ఆడిటర్ నివేదిక Amir Chand Jagdish Kumar (Exports) Ltd.

We have audited the accompanying Standalone
financial statements of Amir Chand Jagdish Kumar
(Exports) Limited (''the Company"), which comprise
the statement of Assets and Liabilities as at March 31,
2026, and the Standalone Statement of Profit and Loss
(including Other Comprehensive Income), Statement
of changes in Equity and Cash Flows statement for the
financial year the ended at March 31,2026 and notes
to the Standalone financial statements, including a
summary of significant accounting policies and other
explanatory information (hereinafter referred to as
''financial statement'').

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 (''Act'') in the
manner so required and give a true and fair view in
conformity with the accounting principles generally
accepted in India including Indian Accounting
Standards (''Ind AS'') specified under section 133 of the
Act, of the state of affairs of the Company as at March
31, 2026, its profit, changes in equity and cash flows
for the year ended on that date.

Basis for opinion

We conducted our audit in accordance with the
standards on auditing specified under section 143(10)
of the Companies Act, 2013. 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 ethical requirements that are relevant to our audit
of the 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 on
standalone financial statement.

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 financial year ended March 31, 2026. 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 that there are no key audit matters to
communicate in our report.

Information other than the 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 Annual report but does
not include the Financial Statements and our auditors''
report thereon.

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 financial statements,
our responsibility is to read the other information and,
in doing so, consider whether such other information is
materially inconsistent with the financial statements
or our knowledge obtained in the audit or otherwise
appears to be materially misstated.

When we read the annual report, if we conclude
that there is a material misstatement therein, we are

required to communicate the matter to those charged
with governance and shall comply with the relevant
applicable requirements of the Standard on Auditing
for the Auditor''s Responsibility in relation to Other
Information in documents containing the audited
standalone financial statements.

Responsibilities of Management and Those Charged
with Governance for the Financial Statements

These financial statements are the responsibility of
the Company''s management. The Company''s Board of
Directors is responsible for the matters stated in Section
134(5) of the Companies Act, 2013 ("the Act") with
respect to the preparation of the financial statements
that give a true and fair view of the financial position &
financial performance of the Company In accordance
with the accounting principles generally accepted in
India, including Indian Accounting Standards (Ind AS)
prescribed under section 133 of the Act read with the
Companies (Indian Accounting Standards) Rules, 2015,
as amended.

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 also responsible for
overseeing the Company''s financial reporting process.

Auditor''s responsibilities for the Audit of the 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.

Responsibilities for Audit of 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 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 financial
control relevant to the audit in order to design
audit procedures that are appropriate in the
circumstances. But not for the purpose of
expressing our opinion on effectiveness of the
company''s internal financial control with reference
to standalone financial statement

• 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 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 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 the
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 in
evaluating the results of our work, and (ii) evaluating
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 financial controls 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 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 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. Further to our comments in Annexure A, as required

by section 143(3) of the Act, based on our audit, we

report, to the extent applicable, 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 the statement of other
comprehensive income, the Statement of
changes in equity, and the statement of cash
flows dealt with by this Report are in agreement
with the books of account

d. In our opinion, the aforesaid financial statements
comply with the Indian Accounting Standards
specified under section 133 of the Act read
with Companies (Indian Accounting Standards)
Rules, 2015, as amended.

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 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 financial
statements of the Company and the operating
effectiveness of such controls, refer to our
separate Report in “Annexure B". Our report
expresses an unmodified opinion on the
adequacy and operating effectiveness of the
Company''s internal financial controls with
reference to financial statements.

g. 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 within limits
specified under section 197 read with Schedule
V to 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, 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 40
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 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, 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 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, as on the date of this audit report, that
the Company shall, 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 audit procedures that we considered
reasonable and appropriate in the circumstances,
nothing has come to the notice that has caused
them to believe that the representations under
sub-clause (a) and (b) contain any material
misstatement.

v. The company has not declared any dividend in

the General Meeting conducted during the year.

vi. As per the Proviso to Rule 3(1) of the Companies
(Accounts) Rules, 2014 for maintaining books of
account using accounting software which has a

feature of recording audit trail (edit log) facility
is applicable to the Company with effect from
April 1, 2023, and Further, to the extent the audit
trail was enabled, we did not, in the course of
our audit, 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 Pramod K. Sharma & Co
Chartered Accountants
Firm''s Registration No. 007857c

CA Pramod Sharma
Partner

Membership No.: 076883
UDIN: 26076883TLLFSM2763

Place: New Delhi
Date: May 18, 2026

Amir Chand Jagdish Kumar (Exports) Limited

Report on the Audit of the Financial Statements

Opinion

We have audited the accompanying Standalone financial statements of Amir Chand Jagdish Kumar (Exports) Limited ("the Company”), which comprise the statement of Assets and Liabilities as at March 31, 2025, and the Standalone Statement of Profit and Loss (including Other Comprehensive Income), Statement of changes in Equity and Cash Flows statement for the financial year the ended at March 31,2025 and notes to the Standalone financial statements, including a summary of significant accounting policies and other explanatory information (hereinafter referred to as ‘financial statement’).

In our opinion and to the best of our information and according to the explanations given tous, the aforesaid Standalone financial statements give the information required by the Companies Act,2013 (‘Act’) in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India including Indian Accounting Standards (‘Ind AS’) specified under section 133 of the Act, of the state of affairs of the Company asat March 31,2025, its profit, changes in equity and cash flows for the year ended on that date.

Basis for opinion

We conducted our audit in accordance with the standards on auditing specified under section 143(10) of the Companies Act, 2013. 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 ethical requirements that are relevant to our audit of the 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.

The Company’s Board of Directors is responsible for the other information. The other information comprises the information included in the Annual report but does not includethe Financial Statements and our auditors’ report thereon.

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 financial statements, our responsibility is to read the other information and, in doing so, consider whether such other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated.

When we read the annual report, if we conclude that there is a material misstatement therein, we are lequiied to communicate the matter to those charged with governance and shall comply with the relevant applicable requirements of the Standard on Auditing for the Auditor’s Responsibility in relation to Other Information in documents containing the audited standalone financial statements.

Responsibilities of Management and Those Charged with Governance for the Financial Statements

These financial statements are the responsibility of the Company’s management. The Company’s Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 ("the Act”) with respect to the preparation of the financial statements that give a true and fair view of the financial position & financial performance of the Company In accordance with the accounting principles generally accepted in India, including Indian Accounting Standards (Ind AS) prescribed under section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015. as amended.

7 his 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 concent 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.

1 he board of directors are also responsible for overseeing the Company’s financial reporting process.

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 agg!egate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Responsibilities for Audit of 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 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 etror, as fiaud 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 designaudit 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 with reference to financial statements 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 financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up tothe 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 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 the 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 in evaluating the results of our

work, and (n) evaluating the effect of any identified misstatements in the financial statements.

VVe 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 financial controls that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with re evant 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 financial statements of the current pei iod and aie 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 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.    Further to our comments in Annexure A, as required by section 143(3) of the Act based on our

audit, we report, to the extent applicable, 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 the statement of other comprehensive income, the Statement of changes in equity, and the statement of cash flows dealt with by this Report are in agreement with the books of account

(d)    In our opinion, the aforesaid financial statements comply with the Indian Accounting Standards specified under section 133 of the Act read with Companies (Indian Accounting Standards) Rules, 2015, as amended.

(e)    On the basis of the written representations received from the directors as on March 31, 2025 taken on record by the board of directors, none of the directors is disqualified as on March 31, 2025 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 financial statements of the Company and the operating effectiveness of such controls, refer to our separate Report in “Annexure B”. Our report expresses an unmodified opinion on the

adequacy and operating effectiveness of the Company’s internal financial controls with reference to financial statements

(g)    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 within limits specified under section 197 read with Schedule V to 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, incur opinion and to the best ol our information and according to the explanations given to us:

0 The Company has disclosed the impact of pending litigations on its financial position in its standalone financial statements - Refer Note 41 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 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, 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 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, as on the date of this audit report, that the Company shall, directly or indiiectly, 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 audit procedures that we considered reasonable and appropriate in the circumstances, nothing has come to the notice that has caused them to believe that the representations under sub-clause (a) and (b) contain any material misstatement.

v) The company has not declared any dividend in the General Meeting conducted during the year.

vi) As per the Proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 for maintaining books of account using accounting software which has a feature of recording audU trail (edit log) facility is applicable to the Company with effect from April 1, -02j, and Further, to the extent the audit trail was enabled, we did not, in the course of our audit ,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.