We have audited the standalone financial statements of
Artemis Medicare Services Limited ("the Company"), which
comprise the Standalone Balance Sheet as at March 31, 2026,
the Standalone Statement of Profit and Loss (including other
comprehensive income), the Standalone Statement of Changes
in Equity and Standalone Statement of Cash Flows for the year
then ended, and notes to the standalone financial statements,
including a summary of the significant accounting policies
and other explanatory information (hereinafter referred to as
"Standalone 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 ("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, and profit (including other
comprehensive income), changes in equity and its cash flows
for the year ended on that date.

Basis of Opinion

We conducted our audit of the Standalone Financial Statements
in accordance with the Standards on Auditing ("SA") specified
under Section 143(10) of the Companies Act, 2013, as amended
("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 ICAI's Code of Ethics. We
believe that the audit evidence obtained by us is sufficient
and appropriate to provide a basis for our audit opinion on the
Standalone Financial Statements.

Key Audit Matters

Key audit matters ('KAM') 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. We have determined the matters described below
to be the key audit matters to be communicated in our report.

Information Other than the Standalone Financial Statements
and Auditor's Report Thereon

The Company's Management and Board of Directors are
responsible for the other information. The other information
comprises the information included in the Company's
annual report but does not include the Standalone Financial
Statements and our auditor's report thereon. The aforesaid
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 do 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 during the course of our audit or otherwise
appears to be materially misstated.

When we read the Company's annual report and if we conclude
that there is a material misstatement therein, we are required
to communicate the matter to those charged with governance
and shall take appropriate actions, if required.

If, based on the work performed, we conclude that there is
a material misstatement of this other information, we are
required to report that fact. We have nothing to report in this
regard.

Responsibilities of Management and Board of Directors for
the Standalone Financial Statements

The Company's Board of Directors is 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 accounting principles generally accepted
in India, including the Indian Accounting Standards (Ind AS)
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
judgements 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
Standalone Financial Statements that give a true and fair view
and are free from material misstatement, whether due to fraud
or error.

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 management either intends to liquidate the
Company or to cease operations or has no realistic alternative
but to do so.

Those Board of Directors are responsible for overseeing the
Company's financial reporting process.

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

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 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 Standalone 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 Annual 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 an adequate internal
financial controls system with reference to the Standalone
Financial statement 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 the Management and Board
of Directors.

• Conclude on the appropriateness of Management and 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 appropriateness of
this assumption. If we conclude that 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.

• Evaluate the overall presentation, structure and content of
the Annual Standalone Financial Statements, including the
disclosures, and whether the Annual Standalone Financial
Statements represent the underlying transactions and
events in a manner that achieves fair presentation.

Materiality is the magnitude of misstatements in the
Standalone Financial Statements that, individually or in the
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.

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 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

1. A. As required by Section 143(3) of the Act, based on our
report, 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 except for the matters stated in paragraph
1(B)(f) below on reporting under rule 11(g) of the
Companies (Audit and Auditors) Rules, 2014 (as
amended) ("the Rules");

(c) The Standalone Balance Sheet, the Standalone
Statement of Profit and Loss (including other
comprehensive income), the Standalone
Statement of Changes in Equity and the Standalone
Statement of Cash Flow dealt with by this report
are in agreement with the books of account;

(d) In our opinion, the aforesaid Standalone Financial
Statements comply with the Ind AS specified under
Section 133 of the Act, read with Rule 7 of the
Companies (Accounts) Rules, 2014;

(e) Based on the written representations received
from the directors as of March 31, 2026, taken
on record by the Board of Directors, none of the
directors is disqualified as of March 31, 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 with
reference to Standalone Financial Statements of the
Company and the operating effectiveness of such
controls, refer to our separate Report in "Annexure
A". Our report expresses an unmodified opinion
on the adequacy and operating effectiveness of
the Company's internal financial controls over
financial reporting;

B. 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:

(a) The Company has disclosed the impact of pending
litigations as of March 31, 2026, on its financial
position in its Standalone Financial Statements.
Refer to note 40 to the Standalone Financial
Statements;

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

(c) There were no amounts, during the year, which
were required to be transferred to the Investor
Education and Protection Fund by the Company;

(d) (i) The Management has represented that, to the

best of its knowledge and belief, as disclosed
in note 45 to the Standalone Financial
Statements, no funds (which are material
either individually or in the aggregate) 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 entity ("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 ("Ultimate Beneficiaries") or provide
any guarantee, security or the like on behalf of
the Ultimate Beneficiaries;

(ii) The management has represented that, to the

best of it's knowledge and belief, as disclosed
in the Note 45 to the standalone financial
statements, no funds (which are material either
individually or in the aggregate) have been
received by the Company from any person(s)
or entity(ies), including foreign entities
("Funding Parties"), with the understanding,
whether recorded in writing or otherwise, that
the Company shall directly or indirectly, lend
or invest in other persons or entities identified
in any manner whatsoever by or on behalf of
the Funding Parties ("Ultimate Beneficiaries")
or provide any guarantee, security or the like
on behalf of the Ultimate Beneficiaries.

(iii) Based on the audit procedures that have been
considered reasonable and appropriate in
the circumstances, nothing has come to our
notice that has caused us to believe that the
representations under sub-clause (i) and (ii) of
Rule 11(e), as provided under (i) and (ii) above,
contain any material misstatement.

(e) The final dividend paid by the Company during
the year in respect of the same declared for the
previous year is in accordance with section 123 of
the Act to the extent it applies to the payment of
dividends.

As stated in note 10 (l) to the standalone financial
statements, the Board of Directors of the Company
have proposed final dividend for the year which
is subject to the approval of the members at the

ensuing Annual General Meeting. The dividend
declared is in accordance with section 123 of the
Act to the extent it applies to the declaration of
dividend.

(f) Based on our examination which included test
checks, except for the instances mentioned below
and as explained in note 45 (xiii) of the standalone
financial statements, 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 respective software except the
feature of the recording audit trail (edit log) facility
at the database level to log any direct data changes
for the accounting software used for maintaining
the books of accounts cannot be commented upon,
as the SOC Type 2 report could not be obtained
for HIS and the report of SAP does not specifically
cover any controls related to the audit trail.

For accounting software for which audit trail
feature is enabled, the audit trail facility has been
operating throughout the year for all relevant
transactions recorded in the software and we did
not come across any instance of audit trail feature
being tampered with during the course of our
audit.

As a proviso to Rule 3(1) of the Companies
(Accounts) Rules, 2014, the audit trail has been
preserved by the company as per the statutory
requirements for record retention.

C. 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 according to the information and 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.

2. As required by the Companies (Auditors' Report) Order,
2020 ("the Order") issued by the Central Government
of India in terms of Section 143(11) of the Act, we give
in "Annexure B" a statement on the matters specified in
paragraphs 3 and 4 of the Order, to the extent applicable.

For T R Chadha & Co LLP

Chartered Accountants
(Firm Registration No.: 006711N/ N500028)

Place of Signature: Noida Neena Goel

Dated: May 08, 2026 Partner

UDIN: 26057986URBMXH9452 Membership No. 057986