Date: 15ft May,2Q24

Dear Sir lMadam,

Sub: Outcoiqre of Board Meetine held on 15th Mav.2024

ISIN- INE643KO1O18 Meeting start Time: - 12.30 pm Meeting end Time: - pm

In the meeting of the Board of Directors of the Company members considered the following proposal: -

• 1. Considered, discussed and adopted the Audited Financial Results under regulation 33 of SEBI LODR for Yearlllalf YearlQuarter ended 3 l't March , 2024 .
• 1. Board authorize Managing Director of the Company to sign Audited Financial Results under regul"ation 33 of listing agreement for Year/I{alf Year/Quarter ended 31" March,2024. ',it
• 1. Considered and approved the related party disclosure submitted by the auditor for disclosure under regulation 23(9) for the Year/Half YearlQuarter ended 3l't March,2024'
• 1. Considered and recommended Final Dividend of Rs. 1.2i- per share for the financial year 2023-24, subject to the approval of members in Annual General Meeting.
• 1. Considered and noted the voluntary waiver of dividend for the year 2023-24by the promoter group.
• 1. Considered and approved Related Party Transactions received from the Audit Committee: i. Omnibus approval for Related Party Transactions for Financial Year 2024-25
• ii. I' Material Related Party Transactions Limit raised upto 2OO crores

Subject to the approval of members.

1. Considered and approved appointment of Mr. Vijay Satvir Additional Independent Director of the Company. : 06507508) as an Digitally signed

t5 r 900MH | 983P1C029543

Arihont Auro, B-Wing ,25'n Floor, Plot No 13/1, t, TTC T"1., O;Sgt*6 fndusfriol Areo, Thone Belopur Rood, : O22 6249 ³³⁴⁴ Turbhe, Novi Mumboi, Mohoroshtro - 4OO705 l Chhajer 10:35:48 +05'30'

• g. Considered and discussed revision in terms of appointment of the Directors and Key Managerial Personnel and. evaluation of increase in remuneration as per the performance evaluation submitted and taken on table by the board, Subject to the approval of rnembers.
• g. Considered and discussed the terms for sale of Villa in Project named and known as "Arihant World Villas" to Ms. Komal Nimish Shah relative of Mr. Nimish Shah Director of the company.
• 1. Consrdered and discussed the terms of proposed term loan facility with SBI for Arihant World Villas for Construction Finance to be availed by the company upto Rs. 350 Crores (Rupees Three Hundred Fifty Crores onlY).
• I 1. Considered and discussed the terms of raising funds through issuance of securities upto Rs. I2OO Cr, subject to the approval of members'
• 1. Considered and discussed the increase in borrowing limit under section 180 (1) (a) and (c) Rs. 2OOO Cr, subject to the approval of members'
• 1. Considered and discussed the appointment of Mr. Anjani Goyal as Internal Auditor of the Comlany for the financial yeat 2024-25, Subject to the approval of members.
• 1. Considered and discussed the appointment of D. K. Kamat & Co. as Secretarial Auditor of the Company for the financial yeat 2024-25, Subject to the approval of members.
• l5.Considered and discussed the matter of performance Evaluation of all Directors including Independent Directors for the previous year 2023-24.
• 1. Considered and approved the proposal to avail Loan from Bajaj/ STCI Bank in relation to business Development and working capital needs of the company.
• 1. No other matter for discussion the meeting was concluded with vote of thanks'

Kindly take note of the above. Thanking you, Yours faithfullv. For Arihant Su Ashokkumar Chha Chairman & Managin Date:15th May,2024 Place: NaviM:rmbai t5l 900tUlH | 983PtC029643 Ashokku mar Bhanwarl al Chhajer Digitally signed by Ashokkumar Bhanwarlal Chhajer Date: 2024.05.16 10:35:18 +05'30'

Arihont Auro, B-Wing ,25h Floor, Plor No l3ll , TTC Industriol Areo, Thone Belopur Rood, Turbhe, Novi Mumboi, Mohoroshtro - 4OO705

022 6249 3333 ^j o22 6249 3344 ⁱ

www.osl.net.in [email protected]

Date: 15ft May, 2024

Dear Sir /Madam,

As per Regulation 33(3) (a) Financial Results of the sEBI (Listing obligations and Disclosure Requirements) Regulations ' 2075, we hereby by submit the Audited Standalone and consolidated Financial results for the year/Half YearlQuarter ended 3 I st March, 2024.

Kindly take note of the above. Thanking you, Yours faithfully, For Arihant

Ashokkumar Chhaje Chairman & Managing Date:15th May,2024 Place: NaviMumbai w

Arihonf Auro, B-Wing , 25,n Floor, plot No l3l1 , TTC Industriol Areo, Thone Belopur Rood, Turbhe, Novi Mumboi, Mohoroshtro - 40O7O5

Tel.: O22 6249 3333 o22 6249 3344

www.osl.nel.in [email protected]

Date: 15tr Mav. 2024

I' Ashokkumar chhajer, chairman & Managing Director of Arihant Superstructures Limited (cIN: L51900MH1983PLC029643) ("the Company"), hereby declare that IWs. Ummed Jajn & Co., Chartered Accountants, (FRN: 119250w),the Statutory Auditors of the company have issued a Limited Audit Report with unmodified opinion on the AuditedJinancial result (standalone and consolidated) of the company for the Y ear I Half Y ear/euarter ended 3 l't March, 2024.

This declara. ion is given pursuant to Regulation 33(d) Requirements) Regulations, 2015 as amended read with May 27,2016. of the SEBI (Listing Obligations and Disclosure circular number CIR/CFD/CMDISBIZOIS dated

Kindly take note of the above. Thanking you, Yours faithfully, For Arihant

Ashokkum ai-Ctrtra Chairman & Managrng Date:15th May,2024 Place: NaviMumbai

Ashokkuma r Bhanwarlal Chhajer Digitally signed by Ashokkumar Bhanwarlal Chhajer Date: 2024.05.16 10:36:26 +05'30'

ii=

¹⁵| 900MH | 983PLCO29 ⁶⁴³ Arihont Auro, B-Wing , 25,h Floor, plot No l3ll . TTC Industriol Areo, Thone Belopur Rood, Turbhe, Novi Mumboi, Mohoroshlro _ 4OOTO5

o22 6249 3333 o22 6249 3344

www.osl.nel.in [email protected]

ARIHANT SUPERSTRUCTURES LIMITED

CIN: L5 l900MH 1983pLC029643

Regd office: Arihant Aura, B-wing, 25th Floor, prot No. 13/ 1, TTc Industrial Area, Thane Belapur Road, Turbhe, Navi Mumbai _ 4OO 705 Tel: O22 - 62493335 Fax: O22 - ^62493334E_Mail: info(@asl.net.in

Audited standalone statement ofAssets and Liabilitiea aa on March 81, 2o24

,vY)

Ashokkuma r Bhanwarlal Chhajer Digitally signed by Ashokkumar Bhanwarlal Chhajer Date: 2024.05.16 10:36:42 +05'30' ARIHANT SUPERSTRUCTURES LIMITED

ARIHANT SUPERSTRUCTURES LIMITED

CIN: L51900MH1983PLC029643

Regd Office: Arihant Aura, B-Wing, 25th Floor, Plot No. 13/1, TTC Industrial Area,

Thane Belapur Road, Turbhe, Navi Mumbai - 400 705

Tel: 022 – 62493333 Fax:

Audited Standalone Financial Results for the Quarter and year Ended March 31, 2024

*Company has issued 20,90,000 share warrants on 20.12.2023 which will be converted into 20,90,000 equity shares.

Ashokkuma Digitally signed

r
Bhanwarlal Bhanwarlal Chhaier

Date: 2024.05.16 Chhajer/ $10:36:53 + 05'30'$

/IRIIIANT SUPERSTRUCTURES LIMITED

CIN: L5 I 9OOMH t9B3pLCO29643

Regd O{fice: Arihant Aura, B-Wing, 25th Floor, plot No. 13/l,TTC Industrial Area, Thane Belapur Road, Turbhe, Navi Mumbai - 4OO 7Os Tel: O22 - 62493333 Fax: O22 - 62493334 E-Mail: [email protected]

Audited Caeb Flow Statement for the yeer ended March SJ.,2Ct24

Ashokkuma r Bhanwarlal Chhajer Digitally signed by Ashokkumar Bhanwarlal Chhajer Date: 2024.05.16 10:37:08 +05'30'

^zMay l5r 2024 Place: Navi Mumbai (Chairman & Managi : L5 1 9OOMH 1983PLC'O29643

Ashokkumar Bhanwarlal Chhajer Digitally signed by Ashokkumar Bhanwarlal Chhajer Date: 2024.05.16 10:37:19 +05'30'

ARIHAITT SUPERSTRUCTURES LIMITED

CIN: L5 1 900MHt9B3pLCO2g643

Regd office: Arihant Aura, B-wing, 25th Froor, plot No. 13/ 1, TTc Industrial Area, Thane Belapur Road, Turbhe, Navi Mumbai _ 4OO ZOs Tel: O22 - 62493333 Fax: O22 _ 62493g34 E_Mail: [email protected]

Audited consolrdated statement ofAssets and Lrabtrttea aa on March 3r, ²⁰²⁴

Ashokkumar Bhanwarlal Chhajer Digitally signed by Ashokkumar Bhanwarlal Chhajer Date: 2024.05.16 10:37:32 +05'30'

ARIHANT SUPERSTRUCTURES LIMITED

CIN: L51900MH1983PLC029643

Regd Office: Arihant Aura, B-Wing, 25th Floor, Plot No. 13/1, TTC Industrial Area, Thane Belapur Road, Turbhe, Navi Mumbai - 400 705

Tel: 022 - 62493333 Fax: 022 - 62493334 E-Mail: [email protected]

Audited Consolidated Financial Results for the Quarter and Year Ended March 31, 2024

*Company has issued 20,90,000 share warrants on 20.12.2023 which will be converted into 20,90,000 equity shares.

$\cdot$ ŗ

Ashokkuma Digitally signed by

r Bhanwarlal Bhanwarlal Chhajer

Chhajer Date: 2024.05.16

Chhajer 10:37:43 +05'30'

ARIHANT LIMITED

CIN: L5 1900MH1983P10O29643 Regd Office: Arihant Aura, B-Wing, 25th Floor, Plot No. L3 /L,'fiC Industrial Area, Thane Belapur Road, Turbhe, Navi Mumbai - 4OO 7Os TeI:, O22 - 62493333 Fa:r: 022 - 62493334 E-Mail: [email protected]

Audlted Consolidated Cash Flow Statement for the Year ended March 31,204,4

Ashokkuma r Bhanwarlal Chhajer Digitally signed by Ashokkumar Bhanwarlal Chhajer Date: 2024.05.16 10:37:55 +05'30'

Notes:

• 1 The Audited Consolidated Financial Results for the quarter and year ended March 31, 2024 which are published in accordance with Regulation 33 and 52 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meeting held on May 15, 2024. The statutory auditors of the Company have carried out the limited review of above financial results of the Group and expressed an unmodified conclusion.
• 2 The Standalone Financial Results for the quarter and year ended March 31, 2024 are summarized below and detailed have been sub mitted to the BSE Limited (www.bseindia.com) and National Stock Exchange of India Limited (www.nseindia.com), where the equity shares of the Company are listed.

3 The above stated figures are in accordance with the principles and procedures of Indian Accounting Standards ("Ind AS") as notified under the Companies (Indian Accounting Standards) Rules, 2015 as specified in section 133 of the Companies Act, 2013, wherein Standalone Net Worth as at 31.03.2024 and Profit After Tax (PAT) for the quarter ended 31.03.2024 of Holding and Subsidiaries are as follows -

• 4 The Subsidiaries considered in the Consolidated Financial Statements as at March 31, 2024 are namely Arihant Abode Ltd (60%), Arihant Vatika Realty Pvt. Ltd (60%), Arihant Gruhnirman Pvt. Ltd (60%), and Arihant Aashiyana Pvt. Ltd (60%), Dwellcons Pvt. Ltd (100%).
• 5 The company had issued and allotted warrant on a preferential basis up to 2090000 (Twenty Lakhs Ninety Thousand only) fully convertible warrants ("Warrants") to the person being an individual/entity not belonging to the Promoter Category ("Proposed Warrant Allottee"), based on the receipt of inprinciple approval on September, 5th, 2023 under Regulation 28(1) of Securities and Exchange Board of India Page 1 (Listing Obligations and Disclosure Requirements) Regulations, 2015 for each convertible into, or exchangeable for, at an option of the Proposed Warrant Allottee, in one or more tranches, one Equity Share (pari- passu) of face value of INR 10/- each, for cash at an issue price of INR 180.071/- per Warrant (including a premium of INR 170.071/per Warrant) which is more than the price as determined by the Board in accordance with the pricing guidelines prescribed under Chapter V of the SEBI ICDR Regulations ("Warrant Issue Price") for an amount not exceeding INR 50,00,00,000 (Indian Rupees Fifty Crores), and to issue fresh Equity Shares on the conversion of Warrants on such terms and conditions as may be determined by the Board in accordance with the provisions of Chapter V of the SEBI ICDR Regulations or other applicable laws.
• 6 The company has proposed divided of Rs 1.20 per share of rs 10 each subject to approval of share holders in AGM. The promoters group have given the consent to waiver to not take proposed dividend
• 7 As the Company's business activity falls within a single business segment viz. 'Development of Real Estate Property', the audited consolidated financial results are reflective of the information required by Ind AS 108 "Operating segments".
• 8 In terms of the Accounting Policy for revenue recognition, estimates of revenues and costs are reviewed periodically by the management and the impact of any change in such estimates are recognized in the period in which such changes are determined.
• 9 Figures for Previous Period/year have been regrouped/re-arranged and re-classified wherever considered to confirm to current period's classification.

Date: May 15, 2024 Place: Navi Mumbai Ashokkuma Digitally signed by r Bhanwarlal Bhanwarlal Chhajer Date: 2024 05 16 Chhajer 10:38:07 +05'30'

IVANIIN IVAN Ashok Chhajer $\infty$ (Chairman & Managing Director) TALS

CIN: L51900MH1983PLC029643

K-JN4\$\$'XffiK) \$-eXhl & C\$.

{,.' h:r x*rcii Acc<,:unt**is

51, Snehdhara, JeevanVikas I(endra Marg, Andheri (E), Murnbai - 69 Ph: 9l-22-26827498 91 -9323 600966, 8 890033 333 E-mail: ujc 1 98 1 @ grrail.corn

Independent Auditor's Report on the Quarterly and Year to Date Audited standalone Financial Results of the company Pursuant to the Reguiation 33 and 52 of the sEBI (Listing obligations and Disclosure Requirements) Regulationr, z0t5 as amended.

To the Board of Directors of Arihant superstructures Limited Report on the Audit of the standalone Financial Results

Opinion

we have audited the accompanying standalone financial result of Arihant Superstructures Limited [hereinafter referred to as 'the company') for the year ended March 3r,zlz4,attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 and S2of the Securities and Exchange Board of India [Listing obligations and Disclosure RequirementsJ Regulations, 2 015, as amended ['Listing Regulation,).

In our opinion and to the best of our information and according to the explanation given to us, the aforesaid standalone financial resuits :

• a' is presented in accordance with the requirements of Listing Regulations in this regards; ancl b' 'give a true and fair view in conformity with the recognition and measurement principles laid down in the appiicable Indian Accounting standards prescribed under Section 133 of the Companies Act 2013, ["the Act"] read with Companies flndian Accounting Standards) Rules, "':rJ15 and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information of the company for the year ended March 31,,2024.

Basis for Opinion

we conducted our audit in accordance with the Standard on Auditing ["SAs") specified under section 143(10) of the companies Act, 201'3 ("the Act"J. our responsibilities under those SAs are further described in the Auditor's Responsibilities for the Audit of the Standalone Financial Resultssection of our report' we are independent of the company, in accordance with the Code of Ethics issued by the Institute of chartered Accountants of India together with the ethical requirement that are relevant to our audi: of standalone financial statement under the provision of the Ac! and the Rules thereunder, and we irave fulfilled our other ethical responsibilities in accordance with these requirements and the code of Ethics' we believe that the audit evidence we have obtained, is sufficient and appropriate to provide a basis for our opinion on the standalone financial results.

Management's and Board of Director's Responsibitities for the standalone Financial Results

This statement, which is the responsibility of the company's Management and approved by the Board of Directors, have been prepared on the basis of the standalone annual financial statements.

The company's Management and the tsoard of Directors are responsible for the preparation and presentation of these standalone annual financial results that give a true and fair view of the net profit and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting standards prescribed under section ¹³³ of the Act and other accounting principles generally accepted in India and in compliance with Regulation 33 and 52 of the Listing Regulation. This responsibility also includes maintenance of adequate accounting records in accordance with the provision of the Act for safeguarding of the assets of the company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectiveiy for ensuring accuracy and compreteness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are free from material misstatemen! whether due to fraud or error.

In preparing the standalone financial results, the Management and the Board of Directors are responsible for assessing the company's ability to continue as a going concern, disclosing as applicable, matters related to going concern and using the going concern basis of accounting un less the Management and Board of Directors either intends to liquidate the company or ro cease operations, or has no realistic alternative but to do so.

The Board of Directors is responsible for overseeing the company's financial reporting process-

Auditor's Responsibilities for the Audit of the standalone Financial Results

our objectives are to obtain reasonable assurance about whether the standalone financial results as ^a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion' Reasonabie 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, individuaily or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

• o ' ldentify and assess the risks of material misstatement of the standalone financial results, v"hether 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 controi.
• obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143t3Jiil of the Ac! we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such .,-S_uLh'.

• ' Evaluate the appropriateness ofaccounting poricies used and estimates and related disclosures in the standalone financial and Board ofDirectors. the reasonableness of accounting results made by the Management
• ' Conclude on the appropriateness of the Management and Board of Directors 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 appropriateness of this assumption. 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 standalone financial results 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, ^oEvaluate the overall presentation, structure, and content of the standalone financial results, inciuding the disclosures, and whether the standalone financial results represent the underlying transactions and events in a manner that achieves fair presentation.

we communicated with those charged with governance of the company of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, includin g any significant deficiencies in internal control that we identify during our audit.

we also have provided 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 whcre applicable, related safeguards

Other Matters

The standaione financiai results include the resuits for the quarter ended March 31,,2024 being the balancing figure between the audited figures in respect of the full financial year and the published unaudited year to date figures up to the third quarter of the current financial year prepared in accordance with the recognition and measurement principles Iaid down in Indian Accounting Standard ³⁴"lnterim Financial Reporting" which were subject to limited review by us.

The standalone financial statements of the company for the year ended March 31,, z0zz,were audited by another auditor who expressed an unmodified opinion on those statements on March 31,2023 vide their report dated 2ZndMay,2023 .

our opinion is not modified in respect of the above matters.

For Ummed fain & Co.

Chartered Accountants ICAI Firm Registration No. 119250W

Ltr-c"'^ [CA U.M. fain]

Partner Membership No. 070863 UDIN: 2-\zoSdJ@Kq Date: May 15 ,2024 Place: Navi Mumbai

UMMHD IAIN & CO. Clha:tered Acco*rtta::ts

51, Snehdhara, JeevanVikas Kendra Marg, Andheri (E), Mumbai - 69 Ph:91-22-26827 498 ⁹| -9323 600966, 889003 333 3 E-mail: uj cl 98 I @gmail.com

Independent Auditor's Report on the Quarterly and Year to Date consolidated Financial Results of the Company pursuant to the Regulation 33 of the sEBI (Listing obligations and Disclosure Requirements) Regulations, 2015, as amended

To the Board of Directors of Arihant superstructures Limited

Report on the audit of the consolidated Annual Financial Results

Opinion

We have audited the accompanying consolidated annual financial result of Arihant superstructures r'imited (,hereinafter referred to as 'the Holding Company') and its subsidiaries (the Holding Company and its subsidiaries together referred to as "the Group") as listed in Annexure ' I, for the year ended March 31' 2024' atached herewith' being submitted by the Holding company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulation').

In our opinion and to the best of our information and according to the explanation given to us, the aforesaid consolidated annual financial results:

• a. include the annual financial results of the Holding Company and the entities enumerated in Annexure I to this rePort:
• b. are presented in accordance with the requirements of the Listing Regulations in this regards; and
• c. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards, and other accounting principles generally accepted in India' of the net profit and other comprehensive income and other financial information of the group for the year ended March31,2024.

Basis for OPinion

we have conducted our audit in accordance with the Standard on Auditing ("SAs") specified under Section 1a3(10) of the companies Act, 2013 (..the Aa"). our responsibilities under those sAs are further described in the Auditor's Responsibilities for the Audit of the consolidatei Annual Financial Resul3 section of our report' we are independent of the Group, and of its jointly controlled entities in accordance with the Code of Ethics issued by the Institute of chartered Accountants of India together with the ethical requirement that are relevant to our audit of the consolidated financial statement under the provision of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the code of Ethics' we believe that the audit evidence we have obtained, is sufficient and appropriate to provide a basis for our opinion on the consolidated annual financial results.

Management s and Board of Director's Responsibilities for the Consolidated Financial Results

This consolidated annual financial results, which is the responsibility of the Holding Company's management and approved by the Holding Company's Board of the Director, have been prepared on the basis of the consolidated annual financial statements.

The Holding Company's Management and the Board of Directors are responsible for the preparation and presentation ofthese consolidated annual financial results that give a true and fair view ofthe net profit and other comprehensive income and other financial information of the group in accordance witJr the recognition and measurement principles laid down in Indian Accounting Standards prescribed under section 133 of the Act and other accounting principles Regulation. The resPective generally accepted in India and in compliance with Regulation 33 of

Vv

Management and Board of Directors of the companies included in the Group are responsible for mainten ance of adequate accounting records in accordance with ihe provisions ofthe Act for safeguarding ofthe assets ofthe group and for preventing and detecting frauds and other iriegularities;selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and pruden! and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated annual financial results that give a true and fair view and are free from material misstatement, whether due to fraud ()r error' which have been used for the purpose of preparation of the consolidated annual financial results by the Management and the Directors of the Holding Company, as aforesaid'

In preparing the consolidated annual financial results, the Management and the respective Board of Directors ofthe companies included in the Group are responsible for assessing the abiliw of each company to continue as a going concern, disclosing as applicablg matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Company or to cease operations' or has no realistic alternative but to do so'

The respective Board of Directors of the companies included in the group is responsible for overseeing the cornpany's financial reporting process ofeach company'

Auditor's Responsibilities for the Audit of the consolidated Financial Results

our objectives are to obtain reasonable assurance about whether the consolidated annual financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's repoft 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 ofusers taken on the basis ofthese consolidated annual financial results'

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

• o ldentiff and assess the risks of material misstatement of the consolidated annual financial results' 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'
• o Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 1a3(3)(i) of the Act, we are also responsible for expressing our opinion through a separate report on the complete set of financial statements on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls'
• r Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the consolidated financial results made by the Management and Board of Directors'
• o conclude on the appropriateness ofthe Management and Board ofDirectors use ofthe 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 appropriateness of this assumption' 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 consolidated annual financial results or, ifsuch disclosures are inadequate, to modiff 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 Group to cease to continue as a going concern'
• r Evaluate the overall presentation, structure and content of the consolidated annual financial results' including the disclosures, and whether the consolidated annual financial results represent the underlying transactions and events in a manner that achieves fair presentation.
• . Obtain sufficient appropriate audit evidence regarding the financial results/financial information of t]re entities within the Group to express an opinion on the consolidated annual financial results' We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the consolidated financial results of which we are the independent auditors'

we have communicated with those charged with governance of the Holding company and such other entities included in the consolidated annual financial result of which we are the independent auditors 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 identiff during our audit'

we have also provided those charged with governance with a statement that we have complied with relevantr 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

We have also performed procedures in accordance with the circular No CIR/CFD /cMD/44/2019 issued by the Securities Exchange soard of tndia under Regulation 33(8) ofthe Listing Regulations, to the extent applicable'

Other Matters

The consolidated annual financial results include the results for the quarter ended March 3L, 2024 being the balancing figure between the audited figures in respect ofthe full financial year and the published unaudited year to date figures up to the third quarter of the current financial year which were subject to limited review by us'

The accompanying statement includes audited Financial statements of Dwellcons Private Limited which have been reviewed by their auditors and have been approved and furnished to us by the management and our conclusion on the statement in so far based on audited financials and other financial information' The company was taken over by Arihant Superstructures Limited on 21 Decembet 2023 as 100% Subsidiary'

The consolidated financial statements of the company for the year ended March 31, 2023,were audited by another auditor who expressed an unmodified opinion on tttot. statements on March 37,2023 vide their report dated 22nd May,2023.

Our opinion is not modified in respect of the above matters'

FoTUMMED JAIN & CO.

Chartered Accountants ICAI Firm Registration No. 119259W '

^

I ko-o..o'4:' L.{- ^U

I cAU.M.IAIN ] Partner Membership No. 070863

UDIN: 2S o20869 Date: May 15,2024 Place: Navi Mumbai

3l\

Annexure - I

List of entities (subsidiaries) whose financial statement have been included in the consolidated flnanclal statement

• 1) ArihantAbodeLimited
• 2) ArihantAashiyana Private Limited
• 3) ArihantGruhnirman Private Limited
• 4) ArihantVatika Realty Private Limited
• 5) Dwellcons Private Limited

$\begin{array}{c} {\bf Statement~of~Related~ Party~Transactions}\ {\bf Period~from~:~01\text{-}01\text{-}2024~to~31\text{-}03\text{-}2024} \end{array}$

Loans & Advances(Asset) given by the Company

Digitally signed by
Ashokkuma Ashokkumar
F Bhanwarlal Chhajer

Chhajer Date: 2024.05.16

10:38:24+05'30'

Mumbai $\overline{\mathtt{p}}$

$1,50,00,000$ $4,25,00,000$

Deposit Against Office

E

Statement of Related Party Transactions Period from :- 01-10-2023 to 31-03-2024

Loans & Advances(Asset) given by the Company

Business Administration Fees (Income)

Other Transactions

Deposit Against Office

Ashokkumar Bhanwarlal Chhajer Digitally signed by Ashokkumar Bhanwarlal Chhajer Date: 2024.05.16 10:38:37 +05'30'

Statement of Related Party Transactions Period from :- 01-04-2023 to 31-03-2024

Loans & Advances(Asset) given by the Company

Total

Mahalaxmi Cotton Mills Entity in which Director is

Other Transactions

7,25,00,000

Interested 3,75,00,000

Deposit Against Office

Ashokkuma r Bhanwarlal Chhajer Digitally signed by Ashokkumar Bhanwarlal Chhajer Date: 2024.05.16 10:38:49 +05'30'