central Government lias specified maintenance of cost records under sub-section (1) of section 148 of the Act in respect of specified products of the Company. For such products, we have broadly reviewed the books of account maintained by the Company pursuant to the Rules made by the Central Government for the maintenance of cost records under the aforesaid section, and are of the opinion that, prima facie, the prescribed accounts and records have been made and maintained. However, we have not made a detailed examination of the cost records with a view to determine whether they are accurate or complete.

(vii) (a) According to the information and explanations given to us and based on the records of the Company examined by us, in our opinion, the Company is generally regular in depositing the undisputed statutory dues, including Provident Fund, Employees State Insurance, Income-tax, Excise Duty, Custom Duty, Goods and Service Tax, Cess and other material statutory dues, as applicable, with the appropriate authorities.

(b) with reference to (a) above there are no disputed dues on account of Income Tax, Service Tax, Sales Tax, Excise Duty, Custom Duty, Value Added Tax, Goods and Service Tax, Cess and other statutory dues as at 31st March 2026 .

(viii) There were no transactions relating to previously unrecorded income that have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (43 of 1961).

(ix) (a) According to the information and explanations given to us, the Company has not obtained any loans or borrowings hence this clause is not applicable.

(b) According to the infoimalion and explanations given to us including the confirmations received from banks/ financial institution and/ or other lenders and representation received from the management of the Company, and on the basis of our audit procedures, we report that the Company has not been declared a willful defaulter by any bank or financial institution or other lender.

(c) In out opinion and according to the information and explanations given to us, no money was raised by way of term loans during the year.

(d) In our opinion and according to the information and explanations given to us, arid on an overall examination of the financial statements of the Company, no funds were raised by the Company on short term basis.

(e) According to the information and explanations given to us and on an overall examination of the financial statements of the Company, the Company has not taken any funds from any entity or person on account of or to meet the obligations of its subsidiaries or joint ventures.

(f) According to the information and explanations given to us, the Company has not raised any loans during the year on the pledge of securities held in its subsidiaries or joint ventures.

(x) (a) In our opinion, and according to the information and explanations given to us, the Company has not raised money by way initial public offer or further public offer.

(b) According to the information and explanations given to us and based on our examination or the records of the Company, the Company has made a preferential allotment on private placement j basis of convertible share warrants during the year.

The company has issued 98,58,000 warrants convertible into equity shares of the company on or before 18 months from the allotment date i.e 06/02/2026 at an issue price of Rs. 36 per warrant aggregating Rs. 3,54,888,000/- by way of preferential issue on private placement basis in the compliance with Section 42 and 62 of the Companies Act, 2013 and as per our checks, the funds raised have been used for the purposes for which the funds were raised.

(xi) (a) No material fraud on or by the Company has been noticed or reported during the year nor

i have we been! informed of any such case by the Management.

(b) No report under sub-section (12) of section 143 of the Companies Act has been filed in Form

I ADT-4 as prescribed under rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central

Government, during the year and up to the date of this report

(c) As represented by the management, there are no whistle blower complaints received by the company during the year.

(xiij In our opinion and according to the information and explanations given to us, the Company is not a Nidhi Company. Accordingly, reporting as per paragraph 3 para (xii) of the Order is not

required.

(xiii) According to the information and explanations given to us and based on our examination of the records of the Company, no transactions with related parties in compliance with sections 177 and 188 of the Act.

(xiv) The Company has internal audit system commensurate with the size of the company and the interna! audit reports were considered during the course of audit.

(xv) According to the information and explanations given to us and based on our examination of the records of the Company, the Company has not entered into any non-cash transactions with its directors or persons connected with them. Accordingly, reporting as per paragraph 3(xv) of the Order is not required.

(xvi) (a) The Company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934

(b) In out opinion the Company has not conducted Non-Banking Financial activities during the year as per the Reserve Bank of India Act., 1934

(c) According to the information and explanations given to us, the Company is not a Core Investment Company (ClC) as defined in the regulations made by the RBI. Accordingly, reporting under clause 3(xv { ) (c) of the Older is not applicable to the Company.

(d) Based on the information and explanations given to us and as represented by the management of the Company, the Group (as defined in Core Investment Companies (Reserve Bank) Directions, 2016) does not have any ClC.

(xvii) There is a resignation of the predecessor statutory auditors of the Company during the yeai because of the change in the management.

(xviii) According to the information and explanations given to us and on the basis of the financial ratios, ageing and expected dates of realization of financial assets and payment of financial liabilities, other information accompanying the standalone financial statements, our knowledge of the plans of the Board of Directors and management, we are of the opinion that no material uncertainty exists as on the date of the audit report that Company is capable of meeting its liabilities existing 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 assuiance as to the future viability of the Company. We further state that our reporting is based on the facts up to the date of the audit report and we neither give any guarantee nor any assurance that all liabilities 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.

(xix) There no ongoing projects relating to CSR hence no unspent amounts towards such requiring a transfer to a Fund specified in Schedule VII to the Companies Act in compliance with second proviso to sub-section (5) of Section 135 of the said Act. Further the company has not undertaken any ongoing project as a part of CSR Accordingly, reporting under clause 3(xx) (a) and (b) of the Order are not applicable for the year.

(xx) The company has no subsidiary hence no consolidation of financial statements and therefore this para is not applicable.

PLACE: Chandigarh
DATED: 13/05/2026
UDIN: 26091673HTLFCQ8315

Sd/-
KULTAR SINGH
PARTNER
Membership No. 091673

FOR K.SINGH & ASSOCIATES
CHARTERED ACCOUNTANTS
\u2022 Firm No. 012458N

Annexure B to the Auditors Report

Report on the internal financial controls with reference to the aforesaid standalone financial statements under section 143(3) (i) of the Companies Act, 2013

We have audited the internal financial contiols with reference to financial statements of ARTEMIS ADR MARKETPLACE LTD. (the Company) as of March 31, 2026 in conjunction with our audit of the Ind AS financial statements of the Company for the year ended on that date.

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 reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audi? of Internal Financial Controls over Financial Reporting (the Guidance Note) issued by the Institute of Chartered Accountants of India (ICAI). These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of the Companys business, including adherence to Companys policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Act.

Auditors Responsibility

Our responsibility is to express an opinion on the Companys internal financial controls with reference to financial statements based on our audit. We conducted our audit in accordance with the Guidance Note and Standards on Auditing, prescribed under Section 143(10) of the Act, to the extent applicable to an audit of internal financial controls with reference to financial statements. Those Standards and t he 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 with reference to financial statements were established and maintained and whether such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls with reference to financial statements and their operating effectiveness. Our audit of internal financial controls with reference to financial statements included obtaining an understanding of internal financial controls with reference to financial statements, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness 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 standalone 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 system over financial reporting.

Meaning of Internal Financial Controls over Financial Reporting

A companys internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial

statements for external purposes in accordance with generally accepted accounting principles. A companys internal financial control over financial reporting includes those policies and procedures that (I) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded.

as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of lire company are being made only in accordance with authorisations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorised acquisition, use, or disposition ol the companys assets that could have a material effect, on the financial statements.

Inherent limitations of Internal Financial Controls over Financial Reporting

Because of the inherent limitations of internal financial controls over financial reporting, 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, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Opinion

in oui opinion, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at March 31, 2026 based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.

K SINGH & ASSOCIATES
CHARTERED ACCOUNTANTS
FRN: 012458N

Sd/-
CAKULTAR SINGH
PARTNER
M. No.: 091673

PLACE: CHANDIGARH
DATE: 13/05/2026
UDIN: 26091673HTLFCQ8315