Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 74

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 1
Chunk 74
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 Flows for the Years Ended March 31, 2025 and 2024
     
    F-6

    Notes to Consolidated
    Financial Statements
     
    F-7

F-1

Report
of Independent Registered Public Accounting Firm

To the Shareholders and Board of Directors of

Goldenstone Acquisition Limited

Opinion on the Financial Statements

We have audited
the accompanying consolidated balance sheets of Goldenstone Acquisition Limited (the “Company”)
as of March 31, 2025 and 2024, the related consolidated statements of operations, stockholders’
deficit and cash flows for each of the two years in the period ended March 31, 2025, and the related
notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in
all material respects, the financial position of the Company as of March 31, 2025 and 2024, and the
results of its operations and its cash flows for each of the two years in the period ended March 31, 2025,
in conformity with accounting principles generally accepted in the United States of America.

Explanatory Paragraph – Going Concern

The accompanying
financial statements have been prepared assuming that the Company will continue as a going concern. As more fully described in Note 1,
the Company is a Special Purpose Acquisition Corporation that was formed for the purpose of completing a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities on
or before June 21, 2025. There is no assurance that the Company will obtain the necessary approvals or raise the additional capital it
needs to fund its business operations and complete any business combination prior to June 21, 2025, if at all. The Company also has no
approved plan in place to extend the business combination deadline beyond June 21, 2025 and lacks the capital resources needed to fund
operations and complete any business combination, even if the deadline to complete a business combination is extended to a later date.
These conditions raise substantial doubt about the Company's ability to continue as a going concern. Management's
plans in regard to these matters are also described in Note 1. The financial statements do not include any adjustments that might result
from the outcome of this uncertainty.

Basis for Opinion

These financial statements are the responsibility
of the Company's management. Our responsibility is to express an opinion on the