We have audited the accompanying Standalone Financial
Statements of CEINSYS TECH LIMITED ("the Company”),
which comprise the Standalone Balance sheet as at March
31, 2026, the Statement of Standalone Profit and Loss
(including Other Comprehensive Income), the Statement
of Standalone Changes in Equity and the Statement
of Standalone Cash Flows for the year then ended, and
notes to the Standalone Financial Statements, including
a summary of material accounting policies and other
explanatory information (hereinafter referred to as "the
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 Indian Accounting Standards
prescribed under section 133 of the Act read with the
Companies (Indian Accounting Standards) Rules, 2015,
as amended, ("Ind AS”) and other accounting principles
generally accepted in India, of the state of affairs of the
Company as at March 31, 2026 and its Profit including
Other Comprehensive Income, Statement of Changes in
Equity and its Cash Flows for the year ended on that date.

Basis for Opinion

We conducted our audit of the Standalone Financial
Statements in accordance with the Standards on
Auditing ("SAs”) 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 ICAI's Code of Ethics. We believe
that the audit evidence we have obtained is sufficient
and appropriate to provide a basis for our opinion on the
Standalone Financial Statements.

Key Audit Matters (KAM)

Key audit matters are those matters that, in our professional
judgment, were of most significance in our audit of the
Standalone Financial Statements for the year ended March
31, 2026. 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. For the
matter below, our description of how our audit addressed
the matter is provided in that context.

We have determined the matter described below to be
the key audit matter to be communicated in our report.
We have fulfilled the responsibilities described in the
Auditors' responsibilities for the audit of the Standalone
Financial Statements section of our report, including in
relation to that matter. Accordingly, our audit included
the performance of procedures designed to respond to
our assessment of the risks of material misstatement of
the Standalone Financial Statements. The results of our
audit procedures, including the procedures performed
to address the matter below, provide the basis for our
audit opinion on the accompanying Standalone Financial
Statements.

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

The Company's Board of Directors is responsible for the
other information. The other information comprises the
management discussion & analysis and director's report
included in the annual report but does not include the
Standalone Financial Statements and our auditor's report
thereon. The above information 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 in the audit or otherwise appears
to be materially misstated.

When we read the above other information, if we conclude
that there is material misstatement therein, we are
required to communicate the matter to those charged with
governance.

Management Responsibility 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 of these Standalone Financial Statements
that give a true and fair view of the Financial Position,
Financial Performance including Other Comprehensive
Income, Cash Flows and the Statement of Changes in
Equity of the Company in accordance with the accounting

principles generally accepted in India, including Indian
Accounting Standards ('Ind AS') prescribed under Section
133 of the Act read with relevant Rules issued thereunder.

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
fair 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,
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.

Those 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

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 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 controls 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 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 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 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.

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
may be influenced.

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. As required by the Companies (Auditor's Report) Order,
2020 ("the Order”), issued by the Central Government
of India in terms of sub-section (11) of section 143 of
the Act, we give in the "Annexure A” a statement on the
matters specified in paragraphs 3 and 4 of the Order.

2. 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 it
appears from our examination of those books.

c. The Standalone Balance Sheet, the Statement
of Standalone Profit and Loss (Including Other
Comprehensive Income), the Statement of
Standalone Changes in Equity and the Statement
of Standalone Cash Flows 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 Indian Accounting
Standard specified under Section 133 of the Act,
read with the Companies (Indian Accounting
Standards) Rules, 2015.

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 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 with reference to Standalone
Financial Statements and the operating
effectiveness of such controls, refer to our
separate Report in “Annexure B".

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 / provided by the Company to
its directors during the year is in accordance with
the provisions of section 197 read with Schedule
V of the Act.

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 and as represented by
the management:

i. The Company does not have any pending
litigations which would impact on its financial
position.

ii. The Company has made provisions, as
required under the applicable law or
Indian Accounting Standards, for material
foreseeable losses, as applicable, on long
term contracts;

iii. There were no amounts which were required
to be transferred to the Investor Education
and Protection Fund by the Company.

iv. (a) Management has represented to us

that, to the best of its knowledge and
belief, as disclosed in the notes to
the Standalone Financial Statements,
during the year 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
persons or entities, 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
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;

(b) Management has represented to us that,
to the best of its knowledge and belief, as
disclosed in the notes to the Standalone
Financial Statements, during the year no
funds 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,
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

(c) Based on our audit procedure conducted that
have been considered reasonable and
appropriate in the circumstances, nothing
has come to our attention that cause us to
believe that the representation given by the
management under paragraph (2) (h) (iv) (a)
& (b) contain any material misstatement.

v. Dividend paid during the year by the
Company is in compliance of section 123 of
the Act.

vi. Based on our examination which included
test checks, the Company has used
accounting software for maintaining its
books of account for the year ended March
31, 2026 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 at the
application level, further audit trail records
at the database level are not available to
verify changes directly made to the database
in accounting software SAP for the year
ended March 31, 2026. Further, during the
course of our audit where audit trail (edit
log) facility was enabled and operated for
the accounting software, we did not come
across any instance of the audit trail feature
being tampered with and the audit trail has
been preserved by the Company as per the
statutory requirements for record retention.

For CHATURVEDI & SHAH LLP

Chartered Accountants
Firm Reg. No. 101720W / W100355

Rupesh Shah

Partner

Mumbai Membership No. 117964

Date: May 14, 2026 UDIN No. 26117964CSMUQR8165