Classic Filaments Limited,

Opinion

We have audited the standalone financial statements of Classic Filaments Limited (“the Company”), which comprise the balance sheet as at 31st March 2025, and the statement of Profit and Loss, (statement of changes in equity) and statement of cash flows for the year then

policies and other explanatory information.

In our opinion and to the best of our information and according to the explanations given to

principles generally accepted in India, of the state of affairs of the Company as at March 31,

2025, and profit, (changes in equity) and its cash flows for the year ended on that date.

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements

Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 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

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context 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.

Emphasis of Matter

We draw attention to show-cause notice u/s 263 of the Income Tax Act, 1961 for F.Y. 201819, which describes the ongoing assessment by the management regarding the income tax notice received by the company for alleged bogus purchases in the prior year. As stated in the

opinion is not modified in respect of this matter.

Management’s Responsibility for the Standalone Financial Statements

The Company’s Board of Directors is responsible for the matters stated in section 134(5) of the Companies Act, 2013 (‘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 accounting Standards specified under section 133 of the AcL Ibis responsibility also includes maintenance of adequate accounting records in accordance provisions of the Act for safeguarding of the assets of the Company and for preventing detecting frauds and other irregularities; selection and application of appropriate implerMptafiSN W and maintenance of accounting policies; making judgments and estimates that are reas^ahroj^w/ L and prudent; and design, implementation and maintenance of adequate internal f^ancMX^W controls, that

were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statement that give a true and fair view

In preparing the Ind AS financial statements, management is responsible for assessing the Company’s using the going concern basis of accounting unless management either intends to liquidate the

The Board of Directors are also responsible for overseeing the company’s financial reporting process.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole

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

the aggregate, they could reasonably be expected to influence the economic decisions of users taken

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

• Obtain an understanding of internal financial 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 financial controls

• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting because the adverse consequences of doing so would be reasonably be expected to outweigh the public

1. As required by required by the Companies (Auditor’s Report) Order, 2020 (“the Order”) issued by 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 paragraph 3 6s 4 of the Order.

2. As required by section 143(3) of the Act, we further 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 purpose of our Audit;

(b) Except for the possible effects of the matter described in the paragraph (h) below on reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014, in our

(d) In our opinion, the aforesaid financial statements comply with the applicable Accounting Standards specified under Section 133 of the Act, read with relevant rules thereunder as

(e) On the basis of written representation received from the directors as on March 31, 2025 and taken on record by the Board of Directors, none of the directors is disqualified as on March 31, 2025 from being appointed as the directors in terms of Section 164(2) of the Act;

(f) With respect to the adequacy of the internal financial control over financial reporting of the Company and the operating effectiveness of such controls, refer to our separate report in

(g) According to information and explanations given to us and based on our examination of the records of the Company, the Company had not paid/provided managerial

the Company has used accounting software for maintaining its books of accounts,

(i) In our opinion and to the best of our information and according to the explanations given to us, we report as under with respect to other matters to be included in the Auditor’s

1. The Company has disclosed the impact of pending litigations on its financial position

2. The company did not have any long-term contracts including derivative contracts; as

transfer any sums to the Investor Education & Protection Fund. The question of delay in transferring such sums does not arise.

compliance of section 123 of the Act is not applicable on such audit procedures as 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