EPack Prefab Technologies Ltd. இன் முடிவுகள்

We have audited the accompanying standalone financial
statements of Epack Prefab Technologies Limited (“the
Company”), which comprise the Balance Sheet as at 31st
March, 2026, the Statement of Profit and Loss including the
Statement of Other Comprehensive Income, the Cash
Flow Statement and the Statement of Changes in Equity
for the year then ended, and the notes to Standalone
Financial Statements including a summary of the 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 the Indian Accounting Standards
prescribed under section 133 of the Act read with the
Companies (Indian Accounting Standards) Rules, 2015, as
amended, and other accounting principles generally
accepted in India, of the State of Affairs of the Company as
at 31st March 2026, and its Profit including Other
Comprehensive Income, its cash flows and the Changes in
Equity 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 Act. Our
responsibilities under those Standards are further
described in the Auditor''s Responsibility 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 (ICAI) together with the ethical
requirements that are 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 ICAI''s Code of Ethics. We
believe that the audit evidence obtained by us is sufficient
and appropriate to provide a basis for our audit 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 financial statements of the current period.
These matters were addressed i n 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. We have determined the matters
described below to be the key audit matters to be
communicated in our report.

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 financial 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
system with reference to Standalone 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 the 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.

• 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 financial 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.

Report on Other Legal and Regulatory
Requirements

As required by the Companies (Auditor''s Report) Order,
2020 (“the 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 the
paragraph 3 and 4 of the Order to the extent applicable.

As required by Section 143 (3) of the Act, we report, to the
extent applicable, 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
including the Statement of Other Comprehensive
Income, the Statement of Cash flows and the
Statement of Changes in Equity dealt with by this
Report are in agreement with the relevant books of
account.

d. In our opinion, the aforesaid standalone financial
statements comply with the Indian Accounting
Standards specified under Section 133 of the Act read
with relevant rules issued thereunder.

e. On the basis of written representations received from
the Directors as on 31st 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 over financial reporting with reference to
Standalone Financial Statements of the Company and
the operating effectiveness of such controls, refer to
our separate Report in “Annexure - B”.

g. In our opinion, the managerial remuneration for the
year ended March 31, 2026 has been paid / provided by
the Company to its directors in accordance with the
provisions of section 197 read with Schedule V to the
Act;

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 Note: 42 of the additional
information to Standalone Financial Statement)

ii. The Company did not have any long-term contracts
including derivative contracts for which there were any
material foreseeable losses.

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

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 (“Intermediaries”),
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 Beneficiaries”) 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 Parties (“Ultimate Beneficiaries”) or
provide any guarantee, security or the like on behalf of
the Ultimate Beneficiaries.

b) Based on such audit procedures as 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 (i)
and (ii) of Rule 11(e) as provided under (a) and (b) above
contain any material misstatement.

i. The Company has neither declared nor paid any
dividend during the year.

ii. Based on our examination, which included test checks,
the Company has used accounting software for
maintaining its books of account for the financial year
ended Mach 31, 2026 which has a feature of recording
audit trail (edit logs) facility and the same has 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 the
audit trail feature being tampered with in respect of
accounting software''s for the period for which the audit
trail feature was operating and the audit trail has been
preserved by the Company as per the statutory
requirements for record retention.

For Talati & Talati LLP
Chartered Accountants
(FRN: 110758W/W100377)

CA. Manish Baxi
(Partner)

Membership. No. 045011
UDIN: 26045011IOTUP D4955
Place: Vadodara
Date: 16th May 2026