Jindal Supreme India Ltd Auditor Reports

To,

The Board of Directors,

Jindal Supreme (India) Limited

9 K.M.O.P. Jindal Marg, Hisar Cantt Hisar-125066, Haryana

Dear Sirs/Madams,

1. We have examined the attached Restated Financial Statement of Jindal Supreme (India) Limited , (the Company or the issuer ), comprising the Restated Statement of Assets and Liabilities as at June 30, 2026, March 31, 2026, March 31, 2025 and March 31, 2024, the Restated Statement of Profit and Loss (including Other Comprehensive Income), Restated Statement of Changes in Equity and Restated Statement of Cash Flows for the years/period ended June 30, 2026, March 31, 2026, March 31, 2025 and March 31,2024 and the Summary of Significant Accounting Policies and other explanatory information (collectively, the Restated Financial Information ), as approved by the Board of Directors of the Company at their meeting held on July 30, 2026 for the purpose of inclusion in the Red Herring Prospectus ( RHP ) prepared by the Company in connection with its proposed Initial Public Offer of equity shares ( IPO ) prepared in terms of the requirements of:

a) Section 26 of Part I of Chapter III of the Companies Act 2013 (the Act).

b) The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) ReguIations,2018, as amended (ICDR Regulations); and

c) The Guidance Note on Reports in Company Prospectuses (Revised 2019) (as amended) issued by the Institute of Chartered Accountants of India (ICAI ), (the Guidance Note ).

Management s Responsibility for the Restated Summary Statements

2. The preparation of the Restated Summary Statements, which are to be included in the RHP to be filed with SEBI, ROC, and the Stock Exchanges in connection with the proposed IPO is the responsibility of the Management of the Company. The Restated Summary Statements have been prepared by the Management of the Company on the basis of preparation, as stated in Note: 1.2 to the Restated Summary Statements. The Management s responsibility includes designing, implementing, and maintaining adequate internal control relevant to the preparation and presentation of the Restated Summary Statements. The Management is also responsible for identifying and ensuring that the Company complies with the Act, ICDR Regulations and the Guidance Note.

Auditors Responsibilities

3. We have examined such Restated Summary Statements taking into consideration:

a) The terms of reference and terms of our engagement agreed with you vide our engagement letter dated July 6, 2026 requesting us to carry out the assignment, in connection with the proposed IPO of the Company.

b) The Guidance Note also requires that we comply with ethical requirements of the Code of Ethics Issued by ICAI.

c) Concepts of test checks and materiality to obtain reasonable assurance based on the verification of evidence supporting the Restated Summary Statements; and

d) the requirements of Section 26 of the Act and the ICDR Regulations.

Our work was performed solely to assist you in meeting your responsibilities in relation to your compliance with the Act, the ICDR Regulations and the Guidance Note in connection with the Offer.

Restated Summary Statements

4. These Restated Summary Statements have been compiled by the management of the Company from Audited Financial Statements of the Company as at and for the periods/years ended June 30, 2026, March 31, 2026 which were prepared in accordance with the Accounting Standard as prescribed under Section 133 of the Companies Act. 2013 read with Companies (Indian Accounting Standards) Rules, 2015, as amended, ( Ind AS ), and March 31, 2025 and March 31, 2024 which were prepared in accordance with the Accounting Standard as prescribed under Section 133 of the Companies Act. 2013 read with Companies (Indian Accounting Standards) Rules, 2021, as amended and other accounting principles generally accepted in India, at the relevant time, which have been approved by the Board of Directors at their meetings held on July 25, 2026, July 10, 2026, September 01, 2025 and September 02, 2024 respectively.

5. For the purpose of our examination, we have relied on Auditors report issued by us, on the financial Statements of the Company prepared as per Ind AS for the periods ended June 30, 2026, March 31, 2026 and as prepared previous GAAP as at and for the year ended March 31, 2025, and March 31, 2024 which are dated July 25, 2026, July 10, 2026, September 01, 2025 and September 02, 2024 respectively.

The Ind AS and restatement adjustments made to such financial statements (referred to in 3 (a) above) to comply with Ind AS and the basis set out in Note 2 to the Restated Financial Information, have been audited by us.

6. Based on our examination and according to the information and explanations given to us, we report that Restated Summary Statements of the Company-

i. Has been prepared after incorporating adjustments for the changes in accounting policies, material errors and regrouping/reclassifications retrospectively in the financial years ended March 31, 2025 and March 31, 2024 to reflect the same accounting treatment as per the accounting policies and grouping / classifications, to the extent applicable and while for the period/year ended June 30, 2026, March 31, 2026 have been prepared as per Ind AS.

ii. Does not contain any qualification requiring adjustments. iii. Have been prepared in accordance with the Act, ICDR Regulations and the Guidance Note

7. These Restated Financial Information do not reflect the effects of events that occurred subsequent to the respective dates for the Ind AS Financial Statements and Audited Financial Statements mentioned in the paragraph 4 above.

8. This report should not in any way be construed as a reissuance or re-dating of any of the previous audit reports issued by us, nor should this report be construed as a new opinion on any of the financial statements referred to herein.

9. We have no responsibility to update our report for events and circumstances occurring after the date of the report.

10. Our report is intended solely for the use of the Board of Directors for inclusion in the DRHP to be filed with SEBI, ROC, and the Stock Exchanges in connection with the proposed Offer. Our report should not be used, referred to, or distributed for any other purpose. Accordingly, we do not accept or assume any liability or any duty of care for any other purpose or to any other person to whom this report is shown or into whose hands it may come.

For S.C. THAKRAL & CO.

Chartered Accountants

Firm Regn. No. 005623N

UDIN: 26084048AMTPLF258

Sd/-

(CA S. C. THAKRAL)

Partner

M. No.084048

Peer Review Certificate No: 021213

Date: July 30, 2026