ఆడిటర్ నివేదిక HD Fire Protect Ltd.

1. We have audited the accompanying Financial Statements of HD Fire Protect Limited (Formerly known as HD Fire
Protect Private Limited) (‘the Company’), which comprise the Balance Sheet as at 31 March 2026, and the Statement
of Profit and Loss (including Other Comprehensive Income), Statement of Changes in Equity and Statement of Cash
Flows for the year ended on that date, and notes to the Financial Statements, including a summary of material
accounting policies and other explanatory information (‘the Financial Statements’).

2. 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 (‘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 other
accounting principles generally accepted in India, of the State of Affairs of the Company as at 31 March 2026, and
its Profit and Other Comprehensive Income, Changes in Equity and its Cash Flows for the year ended on that date.

Basis for Opinion

3. We conducted our audit in accordance with the Standards on Auditing (‘SAs’) specified under section 143(10) of the
Act. Our responsibilities under those SAs 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 the Financial Statements.

Other Information

4. The Company’s Board of Directors are responsible for the other information. The other information comprises the
information included in the Company’s annual report/the management report and chairman’s statement but does
not include the Financial Statements and our auditors’ report thereon.

5. Our opinion on the Financial Statements does not cover the other information and we do not express any form of
assurance conclusion thereon.

6. In connection with our audit of the Financial Statements, our responsibility is to read the other information 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 report
that fact. We have nothing to report in this regard.

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

7. 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 State of Affairs, Profit and Other
Comprehensive Income, Changes in Equity and Cash Flows of the Company in accordance with the Indian
Accounting Standards prescribed under section 133 of the Act read with the Companies (Indian Accounting
Standards) Rules, 2015, as amended, 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 of the assets of the Company and for preventing and detecting frauds and other irregularities;

selection of the appropriate accounting software for ensuring compliance with applicable laws and regulations
including those related to retention of audit logs; 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.

8. In preparing the Financial Statements, the Board of Directors 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 the Board of Directors either intends to liquidate the Company or to cease
operations, or has no realistic alternative but to do so.

9. The Board of Directors is also responsible for overseeing the Company’s financial reporting process.

Auditor’s responsibilities for the audit of the Financial Statements

10. 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.

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

11.1. 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.

11.2. 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) 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.

11.3. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates
and related disclosures made by the Management.

11.4. Conclude on the appropriateness of the 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.

11.5. 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.

12. 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.

13. 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

14. 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.

15. As required by Section 143(3) of the Act, we report that:

15.1. We have sought and obtained all the information and explanations which to the best of our knowledge and
belief were necessary for the purpose of our audit.

15.2. In our opinion, proper books of accounts as required by law have been kept by the Company so far as it
appears from our examination of those books except for the matters stated in paragraph 16.8 below on
reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 (as amended).

15.3. The balance sheet, the statement of profit and loss including other comprehensive income, the statement of
changes in equity and the cash flow statement dealt with by this Report are in agreement with the books of
account.

15.4. In our opinion, the aforesaid Financial Statements comply with the AS specified under Section 133 of the Act
read with the relevant rules thereunder.

15.5. On the basis of the written representations received from the directors as on 31 March 2026 taken on record
by the Board of Directors, none of the directors is disqualified as on 31 March 2026 from being appointed as
a director in terms of Section 164(2) of the Act.

15.6. The modification relating to the maintenance of accounts and other matters connected there with are as
stated in the paragraph 15.2 above on reporting under Section 143(3)(b) and paragraph 16.8 below on
reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 (as amended).

15.7. 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’.

15.8. According to the information and explanations given to us and based on our audit, we report that the
managerial remuneration has been paid/provided for by the Company to its directors in accordance with the
provisions of Section 197 of the Act read with Schedule V to the Act, except for the additional remuneration
provided for the directors, which is subject to the approval of the shareholders in the ensuing Annual General
Meeting by way of a special resolution.

16. 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:

16.1. The Company does not have any pending litigations which would impact its financial position

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

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

16.4. The Management has represented , to best of their knowledge and belief, that 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.

16.5. The Management has represented, to best of their knowledge and belief, that 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.

16.6. Based on such audit procedures, that have been considered reasonable and appropriate in the
circumstances, nothing has come to our notice that has caused us to believe that the representation under
sub clause (i) and (ii) of Rule 11(e), as provided under para 16.4 and 16.5 above, contain any material
misstatement.

16.7. In our opinion and according to the information and explanations given to us, the dividend declared and/or
paid during the year by the Company is in compliance with Section 123 of the Act.

16.8. Based on our examination which included test checks, the company has used accounting software’s for
maintaining its books of account which have a feature of audit trail (edit log) facility and the same has
operated throughout the year for ail relevant transactions recorded in the software’s. For such accounting
software’s, in the absence of reporting on compliance with the audit trail requirements in the respective
independent auditor''s reports of service organisations, we are unable to comment whether audit trail
feature of the said accounting software’s was enabled and operated throughout the year at the database
level to log any direct data changes for all relevant transactions recorded in the respective accounting
software’s or whether there were any instances of the audit trail feature being tampered with.

Further, where audit trail (edit log) facility was enabled and operated throughout the year, we did not come
across any instance of the audit trail feature beingtampered with.

The audit trail has been preserved by the company as per the statutory requirements for record retention
except for non-availability of audit trail at database level as mentioned above.

For KKC & Associates LLP

Chartered Accountants
(formerly Khimji Kunverji & Co LLP)

Firm Registration Number: 105146W/W100621