K. K. KAPOOR & ASSOCIATES Chartered Accountants S-9,VIKAS NAGAR, PAKHOWAL ROAD, LUDHIANA - 141013 ‘Mobile ~ 09814938380 , 9576902220 Email: cavinod@yahoo.com,kohlivinay1970@gmail.com INDEPENDENT AUDITOR'S REPORT ‘To the Members of TRIDENT GLOBAL CORP LIMITED Report on the Audit of Financial Statements Opinion We have audited the accompanying Ind AS financial statements of TRIDENT GLOBAL CORP LIMITED (“the Company”), which comprise the Balance Sheet as at March 31, 2022, and Statement of Profit and Loss (including Other Comprehensive Income), Statement of Changes in Equity and statement of Cash Flows for the year then ended on that date and notes to the Financial Statements including a summary of significant accounting policies and other explanatory information. (Hereinafter referred to as “The financial statements”). 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 Indian Accounting Standards prescribed under section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015 as amended (Ind AS”) and other accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2022, the profit and total comprehensive income, changes in equity and its cash flows 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 Companies Act, 2013. Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the 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 independent 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 ICAI’s Code of Ethics. We believe that the audit evidence obtained is sufficient and appropriate to provide a basis for our audit opinion on the financial statements.K. K. KAPOOR & ASSOCIATES Chartered Accountants S-9,VIKAS NAGAR, PAKHOWAL ROAD, LUDHIANA - 141013 ‘Mobile ~ 09814938380 , 9876902220 Email: cavinod@yahoo.com,kohlivinay1970@gmail.com Information Other than the Financial Statements and Au: Thereon r’s Report The Company's Board of Directors is responsible for preparation of the other information. The other information comprises the information Included in the Directors’ Report including Annexures forming part thereto, 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. 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, Tf, based on the work we have performed, we conclude that there is any material misstatements of this other information; we are required to report that fact. We have nothing to report in this regard. Management Responsibilities for the Financial Statements The Company's Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to the preparation of these financial statements that give a true and fair view of the financial position, financial performance, Total comprehensive income, changes in equity and cash flows of the Company in accordance with the Ind AS and other accounting principles generally accepted in Indi This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding 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 design, implementation and maintenance of adequate internal financial controls, 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 the management intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. GoK. K. KAPOOR & ASSOCIATES Chartered Accountants 'S-9,VIKAS NAGAR, PAKHOWAL ROAD, LUDHIANA - 141013 Mol 19814938380 , 9576902220 Email: cavinod@yahoo.com,kohlivinay1970@gmail.com The Board of Directors Is also responsible for overseeing the company’s financial reporting process. Auditor's Responsibi ‘ies for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as @ whole are free from material misstatement, whether due to fraud oF 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 (Standards of Auditing), 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 control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Companies Act, 2013, 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 management.K. K. KAPOOR & ASSOCIATES A /\ Chartered Accountants fi S-9,VIKAS NAGAR, PAKHOWAL ROAD, LUDHIANA ~ 141013 f Mobile - 9814930360 , 9576902000 j Email: cavinod@yahoo.com,kohliviraysoreearall.com * 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 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. Report on Other Legal and Regulatory Requirements 1. 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 A" a statement on the matters specified in paragraphs 3 and 4 of the order. as=, K.K. KAPOOR & ASSOCIATES f Chartered Accountants fi $-9,VIKAS NAGAR, PAKHOWAL ROAD, LUDHIANA ~ 141013 Mobile ~ 09814938380 , 9676902290 Email: cavinod@yahoo.com,kehlivinayi970@omell.com 2. AS required by Section 143(3) of the Act, based on our audit we report that: 2) 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. 5) 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. ©) The Balance Sheet, the Statement of Profit and Loss, including other comprehensive income, the Statement of Changes in Equity and Cash Flow Statement dealt with by this Report are in agreement with the books of account. @) In our opinion, the aforesaid financial statements comply with the Ind AS specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2015. ©) On the basis of the written representations received from the directors as on 31st March, 2022 taken on record by the Board of Directors, none of the directors is disqualified as on 31st March, 2022 from being appointed as 2 director in terms of Section 164(2) of the Act. f) With respect to the adequacy of the internal financial controls over financial reporting of the Company and the operating effectiveness of such controls, refer to our separate Report in “Annexure B”, 9) The provisions of section 197 read with Schedule V of the Act have been complied for the year ended March 31, 2022. h) 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: i) The Company did not have any pending litigation; accordingly there is no impact of pending litigation on its financial position in the financial statements. i) The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.K. K. KAPOOR & ASSOCIATES KK Chartered Accountants f ¥ ‘S-9,VIKAS NAGAR, PAKHOWAL ROAD, LUDHIANA ~ 141013 f Mobile ~ ose24936380 , 9876002220 Neh | eat: caviar enaeaaa0 9076902220, lil) There were no amounts which were required to be transferred to the Investor Education and Protection Fund by the Company. iv) No dividend has been declared or paid during the year by the Company. v) (a) The management has represented that to the best of its knowledge and belief, no funds 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 entities (“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 (b) The management has represented that, to the best of its knowledge and belief, no funds have been received by the Company from any person or entity, including foreign entities ("Funding Parties”), with the understanding, whether recorded in writing or otherwise, that the Company shall, 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; and (c) Based on such audit procedures performed 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 (a) and (b) contain any material misstatement For K.K.KAPOOR & ASSOCIATES Chartered Accountants Firm’s Registration No.001013N Qa CA VINOD KUMAR Place :Ludhiana Partner Date :24-05-2022 Membership No. 093883 UDIN: 22093883AJWELQ5418K. K. KAPOOR & ASSOCIATES Chartered Accountants S-9,VIKAS NAGAR, PAKHOWAL ROAD, LUDHIANA ~ 141013 Mobile ~ 09814938380 , 9876902220 avined@yahoo.com, kohii Annexure - A To The Auditor's Report (Referred to in our paragraph ‘1' under "Report on Other Legal and Regulatory Requirements section of our report of even date to the members of TRIDENT GLOBAL CORP LIMITED for the year ended March 31, 2022) 1 In respect of the Company's Property, Plant and Equipment 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 no intangible assets. (b) According to the information and explanations given to us, the Property, Plant and Equipment of the company have been physically verified by the Management at reasonable intervals, having regard to the size of the company and the nature of its business and no material discrepancies were noticed on such physical verification. (c)_ The company does not have any immovable properties Accordingly, clause 3(i)(c) of the order is not applicable. (d) The Company has not revalued any of its Property, Plant and Equipment and intangible assets during the year. (e) No proceedings have been initiated during the year or are pending against the Company as at March 31, 2022 for holding any Benami property under Prohibition of Benami Property Transaction Act, 1988 and rules made thereunder. 2. (a) The inventory has been physically verified by the management during the year. In our opinion, the coverage, frequency and procedure of such verification are reasonable and adequate in relation to the size of the Company and the nature of its business. The discrepancies noticed on verification between the physical stocks and the book records were not exceeding 10% in the aggregate for each class of inventory.(b) (a) (b) K. K. KAPOOR & ASSOCIATES Chartered Accountants ‘S-9,VIKAS NAGAR, PAKHOWAL ROAD, LUDHIANA - 141013, Mobile - 09814938380 , 9876902220 Email: cavinod@yahoo.com,kehlivinay1970@gmail.com ‘The Company has not been sanctioned any working capital limits in excess of Five Crore rupees, in aggregate from banks or Financial Institutions on the basis of security of current assets at any point during the year. Accordingly, clause 3(li)(b) of order is not applicable. The Company has not made any investments in or provided any guarantee or security or granted any loans or advances in the nature of loans, secured or unsecured, to companies, firms, Limited Liability Partnerships or any other parties, The Company has not granted any loans and advances in the nature of loans. Hence reporting under clause 3(iii)(c),(d),(e) and (f) of the order is not applicable. According to the information and explanations given to us, the Company has not made any investment, given any loan, provided any security or guarantees under Section 185 and 186 of Companies Act, 2013. Further in our opinion, the Company has complied with the Provisions of section 186 of the Companies Act 2013 in respect of investments made by the Company. According to the information and explanations given to us, the Company has not accepted any deposits during the year and do not have any unclaimed deposits, Therefore provisions of clause 3 (v) of the order are not applicable to the company. According to the information and explanations given to us, the company is not liable to maintain cost records as under section 148 of the Act. According to the information and explanations given to us and records of the company examined by us, the company has been regular in depositing undisputed statutory dues including Goods & Service Tax, Provident fund, Employees’ State Insurance, Income-tax, duty of custom, duty of excise, Cess and other statutory dues (as may be applicable) with the appropriate authorities. According to the information and explanations given to us, no undisputed amounts payable in respect of GST, Provident Fund, Employees’ State Insurance, Income-tax, duty of custom, duty of excise, Cess and other statutory dues (as may be applicable) were in arrears as at March 31, 2022 for a period of more than six months from the date they became payable. QeK. K. KAPOOR & ASSOCIATES Chartered Accountants S-9,VIKAS NAGAR, PAKHOWAL ROAD, LUDHIANA ~ 141013 ‘Mobile ~ 09814938380 , 9876902220 Email: cavinod@yahoo.com,kohlivinay1970@gmail.com 8. According to the information and explanations given to us and on the basis of our examination of records of the company, the company has not surrendered or disclosed any transactions, previously unrecorded as income in books of accounts, in the tax assessments under the Income Tax Act, 1961 as income during the year. 9. a) The Company has not defaulted in repayment of loans taken from the banks. The Company has not taken loans from financial institutions and Government. b) The Company has not been declared willful defaulter by any bank or financial institution or government or any government authority. ¢) The Company has not taken any term loan during the year and there are no outstanding term loans at the beginning of the year and hence, reporting under clause 3(ix)(c) of the Order is not applicable. ) 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. ©) 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 subsidiary. f) According to the information and explanations given to us and procedures performed by us, we report that the company has Not raised loans during the year on the pledge of securities held in its subsidiary.10. a 12, 13. 14, 15. (a) (b) (a) (b) (a) (b) K. K. KAPOOR & ASSOCIATES Chartered Accountants S-9,VIKAS NAGAR, PAKHOWAL ROAD, LUDHIANA - 141013 Mobile ~ 09814938380 , 9576902220 wvinod@ yahoo.com koblivinay1970@gmail.com The Company has not raised money by way of initial public offer or further public offer (including debt instruments) during the year and hence reporting under clause 3(x)(a) of the Order is not applicable In our opinion and according to the information and explanations given to us, during the year, the Company has made private Placement cum preferential Allotment Basis of 2,81,850 9%Compulsorily Convertible Debentures having Face value of Rs. 600/- each, aggregating to Rs. 16,91,10,000/- and the funds have been used for the purpose for which they were raised. No fraud by the Company and no material fraud on the Company has been noticed or reported during the year. 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. As represented to us by the management, there are no whistle blower complaints received by the company during the year. The Company is not a Nidhi Company and hence reporting under clause (xii) of the Order is not applicable. 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 financial statements as required by the applicable accounting standards. In our opinion the Company has an adequate internal audit system that commensurate with the size and the nature of its business. 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, In our opinion during the year the Company has not entered into any non-cash transactions with its Directors or persons connected with its directors and hence provisions of section 192 of the Companies Act, 2013 are not applicable to the Company. QeK. K. KAPOOR & ASSOCIATES Chartered Accountants S-9,VIKAS NAGAR, PAKHOWAL ROAD, LUDHIANA - 141013 Mobile - 09814938380 , 9876902220 Email: cavinod@yahoo.com,kohlivinay1970@gmall.com 16. (a) In our opinion, the Company is not required to be registered under 17. 18. 19, (b) section 45-IA of the Reserve Bank of India Act, 1934. Hence, reporting under clause 3(xvi)(a), (b) and (c) of the Order is not applicable, In our opinion, there is a core investment company within the Group (as defined in the Core Investment Companies (Reserve Bank) Directions, 2016) and accordingly reporting under clause 3(xvi)(d) of the Order is not applicable. The Company has not incurred cash losses during the financial year covered by our audit and the immediately preceding financial year. There has been no resignation of the statutory auditors of the Company during the year. Accordingly, clause 3(xvili) of the order is not applicable. 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. K. KAPOOR & ASSOCIATES Chartered Accountants 'S-9,VIKAS NAGAR, PAKHOWAL ROAD, LUDHIANA — 141013 Mobile ~ 09814938380 , 9876902220 Email: cavinod@yahoo.com,kohlivinay1970@gmail.com 20. In our opinion and according to the explanation given to us , there is no unspent amount under sub-section (5) of section 135 of the act Pursuant to any project. Accordingly, clauses 3(xx)(b) of the order are not applicable. For K.K. KAPOOR & ASSOCIATES Chartered Accountants Firm’s Registration No.01013N Qesner— CA. VINOD KUMAR (Partner) Place : Ludhiana Membership No. 093883 Date: 24-05-2022 UDIN : 22093883AJ]WELQ5418,a K. K. KAPOOR & ASSOCIATES Chartered Accountants S-9,VIKAS NAGAR, PAKHOWAL ROAD, LUDHIANA ~ 141013 ‘Mobile ~ 09814938380 , 9876902220 Emall: cavinod@yahoo.com,kohlivinay1970@gmall.com Annexure - B to the Independent Auditor’s Report (The Annexure referred to in paragraph 2 under ‘Report on Other Legal and Regulatory Requirements’ section of our report to the members of Trident Global Corp Limited for the year ended on March 31, 2022), 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 TRIDENT GLOBAL CORP LIMITED ("the Company”) as of March 31, 2022 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. ity 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 the 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 'ssued 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. Q Auditors’ ResponsilK. K. KAPOOR & ASSOCIATES Chartered Accountants S-9,VIKAS NAGAR, PAKHOWAL ROAD, LUDHIANA - 141013 Mobile - 09814938380 , 9876902220 "avinod@ yahoo.com, kohlivinay1970@gmail.com Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system over financial reporting and thelr 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 Ind AS 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 inancial Reporting & company's internal financial control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial feporting 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 (1) Pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) 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 (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, Use, oF 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. QK. K. KAPOOR & ASSOCIATES Chartered Accountants S-9,VIKAS NAGAR, PAKHOWAL ROAD, LUDHIANA ~ 141013 Mobile ~ 09814938380 , 9876902220 Email: cavinod@yahoo.com,kohlivinay1970@gmail.com Opinion if our opinion, the Company has, in all material respects, an adequate internal financial controls system over financial reporting and such internal financtal Senos over financial reporting were operating effectively as at March 31, 2022, based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control steted in the Guidance Note on Audit of Internal Financial Controls Over Financtal Reporting issued by the Institute of Chartered Accountants of India, For K.K. KAPOOR & ASSOCIATES Chartered Accountants Firm's Registration No.01013N O6ee CA. VINOD KUMAR (Partner) Place : Ludhiana Membership No, 093883 Date :24-05-2022 UDIN : 22093883AJWELQ5418,TRIDENT GLOBAL CORP LTD BALANCE SHEET AS AT MARCH 31, 2022 Parties Tae feat ist No March 3, 2022 Maren 31,2021 assets 4) Property, plant and equipment 2 9216 1236619 Deferred tax Ast (Net) 3 1,66652 145350 Total non-current assets 285,867 251,968 curren assets 2) leventories 4 250738882 129805679 2) Financial Asets i) Investments 5 : E 1 Trade receivables 6 350820984 9028 1) Cash and cash aguivalens 7 77833005 504,78367 iv) Other financial assets 8 182537285 2585.35 6) Other curent assets 8 52219581 31256358, ‘Total Current assets 95,36,75,458 3145,09508 TOTAL ASSETS kes ere EQUITY AND UABITIES Equity 2) Equity shave capital 20 9,00,000 500,000 d) Other equity n 3179.13.58 taagias7 ‘otal equity altibutable to owners ofthe Company 32,293,454 1468,12557 coro ibis 8) Financial Liabilities |) Borrowings 2 136 91,10000 : 5) Trade payables B 40.27.3008 131054557 1 Other financial abilities u 20775,486 4,30,31,734 Provisions as 1.623038, eases 6) Other current liabilities 16 3220338, 1.98,08,001 ‘Total current liabilities, 68,103,070 16,3,55,050 ‘Total liabilities 68,103,070 1683,59,030 ‘TOTAL EQUITY AND LIABILITIES Snore Accompanying nots forming part of the nancial tatemant 1029 In temsaf our report tached or KX. Kapoor & Associates For and on behalf of the Board of Diectrs Chartered Accountants (Firm Regn No, G02013N) ‘caviNoD Kuma iNest KUMAR RAJNEESH BHATIA (Partner) (Director) (Girton [Membership No. 083883 Div: oss40052 IN: o2085455 piv :2200sgesauWeLaséss Pace: LudhianaTRIDENT GLOBAL CORP LTD — SS ——S— ‘STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED MARCH 31, 2022 = = ee aE = a Soe ses teins : sum vans eee i nee moat _ ee ——aeaer eee . anzaan tari ee ee : cach nen en : ast nae tse : oo = coe 2 ae Fm Saas 3 wine wie to ss rr oe 7 —a tate — nin Ae ee na om a eam sypsaen re ove treo ar —— {ea conpahanive ca rh pc —S— — 0,500 306,000 55000 300,005 — a ncn __ 5000 500,000" (a) Reconcitation of the numberof shares outstanding at the beginning and atthe end ofthe reporting period Eauly Share capa Eauly Share Copal lpamricutas ‘Ast March 31, 2022 ‘As at March 3, 2071 ‘Number ‘Amount (aR) | Number | Amount Ga RS] issued, Subscribed and ped un equity sh Shares outstanding tthe beginning of he year 00000 50.00,000 5,00,000 500,000 Shere issued euringtha yar * ° | Storesoustnngse th end ofthe yar 500,000 50,0000 579000 5090000 (6) Reconciliation ofthe shares held by holding company an fellow subsiciries Eeuty Share Copal aul Share capa lparmicutans ‘As at March 31, 2027 ‘Asst March 31, 2027 Number | Amount fins) Nariber [Amount (ne) IAShaves eld by the holding company, the ulin holding company the subsidies and ascites Tilden United, the Hoang Company 5199;000 50.00,000 00000 30.00,000 {c)The deta of shardholder holding more than S percent shares: ‘sity Share Copal gully share Copal lparmicutans ‘AS at March 34,2027, ‘Ast March 31,2027 eof hares held Recaf Shares Shela Trident Lite, the Hoang Company 599,000 00.00% 500,000 00.00% (e) Dette of promote’ contribution Ne Promoter name No.of Shares wa otal shares i Change dung the year 7 TWident Limite, the Holding Company 500,000 700.005] (o} Terms fights ataced to equity shares The company as one cas of shares referred to as Equity Shares having 2 par value of Rs 10/- each, Each holder of equlty shares is ened to one vote per ‘hare. The dvdend propose by the Soar of Directors if any, is subject to approual a the shareholders the ensuing annual general meeting and each eaity ‘shareholders ented fo such dvidend declared at arms general meeting ‘nthe event of lauidetin ofthe company, the holders of exuty shares wll Beenie to recive any ofthe remsining sets ofthe company after dstrbution fall preferential amounts. The dstibtion wil be proportion tothe numberof equity shares helé by the shareholders,‘vsnae ion 94 p80 rE [ear ewe = aoa servers lowe lassen nie verona os a TTT Ta aa aT (ooo ‘ai ao waots inant‘Notes forming part ofthe nanlal statements TRIDENT GLOBAL CORP LTD PARTICULARS feat aa ‘March 31,2022 March 31, 2021 NOTE 11 -oTuEa equiry 4 Surplus in statement of profit and oss ‘Opening stance 4443567 46593,733, Net profit forthe Yeor 379500518 3,796,795 saris as, 4a5877 Saya e 795 wees 2) Other comprehensive income reserve ‘pening balance 340) Ga) Saas ‘NOTE 12 SHORT TERM BORROWINGS Unsecured Loan 9% Compulsory Convertible Debentuces 16.91,10,000 783,10 000 (NOTE 13 TRADE pavamies ‘Outstanding dues of micro and smal enterprises . Outstanding dues of rears other than aero enterprises an smal enterprises - to later partes 37.34,2603 114762981 toothers 232.8696 116291,575, ‘None of the partes grouped under Trade payables have decared themselves under Mieo, Small ‘mounts austanding to Mizro, Small & Medium enterprises have been determined onthe bas of information upon by autor, “rade Payable Ageing chodule for the yer ending March, 2022 & March, 2028 TS ezEee PEE & Mecium Enterprises Deviopment act 2006. Detas of ble With the company. This as been alld Net Due Dae [Rear Tastes yer itiyem Reipan [Moret Spear lear Ein ch, [Wendor aren | TOT : | ara frist a. 76080.74| 35a 1667 5 =| “aargasrar [wee BSS PORES : : [mer ta NSE Bs7ass74e] Saran = 5 ott a.rq0s07e] S597 01667 : = [nara Netoe Dae Teal "earning Mc, Teste Ter [le 2 yea Besser More tan yea ender Teo aa = BIS [rout 3.56.08308.0 BANG ~~ asessra9 ASME Toseaia PKC) E 7 TGSRRELOO [ner wa NE 3ca35.59100| Saari = =| ass 939 Tota 3.6608508.00| SA 2829| : = st ‘MOTE 14. OTHER FINANCIAL WABILTIES Payable to Employees 1827581 1619.91 ther Payable 2,89,47,905, ansia73 Security Deposit Customer : 3350,000 207758 aaa[NOTE 15 SHORT TERM PROVISIONS Income TaxPeyable Leave Ercashment NOTE 16-OTHER cunReNT WASHES Sttutory remiances ‘Advance rom customers TRIDENT GLOBAL CORP LTD Saas sueos04s7 139881 aa03ee 287597 29945501, 4170310 298,368, eee 533,451 19224550 EEO!sts foming parte nan eaten TRIDENT GLOBAL CORP LTD Tortie yar ode Torte yar nda ar, 92 Mae 31, 2004 Sale ot raced cade sansysase vasmssu7 sie ofSevies "s0n000 San alacer Wen OF Cain on ovagn ange Futation case ofsackin tae Ire) foxease Staff wot parses Ss rrr Se ae penasasi rsssro2a0 a rr ee 2se05079 reoranasa ea esas one ‘8070 aaa anumen 290508 es 77 sazas0a area TaeNets forming partof ne andl atmens TRIDENT GLOBAL CORP LTD Parle Torta yor eed Tortie yor ended March 32022 Mah 3, 2021 NOTE 22-sianes cosrs iteretepeoe 44350 2508 Irtereston Sebentures 3oss.ere oak corp 190953 sssasz as ee Nore 23-oMmen Domnses Pacing stares 67568 sane \stourehrse 55.401 ers Printing &ttonaey ‘539 ‘3.590 Insane charee mast sas fate anton 830 asso Free crn an ecto cores 810570 4552299 ‘ators remuneration 25000 25.00 Treveng nd corveyance saa are Postage ane easton 230556 Lehane preeiong ‘sis7e2 sms0 Surry alae Ween of 2 3 (SR epenndive (net n0—} mro0 736 susnes romoton omens sae Cais saoansia ter seine pers ‘S707 nsa00 FOI areots To The Financial Statement tn rupess) Partealr Tarte year ended Ta year ended Mae 2022 ‘Mach 3, 221 ‘NorE2¢ AVoITORS ReMUNERATION utor Remunertion “Seton Fee 250m 25.000 NOTE25 RELATED PARTY iscLosune 2) Related pares and nature of relatontin amet maaed Tare ea [riers [Holi compan 8) Dicosr of trnsactions between the compan and rested partes crn the yer and oustanding blancs ston March, 2022 alae coe ree Frio Year dene nia tena 21995 15585 Fuerst Geads zssziaesis soars mangerent Serces hares “401200 euaraet cance seat 03.2022 Jamounc Pape het srouaases nage NOTEZE wien, SwALL8 MEDIUM EeTERDRSES ‘The followings the status ofthe company under section 2 of Miz, Sal and Meclum Enterprites Act, 206, oe as flows 1) Amount Payable Super under At. inci Amount Remaining Unpaid a at on ofthe year “lotrest Due thereon Remaining Unpid as at endo he Year 2) Amount of interes Pld Under Secon of the At 3) Amount of interest Accrued and Pyabefor delayed payment 4) Amount interest further interes crue and remaringpayble Cee ne xNOTE27 EARNING PER EQUITY SHARE Freres Te caren ear vious yea (args ber Ea Stare Net rofiatter tax me 176500818 saraaase jeighied wverage numberof equity ‘shares outstanding during the yar No, 300.000 00000 WNeminal Value of Equity Share Re 000 1000 lassi amines per Share ms 25300 sssaa |cauty stores ust compute ues earings pe mare No, sono0 sson000 [utes Eanings pee Shave fe 355.00 30348 NOTE22 LONG TERM BORROWINGS: DEBENTURES Debenturehoaer fcevaine | gghticta, | Deteofimuance | AReSt | compuary kes G lepanures | interest_| conversion term jajinder Gusta co} 2sasoo} 8-02 2022 | se01-2021 Iaonsnek Gupta sco} aasso]ag-012022 3) se0r2037 The Compeny has sued 9% compularly comverle Debentures of face vate RED ach caring Interest rate of 9K per annum nd shal be converted to equity shares of face valve R30 each at a premium of Rs, 590 the rato of: ono Before the competion of term subj of NOTE 29 CORPORATE SOCIAL RESPONSIBILTY ‘Amun oquied to be spent x per secon 135 fthe Companies Act, 2013 core yea reuse 2) Geman nada py the ompany 209785 ns hepsi 2) outst nga 0875 4 Ameureuipen ce Spent ig the ear : NorE2@ Acomingts rao wumertor | oenoinaor | ¥° 202 lvarendnganes| cares | reson [eres nen anes | Covewnsiser]| 50 | tar | a0 rn | Conoay as Rant [Debt / Equity ratio ‘Total Debt Total E os2 9.00 52270 oe -™ mone Ely ‘convertble debentures | ‘raiertyur neon aty verre | avrge | oss os | ous i erie | stenlers eat verona Coxctesds|amoaeimeroy}] sss | am | ans ™ se | Trae Receivables Tumover Ratio Revenue ety waar 1348, 007 NA Netprcte [Trade Payables Turnover Ratio 'stockin | Average Trade 23 x a2 " steam | mre | ss | soe | 0 ms [Net Capital Turnower Ratio: Revenve 0m | Working capital 988 1025 008 NA ” ‘operations oe |Net profit ratio sar Net sales oa NA rom scr | sat ons | aos sino fecwmoncasiensines [mena | Cotaienaines | a7s | aa | ase os[NOEER1 _Alfgure have been rounded of tothe nearest pes NOIE32 Previous year's gues have been reprouped/reclsig wherever necessary 0 covrespond with the current year's cassficaSon/ core, Intent ofourceport attached ‘Farendon bb of the Bou of rectors Torkik epoor &kevocates (Chartered Accountants (fle Regn No. 0010354) aS hwnr ae pe (rece) (Greer Membership ho, 0B3863. osseo0s. o, pin: 22oss6ssAMELOSAie Pace: Ladiane Date 24052022