K S Oils Ltd Auditor Reports

The Members of K.S. OILS LIMITED

Report on the Audit of the Financial Statements

Opinion

We have audited the accompanying financial statements of K..S OILS Limited, which comprise the Balance Sheet as at March 31,2025, and the Statement of Profit and Loss (including other comprehensive income), the Statement of cash flows and the statement of changes in equity for the year then ended, and notes to accounts, including a summary of significant accounting policies and other Explanatory information (herein after referred to as “Financial Statements”).

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid financial statements give the information required by the Companies Act, 2013 (‘Act) in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31.2025, its loss, and cash flows for the year ended on that date.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing specified under section 143(10) of the Companies Act, 2013. Our responsibilities under those Standards are further described in the Auditors responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the code of ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 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.

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, are of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. There are no such key matters required to be reported.

Referring to the approved Sale Certificate after E- Auction issued to Soy- Sar edible Private Limited according to Schedule I under regulation 33 of the insolvency and Bankruptcy Board of 1 ndia(Liquidation Process) Regulations , 2016 the Liquidator, in consultation with the stakeholder consultation committee of the corporate Debtor, undertook to sell the assets of the Corporate Debtor through an auction on a

Going Concern basis (excluding certain assets) herein after referred to as the “acquisition plan” by the NCLT order dated 3^rd February 2025 received on 5^,h February, 2025.

“Upon approval of the reliefs and concessions allowed by the Honble NCLT, Indore Bench in Inv 7 of 2024 filed by the auction purchaser after acquisition of the company as a going concern;al! non- compliances, breaches and defaults of K.S OILS for the period prior to the Effective Date (including but not limited to those relating to tax), shall be deemed to be waived by the concerned Governmental Authorities. Immunity shall be deemed to have been granted to K.S OILS LIMITED from all proceedings and penalties under all Applicable Laws for any non-compliance for the period prior to the Effective Date and no interest/penal implications shall arise due to such non-compliance /default /breach prior to the Effective Date or even accruing after the Effective Date, but arising out of matters or actions arising prior to the Effective Date”.

These are the first financial statements of the Company prepared subsequent to the acquisition as a going concern by Soy-Sar Edible Private Limited (SEPL) through liquidation under the Insolvency and Bankruptcy Code, 2016. The acquisition was completed and the Sale Certificate was issued on 22 March 2024 read with corrigendum dated 6¹ April 2024. These financial statements reflect the impact of the transaction on a clean-slate basis, in accordance with the directions issued by the Honble NCLT, Indore Bench.

Information other than the financial statements and auditors report thereon

The Companys board of directors is responsible for the preparation of the other information. The other information comprises the information included in the Boards Report including annexure to Boards Report, Business Responsibility Report but does not include the financial statements and our auditors report thereon.

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

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained during the course of our 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 report that fact. We have nothing to report in this regard.

Managements Responsibility Tor the financial statements

The Companys Board of Directors are responsible for the matters stated in section 134(5) of the Companies Act, 2013 (“the Act”) with respect to the preparation of these financial statements that give a true and fair view of the financial position, financial performance and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act. This responsibility also includes the maintenance of

adequate accounting records in accordance with the provision of the Act for safeguarding of the assets of the Company and for preventing and detecting the 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 financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

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 responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the 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. 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 aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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

• Identify and assess the risks of material misstatement of the 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, forgery, 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 company has adequate internal financial controls system in place and the operating effectiveness of such controls

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

• Conclude on the appropriateness of 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 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 financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

• Materiality is the magnitude of misstatements in the financial statements that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the 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 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.

• From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the 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 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 the paragraph 3 and 4 of the Order.

2. 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 Balance Sheet, the Statement of Profit and Loss and the Cash Flow 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) 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, the provisions of Sec 197(16) are not applicable to the company.

0 As per the management representation we report,

i) 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 ultimate beneficiaries. ¦

ii) 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. •

iii) 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) as provide under (i) and (ii) above contain any material misstatement.

g) On the basis of written representations received from the directors as on 31 March, 2025, taken on record by the Board of Directors, none of the directors is disqualified as on March 31, 2025. from being appointed as a director in terms of Section 164(2) of the Act.

h) The company has not declared or paid any dividend during the year; hence its compliance with section 123 of the companies Act, 2013 has not been commented upon.

i) 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”. Our report expresses an unmodified opinion on the adequacy and operating effectiveness of the Companys internal financial controls over financial reporting.

j) 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, in our opinion and to the best of our information and according to the explanations given to us :

i. As per the information and explanations given to us, the Company does not have any pending litigation which would impact its financial position.

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

iii. The Company was not required to transfer any amount to the Investor Education and Protection Fund during the year.

iv. Based on our examination which included test checks, the company has used an accounting software for maintaining its books of account which has a feature of recording audit trail (edit log) facility and the same has operated after 3^rd February 2025 i.e the date of issuance of order passed from the Honble NCLT for acquisition of “corporate Debtor as going concernTor all relevant transactions recorded in the software system.

Further, during the course of our audit we did not come across any instance of audit trail feature being tampered with and the audit trail has been preserved by the company as per the statutory requirements for record retention.

Annexure “A” to the Independent Auditors Report

Annexure referred to in Paragraph 1 of “Report on Legal and regulatory requirements” of our independent auditors report of even date to the members of K.S Oils Limited as on 31^s1 March 2025.

As required by the Companies (Auditors Report) Order, 2020 (“the Order”) and on the basis of such checks as we considered appropriate and according to the information and explanations given to us during course of our audit, we report that: -

1. In respect of its Property, Plant & Equipment

a) According to the information and explanation given to us and on the basis of examination of books and records, the Company has maintained records showing particulars related to Property, Plant and Equipment and capital work in progress.

b) The company has maintained records showing particulars of Intangible Assets.

c) As explained to us, all the Property, Plant and Equipment and work in progress have been physically verified by the management after they got control over the assets , the frequency in our opinion is reasonable, having regard to the size of the Company and the nature of its Property, Plant and Equipment and capital work in progress. The discrepancies noticed on such verification between the physical balances and the Property, Plant and Equipment and capital work in progress records have been properly dealt with in the books of account.

(d) According to the information and explanations given to us and on the basis of our examination of the records of the company, the company has immovable properties which are freehold and held in the name of company as at the balance sheet date. In respect of immovable properties taken on lease, Lease hold improvements have been disclosed as Property Plant and Equipment in the financial statements, the lease agreements and supplementary agreements are in the name of the company.

(e) According to the information and explanations given to us and on the basis of our examination of the records of the Company has not revalued its property plant & equipment or intangible assets during the period under consideration.

(f) According to the information and explanations given to us, no proceedings have been initiated during the year or are pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made there under, hence requirement to report on clause (i)(e) of paragraph 3 of the Companies (Auditors Report) Order, 2024 is not applicable.

2. In respect of its inventories

a) As explained to us, the inventories have been physically verified by the management during the year after the company was in receipt of the assets of the company under going concern as per order from Honble NCLT Indore dated 3^,d February 2025. As explained to us all discrepancies noticed on physical verification of inventory as compared to the book records have been properly dealt with in the books of accounts leading to its complete write off.

b) As explained to us, material discrepancies were noticed and the inventory has been completely written off during the year as it is totally unusable and have no market value,

c) As explained to us, the company, during the year, has not been sanctioned working capital limits in excess of five crore rupees, in aggregate, from banks or Financial institutions on the basis of security of current asset.

d) As explained to us, no quarterly returns or statements have been filed by the company with financial institutions or banksas there was no working capital limits so this clause is not commented upon.

3. The Company has during the year, not 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. Accordingly, the provisions of clause (iii) of the Order is not applicable.

4. According to the information and explanation given to us, the company has taken loan from holding company so provisions of section 185 and 186 of the Companies Act, 2013 have been complied with.

5. The Company has not accepted any deposits from the public and hence the directives issued by the Reserve Bank of India and the provisions of Sections 73 to 76 or any other relevant provisions of the Act and the Companies (Acceptance of Deposit) Rules, 2015 with regard to the deposits accepted from the public are not applicable.

6. The company has not maintained any cost records on account of no business as the company was taken over as going concern during the current year via order of NCLT Indore dated 3^rd February 2025 and so we cannot comment on cost records u/s 148( 1 )(d) of the companies Act ,2013.

7.1n respect of the Statutory Dues:

a) According to the information and explanation given to us and records examined by us. Undisputed statutory dues including provident fund, investor education and protection fund, employees state insurance, income -tax, sales tax, wealth-tax, service tax, customer duty, excise duty, cess and other material statutory dues, if any applicable to it, have not been regularly deposited with appropriate authorities and there have been material delays in numerous numbers of cases. There are noarrears of outstanding dues at the last day of financial year concerned for a period of more than six months from the date they became payable subject to the following disclosure;

" Upon approval of the reliefs and concessions allowed by the Hon ble NCLT, Indore Bench in Inv 7 of 2024 fded by the auction purchaser after acquisition of the company as a going concern; all non- compliances, breaches and defaults of K.S OILS LIMITED for the period prior to the Effective Date (including but not limited to those relating to tax), shall be deemed to be waived by the concerned Governmental Authorities. Immunity shall be deemed to have been granted to K.S OILS from all proceedings and penalties under all Applicable Laws for any non-compliance for the period prior to the Effective Date and no interest/penal implications shall arise due to such non-compliance /default /breach prior to the Effective Date or even accruing after the Effective Date, but arising out of matters or actions arising prior to the Effective Date ",

Referring to the approved acquisition plan by the NCLT order dated 3^rd February received by us dated 5" February 2025 all the disputed statutory dues need not to be paid and hence not required to be reported here in the financial year 2024- 2025.

(c) According to the records of the Company, there are no amounts that are due to be transferred to the investor Education and Protection Fund in accordance with the relevant provisions of the Companies Act,

1956 and rules made there.

8. According to the information and explanation given to us, company has no transactions, not recorded in the books of account that have been surrendered or disclosed as income during the year in the tax assessments under the income Tax Act, 1961 (43 of 1961).

9. (a) Based on our audit procedures and according to the information and explanations given to us, the Company was taken over in going concern vide Honble NCLT order dated 3^rd February 2025 and borrowings were part of excluded assets under going concern and no new loans have been taken during the year hence it has not defaulted in repayment of dues to any financial institutions or banks or debenture holders.

b) As per information available in the public domain, the Company had been included in the list of wilful defaulters published by the Reserve Bank of India (RBI). This classification is based on disclosures made by lending institutions and disseminated through RBIs reporting framework. However, after the Company was taken over in going concern on a clean state basis vide Honble NCLT order dated 3^rd February 2025; the company is no longer in the list of willful defaulters.

c.) The company has not taken a term loan and hence there is no question of default in repayment during the year under consideration.

d) According to the information and explanation given to us, no funds have been raised so there is no question of funds raised on short term basis having been utilized for long term purposes;

e) According to the information and explanation given to us, the company has no subsidiary, associates or joint ventures so this clause is not applicable.

0 According to the information and explanation given to us, the company has no subsidiaries, joint ventures and associate companies so no question of raising loans during the year on the pledge of securities held in its subsidiaries, joint ventures or associate companies arises.

10. a) The Company has not raised moneys by way of initial public offer or further public offer (including debt instruments) during the year; however, shares will be allotted to SPV on 30.05.2025 and its nominees public on 01.08.2025 and debt brought in by SEPL subsequent to acquisition in the next year

(b) According to the information and explanation given to us, the Company has not made any preferential allotment or private placement of shares or convertible debentures (fully, partially or optionally convertible) during the year.

However, as per the Honble NCLT order and as per the terms of issue, the CRPS were redeemable at the end of seven years from the date of allotment, i,e., during the financial year 2020-21. The redemption was structured to include a premium of 64% on the face value of the shares. However, payment of the redemption premium was subject to a condition that it would be made only if the Company had cash balances in excess of ^7,500 lakhs at the time of redemption.These CRPS, held by financial creditors, stood extinguished upon the implementation of the NCLT-approved resolution plan dated 03 February 2025, and the carrying value was transferred to Capital Reserve in accordance with applicable Ind AS requirements.

11(a).During the course of our examination of the records of the Company, carried out in accordance with the generally accepted auditing practices in India, and according to the informations and explanations given to us, we have neither come across any instance of fraud on or by the Company, noticed or reported during the year, nor have we been informed of such case by the management.

(b) According to the information and explanation given to us, no report under subsection (12) of section 143 of the Companies Act has been filed by the auditors in Form ADT-4 as prescribed under rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government;

? According to the information and explanation given to us, no whistle-blower complaints, received during the year by the company;

12. Company is not a nidhi company, accordingly provisions of the Clause (xii) of the Order is not applicable to the company.

13. According to the information and explanations given to us, we are of the opinion that all transactions with related parties are in compliance with Section 177 and 188 of Companies Act, 2013 where applicable and the details have been disclosed in the Financial Statements etc, as required by the Accounting Standards and the Companies Act, 2013.

14. According to the information and explanations given to us, the company has no internal audit system at present since it was in the process of CIRP and then Liquidation and taken over as going concern as per NCLT order dated 3^rd February 2025 in the current year only; however, it will implement the same in due course.

15. According to the information and explanations given to us. we are of the opinion that the company has not entered into any non-cash transactions with directors or persons connected with him and accordingly, the provisions of clause (xv) of the Order is not applicable.

16. According to the information and explanations given to us, we are of the opinion that the company is not required to be registered under section 45-1A of the Reserve Bank of India Act, 1934 and the company is not a Core Investment Company (C1C) as defined in the regulations made by the Reserve Bank of India, accordingly the provisions of clause (xvi) of the Order are not applicable,

17. According to the information and explanations given to us and based on the audit procedures conducted we are of opinion that the company has incurred Rs91 Lakhs cash losses in the current financial year and 1051 Lakhs in the immediately preceding financial year.

18. There has been no resignation of the statutory auditors during the year and accordingly, the provision of clause (xviii) of the order is not applicable.

19. Since the Company was under CIRP and went into Liquidation on 16" March 2024 and taken over by the new management as a going concern company; therefore, existence of any materia! uncertainty on 31.03.2025 regarding the ageing report, financial ratios and expected dates of realization of financial assets and payment of financial liabilities, any other information accompanying the financial statements, Board of Directors and management plans are covered under Notes to accounts.

20. The provisions of Section 135 towards corporate social responsibility are not applicable on the company. Accordingly, the provisions of clause (xx) of the Order is not applicable.

21. The company has no subsidiary company .Hence, the reporting under clause (xxi) of the order has not been done.

Annexure B to the Independent Auditors Report

Report on the Internal Financial Control 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 of K.S OILS Limited Company (“the Company”) as on 31st March 2025 in conjunction with our audit of the 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”) issued by the Institute of Chartered Accountants of India and the Standards on Auditing prescribed under Section 143(10) of the Act, to the extent applicable to an audit of internal financial controls. 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 judgement, 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 transactions 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 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 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, materia! 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.

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 system over financial reporting 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 Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.