We have audited the accompanying financial statements of Western Overseas Study Abroad Ltd. (“the company”),
which comprise the Balance Sheet as at 31 March 2026, the Statement of Profit and Loss, and the Cash Flow Statement
for the year then ended, and a summary of significant accounting policies, 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 Act in the manner so required and give a true and fair view in conformity with the
accounting principles generally accepted in India;

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 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 the Companies (Accounting Standards)
Rules, 2021, (“AS”) and other accounting principles generally accepted in India;

• of the state of affairs of the Company as at March 31, 2026;

• of the profit for the year ended on that date; and

• of the cash flows for the year ended on that date.

Basis of Opinion

We conducted our audit of the financial statements in accordance with the Standards on Auditing (SAs) 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 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 obtained by us is sufficient and appropriate to provide a basis for our opinion on the
financial statements.

Key Audit Matters

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.

Emphasis of Matter

We draw attention to Notes to the financial statements regarding deferment of advertisement, online promotion and
Research & Development expenditure by the Company and amortization thereof over future periods based on
management estimates of future economic benefits.

Our opinion is not modified in respect of this matter.

Deferred Advertisement and Research & Development Expenses

The Company has deferred certain advertisement, promotional and Research & Development expenses and carried the
unamortized balance under Other Non-Current Assets.

Information Other than the Financial Statements and Auditor’s Report Thereon

A) The Company’s Board of Directors is responsible for the preparation and presentation of its report (herein after called as
“Board Report”) which comprises various information required under section 134(3) of the Companies Act 2013 but does
not include the financial statements and our auditor’s report thereon.

Our opinion on the financial statements does not cover the Board Report 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 Board Report and in doing so,
consider whether the Board Report 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 work we have performed, we conclude that there is a material misstatement in this Board Report, 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 Financial Statements

The Company’s Board of Directors is responsible for the matters in section 134(5) of the Companies Act, 2013 (“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 AS and other accounting principles generally
accepted in India. This responsibility also includes the maintenance of adequate accounting records in accordance with the
provision of the Act for safeguarding of the assets of the Company and for preventing and detecting the 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 internal financial control, that were operating
effectively for ensuring 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 misstatement, whether
due to fraud or error. 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. That Board of Directors are also responsible for overseeing the company’s financial
reporting process.

Auditor’s Responsibility for the Audit of the Financial Statements

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.

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.

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 maybe 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.

From the matters communicated with those charged with governance, we determine those matters that were of most
significance in the audit of the 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.

Other Matter

1. Company is listed on BSE stock exchange as on 11/12/2025, and this is the first Financial Result of the Company.
Report on Other Legal and Regulatory Requirements

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 appears
from our examination of those books.

c) The Balance Sheet, the Statement of Profit and Loss, and Cash Flow Statement dealt with by this Report are in
agreement with the books of account.

d) In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section
133 of the Act, read with the Companies (Accounting Standards) Rules, 2021

e) On the basis of written representations received from the directors as on 31 March, 2026, taken on record by the
Board of Directors, none of the directors is disqualified as on 31 March, 2026, 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"; and 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.

With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the

h) 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 has disclosed the impact of pending litigations, if any, on its financial position.

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

iii There were no amounts which 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 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 entities (“intermediaries”) with the
understanding, whether recorded in writing or otherwise, that the intermediary shall, whether directly or indirectly
lend or invest in other person or entity identified in any manner whatsoever by or 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 have been received by
the company from any person or entity 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 person or entity identified in any manner whatsoever by or 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 that were considered reasonable and appropriate in the circumstances, nothing
has come to our notice that has caused us to believe that representations under sub clause (a) and (b) contain any
material mis-statement.

v) The Company has neither declared nor paid any dividend during the year.

vi) Based on our examination, which included test checks, the Company has used accounting software for
maintaining its books of account 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) Companies (Auditor’s Report) Order, 2020(“the Order”) issued by the Central Government in terms of
Section 143(11) of the Act is as per “ Annexure B”

For K V M S amd Company
Formerly known as Singla Mandeep & Associates
(Peer Reviewed Firm)

(Chartered Accountant)

Sd/-

Name: CA. Mandeep Singla
(Partner)

Address: H. No. 22, New Partap Nagar, Near
Vita Booth, Ambala City, Haryana

Place : Ambala M. No.: 530318

Date : 28.05.2026 UDIN: 26530318HJDJMA4669