Independent Auditor's Examination Report on Restated Summary Statements

2024^{1thC rcSW,Pd SUmmary 6latemcn,B of} “^5Sct9 Abilities as at March 31, 20.4, -023 and 2022, summary statements of profits and losses (including other comprehensive

MarcTs 1 ."T *" **"** ^{for each of thc} >'«^K «"dcd

March 31,2024 20-3 and 2022 of Ganesha Ecoverse Limited (Formerly known as “SVP Housing

Limited } (collecuvcly, the “Restated Summary Statements”)

To.

Thc Board of Directors,

Ganesha Ecoverse Limited

(Formerly Known as SVP Housing Limited)

P3-211, Second Moor, Central Square. 20,

Manohnr I-nl Khuram Marg, Bara Hindu Rao, Delhi - 110006

Dear Sir;/ Madam,

¹ fFl!^k,^XS^{ninCd fhe} aivlu ^{RcStatcd Summar}y Statements of Ganesha Ecoverse Limited (Formerly Known as SVP Housing Limited”) annexed to this report and prepared bv the

Company for the purpose of inclusion in the Lena of Offer in connection with its Right Issue.

, ^{, CStat}f^d ST^muy ^S,atcmcnts* ^{whlch hav}* been approved bv thc Board of Directors of thc

Company, have been prepared by thc Company in accordance with thc requirements of:

2. Section 26 of Pan I of Chapter III of thc Companies Act. 2013 (the “Act")

^b' ““T ?r^d °^f •** Disclose Requirements)

Regulations, 20 IS as amended from time to time in pursuance of provisions of Securities and Exchange Board of India Act. 1992 ("ICDR Regulations"); and

c. The Guidance Note on Reports in Company Prospectuses (Revised 2019) issued by the Guidance Nott“ “'⁸ °^f '^nd" <"^1C*^r* ” “““W ft™» « » untc (the

Managements’ Responsibility for the Restated Summary Statements:

2. The Management of Company is responsible fo: the preparation of the Restated Summary Statements for the purpose of inclusion in the Offer documents to be filed with Securities and exchange Board of India, Registrar or Companies, Delhi and Haryana and die Stock Exchange m connection with the proposed Right Issue, 'lire responsibilities of thc Management of the Company includes designing, implementing, and maintaining adequate internal control relevant to the preparation and presentation of thc Restated Summary Statements. The Board of Directors

;~^C ‘°*identifying and ensuring that thc Company complies with thc Act. ICDR Regulations and me Guidance Note.

Q V/f......

Auditors' Responsibilities

3. We have examined such Restated Summary Statements talung into comddetanon:

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^b' Se^G«n?*“,^U^V!r^dI“'r “‘^|uirci *f* ” W"plrwill, .he ethical rt<|turements of tht . th.es issued by the Institute of Chartered Accountants of India (ICAI);

*• S°“^Cd^P" “^{f d,}“^l“ ”^d Ý“““Ý% » »^b“in reasonable assurance based on venficauon Oi CV lucncc supporting the Restated Summary Statements: and

^d' °^{f SeCd}"^{n 26} °^{f AC}‘ “^nd "* ^,CDR ****** Our work was

^t^' cSrr ? •“"“VT. i» ^hon ,o your compbance

hsl ’ ^{ICDR R=}«^Ul*^0O“ “"^d ““ ^GuRk"« Note in eonneedon with the Right

Restated Summsuy Statements as pet audited Financial Statements

4. Them Restated Summarr Statements have been compiled by the management of the Company

*' °^f'*^{C f}“ *' “^d'^{d M}«^{h 31} ݲ⁰²⁴ »«cb have

nte^eSsT a c “T"/ *“⁰*^J««* with the Indian Accounting Standards «

, l T°° ' ^A“ ^{rad M,h b,dian} Accounting StantJds Rules 2015

\S"Whth ha ^d h *“*“”“?* T'’** ^gCnC“^tty “^CCP"^{d in ln<fcl} Netted to as -fad 2^4 ° ^apPr°^{VCd b>}’ *' ^B”'^d o^f Divots a. their mceuig held on May 30.

^b- ^Au*'^d. ^F“”"^cial Statements of the Company for the yearn ended on Man* 31 >023 and

2£ "^uh ^^{accouncn8 pdncip}"^!

S y*~. ^Cyr^{l 1} ,r thV^cIc!^{ant timc 35} P^r<-‘^scnbcd under Section 133 of the Ac, read

th^R? T rn ^COUDtUlgu ^ ^{Ru,CS 2021 as} ^nded, Which have been approved the Board of Drrcctors at char meeting held on May 30.2023 and May 30.2022 respectively

M reh ^ in forma non for the yoZZZt

March 31. 202.3 and 2022. mduded in such Indian GAAP financial sJcmcTtsZZ

.nfoSmnn⁵^ ^mC"^SUr<:^InC"^t P“P¹** ^a{ ,nd AS and has included such adjusted flnancra!

^c— ^f» -—

5. For the purpose of our examination, we have relied on

a. Auditor's Report issued by us dated May 30, 2024 on Financial Statements of die Company as at

v/ v^ ^<0dBd ^ ^3I* ^{2U24 and ,hc audit rc}P^om^ by the previous auditor, ^C°^mpan>’ ^{for dlc} >'^{ear cndcd} March 31. 2023 dared May 30. 2023 and M/s Ki ML & Associates for the year ended March 31. 2022 dated May 30. 2022 as referred in Paragraphs 4 (a) and (b) above.

b. There were no qualification* in the Audit Reports issued by us and by previous auditor for the years ended on March 31 2024. 2023 and 2022 which would require adjustments in this Restated nummary statements of the Company.

c. Based on the above and in accordance with the requirements of Section 26 of Pan 1 of Chapter

ot the Act read with, the ICDR Regulations and the Guidance Note and based on our examination and according to the information and explanations given to us. wc .epon that

i- The Restated Summary Statement of the Company, as attached to this report read with the oasis of preparation and respective Significant Accounting Policies given in Note U of Resulted Summary^Statements as described in paragraph 1 have been prepared in accordance with die Act, ICDR Regulations, and Guidance Note.

Ihc Restated Summary Statements has been prepared after incorporating adjustments, if any. tor the changes in accounting policies and regrouping/ reclassifications to reflect die same accounting treatment in the respective financial year to which they relate, i. There were no qualifications in Auditor’s Report on the Audited Financial Statements of the Company for the year ended March 31. 2024. March 31 2023 and 2022 which require anv adjustments to the Restated Summary Statements and

6. Wc have not audited the any financial statements of the Company as of any date or for anv period subsequent to March 31,2024. Accordingly, the Restated Summary Statements do not reflect the utects or events that occurred subsequent to the audited financial statements mentioned in paragraph 4 above.

i. I his report should not in any way be construed as a rcisjuance or re dating of any of die previous audit reports issued by us or the previous auditors, nor should this report be construed as a new opinion on any of the financial statements referred to herein.

K VVc have no responsibility to update out report fox events and circumstances occurnng after the date of die report.

9. Our report is inrended solely for use of the Board of Directors for inclusion in the Offer documents to be filed with .Securities and Exchange Board of India, the Stock Exchanges and Registrar of Companies, Delhi and Haryana in connection with the proposed Right Issue. Our report should not be used, referred to, or distributed for any other purpose except with our prior consent in writing. Accordingly, we do not accepr or assume any liability or any duty ofczrc for any other purpose or to any other person to whom rhis report is shown or into whose hands it may come without our prior consent in writing.

For Rajiv Mehrotra & Associates,

Chattered Accountants,

ICAI Firm Reg. No.: 002253C Peer Review Certificate No: 016310

**T?\m:s2C/z •

Shivani Yadav Partner

Membership No: 451408

UDIN: 24451408BKEOBF8136

Place: Kanpur

Date: 30^u,Mav2024 0