INDEPENDENT AUDITORS’ REPORT FORMAT FOR A PRIVATE COMPANY

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PHONE : 2287-12345678 FAX : 91-033-12345678 E-mail : abcd@vsnl.ne1 8C, MIDDLETON STREET FLAT NO. 5 (22ND FLOOR) KOLKATA-700001 INDEPENDENT AUDITORS’ REPORT FORMAT FOR A PRIVATE COMPANY   INDEPENDENT AUDITORS’ REPORT TO THE BOARD OF DIRECTORS OF STABNET & CO. LIMITED   Report on the Financial Statements   We have audited the accompanying consolidated financial statements of STABNET & CO. LIMITED (“the Company”) and its subsidiaries which comprises the consolidated Balance sheet as at March 31, 2026, and the consolidated Statement of Profit and Loss and the consolidated Cash Flow Statement for the year then ended and a summary of significant accounting policies and other explanatory information. Management’s Responsibility for the Consolidated Financial Statements Management is responsible for the preparation of these consolidated financial statements that give a true and fair view of the consolidated financial position, consolidated financial performance and consolidated cash flows of the Company in accordance with the accounting principles generally accepted in India. This responsibility includes the design, implementation and maintenance of internal control relevant to the preparation and presentation of the consolidated financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our audit in accordance with the Standards on Auditing issued by tile Institute of Chartered Accountants of India. Those Standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, in making those risk assessments, the auditor considers internal control relevant to the Company’s preparation and presentation of the consolidated financial statements that give a true and fair view in order to design audit procedures that are appropriate in the circumstances. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of the accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion in our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the reports of the other auditors on the financial statements of the subsidiaries as noted below, the consolidated financial statements give a true and fair view in conformity with the accounting principles generally accepted in India:- a)    in the case of the consolidated Balance Sheet of the state of affairs of the Company as at 31st March, 2026;

A. B. GUPTA & CO. CHARTERED ACCOUNTANTS KOLKATA ♦ NEW DELHI

b)    in the case of consolidated Statement of Profit and Loss, of the Profit for the year ended on that date; and c)    in the case of consolidated Cash Flow Statement, of the Cash Flows for the year ended on that date. Matter of Emphasis Without qualifying our opinion, we draw attention to: a)    Notes 2.10 - Note 3 regarding addition during the year of plant and machinery and Buildings. b)    Notes 2.27(B) - Note 12 regarding certain transactions of purchase and sales of goods have been directly effected through party accounts.   Other Matter We did not audit the financial statements of subsidiaries, whose financial statements reflect total assets(net) of Rs.1975.87 lacs as at 31st March,2026, total revenues amounting to Rs.Nil and net Cash outflows amounting to Rs.0.10 lacs for the year then ended. These financial statements have been audited by other auditors whose reports have been furnished to us by the Management, and our opinion is based solely on the reports of the other auditors. Our opinion is not qualified in respect of this matter.

For A. B. GUPTA & CO.                                                                                            Chartered  Accountants

Date-28thMay,2026

A B Gupta, Partner Membership No. 21212

 

 

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