We have audited the accompanying standalone financial statements of financial
statements of BIZOTIC COMMERCIAL LIMITED ("the Company"), which
comprise the Balance Sheet as at 31^st March 2025, the Statement of Profit and Loss
and Cash Flow Statement for the period ended, and 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 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 31^st March 2025, and its profit
and its cash flows for the period ended on that date.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing 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 Code of
Ethics. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our opinion.

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
134(5) of the Act with respect to the preparation of these standalone these financial
statements that give a true and fair view of the financial position, financial
performance and cash flows of the Company in accordance with the accounting
principles generally accepted in India including accounting standards referred to in
section 133 of the Act, as applicable. 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.

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 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;

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 Statement of
Cash Flow dealt with this report are in agreement with the books of account;

d. In our opinion, the aforesaid Financial Statement comply with the Accounting
Standards specified under Section 133 of 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, 2024, 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 period is in accordance with the provisions of section 197 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 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 2025.

(c) There has been no delay in transferring amounts, required to be transferred,

the Investor Education and Protection Fund by the Company during the
period ended March 31, 2025.

(d) The management has;

(i) Represented that, to the best of its knowledge and belief as disclosed in Note
No. 35 to the Financial Statements, 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 as disclosed in Note
No. 36 to The Financial Statements, 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 sub clause (d) (i) and (d) (ii) contain any material
Mis-statement.

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

(f) Proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 for maintaining
books of account using accounting software which has a feature of recording

audit trail (edit log) facility is applicable with effect from April 1, 2023 to the
Company and its subsidiaries, which are companies incorporated in India,
and accordingly, The Company has used accounting software 'Tally Prime
System' for maintaining its books of account which has a feature of recording
audit trail facility and the same has not been operated throughout the period
for all transactions recorded in the software and the hence we are unable to
comment on audit trail feature of the said software.

FOR, J SINGH & ASSOCIATES,

CHARTERED ACCOUNTANTS
FRN: 110266W

AMIT J JOSHI

PARTNER

M. NO: 120022

UDIN: 25120022BMIJZ V7315

Place : Ahmedabad
Date : 29.05.2025