MC-22 AUDIT REPORT FOR FINANCIAL YEAR END 31ST MARCH 2022 UPDATED DASHBOARD WITH OLD RECORDS ENCLOSED AUDIT REPORT .

@ Netripples Software Limited Registered Office : Goodiife Retreat , 1-2-36/2 > Street No 4, Kakateeyanagar, Habsiguda, netripples Hyderabad - 500007, Telangana State Website: www.netripples.com Email: info@netripples.com Date: May 10, 2022 Ref: NSL/BSE/2022-23/Q4 The Department of Corporate Services, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai — 400001, Maharashtra, India. Sub: Audit report for year ending 315 March 2022 1, Managing Director of Netripples Software Limited (CIN: L72200TG1993PLC015760), having registered office at Goodlife Retreat, 1-2-36/2, Street No 4, Kakateeyanagar, Habsiguda, Hyderabad — 500007, Telangana, hereby declare that M/s. BGS & Associates, Chartered Accountants (Firm Reg. No. / Mem. No. 224317), Statutory Auditors of the Company, have issued Audit Report on the Standalone Unaud/i Atudeitded Financial Results of the Company for the Fourth Quarter and Audited Financial Year ended March 31, 2022. And it was approved vide Board Meeting held on 10.05.2022. This Declaration is issued in compliance with Regulation 33(3)(d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended by SEBI Circular No. CIR/CFD/CMD/56/2016 dated May 27, 2016. For Netripples Software Limited For metripples Software Ltd, Managing Director Managing Director DIN no 00719970 Place: Hyderabad Date: 10-05-2022 @ Netripples Software Limited Registered Office : Goodiife Refreat , 1-2-36/2 Street No 4, Kakateeyanagar, Habsiguda, Hyderabad - 500007, Telangana State Website: www netripples.com Email: info@netripples.com INDEPENDENT AUDITORS’ REPORT To the Members of NETRIPPLELS SOFTWARE LIMITED Report on the Financial Statements We have audited the accompanying standalone financial statements NETRIPPLELS SOFTWARE LIMITED as at March 31, 2022, the Statement of profit and loss for the year ended, the Statement of changes in the equity, the statement of changes in the cash flows and a summary of the significant accounting policies and other explanatory information. Opinion: We conducted our audit of the Financial Statements in accordance with the Standards on Auditing (SAs) 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 together with the ethical requirements that are relevant to our audit of the Financial Statements 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. The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. “Information Other than the Financial Statements and Auditor’s Report Thereon” The Company’s Board of Directors is responsible for the other information. The other information comprises the [information included in the Board report, 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 in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information; we are required to report that fact. We have nothing to report in this regard. @ Netripples Software Limited Registered Office : Goodiife Refreat , 1-2-36/2 Street No 4, Kakateeyanagar, Habsiguda, Hyderabad - 500007, Telangana State Website: www netripples.com Email: info@netripples.com Management’s responsibility for the Financial Statements: The Company’s Board of Directors is responsible for the matters stated in Section 134(5) of the Companies Act, 2013 (“the Act”) with respect to the preparation of these standalone financial statements that give true and fair view oft he financial position, financial performance and cash flows of the Company in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under Section 133 of the Act, read with Rule 7 of the Companies(Accounts) Rules, 2014. 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, true and fair view and are free from material misstatement, whether due to fraud or error. In preparing the Financial Statements, the Board of Directors 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 Board of Directors either intendtso liquidate the Company or to cease operations, or has no realistic alternative but to do so. Those Board of Directors are also responsible for overseeing the Company’s financial reporting process. Auditor’s responsibility: Our objectives are to obtain reasonable assurance about whether the Financial Statements 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 Financial Statements. As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also: a. ldentify 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 Netripples Software Limited Registered Office : Goodlife Refreat , 1-2-36/2 Street No 4, Kakateeyanagar, Habsiguda, Hyderabad - 500007, Telangana State Website: www.netripples.com Email: info@netripples.com 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 accounti [Showing first 8,000 characters — download PDF for full document]