Auditor Report of Grameva Ltd.

Mar 31, 2024

We have audited the financial statement of Bangalore Fort Farms Limited ("the Company")
which comprise the Balance Sheet as at 31^st March''2024, the statements of Changes in Equity
and Statement of Cash flows for the year ended, and notes to the financial statements, including
a summary of significant accounting policies and other explanatory information.

In our opinion and to best of our information and according to the explanations given to us, the
aforesaid financial statements given the information required by the Act in the manner so
required and given 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''2024, its profit, changes
in equity and its 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 standers 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 together with the ethical requirements
that are relevant to our audit of the financial statements under the provision 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 in sufficient and appropriate to provide a basis for our opinion.

Key Audit Matters

Key Audit Matters are those matters that, in our professional judgement, 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.

We have determined that there are no key audit matters to communicate in our report.

The Company''s Board of Directors is responsible for the preparation of the other information.
The other information comprises the information included in the Management Discussion and
analysis, Board''s Report including Annexures to Board''s Report, Business Responsibility Report,
Corporate Governance and Shareholder''s Information, 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 my form of assurance conclusion thereon.

In connecting 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 during the course of our audit or
otherwise appears to be materially misstated.

If, based on the work we have performed, we conclude that there is a material misstatement
of this other information, we are required to report that fact. We have nothing to report in this
regard.

Management''s Responsibility for the 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, changes in equity
and cash flows of the company in accordance with the accounting principles generally accepted
in India, including the Accounting Standers 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 implementation
and maintenance of accounting policies making judgements 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 materials 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.

Those 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 materials misstatement, whether due to fraud or error, and to issue and
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
materials misstatement can arise from fraud or error and are considered material if, individually
or in the aggregate, they could reasonably be expected to influence the economics decisions of
users taken on the basis of these financial statements.

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

• Identify and assess the risks of material misstatements for the financial statements,
whether due to fraud or error, design and perform audit procedures responsive to those
risks, and audit evidence that is sufficient and appropriate to provide a basis for our
opinion. The risk of not detecting a materials misstatements 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.

• Obtained 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 control 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 materials uncertainty
exists related to events or conditions that may cause significant doubt on the Company''s
ability to continue as a going concern. If we conclude that a material uncertainly exists,
we are required to draw attention in out auditors'' report to the related disclosers in the
financial statements or if such disclosers 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, further events or conditions may cause the company to ceases 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 under lying
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 the charged with governance with a statement that we have complied with
relevant ethical requirements regarding independence, and to communicate with them all the
relationships and other matters that may reasonably be though to bear on our independence,
and where applicable, related safeguard.

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 auditors''
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 reasonable 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 paragraph 3 & 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 Sheets, the Statement of Profit & 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 (Accountants) Rules''2014.

e. On the basis of the written representation 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".

g. With respect to the other matters to be included in the Auditor''s Report in
accordance with the requirements of section 197(16) of the Act, as amended:

In our opinion and to the best of our information and according to the
explanations given to us, the company has not paid any remuneration to its
directors during the financial year.

h. With respect to the other matters to be included in the Auditor''s Report in
accordance with Rule 11 of the Companies (Audit & 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 position.

ii. The company did not have any long-term contracts including derivative
contracts for which there were any materials foreseeable losses.

iii. There are 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 their knowledge
and belief, other than as disclosed in the notes to the accounts, 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 their
knowledge and belief, other than as disclosed in the notes to the
accounts, 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
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 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 has considered reasonable and
appropriate in the circumstances, nothing has come to our notice that
has caused us to believe that the representations under sub-clause (a)
and (b) contain any material misstatement.

v. No dividend has declared or paid by the Company during the financial
year.

vi. As proviso to rule 3(1) of the Companies (Accounts) Rules''2014 is
applicable for the Company only w.e.f. April 1''2023, we are reporting
under rule 11(g) that the company''s accounting software has a feature
for recording an audit trail (edit log) that is non-configurable and has
been operational throughout the year for all transactions recorded in the
software.

For Amit Ray & Co.,

Chartered Accountants
FRN. No. 000483C

Sd/-

Srabana Bhattacharyya

Place: Kolkata Membership No. 062118

Date: 29^th May 2024 Partner

UDIN:24062118BKEYCY4153

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Mar 31, 2015

We have audited the accompanying standalone financial statements of BANGALORE FORT FARMS LIMITED ("the Company"), which comprise the Balance Sheet as at 31st March, 2015, the Statement of Profit and Loss, 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 STANDALONE FINANCIAL STATEMENTS

The Company's Board of Directors are responsible for the matters stated in section 134 (5) of the Companies Act, 2013 ("the Act") with respect to the preparation of these standalone financial statements that give a true and fair view of the financial position, financial performance and cash flow of the Company in accordance with the accounting policies generally accepted in India, including the Accounting Standards specified under section 133 of the Act , read with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also includes maintenance of adequate accounting records in accordance with provision 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 prudence ; and design, implementation and maintenance of adequate internal financial controls, that are operating effectively for ensuring the adequacy 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.

AUDITORS' RESPONSIBILITY

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

We have taken into accounts 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 rules made thereunder.

We have 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 the disclosures in the financial statements. The procedures selected depend on the auditors' 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, we consider internal financial control relevant to the Company's preparation 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 control system over financial reporting and the operating effectiveness of such control. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by Company's directors, 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 aforesaid 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, of the state of affairs of the Company as at 31st March, 2015, its profit or loss and its 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 the paragraph 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 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 it 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 aforesaid standalone 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 written representations received from the directors as on 31st March, 2015, taken on record by the Board of Directors, none of the directors is disqualified as on 31st March, 2015, from being appointed as a Director in terms of section 164(2) of the Act; and

f. With respect to the other matters to be included in the Auditor's Reports 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 explanation given to us:

i. The Company does not have any pending litigation which would impact its financial position.

ii. The Company did not have any long term contracts including derivatives contracts for which there were any material foreseeable losses.

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

Annexure to Independent Auditors' Report

The Annexure referred to in our independent Auditors' Report to the Members of the Company on the standalone financial statements for the year ended 31st March, 2015 we report that:

1) The Company has no fixed assets, therefore the maintenance of records showing full particulars, including quantitative details and situation of fixed assets does not arise.

2) a) The inventory has been physically verified during the year by the management. In our opinion, the frequency of verification is reasonable.

b) The procedures of physical verification of inventories followed by the management are reasonable and adequate in relation to the size of the company and the nature of its business.

c) On the basis of our examination of the records of inventory, we are of the opinion that the company is maintaining the proper records of inventory. The discrepancies noticed on verification between the physical stock and the book records were not material.

3) There are no Companies, firms or other parties covered in the registered maintained under section 189 of the Companies Act, 2013 to which the Company has granted loans.

4) In our opinion, and according to the information and explanations given to us, there are adequate internal control procedures commensurate with the size of the Company and the nature of its business with regards to purchase of inventory, and with regard to the sale of goods and services. During the course of our audit, no major weaknesses have been notices in the internal control.

5) The Company has not accepted any deposits from the public.

6) The Central Government has not prescribed the maintenance of cost records under section 148 (1) of the Act , for any class of the companies engage in agriculture activities.

7) (a) According to the records of the Company , the Company is regular in depositing with appropriate authorities undisputed statutory dues including provident fund, employees' state insurance, income- tax, sales-tax, value added Tax, wealth tax, customs duty, excise duty , service tax, , cess and other statutory dues applicable to it.

(b) According to the information and explanations given to us, no undisputed amount payable in respects of income tax, wealth tax, sales tax, value added Tax, service tax, customs duty and excise duty were outstanding, as at 31st March, 2015 for the period of more than six months from the date they become payable.

(c) According to the records of the Company, there are no dues of sales-tax , income- tax, customs duty, wealth tax, value added Tax, service tax , excise duty / cess which have not been deposited on account of any dispute.

(d) According to the information and explanations given to us the amounts which were required to be transferred to the investors education and protection fund in accordance with the relevant provisions of the Companies Act, 1965 (1 of 1965) and rules there under has been transferred to such fund with in time.

8) The Company does not have any accumulated losses at the end of the financial year and has not incurred cash losses in the financial year and in the immediate preceding financial year.

9) The Company did not have any outstanding dues to financial institutions, bank or debenture holders during the year.

10) In our opinion and accordance to the in information given to us, the Company has not given any guarantee for loans taken by others from banks or financial institution.

11) The Company did not have any term loans outstanding during the year.

12) According to the information and explanations given to us, no material fraud on or by the Company has been noticed or reported during the course of our audit.

For S. K. Sengupta & Associates Chartered Accountants Firm Registration No. 322550E

S.K.Sengupta Propietor Membership No.056709

Place : Kolkata Date : May 25, 2015