We have audited the accompanying financial statements of A D S DIAGNOSTIC LIMITED l“the
Company”), which comprise the balance sheet as at 31* March 2024, the statement of profit
and loss (including other comprehensive income), the statement of cash flows and the
statement of changes ir equity 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 explanations given to us except for the
effect of the matters described in the Basis of Qualified Opinion in para below, 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
principles generally accepted in India of the state of affairs of the Company as at 31^M March,
2024, and the net profit (including other comprehensive income), changes in equity and its
cash flows for the year ended on that date.

Basis for Qualified Opinion

The Company has not implemented accounting software having Audit Trail (edit log) facility
white maintaining its books of accounts.

We conducted our audit In accordance with Standards on Auditing (SAs) specified under
Section 143(10) of the Act and other applicable authoritative pronouncements issued by the
Institute of Chartered Accountants of India (“the ICAI”). Our responsibilities under those
standards arc further described In the 'Auditor's Responsibilities for the Audit of Financial
Statements' section of our report. We are independent of the company in accordance with the
code of ethKS issued by the ICAI together with ethical requirements that are relevant to our
audit of the Financial Statements under the provisions of the Act and Rules made thereunder,
and we have fulfilled our ethical responsibilities m accordance with the requirements with
these requirements and the Code of Ethics. We believe that the audit evidences obtained by us
is sufficient and appropriate to provide a basts for our qualified opinion.

Key Audit Matters

Key audit matters are those matters that, in our professional Judgment, were o( 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 the^reon. and we do not provide a separate opinion on these matters. We have
determined the matters described hereunder to be key audit matters to be communicated in
our report.

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 inducting Annexure to Board's Report, Business Responsibility
Report, Corporate Governance and Shareholder's Information, but does not include the
financial statements and the auditor’s report thereon.

Our opinion on the financial statement 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 financial statements or our Knowledge obtained during the course of
our audit or otherwise appears to be materially misstated.

If, based on the woih 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 icpoit in
this tegard.

AC-•.? /

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, changes In equity and cash flows of the
Company in accordance with the AS and the other accounting principles generally accepted w
India. This responsibility also includes maintenance of 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 Internal financial controls,
that are operating effectively for insuring 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 misstatements, whether due to fraud or error.

In the 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.

The Board of Directors is 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 a reasonable assurance about whether the financial statements as
a whole are free from material misstatement, whether due to fraud or error, and to issue our
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 due to fraud or error and are considered
material if, individually or in aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the bash of these financial statements

As part of an audit w accordance with the SAs, we exercise professional judgment and
maintain professional skepticism throughout the audit. We also:

(i) 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
basts for our opinion. The risk of not detecting a material misstatement resulting
from fraud is higher thar one resulting from error, as fraud may involve collusion,
forgery, Intentional omissions, misrepresentations or the override of Internal control.

(If) Obtain an understanding of the internal controls relevant to the audit in order to
design audit proredUrrs that are appropriate in the circumstances, tinder section
143(3J|I) of the Act. 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.

(lit) Evaluate the appropriateness of accounting policies used and the reasonableness of
accounting estimates and related disclosures made by management.

(iv) Conclude on the approonateness of management’s use of the going concern basis of
accounting and, based on the audit evidence obtained, wtietncr 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 disclosure} In the financial statements or, if such disclosures are inadequate,
to modify our opinion. Our conclusions are based on the audit evidence obtained upto
the date of our auditor’s report However, future events or conditions may cause the
Company to cease to continue as a going concern.

(V> 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.

We ccmminicate 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 controls 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 reasonable be thought to bear on our independence,
and wnere applicable, relevant 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 statement} of the a*rent
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, 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 l egal and Regulatory Requirements

1. As required 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 cm the matters specified (n paragraphs 3
and 4 of the order, to the extent applicable.

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 purposes of our audit.

b. In ou 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 except for the
mattea stated hi theparagraph 2below on repenting under Rule I l(gj,

c. the Balance Sheet, the Statement of Profit and Loss. Statement of Changes in Equity
and the Cash Row Statement dealt with by this report are in agreement with the
books of accounts;

d. In our opinion, the aforesaid financial statements comply with the accounting
standards specified under Section 133 of the Act;

e. On the basis of the written representations received from the directors as on 31^M
March. 2024 taken on record by the Board of Directors, none of the directors is
disqualified as on 31 “March, 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 the operating effectiveness of such controls, refer to
our separate Report in Annex ure B. Our report expresses an unmodified opinion on
the adequacy and operating effectiveness of the Company's internal financial controls
over financial reporting.

g. The qualification relating to the maintenance of accounts and other matters connected
therewith are stated In the paragraph 2(b) above on reporting u/s 143(3)(b) and
paragraph 2lli)|vh beluw on repotting under Rule 11(g).

h. With respect to the other matters to be included in the Auditor’s Report in accordance
with Role 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:

I, The Company has disclosed the impact, if any of pending litigations on its financial
position, in its financial statements (Refer Note Mo. 29 of the financial
statements).

ii. The Company did not have any long-term contracts including derivative contracts
for which there were any material foreseeable losses.

IH. The Company Is not required to transfer any amount to the Investor Education and
Protection Fund.

iv. a) The management has represented that, to the best of its 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
entltyiies), including foreign entities ("Intermediaries"), with the understanding,
whether recorded in writing or otherwise, that the Intermediary shall, whether,
directly or indiiectly lend or Invest m 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 its knowledge and belief,
other than as disclosed in the notes to the accounts, no funds have been received
by the company from any pcrson(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 entitles 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 8coeflciaries: and

|C| Based on such audit proce&jces we nave obtained reasonable and appropriate
evidence in the circumstances nothing has come to our notice that has caused us
to believe that the representations under sub-clause (l) and (H) contain any
material misstatement.

v. Dividend declared or paid by the company during the period covered by this report
ts in rnmplianrp with section 123 of the Companies Art, 2013.

vf. Based on examination, which includes test checks, the Company has not used an
accounting software for maintaining Its Books of Accounts which has a feature of
recording Audit Trait (edit log) facility.

As proviso to Rule 3(1) of the Companies lAccounts) Rules, 2014 is applicable from
1st April 2023, reporting under Rule 11(g) of the Companies (Audit and Auditors)
Rules, 2014 or preservation of audit trail as per statutory requirements for the
record retention is not applicable for the financial year ended on 31st March 2024.

I. In our opinion and according to the information and explanations given to us, the
remuneration paid by the company to its director dutfng the cun tut financial year Is
in accordance with the provision of Section 197 of the Act The remuneration paid to
any director is not in excess of the limit laid down under section 197 of the Act.

FOR V.M. PUROWIT 6 CO.

Chartered Accountants

Firm Regn. No. 304G40F

O.P.Ja(eek t'

Partner

Membership No. 014238
UDIN: 240142388KAUCN4765

New Delhi, the 3(Tday of May, 2024