Auditor Report of Euro Pratik Sales Ltd.

We have audited the accompanying Standalone financial
statements of Euro Pratik Sales Limited ( Formerly known
as Euro Pratik Sales Private Limited) ("the Company”), which
comprise the Standalone Balance sheet as at March 31,
2026, the Standalone Statement of Profit and Loss (including
Other Comprehensive Income), the Standalone Statement
of Changes in Equity and the Statement of Cash Flows for
the year ended March 31, 2026 and notes to the standalone
financial statements, including a summary of material
accounting policies and other explanatory information
(herein referred to as "Standalone financial statements”).

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 the Companies (Indian
Accounting Standards) Rules, 2015, as amended ("Ind AS”)
and accounting principles generally accepted in India, of the
state of affairs of the Company as at March 31, 2026, its profit
and other comprehensive income, changes in equity and its
cash flows for the year ended on that date.

Basis for Opinion

We conducted our audit ofthe Standalone financial statements
in accordance with the Standards on Auditing (SAs) specified
under section 143(10) of the Act. Our responsibilities under
those Standards 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 ('' ICAI'')
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.

Key Audit Matters

Key audit matters are those matters that, in our professional
judgment, were of most significance in our audit of the
financial statements of the current period. These matters
were addressed in the context of our audit of the financial
statements as a whole, and in forming our opinion thereon,
we do not provide a separate opinion on these matters. We
have determined the matters described below to be the key
audit matters to be communicated in our report

Other Information

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

Our opinion on the financial statements does not cover
the other information and we do 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 financial statements or our
knowledge obtained in the audit, or otherwise appears to be
materially misstated.

If, based on the work we have performed, we conclude that
there is a material misstatement of this other information;
we are required to communicate the matter to those charged
with governance. We have nothing to report in this regard.

Responsibility of the Management and Board of
Directors for Standalone financial statements

The Company''s Management and Board of Directors 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, total comprehensive income, changes in
equity and cash flows of the Company in accordance with
the accounting principles generally accepted in India,
including the Indian Accounting Standards 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 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
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,
Management is 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 management 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 Statements

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.

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 control relevant to
the audit in order to design audit procedures that are
appropriate in the circumstances. Under section 143(3)
(i) of the Companies Act, 2013, 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 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.

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. With respect to the other matters to be included in the
Auditor''s Report in accordance with the requirements of
section 197(16) of the Act, as amended:

In our opinion and to the best of our information
and according to the explanations given to us, the
remuneration paid by the Company to its directors
during the year is in accordance with requisite approvals
mandated by the provisions of section 197 read with
Schedule V of the Act.

3. 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 Standalone Balance Sheet, the Standalone
Statement of Profit and Loss (including other
comprehensive income), the Standalone statement
of changes in equity and the Standalone Cash
Flow Statement dealt with by this Report are in
agreement with the books of account;

(d) In our opinion, the aforesaid Standalone financial
statements comply with the Indian Accounting
Standards prescribed under Section 133 of the Act,
read with the relevant rules issued thereunder;

(e) On the basis of the written representations received
from the directors as on March 31, 2026 taken on
record by the Board of Directors, none of the
directors are disqualified as on March 31, 2026 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”.

(g) 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:

i. The Company has disclosed the impact of
pending litigations as on March 31, 2026 on its
financial position in its Standalone financial
statements - Refer Note 42 to the Standalone
financial statements.

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

iii. There were no amounts which were required
to be transferred to the Investor Education and
Protection Fund by the Company;

iv. a. The Management has represented that,

to the best of it''s knowledge and belief,
no funds have been advanced or loaned
or invested (either from borrowed funds
or share premium or any other sources
or kind of funds) by the Company to or in
any other person(s) or entity(ies), including
foreign entities ("Intermediaries”), with the
understanding, whether recorded in writing
or otherwise, that the Intermediary shall,
whether, directly or indirectly lend or invest
in other persons or entities identified in
any manner whatsoever by or on behalf of

the company ("Ultimate Beneficiaries”) or
provide any guarantee, security or the like
on behalf of the Ultimate Beneficiaries;

b. The Management has represented, that, to
the best of it''s knowledge and belief, no
funds have been received by the company
from any person(s) or entity(ies), including
foreign entities ("Funding Parties”), with the
understanding, whether recorded in writing
or otherwise, that the Company shall,
whether, directly or indirectly, lend or invest
in other persons or entities identified in any
manner whatsoever by or on behalf of the
Funding Party ("Ultimate Beneficiaries”) or
provide any guarantee, security or the like
on behalf of the Ultimate Beneficiaries; and

c. Based on such audit procedures we have
considered reasonable and appropriate in
the circumstances; nothing has come to our
notice that has caused us to believe that
the representations under sub-clause (a)
and (b) contain any material misstatement.

v. Interim dividend is declared by holding
company on March 23, 2026 and paid on April
20, 2026 is in accordance with section 123 of the
Companies Act, 2013.

vi. Based on our examination, which included test
checks, we observed that the Company has
used an accounting software for maintaining
its books of account, and the software includes
an audit trail feature except for software used
in two units where audit trail has not been
enabled. Other than the above the audit trail
facility has been operating throughout the year
for all relevant transactions recorded in the
software. Further, we did not come across any
instance of audit trail feature being tampered
with during the course of our audit and the
audit trail has been preserved by the company
as per the statutory requirements for record
retention, except for software in two units
where audit trail feature is not enabled.

For C N K & Associates LLP For Monika Jain & Co.

Chartered Accountants Chartered Accountants

Firm''s Registration No. 101961W/W-100036 Firm Registration No. 130708W

Hiren Shah Ronak Gandhi

Partner Partner

Membership No.: 100052 Membership No.: 169755

UDIN: 26100052LBJHSZ7584 UDIN: 26169755XFNFI5008

Place: Mumbai Place Mumbai

Date: 12^th May, 2026 Date: 12^th May, 2026