We have audited the accompanying standalone IND AS financial statements of MKP Mobility Limited
(formerly known as Chitradurga Spintex Limited) (“the Company”), which comprise the Balance Sheet
as at March 31, 2026, the Statement of Profit and Loss, including the statement of Other
Comprehensive Income, the Cash Flow Statement and the Statement of Changes in Equity for the year
then ended, and 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
standalone financial statements give the information required by the Companies Act 2013,as
amended(“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, its profit including other comprehensive income, its cash flows and the changes in equity for
the year ended on that date.
Basis for Opinion
We have conducted our audit of the standalone financial statements in accordance with the Standards
on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (‘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 (ICAI)
together with the independence 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 Code of Ethics. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit
opinion on the standalone financial statements.
Key Audit Matters
Key Audit matters are those matters that, in our professional judgement, were of most significance in
our audit of Standalone Financial Statements of current period. As per our judgement, there are no Key
Audit Matters that need to be reported under SA 701.
Information other than the Standalone Financial Statements and Auditors’ Report thereon
The Company’s Board of Directors is responsible for the other information. The other information
comprises the information included in the Annual Report, but does not include the Standalone Financial
Statements and our Auditors’ 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 such other information is materially inconsistent
with the Standalone Financial Statements or our knowledge obtained in 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.
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 IND AS 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
accounting principles generally accepted in India, including the Indian Accounting Standards (IND AS)
specified under section 133 of the Act., read with Rule 7 of the Companies (Accounts) Rules, 2014 and
the Companies (Indian Accounting Standards) Rules, 2015, as amended. 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 the design, implementation and maintenance of
adequate internal financial control 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.
Auditor’s Responsibility
Our responsibility is to express an opinion on these standalone financial statements based on our audit.
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. We have taken into
account the provisions of the Companies Act 2013, 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.
We conducted our audit of the Standalone IND AS financial statements in accordance with the
Standards on Auditing, issued by the Institute of Chartered Accountants of India, as specified 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 standalone financial
statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the standalone financial statements. The procedures selected depend on the auditor’s judgment,
including the assessment of the risks of material misstatement of the standalone financial statements,
whether due to fraud or error. In making those risk assessments, the auditor considers internal
financial control relevant to the Company’s preparation of the standalone financial statements that
give a true and fair view in order to design audit procedures that are appropriate in the circumstances.
An audit also includes evaluating the appropriateness of accounting policies used and the
reasonableness of the accounting estimates made by the Company’s Directors, as well as evaluating the
overall presentation of the standalone financial statements. We believe that the audit evidence we
have obtained is sufficient and appropriate to provide a basis for our audit opinion on the standalone
financial statements.
Report on Other Legal and Regulatory Requirements
1. 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, Standalone Statement of Profit and Loss including the
Standalone Statement of Other Comprehensive Income, the Standalone Cash Flow Statement
and Standalone 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 Accounting
Standards specified under section 133 of the Act, read with Rule 7 of the Companies (Accounts)
Rules, 2014, Companies (Indian Accounting Standards) Rules, 2015, as amended;
(e) In our opinion, there are no matters that may have an adverse effect on the functioning of the
Company.
(f) On the basis of the written representations received from the directors as on 31st March, 2026
taken on record by the Board of Directors, none of the directors is disqualified as on 31st March,
2026 from being appointed as a director in terms of Section 164 (2) of the Act.
(g) 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 A’.
(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, 2018, in our opinion and to the best of
our information and according to the explanations given to us:
i. The Company does not have any pending litigations which would impact its financial
position.
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 were 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, no funds
(which are material either individually or in the aggregate) 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 , 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 (“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, no funds
(which are material either individually or in the aggregate) have been received by the
company from any person or entities including foreign entity (“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 such audit procedures that were 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 (a) and (b) contain any material misstatement.
v. The Company has not declared or paid any dividend during the year, therefore the
provisions of the section 123 of the Act is not applicable.
vi. Based on our examination carried out in accordance with the Implementation Guide on
Reporting of Audit trail under rule 11 (g) of the Companies (Audit and Auditors) issued by
the Institute of Chartered Accountant of India, the company has used accounting software
for maintaining its Books of Accounts, which has a feature of recording Audit Trail (Edit
Log) facility. Further, we did not come across of the audit trail feature being tampered
with. Additionally, the audit trail has been preserved by the company as per the statutory
requirements for the record retention.
2. As required by the Companies (Auditor’s Report) Order, 2020 (“the Order”) issued by the Central
Government in terms of sub-section 11 of section 143 of the Act, we give in the ‘Annexure B’, a
statement on the matters specified in paragraphs 3 and 4 of the Order.
For Shah Khandelwal Jain & Associates
Chartered Accountants
Firm Registration No.142740W
Ashish Khandelwal
Partner
Membership No.049278
UDIN: 26049278TVPDQO3319
Date: 28/05/2026
Place: Pune
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