Dr Lal Pathlabs Ltd Auditor Reports

To The Members Of Dr. Lal Pathlabs Limited

REPORT ON THE AUDIT OF THE STANDALONE FINANCIAL STATEMENTS

Opinion

We have audited the accompanying standalone nancial statements of Dr. Lal PathLabs Limited (he Company, which comprise the Balance Sheet as at March 31, 2026, and the Statement of Pro t and Loss (including Other Comprehensive

Income), the Cash Flows tatement and the tatement of Changes in Equity for the year ended on that date, and notes to the nancial statements, including a summary of material 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

nancial 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 Indian

Accounting Standards prescribed under section 133 of the

Act, (Ind A and other accounting principles generally accepted in India, of the state of affairs of the Company as at

March 31, 2026, and its pro t, total comprehensive income, its cash flows and the changes in equity for the year ended on that date

Basis for Opinion

We conducted our audit of the standalone nancial statements in accordance with the Standards on Auditing ("SAs") speci ed under section 143(10) of the Act. Our responsibilities under those tandards are further described in the Auditors Responsibility for the Audit of the tandalone Financial tatements section of our reporte are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (CAI together with the ethical requirements that are relevant to our audit of the standalone nancial statements under the provisions of the Act and the Rules made thereunder, and we have ful lled our other ethical responsibilities in accordance with these requirements and the ICAIs Code of Ethicse believe that the audit evidence obtained by us is suf cient and appropriate to provide a basis for our audit opinion on the standalone

nancial statements.

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most signi cance in our audit of the standalone nancial statements of the current period. These matters were addressed in the context of our audit of the standalone nancial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matterse have determined the matters described below to be the key audit matters to be communicated in our report

Key Audit Matter	Auditors Response
1 Revenue recognition - Reliance on information technology and system for controls over pricing master file	Principal audit procedures performed:
We identified reliance on information technology and system for controls over pricing master file as a key audit matter due to a likelihood of material misstatement in revenue recognition, resulting from unauthorised alterations to the pricing master file, on account of high volume of patient transactions.	• Obtained an understanding of and assessed and tested the design, implementation and operating effectiveness of relevant internal controls relating to authorisation of alterations to the pricing master file.
Refer to notes 2.3 and 25 to the standalone financial statements.	• Tested the controls around the access rights to the price masters by involving information technology specialists.
	• Tested the controls for approval of price changes made to the price master during the year on a test check basis.
	• Tested the automated controls for auto pick of the prices defined in the system based on the tests selected.
	• Performed substantive testing on changes to price master made during the year on test check basis by examining policies and that the supporting approvals, to verify the changes were authorised.
	• Tested the reports of changes in the pricing master files for completeness and accuracy by involving information technology specialists.

 

2 Impairment of intangible assets (Goodwill)	Principal audit procedures performed:
The Company has intangible asset with indefinite life comprising Goodwill of 4,700 million as at March 31, 2026 on account of acquisition of Suburban Diagnostics (India) Private Limited.	• Evaluated the design, implementation and operating effectiveness of controls over impairment assessment, including controls relating to review of future cash flow forecasts (including forecast of future revenue and operating margins) and controls relating to review of assumptions of discount rates and the long-term growth rates;
The Companys evaluation of impairment of goodwill requires the management to assess the recoverable value of cash generating unit to its carrying value in accordance with Ind AS 36, Impairment of Assets. The recoverable amount is determined based on the value in use model.	• Evaluated the reasonableness of the estimates used by management in assessment of future cash flow forecasts and operating margins by comparing them to Historical revenue and operating margins, latest approved targets and long term plans;
The Company has determined recoverable value, which includes use of discounted cash flow model to estimate recoverable value which requires management and Board of Directors to make estimates and assumptions related to future cash flow forecasts (including forecast of future revenue and operating margins), discount rates and the long-term growth rates applied to these future cash flow forecasts and the same is reviewed by Board of Directors. Changes in these estimates and assumptions could have a significant impact on the assessment of the recoverable value and the consequential impact on carrying value of Goodwill.	• With the assistance of our fair value specialist, evaluated the appropriateness of the valuation methodology and reasonableness of the key valuation assumptions used by management and tested mathematical accuracy of the calculations used in assessment of recoverable value;
	• Evaluated the sensitivity analysis performed by the management on the projections by varying key assumptions such as discount and growth rates (including terminal growth rate).
	• Evaluated the appropriateness of the accounting and disclosures in the standalone financial statements in compliance with the accounting standards.

Information Other than the Financial Statements and Auditors Report Thereon

(a) The Companys Board of Directors are responsible for the other information. The other information comprises the information included in the Management Discussion and Analysis, Directors Report including annexures to Directors Report, usiness Responsibility and ustainability Report and Report on Corporate Governance, but does not include the consolidated

nancial statements, standalone nancial statements and our auditors report thereon

(b) Our opinion on the standalone nancial statements does not cover the other information and we will not express any form of assurance conclusion thereon

(c) In connection with our audit of the standalone nancial statements, our responsibility is to read the other information identi ed above when it becomes available, and, in doing so, consider whether the other information is materially inconsistent with the standalone nancial statements or our knowledge obtained during the course of our audit or otherwise appears to be materially misstated

(d) 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 facte have nothing to report in this regard

Responsibilities of Management and Board of Directors for the Standalone Financial Statements

The Companys Board of Directors are responsible for the matters stated in section 134(5) of the Act with respect to the preparation of these standalone nancial statements that give a true and fair view of the nancial position, nancial performance including other comprehensive income, cash flows and changes in equity of the Company in accordance with the accounting principles generally accepted in India, including Ind AS speci ed 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 accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal nancial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the nancial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error

In preparing the standalone nancial statements, management and oard of Directors are 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 the oard of Directors either intend to liquidate the Company or to cease operations, or has no realistic alternative but to do so

The Companys Board of Directors are also responsible for overseeing the Companys nancial reporting process.

Auditors Responsibility for the Audit of the Standalone Financial Statements

Our objectives are to obtain reasonable assurance about whether the standalone nancial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors report that includes our opinionReasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with As will always detect a material misstatement when it existsMisstatements 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

nancial statements.

As part of an audit in accordance with As, we exercise professional judgment and maintain professional skepticism throughout the audite also

(a) Identify and assess the risks of material misstatement of the standalone nancial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is suf cient 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

(b) Obtain an understanding of internal nancial controls relevant to the audit in order to design audit procedures that are appropriate in the circumstancesder section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal nancial controls with reference to standalone nancial statements in place and the operating effectiveness of such controls

(c) Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the management

(d) 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 signi cant doubt on the Companys ability to continue as a going concernIf 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. Our conclusions are based on the audit evidence obtained up to the date of our auditors reportowever, future events or conditions may cause the Company to cease to continue as a going concern

(e) Evaluate the overall presentation, structure and content of the standalone nancial 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 nancial statements may be influencede consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and

(ii) to evaluate the effect of any identi ed misstatements in the standalone nancial statements.

e communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and signi cant audit ndings, including any signi cant de ciencies in internal nancial controls that we identify during our audit

e 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

From the matters communicated with those charged with governance, we determine those matters that were of most signi cance in the audit of the standalone nancial statements of the current period and are therefore the key audit matterse describe these matters in our auditors report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest bene ts of such communication.

Report on Other Legal and Regulatory Requirements

1. As required by Section 143(3) of the Act, based on our audit we report that

a) e 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 which are companies incorporated in India so far as it appears from our examination of those books

c) The Balance Sheet, the Statement of Pro t and Loss including Other Comprehensive Income, the

Cash Flows tatement and tatement of Changes in Equity dealt with by this Report are in agreement with the books of account

d) In our opinion, the aforesaid standalone nancial statements comply with the Ind AS speci ed under Section 133 of the Act.

e) On the basis of the written representations received from the directors as on March 31, 2026 taken on record by the oard of Directors, none of the directors is disquali ed as on March 31, 2026 from being appointed as a director in terms of ection

164(2) of the Act.

f) With respect to the adequacy of the internal nancial controls with reference to standalone nancial statements of the Company and the operating effectiveness of such controls, refer to our separate

Report in "Annexure A". Our report expresses an unmodified opinion on the adequacy and operating effectiveness of the Companys internal

nancial controls with reference to standalone nancial statements.

g) th 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 year is in accordance with the provisions of section 197 of the Act.

h) th 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 information and according to the explanations given to us

i. The Company has disclosed the impact of pending litigations on its nancial position in its standalone nancial statements. Refer Note 35 to the standalone nancial statements;

ii. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses. Refer Note 50 to the standalone nancial statements;

iii. There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the Company. Refer Note 51 to the standalone nancial statements.

iv. (a) The Management has represented that, to the best of its knowledge and belief, as disclosed in the note 47 (h) to the standalone financial statements 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 person(s) or entity(ies), 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 identi ed in any manner whatsoever by or on behalf of the Company ("Ultimate Bene ciaries") or provide any guarantee, security or the like on behalf of the Ultimate Bene ciaries.

(b) The Management has represented, that, to the best of its knowledge and belief, as disclosed in the note 47 (i) to the standalone nancial statements, no funds have been received by the Company from any person(s) or entity(ies), including foreign entities (unding 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 identi ed in any manner whatsoever by or on behalf of the Funding Party (timate

Bene ciaries") or provide any guarantee, security or the like on behalf of the

Ultimate Bene ciaries.

(c) ased on the 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 sub-clause (i) and (ii) of Rule 11(e), as provided under (a) and (b) above, contain any material misstatement

v. The nal dividend proposed in the previous year, declared and paid by the Company during the year is in accordance with section 123 of the Act, as applicable

The interim dividend declared and paid by the

Company during the year and until the date of this report is in compliance with section 123 of the Act

As stated in note 19 (v) and 20 to the standalone nancial statements, the Board of Directors of the Company has proposed

nal dividend for the year which is subject to the approval of the members at the ensuing Annual General Meeting uch dividend proposed is in accordance with section 123 of the Act, as applicable

vi ased on our examination which included test checks, the Company has used accounting softwares for maintaining its books of account for the nancial year ended March 31, 2026 which have a feature of recording audit trail (edit log) facility and the same operated for all 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 feature being tampered with, in respect of the accounting softwares used by the Company for the period for which the audit trail feature was enabled and operating

Additionally audit trail has been preserved by the Company as per the statutory requirements for record retention

2. As required by the Companies (Auditors Report) Order, 2020 ("the Order") issued by the Central Government in terms of Section 143(11) of the Act, we give in "Annexure B" a statement on the matters speci ed in paragraphs 3 and 4 of the Order.

Annexure "A" to the Independent Auditors Report

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

Report on the Internal Financial Controls with reference to standalone financial statements under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 ("the Act")

We have audited the internal nancial controls with reference to standalone nancial statements of Dr. Lal PathLabs Limited ("the Company") as at March 31, 2026 in conjunction with our audit of the standalone Ind AS nancial statements of the

Company for the year ended on that date

Managements and Board of Directors Responsibility for Internal Financial Controls

The Companys management and Board of Directors are responsible for establishing and maintaining internal nancial controls with reference to standalone nancial statements based on the internal control with reference to standalone

nancial statements 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". These responsibilities include the design, implementation and maintenance of adequate internal nancial controls that were operating effectively for ensuring the orderly and ef cient conduct of its 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 Companies

Act, 2013.

Auditors Responsibility

Our responsibility is to express an opinion on the Companys internal financial controls with reference to standalone

nancial statements of the Company based on our audit. e conducted our audit in accordance with the Guidance

Note on Audit of Internal Financial Controls Over Financial Reporting (the "Guidance Note") issued by the Institute of

Chartered Accountants of India and the tandards on Auditing prescribed under Section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal nancial controls with reference to standalone nancial statements. 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 with reference to standalone

nancial statements 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 nancial controls with reference to standalone nancial statements and their operating effectiveness. Our audit of internal nancial controls with reference to standalone nancial statements included obtaining an understanding of internal nancial controls with reference to standalone nancial 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 judgement, including the assessment of the risks of material misstatement of the nancial statements, whether due to fraud or error

e believe that the audit evidence we have obtained, is suf cient and appropriate to provide a basis for our audit opinion on the Companys internal nancial controls with reference to standalone nancial statements.

Meaning of Internal Financial Controls with reference to standalone financial statements

A companys internal nancial control with reference to standalone financial statements is a process designed to provide reasonable assurance regarding the reliability of nancial reporting and the preparation of standalone nancial statements for external purposes in accordance with generally accepted accounting principlesA companys internal nancial control with reference to standalone nancial statements includes those policies and procedures that (1) 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 standalone nancial 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 standalone nancial statements.

Inherent Limitations of Internal Financial Controls with reference to standalone financial statements

Because of the inherent limitations of internal nancial controls with reference to standalone nancial statements, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detectedAlso, projections of any evaluation of the internal nancial controls with reference to standalone nancial statements to future periods are subject to the risk that the internal nancial control with reference to standalone nancial statements 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 nancial controls with reference to standalone nancial statements and such internal financial controls with reference to standalone financial statements were operating effectively as at

March 31, 2026, based on the criteria for internal nancial control with reference to standalone nancial statements 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

Annexure "B" to the Independent Auditors Report

(Referred to in paragraph 2 under ‘Report on Other Legal and Regulatory Requirements section of our report of even date)

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

(i) (a) In respect of its xed assets (Property, Plant and Equipment):

(i) The Company has maintained proper records showing full particulars, including quantitative details and situation of property, plant and equipment, capital work-in-progress, investment property and relevant details of right-of-use assets

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

(b) The Company has a program of veri cation of property, plant and equipment, capital work- in-progress, investment property and right-of-use assets so as to cover all the items in a phased manner over a period of two years which, in our opinion, is reasonable having regard to the sie of the Company and the nature of its assetsPursuant to the program, Property, Plant and Equipment, capital work- in-progress and investment property were due for veri cation during the year and were physically veri ed by the Management during the year. According to the information and explanations given to us, no material discrepancies were noticed on such veri cation.

(c) th respect to immovable properties (other than properties where the Company is the lessee) disclosed in the note

47 (a) to the standalone nancial statements included in property, plant and equipment, according to the information and explanations given to us and based on the examination of the registered sale deed / transfer deed / conveyance deed / occupancy certi cate provided to us, we report that, the title deeds of such immovable properties are held in the name of the Company as at the balance sheet date, except for the following

	As at the balance sheet date
Description of property	Rs. ( Gross carrying value Million)	Carrying value in the standalone financial statements (Rs. Million)	Held in the name of	Whether promoter, director or their relative or employee	Period held	Reason for not being held in name of Company
Flat No 4A, First Floor, 11 B.T. Road, aranagar, Parganas (North), Kolkata.	0.18	0.08	Dr. Lal PathLabs Private Limited	No	April 01, 2013	These properties were acquired pursuant to the amalgamation of Medicave Diagnostic Centre Private
Flat No 4, First Floor, 11 B.T. Road, aranagar, Parganas (North), Kolkata.	0.18	0.08	Dr. Lal PathLabs Private Limited	No	April 01, 2013	Limited with the Company with effect from May 21, 2015 with the appointed date being April 01, 2013.
Flat no 3, Premises no 11, Mouza Nainan, B.T. Road, aranagar, Parganas (North), Kolkata along with garage	0.18	0.08	Dr. Lal PathLabs Private Limited	No	April 01, 2013	The title of these properties was mutated in the name of Dr. Lal PathLabs Private Limited on February 19, 2018. Subsequently, the Company was converted into a public company and the Registrar of Companies NCT of Delhi & Haryana issued a fresh certi cate of incorporation w August 19, 2015.
Room No 7 & 8, 48B, B.T. Road, aranagar, Parganas (North), Kolkata.	0.10	0.05	Dr. Lal PathLabs Private Limited	No	April 01, 2013
Room No 11 & 13, 48B, B.T. Road, aranagar, Parganas (North), Kolkata.	0.07	0.04	Dr. Lal PathLabs Private Limited	No	April 01, 2013
Leasehold building situated at Sector 18, Block E, Rohini, Delhi	130.27	74.20	Dr. Lal PathLabs Private Limited	No	April 08, 2005	The lease deed was signed on April 08, 2005 in the name of Dr. Lal PathLabs Private Limited. Subsequently, the Company was converted into a public company and the Registrar of Companies NCT of Delhi & Haryana issued a fresh certi cate of incorporation w August 19, 2015.

(d) The Company has not revalued any of its property, plant and equipment (including Right of e assets) and intangible assets during the year

(e) According to the information and explanations given to us, no proceedings have been initiated during the year or are pending against the Company as at March

31, 2026 for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (as amended in 2016) and rules made thereunder.

(ii) (a) The inventories were physically veri ed during the year by the Management at reasonable intervals In our opinion and according to the information and explanations given to us, the coverage and procedure of such veri cation by the Management is appropriate having regard to the sie of the

Company and the nature of its operations. No discrepancies of 10% or more in the aggregate for each class of inventories were noticed on such physical veri cation of inventories when compared with the books of account

(b) According to the information and explanations given to us, the Company has been sanctioned working capital limits in excess of Rs. 5 crores, in aggregate, at points of time during the year, from banks or

nancial institutions on the basis of security of fixed depositsased on the information and explanations given to us, no returns or statements were required to be led by the Company with such banks till the date of this report

(iii) The Company has made investments in companies and other parties and granted loans to other parties during the year, in respect of which

(a) The Company has provided loans during the year and details of which are given below

Particulars	Loans
A. Aggregate amount granted/ provided
during the year
- Others	39.84
alance outstanding as at balance sheet
date in respect of the above cases
- Others	18.03

(b) The investments made and the terms and conditions of the grant of all the above-mentioned loans provided, during the year are, in our opinion, prima facie, not prejudicial to the Companys interest

(c) In respect of loans granted by the Company, the schedule of repayment of principal has been stipulated and the repayments of principal amounts are regular as per stipulation and no interest is charged based on stipulation in respect thereof

(d) According to information and explanations given to us and based on the audit procedures performed, in respect of loans granted by the Company, there is no overdue amount remaining outstanding as at the balance sheet date

(e) No loan granted by the Company which has fallen due during the year, has been renewed or extended or fresh loans granted to settle the overdues of existing loans given to the same parties

(f) According to information and explanations given to us and based on the audit procedures performed, the Company has not granted any loans either repayable on demand or without specifying any terms or period of repayment during the year ence, reporting under clause (iii)(f) is not applicable

(g) The Company has not made investments in rms or Limited Liability Partnerships and has not provided any guarantee or security, and granted any advances in the nature of loans, secured or unsecured, to companies, rms, Limited Liability Partnerships or any other parties and has not granted any loans to companies, rms and Limited Liability Partnerships during the year

(iv) In our opinion and according to the information and explanations given to us, the Company has complied with the provisions of Sections 185 and 186 of the Companies Act, 2013 in respect of loans granted, investments made and guarantees, and securities provided, as applicable

(v) According to the information and explanations given to us, the Company has not accepted any deposit or amounts which are deemed to be deposits during the year. The Company does not have any unclaimed deposits and accordingly, the provisions of Sections 73 to 76 or any other relevant provisions of the Companies Act, 2013 are not applicable to the Company.

(vi) The maintenance of cost records has been speci ed by the Central Government under section 148(1) of the Companies Act, 2013 related to running of laboratories for carrying out pathological investigationse have broadly reviewed the books of account maintained by the Company pursuant to the Companies (Cost Records and

Audit) Rules, 2014, as amended, prescribed by the Central

Government for maintenance of cost records under

Section 148(1) of the Companies Act, 2013, and are of the opinion that, prima facie, the prescribed cost records have been made and maintained by the Companye have, however, not made a detailed examination of the cost records with a view to determine whether they are accurate or complete

(vii) According to the information and explanations given to us in respect of statutory dues

In respect of statutory dues

(a) disputed statutory dues, including Goods and ervices tax, Provident Fund, Employeestate Insurance, Income-tax, duty of Custom, cess and other material statutory dues applicable to the Company have been regularly deposited by it with the appropriate authorities in all cases during the year and there were no undisputed amounts payable in respect of these dues in arrears as at March 31, 2026 for a period of more than six months from the date they became payable

e have been informed that the operations of the Company did not give rise to any liability of ales

Tax, Service Tax, duty of Excise and Value Added Tax during the year.

(b) There are no statutory dues referred in sub-clause

(a) which have not been deposited on account of disputes as on March 31, 2026.

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

(ix) (a) In our opinion and according to the information and explanations given to us, the Company has not defaulted in the repayment of loans or other borrowings or in the payment of interest thereon to any lender during the year

(b) The Company has not been declared wilful defaulter by any bank or nancial institution or government or any government authority

(c) The Company has not taken any term loan during the year and there are no unutilied term loans at the beginning of the year and hence, reporting under clause (ix)(c) of the Order is not applicable.

(d) On an overall examination of the standalone nancial statements of the Company, funds raised on short-term basis have, prima facie, not been used during the year for long-term purposes by the Company

(e) On an overall examination of the standalone nancial 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

(f) The Company has not raised any loans during the year and hence reporting on clause (ix)(f) of the

Order is not applicable.

(x) (a) The Company has not issued any of its securities

(including debt instruments) during the year and hence reporting under clause (x)(a) of the Order is not applicable

(b) During the year the Company has not made any preferential allotment or private placement of shares or convertible debentures (fully or partly or optionally) and hence reporting under clause (x)(b) of the Order is not applicable to the Company.

(xi) (a) To the best of our knowledge, no fraud by the

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

(b) To the best of our knowledge, no report under subsection (12) of section 143 of the Companies Act has been led in Form ADT-4 as prescribed under rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government, during the year and upto the date of this report

(c) As represented to us by the Management, there were no whistle blower complaints received by the Company during the year

(xii) The Company is not a Nidhi Company and hence reporting under clause (xii) of the Order is not applicable.

(xiii) In our opinion and according to the information and explanations given to us, the Company is in compliance with Section 177 and 188 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 standalone nancial statements etcas required by the applicable accounting standards

(xiv) (a) In our opinion the Company has an adequate internal audit system commensurate with the sie and the nature of its business

(b) e have considered, the internal audit reports issued to the Company during the year covering speci c processes scoped in for review as per Internal Audit plan covering period upto March 2026 for the period under the audit

(xv) In our opinion during the year the Company has not entered into any non-cash transactions with any of its directors or directors of its holding company, subsidiary company, associate company, as applicable, or persons connected with such directors and hence provisions of 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. ence, reporting under clause (xvi)(a), (b) and (c) of the Order is not applicable.

(d) There is no core investment company within the Group (as defined in the Core Investment

Companies (Reserve Bank) Directions, 2016) and accordingly, reporting under clause 3(xvi)(d) of the

Order is not applicable.

(xvii) The Company has not incurred cash losses during the nancial year covered by our audit and the immediately preceding nancial year.

(xviii) There has been no resignation of the statutory auditors of the Company during the year

(xix) On the basis of the nancial ratios, ageing and expected dates of realisation of nancial assets and payment of nancial liabilities, other information accompanying the standalone nancial statements and our knowledge of the oard 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 e, however, state that this is not an assurance as to the future viability of the Companye 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

(xx) The Company has fully spent the required amount towards Corporate ocial Responsibility (CR) and there is no unspent CR amount for the year requiring a transfer to a Fund speci ed in Schedule VII to the

Companies Act or special account in compliance with the provision of sub-section (6) of section 135 of the said

Act. Accordingly, reporting under clause (xx) of the Order is not applicable for the year

	For Deloitte Haskins & Sells Llp
	Chartered Accountants
(Firms Registration No. 117366W/W-100018)
	Rashim Tandon
	Partner
Place: Gurugram	(Membership No. 95540)
Date: April 30, 2026	(UDIN: 26095540ECYUFS9305