INDEPENDENT AUDITOR'S REPORT ON REVIEW OF UNAUDITED STANDALONE FINANCIAL RESULTS

Nature of Disclosure: Independent auditor's review report on unaudited standalone financial results pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Reporting Period: Half-year ended September 30, 2026

Auditor Details: Kumar and Giri, Chartered Accountants (Firm Registration No: 0015845), represented by Partner J Bhadra Kumar (Membership No.: 025480).

Review Standards: Conducted in accordance with Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India.

Scope of Review: The review provides moderate assurance that the financial results are free from material misstatement. The review consisted of making inquiries primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. This is substantially less in scope than a full audit.

Auditor's Conclusion: Based on the review, nothing has come to the auditor's attention that causes them to believe that the accompanying Statement has not disclosed the information required to be disclosed in terms of the Regulation, or that it contains any material misstatement.

Comparative Figures: The Statement includes results for the half-year ended September 30, 2026, with comparative figures for:

  • Half-year ended March 31, 2026
  • Half-year ended September 30, 2025
  • Year ended March 31, 2026

The comparative figures for the year ended March 31, 2026 were audited by the same auditor, while the half-year figures were reviewed.

Accounting Framework: The financial results have been prepared in accordance with:

  • Recognition and measurement principles laid down in applicable Accounting Standards specified under Section 133 of the Companies Act, 2013, as amended
  • Relevant rules issued under the Companies Act, 2013
  • Other accounting principles generally accepted in India
  • Compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Responsibility: The Statement is the responsibility of the Company's Management and has been approved by the Company's Board of Directors.

Note: The actual financial results statement containing numerical data is referenced as being attached but is not included in this document.