We have audited the accompanying financial statements of M/s. Hamps Bio Limited
(Formerly Known As Hamps Bio Private Limited) ('the Company’) which comprises
the

Balance Sheet as at 31st March, 2025, the Statement of Profit and Loss, including Statement
of Cash flows for the year ended on that day and Notes to the Financial Statements, including
a summary of the significant accounting policies and other explanatory information
(hereinafter referred to as “the Financial Statements”).

In our opinion and to the best of our information and according to the explanations given to
us, the aforesaid financial statements give the information required by the Companies Act,
2013 (‘Act’) in the manner so required and give a true and fair view in conformity with the
Accounting Standards prescribed under section 133 of the Act and other accounting
principles generally accepted in India, of the state of affairs of the Company as at March 31,
2025, its profit and cash flows for the year ended on that date.

Basis for Opinion

We conducted our audit of the 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 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 ICAI’s Code of Ethics. We
believe that the audit evidence obtained by us is sufficient and appropriate to provide a
basis for our opinion on the 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 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 is not required in this case because of the relaxation
provided for unlisted companies in paragraph 5 of SA 701 and FAQs given in August 2018
edition of implementation guide to SA 701.

Information other than the financial statements and auditors’ report thereon

The Company’s Board of Directors is responsible for the other information. The other
information comprises the information included in the Board’s Report including Annexures to
Board’s Report but does not include the financial statements and our auditor’s report thereon.
Our opinion on the 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 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 fact. We have nothing to report in this
regard.

Responsibilities of Management and those charged with Governance for the
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 financial
statements that give a true and fair view of the state of affairs (financial position), profit or
loss (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, read with Rule 7 of the Companies (Accounts) Rules,
2014. 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 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, the 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
management either intends to liquidate the Company or to cease operations, or has no realistic
alternative but to do so.

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

Auditor’s Responsibility

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 scepticism 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

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.

Materiality is the magnitude of misstatements in the financial statements that, individually
or in aggregate, makes it probable that the economic decisions of a reasonably
knowledgeable user of the financial statements 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 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 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.

Opinion

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

in the case of the Balance Sheet, of the state of affairs of the Company as at 31st
March, 2025 ;

In the case of the Statement of Profit and Loss, of the profit for the year ended
on that date.

In the case of the Statement of Cash flows, for the year ended on that date.

Report on Other Legal and Regulatory Requirements

1) Asrequired by the Companies (Auditor’s Report) Order, 2020 (“the Order”), as amended,
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;

In our opinion, proper books of account as required by law have been kept by the
Company so far as 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 books of account
maintained for the purpose of preparation of the Financial Statements.

In our opinion, the aforesaid 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) On the basis of written representations received from the directors as on March
31, 2025 taken on record by the Board of Directors, none of the directors are

disqualified as on March 31, 2025, from being appointed as a director in terms of
Section 164(2) of the Act.

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”, and;

g) The provisions of Section 197 read with Schedule V to the Act are applicable only
to public companies. Accordingly, reporting under Section 197(16) of the Act is

not applicable to the Company.

h) 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:

the Company does not have any pending litigations which may impact its
financial position in its financial statements;

theCompany does not have any long-term contracts including derivative
contracts;

There were no amounts which were required to be transferred to the
Investors Education and Protection 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 funds or share
premium or any other sources or kind of funds) by the company to or in
any other person(s) or entity(ies), 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 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;

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 received by the company from any person(s) or entity (ies), 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 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; and

^c- Based on such audit procedures that have been considered reasonable and
appropriate in the circumstances, nothing has come to our notice that has
been caused us to believe that the representations under sub-clause (i) and
(ii) of Rule 11(e), as provided in (iv) and (v) above, contain any material
misstatement.

^v- The company not declared or paid any dividend during the year and has
not proposed final dividend for the year

^vi- Based on our examination, which included test checks, the Company has
used an 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 the audit
trail feature being tampered with.

For MGVS AND ASSOCIATES
Chartered Accountants
FRN:0140555W

CA MUBASSIR GODIL
(Partner)

M. No. : 164503
Place: Surat
UDIN:

Date: 28/05/2025