Auditor Report of Rukmani Devi Garg Agro Impex Ltd.

Mar 31, 2024

We have audited the accompanying Financial Statements of RUKMANI DEVI GARG
AGRO IMPEX LIMITED. (Formerly known as RUKMANI DEVI GARG AGRO IMPEX
PRIVATE LIMITED) (“the Company”), which comprise the Balance Sheet as at March 31,
2024, the Statement of Profit and Loss for the year ended on that date, and a summary of
the significant accounting policies and other explanatory information (hereinafter referred to
as “the Financial Statements”).

In our opinion and to the best of our information and according to the explanations given to
us, the aforesaid 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 Accounting Standards prescribed under section 133 of the Act read with the
Companies (Accounting Standards) Rules, 2021, as amended, (“AS”) and other accounting
principles generally accepted in India, of the state of affairs of the Company as at March 31,
2024, the profit/loss for the year ended on that date.

Basis for Opinion

We conducted our audit of the Financial Statements in accordance with the Standards on
Auditing specified under section 143(10) of the Act (SAs). Our responsibilities under those
Standards are further described in the Auditor''s Responsibilities for the Audit of the
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 independence requirements that are relevant to our audit of
the financial statements under the provisions of the Act and the Rules made thereunder,
and we have fulfilled our other ethical responsibilities in accordance with these
requirements and the ICAI''s 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
Financial Statements.

Other Information - Board of Directors'' Report

The Company''s Board of Directors is responsible for the preparation and presentation of its
report (herein after called as “Board Report”) which comprises various information required
under section 134(3) of the Companies Act 2013 but does not include the financial
statements and our auditor’s report thereon.

Our opinion on the financial statements does not cover the Board Report and we do not
express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the
Board Report and in doing so, consider whether the Board Report is materially inconsistent
with the 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 in this Board Report, we are required to report that fact.

Management’s Responsibility for the Financial Statements

The Company’s Board of Directors is responsible for the matters stated in section
134(5) of the Act with respect to the preparation of these Financial Statements that give
a true and fair view of the financial position, financial performance, and cash flows of
the Company in accordance with the AS and other accounting principles generally
accepted in India. 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; 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
financial statements that give a true and fair view and are free from material misstatement,
whether due to fraud or error.

In preparing the 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 responsible for overseeing the Company’s financial reporting
process.

Auditor’s Responsibilities for the Audit of Financial Statements

Our objectives are to obtain reasonable assurance about whether the 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
Financial Statements.

As part of an audit in accordance with SAs, we exercise professional judgment and
maintain professional skepticism throughout the audit. We also:

i) Identify and assess the risks of material misstatement of the 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.

ii) Obtain an understanding of internal financial controls 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 with reference to financial statements in place and
the operating effectiveness of such controls.

iii) Evaluate the appropriateness of accounting policies used and the reasonableness of
accounting estimates and related disclosures made by management.

iv) 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
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.

v) Evaluate the overall presentation, structure and content of the Financial Statements,
including the disclosures, and whether the Financial Statements represent the underlying
transactions and events in a manner that achieves fair presentation.

Materiality is the magnitude of misstatements in the Financial Statements that, individually
or in aggregate, makes it probable that the economic decisions of a reasonably
knowledgeable user of the 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 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.

(II) Report on the Other Legal and Regulatory Requirements

(A) As required by Section 143(3) of the Act, based on our audit we report that:

i) 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.

ii) 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.

iii) The Balance Sheet, the Statement of Profit and Loss and the Statement of Cash Flow
dealt with by this Report are in agreement with the relevant books of account.

iv) In our opinion, the aforesaid financial statements comply with the AS specified under
Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014

v) On the basis of the written representations received from the directors as on March 31,

2024 taken on record by the Board of Directors, none of the directors is disqualified as
on March 31, 2024 from being appointed as a director in terms of Section 164 (2) of
the Act.

vi) With respect to the adequacy of the internal financial controls over financial reporting of
the Company and the operating effectiveness of such controls, we report that company
have an adequate internal control refer to our separate report in Annexure-A.

vii) 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 does not have any pending litigations which would impact its financial
position.

b) the Company did not have any long-term contracts including derivatives contracts for
which there were any material foreseeable losses.

c) There has been no amount that is required to be transferred to the Investor
Education and protection fund to the company.

d) (i) 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 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;

(ii) The Management has represented, that, to the best of its 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

(iii) Based on the audit procedures that the auditor has considered reasonable and
appropriate in the circumstances, nothing has come to their notice that has caused

them to believe that the representations under sub-clause (i) and (ii) contain any
material mis-statement.

e) No dividend had been declared or paid during the year under consideration, hence
our reporting with regard to compliance of provisions of section 123 of the
Companies Act, 2013 is not applicable.

f) Based on our examinations, the Company has used accounting software for
maintaining its books of account which has a feature of recording audit trail (edit log)
facility and the same has not been operated throughout the year for all transactions
recorded in the software, thus we are unable to comment the audit trail feature has
not been tampered with and the audit trail has been preserved by the company as
Per the statutory requirements for record retention.

As proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 is applicable from
April 1, 2023, reporting under Rule 11(g) of the Companies (Audit and. Auditors)
Rules, 2014 on preservation of audit trail as per the statutory requirements for record
retention is not complied for the financial year ended March 31, 2024.

(B) 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 B, a statement on the matters specified in paragraphs 3 and 4 of the Order, to
the extent applicable.

For SARUPRIA SOMANI & ASSOCIATES
CHARTERED ACCOUNTANTS

010674C

CA. DEVENDRA KUMAR SOMANI

PARTNER

M. No.079558

UDIN:-