Kairosoft AI Solutions Ltd Auditor Reports

TO THE MEMBERS OF KAIROSOFT Al SOLUTIONS LIMITED Report on the audit of the Financial Results Opinion We have audited the accompanying Standalone financial statements of KAIROSOFT AI SOLUTIONS LIMITED (the company), which comprise the Balance Sheet as at March 31, 2026, the Statement of Profit and Loss including the statement of other comprehensive income, the Cash flow statement and the Statement of change in Equity for the year ended, and a summary of significant accounting policies and other explanatory information. In our opinion and to the best of our information and according to the explanations given to us, aforesaid Ind AS financial statements give the information required by the Companies Act, 2013 (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 the 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 31 st March, 2026 and its profit/(loss) (including Other Comprehensive Income), its changes in equity and its cash flows for the year ended on that date. Basis for Opinion We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act. 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 together with the ethical requirements that are relevant to our audit of the Ind AS Standalone financial statements under the provisions of the Act 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, 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. We have determined the matters described below to be the key audit matters to be communicated In our report. S.no Key Audit Matters How our audit addressed the key audit matter 1 Impairment of Loan and Advances The company has applied a simplified ECL model to determine the impairment against loan and Advances at the reporting date. The expected credit loss (ECL) model involves the use of various assumptions and study of historical observed defaults rates over the expected life of Loans. The significant judgments include the assessment for the forward-looking estimates. Due to the significance of Loan and Advances and the significant judgment involved in determining the ECL, the impairment of Loan and Advances was considered to be Key audit matter - We have assessed the design and Implementation and tested the operating effectiveness of the Companys relevant key financial controls around the ECL allowance. - We critically assessed the ECL model developed by the Company and verified with requirement of Ind AS 109. - Tested Key assumptions and judgments, such as those used to assess the likelihood of default and loss on default by comparing two historical data We considered the adequacy of the disclosures in the standalone financial statements against the requirement of Ind As 109, Financial Instruments and Ind AS 107, Financial Instruments Disclosures

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 Boards Report including Annexures to Boards 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. Responsibilities of Management and Those Charged with Governance for the Standalone financial statements The Company \u2019 s Board of Directors is responsible for the matters stated in Section 134(5) of the Act with respect to the preparation of these Ind AS 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 1 ) notified under Section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding 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 Ind AS 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, the Board of Directors 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 the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. Those 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 the 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. 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 ore 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. 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 ali relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. Report on Other Legal and Regulatory Requirements 1. As required by the Companies (Auditors Report) Order, 2020 (the Order), as amended, issued by the Central Government of India in terms of sub-section (11) of section 143 of the Act, we give in the 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, 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, except for the matters stated in the paragraph below Clause h(iv), on reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014; c. The Balance Sheet and the Statement of Profit and Loss Including other comprehensive income, the Cash Flow statement and the statement of changes in equity dealt with by this Report are In agreement with the books of account; d. In our opinion, the aforesaid Standalone financial statements comply with the Indian Accounting Standards (Ind AS) notified under Section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time e. On the basis of written representations received from the directors as on March 31, 2026 taken on record by the Board of Directors, none of the directors Is disqualified as on March 31, 2026 from being appointed as a director in terms of Section 164 (2) of the Act. f. 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; and g. The provision of section 197 read with Schedule V to the Act regarding managerial renumeration have been complied by the company h. 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. The Company does not have any pending litigations which would impact its financial position; ii. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses; iii. There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company. iv. Based on our examination which included test checks and information given to us, the Company has used accounting softwares for maintaining its books of account, which has a feature of recording audit trail (edit log) facility and same has not been operated throughout the year for all relevant transactions recorded in the respective softwares, furthermore during the course of Audit we did not come across any instance of audit trail feature being tempered with one implemented. v, The modifications relating to the maintenance of accounts and other matters connected therewith are as stated in the paragraph above on reporting under section 143(3)(b) of the Act and paragraph above on reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014	For S. Agarwal & Co.
	Chartered Accountants
	FRN: 000808N
	S.N. Agarwal
Place: New Delhi	(Partner)
Date: 30.05.2026	M. No.: 012103
UDIN: 26012103DOABMY403Q

Annexure A to the Independent Auditors Report (Referred to in paragraph 1 under the heading Report on Other Legal & Regulatory Requirement of our report of even date to the Standalone financial statements of the Company for the year ended March 31, 2026) Annexure - A to the Auditors \u2019 Report The Annexure A referred to in Independent Auditors Report to the members of the Company on the standalone financial statements for the year ended 31 March 2026, we report that: 1) (3) (A) The company is maintaining proper records showing full particulars, including quantitative details and situation of Property, Plant and Equipment; (B) As per information and explanation given to us, the company is maintaining proper records showing full particulars of intangible assets which is under development (b) The Property, Plant and Equipment have been physically verified by the management at reasonable intervals; no material discrepancies were noticed on such verification. (c) According to information and explanation given to us, the company does not hold any immovable property during the year dealt with by this report. Accordingly, the provisions of sub-clause (i)(c) of para 3 of the order are not applicable. (d) The company has not revalued its Property, Plant and Equipment or intangible assets or both during the year. (e) No proceedings have been initiated or are pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder. 2) (a) The company does not have any inventory as on 31.03.2026. (b) The company has not been sanctioned any working capital limits in excess of five crore rupees, in aggregate, from banks or financial institutions on the basis of security of current assets. 3) In respect of loans or advances in the nature of loans, secured or unsecured given to the companies, firms, limited liability partnership or any other parties during the year (a) During the year, the Company has made investments in and granted ioans/advances in the nature of loans to parties. The details of such transactions are as under: Particulars	Amount (in Lakhs)
Aqqregate amount granted/provided during the year	RS 226.57
Aqqreqate amount Invested durinq the year	Rs 956,76
Balance of loans outstandinq as at 31 March 2026	Rs 1061.20
Balance of loans outstanding as at 31 March 2025	Rs 2054.11

Balance of Investment outstanding as at 31 March 2026	Rs 9G3.72
Balance of Investment outstanding as at 31 March 2025	Rs 0.49

(b) In our opinion, the investments mode and the terms and conditions of the grant of loans/advances In the nature of loans during the year arc, prlma facie, not prejudicial to the interest of the Company. (c) The above-mentioned loans are demand loans repayable on demand hence no schedule of their repayment is required. Accordingly, we are unable to comment on the regularity of repayment of principal and payment of interest. (d) Since the loans are repayable on demand and no repayment schedule has been stipulated, hence reporting on the amount overdue for more than ninety days is not applicable. (e) No loan or advance in the nature of loan granted by the Company which has fallen due during the year has been renewed or extended or fresh loans granted to settle the overdues of existing loans, (f) The Company has granted loans aggregating to Rs 226.57 Lakhs during the year and total outstanding balance of loans as on 31.03,2026 is Rs 1061.20 lakhs, representing 100% of the total loans granted, which are repayable on demand. In respect of such loans, the aggregate amount outstanding as at the balance sheet date is Rs 1061.20 lakhs. The loans are supported by balance confirmations and promissory notes obtained from the borrowers. 4) According to information and explanations given to us, The Company has complied with the provisions of Sections 185 and 186 of the Companies Act, 2013 in respect of investments by it during the year. 5) As per the provisions of Section 73 and 76 the company does not have nor has accepted any deposit during the year. 6) The maintenance of cost records as specified by the Central Government under sub section (1) of section 148 of the Companies Act is not applicable on the Company. 7) (a)The company is regular in depositing undisputed statutory dues including Goods and Services Tax, provident fund, employees state insurance, income-tax, duty of customs, value added tax, cess and any other statutory dues to the appropriate authorities and there are no arrears of outstanding statutory dues as on the last day of the financial year concerned for a period of more than six months from the date, they became payable However, during the year, the provisions of the Employees Provident Fund and Miscellaneous Provisions Act, 1952 and the Employees State Insurance Act, 1948 became applicable to the Company. The Company has not yet obtained registration under the said Acts and, accordingly, has not determined the liability, if any, payable thereunder. As this is the first year of applicability of these Acts and the Company is in the process of obtaining registration, the amount of Provident Fund and ESI dues, if any, payable by the Company is presently not ascertainable (b) According to the information and explanation given to us, there are no dues of income tax, sales tax, service tax, GST, duty of customs, duty of excise, value added tax outstanding on account of any dispute 8) There are 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) According to the information and explanation given to us, the company has not defaulted in repayment of loans or other borrowings or in the payment of interest thereon to any lender (b) The company has not been declared willful defaulter by any bank or financial Institution or other lender; (c) According to the information and explanations given to us by the management, the company has utilized the loans against the purpose for which it was obtained (d) According to the information and explanations given to us and on an overall examination of the balance sheet of the Company, we report that no funds have been raised on shortterm basis that have been utilized for the long- term purpose by the Company (e) The company has not taken any funds from any entity or person on account of or to meet the obligations of its subsidiaries, associates or joint ventures. (f) The company has not raised any loans during the year on the pledge of securities held in its subsidiaries, joint ventures or associate companies. 10) (a) The Company has not raised any money by way of initial public offer or further public offer (including debt instruments) therefore clause relating to diversion of said funds is not applicable. (b) During the year, the Company has not made any preferential allotment or private placement of shares or convertible debentures (fully or partly or optionally) and hence reporting under clause 3(x)(b) of the Order is not applicable. 11) (a) No fraud by the company or fraud on the company has been noticed or reported during the year, (b) No report under sub-section (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; (c) No whistle-blower complaints, have been, received during the year by the company; 12) The Company is not a Nidhi Company defined under section 406 of Companies Act 2013 13) In our opinion, all transactions with the related parties are in compliance with section 177 and 188 of Companies Act, 2013 and the details have been disclosed in the Standalone financial statements as required by the applicable accounting standards. 14) (a) Thu company has an Internal audit system commensurate with the size and nature of its business; (b) The reports of the internal Auditors for the period under audit were considered by the us. 15) The company has not entered Into any non-cash transactions with directors or persons connected with him. 16) (a) In our opinion, the Company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934, Hence, reporting under clause 3{xvi)(a), (b) and (c) of the Order is not applicable. (b) The Company has not conducted any Non-Banking Financial or Housing Financial Activities (c) the company is not a Core Investment Company (CIC) as defined in the regulations made by the Reserve Bank of India. (d) According to the information and explanations provided to us during the course of audit, the Group does not have any CIC. Accordingly, the provisions of sub clause (xvi)(d) of para 3 the order are not applicable. 17) The company has incurred cash losses of Rs 2.47 lakhs In the financial year and in the immediately preceding financial year of Rs 236.33 Lakhs 18) There has been resignation of the statutory auditors during the year. We have adequately communicated with the outgoing auditors and no material issues, objections or concerns raised by the them. 19) On the basis of the financial ratios, ageing and expected dates of realisation of financial assets and payment of financial liabilities, other information accompanying the Standalone financial statements , the auditors knowledge of the Board of Directors and management plans, there is no material uncertainty on the date of the audit report that company is 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 date. 20) Provisions of section 135 of the Companies Act 2013 relating to CSR activities regarding are not applicable on the Company 21) Reporting on any qualifications or adverse remarks by the respective auditors in the Companies (Auditors Report) Order (CARO) reports of the companies included in the consolidated Standalone financial statements is not applicable In cose of standalone financial statements	For S. Agarwal & Co.
	Chartered Accountants
	FRN: 000808N
	S.N. Agarwal
Place: New Delhi	(Partner)
Date: 30.05.2026	M. No.: 012103
UDIN: 26012103DOABMY403Q

(Referred to In paragraph 2(f) of the independent auditors report of even date on the Standalone financial statements of the company for the year ended March 31, 2026.) Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (the Act). We hove audited the internal financial controls over financial reporting of KAIROSOFT A! SOLUTIONS LIMITED (the Company) as of March 31, 2026 in conjunction with our audit of the Standalone financial statements of the Company for the year ended on that date. Managements Responsibility for Internal Financial Controls The 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 the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (the Guidance Note) issued by the Institute of Chartered Accountants of India (ICAI). 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 Company \u2019 s 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) and the Standards on Auditing, to the extent applicable to an audit of internal financial controls, both issued by the Institute of Chartered Accountants of India and deemed to be prescribed under section 143(10) of the Act to the extent applicable to an audit of internal financial controls both applicable to an audit of Interna! Financial Controls and, both issued by the Institute of Chartered Accountants of India. 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 materia! 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 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 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 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 controis 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, 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, 2026, 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. \u25a1\u25a1	For S. Agarwal & Co.
	Chartered Accountants
	FRN: 000808N
	S.N. Agarwal
	(Partner)
	M. No.: 012103