INDEPENDENT AUDITOR’S EXAMINATION REPORT ON RESTATED CONSOLIDATED
FINANCIAL INFORMATION

The Board of Directors

MedPlus Health Services Limited

(Formerly known as MedPlus Health Services Private Limited)
H.No:11-6-56, Survey No: 257 & 258/1,

Opposite IDPL Railway Siding,

Moosapet, Kukatpally, Balanagar, Hyderabad- 500 037

Dear Sirs,

)

2)

We have examined the attached Restated Consolidated Financial Information of MedPlus Health
Services Limited (Formerly known as MedPlus Health Services Private Limited) (the “Company” or
the “Holding Company” or the “Issuer”) and its subsidiaries (the Company and its subsidiaries
together referred to as the “Group"), comprising the Restated Consolidated Balance Sheet as at 30
September 2021, 30 September 2020, 31 March 2021, 31 March 2020 and 31 March 2019, the
Restated Consolidated Statement of Profit and Loss (including Other Comprehensive Income), the
Restated Consolidated Statement of Changes in Equity, the Restated Consolidated Cash Flows for the
six months period ended 30 September 2021 and 30 September 2020, for the years ended 31 March
2021, 31 March 2020 and 31 March 2019, and the statement of significant accounting policies, and
other explanatory information (collectively, the “Restated Consolidated Financial Information”), as
approved by the Board of Directors of the Company at their meeting held on 22 November 2021 for
the purpose of inclusion in the Red Herring Prospectus (“RHP”) and Prospectus prepared by the
Company in connection with its proposed Initial Public Offer of equity shares (“IPO”) prepared in
terms of the requirements of:

a) Section 26 of Part I of Chapter III of the Companies Act, 2013 (the “Act");

b) The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements)
Regulations, 2018, as amended ("ICDR Regulations"); and

c) The Guidance Note on Reports in Company Prospectuses (Revised 2019) issued by the
Institute of Chartered Accountants of India (“ICAI”), as amended from time to time (the
“Guidance Note”).

The Company’s Board of Directors is responsible for the preparation of the Restated Consolidated
Financial Information for the purpose of inclusion in the RHP and Prospectus to be filed with
Securities and Exchange Board of India (“SEBI”), the stock exchanges where the equity shares of the
Company are proposed to be listed (“Stock Exchanges”) and the Registrar of Companies, Telangana,
situated at Hyderabad (“ROC”) in connection with the proposed IPO. The Restated Consolidated
Financial Information have been prepared by the management of the Company on the basis of
preparation stated in note 2 of Annexure V to the Restated Consolidated Financial Information.
