Logica Infoway Ltd.की ऑडीटर रिपोर्ट

Mar 31, 2025

We have audited the financial statements of LOGICA INFOWAY LIMITED (Erstwhile
EASTERN LOGICA INFOWAY LIMITED) ("the company"), which comprise the Balance
Sheet as of March 31, 2025, and the Statement of Profit and Loss, the Cash Flow Statement for
the year then ended and notes to the financial 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 Companies Act, 2013
("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
March 31, 2025, its profit and its cash flows for the year ended on that date.

Basis_ for Opinion:

We conducted our audit by 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 Financial Statements section of our report. We are
independent of the Company by 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 provisions of the Act and the Rules thereunder, and we
have fulfilled our other ethical responsibilities by these requirements and the ICAI''s 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 financial statements.

Key Audit Matters:

Key audit matters are those matters that, in our professional judgment, were of most significance in
our audit of the consolidated financial statements of the current period. These matters were
addressed in the context of our audit of the consolidated financial statements as a whole, and in
forming our opinion thereon, and we do not provide a separate opinion on these matters. We have
determined the matter described below to be the key audit matters to be communicated in our
report.

SL No.	Key Audit Matter	Auditor''s Response
	Litigations and claims - provisions	Our key procedures included, but not limited

	and contingent liabilities	to, the following:
	Refer to note no. 2.25 to the financial	a) Assessed appropriateness of the
	statements.	Company''s accounting policies relating to provisions and contingent liability by
	The Company is involved in direct	comparing them with the applicable
	and indirect tax litigations	accounting standards;
	(''litigations'') that are pending with	b) Assessed the Company''s process and the
	different statutory authorities.	underlying controls for identification of the pending litigations and completeness for
	The level of management	financial reporting and also for monitoring
	judgement associated with	of significant developments about such
	determining the need for, and the	pending litigations;
	quantum of, provisions for any	c) Assessed the Company''s assumptions and
	liabilities arising from these	estimates in respect of litigations, including
	litigations is considered to be high.	the liabilities or provisions recognized or
	This judgement is dependent on	contingent liabilities disclosed in the
	several significant assumptions and	financial statements. This involved
	assessments which involve	assessing the probability of an
	interpreting the various applicable	unfavourable outcome of a given
	rules, regulations, and practices and	proceeding and the reliability of estimates
	considering precedents in the	of related amounts;
	various jurisdictions.	d) Performed substantive procedures on the underlying calculations supporting the
	This matter is considered a key	provisions recorded, if any;
	audit matter, in view of the	e) Assessed the management''s conclusions
	uncertainty regarding the outcome	through understanding relevant judicial
	of these litigations, the significance	precedents in similar cases and the
	of the amounts involved and the	applicable rules and regulations;
	subjectivity involved in	f) Engaged subject matter specialists to gain
	management''s judgement as to	an understanding of the current status of
	whether the amount should be	litigations and monitored changes in the
	recognized as a provision or only	disputes, if any, through discussions with
	disclosed as contingent liability in	the management and by reading external
	the consolidated financial	advice received by the Company, where
	statements.	relevant, to validate management''s conclusions; and
	The Company has material	g) Assessed the appropriateness of the
	uncertain tax positions including	Company''s description of the accounting
	matters under dispute which	policy, disclosures related to litigations and
	involve significant judgment to	whether these are adequately presented in
	determine the possible outcome of	the consolidated financial statements.
	these disputes.	h) About Note No. 2.25 to the Annual Financial Statements, point no. 13, where DGGI Investigation was held in respect of, the availment of fraudulent Input Tax Credit, regarding which the company was forced to make an upfront payment of ^500.00/ - Lacs. However, as per the Management, the Company is not liable to

pay the same and writ petition has been filed before Hon''ble High Court of Delhi.

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

The Company''s Board of Directors is responsible for the other information. The other
information comprises the information included in the Annual report but does not include the
financial statements and our auditor''s report thereon.

Our opinion on the 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 financial statements, our responsibility is to read the other
information and, in doing so, consider whether such other information is materially inconsistent
with the financial statements or our knowledge obtained in the 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.

Responsibilities of Management Governance for the Standalone Financial Statements:

The Company''s Board of Directors is responsible for the matters stated in Section 134(5) of the
Companies Act, 2013 concerning the preparation of these financial statements that give a true
and fair view of the financial position, and financial performance of the Company by the
accounting principles generally accepted in India, including the Accounting Standards specified
under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules,2015.

This responsibility also includes maintenance of adequate accounting records by the provisions
of the Act for safeguarding 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 statements 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
concerned 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 Board of Directors is also responsible for overseeing the Company''s financial reporting
process.

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 by 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 based on these financial statements.

As part of an audit by SAs, we exercise professional judgment and maintain professional
skepticism 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.

• Obtain an understanding of internal control relevant to the audit 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 an 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. 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 financial statements,
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 evaluating the results of our work: and (ii)

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.

From the matters communicated with those charged with governance, we determine those
matters that were of most significance in the audit of the financial statements of the current
period and are therefore the key audit matters. We describe these matters in our auditor''s report
unless law or regulation precludes public disclosure about the matter or when, in extremely rare
circumstances, we determine that a matter should not be communicated in our report because
the adverse consequences of doing so would reasonably be expected to outweigh the public
interest benefits of such communication.

Report on Other Legal and Regulatory Requirements:

1. As required by the Companies (Auditor''s Report) Order, 2020 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" statement on the matters specified in paragraph 3 and
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 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 Cash Flow Statement
dealt with by this Report agree with the books of accounts.

(d) In our opinion the aforesaid financial statements comply with Accounting
Standards specified under section 133 of the Act, read with Rule 7 of the
Companies (Accounts) Rules,2015.

(e) Based on written representations received from the directors as of March 31,
2025, taken on record by the Board of Directors, none of the directors is
disqualified as of March 31, 2025, from being appointed as a director in terms of
Section 164(2) of the Act.

(f) Concerning the adequacy of the internal financial controls over financing
reporting of the company and the operating effectiveness of such controls, refer
to our separate report in "Annexure B"

(g) In our opinion, the managerial remuneration for the year ended March 31, 2025,

has been paid/provided by the Company to its directors by the provisions of
Section 197 read with Schedule V to the Act;

(h) Concerning the other matters to be included in the Auditor''s Report by 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 has disclosed the impact of pending litigations on its
financial position in its standalone financial statements - Refer to Note
2.25 to the financial statements.

ii) The Company does not have any long-term contracts requiring a
provision for material foreseeable losses.

iii) The Company does not have any amounts required to be transferred to
the Investor Education and Protection Fund.

iv)

(a) The management has represented that, to the best of its knowledge and
belief, other than as disclosed in the notes to the accounts, no funds
have been advanced loaned or invested by the company to or in any
other person(s) 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 by or on behalf of the
company ("Ultimate Beneficiaries") or provide any guarantee, security
or the like on behalf of the Ultimate Beneficiaries;

(b) The management has represented, that, to the best of its 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(ies),
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

(c) Based on such audit procedures that were 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) contain any material misstatement;

v) The company has not declared or paid any dividend during the year.

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. Further, during our audit, we did not come across any
instance of the audit trail feature being tampered with.

For R. Rampuria & Company

Chartered Accountants

Firm Reg No. 325211E

Sd/-

(Rajendra Rampuria)

Partner

Mem No. 108771

Place: Kolkata

Date: 30.05.2025

UDIN: 25108771BMLAPN9855

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Mar 31, 2024

LOGICA 1NFOVVAY LIMITED (Erstwhile EASTERN LOG1CA INFOWAY LIMITED),

Report on the Audit of the Standalone Financial Statements:

Opinion:

We have audited the financial statements of LOGICA INFOWAY LIMITED (Erstwhile EASTERN LOGICA INFOWAY LIMIT ED) ("the company"), which comprise the Balance Sheet as at March 31, 2024, and the Statement of Profit and Loss, the Cash Flow Statement for the year then ended, and notes to the financial 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 Companies Act, 2013 ("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 March 31, 2024, its profit 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 ("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 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 standalone financial statements under the provisions of the Act and tire Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI''s Code of Ethics. We believe tlrat the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the financial statements.

Ken Audit Matters:

Key audit matters are those matters tlrat, in our professional judgment, were of most significance in our audit of the consolidated financial statements of the current period. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. We have determined tire matter described below to be the key audit matters to be communicated in our report.

SI No.	Key Audit Matter	Auditor''s Response
	Litigations and claims -	Our key procedures included, but not
	provisions and contingent liabilities	limited to, the following:
	Refer note no. 2.25 to the	a) Assessed the appropriateness
	consolidated financial statements.	of the Company''s accounting policies relating to provisions and
	The Company is involved in	contingent liability by comparing
	direct and indirect tax litigations	with the applicable accounting
	(''litigations'') that arc pending	standards;
	with different statutory	b) Assessed the Company''s
	authorities.	process and the underlying controls for identification of the pending
	The level of management	litigations and completeness for
	judgement associated with	financial reporting and also for
	determining the need for, and the	monitoring of significant
	quantum of, provisions for any	developments in relation to such
	liabilities arising from these	pending litigations;
	litigations is considered to be	c) Assessed the Company''s
	high. This judgement is	assumptions and estimates in
	dependent on a number of	respect of litigations, including the
	significant assumptions and	liabilities or provisions recognized
	assessments which involves	or contingent liabilities disclosed in
	interpreting the various	the financial statements. This
	applicable rules, regulations,	involved assessing he probability of
	practices and considering	an unfavourable outcome of a given
	precedents in the various	proceeding and the reliability of
	jurisdictions.	estimates of related amounts; d) Performed substantive
	This matter is considered as a	procedures on the underlying
	key audit matter, in view of the	calculations supporting the
	uncertainty regarding the	provisions recorded, if any;
	outcome of these litigations, the	e) Assessed the management''s
	significance of the amounts	conclusions through understanding
	involved and the subjectivity	relevant judicial precedents in
	involved in management''s	similar cases and the applicable
	judgement as to whether the	rules and regulations;
	amount should be recognized as	f) Engaged subject matter
	a provision or only disclosed as	specialists to gain an understanding
	contingent Lability in the	of the current status of litigations
	consolidated financial statements.	and monitored changes in the '' disputes, if any, through discussions
	The Company has material	with the management and by

	uncertain tax positions including	reading external advice received by
	matters under dispute which	the Company, where relevant, to
	involves significant judgment to	validate management''s conclusions;
	determine the possible outcome	and
	of these disputes.	g) Assessed the appropriateness of the Company''s description of the accounting policy, disclosures related to litigations and whether these are adequately presented in the consolidated financial statements.

Information Other than the Financial Statements ami Auditor''s Report Thereon

The Company''s Board of Directors is responsible for the other information. The other information comprises the information included in the Annual report, but does not include the financial statements and our auditor''s report thereon.

Our opinion on the 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 financial statements, our responsibility is to read the other information and, in doing so, consider whether such other information is materially inconsistent with the financial statements or our knowledge obtained in the 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.

Respionsibilities of Management anil Those Charged with Governance for the Standalone Financial Statetnents:

The Company''s Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 with respect to the preparation of these financial statements that give a true and fair view of the financial position, financial performance of tine Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2015.

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 statements 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 Board of Directors is 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 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:

• Identify and assess the risks of material misstatement of tire 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 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 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. Our conclusions are based on the audit evidence obtained up to the date ot 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 financial statements, 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 evaluation 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.

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of tire financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor''s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

Report on Other Lepal and Regulatory Requirements:

1 As required by the Companies (Auditor''s Report) Order, 2020 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" statement on the matters specified in paragraph 3 and 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 purpose 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, the Cash Flow Statement dealt with by this Report are in agreement with the books of accounts.

(d) In our opinion the aforesaid financial statements comply with Accounting Standards specified under section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2015.

(e) On the basis of written representations received from the directors as on March 31, 2024 taken on record by the Board of Directors, none of the directors is disqualified as on March 31, 2024 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 controls over financing reporting of the company and the operating effectiveness of such controls, refer to our separate report in "Annexure B"<

(g) In our opinion, the managerial remuneration for the year ended March 31, 2024 has been paid/provided by the Company to its directors in accordance with the provisions of Section 197 read with Schedule V to the Act;

(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 has disclosed the impact of pending litigations on its financial position in its standalone financial statements - Refer Note 2.25 to the financial statements.

ii) The Company does not have any long-term contracts requiring a provision for material foreseeable losses.

iii) The Company does not have any amounts required to be transferred to the Investor Education and Protection Fund.

iv)

(a) The management has represented that, to tire best of its knowledge and belief, other than as disclosed in the notes to tire accounts, no funds have been advanced or loaned or invested by the company to or in any other person(s) or entities, including foreign entities ("Intermediaries"), with tire 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 by or on behalf of the company ("Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;

(b) The management has represented, that, to the best of its 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(ies), 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

(c) Based on such audit procedures that were 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) contain any material misstatement;

v) As proviso to rule 3(1) of the Companies (Accounts) Rules, 2014 is applicable for the company only w.e.f. April 1, 2024, reporting under this clause is not applicable;

vi) The company has not declared or paid any dividend during the year.

vii) 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.

For R. Rampuria & Company Chartered Accountants Firm Reg No. 325211E

(Rajendra Rampuria)

Partner

Mem No. 108771

Place: Kolkata Date: 30.05.2024

UDIN: 24108771BKBHLA8910