Ranjeet Mechatronics Ltd Auditor Reports

On TTie Financial Statement of RANJEET MECHATRONICS LIMITED

To

THE MEMBERS OF

RANJEET MECHATRONICS LIMITED
Report on the Financial Statements

We have audited the accompanying Financial Statements of RANJEET MECHATRONICS
LIMITED ("the Company") having CIN: L31100GJ1993PLC019635, which comprise the
Balance Sheet as at 31st March, 2026, the Statement of Profit and loss, Cash Flow Statement and a
summary of significant accounting policies and other explanatory information.

Opinion

In our opinion and to the best of our information and according to the explanations given to us, the
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 Accounting Standards
specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014
and other accounting principles generally accepted in India:

a) In the case of the Balance Sheet, of the state of affairs of the Company as at 31st March,
2026;

b) In the case of the Profit and Loss Account, of the profit for the year ended on that date.

c) In the case of Cash Flow Statement, of the cash flow for the year ended on that date.

Basis for Opinion

We have conducted our audit of the Financial Statements in accordance with the Standards on
Auditing specified under section 143(10) of the Act (SAs). Our responsibilities under those
Standards are further described in the Auditors Responsibility for the Audit of the 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 Financial Statements under the provisions of the
Act anc the Rules made thereunder, and we have fulfilled our other ethical responsibilities in
accordance with these requirements and the ICAIs Code of Ethics. We believe that the audit
evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion on the
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 Financial Statements of the current period. These matters were addressed in the
context of our audit of the Financial Statements as a whole, and in formingour opinion thereon,
and we do not provide a separate opinion on these matters. ⁴

Information other than the 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 Annexure to
Boards Report, Business Responsibility Report but does not include the Financial Statements and
our auditors report thereon.

Our opinion on the Financial Statements does not cover the other information and we do not
express any form of assurance or conclusion thereon.

In connec tion with our audit of the Financial Statements, our responsibility is to read the other
information and, in doing so, considering whether the other information is materially inconsistent
with the 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.

Managements Responsibility for the 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 Financial Statements that give a true and fair view of
the financial position and financial performance of the Company in accordance with the
accounting principles generally accepted in India, including the Accounting Standards specified
under Sec tion 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.

This responsibility also includes maintenance of adequate accounting records in accordance with
the provisions of the Act for safeguarding 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
presentat on of the Financial Statements that give a true and fair view and are free from material
misstatement, whether due to fraud or error.

In preparing the 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. That Board of
Directors are also responsible for overseeing the Companys Financial reporting process.

Auditors Responsibility for the Audit of Financial Statements

Our objectives are to obtain reasonable assurance about whether the 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 i^rtffl^Wisstatements can
arise from fraud or error and are considered material if, individually jaiirawmE aggregate, they could

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reasonably be expected to influence the economic decisions of users taken on the basis of these
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 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.
Trie 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 financial 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 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 the 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 are
required to draw attention in our auditors report to the related disclosures in the 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 Financial Statements,
including the disclosures, and whether the Financial Statements represent the underlying
transactions and events in a manner that achieves fair presentation.

- Obtain sufficient appropriate audit evidence regarding the financial information of the
Company to express an opinion on the Financial Statements.

Materiality is the magnitude of misstatements in the Financial Statements that individually or in
aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of
the 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 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 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 must not be communicated in our report because the adverse
consequences of doing so will 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 of India in term of sub section 143 of the Companies Act, 2013, we
give in the Annexure A statement on the matters specified in the paragraph 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 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 appears from our examination of those books.

c) The Balance Sheet, Statement of Profit and Loss dealt with by this Report are in
agreement with the books of account.

d) In our opinion, the aforesaid Financial Statements comply with the Accounting
Standards specified under Section 133 of the Act, read with Rule 7 of the
Companies (Accounts) Rules, 2014;

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 is
disqualified as on 31st March, 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 with reference to
Financial Statements of the Company and the operating effectiveness of such
controls, refer to our separate Report in "Annexure B". Our report expresses an
unmodified opinion on the adequacy and operating effectiv^DS^xjf the internal
financial controls with reference to Financial Statements.

g) With respect to the other matters to be included in the Auditors Report in
accordance with the requirements of section 197(16) of the Act, as amended:

In our opinion and to the best of my information and according to the explanations
given to us, the remuneration paid by the Company to its directors during the year is
in accordance with the provisions of section 197 of the Act.

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 has disclosed the impact of pending litigations on its financial
position in its Financial Statements- Refer Note 26 to the Financial
Statements.

ii. The Company did not have any long-term contracts including derivative
contracts for which there were any material foreseeable losses.

iii. The Company is not liable to transfer any amounts, required to be
transferred, to the Investor Education and Protection Fund by the Company
during the year ended March 31, 2026.

iv. Form DPT-3 for the financial year ended March 31, 2026, had not been filed
with the Registrar of Companies up to the date of this audit report.
Accordingly, the corresponding figures disclosed in the audited financial
statements could not be verified with the information to be reported therein.

v.

I. The Management has represented that, to the best of its knowledge
and belief, no funds (which are material either individually or in the
aggregate) 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 entity ("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;

II. The Management has represented, that, to the best of its knowledge
and belief, no funds (which are material either individually or in the
aggregate) have been received by the Company from any person or
entity, including foreign entity ("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 Beprffeiaqes") or provide

any guarantee, security or the like on behalf of the Ultimate
Beneficiaries;

III. Based on the audit procedures that have been considered reasonable
and appropriate in the circumstances, nothing has come to our notice
that has caused us to believe that the representations under sub-
clause (i) and (ii) of Rule 11(e), as provided under (a) and (b) above,
contain any material misstatement.

vi. The company has not declared or paid any dividend during the year in
contravention of the provisions of section 123 of the Companies Act, 2013.

vii. Based on our examination which included test checks, the company has
maintained an accounting software for maintaining its books of account
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. Further, during the course of audit we did not come across
any instance of audit trail feature being tampered with.

For, ABHISHEK KUMAR & ASSOCIATES
Chartered Accountants
(Registration Number: 130052W)

CA ABH1SHEK AGRAWAL
Proprietor

Membership Number.: 132305
UDIN: 26132305MKOPHK8441
Date: May 07, 2026
Place: Ahmedabad

AVNEXURE A TO THE INDEPENDENT AUDITORS REPORT

(Referred to in paragraph 2 under Report on Other Legal and Regulatory Requirements section of
our report to the Members of RANJEET MECHATRONICS LIMITED of even date).

To the best of our information and according to the explanations provided to us by the Company
and the books of account and records examined by us in the normal course of audit, we state that:

I. In respect of the Companys Property, Plant and Equipment and Intangible Assets:

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 no program of physical verification of Property, Plant and
Equipment so to cover all the assets once every three years which, in our opinion, is
reasonable having regard to the size of the Company and the nature of its assets,
based on the details submitted by management.

c. Based on our examination of the property tax receipts and lease agreement for land
on which building is constructed, registered sale deed / transfer deed / conveyance
deed provided to us, we report that, the title in respect of self-constructed buildings
and title deeds of all other immovable properties, disclosed in the Financial
Statements included under Property, Plant and Equipment are held in the name of
the Company as at the balance sheet date. According to the information and
explanations given to us, no material discrepancies were noticed on such
verification.

d. The Company has not revalued any of its Property, Plant and Equipment and
intangible assets during the year.

e. No proceedings have been initiated during the year or are pending against the
Company as at 31st March, 2026 for holding any benami property under the
Benami Transactions (Prohibition) Act, 1988 (as amended in 2016) and rules made
thereunder.

n.

a. According to the information and explanations given to us, having regard to the
nature of the Companys inventories, physical verification of inventories by the
management at reasonable intervals is not practicable. In our opinion, the
procedures adopted by the management for determining the inventory valuation are
appropriate having regard to the nature of the inventories and the size and nature of
the Companys operations.

b. In our opinion and according to the information and explanations given to us,
during the year, the Company has been sanctioned working capita! limits in excess
of five crore rupees, in aggregate, from banks or financial institutions and the
monthly statements filed by the Company with such banks or financial institutions
are not in agreement with the books of accounts of the Company. As explained by
the management, the difference is primarily due to unreconciled balances,
classification differences, and other reconciliation adjustments.

III. In our opinion and according to the information and explanations given to us and based on
records examined by us, during the year the Company has not 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
parties and accordingly reporting under paragraph 3(iii) of the Order is not applicable to the
Company;

a. The Company has not provided loans or advances in the nature of loans to other
entities during the year, exceeding the limits as prescribed under Section 186 of
Companies Act 2013.

b. In our opinion, there are no investments made and the terms and conditions of the
grant of loans, during the year are prima facie, not prejudicial to the Companys
interest.

c. The company has not granted any loans during the year.

d. The loans granted by the Company which has fallen due during the year, has been
renewed or extended however no fresh loans have been granted to settle the
overdues of existing loans given to the same parties.

e. The Company has not 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 has not provided any guarantee or security.

IV. In our opinion and according to the information and explanations given to us, the Company
has not given loans, investments, guarantees, and security in pursuance of section 185 and
186 of the Companies Act, 2013 accordingly reporting under paragraphs 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 complied with the provisions of Sections 73 to 76 or any other relevant provisions of
the Companies Act, 2013 and the rules framed thereunder, to the extent applicable. The
Company is required to file Form DPT-3 for the year ended March 31, 2026, on or before
June 30,2026, which is subsequent to the date of this report.

VI. According to the information and explanations given to us, the maintenance of Cost
Records has been specified by the Central Government under sub-section (1) of Section
148 of the Companies Act 2013 accordingly reporting under paragraphs 3 (iv) of the Order
is not applicable to the Company.

VII. In respect of statutory dues:

a) In our opinion, the Company has generally been irregular in depositing undisputed
statutory dues, including Goods and Services tax, Provident Fund, Employees State
Insurance, Income Tax, Sales Tax, Service Tax, duty of Custom, duty of Excise,
Value Added Tax, Cess and other material statutory dues applicable to it with the
appropriate authorities.

There were no undisputed amounts payable in respect of Goods and Service tax,
Provident Fund, Employees State Insurance, Income Tax, Sales Tax, Service Tax,
duty of Custom, duty of Excise, Value Added Tax, Cess and other material
statutory dues in arrears as at March, 2026 for a period of more than six months
from the date they became payable.

b) Details of statutory dues referred to in sub-clause (a) above which have not been
deposited as on 31st March, 2026 on account of any dispute are given below:

(Amount in Lakhs)

No.	Year	Nature of Due	Matter -	Amount involved	Current Status
1.	2023-24	Creditors	To pay the amount due along with interest thereon to M/s Hira Walraven Installations Systems Pvt. Ltd.	29.90	The supplier has lodged the case in Hon. Court of Civil Judge and it is pending the final verdict.
2.	2014-15	Income Tax	Outstanding Demand u/s 154	3.08	Response has been submitted, payment is pending.
3.	2017-18	Income Tax	Outstanding Demand u/s 154	0.10	Response has been submitted, payment is pending.
4.	2024-25	Income Tax	Outstanding Demand u/s 143 (la)	50.65	Response has been submitted, payment is pending.
5.	2010-11	TDS	Outstanding Demand	0.01	Payment is pending.
6.	2011-12	TDS	Outstanding Demand	0.03	Payment is pending.
7.	2012-13	TDS	Outstanding Demand	0.11	.Payment is f i
8.	2014-15	TDS	Outstanding Demand	0.05	Payment is pending.
9.	2015-16	TDS	Outstanding Demand	0.15	Payment is pending.
10.	2017-18	TDS	Outstanding Demand	0.01	Payment is pending.
11.	2018-19	TDS	Outstanding Demand	0.08	Payment is pending.
12.	2019-20	TDS	Outstanding Demand	3.08	Payment is pending.
13.	2020-21	TDS	Outstanding Demand	5.96	Payment is pending.
14.	2021-22	TDS	Outstanding Demand	6.29	Payment is pending.
15.	2022-23	TDS	Outstanding Demand	6.21	Payment is pending.
16.	2023-24	TDS	Outstanding Demand	2.98	Payment is pending.
17.	2024-25	TDS	Outstanding Demand	2.37	Payment is pending.
18.	2025-26	TDS	Outstanding Demand	1.52	Payment is pending.
19.	20:8-19	GST	Outstanding Demand	19.18	The payment is currently pending as the matter is under appeal before the appellate authority
20.	2019-20	GST	Outstanding Demand	5.40	The payment is currently pending as the matter is under appeal before the appellate authority
21.	2019-20	GST	Outstanding Demand	1.09	Payment is pending.
22.	2017-18	GST	Outstanding Order Demand under VAT	37.62	The payment is currently pending as the matter is under adjudication before the Honble Tribunal
23.	2020-21	GST	Outstanding Demand	9.22	Payment is pending.
24.	2019-20	GST	Outstanding Demand	1.31	The payment is currently pending as the matter is under appeal before the appellate .authority
25.	2022-23	GST	Penalty	0.60	The payment is currently pending as the matter is under appeal before the appellate authority.
26.	2023-24	GST	Penalty	2.50	The payment is currently pending as the matter is under appeal before the appellate authority.
TOTAL	189.5

VIII. There were no transactions relating to previously unrecorded income that have been
surrendered or disclosed as income during the year in the tax assessments under the Income
Tax Act, 1961 (43 of 1961).

IX.

a. 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 defaulted in
repayment of loans or other borrowings or in payment of interest thereon to any
lender.

b. 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 been declared a
wilful defaulter by any bank or financial institution or government or government
authority.

c. According to the information and explanations given to us by the management, the
company has utilized funds for the purpose for which it was obtained.

d. On an overall examination of the financial statements of the Company, funds raised
on short- term basis have, prima facie, not been used during the year for long-term
purposes by the Company.

e. According to the information and explanations given to us and on an overall
examination of the financial statements of the Company, we report that 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 as defined under
the Companies Act, 2013. Accordingly, clause 3(ix)(e) of the Order is not
applicable.

f. According to the information and explanations given to us and procedures
performed by us, we report that the Company has not raised loans during the year
on the pledge of securities held in its subsidiaries as defined under the Companies
Act, 2013. Accordingly, clause 3(ix)(f) of the Order is not applicable.

X.

a. In our opinion the Company has not raised moneys by way of initial public offer or
further public offer (including debt instruments) during the yeac.afldjtence reporting
under clause 3(x)(a) of the Order 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), hence
reporting under clause 3(x)(b) of the Order is not applicable.

XL

a. Based upon the audit procedures performed and the information and explanations
given by the management, no fraud by the Company or on the Company by its
officers or employees 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 in Form ADT-4 as prescribed under rule 13 of Companies (Audit and
Auditors) Rules, 2014 with the Central Government, during the year and up to the
date of this report.

c. In our opinion and according to the information and explanation given to us, the
Company has not received any whistle-blower complaints during the year.

XII. In our opinion, the Company is not a Nidhi Company and hence reporting under clause
(xii) of the Order is not applicable.

XIII. In our opinion, the Company is in compliance with Section 177 and 188 of the Companies
Act, 2013 with respect to applicable transactions with the related parties and the details of
related party transactions have been disclosed in the Financial Statements as required by
the applicable accounting standards.

XIV. In our opinion and according to the information and explanations given to us, the Company
does not have an internal audit system which does not commensurate with the size of the
Company and the nature of its business.

XV. In our opinion, during the year the Company has not entered into any non-cash transactions
with its directors or persons connected with its directors, and hence provisions of section
192 of the Companies Act, 2013 are not applicable to the Company.

XVI.

a. In our opinion, the Company is not required to be registered under section 45-1A 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. In our opinion, the Company has not conducted any Non-Banking Financial or
Housing Finance without activities a valid Certificate of Registration (COR) from
the Reserve Bank of India as per the Reserve Bank of India Act, 1934. Accordingly,
clause 3(xvi) (b) of the order is not applicable.

c. In our opinion, there is no core investment company within the Group (as defined in
the Core Investment Companies (Reserve Bank) Directions, 2016) and accordingly
reporting under clause 3(xvi)(d) of the Order is not applicable.

d. According to the information and explanations provided to us during the course of
audit, the Group does not have any CIC. Accordingly, the rgjujmrients of clause
3(xvi)(d) are not applicable.

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XVII. In our opinion and according to the information and explanation given to us, the Company
has not incurred cash losses during the financial year covered by our audit and the
immediately preceding financial year.

XVIII. According to the information and explanation given to us, there has been no resignation of
statutory auditor during the current financial period, accordingly, clause 3(xviii) of the
Oder is not applicable to the Company.

XIX. Oi 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 and our knowledge of the Board of Directors and Management plans and based
ori 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 indicating 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 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. The same is not applicable to company.

XX. The Company is not required amount towards Corporate Social Responsibility ("CSR")
ard there is unspent CSR amount for the year requiring a transfer to a Fund specified in
Schedule VII to the Act, or special account in compliance with the provision of sub-section
(6) of section 135 of the said Act. Accordingly, reporting under clause 3 (xx) of the Order
is not applicable for the year.

XXI. According to information and explanation given to us, based on examination of the
financial statement of the company, reporting under clause 3 (xxi) of the Order is not
applicable.

For, ABHISHEK KUMAR & ASSOCIATES

Chartered Accountants

Firm Registration No.: 130052W

CA ABHISHEK AGARWAL
Proprietor

Membership Number.: 132305
UDIN: 26132305MKOPHK8441
Date: May 07,2026
Place: Ahmedabad

ANNEXURE B TO THE INDEPENDENT AUDITORS REPORT

(Referred to in paragraph 2(f) under Report on Other Legal and Regulatory Requirements
section of our report to the Members of RANJEET MECHATRONICS LIMITED of even
date)

Report on the Internal Financial Controls with reference to Financials Statements under
Clause l i) of sub-section 3 of Section 143 of the Companies Act, 2013 (the "Act")

We have audited the internal financial controls over financial reporting of RANJEET
MECHATRONICS LIMITED (the Company) as of March 31, 2026, in conjunction with our
audit of the Financial Statements of the Company for the year ended on that date.

Managements Responsibility for Internal Financial Control

The Management of the Company is responsible for establishing and maintaining internal financial
controls with reference to financial statements 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 (THE
"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 the policies of the Company, 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 of the Company with
reference to financial statements over financial reporting based on our audit. We conducted our
audit in accordance with the Guidance Note issued by the ICAI 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 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 over financial
repotting 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 with reference to financial statements oyrfjfinanciart-reporting and their

operating effectiveness. Our audit of internal financial controls with reference to financial
statements 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 judgement, including the assessment of the risks
of material misstatement of the 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 internal financial controls with reference to financial statements
over financial reporting of the Company.

Meaning of Internal Financial Controls over Financial Reporting

The internal financial control over financial reporting of a company 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 the Generally Accepted Accounting
Principles. Internal financial control with reference to financial statements over financial reporting
of a Company includes those policies and procedures that

a) Pertain to the maintenance of records that in reasonable detail, accurately and fairly reflect the
transactions and dispositions of the assets of the Company;

b) Provide reasonable assurance that transactions are recorded as necessary to permit preparation
of Financial Statements in accordance with the 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

c) Provide reasonable assurance regarding prevention or timely detection of unauthorised
acquisition, use, or disposition of the assets of the Company that can have a material effect on
the Financial Statements.

Inherent Limitations of Internal Financial Control 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 erior or fraud may occur and not be detected. Also, projections of any evaluation of the
internal financial controls with reference to financial statements 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 dega^of compliance with the
policies or procedures may deteriorate.

Opinion

In our opinion, to the best of our information and according to the explanations given to us, the
Company has, in all material respects, adequate internal financial controls with reference to
financial statements and such internal financial controls were operating effectively as at March 31,
2026, 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 on Audit of Internal Financial Controls Over Financial Reporting issued by the
Institute of Chartered Accountants of India (the "Guidance Note").

For, AUHISHEK KUMAR & ASSOCIATES

Chartered Accountants

Firm Registration Number: 130052W

CA ABHISHEK AGRAWAL
Proprietor

Membership Number: 132305
UDIN: 26132305MKOPHK8441
Date: May 07,2026
Place: Ahmedabad