We have audited the standalone financial statements of
SAKSOFT LIMITED ("the Company"), which comprise the
Balance Sheet as at 31^st March 2026, and the Statement of
Profit and Loss (including Other Comprehensive Income),
Statement of Changes in Equity and Statement of Cash
Flows for the year on that date, and notes to the financial
statements, including a summary of Material Accounting
Policies and other explanatory information (hereinafter
referred to as "the standalone financial statements").

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 (the "Act") in the
manner so required and give a true and fair view in conformity
with Indian Accounting Standards prescribed under Section
133 of the Act read with the Companies (Indian Accounting
Standards) Rules, 2015, as amended ("Ind AS") and other
accounting principles generally accepted in India, of the
state of affairs of the Company as at March 31, 2026, and
it's Profit, Total Comprehensive Income, Changes in Equity
and its Cash Flows for the year ended on that date.

Basis for Opinion

We 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. 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 financial statements
under the provisions of the Companies Act, 2013 and the
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 opinion on the standalone
financial statements.

Key Audit Matters

Key Audit Matters are those matters that, in our professional
judgment, were of most significance in our audit of the
standalone financial statements of the current period.
These matters were addressed in the context of our audit
of the standalone financial statements, and in forming our
opinion thereon, we do not provide a separate opinion on
these matters.

In this regard we have identified the following Key
Audit Matters:

Impairment test analysis on Equity investments
in subsidiaries:

In view of the significance of the carrying value of
investments and the assumptions underlying the
ascertainment of fair value, this is being reported as a
Key Audit Matter. The carrying amount of the Company's
Investments in its subsidiaries, held at cost, amount to
Rs.2379 million (representing 46% of the total assets) as
at March 31, 2026.

How the matter was disposed of:

The Management undertakes an annual impairment testing
analysis in respect of its equity exposure in its subsidiaries,
whereby the carrying value is compared with the fair value
of these investments obtained from appropriate valuation
methodology, and to the extent of shortfall in the fair value
an impairment provision is considered in the books. Such
provision is reviewed at every subsequent reporting date for
necessary adjustments as may be required.

We have critically evaluated the management's approach
to the valuation methodology adopted in this regard, to
conclude upon the need or otherwise of an impairment
provision against the carrying value of Investments as at
the date of Balance Sheet.

We tested the management's assumptions and other inputs
with underlying data and assessed the reasonableness of
the assumptions used and performed sensitivity analysis
on these key assumptions to assess the potential impact
on the fair value derived to get comfort.

Information Other than the Financial Statements
and Auditor's Reports thereon:

The Company's Board of Directors is responsible for the
preparation of the other information. The other information
comprises the information included in Management
Discussion and Analysis, Board's Report including
Annexures to Board's Report, but does not include the
standalone and consolidated financial statements and
our respective Auditor's Reports thereon. The matters to
be included in the Annual Report is expected to be made
available to us after the date of this Auditor's Report. Our
opinion on the standalone financial statements does not
cover the other information and will 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
identified above when it becomes available and, in doing
so, consider whether the other information is materially
inconsistent with the standalone financial statements, or our
knowledge obtained in the audit or otherwise appears to be

materially misstated. When we read the other information, if
we conclude that there is a material misstatement therein,
we are required to communicate the matter to Those
Charged With Governance for appropriate action and if left
uncorrected, bring the material misstatement to attention
of the user.

Responsibilities of Management and Those
Charged with Governance for the standalone
financial statements:

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, cash flows and changes in equity of the Company in
accordance with the Ind AS and other accounting principles
generally accepted in India. This responsibility also includes
maintenance of 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 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 standalone financial
statements that give a true and fair view and are free from
material misstatement, whether due to fraud or error.

In preparing the standalone financial statements, the Board
of Directors 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 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 are also responsible for overseeing
the Company's financial reporting process.

Auditor's Responsibilities for the audit of the
standalone financial statements:

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 audit 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 Standards on Auditing will always detect
a material misstatement where 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.

As part of an audit in accordance with Standards on
Auditing, we exercise professional judgment and maintain
professional skepticism throughout the audit. We also:

• Identify and assess the risks of material misstatement
of the 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 Companies Act, 2013, we are also responsible
for expressing our opinion on whether the Company has
an adequate internal financial controls system in place
and 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 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 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 financial statements, including the disclosures,
and whether the financial statements represent the
underlying transactions and events in a manner that
achieves fair presentation.

Materiality is the magnitude of misstatements in the
standalone financial statements that, individually or in
aggregate, makes it probable that the economic decisions
of a reasonably knowledgeable user of the standalone
financial statements may be influenced. We consider
quantitative materiality and qualitative factors in

i. planning the scope of our audit work and in evaluating
the results of our work; and

ii. to evaluate the effect of any identified misstatements
in the standalone financial statements.

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 communicate
to 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 standalone 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

1. As required by the Companies (Auditor's Report) Order
2020 ("Order") issued by the Central Government of
India in terms of Section 143(11) of the Act, we give in
the "Annexure A" a statement on the matters specified
in paragraph 3 and 4 of the Order.

2. (A) 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) I n 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
Standalone Statement of Profit and Loss
including Other Comprehensive Income,
the Standalone Statement of Cash Flows
and Statement of Changes in Equity dealt
with by this Report are in agreement with the
books of account;

(d) I n our opinion, the aforesaid standalone
financial statements comply with the Ind AS
specified under Section 133 of the Act;

(e) On the basis of the written representations
received from the directors taken on record
by the Board of Directors, none of the
directors is disqualified as on 31^st March
2026 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 with reference to financial
statements 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
with reference to financial statements;

(g) With respect to the other matters to
be included in the Auditor'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 during the year is in accordance
with the provisions of Section 197 of the Act.

(B) 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,
as amended, in our opinion and to the best of our
information and according to the explanations
given to us:

(a) The Company has disclosed the impact of
pending litigations on its financial position
in its financial statements - Refer Note 22
(a) to the standalone financial statements;

(b) The Company has long-term contracts and
derivative contracts for which there were no
material foreseeable losses;

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

(d) (i) 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 ("Intermediaries"), with
the understanding, whether recorded
in writing or otherwise, that the
Intermediary shall:

accordance with Section 123 of the Act,
as applicable.

(ii) The interim dividend declared and
paid by the Company during the year
and until the date of this report is in
compliance with Section 123 of the Act.

(iii) The Board of Directors of the Company
have proposed final dividend for the
year which is subject to the approval
of the members at the ensuing Annual
General Meeting. The amount of
dividend proposed is in accordance with
Section 123 of the Act, as applicable.

(f) 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) and the
same has been operated throughout the
year for all relevant transactions recorded
in the respective software and has been
preserved appropriately from the date
the logs were maintained. Further, for
the period where audit trail (edit log) was
enabled and operated throughout the year
in the accounting software, we did not come
across any instance of audit trail feature
being tampered with.

For R.G.N. Price & Co.,

Chartered Accountants
Firm registration no. 002785S

Aditya Kumar S

Partner

Place: Chennai Membership No. 232444

Date: May 25, 2026 UDIN: 26232444STIXWS4477