1. We have audited the accompanying standalone Ind AS financial statements of M/s. Creative Castings Limited, Jmiagadb (t' IN:

I ,27IO0£rJl9&5Pl-COO82li6) ((he "Company’¹!., which comprise the Balance Sheet as at March £(, 2(t24, the Statement of Profit and Loss, statement of Other Com prehensile Income, the Statement of Changes in equity and the Statement of Cash Hows for (he year ended on (hat date, and a summary of the significant accounting policies and other explanatory information i the ‘‘the standalone Ind AS financial statements”).

2. In our opinion and to the best of nur information and according to the explanations given to us, she aforesaid standalone ind AS financial statements give the information required by (he Companies Aet. 2013 (the “Act”) in the manner so required and give a true and fair view in eon form iiy with the Indian Accounting Standards prescribed under section 13d of the Aet read with the Companies (Indian Accounting Standards) Rules, 20L1L us amended, (the "bid AS") and other accounting principles generally accepted in India, iff tlie state of affairs of the Company as at March 31, 2024, die Profit, iota! comprehensive incomes changes in equity and its cash (low-; lor the year ended on that dale

Basis for Opinion -

3. We conducted our audit of the standalone Ind AS financial statements in accordance With the Standards on Auditing specified tinder .section 145(1(1) of the Act (the “SAs¹”), Our responsibilities under those Standards are further described in the Auditor’s Responsibilities Ibr the Audit of the Standalone lud AS F inancial Statements section df our report. We are independent of the Company in accordance With the Code of Ethics issued by (he institute of Chartered Ac cotm tarts of India (the “ICA1”) together with the independence requirements that are relevant to our audit of [lie standalone lud A,S financial statements under the provisions of the Act ant! the Rules matte there under and we have fulfilled our other ethical responsibilities in accordance with these requirements and tlte fCAfs Code of Lthics, Wc believe that the andn evidence we have obtained is sufficient and appropriate to provide a basis for our audii opinion on the standalone ind AS financial statements.

Key Audit Matters ,_,

1, Key audit matters are those matters that, in our professional judgment, w ere of most significance in our audit of the financial statements for the financial year ended March 31.2024. These matters were addressed in the contest 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. For each matter below, our description of how our audit addressed the matter is provided in that context.

1. We have determined the matters described below to be the key audit matters to be communicated in our report, Wc have fulfilled the responsibilities described in the Auditors responsibilities lor the audit of the financial statements section of our report, including iit relation to these matters. Accordingly, our audit included the pertimnanee of procedures designed to respond to our assessment of the risks of material misstatement of the financial statements. The results of oar audit procedures, including the procedures performed to address the matters below, provide the bus:; for our audit opinion on the accompanying financial statements.

a) Completeness of rev cn tie (as described in note l tbl (kvj (Summary of significant accounting policies) and note 24 of notes to the financial statements Ibr the year ended March 31 2024.

Lii format [mi Other than the Staiidalnne Financial Statements and Auditor's Report Tliertnn .

1. The Company’s Board of Directors is responsible! for Llic preparation of the other information,. The other information comprises rhe information included in rite Management Discussion and Analysis, Board's Report including An flexure to Board’s Report, Business Re spun sib i lily Repur! _L Corporate Governance and Siuirvliulder’s Information. but dues not in elude the standalone Ind AS l"manciul statements mid our auditor's report thereon.

1. Our opinion on the standalone Ind AS financial statements lines not cover die othei information and we do not express any form of assurance conclusion thereon.

1. in connection with our audit ofthe standalone financial statements, our responsibility is to rend the other information-apt!, in doing so-, consider whether the other information is materially inconsistent with the standalone Ind A5. financial statements or our knowledge obtained during the course of our auditor otherwise appears to Etc materially misstated.

4. if bused cm [lie work we have performed, we conclude that there is a inalerial misstatement of this other information; we Line required to report that fact. We have nothing to report in this regard.

Management's Responsibility for tfic Standalone Ind AS Floaacta] Statements _

5, fhe Company's Board of Directors is responsible for the matters stated in section 134(5) of tJie Act with res peer to the preparation oflhesc standalone Ind AS 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 Lteeordanoe with the lndi;m Accounting Standard (Ind AS; specified under Section 13A of the :rct and other accounting principles generally accepted in India. This ivsronsihil ity also includes maintenance of adequate accounting records in accordance with lhe provisions nfthe Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application df appropriate accounting policies; making .judgments and estimates that are reasonable and prudent: and design, implementation and maintenance of rrdequate 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.

6, In preparing the standalone Ind AS [inaneia! sia [citterns, management is responsible for assessing the Company's ability (0 continue as li going concern, disclosing, as applicable, matters, related Co 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 !o do so-

7. The Board of Directors are responsible for overseeing the Compands financial reporting process.

Auditor's Responsibilities For the Audit of lire End AS Standalone Kiimneial Slnicnrenis_

I. Our objectives are lo obtain reasonable assurance about whether the standalone Ind AS financial statements as a whole are tree front material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is g high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect ;l material misstatement when it exists. MisstELte merits am arwe from fraud or error and are considered material if. individual!y

or in the Sggregalt!, iliey could rouxon-abl y be ex petted to influence the economic deikiunS of users taken on [lie basis of these standalone Ind A S financial statements,

2. As part of ad audit in accordance with SAs, we exercise professional judgment and maintain provisional scepticism through out the audit, We also:

* Identity and assess the risks of materia] misstatement of the slundahuie ind AS financial statements, whether due to frtnld or error, design and perform audit procedures responsive to those risks. and obtain imdil 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, ns fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the Override of interna! eon fro l.

Ý Obtain an un tiers tan ding of internal financial controls relevant to the audit in order 10 design audit procedure* that are appropriate in the circumstances. Under section 143(2Hi) of the Act, we are also responsible for expressing our opinion on whether the Company lias adequate internal financial controls system In place and the operating effectiveness of such controls.

Ý Evaluate tlie appropriateness of accounting policies used and the reasonableness of accounting estimates and related discloses made by unjuiagemviil-

* Conclude nn 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 th| Company’s ability to continue as a going concern. If we conclude lhai 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 arc inadequate, to modify our opinion. Our conclusions are based nn the audit evidence obtained up to the date of nnr auditor's report I lowever. future events or conditions may cause the Company to cease to continue as a going concern

* Evaluate the overall presentation, structure, 911 d content of the standalone I nil AS financial statements, including the disclosures, and whether rite Standalone financial Statenleius represent tile underlying transactions and evem> in a manner that achieves fair presentation.

3. Wc communicate with those charged with governance regarding, among other matters., (he planned scope and liming of ihe audit and significant audit findings, including any significant deficiencies in internal control fiiat wc identify during our audit.

4. We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, Find to communicnte with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards,

5. From the matters communicated with those charged with governance we determine those matters that were of most significance in the audit r>f the standalone Ind AS financial statements of the current period and are therefor® llie key audit matters. We describe these nutters in our auditor’s report unless law or regulation precludes public disclosure about die matter or when, in extremely rare civennistanecs, we determine that a matter should not be eonummSeated 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 Lcfjal and Regulatory Requirements

1 As required by the Companies {Auditor’s Report) Order, 2020 (the " Order'^L). issued by the Central Government of India in terms of &u b-section (11) of section 143 of the Companies Act, 2013. we give in the "Anncxure-A” statement on the matters specified in paragraphs 3 and 4 of the Order, to the extern applicable.

2. As required by Section 143(3) of the Act. based or tuir autlil we report that:

(a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were Accessary for the puqioses of our audit.

(b) In onr 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 hook* except for the matter* stated in sub-paragraph {k)(li) below on reporting tinder clause tg) of Rule 11.

(c) The Company has no branch, and therefore reporting Under ibis Clause is not applicable.

(d) The standalone balance sheet, the > taiuks I one statement of profit a ad lois, other comprehensive income- the standalone statement of changes in equity and ihe standalone statement of cash flows dealt with by this Report are in agreement with the books of account.

(e) In our opinion, the aforesaid standalone Ind AS financial statements comply with the Ind AS specified under Section 133 ofihe Act, read with Rule 7 of the Companies (Accounts) Rules, 2014,

(f) In iiur opinion, there art no observations of comments on financial transactions or blatters which have any adverse effeci on ike functioning of the Company.

(g) On the busis oJ" the writing representations received from the directors as oli March 31, 2024 taker on record by (lie Board of Directors, none of (he directors is disqualified as on March 31, 2024 from being appointed as a director id ternts of Section 1-64 (21 of the Act

(h) ! he qualifications relating to the maintenance of accounts and other matted! connected there¹* ith are as stared in sub-paragraph! i. B) above on reporting under clause ib) ofs ah -section (3) ofsection 143 and sub-paragraph (10(h) below on reporting under clause

(g) of Rule 1 I.

(i) Wiih respect to the adequacy of ibe internal financial controls over financial reporting of the Company and the operating effectiveness of such controls, refer to our separate Report in “Annexure B.’¹ Our report expresses an unmodified opinion on the adequacy and operating effectiveness of the Company's internal financial conirols over financial reporting,

(j) Ju 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 ihe provisions of section 197 of the Act read with schedule V $Tthe act.

(k) W'¹ ish respecl to tli c other mat tens in be included in the Auditor's Report in accordance vv i i h Rule 11 oftheCompanies (Audit and Aiiditorsl Rules, 24)14, as amended eh our opinion and to ihe best of our information and according to (he explanations given to lis:

(a) The Company has disclosed the' impact of pending litigations on its financial position in its. standalone financial statements.

(b) The Company did not have any long-term contracts including derivative contracts; for which there were any maierial foreseeable losses,

(c) There has been no delay in transferring amounts. required to he transferred, to the Investor Education and Protection Fuad by the Company.

(d) The management has represented thaL. to the best of its knowledge and belief, us disclosed in the Note No. 5£< of the financial statements attached herewith, no funds have been advanced or loaned or invested feither from borrowed, funds or share premium or any other sources or kind of -funds) by die Company to or in any other j&rson/s or entity Los including foreign erHify.ies C’fntcrmcdiiuics'"), willi the understand mg, whether recoded in writing or otherwise, that Ihe Intermediaries shall, directly or indirectly tend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company f Ultimate Beneficiaries^ or provide any guarantee, security or the like on the behalf S’the Ultimate! Beneficiaries,

(c) The management Inis represented that, to the best of its knowledge and belief, as disclosed in the Note No. 3d of the finaneial statements attached herewith, no funds have been received bv the Company from any person 's or entity ics including foreign entity, ks (“Funding Rarty/ies"), with the understanding, whether recoded in writing or otherwise, that the Company shall, directly or indirectly lend or in vest in other persons or entities identified in any man tier whatsoever by Or on behalf of the Funding Party.-'ies ("Ultimate Beneficiaries") or provide any guarantee, security or the like on the behalf of the Ultimate Beneficiaries.

(f) B a sed on t he a i id its p rn cedi ires perforn led t h at h ave heeii con si dered re a so liable and ajiprop note in The d rci mist antes, n o t hi ng has come to our notice that has caused us lo believe that representations under sub-clauses 1 i) find (ii) of clause (e) of Rule I 1 contain any material misstatement.

(g) The final dividend paid by Lhc Company during ibe current finaneial year in respect ol'ilie same declared lor the previous financial year is in accordance with section 123 of the Act to Hie extern it applies to payment of dividend.

(h) The repotting under Rule 1 !(g) of the Companies (Audit and Auditors) Rules, 2014 is applicable from 1 April 2023. Based on our examination which included leU checks, except for the instances petitioned ai li) below. Hie Company has used accounting software for maintain its books of account, which have a feature of recording audit trail I edit log) facility and the same has operated throughout the year for id I relevant transactions recorded in respective software,

(i) The feature of recording audir trail (edit log) facility was not enabled at the database level to lug any direct data changes for (he accounting software used for maintain ihe books of accounts for the period April I, 2023 to April 3, 202 3

(j) Further, lor (he periods where audit trail (edit log) facility was enabled and operated ihroughom the year for accounting software, wife did not come across any instance of audit trail font tire being tempered yvilh.

For J C Ranputa (fc Co..

Chartered Accountants

m _D ÝÝ * FRN: 108647W

Place: Ra|kot

Date; 25.05.2024

Sd/-

KctiLti Y Slicih

Paitncr

Membership Nt\ IIK4I I UDIN; i4U341lBJZWRM56©