ಅಡಿಟರ್ಸ್ ರಿಪೋರ್ಟ್Technocraft Ventures Ltd.

We have audited the standalone financial statements of TECHNOCRAFT VENTURES LIMITED (“the Company”),
which comprise the Standalone Balance Sheet as at March 31, 2026, the Standalone Statement of Profit and Loss
(including other comprehensive loss), Standalone Statement of change in Equity and the Standalone Statement of
Cash Flows for the year then ended and notes to standalone financial statements including a summary of the
significant accounting policies and other explanatory information.

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid
standalone financial statements give the information required by the Companies Act, 2013 (“the Act”) in the
manner so required and give a true and fair view in conformity with the Indian accounting standards prescribed
under section 133 of the act read with companies (Indian Accounting Standards) Rules 2015,as amended (Ind AS)
and other accounting principles generally accepted in India, of the state of affairs of the Company as at 31 March
2026, and its profit and other comprehensive loss, changes in equity and its cash flows and the change in equity for
the year ended on that date.

BASIS OF OPINION

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Section 143(10) of the
Act. Our responsibilities under those SAs are further described in the Auditor''s Responsibilities for the Audit of the
Standalone Financial Statements section of our report. We are independent of the Company in accordance with
the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements
that are relevant to our audit of the standalone financial statements 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
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 statements.

KEY AUDIT MATTERS

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

OTHER INFORMATION

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

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

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

MANAGEMENT''S RESPONSIBILITY FOR THE STANDALONE FINANCIAL STATEMENTS

The Management and Board of Directors of the Company are 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 including other comprehensive loss and
cash flows of the Company in accordance with the accounting principles generally accepted in India, including the
Indian Accounting Standards (Ind AS) 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 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; design, implementation and maintenance of adequate internal financial controls, that
are operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the
preparation and presentation of the standalone financial statements that give a true and fair view and are free
from material misstatement, whether due to fraud or error.

In preparing the standalone financial statements, the Management and Board of Directors are responsible for
assessing the Company''s ability to continue as a going concern, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate
the Company or to cease operations, or has no realistic alternative but to do so. The Board of Directors is also
responsible for overseeing the Company''s financial reporting process.

AUDITOR''S RESPONSIBILITY FOR THE AUDIT OF STANDALONE FINANCIAL STATEMENT.

Our objectives are to obtain reasonable assurance about whether the standalone financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an 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 statements. We
conducted our audit in accordance with the Standards on Auditing specified under Section 143(10) of the Act. Those

Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable
assurance about whether standalone financial statements are free from material misstatement.

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 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 financial control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also
responsible for expressing our opinion on whether the Company has 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 the 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 standalone financial statements or, if such disclosures are inadequate, to
modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our
auditor''s report. However, future events or conditions may cause the Company to cease to continue as a
going concern.

• Evaluate the overall presentation, structure and content of the standalone financial statements, including
the disclosures, and whether the standalone financial statements represent the underlying transactions
and events in a manner that achieves fair presentation.

Materiality is the magnitude of misstatements in the standalone financial statements that, individually or in
aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the standalone
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 standalone 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 the standalone 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 (“the Order”) issued by the Central
Government of India 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.

2. As required by section 143(3) of the Act, based on our report, 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
appears from our examination of those books;

c) The company doesn''t have any branch office, the accounts of which have been audited by person other
than company''s auditor under section 143(8) of the Companies Act 2013. Hence clause (c) of section 143
(3) does not apply to the company.

d) The Standalone Balance Sheet, the Standalone Statement of Profit and Loss (including other
comprehensive loss), the Standalone Statement of Change in Equity, the Standalone Statement of Cash
Flows dealt with by this report are in agreement with books of accounts.

e) In our opinion, the aforesaid standalone financial statements comply with the Ind AS specified under
Section 133 of the Act, read with Companies (Indian Accounting Standards) Rules, 2015, as amended;

f) There are no observations or comments on the financial transactions or matters which have an adverse
effect on the functioning of the company.

g) On the basis of written representations received from the directors as on March 31, 2026 taken on record
by the Board of Directors, none of the directors is disqualified as on March 31, 2026 from being appointed
as a director in terms of Section 164(2) of the Act;

h) There are no qualifications, reservations or adverse remark relating to maintenance of accounts and other
matters connected therewith.

i) With respect to the adequacy of the internal financial controls over financial reporting of the company and
the operating effectiveness of the Company''s internal financial controls, refer to ''''Annexure B ''''.

j) With respect to the other matters to be included in the Auditor''s Report in accordance with requirements
of section 197(16) of the Act, as amended, in our opinion and to the best of our information and according

to the explanation 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.

k) 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, as amended in our opinion and to the best of our information
and according to the explanations given to us:

a. The Company has disclosed the impact of pending litigations on its financial position in its
Standalone Financial Statements. (See Note No 33 of Standalone Financial Statements)

b. The Company did not have any long-term contracts including derivative contracts; as such the
question of commenting on any material foreseeable losses thereon does not arise.

c. There has been no delay in transferring amounts, required to be transferred, to the Investor
Education and Protection Fund by the company.

d. Omitted

e. (a) The Management has represented that, to the best of its knowledge and belief, no funds have
been advanced or loaned or invested except joint ventures (either from borrowed funds or share
premium or any other sources or kind of Funds) by the company to or to any other persons or
entities including foreign entities with the understanding whether recorded in writing or
otherwise, that the intermediary shall, directly or indirectly lend or invest in other persons or
entities identified in any manner whatsoever by or on behalf of the company 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, that no funds
have been received by the company from any persons or entity including foreign entities with
the understanding, whether recorded in writing or otherwise, that the company shall directly or
indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or
on behalf of the funding Party or provide any guarantee, security or the like on behalf of the
Ultimate Beneficiaries.

(c) Based on the audit procedures performed that have been considered reasonable and
appropriate in the circumstances, nothing has come to our notice that caused us to believe that
the representations under sub-clause (i) and (ii) of Rule 11(e), as provided under sub clause (a)
and (b) contain any material misstatement.

f. The Board of Directors of the Company have not declared or paid any dividend during the year as
per section 123 of the Companies Act 2013.

g. Based on our examination which included test checks, the Company has used accounting
software for maintaining its books of account, which have a feature of recording audit trail (edit
log) facility for all relevant transactions recorded in the respective software.

Further, for the periods where audit trail (edit log) facility was enabled, we did not come across
any instance of the audit trail feature being tampered with.

For Rishi Kapoor & Company
Chartered Accountants
FRNo. 006615C

Place: Noida
Date : 01.07.2026

(Jyoti Arora)
Partner
M.No.455362