We have audited the accompanying financial results of OBSC Perfection Ltd., erstwhile OBSC
Perfection Pvt. Ltd., ("the Company”), for the Half Year and Year ended 31^stMarch, 2025, Attached
herewith being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI
(Listing Obligations and Disclosure Requirements) regulation, 2015, as amended (Listing Regulations).

In our opinion and to the best of our information and according to the explanations given to us, the
aforesaid financial statements;

a) Is presented in accordance with the requirements of Regulation 33 of the Listing Regulations in
this regard; and

b) Gives true and fair view in the 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 financial information for the half year and year ended 31st
March, 2025.

Basis for opinion

We conducted our audit in accordance with the Standards on Auditing 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 subject 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 together with the ethical requirements that are relevant to our audit of the financial
statements under the provisions of the Act 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 opinion.

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.

Reporting of key audit matters as per SA 701, Key Audit Matters are not applicable to the Company as
it is an unlisted company.

Information other than the financial statements and auditors’ report thereon.

The Board of directors of the Company is responsible for the preparation of the financial statements
and other information. The other infonnation comprises the information included in the Board’s Report
including Annexures to Board’s Report, Business Responsibility Report but does not include the
financial statements and our auditor’s report thereon. _____

Our opinion on the 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 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.

Management’s responsibility for the financial statements

The Company’s board of directors are responsible for the matters stated in section 134 (5) of the Act
with respect to the preparation of these 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
of the Act. 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 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 statement that give a true and fair view and are free from material misstatement, whether
due to fraud or error.

In preparing the financial statements, management is 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 management either intends to liquidate the Company or to
cease operations, or has no realistic alternative but to do so.

The board of directors is also responsible for overseeing the Company’s financial reporting process.
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, and to issue an auditor’s report that
includes our opinion.

Reasonable assurance is a high level of assurance but is not guaranteed that an audit conducted in
accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise
from fr aud or error and are considered material if, individually or in 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 skepticism throughout the audit. We, also:

a) Identify and assess the risks of material misstatement of the financial statements, whether due
to fraud or error, design and perfonn 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.

b) Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Companies
Act, 2013, we are also responsible for expressing our opinion on whether the company has
adequate internal financial controls system in place and the operating effectiveness of such
controls.

c) Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by management.

d) 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 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.

e) Evaluate the overall presentation, struehire, 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. From the matters communicated with those charged with governance, we determine those
matters that were of most significance in the audit of the financial statements of the current period and
are therefore the key audit matters. We describe these matters 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.

Report on other legal and regulatory requirements

Based on our examination which included test checks, the Company has used accounting software in
respect of financial year commencing from commencing from 1st April 2024, and ending on 31st March
2025, which has a feature of recording audit trail (edit log) facility and the same have been operated
throughout the year for all relevant transactions recorded in the software.

It was noticed that certain vouchers were amended and on test check, discussions with the staff
concerned and examination of corroborative documents that the modifications were to incorporate
further details in narrations etc., without impacting the incomes /(losses) and the state of affairs of the
company.

Further, the accounting staff not being well versed with the intricacies of operating the audit trail-
compliant software, the editing has occurred. This in our opinion is a reasonable came. Additionally,
the company’s current accounting software is fully capable of ensuring that the books of account and .

other relevant records are retained completely in their original format or in a format that accurately
presents the information.

As required by the Companies (Auditor’s Report) Order, 2020 ("the Order”), issued by the Central
Government of India in terms of sub-section (11) of section 143 of the Companies Act, 2013, we give
in the Annexure “A”, a statement on the matters specified in paragraphs 3 and 4 of the Order, to the
extent applicable.

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 balance sheet, the statement of profit and loss, and the cash flow statement dealt with by
this report agree 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;

(e) On the basis of the written representations received from the directors as on 3 l^stMarch, 2025
taken on record by the board of directors, none of the directors is disqualified as on 3 l^stMarch,
2025 from being appointed as a director in terms of Section 164 (2) of the Act.

(f) 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 B”. Our report expresses an unmodified opinion on the adequacy and operating
effectiveness of the Company’s internal financial controls over financial reporting:

(g) 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, 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 financial statements - Refer Note No. 29 to the financial statements,

ii) . The Company did not have any long-term contracts including derivative contracts for

which here were any material foreseeable losses; and

iii) There has been no delay in transferring the amounts required to be transferred to the
Investor Education and Protection Fund by the Company

For P. K. Chand & Cg^^ /

Chartered Accoun^pPS^%l

(Prashant Kumar

Firm No: 512371C - M.No.091046
Dated: 16^th May 2025, New Delhi
UDIN. 25091046BMONEY2913