Manika Plastech Ltd Auditor Reports

To,

The Board of Directors, Manika Plastech Limited,

(Formerly known as Manika Plastech Private Limited) C/22-26, First Tax Free Industrial Estate, Silvassa Khanvel Road, Village Saily, Silvassa-396230, UT of Dadra & Nagar Haveli.

Dear Sirs,

1) We, C N K & Associates LLP, Chartered Accountants have examined the attached Restated Consolidated Financial Information of Manika Plastech Limited (the Company) and its subsidiary (the Company and its subsidiary together referred to as the Group), comprising the Restated Consolidated Statement of Assets and Liabilities as at June 30, 2026, March 31, 2026, March 31, 2025 & March 31, 2024, the Restated Consolidated Statements of Profit and Loss (including Other Comprehensive Income), the Restated Consolidated Statement of Changes in Equity, the Restated Consolidated Cash Flow Statement for the quarter ended June 30, 2026 and for the years ended March 31, 2026, March 31, 2025 & March 31, 2024, the Summary Statement of Material Accounting Policies and other explanatory information (collectively, the Restated Consolidated Financial Information), as approved by the Board of Directors of the Company at their meeting held on July 29, 2026 for the purpose of inclusion in the Red Herring Prospectus (RHP)/Prospectus prepared by the Company in connection with its proposed Initial Public Offer (IPO) of equity shares of face value of 2 each comprising a fresh issue of equity shares prepared in terms of the requirements of:

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

b) The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (ICDR Regulations);

c) The Guidance Note on Reports in Company Prospectuses (Revised 2019) issued by the Institute of Chartered Accountants of India (ICAI), as amended from time to time (the Guidance Note).

2) The Companys Management and the Board of Directors is responsible for the preparation of the Restated Consolidated Financial Information for the purpose of inclusion in the RHP/Prospectus to be filed with Securities and Exchange Board of India, Bombay Stock Exchange, National Stock Exchange and Registrar of Companies, Gujarat in connection with the proposed IPO. The Restated Consolidated Financial Information has been prepared by the Management of the Company on the basis of preparation stated in Note 1 & 2 to the Restated Consolidated Financial Information.

The responsibility of the Management and the Board of Directors of the companies included in the Group includes designing, implementing and maintaining adequate internal controls relevant to the preparation and presentation of the Restated Consolidated Financial Information. The respective Board of Directors are also responsible for identifying and ensuring that the Group complies with the Act, ICDR Regulations and the Guidance Note.

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

a) The terms of reference and terms of our engagement agreed upon with you in accordance with our engagement letter dated December 05, 2024, in connection with the proposed IPO of equity shares of the Company;

b) The Guidance Note also requires that we comply with the ethical requirements of the Code of Ethics issued by the ICAI;

c) Concepts of test checks and materiality to obtain reasonable assurance based on verification of evidence supporting the Restated Consolidated Financial Information; and

d) Requirements of Section 26 of the Act and the ICDR Regulations.

4) Our work was performed solely to assist you in meeting your responsibilities in relation to your compliance with the Act, the ICDR Regulations, and the Guidance Note in connection with the proposed IPO.

5) These Restated Consolidated Financial Information have been compiled by the Management from Special Purpose Interim Consolidated Financial Statements of the Group for the quarter ended June 30, 2026, Audited Consolidated Financial Statements of the Group as at and for the years ended March 31, 2026 and as of and for the year ended 31 st March 2025 (with comparatives for the year ended March 31, 2024) prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015 as amended and other accounting principles generally accepted in India which have been approved by the Board of Directors at their meeting held on July 29, 2026, May 12, 2026 and August 12, 2025 respectively.

6) For the purpose of our examination, we have relied on: a) Auditors Report dated July 29, 2026, issued by us on the Special Purpose Interim Consolidated Financial Statements of the Group for the quarter ended June 30, 2026.

b) Auditors Report dated May 12, 2026, issued by us on the Audited Consolidated Financial Statements of the Group for the year ended March 31, 2026.

c) Auditors Report dated August 12, 2025, issued by us on the Consolidated Financial Statements of the Group for the year ended March 31, 2025 (with comparatives for the year ended March 31, 2024).

7) According to the information and explanations given to us, we further report that the Restated Consolidated Financial Information:

a) have been prepared, as per the accounting policies including amended Schedule III disclosures, followed as at and for the year ended March 31, 2026 and for the quarter ended June 30, 2026.

b) does not contain any qualifications requiring adjustments; and

c) have been prepared in accordance with the Act, the ICDR Regulations, and the Guidance Note.

8) The Restated Consolidated Financial Information does not reflect the effects of events that occurred subsequent to the respective dates of the reports on the Audited Consolidated Financial Statements / Special Purpose Interim Consolidated Financial Statements.

9) This report should not in any way be construed as a reissuance or re-dating of any of the previous audit reports issued by us, nor should this report be construed as a new opinion on any of the financial statements referred to herein.

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

11) Our report is intended solely for use of the Board of Directors for inclusion in the RHP/Prospectus proposed to be filed with Securities and Exchange Board of India, Bombay Stock Exchange, National Stock Exchange and Registrar of Companies, Gujarat in connection with the proposed IPO. Our report should not be used, referred to, or distributed for any other purpose except with our prior consent in writing. Accordingly, we do not accept or assume any liability or any duty of care for any other purpose or to any other person to whom this report is shown or into whose hands it may come without our prior consent in writing.