(As required by Section 26 of Companies Act, 2013 read with Rule 4 of Companies (Prospectus and Allotment of Securities) Rules, 2014)
To,
The Board of Directors Sacheerome Limited
(Formerly known as Sacheerome Private Limited)
Y-4, Okhla Industrial Area, Phase- II New Delhi-110020
Dear Sir/Maam,
1. We have examined the attached Restated Financial Information of Sacheerome Limited (Formerly known as Sacheerome Private Limited) (hereinafter referred as "the Company" or the "Issuer") comprising the Restated Statement of Assets and Liabilities of the Company as at March 31, 2025, March 31, 2024 and March 31, 2023, the Restated Statements of Profit and Loss of the company and the Restated Cash Flow Statement of the company for the years ended March 31, 2025, March 31, 2024 and March 31, 2023, the Summary Statement of Significant Accounting Policies adopted by the company and notes to the restated financial information (collectively hereinafter referred as ("Restated Financial Information"), as approved by the Board of Directors of the Company ("Board of Directors") at their meeting held on May 26, 2025 for the purpose of inclusion in the Red-Herring Prospectus ("RHP")/ Prospectus (collectively referred as the "Offer Documents") prepared and to be filed with the Securities and Exchange Board of India, SME Platform of National Stock Exchange of India Limited ("NSE Emerge") and Registrar of the Company, Delhi and Haryana at Delhi ("ROC") by the Company in connection with its proposed SME Initial Public Offer of equity shares of face value of Rs.10 each ("SME IPO").
2. These restated Summary Information have beenprepared 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"); and
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").
3. The Companys Board of Directors is responsible for the preparation of the Restated Financial Information for the purpose of inclusion in the Offer Documents in connection with the proposed SME IPO. The Restated Financial Information of the company have been extracted and prepared by the management of the Company on the basis of preparation stated in Note 2 to the Restated Financial Information. The Board of Directors of the Company responsibility includes designing, implementing and maintaining adequate internal control relevant to the preparation and presentation of the Res$<G?33qlapaal
Information. The Board of Directors are also responsible for identifying and ensuring that the Company complies with the Act, ICDR Regulations and the Guidance Note.
4. 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 June 01, 2024 and as amended in connection with the proposed IPO of equity shares of the Issuer;
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 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 proposed IPO.
5. This Restated Financial Information have been compiled by the management from Audited Financial Statements of the Company as at and years ended March 31, 2025, March 31, 2024 and March 31, 2023 prepared in accordance with the Indian Accounting Standards ("Indian GAAP") which have been approved by the Board of Directors at their meeting held on May 10, 2025, August 02, 2024 and September 30, 2023 respectively.
6. For the purpose of our examination, we have relied on Auditors Report issued by us dated May 10, 2025, August 02, 2024 and September 05, 2023 on the financial statements of the company as at and for the years ended March 31, 2025, March 31, 2024 and March 31, 2023 respectively, as referred in Paragraph 5 above.
7. Based on the above and according to the information and explanations given to us, we report that 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 statement as at and for the years ended March 31, 2025, March 31, 2024 and March 31 2023 to reflect the same accounting treatment as per the accounting policies and grouping/classifications followed as at and for the year ended March 31, 2025.
b) There were no qualifications in the Audit Reports issued by the Statutory Auditor as at and for the years ended March 31, 2025, March 31, 2024 and March 31, 2023
c) There are no Emphasis of matter paragraphs included in the auditors report on the financial statements of the Company as at and for the years ended March 31, 2025, March 31, 2024>nd March 31, 2023 as applicable and there is no requirement for any corrective adjustment in the Restated Financial Information in this regard;
d) The Restated Summary Information 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 do not reflect the effects of events that occurred subsequent to the respective dates of the reports on the audited financial statements mentioned in paragraph 5 above.
10. In our opinion, the Restated Financial Information, read with summary of Significant Accounting Policies disclosed in Note 2, accompanying this report, are prepared after adjusting and regroupings as considered appropriate and disclosed in Note 52 and have been prepared in accordance with the Act, ICDR Regulations and Guidance Note.
11. This report should not in any way be construed as a reissuance or re-dating of any of the previous audit reports issued by the Auditor, nor should this report be construed as a new opinion on any of the financial statements referred to herein.
12. We have no responsibility to update our report for events and circumstances occurring after the date of the report.
13. Our report is intended solely for use of the Board of Directors for inclusion in the Offer Documents to be filed with Securities and Exchange Board of India ("SEBI"), the relevant stock exchange ("NSE Emerge") and ROC in connection with the proposed SME 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 T R Chadha & Co LLP
Chartered Accountants
Firms Registration No.: 006711N/N500028
Place: Gurugram
Date: 26.05.2025
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248, DP SEBI Reg. No. IN-DP-185-2016
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.