Source Industries (India) Ltd — Audit Report / Information 2025

Aug 12, 2024

Navath Digitally signed by Navath Sudhakar Sudhakar Date: 2024.08.12 15:34:56 +05'30'

Navath Digitally signed by Navath Sudhakar Sudhakar Date: 2024.08.12 15:35:14 +05'30'

M.N. KAO & ASSOCIATES Chartered Accountants

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Independent Auditor's Review Report on Quarterly and Three months ended Unaudited Financial Results of Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

To The Board of Directors of Source Industries (India) Limited

We have reviewed the accompanying statement of unaudited financial results of the M/s. Source Industries (India) Limited ("Company") for the quarter and three months ended June 30'11, 2024 (the "Statement") attached herewith, being subn'litted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, as amended.

This statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting", prescribed under Section 133 of the Companies Act 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial lnfonnation Perfo1111ed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India (ICAr). A review of interim financial infonnation consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Based on our review conducted as stated above, nothing has come to our attention that causes us to believe that the accompanying statement, prepared in accordance with the aforesaid Indian Accounting Standards ("Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Place: Hyderabad Date : I 2-08-2024

For MN Rao & Associates Chartered Accountants FRN .No.005386S Mattapalli Digitally signed by Mattapalli Venkata Venkata Rathnam Date: 2024.08.12 Rathnam 15:32:49 +05'30' (M V Ratnam) Partner M.No. 008314 UDJN: 24008314BKA1Ll7253

Flat No.303, Plot No.135, Prabha Mansion, Kalyan r,Jagar Phase I, HYDERABAD - 500 038. Ph: 040 - 2354 4985 E-Mail: mnraoandassociates@gmail.com