Sikozy Realtors Ltd Directors Report.

The Members

Sikozy Realtors Limited

Report on the Audit of Financial Statements

Opinion

We have audited the accompanying financial statements of Sikozy Realtors Limited (The Company), which comprise the Balance Sheet as at March 31, 2021the Statement of Profit and Loss(Including Other Comprehensive Income), the Cash Flow Statement ,the Statement of Changes in Equity and Notes to theFinancial Statementfor the year then endedincluding a summary of significant accounting policies and other explanatory information(Hereinafter referred to as the " Financial Statement").

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid 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 principles generally accepted in India including Indian Accounting Standards(‘Ind AS) specified under Section 133 of the Act,of the financial position of the Company as at March 31, 2021, and its Profit (including other Comprehensivesincome),its Cash Flows and changes in equity 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 those standards are further described in the Auditors Responsibilities 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 (TCAI)together with the ethical requirements that are relevant to our audit of the Financial Statements under the provisions of the Act and the Rules there-under,and we have fulfilled our ethical responsibilities in accordance with these requirements and the Code of the Ethics.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the Financial Statements.

Key AuditMatters

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.

We have determined that there are no key audit matters to communicate in our report.

Information other than the Financial Statements and Auditors Report thereon

The Companys Board of Directors is responsible for the other information.The Other information comprises the information included in Management Discussion and Analysis, Boards Report including Annexures in the Board Report and Shareholder information, 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 assuranceconclusion thereon.

In connection with our audit of the financial statements ,our responsibility is to read the other information and , in doing so,consider whether the other information is materially inconsistent with the 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 concluded 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.

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

The Companys Board of Director is responsible for the matters stated in Section 134(5) of The Companies Act, 2013("The Act"),with respect to the preparation and presentation of these financial statements that give a true and fair view of the state of affairs (financial position), Profit or Loss (financial performance)(Including Other Comprehensive Income)and changes in the Equity and cash flows of the Company in accordance with the Accounting principles generally accepted in India,including the Ind AS specified under section 133 of the Act read with the Companies (Indian Accounting Standard )Rules 2015,as amended.This responsibility also includes the 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 judgement 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 presentation 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 Company s 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 operation, or has no realistic alternative but to do so.

The Board of Directors of the Companyare also responsible for overseeing the financial reporting processof the Company.

Auditors Responsibilities for the Audit of theInd AS Financial Statements

Our objectives are to obtain reasonable assurance about whether the Financialstatements as whole are free from material misstatement,whether due to fraud or errors 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 Standards on Auditing will always detect a material misstatement when it exists.Misstatements can arise from fraud or errors 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 financial statements.

As part of an audit in accordance with Standards on Auditing,we exercise professionaljudgment,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 errors, 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 erroras; fraud may involvecollusion,forgery,intentional omissions, misrepresentations,or the override of internal control.

• Obtain an understanding of the internal controls 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 explaining 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 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 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 upto the date of audit report.However future conditions or events 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.

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 deficiency 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 safeguard.

From the matters communicated with those charged with governance, we determine those matters that were of most significance in audit of 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 about public disclosures about the matters or when ,in extremely rare circumstances ,we determine that a matter should not be communicated in our report because the adverse consequences of doing so would 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,2016 (The ‘Order) issued by the Central Government of India in terms of Section 143(11) of the Act , we give in the Annexure A,a statement on the matters specified in paragraphs 3 and 4 of the Order.\

2. Further to our comment in Annexure ‘A 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 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 it appears from our examination of those books.

c. The financial statementsdealt with by this report are in agreement with the books of account.

d. In our opinion,the aforesaid Financial Statement comply with the IndAS specified under section 133 of the Act,read with Companies (Indian Accounting Standards) Rules,2015 as amended.

e. On the basis of written representation received from the directors, and taken on record by the Board of Directors, none of the directors is disqualified as on March 31, 2021, from being appointed as a director in terms of Section 164(2) of the Act.

f. We have also audited the internal financial controls over financial reporting (IFCoFR) of the Company as on 31st March 2021in conjunction with our audit of the

financial statements of the Company for the year ended on that date and our report as per Annexure B expressed an unmodified opinion;

g. 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 explanation given to us:

i. The Company does not have any pending litigation as at 31st March,2021which would impact its financial position.

ii. The Company did not have any long term contracts including derivative contracts as at 31st March 2021.

iii. There has been no delay in transferring amounts to the Investor Education and Protection Fund by the Company during the year ended on 31st March 2021.

FOR BKG & ASSOCIATES
CHARTERED ACCOUNTANTS
Firm Reg. No.: 114852W
Place: Mumbai CA. B.K. Gupta
Date :28-05-2021 ( Partner)
M. No.: 040889
UDIN:21040889AAAAGT9873

Annexure A to the Independent Auditors Report

(Referred to in paragraph 1 under "Report on Other Legal and Regulatory Requirements"

Of our report to the Members of SikozyRealtors Limited (‘the Company") for the year ended March 31st, 2021.

1. In respect of its Fixed Assets:

i. The company is maintaining proper records showing full particulars, including

quantitative details and situation of fixed assets;

ii. As explained to us,all the fixed assets have been physically verified by the

management during the year and no material discrepancies were identified on such verification.The frequency of physical verification is reasonable having regard to the size of the Company and nature of its business.

iii. As the company does not have any immovable properties, Clause (i)(c) of the

Paragraph 3 of the Order is not applicable to the Company.

2. In our opinion, the management has conducted physical verification of inventoryat reasonable intervals during the year. As per the information given no material discrepancies were noticed on such verification.

3. According to the Information and explanations given to us, The Company has not granted any loans to bodies corporate covered in the register maintained under section 189 of the Companies Act, 2013 (the Act) hence clause 3(iii) is not applicable.

4. In our opinion and according to the information and explanation given to us in respect of Loans, investment, guarantees and securities the provisions of section 185 and 186 of the Companies Act 2013 have been complied with.

5. The company has not accepted any deposits from the public within the meaning of sections 73 to 76 of the Act and The Companies (Acceptance of Deposits)Rules,2014(as amended).Accordingly, the provisions of clause3(v) of the Order are not applicable.

6. The Central Government of India has not prescribed the maintenance of cost records under sub-section 1 of section 148 of the Companies Act.

7.

a) According to the information and explanations given to us and records of the company examined by us The company has generally beenregular in depositing liability towards undisputed statutory dues including Provident Fund, Employees State Insurance,Income tax,Sales Tax, Service Tax, Duty of Custom, Duty of Excise, Value added Tax, GST ,cess and other material statutory dues,as applicable,with the appropriate authorities.According to the information and explanations given to us and records of the company examined by us there are no dues of income tax or wealth tax or service tax or duty of customs or duty of excise or value added tax,GST or cess which were

in arrears as at 31-03-2021for a period of more than six months from the day they become payable.

b) According to the information and explanations given to us ,there are no dues of duty of customs,goods and service tax and Income tax which have not been deposited with the appropriate authorities on account of dispute except the following

(i)Income Tax Demand u/s 271(1)(c) Rs 210720

(ii) Income tax Demand u/s 222Rs.6160

(iii) Income Tax Demand 2010-11 143 (1)(a) Rs 387940

8. The Company does not have anyloans or borrowings from any Banks,Financial Institutions,Government and debenture holders during the year and accordingly the clause is not applicable to the Company.

9. The Company has not raised any money by way of initial public offer or further public offer (including debt instruments) and term loans during the year. Accordingly provisions of Clause 3(ix) of the Order are not applicable to the Company.

10. No fraud by the Company or on the Company by its officers or employees has been noticed or reported during the period covered by our audit.

11. As required by Section 197(16) of the Act ,we report that the company has paid remuneration to its directors during the year in accordance with the provisions of and limits laid down under Section 197 read with Schedule V to the Act.

12. The Company is not a NidhiCompany. Hence reporting under clause (xii)of the CARO 2016 Order is not applicable.

13. In our opinion all the transactions with the related parties are in compliance with section 177 and 188 of the Act, wherever applicable,and the requisite details have been disclosed in the financial statementetc.as required by the Ind. AS ( Refer Note 20 to financial statements).

14. The Company has not made any Preferential /private placement of shares or private placement of fully or partly convertible debentures during the year under review.Accordingly provisions of clause 3(ivx)of the order are not applicable.

15. In our opinion,The Company has not entered into any non-cash transactions with the directors or persons connected with them covered under section 192 of the Act.

16. The Company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934.

FOR BKG & ASSOCIATES
CHARTERED ACCOUNTANTS
Firm Reg. No.: 114852W
Place: Mumbai CA. B.K. Gupta
Date28-05 2021 (Partner)
M. No.: 040889
UDIN:21040889AAAAGT9873

ANNEXURE "B" TO THE INDEPENDENT AUDITORS REPORT of even date to the Members of Sikozy Realtors Limited on the Financial statement for the year ended 31st March, 2021

Independent Auditors report on the Internal Financial Controls under clause(i)of Subsection 3 of Section 143 of The Companies Act,2013 (The" Act")

In conjunction with our audit of financial Statements of SikozyRealtors Ltd(The Company)as at and for the year ended on March 31,2021,we have audited the internal financial Controls over financial reporting (IFCoFR)of the Company as of that date.

Managements Responsibility for Internal Financial Controls

The Companys Management is responsible for establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the Company considering the essential components of the 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(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 companys policies, 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 Act

Auditors Responsibility

Our responsibility is to express an opinion on the Companys internal financial controls over financial reporting (IFCoFR)based on our audit. We conducted our audit in accordance with the Standards on auditing ,issued by the ICAI and deemed to be prescribed under section 143(10) of the Act , to the extent applicable to an audit of IFCoFR and Guidance Note issued by ICAI . 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 IFCoFR were 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 theIFCoFR and their operating effectiveness. Our audit of IFCoFRincluded obtaining an understanding of IFCoFR, 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 judgment, 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 Companys IFCoFR.

Meaning of Internal Financial Controls Over FinancialReporting

A companys IFCoFR is a process designed to provide reasonableassurance regarding the reliability of financial reportingand the preparation of financial statements for externalpurposes in accordance with the Generally AcceptedAccounting Principles. A companys IFCoFR includes those policiesand procedures that:(i) pertain to the maintenance of records that, inreasonable details, accurately and fairly reflect thetransaction and dispositions of the assets of thecompany;(ii) Provide reasonable assurance that transactions arerecorded as necessary to permit preparation offinancial statements in accordance with the generallyaccepted accounting principles, and that receipts andexpenditures of the company are being made only inaccordance with authorizations of management anddirectors of the company; and(iii) Provide reasonable assurance regarding prevention ortimely detection of unauthorized acquisition, use, ordispositions of the companys assets that could have amaterial effect on the financial statements.

Inherent Limitations of Internal Financial Controls Over Financial Reporting

Because of the inherent limitations of IFCoFR, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of theIFCoFRto future periods are subject to the risk that the IFCoFR may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Opinion

In our opinion,the Company has, in all material respects, adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively asat 31st March 2021, based on the internal control over financial reporting criteria established by theCompany considering the essential components of internal control stated inthe Guidance Note issued by the ICAI.

FOR BKG & ASSOCIATES
CHARTERED ACCOUNTANTS
Firm Reg. No.: 114852W
Place: Mumbai CA. B.K. Gupta
Date:28-05-2021 (Partner)
M. No.: 040889
UDIN: 21040889AAAAGT9873