We have audited the accompanying standalone Ind AS financial statements of Hemo Organic Limited ("the Company”), which comprise the
Balance Sheet as at 31^st March 2024, the Statement of Profit and Loss, the Statement of Changes in Equity and the Statement of Cash Flows
for the year then ended, and summary of the significant accounting policies and other explanatory information (herein after referred to as
"standalone Ind AS financial statements”).

Except for the possible effects of the matter described in the Basis for Qualified Opinion paragraph, in our opinion and to the best of our
information and according to the explanations given to us, 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 standards prescribed under section 133 of the Act,
read with companies Rules 2015, as amended ( IND AS) and other accounting principles generally accepted in India of the state of affairs of
the Company as at 31^st March 2024, its loss (including other comprehensive income), changes in equity and its cash flows for the year ended
on that date.

Basis for Qualified Opinion

We have 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. Our responsibility under those Standards are further described in Auditor's Responsibility for the Audit of the
standalone financial statements section of our report. We are independent of the company in accordance of with code of ethics issued by
ICAI together with the independence requirement that are relevant to our audit of standalone financial statement under the provisions of the
Act and the rules made there Code under, and we have fulfilled our other ethical responsibilities in accordance with these requirements and
the ICAI's 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 stand
alone financial statement except for the following matter:

1. We have not been provided with the balance confirmation or any other details for the trade receivable and trade payable shown
in the books of accounts.

2. We have not been able to verify the transactional documents relating bank statements. Four out of five account are not shown to
us for verification. According to the management, the other accounts are dormant and therefore the same have not been
collected from bank.

As a result of above matters, we were unable to determine whether any adjustments might have been found necessary in respect
of recorded or unrecorded transactions and accounts receivable/payable in the balance sheet, and the corresponding elements
making up the statements of profit and loss.

Emphasis of Matter

1. The Company has not charged depreciation on the fixed assets during the year and accordingly provision of Indian Accounting
Standards relating to depreciation and Deferred Tax Asset / Liabilities have not been followed. The management represented
that the amount of depreciation being negligible the same has been not been incorporated.

2. The closing stock has been calculated and certified by management only and we have not been provided with the basis of
calculation.

Key Audit Matters

Other Information

The company's management and board of directors are responsible for the other information. The other information comprises Board's
Report on corporate governance and Business Responsibility report but does not include the standalone financial statement and our
auditor's report thereon.

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

In connection with our audit of standalone financial statements, our responsibility is to read the other information and, in doing so, consider
whether the other information is materially inconsistent with the standalone financial statements or our knowledge obtained during the
course of our audit procedures or otherwise appear 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 on that fact. We have nothing to report in this regard.

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 state of affairs, Profit
(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) prescribed 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 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 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.

The Board of directors is also responsible for overseeing the company's financial reporting process.

Auditor's Responsibility

Our objectives are to obtain reasonable assurance about whether standalone 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 aggregate, they could reasonably be expected
to influence the economic decision of users taken on the basis of these standalone financial statements.

As a 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 risk of material misstatement of the standalone financial statements, weather due to fraud or error, design and
perform audit procedure responsive to those risk, and obtain evidence that are sufficient and appropriate to provide a basis for our
opinion. The risk of not detecting a material misstatement resulting from fraud is higher than the one resulting from error, as fraud may
involve collusion, forgery, intentional, omission, misrepresentation, or the override of internal control.

^ Obtain an understanding of internal financial control relevant to the audit in order to design audit procedure 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 control system 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 standalone 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 standalone financial statements, including the disclosures, and whether
the standalone financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

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

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

a. We have sought and obtained all the information and explanations, except for the explanations and information described in the
qualified opinion paragraph, 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, 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 standalone Ind AS financial statements comply with the Indian Accounting Standards prescribed under
section 133 of the Act.

e. On the basis of the written representation received from the directors as on as on 31st March and taken on record by the board of
directors, none of the directors is disqualified as on 31st March 2024 from being appointed as director in terms of Section 164(2) of
the Act.

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".

g. 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. There is no pending litigation on the company therefore the same is not required to be disclosed.

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 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 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 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 under sub-clause (i) and (ii) of Rule 11(e), as provided
under (a) and (b) above, contain any material misstatement.

v. The Company has neither declared nor paid any dividend during the year.

vi. Proviso to Rule 3(1) of the Companies (Accounts) Rules, 2014 for maintaining books of account using accounting software
which has a feature of recording audit trail (edit log) facility is applicable to the Company with effect from April 1, 2023, and
accordingly, reporting under Rule 11(g) of Companies (Audit and Auditors) Rules, 2014 is not applicable for the financial year
ended March 31, 2023.

For, M A A K & Associates
(Chartered Accountants)
FRN:135024W

Date: 29/05/2024 CA Marmik Shah

Place: Ahmedabad Partner

UDIN: 24133926BKCJPH3765 M. No.: 133926