Times Green Energy India Ltd Auditor Reports

To the Board of Directors of Times Green Energy India Limited

OPINION

We have audited the accompanying Statement of financial results of Times Green Energy India Limited ("the Company") for the Half year and year ended March 31, 2026 ("the Staten-rent"), being submitted by the pursuant to the requirement Of Regulation 33 Of the SEBI (Listing (obligations and Disclosure Requirements) Regulations, 2015, as amended ("the LODR regulations").

In Our opinion and to the best of our information and according to the explanations given to us, these financial results

(i) are presented in accordance with the requirements Of Regulation 33 Of the listing regulations; and

(ii) give a true and fair view in conformity with recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 ("the Act") and other accounting principles generally accepted in India, of the net profit and other financial information of the Company for the half year and year ended March 31, 2026.

We conducted Our audit in accordance With Standards on Auditing ("SA under Section 143(10) Of the Act and Other applicable authoritative pronouncements issued by the Institute of Chartered Accountants Of India ("the ICN"). Our responsibilities under those standards are further described in the Auditors Responsibilities for the Audit of Financial Results section of our report.

We are independent of the Company in accordance with the Code of Ethics issued by the ICAI together with ethical requirements that are relevant to our audit of the financial results for the half year and year ended March 31, 2026 under the provisions of the Act and Rules thereunder, and we have fulfilled our ethical responsibilities in accordance with these requirements and the ICAIs Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

We draw attention to the following matters:

1. The balances of Trade Receivables, Trade Payables and the Inventory of the Company as at 31 st March 2026, are subject to confirmation and physical verification.

2. In view of the nature and modus operandi of the Companys business operations, the sample selection for Vouching of the Sales and Purchases is limited to the extent of availability.

Our opinion is not modified in of the above-mentioned matters.

The Statement is the responsibility of the Companys Board of Directors and has been by them for the issuance. The Statement has from the related audited financial statements for the half year and year ended March 31, 2026. The companys Board of Directors are for the preparation and presentation Of the Statement that give a true and fair view of the net profit and Other financial information Of the Company in accordance with recognition and measurement principles laid down in the Accounting Standards prescribed under Section 133 Of the Act, read with relevant issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 Of the Listing Regulations.

The Board of Directors of the company are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the company and for preventing detecting frauds and Other irregularities; selection and application Of accounting policies; making judgment and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation Of the financial statements that give true and fair View and are free for material misstatement, whether due to fraud and error, which have been used for the purpose of preparation of the Statement by the Board of Directors of the Company, as aforesaid.

In preparing the financial results, the Board of Directors of the Company are responsible for assessing the ability of the Company to continue as 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 of the Company are responsible for overseeing the financial reporting process of the Company.

Our objectives are to obtain reasonable assurance whether the financial results as a whole are free from material misstatement, whether due to fraud or error, to issue an auditors report that includes our opinion. Reasonable assurance is a high level of assurance, but not a guarantee that an audit conducted in accordance with SAS will always detect a material misstatement when it exists. Misstatement can arise from fraud or error and consider material, if, individually or in they could reasonably expected to influence the economic decisions of users taken on the basis of these financial results.

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

• Identify and the risks of material misstatement of the financial results, whether due to fraud or error, design and perform audit responsive to those risks, and obtain audit evidence that is sufficient and appropriate to our basis of opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud involves collusions, forgery, intentional omissions, misrepresentations, or override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedure that are appropriate in circumstances, but not for the of expressing an opinion on the effectiveness of such controls.

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

• Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 of the LODR Regulations.

• Conclude on the appropriateness of the Board of Directors use of the going concern basis of accounting and, based on our 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 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 to continue as a going concern.

• Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represent the underlying transactions and events in the manner that achieves fair presentation.

Materiality is the magnitude of misstatements in the Statement that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Statement may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the Statement.

We communicate with those charged with governance of the company regarding, among other matters, the planned of timing of the audit and significant audit findings, including 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 our independence, and wherever applicable, related safeguards.