I. We him? audited the Financial starements of HW3. limited ("the Company"], which comprise the
halaltce ahui( ai it March 31, Z024-. and tile Slatrtneht <3J J'roIlL acid Loss, statement 0/ churwci inequity
and the statement d I'cash Hows tor the year then ended, and mates to the financial statements., int Indinp a
summary u! significant sceutmt111 g pulides mid other esptjn Story information

in our opinion anti to the hestoi our mtormatioii and acrordinp to the explanations Riven to us, extept
tr>r tlie effects ni' the matter described in the fliraS for Qualified F>/jfrtfoFt aectimi of our report, the
aforesaid financial statements pivc a true and lair view in Conformity with the aecuundnp principles
ge 1 ie rally attested Lti [ ndla. of the stale of a fairs of t he Cun ij ia ny as tit Match a 1st, j! »'£ 4, and Its loss,
eflitngtf in equity and its cash Ifotvs lor the year ended 011 that dates

IJ. fails for iju.iii fU'd Qplnion

il Treatments of gratuity arid leave atlary are not In conformity with iND-fifi l^L> ittipacis thereof .art
not readily ascertainable. (Krfer Note No 3 (24|

: Dcptecialluu on comp mien Ls as laid dtuvn In foot BAIt - \ Schedule It of Companies Act, 2013 for
hnplenss’ntjTinn from financial results of 31" March, 201b has not been accounted for [Refer Note No.
3 I it" |

III. Key Audit Maders

KeV a udit mailers a re those mailers Lti at. In uu r prole ss i u nal | u d riii etil. were u f most sign! fltanct I il uttr
audit u.l the financial statements of the current period. These matters iverc addressed In the context ul
our audit of die financial statements as a whole, and in forth lug onr opinion thereon, and we do not
provide a separate opinion mi ihese matters, hi addition to the matter tie Serf bed In (he fftr.sr.s for
QuaUfisiQpinfdHsection we hove determined the mutters desittbe below:

IV Information i»th£f thati I hr ImuhtNil Stile mi; n I * *nd Auditor's lirport thrrt: Oil;

The Company's Soard of [Hhtctai¹* ts responsible for prepti ration of ih<‘ olheriflftttfttAtlon. file

other information comprises the information includedin the Management discussion and Analysis,
lin-ant's Bflpori Including Annexures &. Board's rijqjcrtsnd Sh.ires holder's Informsnon. Inn does
not Include Llis flirtation!] Statements and .’Liditois' report there nn, fJttr opinion on the financial
Statements does nut Cover the ocher tBfomaation anil We dtr no1 express any lumi of assurance
conclusion thereon.

In connection with our audit of financial statements, our responsibility is to read the information

dnd. In (loins so# consider whether the other Information Is ttntrerlully I non distent with the

financial statements or our knowledge obtained during the course ot our audit, or otherwise

appears to lie materially misstated.

If, based on the work we have performed, we conclude that there is material misstatement of this
other Information, we were required to Eiopoil thatlactWr haw nothing to Report in this regard.

V. Management's Responsibility tor Lhc Stand a Lone Financial Statement*

The Company5 Board of Directors is responsible tor the matters stated in section 13 (5) of the
Companies Act, 2013 ("the Act"} with respect to the preparation of these financial statements that
give a true and fair vLew of the financial position, finandal performance, changes in equity and rash
flows of the Company in accordance with the IND-AS and other accounting principles generally
accepted in India, Including the accounting Standards specified under section 133 of the Act. The
respective hoard of Directors of flic companies ate also responsible for maintenance 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 ijdeni.il
financial controls, that were operating effectively for ensuring the accuracy and completeness of

the accounting records, relevant to the preparation and presentation of the finandal statement that

give a true and fair view and are free from material Is statement, whether due to fraud or error.

In preparing the financial statements, Ftosrd of Directors of the company is responsible fur
assessing the Company's ability In continue as a going concern, disclosing, as applicable, matters

related to goi ng concern and using the going con cem basis of accou nting uti less nna n agement eith er
Intends to liquidate the Company or to cease operations, or has o realistic alternative but to do so.

The Board of Directors Is also responsible for overseeing tbe Company's financial reporting
process.

VI, Audi tor’s Elf s pn ns ibl li ties for t he Audit of the Filta neial Statements

Our objectives are L« obLain reasonable assurance about whether the financial statements as a
whole are /tee from material misstatement, whether due to fraud or error, and to Issue an auditor's

report that includes our opinion. Reason a hlr assurance is a high Irvcl of assurance, hut is not a

guarantee that an audit conducted In accordance with SAs will always detect a material
Ýmisstatement when it exists. Misstatements. Kin 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 or the basis of the financial statements-

As part ot an auditing accordance with SAs ,wc citcmse professional judgment and maintain

prufesSl unali keep frit Iciiffl (li rough 0 ill lltc an di LWe HI So;

Ý Identify and assess Uit^L risks nfmaterial missiaienienl oi the 1 manual statements, whether due lit
fraud nr error, design and perform audit procedures responsive to those nsks, and obtain nudlt
evidence that Is sufficient and appropriate tn provide a hasis (or our opinion. The risk ol not
detecting a material misstatenifnt resulting trniu fraud is hipticr lhan tor oik resulting Irntn error,
as Iraud may Involve collusiujp forgery Intentional omissions, tidsrep regents tlfihiS, or Ike override
of Internal control.

Ý Obtain tin uMerslitidltig of Internal control relevant to the audit in order in design Audit
procedures that arc appropriate in the clrcuiu.sttnces. Under section 143(31(1] of the Companies
Act, 2013, we are also responsible for expressing our opinion an whether the company' has
adeguate Internal fm BEirid IcuntrolsSy sleuii npl accaudl I ieu peral In gell L'cttvenessol's ud wort! ru I s

Ý Evaluate Ihe appropriateness ul accounting policies used and I he reasonableness of accounting
estimates and related disclosures tnAdeby management.

* Cdnflmle on the appropriateness at management's use of the going concern basis Ol' accounting
alid. based on the audit evidence obtained, whether a material uncertainty exists related In even Li
or conditions that may cast significant doubt on the Company's ability to continue us ,i going
concent. If we conclude that a material uncertainty exists, ive are required (o draw attention in

our autlltor's report lo the related disclosures In the financial statements or, if such disclosures
are IrtatleijLiAte, to mod lljjt OUT npliliOIL Our runehlsiuns ate based Ý m tin.'audit evlilelufe uhtallied up
to the date of our auditor's report, itowever. future events or conditions may cause the Company to
cease to continue as a going concern.

Ý Materiality Is the magnitude of misstatements In ihe financial Statements that, individually or tti

uggreijate', makes iL probable'that the economic decisions of ,i reasonably knowledgeable useroftlie
Financial Statements may he influenced. We eoneider quantitative materiality and qualitative
factors in (t) pljnning die scope ul our .juilil work end in evaluating the rcsidts ol our work; and (iij

to evaluate the effect of any identified misstatements hi the Financial Sts tsnients.

Ý Evaluate the overall presentation, strucmri? and content ot the tinancial statements, including the
disclosures, and whether ihe tin mid u! statements represent the underlying traneaeflmwsid eveids
in a manner that achieve* fair presentation.

- Obtain siithcicnt appmpriate audit evidence rr-g.u ifing the financial information of The entities nr
business activities within the company to express an opinion on I he linanciiil statements. Wt arc
responsible For the direction, supervision and performimre of the -mrlit of Fnumcfal statements of
such entities Included in financial statements.

Ý We communicate with thosE charged with govErnance regarding among other matters, the planned
scope and timing of the atn£t and significant audit findings, including otiy significant deficiencies
m Internal control that we Identify dim ng our and It.

- We also provide those charged with governance with a statement that wo have complied with
relevant rlliitiil requirements regarding Independence, and to cutnnuihlcate With them all
relationships and other matter, that tnaV reiSDIlkiitybr thought to hear oil oLLr independence, alnl
where applicable, related safeguards,

* From the matters eomttm incited with those charged with governance, we determine those matters

that were ol must significance Ln the audit of the financial s'a'omen Is ol the Lum.rl period and arc
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 CireutriS till res.
we determine that a matter should not be communicated in our report because the adverse
constt|ucnccs of doing so would rcasonably he expected to outweigh llic public interest benefits of
such cumniti ideation.

ViI. Reporton Other E.cgal and Regulatory Requirements

I As reo|Hired hylhc Companies [Auditor's Report! Order, IQZQ ['the Order'"I. issued by the Central
tlovernment nf India m terms oFsnh-section [flj of section HU of the Companies Act 2013, wo
give |p the Anre^une -2 statement nn the matters specified In paragraphs 3 and 4 of the Order, to
the men t applicable.

3 As required by Section H3[3] of the Act. weTe port that:

(a) We have sought and nil brined all the information and explanations which to tile best of our
knowledge and hr-liei wv are neces-saiy (or the purposes ol nur audit of the aforesaid financial
statements.

f/tji III nur opinion, proper Imoks of account ns required ly law have been kept by the Company
so far ns It appears frtan our em ml nation orthos* books,

(c| Ttic Balance Sheet, the Statement ot Profit and L.uss, tile SlaLumeut ut changes in liquifies and
the Cash Flow' Statement ilealt With by tills Kcporl arc in agreement with the bouts ul
account nialntalncd for the purpose of preparation of the financial statements.

{til In our opinion, die aforesaid financial statements comply with tlie IN ft AS specified wirier
Section 133 of the Act, read with Rule l of the Companies (Accounts) Rule 5,20 E 4.

(c) On Llie basis of [he Written representations received from llie directors as cm Hist March.
Z02-1, taken on record by the Board nf Pi rectors, none of the directors is disqualified on
Ma rch. 31 Ý'. 202-1 _r I rum hemp appointed as a directors in terms of section JA4 (Li) uttbc AcL

(f) With respect to tiie itrteqn<icy of the interna! Finniiaul controls over financial reporting ofrlie

Company and llie operating elfecLivoncss of such coEilrols, refer lu our separate hteporl in

'Atmexure -1.

|g) Wi& respect te thee thefjiiHJttq&i to be included in Auditor's Report in arcordanre with the
net]Liiremcnts of Section 197( 1 ft} of llie Act, as amended :

tit on r oplnion and to file best of o u r 11 ifu r nu tie ti and accordl ug to expl muiticm s given to us,
the reimmerado-n paid by the Company to it's directors during the year is in accordance
wtth the p rov Islons of section 197 of tf ir Art.

It} 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 host
of mi r itifn I'm a tion mid aonordl ng to the explanations given ro tisr

i. Tlie tfomptirvy has disclosed the Impact of pending litigations on Its financial position In
ILs financial statements-Refer Mule ft (2If) to die financial statements,

il. The (fumpany docs not has any material foreseeable loss arising out of derivative
contract

Hi. There lias heen no delay In transferring amounts, required lo he transferred,, to tlie
Investor Education and Protection Pimd by the Company.

iV.fa) The management has represented lhat, the best nf its knnwiedge end beliet, no
funds have been advanced or Loaned or invested (either burrowed Funds lit share
premium nr any Other sounres nr kind of funds) hy the company or in any other
persons nr entities Including foreign entitles [Intermediaries) with die
understanding, whether recorded In writing or otherwise, that the intermediary
shall, directly or indirect Jy lend or Invest hi o tiler persons or villi Lies identified In
any manner whatsoever ("ultimate Beneficiaries') hy or mi belial! td the company
or provide any guarantee. security ortho like on behalf ot the ultimotp Beneficiaries,

(h) The mgniijDDHil li.is represented th.it , tn the beet of its hnosviotlpc and belief, no
hinds lTive been received bgi the company front tiny person or i-iHiTint. including

foreign entities ("Fundingentities"] willi the Understanding whether recorded in

writing or olherwlso. that die company shall directly or indirectly. Lend or invest in
Other persons or entitles identified in jelv rninner rthumeW | "ultima tr
bettefidarfes"] hv or on hehaif of thi- funding parties nr provide any guarantee,
scruritv or Like on behalf Gt the ultimate beneficiaries.

|ej tliisrd on llie procedures prrJonncd that Ltavc been considered reason,ibic and
appropriate in the circumstances, nothing has com to our notice tint has Ýcaused US tn
bcJtevc that the representations under sub-clause (Li) and fiii) dFRuIc ti(a| contain anv
materlil misstatement,

v. In view of iwcumuJated loss Company did not declare and paid dividend during the

Current year and also m the prtvbout year

vl. Tiie Company mill mains its accounts manually hence qutatfcn of hmdng accounting softwsrt
foriuullttrailideiitlfltution under rule 1] (9)does notarise

(i, BA&& COMPANY
CHARTERED ACCOUNTANTS
R . NO. - 30 117 LE

PARTNER
fO.GUHAJ
(M . Pill -05470?)

IIJHN: 24054702BKEEME»7‘>

Place: Kotkot.i

nnte:2ii^1h May2024,