D P Wires Ltd Auditor Reports

To

The Members DP WIRESLIMITED

Report on the Audit of the Financial Statements

Opinion the Statement of Changes in Equity and the Statement of Cash Flows for the year then ended, and notes to the financial the Balance Sheet as at March 31st, 2026, the Statement ofWe have audited the accompanying Financial Statements of Profit D WIRES and Loss (including Other Comprehensive Income), LIMITED (the Company), which comprises referred to as the financial statements).statements, including a summary of significant accounting policies and other explanatory information (hereinafter statements give the information required by the Companies Act, 2013 (the Act) in the manner so required and give a In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial Company as at March 31st, 2026, and its Profit and Other Comprehensive Income, Changes in Equity and its Cash Flows true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the for the year ended on that date.

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act. Basis for Opinion Our responsibilities under those SAs are further described in the Auditors Responsibilities for the Audit of the Financial the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by have obtained is sufficient and appropriate to provide a basis for our opinion on the financial statements. responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the Audit Matters statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. financial statements of the current period. These matters were addressed in the context of our audit of the financial

		Description of Key Audit Matters
S.No.	Key Audit Matters	How was the matter addressed in our audit
	Uncertain tax positions Indirect Taxes
1	The Company has uncertain tax matters pending litigations under various indirect judgement tax laws. The litigation involves significant to determine the possible outcome treatment is given to the disputed amount. based on which accounting	Our following: audit procedures included, among others, the gained understanding thereof; Obtained details of uncertain tax position and
	Given the magnitude of potential outflow potential outcome, uncertain tax positions of economic resources and uncertainty of are considered to be key audit matters. [Refer Note 36 to the financial statements.]	Obtained details of tax assessments and also demands raised; Along with our internal tax experts, read and analysed relevant communication with the authorities;
		Evaluated advice obtained by the management litigation; from legal consultants on possible outcome of the management\u2019s assumptions regarding provisions Discussed with senior management and evaluated made or reflected as contingent liabilities; Assessed whether the disclosures for uncertain tax of Ind AS 37 on \u201cProvisions, Contingent Liabilities positions are in accordance with the requirements and Contingent Assets\u201d.

Information The Companys Management and Board Other than the Financial Statements of Directors are responsible for the preparation of the other information. The and Auditors Report Thereon including Annexures to Boards Report, Business Responsibility Report, Corporate Governance and Shareholders other information comprises the information included in the Management Discussion and Analysis, Boards Report Information, but does not include the Financial Statements and our Auditors Report thereon. assurance conclusion thereon.Our opinion on the financial statements does not cover the other information and we do not express any form of so, consider whether the other information is materially inconsistent with the financial statements or our knowledge In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing conclude that there is a material misstatement of this other information, we are required to report that fact. We have obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we nothing to report in this regard.

Managements and The Companys Management and Board of Directors are responsible for the matters stated in section 134(5) of the Act Board of Directors Responsibility for the Financial Statements financial performance, including other comprehensive income, changes in equity and cash flows of the Company in with respect to the preparation of these Financial Statements that give a true and fair view of the financial position, (Ind AS) specified under section 133 of the Act. This responsibility also includes maintenance of adequate accounting accordance with the accounting principles generally accepted in India, including the Indian Accounting Standards and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate free from material misstatement, whether due to fraud or error.records, relevant to the preparation and presentation of the financial statement that give a true and fair view and are Companys ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using In preparing the financial statements, the Management and Board of Directors are responsible for assessing the operations, or has no realistic alternative but to do so.the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease The Board of Directors is also responsible for overseeing the Companys financial reporting process.

Auditors Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from Responsibilities for the Audit of the Financial Statements Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with material misstatement, whether due to fraud or error, and to issue an auditors report that includes our opinion. considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are decisions of users taken on the basis of these financial statements. throughout the audit. We also: As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions,appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from misrepresentations, or the override of internal control. appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are in place and the operating effectiveness of such controls. opinion on whether the Company has adequate internal financial controls with reference to financial statements related disclosures in the financial statements made by the Management and Board of Directors. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and 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 Conclude on the appropriateness of the Management and Board of Directors use of the going concern basis of in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are basedthat a material uncertainty exists, we are required to draw attention in our auditors report to the related disclosures cause the Company to cease to continue as a going concern.

whether the financial statements represent the underlying transactions and events in a manner that achieves fair Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and presentation. the audit and significant audit findings, including any significant deficiencies in internal control that we identify during We communicate with those charged with governance regarding, among other matters, the planned scope and timing of our audit. requirements regarding independence, and to communicate with them all relationships and other matters that may We also provide those charged with governance with a statement that we have complied with relevant ethical reasonably be thought to bear on our independence, and where applicable, related safeguards. significance in the audit of the financial statements of the current period and are therefore the key audit matters. We From the matters communicated with those charged with governance, we determine those matters that were of most when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because describe these matters in our auditors report unless law or regulation precludes public disclosure about the matter or communication. the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such Report 1. As required by the on Other Legal and Companies (Auditors Report) Order, 2020 (the Order), issued by the Central Government of Regulatory Requirements specified in paragraph 3 and 4 of the Order, to the extent applicable. India in terms of sub-section (11) of Section 143 of the Act, we give in the Annexure-A, a statement on the matters

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

(a) were necessary for the purpose of our audit; We have sought and obtained all the information and explanations which to the best of our knowledge and belief (b) appears from our examination of those books; In our opinion, proper books of account as required by law have been kept by the Company so far as it (c) of Changes in Equity and the Statement of Cash Flows dealt with by this Report are in agreement with the The Balance Sheet, the Statement of Profit and Loss (including Other Comprehensive Income), the Statement books of account; (d) under Section 133 of the Act; In our opinion, the aforesaid financial statements comply with the Indian Accounting Standards specified (e) record by the Board of Directors, none of the directors is disqualified as on March 31st, 2026, from being On the basis of the written representations received from the directors as on March 31st, 2026, taken on appointed as a director in terms of Section 164 (2) of the Act; (f) Company and the operating effectiveness of such controls, refer to our separate report in Annexure-B; and With respect to the adequacy of the internal financial controls with reference to financial statements of the (g) Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according With respect to the other matters to be included in the Auditors Report in accordance with Rule 11 of the to the explanations given to us: (i) statements Refer Note-36 to the financial statements. The Company has disclosed the impact of pending litigations on its financial position in its financial (ii) any material foreseeable losses. The Company did not have any long-term contracts including derivative contracts for which there were (iii) Fund by the Company. There were no amounts which were required to be transferred to the Investor Education and Protection (iv) (a) been advanced or loaned or invested (either from borrowed funds or share premium or any other The management has represented that, to the best of its knowledge and belief, no funds have entities (Intermediaries), with the understanding, whether recorded in writing or otherwise, that sources or kind of funds) by the company to or in any other persons or entities, including foreign identified in any manner whatsoever by or on behalf of the company (Ultimate Beneficiaries) or the Intermediary shall, whether, directly or indirectly lend or invest in other persons or entities provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;

Parties), with the understanding, whether recorded in writing or otherwise, that the company been received by the company from any persons or entities, including foreign entities (Funding manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or provide any shall, whether, directly or indirectly, lend or invest in other persons or entities identified in any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

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

(v) The Company has not declared or paid any dividend for the year.

(vi) softwares for maintaining its books of account for the financial year ended March 31st, 2026 which has Based on our examination, which included test checks, the Company has used accounting relevant transactions recorded in the softwares. Further, during the course of our audit, on test check a feature of recording audit trail (edit log)facility and the same has operated throughout the year for all trail has been preserved by the Company as per statutory requirements for record retention. basis, we did not come across any instance of the audit trail feature being tampered with and the audit

3. With respect to the matter to be included in the Auditors Report under Section197(16) of the Act: Company to its directors during the current year is in accordance with the provisions of Section 197 of the Act.In our opinion and according to the information and explanations given to us, the remuneration paid by the Ministry of Corporate Affairs has not prescribed other details under Section197(16) of the Act which are required The remuneration paid to any director is not in excess of the limit laid down under Section 197 of the Act. The to be commented upon by us.

	ICAI Firm Registration No. : 005279C For Dilip K. Chartered Accountants Neema & Associates
Dated : May 30th, 2026 Place : Indore
	Membership No. :074067 Dilip Proprietor Neema
	ICAI UDIN :26074067WNPOYZ1612

ANNEXURE–A TO THE INDEPENDENT AUDITORS REPORT

Referred to in Paragraph 1 under Report on Other Legal and Regulatory Requirements section of the Independent ended March31st, 2026, we report that: Auditors Report of even date to the members of D P WIRES LIMITED on the financial statements as of and for the year (i) (a) A) The Company has maintained proper records showing full particulars, including quantitative details and situation of Property, Plant and Equipment.

(B) The Company has maintained proper records showing full particulars of intangible assets. (b) of the Company, the Company has a regular programme of physical verification of its Property, Plant and According to the information and explanations given to us and on the basis of our examination of the records years. In accordance with this programme, certain property, plant and equipment were verified during the Equipment by which all property, plant and equipment are verified in a phased manner over a period of three of the Company and the nature of its assets. No material discrepancies were noticed on such verification. year 2024-25. In our opinion, this periodicity of physical verification is reasonable having regard to the size (c) According to the information and explanations given to us by the management and on the basis of our examination of the records of the Company, the title deeds of immovable properties (other than properties in the books of accounts of the Company are held in the name of the Company. In respect of Immovable where the company is the lessee and the lease agreements are duly executed in favor of the lessee) recorded Property taken on lease, the lease agreements are in the name of the company.

(d) of the Company, the Company has not revalued its Property, Plant and Equipment (including Right of Use According to the information and explanations given to us and on the basis of our examination of the records assets) during the year.

(e) of the Company, there are no proceedings initiated or pending against the Company for holding any benami According to information and explanations given to us and on the basis of our examination of the records property under the Prohibition of Benami Property Transactions Act, 1988 and rules made thereunder.

(ii) (a) of such verification is reasonable and the coverage and procedure of such verification by the management is The inventory has been physically verified by the management during the year. In our opinion, the frequency that the discrepancies noticed on physical verification of inventory as compared to books and records were appropriate in relation to the size of the Company and the nature of its business. It has been explained to us dealt with in the books of accounts.not more than 10% in the aggregate for each class of inventory and the variation has been appropriately

(b) of the Company, the Company has been sanctioned working capital limits in excess of five crore rupees in According to the information and explanations given to us and on the basis of our examination of the records the examination of records, it has been observed that the quarterly returns or statements filed by the company aggregate from banks and financial institutions on the basis of security of current assets during the year. On with such banks or financial institutions are in Agreement with the books of account of the Company: except for the following discrepancies [Rs. in Lakhs]

furnished before the Banks/Financial Institutions	which the amount relates	books of as per accounts	furnished to Statements Bank/F.I.		Differences, as informed by the management
Stock Statement containing details of Inventories	30th June, 2025	2749.07	2189.53	559.54	The difference is primarily due to goods in transit not considered while Inventories as determining amount of furnished before the Banks.

	31st December, 2025	1940.00	1939.34	0.66	to non inclusion of Certain Items of inventory while furnishing the statement to the Bank, with the result that Inventory Statements submitted to the banks contained a lesser value than the actual inventory held
	31st March, 2026	1070.20	1069.00	1.20
containing Statement	30th June, 2025	6323.97	6071.19	252.78	Primarily, due to non inclusion of Certain Debtors
	30th September, 2025	5261.53	4676.18	585.35
details of Trade Receivables	31st December, 2025	5353.36	5139.56	213.80
	31st March, 2026	5191.53	5030.61	160.92	while furnishing the statement to the Bank

partnership or any other parties during the year. The Company has granted secured and unsecured loans to of the Company, the Company has not provided any guarantee or security to companies, firms, limited liability made any investment in but has granted loans, secured or unsecured, to firms and limited liability partnership. Companies and Other parties, in respect of which the requisite information is as below. The Company has not (a) details of loans provided by the Company to companies and other Parties are given herewith in a tabular Based on the audit procedure carried on by us and as per the information and explanation given to us, the form, as under : [Rs. in Lakhs]

during the year ended 31 Aggregate amount of loan advanced st March, 2026	Nil	Nil	Nil	10,777.65
date i.e. 31 Balance outstanding as at Balance sheet st March, 2026	Nil	Nil	Nil	10,990.11

loans are, prima facie, not prejudicial to the interest of the Company.

(c) us, in our opinion, the loan has been granted without any security and without stipulating any schedule of According to the information and explanations given to us and based on the audit procedures conducted by to regularity of the repayment or interest receipts does not arise.repayment of principal and interest. As the loan is repayable on demand along with interest, the question as (d) us, in our opinion, there being no stipulated schedule of repayment and the Company having not demanded According to the information and explanations given to us and based on the audit procedures conducted by the repayment of loan, the loan so granted has not become overdue.

(e) of the Company, there is no loan granted falling due during the year, which has been renewed or extended or According to the information and explanations given to us and on the basis of our examination of the records fresh loans granted to settle the over dues of existing loans given to same parties. (f) of the Company, during the year, the Company has granted loans to its related parties, without any security, According to information and explanations given to us and on the basis of our examination of the records are mentioned below: repayable on demand and which does not specify any terms and period of repayment, the details of which

of loan (a)Aggregate of total loans/ advances in nature	10,777.65	-	9,427.20	1,350.45
demand / agreement does not specify any terms (b)Out of total loans and advances, repayable on or period of repayment	10,777.65	-	9,427.20	1,350.45
to the total loans Percentage of loans/ advances in nature of loan	100.00%	-	100.00%	100.00%
[b/a*100]

Act. In respect of the investments made and loans given by the Company, in our opinion the provisions of Sections Company, the Company has not provided any guarantee or security as specified under Sections 185 and 186 of the 185 and 186 of the Act have been complied with.

(v) which are deemed to be deposits from the public. Accordingly, clause 3(v) of the Order is not applicable to the According to the information and explanations given to us, the Company has not accepted any deposits or amounts Company.

(vi) by the Central Government for maintenance of cost records under Section 148(1) of the Act in respect of its We have broadly reviewed the books of accounts maintained by the Company pursuant to the rules prescribed and maintained. However, we have not carried out a detailed examination of the records with a view to determine manufactured goods and are of the opinion that prima facie, the prescribed accounts and records have been made whether these are accurate or complete.

(vii) (a) According to the information and explanations given to us and on the basis of examination of the records of the Company, in our opinion, the Company is generally regular in depositing the undisputed statutory customs, duty of excise, value added tax, cess and any other material statutory dues applicable to it, with the dues including goods and services tax, provident fund, employees state insurance, income tax, duty of appropriate authorities though there has been a marginal delay in a few cases. aforesaid dues were in arrears as on March 31 According to the information and explanations given to us, no undisputed amount payable in respect of st, 2026 for a period more than six months from the date they became payable.

(b) tax, provident fund, employees state insurance, income tax, duty of customs, duty of excise, value added According to the information and explanations given to us, there are no material dues of goods and services tax, cess and any other material statutory dues applicable to it, which have not been deposited with the appropriate authorities on account of any dispute, except for the following: [Rs. in Lakhs] Name of the Nature of Dues Amount Amount Period to which Forum where the

Statute	Involved	Deposited	the amount relates (F.Y.)	dispute is pending
MP VAT Act, 2002 Value Added Tax	10.23	10.23	2016-17	M.P.C.T Appellate Board, Bhopal
Tax Act, 1956 Central Sales Central Sales Tax (A)	10.23 92.33	10.23 92.20	2016-17	Central Sales Tax
Service Tax (B) The Finance Act, 1994	92.33 2.03	92.20 0.16	2017-18	Appellate Authority, Commissioner Indore (Appeals), Indore
(C)	2.03	0.16
Total (A+B+C)	104.59	102.59

in the books of account, in the tax assessments under the Income Tax Act, 1961 as income during the year. the Company, the Company has not surrendered or disclosed any transactions, previously unrecorded as income (ix) (a) According to the records of the Company examined by us and the information and explanations given to us, the Company has not defaulted in repayment of loans or other borrowings or in the payment of interest to any lender during the year.

other lender.

(c) In our opinion, and according to the information and explanations given to us, the term loans have been applied, on an overall basis, for the purposes for which they were obtained. (d) According to the records of the Company examined by us and the information and explanation given to us, funds raised on short-term basis have, prima facie, not been utilized during the year for long-term purposes by the Company.

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

(f) According to the information and explanations given to us and procedures performed by us, we report that the Company has not raised loans during the year on the pledge of securities held in its subsidiaries, joint ventures or associate companies.

(x) (a) The Company has not raised any moneys by way of initial public offer or further public offer (including debt instruments). Accordingly, clause 3(x)(a) of the Order is not applicable to the Company.

(b) records of the Company, the Company has not made any preferential allotment or private placement of According to the information and explanations given to us and on the basis of our examination of the not applicable to the Company. shares or fully or partly convertible debentures during the year. Accordingly, clause 3(x)(b) of the Order is (xi) (a) with the generally accepted auditing practices in India, and according to the information and explanations During the course of our examination of the books and records of the Company, carried out in accordance noticed or reported during the year, nor have we been informed of any such case by the Management. given to us, we have neither come across any instance of material fraud by the Company or on the Company, (b) with the generally accepted auditing practices in India, and according to the information and explanations During the course of our examination of the books and records of the Company, carried out in accordance Companies (Audit and Auditors)Rules, 2014 was not required to be filed with the Central Government.given to us, a report under Section143(12) of the Act, in Form ADT-4, as prescribed under rule 13 of Accordingly, the reporting under Clause 3(xi)(b) of the Order is not applicable to the Company.

(c) received by the company during the year According to information and explanation given by management, there were no whistle blower complaints (xii) clause3(xii) of the Order is not applicable to the Company. According to the information and explanations given to us, the Company is not a Nidhi Company. Accordingly, (xiii) parties are in compliance with Sections 177 and 188 of the Act, where applicable, and the details of the related In our opinion and according to the information and explanations given to us, the transactions with related standards. party transactions have been disclosed in the financial statements as required by the applicable accounting (xiv) (a) Company has an internal audit system commensurate with the size and nature of its business. Based on information and explanations provided to us and our audit procedures, in our opinion, the (b) The reports of the Internal Auditor for the period under audit have been considered by us. (xv) into any non-cash transactions with its directors or persons connected to its directors and hence, provisions of In our opinion and according to the information and explanations given to us, the Company has not entered Section 192 of the Companies Act, 2013 are not applicable to the Company.

(xvi) (a) The Company is not required to be registered under Section 45-IA of the Reserve Bank of India Act, 1934. Accordingly, the reporting under Clause 3(xvi)(a) of the Order is not applicable to the Company.

(b) Accordingly, the reporting under Clause 3(xvi)(b) of the Order is not applicable to the Company. The Company has not conducted non-banking financial / housing finance activities during the year. (c) Bank of India. Accordingly, the reporting under Clause 3(xvi)(c) of the Order is not applicable to the The Company is not a Core Investment Company(CIC) as defined in the regulations made by the Reserve Company.

(d) the provisions of the Core Investment Companies (Reserve Bank) Directions, 2016) does not have any CIC. According to the information and explanations provided to us during the course of audit, the Group (as per year.

(xviii) There has been no resignation of the statutory auditors during the year. Accordingly, clause 3(xviii) of the Order is not applicable to the Company. (xix) and expected dates of realisation of financial assets and payment of financial liabilities, other information According to the information and explanations given to us and on the basis of the financial ratios, ageing and based on our examination of the evidence supporting the assumptions, nothing has come to our attention, accompanying the financial statements, our knowledge of the plans of the Board of Directors and Management not capable of meeting its liabilities existing at the date of balance sheet as and when they fall due within a period which causes us to believe that any material uncertainty exists as on the date of the audit report that Company is of the Company. We further state that our reporting is based on the facts up to the date of the audit report and we of one year from the balance sheet date. We, however, state that this is not an assurance as to the future viability balance sheet date, will get discharged by the Company as and when they fall due. neither give any guarantee nor any assurance that all liabilities falling due within a period of one year from the (xx) section(5) of Section 135 of the Act. Accordingly, reporting under clause 3(xx) of the Order is not applicable to The Company has during the year spent the amount of Corporate Social Responsibility as required under sub-the Company.

(xxi) statements. Accordingly, no comment in respect of the said clause has been included in this report. The reporting under Clause 3(xxi) of the Order is not applicable in respect of audit of standalone financial

	ICAIFor Firm Registration No. : 005279C Dilip K. Chartered Accountants Neema & Associates
Dated : May 30th, 2026 Place : Indore
	Membership No. : 074067 Dilip Proprietor Neema
	ICAI UDIN :26074067WNPOYZ1612

ANNEXURE–B TO THE INDEPENDENT AUDITORS REPORT

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (the Act)

Referred to in Paragraph 2(f) under Report on Other Legal and Regulatory Requirements section of the Independent

Auditors Report of even date to the members ofended March 31st, 2026, we report that: D P WIRES LIMITED on the financial statements as of and for the year We have audited the internal financial controls with reference to financial statements ofCompany) as of 31st, March, 2026 in conjunction with our audit of the financial statements of the Company for the year ended on that date. D P WIRES LIMITED (the Managements The Companys management is Responsibility for responsible for establishing and maintaining internal financial controls based on the Internal Financial Controls components of internal control stated in the Guidance Note on Audit of Internal Financial Controls over Financial internal control with reference to financial statements criteria established by the Company considering the essential implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring Reporting issued by the Institute of Chartered Accountants of India (ICAI). These responsibilities include the design, assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, andthe orderly and efficient conduct of its business, including adherence to companys policies, the safeguarding of its the timely preparation of reliable financial information, as required under the Companies Act, 2013. Auditors Our responsibility is to express an opinion on the Companys internal financial controls with reference to financial Responsibility Financial Controls over Financial Reporting (the Guidance Note) and the Standards on Auditing, issued by ICAI and statements based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal controls, both applicable to an audit of Internal Financial Controls and, both issued by the Institute of Chartered deemed to be prescribed under section 143(10) of the Act, to the extent applicable to an audit of internal financial plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over Accountants of India. Those Standards and the Guidance Note require that we comply with ethical requirements and financial reporting was established and maintained and if such controls operated effectively in all material respects. with reference to financial statements and their operating effectiveness. Our audit of internal financial controls with Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls reference to financial statements included to financial statements, assessing the risk that a material weakness exists, and testing and evaluating the design and obtaining an understanding of internal financial controls with reference judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditors fraud or error. opinion on the Companys internal financial controls with reference to financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit Meaning A companys internal financial of Internal Financial Controls controls With with reference to financial statements is a process designed to provide Reference to Financial Statements external purposes in accordance with generally accepted accounting principles. A companys internal financial controls reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of with reference to financial statements includes those policies and procedures that (1) pertain to the maintenance financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or of the company are being made only in accordance with authorizations of management and directors of the company; disposition of the companys assets that could have a material effect on the financial statements. Inherent Because of the inherent limitations of internal financial controls with reference to financial statements, including the Limitations of Internal Financial Controls Over Financial Reporting may occur and not be detected. Also, projections of any evaluation of the internal financial controls with reference possibility of collusion or improper management override of controls, material misstatements due to error or fraud to financial statementsto future periods are subject to the risk that the internal financial controls with reference to

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

	ICAI Firm Registration No. : 005279C For Dilip K. Chartered Accountants Neema & Associates
Dated : May 30th, 2026 Place : Indore
	Membership No. :074067 Dilip Proprietor Neema
	ICAI UDIN :26074067WNPOYZ1612