Reply to Clarification- Financial results

Dated: 23.06.2025 National Stock Exchange of India Limited Listing Department Exchange Plaza, C-1, Block-G, Bandra-Kurla Complex, Mumbai 400051 Symbol: RACE Sub: Reply to the query of NSE for Submission of Revised Financial Results and Auditor’s Report for Quarter and Financial Year Ended on 31-03-2025 as per SEBI Format Respected Sir/Madam In response to the deficiency/ non submission observed in the results submitted dated May 30, 2025, for the quarter and financial year ended March 31, 2025, we are hereby clarifying the deficiency by re- submitting the complete set of Financial Results as per your requirement: As per your query no. 1, the financial result submitted is already as per the prescribed format of SEBI and also contain balancing figure as note no. 9 in Financial Result. As per your query no. 2, we are submitting the Financial Result in legible and machine readable form. As per your query no. 3, we are attaching the Independent Auditor’s Report in the format prescribed by SEBL Thanking You, Yours Faithfully For Race Eco Chain Limited ; Digtalysgnedby Sunil Kumsa r iy i Bete 20750633 Malik 1541:41 40530 Sunil Kumar Malik Managing Director Regd. Office: Shop No. 37, Shanker Market, New Delhi, Central Delhi-110001 Corporate Office Address: 56/33, Site-4, Sahibabad Industrial Area, Ghaziabad, UP 201010 Email: contactus@raceecochain.com CIN: L37100DL1999PLC102506 GARG ARUN & ASSOCIATES CHARTERED ACCOUNTANTS Tlat No.106, 4832/24, Ansari Road, Daryaganj, New Delhi-110002 Phone: 011-23283955 INDIA INDEPENDENT AUDITORS REPORT ON AUDIT OF FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF RACE ECO CHAIN LIMITED We have audited the accompanying statement of Financial Results (“Statement”) of RACE ECO CHAIN LIMITED (“the company™) for the quarter and financial year ended 31% March, 2025, attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. In our opinion and to the best of our information and according to the explanations given to us these financial results: i. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; and ii. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards and other accounting principles generally accepted in India of the net profit and other comprehensive income and other financial information for the quarter and financial year ended 31* March, 2025. Basis for Opinion We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the duditor's Responsibilitiefsor the Audit of the Financial Results 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 together with the ethical requirements that are relevant to our audit of the financial results under the provisions of the Companies Act, 2013 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. Management’s Responsibilities for the Financial Results These quarterly financial results as well as the year to date financial results have been prepared on the basis of the financial statements. The Company's Board of Directors are responsible for the preparation of these 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 accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. 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 resyjes T give a true and fair view and are free from material misstatement, whether due to fraud or error, GARG ARUN & ASSOCIATES CHARTERED ACCOUNTANTS Flat No.106, 4832/24, Ansari Road, Daryaganj, New Delhi-110002 Phone: 011-23283955 INDIA In preparing the financial results, 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 unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The Board of Directors are also responsible for overseeing the Company’s financial reporting process. Auditor’s Responsibilities for the Audit of the Financial Results Our objectives are to obtain reasonable assurance about whether the 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 aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial results. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional scepticism throughout the audit. We also: « Identify and assess the risks of material misstatement of the 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 internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal controls; « Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors; « Conclude on the appropriateness of the 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 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 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. Howev future events or conditions may cause the Company to cease to continue as a going concern; and « Evaluate the overall presentation, structure and content of the financial results, including the disclosures, and whether the financial results represent the underlying [Showing first 8,000 characters — download PDF for full document]