We were engaged to audit the accompanying Financial Statements of Longview Tea Company
Limited ("the Company"), which comprise the Balance Sheet as at 31^st March, 2025, the Statement
of Profit and Loss (including Other Comprehensive Income), the Statement of Changes in Equity
and the Statement of Cash Flows for the year then ended, and notes to the Financial Statements,
including a summary of the material accounting policies and other explanatory information
(hereinafter referred to as the "Financial Statements").

We do not express an opinion on the accompanying Financial Statements of the company. Because
of the significance of the matters described in the "Basis for Disclaimer of Opinion" section of our
report, we have not been able to obtain sufficient appropriate audit evidence to provide a basis
for an audit opinion on these financial statements.

Basis for Disclaimer of Opinion

1. As described in Note 36(a) of the Financial Statements, on account of pending outcome of the
ongoing proceedings before the National Company Law Tribunal ("NCLT") and pending receipts
of any final order of NCLT in respect of complaints under Section 241 read with Section 242
of the Companies Act, 2013, and pending decision of the Registrar of Companies on the
Company's reply to its show cause notice issued under section 206 of the Act, we are unable
to express any opinion in this respect till the receipt of the final orders in these cases. We are
unable to comment on the possible adjustments and /or disclosures, if any, that may be
required to be made in the Financial Statements in respect of this matter. We will continue to
evaluate the impact of this matter on our opinion based on any changes in circumstances or
additional information that may become available.

2. As described in Note 36(b) of the Financial Statements, we were unable to obtain sufficient
information, documents, Registers of Company, Records, Books and Papers and Books of
Account and other relevant documents and statutory records necessary for preparation of the
Financial Statements which would have a significant impact on the financial statements and
results. This limitation creates material uncertainty regarding the accuracy and completeness
of key elements, including the company's financial position, performance and cash flows and
inability to obtain sufficient appropriate audit evidence, imposed limitation or circumstances
beyond the control of the management. As a result, the reported figures may not fully reflect
the company's actual financial condition and the lack of information may have significant
impact on the Financial Statements.

3. We draw attention to Note 36(c) of the Financial Statements with respect to certain balances
relating to deposits, loans and advances, including those from the related parties which are
subject to reconciliation and confirmation. These balances have been presented based on
management's best estimate. In the absence of such reconciliations and confirmations, the
impact, if any, is currently unascertainable and therefore not commented upon.

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. This matter was 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 this matter. We have determined the matter described
below to be the key audit matter to be communicated in our report.

Information Other than the Financial Statements and Auditor's Report Thereon

The Company's management and Board of Directors are responsible for the preparation of the
other information. The other information comprises the information included in the Management
Discussion and Analysis, Board's Report including Annexures to Board's 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 or 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 other information, which we will obtain after the date of the auditor's report
and if we conclude that there is a material misstatement therein, we are required to communicate
the matter to those charged with governance. We have nothing to report in this regard.

Responsibilities of Management and Those Charged with Governance 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 financial position, financial performance including 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, 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 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
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 Financial Statements

We conducted our audit of the Financial Statements in accordance with the Standards on Auditing
("SAs") specified under section 143(10) of the Act. Our responsibility under those Standards is to
conduct an audit of the Company's Financial Statements in accordance with SAs and to issue an
auditor's report. However, because of the matters described in the "Basis for Disclaimer of Opinion"
section of our report, we were not able to obtain sufficient appropriate audit evidence to provide
a basis for an audit opinion on these Financial Statements.

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 thereunder,
and we have fulfilled our other ethical responsibilities in accordance with these requirements and
the ICAI's Code of Ethics.

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, and on the
basis of our examination of the books and records of the Company carried out in accordance
with the generally accepted auditing practices in India and according to the information and
explanations given to us, 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) Subject to the possible effects of the matters described in the 'Basis for Disclaimer of Opinion'
paragraph, we have sought all the information and explanations, which to the best of our
knowledge and belief were necessary for the purposes of our audit.

b) Subject to the possible effects of the matters described in the 'Basis for Disclaimer of Opinion'
section of our Report, we are unable to state whether 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) Subject to the possible effects of the matters described in the 'Basis for Disclaimer of Opinion'
section of our Report, the Balance Sheet, the Statement of Profit and Loss (including Other
Comprehensive Income), the Statement of Changes in Equity and the Statement of Cash
Flows dealt with by this Report are in agreement with the books of account;

d) Subject to the possible effects of the matters described in the 'Basis for Disclaimer of Opinion'
section of our Report, we are unable to state whether the aforesaid Financial Statements
comply with the Indian Accounting Standards (Ind AS) specified under Section 133 of the
Act, read with Rule 7 of the Companies (Accounts) Rules, 2014 as amended;

e) On the basis of the written representations received from the directors as on 31^st March,
2025 and 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;

f) With respect to the adequacy of the internal financial controls over financial reporting of the
Company and the operating effectiveness of such controls, as required under Section
143(3)(i) of the Act, refer to our separate report in "Annexure B";

g) 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, the Company has complied
with the provisions of Section 197 read with Schedule V of the Act, relating to managerial
remuneration;

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 to Note No. 24 and Note No. 36 of the Financial
Statements;

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

iii. There were no amounts due which were required to be transferred to the Investor
Education and Protection Fund by the Company.

iv. (a) The Management has represented that, to the best of its knowledge and belief, no
funds (which are material either individually or in the aggregate) 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 or entity, including
foreign entity ("Intermediaries"), with the understanding, whether recorded in writing
or otherwise, that the Intermediary shall, whether, directly or indirectly lend to 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 (which are material either individually or in the aggregate) have been received
by the Company from any person or entity, including foreign entity ("Funding
Parties"), with the understanding, whether recorded in writing or otherwise, that the
Company shall, whether, directly or indirectly, lend to 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 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 as provided under (a) and (b) above, contain any
material misstatement.

v. The company has not declared or paid any dividend during the year.

vi. Subject to the possible effects of the matters described in the 'Basis for Disclaimer of
Opinion' section of our Report, based on our examination which included test checks, the
Company has used accounting software for maintaining its books of account on and from
1^st July, 2024 which has a feature of recording audit trail (edit log) facility, however same
has not been operated throughout the year for all relevant transactions. Further, during
the course of our audit, we did not come across any instance of the audit trail feature
being tampered with. However, the audit trail has not been preserved by the Company
for the entire year as per the statutory requirements for record retention.

For V. SINGHI & ASSOCIATES
Chartered Accountants
Firm Registration No.: 311017E

(Naveen Taparia)

Place: Kolkata Partner

Date: 30^th June, 2025 Membership No.: 058433

UDIN: 25058433BMMHNQ5610