Auditor Report of Ambo Agritec Ltd.

Mar 31, 2025

We have audited the accompanying standalone financial statements of M/s. Ambo Agritec Limited (hereinafter
referred to as ‘the Company’), which comprises of the Balance Sheet as at 31st March 2025, the Statement of
Profit and Loss, the Cash Flow Statement for the year ended, and notes to the financial statements, including a
summary of the significant accounting policies and other explanatory information (hereinafter referred to as “the
standalone financial statements).

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid
standalone financial statements give the information required by the Companies Act, 2013 (“the Act”) in the
manner so required and give a true and fair view in conformity with the accounting standards specified under
section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 (as amended) and other
accounting principles generally accepted in India, of the state of affairs of the Company as at 31 March 2025 and
profit and its cash flows for the period ended on that date.

Basis for Opinion:

We conducted our audit of the financial statements in accordance with the Standards on Auditing (SAs) 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 provision of the Act and the Rules 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.

Information Other than the Standalone Financial Statements and Auditors’ Report Thereon:

The Company’s Management and Board of Directors are responsible for the other information. The other
information comprises the information included in the Company’s Annual Report, but does not include the
standalone financial statements and our auditors’ report thereon. The Company’s annual report is expected to be
made available to us after the date of this auditors’ report.

Our opinion on the standalone 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 financial statements, our responsibility is to read the other
information identified above when it becomes available and, in doing so, consider whether the other information
is materially inconsistent with the financial statements or our knowledge obtained in the course of our audit or
otherwise appears to be materially misstated.

The Director’s report is not made available to us at the date of this auditor’s report. We have nothing to report in
this regard.

Responsibilities of the Management and Those Charged with Governance for the Standalone Financial
Statements:

The Company’s Management and Board of Directors are 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, and cash flows of the company in accordance with the accounting
principles generally accepted in India, including the accounting standards specified under section 133 of the Act,
read with Companies Accounts Rules, 2014, as amended (to the extent applicable). This responsibility also
includes maintenance of adequate accounting records in accordance with the provisions of the Act for
safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities;
selection and application of appropriate accounting policies; making judgments 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 Management and Board of Directors are responsible for
assessing the Company’s 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 alternatives but to do so.

The Board of Directors are also responsible for overseeing the Company’s financial reporting process.

Auditors’ Responsibility 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 the 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 decision of users taken on the basis of these financial statements.

As a 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 misstatements 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 controls.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that
are appropriate in the circumstances. Under section 143(3)(i) of the Companies Act, 2013, we are also
responsible for expressing our opinion on whether the company has adequate internal financial controls with
reference to Standalone Financial Statements in place and the operating effectiveness of such controls.

• Evaluate the appropriateness of the accounting policies used and the reasonableness of the accounting
estimates and related disclosures made by the management.

• Conclude on the appropriateness of the Management and Board of Directors use of the going concern
basis of accounting in preparation of standalone financial statements and, based on the audit evidence obtained,
whether a material uncertainty exists related to events or conditions that may cast significant doubt on the
Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are
required to draw attention in our auditor’s 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 auditor’s 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.

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, relate safeguards.

Report on Other Legal and Regulatory Requirements:

1. As required by the Companies (Auditor’s Report) Order, 2020 (“the Order”), issued by the Central
Government of India in terms of sub-section (11) of section 143 of the Companies Act, 2013, we give in the
“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, based on our audit we report, to the extent applicable 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 account 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 and the Statement of Cash Flow dealt with by this
Report are in agreement with the books of account;

d) in our opinion, the aforesaid standalone financial statements comply with the Accounting Standards
specified under Section 133 of the Act, read with Rules, as amended (to the extent applicable) prescribed thereon;

e) on the basis of the written representations received from the directors as on 31 March, 2025 taken on
record by the Board of Directors, none of the directors is disqualified as on 31 March, 2025 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 Control with reference to Standalone Financial
Statements of the Company and the operating effectiveness of such controls, refer to our separate Report in the
“Annexure B”

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 information 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;

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

iii. There were no amounts which were required to be transferred to the Investor Education and Protection
Fund by the Company during the period ended 31 March 2025;

iv. The management has represented that, to the best of its knowledge and belief, no funds have been
advanced or loaned 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
(“Ultimate Beneficiaries”) by or on behalf of the Company or provide any guarantee, security or the like
to or on behalf of the Ultimate Beneficiaries;

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
(“Ultimate Beneficiaries”) by or on behalf of the Funding Party or provide any guarantee, security or the
like from or on behalf of the Ultimate Beneficiaries; and

Based on such audit procedures as 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)
above contain any material misstatement.

v. The Company has not declared or paid any dividend during the year ended 31 March 2025.

vi. Based on our examination which included test checks, the company has used accounting software for
maintaining its books of account which has a feature of recording audit trail (edit log) facility and the
same has operated throughout the year for all relevant transactions recorded in the software. Moreover,
the feature of the recording audit trail (edit log) facility is enabled at the database level to log any direct
data changes pertaining to the accounting software used for maintaining books of account. 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.

h) With respect to the other matters to be included in the Auditor’s Report in accordance with the
requirements of section 197(16) of the Act, as amended: we report that in our opinion and to the best of our
information and according to the explanations given to us, the remuneration paid by the Company to its directors
during the current period is in accordance with the provisions of section 197 of the Act.

For DOKANIA S. KUMAR & CO.

Chartered Accountants

Firm Registration Number. 322919E

Sd/

(CA Sourav Dokania)

Partner

Membership No. (F) 304128
UDIN: 25304128BMKSNG7337
Place: Kolkata
Date: 23.05.2025

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Mar 31, 2024

To the Board of Directors of AMBO AGRITEC LIMITED Report on the Audit of the Standalone Annual Financial Results

Opinion:

We have audited the accompanying Standalone Annual Financial Results of AMBO Agritec Limited (hereinafter referred to as “the Company”’) for the six-months ended and year ended 31 March 2024 (“the Statement” or “Standalone Annual Financial Results”), attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (“SEBI”) (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended (“Listing Regulations”)

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid Standalone Annual Financial Results:

a. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and

b. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Accounting Standards, and other accounting principles generally accepted in India, of the Net Profit and other financial information for the year ended 31st March, 2024

Basis for Opinion:

We conducted our audit of the Standalone Annual Financial Results in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the Companies Act, 2013. Our responsibilities under those Standards are further described in the Auditors’ Responsibilities for the Audit of the Standalone Annual Financial Results 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 standalone financial statements under the provision of the Companies Act, 2013 and the Rules 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 Annual Financial Results.

Responsibilities of the Management and Board of Director’s for the Standalone Annual Financial Results:

These Standalone Annual Financial Results have been prepared on the basis of the Standalone Annual Financial Statements.

The Company’s Management and the Board of Director’s are responsible for the preparation and presentation of these Standalone Annual Financial Results that give a true and fair view of the Net Profit/Loss and other financial information in accordance with the recognition and measurement principles laid down in Accounting Standards specified under section 133 of the Act and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulation. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments 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 Annual Financial Results that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the Standalone Annual Financial Results, the Management and the Board of Directors are responsible for assessing the Company’s 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 alternatives but to do so.

The Board of Directors are also responsible for overseeing the Company’s financial reporting process.

Auditors’ Responsibility for the Audit of the Standalone Annual Financial Results:

Our objectives are to obtain reasonable assurance about whether the Standalone Annual Financial Results 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 the 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 decision of users taken on the basis of these Standalone Annual Financial Results.

As a 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 misstatements of the Standalone Annual Financial Results, 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 controls.

• Obtain an understanding of internal 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 in place an adequate internal financial control system with reference to Financial Statements and the operating effectiveness of such controls.

• Evaluate the appropriateness of the accounting policies used and the reasonableness of the accounting estimates and related disclosures in the Standalone Annual Financial Results made by the management and the Board of Directors.

• Conclude on the appropriateness of Management and 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 company’s 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 Annual Financial Results 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 Annual Financial Results, including the disclosures, and whether the Standalone Annual Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.

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, relate safeguards.

Other Matters

The Standalone Annual Financial Results include the results for the six months ended 31, March, 2024 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures upto the end of September of the current financial year which were subject to limited review by us.

For Dokania S. Kumar & Co.

Chartered Accountants Firm Registration No. 322919E

d ^

(CA Sourav Dokania) JPm

Partner

Membership No. 304128 Place: Koikala Dated: 30 May 2024 UDIN: 24304128BKAPYL1136

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Mar 31, 2023

We have audited the accompanying financial statements of MMBO AgriteLimited (hereinafter referred to as ‘the Company’), which comprises of the Balance Sheet as at 31^st March2023 , the Statement of Profit and sL,othe Cash Flow Statement for year ended, and notes to the financial statements, including a summary of the significant accounting policies and other explanatory information .

In our opinion and to the best of our information and according to the explanations given to us, t aforesaid fiancial statements give the information required by the Companies Act, 20B, as amended (hereinafter referred to as ‘the Act’) in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in Inofiat he state of affairs of the company as at31^st March2D23 , its profited its cash flows for thear ended on that date.

Basis for Opinion:

We conducted our audit of theidincial statement in accordance with the Standards on Auditing (SAs) specified under Section 43(D) of the Act. Our responsibilities under those Standards are further described in the Auditors’ Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by th Institute of Chartered Accountants of India together with the ethical requirements that are relevan our audit of the financial statements under the provisions oftctt and the Rules there under, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code o Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide basis fo our audit opinion on the financial statements.

Information Other than the Financial Statements and Auditors’ Report Thereon:

The Company’s Board of Directors is responsible for the preparation of thether information. The other information comprisehe information included in the Company’s Annual Report, but does not include the financial statements and our auditors’ report thereon. The Company’s annual report is expected to be made available to us after the date of this auditors’ report.

Our opinion on the financial statements does not cover the other information and we do not express an form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the oth information identified abvoe when it becomes available and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in tl course of our audit or otherwise appears to be materially miss tated.

If, based on the work we have performed, we conclude that there is a material misstatement of thi otherinformation ,we are required to report that fact. We have nothing to report in this regard.

Responsibilities of the Management and Those Charged with Governance for the Financial Statements:

The Company’s Board of Directors is responsible for the matters stated in Section 134(5) of the Act, with respect to the preparation of these financial ratafia that give a true and fair view of the financial position, financial performance, and cash flows of the company in accordance with the accounting principles generally accepted in India, including the accounting standards specified under section the of Act, read with Companies Accounts Rules, 201, as amended (to the extent applicable). This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act fo: safeguarding of the assets of the Cornpaind for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate int etfinancial controls, that were operating effectively for ensuring the accuracy and completeness of the accountin records, relevant to the preparation and presentation of the financial statements that give a true and fair v and are free from matermalsstatement, whether due to fraud or er ror.

In preparing the financial statements, the Board of Directors is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going conceruisiaqgl the going concern basis of accounting unless the Board of Directors either intends to liquidate the Compai or to cease operations, or has no realistic alternatives but to do so.

The Board of Directors are also responsible for overseeing the Compfinyucial reporting process.

Auditors’ Responsibility for the Audit of the Financial Statements:

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are f from material misstatement, whether dufraod 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 i accordance with the SAs will always detect a material misstatement whent st Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably 1 expected to influence the economic decision of users taken on the basis of these financial statements.

As a part o£n 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 misstatements of the financial statements, whether due fraud or error, des 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 materi misstatement resulting from fraud is higher than for ondngesfurtom error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls.

• Obtain an understanding of internal control relevant to the audit in order to design audit procedur that areappropriate in the circumstanced nder section 13(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has in place an adequate internal financial control system over financial reporting and the operating effectiveness of such controls.

• Evaluate the appropriateness of the accounting policies used and the reasonablenesse of th accounting estimates and related disclosures made by the management.

• Conclude on the appropriateness of management’s use of the going concern basis of accounting in preparation of the financial statements and, based on the audit evidence obtaitother a material uncertainty exists related to events or conditions that may cast significant doubt on the company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to dra attention in our audits’ report to the related disclosures in the 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.

DOKANIA S. KUMAR & CO • Evaluate the overall presentation, structure and content of the financial statements, includii the disclosures, and whether the financial eshents represent the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, thedplan 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, relate safeguards.

Report on Other Legal and Regulatory Requirements:

1 As required by the Companies (Auditor’s Report) Order, 2020 (hereinafter referred to as ‘the Order’) issued by the Central Government of India in terms of sub-section (!) of section 143 of the Act, we give in the AnnexuCeA a statement on the matters specified in the paragraph and 4 of the Order, to the extent applicabl e.

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 ou r knowledge and belief were necessary for the purposes of our audit.

b) in our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books;

c) the company does not have any branch off thus audit under s-sbection(8) of Section 143 of the Act does not apply to the company;

d) the balance sheet, the statement of profit and loss and the cash flow statement dealt with by tl Report are in agreement with the books of account;

e) in our oprnon, the aforesaid financial statements comply with the Accounting Standards specified under Section B3 of the Act, read with Rulef the Companies (Accounts) Rules04 as amended (to the extent applicable) prescribed thereon;

f) in our opinion and oit he basis of information and explanations provided to us, there are no such matters or financial transactions or other matters which have adverse effect on the functionin the company;

g) on the basis of the written representations received from the>rdiraa:ton31St March 202 3 taken on record by the Board of Directors, none of the directors is disqualified^ Mnarch, 2023 from being appointed as a director in terms of Section 164 (2) of the Act;

h) in our opinion and on the basis of information! aexplanations provided to us, there are no qualifications, reservation or adverse remark relating to the maintenance of the accounts and oth matters connected therewith; and

i) With respect to the adequacy of internal financial control over finandnt ingtpof the company & the operating effectiveness of such controls, refer to our separate report in ABnexure Our Report express an unmodified opinion on the adequacy and operating effectiveness of the Company’s internal financial controls over financial reporting.

j) 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, 204, asamended in our opinion and to the best of our information and according to the explanntsi given to us :

a) the Company does not have any pending litigations which would impact the financial position of the Company .

b) the Company did not have any long term contracts including derivative contr acwhifhr there were any material foreseeable los ses.

c) there were no amount which were required to be transferred to the Investor Education a Protection F und by the Company

d) (i) the management has represented that, to the best of its knowledge and beliun,dachfive

been advanced or loaned 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 person(s) or entity(ies), including foreig entities (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall

• directly or indirectly lend, or invest in other persons or entities identified in any manne whatsoever (“Ultimate Beneficiaries”) by or on behalf of the company or

• provide anyguarantee, security or the like on behalf of the Ultimate Beneficiaries;

(ii) the management has represented, that, to the best of its knowledge and belief, no funds have been received by the company from any person(s) or entity(ies), including foreigtiesn (“Funding Parties”), with the understanding, whether recorded in writing or otherwise, that the company shall

• directly or indirectly lend or invest in other persons or entities identified in any manne whatsoever by or on behalf of the F unding P @ruyimate Beneficiaries”) or

• provide any guarantee, security or the like on behalf of the Ultimate Beneficiar ies; and

(iii) Based on such audit procedures as considered reasonable and appropriate in the circumstances, nothing has come to our notice thhaast caused us to believe that the representations under subclause d (i) and (ii) contain any material -statement .

e) no dividends were declared or paid during the year by the company. Hence, no reporting under this clause is applicable.

3. With respect to the matter to be included in the Auditors’ Report under Section 197(16) of the Act: In our opinion and according to the information and explanations given tthesr emuneration paid by the company to its directors during the cuiyeartis in accordance with the provisions of section 197 of the Act

For DOKANIA S. KUMAR & CO.

Chartered Accountants

Firm Registration Number. 3229PE

Sd/-

(CA. Sourav Dokania)

Partne r

Membership N o. 30428 UDIN 233C428BGWYRU58C3

Place: Kolkata Date: 28.05.2023