Reply to Clarification- Financial results

PHONE : 2287-3735/56 K. N. GUTGUTIA & CO. E-mail : knik?&ig?@slmzilmm ACCOUNTANTS cakng_kol@hotmail.com et Head Office : 6C, Middleton Street Flat No. 23 (2nd Floor), Kolkata - 700 071 City Office : 46C, Rafi Ahmed Kidwai Road, 3rd Floor, Kolkata - 700 016 Independent Auditor’s Report on Consolidated Annual Financial Results of IntraSoft Technologies Limited pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) To the Board of Directors of IntraSoft Technologies Limited Opinion 1. We have audited the accompanying consolidated annual financial results of IntraSoft Technologies Limited(hereinafter referred to as the ‘Parent Company’) and its subsidiaries (Parent Compananyd its subsidiaries together referred to as (‘the Group')for the year ended March 31, 2026 and the consolidated statement of assets and liabilities and the consolidated statement of cash flows as at and for the year ended on that date (together referred to as the ‘consolidated financial results’), attached herewith, being submitted by the Parent Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘Listing Regulations’). 2. In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of reports of other auditors on separate audited financial statements/financial information of the subsidiaries, the aforesaid consolidated financial results for the year ended March 31, 2026: (i) includes the financial results of entities given below: [ Name of the Entity Relationship B 123Greetings.com,Inc. Wholly owned Subsidiary One Two Three Greetings (India) Pvt. Ltd. Wholly owned Subsidiary Intrasoft Ventures Pte. Ltd. Wholly owned Subsidiary 123Stores,Inc. Step down subsidiary 123Stores Ecommerce Pvt. Ltd. Step down subsidiary (ii) are presented in accordance with the requirements of Listing Regulations in this regard; and (iii) give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards prescribed under Section 133 of the Companies Act, 2013 (the “Act”) and other accounting principles generally accepted in India, of net profit and other comprehensive income and other financial information of the Group for the year ended March 31, 2026 and the consolidated statement of assets and liabilities and the consolidated statement of cash flows as atand for the year ended on that date. PHONE : 2287-3735/56 e ie CHARTERED ACCOUNTANTS LKATA « NEW DELHI Head Office - 6C, Middleton Street Flat No. 23 (2nd Floor), Kolkata - 700 071 City Office : 46C, Rafi Ahmed Kidwai Road. 3rd Floor, Kolkata - 700 016 Basis for opinion 3. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under Is ne sc tt ii to un t e 1 o4 f3 ( C1 h0 a) r to ef r et dh e A cA cc ot u na tn ad n to st h oe fr I na dp ip al i (c "a Ib Cl Ae I ”)a u .t h Oo ur ri t ra et si pv oe n sip br io ln ito iu en s c ue nm de en rt s th oi ss es u Se td anb dy a rt dh se are further described in the ‘Auditor’s Responsibilities for the Audit of the Consolidated Financial Results’ section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the 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 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 opinion. Management’s responsibilities for the Consolidated Financial Results 4. These consolidated financial results have been prepared on the basis of the consolidated annual financial statements. The Parent Company’s Management and Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the net profit and other comprehensive income and other financial information of the Group and the consolidated statement of assets and liabilities and the consolidated statement of cash flows in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Management and Board of Directors of the Companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group 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 effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Management and Board of Directors of the Parent Company, as aforesaid. In preparing the consolidated financial results, the respective Management and the Board of Directors of the Companies included in the Group are responsible for assessing the ability of the Group to continue as a going concern, disclosing, as applicable, matters related to going concerr. and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so. PHONE : 2287-3735/56 K. N. GUTGUTIA & CO. £ mail : kngkol1938@gmail.com CHARTERED ACCOUNTANTS cakng_kol@hotmail.com KOLKATA « NEW DELHI Head Office : 6C, Middleton Street Flat No. 23 (2nd Floor), Kolkata - 700 071 City Office : 46C, Rafi Ahmed Kidwai Road 3rd Floor, Kolkata - 700 016 The respective Board of Directors of the Companies included in the Group are responsible for overseeing the financial reporting process of each company. Auditor’s responsibilities for the audit of the consolidated financial results 5:. Our objectives are to obtain reasonable assurance about whether the consolidated financial results 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 consolidated financial results. 6. 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 consolidated 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. Obtain an understanding of in [Showing first 8,000 characters — download PDF for full document]