1. We have audited the standalone financial statements
of Chetana Education Limited ("the Company"),
which comprise the balance sheet as at March 31, 2026,
and the Statement of Profit and Loss and Statement
of Cash Flows for the year then ended, and notes
to the financial statements, including a summary of
significant accounting policies and other explanatory
information.

2. 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
principles generally accepted in India, of the state of
affairs of the Company as at March 31, 2026, its profit
and cash flows for the year ended on that date.

Basis for Opinion

3. 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 Act 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.

Key audit matters

4. Key audit matters are those matters that, in our
professional judgment, were of 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 thereon, and we do not
provide a separate opinion on these matters.

5. We have determined the matters described below to
be the key audit matters to be communicated in our
report.

Management's responsibility for the financial

statements

10. The Company's board of directors are 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 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. 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 were operating
effectively for ensuring the accuracy and completeness
of the accounting records, relevant to the preparation
and presentation of the financial statement that
give a true and fair view and are free from material
misstatement, whether due to fraud or error.

11. In preparing 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.

12. The board of directors are also responsible for
overseeing the Company's financial reporting
process.

Auditor's responsibilities for the audit of the financial

statements

13. 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 financial statements.

14. 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 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 financial statements, including the
disclosures, and whether the financial statements
represent the underlying transactions and events
in a manner that achieves fair presentation.

15. Materiality is the magnitude of misstatements in
the 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.

16. 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.

17. 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.

18. 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

19. 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", a statement on the matters
specified in paragraphs 3 and 4 of the Order, to the
extent applicable.

20. 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, the statement of profit and loss,
and the cash flow statement dealt with by this report
are in agreement with the books of account;

d) In our opinion, the standalone financial statements
comply with the accounting standards specified
under section 133 of the Act, read with rule 7 of the
Companies (Accounts) Rules, 2014 as amended.

e) On the basis of the written representations received
from the directors as on March 31, 2026 taken on
record by the board of directors, none of the directors
is disqualified as on March 31, 2026 from being
appointed as a director in terms of Section 164 (2) of
the Act;

f) There is no adverse remark relating to the maintenance
of accounts and other matters connected therewith.

g) With respect to adequacy of the internal financial
control over financial reporting of the company
and 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 control over financial reporting.

h) 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/provided by the Company to its
directors during the year is in accordance with the
provisions of section 197 read with Schedule V to the
Act.

i) 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 best of our information and
according to the explanations given to us;

i. The Company has disclosed the impact of
pending litigations on its financial position in
its financial statements - Refer notes to accounts
attached to the 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 management has represented that, to the
best of its knowledge and belief, no funds have
been advanced or loaned or invested (either from
borrowed funds or securities premium or any
other sources or kind of funds) by the Company
to or in any persons or entities, including
foreign entities ('the 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
('the Ultimate Beneficiaries') or provide any
guarantee, security or the like on behalf the
Ultimate Beneficiaries;

b. The management has represented that, to the best
of its knowledge and belief, no funds have been
received by the Company from any persons or

entities, including foreign entities ('the 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; and.

c. Based on such audit procedures performed
as considered reasonable and appropriate in
the circumstances, nothing has come to our
notice that has caused us to believe that the
management representations under sub-clauses
(iv) above contain any material misstatement.

v. The company has not declared nor paid any
dividend during the year, hence the compliance
of section 123 of the act is not applicable to the
company.

vi. Based on our examination, which included test
checks, the Company has used an accounting
software for maintaining its books of account for
the financial year ended 31^st March, 2026 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.
Additionally, the audit trail has been preserved
by the company as per the statutory requirements
for record retention

FOR PARESH VORA & ASSOCIATES
CHARTERED ACCOUNTANTS
Firm No: 118090W(Paresh Vora)PartnerMem. No.103963UDIN: 26103963JKYCJJ8371Place: Mumbai
Date: 19^th May, 2026