Delta Autocorp Ltd Auditor Reports

To

The Members Delta Autocorp Limited (Formerly Known as Delta Autocorp Private Limited)

(Formerly Known as Delta Autocorp LLP)

Report on the Audit of the Financial Statements

1. Opinion

We have Audited the accompanying financial

statements of Delta Autocorp Limited (Formerly Known as Delta Autocorp Private Limited) (Formerly Known as Delta Autocorp LLP) ("the Company"), which comprise the Balance Sheet as at March 31, 2025, the Statement of Profit and Loss and the Cash Flow Statement for the Year then ended and notes to the financial statements, including a summary of 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 financial statements give the information required by the Companies Act, 2013 ("the Act") in the manner so required and give a true and fair view in conformity with the Accounting Standards specified under section 133 of the Act read with the Companies (Accounting Standards) Rules, 2021, as amended ("Accounting Standards") and other accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2025, its profit and cash flows for the year ended on that date.

2. Basis for Opinion

We conducted our audit of the financial

statements 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 Responsibility for the Audit of the 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 (iCAl) together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 and the Rules there under, and we have fulfilled our other ethical responsibilities 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 financial statements.

3. Other Matters- a) The Company Delta Autocorp Limited was incorporated by way of conversion from Delta Autocorp Pvt Ltd. which was incorporated by way of conversion from M/s Delta Autocorp LLP on 23/07/2023 and was listed on NSE SME Platform on 14/01/2025.

b) We draw attention to the intangible assets under development as per note no 10 and ageing analysis under note no 37 (viii) & (ix) amounting to INR 290.60 lakhs (Previous year INR 103.27 lakhs) are pending capitalization.

4. Information Other than the Financial Statements and Auditors Report Thereon

The Companys management and Board of Directors are responsible for

other information. The other information comprises the information included in the Management Discussion and Analysis, Directors Report (the "Reports") including Annexures to Directors Report, Corporate Governance and Shareholders Information but does not include the financial statements and our auditors report thereon.

Our opinion on the financial statements

does not cover the other information and we do not express any form of assurance or conclusion thereon.

In connection with our audit of the financial

statements, our responsibility is to read the other information identified above when it becomes available, and in doing so, consider whether the other information is materially inconsistent with the 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, 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.

5. Management and Those Charged with Governances Responsibility for the Financial Statements

The Companys management and Board of Directors are responsible for the matters stated in section 134(5) of the Act with respect to the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the company in accordance with the Accounting Standards and other accounting principles generally accepted in India, including the accounting standards 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 the assets of the Company

and for preventing and detecting frauds and other irregularities; selection and application of appropriate implantation and maintenance of 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 preparation and presentation of the financial statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the financial statements,

management and Board of Directors 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. Those Board of Directors are also responsible for overseeing the Companys financial reporting process.

6. Auditors Responsibility for the Audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the 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 financial statements.

79

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 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 74 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 financial statements 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 conditions may cause the Company to cease to continue as a going concern.

Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether

the financial statements represent the

underlying transactions and events in a manner that achieves fair presentation.7 of Companies (Meetings of Board and its Powers) Rules, 2014, your Company has established a vigil mechanism. Further, Whistle Blower & Vigil Mechanism Policy as required has been uploaded on the website of the Company at www.deltic.co.

We communicate with those charged with governance regarding, among other 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.

7. Report on Other Legal and Regulatory Requirements

As required by the Companies (Auditors Report) Order, 2020 ("the Order"), issued by the Central Government of India in terms of subsection (ll) of section 143 of the Companies Act, 2013, we give in the Annexure A statement on the matters specified in paragraphs 3 and 4 of the Order, to the extent applicable.

8. 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 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 examination of those books.

C. The balance sheet, the statement of profit and loss dealt with by this report are in agreement with the relevant books of account and return.

D. In our opinion, the aforesaid financial

statements comply with the Accounting Standards specified under Section 133 of the

Act, read with the Companies (Accounting Standards) Rules, 2021.

E. In our opinion there is no observation or comment to be made by us on financial transactions or matters which have any adverse effect on the functioning of the company.

F. On the basis of the written representations received from the directors as on March 31, 2025 taken on record by the Board of Directors, none of the directors are disqualified as on March 31, 2025 from being appointed as a director in terms of Section 164(2) of the Act.

G. 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".

H. There is no qualification, reservation or adverse remark relating to the maintenance of accounts and other matters connected therewith;

I. With respect to the other matters to be included in the Auditors Report in accordance with the requirements of section 197(16) of the Act, as amended:

In our opinion and to the best of our information and according to the explanations given to us, the remuneration paid by the Company to its directors during the period is in accordance with the provisions of section 197 of the Act.

J. 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, 2021, as amended in our opinion and to the best of our information and according to the explanations given to us:

a) The company has disclosed the impact of pending litigations on its financial position in its financial statements.

b) The Company did not have any longterm contracts including derivative contracts for which there were any material foreseeable losses.

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

Education and Protection Fund by the Company.

cl)

i. The management has represented that, to the best of its knowledge and belief, other than as disclosed in the notes to the accounts, 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 Company to or in any other persons or entities, including foreign entities ("Intermediaries"), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever ("Ultimate Beneficiaries") by or on behalf of the Company provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

ii. The management has represented, that, to the best of its knowledge and belief, other than as disclosed in the notes to the accounts, no funds have been received by the Company from any persons or entities, including foreign entities ("Funding Parties"), with the understanding, whether recorded in writing or otherwise, that the Company shall directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever ("Ultimate Beneficiaries") by or on behalf of the Funding Party or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries; and

iii. Based on such audit procedures performed that have been considered reasonable and appropriate in the circumstances, nothing has come to our notice that has caused us to believe that the representations under subclause (d) (i) and (d) (ii) contain any material misstatement.

e) The Company has not declared any dividend during the period and hence, compliance with Section 123 of the Act is not applicable.

Q1

f) The company has. used such accounting software for maintaining its books of account which has a feature of recording audit trail (edit log) facility and the same has been operated throughout the year for all transactions recorded in the software and the audit trail feature has not been tampered with and the audit trail has been preserved by the company as per the statutory requirements for record retention. OBLIGATION OF COMPANY UNDER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACTS, 2013

For Padam Dinesh & Co.

Chartered Accountants (FRN: 009061N)

For V. Singhi & Associates Chartered Accountants (FRN : 0311017E)

Padam Kumar Gupta(Partner)

(M No: 087747)

UDIN: 25087747BMIKDE4688 Place: New Delhi Date: 30-May-25

Naveen Kankaria ( Partner)

(M No : 153214)

UDIN: 25153214BMIFRB3105 Place: New Delhi Date: 30-May-25

ANNEXURE "B" TO THE INDEPENDENT AUDITORS REPORT

(Referred to in paragraph 9(g) of our report of even date on the Internal Financial Controls Over Financial Statement under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 ("the Act")

We have audited the internal financial controls over financial statement of Delta Autocorp Limited (Formerly Known as Delta Autocorp Private Limited) (Formerly Known as Delta Autocorp LLP) ("the Company") as of March 31, 2025 in conjunction with our audit of the 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 statement 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 Statement issued by the Institute of Chartered Accountants of India. 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 its business, including adherence to respective 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 Companies Act, 2013.

Auditors Responsibility

Our responsibility is to express an opinion on the Companys internal financial controls over financial

statement of the Company and its joint operations companies incorporated in India (retain as

applicable) based on our audit. We conducted our audit in accordance with the Guidance Note on

Audit of Internal Financial Controls Over Financial Statement (the "Guidance Note") issued by the

Institute of Chartered Accountants of India and the Standards on Auditing prescribed under Section

143(10) of the Companies Act, 2013, to the

extent applicable to an audit of internal financial controls. 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 statement was established and maintained and if 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 system over financial statement and their operating effectiveness. Our audit of internal financial controls over financial statement included obtaining an understanding of internal financial controls over financial statement, 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 judgement, including the assessment of the risks of material misstatement of the 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 statements.

Meaning of Internal Financial Controls

Over Financial statement

A companys internal financial control over financial statement is a process designed to provide reasonable assurance regarding the reliability of financial statement and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A companys internal financial control over financial statement includes those policies and procedures that (l) 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 the 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 of the companys assets that could have a material effect on the financial statements.

Inherent Limitations of Internal Financial Controls Over Financial statement

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

Opinion

In our opinion, to the best of our information and according to the explanations given to us, the Company has, in all material respects, an adequate internal financial controls system over financial statement and such internal financial controls over financial statement were operating effectively as at March 31,2025, based on the criteria for internal financial control over financial statement established by the Company considering the essential components of internal control stated in the Guidance Note issued by ICAI.

For Padam Dinesh & Co.

Chartered Accountants (FRN: 009061N)

For Padam Dinesh & Co.

Chartered Accountants (FRN : 009061N)

For V. Singhi & Associates Chartered Accountants (FRN : 0311017E)

Padam Kumar Gupta(Partner)

(M No: 087747)

UDIN: 25087747BMIKDE4688 Place: New Delhi Date: 30-May-25

Naveen Kankaria ( Partner)

(M No : 153214)

UDIN: 25153214BMIFRB3105 Place: New Delhi Date: 30-May-25

ANNEXURE A (CARO) referred in Paragraph 8 of "Report on Other Legal and Regulatory Requirements"

In terms of information and explanations sought by us and given by the company and the books of accounts and records examined by us in the normal course of audit and to the best of our knowledge and belief , we state that :

1. a (i) The Company has maintained proper records showing full particulars, including quantitative details and situation of its Property, Plant and Equipment.

(ii) The Company has maintained proper records showing full particulars of intangibles assets.

b Property, Plant and Equipment have been physically verified by the management at reasonable intervals and no material discrepancies were identified on such verification.

c All immovable properties held by the company are on lease.

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 for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made there under, as at 31st March 2025.

2. a According to the information and explanations given to us, physical verification of inventories has been conducted at reasonable intervals by the management and on the basis of our examination the coverage and procedure of such verification by the management is appropriate and the discrepancies noticed on physical stocks and book records were not 10 percent or more in the aggregate for each class of inventory and the same have been properly dealt with in the books of account.

b The Company has borrowings from banks or financial institutions on the basis of security of current assets and quarterly returns or statements of current assets filed by the Company with banks or financial institutions are in agreement with the books of accounts except for below Quarter ended periods :

Quarter Ending	Name of Bank	Particulars of Securities Provided	Amount as per Books of Account (3 in lakhs)	Amount as reported in the quarterly return /statement (3 in lakhs)	Amount of difference (3 in lakhs)	Reason for material discrepancies
30/09/2024	DBS Bank LTD	Stock Statement	1,607.00	1,607.00	-	No variance noticed
30/09/2024	DBS Bank LTD	Book debts	1,095.95	1,030.00	65.95	The Company has submitted statements after inadvertently netting-off some advances
31/12/2024	DBS Bank LTD	Stock Statement	1,611.60	1,611.60		No variance noticed
31/12/2025	DBS Bank LTD	Book Debts	601.48	598.00	3.48	The Company has submitted statements after inadvertently netting-off some advance
31/03/2025	DBS Bank LTD	Stock Statement	1,825.89	1,806.00	19.89	Materials with vendor has nc been included in the stock statements submitted with the bank
31/03/2025	DBS Bank LTD	Book Debts	1,660.53	2,024.50	363.97	The Company has submitted statements after inadvertently netting-off some advances and has taken corrective measures.

3 a (i) According to the information and explanations given to us, during the year the company has

not provided loans, advances in the nature of loans, stood guarantee or provided securities to companies, firms, Limited Liability Partnerships or any other parties. Accordingly, the requirement to report on clause 3(iii)(a) of the Order is not applicable to the Company.

(ii) According to the information ar explanations given to us, during the year th company has not provided loans, advances the nature of loans, stood guarantee or provide securities to companies, firms, Limited Liabili Partnerships or any other parties. According! the requirement to report on clause 3(iii)(a) ? the Order is not applicable to the Company.

b During the year the Company has not made investments, provided guarantees, provided security and granted loans and advances in the nature of loans to companies, firms, Limited Liability Partnerships or any other parties. Accordingly, the requirement to report on clause 3(iii)(b) of the Order is not applicable to the Company.

c The Company has not granted loans and advances in the nature of loans to companies, firms, Limited Liability Partnerships or any other parties. Accordingly, the requirement to report on clause 3(iii)(c) of the Order is not applicable to the Company.

The Company has not granted loans and advances in the nature of loans to companies, firms,

d Limited Liability Partnerships or any other parties. Accordingly, the requirement to report on clause 3(iii)(d) of the Order is not applicable to the Company.

e There was no loans and advances in the nature of loan granted to companies, firms, Limited Liability Partnerships or any other parties. Accordingly, the requirement to report on clause 3(iii)(e) of the Order is not applicable to the Company.

f The Company has not granted any loans and advances in the nature of loans, either repayable on demand or without specifying any terms or period of repayment to companies, firms, Limited Liability Partnerships or any other parties. Accordingly, the requirement to report on clause 3(iii)(f) of the Order is not applicable to the Company.

4 The Company has complied with the provisions of sections 186 of the Act in respect of investments made. The provisions of section 185 of the Act are not applicable, since the Company has not advanced any loan under the said section.

5 The Company has not accepted any deposits from the public during the year within the meaning of sections 73 to 76 of the Act and the rules framed thereunder to the extent

notified.

6 The Central Government has not prescribed the maintenance of the cost records under sub-section (1) of the section 148 of the Act in respect of business carried on by the Company, Accordingly, clause 3(vi) of the Order is not applicable.

7 a Statutory dues demand outstanding

Particular	Year	Amount (Rs Lakhs)	Remarks
TDS	2024-25	0.02
Labour Welfare Fund	2024-25	0.14	Paid in MAY

 

Nature of Statute	Nature of Dues	Forum where dispute is pending	Period to which it relates	Amount involved (Rs. Lakhs)
GST	GST	Appellate Authority	Financial Year 2019 - 20	21.40 (appeal disposed off on 28-01-25)
Custom	Custom Duty	Assisstant Commissioner of Cutoms	01.04.2024 30.06.2024	77.60

8 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).

9. a.

financial institutions and Government. Accordingly, reporting under clause 3(ix)(a) of the Order is not applicable.

b.

or other lender.

c. The Company has not obtained any term loans. Accordingly, clause 3(ix)(c) of the Order is not applicable.

d. We report that no funds raised on short-term basis by the Company have been utilized for long term purposes. Accordingly, clause 3(ix)(d) of the Order is not applicable.

e.

obligations of its subsidiaries, associates or joint ventures.

f. The Company has not raised loans during the year on the pledge of securities held in its subsidiaries, joint ventures or associate companies. Hence, the requirement to report on clause (ix)(f) of the Order is not applicable to the Company.

10. a.

share totaling an amount of INR 5054.4Lakhs by way of initial public offer (IPO). Out of the total amount raised as per IPO, INR 400.00 Lakhs relates to offer related expenses and Net Proceeds of INR 1472.2 Lakhs.as used during the year for the purpose for which it was raised and balance amount of INR 3182.20 are maintained in fixed deposit pending as on 31 March 2025 to use for

the purpose of the IPO.

b. The Company has not made preferential an allotment or private placement of shares or fully or partly convertible debentures during the year. Accordingly, clause 3(x)(b) of the Order is not applicable.

11. a.

fraud by the Company or no material fraud on the Company has been noticed or reported during the year.

b. No report under sub-section (12) of section 143 of the Companies Act has been filed in Form ADT-4 as prescribed under rule 13 of 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.

12. a. The Company is not a Nidhi Company. Accordingly, reporting under clause 3(xii) of the Order is

not applicable to the Company.

b. The Company is not a Nidhi Company. Accordingly, reporting under clause 3(xii) of the Order is not applicable to the Company.

c. The Company is not a Nidhi Company. Accordingly, reporting under clause 3(xii) of the Order is not applicable to the Company.

13. In our opinion, the Company is in compliance with section 177 and 178 of the Companies Act, 2013 where applicable, for all transactions with the related parties and the details of related party transactions have been disclosed in the financial statements as required by the applicable Accounting Standards.

14. a. In our opinion, the Company has an adequate internal audit system commensurate with the

size and the nature of its business.

b. We have considered, the internal audits report for the year

15. In our opinion, the Company is in compliance with section 177 and 178 of the Companies Act, 2013 where applicable, for all transactions with the related parties and the details of related party transactions have been disclosed in the financial statements as required by the applicable Accounting Standards.

16. a.

India Act, 1934. Accordingly, reporting under clause 3(xvi)(a) and (b) of the Order are not applicable.

b.

India Act, 1934. Accordingly, reporting under clause 3(xvi)(a) and (b) of the Order are not applicable.

c. The Company is not a Core Investment Company (CIC) as defined in the regulations made by the Reserve Bank of India. Accordingly, clause 3(xvi)(c) of the Order is not applicable.

d. The Group does not have any CIC. Accordingly, the requirements of clause 3(xvi)(d) of the Order are not applicable.

17. The Company has not incurred any cash losses for the year ending 31st March 2025.

18. There has been no resignation of Statutory Auditors of the Company during the year. Accordingly, clause 3(xviii) of the Order is not applicable.

19. On the basis of financial ratios, ageing and expected dates of realization of financial assets and payment of financial liabilities, other information accompanying the financial statements and our knowledge of the Board of Directors and Management plans and based on our examination of the evidence supporting the assumptions, nothing has come to our attention which causes us to believe that any material uncertainty exists as on the date of the audit report indicating that Company is not 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 assurance as to the future viability of the Company. We further state that our reporting is based on the facts up to the date of 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 will get discharged by the Company as and when they fall due.

20. The company is not required to transfer unspent amount to a fund specified in Schedule VII to the Companies Act for other than ongoing projects.In respect of ongoing projects, there are no unspent CSR amount remaining at the end of financial year required to be transferred to a Special Account. Hence, reporting under clause 3(xx)(b) of the Order is not applicable for the year .

21. In respect of Clause 3(xxi) of the Companies (Auditors Report) Order, 2020 (CARO 2020), we report that the requirement to prepare Consolidated Financial Statements (cfs) is not applicable to the Company. Consequently, this clause is not applicable.

For Padam Dinesh & Co. Chartered Accountants FRN - 009061N

Padam Kumar Gupta (Partner)

M. No.- 087747 UDIN: 25087747BMIKDE4688 Place: New Delhi Date: 30-May-25

For V. Singhi & Associates Chartered Accountants FRN - 0311017E

Naveen Kankaria (Partner)

M. No.-l53214 UDIN: 25153214BMIFRB3105 Place: New Delhi Date: 30-May-25