Auditor Report of Futuristic Securities Ltd.

Mar 31, 2024

We have audited the accompanying financial statements of M/s. Futuristic Securities Limited (“the
Company”), which comprise the Balance sheet as at March 31,2024 and the Statement of Profit and Loss
and statement of cash flows for the year then ended, the Statement of Changes in Equity for the year then
ended and notes to the financial statements, including a summary of significant accounting policies and
other explanatory information.

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 accounting principles generally accepted in
India, of the state of affairs of the Company as at March 31,2024 and its Loss and cash flows for the year
ended on that date.

Basis for opinion

We conducted our audit in accordance with the standards on auditing (SAs) specified under Section 143
(10) of the Companies Act, 2013. Our responsibilities under those Standards are further described in
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 together with the ethical requirements that are relevant to our audit of the financial statements under
the provisions of the Companies Act, 2013 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, and we do not provide a
separate opinion on these matters.

Information other than the financial statements and auditors’ report thereon

The Company’s Board of Directors is responsible for the preparation of the other information. The other
information comprises the information included in the Board’s Report including Annexures to Board’s Report,
but does not include the financial statements and our auditor’s 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 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

Responsibilities of Management and those charged with Governance for the Financial Statements

The Company’s Board of Directors are 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
and financial performance and cash flows of the Company in accordance with the accounting principles
generally accepted in India, including the Indian Accounting Standards (Ind AS) 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 financial statement 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.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional
scepticism 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 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 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.

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

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

(e) On the basis of the written representations received from the directors as on 31^st March, 2024 taken
on record by the Board of Directors, none of the directors is disqualified as on 31^st March, 2024 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”. Our
report expresses an unmodified opinion on the adequacy and operating effectiveness of the Company’s
internal financial controls over financial reporting.

(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, in our opinion and to the best of our information
and according to the explanations given to us:

i. The Company does not have any pending litigations which would impact its 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, 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 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

(c) Based on such audit procedures that were considered reasonable and appropriate in the circumstances,
nothing has come to our notice that has caused us to believe that the representations under subclause
(a) and (b) contain any material misstatement.

3. No dividend is declared or paid during the year, hence reporting as regards compliance with Section
123 of the Act is not applicable.

4. As regards the other matters to be included in the Auditor’s Report, in accordance with the requirements
of section 197 of the Act regarding managerial remuneration, the company has complied with the necessary
provisions during the audit period.

5. Based on our examination, the Company, has used an accounting software “Tally” for maintaining its
books of account and in absence of SOC 2 Report we are unable to comment whether audit trail feature
of the said software was enabled and operated throughout the year for all relevant transactions recorded
in the software or whether there were any instances of the audit trail feature been tampered with.

For MAKK & Co.

Chartered Accountants
FRN: 117246W

Mukesh Maheshwari

Partner

Membership No: 049818
UDIN: 24049818BKBNQH3805

Mumbai, Dated 29^th May, 2024

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Mar 31, 2015

We have audited the accompanying financial statements of Futuristic Securities Limited ("the Company"), which comprise the Balance Sheet as at March 31,2015, Statement of Profit and Loss and the cash flow statement for the year then ended, and a summary of significant accounting policies and other explanatory information.

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 Companies Act, 2013 ("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 accounting principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act, read with the Rule 7 of the Companies (Accountants) Rules,2014. 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 financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit.

We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made thereunder.

We conducted our audit in accordance with the Standards on Auditing specified under section 143(10) of the Act. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company's preparation and fair presentation of the financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on whether the Company has in place an adequate internal financial controls system over financial reporting and the operating effectiveness of such controls. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

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.

Opinion

In our opinion and to the best of our information and according to the explanations given to us, the standalone financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:

a) in the case of the Balance Sheet, of the state of affairs of the Company as at March 31,2015;

b) in the case of the Profit and Loss Account, of the profit for the year ended on that date; and

c) in case of cash flow statement, of the cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order, 2015 ("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 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, 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 appears from our examination of those books;

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

d. In our opinion, the aforesaid financial statements comply with Accounting Standards specified under Section 133 of the Act, read with rule 7 of the Companies (Accounts) Rules, 2014.

e. On the basis of written representation received from the directors of the Company as at 31 March, 2015 and taken on record by the Board of Directors, none of the directors is disqualified as on 31 March 2015, from being appointed as a director in terms of Section 164(2) of the Act.

f. 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 said Balance Sheet and Profit and Loss Account read together with the notes thereon and subject to Non Provision of Doubtful Sundry Debtors of Rs. 8,24,800/- and Loans and Advances of Rs. 2,09,663/-, thereby understating Loss and overstating Current Assets by the like amount give the information required by the Companies Act, 2013, in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India.

Special Directions of "Non-Banking Financial Companies Auditor's Report (Reserve Bank) Directions, 1998"

1. The Company has been granted registration no. 13.00309 by the Reserve Bank of India as provided in Section 451A of the Reserve Bank of India Act, 1934 (2 of 1934).

2. The Company has passed Board Resolution that no deposits from public shall be accepted.

3. The Company has not accepted any deposits from Public during the financial year under review.

The Annexure referred to in paragraph 1 of the Our Report of even date to the members of Futuristic Securities Limited on the accounts of the company for the year ended 31st March, 2015.

On the basis of such checks as we considered appropriate and according to the information and explanation given to us during the course of our audit, we report that:

1. (a) The company has maintained proper records showing full particulars including quantitative details and situation of its fixed assets.

(b) As explained to us, fixed assets have been physically verified by the management at reasonable intervals; no material discrepancies were noticed on such verification.

2. (a) The Company is a Non-Banking Finance Company and does not hold any inventories. Accordingly, paragraph 3(ii)(a), (b) and (c) of the Order is not applicable.

3. (a) According to the information and explanations given to us and on the basis of our examination of the books of account, the Company has not granted any loans, secured or unsecured, to companies, firms or other parties listed in the register maintained under Section 189 of the Companies Act, 2013. Consequently, the provisions of clauses iii (b)of the order are not applicable to the Company.

4. In our opinion and according to the information and explanations given to us, there is generally an adequate internal control procedure commensurate with the size of the company and the nature of its business, for the purchase of inventories & fixed assets and payment for expenses & for services rendered. During the course of our audit, no major instance of continuing failure to correct any weaknesses in the internal controls has been noticed.

5. The company has not accepted any deposits from the public.

6. As per the information & explanation given by the management, the Central Government has not prescribed the maintenance of cost records under section 148(1) of the Act, for the products of the company.

7. (a) According to the records of the company, undisputed statutory dues including Provident Fund, Investor Education and Protection Fund, Employees' State Insurance, Income-tax, Sales-tax, Wealth Tax, Service Tax, Custom Duty, Excise Duty, cess to the extent applicable and any other statutory dues have generally been regularly deposited with the appropriate authorities. According to the information and explanations given to us there were no outstanding statutory dues as on 31st of March, 2015 for a period of more than six months from the date they became payable.

(b) According to the information and explanations given to us, disputed amounts in respect of Income Tax Demand as at 31st March 2015, not deposited are as under:

Financial Year to which Forum where the Amount the matter pertains Matter is pending (Rs. in Lacs)

2001-02 & 2003-04 Commissioner of 6.16 Income Tax (Appeals)

(c) According to the information and explanations given to us there were no amounts which were required to be transferred to the investor education and protection fund in accordance with the relevant provisions of the Companies Act, 1956 (1 of 1956) and rules there under.

8. The Company's accumulated losses at the end of the financial year are less than 50% of its net worth. The company has however not incurred cash loss in the current financial year.

9. Based on our audit procedures and on the information and explanations given by the management, we are of the opinion that, the Company has not defaulted in repayment of dues to a financial institution, bank or debenture holders.

10. In our opinion and according to the information and the explanations given to us, the Company has not given any guarantee for loans taken by others from banks or financial institutions.

11. Based on our audit procedures and on the information given by the management, we report that the company has not raised any term loans during the year.

12. Based on the audit procedures performed and the information and explanations given to us, we report that no fraud on or by the Company has been noticed or reported during the year, nor have we been informed of such case by the management.

For, Lalit Bajaj & Associates Chartered Accountants Firm's Registration No.: 117758W

Lalit Bajaj Partner Membership No.: 104234

Place: Mumbai Date: 10th August, 2015.

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Mar 31, 2013

Report on the Financial Statements

We have audited the accompanying financial statements of FUTURISTIC SECURITIES LIMITED ("the Company"), which comprise the Balance Sheet as at 31 March 2013, the Statement of Profit and Loss and the Cash Flow Statement for the year then ended and a summary of significant accounting policies and other explanatory information.

Management''s Responsibility for the Financial Statements

Management is responsible for 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 Accounting Standards referred to in sub-section (3C) of Section 211 of the Companies Act, 1956 ("the Act"). This responsibility includes the design, implementation and maintenance of internal control 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.

Auditor''s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by the Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor''s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the Company''s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by Management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Opinion

In our opinion and to the best of our information and according to the explanations given to us, the financial statements give the information required by the Act in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:

I. in the case of the Balance Sheet, of the state of affairs of the Company as at 31 March, 2013;

II. in the case of the Statement of Profit and Loss, of the profit for the year ended on that date; and

III. in the case of the Cash Flow Statement, of the cash flows for the year ended on that date. Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor''s Report) Order, 2003 ("the Order"), as amended,'' issued by the Central Government of India in terms of sub-section (4A) of section 227 of the Act, we give in the Annexure a statement on the matters specified in paragraphs 4 and 5 of the Order.

2. As required by section 227(3) of the Act, we report that:

a) we have obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purpose of our audit;

b) in our opinion proper books of account as required by law have been kept by the Company so far as appears from our examination of those books;

c) the Balance Sheet, Statement of Profit and loss and Cash Flow Statement dealt with by this Report are in agreement with the books of account;

d) in our opinion, the Balance Sheet, Statement of Profit and Loss, and Cash Flow Statement comply with the Accounting Standards referred to in sub-section (3C) of Section 211 of the Companies Act, 1956; and

e) on the basis of written representations received from the directors as on 31 March, 2013, and taken on record by the Board of Directors, none of the Directors are disqualified as on 31 March 2013, from being appointed as a Director in terms of clause (g) of sub-section (1) of Section 274 of the Companies Act, 1956.

f) In our opinion and to the best of our information and according to the explanations given to us, the said Balance Sheet and Profit and Loss Account read together with the notes thereon and subject to Non Provision of Doubtful Sundry Debtors of Rs. 8,24,900/- and Loans and Advances of Rs. 2,09,663/-, thereby understating Loss and overstating Current Assets by the like amount give the information required by the Companies Act, 1956, in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India.

Special Directions of "Non-Banking Financial Companies Auditor''s Report (Reserve Bank Directions, 1998"

1. The Company has been granted registration no. 13.00309 by the Reserve Bank of India as provided in Section 451A of the Reserve Bank of India Act, 1934 (2 of 1934).

2. The Company has passed Board Resolution that no deposits from public shall be accepted.

3. The Company has not accepted any deposits from Public during the financial year under review.

ANNEXURE TO THE INDEPENDENT AUDITORS'' REPORT

(REFERRED TO IN PARAGRAPH (1) OF OUR REPORT OF EVEN DATE)

1) As required by the Companies (Auditor''s Report) Order, 2003 and according to the information and explanations given to us during the course of the audit and on the basis of such checks as were considered appropriate, we report that -

(i)(a) According to the information and explanations given to us, the fixed assets records showing full particulars including quantitative details and situation of fixed assets are under compilation.

(i)(b) The fixed assets have been physically verified by the management at reasonable intervals. Till the completion of the fixed assets records, we are unable to report the discrepancies if any noticed on such physical verification with the book records.

(ii)(a) The Company does not have any inventories and hence provisions verification and recording of same are not applicable.

(iii) The Company has neither granted nor taken any loans to / from any party covered in the Register maintained under Section 301 of the Companies Act, 1956. Consequently, the requirements of clauses (iii)(a) to (iii)(g) of paragraph 4 of the Order are not applicable.

(iv) There are adequate internal control system commensurate with the size of the company and the nature of its business for the purchase & sale of Shares & Securities for the sale of services.

(v)(a) To the best of our knowledge and belief and according to information and explanations given to us, we are of the opinion that the transactions that need to be entered into the Register maintained under section 301 of the Companies Act, 1956 have been entered.

(v)(b) in our opinion and according to the information and explanations given to us, the transactions made in pursuance of contracts or arrangements entered in the Register maintained under Section 301 of the Companies Act, 1956 and exceeding the value of Rupees Five Lacs in respect of each party during the year have been made at prices which are reasonable having regard to the prevailing market prices at the relevant time.

(vi) The company has not accepted deposits from the public and, therefore, the directives issued by the Reserve Bank of India and the provisions of Section 58A and 58AA or any other relevant provisions of the Act and the Rules framed there under are not applicable.

(vii) In our opinion, the Company has an adequate Internal Audit System commensurate with its size and nature of its business.

(viii) The company is not a manufacturing company and hence maintenance of cost records u/s 209(1) (d) of the Companies Act, 1956 is not applicable.

(ix)(a) According to the records of the company, the''company is regularly depositing undisputed statutory dues including Provident Fund, Income Tax, Employees State Insurance and other statutory dues with appropriate authorities. According to the information and explanation given to us, there are no undisputed amount payable in respect of statutory dues which have remained outstanding as at 31 st March, 2013 for a period of more than six months from the date they became payable.

(ix) According to the information and explanations given to us, disputed amounts in respect of Income Tax demand as at 31st March, 2013, not deposited are as under:

(x) The Company''s accumulated losses at the end of the financial year are less than 50% of its net worth. The Company has however not incurred cash loss in the current financial year.

(xi) The Company has not defaulted in any repayment of dues to banks.

(xii) According to the information & explanations given to us the company has not granted loans & advances on the basis of security by way of pledge of shares, debentures & other securities and hence no documents and records are required to be maintained.

(xiii) The provisions of any special statute applicable to Chit Fund, Nidhi or Mutual Benefit Fund or Societies are not applicable to the company for the year under report.

(xiv) According to the information and explanation given to us, the proper records has been maintained of the transactions and contracts. The shares, securities & other investments have been held by the company in its own name.

(xv) According to the information and explanation given to us, the company has not given any guarantee for loans taken by others from bank or financial institution.

(xvi) The Company has not taken any term loan during the year.

(xvii) On the basis of our examination, the company has not raised any short term funds which have been used for long term investments during the year.

(xviii) The Company has not made any preferential allotment of shares to parties and companies covered under the register maintained u/s 301 of the Companies Act, 1956.

(xix) The Company has not issued any debentures during the year and hence no securities have been created.

(xx) The Company has not raised any money by way of public issue during the year and, therefore, disclosure of the end use of money is not required.

(xxi) On the basis of our examination and according to the information & explanations given to us no fraud on or by the company have been noticed or reported during the year. For R. JAITLIA & CO.

Chartered Accountants

Firm Registration No. 117246W

(RATANLAL JAITLIA)

Partner

Membership No. 009513

Place : Mumbai

Date : 9th August, 2013.

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Mar 31, 2010

We have audited the attached Balance Sheet of FUTURISTIC SECURITIES LIMITED as at 31 st March 2010 and the Profit and Loss Account for year ended on that date, both annexed thereto and the Cash Flow Statement for the period ended on that date. These financial statements are the responsibility of the Companys management. Our responsibility is to express our opinion on these financial statements based on our audit.

We conducted our audit in accordance with auditing standard generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. We further report that:-

1) As required by the Companies (Auditors Report) Order, 2003 issued by the Company Law Board in termsof Section 227(4A) of the Companies Act, 1956, on the basis of such checks as we can consider appropriate and according to the information and explanation given to us during the course of audit, we annex hereto a statement on the matters specified in the said Order.

2) Further to our comments in the annexure referred to in paragraph (1) above, we state that :-

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

b) In our opinion proper books of account as required by Law have been kept by the Company so far as appears from our examination of such books.

c) The Balance Sheet and Profit & Loss Account referred to in this report are in agreement with the Books of Account.

d) In our opinion, the Balance Sheet and the Profit & Loss Account dealt with by this report are in compliance with the Accounting Standards referred to in Section 211 (3C) of the Companies Act, 1956.

e) In our opinion, and based on information and explanations given to us, none of the directors are disqualified as on 31st March, 2010 from being appointed as directors in terms of clause (g) of sub - section (1) of Sec 274 of the Companies Act, 1956.

f) In our opinion and to the best of our information and according to the explanations given to us, the said Balance Sheet and Profit and Loss Account read together with the notes thereon and subject to Non Provision of Doubtful Sundry Debtors of Rs. 8,49,263/- and Loans and Advances of Rs. 3,25,921/-, thereby understating Loss and overstating Current Assets by the like amount give the information required by the Companies Act, 1956, in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India.

I) In the case of the Balance Sheet of the State of affairs of the company as at 31 st March, 2010, and

ii) In the case of the Profit and Loss Account of Profit of the company for the year ended on that date.

iii) In the case of Cash Flow Statement, of the cash flows for the year ended on that date. Special Directions of "Non-Banking Financial Companies Auditors Report (Reserve Bank Directions, 1998"

1. The Company has been granted registration no. 13.00309 by the Reserve Bank of India as provided in Section 451A of the Reserve Bank of India Act, 1934 (2 of 1934).

2. The Company has passed Board Resolution that no deposits from public shall be accepted.

3. The Company has not accepted any deposits from Public during the financial year under review.

ANNEXURE TO THE AUDITORS REPORT REFERRED TO IN PARAGRAPH (1) OF OUR REPORT OF EVEN DATE TO THE SHAREHOLDERS OF FUTURISTIC SECURITIES LIMITED FOR THE YEAR ENDED 31 ST MARCH, 2010.

1) As required by the Companies (Auditors Report) Order, 2003 and according to the information and explanations given to us during the course of the audit and on the basis of such checks as were considered appropriate, we report that -

(i)(a) According to the information and explanations given to us, the fixed assets records showing full particulars including quantitative details and situation of fixed assets are under compilation.

(i)(b) The fixed assets have been physically verified by the management at reasonable intervals. Till the completion of the fixed assets records, we are unable to report the discrepancies if any noticed on such physical verification with the book records.

(ii)(a) The Company does not have any inventories and hence provisions verification and recording of same are not applicable.

(iii) The Company has neither granted nor taken any loans to / from any party covered in the Register maintained under Section 301 of the Companies Act, 1956. Consequently, the requirements of clauses (iii)(a) to (iii)(g) of paragraph 4 of the Order are not applicable.

(iv) There are adequate internal control system commensurate with the size of the company and the nature of its business for the purchase & sale of Shares & Securities for the sale of services.

(v) (a) To the best of our knowledge and belief and according to information and explanations given to us, we are of the opinion that the transactions that need to be entered into the Register maintained under section 301 of the Companies Act, 1956 have been entered.

(v) (b) In our opinion and according to the information and explanations given to us, the transactions made in pursuance of contracts or arrangements entered in the Register maintained under Section 301 of the Companies Act, 1956 and exceeding the value of Rupees Five Lacs in respect of each party during the year have been made at prices which are reasonable having regard to the prevailing market prices at the relevant time.

(vi) The company has not accepted deposits from the public and, therefore, the directives issued by the Reserve Bank of India and the provisions of Section 58A and 58AA or any other relevant provisions of the Act and the Rules framed there under are not applicable.

(vii) In our opinion, the Company has an adequate Internal Audit System commensurate with its size and nature of its business.

(viii) The company is not a manufacturing company and hence maintenance of cost records u/s 209(1 )(d) of the Companies Act, 1956 is not applicable.

(ix)(a) According to the records of the company, the company is regularly depositing undisputed statutory dues including Provident Fund, Income Tax, Employees State Insurance and other statutory dues with appropriate authorities. According to the information and explanation given to us, there are no undisputed amount payable in respect of statutory dues which have remained Outstanding as at 31 st March, 2010 for a period of more than six months from the date they became payable.

(ix)(b) According to the information and explanations given to us, disputed amounts in respect of Income Tax demand as at 31 st March, 2010, not deposited are as under:

Financial year to which Forum where matter is Amount

the matter pertains pending (Rs.in lacs)

2001-02 & 2003-04 Commissioner of Income 6.16 Tax (Appeal)

(x) The Companys accumulated losses at the end of the financial year are less than 50% of its net worth. The Company has however not incurred cash loss in the current financial year.

(xi) The Company has not defaulted in any repayment of dues to banks.

(xii) According to the information & explanations given to us the company has not granted loans & advances on the basis of security by way of pledge of shares, debentures & other securities and hence no documents and records are required to be maintained.

(xiii) The provisions of any special statute applicable to Chit Fund, Nidhi or Mutual Benefit Fund or Societies are not applicable to the company for the year under report.

(xiv) According to the information and explanation given to us, the proper records has been maintained of the transactions and contracts. The shares, securities & other investments have been held by the company in its own name.

(xv) According to the information and explanation given to us, the company has not given any guarantee for loans taken by others from bank or financial institution.

(xvi) The Company has not taken any term loan during the year.

(xvii) On the basis of our examination, the company has not raised any short term funds which have been used for long term investments during the year.

(xviii) The Company has not made any preferential allotment of shares to parties and companies covered under the register maintained u/s 301 of the Companies Act, 1956.

(xix) The Company has not issued any debentures during the year and hence no securities have been created.

(xx) The Company has not raised any money by way of public issue during the year and, therefore, disclosure of the end use of money is not required.

(xxi) On the basis of our examination and according to the information & explanations given to us no fraud on or by the company have been noticed or reported during the year.



For R. JAITLIA & CO.

Chartered Accountants

Firm Registration No. 117246W

Place: Mumbai (RATANLAL JAITLIA)

Date : 30th Day of July, 2010 Partner

Membership No. 009513