Auditor Report of Concord Control Systems Ltd.

Mar 31, 2025

We have audited the accompanying
financial statements of CONCORD
CONTROL SYSTEMS LIMITED (''the
Company''), which comprises the Balance
Sheet as at 31-Mar-2025 and the
Statement of Profit and Loss, statement of
changes in equity and statement of cash
flows for the year then ended, and notes to
finanical statements, including a summary
of 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, the aforesaid
financial statements give the information
required by the Act 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 31-Mar-2025 ,
and its Profit, changes in equity and its cash
flows for the year ended on that date

Basis for Opinion

We conducted our audit in accordance
with the Standards on Auditing specified
under Section 143(10) of the Companies
Act 2013. Our responsibilities under those
Standards are further described in the
Auditor''s 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 the Institute of Chartered

Accountants of India together with the
ethical requirements that are relevant to
our audit of the financial statements
under the provisions of the Companies
Act, 2013 and the Rules thereunder, 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
opinion.

Key Audit Matters

Key audit matters are those matters that,
in our professional judgment, were of
most significance in our audit of the
financial statements of the current
period. We have determined that there
are no key audit matters to communicate
in our report.

Information Other than the Standalone
Financial Statements and Auditor''s Report
Thereon

The Company''s Board of Directors is
responsible for the preparation of the
other information. The other information
comprises the information included in the
Management Discussion and Analysis,
Board''s Report including Annexures to
Board''s Report, Business Responsibility
Report, Corporate Governance and
Shareholder''s Information, but does not
include the standalone financial
statements and our auditor''s report
thereon.

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 and, in doing so, consider
whether the other information is materially
inconsistent with the standalone financial
statements or our knowledge obtained
during the course of our audit or otherwise
appears to be materially misstated.

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

Responsibility of Management for the
Standalone Financial Statements

4. The Company''s Board of Directors is
responsible for the matters stated in
Section 134(5) of the Companies Act, 2013
("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 ,
changes in equity 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. 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 financial
statement that give a true and fair view
and are free from material misstatement,
whether due to fraud or error.

In preparing the financial statements,
management is 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 management either intends to
liquidate the Company or to cease
operations, or has no realistic alternative
but to do so.

Those Board of Directors are also
responsible for overseeing the company''s
financial reporting process.

Auditor''s Responsibility for the Audit of
Financial Statements

5 a.) Our objectives are to obtain

reasonable assurance about whether the
financial statements as a whole are free
from material misstatement, whether due
to fraud or error, and to issue an auditor''s
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 are considered material if,
individually or in the aggregate, they could
reasonably be expected to influence the
economic decisions of users taken on the
basis of these financial statements.

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

i. Identify and assess the risks of material

misstatement of the 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 control.

ii. Obtain an understanding of internal
financial controls 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 adequate
internal financial controls with reference to
financial statements in place and the
operating effectiveness of such controls.

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

iv. Conclude on the appropriateness of
management''s 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 auditor''s 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
auditor''s report. However, future events or
conditions may cause the Company to
cease to continue as a going concern

v. Evaluate the overall presentation,
structure and content of the Financial
Statements, including the disclosures, and
whether the Financial Statements
represent the underlying transactions and
events in a manner that achieves fair
presentation

c. ) Materiality is the magnitude of
misstatements in the Financial Statements
that, individually or in aggregate, makes it
probable that the economic decisions of a
reasonably knowledgeable user of the
Financial Statements 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 misstatements in
the Financial Statements.

d. ) 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.

e. ) 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, related safeguards.

Report on Other Legal and Regulatory
Requirements

6. As required by the Companies (Auditor''s
Report) Order, 2020 (the Order) issued by
the Central Government in terms of Section
143 (11) of the Act, we give in the annexure
a statement on matters specified in
paragraph 3 & 4 of the order, to the extent
applicable.

7. As required by Section 143 (3) of the Act,
we report that: 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.

a. ) 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 except for the
matters stated in the paragraph 8 below on
reporting under Rule 11(g).

b. ) The Balance Sheet, the Statement of
Profit and Loss, and the Cash Flow
Statement dealt with by this Report are in
agreement with the books of account
c).Inouropinion,theaforesaidstandalonefina
ncialstatementscomplywiththeAccountingS
tandardsspecified under Section 133 of the
Act, read with Rule 7 of the Companies
(Accounts) Rules, 2014.

d. ) On the basis of the written
representations received from the directors
as on 31-Mar-2025 taken on

record by the Board of Directors, none of
the directors is disqualified as on 31-Mar-
2025 from being

appointed as a director in terms of section
164(2) of the Act.

e. ) With respect to the adequacy of the
internal financial controls over financial
reporting of the Company and the
operating effectiveness of such controls,
refer to our separate Report in "Annexure
A".

f. ) 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, 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 year is in accordance with the
provisions of section 197 of the Act.

g.) With respect to the other matters to be
included in the Auditor''s Report in
accordance with Rule 11 of the Companies
(Audit and Auditors) Rules, 2014, in our
opinion and to the best of our information
and according to the explanations given to
us:

i. The Company does not have any pending
litigations which would impact its financial
position.

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.

iv) . The Management has represented that,
to the best of it''s knowledge and belief,
other than as disclosed in the notes to the
accounts, 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 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 by or on behalf of
the company ("Ultimate Beneficiaries") or
provide any guarantee, security or the like
on behalf of the Ultimate Beneficiaries.

v) The management has represented, that,
to the best of it''s knowledge and belief,
other than as disclosed in the notes to the
accounts, no funds have been received by
the Company from any person(s) or
entity(is), 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 by or on behalf of
the Funding Party ("Ultimate
Beneficiaries") or provide any guarantee,
security or the like on behalf of the Ultimate
Beneficiaries; and

(vi) Based on such audit procedures that the
auditor has considered reasonable and
appropriate in the circumstances, nothing has
come to their notice that has caused them to
believe that the representations under sub¬
clause (i) and (ii) contain any material mis¬
statement.

(vii) No dividend has been declared or paid
during the year by the Company.

(viii) Based on our examination which included
test checks, the company has used an
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.
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.

Sd/-

Seth & Associates
CHARTERED ACCOUNTANTS
FRN No 001167C

Sd/-

Dhruv Seth (M.No 404028)

Place: Lucknow Partner

Date: 14-May-2025 UDIN: 25404028BMIJAJ3361

---

Mar 31, 2024

We have audited the accompanying standalone annual financial results of Concord Control Systems Limited ("The Company") for the period 1st April 2023 to 31st March 2024, attached herewith, being submitted by the Company pursuant to Regulafion 33 of the Securities and Exchange Board of India (Lisfing Obligafion and Disclosure Requirements) Regulafions, 2015, as amended ("Lisfing Regulafions) In our opinion and to the best of our informafion and according to the explanafions given to us the standalone financial results:

a. are presented in accordance with the requirements of Regulafion 33 of the Lisfing Regulafions in this regard; and

b. give a true and fair view in conformity with the recognifion and measurement principles laid down in the applicable accounfing standards and other accounfing principles generally accepted in India of the net profit and other financial informafion for the period from 01st April, 2023 to 31st March, 2024.

Basis for Opinion

We conducted our audit in accordance with the Standards on Audifing (SAs) specified under Secfion 143 (10) of the Companies Act, 2013. Our responsibilifies under those Standards are further described in the Auditor''s Responsibilifies for the Audit of the Standalone Financial Results secfion of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Insfitute of Chartered Accountants of India together with the ethical requirements that

are relevant to our audit of the financial results under the provisions of the Companies Act, 2013 and the Rules there under, and we have fulfilled our other ethical responsibilifies 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 opinion on the standalone financial results.

Key Audit Matter

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements of the current period. We have determined that there are no key audit matters to communicate in our

Management''s Responsibility for the Financial Statements

The Company''s board of directors are responsible for the matters stated in secfion 134 (5) of the Act with respect to the preparafion of these financial statements that give a true and fair view of the financial posifion, financial performance and cash flows of the Company in accordance with the accounfing principles generally accepted in India, including the accounfing standards specified under secfion 133 of the Act. This responsibility also includes maintenance of adequate accounfing records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for prevenfing and detecfing frauds and other irregularifies; selecfion and applicafion of appropriate accounfing policies; making judgments and esfimates that are reasonable and prudent; and design, implementafion and maintenance of adequate internal financial controls, that were operafing effecfively for ensuring the accuracy and completeness of the accounfing records, relevant to the preparafion and presentafion of the standalone financial results that give a true and

fair view and are free from material misstatement, whether due to fraud or error

In preparing the financial results, management is responsible for assessing the Company''s ability to confinue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounfing unless management either intends to liquidate the Company or to cease operafions, or has no realistic alternafive but to do so. The boards of directors are also responsible for overseeing the Company''s financial reporfing process.

Auditor''s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor''s 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 are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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

i. Identify and assess the risks of material misstatement of the standalone 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 control.

ii. Obtain an understanding of internal financial controls 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 adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.

iii. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related

disclosures made by management

iv. Conclude on the appropriateness of management''s 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 auditor''s report to the related disclosures in the standalone 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 auditor''s report. However, future events or conditions may cause the Company to cease to continue as a going concern.

v. Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the Financial Statements represent the underlying transactions and events in a manner that achieves fair presentation. Materiality is the magnitude of misstatements in the Financial Statements that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Financial Statements 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 misstatements in the Financial Statements

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, related safeguards.

Other Matters

The statement include results for the half year 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 up to half year ended 30 September 2023 of the current financial year which are subject to limited review by us. Our opinion is not modified in respect of the above matter.

For SETH & ASSOCIATES

Place: Lucknow CHARTERED ACCOUNTANTS

Date : 28-05-2024 FRN No 001167C

UDIN : 24404028BKGUXX3610

Sd/-

Dhruv Seth (M. No 404028) Partner

---

Mar 31, 2023

Concord Control Systems Ltd

Report on the Audit of Standalone Financial Statements

We have audited the accompanying standalone financial results of Concord Control Systems Limited for the period 1st April 2022 to 31st March 2023 ("The Financial Statement”), being submitted by the Company pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015. This Statement is responsibility of the Company''s Management and has been approved by the Board of Directors. Our responsibility is to issue an audit report on these financial statements based on our audit.

In our opinion and to the best of our information and according to the explanations given to us the consolidated financial results

a. ) are presented in accordance with the requirements

of Regulation 33 of the Listing Regulations in this regard;

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/ loss and other comprehensive income and other financial information for the period from 01st April, 2022 to 31st March, 2023.

Basis for Opinion

We conducted our audit 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 Auditor''s Responsibilities for the Audit of the Standalone 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 financial results under the provisions 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 opinion.

Key Audit Matter

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements of the current period. We have determined that there are no key audit matters to communicate in our report.

Management''s Responsibility for the Financial

Statements

The Company''s board of directors are responsible for the matters stated in section 134 (5) of the Act with respect to the preparation of these 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. 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 financial statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is 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 management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The boards of directors are also responsible for overseeing the Company''s financial reporting process.

Auditor''s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor''s 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 are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users of financial statements taken on the basis of these financial statements.

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

-Identify and assess the risks of material misstatement of the 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 control.

-Identify and assess the risks of material misstatement of the 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 control.

-Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section l43(3) (i) of the Companies Act, 2013, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls system in place and the operating effectiveness of such controls

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

-Conclude on the appropriateness of management''s 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 auditor''s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion

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, related safeguards.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor''s Report) Order, 2016 (the Order) issued by the Central Government in terms of Section 143 (11) of the Act, we give in the annexure a statement on matters specified in paragraph 3 & 4 of the order, to the extent applicable.

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 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 Standalone Balance Sheet, the Statement of Profit and Loss, and the Cash Flow Statement dealt with by this Report are in agreement with the relevant books of account maintained for the purpose of preparation of the standalone financial statements.

d. In our opinion, the aforesaid consolidated financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.

e. On the basis of the written representations received from the directors as on 31-Mar-2023 taken on record by the Board of Directors, none of the directors is disqualified as on 31-Mar-2023 from being appointed as a director in terms of section 164(2) of the Act.

f. Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 ("the Act”) is attached as the annexure to this report.

g. With respect to the matters to be included in the Auditor''s Report under Section 197(16) of the Act, in our opinion, and to the best of our information and according to the explanations give to us, the remuneration paid by the Company to its directors during the year is in accordance with the provisions of section 197 read with Schedule V of the Act, and

h. With respect to the other matters to be included in the Auditor''s Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:

i. The Company does not have any pending litigations which would impact its financial position.

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.

iv). The Management has represented that, to the best of it''s knowledge and belief, other than as disclosed in the notes to the accounts, 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 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 by or on behalf of the company ("Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

v) The management has represented, that, to the best of it''s knowledge and belief, other than as disclosed in the notes to the accounts, no funds have been received by the Company from any person(s) or entity(is), including foreign entities

Place: Lucknow

Date : 20-05-2023

UDIN : 23404028BGXJBT3063

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

(vi) Based on such audit procedures that the auditor has considered reasonable and appropriate in the circumstances, nothing has come to their notice that has caused them to believe that the representations under sub-clause (i) and (ii) contain any material mis-statement.

(vii) No dividend has been declared or paid during the year by the Company.

For SETH & A SSOCIATES

Chartered Accountants FRN No 001167C

Sd/-

Dhruv Seth

(M.No404028)

Partner