We have audited the financial statements of Orient
Technologies Limited (Formerly known as Orient
Technologies Private Limited) (the “Company") which
comprise the balance sheet as at 31 March 2025,
and the statement of profit and loss (including other
comprehensive income), statement of changes in equity
and statement of cash flows for the year then ended, and
notes to the 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
financial statements give the information required by the
Companies Act, 2013 (“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 March 2025, and
its profit and other comprehensive income, changes in
equity 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
Act. Our responsibilities under those SAs are further
described in the Auditor's Responsibilities for the Audit
of the 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 Act and the Rules 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 on the financial statements.

Key Audit Matter(s)

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 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.

Other Information

The Company's Management and Board of Directors
are responsible for the other information. The other
information comprises the information included in the
Company's annual report, but does not include the
financial statements and auditor's report(s) thereon.
The Company's annual report is expected to be made
available to us after the date of this auditor's report. Our
opinion on the financial statements does not cover the
other information and we will not express any form of
assurance conclusion thereon. In connection with our
audit of the 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
financial statements or our knowledge obtained in the
audit, or otherwise appears to be materially misstated.

When we read the Company's annual report, if we
conclude that there is a material misstatement therein,
we are required to communicate the matter to those
charged with governance and take necessary actions, as
applicable under the relevant laws and regulations.

Management's and Board of Directors' Responsibilities
for the financial statements

The Company's Management and Board of Directors are
responsible for the matters stated in Section 134(5) of
the Act with respect to the preparation of these financial
statements that give a true and fair view of the state of
affairs, profit/ loss and 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. 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 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, the Management
and 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.

Auditor's Responsibilities for the Audit of the inancial
statements

Our objectives are to obtain reasonable assurance about
whether the 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
the 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
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 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 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 in preparation
of financial statements 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 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 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,
including the Audit Committee 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.

From the matters communicated with those charged with
governance, we determine those matters that were of
most significance in the audit of the 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.

Other Matters

The accompanying financial statements include
unaudited financial information of the Company's branch
located in Singapore (Orient Technologies Private Limited
- Singapore Branch, Registration No. T16FC0015G),
which reflects total assets of ?709.62 lakhs as at 31
March 2025, total revenue from operations of ?806.87
lakhs, total net profit after tax of ?98.41 lakhs, total other
comprehensive income of ? NIL and net cash outflows
of (?113.38 lakhs) for the year ended on that date. These
unaudited financial information have been approved
and provided to us by the Company's Management and
Board of Directors. Our opinion, in so far as it relates to
the Singapore Branch, is based solely on such unaudited
financial information. According to the information and
explanations given to us, these unaudited financial
information are not material to the Company.

Our opinion above on the financial statements, and our
report on Other Legal and Regulatory Requirements
below, is not modified in respect of the above matters
with respect to our reliance on the work done and the
reports of the other auditors.

Report on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report)
Order, 2020 (“the Order"), issued by the Central
Government of India in terms of sub-section (11) of
section 143 of the Act, we give in the "Annexure-A"

a statement on the matters specified in paragraphs

3 and 4 of the Order, to the extent applicable.

2. 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 including other comprehensive
income, the Statement of Changes in Equity
and the Cash Flow Statement dealt with by
this Report are in agreement with the books
of account.

d) In our opinion, the aforesaid Financial
Statements comply with the Indian Accounting
Standards specified in the Companies (Indian
Accounting Standards) Rules, 2015 (as
amended) under Section 133 of the Act, read
with Rule 7 of the Companies (Accounts)
Rules, 2014.

e) On the basis of the written representations
received from the directors as on 31st
March 2025 taken on record by the Board of
Directors, none of the directors is disqualified
as on 31st March 2025 from being appointed
as a director in terms of Section 164 (2) of the
Act.

f) 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.

g) With respect to the adequacy of the internal
financial controls over financial reporting of
the Company and the operating effectiveness
of such controls, refer to our separate Report
in “Annexure B".

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, 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 Financial Statements
- Refer Note 35 to the 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 required to be
transferred to the Investor Education
and Protection Fund by the Company
during the year.

iv. The management of the Company has
represented to us that to the best of
its knowledge and belief, other than as
disclosed in the notes to the accounts:

• 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 person(s) or
entity(ies), 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;

• no funds have been received by
the Company from any person(s)
or entity(ies), 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 Beneficiaries") or

provide any guarantee, security or
the like on behalf of the Ultimate
Beneficiaries; and

• Based on such audit procedures
we 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) above, contain
any material misstatement.

v. The Company has declared and paid
interim dividend during the year and is
in accordance with section 123 of the
Companies Act 2013.

vi. Based on our examination which
included test checks, the Company
has used such accounting software for
maintaining its books of account for the
financial year ended 31 March 2025,
which has a feature of recording audit
trail (edit log) as required under Rule 3 of
the Companies (Accounts) Rules, 2014.
The audit trail feature has been enabled
and operated throughout the year for
all relevant transactions recorded in the
software. During the course of our audit,
we did not come across any instance
of the audit trail feature being tampered
with. Further, the audit trail has been
preserved by the Company as per
the statutory requirements for record
retention.

For Kirtane & Pandit LLP

Chartered Accountants

Firm's Registration No: 105215W/ W100057

Sandeep Patil

Partner

Membership no 125497

UDIN: 25125497BMTDWW3868

Place: Mumbai

Date: May 15, 2025