1. We have audited the accompanying
standalone financial statements of Affle 3i
Limited (formerly known as Affle (India)
Limited) (‘the Company'), which comprise the
Standalone Balance Sheet as at 31 March 2026,
the Standalone Statement of Profit and Loss
(including Other Comprehensive Income), the
Standalone Statement of Cash Flow and the
Standalone Statement of Changes in Equity
for the year then ended, and notes to the
standalone financial statements, including
material accounting policy information 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 Indian Accounting
Standards (‘Ind AS') specified under section
133 of the Act read with the Companies (Indian
Accounting Standards) Rules, 2015 and other
accounting principles generally accepted in
India, of the state of affairs of the Company
as at 31 March 2026, and its profit (including
other comprehensive income), its cash
flows and the changes in equity 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 Act. 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
Accountants of India (‘ICAI') 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
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 Matter

4. 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.

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

Information other than the Standalone
Financial Statements and Auditor's Report
thereon

6. The Company's Board of Directors are
responsible for the other information. The
other information comprises the information
included in the Annual Report, but does not
include the standalone financial statements
and our auditor's report thereon. The Annual
Report is expected to be made available to us
after the date of this auditor's report.

Our opinion on the standalone financial
statements does not cover the other
information and we will 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 identified above
when it becomes available and, in doing so,
consider whether the other information is
materially inconsistent with the standalone
financial statements or our knowledge
obtained in the audit or otherwise appears to
be materially misstated.

When we read the Annual Report, if we
conclude that there is a material misstatement
therein, we are required to communicate the
matter to those charged with governance.

Responsibilities of Management and
Those Charged with Governance for the
Standalone Financial Statements

7. The accompanying standalone financial
statements have been approved by the
Company's Board of Directors. The Company's
Board of Directors are responsible for the
matters stated in section 134(5) of the Act with
respect to the preparation and presentation
of these standalone financial statements
that give a true and fair view of the financial
position, financial performance including
other comprehensive income, changes in
equity and cash flows of the Company in
accordance with the Ind AS specified under
section 133 of the Act and other accounting
principles generally accepted in India. 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
statements that give a true and fair view and
are free from material misstatement, whether
due to fraud or error.

8. In preparing the standalone financial
statements, the Board of Directors 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 the Board of Directors
either intends to liquidate the Company
or to cease operations, or has no realistic
alternative but to do so.

9. The Board of Directors is also responsible
for overseeing the Company's financial
reporting process.

Auditor's Responsibilities for the Audit of
the Standalone Financial Statements

10. 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
a high level of assurance, but is not a guarantee
that an audit conducted in accordance with
Standards on Auditing 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 standalone
financial statements.

11. As part of an audit in accordance with Standards
on Auditing, specified under section 143(10) of
the Act we exercise professionaljudgment and
maintain professional skepticism 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 Act we are also
responsible for expressing our opinion
on whether the Company has adequate
internal financial controls with reference
to financial statements in place and the
operating effectiveness of such controls;

• Eva luatetheappropriatenessof accounting
policies used and the reasonableness
of accounting estimates and related
disclosures made by management;

• Conclude on the appropriateness of Board
of Directors' 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 standalone
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; and

• Evaluate the overall presentation, structure
and content of the standalone financial
statements, including the disclosures,

and whether the standalone financial
statements represent the underlying
transactions and events in a manner that
achieves fair presentation.

12. 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.

13. 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.

14. 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

15. As required by section 197(16) of the Act, based
on our audit, we report that the Company has
paid remuneration to its directors during the
year in accordance with the provisions of and
limits laid down under section 197 read with
Schedule V to the Act.

16. As required by the Companies (Auditor's
Report) Order, 2020 (‘the Order') issued by
the Central Government of India in terms
of section 143(11) of the Act we give in the
Annexure I a statement on the matters
specified in paragraphs 3 and 4 of the Order,
to the extent applicable.

17. Further to our comments in Annexure I,

as required by section 143(3) of the Act

based on our audit, we report, to the extent

applicable, 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 purpose of our
audit of the accompanying standalone
financial statements;

b) Except for the matters stated in paragraph
17(h)(vi) below on reporting under Rule 11(g)
of the Companies (Audit and Auditors) Rules,
2014 (as amended), 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 standalone financial 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 Ind AS
specified under section 133 of the Act;

e) On the basis of the written representations
received from the directors and 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) The reservation relating to the
maintenance of accounts and other
matters connected therewith are as stated
in paragraph 17(b) above on reporting
under section 143(3)(b) of the Act and
paragraph 17(h)(vi) below on reporting
under Rule 11(g) of the Companies (Audit
and Auditors) Rules, 2014 (as amended);

g) With respect to the adequacy of the
internal financial controls with reference
to financial statements of the Company
as on 31 March 2026 and the operating
effectiveness of such controls, refer
to our separate report in Annexure II
wherein we have expressed an
unmodified opinion; and

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) 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, as detailed in note
31 (b) to the standalone financial
statements, has disclosed the impact
of pending litigations on its financial
position as at 31 March 2026;

ii. The Company did not have any long¬
term contracts including derivative
contracts for which there were
any material foreseeable losses as
at 31 March 2026;

iii. There were no amounts which were
required to be transferred to the
Investor Education and Protection
Fund by the Company during the year
ended 31 March 2026;

iv. a. The management has

represented that, to the best
of its knowledge and belief, as
disclosed in note 41 (v) to the
standalone financial statements,
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 person(s)
or entity(ies), 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, as disclosed in note
41 (vi) to the standalone financial
statements, no funds have
been received by the Company
from any person(s) or entity(ies),
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 (a) and (b) above contain
any material misstatement.

v. The Company has not declared or
paid any dividend during the year
ended 31 March 2026.

vi. As stated in Note 43 to the standalone
financial statements and based on
our examination which included test
checks, the Company, in respect of
the financial years commencing on
1 April 2025, has used an accounting
software which is operated by a third-
party software service provider for
maintaining its books of account

which has a feature of recording audit
trail facility and the same has been
operated throughout the year for all
relevant transactions recorded in the
software at the application level. In
absence of an ‘Independent Service
Auditor’s Assurance Report on the
Description of Controls, their Design
and Operating Effectiveness’ (‘Type 2
report’ issued in accordance with SAE
3402, Assurance Reports on Controls
at a Service Organization), we are
unable to comment on whether audit
trail feature of the said software was
enabled and operated throughout
the year for all relevant transactions
or whether there were any instances
of audit trail feature being tampered
with at the database level. The audit
trail has been preserved at the
application level by the Company
as per the statutory requirements
for record retention. Further, due to
absence of the Type 2 report, we are
unable to comment on preservation
of audit trail at the database level.

For Walker Chandiok & Co LLP

Chartered Accountants
Firm’s Registration No.: 001076N/N500013

Ashish Gupta
Partner

Membership No.: 504662
UDIN: 26504662ORFCQE3304
Place: Gurugram
Date: 09 May 2026