Sylph Industries Ltd Auditor Reports

In nur opinion and to the best of our information and according to the explanations given to us these standalone financial results:

Emphasis of Matter

a. We observed that the company has availed unsecured loans from various entities and individuals However, our review indicates that the company has not provided for Interest,

if any, on these unsecured loans.

b. We observed that the company has granted loans and advances to various entities and individuals However, our review indicates that the company has not recognised interest income, if any, on these Joans and advances,

c. As ol 31st March, Z02G, the companys financial statements reflect, outstanding balances related to trade receivables, trade payables, loans and advances given, and loans and advances taken. However, these balances are subject to confirmations and reconciliations, If any.

Managements Responsibilities for the Standalone Financial Results

The Statement has beelt prepared on the basis oi the Standalone annual financial statements. The Board of Directors of the Company are responsible lor the preparation and presentation of the Statement that gives a true and tali view ut the net profit and other comprehensive income of the Company and other financial information in accordance with the applicable accounting standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and otltci accounting principles generally accepted in India and in compliance with Regulation 33 o( the Listing Regulations. This responsibility also includes maintenance ol adequate accounting records in accordance with the provisions of the Act tbr safeguarding u] the assets of the Company and lor preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that arc reasonable anti prudent, and the 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 ol the Statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Statement, the Board of Directors are responsible for assessing the Companys ability to continue as a going concern, disclosing, us applicable, matters related to going concern and ustng Lhe going concern basis ot accounting unless the Board of Directors either intends to liquidate the Company or to cease operations. or has no realistic alternative hut to do so.

The Board of Directors are responsible for overseeing the Companys financial reporting Process,

Auditors Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole is 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 arc considered material it, individually or m the aggregate, they could reasonably he expected to influence the economic decisions of users taken on the basis ol

the Statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also

* Identify and assess the risks of material misstatement of the Annual Standalone Financial Results, whether due to fraud or error, design and perforin 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 control relevant to the audit in order to design audit procedures that are appropriate In the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Companys internal control

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors.

¦ Conclude cm the appropriateness of the Board of Directors 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 ability of the Company 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 Statement 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 tu continue as a going concern.

* Obtain sufficient appropriate audit evidence regarding the Annual Standalone Financial Results of the Company to express an opinion on the Annual Standalone Financial Results.

Materiality is magnitude of misstatement in the statement that, individually or in aggregate, make it probahlc that the economic decisions of a reasonably knowledgeable user of statement 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 misstatement in the statement

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, .md where applicable, related safeguards.

Other Mailers

The accompanying Statement includes the results for the quarter ended 31- March, 2026 being the balancing iigurc between audited figures in respect of the full financial year and the published year to dale figures up to the third quarter of the current financial year, which were subject to limited review by us, as required under the Listing Regulations. Our opinion on the Audit of the Financial Results lor the year ended 31 ¦ March. 202b is not modified in respect of this matter.