Auditor Report of Senthil Infotek Ltd.

Mar 31, 2024

We have audited the accompanying financial statements of SenthilInfotek Limited, which
comprise the Balance Sheet as at March 31st, 2024, the Statement of Profit and Loss
(including Other Comprehensive Income), the Statement of Changes in Equity and the
Statement of Cash Flows for the year ended on that date, and a summary of the significant
accounting policies and other explanatory information (hereinafter referred to as “the
financial statements”).

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 (“the Act”) in the manner so required and give a true and fair view in conformity with the
Indian Accounting Standards prescribed under section 133 of the Act read with the
Companies (Indian Accounting Standards) Rules, 2015, as amended, (“Ind AS”) and other
accounting principles generally accepted in India, of the state of affairs of the Company as at
March 31st, 2024, the loss and total comprehensive income, changes in equity and its cash
flows for the year ended on that date.

Basis for opinion

We conducted our audit of the financial statements in accordance with the Standards on
Auditing specified under section 143(10) of the Act (SAs). Our responsibilities under those
Standards are further described in the Auditor''s Responsibilities for the Audit of the financial
statements section of our report. We are independent of the Company in accordance with
the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI) together
with the independence requirements that are relevant to our audit of the financial statements
under the provisions of the Act and the Rules made thereunder, and we have fulfilled our
other ethical responsibilities in accordance with these requirements and the ICAI''s Code of
Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our audit opinion on the financial statements.

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 Auditor’s 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 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 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 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 Act with respect to the preparation of these financial statements that give a true and fair
view of the financial position, financial performance, total comprehensive income, changes
in equity and cash flows of the Company in accordance with the Ind AS and other accounting
principles generally accepted in India. This responsibility also includes maintenance of
adequate accounting records in accordance with the provisions of the Act for safeguarding
the assets of the Company and for preventing and detecting frauds and other irregularities;
selection and application of appropriate accounting policies; making judgments and
estimates that are reasonable and prudent; and design, implementation and maintenance
of adequate internal financial controls, that were operating effectively for ensuring the
accuracy and completeness of the accounting records, relevant to the preparation and
presentation of the financial statements that give a true and fair view and are free from
material misstatement, whether due to fraud or error.

In preparing the financial statements, management is responsible for assessing the
Company''s ability to continue as a going concern, disclosing, as applicable, matters related
to going concern and using the going concern basis of accounting unless management
either intends to liquidate the Company or to cease operations, or has no realistic alternative
but to do so.

The Board of Directors are 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 skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement of the financial statements,
whether due to fraud or error, design and perform audit procedures responsive to those
risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for
our opinion. The risk of not detecting a material misstatement resulting from fraud is
higher than for one resulting from error, as fraud may involve collusion, forgery,
intentional omissions, misrepresentations, or the override of internal controls.

• Obtain an understanding of internal financial controls relevant to the audit in order to
design audit procedures that are appropriate in the circumstances. Under section
143(3)(i) of the Act, 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
However, future events or conditions may cause the Company to cease to continue as
a going concern.

• Evaluate the overall presentation, structure and content of the financial statements,
including the disclosures, and whether the financial statements represent the
underlying transactions and events in a manner that achieves fair presentation.

• Materiality is the magnitude of misstatements in the financial statements that,
individually or in aggregate, makes it probable that the economic decisions of a
reasonably knowledgeable user of the financial statements may be influenced. We
consider quantitative materiality and qualitative factors in (i) planning the scope of our
audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any
identified misstatements in the financial statements.

We communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit and significant audit findings, including any significant
deficiencies in internal 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 in terms of Section 143(11) of the Act, we give in “Annexure- A”
a statement on the matters specified in paragraphs 3 and 4 of the order.

2. As required by Section 143(3) of the Act, based on our audit 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 including Other Comprehensive
Income, Statement of Changes in Equity and the Statement of Cash Flow dealt with by
this Report are in agreement with the relevant books of account.

d) In our opinion, the aforesaid financial statements comply with the Ind AS specified
under Section 133 of the Act.

e) On the basis of the written representations received from the directors as on March
31st, 2024, taken on record by the Board of Directors, none of the directors is
disqualified as on March 31st, 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 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. TheCompany has disclosed the impact of pending litigations on its financial position in
its financial statements to the financial statements in Note No43.;

ii. The Company has made provision, as required under the applicable law or accounting
standards, for material foreseeable losses, if any, on long term contracts including
derivative contracts;

iii. There has been no delay in transferring amounts required to be transferredto 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 (which are material either individually or in the aggregate) 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 or entity, including
foreign entity (“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 (which are material either individually or in the aggregate) have been received by
the company from any person or entity, including foreign entity 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;

v. The company has neither declared nor paid any dividend during the year as per
Section 123 of the Act.

vi. Based on our examination, which included test checks, the Company has used
accounting software''s for maintaining its books of account for the financial year ended
March 31,2024, which has a feature of recording audit trail (edit log) facility and the
same has operated throughout the year for all relevant transactions recorded in the
software''s. Further, during the course of our audit we did not come across any instance
of the audit trail feature being tampered with.

As proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 is applicable from April 1,
2023, reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 on
preservation of audit trail as per the statutory requirements for record retention is not
applicable for the financial year ended March 31,2024.

For MSPR& CO.,
Chartered Accountants
Firm Reg No.010152S

Sd/-

CA Teja Kiran P
Partner

Place: Hyderabad Membership No. 263464

Date:29.05.2024 UDIN:24263464BKEWQP167

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Mar 31, 2015

We have audited the accompanying financial statements of M/s. Senthil Infotek Limited, Hyderabad 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 the 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 Rule 7 of the Companies (Accounts) 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 the 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 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. An audit also includes evaluating the appropriateness of the accounting policies used and the reasonableness of the accounting estimates made by the 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 financial statements.

Opinion

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 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 31s1 March, 2015;

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

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

Report on Other Legal and Regulatory Requirements

As required by the Companies (Auditor's Report) order,2015, 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 statement on the matters specified in paragraphs 3 and 4 of the order, to the extent applicable.

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, 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 Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.

(e) Based on the Written Representation received from the directors as on 31st March 2015, and taken on record by the Board of Directors, we report that none of the directors are disqualified as on 31st March, 2015 from being appointed as a director in terms of Sub- section 2 of Section 164 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 Company has no pending litigations on its financial position which would impact its financial statements - Refer clause No.vii(b) of CARO,2015 ;

Annexure referred to in paragraph 1 of Section Report on Other Legal and Regulatory

Requirements of the Independent Auditor's Report of even date of, Senthil Infotek Limited

Hyderabad on the financial statements for the year ended March 31,2015

i. In respect of fixed assets

() The company is maintaining proper records showing full particulars, including quantitative details and situation of fixed assets;

(b) As explained to us, all the fixed assets have been physically verified by the Management during the year. No material discrepancies were noticed on such verification.

ii. In respect of its inventories: The Company does not have any inventories at the end of the year and hence the clause (ii) of Companies (Auditor's Report) Order, 2015 is not applicable.

iii. In respect of loans:

As informed to us, the company has not granted any loans, secured or unsecured to companies, firms or other parties covered in the register maintained under section 189 of the Companies Act.

iv. In our opinion and according to the information and explanations given to us, there are adequate internal control systems commensurate with the size of the company and the nature of its business for the purchase of inventory, fixed assets and for the sale of goods & services.

v. The company has not accepted any deposits, and hence clause (v) of Companies (Auditor's Report) Order, 2015 is not applicable.

vi. According to the information and explanations given to us, maintenance of cost records under Section 148(1) of the Companies Act, 2013 are not applicable to the company. Hence clause (vi) of Companies (Auditor's Report) Order, 2015 is not applicable.

vii. a) According to the information and explanations given to us and the records as produced and examined by us, in our opinion, the company is regular in depositing undisputed statutory dues including Income tax, Service tax, Customs Duty and other material statutory dues during the year by the company with the appropriate authorities. As explained to us, the company did not have any dues on account of Employee's State Insurance, Sales Tax, Excise duty, Wealth tax and Investor Education and Protection Fund.

According to the information and explanations given to us, no undisputed amounts payable in respect of Provident Fund, Income-tax, Service tax, Customs duty and other material statutory dues were in arrears as at 31 March 2015 for a period of more than six months from the period they became payable.

b) According to the information and explanations given to us, there are no dues of Income tax, Sales tax and customs duty which have not been deposited with the appropriate authorities on account of dispute. As informed to us, the company did not have any dues on account of Wealth tax and excise duty.

viii. The Company does not have any accumulated losses and has not incurred cash losses in the current financial year and in the immediately preceding financial year.

ix. In our opinion and according to the information and explanations given to us, the company has not defaulted in repayment of dues to its bankers and financial institutions.

x. According to the information and explanations given to us the company has not given any guarantee for loans taken by others or banks or financial institutions. Thus paragraph 3 (x) of the order does not apply to the company for the year.

xi. In our opinion and according to the information and explanations given to us, the company has not taken any term loans from banks and financial institutions.

xii. According to the information and explanations given to us, no fraud on or by the company has been noticed or reported during the course of audit.

For P.Srinivasan & Co., Chartered Accountants, Firm Registration No. 004055S

K. Ranganathan Partner Place: Secunderabad M.No:010842 Date: 27/05/2015

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Mar 31, 2014

We have audited the accompanying financial statements of Senthil Infotek Limited (''the company''), which comprise the Balance Sheet as at March 31, 2014, the statement of Profit and loss of the Company and the cash flow Statement of the Company 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 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 flow of the Company in accordance with the Accounting Standards notified under the Companies Act, 1956 (''the Act'') read with the General Circular 15/2013 dated 13th September, 2013 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act, 2013 and in accordance with the accounting principles generally accepted in India. 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 aforesaid 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 31,2014;

b. In the case of the Statement of Profit and Loss, of the Profit for the year ended on that date; and

c. 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, as amended (''the Order'') issued by the Central Government of India in terms of Sub- Section (4A) of Section 227 of the Companies Act,1956(''the Act), we give in the Annexure a statement on the matters specified in Paragraphs 4 and 5 of the said 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 purposes of our audit;

b. In our opinion, proper books of accounts 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 accounts;

d. In our opinion, the Balance Sheet, Statement of Profit and Loss and Cash Flow Statement comply with Accounting Standards notified under the Act read with the General Circular 15/2013 dated 13th September, 2014 of the Ministry of Corporate Affairs in respect of Section 133 of the Companies Act, 2014.

e. On the basis of written representations received from the Directors, as on 31st March, 2014 and taken on record by the Board of Directors, we report that none of the Directors is disqualified as on 31st March, 2014 from being appointed as a director in terms of Section 274(1)(g) of the Companies Act,1956;

Referred to in Paragraphl under the heading of "Report on Other Legal and

Regulatory Requirements" of our report of even date.

1. There are no particulars to be specified regarding the fixed assets under items 4(i) and 4(ii) of the said order as the company has not acquired any major fixed assets during the financial year.

2. According to the information and explanations given to us, the Company has not granted or taken any loans, secured or unsecured to/from companies, firms or other parties covered in the register maintain under Section. 301 of the Companies Act, 1956.

3. As the company has not granted or taken loans to/from companies, firms or other parties listed in the register maintained under section 301 of the Companies Act, 1956 the clause relating to rate of interest and other terms and conditions of loans given or taken by the company, secured or unsecured, which are prima facie prejudicial to the interest of the company is not applicable to the company.

4. As the company has not taken loans from/ granted to companies, firms or other parties listed in the register maintained under section 301 of the Companies Act, 1956 the clause relating to the regular payment of principal amount and interest is not applicable to the company.

5. As the company has not taken loans from or granted to companies, firms or other parties listed in the register maintained under section 301 of the Companies Act, 1956 the clause relating to steps taken for recovery/payment of the principal and interest on overdue amount of more than one lakh, is not applicable to the company.

6. 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 regard to purchase of inventory, fixed assets and with regard to the sale of goods are not applicable to the company.

7. The Company has not accepted deposits from the public during the year under review within the purview of section 58A and 58AA of the Companies Act 1956 and the rules framed under.

8. The internal audit system is not applicable.

9. The maintenance of cost records under Section 209(1) (d) of the Companies Act, 1956 are not applicable to the company.

10. Provisions of the Provident Fund Act and Employees State Insurance Act are not applicable to the Company.

11. According to the information and explanation given to us and the books examined by us, there are no amounts outstanding as on the date of the balance sheet in respect of undisputed Income-Tax, Sales-Tax, Wealth Tax, Custom Duty, Excise Duty, Cess and any other statutory dues applicable to it for a period not more than six months from the date they become payable

12. Items No.4 (a) (ix) to 4(a) (xxi) of the said orders are not applicable.

The Company has only one class of equity shares having par value of Rs.10 per share.Each holder of Equity shares is entitled to one vote per share

For P.SRINIVASAN & Co., Chartered Accountants Firm''s Registration No.004055S

K.RANGANATHAN Secunderabad Partner 29-05-2014 Members hip N o. 010842

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Mar 31, 2012

We have audited the Balance Sheet of Senthil Infotek Limited as at 31 March 2012 and the profit and loss account for the year ended on that date annexured here to and the cash flow statement for the period ended on the date. 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.

We have conducted our audit in accordance with auditing standards generally accepted in India. These 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 amount 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 reason-able basis for our opinion.

1. As required by the Companies (Auditors Report) Order. 2003, issued by the Government of India in terms of Section 227(4A) of the Companies Act, 1956, We enclose in the annexure, a statement on the matter specified in paragraphs 4 and 5 of the said order Further to our comments referred to paragraph 1 above 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 accounts 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, profit & loss account and cash flow statement dealt with by this report is in agreement with the books of account.

d) In our opinion, the Balance Sheet, profit & loss account and cash flow statement dealt with by this report comply with the Accounting Standards referred to in sub-section (3c) of Section 211 of the Act, 1956.

e) Based on written representations received from the Directors, as on 31 March 2012 and taken on record by the Board of Directors, we report that none of the Directors is disqualified as on March 2012, from being appointed as a Director in terms clause (g) of sub-section 274 of the Companies Act, 1956.

f) In our opinion and to the best of our information and according to the explanation given to us. The annexed accounts read with the notes and Accounting Policies in Schedules give a true and fair view in conformity with accounting principles generally accepted in India

i) In the case of the Balance Sheet, of the state of affairs of the Company as at 31st March, 2012.

ii) In the case of profit & loss account of the profit for the year ended on that date.

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

Annexure to Auditor's Report

1. There are no particulars to be specified regarding the fixed assets under items 4(i) and 4(ii)of the said order as the company has not acquired any major fixed assets during the Financial year

2. The company has not granted any loans, secured or un-secured to Companies, Firms or other parties listed in the register maintained under Section 301 & 370 (1-B) of the Companies Act. 1956.

3. The Company had not taken any loans, secured or un-secured from Companies, Firms or other parties listed in the register maintained under Section 301 of the Companies Act, 1956 or from Companies under the same management as defined under Section 370 (1-B) of the Companies Act, 1956

4. Internal control procedure commensurate with the size of the company and the nature of its business for the purchase of raw material, equipment, spares, other assets and for sale of goods are not applicable.

5. There have been no transactions for purchase of goods, materials, services and sale of goods, materials and services attracting the provisions of Section 301 of the Companies Act, 1958.

6. The Company has not accepted any deposits from the public during the year under review within the purview of Section 58A and 58AA of the Companies Act. 1956 and the rules framed there under.

7. Internal audit system is not applicable.

8. The maintenance of cost records under 209(1) (d) of the Companies Act, are not applicable

9. Provisions of Provident Fund Act and the Employee's State Insurance Act are not applicable to the Company.

10. According to the information and explanation given to us and the books examined by us. there are no amounts outstanding as on date of the Balance Sheet in respect of undisputed income -Tax, Customs Duty. Sales Tax and Excise Duty, for a period of more than six months from the date they became payable.

11. Items No 4(a)(ix) to 4(a)(xxi) of the said orders are not applicable.

For P. Srinivasan & Co. Chartered Accountants

Sd/- K. Ranganathan Partner M.No. 10842

Secunderabad 03-09-2012

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Mar 31, 2010

We have audited She Balance Sheet of Senthil Infotek Limited as at 31st March 2010 and the profit and loss account for the year ended on that date annexured here to and the cash flow statement for the period ended on the date. 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.

We have conducted our audit in accordance with auditing standards generally accepted in India. These 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 amount 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.

1. As required by the Companies (Auditors Report) Order. 2003, issued by the Government of India in terms of Section 227(4A) of the Companies Act, 1956, We enclose in the annexure, a statement on the matter specified in paragraphs 4 and 5 of the said order Further to our comments referred to paragraph 1 above we report that:

i) 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 accounts 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, profit & loss account and cash flow statement dealt with by this report is in agreement with the books of account.

d) In our opinion, the Balance Sheet, profit & loss account and cash flow statement dealt with by this report comply with the Accounting Standards referred to in sub-section (3c) pf Section 211 of the Act, 1956.

e) Based on written representations received from the Directors, as oir 31 March 2010 and taken on record by the Board of Directors, we report that none of the Directors is disqualified as oh March 2010, from being appointed as a Director in terms clause (g) of sub-section 274 of the Companies Act, 1956. -

f) In our opinion and to the best of our information and according to the explanation given to us. the annexed accounts read with the notes and Accounting Policies in Schedules give a true and fair view in conformity with accounting principles generally accepted in India

i) In the case of the Balance Sheet, of the state of affairs of Company as at 31st March, 2010.

ii) In the case of profit & loss account of the profit for the year ended on that date.

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

Annexure to Auditor's Report

1. There are no particulars to be specified regarding the fixed assets under items 4(i) and 4(ii)of the said order as the company has not acquired any 'major fixed assets during the Financial year

2. The company has not granted any loans, secured or un-secured to Companies, Firms or other parties listed in the register maintained under Section 301 & 370 (1- B) of the Companies Act 1956.

3. The Company had not taken any loans, secured or un-secured from Companies, Firms or other parties listed in the register maintained under Section 301 of the Companies Act, 1956 or from Companies under the same management as defined under Section 370 (1-B) of the Companies Act, 1956

4. Internal control procedure commensurate with the size of the company and the nature of its business for the purchase of raw material, equipment, spares, other assets and for sale of goods are not applicable.

5. There have been no transactions for purchase of goods, materials, services and sale of goods, materials and services attracting the provisions of Section 301 of the Companies Act, 1958.

6. The Company has not accepted any deposits from the public during the year under review within the purview of Section 58A and 58AA of the Companies Act. 1956 and the rules framed there under.

7. Internal audit system is not applicable.

8. The maintenance of cost records under 209(l)(d) of the Companies Act, are not applicable

9. Provisions of Provident Fund Act and the Employee's State Insurance""Act""are"'"not applicable to the Company.

10. According to the information and explanation given to us and the books examined by us. there are no amounts outstanding as on date of the Balance Sheet' in respect of undisputed income -Tax, Customs Duty. Sales Tax and Excise Duty, for a period of more than six months from the date they became payable.

11. Items No 4(a)(ix) to 4(a)(xxi) of the said orders are not applicable.

Secunderabad P. Srinivasan & Co

August 1, 2010 Chartered Accountants

K. Ranganathan Partner

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Mar 31, 2009

We have audited She Balance Sheet of Senthil Infotek Limited as at 31 March 2009 and the profit and loss account for the year ended on that date annexure here to and the cash flow statement for the period ended on the date. 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.

We have conducted our audit In accordance with auditing standards generally accepted In India. These 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 amount 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.

1. As required by the Companies (Auditors Report) Order. 2003, issued by the Government of India In terms of Section 227(4A) of the Companies Act, 1956, We enclose In the annexure, a statement on the matter specified In: paragraphs 4 and 5 of the said order Further to our comments referred to paragraph 1 above 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 accounts 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, profit & loss account and cash flow statement dealt with by this report Is In agreement with the books of account.

d) In our opinion, the Balance Sheet, profit & loss account and cash flow statement dealt with by this report comply with the Accounting Standards referred to In sub-section (3c) pf Section 211 of the Act, 1956.

e) Based on written representations received from the Directors, as on 31 March 2009 and taken on record by the Board of Directors, We .„ . , report that none of the Directors Is disqualified as on March 2009, from being appointed as a Director in terms clause (g) of sub-section 274 of the Companies Act, 1956.

f) In our opinion and to the best of our Information and according to the explanation given to us. the annexed accounts read with the notes and Accounting Policies In Schedules give a true and fair view In conformity with accounting principles generally accepted in India

I) In the case of the Balance Sheet, of the state of affairs of Company as at 31st March, 2009.

ii) In the case of profit & loss account of the profit for the year ended on that date.

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

Annexure to Auditor's Report

1. There are no particulars to be specified regarding the fixed assets under items 4(1) and 4(ll)of the said order as the company has not acquired any major fixed assets during the Financial year

2. The company has not granted any loans, secured or un-secured to Companies, Firms' or other parties listed In the register maintained under Section 301 & 370 (1- B) of the Companies Act. 1956. i

3. The Company had not taken any loans, secured or un-secured from Companies, Firms or otter parties listed in the register maintained under Section 301 of the Companies Act, 1956 or from Companies under the same management as defined under Section 370 (1-B) of the Companies Act, 1956

4. Internal control procedure commensurate with the size of the company and the nature of Its business for the purchase of raw material, equipment, spares, other assets and for sale of goods are not applicable.

5. There have been no transactions for purchase of goods, materials, services and sale of goods, materials and services attracting the provisions of Section 301 of the Companies Act, 1958.

6. The Company has not accepted any deposits from the public during the year under review within the purview of Section 58A and 58AA of the Companies Act. 1956 and the rules framed there under.

7. Internal audit system Is not applicable.

8. The maintenance of cost records under 209(l)(d) of the Companies Act, are not applicable

9. Provisions of Provident Fund Act and the Employee's State Insurance Act are not applicable to the Company.

10. According to the information and explanation given to us and the books examined by us. there are no amounts outstanding as on date of the Balance Sheet In respect of undisputed Income -Tax, Customs Duty. Sales Tax and Excise Duty, for a period of more than six months from the date they became payable.

11. Items No 4(a)(ix) to 4(a)(xxl) of the said orders are not applicable.

Secunderabad P. Srinivasan &.Co

August 1, 2009 Chartered Accountants

K. Ranganathan Partner