We have audited the standalone financial statements of Centrum
Capital Limited (the 'Company'), which comprise the Balance
Sheet as at March 31, 2026, the Statement of Profit and Loss,
the Statement of Changes in Equity and the Statement of Cash
Flows for the year then ended, and notes to the standalone
financial statements, including a summary of material and other
accounting policies and other explanatory information.

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 its profit, changes in equity 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 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 (the 'ICAI')
together with the ethical requirements that are relevant to our
audit of the 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 Matters

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.

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 Board of Directors is responsible for the other
information. The other information comprises the information
included in the Board's Report including Annexures to Board's
Report, Management Discussion and Analysis, Business
Responsibility and Sustainability Report, Corporate Governance
Report and Shareholder's Information, but does not include the
standalone financial statements and our auditor's report thereon.

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
and, in doing so, consider whether the other information is

materially inconsistent with the standalone financial statements
or our knowledge obtained during the audit or otherwise appears
to be materially misstated.

If, based on the work we have 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 / Trustees and
Those Charged with Governance 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, changes

in equity and cash flows of the Company in accordance with
the accounting principles generally accepted in India, including
the Indian Accounting Standards 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
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 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 the Board of Directors either intends to
liquidate the Company or to cease operations, or has no realistic
alternative but to do so.

Those Board of Directors are 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 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
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; and

• Obtain sufficient appropriate audit evidence regarding the
financial statements of Trust of the Company to express
an opinion on the standalone financial statements. We are
responsible for the direction, supervision and performance
of the audit of the standalone financial statements of which
we are the independent auditors. For the Trust included
in the standalone financial statements, which have been
audited by other auditor, such other auditor remain
responsible for the direction, supervision and performance
of the audit carried by them. We remain solely responsible
for our audit opinion.

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.

Other Matter

We did not audit the financial statements of Trust included in the
standalone financial statements of the Company whose financial
statements reflect total assets of H 2,522.24 lakhs as at March
31, 2026, total revenue of H 81.38 lakhs and net cash in flows
of H 13.52 lakhs for the year ended on that date, as considered
in the standalone financial statements. The financial statements
of this Trust have been audited by other auditor whose reports
have been furnished to us, and our opinion in so far as it relates
to the amounts and disclosures included in respect of this Trust,
is based solely on the report of other auditor.

Our opinion is not modified in respect of the above matter.

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 Section 143(11) of the Act, we give in
the Annexure 'A' a Statement on the matters specified in
paragraphs 3 and 4 of the Order, to the extent applicable.

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 Standalone
Statement of Profit and Loss, the Standalone
Statement of Changes in Equity and the Standalone
Statement of 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
Standards specified under Section 133 of the Act;

(e) On the basis of the written representations received
from the directors as on March 31, 2026 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 over financial reporting of the Company 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 Section
197(16) of the Act, in our opinion and according to
the information and explanations given to us, the
remuneration paid by the Company to its directors
during the current year is in accordance with the
provisions of Section 197 of the Act; 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, in
our opinion and to the best of our information and
according to the explanations given to us:

(i) The Company has no pending litigations on
its financial position in its standalone financial
statements - (Refer Note 33 to the standalone
financial statements);

(ii) The the Company did not have any long-term
contracts including derivative contracts for
which there were any material foreseeable
losses (Refer Note 17 to the standalone financial
statements);

(iii) There has been no delay in transferring
amounts,required to be transferred, to the
Investor Education and Protection Fund by the
Company;

(iv) (a) The management of the Company

has represented that, to the best of its
knowledge and belief, other than 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 person or entity, 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 of the Ultimate Beneficiaries;

(b) The management of the Company
has represented, that, to the best of
its knowledge and belief, other than as
disclosed in the notes to the standalone
financial statements, during the year, no
funds have been received by the Company
from any person or entity, 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 (the 'Ultimate Beneficiaries')
or provide any guarantee, security or the
like on behalf of the Ultimate Beneficiaries;
and

(c) Based on such audit procedures, we have
considered reasonable and appropriate in
the circumstances that nothing has come
to our notice that has caused us to believe
that the representations under paragraph
(a) and (b) above, contain any material
misstatement:

(v) The Company neither declared nor paid dividend

during the year. Accordingly, the Company is
not required to comply with Section 123 of the
Act; and

(vi) Based on our examination which included test
checks, except for the instance mentioned below,
the Company has used accounting software for

maintaining its books of account, which have 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:

The feature of recording audit trail (edit log)
covers all data changes initiated by users of the
software systems. However, the audit trail log
does not cover for changes to source code of the
accounting software used for maintaining books
of account, except in case of payroll processing
software. Hence, we are unable to verify the
audit trail for payroll processing software.

Further, the audit trail (edit log) facility was
enabled and operated throughout the year for
the respective 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.

SHARP & TANNAN

Chartered Accountants
Firm's Registration No. 109982W
by the hand of

Edwin Paul Augustine

Partner

Membership No. 043385
Mumbai, May 21, 2026 UDIN: 26043385XKDCYC6304