Spunweb Nonwoven Ltd Auditor Reports

(Report On the Compilation of Pro Forma Condensed Combined Financial Statements )

To

The Board of Directors Spunweb Nonwoven Limited (CIN: U17291GJ2015PLC084107) Survey No 119(2), NH 27, Near Wankaner Boundry, Rangpar, Rajkot, Wankaner, Gujarat, India, 363621

1. We have completed our assurance engagement to report on the compilation of Pro forma Condensed Combined Financial Statements of Spunweb Nonwoven Limited (the “Company”), Spunweb India Private Limited and Spunweb Nonwoven (collectively, the “Spunweb Group or Group”) prepared by the Company. The Pro forma Condensed Combined Financial Statements consists of restated consolidated and standalone nancial statements of Spunweb Nonwoven Limited as at March 31,2025 and audited nancial statements of Spunweb India Private limited for period from September 26,2024 to March 31,2025 and audited nancial statements of Spunweb Nonwoven for period from April 01,2024 to September 25,2024and selected explanatory notes (collectively, “Pro forma Condensed Combined Financial Statements”) as set out in the O er Documents prepared by the Company in connection with the proposed Initial Public O ering of its equity shares (the “O ering”). The applicable criteria on the basis of which the Company has compiled the Pro forma Condensed Combined Financial Statement is described in Note 2 to the Pro forma Condensed Combined Financial Statements. Because of its nature, the condensed combined Financial Statements does not represent the actual nancial position or nancial performance of the Spunweb Group.

1. The Board of Directors of the Company is responsible for compiling the Pro forma Condensed Combined Financial Statements on the basis set out in the Note 2 to the Pro forma Condensed Combined Financial Statements. This responsibility includes the responsibility for designing, implementing and maintaining internal control relevant for compiling the Pro forma Condensed Combined Financial Statements on the basis as set out in Note 2 to the Pro forma Condensed Combined Financial Statements that is free from material misstatement, whether due to fraud or error. The Board of Directors of the Company are also responsible for identifying and ensuring that the Company complies with the laws and regulations applicable to its activities, including compliance with the provisions of the laws and regulations for the compilation of Pro forma Condensed Combined Financial Statements.

2. Our responsibility is to express an opinion, about whether the Pro forma Condensed Combined Financial Statements has been compiled, in all material respects, by the Company on the basis set out in the Note 2 to the Pro forma Condensed Combined Financial Statements.

3. We conducted our engagement in accordance with Standard on Assurance Engagements (SAE) 3420, Assurance Engagements to Report on the Compilation of Pro Forma Financial Statements Included in a Prospectus, issued by the Institute of Chartered Accountants of India. This Standard requires that the auditor comply with ethical requirements and plan and perform procedures to obtain reasonable assurance about whether the Company has compiled, in all material respects, the Pro forma Condensed Combined Financial Statements on the basis set out in the Note 2 to the Pro forma Condensed Combined Financial Statements.

4. For purposes of this engagement, we are not responsible for updating or reissuing any reports or opinions on any historical nancial Statements used in compiling the Pro forma Condensed Combined Financial Statements, nor have we, in the course of this engagement, performed an audit or review of the nancial Statements used in compiling the Pro forma Condensed Combined Financial Statements.

5. The purpose of Pro forma Condensed Combined Financial Statements included in the O er Documents is solely to illustrate the impact of the above mentioned acquisition by the Company of Spunweb Nonwoven India Private Limited on the unadjusted Restated Consolidated Financial Statements of Spunweb Group as if the acquisition by the Company of Spunweb India Private Limited had occurred at an April 01,2024 for purposes of the illustration. Accordingly, we do not provide any assurance that the actual outcome of the above mentioned acquisition by the Company of Spunweb India Private Limited at selected date as described in Note 2 to the Pro forma Condensed Combined Financial Statements, would have been as presented.

6. A reasonable assurance engagement to report on whether the Pro forma Condensed Combined Financial Statements has been compiled, in all material respects, on the basis of the applicable criteria as speci ed in Note 2 to the Pro forma Condensed Combined Financial Statements, involves performing procedures to assess whether the applicable criteria used by the Company in the compilation of the Pro forma Condensed Combined Financial Statements provide a reasonable basis for presenting the signi cant eects directly attributable to the acquisition by the Company of Spunweb India Private Limited, and to obtain su icient appropriate evidence about whether the related pro forma adjustments give appropriate eect to those criteria as speci ed in Note 2 to the Pro forma Condensed Combined Financial Statements and whether Pro forma Condensed Combined Financial Statements re ects the proper application of those adjustments to the adjusted Company Restated Financial Statements.

7. The procedures selected depend on the Auditors judgment, having regard to the Auditors understanding of the nature of the Company, the event or transaction in respect of which the Pro forma Condensed Combined Financial Statements has been compiled, and other relevant engagement circumstances.

8. Because the above procedures do not constitute either an audit or a review made in accordance with the generally accepted auditing standards in India, we do not express any assurance on the Pro forma Condensed Combined Financial Statements.

9. The engagement also involves evaluating the overall presentation of the Pro forma Condensed Combined Financial Statements.

12. Our report is intended solely for use of the Company for inclusion in the O er Documents to be led with NSE Limited in connection with the proposed o ering. Our report should not be used, or referred to for any other purpose except with our prior consent in writing. Accordingly, we do not accept or assume any liability or any duty of care for any other purpose or to any other person to whom this report is shown or into whose hands it may come without our prior consent in writing.