A. We have audited the accompanying Standalone Financial Statements of
Multipurpose Trading & Agencies Limited (“the Company”), which comprise
the Balance Sheet as at March 31, 2024, the Statement of Profit and Loss
(including Other Comprehensive Income), the Statement of Changes in Equity
and the Statement of Cash Flows for the year ended on that date, and a
summary of the significant accounting policies and other explanatory
information (hereinafter referred to as “the Standalone Financial Statements”).

B. 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 in conformity 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, 2024, the profit and total
comprehensive income, changes in equity and its cash flows for the year ended
on that date

2. Basis for Opinion

We conducted our audit of the Standalone Financial Statements in accordance with
the Standards on Auditing specified under section 143(10) of the Act (SAs). Our
responsibilities under those Standards are further described in the Auditor’s
Responsibilities for the Audit of the Standalone 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 (ICAI) together with the
independence requirements that are relevant to our audit of the financial statements
under the provisions of the Act and the Rules made there under, and we have
fulfilled our other ethical responsibilities in accordance with these requirements
and the ICAI’s 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
Standalone Financial Statements.

3. Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most
significance in our audit of the Standalone Financial Statements of the current
period. These matters were addressed in the context of our audit of the Standalone

Financial Statements as a whole, and in forming our opinion thereon, and we do not
provide a separate opinion on these matters. We have determined the matters
described below to be the key audit matters to be communicated in our report.

4. Information Other than the Standalone Financial Statements and Auditor’s

Report Thereon_

A. 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, Business Responsibility Report, Corporate
Governance and Shareholder’s Information, but does not include the
Standalone Financial Statements and our auditor’s report thereon. Our
opinion on the standalone financial statements does not cover the other
information and we do not express any form of assurance conclusion thereon

B. 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 Standalone 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 are required to report that fact. We have nothing to report in
this regard.

5. Management’s Responsibility for the Standalone Financial Statements_

A. 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 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.

B. 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.

The Board of Directors is responsible for overseeing the Company’s financial
reporting process.

6. Auditor’s Responsibilities for the Audit of the Standalone Financial Statements

A. Our objectives are to obtain reasonable assurance about whether the
Standalone 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.

B. As part of an audit in accordance with 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 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._

ii) Obtain an understanding of internal financial controls 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 controls

___system in place and the operating effectiveness of such controls_

iii) Evaluate the appropriateness of accounting policies used and the
reasonableness of accounting estimates and related disclosures made by

___management_

iv) 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
Standalone 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_

v) 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_

C. 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 Standalone
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 Standalone Financial Statements._

D. 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._

E. 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._

F. 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_

II. Report on Other Legal and Regulatory Requirements

1. As required by Section 143(3) of the Act, based on our audit 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 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._

C. The Balance Sheet, the Statement of Profit and 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 relevant

___books of account_

D. In our opinion, the aforesaid standalone financial statements comply
with the Ind AS specified under Section 133 of the Act, read with Rule 7 of

___the Companies (Accounts) Rules, 2014_

E. On the basis of the written representations received from the directors as on
March 31, 2024 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 the operating effectiveness of such

controls, refer to our separate Report in “Annexure A”. Our report
expresses an unmodified opinion on the adequacy and operating
effectiveness of the Company’s internal financial controls over financial
___reporting._

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 197
of the Act.

H. 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, as amended in our opinion and to the best of our information and

___according to the explanations given to us:_

i) The Company does not have any pending litigations which would impact

___its financial position in its Standalone Financial Statements_

ii) The Company did not have any long-term contracts including derivative

___contracts for which there were any material foreseeable losses_

iii) There were no amounts which were required to be transferred to the Investor

___Education and Protection Fund by the Company_

iv) The Company does not declare or paid any divided during the year.

2. As required by the Companies (Auditor’s Report) Order, 2020 (“the Order”)

issued by the Central Government in terms of Section 143(11) of the Act, we
give in “Annexure B” a statement on the matters specified in paragraphs 3
and 4 of the Order._

For KARMV AND COMPANY
Chartered Accountants
Firm Reg. No. 023022N

S/D

Place: New Delhi (Arvind Kumar)

Dated: 30.05.2024 (Partner)

Membership No.507570
UDIN:- 24507570BKHIRX9920