We have audited the accompanying Standalone Financial Statements of Suntech Infra Solutions Limited (’’the
Company"), which comprise the Balance Sheet as at 31st March 2026, the Statement of Profit and Loss and the
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.

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 the accounting principles generally accepted
in India, of the state of affairs of the Company as at 31 st March 2026, its profit and its cash flows for the year
ended on that date.

BASIS FOR OPINION

We conducted our audit 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 Statementssection 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 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 opinion.

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 financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate
opinion on these matters.

INFORMATION OTHER THAN THE FINANCIAL STATEMENTS AND AUDITOR'S
REPORT THEREON

The Company's Board of Directors is responsible for the other information. The other information comprises
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 separate financial statements, our responsibility is to read the other information
and, in doing so, consider whether he information is materially inconsistent with the financial statements or our
knowledge obtained during the course of our audit or otherwise appears to be materially misstated. We have
nothing to report in this regard.

RESPONSIBILITIES OF MANAGEMENT AND THOSE CHARGED WITH GOVERNANCE

The Company's Board of Directors is responsible for the matters stated in section 134(5) of the Companies Act,
2013 with respect to the preparation of these Standalone Financial Statements that give a true and fair view of the
financial position, financial performance and cash flows of the Company in accordance with 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 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 accuracy and completeness of the accounting records, relevant to the
preparation and presentation of the financial statements 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 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 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 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
scepticism 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 Act, we are also responsible for expressing
our opinion on whether the Company has adequate internal financial controls with reference to the 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; and

* 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.

We communicate with those charged with governance regarding 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 Standalone Financial Statements of the current period and are therefore the
Key Audit Matters.

REPORT ON OTHER LEGAL AND REGULATORY REQUIREMENTS

A. Companies (Auditor's Report) Order, 2020

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

B. 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
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 the Companies (Accounting Standards) Rules, 2021;

e) On the basis of the written representations received from the Directors as on 31 st 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;

f) With respect to the adequacy of the internal financial controls with reference to the Standalone 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 the Standalone Financial Statements;

g) In our opinion, there are no qualifications or adverse remarks relating to the maintenance of accounts and
other matters connected therewith; and

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, 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 litigations on its financial position in its Standalone
Financial Statements — refer Notes 15.2 and 26.

(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) Management has represented that, to the best of its knowledge and belief, no funds have been
advanced, loaned or invested by the Company to or in any other person or entity with the understanding
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 or provide any guarantee, security or the like on
behalf of the ultimate beneficiaries.

(iv)(b) Management has represented that, to the best of its knowledge and belief, no funds have been
received by the Company from any person or entity with the understanding 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 or provide any guarantee, security or the like on behalf of the ultimate
beneficiaries.

(iv) (c) Based on our audit procedures, nothing has come to our notice that has caused us to believe that the
management representations under (iv)(a) and (iv)(b) above contain any material misstatement.

(v) The Board of Directors of the Company has not recommended any final dividend for the year ended
31st March 2026.

(vi) Based on our examination which included test checks, the Company has used Busy Accounting
Software for maintaining its books of account for the year ended 31st March 2026. The said software has a
feature of recording audit trail (edit log) at the application level, and the same has been enabled and operated
throughout the year for all relevant transactions recorded in the software. We have not come across any
instance of the audit trail feature being tampered with or being disabled during the year. The audit trail has
been preserved by the Company as required under the applicable law. We are unable to comment on the
availability of the audit trail feature at the database level, as access to the underlying database was not made
available to us for verification.

C. As required by section 197(16) of the Act, as amended, we report that:

In our opinion and according to the information and explanations given to us, the managerial remuneration paid
or provided during the year by the Company to its Directors is in accordance with the provisions of section 197
of the Act.

For GSRA & Associates

Chartered Accountants
Firm Registration No.: 028347N

Ravi Sachdeva
Partner

Membership No.: 522022
UDIN: 26522022GXZTFK4301

Place: New Delhi
Date: 14th Mav 2026