We have audited the accompanying Standalone
Ind AS financial statements of Yatharth Hospital &
Trauma Care Services Limited (“the Company"), which
comprise the Balance Sheet as at 31st March, 2025, the
Statement of Profit and Loss, Statement of changes in
equity and Statement of cash flows for the year ended
31st March 2025, and notes to the standalone Ind AS
financial statements, including a summary of material
accounting policies and other explanatory information.

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 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 March 31, 2025 and its Profit, total comprehensive
income, changes in equity and its cash flows for the year
ended on that date.

Basis for Opinion

We conducted our audit in accordance with the
Standards on Auditing (SAs) specified under section
143(10) of the Companies Act, 2013. Our responsibilities
under those Standards are further described in the
Auditor's Responsibilities for the Audit of the Standalone
Ind AS 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 of the financial statements under
the provisions of the Companies Act, 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 have obtained is sufficient and appropriate to provide
a basis for our opinion.

Key Audit Matters

Key audit matters are those matters that, in our
professional judgment, were of most significance in our
audit of the standalone financial statements of the current
period. These matters were addressed in the context of
our audit of the standalone financial statements 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 information. The other information comprises the
information included in the Management Discussion
and Analysis, Board's Report including Annexures
to Board's Report, Business Responsibility Report,
Corporate Governance and Shareholder's Information,
but does not include the consolidated financial
statements, standalone Ind AS financial statements
and our auditor's report thereon.

Our opinion on the standalone Ind AS 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 standalone Ind AS
financial statements, our responsibility is to read the
other information and, in doing so, consider whether
the other information is materially inconsistent with
the standalone Ind AS financial statements or our
knowledge 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 misstatement of this other
information, we are required to report that fact. We
have nothing to report in this regard.

Responsibility of Management for the
Standalone Ind AS 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, financial performance, changes in
equity, and cash flows of the Company in accordance
with the accounting principles generally accepted in
India, including the accounting Standards specified
under section 133 of the Act.

This responsibility also includes maintenance of
adequate accounting records in accordance with the
provisions of the Act for safeguarding of the assets of
the Company and for preventing and detecting frauds
and other irregularities; selection and application
of appropriate implementation and maintenance
of 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 standalone Ind AS financial
statement that give a true and fair view and are free from
material misstatement, whether due to fraud or error.

In preparing the standalone Ind AS financial
statements, management is responsible for assessing
the Company's ability to continue as a going concern,
disclosing, as applicable, matters 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 alternative but to do so.

Those Board of Directors are also responsible for
overseeing the company's financial reporting process.

Auditor's Responsibility for the Audit of the
Standalone Ind AS 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.

• 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 standalone Ind AS financial statements that,
individually or in aggregate, makes it probable that the
economic decisions of a reasonably knowledgeable
user of the standalone Ind AS 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 standalone Ind AS 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
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.

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 Section 143(11) of
the Act, 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. A. 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 except
for the matters stated in the paragraph
2(B) (f) below on reporting under Rule
11(g) of the Companies (Audit and

Auditors) Rules, 2014.

c) The Standalone Balance Sheet, the

Standalone Statement of Profit and Loss
(Including other comprehensive Income),
the standalone Statement of changes in
equity and the statement of Cash Flow
Statement dealt with by this Report are
in agreement with the books of account.

d) In our opinion, the aforesaid Standalone

Ind AS financial statements comply

with the Accounting Standards (Ind

AS) prescribed under section 133 of the
Act, read with Rule 7 of the Companies
(Accounts) Rules, 2014.

e) On the basis of the written representations
received from the directors as on 31st
March, 2025 taken on record by the Board
of Directors, none of the directors is
disqualified as on 31st March, 2025 from
being appointed as a director in terms of
Section 164 (2) of the Act.

f) the modifications relating to the
maintenance of accounts and other
matters connected therewith are as
stated in the paragraph 2(A)(b) above
on reporting under Section 143(3)(b) and
paragraph 2(B)(f) below on reporting
under Rule 11(g) of the Companies (Audit
and Auditors) Rules, 2014.

g) 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
financial controls over financial reporting.

B. 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:

a. The Standalone financial statement
disclose the impact of pending litigations
as at 31st March 2025 on its financial
position of the Company - Refer Note 41
to the standalone financial statements.

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

c. There are no amounts that were due
for being transferred to the Investor
Education and Protection Fund
by the Company.

d. a) The Management has represented

that, to the best of its knowledge
and belief, no funds (which are
material either individually or in the
aggregate) have been advanced
or loaned or invested (either from
borrowed funds or share premium
or any other sources or kind of funds)
by the Company to or in any other
person or entity, including foreign
entity (“Intermediaries"), with the
understanding, whether recorded
in writing or otherwise, that the
Intermediary shall, whether, directly
or indirectly lend or invest in other
persons or entities identified in

any manner whatsoever by or on
behalf of the Company (“Ultimate
Beneficiaries") or provide any
guarantee, security or the like on
behalf of the Ultimate Beneficiaries;

b) The Management has represented,
that, to the best of its knowledge
and belief, no funds (which are
material either individually or in
the aggregate) have been received
by the Company from any person
or entity, including foreign entity
(“Funding Parties"), with the
understanding, whether recorded
in writing or otherwise, that the
Company shall, whether, directly
or indirectly, lend or invest in other
persons or entities identified in any
manner whatsoever by or on behalf
of the Funding Party (“Ultimate
Beneficiaries") or provide any
guarantee, security or the like on
behalf of the Ultimate Beneficiaries;

c) Based on the audit procedures that
have been considered reasonable and
appropriate in the circumstances,
nothing has come to our notice that
has caused us to believe that the
representations under sub-clause
(i) and (ii) of Rule 11(e), as provided
under (a) and (b) above, contain any
material misstatement.

e. The company has not declared or paid
any dividend during the year.

f. Proviso to Rule 3(1) of the Companies
(Accounts) Rules, 2014 for maintaining
books of account using accounting
software which has a feature of recording
audit trail (edit log) facility is applicable to
the Company with effect from April 1,2023.
Based on our examination the feature of
recording audit trail (edit log) facility was
enabled in Hospital Management System
(HMS) w.e.f 1st April 2024 and Tally ERP
Edit Log was enabled from 02nd July
2024, to log any direct data changes
in the accounting softwares used for
maintaining the books of account for
the financial year ended March 31, 2025.
Further, during the course of our audit
we did not come across any instance of
the audit trail feature being tampered
with from the date of its enabling and

Corporate Affairs has not prescribed other
details under Section 197(16) of the Act which
are required to be commented upon by us.

For R. NAGPAL ASSOCIATES

Chartered Accountants
Firm Registration No. 002626N

(CA. ROHIT MEHRA)

Partner

Place: Noida Membership No. 093910

Dated: 26.05.2025 UDIN: 25093910BMIUEO8920