We have audited the accompanying standalone financial statements of SUPERTECH EV LIMITED (earlier
known as Supertech EV Private Limited) ("the Company”), which comprise the Balance Sheet as at March

^Jl’ ^{2025, the Statement of Proflt and Loss and} the Statement of Cash Flows for the year ended on that date;
and the notes to the standalone financial statements including a summary of the significant accounting policies
and other explanatory information (hereinafter referred to as "the standalone financial statements”).

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid
standalone 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 Accounting Standards prescribed
undei section 1 jj of the Act read with the Companies (Accounting Standards) Rules, 2006, as amended ("
AS") and other accounting principles generally accepted in India, of the state of affairs of the Company as at
Maich j 1,2025, the profit and loss and its cash flows for the year ended on that date.

Basis for Opinion

We conducted our audit of the standalone financial statements in accordance with the Standards on Auditing
specified under section 143(10) of the Act (SAs). Our responsibilities under those Standards are further
described in the Auditor’s Responsibilities for the Audit of the Standalone 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 (ICAI) together with the independence requirements that are relevant to our
audit ol the standalone financial statements under the provisions of the Act and the Rules made there under
and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI’s
Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis tor our audit opinion on the standalone financial statements.

Information Other than the Standalone Financial Statements and Auditor’s 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 Management Discussion and Analysis, Board’s Report

including Annexures to Board’s Report but does not include the standalone financial statements and our
auditor’s report thereon.

Our opinion on the standalone 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 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 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 tact. We have nothing to report in this regard.

Management’s Responsibility for the Standalone Financial Statements

The Company’s Board of Directors is responsible for the matters stated in section 134(5) ofthe Act with respect
to t e preparation of these standalone financial statements that give atrue and fair view ofthe financial position,
inancial performance, total income and cash flows of the Company in accordance with the AS and other
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 ofthe 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 prudent; and design
implementation and maintenance of adequate internal financial controls, that were operating effectively fo’r
ensuimg the accuracy and completeness ofthe accounting records, relevant to the preparation and presentation

o the standalone financial statements that give a true and fair view and are free from material misstatement
whether due to fraud or error. ’

In preparing the standalone 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.

The Board of Directors are responsible for overseeing the Company’s financial reporting process.

Auditor’s Responsibilities for the Audit ofthe Standalone Financial Statements

Our objectives are to obtain reasonable assurance about whether the standalone financial statements as a whole
aie fiee 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 standalone financial statements

As part °f 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 ofthe standalone financial statements, whether due
o fraud or error design and perform audit procedures responsive to those risks, and obtain audit evidence

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"
usion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Obtain an understanding of internal financial controls relevant to the audit in order to design audit
procedures that are appropriate in the circumstances. Under section 143(3)(i) ofthe Act we are also

sTsteT 1 ^exp.^re“^{,n8 0UI}' ^{0pini0n 0n whe,her the Com}P^any has adequate internal financial controls
system in place and the operating effectiveness of such controls.

f ! ^th« Wtopriateness of accounting policies used and the reasonableness of accounting estimates
and ielated disclosures made by management.

• Conclude on the appropriateness of management’s use ofthe going concern basis of accounting and based
on te audit evidence obtained, whether a material uncertainty exists related to events or conditions that

RAJESH KUKREJfl & ASSOCIATES

: HARTERED ACC^WSgnifi_cant doubt on the Company’s ability to continue as a going concern ff we^ncKteP
a material uncertainty exists, we are required to draw attention in our auditor’s report to^^S
disclosures m the standalone 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
owevei, futuie events or conditions may cause the Company to cease to continue as a going concern.

• Evaluate the overall presentation, structure and content of the standalone financial statements, including

e isclosures, and whether the standalone financial statements represent the underlying transactions and
events in a manner that achieves fair presentation.

Materiality is the magnitude of misstatements in the standalone financial statements that, individually or
in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the
inane,al statements may be influenced. We consider quantitative materiality and qualitative factors in (i)

p nnmg 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

contraTZ H ^SignifiCan' ^aUdi' ^findin8S’ ^{inCU,ding an}^ ^signmcant deficiencies in internal

conti ol that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant
< may leasonably 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 ,n the audit of the standalone financial statements of the current period and are
.e 01 e 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
matter should not be communicated in our report because the adverse consequences of doing so would
leasonably be expected to outweigh the public interest benefits of such communication.

Repot t on Other Legal and Regulatory Requirements

1. As required by Section 143(3) of the Act, based on our audit 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.

The Balance Sheet, the Statement of Profit and Loss and the Statement of Cash Flow dealt with
by this Report are in agreement with the relevant books of account.

d) In our opinion, the aforesaid standalone financial statements comply with the AS specified
unc ei ection 1 j j of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.

^{tlie ba};i^{S VVI} ‘^tten representations received from the directors as on March 31 2025 taken
On record by , e Board of Directors, none of,he directors is disqualified as on March 3 L 2025 fmm
being appointed as a director in terms of Section 164 (2) of the Act.

1 o rL,

RAJESH KUKREJfl & ASSOCIATES

CHARTERED ^COU^Tfc _{the adequacy of the interna| financia) contro|s} ^ _financiaf“°₀^Hf

ompany and the operating effectiveness of such controls, refer to our separate Report in “Annexure
. Our report expresses an unmodified opinion on the adequacy and operating effectiveness of the
Company s internal financial controls over financial reporting.

g) With respect to the other matters to be included in the Auditor’s Report in accordance with the
requirements of section 197(16) of the Act, as amended:

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

remuneration paid by the Company to its directors/managers during the year is in accordance with
the provisions of section 197 of the Act.

h) Will, 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, as amended in our opinion and to the best of our
infoiination and according to the explanations given to us:

i. The Company has disclosed the impact of pending litigations on its financial position in its
standalone financial statements (Refer Note 2.1 (n) to the standalone financial statements);

u. The Company did not have any long-term contracts including derivative contracts, as such the question
of commenting on any material foreseeable losses thereon does not arise.

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

iv. The management has represented that, to the best of it’s knowledge and belief, other than as disclosed
in the notes to the accounts, no funds have been advanced or loaned or invested either from borrowed
unds oi share premium or any other sources or kind of funds) by the company to or in any other person(s)
or entity),es including foreign entities “Intermediaries”), with the understanding, whether recorded in
wilting oi otherwise, that the Intermediary shall, whether, directly or indirectly lend or invest in other
persons or entities identified m 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:

^V' bthe note!Tr^{S rePreSented}’ ^{t0 teSt} °^{f ifS k}"^{0Wledge 3nd belief}’ ^{other tha}" « disclosed
the notes to the accounts, no funds have been received by the company from any person(s) or

entitydes), including foreign entities (“Funding Parties”), with the understanding, whether recorded

mvviitmg o, otherwise, that the company shall, whether, directly or indirectly, lend or invest in other

persons or enttt.es 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 Benefilries!

vi. Based on audit procedures which we considered reasonable and appropriate in the circumstances, nothing

has come to their notice that has caused them to believe that the representations under sub-clause (i) and
(ii) contain any material mis-statement.

' ii. The company has not declared or paid any dividend during the year in contravention of the provisions of
section 123 of the Companies Act, 2013.

The reporting under Rule 11 (g) of the Companies (Audit and Auditors) Rules, 2014 as amended, in our
opinion and to the best of our information and according to the explanations given to us.

' I O <T ,

Based on our examination which included test checks, except for the instances mentioned below, the
Company has used accounting softwares for maintaining its books of account, which have a feature of
recording audit trail (edit log) facility and the same has operated throughout the year for all relevant
transactions recorded in the respective software:

(1) The feature of recording audit trail (edit log) facility was not enabled at the database level to log any
direct data changes for the accounting softwares used for maintaining the books of account relating to
payroll, consolidation process and certain noneditable fields/tables of the accounting software used for
maintaining general ledger.

Further, for the periods where audit trail (edit log) facility was enabled and operated throughout the year

for the respective accounting software, we did not come across any instance of the audit trail feature being
tampered with. • ⁶

2. As required by the Companies (Auditor’s Report) Order, 2020 (“the Order”) issued by the Central
Government in terms ot Section 143(11) of the Act, we give in the “Annexure B” a statement on the
matteis specified in paragraphs 3 and 4 of the Order, to the extent applicable.

/

For Rajesh Kukreja/& 'Associates.

Chaired Accountants
Registr^onJo.0004254N)

CA. Rajesh Kukreja

Partner

Delhi 17/06/2025 ' (Membership No.083496)

’ ^//U6/2025 UDIN:- 25083496BMJQBY2170