1) We have audited the accompanying financial statements of THE HINDUSTAN HOUSING
COMPANY LIMITED ("the Company") which comprise the Balance Sheet as at March 31,
2026, the Statement of Profit and Loss (including Other Comprehensive Income), Statement of
Changes in Equity and Statement of Cash Flows for the year ended March 31, 2026 and notes
to the financial statements, including a summary of material accounting policies and other
explanatory information (hereinafter referred to as the "financial statements").

2) 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 read with the
Companies (Indian Accounting Standards) Rules, 2015, as amended, ("Ind AS") and other
accounting principles generally accepted in India, of the state of affairs of the Company as at
March 31, 2026 and its profit and total Comprehensive Income, changes in equity and its cash
flows for the year ended on that date.

Basis for Opinion

3) 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 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 ("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 we have obtained is sufficient and appropriate to provide a
basis for our audit opinion on the Financial Statements.

Key Audit Matters

4) Key audit matters are those matters that, in our professional judgement, were of most
significance in our audit of the Financial Statements of the current period. We have
determined that there are no key audit matters to communicate in our report.

5) The Company's Board of Directors is responsible for the other information. The other
information comprises the information included in the Annual report, but does not include the
Financial Statements and our Auditor's Report thereon. The Annual Report is expected to be
made available to us after the date of this Auditors' Report.

6) Our opinion on the financial statements does not cover the other information and we do not
express any form of assurance conclusion thereon.

7) 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 during the course of our audit otherwise appears to be materially misstated.

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

Responsibilities of Management and Board of Directors for the Financial Statements.

9) 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 Financial Statements
that give a true and fair view of the financial position, the financial performance, total
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.

10) 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.

11) 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.

12) 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.

13) 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 system 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 (i) in 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.

14) 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.

15) 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.

16) 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
year 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. We conclude that there are no key audit
matters that needs to be communicated.

Report on Other Legal and Regulatory Requirements

17) 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 A" a
statement on the matters specified in paragraphs 3 and 4 of the Order.

18) (A) 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), Statement of Changes in Equity and the Statement of Cash Flow 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 Indian Accounting
Standards prescribed under Section 133 of the Act.

(e) On the basis of the written representations received from the directors as on March 31,
2026 taken on record by the Board of Directors, none of the directors is disqualified as on
March 31, 2026 from being appointed as a director in terms of Section 164(2) of the Act;
and

(f) 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 B".

(B) 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. There are no pending litigations against the company except those disclosed in Note no. 36;

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

iii. There is no delay in transferring amounts, 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 have
been advanced or loaned or invested (either from borrowed funds or share premium or any
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:

• directly or indirectly lend or invest in other persons or entities identified in any manner
whatsoever ("Ultimate Beneficiaries") by or on behalf of the Company or

• provide any guarantee, security or the like to or 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:

• directly or indirectly, lend or invest in other persons or entities identified in any manner
whatsoever ("Ultimate Beneficiaries") by or on behalf of the Funding Party or

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

c) 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 clause (iv) (a) and (iv) (b) contain any material misstatement.

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

vi. The reporting under rule 11(g) of the Companies (Audit and Auditors) Rules, 2014 is
applicable from April 01, 2023.

Based on our examination, which included test checks, the Company has used accounting
software for maintaining its books of account, which has a feature of recording audit trail (edit
log) facility. Further, for the periods where edit log facility was enabled for the respective
accounting software, measures were in place to establish necessary controls aimed at
preventing or identifying any tampering with the audit trail feature and we did not come
across any instance of the audit trail feature being tampered with. Additionally, the audit trail
of relevant prior years has been preserved by the Company as per the statutory requirements
for record retention to the extent it was enabled and recorded in the prior year.

(C) With respect to the other matters to be included in the Auditor's Report as per section 197 (16)
of the Act:

In our opinion and according to the information and explanations given to us, the
remuneration paid by the Company to its director during the year is in accordance with the
provisions of Section 197 of the Act.

For M M NISSIM & CO LLP

Chartered Accountants

Firm Registration No. 107122W/W100672

Saomil R Vora
Partner

Membership No. 135247
UDIN:

Place: Mumbai
Dated: May 21, 2026