Simplex Infrastructures Ltd Auditor Reports

To

The Members of Simplex Infrastructures Limited

Report on the Audit of Standalone Financial Statements

Opinion

We have audited the accompanying Standalone Financial Statements of Simplex Infrastructures

Limited (the "Company"), which comprise the Balance Sheet as at March 31, 2026, the Statement of Profit and Loss (including Other Comprehensive Income), the Statement of Changes in Equity and the Statement of Cash Flows for the year ended on that date, and notes to the Standalone Financial Statements including a summary of the significant accounting policies and other explanatory information which includes 13 (Thirteen) joint operations (hereinafter referred to as "Standalone Financial Statements").

In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditors on separate financial statements and on the other financial information of the joint operations, the aforesaid Standalone Financial Statements give the information required by the Companies Act, 2013, as amended (the "Act") in the manner so required and give a true and fair view in conformity with the Indian Accounting Standards prescribed under section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015, as amended, ("Ind AS") and other accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2026, and its profit (including Other Comprehensive Income), changes in equity and its cash flows for the year ended on the date.

Basis for Opinion

We conducted our audit of the Standalone Financial Statements in accordance with the Standards on Auditing (SAs), as 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 Standalone 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 together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules made there under, 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 audit opinion on the Standalone Financial Statements.

Key Audit Matters

Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the Standalone Financial Statements for the financial year ended March 31, 2026. These matters were addressed in the context of our audit of the Standalone Financial Statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. We have determined the matters described below to be the key audit matters to be communicated in our report. For each matter below, our description of how our audit addresses the matter is provided in that context.

We have fulfilled the responsibilities described in the Auditors responsibilities for the audit of the Standalone Financial Statements section of our report, including in relation to these matters. Accordingly, our audit included the performance of procedure designed to response to our assessment of the risks of material misstatement of the Standalone Financial Statements. The results of our audit procedures, including the procedures performed to address the matters below, provide the basis for our audit opinion on the accompanying Standalone Financial Statements.

Sr. No. Key Audit Matter	Auditors Response
Assessment of going concern basis of accounting
1 The Company has reported net profit of H3,772 Lacs (PY Profit H963 Lacs) during the year ended 31st March, 2026 and as of that date has accumulated losses aggregating H1,11,835 Lacs (PY Loss H1,15,533 Lacs) resulting improvement of its operation. While the above factors indicate doubt on the Companys ability to continue as a going concern, the Company has taken into consideration the following mitigating factors in its assessment for going concern basis of accounting in preparation of the accompanying Standalone Financial Statements:	Our audit procedures included but were not limited to, the following in relation to assessment of appropriateness of going concern basis of accounting:
	• Obtained an understanding of the process followed by management for identifying events or conditions that could impact the Companys ability to continue as a going concern and process followed to assess the corresponding mitigating factors existing against such events or conditions. Also, obtained an understanding around the methodology adopted by the Company to assess their future business performance of a cash flow forecast for the business;
• The Company has entered into a Master Restructuring Agreement ("MRA") with NARCL towards restructuring of its debt and matters incidental thereto.
	• Evaluated the design and tested the operating effectiveness of key controls relating to managements assessment of going concern as above;
• Time bound monetization of certain non-core assets; and
	• Assessed the appropriateness and adequacy of the disclosures made by the management in respect of going concern in accordance with the applicable accounting standards.
• One Time Settlement (OTS) with the remaining one non-assigned lenders.
We have considered the assessment of managements evaluation of going concern basis of accounting as a key audit matter due to the positive networth impact thereof on the Standalone Financial Statements and the significant judgements and assumptions that are inherently subjective and dependent on future events, involved in preparation of cash flow projections and determination of the overall conclusion by the management.
Correctness of Project Revenue recognition - Construction Contracts (as described in Note 1.14(i) and 32(i) of the Standalone Financial Statements)
2 Revenue from construction contracts is recognised over a period of time in accordance with the requirements of Ind AS 115, Revenue from Contracts with Customers.	Our procedures included:
	• Testing of the design and implementation of controls involved for the determination of the estimates used as well as their operating effectiveness;
Revenue recognition involves usage of percentage of completion method which is determined based on proportion of contract costs incurred to date compared to estimated total contract costs, which involves significant judgements, reliable estimation of total project cost, identification of contractual obligations in respect of Companys right to receive payments for performance completed till date, estimation of period of recovery of receivables, changes in scope and consequential revised contract price and recognition of the liability for loss making contracts/onerous obligations.
	• Testing the relevant information technology systems access and change management controls relating to contracts and related information used in recording and disclosing revenue in accordance with the new revenue accounting standard;
	• Testing a sample of contracts for appropriate identification of performance obligations;
	• For the sample selected, reviewing for amendments of orders and the impact on the estimated costs to complete;
Project Revenue recognition is significant to the financial statements based on the quantitative materiality and the degree of management judgement required to apply the percentage of completion method. Management has also considered this area to be a key accounting estimate as disclosed in the critical estimates and judgements Note 1A to the Standalone Financial Statements. We therefore determined this to be a key audit matter.	• Performed analytical procedures for reasonableness of revenues disclosed by type and service offerings.
Sr. No. Key Audit Matter	Auditors Response
Unbilled Revenue balance, Trade Receivables and Retention Money relating to construction contracts of the Company (as described in Note 7(b) and Note 9 of the Standalone Financial Statements)
3 Unbilled Revenue balance, Trade Receivables and Retention Money of the Company aggregates H1,60,161 Lacs (PY H2,06,687 Lacs) as at March 31, 2026.	As part of our audit procedures:
	• Testing of the design and implementation of controls involving managements assessment of recoverability of Unbilled Revenue balance, subsequent billing to client, Trade Receivables and Retention Money relating to construction contracts.
The recoverability of above balances is a key element of the Companys working capital management. In assessing the recoverability of the aforesaid balances, managements judgement involves consideration of status of the project, the likelihood of collection based on the terms of the contract and evaluation of litigations, if any.
	• We performed test of details and tested relevant contracts and documents on the basis of materiality for Unbilled Revenue balance subsequent billing to client, Trade Receivables and Retention Money balances.
We considered this as key audit matter due to the materiality of the amounts and significant estimates and judgements as stated above.
	• We also carried out additional test procedures, in respect of long outstanding balances, i.e. tested subsequent documents with customers with respect to recoverability of the same.
	• We tested contracts to determine the provisioning requirement for loss making contracts/onerous obligations, on an overall basis if any.
Pending litigations (as described in Note 34 of the Standalone Financial Statements)
4 Number of claims and litigations including arbitrations, mainly with customers and tax authorities are going on. The assessment of the likely outcome of these matters is judgemental due to the uncertainty inherent in their nature.	Principal Audit Procedures:
	Our audit approach was a combination of test of internal controls and substantive procedures including:
	• Assessing the appropriateness of the design and implementation of the Companys controls over the assessment of litigations and completeness of disclosures. Supporting documentations are tested to assess the status of Arbitration/legal proceedings with reference to related counselors views for likely outcome of these matters.
This area is of significant importance to our audit, since the accounting and disclosure of claims and litigations are complex in nature from case to case basis and judgemental, and the amounts involved are, or may be, material to the Standalone Financial Statements.

Information Other than the Standalone 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 the Annual Report, but does not include the Standalone Ind AS Financial Statements and our auditors report thereon.

Our opinion on the Standalone Ind AS 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 Ind AS Financial Statement, 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 during the course of our Audit 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 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 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 including Other Comprehensive Income, changes in 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. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgements 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 Standalone Financial Statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Standalone Financial Statements, the Board of Directors are 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 the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

The 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 are to obtain reasonable assurance about whether the Standalone 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 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 judgement and maintain professional skepticism throughout the audit. We also:

• Identify and assess the risks ofmaterial 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 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 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 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 the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the Standalone Financial Statements, including the 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 aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Standalone 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 Standalone 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 Standalone 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 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.

Other Matters

a) We did not audit the financial statement and other financial information, in respect of 10 joint

operations whose annual financial statements and other financial information reflects total assets of H7,062 Lacs as at March 31, 2026 and total revenues of H489 Lacs, total profit/(loss) after tax of H308 Lacs and total comprehensive income/(loss) of H308 Lacs for the year ended on that date and net cash inflows of H69 Lacs for the year ended March 31, 2026 as considered in the financial statements which have been audited by the other auditors.

The financial information of 10 joint operations have been audited by the other auditor. The reports of such auditors on annual financial statements and other financial information of the said joint operations have been furnished to us and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of the said joint operations, is based on the reports of such other auditors and the procedures we have performed to obtain sufficient appropriate audit evidence, that the work of the other auditor is adequate.

Our opinion on the Statement is not modified in respect of above matter with respect to our reliance on the work done by the other auditor and report thereon.

b) We have audited the annual financial statement and other financial information, in respect of 3 joint operations whose annual financial statements and other financial information reflects total assets of H675 Lacs as at March 31, 2026 and total revenues of H10 Lacs, total profit/(loss) after tax of H4 Lacs and total comprehensive income/(loss) of H4 Lacs for the year ended on that date and net cash inflows of H161 Lacs for the year ended March 31, 2026 as considered in the financial statements.

c) We draw attention to the following notes to the statement-

(i) Note 11(D) of the Standalone Financial Statements regarding the Company entering into a Master Restructuring Agreement ("MRA") with NARCL towards restructuring of its debt and matters incidental thereto, including accompanying aspects thereof.

(ii) Note 36 of the Standalone Financial Statements regarding exceptional items.

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 Section 143(11) of the Act based on our audit and on the consideration of report of the other auditor on separate financial statement and the other financial information of joint operations, as noted in the "Other Matters" paragraph, we give in "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 accounts as required by law have been kept by the Company so far as it appears from our examination of those books;

c) The Balance Sheet, the Statement of Profit and Loss including Other Comprehensive Income, Statement of Changes in Equity and the Statement of Cash Flow dealt with by this Report are in agreement with the relevant books of account;

d) In our opinion, the aforesaid Standalone Ind AS Financial Statements comply with the Accounting Standards specified under Section 133 of the Act, read with Companies (Indian Accounting Standards) Rules, 2015, as amended;

e) On the basis of the written representations received from the directors as on March 31, 2026 taken on record by the Board of Directors, none of the directors is disqualified as on March 31, 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 these Standalone Ind AS Financial Statements and the operating effectiveness of such controls, refer to our separate Report in "Annexure B" to this report;

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, as amended, in our opinion and to the best of our knowledge & belief and according to the explanations given to us:

i. The Company has disclosed the impact of pending litigations on its financial position in its Standalone Financial Statements- [Refer Note No.34 to the accompanying Standalone Financial Statements].

ii. The Company has made provision as required under applicable law or accounting standards for material foreseeable losses. The Company did not have any long-term derivative contracts.

iii. There has been no delay in transferring amounts which were required to be transferred to the Investors Education and Protection Fund by the Company.

iv. a. The management has represented

that, to the best of its knowledge and belief, no funds have been advanced or loan given 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 persons or entities, including foreign entities ("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 to or on behalf of the Ultimate Beneficiaries.

b. The management has represented, that, to the best of its knowledge and belief, no funds have been received by the Company from any persons or entities, including foreign entities ("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 Beneficiaries") or

• provide any guarantee, security or the like from or on behalf of the Ultimate Beneficiaries; and

c. Based on such audit procedures

performed 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 (a) and (b) contain any material misstatement.

v. The Company has not declared any dividend during the year.

vi. Based on our examination which includes test checks, the Company has used accounting software for maintaining its books of account for the financial year ended March 31,2026 which has a feature of recording audit trail (edit log) facility and the same has operated effectively throughout the year for all relevant transactions recorded in the software. Further, during the course of our audit we did not come across any instance of audit trail feature being tampered with. Additionally, the audit trail has been preserved by the Company as per the statutory requirements for record retention.

3) In our opinion, the management remuneration for the year ended March 31, 2026 has been paid/ provided by the Company to its directors in accordance with the provisions of section 197 read with Schedule V to the Act:

	For Binayak Dey & Co. Chartered Accountants
	(FRN: 328896E)
	Binayak Dey
	(Proprietor)
Place: Kolkata	Membership No: 062177
Date: 28th May, 2026	(UDIN:26062177FUPXCE2982)

ANNEXURE A

TO THE INDEPENDENT AUDITORS REPORT

{Referred to in Paragraph (1) of "Report on Other Legal and Regulatory Requirements" section of our Independent Auditors Report}

I. In respect of the Companys property, plant and equipment, right-of-use assets and intangible assets:

(a) (A) The Company has maintained proper records showing full particulars, including quantitative details and situations of Property, Plant and Equipment.

(B) The Company has maintained proper records showing full particulars of intangible assets.

(b) As per the information and explanations provided by the management and on the basis of our examination of the records of the Company, there is a programme of physical verification of all the Property, Plant and

Equipment ("PPE") of the Company under which the assets are physically verified in a phased manner over a period of 3 years, which in our opinion, is reasonable having regard to the size of the Company and the nature of its assets.

(c) According to the information and explanations given to us, the records examined by us and based on the Title deeds provided to us, we report that, the title deeds, comprising all the immovable properties (including leased assets where the Company is a lessee) of land and building, are held in the name of the Company as on the balance sheet date except for the following where the title deeds are not in the name of the Company:

Relevant line item in the Balance sheet	Description of Property	Gross Carrying Value (D in Lacs)	Held in the name of	Whether promoter, director or their relative or employee	Property held - indicate range, where appropriate	Reason for not being held in name of Company
Property, Plant and Equipment	Flat Nos. 207 in Vaikunth Building, 82-83 Nehru Place, Delhi	2	Shri K. L. Bhatia		1984	Purchase agreement and Mutation is endorsed in the name of the Company. Municipal taxes are paid by the Company.
Property, Plant and Equipment	Flat Nos. 209 in Vaikunth Building, 82-83 Nehru Place, Delhi	2	Mrs. Sunita Bhan		1992	Purchase agreement and Mutation is endorsed in the name of the Company. Municipal taxes are paid by the Company.
Property, Plant and Equipment	Flat No. 204 Vaikunth Nehru Place	5	Shri Bhuvan Chawla		1997	Purchase agreement and Mutation is endorsed in the name of the Company. Municipal taxes are paid by the Company.
Property, Plant and Equipment	Flat at Sector-29, Vashi, Navi, Mumbai	5	Amitabh Das Mundhra		2000	Flat being acquired in a cooperative society was required to be registered in the name of a non-corporate.

(d) 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 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 and on the basis of our examination of the records of the Company, there are no proceedings initiated or pending against the Company for holding any benami property under the Prohibition of Benami Property Transactions Act, 1988 and rules made there under.

II. (a) As informed, the inventories of the Company

have been physically verified by the management during the year. In our opinion and according to the information and explanations given to us, the frequency of such verification is reasonable and procedures and coverage as followed by management were appropriate. No discrepancies were noticed on verification between the physical stocks and the book records that were 10% or more in the aggregate for each class of inventory. Minor discrepancies noticed during physical verification were properly dealt within the books of account.

(b) As disclosed in Note 37 to the Standalone Ind AS Financial Statements, the Company has been sanctioned working capital in excess of H5 crores in aggregate from banks during the year on the basis of security of inventories of the Company. Based on the records examined by us in the normal course of audit of the financial statements, the quarterly returns/ statements filed by the Company with such banks are in agreement with the books of accounts of the Company.

III. 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 made any investments in subsidiaries and provided guarantee or security which are characterized as loans secured or unsecured to LLPs, firms or companies or any other person during the year. Accordingly, provisions of clause 3(iii)(a), 3(iii)(b), 3(iii)(c), 3(iii)(d), 3(iii)(e) and 3(iii)(f) of the Order are not applicable to the Company.

IV. In our opinion and according to information and explanations given to us the Company has, in respect of loans, investments, guarantees, and security, complied with the provisions of section 185 and 186 of the Act.

V. The Company has not accepted any deposits or amounts which are deemed to be deposits from the public within the meaning of sections 73 to 76 or any other relevant provisions of the Act. In respect of overdue earnest money deposits and security deposits, Management is of the view that overdue earnest money deposits and security deposits of suppliers/contractors appearing in the books are in the nature of retention money for performance of contracts for supply of goods and services and accordingly, not to be treated as deemed deposits by virtue of amendment in rule 2, sub rule (1), clause (c) of the Companies (Acceptance of Deposits) Amendment Rules 2016.

VI. We have broadly reviewed the books of account maintained by the Company pursuant to the rules made by the Central Government for the maintenance of cost records under section 148(i) of the Companies Act, 2013, related to its product/ services, and are of the opinion that prima facie, the specified accounts and records have been made and maintained. We have not, however, made a detailed examination of the same.

VII. In respect of statutory dues:

(a) Based on the information and explanations given to us and according to the records maintained by the Company, in our opinion, there is delays in depositing dues in respect of Provident Fund, Pension Fund and Professional Tax during the year, the Company is generally regular in depositing with appropriate authorities undisputed statutory dues including Goods and Service Tax, Cess, Value Added Tax and other material statutory dues applicable to it.

According to the information and explanations given to us, the extent of the arrears of statutory dues outstanding as at March 31, 2026 for a period of more than six months from the date they became payable are as follows:

Statement of Arrears of Statutory Dues outstanding for more than Six months

Name of the Statute	Nature of Dues	Amounts (D In Lacs)	Period to which amount relates	Due Date	Remarks
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	1.11	Jun-20	15-Jul-20
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	1.44	Jul-20	15-Aug-20
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.82	Aug-20	15-Sep-20
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.78	Sep-20	15-Oct-20
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.80	Oct-20	15-Nov-20
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.79	Nov-20	15-Dec-20
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.70	Dec-20	15-Jan-21
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.72	Jan-21	15-Feb-21
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.60	Feb-21	15-Mar-21
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.49	Mar-21	15-Apr-21
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	1.22	Apr-21	15-May-21
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.78	May-21	15-Jun-21
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.58	Jun-21	15-Jul-21
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.55	Jul-21	15-Aug-21
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.55	Aug-21	15-Sep-21
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.56	Sep-21	15-Oct-21
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.57	Oct-21	15-Nov-21
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.58	Nov-21	15-Dec-21
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.62	Dec-21	15-Jan-22
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	1.99	Jan-22	15-Feb-22
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	1.87	Feb-22	15-Mar-22
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.55	Mar-22	15-Apr-22

Name of the Statute

	Nature of Dues	Amounts (D In Lacs)	Period to which amount relates	Due Date	Remarks
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.47	Apr-22	15-May-22
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	1.10	May-22	15-Jun-22
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	1.20	Jun-22	15-Jul-22
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	1.15	Jul-22	15-Aug-22
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.50	Aug-22	15-Sep-22
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	1.05	Sep-22	15-Oct-22
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	1.04	Oct-22	15-Nov-22
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.50	Nov-22	15-Dec-22
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.50	Dec-22	15-Jan-23
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.66	Jan-23	15-Feb-23
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.62	Feb-23	15-Mar-23
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	2.67	Mar-23	15-Apr-23
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.50	Apr-23	15-May-23
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.50	May-23	15-Jun-23
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	1.25	Jun-23	15-Jul-23
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	1.23	Jul-23	15-Aug-23
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	1.22	Aug-23	15-Sep-23
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	1.22	Sep-23	15-Oct-23
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.91	Oct-23	15-Nov-23
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.87	Nov-23	15-Dec-23
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.81	Dec-23	15-Jan-24
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	1.60	Jan-24	15-Feb-24
Name of the Statute	Nature of Dues	Amounts (D In Lacs)	Period to which amount relates	Due Date	Remarks
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	1.50	Feb-24	15-Mar-24
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	1.26	Mar-24	15-Apr-24
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.73	Apr-24	15-May-24
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.75	May-24	15-Jun-24
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	1.05	Jun-24	15-Jul-24
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.56	Jul-24	15-Aug-24
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.53	Aug-24	15-Sep-24
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.28	Sep-24	15-Oct-24
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.28	Oct-24	15-Nov-24
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	0.29	Nov-24	15-Dec-24
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	1.25	Jun-25	15-Jul-25
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	1.15	Jul-25	15-Aug-25
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	1.14	Aug-25	15-Sep-25
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Provident Fund	1.14	Sep-25	15-Oct-25
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Employees Provident Fund	12.75	Jul-25	15-Aug-25	H12.75 Lacs paid within 18/04/2026
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Employees Provident Fund	24.53	Aug-25	15-Sep-25	H24.53 Lacs paid within 22/05/2026
The Employees Provident Fund & Miscellaneous Provision Act ,1952	Employees Provident Fund	30.47	Sep-25	15-Oct-25	H19.98 Lacs paid within 27/05/2026
The Pension Fund Regulatory and Development Authority Act, 2013	Pension Fund	0.13	May-25	15-Jun-25
The Pension Fund Regulatory and Development Authority Act, 2013	Pension Fund	0.42	Jun-25	15-Jul-25
The Pension Fund Regulatory and Development Authority Act, 2013	Pension Fund	0.15	Jul-25	15-Aug-25
The Pension Fund Regulatory and Development Authority Act, 2013	Pension Fund	4.46	Aug-25	15-Sep-25	H4.25 lacs paid within 30/04/2026
The Pension Fund Regulatory and Development Authority Act, 2013	Pension Fund	0.47	Sep-25	15-Oct-25

Name of the Statute

	Nature of Dues	Amounts (D In Lacs)	Period to which amount relates	Due Date	Remarks
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.29	Apr-20	21-May-20
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.31	May-20	21-Jun-20
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.31	Jun-20	21-Jul-20
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.26	Jul-20	21-Aug-20
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.27	Aug-20	21-Sep-20
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.25	Sep-20	21-Oct-20
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.24	Oct-20	21-Nov-20
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.25	Nov-20	21-Dec-20
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.25	Dec-20	21-Jan-21
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.25	Jan-21	21-Feb-21
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.35	>Feb-21	21-Mar-21
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.22	Mar-21	21-Apr-21
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.23	Apr-21	21-May-21
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.21	May-21	21-Jun-21
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.20	Jun-21	21-Jul-21
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.20	Jul-21	21-Aug-21

Name of the Statute

	Nature of Dues	Amounts (D In Lacs)	Period to which amount relates	Due Date	Remarks
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.19	Aug-21	21-Sep-21
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.19	Sep-21	21-Oct-21
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.19	Oct-21	21-Nov-21
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.18	Nov-21	21-Dec-21
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.18	Dec-21	21-Jan-22
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.18	Jan-22	21-Feb-22
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.24	Feb-22	21-Mar-22
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.15	Mar-22	21-Apr-22
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.16	Apr-22	21-May-22
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.15	May-22	21-Jun-22
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.15	Jun-22	21-Jul-22
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.17	Jul-22	21-Aug-22
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.17	Aug-22	21-Sep-22
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.17	Sep-22	21-Oct-22
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.17	Oct-22	21-Nov-22
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.17	Nov-22	21-Dec-22
Name of the Statute	Nature of Dues	Amounts (D In Lacs)	Period to which amount relates	Due Date	Remarks
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.17	Dec-22	21-Jan-23
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.17	Jan-23	21-Feb-23
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.27	Feb-23	21-Mar-23
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.17	Mar-23	21-Apr-23
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.14	Apr-24	21-May-24
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.15	May-24	21-Jun-24
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.14	Jun-24	21-Jul-24
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.12	Jul-24	21-Aug-24
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.12	Aug-24	21-Sep-24
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.12	Sep-24	21-Oct-24
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.11	Oct-24	21-Nov-24
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.10	Nov-24	21-Dec-24
The Maharashtra State Tax on Profession Trades, Callings and Employments Act, 1975	Professional Tax	0.10	Dec-24	21-Jan-25

Note-We are not reporting few cases as outstanding amount below H10,000.

(b) Based on information and explanations given to us and according to the records maintained by the Company, the dues in respect of sales tax, service tax, income tax, professional tax, duty of excise and value added tax, entry tax that have not been deposited on account of any dispute, are as follows:

Name of the Statute	Nature of Dues	Period to which the amount relates	Forum where the dispute is pending	Amount involved (D in Lacs)	Amount Unpaid (D in Lacs)
		2007-08	CESTAT, Hyderabad	149.67	84.42
		2009-10 to 2010-11	CESTAT, New Delhi	30.00	30.00
		April 2009 - December 2009	CESTAT, Bangalore	36.10	34.30
		April 2014 - December 2015	CESTAT, Delhi	37.17	36.15
Central Excise Act, 1944	Excise Duty	March 2013 - February 2016	Honble Karnataka High Court	179.12	172.44
		January 2012 - March 2016	CESTAT, Bangalore	175.71	175.71
		January 2013 - February 2016	CESTAT, Bangalore	252.00	242.93
		2013-14 to 2015-16	Commissioner Appeal	70.75	70.65
	Sales Tax	2003-04	The Under Secretary, Commecial	5.49	-
Chhattisgarh Commercial Tax Act, 1994	Sales Tax	2004-05	Tax Department, Government of Chattisgarh	4.16	-
	VAT	2005-06	Taxation Tribunal	42.98	-
		2006-07	Honble High Court of Calcutta	3.93	3.93
West Bengal Value Added Tax	VAT	2006-07	West Bengal Taxation Tribunal	2,111.10	2,111.10
Act, 2003		2010-11	West Bengal Taxation Tribunal	1,296.46	1,296.46
		2015-16	Appellate forum-CD-2, West Bengal	271.74	228.87
Jharkhand Value Added Tax Act, 2005	VAT	2006-07	Yet to be filed	80.31	80.31
Maharashtra Value Added Tax	VAT	2012-13	Joint Commissioner of Sales Tax	5,539.05	5,332.80
Act, 2002		2013-14	Maharashtra State Tribunal	407.12	375.54
		2007-08	Honble Andhra Pradesh High Court	128.40	128.40
		2008-09	Honble Andhra Pradesh High Court	372.57	372.57
Andhra Pradesh Value Added	VAT	2009-10	Honble Andhra Pradesh High Court	397.32	397.32
Tax Act, 2005		2010-11	Honble Andhra Pradesh High Court	114.27	114.27
		2011-12	Honble Andhra Pradesh Taxation Tribunal	27.87	24.82
		2006-07	Sales Tax Tribunal, Raipur	132.71	-
		2007-08	Sales Tax Tribunal, Raipur	86.56	-
Chhattisgarh Value Added Tax Act, 2005	VAT	2008-09	Sales Tax Tribunal, Raipur	103.79	-
		2014-15	Additional Commissioner, Commercial Tax, Bilaspur	35.37	28.29
Kerala Value Added Tax Act, 2003		2007-08	DC (Appeal), Ernakulam	15.72	12.58
	VAT	2009-10	AC (Works Contract), Ernakulam	9.24	4.30
		2011-12	DC (Appeal), Ernakulam	35.94	-
Name of the Statute	Nature of Dues	Period to which the amount relates	Forum where the dispute is pending	Amount involved (D in Lacs)	Amount Unpaid (D in Lacs)
		2009-10	Haryana VAT Tribunal	12.18	12.18
Haryana Value Added Tax Act, 2003	VAT	2015-16	Haryana VAT Tribunal	32.51	32.51
		2017-18	Addl VAT Liability on Service Tax and disallowance of ded. claimed for labour & services.	405.28	405.28
Uttar Pradesh Value Added Tax, 2008	VAT	2017-18	Deputy Commissioner	158.45	158.45
Karnataka Value Added Tax Act, 2003	VAT	01.04.2017 to 30.06.2017	Honble Karnataka High Court	14.38	14.38
		2016-17	Honble Karnataka High Court	24.67	24.67
Andhra Pradesh General Sales Tax Act, 1957	Sales Tax	2003-04	Appellate Tribunal in Vizag	8.59	7.71
Goa Sales Tax Act, 1964	Sales Tax	2004-05	Additional CCT (Appeal), Margao	64.36	64.36
Orissa Sales Tax Act, 1947 [For Sambalpur]	Sales Tax	1985-86, 1988-89 & 1989-90	Sales Tax Appellate Tribunal	2.58	2.58
Orissa Sales Tax Act, 1947 [For Paradeep]	Sales Tax	2001-02	Sale Tax Officer	5.66	5.66
Bombay Sales Tax Act,1959	Sales Tax	2003-04 & 2004-05	Mazz India has filed Writ Petition in Bombay High Court	144.34	144.34
Tamil Nadu General Sales Tax Act, 1959	Sales Tax	2000-2001	Sales Tax Appellate Tribunal (STAT)	320.86	320.86
Goa - Central Sales Tax Act, 1956	CST	2003-04	Additional CCT (Appeal), Margao	7.12	7.12
	CST	2006-07	Sales Tax Appellate Authority	0.50	0.50
The Central Sales Tax (Orissa) Rules, 1957	CST	2013-14 & 2014-15	Additional CCT (Appeal), Cuttack	1.95	1.56
Kerala CST Rules, 1957	CST	2014-15	Sales Tax Office (WC), Ernakulam	0.72	0.72
The Uttar Pradesh Central Sales Tax Act, 1956	CST	2017-18	Deputy Commissioner	2.00	2.00
		2005-06 to 2008-09	High Court- Bilaspur	78.85	-
The Chhattisgarh Tax on Entry of Goods Act, 1976		2009-10	CG Taxation Tribunal	51.73	35.17
	Entry Tax	2010-11	CG Taxation Tribunal	25.24	21.45
		2011-12	Addl CCT Bilaspur	39.97	39.97
		2012-13	CG Taxation Tribunal	23.24	23.24
		2013-14	Addl CCT Bilaspur	33.84	28.41
		2006-07	Honble Supreme Court of India	64.74	64.74
The Uttar Pradesh Tax on Entry of Goods Act, 2000	Entry Tax	2007-08	Honble Supreme Court of India	47.97	47.97
		2008-09	Honble Supreme Court of India	61.88	61.88
		2010-11	Honble Supreme Court of India	59.79	59.79
		2017-18	Deputy Commissioner	25.00	25.00
Name of the Statute	Nature of Dues	Period to which the amount relates	Forum where the dispute is pending	Amount involved (D in Lacs)	Amount Unpaid (D in Lacs)
The Orissa Entry Tax Act, 1999	Entry Tax	2013-14 & 2014-15	Addl CCT (Appeal), Cuttack	10.51	9.81
WBTEGLA Act, 2012	Entry Tax	2015-16	Taxation Tribunal	100.03	100.03
Foreign Trade Policy, 20152020	SEIS Benefit	2015-2020	DGFT, Kolkata	641.09	641.09
Goods & Service Tax Act, 2017-Jharkhand	GST	2017-18	Joint Commissioner	124.77	124.77
		2017-18 (AUDIT)	Honble High Court in Karnataka	1,179.35	1,179.35
Goods & Service Tax Act, 2017-Karnataka	GST	2017-18 TRAN-1	Honble High Court in Karnataka	1090.10	1090.10
		2018-19 to 2022-23	Honble High Court in Karnataka	2,468.37	2,462.26
Goods & Service Tax Act, 2017-Bihar	GST	2017-18	Tribunal	81.40	75.87
Goods & Service Tax Act, 2017-Assam	GST	2019-20	Honble Gauhati High Court	392.22	392.22
		2020-21	Commissioner (Appeals)	415.01	415.01
		2017-18	Honble High Court of Punjab & Haryana	1,383.62	1,383.62
Goods & Service Tax Act, 2017-Haryana		2018-19	Rectification filed	502.15	502.15
	GST	2018-19	Honble High Court of Punjab & Haryana	234.03	234.03
		2019-20	Rectification filed	249.23	249.23
		2020-21	Commissioner (Appeals)	60.84	57.68
		2017-18	Honble Odisha High Court	149.97	149.97
		2017-18	Commissioner & Odisha High Court	129.99	127.06
Goods & Service Tax Act, 2017-Odisha	GST	2018-19	Commissioner & Odisha High Court	404.45	336.18
		2019-20	Commissioner & Odisha High Court	381.17	316.29
		2018-19 to 2020-21	Honble Odisha High Court	349.34	349.34
		2017-18	Commissioner (Appeals)	123.67	111.51
		2017-18	Commissioner	591.30	591.30
		2018-19	Commissioner (Appeals)	144.88	108.01
Goods & Service Tax Act,	GST	TRAN-1	Tribunal yet to constitute	17.82	16.97
2017-West Bengal		2019-20	Honble Calcutta High Court	127.07	127.07
		2020-21 to 2022-23	Honble Calcutta High Court	603.12	603.12
		2021-22	Commissioner (Appeal)	103.33	97.79
Goods & Service Tax Act,	GST	2017-18	Additional Commissioner (Appeal)	117.03	106.63
2017-Chhattisgarh		2019-20	Additional Commissioner (Appeal)	66.58	63.05
Name of the Statute	Nature of Dues	Period to which the amount relates	Forum where the dispute is pending	Amount involved (D in Lacs)	Amount Unpaid (D in Lacs)
		2017-18	Deputy Commissioner (Appeal)	171.81	154.63
		2018-19	Deputy Commissioner (Appeal)	428.78	385.69
Goods & Service Tax Act,	GST	2018-19	Deputy Commissioner (Appeal)	9.96	8.96
2017-Tamil Nadu		2019-20	Deputy Commissioner (Appeal)	356.55	320.89
		2020-21	Deputy Commissioner (Appeal)	106.00	95.40
		April18-March19	Deputy Commissioner (Appeal)	14.13	13.72
Goods & Service Tax Act,	GST	2017-18	Commissioner (Appeal)	197.64	179.67
2017-Maharashtra		April19-March23	Bombay High Court	348.06	348.06
		2018-19	Joint Commissioner (Appeal)	21.97	17.98
Goods & Service Tax Act,	GST	2019-20	Joint Commissioner (Appeal)	120.94	109.96
2017-Telangana		April20-March21	Joint Commissioner (Appeal)	68.04	61.87
		April21-March22	Joint Commissioner (Appeal)	19.90	18.09
		2017-18	Additional Commissioner (Appeal)	206.39	187.46
Goods & Service Tax Act, 2017-Uttar Pradesh		2018-19	Additional Commissioner (Appeal)	316.83	259.23
	GST	April18-March19	Additional Commissioner (Appeal)	73.25	70.92
		2019-20	Additional Commissioner (Appeal)	462.76	378.62
		April20-March21	Additional Commissioner (Appeal)	204.04	193.23
		2017-18	Assistant Commissioner (Appeal)	160.51	152.99
		2017-18	Assistant Commissioner (Appeal)	4.03	3.90
		July17-March18	Assistant Commissioner (Appeal)	236.56	224.74
Goods & Service Tax Act, 2017-Gujarat		July17-March18	Assistant Commissioner (Appeal)	0.38	0.37
	GST	April19-March20	Assistant Commissioner (Appeal)	765.04	738.51
		2018-19	Additional Commissioner (Appeal)	5.52	5.34
		April18-March19	Assistant Commissioner (Appeal)	2.85	2.76
		April18-March19	Assistant Commissioner (Appeal)	170.53	165.37
		April19-March20	Assistant Commissioner (Appeal)	78.19	75.66
		2017-18	Commissioner (Appeal)	344.59	333.28
Goods & Service Tax Act,	GST	July17-March18	Joint Commissioner (Appeal)	55.68	52.90
2017-Madhya Pradesh		2019-20	Commissioner (Appeal)	32.93	31.70
		2020-21	Commissioner (Appeal)	13.17	12.64
Goods & Service Tax Act, 2017-Delhi	GST	Jul17-March22	Honble Delhi High Court	377.18	377.18
Goods & Service Tax Act,	GST	2019-20	Honble Gauhati High Court	54.39	54.39
2017-Manipur		Jul17-March21	Commissioner (Appeals)	161.62	145.46
Goods & Service Tax Act, 2017-Nagaland	GST	Jul17-March20	Rectification filed	362.84	324.76
Goods & Service Tax Act,	GST	April20-March21	Deputy Commissioner (Appeal)	474.46	447.80
2017-Kerala		April21-March22	Deputy Commissioner (Appeal)	84.45	83.68
Finance Act,1994-Service Tax	Service Tax	Oct15-June17	Commissioner (Appeals)	177.99	160.19
Name of the Statute	Nature of Dues	Period to which the amount relates	Forum where the dispute is pending	Amount involved (D in Lacs)	Amount Unpaid (D in Lacs)
		2005-06	Honble Calcutta High Court	268.48	268.48
		2006-07	Honble Calcutta High Court	413.93	413.93
Income-Tax (80IA Matter)	Income Tax	2008-09	Honble Calcutta High Court	379.51	379.51
		2009-10	Honble Calcutta High Court	257.74	257.74
		2009-10	CIT (Appeal)	66.74	66.74
Professions Trades Callings And Employment Act,1979	Professional Tax	1981-82 to 1994-95	Honble Asst. Commissioner of P. Tax	4.34	4.34

VIII. According to the information and explanations given to us and on the basis of our examination of the records of the Company, 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) The Company has defaulted in repayment of principal and interest thereon which are due on Term Loan

obtained from financial institution as set out below:-

Nature of Borrowing, including debt securities	Name of lender	Amount not paid on due date (D in Lacs)	Whether principal or interest	Default in repayment of principle and interest (D in Lacs)			Remarks, if any
				Upto 180 days	From 181 Days to 365 Days	Above 365 Days
Secured Rupee Term Loan from Financial Companies	Srei Equipment Finance Ltd.	4,616	Both	-	-	4616

(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 willful defaulter by any bank or financial institution or other lender.

(c) According to the information and explanations given to us and on the basis of our examination of the records of the Company, term loans were applied for the purpose for which the loans were obtained.

(d) According to the information and explanations given to us and on the basis of our examination of the records 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 or joint ventures. 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 or joint ventures. Accordingly, clause 3(ix)(f) of the Order is not applicable.

X. (a) In our opinion and according to the information and explanations given to us, the Company has not raised any money by way of initial public offer or further public offer (including debt instruments) during the year. Accordingly, clause 3(x)(a) of the Order is not applicable.

(b) (i) Based on examination of the books and records of the Company and according to the information and explanation given to us, the Company has made preferential allotment of shares during the year and has compiled with section 42 and section 62 of the Companies Act, 2013.

(ii) In our opinion and according to the information and explanations given to us, the Company has utilized the funds raised by way of preference share allotment for the purpose of which they were raised.

XI. (a) Based on examination of the books and records of the Company and according to the information and explanations given to us, considering the principles of materiality outlined in Standards on Auditing, we report that no fraud by the Company or on the Company has been noticed or reported during the course of the audit.

(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 the auditors in Form ADT-4 as prescribed under Rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government.

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

XII. The Company is not a Nidhi Company. Hence, reporting under clauses 3(xii)(a), (b) and (c) of the Order is not applicable to the Company.

XIII. According to the information and explanations given to us by the management and based on our examination of books of account, transactions with the related parties are in compliance with Section 177 and 188 of the Companies Act, 2013 where applicable and the details of such transactions have been disclosed in the Note No. 30 to the Standalone Financial Statements as required by the applicable accounting standards.

XIV. (a) The Company is having Internal Audit

Department responsible for carrying out the internal audit of various contracts/project sites and process (i.e. Sales, Pay roll etc.) at periodical intervals as per the approved audit plan. The internal audit system adopted by the internal audit department is commensurate with the size and nature of the business of the Company.

(b) We have considered the internal audit reports for the year under audit, submitted by Internal Audit Department of the Company during the year and till date, in determining the nature, timing and extent of our audit procedures and found satisfactory.

XV. According to the information and explanations given to us and as represented to us by the management and based on our examination of the records of the Company, the Company has not entered into non-cash transactions with directors or persons connected with him. Accordingly, clauses 3(xv) of the Order are not applicable.

XVI. According to the information and explanations given to us and based on our examination of the records of the Company,

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

(b) The Company has not conducted any NonBanking Financial or Housing Finance activities during the year.

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

(d) The Group does not have any CIC.

Accordingly, clauses 3(xvi) (a), (b), (c) and (d) of the Order are not applicable.

XVII. The Company has not incurred cash loss during the period under review.

XVIII. There has been no resignation of the statutory auditors during the year. Accordingly, clause 3(xviii) of the Order is not applicable.

XIX. On the basis of the financial ratios disclosed in note to the Standalone Ind AS Financial Statements, ageing and expected dates of realization of financial assets and payment of financial liabilities, other information accompanying the financial statements, our knowledge of the Board of Directors and management plans and based on 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 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.

XX. In our opinion and according to the information and explanations given to us, the Company was not required to spend any amount towards corporate social responsibilities under the provision of Section 135 of the Companies Act, 2013 as the average of Net profit of three immediately preceding financial years is negative. Accordingly, reporting under clause 3(xx) of the Order is not applicable to the Company.

	For Binayak Dey & Co. Chartered Accountants
	(FRN: 328896E)
	Binayak Dey
	(Proprietor)
Place: Kolkata	Membership No: 062177
Date: 28th May, 2026	(UDIN:26062177FUPXCE2982)

ANNEXURE B

TO THE INDEPENDENT AUDITORS REPORT

{Referred to in Paragraph (2)(g) of "Report on Other Legal and Regulatory Requirements" section of our Independent Auditors Report}

To The Independent Auditors Report of even date on The Standalone Financial Statement of Simplex Infrastructures Limited

Report on the Internal Financial Controls Over Financial Reporting under Clause (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 Simplex Infrastructures Limited

(hereinafter referred as "the Company") as of March 31, 2026 in conjunction with our audit of the Standalone Financial Statements of the Company for the year ended on that date.

Managements Responsibility for Internal Financial Controls

The Board of Directors of the Company 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 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 ("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 respective 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 Companies Act, 2013.

Auditors Responsibility

Our responsibility is to express an opinion on the internal financial controls over financial reporting of the Company based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (the

"Guidance Note") issued by the Institute of Chartered Accountants of India 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. 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 reporting was established and maintained and if such controls operated effectively in all material aspects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls 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 with reference to these Standalone Financial Statements, 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 system over financial reporting of the Company.

Meaning of Internal Financial Controls over Financial Reporting

A Companys internal financial control over financial reporting 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 generally accepted accounting principles. A Companys internal financial control over financial reporting includes those policies

and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the Company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the Company are being made only in accordance with authorizations of management and directors of the Company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the Companys assets that could have a material effect on the financial statements.

Inherent Limitations of Internal Financial Controls 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 error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls 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 degree 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 and based on the consideration of the reports of the other auditor on internal financial controls with reference to Standalone Financial Statements of the joint operation, the Company has, in all material respects, an adequate internal financial controls over financial reporting with reference to Standalone Financial Statements and such internal financial controls over financial reporting with reference to Standalone Financial Statements were operating effectively as at March 31, 2026 based on the criteria for internal financial control with reference to Standalone Financial Statements established by the respective Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls with reference to Standalone Financial Statements issued by the Institute of Chartered Accountants of India.

	For Binayak Dey & Co. Chartered Accountants
	(FRN: 328896E)
	Binayak Dey
	(Proprietor)
Place: Kolkata	Membership No: 062177
Date: 28th May, 2026	(UDIN: 26062177FUPXCE2982)