Mount Housing and Infrastructure Ltd.की ऑडीटर रिपोर्ट

Mar 31, 2025

We have audited the accompanying Statement of Quarterly and Year to Date Standalone
Financial Results of MOUNT HOUSING AND INFRASTRUCTURE LIMITED ("the
Company") for the quarter and year ended 31^s1 March.2025 being submitted by the Company
pursuant to the requirement of Regulation 33 of the SHB1 (Listing Obligations and Disclosure
Requirements) Regulations. 2015. as amended ("the Listing Regulations").

In our opinion and to the best of our information and according to the explanations given to us.
the Standalone Financial Results for the Year ended 31''¹ March. 2025:

i. Is presented in accordance with the requirements of Regulation 33 of the Listing
Regulations in this regard: and

ii. Gives a true and fair view in conformity with the recognition and measurement
principles laid down in the Indian 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 year then ended.

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 ("the Act"). Our responsibilities under those
Standards are further described in the Auditor''s Responsibilities tor the Audit of Standalone
Financials results section below. We are independent of the Company in accordance with the
Code of Ethics issued by the Institute of Chartered Accountants of India ("the 1CAI") together
with the ethical requirements that are relevant to our audit of the Standalone financial Results
for the year ended 31''¹ March. 2025 under the provisions of the Act and the Rules thereunder,
and we have fulfilled our other ethical responsibilities in accordance with these requirements
and the ICAFs Code of Ethics. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our opinion.

Responsibilities of the Management and Board of Directors for this Statement

This accompanying Statement which includes the Standalone Financials Results for the year
ended 31^sl March. 2025 is the responsibility of the Company''s Board of Directors and has been
approved by them for issuance. The Standalone Financial Results for the year ended 31^st
March. 2025 has been compiled from the related audited standalone financial statements. This
responsibility includes the preparation and presentation of the Standalone Financial Results for
the quarter and year ended 31^st March, 2025 that gives true and fair view of the net profit/loss
and other comprehensive income and other financial information in accordance with the
recognition and measurement principles laid down in Indian Accounting Standard 34. ‘Interim
Financial Reporting'' prescribed under Section 133 of the Act read with relevant rules issued
thereunder and other accounting principles general!) accepted in India and in compliance with
Regulation 33 of the Listing Regulations. 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 results that give a true and fair view and are free from material
misstatement, whether due to fraud or error.

In preparing the Statement, the Board of Directors are responsible for assessing the 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 cither
intends to liquidate the Company or to cease operations, or has no realistic alternative but to
do so.

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

Auditor’s Responsibilities for the Audit of the Standalone Financial Results for the year
ended 31^st March, 2025

Our objectives are to obtain reasonable assurance about whether the standalone financial results
for the year ended 3I^st March. 2025 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 Annual Standalone Financial Results.

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

• Identify and assess the risks of material misstatement of the Annual Standalone Financial
Results, whether due to fraud or error, design and 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, but not for the purpose of expressing
an opinion on the effectiveness of the company "s internal control.

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

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

• Conclude on the appropriateness of the Board of Directors'' use of the going concern basis
of accounting and. based on the audit evidence obtained, whether a material uncertainty
exists related to events or conditions that may cast significant doubt on the 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
Annual 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.

• Evaluate the overall presentation, structure and content of the Annual Standalone Financial
Results, including the disclosures, and whether the Annual Standalone 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, related safeguards.

Other Matter

The Statement includes the results for the quarter ended 31^s1 March. 2025 being the balancing
figures between the audited figures in respect of the full financial year and the published
unaudited year to date figures up to the third quarter of the current financial year which were
subject to limited review by us. as required under the Listing Regulation. Our opinion on the
Audit of the Standalone Financials Results for the year ended 31^st March. 2025 is not modified
in respect of this matter.

For RAJA & RAMAN

Place: Coimbatore chartered accountants

FRN 003382S

Date: 30.05.2025

UDIN: 25255275BMKNBZ5852

M.No:255275 .

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Mar 31, 2024

We have audited the accompanying standalone quarterly financial results of MOUNT
HOUSING AND INFRASTRUCTURE LIMITED (the company) for the quarter ended March
31,2024 and the year ended March 31,2024 attached herewith, being submitted by the company
pursuant to the requirement of Regulation 33 of the 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 Statement:

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

ii. Gives 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 quarter ended March 31, 2024.

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 (the Act). 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 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.

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

These standalone financial results have been prepared on the basis of the annual
standalone financial statements.

The Company’s Board of Directors are responsible for the preparation of these financial
results that give a true and fair view of the net profit/loss and other comprehensive income and
other financial information in accordance with the recognition and measurement principles laid
down in Indian Accounting Standard 34, ‘Interim Financial Reporting’ prescribed under Section
133 of the Act read with relevant rules issued thereunder and other accounting principles
generally accepted in India and in compliance with Regulation 33 of the Listing Regulations.
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 results that give a true and fair view and
are free from material misstatement, whether due to fraud or error.

In preparing the standalone financial results, 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
alternative but to do so.

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

Auditor’s Responsibilities for the Audit of the Standalone Financial Results

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 standalone financial results.

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

• Identify and assess the risks of material misstatement of the 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.

• Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the company’s internal control.

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

• Conclude on the appropriateness of the Board of Directors’ use of the going concern
basis of accounting and, based on the audit evidence obtained, whether a material
uncertainty exists related to events or conditions that may cast significant doubt on the
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 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.

• Evaluate the overall presentation, structure and content of the standalone financial results,
including the disclosures, and whether the 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, related safeguards.

Other Matter

The Statement Includes the results for the quarter ended March 31, 2024 being the
balancing figures between the audited figures in respect of the full financial year ended 31, 2024
and the published unaudited year to date figures up to the third quarter of the current financial
year whichever subject to limited review by us required under the Listing Regulation.

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 A. 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 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;

(d) In our opinion, the aforesaid 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 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 financial reporting of the
Company and the operating effectiveness of such controls, refer to our separate report in
“Annexure B”. Our report expresses an unmodified opinion on the adequacy and operating
effectiveness of the Company’s internal financial controls over financial reporting;

B. 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;

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

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

c. There were no amounts required to be transferred to the Investors’ Education and Protection
Fund.

d. Based on our examination which included test checks, performed by us on the Company
incorporated in India, have used accounting software for maintaining their respective books of
account for the financial year ended March 31, 2024 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 audit, we have not come across any
instance of the audit trail feature being tampered with.

Place: Coimbatore

Date: 30.05.2024

UDIN: 24018755BKALQY1333