To the Members of LASA SUPERGENERICS LIMITED Report on the Audit of Financial Results
Opinion
We have audited the annual financial results of LASA SUPERGENERICS LIMITED (hereinafter
referred to as the Company") which comprise the Balance Sheet as at 31, 2023 and the
Statement of Profit & loss and statement of change in Equity and statement of Cash
Flows for the year then ended, and notes to the Financial Statement, including summary of
Significant accounting policies and other explanatory information.
In our opinion and to the best of our informationand according to the explanations
i. are presented in accordance with the requirements of
Regulation 33 and Regulation52 of the Listing Regulations in this regard; and ii. give
a true and fair view in conformity with the recognition and measurement principles laid
down in the applicable accountingstandards prescribed under Section133 of the Companies
Act, 2013 (the "Act") and other accounting principles generally accepted in
India, of net profit and other comprehensive income and other financial the Company for
the year ended March 31, 2023 and the balance sheet and the statement of cash flows as at
and for the year ended on that date.
Key Audit Matters
Key audit matters are those matters that, in our professional
judgment,wereofmostsignificance in our audit of the financial statements of the current
period. These matters were addressed in the context of our audit of the results:
financial statements as a whole, and in forming our opinion thereon, and we do not provide
a separate opinion on these matters. We have determined the matters described below to be
key audit matters to be communicated in our report.
Key Audit Matter |
How the matter was addressed in our Audit |
RevenueRecognition |
In view of the importance of the matter we applied the following audit
procedures in this area, among others to obtain sufficient audit evidence: |
| Revenue is recognised when the control of the product being sold has
transferred to the customer. Therefore, there is a risk of revenue being overstated on
account of variation in the timing of transfer of control due to the pressure management
may feel to achieve performance targets at the reporting period end. |
|
|
Evaluating the process followed by the company for revenue
recognitionincluding understanding and testing of key controls relating to recognition
period. |
|
Inspecting documentation/records for sales transactions recorded both
side of year-end to determine if revenue has been recognised in the correct period and |
|
Critically assessing manual journals posted to revenue to identify
unusual or irregular items. |
Inventories |
Our audit procedures to assess the net realizable value (NRV) of
inventories included the following: |
| Inventories held by company comprising Work in progress or Raw Material
may be held for long periods of time before sale making it vulnerable to reduction in net
realizable value (NRV). This could result in an overstatement of the value of inventory
when the carrying value is higher than the NRV. |
Understanding the basis of estimated selling price for the unsold units
and work in progress. |
| For NRV assessment, the estimated selling price is determined for a
phase, sometimes comprising multiple and application of write-down of inventory to NRV are
subject to significant judgements. As such inappropriate assumptions in these judgements
can impact the assessment of the carrying value of inventories. Considering the
managements judgement associated with long dated estimation of future market and economic
conditions, we have considered assessment of net realizable value of inventory as a key
audit matter. |
Evaluating the design and testing operatingeffectiveness of controls over
preparation and update of NRV workings by designated personnel. Testing controls related
to review of key estimates, including estimated future selling prices and
units.Theassessment costs of completion for property development projects. |
|
Evaluatingthe managements judgement with regards to application of
write-down of inventory units by auditing the key estimates, data inputs and assumptions
adopted in the valuations.Comparing expected future average selling prices with available
market conditions such as price range available under industry reports published by
reputed consultants. |
Emphasis of Matter
The company does not have insurance cover for any of its assets. We are informed that
the company had disputed the insurance settlement amount offered by the insurance company
against the claim filed by the company 2019-20). The company has filed a case in the court
of law against the insurance company. The court order is awaited. The Company should take
immediate steps to resolve the issue and obtain insurance cover.
Other Information
The Companys management and Board of Directors are responsible for the other
information. The other information comprises the information included in the Companys
annual and our report but does not include the financial auditors report thereon.
Our opinion on the financial statements does other information and we do not express
any form of assurance conclusion thereon.
Inconnection our responsibility is to read the other information and, in doing so,
consider whether the other information is materially inconsistent with the
financialstatements, 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. fromfraudishigher than
Managements Responsibilities for the Financial Results
These financial results have been prepared on the basis of the annual financial
statements. are responsible for the preparation and presentation of these financial other
comprehensive income and other financial the Company and the balance sheet and the
statement of cash flows in accordance with the recognitionand measurement principles laid
down in the Indian Accounting Standards prescribed under Section issued thereunder and
other accounting principles generally accepted in India and in compliance with Regulation
33 and Regulation of the Company are responsible for maintenance of adequate accounting
records in accordance with the provisions of the Act for safeguarding of the assets of the
Company and for preventing and detecting application and estimates that are reasonable and
prudent; and the design, implementation and maintenance controls, that were operating
effectively for ensuring accuracy and completeness of the accountingresultsor,if of the
financialstatements that preparation give a true and fair view and are free from material
misstatement, whether due to fraud or error, which have been used for the purpose of
preparation of the financial the Company, as aforesaid.
In preparing the financialresults, the Board of Directors of the
Company are responsible for assessing the ability of the Company to continue as a going
concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting liquidate the Company or to cease operations, alternative but
to do so. The Board of Directors of the Company are responsible for overseeing the
financial reporting process of the Company.
(flood
Auditors Responsibilities for the Audit of the Financial Results
Our objectives whether the financial results as a whole are free from material
misstatement, whether due to fraud or error, and to issue an auditors 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 results. cover the As part of an audit in accordance with SAs, we exercise
professional throughout the judgmentand maintain professional scepticism audit. We also:
a. Identify and assess the risks of material misstatement of the financial results,
whether due to fraud or error, perform audit procedures responsive to those risks, and
obtain audit evidence that is provide a basis for our opinion. The risk of not detecting
material misstatement resulting for one resulting from error, forgery, intentional
override of internal control.
The Companys Board of Directors b. Obtain an understanding of internal control
relevant to the audit in order to design audit procedures that are results that give a
true and fair view of the net profit and appropriate in the circumstances. Under Section
143(3) information of (i) of the Act, we are also responsible for expressing our opinion
on whether the company has adequate internal financial controls with reference to
financial statements in place and the operating effectiveness of such controls. c.
Evaluate the appropriateness of accounting policies used and the reasonableness of
accounting estimates and related disclosures made by the Board of Directors. d. Conclude
on the appropriateness of the Board of Directors use of the going concern basis of
accounting and, based on the frauds and other irregularities; selection audit evidence
obtained, whether a material uncertainty exists related to events or conditionsthat may
cast significant doubt on the Companys ability to continue as a of adequate internal
financial going concern. If we conclude that a material uncertainty exists, we are
required to draw attention in our auditors records, relevant to the report
totherelateddisclosures in the financial such disclosures are Inadequate, to modify our
opinion. Our conclusions are based on the audit evidence obtained up to the date of our
auditors report. However, future events or results by the Directors of conditions
maycause the Company to cease to continueas a going concern. e. Evaluate the overall
presentation, structure and content of the financial results including the disclosures,
and whether the financial results represent the underlying transactions and events in a
manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the
planned scope and timing of the audit and significant audit findings, including any
significant in internal control that we identify during our audit. We also provide those
charged with governance with a statement that we have complied with relevant ethical
requirements regarding independence, and to communicate with them all relationships and
other matters that may reasonably be thought to bear on our independence, and where
applicable, related safeguards.
Report on Other Legal and Regulatory Requirements
1. As required by the Companies (Auditors Report) Order, 2020 (‘the Order)
issued by the Central Government of India in terms of Section the "Annexure 1" a
statement on the matters specified paragraphs 3 and 4 of the Order.
2. 143(3) of the Act, we report that: AsrequiredbySection a) We have sought and
obtained all the information and explanations which to the best of our knowledge and
belief were necessary for the purpose of our audit. or provide b) In our opinion, proper
books of accounts as required by law have been kept by the Company so far as it appears
from our examination of those books. c) The Balance Sheet, the Statement of Profit and
Loss including other comprehensive income, the statement of change in equity and the Cash
Flow Statement dealt with by this Report are in agreement with the relevant books of
account. d) In our opinion, the aforesaid financial statements comply with Ind AS
specified under Section 133 of the
Act. e) On the basis of the written representations from the directors and taken on
record by the Board of Directors, none of the directors is disqualified as on March 31,
2023, from being appointed as a director in terms of Section 164(2) of the Act. f) With
respect to the adequacy of the internal financial controls over financial reporting of the
Company the operating effectiveness of such controls, refer to our separate report in
"Annexure 2" to this report. g) With respect to the other matters to be included
in the Auditors Report in accordance with Rule 11 of the Companies (Audit and Auditors)
Rules, 2014 (as amended), in our opinion and to the best of our information and according
to the explanations us:
a) The Company has disclosed the impact of pending litigations position in its
standalone financial
b) The Company did not have any long-term contracts including derivative contracts for
which there were any material foreseeable losses.
c) There were no amounts, which were required to be transferred to the Investor
Education and Protection Fund by the Company.
3. a. The management has represented that, to the best of its knowledge and belief, no
funds have been advanced or loaned or invested (either from borrowed funds or share
premium or any other sources or kind of funds) by the Company to or in any other person or
entity, including foreign entities the understanding, whether recorded in writing or
otherwise, that the Intermediary shall, whether, directly or indirectly lend or invest in
other persons or identified in any manner whatsoever by or on behalf of the Company
provide guarantee, security or the like on behalf of the Ultimate Beneficiaries; of the
Act, we give in b. The management has represented that, to the best of its knowledge and
belief, no funds have been received by the Company from any person or entity, including
foreign entities the understanding, whether recorded in writing otherwise, that the
Company shall, whether, directly or indirectly, lend or invest in other persons or any
manner whatsoever by or on behalf of identified the Funding Party("Ultimate
Beneficiaries") any guarantee, security or the like on behalf of the
Ultimate Beneficiaries; and c. Based on such audit procedures that were considered
reasonable and appropriate in the circumstances, nothing has come to our notice that has
caused us to believe that the representations and (b) contain any material misstatement.
4. With respect to the other matters to be included in the
Auditors Report in accordance with the requirements of section 197(16) of the Act.
In our opinion and to the best of our information and receivedaccording to the
explanation given to us, the remuneration paid/ provided by the company to its directors
during the year is in accordance with the provisions of Section 197 of the Act. The
remuneration paid to any directors is not in excess of the limit laid down U/s 197 of the
IT Act. The Ministry of Corporate Affairs has not prescribed other and details U/s 197
(16) which requires to be commented by us.
5. Proviso to Rule 3(1) of the companies (Accounts) Rules, 2014 for maintaining books
of account using accounting software which has a feature of recording audit trial (edit
log) facility is applicable to the Company with effect from April 1, 2023, and
accordingly, reporting of Companies ( audit and Auditors) Rules, 2014 is not applicable
for the financial year ended March 31, 2023. given to
|
For Thanawala & Company |
|
Chartered Accountants |
| as of March 31, 2023, on its financial statements. |
Firm Reg. No.: 110948W |
|
Sd/- |
|
CA Vijay Thanawala |
|
Proprietor |
Place: Mumbai |
Membership No.: 015632 |
Date: 9th June 2023 |
UDIN: 23015632BGWOGS8914 |
ANNEXURE ‘A TO THE INDEPENDENT AUDITORS REPORT
The Annexure referred to in Independent Auditors Report to the members of the Company
on the financial for the year ended 31st March 2023, we report that: i. a. The Company
has maintained proper records showing full particulars, including quantitative details
situation . Accordingly, clause ofits fixedassets b. The Company has a regular programme
of physical by verification which fixed assets are verified in a phased manner a period of
three years. In our opinion, this periodicity of physical verification is reasonable
having regard the size of the Company and the nature of its assets. In accordance with
this programme, certain property plant and equipment were verified during the year and
material discrepancieswerenoticedon such verification. c. According to the information and
explanations given us and on the basis of our examination of the records the company, the
title deeds of immovable properties are held in the name of the Company except as under-
Fixed Asset Group |
Particulars |
Original Cost |
Closing WDV |
| Land |
Land Unit D-27 |
2,25,62,143 |
2,07,32,465 |
Land |
Land Developing Charges |
1,91,17,958 |
1,76,97,079 |
Land |
Stamp Duty for Demerger |
16,10,624 |
14,99,802 |
Factory Building |
Factory Building -CWIP |
8,27,03,050 |
6,82,95,348 |
Factory Building |
Stamp Duty of Demerger |
6,40,979 |
5,37,600 |
Plant & Machinery |
Trail Run Q3 |
7,02,61,991 |
3,48,89,121 |
Plant & Machinery |
Chemical Storage Tank |
90,20,000 |
48,67,314 |
Plant & Machinery - R & D |
Trial Production Q-3 |
5,10,16,388 |
35,16,179 |
d. The Company has not revalued its Property, Plant and Equipment (including Right of
use assets) during the year ended 31st March 2023. e. There are no proceedings initiated
or are pending against the Company for holding any benami property under the Prohibition
of Benami Property Transactions Act, 1988 and rules made thereunder. ii. a. The management
has conducted physical verification of inventory at reasonable intervals during the year
except inventory lying with third parties and goods in on transits. As explained to us,
the discrepancies noticed verification records were not material and have been properly
dealt with in the books of account.
b. During the year, no working capital limits has been sanctioned in excess of five
crore rupees, in aggregate, . frombanksor 3(ii)(b) of the Order is not applicable to the
company. iii. During the year the company has not made any investments in or provided any
guarantee or security or granted any loans or advances in the nature of loans, secured or
unsecured, to companies, firms, Limited Liability Partnerships or any other parties or to
promoters or related parties.
3(iii) of the order is not applicable to the company. iv. The company has not granted
any loans, or made any investments, guarantees, and security, to which the provisions of
sections 185 and 186 of the Companies Act 2013 v. The Company has neither accepted any
deposits from the public nor accepted any amounts which are deemed to be deposits within
the meaning of Sections 73 to 76 of the Companies Act and the rules made thereunder, to
the extent applicable. Accordingly, the requirement to report on clause
3(v) of the Order is not applicable to the Company. vi. We have broadly reviewed the
books of accounts maintained by the Company pursuant to the rules prescribed by the
Central Government for maintenance of cost records under
Section 148(1) of the Companies Act, 2013 in respect of its manufactured goods and are
of the opinion that prima facie, the prescribed accounts and records have been made and
maintained. However, we have not carried out a detailed examination these are accurate or
complete.
vii. a. Undisputed statutory dues including provident fund, employees state insurance,
income-tax, Goods and Service Tax, Custom Duty and other material statutory dues have
generally been regularly deposited with the appropriate authorities though there has been
a slight delay in a few cases.
According to the information and explanations given to us, no undisputed amounts
payable in respect of income tax, Goods and Service tax, Custom Duty and other material
statutory dues were outstanding for the year end, for a period of more than six months
from the date they became payable except as under-
Statutory |
Amount |
| ESIC Payable - Employee |
54,237 |
| ESIC Payable - Employer |
1,30,579 |
| MLWF - Employee Payable between the physical stocksand the book |
6,960 |
Total |
1,91,776 |
b. According to the records of the Company, there are no dues outstanding of
income-tax, sales- tax, service tax, duty of custom, duty of excise, value added tax and
cess on account of any dispute for the year ended March 31, 2023, except the following-
Sr. No |
Name of the statute |
Financial year |
in lakhs including interest and penalty |
| 1 |
Income Tax |
2017-18 |
50,00,00,000 |
| 2 |
Income Tax |
2017-18 |
63,68,64,700 |
| 3 |
Income Tax |
2017-18 |
1,35,01,450 |
| 4 |
Sales Tax |
2016-17 |
13,26,393 |
| 5 |
Sales Tax |
2017-18 |
7,78,723 |
| 6 |
Income Tax |
2016-17 |
4,59,595 |
| 7 |
Income Tax |
2017-18 |
4,65,090 |
| 8 |
Income Tax |
2017-18 |
1,30,36,360 |
viii. The Company has not surrendered or disclosed any transaction,previously
unrecorded in the books of account, in the tax assessments under the Income Tax Act, 1961
as income during the year. Accordingly, the requirement to report on clause 3(viii) of the
Order is not applicable to the Company. ix. a. The company has not repaid of principal
dues of loans taken and interest thereon to any lender, period and the amount of default
are as follows: -
Nature of borrowings |
Name of lender |
Amount not paid on due date |
Principal / Interest |
Number of days delay |
Remarks, if any |
Long term Bank borrowings |
Bank of Baroda, Dubai |
7,68,19,421/- |
Interest |
1,565 days |
The said loan is currently under litigation. Owing to the litigation
proceedings, the bank has not provided any confirmation regarding the amount of interest
that has been charged. Hence, the amount of interest that has been debited to the profit
as per managements best estimate. |
Long term Bank borrowings |
Bank of Baroda, Dubai |
21,76,98,605/- |
Principal |
1,565 days |
|
b. The Company has not been declared as a wilful defaulter by any bank or financial
institution or government or any government authority during the year. c. During the year
the company has not availed of or has been disbursed any term loans d. On an overall
examination of the the Company, no funds raised on short-term basis have been used for
long-term purposes during the year by the Company.
e. The company does not have any Subsidiary, Associates or Joint Ventures. x. a. The
Company has not raised any money during the year by way of initial public offer/furthe
r public (including debt instruments) hence, the requirement to report on clause
3(x)(a) of the Order is not applicable to the Company. b. During the year the Company has
not made any preferential allotment or private placement of shares or convertible
debentures (fully or partly or hence reporting under clause (x)(b) of the Order is not
applicable to the Company.
xi. a. No fraud by the Company or no fraud on the Company has been noticed or reported
during the year b. There is no instance, during the year that necessitates reporting in
the c. There are no instances of whistle-blower complaints received by the company during
the year. xii. The Company is not a Nidhi Company as per the provisions of the Companies
Act, 2013. Therefore, the requirement to report on clauses 3(xii)(a), (b) and (c) of the
Order is not applicable to the Company.
xiii. In our opinion, transactions with the related partiesare in compliance with
Sections 177 and 188 of Companies Act, 2013 where applicable and the details have been
disclosed in the notes to the financial statements, as required by the applicable
accounting standards.
xiv. a. The Company has an internal audit system commensurate with the size and nature
of its business.
b. The internal audit reports of the Company issued till the date of the audit report,
for the period under audit have been considered by us.
xv. The Company hasnotenteredintoanynon-cashtransactions existing at the with
its directors or persons connected with its directors and hence requirement to report on
clause 3(xv) of the Order is not applicable to the Company. is based on the facts up xvi.
a. The provisions of Section 45-IA of the Reserve Bank of India Act, 1934 (2 of
1934)arenotapplicabletothe falling due within a period of
Company. Accordingly, the requirement to report on clause (xvi) (a) of the Order is not
applicable to the Company
b. The Company has not conducted any Non-Banking Financial or Housing Finance a valid
Bank of India as per the Reserve Bank of India Act, 1934.
c. The Company is not a Core Investment Company as defined in the regulations made by
India. Accordingly, the requirement to report on clause
3(xvi) of the Order is not applicable to the Company d. There is no Core Investment
Company as a part of the Group, hence, the requirement to report on clause
3(xvi) of the Order is not applicable to the Company.
xvii. The Company has incurred cash losses in the current financial year and not in the
previous financial year.
xviii. There has been no resignation of the statutory auditors during the year and
accordingly requirement to report on
Clause 3(xviii) of the Order is not applicable to the Company
xix. On the basis of the financial ratios, ageing and expected dates of realization of
financial financial liabilities, other information accompanying the financial statements,
our knowledge of the Board of Directors and management plans and based on our examination
of the evidence supporting the assumptions, there does not exists material uncertainty as
on the date of the audit report that Company is not capable of meeting of balance sheet as
and when liabilities they fall due within a period of one year from the balance sheet
date. We, however, state that this is not an assurance as to the future viability of the
Company. We further state the date of thatour the audit report and we neither give any
guarantee nor any one assurance that all liabilities year from the balance sheet date,
will get discharged by the Company as and when they fall due.
xx. According to the information and explanation given to us provisions of section 135
of the Companies Act 2013 are not applicable to the company. Accordingly, the requirement
to report on clause 3(xx) of the Order is not applicable to the Reserve
Company. xxi. The company does not have any subsidiaries or associates or Reserve
Bankof joint ventures, the accounts of which are to be consolidated and as such
there are no consolidated financial statements.
|
For Thanawala & Company |
|
Chartered Accountants |
|
Firm Reg. No.: 110948W |
|
Sd/- |
|
CA Vijay Thanawala |
|
Proprietor |
Place: Mumbai |
Membership No.: 015632 |
Date: 9th June 2023 assets and payment UDIN:
23015632BGWOGS8914 of |
ANNEXURE B TO INDEPENDENT AUDITORS REPORT
Referred to in paragraph 10(f) of the Independent Auditors Report of even date to the
members LASA SUPERGENERICS LIMITED on the financial statements for the year
Report on the internal financial controls under clause(i) of subsection 3 of section
143 of the Act
We have audited the internal financial controls over financial reporting LASA
SUPERGENERICS LIMITED (‘the March 31, 2023, in conjunction with our audit of the
financial statements of the Company for the year ended on that date.
Managements responsibility for internal financial controls
The Companys Management is responsible for establishing and maintaining internal
financial controls based control over financial reporting criteria established by the
Company considering the essentialcomponents of internal control stated in the Guidance
Note on Audit of Internal Financial Controls over Financial Reporting issued Accountants
of India (ICAI). These responsibilities include the design, implementation and maintenance
of adequate internal financial controls that the orderly and efficient adherence to
Companys policies, the safeguarding of its assets, the prevention anddetection of of
unauthorized acquisition, use, or disposition and completeness of the accounting records,
and the timely preparation of reliable financial the Act.
Auditors responsibility
Our responsibility is to express an opinion on the Companys of on ourinternal
financial controls over financial audit. We conducted our audit in accordance with the
Guidance
Note on Audit of Internal Financial Controls Over Financial Reporting (the
‘Guidance Note) and the Standards on Auditing the deemed to be prescribed under
section extent applicable to an audit of internal financialcontrols, both reporting may
become inadequate issuedapplicable to an audit of internal financial by the ICAI. Those
Standards and the Guidance Note require that we comply with ethical requirements and plan
and perform the audit to obtain reasonable assurance about whether adequate internal
financialcontrols over financial and maintained and if such controls operated effectively
in controls material respects. Our audit involves performing procedures to obtain audit
evidence about the adequacy of the internal financial controls systemover reporting
financial reportingand their operating effectiveness. Our of internal financial controls
over financial reporting included obtaining an understanding of internal financial
controls over weakness financial exists, and testing and evaluating the design and
operating effectiveness of internal control based on the assessed risk. procedures
selected depend on the auditors judgment, including the assessment of the risks of
material misstatement of the financial statements, whether due to fraud or error. We
believe that the audit evidence we have obtained is sufficient and appropriate to provide
a basis for our audit opinion on the
Companys internal financialcontrols system over financial reporting.
Meaning of internal financial controls over financial
A companysinternalfinancialcontroloverfinancialreportingis a process designed to
provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial asof statements for external purposes in accordance with
generally accepted accounting principles. A companys internal financial includes those
policies and procedures that:
1. Pertain to the maintenance of records that, in reasonable on the internal detail,
accurately and fairly reflect the transactions and dispositions of the
2. Provide reasonable assurance that transactions are recorded by the Institute of
Chartered as necessary to permit preparation of financial statements in accordance with
generally accepted accounting principles, and that receipts and expenditures of the
company are being operating effectively for ensuring made only in accordance with
authorizations of management conduct of its business, including and directors of the
company.
3. Provide reasonable assurance regarding prevention or timely detection of frauds and
errors, the accuracy the companys assets that could have a material
financialinformation,asrequiredunder
Inherent limitations of internal financialcontrols over financial reporting
Becauseoftheinherent limitations financialcontrols over financial reporting, or
improper management override of controls, material misstatements due to error or fraud may
occur and not be detected. Also, projections of any evaluation of the internal financial
are subject to the risk that the internal financial because of changes financial in
conditions, or that the degree of compliance with the policies or procedures may
deteriorate.
Opinion
In our opinion, the Company has, in all material respects, an over financial adequate
internal financial reporting and such internal financial reporting were operating
effectively as at March 31, 2023, based criteria established ontheinternalcontrol over
financial by the Company considering the essential components of internal control stated
in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting
issued by the Institute of
Chartered Accountants of India.
|
For Thanawala & Company |
|
Chartered Accountants |
|
Firm Reg. No.: 110948W |
|
Sd/- |
|
CA Vijay Thanawala |
|
Proprietor |
Place: Mumbai |
Membership No.: 015632 |
Date: 9th June 2023 |
UDIN: 23015632BGWOGS8914 |
+91-9892691696
