We have audited the accompanying financial statements of 11) INFO BUSINESS SERVICES
LIMITED, which comprise the Balance Sheet as at March 31, 2024. the Statement of Profit and
Loss for the year then ended, Cash Flow Statements and a summary of significant accounting
policies and other explanatory information.

2) Management responsibility for the financial statement

The Company's Board of Directors is responsible for the matters stated in Section 134 (5) ol 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 and cash
flows of the Company in accordance with the accounting principles generally accepted in India,
including the Accounting Standards specified under Section 133 ot the Act, read with Rule ot the
Companies (Accounts) Rules. 2014, as prescribed by the Institute of Chartered Accountants of
India and other accounting principles generally accepted in India. This responsibility also includes
maintenance ol' 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
i 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 misstatements,
whether due to fraud or error.

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3) Auditors responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We
have taken into account the provisions of the Act, the accounting and auditing standards and
matters which are required to be included in the audit report under the provisions of the Act and
the Rules made thereunder.

i;

We conducted our audit in accordance with the Standards on Auditing under Section 143 (10) of
the Act. Those Standards require that we comply with ethical requirements and plan and perform
the audit to obtain reasonable assurance about whether the financial statements are free from
material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the financial statements. The procedures selected depend on the auditor’s judgment,
including the assessment of the risks of material misstatement of the financial statements, whether
due to fraud or error. In making those risk assessments, the auditor considers internal control
relevant to the Company's preparation and fair presentation of the financial statements in order to
design audit procedures that are appropriate in the circumstances, but not for the purpose of
expressing an opinion on the effectiveness of the Company's internal control. An audit also
includes evaluating the appropriateness of accounting policies used and the reasonableness of the

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accounting estimates made by management, as well as evaluating the overall presentation of the
financial statements. We believe that the audit evidence we have obtained is sufficient and
appropriate to provide a basis for our audit opinion.

4) Opinion

In our opinion and to the best of our information and according to the explanations given to us. the
said accounts read together with the Notes from 1-13, annexed thereon gives the information
required by the Act. in the manner so required and give a true and fair view in conformity w ith the
accounting principles generally accepted in India

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a) In case of the Balance Sheet, of the state of the Company's affairs as at 3 l^il March 2024

b) In case of the Statement of Profit & Loss Account, of the profit for the year ended on that
date, and

c) Its cash flows for the year ended on that date

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5) Report on other legal and regulators requirements

As required by the Companies (Auditors' Report) Order, 2004, issued by the Central Government
in terms of sub section (4A) of Section 227 of the Companies Act, 1956, we enclose in the
Annexure a statement on the matters specified in paragraphs 4 and 5 of the said order

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6) Further to our comments in the above Para on the basis of our audit, we report that:

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a. We have obtained all the information and explanations, which to the best of our
knowledge and belief were necessary for the purpose of our audit:

b. In our opinion, the company has kept proper books of account as required by law so far
as appears from our examination of the books of account;

c. The Balance Sheet and Profit and Loss Account dealt with this report are in agreement
with the books of Accounts;

d) In our opinion, the aforesaid financial statements comply with the Accounting Standards

specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts)
Rules. 2014. ¹

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e) On the basis of written representations received from the directors as on 3 P^l March.
2024, taken on record by the Board of Directors, none of the directors is disqualified as
on 31 March, 2024. from being appointed as a director in terms of Section 164(2) of the
Act.

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f) 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
Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014:

i. The Company does not have any pending litigations which would impact its financial
position ¹

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

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

Ý

For M/s. D G M S & Co.

Chartered Accountants

(of

^fv ^__^lt//— IU-|FSN: 112187WJ#jj

(Atul Doshi)

Partner
M.No. 102585
FRN:112187W

UDIN : 24102585BJZYER3221

Place: Mumbai .

Dated: 09/05/2024

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