We have audited the accompanying Standalone Financial Statements of M/s Jetmall Spices and Masala
Limited, which comprise the Balance Sheet as at 31^st March, 2024 and the Statement of Profit and Loss
Account & Cash Flow statement for the year then ended, and a summary of the 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 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 Accounting
Standards prescribed under section 133 of the Act read with relevant rules and accounting principles
generally accepted in India, of the state of affairs of the Company as at March 31, 2024, and its profit
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 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 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 Accountant of India together with the ethical requirements that are relevant to our audit of
the Standalone Financial Statements under the provisions of the Act and the rules there under, 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 of our opinion.

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.

INFORMATION OTHER THAN THE STANDALONE FINANCIAL STATEMENTS AND AUDITOR'S REPORT
THEREON

The Company's board of director is responsible for the preparation of the other information. The other
information comprises the information included in the Board's Report including Annexure to Board's
Report, Business Responsibility Report 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.

In connection with our audit of the Standalone 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.

RESPONSIBILITIES OF MANAGEMENT AND THOSE CHARGED WITH GOVERNANCE FOR THE
STANDALONE FINANCIAL STATEMENTS

The Company's Board of Directors are responsible for the matters stated in Section 134 (5) of the
Companies Act, 2013 ("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 and Cash flows
of the Company in accordance with the Accounting principles generally accepted in India, including the
Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies
(Accounts) Rules, 2014. 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 Standalone Financial Statements that give a true and fair view and are free from material mis¬
statement, whether due to fraud or error.

In Preparing the Standalone Financial Statements, management is responsible for assessing the
Company's ability to continue as 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 boards of directors
are also responsible for overseeing the Company's financial reporting process.

AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE STANDALONE FINANCIAL STATEMENTS

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 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 decision 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
scepticism 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
estimated and related disclosure made by management.

* Conclude on the appropriateness of management's use of 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 conclusion is 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 on the Standalone Financial Statements,
including the disclosures, and whether the Standalone Financial Statements represent the underlying
transaction 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 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.

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.

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.

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 companies act 2013, we give in
the Annexure A statement on the matters specified in paragraphs 3 and 4 of the order , to the extent
applicable

1. 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 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, Statement of Profit and Loss and Cash flow Statements dealt with by this report
are In agreement with the books of account.

d) In our opinion, the aforesaid Standalone Financial Statements comply with the accounting Standards
specified under section 133 of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts)
Rules, 2014.

e) On the basis of the written representation received from the directors as on 31^st March, 2024 taken
on record by the board of directors, none of the director is disqualified as on 31^st March, 2024 from
being appointed as director in terms of section 164 (2) of the Companies Act' 2013.

f) With respect to the adequacy of the internal financial controls with reference to Standalone Financial
Statements 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 Standalone Financial
Statements.

g) In our Opinion the managerial remuneration for the year ended March 31^st 2024 has been paid by
Company to it directors in accordance with the provision of section 197 read with schedule V to 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) Rule, 2014, in our opinion and to the best of our information and
according to the explanations given to us:

i) The Company do not have any pending litigations on 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; and

iii) There were no amounts which we required to be transferred to the Investor Education and
Protection Fund by the Company

iv) (a) The Management has represented that, to the best of its knowledge and belief no funds (which
are material either individually or in the aggregate) 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 or entity, including foreign entity ("Intermediaries"), with the understanding, whether
recorded in writing or otherwise, that the Intermediary shall, whether, 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 its knowledge and belief, no funds (which are
material either individually or in the aggregate) have been received by the Company from any person or
entity, including foreign entity ("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
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 have 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) of companies (Audit and Auditors) Rules 2014, as provided
under (a) and (b) above, contain any material misstatement.

v) The company has not declared and paid dividend during the year.

vi) Based on our examination, which included test checks, the company has used accounting software
for maintaining its books of accounts for the financial year ended March 31st, 2024 which has a feature
of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant
transactions recorded in the software. Further, during the course of our audit we did not come across
any instance of the audit trail feature being tampered with.

2. 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.

For Darpan & Associates

Chartered Accountants

ICAI Firm Registration No.016156S

Darpan Kumar
Partner

Membership No. 235817
UDIN: 24235817BKFAYQ5291
Place: Chennai
Date: 25^th May 2024