1. We have audited the accompanying standalone financial statements of Ritesh
International Ltd ("the company"), which comprise the Standalone Balance Sheet as
at 31 March 2025, the Standalone Statement of Profit and Loss including the
statement of Other Comprehensive Income, the Statement of Changes in Equity and
the Standalone Cash Flow Statement for the year then ended, and notes to the
standalone financial statements, including a summary of significant accounting
policies and other explanatory information.

2. 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, 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,
2025 and total comprehensive income(comprising of Profit and other comprehensive
income), changes in equity and its cash flow the for the year ended on that date.

Basis for Opinion

3. We conducted our audit of the standalone financial statements in accordance with
the Standards on Auditing (SAs), as specified under section 143(10) of 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 together with the ethical
requirements that are relevant to our audit of the standalone financial statements
under the provisions of the Act and Rules 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 we have obtained is sufficient and
appropriate to provide a basis for our audit opinion on the standalone financial
statements.

Key Audit Matters

4. Key audit matters are those matters that, in our professional judgment, were of most
significance in our audit of the standalone Ind AS financial statements for the
financial year ended March 31,2025. These matters were addressed in the context of
our audit of the standalone Ind AS financial statements as a whole and in forming
our opinion thereon, and we do not provide a separate opinion on these matters. We
have determined the matter described below to be the key audit matters to be
communicated in our report.

Other Information

5. 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 auditor's 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 the
other information is materially inconsistent with the standalone financial statements
or our knowledge obtained during 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.

Responsibilities of Management and those charged with Governance for the Standalone

Financial Statements

6. 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, changes in equity and cash
flows of the company in accordance with the accounting principles generally
accepted in India, including the Indian Accounting Standards (Ind AS) specified
under Section 133 of the Act read with 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 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
statements that give a true and fair view and are free from material misstatement,
whether due to fraud or error.

7. In preparing the standalone 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.

8. Those Board of Directors are also responsible for overseeing the Company's financial
reporting process.

Auditor's Responsibility for the Audit of the Standalone Ind AS Financial Statements

9. 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.
Misstatement 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.

10. 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 control 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 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 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.

11. 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.

12. 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.

13. From the matters communicated with those charged with governance, we determine
those matters that were of most significance in the audit of the standalone financial
statements for 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

14. As required by the Companies (Auditor's Report) Order, 2020 ("the Order") as
amended issued by the Central Government of India 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, to the extent applicable.

15. 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, the Statement of Profit and Loss (including the
Statement of Other Comprehensive Income), the Standalone Statement of
Changes in Equity Standalone and the Cash Flow Statement 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
Companies (Indian Accounting Standards) Rules, 2015, as amended;

(e) on the basis of written representations received from the directors, as on 31^st
March 2025 taken on record by the Board of Directors, none of the directors is
disqualified as on 31^st March 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 with reference to these standalone financial
statements and the operating effectiveness of such controls, refer to our separate
Report in "Annexure-A "to this report.

(g) With respect to the other matters to be included in the Auditor⁷ 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 in accordance with the provisions of section 197 of the Act.

(h) With respect to the other matters to be included in the Auditors⁷ 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 litigation on its financial
position in its 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 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 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 ("Intermediaries⁷⁷), with the understanding, whether recorded in
writing or otherwise, that 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
Beneficiaries⁷⁷) 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 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, whether, 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 Beneficiaries⁷⁷) or provide any guarantee,
security or the like on behalf of the Ultimate Beneficiaries; and

c) Based on 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 (a) and (b) contain any material misstatement.

(i) Based on our Examination which included test checks, the company 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 tempered with.

As provision to Rule 3(1) of the Companies (Accounts) Rules, 2014 is applicable
from April 1, 2023, reporting under Rule 11 (g) of the Companies (Audit and
Auditors) Rule ,2014 on preservation of audit trail as per the statutory
requirements for record retention is not applicable for the financial year ended
March 31,2025.

For Ashok Shashi & Co.

(FRN No.013258N)
Chartered Accountants

Place : Ahmedgarh (Ashok Mehta)

Date : 21.05.2025 Prop

M.No.080969

UDIN:25080969BMUKDI6248