We have audited the accompanying financial statements of AGNI GREEN POWER LIMITED (CIN-U40106WB1995PLC073701) (“the company”), which comprise the Balance Sheet as at 31st March, 2023, Statement of Profit and Loss and statement of Cash Flow and Statement of Changes in equity for the year then ended, and notes to the financial statements, a summary of significant accounting policies and other explanatory information (hereinafter referred to as "financial statements").

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 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, 2023, and its financial performance, 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 (SAs) specified under section 14j(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 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.

Emphasis of Matter

We draw attention to:

a) Note 12 of the financial statements which discloses non-current investments which are not tested for impairment, if any.

b) Note 17 of the financial statements which discloses Trade receivables for which balance confirmations are not available. This fact has also been disclosed in Para 13 of Note 27 of the financial statements.

Our opinion is not modified in respect of above matters.

Information Other than Financial Statements and Auditor’s Report Thereon

The Company’s management and Board of Directors is responsible for the preparation of the other information. The other information comprises the information included in the Board’s Report including Annexures to Board’s Report, but does not include the financial statements and our auditor’s report thereon.

Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. /

r„",^sibil,r^{,;s ,o read ,he} «•»

~^{or our knowiad8a} °^b,ai“^d «-of« ;^b ™sr;

‘^h„?^{is a} *-*Ý«« ^ applicable laws and regulations We have nolhing to reportTth's regard “^{rlte aCtl}“^{S appl,caWe und}"

Management’s Respnnsil.ililv f_or ,_hf Financial s,„,e„„„,.

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and fair view of the financial position, financial performance aSX^fS^"”⁶ 8™ * with the accounting principles generally accented in India ’ mH h- °^{ws ofthe} Company in accordance under section 133 of the Ac, read with rule 7 of the companies ^S'^a"^{dardS SP}“'ⁱ“'

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and other irregularities' selection and annlimti f mpany and for preventing and detecting frauds

estimates that are reasonable and prudent' and desfrfTimfr'³^ ^accountl”S P°l‘cies; making judgments and financial controls, that were opera inn 7 ^“""»ce of adequate internal accounting records, relevant toTe „ ™«™“ »"^d completeness of the

and fair view and are free from ““ * *"»

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the going concern basis of accounting unless tlie^Ro fra ^S’ ^{matters relat}ed to going concern and using or to cease operations, or te no «afo, Z IrnZtl^T““Sfthe Compan? responsible for overseeing the Compa^’TfinandalTeporting process^S° ^Th°^S' ^ °^f ““ ” ^al» Auditor’s Responsibilities focthe A.idil nf.l.e Financi.il Sioi.e......

whether duMo fraud f⁰¹" "“7 ^ ^f“^ial “ a whole are free

opinion. Reasonable .J!!JS5*|^£S f₀ “ “^dit“’^{a rep}»'< *» includes our

expected to influence the economic decisions o'f users tnUol'e"

skepticism “ *"*Ý»-' - «** profession!

SESESS

responsible for expressing our opinion weaTheEhF rvE ⁽° u ^C°^mP^ames Act> ²⁰¹3, We are also

system in place and operating effectiveness of such controi^P”^y “ ^{adequa,e lnternal fi}™cial control

Ý ^srs^“^r^{ic,M used aad ,he reasoaab,}'“^{ss pf} ——

‘ teedt “^Se,“^f T ^8<,i"«.“”^a“" of “counting and,

conditionfs) that may cast significant doubl on the elf^{3 ena}’ ^un“f^{amty exlsls} felated to eventfs) or we conclude that a tLKS^" we amZIhedl 7 “ ^C°^n,in“ “^{S a 8<,i}"⁸ “»ce,n. If .o ,e related disc,ost,res in the

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n,ay reasonably be,hough, ,„ bear „„ our independence, and whore .ppli=abl“ toS Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor’s Report) Order 2(P0 t“the DrrW’i ; , , , ^

2. As required by Section 143(3) of the Act, we report that:

“^p,a™^,io"^s—*» - - _ka„„,od₈o ^{required by} law have b“° ^^by *• ^c»’_k“_k - *• - * Report'are^n agreement with^the^oks of account⁰¹* ^L°^SS ^ ^ ^ ^F'°^{W Stat6ment dealt with} ** ^this

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appointed as a director in terms of Section 164(2) of the Act. ^{M h}’ ^{2023 f be}‘^ng

^repor“ⁿf⁸b^und'^{r clause (0} °^f

separate ^ ^lyen^h c^S^

requirements of section 197( 16) oOheAct hTreTnecfof ^ ^Audllor'^{s Repor( in} accordance with the opinion and to the best of our information there is LthingTo^eport''⁰" ^Payab'^{6 by a} P^ublic company, in our

ffiTJES ^“^te: o ^Udi'°^r'^{S R}T^rt ” ^aC“^rd”“ »“Ý " »f the

according to the explanations given ^P " “^Kl “ ^{,he best} <* « information and

(i) The company has no pending litigations on its financial position in its financial statements:

^l0"⁸'^{,erm con,rac,s} indu<lin8 d6rivat™ ^f" -'“^b

(iii) There is no amount which is required he transferred the Investor Education and Protection

^<ivdS^i:r^'t“c:^s:r^{sl k}r^iedge - *«* -

borrowed funds or share premium ™ ole L ^{loanedor i}"^ves«^d (either from

other person(s) or ° ml * "« company or in any

whether recorded in writing or otherwise rhartheⁿ|'t^{leS mein,}c^dlarres’), with the understanding, lend or invest in other persons or entities identified '' ^{60118 Sbalb wlle}ther, directly or indirectly company (“Ultimate Iin“ ci ,ri s“ lr d “^{y m}" »^hatsoever by or on behalf of the

Ultimate Benefidaries > Ý”"* ”^y «Ý"»*•• 'ike on behalf of the

^^^.^“^dThtr °^{f i,S}' d1°^{Wledee and} “^b't than as

or entity(ies), including foreign entities (“Funding Purtfes"^^^^^ ^C°^mp“^{y from any} P^erson(^s)

jrf ^an,,^{d appropriaie ip ,ha}

(a) and (b) contain any “-s«e ”m " ““ under sub-clause

'^V> of section* P23 **• “»Ý ^ ^ib «Ý*•»*» of the provisions

(vij As proviso to rule 3(1) of the Companies (Accounts) Rules, 2014 is applicable for the r

w.e.f. April 1, 2023, reporting under this clause is not applicable! ”

/O For Bijan Ghosh & Associates

Chartered Accountants ^Flr«t Regi: tmtion No.323214E

Place : Kolkata. MembUhi^No.009491

Date: 24.05.2023 UDIN V _

23009491BGQTJV6494