We have audited (he accompanying standalone financial slatements of Super Tannery Llmiied ("the Company"}, which comprise the standalone Balance Sheet as at March 3i, £024, and the standalone Statement of Profit and Loss (including other comprehensive income), the standalone Statement of Change in Equity and standalone Statement of Cash Flows for the year then ended, and notes to the standalone financial statements, including a summary of significant accounting policies and other explanatory information (hereinafter referred teas "Standalone Financial Statements").

In our opinion and to the besl of our information and according to the explanations given to us, the aforesaid standalone financial slalements give the information required by the Companies Acl, 2013 (the Acl) in the manner so required and give a true and fair view in conformity with (he Indian Accounting Standards prescribed under section 133 of the Act read with the Companies (Indian Accounting Stands rds) Rules, 2015, as amended, thereof ("!nd AS") and other accounting principles generally accepted in India, of the stale of affairs of the Company as at March 31,2024, its profit, total comprehensive income, change in equity and its cash flows for iho year ended on thatdate.

Sasis for Opinion

We conducted our audit of the standalone financial statements In accordance with the Standards on Auditing (SAs) specified under section 143( 10) of the Act. Our responsi bi litios under those $tg nd ard s a re fu rther described i n the Auditor's Respon sibilitics for the Audit of the standalone Financial Statements section of our report. We are independent of the Company in accordance wilh the Code of Ethics issued by (he Insliiute of Chartered Aoeounlanfs of India together with the ethical requirements that are relevant lo our audit of the standalone financial statements under the provisions of the Act and the Rules made thereunder, and we have fulfilled our ofher 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 opinion on the standalone Financial Statements.

Key Audit Matters

Key audit mailers are those matters that, in our professional judgment, were of most significance in our audit of (he 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 Ihese matters. We have determined that [here are no soy audit matters to bo communicated in our report.

Information Other than the standalone Financial Statements and Auditors' Report Thereon

The Company's Board of Directors is responsible for 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 and Corporate Governance and Shareholder's information, but does nol include the consolidated financial statements, standalone financial statements and our auditor's report thereon.

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

In connection with our audit of the financial slalements, our responsibility is to read the other information and, in doing so, consider whether the othor information is matenalty inconsistent wiih the financial statements or our knowledge obtained during the course of our audit or otherwise appears to ho materially misstated.

if. based on Ihe work we have performed, we conclude that there is a material misstatement of this other information, we are required to report lhat Fact. We have nolhlng to report In this regard

Responsibility of Management for tho standalone Financial Statements

Tha Company's Board of Directors is responsible for the matters stated io section 134(5) of the Acl with respect to the preparation of these standalone financial statements thal give a true and fair view of the financial position, financial performance, including other comprehensive income, change In equity and cash flows of the Company In accordance with the accounting principles generally accepted In India, including the accounting Standards specified under section 133 of the Act. This responsibility also includes ma intenance of adeg uate accounting records in accords nee with the provis ions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection end application of appropriate implementation and maintenance of accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, thal were operating effectively for ensuring the accuracy and completeness of the

accounting records, fielevanl to the preparation and presentation of the standalone financial statement (hat give a (rue and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the standalone financial statements, management is responsible for assessing Ihe Company's ability to continue as a going concern, disclosing, as applicable, matters related io going concern and using the going concern basis of accounting unless management either intends lo 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 Responsibilities for the Audit of the Standalone Financial Statements

Our objectives are lo obtain reasonable assure nee about whether the standalone financial siatements as a whole are Tnee from materiel misstatement, whether due lo 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 j1 exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably ba expected to influence the economic decisions of users taken on the basis of these standalone financial statements.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also;

Idenlify and assess the risks of material misstatement of the standalone 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, in terniona I omissions, misrepresentations, or the override of internal control,

Obtain an understanding of internal control relevant lo 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 interna] financial coni rots system m 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 management

Conclude on the appropriateness of managemenl'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, lo 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 condJIions mey cause the Company to cease lo 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 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 a nd qualitative factors in (I) plan ning (he scope of our audit work and in aval uati ng the results of our work; and | ; i) to evaluate theeWect of any identified misstatements m thefinancia! statements.

We communicate with those charged with governance regarding, among other matters, Ihe planned scope and timing of the audit and significant audit findings, including any significant deficiencies In Internal control that we Idenlify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence. and (o communicate with them all relationships and other matters lhat may reasonably be thought to bear on our independence, and where applicable, related safeguards.

From the matters communicated with those charged wilh governance, we determine those malters lhat were of most significance in (he audit of the standalone financial statements of the current period and are therefore the key audit matters. We describe Ihese matters in our auditors' report unless law or regulation precludes public disclosure about the matter or when, in extremely rare d rcumsts nca s, we determine that a matter should not be TOmmu nicated i n qu r report beca use the ad ver&fi consequences of doing so would reasonably be expected to outweigh the public inieresl benefits of such communication.

Re port on Other Legal and Regulatory Requirements

1. As required by the Companies (Auditor's Report) Order, 2050 ('the Order"), issued by the Central Government of India in terms of sub-section (11) of section 143 of Ihe Companies Act, 2013, we give in the ‘Annexe re A", a siatement on the matters specified in paragraphs 3 and 4 of (he Order, lo the extent applicable.

2. Further to our comments In Annexure 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 ou r audit;

(b) In our opinion, proper books of account as required by iaw have bean kept by Ihe Company so far as it appears from our examination of those books;

(c) The standalone balance sheet, Ihe standalone statement of profil and loss (including other comprehensive income), the standalone statement of change In equity and the standalone statement of cash flows dealt with by this Report are In agreement with the books ol account;

(d) In our opinion, the aforesaid standalone financial statements comply with the Accounting Standards specified under Section 133 of |hg Act. read with Ru le 7 of (he Compa niss (Accounts) Rules, 2014;

(el On the basrs of Ihe written representations received from the directors as of March 31, 2024 taken on record by the Board of Directors, none of the directors is disqualified as on March 31,2024 from being appointed as a director rn terms ot Section 164 (2) of the Acf,

(f) Wiih rasped 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 m "Annexure B". Our report expresses an unmodified opfn ion on the adequacy a nd operating effectiveness of the Company's in temal financial controls over financial reporting.

(g) As required by Section 197(16) of the Act. we report that the Company has paid remuneration to its directors during the year in accordance with the provisions of and limits laid down under Section 197 road with Schedule Vto the Act.

(h) With respecllo the other mailers to be i nctuded i n the Auditor's Re port in accords nee wi th R ule 11 of tbs Companies (Audi! and Auditors) Rules ,2014, in our spin ion and lo the best of our information and according to the explanations g iven lo u s:

i. The Company has disclosed the impact of pending litigations on its financial position In Its standalone financial state ments - Refer Note no. 33 to the financial sta te ments;

ii. the Company did not have any long-term contracts including derivative contracts for Which there were any material foreseeable losses, and

iiMhere has been no delay in iransferring 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 (which are material either individually or in (he 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 orentiiy, including foreign entity ("Intermediaries'), with the understanding, whether recorded in whiling or otherwise, that the Intermediary shall, whether directly or indirectly lend or invest in other persons or entitles Identified in any manner whatsoever by or on behalf of Ihe Company (“Jl Li male Beneficiaries") or provide any guarantee, security or Ihe like on behatr of the Ullrmate Beneficiaries;

(b) The Management has represented, that, to (he best of its knowledge and belief, no funds (which am material either Individually or in the aggregate) have been received by the Company from any person or entity, including foreign enfiiy ("Funding Parties"), with the understanding, whether recorded In wrhlng or otherwise, that the Company shall, whether, directly or indirectly, lend or invest in other persons or entitles Identified In any manner whatsoever by or on behalf of the Funding Party ("Ullimate 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 lo our notice (hat has caused us to believe lhal the representations under sub-clause (i) and (ii) of Rule 11(e), as

provided under (a)and (b) ebove. contain any material misstetemenl. v. (a) 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.

(b) As stated in Note 12 (I) to (ha financial statements, the Board of Directors of ihs Company have proposed final dividend for the year which is subject to the approval of the members at the ensuing Annual General Meeting. The amount of dividend proposed is in accordance with Section ^ 23 of the Act, as applicable, vi Based on our examination which included test checks, the Company has used an accounting software for maintaining its bocks of accounts for the financial year ended March 31,2024 which has a feature of recording audit trail (edi< log) facility and the same has operated throughout the year for all relevant transactions recorded in the software. Further, during (he course of our audil we did nolooms across any instance of audil trail feature being lam pared with

As proviso to Rule 3(1) of the Companies (Atxcunls) Rules, 2014 is applicable from April 1.2023 reporting under Rule 11 (g) of Companies (Audit and Auditors) Rules, 2014 on preservation of audit trail as per the slalutory requirements for record retention is net applicable for the financial year ended March 31.2024.

For Kapoor Tandon & Co.,

Chartered Accountants Firm Registration NO.000952C

(Divyank Nigam)

Partner

Place; Kanpur M, No, 436443

Date: 30.05,2024 UD!N:2443&443BKAVJX9465