We have audited the accompanying standalone financial results ('the Statement') of DHRUVA
CAPITAL SERVICES LIMITED LTD ('the Company’) for the quarter and year ended 31st March, 2026,
being submitted by the Company pursuant to the Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015 as amended ('Listing Regulations ).
In our opinion and to the best of our information and according to the explanations given to us, the
Statement:
a. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations
in this regard; and
b. Gives a true and fair view in conformity with the recognition and measurement principles
laid down in the applicable accounting standards and other accounting principles generally accepted
in India of the net profit and other comprehensive income and other financial information of the
Company for the quarter and year ended March 31,2026.
Basis for Opinion
We conducted our audit of the Financial Statements in accordance with 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 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 financial statements under the provisions of the Act and Rules made
there under, and we have fulfilled our other ethical responsibilities in accordance with these
requirements and 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 Financial Statements.
Responsibilities of the Management for the Financial Statements
These quarterly financial results as well as the year-to-date financial results have been prepared on
the basis of the financial statements. The Company's Board of Directors is responsible for the
preparation of these financial results that give a true and fair view of the net profit and other
comprehensive income and other financial information in accordance with the Indian Accounting
Standards prescribed under Section 133 of the Act read with relevant rules issued there under and
other accounting principles generally accepted in India and in compliance with Regulation 33 of the
Listing Regulations. This responsibility also includes maintenance of the adequate accounting
records in accordance with the provisions of the Act for safeguarding 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.
In preparing the financial statements, the Board of Directors of the Company is responsible for
assessing the ability of the Company 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.
The Board of Directors of the Company is also responsible for overseeing the financial reporting
process of the Company.
Auditor's Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a
whole are free from material misstatement, whether due to fraud or error, ana 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 financial statements.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain
professional scepticism throughout the audit. We also:
• Identify and assess the risks of material misstatement of the 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 financial controls relevant to the audit in order to
design audit procedures that are appropriate in the circumstances, for the purpose of
expressing an opinion on effectiveness of the Company's internal financial 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 ability of the
Company 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
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 Group to cease to continue as a going
concern.
• Evaluate the overall presentation, structure and content of the financial statements,
including the disclosures, and whether the financial statements represent the underlying
transactions and events in a manner that achieves fair presentation.
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.
Other Matters
The Statement includes the results quarter ended March 31, 2026 and March 31, 2025 being the
balancing figure between the audited figures in respect of the full financial year ended March 31,
2026 and March 31, 2025 and the published unaudited year-to-date figures up to the third quarter
of the current financial year, which were subject to limited review, as required uuder the Listing
Regulations.
For V Jalan & Co.
©Chartered Accountants
FRN -320010E
\l\v-r ft
(CA. Vishal Jalan)
Partner
M. No.: 061503
UDIN: 26061503IYOFIK7881
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