We have audited the accompanying Standalone financial
statements of HIM TEKNOFORGE LIMITED ("the
Company"), which comprise the Balance Sheet as at March
31, 2025, the Statement of Profit and Loss (including other
comprehensive income), the Cash Flow Statement, the
Statement of Changes in Equity for the year ended on that
date and a summary of 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 standalon 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 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, its
profit and total comprehensive income, changes in equity and its
cash flow 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 (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
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 standalone financial statements under the provisions of the
Companies Act, 2013 and the Rules made thereunder, and we
have fulfilled our other ethical responsibilities in accordance
with these requirements and ICAI's Code of Ethics. We believe
that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our audit opinion on the
standalone financial statements.

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. We have
determined the matters described below to be the Key Audit
Matters to be communicated in our report

Information Other than the Financial Statements and
Auditors' Report thereon

The Company's Board of Directors is responsible for the
preparation of the other information. The other information
comprise the information included in the Management
Discussion and Analysis, Board's Report including Annexures
to the Board's Report, Business Responsibility Report,
Corporate Governance and Shareholders' information, but
does not include the standalone financial statements and our
auditors' 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 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 material
misstatement of this other information, we are required to
report that fact. We have nothing to report in this regard.

Management's and Board of Director's Responsibility for the
Standalone Financial Statements

The Company's Management and Board of Directors
are responsible for the matters stated in Section 134(5) of
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, total comprehensive
income, cash flows and changes in equity of the Company
in accordance with Ind 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 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 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 financial
statements that give a true and fair view and are free from
material misstatement, whether due to fraud or error.

In preparing the financial statements, management and Board
of Directors are 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 Board of Directors either intends
to liquidate the Company or to cease operations, or has no
realistic alternative but to do so.

The Board of Directors is responsible for overseeing the
Company's reporting process.

Auditors' Responsibilities for the audit of the Standalone
Financial Statements

Our objectives are to obtain reasonable assurance about
whether the Standalone financial statements as a whole are
free from material misstatement, whether due to fraud or error,
and to issue an auditors' report that includes our opinion.
Reasonable assurance is high level of assurance, but is not
a guarantee that an audit conducted in accordance with the
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 aggregate, they could reasonably
be expected to influence the economic decision of users taken
on the basis of these standalone 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 standalone 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.

• Obtain an understanding of internal financial control
relevant to the audit in order to design audit procedures
that are appropriate in the circumstances. Under section
143(3)(i) of the Act, 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 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 auditors'
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 standalone financial statements, including the
disclosures, 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 economic decision of a reasonably knowledge
user of the standalone financial statement 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 works and (ii) to evaluate the effect of any
identified misstatements in the standalone 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, 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.

From the matters communicated with those charged with
governance, we determine those matters that were of most
significance in the audit of the standalone financial statements
of the current period and are therefore the key audit matters.
We describe these matters in our auditors' 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.

Report on other Legal and Regulatory Requirements

1. As required by the Companies (Auditors' Report) Order,
2020 ("the Order") issued by the Central Government of
India in terms of sub-section (11) of section 143 of the Act,
we give in the 'Annexure A', a statement on the matters
specified in paragraphs 3 and 4 of the Order.

2. 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 purpose 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.

c) The Balance Sheet, the Statement of Profit and Loss
(including other comprehensive income), the Cash
Flow Statement and the Statement of Changes in
Equity dealt with by this report are in agreement with
the books of account.

d) In our opinion, the aforesaid standalone financial
statements comply with the Indian Accounting
Standards specified under Section 133 of Companies
Act, 2013 read with Companies (Indian Accounting
Standard) Rules, 2015 as amended.

e) On the basis of the written representations received
from the directors, as on March 31, 2025 taken on
record by the Board of Directors, none of the directors
is disqualified as on March 31, 2025 from being
appointed as a director in terms of Section 164(2) of
the Companies Act, 2013.

f) 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.

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
during the year is in accordance with the provisions
of section 197 read with schedule V of the Act.

h) With respect to the other matters to be included in
the Auditors' 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
information 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
No.37 to the standalone financial statements;

ii. The Company did not have any material
foreseeable losses on long term contracts
including derivatives contracts;

iii. There has been no delay in transferring amounts
which were required to be transferred to the
Investor Education and Protection Fund by the
Company.

iv. (a) The Management has represented that,

to the best of its knowledge and belief, as
disclosed in the Note No 55 to the standalone
financial statements, 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 persons or entities, including
foreign entities ("intermediaries"), with
the understanding, whether recorded in
writing or otherwise, that the intermediary
shall whether directly or indirectly lend
or invest in any other persons or entities
identified in any manner whatsoever by
or on behalf of the Company ("Ultimate
Beneficiary") 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, as
disclosed in Note No 55 to the financial
statements, no funds (which are material
either individually or in the aggregate)
have been received by the Company
from any persons or entities, including
foreign entities ("Funding Parties") with
the understanding, whether recorded in
writing or otherwise, that the Company
shall whether directly or indirectly lend
or invest in any other persons or entities
identified in any manner whatsoever by or
on behalf of the funding party ("Ultimate
Beneficiary") 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

v. The final dividend proposed in the previous
year, declared and paid by the Company during
the year is in accordance with section 123 of the
Act, as applicable.

vi. Based on our examination, which included
test checks, the Company has used accounting
software for maintaining its books of accounts
for the financial year ended March 31, 2025
which has a feature of recording audit trail
(edit log) facility and the same has operated
throughout the year for all relevant transactions
recorded in the software. Further during the
course of our audit, we did not come across
any instance of the audit trail feature being
tampered with.

For PRA ASSOCIATES

Chartered Accountants
FRN: 2355N

Praveen Kumar Aggarwal

Partner

Membership No. 81526
UDIN: 25081526BOEOGH9719

Place: Chandigarh

Date: May 24, 2025