Kachchh Minerals Ltd Auditor Reports

1. We have audited the accompanying standalone annual financial results of Kachchh Minerals Limited (the Company) for quarter and the year ended March 31, 2026 and the standalone statement of assets and liabilities and the standalone statement of cash flows as at and for the year ended on that date ("standalone financial results") attached herewith, being submitted by the Company pursuant the requirement of Regulation 33 of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015 as amended ("Listing Regulations")

Opinion

1. We have audited the accompanying standalone annual financial results of Kachchh Minerals Limited (the Company) for quarter and the year ended March 31, 2026 and the standalone statement of assets and liabilities and the standalone statement of cash flows as at and for the year ended on that date ("standalone financial results") attached herewith, being submitted by the Company pursuant the requirement of Regulation 33 of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015 as amended ("Listing Regulations")

2. In our opinion and to the best of our information and according to the explanations given to us. the aforesaid standalone financial results.

i. Are presented in accordance with the requirements of regulation 33 of the Listing Regulations in this regard; and

ii. give a true and fair view in conformity with the recognition and measurement principals laid down in the applicable accounting standards prescribed under section 133 of the Companies Act, 2013 ("the Act") and other accounting principles generally accepted in India of loss and other comprehensive income and other financial information for the year ended March 31, 2026 and the standalone statement of assets and liabilities and the standalone statement of cash flows as at and for the year ended on that date.

Basis for Opinion

3. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act and other applicable pronouncements issued by the institute of Chartered Accountants of India ("the ICAI").our responsibilities those Standard are further derived in the auditors Responsibilities for the Audit of the standalone financial results section of our report,

We are independent of the Company in accordance with the Code of Ethics issued by the ICAI together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibility 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.

Emphasis of Matter paragraph

4. Opinion is not modified in respect of any matter, Management Responsibility for the standalone Financial Results.

5. These standalone financial results have been prepared on the basis of the standalone annual financial statement. The Company Board of Directors are responsible for the preparations standalone financial results that give a true and fair view of the loss and other comprehensive and other financial information of the Company and the standalone statement asset and liabilities and the stand alone statement cash flow I accordance with recognition and, easement principal laid down in Indian Accounting Standard prescribed under section133 of the Act read with relevant rules issued thereunder and other accounting principal generally accepted in India and in compliance with Regulation 33 of the Listing Regulations.

This Responsibility also include maintains of adequate accounting records in accordance with the provisions of the act for safe guarding of the assets of the Company and for preventing and detecting frauds and other irregularities:

sections and application appropriate accounting politics; making judgments and estimate that are reasonable and prudent: and design implementation and maintains of adequate internal financial controls that were operating effective for ensuring the accuracy and completeness of the accounting records, relevant of the proportions and presentation of the standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error..

6. In preparing the standalone financial results, the Board of Directors are 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 the board of directors either intend the Company of to cease operations, or has no realistic alternative but to do so.

7. The Board of Directors are responsible for overseeing the Companys financial reporting process of the Company. Auditors Responsibilities for the Audit of the Standalone Financial Results

8. Our Objective are to obtain reasonable assurance about whether there standalone financial results 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 misstatement when it exits. Misstatement can arise from fraud or error and are considered material if, Individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results.

9. 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 risk of the material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risk and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not deleting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omission, misrepresentations or the override of internal control.

Obtain an understanding of internal control relevant to the audit on order to design audit procedures that are appropriate in the circumstances. Under section 143 (3)(i) of the act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statement 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 the board of directors.

Conclude on the appropriateness of the board of directors use of the going concern basis of accounting and based on the audit evidence obtained, whether a material uncertainty exists related to event or condition that may cast significant doubt on the companys ability to continue as a going concern. If we conclude that a material uncertainty exist, we are required to draw attention on our auditors report to the related disclosure in the financial results or if such disclosure 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 result including the disclosures, and whether the financial results represent underlying transactions and events in a manner that achieves fair presentation.

10. We communicated 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 communicated with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

11. Management has performed year end physical verification of the inventories. we have not conducted physical verification of stock but Consequently, we have performed alternate procedures to audit the existence of inventory as per the guidance provided in SA 501 Audit Evidence- Specific consideration for selected Items which includes

13. The standalone financial results dealt with by this report have been prepared for the express purpose of filing with stock exchanges on which the companys shares are listed. These results are based on and should be read with the audited standalone financial statement of the company for the year ended March 31, 2026 on which we issued an unmodified audit opinion.

Our report on the Statement is not modified in respect of this matter.

12. The standalone financial results include the result for the quarter ended March 31, 2026 being the balancing figure between the audited figures in respect of full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us.

13. The standalone financial results dealt with by this report have been prepared for the express purpose of filing with stock exchanges on which the companys shares are listed. These results are based on and should be read with the audited standalone financial statement of the company for the year ended March 31, 2026 on which we issued an unmodified audit opinion.

Annexure-A

Report on the internal financial controls with reference to the aforesaid standalone financial statements under section 143(3)(i) of the Companies Act, 2013 (Referred to in paragraph 2(f) under Report on Other Legal and Regulatory Requirements section of our report of even date)

Opinion

We have audited the internal financial controls with reference to financial statements of Kachchh Minerals Limited ("the Company") as of 31 March 2026 in conjunction with our audit of the standalone financial statements of the Company for the year ended on that date.

In our opinion, the Company has, in all material respects, an adequate internal financial control system with reference to financial statements and such internal financial controls were operating effectively as at 31 March 2026, based on the internal financial controls with reference to financial statements criteria established by the Company considering the essential components of internal controls stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India ("Guidance note").

Managements Responsibility for Internal Financial Controls

The Companys management and the Board of Directors are responsible for establishing and maintaining internal financial controls based on the internal financial controls with reference to financial statements criteria established by the Company considering the essential components of internal control stated in the Guidance Note. 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 Companies Act, 2013 (hereinafter referred to as "the Act").

Auditors Responsibility

Our responsibility is to express an opinion on the Companys internal financial controls with reference to financial statements based on our audit. We conducted our audit in accordance with the Guidance Note and the Standards on Auditing, prescribed under section 143(10) of the Act, to the extent applicable to an audit of internal financial controls with reference to financial Statements.

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 with reference to financial statements were established and maintained and whether 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 with reference to financial statements and their operating effectiveness.

Our audit of internal financial controls with reference to financial statements included obtaining an understanding of such internal financial controls, 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 standalone 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 with reference to financial statements.

Meaning of Internal Financial Controls with reference to Financial Statements

Financial Statements 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 controls with reference to financial statements include 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 authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of un authorized acquisition, use, or disposition of the companys assets that could have a material effect on the financial statements.

Inherent Limitations of Internal Financial Controls with reference to financial statements

Because of the inherent limitations of internal financial controls with reference to financial statements, 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 with reference to financial statements to Future periods are subject to the risk that the internal financial controls with reference to financial statements may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Annexure-B

Report on the Financial Statements

The Annexure referred to in our Independent Auditors Report to the Members of the Company on the Financial Statements for the year ended March 31, 2026, we report that:

(i) (a) The company has maintained proper records showing full particulars, including quantitative details and situation of fixed assets. (b) We are informed that all the major assets have been physically verified by the management during the year, no material discrepancies were noticed on such verification of Fixed Assets during the year.

(ii) (a) According to information and explanations given to us, the Company has conducted physical verification of inventories at reasonable intervals. (b) According to the information and explanations given to us, the procedure of physical verification of inventories carried on by the management appears to be reasonable and adequate in relation to the size and nature of its business.

(c) According to information and explanations given to us, the company maintains proper inventory records; no material discrepancies were noticed between physical stock as compared to book records. We have not performed physical verification of the stock; Management of the company is taking physical stock regularly and we have relied on the same.

(iii) The Company has not granted any loans Secured or unsecured to Companies, Firms or other parties covered in the register maintained under section 189 of the Companies Act, 2013 ("the Act").

(a) According to the information and explanations given to us, the company has not granted any loans, secured or unsecured to companies firms or other parties. Therefore, the provisions of clause iii (b) of paragraph (3) of order are not applicable.
(b) According to the information and explanation given to us, the company has not granted any loans. Therefore, provisions of clause iii (c) of paragraph (3) of the order are not applicable.

(iv) In our opinion and according to the information and explanation given to us, there are Adequate internal control procedures commensurate with the size of the company and Nature of its business with regard to purchase of inventories stores, spare parts, components, fixed assets including plant & machinery, equipment and other assets and With regards to sale of goods. There is no continuing failure to correct major weakness in internal control of company.

(v) In our opinion and according to the information and explanation given to us, the company has not accepted any deposits from the public u/s 73 to 76 or any other provisions of Companies Act and rules framed there under.

(vi) In our opinion and according to the information and explanation given to us, the Central Government has not prescribed the maintenance of cost records under section 148(1) of the Act, for the products of the Company.

(vii) According to information and explanation given to us and the records of the company examined by us, the company has generally been regular in depositing with the appropriate authorities is undisputed dues, including income tax, value added tax, royalty and other material statutory dues as applicable to it.

(viii) The accumulated losses at the end of financial year 2025-2026 are not more than 50% of Companys net worth. The Company has earned cash Profits during the period covered by the report and the financial year immediately preceding such financial year.

1. According to information and explanation given to us by the management, the company has not defaulted in repayment of dues to financial institutions, banks and Debenture holders. 2) According to information and explanation given to us, the Company has not given any guarantee for loans taken by others from banks and financial institutions, the terms and conditions whereof are prejudicial to the interest of the company. 3) According to information and explanation given to us, no term loan has been availed by the company. 4) According to information and explanation given to us, no fraud on or by the company has been noticed or reported during the year. 5) In our opinion and according to the information and explanations given to us, the company has not raised any money by way of initial public offer or further public offer (including debt instrument) and money raised by way of term loans during the year have been applied for the purposes for which they were raised. 6) During the course of our examination of the books and records of the company, carried out in accordance with the generally accepted auditing practices in India, and according to the information and explanations given to us, we have neither come across any instance of material fraud by the company or on the company by its officers or employees, noticed or reported during the year, nor have been informed of any such case by the management. 7) According to the records of the company examined by us, and information and explanations given to us, the company has paid/provided for managerial remuneration in accordance with the requisite approvals mandated by the provisions of section 197 read with schedule v to the Act. 8) In our opinion and according to the information and explanation given to us, the company is not a Nidhi company and the Nidhi Rules, 2014 are not applicable to it. 9) According to the information and explanation given to us and based on our examination of the records of the company. Transactions with the related parties are in compliance with sections 177 and 188 of the Act and details of such transactions have been disclosed in the financial statements as required by the applicable accounting standards. 10) According to the records of the company examined by us, and information and explanations given to us, the company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year. 11) According to the records of the company examined by us, and information and explanations given to us, the company has not entered into non-cash transactions with directors or persons connected with him. 12) The company is not required to be registered under section 45-IA of the Reserve bank of India Act 1934.

No:- 404443 Date: 30/05/2026

Place: Mumbai

UDIN: 2640443CLHXEH6648