1. We have audited the accompanying standalone Ind AS financial statements of BEEYU OVERSEAS LIMITED (“the
Company”), which comprise the Balance Sheet as at March 31 2024 and 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 then
ended and a summary of the significant accounting policies and other explanatory information (hereinafter referred to
as ‘the Standalone Financial Statements”).

In our opinion and to the best of our information and according to the explanations given to us. the aforesaid Ind AS
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 31. 2024,the loss and total
comprehensive income, changes in equity and its cash flows for the year ended on that date.

Basis for Opinion

2. We conducted our audit of the Standalone Financial Statements in accordance with the Standards on Auditing (“the
SAs”) specified under section 143(10) of the Companies Act, 2013 (the Act”) Our responsibilities under those standards
are further described in the “Auditor’s Responsibilities for the Audit of the Standalone 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 (“the ICAI”) together with the independence requirements that are relevant to our audit of the
Standalone 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 evidences we have obtained are sufficient and appropriate to provide a basis for our audit opinion on the
Standalone Financial Statements.

Key Audit Matters

3. Key Audit Matters are those matters that, in our professional judgment, were of most significance m our audit of the
Standalone Financial Statements of the current period. These matters were addressed in the context of our audit of the
Standalone 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 the matters described below to be the key audit matters to be communicated
in our report.

Information Other than the Standalone Financial Statements and Auditor’s Report thereon

4. 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. Corporate Governance, and Shareholders’ information, but does not include the Standalone Financial
Statements and our Auditor’s Report thereon.

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

6. In connection with our audit of the Standalone Financial Statements, our responsibility is to read the other information
and. in doing so, consider whether the other information is materially inconsistent with the Standalone Financial
Statements or our knowledge obtained during the course of our audit or otherwise appears to be materially misstated.

7. 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 Standalone Financial Statements

8. The Company’s Board of Directors is responsible for the matters stated in section 134(5) of the Actwith respect to the
preparation of these Standalone 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 Standalone Financial Statements that give
a true and fair view and are free from material misstatement. whether due to fraud or error.

9. In preparing the Standalone 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.

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

Auditor’s Responsibility for the Audit of the Standalone Financial Statements

11. Our objectives are to obtain reasonable assurance about whether the Standalone 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
the 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 standalone financial statements.

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

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

ii. 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,

iii. evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and
related disclosures made by management;

iv. 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 Standalone 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; and

v. evaluate the overall presentation, structure and content of the Standalone Financial Statements,including the
disclosures,and whether the Standalone Financial Statements represent the underlying transactions and events
in a manner that achieves fair presentation.

13. Materiality is the magnitude of misstatements in the Standalone 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.

14. 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.

15. 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.

16. From the matters communicated with those charged with governance, we determine those matters that were of most
significance in the audit of the standalone 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.

17. Our responsibility is to express an opinion on these Standalone Financial Statements based on our audit In conducting
our audit, we have taken into account the provisions of the Act. the accounting and auditing standards and matter which
are required to be included m the audit report under the provisions of the Act and the Rules made thereunder and the
Order issued under section 143(11) of the Act

Report on Other Legal and Regulatory Requirements

18. As required by Section 143(3) of the Act based on our audit, we report that

i) 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

ii) 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.

iii) 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 books of account

iv) in our opinion, the aforesaid Standalone Financial Statements comply with the Indian Accounting Standards
prescribed under section 133 of the Act.

v) on the basis of the written representations received from the directors of She Company as on 31 March 2024 taken
on record by the Board of Directors none of the directors are disqualified from being appointed as a director in
terms of Section 164(2) of the Act as on 31 March 2024.

vi) with respect to the adequacy of the internal financial controls over the financial reporting of the Company and the
operating effectiveness of such controls, refer to our separate Report in “Annexure A” Our report expresses an
unmodified opinion on the adequacy and operating effectiveness of the Company’s internal financial controls over
financial reporting.

vii) 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. no remuneration for
the year ended 31^st March 2024 has been paid/provided by the Company to its Directors and therefore no comments
are made in respect of compliance as enumerated in Section 197(16) read with Schedule V to the Act,

viii) with respect to the other matters to be included in the Auditor’s Report m accordance with Rufe 11 of the Companies
(Audit and Auditors) Rules 2014 as amended, in our opinion and to the best of our information and according to the
explanations given to us:

a. the Company has some pending litigations, but impact thereof on its financial positionis estimated to be not
material and hence, the same has not been accounted for in its standalone Ind AS financial statements.

b. 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:

c. there were no amounts which were required to be transferred to the Investor Education and Protection Fund
by the Company;

d. the Management has represented that other than those disclosed in the notes to accounts:

• no funds have been advanced or loaned or invested by the Company to or in any other person(s) or
entities, including foreign entities (“intermediaries”) with the understanding that the intermediary shall
whether directly or indirectly lend or investin other persons or entities identified in any manner by or on
behalf of the Company (ultimate beneficiaries) or provide any guarantee, security or the like on behalf of
ultimate beneficiaries;

• no funds have been received by the Company from any person(s) or entities including foreign entities (“funding
parties”) with the understanding that such 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 guarantee, security or the like on behalf of the ultimate beneficiaries; and

• Based on the audit procedures performed, we report nothing has come to our notice, that has caused us
to believe that the above representations given by the Management contain any material mis-statement.

e. no dividend was declared or paid during the year by the Company,

f. Proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 provides for maintaining books of account
using accounting software which has a feature of recording audit trail (edit log).But the company has maintained
the accounts manually, and accordingly, reporting under Rule 11 (g) of Companies (Audit and Auditors) Rules.
2014 is not applicable for the current year. And

19. 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 B’ a statement on the matters specified in paragraphs 3 and 4 of the Order.

For AGARWAL & ASSOCIATES

Chartered Accountants

[Firm’s Regn. No. 323210E]

RAJ KUMAR AGARWAL

Partner

Membership No. 052130

UDIN : 24052130BKAJPY7880

Kolkata, 21.05.2024