Patel Integrated Logistics Ltd — Audit Report / Information 2023

Feb 9, 2023

Digitally signed by AVINASH PAULRAJ DN: c=IN, postalCode=400078, st=MAHARASHTRA, street=ABHUDAYA BANK, E-13, CHETNA APT, S.P.S. MARG, MUMBAI, l=MUMBAI, o=Personal, serialNumber=042dc2ea2f8b17282d83ce4b26e140c 4063598f6186dab4840648926db9b8c21, pseudonym=120e944d15554a979ccb6d3b471b29b7

AVINASH

PAULRAJ

,

2.5.4.20=62adaf96970662209c30fa66608b6208f0cc2 7fd55df387ae3c77866e0361bbd, email=AVINASH.PAULRAJ@GMAIL.COM, cn=AVINASH PAULRAJ Date: 2023.02.09 13:10:16 +05'30'

HITESH SHAH & ASSOCIATES CHARTERED ACCOUNTANTS

Office No.208, 2nd Floor, Plot No.26, Shalimar Miracle, Opp. City Centre, Next to Sardar Patel Hall, Jawahar Nagar, Goregaon (W), Mumbai-400 062. Tel : 28745501 / 28744782. Mobile No. 98211 40636 Email : ca.hsa1988@gmail.com / hiteshshahansassociates@gmail.com

Independent Auditor’s Review Report

To the Board of Directors of Patel Integrated Logistics Ltd

1. We have reviewed the accompanying statement of unaudited financial results (the statement) of PATEL INTEGRATED LOGISTICS LTD (‘the company”) for the quarter ended December 31, 2022 and year to date from April 1, 2022 to December 31, 2022 (the statement) attached herewith, being submitted by the company pursuant to regulation 33 of the securities and exchange board of India (listing obligations and Disclosure requirements) Regulations, 2015.

2. This statement is the responsibility of the Company's Management and is subject to approval by the Board of Directors of the company at their meeting to be held on February 09, 2023. This statement has been prepared on the basis of the related interim financial statements in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 “Interim Financial Reporting” (“Ind AS 34”), prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on these financial statements based on our review.

3. We conducted our review in accordance with the Standard on Review Engagement (SRE) 2410 ‘Review on Interim Financial Statements performed by Independent Auditor of the Entity’, issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and an analytical procedure applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

4. Based on our review conducted as above nothing has come to our attention, that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable principles laid down in in Indian Accounting Standard 34 “ Interim Financial Reporting” (“Ind AS 34”), prescribed under section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and policies has disclosed the information required to be disclosed in the terms of the securities and exchange board of India (listing obligations and Disclosure requirements) Regulations, 2015, including the manner in which it is to be disclosed or that it contains any material misstatement.

For Hitesh Shah & Associates Chartered Accountants

Hiteshkumar Digitally signed by Hiteshkumar Manharlal Shah Manharlal Shah

(Hitesh Shah, Partner)

Mumbai

M. No. 040999

February 09, 2023