Euro Pratik Sales Ltd Auditor Reports

To the Members of Euro Pratik Sales Limited

Opinion

We have audited the accompanying Standalone financial statements of Euro Pratik Sales Limited (the Company), which comprise the Standalone Balance Sheet as at March 31, 2026, 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, 2026 and notes to the 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 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 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, 2026, 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 in accordance with Standards on Auditing (SAs) specified under Section 143(10) of the Act. We are independent of the Company in accordance with the Code of Ethics issued by ICAI.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Key Audit Matters

Key Audit Matter

Auditors Response

Revenue from Operations

Our audit procedures included, but were not limited to: - Tested design, implementation and operating effectiveness of key internal controls relating to revenue recognition. - Assessed appropriateness of revenue recognition policy with reference to Ind AS 115. - Tested revenue transactions on sample basis by examining supporting documents. - Performed cut-off testing for sales transactions before and after year end. - Performed analytical procedures on revenue trends. - Assessed adequacy of disclosures relating to revenue.

Revenue from operations for FY 2025-26: ?20,989.23 Lakhs

Revenue primarily comprises sale of decorative laminates, wall panels and allied products.

Other Information

The Companys Board of Directors is responsible for the other information. The other information comprises information included in the Directors report but does not include the standalone financial statements and our auditors report thereon.

Our opinion on the financial statements does not cover the other information.

Responsibility of Management and Board of Directors

The Companys Management and Board of Directors are responsible for matters stated in Section 134(5) of the Companies Act, 2013 with respect to preparation of these Standalone financial statements.

Auditors Responsibilities

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 our opinion.

Report on Other Legal and Regulatory Requirements

1. As required by Companies (Auditors Report) Order, 2020, we give in Annexure A a statement on matters specified in paragraphs 3 and 4 of the Order.

2. With respect to Section 197(16) of the Act: Remuneration paid to directors is in accordance with requisite approvals.

3. As required by Section 143(3) of the Act:

o (a) We have sought and obtained all information and explanations necessary for our audit.

o (b) Proper books of account as required by law have been kept.

o (c) Balance Sheet, Statement of Profit and Loss, Statement of Changes in Equity and Cash Flow Statement are in agreement with books of account.

o (d) Standalone financial statements comply with Indian Accounting Standards.

o (e) None of the directors are disqualified as on March 31, 2026 under Section 164(2).

o (f) Refer to Annexure B for internal financial controls report.

o (g) With respect to Rule 11 of Companies (Audit and Auditors) Rules, 2014:

? i. Impact of pending litigations disclosed in Note 42.

? ii. No long-term contracts including derivative contracts with material foreseeable losses.

? iii. No amounts required to be transferred to Investor Education and Protection Fund.

? iv. No funds advanced/loaned/invested for Ultimate Beneficiaries; no funds received with understanding for Ultimate Beneficiaries.

? v. Interim dividend declared on March 23, 2026 and paid on April 20, 2026 is in accordance with Section 123.

? vi. Accounting software includes audit trail feature except for software used in two units where audit trail has not been 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

Hiren Shah Ronak Gandhi Partner Partner Membership No.: 100052 Membership No.: 169755 UDIN: 26100052LBJHSZ7584 UDIN: 26169755XFNFI51008

Place: Mumbai Place: Mumbai Date: 12th May, 2026 Date: 12th May, 2026

Annexure A to the Independent Auditors Report (Standalone)

(Referred to in paragraph 1 under Report on Other Legal and Regulatory Requirements)

i. Property, Plant and Equipment

a) The Company has maintained proper records showing full particulars, including quantitative details and situation of Property, Plant and Equipment. b) The Company has a program of physical verification of Property, Plant and Equipment. c) Title deeds of all immovable properties are held in the name of the Company. d) The Company has not revalued its Property, Plant and Equipment during the year. e) No proceedings have been initiated or pending against the Company for holding any Benami property.

ii. Inventory

a) Physical verification of inventory has been conducted at reasonable intervals. b) No discrepancies of 10% or more were noticed. c) The Company has been sanctioned working capital limits in excess of ?5 crore from banks on the basis of security of current assets.

iii. Loans and Advances

a) The Company has provided loans/advances to subsidiaries and employees. b) Terms and conditions of loans are not prejudicial to the interests of the Company. c) Loans to subsidiary and employees are repayable on demand. No schedule of repayment stipulated. d) No amount is overdue for more than ninety days. e) No loans renewed/extended/fresh loans granted to settle overdue. f) Details of loans:

Particulars	Amount (\u20b9 Lakhs)	% of Total Loans
Repayable on demand (A) - Related Party (Subsidiaries)	2,626.38	93.51%
Without specifying any terms or period of repayment (B) - Employees	32.37	1.15%
Total (A+B)	2,658.75	94.66%

iv. Loans, Investments, Guarantees, Security

Company has complied with provisions of Section 185 and 186 of the Companies Act, 2013.

v. Deposits

Company has not accepted any deposits within provisions of Sections 73 to 76.

vi. Cost Records

Company is not required to maintain cost records under Section 148(1).

vii. Statutory Dues

a) Company has generally been regular in depositing undisputed statutory dues. b) No undisputed amounts payable in arrears for more than six months. c) No dues on account of disputes which have not been deposited.

viii. Income Tax

No transactions not recorded in books that have been surrendered or disclosed as income.

ix. Loans and Borrowings

a) Company has not defaulted in repayment of loans or borrowings. b) Company has not been declared wilful defaulter. c) No term loans raised during the period. d) No funds raised on short-term basis used for long-term purposes. e) Company has not taken funds from any entity to meet obligations of subsidiaries/associates/JVs. f) Company has not raised loans on pledge of securities held in subsidiaries/JVs/associates.

x. IPO/FPO

a) Company has not raised moneys by way of initial public offer or further public offer. b) Company has not made preferential allotment or private placement during the year.

xi. Fraud

a) No instances of fraud by the Company or on the Company noticed. b) No report under Section 143(12) filed in Form ADT-4. c) No whistle blower complaints received during the year.

xii. Nidhi Company

Not applicable.

xiii. Related Party Transactions

Company is in compliance with Section 177 and 188. Details disclosed in Note 41.

xiv. Internal Audit

a) Internal Audit system needs improvement to cover more areas. b) Internal auditors reports considered for audit procedures.

xv. Non-Cash Transactions

Company has not entered into non-cash transactions with directors or persons connected with them.

xvi. RBI Registration

Company is not required to be registered under Section 45-IA of RBI Act, 1934.

xvii. Cash Losses

No cash losses incurred in the financial year and immediately preceding financial year.

xviii. Statutory Auditor Resignation

No resignation of Statutory Auditor during the year.

xix. Going Concern

No material uncertainty exists about Companys ability to meet liabilities.

xx. CSR

a) No unspent amounts required to be transferred to Fund specified in Schedule VII. b) Company not required to transfer to special account under Section 135(6).

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

Hiren Shah Ronak Gandhi Partner Partner Membership No.: 100052 Membership No.: 169755 UDIN: 26100052LBJHSZ7584 UDIN: 26169755XFNFI5008

Place: Mumbai Place: Mumbai Date: 12th May, 2026 Date: 12th May, 2026

Annexure B to the Independent Auditors Report (Standalone)

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

We have audited the internal financial controls over financial reporting with reference to Standalone Financial Statements of Euro Pratik Sales Limited as of March 31, 2026.

Managements and Board of Directors Responsibility

The Companys management is responsible for establishing and maintaining internal financial controls based on criteria established by the Company considering essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by ICAI.

Auditors Responsibility

Our responsibility is to express an opinion on the Companys internal financial controls over financial reporting based on our audit.

Meaning of Internal Financial Controls

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

Inherent Limitations

Because of inherent limitations, material misstatements due to error or fraud may occur and not be detected.

Opinion

In our opinion, the Company has, in all material respects, an adequate internal financial controls with reference to standalone financial statements, and such internal financial controls over financial reporting were operating effectively as at March 31, 2026.

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

Hiren Shah Ronak Gandhi Partner Partner Membership No.: 100052 Membership No.: 169755 UDIN: 26100052LBJHSZ7584 UDIN: 26169755XNFI15008

Place: Mumbai Place: Mumbai Date: 12th May, 2026 Date: 12th May, 2026