Auditor Report of Glottis Ltd.

We have audited the accompanying Standalone
Financial Statements of GLOTTIS LIMITED (formerly
Glottis Private Limited) (the "Company”), which comprise
the Balance Sheet as at March 31, 2026, the Statement
of Profit and Loss (including Other Comprehensive
Income), the statement of Changes in Equity, the
Statement of Cash Flows for the year ended on that
date and notes to the Standalone Financial Statements,
including a summary of material accounting policies
and other explanatory information (hereinafter referred
to as "the 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, as
amended (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 ("Ind AS”), and other accounting principles
generally accepted in India, of the state of affairs of the
Company as at March 31, 2026; and its Profits, total
comprehensive income, Changes in equity and its cash
flows for the year ended on that date.

Basis for Opinion

We conducted our audit of the Standalone Financial
Statements in accordance with the Standards on
Auditing (SAs) specified under section 143(10) 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 there under, 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 audit 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. We have determined the matters
described below to be the key audit matters to be
communicated in our report.

Information Other than the Standalone
Financial Statements and Auditors’ Report
thereon

The Company''s board of directors is responsible for the
other information. The other information comprises the
information included in the Board''s Report including
Annexures to Board''s Report, Corporate Governance
and Shareholder information but does not include the
Standalone Financial Statements and our auditor''s
report thereon.

Our opinion on the Standalone 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 and, in doing so, consider whether
the other information is materially inconsistent with
the Standalone Financial Statements or our knowledge
obtained during the course of our 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 report that fact. We have nothing to report
in this regard.

Management’s Responsibility for the
Standalone Financial Statements

The Company''s Board of Directors is responsible for the
matters in section 134(5) of 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
income, changes in equity and cash flows of the
Company in accordance with the accounting principles
generally accepted in India, including the AS specified
under Section 133 of the Act read with the Companies
(Indian Accounting Standards) Rules, 2015, as amended.

This responsibility also includes the 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 the 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 internal
financial control, 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 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 management either intends
to liquidate the Company or to cease operations, or has
no realistic alternative but to do so.

The Company''sBoard ofDirectors 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 ofinternal 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 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 sub-section (11) of
section 143 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 audit 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 Balance Sheet, the Statement of Profit
and Loss including Other Comprehensive
Income, Statement of Changes in Equity
and Statement of Cash Flows 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 Ind AS
specified under Section 133 of the Act, read
with Rule 7 of the Companies (Accounts)
Rules, 2014 (as amended).

e) 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.

f) With respect to the adequacy of the internal
financial controls with reference to the
Standalone Financial Statements of the
Company and the operating effectiveness
of such controls, refer to our separate report
in the ''''Annexure B”. Our report expresses an
unmodified opinion on the adequacy and
operating effectiveness of the Company''s
internal financial controls with reference to
Standalone Financial Statements.

g) 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 the provisions of
section 197 of the Act.

h) 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 on its financial position
in its Standalone Financial Statements.
Refer Note No. 33 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 has been no amount 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 its 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
persons or entities, including foreign
entities ("Intermediaries”), 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 ("Ultimate
Beneficiaries”) by or on behalf of
the Company or

• provide any guarantee, security,
or the like to or on behalf of the
Ultimate Beneficiaries

b) The management has represented,
that, to the best of its knowledge
and belief, no funds have been
received by the Company from any
persons or entities, including foreign
entities ("Funding Parties”), 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 ("Ultimate
Beneficiaries”) by or on behalf of
the Funding Party or

• provide any guarantee, security,
or the like from or on behalf of
the Ultimate Beneficiaries; and

c) Based on such audit procedures
as 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
(i) and (ii) of Rule 11(e) as provided
under (a) and (b) contain any
material misstatement.

v. The company has not declared dividend
during the year and hence the provisions
of Section 123 of the Act is not applicable
for the year.

vi. Based on our examination, which
included test checks, the Company has
used such accounting software systems
for maintaining its books of account for
the financial year ended 31^st March 2026,
which has the feature of recording audit
trail (edit log) facility and the same has
been operated throughout the period for
all transactions recorded in the software
system. Further we did not come across
any instance of the audit trail feature
being tampered with and the audit trail
has been preserved by the company
as per the statutory requirements for
record retention.

For CNGSN & ASSOCIATES LLP

CHARTERED ACCOUNTANTS
FRN: 04915S/S200036

V. VIVEK ANAND

PARTNER
Membership No. 208092
UDIN: 26208092GJBDRZ5760

Place: Chennai
Date: 25-05-2026