We iijve audited the accompanying financial statements of Fruition Venture Lid. (“the Company”), which
comprise the Balance SI sect as at March 31, 2024, (tie Statement of Profit, and Loss (including Other
Comprehensive Income), the Statement of Changes in Equity and the Statement of Cash Hows for the year
ended on ihat date, and a summary of the significant accounting policies and other explanatory information
(hereinafterreferred to as “file financial statements"}.

In our opinion and to the best of our infotniation and according tp the expirations given to us, the aforesaid
financial statements give the information required by (he Companies Ant. 2013 (“the Act”) in the nyutner So
required and give it true and fair view in conformity with the Indian Accounting Standards prescribed under
section J33 of the Act read widi the Companies (Indian Account tug Standards) Rules, 2015, as amended,
(find AS”) find other aicounliiig principles generally accepted in India, oT (be suite of affairs of (he
Company as at March 31, 2024. the profit and total comprehensive income, changes in equity and its cash
flows for the year ended on first date.

Basis for Opinion

Wie conducted our audit of tlie linartcia] stalemtiBLi in accordance with the SiAjidaids on Auditing specified
under section 143(10) of Lhe Ad (Si As) Our response Ý: hikw undui those Standards dte Hither described in
the Auditor‘s Respiinsitv. for the Audi; of the ffitartciul Statements seclioii of our report. We are
independent of the Company In accordance with lhe Code of Lillies issued by the Institute of Chartered
Accountants of India (K'AI) together with the independence requirements that are reJevtuir to our audit of
the financial statements under the provisions of the Act and lhe Rules made thereunder, and we have
Fulfilled nut other ethical responsibilities in accordance with these requirements and the ICAI’s Code of
Ethics We be 11 tv¹ that lhe audit evidence we have obtained is sufficient and appropriate to preside a basis
for our fi.lld.it Opinion tin lhe iirimiciii! Statements

Key Audit Mai lers

Key audit matters are those matters that, in our professional judgment, were of most significance in ouj
audit of the financial statements of the current period. These matters were addressed in the context of our
audit of tbe fiviajicia) slalements 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 other infonnatiuu. The uiher information
compri^eti the information included in the Director’;; Report. Management Discussion and Analysis,
Corporate Governance Report add Bositiess Responsibility Repori in the Annual Report but does not
include lire financial statemeats and out nuditer's reports thereon. Our opinion on Use financial statements
does not cover the other information and we do not express any form of assurance conclusion thereon. In
counterion witii our audit of (he 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 Em owl edge 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 misiiatement of this other
information, we arc required to report dial fact. We have nothing to report in this regard.

Managements Responsibility for the Financial Statements

The Company’s Board of Directors is responsible for foe mailers Slated in section 134(5} of the Ace with
respect to ike preparation oT these financial statements that give a true and Fail' view of the financial
position, financial performance, total comprehensive income, changes in equity and cash flows of the
Company in accordance with ihe Tud AS and otlier 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. preden (: and design, impl emeu ration and maintenance of adequate internal linancial
controls, (hat were operating effectively for ensuring (he accuracy and completeness of I be accounting
records, relevant to the preparation and presentation of the financial statements Lhat give a tree and fait- view
and are free from material misstatement, whether doe to fraud or error.

In preparing lite financial statements, management is responsible for assessing the Company's ability to
continue as a going concern, disclosing, as applicable, mailers 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 ah creative but to do so.

ih,c Bound uf Directors me respon&bfo for uvcrsceing the Company's financial reporting process.

Auditor’s Responsibilities for the Audit nt ihe Financial Statements

Cut objectives are to obtain reasonable assurance Jib..... whether the financial statements as a whole are free

horn ttiatenal misstatement, whether due in fraud or error. and to issue m auditor's report that indudeg ni.r
Opinion. Reasonable assurance is 11 high level IIraseuranee bill is an! a guShStltee lhat an audit conducted in
accordance with SAs vviJJ always delect a mtiteri.il miwatemcui when si exists. Misstatements can anse
front fraud (W error and are considered mu ten a I if indivi dually or in liie ilg^CgfJte, (heV Co aid reaSutrebiy be
expected to iufruetice (lie econoijtfe decisions of user-; taken on the btwis of these financial statenfrjjfrU,

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

» Identify and egges^ the risks of mate rial misstatement of the financial sratemcntg, whether due to fraud or
error, design ::jk1 perform audit procedures respondvo to diose risks, and obtain audit evidence ihaL is
Sufficient and appropriate t6 provide a basis for our Opinion. Til# risk of not detecting a material
misstatement: resulting from fomd is higher than for one resulting from error, .is fraud may involve
collusion. forgety. intentional omtEsioiis, misiepresen rations, or the ovtmde of internal control.

* Obtain an midersla tiding of iasertial financial controls relevant to the audit in o:dtr to design sudfr
procedures that are appropriate in the. circumstances. Under section 143(3X0 of the Act. we are also
responsible for expressing our opinion on whether .be Company tas adequate internal financial controls
system ir place and the operating dXcehveness of such controls. ¹
* Evaluate the overall presentation,, structure and content of Hie financial statements, uicUidiag die
disclosures, and uehethet die financial statements represent the underlying transactions and everts in a
milliner that .achieves fair presentation,

Materiality is the magnitude of irussluteiuoits in the financial statements that, individually or in aggregate,
makes it probable that the ccun-omit decisions of a. reasonably knowledgeable user of the financial
statements may be influenced. We consider quantitative materiality and qualitative factors in

(i) pfenning the scope of our audit wprk and in evaluating the results of our work; and
f ii) to evaluate the effort of any identified misstatements in the financial statements.

We cojnmiuiicate with those charged with governance regarding, among other matters, the planned scope
und timing of Hie audit and significant audit findings, in eluding any significant deficiencies in internal
control that we identify during dm audit

We also provide those charged with governance with a Statement that we have complied with relevant
ethical requirements regarding independence, and to cenununif-are with them all redaficmahlps and other
mauers that may reasonably be (bought 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 inatters. We describe these matters :n our auditor's report aples^ Jaw or regulation precludes public
dieclosurc about the matter or when, in extremely rare cite unis Lances, we determine dial a matter should no:
be communicated in our report because the adverse consequences of doing so would reasonably be expected
to outweigh the public interest benefits of such oomurntnidalion.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Older, 2020 ("the Order") issued by the Central
Government of India Ini terms of subjection ill) uf section 142 of tbe Act, we give in the Annexuro A, a
Statement on the matters Specified in paragraphs 3 and 4 of die Order

2. At required by section 143$) of the Companies Act, 2013, we report that:

ffi We have sought and obtained all the information and explanations wliiob to the box! of our knowledge and
belief were necessary for the purpose of our audit;

b. Inouf opinion proper books of account as required by law have been kept by the Company so far as 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 Cush Flow dealt with by ibis Report are in agreement with the
relevant books of account-

in our opinion, the aforesaid financial statements comply with the Ltd AS specified under Section 133 of
the Art. read with Rule 7 of the Companies (Accounts) Buies. 2014.

d. On the bash of written representations received from die directors ns on March 3 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 1(14(2) of ihe Companies Act, 2013

e. With respect ^ the adequacy of the internal financial controls over financial reporting of the Company and
the operating effectiveness of such controls., refer to ouf separate Report in “Annexure B”, Our report
expresses an unmodified opinion on Hie adequacy and operating ciTettiveitCss of the Company j internal
financial controls over fimmckl re-pOiting,

£ With respect to the other matters to he included in the Auditor's Report til accordance with the requirements
of section 197(1 6) of the Act, as amended: In our opinion and lo 1he best of out information and according
to the explanations given to us, the Fpmmeratiori psid by the Company to its directors during the year is in
accordiince with the provisions of Section I 97 of the Act.
g. With respect to the other matters to be included in the Auditor's Report in accordance with, Rule It of the
Companies (Audit ant! Auditors) Holes, 20] 4, ui our opinion and to the best of our information and
according Co the caplin:adatis given to us:

(ij The Company has disclosed that there are no pending litigations on its financial position in rts financial
statements

fii > The Company did not have any long term contracts in eluding derivative contacts for which there were asty
material foreseeable losses.

(iii) There has been no delay in transferring amounts, required Lo be LiausCeiTcd, Lo the Investor Education
atid Protection Fund by the Company.

For .Sunil K Gupta & Associates

Chartered Accountants

FRNNo.lj02I54N

StV-

CA. Mali call Chandra Agrawal

(Partner)

M. No. 0SS025

UDIN: 2^0S8025BKALUU6S23

Plate: New Delhi

Date: 29-05-2024

1

Evaluate the apprnpriatciic.ss of accounting policies used and llie rcajjonnblcncgi of accounting estivnalis
and related disclosures made by management.

Ý Con chide on foe appropriateness of managements use of Hie going concern basis of ac conn fug and,
based on the audil 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
0 material uncertainty exists, we are required to draw attention in our auditor's repost to the related
disclosures in the financial statements £>r, 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 conrinofeass a going concern.