Euro Pratik Sales Ltd Auditor Reports

To the Members of Euro Pratik Sales Limited

(Formerly known as Euro Pratik Sales Private Limited)

Report on the Audit of the Standalone Financial Statements Opinion

We have audited the accompanying Standalone financial statements of Euro Pratik Sales Limited (Formerly known as Euro Pratik Sales Private Limited) ("the Company"), which comprise the Standalone Balance sheet as at March 31, 2025, the Standalone Statement of Profit and Loss (including Other Comprehensive Income), the Standalone Statement of Changes in Equity and the Statement of Cash Flows for the year ended March 31, 2025 and notes to the standalone financial statements, including a summary of material accounting policies and other explanatory information (herein referred to as "Standalone financial statements").

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid Standalone financial statements give the information required by the Companies Act, 2013 (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 read with die Companies (Indian Accounting Standards) Rules, 2015, as amended ("Ind AS") and accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2025, its profit and other comprehensive income, changes in equity and its cash flows for the year ended on that date.

Basis for Opinion

We conducted our audit of the Standalone 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 Responsibilities for the Audit of the Standalone financial statements section of our report. We are independent of die Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (‘ICAI) together with the ethical requirements that are relevant to our audit of the Standalone financial statements under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Other Information

The Companys Board of Directors is responsible for the other information. The other information comprises the information included in the Directors report but does not include the standalone financial statements and our auditors report thereon. The Directors report is expected to be made available to us after the date of this auditors report

Our opinion on the financial statements does not cover die other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the standalone financial statements, our responsibility is to read the other information identifiedjRictye when it becomes avaikjjk^md, in doing so, consider whether the other information is

materially inconsistent with the financial statements or our knowledge obtained in the 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 communicate the matter to those charged with governance. \\ e have nothing to report in this regard.

Responsibility of the Management and Those Charged with Governance for Standalone financial statements

The Companys Board of Directors are responsible for the matters stated in section 134(5) ot the Companies Act, 2013 ("the Act") with respect to the preparation of these Standalone financial statements that give a true and fair view of die financial position, financial performance, total comprehensive income, changes in equity and cash flows of the Company in accordance with die accounting principles generally accepted in India, including the Indian 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 of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

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

The Board of Directors are also responsible for overseeing the companys financial reporting process.

Auditors Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the Standalone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors report that includes out- 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 Standalone financial statements.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks ot material misstatement ot the Standalone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forger), intentional omissions, misrepresentations, or the override of internal control;

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Companies Act, 2013, we are also responsible for expressing our opinion on whether the compan^taa^dequate internal financial controls system in place and the operating effectiv?n?ssof such controls;

Company Secretary Membership No.: A60044

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management;

• Conclude on the appropriateness ot Managements use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Companys ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditors report to the related disclosures in the Standalone financial statements or, if such disclosures are inadequate, to modify our opinion. 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 Standalone financial statements, including the disclosures, and whether the Standalone financial statements represent the underlying transactions and events in a manner that achieves fair presentation;

Materiality is the magnitude of misstatements in the standalone financial statements that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Standalone financial statements may be influenced. We consider quantitative materiality and qualitative factors in:

(i) Planning the scope of our audit work and in evaluating the results of our work; and

(ii) To evaluate the effect of any identified misstatements in the standalone financial statements.

We communicate with those charged with governance regarding, among 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.

Other Matter

The comparative financial information of the Company for the year ended March 31, 2024 and as at April 1, 2023, prepared in accordance with Ind AS, has been audited by the by one of the Joint Auditors, i.e. M/s Monika Jain & Co, Chartered Accountants. The report of the joint auditor on these comparative financial statements dated September 2, 2024, expressed an unmodified opinion. Our conclusion on the Standalone Financial Statements is not modified in respect of diis matter

Report on Other Legal and Regulatory Requirements

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

2. 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 year is in accordance with requisite approvals mandated by the provigiQS^mf section 197 read wM^ehcdule V of the Act.

3. 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 Standalone Balance Sheet, the Standalone Statement of Profit and Loss (including other comprehensive income), the Standalone statement of changes in equity and the Standalone Cash Flow Statement dealt with by this Report are in agreement with the books of account;

(d) In our opinion, the aforesaid Standalone financial statements comply with the Indian Accounting Standards prescribed under Section 133 of the Act, read with the relevant rules issued thereunder;

(e) 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;

(?) 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".

(g) With respect to the other matters to be included in the Auditors Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014 as amended, in our opinion and to the best of our information and according to the explanations given to us:

i. The Company has disclosed the impact of pending litigations as on March 31, 2025 on its financial position in its Standalone financial statements — Refer Note 43 to the Standalone financial statements.

ii. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses;

iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company;

iv. a. The Management has represented that, to the best of its knowledge and belief, no funds 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, whether, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company ("Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;

b. The Management has represented, that, to the best of its knowledge and belief, no hinds have been received by the company from any person(s) or entity(ies), including foreign entities ("Funding Parties"), with the understanding, whether recorded in writing or otherwise, that the Company shall, whether, directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party ("Ultimate

Beneficiaries") or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries; and

c. Based on such audit procedures we have 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 (b) and (b) contain any material misstatement.

v. No dividend has been declared or paid during the year by the company, thus the requirements of section 123 of the Companies Act, 2013 are not applicable.

vi. Based on our examination, which included test checks, we observed that the Company has used an accounting software for maintaining its books of account, and the software includes an audit trail feature except for Tally software used in one unit. However, we noted that the audit trail does not capture specific details of changes made, such as the previous value and new value for edited transactions. Other than the above the audit trail facility has been operating throughout the year for all relevant transactions recorded in the software and we did not come across any instance of audit trail feature being tampered with during the course of our audit and the audit trail has been preserved by the company as per the statutory requirements for record retention, except for tally software in one unit where audit trail feature is not enabled.

For C N K & Associates LLP	For Monika Jain & Co.
Chartered Accountants	Chartered Accountants
Firms Registration No. 101961W/W-100036	Firm Registration No. 130708W

 

UDIN: 25100052BMHUSI2341	UDIN: 25169755BMHVID1997
Place: Mumbai	Place Mumbai
Date: 18th July, 2025	Date: 18* July, 2025

ANNEXURE A TO THE INDEPENDENT AUDITORS REPORT

[Referred to in Paragraph 1 under Report on Other Legal and Regulatory Requirements of the Independent

Auditors Report on the Standalone Financial Statements for the year ended March 31, 2025]

To the best of our information and according to the explanations provided to us by the Company and the books of

account and records examined by us in the normal course of audit, we state that

(i) In respect of the Companys Property, Plant and Equipment and Intangible Assets:

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

(B) The Company has maintained proper records showing Rill particulars of intangible assets.

b) The Property, Plant and Equipment have been physically verified by the Management according to a phased programme designed to cover all the items which, in our opinion, is reasonable considering the size of the Company and nature of its assets. As informed to us, no material discrepancies have been noticed on such verification.

c) According to the information and explanations given to us and on the basis of our examination of registered sale deed / transfer deed / conveyance deed provided to us, the title deed of immovable property (other than properties where the company is the lessee, and the lease agreements are duly executed in favour of the lessee) as disclosed in the financial statement are held in the name of the Company as at the balance sheet date;

d) The Company has not revalued any of its Property, Plant and Equipment and intangible assets during the year and accordingly the requirements under clause 3(i)(d) of the Order are not applicable.

e) According to the information and explanations given by the Management and as disclosed in Note no.3 and 6, the Company does not have any proceedings initiated or pending for holding anv benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder. Hence the requirements under paragraph 3(i)(e) of the Companies (Auditors Report) Order, 2020 ("the Order") are not applicable to the Company.

(ii) a) The Management has verified its Inventory except goods in transit at reasonable intervals during the year. Considering the size of the Company, the frequency of verification is reasonable, and the procedures are adequate There were no discrepancies of 10% or more in aggregate for each class of inventory which were noticed on such verification.

b) Based on our verification of the documents provided to us and according to the information and explanations given by the Management, the Company does not have any working capital limits sanctioned from banks or financial institutions and hence the requirements of paragraph 3(ii)(b) of the Companies (Auditors Report) Order, 2020 ("the Order") are not applicable to the Company.

(iii) Based on our verification of the documents provided to us and according to the information and explanations given by the Management, the Company has made investments in, provided any guarantee or security, or granted any loans or advances in the nature of loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or any other parties

a) The Company has provided loans & guarantee to subsidiary companies and loans to employees as below;

(In Lakhs)

Particulars	Loans
Aggregate amount granted/ provided during the year
Subsidiaries*	6,697.00
Employees	36.60
Others	-
Balance outstanding as at balance sheet date in respect of above cases
Subsidiaries	5,775.66
Employees	23.80

b) In our opinion, the terms and conditions of the loans given during the year are, prima facie, not prejudicial to the interests of the Company;

c) Based on our verification of the documents provided to us and according to the information and explanations given by the Management, the aforesaid loan to subsidiary and employees are repayable on demand and therefore no schedule of repayment of principal and payment of interest have been stipulated. According to the information and explanations given to us, such outstanding loans not been demanded for repayment during the relevant financial year. Additionally, based on explanation given to us, there are no overdue interest.

Based on our verification of the documents provided to us and according to the information and explanations given by the Management, Loan given to others the repayment of principal and payment of interest is as stipulated and the same are regular.

d) According to the information and explanations given by the Management, in respect of the aforesaid loans, there is no amount which is overdue for more than ninety days;

e) The Company has not advanced any loans or advance in nature of loan falling due during the year, which has been renewed or extended or fresh loans granted to settle the overdue of existing loans given to same parties;

f) The Company has granted loans repayable on demand or without specifying any terms or period of repayment, the details of loans are as below

Particulars	Amount (Rs. Lakhs)	Percentage of total loans
Aggregate amount of loans/advances in nature of loan outstanding as at balance sheet date:
- Repayable on demand (A)
Subsidiary	5,775.66	99.59%
- Without specifying any terms or period of repayment (B)
Employees	23.80	0.41%
Total (A+B)	5,799.46	100%

(iv) According to information and explanations provided to us and on the basis of representations made by the Management, in respect of loans, investments, guarantees, and security, die Company has complied with the provisions of section 185 and 186 of the Companies Act, 2013;

(v) In our opinion and according to the information and explanations given to us, the company has not accepted any deposits or amounts which are deemed to be deposits within the provisions of sections 73 to 76 or any

other relevant provisions of the Companies Act, 2013 and the rules framed thereunder, therefore, the provisions of Clause 3(v) of the Order are not applicable to the Company.

(vi) According to the information and explanations given to us and the records of the Company as examined by us, the Company is not required to maintain cost records that have been specified by the Central Government under sub-section (1) of section 148 of the Companies Act, 2013;

(vii) a) In our opinion, the Company has generally been regular in depositing undisputed statu tor} dues, including Goods and Sendees tax, Provident Fund, Employees State Insurance, Income Tax, Sales Tax, Sendee Tax, duty of Custom, duty of Excise, Value Added Tax, Cess and any other statutory dues applicable to it with the appropriate authorities;

There were no undisputed amounts payable in respect of Goods and Sendee tax, Provident Fund, Employees State Insurance, Income Tax, Sales Fax, Sendee Tax, duty of Custom, duty of Excise, Value Added Tax, Cess and any other statutory dues in arrears as at March 31, 2025 for a period of more than six months from the date they became payable

b) According to the records of the company examined by us and information and explanations given by the management, there are no dues of Goods and Sendees Tax, provident fund, employees state insurance, income-tax, salcs-tax, sendee tax, duty of customs, duty of excise, value added tax, cess and any other statutory dues to die appropriate authorities on account of any dispute, which have not been deposited by the Company.

(viii) According to the records of the Company examined by us and information and explanations given by the Management and disclosed in note 52.5, there are no transactions which are not recorded in the books of account and have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (43 of 1961);

(ix) According to the records of the Company examined by us, the Company does not have any loans or other borrowings from any lender accordingly, the requirements under paragraph 3(ix) of the Companies (Auditors Report) Order, 2020 ("the Order") are not applicable to the Company.

(x) a) Based on the procedures performed by us and according to the information and explanations given by

the Management, the Company has not raised moneys by way of initial public offer or further public offer including debt instruments;

b) Based on our verification of the documents provided to us and according to the information and explanations given by the Management, the Company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year under review. Therefore, the provisions of paragraph 3(xiv) of the Order are not applicable;

(xi) a) During the course of our examination of the books and records of the Company, carried out in

accordance with the generally accepted auditing practices in India and according to the information and explanations given to us, no instances of fraud by the Company or on the Company have 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, during the year.

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

(xii) The Company is not a Nidhi company and hence the reporting under clause 3(xii) of the order is not applicable

to the Company;

(xiii) In our opinion, and according to the information and explanations given by the management, the Company is in compliance with section 177 and 188 of the Companies Act, 2013, and the details oi related party transactions have been disclosed in Note No. 41 of the Standalone Financial Statements as required by the applicable accounting standards;

(xiv) a) Based on the review of the reports of the Internal Auditors for the year, in our opinion the Internal Audit system of the company needs to be improved to cover more areas to make it commensurate with the size of the company & nature of its operations and nature of the business of the Company;

b) We have considered the reports of the Internal auditors for the period under audit; issued to the Company during the year, in determining the nature, timing and extent of our audit procedures;

(xv) According to the information and explanations given by the management, during the year the Company has not entered any non-cash transactions with its directors or persons connected with him. Therefore, the provisions of clause 3(xv) of the Order are not applicable.

(xvi) In our opinion, the Company is not required to be registered under secdon 45-IA of the Reserve Bank of India Act, 1934. Hence, reporting under clause 3(xvi)(a) to 3(xvi)(d) of the Order is not applicable to the Company.

(xvii) The Company has not incurred any cash losses in the financial year and in the immediately preceding financial year.

(xviii) There has been no resignation of the Statutory Auditor during the year and accordingly the reporting under clause 3(xviii) is not applicable.

(xix) According to the information and explanations given to us and on the basis of the financial ratios, ageing and expected dates of realization of financial assets and payment of financial liabilities, other information accompanying the financial statements, 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 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 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) a) There are no unspent amounts towards Corporate Social Responsibility (CSR) on other than ongoing

projects requiring a transfer to a Fund specified in Schedule VII to the Companies Act in compliance with second proviso to sub-section (5) of Section 135 of the said Act. Accordingly, reporting under clause 3(xx)(a) of the Order is not applicable for the year to the Company;

b) The Company does not require to transfer to special account in compliance with the provisions of subsection (6) of section 135 of the said Act. Accordingly reporting under this clause is not applicable for the year.

For C N K & Associates LLP	For Monika Jain & Co.
Chartered Accountants	Chartered Accountants
FirmSs Registration No. 101961W/W-100036	Firm Registration No. 130708W

 

UDIN: 25100052BMHUSI2341	UDIN: 25169755BMFIVID1997^
Place: Mumbai	Place: Mumbai
Date: 18th July, 2025	Date: 18th July, 2025

ANNEXURE B TO THE INDEPENDENT AUDITORS REPORT

Report on die Internal Financial Controls 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 reporting with reference to Standalone Financial Statements of Euro Pratik Sales Limited (Formerly known Euro Pratik Sales Private Limited) ("the Company") as of March 31, 2025, in conjunction with our audit of the Standalone Financial Statements of the Company for the year ended on that date.

Managements Responsibility for Internal Financial Controls

The Companys management is responsible for establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India (TCAI). 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 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 reporting based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls over Financial Reporting (the "Guidance Note") and the Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued by the Institute of Chartered Accountants of India. 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 reporting 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 reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditors judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Companys internal financial controls system over financial reporting.

Meaning of Internal Financial Controls with reference to Standalone Financial Statements

A companys internal financial control with reference to Standalone Financial Statements is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of Standalone Financial Statements for external purposes in accordance with generally accepted accounting principles. A companys internal financial control with reference to Standalone Financial 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 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 Standalone Financial Statements.

Inherent Limitations of Internal Financial Controls over Financial Reporting

Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not to be detected. Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Opinion

In 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 with reference to the standalone financial statements, and such internal financial controls over financial reporting were operating effectively as at March 31, 2025, based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Control Over Financial Reporting issued by Institute of Chartered Accountants of India.

For C N K & Associates LLP	For Monika Jain & Co.
Chartered Accountants	Chartered Accountants
Firms Registration No. 101961W/W-100036	Firm Registration No. 130708W

 

UDIN: 25100052BMHUSI2341	UDIN: 25169755BMHVID1997
Place: Mumbai	Place: Mumbai
Date: 18th July, 2025	Date: 18th July, 2025