We have audited the accompanying financial statements of Finkurve Financial Services
Limited ("the Company"), which comprises of Balance Sheet as at 31 March 2025, the
Statement of Profit and Loss (including Other Comprehensive Income), the Statement of
Changes in Equity and the Statement of Cash Flow for the year then ended, and notes to the
financial statements, including a summary of significant accounting policies and other
explanatory information.

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 (the "Act") in the manner so required and give a true and fair view in conformity with the
Indian Accounting Standards ("Ind AS") prescribed under section 133 of the Act read with
Companies (Indian Accounting Standards) Rules, 2015, as amended, and other accounting
principles generally accepted in India, of the state of affairs of the Company as at 31 March
2025, its profits (including other 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 Act. 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 (ICA1) together with the ethical requirements
that are relevant to our audit of the financial statements under the provisions of the Act and
the Rules made 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 audit opinion on the financial statements.

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most
significant 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.

Information Other than the Financial Statements and Auditor's report thereon

The Company's Board of Directors is responsible for the preparation of other information.
The Other information comprises the information included in the Company's annual report
but does not include the financial statement and our auditor's report thereon which we
obtained prior to the date of this auditor’s report, and Annual Report, which is expected to be
made available to us after that date.

Our opinion on the Financial statements does not cover the other information and we do not
express any form of assurance conclusion t hereon.

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 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 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 Act with respect to the preparation of these financial statements that give a true and fair
view of the Financial position. Financial performance (including other comprehensive income),
changes in equity and cash flow’s 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
w'ith 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, the 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 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
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 are 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 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 control 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 the 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 entity'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
entity 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.

W'e 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, vve 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

• 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 Act,
we give in the Annexure "A" a statement on the matters specified in paragraphs 3 and 4
of the Order, to the extent applicable.

• (A) As required by Section 143(3) of the Act, we report that:

• 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.

• 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 and records.

• The Balance sheet, the Statement of Profit & Loss (including other comprehensive

income), Statement of Changes in Equity and the Statement of Cash Flow dealt
with by this Report are in agreement with the books of account.

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

• On the basis of the written representation received from the directors as on 31
March, 2025 taken on records by the Board of Directors, none of the directors is
disqualified as on 31 March, 2025 from being appointed as a Director in terms of
Section 164 (2) of the Act.

• 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 with reference to Financial Statements.

• With respect to the other matters to be included in the Auditor's Report in
accordance with the requirements of Sec 197( 16) of the Act:

In our opinion and to the best of our information and according to the explanations
given to us, the remuneration paid/ provided by the Company to its directors during
the year is in accordance with the provisions of section 197 of the Act;

(B| With respect to the matters to be included in the Auditor's report in accordance
with the 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, we
report that:

• There were no pending litigations which would impact the financial position of the

Company (refer note no 31 of the financial statements).

• The Company did not have any long-term contracts, including derivative contracts

for which there were any material foreseeable losses.

• There is no amount required to be transferred, to the Investor Education and

Protection Fund by the Company.

• (a) The Management has represented that, to the best of it’s knowledge and belief,

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, 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 it's knowledge and belief,
as disclosed in the notes to 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, 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 has 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 |B] (iv) (a) and (b) above, contain any material
misstatement.

• The Board of Directors of the Company have not proposed dividend for the
current year and in the previous year.

Ý 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 31 March, 2025 which has a feature of recording audit trail (edit log)
facility. However, the feature of recording audit trail (edit log) facility was not
enabled in the software used for maintaining the books of accounts.

As the feature of recording audit trail (edit log) facility have not been enabled in
the software used for maintaining the books of accounts, reporting for
preservation of such audit trail as per the statutory requirements for record
retention is not applicable.

For P. D. Saraf & Co.

Chartered Accountants

(Firm Registration No. 109241W)

(Madhusudan Saraf)

Partner

M. No. 41747

UD1N: 2404 1747BKGSPH3944

Place: Mumbai

Date: 29^,h May, 2025