We have audited the accompanying standalone
financial statements of Digitide Solutions Limited (the
"Company"), which comprise the Balance Sheet as at
31 March 2025, and the Statement of Profit and Loss
(including Other Comprehensive Income), the
Statement of Cash Flows and the Statement of
Changes in Equity for the period 10 February 2024
(‘Date of Incorporation') to 31 March 2025 (‘Financial
year’) and notes to the financial statements, including a
summary of material 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 Indian Accounting
Standards prescribed under section 133 of the Act,
("Ind AS") and other accounting principles generally
accepted in India, of the state of affairs of the
Company as at 31 March 2025, and its profit, total
comprehensive Income, its cash flows and the
changes in equity for the financial year ended 31
March 2025.

Basis for Opinion

We conducted our audit of the standalone financial
statements in accordance with the Standards on
Auditing ("SA"s) specified under section 143(10) of the
Act. Our responsibilities under those Standards are
further described in the Auditor’s Responsibility 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 made 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

Emphasis of Matter

We draw attention to Note 40 to the standalone
financial statements in respect of Composite Scheme
Arrangement amongst Digitide Solutions Limited
("Resultant Company 1" /‘‘the Company"). Bluspring
Enterprises Limited ("Resultant Company 2"),and
Ouess Corp Limited ("Demerged Company") and their
respective shareholders and creditors ("the Scheme"),
from the appointed date of 1 April 2024. as approved
by the Hon’ble National Company Law Tribunal.
Bengaluru Bench by an Order dated 17 March 2025.
Consequently, upon the Scheme becoming effective,
the standalone financial statements have been
prepared after giving effect to the aforesaid
acquisition of the Transferred Businesses 1 from the
date of incorporation of the Company (i.e. 10 February
2024).

Our opinion is not modified in respect of this matter.
Key Audit Matter

Key audit matter is a matter that, in our professional
judgment, was of most significance in our audit of the
standalone financial statements of the current period.
This matter was 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 this matter. We have determined
the matters described below to be the key audit
matter to be communicated in our report.

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

• The Company's Board of Directors is responsible
for the other information. The other information
comprises the Board’s Report, Annexures to the
Board’s Report. Management discussion and
analysis, and Report on Corporate Governance but
does not include the consolidated financial
statements, standalone financial statements and
our auditor's report thereon. These are 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 will 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
course of our audit or otherwise appears to be
materially misstated.

• When we read the Board's Report, Annexures to
the Board's Report, Management discussion and
analysis, and Report on Corporate Governance, if
we conclude that there is a material misstatement
therein, we are required to communicate the
matter to those charged with governance as
required under SA 720 'The Auditor's
responsibilities Relating to Other Information'.

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 changes
in equity of the Company In accordance with the
accounting principles generally accepted in India,
including 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 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 standalone financial statements,
management and Board of Directors are 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 intend to liquidate the Company or to cease
operations, or has no realistic alternative but to do so.

The Company's Board of Directors is also responsible
for overseeing the Company’s financial reporting
process.

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 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 internal
financial controls with reference to standalone
financial statements 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.

• 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
standalone financial statements that, individually or in
aggregate, makes it probable that the economic
decisions of a reasonably knowledgeable user of the
standalone 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 standalone 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
financial controls 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 the matter that were
of most significance in the audit of the standalone
financial statements of the current period and are
therefore the key audit matter. We describe this matter
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

The standalone financial statements Include the
financial information of the Transferred Businesses 1 of
Quess Corp Limited (Refer note 40 of the standalone
financial statements) for the period 10 February 2024
to 31 March 2024. This financial information of the
Transferred Businesses 1 for the period 10 February
2024 to 31 March 2024 has been extracted by the
Management from the financial information of Quess
Corp Limited for the financial year ended 31 March
2024, which were audited by us.

On opinion on standalone financial statements is not
modified in respect of above matter.

Report on Other Legal and Regulatory Requirements

1. As required by Section 143(3) of the Act, based on
our audit 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, except for (a) not keeping backup on
a daily basis of one application maintained in
electronic mode in a server physically located in India
(Refer Note 46 to the standalone financial statements)
and (b) not complying with the requirements of audit
trail as stated in (i)(vi) below, 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 Balance Sheet, the Statement of Profit and Loss
(including Other Comprehensive Income), the
Statement of Cash Flows and Statement of Changes in
equity 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.

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

f) The observations relating to the maintenance of
accounts and other matters connected therewith, are
as stated in paragraph (b) above.

g) With respect to the adequacy of the internal
financial controls 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 with reference to standalone financial
statements.

h) 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 by the Company to its
directors during the financial year is in accordance
with the provisions of Section 197 of the Act.

I) 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:

i. The Company has disclosed the impact of pending
litigations on its financial position in its standalone
financial statements - Refer Note 35 to the
standalone financial statements;

ii. The Company did not have any long-term
contracts including derivative contracts for which
there were any material foreseeable losses.

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

iv. (a) The Management has represented that, to the
best of its knowledge and belief, as disclosed in the
note 44 to the standalone financial statements 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, 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) The Management has represented, that, to the
best of its knowledge and belief, as disclosed in the
note 45 to the financial statements, no funds have
been received by the Company from any persons or
entities, 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 Party (“Ultimate Beneficiaries") or
provide any guarantee, security or the like on behalf
of the Ultimate Beneficiaries.

(c) Based on the audit procedures performed 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 (a) and (b) above, contain any
material misstatement.

v. The Company has not declared or paid any
dividend during the financial year and has not
proposed final dividend for the financial year.

vi. Based on our examination, which included test
checks, the Company has used accounting software
systems for maintaining its books of account for the
financial year ended 31 March, 2025 which have the
feature of recording audit trail (edit log) facility and the
same has operated throughout the financial year for all
relevant transactions recorded in the software
systems, except for the Instances noted below (Refer
note 47 to the standalone financial statements):

• In respect of one accounting software, audit trail
feature was not enabled at certain tables and
database level to log any direct data changes.

• In respect of another accounting software, for
maintaining the books of account in respect of
revenue processes, audit trail feature was not
enabled.

• The Company has used two other accounting
softwares, which is operated by a third-party
software provider, for maintaining the books of
account in respect of financial reporting and payroll
processes. In the absence of coverage of audit trail
requirement at the database level in the System
and Organisation Controls (SOC 1) Type 2 Report,
we are unable to comment whether audit trail
feature of the said softwares was enabled at the
database level and operated throughout the
financial year for all relevant transactions recorded
in the softwares.

Further, during the course of audit, we did not come
across any instance of the audit trail feature being
tampered with us. in respect of said accounting
software for the period for which the audit trail feature
was enabled and operating.

Additionally, reporting under Rule11(g) of the
Companies (Audit and Auditors) Rules 2014, relating to
the preservation of audit trail as per statutory record
retention requirement, is not applicable, as these are
the first financial statements of the Company.

2. As required by the Companies (Auditor’s Report)
Order, 2020 ("the Order") issued by the Central
Government 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.

For DELOITTE HASKINS & SELLS
Chartered Accountants
(Firm’s Registration No.008072S)

Gurvinder Singh
Partner

Place: Bengaluru Membership No. 110128

Date: 26 June 2025 UDIN: 25110128BMHZVH5446