Auditor Report of Jyotirgamya Enterprises Ltd.

Mar 31, 2025

We have audited the standalone financial statements of JYOTIRGAMYA ENTERPRISES LIMITED
(“the Company”), which comprises the Balance Sheet as at March 31, 2025, the Statement of Profit and
Loss, the Cash Flow Statement for the year then ended and notes to the financial statement, 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
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, 2025.

(b) in the case of the Profit & Loss Account, of the LOSS for the year ended on that date.

(c) hi the case of the Cash Flow Statement, of the 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 Act. 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 hi 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. Wc 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 fonning our opinion thereon, and we do not provide a
separate opinion on these matters.

Management’s Responsibility for the Standalone Financial Statement

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 standalone that give a true and
fair view of the financial position, financial performance, (changes in equity)5 and cash flows of the
Company in accordance with6 the accounting principles generally accepted in India, including the
accounting Standards 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 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 arc 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 is, responsible as well for overseeing the Company''s financial reporting process.
Auditors’ Responsibility 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
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 eiror, 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 fan 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, 2016 (“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 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 aforesaid financial statements comply with the Accountmg 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 March 31, 2025, and
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 over financial reporting of the
Company and the operating effectiveness of such controls, refer to our separate Report in
“Anncxurc B”

g) with respect to the other matters to be included in the Auditors'' 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 accordmg to explanations given to us:

i. the company has disclosed the impact, if any, of pending litigations on its financial position in its
financial statement.

ii. the company do not have any long-term contracts including derivative contracts

iii. there lias been no delay in transferring amounts, 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 any other person) s) or entity(ies), including foreign
entities (''‘Intermediaries”), with the understanding whether recorded hi 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 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 pcrson(s) or cntity(ics) includmg 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 the 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 representations
under sub clause (a) and (b) above contain any material misstatement

v. The Company has neither declared nor paid any dividend during the year

vi. Proviso to snb-nile (1) of rule 3 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 made applicable to the Company with effect from 1st day of April, 2024, and
accordingly during the financial year 2024-25 the company has not used accounting software
which has a feature of recording audit trail (edit log) facility. In view of the same, we are unable
to comment on the company''s compliance with this requirement for the entire financial year
2024-25 at this time.

FOR AM IT ACARWAL & CO

Chartered Accountants _

FRN:008359C . X

CA Suraj Kumar Singh
FCA Partner
Membership No: 440365
UDIN: 25440365BMISRL2881

Place: New Delhi
Date: 23.05.2025

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Mar 31, 2024

We have audited the standalone financial statements of JYOTIRGAMYA ENTERPRISES LIMITED

("llie Company^), which comprises the Balance Sheet as at March 3!, 2024. the Statement of Profit and

Loss, the Cash Flow Statement lor the year then ended and notes to the financial statement, including a summary of significant accounting policies and other explanatory information.

In our opinion and to the Ihjsi of our information and according to the explanations given to us. the financial statement,'', give the information required by llie Act in the manner so required and give a (rue 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 (he Company as at March 31.2024.

(b) in the case of the Profit & Loss Account, of the LOSS for the year ended on that date.

(c) In the case of the Cash Flow Statement, of the cash flows for lire year ended on that date.

Basis for Opinion

We conducted our audit in accordance with 1 he Standards on Auditing (S\s) specified under section 143(10) of'' the Act. Our responsibilities under those Standards are further described in the Auditor , Responsibilities for the Audit of the Financial Statements section of our report. We arc independent of the Company in accordance with the Code ifF.ihiex issued b\ the Institute of Chartered Accountants of India together with ihc 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 hat e obtained is sufficient and appropriate to provide a basis for our opinion.

Key Audit Matters

Key audit matters an; those matters that, in our professional judgment, were of most significance in our audit of the financial statements of the current period, t hese 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.

Management''s KV>p«insil>ilit\ fur ilit- Standalone Financial Statement

I he Company''s Board of Directors is responsible for the matters slated in section 134(5) of the Companies Act, 2013 (“the Act") with respect lo the preparation of these standalone that give a true and lair view of the linancial position, financial performance, (changes in equity)? and cash Hows of the Company in accordance withb the accounting principles generally accepted in India, including the accounting Standards 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 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 ol the

financial statement that give a true and Ihtr view and are free from material misstatement, whether due lo fraud or error.

In preparing the financial statements, management is responsible for assessing the Company’s ability to continue a> a going concent, 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 is. responsible as well for overseeing the Company''s financial reporting process. Auditors¹ Responsibility for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free front material misstatement, whether due to fraud or error, and to issue an auditor''s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

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

• 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 e\ idenec that is sufficient and appropriate to prov ide 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 lo the audit in order to design audit procedures that are appropriate in the circumstances. Under section I43t3)

• C onclude 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 arc based on the audit evidence obtained up to the dale of our auditor''s report. However, future events or conditions mas 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 w ith 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 compiled 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. 20|h ("The Order") issued by the Central Government of India in terms of sub-section (11) of section 143 of the Ad, 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 obtained all the information and explanations which to the best of our knowledge and belief were nccessarv 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) die 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 a fun; mi id financial statement!, comply with the Accounting Standards specified under Section 133 of the Act read with Rule 7 of the Companies (Accounts) Rules. 20 i 4:

e) on the basis or written representations received from the directors as on March 31. 2024. and taken on record by the Board of Directors, none of the directors is disqualified as on March 31. 2024, from being appointed as a director in terms of Section 164(2) ofthc Act.

0 with respect to the adequacy ol the interna! financial controls over financial reporting of the Company and the operating effectiveness of such controls, refer to our separate Report in "Annex tine B"

g) with respect to the other matters to be included in the Auditors'' 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 explanations given to us:

i. the company has disclosed the impact, if any. of pending litigations on its financial position it) its financial statement.

ii. the company do not have any long-term contracts including derivative contracts

iti. there has been no delay in transferring amounts, required to be transferred, to the Investor I''ducation 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 in vested (either from borrowed funds or share premium or any other sources or kind of funds) by the company to 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 tend 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, secunty or the like on behalf of ultimate beneficiaries

(b) The Management has represented that to the best of its knowledge and belief no funds have been recerved 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 benatf of the Ultimate beneficiaries and

(c) Based on the 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 representations under sub clause (a) and (b) above contain any material misstatement

v The Company has neither declared nor paid any dividend during the year

vi Proviso to sub-rule (11 of rule 3 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 made applicable to the Company with effect from 1st day of April 2023 and accordingly during the financial year 2022-2023 the company has not used accounting software which has a feature of

_recording audit trail (edit tog) facility. In view af the same, we are unable to comment on this para

For Amit Agarwal & Co _

Chartered Accountants ^ At ^rt^\

CA Suraj Kumar Singh ''/ FCA Partner Membership No. 4403FRN 00M359C

(DIN 24440365BKCLHN6870

Flare: Delhi Date: 24/1)5/2024

1

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

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Mar 31, 2012

1. We have audited the attached Balance Sheet of M/S Jyotirgamya Enterprises Limited, as at 31st March, 2012 and also Profit and Loss Account for the year ended on that date annexed thereto. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audit.

2. We conducted our audit in accordance with auditing standards 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 reasonable basis for our opinion.

3. As required by the Companies (Auditor's Report) Order, 2003 issued by the Central Government of India in terms of Section 227 (4A) of the Companies Act, 1956 we enclose in the annexure a statement on the matters specified in the paragraph 4 and 5 of the said order

4. Further to our comments in the Annexure referred to above, we report that:-

(a) We have obtained all the information and explanations, which to the best of our knowledge and belief were neeessary 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 and Profit and Loss Account dealt with by this report are in agreement with the books of account;

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

(e) On the basis of written representations received from the Directors, as on March 31, 2012 and taken on record by the Board of Directors, we report that none of the Directors is disqualified as on March 31, 2012 from being appointed as a Director in terms of Section 274 (1) (9) 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 accounts read with the notes, 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 March 31,2012

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

(Hi) in case of Cash Flow Statement, for the year ended on that date.

ANNEXURE TO THE AUDITORS' REPORT

Re. JYOTIRGAMYA ENTERPRISES LIMITED

1 a) The company has no fixed Assets hence maintenance of records showing full particulars including quantitative details and situation of fixed assets is not applicable on the company.

b) The Clause is not applicable on the company.

c) The Clause is not applicable on the company.

2. (a) As explained to us, the Inventories has been physical verified during the year by management. In our opinion, the frequency of verification is reasonable.

(b) ln our opinion and according to the information and explanation given to us, the procedure of physical verification of inventories followed by the management is reasonable and adequate in relation to the size of the Company and the nature of its Business.

(c) As far as we could ascertain and according to the information and explanation given to us, no discrepancies noticed on verification between the physical stocks and the book records or if found were not material.

3. In our opinion and according to the explanations given to us, the Company has not granted or taken unsecured loan to or form the Companies, Firms or other parties covered in the register maintained under section 301 of the Companies Act, 1956, terms of which are not prejudicial to the interest of the company.

4. In our opinion and according to the explanations given to us, there is adequate internal control system commensurate with the size of the company and nature of its Business with regard to purchase of stores, raw materials including components, plant and machinery, equipment and other assets, and for sale of goods.

5. (a) According to the information and explanations given to us, we are of opinion that the particulars of contracts or arrangements that need to be entered into a register in pursuance of section 301 of the Companies Act 1956, have been so entered.

(b) According to the information and explanations given to us, the transactions made in pursuance of contract or arrangements entered in the register maintained under section 301 of the Companies Act, 1956 and exceeding the values of rupees five lakhs in respect of tany party during the year have been made at prices which are reasonable having regards to prevailing market or at prices at which the company had already entered into the contract with the parties relevant at that.

6. in our opinion and accounding to the explanations given to us, the company has not accepted any deposits from the public and consequently, the directives issused by the Reserve Bank of lndia, the provisions of section 58A, framed thereunder are not applicable to the Company.

7 in our opinion, the Company has its own Internal Audit System commensurate with the size and nature of its Business.

8.According to the information and explanations given to us, The central Govt. has not prescribed for maintence of cost records under section 209 (1) (d) of the Companies Act, 1956, in respect of business carried out by the Company. Therefore, Provisions of clause 4 (vii.) of the Order are not applicable to the Company.

9.(a) According to the records of the Company, the Company is rgular in depositing with apporpriate authorties undisputed Statutory dues inculding Provident Fund, Investor Education Protection Fund, Employees State Insurance, Income Tax, excise duty and cess (except Sales Tax) which have not been deposited on account of any dispute.

(b) According to the information and explanation given to us, there no dues of income tax, custom duty, wealth tax, excise duty and cess (except Sales Tax) which have not been deposited on account of any dispute.

10. The Company has accumulated losses but it is not exceeding more than 50% of the Net Worth. However the Company incurred cash losses in current and previous Financial Year.

11. In our opinion and according to the information and explations given to us the Company has not defaulted in repayment of dues to Institutions, Bank or debenture holders.

12 In our opinion and according to the information and explanations given to us the company has not granted any loans and advance on the basis security by way of pledge of shares, debentures and other securities.

13. In our opinion, the Company is not a chit fund or a nidhi /mutual benefit fund / society Therefore, the provisions of clause 4 (xiii) of the companies (Auditors Report) Order, 2003 are not applicable to the Company.

14 In our opinion, the Company is not dealing in or trading in shares, securities, debentures and other investments and proper record have been maintained for securities transactions.

15. in our opinion and according to the information & explanation given to us, the company has not given any guarantee for loans taken by other from banks or financial institutions.

16.The Company has not taken any term loan during the year therefore the question of its application for the purpose for which they were raised does not arise.

17. According to the information and explanations given to us and on an overall examination of the balance sheet of the Company we report that the no funds raised on short-term basis have been used for long-term investment.

18. According to the information and explanations given to us, the company has not made any preferential allotment of shares during the year to parties and Companies Covered in the register maintained under section 301 of the companies Act, 1956.

19. According to the information and explanations given to us the Company has not issued any debentures. Therefore, the provisions of clause 4(x,x) Of the Order are not applicable to the company.

20 The Company has not made any Public issue during the year according the provisions of clause 4(xx) of the order not applicable to the company.

21. According to the information and explanations given to us, based upon the audit procedures performed and representation made by the management, we report that no fraud on or by the company has been noticed or reported during the course of our audit.

For Braj Kishor Aggarwal & Co. (CHARTERED ACCOUNTANTS)

Date:-01.09.2012 Place: New Delhi (CA Ganesh Kumar) Partner Mem. No. 095027 Firm Regn. No. 014611N