We have audited the accompanying financial statements of NORRIS MEDICINES
LIMITED (“the Company”], which comprise the Balance Sheet as at 31^stMarch,2024, 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 and financial
performance and cash flows of the Company in accordance with the accounting
principles generally accepted in India, including the Accounting Standards specified
under Section133 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 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 there under.

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 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 standalone 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

requiredandgiveatrueandfairviewinconformitywiththeaccountingprinciplesgenerallyac
ceptedinIndia,ofthestateofaffairs of the Company as at 31^stMarch,2024, and its profit and
its cash flows for the year ended on that date.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order,2016(“the Order”]issued
by the Central Government of India in terms of sub-section (11) of section 143 of the
Companies Act (hereinafter referred to as the "Order"), and on the basis of such checks
of the books and records of the Company as we considered appropriate and according to
the information and explanations given to us, we give in the Annexure a statement on
the matters specified in paragraphs 3 and 4 of the said Order.

2. As required by Section143(3)of the Act, we report that:

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

(b) In our opinion, proper books of account as required by law have been kept by
the Company so far as it appears from our examination of those books.

(c) The Balance Sheet, the Statement of Profit and Loss and 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 specifiedunderSection133oftheAct, readwithRule7oftheCompanies
(Accounts) Rules, 2014.

(e) On the basis of the written representations received from the directors as on
31^stMarch,2024 and taken on record by the Board of Directors, none of the directors is
disqualified as on 31^st March, 2023 from being appointed as a director in terms of
Section164(2) of the Act.

The Company has, in all material respects, an adequate internal financial controls

(a) system over financial reporting and such internal financial control over financial
reporting were operating effectively as at 31^stMarch,2024, based on the internal
control over financial reporting criteria established by the Company.

(b) The reporting under Rule 11(g) of Companies (Audit and Auditors) Rules,2014 is

applicable from 1^st April, 2023. Based on our examination which includes test check,
the company has used an accounting software for maintaining its books of accounts
which does not have a feature of recording Audit Trial (Edit Log) facility.
Consequently, the company has not operated an Audit Trial for all the transactions
recorded in the software throughout the year and because of that, we cannot
comment that at any instance the Audit Trial feature being tampered with.

(c) 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 disclosed the impact, if any, of pending litigations as at 31^st March,
2024on ifinancial position in its financial statements.

(ii) The Company did not have any long term term contracts including derivative
contracts as at 31^stMarch, 2024.

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

Place :ANKLESHWAR For, BAHEDIA & ASSOCIATES,

Date :16^th August,2024 Chartered Accountants

SF-68 &69, Hexzone Arcade, 2^ndFloor,

NR. Jayaben Modi Hospital, SD/-

Valia Road, GIDC, ANKLESHWAR -393002. (CA. BADRILAL R. BAHEDIA)

PROPRIETOR

M.No.048066

(Firm Reg.No.114421W)

UDIN:24048066BKADJW4386