Independent Auditors Report
to the Members of
Hanman Fit Limited
For the year ended 31st March 2026.
Opinion
Basis for Opinion
Emphasis of Matter
Key Audit Matters
| Sr. No. | Key Audit Matter | Auditors Response |
| 1 | NIL | — |
Managements Responsibility for the Financial Statements
In preparing the 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 Responsibility for the Audit of the Financial Statements
As part of an audit in accordance with Standards on Auditing, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
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.
Materiality is the magnitude of misstatements in the financial statements that individually or in aggregate makes it probable that the economic decision of reasonably knowledgeable user of the financial statements may be influenced. We considered quantitative materiality and qualitative factors in (i) planning the scope of our work and in evaluating the results of work (ii) to evaluate the effect of any identified misstatement in the financial statements.
Other Legal & Regulatory Requirements
From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the standalone financial statements of the current period and are therefore the key audit matters. We 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 benefits of such communication.
Report on Other Legal & Regulatory Requirements
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 and the Statement of Profit and Loss and the Cash Flows Statement
dealt with by this report are in agreement with the books of account;
d) In our opinion, the aforesaid financial statements comply with the Accounting Standards
specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts)
Rules, 2014.
e) On the basis of written representations received from the Directors as on 31st March,
2026, taken on record by the Board of Directors, none of the directors are disqualified as
on 31st March, 2026 from being appointed as a Director in terms of Section 164(2) of the
Act.
f) With respect to the adequacy of the internal financials control over financial
reporting of the company and the operative effectiveness of such controls, refer to our
separate report in "Annexure II"
(B) With respect to the other matters included in the auditors report in accordance with Rule 11 of the Companies (Audit and Auditors) Rule 2014 as amended and to best of our information and according to the explanation given to us.
i. The Company does not have any pending litigations which would impact its financial
position.
ii. The Company did not have any long-term 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. As per the management representation we report,
a) no funds have been advanced or loaned or invested by the company to or in any other
person(s) or entities, including foreign entities ("Intermediaries"), with the
understanding that the intermediary shall whether directly or indirectly lend or invest in
other persons or entities identified in any......manner by or on behalf of the company
(Ultimate Beneficiaries) or provide any guarantee, security or the like on behalf of the
Ultimate Beneficiaries.
b) no funds have been received by the company from any person(s) or entities, including foreign entities ("Funding Parties"), with the understanding that such 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 guarantee, security or the like on behalf of the Ultimate Beneficiaries.
c) Based on the audit procedures performed, we report that nothing has come to our notice that has caused us to believe that the representations given under sub-clause (i) and (ii) of Rule 11(e) by the management contain any material mis-statement.
v. Since the company has not declared or paid any dividend during the year, the question of commenting on whether dividend declared or paid is in accordance with Section 123 of the Act does not arise.
vi. Based on the audit procedures performed in terms of Proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 for maintaining books of account using accounting software which has a feature of recording audit trail (edit log) facility, we report that the company has not maintained the books of accounts in the software which has a feature of recording audit trail of transactions entered in the software.
(C) With respect to the 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 explanation given to us, the remuneration paid/provided by the Company to its directors during the year is in accordance with the provisions of Section 197 read with Schedule V to the Act.
| [Seal: B. L. DASHARDA & ASSOCIATES, MUMBAI, Firm Reg. No. 112615W, CAS] |
| For and on behalf of |
B. L. Dasharda & Associates |
| Chartered Accountants |
| F.R. No.: 112615W |
| Sushant Mehta |
| Partner |
| M.No.: 112489 |
| Place: Mumbai |
| Dated: 29th May 2026 |
| UDIN No: 26112489RHGYQN9558 |
b) As explained to us, property plant & equipment and Intangible assets have not been physically verified by the management during the year at reasonable intervals. Accordingly, our comment on whether the discrepancy was material or not and whether the material discrepancies have been property dealt with in the books of account does not arise.
c) The Company does not own any immovable property. Hence this clause of the Order is not applicable to the Company.
d) The Company has not revalued any of its plant & equipment. Hence this clause of the Order is not applicable to the Company.
e) There has been no proceedings initiated or pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder, hence the provisions of Clause 3 (i) (e) of the Order is not applicable to the Company.
b) According to the information and explanations given to us and based on the audit procedures conducted by us, the terms and conditions of the Loans granted by the company are prima-facie not prejudicial to the companys interest;
c) According to the information and explanations given and the records of the company examined by us, as the loans are repayable on demand, no schedule of repayment of principal has been stipulated, hence the provisions of clause (iii) (c) of the Order is not applicable.
d) According to the information and explanations given to us and the records of the company examined by us, as the loans are repayable on demand, and hence the provisions of clause (iii) (d) of the Order are not applicable.
e) According to the information and explanations given to us and the records of the company examined by us, since the loans are repayable on demand, the provisions of clause (iii) (e) of the Order are not applicable.
f) According to the information and explanations given to us and the records of the company examined by us, the company has granted loans either repayable on demand or without specifying any terms or period or repayment of Rs 113.17 lakhs constituting 100% of the total Loans outstanding.
b) There has been no report filed under sub-Section (12) of Section 143 of the Act by
the auditors as prescribed under rule 13 of Companies (Audit and Auditors) Rules, 2014
with the Central Government.
c) There were no complaints raised during the year under audit by any whistle blower.
| For and on behalf of |
B. L. Dasharda & Associates |
| Chartered Accountants |
| F.R. No.: 112615W |
| Sushant Mehta |
| Partner |
| M.No.: 112489 |
We have audited the internal financial controls over financial reporting of Hanman Fit Limited as of 31st March, 2026 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. 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 Act.
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 the Institute of Chartered Accountants of India and deemed to be prescribed u/s 143 (10) of the Act, 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 system over financial reporting included obtaining an understanding of internal financial controls system 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 procedure selected depends upon 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 over Financial Reporting
A Companys internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A Companys internal financial control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transaction 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 authorizations of management and directors of the Company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized 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 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 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.
Disclaimer of Opinion
According to the information and explanation given to us, the Company has not established its internal financial control over financial reporting on criteria based on or 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. Because of this reason, we are unable to obtain sufficient appropriate audit evidence to provide a basis for our opinion whether the Company had adequate internal financial controls over financial reporting and whether such internal financial controls were operating effectively as at 31st March 2026. We have considered the disclaimer reported above in determining the nature, timing, and extent of audit tests applied in our audit of the financial statements of the Company, and the disclaimer does not affect our opinion on the financial statements of the Company.
| For and on behalf of B. L. Dasharda & Associates Chartered Accountants F.R. No.: 112615W |
| Sushant Mehta Partner M.No.: 112489 |
| Place: Mumbai Dated: 29th May 2026 UDIN No: 26112489RHGYQN9558 |
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