DEFRAIL TECHNOLOGIES LIMITED

TECNOLOGIES, LIMITED

CIN: L30204HR2023PLC115548

REG. OFF: PLOT NO 180, SECTOR-24

FARIDABAD, HARYANA, INDIA, 121005

E-MAIL: [email protected]

PHONE NO: 0129 - 487 8760

Date: 25 May, 2026

To,
The Manager Listing
BSE Limited
5th Floor, P.J. Towers,
Dalal Street,
Mumbai-400001

Subject: Rectification of Discrepancies in Consolidated Audit Report for FY 25-26.

This is with reference to your email dated May 22, 2026, regarding the discrepancy observed in the Audit Report of Consolidated Financial Results of Defrail Technologies Ltd (544677) for the year ended March 2026.

We acknowledge the error in the Auditor's Report where the period was incorrectly mentioned as September 30, 2025. We have rectified this discrepancy and uploading the corrected PDF.

Kindly take the above information on your records.

Thanking You,
For Defrail Technologies Limited
Vivek Aggarwal
Date: 2026.05.25
15:03:51 +05'30'

Vivek Aggarwal
Managing Director
DIN: 09249636

Encl: As above

INDIA

Shiv & Associates

Chartered Accountants

Add.: Shop No. 67, Basement, Sec-10

Market, Faridabad, Haryana-121006

Mob.: 8920913092

Independent Auditor's Report

To the Members of
DEFRAIL TECHNOLOGIES LIMITED

Report on the Audit of the Standalone Financial Statements for the year ended 31st March 2026

Opinion

We have audited the accompanying Standalone financial statements of DEFRAIL TECHNOLOGIES LIMITED ('the Company'), which comprise the Balance Sheet as at March 31, 2026 and the Statement of Profit and Loss (Including Other Comprehensive Income), the statement of changes in equity and the statement of cash flows for the year then ended, and notes to the financial statements, including a summary of the material 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 ("the Act") in the manner so required and give a true and fair view in conformity with the Indian Accounting Standards prescribed under Section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015, as amended, ("Ind AS") and other accounting principles generally accepted in India, of the state of affairs of the Company as at 31st March 2026, and its profit, total comprehensive income, its cash flows and the changes in equity 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 ("the Act"). 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.

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, and we do not provide a separate opinion on these matters. We have determined that there are no such key Audit Matters to be reported.

Corp. Off.: 113-114, Naurang House, 21 K.G. New Delhi - 110001, INDIA, Tel.: +91-11-41510116, 42740080, E-mail: [email protected]

Other Information

The Company's management and Board of Directors are responsible for the other information. The other information comprises the information included in the Company's annual report, but does not include the financial statements and our auditors' report thereon.

Our opinion on the 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 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 in the 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.

Responsibility of Management for 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 financial statements that give a true and fair view of the financial position, financial performance 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 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 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, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant for the preparation and presentation of the financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, Management and 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 management either intends to 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 Statement

Our objectives are to obtain reasonable assurance about whether the 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 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 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

SANTA BARBARA
FARIDABAD

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)(i) of the Companies Act, 2013, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements 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 ability of the company 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 financial statements or if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidences 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 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, 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 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, 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

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 "Annexure A" a statement on matters specified in the paragraph 3 and 4 of the order for the company, to the extent applicable.

As required by Section 143(3) of the Act, based on our audit 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.

(b) In 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, Cash flow statement and notes to financial statements dealt with by this Report are in agreement with the relevant books of accounts.

(d) In our opinion, the aforesaid 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 representations received from the directors, as on 31st March 2026, taken on record by the Board of Directors and the report of the statutory auditors, none of the directors of the company is disqualified as on 31st March 2026 from being appointed as a director in terms of Section 164 (2) of the Act.

(1) With respect to adequacy of the internal financial controls over financial reporting of the company and the operative effectiveness of such controls, refer to our separate report in "Annexure B". Our report expresses an unmodified opinion on adequacy and operative effectiveness of the Company's internal financial controls over financial reporting.

(g) The company being a public limited company, the other matters to be included in Auditor's Report in accordance with requirements of Section 197 (16) of the Act, as amended, in respect of whether the remuneration paid by Company to its directors during the year is in accordance with the provisions of Section 197 of the Act is applicable; and

(h) 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 has disclosed the impact of pending litigations on its financial position in its financial statements — Refer Note 2.24 under the heading of "Contingent Liabilities & Commitments" to the financial statements.

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

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

iv) (a) The respective Management of the Company have represented to us that, to the best of their knowledge and belief, 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, 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.

FARIDABAD

(b) The respective Management of the Company have represented to us that, to the best of their knowledge and belief, no funds (which are material either individually or in the aggregate) have been received by the Company or any of such subsidiaries from any person or entity, including foreign entity ("Funding Parties"), with the understanding, whether recorded in writing or otherwise, that the Company or any of such subsidiaries shall, 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 the audit procedures that have been 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) above, contain any material misstatement.

v) There is no dividend declared or paid during the year by the company.

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.

For Shiv & Associates
Chartered Accountants
Firm's Registration No. :009989N

CA Abhishek Vashisht
Partner
M.No-526307
UDIN: 26526307ZPJVKE9575
Place: Faridabad
Date: 20-05-2026

ANNEXURE 'A' TO THE INDEPENDENT AUDITOR'S REPORT

(Referred to in paragraph 1 under 'Report on Other Legal and Regulatory Requirements' section of our report to the Members of DEFRAIL TECHNOLOGIES LIMITED of even date)

To the best of our information and according to the explanations provided to us by the Company and the books of account and records examined by us in the normal course of audit, we state that:

In respect of its Property, Plant & Equipment and Intangible assets:

a) (A) The company has maintained proper records showing full particulars including quantitative details and situation of Property, Plant & Equipment.

b) (B) The company has maintained proper records showing full particulars of Intangible Assets.

c) In our opinion, the Property, Plant & Equipment have been physically verified by the management at reasonable intervals, having regard to the site of the company and the nature of its assets. No material discrepancies were noticed on such verification.

d) According to the information and explanations given to us and on the basis of our examination of the records of the company, the title deeds of immovable properties (other than immovable properties where the company is the lessee and the lease agreements are duly executed in favor of the lessee) disclosed in the financial statements are held in the name of the Company.

e) Based on our examination of records and according to the information and explanations given to us, the Company has not revalued any of its Property, Plant and Equipment including right-of-use assets during the year.

f) According to the information and explanations given to us and on the basis of our examination of the records of the company, there have been no proceedings initiated or pending against the company for holding any benami property under the Benami Transaction (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

a) In our opinion and according to the information and explanations given to us, inventory has been physically verified at reasonable intervals and the coverage and procedure of such verification by the management is appropriate and no discrepancy of 10% or more in aggregate in any class of inventory was noticed during the physical verification.

b) According to the information and explanations given to us and on the basis of our examination of the records of the Company, the Company has been sanctioned working capital limits in excess of five crore rupees, in aggregate, from banks on the basis of security of current assets. In our opinion, the quarterly returns or statements filed by the Company with such banks are in agreement with the books of account of the Company.

According to the information and explanations provided to us and based on our examination of the records of the Company, the Company has granted loans to its subsidiary during the year. These loans have been duly recorded in the books of account maintained by the Company, and all relevant documents, agreements, and approvals relating to these loans have been made available for our verification. The loans granted are reflected appropriately in the Company's financial statements in accordance with the applicable accounting standards and statutory provisions.

SANTA ASSOCIATES FARIDABAD

According to the information and explanations given to us, the company has complied with the provisions of section 185 and 186 of the Act, with respect to the loans, investments, guarantees and security.
According to the information and explanations given to us, the company has not accepted any deposits during the year, hence reporting under this clause is not applicable to the company.
The Company is not required to maintain cost records under Section 148(1) of the Companies Act, 2013 for the products and services of the Company. Accordingly, reporting under Clause 3(vi) of the Companies (Auditor’s Report) Order, 2020 is not applicable.
a) According to the information and explanation given to us and on the basis of our examination of the records, company is generally regular in depositing undisputed statutory dues including Goods and Service Tax, Provident Fund, Employees’ State Insurance, Income Tax, duty of customs, cess and any other material statutory dues to the appropriate authorities. There is no undisputed statutory due which is outstanding for more than six months from the date they become payable.

b) According to the information and explanation given to us, there are no dues as referred to in sub clause (a) which have not been deposited by the Company on account of disputes.

According to the information and explanation given to us and on the basis of our examination of records of the company, the company does not have any transactions which have been surrendered or disclosed as income during the year in any tax assessment hence, reporting under this clause is not applicable to the Company.
a) According to the information and explanation given to us and on the basis of our examination of records of the company, the company has not defaulted in repayment of the loans or other borrowings or in the payment of interest thereon to any lender during the year.

b) The Company has not been declared willful defaulter by any bank or financial institution or other lender.

c) The Company has utilized the loan obtained for the purpose for which they were obtained.

d) As per management the Company has not utilized its fund raised on short term basis for the long-term purposes.

e) According to the information and explanations provided to us and based on our examination of the records of the Company, the Company has not taken any loans or borrowings from its subsidiary, joint venture, or any other related party during the year. Accordingly, reporting under Clause 3(ix)(f) of the Companies (Auditor’s Report) Order, 2020 is not applicable.

a) In Our Opinion and According to the Information and Explanations given to us, the company has not raised any money by way of initial public offer or further public offer (including debt instruments) during the year. Accordingly, paragraph 3 (x) (a) of order not Applicable.

(b) During the year, the Company has not made any preferential allotment or private placement of shares or convertible debentures (fully or partly or optionally) under section 42 and section 62 of the Companies Act,

FARIDABAD

a) According to the information and explanation given to us, no material fraud by the Company or on the Company by its officers or employees has been noticed or reported during the course of audit.

b) According to the information and explanations given to us, no report under sub-section (12) of Section 143 of the Companies Act, 2013 has been filed by the auditors in Form ADT-4 as prescribed under Rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government.

c) The company has not received any whistle blower complaints during the year. Accordingly, reporting under this clause is not applicable.

In our opinion and according to the information and explanation given to us, the Company is not a Nidhi company as per the Act. Accordingly, paragraph 3(xii) of the Order is not applicable to the company.
According to the information and explanations given to us and based on our examination of the records of the Company, transactions with the related parties are in compliance with sections 177 and 188 of the Act where applicable and details of such transactions, as required by the applicable accounting standards, have been disclosed in the financial statements.
According to the information and explanations provided to us and based on our examination of the records of the Company, the provisions of internal audit under Section 138 of the Companies Act, 2013 are not applicable to the Company, as it does not fall within the prescribed thresholds of turnover and borrowings. Accordingly, reporting under Clause 3(1.iv) of the Companies (Auditor’s Report) Order, 2020 is not applicable.
According to the information and explanations given to us and based on our examination of records the company, the company has not entered into non-cash transactions with directors or persons connected with them. Accordingly, paragraph 3(xv) of the Order is not applicable to the company.
a) In our opinion and according to the information and explanations given to us, the company is not required to register under section 45-IA of the Reserve Bank of India Act, 1934. Accordingly, clause 3(xvi)(a) of the Order is not applicable.

b) The company is not required to register under section 45-IA of the Reserve Bank of India Act, 1934. Accordingly, clause 3(xvi)(b) of the Order is not applicable.

c) The company is not a Core Investment Company (CIC) as defined in the regulations made by the Reserve Bank of India. Accordingly, clause 3(Avi)(c) of the Order is not applicable.

The company has not incurred any cash losses in the current and in the immediately preceding financial year.
According to the information and explanation provided to us and based on our examination of the records of the Company, we report that during the year under review, no statutory auditor has resigned from their position. The Company has maintained proper records in this regard, and there

SANTA ASSOCIATES FARIDABAD

are ho matters pertaining to auditor resignation that require disclosure under Clause 3(xviii) of the Companies (Auditor's Report) Order, 2020.

According to the information and explanations given to us and based on our examination of records the company and on the basis of financial ratios, ageing and expected dates of realization of financial assets and payment of financial liabilities, other information accompanying the financial statement, there is no material uncertainty exits on the date of audit report regarding the capability of company of meeting its existing liabilities and as and when they fall due within a period of one year from the balance sheet date.
According to the information and explanations given to us and based on our examination of the records of the Company, the provisions of Section 135 of the Companies Act, 2013 relating to Corporate Social Responsibility are not applicable to the Company. Accordingly, reporting under Clause 3(xx) of the Order is not required.
According to the information and explanations provided to us and based on our examination of the records of the Company, the Company has entered into transactions with its subsidiary during the year. These transactions have been properly recorded in the books of account maintained by the Company and are in accordance with the applicable provisions of the Companies Act, 2013.

For Shiv & Associates
Chartered Accountants
Firm's Registration No.:009989N

CA Abhishek Vashisht
Partner
M.No-526307
UDIN: 26526307ZPJVKE9575
Place : Faridabad
Date: 20-05-2026

ANNEXURE 'B' TO THE INDEPENDENT AUDITOR'S REPORT

(Referred to in paragraph 2 under 'Report on Other Legal and Regulatory Requirements' section of our report to the Members of DEFRAIL TECHNOLOGIES LIMITED of even date)

Report on the Internal Financial Controls under clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 ("the Act")

We have audited the internal financial controls over financial reporting of Defrail Technologies Limited("the Company") as of 31st March 2026 in conjunction with our audit of the financial statements of the Company for the year ended on that date.

Management's Responsibility for Internal Financial Controls

The Company's management is responsible for establishing and maintaining internal financial controls based on internal financial reporting criteria established by the company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India (ICAI). These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring orderly and efficient conduct of its business, including adherence to company's policy, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under Companies Act, 2013.

Auditor's Responsibility

Our responsibility is to express an opinion on the company's internal financial controls over financial reporting based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls over Financial Reporting (the "Guidance Note") and the standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued by the Institute of Chartered Accountants of India. Those Standards and Guidance note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively in all material aspects.

Our audit involves performing procedures to obtain audit evidence about adequacy of the internal financial controls system over financial reporting and their operating effectiveness. Our audit of internal financial controls over financial reporting included obtaining an understanding of internal financial controls over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and effectiveness of internal controls based on assessed risk. The procedures selected depend on the auditor's judgements, including the assessment of risk of material misstatement of the financial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company's internal financial controls system over financial reporting.

Meaning of Internal Financial Controls Over Financial Reporting

SAN & ASSOCIATES FARIDABAD

accepted accounting principles. A company's internal financial control over financial reporting includes those policies and procedures that:-

Pertaining to maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of assets of the company.
Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipt and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and
Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.

Inherent Limitations of Internal Financial Controls over Financial Reporting

Because of the inherent limitations of internal financial controls over financial reporting, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occurred and not be detected. Also, projections of any evaluation of the internal financial controls over financial reporting to future periods are subject to the risk that the internal financial controls over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Opinion

In our opinion, the Company has, in all material aspects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at 31st March 2026, based on the internal control over financial reporting criteria established by the company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India.

For Shiv & Associates
Chartered Accountants
Firm's Registration No.: 009989N

CA Abhishek Vashisht
Partner
M.No. 526307
UDIN: 26526307ZPJVKE9575
Place : Faridabad
Date : 20-05-2026

DEFRAIL TECHNOLOGIES LIMITED Registered Office. Plot No. 180, Sector-24, Faridabad, Haryana-121004. Website: www.defrailtech.in CIN: L30204HR2023PLC115548 STANALONE BALANCE SHEET AS AT 31st March, 2026
(₹ in Lacs)
Particulars	Note No.	As at 31st March, 2026 (Audited)	As at 31st March, 2025 (Audited)
I. EQUITY AND LIABILITIES
1 Shareholders' Funds
(a) Share Capital	2.1	702.44	516.36
(b) Reserves and Surplus	2.2	1,680.59	382.14
Total Shareholders' Fund		2,383.03	898.50
2 Non-Current Liabilities
(a) Long Term Borrowings	2.3	524.06	428.82
(b) Deferred Tax Liabilities (Net)	2.4	20.27	-
(c) Long Term Provisions	2.5	23.77	17.33
Total Non-Current Liabilities		568.10	446.15
3 Current Liabilities
(a) Short Term Borrowings	2.6	135.17	575.43
(b) Trade Payables
(i) Outstanding dues to micro and small enterprises	2.7	993.79	856.37
(ii) Outstanding dues to other than micro and small enterprises	2.7	547.63	240.43
(c) Other Current Liabilities	2.8	124.57	95.04
(d) Short Term Provisions	2.9	148.93	65.10
Total Current Liabilities		1,950.09	1,832.36
TOTAL EQUITY AND LIABILITIES		4,901.22	3,177.01
II. ASSETS
1 Non-Current Assets
(a) Property, Plant and Equipment and Intangible Assets
(i) Property, Plant and Equipment	2.10	1,227.87	1,128.54
(ii) Intangible Assets	2.10	-	-
(b) Deferred Tax Assets (Net)	2.11	-	22.69
(c) Non Current Investments	2.12	89.10	89.10
(d) Long term Loans & advances	2.13	-	-
(e) Other non-current assets	2.13	29.79	29.97
Total Non-Current Assets		1,346.76	1,270.30
2 Current Assets
(a) Inventories	2.14	1,661.50	706.84
(b) Trade Receivables	2.15	1,299.01	771.75
(c) Cash and Cash Equivalents	2.16	403.08	70.63
(d) Short-term loans and advances	2.17	-	-
(e) Other current assets	2.18	190.87	357.49
Total Current Assets		3,554.46	1,906.72
TOTAL ASSETS		4,901.22	3,177.01

Vivek Aggarwal

Digitally signed by Vivek Aggarwal Date:2026.05.25 15:04:41+05'30'

DEFRAIL TECHNOLOGIES LIMITED Registered Office. Plot No. 180, Sector-24, Faridabad, Haryana-121004. Website: www.defrailtech.in CIN: L30204HR2023PLC115548 STANDALONE PROFIT & LOSS FOR THE YEAR ENDING 31st MARCH, 2026
Particulars		Note No.	For half year ended 31.03.2026 (Unaudited)	For Half Year ended 30.09.2025 (Unaudited)	For Half Year Ended 31.03.2025 (Unaudited)	For the year ended 31.03.2026 (Audited)	For the year ended 31.03.2025 (Audited)
I. II.	Income:
	Revenue from Operations	2.19	4,107.61	3,896.84	3,279.39	8,004.45	6,176.78
	Other Income	2.20	10.85	0.08	1.01	10.93	1.01
III.	Total Income (I + II)		4,118.46	3,896.92	3,280.39	8,015.38	6,177.79
IV.	Expenses:
	Cost of Materials Consumed	2.21	2,983.42	2,698.24	2,400.01	5,681.66	4,212.88
	Changes in Inventories of Finished Goods & WIP	2.22	-511.11	-243.37	(387.21)	-754.48	-387.21
	Employee Benefits Expenses	2.23	661.78	566.10	436.71	1,227.88	791.82
	Finance Costs	2.24	48.74	41.42	54.44	90.16	103.84
	Depreciation and Amortization Expenses	2.10	45.74	35.15	31.34	80.89	62.69
	Other Expenses	2.25	555.40	541.35	528.60	1,096.75	1,006.78
V.	Total Expenses		3,783.97	3,638.89	3,063.90	7,422.86	5,790.79

VI.	Profit/(Loss) Before Tax (III-V)		334.49	258.04	216.50	592.52	386.99
VII.	Tax Expenses:
	(1) Current tax		82.61	66.32	65.05	148.93	65.05
	(2) Deferred tax		4.17	38.79	(29.98)	42.96	-29.98
(3) Provision for taxes of earlier years

VIII.	Profit/(Loss) After Tax (VI-VII)		247.71	152.93	181.43	400.63	351.93
IX.	Earnings per Equity Share:
	Basic (in 1)	2.27	7.26	2.96	6.82	7.26	6.82
	Diluted (in 1)	2.27	7.26	2.96	6.82	7.26	6.82
	Face Value of Equity Share (in 1)		10	10	400.63	10	400.63

Vivek Aggarwal

Digitally signed by Vivek Aggarwal

Date: 2026.05.25

15:05:00' +05'30'

Digitally signed by Vivek Aggarwal

Date: 2026.05.25

15:05:44 +05'30'

CA INDIA

Shiv & Associates
Chartered Accountants

Add.: Shop No. 67, Basement, Sec- 10
Market, Faridabad, Haryana-121006
Mob.: 8920913092

Independent Auditor's Report

To the Members of

DEFRAIL TECHNOLOGIES LIMITED

Report on the Audit of the Consolidated Financial Statements for the year ended 31st March 2026

We have audited the accompanying Consolidated financial statements of DEFRAIL TECHNOLOGIES LIMITED ('the Company'), which comprise the Balance Sheet as at March 31, 2026 and the Statement of Profit and Loss (Including Other Comprehensive Income), the statement of changes in equity and the statement of cash flows for the year then ended, and notes to the financial statements, including a summary of the material 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 Consolidated financial statements give the information required by the Companies Act, 2013 ("the Act") in the manner so required and give a true and fair view in conformity with the Indian Accounting Standards prescribed under Section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015, as amended, ("Ind AS") and other accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2026, and its profit, total comprehensive income, its cash flows and the changes in equity 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 ("the Act"). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Consolidated 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 Consolidated 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.

Key Audit Matters

Key audit matters are those matters that, in our professional judgment, were of most significance in our audit of the Consolidated financial statements of the current period. These matters were addressed in the context of our audit of the Consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. We have determined that there are no such key Audit Matters to be reported.

Other Information

CORP. OFF.: 113-114, Naurang House, 21 K.G. New Delhi - 110001, INDIA, Tel.: +91-11-41510116, 42740080, E-mail: [email protected]

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

Responsibility of Management for Consolidated Financial Statements

Those Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Responsibilities for the Audit of the Consolidated Financial Statement

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 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)(i) of the Companies Act, 2013, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements 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 ability of the company 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 financial statements or if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidences 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 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, 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 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, 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

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 "Annexure A" a statement on matters specified in the paragraph 3 and 4 of the order for the company, to the extent applicable.
As required by Section 143(3) of the Act, based on our audit 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.

(b) In 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, Cash flow statement and notes to financial statements dealt with by this Report are in agreement with the relevant books of accounts.

SAN & ASSOCIATES
FARIDABAD
INCORPORATED ACCOUNTANTS

(d) In our opinion, the aforesaid financial statements comply with the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014.

(f) With respect to adequacy of the internal financial controls over financial reporting of the company and the operative effectiveness of such controls, refer to our separate report in "Annexure B". Our report expresses an unmodified opinion on adequacy and operative effectiveness of the Company's internal financial controls over financial reporting.

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

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

iv)

(a) The respective Management of the Company have represented to us that, to the best of their knowledge and belief, 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, 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.

Party ("Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries: and

v) There is no dividend declared or paid during the year by the company.

For Shiv & Associates
Chartered Accountants
Firm's Registration No.:009989N

CA Abhishek Vashisht
Partner
M.No: 526307
UDIN: 26526307XFWHCU7393
Place: Faridabad
Date: 20-05-2026

ANNEXURE 'A' TO THE INDEPENDENT AUDITOR'S REPORT

(Referred to in paragraph 1 under ‘Report on Other Legal and Regulatory Requirements’ section of our report to the Members of DEFRAIL TECHNOLOGIES LIMITED of even date)

To the best of our information and according to the explanations provided to us by the Company and the books of account and records examined by us in the normal course of audit, we state that:

In respect of its Property, Plant & Equipment and Intangible assets:

a) The company has maintained proper records showing full particulars including quantitative details and situation of Property, Plant & Equipment.

b) The company has maintained proper records showing full particulars of Intangible Assets.

c) In our opinion, the Property, Plant & Equipment have been physically verified by the management at reasonable intervals, having regard to the size of the company and the nature of its assets. No material discrepancies were noticed on such verification.

a) In our opinion and according to the information and explanations given to us, inventory has been physically verified at reasonable intervals and the coverage and procedure of such verification by the management is appropriate and no discrepancy of 10% or more in aggregate in any class of inventory was noticed during the physical verification.

According to the information and explanations provided to us and based on our examination of the records of the Company, the Company has granted loans to its subsidiary during the year. These loans have been duly recorded in the books of account maintained by the Company, and all relevant documents, agreements, and approvals relating to these loans have been made available for our verification. The loans granted are reflected appropriately in the Company's financial statements in

accordance with the applicable accounting standards and statutory provisions.

According to the information and explanations given to us, the company has complied with the provisions of section 185 and 186 of the Act, with respect to the loans, investments, guarantees and security.
According to the information and explanations given to us, the company has not accepted any deposits during the year, hence reporting under this clause is not applicable to the company.
The Company is not required to maintain cost records under Section 148(1) of the Companies Act, 2013 for the products and services of the Company. Accordingly, reporting under Clause 3(vi) of the Companies (Auditor's Report) Order, 2020 is not applicable.
a) According to the information and explanation given to us and on the basis of our examination of the records, company is generally regular in depositing undisputed statutory dues including Goods and Service Tax, Provident Fund, Employees' State Insurance, Income Tax, duty of customs, cess and any other material statutory dues to the appropriate authorities. There is no undisputed statutory due which is outstanding for more than six months from the date they become payable.

b) According to the information and explanation given to us, there are no dues as referred to in sub clause (a) which have not been deposited by the Company on account of disputes.

According to the information and explanation given to us and on the basis of our examination of records of the company, the company does not have any transactions which have been surrendered or disclosed as income during the year in any tax assessment hence, reporting under this clause is not applicable to the Company.
a) According to the information and explanation given to us and on the basis of our examination of records of the company, the company has not defaulted in repayment of the loans or other borrowings or in the payment of interest thereon to any lender during the year.

b) The Company has not been declared willful defaulter by any bank or financial institution or other lender.

c) The Company has utilized the loan obtained for the purpose for which they were obtained.

d) As per management the Company has not utilized its fund raised on short term basis for the long-term purposes.

a) In Our Opinion and According to the Information and Explanations given to us, the company has not raised any money by way of initial public offer or further public offer (including debt instruments) during the year. Accordingly, paragraph 3 (x) (a) of order not Applicable.

b) During the year, the Company has not made any preferential allotment or private placement of shares

or convertible debentures (fully or partly or optionally) under section 42 and section 62 of the Companies Act,

a) According to the information and explanation given to us, no material fraud by the Company or on the Company by its officers or employees has been noticed or reported during the course of audit.

c) The company has not received any whistle blower complaints during the year. Accordingly, reporting under this clause is not applicable.

In our opinion and according to the information and explanation given to us, the Company is not a Nidhi company as per the Act. Accordingly, paragraph 3(xii) of the Order is not applicable to the company.
According to the information and explanations given to us and based on our examination of the records of the Company, transactions with the related parties are in compliance with sections 177 and 188 of the Act where applicable and details of such transactions, as required by the applicable accounting standards, have been disclosed in the financial statements.
According to the information and explanations provided to us and based on our examination of the records of the Company, the provisions of internal audit under Section 138 of the Companies Act, 2013 are not applicable to the Company, as it does not fall within the prescribed thresholds of turnover and borrowings. Accordingly, reporting under Clause 3(xiv) of the Companies (Auditor’s Report) Order, 2020 is not applicable.
According to the information and explanations given to us and based on our examination of records the company, the company has not entered into non-cash transactions with directors or persons connected with them. Accordingly, paragraph 3(xv) of the Order is not applicable to the company.
a) In our opinion and according to the information and explanations given to us, the company is not required to register under section 45-IA of the Reserve Bank of India Act, 1934. Accordingly, clause 3(xvi)(a) of the Order is not applicable.

b) The company is not required to register under section 45-IA of the Reserve Bank of India Act, 1934. Accordingly, clause 3(xvi)(b) of the Order is not applicable.

c) The company is not a Core Investment Company (CIC) as defined in the regulations made by the Reserve Bank of India. Accordingly, clause 3(xvi)(c) of the Order is not applicable.

The company has not incurred any cash losses in the current and in the immediately preceding financial year.
According to the information and explanations provided to us and based on our examination of the records of the Company, we report that during the year under review, no statutory auditor has resigned from their position. The Company has maintained proper records in this regard, and there are no matters pertaining to auditor resignation that require disclosure under Clause 3(xviii) of the Companies (Auditor's Report) Order, 2020.
According to the information and explanations given to us and based on our examination of records the company and on the basis of financial ratios, ageing and expected dates of realization of financial assets and payment of financial liabilities, other information accompanying the financial statement, there is no material uncertainty exits on the date of audit report regarding the capability of company of meeting its existing liabilities and as and when they fall due within a period of one year from the balance sheet date.
According to the information and explanations given to us and based on our examination of the records of the Company, the provisions of Section 135 of the Companies Act, 2013 relating to Corporate Social Responsibility are not applicable to the Company. Accordingly, reporting under Clause 3(xx) of the Order is not required.
According to the information and explanations provided to us and based on our examination of the records of the Company, the Company has entered into transactions with its subsidiary during the year. These transactions have been properly recorded in the books of account maintained by the Company and are in accordance with the applicable provisions of the Companies Act, 2013.

CA Abhishek Vashisht
Partner
M.No 526307
UDIN: 26526307XFWHCU7393
Place: Faridabad
Date: 20-05-2026

ANNEXURE 'B' TO THE INDEPENDENT AUDITOR'S REPORT
(Referred to in paragraph 2 under 'Report on Other Legal and Regulatory Requirements' section of our report to the Members of DEFRAIL TECHNOLOGIES LIMITED of even date)

Report on the Internal Financial Controls under clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 ("the Act")

We have audited the internal financial controls over financial reporting of Defrail Technologies Limited ("the Company") as of March 31, 2026 in conjunction with our audit of the financial statements of the Company for the year ended on that date.

Management's Responsibility for Internal Financial Controls

Auditor's Responsibility

Our responsibility is to express an opinion on the company's financial controls over financial reporting based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting (the "Guidance Note") and the standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued by the Institute of Chartered Accountants of India. Those Standards and Guidance note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls over financial reporting was established and maintained and if such controls operated effectively in all material aspects.

Meaning of Internal Financial Controls Over Financial Reporting

A company's internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal financial control over financial reporting includes those policies and procedures that:

Pertaining to maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of assets of the company.
Provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipt and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and
Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.

Inherent Limitations of Internal Financial Controls over Financial Reporting

Opinion

In our opinion, the Company has, in all material aspects, an adequate internal financial controls system over financial reporting and such internal financial controls over financial reporting were operating effectively as at March 31, 2026, based on the internal control over financial reporting criteria established by the company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India.

CA Abhishek Vashisht
Partner
M.No 526307
UDIN: 26526307XFWHCU7393
Place: Faridabad
Date: 20-05-2026

Digitally signed by Vivek Aggarwal Date:2026.05.25 15:06:29+05'30'

DEFRAIL TECHNOLOGIES LIMITED CONSOLIDATED CASH FLOW STATEMENT AS ON 31ST MARCH 2026 ( in lacs)
Particulars	For the half year ended 31.03.2026 (Audited)	For the year ended 31.03.2025 (Audited)
A Cash Flow from Operating Activities:
Net Profit/ (Loss) Before Tax	596.45	397.65
Adjustment for:
Depreciation	94.85	76.61
Finance Cost	90.89	105.05
Deferred tax adjustment	2.90	-
Provision for Gratuity	6.44	-
Revaluation Reserve	-	45.67
Operating Profit before Working Capital Changes	791.53	624.98
Adjustment for:
Inventories	(948.25)	(908.05)
Increase in Trade Receivables	(533.58)	(702.72)
Increase in Short term loans & advances	65.37	(138.79)
Increase in Other Non current assets	0.18	25.71
Increase in Trade Payable	444.38	762.64
Increase in Provisions	82.75	62.48
Increase in Other Current Liabilities	28.42	43.50
Cash Generated from Operations	(69.20)	(230.26)
Income Tax Paid	(148.93)	66.13
Net Cash from Operating Activities - A	(218.13)	(164.13)
B Cash Flow from Investing Activities
Purchase of Property, Plant and Equipment	(180.21)	(359.95)
Non current Investment	-	-
Purchase of Inventory in acquisition of business	-	(212.62)
Purchase of Trade Receivables in acquisition of business	-	(260.96)
Purchase of Short term loans & advances in acquisition of business	-	(150.21)
Purchase of other non current assets in acquisition of business	-	(36.29)
Purchase of Trade Payable & in acquisition of business	-	301.40
Purchase of Other Current Liabilities in acquisition of business	-	65.75
Purchase of Property, Plant and Equipment in acquisition of business	-	(784.86)
Purchase of Short Term Borrowings in acquisition of business	-	247.29
Purchase of Long Term Borrowings in acquisition of business	-	373.64
Purchase of Cash in acquisition of business	-	(57.23)
Net Cash from Investing Activities - B	(180.21)	(874.06)
C Cash Flow from Financing Activities
Proceeds (Received) of Equity Share Capital	186.08	511.36
Proceeds (Received) of Security premium	897.83	-
Proceeds of Long Term Borrowings	283.07	967.79
Interest	(90.89)	(105.05)
Repayment of Long Term Borrowings	(96.30)	(217.96)
Repayment of Short Term Borrowings	(440.79)	(45.50)
Net Cash from Financing Activities - C	738.99	1,110.64
Net Increase/(Decrease) in Cash & Cash Equivalents [A+B+C]	340.65	72.46
Cash and Cash Equivalents as at the beginning of the year	84.38	11.92
Cash and Cash Equivalents as at the close of the year	425.03	84.38
Net Increase/(Decrease) in Cash and Cash Equivalents	340.65	72.46
Note:
(a) Cash and Cash Equivalents consist of cash in hand and balances with banks. Cash and cash equivalent included in the cash flow statement comprise of following balance sheet amounts as per Note no. 2.14
Cash and Cash Equivalents	425.03	84.38
Other Bank balance (Fixed deposits)	-	-
Total	425.03	84.38
(b) The above cash flow statement has been prepared under the 'Indirect Method' as set out in Accounting Standard -3 on cash flow statement as notified under Companies (Accounting) Rules, 2014.
(c) Figures in brackets denote cash outflow.

Vivek Digitally signed by
Agga Vivek
rwal
Date:
2026.05.25
15:08:06
+05'30'

AI assistant

Defrail Technologies Limited Audit Report / Information 2026

60213_rns_2026-05-25_2b9e627b-1f46-4bfe-9b91-96871c56f1cc.pdf

Independent Auditor's Report

Opinion

Basis for Opinion

Key Audit Matters

Report on Other Legal and Regulatory Requirements

ANNEXURE 'A' TO THE INDEPENDENT AUDITOR'S REPORT

Management's Responsibility for Internal Financial Controls

Auditor's Responsibility

Meaning of Internal Financial Controls Over Financial Reporting

Inherent Limitations of Internal Financial Controls over Financial Reporting

Opinion

Independent Auditor's Report

Basis for Opinion

Key Audit Matters

Other Information

Responsibility of Management for Consolidated Financial Statements

Auditor's Responsibilities for the Audit of the Consolidated Financial Statement

Report on Other Legal and Regulatory Requirements

ANNEXURE 'A' TO THE INDEPENDENT AUDITOR'S REPORT

Report on the Internal Financial Controls under clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 ("the Act")

Management's Responsibility for Internal Financial Controls

Auditor's Responsibility

Meaning of Internal Financial Controls Over Financial Reporting

Inherent Limitations of Internal Financial Controls over Financial Reporting

Opinion

AI assistant

Defrail Technologies Limited — Audit Report / Information 2026

60213_rns_2026-05-25_2b9e627b-1f46-4bfe-9b91-96871c56f1cc.pdf

Independent Auditor's Report

Opinion

Basis for Opinion

Key Audit Matters

Report on Other Legal and Regulatory Requirements

ANNEXURE 'A' TO THE INDEPENDENT AUDITOR'S REPORT

Management's Responsibility for Internal Financial Controls

Auditor's Responsibility

Meaning of Internal Financial Controls Over Financial Reporting

Inherent Limitations of Internal Financial Controls over Financial Reporting

Opinion

Independent Auditor's Report

Basis for Opinion

Key Audit Matters

Other Information

Responsibility of Management for Consolidated Financial Statements

Auditor's Responsibilities for the Audit of the Consolidated Financial Statement

Report on Other Legal and Regulatory Requirements

ANNEXURE 'A' TO THE INDEPENDENT AUDITOR'S REPORT

Report on the Internal Financial Controls under clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 ("the Act")

Management's Responsibility for Internal Financial Controls

Auditor's Responsibility

Meaning of Internal Financial Controls Over Financial Reporting

Inherent Limitations of Internal Financial Controls over Financial Reporting

Opinion

More from Defrail Technologies Limited

Defrail Technologies Limited Audit Report / Information 2026