ಅಡಿಟರ್ಸ್ ರಿಪೋರ್ಟ್Divine Hira Jewellers Ltd.

Mar 31, 2025

DIVINE HIRA JEWELLERS LIMITED Report on the Audit of the Financial Statements

Opinion

1.    We have audited the accompanying financial statements cf DIVINE HIRA JEWELLERS LIMITED (’the Company’), which comprise the Balance Sheet as at 31 March 2025, the Statement of Profit and Loss, the Statement of Cash F ow and or the period then ended, and notes to the financial statements, including a summary of the sign'ficant accounting policies and ctner explanatory information.

2.    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 reauired and give a true and fair view in conformity with the accounting principles generally accepted in India including Accounting Standards specified under section 133 of the Act, of the state of affairs of the Company as at 3' March 2025. and its profit, its cash flows for the oeriod ended on that date.

Basis for Opinion

3.    Wo conducted our aucit in accordance with the Standa'cs on Auditing specimen under section 143(10) of the Act. Our responsibilities under those standards are further described in tne Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are independent cf tne Compary in accordance with the Ccce of Ethics ^:ssued by the Institute of Chartered Accountants of Incia ('ICAI') together with the ethical requirements that arc relevant to our a jdit of the financial statements under the provisions of the Act and the rules thereunder, er.d we hove fulfilled our other cthica responsibilities In accordance with those requirements and the Code of Ethics. We bel’eve that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Key Audit Matter

4.    Key audit matters are those matters that, r our professional judgment, were of most significance in our audit of the financial statements of the current period. Ihese matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a sensrate opinion on these matters.

Information other than the Financial Statements and Auditor’s Report thereon

The Company's Board of Directors are responsible for the other rfo^rmation. The other information comprises the information included in the Annual Report, but does not includethe financial statements and our auditor's report the^reon.

Our opinion on the financial statements does not cove' the ctner information and we do not express any form of assurance conclusion thereon.

In connection with our aud^:t of the financial statements, cur responsibility is to read the other information and, in doing so. consider whether the other information is materia ly inconsistent with the financ'al statements or our knowledge ootained in the audit or otherwise appears to be materially misstated. If, based on the wo'k we have performed, we conclude that there is a material misstatement of this other information, we are required to report tnat ¦‘act. We have nothing to report in this regard.

Responsibilities of Management for the Financial Statements

5.    The accompanying financial statements nave been aoprovec by the Company's Boaro of Directors. The Company's Board of Directors are responsible for the matters stated in sectipn 134(5) of the Act with respect to tne preparation and presentation 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 standards specified uncer section 133 cf the Ac: anc other accounting principles generally accepted in India. This responsibility also includes maintenance of adequate accounting records n accordance with the provisions of the Act for safeguarding of the assets of the Company anc fer preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reascnaole and prudent; and design, implementation and maintenance of adequate internal financial controls, tnat were ooerating effectively fo' 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, wnether due to fraud or error.

6.    In preparing the financial statements, the Goarc cf Directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matte's related to going concern and using the going concern basis of accounting unless the Board of Directors either intend to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

7.    Those 8oard of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Financial Statements

8.    Our objectives are to obtain reasonab e assurance about whether the financia statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report teat includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an aud't conducted in accordance with Stancards on Auditing will always detect a material misstatement when it exists. Misstatements can ar se from fraud or error and are considered material if. individually or in the aggregate, they could reasonaoly be expected to influence the economic decisions of use's taken on the basis of these financial statements.

9.    As part of an audit in accordance with Standards on Aud ting, specified under section 143(10) of the Act we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

•    Identify and assess the risks of material misstatement of tne financia statements, whetner due tc fraud or error, design and perform audit procedures responsive to those risks, and obtain a jdit evidence that is sufficient and appropriate to prov'de a basis for our opinion. I he risk of not detecting a mater al misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional emissions, misrepresentations, or the overr de of internal control;

•    Obtain an understanding of interna 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 express rg 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;

•    Evaluate the appropriateness cf accounting po icies used and the reasonab eness of accounting estimates and related disclosures made by management;

•    Conclude or the appropriateness of Board of Directors' use of tne going concern oasis of accounting and. based on the audit evidence obtaineo. whether a material uncertainty exists related to everts or conditions tnat may cast s^rgnificent doubt on the Company’s ability to continue as a going concern, f we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related oisclosu-es in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evicerce obtained up to the date of our auditor's reoort. 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 ano events in a manner that achieves fair presentation;

10.    We communicate with Uca'd of Directors regarding, among other matters, the plannee scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify curing our audit.

Report on Other Legal and Regulatory Requirements

As required by section 19/(16) of the Act based on our audit, we reoort that the Company has paid remuneration to tsd^:rectors during the period in accordance with the provisions of and limits la d down under section 19/ read with Schedule V to the Act.

11.    As required by the Companies (Auditor's Report) Oder, 2020 ('the Order’) issued by the Central Government of Indie in terms of section 143(11) of the Act we give in the Annexure A a statement on the matters specified in paragraphs 3 and 4 of the Order, to the extent applicable.

12.    Turther to our comments in Annexure A. as requirec by section *43(3) of the Act based or our audit, we report, to the extent applicable, that:

a) We hBve sought and obtained all the information and explanations which to the nest of our knowledge and belief were necessary for the purpose of our audit of the accompanying financial statements;

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

c) The financial statements dealt with oythis report are in agreement withthe boo-

d) ln our opinion, the aforesaid financial statements comply with Accounting Stancards specified under section 133 of the Act;

e) On the basis of the written representations received from the cirectors and 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 !r terms of section 164(2) of the Act;

f) With respect to the adequacy of the internal financ'al controls with reference to financial statements of the Company as on 31 March 2025 and the operating effectiveness of such controls, refer to our seoarate Report in Annexure 3 wherein we have expressed anunmodified opinion;

g) With respect to the other matters to be included in tne Aucltor’s Report in accordance with rule 11 of the Comoanies (Audit and Auditors) Rules. 2021 (as amended), ir our opinion and tothe best o* our information and according tc the explanations given to us:

i. The Company does not have ary pending litigation which woulc impact its financial position as at 31 March 2025:

ii.    The Company did not have any long-te'm contracts inducing derivat've contracts for which there we^re any materia! foreseeable losses as at 31 March 2025;

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.    (a)The management has represented that, to the best of its Knowledge and belief, no "unds have been advanced or loaned or invested (either from borrowed funds o' securities premium or any other sources or kind of f jnds) by the Company to or in any person or entity, including foreign entities ('the intermediar'es’}, with the understanding, whether recorded in writing or otherwise, that the intermediary shall, whether, directly or indirectly lend or rvest in other persons or entities identified in any manner whatsoever by or on behalf of the Company ('the Ultimate Beneficiaries') or provide any guarantee, security or the like on behalf the Ultimate Beneficiaries;

(b) The management has represented that, to the oest of ts Knowledge and belief, no funds have been received by the Company from any person or entity, including foreign entities ('the Funding Parties'), with the understanding, whether recorded in writing or otherwise, that the Company shall, whethe' directly or indirectly, lend or invest r other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party ('Ultimate Benefioar'es') o^r orcvide any guarantee, security or the like on behalf of the Ultimate Beneficiaries; and

(c)    Based on such audit procedures performed as conside'ed reasonable and appropriate in the circumstances, nothing has come to our notice that has caused us to believe that the management representations under sub-clauses (a) and (b) above contain any materiel misstatement.

v.    I he Company has not declared o' paid any dividend during the oeriod ended 6‘ March 2025.

vi.    Based on our examination which inc uded test checks, the company had jsed an accounting software for maintaining its books of accounts which has a feature of recording aud't trial (ed't leg) ^aci ity anc the same has operated throughout the period for all relevant transactions recorded in the software. Furthermore, during the course of our audit, we did net encounter any instances of the audit trial feature being tampered with.

For M/s Muchhal & Gupta Chartered Accountants Firm's Registration No.: 004423C

Vaibhav Mandhana Partner

Membership No.: 142514 UDIN:25142514BMIBVC8108 Date: 29-05-2025