W« have audited Die financial statement* of Parmeshwar Metal Limited
(Previously known as Parmeshwar Metal Private Limited) ("the Company *), which
comprise the balance shoot as nt 31* March 2024. and the Mutement of profit ami loss
amt sLatement of cash flown for the period ended, and notes to the iinimcia) statements,
including a summitry of significant accounting policies ami other explanatory
information (hereinafter referred to os the niandoJune financial statements*^,|

In our opinion and to the best, of our information and according to the explanations
gjvrn to us, the aforesaid financial stiitenimts give tile information required by the
Companies Act . 2013 in the manner so required and give a true and fair vLsw n
conformity with the accounting principle* generally accepted in India, of tJie state of
Affairs uf the Company OS or March 31, 2024. and its Profit, and its cash flows for the
period ended.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditmg (SAn) «|>n:ificd
hndrr section 143(10) of the Companies Act. 2013. Our rrspensibilities under those
Standard* my further dcr,cribrd in the Auditor* Responwhilmcti for the Audit of the
fin uncial Statement* wretion of our report We axe independent of the Company in
accordance with the Code of Ethics issued by the Institute of Chartered Accounts ala of
Indin together with the ethical requirements that axe rrlevunt to our audit of the
financial mmcrncntB under Lho provisions of the Companies Art, 2013 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 hiivr
obtained in nuflicienl and appropriate to provide n husis for our opinion on the
Hiavidalone financial statements.

Information Other than the Financial Statements and Auditor's Report Thereon

The Company * Board of Director* is responsible for the preparation of other
information. The other information obtained at the dale of this auditors report is
information included in the Board of Directors' report, but does not include the
Standalone financial statement* and our auditor's report thereon.

«iur opinion Oil the financial statements does not cover the other information mid *v do
nut express* any form of .insurance conclusion thereon.

II fVjJUi»l-f • .1

\\J\ Vrvj£r

In connection with our audit of the financial statements, our responsibility is to read
lhr other information and, in doing so, consider whether the other information s»
materially inconsistent with the fmuncial statements or our knowledge obtained in the
audit or otherwise appear* to be materially misstated

If, bused on the woTk we have performed, we conclude that there is .1 material
inisntaicrocnt uf this other information we urc required to repan that fact. We have
nothing to report in this regard.

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

The Company's Board of Directors ta responsible for the matters stated in wclion 134(5}
of the Companies Act, 2013 fthe Act*] with respect to the preparation of these ftmmdal
statements that give a true and fair view of the financial position, financial performance
and cash flows of the Company in accordance with the accounting principles generally
accepted m India, including the accounting Standards specified under section 133 o£
the This responsibility also- includes maintenance of adequate accounting records
in nccordnnce with the provisions of the Act for safeguarding of flic asricta nl the
Com puny and for preventing and detecting frauds and oilier irregular! tie n; selection .old
Application of appropriate accounting policies; making judgments and estimate* that
arc reasonable and prudent; und design, implementation and maintenance oi 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 thnt give a true and fair view and are free from material
misstatement, whether due tn fraud or error.

In preparing die financial statements, die Board of Directors is responsible for unseaming
die Company’s ubility to continue as a going concern, disclosing, an applicable, matters
related to going concern and using the going concern basis of accounting unless the
Board of Directors either intends to liquidate the Company* or to cense operation%, or
has no realistic alternative but to do so.

The Board of Directors arc also responsible for overseeing the Company's financial

reporting process

Auditor's Responsibilities for tho Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial
statements as o whole ore free from material misstatement. whefhet due to fraud or
error, and to issue an auditor’s report thut includes our opinion. Reasonable assurance
is n high level uf assurance, but is not a guarantee thut an audit conducted in
Accordance with SAa will always ilctect u material misstatement when it cunts
Misstatements cam arise from fraud or error und are considered material if, individually
or in the aggregate, they could reasonably be expected to influener thr economic
decisions of users taken an the basis of these financial statements.

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

* !l^Cn,^t5^y “T^d ""5“ ^{t,M: nttk}* ⁰¹ raa,crlnl miwtutemmt of the fmtuirtnl statement*

imernnkoS omuaion,. misrepresentation*. or the Zrridc of

^()b‘^{iUJ111,1 lln}dersinndiiig af internal control reliant to the audit in order 1, Am*

arrs!^jr^is.sis»^ai=

Ýn place and ,hc opening .535 **««

• Evaluate the uppropmteneu of accounting poUae* un^i
of accounting entimutes and related dacSS

uncc_rtam_tr4C,ck.rd ,_Ql.!.nL ^ ' obtiuned, whether u materia]

on the Company's ability to continue us _u eoTne ^mU> o*⁵' ⁶¹*^nlf"^rnnI d™*"
matenal uncertain tv «d«r* » tonctsm If we conclude thni a

«(W.( to Ihn irlalnl'diMltntum In oorh o ^'^,,I,0r'

Ý ss^is* rsrr'.r tt *«- «»—Ý

ssstir ”^art""‘ Ý“«—

»»..r«o„ «iu, .sssiKrjssssg s^eis!r*‘

•nth rolo^cthk^re^oommio T"^{1 lha}' ** Swn ooinplled

them nU relationship* und olher muluSfdmfu'.' *° ¹ »">mumcatc with
independence. and" X^S

communicated with those chanted with km— ™ jftntrdn Prom the matters
uerr of most significance in It,/nodi! o! ihTfi^ e 'i ^dc,l!rmlnr *»«”* matters dial
mid are thence the £yauditXX WeXSX —- Pmrxl

report unless law or regulation precludes mihlfr dX *«» matter* ⁱⁿ °Ur auditor s

- XSs.'sssxs jhss:

I -}| ,F ]k*k I

Roport on Other UfU and Regulatory Requirement.

?**> «*n. ie»ued by

Com panic. Act, 2013. we ,pve ,„ ,_hc Annex^re °(_tl‘^eCtJOn ' *³ * ^,hc

m paragraphs 3 and 4 of the Order, to the extent sppuSr *P^oetfl“¹

a. An required by Section 143(3| or the Act. we report that:

»tasriss5Ss=B:rss=s=K'-

SsaSSS »

the ha, «8>il«rly taken, hovrever

IhS Srr ,n°^r^memw^7he^U^^^“^U'
AccoimttnRsSmdJ^^S^u«S«^,stcUoM^on»^A^^y °^{wnpl> wa}'

U>e Companies |AeeotmU| Rule, 2014 * ’ ^{rc,,d w,,h Ru,r 7}

for the retirement benefit, payable to if. ^fpjoy^u"' ^C<>mpu”^{y h}" ^ncl< *W*M

3H Mt^hSr" "^0tU •*««.« on
t» di.quulifird uh on 31.1 March 2024 from he ° ^D]recl,,n'. none of the director.
Of Section 164 (3) of the Act ^{8 appom,<!d} “ « doctor in tern,.

reportingon£»^pany^dtiL°^v” ^l,,uul“d
our separate Report in 'Annexure S' ⁸ of such controls, refer to

(MJ The provision# of section 197 read with Schedule u <

applicable to the Company for the period ended 3 l-tta_fch ** “^{,r not}

(hi Based on our examination which included t_csl checks th r _m
nn accounting wftwwt for aanintatniiu it* , Company haa uwrtf

of recording audit trail (edit loin i *** ^IM,<,ounl ^ch ha* a feuuirr

operated throughooUhe yeV^ 111 relmZ,^," '^h“' “« >*•

Further, during die courxc of our «udk rocortfed In the software

audit trail feature being tampered mth As* l,^C°p "i *£?** “** ^{iafctiin,:c of}
(Accounts) Rules* 2014 is applicable* from Voril I km ^{Kttte 3}!*J ^{o1 ,hc}
of the Companies (Audit and Auditor hi Rulru Jofj²³* ^r<‘^{poJ ,ln#i undcr RuIc} * Ug)
-•per M,c statutory requir^?*^ 3 of audit trail

financial year ended March 31. 2024 ^U ' ^tenU°° ’* ^not “PP^cublr for (hr

|i) With rc&pect to the other mutter* to be included Ln the Au/4ltn.-v a

=^XM«a=a-5si5sS2E=

* •—* " - *—

Thr rmum^ement Hun represented that, to the beat of fc* knawfcctir*

b, ^{d fl}'^lv,mccd Of loaned or unrated (either fruen

ftTiST hi °^r '^{hare prpn,lum} °f “>y other aoum* „_r kind ,:f

in^f, ,^byr' ^C°^{mpnny to or in} “> ^othcr PenotU>l or rnntytic.l

whether r^r^ '"‘h understand,,«!

wnether recorded in writing or otherwinr* thid th/* *

or cntihr*^d^CnfT^r^^,ly °^{f mdmfCt,y lrmi} «^r ‘"^v«t m othcr person^
.ntitir* identified in any manner whatsoever by or on

Om company fUltmude Be»efich,ne,-| or provide LZZlIr-

*^CCT,n«^{> or lhc} Uke on behalf of the Ul.imate feneLane,

*

=!sstas:c3*.isai££R5

pennon a or entiuen identified tn any manned whut^lr
^_lr“^{hC FUDdln,t P}*^rty ('Ultimate BmUtScfcmeO _or provide ,„“y

^{or ,hp} -» " - *?T£2

li flU'S !W«sY£t1

• ™ P«wcdui« which we considered reasonable and

ippropnatc ,n the ctreum* tuner*. nothing has come to our notice
at has caused us to believe that the representations under Rub-
dause (i) and (nj contain any material mu-statement

For Oattani & Associates

Chartered Accountants

Firm Registration No.: 103097W

Per Varun Jajoo
Partner

Membership No. 167349
Date: 05* September. 2024.

Place: Ahmedabad

UDIN: B<" gW