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PG BHAGWAT LLP Chartered Accountants LLPIN : AAT - 9949 The Board of Directors , Limited Review Report HEAD OFFICE Suite 102 , ' Orchard ' , Dr. Pai Marg , Baner , Pune 411045 . Tel .: 020 27290771/1772/1773 Email : pgb@pgbhagwatca.com Web : www.pgbhagwatca.com Praj Industries Limited . Praj Tower , S.No. 274 & 275/2 , Bhumkar Chowk - Hinjewadi Road Hinjewadi , Pune 411057 , Maharashtra , India We have reviewed the accompanying statement of unaudited standalone financial results ( " the Statement " ) of Praj Industries Limited for the period ended 30th September 2021 , attached herewith . This statement is the responsibility of the Company's Management and has been approved by the Board of Directors . Our responsibility is to issue a report on these financial statements based on our review . We conducted our review in accordance with the Standard on Review Engagement ( SRE ) 2410 , Review of Interim Financial information performed by the Independent Auditor of the Entity , issued by the Institute of Chartered Accountants of India . This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement . A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit . We have not performed an audit and accordingly , we do not express an audit opinion . Based on our review conducted as above , nothing has come to our attention that causes us to believe that the accompanying statement of unaudited standalone financial results prepared in accordance with applicable accounting standards and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI ( Listing Obligations and Disclosure Requirements ) Regulations , 2015 including the manner in which it is to be disclosed , or that it contains any material misstatement . For P G Bhagwat LLP Chartered Accountants Registration Number : 101118W / W100682 Sandeep Rao Partner Membership No .: 47235 UDIN : 21047235AAAAET9604 Pune : 27th October , 2021 BHAGWATE PGBH PUNE Offices at : Mumbai | Kolhapur | Belagavi | Hubballi | Dharwad | Bengaluru M / s P.G. Bhagwat the partnership firm was converted and incorporated as Limited Liability Partnership from 28th September 2020 CHARTERED ACCOUNTANTS