We have audited the accompanying (Standalone) Ind AS Financial Statements of CINDRELLA
FINANCIAL SERVICES LIMITED (“the Company”), which comprise the Balance Sheet as at March 31,
2024, the Statement of Profit and Loss, including the statement of Other Comprehensive Income, the Cash
Flow Statement and the statement of changes in Equity for the year then ended, and a summary of significant
accounting policies and other explanatory information.

Management’s Responsibility for the (Standalone) Financial Statements

The Company’s Board of Directors 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) Ind AS financial statements that
give a true and fair view of the financial position, financial performance including other comprehensive
income, cash flows and changes in equity of the Company in accordance with the accounting principles
generally accepted in India, including the Indian Accounting Standards (Ind AS) specified under Section 133
of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 and the companies (Indian Accounting
Standards) Rules,2015, as amended.

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 the 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 Ind AS 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 (Standalone) Ind AS 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 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 of the (Standalone) Ind AS financial statements 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 (Standalone)
Ind AS financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the disclosures in
the (Standalone) Ind AS financial statements. The procedures selected depend on the auditor’s judgment,
including the assessment of the risks of material misstatement of (Standalone) Ind AS 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 (Standalone) Ind AS 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 (Standalone) Ind AS 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) Ind AS financial statements

Opinion

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid
(Standalone) Ind AS financial statements give the information required by the Act in the manner so required
and give a true and fair view in conformity with the accounting principles generally accepted in India, of the
state of affairs of the Company as at March 31, 2024, and its Profit/Loss, including statement of changes in
equity and its Cash Flow for the year ended on that date.

Report on Other Legal and Regulatory Requirements

1) As required by the Companies (Auditor’s Report) Order, 2020 (“the Order”), as amended, 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” a statement on the matters specified in paragraphs 3 and 4 of the Order.

2) As required by section 143 (3) of the Act, we report that:

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

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

c) the Company doesn’t have any branch office of the company audited under sub-section (8) by a
person other than the company’s auditor;

d) The Balance Sheet, the Statement of Profit and Loss and the Cash Flow Statement dealt with by this
Report are in agreement with the books of account

e) In our opinion, the aforesaid (Standalone) Ind AS financial statements comply with the Accounting
Standards specified under section 133 of the Act.

f) in our opinion, there are no financial transactions or matters which have any adverse effect on the
functioning of the company;

g) On the basis of written representations received from the directors as on March 31, 2024 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) of the Act.

h) in our opinion, there are no qualification, reservation or adverse remark relating to the maintenance of
accounts and other matters connected therewith;

i) 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”. Our
report expresses an unmodified opinion on the adequacy and operating effectiveness of the company’s
internal controls over financial reporting.

j) 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 does not have any pending litigations which would impact its financial position.

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

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

h) Based on our examination, the company, has used an accounting software for maintaining its books of
accounts which has a feature of recording audit trail (edit log) facility but the same was not operative
during the year.

FOR AGARWAL MAHESH KUMAR &
CO.

CHARTERED ACCOUNTANTS

@F R. No. 319154E

*

k.---

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[CA. M.K. AGARWAL]

Partner

M. No. 054394