Jyoti Global Plast Ltd Auditor Reports

on Restated Financial Information of Jyoti Global Plast Limited

To,

The Board of Directors of Jyoti Global Plast Limited

R-554 / 555 TTC MIDC Area Rabale, Navi Mumbai - 400701, Maharashtra, India. Dear Sir / Madam,

1. We, R H D B & CO LLP, Chartered Accountants have examined the attached Restated Financial Information of Jyoti Global Plast Limited (formerly known as Jyoti Global Plast Private Limited) (the "Company" or the "Issuer"), comprising the Restated Balance sheet for the financial years ended March 31, 2025; March 31, 2024 and March 31, 2023 (the "reporting periods"), the Restated Statement of Profit and Loss; the Restated Cash Flow Statement for the above-mentioned reporting periods, the Summary Statement of Significant Accounting Policies and other explanatory information (collectively, the "Restated Financial Information"), as prepared by the Company and approved by the Board of Directors of the Company at their meeting held on June 18, 2025 for the purpose of inclusion in the Red Herring Prospectus and Prospectus (together the "Offer Documents") prepared by the Company in connection with its proposed SME Initial Public Offer of equity shares ("IPO") on the EMERGE Platform of the National Stock Exchange of India Limited ("NSE").

These restated financial information have been prepared in terms of the requirements of: a. Section 26 of Part I of Chapter III to the Companies Act, 2013 ("the Act"); b. The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018 ("ICDR Regulations"); and c. The Guidance Note on Reports in Company Prospectus (Revised 2019) issued by the Institute of Chartered Accountants of India (ICAI), as amended from time to time (the "Guidance Note").

2. The Companys Board of Directors are responsible for the preparation of the Restated Financial Information for the purpose of inclusion in the Offer Documents to be filed with the Securities and Exchange Board of India, relevant stock exchange(s) and Registrar of Companies, Mumbai ("RoC") in connection with the proposed IPO. The Restated Financial Information have been prepared by the management of the Company on the basis of preparation stated in Note 1 to the Restated Financial Information. The responsibility of the Board of Directors of the Company includes and is not limited to designing, implementing and maintaining adequate internal control relevant to the preparation and presentation of the Restated Financial Information. The Board of Directors are also responsible for identifying and ensuring that the Company complies with the Act, ICDR Regulations and the Guidance Note.

3. We have examined such Restated Financial Information taking into consideration:

a. Section 26 of Part I of Chapter III to the Companies Act, 2013 ("the Act");

b. The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018 ("ICDR Regulations"); and

c. The Guidance Note on Reports in Company Prospectus (Revised 2019) issued by the Institute of Chartered Accountants of India (ICAI), as amended from time to time (the "Guidance Note"). The Guidance Note also requires that we comply with the ethical requirements of the Code of Ethics issued by the ICAI.

d. The terms of reference to our engagements with the Company requesting us to carry out the assignment, in connection with the Offer documents being issued by the Company for its proposed IPO of equity shares; and e. Concepts of test checks and materiality to obtain reasonable assurance based on verification of evidence supporting the Restated Financial Information. Our work was performed solely to assist you in meeting your responsibilities in relation to compliance with the Act, the SEBI ICDR Regulations and the Guidance Note in connection with the Issue.

4. These Restated Financial Information have been compiled by the management from Audited financial statements for the years ended March 31, 2025; March 31, 2024 and March 31, 2023 prepared in accordance with AS as prescribed under Section 133 of the Act read with Companies (Accounting Standards) Rules 2006, as amended, and other accounting principles generally accepted in India, which have been approved by the Board of Directors at their meeting held on June 18, 2025.

5. The restated financial information pertaining to the financial years ended March 31, 2024 and March 31, 2023 has been extracted and compiled by the management from the respective audited financial statements. The financial statements for the above-mentioned financial years have not been audited by us. They have been audited by a ICAI peer reviewed firm namely M/s. Gosar & Gosar, Chartered Accountants being the statutory auditors of the Company for the respective periods. For the purpose of our examination, we have relied solely on the Auditors report and the audited financial statements issued by the statutory auditors of the company for the above-mentioned financial years.

6. In terms of Schedule VI (Part A) (11) (II) (A) (i) of the SEBI (ICDR) Regulations, 2018 and other provisions relating to accounts of Jyoti Global Plast Limited, we, R H D B & Co. LLP, Chartered Accountants, have been subjected to the peer review process of the Institute of Chartered Accountants of India (ICAI) and our certificate is valid as on date.

7. Based on our examination, we further report that:

a. The Restated Statement of Balance Sheet as set out in this report, of the Company for the reporting periods are prepared by the Company and approved by the Board of Directors. These Restated Balance Sheet have been arrived at after making such adjustments and regroupings to the financial statements of the Company, as in our opinion were appropriate and more fully described in Significant Accounting Policies and Notes to Restated Financial Statement as set out in this Report.

b. The Restated Statement of Profit and Loss as set out in this report of the Company for the reporting periods are prepared by the Company and approved by the Board of Directors. These Restated Statement of Profit and Loss have been arrived at after making such adjustments and regroupings to the financial statements of the Company, as in our opinion were appropriate and more fully described in Significant Accounting Policies and Notes to Restated Financial Statement as set out in this Report.

c. The Restated Statement of Cash Flow as set out in this report of the Company for the reporting periods are prepared by the Company and approved by the Board of Directors. These Restated Statement of Cash Flow have been arrived at after making such adjustments and regroupings to the financial statements of the Company, as in our opinion were appropriate and more fully described in Significant Accounting Policies and Notes to Restated Financial Information as set out in this Report.

d. The restated financial information have been made after incorporating adjustments for:

i. The changes in accounting policies, material errors and regrouping/ reclassifications retrospectively to reflect the same accounting treatment across all the reporting periods.

ii. Provisions for deferred taxes for the financial years ended on March 31, 2024 and March 31, 2023 in order to report the same as per the principles laid out in Accounting standard 22 on ‘Accounting for taxes on income.

e. There were no qualifications in the Audit Reports issued by the Statutory Auditors for the financial years ended on March 31, 2025; March 31, 2024 and March 31, 2023 which would require adjustments in this Restated Financial Statements of the Company.

f. The Company has not paid any dividend since its incorporation.

8. In our opinion, the Restated Financial Information have been prepared in accordance with Section 26 of Companies Act, 2013 and the SEBI Regulations and the Guidance Note on the Reports in Company Prospectus (Revised 2019) issued by the Institute of Chartered Accountants of India (ICAI). Consequently, the financial information has been prepared after making such regroupings and adjustments as were, in our opinion, considered appropriate to comply with the same. As a result of these regrouping and adjustments, the amount reported in the financial information may not necessarily be the same as those appearing in the respective financial statements audited for the relevant years.

9. This report should not in any way be construed as a re-issuance 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 therein.

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

11. Our report is intended solely for use of the Board of Directors for inclusion in the Offer documents to be filed with Securities and Exchange Board of India, relevant stock exchanges and Registrar of Companies, Mumbai in connection with the proposed IPO. Our report should not be used, referred to, or distributed for any other purpose except with our prior consent in writing. 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 without our prior consent in writing.

	For R H D B & Co LLP
	Chartered Accountants
	Firms Registration No: 132490W/W-100125
Mumbai	Viral Shah
Date: June 18, 2025	Partner
UDIN: 25189204BMJOZH8552	Membership No: 189204