Olatech Solutions Ltd Auditor Reports

TO THE MEMBERS OF OLATECH SOLUTIONS LIMITED

Report on the Audit of the Standalone Financial Statements

Opinion

We have audited the accompanying standalone financial statements of OLATECH SOLUTIONS LIMITED (here in after referred to as “tire Company”), which comprise the Balance Sheet as at March 31, 2026, and the Statement of Profit & Loss and the Statement of Cash flows for the year then ended, and notes to the standalone financial statements, including a summary of significant accounting policies and other explanatory information (collectively 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 (herein after referred to as “the Act”) in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of die state of affairs (financial position) of the Company as at March 31, 2026, and profits (financial performance), 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 diose 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 Insdtute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the standalone financial statements under 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.

Other Information

The Companys Board of Directors are responsible for the other information. The other information comprises the information included in the annual 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 in the 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 the fact. We have nothing to report in this regard.

INDIA

Responsibilities of Management and Those Charged with Governance for the Standalone Financial Statements

The Companys Board of Directors is responsible for the matters stated in section 134{5) of 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, and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the accounting Standards specified under section 133 of the Act. Ttus 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 aaequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness ot the accounting records, relevant to the preparation and presentation of the standalone tmandal statements that give a true and fair view and are tree from material misstatement, whether due to fraud or error.

In preparing the standalone financial statements, the Board of Directors is responsible for assessing the Company 5 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 me Company or to cease operations, or has no realistic alternative but to do so.

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 axe to obtain reasonable assurance about wrhether the standalone financial statements as a wnole are free from material misstatement, whether due to fraud or error, and to issue an auditors report mat 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 alwavs 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 Act, we are also responsible for expressing our opinion on wrhether 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 die 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 die Company to cease to as a going concern.

• Evaluate die overall presentation, structure and content of the standalone financial __ statements including die 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 a?Sregate> makes it probable that die economic decisions of a reasonably knowledgeable user of the standalone financial statements may be influenced. We consider quantitadve 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 taming of die 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. .

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditors Report) Order, 2020 (“the Order”) issued by the Central Government of India in terms of Sub-section (11) of Section 143 of the Act and on the basis of such checks of the books and records of the Company as we considered appropriate and according to the information and explanations given to us, we give in the Annexure-A a statement on the matters specified in paragraphs 3 and 4 of the Order, to the extent applicable.

2. As required by section 143(3) of the Act, we report that:

a) We have sought and obtained all the information and explanations which to the best of our _ knowledge and belief were necessary for the purposes of our audit;

b) In our opinion, proper books of account as required by law have been kept by the Company, so far as appears from our examination of those books;

c) The Balance Sheet, the Statement of Profit and Loss and the Cash Flow Statement dealt with by dais report are in agreement with the books of account; •

d) In our opinion, the aforesaid standalone financial statements comply with the Accounting

Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 201-1;

e) On the basis of written representations received from die directors as on March 31, 2026, anil taken on record by the Board of Directors, none of die directors is disqualified as on March 31,

2026, from being appointed as a director in terms of Section 164 (2) of the Act;

f) In our opinion and according to die information and explanations given to us, we report that the remuneration paid/provided to the Directors during die year ended March 31, 2026 is in accordance with die provisions of Section 197 of Companies Act, 2013 read with Schedule V to the Act;

g) Widi respect to the adequacy of die internal financial controls over financial reporting of the Company and die operating effectiveness of such controls, refer to our separate Report in “Annexure B”;

h) With respect to the other matters to be included in the Auditors Report in accordance with the Rule 11 of die Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us, we report that:

i-The Company did not have any pending litigations during the year 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 Investors Education and - Protection Fund by the Company.

iv. (a) As per the information and explanation given to us by the management, 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 or entity, including foreign entities (“Intermediaries”), with die understanding, whether recorded in writing or otherwise, that the Intermediary shall, whether, direedy or indireedy 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 die like on behalf of the Ultimate Beneficiaries;

(b) As per the information and explanation given to us by the management, no funds have been received by the company from any person or entity, including foreign entities (“Funding Parties”), with the understanding, whether recorded in writing or otherwise, that the company shall, whether, direedy or indireedy, 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) On the basis of above representations, nothing has come to our notice that has cause us to believe that the above representations contained any material mis-statement.

v. Based on the information and explanation provide to us, no dividend has been dcclarctl or paid during the year by the company. _

vi. Based on our examination, which include test checks, die company has used accounting software for maintaining its books of accounts which has a feature of recording audit trail (edit log) facility and the same has been operated throughout the year for all relevant transactions recorded in the software. Furdier, during the course of our audit we did not come across any instance of audit trail feature being tampered with.

As per proviso to Rule 3(1) of the Act, the audit trail has been preserved by the Company as per - the statutory requirements for record retention.

ANNEXURE-A TO INDEPENDENT AUDITORS REPORT

Annexure to the Independent Auditors Report of even date to the members of Olatech Solutions Limited, on tire financial statements for the year ended 31st March 2026.

Based on the audit procedures performed for the purpose of reporting a true and fair view on die financial statements of the Company and taking into consideration the information and explanations given to us and die books of account and odicr records examined by us in the normal course of audit, 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 paruculars of Intangible Assets.

(B) The major Property, Plant and Equipment of the company have been physically verified by die management at reasonable intervals during the year and no material discrepancies were noticed on such verification.

(C) According to the information and explanation given to us, the tide deeds of the rmmovable properties (odier than properties where the company is the lessee and the lease agreements are duly executed in favor of the lessee) are held in the name of die company.

(D) The Company has not revalued its Property, Plant and Equipment (including Right of Use assets) or intangible assets or both during the year.

(E) According to the information and explanations given to us, no proceedings have been initiated or are pending against the Company for holding any benami property under the Prohibition of Benami Property Transactions Act, 1988 and the rules made thereunder. Accordingly, the provisions of clause 3(i)(e) of the Order are not applicable.

(ii) (a)The physical verification of inventory has been conducted by the management at reasonable intervals during die year and, in our opinion, die coverage and procedure of such verification by the management is appropriate having regard to the size of the Company and the nature of its operations. No discrepancies of 10% or more in the aggregate for each class of inventory- were noticed on such verification.

(b) According to die information and explanations given to us, the Company has not been sanctioned working capital limits in excess of ?5 crore, in aggregate, at any point of time during the year, from banks or financial institutions on the basis of security of current assets. Accordingly, the reporting requirement under clause 3(ii)(b) of the Order relating to the quarterly returns or statements filed with such banks or financial institutions is not applicable.

(iii) During die year die company has made investments in, provided any guarantee or security or granted any loans or advances in the nature of loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or any other pardes:

(A)

(a) during die year die company has provided loans or provided advances in the nature of loans, or stood guarantee, or provided security to subsidiaries, joint ventures and associates.

To Whom	The aggregate amount during the year	Balance outstanding at the balance sheet date
Subsidiaries, joint ventures and associates	Rs. 1,09,91,532.71	Rs. 1,09,91,532.71

(b) during the year the company has provided loans or provided advances in the nature of loans, or stood guarantee, or provided security to persons other than associates, subsidiaries and joint ventures.

To Whom	The aggregate amount during the year	Balance outstanding at die balance sheet date
Parties other dian subsidiaries, joint ventures and associates	Rs. 3,31,27,756.04	Rs. 3,61,62,756.04

(B) According to the information and explanadons given to us, the investments made, guarantees provided, securities given and the terms and conditions of die grant of loans and advances in the nature of loans are not prejudicial to the Companys interest.

(C) In respect of loans and advances in die nature of loans, the schedule of repayment of principal and payment of interest lias been stipulated and the repayments or receipts are regular.

(D) According to the information and explanadons given to us, there are no amounts overdue for more dian ninety days in respect of loans and advances in the nature of loans. Accordingly, the requirement to report on whether reasonable steps have been taken for recovery of principal and interest does not arise.

(E) According to the information and explanations given to us, no loan or advance in the nature of loan granted by die Company has fallen due during the year and has been renewed or extended, or a fresh loan has been granted to setde the overdues of existing loans given to the same parties. Accordingly, the reporting requirement under clause 3(iii)(e) of the Order is not applicable.

(F) The Company has granted loans or advances in the nature of loans, either repayable on demand ..

or without specifying any terms or period of repayment.

During the year, the Company granted an unsecured loan of ?99.50 lakh to Healdi Tales Hospitality Private Limited at an agreed interest rate of 12% per annum, which was repayable on demand. The said loan was subsequendy converted into equity shares of die said company at the year-end.

Particulars	All Parties	Promoters	Related Patties
Repayable on Demand	?99.50 lakli	Nil	?99.50 lakh*
Percentage to Total Loans	22.55%	Nil	22.55%

* The above loan was converted into equity shares at the year-end.

(iv) According to the information and explanadons given to us and based on our examination of the records of the Company, the provisions of Sections 185 and 186 of the Companies Act, 2013 in respect of loans, investments, guarantees and securities, as applicable, have been complied with.

(v) The Company has not accepted any deposits or amounts which are deemed to be deposits under the directives of the Reserve Bank of India and die provisions of Sections 73 to 76 or any other relevant provisions of the Companies Act, 2013 and the rules framed thereunder, where applicable. Accordingly, the provisions of clause 3(v) of the Order are not applicable.

(vi) To the best of our knowledge and belief, the Central Government has not specified maintenance of cost records under sub-section (1) of Section 148 of the Act, in respect of Companys products/ services.

Accordingly, the provisions of clause 3(vi) of the Order are not applicable.

(vii) (a) The Company is regular in depositing undisputed statutory dues including Goods and Services Tax, provident fund, employees state insurance, income-tax, sales-tax, service tax, duty of customs, duty of excise, value added tax, cess and any other statutory dues, as applicable, with the appropriate authorities. Further, no undisputed amounts payable in respect thereof were outstanding at the year-end for a period of more than six months from the date they became payable.

(b) the company has a disputed income tax demand of ?34,11,885 (including interest/other components) for the Assessment Year 2021-22 under Section 143(3) of the Income Tax Act, 1961, arising from the difference between the returned income of ?82,92,516 and the assessed income of ?1,02,16,110 by the Income Tax Audiorities; the matter is currendy under appeal and pending final adjudication.

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

(ix) (a) In our opinion, the company has not defaulted in repayment of loans or odier borrowings or in the payment of interest thereon to any lender during the year;

(b) Company is not declared willful defaulter by any bank or financial institudon or other lender;

(c) According to the informadon and explanadons given to us and based on our examination of the records of the Company, the term loans obtained during the year were applied for the purposes for which diey were obtained. Accordingly, no amount of term loan was diverted for purposes odier than those for which the loans were obtained.

(d) According to die information and explanation given to us, funds raised on short term basis have been utilized for said purposes;

(e) According to the informadon and explanadon given to us, the company has not taken any funds from any enuty or person on account of or to meet the obligations of its subsidiaries, associates or joint ventures; .

(f) According to die informadon and explanadons given to us, the Company has not raised any loans during the year on die pledge of securities held in its subsidiaries, joint ventures or associate companies. Accordingly, the provisions of clause 3(ix)(f) of the Order are not applicable.

(x) (a) The Company has not raised moneys by way of initial public offer or further public offer (including debt instruments) during the year;

(b) According to the information and explanations given to us, the Company has not made any preferential allotment or private placement of shares or fully, partially or optionally convertible debentures during the year. Accordingly, the provisions of clause 3(x)(b) of the Order are not applicable,

(xi) (a) According to the information and explanation given to us, any fraud by the company or any fraud on the company has not been noticed or reported during the year;

(b) According to the information and explanations given to us, 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 the Companies (Audit and Auditors) Rules, 2014 with the Central Government.

(c) According to the information and explanations given to us, no whistle-blower complaints were received by the Company during die year.

(xii) Company is not a Nidhi company, accordingly provisions of the Clause 3(xii) of the Order is not applicable to die company:

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

(xiv) According to the information and explanations given to us, the Company has an internal audit system commensurate widi the size and nature of itsbusiness.

(xv) According to die information and explanations given to us, we are of the opinion that the company has not entered into any non-cash transactions with directors or persons connected with him and accordingly, the provisions of clause 3(xv) of die Order is not applicable.

(xvi) (a) The Company is not required to be registered under Section 45-IA of the Reserve Bank of India Act, 1934. Accordingly, reporting under clause 3(xvi)(n) of the Order is not applicable.

(b) The Company has not conducted any Non-Banking Financial or Housing Finance activities without a valid Certificate of Registration from the Reserve Bank of India.

(c) The Company is not a Core Investment Company (CIQ as defined under the regulations made by the Reserve Bank of India.

(d) According to the information and explanations given to us, the Group does not have any CIC. Accordingly, reporting under clause 3(xvi)(d) of the Order is not applicable.

(xvii) According to the information and explanations given to us and based on the audit procedures conducted we are of opinion that the company has not incurred any cash losses in the financial year and the immediately preceding financial year;

(xviii) There has been no resignation of the statutory auditors during the year and accordingly, the provisions of clause 3(xviii) of the Order is not applicable;

(xix) 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 statements, our knowledge of tire Board of Directors and management plans and based on our examination of the evidence supporting die assumpdons, nothing has come to our attention, which causes us to believe that any material uncertainty exists as on the date of the audit report indicating that company is incapable of meeting its liabilides existing at the date of balance sheet as and when they fall due within a period of one year from the balance sheet date. 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) In respect of Corporate Social Responsibility (CSR) under Section 135 of the Companies Act, 2013, the Company was required to spend an amount of ?7,55,732 towards CSR activities during the year. According to the information and explanations given to us and based on our examination of the records of the Company, the Company has spent an amount of ?7,77,000 towards CSR activities during the year. Accordingly, there is no unspent amount required to be transferred pursuant to the provisions of Section 135 of the Companies Act, 2013. Therefore, reporting under clause 3(xx)(a) and 3(xx)(b) of the Order is not applicable.

(xxi) In our opinion and according to the information and explanations given to us, there have been no qualifications or adverse remarks reported by the respective auditors in the Companies (Auditors Report) Order (CARO) reports of the companies included in the consolidated financial statements. Accordingly, the reporting under clause (xxi) of CARO 2020 is not applicable.

ANNEXURE-B TO THE INDEPENDENT AUDITORS REPORT

(Referred to in para 2(g) under “Report on other Legal and Regulatory Requirement” of our report of even date)

Report on the Internal Financial Controls under Clause (i) of Sub-Section 3 of Section 143 of the Companies Act, 2013 (“the Act”)

We have audited die internal financial controls over financial reporting of OLATECH SOLUTIONS LIMITED (“die Company”) as of March 31, 2026 in conjunction with our audit of the standalone financial statements of die Company for die year ended on that date.

Managements Responsibility for Internal Financial Controls

The Company s management is responsible for establishing and maintaining internal financial controls based on die internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in die Guidance Note on Audit of Internal Financial Controls over Financial Reporting (die "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 diat were operating effectively for ensuring die orderly and efficient conduct of its business, including adherence to Companys policies, die safeguarding of its assets, die prevention and detection of frauds and errors, die accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Act.

Auditors Responsibility .

Our responsibility is to express an opinion on the Companys internal financial controls over financial reporting based on our audit. We conducted our audit in accordance widi die Guidance Note and die Standards on Auditing, issued by die ICAI and prescribed under Section 143(10) of die Act, 2013 to the extent applicable, to an audit of internal financial controls bodi issued by The Institute of Chartered Accountants of India. Those Standards and the Guidance Note require that we comply widi ediical requirements and plan and perform the audit to obtain reasonable assurance about whedier 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 die adequacy of die 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 die risk diat a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on die assessed risk. The procedures selected depend on the auditors judgment, including the assessment of die risks of material misstatement of the standalone financial statements, whedier 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.

For Sachin & Associates,

Chartered Accountants

FCA

Parmer

Membership No.: 411062

Place: Lucknow

Date: 15-05-2026

UDIN: 26411062IPZWRQ3196