UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended ~~December~~June 3130, ~~2024~~2025

☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number 333-212268

CARO HOLDINGS INC.

(Exact name of registrant as specified in its charter)

Nevada		93-2109546
(State or other jurisdiction of		(IRS Employer
incorporation or organization)		Identification No.)

7 Castle Street, Sheffield, UK		S3 8LT
(Address of principal executive offices)		(Zip Code)

(786) 755-3210

(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
None	None	None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☒ Yes ☐ NO

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒ Yes ☐ NO

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) ☐ YES ☒ NO

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. ☐ YES ☐ NO

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the issuer’s classes of common stock as of the latest practicable date. 37,175,808 shares of common stock issued and outstanding as of ~~February~~August 1115, 2025

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION		3
Item 1. Financial Statements	~~Item 1. Financial Statements~~	3
Item 2. Management’s Discussion and Analysis of Financial Condition or Plan of Operation	~~Item 2. Management’s Discussion and Analysis of Financial Condition or Plan of Operation~~	1315
Item 3. Quantitative and Qualitative Disclosures About Market Risk	~~Item 3. Quantitative and Qualitative Disclosures About Market Risk~~	1718
Item 4. Controls and Procedures	~~Item 4. Controls and Procedures~~	1718
PART II - OTHER INFORMATION		1819
Item 1. Legal Proceedings	~~Item 1. Legal Proceedings~~	1819
Item 1A. Risk Factors	~~Item 1A. Risk Factors~~	1819
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	~~Item 2. Unregistered Sales of Equity Securities and Use of Proceeds~~	1819
Item 3. Defaults Upon Senior Securities	~~Item 3. Defaults Upon Senior Securities~~	1819
Item 4. Mine Safety Disclosures	~~Item 4. Mine Safety Disclosures~~	1819
Item 5. Other Information	~~Item 5. Other Information~~	1819
Item 6. Exhibits	~~Item 6. Exhibits~~	1819
SIGNATURES		1920

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PART I - FINANCIAL INFORMATION

CARO HOLDINGS INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

	December 31,			March 31,
	June 30,			March 31,
	2024			2024
	2025			2025
	(Unaudited)			(Audited)
ASSETS
Current Assets
Cash	$	245,~~956~~042		$	2014,~~794~~566
Prepaid expense		-			~~105~~-
Accounts receivable and other receivable		718,~~385~~450			913,005
Promissory note receivable		5658,~~010~~410			4356,~~954~~010
Convertible note receivable		5,000			5,000
Interest receivable		46,~~545~~665			15,~~959~~628
Deferred business acquisition cost		161,895			161,895
Total Current Assets		~~259~~255,~~791~~462			~~233~~256,~~716~~104
Software, net		~~221~~202,~~144~~716			~~248~~211,~~786~~930
TOTAL ASSETS	$	~~480~~458,~~935~~178		$	~~482~~468,~~502~~034
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities
Accounts payable and accrued liabilities	$	5648,~~231~~702		$	8161,~~559~~736
Accrued interest payable		74106,~~035~~925			3787,~~884~~796
Due to related parties		6365,~~550~~033			6356,~~360~~476
Promissory notes payable		28,900			28,900
Convertible notes payable		1,~~065~~403,~~502~~833			~~735~~1,~~332~~365,500
Total Current Liabilities		1,~~288~~653,~~218~~393			~~947~~1,~~035~~600,408
TOTAL LIABILITIES		1,~~288~~653,~~218~~393			~~947~~1,~~035~~600,408
Stockholders' Deficit
Preferred stock: 75,000,000 authorized; $0.00001 par value. No shares issued and outstanding		-			-
Common stock: 75,000,000 authorized; $0.00001 par value. 37,175,808 shares and 36,505,000 shares issued and outstanding, respectively		372			365
Common stock: 75,000,000 authorized; $0.00001 par value. 37,175,808 shares issued and outstanding		372			372
Additional paid in capital		679,491			~~645~~679,~~958~~491
Accumulated deficit		(1,~~484~~832,~~733~~217	)		(1,~~102~~795,~~951~~907	)
Accumulated other comprehensive loss		(242,~~413~~861	)		(716,~~905~~330	)
Total Stockholders' Deficit		(~~807~~1,~~283~~195,215	)		(~~464~~1,~~533~~132,374	)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	~~480~~458,~~935~~178		$	~~482~~468,~~502~~034

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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CARO HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(UNAUDITED)

	For the Three Months Ended						~~For the Nine Months Ended~~
	December 31,						December 31,
	June 30,
	2024			2023			2024			2023
	2025			2024
Revenues	$	45,~~407~~986		$	~~521~~18,817		$	~~28,850~~		$	~~521~~
Operating Expenses
General and administration	$	~~101~~6,~~041~~487		$	624,~~184~~785		$	~~150,404~~		$	~~14,411~~
Professional fees		277,~~480~~213			454,~~311~~497			~~39,841~~			~~94,213~~
Management consulting fees - related party		110,~~208~~872			73,~~495~~155			~~8,832~~			~~17,487~~
Amortization		9,214			-9,214			~~27,642~~			-
Software and website development		-400			~~18,879~~-			-			~~129,740~~
Total operating expenses		~~138~~34,~~943~~186			7741,~~869~~651			~~226,719~~			~~255,851~~
Loss from operations		(~~134~~28,~~536~~200	)		(7722,~~348~~834	)		~~(197,869~~	)		~~(255,330~~	)
Other income (expense)
Interest expense		(~~109~~34,~~390~~463	)		(4724,~~450~~636	)		~~(182,362~~	)		~~(192,455~~	)
Interest income		~~973~~1,037			~~701~~787			~~2,586~~			~~1,219~~
Foreign exchange gain (loss)		(24,246	)		8,209			(4,137	)		3,046
Foreign exchange gain		25,316			255
Total other expense		(~~132~~8,~~663~~110	)		(3823,~~540~~594	)		~~(183,913~~	)		~~(188,190~~	)
Net loss before taxes		(~~267~~36,~~199~~310	)		(~~115~~46,~~888~~428	)		~~(381,782~~	)		~~(443,520~~	)
Provision for income taxes		-			-			-			-
Net loss	$	(~~267~~36,~~199~~310	)	$	(~~115~~46,~~888~~428	)	$	~~(381,782~~	)	$	~~(443,520~~	)
Other comprehensive income (loss)		23,825			(12,007	)		5,492			(6,386	)
Other comprehensive loss		(26,531	)		(248	)
Comprehensive Loss		(~~243~~62,~~374~~841	)		(~~127~~46,~~895~~676	)		~~(376,290~~	)		~~(449,906~~	)
Net Loss Per Common Share – Basic and Diluted	$	(0.0100	)	$	(0.00	)	$	~~(0.01~~	)	$	~~(0.01~~	)
Weighted Average Common Shares Outstanding		37,175,808			3036,~~019~~505,~~674~~000			~~36,823,044~~			~~42,394,348~~

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

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CARO HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

FOR THE ~~NINE~~THREE MONTHS ENDED ~~DECEMBER~~JUNE 3130, ~~2024~~2025 AND ~~2023~~2024

(UNAUDITED)

~~Nine~~Three Months Ended ~~December~~June 3130, ~~2024~~2025

	Common Stock				Additional					AccumulatedOther			Total
										Accumulated
	Common Stock				Additional					Other			Total
	Number of Shares		Amount		Paid in Capital		Accumulated Deficit			Comprehensive Loss			Stockholder's Deficit
Balance - March 31, 2024		36,505,000	$	365	$	645,958	$	(1,102,951	)	$	(7,905	)	$	(464,533	)
Balance - March 31, 2025		37,175,808	$	372	$	679,491	$	(1,795,907	)	$	(16,330	)	$	(1,132,374	)
Other comprehensive loss		-		-		-		-			(~~248~~26,531	)		(~~248~~26,531	)
Net loss		-		-		-		(4636,~~428~~310	)		-			(4636,~~428~~310	)
Balance - June 30, 2024		36,505,000	$	365	$	645,958	$	(1,149,379	)	$	(8,153	)	$	(511,209	)
Balance - June 30, 2025		37,175,808	$	372	$	679,491	$	(1,832,217	)	$	(42,861	)	$	(1,195,215	)
Conversion of notes to common stock		670,808		7		33,533		-			-			33,540
Other comprehensive loss		-		-		-		-			(18,085	)		(18,085	)
Net loss		-		-		-		(68,155	)		-			(68,155	)
Balance - September 30, 2024		37,175,808	$	372	$	679,491	$	(1,217,534	)	$	(26,238	)	$	(563,909	)
Other comprehensive income		-		-		-		-			23,825			23,825
Net loss		-		-		-		(267,199	)		-			(267,199	)
Balance - December 31, 2024		37,175,808	$	372	$	679,491	$	(1,484,733	)	$	(2,413	)	$	(807,283	)

~~Nine~~Three Months Ended ~~December~~June 3130, ~~2023~~2024

	Common Stock						Additional					AccumulatedOther			Total
												Accumulated
	Common Stock						Additional					Other			Total
	Number of Shares			Amount			Paid in Capital		Accumulated Deficit			Comprehensive Loss			Stockholder's Deficit
Balance - March 31, 2023		60,000,000		$	600		$	442,828	$	(563,910	)	$	(4,280	)	$	(124,762	)
Balance - March 31, 2024		36,505,000		$	365		$	645,958	$	(1,102,951	)	$	(7,905	)	$	(464,533	)
Other comprehensive loss		-			-			-		-			(~~4,650~~248	)		(~~4,650~~248	)
Net loss		-			-			-		(~~146~~46,~~246~~428	)		-			(~~146~~46,~~246~~428	)
Balance - June 30, 2023		60,000,000		$	600		$	442,828	$	(710,156	)	$	(8,930	)	$	(275,658	)
Balance - June 30, 2024		36,505,000		$	365		$	645,958	$	(1,149,379	)	$	(8,153	)	$	(511,209	)
Cancellation of common stock from related party		(36,865,000	)		(369	)		369		-			-			-
Issuance of common stock for conversion of convertible note		600,000			6			29,994		-			-			30,000
Other comprehensive income		-			-			-		-			10,271			10,271
Net loss		-			-			-		(181,386	)		-			(181,386	)
Balance - September 30, 2023		23,735,000		$	237		$	473,191	$	(891,542	)	$	1,341		$	(416,773	)
Issuance of common stock for conversion of convertible note		220,000			2			10,998		-			-			11,000
Issuance of common stock for deferred business acquisition cost		12,550,000			126			161,769		-			-			161,895
Other comprehensive loss		-			-			-		-			(12,007	)		(12,007	)
Net loss		-			-			-		(115,888	)		-			(115,888	)
Balance - December 31, 2023		36,505,000		$	365		$	645,958	$	(1,007,430	)	$	(10,666	)	$	(371,773	)

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

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CARO HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

	For the Nine Months Ended
	For the Three Months Ended
	December 31,
	June 30,
	2024			2023
	2025			2024
Cash Flows from Operating Activities:
Net loss	$	(~~381~~36,~~783~~310	)	$	(~~443~~46,~~520~~428	)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization		279,~~642~~214			-9,214
Loss on convertible notes		~~145~~15,~~000~~333			~~170~~13,~~200~~333
Changes in operating assets and liabilities:
Interest receivable		(21,~~586~~037	)		(~~1,219~~787	)
Other receivable		(53,~~887~~394	)		(~~315~~256	)
Prepaid expenses		~~105~~-			105
Accounts payable and accrued liabilities		(2513,~~249~~647	)		30(20,~~352~~414	)
Accrued interest payable		3719,~~358~~130			2211,~~257~~302
Management salary payable		-			~~10,045~~(657	)
Net Cash Used in Operating Activities		(~~205~~10,~~400~~711	)		(~~212~~34,~~201~~587	)
Cash Flows from Investing Activities:
Advancement on promissory loan receivable		(122,~~056~~400	)		~~(41,054~~-	)
Net Cash Used in Investing Activities		(122,~~056~~400	)		~~(41,054~~-	)
Cash Flows from Financing Activities:
Proceeds from issuance of promissory note		-			3,900
Proceeds from issuance of convertible notes		23,000			20,000
Proceeds from issuance of convertible notes		217,500			255,300
Repayment from related party		7,973			-
Net Cash Provided by Financing Activities		~~217~~30,~~500~~973			~~259~~20,~~200~~000
Effects on changes in foreign exchange rate		4(27,~~118~~388	)		(~~5,722~~392	)
Net Changes in Cash		4(9,~~162~~524	)		~~224~~(14,979	)
Cash, beginning of period		2014,~~794~~566			220,~~279~~794
Cash, end of period	$	245,~~956~~042		$	25,~~503~~815
Supplemental Disclosure Information:
Cash paid for interest	$	-		$	-
Cash paid for taxes	$	-		$	-
Non-Cash Investing and Financing Activities:
Cancellation of common stock from related party	$	-		$	369
Issuance of common stock for conversion of convertible note	$	33,540		$	41,000
Issuance of common stock for deferred business acquisition cost	$	-		$	161,895

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

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CARO HOLDINGS INC.

NOTES TO ~~UNAUDITED~~ CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

~~DECEMBER~~JUNE 3130, ~~2024~~2025

(UNAUDITED)

NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS

Caro Holdings Inc. (the “Company”) was incorporated on March 29, 2016 in the State of Nevada. Initially the Company engaged in the subscription box business with a focus on offering sock subscriptions to our customers. Our subscription box was a package of a pair of socks sent directly to a customer on a recurring basis. The Company was controlled and operated by Rozh Caroro from inception till April of 2022.

Effective April 28, 2022, Rozh Caroro, the previous sole director, CEO and majority shareholder of the Company, entered into a stock purchase agreement and sold controlling interest of the Company to Christopher McEachnie. Rozh Caroro resigned her positions with the Company and Christopher McEachnie was appointed as Chief Executive Officer, Treasurer and Secretary, and sole Director of the Company. His job was to increase shareholder value by looking for opportunities in the digital space.

Mr. McEachnie began to seek experienced operators to assist in the development of the company. On September 21, 2022, the Company incorporated a subsidiary Caro Holdings International Ltd. and appointed Meriesha Rennalls to streamline operations, hire employees, consultants and contractors including the development of a software and ecommerce platform. Between September 2022 and December 2023, the Company produced a platform that can be used for a variety of businesses including B2B, B2C and D2C. The core product is now complete and the company is soliciting clients in multiple industries. The subsidiary will continue to modify and enhance the ecommerce software for its chosen vertical markets and will allow those community to sell, market and distribute their products. The Company intends to create subsidiaries in markets where it perceives a significant sales opportunity.

Effective December 31, 2022, the Company issued 20,000,000 shares to Noise Comms Limited and subsequently the 36,795,000 shares were returned to Treasury and were cancelled, such that indirectly Meriesha Rennalls now holds approximately 53% of the issued and outstanding shares of Common Stock of the Company, and as such she is able to control the election of our board of directors, approve all matters upon which shareholder approval is required and, ultimately, the direction of our Company.

Prior to September 2022, we were an early-stage company and our activities had been limited to the to the formation of our business strategy and the raising of funds to support our mission.

The Company is now engaged in the deployment of our B2B, B2C and Direct to Consumer (D2C) systems and methodologies where we target specific vertical markets. We look for small to mid-size brands that have a strong brick-and-mortar presence and have a desire to increase their digital presence.

NOTE 2 – GOING CONCERN UNCERTAINTY

As reflected in the accompanying financial statements, the Company has an accumulated deficit of $1,~~484~~832,~~733~~217, and a net loss of $~~381~~36,~~782~~310 for the ~~nine~~three months ended ~~December~~June 3130, ~~2024~~2025. The Company started to generate revenues of $285,~~850~~986 during the ~~nine~~three months ended ~~December~~June 3130, ~~2024~~2025. These factors among others raise substantial doubt about our ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent on its ability to raise additional capital and implement its business plan. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Management believes that the current actions to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern. There are no assurances that additional funds will be available when needed from any source or, if available, will be available on terms that are acceptable to us.

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NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited interim consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles used in the United States of America (“US GAAP”) and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s most recent Annual Financial Statements filed with the SEC on Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. This report should be read in conjunction with the audited financial statements and the footnotes thereto for the fiscal year ended March 31, ~~2024~~2025 included in the Company’s Annual Report on Form 10-K as filed with the SEC on July 115, ~~2024~~2025.

Basis of Consolidation

These unaudited interim consolidated financial statements include the accounts of the Company and the wholly-owned subsidiary Caro Holdings International, Ltd. All material intercompany balances and transactions have been eliminated.

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Foreign Currency Translations

The Company’s functional and reporting currency is the U.S. dollar. Caro Holdings International, Ltd.’s functional currency is the Great British Pounds (GBP). All transactions initiated in GBP are translated into U.S. dollars in accordance with ASC 830-30, ”Translation of Financial Statements,” as follows:

	1)	Monetary assets and liabilities at the rate of exchange in effect at the balance sheet date.
	2)	Equity at historical rates.
	3)	Revenue and expense items at the average rate of exchange prevailing during the period.

Adjustments arising from such translations are deferred until realization and are included as a separate component of stockholders’ equity as a component of comprehensive income or loss. Therefore, translation adjustments are not included in determining net income (loss) but reported as other comprehensive income (loss). Gains and losses from foreign currency transactions are included in earnings in the period of settlement.

	Nine MonthsEnded		Nine Months Ended
	Three Months Ended
	December 31,		December 31,
	June 30,
	2024		2023
	2025		2024
Spot GBP: USD exchange rate		1.~~2530~~3706		1.~~2730~~2640
Average GBP: USD exchange rate		1.~~2812~~3358		1.~~2534~~2620

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Revenue Recognition

The Company recognizes revenue from the sale of products and services in accordance with ASC 606, “Revenue Recognition” following the five steps procedure:

Step 1: Identify the contract(s) with customers

Step 2: Identify the performance obligations in the contract

Step 3: Determine the transaction price

Step 4: Allocate the transaction price to performance obligations

Step 5: Recognize revenue when the entity satisfies a performance obligation

The Company’s revenue derives from monthly fee from online ecommerce service where users can sign up and setup their own online shops.

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Intangible Assets

The Company accounts for intangible assets (including trademarks and formula) in accordance with ASC 350 “Intangibles-Goodwill and Other.”

ASC 350 requires that goodwill and other intangibles with indefinite lives be tested for impairment annually or on an interim basis if events or circumstances indicate that the fair value of an asset has decreased below its carrying value. In addition, ASC 350 requires that goodwill be tested for impairment at the reporting unit level (operating segment or one level below an operating segment) on an annual basis and between annual tests when circumstances indicate that the recoverability of the carrying amount of goodwill may be in doubt. Application of the goodwill impairment test requires judgment, including the identification of reporting units, assigning assets and liabilities to reporting units, assigning goodwill to reporting units, and determining the fair value. Significant judgments required to estimate the fair value of reporting units include estimating future cash flows, determining appropriate discount rates and other assumptions. Changes in these estimates and assumptions or the occurrence of one or more confirming events in future periods could cause the actual results or outcomes to materially differ from such estimates and could also affect the determination of fair value and/or goodwill impairment at future reporting dates.

The cost of intangible assets with determinable useful lives is amortized to reflect the pattern of economic benefits consumed, either on a straight-line or accelerated basis over the estimated periods benefited. Patents, technology and other intangibles with contractual terms are generally amortized over their respective legal or contractual lives. When certain events or changes in operating conditions occur, an impairment assessment is performed and lives of intangible assets with determinable lives may be adjusted. (Note 5)

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Related Parties

We follow ASC 850, “Related Party Disclosures”, for the identification of related parties and disclosure of related party transactions. (Note 10)

Fair Value of Financial Instruments

The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures,” which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements.

The estimated fair value of certain financial instruments, including accounts payable and accrued liabilities. are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments. The carrying amounts of our short term credit obligations approximate fair value because the effective yields on these obligations, which include contractual interest rates taken together with other features such as embedded conversion options, are comparable to rates of returns for instruments of similar credit risk.

ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value:

Level 1 -	quoted prices in active markets for identical assets or liabilities
Level 2 -	quoted prices for similar assets and liabilities in active markets or inputs that are observable
Level 3 -	inputs that are unobservable (for example cash flow modeling inputs based on assumptions)

Convertible Note

The Company follows ASC 480-10, Distinguishing Liabilities from Equity (“ASC 480-10”) in its evaluation of the accounting for a hybrid instrument. A financial instrument that embodies an unconditional obligation, or a financial instrument other than an outstanding share that embodies a conditional obligation, that the issuer must or may settle by issuing a variable number of its equity shares shall be classified as a liability (or an asset in some circumstances) if, at inception, the monetary value of the obligation is based solely or predominantly on any one of the following: (a) a fixed monetary amount known at inception; (b) variations in something other than the fair value of the issuer’s equity shares; or (c) variations inversely related to changes in the fair value of the issuer’s equity shares. Hybrid instruments meeting these criteria are not further evaluated for any embedded derivatives. The Company records each convertible note as a liability at the fixed monetary amount by measuring and recording a premium, as applicable, on the note issuance date with a charge to interest expense in the accompanying consolidated statements of operations and comprehensive loss.

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Software Development

The Company accounts for all software purchased and software development costs in accordance with FASB ASC 985-20 “Software”. Accordingly, all costs incurred prior to establishing technological feasibility are expensed and software purchased or developed with established technological feasibility are capitalized. Software purchased is recorded at cost and depreciated using the straight-line method upon implementation with an estimated useful life of seven years.

As of ~~December~~June ~~31,~~30 ~~2024~~2025, purchased software of $258,000 was capitalized and none of the costs associated with software development met the criteria for capitalization.

Web Development Cost

In accordance with FASB ASC 350-50 “Web Development Costs”, all costs incurred during the website planning stage are incurred. During the website application and infrastructure development stage, software tool costs and internet domain costs are capitalized, and website hosting costs are expensed. Cost incurred in the graphics development, content development and operating stage are generally expensed unless the costs are software related and should then be capitalized.

Net Income (Loss) per Share

The Company computes basic and diluted net loss per share amounts in accordance with ASC Topic 260, “Earnings per Share.” Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of shares of common stock outstanding during the reporting period. Diluted loss per share reflects the potential dilution that could occur if convertible notes to issue common stock were converted resulting in the issuance of common stock that could share in the loss of the Company.

9For ~~Table~~the three months ended June 30, 2025 and 2024, convertible notes were dilutive instruments and were not included in the calculation of ~~Contents~~diluted loss per share as their effect would be antidilutive.

For the nine months ended December 31, 2024 and 2023, convertible notes were dilutive instruments and were not included in the calculation of diluted loss per share as their effect would be antidilutive.

	June 30,		June 30,
	2025		2024
	(Shares)		(Shares)
Convertible notes payable		884,641		768,666

	December 31,		December 31,
	2024		2023
	(Shares)		(Shares)
Convertible notes payable		346,598		651,166

Recent accounting pronouncements

~~Recently~~We ~~Accounting~~have ~~Pronouncements~~evaluated all other recently issued, but not yet effective, accounting pronouncements and do not believe that these accounting pronouncements will have any material impact on our financial statements or disclosures upon adoption.

InRecently ~~August~~adopted 2020, the FASB issued ASU 2020-06, ASC Subtopic 470-20 “Debt—Debt with “Conversion and Other Options” and ASC subtopic 815-40 “Hedging—Contracts in Entity’s Own Equity”. The standard reduced the number of accounting models for convertible debt instruments and convertible preferred stock. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify for a scope exception from derivative accounting; and, (2) convertible debt instruments issued with substantial premiums for which the premiums are recorded as paid-in capital. The amendments in this update are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company is currently assessing the impact of the adoption of this standard on its consolidated financial statements.standards

In ~~December~~August ~~2023~~2020, the FASB issued ASU ~~No. 2023~~2020-0906, ~~Income~~ASC ~~Taxes~~Subtopic ~~(Topic~~470-20 ~~740)~~“Debt-Debt with Conversion and Other Options” and ASC subtopic 815-40 ~~Improvements~~“Hedging-Contracts in Entity’s Own Equity.” The standard reduced the number of accounting models for convertible debt instruments and convertible preferred stock. Convertible instruments that continue to ~~Income~~be ~~Tax~~subject ~~Disclosures~~to ~~("ASU~~separation ~~2023-09"~~models are (1), ~~which~~those iswith ~~intended~~embedded conversion features that are not clearly and closely related to ~~enhance~~the host contract, that meet the ~~transparency~~definition of a derivative, and ~~decision~~that ~~usefulness~~do ofnot ~~income~~qualify ~~tax~~for ~~disclosures.~~a ~~The~~scope ~~amendments~~exception from derivative accounting; and (2) convertible debt instruments issued with substantial premiums for which the premiums are recorded as paid-in capital. ASU ~~2023~~2020-0906 ~~provide~~removes ~~for~~from ~~enhanced~~U.S. ~~income~~GAAP ~~tax~~the ~~information~~separation ~~primarily~~models ~~through~~for ~~changes~~(1) toconvertible ~~the~~debt ~~rate~~with ~~reconciliation~~a CCF and ~~income~~(2) ~~taxes~~convertible ~~paid~~instruments ~~information~~with a beneficial conversion feature (“BCF”). With the adoption of ASU ~~2023~~2020-0906, isentities ~~effective~~will ~~for~~not ~~the~~separately ~~Company~~present ~~prospectively~~in toequity ~~all~~an ~~annual~~embedded ~~periods~~conversion feature these debts. The amendments in this update are effective for fiscal years beginning after December 15, ~~2024~~2023, including interim periods within those fiscal years. Early adoption is permitted. WeThe ~~are~~adoption ~~currently~~of ~~evaluating~~ASU ~~the~~2023-09 ~~impact~~has ~~this~~not ~~update~~had ~~will~~a ~~have~~material effect on ~~our~~the ~~unaudited~~Company’s ~~condensed consolidated financial~~ statements and disclosures.

In10 ~~November~~Table ~~2023,~~of the FASB issued ASU No. 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures ("ASU 2023-07"), which require public companies disclose significant segment expenses and other segment items on an annual and interim basis and to provide in interim periods all disclosures about a reportable segment's profit or loss and assets that are currently required annually. The guidance is effective for public entities for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The guidance is applied retrospectively to all periods presented in the financial statements, unless it is impracticable. We are currently evaluating the impact this update will have on our unaudited condensed consolidated financial statements and disclosures.Contents

In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280). The amendments in this update expand segment disclosure requirements, including new segment disclosure requirements for entities with a single reportable segment among other disclosure requirements. This update is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024.The adoption of ASU 2023-07 has not had a material effect on the Company’s statements and disclosures.

In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures (“ASU 2023-09”), which is intended to enhance the transparency and decision usefulness of income tax disclosures. The amendments in ASU 2023-09 provide for enhanced income tax information primarily through changes to the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for the Company prospectively to all annual periods beginning after December 15, 2024. Early adoption is permitted. The adoption of ASU 2023-09 has not had a material effect on the Company’s statements and disclosures.

NOTE 4 – DEFERRED BUSINESS ACQUISITION COST

On November 14, 2023, the Company agreed to acquire a marketplace provider in the spirits industry, a non-affiliated corporation based in Wyoming, under which the Company will issue, on a pro-rata basis, up to 12,550,000 shares of common stock based on the acquiree’s reaching future milestones in exchange for 100% of the issued and outstanding shares of the acquiree making it a wholly owned subsidiary of the Company. The shares will remain in escrow with the Company until those milestones.

On November 17, 2023, the Company issued 12,550,000 shares of common stock at $0.0129 deemed share price (based on the latest arm-length share transaction price in April 2022) valued at $161,895 into an escrow account. The future release of the common stock will depend on the acquiree’s reaching the following milestones:

	·	Upon acquiree’s achieving $250,000 in net revenue, 25% (3,137,500 shares) of the common stock held in escrow will be released to the acquiree’s shareholders.

	·	Upon acquiree’s achieving $500,000 in net revenue, 25% (3,137,500 shares) of common stock held in escrow will be released to the acquiree’s shareholders.

	·	Upon acquiree’s achieving $1,000,000 in net revenue, 50% (6,275,000 shares) of common stock held in escrow will be released to the acquiree’s shareholders.

As of ~~December~~June 3130, ~~2024~~2025, the business acquisition has not been completed. The acquisition is expected to be completed during the quarter ended ~~June~~December 3031, 2025.

NOTE 5 – INTANGIBLE ASSETS PURCHASE

On December 29, 2022, the Company entered into a software purchase agreement with Noise Comms Ltd. for the acquisition of software for a Unified Communications Platform which enables multi-party communications between brands and consumers in consideration of 20,000,000 shares of common stock. For the last six years, the director and COO of the Company has been operating Noise Comms Ltd and is the sole shareholder, COO and director. On January 9, 2023, the Company issued 20,000,000 shares of common stock at $0.0129 deemed share price (based on the latest arm-length share transaction price in April 2022) to Noise Comms Ltd. for the acquisition of the software valued at $258,000.

10The ~~Table~~software is amortized over estimated useful life of ~~Contents~~seven years following launch of the service commenced from the 4th quarter of fiscal year 2023 (three months ended March 31, 2024). During the year ended March 31, 2025 and 2024, the amortization expense was $36,856 and $9,214, respectively. As of June 30, 2025 and March 31, 2025, the intangible asset was $202,716 and $211,930, respectively. Based on the carrying value of finite-lived intangible assets as of June 30, 2025, the amortization expense for the future years will be as follows:

The software is amortized over estimated useful life of seven years following launch of the service commenced from the 4th quarter of fiscal year 2023 (three months ended March 31, 2024). During the nine months ended December 31, 2024, the amortization expense was $27,642. As of December 31, 2024 and March 31, 2024, the intangible asset was $221,144 and $248,786, respectively. Based on the carrying value of finite-lived intangible assets as of December 31, 2024, the amortization expense for the next seven years will be as follows:

	Amortization
Year Ended March 31,	Expense
2026 (excluding three months ended June 30, 2025)	$	27,643
2027		36,857
2028		36,857
2029		36,857
2030		36,857
2031		27,645
	$	202,716

	Amortization
Year Ended March 31,	Expense
2025 (excluding nine months ended December 31, 2024)	$	9,215
2026		36,857
2027		36,857
2028		36,857
2029		36,857
Thereafter		64,500
	$	221,144

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NOTE 6 – PROMISSORY NOTE RECEIVABLE

On March 20, 2023, the Company signed an agreement with an unaffiliated company for a loan receivable amount of up to $15,000.The loan bears interest at 8% per annum and has a six -month term. During the year ended March 31, 2024, the Company issued $5,000 in loan receivable to the unaffiliate. As of ~~December~~March 31, ~~2024~~2025 and March 31, 2024, the loan receivable was $11,000 and $11,000, respectively. As of ~~December~~June 3130, ~~2024~~2025 and March 31, ~~2024~~2025, the loan interest receivable was $1,~~509~~946 and $~~846~~1,726, respectively

On June 1, 2023, the Company signed an agreement with an unaffiliated company for a loan receivable. The loan bears interest at 8% per annum and has a six -month term. During the year ended March 31, 2024, the Company issued $6,554 in loan receivable to the unaffiliate and made $3,100 repayment. During the ~~nine~~year ~~months~~ ended ~~December~~March 31, ~~2024~~2025, the Company issued $12,056 in loan receivable. As of ~~December~~June 3130, ~~2024~~2025 and March 31, ~~2023~~2025, the loan receivable was $15,510 and $015,510, respectively. As of ~~December~~June 3130, ~~2024~~2025 and. March 31, ~~2024~~2025, the loan interest receivable was $~~638~~1,253 and $~~221~~944, respectively.

On September 14, 2023, the Company signed an agreement with an unaffiliated company for a loan receivable amount of up to $20,000. The loan bears interest at 8% per annum and has a six -month term. During the year ended March 31, 2024, the Company issued $20,000 in loan receivable to the unaffiliate. During the three months ended June 30, 2025, the Company issued further $2,400 in loan receivable to the unaffiliate. As of ~~December~~June 3130, ~~2024~~2025 and March 31, ~~2024~~2025, the loan receivable was $20,~~000~~400 and $20,000, respectively. As of ~~December~~June 3130, ~~2024~~2025 and March 31, ~~2024~~2025, the loan interest receivable was $2,~~078~~881 and $~~872~~2,472, respectively.

On November 30, 2023, the Company signed an agreement with an unaffiliated company for a loan receivable amount of up to $9,500. The loan is non-interest bearing and has a six -month term. During the year ended March 31, 2024, the Company issued $9,500 in loan receivable to the unaffiliate. As of ~~December~~June 3130, ~~2024~~2025 and March 31, ~~2024~~2025, the loan receivable was $9,500 and $9,500, respectively.

As of ~~December~~June 3130, ~~2024~~2025 and March 31, ~~2024~~2025, the total loan receivable was $5658,~~010~~410 and $4356,~~954~~010 respectively. As of ~~December~~June 3130, ~~2024~~2025 and March 31, ~~2024~~2025, total loan interest receivable was $46,~~225~~079 and $15,~~940~~142, respectively.

NOTE 7 – CONVERTIBLE NOTE RECEIVABLE

On March 14, 2024, the Company signed an agreement with an unaffiliated company for a convertible loan receivable amount of $5,000. The loan bears interest at 8% per annum and has a two-month term. The Company may convert the outstanding amount of the loan, including accrued interest, into shares of the unaffiliated company at a valuation of $500,000 minus any outstanding debt at the time of conversion. As of ~~December~~June 3130, ~~2024~~2025 and March 31, ~~2024~~2025, the total loan receivable was $5,000 and $5,000, respectively. As of ~~December~~June 3130, ~~2024~~2025 and March 31, ~~2024~~2025, the loan interest receivable was $~~320~~518 and $19419, respectively.

On February 11, 2025, the Company signed an agreement with an unaffiliated company for a convertible loan receivable amount of $30,917. The loan bears interest at 8% per annum and expires on December 1, 2027. The Company may convert the outstanding amount of the loan, including accrued interest, into shares of the unaffiliated company at a valuation of GBP3,000,000 minus any outstanding debt at the time of the conversion. On February 21, 2025, $30,917 of the loan was fully repaid. As of June 30, 2025 and March 31, 2025, the loan interest receivable was $68 and $68, respectively.

As of June 30, 2025 and March 31, 2025, the total loan receivable was $5,000 and $5,000, respectively. As of June 30, 2025 and March 31, 2025, the loan interest receivable was $586 and $486, respectively.

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NOTE 8 – PROMISSORY NOTES PAYABLE

On October 9, 2022, the Company issued a $25,000 promissory note to an unaffiliated party. The note bears interest at 8% per annum and matures in six months from the issuance date.

On April 3, 2023, the Company issued a $3,900 promissory note to an unaffiliated party. The note bears interest at 8% per annum and matures in six months from the issuance date.

As of ~~December~~June 3130, ~~2024~~2025 and March 31, ~~2024~~2025, the total promissory note payable was $28,900 and $28,900, respectively. As of ~~December~~June 3130, ~~2024~~2025 and March 31, ~~2024~~2025, the accrued interest payable was $46,~~993~~139 and 35,~~251~~563, respectively.

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NOTE 9 – CONVERTIBLE NOTES PAYABLE

As of ~~December~~June 3130, ~~2024~~2025 and March 31, ~~2024~~2025, the total principal balance of the convertible notes payable was $1,~~065~~365,500 and $~~735~~1,~~333~~365,500, respectively.

	December 31,		March 31,
	June 30,		March 31,
	2024		2024
	2025		2025
October 2022	$	-	$	32,333
November 2022	$	110,000	$	110,000
November 2022		110,000		110,000
February 2023		83,333		83,333
April 2023		50,000		50,000
May 2023		33,333		33,333
July 2023		125,000		125,000
August 2023		38,333		38,333
September 2023		83,333		83,333
November 2023		62,167		62,167
December 203		33,333		33,333
February 2024		40,000		40,000
March 2024		44,167		44,167
May 2024		16,667		-16,667
June 2024		16,667		-16,667
July 2024		16,667		-16,667
August 2024		25,000		-25,000
September 2024		49,167		-49,167
October 2024		13,333		-13,333
November 2024		100,000		-100,000
December 2024		125,000		-125,000
	$	1,065,500	$	735,333
January 2025		233,333		233,333
March 2025		66,667		66,667
May 2025		20,000		-
June 2025		18,333		-
	$	1,403,833	$	1,365,500

The terms of the convertible notes are summarized as follows:

	·	Bears interest at 10% per annum
	·	Matures six months from the issuance date
	·	Convertible at 60% of the average VWAP of the Company’s’ stock during the previous 15 trading days prior to conversion

During the ~~nine~~three months ended ~~December~~June 3130, ~~2024~~2025 and ~~2023~~2024, debt premium of $~~145~~15,~~000~~333 and $~~170~~13,~~200~~333 was recognized as a loss on convertible note and charged to interest expense.

During the ~~nine~~three months ended ~~December~~June 3130, ~~2024~~2025 and ~~2023~~2024, interest expense of $~~180~~33,~~617~~887 (including $~~145~~15,~~000~~333 loss on convertible notes charged to interest expense as described above) and $~~190~~24,~~728~~636, (including $~~170~~13,~~200~~333 loss on convertible notes charged to interest expense as described above) was incurred on convertible notes, respectively. ~~During the nine months ended December 31, 2024, the Company issued 670,808 shares of common stock for the repayment of convertible note principal amount of $32,330 and accrued interest of $1,207.~~ As of ~~December~~June 3130, ~~2024~~2025 and March 31, ~~2024~~2025, accrued interest payable on convertible notes was $69100,~~042~~786 and $3482,~~633~~233, respectively.

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NOTE 10 – RELATED PARTY TRANSACTIONS

During the ~~nine~~three months ended ~~December~~June 3130, ~~2024~~2025 and ~~2023~~2024, the Company incurred $8810,~~832~~872 and $173,~~487~~155 management consulting fees to the director and Chief Operating Officer (“COO”) of the Company, respectively. During the three months ended June 30, 2025, the Company received repayment of $7,973 from the Director. As of ~~December~~June 3130, ~~2024~~2025 and March 31, ~~2024~~2025, the amount due to the director and COO of the Company was $1314,~~204~~688 and $106,~~944~~132, respectively.

As of ~~December~~June 3130, ~~2024~~2025 and March 31, ~~2024~~2025, there was $6365,~~550~~033 and $6356,~~360~~476 due to the current directors of the Company, respectively.

NOTE 11 – EQUITY

Authorized Stock

The Company’s authorized common stock consists of 75,000,000 shares at $0.00001 par value.

Common Stock

~~During~~ As ~~the~~of ~~nine~~June ~~months~~30, ~~ended~~2025 ~~December~~and March 31, ~~2024~~2025, the ~~Company~~ issued ~~670,808~~and ~~shares~~outstanding of common stock ~~for~~was ~~the repayment of convertible note principal amount of $32~~37,~~330 and accrued interest of $1~~175,~~207~~808 shares.

AsNOTE of12 ~~December~~– ~~31,~~SEGMENT ~~2024 and March 31, 2024, the issued and outstanding common stock was 37,175,808 and 36,505,000 shares, respectively.~~REPORTING

~~NOTE~~Operating 12segments comprised –of ~~SUBSEQUENT~~the ~~EVENTS~~components of an entity in which separate information is available for evaluation by the Company’s chief operating decision maker, or group of decision makers, in determining how to allocate resources in evaluating performance. The Company consists of a single reporting segment: B2B, B2C and D2C Business. The Company’s chief operating decision maker (“CODM”) is its Chief Executive Officer.

InThe ~~accordance~~accounting ~~with~~policies ~~ASC~~of ~~855~~the B2B, ~~“Subsequent~~B2C ~~Events,”~~and D2C segment are as described in the ~~Company~~summary ~~has~~of ~~analyzed~~significant ~~its~~accounting ~~operations~~policies. ~~subsequent~~The toCODM ~~December~~evaluates ~~31,~~the ~~2024~~performance toof the ~~date~~Saas ~~these~~segment ~~financial~~based ~~statements~~on ~~were~~the ~~issued~~Company’s ~~and~~net ~~has~~loss ~~determined~~as ~~that~~reported itin ~~does~~the ~~not~~Statements ~~have any~~of ~~material~~Operations. ~~subsequent~~The ~~events~~Company’s tosegment ~~disclose~~assets inare ~~these~~reported ~~financial~~on ~~statements~~the Balance Sheets.

12The ~~Table~~CODM reviews performance based on gross profit, operating profit and net earnings. Operating profit is reviewed to monitor the operating and administrative expenses of ~~Contents~~the Company. Profitability is important to the Company’s ability to grow and expand operations and strategic initiatives. The Company does not have any operations or sources of revenue from its 80% owned subsidiary outside of Great Britain.

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Item 2. Management’s Discussion and Analysis of Financial Condition or Plan of Operation

FORWARD-LOOKING STATEMENTS

This quarterly report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our unaudited financial statements are prepared in accordance with United States Generally Accepted Accounting Principles. The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this quarterly report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this quarterly report.

In this quarterly report, unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to “common shares” refer to the common shares in our capital stock.

As used in this quarterly report, the terms “we”, “us”, “our” and “our company” mean Caro Holdings Inc., unless otherwise indicated.

General Overview

Our History

Our company was incorporated on March 29, 2016 in the State of Nevada. ~~Initially~~We wehad been engaged in the subscription box business with aour initial focus on offering sock subscriptions to our customers. Our subscription box was a package of a pair of socks that will be sent directly to a customer on a recurring basis. ~~The~~For example, a potential subscriber would subscribe to receive a pair of socks once a month for either a period of 6 months or 12 months. Our subscription sock boxes were a marketing strategy and a method of product distribution, allowing us to target a wide range of customers and cater to their variety of specific needs and interests. We are a small early-stage development company. ~~was~~To ~~controlled~~date, our company's activities have been limited to the sourcing of our advertising channels, initial branding efforts, and ~~operated~~in byour ~~Rozh~~formation ~~Caroro~~and ~~from~~the raising of equity capital. We have no revenues and have limited cash on hand. We have sustained losses since inception ~~till~~and ~~April~~have relied upon loans from directors and officers and the sale of ~~2022~~our securities for funding. We have never declared bankruptcy, been in receivership, or involved in any kind of legal proceeding

Mr. McEachnie began to seek experienced operators to assist in the development of the company. On September 21, 2022, the Company incorporated a subsidiary Caro Holdings International Ltd. and appointed Meriesha Rennalls to streamline operations, hire employees, consultants and contractors including the development of a software and ecommerce platform. Between September 2022 and December 2023, the company produced a platform that can be used for a variety of businesses including B2B, B2C and D2C. The core product is now complete and the company is soliciting clients in multiple industries. The subsidiary will continue to modify and enhance the ecommerce software for its chosen vertical markets and will allow those community to sell, market and distribute their products. The company intends to create subsidiaries in markets where it perceives a significant sales opportunity.

Effective December 31, 2022 the company issued 20,000,000 shares to Noise Comms Limited and subsequently the 36,795,000 shares were returned to Treasury and were cancelled, such that indirectly Meriesha Rennalls now holds approximately 53% of the issued and outstanding shares of Common Stock of the Company, and as such she is able to control the election of our board of directors, approve all matters upon which shareholder approval is required and, ultimately, the direction of our Company.

Prior to September 2022, we were an early-stage company and our activities had been limited to the to the formation of our business strategy and the raising of funds to support our mission.

Our Current Business

We ~~are~~deploy ~~now~~integrated ~~engaged in the deployment of our~~ B2B, B2C, and ~~Direct to Consumer (~~D2C) ~~systems~~solutions ~~and~~for ~~methodologies~~small ~~where~~to wemid-sized ~~target~~retailers ~~specific~~seeking ~~vertical~~digital ~~markets~~expansion. WeOur ~~look~~platform ~~for~~combines ~~small~~marketing, toanalytics, ~~mid~~and e-~~size~~commerce ~~brands~~functionality ~~that~~within ~~have~~industry-specific aniches, ~~strong~~enabling ~~brick~~data-~~and-mortar~~driven ~~presence~~personalization ~~and~~across ~~have~~channels awith ~~desire~~scalable toinfrastructure ~~increase~~designed ~~their~~for ~~digital~~cost-effective ~~presence~~growth.

~~Our~~We ~~D2C~~are ~~system~~also islaunching aspecialized ~~fully~~marketplaces ~~integrated~~for ~~360°~~service ~~platform~~providers, ~~that~~across ~~allows~~a ~~marketing,~~myriad ~~analytics~~of ~~and~~industries ~~e-commerce~~to ~~functionality~~help ~~wrapped~~consumers ~~around~~find anthe ~~industry-specific~~right ~~directory~~provider, ~~listing~~at ~~platform.~~the ~~The~~right ~~analytical~~time ~~data~~and ~~provides~~place. ~~insight~~The ~~from~~initial ~~multiple~~marketplaces ~~channels~~will toassist ~~facilitate~~us ~~successful~~in ~~marketing~~validating ~~decisions~~our ~~based~~technology onthrough aoperational ~~client’s~~implementations ~~entire~~in ~~business~~select ~~performance~~verticals.

13In ~~Table~~July of2025, ~~Contents~~we introduced our AI automation framework for SMBs, handling the complete customer journey from outreach to conversion. The system integrates with existing CRM platforms to streamline acquisition workflows.

~~Based~~We've ondeveloped ~~these~~AI ~~analytics,~~agents ~~the~~to ~~system~~automate ~~can~~investor ~~immediately~~relations, ~~deploy~~reporting, ~~personalization and optimization independently~~compliance, and ~~enhance~~stakeholder ~~understanding~~communications offor ~~how~~public ~~customer interactions vary across different regions. Furthermore~~companies, ~~our~~with ~~infrastructure~~additional issolutions ~~designed~~for tofinancial ~~take~~reporting ~~advantage~~and ofmarket ~~growth~~intelligence ~~opportunities~~in ~~with minimal additional costs~~development.

~~Since~~15 ~~September~~Table ~~2022, the company has been actively engaged in soliciting and identifying clients in across a broad spectrum~~ of industries. It has also been engaged in several marketing activities to attract partners, clients and beta testers who are providing valuable feedback in order for us to ensure our system meets their needs and expectations. Contents

~~The~~Our ~~Company~~growth isstrategy ~~also~~targets ~~looking~~brands torequiring ~~provide~~enhanced ~~its~~digital ~~marketplace~~infrastructure ~~platform to the pet care~~ and ~~spirit~~AI-enabled ~~industries in the United States and the United Kingdom. The Company is also engaging in a full array of marketing activities including social media~~operations, ~~attending~~with ~~trade~~revenue ~~shows~~expansion ~~and~~supported ~~fairs,~~by ~~online~~ongoing ~~conferences,~~product ~~and utilizing identified experts in affiliate marketing~~development, ~~pay-per-click,~~direct ~~organic~~outreach, ~~search, engine, optimization,~~ and ~~social~~strategic ~~media~~channel ~~marketing to promote D2C commerce~~partnerships.

On December 29, 2022, the Company entered into a software license agreement with Noise Comms Ltd. for the acquisition of a Unified Communications Platform which enables multi-party communications between brands and consumers in consideration of 20,000,000 shares of common stock valued at $258,000.

On November 14, 2023, the Company agreed to acquire a marketplace provider in the spirits industry, a non-affiliated corporation based in Wyoming, under which the Company will issue, on a pro-rata basis, up to 12,550,000 shares of common stock based on the ~~company~~acquiree’s reaching future milestones in exchange for 100% of the issued and outstanding shares of the ~~company~~acquiree making it a wholly owned subsidiary of the Company. The shares will remain in escrow with the ~~company~~Company until those milestones.

We are still a small early-stage development company with minimal revenues and limited cash on hand. We have sustained losses since inception and have relied upon loans from directors and officers and the sale of our securities for funding. We have never declared bankruptcy, been in receivership, or been involved in any kind of legal proceeding.

Marketing, Advertising, and Promotion

We believe that our systems will become one of our most important assets. Our ability to successfully create brand awareness is dependent upon our ability to address the changing needs and priorities of each brand’s target customers. To that end, we plan to focus much of our marketing efforts to recruit partners. We will then apply our methodologies to better understand their customers and their needs and ensure we align our brand messages in the marketing, and the channels through which we deliver these messages, to the target customers.

Results of Operations

Three Months Ended ~~December~~June 3130, ~~2024~~2025 Compared to Three Months Ended ~~December~~June 3130, ~~2023~~2024

	Three Months Ended
	December 31,						Change			Change
	2024			2023			Amount			Percentage
Revenue	$	4,407		$	521		$	3,886			746	%
Operating expenses		138,943			77,869			61,074			78	%
Loss from operations		(134,536	)		(77,348	)		(57,188	)		74	%
Other expenses		(132,663	)		(38,540	)		(94,123	)		244	%
Net Loss	$	(267,199	)	$	(115,888	)	$	(151,311	)		131	%

The following summary of our results of operations should be read in conjunction with our financial statements for the three months ended June 30, 2025, which are included herein. Our operating results for the three months ended June 30, 2025, for the three months ended June 30, 2024 and the changes between those periods for the respective items are summarized as follows:

Net loss increased from $115,888 for the three months ended December 31, 2023 to $267,199 for the three months ended December 31, 2024, due to increases in operating expenses.

	Three Months Ended
	June 30,						Change			Change
	2025			2024			Amount			Percentage
Revenue	$	5,986		$	18,817		$	(12,831	)		-68	%
Operating expenses		34,186			41,651			(7,465	)		-18	%
Loss from operations		(28,200	)		(22,834	)		(5,366	)		24	%
Other expenses		(8,110	)		(23,594	)		15,484			-66	%
Net Loss	$	(36,310	)	$	(46,428	)	$	10,118			-22	%

~~Revenue~~Net ~~increased~~loss decreased from $~~521~~46,428 for the three months ended ~~December~~March 31, ~~2023~~2024 to $436,~~407~~310 for the three months ended ~~December~~June 3130, ~~2024~~2025 due to the decrease in operating expenses and other expenses.

~~The~~During ~~increase in operation expenses during~~ the three months ended ~~December~~June 3130, 2025 and 2024, ~~was~~we ~~due~~generated to$5,986 ~~the~~and ~~increase~~$18,817 in ~~advertising~~revenue, ~~cost and amortization expense~~respectively.

~~During~~Operating expenses decreased from $41,651 for the three months ended ~~December~~March 31, 2024 ~~and~~to ~~2023~~$34,186 for the ~~Company~~three ~~incurred~~months ~~other~~ended ~~expenses~~March ~~of $132~~31,~~663~~ ~~and~~2025 ~~$38,540,~~mainly ~~primarily~~due ~~consisting~~to ofthe ~~note~~decrease ~~interest~~in advertising and marketing expense, service fees and ~~debt~~subscription ~~issuance~~fees ~~costs~~and management consulting fees.

14Other ~~Table~~expenses decreased from $23,594 for the three months ended June 30, 2024 to $8,110 for the three months ended June 30, 2025 mainly due to the recognition of ~~Contents~~foreign exchange gain of $25,316 during the three months ended June 30, 2025.

~~Nine~~16 ~~Months~~Table ~~Ended~~of ~~December 31, 2024 Compared to Nine Months Ended December 31, 2023~~Contents

	Nine Months Ended
	December 31,						Change			Change
	2024			2023			Amount			Percentage
Revenue	$	28,850		$	521		$	28,329		5437		%
Operating expenses		226,719			255,851			(29,132	)		-11	%
Loss from operations		(197,869	)		(255,330	)		57,461			-23	%
Other expenses		(183,913	)		(188,190	)		4,277			-2	%
Net Loss	$	(381,782	)	$	(443,520	)	$	61,738			-14	%

Net loss decreased from $443,520 for the nine months ended December 31, 2023 to $381,782 for the nine months ended December 31, 2024, due to increase in revenue, decrease in operating expenses and decrease in other expenses.

Revenue increased from $521 for the nine months ended December 31, 2023 to $28,850 for the nine months ended December 31, 2024.

The increase in operation expenses during the three months ended December 31, 2024 was due to the decrease in accounting and audit fees, consulting fees and software and website development cost.

During the nine months ended December 31, 2024 and 2023, the Company incurred other expenses of $183,913 and $188,190, primarily consisting of note interest expense and debt issuance costs. During the nine months ended December 31, 2024 and 2023, the debt issuance cost was $145,000 and $170,200, respectively.

Liquidity and Financial Condition

Working Capital (Deficiency)
	December 31, 2024			March 31, 2024
Current Assets	$	259,791		$	233,716
Current Liabilities		1,288,218			947,035
Working Capital (Deficiency)	$	(1,028,427	)	$	(713,319	)

Working Capital (Deficiency)

Cash Flows
	June 30, 2025			March 31, 2025
	Nine Months Ended
Current Assets	$	255,462		$	256,104
	December 31,
Current Liabilities		1,653,393			1,600,408
	2024			2023
Working Capital (Deficiency)	$	(1,397,931	)	$	(1,344,304	)
Cash used in Operating Activities	$	(205,400	)	$	(212,201	)
Cash used in Investing Activities		(12,056	)		(41,054	)
Cash provided by Financing Activities		217,500			259,200
Effects on changes in foreign exchange rate		4,118			(5,722	)
Net changes in cash during period	$	4,162		$	224

~~Our~~Cash total current assets as of December 31, 2024 were $259,791 compared to $233,716 as of March 31, 2024. The increase is primarily due to deferred acquisition costs, accounts receivable and other receivable, cash and interest receivable.Flows

Our total current liabilities as of December 31, 2024 were $1,288,218 compared to $947,035 as of March 31, 2024. The increase was primarily due to an increase in convertible notes payable and accrued interest payable.

	Three Months Ended
	June 30,
	2025			2024
Cash used in Operating Activities	$	(10,711	)	$	(34,587	)
Cash used in Investing Activities		(2,400	)		-
Cash provided by Financing Activities		30,973			20,000
Effects on changes in foreign exchange rate		(27,388	)		(392	)
Net changes in cash during period	$	(9,524	)	$	(14,979	)

~~Working~~Our ~~capital~~total ~~deficiency~~current ~~increased~~assets ~~from~~as ~~$713~~of June 30,~~319~~ as2025 ofwere ~~March~~as 31$255,462 ~~2024~~compared to total current assets of $1256,~~028,427~~104 as of ~~December~~March 31, ~~2024,~~2025. ~~mainly~~The decrease was primarily due to ~~the~~decrease ~~increase~~ in ~~convertible notes payable and accrued interest payable~~cash.

15Our ~~Table~~total current liabilities as of ~~Contents~~March 31, 2025 were $1,600,408 as compared to total current liabilities of $1,653,393 as of June 30, 2025. The increase was attributed to the increase in convertible notes and accrued interest payable.

~~The~~Working ~~report~~capital ofdeficiency ~~our~~increased ~~auditors~~from on$1,344,304 ~~our~~as ~~audited~~of ~~financial statements for the fiscal year ended~~ March 31, ~~2024,~~2025 ~~contains~~to a$1,397,931 ~~going concern qualification~~ as weof ~~have~~June ~~suffered~~30, ~~losses~~2025 ~~since~~mainly ~~our~~due ~~inception. We have minimal assets and have achieved limited operating revenues since our inception. We have been dependent on sales of equity securities~~ to ~~conduct~~the ~~operations.~~increase ~~Unless~~in ~~and~~convertible ~~until~~notes wepayable ~~commence material operations~~ and ~~achieve~~accrued ~~material~~interest ~~revenues, we will remain dependent on financings to continue our operations~~payable.

The report of our auditors on our audited financial statements for the fiscal year ended March 31, 2025, contains a going concern qualification as we have suffered losses since our inception. We have no operating revenues. We have been dependent on sales of equity securities and debt financing to conduct operations. The Company’s ability to continue as a going concern is dependent on its ability to raise additional capital and implement its business plan.

Operating Activities

For the ~~nine~~three months ended ~~December~~June 3130, ~~2024~~2025, net cash used in operating activities was $~~205~~10,~~400,~~ 711 related to our net loss of $~~381~~36,~~783~~310, ~~offset~~reduced by amortization of $279,~~642~~214, loss on convertible notes of $~~145~~15,~~000~~333 and changes in operating assets and liabilities of $31,~~741~~052.

For the ~~nine~~three months ended ~~December~~June 3130, ~~2023~~2024, net cash used in operating activities was $~~212~~34,~~201,~~ 587 related to our net loss of $~~443~~46,~~520~~428, ~~offset~~reduced by amortization of $9,214, loss on convertible notes of $~~170~~13,~~200~~333 and increased by changes in operating assets and liabilities of $6110,~~120~~707.

Investing Activities

For the ~~nine~~three months ended ~~December~~June 3130, ~~2024 and 2023~~2025, net cash used in investing activities was $122,~~056 and $41~~400,~~054,~~ ~~respectively,~~comprised ~~primarily~~of advancement ~~for~~on promissory loan ~~advancement~~receivable toof ~~an unaffiliated company~~$2,400.

For the three months ended June 30, 2024, the Company did not have any investing activities.

Financing Activities

For the ~~nine~~three months ended ~~December~~June 3130, ~~2024~~2025, net cash provided by financing activities was $~~217~~30,~~500~~973 primarily from proceeds related to convertible notes of $23,000 and repayment from related party of $7,093.

For the ~~nine~~three months ended ~~December~~June 3130, ~~2023~~2024, net cash provided by financing activities was $~~259~~20,~~200,~~000 ~~comprised~~primarily offrom proceeds related to convertible notes ~~of $255,300 and proceeds related to promissory notes of $3,900~~.

Cash Requirements

We will require additional cash as we expand our business. Initially, to carry out our business plan, we will need to raise additional capital. There can be no assurance that we will be able to raise additional capital or, if we are able to raise additional capital, the terms we be acceptable to us. Currently we do not have any inventory.

These conditions indicate a material uncertainty that casts significant doubt about our ability to continue as a going concern. We require additional debt or equity financing to have the necessary funding to continue operations and meet our obligations. We have continued to adopt the going concern basis of accounting in preparing our financial statements.

We will require additional financing in order to enable us to proceed with our plan of operations. There is no assurance that any party will advance additional funds to us in order to continue our future plans for operations.

We anticipate continuing to rely on equity sales of our common stock in order to continue to fund our business operations. Issuances of additional shares will result in dilution to our existing stockholders. There is no assurance that we will achieve any additional sales of our equity securities or arrange for debt or other financing to fund our planned business activities.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.

Table of Contents

Critical Accounting Policies

~~Critical~~Basis ~~Accounting~~of ~~Policies and Significant Judgments and Estimates~~Presentation

The ~~preparation of~~ financial statements are prepared in ~~conformity~~accordance with generally accepted accounting principles ~~generally~~used ~~accepted~~ in the United States of America ~~requires~~(“US management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of income and expense during the reporting periods presentedGAAP”).

~~Our~~Use critical estimates include revenue recognition and intangible assets. Although we believe that these estimates are reasonable, actual results could differ from those estimates given a change in conditions or assumptions that have been consistently applied. We also have other policies that we consider key accounting policies, such as our policy for revenue recognition, however, the application of ~~these policies does not require us to make significant estimates or judgments that are difficult or subjective.~~Estimates

~~The~~In ~~critical~~preparing ~~accounting~~financial ~~policies~~statements ~~used~~in byconformity with US GAAP, management makes estimates and assumptions that affect the ~~methodology~~reported ~~for~~amounts ~~its~~of ~~estimates~~assets and ~~assumptions~~liabilities ~~are~~and disclosures of contingent assets and liabilities at the dates of the financial statements, as ~~follows:~~well as the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made. However, actual results could differ materially from those estimates.

16Fair ~~Table~~Value of ~~Contents~~Financial Instruments

~~Convertible~~The ~~Financial~~Company ~~Instruments~~adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures,” which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements.

WeThe ~~bifurcate~~estimated ~~conversion~~fair ~~options~~value ~~from~~of ~~their~~certain ~~host~~financial instruments, ~~and~~including accounts ~~for~~payable ~~them~~and asaccrued ~~free~~liabilities. ~~standing derivative financial instruments if certain criteria~~ are ~~met.~~carried ~~The~~at ~~criteria~~historical ~~include~~cost ~~circumstances~~basis, in which ~~(a)~~approximates ~~the~~their ~~economic~~fair ~~characteristics~~values ~~and~~because ~~risks~~ of the ~~embedded~~short-term ~~derivative~~nature ~~instrument~~of ~~are~~these ~~not~~instruments. ~~clearly~~The ~~and~~carrying ~~closely~~amounts ~~related to the economic characteristics and risks~~ of ~~the~~our ~~host~~short ~~contract,~~term ~~(b)~~credit ~~the~~obligations ~~hybrid~~approximate ~~instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at~~ fair value ~~under~~because ~~otherwise~~the ~~applicable~~effective ~~generally~~yields ~~accepted~~on ~~accounting~~these ~~principles~~obligations, ~~with~~which ~~changes~~include incontractual ~~fair~~interest ~~value~~rates ~~reported~~taken intogether ~~earnings as they occur and (c) a separate instrument~~ with ~~the~~other ~~same~~features ~~terms~~such as ~~the~~ embedded ~~derivative~~conversion ~~instrument~~options, ~~would~~are becomparable ~~considered a derivative instrument. An exception~~ to ~~this~~rates ~~rule~~of isreturns ~~when~~for ~~the~~instruments ~~host~~of ~~instrument~~similar iscredit ~~deemed to be conventional, as that term is described under applicable GAAP~~risk.

~~When~~ASC we820 ~~have~~defines ~~determined~~fair ~~that~~value as the ~~embedded~~exchange ~~conversion~~price ~~options~~that ~~should~~would ~~not~~ be ~~bifurcated~~received ~~from~~for ~~their~~an ~~host~~asset ~~instruments,~~or ~~discounts~~paid ~~are~~to ~~recorded~~transfer ~~for~~a ~~the~~liability ~~intrinsic~~(an ~~value~~exit ofprice) ~~conversion~~in ~~options~~the ~~embedded~~principal inor ~~the~~most ~~instruments~~advantageous ~~based~~market ~~upon~~for the ~~differences~~asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value ofhierarchy, ~~the~~which ~~underlying~~requires ~~Common~~an ~~Stock~~entity atto maximize the ~~commitment~~use ~~date~~ of ~~the~~observable ~~transaction~~inputs and minimize the ~~effective~~use ~~conversion~~of ~~price~~unobservable ~~embedded~~inputs inwhen ~~the~~measuring ~~instrument~~fair value. ASC 820 describes three levels of inputs that may be used to measure fair value:

Level 1 -	quoted prices in active markets for identical assets or liabilities
Level 2 -	quoted prices for similar assets and liabilities in active markets or inputs that are observable
Level 3 -	inputs that are unobservable (for example cash flow modeling inputs based on assumptions)

Item 3. Quantitative and Qualitative Disclosures About Market Risk

As a “smaller reporting company”, we are not required to provide the information required by this Item.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

We are required to maintain “disclosure controls and procedures” as such term is defined in Rule 13a-15(e) under the Securities Exchange Act of 1934. In designing and evaluating our disclosure controls and procedures, our management recognized that disclosure controls and procedures, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of disclosure controls and procedures are met. Additionally, in designing disclosure controls and procedures, our management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible disclosure controls and procedures. The design of any disclosure controls and procedures also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Based on her evaluation as of the end of the period covered by this report, Meriesha Rennalls, our President, Chief Operating Officer, Secretary and Director, has concluded that our disclosure controls and procedures were not effective such that the information relating to our company, required to be disclosed in our Securities and Exchange Commission reports (i) is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms and (ii) is accumulated and communicated to our management, to allow timely decisions regarding required disclosure as a result of continuing material weaknesses in our internal control over financial reporting.

As disclosed in our Quarterly Report on Form 10-Q for the three months ended ~~December~~June 3130, ~~2024~~2025, based on management’s assessment of the effectiveness of our internal controls over financial reporting, management concluded that our internal controls over financial reporting were not effective as of ~~December~~June 3130, ~~2024~~2025, due to inadequate segregation of duties and ineffective risk management, and insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines. Management believes the above weakness constitute material weaknesses in our internal control over financial reporting. Until such time, if ever, that we remediate the material weakness in our internal control over financial reporting we expect that the material weaknesses in our disclosure controls and procedures will continue.

Changes in Internal Control over Financial Reporting

During the period covered by this report there were no changes in our internal control over financial reporting that materially affected, or are reasonable likely to materially affect, our internal control over financial reporting.

1718 Table of Contents

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

From time to time, we may become involved in litigation relating to claims arising out of its operations in the normal course of business. We are not involved in any pending legal proceeding or litigation and, to the best of our knowledge, no governmental authority is contemplating any proceeding to which we area party or to which any of our properties is subject, which would reasonably be likely to have a material adverse effect on us.

Item 1A. Risk Factors

As a “smaller reporting company”, we are not required to provide the information required by this Item.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not Applicable.

Item 5. Other Information

None.

Item 6. Exhibits

Exhibit Number		Description of Exhibits
31.1		Certification by the Principal Executive Officer
32.1		Certification by the Principal Executive Officer

1819 Table of Contents

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		CARO HOLDINGS INC.
		(Registrant)
Dated: February 14, 2025		/s/ Christopher McEachnie
Dated: August 19, 2025		/s/ Christopher McEachnie
		Christopher McEachnieChief Executive Officer (Principal Executive Officer)

1920

Filing Compare · Caro Holdings Inc.