We have audited the standalone financial statements of JANUS CORPORATION LIMITED ("the Company")
having CIN No U74999MH1998PLC117279 , which comprise the balance sheet as at 31st March, 2024, and
the statement of Profit and Loss, (statement of changes in equity) and statement of cash flows for the year
ended as on 31^stMarch, 2024, and notes to the financial statements, including a summary of significant
accounting policies and other explanatory information [in which are included the Returns for the period
ended on that date audited by the branch auditors of the Company's branches.

In our opinion and to the best of our information and according to the explanations given to us, except for
the effects of the matters described in the basis for Qualified Opinion paragraph below, the aforesaid
standalone 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 accounting principles generally accepted in India, of the state of
affairs of the Company as at March 31, 2024, and profit (changes in equity) and its cash flows for the year
ended on 31^stMarch, 2024.

Basis for Qualified 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 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 qualified opinion.

1. Company has not complied with the provisions of Section 186 of the companies act while giving loan
to the third parties as below -

a. No interest is being charged on the loans given.

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit
of the financial statements of the current period. These matters were addressed in the context of our audit of
the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate
opinion on these matters.

Reporting of key audit matters as per SA 701, Key Audit Matters are applicable to the Company as it is a listed
company.

Reporting of key audit matters as per SA 701, below are our observation for the financial year 2023-2024:

1. Fixed Deposit of Rs. 7,21,340 details along with interest certificate has not been provided.

2. Details and clarification about transactions in 'E-payment Services' ledger has not been provided.

3. No TDS has been deducted for the following expenses during the year. However the same has been
booked on 01/04/2024.

Other Matters:

Other matters are those matters other than those that are presented or disclosed in the financial statements
that, in our opinion is relevant to user's understanding of the audit. Reporting of other matters for the FY
2023-24:

1. GST Annual Return 9 and 9 C not filed for FY 2018-19, FY 2019-20, FY 2020-2021, FY 2021-22 and FY
2022-23 till date of this report.

2. For the F.Y 2023-24, sales as per Books is Rs. 38,90,21,160 and as per GSTR3B is Rs. 38,31,12,410
resulting to difference of Rs. 59,08,750 which is unreconciled until this date of this audit report.

3. TDS liability for earlier financial years for Rs 9.44 lacs is unpaid as on date of this report.

4. TDS returns and TDS Challans could not be verified with the books of account as TDS Return and TDS
Challans not filled/ paid as of date of this report.

5. The company has been issued below notices from GST Department as per GST Portal -

Responsibilities of Management and Those Charged with Governance for the Standalone 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 standalone 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 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 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 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 Responsibilities for the Audit of the 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.

• 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

Head Office: 338, 3rd Floor, V Spaces, V- Mall, Thakur Complex, Kandivali East, Mumbai - 400101
Telephone 91-9594189162, 9137585799, 9137585764;Email :firmccco@gmail.com Website: www.ccco.co.in

• 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.

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 financial statements 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.

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 in
terms of Section 143(11) of the Act, we give in "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) Except in respect of matters specified in the basis for Qualified Opinion Paragraph above, 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) Except in respect of matters specified in the basis for Qualified Opinion Paragraph above, 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, 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) Except for the effects of the matters described in the Basis for Qualified Opinion paragraph above, in our
opinion, the aforesaid standalone financial statements comply with the Accounting Standards specified under
Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.

e) The matter described in the Basis for Qualified Opinion paragraph above, in our opinion, may not have an
adverse impact on the functioning of the Company.

f) On the basis of the written representations received from the directors as on 31stMarch, 2024 taken on
record by the Board of Directors, none of the directors is disqualified as on 31st March, 2024 from being
appointed as a director in terms of Section 164 (2) of the Act.

g) With respect to the adequacy of the Internal Financial Controls with reference to the financial statements of
the company and the operating effectiveness of such controls, refer to our separate Report in "Annexure B".
Our Report expresses a qualified opinion on the adequacy and operating effectiveness of the company's
internal financial controls with reference to standalone financial statements.

h) The qualification relating to the maintenance of accounts and other matters connected therewith are as
stated in the Basis for Qualified Opinion paragraph above.

i) In our opinion, the managerial remuneration for the year ended March 31, 2024 has been paid / provided by
the Company to its directors in accordance with the provisions of section 197 read with Schedule V to the
Act;

j) 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:

i. The Company does not have any pending litigations which would impact its financial position.

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

iii. There were no 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, 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.

v. No dividend has been declared or paid during the year by the company.

vi.

As proviso to Rule 3(1) of the companies (Accounts) Rules, 2014 is applicable from April 1, 2023, reporting
under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 on preservation of Audit Trail as per
statutory requirements for record retention is not applicable for the financial year ended March 31, 2024.

k) The company is in compliance with the provisions of section 197 read with schedule V of the companies Act.

For Choudhary Choudhary & Co.

Chartered Accountants
Firm Reg. No. 02910C

Tanuja Mishra
Partner

Membership No. 136933
Place: Mumbai
Date: 29.05.2024
UDIN: 24136933BKAWFY6812