Declaration & Document Details

Independent Auditor's Report Summary

Auditor: Kumar & Giri, Chartered Accountants (FRN: 0001584S)

Report Date: 06th May, 2026

UDIN: 26025480LYDXSB5930

Opinion: The auditor issued an unmodified opinion, stating that the standalone financial statements give a true and fair view of the company's state of affairs as of 31st March, 2026, and its profit/loss and cash flows for the year ended on that date. The audit was conducted in accordance with the Standards on Auditing (SAs).

Other Legal and Regulatory Requirements:

  • The company is regular in depositing undisputed statutory dues including GST, provident fund, income-tax, etc. There were no outstanding statutory dues for more than six months as of 31st March, 2026.
  • The company has no pending litigations which would impact its financial position.
  • The company did not have any long-term contracts, including derivative contracts, with material foreseeable losses.
  • No amounts were required to be transferred to the Investor Education and Protection Fund.
  • Management provided representations confirming no funds were advanced/loaned/invested to intermediaries for the benefit of ultimate beneficiaries, and no such funds were received from funding parties.
  • No dividend was declared or paid during the year.
  • The company used accounting software with an audit trail (edit log) facility that operated throughout the year without any instance of tampering.

Annexure A to Auditor's Report (CARO 2020)

Key findings from the annexure to the auditor's report under the Companies (Auditor's Report) Order, 2020:

(i) Property, Plant and Equipment (PPE):

  • The company is in the process of uploading proper records for PPE.
  • The company has no intangible assets.
  • PPE was physically verified by management at year-end with no material discrepancies.
  • Title deeds of all immovable properties are held in the company's name.
  • The company has not revalued its PPE or intangible assets during the year.
  • No proceedings under the Benami Transactions Act are pending against the company.

(ii) Inventory:

  • Physical verification of inventory was conducted by management at year-end. No discrepancies of 10% or more were noticed.
  • The company has not been sanctioned working capital limits in excess of five crore rupees from banks/financial institutions.

(iii) Loans & Investments:

  • The company has not made any investments, provided guarantees, or granted any loans/advances to companies, firms, LLPs, or other parties during the year.

(iv) Compliance with Sections 185 & 186:

  • Provisions have been complied with, except for the non-charging of interest on a loan.

(v) Deposits:

  • The company has not accepted any deposits under Sections 73 to 76 of the Companies Act, except for unsecured loans from related parties.

(vi) Cost Records:

  • Maintenance of cost records has not been specified by the Central Government for the company.

(vii) Statutory Dues:

  • The company is regular in depositing undisputed statutory dues. No outstanding dues were older than six months as of 31st March, 2026.
  • There are no disputed dues of Income Tax or GST that have not been deposited.

(viii) Unrecorded Income:

  • The company has not surrendered or disclosed any previously unrecorded transactions as income in tax assessments.

(ix) Borrowings:

  • The company has not defaulted in repayment of loans or interest to any lender.
  • The company has not been declared a willful defaulter.
  • Term loans obtained during the year were used for their intended purposes.
  • No funds raised on a short-term basis were used for long-term purposes.
  • The company holds no investments in any subsidiary, associate, or joint venture.

(x) Public Offers & Allotments:

  • Money raised by public offer was applied for the purposes for which it was raised.
  • The company did not make any preferential allotment or private placement of shares or debentures during the year.

(xi) Fraud:

  • No fraud by the company or on the company was noticed or reported during the audit.
  • No report under section 143(12) was filed in Form ADT-4.
  • No whistle-blower complaints were received by the company.

(xii) Nidhi Company:

  • The company is not a Nidhi Company.

(xiii) Related Party Transactions:

  • All transactions with related parties are in compliance with Sections 177 and 188 of the Companies Act, and details are disclosed in the financial statements.

(xiv) Internal Audit:

  • The company's internal audit system needs to be strengthened to be commensurate with its size and nature of business.
  • No internal audit was conducted for the company during the year.

(xv) Non-cash Transactions:

  • The company has not entered into any non-cash transactions with directors or connected persons.

(xvi) RBI Registration:

  • The company is not required to be registered under the RBI Act, 1934. It has not conducted any NBFC or HFC activities and is not a Core Investment Company (CIC).

(xvii) Cash Losses:

  • The company has not incurred cash losses in the current or immediately preceding financial year.

(xviii) Resignation of Statutory Auditors:

  • There has been no resignation of the statutory auditors during the year.

(xix) Liquidity:

  • Based on financial ratios and management plans, no material uncertainty exists regarding the company's ability to meet its liabilities as they fall due within one year from the balance sheet date.

(xx) Corporate Social Responsibility (CSR):

  • For the financial year 2025-26, an unspent CSR amount of ₹11,23,759 (pertaining to activities other than ongoing projects) was not transferred to a fund specified in Schedule VII of the Companies Act within the mandated period of six months from the end of the financial year.

(xxi) Consolidated Financial Statements:

  • The company is not required to prepare consolidated financial statements.

Annexure B - Report on Internal Financial Controls

Opinion: The auditor opined that the company has, in all material respects, an adequate internal financial controls system over financial reporting and that such controls were operating effectively as of March 31, 2026.