We have audited the accompanying Financial Statements of Tricom Fruit Products Limited ("the
Company"), which comprise the Balance Sheet as at 31st March 2025, 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 notes to the Financial Statements, including a summary of
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 31st March 2025, and of its net loss and total comprehensive income,
changes in equity, and cash flows for the year then ended.

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 in 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
under the provisions of the Act 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 have obtained is sufficient and appropriate to provide a basis for
our opinion.

Material Uncertainty related to Going Concern

We draw attention to Note 14.3 to the financial statements, which indicates that the Company has filed
an application under Section 10 of the Insolvency and Bankruptcy Code, 2016 (IBC) and that the
Corporate Insolvency Resolution Process (CIRP) is currently ongoing. A Resolution Professional (RP) has
been appointed by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, and the control
and management of the Company has been vested with the RP.

The appropriateness of the going concern assumption is dependent on the outcome of the resolution
process and realization of the initiatives proposed under the resolution plan, if approved. These events
or conditions indicate that a material uncertainty exists that may cast significant doubt on the
Company's ability to continue as a going concern.

Key Audit Matters

1. Corporate Insolvency Resolution Process under IBC

The Company is undergoing CIRP under the provisions of the Insolvency and Bankruptcy Code, 2016.
During the year, the Company had filed a petition under Section 10 of the IBC, and the Hon'ble NCLT
has appointed a Resolution Professional (RP) to oversee the affairs of the Company. As per the Code,
the powers of the Board of Directors stand suspended and are exercised by the RP.

We have:

• Reviewed the NCLT order and related documents;

• Evaluated the impact of the ongoing CIRP on the financial statements;

• Considered the adequacy of disclosures in the financial statements.

The matter has been appropriately disclosed in the financial statements and is considered a key audit
matter in view of its significance.

Other Information

The Resolution Professional (RP) is responsible for the other information. The other information
comprises the information included in Director's Report including Annexures, Management Discussion
and Analysis Report, Corporate Governance Report 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 identified above when it becomes available and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in audit
or otherwise appears to be materially misstated.

Responsibilities of Management and Those Charged with Governance for the Financial Statements

The Company's Board of Directors is responsible for the preparation of the financial statements that give
a true and fair view in accordance with the applicable Indian Accounting Standards and the provisions of
the Companies Act, 2013. However, due to the ongoing Corporate Insolvency Resolution Process (CIRP)
under the Insolvency and Bankruptcy Code, 2016, the powers of the Board of Directors have been
suspended, and such responsibilities have been vested with the Resolution Professional (RP) appointed
by the Hon'ble National Company Law Tribunal (NCLT). These responsibilities include the preparation of
the financial statements, assessment of the Company's ability to continue as a going concern,
safeguarding of the Company's assets, ensuring the accuracy and completeness of the accounting
records, and compliance with all applicable legal and regulatory requirements.

Auditor's Responsibilities for the Audit of 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 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 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 of India in terms of sub-section (11) of section 143 of the Companies Act, 2013, we give
in the "Annexure A", 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 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),
the Statement of Changes in Equity and the Cash Flow Statement 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 Indian Accounting Standards
specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules,
2014;

(e) As per the provisions of the Insolvency and Bankruptcy Code, 2016 the powers of the Board of
Directors have been suspended upon the appointment of the Resolution Professional ('RP') by
the Hon'ble National Company Law Tribunal (NCLT). Accordingly, the requirements of reporting
on directors' disqualification under Section 164(2) of the Companies Act, 2013 are not
applicable for the year ended 31st March 2025;

(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. The Company has disclosed the impact of pending litigations on its financial position in its
financial statements - Refer Note Note 14.1 to the Financial Statements;

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

iii. There has been no delay in transferring amounts, required to be transferred, to the Investor
Education and Protection Fund by the Company.

iv. Based on our examination, which includes test checks, the company has used an accounting
software for maintaining its books of account for the period ended 31st March, 2025, 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. Further, during the course of
our audit we did not come across any instance of audit trail feature being tampered with.

As proviso to rule 3(1) of the Companies (Accounts) Rules, 2014 is applicable from April 1, 2024,
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 applicable for the period ended as on 31st
March, 2025 and company maintain the same.

For A. K. Kocchar & Associates
(Chartered Accountants)

FRN: 120410W

Hitesh Kumar S
(Partner)

Membership No. 134763
UDIN: 25134763BMHLMR8777
Place: Mumbai
Date: 27th May 2025