India's Largest Unclaimed Investments Retrieval Advisory Company

चाहिए सारे समाधान तो है Share Samadhan

Share Samadhan™

सारे समाधान

RECOVERY OF INVESTMENT & DEBTOR

Date: 14/05/2026

To,

Listing Department
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai - 400 001,
Maharashtra, India

Scrip Code: 544251
Scrip ID: SSL

Subject: Outcome of the Board Meeting held on 14th May,2026

Dear Sir/ Madam,

Pursuant to Regulation 30 and 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 hereby inform you that the meeting of the Board of Directors at its meeting held today i.e. Thursday, 14th May, 2026, interalia, discussed and approved the following business:

Approved Audited Financial Statements for the Year ended 31st March, 2026 and Results for the Half Yearly and Financial Year ended 31st March, 2026 along with the Auditor’s Report with unmodified opinions issued by Statutory Auditors of the Company.

In terms of the provisions of Regulation 33 of the Listing Regulations, we are enclosing herewith the copy of following:

Audited Standalone and Consolidated Financial Results for the half year and financial year ended March 31, 2026.
Auditors’ Report on Audited Standalone and Consolidated Financial Results for the half year and financial year ended March 31, 2026.
Declaration on Unmodified Opinion for the year ended March 31, 2026. (Annexure -I)

Share Samadhan Limited
CIN: L67190DL2011PLC2293C
Regd. Office: B-35, Lower Ground Floor, South Extension Park
[email protected] | 8800 33 2200 | v
Share Samadha
CIN: L67190DL20
Regd. Office: B-35, Lower Ground Floor, South E
[email protected] | 8800
चाहिए सारे समाधान तो है Share Samadhan
India's Largest Un
समाधान तो है Share Samadhan

India's Largest Unclaimed Investments Retrieval Advisory Company

चाहिए सारे समाधान तो है Share Samadhan

Share Samadhan

सारे समाधान

RECOVERY OF INVESTMENT & DEBTOR

Appointment of M/s Anuj Gupta and Associates as Secretarial Auditor for the financial year 2025-26. (Annexure -II)
Approved and Noted Statement of deviation and variation in use of issue raised through Initial Public Offering (IPO) and Warrant issue of the Company during the half year ended March 31, 2026, pursuant to Regulation 32 of the Listing Regulations. (Annexure – III)

The Board Meeting commenced at 02:00 P.M. and concluded at 3:45 P.M.

For, Share Samadhan Limited

PRAGYA BHANSALI
Digitally signed by PRAGYA BHANSALI
Date: 2026.05.14 16:01:26 +05'30'

Pragya Bhansali
Compliance Officer & Company Secretary

Encls : as above

Share Samadhan Limited

CIN: L67190DL2011PLC229303

Regd. Office: B-35, Lower Ground Floor, South Extension Part 2, New Delhi - 110049 (Bharat)

[email protected] | 8800 33 2200 | www.sharesamadhan.com

India's Largest Unclaimed Investment & Debtor Recovery Company

SHARE SAMADHAN LIMITED Registered Office: B-35, Lower Ground Floor South Extension, Part -2, New Delhi- 110049 CIN L67190DL2011PLC229303 E-Mail: [email protected]
Statement of Standalone Assets & Liabilities as at 31st March,2026 (Rs. In Lakhs except per share data)
	Particulars	As at 31.03.2026	As at 31.03.2025
A	EQUITY AND LIABILITIES
1	Shareholders fund
	a. Share Capital	1,227.01	1,227.01
	b. Reserve & Surplus	2,200.92	2,130.80
	c. Money Received Against Share Warrants	585.00
	Sub-Total Shareholders fund (A)	4,012.93	3,357.81
2	Non Current Liabilities
	a. Long-Term Borrowings	26.78	32.00
	b. Long-Term provision	14.65	30.31
	c. Deferred Tax Liability (net)
	Sub-Total Non Current Liabilities (B)	41.43	62.31
3	Current Liabilities
	a. Short-Term Borrowing	-	0.05
	b. Trade payables	-	-
	(i) total outstanding dues of micro enterprises	-	-
	and small enterprises	-	-
	(ii) total outstanding dues of Creditors other than Micro enterprises and small enterprises	5.96	3.31
	c. Other Current Liabilities	33.37	16.20
	d. Short-Term provision	2.18	1.73
	Sub-Total Current Liabilities (C)	41.51	21.29
	TOTAL EQUITY AND LIABILITIES (A+B+C)	4,095.87	3,441.41
B	ASSETS
1	Non-Current Assets
	a. Fixed Assets
	(i) Tangible assets	278.86	290.25
	(ii) Intangible assets	29.15	42.66
	(iii) Advance against property	-	-
	(iv) Capital work in progress	533.78	240.00
	b. Non-Current Investments	113.32	113.32
	c. Deferred Tax Assets (net)	9.75	5.50
	d. Other Non-Current Assets
	Sub-Total Non Current Assets (A)	964.87	691.73
2	Current Assets
	a. Inventories	0.64	0.49
	b. Trade Receivables	540.93	318.96
	c. Cash & Cash Equivalents	1,084.16	1,635.45
	d. Short Term loans and advances	1,406.59	704.40
	e. Other Current Assets	98.67	90.38
	Sub-Total Current Assets (B)	3,131.00	2,749.68
	TOTAL ASSETS (A+B)	4,095.87	3,441.41

For Share Samadhan Limited

Abhay Kumar Chandalia
(Managing Director)
DIN No: 01775323
Delhi
Date: -14/05/2026

SHARE SAMADHAN LIMITED

Registered Office: B-35, Lower Ground Floor South Extension, Part -2, New Delhi-110049
CIN - L67190DL2011PLC229303
E-Mail: [email protected]
Statement of Standalone Audited Financial Results for the Half Year/ Year Ended on 31st March, 2026

(Rs. In Lakhs except per share data)

Particulars	Half year Ended on			Year Ended on	Year Ended on
	31.03.2026
(Audited)	30.09.2025
(Unaudited)	31.03.2025
(Audited)	31.03.2026
(Audited)	31.03.2025
(Audited)
1 INCOME FROM OPERATION
a. Net Sale	240.58	380.24	486.93	620.82	887.15
b. Other Operating Income	-	-	-	-	-
Total income From Operation	240.58	380.24	486.93	620.82	887.15
c. Other Income	149.09	36.72	69.88	185.81	72.19
TOTAL INCOME (A)	389.68	416.95	556.81	806.63	959.33
2 EXPENSES
a. Manufacturing cost	-	-	-	-	-
b. Purchase of Stock in trade	-	-	-	-	-
c. Changes in inventories of finished goods,
work-in-progress and stock-in-trade	(0.15)	-	1.48	(0.15)	7.86
d. Employee benefit expenses	200.88	200.86	114.33	401.73	269.44
e. Finance Cost	1.46	1.88	0.65	3.34	2.21
f. Depreciation and amortisation expenses	8.49	26.84	10.53	35.33	19.48
g. Other expenses	140.49	131.45	235.55	271.94	361.30
TOTAL EXPENSES (B)	351.16	361.02	362.54	712.18	660.29
3 Profit/(Loss) from ordinary activities
before exceptional items (A-B)	38.52	55.93	194.27	94.45	299.04
4 Prior Period Item	-	-	-	-	-
5 Exceptional items	-	-	-	-	-
6 Profit/(Loss) from ordinary activities	38.52	55.93	194.27	94.45	299.04
7 Extraordinary Items	-	-	-	-	-
8 Profit before tax	38.52	55.93	194.27	94.45	299.04
9 Less :Tax expenses
a. Income Tax Expenses	4.34	19.44	52.90	23.77	75.69
b. Deferred Tax Expenses	(4.43)	0.17	(11.46)	(4.26)	(7.88)
c. Earlier Year Tax	4.81	-	2.73	4.81	2.73
10 Net Profit/(Loss) for the period	33.80	36.32	150.10	70.12	228.51
11 Paid-up equity share capital (No of Share Lakhs)	122.70	122.70	107.70	122.70	107.70
12 Earning per Share (Weighted Average)	0.27	0.30	1.48	0.57	2.12
13 Adjusted Earning Per share	-	-	-	-	-
14 Diluted Earning per share	0.15	0.31	1.81	0.46	2.12

For Share Samadhan Limited

Abhay Kumar Chandalia
(Managing Director)
DIN No: 01775323
Delhi
Date: 14/05/2026

SHARE SAMADHAN LIMITED Registered Office: B-35, Lower Ground Floor South Extension, Part -2, New Delhi-110049 CIN L67190DL2011PLC229303 Standalone Cash Flow statement for the year ended 31st March, 2026
(Rs. In Lakhs)
Particulars	For the Year Ended 31st March, 2026	For the Year Ended 31st March, 2025
A. Cash flow from operating activities
Profit / (loss) before tax	94.45	299.05
Adjustments for:
Depreciation and amortisation	35.33	19.40
Interest & Finance Charges	3.34	1.63
Interest Income	(169.00)	(71.00)
Provision for Gratuity	(15.66)	(3.70)
Operating profit / (loss) before working capital changes	(52.34)	244.57
Changes in working capital:
Decrease / (increase) in Inventories	(0.15)	7.86
Decrease / (increase) in trade receivables	(221.98)	(92.99)
Decrease / (increase) in Short-term loans and advances	(702.19)	(429.68)
Decrease / (increase) in Other current assets	(8.30)	(80.55)
(Decrease) / increase in Trade payables	2.65	1.45
(Decrease) / increase in Other current liabilities	17.17	(10.41)
(Decrease) / increase in Provisions	0.46	(34.10)
(Decrease) / increase in Short term borrowings	(0.05)	(64.33)
	(912.40)	(702.75)
Cash flow from extraordinary items
Cash generated from operations	(964.74)	(458.18)
Income taxes (paid) / refunded	(28.58)	(78.41)
Net cash flow from / (used in) operating activities (A)	(993.32)	(536.59)
B. Cash flow from investing activities
Purchase of fixed assets	(10.43)	(246.65)
Decrease/(Increase) In Non-Current Investment	-	(103.00)
Sale Of Fixed Assets	-	-
Interest Income	169.80	-
Dividend/Bank Interest	-	71.88
Advance for IT	(293.78)	-
Net cash flow from / (used in) investing activities (B)	(134.41)	(277.77)
C. Cash flow from financing activities
Interest Expenses	(3.34)	(1.63)
Proceeds & Repayment of long-term borrowings	(5.22)	32.00
Net increase / (decrease) in working capital borrowings:
Proceeds & Repayment of other short-term borrowings	-	-
Proceeds from issue of shares/ Share Warrant	585.00	2,043.42
Net cash flow from / (used in) financing activities (C)	576.44	2,073.79
Net increase / (decrease) in Cash and cash equivalents (A+B+C)	(551.29)	1,259.42
Cash and cash equivalents at the beginning of the year	1,635.45	376.03
Cash and cash equivalents at the end of the year	1,084.16	1,635.45
Reconciliation of Cash and cash equivalents with the Balance Sheet:
Net Cash and cash equivalent	1,084.16	1,635.45
Cash and cash equivalents at the end of the year	1,084.16	1,635.45
For Share Samadhan Limited
Bharades
Abhay Kumar Chandalia
(Managing Director)
DIN No: 01775323
Delhi	note: 14/05/2026

Note

The above Audited results of the company for the half year ending on 31st March, 2026 have been reviewed & recommended by the Audit Committee and approved by the Board of Directors of company at their respective meeting held on 14th May 2026. The statutory auditor of the company has carried out Audit Report of the financial results for the half year ended on 31st March 2026 & has issued an unmodified opinion.
Figure for the half year ended on 31st March 2026 are the balancing figures between the audited figures in respect of the full financial year and the year to date figures upto the half year ended 30th September 2025 which was prepared by the management.
The company's business activity falls within the single primary business segment, the disclosure requirements as per AS-17 is not applicable.
Utilization of IPO Proceeds : -
The company has estimated an IPO Related expenses of Rs. 368.99 Lakhs. The company has received an amount of Rs 2,036.48 Lakhs (Net of expenses of Rs 368.99 Lakhs adjusted from securities premium account towards fresh issue of equity shares. The utilization of the net proceeds is summarized as below :-

(Rs. In Lakhs)

Item Head	Amount as proposed in the offer document	Amount Utilized			Amount Unutilized Till 31st March 2026
		As at Beginning of the Year 1st April 2025	During the Year	At the end of the Year ended 31st March 2026
Investment in Technology	410.00	150.00	260.00	410.00	-
Unidentified Acquisition of Company	356.48	-	-	-	356.48
Funding Working Capital Requirements of our Company	790.00	612.25	177.75	790.00	-
General Corporate Purpose	480.00	-	400.98	400.98	79.02
Total	2,036.48	762.25	838.73	1,600.98	435.50

Utilization of Share Warrant Proceeds : -
The company has received an amount of Rs 585.00 Lakhs which is 25% of issue of 30,00,000 Share warrants of Rupees 78 each. The utilization of the net proceeds received is summarized as below :-

(Rs. In Lakhs)

Item Head	Amount as proposed in the offer document	Amount as received till 31st March,2026	Amount Utilized			Amount Unutilized Till 31st March 2026
			As at Beginning of the Year 1st April 2025	During the Year	At the end of the Year ended 31st March 2026
Unidentified Acquisition of Company	250.00	62.50	-	-	-	62.50
Funding Working Capital Requirements of our Company	2,090.00	522.50	-	-	-	522.50
Total	2,340.00	585.00	-	-	-	585.00

Note on Recognition of Expenses Relating to Ongoing Mandates

The Company is presently engaged in execution of certain mandates/assignments which are actively under progress during the current financial year. The corresponding revenue/income from such mandates is expected to be realised in subsequent financial year(s) upon achievement of agreed milestones and/or completion of the assignments.

In accordance with the applicable Accounting Standards and the principles of prudence and accrual accounting, all expenses incurred in relation to such ongoing mandates during the current financial year have been duly recognised and charged to the Statement of Profit and Loss in the year in which such expenses are actually incurred. The applicable accounting framework does not permit deferment or carry forward of such expenses merely because the related revenue is expected to be recognised in future periods.

Accordingly, the financial statements for the current year reflect the aforesaid expenses, which may have an impact on the profitability reported for the year. The Management confirms that the aforesaid accounting treatment is in full compliance with the applicable Accounting Standards and presents a true and fair view of the financial position and performance of the Company.

Abhay Kumar Chandalia
(Managing Director)
DIN No: 01775323
Delhi
Date: 12/05/2026

| SHARE SAMADHAN LIMITED
Registered Office: B-35, Lower Ground Floor South Extension, Part -2, New Delhi-110049
CIN -L67190DL2011PLC229303
E-Mail: [email protected]
Statement of Consolidated Assets & Liabilities as at 31st March 2026
(Rs. In Lakhs except per share data) | | | |
| --- | --- | --- | --- |
| | Particulars | As at
31.03.2026 | As at
31.03.2025 |
| A | EQUITY AND LIABILITIES | | |
| 1 | Shareholders fund | | |
| | a. Share Capital | 1,227.01 | 1,227.01 |
| | b. Reserve & Surplus | 2,317.38 | 2,259.82 |
| | c. Minority Interest | 127.44 | 140.30 |
| | d. Money Received Against Share Warrants | 585.00 | - |
| | Sub-Total Shareholders fund (A) | 4,256.83 | 3,627.13 |
| 2 | Non Current Liabilities | | |
| | a. Long-Term Borrowings | 27.23 | 32.00 |
| | b. Long-Term provision | 14.65 | 30.31 |
| | c. Deferred Tax Liability (net) | - | - |
| | Sub-Total Non Current Liabilities (B) | 41.88 | 62.31 |
| 3 | Current Liabilities | | |
| | a. Short-Term Borrowing | - | 22.76 |
| | b. Trade Payables | | |
| | i) Total outstanding dues of micro enterprises and small enterprises | | |
| | ii) Total outstanding dues of creditors other than micro enterprises and small enterprises | 14.13 | 3.31 |
| | c. Short-Term provision | 52.64 | 295.93 |
| | Sub-Total Current Liabilities (C) | 68.95 | 324.06 |
| | TOTAL EQUITY AND LIABILITIES (A+B+C) | 4,367.66 | 4,013.51 |
| B | ASSETS | | |
| 1 | Non-Current Assets | | |
| | a. Fixed Assets | | |
| | (i) Tangible assets | 281.49 | 293.41 |
| | (ii) Intangible assets | 86.39 | 100.12 |
| | (iii) Advance against property | - | - |
| | (iv) Capital work in progress | 533.78 | 240.00 |
| | b. Non-Current Investments | 103.95 | 103.95 |
| | c. Deferred Tax Assets (net) | 18.99 | 5.50 |
| | Sub-Total Non Current Assets (A) | 1,024.60 | 742.98 |
| 2 | Current Assets | | |
| | a. Inventories | 0.64 | 0.49 |
| | b. Trade Receivables | 700.93 | 864.46 |
| | c. Cash & Cash Equivalents | 1,148.85 | 1,911.94 |
| | d. Short Term loans and advances | 1,282.96 | 393.86 |
| | e. Other Current Assets | 209.69 | 99.79 |
| | Sub-Total Current Assets (B) | 3,343.06 | 3,270.53 |
| | TOTAL ASSETS (A+B) | 4,367.66 | 4,013.51 |
| For Share Samadhan Limited | | | |
| Abhay Kumar Chandalia
(Managing Director)
DIN No: 01775323
Delhi
Date: 12/05/2026 | | | |

SHARE SAMADHAN LIMITED
Registered Office: B-35, Lower Ground Floor South Extension, Part -2, New Delhi-110049
CIN -L67190DL2011PLC229303
E-Mail: [email protected]
Statement of Consolidated Audited Financial Results for the Half year / Year Ended on 31st March, 2026
(Rs. In Lakhs except per share data)

Particulars	Half year Ended on			Year Ended on	Year Ended on
	31-Mar-26
(Audited)	30-Sep-25
(Unaudited)	31-Mar-25
(Audited)	31-Mar-26
(Audited)	31-Mar-25
(Audited)
1 INCOME FROM OPERATION
a. Net Sale	240.61	380.24	999.41	620.85	1,443.73
b. Other Operating Income	-	-	-	-	-
Total income From Operation	240.61	380.24	999.41	620.85	1,443.73
c. Other Income	101.61	44.26	70.73	145.88	75.18
TOTAL INCOME (A)	342.22	424.51	1,070.14	766.73	1,518.91
2 EXPENSES
a. Manufacturing cost	-	-	-	-	-
b. Purchase of Stock in trade	-	-	-	-	-
c. Changes in inventories of finished goods,
work-in-progress and stock-in-trade	(0.15)	-	1.48	(0.15)	7.86
d. Employee benefit expenses	207.44	207.52	189.36	414.96	344.47
e. Finance Cost	1.65	1.88	0.66	3.53	2.22
f. Depreciation and amortisation expenses	9.88	27.84	11.60	37.72	21.34
g. Other expenses	120.01	131.51	445.06	251.52	602.00
TOTAL EXPENSES (B)	338.83	368.75	648.16	707.58	977.89
3 Profit/(Loss) from ordinary activities
before exceptional items (A-B)	3.39	55.76	421.98	59.14	541.02
4 Prior Period Item	-	-	-	-	-
5 Exceptional items	-	-	-	-	-
6 Profit/(Loss) from ordinary activities	3.39	55.76	421.98	59.14	541.02
7 Extraordinary Items	-	-	-	-	-
8 Profit before tax	3.39	55.76	421.98	59.14	541.02
9 Less :Tax expenses	-	-	-	-	-
a. Income Tax Expenses	3.04	21.08	114.12	24.12	140.51
b. Deferred Tax Expenses	(13.66)	0.17	(11.45)	(13.49)	(7.87)
c. Earlier Year Tax	3.82	-	3.24	3.82	3.24
Profit/(Loss) for the year before share in	10.20	34.50	316.07	44.70	405.14
10 Profit/(Loss) of Associates	10.20	34.50	316.07	44.70	405.14
11 Minority Interest	(15.27)	2.41	85.18	(12.86)	90.53
12 Profit/(Loss) for the year	25.47	32.09	230.89	57.56	314.61
13 Paid-up equity share capital (No. of Shares in lakhs)	122.70	122.70	122.70	122.70	107.70
14 Earning per Share (Weighted Average)	0.21	0.26	2.19	0.47	2.92
15 Adjusted Earning Per share	0.12	0.26	2.57	0.38	2.92

Abhay Kumar Chandalia
(Managing Director)
DIN No: 01775323
Delhi
Date: 14/05/2026

| SHARE SAMADHAN LIMITED
Registered Office: B-35, Lower Ground Floor South Extension, Part -2, New Delhi-110049
CIN -L67190DL2011PLC229303
E-Mail: [email protected] | | |
| --- | --- | --- |
| Statement of Consolidated Cash Flow statement for the year ended 31st March 2026
(Rs. In Lakhs except per share data) | | |
| Particulars | For the Year Ended
31st March 2026 | For the Year Ended
31st March 2025 |
| A. Cash flow from operating activities | | |
| Profit / (loss) before tax | 59.14 | 541.02 |
| Adjustments for: | | |
| Depreciation and amortisation | 37.72 | 21.34 |
| Interest Income | (102.34) | (74.87) |
| Provision for Gratuity | (15.66) | (3.70) |
| Interest Expenses | 3.53 | 1.63 |
| Operating profit / (loss) before working capital changes | (17.61) | 485.42 |
| Changes in working capital: | | |
| Decrease / (increase) in Inventories | (0.15) | 7.86 |
| Decrease / (increase) in trade receivables | 163.52 | (573.60) |
| Decrease / (increase) in Short-term loans and advances | (889.10) | (82.18) |
| Decrease / (increase) in Other current assets | (109.90) | (87.37) |
| Decrease / (increase) in Trade Payable | 10.82 | (4.77) |
| (Decrease) / increase in Short Term Borrowing | (22.76) | (41.62) |
| (Decrease) / increase in Other current liabilities | (243.30) | 229.38 |
| (Decrease) / increase in Provision | 0.12 | (43.59) |
| | (1,090.75) | (595.87) |
| Cash flow from extraordinary items | | |
| Cash generated from operations | (1,108.35) | (110.45) |
| Income taxes (paid) / refunded | (27.94) | (143.76) |
| Net cash flow from / (used in) operating activities (A) | (1,136.29) | (254.22) |
| B. Cash flow from investing activities | | |
| Purchase of fixed assets | (12.07) | (338.99) |
| Sale of Fixed Assets | - | - |
| Capital work in progress | (293.78) | - |
| Interest Income | 102.34 | 74.88 |
| Increase in Investment | - | (103.00) |
| Security Deposit | - | - |
| Minority Interest | - | - |
| Net Cash Flow from / (used in) Investing activities (B) | (203.52) | (367.10) |
| C. Cash flow from financing activities | | |
| Interest Expenses | (3.53) | (1.63) |
| Proceeds from issue of equity shares/ Share Warrant | 585.00 | 2,043.42 |
| Proceeds & Repayment of long-term borrowings | (4.77) | 9.29 |
| Net cash flow from / (used in) financing activities (C) | 576.70 | 2,051.08 |
| Net increase / (decrease) in Cash and cash equivalents (A+B+C) | (763.10) | 1,429.76 |
| Cash and cash equivalents at the beginning of the year | 1,911.94 | 482.18 |
| Cash and cash equivalents at the end of the year | 1,148.85 | 1,911.94 |
| Reconciliation of Cash and cash equivalents with the Balance Sheet: | | |
| Net Cash and cash equivalents | 1,148.85 | 1,911.94 |
| Cash and cash equivalents at the end of the year | 1,148.85 | 1,911.94 |
| For Share Samadhan Limited

Abhay Kumar Chandalia
(Managing Director)
DIN No: 01775323
Delhi Date: 14/05/2026 | | |

Note 1. The above Audited results of the company for the half year ending on 31st March, 2026 have been reviewed & recommended by the Audit Committee and approved by the Board of Directors of company at their respective meeting held on 14th May 2026. The statutory auditor of the company has carried out Audit Report of the financial results for the half year ended on 31st March 2026 & has issued an unmodified opinion. 2. Figure for the half year ended on 31st March 2026 are the balancing figures between the audited figures in respect of the full financial year and the year to date figures upto the half year ended 30th September 2025 which was prepared by the management. 3. The company's business activity falls within the single primary business segment, the disclosure requirements as per AS-17 is not applicable. 4. Utilization of IPO Proceeds : - The company has estimated an IPO Related expenses of Rs. 368.99 Lakhs. The company has received an amount of Rs 2,036.48 Lakhs (Net of expenses of Rs.368.99 Lakhs adjusted from securities premium account towards fresh issue of equity shares. The utilization of the net proceeds is summarized as below :- (Rs. In Lakhs)
Item Head	Amount as proposed in the offer document	Amount Utilized			Amount Unutilized Till 31st March 2026
		As at Beginning of the Year 1st April 2025	During the Year	At the end of the Year ended 31st March 2026
Investment in Technology	410.00	150.00	260.00	410.00		-
Unidentified Acquisition of Company	356.48	-	-	-	356.48
Funding Working Capital Requirements of our Company	790.00	612.25	177.75	790.00		-
General Corporate Purpose	480.00	-	400.98	400.98	79.02
Total	2,036.48	762.25	838.73	1,600.98	435.50
5. Utilization of Share Warrant Proceeds : - The company has received an amount of Rs 585.00 Lakhs which is 25% of issue of 30,00,000 Share warrants of Rupees 78 each. The utilization of the net proceeds received is summarized as below :- (Rs. In Lakhs)
Item Head	Amount as proposed in the offer document	Amount as received till 31st March,2026	Amount Utilized			Amount Unutilized Till 31st March 2026
			As at Beginning of the Year 1st April 2025	During the Year	At the end of the Year ended 31st March 2026
Unidentified Acquisition of Company	250.00	62.50	-	-	-	62.50
Funding Working Capital Requirements of our Company	2,090.00	522.50	-	-	-	522.50
Total	2,340.00	585.00	-	-	-	585.00
6. Note on Recognition of Expenses Relating to Ongoing Mandates The Company is presently engaged in execution of certain mandates/assignments which are actively under progress during the current financial year. The corresponding revenue/income from such mandates is expected to be realised in subsequent financial year(s) upon achievement of agreed milestones and/or completion of the assignments. In accordance with the applicable Accounting Standards and the principles of prudence and accrual accounting, all expenses incurred in relation to such ongoing mandates during the current financial year have been duly recognised and charged to the Statement of Profit and Loss in the year in which such expenses are actually incurred. The applicable accounting framework does not permit deferment or carry forward of such expenses merely because the related revenue is expected to be recognised in future periods. Accordingly, the financial statements for the current year reflect the aforesaid expenses, which may have an impact on the profitability reported for the year. The Management confirms that the aforesaid accounting treatment is in full compliance with the applicable Accounting Standards and presents a true and fair view of the financial position and performance of the Company. For Share Samadhan Limited DIN No: 01775323 Dethi Date: -14/05/2026.

K S CHOUDHARY & CO
CHARTERED ACCOUNTANTS
C A
INDIA
212, M. J. SHOPPING CENTRE
3, VEER SAVARKARBLOCK,
SHAKARPUR, DELHI - 110092
PH.:011-22528739, 42444729

INDEPENDENT AUDITOR'S REPORT

THE MEMBERS OF

SHARE SAMADHAN LIMITED

Report on the Audit of Standalone Financial Statements

Opinion

We have audited the accompanying financial statements of SHARE SAMADHAN LIMITED ("the company"), which comprise the Balance Sheet as at 31 March, 2026, and the Statement of Profit and Loss for the year then ended, the Cash Flow Statement for the year then ended and notes to the 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 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 Accounting Standards prescribed under section 133 of the Act, read with the Companies (Accounting Standards) Rules, 2021, and other accounting principles generally accepted in India, of the state of affairs of the company as at 31st March, 2026, its profit and cash flow statement for the year ended on that date.

Basis for Opinion

We conducted our audit of the financial statements in accordance with the Standards on Auditing specified under section 143(10) of the Act (SAs). Our responsibilities under those Standards are further described in the Auditor’s Responsibility 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 (ICAI) together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules made 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 obtained by us is sufficient and appropriate to provide a basis for our audit opinion on the financial statements.

Our PAN No. AAAFK7951J, GSTIN 07AAAFK7951J1Z3
Page 1 of 20
e-mail: [email protected], [email protected]

K S CHOUDHARY & CO CHARTERED ACCOUNTANTS

CA INDIA

212, M. J. SHOPPING CENTRE
3, VEER SAVARKARBLOCK,
SHAKARPUR, DELHI - 110092
PH.:011-22528739, 42444729

Key Audit Matters

Key Audit Matters are those matters that, in our professional judgement, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters,

1. Unquoted Investments and Advances

Description:

As at March 31, 2026, the Company holds significant unquoted investments (notably ₹10,300 thousand in Compulsorily Convertible Debentures of ERDAC Solutions Private Limited) and substantial short-term loans and advances (₹1,40,659.14 thousand), as disclosed in Notes 13 and 18. The valuation and recoverability of these assets involve significant management judgment, including assessment of credit risk, future cash flows, and absence of active market prices. This area is material and subject to estimation uncertainty.

Audit Response:

Reviewed investment agreements, board minutes, and management’s assessment of fair value and recoverability.
For advances, tested a sample of underlying agreements, assessed business rationale, and evaluated counterparty creditworthiness.
Verified subsequent receipts and assessed adequacy of provisions for doubtful advances/investments.

2. Deployment of IPO Proceeds and Operational Performance

Description:

During the year, the Company’s balance sheet expanded significantly following its IPO in financial year 2024-25, with cash and cash equivalents amounting ₹1,08,416.17 thousand and total assets to ₹4,09,587.15 thousand as at reporting date. However, revenue from operations remained flat (₹62,081.87 thousand vs. ₹88,714.69 thousand in the previous year) and profit before tax declined (₹9,444.72 thousand vs ₹29,904.04 thousand). The deployment of IPO funds and the disconnect between capital infusion and operational performance was a key focus area.

Our PAN No. AAAFK7951J, GSTIN 07AAAFK7951J1Z3
Page 2 of 20
e-mail: [email protected], [email protected]

K S CHOUDHARY & CO CHARTERED ACCOUNTANTS

CA INDIA

212, M. J. SHOPPING CENTRE
3, VEER SAVARKARBLOCK,
SHAKARPUR, DELHI - 110092
PH.:011-22528739, 42444729

Audit Response:

Discussed with management and the Audit Committee the business strategy for deploying IPO funds and reasons for performance trends.
Verified recognition and completeness of other income (notably interest from FDs).
Tested significant transactions, including settlement of prior-year advances.
Assessed adequacy of disclosures regarding the Company’s post-IPO position and future plans.

3. Issuance and Deployment of Convertible Share Warrants

During the year, the Company’s balance sheet expanded significantly pursuant to the issuance of 30,00,000 Convertible Warrants on a preferential basis at an issue price of ₹ 78 per warrant, each warrant being convertible into one equity share of face value ₹10 each, subject to the terms and conditions approved by the shareholders and in compliance with the applicable provisions of the SEBI (ICDR) Regulations.

The warrant holders are entitled to exercise the option of conversion within a period of 18 months from the date of allotment. As per the terms of issue, 25% of the total consideration amounting ₹58,500 thousand has been received by the Company during the year, while the balance 75% shall be payable at the time of conversion of warrants into equity shares.

The amount received has been maintained in a separate bank account specifically opened for this purpose. Out of the amount received ₹ 58,450 thousand has been temporarily parked in fixed deposit accounts with scheduled commercial banks.

Audit Response:

The utilisation of funds has been carried out in compliance with the applicable provisions of the Companies Act, 2013 and the SEBI (ICDR) Regulations.
The amount received being 25% upfront subscription money on the warrants has been appropriately accounted for in the books of accounts.

Our PAN No. AAAFK7951J, GSTIN 07AAAFK7951J1Z3
Page 3 of 20
e-mail: [email protected], [email protected]

CA INDIA

4. Revenue Recognition from Advisory and Recovery Services

The Company derives revenue primarily from professional service charges for investment recovery and consultation. Given the complexity of contracts, the risk of incorrect cut-off, and the significant proportion of revenue recognized at period-end, there is a risk of misstatement in revenue recognition, particularly with respect to the timing and completeness of revenue.

Evaluated the design and tested the operating effectiveness of controls over revenue recognition, including contract review and approval.
Performed substantive testing of a sample of contracts and invoices, focusing on period-end transactions and cut-off.
Performed analytical procedures on revenue trends and compared with prior periods and budgets.
Obtained direct confirmations from major customers for outstanding receivables and revenue transactions.
Assessed the adequacy of disclosures in the financial statements.

4. Recoverability and Valuation of Short-Term Advances and Trade Receivables

As at March 31, 2026, the Company’s balance sheet includes significant short-term loans and advances (₹1,40,659.14 thousand) and trade receivables (₹54,093.14 thousand). The recoverability of these balances is subject to management judgment.

Evaluated the design and tested the operating effectiveness of controls over credit risk assessment and monitoring of advances and receivables.
Reviewed subsequent receipts and correspondence with counterparties.
Assessed the adequacy of provisions for doubtful debts and advances, including management’s estimation of expected credit losses.
Evaluated the adequacy of disclosures in the financial statements.

Our PAN No. AAAFK7951J, GSTIN 07AAAFK7951J1Z3

e-mail: [email protected], [email protected]

Page 4 of 20

INDIA

Emphasis of Matter

We draw attention to the following notes to the financial statements:

The Company had an opening balance of unutilized IPO proceeds amounting to ₹1,39,750 thousand as on 1st April, 2025, parked in Fixed Deposit Receipts (FDRs) with scheduled commercial bank. As at the reporting date, the Company has partially utilized the funds in accordance with the objects stated in the offer document, the balance unutilized amount stood at ₹43,550 thousand. Management has represented that such utilization is in compliance with applicable regulatory requirements and the funds will be deployed as per the stated objects. Our opinion is not modified in respect of this matter.
We draw attention to the Shareholders’ Funds section of the Statement, which discloses the amount received against the issuance of Convertible Share Warrants. As stated in the Statement, the Company has, as at the reporting date, received 25% of the consideration payable against the convertible share warrants amounting to ₹58,500 thousand, for which allotment has been made on 01st October 2025. Each warrant is convertible into one equity share, and the conversion may be exercised at any time within a period of 18 months from the date of allotment, in accordance with the applicable terms and conditions. The amount received has been maintained in a separate bank account specifically opened for this purpose. Out of the amount received ₹58,450 thousand has been temporarily parked in fixed deposit accounts with scheduled commercial banks. Our conclusion is not modified in respect of this matter.

Material Uncertainty Related to Going Concern

We have evaluated the Company’s ability to continue as a going concern in accordance with SA 570 (Revised). Based on the audit procedures performed, including review of cash flow forecasts, analysis of the Company’s significant cash and fixed deposit balances (₹1,08,416.17 thousand as at March 31, 2026), and discussions with management, we did not identify any material uncertainty that may cast significant doubt on the Company’s ability to continue as a going concern for a period of at least twelve months from the balance sheet date.

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 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 AS and other accounting principles generally accepted in India specified under section 133 of the Act. This responsibility also includes the maintenance of adequate accounting records in accordance with the provision of

Our PAN No. AAAFK7951J, GSTIN 07AAAFK7951J1Z3
Page 5 of 20
e-mail: [email protected], [email protected]

INDIA

the Act for safeguarding the assets of the Company and for preventing and detecting the 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 control, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to 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 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 Financial Statements

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 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 financial control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, 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.

Our PAN No. AAAFK7951J, GSTIN 07AAAFK7951J1Z3
e-mail: [email protected], [email protected]
New Delhi
Page 6 of 20

Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the 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 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 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.

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.

Information Other than the Financial Statements and Auditor’s Report Thereon

The Company’s Board of Directors is responsible for the other information. The other information comprises the information included in the report on Shareholder information and Report of the Board of Directors, but does not include the financial statements and our auditor’s 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.

Our PAN No. AAAFK7951J, GSTIN 07AAAFK7951J1Z3
e-mail: [email protected], [email protected]
Page 7 of 20

CA INDIA

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 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.

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 the “Annexure B” a statement on the matters specified in paragraphs 3 and 4 of the Order, to the extent applicable.
(A) As required by section 143(3) of the Act, based on our audit we report to the extent applicable 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 account 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 and the Statement of Profit and Loss Account and the Cash Flow Statement dealt with by this Report are in agreement with the books of account.

d) In our opinion, the aforesaid financial statements comply with the AS 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 31 March, 2026 taken on record by the Board of Directors, none of the directors is disqualified as on 31 March, 2026 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 these financial statements and the operating effectiveness of such controls, refer to our separate Report in “Annexure A” 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 of the Act, as amended.

Our PAN No. AAAFK7951J, GSTIN 07AAAFK7951J1Z3
e-mail: [email protected], [email protected]
Page 8 of 20

CA INDIA

h) In our opinion and to the best of our information and according to the explanations given to us, the remuneration paid by the company to its director during the year is in accordance with the provisions of section 197 of the Act.

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

a) The Company does not have any pending litigations which would impact its financial position;

b) The Company did not have any long-term contracts including derivatives contracts for which there were any material foreseeable losses;

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

d) The Management has represented that, to the best of its knowledge and belief, to the Financial Statements, no funds (which are material either individually or in 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.

e) The management has represented, that, to the best of its knowledge and belief, no funds (which are material either individually or in aggregate) have been received by the company from any person or entity, including foreign entity ("Funding Parties"), with the understanding, 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;

f) 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 (i) and (ii) of Rule 11(e), as provided under (a) and (b) above, contain any material misstatement.

g) The company neither has declared nor paid any dividend during the years accordingly the provision of section 123 of the Act are not applicable to the company.

Our PAN No. AAAFK7951J, GSTIN 07AAAFK7951J1Z3
e-mail: [email protected], [email protected]
Page 9 of 20

K S CHOUDHARY & CO
CHARTERED ACCOUNTANTS

h) Based on our examination, which includes test checks, the company has used accounting software for maintaining its books of accounts for the financial year ended 31st March 2026 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 observed certain entries/transactions recorded in the books of accounts through the audit trail/log mechanism of the accounting software. We have obtained the duly signed audit trail report/details from the management for our verification and noted that the audit trail feature of the accounting software has been maintained in accordance with the applicable statutory requirements.

For K.S. Choudhary & Co.
Chartered Accountants
FRN: 508095C

Harish Kumar Choudhary
Partner
MRN: 093027

Place: New Delhi
Date: 14.05.2026
UDIN: 26093027GODGFZ2832

Our PAN No. AAAFK7951J, GSTIN 07AAAFK7951J1Z3
e-mail: [email protected], [email protected]

K S CHOUDHARY & CO
CHARTERED ACCOUNTANTS
CA INDIA
212, M. J. SHOPPING CENTRE
3, VEER SAVARKARBLOCK,
SHAKARPUR, DELHI - 110092
PH.:011-22528739, 42444729

"ANNEXURE - A" TO THE INDEPENDENT AUDITORS' REPORT OF EVEN DATE ON THE FINANCIAL STATEMENTS OF "SHARE SAMADHAN LIMITED" (Referred to in our report 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 Share Samadhan Limited ("the Company"), as of 31 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 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 ('ICAI').

These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to company's policies, 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 the Companies Act, 2013.

Auditors' 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 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 the 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 respects.

Our PAN No. AAAFK7951J, GSTIN 07AAAFK7951J1Z3
Page 11 of 20
e-mail: [email protected], [email protected]

Our audit involves performing procedures to obtain audit evidence about the 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 operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor's judgment, including the assessment of the risks 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

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:

Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the 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 receipts 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 occur 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 control over financial reporting may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Our PAN No. AAAFK7951J, GSTIN 07AAAFK7951J1Z3

e-mail: [email protected], [email protected]

New Delhi
Page 12 of 20

K S CHOUDHARY & CO
CHARTERED ACCOUNTANTS

CA
INDIA

Opinion

In our opinion, the Company has, in all material respects, 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 K.S. Choudhary & CO.
Chartered Accountants
FRN: 508095C

Harish Kumar Choudhary
Partner
MRN: 093027

Place: New Delhi
Date: 14.05.2026
UDIN: 26093027GODGFZ2832

Our PAN No. AAAFK7951J, GSTIN 07AAAFK7951J1Z3
Page 13 of 20
e-mail: [email protected], [email protected]

"ANNEXURE-B" to the Auditor's Report of even date to the members of Share Samadhan Limited, on the Financial Statements for the year ended on March 31, 2026.

(This is the annexure referred to in Para 1 of 'Report on Other Legal and Regulatory Requirements' section of our Report of even date)

Report as Per the Companies (Auditor's Report) Order, 2020 ("Caro 2020")

Based on the audit procedures performed for the purpose of expressing an opinion on the true and fair view of the financial statements of the company and considering the information and explanations given to us and books of accounts and other records provided to us during the normal course of audit, we hereby report that: -

(i) In respect of the Company's property, plant and equipment (including Right-of-Use assets) and intangible assets:

a. (A) The Company has maintained proper records showing full particulars, including quantitative details and situation of Property, Plant and Equipment
(B) The Company has maintained proper records showing full particulars of intangible assets

b. The Property, Plant and Equipment have been physically verified by the management in a phased manner, designed to cover all the items over a period of three years, which in our opinion, is reasonable having regard to the size of the company and nature of its business. Pursuant to the program, a portion of the fixed asset has been physically verified by the management during the year and no material discrepancies between the book's records and the physical fixed assets have been noticed.

c. The title deeds of all the immovable properties (other than properties where the Company is the lessee and the lease agreements are duly executed in favour of the lessee) disclosed in the financial statements are held in the name of the Company

d. The company has not revalued any of its Property, Plant and Equipment (including Right of Use Assets) and intangible assets or both during the year. According reporting under clause 3(i)(d) of the order is not applicable to the company.

New Delhi
Page 14 of 20

e. Based on the information provided and explanation given to us, we can report that no proceedings have been initiated or are pending against the company as at March 31, 2026 for holding any Benami Property under the Benami Transactions (Prohibition) Act, 1988 (as amended in 2016) and rules made thereunder

(ii) In respect of Inventory

a. The Company does not have any inventory and hence reporting under clause 3(ii)(a) of the Order is not applicable

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 not been sanctioned any working capital limits in excess of five crore rupees, in aggregate, from banks and financial institution on the basis of security of current assets at any point of time of the year. Accordingly, clause 3(ii)(b) of the Order is not applicable to the Company

(iii) In respect of Investments, Guarantees, Security, Loans or Advances

a. The Company has made investments in, and granted advances in the nature of loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or any other parties during the year.

b. In our opinion, the investments made and the terms and conditions of the grant of loans, during the year are, prima facie, not prejudicial to the Company’s interest.

c. In respect of loans granted by the Company, the schedule of repayment of principal and payment of interest has been stipulated and the repayments of principal amounts and receipts of interest are generally regular as per stipulation.

d. In respect of loans granted by the Company, there is no overdue amount remaining outstanding as at the balance sheet date.

e. No loan granted by the Company which has fallen due during the year, has been renewed or extended or fresh loans granted to settle the overdues of existing loans given to the same parties.

f. The Company has not granted any loans or advances in the nature of loans either repayable on demand or without specifying any terms or period of repayment during the year.

Our PAN No. AAAFK7951J, GSTIN 07AAAFK7951J1Z3
e-mail: [email protected], [email protected]
Page 15 of 20

(iv) In respect of Loans, Investments, Guarantees and Security

a. The Company has complied with the provisions of Sections 185 and 186 of the Companies Act, 2013 in respect of loans granted, investments made and guarantees and securities provided, as applicable

(v) In respect of deposits

a. The Company has not accepted any deposit during the year. The company does not have any unclaimed deposits and therefore the provisions of Sections 73 to 76 or any other relevant provisions to the Act are not applicable

(vi) In respect of cost records

a. The maintenance of the cost records has not been specified by the Central Government under sub section (1) of Section 148 of the Companies Act, 2013 for the business activities carried out by the Company. Hence, reporting under clause 3(vi) of the order is not applicable to the Company

(vii) In respect of statutory dues

a. In our opinion, the Company has generally been regular in depositing undisputed statutory dues, including Goods and Services Tax, Provident Fund, Employees' State Insurance, Income Tax, Service Tax, Duty of Customs, Duty of Excise, Value Added Tax, Cess and other material statutory dues applicable to it with the appropriate authorities. There were no undisputed amounts payable in respect of Goods and Services Tax, Provident Fund, Employees' State Insurance, Income Tax, Service Tax, Duty of Customs, Duty of Excise, Value Added Tax, Cess and other material statutory dues in arrears as at March 31, 2026 for a period of more than six months from the date they became payable.

b. As per the Information and explanations given to us, no statutory dues referred to in sub-clause (a) is pending in respect of any dues of income tax or sales tax or service tax or duty of customs or duty of excise or value added tax account of any dispute.

Our PAN No. AAAFK7951J, GSTIN 07AAAFK7951J1Z3
e-mail: [email protected], [email protected]

(viii) In respect of Unrecorded transactions

a. 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 not surrendered or disclosed any transactions, previously unrecorded as income in the books of account, in the tax assessments under the Income-tax Act, 1961 as income during the year.

(ix) In respect of loans and Borrowings

a. The Company has not taken any loans or other borrowings from any lender during the year, except for a term loan outstanding as at year-end (₹2,677.94 thousand). The Company has not defaulted in repayment of loans or borrowings or in the payment of interest thereon to any lender

b. The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority

c. The term loans were applied for the purpose for which the loans were obtained.

d. On an overall examination of the financial statements of the Company, funds raised on short-term basis have, prima facie, not been used during the year for long-term purposes by the Company

e. On an overall examination of the financial statements of the Company, the Company has not taken any funds from any entity or person on account of or to meet the obligations of its subsidiaries

f. The Company has not raised loans during the year on the pledge of securities held in its subsidiaries.

(x) In respect of Funds raised and utilization

a. The Company has raised money by way of initial public offer during the financial year 2024-25, and the funds have been applied for the purposes for which they were raised, with unutilized funds temporarily parked in fixed deposits.

b. During the year, the Company has raised funds by way of preferential allotment, by issuing the Convertible Share Warrants during the year. The unutilized funds have been temporarily parked in fixed deposits.

Our PAN No. AAAFK7951J, GSTIN 07AAAFK7951J1Z3
e-mail: [email protected], [email protected]
New Delhi
Page 17 of 20

(xi) In respect of Fraud

a. To the best of our knowledge and according to the information & explanation given to us, and on the basis of representation of the management which we have relied upon no fraud by the Company or any fraud on the Company has been noticed or reported during the year. Accordingly, the provision of clause 3(xi) (a) of the order is not applicable

b. No report under sub section (12) of Section 143 of the Companies Act has been filed in Form ADT-4 as prescribed under Rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government during the year and up to the date of this report.

c. No whistle blower complaints were received by the company during the year. Accordingly, no such complaints were reported by us.

(xii) In respect of Nidhi Company

a. The Company is not a Nidhi Company and hence reporting under clause 3(xii) of the Order is not applicable to the Company

(xiii) In respect of Related Party Transaction

a. In our opinion, the Company is in compliance with Section 177 and 188 of the Companies Act, 2013 with respect to applicable transactions with the related parties and the details of related party transactions have been disclosed in the standalone financial statements as required by the applicable accounting standards

(xiv) In respect of internal audit

a. Based on information and explanations provided to us and upon our audit procedures, the Company has an Internal Audit System commensurate with the size and nature of its business

b. We have considered, the internal audit reports, for the year under audit, issued to the Company during the year and till date, in determining the nature, timing and extent of our audit procedures

(xv) In respect of Non cash transactions

a. In our opinion, during the year, the Company has not entered into any non-cash transactions with directors or persons connected with them and hence provisions of Section 192 of the Companies Act, 2013 are not applicable to the Company

Our PAN No. AAAFK7951J, GSTIN 07AAAFK7951J1Z3
e-mail: [email protected], [email protected]
Enk: 18-0620

(xvi) In respect of registration under RBI Act

a. The Company is not required to be registered under Section 45-IA of the Reserve Bank of India Act, 1934 (2 of 1934). Accordingly, clause 3(xvi)(a) of the Order is not applicable.

b. In our opinion, the Company has not conducted any Non-Banking Financial or Housing Finance activities without a valid Certificate of Registration (CoR) from the Reserve Bank of India as per the Reserve Bank of India Act, 1934. Accordingly, clause 3(xvi)(b) of the Order is not applicable.

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

(xvii) In Respect of cash losses

a. The Company has not incurred cash losses in the current financial year and in the immediately preceding financial year.

(xviii) In respect of resignation of statutory auditors

a. The statutory auditors have not resigned during the year, thus, reporting under cause 3(xviii) of the Order is not applicable on the Company.

(xix) In respect of Material Uncertainty on Meeting Liabilities

a. On the basis of the financial ratios, ageing and expected dates of realization of financial assets and payment of financial liabilities, other information accompanying the financial statements and our knowledge of the Board of Directors and Management plans and based on our examination of the evidence supporting the assumptions, nothing has come to our attention, which causes us to believe that any material uncertainty exists as on the date of the audit report indicating that Company is not capable of meeting its liabilities existing at the date of balance sheet as and when they fall due within a period of one year from the balance sheet date. We, however, state that this is not an assurance as to the future viability of the Company. We further state that our reporting is based on the facts up to the date of the audit report and we neither give any guarantee nor any assurance that all liabilities falling due within a period of one year from the balance sheet date, will get discharged by the Company as and when they fall due.

K S CHOUDHARY & CO
CHARTERED ACCOUNTANTS
CA
INDIA
212, M. J. SHOPPING CENTRE
3, VEER SAVARKARBLOCK,
SHAKARPUR, DELHI - 110092
PH.:011-22528739, 42444729

(xx) In respect of Corporate Social Responsibility

a. There are no unspent amounts towards Corporate Social Responsibility (CSR) requiring a transfer to a Fund specified in Schedule VII to the Companies Act in compliance with second proviso to sub-section (5) of Section 135 of the said Act. Accordingly, reporting under clause 3(xx)(a) of the Order is not applicable for the year. There are no unspent amounts towards Corporate Social Responsibility (CSR) requiring a transfer to a special account in compliance with provision of sub-section (6) of section 135 of the said Act. Accordingly, reporting under clause 3(xx)(b) of the Order is not applicable for the year.

(xxi) In respect of Qualifications in Consolidated CARO

a. There have been no qualifications or adverse remarks by the respective auditors in the Companies (Auditor’s Report) Order (CARO) reports of the companies included in the consolidated financial statements.

For K S Choudhary & Co.
Chartered Accountants
FRN: 508095C

Harish Kumar Choudhary
Partner
MRN: 093027
Place: New Delhi
Date: 14.05.2026
UDIN: 26093027GODGFZ2832

Our PAN No. AAAFK7951J, GSTIN 07AAAFK7951J1Z3
Page 20 of 20
e-mail: [email protected], [email protected]

INDEPENDENT AUDITOR'S REPORT

THE MEMBERS OF

SHARE SAMADHAN LIMITED

Report on the Audit of Consolidated Financial Statements

Opinion

We have audited the accompanying consolidated financial statements of SHARE SAMADHAN LIMITED ("the parent company") and its subsidiaries (the Parent Company and its subsidiaries together referred to as "the Group"), which comprise the Consolidated Balance Sheet as at 31 March, 2026, and the Consolidated Statement of Profit and Loss (including other comprehensive income), the Consolidated Statement of Cash Flows, and the Consolidated Statement of Changes in Equity for the year then ended, and notes to the Consolidated financial statements, including a summary of significant accounting policies and other explanatory information (hereinafter referred to as the "consolidated financial statements").

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 Accounting Standards prescribed under section 133 of the Act, read with the Companies (Accounting Standards) Rules, 2021, and other accounting principles generally accepted in India, of the consolidated state of affairs of the company as at 31st March, 2026, its consolidated profit, its consolidated total comprehensive income, its consolidated cash flows and its consolidated changes in equity for the year ended on that date.

Basis for Opinion

We conducted our audit of the consolidated financial statements in accordance with the Standards on Auditing specified under section 143(10) of the Act (SAs). Our responsibilities under those Standards are further described in the Auditor's Responsibility for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India (ICAI) together with the ethical requirements that are relevant to our audit of the consolidated financial statements under the provisions of the Act and the Rules made 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 obtained by us is sufficient and appropriate to provide a basis for our audit opinion on the financial statements.

Key Audit Matters

1. Audit of the Consolidation Process

The Group’s consolidation involves its subsidiaries, M/s NYAYA MITRA LIMITED and M/s WEALTH SAMADHAN PVT LTD. The consolidation process is complex and involves significant management effort, including the alignment of accounting policies, elimination of intra-group transactions and balances, and the calculation of minority interest. There is an inherent risk of error in these consolidation adjustments, which could materially impact the consolidated financial statements.

Audit Response

Our procedures included understanding and testing the design and operating effectiveness of controls over the consolidation process. We tested the consolidation workings prepared by management, verified the accurate elimination of intra-group revenues, balances, and unrealized profits, and checked the calculation of minority interest as disclosed in the financial statements

2. Unquoted Investments and Advances

As at March 31, 2026, Group’s consolidated balance sheet includes significant unquoted investments (notably 10,300 thousand in Compulsorily Convertible Debentures of ERDAC Solutions Private Limited) and substantial short-term loans and advances (₹128,295.61 thousand), as disclosed in Notes 12 and 17. The valuation and recoverability of these assets involve significant management judgment, including assessment of credit risk, future cash flows, and absence of active market prices. This area is material and subject to estimation uncertainty.

Reviewed investment agreements, board minutes, and management’s assessment of fair value and recoverability.
For advances, tested a sample of underlying agreements, assessed business rationale, and evaluated counterparty creditworthiness.
Verified subsequent receipts and assessed adequacy of provisions for additional advances/investments.

New Delhi 110092 Page 2 of 13

3. Revenue Recognition Across the group

The Group derives revenue from professional service charges for investment recovery, consultation, and litigation funding services across its entities. Given the complexity and varied nature of contracts, there is a risk of misstatement in the timing and completeness of revenue recognition, particularly concerning the correct application of cut-off procedures at year-end.
We evaluated and tested the operating effectiveness of controls over revenue recognition across the Group. We performed substantive testing on a sample of contracts and invoices, focusing on period-end transactions to ensure correct cut-off. We also performed analytical procedures on revenue trends and obtained confirmations for a sample of major customer balances.

Emphasis of Matter

We draw attention to the following notes to the financial statements:

The utilization of proceeds from the Initial Public Offering (IPO) completed by Parent Company in financial year 2024-25. As at the reporting date, the Company has partially utilized the funds in accordance with the objects stated in the offer document. The balance unutilized amount, amounting to ₹43,550.0 thousand, has been temporarily parked in fixed deposit accounts with scheduled commercial banks. Management has represented that such utilization is in compliance with applicable regulatory requirements and the funds will be deployed as per the stated objects. Our opinion is not modified in respect of this matter.
The issuance and utilization of proceeds from the Convertible Share Warrants by Parent Company. During the year, the Parent Company raised funds through the issuance of Convertible Share Warrants. As per the terms of issuance, 25% of the warrant subscription amounting to ₹58,500 thousand was received as subscription money. Out of these proceeds, ₹58,450 thousand has been temporarily parked in fixed deposit accounts with a scheduled commercial bank.

Material Uncertainty Related to Going Concern

We have evaluated the Company's ability to continue as a going concern in accordance with SA 570 (Revised). Based on the audit procedures performed, including review of cash flow forecasts, analysis of the Company's significant cash and fixed deposit balances (₹114,884.58 thousand as at March 31, 2026), and discussions with management, we did not identify any material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from the balance sheet date

New Delhi Page 3 of 17

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

The Parent 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 Group in accordance with the AS and other accounting principles generally accepted in India specified under section 133 of the Act. This responsibility also includes the maintenance of adequate accounting records in accordance with the provision of the Act for safeguarding the assets of the Company and for preventing and detecting the 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 control, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to 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.

The Board of Directors are also responsible for overseeing the Group's financial reporting process.

Auditor's Responsibilities for the Audit of the Consolidated 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 detecting a material misstatement resulting from fraud is higher than for one resulting from

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Page 4 of 17

error, as fraud may involve collusion forgery, intentional omissions, misrepresentations, or the override of internal control.

Obtain an understanding of internal financial control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, 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 the 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 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 financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

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.

We obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision, and performance of the audit of the financial statements of such entities included in the consolidated financial statements of which we are the independent auditors.

Information Other than the Consolidated Financial Statements and Auditor's Report Thereon

The Parent Company's Board of Directors is responsible for the other information. The other information comprises the information included in the Annual Report (such as the Board's Report and Management Discussion and Analysis), but does not include the consolidated financial statements and our auditor's report thereon.

Our opinion on the consolidated 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 consolidated financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the consolidated 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.

Report on Other Legal and Regulatory Requirements

(A) As required by section 143(3) of the Act, based on our audit we report to the extent applicable 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 aforesaid consolidated financial statements.

b) In our opinion, proper books of account as required by law relating to preparation of the aforesaid consolidated financial statements have been kept, so far as it appears from our examination of those books.

c) The Consolidated Balance Sheet, the Consolidated Statement of Profit and Loss, the Consolidated Cash Flow Statement and the Consolidated Statement of Changes in Equity dealt with by this Report are in agreement with the relevant books of account maintained for the purpose of preparation of the consolidated financial statements.

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Page 6 of 17

d) In our opinion, the aforesaid consolidated financial statements comply with the Accounting Standards specified under Section 133 of the Act

e) On the basis of the written representations received from the directors of the Parent Company, none of the directors of the Parent Company is disqualified as on March 31, 2026 from being appointed as a director in terms of Section 164 (2) of the Act.

a) The Group does not have any pending litigations which would impact its financial position;

b) The Group did not have any long-term contracts including derivatives contracts for which there were any material foreseeable losses;

c) There were no amounts, which required to be transferred, to the Investor Education and Protection Fund by the Parent Company.

d) The Management of the Parent Company and its subsidiary companies have represented that, to the best of its knowledge and belief, to the Financial Statements, no funds (which are material either individually or in 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 Group 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 Group ("Ultimate Beneficiaries") or provide any guarantee, security or the like on behalf of the ultimate Beneficiaries.

e) The management of Parent Company and its subsidiary companies have represented, that, to the best of its knowledge and belief, no funds (which are material either individually or in aggregate) have been received by the group from any person or entity, including foreign entity ("Funding Parties"), with the understanding, 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;

g) The group neither has declared nor paid any dividend during the year, accordingly the provision of section 123 of the Act are not applicable to the company.

h) Based on our examination, the Parent Company and its subsidiary companies incorporated in India have used an accounting software for maintaining their books of account which has a feature of recording an audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions. Further during the course of our audit, we observed certain entries/transactions recorded in the books of accounts through the audit trail/log mechanism of the accounting software. We have obtained the duly signed audit trail report/details from the management for our verification and noted that the audit trail feature of the accounting software has been maintained in accordance with the applicable statutory requirements.

For K.S. Choudhary & Co.
Chartered Accountants
FRN: 508095C

Place: New Delhi
Date: 14.05.2026
UDIN: 26093027HLJUCX9185

"ANNEXURE A" TO THE INDEPENDENT AUDITORS' REPORT OF EVEN DATE ON THE CONSOLIDATED FINANCIAL STATEMENTS OF "SHARE SAMADHAN LIMITED" (Referred to in our report 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 Share Samadhan Limited ("the Parent Company") and its subsidiary companies, (the Parent Company and its subsidiaries together referred to as "the Group") as of 31 March 2026 in conjunction with our audit of the consolidated financial statements of the Group for the year ended on that date.

Management's Responsibility for Internal Financial Controls

The respective Board of Directors of the Parent Company and its subsidiary companies are responsible for establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the Group 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 ('ICAT').

These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to the Group's policies, 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 the Companies Act, 2013.

Auditors' Responsibility

Our responsibility is to express an opinion on the Group'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. Those Standards and the 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 were established and maintained and if such controls operated effectively in all material respects.

New Delhi
Page 9 of 17

Our audit involves performing procedures to obtain audit evidence about the adequacy of the Internal financial controls system over financial reporting and their operating effectiveness. The Hennes 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.

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

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:

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

Inherent Limitations of Internal Financial Controls over Financial Reporting

Opinion

In our opinion, the Parent Company and its subsidiary companies have, in all material respects, 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 me Group considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financials Reporting issued by the Institute of Chartered Accountants of India.

For K.S. Choudhary & CO.
Chartered Accountants
FRN: 508095C

Harish Kumar Choudhary
Partner
MRN: 093027
Place: New Delhi
Date: 14.05.2026
UDIN: 26093027HLJUCX9185

"ANNEXURE-B" to the Independent Auditor's Report of even date to the members of Share Samadhan Limited, on the Consolidated Financial Statements for the year ended on March 31, 2026.

(This is the annexure referred to in Para 1 of "Report on Other Legal and Regulatory Requirements" section of our Report of even date)

Report as Per the Companies (Auditor's Report) Order, 2020 ("Caro 2020")

Based on the audit procedures performed for the purpose of expressing an opinion on the consolidated financial statements of the Group and considering the information and explanations given to us and the books of account and other records examined by us, we report that:-

I. In respect of the Group's property, plant and equipment (including Right-of-Use assets) and intangible assets:

a. (A) The respective companies in the Group have maintained proper records showing full particulars, including quantitative details and situation of Property, Plant and Equipment and intangible assets
(B) The respective companies has maintained proper records showing full particulars of intangible assets

b. The Property, Plant and Equipment have been physically verified by the management in a phased manner, designed to cover all the items over a period of three years, which in our opinion, is reasonable having regard to the size of the group and nature of its business. Pursuant to the program, a portion of the fixed asset has been physically verified by the management during the year and no material discrepancies between the book's records and the physical fixed assets have been noticed.

d. The group has not revalued any of its Property, Plant and Equipment (Including Right of Use Assets) and intangible assets or both during the year. According reporting under clause 3(1)(d) of the order is not applicable to the group.

e. Based on the information provided and explanation given to us, we can report that no proceedings have been initiated or are pending against the group as at March 31, 2026 for holding any Benami Property under the Benami Transactions (Prohibition) Act 2008 (as amended in 2016) and rules made thereunder.

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II. In respect of Inventory

a. As explained to us, the inventory of the Group primarily consists of shares and securities held as stock-in-trade by a subsidiary company. The management has conducted physical verification of these securities at reasonable intervals during the year, and in our opinion, the coverage and procedure of such verification are appropriate. No material discrepancies of 10% or more in the aggregate for each class of inventory were noticed on such.

b. According to the information and explanations given to us, the Group has not been sanctioned working capital limits in excess of five crore rupees, in aggregate, from banks or financial institutions on the basis of security of current assets. Accordingly, clause 3(ii) (b) is not applicable.

III. In respect of Investments, Guarantees, Security, Loans or Advances

a. The group has made investments in, and granted advances in the nature of loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or any other parties during the year.

b. In our opinion, the investments made and the terms and conditions of the grant of loans, during the year are, prima facie, not prejudicial to the Group’s interest.

c. In respect of loans granted by the Group, the schedule of repayment of principal and payment of interest has been stipulated and the repayments of principal amounts and receipts of interest are generally regular as per stipulation.

d. In respect of loans granted by the Group, there is no overdue amount remaining outstanding as at the balance sheet date.

e. No loan granted by the Group which has fallen due during the year, has been renewed or extended or fresh loans granted to settle the overdues of existing loans given to the same parties.

f. The Group has not granted any loans or advances in the nature of loans either repayable on demand or without specifying any terms or period of repayment during the year.

IV. In respect of Loans, Investments, Guarantees and Security

a. The companies included in the consolidated financial statements have complied with the provisions of Sections 185 and 186 of the Companies Act, 2013 in respect of loans granted, investments made and guarantees and securities provided, as applicable.

INDIA

212, M. J. SHOPPING CENTRE

3, VEER SAVARKARBLOCK,

SHAKARPUR, DELHI - 110092

PH.:011-22528739, 42444729

V. In respect of deposits

a. The companies included in the consolidated financial statements have not accepted any deposits or amounts which are deemed to be deposits. Hence, the directives issued by the Reserve Bank of India and the provisions of Sections 73 to 76 of the Act are not applicable

VI. In respect of cost records

a. The maintenance of cost records has not been specified by the Central Government for the business activities carried out by any of the companies in the Group. Hence, clause 3(vi) is not applicable

VII. In respect of statutory dues

a. The companies in the Group have generally been regular in depositing undisputed statutory dues including Goods and Services Tax, Provident Fund, Employees’ State Insurance, Income Tax, etc. with the appropriate authorities. There were no undisputed amounts payable in respect of such statutory dues in arrears as at March 31, 2026, for a period of more than six months from the date they became payable.

VIII. In respect of Unrecorded transactions

a. No transactions not recorded in the books of account have been surrendered or disclosed as income during the year in the tax assessments under the Income- tax Act, 1961 by any company in the Group.

IX. In respect of loans and Borrowings

a. The Group has not been declared wilful defaulter by any bank or financial institution or government or any government authority

b. The term loans were applied for the purpose for which the loans were obtained.

c. On an overall examination of the financial statements of the Group, funds raised on short-term basis have, prima facie, not been used during the year for long- term purposes by the Group

Page 14 of 17

INDIA

d. On an overall examination of the financial statements of the Group, the Group has not taken any funds from any entity or person on account of or to meet the obligations of its subsidiaries

e. The Group has not raised loans during the year on the pledge of securities held in its subsidiaries.

X. In respect of Funds raised and utilization

a. The Parent Company has raised moneys by way of initial public offer during the financial year 2024-25, and the funds have been applied for the purposes for which they were raised, with unutilized funds temporarily parked in fixed deposits.

b. The companies in the Group have raised funds by way of preferential allotment, by issuing the Convertible Share Warrants during the year. The unutilized funds have been temporarily parked in fixed deposits.

XI. In respect of Fraud

a. To the best of our knowledge and according to the information & explanation given to us, and on the basis of representation of the management which we have relied upon no fraud by the Group or any fraud on the Group has been noticed or reported during the year. Accordingly, the provision of clause 3(xi) (a) of the order is not applicable

c. No whistle blower complaints were received by the company during the year. Accordingly, no such complaints were reported by us.

XII. In respect of Nidhi Company

a. The Companies in the group is not a Nidhi Company and hence reporting under clause 3(x11) of the Order is not applicable to the group

XIII. In respect of Related Party Transaction

a. In our opinion, the Group is in compliance with Section 177 and 188 of the Companies Act, 2013 with respect to applicable transactions with the related parties and the details of related party transactions have been disclosed in the Consolidated financial statements as required by the applicable accounting standards

XIV. In respect of internal audit

Page 15 of 17 New Delhi

a. Based on information and explanations provided to us and upon our audit procedures, the Companies in the group has an Internal Audit System commensurate with the size and nature of its business

b. We have considered, the internal audit reports, for the year under audit, issued to the Companies in the group during the year and till date, in determining the nature, timing and extent of our audit procedures

XV. In respect of Non cash transactions

a. In our opinion, during the year, the Group has not entered into any non-cash transactions with directors or persons connected with them and hence provisions of Section 192 of the Companies Act, 2013 are not applicable to the Group.

XVI. In respect of registration under RBI Act

a. The Companies in the group is not required to be registered under Section 45- IA of the Reserve Bank of India Act, 1934 (2 of 1934). Accordingly, clause 3(xvi) (a) of the Order is not applicable.

b. In our opinion, the Companies in the group has not conducted any Non-Banking Financial or Housing Finance activities without a valid Certificate of Registration (CoR) from the Reserve Bank of India as per the Reserve Bank of India Act, 1934. Accordingly, clause 3(xvi) (b) of the Order is not applicable

c. In our opinion, the Companies in the group is not a Core Investment Company (ICC) as defined in the regulations made by the Reserve Bank of India. Accordingly, clause 3(xvi) (c) of the Order is not applicable

XVII. In Respect of cash losses

a. The Group has not incurred cash losses in the current by and in the immediately preceding financial year.

XVIII. In respect of resignation of statutory auditors

a. The statutory auditors of the Companies in the group have not resigned during the year, thus, reporting under cause 3(xviii) of the Order is not applicable on the Companies in the group

XIX. In respect of Material Uncertainty on Meeting Liabilities

a. On the basis of the financial ratios, ageing and expected dates of realization of financial assets and payment of financial liabilities of the Group, other information accompanying the consolidated financial statements, our knowledge of the Board of Directors and Management

Page 16 of 17
New Delhi

plans, nothing has come to our attention which causes us to believe that any material uncertainty exists as on the date of the audit report that the Group is not capable of meeting its liabilities existing at the date of the balance sheet as and when they fall due within a period of one year from the balance sheet date..

XX. In respect of Corporate Social Responsibility

a. There are no unspent amounts towards Corporate Social Responsibility (CSR) requiring a transfer to a Fund specified in Schedule VII to the Companies Act in compliance with second proviso to sub-section (5) of Section 135 of the said Act. Accordingly, reporting under clause 3(xx) (a) of the Order is not applicable for the year. There are no unspent amounts towards Corporate Social Responsibility (CSR) requiring a transfer to a special account in compliance with provision of sub-section (6) of section 135 of the said Act. Accordingly, reporting under clause 3(xx)(b) of the Order is not applicable for the year.

XXI. In respect of Qualifications in Consolidated CARO

a. There have been no qualifications or adverse remarks by the respective auditors in the Companies (Auditor’s Report) Order (CARO) reports of the subsidiary companies included in the consolidated financial statements

For K S Choudhary & Co.
Chartered Accountants
FRN: 508095C

Place: New Delhi
Date: 14.05.2026
UDIN: 26093027HLJUCX9185

Share Samadhan™

सारे समाधान

Annexure -I

Date: 14/05/2026

To,

Manager - Listing Department
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai - 400 001,
Maharashtra, India

Scrip Code: 544251
Scrip ID: SSL

Dear Sir,

Subject: Declaration in respect of unmodified opinion on Audited Standalone Consolidated financial results for the Half Year and Year ended March 31, 2026

Respected Sir/ Madam,

Pursuant to Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time, we hereby confirm and declare that M/s. K S Choudhary & Co., statutory auditors of the Company have issued an unmodified Audit Report on the Audited Financial Results of the Company for the half yearly and financial year ended March 31, 2026.

Kindly take the same on your record.

For, Share Samadhan Limited

PRAGYA BHANSALI
Digitally signed by PRAGYA BHANSALI
Date: 2026.05.14
16:02:19 +05'30'

Pragya Bhansali
Compliance Officer & Company Secretary

Share Samadhan Limited
CIN: L67190DL2011PLC229303
Regd. Office: B-35, Lower Ground Floor, South Extension Part 2, New Delhi - 110049 (Bharat)
[email protected] | 8800 33 2200 | www.sharesamadhan.com
चाहिए सारे समाधान तो है Share Samadhan
India's Largest Unclaimed Investment & Debtor Recovery Company

Annexure -II

Appointment of M/s Anuj Gupta & Associates as Secretarial Auditor

S.No.	Details of Events that need to be provided	Information of such events(s)
1.	Reason for change viz. appointment, resignation, removal, death or otherwise	Appointment
2.	Date of appointment /reappointment/cessation (as applicable) & term of appointment /re-appointment	13.05.2026, for a term of one year (FY-2025-26)
3.	Brief profile (in case of appointment)	Anuj Gupta (Membership No. A31025) is a Practicing Company Secretary and founder of Anuj Gupta & Associates, a firm of Company Secretaries based in New Delhi. With over a decade of professional experience, he specializes in corporate laws, secretarial compliances, and regulatory advisory services.
4.	Disclosure of relationships between directors (in case of appointment of a director)	Not Applicable

Share Samadhan Limited

CIN: L67190DL2011PLC229303

Regd. Office: B-35, Lower Ground Floor, South Extension Part 2, New Delhi - 110049 (Bharat)

[email protected] | 8800 33 2200 | www.sharesamadhan.com

India's Largest Unclaimed Investment & Debtor Recovery Company

चाहिए सारे समाधान जो है Share Samadhan

Statement of Deviation(s)/Variation(s) in the Utilization of the Fund Raised through Preferential Issue of Warrants

Name of listed entity	Share Samadhan Limited
Mode of Fund Raising	Preferential Issue – Warrants
Date of Raising Funds	Date of Allotment – 01.10.2025
Amount Raised till 31st march,2026	Rs.5,85,00,000 /-
Report filed for Half Year ended	31st March,2026
Monitoring Agency	Not Applicable
Monitoring Agency Name, if applicable	Not Applicable
Is there a Deviation / Variation in use of funds raised	No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders	Not Applicable
If Yes, Date of shareholder Approval	Not Applicable
Explanation for the Deviation / Variation	Not Applicable
Comments of the Audit Committee after review	None
Comments of the auditors, if any	None
Objects for which funds have been raised and where there has been a deviation, in the following table
Original Object	Modified Object, if any
---	---
Not Applicable as there is no deviation or variation from the object

Deviation or variation could mean:
(a) Deviation in the objects or purposes for which the funds have been raised or
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed
or
(c) Change in terms of a contract referred to in the fund-raising document i.e. prospectus, letter of offer,etc

चाहिए सारे समाधान जो है Share Samadhan

Annexure -III

Statement of Deviation(s)/Variation(s) in the Utilization of the Fund Raised through IPO

Name of listed entity	Share Samadhan Limited
Mode of Fund Raising	Public Issue – IPO
Date of Raising Funds	Date of Allotment – 12.09.2024
Amount Raised	Fresh Issue – Rs.24,05,88,800/-
Report filed for Half Year ended	31^{st} March,2026
Monitoring Agency	Not Applicable
Monitoring Agency Name, if applicable	Not Applicable
Is there a Deviation / Variation in use of funds raised	No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders	Not Applicable
If Yes, Date of shareholder Approval	Not Applicable
Explanation for the Deviation / Variation	Not Applicable
Comments of the Audit Committee after review	None
Comments of the auditors, if any	None
Objects for which funds have been raised and where there has been a deviation, in the following table
Original Object	Modified Object, if any
---	---
Not Applicable as there is no deviation or variation from the object

Deviation or variation could mean:

(a) Deviation in the objects or purposes for which the funds have been raised or
(b) Deviation in the amount of funds actually utilized as against what was originally disclosed or
(c) Change in terms of a contract referred to in the fund-raising document i.e. prospectus, letter of offer,etc

AI assistant

Share Samadhan Limited — Interim / Quarterly Report 2026

62979_rns_2026-05-14_8021a5d0-befe-46bc-816c-a678168c2629.pdf

Share Samadhan

सारे समाधान

SHARE SAMADHAN LIMITED

INDEPENDENT AUDITOR'S REPORT

SHARE SAMADHAN LIMITED

Opinion

Basis for Opinion

Key Audit Matters

1. Unquoted Investments and Advances

Description:

Audit Response:

2. Deployment of IPO Proceeds and Operational Performance

Description:

Audit Response:

3. Issuance and Deployment of Convertible Share Warrants

Audit Response:

4. Revenue Recognition from Advisory and Recovery Services

4. Recoverability and Valuation of Short-Term Advances and Trade Receivables

Emphasis of Matter

Material Uncertainty Related to Going Concern

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

Auditor's Responsibilities for the Audit of the Financial Statements

Information Other than the Financial Statements and Auditor’s Report Thereon

Report on Other Legal and Regulatory Requirements

Management's Responsibility for Internal Financial Controls

Auditors' Responsibility

Meaning of Internal Financial Controls over Financial Reporting

Inherent Limitations of Internal Financial Controls over Financial Reporting

Opinion

Report as Per the Companies (Auditor's Report) Order, 2020 ("Caro 2020")

(i) In respect of the Company's property, plant and equipment (including Right-of-Use assets) and intangible assets:

(ii) In respect of Inventory

(iii) In respect of Investments, Guarantees, Security, Loans or Advances

(viii) In respect of Unrecorded transactions

(ix) In respect of loans and Borrowings

(x) In respect of Funds raised and utilization

(xi) In respect of Fraud

(xii) In respect of Nidhi Company

(xiii) In respect of Related Party Transaction

(xiv) In respect of internal audit

(xv) In respect of Non cash transactions

(xvi) In respect of registration under RBI Act

(xvii) In Respect of cash losses

(xviii) In respect of resignation of statutory auditors

(xix) In respect of Material Uncertainty on Meeting Liabilities

(xx) In respect of Corporate Social Responsibility

(xxi) In respect of Qualifications in Consolidated CARO

INDEPENDENT AUDITOR'S REPORT

SHARE SAMADHAN LIMITED

Basis for Opinion

Key Audit Matters

1. Audit of the Consolidation Process

Audit Response

2. Unquoted Investments and Advances

3. Revenue Recognition Across the group

Emphasis of Matter

Material Uncertainty Related to Going Concern

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

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

Information Other than the Consolidated Financial Statements and Auditor's Report Thereon

Report on Other Legal and Regulatory Requirements

Management's Responsibility for Internal Financial Controls

Auditors' Responsibility

Meaning of Internal Financial Controls over Financial Reporting

Inherent Limitations of Internal Financial Controls over Financial Reporting

Opinion

Report as Per the Companies (Auditor's Report) Order, 2020 ("Caro 2020")

I. In respect of the Group's property, plant and equipment (including Right-of-Use assets) and intangible assets:

II. In respect of Inventory

III. In respect of Investments, Guarantees, Security, Loans or Advances

IV. In respect of Loans, Investments, Guarantees and Security

V. In respect of deposits

VI. In respect of cost records

VII. In respect of statutory dues

VIII. In respect of Unrecorded transactions

IX. In respect of loans and Borrowings

X. In respect of Funds raised and utilization

Share Samadhan Limited Interim / Quarterly Report 2026