We have audited the accompanying standalone financial statements of Sailani Tours N
Travels Limited (formerly called Sailani Tours N Travels Private Limited) <

Company' ), which compnse the Balance Sheet as at March 31, 2024 and the Statemen o
Profil and Loss and the statement of cash flows for Ihe year then ended, and notes to the
standalone financial statements, including a summary ot 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 y
Companies Act 2013 (‘Act') in the manner so required and give a true an air vi
“y Wilh the accounting principles generally accepted In India of the s.ai o adair o,
the Company as at March 31,2024 its profit and cash flows for the year ended on t

Basis for opinion

we conducted our audit of the standalone financial statements in accordance mth tte
Standards on Auditing (SAs) specified under section 143 (10) of the Companies Act _
Our responsibilities under those Standards are further described
Responsibilities for the Audit of the standalone financial statements section of our repo
We are independent of the Company in accordance with the Code of Ethics issued I by e
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 Act
a he Rules .hereunder and we have fulfilled ou, other ethical
accordance with these requirements and the Code of Ethics We believe ha^the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our op

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 for the financial year ended
March 31 2024 These matters were addressed in the context of our audit of the finance
statements as a whole, and in forming our opinion thereon, and we ^ ^ Pr^ide a
separate opinion on these matters. For each matter below, our description of how our aud
addressed the matter is provided in that context

We have determined the matters described below to be the Key audit matters to be
communicated in our report We have fulfilled the responsibilities ctescr.be.n Ithe_Au*is
responsibilities for the audit of the financial statements section of our report
relation to these matters Accordingly, our audit included the performance of procedu
designed to respond to our assessment of the risks of material misstatement of ^ ^ncal
statements The results of our audit procedures, including the procedures performed to
address the matters below, provide the basis for our audit opinion on the accompanying
financial statements.

information other than the Standalone Financial Statements and Auditor's Report
thereon

The Company’s Board of Directors is responsible for the preparation of the other information
The other information comprises the information included in the Board s Report including
Annexures to Board's Report, but does not include the standalone financial statements and

our auditor's report thereon , . , .. ,

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 financial statements or our knowledge obtained during the
course of our audit or otherwise appears 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 that fact. We have nothing to report in this regard.

Responsibilities of Management and Those Charged with Governance for the
Standalone Financial Statements

The accompanying standalone financial statements have been approved by the Company's
Board of Directors The Company’s Board of directors are responsible for the matters stated
in section 134 (5) of 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 and
standalone 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 maintenance of adequate accounting records in
accordance with thl 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 an
prudent; and design, implementation and maintenance of adequate internal fmancia
controls, that were operating effectively for ensuring the accuracy and completeness of the
accounting records, relevant to the preparation and presentation of the financial statement
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, 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 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 era,
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 fro
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
these standalone financial statements

As part of an audit in accordance with Standards on Auditing, specified under section
143(10) of the Act we exercise professional judgement 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 invo ve
collusion, forgery, intentional omissions, misrepresentations, or the override o

internal control;

. Obtain an understanding of internal control relevant to the aud.t in order r to. design
audit procedures that are appropriate in the circumstances Under section 143(3X0 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 appropnateness 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 ex.sts related to events or conditions that may cast sign,f,cant 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 auditors report to the
related disclosures in the standalone financial statements or, if such disclosures are

Ý 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, and

• Evaluate the overall presentation, structure and content of the standalone financial
statements, including the disclosures, and whether the 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

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 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 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 for
the financial year ended March 31. 2024 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 of India in terms of sub-section (11) of section 143 of the Act.
we give in the “Annexure 1" 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 purposes of our audit of the
accompanying standalone financial statements;

(b) In our opinion, proper books of account as required by law have been kept by the
Company spf a r as it appears from our examination of those books;

(c) The Balance Sheet, the Statement of Profit and Loss and the Statement of the Cash
Flow Statement dealt with by this Report are in agreement with the books of account

(d) In 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, as amended from time to;

(e) On the basis of the written representations received from the directors as on 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 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 and the operating effectiveness of such controls, refer to our
separate Report in "Annexure 2" to this report;

(g) With respect to, the other matters to be included in the Auditor's Report in
accordance with the requirements of section 197 (16) of the Act, as amended. In our
opinion and best to our information and according to the explanations given to us the
remuneration paid by the company during the year is in accordance with the
provisions of Section 197 of the Act.

(h) Wth 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, as amended in our
opinion and to the best of our information and according to the explanations given to
us:

i The Company has no pending litigations which impact its financial position in its
standalone financial statements as at 31 March 2024;

ii. The Company did not have any long-term contracts including derivative
contracts for which there were any material foreseeable losses as at 31 March

2024,

iii. There were no amounts which were required to be transferred, to the Investor
Education and Protection Fund by the Company during the year ended 31
March 2024:

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 other sources or kind of funds) by the
company to or in any other person(s) or entity(ies), including foreign entities
(“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

Y r\

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 have been received by the company from any person(s) or
entity(ies), including foreign entities (“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; and

c) Based on such audit procedures that were 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 (a) and (b)
contain any material misstatement.

v The Company has not declared any dividend during the year, so reporting under
this clause for the compliance with section 123 of the Companies Act, 2013, is
not applicable

vi Based on our examination which included test checks, the company has used an
accounting software for maintaining its books of account which has a feature of
recording audit trail (edit log) facility and the same has operated throughout the
year for all relevant transactions recorded in the software.

Further, during the course of our audit we did not come across any instance of
audit trail feature being tampered with in respect of the accounting software
where such feature is enabled

As the proviso to Rule 3(1) of the Companies (Accounts) Rules 2014 is
applicable from 1 April 2023. reporting under Rule 11(g) of the Companies (Audit
and Auditors) Rules 2014 on preservation of audit trail as per requirements for
record retention is not applicable for the financial year ending 31 March 2024

For P. Mukherjee & Co

Chartered Accountants

ICAI Firm Registration Number: 0304143E

Pallab Sen

Partner

Membership Number:065033

Place Kolkata

Date 29 May, 2024 '\s

UDIN 24065033BKEXIG7850