Healthy Life Agritec Ltd

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08-06-2026 | 10:21 pm

Date: June 08, 2026

To,

The Manager,

The Listing Department

BSE Limited.

Phiroze Jeejeebhoy Towers,

Dalal Street, Mumbai, Maharashtra - 400001.

Scrip Code: 543546

BSE Symbol: HEALTHYLIFE

Subject: Outcome of Board Meeting pursuant to Regulation 30 of SEBI (Listing Obligation

& Disclosure Requirements) Regulation, 2015.

Reference: Submission of Audited Consolidated and Standalone Financial Results for the

year ended March 31, 2026 pursuant to Regulation 33 of SEBI (Listing Obligation &

Disclosure Requirements) Regulation, 2015

Dear Sir/ Madam,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015, it is hereby informed that the Board of Directors at their meeting held today

i.e. Monday, June 08, 2026 at Registered Office of the company situated at SH-B/09, New

Heera Panna CHS Ltd, Gokul Village Shanti Park, Mira Road East, Thane, Maharashtra-

401107, has inter-alia:

1) Approved the Audited Financial Results (Standalone and Consolidated) for the year

ended 31st March, 2026, as recommended by the Audit Committee together with the

Report of Auditors on the said Results.

Pursuant to Regulation 33 of the Securities and Exchange Board of India (Listing Obligations

and Disclosure Requirements) Regulations, 2015, we enclose the following:

1) the Audited Financial Results (Standalone and Consolidated) for the year ended 31st

March, 2026; together with Auditors Report with unmodified opinions on the aforesaid

Audited Financial Results (Standalone and Consolidated).

2) Declaration of unmodified opinion under Regulation 33(3)(d) of SEBI (Listing

Obligations and Disclosure Requirements) Regulations, 2015 for Standalone and

Consolidated Audited Financial Results.

Registered Office: Healthy Life Agritec Ltd., SH-B/09, New Heera Panna CHS LTD, Gokul Village, Shanti Park, Mira Road East, Thane - 401 107, Maharashtra. Tel.: +91 83558 91669

Corporate Office & Factory: Plot No. B-35, 3rd Phase, Road No. 5, KIADB Industrial Area, Obadenahalli, Doddaballapur, Bangalore - 561203, Karnataka. Tel.: $91 888 466 9595

CIN: U52520MH2019PLC332778

An IS0 9001:2015 CERTIFIED COMPANY

info@healthylifeagritec.com | wwwhealthylifeagritec.com

----------------Page (0) Break----------------

The meeting of the Board of Directors of the Company commenced at 05:00 p.m. and

concluded at 10:00 p.m.

You are requested to take the above information on record.

Thanking You.

For Healthy Life Agritec Limited

Divya Mojjada

Managing Director

DIN: 07759911

Registered Office: Healthy Life Agritec Ltd., SH-B/09, New Heera Panna CHS LTD, Gokul Village, Shanti Park, Mira Road East, Thane - 401 107, Maharashtra. Tel.: +91 83558 91669

Corporate Office & Factory: Plot No. B-35, 3rd Phase, Road No. 5, KIADB Industrial Area, Obadenahalli, Doddaballapur, Bangalore - 561203, Karnataka, Tel.: +91 888 466 9595

CIN: U52520MH2019PLC332778

An IS0 9001:2015 CERTIFIED COMPANY

info@healthylifeagritec.com | wwwhealthylifeagritec.com

----------------Page (1) Break----------------

NYS & COMPANY

INDIA Chartered Accountants

INDEPENDENT AUDITORS’ REPORT

TO THE MEMBERS OF

Healthy Life Agritec Limited

(Formerly Known As Healthy Life Agritec Private Limited)

Report on the Standalone Financial Results

Opinion

We have audited the accompanying standalone financial results of M/s Healthy Life

Agritec Limited (Formerly Known As Healthy Life Agritec Private Limited) (“the

company’) which comprises the Balance Sheet as at March 31, 2026, the statement of Profit

and Loss account and statement of cash flows for the year, (herein referred to as “the

Financial Results), attached herewith, being submitted by the company pursuant to the

requirement of Regulation 33 of the Securities and Exchange Board of India (“SEBI”)

(LODR) Regulations, 2015, an amended (“Listing Regulations™).

In our opinion and to the best of our information and according to the explanations given to

us the aforesaid standalone annual financials results:

a. Are presented in accordance with the requirements of Regulation 33 of the lisitng

Regulations in this regard:

b. give atrue 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, 2026, and its profit and its cash

flows for the year ended on that date.

Basis of Opinion

We conducted our audit in accordance with the Standards on Auditing (SA’s) 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

Financial Results 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 there under, alongwith Regulation

33 of the Securities and Exchange Board of India (“SEBI”) (LODR) Regulations, 2015, an

amended (“Listing Regulations™) 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.

unachal Building, 19, Barakhamba Road

onnaught Place, New Delhi - 1 01

Phn: (+91) 11 4020 4434 | E-mail ID:

----------------Page (2) Break----------------

€)

Key of Matter

Key audit matters are those matters that, in our professional judgment, were of most

significance in our audit of the financial results of the current period. These matters were

addressed in the context of our audit of the financial results as a whole, and in forming our

opinion thereon, and we do not provide a separate opinion on these matters. Following are

our observations:

The company has not been regular in compliance of TDS and further no provisions had been

made for the late payment charges and interest for delayed payments and non-compliance.

Inventory, balance of debtors, creditors, balance of security deposit, cash balance and

valuation of Intangible Assets and their amortisation there off reported in Financial Results

is as certified by the management.

As on the date of this report, Internal Audit Report and Report on Internal Financial Control

are not available for verification.

The Company is liable for compliance with Employees' Provident Fund and Employees'

State Insurance provisions, which has not been complied with during the year.

The Company has outstanding undisputed income tax liabilities.

How the emphasis of matters is addressed in our Audit

Our audit procedures on key matters includes the following:

Obtained the outstanding litigations list as compared to the previous year. Enquired and

obtained explanations for movement in litigations during the year.

Inquired with management regarding the status of significant litigations and claimes

including obtaining legal team views on the likely outcome of each litigations and claims

and the magnitude of potential exposure.

Examined the Company’s legal expenses and read the minutes if Board meetings, to

evaluate the completeness if list of the open litigations.

Read the latest correspondence between the Company and tax/legal authorities and reviewed

legal opinions obtained by management, where applicable, for significant matters and

considered the same in evaluating the appropriateness of the Company’s provisions or

disclosure of contingent liabilities.

With respect to the tax matters, we involved tax specialists to evaluate the significant cases

and the technical grounds for Management’s conclusions on the provisions or disclosures of

contingent liabilities.

For non-tax matters, we evaluated Management’s decisions and rationale for provisions

established or disclosure made for contingent liabilities.

Information other than the financial results and auditors’ report thereon

The Company’s board of directors is responsible for the preparation of the other

information. The other information comprises the information included in the Board’s

Report including Annexure to Board’s Report, Business Responsibility Report but does not

include the financial results and our auditor’s report thereon. The Board Report is expected

to be made available to us after the date of this Audit Report.

----------------Page (3) Break----------------

Our opinion on the financial results 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 results, our responsibility is to read the other

information and, in doing so, consider whether the other information is materially

inconsistent with the standalone financial results, 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 no 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 Financial Results

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

financial 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 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 financial statement that give a true and fair view and are free from

material misstatement, whether due to fraud or error.

In preparing the financial results, 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.

That Board of Directors are also responsible for overseeing the company’s financial

reporting process.

Auditors’ Responsibility for the Audit of the Financial Results

Our objectives are to obtain reasonable assurance about whether the financial results 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.

----------------Page (4) Break----------------

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 results.

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 results, 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 misstatementresulting 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

results 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 results, including the

disclosures, and whether the financial results represent the underlying transactions and

events in a manner that achieves fair presentation.

‘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.

----------------Page (5) Break----------------

From the matters communicated with those charged with governance, we determine those

matters that were of most significance in the audit of the financial results 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.

Other Matters

The standalone annual financial results include the results for the six months ended March

31, 2026 being the balancing figure between the audited figures in respect of the full

financial year and the published unaudited year to date figures up to the end of September of

the current financial year which were subject to limited review by us.

During the year ended 31 March 2026, the Company raised Rs. 2,481.20 lakhs through a

Rights Issue of 24,812,000 equity shares having a face value of Rs.10 each.

The Company has delayed the filing of GST returns during the year.

For NYS & Company

Chartered Accountants

Firm's Registration No. 017007N

CA Niitesh N Agrawal

Partner

Membership No.: 527125

Place: New Delhi

Date: 08.06.2026

UDIN: 26527125SKRRFM2258

----------------Page (6) Break----------------

HEALTHY LIFE AGRITEC LIMITED

(Formerly known as Healthy Life Agritec Private Limited) H-B09, New Heera Panna CHS LTD, Gokul Vilage Shanti Park, Mira Road East, Thane, Maharashtra, India, 401107

CIN: L52520MH2019PLC 332778, info@heatthy iteagritec.com Regd. Office

STATEMENT OF STANDALONE AUDITED FINANCIAL RESULTS, FOR THE QUARTER AND YEAR ENDED 31 MARCH 2026

(All amounts in € lacs, unless stated otherwise) Quarter Ended Year Ended

SLNo| Particulars 31Mar26 31.Dec25 31Mar.25 31.Mar26 31Mar.25 Audited Unaudited Audited Audited Audited

T [Income () Revenue from operations 518040 221366 1551.92 10707.20 644506

b) Otherincome - - - - - I Total income 518040 221366 1551.92 10,707.20 644506

2 |Expenses ) Purchase of stock in Trade 5017.50 2,04013 1441.82 1012548 608958

b) Changes in inventories of stock i trade (61.96)| (36.34) (12.18) (168.29)| (128.67)] c) Employee benefits expense 1987 3.10 1026 97.02 4751

) Finance costs 2343 204 330 3248 1368 le) Depreciation and amortisation expense 483 764 394 223 1574

I Other expenses 63.85 51.85 4282 26220 15744 | Total expenses 5,067.51 200841 1490.05 1037147 6,19528

3 [Profit(loss) before exceptional item & tax (1-2) 12189 11525 6187 336.03 24978 4 |Exceptonal tems. - - - - -

5 [Profiti(loss) before tax (3-4) 12189 11525 61.87 336.03 249.78 6 |Taxexpense 3664 2001 15,85 9053 6301

7 |Net Profit(Loss) after tax (5-6) 85.25 86.24 46.02 245.50 186.77 8 |Other comprenensive income (OCI)

tems that will ot be reclassified to proftand loss. - - - - - Income Tax relating to Items that will not be reclassified to - - - - -

9 |Total comprehensive income for the period (7+8) 8525 86.24 46.02 245,50 186.77 8 |Paid-up Equity Share Captial (Face value of Rs.10/- each) 296240 496240 248120 496240 248120

9 |Reserve & Surplus (excluding revaluation reserve) - - 90065 655.15

10 |Earnings per share (of Rs.10)- each) 017 017 019 049 075 Basic (Rs.)

11 |Earnings per share (of Rs.10)- each) 024 029 020 070 077 Diluted (Rs.)

1 The above Financial Resuls were reviewed by the Audit Committee and were thereafter approved by the Board of Directors at their meeting heid on 08 June 2026,

2 The above resuts have been prepared in accordance with the recognition and measurement principles of Accounting Standard(*AS"), prescrbed under Section 133 of the Companes| Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India.

3 During the year ended March'2026, the company has raised Rs. 2481.20 Lakhs Via Issuance of equity shares though rights issue by issting 2,48,12,000 equity shares at issue price of| Rs. 10~ equiy shares.

Statement Of Deviation Or Variation In Utilization Of Funds Raised Name of isted entfy Heafthy Life Agrfec Limited

Mode of Fund Rasing Tssuance of equity shares fhough Fghts Tssue Date of Raising Funds. 031125

[Amount Raised Rs_ 248120 Lakhs [Report fled for Quarter and Year Ended 3T Mar2%

Monitoring Agency Ves [Monitoring Agency Name, it appiicable Care Ratngs Limited

s there a Deviaion/Variation in use of fund raised o [ yes, whether the same Is pursuant 1o change In 1ers of |Nofs Appicable

la I yes. Date of Unit hokders Approval Note Appiicable

[Explanation for the Deviation/Varation Note Appiicable [Comments of the Audit Committee after review None

Setforth below are objects for which funds have been raised in the Issuance of equity shares though rights issue and details of deviation, if any, in the following table:

[Original Modiied — oanaaonict, (00005, (Aot |amountofdoiatn 1 any

i (Rs.Lakhs) __[any Working capial eauremert I3 780034 - 8003

ReoaymentorDait I3 5500 - =00 Femanng amontn

General corporate purposes NA 545.86 564 89 564.89 (19.03) for GCP ssue Expenses A 5000 3067 3097 90

----------------Page (7) Break----------------

3 STANDALONE STATEMENT OF ASSETS & LIABILITIES Rs.in Lakhs, ufess othenwise stated

Particulars Standalone ST Mar2s i Mar2s

EQUITY AND LIABILITIES ‘Audited Audited 1 Shareholders' funds

2) Share capital 496240 248120 b) Reserves and surplus 50065 655.15

Total Equity 5863.05 31335 2 Liabilties

Non-current liabities ) Long-Ter Borrowigs. 26585 17575

b) Deferred tax abiity 1822 464 ©) Other long-erm labilties , -

4) Longterm provisions - - Total non-current liabilties 28407 5039

2) Short-Term Borrowings 513.02 9402 b) Trade payables

(i) Total outstanding dues of micro enterprises - - and

smallenterprises; and (i) Total outstanding dues of crediors other than 390.93

micro enterprises and small enterprises s0.97

©) Other current labiltes 104,60 6456 ) Shortterm provisions 13622 108.08

Total current liabilties 14567 318.83

Total equity and liabities 720279 3,63557

Assets 1 Non-currentassets

) Property, plant and equipment () Tanaible assets 66323 23661

(i) Intanaibe assets B - (if) Work in Progress - 31639

b) Deferred tax assets - - ) Non-current investment 20697 20697

) Lona term loans and advances s - &) Other non-curent assets 9197 9497

Total non-current assets 665,17 155494 2 currentassets

) Curtent investment - - b) Inventories a8 30654

b) Trade receivables 493257 1,571.01 ©) Cash and bank balances 6731 132

) Shortterm loans and advances 11884 14990 &) Other curtent assets 3408 399

Total current assets 5621.62 2,080.63

Total assets 729279 363557

----------------Page (8) Break----------------

5 STANDALONE STATEMENT OF CASH FLOWS Rs in Lakhs, unless othenwise stated

For the year ended | For the year ended 31 31032026 03-2025

(A Cash flow from operating activities Profit/(loss) before tax 3%.03 24978

Adjustments for : Depreciation and amortisation expense 228 1574

Liabilty no longer required, writien back - - Bad Debls. - -

Net (proft)/ loss on disposal of property. plant and - - Interest expense and finance cost 248 1368

Interest and other income - N 39078 27919

Changes in assets and liabilities (increase) / Decrease in inventories: (168.28) (128.67)|

(increase) / Decrease in trade receivables (3.361.56) (121.7) (increase) / Decrease in loans and advances 3106 (29.90)

(increase) / Decrease in other assets 588 (31.76)| Increase | (decrease) n trade payables. 33996 (7022)

Increase / (decrease) in provisions. (2559 (220) Increase / (decrease) in other liabilties. 3974 61.30

Cash generated from operating activities (2748.02) (aa.01) ‘Taxes paid (net of refunds) (49.43) (35.57)

Net cash generated from operating activities (2,797.45) (79.59)

B. Cash Flow from Investing Activities Purchase of property, plant and equipment (107.18) -

Purchase of work In progress - (351.21)| Investment made during the year - -

Sale proceeds ffom sale of property, plant and - - equipment

Interest and other income: - - Net cash generated fromi(used in) investing (107.19) (351.2)

activities

C.Cash flows from financing activities Proceeds from ssues of equity shares. 248120 42000

Interest and finance cost (3248) (13.68)| Net proceed (repayment) of ong term borrowings %0.10 7623

Net proceed (repayment) of shortterm 419.90 (57.93) Net cash generated fromi(used in) financing 295873 12462

activities

Netincreasel(decrease) in cash and cash equivalents (A+B+C) 5410 (647) Cash and cash equivalents at the beginning of 322 1939

year Cash and cash equivalents at the end of year §7.32 622

" The above statement of cash flow has been prepared under the ‘Indirect Nethod"

6 The figures for the previous period have been regrouped /rearranged / reclassified wherever necessary.

For and Behalf of Board of HEALTHY LIFE AGRITEC LIMITED

Divya Mojjada Managing Director

DIN 07759911

Date: 08-June-2026 Place: Mumbai

----------------Page (9) Break----------------

NYS & COMPANY

INDIA Chartered Accountants

INDEPENDENT AUDITORS’ REPORT

TO THE MEMBERS OF

Healthy Life Agritec Limited

(Formerly Known As Healthy Life Agritec Private Limited)

Report on the Consolidated Financial Results

Opinion

We have audited the accompanying consolidated financial results of M/s Healthy Life

Agritec Limited (Formerly Known As Healthy Life Agritec Private Limited) (“the

company’) and its subsidiaries (Holding Company and its subsidiaries together referred to

as “the Group”) which comprises the Balance Sheet as at March 31, 2026, the statement of

Profit and Loss account and statement of cash flows for the year (herein referred to as “the

Financial Results) attached herewith, being submitted by the company pursuant to the

requirement of Regulation 33 of the Securities and Exchange Board of India (“SEBI”)

(LODR) Regulations, 2015, an amended (“Listing Regulations™).

In our opinion and to the best of our information and according to the explanations given to

us the aforesaid consolidated annual financials results

a. Includes the results of the following entities

a. Healthy Life Agro Limited (Formerly Known as Healthy Life Agro Private Limited)

b. Healthy Life Farms Private Limited

b. Are presented in accordance with the requirements of Regulation 33 of the lisitng

Regulations in this regard:

c. give atrue 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, 2026, and its profit and its cash

flows for the year ended on that date.

Basis of Opinion

We conducted our audit in accordance with the Standards on Auditing (SA’s) 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

Financial Results 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 results under the

provisions of the Companies Act, 2013 and the Rules there under, and as per SEBI (LODR)

Regulations (2015) 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.

unachal Building, 19, Barakhamba Road

onnaught Place, New Delhi - 1 01

Phn: (+91) 11 4020 4434 | E-mail ID:

----------------Page (10) Break----------------

€)

Key of Matter

Key audit matters are those matters that, in our professional judgment, were of most

significance in our audit of the financial results of the current period. These matters were

addressed in the context of our audit of the financial results as a whole, and in forming our

opinion thereon, and we do not provide a separate opinion on these matters. Following are

our observations:

The company has not been regular in compliance of TDS and further no provisions had been

made for the late payment charges and interest for delayed payments and non-compliance.

Inventory, balance of debtors, creditors, balance of security deposit, cash balance and

valuation of Intangible Assets and their amortisation there off reported in Financial Results

is as certified by the management.

As on the date of this report, Internal Audit Report and Report on Internal Financial Control

are not available for verification.

The Company is liable for compliance with Employees' Provident Fund and Employees'

State Insurance provisions, which has not been complied with during the year.

The Company has outstanding undisputed income tax liabilities.

How the emphasis of matters is addressed in our Audit

Our audit procedures on key matters includes the following:

Obtained the outstanding litigations list as compared to the previous year. Enquired and

obtained explanations for movement in litigations during the year.

Inquired with management regarding the status of significant litigations and claimes

including obtaining legal team views on the likely outcome of each litigations and claims

and the magnitude of potential exposure.

Examined the Company’s legal expenses and read the minutes if Board meetings, to

evaluate the completeness if list of the open litigations.

Read the latest correspondence between the Company and tax/legal authorities and reviewed

legal opinions obtained by management, where applicable, for significant matters and

considered the same in evaluating the appropriateness of the Company’s provisions or

disclosure of contingent liabilities.

With respect to the tax matters, we involved tax specialists to evaluate the significant cases

and the technical grounds for Management’s conclusions on the provisions or disclosures of

contingent liabilities.

For non-tax matters, we evaluated Management’s decisions and rationale for provisions

established or disclosure made for contingent liabilities.

Information other than the financial results and auditors’ report thereon

The Company’s board of directors is responsible for the preparation of the other

information. The other information comprises the information included in the Board’s

Report including Annexure to Board’s Report, Business Responsibility Report but does not

include the financial results and our auditor’s report thereon. The Board Report is expected

to be made available to us after the date of this Audit Report.

----------------Page (11) Break----------------

Our opinion on the financial results 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 results, our responsibility is to read the other

information and, in doing so, consider whether the other information is materially

inconsistent with the consolidated financial results, 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 no 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 Consolidated Financial Results

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 consolidated