We have audited the accompanying statement of Standalone financial Results of PARTY CRUISERS
LIMITED (“the Company”) for the half year ended 31st March 2025 and for the period from 1^st April
2024 to 31^st March 2025 (“the statement”) attached herewith, being submitted by the Company pursuant
to the requirement of Regulation 33 of the Securities and Exchange Board of India (“SEBI”) (Listing
Obligations and Disclosure Requirements) Regulations, 2021, as amended (“Listing Regulations”).

In our opinion and to the best of our information and according to the explanations given to us these
standalone financial results:

i. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in
this regard; and

ii. Indicate that, Because of the significance of the matters described in the Basis for Qualified
Opinion section of our report, we have not been able to obtain sufficient appropriate audit
evidence to provide a basis for an audit opinion on these financial results.

Basis of Qualified Opinion

1. Trade receivable include amount of Rs. 14.22 Lakhs which were outstanding for substantial period
of time. Management has assessed that; no adjustments are required for carrying value of aforesaid
balances. Consequently, in the absence of sufficient appropriate audit evidence to support the
Management’s contention of recoverability of these balances, we are unable to comment upon the
adjustments if any, that are required to the carrying value of aforesaid balances and consequential
impact if any on the accompanying standalone financial results.

Management’s and Board of Directors’ Responsibilities for the Standalone Financial Results

These standalone financial results have been prepared on the basis of the condensed standalone interim
financial statements. The Company’s Management and Board of Directors are responsible for the
preparation and presentation of these standalone financial results that give a true and fair view of the net
profit/loss and other comprehensive income (loss) and other financial information in accordance with the
recognition and measurement principles laid down in Accounting Standard 25, ‘Interim Financial
Reporting’ prescribed under Section 133 of the Act and other accounting principles generally accepted
in India and in compliance with Regulation 33 of the Listing Regulations. 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 standalone financial results
that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the standalone financial results, the Management and the 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 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.
The Ministry of Corporate Affairs (MCA) has prescribed a new requirement for companies under the
proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 inserted by the Companies (Accounts)
Amendment Rules, 2021 requiring companies, which uses accounting software for maintaining its books
of account, shall use only such accounting software which has a feature of recording audit trail of each
and every transaction, creating an edit log of each change made in the books of account along with the
date when such changes were made and ensuring that the audit trail cannot be disabled.

The audit trail feature was not enabled at the database level for accounting software Tally Prime to log
any direct data changes, used for maintenance of all accounting records by the Company.

Auditor’s Responsibilities for the Audit of the Standalone Financial Results

Our objectives are to obtain reasonable assurance about whether the standalone financial results 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 results.

As part of an audit in accordance with SAs, we exercise professional judgement and maintain professional
skepticism throughout the audit.

We also identify and assess the risks of material misstatement of the standalone financial results, 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 control relevant to the audit 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.

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the Management and Board of Directors.

Conclude on the appropriateness of the Management and Board of Directors’ 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 results 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 results, including the
disclosures, and whether the standalone financial results 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.

As stated in the standalone financial statements and based on our examination which included test
checks, except for instance mentioned below, the Company, in respect of financial year commencing on
01 April 2024, has used an accounting software for maintaining its books of account which has a feature
of recording audit trail (edit log) facility and the same has been operated throughout the year for all
relevant transactions recorded in the software. Further, during the course of our audit we did not come
across any instance of audit trail feature being tampered with, other than the consequential impact of the
exception given below.

For Ramanand & Associates
Chartered Accountants
Firm Registration No: 117776W

Ramanand Gupta
Partner

Membership No. 103975
UDIN: 25103975BMIGBG3131
Place: Mumbai
Date: 28^th May 2025