Supreme Facility Management Ltd Auditor Reports

Auditor: Bharat J. Rughani & Co., Chartered Accountants, Firms Registration No: 101220W Partner: Akash Rughani, Membership No: 139664 UDIN: 26139664TZXFMQ9742 Place: Mumbai Date: 26.05.2026

Opinion

The standalone financial statements give the information required by the Companies Act, 2013 in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2026, and its profit and its cash flows for the year ended on that date.

Basis for Opinion

Audit conducted in accordance with Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013. Independent of the Company in accordance with Code of Ethics issued by ICAI.

Key Audit Matters

MSMEs Suppliers and disclosures required under Micro, Small and Medium Enterprises Development Act, 2006: Audit procedures included evaluating the process implemented by management for identification of MSME vendors, reviewing MSME declarations/certificates and other supporting documents. Based on information and explanations provided, management is continuing its process of obtaining updated MSME certificates/declarations and reconciling vendor records to determine completeness of MSME vendors and their disclosure.

Other Information

The Companys Management and Board of Directors are responsible for the other information. The Annual report is expected to be made available after the date of auditors report. Opinion on standalone financial statements does not cover other information.

Board of Directors Responsibilities

Responsible for matters stated in Section 134(5) of the Companies Act, 2013 with respect to preparation of financial statements that give a true and fair view in accordance with accounting principles generally accepted in India, including Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.

Auditors Responsibilities

Objectives are to obtain reasonable assurance about whether financial statements are free from material misstatement, whether due to fraud or error. Reasonable assurance is a high level of assurance but is not a guarantee.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditors Report) Order 2020 (the said Order), issued by the Central Government of India, in terms of sub-section (11) of Section 143 of the Act, we give in the Annexure A, a statement on the matters specified in paragraphs 3 and 4 of the said Order.

2. As required by Section 143(3) of the Act:

o a) Sought and obtained all information and explanations necessary for the purposes of audit.

o b) Proper books of account as required by law have been kept.

o c) Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement are in agreement with books of account.

o d) Financial statements comply with Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.

o e) None of the directors is disqualified as on 31st March, 2026, from being appointed as a director in terms of Section 164(2) of the Act.

o f) Internal financial controls with reference to standalone financial statements - unmodified opinion on adequacy and operating effectiveness.

o g) Other matters:

? i. Company has disclosed impact of pending litigations as at 31 March 2026 - Refer Note 26.

? ii. Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.

? iii. No amounts required to be transferred to the Investor Education and Protection Fund.

? iv. a. No funds advanced or loaned or invested by the Company to Intermediaries with understanding that Intermediary shall lend/invest in Ultimate Beneficiaries. b. No funds received by the Company from Funding Parties with understanding that Company shall lend/invest in Ultimate Beneficiaries. c. Nothing has come to notice that representations under sub-clause (i) and (ii) of Rule 11(e) contain any material misstatement.

? v. Company has not declared or paid dividend during the year.

? vi. Based on examination which included test checks, except for instances mentioned below, the Company has used accounting software for maintaining books of account which have a feature of recording audit trail (edit log) facility and the same has operated throughout the year: a. The feature of recording audit trail (edit log) facility was not enabled at the database level to log any direct data changes for the accounting software used for maintaining books of account relating to payroll, consolidation process and certain non-editable fields/tables of the accounting software used for maintaining general ledger. Further, for periods where audit trail facility was enabled and operated, no instance of audit trail feature being tampered with. Audit trail has been preserved as per statutory requirements.

? vii. Remuneration paid to directors during the current year is in accordance with provisions of Section 197 of the Act. Not in excess of the limit laid down under Section 197.

ANNEXURE A TO THE INDEPENDENT AUDITORS REPORT (Standalone)

1. Property, Plant and Equipment and Intangible Assets:

o a. (A) Proper records showing full particulars, including quantitative details and situation, of Property, Plant and Equipment maintained. (B) Proper records showing full particulars of Intangible Assets maintained.

o b. Property, Plant and Equipment physically verified by Management according to phased program over three years. A portion verified during the year; no material discrepancies noticed.

o c. Title deeds of all immovable properties (other than properties where Company is lessee and lease agreements duly executed in favor of lessee) as disclosed in Note 12, are held in the name of the Company.

o d. Company has not revalued its Property, Plant and Equipment or intangible assets or both during the year.

o e. No proceedings initiated on the Company for holding benami property under the Benami Transactions (Prohibition) Act, 1988.

2. Inventories:

o a. Physical verification of inventory conducted at reasonable intervals by Management. Coverage and procedure appropriate. Discrepancies noticed were not 10% or more in aggregate for each class of inventory and have been appropriately dealt with.

o b. Company has availed a working capital limit of Rs 31 crores from banks and financial institutions and another Rs 5 crore in the form of Overdraft against property as collateral. Discrepancies disclosed in Note No. 28.

3. Investments, Loans, Guarantees:

o a. Company has made investments in its subsidiary company and in others. Company has not granted any loans or advances in the nature of loans, and has not stood guarantee or provided security to any party, during the year or as at the balance sheet date.

Details of Investments (Rs in lakhs):

Particulars	Aggregate amount granted/provided during the year	Balance outstanding as at balance sheet date
Subsidiary	-	388.95
Others	-	4.45

4. Company has not granted any loans nor made any investment in contravention of section 185 and 186 of Companies Act, 2013. It has not given any corporate guarantee for loans from any banks or financial institutions. Complied with provisions of section 185 & 186.

5. Company has not accepted any deposit attracting provision of section 73 to 76 of Companies Act, 2013 or against directives of Reserve Bank of India.

6. Company is not required to maintain cost records as specified under Section 148(1) of the Act.

7. Statutory Dues:

o a. Company is generally regular in depositing undisputed statutory dues including provident fund, employees state insurance, income tax, duty of customs, duty of excise, value added tax, cess, goods and services tax and other material statutory dues. No undisputed amounts payable in arrears as at March 31, 2026 for a period of more than six months from date they became payable.

o b. Disputed statutory dues:

Name of the statute	Nature of the dues	Amount (Rs in lakhs)	Period to which the amount relates	Forum where dispute is pending	Remarks
Employees Provident Funds and Miscellaneous Provisions Act, 1952	PF Interest and Demurrage Charges	150.71	Sept 2015 to August 2023	Writ petition pending at Bombay High Court
GST Act, 2017	GST	21.96, 38.40	FY 2019-20, FY 2022-23	Appeal filed with GSTA
Income Tax Act, 1961	Income Tax	286.43	AY 2023-24	Appeal filed with CITA
Income Tax Act, 1961	TDS	47.45	FY 2008 to 2026	Under correction
Employees State Insurance Act, 1948	Arrears of contribution	95.74	Feb 2021 to Sep 2024	Appeal with ESIC Regional Director

8. Note: Note 13 of financial statements discloses non-current investments as on March 31, 2025 and March 31, 2026. Company has initiated review of valuation of these investments by an independent valuer. Outcome pending as of date of report.

o b. Investments made during the year are, prima facie, not prejudicial to Companys interest. Company has not granted any loans or advances in nature of loans during the year.

o c. Company has not granted or advances money in nature of loans. Requirement to report for regularity of repayment of principal and payment of interest not applicable.

o d. No amounts of loans or advances in nature of loans granted by Company that are overdue for more than ninety days.

o e. No loans or advances in nature of loans granted by Company that fell due during the year and were subsequently renewed or extended, nor any fresh loans granted to settle overdue amounts.

o f. Company has not granted any loans or advances in nature of loans that are either repayable on demand or granted without specifying any terms or period of repayment.

9. No income surrendered or disclosed as income during the year in tax assessments under Income Tax Act, 1961, that has not been recorded in books of account.

10. Loans/Borrowings:

o Company has not defaulted in repayment of loans or other borrowings or in payment of interest to any lender at any time during the year or as at balance sheet date.

o a. Company has not been declared Willful Defaulter by any bank or financial institution or government or any government authority.

o b. Term loans have been utilized for the purposes for which they were obtained.

o c. No funds raised on short-term basis have been used for long-term purposes.

o d. Company has not taken any funds from any entity or person on account of or to meet obligations of its subsidiaries, associates or joint ventures.

o e. Company has not raised loans during the year on the pledge of securities held in its subsidiaries, joint ventures or associate companies.

11. IPO/FPO:

o a. Company has not raised any money by way of initial public offer or further public offer (including debt instruments) during the year.

o b. Company has not made any preferential allotment or private placement of shares or fully or partly convertible debentures during the year.

12. Fraud:

o a. No instance of material fraud by the Company or on the Company noticed or reported during the year.

o b. Report under Section 143(12) of the Act, in Form ADT-4, was not required to be filed.

o c. No whistle-blower complaints received during the year.

13. Company is not a Nidhi Company and Nidhi Rules, 2014 are not applicable.

14. Company has entered transactions with related parties in compliance with provisions of Sections 177 and 188 of the Act. Details disclosed in financial statements under note no 27 as required under Accounting Standard 18.

15. Internal Audit:

o a. Company has an internal audit system as per section 138 of Companies Act, 2013, commensurate with size and nature.

o b. Internal audit reports of the Company issued till date for the period under audit have been considered.

16. Company has not entered into any non-cash transactions with its directors or persons connected with him.

17. RBI Act:

o a. Company is not required to be registered under Section 45-IA of the Reserve Bank of India Act, 1934.

o b. Company has not conducted non-banking financial finance activities during the year.

o c. Company is not a Core Investment Company (CIC) as defined in regulations made by RBI.

o d. Group does not have any CICs which are part of the Group.

18. Company has not incurred any cash losses in the financial year and in the immediately preceding financial year.

19. No resignation of statutory auditors of the company during the year.

20. Based on financial ratios as per Note 29, ageing and expected dates of realization of financial assets and payment of financial liabilities, nothing has come to attention which causes belief that any material uncertainty exists as on date of audit report that Company is not capable of meeting its liabilities existing at date of balance sheet as and when they fall due within a period of one year from balance sheet date.

21. CSR:

o No unspent amount towards Corporate Social Responsibility on other than ongoing projects requiring transfer to a Fund specified in Schedule VII to the Companies Act, 2013 in compliance with second proviso to sub-section (5) of Section 135.

o In respect of ongoing projects, there are no unspent amounts requiring transfer to a special account in compliance with provisions of sub-section (6) of Section 135.

For Bharat J. Rughani & Co. Chartered Accountants Firms Registration No: 101220W Sd/- Akash Rughani Partner Membership No: 139664 UDIN: 26139664TZXFMQ9742 Place: Mumbai Date: 26.05.2026

PART E: ANNEXURE B - INTERNAL FINANCIAL CONTROLS (Standalone)

Report on the Internal Financial Controls with reference to the Standalone Financial Statements under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013

Managements Responsibility: Responsible for establishing and maintaining internal financial controls based on criteria established by the Company considering essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by ICAI.

Auditors Responsibility: Express opinion on Companys internal financial controls with reference to standalone financial statements based on audit. Conducted in accordance with Guidance Note and Standards on Auditing issued by ICAI.

Meaning of Internal Financial Controls over Financial Reporting: Process designed to provide reasonable assurance regarding reliability of financial reporting and preparation of financial statements for external purposes in accordance with generally accepted accounting principles.

Inherent Limitations: Due to inherent limitations, material misstatements due to error or fraud may occur and not be detected. Projections to future periods subject to risk.

Opinion: Company has, in all material respects, an adequate internal financial controls system with reference to standalone financial statements and such controls were operating effectively as at March 31, 2026.

For Bharat J. Rughani & Co. Chartered Accountants Firms Registration No: 101220W Sd/- Akash Rughani Partner Membership No: 139664 UDIN: 26139664TZXFMQ9742 Place: Mumbai Date: 26.05.2026