We have audited the accompanying standalone financial statements of
AEONX DIGITAL TECHNOLOGY LIMITED (“the Company”), which
comprise the Standalone Balance Sheet as at 31st March 2025, the Standalone
Statement of Profit and Loss (including other Comprehensive Income), the
Standalone Statement of Changes in Equity and the Standalone Statement of
Cash Flows for the year ended on that date and notes to the standalone financial
statements, including 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 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 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 31stMarch, 2025, the profit and total comprehensive income,
changes in equity and its cash flows for the year ended on that date.

Basis for Opinion

We conducted our audit of standalone financial statements in accordance with
the Standards on Auditing (“SAs”) specified under section 143(10) of the Act.
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 of the standalone financial statements under the provisions of the Act and
the Rules thereunder, 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 for our 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 Standalone financial statements and
Auditor’s Report Thereon

The Company's management and Board of Directors are responsible for the
preparation of other information. The other information comprises the
information included in the Director'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 in 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 on the even date.

Responsibility of Management and Board of Directors for the Standalone
financial statements

The Company's management and Board of Directors is responsible for the
matters stated in Section 134(5) of 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, total comprehensive income
,changes in equity and cash flows of the Company in accordance with the 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 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
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 also responsible for overseeing the Company's
standalone financial statements process.

Auditor’s 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 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 of an audit in accordance with SAs, we exercise professional judgment
and maintain professional scepticism 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 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 relation to the standalone
financial statements 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 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. 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.

We communicate with the Management, 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 are 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 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 of India in terms of sub¬
section (11) of section 143 of the Companies Act, 2013, 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, 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, except as described in para 2 (i) (vi) below.

(c) The modifications relating to the maintenance of accounts and other
matters connected therewith are as stated in the paragraph 2(b) above on
reporting under Section 143(3)(b) of the Act and paragraph (2)(i)(vi)
below on reporting under Rule 11(g) of the Companies (Audit and
Auditors) Rules, 2014;

(d) In our opinion, the aforesaid standalone financial statements comply
with the Indian Accounting Standards specified under Section 133 of the
Act read with the Rule 7 of the Companies (Account) 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 director is disqualified from being appointed as a director in terms of

Section 164(2) ofthe Act.

(f) The Standalone Balance Sheet, the Standalone Statement of Profit and
Loss including Other Comprehensive Income, Standalone Statement of
change in Equity and the Standalone Statement of Cash Flow dealt with
by this Report are in agreement with the relevant books of account.

(g) With respect to the adequacy of the internal financial controls with
reference to standalone financial statements 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 controls
over the standalone financial statement.

(h) 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 company has not paid any
remuneration to its directors during the year.

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, as amended in our opinion and to the best of our information and
according to the explanations given to us:

i. The Company, as detailed in Note 32 to the standalone financial
statements, has disclosed the impact of pending litigations on
its financial position as at 31st March, 2025.

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

iii. There has been no delay in transferring amounts, required to be
transferred to the Investor Education and Protection Funds of
the Company.

iv. a) The Management has represented that, to the best of its
knowledge and belief no funds 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, directly or
indirectly lend or invest in other persons or entities identified in
any manner whatsoever (“Ultimate Beneficiaries”) by or on
behalf of the Company 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 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
directly or indirectly, lend or invest in other persons or entities
identified in any manner whatsoever (“Ultimate
Beneficiaries”) by or on behalf of the Funding Parties or
provide any guarantee, security or the like on behalf of the
Ultimate Beneficiaries.

c) Based on the audit procedures performed that we 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 (a) and (b)of Rule 11(e)
mentioned above contain any material mis-statement.

d. The dividend paid by the Company during the year, in respect
of the previous year ended 31 March 2024, is in accordance with
Section 123 of the Act to the extent it applies to payment of
dividend. As stated in Note 17 to the standalone financial
statements, the Board of Directors of the Company has
proposed dividend for the year which is subject to the approval
of the members at the ensuing Annual General Meeting. The
dividend declared is in accordance with Section 123 of the Act
to the extent it applies to declaration of dividend.

e. Based on our examination which included test checks, the
Company has used accounting software for maintaining its
books of account 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 audit trail
feature being tampered with in respect of accounting software
where the audit trail has been enabled and the audit trail has
been preserved by the Company as per the statutory
requirements for record retention

For R. A. Kuvadia& Co.

Chartered Accountants

F.R.N. 105487W

R. A. Kuvadia

(Proprietor)

Place: Mumbai M. No. 040087

Date: May 28, 2025 UDIN: 25040087BMIGWR9271