Rentomojo Ltd Auditor Reports

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Oct 22, 2026|03:58:18 PM

Rentomojo Ltd Share Price Auditors Report

The Board of Directors Rentomojo Limited (formerly known as Rentomojo Private Limited and Edunetwork Private Limited)

Dear Sirs,

1. We have examined, as appropriate (refer paragraph 5 and 6 below), the attached Restated Financial Information of Rentomojo Limited (formerly known as Rentomojo Private Limited and Edunetwork Private Limited) (the "Company" or the "Issuer") and its subsidiary (the Company and its subsidiary collectively referred to as the "Group"), comprising the Restated Consolidated Statement of Assets and Liabilities as at 31 March 2026 and as at 31 March 2025 and Restated Statement of Assets and Liabilities as at 31 March 2024, the Restated Consolidated Statements of Profit and Loss (including other comprehensive income/loss), the Restated Consolidated Statements of Changes in Equity, the Restated Consolidated Statements of Cash Flows for the for the years ended 31 March 2026 and 31 March 2025 and the Restated Statement of Profit and Loss (including other comprehensive income), the Restated Statement of Changes in Equity, the Restated Statement of Cash Flows for the year ended 31 March 2024, the Summary Statement of Material Accounting Policies, and other explanatory information in which are incorporated the financial information of the trust as at and for the years ended 31 March 2026, 2025 and 2024 (collectively, the "Restated Financial Information"), as approved by the Board of Directors of the Company at their meeting held on 21 August 2026 for the purpose of inclusion in the

Red Herring Prospectus ("RHP") and Prospectus (collectively, the "Offer Documents") prepared by the Company in connection with its proposed initial public offer of equity shares ("IPO") prepared in terms of the requirements of:

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

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

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

2. The Companys management is responsible for the preparation of the Restated Financial Information which have been approved by the Board of Directors for the purpose of inclusion in the Offer Documents to be filed with Securities and Exchange Board of India ("SEBI"), Registrar of Companies (ROC), Karnataka at Bengaluru, BSE Limited and National Stock Exchange of India Limited (collectively, with BSE Limited the "Stock Exchanges") in connection with the proposed IPO. The Restated Financial Information have been prepared by the management of the Company on the basis of preparation stated in Note 2A to the Restated Financial Information. The respective Board of Directors of the companies included in the Group are responsible for designing, implementing and maintaining adequate internal control relevant to the preparation and presentation of the respective restated financial information which have been used for the purpose of preparation of these Restated Financial Information by the management of the Company, as aforesaid. 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 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 12 January 2026 in connection with the proposed IPO of equity shares of the Issuer;

b) The Guidance Note. 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 Financial Information; and

d) The requirements of Section 26 of the Act and the ICDR Regulations. 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 IPO.

4. These Restated Financial Information have been compiled by the management from:

a) the audited consolidated Ind AS financial statements of the Group as at and for the years ended 31 March 2026 and 2025 prepared in accordance with the Indian

Accounting Standards (referred to as "Ind AS") as prescribed under Section 133 of the

Act, as amended, and other accounting principles generally accepted in India, which have been approved by the Board of Directors at their meetings held on 21 August 2026 and 24 September 2025 respectively.

b) the audited comparative information as at and for the year ended 31 March 2024 included in audited standalone Ind AS financial statements of the Company as at and for the year ended 31 March 2025 have been prepared by making Ind AS adjustments to the audited financial statements of the Company as at and for the year ended 31 March 2024, prepared in accordance with the accounting standards notified under the Section 133 of the Act ("Indian GAAP") which was approved by the Board of directors at their meeting held on 19 September 2024.

5. For the purpose of our examination, we have relied on:

a) Auditors Report issued by us dated 21 August 2026 and 24 September 2025 on the consolidated Ind AS financial statements of the Group as at and for the years ended 31 March 2026 and 2025 as referred in paragraph 4(a) above, and

b) Auditors Report issued by us dated 24 September 2025 on the standalone Ind AS financial statements of the Company as at and for the year ended 31 March 2025 as referred in Paragraph 4(b) above.

6. As indicated in our audit reports referred above:

a) we did not audit the financial statements of the trust whose share of total assets, total revenues and net cash inflows / (outflows) included in the consolidated financial statements, for the years tabulated below, which have been audited by other auditor and whose reports have been furnished to us by the Companys management and our opinion on the Ind AS consolidated financial statements, in so far as it relates to the amounts and disclosures included in respect of this trust, is based solely on the reports of the other auditor:

(Rs. in million)

Particulars As at/ for the year ended 31 March 2026 As at/ for the year ended 31 March 2025 As at/ for the year ended 31 March 2024
Total assets 45.89 45.60 45.94
Total revenue Nil Nil Nil
Net cash inflows/ (outflows) 0.29 (0.34) 0.93

b) we did not audit the financial statements of the subsidiary whose share of total assets, total revenues and net cash inflows / (outflows) included in the consolidated financial statements, for the years tabulated below, which has been audited by other auditor and whose reports have been furnished to us by the Companys management and our opinion on the Ind AS consolidated financial statements, in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on the reports of the other auditor:

(Rs. in million)

Particulars As at/ for the year ended 31 March 2026 As at/ for the year ended 31 March 2025
Total assets 0.03 0.10
Total revenue Nil Nil
Net cash (outflows) / inflows (0.07) 0.10

The other auditor of the subsidiary has examined the restated financial information and has confirmed that the restated financial information:

a) have been prepared after incorporating adjustments for the changes in accounting policies, material errors and regrouping/reclassifications retrospectively in the financial year ended 31 March 2025 to reflect the same accounting treatment as per the accounting policies and grouping/classifications followed as at and for the year ended 31 March 2026, as applicable;

b) do not require any adjustment for modification as there is no modification in the underlying audit reports; and

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

7. Based on our examination and according to the information and explanations given to us and also as per the reliance placed on the examination report submitted by the other auditor for the respective year as per paragraph 6 above, we report that the Restated Financial Information:

a) have been prepared after incorporating adjustments for the changes in accounting policies, material errors and regrouping/reclassifications retrospectively in the financial years ended 31 March 2025 and 2024 to reflect the same accounting treatment as per the accounting policies and grouping/classifications followed as at and for the year ended 31 March 2026, as applicable; b) do not require any adjustment for modification as there is no modification in the underlying audit reports; and

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

8. We have complied with the relevant applicable requirements of the Standard on Quality Control (SQC) 1, Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements.

9. The Restated Financial Information does not reflect the effects of events that occurred subsequent to the respective dates of the reports on the audited Ind AS consolidated financial statements/audited Indian GAAP financial statements mentioned in paragraph 4 above.

10. 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.

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

12. Our report is intended solely for use of the Board of Directors for inclusion in the Offer

Documents to be filed with SEBI, ROC and the Stock Exchanges, 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.

For Deloitte Haskins & Sells LLP
Chartered Accountants
Firm Registration Number: 117366W/W-100018
Madhavi Kalva
Partner
Membership Number:213550
UDIN:26213550XRWXQR7287
Place: Bengaluru
Date: 21 August 2026

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