We have audited the accompanying financial statements of Goodyear
India Limited (the "Company”), which comprise the Balance Sheet as
at March 31st, 2026, and the Statement of Profit and Loss (including
Other Comprehensive Income), the Cash Flow Statement and the
Statement of Changes in Equity for the year ended on that date, and
notes to the financial statements, including a summary of material
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 (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, ("Ind AS”) and other accounting principles generally accepted in
India, of the state of affairs of the Company as at March 31st, 2026,
and its profit, 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 financial statements in accordance
with the Standards on Auditing (”SA”s) 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
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 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 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
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. We have determined the matters described
below to be the key audit matters to be communicated in our report.

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 the information
included in the Board's report including Annexures to Board's
Report and Corporate Governance report but does not include
the financial statements and our auditor's report thereon.

• Our opinion on the 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 financial statements, our
responsibility is to read the other information and, in doing
so, consider whether the other 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.

• If, based on the work we have performed, we conclude that
there is a material misstatement of this other information, we
are required to report that fact. We have nothing to report in
this regard.

Responsibilities of Management and Board of Directors
for the 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 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 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 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, 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 intend to liquidate
the Company or to cease operations, or has no realistic alternative
but to do so.

The Company's Board of Directors is also responsible for overseeing
the Company's financial reporting process.

Auditor's Responsibility for the Audit of the Financial
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 financial controls 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.

• 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 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.

Materiality is the magnitude of misstatements in the financial
statements that, individually or in aggregate, makes it probable that
the economic decisions of a reasonably knowledgeable user of the
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 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 controls 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.

Report on Other Legal and Regulatory Requirements

1. 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 except for not complying
with the requirements of audit trail as stated in (i)(vi) below.

c) The Balance Sheet, the Statement of Profit and Loss
including Other Comprehensive Income, the Statement of
Cash Flows and 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 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 as on March 31st, 2026 taken on record by the
Board of Directors, none of the directors is disqualified as
on March 31st, 2026 from being appointed as a director in
terms of Section 164(2) of the Act.

f) The modification relating to the maintenance of accounts
and other matters connected therewith, is as stated in
paragraph (b) above

g) 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 A". Our
report expresses an unmodified opinion on the adequacy
and operating effectiveness of the Company's internal
financial controls with reference to financial statements.

h) 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/ provided
by the Company to its directors during the year is in excess
of the limits laid down under section 197 of the Act. The
remuneration paid in excess of the limits laid down under
this section is Rs. 203 lacs to one managing director,
which is subject to the shareholders' approval by a special
resolution in the ensuing Annual General Meeting - Refer
Note 31 to the financial statements.

i) 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 financial
statements. Refer note 32 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. Refer note 33(b) to
the financial statements.

iii. There has been no delay in transferring amounts,
required to be transferred, to the Investor Education
and Protection Fund by the Company. Refer note 13(c)
to the financial statements.

iv. (a) The Management has represented that, to the

best of its knowledge and belief, as disclosed
in the note 43 to the financial statements,
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, 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, as disclosed in
the note 44 to the financial statements, 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, 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.

(c) Based on the audit procedures performed
that have been 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.

v. The final dividend proposed in the previous year,
declared and paid by the Company during the year
is in accordance with Section 123 of the Act, as
applicable.

As stated in note 29(b) to the financial statements, the
Board of Directors of the Company has proposed final
dividend for the year which is subject to the approval
of the members at the ensuing Annual General
Meeting. The dividend proposed is in accordance
with section 123 of the Act, as applicable.

vi. Based on our examination, the Company has used
accounting software(s) for maintaining its books of
account for the financial year ended March 31, 2026
wherein the accounting software is having audit trail
(edit logs) feature of capturing logs for all relevant
transactions recorded in the software and the same
has operated throughout the year for all relevant

transactions recorded in the software except for
certain tables at database level.

Further, during the course of our audit, we did not
identify any instances of tampering with the audit trail
feature in respect of transactions recorded through
transaction codes in the accounting software at the
application level, where the audit trail feature was
enabled and operational. However, in the absence
of information available at the database level, we are
unable to comment whether the audit trail feature
has been tampered with at the database level.

Additionally, the audit trail that was enabled and
operated has been preserved by the Company as per
the statutory requirements for record retention, as
stated in Note 40B to the financial statements.

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

For Deloitte Haskins & Sells LLP

Chartered Accountants
(Firm's Registration No.- 117366W/W-100018)

Kanav Kumar

(Partner)

Place: Gurugram (Membership No. 507230)

Date: May 28, 2026 (UDIN - 26507230RPCZAQ4314)