We have audited the Standalone financial statements of RUDRA GAS ENTERPRISE LIMITED ("the
Company"), which comprise the Balance Sheet as at 31st March 2025, the statement of profit and
loss, the Cash Flow Statement for the year ended March 31st 2025 and notes to the Standalone
financial statements, including a summary of significant accounting policies and other explanatory
information.

In our opinion and to the best of our information and according to the explanations given to us, the
aforesaid Standalone financial statements give the information required by the Companies Act,
2013 in the manner so required and give a true and fair view in conformity with the accounting
principles generally accepted in India, of the state of affairs of the Company as at March 31, 2025,
and its profit for the year ended on that date.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section
143(10) of the Companies Act, 2013. Our responsibilities under those Standards are further
described in the Auditor's Responsibilities for the Audit of the Standalone 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 together with the ethical requirements
that are relevant to our audit of the Standalone financial statements under the provisions of the
Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical
responsibilities in accordance with these requirements and the 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.

Emphasis of Matter

1) . We draw attention to Note 30 of the financial statements, wherein expenses amounting to
Rs.2.82 lacs pertaining to previous year have been disclosed as prior period taxes. Our opinion is not
modified in respect of this matter.

2) . We would like to draw attention to Note 33 of the standalone financial statements, which
discusses the show cause notices (SCNs) and order received by the Company (against which appeal
has been filled) from GST authorities concerning GST interest and penalties amounting to Rs. 35.10
lacs. The Company believes it has a strong case on merits regarding this matter. However, due to the
inherent uncertainty, the final outcome will only be determined upon the resolution of this issue.
Our conclusion remains unmodified in relation to this matter.

3). We would like to draw attention to Note 33 of the standalone financial statements, which
pertains to the intimation order received by the Company from the Deputy Director of Income Tax
regarding a tax liability amounting to Rs. 4.04 lacs. The Company believes it has a strong case on
merits concerning this matter. However, due to the inherent uncertainty, the outcome will be
determined upon the resolution of this issue. Our conclusion remains unmodified in relation to this
matter.

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance
in our audit of the 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.

Information Other than the Standalone financial statements and Auditor's Report Thereon

The Company's Board of Directors are responsible for the preparation of the other information. The
other information comprises the information included in Management Discussion and Analyses,
Board's Report including Annexure(s) to Board’s Report, Corporate governance and Shareholder
Information's but does not include Standalone 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.

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

In connection with our audit of the 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 or otherwise appears to be materially misstated.

When we read the annual report, if we conclude that there is a material misstatement therein, we
are required to communicate the matter to those charged with governance and take necessary
actions, as applicable under laws and regulations futher we are also required to report that fact.
But We have nothing to report in this regard.

Responsibilities of Management and Those Charged with Governance for the Standalone
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 financial
statements that give a true and fair view of the financial position, financial performance of the
Company in accordance with the accounting principles generally accepted in India, including the
accounting Standards 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 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 Standalone financial statements that give a true and fair
view and are free from material misstatement, whether due to fraud or error.

In preparing the Standalone financial statements, the 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 the Board of
Directors either intends to liquidate the Company or to cease operations, or has no realistic
alternative but to do so.

The 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 to obtain reasonable assurance about whether the 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 the aggregate, they could reasonably be 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:

• Identify 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, intentional omissions,
misrepresentations, or the override of internal control.

• Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances. Under section 143(3)(l) of the Companies
Act, 2013, we are also responsible for expressing our opinion on whether the company has
adequate internal financial controls 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 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.

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, wedeterminethat 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 of India in terms of sub-section (11) of section 143 of the Companies Act, 2013, 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. We have sought and obtained all the information and explanations which to the best of our
knowledge and belief were necessary for the purpose of our audit.

b. ln our opinion proper books of accounts 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 and the Cash Flow statement dealt with
by this Report are in agreement with the books of account;

d. ln our opinion, the aforesaid Standalone financial statements comply with the accounting
standards specified under section 133 of the Act, read with rule 7 of the Companies (Accounts)
Rules, 2014;

e. On the basis of the written representation received from the directors as on 31st March 2025
taken on records by the Board of Directors, none of the directors is disqualified as on 31st March
2025 from being appointed as a director in terms of Section 154(2) of the Act;

f. With respect to the adequacy of the internal financial controls with reference to Standalone
financial statements and the operating effectiveness of such controls, refer to our separate
Report in "Annexure-B" which is based on the auditor's reports of the company. Our report
expresses an unmodified opinion on the adequacy and operating effectiveness of internal
financial controls with reference to Standalone financial statements of those companies.

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. The Company does not have any pending litigations which would impact its financial
position.

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

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

a. The Management has represented that, to the best of its knowledge and belief, other
than as disclosed in notes to accounts, 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 attention 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.

iv.The Company has not declared any dividend during the year hence reporting under this
clause is not applicable.

For, Desai & Desai
Chartered Accountants
FRN: - 139459W

Place: Ahmedabad Hardik Desai

Date: 29/05/2025 (Partner)

UDIN: 25166613BMIEVH3223 MRN: - 166613