Kabra Extrusion Technik Ltd Auditor Reports

To,

The Members of Kabra Extrusiontechnik Limited Report on the Audit of Standalone Financial Statements Opinion

We have audited the Standalone Financial Statements of Kabra Extrusiontechnik Limited ("the Company"), which comprises the Standalone Balance Sheet as at 31st March 2026, the Standalone Statement of Profit and Loss (including the Statement of Other Comprehensive Income), the Standalone Statement of Changes in Equity, the Standalone Statement of Cash Flows for the year ended on that date and notes to the financial statements, including a summary of material accounting policies and other explanatory information (hereinafter referred to as "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,as amended ("the Act") 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 other accounting principles generally accepted in India, of the state of affairs of the Company as at 31st March 2026, its loss, other comprehensive income changes in equity and its cash flows for the year ended on that date.

Basis for Opinion

We conducted our audit of the Standalone Financial Statements in accordance with the Standards on Auditing (SAs) 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 Standalone 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 (ICAI) together with the ethical requirements that are relevant to our audit of the Standalone 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 on the Standalone Financial Statements.

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the Standalone Financial Statements of the current period. These matters were addressed in the context of our audit of the Standalone Financial Statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

Key audit matters	How our audit addressed the key audit matter
A. Revenue Recognition	Our audit procedures to assess the revenue recognition includes the following:
The company recognizes revenue from sale of goods and services measured at the amount of transaction price (net of variable consideration), when it satisfies its performance obligation at a point in time which is when products are delivered to buyer whereas sale of services includes maintenance services provided to various customers. Accordingly, revenue recognizes when all significant risk and rewards of ownership of goods are passed on to the customer.	i. Testing of the design and implementation of controls involved in the determination of the estimates used as well as their operating effectiveness;
	ii. Testing a sample of Pos and SLA for appropriate identification of performance obligations and verification of contract value;
	iii. For the sample selected, matching the revenue, actual invoices recorded and actual cost incurred against each project on the basis of which revenue is recognized;
	iv. Evaluated the process followed by the management for revenue recognition including understanding and testing of key controls related to recognition of revenue in correct period
	v. Performed analytical procedures for reasonable- ness of revenues disclosed by type and service offerings and we have ensured that the disclosures provided in notes are in accordance with the Ind AS 115 and Companies Act, 2013.
B. Valuation of Inventory
Refer to Note 7 of the Standalone Financial Statements, where inventory forms a significant part of company\u2019s assets as on 31st March, 2026. Inventory is comprised of raw material and work in progress which are valued as per IND AS 2.	Our audit procedures to assess the valuation of inventory includes the following:
We focus on this area because of its size, the assumptions used in valuation and the complexity of the project completion, which are relevant while determining the amounts recorded.	i. Attending the stock counts at locations to observe the stock count process and evaluate the condition of site work in progress.
	ii. Testing the valuation methods used by the management in valuation of raw material and work in progress.
	iii. Comparing on sample basis specific purchases with underlying supporting documents.
	iv. Evaluating the appropriateness of the basis and processes used by the Management in determining the net realizable value of work in progress and cost for the raw material.
C. Contingent Liability
The Company has duties and taxes litigations that are pending with various tax authorities. Whether a liability is recognized or disclosed as a contingent liability in the financial statements is inherently judgmental and dependent on assumptions and assessments. We placed specific focus on the judgements in respect to these demands against the Company. Determining the amount, if any, to be recognized or disclosed in the financial statements, is inherently subjective. Therefore, it is considered to be a key audit matter.	Our procedures included, but were not limited to, the following:
(Refer Note 41(a) to Standalone Financial Statements)	Obtained an understanding from the management with respect to process and controls followed by the Company for identification and monitoring of significant developments in relation to the litigations, including completeness thereof. Obtained the list of litigations from the management and reviewed their assessment of the likelihood of outflow of economic resources being probable, possible or remote in respect of the litigations.
	Assessed management \u2019 s discussions held with their legal consultants and understanding precedents in similar cases; Our own assessment on the adequacy and appropriateness of the disclosures made by the management in the financial statements.

Information Other than the Standalone 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 Directors Report, but does not include the Standalone Financial Statements and our auditors report thereon.

Our opinion on the Standalone 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 Standalone Financial Statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the Standalone 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.

Responsibility of Management and those charged with governance for the Standalone Financial Statements

The Companys Management and Board of Directors is responsible for the matters stated in section 134(5) of the Companies Act, 2013 ("the Act") with respect to the preparation of these Standalone Financial Statements that give a true and fair view of the financial position, financial performance (including other comprehensive income), changes in equity and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Indian Accounting Standards (Ind AS) specified under section 133 of the Act read with the Companies ( Indian Accounting Standards) Rules 2015 , as amended. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting 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 Standalone Financial Statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Standalone 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 Standalone Financial Statements

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. 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 Standalone Financial Statements.

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

Identify and assess the risks of material misstatement of the Standalone 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.

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

Conclude on the appropriateness of management s 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 Standalone 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 Standalone Financial Statements, including the disclosures, and whether the Standalone Financial Statements represent the underlying transactions and events in a manner that achieves fair presentation.

Materiality is the magnitude of misstatements in the Standalone Financial Statements that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Standalone 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 Standalone 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 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 and Regulatory Requirements

1. As required by the Companies (Auditors Report) Order, 2020 ("the Order") issued by the Central Government in terms of Section 143(11) of the Act, we give in "Annexure A" a statement on the matters specified in paragraphs 3 and 4 of the Order.

2. As required by Section 143(3) of the Act, based on our audit 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 purpose 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 Standalone Balance Sheet, the Standalone Statement of Profit and Loss including the Statement of Other Comprehensive Income, Standalone Statement of Changes in Equity and the Standalone Statement of Cash Flow dealt with by this report are in agreement with the relevant books of account; d) In our opinion, the aforesaid Standalone Financial Statements comply with the Ind AS specified under Section 133 of the Act, read with Companies (Indian Accounting Standards) Rules, 2015, as amended; e) On the basis of the 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) Based on our examination of the books of accounts, there are no qualification, reservation or adverse remark relating to the maintenance of accounts and other matters connected therewith on reporting under Rule 11(g); g) With respect to the adequacy of the internal financial controls with reference to the Standalone Financial Statements of the Company and the operating effectiveness of such controls, refer to our separate Report in Annexure B. h) As required by section 197(16) of the Act; in our opinion and according to information and explanation provided to us, the remuneration paid/provided by the company to its directors for the current year is in accordance with the provisions of section 197 of the Act and remuneration paid/provided to directors is not in excess of the limit laid down under this section. i) 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, as amended in our opinion and to the best of our information and according to the explanations given to us: i. The Standalone Financial Statements disclose the impact of pending litigations on the financial position of the company- Refer Note 41(a) to the Standalone Financial Statement. ii. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses. iii. There has been no delay in transferring the amounts required to be transferred, to the Investor Education and Protection Fund by the Company. iv. With respect to clause (e) of Rule 11 of the Companies (Audit and Auditors) Rules, 2014, as amended: a. The Management has represented to us that, to the best of its knowledge and belief other than as disclosed in notes to accounts to the Standalone Financial Statements if any , no funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the company to or in any other person(s) or entity(ies), including foreign entities ("Intermediaries"), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, whether, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the company ("Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries b. The Management has represented that, to the best of its knowledge and belief, no funds have been received by the company from any person(s) or entity(ies), including foreign entities ("Funding Parties"), with the understanding, whether recorded in writing or otherwise, that the 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 any guarantee, security or the like on behalf of the Ultimate Beneficiaries; and c. Based on audit procedures, nothing has come to our notice that has caused us to believe that the representations under sub-clause (a) and (b) contain any material misstatement. v. The final dividend paid by the Company during the year in respect to the previous year is in accordance with section 123 of the Companies Act 2013 to the extent it applies to payment of dividend. vi. Based on our examination which included test checks, the company has used ERP for maintaining its books of account for the financial year ended March 31, 2026 which has feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the software system.

Further, we did not come across any instance of the audit trail feature being tampered with and the audit trail has been preserved by the company incorporated in India as per the statutory requirement for record retention.

	For Kirtane & Pandit LLP
	Chartered Accountants
	Firm Registration No.105215W/W100057
	Akshay B. Purandare
	Partner
Place: Mumbai	Membership No.: 141984
Date: May 28, 2026	UDIN: 26141984DPWZQZ2443

ANNEXURE A TO THE INDEPENDENT AUDITORS REPORT

The annexure referred to in paragraph 1 in Report on Other Legal and Regulatory Requirements of the Independent Auditors Report to the members of the Company on the Standalone Financial Statements for the year ended 31st March 2026, we report that:

(i) a. (A) The Company has maintained proper records showing full particulars including quantitative details and situation of Property, Plant and Equipment.

(B) The Company has maintained proper records showing full particulars of Intangible Assets. b. The Company has a regular program of physical verification of property, plant and equipment wherein all items of property, plant and equipment are verified once in every 3 years period, which is reasonable with regard to the size of the Company and nature of its assets. No discrepancies were noticed during such verification. c. According to the information and explanations given to us and on the basis of our examination of the records of the Company, the title deeds of all the immovable properties (other than properties where the company is the lessee and the lease agreements are duly executed in favor of the lessee) as disclosed in the Standalone Financial Statements are held in the name of the Company. d. According to the information and explanation given to us the Company has not revalued its Property, Plant and

Equipment (PPE) (including Right of use assets) & intangible assets during the year. Accordingly, reporting under Paragraph 3(i) (d) of the Order regarding Revaluation of PPE and intangible assets is not applicable. e. According to the information and explanation provided to us and as represented to us by the management no proceedings have been initiated or are pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (As amended in 2016) and rules made there under. Accordingly reporting under Paragraph 3(i)(e) is not applicable.

(ii) a. The inventory has been physically verified by the Management during the year. In our opinion, the frequency, coverage and the procedure of such verification is reasonable and appropriate. The discrepancies noticed on verification between the physical stocks and the book records were not 10% or more in the aggregate for each class of inventory and have properly dealt with in the books of accounts. b. According to the information and explanation given to us and on the basis of our examination of the records of the

Company, the Company has been sanctioned working capital limits in excess of five crore rupees, from banks on the basis of security of current assets. In our opinion, the quarterly returns or statement filed by the Company with such banks are in agreement with the books of account of the Company.

(iii) 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 not provided any guarantee or security or granted any advances in the nature of loans other than loans to employees, secured or unsecured to companies, firms, limited liability partnership or any other parties during the year. Further as informed to us the Company has not made any investment, not provided any guarantees or not provided security in connection with the loan during the year. Accordingly, paragraph 3(iii)(a), 3(iii)(c), 3(iii)(d), 3(iii)(e), 3(iii)(f) of the Order is not applicable. With respect to reporting under 3(iii)(b) in respect loans and advances given to employees as per companys policy does not prima facie appears to prejudicial to the companys interest of the Company.

(iv) There are no loans, investments, guarantees and security in respect of which provisions of Section 185 and 186 of the Companies Act, 2013 are applicable and accordingly, the requirement to report on Clause 3(iv) of the Order is not applicable to the Company.

(v) In our opinion and according to the information and explanations given to us, the Company has not accepted any deposits or amounts which are deemed to be deposits from the public, hence the directives issued by the Reserve Bank of India and provisions of Section 73 to 76 or any other relevant provisions of the Act and the rules framed there under, are not applicable. Further, according to the information and explanations given to us, no order in this respect has been passed by the Company Law Board or National Company Law Tribunal or Reserve Bank of India or any Court or any other Tribunals. Accordingly, reporting under Paragraph 3(v) of the Order is not applicable.

(vi) We have broadly reviewed the books of accounts maintained by the company pursuant to the rules prescribed the Central Government for maintenance of Cost Records under section 148(1) of the Act in respect of its manufactured goods and services provided by it and are of the opinion that prima facie, the prescribed accounts and records have been made and maintained. However, we have not carried out a detailed examination of the records with a view to determine whether these are accurate or complete.

(vii) a. According to the information and explanations given to us and the records of the Company examined by us, in our opinion, the Company is generally regular in depositing undisputed statutory dues in respect of Income Tax (Tax Deducted at Source), Goods and Services Tax, provident fund, employees state insurance, sales tax, service tax, income tax, duty of customs, duty of excise, value added tax, cess and other material statutory dues, as applicable, with the appropriate authorities According to the information and explanations given to us, no undisputed amounts payable in respect of statutory dues were in arrears as at 31st March 2026 for a period of more than six months from the date they became payable except for the one mentioned below:

1. Reverse Charge Mechanism (RCM) liability pertaining to Parinam Law Associates amounting to Rs. 33,520 for the month of July 2025 remains outstanding for a period exceeding six months from the date it became payable. b. According to the information and explanations given to us and the records of the Company examined by us, statutory dues relating to Goods and Service Tax, Provident Fund, Employees State Insurance, Income Tax, Duty of Customs or Cess or other statutory dues which have not been deposited on account of any dispute are as follows:

Name of the Statue	Nature of the dues	Amount* ( in Lakhs)	Period to which the amount relates	Forum where dispute is pending
Goods and Service	CENVAT on ocean	2.25	2017-18	Original Adjudicating
Tax Act, 2017	freight			Authority
Goods and Service	E-way Bill Discrepancy	9.24	2018-19	The Commissioner of
Tax Act, 2017				Customs
Goods and Service	Delayed RCM	5.03	2019-20 & 21	Commissioner (Appeal)
Tax Act, 2017	Compliance
Goods and Service	Excess Stock	165.72	2025-26	Additional Commissioner
Tax Act, 2017	Discrepancy			Grade-II Appeal
Income Tax Act,	U/s 35(2AB) of IT Act	125.85	2013-2014	The Commissioner of
1961				Income Tax (Appeals)
Income Tax Act,	Order U/s.154 LTCG	70.21	2018-2019	Asst Director of Income
1961				Tax
Income Tax Act,	Order U/s.154 -	101.09	2021-2022	Director of Income Tax
1961	Mismatch in Tax Audit
	Report & ITR
Income Tax Act,	Order U/s.154 -	24.75	2022-2023	Director of Income Tax
1961	Mismatch in Interest
	U/s.234B & 234C
Customs Act, 1962	Appeals filed against	1.43	2021-2022	Joint Commissioner
	the Order in Original			of Customs

(viii) According to the information and explanations given to us and as represented by the Management, there are no transactions which are not recorded in the books of account, and which have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961.

(ix) Based on representation given by the management of the company and according to the information and explanations given to us-a. The Company has not defaulted in repayment of loans or other borrowings or in the payment of interest thereon to any lender as at the balance sheet date. b. We report that the Company has not been declared willful defaulter by any bank or financial institution or government or any government authority. c. According to the information and explanation given to us by the Management and on the basis of our examination of the records of the Company, the term loans were applied for the purpose for which the loans were obtained. d. According to the information and explanations given to us by the Management funds raised on short term basis have not been utilized for long term purposes. e. According to the information and explanations given to us by the Management the Company has not taken any funds from any entity or person on account of or to meet the obligations of its associates. f. According to the information and explanations given to us by the Management the Company has not raised loans during the year on the pledge of securities held in its associate companies.

(x) a. The Company has not raised money by way of initial public offer or further public offer (including debt instruments) during the year. Accordingly, reporting under Paragraph 3(x)(a) of the Order is not applicable. b. The Company has not made any preferential allotment or private placement of shares or fully or partly paid convertible debentures during the year and hence reporting under Paragraph 3 (x)(b) of the Order is not applicable to the Company. (xi) a. No fraud by the Company or on the Company has been noticed or reported during the year. b. During the year, no report under sub-section (12) of section 143 of the Companies Act, 2013 has been filed by us in

Form ADT-4 as prescribed under Rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government. c. As represented to us by the Management, there are no whistle blower complaints received by the Company during the year.

(xii) In our opinion and according to the information and explanations given to us, the Company is not a Nidhi Company. Accordingly, reporting under Paragraph 3(xii) of the Order is not applicable.

(xiii) According to the information and explanation given to us and based on our examination of the records of the Company, transaction with the related parties are in compliance with Sections 177 and 188 of the Act, where applicable, and the details of transactions have been disclosed in the Standalone Financial Statements as required by Ind AS 24 Related Party Disclosures.

(xiv) The Company has an internal audit system and is required to have an internal system under the provisions of Section 138 of the Companies Act, 2013. Also, we have taken into consideration the reports made available to us by the Management of the Internal Auditors for the period under audit.

(xv) In our opinion and according to the information and explanations given to us by the Management the Company has not entered into any non-cash transactions with its directors or persons connected with him. Accordingly, the provisions of Paragraph 3(xv) of the Order are not applicable to the Company.

(xvi) In our opinion and according to the information and explanations given to us: a. The Company is not required to be registered under Section 45-IA of the Reserve Bank of India Act, 1934. b. According to the information and explanations given to us and procedures performed by us, we report that the Company has not conducted any Non-Banking Financial or Housing Finance activities during the year. Therefore, reporting under Paragraph 3(xvi)(b) of the order is not applicable. c. The company is not a Core Investment Company (CIC) as defined in the regulations made by the Reserve Bank of

India. Accordingly, reporting under Paragraph 3(xvi)(c) of the Order is not applicable. d. There is no Core Investment Company as a part of the Group, hence, the requirement to report on Clause 3(xvi)(d) of the Order is not applicable to the Company.

(xvii) The Company has not incurred any cash loss during the financial year ended on 31st March 2026 and the immediately preceding financial year. Accordingly, reporting under Paragraph 3(xvii) of the Order is not applicable.

(xviii) There has been no resignation of the statutory auditors during the year. Accordingly, reporting on Clause 3 (xviii) of the Order is not applicable.

(xix) In our opinion and according to the information and explanations given to us and on the basis of the financial ratios, ageing and expected dates of realization of financial assets and payment of financial liabilities, other information accompanying the financial statement, our knowledge of the Board of Directors and the Management plans and based on our examination of the evidence supporting the assumptions, nothing has come to our attention, which causes us to believe that any material uncertainty exists as on the date of the audit report that company is not capable of meeting its liabilities existing at the date of balance sheet as and when they fall due within a period of one year from the balance sheet. We, however, state that this is not an assurance as to the future viability of the company. We further state that our reporting is based on the facts up to the date of the audit report and we neither give any guarantee nor any assurance that all liabilities falling due within a period of one year from the balance sheet date, will get discharged by the company as and when they fall due.

(xx) a. There is no unspent amount which was required to be transferred to a Fund specified in Schedule VII Companies act in compliance with second proviso to sub-section (5) of section 135 of the Companies act, accordingly reporting under paragraph 3(xx)(a) of the Order is not applicable to the Company. b. In our opinion and according to the information and explanation given to us, in respect of ongoing project, the Company had an unspent amount of Rs. 8,94,000 which has been transferred to a special account in compliance of provision to a special account in compliance of provision of sub-section (6) of section 135 of Companies Act, 2013.

(xxi) The reporting under clause 3(xxi) of the order is not applicable in respect of audit of standalone Financial Statements of the Company. No comments have been included in respect of said clause in this report.

	For Kirtane & Pandit LLP
	Chartered Accountants
	Firm Registration No.105215W/W100057
	Akshay B. Purandare
	Partner
Place: Mumbai	Membership No.: 141984
Date: May 28, 2026	UDIN: 26141984DPWZQZ2443

ANNEXURE B TO THE INDEPENDENT AUDITORS REPORT

Report on the Internal Financial Controls Over Financial Reporting Under Clause Financial Clause (i) of Subsection 3 of Section 143 of the Companies Act, 2013 ("The Act")

(Referred to in paragraph 2(g) under Report on Other Legal and Regulatory Requirements of our report of even date)

Opinion

In conjunction with our audit of the Standalone Financial Statements of Kabra Extrusiontechnik Limited (the Company) as of and for the year ended March 31, 2026; we have audited the internal financial controls over financial reporting of the company incorporated in India, as of that date.

In our opinion, to the best of our information and according to the explanations given to us, the Company, which is incorporated in India, 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, 2026 based on the internal control over financial reporting criteria established by these entities 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 ("the Guidance Note").

Managements Responsibility for Internal Financial Controls

The respective Board of Directors of the Company are responsible for establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by these entities, 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 respective 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 Companies Act, 2013.

Auditors Responsibility

Our responsibility is to express an opinion on the internal financial controls over financial reporting based on our audit. We conducted our audit in accordance with the Guidance Note issued by the Institute of Chartered Accountants of India and the Standards on Auditing prescribed under section 143(10) of the Companies Act, 2013, 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 judgment, including the assessment of the risks of material misstatement of the standalone financial statements, whether due to fraud or error. We believe that the audit evidence obtained by us 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 standalone 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 standalone 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 standalone 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.

	For Kirtane & Pandit LLP
	Chartered Accountants
	Firm Registration No.105215W/W100057
	Akshay B. Purandare
	Partner
Place: Mumbai	Membership No.: 141984
Date: May 28, 2026	UDIN: 26141984DPWZQZ2443