We have audited the accompanying
financial statements of D C Infotech &
Communication Limited, which
comprise the Balance Sheet as at 31^st
March 2025, and the Statement of
Profit and Loss (Including Other
Comprehensive Income) and Cash Flow
Statement and the statement of
Changes in Equity for the period ended,
and notes to the 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
inconformity 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
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 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, 201 3
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 opinion.

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, we
do not provide a separate opinion on
these matters.

There are no Key Audit Matters.

Information Other than the 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 financial statements and
our auditor's report thereon. These
reports are expected to be made
available to us after the date of our
auditor's report.

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
identified above when it becomes
available and, in doing so, consider
whether the other information is
materially inconsistent with the financial
statements or our knowledge obtained
in the audit, or otherwise appears to be
materially misstated.

When we read the other information
included in the above reports, if we
conclude that there is material
misstatement therein, we are required
to communicate the matter to those
charged with governance and
determine the actions under the
applicable laws and regulations.

Management's Responsibility for the
Financial Statements

The Company's Board of Directors is
responsible for the matters stated in

section 1 34(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 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.

Those Board of Directors are 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
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
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
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
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
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
section 143(11) of the Act, we give in
"Annexure A", a statement on the
matter specified in the paragraph 3
and 4 of the Order.

2. As required under provisions of
section 143(3) of the Companies
Act, 2013, we report that:

a. We have obtained all the
information and explanations
which to the best of our
knowledge and belief where
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 appears from our examination
of those books;

c. The Balance Sheet and Statement
of Profit and Loss including Other
Comprehensive Income Statement
of Cash Flow and Statement of
Changes of Equity dealt with this
report are in agreement with the
books of account;

d. In our opinion, the Balance Sheet
and Statement of Profit and Loss
comply with the Ind AS specified
in section 133 of the Act, read
with relevant rule issued
thereunder.

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 is
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 operating

effectiveness of such controls,
referred to our separate report in
"Annexure B".

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 1 97 of the
Act.

h. With respect to other matters to
be included in the Auditor's
Report in accordance with Rule 11
of the Companies (Audit and
Auditor) Rules, 2014, in our
opinion and to the best of our
knowledge and belief and
according to the information and
explanations given to us:

(a) The Company has disclosed the
impact of pending litigations as
at 31^st March 2025 on its
financial position in its
standalone financial statements -
Refer Note (vii) of Annexure - A
to the standalone financial
statements

(b) The Company did not have any
long-term and derivative
contracts as at March 31, 2025.

(c) There were no amounts which
were required to be transferred
to the Investor Education and
Protection Fund by the Company
during the year ended March 31,
2025.

( d ) The m a n a ge m e n t h a s ;

(i) 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 to or on
behalf of the Ultimate
Beneficiaries.

(ii) 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 Party or

• provide any guarantee,
security or the like from or on
behalf of the Ultimate
Beneficiaries; and

(iii) Based on such audit
procedures as considered
reasonable and appropriate in
the circumstances, nothing has
come to our notice that has
caused us to believe that the
representations under

subclause (d) (i) and (d) (ii)
contain any material mis¬
statement.

(e) The company has not neither
declared nor paid any dividend
during the year under Section
123 of the Act.

(f) Proviso to Rule 3(1) of the

Companies (Accounts) Rules,
201 4 for maintaining books of
account using accounting
software which has a feature of
recording audit trail (edit log)
facility is applicable to the
Company with effect from April
1 , 2023. Based on our

examination, which included test
checks, and other generally
accepted audit procedures
performed by us, we report that
the company has used an
accounting software for
maintaining its books of account