We have audited the accompanying Standalone Ind AS Financial Statements of HYPERSOFT
TECHNOLOGIES LIMITED (“the Company”), which comprise the Balance Sheet as at 31^st
March, 2025, Statement of Profit & Loss (including other comprehensive income), the statement
of cash flows and the statement of changes in equity for the year then ended and 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 Ind AS Financial Statements give the information required by the
Act in the manner so required and give a true and fair view in conformity with the accounting
principles generally accepted in India including the Ind AS,

a) in the case of Balance Sheet of the State of affairs of the Company as at 31st March, 2025

i

b) In the case of Statement of Profit & Loss (including other comprehensive Income), of the
Profit for the year ended on that date.

c) In the case of Cash Flow Statement, of the cash flows of the Company for the year ended
on that date.

d) In the case of Statement of Changes in Equity 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 Ind AS 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 Ind AS 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 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 Standalone 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 :

Management’s Responsibility for the Standalone Ind AS Financial Statements

The Company’s Board of Directors is responsible for the matters stated in Section 134(5) of the
Companies Act, 2013 (“the Act”) with respect to the preparation of these Standalone Ind AS
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 accounting principles generally accepted in India, including the Accounting
Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts)
Rules, 2014.

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 the Standalone Ind AS 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 Ind AS 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.

Those Board of Directors are also responsible for overseeing the company’s financial reporting
process.

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

Our responsibility is to express an opinion on these Standalone Ind AS Financial Statements
based on our audit.

We have taken into account the provisions of the Act, the Indian accounting and auditing
standards and matters which are required to be included in the audit report under the provisions
of the Act and the Rules made thereunder.

We conducted our audit of the Standalone Ind AS Financial Statements in accordance with the
Standards on Auditing specified under Section 143(10) of the Act. Those Standards require that
we comply with ethical requirements and plan and perform the audit to obtain reasonable
assurance about whether the Standalone Ind AS Financial Statements are free from material
misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the
disclosures in the Standalone Ind AS Financial Statements. The procedures selected depend on
the auditor’s judgment, including the assessment of the risks of material misstatement of the
Standalone Ind AS Financial Statements, whether due to fraud or error. In making those risk
assessments, the auditor considers internal financial control relevant to the Company’s
preparation of the Standalone Ind AS Financial Statements that give a true and fair view in order
to design audit procedures that are appropriate in the circumstances. An audit also includes
evaluating the appropriateness of the accounting policies used and the reasonableness of the
accounting estimates made by the Company’s Directors as well as evaluating the overall
presentation of the Standalone Ind AS Financial Statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our audit opinion on the Standalone Ind AS Financial Statements.

Report on other Legal and Regulatory Requirements

1. As required by the Companies (Auditor’s Report) Order, 2020 issued by the Government
of India in terms of sub-section (11) of section 143 of the Companies Act, 2013, we
enclose in the “Annexure A”, hereto a statement on the matters specified in paragraphs 3
and 4 of the said Order.

2. As required by Section 143 (3) of the Act, we further report that :

i) 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.

ii) 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.

iii) The Balance Sheet, the Statement of Profit and Loss (including 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 books of account.

iv) In our opinion, the aforesaid Standalone Ind AS Financial Statements comply with
the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of
the Companies (Accounts) Rules, 2014.

v) On the basis of the 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.

vi) 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”.

vii) 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 :

a) Provision relating to Impact of pending litigations on its financial position in
its Financial Statements - NIL ;

b) Provision relating to Material Foreseeable Losses on Long-Term Contracts - Not
Applicable. The company neither entered into any derivative contract during the
year nor have any outstanding derivative contract at the year end.

c) The provision relating to transferring any amounts to the Investor Education and
Protection Fund is not applicable to the company during the year.

d) Based on our audit procedures which we considered reasonable and appropriate
in the circumstances, nothing has come to our notice that has caused us to
believe that the various matters mentioned in ' Disclosures of other Statutory
Information’ annexed to the Notes to accounts, contain any material mis¬
statement.

e) The company has not declared or paid any dividend during the year in
contravention of the provisions of section 123 of the Companies Act, 2013.

f) Proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 and Reporting under
Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 - Based on our
examination, which included test checks, we state that the accounting software
used for maintaining books of account does not have a feature of recording audit
trail (edit log) facility for the Financial year 2024-25.

For ANANT RAO & MALLIK
Chartered Accountants
Firm Regn. No. 006266S

V. ANANT RAO
Partner

M. No. : 022644

Date : 29-05-2025

UDIN : 25022644BMJUSL6766